WorldWideScience

Sample records for current fuel prices

  1. Are Fuel Price Hikes Justifiable?

    Institute of Scientific and Technical Information of China (English)

    2009-01-01

    China saw its third fuel price hike this year when the National Development and Reform Commission, China’s top price regulator, hiked gasoline and diesel retail prices up by 9 percent, effective on June 30. It is the second rally in a month after the country initiated a new fuel pricing scheme in May.

  2. Fuel Price Effects on Readiness

    Science.gov (United States)

    2014-05-01

    31 B. Measuring the Response to Changes in Fuel Prices across Budget Years: Long- term Price Elasticity ...Changes in Fuel Prices across Budget Years: Long-term Price Elasticity In order to determine the responsiveness of inter-year OPTEMPO to inter-year... elasticity of OPTEMPO (our readiness measure) with respect to price . 0 1,000 2,000 3,000 4,000 33 1. Army Analysis In order to avoid overlooking

  3. Higher fuel and food prices

    DEFF Research Database (Denmark)

    Arndt, Channing; Benfica, Rui; Maximiano, Nelson

    2008-01-01

    Rising world prices for fuel and food represent a negative terms-of-trade shock for Mozambique. The impacts of these price rises are analyzed using various approaches. Detailed price data show that the world price increases are being transmitted to domestic prices. Short-run net benefit ratio...... of Mozambique indicates that the fuel price shock dominates rising food prices from both macroeconomic and poverty perspectives. Again, negative impacts are larger in urban areas. The importance of agricultural production response in general and export response in particular is highlighted. Policy analysis...

  4. Higher fuel and food prices

    DEFF Research Database (Denmark)

    Arndt, Channing; Benfica, Rui; Maximiano, Nelson;

    2008-01-01

    Rising world prices for fuel and food represent a negative terms-of-trade shock for Mozambique. The impacts of these price rises are analyzed using various approaches. Detailed price data show that the world price increases are being transmitted to domestic prices. Short-run net benefit ratio...... analysis indicates that urban households and households in the southern region are more vulnerable to food price increases. Rural households, particularly in the North and Center, often benefit from being in a net seller position. Longer-term analysis using a computable general equilibrium (CGE) model...... of Mozambique indicates that the fuel price shock dominates rising food prices from both macroeconomic and poverty perspectives. Again, negative impacts are larger in urban areas. The importance of agricultural production response in general and export response in particular is highlighted. Policy analysis...

  5. Political determinants of fossil fuel pricing

    NARCIS (Netherlands)

    Van Beers, C.P.; Strand, J.

    2013-01-01

    This paper provides an empirical analysis of economic and political determinants of gasoline and diesel prices for about 200 countries over the period 1991–2010. A range of both political and economic variables are found to systematically influence fuel prices, and in ways that differ systematically

  6. 10 CFR Appendix II to Part 504 - Fuel Price Computation

    Science.gov (United States)

    2010-01-01

    ... provide the procedure to: (1) Calculate fuel price and inflation indices; (2) account for projected real... example fuel price and inflation indices based on the latest data appearing in the Energy Information Administration's (EIA) Annual Energy Outlook (AEO). The fuel price and inflation indices will change yearly with...

  7. Price and Income Elasticities of Fuel Demand in Kosova

    Directory of Open Access Journals (Sweden)

    Valon Kastrati

    2015-02-01

    Full Text Available Gasoline and diesel are the main sources of fuel required for modern life and transportation, and the adjustment of gasoline and diesel prices has become a major public issue. The drastic fluctuations in recent international oil prices have affected retail gasoline and diesel prices also in the Western Balkan countries and prompted public opinion to question the pricing behaviors of oil companies. Kosova, in the period of 17 years, has gone from a post-conflict  environment  into a state which is considered to be under transition. It has passed the reconstruction period by orienting itself toward the economic development  and European Integrations.  Price and income elasticities of gasoline demand show whether the price policy, pursued by the Kosova government, can decrease the high gasoline consumption sufficiently or not. The high deficit of the current account of balance of payments is also a concern for the Kosova’s economy; which is estimated up to 17.3% of the GDP after the foreign intervention.   The deficit of current account is being considered is related to the energy dependency. Therefore, in order to overcome such problems, control over the gasoline demand is needed to control the deficit of current accounts.Keywords:  oil price, economic development, imports, trade deficit.

  8. The normal price. The case of the retail price of diesel fuel

    OpenAIRE

    Kossov, Vladimir; Kossova, Elena

    2013-01-01

    For the large majority of goods, the price dispersion between countries does not exceed 1:10. Diesel fuel stands out, with a dispersion which exceeds 1:100. Given a constant oil price the difference in diesel fuel prices between countries is caused by the different taxes. The average share of taxes in the price determines the normal price. An estimation of the normal price of diesel fuel is made using an econometric model (using 79 countries, 1998-2008 by even years). Of greatest interest to ...

  9. The economic cost of fuel price subsidies in Ghana

    Science.gov (United States)

    Ofori, Roland Oduro

    I adapt the Harberger formula for deadweight loss to develop approximations for the deadweight loss created by multiple fuel price subsidies. I also estimate the own-price, cross-price, and income elasticities of demand for gasoline and diesel in Africa. I use data on fuel prices and sales in combination with my formulas and elasticity estimates to calculate the deadweight loss of fuel price subsidies in Ghana from 2009 to 2014. I show that the average efficiency cost of the gasoline and diesel price subsidies in Ghana is 0.8% of fuel price subsidy transfers. This result stresses the futility of basing subsidy reforms on economic efficiency losses, which are relatively small due to very inelastic energy demand, and the need for such reforms to be motivated by the poor-targeting of subsidies to low-income households and the impact of subsidies on government debt-financing.

  10. Biweight Estimate: An Instrument For Harmonizing Fuel Prices As An ...

    African Journals Online (AJOL)

    Biweight Estimate: An Instrument For Harmonizing Fuel Prices As An ... a tool for harmonising fuel prices in an attempt to spread the cost uniformly across the nation. ... The analysis based on this technique gives a reasonable decrease in the ...

  11. Impacts of Fuel price, Supply/Demand, and Seasonality on Class I Milk Price Differentials

    OpenAIRE

    Seo, HongSeok; McCarl, Bruce A.

    2014-01-01

    The Class I price differentials for milk were established in 2000 and continue in use today. These differentials are to reflect transport and other factors that vary across space. Since 2000 some key factors have changed like fuel price and supply/demand locations. We examine how the differentials match up with the distribution of shadow prices in a spatial transport model. We find consideration of fuel costs and supply demand location shifts raises the magnitude of the differentials by about...

  12. Wood fuel markets in Northern Europe. Price formation and internationalization

    Energy Technology Data Exchange (ETDEWEB)

    Olsson, Olle

    2012-07-01

    High fossil fuel prices and ambitions to reduce greenhouse gas emissions have increased demand for renewable energy and are changing wood fuel market structures. Wood fuels are to a rapidly growing degree used in industrial proportions and traded in commercial markets. Wood fuels are seen as a key component to achieve policy goals related to climate change, especially in the EU. In the six papers that form the basis for this thesis, prices of wood fuels in Northern Europe are analyzed by means of time series analysis to increase understanding about the factors that govern market development. In Paper I, it is found that whereas the Austrian and German residential-quality wood pellet markets are integrated, Sweden is a separate market. The conclusion from Paper II is that despite a long history of trade in wood fuels between Estonia and Sweden, the two markets cannot be considered integrated. The results from Paper III indicate that refined and unrefined wood fuels should be seen as two separate markets, and that forest chips prices follow different trajectories depending on whether they are used in district heating or in forest industries. In Paper IV, it is acknowledged that although high and volatile oil prices are an important driver for the growth in demand for wood fuels, no significant spillover from oil price developments into Swedish wood fuel prices could be discerned in the time period 1993-2010. In Paper V, the conclusion is that prices of industrial roundwood and unrefined wood fuels followed a common trend in Sweden in the first decade of the 21st century. Paper VI shows that there is a significantly higher level of market maturity and internationalization in the Danish wood pellet market compared to the wood chip market in the country. In conclusion, this thesis uncovers some of the mechanisms that affect wood fuel markets, including the differences between unrefined wood fuels - such as wood chips - and the dynamic market for wood pellets. Whereas

  13. High fuel price: Will Indonesian shift to public transportation?

    Science.gov (United States)

    Sopha, Bertha Maya; Pamungkas, Adhiguna Ramadhani

    2016-06-01

    Public transportation has been declining over years, while on the other hand, private vehicles are dramatically increasing. The share of public transportation was 38.3% in 2002 and slowly decreasing to 12.9% in 2010. Cheap fuel price has been alleged to be the main cause for the increased private vehicles. The declining trend of public transportation needs further investigation whether higher fuel price indeed influences the choice of transportation mode. The present study therefore aims at exploring the preference of using public transportation compared to motorcycle and private car for various fuel price and identifying barriers toward public transportation. A survey was conducted in 2013 to capture the preference of each transportation mode given different fuel price. A questionnaire which was designed according to the structure of Analytical Hierarchy Process (AHP) was distributed using random sampling in ten cities in Sumatra and Java islands, Indonesia. Results indicate that the increased fuel price would not lead to significant increase of public transportation users. Motorcycle seems continuously being the dominating transportation mode in the future. On the other hand, issues resulted from limited public transportation capacity such as long travel time, security and safety issues, limited route, poor schedule appear to be the most barriers of using public transportation. It is implied that in order to promote public transportation, interventions should be introduced simultaneously at both supply (i.e., increasing public transportation capacity) and demand (i.e., high fuel price) sides. Limitations of the study are also discussed.

  14. Prices, taxes and automotive fuel cross-border shopping

    Energy Technology Data Exchange (ETDEWEB)

    Leal, Andres [Department of Economics, Finance and Employment, Government of Aragon, Plaza de los Sitios, 7, 50.001-Zaragoza (Spain); Lopez-Laborda, Julio; Rodrigo, Fernando [Department of Public Economics, University of Zaragoza, Gran Via, 2, 50.005-Zaragoza (Spain)

    2009-03-15

    The aim of the present paper is to determine whether differences in automotive fuel prices among neighboring Autonomous Communities (i.e. Spanish political-administrative regions) affect the decisions taken by individuals regarding the region in which to purchase fuel. In particular, the intention is to discover if price increases in certain Autonomous Communities, as a result of the application of the regional tranche of the Hydrocarbon Retail Sales Tax (HRST) has affected fuel purchases in neighboring Communities. In order to achieve the above-mentioned objectives, the monthly purchases of automotive diesel in Aragon between January 2001 and March 2007 is estimated from the fuel price in Aragon, the relation between prices in each of the bordering Communities and Aragon, weighted by density of traffic, the number of vehicles registered in that Community, and three dummy variables representative of the implementation of the regional tranche of the HRST in Madrid, Catalonia, and Valencia. The paper finds empirical evidence to demonstrate a positive effect of the relative prices in the neighboring Communities and vehicle registrations, and also a negative effect of prices in Aragon, upon the acquisition of diesel in this region. In the case of Catalonia, some evidence suggests that the price effect may have been strengthened following the introduction of the regional tranche of the HRST in August 2004. (author)

  15. Interdependencies between Biofuel, Fuel and Food Prices: The Case of the Brazilian Ethanol Market

    Directory of Open Access Journals (Sweden)

    Deborah Bentivoglio

    2016-06-01

    Full Text Available Brazil is currently the world’s largest sugar producer and exporter, as well as the world’s largest producer and consumer of sugarcane ethanol as a transportation fuel. The growth of this market originates from a combination of government policies and technological change, in both the sugarcane ethanol processing sector and the manufacture of flex-fuel vehicles. In recent years however, ethanol production has been questioned due to its possible impact on food prices. The present paper aims to explore the impact of Brazilian ethanol prices on sugar and gasoline prices. The relationships between a times series of these prices are investigated using a Vector Error Correction Model (VECM, supported by Granger Causality tests. In addition, Impulse Response Functions (IRFs and Forecast Error Variance Decompositions (FEVD are computed in order to investigate the dynamic interrelationships within these series. Our results suggest that ethanol prices are affected by both food and fuel prices, but that there is no strong evidence that changes in ethanol prices have an impact on food prices.

  16. Higher fuel prices are associated with lower air pollution levels.

    Science.gov (United States)

    Barnett, Adrian G; Knibbs, Luke D

    2014-05-01

    Air pollution is a persistent problem in urban areas, and traffic emissions are a major cause of poor air quality. Policies to curb pollution levels often involve raising the price of using private vehicles, for example, congestion charges. We were interested in whether higher fuel prices were associated with decreased air pollution levels. We examined an association between diesel and petrol prices and four traffic-related pollutants in Brisbane from 2010 to 2013. We used a regression model and examined pollution levels up to 16 days after the price change. Higher diesel prices were associated with statistically significant short-term reductions in carbon monoxide and nitrogen oxides. Changes in petrol prices had no impact on air pollution. Raising diesel taxes in Australia could be justified as a public health measure. As raising taxes is politically unpopular, an alternative political approach would be to remove schemes that put a downward pressure on fuel prices, such as industry subsidies and shopping vouchers that give fuel discounts. Copyright © 2014 Elsevier Ltd. All rights reserved.

  17. Oil Price Uncertainty, Transport Fuel Demand and Public Health

    Science.gov (United States)

    He, Ling-Yun; Yang, Sheng; Chang, Dongfeng

    2017-01-01

    Based on the panel data of 306 cities in China from 2002 to 2012, this paper investigates China’s road transport fuel (i.e., gasoline and diesel) demand system by using the Almost Ideal Demand System (AIDS) and the Quadratic AIDS (QUAIDS) models. The results indicate that own-price elasticities for different vehicle categories range from −1.215 to −0.459 (by AIDS) and from −1.399 to −0.369 (by QUAIDS). Then, this study estimates the air pollution emissions (CO, NOx and PM2.5) and public health damages from the road transport sector under different oil price shocks. Compared to the base year 2012, results show that a fuel price rise of 30% can avoid 1,147,270 tonnes of pollution emissions; besides, premature deaths and economic losses decrease by 16,149 cases and 13,817.953 million RMB yuan respectively; while based on the non-linear health effect model, the premature deaths and total economic losses decrease by 15,534 and 13,291.4 million RMB yuan respectively. Our study combines the fuel demand and health evaluation models and is the first attempt to address how oil price changes influence public health through the fuel demand system in China. Given its serious air pollution emission and substantial health damages, this paper provides important insights for policy makers in terms of persistent increasing in fuel consumption and the associated health and economic losses. PMID:28257076

  18. An Empirical Analysis of the Price Discovery Function of Shanghai Fuel Oil Futures Market

    Institute of Scientific and Technical Information of China (English)

    Wang Zhen; Liu Zhenhai; Chen Chao

    2007-01-01

    This paper analyzes the role of price discovery of Shanghai fuel oil futures market by using methods, such as unit root test, co-integration test, error correction model, Granger causality test, impulse-response function and variance decomposition. The results showed that there exists a strong relationship between the spot price of Huangpu fuel oil spot market and the futures price of Shanghai fuel oil futures market. In addition, the Shanghai fuel oil futures market exhibits a highly effective price discovery function.

  19. Fuel, environmental, and transmission pricing considerations in a deregulated environment

    Science.gov (United States)

    Obessis, Emmanouil Vlassios

    The 1992 National Energy Policy Act drastically changed the traditional structure of the vertically integrated utility. To facilitate increased competition in the power utility sector, all markets related to power generation have been opened to free competition and trading. To survive in the new competitive environment, power producers need to reduce costs and increase efficiency. Fuel marketing strategies are thus, getting more aggressive and fuel markets are becoming more competitive, offering more options regarding fuel supplies and contracts. At the same time, the 1990 Clean Air Act Amendments are taking effect. Although tightening the emission standards, this legislation offers utilities a wider flexibility in choosing compliance strategies. It also set maximum annual allowable levels replacing the traditional uniform maximum emission rates. The bill also introduced the concept of marketable emission allowances and provided for the establishment of nationwide markets where allowances may be traded, sold, or purchased. Several fuel- and emission-constrained algorithms have been historically presented, but those two classes of constraints, in general, were handled independently. The multiobjective optimization model developed in this research work, concurrently satisfies sets of detailed fuel and emission limits, modeling in a more accurate way the fuel supply and environmental limitations and their complexities in the new deregulated operational environment. Development of the implementation software is an integral part of this research project. This software may be useful for both daily scheduling activities and short-term operational planning. A Lagrangian multipliers-based variant is used to solve the problem. Single line searches are used to update the multipliers, thus offering attractive execution times. This work also investigates the applicability of cooperative games to the problem of transmission cost allocation. Interest in game theory as a powerful

  20. Ethanol, Corn, and Soybean Price Relations in a Volatile Vehicle-Fuels Market

    Directory of Open Access Journals (Sweden)

    Cesar Escalante

    2009-06-01

    Full Text Available The rapid upward shift in ethanol demand has raised concerns about ethanol’s impact on the price level and volatility of agricultural commodities. The popular press attributes much of this volatility in commodity prices to a price bubble in ethanol fuel and recent deflation. Market economics predicts not only a softening of demand to high commodity prices but also a positive supply response. This volatility in ethanol and commodity prices are investigated using cointegration, vector error corrections (VECM, and multivariate generalized autoregressive conditional heteroskedascity (MGARCH models. In terms of derived demand theory, results support ethanol and oil demands as derived demands from vehicle-fuel production. Gasoline prices directly influence the prices of ethanol and oil. However, of greater significance for the fuel versus food security issue, results support the effect of agricultural commodity prices as market signals which restore commodity markets to their equilibriums after a demand or supply event (shock. Such shocks may in the short-run increase agricultural commodity prices, but decentralized freely operating markets will mitigate the persistence of these shocks. Results indicate in recent years there are no long-run relations among fuel (ethanol, oil and gasoline prices and agricultural commodity (corn and soybean prices.

  1. Accounting for fuel price risk when comparing renewable togas-fired generation: the role of forward natural gas prices

    Energy Technology Data Exchange (ETDEWEB)

    Bolinger, Mark; Wiser, Ryan; Golove, William

    2004-07-17

    Unlike natural gas-fired generation, renewable generation (e.g., from wind, solar, and geothermal power) is largely immune to fuel price risk. If ratepayers are rational and value long-term price stability, then--contrary to common practice--any comparison of the levelized cost of renewable to gas-fired generation should be based on a hedged gas price input, rather than an uncertain gas price forecast. This paper compares natural gas prices that can be locked in through futures, swaps, and physical supply contracts to contemporaneous long-term forecasts of spot gas prices. We find that from 2000-2003, forward gas prices for terms of 2-10 years have been considerably higher than most contemporaneous long-term gas price forecasts. This difference is striking, and implies that comparisons between renewable and gas-fired generation based on these forecasts over this period have arguably yielded results that are biased in favor of gas-fired generation.

  2. Estimation of Gasoline Price Elasticities of Demand for Automobile Fuel Efficiency in Korea: A Hedonic Approach

    Energy Technology Data Exchange (ETDEWEB)

    Lee, Sung Tae [Sungkyunkwan University, Seoul (Korea); Lee, Myunghun [Keimyung University, Taegu (Korea)

    2001-03-01

    This paper estimates the gasoline price elasticities of demand for automobile fuel efficiency in Korea to examine indirectly whether the government policy of raising fuel prices is effective in inducing less consumption of fuel, relying on a hedonic technique developed by Atkinson and Halvorsen (1984). One of the advantages of this technique is that the data for a single year, without involving variation in the price of gasoline, is sufficient in implementing this study. Moreover, this technique enables us to circumvent the multicollinearity problem, which had reduced reliability of the results in previous hedonic studies. The estimated elasticities of demand for fuel efficiency with respect to the price of gasoline, on average, is 0.42. (author). 30 refs., 3 tabs.

  3. Integrated maritime bunker management with stochastic fuel prices and new emission regulations

    OpenAIRE

    Gu, Yewen; Stein W. Wallace; Wang, Xin

    2016-01-01

    Maritime bunker management (MBM) controls the procurement and consumption of the fuels used on board and therefore manages one of the most important cost drivers in the shipping industry. At the operational level, a shipping company needs to manage its fuel consumption by making optimal routing and speed decisions for each voyage. But since fuel prices are highly volatile, a shipping company sometimes also needs to do tactical fuel hedging in the forward market to control risk and cost volati...

  4. Bulk Fuel Pricing: DOD Needs to Take Additional Actions to Establish a More Reliable Methodology

    Science.gov (United States)

    2015-11-19

    Defense Bulk Fuel Pricing: DOD Needs to Take Additional Actions to Establish a More Reliable Methodology Dear Secretary Carter: Each fiscal...that the Department of Defense (DOD) will charge for fuel, which the military services and other fuel customers use in developing their annual budget...official with the Office of the Under Secretary of Defense (Comptroller) who oversees DOD’s bulk fuel program told us that the department expects to

  5. Production Costs of Alternative Transportation Fuels. Influence of Crude Oil Price and Technology Maturity

    Energy Technology Data Exchange (ETDEWEB)

    Cazzola, Pierpaolo; Morrison, Geoff; Kaneko, Hiroyuki; Cuenot, Francois; Ghandi, Abbas; Fulton, Lewis

    2013-07-01

    This study examines the production costs of a range of transport fuels and energy carriers under varying crude oil price assumptions and technology market maturation levels. An engineering ''bottom-up'' approach is used to estimate the effect of the input cost of oil and of various technological assumptions on the finished price of these fuels. In total, the production costs of 20 fuels are examined for crude oil prices between USD 60 and USD 150 per barrel. Some fuel pathways can be competitive with oil as their production, transport and storage technology matures, and as oil price increases. Rising oil prices will offer new opportunities to switch to alternative fuels for transport, to diversify the energy mix of the transport sector, and to reduce the exposure of the whole system to price volatility and potential distuption of supply. In a time of uncertainty about the leading vehicle technology to decarbonize the transport sector, looking at the fuel cost brings key information to be considered to keep mobility affordable yet sustainable.

  6. Accounting for fuel price risk: Using forward natural gas prices instead of gas price forecasts to compare renewable to natural gas-fired generation

    Energy Technology Data Exchange (ETDEWEB)

    Bolinger, Mark; Wiser, Ryan; Golove, William

    2003-08-13

    Against the backdrop of increasingly volatile natural gas prices, renewable energy resources, which by their nature are immune to natural gas fuel price risk, provide a real economic benefit. Unlike many contracts for natural gas-fired generation, renewable generation is typically sold under fixed-price contracts. Assuming that electricity consumers value long-term price stability, a utility or other retail electricity supplier that is looking to expand its resource portfolio (or a policymaker interested in evaluating different resource options) should therefore compare the cost of fixed-price renewable generation to the hedged or guaranteed cost of new natural gas-fired generation, rather than to projected costs based on uncertain gas price forecasts. To do otherwise would be to compare apples to oranges: by their nature, renewable resources carry no natural gas fuel price risk, and if the market values that attribute, then the most appropriate comparison is to the hedged cost of natural gas-fired generation. Nonetheless, utilities and others often compare the costs of renewable to gas-fired generation using as their fuel price input long-term gas price forecasts that are inherently uncertain, rather than long-term natural gas forward prices that can actually be locked in. This practice raises the critical question of how these two price streams compare. If they are similar, then one might conclude that forecast-based modeling and planning exercises are in fact approximating an apples-to-apples comparison, and no further consideration is necessary. If, however, natural gas forward prices systematically differ from price forecasts, then the use of such forecasts in planning and modeling exercises will yield results that are biased in favor of either renewable (if forwards < forecasts) or natural gas-fired generation (if forwards > forecasts). In this report we compare the cost of hedging natural gas price risk through traditional gas-based hedging instruments (e

  7. Payback Period for Emissions Abatement Alternatives: Role of Regulation and Fuel Prices

    DEFF Research Database (Denmark)

    Zis, Thalis; Angeloudis, Panagiotis; Bell, Michael G. H.

    2016-01-01

    of the fuel used. This paper presents a literature review of emissions abatement options and relevant research in the field. A cost–benefit methodology to assess emission reduction investments from ship owners is also presented. A study examined the effects of recent drops in bunker fuel price to the payback...

  8. Payback Period for Emissions Abatement Alternatives: Role of Regulation and Fuel Prices

    DEFF Research Database (Denmark)

    Zis, Thalis; Angeloudis, Panagiotis; Bell, Michael G. H.;

    2016-01-01

    of the fuel used. This paper presents a literature review of emissions abatement options and relevant research in the field. A cost–benefit methodology to assess emission reduction investments from ship owners is also presented. A study examined the effects of recent drops in bunker fuel price to the payback...

  9. 48 CFR 15.406-2 - Certificate of current cost or pricing data.

    Science.gov (United States)

    2010-10-01

    ....406-2 Certificate of current cost or pricing data. (a) When certified cost or pricing data are required, the contracting officer shall require the contractor to execute a Certificate of Current Cost or... contract file. Certificate of Current Cost or Pricing Data This is to certify that, to the best of...

  10. Reimbursed Price of Orphan Drugs: Current Strategies and Potential Improvements.

    Science.gov (United States)

    Mincarone, Pierpaolo; Leo, Carlo Giacomo; Sabina, Saverio; Sarriá-Santamera, Antonio; Taruscio, Domenica; Serrano-Aguilar, Pedro Guillermo; Kanavos, Panos

    2017-01-01

    The pricing and reimbursement policies for pharmaceuticals are relevant to balance timely and equitable access for all patients, financial sustainability, and reward for valuable innovation. The proliferation of high-cost specialty medicines is particularly true in rare diseases (RDs) where the pricing mechanism is characterised by a lack of transparency. This work provides an overall picture of current strategies for the definition of the reimbursed prices of orphan drugs (ODs) and highlights some potential improvements. Current strategies and suggestions are presented along 4 dimensions: (1) comprehensive value assessment, (2) early dialogs among relevant stakeholders, (3) innovative reimbursement approaches, and (4) societal participation in producing ODs. Comprehensive value assessment could be achieved by clarifying the approach of distributive justice to adopt, ensuring a representative participation of stakeholders, and with a broad consideration of value-bearing factors. With respect to early dialogs, cross-border cooperation can be determinant to companies and agencies. The cost-benefit ratio of early dialogs needs to be demonstrated and the "regulatory capture" effect should be monitored. Innovative reimbursement approaches were developed to balance the need for evidence-based decisions with the timely access to innovative drugs. The societal participation in producing ODs needs to be recognised in a collaborating framework where adaptive agreements can be developed with mutual satisfaction. Such agreements could also impact on coverage and reimbursement decisions as additional elements for the determination of a comprehensive societal value of ODs. Further research is needed to investigate the highlighted open challenges so that RDs will not remain, in practical terms, orphan diseases. © 2017 S. Karger AG, Basel.

  11. Generic medicine pricing in Europe: current issues and future perspective.

    Science.gov (United States)

    Simoens, Steven

    2008-01-01

    This editorial discusses a number of trends affecting the pricing of generic medicines in Europe. With respect to pricing, recent evidence has emerged that European generic medicine manufacturers face competition from Indian manufacturers; that the price level of generic medicines varies substantially between European countries; and that generic medicine manufacturers engage in competition by discount rather than price competition in France, The Netherlands and the UK. These trends suggest that there may be scope for further reducing the prices of generic medicines in several countries. In relation to reference pricing, most European countries have incorporated market incentives within reference pricing systems with a view to promoting price competition. The European experience indicates that the generic medicines industry delivers competitive prices under a reference pricing system if demand-side policies are in place that stimulate physicians, pharmacists and patients to use generic medicines. Finally, caution needs to be exercised when focusing on the drivers of generic medicine pricing as these drivers not only vary between countries, but may also vary within a country. Manufacturers of originator and generic medicines do not take a single pricing approach following patent expiry, but vary their pricing strategy from molecule to molecule.

  12. Vehicle type choice under the influence of a tax reform and rising fuel prices

    DEFF Research Database (Denmark)

    Mabit, Stefan Lindhard

    2014-01-01

    Differentiated vehicle taxes are considered by many a useful tool for promoting environmentally friendly vehicles. Various structures have been implemented in several countries, e.g. Ireland, France, The Czech Republic, and Denmark. In many countries the tax reforms have been followed by a steep...... change in new vehicle purchases toward more diesel vehicles and more fuel-efficient vehicles. The paper analyses to what extent a vehicle tax reform similar to the Danish 2007 reform may explain changes in purchasing behaviour. The paper investigates the effects of a tax reform, fuel price changes......, and technological development on vehicle type choice using a mixed logit model. The model allows a simulation of the effect of car price changes that resemble those induced by the tax reform. This effect is compared to the effects of fuel price changes and technology improvements. The simulations show...

  13. Bio fuels price; El precio de los biocombustibles

    Energy Technology Data Exchange (ETDEWEB)

    Rotman, D.

    2008-07-01

    he process of producing ethanol from corn is very expensive. The best bio-fuel is very far from the service stations and the farmers show difficulties to change his work methods. Really have we a suitable technology to produce bio-fuels?.

  14. Price of Gas Fuels Tough Choices for Adjuncts

    Science.gov (United States)

    Grasgreen, Allie

    2008-01-01

    The cost of gasoline has made the art of juggling two or more teaching jobs at different institutions all the more difficult for many adjunct faculty members, as continuing price hikes at the nation's gasoline stations cut into salaries that often do not cover living expenses to begin with. These new pressures are particularly evident in…

  15. Effect of worldwide oil price fluctuations on biomass fuel use and child respiratory health: evidence from Guatemala.

    Science.gov (United States)

    Venkataramani, Atheendar S; Fried, Brian J

    2011-09-01

    We examined the effect of worldwide oil price fluctuations on household fuel use and child respiratory health in Guatemala. We regressed measures of household fuel use and child respiratory health on the average worldwide oil price and a rich set of covariates. We leveraged variation in oil prices over the 6-month period of the survey to identify associations between fuel prices, fuel choice, and child respiratory outcomes. A $1 (3.4% point) increase in worldwide fuel prices was associated with a 2.8% point decrease in liquid propane gasoline use (P increase in wood use (P increase in the likelihood of the child reporting a respiratory symptom (P prices and the fuel choice indicators was largest for households in the middle of the income distribution. Fluctuations in worldwide fuel prices affected household fuel use and, consequently, child health. Policies to help households tide over fuel price shocks or reduce pollution from biomass sources would confer positive health benefits. Such policies would be most effective if they targeted both poor and middle-income households.

  16. Fuel conservation under rational expectations of the energy price evolution

    Energy Technology Data Exchange (ETDEWEB)

    Wirl, F.

    1986-06-01

    It is supposed, that a consumer demands a 'service' rather than a commodity. This service can be generated from a durable and non-durable good, e.g., 'thermal comfort' is the product of two at least partially substitutable factors: fuel and capital (insulation, heating system). Now, the choice of an efficient fuel conservation programme requires that the consumers integrate the counteractions of the energy producers. This leads formally to a (differential) game situation, where it will be shown that the expansion of capital stock based on a myopic analysis may lead to a too large investment in fuel conservation.

  17. A prospective analysis of Brazilian biofuel economy: Land use, infrastructure development and fuel pricing policies

    Science.gov (United States)

    Nunez Amortegui, Hector Mauricio

    country components, ethanol and gasoline are assumed to be perfect substitutes and combined in accordance with the specified blending regulations to generate VKT. For gasoline, an upward sloping supply function is assumed for the U.S., while in the case of Brazil a perfectly elastic supply function is used reflecting the pricing policy implemented in recent years. Consumers' driving behavior and fuel choice are determined by the model in accordance with the composition of the vehicle fleets in both countries. The model also simulates the economic impacts of transportation infrastructure developments in Brazil, specifically the recently launched ethanol pipeline project which is expected to affect not only the price, production, consumption and trade of ethanol but also the land use changes in the country. All these factors are combined to assess the impacts on economic surplus and total direct Greenhouse Gas (GHG) emissions in the U.S. and Brazil. The model is calibrated for 2007 and markets conditions are projected to 2022 under different policy scenarios. Empirical results show that a free ethanol trade regime in the U.S. would reduce the domestic ethanol production, including both corn and cellulosic ethanol. The U.S. biofuel production would be consumed completely in the domestic market and part of the demand is met by imports. Brazil, on the other hand, would meet its domestic ethanol demand and export about half of its production to the U.S., China and the ROW to meet the biofuel mandates in those countries. With regards to the land use, the model results show that intensifying the current livestock systems in Brazil would release a significant amount of land for corn and soybean production, and sugarcane acreage would expand in the denominated "region of expansion". The livestock semi-intensification in Brazil, driven by the high world ethanol demand and considered as the only alternative to expand sugarcane area in this study, would reduce the aggregate GHG

  18. HOW IS CURRENT PHARMACEUTICALS PRICING POLICY ON GENERICS PERFORMING IN TURKEY REGARDING PRICE EROSION?

    Directory of Open Access Journals (Sweden)

    Kadir GÜRSOY

    2017-02-01

    Full Text Available Generics are commonly accepted to contribute significantly to treating disease by improving the affordability of pharmaceuticals. Once the patent expires for an originator brand, generics erode prices through creating fierce competition. The objective of this study is to investigate on Turkish pharmaceutical policies over generics through measuring how much they lower the prices, and then develop alternative strategies to maintain higher level of price reduction, and hence saving. Claims data from Turkish Social Security Institution (SSI for all ambulatory care drugs reimbursed were collected monthly in the period of January 2009 to December 2013 and for selected 12 equivalent groups price erosion and saving impacts due to generic entry be computed. Moreover, the price erosion for 15 generics entering the reimbursement list in 2012 as first generics was measured. For 12 equivalent groups constituting nearly 7% of SSI drug spending, the price erosion was nearly 41% ranging from 8% to 74%. In the first year of the first generic entry, on average the prices were only shrank by 39% with an increase of 41% in units sold. As a result of those analyses, it is concluded that Turkey is not maximizing its full potential with respect to generic medicines. Therefore, it is of great importance that policies such as therapeutic equivalence, tendering, and aggressive generic pricing policy to stimulate higher savings need to be introduced in the near future.

  19. The Value of Renewable Energy as a Hedge Against Fuel Price Risk: Analytic Contributions from Economic and Finance Theory

    Energy Technology Data Exchange (ETDEWEB)

    Bolinger, Mark A; Wiser, Ryan

    2008-09-15

    For better or worse, natural gas has become the fuel of choice for new power plants being built across the United States. According to the Energy Information Administration (EIA), natural gas-fired units account for nearly 90% of the total generating capacity added in the U.S. between 1999 and 2005 (EIA 2006b), bringing the nationwide market share of gas-fired generation to 19%. Looking ahead over the next decade, the EIA expects this trend to continue, increasing the market share of gas-fired generation to 22% by 2015 (EIA 2007a). Though these numbers are specific to the US, natural gas-fired generation is making similar advances in many other countries as well. A large percentage of the total cost of gas-fired generation is attributable to fuel costs--i.e., natural gas prices. For example, at current spot prices of around $7/MMBtu, fuel costs account for more than 75% of the levelized cost of energy from a new combined cycle gas turbine, and more than 90% of its operating costs (EIA 2007a). Furthermore, given that gas-fired plants are often the marginal supply units that set the market-clearing price for all generators in a competitive wholesale market, there is a direct link between natural gas prices and wholesale electricity prices. In this light, the dramatic increase in natural gas prices since the 1990s should be a cause for ratepayer concern. Figure 1 shows the daily price history of the 'first-nearby' (i.e., closest to expiration) NYMEX natural gas futures contract (black line) at Henry Hub, along with the futures strip (i.e., the full series of futures contracts) from August 22, 2007 (red line). First, nearby prices, which closely track spot prices, have recently been trading within a $7-9/MMBtu range in the United States and, as shown by the futures strip, are expected to remain there through 2012. These price levels are $6/MMBtu higher than the $1-3/MMBtu range seen throughout most of the 1990s, demonstrating significant price escalation for

  20. The Value of Renewable Energy as a Hedge Against Fuel Price Risk: Analytic Contributions from Economic and Finance Theory

    Energy Technology Data Exchange (ETDEWEB)

    Bolinger, Mark A; Wiser, Ryan

    2008-09-15

    For better or worse, natural gas has become the fuel of choice for new power plants being built across the United States. According to the Energy Information Administration (EIA), natural gas-fired units account for nearly 90% of the total generating capacity added in the U.S. between 1999 and 2005 (EIA 2006b), bringing the nationwide market share of gas-fired generation to 19%. Looking ahead over the next decade, the EIA expects this trend to continue, increasing the market share of gas-fired generation to 22% by 2015 (EIA 2007a). Though these numbers are specific to the US, natural gas-fired generation is making similar advances in many other countries as well. A large percentage of the total cost of gas-fired generation is attributable to fuel costs--i.e., natural gas prices. For example, at current spot prices of around $7/MMBtu, fuel costs account for more than 75% of the levelized cost of energy from a new combined cycle gas turbine, and more than 90% of its operating costs (EIA 2007a). Furthermore, given that gas-fired plants are often the marginal supply units that set the market-clearing price for all generators in a competitive wholesale market, there is a direct link between natural gas prices and wholesale electricity prices. In this light, the dramatic increase in natural gas prices since the 1990s should be a cause for ratepayer concern. Figure 1 shows the daily price history of the 'first-nearby' (i.e., closest to expiration) NYMEX natural gas futures contract (black line) at Henry Hub, along with the futures strip (i.e., the full series of futures contracts) from August 22, 2007 (red line). First, nearby prices, which closely track spot prices, have recently been trading within a $7-9/MMBtu range in the United States and, as shown by the futures strip, are expected to remain there through 2012. These price levels are $6/MMBtu higher than the $1-3/MMBtu range seen throughout most of the 1990s, demonstrating significant price escalation for

  1. Comparative analysis of US and Canadian transit ridership response to rising fuel prices

    Energy Technology Data Exchange (ETDEWEB)

    Haire, A.R.; Machemeehl, R.B. [Texas Univ., Austin, TX (United States)

    2007-07-01

    Since worldwide gasoline prices have risen significantly over the last three years, several transit agencies have indicated that fuel price growth is the major impetus to increased transit ridership. This paper presented the results of a research project that builds upon previous research conducted in 2006 which found high correlation between fuel price and transit ridership in several historically auto-based United States cities. This comparative research attempted to determine whether a similar pattern of fuel cost-driven mode choice could be observed in three Canadian cities. The selected cities, Calgary, Ottawa, and Vancouver, were chosen based on their relative levels of auto-orientation and the extent and variety of transit services offered. It was concluded that although ridership and fuel prices grew in all three cities, the rates of growth do not correspond and correlation is unlikely. Reasons for this inconsistency with patterns in American cities may involve higher-density city layouts and commute distances. 3 refs., 3 tabs., 7 figs.

  2. Long term fuel price elasticity: effects on mobility tool ownership and residential location choice - Final report

    Energy Technology Data Exchange (ETDEWEB)

    Erath, A.; Axhausen, K. W.

    2010-04-15

    This comprehensive final report for the Swiss Federal Office of Energy (SFOE) examines the long-term effects of fuel price elasticity. The study analyses how mobility tool usage and ownership as well as residence location choice are affected by rising fuel costs. Based on econometric models, long-term fuel price elasticity is derived. The authors quote that the demand reactions to higher fuel prices mainly observed are the reduction of mileage and the consideration of smaller-engined and diesel-driven cars. As cars with natural gas powered engines and electric drives were hardly considered in the survey, the results of the natural gas model can, according to the authors, only serve as a trend. No stable model could be estimated for the demand and usage of electric cars. A literature overview is presented and the design of the survey is discussed, whereby socio-demographical variables and the effects of price and residence changes are discussed. Modelling of mobility tool factors and results obtained are looked at. Finally, residence choice factors are modelled and discussed. Several appendices complete the report.

  3. The Economy-wide Impact of Fuel Oil, Gas and Electricity Pricing and Subsidy Policies as well as Their Consumption Improvement Efficiency in Indonesia

    OpenAIRE

    Djoni Hartono; Budy P. Resosudarmo

    2006-01-01

    In Indonesia, the government determines the domestic prices of energy; namely fuel oil, such as gasoline, automotive diesel oil (ADO) and kerosene, gas and electricity. In response to the weakening of rupiah during the 1997/1998 economic crisis and the increasing of the world price of crude oil, the government tends to increase the energy subsidy on domestic prices of fuel oil, gas and electricity, rather than letting these domestic prices follows the world prices of fuel oil, gas and electri...

  4. Methods of economic analysis applied to fusion research: discount rate determination and the fossil fuel price effect

    Energy Technology Data Exchange (ETDEWEB)

    1978-09-25

    In current and previous efforts, ECON has provided a preliminary economic assessment of a fusion research program. Part of this effort was the demonstration of a methodology for the estimation of reactor system costs and risk and for the treatment of program alternatives as a series of steps (tests) to buy information, thereby controlling program risk and providing a sound economic rationale for properly constructed research programs. The first phase of work also identified two areas which greatly affect the overall economic evaluation of fusion research and which warranted further study in the second phase. This led to the two tasks of the second phase reported herein: (1) discount rate determination and (2) evaluation of the effect of the expectation of the introduction of fusion power on current fossil fuel prices. In the first task, various conceptual measures of the social rate of discount were reviewed and critiqued. In the second task, a benefit area that had been called out by ECON was further examined. Long-range R and D yields short-term benefits in the form of lower nonrenewable energy resource prices because the R and D provides an expectation of future competition for the remaining reserves at the time of technology availability. ECON developed a model of optimal OPEC petroleum pricing as a function of the expectation of future competing technologies. It was shown that the existence of this expectation lowers the optimal OPEC export price and that accelerated technology R and D programs should provide further price decreases. These price reductions translate into benefits to the U.S. of at least a billion dollars.

  5. Apples with apples: accounting for fuel price risk in comparisons of gas-fired and renewable generation

    Energy Technology Data Exchange (ETDEWEB)

    Bolinger, Mark; Wiser, Ryan

    2003-12-18

    For better or worse, natural gas has become the fuel of choice for new power plants being built across the United States. According to the US Energy Information Administration (EIA), natural gas combined-cycle and combustion turbine power plants accounted for 96% of the total generating capacity added in the US between 1999 and 2002--138 GW out of a total of 144 GW. Looking ahead, the EIA expects that gas-fired technology will account for 61% of the 355 GW new generating capacity projected to come on-line in the US up to 2025, increasing the nationwide market share of gas-fired generation from 18% in 2002 to 22% in 2025. While the data are specific to the US, natural gas-fired generation is making similar advances in other countries as well. Regardless of the explanation for (or interpretation of) the empirical findings, however, the basic implications remain the same: one should not blindly rely on gas price forecasts when comparing fixed-price renewable with variable-price gas-fired generation contracts. If there is a cost to hedging, gas price forecasts do not capture and account for it. Alternatively, if the forecasts are at risk of being biased or out of tune with the market, then one certainly would not want to use them as the basis for resource comparisons or investment decisions if a more certain source of data (forwards) existed. Accordingly, assuming that long-term price stability is valued, the most appropriate way to compare the levelized cost of these resources in both cases would be to use forward natural gas price data--i.e. prices that can be locked in to create price certainty--as opposed to uncertain natural gas price forecasts. This article suggests that had utilities and analysts in the US done so over the sample period from November 2000 to November 2003, they would have found gas-fired generation to be at least 0.3-0.6 cents/kWh more expensive (on a levelized cost basis) than otherwise thought. With some renewable resources, in particular wind

  6. Microbial Fuel Cells, A Current Review

    Directory of Open Access Journals (Sweden)

    Kelly P. Nevin

    2010-04-01

    Full Text Available Microbial fuel cells (MFCs are devices that can use bacterial metabolism to produce an electrical current from a wide range organic substrates. Due to the promise of sustainable energy production from organic wastes, research has intensified in this field in the last few years. While holding great promise only a few marine sediment MFCs have been used practically, providing current for low power devices. To further improve MFC technology an understanding of the limitations and microbiology of these systems is required. Some researchers are uncovering that the greatest value of MFC technology may not be the production of electricity but the ability of electrode associated microbes to degrade wastes and toxic chemicals. We conclude that for further development of MFC applications, a greater focus on understanding the microbial processes in MFC systems is required.

  7. Pricing Data: A Look at Past Proposals, Current Plans, and Future Trends

    CERN Document Server

    Sen, Soumya; Ha, Sangtae; Chiang, Mung

    2012-01-01

    Traditionally, network operators have only used simple flat-rate unlimited data plans to vie for customers. But today, with the popularity of mobile devices and exponential growth of apps, videos, and clouds, service providers are gradually moving towards more sophisticated pricing schemes, including dynamic pricing. This decade will therefore likely witness a major shift in network pricing schemes. However, there are several unique challenges with the dynamic pricing of mobile data, including new system requirements and social adoption. This paper reviews some of the well known past pricing proposals (both static and dynamic), their current realization in various data plans, and new research directions. Unlike a traditional survey, this work is an attempt to explore benefits and challenges of pricing plans that are currently being used by ISPs in different parts of the world so as to facilitate the networking community's efforts in recognizing trends and shaping an appropriate research agenda.

  8. Why are current world food prices so high? : a memo

    NARCIS (Netherlands)

    Banse, M.A.H.; Nowicki, P.L.; Meijl, van H.

    2008-01-01

    World agricultural prices are very volatile which is due to traditional characteristics of agricultural markets such as inelastic (short run) supply and demand curves. A combination of record low global inventory levels, weather induced supply side shocks, surging outside investor influence, record

  9. Prices of agricultural commodities, biofuels and fossil fuels in long-run relationships: a comparative study for the USA and Europe

    DEFF Research Database (Denmark)

    Groth, Tanja; Bentzen, Jan

    2013-01-01

    Time-series data for the USA and Europe representing prices of agricultural commodities, biofuels and fossil fuels are used for a comparative analysis of long-run price relationships. There is some evidence for cointegration between ethanol and gasoline, especially for the USA, and in the case of...... of biodiesel, stronger evidence of cointegration between biodiesel, diesel and soya oil for both the USA and Europe. Finally, biofuel prices do not seem to influence agricultural commodity prices or fossil fuel prices....

  10. Gasoline prices, gasoline consumption, and new-vehicle fuel economy: Evidence for a large sample of countries

    OpenAIRE

    Paul J Burke; Shuhei Nishitateno

    2011-01-01

    Countries differ considerably in terms of the price drivers pay for gasoline. This paper uses data for a large sample of countries to provide new evidence on the implications of these differences for the consumption of gasoline for road transport and the fuel economy of new vehicles. To address the potential for simultaneity bias in ordinary least squares estimation, we use a country's oil reserves as an instrument for its average gasoline pump price. We obtain estimates of the long-run price...

  11. Protozoan grazing reduces the current output of microbial fuel cells.

    Science.gov (United States)

    Holmes, Dawn E; Nevin, Kelly P; Snoeyenbos-West, Oona L; Woodard, Trevor L; Strickland, Justin N; Lovley, Derek R

    2015-10-01

    Several experiments were conducted to determine whether protozoan grazing can reduce current output from sediment microbial fuel cells. When marine sediments were amended with eukaryotic inhibitors, the power output from the fuel cells increased 2-5-fold. Quantitative PCR showed that Geobacteraceae sequences were 120 times more abundant on anodes from treated fuel cells compared to untreated fuel cells, and that Spirotrichea sequences in untreated fuel cells were 200 times more abundant on anode surfaces than in the surrounding sediments. Defined studies with current-producing biofilms of Geobacter sulfurreducens and pure cultures of protozoa demonstrated that protozoa that were effective in consuming G. sulfurreducens reduced current production up to 91% when added to G. sulfurreducens fuel cells. These results suggest that anode biofilms are an attractive food source for protozoa and that protozoan grazing can be an important factor limiting the current output of sediment microbial fuel cells.

  12. A Study on the Current Oil and Gas Price Formula and Its Improvement

    Energy Technology Data Exchange (ETDEWEB)

    Park, Chang Won; Lee, Young Koo [Korea Energy Economics Institute, Euiwang (Korea)

    2000-12-01

    The object of this study is to suggest some improvements on current price formulas on oil and gas which have been pivotal roles in the process of Korean economic growth. This study first examines basic frames and transition of oil and gas pricing in Korea and then finds some suggestions on them by scrutinizing their theoretical backgrounds. This study finds several problems on oil and gas pricing formulas. (a) In a model that is now studied to evaluate the current domestic oil price, the costs associated with oil security such as oil stockpile are fully penetrated into oil price without their fair evaluations. There is no evaluation principle on the costs occurred in oil supply security. (b) The Rate Of Equity(ROE), a crucial factor in town-gas pricing which is strictly controlled, is directly connected to the average interest rate on saving accounts of domestic commercial banks. Some arguments may have rise about inclusion a risk factor on ROE in order to compensate the uncertainty of town-gas business. (c) New demand for natural gas which is generated by new technologies or machinery and tools can help reduce the costs occurred from seasonal imbalance between power sector and gas sector. So it is also important to decide how to include the beneficiary of cost reduction in town-gas pricing. In order to evaluate the proper price levels, this study tests energy supply security by adopting methodologies such as Herfindahl Index and Portfolio Variance Risk. They can help develop the method to effectively improve the energy security and include the proper energy security costs into energy prices. This study also provides some suggestions for betterment of current ROE decision rule in town-gas business and for improvement of current town-gas policy that government subsidizes newly developed demand for strengthening price competitiveness in the early stage. (author). 145 refs., 16 figs., 49 tabs.

  13. Oil prices and current account: A structural analysis for the Turkish economy

    Energy Technology Data Exchange (ETDEWEB)

    Ozlale, Umit, E-mail: ozlale@etu.edu.t [TOBB University of Economics and Technology, Department of Economics, Soeguetoezue, 06533, Ankara (Turkey); Pekkurnaz, Didem [Department of Economics, University of North Carolina at Chapel Hill, NC 27599, Chapel Hill (United States)

    2010-08-15

    Although there has been an increasing number of studies about the effects of oil prices on the macroeconomic performances, the literature on the interaction between oil prices and current account is limited, especially for oil importing developing countries. This paper analyzes the impact of oil prices on the current account balances for the Turkish economy using a structural vector autoregression model. Our model allows us to identify the net effect of oil prices on current account balances after controlling for other factors such as output gap and exchange rate misalignment. The results show that the response of current account ratio to oil price shock increases gradually up to the first three months and then starts to decrease, which indicates a significant effect of oil price shocks in the short-run. Moreover, when the obtained structural shocks are employed in a simple regression analysis, the parameter regarding the oil price shocks is found to be negative and statistically significant. The final section discusses the policy implications of the results.

  14. Oil prices and current account. A structural analysis for the Turkish economy

    Energy Technology Data Exchange (ETDEWEB)

    Oezlale, Uemit [TOBB University of Economics and Technology, Department of Economics, Soeguetoezue, 06533, Ankara (Turkey); Pekkurnaz, Didem [Department of Economics, University of North Carolina, Chapel Hill, NC (United States)

    2010-08-15

    Although there has been an increasing number of studies about the effects of oil prices on the macroeconomic performances, the literature on the interaction between oil prices and current account is limited, especially for oil importing developing countries. This paper analyzes the impact of oil prices on the current account balances for the Turkish economy using a structural vector autoregression model. Our model allows us to identify the net effect of oil prices on current account balances after controlling for other factors such as output gap and exchange rate misalignment. The results show that the response of current account ratio to oil price shock increases gradually up to the first three months and then starts to decrease, which indicates a significant effect of oil price shocks in the short-run. Moreover, when the obtained structural shocks are employed in a simple regression analysis, the parameter regarding the oil price shocks is found to be negative and statistically significant. The final section discusses the policy implications of the results. (author)

  15. PRICE TRANSMISSION AND HOUSEHOLDS DEMAND ELASTICITY FOR FROZEN FISH UNDER FUEL SUBSIDY REFORM IN DELTA STATE, NIGERIA

    Directory of Open Access Journals (Sweden)

    Achoja Felix Odemero

    2013-07-01

    Full Text Available Fuel subsidy removal is assumed to translate to general increase in the cost of operating business such as fish marketing.The response of price of fish and corresponding demand elasticity are welfare issues worthy of investigation in Nigeria. The present study evaluates price transmission in fish marketing system by analysing the response of fish market indices to fuel subsidy reform in Nigeria. Primary data collected with structured questionnaire from purposively selected 78 frozen fish marketers, were analysed with descriptive statistics and regression model. A test of hypothesis shows a significant price transmission of about 100% (P < 0.05. Marketing cost increased by 31.8% and profitability dropped by 24.20%, confirming negative effect of new price regime. The result further revealed a 0.05% drop in quantity of frozen fish demanded by households. It was recommended that economic measures should be introduced by the government to cushion the effect of fuel policy removal.

  16. Regarding fuel prices and automobility. A brief analysis of price and cost elasticities; Over brandstofprijzen en automobiliteit. Een beknopte analyse van prijs- en kostenelasticiteit

    Energy Technology Data Exchange (ETDEWEB)

    Groot, W.

    2012-01-15

    Car drivers do not drive significantly less when fuel prices at the pump rise. If fuel prices increase by approximately 12.5 percent, the long-term decrease in car kilometres travelled is just 2.5 percent. Higher fuel prices have also not resulted in a more fuel-efficient 'car fleet' (i.e. the range of available car model types). The fuel consumption rate per kilometre remained relatively constant from the late 1980s to 2009, although recent years have seen a marked improvement in the per kilometre fuel consumption rate, as measured in CO2 emissions of new passenger cars. These were the findings of the title study, conducted by the KiM Netherlands Institute for Transport Policy Analysis. This study was based on data covering the period 1980 to 2009. The majority of the definitive effects of higher fuel prices revealed in this study were less pronounced than the effects previously cited in available literature, especially with regard to the long-term effects [Dutch] Uit de titel studie blijkt dat automobilisten in beperkte mate minder gaan rijden als de brandstofprijzen aan de pomp stijgen. Een stijging van de benzineprijs met ongeveer 12,5 procent leidt op langere termijn tot een vermindering van de hoeveelheid afgelegde kilometers met 2,5 procent. De hoge brandstofprijzen hebben ook niet geleid tot een zuiniger wagenpark. Het benzineverbruik per kilometer is tussen het eind van de jaren tachtig en 2009 vrijwel gelijk gebleven. Met als kanttekening dat in de meest recente jaren sprake is van een zichtbare verbetering van het verbruik per kilometer, afgemeten aan de CO2-uitstoot van nieuwe personenauto's. Het KiM heeft zich in de studie gebaseerd op cijfers over de periode 1980-2009. De meeste in het onderzoek vastgestelde effecten van hogere benzineprijzen zijn kleiner dan de effecten die in de beschikbare literatuur zijn aangetroffen. Dit geldt vooral voor de effecten op de lange termijn.

  17. 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.

  18. 18 CFR Appendix A 1 to Part 281 - Comparison of Selected Fuel Price Data, FPC Form No. 423 Versus Monthly Energy Review, 1976...

    Science.gov (United States)

    2010-04-01

    ... Fuel Price Data, FPC Form No. 423 Versus Monthly Energy Review, 1976-January 1980 A Appendix A 1 to... Selected Fuel Price Data, FPC Form No. 423 Versus Monthly Energy Review, 1976—January 1980 1 As reported in DOE/EIA Energy Data Report entitled Cost and Quality of Fuels for Electric Utility Plants...

  19. Price elasticity of Swiss motor fuel demand; Elasticite-prix de la demande d'essence en Suisse

    Energy Technology Data Exchange (ETDEWEB)

    Baranzini, A. [Haute Ecole de Gestion de Geneve (HEG-Geneve), Centre de Recherche Appliquee en Gestion (CRAG), Carouge (Switzerland); Neto, D.; Weber, S. [Universite de Geneve, Laboratoire d' Economie Appliquee (LEA), Geneve (Switzerland)

    2009-07-15

    This report for the Swiss Federal Office of Energy (SFOE) by the University of Geneva takes a look at the price elasticity of motor fuel demand in Switzerland. Macro-economic data on petrol and diesel consumption is used to calculate short and long-term price elasticity. Various factors that have an influence on prices are discussed. Data for the period 1970 - 2008 is used. A method developed by Engle and Granger is used to examine short and long-term developments in this area. A large number of variables are used in mathematical models to explain price developments. The methods used are described and the results are presented in tabular form. Various external effects such the oil-price shocks and price developments in neighbouring countries are examined.

  20. The continuing rationale for Full and timely recovery of fuel price levels in fuel adjustment clauses

    Energy Technology Data Exchange (ETDEWEB)

    Meehan, Eugene T.; Olson, Wayne P.; Strunk, Kurt

    2008-07-15

    Rate mechanisms that allow for more frequent automatic changes to rates to reflect changing fuel and purchased power costs can reduce the need for full-blown rate cases. With a clear and relatively simple framework, utilities and customers can understand and properly manage their energy costs. (author)

  1. Fuel cells: a survey of current developments

    Science.gov (United States)

    Cropper, Mark A. J.; Geiger, Stefan; Jollie, David M.

    Since the first practical uses of fuel cells were developed, it has become clear that they could find use in many products over a wide power range of milliwatts to tens of megawatts. Throughout the 1990s, and later, there has been significant work carried out on adapting the various different fuel cell technologies for use in targetted consumer and industrial applications. This paper discusses these developments and gives details on the specific market segments for providing power to vehicles, portable devices and large- and small-scale stationary power generation.

  2. Existence of a current price as a precondition for abstract method for calculating damages in international and Serbian sales law

    Directory of Open Access Journals (Sweden)

    Fišer-Šobot Sandra

    2014-01-01

    Full Text Available If the contract is avoided and there is a current price for the goods, the party claiming damages may recover the difference between the price fixed by the contract and the current price at specific time and at specific place. Abstract calculation of loss is possible only when the contract goods have current price. Current price is the price generally charged for such goods sold under comparable circumstances in the trade concerned. According to the CISG and Serbian Law of Obligations, for the determination of the current price is relevant time of avoidance. This general rule is not applicable in international sales law when the party claiming damages has avoided the contract after taking over the goods. In that case, the current price at the time of taking over shall be applicable instead of the current price at the time of avoidance. Current price rule contained in the Art. 76(2 of the CISG presupposes that the current price is the price prevailing at the place where the delivery of the goods should have been made, or if there is no current price at the place, the price at such other place as serves as a reasonable substitute, making due allowance for differences in the cost of transporting the goods. Pursuant to Art. 524(2 Of Serbian Law of Obligations, however, relevant is the price in the market of the place of effecting the transaction. Formulation place of effecting the transaction is unclear and vague and can create different problems. Therefore, this rule should be amended and the relevant place should be the place of delivery.

  3. The substitutive effect of biofuels on fossil fuels in the lower and higher crude oil price periods

    Energy Technology Data Exchange (ETDEWEB)

    Chang, Ting-Huan [Energy and Environment Research Laboratories, Industrial Technology Research Institute, Hsinchu County 310 (China); Department of Banking and Finance, Tamkang University, No.151, Ying-Chuan Road, Taipei County 251 (China); Su, Hsin-Mei [Department of Banking and Finance, Tamkang University, No.151, Ying-Chuan Road, Taipei County 251 (China)

    2010-07-15

    Various biofuels, including bioethanol and biodiesel are technologically being considered replacements for fossil fuels, such as the conventional gasoline and diesel. This paper aims to measure whether economic substitutability can be generated during periods of higher and/or lower prices of crude oil. The empirical results of the bivariate EGARCH model prove that this substitutive effect was occurred during the higher crude oil price period due to the significant price spillover effects from crude oil futures to corn and soybean futures, indicating that the increase in food prices can be attributed to more consumption of biofuels. We suggest more extensive research in the search for fuel alternatives from inedible feedstock such as pongamia, jojoba, jatropha, especially the 2nd generation biofuel technologies such as algae-based biofuels. (author)

  4. Current Comparison of Advanced Nuclear Fuel Cycles

    Energy Technology Data Exchange (ETDEWEB)

    Steven Piet; Trond Bjornard; Brent Dixon; Robert Hill; Gretchen Matthern; David Shropshire

    2007-04-01

    This paper compares potential nuclear fuel cycle strategies – once-through, recycling in thermal reactors, sustained recycle with a mix of thermal and fast reactors, and sustained recycle with fast reactors. Initiation of recycle starts the draw-down of weapons-usable material and starts accruing improvements for geologic repositories and energy sustainability. It reduces the motivation to search for potential second geologic repository sites. Recycle in thermal-spectru

  5. Gas prices and fuel efficiency in the U.S. automobile industry: Policy implications of endogenous product choice

    Science.gov (United States)

    Gramlich, Jacob Pleune

    I develop, estimate, and utilize an economic model of the U.S. automobile industry. I do so to address policy questions concerning automotive fuel efficiency (the relationship between gasoline used and distance traveled). Fuel efficiency has played a prominent role in our domestic energy policy for over 30 years. Recently it has received even more attention due to rising gas prices and concern over the environment and energy dependence. The model gives quantitative predictions for market fuel efficiency at various gas prices and taxes. The model makes contributions that are both methodological and policy based, and the two chapters of the dissertation focus on each in turn. The first chapter discusses the economic model of the U.S. automobile industry. The model allows firms to choose the fuel efficiency of their new vehicles, which allows me to predict fuel efficiency responses to policy and market conditions. These predictions were not possible with previous economic models which held fuel efficiency fixed. In the model, consumers care more about fuel efficiency when gas prices are high, and firms face a technological tradeoff between providing fuel efficiency and other quality. The level of the gas price, therefore, working through consumer demand, shifts firms' optimal locations along this technology frontier. Demand is nested logit, supply is differentiated products oligopoly, and data are from the U.S. automobile market from 1971-2007. In addition to endogenizing product choice, I also contribute to the modeling literature by relaxing restrictive identifying assumptions and obtaining more realistic estimates of fuel efficiency preference. The model predicts sales declines and compositions from the summer of 2008 with reasonable success. The second chapter discusses two counterfactual policy scenarios: maintained summer 2008 gas prices, and achieving 35 mpg (miles per gallon). At 3.43 per gallon (the summer 2008 price, 23% above 2007), the model predicts

  6. Current interruption measurement and analysis for PEM fuel cell

    Energy Technology Data Exchange (ETDEWEB)

    Sun, J.C.; Yuan, X.; Wang, H. [National Research Council of Canada, Vancouver, BC (Canada). Inst. for Fuel Cell Innovation

    2007-07-01

    The ohmic resistance, charge transfer resistance and the capacity discharge limit of proton exchange membrane (PEM) fuel cells can be evaluated and characterized by a newly developed, low cost, current interruption measuring method. This paper presented the results of a study in which the current interruption measurement for a PEM fuel cell was set up and proven through measurements with a dummy cell. The current interruption characteristics of a 500 W PEM fuel cell stack with an active area of 280 cm{sup 2} was measured using the National Instrument PCI data acquisition unit combined with a TDI electronics load-bank and a FuelCon test station, at different load currents. The ohmic loss of the stack determined by current interruption measurements was in good agreement with that determined by AC impedance spectroscopy. The same setup was shown to be effective for single cell measurements of a small PEM fuel cell and for a PEM fuel cell stack with a load bank. It was concluded that the current interruption measurement is much faster than the AC impedance method, but has lower accuracy, particularly for a signal with high noise. 1 ref., 10 figs.

  7. Fuel prices scenario generation based on a multivariate GARCH model for risk analysis in a wholesale electricity market

    Energy Technology Data Exchange (ETDEWEB)

    Batlle, C.; Barquin, J. [Universidad Pontifica Comillas, Madrid (Spain). Instituto de Investigacion Tecnologica

    2004-05-01

    This paper presents a fuel prices scenario generator in the frame of a simulation tool developed to support risk analysis in a competitive electricity environment. The tool feeds different erogenous risk factors to a wholesale electricity market model to perform a statistical analysis of the results. As the different fuel series that are studied, such as the oil or gas ones, present stochastic volatility and strong correlation among them, a multivariate Generalized Autoregressive Conditional Heteroskedastic (GARCH) model has been designed in order to allow the generation of future fuel prices paths. The model makes use of a decomposition method to simplify the consideration of the multidimensional conditional covariance. An example of its application with real data is also presented. (author)

  8. A CAUSAL RELATIONSHIP BETWEEN OIL PRICES CURRENT ACCOUNT DEFICIT, AND ECONOMIC GROWTH: AN EMPIRICAL ANALYSIS FROM FRAGILE FIVE COUNTRIES

    Directory of Open Access Journals (Sweden)

    Yuksel BAYRAKTAR

    2016-09-01

    Full Text Available The main objective of this study is to determine the impact of oil prices in the Fragile-Five countries (Brazil, Indonesia, South Africa, India, and Turkey on current account deficit and growth. In this study, the method of panel data analysis was used and the period of 1980-2014 was examined. The Levin, Lin, & Chu panel; Im, Pesaran, and Shin W-stat; ADF-Fisher Chi-square; and PP-Fisher Chi-square unit root tests were used to determine the stability of data before panel data analysis. The results of the study can be expressed as follows. i There was a statistically meaningful relationship in oil prices with both GDP and the current account deficit. While there was a positive correlation between oil prices and GDP, there was a negative relationship between oil prices and current account deficit. ii No long-term relationship was found between GDP and oil prices; there was a long-term relationship between current account deficit and oil prices as determined by the cointegration tests. iii Causality test also showed the presence of a bidirectional relationship between GDP and oil prices.  Causality between oil prices and the current account deficit was one-way from the variable of oil price to the variable of current account deficit.

  9. Describing current and potential markets for alternative-fuel vehicles

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1996-03-26

    Motor vehicles are a major source of greenhouse gases, and the rising numbers of motor vehicles and miles driven could lead to more harmful emissions that may ultimately affect the world`s climate. One approach to curtailing such emissions is to use, instead of gasoline, alternative fuels: LPG, compressed natural gas, or alcohol fuels. In addition to the greenhouse gases, pollutants can be harmful to human health: ozone, CO. The Clean Air Act Amendments of 1990 authorized EPA to set National Ambient Air Quality Standards to control this. The Energy Policy Act of 1992 (EPACT) was the first new law to emphasize strengthened energy security and decreased reliance on foreign oil since the oil shortages of the 1970`s. EPACT emphasized increasing the number of alternative-fuel vehicles (AFV`s) by mandating their incremental increase of use by Federal, state, and alternative fuel provider fleets over the new few years. Its goals are far from being met; alternative fuels` share remains trivial, about 0.3%, despite gains. This report describes current and potential markets for AFV`s; it begins by assessing the total vehicle stock, and then it focuses on current use of AFV`s in alternative fuel provider fleets and the potential for use of AFV`s in US households.

  10. Westinghouse accident tolerant fuel program. Current results and future plans

    Energy Technology Data Exchange (ETDEWEB)

    Ray, Sumit; Xu, Peng; Lahoda, Edward; Hallstadius, Lars; Boylan, Frank [Westinghouse Electric Company LLC, Hopkins, SC (United States)

    2016-07-15

    This paper discusses the current status, results from initial tests, as well as the future direction of the Westinghouse's Accident Tolerant Fuel (ATF) program. The current preliminary testing is addressed that is being performed on these samples at the Massachusetts Institute of Technology (MIT) test reactor, initial results from these tests, as well as the technical learning from these test results. In the Westinghouse ATF approach, higher density pellets play a significant role in the development of an integrated fuel system.

  11. Fuel Cell Buses in U.S. Transit Fleets: Current Status 2009

    Energy Technology Data Exchange (ETDEWEB)

    Eudy, L.; Chandler, K.; Gikakis, C.

    2009-10-01

    This report documents progress in meeting the technological challenges of fuel cell propulsion for transportation based on current fuel cell transit bus demonstrations and plans for more fuel cell transit buses and hydrogen infrastructure.

  12. Impact of the flex-fuel vehicle on the prices formation and regulation in Brazil; Analise do impacto dos veiculos flex-fuel na formacao e regulacao de precos de combustiveis veiculares no Brasil

    Energy Technology Data Exchange (ETDEWEB)

    Buscarini, Rodolfo Jose Galvao [Universidade Estadual de Campinas (IE/UNICAMP), SP (Brazil). Inst. de Economia; Cesca, Igor Gimenes [Universidade Estadual de Campinas (DEP/FEM/UNICAMP), SP (Brazil). Fac. de Engenharia Mecanica. Dept. de Engenharia de Petroleo

    2012-07-01

    The main fuels for vehicles in Brazil are the gasoline type C - which is a mixture of gasoline, resulting from the fractional distillation of oil and anhydrous ethanol - and hydrated ethanol. For this importance, has been created an institutional framework to guide and regulate the activities of the fuel sector, initially for gasoline, hydrated ethanol was contemplated by such device in 2011. Since 2003, there has been manufactured in Brazil the flex-fuel vehicles. With this, the possibility of activation of an additional factor for the regulation of vehicle fuel prices, increasing consumer power to define which of the fuels could be used as the disposition of their prices. One of the effects of growth flex-fuel sales has been increased production and investment in ethanol (especially sugar cane) as a suitable alternative to the. The hope was that the formation of fuel prices was less dependent on their cost of production and distribution and more influenced by a pressure of consumer demand. However, the increase in the sales of the flex-fuel vehicle in Brazil in the last years was not the determining factor in the price of fuels, as it was expected. The explanation of this is on external factors to the automotive industry, linked to the structures of the production chain of oil and ethanol, especially the question of the great increase in international prices of oil and hydrated ethanol in the international market in recent years. (author)

  13. APPLICATIONS OF CURRENT TECHNOLOGY FOR CONTINUOUS MONITORING OF SPENT FUEL

    Energy Technology Data Exchange (ETDEWEB)

    Drayer, R.

    2013-06-09

    Advancements in technology have opened many opportunities to improve upon the current infrastructure surrounding the nuclear fuel cycle. Embedded devices, very small sensors, and wireless technology can be applied to Security, Safety, and Nonproliferation of Spent Nuclear Fuel. Security, separate of current video monitoring systems, can be improved by integrating current wireless technology with a variety of sensors including motion detection, altimeter, accelerometer, and a tagging system. By continually monitoring these sensors, thresholds can be set to sense deviations from nominal values. Then alarms or notifications can be activated as needed. Safety can be improved in several ways. First, human exposure to ionizing radiation can be reduced by using a wireless sensor package on each spent fuel cask to monitor radiation, temperature, humidity, etc. Since the sensor data is monitored remotely operator stay-time is decreased and distance from the spent fuel increased, so the overall radiation exposure is reduced as compared to visual inspections. The second improvement is the ability to monitor continuously rather than periodically. If changes occur to the material, alarm thresholds could be set and notifications made to provide advanced notice of negative data trends. These sensor packages could also record data to be used for scientific evaluation and studies to improve transportation and storage safety. Nonproliferation can be improved for spent fuel transportation and storage by designing an integrated tag that uses current infrastructure for reporting and in an event; tracking can be accomplished using the Iridium satellite system. This technology is similar to GPS but with higher signal strength and penetration power, but lower accuracy. A sensor package can integrate all or some of the above depending on the transportation and storage requirements and regulations. A sensor package can be developed using off the shelf technology and applying it to each

  14. Study the Fuel Price on Optimal Planning of Distributed Energy Resources as Private Sector in Supplying Electrical Energy

    Directory of Open Access Journals (Sweden)

    Mehdi Nafar

    2012-02-01

    Full Text Available This study presents an optimized design of Hybrid Power System in a distribution system including sources like, photovoltaic array, fuel cell and battery bank. In this study the effect of Fuel Price on optimal results is investigated.In this research, an algorithm has been developed for evaluation and cost optimization Hybrid Power System. The costs include capital cost, replacement cost, operation and maintenance cost, fuel cost and production cost for Hybrid Power System and DG power during different load profile. Then an objective function with aim to minimizing of total costs has been considered. A genetic algorithm approach is employed to obtain the best cost value of Hybrid Power System construction. This study tested on case study network on Mardasht city in Iran.

  15. Current Capabilities of the Fuel Performance Modeling Code PARFUME

    Energy Technology Data Exchange (ETDEWEB)

    G. K. Miller; D. A. Petti; J. T. Maki; D. L. Knudson

    2004-09-01

    The success of gas reactors depends upon the safety and quality of the coated particle fuel. A fuel performance modeling code (called PARFUME), which simulates the mechanical and physico-chemical behavior of fuel particles during irradiation, is under development at the Idaho National Engineering and Environmental Laboratory. Among current capabilities in the code are: 1) various options for calculating CO production and fission product gas release, 2) a thermal model that calculates a time-dependent temperature profile through a pebble bed sphere or a prismatic block core, as well as through the layers of each analyzed particle, 3) simulation of multi-dimensional particle behavior associated with cracking in the IPyC layer, partial debonding of the IPyC from the SiC, particle asphericity, kernel migration, and thinning of the SiC caused by interaction of fission products with the SiC, 4) two independent methods for determining particle failure probabilities, 5) a model for calculating release-to-birth (R/B) ratios of gaseous fission products, that accounts for particle failures and uranium contamination in the fuel matrix, and 6) the evaluation of an accident condition, where a particle experiences a sudden change in temperature following a period of normal irradiation. This paper presents an overview of the code.

  16. Coal-water slurry fuel production: Its evolution and current status in the United States

    Energy Technology Data Exchange (ETDEWEB)

    Morrison, J.L.; Miller, B.G.; Scaroni, A.W. [Pennsylvania State Univ., University Park, PA (United States)

    1997-12-31

    Interest in the US in utilizing bituminous coal in a slurry form has evolved substantially over the last two decades. In the mid-1970`s, technologies to utilize coal-oil mixtures (COMs) as potential fuel oil replacements for utility and industrial boilers were developed as a consequence of escalating world oil prices. To further reduce dependency on imported oil, interest shifted away from COMs to coal-water slurry fuels (CWSFs) because higher solids loadings were obtainable while eliminating the use of oil. Research which focused on the use of CWSF as a potential fuel oil replacement peaked in the mid to late-1980`s as a result of a decline in world oil prices. During the late 1980`s and early 1990`s, coal suppliers and coal-fired utilities began to evaluate the production of CWSF using bituminous coal fines from fine coal cleaning circuits in an effort to reduce dewatering/drying costs. This marked a philosophical change in the driving force behind the utilization of CWSF in the US. In an effort to broaden the supply of coal fines, The Pennsylvania State University (Penn State) and the Pennsylvania Electric Company (Penelec) surveyed a series of fine coal impoundments in western Pennsylvania to determine the quality, cleanability, and slurryability of the coal fines contained therein. The development and commercialization of recovery technologies, cleaning techniques, and CWSF reentrainment circuits, coupled with an interest by utilities to utilize low-cost fuels, has fostered the recovery of impounded coal fines. In addition to the fine coal impoundments, fine coal cleaning circuits which actively dispose of process water having suspended coal fines (e.g. centrifuge effluent) are being examined to determine if the fines can be recovered and thickened into a low solids CWSF. The paper describes required physical and chemical properties of a CWSF for boiler applications. There is a growing awareness that CWSF is a fuel form that can be cofired with coal. The

  17. 17 CFR 270.2a-4 - Definition of “current net asset value” for use in computing periodically the current price of...

    Science.gov (United States)

    2010-04-01

    ... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Definition of âcurrent net asset valueâ for use in computing periodically the current price of redeemable security. 270.2a-4... AND REGULATIONS, INVESTMENT COMPANY ACT OF 1940 § 270.2a-4 Definition of “current net asset value” for...

  18. Future Fuel Scenarios and Their Potential Impact to Aviation

    Science.gov (United States)

    Hendricks, Robert C.; Daggett, David L.; Anast, Peter; Lowery, Nathan

    2011-01-01

    In recent years fuel prices have been growing at a rapid pace. Current conservative projections predict that this is only a function of the natural volatility of oil prices, similar to the oil price spikes experienced in the 1970s. However, there is growing concern among analysts that the current price increases may not only be permanent, but that prices may continue to increase into the future before settling down at a much higher level than today. At high enough fuel prices, the aircraft industry would become very sensitive to fuel price. In this paper, the likelihood of fuel price increase is considered in three different price increase scenarios: "low," "medium," and "high." The impact of these scenarios on the aviation industry and alternatives are also addressed.

  19. Modeling and control of the output current of a Reformed Methanol Fuel Cell system

    DEFF Research Database (Denmark)

    Justesen, Kristian Kjær; Andreasen, Søren Juhl; Pasupathi, Sivakumar

    2015-01-01

    In this work, a dynamic Matlab SIMULINK model of the relationship between the fuel cell current set point of a Reformed Methanol Fuel Cell system and the output current of the system is developed. The model contains an estimated fuel cell model, based on a polarization curve and assumed first order...

  20. Bacteria engineered for fuel ethanol production: current status

    Energy Technology Data Exchange (ETDEWEB)

    Dien, B.S.; Cotta, M.A. [National Center for Agricultural Utilization Research, Agricultural Research Service, USDA, Peoria, IL (United States); Jeffries, T.W. [Inst. for Microbial and Biochemical Technology, Forest Service, Forest Products Lab., USDA, Madison, WI (United States)

    2004-07-01

    The lack of industrially suitable microorganisms for converting biomass into fuel ethanol has traditionally been cited as a major technical roadblock to developing a bioethanol industry. In the last two decades, numerous microorganisms have been engineered to selectively produce ethanol. Lignocellulosic biomass contains complex carbohydrates that necessitate utilizing microorganisms capable of fermenting sugars not fermentable by brewers' yeast. The most significant of these is xylose. The greatest successes have been in the engineering of gram-negative bacteria: Escherichia coli, Klebsiella oxytoca, and Zymomonas mobilis. E. coli and K. oxytoca are naturally able to use a wide spectrum of sugars, and work has concentrated on engineering these strains to selectively produce ethanol. Z. mobilis produces ethanol at high yields, but ferments only glucose and fructose. Work on this organism has concentrated on introducing pathways for the fermentation of arabinose and xylose. The history of constructing these strains and current progress in refining them are detailed in this review. (orig.)

  1. Eddy Current Examination of Spent Nuclear Fuel Canister Closure Welds

    Energy Technology Data Exchange (ETDEWEB)

    Arthur D. Watkins; Dennis C. Kunerth; Timothy R. McJunkin

    2006-04-01

    The National Spent Nuclear Fuel Program (NSNFP) has developed standardized DOE SNF canisters for handling and interim storage of SNF at various DOE sites as well as SNF transport to and SNF handling and disposal at the repository. The final closure weld of the canister will be produced remotely in a hot cell after loading and must meet American Society of Mechanical Engineers (ASME) Section III, Division 3 code requirements thereby requiring volumetric and surface nondestructive evaluation to verify integrity. This paper discusses the use of eddy current testing (ET) to perform surface examination of the completed welds and repair cavities. Descriptions of integrated remote welding/inspection system and how the equipment is intended function will also be discussed.

  2. Two dimensional simulation of direct methanol fuel cell : a new (embedded) type of current collectors

    OpenAIRE

    Kulikovsky, A. A.; Divisek, J.; Kornyshev, Yu. M.

    2000-01-01

    A two-dimensional numerical model of the direct methanol fuel cell with gas fuel is developed. Simulation of the cell with current collectors of conventional geometry reveal the formation of fuel-depleted, "shaded" regions in the cathode and anode catalyst layers. These regions are positioned in front of current collectors, farther from the gas channel windows. Another disadvantage of the conventional geometry is the concentration of electron current at the edges of current collectors. Based ...

  3. Falling oil prices and sustainable energy transition: Towards a multilateral agreement on fossil-fuel subsidies

    OpenAIRE

    Asmelash, Henok Birhanu

    2016-01-01

    Fossil-fuel subsidies are economically inefficient and harmful for the environment yet efforts to phase them out at the national and international levels have not been effective. The existing international legal framework is too weak and fragmented to support this process and an international agreement is essential. This paper explores the challenges and prospects of, and avenues for negotiating a binding multilateral agreement on phasing out fossil-fuel subsidies. The paper posits that the F...

  4. Dynamic pricing and learning: Historical origins, current research, and new directions

    NARCIS (Netherlands)

    den Boer, A.V.

    2015-01-01

    The topic of dynamic pricing and learning has received a considerable amount of attention in recent years, from different scientific communities. We survey these literature streams: we provide a brief introduction to the historical origins of quantitative research on pricing and demand estimation, p

  5. Dynamic pricing and learning: historical origins, current research, and new directions

    NARCIS (Netherlands)

    Boer, den Arnoud V.

    2015-01-01

    The topic of dynamic pricing and learning has received a considerable amount of attention in recent years, from different scientific communities. We survey these literature streams: we provide a brief introduction to the historical origins of quantitative research on pricing and demand estimation, p

  6. What would be the effects of a carbon tax in Japan: an historic analysis of subsidies and fuel pricing on the iron & steel, chemical, and machinery industries

    Directory of Open Access Journals (Sweden)

    Takako Wakiyama

    2016-06-01

    Full Text Available This study examines how a carbon tax could affect industrial-related carbon dioxide (CO2 emissions in Japan. Rather than forecasting the effects of a tax, the paper employs a time-series autoregressive moving average (ARMA model to determine how past subsidies and fuel price changes affected investments in energy and carbon intensity in Japan’s iron & steel, chemical, and machinery industries from 1993 to 2004. The results suggest the impacts varied greatly across industries. In the iron & steel industry, subsidies and price changes produced negligible effects on investments in energy and carbon intensity. This may be because existing iron & steel technologies have long lifetimes and substantial replacement costs. It may also be because the few large companies dominating the industry were relatively immune to subsidy provisions and pricing changes. In the chemical industry, subsidies and fuel prices gave rise to investments that improved carbon and energy intensity. This may be because the industry has relatively higher operation costs that could be cut easily given financial incentives. In the machinery industry, two of three fuel price changes (oil and gas, but not subsidy provisions, yielded improvements in carbon and energy intensity. This may reflect the heterogeneity of companies and products comprising the industry. Overall, the study underscores that policymakers need to tailor the rates and revenue recycling provisions of a carbon tax to an industry’s unique features to stimulate CO2 reductions.

  7. An EKC-pattern in historical perspective. Carbon dioxide emissions, technology, fuel prices and growth in Sweden 1870-1997

    Energy Technology Data Exchange (ETDEWEB)

    Lindmark, Magnus [Department of Economic History, Umea University, SE-901 87 Umea (Sweden)

    2002-08-01

    The environmental Kuznets curve (EKC) has been subject to research and debate since the early 1990s. This article examines the inverted-U trajectory of Swedish CO{sub 2} emissions during an extended time period beginning in 1870. The basis for the investigation is a structural time series approach that utilizes a stochastic trend as an indicator of technological and structural change, and GDP growth and changes in the price of fuel and cement price as independent variables. Finally, the development of technological and structural change with respect to CO{sub 2} emissions is interpreted within the context of growth regimes. The result suggests that the period 1920-1960, with high, sustained growth rates was associated with less technological and structural changes relating to CO{sub 2} emissions than periods with lower growth rates, such as the late 1800s and the post-1970 period. Furthermore, it is suggested that time-specific technological clusters may affect EKC patterns.

  8. Fuel Tax Just Around Corner

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    Currently, the National Development and Reform Commission, the country's top economic planning body, is working with other government departments on reforming China's retail oil price mechanism and introducing a fuel tax.

  9. Current status of U.S. coal utilization and non-fuel uses of fossil fuels

    Energy Technology Data Exchange (ETDEWEB)

    Song, C.S.; Schobert, H.; Scaroni, A.W. [Pennsylvania State Univ., University Park, PA (United States)

    1997-12-31

    An understanding of the current situation is important for projecting the future direction of coal utilization. The world`s annual consumption of coal in 1995 was 5104.01 million short tons (MST, 1 short ton = 0.907 metric ton). Coal plays a very important role in the US energy supply; US coal production in 1995 totaled 1033 MST, including 611.1 MST of bituminous coal, 328.4 MST of subbituminous coal, 86.1 MST of lignite, and 4.1 MST of anthracite. US coal consumption totaled 940.6 MST, with 88.1% in electric utilities, 3.5% in coke plants, 7.8% for other industrial uses, and only 0.6% in the residential and commercial sectors. The amount of fossil resources used for non-fuel purposes accounted for 8.4% of the total annual consumption in 1995. Non-fuel uses of fossil fuels particularly coal may become more important in the future. The demonstrated coal reserves in the world are large enough for consumption for over 220 years at the 1995 level, while proven oil reserves are only about 40 times the world`s 1995 consumption level. Coal has several positive attributes when considered as a feedstock for aromatic chemicals, specialty chemicals, and carbon-based materials. Existing nonfuel uses of coals include (1) high temperature carbonization of bituminous and subbituminous coals to make metallurgical coke; (2) gasification of coal to make synthesis gases and other chemicals; (3) use of coal in manufacturing other materials such as activated carbons, carbon molecular sieves (CMS) and production of phosphorus (phosphoric acid); (4) the use of coal tars from carbonization and gasification for making aromatic and phenolic chemicals; (5) the use of coal tar pitch for making carbon fibers and activated carbon fibers; and (6) other non-fuel products derived from coal including combustion by-products. Coal may become more important both as an energy source and as the source of chemical feedstocks in the 21st century.

  10. Vegetable oil-based diesel fuels: Overview and current trends

    Science.gov (United States)

    Since the energy crises of the 1970's and early 1980's, feedstocks and fuels with the potential to reduce dependence on petroleum-based energy and fuels have found increasing interest. Materials with triacylglycerols (triglycerides; esters of glycerol with fatty acids) as major components, such as ...

  11. Suggestions on the Current Electricity Price Level and Policies in China

    Institute of Scientific and Technical Information of China (English)

    Zhang Guohou; Wang Ying

    2009-01-01

    @@ The State Council decided to raise the retail electricity price by 0.25 Yuan/kWh from July,2008.This will,to some extent,relieve the conflicts between power supply and demand,and decrease the economic losses in power industry.Also,the step-by-step strategy on electricity price adopted by the government is favorable to the relief of inflation pressure and the maintenance of national economy's steady development.

  12. Fuel Cell Buses in U.S. Transit Fleets: Current Status 2011

    Energy Technology Data Exchange (ETDEWEB)

    Eudy, L.; Chandler, K.; Gikakis, C.

    2011-11-01

    This status report, fifth in a series of annual status reports from the U.S. Department of Energy's National Renewable Energy Laboratory (NREL), discusses the achievements and challenges of fuel cell propulsion for transit and summarizes the introduction of fuel cell transit buses in the United States. Progress this year includes an increase in the number of fuel cell electric buses (FCEBs), from 15 to 25, operating at eight transit agencies, as well as increased diversity of the fuel cell design options for transit buses. The report also provides an analysis of the combined results from fuel cell transit bus demonstrations evaluated by NREL with a focus on the most recent data through July 2011 including fuel cell power system reliability and durability; fuel economy; roadcall; and hydrogen fueling results. These evaluations cover 22 of the 25 FCEBs currently operating.

  13. Hybrid Direct Carbon Fuel Cell Performance with Anode Current Collector Material

    DEFF Research Database (Denmark)

    Deleebeeck, Lisa; Kammer Hansen, Kent

    2015-01-01

    The influence of the current collector on the performance of a hybrid direct carbon fuel cell (HDCFC), consisting of solid oxide fuel cell (SOFC) with a molten carbonate-carbon slurry in contact with the anode, has been investigated using current-voltage curves. Four different anode current...... collectors were studied: Au, Ni, Ag, and Pt. It was shown that the performance of the direct carbon fuel cell (DCFC) is dependent on the current collector materials, Ni and Pt giving the best performance, due to their catalytic activity. Gold is suggested to be the best material as an inert current collector...

  14. Activity-based costing for pathology examinations and comparison with the current pricing system in Turkey.

    Science.gov (United States)

    Ergün, Ferda A K; Ağirbaş, Ismail; Kuzu, Işınsu

    2013-01-01

    To demonstrate the real cost data of the pathology examinations by using the activity-based costing method and to contribute to the financial planning of the departments, health managers and also the social security institution. Forty-four examinations selected from the Healthcare Implementation Notification system list and performed at the Ankara University Faculty of Medicine Pathology Department during September 2010 were studied. The analysis and the real cost calculations were done according to the duration of the procedures. Calculated costs were compared with the Healthcare Implementation Notification system and Medicare price lists. The costs of the pathology tests listed within the same pricing levels in the Healthcare Implementation Notification system list showed great differences. The minimum and maximum costs in level 1, 2, 3, and 4 were 15,98-80,15 TL, 15,95-258,59 TL, 42,38- 236,87 TL, and 124,42-406,76 TL, respectively. Medicare price levels were more consistent with the real costs of the examinations compared to the Healthcare Implementation Notification system price list. The prices of the pathology examination listed at different levels in the Healthcare Implementation Notification system lists do not cover the real costs of the work done. The principal parameters of Activity-Based Costing system are more suitable for making the most realistic cost categorization. Although the prices could differ between countries, the Medicare system categories are more realistic than the Healthcare Implementation Notification system. The Healthcare Implementation Notification system list needs to be revised in order to reflect the real costs of the pathology examinations.

  15. Activity-Based Costing for Pathology Examinations and Comparison with the Current Pricing System in Turkey

    Directory of Open Access Journals (Sweden)

    Ferda AK ERGÜN

    2013-01-01

    Full Text Available Objective: To demonstrate the real cost data of the pathology examinations by using the activity-based costing method and to contribute to the financial planning of the departments, health managers and also the social security institution.Material and Method: Forty-four examinations selected from the Healthcare Implementation Notification system list and performed at the Ankara University Faculty of Medicine Pathology Department during September 2010 were studied. The analysis and the real cost calculations were done according to the duration of the procedures. Calculated costs were compared with the Healthcare Implementation Notification system and Medicare price lists.Results: The costs of the pathology tests listed within the same pricing levels in the Healthcare Implementation Notification system list showed great differences. The minimum and maximum costs in level 1, 2, 3, and 4 were 15,98-80,15 TL, 15,95-258,59 TL, 42,38- 236,87 TL, and 124,42-406,76 TL, respectively. Medicare price levels were more consistent with the real costs of the examinations compared to the Healthcare Implementation Notification system price list.Conclusion: The prices of the pathology examination listed at different levels in the Healthcare Implementation Notification system lists do not cover the real costs of the work done. The principal parameters of Activity-Based Costing system are more suitable for making the most realistic cost categorization. Although the prices could differ between countries, the Medicare system categories are more realistic than the Healthcare Implementation Notification system. The Healthcare Implementation Notification system list needs to be revised in order to reflect the real costs of the pathology examinations.

  16. PRICE AND PRICING STRATEGIES

    OpenAIRE

    Titus SUCIU

    2013-01-01

    In individual companies, price is one significant factor in achieving marketing success. In many purchase situations, price can be of great importance to customers. Marketers must establish pricing strategies that are compatible with the rest of the marketing mix. Management should decide whether to charge the same price to all similar buyers of identical quantities of a product (a one-price strategy) or to set different prices (a flexible price strategy). Many organizations, especially retai...

  17. PRICE AND PRICING STRATEGIES

    OpenAIRE

    Titus SUCIU

    2013-01-01

    In individual companies, price is one significant factor in achieving marketing success. In many purchase situations, price can be of great importance to customers. Marketers must establish pricing strategies that are compatible with the rest of the marketing mix. Management should decide whether to charge the same price to all similar buyers of identical quantities of a product (a one-price strategy) or to set different prices (a flexible price strategy). Many organizations, especially retai...

  18. High freezing point fuels used for aviation turbine engines

    Science.gov (United States)

    Friedman, R.

    1979-01-01

    Broadened-specification aviation fuels could be produced from a greater fraction of crude source material with improvements in fuel supply and price. These fuels, particularly those with increased final boiling temperatures, would have higher freezing temperatures than current aviation turbine fuels. For the small but significant fraction of commercial flights where low fuel temperatures make higher freezing-point fuel use unacceptable, adaptations to the fuel or fuel system may be made to accommodate this fuel. Several techniques are discussed. Fuel heating is the most promising concept. One simple design uses existing heat rejection from the fuel-lubricating oil cooler, another uses an engine-driven generator for electrical heating.

  19. Categorization of failed and damaged spent LWR (light-water reactor) fuel currently in storage

    Energy Technology Data Exchange (ETDEWEB)

    Bailey, W.J.

    1987-11-01

    The results of a study that was jointly sponsored by the US Department of Energy and the Electric Power Research Institute are described in this report. The purpose of the study was to (1) estimate the number of failed fuel assemblies and damaged fuel assemblies (i.e., ones that have sustained mechanical or chemical damage but with fuel rod cladding that is not breached) in storage, (2) categorize those fuel assemblies, and (3) prepare this report as an authoritative, illustrated source of information on such fuel. Among the more than 45,975 spent light-water reactor fuel assemblies currently in storage in the United States, it appears that there are nearly 5000 failed or damaged fuel assemblies. 78 refs., 23 figs., 19 tabs.

  20. Prices and Price Setting

    NARCIS (Netherlands)

    R.P. Faber (Riemer)

    2010-01-01

    textabstractThis thesis studies price data and tries to unravel the underlying economic processes of why firms have chosen these prices. It focuses on three aspects of price setting. First, it studies whether the existence of a suggested price has a coordinating effect on the prices of firms. Second

  1. Implementation of lng as marine fuel in current vessels : Perspectives and improvements on their environmental efficiency

    OpenAIRE

    Sastre Buades, Llorenç

    2017-01-01

    Liquefied Natural Gas (LNG) as marine fuel currently appears to be an attractive, potential and technically feasible option for new building vessels to comply with air pollution regulations. Consequently, the implementation of LNG on board vessels has been conducted together with the development of LNG-fuelled engines, LNG fuel tanks, gas supply systems and LNG infrastructure. LNG-fuelled vessels are equipped principally with lean-burn gas engines or dual-fuel (DF) engines, vacuum insulated C...

  2. Bulk Fuel Pricing: DOD Needs to Reevaluate Its Approach to Better Manage the Effect of Market Fluctuations

    Science.gov (United States)

    2014-07-01

    Office of Management and Budget OUSD(C) Office of the Under Secretary of Defense (Comptroller) WTI West Texas Intermediate This is a work of the...Intermediate ( WTI ) crude oil benchmark with other crude oil pricing benchmarks to determine whether DOD’s approach to setting its standard price reflects...coming from the prices in the futures market for both West Texas Intermediate ( WTI ) and Brent crude oil prices.5 DOD uses the WTI projection as its

  3. Volatile behaviour of enrichment uranium in the total nuclear fuel price; Volatilidad de los mercados de Uranio enriquecido. Impactos sobre el coste de combustible

    Energy Technology Data Exchange (ETDEWEB)

    Arnaiz, J.; Inchausti, J. M.; Tarin, F.

    2004-07-01

    In this article the historical high volatile behaviour of the total nuclear fuel price is evaluated quantitatively and it is concluded that it has been due mainly to the fluctuations of the price of the principal components of enriched uranium (concentrates and enrichment). In order to avoid the negative effects of this volatiles behaviour as far as possible, a basic strategy in the uranium procurement activities is recommended (union of buyers, diversification of supplier, stock management, optimisation of contract portfolio and suitable currency management that guarantees a reliable uranium supply at reasonable prices. These guidelines are those that ENUSA has been following on behalf of the Spanish Utilities in the Commission of Uranium Procurement (CAU in Spanish). (Author) 11 refs.

  4. Current status of Westinghouse tubular solid oxide fuel cell program

    Energy Technology Data Exchange (ETDEWEB)

    Parker, W.G. [Westinghouse Science and Technology Center, Pittsburgh, PA (United States)

    1996-04-01

    In the last ten years the solid oxide fuel cell (SOFC) development program at Westinghouse has evolved from a focus on basic material science to the engineering of fully integrated electric power systems. Our endurance for this cell is 5 to 10 years. To date we have successfully operated at power for over six years. For power plants it is our goal to have operated before the end of this decade a MW class power plant. Progress toward these goals is described.

  5. Fuel Cell Buses in U.S. Transit Fleets: Current Status 2012

    Energy Technology Data Exchange (ETDEWEB)

    Eudy, Leslie [National Renewable Energy Lab. (NREL), Golden, CO (United States); Chandler, Kevin [Battelle, Columbus, OH (United States); Gikakis, Christina [Federal Transit Administration, Washington, DC (United States)

    2012-11-01

    This report is the sixth in an annual series of reports that summarize the progress of fuel cell electric bus (FCEB) development in the United States and discuss the achievements and challenges of introducing fuel cell propulsion in transit. The report also provides a snapshot of current FCEB performance results over the last year.

  6. Fuel Cell Buses in U.S. Transit Fleets: Current Status 2013

    Energy Technology Data Exchange (ETDEWEB)

    Eudy, L.; Gikakis, C.

    2013-12-01

    This report is the seventh in an annual series of reports that summarize the progress of fuel cell electric bus (FCEB) development in the United States and discuss the achievements and challenges of introducing fuel cell propulsion in transit. The report also provides a snapshot of current FCEB performance results from August 2012 through July 2013 for five FCEB demonstrations at four transit agencies.

  7. Relationship between financial speculation and food prices or price volatility: applying the principles of evidence-based medicine to current debates in Germany.

    Science.gov (United States)

    Bozorgmehr, Kayvan; Gabrysch, Sabine; Müller, Olaf; Neuhann, Florian; Jordan, Irmgard; Knipper, Michael; Razum, Oliver

    2013-10-16

    There is an unresolved debate about the potential effects of financial speculation on food prices and price volatility. Germany's largest financial institution and leading global investment bank recently decided to continue investing in agricultural commodities, stating that there is little empirical evidence to support the notion that the growth of agricultural-based financial products has caused price increases or volatility. The statement is supported by a recently published literature review, which concludes that financial speculation does not have an adverse effect on the functioning of the agricultural commodities market. As public health professionals concerned with global food insecurity, we have appraised the methodological quality of the review using a validated and reliable appraisal tool. The appraisal revealed major shortcomings in the methodological quality of the review. These were particularly related to intransparencies in the search strategy and in the selection/presentation of studies and findings; the neglect of the possibility of publication bias; a lack of objective or rigorous criteria for assessing the scientific quality of included studies and for the formulation of conclusions. Based on the results of our appraisal, we conclude that it is not justified to reject the hypothesis that financial speculation might have adverse effects on food prices/price volatility. We hope to initiate reflections about scientific standards beyond the boundaries of disciplines and call for high quality, rigorous systematic reviews on the effects of financial speculation on food prices or price volatility.

  8. Current Global Pricing For Human Papillomavirus Vaccines Brings The Greatest Economic Benefits To Rich Countries.

    Science.gov (United States)

    Herlihy, Niamh; Hutubessy, Raymond; Jit, Mark

    2016-02-01

    Vaccinating females against human papillomavirus (HPV) prior to the debut of sexual activity is an effective way to prevent cervical cancer, yet vaccine uptake in low- and middle-income countries has been hindered by high vaccine prices. We created an economic model to estimate the distribution of the economic surplus-the sum of all health and economic benefits of a vaccine, minus the costs of development, production, and distribution-among different country income groups and manufacturers for a cohort of twelve-year-old females in 2012. We found that manufacturers may have received economic returns worth five times their original investment in HPV vaccine development. High-income countries gained the greatest economic surplus of any income category, realizing over five times more economic value per vaccinated female than low-income countries did. Subsidizing vaccine prices in low- and middle-income countries could both reduce financial barriers to vaccine adoption and still allow high-income countries to retain their economic surpluses and manufacturers to retain their profits.

  9. Analysis of Advanced Fuel Assemblies and Core Designs for the Current and Next Generations of LWRs

    Energy Technology Data Exchange (ETDEWEB)

    Ragusa, Jean; Vierow, Karen

    2011-09-01

    The objective of the project is to design and analyze advanced fuel assemblies for use in current and future light water reactors and to assess their ability to reduce the inventory of transuranic elements, while preserving operational safety. The reprocessing of spent nuclear fuel can delay or avoid the need for a second geological repository in the US. Current light water reactor fuel assembly designs under investigation could reduce the plutonium inventory of reprocessed fuel. Nevertheless, these designs are not effective in stabilizing or reducing the inventory of minor actinides. In the course of this project, we developed and analyzed advanced fuel assembly designs with improved thermal transmutation capability regarding transuranic elements and especially minor actinides. These designs will be intended for use in thermal spectrum (e.g., current and future fleet of light water reactors in the US). We investigated various fuel types, namely high burn-up advanced mixed oxides and inert matrix fuels, in various geometrical designs that are compliant with the core internals of current and future light water reactors. Neutronic/thermal hydraulic effects were included. Transmutation efficiency and safety parameters were used to rank and down-select the various designs.

  10. Price determination for hydrogen produced from bio-ethanol in Argentina

    Energy Technology Data Exchange (ETDEWEB)

    Gregorini, V.A.; Pasquevich, D. [Instituto de Energia y Desarrollo Sustentable - CNEA, Av. Del Libertador 8250, Buenos Aires (Argentina); Laborde, M. [Facultad de Ingenieria - Universidad de Buenos Aires, Ciudad Universitaria, Buenos Aires (Argentina)

    2010-06-15

    A massive penetration for hydrogen as a fuel vector requires a price reduction against fossil fuels (up to lower or at less equal to current prices). That is why it is important to calculate the current prices, so that we can determinate the gap between them and work in reducing them. In order to follow properly prices evolution it is necessary been able to compare data generated by Universities, Laboratories and Industries. So that, DOE creates in 2003 a tool (H2A) to determine prices for hydrogen, with some assumptions and pre defined values, to facilitate transparency and consistency of data. In this work we will use the H2A tool to calculate de price of hydrogen produced in a bio-ethanol semi-industrial Plant in Argentina, and we will compare it with the prices of USA studies. (author)

  11. Bench Test Modeling for Current and Future PCMO Fuel Economy Requirements

    Institute of Scientific and Technical Information of China (English)

    Mark T.Devlin; Cheng C.Kuo; John M.Pietras; Zhang Yun

    2008-01-01

    The automotive and lubricant industries have been placing increased emphasis on the fuel economy benefits of today's modern passenger car motor oils.The current ILSAC GF-4 specification has more stringent requirements than previous ILSAC specifications,and the proposed future ILSAC GF-5 specification is looking at further improvements in the lubricant's fuel economy performance.To address these needs,Afton Chemical has developed correlations between the rheological and frictional properties of oils and fuel economy measured in engine and field tests.In this paper we will present correlations between lubricauts' physical properties and fuel economy measured in vehicles and enginetests.These tools have been used to develop current commercial oils which are being used extensively to meet today's OEM needs.

  12. New empirical generalizations on the determinants of price elasticity

    NARCIS (Netherlands)

    Bijmolt, THA; Van Heerde, HJ; Pieters, RGM

    The importance of pricing decisions for firms has fueled an extensive stream of research on price elasticities. In an influential meta-analytical study, Tellis (1988) summarized price elasticity research findings until 1986. However, empirical generalizations on price elasticity require

  13. Fuel Cell Buses in U.S. Transit Fleets: Current Status 2012

    Energy Technology Data Exchange (ETDEWEB)

    Eudy, L.; Chander, K.; Gikakis, C.

    2012-11-01

    This report is the sixth in an annual series of reports that summarize the progress of fuel cell electric bus (FCEB) development in the United States and discuss the achievements and challenges of introducing fuel cell propulsion in transit. The report also provides a snapshot of current FCEB performance results over the last year. There are 25 active FCEBs in demonstrations this year at eight locations.

  14. An Overview of Current and Past W-UO[2] CERMET Fuel Fabrication Technology

    Energy Technology Data Exchange (ETDEWEB)

    Douglas E. Burkes; Daniel M. Wachs; James E. Werner; Steven D. Howe

    2007-06-01

    CERMET fuel fabrication technology as related to the GE 710 and ANL Nuclear Rocket Programs, in addition to discussing future plans, viable alternatives and preliminary investigations for W-UO2 CERMET fuel fabrication. The intention of the talk is to provide the brief history and tie in an overview of current programs and investigations as related to NTP based W-UO2 CERMET fuel fabrication, and hopefully peak interest in advanced fuel fabrication technologies.

  15. Characterization of a direct methanol fuel cell using Hilbert curve fractal current collectors

    Energy Technology Data Exchange (ETDEWEB)

    Kuan, Yean-Der [Department of Refrigeration, Air-Conditioning and Energy Engineering, National Chun-Yi University of Technology, NO 35, Lane 215, Section 1, Chung-Shan Road, Taiping City, 411 Taichung County (China); Chang, Jing-Yi [Department of Mechanical and Electro-Mechanical Engineering, Tamkang University, Tamsui, 251 Taipei County (China); Lee, Shi-Min [Department of Aerospace Engineering, Tamkang University, Tamsui, 251 Taipei County (China); Lee, Shah-Rong [Department of Mechanical Engineering, Technology and Science Institute of Northern Taiwan, Peitou, 112 Taipei (China)

    2009-02-01

    The current collector or bi-polar plate is a key component in direct methanol fuel cells (DMFCs). Current collector geometric designs have significant influence on cell performance. This paper presents a continuous type fractal geometry using the Hilbert curve applied to current collector design in a direct methanol fuel cell. The Hilbert curve fractal geometry current collector is named HFCC (Hilbert curve fractal current collector). This research designs the current collector using a first, second and third order open carved HFCC shape. The cell performances of the different current collector geometries were measured and compared. Two important factors, the free open ratio and total perimeter length of the open carved design are discussed. The results show that both the larger free open ratio and longer carved open perimeter length present higher performance. (author)

  16. Characterization of a direct methanol fuel cell using Hilbert curve fractal current collectors

    Science.gov (United States)

    Kuan, Yean-Der; Chang, Jing-Yi; Lee, Shi-Min; Lee, Shah-Rong

    The current collector or bi-polar plate is a key component in direct methanol fuel cells (DMFCs). Current collector geometric designs have significant influence on cell performance. This paper presents a continuous type fractal geometry using the Hilbert curve applied to current collector design in a direct methanol fuel cell. The Hilbert curve fractal geometry current collector is named HFCC (Hilbert curve fractal current collector). This research designs the current collector using a first, second and third order open carved HFCC shape. The cell performances of the different current collector geometries were measured and compared. Two important factors, the free open ratio and total perimeter length of the open carved design are discussed. The results show that both the larger free open ratio and longer carved open perimeter length present higher performance.

  17. Finance and the fuel cell industry: a review of the current financing climate

    Energy Technology Data Exchange (ETDEWEB)

    Doran, P. [Core Technology Ventures LLP, Schmitten (Germany); Robeson, S.; Wright, D.; Craven, J. [Core Technology Ventures LLP, London (United Kingdom)

    2003-07-01

    The substantial price decline seen on the worlds stock markets since the peak of 2000 has resulted in a significant rise in the level of risk aversion displayed by both the corporate and financial sectors with respect to new investments. The owner/managers of emerging fuel cell companies must come to terms with these post-boom conditions and realise that investment by external investors (or venture capitalist) often involves their active participation in the business. Furthermore, financial investors will expect owner/managers to be prepared to delegate a degree of control to professional managers when appropriate. The ownership of the company assets will also come under scrutiny with venture capitalists expecting to invest in an entity that owns the intellectual property. Start-up companies would be well advised to strive to understand the pressures faced by professional investors. Those with the greatest sense of financial and commercial realism stand a good chance of technical and commercial success. (author)

  18. Integrated hedging and network planning for container shipping's bunker fuel management

    OpenAIRE

    Xiaoyu Wang; Chee-Chong Teo

    2013-01-01

    Bunker fuel costs could account for 50–60 per cent of a ship's total operating cost in times of high fuel prices. The volatility of the bunker market over recent years has contributed to significant instability of cash flows for shipping lines. In this study, we consider two of the bunker fuel risk management measures employed by container shipping companies to reduce bunker fuel price risk – re-planning of network configuration and financial hedging of bunker fuel prices. The current industr...

  19. Development of a Direct Methanol Fuel Cell with Lightweight Disc Type Current Collectors

    Directory of Open Access Journals (Sweden)

    Yean-Der Kuan

    2014-05-01

    Full Text Available The direct methanol fuel cell (DMFC adopts methanol solution as a fuel suitable for low power portable applications. A miniature, lightweight, passive air-breathing design is therefore desired. This paper presents a novel planar disc-type DMFC with multiple cells containing a novel developed lightweight current collector at both the anode and cathode sides. The present lightweight current collector adopts FR4 Glass/Epoxy as the substrate with the current collecting areas located at the corresponding membrane electrolyte assembly (MEA areas. The current collecting areas are fabricated by sequentially coating a corrosion resistant layer and electrical conduction layer via the thermal evaporation technique. The anode current collector has carved flow channels for fuel transport and production. The cathode current collector has drilled holes for passive air breathing. In order to ensure feasibility in the present concept a 3-cell prototype DMFC module with lightweight disc type current collectors is designed and constructed. Experiments were conducted to measure the cell performance. The results show that the highest cell power output is 54.88 mW·cm−2 and successfully demonstrate the feasibility of this novel design.

  20. Current State of Technology of Fuel Cell Power Systems for Autonomous Underwater Vehicles

    Directory of Open Access Journals (Sweden)

    Alejandro Mendez

    2014-07-01

    Full Text Available Autonomous Underwater Vehicles (AUVs are vehicles that are primarily used to accomplish oceanographic research data collection and auxiliary offshore tasks. At the present time, they are usually powered by lithium-ion secondary batteries, which have insufficient specific energies. In order for this technology to achieve a mature state, increased endurance is required. Fuel cell power systems have been identified as an effective means to achieve this endurance but no implementation in a commercial device has yet been realized. This paper summarizes the current state of development of the technology in this field of research. First, the most adequate type of fuel cell for this application is discussed. The prototypes and design concepts of AUVs powered by fuel cells which have been developed in the last few years are described. Possible commercial and experimental fuel cell stack options are analyzed, examining solutions adopted in the analogous aerial vehicle applications, as well as the underwater ones, to see if integration in an AUV is feasible. Current solutions in oxygen and hydrogen storage systems are overviewed and energy density is objectively compared between battery power systems and fuel cell power systems for AUVs. A couple of system configuration solutions are described including the necessary lithium-ion battery hybrid system. Finally, some closing remarks on the future of this technology are given.

  1. Extrapolating power-ramp performance criteria for current and advanced CANDU fuels

    Energy Technology Data Exchange (ETDEWEB)

    Tayal, M.; Chassie, G.G

    2000-06-01

    To improve the precision and accuracy of power-ramp performance criteria for high-burnup fuel, we have examined in-reactor fuel performance data as well as out-reactor test data. The data are consistent with some of the concepts used in the current formulations for defining fuel failure thresholds, such as size of power-ramp and extent of burnup. Our review indicates that there is a need to modify some other aspects of the current formulations; therefore, a modified formulation is presented in this paper. The improvements mainly concern corrodent concentration and its relationships with threshold stress for failure. The new formulation is consistent with known and expected trends such as strength of Zircaloy in corrosive environment, timing of the release of fission products to the pellet-to-sheath gap, CANLUB coating, and fuel burnup. Because of the increased precision and accuracy, the new formulation is better able to identify operational regimes that are at risk of power-ramp failures; this predictive ability provides enhanced protection to fuel against power-ramp defects. At die same time, by removing unnecessary conservatisms in other areas, the new formulation permits a greater range of defect-free operational envelope as well as larger operating margins in regions that are, in fact, not prone to power-ramp failures. (author)

  2. Energies prices; Prix des energies

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2005-08-15

    This document offers a synthesis of the tariffs and the energies prices in august 2005 in Paris, compared with the years 2003 and 2004. This sectoral presentation (transports, houses, industry) provides thus statistics on the prices of fuels, heating, propane, coal, wood fuels, electric power and gas. (A.L.B.)

  3. Effect of ammonium and nitrate on current generation using dual-cathode microbial fuel cells.

    Science.gov (United States)

    Jang, Jae Kyung; Choi, Jung Eun; Ryou, Young Sun; Lee, Sung Hyoun; Lee, Eun Young

    2012-02-01

    These studies were conducted to determine the effects of various concentrations of ammonium and nitrate on current generation using dual-cathode microbial fuel cells (MFCs). Current generation was not affected by ammonium up to 51.8+/-0.0 mg/l, whereas 103.5+/-0.0 mg/l ammonium chloride reduced the current slightly. On the other hand, when 60.0+/-0.0 and 123.3+/-0.1 mg/l nitrate were supplied, the current was decreased from 10.23+/-0.07 mA to 3.20+/-0.24 and 0.20+/-0.01 mA, respectively. Nitrate did not seem to serve as a fuel for current generation in these studies. At this time, COD and nitrate removal were increased except at 123+/-0.1 mg NO(3)(-)/l. These results show that proper management of ammonium and nitrate is very important for increasing the current in a microbial fuel cell.

  4. Dutch house price fundamentals

    NARCIS (Netherlands)

    Haffner, M.E.A.; de Vries, P.

    2009-01-01

    This paper discusses house price developments in the Netherlands, specifically focussing on the question whether current house prices in the Dutch owner-occupied market are likely to decrease. We analyse three aspects of the question based on a literature review: (1) whether there is a house price b

  5. Dutch house price fundamentals

    NARCIS (Netherlands)

    Haffner, M.E.A.; de Vries, P.

    2009-01-01

    This paper discusses house price developments in the Netherlands, specifically focussing on the question whether current house prices in the Dutch owner-occupied market are likely to decrease. We analyse three aspects of the question based on a literature review: (1) whether there is a house price

  6. The Prices of Secrecy: The Social, Intellectual, and Psychological Costs of Current Assessment Practice. A Report to the Ford Foundation.

    Science.gov (United States)

    Schwartz, Judah L., Ed.; Viator, Katherine A., Ed.

    Problems in accountability assessment are examined from a unique perspective by considering the prices paid as a result of the use of secret tests (tests comprised of items drawn from non-publicly available item banks). This report is a compilation of the following articles: (1) "The Social, Intellectual, and Psychological Prices of…

  7. Does a Change in Price of Fuel Affect GDP Growth? An Examination of the U.S. Data from 1950–2013

    Directory of Open Access Journals (Sweden)

    Michael Aucott

    2014-10-01

    Full Text Available We examined data on fuel consumption and costs for the years 1950 through 2013, along with economic and population data, to determine the percent of U.S. gross domestic product (GDP spent each year on fuels, including fossil fuels and nuclear ore, and the growth of the economy. We found that these variables are inversely correlated. This suggests that the availability and cost of energy is a significant determinant of economic performance. We believe this relation is consistent with analyses based on the energy return on investment (EROI concept in that increasingly scarce, and hence expensive, fuels are a drag on economic growth. The best-fitting linear equation relating the percent of GDP (energy cost share and year-over-year (YoY GDP change variables suggests that a threshold exists in the vicinity of 4%; if the percent of GDP spent on fuels is greater than this, poorer economic performance has been likely. Currently, about 5% of GDP is spent on fuels; most of this is for liquids. Continued weak economic performance appears likely unless improvements in energy efficiency, on the order of a factor of 3 for liquid fuels, and/or a more rapid adoption of renewable or nuclear energy sources can be achieved, provided that the EROI of these new sources proves to be sufficiently high.

  8. Current density distribution mapping in PEM fuel cells as an instrument for operational measurements

    Energy Technology Data Exchange (ETDEWEB)

    Geske, M.; Heuer, M.; Heideck, G.; Styczynski, Z. A. [Otto-von-Guericke University Magdeburg, Chair Electric Power Networks and Renewable Energy Sources, Magdeburg (Germany)

    2010-07-01

    A newly developed measurement system for current density distribution mapping has enabled a new approach for operational measurements in proton exchange membrane fuel cells (PEMFC). Taking into account previously constructed measurement systems, a method based on a multi layer printed circuit board was chosen for the development of the new system. This type of system consists of a sensor, a special electronic device and the control and visualization PC. For the acquisition of the current density distribution values, a sensor device was designed and installed within a multilayer printed circuit board with integrated shunt resistors. Varying shunt values can be taken into consideration with a newly developed and evaluated calibration method. The sensor device was integrated in a PEM fuel cell stack to prove the functionality of the whole measurement system. A software application was implemented to visualize and save the measurement values. Its functionality was verified by operational measurements within a PEMFC system. Measurement accuracy and possible negative reactions of the sensor device during PEMFC operation are discussed in detail in this paper. The developed system enables operational measurements for different operating phases of PEM fuel cells. Additionally, this can be seen as a basis for new opportunities of optimization for fuel cell design and operation modes. (author)

  9. Current Density Distribution Mapping in PEM Fuel Cells as An Instrument for Operational Measurements

    Directory of Open Access Journals (Sweden)

    Martin Geske

    2010-04-01

    Full Text Available A newly developed measurement system for current density distribution mapping has enabled a new approach for operational measurements in proton exchange membrane fuel cells (PEMFC. Taking into account previously constructed measurement systems, a method based on a multi layer printed circuit board was chosen for the development of the new system. This type of system consists of a sensor, a special electronic device and the control and visualization PC. For the acquisition of the current density distribution values, a sensor device was designed and installed within a multilayer printed circuit board with integrated shunt resistors. Varying shunt values can be taken into consideration with a newly developed and evaluated calibration method. The sensor device was integrated in a PEM fuel cell stack to prove the functionality of the whole measurement system. A software application was implemented to visualize and save the measurement values. Its functionality was verified by operational measurements within a PEMFC system. Measurement accuracy and possible negative reactions of the sensor device during PEMFC operation are discussed in detail in this paper. The developed system enables operational measurements for different operating phases of PEM fuel cells. Additionally, this can be seen as a basis for new opportunities of optimization for fuel cell design and operation modes.

  10. Fabrication of lanthanum strontium cobalt ferrite (LSCF) cathodes for high performance solid oxide fuel cells using a low price commercial inkjet printer

    Science.gov (United States)

    Han, Gwon Deok; Neoh, Ke Chean; Bae, Kiho; Choi, Hyung Jong; Park, Suk Won; Son, Ji-Won; Shim, Joon Hyung

    2016-02-01

    In this study, we investigate a method to fabricate high quality lanthanum strontium cobalt ferrite (LSCF) cathodes for solid oxide fuel cells (SOFCs) using a commercial low price inkjet printer. The ink source is synthesized by dissolving the LSCF nanopowder in a water-based solvent with a proper amount of surfactants. Microstructures of the LSCF layer, including porosity and thickness per printing scan cycle, are adjusted by grayscale in the printing image. It is successfully demonstrated that anode-supported SOFCs with optimally printed LSCF cathodes can produce decent power output, i.e., a maximum peak power density of 377 mW cm-2 at 600 °C, in our experiment. We expect that this approach can support the quick and easy prototyping and evaluating of a variety of cathode materials in SOFC research.

  11. Results of Current Density Distribution Mapping in PEM Fuel Cells Dependent on Operation Parameters

    Directory of Open Access Journals (Sweden)

    Zbigniew A. Styczynski

    2013-07-01

    Full Text Available This paper presents in situ measurements of a newly developed current density measurement system for proton exchange membrane fuel cells (PEMFC. While the functional principle and technical evaluation of the measurement system were presented in a previous paper, this paper analyzes the influence of various operation parameters, including multiple start-stop operation, at the anode, cathode and cooling locations on the distribution and long-term development of the current density. The system was operated for 500 h over two years with long periods of inactivity between measurements. The measurement results are evaluated and provide additional information on how to optimize the operation modes of fuel cells, including the start and stop of such systems as well as the water balance.

  12. High-freezing-point fuels used for aviation turbine engines

    Science.gov (United States)

    Friedman, R.

    1979-01-01

    Broadened-specification aviation fuels could be produced from a greater fraction of crude source material with improvements in fuel supply and price. These fuels, particularly those with increased final boiling temperatures, would have higher freezing temperatures than current aviation turbine fuels. The higher-freezing-point fuels can be substituted in the majority of present commercial flights, since temperature data indicate that in-flight fuel temperatures are relatively mild. For the small but significant fraction of commercial flights where low fuel temperatures make higher freezing-point fuel use unacceptable, adaptations to the fuel or fuel system may be made to accommodate this fuel. Several techniques are discussed. Fuel heating is the most promising concept. One simple system design uses existing heat rejection from the fuel-lubricating oil cooler, another uses an engine-driven generator for electrical heating. Both systems offer advantages that outweigh the obvious penalties.

  13. Impacts of lower fuel prices on the results of the NEV-scenarios. Effecten van lagere brandstofprijzen op de resultaten van de NEV-scenario's

    Energy Technology Data Exchange (ETDEWEB)

    Boonekamp, P.G.; Verhagen, L.

    1988-09-01

    Last year a National Energy Outlook (NEV 1987) was completed which contained a set of three energy scenarios describing a range of plausible developments of the Dutch energy sector up to the year 2010. The effects of 30 to 40% lower fuel prices on the results of the National Energy Outlook are analysed. The results show that the overall costs of energy supply decrease by 16 to 24%. The potential for fuel substitution is limited to public power generation and large scale industrial steam production (cogeneration). In public power generation the competition between coal and natural gas remains in favour of coal. Nuclear energy, however, is substituted by coal in two scenarios, because of cheaper electricity production with coal. In industrial steam generation gas-fired cogeneration replaces coal-fired cogeneration and coal-fired steam boilers. The total cogeneration capacity remains the same or increases up to 36% depending on the scenario and policy case. The total effect of these changes is a modest transition from coal to gas and a slightly decreasing total SO/sub 2/-emission. The total NO/sub x/-emission remains more or less the same. In the nuclear cases of two scenarios, however, coal use and emissions increase. If final demand for energy is corrected for lower energy savings due to lower prices, total energy use increases by about 3%. In this case SO/sub 2/- and NO/sub x/-emissions are higher than in the National Energy Outlook. 8 figs., 8 refs., 20 tabs.

  14. Fuel-coolant interaction (FCI) phenomena in reactor safety. Current understanding and future research needs

    Energy Technology Data Exchange (ETDEWEB)

    Speis, T.P. [Maryland Univ., College Park, MD (United States); Basu, S.

    1998-01-01

    This paper gives an account of the current understanding of fuel-coolant interaction (FCI) phenomena in the context of reactor safety. With increased emphasis on accident management and with emerging in-vessel core melt retention strategies for advanced light water reactor (ALWR) designs, recent interest in FCI has broadened to include an evaluation of potential threats to the integrity of reactor vessel lower head and ex-vessel structural support, as well as the role of FCI in debris quenching and coolability. The current understanding of FCI with regard to these issues is discussed, and future research needs to address the issues from a risk perspective are identified. (author)

  15. Dutch house price fundamentals

    OpenAIRE

    Haffner, M.E.A.; De Vries, P.

    2009-01-01

    This paper discusses house price developments in the Netherlands, specifically focussing on the question whether current house prices in the Dutch owner-occupied market are likely to decrease. We analyse three aspects of the question based on a literature review: (1) whether there is a house price bubble ready to burst; (2) whether house prices will decline in response to the credit crisis that started in 2007; and (3) whether it is likely that house prices will decrease as a result of reform...

  16. Metal based gas diffusion layers for enhanced fuel cell performance at high current densities

    Science.gov (United States)

    Hussain, Nabeel; Van Steen, Eric; Tanaka, Shiro; Levecque, Pieter

    2017-01-01

    The gas diffusion layer strongly influences the performance and durability of polymer electrolyte fuel cells. A major drawback of current carbon fiber based GDLs is the non-controlled variation in porosity resulting in a random micro-structure. Moreover, when subjected to compression these materials show significant reduction in porosity and permeability leading to water management problems and mass transfer losses within the fuel cell. This study investigated the use of uniform perforated metal sheets as GDLs in conjunction with microchannel flowfields. A metal sheet design with a pitch of 110 μm and a hole diameter of 60 μm in combination with an MPL showed superior performance in the high current density region compared to a commercially available carbon paper based GDL in a single cell environment. Fuel cell testing with different oxidants (air, heliox and oxygen) indicate that the metal sheet offers both superior diffusion and reduced flooding in comparison to the carbon based GDL. The presence of the MPL has been found to be critical to the functionality of the metal sheet suggesting that the MPL design may represent an important optimisation parameter for further improvements in performance.

  17. Experimental Investigation of a Direct Methanol Fuel Cell with Hilbert Fractal Current Collectors

    Directory of Open Access Journals (Sweden)

    Jing-Yi Chang

    2014-01-01

    Full Text Available The Hilbert curve is a continuous type of fractal space-filling curve. This fractal curve visits every point in a square grid with a size of 2×2, 4×4, or any other power of two. This paper presents Hilbert fractal curve application to direct methanol fuel cell (DMFC current collectors. The current collectors are carved following first, second, and third order Hilbert fractal curves. These curves give the current collectors different free open ratios and opening perimeters. We conducted an experimental investigation into DMFC performance as a function of the free open ratio and opening perimeter on the bipolar plates. Nyquist plots of the bipolar plates are made and compared using electrochemical impedance spectroscopy (EIS experiments to understand the phenomena in depth. The results obtained in this paper could be a good reference for future current collector design.

  18. An EIS alternative for impedance measurement of a high temperature PEM fuel cell stack based on current pulse injection

    DEFF Research Database (Denmark)

    Jeppesen, Christian; Araya, Samuel Simon; Sahlin, Simon Lennart

    2017-01-01

    In this paper a method for estimating the fuel cell impedance is presented, namely the current pulse injection (CPI) method, which is well suited for online implementation. This method estimates the fuel cell impedance and unlike electrochemical impedance spectroscopy (EIS), it is simple to imple...

  19. An electricity price model with consideration to load and gas price effects

    Institute of Scientific and Technical Information of China (English)

    黄民翔; 陶小虎; 韩祯祥

    2003-01-01

    Some characteristics of the electricity load and prices are studied, and the relationship between electricity prices and gas (fuel) prices is analyzed in this paper. Because electricity prices are strongly dependent on load and gas prices, the authors constructed a model for electricity prices based on the effects of these two factors; and used the Geometric Mean Reversion Brownian Motion (GMRBM) model to describe the electricity load process, and a Geometric Brownian Motion(GBM) model to describe the gas prices; deduced the price stochastic process model based on the above load model and gas price model. This paper also presents methods for parameters estimation, and proposes some methods to solve the model.

  20. Oil Prices Take a Hike

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    The National Development and Reform Commission(NDRC),China’s top economic planner,announced at the end of October that the benchmark prices of gasoline,diesel oil and aviation kerosene would be raised by 500 yuan per ton. Recently,international oil prices have been rising continuously.Crude oil futures prices traded in New York surged to$93 per barrel on October 29. However,in China,oil prices are set by the government and not by the market. The recent hike on the price of oil in China is a measure implemented,to narrow the gap between soaring global crude oil prices and domestic fuel prices.NDRC officials answered questions posed by Xinhua News Agency about recent oil price hikes.The questions and answers follow:

  1. Advanced Steels for Accident Tolerant Fuel Cladding in Current Light Water Reactors

    Science.gov (United States)

    Rebak, Raul B.

    After the March 2011 Fukushima events, the U.S. Congress directed the Department of Energy (DOE) to focus efforts on the development of fuel cladding materials with enhanced accident tolerance. In comparison with the stand-ard UO2-Zirconium based system, the new fuels need to tolerate loss of active cooling in the core for a considerably longer time period while maintaining or improving the fuel performance during normal operation conditions. Advanced steels such as iron-chromium-aluminum (FeCrAl) alloys are being investigated for degradation behavior both under normal operation conditions in high temperature water (e.g. 288°C) and under accident conditions for reaction with steam up to 1400°C. Commercial and experimental alloys were tested for several periods of time in 100% superheated steam from 800°C to 1475°C. Results show that FeCrAl alloys significantly outperform the resistance in steam of the current zirconium alloys.

  2. Analysis of Gas Leakage and Current Loss of Solid Oxide Fuel Cells by Screen Printing

    DEFF Research Database (Denmark)

    Jia, Chuan; Han, Minfang; Chen, Ming

    2017-01-01

    calculated. Their performances of electrochemical impedance spectroscopy (EIS) were compared and distribution function of relaxation times (DRT) technique was also used to find the clue of gas leakage. Finally, thinning and penetrating holes were observed in electrolyte layer, which confirmed the occurrence......Two types of anode supported solid oxide fuel cell (SOFC) NiO-YSZ/YSZ/GDC/LSCF with the same structure and different manufacturing process were tested. Gas leakage was suspected for cells manufactured with screen printing technique. Effective leak current densities for both types of cells were...

  3. System analysis with improved thermo-mechanical fuel rod models for modeling current and advanced LWR materials in accident scenarios

    Science.gov (United States)

    Porter, Ian Edward

    A nuclear reactor systems code has the ability to model the system response in an accident scenario based on known initial conditions at the onset of the transient. However, there has been a tendency for these codes to lack the detailed thermo-mechanical fuel rod response models needed for accurate prediction of fuel rod failure. This proposed work will couple today's most widely used steady-state (FRAPCON) and transient (FRAPTRAN) fuel rod models with a systems code TRACE for best-estimate modeling of system response in accident scenarios such as a loss of coolant accident (LOCA). In doing so, code modifications will be made to model gamma heating in LWRs during steady-state and accident conditions and to improve fuel rod thermal/mechanical analysis by allowing axial nodalization of burnup-dependent phenomena such as swelling, cladding creep and oxidation. With the ability to model both burnup-dependent parameters and transient fuel rod response, a fuel dispersal study will be conducted using a hypothetical accident scenario under both PWR and BWR conditions to determine the amount of fuel dispersed under varying conditions. Due to the fuel fragmentation size and internal rod pressure both being dependent on burnup, this analysis will be conducted at beginning, middle and end of cycle to examine the effects that cycle time can play on fuel rod failure and dispersal. Current fuel rod and system codes used by the Nuclear Regulatory Commission (NRC) are compilations of legacy codes with only commonly used light water reactor materials, Uranium Dioxide (UO2), Mixed Oxide (U/PuO 2) and zirconium alloys. However, the events at Fukushima Daiichi and Three Mile Island accident have shown the need for exploration into advanced materials possessing improved accident tolerance. This work looks to further modify the NRC codes to include silicon carbide (SiC), an advanced cladding material proposed by current DOE funded research on accident tolerant fuels (ATF). Several

  4. Energy prices; Prix des energies

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-01-15

    This folder presents a synthesis of the main energy tariffs and prices in January 2007 and their comparison with the average annual data for 2005 and 2006. Data are presented in tables by sector of activity and by energy source: transports (automotive fuels), residential (fuel oil, district heating, propane, coal, wood-fuel, electricity, natural gas), industry (natural gas, electricity, heavy fuel oil, coal). (J.S.)

  5. Electric current generation by sulfur-reducing bacteria in microbial-anode fuel cell

    Science.gov (United States)

    Vasyliv, Oresta M.; Bilyy, Oleksandr I.; Ferensovych, Yaroslav P.; Hnatush, Svitlana O.

    2012-10-01

    Sulfur - reducing bacteria are a part of normal microflora of natural environment. Their main function is supporting of reductive stage of sulfur cycle by hydrogen sulfide production in the process of dissimilative sulfur-reduction. At the same time these bacteria completely oxidize organic compounds with CO2 and H2O formation. It was shown that they are able to generate electric current in the two chamber microbial-anode fuel cell (MAFC) by interaction between these two processes. Microbial-anode fuel cell on the basis of sulfur- and ferric iron-reducing Desulfuromonas acetoxidans bacteria has been constructed. It has been shown that the amount of electricity generation by investigated bacteria is influenced by the concentrations of carbon source (lactate) and ferric iron chloride. The maximal obtained electric current and potential difference between electrodes equaled respectively 0.28-0.29 mA and 0.19-0.2 V per 0.3 l of bacterial suspension with 0.4 g/l of initial biomass that was grown under the influence of 0.45 mM of FeCl3 and 3 g/l of sodium lactate as primal carbon source. It has also been shown that these bacteria are resistant to different concentrations of silver ions.

  6. Distribution of the Current Density in Electrolyte of the Pem Fuel Cell

    Directory of Open Access Journals (Sweden)

    Eugeniusz Kurgan

    2004-01-01

    Full Text Available In this paper water management in proton exchange membrane (PEM fuel cell is considered. Firt mass convervation law for water is applied. Next proton transport is described by the Nernst-Planck equation and liqid water convection velocity is eliminated by the Schlogl equation. Electro-osmotic drag coefficient is related to hydrogen index and experimentally determined swelling coefficient. Three partial differential equations for molar water concentration Cw, electric potential ϕ and water pressure Pw are formulated. Current density vector i is derived from proton flux expression. These equations together with adequate boundary conditions were solved using finite element method. The distribution of electric potential and current density in function of geometrical parametres is investigated. At the end some illustrative example is given.

  7. Robust low frequency current ripple elimination algorithm for grid-connected fuel cell systems with power balancing technique

    Energy Technology Data Exchange (ETDEWEB)

    Kim, Jong-Soo; Choe, Gyu-Yeong; Lee, Byoung-Kuk [School of Information and Communication Engineering, Sungkyunkwan University, 300 Cheoncheon-dong, Jangan-gu, Suwon, Gyeonggi-do 440-746 (Korea, Republic of); Kang, Hyun-Soo [R and D Center, Advanced Drive Technology (ADT) Company, 689-26 Geumjeong-dong, Gunpo-si, Gyeonggi-do 435-862 (Korea, Republic of)

    2011-05-15

    The low frequency current ripple in grid-connected fuel cell systems is generated from dc-ac inverter operation, which generates 60 Hz fundamental component, and gives harmful effects on fuel cell stack itself, such as making cathode surface responses slower, causing an increase of more than 10% in the fuel consumption, creating oxygen starvation, causing a reduction in the operating lifetime, and incurring a nuisance tripping such as overload situation. With these reasons, low frequency current ripple makes fuel cell system unstable and lifetime of fuel cell stack itself short. This paper presents a fast and robust control algorithm to eliminate low frequency current ripple in grid-connected fuel cell systems. Compared with the conventional methods, in the proposed control algorithm, dc link voltage controller is shifted from dc-dc converter to dc-ac inverter, resulting that dc-ac inverter handles dc link voltage control and output current control simultaneously with help of power balancing technique. The results indicate that the proposed algorithm can not only completely eliminate current ripple but also significantly reduce the overshoot or undershoot during transient states without any extra hardware. The validity of the proposed algorithm is verified by computer simulations and also by experiments with a 1 kW laboratory prototype. (author)

  8. Periodicals Price Survey 2002: Doing the Digital Flip.

    Science.gov (United States)

    Van Orsdel, Lee; Born, Kathleen

    2002-01-01

    Presents the annual periodicals price study. Highlights include average prices; cost histories; cost projections for future budgeting; electronic journal issues; flip pricing, defined as online access at the core of pricing negotiations; various pricing models; purchasing print at deeply discounted prices; and current trends in pricing and in the…

  9. CURRENT STATUS OF INTEGRITY ASSESSMENT BY SIPPING SYSTEM OF SPENT FUEL BUNDLES IRRADIATED IN CANDU REACTOR

    Directory of Open Access Journals (Sweden)

    JONG-YOUL PARK

    2014-12-01

    Full Text Available In terms of safety and the efficient management of spent fuel storage, detecting failed fuel is one of the most important tasks in a CANada Deuterium Uranium (CANDU reactor operation. It has been successfully demonstrated that in a CANDU reactor, on-power failed fuel detection and location systems, along with alarm area gamma monitors, can detect and locate defective and suspect fuel bundles before discharging them from the reactor to the spent fuel storage bay. In the reception bay, however, only visual inspection has been used to identify suspect bundles. Gaseous fission product and delayed neutron monitoring systems cannot precisely distinguish failed fuel elements from each fuel bundle. This study reports the use of a sipping system in a CANDU reactor for the integrity assessment of spent fuel bundles. The integrity assessment of spent fuel bundles using this sipping system has shown promise as a nondestructive test for detecting a defective fuel bundle in a CANDU reactor.

  10. Influence of current collectors design on the performance of a silicon-based passive micro direct methanol fuel cell

    Energy Technology Data Exchange (ETDEWEB)

    Esquivel, J.P.; Sabate, N.; Santander, J.; Torres-Herrero, N.; Gracia, I.; Ivanov, P.; Fonseca, L.; Cane, C. [Instituto de Microelectronica de Barcelona, IMB-CNM (CSIC), Campus UAB, 08193 Bellaterra, Barcelona (Spain)

    2009-10-20

    In this paper, the influence of current collector open ratio on the performance of a passive micro direct methanol fuel cell is evaluated. The device is based on a hybrid approach consisting of two microfabricated silicon current collectors assembled together with a commercial membrane electrode assembly. The characterization was performed by measuring polarization curves of the fuel cell using current collectors with different open ratios on anode and cathode. Results show that the way in which the open ratio of current collectors is combined has an effect not only on the output power but also on the repeatability of polarization curves. This study allows the setting of some general design rules for current collectors of passive micro direct methanol fuel cells. (author)

  11. Modelling socio-metabolic transitions: The historical take-off, the acceleration of fossil fuel use, and the 1970s oil price shock - the first trigger of a future decline?

    Science.gov (United States)

    Wiedenhofer, Dominik; Rovenskaya, Elena; Krausmann, Fridolin; Haas, Willi; Fischer-Kowalski, Marina

    2013-04-01

    By talking about socio-metabolic transitions, we talk about changes in the energy base of socio-economic systems, leading to fundamental changes in social and environmental relations. This refers to the historical shift from a biomass-based (agrarian) economy to a fossil fuel based (industrial) economy just as much as to a future shift from fossil fuels to renewable energy carriers. In our presentation, • We will first show that this pattern of transition can be identified for most high income industrial countries: the later the transition started, the faster it proceeded, and the turning point to stabilization of metabolic rates in all of them happened in the early 1970ies. Due to the inherent non-linearity of this process, two approaches will be aplied to estimate parameters for the starting point, transition speed and saturation level: firstly a combination of an expontential and a generalized logistic function and secondly a Gompertz function. For both an iterative test procedure is applied to find the global minimum of the residual error for the whole function and all its parameters. This theory-based approach allows us to apply a robust methodology across all cases, thereby yielding results which can be generalized. • Next, we will show that this was not just a "historical" socio-ecological transition, however. Currently, a substantial number of countries comprising more than half of the world's population are following a similar transitional pathway at an ever accelerating pace. Based on empirical data on physical resource use and the above sketched methodology, we can show that these so-called emerging economies are currently in the take-off or acceleration phase of the very same transition. • Apart from these "endogenous" processes of socio-metabolic transition, we will investigate the effect of external shocks and their impact on the dynamics of energy and materials use. The first such shock we will explore is the oil crisis of 1972 that possibly

  12. Biofuel and Food-Commodity Prices

    Directory of Open Access Journals (Sweden)

    David Zilberman

    2012-09-01

    Full Text Available The paper summarizes key findings of alternative lines of research on the relationship between food and fuel markets, and identifies gaps between two bodies of literature: one that investigates the relationship between food and fuel prices, and another that investigates the impact of the introduction of biofuels on commodity-food prices. The former body of literature suggests that biofuel prices do not affect food-commodity prices, but the latter suggests it does. We try to explain this gap, and then show that although biofuel was an important contributor to the recent food-price inflation of 2001–2008, its effect on food-commodity prices declined after the recession of 2008/09. We also show that the introduction of cross-price elasticity is important when explaining soybean price, but less so when explaining corn prices.

  13. Study of flow channel geometry using current distribution measurement in a high temperature polymer electrolyte membrane fuel cell

    Science.gov (United States)

    Lobato, Justo; Cañizares, Pablo; Rodrigo, Manuel A.; Pinar, F. Javier; Úbeda, Diego

    To improve fuel cell design and performance, research studies supported by a wide variety of physical and electrochemical methods have to be carried out. Among the different techniques, current distribution measurement owns the desired feature that can be performed during operation, revealing information about internal phenomena when the fuel cell is working. Moreover, short durability is one of the main problems that is hindering fuel cell wide implementation and it is known to be related to current density heterogeneities over the electrode surface. A good flow channel geometry design can favor a uniform current density profile, hence hypothetically extending fuel cell life. With this, it was thought that a study on the influence of flow channel geometry on the performance of a high temperature polymer electrolyte membrane (PEM) fuel cell using current distribution measurement should be a very solid work to optimize flow field design. Results demonstrate that the 4 step serpentine and pin-type geometries distribute the reactants more effectively, obtaining a relatively flat current density map at higher current densities than parallel or interdigitated ones and yielding maximum powers up to 25% higher when using oxygen as comburent. If air is the oxidant chosen, interdigitated flow channels perform almost as well as serpentine or pin-type due to that the flow conditions are very important for this geometry.

  14. Adaptation to high current using low external resistances eliminates power overshoot in microbial fuel cells

    KAUST Repository

    Hong, Yiying

    2011-10-01

    One form of power overshoot commonly observed with mixed culture microbial fuel cells (MFCs) is doubling back of the power density curve at higher current densities, but the reasons for this type of overshoot have not been well explored. To investigate this, MFCs were acclimated to different external resistances, producing a range of anode potentials and current densities. Power overshoot was observed for reactors acclimated to higher (500 and 5000. Ω) but not lower (5 and 50. Ω) resistances. Acclimation of the high external resistance reactors for a few cycles to low external resistance (5. Ω), and therefore higher current densities, eliminated power overshoot. MFCs initially acclimated to low external resistances exhibited both higher current in cyclic voltammograms (CVs) and higher levels of redox activity over a broader range of anode potentials (-0.4 to 0. V; vs. a Ag/AgCl electrode) based on first derivative cyclic voltammetry (DCV) plots. Reactors acclimated to higher external resistances produced lower current in CVs, exhibited lower redox activity over a narrower anode potential range (-0.4 to -0.2. V vs. Ag/AgCl), and failed to produce higher currents above ∼-0.3. V (vs. Ag/AgCl). After the higher resistance reactors were acclimated to the lowest resistance they also exhibited similar CV and DCV profiles. Our findings show that to avoid overshoot, prior to the polarization and power density tests the anode biofilm must adapt to low external resistances to be capable of higher currents. © 2011 Elsevier B.V.

  15. Current status of materials development of nuclear fuel cladding tubes for light water reactors

    Energy Technology Data Exchange (ETDEWEB)

    Duan, Zhengang, E-mail: duan_zg@imr.tohoku.ac.jp [Department of Quantum Science and Energy Engineering, Graduate School of Engineering, Tohoku University, Sendai, Miyagi 980-8577 (Japan); Yang, Huilong [Department of Nuclear Engineering, School of Engineering, The University of Tokyo, Nakagun, Ibaraki 319-1188 (Japan); Satoh, Yuhki [Institute for Materials Research, Tohoku University, Sendai, Miyagi 980-8577 (Japan); Murakami, Kenta; Kano, Sho; Zhao, Zishou; Shen, Jingjie [Department of Nuclear Engineering, School of Engineering, The University of Tokyo, Nakagun, Ibaraki 319-1188 (Japan); Abe, Hiroaki, E-mail: abe.hiroaki@n.t.u-tokyo.ac.jp [Department of Nuclear Engineering, School of Engineering, The University of Tokyo, Nakagun, Ibaraki 319-1188 (Japan)

    2017-05-15

    Zirconium-based (Zr-based) alloys have been widely used as materials for the key components in light water reactors (LWRs), such as fuel claddings which suffer from waterside corrosion, hydrogen uptakes and strength loss at elevated temperature, especially during accident scenarios like the lost-of-coolant accident (LOCA). For the purpose of providing a safer, nuclear leakage resistant and economically viable LWRs, three general approaches have been proposed so far to develop the accident tolerant fuel (ATF) claddings: optimization of metallurgical composition and processing of Zr-based alloys, coatings on existing Zr-based alloys and replacement of current Zr-based alloys. In this manuscript, an attempt has been made to systematically present the historic development of Zr-based cladding, including the impacts of alloying elements on the material properties. Subsequently, the research investigations on coating layer on the surface of Zr-based claddings, mainly referring coating materials and fabrication methods, have been broadly reviewed. The last section of this review provides the introduction to alternative materials (Non-Zr) to Zr-based alloys for LWRs, such as advanced steels, Mo-based, and SiC-based materials.

  16. Eddy current NDT: a suitable tool to measure oxide layer thickness in PWR fuel rods

    Energy Technology Data Exchange (ETDEWEB)

    Alencar, Donizete A.; Silva Junior, Silverio F. [Centro de Desenvolvimento da Tecnologia Nuclear (CDTN), Belo Horizonte, MG (Brazil)], e-mail: daa@cdtn.br, e-mail: silvasf@cdtn.br; Vieira, Andre L.P.S. [Industrias Nucleares do Brasil (INB S.A.), Resende, RJ (Brazil). Fabrica de Combustivel Nuclear], e-mail: andre@inb.gov.br; Soares, Adolpho [Technotest Consultoria e Acessoria Ltda., Belo Horizonte, MG (Brazil)], e-mail: adolpho@technotest.com.br

    2009-07-01

    Eddy current is a nondestructive test (NDT) widely used in industry to support integrity analysis of components and equipment. In the nuclear area it is frequently applied to inspect tubes installed in tube exchangers, such as steam generators and condensers in PWR plants, as well as turbine blades. Adequately assisted by means of robotic devices, that inspection method has been pointed as a suitable tool to perform accurate oxide layer thickness measurements in PWR fuel rods. This paper shows some theoretical aspects and physical operating principles of the inspection method, as well as test probes construction details, and the calibration reference standards fabrication processes. Furthermore, some data, experimentally obtained at INB laboratories and other technical information obtained from TECNATOM S.A. are presented, showing the accuracy and efficacy of such NDT method. (author)

  17. High Current Planar Magnetics for High Efficiency Bidirectional DC-DC Converters for Fuel Cell Applications

    DEFF Research Database (Denmark)

    Pittini, Riccardo; Zhang, Zhe; Andersen, Michael A. E.

    2014-01-01

    Efficiency is one of the main concerns during the design phase of switch mode power supply. Planar magnetics based on PCB windings have the potential to reduce the magnetic manufacturing cost however, one of their main drawbacks comes from their low filling factor and high stray capacitance....... This paper presents an analysis of different planar windings configurations focusing on dc and ac resistances in order to achieve highly efficiency in dc-dc converters. The analysis considers different copper thicknesses form 70 μm up to 1500 μm (extreme copper PCB) taking into account manufacturing...... complexity and challenges. The analysis is focused on a high current inductor for a dc-dc converter for fuel cell applications and it is based on FEM simulations. Analysis and results are verified on a 6 kW dc-dc isolated full bridge boost converter prototype based on fully planar magnetics achieving a peak...

  18. Influence of cell voltage and current on sulfur poisoning behavior of solid oxide fuel cells

    Science.gov (United States)

    Cheng, Zhe; Zha, Shaowu; Liu, Meilin

    The sulfur poisoning behavior of nickel-yttria stabilized zirconia (YSZ) cermet anodes in solid oxide fuel cells (SOFCs) was investigated under both potentiostatic and galvanostatic conditions. While the observed relative drop in cell power output caused by sulfur poisoning decreases as the cell-terminal voltage is lowered potentiostatically (thus more current passing through the cell), it increases as more current is drawn from the cell galvanostatically (thus leading to lower terminal voltage). The apparent contradictory trends in relative performance loss due to sulfur poisoning are explained using a simple equivalent circuit analysis, which was further validated by impedance measurements of cells before and after poisoning by trace amounts of hydrogen sulfide (H 2S) under different conditions. Results suggest that the relative increase in cell internal resistance caused by sulfur poisoning is smaller when more current is drawn from the cell (or the cell-terminal voltage is lowered) under either potentiostatic or galvanostatic conditions. Thus, the increase in anode polarization resistance, not the drop in cell power output, should be used to describe the degree of sulfur poisoning in order to avoid any confusion.

  19. Current short circuit implementation for performance improvement and lifetime extension of proton exchange membrane fuel cell

    Science.gov (United States)

    Zhan, Yuedong; Guo, Youguang; Zhu, Jianguo; Li, Li

    2014-12-01

    To improve its performance, extend its lifetime, and overcome the problem of the slow dynamic during the start-up and the operation process of a proton exchange membrane fuel cell (PEMFC), this paper presents current short circuit and smart energy management approaches for a main PEMFC with auxiliary PEMFC, battery and supercapacitor as hybrid power source in parallel with an intelligent uninterrupted power supply (UPS) system. The hybrid UPS system consists of two low-cost 63-cell 300 W PEMFC stacks, 3-cell lead-acid battery, and 20-cell series-connected supercapacitors. Based on the designed intelligent hybrid UPS system, experimental tests and theoretical studies are conducted. Firstly, the modeling of PEMFC is obtained and evaluated. Then the performance improvement mechanism of the current short circuit is proposed and analyzed based on the Faradaic process and non-Faradaic process of electrochemical theory. Finally, the performances of the main PEMFC with the auxiliary PEMFC/battery/supercapacitor hybrid power source and intelligent energy management are experimentally measured and analyzed. The proposed current short circuit method can significantly extend the lifetime, improve the performance of PEMFC and decrease the size of the main FC for stationary, backup power sources and vehicular applications.

  20. Price Discrimination

    OpenAIRE

    Armstrong, Mark

    2008-01-01

    This paper surveys recent economic research on price discrimination, both in monopoly and oligopoly markets. Topics include static and dynamic forms of price discrimination, and both final and input markets are considered. Potential antitrust aspects of price discrimination are highlighted throughout the paper. The paper argues that the informational requirements to make accurate policy are very great, and with most forms of price discrimination a laissez-faire policy may be the best availabl...

  1. Fuel Character Effects on Current, High Pressure Ratio, Can-Type Turbine Combustion Systems

    Science.gov (United States)

    1980-04-01

    out (’ LCF low cycle fatigue TLR fuel lower heating value, MJ/kg Mach number MS Gulf mineral seal oil, fuel additive NO oxides of nitrogen K P...fuel properties are presented in Subsections C (single variable) and D ( multipla variables). Projections of combustor and turtine hardware life based

  2. Transfer Pricing

    DEFF Research Database (Denmark)

    Nielsen, Søren Bo

    2014-01-01

    Against a background of rather mixed evidence about transfer pricing practices in multinational enterprises (MNEs) and varying attitudes on the part of tax authorities, this paper explores how multiple aims in transfer pricing can be pursued across four different transfer pricing regimes. A MNE h...

  3. Cathode Assessment for Maximizing Current Generation in Microbial Fuel Cells Utilizing Bioethanol Effluent as Substrate

    Directory of Open Access Journals (Sweden)

    Guotao Sun

    2016-05-01

    Full Text Available Implementation of microbial fuel cells (MFCs for electricity production requires effective current generation from waste products via robust cathode reduction. Three cathode types using dissolved oxygen cathodes (DOCs, ferricyanide cathodes (FeCs and air cathodes (AiCs were therefore assessed using bioethanol effluent, containing 20.5 g/L xylose, 1.8 g/L arabinose and 2.5 g/L propionic acid. In each set-up the anode and cathode had an electrode surface area of 88 cm2, which was used for calculation of the current density. Electricity generation was evaluated by quantifying current responses to substrate loading rates and external resistance. At the lowest external resistance of 27 Ω and highest substrate loading rate of 2 g chemical oxygen demand (COD per L·day, FeC-MFC generated highest average current density (1630 mA/m2 followed by AiC-MFC (802 mA/m2 and DOC-MFC (184 mA/m2. Electrochemical impedance spectroscopy (EIS was used to determine the impedance of the cathodes. It was thereby confirmed that the FeC-MFC produced the highest current density with the lowest internal resistance for the cathode. However, in a setup using bioethanol effluent, the AiC-MFC was concluded to be the most sustainable option since it does not require ferricyanide. The data offer a new add-on option to the straw biorefinery by using bioethanol effluent for microbial electricity production.

  4. Enhanced current and power density of micro-scale microbial fuel cells with ultramicroelectrode anodes

    Science.gov (United States)

    Ren, Hao; Rangaswami, Sriram; Lee, Hyung-Sool; Chae, Junseok

    2016-09-01

    We present a micro-scale microbial fuel cell (MFC) with an ultramicroelectrode (UME) anode, with the aim of creating a miniaturized high-current/power-density converter using carbon-neutral and renewable energy sources. Micro-scale MFCs have been studied for more than a decade, yet their current and power densities are still an order of magnitude lower than those of their macro-scale counterparts. In order to enhance the current/power densities, we engineer a concentric ring-shaped UME, with a width of 20 μm, to facilitate the diffusion of ions in the vicinity of the micro-organisms that form biofilm on the UME. The biofilm extends approximately 15 μm from the edge of the UME, suggesting the effective biofilm area increases. Measured current/power densities per the effective area and the original anode area are 7.08  ±  0.01 A m-2 & 3.09  ±  0.04 W m-2 and 17.7  ±  0.03 A m-2 & 7.72  ±  0.09 W m-2, respectively. This is substantially higher than any prior work in micro-scale MFCs, and very close, or even higher, to that of macro-scale MFCs. A Coulombic efficiency, a measure of how efficiently an MFC harvests electrons from donor substrate, of 70%, and an energy conversion efficiency of 17% are marked, highlighting the micro-scale MFC as an attractive alternative within the existing energy conversion portfolio.

  5. Current Development Status of a Particle Size Analyzer for Coated Particle Fuel

    Energy Technology Data Exchange (ETDEWEB)

    Nelson, Andrew T [ORNL; Hunn, John D [ORNL; Karnowski, Thomas Paul [ORNL

    2007-08-01

    Work was performed to develop a prototype Particle Size Analyzer (PSA) for application to coated particle fuel characterization. This system was based on a light obscuration method and targeted towards high throughput analysis. Although never matured to the point of replacing existing lower throughput optical microscopy shadowgraph methods, the system was successfully applied to automating the counting of large particle samples for increased accuracy in calculating mean particle properties based on measurements of multiparticle samples. The measurement of particle size with the PSA was compared to current shadowgraph techniques and found to result in considerably greater throughput at the cost of larger measurement uncertainty. The current algorithm used by the PSA is more sensitive to particle shape and this is a likely cause of the greater uncertainty when attempting to measure average particle diameter. The use of the PSA to measure particle shape will require further development. Particle transport through the PSA and stability of the light source/detector are key elements in the successful application of this technique. A number of system pitfalls were studied and addressed.

  6. Mesh optimization for microbial fuel cell cathodes constructed around stainless steel mesh current collectors

    KAUST Repository

    Zhang, Fang

    2011-02-01

    Mesh current collectors made of stainless steel (SS) can be integrated into microbial fuel cell (MFC) cathodes constructed of a reactive carbon black and Pt catalyst mixture and a poly(dimethylsiloxane) (PDMS) diffusion layer. It is shown here that the mesh properties of these cathodes can significantly affect performance. Cathodes made from the coarsest mesh (30-mesh) achieved the highest maximum power of 1616 ± 25 mW m-2 (normalized to cathode projected surface area; 47.1 ± 0.7 W m-3 based on liquid volume), while the finest mesh (120-mesh) had the lowest power density (599 ± 57 mW m-2). Electrochemical impedance spectroscopy showed that charge transfer and diffusion resistances decreased with increasing mesh opening size. In MFC tests, the cathode performance was primarily limited by reaction kinetics, and not mass transfer. Oxygen permeability increased with mesh opening size, accounting for the decreased diffusion resistance. At higher current densities, diffusion became a limiting factor, especially for fine mesh with low oxygen transfer coefficients. These results demonstrate the critical nature of the mesh size used for constructing MFC cathodes. © 2010 Elsevier B.V. All rights reserved.

  7. Household fuel demand analysis

    Energy Technology Data Exchange (ETDEWEB)

    Cohn, S.; Hirst, E.; Jackson, J.

    1976-01-01

    This study develops econometric models of residential demands for electricity, natural gas, and petroleum products. Fuel demands per household are estimated as functions of fuel prices, per capita income, heating degree days, and mean July temperature. Cross-sectional models are developed using a large data base containing observations for each state and year from 1951 through 1974. Long-run own-price elasticities for all three fuels are greater than unity with natural gas showing the greatest sensitivity to own-price changes. Cross-price elasticities are all less than unity except for the elasticity of demand for oil with respect to the price of gas (which is even larger than the own-price elasticity of demand for oil). The models show considerable stabiity with respect to own-price elasticities but much instability with respect to the cross-price and income elasticities.

  8. Transition from monopoly pricing to competitive pricing

    Energy Technology Data Exchange (ETDEWEB)

    Perera, L. [Eastern Energy Ltd., Melbourne, VIC (Australia)

    1995-12-31

    The Victorian Government has embarked on a program to restructure the State electricity supply industry, that will be the precursor to reform throughout the whole of Australia. The Government is depending on competition to drive efficiency improvements to both generation and distribution businesses. Retail pricing will be the key determinant to a future assessment of the success or failure of these reforms. The paper examines electricity pricing before and after the restructuring from the viewpoint of a practitioner at the cutting edge of the reform process. Economic rationale is put forward why the Value Proposition will replace the Cost Recovery basis previously used in electricity pricing. It is concluded that limitations of interstate links will temper intestate competition unless innovative solution can be found. The current method of setting market prices based on a `Pool System` is only efficient if the generators bid their marginal price on a regular basis. In essence the pool replaces the `merit order` previously used to load generators and is basically a scheduling mechanism. Serious consideration needs to be given to the question whether this mechanism should be also setting the price of electricity. (author). 5 tabs.

  9. Modeling and control of a proton exchange membrane fuel cell with the air compressor according to requested electrical current

    Directory of Open Access Journals (Sweden)

    Malekbala Mohammad Rahim

    2015-01-01

    Full Text Available The aim of this paper is to design and investigate the dynamic behavior of a PEM fuel cell system. Dynamic analysis of a PEM fuel cell system has been done in Matlab\\Simulink software according to electrical current that has been applied from hybrid system. In addition, dynamical fuel cell system has been explained according to oriented control that is started from air injection compressor model. Also hydrogen valve actuator has been controlled according to the compressor model. The results of the fuel cell dynamic model as well as the applied compressor model are fully validated based on the available results in the open literature. Finally, the effects of several operating parameters of the fuel cell system such as anode and cathode pressures, cell voltage, compressor voltage, compressor mass flow rate variation with respect to inlet pressure ratio, net and stack powers on the dynamic behavior of the hybrid system are investigated. The results show that the model can predict the dynamic behavior of the fuel cell system accurately and it can be used directly for any control purposes.

  10. Electrolytic/fuel cell bundles and systems including a current collector in communication with an electrode thereof

    Science.gov (United States)

    Hawkes, Grant L.; Herring, James S.; Stoots, Carl M.; O& #x27; Brien, James E.

    2013-03-05

    Electrolytic/fuel cell bundles and systems including such bundles include an electrically conductive current collector in communication with an anode or a cathode of each of a plurality of cells. A cross-sectional area of the current collector may vary in a direction generally parallel to a general direction of current flow through the current collector. The current collector may include a porous monolithic structure. At least one cell of the plurality of cells may include a current collector that surrounds an outer electrode of the cell and has at least six substantially planar exterior surfaces. The planar surfaces may extend along a length of the cell, and may abut against a substantially planar surface of a current collector of an adjacent cell. Methods for generating electricity and for performing electrolysis include flowing current through a conductive current collector having a varying cross-sectional area.

  11. Predicting Argentine Jet Fuel Prices

    Science.gov (United States)

    2007-03-01

    Juan Angel Salaverry iv AFIT/GLM/ENC/07M-01 Abstract Oil distillates are considered important elements to accomplish the missions of the...1 for calculations from February 2006 and zero otherwise. ŷ v Table of Contents Page Acknowledgements iv Abstract v...Book of Economy, Volume 40, Number 121, Pages 762-767, December. 2003. ISSN 0717-6821 De Dicco Ricardo Andrés. El costo del barril de petróleo crudo

  12. Industrial fuel gas demonstration plant program. Current working estimate. Phase III and III

    Energy Technology Data Exchange (ETDEWEB)

    1979-12-01

    The United States Department of Energy (DOE) executed a contract with Memphis Light, Gas and Water Division (MLGW) which requires MLGW to perform process analysis, design, procurement, construction, testing, operation, and evaluation of a plant which will demonstrate the feasibility of converting high sulfur bituminous coal to industrial fuel gas with a heating value of 300 +- 30 Btu per standard cubic foot (SCF). The demonstration plant is based on the U-Gas process, and its product gas is to be used in commercial applications in Memphis, Tenn. The contract specifies that the work is to be conducted in three phases. The Phases are: Phase I - Program Development and Conceptual Design; Phase II - Demonstration Plant Final Design, Procurement and Construction; and Phase III - Demonstration Plant Operation. Under Task III of Phase I, a Cost Estimate for the Demonstration Plant was completed as well as estimates for other Phase II and III work. The output of this Estimate is presented in this volume. This Current Working Estimate for Phases II and III is based on the Process and Mechanical Designs presented in the Task II report (second issue) and the 12 volumes of the Task III report. In addition, the capital cost estimate summarized in the appendix has been used in the Economic Analysis (Task III) Report.

  13. Current legal and institutional issues in the commercialization of phosphoric acid fuel cells

    Science.gov (United States)

    Nimmons, J. T.; Sheehy, K. D.; Singer, J. R.; Gardner, T. C.

    1982-01-01

    Legal and institutional factors affecting the development and commercial diffusion of phosphoric acid fuel cells are assessed. Issues for future research and action are suggested. Perceived barriers and potential opportunities for fuel cells in central and dispersed utility operations and on-site applications are reviewed, as well as the general concept of commercialization as applied to emerging energy technologies.

  14. Denitrifying bacterial communities affect current production and nitrous oxide accumulation in a microbial fuel cell.

    Directory of Open Access Journals (Sweden)

    Ariadna Vilar-Sanz

    Full Text Available The biocathodic reduction of nitrate in Microbial Fuel Cells (MFCs is an alternative to remove nitrogen in low carbon to nitrogen wastewater and relies entirely on microbial activity. In this paper the community composition of denitrifiers in the cathode of a MFC is analysed in relation to added electron acceptors (nitrate and nitrite and organic matter in the cathode. Nitrate reducers and nitrite reducers were highly affected by the operational conditions and displayed high diversity. The number of retrieved species-level Operational Taxonomic Units (OTUs for narG, napA, nirS and nirK genes was 11, 10, 31 and 22, respectively. In contrast, nitrous oxide reducers remained virtually unchanged at all conditions. About 90% of the retrieved nosZ sequences grouped in a single OTU with a high similarity with Oligotropha carboxidovorans nosZ gene. nirS-containing denitrifiers were dominant at all conditions and accounted for a significant amount of the total bacterial density. Current production decreased from 15.0 A · m(-3 NCC (Net Cathodic Compartment, when nitrate was used as an electron acceptor, to 14.1 A · m(-3 NCC in the case of nitrite. Contrarily, nitrous oxide (N2O accumulation in the MFC was higher when nitrite was used as the main electron acceptor and accounted for 70% of gaseous nitrogen. Relative abundance of nitrite to nitrous oxide reducers, calculated as (qnirS+qnirK/qnosZ, correlated positively with N2O emissions. Collectively, data indicate that bacteria catalysing the initial denitrification steps in a MFC are highly influenced by main electron acceptors and have a major influence on current production and N2O accumulation.

  15. New empirical generalizations on the determinants of price elasticity

    NARCIS (Netherlands)

    Bijmolt, THA; Van Heerde, HJ; Pieters, RGM

    2005-01-01

    The importance of pricing decisions for firms has fueled an extensive stream of research on price elasticities. In an influential meta-analytical study, Tellis (1988) summarized price elasticity research findings until 1986. However, empirical generalizations on price elasticity require modification

  16. Understanding Price Formation in Electricity Markets

    Science.gov (United States)

    Kadoya, Toshihisa; Sasaki, Tetsuo; Yokoyama, Akihiko; Ihara, Satoru

    The electricity price will influence the future growth and mix of generation capacity that will in turn influence the future electricity price, and therefore, it is important to understand how electricity price is formed as well as its short-term and long-term impacts on the economy. This paper describes evaluation of PJM day-ahead market bidding data and comparison of various electricity markets in terms of the market clearing price and volatility. The objective is to find critical factors and mechanisms determining the movements of electricity price. It was found that speculation by a small number of bidders can cause price spikes, that a Nash equilibrium may exist during a delayed response of the electricity price to a decline of the fuel price, and that the hydro generation with storage capability effectively stabilizes the electricity price.

  17. Managing plutonium in Britain. Current options[Mixed oxide nuclear fuels; Nuclear weapons

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-09-01

    This is the report of a two day meeting to discuss issues arising from the reprocessing of plutonium and production of mixed oxide nuclear fuels in Britain. It was held at Charney Manor, near Oxford, on June 25 and 26, 1998, and was attended by 35 participants, including government officials, scientists, policy analysts, representatives of interested NGO's, journalists, a Member of Parliament, and visiting representatives from the US and Irish governments. The topic of managing plutonium has been a consistent thread within ORG's work, and was the subject of one of our previous reports, CDR 12. This particular seminar arose out of discussions earlier in the year between Dr. Frank Barnaby and the Rt. Hon. Michael Meacher MP, Minister for the Environment. With important decisions about the management of plutonium in Britain pending, ORG undertook to hold a seminar at which all aspects of the subject could be aired. A number of on-going events formed the background to this initiative. The first was British Nuclear Fuels' [BNFL] application to the Environment Agency to commission a mixed oxide fuel [MOX] plant at Sellafield. The second was BNFL's application to vary radioactive discharge limits at Sellafield. Thirdly, a House of Lords Select Committee was in process of taking evidence, on the disposal of radioactive waste. Fourthly, the Royal Society, in a recent report entitled Management of Separated Plutonium, recommended that 'the Government should commission a comprehensive review... of the options for the management of plutonium'. Four formal presentations were made to the meeting, on the subjects of Britain's plutonium policy, commercial prospects for plutonium use, problems of plutonium accountancy, and the danger of nuclear terrorism, by experts from outside the nuclear industry. It was hoped that the industry's viewpoint would also be heard, and BNFL were invited to present a paper, but declined on the grounds that they

  18. Fuel Cell Buses in U.S. Transit Fleets: Current Status 2016

    Energy Technology Data Exchange (ETDEWEB)

    Eudy, Leslie [National Renewable Energy Lab. (NREL), Golden, CO (United States); Post, Matthew [National Renewable Energy Lab. (NREL), Golden, CO (United States); Jeffers, Matthew [National Renewable Energy Lab. (NREL), Golden, CO (United States)

    2016-11-01

    This report, published annually, summarizes the progress of fuel cell electric bus development in the United States and discusses the achievements and challenges of introducing fuel cell propulsion in transit. The report provides a summary of results from evaluations performed by the National Renewable Energy Laboratory. Funding for this effort is provided by the U.S. Department of Energy's Fuel Cell Technologies Office within the Office of Energy Efficiency and Renewable Energy and by the U.S. Department of Transportation's Federal Transit Administration. The 2016 summary results primarily focus on the most recent year for each demonstration, from August 2015 through July 2016. The results for these buses account for more than 550,000 miles traveled and 59,500 hours of fuel cell power system operation. The primary results presented in the report are from three demonstrations of two different fuel-cell-dominant bus designs: Zero Emission Bay Area Demonstration Group led by Alameda-Contra Costa Transit District (AC Transit) in California; American Fuel Cell Bus Project at SunLine Transit Agency in California; and American Fuel Cell Bus Project at the University of California at Irvine.

  19. Residential, Commercial, and Utility-Scale Photovoltaic (PV) System Prices in the United States: Current Drivers and Cost-Reduction Opportunities

    Energy Technology Data Exchange (ETDEWEB)

    Goodrich, A.; James, T.; Woodhouse, M.

    2012-02-01

    The price of photovoltaic (PV) systems in the United States (i.e., the cost to the system owner) has dropped precipitously in recent years, led by substantial reductions in global PV module prices. However, system cost reductions are not necessarily realized or realized in a timely manner by many customers. Many reasons exist for the apparent disconnects between installation costs, component prices, and system prices; most notable is the impact of fair market value considerations on system prices. To guide policy and research and development strategy decisions, it is necessary to develop a granular perspective on the factors that underlie PV system prices and to eliminate subjective pricing parameters. This report's analysis of the overnight capital costs (cash purchase) paid for PV systems attempts to establish an objective methodology that most closely approximates the book value of PV system assets.

  20. 48 CFR 52.215-10 - Price Reduction for Defective Certified Cost or Pricing Data.

    Science.gov (United States)

    2010-10-01

    ... complete, accurate, and current as certified in its Certificate of Current Cost or Pricing Data; (2) A... complete, accurate, and current as certified in the Contractor's Certificate of Current Cost or Pricing... been modified even if accurate, complete, and current certified cost or pricing data had been...

  1. Thermodynamics of sulfur poisoning in solid oxide fuel cells revisited: The effect of H2S concentration, temperature, current density and fuel utilization

    Science.gov (United States)

    da Silva, Aline Lima; Heck, Nestor Cezar

    2015-11-01

    Thermodynamics of sulfur poisoning in SOFCs is revisited in the present study, aiming at contributing to the understanding of the effects of different operating parameters on deactivation by sulfur. Ni-S Gibbs energy diagram shows that, whenever sulfur chemical potential is increased, the catalyst poisoning becomes greater, due to increase in nickel sulfide activity, which is a strictly increasing function of sulfur coverage on Ni surface. For studying current density effect, simulations are carried out in the range of 0 (OCV) - 1 A cm-2, at 1123 K, considering methane as a fuel. At 10 ppm H2S, an increase in current density from 0 (OCV) to 0.5 A cm-2 results in a slight increase in the nickel sulfide activity from 3.0 × 10-6 to 1.2 × 10-5; however, at 1 A cm-2, nickel sulfide activity is 25.000 times higher than at 0.5 A cm-2. At 1 A cm-2, H2 and CO are almost entirely converted to H2O and CO2 by electrochemical reaction. Therefore, the effect of current density becomes remarkable when fuel utilization approaches 100%. These theoretical findings are corroborated by the recent experimental evidences related to the detrimental influence of current density on SOFC performance during sulfur poisoning.

  2. Current liquid metal cooled fast reactor concepts: use of the dry reprocess fuel

    Energy Technology Data Exchange (ETDEWEB)

    Park, Jee Won; Jeong, C. J.; Yang, M. S

    2003-03-01

    Recent Liquid metal cooled Fast Reactor (LFR) concepts are reviewed for investigating the potential usability of the Dry Reprocess Fuel (DRF). The LFRs have been categorized into two different types: the sodium cooled and the lead cooled systems. In each category, overall design and engineering concepts are collected which includes those of S-PRISM, AFR300, STAR, ENHS and more. Specially, the nuclear fuel types which can be used in these LFRs, have been summarized and their thermal, physical and neutronic characteristics are tabulated. This study does not suggest the best-matching LFR for the DRF, but shows good possibility that the DRF fuel can be used in future LFRs.

  3. Transfer Pricing

    DEFF Research Database (Denmark)

    Rohde, Carsten; Rossing, Christian Plesner

    trade internally as the units have to decide what prices should be paid for such inter-unit transfers. One important challenge is to uncover the consequences that different transfer prices have on the willingness in the organizational units to coordinate activities and trade internally. At the same time...

  4. Pricing Options.

    Science.gov (United States)

    Tenopir, Carol

    1998-01-01

    Presents results of a recent survey of over 100 public and academic libraries about pricing options from online companies. Most options fall into three categories: pay-as-you-go, fixed-rate, and user-based. Results are discussed separately for public and academic libraries and for consortial discounts. Trends in pricing options preferred by…

  5. Current density and polarization curves for radial flow field patterns applied to PEMFCs (Proton Exchange Membrane Fuel Cells)

    Energy Technology Data Exchange (ETDEWEB)

    Cano-Andrade, S.; Hernandez-Guerrero, A.; Damian-Ascencio, C.E.; Rubio-Arana, J.C. [Department of Mechanical Engineering, Universidad de Guanajuato, Carretera Salamanca-Valle de Santiago 3.5 + 1.8 km, Comunidad de Palo Blanco, Salamanca, Gto. (Mexico); von Spakovsky, M.R. [Center for Energy Systems Research, Mechanical Engineering Department, Virginia Tech, Blacksburg, VA 24061 (United States)

    2010-02-15

    A numerical solution of the current density and velocity fields of a 3-D PEM radial configuration fuel cell is presented. The energy, momentum and electrochemical equations are solved using a computational fluid dynamics (CFD) code based on a finite volume scheme. There are three cases of principal interest for this radial model: four channels, eight channels and twelve channels placed in a symmetrical path over the flow field plate. The figures for the current-voltage curves for the three models proposed are presented, and the main factors that affect the behavior of each of the curves are discussed. Velocity contours are presented for the three different models, showing how the fuel cell behavior is affected by the velocity variations in the radial configuration. All these results are presented for the case of high relative humidity. The favorable results obtained for this unconventional geometry seems to indicate that this geometry could replace the conventional commercial geometries currently in use. (author)

  6. High Penetrated Wind Farm Impacts on the Electricity Price: The Danish Case

    DEFF Research Database (Denmark)

    Haji Bashi, Mazaher; Yousefi, G. R.; Bak, Claus Leth;

    2016-01-01

    fossil fuel free overview in Danish energy policies, and the currently great share of wind power (more than 100% for some hours) in supplying the load, it is an interesting benchmark for the future electricity markets. Negative prices, price spikes, and price volatility are considered as the main effects......Energy trading policies, intermittency of wind farm output power, low marginal cost of the production, are the key factors that cause the wind farms to be effective on the electricity price. In this paper, the Danish electricity market is studied as a part of Nord Pool. Considering the completely...... of the high penetrated wind farm integration into electricity markets. Then, stochastic programming approach is employed to compare the volume of trades for a typical wind farm in a high and low wind penetrated market. Although increasing price spikes and volatility was reported in the literature...

  7. The International oil price and hydrogen competitiveness

    OpenAIRE

    Hansen, Anders Chr.

    2007-01-01

    Natural gas based hydrogen is expected to provide most of the hydrogen supply in the period prior to and during at least the first years of market introduction of automotive hydrogen and fuel cell technology in large scale. Due to the natural gas price dependency of the international oil price the hydrogen cost level that is required for competitiveness of hydrogen and fuel cell technology depends on the oil price. This gives rise to the question: At which oil price will natural gas based ...

  8. Fuel Cell Buses in U.S. Transit Fleets: Current Status 2010

    Energy Technology Data Exchange (ETDEWEB)

    Eudy, L.; Chandler, K.; Gigakis, C.

    2010-11-01

    This status report, fourth in a series of annual status reports from the U.S. Department of Energy's National Renewable Energy Laboratory, summarizes progress and accomplishments from demonstrations of fuel cell transit buses in the United States. This year's assessment report provides the results from the fifth year of operation of five Van Hool, ISE, and UTC Power fuel cell buses operating at AC Transit, SunLine, and CTTRANSIT. The achievements and challenges of this bus design, implementation, and operating are presented, with a focus on the next steps for implementing larger numbers and new and different designs of fuel cell buses. The major positive result from nearly five years of operation is the dramatic increase in reliability experienced for the fuel cell power system.

  9. Fuel Cell Buses in U.S. Transit Fleets: Current Status 2015

    Energy Technology Data Exchange (ETDEWEB)

    Eudy, Leslie [National Renewable Energy Lab. (NREL), Golden, CO (United States); Post, Matthew [National Renewable Energy Lab. (NREL), Golden, CO (United States); Gikakis, Christina [Federal Transit Administration, Washington, DC (United States)

    2015-12-11

    This report, published annually, summarizes the progress of fuel cell electric bus (FCEB) development in the United States and discusses the achievements and challenges of introducing fuel cell propulsion in transit. Various stakeholders, including FCEB developers, transit agencies, and system integrators, have expressed the value of this annual status report, which provides a summary of results from evaluations performed by the National Renewable Energy Laboratory. The annual status report tracks the progress of the FCEB industry toward meeting technical targets, documents the lessons learned, and discusses the path forward for commercial viability of fuel cell technology for transit buses. The 2015 summary results primarily focus on the most recent year for each demonstration, from August 2014 through July 2015. The results for these buses account for more than 1,045,000 miles traveled and 83,000 hours of fuel cell power system operation. The primary results presented in the report are from two demonstrations of fuel-cell-dominant bus designs: the Zero Emission Bay Area Demonstration Group led by Alameda-Contra Costa Transit District (AC Transit) in California and the American Fuel Cell Bus Project at SunLine Transit Agency in California.

  10. Artificial Shortages and Strategic Pricing

    Directory of Open Access Journals (Sweden)

    Partha Gangopadhyay

    2012-01-01

    Full Text Available Problem statement: We consider a monopolist who manipulates the market by artificially creating shortages that result in an increase in current price that, in turn, boosts demand for the product in subsequent periods. The approach is to develop an intertemporal model of pricing strategy for a monopolist. Approach: The postulated pricing strategy creates an incentive for producers to reduce current supply and raise current prices and sacrifice current profits in order to increase future profits. The main problem is to explain the precise mathematical conditions under which the pricing strategy will be chosen by a monopolist. Results: We derive the optimal pricing strategy to argue that the monopolist has an incentive to adopt simple market manipulation that calls forth a close examination of issues concerning deregulation. Conclusion: The paper examines two possible strategies for a typical monopolist-strategic pricing vis-a-vis a myopic pricing. The intuition is that the monopolist can manipulate the market by artificially creating shortages that result in an increase in current price that, in turn, boosts demand for the product in subsequent periods.

  11. Estimation of cycle-resolved in-cylinder pressure and air-fuel ratio using spark plug ionization current sensing

    Energy Technology Data Exchange (ETDEWEB)

    Lee, B.; Guezennec, Y.G.; Rizzoni, G. [Ohio State University, Columbus, OH (United States). Center for Automotive Research and Intelligent Transportation

    2001-10-01

    In recent years, several new sensor technologies have been developed and implemented within automotive industries due to the increasing requirements for improved engine performance and emission reduction. It requires detailed and specified knowledge of the combustion process inside the engine cylinder along with a sophisticated technique in engine diagnostics and control. During the last few years, the ionization current signal detection has been the emerging technology in the new sensor developments, in which the spark plug is used as a combustion probe, to improve the performance and emissions of an automobile engine. In this paper, a novel methodology will be presented which allows the cycle-resolved as well as the meanvalue estimation of the air-fuel ratio and in-cylinder pressure based on the ionization current signal measurements. The implementation details of this methodology as well as extensive results will be presented for a wide range of air-fuel ratios. The main advantage of this new approach to process the ionization signal is its strong potential for real-time estimation of the air-fuel ratio and combustion diagnostics of individual cylinders and engine cycles. All the complex physics during the actual events (combustion process, ion generation, engine dynamics, etc.) are automatically self-extracted by this technique from acquired data in an initial off-line mapping phase. Once this has been performed, the air-fuel ratio and in-cylinder pressure can easily be estimated for each individual cylinder and combustion event in real-time with few computational requirements. Hence, this methodology has a high potential for the real-time combustion diagnostics and engine control based on the air-fuel ratio and in-cylinder pressure, while eliminating the requirements for installing expensive air-fuel ratio and in-cylinder pressure sensors. The results indicate that estimation of the cycle-resolved air-fuel ratio and in-cylinder pressure is reasonably accurate

  12. Approximate option pricing

    Energy Technology Data Exchange (ETDEWEB)

    Chalasani, P.; Saias, I. [Los Alamos National Lab., NM (United States); Jha, S. [Carnegie Mellon Univ., Pittsburgh, PA (United States)

    1996-04-08

    As increasingly large volumes of sophisticated options (called derivative securities) are traded in world financial markets, determining a fair price for these options has become an important and difficult computational problem. Many valuation codes use the binomial pricing model, in which the stock price is driven by a random walk. In this model, the value of an n-period option on a stock is the expected time-discounted value of the future cash flow on an n-period stock price path. Path-dependent options are particularly difficult to value since the future cash flow depends on the entire stock price path rather than on just the final stock price. Currently such options are approximately priced by Monte carlo methods with error bounds that hold only with high probability and which are reduced by increasing the number of simulation runs. In this paper the authors show that pricing an arbitrary path-dependent option is {number_sign}-P hard. They show that certain types f path-dependent options can be valued exactly in polynomial time. Asian options are path-dependent options that are particularly hard to price, and for these they design deterministic polynomial-time approximate algorithms. They show that the value of a perpetual American put option (which can be computed in constant time) is in many cases a good approximation to the value of an otherwise identical n-period American put option. In contrast to Monte Carlo methods, the algorithms have guaranteed error bounds that are polynormally small (and in some cases exponentially small) in the maturity n. For the error analysis they derive large-deviation results for random walks that may be of independent interest.

  13. Price increase

    CERN Multimedia

    2006-01-01

    Please take note that after five years of stable prices at Restaurant No 1 a price increase will come into force on 1st January 2006. This increase has been agreed after discussions between the CSR (Comité de Surveillance des Restaurants) and the catering company Novae and will reflect the inflation rate of the last few years. In addition, a new children's menu will be introduced, as well as 'Max Havelaar' fair-trade coffee at a price of 1.70 CHF.

  14. Price increase

    CERN Multimedia

    2005-01-01

    Please take note that after five years of stable prices at Restaurant No 1 a price increase will come into force on 1st January 2006. This increase has been agreed after discussions between the CSR (Comité de Surveillance des Restaurants) and the catering company Novae and will reflect the inflation rate of the last few years. In addition, a new children's menu will be introduced as well as 'Max Havelaar' fair-trade coffee at a price of 1.70 CHF.

  15. Patients' views on price shopping and price transparency.

    Science.gov (United States)

    Semigran, Hannah L; Gourevitch, Rebecca; Sinaiko, Anna D; Cowling, David; Mehrotra, Ateev

    2017-06-01

    Driven by the growth of high deductibles and price transparency initiatives, patients are being encouraged to search for prices before seeking care, yet few do so. To understand why this is the case, we interviewed individuals who were offered access to a widely used price transparency website through their employer. Qualitative interviews. We interviewed individuals enrolled in a preferred provider organization product through their health plan about their experience using the price transparency tool (if they had done so), their past medical experiences, and their opinions on shopping for care. All interviews were transcribed and manually coded using a thematic coding guide. In general, respondents expressed frustration with healthcare costs and had a positive opinion of the idea of price shopping in theory, but 2 sets of barriers limited their ability to do so in reality. The first was the salience of searching for price information. For example, respondents recognized that due to their health plan benefits design, they would not save money by switching to a lower-cost provider. Second, other factors were more important than price for respondents when choosing a provider, including quality and loyalty to current providers. We found a disconnect between respondents' enthusiasm for price shopping and their reported use of a price transparency tool to shop for care. However, many did find the tool useful for other purposes, including checking their claims history. Addressing the barriers to price shopping identified by respondents can help inform ongoing and future price transparency initiatives.

  16. Trade Balance and Fuel Demand in Kosovo

    Directory of Open Access Journals (Sweden)

    Valon Kastrati

    2015-10-01

    Full Text Available AbstractGasoline and diesel are the main sources of fuel required for modern life and transportation, and the adjustment of gasoline and diesel prices has become a major public issue. The drastic fluctuations in recent international oil prices have affected retail gasoline and diesel prices also in the Western Balkan countries and prompted public opinion to question the pricing behaviors of oil companies. Kosovo, in the period of 17 years, has gone from a post-conflict  environment  into a state which is considered to be under transition. It has passed the reconstruction period by orienting itself toward the economic development  and European Integrations.  Price and income elasticities of gasoline demand show whether the price policy, pursued by the Kosovo government, can decrease the high gasoline consumption sufficiently or not. The high deficit of the current account of balance of payments is also a concern for the Kosovo’s economy; which is estimated up to 17.3% of the GDP after the foreign intervention.   The deficit of current account is being considered is related to the energy dependency. Therefore, in order to overcome such problems, control over the gasoline demand is needed to control the deficit of current accounts. Keywords:  oil price, economic development, imports, trade deficit.

  17. State energy-price system: 1981 update

    Energy Technology Data Exchange (ETDEWEB)

    Fang, J.M.; Imhoff, K.L.; Hood, L.J.

    1983-08-01

    This report updates the State Energy Price Data System (STEPS) to include state-level energy prices by fuel and by end-use sectors for 1981. Both physical unit prices and Btu prices are presented. Basic documentation of the data base remains generally the same as in the original report: State Energy Price System; Volume 1: Overview and Technical Documentation (DOE/NBB-0029 Volume 1 of 2, November 1982). The present report documents only the changes in procedures necessitated by the update to 1981 and the corrections to the basic documentation.

  18. China Hikes Refined Products Price to Narrow Gap

    Institute of Scientific and Technical Information of China (English)

    Dai Yanling

    2006-01-01

    @@ Rising international prices and China's increasing demand for oil, fueled by the country's fast economic growth, prompted it to hike the price of processed petroleum fuels several times in recent months. The price of gasoline, diesel and aviation kerosene jumped 500 yuan(62.4 U.S. dollars) per ton in late-May. The price increase,the second in the last two months, aims to narrow the gap between international oil prices and domestic prices, a spokesperson with the National Development and Reform Commission (NDRC), the industry watchdog, recently told news media.

  19. Current trends in water-in-diesel emulsion as a fuel.

    Science.gov (United States)

    Yahaya Khan, Mohammed; Abdul Karim, Z A; Hagos, Ftwi Yohaness; Aziz, A Rashid A; Tan, Isa M

    2014-01-01

    Water-in-diesel emulsion (WiDE) is an alternative fuel for CI engines that can be employed with the existing engine setup with no additional engine retrofitting. It has benefits of simultaneous reduction of both NO x and particulate matters in addition to its impact in the combustion efficiency improvement, although this needs further investigation. This review paper addresses the type of emulsion, the microexplosion phenomenon, emulsion stability and physiochemical improvement, and effect of water content on the combustion and emissions of WiDE fuel. The review also covers the recent experimental methodologies used in the investigation of WiDE for both transport and stationary engine applications. In this review, the fuel injection pump and spray nozzle arrangement has been found to be the most critical components as far as the secondary atomization is concerned and further investigation of the effect of these components in the microexplosion of the emulsion is suggested to be center of focus.

  20. Current Trends in Water-in-Diesel Emulsion as a Fuel

    Science.gov (United States)

    Yahaya Khan, Mohammed; Abdul Karim, Z. A.; Aziz, A. Rashid A.; Tan, Isa M.

    2014-01-01

    Water-in-diesel emulsion (WiDE) is an alternative fuel for CI engines that can be employed with the existing engine setup with no additional engine retrofitting. It has benefits of simultaneous reduction of both NOx and particulate matters in addition to its impact in the combustion efficiency improvement, although this needs further investigation. This review paper addresses the type of emulsion, the microexplosion phenomenon, emulsion stability and physiochemical improvement, and effect of water content on the combustion and emissions of WiDE fuel. The review also covers the recent experimental methodologies used in the investigation of WiDE for both transport and stationary engine applications. In this review, the fuel injection pump and spray nozzle arrangement has been found to be the most critical components as far as the secondary atomization is concerned and further investigation of the effect of these components in the microexplosion of the emulsion is suggested to be center of focus. PMID:24563631

  1. Current Trends in Water-in-Diesel Emulsion as a Fuel

    Directory of Open Access Journals (Sweden)

    Mohammed Yahaya Khan

    2014-01-01

    Full Text Available Water-in-diesel emulsion (WiDE is an alternative fuel for CI engines that can be employed with the existing engine setup with no additional engine retrofitting. It has benefits of simultaneous reduction of both NOx and particulate matters in addition to its impact in the combustion efficiency improvement, although this needs further investigation. This review paper addresses the type of emulsion, the microexplosion phenomenon, emulsion stability and physiochemical improvement, and effect of water content on the combustion and emissions of WiDE fuel. The review also covers the recent experimental methodologies used in the investigation of WiDE for both transport and stationary engine applications. In this review, the fuel injection pump and spray nozzle arrangement has been found to be the most critical components as far as the secondary atomization is concerned and further investigation of the effect of these components in the microexplosion of the emulsion is suggested to be center of focus.

  2. Two tier pricing system recommendation and summary

    Energy Technology Data Exchange (ETDEWEB)

    None

    1974-06-01

    In both the U.S. and the world today the most critical price system problem is the spectacular crude price set by the OPEC monopoly. In the U.S. this $10.00 plus price currently sets the price of 60% of our crude petroleum input. Therefore, the most powerful method available to reduce U.S. crude input price inflation is to reduce the OPEC monopoly price by at least $2 or 20%. At this price, it would supposedly approximate the long run cost of such energy. The situation is reviewed and recommendations and a summary are provided.

  3. Catalysts for ultrahigh current density oxygen cathodes for space fuel cell applications

    Science.gov (United States)

    Tryk, Donald A.; Yeager, E.

    1992-01-01

    The objective was to identify promising electrocatalyst/support systems for oxygen cathodes capable of operating at ultrahigh current densities in alkaline fuel cells. Such cells will require operation at relatively high temperatures and O2 pressures. A number of materials were prepared, including Pb-Ru and Pb-Ir pyrochlores, RuO2 and Pt-doped RuO2, lithiated NiO and La-Ni perovskites. Several of these materials were prepared using techniques that had not been previously used to prepare them. Particularly interesting was the use of the alkaline solution technique to prepare Pt-doped and Pb-Ru pyrochlores in high area form. Also interesting was the use of the fusion (melt) method for preparing the Pb-Ru pyrochlore. Several of the materials were also deposited with platinum. Well-crystallized Pb2Ru2O(7-y) was used to fabricate very high performance O2 cathodes with good stability in room temperature KOH. This material was also found to be stable over a useful potential range at approx. 140 C in concentrated KOH. For some of the samples, fabrication of the gas-fed electrodes could not be fully optimized during this project period. Future work may be directed at this problem. Pyrochlores that were not well-crystallized were found to be unstable in alkaline solution. Very good O2 reduction performance and stability were observed with Pb2RuO(7-y) in a carbon-based gas-fed electrode with an anion-conducting membrane placed on the electrolyte side of the electrode. The performance came within a factor of about two of that observed without carbon. High area platinum and gold supported on several conductive metal oxide supports were examined. Only small improvements in O2 reduction performance at room temperature were observed for Pb2Ru2O(7-y) as a support because of the high intrinsic activity of the pyrochlore. In contrast, a large improvement was observed for Li-doped NiO as a support for Pt. Very poor performance was observed for Au deposited on Li-NiO at approx. 150 C

  4. State Energy Price System: 1982 update

    Energy Technology Data Exchange (ETDEWEB)

    Imhoff, K.L.; Fang, J.M.

    1984-10-01

    The State Energy Price System (STEPS) contains estimates of energy prices for ten major fuels (electricity, natural gas, metallurgical coal, steam coal, distillate, motor gasoline, diesel, kerosene/jet fuel, residual fuel, and liquefied petroleum gas), by major end-use sectors (residential, commercial, industrial, transportation, and electric utility), and by state through 1982. Both physical unit prices and prices per million Btu are included in STEPS. Major changes in STEPS data base for 1981 and 1982 are described. The most significant changes in procedures for the updates occur in the residential sector distillate series and the residential sector kerosene series. All physical unit and Btu prices are shown with three significant digits instead of with four significant digits as shown in the original documentation. Details of these and other changes are contained in this report, along with the updated data files. 31 references, 65 tables.

  5. Impact of European pharmaceutical price regulation on generic price competition: a review.

    Science.gov (United States)

    Puig-Junoy, Jaume

    2010-01-01

    Although economic theory indicates that it should not be necessary to intervene in the generic drug market through price regulation, most EU countries intervene in this market, both by regulating the maximum sale price of generics (price cap) and by setting the maximum reimbursement rate, especially by means of reference pricing systems. We analyse current knowledge of the impact of direct price-cap regulation of generic drugs and the implementation of systems regulating the reimbursement rate, particularly through reference pricing and similar tools, on dynamic price competition between generic competitors in Europe. A literature search was carried out in the EconLit and PubMed databases, and on Google Scholar. The search included papers published in English or Spanish between January 2000 and July 2009. Inclusion criteria included that studies had to present empirical results of a quantitative nature for EU countries of the impact of price capping and/or regulation of the reimbursement rate (reference pricing or similar systems) on price dynamics, corresponding to pharmacy sales, in the generic drug market. The available evidence indicates that price-cap regulation leads to a levelling off of generic prices at a higher level than would occur in the absence of this regulation. Reference pricing systems cause an obvious and almost compulsory reduction in the consumer price of all pharmaceuticals subject to this system, to a varying degree in different countries and periods, the reduction being greater for originator-branded drugs than for generics. In several countries with a reference pricing system, it was observed that generics with a consumer price lower than the reference price do not undergo price reductions until the reference price is reduced, even when there are other lower-priced generics on the market (absence of price competition below the reference price). Beyond the price reduction forced by the price-cap and/or reference pricing regulation itself

  6. Cost minimization and asset pricing

    OpenAIRE

    Robert G. Chambers; John Quiggin

    2005-01-01

    A cost-based approach to asset-pricing equilibrium relationships is developed. A cost function induces a stochastic discount factor (pricing kernel) that is a function of random output, prices, and capital stockt. By eliminating opportunities for arbitrage between financial markets and the production technology, firms minimize the current cost of future consumption. The first-order conditions for this cost minimization problem generate the stochastic discount factor. The cost-based approach i...

  7. Future Fuels

    Science.gov (United States)

    2006-04-01

    Storage Devices, Fuel Management, Gasification, Fischer-Tropsch, Syngas , Hubberts’s Peak UNCLAS UNCLAS UNCLAS UU 80 Dr. Sujata Millick (703) 696...prices ever higher, and perhaps lead to intermittent fuel shortages as production fluctuates. Clearly, this competition for resources also provides oil...producers multiple options for selling their products, and raises the possibility that the US could face shortages resulting from shifts in

  8. State energy price and expenditure report 1994

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-06-01

    The State Energy Price and Expenditure Report (SEPER) presents energy price and expenditure estimates individually for the 50 States and the District of Columbia and in aggregate for the United States. The price and expenditure estimates developed in the State Energy Price and Expenditure Data System (SEPEDS) are provided by energy source and economic sector and are published for the years 1970 through 1994. Consumption estimates used to calculate expenditures and the documentation for those estimates are taken from the State Energy Data Report 1994, Consumption Estimates (SEDR), published in October 1996. Expenditures are calculated by multiplying the price estimates by the consumption estimates, which are adjusted to remove process fuel; intermediate petroleum products; and other consumption that has no direct fuel costs, i.e., hydroelectric, geothermal, wind, solar, and photovoltaic energy sources. Documentation is included describing the development of price estimates, data sources, and calculation methods. 316 tabs.

  9. Variations in the relationship between fuel price and bus ridership among U.S. transit systems[Includes the CSCE forum on professional practice and career development : 1. international engineering mechanics and materials specialty conference : 1. international/3. coastal, estuarine and offshore engineering specialty conference : 2. international/8. construction specialty conference

    Energy Technology Data Exchange (ETDEWEB)

    Haire, A.R.; Machemehl, R.B. [Texas Univ., Austin, TX (United States). Dept. of Civil Architectural, and Environmental Engineering

    2009-07-01

    This study examined several characteristics of bus transit systems to explore potential relationships regarding how system characteristics may affect travelers' choice to use public transportation. A clear relationship exists between bus ridership and fuel price, although many other factors contribute to ridership growth and fluctuation. The external factors include 6 broad categories (1) population characteristics and changes, (2) economic conditions, (3) cost and availability of alternative modes of transport including toll pricing, parking pricing, taxi fares, automobile costs and availability of commuter benefits programs by employers, (4) land use development patterns and policies, (5) travel conditions, and (6) public funding initiatives. These supplementary factors vary and many lend themselves to service quality measurement. Perceived service quality is an important contributor to public transportation ridership. The study explored community and bus system characteristics associated with perceived service quality and how these characteristics relate to correlation coefficients between fuel price and ridership, using an unconventional trivariate comparison method. Seasonally-adjusted correlation coefficients between ridership and fuel price for 340 bus systems across the United States were plotted against route density, operating speed, peak-hour service frequency, average travel speed, and average total travel time. The study showed that cost-conscious travelers using transit systems in the United States appear willing to compromise on aspects normally linked to convenience in order to use public transit and minimize their fuel expenditures. 10 refs., 1 tab., 6 figs.

  10. Fair pricing, and pricing paradoxes

    Directory of Open Access Journals (Sweden)

    Barbara Swart

    2016-05-01

    Full Text Available The St Petersburg Paradox revolves round the determination of a fair price for playing the St Petersburg Game. According to the original formulation, the price for the game is infinite, and, therefore, paradoxical. Although the St Petersburg Paradox can be seen as concerning merely a game, Paul Samuelson (1977 calls it a “fascinating chapter in the history of ideas”, a chapter that gave rise to a considerable number of papers over more than 200 years involving fields such as probability theory and economics. In a paper in this journal, Vivian (2013 undertook a numerical investigation of the St Petersburg Game. In this paper, the central issue of the paradox is identified as that of fair (risk-neutral pricing, which is fundamental in economics and finance and involves important concepts such as no arbitrage, discounting, and risk-neutral measures. The model for the St Petersburg Game as set out in this paper is new and analytical and resolves the so-called pricing paradox by applying a discounting procedure. In this framework, it is shown that there is in fact no infinite price paradox, and simple formulas for obtaining a finite price for the game are also provided.

  11. Reform Trend of China Natural Gas Price Policy

    Institute of Scientific and Technical Information of China (English)

    Du Wei; Liu Xinping

    2012-01-01

    China's natural gas price policy reform lags behind refined oil price reform comparatively, and current natural gas price policy could not adapt to the new situation of large scale import of foreign natural gas. Natural gas price reform could refer to the reform mode of refined oil price.

  12. Trend of Price and Economic Development in 2005

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    @@ The situation of the four major kinds of price in 2004-residents' con sumption price, price of production means, interest rate, foreign exchange rate-became main concern from the domestic and international personages. By reviewing the market price in 2004, and analyzing the current price variables, we will easily find the prospects of Chinese economy and people's life in 2005.

  13. Current Status and Characterization of CANDU Spent Fuel for Geological Disposal System Design

    Energy Technology Data Exchange (ETDEWEB)

    Cho, Dong Keun; Lee, Seung Woo; Cha, Jeong Hun; Choi, Jong Won; Choi, Heui Joo [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of); Lee, Yang [SK Engineering and Construction, Seoul (Korea, Republic of)

    2008-06-15

    Inventories to be disposed of, reference turn up, and source terms for CANDU spent fuel were evaluated for geological disposal system design. The historical and projected inventory by 2040 is expected to be 14,600 MtU under the condition of 30-year lifetime for unit 1 and 40-year lifetime for other units in Wolsong site. As a result of statistical analysis for discharge burnup of the spent fuels generated by 2007, average and stand deviation revealed 6,987 MWD/MtU and 1,167, respectively. From this result, the reference burnup was determined as 8,100 MWD/MtU which covers 84% of spent fuels in total. Source terms such as nuclide concentration for a long-term safety analysis, decay heat, thermo-mechanical analysis, and radiation intensity and spectrum was characterized by using ORIGEN-ARP containing conservativeness in the aspect of decay heat up to several thousand years. The results from this study will be useful for the design of storage and disposal facilities.

  14. Transport fuel

    DEFF Research Database (Denmark)

    Ronsse, Frederik; Jørgensen, Henning; Schüßler, Ingmar

    2014-01-01

    Worldwide, the use of transport fuel derived from biomass increased four-fold between 2003 and 2012. Mainly based on food resources, these conventional biofuels did not achieve the expected emission savings and contributed to higher prices for food commod - ities, especially maize and oilseeds...

  15. BN-350 unattended safeguards system current status and initial fuel movement data

    Energy Technology Data Exchange (ETDEWEB)

    Williams, Richard Brady [Los Alamos National Laboratory; Browne, Michael C [Los Alamos National Laboratory; Parker, Robert F [Los Alamos National Laboratory; Ingegneri, Maurizio [IAEA

    2009-01-01

    The Unattended and Remote Monitoring (UNARM) system at the BN-350 fast breeder reactor facility in Aktau, Kazakhstan continues to provide safeguards monitoring data as the spent fuel disposition project transitions from wet fuel storage to dry storage casks. Qualitative data from the initial cask loading procedures has been released by the International Atomic Energy Agency (IAEA) and is presented here for the first time. The BN-350 fast breeder reactor in Aktau, Kazakhstan, operated as a plutonium-producing facility from 1973 W1til 1999. Kazakhstan signed the Nonproliferation Treaty (NPT) in February 1994, and shortly afterwards the IAEA began safeguarding the reactor facility and its nuclear material. Slnce the cessation of reactor operations ten years ago, the chief proliferation concern has been the spent fuel assemblies stored in the pond on-site. By 2002, all fuel assemblies in wet storage had been repackaged into proliferation-resistant canisters. From the beginning, the IAEA's safeguards campaign at the BN-350 included a constant unattended sensor presence in the form of UNARM which monitors nuclear material activities at the facility in the absence of inspector presence. The UNARM equipment at the BN-350 was designed to be modular and extensible, allowing the system to adapt as the safeguards requirements change. This has been particularly important at the BN-350 due to the prolonged wet storage phase of the project. The primary function of the BN-350 UNARM system is to provide the IAEA with an independent, radiation-centric Containment and Surveillance (C&S) layer in addition to the standard seals and video systems. The UNARM system has provided continuous Continuity of Knowledge (COK) data for the BN-350's nuclear material storage areas in order to ensure the validity of the attended measurements during the lifetime of the project. The first of these attended measurements was characterization of the spent fuel assemblies. This characterization

  16. Price Setting Behaviour in the Czech Republic, Micro Data Evidence

    Directory of Open Access Journals (Sweden)

    Robert Murárik

    2011-06-01

    Full Text Available The aim of this analysis was to obtain information on the strategies of retailers of consumer goods andservices in terms of changes to final prices. From detailed data on many price changes in all the monitoredstores we have evaluated, for example, how often the prices of specific items change or rise or fall, and byhow much on average, how these indicators change during the year, whether downwards price rigidityexists and so on.The average price change frequency for all the selected items came to 0.26, which means that approximatelyone in every four prices was changed compared to the month before. A typical characteristic of theprices of regulated items was that these prices mainly rose and this usually by steps of higher percentagesand mostly at the start of the year. Food prices had a higher frequency of price changes, mainly in the caseof unprocessed foods, which is a consequence of the volatile development of the prices of agricultural commodities.The prices of tradables excluding food and fuels continuously fell for the whole of the monitoredperiod and only had a low price change frequency. The prices of non-regulated non-tradables continuouslyand smoothly rose and, with the exception of hypothetical rent and package holidays, this subgroupdemonstrated the lowest frequency of price changes. The prices of fuels changed most frequently while onaverage these price changes were the lowest in size, as they react relatively quickly to changes in the pricesof raw materials and the koruna exchange rate.

  17. Selection of a variant of Geobacter sulfurreducens with enhanced capacity for current production in microbial fuel cells.

    Science.gov (United States)

    Yi, Hana; Nevin, Kelly P; Kim, Byoung-Chan; Franks, Ashely E; Klimes, Anna; Tender, Leonard M; Lovley, Derek R

    2009-08-15

    Geobacter sulfurreducens produces current densities in microbial fuel cells that are among the highest known for pure cultures. The possibility of adapting this organism to produce even higher current densities was evaluated. A system in which a graphite anode was poised at -400 mV (versus Ag/AgCl) was inoculated with the wild-type strain of G. sulfurreducens, strain DL-1. An isolate, designated strain KN400, was recovered from the biofilm after 5 months of growth on the electrode. KN400 was much more effective in current production than strain DL-1. This was apparent with anodes poised at -400 mV, as well as in systems run in true fuel cell mode. KN400 had current (7.6A/m(2)) and power (3.9 W/m(2)) densities that respectively were substantially higher than those of DL1 (1.4A/m(2) and 0.5 W/m(2)). On a per cell basis KN400 was more effective in current production than DL1, requiring thinner biofilms to make equivalent current. The enhanced capacity for current production in KN400 was associated with a greater abundance of electrically conductive microbial nanowires than DL1 and lower internal resistance (0.015 versus 0.130 Omega/m(2)) and mass transfer limitation in KN400 fuel cells. KN400 produced flagella, whereas DL1 does not. Surprisingly, KN400 had much less outer-surface c-type cytochromes than DL1. KN400 also had a greater propensity to form biofilms on glass or graphite than DL1, even when growing with the soluble electron acceptor, fumarate. These results demonstrate that it is possible to enhance the ability of microorganisms to electrochemically interact with electrodes with the appropriate selective pressure and that improved current production is associated with clear differences in the properties of the outer surface of the cell that may provide insights into the mechanisms for microbe-electrode interactions.

  18. Spatially-resolved current and impedance analysis of a stirred tank reactor and serpentine fuel cell flow-field at low relative humidity

    Science.gov (United States)

    Hogarth, Warren H. J.; Steiner, Johannes; Benziger, Jay B.; Hakenjos, Alex

    A 20 cm 2 segmented anode fuel cell is used to investigate the performance of a hydrogen-air fuel cell at 1 atm. with two different flow-fields using spatially-resolved current and impedance measurements. A self-draining stirred tank reactor (STR) fuel cell and a single-channel serpentine fuel cell are compared with humidified and dry feed conditions. The current density distribution, impedance distribution, heat distribution and water evolution are compared for the two different flow-fields. With inlet feed dew points of 30 °C, the STR fuel cell and serpentine system performed comparably with moderate current gradients. With drier feeds, however, the STR fuel cell exhibited superior overall performance in terms of a higher total current and lower current, impedance and temperature distribution gradients. The STR fuel cell design is superior to a single-channel serpentine design under dry conditions because its open channel design allows the feed gases to mix with the product water and auto-humidify the cell.

  19. The tributary reformulation: the CIDE and the fuel price variations in Brazil; Reforma tributaria: a CIDE e a variacao de precos de combustiveis no Brasil

    Energy Technology Data Exchange (ETDEWEB)

    Silva, Carla Maria de Souza e

    2007-07-01

    The proposal for the tributary reformulation running on the Brazilian Congress establishes the compromising of the federal government with the transfer of the parcel of the collection obtained with the CIDE to the states. This element adds a complication to the functioning of the contribution as a mechanism of price weakening, as the 'freezing' effect on the transfer, making more vulnerable to political pressures.

  20. Based on the Current Bidding Situation, General Situation of The Drug Prices in Our Analysis%基于当前招标形势下医院的药品价格概况分析

    Institute of Scientific and Technical Information of China (English)

    黄好武; 林伟杰; 孟茜

    2016-01-01

    目的:了解在当前招标形式下医院药品价格的波动情况,为指导药事管理人员及药学人员掌握当前医院药品价格情况提供参考。方法以启动新招标模式前后医院的药品价格做比较,比较时间从2013年1月至2015年12月,从竞价品种的价格、议价品种的价格以及基本用药及非基本用药进入低价目录后的价格等进行统计分析。结果药品价格下降品种有107个,价格上升品种有82个,价格无变化品种520个,厂家/通用名/规格完全一致的药品总费用下降了211.85万元。结论从目前该院药品价格统计信息可以看出,启动新的招标模式后,纳入低价目录及采购困难品种的大部分药品价格上涨,参与竞价采购模式的药品价格下降,药品总费用也在下降。%Objective In order to understand the fluctuation of prices in our hospital in the form of the current bidding and offer some reference of the hospital drug price at present to pharmacy management personnel and pharmacists.Methods Compare the hospital drug price before and after the new bidding mode from January 2013 to December 2015,analyze the statistic from multiple aspects such as the price of the bidding varieties,the price of the bargaining varieties,the price of the basic medicine and non essential drugs in the low-cost directory.Results There were reduction in drug price of 107 varieties and price rise of 82 varieties,there were 520 varieties without price fluctuation.The overal cost decreased about 211.85 milion yuan.Conclusion As can be seen from the current drug prices in our statistical information, start a new bidding mode,in low price catalog and procurement difficulties most varieties of drug prices,participate in the bidding model drug prices fal, drugs total cost is faling.

  1. 燃料乙醇发展现状及思考%Insights on current development of fuel ethanol

    Institute of Scientific and Technical Information of China (English)

    李振宇; 李顶杰; 黄格省; 魏和荣

    2013-01-01

      Biofuel ethanol,which is regarded as one of the key alternative fuels in the future,has been playing on the central stage of automotive alternative field since the 1970s. In this paper,current development of fuel ethanol worldwide,as well as R&D history and policies is presented. Fuel ethanol production routes , including chemical methods (syngas and acetic acid hydrogenation) and bio-fermentation methods (grain fermentation,non-grain feedstock fermentation and fermentation for syngas) are analyzed. Commercial challenges and key factors influencing fuel ethanol industry progress are discussed. Suggestions on promoting fuel ethanol R&D and gearing up industry growth are proposed. Non-grain fuel ethanol industry development should come from strengthening supply chain,technology evolution,accelerating demonstration and optimizing product utilization.%  自20世纪70年代以来,生物燃料乙醇作为车用燃料的研究和产业化受到广泛重视,被认为是未来最重要的可再生燃料之一。本文介绍了燃料乙醇的发展概况,综述了近年来国内外研究开发历程、产业政策和最新进展,对化学合成乙醇路线(合成气催化制乙醇、乙酸加氢制乙醇工艺)和生物发酵制乙醇路线(粮食发酵、非粮原料发酵、合成气发酵工艺)的技术特点、纤维素燃料乙醇产业化存在的困难和问题进行了分析,并对影响燃料乙醇产业发展的因素进行了分析,提出了我国燃料乙醇技术研发和产业发展的相关建议,认为我国应加强非粮原料供应体系建设,积极进行技术研发,加强工业示范并优化燃料乙醇使用环节,促进非粮燃料乙醇产业发展。

  2. Measurement of the current distribution in a direct methanol fuel cell-Confirmation of parallel galvanic and electrolytic operation within one cell

    Science.gov (United States)

    Sauer, Dirk Uwe; Sanders, Tilman; Fricke, Birger; Baumhöfer, Thorsten; Wippermann, Klaus; Kulikovsky, Andrei A.; Schmitz, Heinz; Mergel, Jürgen

    Current production in fuel cells is typically unequally distributed along the cell surface due to inhomogeneous concentration of reactants and temperature. The inhomogeneities in fuel cells can result in reduced output power and accelerated ageing. To quantify the inhomogeneities a measurement system has been developed which allows measuring the local distribution of current and temperature in hydrogen and direct methanol fuel cells. With this system we are able to directly observe the coexistence of galvanic and electrolytic domains in a single channel direct methanol fuel cell (the electrolytic domain is the domain where electrolysis occurs in contrast to the galvanic domain where the fuel cell process takes place). The measurement device also allows for the measurement locally resolved impedance spectra.

  3. Power to fuel using electrolysis and CO2 capture

    DEFF Research Database (Denmark)

    Mogensen, Mogens Bjerg; Graves, Christopher R.; Chatzichristodoulou, Christodoulos

    2014-01-01

    Conversion of renewable electricity to synthetic fuel using electrolysis to produce at H2 and CO, which is furtherused to form liquid or gaseous fuel, called “power to fuel” or “power2fuel” has got a lot of attention recently.This is because synthetic fuels (synfuels) in the form CO2 neutral “green......” hydrocarbon fuels seem particularlybenign to replace the fossil fuels, and electrolysis seems to be a feasible step in production of green fuels. In particular, synthetic hydrocarbon based fuel will be necessary for the heavy transportation vehicles such as airplanes, ships, and trucks. More than 65...... % of the cost of H2 produced by electrolysis originates from electricity cost. How much more depends on the actual electricity price and depends further on efficiency, investment cost and lifetime of electrolyzer. Investment costs are inversely proportional the current density at a given cell voltage...

  4. State energy price system. Volume I: overview and technical documentation

    Energy Technology Data Exchange (ETDEWEB)

    Fang, J.M.; Nieves, L.A.; Sherman, K.L.; Hood, L.J.

    1982-06-01

    This study utilizes existing data sources and previous analyses of state-level energy prices to develop consistent state-level energy prices series by fuel type and by end-use sector. The fuels are electricity, natural gas, coal, distillate fuel oil, motor gasoline, diesel, kerosene, jet fuel, residual fuel, and liquefied petroleum gas. The end-use sectors are residential, commercial, industrial, transportation, and electric utility. Based upon an evaluation of existing data sources, recommendations were formulated on the feasible approaches for developing a consistent state energy price series. The data series were compiled based upon the approaches approved after a formal EIA review. Detailed documentation was provided, including annual updating procedures. Recommendations were formulated for future improvements in the collection of data or in data processing. Generally, the geographical coverage includes the 50 states and the District of Columbia. Information on state-level energy use was generally taken from the State Energy Data System (SEDS). Corresponding average US prices are also developed using volumes reported in SEDS. To the extent possible, the prices developed are quantity weighted average retail prices. Both a Btu price series and a physical unit price series are developed for each fuel. The period covered by the data series is 1970 through 1980 for most fuels, though prices for electricity and natural gas extend back to 1960. (PSB)

  5. Optimal dynamic pricing for deteriorating items with reference-price effects

    Science.gov (United States)

    Xue, Musen; Tang, Wansheng; Zhang, Jianxiong

    2016-07-01

    In this paper, a dynamic pricing problem for deteriorating items with the consumers' reference-price effect is studied. An optimal control model is established to maximise the total profit, where the demand not only depends on the current price, but also is sensitive to the historical price. The continuous-time dynamic optimal pricing strategy with reference-price effect is obtained through solving the optimal control model on the basis of Pontryagin's maximum principle. In addition, numerical simulations and sensitivity analysis are carried out. Finally, some managerial suggestions that firm may adopt to formulate its pricing policy are proposed.

  6. Incorporating the value of changes in price volatility into cost-benefit analysis-an application to oil prices in the transport sector

    DEFF Research Database (Denmark)

    Jensen, Thomas Christian; Møller, Flemming

    2010-01-01

    in the policy assessment taking into account the most significant correlations between prices of alternative fuels and between fuel prices and consumption in general. In the present paper, a method of valuing changes in price volatility based on portfolio theory is applied to some very simple transport...

  7. The Role of Nuclear Power in Reducing Risk of the Fossil Fuel Prices and Diversity of Electricity Generation in Tunisia: A Portfolio Approach

    Science.gov (United States)

    Abdelhamid, Mohamed Ben; Aloui, Chaker; Chaton, Corinne; Souissi, Jomâa

    2010-04-01

    This paper applies real options and mean-variance portfolio theories to analyze the electricity generation planning into presence of nuclear power plant for the Tunisian case. First, we analyze the choice between fossil fuel and nuclear production. A dynamic model is presented to illustrate the impact of fossil fuel cost uncertainty on the optimal timing to switch from gas to nuclear. Next, we use the portfolio theory to manage risk of the electricity generation portfolio and to determine the optimal fuel mix with the nuclear alternative. Based on portfolio theory, the results show that there is other optimal mix than the mix fixed for the Tunisian mix for the horizon 2010-2020, with lower cost for the same risk degree. In the presence of nuclear technology, we found that the optimal generating portfolio must include 13% of nuclear power technology share.

  8. Ni/Ni-YSZ current collector/anode dual layer hollow fibers for micro-tubular solid oxide fuel cells

    Energy Technology Data Exchange (ETDEWEB)

    Kanawka, K.; Othman, M.H.D.; Droushiotis, N.; Wu, Z.; Kelsall, G.; Li, K. [Department of Chemical Engineering and Chemical Technology, Imperial College London, London SW7 2AZ (United Kingdom)

    2011-10-15

    A co-extrusion technique was employed to fabricate a novel dual layer NiO/NiO-YSZ hollow fiber (HF) precursor which was then co-sintered at 1,400 C and reduced at 700 C to form, respectively, a meshed porous inner Ni current collector and outer Ni-YSZ anode layers for SOFC applications. The inner thin and highly porous ''mesh-like'' pure Ni layer of approximately 50 {mu}m in thickness functions as a current collector in micro-tubular solid oxide fuel cell (SOFC), aiming at highly efficient current collection with low fuel diffusion resistance, while the thicker outer Ni-YSZ layer of 260 {mu}m acts as an anode, providing also major mechanical strength to the dual-layer HF. Achieved morphology consisted of short finger-like voids originating from the inner lumen of the HF, and a sponge-like structure filling most of the Ni-YSZ anode layer, which is considered to be suitable macrostructure for anode SOFC system. The electrical conductivity of the meshed porous inner Ni layer is measured to be 77.5 x 10{sup 5} S m{sup -1}. This result is significantly higher than previous reported results on single layer Ni-YSZ HFs, which performs not only as a catalyst for the oxidation reaction, but also as a current collector. These results highlight the advantages of this novel dual-layer HF design as a new and highly efficient way of collecting current from the lumen of micro-tubular SOFC. (Copyright copyright 2011 WILEY-VCH Verlag GmbH and Co. KGaA, Weinheim)

  9. Maternal and young child nutrition adversely affected by external shocks such as increasing global food prices.

    Science.gov (United States)

    Darnton-Hill, Ian; Cogill, Bruce

    2010-01-01

    Rising food prices, resulting from the ongoing global economic crisis, fuel price volatility, and climate change, have an adverse impact upon the poor, especially those in food-importing, resource-limited countries. The conventional approach by large organizations has been to advocate for increased staple crop yields of mainly cereals. High food prices are predicted to continue to at least 2015. Past shocks and their known impacts upon nutrition were reviewed. Price instability and increases have long been an existing global problem, which has been exacerbated by recent macroeconomic shocks such as acute emergencies due to war and civil strife, acute climatic events, increase in food prices, fuel price volatility, dysfunction of the global financial systems, long-term climate change, and the emergence of failed states. The FAO estimated that there were 815 million "hungry" people in 2006, with a now additional 75-135 million with increased vulnerability, and currently it is estimated that there are one billion people at risk of food insecurity. The shocks initially compromise maternal and child nutrition, mainly through a reduction in dietary quality and an increase in micronutrient deficiencies and concomitant increases in infectious disease morbidity and mortality. A further reduction in the quantity of diet may follow with greater underweight and wasting. Recent macroeconomic shocks have greatly increased the number of people who are vulnerable to hunger in developing countries. Nutritional surveillance systems need to be strengthened and expanded to inform policy decisions.

  10. The Potential of Turboprops to Reduce Aviation Fuel Consumption

    OpenAIRE

    2009-01-01

    Aviation system planning, particularly fleet selection and adoption, is challenged by fuel price uncertainty. Fuel price uncertainty is due fuel and energy price fluctuations and a growing awareness of the environmental externalities related to transportation activities, particularly as they relate to climate change. To assist in aviation systems planning under such fuel price uncertainty and environmental regulation, this study takes a total logistic cost approach and evaluates three represe...

  11. Degradation behavior of anode-supported solid oxide fuel cell using LNF cathode as function of current load

    Energy Technology Data Exchange (ETDEWEB)

    Komatsu, Takeshi; Yoshida, Yoshiteru; Watanabe, Kimitaka; Chiba, Reiichi; Taguchi, Hiroaki; Orui, Himeko; Arai, Hajime [NTT Energy and Environment Systems Laboratories, Atsugi-shi, Kanagawa 243-0198 (Japan)

    2010-09-01

    We investigated the effect of current loading on the degradation behavior of an anode-supported solid oxide fuel cell (SOFC). The cell consisted of LaNi{sub 0.6}Fe{sub 0.4}O{sub 3} (LNF), alumina-doped scandia stabilized zirconia (SASZ), and a Ni-SASZ cermet as the cathode, electrolyte, and anode, respectively. The test was carried out at 1073 K with constant loads of 0.3, 1.0, 1.5, and 2.3 A cm{sup -2}. The degradation rate, defined by the voltage loss during a fixed period (about 1000 h), was faster at higher current densities. From an impedance analysis, the degradation depended mainly on increases in the cathodic resistance, while the anodic and ohmic resistances contributed very little. The cathode microstructures were observed using scanning electron microscopy (SEM) and transmission electron microscopy (TEM). (author)

  12. Modelling effects of current distributions on performance of micro-tubular hollow fibre solid oxide fuel cells

    Energy Technology Data Exchange (ETDEWEB)

    Doraswami, U.; Droushiotis, N. [Department of Chemical Engineering, Imperial College London, South Kensington Campus, London SW7 2AZ (United Kingdom); Kelsall, G.H., E-mail: g.kelsall@imperial.ac.u [Department of Chemical Engineering, Imperial College London, South Kensington Campus, London SW7 2AZ (United Kingdom)

    2010-04-15

    A three-dimensional model, considering mass, momentum, energy and charge conservation, was developed and the equations solved to describe the physico-chemical phenomena occurring within a single, micro-tubular hollow fibre solid oxide fuel cell (HF-SOFC). The model was used to investigate the spatial distributions of potential, current and reactants in a 10 mm long HF-SOFC. The predicted effects of location of current collectors, electrode conductivities, cathode thickness and porosity were analysed to minimise the ranges of current density distributions and maximise performance by judicious design. To decrease the computational load, azimuthal symmetry was assumed to model 50 and 100 mm long reactors in 2-D. With connectors at the same end of the HF-SOFC operating at a cell voltage of 0.5 V and a mean 5 kA m{sup -2}, axial potential drops of ca. 0.14 V in the cathode were predicted, comparable to the cathode activation overpotential. Those potential drops caused average current densities to decrease from ca. 6.5 to ca.1 kA m{sup -2} as HF-SOFC length increased from 10 to 100 mm, at which much of the length was inactive. Peak power densities were predicted to vary from 3.8 to <2.5 kW m{sup -2}, depending on the location of the current collectors; performance increased with increasing cathode thickness and decreasing porosity.

  13. 对目前中药材价格上涨因素的一些分析%The analysis of the current Chinese herbal medicines prices factors

    Institute of Scientific and Technical Information of China (English)

    印敏

    2013-01-01

    Objective To use to predict the moving average method, in order to understand the Chinese herbal medicine prices trend, analysis of Chinese herbal medicines prices faced by various factors. Methods Moving average method to forecast the years can reflect the balance of supply and demand in the market, and consumer accumulation relationship of Chinese herbal medicines and proprietary Chinese medicine retail price index uses. Results The Chinese herbal medicines prices trend existed for a long time. Conclusion Chinese herbal medicine prices face Various factors and rising pressure. And through the analysis of these factors, promote the perfection of regulating supervision mechanism of the traditional Chinese medicine production and prices.%目的:运用移动平均法进行预测,以了解中药材价格的趋势,分析中药材价格上涨面临的各种因素。方法对这几年能反映市场供需的平衡、消费与积累关系的中药材及中成药零售价格指数部分运用移动平均法预测。结果中药材价格上涨趋势存在。结论中药材价格面临各种因素,上涨压力明显。并通过对这些因素的分析,促进完善中药生产和价格调节监督机制。

  14. Significance of maximum current for voltage boosting of microbial fuel cells in series

    Science.gov (United States)

    An, Junyeong; Lee, Yoo Seok; Kim, Taeyoung; Chang, In Seop

    2016-08-01

    Differences in internal resistances or operational conditions that affect the current between series-connected MFC units are known to cause voltage reversal. In this work, we proved that voltage reversal does not happen when MFCs produce an identical maximum current (i.e., limiting current), even though their internal resistances may differ. Here, two MFCs having an internal resistance difference of 206 Ω produced an almost identical maximum current of 0.4 mA in non-stacked mode. When the MFCs were connected in series, there was no voltage reversal; the voltage at the maximum current of 0.37 mA ranged from 1 mV to 3 mV. This result clearly indicates that differences of internal resistances or operational conditions are not an essential prerequisite for occurrences of voltage reversal in stacked MFCs, and that the maximum current of MFCs may be a direct indicator for predicting voltage reversal occurrences prior to the series connection of MFCs.

  15. Fossil Fuels.

    Science.gov (United States)

    Crank, Ron

    This instructional unit is one of 10 developed by students on various energy-related areas that deals specifically with fossil fuels. Some topics covered are historic facts, development of fuels, history of oil production, current and future trends of the oil industry, refining fossil fuels, and environmental problems. Material in each unit may…

  16. Fossil Fuels.

    Science.gov (United States)

    Crank, Ron

    This instructional unit is one of 10 developed by students on various energy-related areas that deals specifically with fossil fuels. Some topics covered are historic facts, development of fuels, history of oil production, current and future trends of the oil industry, refining fossil fuels, and environmental problems. Material in each unit may…

  17. Modeling the relationship between the oil price and global food prices

    Energy Technology Data Exchange (ETDEWEB)

    Chen, Sheng-Tung [Department of Public Finance, Feng Chia University (China); Kuo, Hsiao-I [Department of Senior Citizen Service Management, Chaoyang University of Technology (China); Chen, Chi-Chung [Department of Applied Economics, National Chung-Hsing University, Taiwan, 250 Kuo-Kuang Road, Taichung (China)

    2010-08-15

    The growth of corn-based ethanol production and soybean-based bio-diesel production following the increase in the oil prices have significantly affect the world agricultural grain productions and its prices. The main purpose of this paper is to investigate the relationships between the crude oil price and the global grain prices for corn, soybean, and wheat. The empirical results show that the change in each grain price is significantly influenced by the changes in the crude oil price and other grain prices during the period extending from the 3rd week in 2005 to the 20th week in 2008 which implies that grain commodities are competing with the derived demand for bio-fuels by using soybean or corn to produce ethanol or bio-diesel during the period of higher crude oil prices in these recent years. The subsidy policies in relation to the bio-fuel industries in some nations engaging in bio-fuel production should be considered to avoid the consequences resulting from high oil prices. (author)

  18. Determining Price Reasonableness in Federal ESPCs

    Energy Technology Data Exchange (ETDEWEB)

    Shonder, J.A.

    2005-03-08

    This document reports the findings and implementation recommendations of the Price Reasonableness Working Group to the Federal ESPC Steering Committee. The working group was formed to address concerns of agencies and oversight organizations related to pricing and fair and reasonable price determination in federal energy savings performance contracts (ESPCs). This report comprises the working group's recommendations and is the proposed draft of a training curriculum on fair and reasonable price determination for users of federal ESPCs. The report includes: (1) A review of federal regulations applicable to determining price reasonableness of federal ESPCs (section 2), (2) Brief descriptions of the techniques described in Federal Acquisition Regulations (FAR) 15.404-1 and their applicability to ESPCs (section 3), and (3) Recommended strategies and procedures for cost-effectively completing price reasonableness determinations (sections 4). Agencies have struggled with fair and reasonable price determinations in their ESPCs primarily because this alternative financing vehicle is relatively new and relatively rare in the federal sector. The methods of determining price reasonableness most familiar to federal contracting officers (price competition based on the government's design and specifications, in particular) are generally not applicable to ESPCs. The regulatory requirements for determining price reasonableness in federal ESPCs have also been misunderstood, as federal procurement professionals who are inexperienced with ESPCs are further confused by multiple directives, including Executive Order 13123, which stresses life-cycle cost-effectiveness. Uncertainty about applicable regulations and inconsistent practice and documentation among agencies have fueled claims that price reasonableness determinations have not been sufficiently rigorous in federal ESPCs or that the prices paid in ESPCs are generally higher than the prices paid for similar goods and

  19. Evaluation of plate type fuel elements by eddy current test method; Avaliacao de combustiveis nucleares tipo placa pelo metodo de correntes parasitas

    Energy Technology Data Exchange (ETDEWEB)

    Frade, Rangel Teixeira

    2015-07-01

    Plate type fuel elements are used in MTR research nuclear reactors. The fuel plates are manufactured by assembling a briquette containing the fissile material inserted in a frame, with metal plates in both sides of the set, to act as a cladding. This set is rolled under controlled conditions in order to obtain the fuel plate. In Brazil, this type of fuel is manufactured by IPEN and used in the IEA-R1 reactor. After fabrication of three batches of fuel plates, 24 plates, one of them is taken, in order to verify the thickness of the cladding. For this purpose, the plate is sectioned and the thickness measurements are carried out by using optical microscopy. This procedure implies in damage of the plate, with the consequent cost. Besides, the process of sample preparation for optical microscopy analysis is time consuming, it is necessary an infrastructure for handling radioactive materials and there is a generation of radioactive residues during the process. The objective of this study was verify the applicability of eddy current test method for nondestructive measurement of cladding thickness in plate type nuclear fuels, enabling the inspection of all manufactured fuel plates. For this purpose, reference standards, representative of the cladding of the fuel plates, were manufactured using thermomechanical processing conditions similar to those used for plates manufacturing. Due to no availability of fuel plates for performing the experiments, the presence of the plate’s core was simulated using materials with different electrical conductivities, fixed to the thickness reference standards. Probes of eddy current testing were designed and manufactured. They showed high sensitivity to thickness variations, being able to separate small thickness changes. The sensitivity was higher in tests performed on the reference standards and samples without the presence of the materials simulating the core. For examination of the cladding with influence of materials simulating the

  20. Pricing effects on food choices.

    Science.gov (United States)

    French, Simone A

    2003-03-01

    Individual dietary choices are primarily influenced by such considerations as taste, cost, convenience and nutritional value of foods. The current obesity epidemic has been linked to excessive consumption of added sugars and fat, as well as to sedentary lifestyles. Fat and sugar provide dietary energy at very low cost. Food pricing and marketing practices are therefore an essential component of the eating environment. Recent studies have applied economic theories to changing dietary behavior. Price reduction strategies promote the choice of targeted foods by lowering their cost relative to alternative food choices. Two community-based intervention studies used price reductions to promote the increased purchase of targeted foods. The first study examined lower prices and point-of-purchase promotion on sales of lower fat vending machine snacks in 12 work sites and 12 secondary schools. Price reductions of 10%, 25% and 50% on lower fat snacks resulted in an increase in sales of 9%, 39% and 93%, respectively, compared with usual price conditions. The second study examined the impact of a 50% price reduction on fresh fruit and baby carrots in two secondary school cafeterias. Compared with usual price conditions, price reductions resulted in a four-fold increase in fresh fruit sales and a two-fold increase in baby carrot sales. Both studies demonstrate that price reductions are an effective strategy to increase the purchase of more healthful foods in community-based settings such as work sites and schools. Results were generalizable across various food types and populations. Reducing prices on healthful foods is a public health strategy that should be implemented through policy initiatives and industry collaborations.

  1. The crucial relationship among energy commodity prices: Evidence from the Spanish electricity market

    Energy Technology Data Exchange (ETDEWEB)

    Moutinho, Victor, E-mail: vmoutinho@ua.pt [Department of Economics, Management and Industrial Engineering, University of Aveiro, Campus universitario de Santiago, 3810-193 Aveiro (Portugal); Vieira, Joel, E-mail: jmv@ua.pt [Department of Economics, Management and Industrial Engineering, University of Aveiro, Campus universitario de Santiago, 3810-193 Aveiro (Portugal); Carrizo Moreira, Antonio, E-mail: amoreira@ua.pt [Department of Economics, Management and Industrial Engineering, GOVCOPP, University of Aveiro, Campus universitario de Santiago, 3810-193 Aveiro (Portugal)

    2011-10-15

    The main purpose of this article is twofold to analyze: (a) the long-term relation among the commodities prices and between spot electricity market price and commodity prices, and (b) the short-term dynamics among commodity prices and between electricity prices and commodity prices. Data between 2002 and 2005 from the Spanish electricity market was used. Econometric methods were used in the analysis of the commodity spot price, namely the vector autoregression model, the vector error correction model and the granger causality test. The co-integration approach was used to analyze the long-term relationship between the common stochastic trends of four fossil fuel prices. One of the findings in the long-term relation is that the prices of fuel and the prices of Brent are intertwined, though the prices of Brent ten to 'move' to reestablish the price equilibrium. Another finding is that the price of electricity is explained by the evolution of the natural gas series. - Highlights: > We model energy commodity prices in the Spanish electricity market. > We examine the short and long-term relationships among commodities prices. > We examine short and long-term relationships using co-integration techniques. > We found that in the long run the prices of fuel and Brent are intertwined. > The evolution of price of electricity is explained by the evolution of price of gas.

  2. A Countrywide House Price Index for 152 Years

    DEFF Research Database (Denmark)

    Lunde, Jens; Helding Madsen, Anders; Lundbæk Laursen, Maria

    for creating the house price index arose, especially in converting the previous registered house prices in the statistics into current market prices. In real terms, the average sale price index increased more than the SPAR index for the years where the two indices were compared, and the difference express...... in house prices is depicted. The Danish house price index covering all the 152 years is in reality a simple average sale price index for houses. From 1920 on it was possible to construct another and a “pure” house price index, based on the Sales Price Appraisal Ratio (SPAR) method. Several challenges...... the qualitative improvement of the sold house through the years. The SPAR index contains long house price cycles, and the unique recent bubble is observed. The development in real prices holds no arguments for the SPAR index will increase in the long run. Already published long house price indices exist...

  3. Limiting Current of Oxygen Reduction on Gas-Diffusion Electrodes for Phosphoric Acid Fuel Cells

    DEFF Research Database (Denmark)

    Li, Qingfeng; Gang, Xiao; Hjuler, Hans Aage;

    1994-01-01

    Various models have been devoted to the operation mechanism of porous diffusion electrodes. They are, however, suffering from the lack of accuracy concerning the acid-film thickness on which they are based. In the present paper the limiting current density has been measured for oxygen reduction...... on polytetrafluorine-ethyl bonded gas-diffusion electordes in phosphoric acid with and without fluorinated additives. This provides an alternative to estimate the film thickness by combining it with the acid-adsorption measurements and the porosity analysis of the catalyst layer. It was noticed that the limiting...... expression for the limiting current density. The acid-film thickness estimated this way was found to be of 0.1 mum order of magnitude for the two types of electrodes used in phosphoric acid with and without fluorinated additives at 150-degrees-C....

  4. Cathode Assessment for Maximizing Current Generation in Microbial Fuel Cells Utilizing Bioethanol Effluent as Substrate

    DEFF Research Database (Denmark)

    Sun, Guotao; Thygesen, Anders; Meyer, Anne S.

    2016-01-01

    responses to substrate loading rates and external resistance. At the lowest external resistance of 27 and highest substrate loading rate of 2 g chemical oxygen demand (COD) per Lday, FeC-MFC generated highest average current density (1630 mA/m(2)) followed by AiC-MFC (802 mA/m(2)) and DOC-MFC (184 mA/m(2......)). Electrochemical impedance spectroscopy (EIS) was used to determine the impedance of the cathodes. It was thereby confirmed that the FeC-MFC produced the highest current density with the lowest internal resistance for the cathode. However, in a setup using bioethanol effluent, the AiC-MFC was concluded...

  5. 48 CFR 52.215-11 - Price Reduction for Defective Certified Cost or Pricing Data-Modifications.

    Science.gov (United States)

    2010-10-01

    ... subcontractor furnished certified cost or pricing data that were not complete, accurate, and current as certified in its Certificate of Current Cost or Pricing Data, (2) a subcontractor or prospective... current as certified in the Contractor's Certificate of Current Cost or Pricing Data, or (3) any of...

  6. 48 CFR 52.214-27 - Price Reduction for Defective Certified Cost or Pricing Data-Modifications-Sealed Bidding.

    Science.gov (United States)

    2010-10-01

    ... were not complete, accurate, and current as certified in its Certificate of Current Cost or Pricing... Current Cost or Pricing Data, or (3) any of these parties furnished data of any description that were not... accurate, complete, and current certified cost or pricing data had been submitted; (ii) The...

  7. Review of Biojet Fuel Conversion Technologies

    Energy Technology Data Exchange (ETDEWEB)

    Wang, Wei-Cheng [National Renewable Energy Lab. (NREL), Golden, CO (United States); Tao, Ling [National Renewable Energy Lab. (NREL), Golden, CO (United States); Markham, Jennifer [National Renewable Energy Lab. (NREL), Golden, CO (United States); Zhang, Yanan [National Renewable Energy Lab. (NREL), Golden, CO (United States); Tan, Eric [National Renewable Energy Lab. (NREL), Golden, CO (United States); Batan, Liaw [National Renewable Energy Lab. (NREL), Golden, CO (United States); Warner, Ethan [National Renewable Energy Lab. (NREL), Golden, CO (United States); Biddy, Mary [National Renewable Energy Lab. (NREL), Golden, CO (United States)

    2016-07-01

    Biomass-derived jet (biojet) fuel has become a key element in the aviation industry’s strategy to reduce operating costs and environmental impacts. Researchers from the oil-refining industry, the aviation industry, government, biofuel companies, agricultural organizations, and academia are working toward developing commercially viable and sustainable processes that produce long-lasting renewable jet fuels with low production costs and low greenhouse gas emissions. Additionally, jet fuels must meet ASTM International specifications and potentially be a 100% drop-in replacement for the current petroleum jet fuel. The combustion characteristics and engine tests demonstrate the benefits of running the aviation gas turbine with biojet fuels. In this study, the current technologies for producing renewable jet fuels, categorized by alcohols-to-jet, oil-to-jet, syngas-to-jet, and sugar-to-jet pathways, are reviewed. The main challenges for each technology pathway, including feedstock availability, conceptual process design, process economics, life-cycle assessment of greenhouse gas emissions, and commercial readiness, are discussed. Although the feedstock price and availability and energy intensity of the process are significant barriers, biomass-derived jet fuel has the potential to replace a significant portion of conventional jet fuel required to meet commercial and military demand.

  8. China Gradually Deregulates Aviation Fuels Market

    Institute of Scientific and Technical Information of China (English)

    2002-01-01

    @@ China will gradually deregulate the aviation fuels market to allow the oil and petrochemical enterprises to become shareholders of China Aviation Fuels Corporation (CAFC) so that the aviation fuels suppliers can operate at a lower cost. Deregulation of the air fuels market aims at reduction of aviation fuels price to spur development of China's air transportation industry.

  9. Assessment of the Current Level of Automation in the Manufacture of Fuel Cell Systems for Combined Heat and Power Applications

    Energy Technology Data Exchange (ETDEWEB)

    Ulsh, M.; Wheeler, D.; Protopappas, P.

    2011-08-01

    The U.S. Department of Energy (DOE) is interested in supporting manufacturing research and development (R&D) for fuel cell systems in the 10-1,000 kilowatt (kW) power range relevant to stationary and distributed combined heat and power applications, with the intent to reduce manufacturing costs and increase production throughput. To assist in future decision-making, DOE requested that the National Renewable Energy Laboratory (NREL) provide a baseline understanding of the current levels of adoption of automation in manufacturing processes and flow, as well as of continuous processes. NREL identified and visited or interviewed key manufacturers, universities, and laboratories relevant to the study using a standard questionnaire. The questionnaire covered the current level of vertical integration, the importance of quality control developments for automation, the current level of automation and source of automation design, critical balance of plant issues, potential for continuous cell manufacturing, key manufacturing steps or processes that would benefit from DOE support for manufacturing R&D, the potential for cell or stack design changes to support automation, and the relationship between production volume and decisions on automation.

  10. Essays on price dynamics and consumer search

    Science.gov (United States)

    Lewis, Matthew Stephen

    It has been documented that retail gasoline prices respond more quickly to increases in wholesale price than to decreases. However, there is very little theoretical or empirical evidence identifying the market characteristics responsible for this behavior. Chapter 2 presents a new theoretical model of asymmetric adjustment that empirically matches observed retail gasoline price behavior better than previously suggested explanations. I develop a "reference price" consumer search model that assumes consumers' expectations of prices are based on prices observed during previous purchases. The model predicts that consumers search less when prices are falling. This reduced search results in higher profit margins and therefore causes a slower price response to cost decreases than to cost increases. Chapter 3 discusses the robustness of some of the important assumptions of the reference price search model, and describes the effects of altering these assumptions. Chapter 4 develops testable implications that distinguish my model from two alternative explanations of asymmetric adjustment. The first is a model in which firms temporarily collude using past prices as a focal price. The second theory suggests that increases in wholesale cost volatility reduce consumer search behavior. Using a panel of gas station prices, I estimate the response pattern of prices to a change in costs. Estimates are consistent with the predictions of the reference price search model and contradict the previously suggested explanations of asymmetric price adjustment. Chapter 5 examines the empirical fact that price response varies depending on the current level of profit margins. This fact is contrasted with the common empirical observation that response differs based on the direction of the change in cost. I go on to document that this relationship between price response and margins is observed in gasoline markets across the country.

  11. Estimating Hedonic Price Indices for Ground Vehicles

    Science.gov (United States)

    2015-06-01

    organizations use price indices to distinguish sector-specific real price growth from general inflation  OMB uses price indices to estimate the relative...I N S T I T U T E F O R D E F E N S E A N A L Y S E S Estimating Hedonic Price Indices for Ground Vehicles (Presentation) David M. Tate Stanley...currently valid OMB control number. 1. REPORT DATE JUN 2015 2. REPORT TYPE 3. DATES COVERED 4. TITLE AND SUBTITLE Estimating Hedonic Price

  12. Fuel from microalgae lipid products

    Energy Technology Data Exchange (ETDEWEB)

    Hill, A.M.; Feinberg, D.A.

    1984-04-01

    The large-scale production of microalgae is a promising method of producing a renewable feedstock for a wide variety of fuel products currently refined from crude petroleum. These microalgae-derived products include lipid extraction products (triglycerides, fatty acids, and hydrocarbons) and catalytic conversion products (paraffins and olefins). Microalgal biomass productivity and lipid composition of current experimental systems are estimated at 66.0 metric tons per hectare year and 30% lipid content. Similar yields in a large-scale facility indicate that production costs are approximately six times higher than the average domestic price for crude, well-head petroleum. Based on achievable targets for productivity and production costs, the potential for microalgae as a fuel feedstock is presented in context with selected process refining routes and is compared with conventional and alternative feedstocks (e.g., oilseeds) with which microalgae must compete. 24 references, 9 figures, 4 tables.

  13. State energy price and expenditure report, 1995

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-08-01

    The State Energy Price and Expenditure Report (SEPER) presents energy price and expenditure estimates individually for the 50 States and the District of Columbia and in aggregate for the US. The estimates developed in the State Energy Price and Expenditure Data System (SEPEDS) are provided by energy source and economic sector and are published for the years 1970 through 1995. Data for all years are available on a CD-ROM and via Internet. Consumption estimates used to calculate expenditures and the documentation for those estimates are taken from the State Energy Data Report 1995, Consumption Estimates (SEDR), published in December 1997. Expenditures are calculated by multiplying the price estimates by the consumption estimates, which are adjusted to remove process fuel; intermediate petroleum products; and other consumption that has no direct fuel costs, i.e., hydroelectric, geothermal, wind, solar, and photovoltaic energy sources.

  14. The effect of applied control strategy on the current-voltage correlation of a solid oxide fuel cell stack during dynamic operation

    Directory of Open Access Journals (Sweden)

    Szmyd Janusz S.

    2014-09-01

    Full Text Available This paper discusses the transient characteristics of the planar type SOFC cell stack, of which the standard output is 300 W. The transient response of the voltage to the manipulation of an electric current was investigated. The effects of the response and of the operating condition determined by the operating temperature of the stack were studied by mapping a current-voltage (I-V correlation. The current-based fuel control (CBFC was adopted for keeping the fuel utilization factor at constant while the value of the electric current was ramped at the constant rate. The present experimental study shows that the transient characteristics of the cell voltage are determined by primarily the operating temperature caused by the manipulation of the current. Particularly, the slope of the I-V curve and the overshoot found on the voltage was remarkably influenced by the operating temperature. The different values of the fuel utilization factor influence the height of the settled voltages. The CBFC has significance in determining the slope of the I-V characteristic, but the different values ofthe fuel utilization factor does not affect the slope as the operating temperature does. The CBFC essentially does not alter the amplitude of the overshoot on the voltage response, since this is dominated by the operating temperature and its change is caused by manipulating the current.

  15. Pricing, profits and pharmacoeconomics--for whose benefit?

    Science.gov (United States)

    Adams, J R; Ali, S; Bennett, C L

    2001-03-01

    In today's troubled healthcare climate, it is not uncommon to run across headlines like: 'Health insurance premiums increasing by 10 percent to 30 percent across the country.' This particular New York Times article went on to explain that this premium price hike, the third consecutive double digit increase in 3 years, is driven largely by escalating pharmaceutical costs. The pharmaceutical industry has largely been vilified in the media and in the recent presidential debates, for fueling healthcare inflation and setting what many perceive to be 'unfair' prices in light of the profit margins on their life-saving products. A report released by the Congressional Research Service found that after tax, profits for the pharmaceutical industry averaged 17% of sales, compared with 5% for all other industries. The White House has added its voice to the popular discontent with notices such as this one reported in the New York Times: 'There is a rising tide politically in this country of strong antagonism against the pharmaceutical industry on the dimension of prices. (Without expanded access to insurance) price controls are an inevitable outcome.' Although the prospect of price control remains dubious in America's entrenched laissez-faire economy, David Kessler, former head of the FDA and the Dean of the Yale School of Medicine, described the situation as a 'powder keg,' stating 'the current system is simply not sustainable'. Although there does not appear to be an immediate solution to this escalating crisis, this editorial will examine pharmaceutical pricing, industry profits and the role of pharmacoeconomic analyses amidst the chaos.

  16. A Meta-analysis of the Price Elasticity of Gasoline Demand. A System of Equations Approach

    NARCIS (Netherlands)

    Brons, Martijn; Nijkamp, Peter; Pels, Eric; Rietveld, Piet

    2006-01-01

    Automobile gasoline demand can be expressed as a multiplicative function of fuel efficiency, mileage per car and car ownership. This implies a linear relationship between the price elasticity of total fuel demand and the price elasticities of fuel efficiency, mileage per car and car ownership. In th

  17. A Meta-analysis of the Price Elasticity of Gasoline Demand. A System of Equations Approach

    NARCIS (Netherlands)

    Brons, Martijn; Nijkamp, Peter; Pels, Eric; Rietveld, Piet

    2006-01-01

    Automobile gasoline demand can be expressed as a multiplicative function of fuel efficiency, mileage per car and car ownership. This implies a linear relationship between the price elasticity of total fuel demand and the price elasticities of fuel efficiency, mileage per car and car ownership. In th

  18. A Meta-analysis of the Price Elasticity of Gasoline Demand. A System of Equations Approach

    NARCIS (Netherlands)

    Brons, Martijn; Nijkamp, Peter; Pels, Eric; Rietveld, Piet

    2006-01-01

    Automobile gasoline demand can be expressed as a multiplicative function of fuel efficiency, mileage per car and car ownership. This implies a linear relationship between the price elasticity of total fuel demand and the price elasticities of fuel efficiency, mileage per car and car ownership. In

  19. Impacts of high energy prices on long-term energy-economic scenarios for Germany

    Energy Technology Data Exchange (ETDEWEB)

    Krey, V.; Markewitz, P. [Research Center Juelich, Inst. of Energy Res., Systems Analysis and Technology Evaluation, Juelich (Germany); Horn, M. [DIW Berlin, Berlin (Germany); Matthes, C.; Graichen, V.; Harthan, R.O.; Repenning, J. [Oeko-Institut, Berlin (Germany)

    2007-05-15

    Prices of oil and other fossil fuels on global markets have reached a high level in recent years. These levels were not able to be reproduced on the basis of scenarios and prognoses that were published in the past. New scenarios, based on higher energy price trajectories, have appeared only recently. The future role of various energy carriers and technologies in energy-economic scenarios will greatly depend on the level of energy prices. Therefore, an analysis of the impact of high energy prices on long-term scenarios for Germany was undertaken. Based on a reference scenario with moderate prices, a series of consistent high price scenarios for primary and secondary energy carriers were developed. Two scenarios with (i) continuously rising price trajectories and (ii) a price shock with a price peak during the period 2010-15 and a subsequent decline to the reference level are analysed. Two types of models have been applied in the analysis. The IKARUS energy systems optimisation model covers the whole of the German energy system from primary energy supply down to the end-use sectors. Key results in both high price scenarios include a replacement of natural gas by hard coal and renewable energy sources in electricity and heat generation. Backstop technologies like coal liquefaction begin to play a role under such conditions. Up to 10% of final energy consumption is saved in the end-use sectors, with the residential and transport sector being the greatest contributors. Even without additional restrictions, CO{sub 2} emissions significantly drop in comparison to the reference scenario. The ELIAS electricity investment analysis model focuses on the power sector. In the reference scenario with current allocation rules in the emissions trading scheme, the CO{sub 2} emissions decrease relatively steadily. The development is characterised by the phaseout of nuclear energy which is counterweighted by the increase of renewable. In the high price scenario, the CO{sub 2

  20. ECONOMICAL PLANS EFFECTS ON CHARCOAL PRICES

    Directory of Open Access Journals (Sweden)

    José Luiz Pereira Rezende

    2007-06-01

    Full Text Available Energy is essential for human needs satisfaction. With the evolution of machinery, man becomes more and more dependent on the energy stocked in fossil fuels, comparatively to the primitive economy. Wood charcoal is a thermal-reducer used in Brazilian pig iron and steel industries, and its price is formed in an oligopsonic market. Over time, the charcoal prices have varied in function of endogenous and exogenous factors, needing, therefore, to be deflated so that they can be compared in two or more points in time. This work analyzed the variations of charcoal real prices, in national currency; compared and analyzed the real charcoal price in nominal and in real US Dollar and; analyzed the real prices of charcoal, comparatively to the real oil prices. The analyses were accomplished in the period from January 1975 to December 2002. The time series of charcoal prices, in domestic currency were deflated using IGP-DI, considering august, 1994=100, and charcoal prices were also converted to American dollar and deflated using CPI, considering the period 1982-84=100. It was compared, then, the real and nominal charcoal prices. It concluded that the real charcoal prices in Brazilian domestic currency, or in American dollar, presented a decreasing tendency along time. The inflationary disarray, in the 80´s and the first half of the 90 ´s, provoked a big price variation in the period; from the beginning the XXI century, charcoal prices were more influenced by the exchange rate; in the energy crisis period, charcoal prices suffered big changes that, however, did not persist along time.

  1. The legacy of fossil fuels.

    Science.gov (United States)

    Armaroli, Nicola; Balzani, Vincenzo

    2011-03-01

    Currently, over 80% of the energy used by mankind comes from fossil fuels. Harnessing coal, oil and gas, the energy resources contained in the store of our spaceship, Earth, has prompted a dramatic expansion in energy use and a substantial improvement in the quality of life of billions of individuals in some regions of the world. Powering our civilization with fossil fuels has been very convenient, but now we know that it entails severe consequences. We treat fossil fuels as a resource that anyone anywhere can extract and use in any fashion, and Earth's atmosphere, soil and oceans as a dump for their waste products, including more than 30 Gt/y of carbon dioxide. At present, environmental legacy rather than consistence of exploitable reserves, is the most dramatic problem posed by the relentless increase of fossil fuel global demand. Harmful effects on the environment and human health, usually not incorporated into the pricing of fossil fuels, include immediate and short-term impacts related to their discovery, extraction, transportation, distribution, and burning as well as climate change that are spread over time to future generations or over space to the entire planet. In this essay, several aspects of the fossil fuel legacy are discussed, such as alteration of the carbon cycle, carbon dioxide rise and its measurement, greenhouse effect, anthropogenic climate change, air pollution and human health, geoengineering proposals, land and water degradation, economic problems, indirect effects on the society, and the urgent need of regulatory efforts and related actions to promote a gradual transition out of the fossil fuel era. While manufacturing sustainable solar fuels appears to be a longer-time perspective, alternatives energy sources already exist that have the potential to replace fossil fuels as feedstocks for electricity production. Copyright © 2011 WILEY-VCH Verlag GmbH & Co. KGaA, Weinheim.

  2. Bioethanol: fuel or feedstock?

    DEFF Research Database (Denmark)

    Rass-Hansen, Jeppe; Falsig, Hanne; Jørgensen, Betina

    2007-01-01

    Increasing amounts of bioethanol are being produced from fermentation of biomass, mainly to counteract the continuing depletion of fossil resources and the consequential escalation of oil prices. Today, bioethanol is mainly utilized as a fuel or fuel additive in motor vehicles, but it could also...

  3. Reducing Fuel Volatility - An Additional Benefit From Blending Bio-fuels?

    NARCIS (Netherlands)

    Bailis, R.E.; Koeb, B.S.; Sanders, M.W.J.L.

    2011-01-01

    Oil price volatility harms economic growth. Diversifying into different fuel types can mitigate this effect by reducing volatility in fuel prices. Producing bio-fuels may thus have additional benefits in terms of avoided damage to macro-economic growth. In this study we investigate trends and patter

  4. Natural gas and CO2 price variation: impact on the relative cost-efficiency of LNG and pipelines.

    Science.gov (United States)

    Ulvestad, Marte; Overland, Indra

    2012-06-01

    THIS ARTICLE DEVELOPS A FORMAL MODEL FOR COMPARING THE COST STRUCTURE OF THE TWO MAIN TRANSPORT OPTIONS FOR NATURAL GAS: liquefied natural gas (LNG) and pipelines. In particular, it evaluates how variations in the prices of natural gas and greenhouse gas emissions affect the relative cost-efficiency of these two options. Natural gas is often promoted as the most environmentally friendly of all fossil fuels, and LNG as a modern and efficient way of transporting it. Some research has been carried out into the local environmental impact of LNG facilities, but almost none into aspects related to climate change. This paper concludes that at current price levels for natural gas and CO2 emissions the distance from field to consumer and the volume of natural gas transported are the main determinants of transport costs. The pricing of natural gas and greenhouse emissions influence the relative cost-efficiency of LNG and pipeline transport, but only to a limited degree at current price levels. Because more energy is required for the LNG process (especially for fuelling the liquefaction process) than for pipelines at distances below 9100 km, LNG is more exposed to variability in the price of natural gas and greenhouse gas emissions up to this distance. If the prices of natural gas and/or greenhouse gas emission rise dramatically in the future, this will affect the choice between pipelines and LNG. Such a price increase will be favourable for pipelines relative to LNG.

  5. Trends in prices to commercial energy consumers in the competitive Texas electricity market

    Energy Technology Data Exchange (ETDEWEB)

    Zarnikau, Jay [University of Texas at Austin (United States); Frontier Associates LLC, Austin, TX (United States); Fox, Marilyn; Smolen, Paul [Fox, Smolen and Associates, Inc., Austin, TX (United States)

    2007-08-15

    To date, the price of electricity to commercial or business energy consumers has generally increased at greater rates in the areas of Texas where retail competition has been introduced than in areas that do not enjoy competition. Trends in commercial competitive prices have largely mirrored trends in residential prices. Market restructuring has tended to increase the sensitivity of retail electricity prices to changes in the price of natural gas, the marginal fuel used for generation in Texas. Consequently, the rapid increases in the commodity price of natural gas following restructuring led to increases in competitive electric rates which exceeded the increases in areas not exposed to restructuring, where the fuel component of electric rates tend to reflect a weighted average of the utilities' fuel costs. There is some evidence that pricing behavior by competitive retailers changed when the retailers affiliated with the incumbent utilities were permitted some pricing flexibility, resulting in a reduction in prices. (author)

  6. The Weird Vegetable Price

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    The Chinese Government faces the task of stabilizing vegetable prices to avoid steep increases and dips Fluctuations of vegetable prices in China have recently caused near panic in the domestic market.Purchase prices for farm produce are decreasing dramatically

  7. From tariffs to prices

    Energy Technology Data Exchange (ETDEWEB)

    Baena, D. Eduardo Martin [Endesa, Principe de Vergara 187, Madrid (Spain)

    1998-07-01

    It looks like that all over the World things are changing. Many countries, Spain among them, where electricity regulations were usual, are changing their regulatory mainframe. Since January 1, 1998, electricity production is a deregulated activity in Spain. There has to be open market competition. Prices that are very important for the time coming, have to cover the production cost plus some profits in order to maintain the company profitability. This cultural change applies to all our production facilities, including nuclear power plants. Taking into account this new situation and the nuclear competitiveness, it is important for all of us to understand this issue. As it is well known, nuclear energy is capital intensive, that means it has to compete as base load units due to their low operating costs and their large capital ones. For that reason it is important to reduce as much as possible the operating and maintenance cost as well as the fuel one, which will allow nuclear plants to compete in marginal costs with others units. Nuclear energy, in Spain, is not going to fix the pool price but it has to recover some depreciation through it, the remaining being recovered by the recognition of an important part of the stranded cost. (author)

  8. 7 CFR 1000.50 - Class prices, component prices, and advanced pricing factors.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 9 2010-01-01 2009-01-01 true Class prices, component prices, and advanced pricing... advanced pricing factors. Class prices per hundredweight of milk containing 3.5 percent butterfat, component prices, and advanced pricing factors shall be as follows. The prices and pricing factors...

  9. 对当前外方股权转让价款管理的思考%Thinking of the Current Price Management of Foreign Equity Transfer

    Institute of Scientific and Technical Information of China (English)

    张轶慧

    2012-01-01

    外方股权转让是指外商投资企业的外方将所持有的股权按照一定的价格转让给中方的行为。允许外商投资企业自由转让外方股权是市场经济制度的一个特征,但在目前资本项目实施管制的框架下,对外方股权转让价款的运用受到外汇政策上的限制。为了规避外汇管理,企业利用交易双方的关系、定价机制的不完善,通过私下交割等手段运作股权转让价款,并将其滞留在境内,谋求人民币升值的收益,隐蔽性较强,一旦外汇形势发生变化,容易出现资金集中流出冲击实体经济的后果。所以进一步完善对此类业务的管理,具有现实意义。%The transfer of foreign equity referring to foreign-invested enterprises, means that foreign shareholding is transferred to Chinese shareholder with a certain price. Free transfer of foreign equity is a feature of the market economy system, but under the framework of capital account control, the use of foreign shareholding transfer price is subjected to the restrictions of foreign exchange policy. To avoid foreign exchange management,the operation of transfer is often by means of private delivery and at other equity transfer price, and transfer fund remains in the territory, seeking RMB appreciation. Once the foreign exchange situation change, there may be the consequences of intense capital outflows impacting the real economy. So it has practical significance to further improve the price management of foreign equity transfer.

  10. Identifying of risks in pricing using a regression model of demand on price dependence

    Directory of Open Access Journals (Sweden)

    O.I. Yashkina

    2016-09-01

    Full Text Available The aim of the article. The main purpose of the article is to describe scientific and methodological approaches of determining the price elasticity of demand as a regression model based on the price and risk assessment of price variations on the received model. The results of the analysis. The study is based on the assumption that the index of price elasticity of demand on high-tech innovation is not constant as it is commonly understood in the classical sense. On the stage of commodity market release and subsequent sales growth, the index of price elasticity of demand may vary within certain limits. Index value and thereafter market response are closely related to the current price. Achieving the stated purpose of the article is possible when having factual information about prices and corresponding volumes of sales of new high-tech products for a short period of time, on the basis of which types of demand and prices interrelation are modeled. Risk assessment of pricing and profit optimization by the regression of demand depending on price consists of three stages: a obtaining of a regression model of the demand on the price; b obtaining of function of demand price elasticity and risk assessment of pricing depending on behavior of the function; c determination of the price of company to receive a maximum operating profit based on the specific model of price to demand function. To receive the regression model of dependence of demand on price it is recommended to use specific reference models. The article includes linear, hyperbolic and parabolic models. The regression dependence of price elasticity of demand on price for each of the reference models of demand is obtained on the basis of the function elasticity concept in mathematical analysis. The concept of «function of price elasticity of demand» expresses this dependence. For the received functions of price elasticity of demand, the article provides intervals with the highest and lowest

  11. Drug Pricing Reforms

    DEFF Research Database (Denmark)

    Kaiser, Ulrich; Mendez, Susan J.; Rønde, Thomas

    2015-01-01

    Reference price systems for prescription drugs have found widespread use as cost containment tools. Under such regulatory regimes, patients co-pay a fraction of the difference between pharmacy retail price of the drug and a reference price. Reference prices are either externally (based on drug...... prices in other countries) or internally (based on domestic drug prices) determined. In a recent study, we analysed the effects of a change from external to internal reference pricing in Denmark in 2005, finding that the reform led to substantial reductions in prices, producer revenues, and expenditures...

  12. Pricing and Trust

    DEFF Research Database (Denmark)

    Huck, Steffen; Ruchala, Gabriele K.; Tyran, Jean-Robert

    We experimentally examine the effects of flexible and fixed prices in markets for experience goods in which demand is driven by trust. With flexible prices, we observe low prices and high quality in competitive (oligopolistic) markets, and high prices coupled with low quality in non-competitive...... (monopolistic) markets. We then introduce a regulated intermediate price above the oligopoly price and below the monopoly price. The effect in monopolies is more or less in line with standard intuition. As price falls volume increases and so does quality, such that overall efficiency is raised by 50%. However...

  13. PRICING STRATEGY IN THE INDONESIAN CONSTRUCTION INDUSTRY

    Directory of Open Access Journals (Sweden)

    Krishna Mochtar

    2002-01-01

    Full Text Available Issues related to pricing strategy in the Indonesian construction industry are covered%2C including problems of current pricing strategy in construction%2C exploration of pricing strategies with a market-based approach%2C and survey findings of the top Indonesian contractors regarding their current pricing practices and the applicability of market-based pricing strategy models developed by Mochtar and Arditi. Comparisons with similar survey findings of the top U.S. contractors are conducted whenever possible. In conclusion%2C the belief that current pricing strategy in construction is predominantly cost-based is confirmed by the survey findings%3B indeed%2C in setting the markup%2C most contractors rely on subjective assessment of the competition. Using simulated bidding scenarios%2C it is discovered that Indonesian contractors tend to be more market-based as they know more about the owner%5C%27s characteristics%2C competitors%5C%27 characteristics%2C and market demand. Consequently%2C the implementation of bidding procedure proposed by Mochtar and Arditi is supported. To maximize the benefits of market-based pricing strategies%2C the bidding procedure change should be explored by all parties involved in the Indonesian construction industry. Abstract in Bahasa Indonesia : Cost-based+pricing%2C+market-based+pricing%2C+pricing+variables%2C+bidding+procedure.

  14. Carbon Pricing: Design, Experiences and Issues

    DEFF Research Database (Denmark)

    Carbon Pricing reflects upon and further develops the ongoing and worthwhile global debate into how to design carbon pricing, and how to utilize the financial proceeds in the best possible way for society. The world has recently witnessed a significant downward adjustment in fossil fuel prices...... the consequential outcomes of different taxation compositions as regulatory instruments. Expert contributors assess a variety of national experiences to provide an empirical insight into the use of carbon taxes, emissions trading, energy taxes and excise taxes. The overarching discussion concludes that successful...

  15. 48 CFR 52.215-20 - Requirements for Certified Cost or Pricing Data and Data Other Than Certified Cost or Pricing Data.

    Science.gov (United States)

    2010-10-01

    ... Certificate of Current Cost or Pricing Data, as prescribed by FAR 15.406-2. (End of provision) Alternate I... Cost or Pricing Data and Data Other Than Certified Cost or Pricing Data. 52.215-20 Section 52.215-20... Certified Cost or Pricing Data and Data Other Than Certified Cost or Pricing Data. As prescribed in...

  16. 48 CFR 52.215-21 - Requirements for Certified Cost or Pricing Data and Data Other Than Certified Cost or Pricing...

    Science.gov (United States)

    2010-10-01

    ... Contractor shall submit a Certificate of Current Cost or Pricing Data, as prescribed by FAR 15.406-2. (End of... Cost or Pricing Data and Data Other Than Certified Cost or Pricing Data-Modifications. 52.215-21... Requirements for Certified Cost or Pricing Data and Data Other Than Certified Cost or Pricing...

  17. Derivative as a Form of Insurance on Oil Price: A Case Study on British Airway

    OpenAIRE

    Wang, Hongfei

    2007-01-01

    Abstract Over the past ten years, the increasing price of jet fuel is putting constant pressure on the airline industry. Since the jet fuel cost is the second largest operating expenditure in the airlines sector, even a small increase in the fuel price would lead a significant of expenditure on the operating cost. This paper tends to exam the use of financial derivatives to hedge against the adverse oil price change and it effectiveness. To further illustrate this point, a c...

  18. Fuel tourism in border regions: The case of Switzerland

    Energy Technology Data Exchange (ETDEWEB)

    Banfi, S.; Filippini, M. [Swiss Federal Institute of Technology, Zurich (Switzerland). Department of Management, Technology and Economics, Centre for Energy Policy and Economics; Universita della Svizzera italiana, Lugano (Switzerland). Istituto di microeconomia e economia Pubblica; Hunt, L.C. [University of Surrey (United Kingdom). Department of Economics, Surrey Energy Economics Centre

    2005-09-01

    This paper explores the issue of 'fuel tourism' in Switzerland. For the period 1985-1997, a panel data model for the border regions of Switzerland, (Italy, France, and Germany) is estimated. The results show a significant impact of the gasoline price differential on demand, suggesting that a decrease of 10% in the Swiss gasoline price leads to an increase in demand in the border areas of nearly 17.5%. It is shown that fuel tourism accounted for about 9% of overall gasoline sales in the three regions during the period 1985-1997 and that the recently proposed Swiss CO{sub 2}-tax might, given current conditions, eliminate net fuel tourism. (author)

  19. Trend of Price and Economic Development in 2005

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

      The situation of the four major kinds of price in 2004-residents' con sumption price, price of production means, interest rate, foreign exchange rate-became main concern from the domestic and international personages. By reviewing the market price in 2004, and analyzing the current price variables, we will easily find the prospects of Chinese economy and people's life in 2005.……

  20. ACCOUNTING ASPECTS OF PRICING AND TRANSFER PRICING

    Directory of Open Access Journals (Sweden)

    TÜNDE VERES

    2011-01-01

    Full Text Available The pricing methods in practice need really complex view of the business situation and depend on the strategy and market position of a company. The structure of a price seems simple: cost plus margin. Both categories are special area in the management accounting. Information about the product costs, the allocation methodologies in cost accounting, the analyzing of revenue and different level of the margin needs information from accounting system. This paper analyzes the pricing methods from management accounting aspects to show out the role of the accounting system in the short term and long term pricing and transfer pricing decisions.

  1. A Case Study of Pharmaceutical Pricing in China: Setting the Price for Off-Patent Originators.

    Science.gov (United States)

    Hu, Shanlian; Zhang, Yabing; He, Jiangjiang; Du, Lixia; Xu, Mingfei; Xie, Chunyan; Peng, Ying; Wang, Linan

    2015-08-01

    This article aims to define a value-based approach to pricing and reimbursement for off-patent originators using a multiple criteria decision analysis (MCDA) approach centered on a systematic analysis of current pricing and reimbursement policies in China. A drug price policy review was combined with a quantitative analysis of China's drug purchasing database. Policy preferences were identified through a MCDA performed by interviewing well-known academic experts and industry stakeholders. The study findings indicate that the current Chinese price policy includes cost-based pricing and the establishment of maximum retail prices and premiums for off-patent originators, whereas reference pricing may be adopted in the future. The literature review revealed significant differences in the dissolution profiles between originators and generics; therefore, dissolution profiles need to be improved. Market data analysis showed that the overall price ratio of generics and off-patent originators was around 0.54-0.59 in 2002-2011, with a 40% price difference, on average. Ten differentiating value attributes were identified and MCDA was applied to test the impact of three pricing policy scenarios. With the condition of implementing quality consistency regulations and controls, a reduction in the price gap between high-quality off-patent products (including originator and generics) seemed to be the preferred policy. Patents of many drugs will expire within the next 10 years; thus, pricing will be an issue of importance for off-patent originators and generic alternatives.

  2. Current state of nuclear fuel cycles in nuclear engineering and trends in their development according to the environmental safety requirements

    Science.gov (United States)

    Vislov, I. S.; Pischulin, V. P.; Kladiev, S. N.; Slobodyan, S. M.

    2016-08-01

    The state and trends in the development of nuclear fuel cycles in nuclear engineering, taking into account the ecological aspects of using nuclear power plants, are considered. An analysis of advantages and disadvantages of nuclear engineering, compared with thermal engineering based on organic fuel types, was carried out. Spent nuclear fuel (SNF) reprocessing is an important task in the nuclear industry, since fuel unloaded from modern reactors of any type contains a large amount of radioactive elements that are harmful to the environment. On the other hand, the newly generated isotopes of uranium and plutonium should be reused to fabricate new nuclear fuel. The spent nuclear fuel also includes other types of fission products. Conditions for SNF handling are determined by ecological and economic factors. When choosing a certain handling method, one should assess these factors at all stages of its implementation. There are two main methods of SNF handling: open nuclear fuel cycle, with spent nuclear fuel assemblies (NFAs) that are held in storage facilities with their consequent disposal, and closed nuclear fuel cycle, with separation of uranium and plutonium, their purification from fission products, and use for producing new fuel batches. The development of effective closed fuel cycles using mixed uranium-plutonium fuel can provide a successful development of the nuclear industry only under the conditions of implementation of novel effective technological treatment processes that meet strict requirements of environmental safety and reliability of process equipment being applied. The diversity of technological processes is determined by different types of NFA devices and construction materials being used, as well as by the composition that depends on nuclear fuel components and operational conditions for assemblies in the nuclear power reactor. This work provides an overview of technological processes of SNF treatment and methods of handling of nuclear fuel

  3. Alaska North Slope crude oil price and the behavior of diesel prices in California

    Energy Technology Data Exchange (ETDEWEB)

    Adrangi, B.; Chatrath, A. [School of Business Administration, University of Portland, 5000 N. Willamette Blvd., 97203 Portland, OR (United States); Raffiee, K. [Department of Economics, College of Business Administration, 89557 Reno, NV (United States); Ripple, R. [Faculty of Business, School of Finance and Business Economics, Edith Cowan University, 100 Joondalup Drive, Western Australia 6027 Joondalup (Australia)

    2001-01-01

    In this paper we analyze the price dynamics of Alaska North Slope crude oil and L.A. diesel fuel prices. We employ VAR methodology and bivariate GARCH model to show that there is a strong evidence of a uni-directional causal relationship between the two prices. The L.A. diesel market is found to bear the majority of the burden of convergence when there is a price spread. This finding may be seen as being consistent with the general consensus that price discovery emanates from the larger, more liquid market where trading volume is concentrated. The contestability of the West Coast crude oil market tends to cause it to react relatively competitively, while the lack of contestability for the West Coast diesel market tends to limit its competitiveness, causing price adjustment to be slow but to follow the price signals of crude oil. Our findings also suggest that the derived demand theory of input pricing may not hold in this case. The Alaska North Slope crude oil price is the driving force in changes of L.A. diesel price.

  4. Exporter Price Premia?

    DEFF Research Database (Denmark)

    Jäkel, Ina Charlotte; Sørensen, Allan

    -cut prediction on the sign of the exporter price premium. However, the model unambiguously predicts a negative exporter price premium in terms of quality-adjusted prices, i.e. prices per unit of quality. This prediction is broadly borne out in the Danish data: while the magnitude of the premium varies across...

  5. Pricing and Trust

    DEFF Research Database (Denmark)

    Huck, Steffen; Ruchala, Gabriele K.; Tyran, Jean-Robert

    We experimentally examine the effects of flexible and fixed prices in markets for experience goods in which demand is driven by trust. With flexible prices, we observe low prices and high quality in competitive (oligopolistic) markets, and high prices coupled with low quality in non...

  6. Multi-objective regulations on transportation fuels: Comparing renewable fuel mandates and emission standards

    OpenAIRE

    D. Rajagopal; Plevin, R; Hochman, G; Zilberman, D.

    2015-01-01

    © 2015 Elsevier B.V. We compare two types of fuel market regulations - a renewable fuel mandate and a fuel emission standard - that could be employed to simultaneously achieve multiple outcomes such as reduction in fuel prices, fuel imports and greenhouse gas (GHG) emissions. We compare these two types of regulations in a global context taking into account heterogeneity in carbon content of both fossil fuels and renewable fuels. We find that although neither the ethanol mandate nor the emissi...

  7. Energy prices - August 2007; Prix des energies - aout 2007

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-07-01

    This folder presents a synthesis of the main energy tariffs and prices in August 2007 and their comparison with the average annual data for 2005 and 2006. Data are presented in tables by sector of activity and by energy source: transports (automotive fuels), residential (fuel oil, district heating, propane, coal, wood-fuel, electricity, natural gas), industry (natural gas, electricity, heavy fuel oil, coal). (J.S.)

  8. Strategic Transfer Pricing

    OpenAIRE

    Michael Alles; Srikant Datar

    1998-01-01

    Most research into cost systems has focused on their motivational implications. This paper takes a different approach, by developing a model where two oligopolistic firms strategically select their cost-based transfer prices. Duopoly models frequently assume that firms game on their choice of prices. Product prices, however, are ultimately based on the firms' transfer prices that communicate manufacturing costs to marketing departments. It is for this reason that transfer prices will have a s...

  9. The Pricing of Payments

    OpenAIRE

    Krueger, Malte

    2009-01-01

    The pricing of payments has received increasing attention of regulators. In many cases, regulators are concerned that consumers do not face cost based prices. They argue that without cost based prices consumers will make inefficient choices. In this paper, it is argued that both, economics of scale and the particular laws governing pricing in two-sided markets provide a case against cost based pricing.

  10. Pricing Software and Information on CD-ROM.

    Science.gov (United States)

    Gibbins, Patrick

    1987-01-01

    Examines the relationships between purchases of optical data disk products, publishers, and software suppliers. The discussion covers current pricing strategies for optical data disk software and information products, and possible future developments in marketing and pricing. (CLB)

  11. 当前油价和补贴政策对中国新能源汽车产业发展的影响——基于Stackelberg模型分析%Effects of the Current Oil Price and Subsidy Policy on the Development of New Energy Automotive Industry in China: Analysis Based on Stackelberg Model

    Institute of Scientific and Technical Information of China (English)

    汪泽波

    2015-01-01

    In order to reduce air pollution, promote the transformation of the economic development mode and cultivate new economic growth points, the Chinese government vigorously supports and promotes the development of new energy automotive industry, having issuing a series of subsidy policy measures and making this emerging industry to usher in the development of the best opportunities. But the development of new energy vehicles face a variety of difficulties and challenges at the disadvantages in terms of the price competition and the market share because of their high manufacturing costs and technical breakthrough difficulties, compared with traditional vehicles. How to break the monopoly of the traditional auto industry? This paper is based on the classical Stackelberg model to establish the competition model between the new energy automotive industry and the traditional automobile industry, selecting the fuel prices and government subsidies in a number of factors to analyze their influence on the development of new energy automotive industry and finds that the current low oil price has an adverse effect on the development of new energy automotive industry, and government subsidies have positive effect on it, thus giving the feasible policy suggestions.%为减少空气污染、促进经济发展方式转变以培育新的经济增长点,中国大力扶持推动新能源汽车产业发展,出台了一系列补贴政策措施,使得这一新兴产业迎来发展的最佳机遇期. 但是新能源汽车相对于传统汽车由于其制造成本高、技术难度大,在价格竞争方面处于不利的地位,市场占有额比较少,其发展面临种种困难和挑战. 以经典的Stackelberg模型为基础,建立新能源汽车产业和传统汽车产业之间的竞争模型,在众多影响因素中选取燃油价格和政府补贴两个因素,分析其对新能源汽车产业发展的影响,发现当前较低的油价对新能源汽车产业发展有不利的影响,

  12. Microbial Fuel Cell Cathodes With Poly(dimethylsiloxane) Diffusion Layers Constructed around Stainless Steel Mesh Current Collectors

    KAUST Repository

    Zhang, Fang

    2010-02-15

    A new and simplified approach for making cathodes for microbial fuel cells (MFCs) was developed by using metal meshcurrent collectorsandinexpensive polymer/carbon diffusion layers (DLs). Rather than adding a current collector to a cathode material such as carbon cloth, we constructed the cathode around the metal mesh itself, thereby avoiding the need for the carbon cloth or other supporting material. A base layer of poly(dimethylsiloxane) (PDMS) and carbon black was applied to the air-side of a stainless steel mesh, and Pt on carbon black with Nafion binder was applied to the solutionside as catalyst for oxygen reduction. The PDMS prevented water leakage and functioned as a DL by limiting oxygen transfer through the cathode and improving coulombic efficiency. PDMS is hydrophobic, stable, and less expensive than other DL materials, such as PTFE, that are commonly applied to air cathodes. Multiple PDMS/carbon layers were applied in order to optimize the performance of the cathode. Two PDMS/ carbon layers achieved the highest maximum power density of 1610 ± 56 mW/m 2 (normalized to cathode projected surface area; 47.0 ± 1.6 W/m3 based on liquid volume). This power output was comparable to the best result of 1635 ± 62 mW/m2 obtained using carbon cloth with three PDMS/carbon layers and a Pt catalyst. The coulombic efficiency of the mesh cathodes reached more than 80%, and was much higher than the maximum of 57% obtained with carbon cloth. These findings demonstrate that cathodes can be constructed around metal mesh materials such as stainless steel, and that an inexpensive coating of PDMS can prevent water leakage and lead to improved coulombic efficiencies. © 2010 American Chemical Society.

  13. Effects of food price shocks on child malnutrition

    DEFF Research Database (Denmark)

    Arndt, Thomas Channing; Hussain, M. Azhar; Salvucci, Vincenzo

    2016-01-01

    to the first semester or three quarters, when food price inflation was generally high. The prevalence of underweight, in particular, falls by about 40 percent. We conclude that the best available evidence points to food penury, driven by the food and fuel price crisis combined with a short agricultural...

  14. ACCOUNTING ASPECTS OF PRICING AND TRANSFER PRICING

    OpenAIRE

    TÜNDE VERES

    2011-01-01

    The pricing methods in practice need really complex view of the business situation and depend on the strategy and market position of a company. The structure of a price seems simple: cost plus margin. Both categories are special area in the management accounting. Information about the product costs, the allocation methodologies in cost accounting, the analyzing of revenue and different level of the margin needs information from accounting system. This paper analyzes the pricing methods from m...

  15. Accounting Aspects of Pricing and Transfer Pricing

    OpenAIRE

    TÜNDE VERES

    2011-01-01

    The pricing methods in practice need really complex view of the business situation and depend on the strategy and market position of a company. The structure of a price seems simple: cost plus margin. Both categories are special area in the management accounting. Information about the product costs, the allocation methodologies in cost accounting, the analyzing of revenue and different level of the margin needs information from accounting system. This paper analyzes the pricing methods from m...

  16. Price strategy and pricing strategy: terms and content identification

    OpenAIRE

    Panasenko Tetyana

    2015-01-01

    The article is devoted to the terminology and content identification of seemingly identical concepts "price strategy" and "pricing strategy". The article contains evidence that the price strategy determines the direction, principles and procedure of implementing the company price policy and pricing strategy creates a set of rules and practical methods of price formation in accordance with the pricing strategy of the company.

  17. Oil-import contracts, prices discussed

    Energy Technology Data Exchange (ETDEWEB)

    Nedeljkovic, D.

    1986-01-01

    The author accuses Yugoslavia of a sluggish response to changing world oil markets that will repeat the situation of 1973, when Yugoslavia's failure to raise oil prices led to increased consumption. Reviewing the composition of imports and their sources, the author suggests that Yugoslavia cannot be buying on the spot market at such low prices. Instead, intergovernmental agreements set prices which are independent of the market, and these contracts remain in effect until new ones are concluded. The high value of the dollar relative to the dinar and the high cost of refining are other components of the current price problem.

  18. A Comparative Study of Activity-Based Costing vs. Current Pricing System for Pathology Examinations at Okmeydani Training and Research Hospital, Turkey.

    Science.gov (United States)

    Yarikkaya, Enver; Özekinci, Selver; Sargan, Aytül; Durmuş, Şenay Erdoğan; Yildiz, Fetin Rüştü

    2017-01-01

    To provide real cost data for pathology examinations by using activity-based costing method, in order to provide means to departments, health administrators and the social security institution to achieve improvements in financial planning, quality and cost control. The cost of the histopathological examinations, which were accepted by the Department of Pathology at Okmeydanı Training and Research Hospital during August 2014, was calculated using the activity-based costing method. The costs were compared with the amounts specified in the Healthcare Implementation Notification Tariff and the conventional volume-based costing. Most pathology examinations listed within a given band in the Healthcare Implementation Notification Tariff show variations in unit costs. The study found that the costs of 77.4% of the examinations were higher than the prices listed in the Healthcare Implementation Notification Tariff. The pathology examination tariffs specified in the Healthcare Implementation Notification do not reflect the real costs of the examinations. The costs that are calculated using the activity-based costing system may vary according to the service types and levels of health care institutions. However, the main parameters of the method used in the study reflect the necessity of a more accurate banding of pathology examinations. The banding specified by the Healthcare Implementation Notification Tariff needs to be revised to reflect the real costs in Turkey.

  19. Interleaved soft-switched active-clamped L-L type current-fed half-bridge DC-DC converter for fuel cell applications

    Energy Technology Data Exchange (ETDEWEB)

    Rathore, Akshay K. [Electrical Machines and Drives Research Lab, University of Wuppertal, Rainer Gruenter Str. 21, University Campus Freudenberg, 42119 Wuppertal, NRW (Germany)

    2009-12-15

    In this paper, an interleaved soft-switched active-clamped L-L type current-fed half-bridge isolated dc-dc converter has been proposed. The L-L type active-clamped current-fed converter is able to maintain zero-voltage switching (ZVS) of all switches for the complete operating range of wide fuel cell stack voltage variation at full load down to light load conditions. Active-clamped circuit absorbs the turn-off voltage spike across the switches. Half-bridge topology maintains higher efficiency due to lower conduction losses. Soft-switching permits higher switching frequency operation, reducing the size, weight and cost of the magnetic components. Interleaving of the two isolated converters is done using parallel input series output approach and phase-shifted modulation is adopted. It reduces the input current ripple at the fuel cell input, which is required in a fuel cell system and also reduces the output voltage ripples. In addition, the size of the magnetic/passive components, current rating of the switches and voltage ratings of the rectifier diodes are reduced. (author)

  20. Fuel cells

    Directory of Open Access Journals (Sweden)

    D. N. Srivastava

    1962-05-01

    Full Text Available The current state of development of fuel cells as potential power sources is reviewed. Applications in special fields with particular reference to military requirements are pointed out.

  1. Nuclear Power for Sustainable Development : Current Status and Future Prospects

    OpenAIRE

    Adamantiades, A.; Kessides, I.

    2009-01-01

    Interest in nuclear power has been revived as a result of volatile fossil fuel prices, concerns about the security of energy supplies, and global climate change. This paper describes the current status and future plans for expansion of nuclear power, the advances in nuclear reactor technology, and their impacts on the associated risks and performance of nuclear power. Advanced nuclear reactors have been designed to be simpler and safer, and to have lower costs than currently operating reactor...

  2. International Transfer Pricing in Multinational Enterprises

    DEFF Research Database (Denmark)

    Rossing, Christian Plesner; Cools, Martine; Rohde, Carsten

    2017-01-01

    Current curricula in management accounting stress the role of transfer pricing as a tool for measuring the performance of responsibility centers and their managers. Recently, however, multinational enterprises (MNEs) have felt increasing pressure to comply with transfer pricing tax regulation....... As a result, tax risk management considerations play a key role in the transfer pricing decisions of MNEs today. This case seeks to provide you with examples of the core principles of international transfer pricing, as well as to allow you to discuss international transfer pricing in the context...... of responsibility accounting. Specifically, the case study is a fictional MNE, allowing you to apply the OECD Guidelines in practice to cross-border transfers within an MNE, and to discuss the implications of tax-based transfer pricing for responsibility accounting. As a basis for working on the case study...

  3. Electrochemical Performance and Stability of the Cathode for Solid Oxide Fuel Cells. I. Cross Validation of Polarization Measurements by Impedance Spectroscopy and Current-Potential Sweep

    Energy Technology Data Exchange (ETDEWEB)

    Zhou, Xiao Dong; Pederson, Larry R.; Templeton, Jared W.; Stevenson, Jeffry W.

    2009-12-09

    The aim of this paper is to address three issues in solid oxide fuel cells: (1) cross-validation of the polarization of a single cell measured using both dc and ac approaches, (2) the precise determination of the total areal specific resistance (ASR), and (3) understanding cathode polarization with LSCF cathodes. The ASR of a solid oxide fuel cell is a dynamic property, meaning that it changes with current density. The ASR measured using ac impedance spectroscopy (low frequency interception with real Z´ axis of ac impedance spectrum) matches with that measured from a dc IV sweep (the tangent of dc i-V curve). Due to the dynamic nature of ASR, we found that an ac impedance spectrum measured under open circuit voltage or on a half cell may not represent cathode performance under real operating conditions, particularly at high current density. In this work, the electrode polarization was governed by the cathode activation polarization; the anode contribution was negligible.

  4. Fuel cells:

    DEFF Research Database (Denmark)

    Sørensen, Bent

    2013-01-01

    A brief overview of the progress in fuel cell applications and basic technology development is presented, as a backdrop for discussing readiness for penetration into the marketplace as a solution to problems of depletion, safety, climate or environmental impact from currently used fossil and nucl......A brief overview of the progress in fuel cell applications and basic technology development is presented, as a backdrop for discussing readiness for penetration into the marketplace as a solution to problems of depletion, safety, climate or environmental impact from currently used fossil...... and nuclear fuel-based energy technologies....

  5. Palbociclib as a first-line treatment in oestrogen receptor-positive, HER2-negative, advanced breast cancer not cost-effective with current pricing: a health economic analysis of the Swiss Group for Clinical Cancer Research (SAKK).

    Science.gov (United States)

    Matter-Walstra, K; Ruhstaller, T; Klingbiel, D; Schwenkglenks, M; Dedes, K J

    2016-07-01

    Endocrine therapy continues to be the optimal systemic treatment for metastatic ER(+)HER2(-) breast cancer. The CDK4/6 inhibitor palbociclib combined with letrozole has recently been shown to significantly improve progression-free survival. Here we examined the cost-effectiveness of this regimen for the Swiss healthcare system. A Markov cohort simulation based on the PALOMA-1 trial (Finn et al. in Lancet Oncol 16:25-35, 2015) was used as the clinical course. Input parameters were based on summary trial data. Costs were assessed from the Swiss healthcare system perspective. Adding palbociclib to letrozole (PALLET) compared to letrozole monotherapy was estimated to cost an additional CHF342,440 and gain 1.14 quality-adjusted life years, resulting in an incremental cost-effectiveness ratio (ICER) of CHF301,227/QALY gained. In univariate sensitivity analyses, no tested variation in key parameters resulted in an ICER below a willingness-to-pay threshold of CHF100,000/QALY. PALLET had a 0 % probability of being cost-effective in probabilistic sensitivity analyses. Lowering PALLET's price by 75 % resulted in an ICER of CHF73,995/QALY and a 73 % probability of being cost-effective. At current prices, PALLET would cost the Swiss healthcare system an additional CHF155 million/year. Palbociclib plus letrozole cannot be considered cost-effective for the first-line treatment of patients with metastatic breast cancer in the Swiss healthcare system.

  6. 全球矿产品定价机制下的利益分配格局分析%Analysis on the pattern of distribution of interests under the current pricing pattern of global mines

    Institute of Scientific and Technical Information of China (English)

    彭颖; 陈其慎

    2014-01-01

    This essay ,firstly introducing the 3 pricing patterns of global mines theoretically ,takes 3 multinational resource corporations and 2 Mines Futures Exchanges as research target .The nationality of the shareholders from these institutions above brings to light ,by consulting the relevant annual reports or financial data bank ,so as to analyze the pattern of distribution of interests under the current pricing pattern of global mines .The shareholders ,either multinational resource corporations or Mines Futures Exchanges above ,consist of financial institutions from Western countries .These shareholders ,by investing on the mineral resources overseas ,became the ultimate controllers of global mines ,which grabbed the super‐profit by several vehicles such as raising the price of frame‐work contract ,manipulating the price of mines futures by the unilateral information or capital superiority ,etc .It is concluded that Western countries are not only the framer for the pricing pattern of global mines ,but also the final beneficiaries through the price surge or fluctuation of mines .%本文首先在理论上介绍了当前国际矿产品市场上的三种定价模式,并选取了必和必拓、埃克森美孚、自由港3家跨国资源公司和美国洲际交易所、伦敦金属交易所为研究对象,通过查阅公司年报、财经数据库等资料归类分析了上述机构股东的背景情况,以期达到分析当前矿产品定价机制下利益分配格局的目的。研究表明,无论是跨国资源公司,还是商品期货交易所,其股东均为西方发达国家的金融机构。这些股东通过早期对海外矿产资源的权益性投资,已经成为国际大宗矿产的实际控制者,他们或通过提高长期协议价格,或利用资金、信息等优势操纵矿产品期货价格,攫取超额利润。从而得出结论:西方发达国家不仅是当前国际矿产品定价规则的制定者,还是国际矿产品价

  7. Electrochemical evaluation of sulfur poisoning in a methane-fuelled solid oxide fuel cell: Effect of current density and sulfur concentration

    DEFF Research Database (Denmark)

    Hagen, Anke; Johnson, Gregory B.; Hjalmarsson, Per

    2014-01-01

    A Ni/ScYSZ based SOFC was tested at 1, 0.5, 0.25, and 0 (OCV) A cm−2 in methane fuel containing 0–100 ppm H2S. Analysis of cell voltage loss during short-term H2S poisoning showed that SOFC performance loss was generally larger at higher current loads. Separating the effect of H2S on catalytic re...

  8. Optimization of operating parameters to maximize the current density without flooding at the cathode membrane interface of a PEM fuel cell using Taguchi method and genetic algorithm

    Directory of Open Access Journals (Sweden)

    S.S.L. Rao, A. Shaija, S. Jayaraj

    2014-01-01

    Full Text Available A mathematical model was developed to investigate water accumulation at the cathode membrane interface by varying different operating parameters like fuel cell operating temperature and pressure, cathode and anode humidification temperatures and cathode stoichiometry. Taguchi optimization methodology is then combined with this model to determine the optimal combination of the operating parameters to maximize current density without flooding. Results of analysis of variance (ANOVA show that fuel cell operating temperature and cathode humidification temperature are the two most significant parameters in the ratio of 56.07% and 27.89% respectively and also that higher fuel cell temperature and lower cathode humidification temperature are favourable to get the maximum current draw without flooding at the cathode membrane interface. The global optimum value of the operating parameters to maximize the current density without flooding was obtained by formulating as an optimization problem using genetic algorithm (GA. These results were compared with the results obtained using Taguchi method and it was found to be similar and slightly better.

  9. Fuel flexible fuel injector

    Science.gov (United States)

    Tuthill, Richard S; Davis, Dustin W; Dai, Zhongtao

    2015-02-03

    A disclosed fuel injector provides mixing of fuel with airflow by surrounding a swirled fuel flow with first and second swirled airflows that ensures mixing prior to or upon entering the combustion chamber. Fuel tubes produce a central fuel flow along with a central airflow through a plurality of openings to generate the high velocity fuel/air mixture along the axis of the fuel injector in addition to the swirled fuel/air mixture.

  10. Analysis of Cryptocurrencies Price Development

    Directory of Open Access Journals (Sweden)

    Jan Lansky

    2016-12-01

    Full Text Available Cryptocurrencies are a type of digital currencies based on cryptography principles. Cryptocurrencies are a unique combination of three characteristics: they provide anonymity, they are independent of central authority and they provide protection from double spending attack. The aim of this paper is to capture trends in the area of significant cryptocurrencies price developments and to explain their causes. The current research in this area is exclusively limited to an analysis of the price developments of the most important Bitcoin cryptocurrency; our research is the first to focus on other cryptocurrencies too. The economic perspective on cryptocurrencies is based on IT knowledge regarding the principles of their functioning. We have created a database of prices of 1278 cryptocurrencies from 2013 to 2016. This database is publicly available. To analyse the data, SQL query language was used.

  11. Airline Price Discrimination

    OpenAIRE

    Stacey, Brian

    2015-01-01

    Price discrimination enjoys a long history in the airline industry. Borenstein (1989) discusses price discrimination through frequent flyer programs from 1985 as related to the Piedmont-US Air merger, price discrimination strategies have grown in size and scope since then. From Saturday stay over requirements to varying costs based on time of purchase, the airline industry is uniquely situated to enjoy the fruits of price discrimination.

  12. Fuel cell added value for early market applications

    Science.gov (United States)

    Hardman, Scott; Chandan, Amrit; Steinberger-Wilckens, Robert

    2015-08-01

    Fuel Cells are often considered in the market place as just power providers. Whilst fuel cells do provide power, there are additional beneficial characteristics that should be highlighted to consumers. Due to the high price premiums associated with fuel cells, added value features need to be exploited in order to make them more appealing and increase unit sales and market penetration. This paper looks at the approach taken by two companies to sell high value fuel cells to niche markets. The first, SFC Energy, has a proven track record selling fuel cell power providers. The second, Bloom Energy, is making significant progress in the US by having sold its Energy Server to more than 40 corporations including Wal-Mart, Staples, Google, eBay and Apple. Further to these current markets, two prospective added value applications for fuel cells are discussed. These are fuel cells for aircraft APUs and fuel cells for fire prevention. These two existing markets and two future markets highlight that fuel cells are not just power providers. Rather, they can be used as solutions to many needs, thus being more cost effective by replacing a number of incumbent systems at the same time.

  13. Thorium-based fuel cycles: Reassessment of fuel economics and proliferation risk

    Energy Technology Data Exchange (ETDEWEB)

    Serfontein, Dawid E., E-mail: Dawid.Serfontein@nwu.ac.za [Senior Lecturer at the School of Mechanical and Nuclear Engineering, North West University (PUK-Campus), PRIVATE BAG X6001, Internal Post Box 360, Potchefstroom 2520 (South Africa); Mulder, Eben J. [Professor at the School of Mechanical and Nuclear Engineering, North West University (South Africa)

    2014-05-01

    At current consumption and current prices, the proven reserves for natural uranium will last only about 100 years. However, the more abundant thorium, burned in breeder reactors, such as large High Temperature Gas-Cooled Reactors, and followed by chemical reprocessing of the spent fuel, could stretch the 100 years for uranium supply to 15,000 years. Thorium-based fuel cycles are also viewed as more proliferation resistant compared to uranium. However, several barriers to entry caused all countries, except India and Russia, to abandon their short term plans for thorium reactor projects, in favour of uranium/plutonium fuel cycles. In this article, based on the theory of resonance integrals and original analysis of fast fission cross sections, the breeding potential of {sup 232}Th is compared to that of {sup 238}U. From a review of the literature, the fuel economy of thorium-based fuel cycles is compared to that of natural uranium-based cycles. This is combined with a technical assessment of the proliferation resistance of thorium-based fuel cycles, based on a review of the literature. Natural uranium is currently so cheap that it contributes only about 10% of the cost of nuclear electricity. Chemical reprocessing is also very expensive. Therefore conservation of natural uranium by means of the introduction of thorium into the fuel is not yet cost effective and will only break even once the price of natural uranium were to increase from the current level of about $70/pound yellow cake to above about $200/pound. However, since fuel costs constitutes only a small fraction of the total cost of nuclear electricity, employing reprocessing in a thorium cycle, for the sake of its strategic benefits, may still be a financially viable option. The most important source of the proliferation resistance of {sup 232}Th/{sup 233}U fuel cycles is denaturisation of the {sup 233}U in the spent fuel by {sup 232}U, for which the highly radioactive decay chain potentially poses a large

  14. Assessing the current Brazilian sugar cane industry and directing developments for maximum fossil fuel mitigation for the international petrochemical market

    NARCIS (Netherlands)

    Brehmer, B.; Sanders, J.P.M.

    2009-01-01

    The EU proposes that 5.75% of the transportation fuels market consist of biofuels by 2010 and the USA proposes that all gasoline be blended with 10% bioethanol by 2012. While these targets have not yet been reached, an aura of critique is emerging, arguing that biofuel mandates are not sustainable.

  15. Price control and macromarketing

    Directory of Open Access Journals (Sweden)

    Kancir Rade

    2003-01-01

    Full Text Available Price control at macro level is part of integral macro marketing strategic control system, or more precisely, part of social marketing mix control. Price impact is direct, if it is regarded in the context of needs satisfaction, and indirect, within the context of resource allocation. These two patterns of price impact define control mechanism structuring. Price control in sense of its direct impact at process of need satisfaction should comprise qualitative and quantitative level of needs satisfaction at a given price level and its structure, informational dimension of price and different disputable forms of corporate pricing policies. Control of price allocation function is based at objectives of macro marketing system management in the area of resource allocation and the role of price as allocator in contemporary market economies. Control process is founded, on one hand, at theoretical models of correlation between price and demand in different market structures, and on the other hand, at complex limits that price as allocator has, and which make whole control process even more complex because of reduction of the degree of determinism in functioning of contemporary economic systems. Control of price allocation function must be continuous and dynamic process if it is to provide for convergence with environmental changes and if it is to provide for placing control systems at micro marketing levels in the function of socially valid objectives.

  16. Regulation of Pharmaceutical Prices

    DEFF Research Database (Denmark)

    Kaiser, Ulrich; Mendez, Susan J.; Rønde, Thomas

    the joint eects of this reform on prices and quantities. Prices decreased more than 26 percent due to the reform, which reduced patient and government expenditures by 3.0 percent and 5.6 percent, respectively, and producer revenues by 5.0 percent. The prices of expensive products decreased more than...

  17. Valuation Struggles over Pricing

    DEFF Research Database (Denmark)

    Pallesen, Trine

    2016-01-01

    public goods into play, all the while prompting a translation of these values into a single price. Following the struggles over the pricing of wind power in the early 2000s, the study illustrates that rather than a pollution of the market sphere by that of politics, a politics of pricing can be observed...

  18. Deal with price raise

    Institute of Scientific and Technical Information of China (English)

    2004-01-01

    The price raise in natural resources is inevitable. At present, building ceramic industry is facing the pressure brought by price raise in raw material. Marketing directors still hesitate whether the price of ceramic tiles should be raised. The crisis brought by social environment made the employees care-laden.

  19. China Adjusts Natural Gas Price for Better Allocation of Resources

    Institute of Scientific and Technical Information of China (English)

    Luo Shichao

    2010-01-01

    @@ China has recently increased the wholesale prices of natural gas by around 25 percent to curb demand and better allocate resources.Natural gas benchmark prices went up by 230 yuan to 1,155 yuan per thousand cubic meters,according to the announcement made by the National Development and Reform Commission(NDRC)at the end of May."It is necessary to make the adjustment,as the country's natural gas price is significantly lower than that of other fuels,"said Cap Changqing,head of NDRC's pricing department.

  20. Clean fuel for demanding environmental markets

    Energy Technology Data Exchange (ETDEWEB)

    Josewicz, W.; Natschke, D.E. [Acurex Environmental Corp., Research Triangle Park, NC (United States)

    1995-12-31

    Acurex Environmental Corporation is bringing Clean Fuel to the environmentally demand Krakow market, through the cooperative agreement with the U.S. Department of Energy. Clean fuel is a proprietary clean burning coal-based energy source intended for use in stoves and hand stoked boilers. Clean Fuel is a home heating fuel that is similar in form and function to raw coal, but is more environmentally friendly and lower in cost. The heating value of Clean Fuel is 24,45 kJ/kg. Extensive sets of confirmation runs were conducted in the Academy of Mining and Metallurgy in the Krakow laboratories. It demonstrated up to 54 percent reduction of particulate matter emission, up to 35 percent reduction of total hydrocarbon emissions. Most importantly, polycyclic aromatic hydrocarbons (toxic and carcinogens compounds) emissions were reduced by up to 85 percent, depending on species measured. The above comparison was made against premium chunk coal that is currently available in Krakow for approximately $83 to 93/ton. Clean Fuel will be made available in Krakow at a price approximately 10 percent lower than that of the premium chunk coal.

  1. Internet resource pricing models

    CERN Document Server

    Xu, Ke; He, Huan

    2013-01-01

    This brief guides the reader through three basic Internet resource pricing models using an Internet cost analysis. Addressing the evolution of service types, it presents several corresponding mechanisms which can ensure pricing implementation and resource allocation. The authors discuss utility optimization of network pricing methods in economics and underline two classes of pricing methods including system optimization and entities' strategic optimization. The brief closes with two examples of the newly proposed pricing strategy helping to solve the profit distribution problem brought by P2P

  2. Value-based pricing

    Directory of Open Access Journals (Sweden)

    Netseva-Porcheva Tatyana

    2010-01-01

    Full Text Available The main aim of the paper is to present the value-based pricing. Therefore, the comparison between two approaches of pricing is made - cost-based pricing and value-based pricing. The 'Price sensitively meter' is presented. The other topic of the paper is the perceived value - meaning of the perceived value, the components of perceived value, the determination of perceived value and the increasing of perceived value. In addition, the best company strategies in matrix 'value-cost' are outlined. .

  3. Simultaneous visualization of oxygen partial pressure, current density, and water droplets in serpentine fuel cell during power generation for understanding reaction distributions

    Science.gov (United States)

    Takanohashi, Kazuhiro; Suga, Takeo; Uchida, Makoto; Ueda, Toshihide; Nagumo, Yuzo; Inukai, Junji; Nishide, Hiroyuki; Watanabe, Masahiro

    2017-03-01

    Understanding the reaction distributions inside a polymer electrolyte fuel cell (PEFC) is essential for the higher performance and durability. We have developed a new see-through cell and visualized the distributions of oxygen partial pressure and current density inside a running PEFC at the temperature of 40 and 80 °C and the relative humidity of 53%. The oxygen utilization was changed from 0% to 80% by changing the current density. At higher oxygen utilizations, the current density was higher and therefore the water generation. Generated water droplets in the flow channel were also visualized, allowing for the simultaneous visualization of the distribution of the oxygen partial pressure, current density, and water droplets. By combining the observations of all three parameters, the reactions inside a membrane-electrode assembly were discussed.

  4. Petroleum Prices, Taxation and Subsidies in India

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2009-07-01

    The current Indian system of effectively subsidised petroleum product prices has significant implications for the emergence of India as a major global energy consumer, for the integrity of India's Central Government budget and for investment in India's growing oil and petroleum sector. This paper is part one of a broader study that looks at the current system of petroleum pricing and the macroeconomic, microeconomic, regional and global effects of this system.

  5. Household Fuel Use and Fuel Switching in Guatemala

    OpenAIRE

    World Bank

    2003-01-01

    Household fuel choice in the past, has often been analyzed and understood through the lens of the energy ladder model. This model places relatively heavy emphasis on household fuel switching in response to rising incomes. This report views energy use through a household economics framework. The household economics framework clarifies that, in addition to income and market prices, the oppor...

  6. A Price Hedging Model in Dynamic Market

    Directory of Open Access Journals (Sweden)

    Kuo-Wei Lin

    2012-01-01

    Full Text Available Problem statement: Pricing is a problem when a firm has to set a price for the first time. This happens when the firm develops or acquires a new product, introduces its regular product into a new distribution or geographical area, or enters bids on the new contract work. Many companies try to set the price to maximize current profits. They estimate the demand and costs associated with alternative prices and choose the price that maximizes current profit, cash flow, or rate of return on investment. There are, however, some problems associated with the current profit maximizing approach as it assumes that the firm knows its demand and cost functions; in reality, demand is difficult to estimate and is unpredictable. Approach: Due to demand’s unpredictability, we assume that it follows a lognormal random walk. Based on this, we develop a mathematical pricing processes model by stochastic calculus, which is similar to the financial process mathematical model. From Ito’s lemma, a product’s profit correlates with demand, is also unpredictable and follows a random walk. Such random behavior is the marketing risk. Results: By choosing a price strategy to eliminate randomness, called price hedging, we obtain risk-free profit determined by the Black-Scholes equation. This riskless profit, which is predictable, is the same we would get by putting the equivalent amount of cash in a risk-free interest-bearing account. Conclusion: From price hedging and the Black-Scholes equation, we determine the basic product price, which changes with time and demand.

  7. Calculating proper transfer prices

    Energy Technology Data Exchange (ETDEWEB)

    Dorkey, F.C. (Meliora Research Associates, Rochester, NY (United States)); Jarrell, G.A. (Univ. of Rochester, NY (United States))

    1991-01-01

    This article deals with developing a proper transfer pricing method. Decentralization is as American as baseball. While managers laud the widespread benefits of both decentralization and baseball, they often greet the term transfer price policy with a yawn. Since transfer prices are as critical to the success of decentralized firms as good pitchers are to baseball teams, this is quite a mistake on the part of our managers. A transfer price is the price charged to one division for a product or service that another division produced or provided. In many, perhaps most, decentralized organizations, the transfer pricing policies actually used are grossly inefficient and sacrifice the potential advantages of decentralization. Experience shows that far too many companies have transfer pricing policies that cost them significantly in foregone growth and profits.

  8. Price learning during grocery shopping

    DEFF Research Database (Denmark)

    Jensen, Birger Boutrup

    of what consumers learn about prices during grocery shopping. Three measures of price knowledge corresponding to different levels of price information processing were applied. Results indicate that price learning does take place and that episodic price knowledge after store exit is far more widespread...... than expected. Consequently, a new view of how consumer price knowledge evolves during grocery shopping is presented....

  9. Current Status of Japanese Research and Development Activity and Program Plan on Failed Fuel Detection and Location Systems for LMFBR

    OpenAIRE

    1981-01-01

    Progress of research and development on failed fuel detection and location (FFDL) implemented since 1968 in Japan is summarized and reviewed from the viewpoint of availability to reflect to the design and operation of JOYO and MONJU. These include basic experiments of fission product behavior, component development and testing, feasibility study of detection system response, and comparison of several kinds of location methods. The discussion will extend to the role of FFDL in the other survei...

  10. Introducing of Green Pricing in the Korean Electricity Sector

    Energy Technology Data Exchange (ETDEWEB)

    Boo, K.J. [Korea Energy Economics Institute, Euiwang (Korea)

    2001-11-01

    In recent years, the Korean electricity sector has been undergoing restructuring, represented by de-regulation and promotion of competition. Competition will, eventually, force electricity power producers to overly rely on cheap fuels such as coal and nuclear in order to reduce the cost of power generation, which is against the international Green Round, including the UNFCCC. Accordingly, some measures are needed not to let such an market failure discourage the efforts to protect the environment. Up to date, a number of policy measures have been worked out by the Korean government to promote the use of renewable energy in power generation. Such efforts, however, have not been quite successful. Innovative policy tools are called for to promote renewable energy-base power generation in the emerging competitive electricity market. Among various approaches that have been tried and worked out in the developed countries to adequately address this problem, a most popular approach is green pricing. Green pricing is to let the customers pay for the additional cost incurred from installing renewable energy-based generating facilities, consequently making it viable and promoting an increased use of renewables in the power generation. Accordingly, a market research to investigate the willingness to pay for this premium was conducted as a prerequisite to design a green pricing. The major findings of this market research are: First, while limited to the industrial and buildings sectors, awareness of environmental and green pricing is not so disappointing as compared with those in the develop countries(41.3%). Second, companies have not yet fully developed the concept of green pricing and are mainly motivated to purchase green power in the perspective of a great cause rather than in pursuit of direct and indirect economic benefits. Third, regarding fuel choice for power generation, respondents express a strong opposition to nuclear, coal, and oil, while they are more favorable to

  11. Natural gas pricing: concepts and international overview

    Energy Technology Data Exchange (ETDEWEB)

    Gorodicht, Daniel Monnerat [Gas Energy, Rio de Janeiro, RJ (Brazil); Veloso, Luciano de Gusmao; Fidelis, Marco Antonio Barbosa; Mathias, Melissa Cristina Pinto Pires [Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis (ANP), Rio de Janeiro, RJ (Brazil)

    2012-07-01

    The core of this article is a critical analysis of different forms of pricing of natural gas existing in the world today. This paper is to describe the various scenarios of natural gas price formation models. Along the paper, the context is emphasized by considering their cases of applications and their results. Today, basically, there are three main groups of models for natural gas pricing: i) competition gas-on-gas, i.e., a liberalized natural gas market, II) gas indexed to oil prices or its products and III) bilateral monopolies and regulated prices. All the three groups of models have relevant application worldwide. Moreover, those are under dynamic influence of economic, technological and sociopolitical factors which bring complexity to the many existing scenarios. However, at first this paper builds a critical analysis of the international current situation of natural gas today and its economic relevance. (author)

  12. State energy price and expenditure report 1989

    Energy Technology Data Exchange (ETDEWEB)

    1991-09-30

    The State Energy Price and Expenditure Report (SEPER) presents energy price and expenditure estimates for the 50 States, the District of Columbia, and the United States. The estimates are provided by energy source (e.g., petroleum, natural gas, coal, and electricity) and by major consuming or economic sector. This report is an update of the State Energy Price and Expenditure Report 1988 published in September 1990. Changes from the last report are summarized in a section of the documentation. Energy price and expenditure estimates are published for the years 1970, 1975, 1980, and 1985 through 1989. Documentation follows the tables and describes how the price estimates are developed, including sources of data, methods of estimation, and conversion factors applied. Consumption estimates used to calculate expenditures, and the documentation for those estimates, are from the State Energy Data Report, Consumption Estimates, 1960--1989 (SEDR), published in May 1991. Expenditures are calculated by multiplying the price estimates by the consumption estimates, adjusted to remove process fuel and intermediate product consumption. All expenditures are consumer expenditures, that is, they represent estimates of money directly spent by consumers to purchase energy, generally including taxes. 11 figs., 43 tabs.

  13. National Fuel Cell Technology Evaluation Center (NFCTEC); (NREL) National Renewable Energy Laboratory

    Energy Technology Data Exchange (ETDEWEB)

    Kurtz, Jennifer; Sprik, Sam

    2014-03-11

    This presentation gives an overview of the National Fuel Cell Technology Evaluation Center (NFCTEC), describes how NFCTEC benefits the hydrogen and fuel cell community, and introduces a new fuel cell cost/price aggregation project.

  14. Price strategy and pricing strategy: terms and content identification

    Directory of Open Access Journals (Sweden)

    Panasenko Tetyana

    2015-11-01

    Full Text Available The article is devoted to the terminology and content identification of seemingly identical concepts "price strategy" and "pricing strategy". The article contains evidence that the price strategy determines the direction, principles and procedure of implementing the company price policy and pricing strategy creates a set of rules and practical methods of price formation in accordance with the pricing strategy of the company.

  15. Winter fuels report

    Energy Technology Data Exchange (ETDEWEB)

    1995-02-17

    The Winter Fuels Report is intended to provide consise, timely information to the industry, the press, policymakers, consumers, analysts, and State and local governments on the following topics: Distillate fuel oil net production, imports and stocks on a US level and for all Petroleum Administration for Defense Districts (PADD) and product supplied on a US level; Natural gas supply and disposition and underground storage for the US and consumption for all PADD`s as well as selected National average prices; Residential and wholesale pricing data for heating oil and propane for those States participating in the joint Energy Information Administration (EIA)/State Heating Oil and Propane Program; Crude oil and petroleum price comparisons for the US and selected cities; and A 6-10 Day and 30-Day outlook for temperature and precipitation and US total heating degree days by city.

  16. Comparison of AEO 2010 Natural Gas Price Forecast to NYMEX Futures Prices

    Energy Technology Data Exchange (ETDEWEB)

    Bolinger, Mark A.; Wiser, Ryan H.

    2010-01-04

    On December 14, 2009, the reference-case projections from Annual Energy Outlook 2010 were posted on the Energy Information Administration's (EIA) web site. We at LBNL have, in the past, compared the EIA's reference-case long-term natural gas price forecasts from the AEO series to contemporaneous natural gas prices that can be locked in through the forward market, with the goal of better understanding fuel price risk and the role that renewables can play in itigating such risk. As such, we were curious to see how the latest AEO reference-case gas price forecast compares to the NYMEX natural gas futures strip. This brief memo presents our findings.

  17. Role of metal/silicon semiconductor contact engineering for enhanced output current in micro-sized microbial fuel cells

    KAUST Repository

    Mink, Justine E.

    2013-11-25

    We show that contact engineering plays an important role to extract the maximum performance from energy harvesters like microbial fuel cells (MFCs). We experimented with Schottky and Ohmic methods of fabricating contact areas on silicon in an MFC contact material study. We utilized the industry standard contact material, aluminum, as well as a metal, whose silicide has recently been recognized for its improved performance in smallest scale integration requirements, cobalt. Our study shows that improvements in contact engineering are not only important for device engineering but also for microsystems. © 2014 WILEY-VCH Verlag GmbH & Co. KGaA, Weinheim.

  18. 2010 Fuel Cell Technologies Market Report, June 2011

    Energy Technology Data Exchange (ETDEWEB)

    2011-06-01

    This report summarizes 2010 data on fuel cells, including market penetration and industry trends. It also covers cost, price, and performance trends, along with policy and market drivers and the future outlook for fuel cells.

  19. Target Price Accuracy

    Directory of Open Access Journals (Sweden)

    Alexander G. Kerl

    2011-04-01

    Full Text Available This study analyzes the accuracy of forecasted target prices within analysts’ reports. We compute a measure for target price forecast accuracy that evaluates the ability of analysts to exactly forecast the ex-ante (unknown 12-month stock price. Furthermore, we determine factors that explain this accuracy. Target price accuracy is negatively related to analyst-specific optimism and stock-specific risk (measured by volatility and price-to-book ratio. However, target price accuracy is positively related to the level of detail of each report, company size and the reputation of the investment bank. The potential conflicts of interests between an analyst and a covered company do not bias forecast accuracy.

  20. Optimal Asset Pricing

    Directory of Open Access Journals (Sweden)

    Rolf Turner

    2014-07-01

    Full Text Available We describe an R package for determining the optimal price of an asset which is perishable in a certain sense, given the intensity of customer arrivals and a time-varying price sensitivity function which speci?es the probability that a customer will purchase an asset o?ered at a given price at a given time. The package deals with the case of customers arriving in groups, with a probability distribution for the group size being speci?ed. The methodology and software allow for both discrete and continuous pricing. The class of possible models for price sensitivity functions is very wide, and includes piecewise linear models. A mechanism for constructing piecewise linear price sensitivity functions is provided.

  1. Customizing Prices in Online Markets

    OpenAIRE

    Reinartz, Werner

    2002-01-01

    Dynamic pricing is the dynamic adjustment of prices to consumers depending on the value these customers attribute to a good. Underlying the concept of dynamic pricing is what marketers call price customization. Price customization is the charging of different prices to end consumers based on a discriminatory variable. Internet technology will serve as a great enabling tool for making dynamic pricing accessible to many industries.

  2. 48 CFR 1652.215-70 - Rate Reduction for Defective Pricing or Defective Cost or Pricing Data.

    Science.gov (United States)

    2010-10-01

    ... that were not complete, accurate, or current as certified in the Certificate of Accurate Cost or... accurate, complete, and current cost or pricing data had been submitted or maintained and identified. (ii... submit or keep in its files a Certificate of Current Cost or Pricing Data. (2)(i) Except as prohibited...

  3. Stackelberg Network Pricing Games

    CERN Document Server

    Briest, Patrick; Krysta, Piotr

    2008-01-01

    We study a multi-player one-round game termed Stackelberg Network Pricing Game, in which a leader can set prices for a subset of $m$ priceable edges in a graph. The other edges have a fixed cost. Based on the leader's decision one or more followers optimize a polynomial-time solvable combinatorial minimization problem and choose a minimum cost solution satisfying their requirements based on the fixed costs and the leader's prices. The leader receives as revenue the total amount of prices paid by the followers for priceable edges in their solutions, and the problem is to find revenue maximizing prices. Our model extends several known pricing problems, including single-minded and unit-demand pricing, as well as Stackelberg pricing for certain follower problems like shortest path or minimum spanning tree. Our first main result is a tight analysis of a single-price algorithm for the single follower game, which provides a $(1+\\epsilon) \\log m$-approximation for any $\\epsilon >0$. This can be extended to provide a ...

  4. Rating hydrogen as a potential aviation fuel

    Science.gov (United States)

    Witcofski, R. D.

    1980-01-01

    The viability of liquid hydrogen, liquid methane, and synthetic aviation kerosene as future alternate fuels for transport aircraft is analyzed, and the results of a comparative assessment are given in terms of cost, energy resource utilization, areas of fuel production, transmission airport facilities, and ultimate use in the aircraft. Important safety (fires) and some environmental aspects (CO2 balance) are also described. It is concluded that fuel price estimates indicate the price of synthetic aviation kerosene (synjet) would be approximately half of the price calculated for liquid hydrogen and somewhat less than that of liquid methane, with synjet from oil shale reported to be the least expensive.

  5. Winters fuels report

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1995-10-27

    The outlook for distillate fuel oil this winter is for increased demand and a return to normal inventory patterns, assuming a resumption of normal, cooler weather than last winter. With industrial production expected to grow slightly from last winter`s pace, overall consumption is projected to increase 3 percent from last winter, to 3.4 million barrels per day during the heating season (October 1, 1995-March 31, 1996). Much of the supply win come from stock drawdowns and refinery production. Estimates for the winter are from the Energy Information Administration`s (EIA) 4th Quarter 1995 Short-Tenn Energy Outlook (STEO) Mid-World Oil Price Case forecast. Inventories in place on September 30, 1995, of 132 million barrels were 9 percent below the unusually high year-earlier level. Inventories of high-sulfur distillate fuel oil, the principal type used for heating, were 13 percent lower than a year earlier. Supply problems are not anticipated because refinery production and the ready availability of imports should be adequate to meet demand. Residential heating off prices are expected to be somewhat higher than last winter`s, as the effects of lower crude oil prices are offset by lower distillate inventories. Heating oil is forecast to average $0.92 per gallon, the highest price since the winter of 1992-93. Diesel fuel (including tax) is predicted to be slightly higher than last year at $1.13 per gallon. This article focuses on the winter assessment for distillate fuel oil, how well last year`s STEO winter outlook compared to actual events, and expectations for the coming winter. Additional analyses include regional low-sulfur and high-sulfur distillate supply, demand, and prices, and recent trends in distillate fuel oil inventories.

  6. Relating price strategies and price-setting practices

    NARCIS (Netherlands)

    Ingenbleek, P.T.M.; Lans, van der I.A.

    2013-01-01

    Purpose - This article addresses the relationship between price strategies and price-setting practices. The first derive from a normative tradition in the pricing literature and the latter from a descriptive tradition. Price strategies are visible in the market, whereas price-setting practices are h

  7. ANALYSIS OF EXTERNAL FACTORS AFFECTING THE PRICING

    Directory of Open Access Journals (Sweden)

    Irina A. Kiseleva

    2013-01-01

    Full Text Available The external factors influencing the process of formation of tariffs of commercial services are considered in the article. External environment is known to be very diverse and changeable. Currently, pricing has become one of the key processes of strategic development of a company. Pricing in the service sector, in turn, is highly susceptible to changes in the external environment. Its components directly or indirectly affect the market of services, changing it adopted economic processes. As a rule, firms providing services can’t influence the changes in external factors. However, the service market is very flexible, which enables businesses to reshape pricing strategy, to adapt it to the new environment.

  8. Russian electricity market. Current state and perspectives

    Energy Technology Data Exchange (ETDEWEB)

    Abdurafikov, R.

    2009-06-15

    The Russian electricity market is currently in transition. The restructuring of the sector has been completed and former public vertically integrated monopolies have been unbundled and partly privatised. The government retained control in all the network companies, the system operator, nuclear generation, and hydro generation. The state retains control also via owner-ship in several TGCs and WGCs in the strategic regions of Moscow and Saint-Petersburg via the state owned gas monopoly Gazprom. The liberalization takes place within two price zones, Europe and Siberia, where more than 90%, 913 TWh in 2007, of Russian electricity consumption takes place. In the rest of Russia, e.g. the Far East and isolated areas like Kaliningrad, electricity is supplied at regulated rates. Only a minor part of electricity in the price zones is currently traded at free prices. The share of electricity traded at free market prices will increase according to the liberalization schedule, reaching ca 90%, all except households, by 2011. Wholesale electricity market bids are aggregated in a detailed power system model of the Russian power grid, taking into account the physical locations of the facilities. The resulting 7700+ nodal market prices, scattered across the 7 time zones of the Russian market area, capture costs of congestion and load losses in the grid. The price level of electricity seems to be rather low at a glance - about 21 euro and 15 euro per MWh in Europe and Siberia respectively. On the other hand, wholesale market buyers have to pay for capacity availability, on average around 3000 euro/MW monthly. With greater share of electricity traded at free prices there will be an increased need to hedge price risks. For this reason a financial market is planned. There are also plans for support schemes for renewable generation and to limit environmental pollution as well as ancillary services markets. Some areas do not experience a likewise opening of the competition in Russia, for

  9. Modeling UK Natural Gas Prices when Gas Prices Periodically Decouple from the Oil Price

    OpenAIRE

    2015-01-01

    When natural gas prices are subject to periodic decoupling from oil prices, for instance due to peak-load pricing, conventional linear models of price dynamics such as the Vector Error Correction Model (VECM) can lead to erroneous inferences about cointegration relationships, price adjustments and relative values. We propose the use of regime-switching models to address these issues. Our regime switching model uses price data to infer whether pricing is oil-driven (integrated) or gas-specific...

  10. Airport Pricing Strategies

    Science.gov (United States)

    Pels, Eric; Verhoef, Erik T.

    2003-01-01

    Conventional economic wisdom suggests that congestion pricing would be an appropriate response to cope with the growing congestion levels currently experienced at many airports. Several characteristics of aviation markets, however, may make naive congestion prices equal to the value of marginal travel delays a non-optimal response. This paper has developed a model of airport pricing that captures a number of these features. The model in particular reflects that airlines typically have market power and are engaged in oligopolistic competition at different sub-markets; that part of external travel delays that aircraft impose are internal to an operator and hence should not be accounted for in congestion tolls. We presented an analytical treatment for a simple bi-nodal symmetric network, which through the use of 'hyper-networks' would be readily applicable to dynamic problems (in discrete time) such as peak - off-peak differences, and some numerical exercises for the same symmetric network, which was only designed to illustrate the possible comparative static impacts of tolling, in addition to marginal equilibrium conditions as could be derived for the general model specification. Some main conclusions are that second-best optimal tolls are typically lower than what would be suggested by congestion costs alone and may even be negative, and that the toll as derived by Brueckner (2002) may not lead to an increase in total welfare. While Brueckner (2002) has made clear that congestion tolls on airports may be smaller than expected when congestion costs among aircraft are internal for a firm, our analysis adds to this that a further downward adjustment may be in order due to market power. The presence of market power (which causes prices to exceed marginal costs) may cause the pure congestion toll to be suboptimal, because the resulting decrease in demand is too high (the pure congestion tall does not take into account the decrease in consumer surplus). The various

  11. Price learning during grocery shopping

    DEFF Research Database (Denmark)

    Jensen, Birger Boutrup

    Many attempts have been made to measure consumers' price knowledge for groceries. However, the results have varied considerably and conflict with results of reference price research. This is the first study to examine price knowledge before, during, and after store visit, thus enabling a study...... of what consumers learn about prices during grocery shopping. Three measures of price knowledge corresponding to different levels of price information processing were applied. Results indicate that price learning does take place and that episodic price knowledge after store exit is far more widespread...... than expected. Consequently, a new view of how consumer price knowledge evolves during grocery shopping is presented....

  12. Analysis of equilibrium and kinetic models of internal reforming on solid oxide fuel cell anodes: Effect on voltage, current and temperature distribution

    Science.gov (United States)

    Ahmed, Khaliq; Fӧger, Karl

    2017-03-01

    The SOFC is well-established as a high-efficiency energy conversion technology with demonstrations of micro-CHP systems delivering 60% net electrical efficiency [1]. However, there are key challenges in the path to commercialization. Foremost among them is stack durability. Operating at high temperatures, the SOFC invariably suffers from thermally induced material degradation. This is compounded by thermal stresses within the SOFC stack which are generated from a number of interacting factors. Modelling is used as a tool for predicting undesirable temperature and current density gradients. For an internal reforming SOFC, fidelity of the model is strongly linked to the representation of the fuel reforming reactions, which dictate species concentrations and net heat release. It is critical for simulation of these profiles that the set of reaction rate expressions applicable for the particular anode catalyst are chosen in the model. A relatively wide spectrum of kinetic correlations has been reported in the literature. This work presents a comparative analysis of the internal distribution of temperature, current, voltage and compositions on a SOFC anode, using various combinations of reaction kinetics and equilibrium expressions for the reactions. The results highlight the significance of the fuel reforming chemistry and kinetics in the prediction of cell performance.

  13. Downside Risk And Empirical Asset Pricing

    OpenAIRE

    Vliet, Pim

    2004-01-01

    textabstractCurrently, the Nobel prize winning Capital Asset Pricing Model (CAPM) celebrates its 40th birthday. Although widely applied in financial management, this model does not fully capture the empirical riskreturn relation of stocks; witness the beta, size, value and momentum effects. These problems may be caused by the use of variance as the relevant risk measure. This study analyzes if asset pricing models that use alternative risk measures better describe the empirical riskreturn tra...

  14. How Medicare could get better prices on prescription drugs.

    Science.gov (United States)

    Outterson, Kevin; Kesselheim, Aaron S

    2009-01-01

    Congress may reform drug pricing policies under Medicare Part D as part of a larger health reform effort. Currently, the "noninterference" provision prevents the government from negotiating drug prices on behalf of Medicare Part D prescription drug plans. Commonly considered reform proposals borrow ideas from Medicaid, either through returning dual eligibles to Medicaid drug pricing or by imposing mandatory rebates across the Part D population. We examine a menu of other options, including value-based pricing; expansion of generic and therapeutically equivalent substitution; increased formulary diversity; importation; and limited antitrust waivers. These latter options may reduce federal spending without direct government price negotiations.

  15. Price Discrimination in Academic Journals.

    Science.gov (United States)

    Joyce, Patrick; Merz, Thomas E.

    1985-01-01

    Analysis of price discrimination (charging different prices to different customers for same product) for 89 academic journals in 6 disciplines reveals: incidence of price discrimination rose between 1974 and 1984, increase in mean institutional (library) subscription price exceeded increase in mean individual subscription price. Journal list…

  16. The Case for Natural Gas Fueled Solid Oxide Fuel Cell Power Systems for Distributed Generation

    Energy Technology Data Exchange (ETDEWEB)

    Chick, Lawrence A.; Weimar, Mark R.; Whyatt, Greg A.; Powell, Michael R.

    2015-02-01

    Natural-gas-fueled solid oxide fuel cell (NGSOFC) power systems yield electrical conversion efficiencies exceeding 60% and may become a viable alternative for distributed generation (DG) if stack life and manufacturing economies of scale can be realized. Currently, stacks last approximately 2 years and few systems are produced each year because of the relatively high cost of electricity from the systems. If mass manufacturing (10,000 units per year) and a stack life of 15 years can be reached, the cost of electricity from an NGSOFC system is estimated to be about 7.7 ¢/kWh, well within the price of commercial and residential retail prices at the national level (9.9-10¢/kWh and 11-12 ¢/kWh, respectively). With an additional 5 ¢/kWh in estimated additional benefits from DG, NGSOFC could be well positioned to replace the forecasted 59-77 gigawatts of capacity loss resulting from coal plant closures due to stricter emissions regulations and low natural gas prices.

  17. Economics of sunflower oil as an extender or substitute for diesel fuel

    Energy Technology Data Exchange (ETDEWEB)

    Helgeson, D.L.; Schaffner, L.W.

    1982-05-01

    The economics of sunflower oil as an extender or substitute for diesel fuel in US agriculture, with particular emphasis on North Dakota, is examined. A study of the spot market prices indicates that crude sunflower oil has moved closer competitively with bulk diesel prices. On the question of energy efficiency, it is estimated, that using current production and processing estimates, there is a positive net energy ratio of 5.78 to 1. Processing can take place at the commercial leveL, in intermediate sized plants or on-farm. Costs were analyzed for three sizes of farm presses. (Refs. 6).

  18. Oil prices and the stock prices of alternative energy companies

    Energy Technology Data Exchange (ETDEWEB)

    Henriques, Irene; Sadorsky, Perry [Schulich School of Business, 4700 Keele Street, Toronto, Ontario (Canada)

    2008-05-15

    Energy security issues coupled with increased concern over the natural environment are driving factors behind oil price movements. While it is widely accepted that rising oil prices are good for the financial performance of alternative energy companies, there has been relatively little statistical work done to measure just how sensitive the financial performance of alternative energy companies are to changes in oil prices. In this paper, a four variable vector autoregression model is developed and estimated in order to investigate the empirical relationship between alternative energy stock prices, technology stock prices, oil prices, and interest rates. Our results show technology stock prices and oil prices each individually Granger cause the stock prices of alternative energy companies. Simulation results show that a shock to technology stock prices has a larger impact on alternative energy stock prices than does a shock to oil prices. These results should be of use to investors, managers and policy makers. (author)

  19. House Prices and Taxes

    DEFF Research Database (Denmark)

    Gjedsted Nielsen, Mads

    This paper is the first to consider a large scale natural experiment to estimate the effect of taxes on house prices. We find that a 1 percentage-point increase in income tax rates lead to a drop in house prices of at most 2.2%. This corresponds to a tax capitalization for the average household o...

  20. Manufacturer's Suggested Retail Prices

    NARCIS (Netherlands)

    Rosenkranz, S.

    2003-01-01

    Based on arguments of the `reference- dependent' theory of consumer choice we assume that a retailer's discount of a manufacturer's suggested retail price changes consumers' demand. We can show that the producer benefits from suggesting a retail price. If consumers are additionally sufficiently `los

  1. Poverty and price transmission

    DEFF Research Database (Denmark)

    Elleby, Christian

    A key parameter determining the welfare impact from a world market shock is the transmission elasticity which measures the average domestic response to an international price change. Many studies have estimated price transmission elasticities for a large number of countries but the variation in t...

  2. Natural Gas Price Rises

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    @@ As was projected in the third-quarter monetary policy implementation report published by the People's Bank of China on November 15th, 2006, the residents' consumption price index in China would reach 1.5% in 2006. Prices of consumer commodities such as water, power and natural gas would rise and the pressure of inflation would persist in the future.

  3. Cotton Pricing Discussion

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    @@ Cotton prices have received a lot of attention recently.Cotton Incorporated especically designed this Special Edition of Supply Chain Insights to frame the discussion concerning prices throughout the cotton supply chain in terms of the cyclical events that contributed to recent volatility and how a return to long-term averages over time can be expected.

  4. Essays on asset pricing

    NARCIS (Netherlands)

    Nazliben, Kamil

    2015-01-01

    The dissertation consists of three chapters that represent separate papers in the area of asset pricing. The first chapter studies investors optimal asset allocation problem in which mean reversion in stock prices is captured by explicitly modeling transitory and permanent shocks. The second chapter

  5. Price Formation by Bargaining and Posted Prices

    NARCIS (Netherlands)

    Kultti, K.K.

    1997-01-01

    We study markets with two types of agents. Sellers have an indivisible good for sale, and their reservation value is zero. Buyers are randomly matched with sellers, and they value the good at unity. Sellers may be matched with any positive number of buyers, and they may choose to determine the price

  6. INTERACTION OF AIR TRANSPORTATION AND FUEL-SUPPLY COMPANIES

    Directory of Open Access Journals (Sweden)

    I. P. Zheleznaya

    2014-01-01

    Full Text Available The article describes the role of aviation fuel in the life of air transport. Fueling industry worldwide solves two main tasks - ensuring the safety and economy of air traffic. In Russia, there is one more task of airlines fuel supply. The article deals with fuel pricing taking into consideration today's realities.

  7. State prescription drug price Web sites: how useful to consumers?

    Science.gov (United States)

    Tu, Ha T; Corey, Catherine G

    2008-02-01

    To aid consumers in comparing prescription drug costs, many states have launched Web sites to publish drug prices offered by local retail pharmacies. The current push to make retail pharmacy prices accessible to consumers is part of a much broader movement to increase price transparency throughout the health-care sector. Efforts to encourage price-based shopping for hospital and physician services have encountered widespread concerns, both on grounds that prices for complex services are difficult to measure and compare accurately and that quality varies substantially across providers. Experts agree, however, that prescription drugs are much easier to shop for than other, more complex health services. However, extensive gaps in available price information--the result of relying on Medicaid data--seriously hamper the effectiveness of state drug price-comparison Web sites, according to a new study by the Center for Studying Health System Change (HSC). An alternative approach--requiring pharmacies to submit price lists to the states--would improve the usefulness of price information, but pharmacies typically oppose such a mandate. Another limitation of most state Web sites is that price information is restricted to local pharmacies, when online pharmacies, both U.S. and foreign, often sell prescription drugs at substantially lower prices. To further enhance consumer shopping tools, states might consider expanding the types of information provided, including online pharmacy comparison tools, lists of deeply discounted generic drugs offered by discount retailers, and lists of local pharmacies offering price matches.

  8. ALTERNATE PRICING STRATEGIES IN CONSTRUCTION

    Directory of Open Access Journals (Sweden)

    Krishna Mochtar

    2000-01-01

    Full Text Available Recent research findings on pricing strategies both in general and in construction are reviewed and explored. First%2C pricing strategy in general%2C mostly in the manufacturing industry%2C is reviewed. It includes the concepts of pricing strategy%2C predatory pricing%2C price wars%2C and price policy development. Second%2C pricing strategy in construction is explored. It includes various pricing models for bid price determination%2C such as the Friedman-Gates models%2C expected utility models%2C risk-pricing model%2C and the crew-day%2C multiple regression%2C and fuzzy-set pricing models. In conclusion%2C pricing strategies in construction are still predominantly based on a cost-based approach. More recent models try to close the gap between the models and the real life conditions of a bidder%5C%27s decision-making process. It appears that there are more problems in cost-based pricing as opposed to market-based pricing. Consequently%2C it is highly recommended that%2C alternative pricing approach such as that are closer to the proposed market-based pricing model need to be explored and developed for use in the construction industry. Abstract in Bahasa Indonesia : Pricing+strategy%2C+cost-based+pricing%2C+market-based+pricing.

  9. 7 CFR 1030.50 - Class prices, component prices, and advanced pricing factors.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 9 2010-01-01 2009-01-01 true Class prices, component prices, and advanced pricing factors. 1030.50 Section 1030.50 Agriculture Regulations of the Department of Agriculture (Continued... prices, and advanced pricing factors. See § 1000.50....

  10. Metal prices in the United States through 2010

    Science.gov (United States)

    ,

    2013-01-01

    This report, which updates and revises the U.S. Geological Survey (USGS) (1999) publication, “Metal Prices in the United States Through 1998,” presents an extended price history for a wide range of metals available in a single document. Such information can be useful for the analysis of mineral commodity issues, as well as for other purposes. The chapter for each mineral commodity includes a graph of annual current and constant dollar prices for 1970 through 2010, where available; a list of significant events that affected prices; a brief discussion of the metal and its history; and one or more tables that list current dollar prices. In some cases, the metal prices presented herein are for some alternative form of an element or, instead of a price, a value, such as the value for an import as appraised by the U.S. Customs Service. Also included are the prices for steel, steel scrap, and iron ore—steel because of its importance to the elements used to alloy with it, and steel scrap and iron ore because of their use in steelmaking. A few minor metals, such as calcium, potassium, sodium, strontium, and thorium, for which price histories were insufficient, were excluded. The annual prices given may be averages for the year, yearend prices, or some other price as appropriate for a particular commodity. Certain trade journals have been the source of much of this price information—American Metal Market, ICIS Chemical Business, Engineering and Mining Journal, Industrial Minerals, Metal Bulletin, Mining Journal, Platts Metals Week, Roskill Information Services Ltd. commodity reports, and Ryan’s Notes. Price information also is available in minerals information publications of the USGS (1880–1925, 1996–present) and the U.S. Bureau of Mines (1926–95), such as Mineral Commodity Summaries, Mineral Facts and Problems, Mineral Industry Surveys, and Minerals Yearbook. In addition to prices themselves, these journals and publications contain information relevant to

  11. Incorporating the value of changes in price volatility into cost-benefit analysis-an application to oil prices in the transport sector

    DEFF Research Database (Denmark)

    Jensen, Thomas Christian; Møller, Flemming

    2010-01-01

    in the policy assessment taking into account the most significant correlations between prices of alternative fuels and between fuel prices and consumption in general. In the present paper, a method of valuing changes in price volatility based on portfolio theory is applied to some very simple transport......This paper contains a tentative suggestion of how to take into account the value of changes in price volatility in real world cost-benefit analyses. Price volatility is an important aspect of security of supply which first of all concerns physical availability, but assuming that consumers are risk...... averse, security of supply can also be viewed as a matter of avoiding oscillations in consumption originating from volatile prices of for instance oil. When the government makes transport-related choices on behalf of the consumers, the effect on oscillations in general consumption should be included...

  12. Development of DUPIC fuel cycle technology - Assessment of Wolsong NPP fuel handling system for DUPIC fuel

    Energy Technology Data Exchange (ETDEWEB)

    Na, Bok Gyun; Nam, Gung Ihn [Korea Power Engineering Company, Taejon (Korea)

    2000-04-01

    The DUPIC fuel loading and discharge path of Wolsong NPP is studied assuming that DUPIC fuel is used at Wolsong NPP. Spent DUPIC fuel discharge path is irrelevant, since it uses the same spent fuel discharge path. Number of factors such as safety, economics of design change, radiation exposure to operators, easy of operation and maintenance, etc, are considered in the evaluation of path. A more detailed analysis of cost estimation of the selected path is also carried out. The study shows that DUPIC fuel loading path following through Spent Fuel Storage Bay and Spent Fuel Discharge Port in reverse direction will minimize the design change and additional equipment and radiation exposure to operators. The estimated total cost of using DUPIC fuel in Wolsong NPP based on price index of year 2000 is around 4.5 billion won. 4 refs., 30 figs., 13 tabs. (Author)

  13. Fuel processors for fuel cell APU applications

    Science.gov (United States)

    Aicher, T.; Lenz, B.; Gschnell, F.; Groos, U.; Federici, F.; Caprile, L.; Parodi, L.

    The conversion of liquid hydrocarbons to a hydrogen rich product gas is a central process step in fuel processors for auxiliary power units (APUs) for vehicles of all kinds. The selection of the reforming process depends on the fuel and the type of the fuel cell. For vehicle power trains, liquid hydrocarbons like gasoline, kerosene, and diesel are utilized and, therefore, they will also be the fuel for the respective APU systems. The fuel cells commonly envisioned for mobile APU applications are molten carbonate fuel cells (MCFC), solid oxide fuel cells (SOFC), and proton exchange membrane fuel cells (PEMFC). Since high-temperature fuel cells, e.g. MCFCs or SOFCs, can be supplied with a feed gas that contains carbon monoxide (CO) their fuel processor does not require reactors for CO reduction and removal. For PEMFCs on the other hand, CO concentrations in the feed gas must not exceed 50 ppm, better 20 ppm, which requires additional reactors downstream of the reforming reactor. This paper gives an overview of the current state of the fuel processor development for APU applications and APU system developments. Furthermore, it will present the latest developments at Fraunhofer ISE regarding fuel processors for high-temperature fuel cell APU systems on board of ships and aircrafts.

  14. Anode biofilm transcriptomics reveals outer surface components essential for high density current production in Geobacter sulfurreducens fuel cells.

    Directory of Open Access Journals (Sweden)

    Kelly P Nevin

    Full Text Available The mechanisms by which Geobacter sulfurreducens transfers electrons through relatively thick (>50 microm biofilms to electrodes acting as a sole electron acceptor were investigated. Biofilms of Geobacter sulfurreducens were grown either in flow-through systems with graphite anodes as the electron acceptor or on the same graphite surface, but with fumarate as the sole electron acceptor. Fumarate-grown biofilms were not immediately capable of significant current production, suggesting substantial physiological differences from current-producing biofilms. Microarray analysis revealed 13 genes in current-harvesting biofilms that had significantly higher transcript levels. The greatest increases were for pilA, the gene immediately downstream of pilA, and the genes for two outer c-type membrane cytochromes, OmcB and OmcZ. Down-regulated genes included the genes for the outer-membrane c-type cytochromes, OmcS and OmcT. Results of quantitative RT-PCR of gene transcript levels during biofilm growth were consistent with microarray results. OmcZ and the outer-surface c-type cytochrome, OmcE, were more abundant and OmcS was less abundant in current-harvesting cells. Strains in which pilA, the gene immediately downstream from pilA, omcB, omcS, omcE, or omcZ was deleted demonstrated that only deletion of pilA or omcZ severely inhibited current production and biofilm formation in current-harvesting mode. In contrast, these gene deletions had no impact on biofilm formation on graphite surfaces when fumarate served as the electron acceptor. These results suggest that biofilms grown harvesting current are specifically poised for electron transfer to electrodes and that, in addition to pili, OmcZ is a key component in electron transfer through differentiated G. sulfurreducens biofilms to electrodes.

  15. Enhancement of anodic biofilm formation and current output in microbial fuel cells by composite modification of stainless steel electrodes

    Science.gov (United States)

    Liang, Yuxiang; Feng, Huajun; Shen, Dongsheng; Li, Na; Guo, Kun; Zhou, Yuyang; Xu, Jing; Chen, Wei; Jia, Yufeng; Huang, Bin

    2017-02-01

    In this paper, we first systematically investigate the current output performance of stainless steel electrodes (SS) modified by carbon coating (CC), polyaniline coating (PANI), neutral red grafting (NR), surface hydrophilization (SDBS), and heat treatment (HEAT). The maximum current density of 13.0 A m-2 is obtained on CC electrode (3.0 A m-2 of the untreated anode). Such high performance should be attributed to its large effective surface area, which is 2.3 times that of the unmodified electrode. Compared with SS electrode, about 3-fold increase in current output is achieved with PANI. Functionalization with hydrophilic group and electron medium result in the current output rising to 1.5-2 fold, through enhancing bioadhesive and electron transport rate, respectively. CC modification is the best choice of single modification for SS electrode in this study. However, this modification is not perfect because of its poor hydrophilicity. So CC electrode is modified by SDBS for further enhancing the current output to 16 A m-2. These results could provide guidance for the choice of suitable single modification on SS electrodes and a new method for the perfection of electrode performance through composite modification.

  16. INVESTIGATION OF LAMINAR FLAME SPEED OF ALTERNATIVE LIQUID FUEL BLENDS

    OpenAIRE

    2016-01-01

    The rapid fluctuation in oil prices and increased demand of clean fuels to reduce emissions has forced the researchers to find alternative fuels that can give the same or better overall fuel characteristics. This thesis aims at looking into the prospects of Gas to Liquid (GTL) fuel as an alternative fuel for Internal Combustion Engines (ICEs), by investigating the flame speed of GTL fuel and its 50/50 (by volume) blend with conventional diesel. The tests were conducted in a new...

  17. ASPECTS OF REGIONAL COMPETITIVENESS THROUGH DYNAMIC PRICES OF PETROLEUM PRODUCTS

    Directory of Open Access Journals (Sweden)

    Daniela\tENACHESCU

    2015-06-01

    Full Text Available This paper presents aspects regarding the dynamics of prices of petroleum products: gasoline and diesel in Romania in the period 2003(2007-2014. Both focus on relationship-price raw material and finished product by the impact of market prices. Given that the price of fuel is a key factor in economic development but also in the living of population, this paper has proposed to analyze some aspects of the dynamics of prices of petroleum products in correlation with commodity prices in a competitive market in 2003 -2014. In the analized period, price of oil barrel has a dynamics substantially influenced by the global political turbulences but also by lower oil demand due to consumption reduction, especially lately. Increases and decreases were abrupt and unpredictable in the early years of the first decade of the XXI century. Political crises in the Middle East, the economic crisis started in 2007 and especially the crisis in Ukraine and policies adopted by the EU and the US have led to extremely large fluctuations in oil prices from one period to another . This dynamic will only cover the price of petroleum products namely gazoline and diesel for vehicles.

  18. A Framework for Price Statistics

    OpenAIRE

    Kimberly D. Zieschang

    2000-01-01

    This paper describes the primary framework associating the four principal price indices in the system of economic statistics—the Producer Price Index (PPI), the Consumer Price Index (CPI), and the Export and Import Price Indices (XPI and MPI)—with the macroeconomic value aggregates they decompose into price and volume components. The paper begins by defining the basic algebra of price indices. It then discusses the definition of the value aggregates comprising the goods and services component...

  19. Asset Pricing - A Brief Review

    OpenAIRE

    Li, Minqiang

    2010-01-01

    I first introduce the early-stage and modern classical asset pricing and portfolio theories. These include: the capital asset pricing model (CAPM), the arbitrage pricing theory (APT), the consumption capital asset pricing model (CCAPM), the intertemporal capital asset pricing model (ICAPM), and some other important modern concepts and techniques. Finally, I discuss the most recent development during the last decade and the outlook in the field of asset pricing.

  20. The Impact of Price Disclosure on Dynamic Shopping Decisions

    NARCIS (Netherlands)

    B.G.C. Dellaert (Benedict); V.Y. Golounov (Vladislav); J. Prabhu (Jaideep)

    2005-01-01

    textabstractA potentially powerful way to assist consumers in making dynamic shopping decisions is to disclose price information to them before they shop, for example by posting prices on the Internet. This paper addresses the differential impact of disclosing either only current, or both current

  1. The Impact of Price Disclosure on Dynamic Shopping Decisions

    NARCIS (Netherlands)

    B.G.C. Dellaert (Benedict); V.Y. Golounov (Vladislav); J. Prabhu (Jaideep)

    2005-01-01

    textabstractA potentially powerful way to assist consumers in making dynamic shopping decisions is to disclose price information to them before they shop, for example by posting prices on the Internet. This paper addresses the differential impact of disclosing either only current, or both current an

  2. China's Fuel Oil Output Drops But Import Jumps

    Institute of Scientific and Technical Information of China (English)

    2004-01-01

    @@ Fuel oil is one of the varieties in the oil products highly marketed in China. The price of fuel oil has been entirely deregulated on the basis of marketing since China's Planning Commission released the new oil prizing methods on October 15, 2001, basically linking the domestic price to the international market.

  3. Price regulation in the Spanish energy sectors: who benefits?

    Energy Technology Data Exchange (ETDEWEB)

    Arocena, Pablo; Contin, Ignacio; Huerta, Emilio [Departamento de Gestion de Empresas, Universidad Publica de Navarra, Campus de Arrosadia. 31006, Pamplona (Spain); [Canterbury Business School, University of Kent Canterbury (United Kingdom)

    2002-08-01

    This paper analyses the distribution of benefits between firms and consumers due to the price regulation of the Spanish energy sectors (electricity, oil fuels and gas) during the decade 1987-1997. To that effect, we compare the actual evolution of energy prices with alternate benchmarks in order to assess the potential existence of a pro-industry or a pro-consumer bias in the pricing policies followed by the regulator. Our results show a pro-industry-biased regulatory context, where consumers benefited very little from price control. The successive price adjustments over time allowed the companies to keep all the productivity gains and cost reductions and to increase their profitability rates relative to those achieved in the manufacturing sector. (Author)

  4. Tourism Equilibrium Price Trends

    Directory of Open Access Journals (Sweden)

    Mohammad Mohebi

    2012-01-01

    Full Text Available Problem statement: A review of the tourism history shows that tourism as an industry was virtually unknown in Malaysia until the late 1960s. Since then, it has developed and grown into a major industry, making an important contribution to the country's economy. By allocating substantial funds to the promotion of tourism and the provision of the necessary infrastructure, the government has played an important role in the impressive progress of the Malaysian tourism industry. One of the important factors which can attract tourists to Malaysia is the tourism price. Has the price of tourism decreased? To answer this question, it is necessary to obtain the equilibrium prices as well as the yearly trend for Malaysia during the sample period as it will be useful for analysis of the infrastructure situation of the tourism industry in this country. The purpose of the study is to identify equilibrium tourism price trends in Malaysian tourism market. Approach: We use hotel room as representative of tourism market. Quarterly data from 1995-2009 are used and a dynamic model of simultaneous equation is employed. Results: Based on the result during the period of 1995 until 2000, the growth rate of the equilibrium price was greater than consumer price index and producer price index. Conclusion: In the Malaysian tourism market, new infrastructure during this period had not been developed to keep pace with tourist arrivals.

  5. Pricing of new vaccines.

    Science.gov (United States)

    Lee, Bruce Y; McGlone, Sarah M

    2010-08-01

    New vaccine pricing is a complicated process that could have substantial long-standing scientific, medical, and public health ramifications. Pricing can have a considerable impact on new vaccine adoption and, thereby, either culminate or thwart years of research and development and public health efforts. Typically, pricing strategy consists of the following ten components: 1. Conduct a target population analysis; 2. Map potential competitors and alternatives; 3. Construct a vaccine target product profile (TPP) and compare it to projected or actual TPPs of competing vaccines; 4. Quantify the incremental value of the new vaccine's characteristics; 5. Determine vaccine positioning in the marketplace; 6. Estimate the vaccine price-demand curve; 7. Calculate vaccine costs (including those of manufacturing, distribution, and research and development); 8. Account for various legal, regulatory, third party payer, and competitor factors; 9. Consider the overall product portfolio; 10. Set pricing objectives; 11. Select pricing and pricing structure. While the biomedical literature contains some studies that have addressed these components, there is still considerable room for more extensive evaluation of this important area.

  6. Renewable Fuels for Cross Border Transportation

    OpenAIRE

    Mehlin, Markus; Zauner, Martin; Reichmuth, Matthias; Nill, Moritz; Wacker, Manfred; Galster, Manuel

    2003-01-01

    The use of renewable energy has increased slowly in most sectors and the transport sector is predominantly depending on traditional fossil fuels notably petrol and diesel. This has created a difficult situation concerning the fuel supply and fuel prices as well as an increase of emissions of climate gasses. A number of local and regional projects have been carried out and are still ongoing regarding the use of renewable fuels in the transport sector. Most of those covers captive fleets of bus...

  7. Fuel oil and LPG; Fioul et GPL

    Energy Technology Data Exchange (ETDEWEB)

    Philippon, A. [UFIP, Union Francaise des Industries Petroliere, 75 - Paris (France)

    1997-12-31

    The impacts of new environmental regulations on the heavy fuel oil and refining French markets, are studied. Illustrated with numerous diagrams concerning oil price evolution, fuel price comparison, market shares, consumption data, etc., it is shown that a brutal elimination of high sulfur content oil fuels would cause an extremely negative impact for the refining industry and for the French economy. Sulfur content limits should be kept at their present levels and users should be free to select technical choices in order to keep within these limits, either through fume desulfurization either through fuel-natural gas mixed combustion

  8. PARITY PRICE OF AGRICULTURAL PRODUCTS, ENERGY AND MATERIAL RESOURCES

    Directory of Open Access Journals (Sweden)

    A. Alpatov

    2012-02-01

    Full Text Available The article describes the main approaches to parity of agricultural products to energy and material resources, are the price indices for certain types of energy resources, and presents data on the availability of agricultural machinery in agricultural organizations of the Russian Federation. The dynamics of growth in energy prices in relation to the specific energy consumption per 1 ha of sown area in the agricultural organizations of the Russian Federation, the consumption of resources such as petroleum products, electricity and fuel. In addition, the article shows the average sales price for agricultural products and logistical resources. Shown the equivalence of the exchange of products between agriculture and industry.

  9. Integrity assessment of research reactor fuel cladding and material testing using eddy current inspection; Avaliacao de integridade de revestimentos de combustiveis de reatores de pesquisa e teste de materiais utilizando o ensaio de correntes parasitas

    Energy Technology Data Exchange (ETDEWEB)

    Alencar, Donizete Anderson de

    2004-07-01

    A methodology to perform the integrity assessment of research reactors nuclear fuels cladding, such as those installed in IPR-Rl (TRIGA) and IEA-R1 (MTR), using nondestructive electromagnetic inspection (eddy current) is presented. This methodology is constituted by: the development of calibration reference standards, specific for each type of fuel; the development of special test probes; the recommendations for the inspection equipment calibration; the construction of voltage based evaluation curves and the inspection procedures developed for the characterization of detected flaws. The test probes development, specially those designed for the inspection of MTR fuels cladding, which present access difficulties due to the narrow gap between fuel plates (2,89 mm for IEAR-R1), constituted a challenge that demanded the introduction of unusual materials and constructive techniques. The operational performance of the developed resources, as well as the special operative characteristics of the test probes, such as their immunity to adjacent fuel plates interference and electrical resistivity changes of the fuels meat are experimentally demonstrated. The practical applicability of the developed methodology is verified in non radioactive environment, using a dummy MTR fuel element model, similar to an IEA-R1 reactor fuel element, produced and installed in IPEN, Sao Paulo. The efficacy of the proposed methodology was verified by the achieved results. (author)

  10. Six Sigma pricing.

    Science.gov (United States)

    Sodhi, ManMohan S; Sodhi, Navdeep S

    2005-05-01

    Many companies are now good at managing costs and wringing out manufacturing efficiencies. The TQM movement and the disciplines of Six Sigma have seen to that. But the discipline so often brought to the cost side of the business equation is found far less commonly on the revenue side. The authors describe how a global manufacturer of industrial equipment, which they call Acme Incorporated, recently applied Six Sigma to one major revenue related activity--the price-setting process. It seemed to Acme's executives that pricing closely resembled many manufacturing processes. So, with the help of a Six Sigma black belt from manufacturing, a manager from Acme's pricing division recruited a team to carry out the five Six Sigma steps: Define what constitutes a defect. At Acme, a defect was an item sold at an unauthorized price. Gather data and prepare it for analysis. That involved mapping out the existing pricing-agreement process. Analyze the data. The team identified the ways in which people failed to carry out or assert effective control at each stage. Recommend modifications to the existing process. The team sought to decrease the number of unapproved prices without creating an onerous approval apparatus. Create controls. This step enabled Acme to sustain and extend the improvements in its pricing procedures. As a result of the changes, Acme earned dollar 6 million in additional revenue on one product line alone in the six months following implementation--money that went straight to the bottom line. At the same time, the company removed much of the organizational friction that had long bedeviled its pricing process. Other companies can benefit from Acme's experience as they look for ways to exercise price control without alienating customers.

  11. AN APPROACH ON LINKS BETWEEN TRANSFER PRICING AND TAX HAVENS

    Directory of Open Access Journals (Sweden)

    ANDREEA LAVINIA CAZACU (NEAMŢU

    2015-10-01

    Full Text Available Transfer pricing are the prices at which a company transfers physical goods and intangible property or provides services to affiliated companies. Transfer pricing mechanism is the most frequently used instrument for the transfer of the tax base from countries with high tax to low tax countries. In the context of transfer pricing, all transactions should be made only respecting the principle of market value (Arm’s length principle. Under current conditions, we can say that globalization influences the transfer pricing, because it makes possible to transfer profits from one country to another, by removing state barriers. The expression "transfer pricing" is used as shorthand for multinational corporations to store profits in tax havens and to avoid tax evasion in developed countries. These two terms (transfer pricing and tax havens combined, make the benefits of affiliated groups to grow impressively.

  12. The Influence of Signed Order Volume on Stock Prices

    Science.gov (United States)

    Gerig, Austin; Farmer, Doyne; Lillo, Fabrizio; Mike, Szabolcs

    2007-03-01

    Using data from the London Stock Exchange we investigate the influence of signed transaction order volume on current and future price changes. (Buy orders are given a positive sign, sell orders a negative sign). Empirical studies have shown that transaction order signs display long memory. Because buying tends to move the price up and selling tends to move the price down, this creates a puzzle regarding efficiency -- if transaction order signs are highly predictable, why aren't prices predictable? We show that efficiency is maintained by correlated fluctuations in the response of prices to orders. We also study whether or not this is an important effect causing clustered volatility in price changes, i.e. the tendency of the magnitude of price changes to be temporally correlated.

  13. Making the connection: The relationship between fuel poverty, electricity disconnection, and prepayment metering

    Energy Technology Data Exchange (ETDEWEB)

    O' Sullivan, Kimberley C., E-mail: kimberley.osullivan@otago.ac.n [Department of Public Health, University of Otago, Wellington, PO Box 7343, Wellington 6242 (New Zealand); Howden-Chapman, Philippa L.; Fougere, Geoff [Department of Public Health, University of Otago, Wellington, PO Box 7343, Wellington 6242 (New Zealand)

    2011-02-15

    Fuel poverty, or inability to afford adequate heating for a reasonable outlay of expenditure, is a significant and under-researched problem in New Zealand. The connection between fuel poverty, and electricity disconnection or 'self-disconnection' is analysed for four cities using prepayment metering to pay for electricity. A price comparison analysis on a government-sponsored website showed that prepayment metering was more expensive than other payment options. This website analysis was supplemented by qualitative data from older people with chronic respiratory disease expressing their views about electricity disconnection and prepayment metering. We show that prepayment metering for electricity is more expensive than other payment methods in New Zealand and that older people's insights provide valuable context to these issues. Under the present payment schedule, the use of prepayment metering to pay for electricity is not a suitable policy instrument to address fuel poverty, which remains problematic. The deregulated electricity market continues to lead to increases in the real price of residential electricity and in the number of people in fuel poverty. We offer policy suggestions for reducing fuel poverty in New Zealand. - Research highlights: {yields} Fuel poverty is a significant and under-researched problem in New Zealand. {yields} Prepayment metering is more expensive than other electricity payment options in NZ. {yields} Older people express fear of disconnection and find using prepayment stressful. {yields} Prepayment metering, as currently used in New Zealand, may contribute to fuel poverty. {yields} Better regulation of domestic pricing structures could reduce fuel poverty in NZ.

  14. Poverty and price transmission

    DEFF Research Database (Denmark)

    Elleby, Christian

    A key parameter determining the welfare impact from a world market shock is the transmission elasticity which measures the average domestic response to an international price change. Many studies have estimated price transmission elasticities for a large number of countries but the variation in t...... growth but the relationship is less significant. The finding that food prices in middle-income countries increased the most during the food crises is a cause for concern in light of the fact that the majority of the world's poor today live in middle-income countries....

  15. Pemilihan Model Asset Pricing

    OpenAIRE

    Pasaribu, Rowland Bismark Fernando

    2010-01-01

    The Capital Asset Pricing Model (CAPM) has dominated finance theory for over thirty years; it suggests that the market beta alone is sufficient to explain stock returns. However evidence shows that the cross-section of stock returns cannot be described solely by the one-factor CAPM. Therefore, the idea is to add other factors in order to complete the beta in explaining the price movements in the stock exchange. The Arbitrage Pricing Theory (APT) has been proposed as the first multifactor succ...

  16. Overview of Aviation Fuel Markets for Biofuels Stakeholders

    Energy Technology Data Exchange (ETDEWEB)

    Davidson, C.; Newes, E.; Schwab, A.; Vimmerstedt, L.

    2014-07-01

    This report is for biofuels stakeholders interested the U.S. aviation fuel market. Jet fuel production represents about 10% of U.S. petroleum refinery production. Exxon Mobil, Chevron, and BP top producers, and Texas, Louisiana, and California are top producing states. Distribution of fuel primarily involves transport from the Gulf Coast to other regions. Fuel is transported via pipeline (60%), barges on inland waterways (30%), tanker truck (5%), and rail (5%). Airport fuel supply chain organization and fuel sourcing may involve oil companies, airlines, airline consortia, airport owners and operators, and airport service companies. Most fuel is used for domestic, commercial, civilian flights. Energy efficiency has substantially improved due to aircraft fleet upgrades and advanced flight logistic improvements. Jet fuel prices generally track prices of crude oil and other refined petroleum products, whose prices are more volatile than crude oil price. The single largest expense for airlines is jet fuel, so its prices and persistent price volatility impact industry finances. Airlines use various strategies to manage aviation fuel price uncertainty. The aviation industry has established goals to mitigate its greenhouse gas emissions, and initial estimates of biojet life cycle greenhouse gas emissions exist. Biojet fuels from Fischer-Tropsch and hydroprocessed esters and fatty acids processes have ASTM standards. The commercial aviation industry and the U.S. Department of Defense have used aviation biofuels. Additional research is needed to assess the environmental, economic, and financial potential of biojet to reduce greenhouse gas emissions and mitigate long-term upward price trends, fuel price volatility, or both.

  17. Edgeworth Price Cycles, Cost-based Pricing and Sticky Pricing in Retail Gasoline Markets

    OpenAIRE

    Noel, Michael

    2004-01-01

    This paper examines dynamic pricing behavior in retail gasoline markets for 19 Canadian cities over 574 weeks. I find three distinct retail pricing patterns: 1. cost-based pricing, 2. sticky pricing, and 3. steep, asymmetric retail price cycles that, while seldom documented empirically, resemble those of Maskin & Tirole[1988]. Using a Markov switching regression, I estimate the prevalence of patterns and the structural characteristics of the cycles. Retail price cycles prevail in over 40% of ...

  18. The TE-POT-model. The effects of an incentives policy and low fuel prices on small scale cogeneration potential. Het TE-POT-model. De effecten van stimuleringsbeleid en lagere brandstofprijzen op het kleinschalig WKK-potentieel

    Energy Technology Data Exchange (ETDEWEB)

    Verhagen, L.

    1989-07-01

    In order to be able to estimate the contribution of small scale cogeneration (Total Energy) to the future power generation capacity in the Netherlands, a model has been developed which calculates the potential of small scale cogeneration in different sectors. This model, called TE-POT, has been written in Symphony and uses a methodology similar to that used in large scale cogeneration forecasting. Calculation results are presented for different price scenarios coupled to different types of government energy policies. Calculations have been done for the years 2000 and 2010. It is concluded, on basis of these calculations, that the difference in price between natural gas and electric power, which is decisive for the composition of the public power generation structure, is an important factor for the total operational TE-capacity. 6 refs., 3 apps.

  19. Microbial production of multi-carbon chemicals and fuels from water and carbon dioxide using electric current

    Energy Technology Data Exchange (ETDEWEB)

    Lovley, Derek R; Nevin, Kelly

    2015-11-03

    The invention provides systems and methods for generating organic compounds using carbon dioxide as a source of carbon and electrical current as an energy source. In one embodiment, a reaction cell is provided having a cathode electrode and an anode electrode that are connected to a source of electrical power, and which are separated by a permeable membrane. A biological film is provided on the cathode. The biological film comprises a bacterium that can accept electrons and that can convert carbon dioxide to a carbon-bearing compound and water in a cathode half-reaction. At the anode, water is decomposed to free molecular oxygen and solvated protons in an anode half-reaction. The half-reactions are driven by the application of electrical current from an external source. Compounds that have been produced include acetate, butanol, 2-oxobutyrate, propanol, ethanol, and formate.

  20. Air-cathode preparation with activated carbon as catalyst, PTFE as binder and nickel foam as current collector for microbial fuel cells.

    Science.gov (United States)

    Cheng, Shaoan; Wu, Jiancheng

    2013-08-01

    A cathode is a critical factor that limits the practical application of microbial fuel cells (MFCs) in terms of cost and power generation. To develop a cost-effective cathode, we investigate a cathode preparation technique using nickel foam as a current collector, activated carbon as a catalyst and PTFE as a binder. The effects of the type and loading of conductive carbon, the type and loading of activated carbon, and PTFE loading on cathode performance are systematically studied by linear sweep voltammetry (LSV). The nickel foam cathode MFC produces a power density of 1190±50 mW m(-2), comparable with 1320 mW m(-2) from a typical carbon cloth Pt cathode MFC. However, the cost of a nickel foam activated carbon cathode is 1/30 of that of carbon cloth Pt cathode. The results indicate that a nickel foam cathode could be used in scaling up the MFC system.

  1. Alternative fuels and vehicles choice model

    Energy Technology Data Exchange (ETDEWEB)

    Greene, D.L. [Oak Ridge National Lab., TN (United States). Center for Transportation Analysis

    1994-10-01

    This report describes the theory and implementation of a model of alternative fuel and vehicle choice (AFVC), designed for use with the US Department of Energy`s Alternative Fuels Trade Model (AFTM). The AFTM is a static equilibrium model of the world supply and demand for liquid fuels, encompassing resource production, conversion processes, transportation, and consumption. The AFTM also includes fuel-switching behavior by incorporating multinomial logit-type equations for choice of alternative fuel vehicles and alternative fuels. This allows the model to solve for market shares of vehicles and fuels, as well as for fuel prices and quantities. The AFVC model includes fuel-flexible, bi-fuel, and dedicated fuel vehicles. For multi-fuel vehicles, the choice of fuel is subsumed within the vehicle choice framework, resulting in a nested multinomial logit design. The nesting is shown to be required by the different price elasticities of fuel and vehicle choice. A unique feature of the AFVC is that its parameters are derived directly from the characteristics of alternative fuels and vehicle technologies, together with a few key assumptions about consumer behavior. This not only establishes a direct link between assumptions and model predictions, but facilitates sensitivity testing, as well. The implementation of the AFVC model as a spreadsheet is also described.

  2. DUPIC fuel compatibility assessment

    Energy Technology Data Exchange (ETDEWEB)

    Choi, Hang Bok; Rho, G. H.; Park, J. W. [and others

    2000-03-01

    The purpose of this study is to assess the compatibility of DUPIC(Direct Use of Spent PWR Fuel in CANDU Reactors) fuel with the current CANDU 6 reactor, which is one of the technology being developed to utilize the spent PWR fuel in CANDU reactors. The phase 1 study of this project includes the feasibility analysis on applicability of the current core design method, the feasibility analysis on operation of the DUPIC fuel core, the compatibility analysis on individual reactor system, the sensitivity analysis on the fuel composition, and the economic analysis on DUPIC fuel cycle. The results of the validation calculations have confirmed that the current core analysis system is acceptable for the feasibility study of the DUPIC fuel compatibility analysis. The results of core simulations have shown that both natural uranium and DUPIC fuel cores are almost the same from the viewpoint of the operational performance. For individual reactor system including reactively devices, the functional requirements of each system are satisfied in general. However, because of the pronounced power flattening in the DUPIC core, the radiation damage on the critical components increases, which should be investigated more in the future. The DUPIC fuel composition heterogeneity dose not to impose any serious effect on the reactor operation if the fuel composition is adjusted. The economics analysis has been performed through conceptual design studies on the DUPIC fuel fabrication, fuel handling in a plant, and spent fuel disposal, which has shown that the DUPIC fuel cycle is comparable to the once-trough fuel cycle considering uncertainties associated with unit costs of the fuel cycle components. The results of Phase 1 study have shown that it is feasible to use the DUPIC fuel in CANDU reactors without major changes in hardware. However further studies are required to confirm the safety of the reactor under accident condition.

  3. Effects of current generation and electrolyte pH on reverse salt flux across thin film composite membrane in osmotic microbial fuel cells.

    Science.gov (United States)

    Qin, Mohan; Abu-Reesh, Ibrahim M; He, Zhen

    2016-11-15

    Osmotic microbial fuel cells (OsMFCs) take advantages of synergy between forward osmosis (FO) and microbial fuel cells (MFCs) to accomplish wastewater treatment, current generation, and high-quality water extraction. As an FO based technology, OsMFCs also encounter reverse salt flux (RSF) that is the backward transport of salt ions across the FO membrane into the treated wastewater. This RSF can reduce water flux, contaminate the treated wastewater, and increase the operational expense, and thus must be properly addressed before any possible applications. In this study, we aimed to understand the effects of current generation and electrolyte pH on RSF in an OsMFC. It was found that electricity generation could greatly inhibit RSF, which decreased from 16.3 ± 2.8 to 3.9 ± 0.7 gMH when the total Coulomb production increased from 0 to 311 C. The OsMFC exhibited 45.9 ± 28.4% lower RSF at the catholyte pH of 3 than that at pH 11 when 40 Ω external resistance was connected. The amount of sodium ions transported across the FO membrane was 18.3-40.7% more than that of chloride ions. Ion transport was accomplished via diffusion and electrically-driven migration, and the theoretical analysis showed that the inhibited electrically-driven migration should be responsible for the reduced RSF. These findings are potentially important to control and reduce RSF in OsMFCs or other osmotic-driven processes.

  4. Price Recall, Bertrand Paradox and Price Dispersion With Elastic Demand

    NARCIS (Netherlands)

    Carvalho, M.

    2009-01-01

    This paper studies the consequence of an imprecise recall of the price by the consumers in the Bertrand price competition model for a homogeneous good. It is shown that firms can exploit this weakness and charge prices above the competitive price. This markup increases for rougher recall of the pric

  5. Navy Fuel Specification Standardization

    Science.gov (United States)

    1992-04-01

    surfaced periodically to convert further to a single-fuel operation, i.e., one fuel for both aircraft and ship propulsion /power systems. This study...lead to the development of a single distillate fuel for ship propulsion , resulting eventually in the MIL-F-16884 Naval Distillate Fuel (NDF) used today...for both aircraft and ship propulsion /power systems. This report summarizes a study to consider this problem in light of current systems and

  6. Market News Price Dataset

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Real-time price data collected by the Boston Market News Reporter. The NOAA Fisheries' "Fishery Market News" began operations in New York City on February 14, 1938....

  7. AKRO: Standard Prices

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Standard prices are generated for cost recovery programs in the Individual Fishing Quota (IFQ) halibut and sablefish, BSAI Rationalized crab, and Central Gulf of...

  8. Pricing and Fee Management.

    Science.gov (United States)

    Fischer, Richard B.

    1986-01-01

    Defines key terms and discusses things to consider when setting fees for a continuing education program. These include (1) the organization's philosophy and mission, (2) certain key variables, (3) pricing strategy options, and (4) the test of reasonableness. (CH)

  9. Regulation of Pharmaceutical Prices

    DEFF Research Database (Denmark)

    Kaiser, Ulrich; Méndez, Susan J.; Rønde, Thomas;

    drugs, generics, and parallel imports with health care expenditures and producer revenues decreasing and co-payments increasing most for branded drugs. The reform also induced consumers to substitute from branded drugs – for which they have strong preferences – to generics and parallel imports......Reference prices constitute a main determinant of patient health care reimbursement in many countries. We study the effects of a change from an "external" (based on a basket of prices in other countries) to an "internal" (based on comparable domestic products) reference price system. We find...... that while our estimated consumer compensating variation is small, the reform led to substantial reductions in list and reference prices as well as co-payments, and to sizeable decreases in overall producer revenues, health care expenditures, and co-payments. These effects differ markedly between branded...

  10. Regulation of Pharmaceutical Prices

    DEFF Research Database (Denmark)

    Kaiser, Ulrich; Méndez, Susan J.; Rønde, Thomas;

    2014-01-01

    drugs, generics, and parallel imports with health care expenditures and producer revenues decreasing and co-payments increasing most for branded drugs. The reform also induced consumers to substitute from branded drugs – for which they have strong preferences – to generics and parallel imports......Reference prices constitute a main determinant of patient health care reimbursement in many countries. We study the effects of a change from an "external" (based on a basket of prices in other countries) to an "internal" (based on comparable domestic products) reference price system. We find...... that while our estimated consumer compensating variation is small, the reform led to substantial reductions in list and reference prices as well as co-payments, and to sizeable decreases in overall producer revenues, health care expenditures, and co-payments. These effects differ markedly between branded...

  11. Possibilities to switch from natural gas to wood fuel in DH system of Ukraine by the example of Slavutich project

    Energy Technology Data Exchange (ETDEWEB)

    Drozd, Konstantin; Geletukha, Georgiy [Scientific Engineering Centre Biomass, Kyiv (Ukraine)

    2006-07-15

    This paper is focusing on possibilities to switch from natural gas fuel to wood fuel in district heating system of Ukraine. As an example the case study of Slavutich project has been selected. In case study it was determined the capacity of new wood-fired boiler-house to be constructed. Also we estimated the wood fuel potential in the region and calculated the economical indexes of the proposed project. Taking into account the permanent natural gas prices increasing we performed the sensitivity analysis. The construction of 5 MW wood-fired boiler house is viable in current conditions (even when tariffs for heat are not yet increased nevertheless the natural gas price in Ukraine raised two times since beginning of 2006). And in the case of heat supply tariff increasing the economical indexes of the proposed project become very attractive.

  12. DEMAND AND PRICES

    Directory of Open Access Journals (Sweden)

    VĂDUVA MARIA

    2014-08-01

    Full Text Available Studying the consumer’s behavior by the ordinal approach of utility with the help of indifference curves allows us to deduce the two “movement laws of demand” in this chapter: the demand for a “normal” good is decreasing function of its price and an increasing function of income. We will use the elasticity concept to measure the intensity of the relation that is established between the demand, on the one hand, and prices or income, on the other hand: elasticity – price, direct and crossed, and elasticity – income. We can classify the goods in many categories, depending on the values that this elasticity takes. The demand elasticity can be determined depending on price and income. It reflects the proportion in which the demand for different products changes with the modification of the consumers’ income, the other factors remaining constant. The elasticity compared to the income is a demonstration of legality from the consumer’s sphere, which determines a certain hierarchy of the needs of each population category in a certain level of income. The movement of prices orients both the options and decisions of producers, namely the most useful productions and the most efficient investments, as well as the consumers’ options and decisions on the most advantageous buying of goods and services that they need. The prices appear as a “signal system” coordinating and making coherence the economic agents’ decisions – producers, consumers and population.

  13. The gas/oil price relationship from anti-cartel market view; Die Oelpreisbindung aus kartellrechtlicher (Markt-)Sicht

    Energy Technology Data Exchange (ETDEWEB)

    Daeuper, Olaf; Couval, Dominique [Kanzlei Becker Buettner Held, Berlin (Germany)

    2010-07-15

    The substantiation and the reception of the judgements of the Federal High Court (Karlsruhe, Federal Republic of Germany) from 24th March, 2010 clearly show: The coupling of the gas price to the price for light fuel oil highly is disputed legally and politically. In the contribution under consideration the author examines the linking of oil prices from historical and actual market view and legally classifies the linking of oil prices in the background the German and European cartel law.

  14. Relative Prices and Inflation Stabilisation

    OpenAIRE

    Aoki, Kosuke

    2015-01-01

    When price adjustment is sluggish, inflation is costly in terms of welfare because it distorts various kinds of relative prices. Stabilising aggregate price inflation does not necessarily minimise these costs, but stabilising a well-designed core inflation minimises the cost of relative price fluctuations and thus the cost of inflation.

  15. Equilibrium adjustment of disequilibrium prices

    NARCIS (Netherlands)

    Herings, P.J.J.; van der Laan, G.; Talman, A.J.J.; Venniker, R.

    1994-01-01

    We consider an exchange economy in which price rigidities are present. In the short run the non-numeraire commodities have a exible price level with respect to the numeraire commodity but their relative prices are mutually fixed. In the long run prices are assumed to be completely exible. For a give

  16. Fuel choices in urban Indian households

    Energy Technology Data Exchange (ETDEWEB)

    Farsi, Mehdi; Filippini, Massimo [Centre for Energy Policy and Economics, Department of Management, Technology and Economics, ETH Zurich, Switzerland and Department of Economics, University of Lugano, (Switzerland); Pachauri, Shonali [International Institute for Applied Systems Analysis, Schlossplatz 1, A-2361, Laxenburg, (Austria)

    2007-12-15

    This paper applies an ordered discrete choice framework to model fuel choices and patterns of cooking fuel use in urban Indian households. The choices considered are for three main cooking fuels: firewood, kerosene, and LPG (liquid petroleum gas). The models, estimated using a large microeconomic dataset, show a reasonably good performance in the prediction of households' primary and secondary fuel choices. This suggests that ordered models can be used to analyze multiple fuel use patterns in the Indian context. The results show that lack of sufficient income is one of the main factors that retard households from using cleaner fuels, which usually also require the purchase of relatively expensive equipment. The results also indicate that households are sensitive to LPG prices. In addition to income and price, several socio-demographic factors such as education and sex of the head of the household are also found to be important in determining household fuel choice. (Author).

  17. Hydrogen as a fuel

    Energy Technology Data Exchange (ETDEWEB)

    1979-01-01

    A panel of the Committee on Advanced Energy Storage Systems of the Assembly of Engineering has examined the status and problems of hydrogen manufacturing methods, hydrogen transmission and distribution networks, and hydrogen storage systems. This examination, culminating at a time when rapidly changing conditions are having noticeable impact on fuel and energy availability and prices, was undertaken with a view to determining suitable criteria for establishing the pace, timing, and technical content of appropriate federally sponsored hydrogen R and D programs. The increasing urgency to develop new sources and forms of fuel and energy may well impact on the scale and timing of potential future hydrogen uses. The findings of the panel are presented. Chapters are devoted to hydrogen sources, hydrogen as a feedstock, hydrogen transport and storage, hydrogen as a heating fuel, automotive uses of hydrogen, aircraft use of hydrogen, the fuel cell in hydrogen energy systems, hydrogen research and development evaluation, and international hydrogen programs.

  18. Multiphase soft switched DC/DC converter and active control technique for fuel cell ripple current elimination

    Energy Technology Data Exchange (ETDEWEB)

    Lai, Jih-Sheng (Blacksburg, VA); Liu, Changrong (Sunnyvale, CA); Ridenour, Amy (Salem, VA)

    2009-04-14

    DC/DC converter has a transformer having primary coils connected to an input side and secondary coils connected to an output side. Each primary coil connects a full-bridge circuit comprising two switches on two legs, the primary coil being connected between the switches on each leg, each full-bridge circuit being connected in parallel wherein each leg is disposed parallel to one another, and the secondary coils connected to a rectifying circuit. An outer loop control circuit that reduces ripple in a voltage reference has a first resistor connected in series with a second resistor connected in series with a first capacitor which are connected in parallel with a second capacitor. An inner loop control circuit that reduces ripple in a current reference has a third resistor connected in series with a fourth resistor connected in series with a third capacitor which are connected in parallel with a fourth capacitor.

  19. From Chemical Gardens to Fuel Cells: Generation of Electrical Potential and Current Across Self-Assembling Iron Mineral Membranes.

    Science.gov (United States)

    Barge, Laura M; Abedian, Yeghegis; Russell, Michael J; Doloboff, Ivria J; Cartwright, Julyan H E; Kidd, Richard D; Kanik, Isik

    2015-07-06

    We examine the electrochemical gradients that form across chemical garden membranes and investigate how self-assembling, out-of-equilibrium inorganic precipitates-mimicking in some ways those generated in far-from-equilibrium natural systems-can generate electrochemical energy. Measurements of electrical potential and current were made across membranes precipitated both by injection and solution interface methods in iron-sulfide and iron-hydroxide reaction systems. The battery-like nature of chemical gardens was demonstrated by linking multiple experiments in series which produced sufficient electrical energy to light an external light-emitting diode (LED). This work paves the way for determining relevant properties of geological precipitates that may have played a role in hydrothermal redox chemistry at the origin of life, and materials applications that utilize the electrochemical properties of self-organizing chemical systems.

  20. Biofuel Impacts on World Food Supply: Use of Fossil Fuel, Land and Water Resources

    Directory of Open Access Journals (Sweden)

    Robert McCormack

    2008-09-01

    Full Text Available The rapidly growing world population and rising consumption of biofuels are increasing demand for both food and biofuels. This exaggerates both food and fuel shortages. Using food crops such as corn grain to produce ethanol raises major nutritional and ethical concerns. Nearly 60% of humans in the world are currently malnourished, so the need for grains and other basic foods is critical. Growing crops for fuel squanders land, water and energy resources vital for the production of food for human consumption. Using corn for ethanol increases the price of U.S. beef, chicken, pork, eggs, breads, cereals, and milk more than 10% to 30%.

  1. Managing industrial price risk: a balancing act

    Energy Technology Data Exchange (ETDEWEB)

    Muse, J-F. [Cargill Energy (United States)

    2000-07-01

    The challenge of managing industrial price risk is assessed by a senior executive of Cargill, a diversified industrial conglomerate, involved in steel manufacturing and recycling, oilseeds, cocoa, beef, pork, and poultry processing, fertilizer and fruit juice production, in addition to trading and financial risk management. Energy is a key component in many of Cargill's businesses, hence the company has good reason to be concerned about price volatility. The effects of energy risk management on the company's shareholders are demonstrated by an analysis of month-to-month price fluctuations over the Nov 1999 to Oct 2000 period, showing the monthly value of risk at the 95 per cent confidence level as $4,832,195. The effects of alternatives for an end-user such as passing on cost to customers, improving energy efficiency. fuel switching and production curtailment, are explored and limitations and problems with each of the approaches are discussed. The best options for industrial end-users of natural gas are suggested to be a proactive risk management program in the short-term and asset diversification, fuel switching, and geographic relocation of production facilities in the long-term.

  2. Short run effects of a price on carbon dioxide emissions from U.S. electric generators.

    Science.gov (United States)

    Newcomer, Adam; Blumsack, Seth A; Apt, Jay; Lave, Lester B; Morgan, M Granger

    2008-05-01

    The price of delivered electricity will rise if generators have to pay for carbon dioxide emissions through an implicit or explicit mechanism. There are two main effects that a substantial price on CO2 emissions would have in the short run (before the generation fleet changes significantly). First, consumers would react to increased price by buying less, described by their price elasticity of demand. Second, a price on CO2 emissions would change the order in which existing generators are economically dispatched, depending on their carbon dioxide emissions and marginal fuel prices. Both the price increase and dispatch changes depend on the mix of generation technologies and fuels in the region available for dispatch, although the consumer response to higher prices is the dominant effect. We estimate that the instantaneous imposition of a price of $35 per metric ton on CO2 emissions would lead to a 10% reduction in CO2 emissions in PJM and MISO at a price elasticity of -0.1. Reductions in ERCOT would be about one-third as large. Thus, a price on CO2 emissions that has been shown in earlier workto stimulate investment in new generation technology also provides significant CO2 reductions before new technology is deployed at large scale.

  3. Cradle-to-Grave Lifecycle Analysis of U.S. Light Duty Vehicle-Fuel Pathways: A Greenhouse Gas Emissions and Economic Assessment of Current (2015) and Future (2025-2030) Technologies

    Energy Technology Data Exchange (ETDEWEB)

    Elgowainy, Amgad; Han, Jeongwoo; Ward, Jacob; Joseck, Fred; Gohlke, David; Lindauer, Alicia; Ramsden, Todd; Biddy, Mary; Alexander, Marcus; Barnhart, Steven; Sutherland, Ian; Verduzco, Laura; Wallington, Timothy

    2016-06-01

    This study provides a comprehensive lifecycle analysis (LCA), or cradle-to-grave (C2G) analysis, of the cost and greenhouse gas (GHG) emissions of a variety of vehicle-fuel pathways, as well as the levelized cost of driving (LCD) and cost of avoided GHG emissions. This study also estimates the technology readiness levels (TRLs) of key fuel and vehicle technologies along the pathways. The C2G analysis spans a full portfolio of midsize light-duty vehicles (LDVs), including conventional internal combustion engine vehicles (ICEVs), flexible fuel vehicles (FFVs), hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), battery electric vehicles (BEVs), and fuel cell electric vehicles (FCEVs). In evaluating the vehicle-fuel combinations, this study considers both low-volume and high-volume “CURRENT TECHNOLOGY” cases (nominally 2015) and a high-volume “FUTURE TECHNOLOGY” lower-carbon case (nominally 2025–2030). For the CURRENT TECHNOLOGY case, low-volume vehicle and fuel production pathways are examined to determine costs in the near term.

  4. Cradle-to-Grave Lifecycle Analysis of U.S. Light-Duty Vehicle-Fuel Pathways: A Greenhouse Gas Emissions and Economic Assessment of Current (2015) and Future (2025–2030) Technologies

    Energy Technology Data Exchange (ETDEWEB)

    Elgowainy, Amgad [Argonne National Lab. (ANL), Argonne, IL (United States); Han, Jeongwoo [Argonne National Lab. (ANL), Argonne, IL (United States); Ward, Jacob [Dept. of Energy (DOE), Washington DC (United States); Joseck, Fred [Dept. of Energy (DOE), Washington DC (United States); Gohlke, David [Dept. of Energy (DOE), Washington DC (United States); Lindauer, Alicia [Dept. of Energy (DOE), Washington DC (United States); Ramsden, Todd [National Renewable Energy Lab. (NREL), Golden, CO (United States); Biddy, Mary [National Renewable Energy Lab. (NREL), Golden, CO (United States); Alexander, Marcus [Electric Power Research Inst. (EPRI), Palo Alto, CA (United States); Barnhart, Steven [Fiat Chrysler Automobiles (FCA) US LLC, Auburn Hills, MI (United States); Sutherland, Ian [General Motors, Warren, MI (United States); Verduzco, Laura [Chevron Corporation, San Ramon, CA (United States); Wallington, Timothy J. [Ford Motor Company, Dearborn, MI (United States)

    2016-09-01

    This study provides a comprehensive life-cycle analysis (LCA), or cradle-to-grave (C2G) analysis, of the cost and greenhouse gas (GHG) emissions of a variety of vehicle-fuel pathways, as well as the levelized cost of driving (LCD) and cost of avoided GHG emissions. This study also estimates the technology readiness levels (TRLs) of key fuel and vehicle technologies along the pathways. The C2G analysis spans a full portfolio of midsize light-duty vehicles (LDVs), including conventional internal combustion engine vehicles (ICEVs), flexible fuel vehicles (FFVs), hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), battery electric vehicles (BEVs), and fuel cell electric vehicles (FCEVs). In evaluating the vehicle-fuel combinations, this study considers both low-volume and high-volume “CURRENT TECHNOLOGY” cases (nominally 2015) and a high-volume “FUTURE TECHNOLOGY” lower-carbon case (nominally 2025–2030). For the CURRENT TECHNOLOGY case, low-volume vehicle and fuel production pathways are examined to determine costs in the near term.

  5. Phosphoric acid fuel cell platinum use study

    Science.gov (United States)

    Lundblad, H. L.

    1983-01-01

    The U.S. Department of Energy is promoting the private development of phosphoric acid fuel cell (PAFC) power plants for terrestrial applications. Current PAFC technology utilizes platinum as catalysts in the power electrodes. The possible repercussions that the platinum demand of PAFC power plant commercialization will have on the worldwide supply and price of platinum from the outset of commercialization to the year 2000 are investigated. The platinum demand of PAFC commercialization is estimated by developing forecasts of platinum use per unit of generating capacity and penetration of PAFC power plants into the electric generation market. The ability of the platinum supply market to meet future demands is gauged by assessing the size of platinum reserves and the capability of platinum producers to extract, refine and market sufficient quantities of these reserves. The size and timing of platinum price shifts induced by the added demand of PAFC commercialization are investigated by several analytical methods. Estimates of these price shifts are then used to calculate the subsequent effects on PAFC power plant capital costs.

  6. Value of information and pricing new healthcare interventions.

    Science.gov (United States)

    Willan, Andrew R; Eckermann, Simon

    2012-06-01

    Previous application of value-of-information methods to optimal clinical trial design have predominantly taken a societal decision-making perspective, implicitly assuming that healthcare costs are covered through public expenditure and trial research is funded by government or donation-based philanthropic agencies. In this paper, we consider the interaction between interrelated perspectives of a societal decision maker (e.g. the National Institute for Health and Clinical Excellence [NICE] in the UK) charged with the responsibility for approving new health interventions for reimbursement and the company that holds the patent for a new intervention. We establish optimal decision making from societal and company perspectives, allowing for trade-offs between the value and cost of research and the price of the new intervention. Given the current level of evidence, there exists a maximum (threshold) price acceptable to the decision maker. Submission for approval with prices above this threshold will be refused. Given the current level of evidence and the decision maker's threshold price, there exists a minimum (threshold) price acceptable to the company. If the decision maker's threshold price exceeds the company's, then current evidence is sufficient since any price between the thresholds is acceptable to both. On the other hand, if the decision maker's threshold price is lower than the company's, then no price is acceptable to both and the company's optimal strategy is to commission additional research. The methods are illustrated using a recent example from the literature.

  7. Locational Marginal Pricing in the Campus Power System at the Power Distribution Level

    Energy Technology Data Exchange (ETDEWEB)

    Hao, Jun; Gu, Yi; Zhang, Yingchen; Zhang, Jun Jason; Gao, David Wenzhong

    2016-11-14

    In the development of smart grid at distribution level, the realization of real-time nodal pricing is one of the key challenges. The research work in this paper implements and studies the methodology of locational marginal pricing at distribution level based on a real-world distribution power system. The pricing mechanism utilizes optimal power flow to calculate the corresponding distributional nodal prices. Both Direct Current Optimal Power Flow and Alternate Current Optimal Power Flow are utilized to calculate and analyze the nodal prices. The University of Denver campus power grid is used as the power distribution system test bed to demonstrate the pricing methodology.

  8. High Drug Prices Hurt Everyone

    OpenAIRE

    Halpenny, Genevieve M.

    2016-01-01

    Turing Pharmaceuticals raised the price of Daraprim 5,500%, illustrating how the absence of competition in the sale of low-volume, low-price drugs can lead to price gouging. For patented medicines, society allows supracompetitive pricing to incentivize innovation. However, Gilead���s decision to sell Sovaldi for $84,000 per course of treatment raised the question whether society must accept any price set by the patent holder. Unfortunately, these incidents illustrate a br...

  9. Support vector machine for day ahead electricity price forecasting

    Science.gov (United States)

    Razak, Intan Azmira binti Wan Abdul; Abidin, Izham bin Zainal; Siah, Yap Keem; Rahman, Titik Khawa binti Abdul; Lada, M. Y.; Ramani, Anis Niza binti; Nasir, M. N. M.; Ahmad, Arfah binti

    2015-05-01

    Electricity price forecasting has become an important part of power system operation and planning. In a pool- based electric energy market, producers submit selling bids consisting in energy blocks and their corresponding minimum selling prices to the market operator. Meanwhile, consumers submit buying bids consisting in energy blocks and their corresponding maximum buying prices to the market operator. Hence, both producers and consumers use day ahead price forecasts to derive their respective bidding strategies to the electricity market yet reduce the cost of electricity. However, forecasting electricity prices is a complex task because price series is a non-stationary and highly volatile series. Many factors cause for price spikes such as volatility in load and fuel price as well as power import to and export from outside the market through long term contract. This paper introduces an approach of machine learning algorithm for day ahead electricity price forecasting with Least Square Support Vector Machine (LS-SVM). Previous day data of Hourly Ontario Electricity Price (HOEP), generation's price and demand from Ontario power market are used as the inputs for training data. The simulation is held using LSSVMlab in Matlab with the training and testing data of 2004. SVM that widely used for classification and regression has great generalization ability with structured risk minimization principle rather than empirical risk minimization. Moreover, same parameter settings in trained SVM give same results that absolutely reduce simulation process compared to other techniques such as neural network and time series. The mean absolute percentage error (MAPE) for the proposed model shows that SVM performs well compared to neural network.

  10. 7 CFR 1001.50 - Class prices, component prices, and advanced pricing factors.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 9 2010-01-01 2009-01-01 true Class prices, component prices, and advanced pricing factors. 1001.50 Section 1001.50 Agriculture Regulations of the Department of Agriculture (Continued..., and advanced pricing factors. See § 1000.50....

  11. 7 CFR 1032.50 - Class prices, component prices, and advanced pricing factors.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 9 2010-01-01 2009-01-01 true Class prices, component prices, and advanced pricing factors. 1032.50 Section 1032.50 Agriculture Regulations of the Department of Agriculture (Continued..., and advanced pricing factors. See § 1000.50....

  12. 7 CFR 1033.50 - Class prices, component prices, and advanced pricing factors.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 9 2010-01-01 2009-01-01 true Class prices, component prices, and advanced pricing factors. 1033.50 Section 1033.50 Agriculture Regulations of the Department of Agriculture (Continued..., and advanced pricing factors. See § 1000.50....

  13. 7 CFR 1006.50 - Class prices, component prices, and advanced pricing factors.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 9 2010-01-01 2009-01-01 true Class prices, component prices, and advanced pricing factors. 1006.50 Section 1006.50 Agriculture Regulations of the Department of Agriculture (Continued..., and advanced pricing factors. See § 1000.50....

  14. 7 CFR 1005.50 - Class prices, component prices, and advanced pricing factors.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 9 2010-01-01 2009-01-01 true Class prices, component prices, and advanced pricing factors. 1005.50 Section 1005.50 Agriculture Regulations of the Department of Agriculture (Continued..., and advanced pricing factors. See § 1000.50....

  15. 7 CFR 1007.50 - Class prices, component prices, and advanced pricing factors.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 9 2010-01-01 2009-01-01 true Class prices, component prices, and advanced pricing factors. 1007.50 Section 1007.50 Agriculture Regulations of the Department of Agriculture (Continued..., and advanced pricing factors. See § 1000.50....

  16. The impact of steam and current density on carbon formation from biomass gasification tar on Ni/YSZ, and Ni/CGO solid oxide fuel cell anodes

    Science.gov (United States)

    Mermelstein, Joshua; Millan, Marcos; Brandon, Nigel

    The combination of solid oxide fuel cells (SOFCs) and biomass gasification has the potential to become an attractive technology for the production of clean renewable energy. However the impact of tars, formed during biomass gasification, on the performance and durability of SOFC anodes has not been well established experimentally. This paper reports an experimental study on the mitigation of carbon formation arising from the exposure of the commonly used Ni/YSZ (yttria stabilized zirconia) and Ni/CGO (gadolinium-doped ceria) SOFC anodes to biomass gasification tars. Carbon formation and cell degradation was reduced through means of steam reforming of the tar over the nickel anode, and partial oxidation of benzene model tar via the transport of oxygen ions to the anode while operating the fuel cell under load. Thermodynamic calculations suggest that a threshold current density of 365 mA cm -2 was required to suppress carbon formation in dry conditions, which was consistent with the results of experiments conducted in this study. The importance of both anode microstructure and composition towards carbon deposition was seen in the comparison of Ni/YSZ and Ni/CGO anodes exposed to the biomass gasification tar. Under steam concentrations greater than the thermodynamic threshold for carbon deposition, Ni/YSZ anodes still exhibited cell degradation, as shown by increased polarization resistances, and carbon formation was seen using SEM imaging. Ni/CGO anodes were found to be more resilient to carbon formation than Ni/YSZ anodes, and displayed increased performance after each subsequent exposure to tar, likely due to continued reforming of condensed tar on the anode.

  17. Production, prices, employment, and trade in Northwest forest industries, first quarter 1989.

    Science.gov (United States)

    Debra D. Warren

    1989-01-01

    Provides current information on lumber and plywood production and prices; employment in the forest industries; international trade in logs, lumber, and plywood; volume and average prices of stumpage sold by public agencies; and other related items.

  18. Production, prices, employment, and trade in Northwest forest industries, fourth quarter 1992.

    Science.gov (United States)

    Debra D. Warren

    1993-01-01

    Provides current information on lumber and plywood production and prices; employment in the forest industries; international trade in logs, lumber, and plywood; volume and average prices of stumpage sold by public agencies; and other related items.

  19. Price smarter on the Net.

    Science.gov (United States)

    Baker, W; Marn, M; Zawada, C

    2001-02-01

    Companies generally have set prices on the Internet in two ways. Many start-ups have offered untenably low prices in a rush to capture first-mover advantage. Many incumbents have simply charged the same prices on-line as they do off-line. Either way, companies are missing a big opportunity. The fundamental value of the Internet lies not in lowering prices or making them consistent but in optimizing them. After all, if it's easy for customers to compare prices on the Internet, it's also easy for companies to track customers' behavior and adjust prices accordingly. The Net lets companies optimize prices in three ways. First, it lets them set and announce prices with greater precision. Different prices can be tested easily, and customers' responses can be collected instantly. Companies can set the most profitable prices, and they can tap into previously hidden customer demand. Second, because it's so easy to change prices on the Internet, companies can adjust prices in response to even small fluctuations in market conditions, customer demand, or competitors' behavior. Third, companies can use the clickstream data and purchase histories that it collects through the Internet to segment customers quickly. Then it can offer segment-specific prices or promotions immediately. By taking full advantage of the unique possibilities afforded by the Internet to set prices with precision, adapt to changing circumstances quickly, and segment customers accurately, companies can get their pricing right. It's one of the ultimate drivers of e-business success.

  20. Compound current control for aerospace fuel pump motor%航空油泵电机复合电流控制

    Institute of Scientific and Technical Information of China (English)

    匡敏驰; 朱纪洪; 吉敬华

    2014-01-01

    考虑电枢反应中磁饱和现象、电机各相间互感以及功率管的非线性特性等因素的影响,为提升电流环性能,提出了一种新型的永磁同步电机复合电流控制方法.该方法中控制器由相电流畸变纠正控制器和功率角补偿控制器组成.相电流畸变控制器采用P控制配合电流前馈实现,能够较好地对相电流畸变进行纠正.针对负载变化时功率角变化较大的问题,专门设计了功率角补偿控制器,可以通过稳定快速地检测内功率因数角自动进行功率角补偿.实验结果验证了该方法的有效性,表明该方法可以在高转速、大电流、高动态的情况下稳定可靠地对航空油泵电机进行控制.%A compound current control method was developed for permanent-magnet synchronous motors to improve the current control by considering the magnetic saturation,mutual inductance and nonlinear characteristics of the inverters.The controller is a current distortion correcting controller with a power angle compensating controller.The phase current distortion correcting controller uses P control with current feed forward,which can correct phase current distortions.Since the power angle changes with the load,the control method includes a power angle compensating controller which automatically compensate for changes in the power angle by quickly detecting the internal power-factor angle.Tests verify the effectiveness of this controller which gives a stable,reliable control for a high speed,rapidly varying aerospace fuel pump motor that draws large currents.

  1. "China" Says Goodbye to Low Prices——Ceramics Exhibitors Lift Prices on Canton Fair

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    @@ Raising price, an important consensus From the reduction of export tax rebate rate by 5%~7% to the rising threshold of the ceramics importers, and from the restrictions on energy consumption to the price hike of raw materials and fuels... Since this year China's ceramics industry has been facing increasing pressure.

  2. Renewable energy and negative externalities: the effect of wind turbines on house prices

    NARCIS (Netherlands)

    Dröes, M.I.; Koster, H.R.A.

    2014-01-01

    In many countries, wind turbines are constructed as part of a strategy to reduce dependence on fossil fuels. In this paper, we measure the external effect of wind turbines on the transaction prices of nearby houses. A unique house price dataset covering the period 1985-2011 is used, including the ex

  3. Higher oil price will likely not dent China’s car sales

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    <正>When the price of crude oil hits an all-time high of $135.09 a barrel, what instantly comes into the mind of people, of course, is the cost of motoring. But there are many differing views on whether rising fuel prices will hinder vehicle purchasing intentions in China.

  4. Price indices of drugs and the switching to new drugs. Two empirical examples.

    Science.gov (United States)

    Gerdtham, U G; Johannesson, M; Gunnarsson, B; Marcusson, M; Henriksson, F

    1998-01-01

    Standard price indices may not account for the price decrease that results when patients switch to pharmaceutical products for which their demand-reservation price exceeds the price of the new product. In a similar way, standard price indices may not account for the price increase that results when patients switch to pharmaceuticals for which the reservation price is below the price of the new drug. This study was designed to assess whether standard pharmaceutical price indices under- or overestimate the real price development resulting from new drug introductions. We illustrate that both situations may occur. In our first example, the switch from a branded to a generic drug, we showed that standard price indices recorded a price increase of about 16%, although the price actually decreased by about 5%. In our second example, the introduction of new formulation of a currently marketed drug, we showed that standard price indices recorded a price increase of about 6%, when the actual price increased by more than 65%.

  5. Obesity-related health impacts of fuel excise taxation- an evidence review and cost-effectiveness study.

    Science.gov (United States)

    Brown, V; Moodie, M; Cobiac, L; Mantilla Herrera, A M; Carter, R

    2017-05-04

    Reducing automobile dependence and improving rates of active transport may reduce the impact of obesogenic environments, thereby decreasing population prevalence of obesity and other diseases where physical inactivity is a risk factor. Increasing the relative cost of driving by an increase in fuel taxation may therefore be a promising public health intervention for obesity prevention. A scoping review of the evidence for obesity or physical activity effect of changes in fuel price or taxation was undertaken. Potential health benefits of an increase in fuel excise taxation in Australia were quantified using Markov modelling to simulate obesity, injury and physical activity related health impacts of a fuel excise taxation intervention for the 2010 Australian population. Health adjusted life years (HALYs) gained and healthcare cost savings from diseases averted were estimated. Incremental cost-effectiveness ratios (ICERs) were reported and results were tested through sensitivity analysis. Limited evidence on the effect of policies such as fuel taxation on health-related behaviours currently exists. Only three studies were identified reporting associations between fuel price or taxation and obesity, whilst nine studies reported associations specifically with physical activity, walking or cycling. Estimates of the cross price elasticity of demand for public transport with respect to fuel price vary, with limited consensus within the literature on a probable range for the Australian context. Cost-effectiveness modelling of a AUD0.10 per litre increase in fuel excise taxation using a conservative estimate of cross price elasticity for public transport suggests that the intervention would be cost-effective from a limited societal perspective (237 HALYs gained, AUD2.6 M in healthcare cost savings), measured against a comparator of no additional increase in fuel excise. Under "best case" assumptions, the intervention would be more cost-effective (3181 HALYs gained, AUD34.2

  6. Logistics: Price Rises Incurred by High Oil Price

    Institute of Scientific and Technical Information of China (English)

    Lai Zhihui

    2011-01-01

    @@ "When the oil price grows by 100%, the logistic indus-try will see a price growth of 40%, while the logistics in-dustry a price rise of 35%, which means every price increase of 5% in the oil price will bring along that of 2% in this industry." said Liu Zongsheng, General Manager of Itochu Logistics Co., Ltd., on the seminar "Focusing on the eco-nomic consequences of raising oil price, interest rate and deposit reserve ratio", which was held recently.

  7. Stochastic Speculative Price

    Science.gov (United States)

    Samuelson, Paul A.

    1971-01-01

    Because a commodity like wheat can be carried forward from one period to the next, speculative arbitrage serves to link its prices at different points of time. Since, however, the size of the harvest depends on complicated probability processes impossible to forecast with certainty, the minimal model for understanding market behavior must involve stochastic processes. The present study, on the basis of the axiom that it is the expected rather than the known-for-certain prices which enter into all arbitrage relations and carryover decisions, determines the behavior of price as the solution to a stochastic-dynamic-programming problem. The resulting stationary time series possesses an ergodic state and normative properties like those often observed for real-world bourses. PMID:16591903

  8. Strategic Control of Transfer Pricing in a BEPS Context

    DEFF Research Database (Denmark)

    Rossing, Christian Plesner; Pearson, Thomas C.; Nesimi, Ardit

    2016-01-01

    In the context of the BEPS Final Reports released by the OECD on 5 October 2015, the need to develop and implement strategies for international transfer pricing has been further intensified. Currently, the quality of transfer pricing strategies across multinational enterprises (multinationals...

  9. Option pricing and foreign investment under political risk

    NARCIS (Netherlands)

    Cherian, J. A.; Perotti, E.C.

    2001-01-01

    The paper analyses asset prices in a context of uncertainty over future government policy. As current policy is maintained, perceived risk abates thus leading to a gradual appreciation of asset prices and a gradual decrease in their conditional variance. Option values computed under this process hav

  10. PRICE DISCRIMINATION AND MARKET POWER: A THEORETICAL ANALYSIS

    Directory of Open Access Journals (Sweden)

    Olga Smirnova

    2015-07-01

    Full Text Available This paper analyzes the contemporary theoretical and empirical research in the field of impact assessment of market power and conclusions about the possibilities of the company to implement price discrimination in different market structures. The results of the analysis allow to evaluate current approaches to antitrust regulation of price discrimination.

  11. Pocket-book for the fuel trade 1982/83

    Energy Technology Data Exchange (ETDEWEB)

    Temming, D.

    1982-01-01

    The 'Pocket-book for the fuel trade 82/83' has been planned as a compendium of the fuel trade and as a buyer's guide for the fuel tradesman. It contains beside technical and economical informations about solid and liquid fuels indications to legal questions (competition, price and cartel laws, labor and social laws, responsability questions) and taxes and duties. A comprehensive list of the trade organizations of the fuel trade is also included.

  12. Alternative aviation turbine fuels

    Science.gov (United States)

    Grobman, J.

    1977-01-01

    The efficient utilization of fossil fuels by future jet aircraft may necessitate the broadening of current aviation turbine fuel specifications. The most significant changes in specifications would be an increased aromatics content and a higher final boiling point in order to minimize refinery energy consumption and costs. These changes would increase the freezing point and might lower the thermal stability of the fuel and could cause increased pollutant emissions, increased smoke and carbon formation, increased combustor liner temperatures, and poorer ignition characteristics. This paper discusses the effects that broadened specification fuels may have on present-day jet aircraft and engine components and the technology required to use fuels with broadened specifications.

  13. Principles of the Proposed Czech Postal Sector Price Control Model

    Directory of Open Access Journals (Sweden)

    Libor Švadlenka

    2009-01-01

    Full Text Available The paper deals with the postal sector control. It resultsfrom the control theory and proves the justifiability of control inthe postal sector. Within the price control it results from E U Directive97!67/EC requirements on this control and states individualtypes of price control focusing on ineffective price controlcurrently used in the Czech postal sector (especially withindomestic services and proposes a more effective method ofprice control. The paper also discusses the principles of the proposedmethod of price control of the Czech postal sector. It describesconcrete fulfilment of the price control model resultingfrom the price-cap and tariff formula RP I-X and concentrateson its quantitative expression. The application of the proposedmodel is carried out for a hypothetical period in the past (in orderto compare it with the current control system for letteritems tariff basket.

  14. Surviving the Price Hikes

    Institute of Scientific and Technical Information of China (English)

    JESSY ZHANG

    2006-01-01

    @@ Viessmann Werke, a German-based global manufacturer of heating technology products, settled down in an industrial development zone in Beijing suburb in 2001. In recent years, however, they have witnessed a price increase for land use in their development zone and nearby areas. "There will be more infrastructure construction in this area and a new exhibition center is said to be built here," says Dr. Andreas Tank, executive manager of Viessmann Werke. "We see the demand for land is increasing and newcomers must pay higher prices for land use than we paid. "Viessmann has fixed its expenditure on land use fees by signing a long-term contract with the development zone.

  15. Wireless network pricing

    CERN Document Server

    Huang, Jianwei

    2013-01-01

    Today's wireless communications and networking practices are tightly coupled with economic considerations, to the extent that it is almost impossible to make a sound technology choice without understanding the corresponding economic implications. This book aims at providing a foundational introduction on how microeconomics, and pricing theory in particular, can help us to understand and build better wireless networks. The book can be used as lecture notes for a course in the field of network economics, or a reference book for wireless engineers and applied economists to understand how pricing

  16. Pricing Volatility Referenced Assets

    Directory of Open Access Journals (Sweden)

    Alan De Genaro Dario

    2006-12-01

    Full Text Available Volatility swaps are contingent claims on future realized volatility. Variance swaps are similar instruments on future realized variance, the square of future realized volatility. Unlike a plain vanilla option, whose volatility exposure is contaminated by its asset price dependence, volatility and variance swaps provide a pure exposure to volatility alone. This article discusses the risk-neutral valuation of volatility and variance swaps based on the framework outlined in the Heston (1993 stochastic volatility model. Additionally, the Heston (1993 model is calibrated for foreign currency options traded at BMF and its parameters are used to price swaps on volatility and variance of the BRL / USD exchange rate.

  17. National Gas Survey. Synthesized gaseous hydrocarbon fuels

    Energy Technology Data Exchange (ETDEWEB)

    None

    1978-06-01

    The supply-Technical Advisory Task Force-Synthesized Gaseous Hydrocarbon Fuels considered coal, hydrocarbon liquids, oil shales, tar sands, and bioconvertible materials as potential feedstocks for gaseous fuels. Current status of process technology for each feedstock was reviewed, economic evaluations including sensitivity analysis were made, and constraints for establishment of a synthesized gaseous hydrocarbon fuels industry considered. Process technology is presently available to manufacture gaseous hydrocarbon fuels from each of the feedstocks. In 1975 there were eleven liquid feedstock SNG plants in the United States having a capacity of 1.1 billion SCFD. There can be no contribution of SNG before 1982 from plants using feedstocks other than liquids because there are no plants in operation or under construction as of 1977. Costs for SNG are higher than current regulated prices for U.S. natural gas. Because of large reserves, coal is a prime feedstock candidate although there are major constraints in the area of coal leases, mining and water permits, and others. Commercial technology is available and several new gasification processes are under development. Oil shale is also a feedstock in large supply and commercial process technology is available. There are siting and permit constraints, and water availability may limit the ultimate size of an oil shale processing industry. Under projected conditions, bioconvertible materials are not expected to support the production of large quantities of pipeline quality gas during the next decade. Production of low or medium Btu gas from municipal solid wastes can be expected to be developed in urban areas in conjunction with savings in disposal costs. In the economic evaluations presented, the most significant factor for liquid feedstock plants is the anticipated cost of feedstock and fuel. The economic viability of plants using other feedstocks is primarily dependent upon capital requirements.

  18. 宁夏引黄灌区农业水价改革现状分析及思考%Analysis and Thoughts to Currently Agricultural Water Price Reform in Ningxia Yellow River Irrigation

    Institute of Scientific and Technical Information of China (English)

    刘思妤; 倪红珍; 张春玲; 陈根发

    2016-01-01

    In recent years,according to the requirements of the Ministry of water resources and the construction of water saving soci-ety in Ningxia Hui Autonomous Region,the irrigation area of Ningxia has achieved certain results by fully implementation of the ag-ricultural water price reform.In combination with the practical situation of irrigation area,this paper introduces in detail the irriga-tion water price reform,irrigation water supply cost and management income situation,analyzed the main problems existing in water price reform,put forward and set up scientific points irrigation,crop ladder water price standard and perfect the relevant supporting policies,organization and management,the concrete Suggestions of infrastructure construction,so as to provide reference for further implementing the reform of water price in Ningxia Yellow River irrigation.%近年来,按照国家水利部和宁夏回族自治区建设节水型社会的要求,宁夏引黄灌区全面推行了农业水价改革,取得了一定成效。结合灌区实际情况,详细介绍了灌区水价改革、灌区供水成本及管理处收益现状,分析水价改革中存在的主要问题,并提出建立分灌区、分作物的阶梯水价标准及完善相关配套政策、组织管理、基础建设的具体建议,旨在为宁夏引黄灌区进一步落实水价改革提供参考依据。

  19. IS THE PRICE RIGHT? PRICING FOR LONG TERM PROFITABILITY

    Directory of Open Access Journals (Sweden)

    Andrea Erika NYÁRÁDI

    2007-01-01

    Full Text Available The way how we choose our pricing strategy has a significant impact on company’s success. Nowadays companies more and more adopt a new way of thinking in pricing, namely pricing for a long term period in order to bring higher profitability, to build an efficient pricing strategy. Marketers have only recently begun to focus seriously on effective pricing. These companies are the so called progressive companies. They have begun doing more than just worrying about pricing. To increase profitability many are abandoning traditional reactive pricing procedures in favor of proactive pricing, making explicit corporate decisions to change their focus to growth in top-line sales to growth in profitability. The long-term implications of price strategies are still under-researched, and managers should be aware of shifts in customer reactions that may result from frequent adoption of certain strategies. The company pricing strategy should be seen in relation to developments in the company variables, internal ones (capital strength, competencies, organizational conditions, efficiency of the work force etc. as well as external ones (customers, competitors, the technological development etc., adopting strategic pricing. In this paper I will present the most effective pricing strategies leading to long term profitability, and also suggest practical conditions for pricing strategies to maximize profit in the long run.

  20. Alternate-Fueled Flight: Halophytes, Algae, Bio-, and Synthetic Fuels

    Science.gov (United States)

    Hendricks, R. C.

    2012-01-01

    Synthetic and biomass fueling are now considered to be near-term aviation alternate fueling. The major impediment is a secure sustainable supply of these fuels at reasonable cost. However, biomass fueling raises major concerns related to uses of common food crops and grasses (some also called "weeds") for processing into aviation fuels. These issues are addressed, and then halophytes and algae are shown to be better suited as sources of aerospace fuels and transportation fueling in general. Some of the history related to alternate fuels use is provided as a guideline for current and planned alternate fuels testing (ground and flight) with emphasis on biofuel blends. It is also noted that lessons learned from terrestrial fueling are applicable to space missions. These materials represent an update (to 2009) and additions to the Workshop on Alternate Fueling Sustainable Supply and Halophyte Summit at Twinsburg, Ohio, October 17 to 18, 2007.

  1. Downside Risk And Empirical Asset Pricing

    NARCIS (Netherlands)

    P. van Vliet (Pim)

    2004-01-01

    textabstractCurrently, the Nobel prize winning Capital Asset Pricing Model (CAPM) celebrates its 40th birthday. Although widely applied in financial management, this model does not fully capture the empirical riskreturn relation of stocks; witness the beta, size, value and momentum effects. These pr

  2. Downside Risk And Empirical Asset Pricing

    NARCIS (Netherlands)

    P. van Vliet (Pim)

    2004-01-01

    textabstractCurrently, the Nobel prize winning Capital Asset Pricing Model (CAPM) celebrates its 40th birthday. Although widely applied in financial management, this model does not fully capture the empirical riskreturn relation of stocks; witness the beta, size, value and momentum effects. These

  3. Solid fuels as engine fuels. Kiinteiden polttoaineiden kaeyttoemahdollisuudet moottoripolttoaineena

    Energy Technology Data Exchange (ETDEWEB)

    Vakkilainen, A.; Nylund, N.-O.

    1986-07-01

    The use of solid fuels as engine fuels is discussed in this literature study. The present liquid fuel engines require extensive and expensive changes to overcome difficulties due to solid fuels. The solid particles result in increasing wear in the engine, in the fuel feed system and everywhere, where the particles come into touch with moving surfaces. The rate of wear has been as high as 100-fold compared to that caused by liquid fuels. Large medium-fast or slow diesel engines seem to meet best the requirements set by solid fuels. The experiment carried out by the Swiss Sulzer Engine Works are the most promising engine experiments carried out so far. In Sulzer's experiments, coal-water slurries containing 50-70 wt-% coal have been used as the fuel. Burning has been rather complete, but wear and the high price of the coal-water slurry seem to be unsolvable problems. The development work on enines is still at an early stage and a solid fuel engine will not be manufactured in series in the near future. The pulverous fuel of the future will be a mixture of some liquid and of some solid fuel powder, and hence the handling-technical problems will be considerably smaller than using powder only. Powder manufacture with the present techniques is energy-wasting. Most engine experiments have been carried out on on coal slurries with < 30 ..mu..m particle size. It is not economic to produce such powders at present.

  4. Economic impacts of a transition to higher oil prices

    Energy Technology Data Exchange (ETDEWEB)

    Tessmer, Jr, R. G.; Carhart, S. C.; Marcuse, W.

    1978-06-01

    Economic impacts of sharply higher oil and gas prices in the eighties are estimated using a combination of optimization and input-output models. A 1985 Base Case is compared with a High Case in which crude oil and crude natural gas are, respectively, 2.1 and 1.4 times as expensive as in the Base Case. Impacts examined include delivered energy prices and demands, resource consumption, emission levels and costs, aggregate and compositional changes in gross national product, balance of payments, output, employment, and sectoral prices. Methodology is developed for linking models in both quantity and price space for energy service--specific fuel demands. A set of energy demand elasticities is derived which is consistent between alternative 1985 cases and between the 1985 cases and an historical year (1967). A framework and methodology are also presented for allocating portions of the DOE Conservation budget according to broad policy objectives and allocation rules.

  5. Bio fuels. A comparative analysis; Biokraftstoffe. Eine vergleichende Analyse

    Energy Technology Data Exchange (ETDEWEB)

    Schmitz, Norbert; Henke, Jan; Klepper, Gernot

    2009-07-01

    The market for bio fuels is subject to very high dynamics worldwide. Due to the extreme rise of the prices of raw materials as well as due to the retrogressive tax reductions for bio fuels in Germany one hardly invests in bio fuels. Substantial changes are experienced in the markets for fossil raw materials. The prices for agrarian raw material used in this contribution originate from the years 2006 and 2007. The effects of clearly higher oil prices on the bio fuel market are described. The investigation under consideration also deals with criteria of sustainability. The contribution of the individual bio fuels to the reduction of greenhouse gases is analyzed. The costs resulting from this are numerated. This enables a well-established comparison in which less representative bio fuels such as bio methane, BtL fuels and cellulose ethanol also are included.

  6. Breakeven Prices for Photovoltaics on Supermarkets in the United States

    Energy Technology Data Exchange (ETDEWEB)

    Ong, S.; Clark, N.; Denholm, P.; Margolis, R.

    2013-03-01

    The photovoltaic (PV) breakeven price is the PV system price at which the cost of PV-generated electricity equals the cost of electricity purchased from the grid. This point is also called 'grid parity' and can be expressed as dollars per watt ($/W) of installed PV system capacity. Achieving the PV breakeven price depends on many factors, including the solar resource, local electricity prices, customer load profile, PV incentives, and financing. In the United States, where these factors vary substantially across regions, breakeven prices vary substantially across regions as well. In this study, we estimate current and future breakeven prices for PV systems installed on supermarkets in the United States. We also evaluate key drivers of current and future commercial PV breakeven prices by region. The results suggest that breakeven prices for PV systems installed on supermarkets vary significantly across the United States. Non-technical factors -- including electricity rates, rate structures, incentives, and the availability of system financing -- drive break-even prices more than technical factors like solar resource or system orientation. In 2020 (where we assume higher electricity prices and lower PV incentives), under base-case assumptions, we estimate that about 17% of supermarkets will be in utility territories where breakeven conditions exist at a PV system price of $3/W; this increases to 79% at $1.25/W (the DOE SunShot Initiative's commercial PV price target for 2020). These percentages increase to 26% and 91%, respectively, when rate structures favorable to PV are used.

  7. ANTESEDEN DAN KONSEKUENSI DARI PRICE SATISFACTION

    OpenAIRE

    Steven Dharma; Asep Hermawan

    2012-01-01

    The purpose of this paper is to explore the antecedents and consequents of price satisfaction. It argues that price satisfaction is composed of several dimensions (price transparency, pricequality ratio, relative price, price confidence, price reliability, and price fairness) and that companies should consider these dimensions when monitoring customer price satisfaction. Based on a theoretical discussion of the price dimensions, a questionnaire is developed that measures customer satisfact...

  8. Effect of Energy Efficiency Standards on Natural Gas Prices

    Energy Technology Data Exchange (ETDEWEB)

    Carnall, Michael; Dale, Larry; Lekov, Alex

    2011-07-26

    A primary justification for the establishment of energy efficiency standards for home appliances is the existence of information deficiencies and externalities in the market for appliances. For example, when a long-term homeowner purchases a new gas-fired water heater, she will maximize the value of her purchase by comparing the life-cycle cost of ownership of available units, including both total installed cost - purchase price plus installation costs - and operating cost in the calculus. Choice of the appliance with the lowest life-cycle costs leads to the most economically efficient balance between capital cost and fuel cost. However, if the purchaser's expected period of ownership is shorter than the useful life of the appliance, or the purchaser does not pay for the fuel used by the appliance, as is often the case with rental property, fuel cost will be external to her costs, biasing her decision toward spending less on fuel efficiency and resulting in the purchase of an appliance with greater than optimal fuel usage. By imposing an efficiency standard on appliances, less efficient appliances are made unavailable, precluding less efficient purchases and reducing fuel usage. The reduction in fuel demanded by residential users affects the total demand for such fuels as natural gas, for example. Reduced demand implies that residential customers are willing to purchase less gas at each price level. That is, the demand curve, labeled D{sub 0} in Figure 1, shifts to the left to D{sub 1}. If there is no change in the supply function, the supply curve will intersect the demand curve at a lower price. Residential demand is only one component of the total demand for natural gas. It is possible that total demand will decline very little if demand in other sectors increases substantially in response to a decline in the price. If demand does decrease, modeling studies generally confirm the intuition that reductions in demand for natural gas will result in reductions

  9. Energy prices and substitution in United States manufacturing plants

    Science.gov (United States)

    Grim, Cheryl

    Persistent regional disparities in electricity prices, growth in wholesale power markets, and recent deregulation attempts have intensified interest in the performance of the U.S. electric power industry, while skyrocketing fuel prices have brought renewed interest in the effect of changes in prices of all energy types on the U.S. economy. This dissertation examines energy prices and substitution between energy types in U.S. manufacturing. I use a newly constructed database that includes information on purchased electricity and electricity expenditures for more than 48,000 plants per year and additional data on the utilities that supply electricity to study the distribution of electricity prices paid by U.S. manufacturing plants from 1963 to 2000. I find a large compression in the dispersion of electricity prices from 1963 to 1978 due primarily to a decrease in quantity discounts for large electricity purchasers. I also find that spatial dispersion in retail electricity prices among states, counties and utility service territories is large, rises over time for smaller purchasers, and does not diminish as wholesale power markets expand in the 1990s. In addition, I examine energy type consumption patterns, prices, and substitution in U.S. manufacturing plants. I develop a plant-level dataset for 1998 with data on consumption and expenditures on energy and non-energy production inputs, output, and other plant characteristics. I find energy type consumption patterns vary widely across manufacturing plants. Further, I find a large amount of dispersion across plants in the prices paid for electricity, oil, natural gas, and coal. These high levels of dispersion are accounted for by the plant's location, industry, and purchase quantity. Finally, I present estimates of own- and cross-price elasticities of demand for both the energy and non-energy production inputs.

  10. Perspectives on gasification systems to produce energy carriers and other chemicals with low CO2 emissions : techno‐economic system analysis on current and advanced flexible thermo‐chemical conversion of fossil fuels and biomass

    NARCIS (Netherlands)

    Meerman, J.C.

    2012-01-01

    To prevent dangerous climate change, the emissions of anthropogenic greenhouse gasses (GHG) need to be reduced. Two key mitigation options to reduce GHG involve a transition from the current fossil-fuel based infrastructure towards one based on renewable and the implementation of CO2 capture, transp

  11. Metallic fuels for advanced reactors

    Science.gov (United States)

    Carmack, W. J.; Porter, D. L.; Chang, Y. I.; Hayes, S. L.; Meyer, M. K.; Burkes, D. E.; Lee, C. B.; Mizuno, T.; Delage, F.; Somers, J.

    2009-07-01

    In the framework of the Generation IV Sodium Fast Reactor Program, the Advanced Fuel Project has conducted an evaluation of the available fuel systems supporting future sodium cooled fast reactors. This paper presents an evaluation of metallic alloy fuels. Early US fast reactor developers originally favored metal alloy fuel due to its high fissile density and compatibility with sodium. The goal of fast reactor fuel development programs is to develop and qualify a nuclear fuel system that performs all of the functions of a conventional fast spectrum nuclear fuel while destroying recycled actinides. This will provide a mechanism for closure of the nuclear fuel cycle. Metal fuels are candidates for this application, based on documented performance of metallic fast reactor fuels and the early results of tests currently being conducted in US and international transmutation fuel development programs.

  12. Do Flexible Durable Goods Prices Undermine Sticky Price Models?

    OpenAIRE

    Robert Barsky; Christopher L. House; Miles Kimball

    2003-01-01

    Multi-sector sticky price models have surprising implications when durable goods have flexible prices. While in actual data the production of virtually all durables exhibits strong negative responses to monetary contractions, in dynamic general equilibrium models a monetary contraction causes the output of flexibly priced durables to expand. Indeed, in the polar case in which only nondurables have sticky prices, the negative comovement of durable and nondurable production exactly offsets and ...

  13. Effect of current collector corrosion made from printed circuit board (PCB) on the degradation of self-breathing direct methanol fuel cell stack

    Energy Technology Data Exchange (ETDEWEB)

    Guo, Jian-Wei; Xie, Xiao-Feng; Wang, Jin-Hai; Shang, Yu-Ming [Institute of Nuclear and New Energy Technology, Tsinghua University, Beijing 100084 (China)

    2008-02-25

    Adopting printed circuit board (PCB) as the current collector for direct methanol fuel cell (DMFC) is a promising task. This paper found that the combinational 10 {mu}m Ni/2 {mu}m Au coatings on PCB could not endure halide attacking in its anodic polarization. With this coated PCB, the self-breathing DMFC stack with passive methanol supply exhibited progressively degradation in its lifetime test. By using a series of measurements, it is shown that initial corrosion would not obviously influence stack degradation, but the subsequently inter-facilitation, between F{sup -} originating from Nafion membrane and corrosion products of Ni{sup 2+} and Cu{sup 2+} from PCB, would result in serious degradation, the final stack invalidation would present accompanied with the loss of membrane conductivity. The defects on coated PCB are crucial to initiate localized corrosion and stack degradation. Although cyclic voltammetry (CV) technology is effective to recover cell temporarily, its damage by releasing F{sup -} should be further evaluated. (author)

  14. Graphene/Fe3 O4 Nanocomposites as Efficient Anodes to Boost the Lifetime and Current Output of Microbial Fuel Cells.

    Science.gov (United States)

    Song, Rong-Bin; Zhao, Cui-E; Gai, Pan-Pan; Guo, Dan; Jiang, Li-Ping; Zhang, Qichun; Zhang, Jian-Rong; Zhu, Jun-Jie

    2017-02-01

    The enhancement of microbial activity and electrocatalysis through the design of new anode materials is essential to develop microbial fuel cells (MFCs) with longer lifetimes and higher output. In this research, a novel anode material, graphene/Fe3 O4 (G/Fe3 O4 ) composite, has been designed for Shewanella-inoculated MFCs. Because the Shewanella species could bind to Fe3 O4 with high affinity and their growth could be supported by Fe3 O4 , the bacterial cells attached quickly onto the anode surface and their long-term activity improved. As a result, MFCs with reduced startup time and improved stability were obtained. Additionally, the introduction of graphene not only provided a large surface area for bacterial attachment, but also offered high electrical conductivity to facilitate extracellular electron transfer (EET). The results showed that the current and power densities of a G/Fe3 O4 anode were much higher than those of each individual component as an anode.

  15. Remote field Eddy Current Technique Development for Gap Measurement of Neighboring Tubes of Nuclear Fuel Channel in Pressurized Heavy Water Reactor

    Energy Technology Data Exchange (ETDEWEB)

    Jung, H. K.; Lee, D. H.; Lee, Y. S.; Huh, H.; Cheong, Y. M. [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

    2004-04-15

    Liquid Injection Nozzle(LIN) tube and Calandria tube(CT) in pressurized Heavy Water Reactor (PHWR) are cross-aligned horizontally. These neighboring tubes can contact each other due to the sag of the calandria tube resulting from the irradiation creep and thermal creep, and fuel load, etc. In order to judge the contact which might be the safety concern, the remote field eddy current (RFEC) technology is applied for the gap measurement in this paper. LIN can be detected by inserting the RFEC probe into pressure tube (PT) at the crossing point directly. To obtain the optimal conditions of the RFEC inspection, the sensitivity, penetration and noise signals are considered simultaneously. The optimal frequency and coil spacing are 1kHz and 200mm respectively. Possible noises during LIN signal acquisition are caused by lift-off, PT thickness variation, and gap variation between PT and CT. The simulated noise signals were investigated by the Volume Integral Method(VIM). Signal analysis on the voltage plane describes the amplitude and shape of LIN and possible defects at several frequencies. All the RFEC measurements in the laboratory were done in variance with the CT/LIN gap and showed the relationship between the LIN gap and the signal parameters by analyzing the voltage plane signals

  16. On Storekeepers' Pricing Behavior.

    NARCIS (Netherlands)

    B. Bode (Ben); J. Koerts (Johan); A.R. Thurik (Roy)

    1986-01-01

    textabstractThis research note deals with a quantitative analysis of differences in percentage gross margin between individual stores in the retail trade. A number of hypotheses on pricing behavior of storekeepers are tested using Dutch survey data from nine different types of retail stores. We defi

  17. Housing price forecastability

    DEFF Research Database (Denmark)

    Bork, Lasse; Møller, Stig Vinther

    2012-01-01

    We examine US housing price forecastability using a common factor approach based on a large panel of 122 economic time series. We …nd that a simple three-factor model generates an explanatory power of about 50% in one-quarter ahead in-sample forecasting regressions. The predictive power of the mo...

  18. Transfer Pricing Principles

    DEFF Research Database (Denmark)

    Jensen, Dennis Ramsdahl

    Konferencebidraget indeholder en kritisk analyse af transfer pricing reglerne på henholdsvis moms og indkomstskatterettens område med henblik på en diskussion af, det er hensigtsmæssigt med en harmonisering af reglerne på tværs af de to retsområder...

  19. Pricing Decisions: A Game.

    Science.gov (United States)

    Read, Simon

    1989-01-01

    Describes a game that illustrates the effects of pricing on profit. Students compete against each other in an imaginary industry and become familiar with decision-making processes. Depicts the gameboard, how to make it, and how to use it. (GG)

  20. On Storekeepers' Pricing Behavior.

    NARCIS (Netherlands)

    B. Bode (Ben); J. Koerts (Johan); A.R. Thurik (Roy)

    1986-01-01

    textabstractThis research note deals with a quantitative analysis of differences in percentage gross margin between individual stores in the retail trade. A number of hypotheses on pricing behavior of storekeepers are tested using Dutch survey data from nine different types of retail stores. We

  1. MARCH 2005 PRICES

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    Continuous cold RE market has been a headache for producers. Markup of raw materials, energy and transportation expense is a disaster in succession. Entering March, there is a trend of warm-up in the market, and some RE products have got higher prices than last year. Details are listed below.

  2. Road pricing with complications

    DEFF Research Database (Denmark)

    Fosgerau, Mogens; Van Dender, Kurt

    2013-01-01

    , and a highly stylised model of congestion is used. The simple analysis also ignores that real pricing schemes are only rough approximations to ideal systems and that inefficiencies in related markets potentially affect the case for congestion charges. The canonical model tends to understate the marginal...

  3. Sentiment and art prices

    NARCIS (Netherlands)

    Penasse, J.N.G.; Renneboog, L.D.R.; Spaenjers, C.

    2014-01-01

    We hypothesize the existence of a slow-moving fad component in art prices. Using unique panel survey data on art market participants’ confidence levels in the outlook for a set of artists, we find that sentiment indeed predicts short-term returns.

  4. Price of Terbia Soaring

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    Recently, price of terbia soars to RMB $2600/ nearly changing by day. It is estimated that it will climt RMB$3000/Kg or so. Rising of terbia is mainly driven following factors: 1. Reduced Raw Materials High terbium contained Longnan ore in Ganzhou completely stopped leaching, which will result in the sh

  5. 2050: A Pricing Odyssey

    Energy Technology Data Exchange (ETDEWEB)

    Faruqui, Ahmad

    2006-10-15

    The author uses the Rip Van Winkle approach favored by marketers to gaze, clear-eyed, into the future - say, the year 2050 - to visualize alternative demand-response possibilities. Dare we go California Dreamin' of a distant utopia - or is it inevitable that pricing myopia will keep us from attaining the fulfillment of many of our career goals? (author)

  6. Transfer Pricing Principles

    DEFF Research Database (Denmark)

    Jensen, Dennis Ramsdahl

    Konferencebidraget indeholder en kritisk analyse af transfer pricing reglerne på henholdsvis moms og indkomstskatterettens område med henblik på en diskussion af, det er hensigtsmæssigt med en harmonisering af reglerne på tværs af de to retsområder...

  7. Global strategies to reduce the price of antiretroviral medicines: evidence from transactional databases.

    Science.gov (United States)

    Waning, Brenda; Kaplan, Warren; King, Alexis C; Lawrence, Danielle A; Leufkens, Hubert G; Fox, Matthew P

    2009-07-01

    To estimate the impact of global strategies, such as pooled procurement arrangements, third-party price negotiation and differential pricing, on reducing the price of antiretrovirals (ARVs), which currently hinders universal access to HIV/AIDS treatment. We estimated the impact of global strategies to reduce ARV prices using data on 7253 procurement transactions (July 2002-October 2007) from databases hosted by WHO and the Global Fund to Fight AIDS, Tuberculosis and Malaria. For 19 of 24 ARV dosage forms, we detected no association between price and volume purchased. For the other five ARVs, high-volume purchases were 4-21% less expensive than medium- or low-volume purchases. Nine of 13 generic ARVs were priced 6-36% lower when purchased under the Clinton Foundation HIV/AIDS Initiative (CHAI). Fifteen of 18 branded ARVs were priced 23-498% higher for differentially priced purchases compared with non-CHAI generic purchases. However, two branded, differentially priced ARVs were priced 63% and 73% lower, respectively, than generic non-CHAI equivalents. Large purchase volumes did not necessarily result in lower ARV prices. Although current plans for pooled procurement will further increase purchase volumes, savings are uncertain and should be balanced against programmatic costs. Third-party negotiation by CHAI resulted in lower generic ARV prices. Generics were less expensive than differentially priced branded ARVs, except where little generic competition exists. Alternative strategies for reducing ARV prices, such as streamlining financial management systems, improving demand forecasting and removing barriers to generics, should be explored.

  8. Real-time pricing strategy of micro-grid energy centre considering price-based demand response

    Science.gov (United States)

    Xu, Zhiheng; Zhang, Yongjun; Wang, Gan

    2017-07-01

    With the development of energy conversion technology such as power to gas (P2G), fuel cell and so on, the coupling between energy sources becomes more and more closely. Centralized dispatch among electricity, natural gas and heat will become a trend. With the goal of maximizing the system revenue, this paper establishes the model of micro-grid energy centre based on energy hub. According to the proposed model, the real-time pricing strategy taking into account price-based demand response of load is developed. And the influence of real-time pricing strategy on the peak load shifting is discussed. In addition, the impact of wind power predicted inaccuracy on real-time pricing strategy is analysed.

  9. Relationship between Gold and Oil Prices and Stock Market Returns

    Directory of Open Access Journals (Sweden)

    Muhammad Mansoor Baig

    2013-10-01

    Full Text Available This study objective to examine the relationship between gold prices, oil prices and KSE100 return. This study important for the investor whose want to invest in real assets and financial assets. This study helps investor to achieve the portfolio diversification. This study uses the monthly data of gold prices, KSE100, and oil prices for the period of 2000 to 2010 (monthly. This study applied Descriptive statistics, Augmented Dickey Fuller test Phillip Perron test, Johansen and Jelseluis Co-integration test, Variance Decomposition test to find relationship. This study concludes that Gold prices growth, Oil prices growth and KSE100 return have no significant relationship in the long run. This study provides information to the investors who want to get the benefit of diversification by investing in Gold, Oil and stock market. In the current era Gold prices and oil prices are fluctuating day by day and investors think that stock returns may or may not affected by these fluctuations. This study is unique because it focuses on current issues and takes the current data in this research to help the investment institutions or portfolio managers.

  10. Gasoline Prices and Their Relationship to Rising Motorcycle Fatalities, 1990–2007

    Science.gov (United States)

    Stimpson, Jim P.; Hilsenrath, Peter E.

    2009-01-01

    Motor vehicle accidents are the leading cause of death among young adults. Although automobile fatalities have declined in recent years, motorcycle fatalities are rapidly increasing. The purpose of our research was to quantify the relationship between changing fuel prices and motorcycle fatalities. Our findings suggest that people increasingly rely on motorcycles to reduce their fuel costs in response to rising gasoline prices. We estimate that use of motorcycles and scooters instead of 4-wheeled vehicles results in over 1500 additional motorcycle fatalities annually for each dollar increase in gas prices. Motorcycle safety should receive more attention as a leading public health issue. PMID:19696374

  11. Crude oil price dynamics: A study on effects of market expectation and strategic supply on price movements

    Science.gov (United States)

    Jin, Xin

    Recent years have seen dramatic fluctuations in crude oil prices. This dissertation attempts to better understand price behavior. The first chapter studies the behavior of crude oil spot and futures prices. Oil prices, particularly spot and short-term futures prices, appear to have switched from I(0) to I(1) in early 2000s. To better understand this apparent change in persistence, a factor model of oil prices is proposed, where the prices are decomposed into long-term and short-term components. The change in the persistence behavior can be explained by changes in the relative volatility of the underlying components. Fitting the model to weekly data on WTI prices, the volatility of the persistent shocks increased substantially relative to other shocks. In addition, the risk premiums in futures prices have changed their signs and become more volatile. The estimated net marginal convenience yield using the model also shows changes in its behavior. These observations suggest that a dramatic fundamental change occurred in the period from 2002 to 2004 in the dynamics of the crude oil market. The second chapter explores the short-run price-inventory dynamics in the presence of different shocks. Classical competitive storage model states that inventory decision considers both current and future market condition, and thus interacts with spot and expected future spot prices. We study competitive storage holding in an equilibrium framework, focusing on the dynamic response of price and inventory to different shocks. We show that news shock generates response profile different from traditional contemporaneous shocks in price and inventory. The model is applied to world crude oil market, where the market expectation is estimated to experience a sharp change in early 2000s, together with a persisting constrained supply relative to demand. The expectation change has limited effect on crude oil spot price though. The world oil market structure has been studied extensively but no

  12. 77 FR 22067 - Publication of Inflation Adjustment Factor, Nonconventional Source Fuel Credit, and Reference...

    Science.gov (United States)

    2012-04-12

    ... Internal Revenue Service Publication of Inflation Adjustment Factor, Nonconventional Source Fuel Credit, and Reference Price for Calendar Year 2011 AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice. SUMMARY: Publication of the inflation adjustment factor, nonconventional source fuel credit, and...

  13. Evaluation of policy options to reform the EU Emissions Trading System. Effects on carbon price, emissions and the economy

    Energy Technology Data Exchange (ETDEWEB)

    Verdonk, M.; Brink, C.; Vollebergh, H.; Roelfsema, M.

    2013-04-15

    The EU Emissions Trading System (EU ETS) is a key instrument of EU climate policy, providing a clear reduction pathway for CO2 emissions. The current carbon price (of about 3 euros per tonne of CO2, April 2013) is much lower than previously expected (which was around 30 euros) and is likely to remain low for a long time. This fuels doubts about whether the ETS will remain a key policy instrument in the long term. Such doubts also increase investment uncertainty, which is likely to have a negative impact on further investments in low-carbon technologies needed for a low-carbon economy in 2050. In November 2012, the European Commission put forward six options for a more structural reform of the EU ETS. The proposed options vary from reducing the cap and expanding the ETS to include other sectors, to strengthening the ETS by measures directly affecting allowance prices. The Dutch Ministry of Infrastructure and the Environment (IenM) asked the PBL Netherlands Environmental Assessment Agency to assess the impact of these options. Four categories of options for reforming the ETS were evaluated: (1) reducing the supply of emission allowances; (2) expanding the ETS by including other sectors; (3) a minimum price for auctioned allowances; and (4) combining ETS with a carbon tax. Recently, the European Parliament voted against the European Commission's proposal to temporarily set aside emission allowances. In an earlier assessment of this proposal, PBL concluded that the impact of this backloading proposal on CO2 prices is likely to be limited, because the total amount of allowances up to 2020 would remain unchanged. All options analysed would reduce emissions and cause the emission price to increase. A minimum price on carbon, however, would provide the best opportunity to make the ETS more robust against unforeseen events, such as a further deterioration of the economy. Such a minimum price would result in more emission reductions if abatement proves to be cheaper

  14. A look at the current status of the fuel cell technology: Test buying and operation of fuel cell stacks; Wo steht die Brennstoffzellentechnik? Erfahrungen beim Testkauf und -betrieb von BZ-Stacks

    Energy Technology Data Exchange (ETDEWEB)

    Scheppat, Birgit [Hochschule RheinMain, Wiesbaden (Germany)

    2010-10-15

    In a recent projects, scientists of RheinMain university analyzed the challenges facing potential customers who intend to replace a battery or another electric power supply unit by fuel cell stack. (orig.)

  15. Price knowledge during grocery shopping

    DEFF Research Database (Denmark)

    Jensen, Birger Boutrup; Grunert, Klaus G

    2014-01-01

    Past research on consumer price knowledge has varied considerably partly due to differences in how and when price knowledge is measured.This paper applies a multi-point, multi-measure approach to reconcile differences in past price knowledge research by examining systematicrelationships between...... accessible at the store exit. These findings enable the authors to reconcile diverging results from past research,showing how consumer price knowledge evolves and suggesting that the vast majority of consumers learn about prices, whether consciously orunconsciously, during grocery shopping. Thus, when...... applying a multi-point, multi-measure approach, consumers appear to know more aboutprices than suggested by past research. Determinants of price knowledge are also examined and the results indicate that price knowledge buildsup not only because of active search but also due to accidental exposure to prices...

  16. Real estate price peaks: a comparative overview

    CERN Document Server

    Röhner, B M

    2006-01-01

    First, we emphasize that the real estate price peaks which are currently under way in many industrialized countries (one important exception is Japan) share many of the characteristics of previous historical price peaks. In particular, we show that: (i) In the present episode real price increases are, at least for now, of the same order of magnitude as in previous episodes, typically of the order of 80 percent to 100 percent. (ii) Historically, price peaks turned out to be symmetrical with respect to the peak; soft landing, i.e. an upgoing phase followed by a plateau, has rarely (if ever) been observed. (iii) The inflated demand is mainly boosted by investors and high-income buyers. (iv) In the present as well as in previous episodes, the main engines in the upgoing phase have been the hot markets which developed in major cities such as London, Los Angeles, New York, Paris, San Francisco or Sydney. In our conclusion, we propose a prediction for real estate prices in the West of the United States over the peri...

  17. Fuzzy Optimization of Option Pricing Model and Its Application in Land Expropriation

    Directory of Open Access Journals (Sweden)

    Aimin Heng

    2014-01-01

    Full Text Available Option pricing is irreversible, fuzzy, and flexible. The fuzzy measure which is used for real option pricing is a useful supplement to the traditional real option pricing method. Based on the review of the concepts of the mean and variance of trapezoidal fuzzy number and the combination with the Carlsson-Fuller model, the trapezoidal fuzzy variable can be used to represent the current price of land expropriation and the sale price of land on the option day. Fuzzy Black-Scholes option pricing model can be constructed under fuzzy environment and problems also can be solved and discussed through numerical examples.

  18. Model Penentuan Harga ( Price ) Dinamis

    OpenAIRE

    Laili, Erna

    2012-01-01

    Information about the demand curve is not available enough practically, those sellers face some constrains to get the optimal revenue. The seller’s revenue is influenced by the dynamic pricing caused by price sensitivity and the uncertainty available marketing share. The thesis aims to create mathematical model for determining the dynamic pricing by learning both properties determination model and dynamic pricing factors. The results of the research shows that for two parameter...

  19. Electric Cars and Oil Prices

    OpenAIRE

    Azar, Jose

    2009-01-01

    This paper studies the joint dynamics of oil prices and interest in electric cars, measured as the volume of Google searches for related phrases. Not surprisingly, I find that oil price shocks predict increases in Google searches for electric cars. Much more surprisingly, I also find that an increase in Google searches predicts declines in oil prices. The high level of public interest in electric cars between April and August of 2008 can explain approximately half of the decline in oil prices...

  20. Developing a consumer pricing strategy.

    Science.gov (United States)

    Sturm, Arthur; Tiedemann, Frank

    2013-05-01

    Healthcare providers can learn a variety of pricing lessons from the retail market: For providers, wholesale pricing--"the price to play"--alone is not enough. Once a hospital or health system chooses a market position, the provider creates an expectation that must be met-consistently. Consumer loyalty is fluid, and the price of care or service is not always the motivator for choosing one organization over another; intangibles such as location and level of customer service also drive purchasing decisions.