WorldWideScience

Sample records for econometric simulation model

  1. Econometric simulation model of the US market for steam coal

    Energy Technology Data Exchange (ETDEWEB)

    Labys, W C; Paik, S; Liebenthal, A M

    1979-01-01

    An econometric investigation of the historical structure of the U.S. market for steam coal was made to forecast demand, supply, inventory, and price behavior. The structure of the steam coal market is examined and a corresponding theoretical model developed. Consideration is given to alternative simulation models based on various combinations of hypotheses about demand and supply. Results from the models are presented and interpreted. 19 references.

  2. Spatial Econometric data analysis: moving beyond traditional models

    NARCIS (Netherlands)

    Florax, R.J.G.M.; Vlist, van der A.J.

    2003-01-01

    This article appraises recent advances in the spatial econometric literature. It serves as the introduction too collection of new papers on spatial econometric data analysis brought together in this special issue, dealing specifically with new extensions to the spatial econometric modeling

  3. Improving the teaching of econometrics

    Directory of Open Access Journals (Sweden)

    David F. Hendry

    2016-12-01

    Full Text Available We recommend a major shift in the Econometrics curriculum for both graduate and undergraduate teaching. It is essential to include a range of topics that are still rarely addressed in such teaching, but are now vital for understanding and conducting empirical macroeconomic research. We focus on a new approach to macro-econometrics teaching, since even undergraduate econometrics courses must include analytical methods for time series that exhibit both evolution from stochastic trends and abrupt changes from location shifts, and so confront the “non-stationarity revolution”. The complexity and size of the resulting equation specifications, formulated to include all theory-based variables, their lags and possibly non-linear functional forms, as well as potential breaks and rival candidate variables, places model selection for models of changing economic data at the centre of teaching. To illustrate our proposed new curriculum, we draw on a large UK macroeconomics database over 1860–2011. We discuss how we reached our present approach, and how the teaching of macro-econometrics, and econometrics in general, can be improved by nesting so-called “theory-driven” and “data-driven” approaches. In our methodology, the theory-model’s parameter estimates are unaffected by selection when the theory is complete and correct, so nothing is lost, whereas when the theory is incomplete or incorrect, improved empirical models can be discovered from the data. Recent software like Autometrics facilitates both the teaching and the implementation of econometrics, supported by simulation tools to examine operational performance, designed to be feasibly presented live in the classroom.

  4. ECONOMIC FORECASTS BASED ON ECONOMETRIC MODELS USING EViews 5

    Directory of Open Access Journals (Sweden)

    Cornelia TomescuDumitrescu,

    2009-05-01

    Full Text Available The forecast of evolution of economic phenomena represent on the most the final objective of econometrics. It withal represent a real attempt of validity elaborate model. Unlike the forecasts based on the study of temporal series which have an recognizable inertial character the forecasts generated by econometric model with simultaneous equations are after to contour the future of ones of important economic variables toward the direct and indirect influences bring the bear on their about exogenous variables. For the relief of the calculus who the realization of the forecasts based on the econometric models its suppose is indicate the use of the specialized informatics programs. One of this is the EViews which is applied because it reduces significant the time who is destined of the econometric analysis and it assure a high accuracy of calculus and of the interpretation of results.

  5. Econometric modeling of the balance of social security Brazil

    OpenAIRE

    Isaac Figueiredo de Sousa

    2009-01-01

    This work aims to build models using econometrics techniques to explain the components of the balance of Social Security System, or in other words, the net value of tax revenues and the benefit values of the General Regime of Social Security. These models were subjected to statistic validations indicated in the theoretical reference of econometrics, to apply the method of ordinary least square from the classic model of linear regression. From an increasing longevity and the gradual decr...

  6. Development of a long term macro econometric model for strategic analysis and cost assessments in nuclear R and D fields

    International Nuclear Information System (INIS)

    Mankin, Shuichi; Yamazaki, Shigeki.

    1985-11-01

    A Long Term Macro Econometric Model (LTMEMO) has been developed for the purpose of generating economic scenarios for strategic analysis and for cost assessments of technologies in the field of nuclear research and development. The program system of the model is composed of such sub-programs as related social and economic statistic data base and its treatment program, identification and estimation programs of various econometric functions, simulation programs for future projections, and a reference econometric model program. The reference econometric model in the program system would be improved and modified easily by using data base and other sub-programs as the purpose of data retrieval, application of economic hypothesis, and scenario generation. The reference model belongs to a category of such standard types as macro-econometric, deterministic, and descriptive one, however, it was deviated based on the combination of Keynesian theories and Neo-classical theories and was modified by system engineering aspects. The model obtained good performances in such various econometric tests as statistical examinations in parameter estimation of each functions and so called partial tests, total tests, and final tests. Macro economic scenarios α and β, long term projections through 2030 of macro economy in our country were evaluated appropriately by this model. This report describes the process in the development of the model from needs of econometric model in nuclear fields to examples of economic scenarios generated by this model. Some consideration are taken into descriptions on the deviation of each functions and on the application of economic theories for practical use of this program system at the time of modification and improvements of the reference model. (author)

  7. Modelling the world oil market: Assessment of a quarterly econometric model

    International Nuclear Information System (INIS)

    Dees, Stephane; Karadeloglou, Pavlos; Kaufmann, Robert K.; Sanchez, Marcelo

    2007-01-01

    This paper describes a structural econometric model of the world oil market that can be used to analyse oil market developments and risks. Oil demand depends on domestic economic activity and the real price of oil. Oil supply for non-OPEC producers, based on competitive behaviours, is constrained by geological and institutional conditions. Oil prices are determined by a 'price rule' that includes market conditions and OPEC behaviour. Policy simulations indicate that oil demand and non-OPEC supply are rather inelastic to changes in price, while OPEC decisions about quota and capacity utilisation have a significant, immediate impact on oil prices

  8. The SRI-WEFA Soviet Econometric Model: Phase One Documentation

    Science.gov (United States)

    1975-03-01

    established prices. We also have an estimated equation for an end-use residual category which conceptually includes state grain reserves, other undis...forecasting. An important virtue of the econometric discipline is that it requires one first to conceptualize and estimate regularities of behavior...any de- scriptive analysis. Within the framwork of an econometric model, the analyst is able to discriminate among these "special events

  9. Possibly Ill-behaved Posteriors in Econometric Models

    NARCIS (Netherlands)

    L.F. Hoogerheide (Lennart); H.K. van Dijk (Herman)

    2008-01-01

    textabstractHighly non-elliptical posterior distributions may occur in several econometric models, in particular, when the likelihood information is allowed to dominate and data information is weak. We explain the issue of highly non-elliptical posteriors in a model for the effect of education on

  10. Forecasting Inflation through Econometrics Models: An Empirical ...

    African Journals Online (AJOL)

    This article aims at modeling and forecasting inflation in Pakistan. For this purpose a number of econometric approaches are implemented and their results are compared. In ARIMA models, adding additional lags for p and/or q necessarily reduced the sum of squares of the estimated residuals. When a model is estimated ...

  11. Crystal study and econometric model

    Science.gov (United States)

    1975-01-01

    An econometric model was developed that can be used to predict demand and supply figures for crystals over a time horizon roughly concurrent with that of NASA's Space Shuttle Program - that is, 1975 through 1990. The model includes an equation to predict the impact on investment in the crystal-growing industry. Actually, two models are presented. The first is a theoretical model which follows rather strictly the standard theoretical economic concepts involved in supply and demand analysis, and a modified version of the model was developed which, though not quite as theoretically sound, was testable utilizing existing data sources.

  12. Econometric models for biohydrogen development.

    Science.gov (United States)

    Lee, Duu-Hwa; Lee, Duu-Jong; Veziroglu, Ayfer

    2011-09-01

    Biohydrogen is considered as an attractive clean energy source due to its high energy content and environmental-friendly conversion. Analyzing various economic scenarios can help decision makers to optimize development strategies for the biohydrogen sector. This study surveys econometric models of biohydrogen development, including input-out models, life-cycle assessment approach, computable general equilibrium models, linear programming models and impact pathway approach. Fundamentals of each model were briefly reviewed to highlight their advantages and disadvantages. The input-output model and the simplified economic input-output life-cycle assessment model proved most suitable for economic analysis of biohydrogen energy development. A sample analysis using input-output model for forecasting biohydrogen development in the United States is given. Copyright © 2011 Elsevier Ltd. All rights reserved.

  13. Waste production and regional growth of marine activities an econometric model

    International Nuclear Information System (INIS)

    Bramati, Maria Caterina

    2016-01-01

    Coastal regions are characterized by intense human activity and climatic pressures, often intensified by competing interests in the use of marine waters. To assess the effect of public spending on the regional economy, an econometric model is here proposed. Not only are the regional investment and the climatic risks included in the model, but also variables related to the anthropogenic pressure, such as population, economic activities and waste production. Feedback effects of economic and demographic expansion on the pollution of coastal areas are also considered. It is found that dangerous waste increases with growing shipping and transportation activities and with growing population density in non-touristic coastal areas. On the other hand, the amount of non-dangerous wastes increases with marine mining, defense and offshore energy production activities. However, lower waste production occurs in areas where aquaculture and touristic industry are more exploited, and accompanied by increasing regional investment in waste disposal. - Highlights: • We use an econometric model as a tool for assessing the effects of regional policies on the development of economic activities related to the use of the sea and on the impact on the marine environment. • Through scenario simulation we provide strategic guidelines for policy makers and economic planners • The model features feedback effects of economic and demographic expansion on the pollution of coastal areas.

  14. Econometrics of risk

    CERN Document Server

    Kreinovich, Vladik; Sriboonchitta, Songsak; Suriya, Komsan

    2015-01-01

    This edited book contains several state-of-the-art papers devoted to econometrics of risk. Some papers provide theoretical analysis of the corresponding mathematical, statistical, computational, and economical models. Other papers describe applications of the novel risk-related econometric techniques to real-life economic situations. The book presents new methods developed just recently, in particular, methods using non-Gaussian heavy-tailed distributions, methods using non-Gaussian copulas to properly take into account dependence between different quantities, methods taking into account imprecise ("fuzzy") expert knowledge, and many other innovative techniques. This versatile volume helps practitioners to learn how to apply new techniques of econometrics of risk, and researchers to further improve the existing models and to come up with new ideas on how to best take into account economic risks.

  15. Development of an expert system in econometrics. Application to energy demand modelling

    International Nuclear Information System (INIS)

    Fauveau, A.

    1993-01-01

    The proper use of econometric softwares requires both statistical and economic skills. The main objective of this thesis is to provide the users of regression programs with assistance in the process of regression analysis by means of expert system technology. We first built an expert system providing general econometric strategy. The running principle of the program is based on a ''estimation - hypothesis check - specification improvement'' cycle. Its econometric expertise is a consistent set of statistical technics and analysis rules for estimating one equation. Then, we considered the inclusion of the economic knowledge required to produce a consistent analysis; we focused on energy demand modelling. The economic knowledge base is independent from the econometric rules, this allow us to update it easily. (author)

  16. Econometric modelling of economic security in business operations management

    OpenAIRE

    Chagovets, L. О.; Nevezhin, V. P.; Zakharova, О. V.

    2014-01-01

    The article deals with econometric modeling of economic security. The model of evaluating transaction costs effect on the level of enterprise economic security is provided. The econometric models of evaluating economic security that are used in research are based on panel data. According to the results, the reserves for increasing the general level of economic security due to transaction costs reduction are revealed. Розглянуто питання економетричного моделювання економічної безпеки. Предс...

  17. An expert system for national economy model simulations

    Directory of Open Access Journals (Sweden)

    Roljić Lazo

    2002-01-01

    Full Text Available There are some fundamental economic uncertainties. We cannot forecast economic events with a very high scientific precision. It is very clear that there does not exist a unique 'general' model, which can yield all answers to a wide range of macroeconomic issues. Therefore, we use several different kinds of models on segments of the macroeconomic problem. Different models can distinguish/solve economy desegregation, time series analysis and other subfactors involved in macroeconomic problem solving. A major issue becomes finding a meaningful method to link these econometric models. Macroeconomic models were linked through development of an Expert System for National Economy Model Simulations (ESNEMS. ESNEMS consists of five parts: (1 small-scale short-term national econometric model, (2 Methodology of Interactive Nonlinear Goal Programming (MINGP, (3 data-base of historical macro-economic aggregates, (4 software interface for interactive communications between a model and a decision maker, and (5 software for solving problems. ESNEMS was developed to model the optimum macro-economic policy of a developing country (SFRY-formerly Yugoslavia. Most econometric models are very complex. Optimizing of the economic policy is typically defined as a nonlinear goal programming problem. To solve/optimize these models, a new methodology, MINGP, was developed as a part of ESNEMS. MINGP is methodologically based on linear goal programming and feasible directions method. Using Euler's Homogeneous Function Theorem, MINGP linearizes nonlinear homogeneous functions. The highest priorities in minimizing the objective function are the growth of gross domestic product and the decrease of inflation. In the core of the optimization model, MINGP, there is a small-scale econometric model. This model was designed through analysis of the causal relations in the SFRY's social reproduction process of the past 20 years. The objective of the econometric model is to simulate

  18. Potential of Wolfram technologies in construction and research of econometric models

    Directory of Open Access Journals (Sweden)

    Dmitry A. Vlasov

    2017-12-01

    Full Text Available In the center of attention of article didactic, applied and research potentials of technologies of the modern knowledge base and a set of computing algorithms Wolfram in creation and a research of econometric models. Econometric models and methods traditionally play a special role in applied mathematical training of students of an economic bachelor degree in Plekhanov Russian University of Economics. Within this article experience of forming of content of applied mathematical training of future bachelor of economy and methodical features of use of information technologies in the course of econometric modeling of social and economic situations and teaching subject matters of «The econometrician (basic level» for students of an economic bachelor degree and «The econometrician (advanced level» for students of an economic magistracy is provided. The allocated sixteen tools fully allow to focus attention to development of innovative components of professional competence of future bachelors of economy.

  19. BAYESIAN FORECASTS COMBINATION TO IMPROVE THE ROMANIAN INFLATION PREDICTIONS BASED ON ECONOMETRIC MODELS

    Directory of Open Access Journals (Sweden)

    Mihaela Simionescu

    2014-12-01

    Full Text Available There are many types of econometric models used in predicting the inflation rate, but in this study we used a Bayesian shrinkage combination approach. This methodology is used in order to improve the predictions accuracy by including information that is not captured by the econometric models. Therefore, experts’ forecasts are utilized as prior information, for Romania these predictions being provided by Institute for Economic Forecasting (Dobrescu macromodel, National Commission for Prognosis and European Commission. The empirical results for Romanian inflation show the superiority of a fixed effects model compared to other types of econometric models like VAR, Bayesian VAR, simultaneous equations model, dynamic model, log-linear model. The Bayesian combinations that used experts’ predictions as priors, when the shrinkage parameter tends to infinite, improved the accuracy of all forecasts based on individual models, outperforming also zero and equal weights predictions and naïve forecasts.

  20. Econometric Models for Forecasting of Macroeconomic Indices

    Science.gov (United States)

    Sukhanova, Elena I.; Shirnaeva, Svetlana Y.; Mokronosov, Aleksandr G.

    2016-01-01

    The urgency of the research topic was stipulated by the necessity to carry out an effective controlled process by the economic system which can hardly be imagined without indices forecasting characteristic of this system. An econometric model is a safe tool of forecasting which makes it possible to take into consideration the trend of indices…

  1. An assessment of econometric models applied to fossil fuel power generation

    International Nuclear Information System (INIS)

    Gracceva, F.; Quercioli, R.

    2001-01-01

    The main purpose of this report is to provide a general view of those studies, in which the econometric approach is applied to the selection of fuel in fossil fired power generation, focusing the attention to the key role played by the fuel prices. The report consists of a methodological analysis and a survey of the studies available in literature. The methodological analysis allows to assess the adequateness of the econometric approach, in the electrical power utilities policy. With this purpose, the fundamentals of microeconomics, which are the basis of the econometric models, are pointed out and discussed, and then the hypotheses, which are needed to be assumed for complying the economic theory, are verified in their actual implementation in the power generation sector. The survey of the available studies provides a detailed description of the Translog and Logit models, and the results achieved with their application. From these results, the estimated models show to fit the data with good approximation, a certain degree of interfuel substitution and a meaningful reaction to prices on demand side [it

  2. Econometrically calibrated computable general equilibrium models: Applications to the analysis of energy and climate politics

    Science.gov (United States)

    Schu, Kathryn L.

    Economy-energy-environment models are the mainstay of economic assessments of policies to reduce carbon dioxide (CO2) emissions, yet their empirical basis is often criticized as being weak. This thesis addresses these limitations by constructing econometrically calibrated models in two policy areas. The first is a 35-sector computable general equilibrium (CGE) model of the U.S. economy which analyzes the uncertain impacts of CO2 emission abatement. Econometric modeling of sectors' nested constant elasticity of substitution (CES) cost functions based on a 45-year price-quantity dataset yields estimates of capital-labor-energy-material input substitution elasticities and biases of technical change that are incorporated into the CGE model. I use the estimated standard errors and variance-covariance matrices to construct the joint distribution of the parameters of the economy's supply side, which I sample to perform Monte Carlo baseline and counterfactual runs of the model. The resulting probabilistic abatement cost estimates highlight the importance of the uncertainty in baseline emissions growth. The second model is an equilibrium simulation of the market for new vehicles which I use to assess the response of vehicle prices, sales and mileage to CO2 taxes and increased corporate average fuel economy (CAFE) standards. I specify an econometric model of a representative consumer's vehicle preferences using a nested CES expenditure function which incorporates mileage and other characteristics in addition to prices, and develop a novel calibration algorithm to link this structure to vehicle model supplies by manufacturers engaged in Bertrand competition. CO2 taxes' effects on gasoline prices reduce vehicle sales and manufacturers' profits if vehicles' mileage is fixed, but these losses shrink once mileage can be adjusted. Accelerated CAFE standards induce manufacturers to pay fines for noncompliance rather than incur the higher costs of radical mileage improvements

  3. An econometric model of the hardwood lumber market

    Science.gov (United States)

    William G. Luppold

    1982-01-01

    A recursive econometric model with causal flow originating from the demand relationship is used to analyze the effects of exogenous variables on quantity and price of hardwood lumber. Wage rates, interest rates, stumpage price, lumber exports, and price of lumber demanders' output were the major factors influencing quantities demanded and supplied and hardwood...

  4. Study protocol: combining experimental methods, econometrics and simulation modelling to determine price elasticities for studying food taxes and subsidies (The Price ExaM Study).

    Science.gov (United States)

    Waterlander, Wilma E; Blakely, Tony; Nghiem, Nhung; Cleghorn, Christine L; Eyles, Helen; Genc, Murat; Wilson, Nick; Jiang, Yannan; Swinburn, Boyd; Jacobi, Liana; Michie, Jo; Ni Mhurchu, Cliona

    2016-07-19

    There is a need for accurate and precise food price elasticities (PE, change in consumer demand in response to change in price) to better inform policy on health-related food taxes and subsidies. The Price Experiment and Modelling (Price ExaM) study aims to: I) derive accurate and precise food PE values; II) quantify the impact of price changes on quantity and quality of discrete food group purchases and; III) model the potential health and disease impacts of a range of food taxes and subsidies. To achieve this, we will use a novel method that includes a randomised Virtual Supermarket experiment and econometric methods. Findings will be applied in simulation models to estimate population health impact (quality-adjusted life-years [QALYs]) using a multi-state life-table model. The study will consist of four sequential steps: 1. We generate 5000 price sets with random price variation for all 1412 Virtual Supermarket food and beverage products. Then we add systematic price variation for foods to simulate five taxes and subsidies: a fruit and vegetable subsidy and taxes on sugar, saturated fat, salt, and sugar-sweetened beverages. 2. Using an experimental design, 1000 adult New Zealand shoppers complete five household grocery shops in the Virtual Supermarket where they are randomly assigned to one of the 5000 price sets each time. 3. Output data (i.e., multiple observations of price configurations and purchased amounts) are used as inputs to econometric models (using Bayesian methods) to estimate accurate PE values. 4. A disease simulation model will be run with the new PE values as inputs to estimate QALYs gained and health costs saved for the five policy interventions. The Price ExaM study has the potential to enhance public health and economic disciplines by introducing internationally novel scientific methods to estimate accurate and precise food PE values. These values will be used to model the potential health and disease impacts of various food pricing policy

  5. Study protocol: combining experimental methods, econometrics and simulation modelling to determine price elasticities for studying food taxes and subsidies (The Price ExaM Study

    Directory of Open Access Journals (Sweden)

    Wilma E. Waterlander

    2016-07-01

    Full Text Available Abstract Background There is a need for accurate and precise food price elasticities (PE, change in consumer demand in response to change in price to better inform policy on health-related food taxes and subsidies. Methods/Design The Price Experiment and Modelling (Price ExaM study aims to: I derive accurate and precise food PE values; II quantify the impact of price changes on quantity and quality of discrete food group purchases and; III model the potential health and disease impacts of a range of food taxes and subsidies. To achieve this, we will use a novel method that includes a randomised Virtual Supermarket experiment and econometric methods. Findings will be applied in simulation models to estimate population health impact (quality-adjusted life-years [QALYs] using a multi-state life-table model. The study will consist of four sequential steps: 1. We generate 5000 price sets with random price variation for all 1412 Virtual Supermarket food and beverage products. Then we add systematic price variation for foods to simulate five taxes and subsidies: a fruit and vegetable subsidy and taxes on sugar, saturated fat, salt, and sugar-sweetened beverages. 2. Using an experimental design, 1000 adult New Zealand shoppers complete five household grocery shops in the Virtual Supermarket where they are randomly assigned to one of the 5000 price sets each time. 3. Output data (i.e., multiple observations of price configurations and purchased amounts are used as inputs to econometric models (using Bayesian methods to estimate accurate PE values. 4. A disease simulation model will be run with the new PE values as inputs to estimate QALYs gained and health costs saved for the five policy interventions. Discussion The Price ExaM study has the potential to enhance public health and economic disciplines by introducing internationally novel scientific methods to estimate accurate and precise food PE values. These values will be used to model the potential

  6. Development and Application of Econometric Models for Forecasting and Analysis of Monetary Policy Scenarios

    OpenAIRE

    Malugin, Vladimir; Demidenko , Mikhail; Kalechits, Dmitry; Miksjuk , Alexei; Tsukarev , Taras

    2009-01-01

    A system of econometric models designed for forecasting target monetary indicators as well as conducting monetary policy scenarios analysis is presented. The econometric models integrated in the system are represented in the error correction form and are interlinked by means of monetary policy instruments variables, common exogenous variables characterizing external shocks, and monetary policy target endogenous variables. Forecast accuracy estimates and monetary policy analysis results are pr...

  7. Econometric model as a regulatory tool in electricity distribution - Case Network Performance Assessment Model

    International Nuclear Information System (INIS)

    Honkapuro, S.; Lassila, J.; Viljainen, S.; Tahvanainen, K.; Partanen, J.

    2004-01-01

    Electricity distribution companies operate in the state of natural monopolies since building of parallel networks is not cost-effective. Monopoly companies do not have pressure from the open markets to keep their prices and costs at reasonable level. The regulation of these companies is needed to prevent the misuse of the monopoly position. Regulation is usually focused either on the profit of company or on the price of electricity. In this document, the usability of an econometric model in the regulation of electricity distribution companies is evaluated. Regulation method which determines allowed income for each company with generic computation model can be seen as an econometric model. As the special case of an econometric model, the method called Network Performance Assessment Model, NPAM (Naetnyttomodellen in Swedish), is analysed. NPAM is developed by Swedish Energy Agency (STEM) for the regulation of electricity distribution companies. Both theoretical analysis and calculations of an example network area are presented in this document to find the major directing effects of the model. The parameters of NPAM, which are used in the calculations of this research report, were dated on 30th of March 2004. These parameters were most recent available at the time when analysis was done. However, since NPAM is under development, the parameters have been constantly changing. Therefore slightly changes in the results can occur if calculations were made with latest parameters. However, main conclusions are same and do not depend on exact parameters. (orig.)

  8. Survey on econometric analysis of oil substitute energy; Sekiyu daitai energy keiryo bunseki chosa

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1996-03-01

    For the econometric analysis of petroleum substitution energy, a domestic econometric model was developed which can concretely and econometrically grasp and analyze effects of measures taken for environmental policies, energy conservation, promotion of new energy, etc. The model was made so synthetic as to catch a relationship between energy supply/demand and changes of econosocial structures in economic growth, industrial structure, life style, etc. which are extremely important elements for catching future energy demand. The model is composed of a secondary energy price model, a new energy introduction model, and an energy supply/demand model. As case parameters, selected were the price of crude oil, introduction of new energy, GDP and energy conservation, and the following cases were assumed: standard case, high price energy case, new energy introduction promotion case, low economic growth case, energy conservation case, and low energy demand case. The results of simulating each of these cases were indicated. 91 figs., 110 tabs.

  9. Oil dependency of the Russian economy: an econometric analysis

    OpenAIRE

    Benedictow, Andreas; Fjærtoft, Daniel; Løfsnæs, Ole

    2010-01-01

    Abstract: A macro econometric model of the Russian economy is developed, containing 13 estimated equations – covering major national account variables, government expenditures and revenues, interest rates, prices and the labour market. The model is tailored to analyze effects of changes in the oil price and economic policy variables. The model has good statistical properties and tracks history well over the estimation period, which runs from 1995Q1 to 2008Q1. Model simulations indicate tha...

  10. Econometric model as a regulatory tool in electricity distribution. Case network performance assessment model

    International Nuclear Information System (INIS)

    Honkapuro, S.; Lassila, J.; Viljainen, S.; Tahvanainen, K.; Partanen, J.

    2004-01-01

    Electricity distribution companies operate in the state of natural monopolies since building of parallel networks is not cost- effective. Monopoly companies do not have pressure from the open markets to keep their prices and costs at reasonable level. The regulation of these companies is needed to prevent the misuse of the monopoly position. Regulation is usually focused either on the profit of company or on the price of electricity. Regulation method which determines allowed income for each company with generic computation model can be seen as an econometric model. In this document, the usability of an econometric model in the regulation of electricity distribution companies is evaluated. As the special case of an econometric model, the method called Network Performance Assessment Model, NPAM (Naetnyttomodellen in Swedish), is analysed. NPAM is developed by Swedish Energy Agency (STEM) for the regulation of electricity distribution companies. Both theoretical analysis and calculations of an example network area are presented in this document to find the major directing effects of the model. The parameters of NPAM, which are used in the calculations of this research report, were dated on 30th of March 2004. These parameters were most recent ones available at the time when analysis was done. However, since NPAM have been under development, the parameters have been constantly changing. Therefore slight changes might occur in the numerical results of calculations if they were made with the latest set of parameters. However, main conclusions are same and do not depend on exact parameters

  11. Econometric models for predicting confusion crop ratios

    Science.gov (United States)

    Umberger, D. E.; Proctor, M. H.; Clark, J. E.; Eisgruber, L. M.; Braschler, C. B. (Principal Investigator)

    1979-01-01

    Results for both the United States and Canada show that econometric models can provide estimates of confusion crop ratios that are more accurate than historical ratios. Whether these models can support the LACIE 90/90 accuracy criterion is uncertain. In the United States, experimenting with additional model formulations could provide improved methods models in some CRD's, particularly in winter wheat. Improved models may also be possible for the Canadian CD's. The more aggressive province/state models outperformed individual CD/CRD models. This result was expected partly because acreage statistics are based on sampling procedures, and the sampling precision declines from the province/state to the CD/CRD level. Declining sampling precision and the need to substitute province/state data for the CD/CRD data introduced measurement error into the CD/CRD models.

  12. Technology trends in econometric energy models: Ignorance or information?

    International Nuclear Information System (INIS)

    Boyd, G.; Kokkelenberg, E.; State Univ., of New York, Binghamton, NY; Ross, M.; Michigan Univ., Ann Arbor, MI

    1991-01-01

    Simple time trend variables in factor demand models can be statistically powerful variables, but may tell the researcher very little. Even more complex specification of technical change, e.g. factor biased, are still the economentrician's ''measure of ignorance'' about the shifts that occur in the underlying production process. Furthermore, in periods of rapid technology change the parameters based on time trends may be too large for long run forecasting. When there is clearly identifiable engineering information about new technology adoption that changes the factor input mix, data for the technology adoption may be included in the traditional factor demand model to economically model specific factor biased technical change and econometrically test their contribution. The adoption of thermomechanical pulping (TMP) and electric are furnaces (EAF) are two electricity intensive technology trends in the Paper and Steel industries, respectively. This paper presents the results of including these variables in a tradition econometric factor demand model, which is based on the Generalized Leontief. The coefficients obtained for this ''engineering based'' technical change compares quite favorably to engineering estimates of the impact of TMP and EAF on electricity intensities, improves the estimates of the other price coefficients, and yields a more believable long run electricity forecast. 6 refs., 1 fig

  13. Assessing Independent Variables Used in Econometric Modeling Forest Land Use or Land Cover Change: A Meta-Analysis

    Science.gov (United States)

    J Jeuck; F. Cubbage; R. Abt; R. Bardon; J. McCarter; J. Coulston; M. Renkow

    2014-01-01

    : We conducted a meta-analysis on 64 econometric models from 47 studies predicting forestland conversion to agriculture (F2A), forestland to development (F2D), forestland to non-forested (F2NF) and undeveloped (including forestland) to developed (U2D) land. Over 250 independent econometric variables were identified from 21 F2A models, 21 F2D models, 12 F2NF models, and...

  14. Essays on financial econometrics : modeling the term structure of interest rates

    NARCIS (Netherlands)

    Bouwman, Kees Evert

    2008-01-01

    This dissertation bundles five studies in financial econometrics that are related to the theme of modeling the term structure of interest rates. The main contribution of this dissertation is a new arbitrage-free term structure model that is applied in an empirical analysis of the US term structure.

  15. An econometric model of the U.S. pallet market

    Science.gov (United States)

    Albert T. Schuler; Walter B. Wallin

    1979-01-01

    A need for quantitative information on demand and price has been expressed by the pallet industry. In response to this, an econometric model of the aggregate U.S. pallet market was developed. Demand was found to be affected by real pallet price, industrial and food production levels, and slipsheet prices. Supply was affected by real price, housing starts lagged 1 year...

  16. Behavioral Econometrics for Psychologists

    DEFF Research Database (Denmark)

    Andersen, Steffen; Harrison, Glenn W.; Lau, Morten

    We make the case that psychologists should make wider use of structural econometric methods. These methods involve the development of maximum likelihood estimates of models, where the likelihood function is tailored to the structural model. In recent years these models have been developed...

  17. Applied econometrics with R

    CERN Document Server

    Kleiber, Christian

    2008-01-01

    Offers an introduction to the R system for users with a background in economics. This book covers a variety of regression models, regression diagnostics and robustness issues, the nonlinear models of microeconomics, time series and time series econometrics.

  18. Econometric models of power prices. An approach to market monitoring in the Western US

    International Nuclear Information System (INIS)

    Barmack, Matthew; Kahn, Edward; Tierney, Susan; Goldman, Charles

    2008-01-01

    Given the limitations of data and resources available for market monitoring in electricity markets where regional transmission organizations (RTO) do not exist, we argue that econometric models of power prices could provide a useful screening tool for market monitoring. To explore its feasibility, we developed several econometric models of power prices at two major trading hubs in the West: Palo Verde and Mid-Columbia. We show that our models explain a large portion of the variation in power prices in Palo Verde and can establish a benchmark that can be used to identify outlier prices that are potentially the result of anti-competitive behavior. (author)

  19. Econometric Model – A Tool in Financial Management

    Directory of Open Access Journals (Sweden)

    Riana Iren RADU

    2011-06-01

    Full Text Available The economic situation in Romania requires from the trader a rigorous analysis of vulnerabilities and opportunities offered by the external environment and a careful analysis of internal environmental conditions in which the entity operates. In this context particular attention is paid to indicators presented in the financial statements. Many times they are a model for economic forecasts, future plans, basic business and businesses that use them with a good forecasting activity. In this paper we propose to analyze the comparative evolution of the main financial indicators highlighted in financial statements (profit and loss through a multi-equation econometric model, namely dynamic Keynesian model.

  20. An Applied Physicist Does Econometrics

    Science.gov (United States)

    Taff, L. G.

    2010-02-01

    The biggest problem those attempting to understand econometric data, via modeling, have is that economics has no F = ma. Without a theoretical underpinning, econometricians have no way to build a good model to fit observations to. Physicists do, and when F = ma failed, we knew it. Still desiring to comprehend econometric data, applied economists turn to mis-applying probability theory---especially with regard to the assumptions concerning random errors---and choosing extremely simplistic analytical formulations of inter-relationships. This introduces model bias to an unknown degree. An applied physicist, used to having to match observations to a numerical or analytical model with a firm theoretical basis, modify the model, re-perform the analysis, and then know why, and when, to delete ``outliers'', is at a considerable advantage when quantitatively analyzing econometric data. I treat two cases. One is to determine the household density distribution of total assets, annual income, age, level of education, race, and marital status. Each of these ``independent'' variables is highly correlated with every other but only current annual income and level of education follow a linear relationship. The other is to discover the functional dependence of total assets on the distribution of assets: total assets has an amazingly tight power law dependence on a quadratic function of portfolio composition. Who knew? )

  1. Econometric modeling of health care costs and expenditures: a survey of analytical issues and related policy considerations.

    Science.gov (United States)

    Mullahy, John

    2009-07-01

    Econometric modeling of healthcare costs and expenditures has become an important component of decision-making across a wide array of real-world settings. The objective of this article is to provide a brief summary of important conceptual and analytical issues involved in econometric healthcare cost modeling. To this end, the article explores: outcome measures typically analyzed in such work; the decision maker's perspective in econometric cost modeling exercises; specific analytical issues in econometric model specification; statistical goodness-of-fit testing; empirical implications of "upper tail" (or "high cost") phenomena; and issues relating to the reporting of findings. Some of the concepts explored here are illustrated in light of samples drawn from the 2005 Medical Expenditure Panel Survey and the 2005 Nationwide Inpatient Sample. Analysts of healthcare cost data have at their disposal an increasingly sophisticated tool kit for analyzing such data that can in principle and in fact yield increasingly interesting insights into data structures. Yet for such analyses to usefully inform policy decisions, the manner in which such studies are designed, undertaken, and reported must accommodate considerations relevant to the decision-making community. The article concludes with some preliminary thoughts on how such bridges might be constructed.

  2. Econometric Methodology of Monopolization Process Evaluation

    Directory of Open Access Journals (Sweden)

    Dmitrijs Skoruks

    2014-06-01

    Full Text Available The research “Econometric Methodology of Monopolization Process Evaluation” gives a perspective description of monopolization process’ nature, occurrence source, development procedure and internal conjuncture specifics, as well as providing an example of modern econometrical method application within a unified framework of market competition analysis for the purpose of conducting a quantitative competition evaluation on an industry level for practical use in both private and public sectors. The main question of the aforementioned research is the definition and quantitative analysis of monopolization effects in modern day globalized markets, while con- structing an empirical model of the econometric analysis, based on the use of in- ternational historical experience of monopoly formations standings, with the goal of introducing a further development scheme for the use of both econometrical and statistical instruments in line with the forecasting and business research need of enterprises and regulatory functions of the public sector. The current research uses a vast variety of monopolization evaluation ratios and their econometrical updates on companies that are involved in the study procedure in order to detect and scallar measure their market monopolizing potential, based on the implemented acquired market positions, turnover shares and competition policies.

  3. Integer-valued Lévy processes and low latency financial econometrics

    DEFF Research Database (Denmark)

    Barndorff-Nielsen, Ole; Pollard, David G.; Shephard, Neil

    Motivated by features of low latency data in financial econometrics we study in detail integervalued Lévy processes as the basis of price processes for high frequency econometrics. We propose using models built out of the difference of two subordinators. We apply these models in practice to low...... latency data for a variety of different types of futures contracts.futures markets, high frequency econometrics, low latency data, negative binomial, Skellam, tempered stable...

  4. Factors influencing crime rates: an econometric analysis approach

    Science.gov (United States)

    Bothos, John M. A.; Thomopoulos, Stelios C. A.

    2016-05-01

    The scope of the present study is to research the dynamics that determine the commission of crimes in the US society. Our study is part of a model we are developing to understand urban crime dynamics and to enhance citizens' "perception of security" in large urban environments. The main targets of our research are to highlight dependence of crime rates on certain social and economic factors and basic elements of state anticrime policies. In conducting our research, we use as guides previous relevant studies on crime dependence, that have been performed with similar quantitative analyses in mind, regarding the dependence of crime on certain social and economic factors using statistics and econometric modelling. Our first approach consists of conceptual state space dynamic cross-sectional econometric models that incorporate a feedback loop that describes crime as a feedback process. In order to define dynamically the model variables, we use statistical analysis on crime records and on records about social and economic conditions and policing characteristics (like police force and policing results - crime arrests), to determine their influence as independent variables on crime, as the dependent variable of our model. The econometric models we apply in this first approach are an exponential log linear model and a logit model. In a second approach, we try to study the evolvement of violent crime through time in the US, independently as an autonomous social phenomenon, using autoregressive and moving average time-series econometric models. Our findings show that there are certain social and economic characteristics that affect the formation of crime rates in the US, either positively or negatively. Furthermore, the results of our time-series econometric modelling show that violent crime, viewed solely and independently as a social phenomenon, correlates with previous years crime rates and depends on the social and economic environment's conditions during previous years.

  5. Convolution copula econometrics

    CERN Document Server

    Cherubini, Umberto; Mulinacci, Sabrina

    2016-01-01

    This book presents a novel approach to time series econometrics, which studies the behavior of nonlinear stochastic processes. This approach allows for an arbitrary dependence structure in the increments and provides a generalization with respect to the standard linear independent increments assumption of classical time series models. The book offers a solution to the problem of a general semiparametric approach, which is given by a concept called C-convolution (convolution of dependent variables), and the corresponding theory of convolution-based copulas. Intended for econometrics and statistics scholars with a special interest in time series analysis and copula functions (or other nonparametric approaches), the book is also useful for doctoral students with a basic knowledge of copula functions wanting to learn about the latest research developments in the field.

  6. Empirical spatial econometric modelling of small scale neighbourhood

    Science.gov (United States)

    Gerkman, Linda

    2012-07-01

    The aim of the paper is to model small scale neighbourhood in a house price model by implementing the newest methodology in spatial econometrics. A common problem when modelling house prices is that in practice it is seldom possible to obtain all the desired variables. Especially variables capturing the small scale neighbourhood conditions are hard to find. If there are important explanatory variables missing from the model, the omitted variables are spatially autocorrelated and they are correlated with the explanatory variables included in the model, it can be shown that a spatial Durbin model is motivated. In the empirical application on new house price data from Helsinki in Finland, we find the motivation for a spatial Durbin model, we estimate the model and interpret the estimates for the summary measures of impacts. By the analysis we show that the model structure makes it possible to model and find small scale neighbourhood effects, when we know that they exist, but we are lacking proper variables to measure them.

  7. Econometric model for age- and population-dependent radiation exposures

    International Nuclear Information System (INIS)

    Sandquist, G.M.; Slaughter, D.M.; Rogers, V.C.

    1991-01-01

    The economic impact associated with ionizing radiation exposures in a given human population depends on numerous factors including the individual's mean economic status as a function age, the age distribution of the population, the future life expectancy at each age, and the latency period for the occurrence of radiation-induced health effects. A simple mathematical model has been developed that provides an analytical methodology for estimating the societal econometrics associated with radiation effects are to be assessed and compared for economic evaluation

  8. Micro Econometric Modelling of Household Energy Use

    DEFF Research Database (Denmark)

    Leth-Petersen, Søren

    2002-01-01

    Presents a micro econometric analysis of household electricity and natural gas demand for Danish households observed in 1996. Dependence between demand for gas and demand for electricity; Separability of demand for gas from demand for electricity; Relation between energy consumption and the age...

  9. An econometric model on bilateral trade in education using an augmented gravity model

    Directory of Open Access Journals (Sweden)

    Christina Tay

    2014-05-01

    Full Text Available Purpose: Trade in education has become one of the most important trades for many economies. Yet, studies of education as a trade are scant owing to the conventional view of it being non-tradable. The purpose of this paper is to econometrically investigate trade in education using a nexus of international trade theories and the gravity model, one of the most widely used models in international trade in goods that has been scantly investigated on in studies on trade in education.Design/methodology/approach: A panel data analysis is broken down for 21 exporting countries and 50 importing countries, covering 1050 observations using new UNESCO database. A number of determinants of international trade including wealth of exporter & importer, domestic capacity of exporter & importer, transport costs, common religion, common language and trade restrictiveness of the importer are empirically tested on bilateral trade flows in education. An econometric model is formulated to test determinants of trade in education using an augmented gravity model.Findings: The augmented gravity model used in this study explains with high significance the determinants of trade in education including wealth of exporter & importer, domestic capacity of exporter & importer, transport costs, common religion, common language and trade restrictiveness of the importer.Research limitations/implications: Taking a macroscopic view of education as a trade may give us a myopic view of the elements important to determine what students or parents of students as well as institutions are concerned with. Nevertheless, the nexus of international trade theories and the gravity model used in this study that are largely and traditionally used on trade in goods and services, but scantly used in trade in education have been found to be highly significant and relevant in trade in education. Future studies on macro-level of analysis involving trade in education could include other determinants of

  10. An alternative to the standard spatial econometric approaches in hedonic house price models

    DEFF Research Database (Denmark)

    von Graevenitz, Kathrine; Panduro, Toke Emil

    2015-01-01

    Omitted, misspecified, or mismeasured spatially varying characteristics are a cause for concern in hedonic house price models. Spatial econometrics or spatial fixed effects have become popular ways of addressing these concerns. We discuss the limitations of standard spatial approaches to hedonic...

  11. Robustness in econometrics

    CERN Document Server

    Sriboonchitta, Songsak; Huynh, Van-Nam

    2017-01-01

    This book presents recent research on robustness in econometrics. Robust data processing techniques – i.e., techniques that yield results minimally affected by outliers – and their applications to real-life economic and financial situations are the main focus of this book. The book also discusses applications of more traditional statistical techniques to econometric problems. Econometrics is a branch of economics that uses mathematical (especially statistical) methods to analyze economic systems, to forecast economic and financial dynamics, and to develop strategies for achieving desirable economic performance. In day-by-day data, we often encounter outliers that do not reflect the long-term economic trends, e.g., unexpected and abrupt fluctuations. As such, it is important to develop robust data processing techniques that can accommodate these fluctuations.

  12. Demand for natural gas: residential and commercial markets in Ontario and British Columbia. [Econometric-model analysis

    Energy Technology Data Exchange (ETDEWEB)

    Berndt, E R [Univ. of British Columbia, Vancouver; Watkins, G C

    1977-02-01

    An econometric model is used to project natural gas demand in the residential and commercial market sectors. The model specification is a generalization of one developed by Balestra and Nerlove (Econometrica, 34: 585-612(1966)). Demand that is potentially variable because it is not committed to past investments (flexibe demand) is distinguished from demand that is inflexible because it is tied to existing equipment stocks (captive demand). Attention is focused on the effect of temperature variations on gas demand. The nonlinear equation system is estimated by a maximum-likelihood method, using annual data for British Columbia and Ontario during the period of 1959 to 1974. Results show that only in the long run does price have a significant impact on demand. The model is applicable for medium-term policy simulation, but is limited to natural gas fuel. 15 references.

  13. Econometrics in R: Past, Present, and Future

    Directory of Open Access Journals (Sweden)

    Achim Zeileis

    2008-07-01

    Full Text Available Recently, computational methods and software have been receiving more attention in the econometrics literature, emphasizing that they are integral components of modern econometric research. This has also promoted the development of many new econometrics software packages written in R and made available on the Comprehensive R Archive Network. This special volume on "Econometrics in R" features a selection of these recent activities that includes packages for econometric analysis of cross-section, time series and panel data. This introduction to the special volume highlights the contents of the contributions and embeds them into a brief overview of other past, present, and future projects for econometrics in R.

  14. Modelling internal migration in Kenya: an econometric analysis with limited data.

    Science.gov (United States)

    Barber, G M; Milne, W J

    1988-09-01

    "In this paper the determinants of internal migration in Kenya are analyzed on the basis of a human capital model. Explanatory variables included in the specification are both economic (wage rates and employment rates) and noneconomic (for example, population density and educational attainment). Also incorporated are variables which reflect intervening opportunities.... The econometric results show that destination variables are important determinants of internal migration, as is distance between the districts. Further, the variables for the intervening opportunities add significantly to the explanatory power of the model." excerpt

  15. ECONOMETRIC METHODS AND MODELS USED IN THE ANALYSIS OF THE FACTORIAL INFLUENCE OF THE GROSS DOMESTIC PRODUCT GROWTH

    Directory of Open Access Journals (Sweden)

    Constantin ANGHELACHE

    2017-06-01

    Full Text Available Gross Domestic Product is the most representative synthetic indicator that expresses the evolution of the national economy. This macroeconomic indicator is used in the analysis of the level of the national economy, as well as the dynamic evolution of the national economy. In the forecast studies we rely on GDP evolution. In these situations, we might identify the factors of economic growth, and their influence. On the evolution of GDP have influence some factors: employees, labour productivity, the level of technology, investments and foreign direct investment, imports, exports or net exports, total consumption, and so on. We can analyze the data series and graphical representation. Detailed analysis is performed using econometric methods, parameters which express interdependence, meaning and intensity of correlation. Thus, we estimate the economic developments. The authors studied and proposed some econometric models for the analysis of economic growth/forecast. The novelty is that we adapt some econometric models to macroeconomic analysis.

  16. A national econometric forecasting model of the dental sector.

    Science.gov (United States)

    Feldstein, P J; Roehrig, C S

    1980-01-01

    The Econometric Model of the the Dental Sector forecasts a broad range of dental sector variables, including dental care prices; the amount of care produced and consumed; employment of hygienists, dental assistants, and clericals; hours worked by dentists; dental incomes; and number of dentists. These forecasts are based upon values specified by the user for the various factors which help determine the supply an demand for dental care, such as the size of the population, per capita income, the proportion of the population covered by private dental insurance, the cost of hiring clericals and dental assistants, and relevant government policies. In a test of its reliability, the model forecast dental sector behavior quite accurately for the period 1971 through 1977. PMID:7461974

  17. Essays on nonparametric econometrics of stochastic volatility

    NARCIS (Netherlands)

    Zu, Y.

    2012-01-01

    Volatility is a concept that describes the variation of financial returns. Measuring and modelling volatility dynamics is an important aspect of financial econometrics. This thesis is concerned with nonparametric approaches to volatility measurement and volatility model validation.

  18. Frontiers in Time Series and Financial Econometrics

    OpenAIRE

    Ling, S.; McAleer, M.J.; Tong, H.

    2015-01-01

    __Abstract__ Two of the fastest growing frontiers in econometrics and quantitative finance are time series and financial econometrics. Significant theoretical contributions to financial econometrics have been made by experts in statistics, econometrics, mathematics, and time series analysis. The purpose of this special issue of the journal on “Frontiers in Time Series and Financial Econometrics” is to highlight several areas of research by leading academics in which novel methods have contrib...

  19. Moment Restriction-based Econometric Methods: An Overview

    NARCIS (Netherlands)

    N. Kunitomo (Naoto); M.J. McAleer (Michael); Y. Nishiyama (Yoshihiko)

    2010-01-01

    textabstractMoment restriction-based econometric modelling is a broad class which includes the parametric, semiparametric and nonparametric approaches. Moments and conditional moments themselves are nonparametric quantities. If a model is specified in part up to some finite dimensional parameters,

  20. Entropy Econometrics for combining regional economic forecasts: A Data-Weighted Prior Estimator

    Science.gov (United States)

    Fernández-Vázquez, Esteban; Moreno, Blanca

    2017-10-01

    Forecast combination has been studied in econometrics for a long time, and the literature has shown the superior performance of forecast combination over individual predictions. However, there is still controversy on which is the best procedure to specify the forecast weights. This paper explores the possibility of using a procedure based on Entropy Econometrics, which allows setting the weights for the individual forecasts as a mixture of different alternatives. In particular, we examine the ability of the Data-Weighted Prior Estimator proposed by Golan (J Econom 101(1):165-193, 2001) to combine forecasting models in a context of small sample sizes, a relative common scenario when dealing with time series for regional economies. We test the validity of the proposed approach using a simulation exercise and a real-world example that aims at predicting gross regional product growth rates for a regional economy. The forecasting performance of the Data-Weighted Prior Estimator proposed is compared with other combining methods. The simulation results indicate that in scenarios of heavily ill-conditioned datasets the approach suggested dominates other forecast combination strategies. The empirical results are consistent with the conclusions found in the numerical experiment.

  1. Frontiers in Time Series and Financial Econometrics : An overview

    NARCIS (Netherlands)

    S. Ling (Shiqing); M.J. McAleer (Michael); H. Tong (Howell)

    2015-01-01

    markdownabstract__Abstract__ Two of the fastest growing frontiers in econometrics and quantitative finance are time series and financial econometrics. Significant theoretical contributions to financial econometrics have been made by experts in statistics, econometrics, mathematics, and time

  2. Frontiers in Time Series and Financial Econometrics: An Overview

    NARCIS (Netherlands)

    S. Ling (Shiqing); M.J. McAleer (Michael); H. Tong (Howell)

    2015-01-01

    markdownabstract__Abstract__ Two of the fastest growing frontiers in econometrics and quantitative finance are time series and financial econometrics. Significant theoretical contributions to financial econometrics have been made by experts in statistics, econometrics, mathematics, and time

  3. A hybrid society model for simulating residential electricity consumption

    International Nuclear Information System (INIS)

    Xu, Minjie; Hu, Zhaoguang; Wu, Junyong; Zhou, Yuhui

    2008-01-01

    In this paper, a hybrid social model of econometric model and social influence model is proposed for evaluating the influence of pricing policy and public education policy on residential habit of electricity using in power resources management. And, a hybrid society simulation platform based on the proposed model, called residential electricity consumption multi-agent systems (RECMAS), is designed for simulating residential electricity consumption by multi-agent system. RECMAS is composed of consumer agent, power supplier agent, and policy maker agent. It provides the policy makers with a useful tool to evaluate power price policies and public education campaigns in different scenarios. According to an influenced diffusion mechanism, RECMAS can simulate the residential electricity demand-supply chain and analyze impacts of the factors on residential electricity consumption. Finally, the proposed method is used to simulate urban residential electricity consumption in China. (author)

  4. A hybrid society model for simulating residential electricity consumption

    Energy Technology Data Exchange (ETDEWEB)

    Xu, Minjie [School of Electrical Engineering, Beijing Jiaotong University, Beijing (China); State Power Economic Research Institute, Beijing (China); Hu, Zhaoguang [State Power Economic Research Institute, Beijing (China); Wu, Junyong; Zhou, Yuhui [School of Electrical Engineering, Beijing Jiaotong University, Beijing (China)

    2008-12-15

    In this paper, a hybrid social model of econometric model and social influence model is proposed for evaluating the influence of pricing policy and public education policy on residential habit of electricity using in power resources management. And, a hybrid society simulation platform based on the proposed model, called residential electricity consumption multi-agent systems (RECMAS), is designed for simulating residential electricity consumption by multi-agent system. RECMAS is composed of consumer agent, power supplier agent, and policy maker agent. It provides the policy makers with a useful tool to evaluate power price policies and public education campaigns in different scenarios. According to an influenced diffusion mechanism, RECMAS can simulate the residential electricity demand-supply chain and analyze impacts of the factors on residential electricity consumption. Finally, the proposed method is used to simulate urban residential electricity consumption in China. (author)

  5. Forecasting the EMU inflation rate: Linear econometric vs. non-linear computational models using genetic neural fuzzy systems

    DEFF Research Database (Denmark)

    Kooths, Stefan; Mitze, Timo Friedel; Ringhut, Eric

    2004-01-01

    This paper compares the predictive power of linear econometric and non-linear computational models for forecasting the inflation rate in the European Monetary Union (EMU). Various models of both types are developed using different monetary and real activity indicators. They are compared according...

  6. Econometric methods for energy planning and policy

    International Nuclear Information System (INIS)

    Bhatia, R.

    1989-01-01

    The paper reports on the following: econometric models are often used in energy planning and policy for energy demand analysis at the macro and sectorial levels; estimating income and price elasticities of demand which can be used to analyze effects of growth and price changes; assessing interfuel and interfactor substitutions; forecasting energy demand; and estimating cost functions and forecasting supply. The illustrations in the paper are confined to single equation systems estimated by least squares method as used in analyzing changes in aggregate energy demand and sectorial energy demand. The use of econometric methods is illustrated with the help of empirical studies from a few countries (notably India). 2 tabs

  7. Petroleum products price interactions on the world markets: an econometric analysis

    International Nuclear Information System (INIS)

    Maack, Laetitia de; Lantz, Frederic

    2012-09-01

    This study examines the relationship between crude oil and petroleum products prices in the European, Asian and North American markets. We develop an econometric model, based on the long term equilibrium between the prices, which takes into account the changes in the oil product demand trends. We explain price behaviors by the impact of the demand trends. Because the refining industry which transforms crude into petroleum products is a joint product industry, petroleum product pricing is affected by demand trends both in terms of quality and quantity. Consequently, the long term equilibrium between prices, estimated through a co-integration approach, are affected by several structural breaks. We also develop a panel econometric model which simultaneously takes into account the relative prices of ail world products towards one crude. Finally, the different results are compared to the marginal costs derived from an oil refining optimization model. This econometric modeling approach enables a better understanding of the long term equilibrium between prices of petroleum products and crude. (authors)

  8. An alternative to the standard spatial econometric approaches in hedonic house price models

    DEFF Research Database (Denmark)

    Veie, Kathrine Lausted; Panduro, Toke Emil

    Hedonic models are subject to spatially correlated errors which are a symptom of omitted spatial variables, mis-specification or mismeasurement. Methods have been developed to address this problem through the use of spatial econometrics or spatial fixed effects. However, often spatial correlation is...... varying characteristics markedly. This suggests that omitted variable bias may remain an important problem. We advocate for an increased use of sensitivity analysis to determine robustness of estimates to different models of the (omitted) spatial processes....

  9. Econometric analysis and energy substitution

    International Nuclear Information System (INIS)

    Phillips, G.J.

    1981-09-01

    As part of its long-term assessment of new applications for nuclear energy, AECL is becoming acquainted with the techniques of mathematical modelling as used in the areas of energy and economics. Early in 1980, a contract was arranged with DataMetrics Limited of Calgary to prepare an econometric model of the manufacturing sector for Ontario, and to provide AECL with all the information necessary to understand the theory, derivation, and use of the model. This report summarizes the results of this exercise

  10. Parameterized examination in econometrics

    Science.gov (United States)

    Malinova, Anna; Kyurkchiev, Vesselin; Spasov, Georgi

    2018-01-01

    The paper presents a parameterization of basic types of exam questions in Econometrics. This algorithm is used to automate and facilitate the process of examination, assessment and self-preparation of a large number of students. The proposed parameterization of testing questions reduces the time required to author tests and course assignments. It enables tutors to generate a large number of different but equivalent dynamic questions (with dynamic answers) on a certain topic, which are automatically assessed. The presented methods are implemented in DisPeL (Distributed Platform for e-Learning) and provide questions in the areas of filtering and smoothing of time-series data, forecasting, building and analysis of single-equation econometric models. Questions also cover elasticity, average and marginal characteristics, product and cost functions, measurement of monopoly power, supply, demand and equilibrium price, consumer and product surplus, etc. Several approaches are used to enable the required numerical computations in DisPeL - integration of third-party mathematical libraries, developing our own procedures from scratch, and wrapping our legacy math codes in order to modernize and reuse them.

  11. Econometric modelling of certain nuclear power systems based on thermal and fast breeder reactors

    International Nuclear Information System (INIS)

    Pavelescu, M.; Pioaru, C.; Ursu, I.

    1988-01-01

    Certain known economic analysis models for a LMFBR fast breeder and CANDU thermal solitary reactors are presented, based on the concepts of discounting and levelization. These models are subsequently utilized as a basis for establishing an original model for the econometric analysis of certain thermal reactor systems or/and fast breeder reactors. Case studies are subsequently conducted with the systems: 1-CANDU, 2-LMFBR, 3-CANDU + LMFBR which enables us to draw certain interesting conclusions for a long range nuclear power policy. (author)

  12. ECONOMETRIC APPROACH TO DIFFERENCE EQUATIONS MODELING OF EXCHANGE RATES CHANGES

    Directory of Open Access Journals (Sweden)

    Josip Arnerić

    2010-12-01

    Full Text Available Time series models that are commonly used in econometric modeling are autoregressive stochastic linear models (AR and models of moving averages (MA. Mentioned models by their structure are actually stochastic difference equations. Therefore, the objective of this paper is to estimate difference equations containing stochastic (random component. Estimated models of time series will be used to forecast observed data in the future. Namely, solutions of difference equations are closely related to conditions of stationary time series models. Based on the fact that volatility is time varying in high frequency data and that periods of high volatility tend to cluster, the most successful and popular models in modeling time varying volatility are GARCH type models and their variants. However, GARCH models will not be analyzed because the purpose of this research is to predict the value of the exchange rate in the levels within conditional mean equation and to determine whether the observed variable has a stable or explosive time path. Based on the estimated difference equation it will be examined whether Croatia is implementing a stable policy of exchange rates.

  13. Pathways to a low-carbon economy for the UK with the macro-econometric E3MG model

    International Nuclear Information System (INIS)

    Dagoumas, A.S.; Barker, T.S.

    2010-01-01

    This paper examines different carbon pathways for achieving deep CO 2 reduction targets for the UK using a macro-econometric hybrid model E3MG, which stands for Energy-Economy-Environment Model at the Global level. The E3MG, with the UK as one of its regions, combines a top-down approach for modeling the global economy and for estimating the aggregate and disaggregate energy demand and a bottom-up approach (Energy Technology subModel, ETM) for simulating the power sector, which then provides feedback to the energy demand equations and the whole economy. The ETM submodel uses a probabilistic approach and historical data for estimating the penetration levels of the different technologies, considering their economic, technical and environmental characteristics. Three pathway scenarios (CFH, CLC and CAM) simulate the CO 2 reduction by 40%, 60% and 80% by 2050 compared to 1990 levels respectively and are compared with a reference scenario (REF), with no reduction target. The targets are modeled as the UK contribution to an international mitigation effort, such as achieving the G8 reduction targets, which is a more realistic political framework for the UK to move towards deep reductions rather than moving alone. This paper aims to provide modeling evidence that deep reduction targets can be met through different carbon pathways while also assessing the macroeconomic effects of the pathways on GDP and investment.

  14. Econometric Forecasting Models for Air Traffic Passenger of Indonesia

    Directory of Open Access Journals (Sweden)

    Viktor Suryan

    2017-01-01

    Full Text Available One of the major benefits of the air transport services operating in bigger countries is the fact that they provide a vital social economic linkage. This study is an attempt to establish the determinants of the passenger air traffic in Indonesia. The main objective of the study is to determine the economic variables that affect the number of airline passengers using the econometrics model of projection with an emphasis on the use of panel data and to determine the economic variables that affect the number of airline passengers using the econometrics model of projection with an emphasis on the use of time series data. This research also predicts the upcoming number of air traffic passenger until 2030. Air transportation and the economic activity in a country are interdependent. This work first uses the data at the country level and then at the selected airport level for review. The methodology used in this study has adopted the study for both normal regression and panel data regression techniques. Once all these steps are performed, the final equation is taken up for the forecast of the passenger inflow data in the Indonesian airports. To forecast the same, the forecasted numbers of the GDP (Gross Domestic Product and population (independent variables were chosen as a part of the literature review exercise are used. The result of this study shows the GDP per capita have significant related to a number of passengers which the elasticity 2.23 (time-series data and 1.889 for panel data. The exchange rate variable is unrelated to a number of passengers as shown in the value of elasticity. In addition, the total of population gives small value for the elasticity. Moreover, the number of passengers is also affected by the dummy variable (deregulation. With three scenarios: low, medium and high for GDP per capita, the percentage of growth for total number of air traffic passenger from the year 2015 to 2030 is 199.3%, 205.7%, and 320.9% respectively.

  15. An econometric study on China's economy, energy and environment to the year 2030

    International Nuclear Information System (INIS)

    Li Zhidong

    2003-01-01

    An integrated econometric model consisting of macroeconomic sub-model, energy sub-model and environment sub-model was developed and used to perform a long-term simulation study for China. In the coming 30 years, the potential of GDP growth will be around 7% annually and the continuation of rapid economic growth could result in insurmountable difficulties for energy security, air protection, and CO 2 emission reductions. For the sustainable development, more comprehensive measures should be adopted, including improvements in energy efficiency, more rapid energy switching from coal to natural gas and renewable energy sources, imposing carbon tax, development of clean coal technology, establishment of strategic petroleum stockpiling, enforcement of air protection, etc

  16. The Econometric Procedures of Specific Transaction Identification

    Directory of Open Access Journals (Sweden)

    Doszyń Mariusz

    2017-06-01

    Full Text Available The paper presents the econometric procedures of identifying specific transactions, in which atypical conditions or attributes may occur. These procedures are based on studentized and predictive residuals of the accordingly specified econometric models. The dependent variable is a unit transactional price, and explanatory variables are both the real properties’ attributes and accordingly defined artificial binary variables. The utility of the proposed method has been verified by means of a real market data base. The proposed procedures can be helpful during the property valuation process, making it possible to reject real properties that are specific (both from the point of view of the transaction conditions and the properties’ attributes and, consequently, to select an appropriate set of similar attributes that are essential for the valuation process.

  17. Econometric Analysis of Financial Derivatives : An overview

    NARCIS (Netherlands)

    C-L. Chang (Chia-Lin); M.J. McAleer (Michael)

    2014-01-01

    markdownabstract__Abstract__ One of the fastest growing areas in empirical finance, and also one of the least rigorously analyzed, especially from a financial econometrics perspective, is the econometric analysis of financial derivatives, which are typically complicated and difficult to analyze.

  18. Econometric Analysis of Financial Derivatives: An Overview

    NARCIS (Netherlands)

    C-L. Chang (Chia-Lin); M.J. McAleer (Michael)

    2014-01-01

    markdownabstract__Abstract__ One of the fastest growing areas in empirical finance, and also one of the least rigorously analyzed, especially from a financial econometrics perspective, is the econometric analysis of financial derivatives, which are typically complicated and difficult to analyze.

  19. ECONOMETRIC MODEL OF FIRM’S VALUE IN LIQUID MARKET: CASE OF INDONESIA

    Directory of Open Access Journals (Sweden)

    Putu Agus Ardiana

    2012-11-01

    Full Text Available The research aims to investigate variables affecting Tobin’s Q which represents the value of public  companies listed on LQ45 Index on the Indonesia Stock Exchange by developing a  BLUE(Best Linear UnbiasedEstimators econometric model for cross-sectional data of 2007, 2008, and 2009 as well as panel data. The models vary across different data but there are important findings to note. Public companies listed  on LQ45 Index have experienced overliquidity problem during the period of observation leading to a decline in firm’s value. In addition, those public companies have low financial risk so they have chance to  increase their debts especially long-term debts.

  20. Causal inference in econometrics

    CERN Document Server

    Kreinovich, Vladik; Sriboonchitta, Songsak

    2016-01-01

    This book is devoted to the analysis of causal inference which is one of the most difficult tasks in data analysis: when two phenomena are observed to be related, it is often difficult to decide whether one of them causally influences the other one, or whether these two phenomena have a common cause. This analysis is the main focus of this volume. To get a good understanding of the causal inference, it is important to have models of economic phenomena which are as accurate as possible. Because of this need, this volume also contains papers that use non-traditional economic models, such as fuzzy models and models obtained by using neural networks and data mining techniques. It also contains papers that apply different econometric models to analyze real-life economic dependencies.

  1. Nonlinear dynamic simulation of optimal depletion of crude oil in the lower 48 United States

    International Nuclear Information System (INIS)

    Ruth, M.; Cleveland, C.J.

    1993-01-01

    This study combines the economic theory of optimal resource use with econometric estimates of demand and supply parameters to develop a nonlinear dynamic model of crude oil exploration, development, and production in the lower 48 United States. The model is simulated with the graphical programming language STELLA, for the years 1985 to 2020. The procedure encourages use of economic theory and econometrics in combination with nonlinear dynamic simulation to enhance our understanding of complex interactions present in models of optimal resource use. (author)

  2. Multi-criteria and econometric evaluation of dairy products

    Directory of Open Access Journals (Sweden)

    Karmen Pažek

    2014-05-01

    Full Text Available This study examined the multi-criteria assessment of four dairy products: “Pomursko mlejko” (Pomurje milk, “Lejko mleko” (light milk, “Fyto mleko” (Fyto milk and “Posneto mleko v prahu” (dried milk. The research was executed by using a multi-criteria methodology, DEX, which was complemented by an econometric analysis for light milk to estimate the trends in production and consumption before analyzed dairy products were implemented on the market. DEXi computer program results indicated that all analyzed milk products were ‘above average’. The econometric model was applied to examine changes in the demand for low-fat milk (light milk. Empirical results showed significant consumer re¬sponse to the increase in the prices of low-fat milk demonstrating income elasticity (1,15 unit.

  3. Econometric modeling of electricity consumption in post-war Lebanon

    International Nuclear Information System (INIS)

    Nasr, G.E.; Badr, E.A.; Dibeh, G.

    2000-01-01

    This paper applies econometric models to investigate determinants of electrical energy consumption in post-war Lebanon. The impact of the Gross Domestic Product (GDP), proxied by total imports (TI), and degree days (DD) on electricity consumption is investigated over different time spans covering the period from 1993 to 1997. The time spans are chosen according to the rationing level of electricity supply. For the 1993-1994 time span, TI is found to be a significant determinant of energy consumption, whereas, DD has a negative correlation. This inconsistency might be attributed to an extensive rationing policy followed during this period. For the 1995-1997 time span which includes reduced rationing period (1995), all electrical energy consumption determinants are found to be significant at the 5% significance level. Analysis results for the rationing free 1996-1997 time span also show the significance of TI and DD at the 5% level. Furthermore, cointegration analysis for the 1995-1997 and 1996-1997 subsets reveals the existence of a long-run relationship between all variables. In addition, error correction models for both subsets are developed to predict short-run dynamics. Finally, statistical performance measures such as mean square error, mean average deviation and mean average percentage error are presented for all models

  4. Econometric Model of Rice Policy Based On Presidential Instruction

    Science.gov (United States)

    Abadi Sembiring, Surya; Hutauruk, Julia

    2018-01-01

    The objective of research is to build an econometric model based on Presidential Instruction rice policy. The data was monthly time series from March 2005 to September 2009. Rice policy model specification using simultaneous equation, consisting of 14 structural equations and four identity equation, which was estimated using Two Stages Least Squares (2SLS) method. The results show that: (1) an increase of government purchasing price of dried harvest paddy has a positive impact on to increase in total rice production and community rice stock, (2) an increase community rice stock lead to decrease the rice imports, (3) an increase of the realization of the distribution of subsidized ZA fertilizers and the realization of the distribution of subsidized NPK fertilizers has a positive impact on to increase in total rice production and community rice stock and to reduce rice imports, (4) the price of the dried harvest paddy is highly responsive to the water content of dried harvest paddy both the short run and long run, (5) the quantity of rice imported is highly responsive to the imported rice price, both short run and long run.

  5. An econometric study on China's economy, energy and environment to the year 2030

    Energy Technology Data Exchange (ETDEWEB)

    Li ZhiDong [Nagaoka University of Technology, Nagaoka City (Japan). Dept. of Management and Information System Science

    2003-09-01

    An integrated econometric model named the 3Es-Model, consisting of macroeconomic sub-model, energy sub-model and environment sub-model was developed and used to perform a long-term simulation study for China. In the coming 30 years, the potential of GDP growth will be around 7% annually and the continuation of rapid economic growth could result in insurmountable difficulties for energy security, air protection, and CO{sub 2} emission reductions. For the sustainable development, more comprehensive measures should be adopted, including improvements in energy efficiency, more rapid energy switching from coal to natural gas and renewable energy sources, imposing carbon tax, development of clean coal technology, establishment of strategic petroleum stockpiling, enforcement of air protection, etc. 17 refs., 4 figs., 10 tabs.

  6. Predicting future forestland area: a comparison of econometric approaches.

    Science.gov (United States)

    SoEun Ahn; Andrew J. Plantinga; Ralph J. Alig

    2000-01-01

    Predictions of future forestland area are an important component of forest policy analyses. In this article, we test the ability of econometric land use models to accurately forecast forest area. We construct a panel data set for Alabama consisting of county and time-series observation for the period 1964 to 1992. We estimate models using restricted data sets-namely,...

  7. Carbon tax simulations using a household demand model

    International Nuclear Information System (INIS)

    Braennlund, Runar; Nordstroem, Jonas

    1999-01-01

    The main objective of this paper is to analyse consumer response due to changes in energy or environmental policy. To achieve the objective we formulate and estimate an econometric model for non-durable consumer demand in Sweden that utilises micro- as well as macro-data. The microeconomic model is conditional on male and female labour supply. A 100 percent increase of the Swedish CO 2 tax will, according to the simulations, result in an increased tax payment of SEK 630 or 0.7 percent of disposable income for the households with the lowest disposable incomes. The corresponding numbers for the richest households are SEK 990 and 0.3 percent 38 refs, 10 tabs

  8. Carbon tax simulations using a household demand model

    Energy Technology Data Exchange (ETDEWEB)

    Braennlund, Runar; Nordstroem, Jonas [Umeaa Univ. (Sweden). Dept. of Economics

    1999-11-01

    The main objective of this paper is to analyse consumer response due to changes in energy or environmental policy. To achieve the objective we formulate and estimate an econometric model for non-durable consumer demand in Sweden that utilises micro- as well as macro-data. The microeconomic model is conditional on male and female labour supply. A 100 percent increase of the Swedish CO{sub 2} tax will, according to the simulations, result in an increased tax payment of SEK 630 or 0.7 percent of disposable income for the households with the lowest disposable incomes. The corresponding numbers for the richest households are SEK 990 and 0.3 percent 38 refs, 10 tabs

  9. Carbon tax simulations using a household demand model

    Energy Technology Data Exchange (ETDEWEB)

    Braennlund, Runar; Nordstroem, Jonas [Umeaa Univ. (Sweden). Dept. of Economics

    1999-07-01

    The main objective of this paper is to analyse consumer response due to changes in energy or environmental policy. To achieve the objective we formulate and estimate an econometric model for non-durable consumer demand in Sweden that utilises micro- as well as macro-data. The microeconomic model is conditional on male and female labour supply. A 100 percent increase of the Swedish CO{sub 2} tax will, according to the simulations, result in an increased tax payment of SEK 630 or 0.7 percent of disposable income for the households with the lowest disposable incomes. The corresponding numbers for the richest households are SEK 990 and 0.3 percent 38 refs, 10 tabs.

  10. Econometrics Models for Copper Recovery: A Case Study of North Waziristan-Copper Deposits

    International Nuclear Information System (INIS)

    Ali, S.; Khan, M.M.

    2010-01-01

    Fourteen econometrics models have been developed to evaluate the effects of various flotation process variables like, Propyl xanthate (X/sub 1/g/tonne), pH (X/sub 2/,) Sodium Cyanide (X/sub 3/ g/tonne), Sodium sulphide (X/sub 4/ g/tonne), Frother (X/sub 5/ g/tonne), Pulp density (X/sub 6/ w/vol), and Conditioning time (X/sub 7/ minute) on the copper recovery YR North Waziristan-NWFP Pakistan. Ordinary Least Square OLS method has been applied as an analytical technique for regression analysis. It has been concluded in this study that model given in equation 7 is best model among all. This equation shows that with the increase of one unit of X/sub 1/, Y/sub R/ will increase 0.05 units keeping all other variables constant. (author)

  11. THE SIMON KUZNETS'S INFLUENCE ON THE DEVELOPMENT OF ECONOMETRICS AND ENVIRONMENTAL ECONOMICS

    Directory of Open Access Journals (Sweden)

    O. Chernyak

    2014-06-01

    Full Text Available S. Kuznets's empirical and theoretical researches of the economical growth and economical development, made in 1940 – 1960th, became a main source for upgrading the econometrical models of those processes. The ideas of S. Kuznets gave a beginning for two outstanding directions of the applied literature. The first one deals with the Kuznets's cycles, that have approximately 20 years length period. The second direction appeared after the Kuznets's hypothesis about the unequal allocation of income in a process of economical growth. Kuznets made an assumption, that this inequality growth first and then rolls off. This dependence was named "Kuznets curve". An appearance of new works is caused by creation of new econometrical methods and models (panel data, nonstationarity and by putting forward new theoretical explanations of the phenomenon. Similarly to the original Kuznets curve in the early 1990th "Environmental Kuznets curve" was suggested. After appearance of that concept plenty of econometrical researches were done. On our opinion, the Kuznets's scientific heritage includes great unsolved potential. The usage of this potential will promote a further progress of economical theory.

  12. Epistemological shell of the econometric findings

    Directory of Open Access Journals (Sweden)

    Madžar Ljubomir

    2005-01-01

    Full Text Available The paper is a continuation of the dialogue relating to the study cited as the first item in the reference list to this article. It contains further comments on that study as well as responses to the authors’ reply to the previously given comments, published in a special issue of the Ekonomski anali cited as the second item of the reference list. The principal issue of this exchange is the treatment of previous non-econometric work in the field of macroeconomic interrelationships and of the corresponding changes in the economy of Serbia. The postulate advanced in this text is the same as the one in the previous critical review of the study by Arsić et al. (2005a and consists in the statement that econometric analysis of empirical characteristics of the Serbian economy should respect and incorporate knowledge accumulated through the use of non-econometric techniques before the study was produced. Econometricians should do that by framing appropriately their maintained hypotheses, by selecting structural specification of the various relations in the model and through interpreting the results obtained in the form of econometric estimates. A number of critical observations are reiterated regarding the way some relations are structurally specified. Among such criticized relations are the model’s production function having imports as the only argument and the import function. Imports are judged as inappropriate in the role of the argument in the production function because they not only contribute to production through technological complementarities but also reduce it through the demand segment of the system, by capturing a good deal of domestic demand and stifling a number of sectors of domestic economy. Imports are financed, among other, by several ephemeral, short-lived sources such as donations, foreign indebtedness and privatization receipts. Imports are therefore not sustainable and their enormous increase within a limited time interval

  13. Waste production and regional growth of marine activities an econometric model.

    Science.gov (United States)

    Bramati, Maria Caterina

    2016-11-15

    Coastal regions are characterized by intense human activity and climatic pressures, often intensified by competing interests in the use of marine waters. To assess the effect of public spending on the regional economy, an econometric model is here proposed. Not only are the regional investment and the climatic risks included in the model, but also variables related to the anthropogenic pressure, such as population, economic activities and waste production. Feedback effects of economic and demographic expansion on the pollution of coastal areas are also considered. It is found that dangerous waste increases with growing shipping and transportation activities and with growing population density in non-touristic coastal areas. On the other hand, the amount of non-dangerous wastes increases with marine mining, defense and offshore energy production activities. However, lower waste production occurs in areas where aquaculture and touristic industry are more exploited, and accompanied by increasing regional investment in waste disposal. Copyright © 2016 Elsevier Ltd. All rights reserved.

  14. Parallelization Experience with Four Canonical Econometric Models Using ParMitISEM

    Directory of Open Access Journals (Sweden)

    Nalan Baştürk

    2016-03-01

    Full Text Available This paper presents the parallel computing implementation of the MitISEM algorithm, labeled Parallel MitISEM. The basic MitISEM algorithm provides an automatic and flexible method to approximate a non-elliptical target density using adaptive mixtures of Student-t densities, where only a kernel of the target density is required. The approximation can be used as a candidate density in Importance Sampling or Metropolis Hastings methods for Bayesian inference on model parameters and probabilities. We present and discuss four canonical econometric models using a Graphics Processing Unit and a multi-core Central Processing Unit version of the MitISEM algorithm. The results show that the parallelization of the MitISEM algorithm on Graphics Processing Units and multi-core Central Processing Units is straightforward and fast to program using MATLAB. Moreover the speed performance of the Graphics Processing Unit version is much higher than the Central Processing Unit one.

  15. SUSTAINING PADDY SELF-SUFFICIENCY AND LAND DEMANDS IN SABAH, MALAYSIA: A STRUCTURAL PADDY AND RICE ECONOMETRIC MODEL ANALYSIS

    Directory of Open Access Journals (Sweden)

    Wong Kelly_Kai_Seng

    2017-01-01

    Full Text Available The objective of this study is to construct an econometric commodity model in order to forecast the long term rice production performance of the state of Sabah, Malaysia. The baseline projection shows that the Sabah rice self-sufficiency is estimated to achieve approximately38% in the next 10 years due to the scarcity of the suitable land bank allocate for paddy cultivation. In order to achieve 60% of targeted rice self-sufficiency level (SSL, the size of land for paddy cultivation must be increased in Sabah. Based on the scenario simulation projection result, the expansion of paddy cultivation area will contribute a positively to the industrial rice production and consequently achieving the expected 60% of SSL by the end of 2024. In a nutshell, the state government of Sabah possess state autonomy on the land management, thus the state government plays a significant key role on promoting the local rice self-sufficiency level in the long-term period

  16. Credit Cycles: Econometric Analysis and Evidence for Russia

    Directory of Open Access Journals (Sweden)

    Nikita V. Artamonov

    2014-01-01

    Full Text Available One of the principal problem in contemporary macroeconomics is concerned with factors increasing or decreasing economic dynamics. The mainstream approach is based on neoclassical assumptions, but recently new approaches appear mostly based on new Keynesian concepts. In present time the influence of monetary market and credit instruments become more and more significant. Credit resources of banking and financial structures can affect and distort to reallocation of resources for national and even for global economic. In present paper an empiric and econometric analysis for some macroeconometric and monetary indices for Russian Federation is done. An econometrical models describing the influence of credit variables onto real GDP is estimated. It is shown that in short-term periods changes in credit variables do influence significantly onto GDP. It is shown that on short-term periods changes in money aggregate M2 brings influence (through credit variables onto national output. As well it is shown that changes in short-term interest rate brings significant negative influence onto real output. Impulse response functions for GDP on shocks of credit variables, monetary base and short-term interest rate are evaluated. For the present study of credit cycles and their impact to real business cycles statistical data (quarterly time series on the following factors for Russian Federation are collected: nominal and real GDP, monetary base M2, short-term interest rate, long-term interest rate (10-year treasuries bill rate, total debt outstanding. All time series are seasonally adjusted and collected for the period 2004 Q1 - 2013 Q2. All interest rates are adjusted for inflation (i.e. we deal with real interest rates. The investigation of long-term relationship for the factors under consideration are based on integration. It is important to note that in the present paper all econometric models are estimated on "pure" statistical data, while in many research

  17. Short-memory linear processes and econometric applications

    CERN Document Server

    Mynbaev, Kairat T

    2011-01-01

    This book serves as a comprehensive source of asymptotic results for econometric models with deterministic exogenous regressors. Such regressors include linear (more generally, piece-wise polynomial) trends, seasonally oscillating functions, and slowly varying functions including logarithmic trends, as well as some specifications of spatial matrices in the theory of spatial models. The book begins with central limit theorems (CLTs) for weighted sums of short memory linear processes. This part contains the analysis of certain operators in Lp spaces and their employment in the derivation of CLTs

  18. The impact of remittances on economic growth: An econometric model

    Directory of Open Access Journals (Sweden)

    Dietmar Meyer

    2017-05-01

    In other words, the econometric analysis will be based on those six remittance receiving countries. The paper is then to review the empirical literature devoted to the impact of remittances on economic growth, in order, to identify empirically if there are significant relationships between remittances and growth in these countries. The results suggest that remittances have a positive impact on growth and that this impact increases at higher levels of remittances relative to GDP.

  19. Informatics, Data Mining, Econometrics and Financial Economics: A Connection

    NARCIS (Netherlands)

    C-L. Chang (Chia-Lin); M.J. McAleer (Michael); W.-K. Wong (Wing-Keung)

    2015-01-01

    textabstractThis short communication reviews some of the literature in econometrics and financial economics that is related to informatics and data mining. We then discuss some of the research on econometrics and financial economics that could be extended to informatics and data mining beyond the

  20. Transportation and socioeconomic impacts of bypasses on communities : an integrated synthesis of panel data, multilevel, and spatial econometric models with case studies.

    Science.gov (United States)

    2011-09-21

    Title: Transportation and Socioeconomic Impacts of Bypasses on Communities: An Integrated Synthesis of Panel Data, Multilevel, and Spatial Econometric Models with Case Studies. The title used at the start of this project was Transportation and Soc...

  1. Much ado about two: reconsidering retransformation and the two-part model in health econometrics.

    Science.gov (United States)

    Mullahy, J

    1998-06-01

    In health economics applications involving outcomes (y) and covariates (x), it is often the case that the central inferential problems of interest involve E[y/x] and its associated partial effects or elasticities. Many such outcomes have two fundamental statistical properties: y > or = 0; and the outcome y = 0 is observed with sufficient frequency that the zeros cannot be ignored econometrically. This paper (1) describes circumstances where the standard two-part model with homoskedastic retransformation will fail to provide consistent inferences about important policy parameters; and (2) demonstrates some alternative approaches that are likely to prove helpful in applications.

  2. Empirical methods for modeling landscape change, ecosystem services, and biodiversity

    Science.gov (United States)

    David Lewis; Ralph. Alig

    2009-01-01

    The purpose of this paper is to synthesize recent economics research aimed at integrating discrete-choice econometric models of land-use change with spatially-explicit landscape simulations and quantitative ecology. This research explicitly models changes in the spatial pattern of landscapes in two steps: 1) econometric estimation of parcel-scale transition...

  3. Perspectives on econometric modelling to inform policy: a UK qualitative case study of minimum unit pricing of alcohol.

    Science.gov (United States)

    Katikireddi, Srinivasa V; Bond, Lyndal; Hilton, Shona

    2014-06-01

    Novel policy interventions may lack evaluation-based evidence. Considerations to introduce minimum unit pricing (MUP) of alcohol in the UK were informed by econometric modelling (the 'Sheffield model'). We aim to investigate policy stakeholders' views of the utility of modelling studies for public health policy. In-depth qualitative interviews with 36 individuals involved in MUP policy debates (purposively sampled to include civil servants, politicians, academics, advocates and industry-related actors) were conducted and thematically analysed. Interviewees felt familiar with modelling studies and often displayed detailed understandings of the Sheffield model. Despite this, many were uneasy about the extent to which the Sheffield model could be relied on for informing policymaking and preferred traditional evaluations. A tension was identified between this preference for post hoc evaluations and a desire for evidence derived from local data, with modelling seen to offer high external validity. MUP critics expressed concern that the Sheffield model did not adequately capture the 'real life' world of the alcohol market, which was conceptualized as a complex and, to some extent, inherently unpredictable system. Communication of modelling results was considered intrinsically difficult but presenting an appropriate picture of the uncertainties inherent in modelling was viewed as desirable. There was general enthusiasm for increased use of econometric modelling to inform future policymaking but an appreciation that such evidence should only form one input into the process. Modelling studies are valued by policymakers as they provide contextually relevant evidence for novel policies, but tensions exist with views of traditional evaluation-based evidence. © The Author 2013. Published by Oxford University Press on behalf of the European Public Health Association.

  4. Econometric model of intraurban location of emitters and receptors of industrial air pollution

    Energy Technology Data Exchange (ETDEWEB)

    Santini, D. J.; Braid, R.

    1977-02-01

    An econometric model of air pollution for an intraurban location (the Chicago area) is constructed and estimated. The model treats employment and population as simultaneously determined. Exogenous variables are selected to represent transportation infrastructure investments resulting primarily from federal and state decisions. The exogenous variables account for the relative services provided by highways, commuter railroads, rail rapid transit, waterways, and airports. The employment location equations appear to be considerably more successful than those in previous studies. These equations indicate that waterway availability constrains the locational options of most major industrial air polluters; that highway accessibility is a more influential factor in industrial than services location choices; that rail rapid transit accessibility is more important to services than industrial locations; and that major airports attract light industrial development. The success of the employment location equations reflects the importance of disaggregating intraurban modes of transport and of adding to urban location models the local effects of interurban modes of transport such as water and air.

  5. Econometrics

    International Nuclear Information System (INIS)

    Henry, C.

    1988-01-01

    The 1988 progress report of the Econometrics laboratory (Polytechnic School, France), is presented. Microeconomy is the main research field of the Center. The applications involve the market organization, the national development, the natural resources and the education. One of the research topics is the development of theorems which allow a relationship between economic equilibrium and optimization, for the increasing efficiency economies. Concerning industrial economy, the investigations are also based on the in situ studies and on the socio-economic factors. The research projects include land selling transactions and public regulation activities, the environment management and the obtention of educational means. The published papers, the congress communications and the thesis, are listed [fr

  6. Econometric Methods within Romanian Quarterly National Accounts

    Directory of Open Access Journals (Sweden)

    Livia Marineta Drăguşin

    2013-04-01

    Full Text Available The aim of the present paper is to synthesise the main econometric methods (including the mathematical and statistical ones used in the Romanian Quarterly National Accounts compilation, irrespectively of Quarterly Gross Domestic Product (QGDP. These methods are adapted for a fast manner to operatively provide information about the country macroeconomic evolution to interested users. In this context, the mathematical and econometric methods play an important role in obtaining quarterly accounts valued in current prices and in constant prices, in seasonal adjustments and flash estimates of QGDP.

  7. The Use of Nonparametric Kernel Regression Methods in Econometric Production Analysis

    DEFF Research Database (Denmark)

    Czekaj, Tomasz Gerard

    and nonparametric estimations of production functions in order to evaluate the optimal firm size. The second paper discusses the use of parametric and nonparametric regression methods to estimate panel data regression models. The third paper analyses production risk, price uncertainty, and farmers' risk preferences...... within a nonparametric panel data regression framework. The fourth paper analyses the technical efficiency of dairy farms with environmental output using nonparametric kernel regression in a semiparametric stochastic frontier analysis. The results provided in this PhD thesis show that nonparametric......This PhD thesis addresses one of the fundamental problems in applied econometric analysis, namely the econometric estimation of regression functions. The conventional approach to regression analysis is the parametric approach, which requires the researcher to specify the form of the regression...

  8. Automatic generation of Fortran programs for algebraic simulation models

    International Nuclear Information System (INIS)

    Schopf, W.; Rexer, G.; Ruehle, R.

    1978-04-01

    This report documents a generator program by which econometric simulation models formulated in an application-orientated language can be transformed automatically in a Fortran program. Thus the model designer is able to build up, test and modify models without the need of a Fortran programmer. The development of a computer model is therefore simplified and shortened appreciably; in chapter 1-3 of this report all rules are presented for the application of the generator to the model design. Algebraic models including exogeneous and endogeneous time series variables, lead and lag function can be generated. In addition, to these language elements, Fortran sequences can be applied to the formulation of models in the case of complex model interrelations. Automatically the generated model is a module of the program system RSYST III and is therefore able to exchange input and output data with the central data bank of the system and in connection with the method library modules can be used to handle planning problems. (orig.) [de

  9. Housing Price Volatility and Econometrics

    Czech Academy of Sciences Publication Activity Database

    Sunega, Petr; Lux, Martin; Zemčík, Petr

    2014-01-01

    Roč. 1, č. 2 (2014), s. 70-78 ISSN 2336-2839 R&D Projects: GA ČR(CZ) GAP404/12/1446 Institutional support: RVO:68378025 ; RVO:67985998 Keywords : econometrics * housing prices * price bubbles Subject RIV: AO - Sociology, Demography

  10. Object-Oriented Econometrics with Ox

    OpenAIRE

    Kulaksizoglu, Tamer

    2015-01-01

    This article reviews the object-oriented features of the Ox matrix programming language. We discuss object-oriented programming in general and give econometric examples coded in Ox. We also discuss some useful built-in classes that come with the Ox distribution.

  11. Analysis of Regional Unemployment in Russia and Germany: Spatial-Econometric Approach

    Directory of Open Access Journals (Sweden)

    Elena Vyacheslavovna Semerikova

    2015-06-01

    Full Text Available The study was supported by the Government of the Russian Federation, grant No.11.G34.31.0059. This paper analyzes the regional unemployment in Russia and Germany in 2005-2010 and addresses issues of choosing the right specification of spatial-econometric models. The analysis based on data of 75 Russian and 370 German regions showed that for Germany the choice of the spatial weighting matrix has a more significant influence on the parameter estimates than for Russia. Presumably this is due to stronger linkages between regional labor markets in Germany compared to Russia. The authors also proposed an algorithm for choosing between spatial matrices and demonstrated the application of this algorithm on simulated Russian data. The authors found that 1 the deviation of the results from the true ones increases when the spatial dependence between regions is higher and 2 the matrix of inverse distances is more preferable than the boundary one for the analysis of regional unemployment in Russia (because of the lower value of the mean squared error. The authors are also planning to apply the proposed algorithm for simulated data of Germany. These results allow accounting the spatial dependence more correctly when modeling regional unemployment which is very important for making proper regional policy

  12. Hedonic approaches based on spatial econometrics and spatial statistics: application to evaluation of project benefits

    Science.gov (United States)

    Tsutsumi, Morito; Seya, Hajime

    2009-12-01

    This study discusses the theoretical foundation of the application of spatial hedonic approaches—the hedonic approach employing spatial econometrics or/and spatial statistics—to benefits evaluation. The study highlights the limitations of the spatial econometrics approach since it uses a spatial weight matrix that is not employed by the spatial statistics approach. Further, the study presents empirical analyses by applying the Spatial Autoregressive Error Model (SAEM), which is based on the spatial econometrics approach, and the Spatial Process Model (SPM), which is based on the spatial statistics approach. SPMs are conducted based on both isotropy and anisotropy and applied to different mesh sizes. The empirical analysis reveals that the estimated benefits are quite different, especially between isotropic and anisotropic SPM and between isotropic SPM and SAEM; the estimated benefits are similar for SAEM and anisotropic SPM. The study demonstrates that the mesh size does not affect the estimated amount of benefits. Finally, the study provides a confidence interval for the estimated benefits and raises an issue with regard to benefit evaluation.

  13. Econometrics of financial high-frequency data

    CERN Document Server

    Hautsch, Nikolaus

    2011-01-01

    This book covers major approaches in high-frequency econometrics. It discusses implementation details, provides insights into properties of high-frequency data as well as institutional settings and presents applications.

  14. The need for econometric research in laboratory animal operations.

    Science.gov (United States)

    Baker, David G; Kearney, Michael T

    2015-06-01

    The scarcity of research funding can affect animal facilities in various ways. These effects can be evaluated by examining the allocation of financial resources in animal facilities, which can be facilitated by the use of mathematical and statistical methods to analyze economic problems, a discipline known as econometrics. The authors applied econometrics to study whether increasing per diem charges had a negative effect on the number of days of animal care purchased by animal users. They surveyed animal numbers and per diem charges at 20 research institutions and found that demand for large animals decreased as per diem charges increased. The authors discuss some of the challenges involved in their study and encourage research institutions to carry out more robust econometric studies of this and other economic questions facing laboratory animal research.

  15. Using non-parametric methods in econometric production analysis

    DEFF Research Database (Denmark)

    Czekaj, Tomasz Gerard; Henningsen, Arne

    Econometric estimation of production functions is one of the most common methods in applied economic production analysis. These studies usually apply parametric estimation techniques, which obligate the researcher to specify the functional form of the production function. Most often, the Cobb...... results—including measures that are of interest of applied economists, such as elasticities. Therefore, we propose to use nonparametric econometric methods. First, they can be applied to verify the functional form used in parametric estimations of production functions. Second, they can be directly used...

  16. Testing simulation and structural models with applications to energy demand

    Science.gov (United States)

    Wolff, Hendrik

    2007-12-01

    This dissertation deals with energy demand and consists of two parts. Part one proposes a unified econometric framework for modeling energy demand and examples illustrate the benefits of the technique by estimating the elasticity of substitution between energy and capital. Part two assesses the energy conservation policy of Daylight Saving Time and empirically tests the performance of electricity simulation. In particular, the chapter "Imposing Monotonicity and Curvature on Flexible Functional Forms" proposes an estimator for inference using structural models derived from economic theory. This is motivated by the fact that in many areas of economic analysis theory restricts the shape as well as other characteristics of functions used to represent economic constructs. Specific contributions are (a) to increase the computational speed and tractability of imposing regularity conditions, (b) to provide regularity preserving point estimates, (c) to avoid biases existent in previous applications, and (d) to illustrate the benefits of our approach via numerical simulation results. The chapter "Can We Close the Gap between the Empirical Model and Economic Theory" discusses the more fundamental question of whether the imposition of a particular theory to a dataset is justified. I propose a hypothesis test to examine whether the estimated empirical model is consistent with the assumed economic theory. Although the proposed methodology could be applied to a wide set of economic models, this is particularly relevant for estimating policy parameters that affect energy markets. This is demonstrated by estimating the Slutsky matrix and the elasticity of substitution between energy and capital, which are crucial parameters used in computable general equilibrium models analyzing energy demand and the impacts of environmental regulations. Using the Berndt and Wood dataset, I find that capital and energy are complements and that the data are significantly consistent with duality

  17. The Anatomy of a Likely Donor: Econometric Evidence on Philanthropy to Higher Education

    Science.gov (United States)

    Lara, Christen; Johnson, Daniel

    2014-01-01

    In 2011, philanthropic giving to higher education institutions totaled $30.3 billion, an 8.2% increase over the previous year. Roughly, 26% of those funds came from alumni donations. This article builds upon existing economic models to create an econometric model to explain and predict the pattern of alumni giving. We test the model using data…

  18. Econometric Analysis of 2003 Data on the Post-Service Earnings of Military Retirees: Methodology Report

    National Research Council Canada - National Science Library

    Mackin, Patrick C; Darling, Kimberly L

    2004-01-01

    ...). This report details how the estimation datasets were constructed from these two data sources and describes the econometric methodology in detail, including the definition of alternative models...

  19. Kriging Methodology and Its Development in Forecasting Econometric Time Series

    Directory of Open Access Journals (Sweden)

    Andrej Gajdoš

    2017-03-01

    Full Text Available One of the approaches for forecasting future values of a time series or unknown spatial data is kriging. The main objective of the paper is to introduce a general scheme of kriging in forecasting econometric time series using a family of linear regression time series models (shortly named as FDSLRM which apply regression not only to a trend but also to a random component of the observed time series. Simultaneously performing a Monte Carlo simulation study with a real electricity consumption dataset in the R computational langure and environment, we investigate the well-known problem of “negative” estimates of variance components when kriging predictions fail. Our following theoretical analysis, including also the modern apparatus of advanced multivariate statistics, gives us the formulation and proof of a general theorem about the explicit form of moments (up to sixth order for a Gaussian time series observation. This result provides a basis for further theoretical and computational research in the kriging methodology development.

  20. Glossary for econometrics and epidemiology.

    Science.gov (United States)

    Gunasekara, F Imlach; Carter, K; Blakely, T

    2008-10-01

    Epidemiologists and econometricians are often interested in similar topics-socioeconomic position and health outcomes-but the different languages that epidemiologists and economists use to interpret and discuss their results can create a barrier to mutual communication. This glossary defines key terms used in econometrics and epidemiology to assist in bridging this gap.

  1. Catalog of Wargaming and Military Simulation Models.

    Science.gov (United States)

    1982-05-01

    OF MODELS Page U UNICORN - Conventinal/Nuclear Weapon Allocator Model ............ 785 UNREP - Underway Replenishment Model...relationships irn the model to around 4,000. The number of econometric relationships grows geometri- cdlly with the number of sectors. The sector detail...factors 784 11 I I UNICORN - Conventioiali’Nuclear Weapon Al locut( r utoYu IPITlNi NI: Of ice ot the Assi stirt Secretary uf Defense, Proyrdm Analysis

  2. Econometric Methods for Research in Education. NBER Working Paper No. 16003

    Science.gov (United States)

    Meghir, Costas; Rivkin, Steven G.

    2010-01-01

    This paper reviews some of the econometric methods that have been used in the economics of education. The focus is on understanding how the assumptions made to justify and implement such methods relate to the underlying economic model and the interpretation of the results. We start by considering the estimation of the returns to education both…

  3. Does having the right visitor mix do the job? Applying an econometric shift-share model to regional tourism developments

    OpenAIRE

    Firgo, Matthias; Fritz, Oliver

    2016-01-01

    This paper is the first to apply an econometric shift-share model to tourism. The approach allows us to isolate the growth contributions of changes in regional touristic attractiveness from those induced by the structure of visitors, but does not share the caveats of the conventional shift-share approach. Our application to regional tourism in Austria reveals important results: First, differences in long-run performance between regions are mostly related to idiosyncratic changes in the touris...

  4. Impacts of a carbon Tax on the emissions of car transport in Switzerland: an assessment using an engineering-econometric model

    International Nuclear Information System (INIS)

    Carlevaro, F.; Bertholet, J.L.; Chaze, J.P.; Taffe, P.

    1992-01-01

    It is well-known that road transport is the economic sector most responsible for the growing consumption of fossil fuels in developed countries and, as a consequence, of carbon dioxide emissions largely accountable of the greenhouse effect. Recently, the Swiss Federal Council, as many other European governments, has undertaken to set up an energy policy aiming at reducing CO 2 emissions according to the so-called Toronto targets. Among the different measures that can be used to achieve this objective, special attention has been devoted to the carbon tax as an economic incentive to reduce fossil fuel consumption. Considering motor fuels, such a taxation can lead to a decrease in fuel demand through many mechanisms. Conventional econometric models of energy demand, even when they allow to distinguish short-run from long-run responses of consumption to changing economic conditions, do not consider this engineering description of energy demand. Therefore, they fail to capture the important distinction between demand and supply reaction of energy consumption to energy taxation. The authors present an econometric model built according to an engineering logic which takes into account three possible impacts of a motor fuel tax: on the stock of cars, on their average specific consumption and on their average intensity of use. 5 refs., 2 figs

  5. Regional demand forecasting and simulation model: user's manual. Task 4, final report

    Energy Technology Data Exchange (ETDEWEB)

    Parhizgari, A M

    1978-09-25

    The Department of Energy's Regional Demand Forecasting Model (RDFOR) is an econometric and simulation system designed to estimate annual fuel-sector-region specific consumption of energy for the US. Its purposes are to (1) provide the demand side of the Project Independence Evaluation System (PIES), (2) enhance our empirical insights into the structure of US energy demand, and (3) assist policymakers in their decisions on and formulations of various energy policies and/or scenarios. This report provides a self-contained user's manual for interpreting, utilizing, and implementing RDFOR simulation software packages. Chapters I and II present the theoretical structure and the simulation of RDFOR, respectively. Chapter III describes several potential scenarios which are (or have been) utilized in the RDFOR simulations. Chapter IV presents an overview of the complete software package utilized in simulation. Chapter V provides the detailed explanation and documentation of this package. The last chapter describes step-by-step implementation of the simulation package using the two scenarios detailed in Chapter III. The RDFOR model contains 14 fuels: gasoline, electricity, natural gas, distillate and residual fuels, liquid gases, jet fuel, coal, oil, petroleum products, asphalt, petroleum coke, metallurgical coal, and total fuels, spread over residential, commercial, industrial, and transportation sectors.

  6. GENERATION AND COST OF THE MEGAWATTS USING ECONOMETRICS

    Directory of Open Access Journals (Sweden)

    Raimundo Juan Lora-Freyre

    2016-01-01

    Full Text Available This work was conducted at the Energy Plant "Antonio Maceo" (Renté, in the province of Santiago de Cuba, under the Ministry of Energy and Mining. Aims to study the improvement of the planning process and as field of action the econometric modeling applied to the production of electricity. The overall objective of this research is to develop estimates of electricity generation and its total costs, and the analysis of the influence of production factors, using econometric techniques. In order to fulfill the above objective was used and perfected the "Information System for the Calculation of Production Estimates" (SICEP, which determines the response functions, considering the main factors influencing the electricity generation and its total costs. The results allow to show that the most influential factor in the generation of electricity is the fuel, it appreciated by analyzing the standardized b coefficient that reflects the highest value (0,39. Furthermore, the most influential factor in the total cost of generation is the additive, which shows a coefficient b standardized 0,51. The estimates given show the standard error values almost coincide with the standard deviation obtained in the reporting of error normality. The results will be useful to the process of production planning and securing materials from it. 

  7. Econometric Estimates of Army Retention: Zones A, B, C, D and Retirement-Eligible, 1990-2004

    National Research Council Canada - National Science Library

    Moore, Carole; Hogan, Paul; Kirchner, Christian; Macklin, Patrick C; Greenston, Peter M

    2007-01-01

    .... To improve fit, we generated new econometric estimates by MOS, CMF and Zone using the more recent years of data, and conducted out-of-sample prediction testing to confirm the validity of the updated model.

  8. Econometrics as evidence? Examining the 'causal' connections between financial speculation and commodities prices.

    Science.gov (United States)

    Williams, James W; Cook, Nikolai M

    2016-10-01

    One of the lasting legacies of the financial crisis of 2008, and the legislative energies that followed from it, is the growing reliance on econometrics as part of the rulemaking process. Financial regulators are increasingly expected to rationalize proposed rules using available econometric techniques, and the courts have vacated several key rules emanating from Dodd-Frank on the grounds of alleged deficiencies in this evidentiary effort. The turn toward such econometric tools is seen as a significant constraint on and challenge to regulators as they endeavor to engage with such essential policy questions as the impact of financial speculation on food security. Yet, outside of the specialized practitioner community, very little is known about these techniques. This article examines one such econometric test, Granger causality, and its role in a pivotal Dodd-Frank rulemaking. Through an examination of the test for Granger causality and its attempts to distill the causal connections between financial speculation and commodities prices, the article argues that econometrics is a blunt but useful tool, limited in its ability to provide decisive insights into commodities markets and yet yielding useful returns for those who are able to wield it.

  9. Applying the Dufournaud econometric model to the determination of the prices dynamics impact over the national economy and over its main vulnerable sectors in connection with the Romanian national economy specificity

    Directory of Open Access Journals (Sweden)

    Elena Claudia Serban

    2008-09-01

    Full Text Available In economics, a model represents an abstract, formal image of a phenomenon, process or economic system. It is built by symbolically reproducing the economic theory and by getting new information regarding the behavior of the objective being investigated. In economic theory there are several integrated econometric models meant to underline the interdependency between the branches of a national economy by the public utilities services, especially those connected to energy. The present article presents the first results of our efforts of building an econometric model adapted to the specificity of the Romanian economy, that would underline the impact of the prices modification for public utilities on the Romanian economy as a hole, on the competitiveness of Romanian companies and on the inflation.

  10. Econometric analysis of the factors influencing forest acreage trends in the southeast.

    Science.gov (United States)

    Ralph J. Alig

    1986-01-01

    Econometric models of changes in land use acreages in the Southeast by physiographic region have been developed by pooling cross-section and time series data. Separate acreage equations have been estimated for the three major private forestland owner classes and the three major classes of nonforest land use. Observations were drawn at three or four different points in...

  11. The Food and Agricultural Policy Simulator

    OpenAIRE

    Salathe, Larry E.; Price, J. Michael; Gadson, Kenneth E.

    1982-01-01

    This article describes the structure and dynamic properties of the Food and Agricultural Policy Simulator (FAPSIM), an annual econometric model of the US agricultural sector F APSIM estimates a simultaneous price-quantity equilibrium solution for a set of individual commodity models developed for beef, pork, dairy, chickens, eggs, turkeys, corn, oats, barley, gram sorghum, wheat, soybeans, and cotton F APSIM also endogenously determines farm production expenses, cash receipts, net farm Income...

  12. Non-standard spatial statistics and spatial econometrics

    CERN Document Server

    Griffith, Daniel A

    2011-01-01

    Spatial statistics and spatial econometrics are recent sprouts of the tree "spatial analysis with measurement". Still, several general themes have emerged. Exploring selected fields of possible interest is tantalizing, and this is what the authors aim here.

  13. Econometric analyses of microfinance credit group formation, contractual risks and welfare impacts in Northern Ethiopia

    NARCIS (Netherlands)

    Berhane Tesfay, G.

    2009-01-01

    Key words
    Microfinance, joint liability, contractual risk, group formation, risk-matching, impact evaluation, Panel data econometrics, dynamic panel probit, trend models, fixed-effects, composite counterfactuals, propensity score matching, farm households, Ethiopia.

    Lack of

  14. Econometric models for distinguishing between market-driven and publicly-funded energy efficiency

    International Nuclear Information System (INIS)

    Horowitz, Marvin J.

    2005-01-01

    Central to the problem of estimating energy program benefits is the necessity to differentiate between changes in energy use that would have occurred in the absence of public programs versus declines in energy use that would not have occurred but for public programs. The former changes are often referred to as naturally-occurring or market-driven effects. They occur due to a combination of one or more independent variables, such as changes in prices, incomes, weather, and technology. For a rigorous, scientifically-valid program evaluation, it is essential to first control for these variables before making statistical inferences related to public program effects. This paper describes the economic and statistical issues surrounding quantitative studies of energy use, energy efficiency, and public programs. To illustrate the strengths and weaknesses of different impact evaluation approaches, this paper describes three new studies related to electricity use in the U. S. commercial buildings sector. Specification and estimation of time series and cross section econometric models are discussed, as are their capabilities for obtaining long-run estimates of the net impacts of energy efficiency programs

  15. An assessment of Japanese carbon tax reform using the E3MG econometric model.

    Science.gov (United States)

    Lee, Soocheol; Pollitt, Hector; Ueta, Kazuhiro

    2012-01-01

    This paper analyses the potential economic and environmental effects of carbon taxation in Japan using the E3MG model, a global macroeconometric model constructed by the University of Cambridge and Cambridge Econometrics. The paper approaches the issues by considering first the impacts of the carbon tax in Japan introduced in 2012 and then the measures necessary to reduce Japan's emissions in line with its Copenhagen pledge of -25% compared to 1990 levels. The results from the model suggest that FY2012 Tax Reform has only a small impact on emission levels and no significant impact on GDP and employment. The potential costs of reducing emissions to meet the 25% reduction target for 2020 are quite modest, but noticeable. GDP falls by around 1.2% compared to the baseline and employment by 0.4% compared to the baseline. But this could be offset, with some potential economic benefits, if revenues are recycled efficiently. This paper considers two revenue recycling scenarios. The most positive outcome is if revenues are used both to reduce income tax rates and to increase investment in energy efficiency. This paper shows there could be double dividend effects, if Carbon Tax Reform is properly designed.

  16. The Evaluation of Efficiency of Production Management at Forestry Enterprise: Experience with Discriminantal and Applied Econometric Models

    Directory of Open Access Journals (Sweden)

    Pilko Andriy D.

    2017-07-01

    Full Text Available The publication is aimed at coverage of the results of a study on existing approaches to the setting and solving the task of evaluation and analysis of efficiency of management of production processes at forestry enterprises, as well as implementation and development (in line with the industry specificity of the previously proposed approach to evaluating, analyzing and forecasting the efficiency of management of the production process by means of development and application of the economic-mathematical modeling capabilities. A study on the efficiency of the production process management and the usage of enterprise’s basic production assets has been conducted with application of discriminantal and simultative econometric models. Further development of the proposed approach could provide an additional methodical basis for planning activities to improve the management of production at forestry enterprises.

  17. A Micro-Econometric Analysis of Determinants of Unsustainable Consumption in The Netherlands

    International Nuclear Information System (INIS)

    Ferrer-i-Carbonell, A.; Van den Bergh, J.C.J.M.

    2004-01-01

    Recently, much attention has been given to the notion of 'sustainable consumption'. Whereas environmental economics traditionally has focused environmental policy analysis on producers, this new notion broadens the perspective to include environmental policies aimed at directly influencing consumer decisions regarding buying, using, and recycling products. This could suggest policies that link not only to price incentives, but also and especially to persuasive instruments, such as education and information provision. These policies might take into account certain characteristics of households, such as lifestyle and family size. This article presents a first econometric analysis of consumption in the context of environmental sustainability. Relationships between different types of household expenditures and a range of household characteristics are assessed, based on a large micro data set of households for the Netherlands. Use is made of various demand models and econometric techniques to adequately address theoretical and technical issues involved. The article ends with a discussion of the implications of the results for environmental policy directed at stimulating sustainable consumption

  18. Econometric modelling of international carbon tax regimes

    International Nuclear Information System (INIS)

    Smith, Clare; Hall, Stephen; Mabey, N.

    1995-01-01

    An economometric model of fossil fuel demand has been estimated for eight OECD countries, relating coal, oil and gas demands to GDP and prices. In addition a model of endogenous technical progress has been estimated, aiming to include both price induced innovation in energy and structural change in the economy as long-term determinants of energy consumption. A number of possible international carbon/energy tax agreements are simulated, showing the impacts on carbon dioxide emissions and comparing the two models. (author)

  19. Day of the week effect in paper submission/acceptance/rejection to/in/by peer review journals. II. An ARCH econometric-like modeling

    Science.gov (United States)

    Ausloos, Marcel; Nedic, Olgica; Dekanski, Aleksandar; Mrowinski, Maciej J.; Fronczak, Piotr; Fronczak, Agata

    2017-02-01

    This paper aims at providing a statistical model for the preferred behavior of authors submitting a paper to a scientific journal. The electronic submission of (about 600) papers to the Journal of the Serbian Chemical Society has been recorded for every day from Jan. 01, 2013 till Dec. 31, 2014, together with the acceptance or rejection paper fate. Seasonal effects and editor roles (through desk rejection and subfield editors) are examined. An ARCH-like econometric model is derived stressing the main determinants of the favorite day-of-week process.

  20. Simulation of the system, Energy, Environment, and Economy. Economic model of Baden--Wuerttemberg. Part 2. [In German

    Energy Technology Data Exchange (ETDEWEB)

    Ruehle, G

    1977-04-01

    The energy consumption of industry and private households in a country is closely linked with the amount and development of the GNP and income available. Instead of extrapolations, a dynamic econometric model was developed based on the Keynesian theory and the data of 1960 to 1974 relating to national accounts. The economic ties between Baden--Wuerttemberg and the FRG are to be ensured by a subsequent coupling of the FRG-model. In the second part of this paper the equations selected in the first part are checked due to revised basic data, and a complete set of equations is combined as a model. The behavior of this model is tested by comparing simulation results with basic data and by means of a regulative theoretical stability analysis. While the simulation data repeat the course of the GNP and the available income sufficiently precise, yields, private capital investments and the unemployment ratio are superimposed with larger variations. The stability analysis proved a model behavior to be oscillatory stable.

  1. An Initial Econometric Consideration of Supply and Demand in the Guaranteed Student Loan Program.

    Science.gov (United States)

    Bayus, Barry; Kendis, Kurt

    1982-01-01

    In this econometric model of the Guaranteed Student Loan Program (GSLP), supply is related to banks' liquidity and yield curves, all lenders' economic costs and returns, and Student Loan Marketing Association activity. GSLP demand is based on loan costs, family debt position, and net student need for financial aid. (RW)

  2. Three essays on the econometric analysis of high frequency financial data

    OpenAIRE

    OOMEN, Roel C. A.

    2003-01-01

    Defence date: 13 June 2003 Examining Board: Prof. H. Peter Boswijk, University of Amsterdam ; Prof. Søren Johansen, University of Copenhagen, Supervisor ; Prof. Helmut Lütkepohl, EUI ; Prof. Stephen Taylor, Lancaster University This thesis is motivated by the observation that the time series properties of financial security prices can vary fundamentally with their sampling frequency. Econometric models developed for low frequency data may thus be unsuitable for high frequency data and v...

  3. Appendix : airborne incidents : an econometric analysis of severity

    Science.gov (United States)

    2014-12-19

    This is the Appendix for Airborne Incidents: An Econometric Analysis of Severity Report. : Airborne loss of separation incidents occur when an aircraft breaches the defined separation limit (vertical and/or horizontal) with another aircraft or terrai...

  4. An Assessment of Japanese Carbon Tax Reform Using the E3MG Econometric Model

    Directory of Open Access Journals (Sweden)

    Soocheol Lee

    2012-01-01

    Full Text Available This paper analyses the potential economic and environmental effects of carbon taxation in Japan using the E3MG model, a global macroeconometric model constructed by the University of Cambridge and Cambridge Econometrics. The paper approaches the issues by considering first the impacts of the carbon tax in Japan introduced in 2012 and then the measures necessary to reduce Japan’s emissions in line with its Copenhagen pledge of −25% compared to 1990 levels. The results from the model suggest that FY2012 Tax Reform has only a small impact on emission levels and no significant impact on GDP and employment. The potential costs of reducing emissions to meet the 25% reduction target for 2020 are quite modest, but noticeable. GDP falls by around 1.2% compared to the baseline and employment by 0.4% compared to the baseline. But this could be offset, with some potential economic benefits, if revenues are recycled efficiently. This paper considers two revenue recycling scenarios. The most positive outcome is if revenues are used both to reduce income tax rates and to increase investment in energy efficiency. This paper shows there could be double dividend effects, if Carbon Tax Reform is properly designed.

  5. An Assessment of Japanese Carbon Tax Reform Using the E3MG Econometric Model

    Science.gov (United States)

    Lee, Soocheol; Pollitt, Hector; Ueta, Kazuhiro

    2012-01-01

    This paper analyses the potential economic and environmental effects of carbon taxation in Japan using the E3MG model, a global macroeconometric model constructed by the University of Cambridge and Cambridge Econometrics. The paper approaches the issues by considering first the impacts of the carbon tax in Japan introduced in 2012 and then the measures necessary to reduce Japan's emissions in line with its Copenhagen pledge of −25% compared to 1990 levels. The results from the model suggest that FY2012 Tax Reform has only a small impact on emission levels and no significant impact on GDP and employment. The potential costs of reducing emissions to meet the 25% reduction target for 2020 are quite modest, but noticeable. GDP falls by around 1.2% compared to the baseline and employment by 0.4% compared to the baseline. But this could be offset, with some potential economic benefits, if revenues are recycled efficiently. This paper considers two revenue recycling scenarios. The most positive outcome is if revenues are used both to reduce income tax rates and to increase investment in energy efficiency. This paper shows there could be double dividend effects, if Carbon Tax Reform is properly designed. PMID:23365531

  6. An econometric method for estimating the tax elasticity and the impact on revenues of discretionary tax measures : applied to Malawi and Mauritius

    OpenAIRE

    Ehdaie, Jaber

    1990-01-01

    This paper develops an econometric technique that deals with shortcomings of existing methods for estimating the tax elasticity and the impact on revenues of discretionary tax measures. This model highlights the roles that discretionary tax measures and economic growth play in effecting the shift from the taxation of international trade to the taxation of domestic transactions. The objective of this study is twofold: first, to develop an econometric method of estimating built-in tax elasticit...

  7. Using non-parametric methods in econometric production analysis

    DEFF Research Database (Denmark)

    Czekaj, Tomasz Gerard; Henningsen, Arne

    2012-01-01

    by investigating the relationship between the elasticity of scale and the farm size. We use a balanced panel data set of 371~specialised crop farms for the years 2004-2007. A non-parametric specification test shows that neither the Cobb-Douglas function nor the Translog function are consistent with the "true......Econometric estimation of production functions is one of the most common methods in applied economic production analysis. These studies usually apply parametric estimation techniques, which obligate the researcher to specify a functional form of the production function of which the Cobb...... parameter estimates, but also in biased measures which are derived from the parameters, such as elasticities. Therefore, we propose to use non-parametric econometric methods. First, these can be applied to verify the functional form used in parametric production analysis. Second, they can be directly used...

  8. An assessment of econometric models applied to fossil fuel power generation; Un'analisi critica dell'applicazione dei modelli econometrici alla generazione termoelettrica

    Energy Technology Data Exchange (ETDEWEB)

    Gracceva, F.; Quercioli, R. [ENEA, Funzione Centrale Studi, Centro Ricerche Casaccia, Rome (Italy)

    2001-07-01

    The main purpose of this report is to provide a general view of those studies, in which the econometric approach is applied to the selection of fuel in fossil fired power generation, focusing the attention to the key role played by the fuel prices. The report consists of a methodological analysis and a survey of the studies available in literature. The methodological analysis allows to assess the adequateness of the econometric approach, in the electrical power utilities policy. With this purpose, the fundamentals of microeconomics, which are the basis of the econometric models, are pointed out and discussed, and then the hypotheses, which are needed to be assumed for complying the economic theory, are verified in their actual implementation in the power generation sector. The survey of the available studies provides a detailed description of the Translog and Logit models, and the results achieved with their application. From these results, the estimated models show to fit the data with good approximation, a certain degree of interfuel substitution and a meaningful reaction to prices on demand side. [Italian] In questo rapporto viene tracciato un quadro generale degli studi che utilizzano modelli econometrici per analizzare la scelta dei combustibili nella termogenerazione, con particoalre attenzione al ruolo svolto dal prezzo dei combustibili. La trattazione si compone di un'analisi di tipo metodologico e di una rassegna della letteratura. L'analisi metodologica consente di valutare l'adeguatezza dell'approccio econometrico nell'analisi del comportamento delle imprese di generazione elettrica. A tal fine vengono esplicitati e discussi i fondamenti microeconomici su cui poggiano i modelli econometrici, e viene verificata la sussistenza, nel settore termoelettrico, delle ipotesi che e' necessario assumere per soddisfare la teoria economica. La rassegna fornisce invece una descrizione dei modelli translog e logit lineare, ed un

  9. The Dynamics of Associations and Foundations in Romania. Econometric Analysis

    Directory of Open Access Journals (Sweden)

    Chelariu Gabriel

    2017-09-01

    Full Text Available This article highlights the evolutionary trend of the associations and foundations in Romania in 1997 – 2015 period of time. We know that the NPO's activities come to cover the people's needs which cannot be supported by the state or by the private sector. More precisely, the major roles of the NPO sector are: supporting disadvantaged groups and the social causes, sustaining the role of "watchdog", and promoting the advocacy and public policy expertise. For this reason, we propose an econometric model that will be applied to establish the link between the number of the association and foundations, poverty rate, unemployment rate and the average monthly expenditure per household. We consider that the last three factors are relevant to the country’s social economy and, at the same time, they represent the main objectives of the EUROPE 2020 Strategy - a strategy for smart, sustainable and inclusive growth. The study is based on numerical data collected over a period of 12 years from 2003 to 2014. For the econometric model, we use IBM SPSS 22 software, in analyzing the collected data. After processing the data we will find a positive and significant relation between the number of associations and foundations (AF, the average monthly expenditure per household and the poverty rate. At the same time, we will find an insignificant relation between the number of associations and foundations and the unemployment rate.

  10. An econometrics view of worldwide fossil fuel consumption and the role of US

    International Nuclear Information System (INIS)

    Shafiee, Shahriar; Topal, Erkan

    2008-01-01

    Crude oil, coal and gas, known as fossil fuels, play a crucial role in the global economy. This paper proposes new econometrics modelling to demonstrate the trend of fossil fuels consumption. The main variables affecting consumption trends are: world reserves, the price of fossil fuels, US production and US net imports. All variables have been analysed individually for more than half a century. The research found that while the consumption of fossil fuels worldwide has increased trends in the US production and net imports have been dependent on the type of fossil fuels. Most of the US coal and gas production has been for domestic use, which is why it does not have a strong influence on worldwide fossil fuel prices. Moreover, the reserves of fossil fuels have not shown any diminution during the last couple of decades and predictions that they were about to run out are not substantiated. The nominal and real price of fossil fuels was found to change depending on the type. Finally, estimates of three econometric models for the consumption of fossil fuels from 1949 to 2006 are presented which identify the effects of significant variables

  11. Determinants of Educational Achievement in Morocco: A Micro-Econometric Analysis Applied to the TIMSS Study

    Science.gov (United States)

    Ibourk, Aomar

    2013-01-01

    Based on data from international surveys measuring learning (TIMSS), this article focuses on the analysis of the academic performance Moroccan students. The results of the econometric model show that the students' characteristics, their family environment and school context are key determinants of these performances. The study also shows that the…

  12. EXPLANATORY ECONOMETRIC METHOD FOR THE ANALYSIS OF THE BEHAVIOR MANAGEMENT IN ORGANIZATIONS IN ROMANIA

    Directory of Open Access Journals (Sweden)

    Rosca Constantin

    2011-07-01

    Full Text Available Our paper, entitled "Explanatory Econometric Method for the Analysis of the Behaviour Management in Organizations in Romania" reflects the wide opening of econometric modelling to quantify the Romanian management issues, representing a practical guidance on multiple recovery plans to fund the huge data collected as part COMOR project launched by the Scientific Society of Management in Romania to characterize the behaviour of managers in the Romanian economic organizations. Construction of these models offers possibilities for complex analysis, descriptive and factorial sequence of firms, counties, geographical areas, but comprehensive summary of studies on the macroeconomic level. Scientific knowledge through a comprehensive assessment of managerial behaviour in the most representative types of business organizations of all geographical areas of the country are, in the context of globalization, one way to prevent surprises market economy. Thus, the results of this exploratory research will provide economic environment, and not only strong argument for anticipating decisions in order to choose the best economic policies, with beneficial effects as conclusive and with as few undesirable implications. Research based on the opinions of thousands of respondents approved, processed through a variety of instruments subject of extensive econometric and interdisciplinary interpretation, psycho-socio-economic management, is a modest contribution to the affirmation of local scientific research that aim for theoretical and applied Romanian school of management by defining: - knowledge of behaviour management in all types of business organizations in Romania; - identifying the Romanian space dimensions of organizational culture as a reflection of the peculiarities of national culture and especially of the main ethnic-specific subcultures; - profile defining effective manager and leader of excellence in terms of character traits and their behaviour.

  13. Modeling and forecasting the supply of oil and gas: a survey of existing approaches

    International Nuclear Information System (INIS)

    Walls, M.A.

    1992-01-01

    This paper surveys the literature on empirical oil and gas supply modeling. The models fall into two broad categories: geologic/engineering and econometric. Two types of geologic/engineering models are surveyed - play analysis, or simulation models and discovery process models. A third category of supply models, 'hybrids', which contain features of both econometric and discovery process models are also discussed. Particular attention is paid to whether or not the models have linkages between a dynamic model of producer optimizing behaviour and the factors governing supply of the resource; whether or not expectations of future prices, costs, and other stochastic variables are incorporated; whether the physical characteristics of non-renewable resources are captured; and how well the models perform. The paper concludes that the best path for future research efforts is a hybrid approach where the econometric component is derived from a stochastic dynamic optimization model of exploration behaviour. 51 refs., 3 figs., 1 tab

  14. Investigation of international energy economics. [Use of econometric model EXPLOR

    Energy Technology Data Exchange (ETDEWEB)

    Deonigi, D.E.; Clement, M.; Foley, T.J.; Rao, S.A.

    1977-03-01

    The Division of International Affairs of the Energy Research and Development Administration is assessing the long-range economic effects of energy research and development programs in the U.S. and other countries, particularly members of the International Energy Agency (IEA). In support of this effort, a program was designed to coordinate the capabilities of five research groups--Rand, Virginia Polytechnic Institute, Brookhaven National Laboratory, Lawrence Livermore Laboratory, and Pacific Northwest Laboratory. The program could evaluate the international economics of proposed or anticipated sources of energy. This program is designed to be general, flexible, and capable of evaluating a diverse collection of potential energy (nuclear and nonnuclear) related problems. For example, the newly developed methodology could evaluate the international and domestic economic impact of nuclear-related energy sources, but also existing nonnuclear and potential energy sources such as solar, geothermal, wind, etc. Major items to be included would be the cost of exploration, cost of production, prices, profit, market penetration, investment requirements and investment goods, economic growth, change in balance of payments, etc. In addition, the changes in cost of producing all goods and services would be identified for each new energy source. PNL developed (1) a means of estimating the demands for major forms of energy by country, and (2) a means of identifying results or impacts on each country. The results for each country were then to be compared to assess relative advantages. PNL relied on its existing general econometric model, EXPLOR, to forecast the demand for energy by country. (MCW)

  15. Comment on "Polynomial cointegration tests of anthropogenic impact on global warming" by Beenstock et al. (2012) – some hazards in econometric modelling of climate change

    OpenAIRE

    Pretis, F.; Hendry, D. F.

    2013-01-01

    We outline six important hazards that can be encountered in econometric modelling of time-series data, and apply that analysis to demonstrate errors in the empirical modelling of climate data in Beenstock et al. (2012). We show that the claim made in Beenstock et al. (2012) as to the different degrees of integrability of CO2 and temperature is incorrect. In particular, the level of integration is not constant and not intrinsic to the process. Further, we illustrate that the ...

  16. Pulling Econometrics Students up by Their Bootstraps

    Science.gov (United States)

    O'Hara, Michael E.

    2014-01-01

    Although the concept of the sampling distribution is at the core of much of what we do in econometrics, it is a concept that is often difficult for students to grasp. The thought process behind bootstrapping provides a way for students to conceptualize the sampling distribution in a way that is intuitive and visual. However, teaching students to…

  17. Housing land transaction data and structural econometric estimation of preference parameters for urban economic simulation models.

    Science.gov (United States)

    Caruso, Geoffrey; Cavailhès, Jean; Peeters, Dominique; Thomas, Isabelle; Frankhauser, Pierre; Vuidel, Gilles

    2015-12-01

    This paper describes a dataset of 6284 land transactions prices and plot surfaces in 3 medium-sized cities in France (Besançon, Dijon and Brest). The dataset includes road accessibility as obtained from a minimization algorithm, and the amount of green space available to households in the neighborhood of the transactions, as evaluated from a land cover dataset. Further to the data presentation, the paper describes how these variables can be used to estimate the non-observable parameters of a residential choice function explicitly derived from a microeconomic model. The estimates are used by Caruso et al. (2015) to run a calibrated microeconomic urban growth simulation model where households are assumed to trade-off accessibility and local green space amenities.

  18. Housing land transaction data and structural econometric estimation of preference parameters for urban economic simulation models

    Science.gov (United States)

    Caruso, Geoffrey; Cavailhès, Jean; Peeters, Dominique; Thomas, Isabelle; Frankhauser, Pierre; Vuidel, Gilles

    2015-01-01

    This paper describes a dataset of 6284 land transactions prices and plot surfaces in 3 medium-sized cities in France (Besançon, Dijon and Brest). The dataset includes road accessibility as obtained from a minimization algorithm, and the amount of green space available to households in the neighborhood of the transactions, as evaluated from a land cover dataset. Further to the data presentation, the paper describes how these variables can be used to estimate the non-observable parameters of a residential choice function explicitly derived from a microeconomic model. The estimates are used by Caruso et al. (2015) to run a calibrated microeconomic urban growth simulation model where households are assumed to trade-off accessibility and local green space amenities. PMID:26958606

  19. Approaches and methods for econometric analysis of market power

    DEFF Research Database (Denmark)

    Perekhozhuk, Oleksandr; Glauben, Thomas; Grings, Michael

    2017-01-01

    , functional forms, estimation methods and derived estimates of the degree of market power. Thereafter, we use our framework to evaluate several structural models based on PTA and GIM to measure oligopsony power in the Ukrainian dairy industry. The PTA-based results suggest that the estimated parameters......This study discusses two widely used approaches in the New Empirical Industrial Organization (NEIO) literature and examines the strengths and weaknesses of the Production-Theoretic Approach (PTA) and the General Identification Method (GIM) for the econometric analysis of market power...... in agricultural and food markets. We provide a framework that may help researchers to evaluate and improve structural models of market power. Starting with the specification of the approaches in question, we compare published empirical studies of market power with respect to the choice of the applied approach...

  20. Analytical-numerical solution of a nonlinear integrodifferential equation in econometrics

    Science.gov (United States)

    Kakhktsyan, V. M.; Khachatryan, A. Kh.

    2013-07-01

    A mixed problem for a nonlinear integrodifferential equation arising in econometrics is considered. An analytical-numerical method is proposed for solving the problem. Some numerical results are presented.

  1. The Standard Model in the history of the Natural Sciences, Econometrics, and the social sciences

    Science.gov (United States)

    Fisher, W. P., Jr.

    2010-07-01

    In the late 18th and early 19th centuries, scientists appropriated Newton's laws of motion as a model for the conduct of any other field of investigation that would purport to be a science. This early form of a Standard Model eventually informed the basis of analogies for the mathematical expression of phenomena previously studied qualitatively, such as cohesion, affinity, heat, light, electricity, and magnetism. James Clerk Maxwell is known for his repeated use of a formalized version of this method of analogy in lectures, teaching, and the design of experiments. Economists transferring skills learned in physics made use of the Standard Model, especially after Maxwell demonstrated the value of conceiving it in abstract mathematics instead of as a concrete and literal mechanical analogy. Haavelmo's probability approach in econometrics and R. Fisher's Statistical Methods for Research Workers brought a statistical approach to bear on the Standard Model, quietly reversing the perspective of economics and the social sciences relative to that of physics. Where physicists, and Maxwell in particular, intuited scientific method as imposing stringent demands on the quality and interrelations of data, instruments, and theory in the name of inferential and comparative stability, statistical models and methods disconnected theory from data by removing the instrument as an essential component. New possibilities for reconnecting economics and the social sciences to Maxwell's sense of the method of analogy are found in Rasch's probabilistic models for measurement.

  2. The Standard Model in the history of the Natural Sciences, Econometrics, and the social sciences

    International Nuclear Information System (INIS)

    Fisher, W P Jr

    2010-01-01

    In the late 18th and early 19th centuries, scientists appropriated Newton's laws of motion as a model for the conduct of any other field of investigation that would purport to be a science. This early form of a Standard Model eventually informed the basis of analogies for the mathematical expression of phenomena previously studied qualitatively, such as cohesion, affinity, heat, light, electricity, and magnetism. James Clerk Maxwell is known for his repeated use of a formalized version of this method of analogy in lectures, teaching, and the design of experiments. Economists transferring skills learned in physics made use of the Standard Model, especially after Maxwell demonstrated the value of conceiving it in abstract mathematics instead of as a concrete and literal mechanical analogy. Haavelmo's probability approach in econometrics and R. Fisher's Statistical Methods for Research Workers brought a statistical approach to bear on the Standard Model, quietly reversing the perspective of economics and the social sciences relative to that of physics. Where physicists, and Maxwell in particular, intuited scientific method as imposing stringent demands on the quality and interrelations of data, instruments, and theory in the name of inferential and comparative stability, statistical models and methods disconnected theory from data by removing the instrument as an essential component. New possibilities for reconnecting economics and the social sciences to Maxwell's sense of the method of analogy are found in Rasch's probabilistic models for measurement.

  3. Time Series Econometrics for the 21st Century

    Science.gov (United States)

    Hansen, Bruce E.

    2017-01-01

    The field of econometrics largely started with time series analysis because many early datasets were time-series macroeconomic data. As the field developed, more cross-sectional and longitudinal datasets were collected, which today dominate the majority of academic empirical research. In nonacademic (private sector, central bank, and governmental)…

  4. Selection bias in species distribution models: An econometric approach on forest trees based on structural modeling

    Science.gov (United States)

    Martin-StPaul, N. K.; Ay, J. S.; Guillemot, J.; Doyen, L.; Leadley, P.

    2014-12-01

    Species distribution models (SDMs) are widely used to study and predict the outcome of global changes on species. In human dominated ecosystems the presence of a given species is the result of both its ecological suitability and human footprint on nature such as land use choices. Land use choices may thus be responsible for a selection bias in the presence/absence data used in SDM calibration. We present a structural modelling approach (i.e. based on structural equation modelling) that accounts for this selection bias. The new structural species distribution model (SSDM) estimates simultaneously land use choices and species responses to bioclimatic variables. A land use equation based on an econometric model of landowner choices was joined to an equation of species response to bioclimatic variables. SSDM allows the residuals of both equations to be dependent, taking into account the possibility of shared omitted variables and measurement errors. We provide a general description of the statistical theory and a set of applications on forest trees over France using databases of climate and forest inventory at different spatial resolution (from 2km to 8km). We also compared the outputs of the SSDM with outputs of a classical SDM (i.e. Biomod ensemble modelling) in terms of bioclimatic response curves and potential distributions under current climate and climate change scenarios. The shapes of the bioclimatic response curves and the modelled species distribution maps differed markedly between SSDM and classical SDMs, with contrasted patterns according to species and spatial resolutions. The magnitude and directions of these differences were dependent on the correlations between the errors from both equations and were highest for higher spatial resolutions. A first conclusion is that the use of classical SDMs can potentially lead to strong miss-estimation of the actual and future probability of presence modelled. Beyond this selection bias, the SSDM we propose represents

  5. ECONOMETRIC ANALYSIS OF CEREAL DEMAND IN MOROCCO USING THE ALMOST IDEAL DEMAND SYSTEM

    Directory of Open Access Journals (Sweden)

    Sara Essaten

    2018-04-01

    Full Text Available Following up the agricultural policy in Morocco and enforcing it, the new strategy Green Morocco Plan (GMP launched in 2008 also stressed on the cereals’ supply. Meantime, despite their significant nutritional role, little attention has been paid to the demand side. This paper intends to perform an econometric analysis of the demand of five main cereals - Common wheat, Durum wheat, Barley, Corn and Rice- using a linear version of the flexible Almost Ideal Demand System (LA/AIDS model. A Seemingly Unrelated Regression (SUR approach has been applied to the demand system equations with annual data covering the period from 1980 to 2015. At the overall, regular econometric restrictions (stability, structural separability, validity, etc. have been respected our results suggest that the relations of complementarity or substitution are not determining in the cereal bundle in Morocco. Also, the Moroccan consumer behavior is characterized by a strong sensibility towards common wheat price’s changes and by a difficult access for the durum wheat as it is considered as luxury good.

  6. Climate Change Adaptation via U.S. Land Use Transitions: A Spatial Econometric Analysis

    OpenAIRE

    Cho, Sung Ju; McCarl, Bruce A.; Wu, Ximing

    2015-01-01

    Climate change, coupled with biofuels development and other factors may well be changing US land usage patterns. We use a spatial econometric approach to estimate the drivers of US land use transitions in recent years. We consider transitions between six major land uses: agricultural land, forest, grassland, water, urban, and other uses. To examine drivers, we use a two-step linearized, spatial, multinomial logit model and estimate land use transition probabilities. Our results indicate that ...

  7. ECONOMETRIC FORECAST OF AGRICULTURAL SECTOR INVESTING IN LVOV REGION

    Directory of Open Access Journals (Sweden)

    Rostyslav Lytvyn

    2014-07-01

    Full Text Available Purpose of economic processes forecasting in agriculture is more relevant and urgent in recent years with application of applied econometric methods. In represented research paper, these methods are used to forecast investment and the main agricultural industry indicators of Lvov region of Ukraine. The linear trend model, the parabolic trend model and the exponential trend model were elaborated from the period from 2000 to 2009 in this scientific study using applied statistical tool STATGRAFICS and EXCEL spreadsheets. And with assistance of these models forecast for investment on the basis of data of essential indicators of agrarian sector of the region for 2010 and 2011 was made. All models with probability р=0,95 are adequate experimental data for 2000-2009 years, that allow to make the forecast of investments and main agricultural indicators of the researched region by these models for 2010 and 2011 years. Nevertheless, it should be pointed out that, because of small amount of input data analysis of regression equations coefficients have more qualitative than quantitative influence upon resulting variable y6.

  8. Informing Ex Ante Event Studies with Macro-Econometric Evidence on the Structural and Policy Impacts of Terrorism.

    Science.gov (United States)

    Nassios, Jason; Giesecke, James A

    2018-04-01

    Economic consequence analysis is one of many inputs to terrorism contingency planning. Computable general equilibrium (CGE) models are being used more frequently in these analyses, in part because of their capacity to accommodate high levels of event-specific detail. In modeling the potential economic effects of a hypothetical terrorist event, two broad sets of shocks are required: (1) physical impacts on observable variables (e.g., asset damage); (2) behavioral impacts on unobservable variables (e.g., investor uncertainty). Assembling shocks describing the physical impacts of a terrorist incident is relatively straightforward, since estimates are either readily available or plausibly inferred. However, assembling shocks describing behavioral impacts is more difficult. Values for behavioral variables (e.g., required rates of return) are typically inferred or estimated by indirect means. Generally, this has been achieved via reference to extraneous literature or ex ante surveys. This article explores a new method. We elucidate the magnitude of CGE-relevant structural shifts implicit in econometric evidence on terrorist incidents, with a view to informing future ex ante event assessments. Ex post econometric studies of terrorism by Blomberg et al. yield macro econometric equations that describe the response of observable economic variables (e.g., GDP growth) to terrorist incidents. We use these equations to determine estimates for relevant (unobservable) structural and policy variables impacted by terrorist incidents, using a CGE model of the United States. This allows us to: (i) compare values for these shifts with input assumptions in earlier ex ante CGE studies; and (ii) discuss how future ex ante studies can be informed by our analysis. © 2017 Society for Risk Analysis.

  9. Recent Developments in Financial Economics and Econometrics: An Overview

    NARCIS (Netherlands)

    C-L. Chang (Chia-Lin); D.E. Allen (David); M.J. McAleer (Michael)

    2013-01-01

    textabstractResearch papers in empirical finance and financial econometrics are among the most widely cited, downloaded and viewed articles in the discipline of Finance. The special issue presents several papers by leading scholars in the field on “Recent Developments in Financial Economics and

  10. ECONOMETRIC ANALYSIS OF SHORT-RUN AND LONG-RUN ...

    African Journals Online (AJOL)

    IBUKUN

    1Onoja, A. O. , 2Achike, A. I. and 3Ajibade, T. B.*. 1Department of ... Bank Data Base (1971-2011) which were subjected to econometric tests before applying the ... workforce is involved in agriculture and the sector makes up 32% of the continent‟s GDP. (Halilu ... solving the problems of unemployment and poverty. One of ...

  11. Simulation of the system, Energy, Environment, and Economy. Economic model of Baden--Wuerttemberg. Part 1. [In German

    Energy Technology Data Exchange (ETDEWEB)

    Ruehle, G.

    1977-04-01

    The energy consumption of industry and private households in a country is closely linked with the amount and development of the GNP and the available income. Instead of extrapolations, a dynamic econometric model was developed based on the Keynesian theory and the data of 1960 to 1974 relating to national accounts. The economic ties between Baden--Wuertemberg and the FRG are to be insured by a subsequent coupling to an FRG model. The first part of this paper basically deals with the fundamentals of the model. An introduction to the problems given by the project is followed by the theoretical economic conception and methodical bases of the model, as well as a discussion of various possible versions of behavior equations. From a set of possible versions of a behavior equation one version, possibly with an alternative for the model simulation in the second part, is selected.

  12. Spatial econometric model of natural disaster impacts on human migration in vulnerable regions of Mexico.

    Science.gov (United States)

    Saldaña-Zorrilla, Sergio O; Sandberg, Krister

    2009-10-01

    Mexico's vast human and environmental diversity offers an initial framework for comprehending some of the prevailing great disparities between rich and poor. Its socio-economic constructed vulnerability to climatic events serves to expand this understanding. Based on a spatial econometric model, this paper tests the contribution of natural disasters to stimulating the emigration process in vulnerable regions of Mexico. Besides coping and adaptive capacity, it assesses the effects of economic losses due to disasters as well as the adverse production and trade conditions of the 1990s on emigration rates in 2000 at the municipality level. Weather-related disasters were responsible for approximately 80 per cent of economic losses in Mexico between 1980 and 2005, mostly in the agricultural sector, which continues to dominate many parts of the country. It is dramatic that this sector generates around only four per cent of gross domestic product but provides a livelihood to about one-quarter of the national population. It is no wonder, therefore, that most emigration from this country arises in vulnerable rural areas.

  13. Synthesizing Econometric Evidence: The Case of Demand Elasticity Estimates.

    Science.gov (United States)

    DeCicca, Philip; Kenkel, Don

    2015-06-01

    Econometric estimates of the responsiveness of health-related consumer demand to higher prices are often key ingredients for risk policy analysis. We review the potential advantages and challenges of synthesizing econometric evidence on the price-responsiveness of consumer demand. We draw on examples of research on consumer demand for health-related goods, especially cigarettes. We argue that the overarching goal of research synthesis in this context is to provide policy-relevant evidence for broad-brush conclusions. We propose three main criteria to select among research synthesis methods. We discuss how in principle and in current practice synthesis of research on the price-elasticity of smoking meets our proposed criteria. Our analysis of current practice also contributes to academic research on the specific policy question of the effectiveness of higher cigarette prices to reduce smoking. Although we point out challenges and limitations, we believe more work on research synthesis in this area will be productive and important. © 2015 Society for Risk Analysis.

  14. What is mLearning and How Can It Be Used to Support Learning and Teaching in Econometrics?

    Science.gov (United States)

    Morales, Lucia

    2013-01-01

    The aim of case this study was to analyze the integration of mobile learning technologies in a postgraduate course in Finance (MSc in Finance) at Dublin Institute of Technology, where econometrics is an important course component. Previous experience with students undertaking econometrics modules supported this analysis, where the researcher…

  15. VISUAL-SEVEIF, a tool for integrating fire behavior simulation and economic evaluation of the impact of Wildfires

    Science.gov (United States)

    Francisco Rodríguez y Silva; Juan Ramón Molina Martínez; Miguel Ángel Herrera Machuca; Jesús Mª Rodríguez Leal

    2013-01-01

    Progress made in recent years in fire science, particularly as applied to forest fire protection, coupled with the increased power offered by mathematical processors integrated into computers, has led to important developments in the field of dynamic and static simulation of forest fires. Furthermore, and similarly, econometric models applied to economic...

  16. A spatial econometric analysis of land-use change with land cover trends data: an application to the Pacific Northwest

    Science.gov (United States)

    David J. Lewis; Ralph J. Alig

    2014-01-01

    This paper develops a plot-level spatial econometric land-use model and estimates it with U.S. Geological Survey Land Cover Trends (LCT) geographic information system panel data for the western halves of the states of Oregon and Washington. The discrete-choice framework we use models plot-scale choices of the three dominant land uses in this region: forest, agriculture...

  17. ECONOMETRIC APPROACH OF HETEROSKEDASTICITY ON FINANCIAL TIME SERIES IN A GENERAL FRAMEWORK

    Directory of Open Access Journals (Sweden)

    FELICIA RAMONA BIRĂU

    2012-12-01

    Full Text Available The aim of this paper is to provide an overview of the diagnostic tests for detecting heteroskedasticity on financial time series. In financial econometrics, heteroskedasticity is generally associated with cross sectional data but can also be identified modeling time series data. The presence of heteroscedasticity in financial time series can be caused by certain specific factors, like a model misspecification, inadequate data transformation or as a result of certain outliers. Heteroskedasticity arise when the homoskedasticity assumption is violated. Testing for the presence of heteroskedasticity in financial time is performed by applying diagnostic test, such as : Breusch-Pagan LM test, White’s test, Glesjer LM test, Harvey-Godfrey LM test, Park LM test and Goldfeld-Quand test.

  18. Econometric Analysis on Developing Decision to Promote an Investment Object of Small Business

    Directory of Open Access Journals (Sweden)

    Cristina Gabriela ZAMFIR

    2014-12-01

    Full Text Available Econometric applications should be used for decision making on economic issues of the day. One of the most important is access to finance sources, a vital field to the country's economic activity. Accessing funding source involves feasibility studies for decision making on opening funding. Therefore, I decided to approach applied econometrics in the feasibility studies: I avoided advanced software applications, limiting to universally accepted methodology of the World Bank and the functions for calculating Excel spreadsheet-success of a feasibility study is correctness and depth of analysis and processing raw data, not in getting and keeping a reputable software.

  19. Tourism Economics in Sri Lanka: An Econometric Analysis

    Directory of Open Access Journals (Sweden)

    Prasanna-Perera Lalith Welgamage

    2015-01-01

    Full Text Available Sri Lanka aims to transform its tourism sector into one of the largest foreign exchange earners in 2016 by attracting 2.5 million high spending tourists. Tourism was ranked as the fifth largest source of foreign exchange earnings in 2012, and third largest in 2013 contributing 5.2 percent to total foreign earnings of the country. Further to this, the Sri Lankan government also identified tourism as a major hub of the country’s economy. Given the multi-dimensional impact the sector has on the country’s economy, it has to be examined systematically. This paper develops an econometric model based on the Cobb-Douglas function to analyze the relation between foreign exchange earnings, tourist arrivals, tourist prices, and tourist spending and direct employment in tourism. These variables of tourism are estimated utilizing model parameters such as R-Studio based on data from the sample period from 2002 to 2013. The formula presented in this study can be used by policy makers to calculate future foreign exchange earnings, employment, arrivals and prices related to tourism in Sri Lanka.

  20. Econometric studies of urban population density: a survey.

    Science.gov (United States)

    Mcdonald, J F

    1989-01-01

    This paper presents the 1st reasonably comprehensive survey of empirical research of urban population densities since the publication of the book by Edmonston in 1975. The survey summarizes contributions to empirical knowledge that have been made since 1975 and points toward possible areas for additional research. The paper also provides a brief interpretative intellectual history of the topic. It begins with a personal overview of research in the field. The next section discusses econometric issues that arise in the estimation of population density functions in which density is a function only of a distance to the central business district of the urban area. Section 4 summarizes the studies of a single urban area that went beyond the estimation of simple distance-density functions, and Section 5 discusses studies that sought to explain the variations across urban areas in population density patterns. McDonald refers to the standard theory of urban population density throughout the paper. This basic model is presented in the textbook by Mills and Hamilton and it is assumed that the reader is familiar with the model.

  1. Simulating Quantile Models with Applications to Economics and Management

    Science.gov (United States)

    Machado, José A. F.

    2010-05-01

    The massive increase in the speed of computers over the past forty years changed the way that social scientists, applied economists and statisticians approach their trades and also the very nature of the problems that they could feasibly tackle. The new methods that use intensively computer power go by the names of "computer-intensive" or "simulation". My lecture will start with bird's eye view of the uses of simulation in Economics and Statistics. Then I will turn out to my own research on uses of computer- intensive methods. From a methodological point of view the question I address is how to infer marginal distributions having estimated a conditional quantile process, (Counterfactual Decomposition of Changes in Wage Distributions using Quantile Regression," Journal of Applied Econometrics 20, 2005). Illustrations will be provided of the use of the method to perform counterfactual analysis in several different areas of knowledge.

  2. An econometric investigation of the sunspot number record since the year 1700 and its prediction into the 22nd century

    Science.gov (United States)

    Travaglini, Guido

    2015-09-01

    Solar activity, as measured by the yearly revisited time series of sunspot numbers (SSN) for the period 1700-2014 (Clette et al., 2014), undergoes in this paper a triple statistical and econometric checkup. The conclusions are that the SSN sequence: (1) is best modeled as a signal that features nonlinearity in mean and variance, long memory, mean reversion, 'threshold' symmetry, and stationarity; (2) is best described as a discrete damped harmonic oscillator which linearly approximates the flux-transport dynamo model; (3) its prediction well into the 22nd century testifies of a substantial fall of the SSN centered around the year 2030. In addition, the first and last Gleissberg cycles show almost the same peak number and height during the period considered, yet the former slightly prevails when measured by means of the estimated smoother. All of these conclusions are achieved by making use of modern tools developed in the field of Financial Econometrics and of two new proposed procedures for signal smoothing and prediction.

  3. ECONOMETRIC MODELLING OD THE INFLUENCE OF LAKE WATER QUALITY CHANGES ON FISHING ECONOMY

    Directory of Open Access Journals (Sweden)

    Marek Antoni Ramczyk

    2017-06-01

    Full Text Available The econometric model can be a precise instrument for the analysis of the impact of the natural environment's degradation on fishing economy. This paper aims at analysing the influence of the water quality changes in lake Charzykowskie on the fishing economy. This dissertation present the results of a research on the lake water pollution's impact on fishing economy. The economic-ecological models have been constructed, explaining the changes of economic effects of the lake fishery in the conditions of an increasing water pollution in the epilimnion on the example of the catch of Rutilus rutilus, Abramis brama, Blicca bjoerkna, Coregonus albula, Coregonus lavaretus, Anguilla anguilla and Esox lucius in Lake Charzykowskie. Performed empirical research looked into the influence of the environmental factors on the size of fish catch. Calculations and analysis show clearly that though the habitat factors do influence the catch size of each studied fish species, they do it with different intensity and in various combinations. Both lake water quality and climate factors changes cause measurable effects on fishing industry of lake Charzykowskie. Among all the examined Rutilus rutilus, Abramis brama and Blicca bjoerkna the highest environmental requirements concerning water quality has Blicca bjoerkna. Whereas Abramis brama has slightly higher environmental requirements than Rutilus rutilus. Empirical calculations showed as well that Coregonus albula and Coregonus lavaretus have considerably higher water cleanness requirements than Rutilus rutilus, Abramis brama and Blicca bjoerkna. While when talking about Rutilus rutilus, Abramis brama and Blicca bjoerkna, most water characteristics still rather stimulated these species' development, when it comes to Coregonus albula and Coregonus lavaretus, in general they suppressed their development. The model has also proved quite high habitat requierements of Anquilla anquilla and correctness of the thesis that

  4. Accounting for selection bias in species distribution models: An econometric approach on forested trees based on structural modeling

    Science.gov (United States)

    Ay, Jean-Sauveur; Guillemot, Joannès; Martin-StPaul, Nicolas K.; Doyen, Luc; Leadley, Paul

    2015-04-01

    Species distribution models (SDMs) are widely used to study and predict the outcome of global change on species. In human dominated ecosystems the presence of a given species is the result of both its ecological suitability and human footprint on nature such as land use choices. Land use choices may thus be responsible for a selection bias in the presence/absence data used in SDM calibration. We present a structural modelling approach (i.e. based on structural equation modelling) that accounts for this selection bias. The new structural species distribution model (SSDM) estimates simultaneously land use choices and species responses to bioclimatic variables. A land use equation based on an econometric model of landowner choices was joined to an equation of species response to bioclimatic variables. SSDM allows the residuals of both equations to be dependent, taking into account the possibility of shared omitted variables and measurement errors. We provide a general description of the statistical theory and a set of application on forested trees over France using databases of climate and forest inventory at different spatial resolution (from 2km to 8 km). We also compared the output of the SSDM with outputs of a classical SDM in term of bioclimatic response curves and potential distribution under current climate. According to the species and the spatial resolution of the calibration dataset, shapes of bioclimatic response curves the modelled species distribution maps differed markedly between the SSDM and classical SDMs. The magnitude and directions of these differences were dependent on the correlations between the errors from both equations and were highest for higher spatial resolutions. A first conclusion is that the use of classical SDMs can potentially lead to strong miss-estimation of the actual and future probability of presence modelled. Beyond this selection bias, the SSDM we propose represents a crucial step to account for economic constraints on tree

  5. An economic framework for forecasting land-use and ecosystem change

    International Nuclear Information System (INIS)

    Lewis, David J.

    2010-01-01

    This paper develops a joint econometric-simulation framework to forecast detailed empirical distributions of the spatial pattern of land-use and ecosystem change. In-sample and out-of-sample forecasting tests are used to examine the performance of the parcel-scale econometric and simulation models, and the importance of multiple forecasting challenges is assessed. The econometric-simulation method is integrated with an ecological model to generate forecasts of the probability of localized extinctions of an amphibian species. The paper demonstrates the potential of integrating economic and ecological models to generate ecological forecasts in the presence of alternative market conditions and land-use policy constraints. (author)

  6. Computationally intensive econometrics using a distributed matrix-programming language.

    Science.gov (United States)

    Doornik, Jurgen A; Hendry, David F; Shephard, Neil

    2002-06-15

    This paper reviews the need for powerful computing facilities in econometrics, focusing on concrete problems which arise in financial economics and in macroeconomics. We argue that the profession is being held back by the lack of easy-to-use generic software which is able to exploit the availability of cheap clusters of distributed computers. Our response is to extend, in a number of directions, the well-known matrix-programming interpreted language Ox developed by the first author. We note three possible levels of extensions: (i) Ox with parallelization explicit in the Ox code; (ii) Ox with a parallelized run-time library; and (iii) Ox with a parallelized interpreter. This paper studies and implements the first case, emphasizing the need for deterministic computing in science. We give examples in the context of financial economics and time-series modelling.

  7. Currency Crisis in Sudan in 2012: An Econometric Analysis

    Directory of Open Access Journals (Sweden)

    Alamedin Bannaga, Dr.

    2015-06-01

    Full Text Available The Sudan currency crisis in 2012 occurred when the Sudanese pound lost 66 percent of its value against the US dollar. In this article we adopt statistical methods such as the signal approach and econometric methods such as the Probit Model for identifying and evaluating the currency crisis. We utilize some economic indicators that have the ability to predict the crisis. We examined the capability of these indicators in generating an early warning system for Sudan currency crisis. The study confirms that the incidence of currency crisis in Sudan increases by increase in inflation rate, increase in import percentage of GDP, rise in claims against the central government, reduction in external reserves and existence of political crisis. Moreover, the study finds that the most important predictor of currency crisis in Sudan is decline in external reserves.

  8. The Status of Econometrics in the Economics Major: A Survey

    Science.gov (United States)

    Johnson, Bruce K.; Perry, John J.; Petkus, Marie

    2012-01-01

    In this article, the authors describe the place of econometrics in undergraduate economics curricula in all American colleges and universities that offer economics majors as listed in the "U.S. News & World Report" "Best Colleges 2010" guide ("U.S. News & World Report" 2009). Data come from online catalogs, departmental Web sites, and online…

  9. Market Failure In African Agricultural Marketing Systems: An Econometric Testing And Analysis Of Market Efficiency

    OpenAIRE

    Gbolahan S. Osho

    2011-01-01

    The last few years have seen substantial revivals of interest in the determinants of economic growth in Africa, especially in the Sub-Saharan Africa. This paper provides an econometric model that help to examine the impact of market share, interest rate and non-economic factors such as external shocks, structural adjustment policies on the GDP of Sub-Saharan Africa. Economic development data covering the period of 1970 to 2004 was used in estimation with ordinary least square (OLS). The resul...

  10. The econometrics of violence, terrorism and scenarios for peace in Colombia from 1950 to 2019

    OpenAIRE

    Gomez-Sorzano, Gustavo

    2006-01-01

    Abstract: This paper continues a research born in 1993 as a consequence of the concern regarding the increase in Colombian violence, and especially for its escalation during the 1990’s, its objective is to create an econometric model capable of forecasting the path of terrorist murder under different policy options and helping the country in the design of a state policy drawing the lineaments for reaching the pacification of the country. In the first part I use The Beveridge and Nelson decom...

  11. Airborne incidents : an econometric analysis of severity, December 31, 2014 : technical summary

    Science.gov (United States)

    2014-12-31

    This is a technical summary of the Airborne Incidents: An Econometric Analysis of Severity main report. : Airborne loss of separation incidents occur when an aircraft breaches the defined separation limit (vertical and/or horizontal) with anoth...

  12. What is mLearning and how can it be used to support learning and teaching in Econometrics?

    Directory of Open Access Journals (Sweden)

    Lucia Morales

    2012-11-01

    Full Text Available This research project analyzed the integration of mobile learning technologies in a postgraduate course in Finance (MSc in Finance at Dublin Institute of Technology, where econometrics is an important course component. Previous experience with students undertaking econometrics modules supported this analysis, where the researcher detected a clear need for learning support. Econometrics courses are heavily supported by the use of sophisticated statistical software, the availability of which is normally restricted to designated labs in the college. As a result, this project has developed an application that facilitates students’ access to econometrics course work, where a mobile device was used. The main objective of the project was to enable students to bring their course material home with them and use it anywhere, at any time, so that the basic material covered in class could be consulted and reviewed as many times as the students need. The results of this project are very encouraging, as evidence suggests mobile technologies can play a positive role in improving students’ learning experience. Teachers should consider using mobile technologies to support their work in the classroom. In this context, smart phones and PC tablets, the devices used during this study, have proved to be particularly effective. DOI: 10.18870/hlrc.v3i1.69

  13. Econometric modelling for the analysis of carbon tax impacts in Korea - with an emphasis on the role of nuclear power

    International Nuclear Information System (INIS)

    Lee, M.K.; Kim, S.S.; Moon, K.H.; Song, K.D.; Choi, Y.M.

    1997-01-01

    It is very important to take a look at the role of nuclear energy within the framework of energy demand and supply when the international environmental regulation is imposed. The main purpose of this study is to estimate the effect of imposition of carbon tax on energy sector in Korea. To do so, an econometric simulation model was developed. The model is composed of not only energy part in detail but also economic activity part in a rather simple manner. To analyze the electric sector in detail, energy block is divided into the electric and the non-electric energy sector. In the electric sector there are four blocks such as demand, conversion efficiency, fuel, and price. Several carbon tax scenarios were assumed to figure out the impacts on such variables as C0 sub 2 emissions, GDP, energy demand and price. After estimating the carbon tax effects, another set of scenario was created in analyzing the possible role of nuclear power for alleviating the impacts from carbon tax. From the results it is found that the national economy is significantly influenced according to which regulation is adopted. If international regulation is imposed on the quantity of total carbon emission, the impact is so severe that Korean economy could not stand alone. Therefore, the economy cannot overcome the impact from the regulation only by the increased share of nuclear. However, if the regulation is imposed on the quantity of carbon emission proportional to population instead of total carbon emission, it would bring definitely better opportunity to the Korean economy. In the latter case, there is room that nuclear can contribute. If the share of nuclear increases up to 60% in 2020 instead of 45%, GDP would rise by 1.9% while the electricity price lower by 46%. The model could be used in other purposed such as studies on the impacts from fuel prices increases, from capital investment costs increases, and so on

  14. Econometric Assessment of "One Minute" Paper as a Pedagogic Tool

    Science.gov (United States)

    Das, Amaresh

    2010-01-01

    This paper makes an econometric testing of one-minute paper used as a tool to manage and assess instruction in my statistics class. One of our findings is that the one minute paper when I have tested it by using an OLS estimate in a controlled Vs experimental design framework is found to statistically significant and effective in enhancing…

  15. An econometric time-series analysis of global CO2 concentrations and emissions

    International Nuclear Information System (INIS)

    Cohen, B.C.; Labys, W.C.; Eliste, P.

    2001-01-01

    This paper extends previous work on the econometric modelling of CO 2 concentrations and emissions. The importance of such work rests in the fact that models of the Cohen-Labys variety represent the only alternative to scientific or physical models of CO 2 accumulations whose parameters are inferred rather than estimated. The stimulation for this study derives from the recent discovery of oscillations and cycles in the net biospheric flux of CO 2 . A variety of time series tests is thus used to search for the presence of normality, stationarity, cyclicality and stochastic processes in global CO 2 emissions and concentrations series. Given the evidence for cyclicality of a short-run nature in the spectra of these series, both structural time series and error correction model are applied to confirm the frequency and amplitude of these cycles. Our results suggest new possibilities for determining equilibrium levels of CO 2 concentrations and subsequently revising stabilization policies. (Author)

  16. How to decode Unemployment Persistence: An econometric framework for identifying and comparing the sources of persistence

    DEFF Research Database (Denmark)

    Møller, Niels Framroze

    2016-01-01

    Most econometric analyses of persistence focus on the existence of non-stationary unemployment but not the origin of this. The present research contains a multivariate econometric framework for identifying and comparing different sources of unemployment persistence (e.g. hysteresis versus a slowly...... moving equilibrium rate). A small example, considering historical data (1988-2006) for the UK, demonstrates how the method can be applied in practice. Although this primarily serves as an illustration, the evidence clearly suggests that persistence was due to a slowly moving equilibrium (driven...

  17. Risk-adjusted econometric model to estimate postoperative costs: an additional instrument for monitoring performance after major lung resection.

    Science.gov (United States)

    Brunelli, Alessandro; Salati, Michele; Refai, Majed; Xiumé, Francesco; Rocco, Gaetano; Sabbatini, Armando

    2007-09-01

    The objectives of this study were to develop a risk-adjusted model to estimate individual postoperative costs after major lung resection and to use it for internal economic audit. Variable and fixed hospital costs were collected for 679 consecutive patients who underwent major lung resection from January 2000 through October 2006 at our unit. Several preoperative variables were used to develop a risk-adjusted econometric model from all patients operated on during the period 2000 through 2003 by a stepwise multiple regression analysis (validated by bootstrap). The model was then used to estimate the postoperative costs in the patients operated on during the 3 subsequent periods (years 2004, 2005, and 2006). Observed and predicted costs were then compared within each period by the Wilcoxon signed rank test. Multiple regression and bootstrap analysis yielded the following model predicting postoperative cost: 11,078 + 1340.3X (age > 70 years) + 1927.8X cardiac comorbidity - 95X ppoFEV1%. No differences between predicted and observed costs were noted in the first 2 periods analyzed (year 2004, $6188.40 vs $6241.40, P = .3; year 2005, $6308.60 vs $6483.60, P = .4), whereas in the most recent period (2006) observed costs were significantly lower than the predicted ones ($3457.30 vs $6162.70, P model may be used as a methodologic template for economic audit in our specialty and complement more traditional outcome measures in the assessment of performance.

  18. An econometric analysis of a regional power company and evaluation of its investment policies by using optimal control technique: The case of New York State Electric and Gas Corporation

    Science.gov (United States)

    Guney, Esat Serhat

    1997-12-01

    This study, in its first part, explores the basic parameters of a power market in a utility district. The analysis of this market, naturally, includes a demand and a supply side and the interactions between the two. The econometric model is built to simulate the system of operations of one specific utility company, namely NYSEG (New York State Electric & Gas Corporation), one of seven major Investor-Owned-Utility Companies in New York State. The company serves about 17,000 square miles, or more than one third of the state's land, and one tenth of its population. The study uses time-series data covering 1960 to 1994 for more than fifty variables. The econometric analysis performs both single equation and system estimations and yields short-run vs. long-run and direct vs. total elasticity estimates, which are crucial for any producer in the market place. In the second part of this research, an optimal control procedure is used to evaluate NYSEG's investment policies retrospectively. For control calculations, a simplified linear version of the system of equations is used. Due to its constrained nature (both by being linear and having low degrees of freedom), the optimal control component mainly serves as an educational tool in microeconomic modeling. Lastly, we performed Exploratory Data Analysis for the data we employed. This was done to justify the use of certain parametric test procedures performed in the process basically by checking whether the implicit assumptions of normality and the randomness hold.

  19. Econometric analysis of the effect of marketing costs on grain prices ...

    African Journals Online (AJOL)

    Econometric analysis of the effect of marketing costs on grain prices in Kaduna State of Nigeria. JAL Effiong. Abstract. No Abstract. Journal of Agriculture and Social Research Vol. 6 (1) 2006: pp. 11-14. Full Text: EMAIL FREE FULL TEXT EMAIL FREE FULL TEXT · DOWNLOAD FULL TEXT DOWNLOAD FULL TEXT.

  20. Indirect Taxes in Romania – an Econometric Analysis

    Directory of Open Access Journals (Sweden)

    Daniela Penu

    2016-03-01

    Full Text Available Indirect taxes have a significant weight in the GDP. Statistical data reveals that the new states that joined the EU in its funding sources to the greatest extent through indirect taxes. They reveal, on the one hand, reducing the tax burden on the producer, and on the other hand, the difficulty faced by the country in direct tax collection, but also some problems of social nature. This article proposes an econometric analysis of the relationship between indirect taxes and household final consumption expenditure.

  1. AN ECONOMETRIC ANALYSIS ON THE ECONOMIC DETERMINANTS OF FOREIGN DIRECT INVESTMENTS IN TURKEY

    Directory of Open Access Journals (Sweden)

    SEVDA YAPRAKLI

    2013-06-01

    Full Text Available The purpose of this study is to investigate whether there is a relationship among foreign direct investment and some of the macroeconomics variables in Turkey. For this purpose for the period of 1970-2006, the relationships among foreign direct investment and GDP, labour cost, real exchange rate, openness and foreign trade deficit are econometrically analyzed by employing multivariate cointegration analysis and error correction model. According to the results, FDI is positively effected by GDP and openness, and negatively by labour cost, real exchange rate ve foreign trade deficit variables. Morever, bi-directional causality is observed among FDI and GDP and real exchange rate.

  2. Direct estimates of unemployment rate and capacity utilization in macroeconometric models

    Energy Technology Data Exchange (ETDEWEB)

    Klein, L R [Univ. of Pennsylvania, Philadelphia; Su, V

    1979-10-01

    The problem of measuring resource-capacity utilization as a factor in overall economic efficiency is examined, and a tentative solution is offered. A macro-econometric model is applied to the aggregate production function by linking unemployment rate and capacity utilization rate. Partial- and full-model simulations use Wharton indices as a filter and produce direct estimates of unemployment rates. The simulation paths of durable-goods industries, which are more capital-intensive, are found to be more sensitive to business cycles than the nondurable-goods industries. 11 references.

  3. Econometric estimation of investment utilization, adjustment costs, and technical efficiency in Danish pig farms using hyperbolic distance functions

    DEFF Research Database (Denmark)

    Henningsen, Arne; Fabricius, Ole; Olsen, Jakob Vesterlund

    2014-01-01

    Based on a theoretical microeconomic model, we econometrically estimate investment utilization, adjustment costs, and technical efficiency in Danish pig farms based on a large unbalanced panel dataset. As our theoretical model indicates that adjustment costs are caused both by increased inputs...... of investment activities by the maximum likelihood method so that we can estimate the adjustment costs that occur in the year of the investment and the three following years. Our results show that investments are associated with significant adjustment costs, especially in the year in which the investment...

  4. Firing the furnace? An econometric analysis of utilities' fuel choice

    International Nuclear Information System (INIS)

    Tauchmann, H.

    2006-01-01

    This paper attempts to estimate how the fuel mix of German electricity producers does react to fuel price changes. The empirical analysis is based on panel data (1968-1998) of major utilities. Two different aspects of fuel choice are distinguished: at the one hand, the construction of usually fuel-specific capacities for electric power generation, i.e. investment decisions that determine the fuel mix in the long run; at the other, fuel use conditional on existing generation capacities, i.e. short-run inter-fuel substitution. According to the results from panel unit root tests, both the econometric models which describe these two aspects are specified in changes rather than levels. The partly discrete nature of investment decisions is taken into account, by constructing a discrete model of capacity adjustment. Our estimation results suggest that the fuel mix of electric utilities is price inelastic either if long-term investment or short-term inter-fuel substitution is considered. Finally, the empirical results are used to predict the potential impacts of CO 2 emissions trading on fuel choice in the German electric power industry

  5. Firing the furnace? An econometric analysis of utilities' fuel choice

    International Nuclear Information System (INIS)

    Tauchmann, H.

    2006-01-01

    This paper attempts to estimate how the fuel mix of German electricity producers does react to fuel price changes. The empirical analysis is based on panel data (1968-1998) of major utilities. Two different aspects of fuel choice are distinguished: at the one hand, the construction of usually fuel-specific capacities for electric power generation, i.e. investment decisions that determine the fuel mix in the long run; at the other, fuel use conditional on existing generation capacities, i.e. short-run inter-fuel substitution. According to the results from panel unit root tests, both the econometric models which describe these two aspects are specified in changes rather than levels. The partly discrete nature of investment decisions is taken into account, by constructing a discrete model of capacity adjustment. Our estimation results suggest that the fuel mix of electric utilities is price inelastic either if long-term investment or short-term inter-fuel substitution is considered. Finally, the empirical results are used to predict the potential impacts of CO 2 emissions trading on fuel choice in the German electric power industry. (Author)

  6. Oil price volatility: An Econometric Analysis of the WTI Market

    International Nuclear Information System (INIS)

    Hache, Emmanuel; Lantz, Frederic

    2011-04-01

    The aim of this paper is to study the oil price volatility in West Texas Intermediate (WTI) market in the US. By using statistical and econometric tools, we first attempt to identify the long-term relationship between WTI spot prices and the prices of futures contracts on the New York Mercantile Exchange (NYMEX). Subsequently we model the short-term dynamic between these two prices and this analysis points up several breaks. On this basis, a short term Markov Switching Vectorial Error Correction model (MS-VECM) with two distinct states (standard state and crisis state) has been estimated. Finally we introduce the volumes of transactions observed on the NYMEX for the WTI contracts and we estimate the influence of the non-commercial players. We conclude that the hypothesis of an influence of noncommercial players on the probability for being in the crisis state cannot be rejected. In addition, we show that the rise in liquidity of the first financial contracts, as measured by the volume of open interest, is a key element to understand the dynamics in market prices. (authors)

  7. Teacher Salaries and Teacher Unions: A Spatial Econometric Approach

    OpenAIRE

    John V. Winters

    2011-01-01

    The author uses a spatial econometric framework to examine the determinants of teacher salaries in the United States, including union activity in the teachers' own and in neighboring districts, teacher salaries in nearby districts, and other school district characteristics such as size and student-teacher ratios. Using the 1999-2000 Schools and Staffing Survey as well as the School District Demographic System and Bureau of Labor Statistics data sets, he finds that union activity increases sal...

  8. Regional distribution of photovoltaic deployment in the UK and its determinants: A spatial econometric approach

    International Nuclear Information System (INIS)

    Balta-Ozkan, Nazmiye; Yildirim, Julide; Connor, Peter M.

    2015-01-01

    Photovoltaic (PV) panels offer significant potential for contributing to the UK's energy policy goals relating to decarbonisation of the energy system, security of supply and affordability. The substantive drop in the cost of panels since 2007, coupled with the introduction of the Feed-in Tariff (FiT) Scheme in 2010, has resulted in a rapid increase in installation of PV panels in the UK, from 26.5MWp in 2009 to over 5GW by the end of 2014. Yet there has been no comprehensive analysis of the determinants of PV deployment in the UK. This paper addresses this gap by employing spatial econometrics methods to a recently available data set at a fine geographical detail. Following a traditional regression analysis, a general to specific approach has been adopted where spatial variations in the relationships have been examined utilising the spatial Durbin model using the cross-sectional data relating to the UK NUTS level 3 data. Empirical results indicate that demand for electricity, population density, pollution levels, education level of households and housing types are among the factors that affect PV uptake in a region. Moreover Lagrange Multiplier test results indicate that the spatial Durbin model may be properly applied to describe the PV uptake relationship in the UK as there are significant regional spillover effects. - Highlights: • Spatial econometrics models applied to UK PV installation for the first time • Significant regional spillover effects are apparent. • Smaller households in highly polluted, less dense areas are the early adopters. • Strong substitution effect as high electricity spending induces PV installations. • Solar irradiation data are found to be significant.

  9. On the rise of Bayesian econometrics after Cowles Foundation Monographs 10, 14

    NARCIS (Netherlands)

    Baştürk, N.; Çakmak, C.; Pinar Ceyhan, S.; van Dijk, H.K.

    2014-01-01

    This paper starts with a brief description of the introduction of the likelihood approach in econometrics as presented in Cowles Foundation Monographs 10 and 14. A sketch is given of the criticisms on this approach mainly from the first group of Bayesian econometricians. Publication and citation

  10. Analysis of the Automobile Market : Modeling the Long-Run Determinants of the Demand for Automobiles : Volume 2. Simulation Analysis Using the Wharton EFA Automobile Demand Model

    Science.gov (United States)

    1979-12-01

    An econometric model is developed which provides long-run policy analysis and forecasting of annual trends, for U.S. auto stock, new sales, and their composition by auto size-class. The concept of "desired" (equilibrium) stock is introduced. "Desired...

  11. Land-use change and carbon sinks: Econometric estimation of the carbon sequestration supply function

    Energy Technology Data Exchange (ETDEWEB)

    Lubowski, Ruben N.; Plantinga, Andrew J.; Stavins, Robert N.

    2001-01-01

    Increased attention by policy makers to the threat of global climate change has brought with it considerable interest in the possibility of encouraging the expansion of forest area as a means of sequestering carbon dioxide. The marginal costs of carbon sequestration or, equivalently, the carbon sequestration supply function will determine the ultimate effects and desirability of policies aimed at enhancing carbon uptake. In particular, marginal sequestration costs are the critical statistic for identifying a cost-effective policy mix to mitigate net carbon dioxide emissions. We develop a framework for conducting an econometric analysis of land use for the forty-eight contiguous United States and employing it to estimate the carbon sequestration supply function. By estimating the opportunity costs of land on the basis of econometric evidence of landowners' actual behavior, we aim to circumvent many of the shortcomings of previous sequestration cost assessments. By conducting the first nationwide econometric estimation of sequestration costs, endogenizing prices for land-based commodities, and estimating land-use transition probabilities in a framework that explicitly considers the range of land-use alternatives, we hope to provide better estimates eventually of the true costs of large-scale carbon sequestration efforts. In this way, we seek to add to understanding of the costs and potential of this strategy for addressing the threat of global climate change.

  12. A joint econometric analysis of seat belt use and crash-related injury severity.

    Science.gov (United States)

    Eluru, Naveen; Bhat, Chandra R

    2007-09-01

    This paper formulates a comprehensive econometric structure that recognizes two important issues in crash-related injury severity analysis. First, the impact of a factor on injury severity may be moderated by various observed and unobserved variables specific to an individual or to a crash. Second, seat belt use is likely to be endogenous to injury severity. That is, it is possible that intrinsically unsafe drivers do not wear seat belts and are the ones likely to be involved in high injury severity crashes because of their unsafe driving habits. The preceding issues are considered in the current research effort through the development of a comprehensive model of seat belt use and injury severity that takes the form of a joint correlated random coefficients binary-ordered response system. To our knowledge, this is the first instance of such a model formulation and application not only in the safety analysis literature, but in the econometrics literature in general. The empirical analysis is based on the 2003 General Estimates System (GES) data base. Several types of variables are considered to explain seat belt use and injury severity levels, including driver characteristics, vehicle characteristics, roadway design attributes, environmental factors, and crash characteristics. The results, in addition to confirming the effects of various explanatory variables, also highlight the importance of (a) considering the moderating effects of unobserved individual/crash-related factors on the determinants of injury severity and (b) seat belt use endogeneity. From a policy standpoint, the results suggest that seat belt non-users, when apprehended in the act, should perhaps be subjected to both a fine (to increase the chances that they wear seat belts) as well as mandatory enrollment in a defensive driving course (to attempt to change their aggressive driving behaviors).

  13. Application of econometric and ecology analysis methods in physics software

    Science.gov (United States)

    Han, Min Cheol; Hoff, Gabriela; Kim, Chan Hyeong; Kim, Sung Hun; Grazia Pia, Maria; Ronchieri, Elisabetta; Saracco, Paolo

    2017-10-01

    Some data analysis methods typically used in econometric studies and in ecology have been evaluated and applied in physics software environments. They concern the evolution of observables through objective identification of change points and trends, and measurements of inequality, diversity and evenness across a data set. Within each analysis area, various statistical tests and measures have been examined. This conference paper summarizes a brief overview of some of these methods.

  14. Forecasting space weather: Can new econometric methods improve accuracy?

    Science.gov (United States)

    Reikard, Gordon

    2011-06-01

    Space weather forecasts are currently used in areas ranging from navigation and communication to electric power system operations. The relevant forecast horizons can range from as little as 24 h to several days. This paper analyzes the predictability of two major space weather measures using new time series methods, many of them derived from econometrics. The data sets are the A p geomagnetic index and the solar radio flux at 10.7 cm. The methods tested include nonlinear regressions, neural networks, frequency domain algorithms, GARCH models (which utilize the residual variance), state transition models, and models that combine elements of several techniques. While combined models are complex, they can be programmed using modern statistical software. The data frequency is daily, and forecasting experiments are run over horizons ranging from 1 to 7 days. Two major conclusions stand out. First, the frequency domain method forecasts the A p index more accurately than any time domain model, including both regressions and neural networks. This finding is very robust, and holds for all forecast horizons. Combining the frequency domain method with other techniques yields a further small improvement in accuracy. Second, the neural network forecasts the solar flux more accurately than any other method, although at short horizons (2 days or less) the regression and net yield similar results. The neural net does best when it includes measures of the long-term component in the data.

  15. Econometrics in outcomes research: the use of instrumental variables.

    Science.gov (United States)

    Newhouse, J P; McClellan, M

    1998-01-01

    We describe an econometric technique, instrumental variables, that can be useful in estimating the effectiveness of clinical treatments in situations when a controlled trial has not or cannot be done. This technique relies upon the existence of one or more variables that induce substantial variation in the treatment variable but have no direct effect on the outcome variable of interest. We illustrate the use of the technique with an application to aggressive treatment of acute myocardial infarction in the elderly.

  16. Energy demand, substitution and environmental taxation: An econometric analysis of eight subsectors of the Danish economy

    DEFF Research Database (Denmark)

    Møller, Niels Framroze

    2017-01-01

    in a more environmental-friendly direction. For eight subsectors of the Danish economy, time series (1966–2011) are modeled by means of partial Cointegrated VARs. Long-run demand relations are identified for all subsectors and robust price elasticities are supported in five cases. The results are used......This research contains an econometric analysis of energy demand in trade and industry which allows for substitution between electricity and other energy carriers when relative prices change. The presence of substitution suggests that taxation can be a means of changing the energy input mix...

  17. Heterogeneous trade agreements, WTO membership and international trade : an analysis using matching econometrics

    NARCIS (Netherlands)

    Kohl, Tristan; Trojanowska, Sofia

    2015-01-01

    This article explores the heterogeneous effects of trade agreements (TAs) and World Trade Organization (WTO) membership on the volume of international trade. We extend Baier and Bergstrand’s (2009a) application of matching econometrics by distinguishing between different types of TAs and WTO

  18. An Exploratory Analysis of Economic Factors in the Navy Total Force Strength Model (NTFSM)

    Science.gov (United States)

    2015-12-01

    the model incorporates (in the personnel calculations) econometric effects to Losses by Expiration of Active Obligated Service, Attrition, and Length...Incorporate econometric effects of losses by LOS and paygrade using parameters generated by the Navy Econometric Modeling System (NEMS) to the greatest...community- level models . (CAP9) • Model architecture will support hosting of model , scenarios, (inputs, user comments, etc.) and outputs in a secure

  19. Explaining regional variations in health care utilization between Swiss cantons using panel econometric models.

    Science.gov (United States)

    Camenzind, Paul A

    2012-03-13

    In spite of a detailed and nation-wide legislation frame, there exist large cantonal disparities in consumed quantities of health care services in Switzerland. In this study, the most important factors of influence causing these regional disparities are determined. The findings can also be productive for discussing the containment of health care consumption in other countries. Based on the literature, relevant factors that cause geographic disparities of quantities and costs in western health care systems are identified. Using a selected set of these factors, individual panel econometric models are calculated to explain the variation of the utilization in each of the six largest health care service groups (general practitioners, specialist doctors, hospital inpatient, hospital outpatient, medication, and nursing homes) in Swiss mandatory health insurance (MHI). The main data source is 'Datenpool santésuisse', a database of Swiss health insurers. For all six health care service groups, significant factors influencing the utilization frequency over time and across cantons are found. A greater supply of service providers tends to have strong interrelations with per capita consumption of MHI services. On the demand side, older populations and higher population densities represent the clearest driving factors. Strategies to contain consumption and costs in health care should include several elements. In the federalist Swiss system, the structure of regional health care supply seems to generate significant effects. However, the extent of driving factors on the demand side (e.g., social deprivation) or financing instruments (e.g., high deductibles) should also be considered.

  20. Central Bank Financial Strength and Policy Performance; An Econometric Evaluation

    OpenAIRE

    Peter Stella; Ulrich H Klueh

    2008-01-01

    The financial health of central banks and its relation to policy outcomes has recently been recognized as an important policy issue. While case study evidence clearly indicates that weak central bank finances can hamper effective policy implementation, the question of whether central bank financial strength influences policy performance remains controversial. This is due, in part, to a lack of econometric evidence. The paper presents a first step toward filling this gap, by providing a quanti...

  1. ECONOMETRICAL INTERPRETATION OF THE INTERDEPENDECE BETWEEN FISCALITY RATE- FISCAL INCOMES- GROSS DOMESTIC PRODUCT

    OpenAIRE

    POPA IONELA; PIETRARU ALINA; CODREANU DIANA

    2009-01-01

    Econometrics has come into being and grown as a result of the need to set up instruments of investigation and increase of the methods to organize, conduct and manage the economy, and on the other hand, due to the successful statistical and mathematical me

  2. Econometric Analysis of Bulk Shipping: implications for investment strategies and financial decision-making

    NARCIS (Netherlands)

    S. Tsolakis

    2005-01-01

    textabstractThis thesis provides an econometric analysis of the bulk shipping markets and the implications for shipping investment and financial decision making. Chapter 1 sets the scene by providing a historic analysis of bulk shipping markets over the last 55 years. From this analysis, four

  3. Models of the oil market

    International Nuclear Information System (INIS)

    Cremer, J.; Salehi-Isfahani, D.

    1991-01-01

    Economists have proposed a large variety of models of the oil market which differ in their methodology and in the questions they answer. This book integrates them and emphasizes the relationships between the choice of economic tools and the practical consequences of the analysis. After history of the events of the last twenty years, the authors survey the informal descriptions written by policy oriented analysts. Chapters on quantitative models follow, one stressing simulations and the other the work of theorists. Finally, a discussion of econometric work precedes a survey of open questions

  4. Land-use change and carbon sinks: Econometric estimation of the carbon sequestration supply function; FINAL

    International Nuclear Information System (INIS)

    Lubowski, Ruben N.; Plantinga, Andrew J.; Stavins, Robert N.

    2001-01-01

    Increased attention by policy makers to the threat of global climate change has brought with it considerable interest in the possibility of encouraging the expansion of forest area as a means of sequestering carbon dioxide. The marginal costs of carbon sequestration or, equivalently, the carbon sequestration supply function will determine the ultimate effects and desirability of policies aimed at enhancing carbon uptake. In particular, marginal sequestration conts are the critical statistic for identifying a cost-effective policy mix to mitigate net carbon dioxide emissions. We develop a framework for conducting an econometric analysis of land use for the forty-eight contiguous United States and employing it to estimate the carbon sequestration supply function. By estimating the opportunity costs of land on the basis of econometric evidence of landowners' actual behavior, we aim to circumvent many of the shortcomings of previous sequestration cost assessments. By conducting the first nationwide econometric estimation of sequestration costs, endogenizing prices for land-based commodities, and estimating land-use transition probabilities in a framework that explicitly considers the range of land-use alternatives, we hope to provide better estimates eventually of the true costs of large-scale carbon sequestration efforts. In this way, we seek to add to understanding of the costs and potential of this strategy for addressing the threat of global climate change

  5. Simulating the Behavioural Effects of Welfare Reforms among Sole Parents in Australia

    OpenAIRE

    Alan Duncan; Mark N. Harris

    2001-01-01

    This paper derives and estimates an econometric model of labour supply among sole parents in Australia, using modelling techniques which treat the labour supply decision as a utility maximising choice between a given number of discrete states. In estimation, we control for random preference heterogeneity as well as Þxed and search costs. Using our econometric model, we look at the e.ects of actual and hypothetical welfare policy reforms on the employment choices of sole parents in Australia. ...

  6. The impact of tropospheric ozone pollution on trial plot winter wheat yields in Great Britain - An econometric approach

    International Nuclear Information System (INIS)

    Kaliakatsou, Evridiki; Bell, J. Nigel B.; Thirtle, Colin; Rose, Daniel; Power, Sally A.

    2010-01-01

    Numerous experiments have demonstrated reductions in the yields of cereal crops due to tropospheric O 3 , with losses of up to 25%. However, the only British econometric study on O 3 impacts on winter wheat yields, found that a 10% increase in AOT40 would decrease yields by only 0.23%. An attempt is made here to reconcile these observations by developing AOT40 maps for Great Britain and matching levels with a large number of standardised trial plot wheat yields from many sites over a 13-year period. Panel estimates (repeated measures on the same plots with time) show a 0.54% decrease in yields and it is hypothesised that plant breeders may have inadvertently selected for O 3 tolerance in wheat. Some support for this is provided by fumigations of cultivars of differing introduction dates. A case is made for the use of econometric as well as experimental studies in prediction of air pollution induced crop loss. - Econometric study of British winter wheat trial plot data suggests lower economic loss than predicted from experiments.

  7. The Science of Transportation Analysis and Simulation

    Science.gov (United States)

    Gleibe, John

    2010-03-01

    Transportation Science focuses on methods developed to model and analyze the interaction between human behavior and transportation systems. From the human behavioral, or demand, perspective, we are interested in how person and households organize their activities across space and time, with travel viewed as an enabling activity. We have a particular interest in how to model the range of responses to public policy and transportation system changes, which leads to the consideration of both short- and long-term decision-making, interpersonal dependencies, and non-transportation-related opportunities and constraints, including household budgets, land use systems and economic systems. This has led to the development of complex structural econometric modeling systems as well as agent-based simulations. From the transportation systems, or supply, perspective we are interested in the level of service provide by transportation facilities, be it auto, transit or multi-modal systems. This has led to the development of network models and equilibrium concepts as well as hybrid simulation systems based on concepts borrowed from physics, such as fluid flow models, and cellular automata-type models. In this presentation, we review a representative sample of these methods and their use in transportation planning and public policy analysis.

  8. La teoría de la ciencia de Karl Popper y la econometría

    Directory of Open Access Journals (Sweden)

    Redman Deborah A.

    1995-12-01

    Full Text Available En este ensayo mostraré que la teoría de la falsación ejerció su principalimpacto en los primeros desarrollos de la macroeconomía, quein fortunadamente su impacto a largo plazo no ha sido productivo y que el seguimiento de este desarrollo ayuda a explicar muchos de los actuales escándalos en la econometría y la macroeconomía. Dado que la literatura ha difundido muchos mitos sobre la teoría de la ciencia de Popper, primero revisaré sus teorías de las ciencias naturales y sociales y explicaré por qué la falsación fracasa en ambas ramas antes de exponer la conexión con la econometría.

  9. Econometric analysis of the changing effects in wind strength and significant wave height on the probability of casualty in shipping.

    Science.gov (United States)

    Knapp, Sabine; Kumar, Shashi; Sakurada, Yuri; Shen, Jiajun

    2011-05-01

    This study uses econometric models to measure the effect of significant wave height and wind strength on the probability of casualty and tests whether these effects changed. While both effects are in particular relevant for stability and strength calculations of vessels, it is also helpful for the development of ship construction standards in general to counteract increased risk resulting from changing oceanographic conditions. The authors analyzed a unique dataset of 3.2 million observations from 20,729 individual vessels in the North Atlantic and Arctic regions gathered during the period 1979-2007. The results show that although there is a seasonal pattern in the probability of casualty especially during the winter months, the effect of wind strength and significant wave height do not follow the same seasonal pattern. Additionally, over time, significant wave height shows an increasing effect in January, March, May and October while wind strength shows a decreasing effect, especially in January, March and May. The models can be used to simulate relationships and help understand the relationships. This is of particular interest to naval architects and ship designers as well as multilateral agencies such as the International Maritime Organization (IMO) that establish global standards in ship design and construction. Copyright © 2011 Elsevier Ltd. All rights reserved.

  10. Stock Price Simulation Using Bootstrap and Monte Carlo

    Directory of Open Access Journals (Sweden)

    Pažický Martin

    2017-06-01

    Full Text Available In this paper, an attempt is made to assessment and comparison of bootstrap experiment and Monte Carlo experiment for stock price simulation. Since the stock price evolution in the future is extremely important for the investors, there is the attempt to find the best method how to determine the future stock price of BNP Paribas′ bank. The aim of the paper is define the value of the European and Asian option on BNP Paribas′ stock at the maturity date. There are employed four different methods for the simulation. First method is bootstrap experiment with homoscedastic error term, second method is blocked bootstrap experiment with heteroscedastic error term, third method is Monte Carlo simulation with heteroscedastic error term and the last method is Monte Carlo simulation with homoscedastic error term. In the last method there is necessary to model the volatility using econometric GARCH model. The main purpose of the paper is to compare the mentioned methods and select the most reliable. The difference between classical European option and exotic Asian option based on the experiment results is the next aim of tis paper.

  11. Econometric Analysis of Effects of Nitrogenous Fertilizer Usage on Tomato Yield in Tokat, Turkey

    Directory of Open Access Journals (Sweden)

    Bilge Gözener

    2017-04-01

    Full Text Available This study aims to investigate the effects of nitrogen fertilizer application on tomato yield by using econometric models. The data obtained by questionnaire from 53 farmers who produce tomatoes in Tokat province constitute the main material of the study. The Simple Random Sampling Method was used to determine the sample size with a 90% confidence interval and 10% margin of error. Nine models were tried to determine the best model to explain the effect of nitrogenous fertilizer usage in tomato cultivation. The data in the models were used to calculate the growers’ optimal fertilizer amount of use (physical optimum and economical optimum values were calculated and the results were compared to the ones suggested by the experts. As a result, through the statistical studies, quadratic model was found to be the most suitable one. It has been determined that tomato farmers use less (10.54 kg da-1 or excess (23.48 kg da-1 N fertilizer than the level at which economic optimum is achieved.

  12. Structures and perspectives of the Austrian energy system

    International Nuclear Information System (INIS)

    Wohlgemut, N.

    1992-03-01

    The technical tools for projecting future energy demand can be grouped into two broad categories: Firstly, time series or cross section data based econometric models which contain information about customers' past behavior and thus enable to judge the causal effects of economic factors like incomes and prices on energy demand (passive forecasting). Secondly, structural simulation models which indicate how energy services transform to flows of useful, final and primary energy. These models enable to estimate the technical potential of improving the energy application and energy transformation systems (active scenario approach). Comparison of the two approaches with respect to projections for future energy demand yields that, typically, in the short run of econometric approach will dominate the structural simulation model. In the long run, however, this relation will be reversed. The econometric models suffer lack of technical information necessary to describe the demand for energy. The structural simulation model enables an incorporation of technical factors like efficiencies and fuel shares. An application of the structural model is a simulation run describing a scenario in order to reduce the Austrian CO 2 -emissions according to the recommendations of the conference of Toronto

  13. Econometric Methods for Causal Evaluation of Education Policies and Practices: A Non-Technical Guide

    Science.gov (United States)

    Schlotter, Martin; Schwerdt, Guido; Woessmann, Ludger

    2011-01-01

    Education policy-makers and practitioners want to know which policies and practices can best achieve their goals. But research that can inform evidence-based policy often requires complex methods to distinguish causation from accidental association. Avoiding econometric jargon and technical detail, this paper explains the main idea and intuition…

  14. California demand and supply of crude oil: An econometric analysis with projections to 2000

    International Nuclear Information System (INIS)

    Ibegbulam, B.N.

    1991-01-01

    Forecast of California domestic crude oil supply requires the forecasts of California crude oil production and supply from Alaska. Future California crude oil production is forecast with an econometric model that postulates production as a function of reserves and reserves as a function of crude oil prices and exploration and development costs. Future supplies from Alaska are obtained by subtracting forecasts of Alaskan crude oil demand and shipments to the States of Hawaii, Oregon, and Washington from Alaskan North Slope crude oil production forecasts. A two-stage process was used to forecast future California crude oil demand. In the first stage, the demand for refined crude oil products was predicted with a single-equation double logarithmic rational-expectations dynamic model. In the second stage, the total demands obtained in the first stage were converted into a crude oil equivalent. It was found that the current surplus of domestic crude oil in California will end in 1994. Thereafter, California crude oil imports will sharply increase

  15. Estimating Multivariate Exponentail-Affine Term Structure Models from Coupon Bound Prices using Nonlinear Filtering

    DEFF Research Database (Denmark)

    Baadsgaard, Mikkel; Nielsen, Jan Nygaard; Madsen, Henrik

    2000-01-01

    An econometric analysis of continuous-timemodels of the term structure of interest rates is presented. A panel of coupon bond prices with different maturities is used to estimate the embedded parameters of a continuous-discrete state space model of unobserved state variables: the spot interest rate...... noise term should account for model errors. A nonlinear filtering method is used to compute estimates of the state variables, and the model parameters are estimated by a quasimaximum likelihood method provided that some assumptions are imposed on the model residuals. Both Monte Carlo simulation results...

  16. Something old, something new, something borrowed, something blue: a framework for the marriage of health econometrics and cost-effectiveness analysis.

    Science.gov (United States)

    Hoch, Jeffrey S; Briggs, Andrew H; Willan, Andrew R

    2002-07-01

    Economic evaluation is often seen as a branch of health economics divorced from mainstream econometric techniques. Instead, it is perceived as relying on statistical methods for clinical trials. Furthermore, the statistic of interest in cost-effectiveness analysis, the incremental cost-effectiveness ratio is not amenable to regression-based methods, hence the traditional reliance on comparing aggregate measures across the arms of a clinical trial. In this paper, we explore the potential for health economists undertaking cost-effectiveness analysis to exploit the plethora of established econometric techniques through the use of the net-benefit framework - a recently suggested reformulation of the cost-effectiveness problem that avoids the reliance on cost-effectiveness ratios and their associated statistical problems. This allows the formulation of the cost-effectiveness problem within a standard regression type framework. We provide an example with empirical data to illustrate how a regression type framework can enhance the net-benefit method. We go on to suggest that practical advantages of the net-benefit regression approach include being able to use established econometric techniques, adjust for imperfect randomisation, and identify important subgroups in order to estimate the marginal cost-effectiveness of an intervention. Copyright 2002 John Wiley & Sons, Ltd.

  17. Evaluation of factors affecting prescribing behaviors, in iran pharmaceutical market by econometric methods.

    Science.gov (United States)

    Tahmasebi, Nima; Kebriaeezadeh, Abbas

    2015-01-01

    Prescribing behavior of physicians affected by many factors. The present study is aimed at discovering the simultaneous effects of the evaluated factors (including: price, promotion and demographic characteristics of physicians) and quantification of these effects. In order to estimate these effects, Fluvoxamine (an antidepressant drug) was selected and the model was figured out by panel data method in econometrics. We found that insurance and advertisement respectively are the most effective on increasing the frequency of prescribing, whilst negative correlation was observed between price and the frequency of prescribing a drug. Also brand type is more sensitive to negative effect of price than to generic. Furthermore, demand for a prescription drug is related with physician demographics (age and sex). According to the results of this study, pharmaceutical companies should pay more attention to the demographic characteristics of physicians (age and sex) and their advertisement and pricing strategies.

  18. Modeling financial time series with S-plus

    CERN Document Server

    Zivot, Eric

    2003-01-01

    The field of financial econometrics has exploded over the last decade This book represents an integration of theory, methods, and examples using the S-PLUS statistical modeling language and the S+FinMetrics module to facilitate the practice of financial econometrics This is the first book to show the power of S-PLUS for the analysis of time series data It is written for researchers and practitioners in the finance industry, academic researchers in economics and finance, and advanced MBA and graduate students in economics and finance Readers are assumed to have a basic knowledge of S-PLUS and a solid grounding in basic statistics and time series concepts Eric Zivot is an associate professor and Gary Waterman Distinguished Scholar in the Economics Department at the University of Washington, and is co-director of the nascent Professional Master's Program in Computational Finance He regularly teaches courses on econometric theory, financial econometrics and time series econometrics, and is the recipient of the He...

  19. Modeling the Effects of Mergers in the Retail Sector

    DEFF Research Database (Denmark)

    Blomgren-Hansen, Niels

    2013-01-01

    the retail and wholesale markets is constructed, calibrated and simulated based on a concrete case (the acquisition and merger of 250 shops previously organized in a voluntary chain of shops comprising roughly half of the market for high-end cosmetics in Denmark). Model simulations predicts that the merger......According to EU competition law, mergers that significantly impedes effective competition, particularly by creating or strengthening a dominant position are prohibited. To identify these cases, authorities need a quantifiable model of the relationship between the variables that are affected...... by the merger and some measure of competition. Furthermore, the authorities must make their decision quickly, rendering deliberate data collection and econometric analyses infeasible in practice. The decision must be based on easily accessible data. In this paper, a simple model of the interaction between...

  20. Herding, minority game, market clearing and efficient markets in a simple spin model framework

    Czech Academy of Sciences Publication Activity Database

    Krištoufek, Ladislav; Vošvrda, Miloslav

    2017-01-01

    Roč. 54, č. 1 (2017), s. 148-155 ISSN 1007-5704 R&D Projects: GA ČR(CZ) GBP402/12/G097 EU Projects: European Commission(XE) 612955 - FINMAP Institutional support: RVO:67985556 Keywords : Ising model * Efficient market hypothesis * Monte Carlo simulation Subject RIV: AH - Economics OBOR OECD: Applied Economics, Econometrics Impact factor: 2.784, year: 2016 http://library.utia.cas.cz/separaty/2017/E/kristoufek-0474986.pdf

  1. Econometric analysis of the effects of subsidies on farm production in case of endogenous input quantities

    DEFF Research Database (Denmark)

    Henningsen, Arne; Kumbhakar, Subal C.; Lien, Gudbrand

    The effect of subsidies on farm production has been a major topic in agricultural economics for several decades. We present a new approach for analyzing the effects of different types of coupled and decoupled subsidies on farm production with econometric methods. In contrast to most previous...

  2. Characterizing China's energy consumption with selective economic factors and energy-resource endowment: a spatial econometric approach

    Science.gov (United States)

    Jiang, Lei; Ji, Minhe; Bai, Ling

    2015-06-01

    Coupled with intricate regional interactions, the provincial disparity of energy-resource endowment and other economic conditions in China have created spatially complex energy consumption patterns that require analyses beyond the traditional ones. To distill the spatial effect out of the resource and economic factors on China's energy consumption, this study recast the traditional econometric model in a spatial context. Several analytic steps were taken to reveal different aspects of the issue. Per capita energy consumption (AVEC) at the provincial level was first mapped to reveal spatial clusters of high energy consumption being located in either well developed or energy resourceful regions. This visual spatial autocorrelation pattern of AVEC was quantitatively tested to confirm its existence among Chinese provinces. A Moran scatterplot was employed to further display a relatively centralized trend occurring in those provinces that had parallel AVEC, revealing a spatial structure with attraction among high-high or low-low regions and repellency among high-low or low-high regions. By a comparison between the ordinary least square (OLS) model and its spatial econometric counterparts, a spatial error model (SEM) was selected to analyze the impact of major economic determinants on AVEC. While the analytic results revealed a significant positive correlation between AVEC and economic development, other determinants showed some intricate influential patterns. The provinces endowed with rich energy reserves were inclined to consume much more energy than those otherwise, whereas changing the economic structure by increasing the proportion of secondary and tertiary industries also tended to consume more energy. Both situations seem to underpin the fact that these provinces were largely trapped in the economies that were supported by technologies of low energy efficiency during the period, while other parts of the country were rapidly modernized by adopting advanced

  3. Comparison of Macroeconomic Performance of Selected Asian Countries. An Econometric Analysis of China Economic Growth and Policy Implications

    Directory of Open Access Journals (Sweden)

    Hasret Benar Balcioglu

    2009-09-01

    Full Text Available This paper compares the key macroeconomics indicators for the selected countries: China, Malaysia, Indonesia, Korea, Rep. and India and also makes an econometric analysis for China for the period 1961-2007. These countries are chosen on the basis of comparability of data and time without measurement errors. This study also investigates six hypotheses considering the impact of several key macroeconomic variables such as domestic saving rate, domestic investment rate, and volatility of savings, volatility of inflation, growth rate of exports and growth rate of real GNP. By using suitable statistical and econometric tests, this paper finds that prevailing performance of China depends on its superior rates of domestic saving and exports. Policies are also suggested from the differentials between the economic performances of China and other chosen Asian countries.

  4. Bridging Economic Theory Models and the Cointegrated Vector Autoregressive Model

    DEFF Research Database (Denmark)

    Møller, Niels Framroze

    2008-01-01

    Examples of simple economic theory models are analyzed as restrictions on the Cointegrated VAR (CVAR). This establishes a correspondence between basic economic concepts and the econometric concepts of the CVAR: The economic relations correspond to cointegrating vectors and exogeneity in the econo......Examples of simple economic theory models are analyzed as restrictions on the Cointegrated VAR (CVAR). This establishes a correspondence between basic economic concepts and the econometric concepts of the CVAR: The economic relations correspond to cointegrating vectors and exogeneity...... are related to expectations formation, market clearing, nominal rigidities, etc. Finally, the general-partial equilibrium distinction is analyzed....

  5. Simulation modeling and arena

    CERN Document Server

    Rossetti, Manuel D

    2015-01-01

    Emphasizes a hands-on approach to learning statistical analysis and model building through the use of comprehensive examples, problems sets, and software applications With a unique blend of theory and applications, Simulation Modeling and Arena®, Second Edition integrates coverage of statistical analysis and model building to emphasize the importance of both topics in simulation. Featuring introductory coverage on how simulation works and why it matters, the Second Edition expands coverage on static simulation and the applications of spreadsheets to perform simulation. The new edition als

  6. Un modello econometrico per il credito bancario alle imprese in Italia (An econometric model for bank lending to companies in Italy

    Directory of Open Access Journals (Sweden)

    Luca Casolaro

    2012-04-01

    Full Text Available Questo lavoro presenta la stima di un modello econometrico del credito bancario alle imprese in Italia per il periodo 1988-2004. I prestiti bancari sono espressi in funzione del rapporto tra investimenti fissi e margine operativo lordo (che approssima il fabbisogno di finanziamenti esterni, delle attività immobilizzate nel bilancio delle imprese (misurate dallo stock di capitale e del differenziale tra il tasso sui prestiti a breve termine e il rendimento del mercato interbancario (che approssima il costo relativo del credito bancario rispetto a forme di finanziamento alternative. I risultati empirici evidenziano nel lungo periodo un legame diretto del credito bancario con le attività immobilizzate (l’elasticità è pari a uno e con il rapporto tra investimenti fissi e margine operativo lordo (l’incremento di un punto percentuale del rapporto produce un’espansione del credito del 2%. Le stime econometriche mostrano al contrario una correlazione negativa con il differenziale tra i tassi d’interesse: un aumento di 10 punti base del differenziale tra i tassi determinerebbe, infatti, una riduzione del credito nel lungo periodo pari allo 0,7%.   This paper presents the estimation of an econometric model of bank credit to firms in Italy for the period 1988-2004. Bank loans are expressed as a function of the ratio of fixed capital formation and gross operating margin (which approximates the external financing needs of fixed assets in the financial statements of companies (as measured by the stock of capital and the difference between the interest rate on short-term loans and efficiency of the interbank market (which approximates the relative cost of bank credit compared to alternative forms of financing.The empirical results show a direct link between long-term bank credit with fixed assets (the elasticity is equal to one and the ratio of fixed capital formation and gross operating profit (increase of one percentage point of the report

  7. First-Year Study Success in Economics and Econometrics: The Role of Gender, Motivation, and Math Skills

    Science.gov (United States)

    Arnold, Ivo J. M.; Rowaan, Wietske

    2014-01-01

    In this study, the authors investigate the relationships among gender, math skills, motivation, and study success in economics and econometrics. They find that female students have stronger intrinsic motivation, yet lower study confidence than their male counterparts. They also find weak evidence for a gender gap over the entire first-year…

  8. Econometric modelling of conservation

    International Nuclear Information System (INIS)

    Parker, J.C.; Seal, D.J.

    1990-01-01

    The issue of energy conservation in general, and conservation in the natural gas markets in particular, has recently had a much lower profile than in the past, when energy prices were significantly higher and energy costs composed a much larger proportion of industrial operating costs than today. The recent downward trend in energy prices has diverted attention away from this issue. In the face of expected significant real price increases, increasing pressure from environmental groups, and directives on the part of regulator authorities, conservation is once again becoming a topic of consideration in the energy industry. From the point of view of gas demand forecasting, conservation has received too little attention. The intentions of this paper are to establish the need for forecasting conservation in the natural gas utility sector, and to construct a model of industrial demand which incorporates conservation and is appropriate for use as a forecasting tool

  9. DETERMINANTS OF INFLATION IN PAKISTAN: AN ECONOMETRIC ANALYSIS USING JOHANSEN CO-INTEGRATION APPROACH

    OpenAIRE

    Furrukh Bashi; Shahbaz Nawaz; Kalsoom Yasi; Usman Khursheed; Jahanzeb Khan; Muhammad Junaid Qureshi

    2011-01-01

    Inflation is regarded as regressive taxation against the poor. The most visible impact of inflation in recent times is its effect on real output, relative prices, taxes and interest rates. The study focuses to examine demand side and supply side determinants of inflation in Pakistan on economic and econometric criterion and also to investigate causal relationships among some macroeconomic variables. For that purpose, study has undertaken time series data for the period from 1972 to 2010. Long...

  10. Modelling gas markets - a survey

    International Nuclear Information System (INIS)

    1997-01-01

    This report reviews research of relevance to the analysis of present and future developments of the European natural gas market. The research activities considered are confined to (1) numerical models for gas markets, (2) analyses of energy demand, and (3) analyses of behaviour and cost structures in the transmission and distribution sector. Most of the market models are strictly micro economic and assume perfect competition or a game-theoretical equilibrium. They use sophisticated solution concepts, but very simplified specifications of supply and demand functions. Most of the research on demand is econometric analyses. These have more detailed model specification than have the aggregated market models. It is found, however, that the econometric literature based on neo-classical economics has not yielded unambiguous results and the specifications disregard important real world aspects of gas demand. The section on demand concludes that the extent of the gas grid is an important determinant for gas demand, but there has been virtually no research on what determines this variable. Data about transmission and distribution of gas in Europe is scarce and only a few non-econometric and virtually no econometric analyses are available. However, some conclusions can be made from relevant North American literature: (1) there has been significant autonomous technical progress in the transmission industry, (2) distribution costs strongly depend on geographical and other conditions, and (3) ownership, whether private or public, may be important for distribution costs and pricing policies. 56 refs., 3 figs., 1 tab

  11. Modelling gas markets - a survey

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-12-31

    This report reviews research of relevance to the analysis of present and future developments of the European natural gas market. The research activities considered are confined to (1) numerical models for gas markets, (2) analyses of energy demand, and (3) analyses of behaviour and cost structures in the transmission and distribution sector. Most of the market models are strictly micro economic and assume perfect competition or a game-theoretical equilibrium. They use sophisticated solution concepts, but very simplified specifications of supply and demand functions. Most of the research on demand is econometric analyses. These have more detailed model specification than have the aggregated market models. It is found, however, that the econometric literature based on neo-classical economics has not yielded unambiguous results and the specifications disregard important real world aspects of gas demand. The section on demand concludes that the extent of the gas grid is an important determinant for gas demand, but there has been virtually no research on what determines this variable. Data about transmission and distribution of gas in Europe is scarce and only a few non-econometric and virtually no econometric analyses are available. However, some conclusions can be made from relevant North American literature: (1) there has been significant autonomous technical progress in the transmission industry, (2) distribution costs strongly depend on geographical and other conditions, and (3) ownership, whether private or public, may be important for distribution costs and pricing policies. 56 refs., 3 figs., 1 tab.

  12. Econometric comparisons of liquid rocket engines for dual-fuel advanced earth-to-orbit shuttles

    Science.gov (United States)

    Martin, J. A.

    1978-01-01

    Econometric analyses of advanced Earth-to-orbit vehicles indicate that there are economic benefits from development of new vehicles beyond the space shuttle as traffic increases. Vehicle studies indicate the advantage of the dual-fuel propulsion in single-stage vehicles. This paper shows the economic effect of incorporating dual-fuel propulsion in advanced vehicles. Several dual-fuel propulsion systems are compared to a baseline hydrogen and oxygen system.

  13. Bridging Economic Theory Models and the Cointegrated Vector Autoregressive Model

    DEFF Research Database (Denmark)

    Møller, Niels Framroze

    2008-01-01

    Examples of simple economic theory models are analyzed as restrictions on the Cointegrated VAR (CVAR). This establishes a correspondence between basic economic concepts and the econometric concepts of the CVAR: The economic relations correspond to cointegrating vectors and exogeneity in the econo......Examples of simple economic theory models are analyzed as restrictions on the Cointegrated VAR (CVAR). This establishes a correspondence between basic economic concepts and the econometric concepts of the CVAR: The economic relations correspond to cointegrating vectors and exogeneity...... parameters of the CVAR are shown to be interpretable in terms of expectations formation, market clearing, nominal rigidities, etc. The general-partial equilibrium distinction is also discussed....

  14. Prácticas para el aprendizaje de la econometría avanzada

    OpenAIRE

    Esteban González, María Victoria; Modroño Herrán, Juan Ignacio; Orbe Mandaluniz

    2014-01-01

    En este libro, los autores han recolectado y ordenado el material docente que han elaborado a lo largo de los últimos cursos académicos para la asignatura de Econometría, de la Licenciatura en Economía en la Facultad de Ciencias Económicas y Empresariales de la UPV/EHU. Los autores han colaborado en distintos proyectos de innovación docente que han permitido desarrollar la asignatura con aprovechamiento de las TICs, y han participado, entre otras actividades, en programas de innovación docent...

  15. Aviation Safety Simulation Model

    Science.gov (United States)

    Houser, Scott; Yackovetsky, Robert (Technical Monitor)

    2001-01-01

    The Aviation Safety Simulation Model is a software tool that enables users to configure a terrain, a flight path, and an aircraft and simulate the aircraft's flight along the path. The simulation monitors the aircraft's proximity to terrain obstructions, and reports when the aircraft violates accepted minimum distances from an obstruction. This model design facilitates future enhancements to address other flight safety issues, particularly air and runway traffic scenarios. This report shows the user how to build a simulation scenario and run it. It also explains the model's output.

  16. Cognitive models embedded in system simulation models

    International Nuclear Information System (INIS)

    Siegel, A.I.; Wolf, J.J.

    1982-01-01

    If we are to discuss and consider cognitive models, we must first come to grips with two questions: (1) What is cognition; (2) What is a model. Presumably, the answers to these questions can provide a basis for defining a cognitive model. Accordingly, this paper first places these two questions into perspective. Then, cognitive models are set within the context of computer simulation models and a number of computer simulations of cognitive processes are described. Finally, pervasive issues are discussed vis-a-vis cognitive modeling in the computer simulation context

  17. Modeling and simulation of complex systems a framework for efficient agent-based modeling and simulation

    CERN Document Server

    Siegfried, Robert

    2014-01-01

    Robert Siegfried presents a framework for efficient agent-based modeling and simulation of complex systems. He compares different approaches for describing structure and dynamics of agent-based models in detail. Based on this evaluation the author introduces the "General Reference Model for Agent-based Modeling and Simulation" (GRAMS). Furthermore he presents parallel and distributed simulation approaches for execution of agent-based models -from small scale to very large scale. The author shows how agent-based models may be executed by different simulation engines that utilize underlying hard

  18. Assessing the capital efficiency of healthcare information technologies investments: an econometric perspective.

    Science.gov (United States)

    Meyer, Rodolphe; Degoulet, Patrice

    2008-01-01

    To examine the different methods that can be used in the quantification of the added value of information technologies (IT) in the health care sector. This quantification represents a major issue for decision-makers and health care professionals when they have to plan an IT investment. Articles were chosen via Medline, internet and the University of Geneva bibliographic portal. Some of the papers were obtained directly from their authors. We examine the most current methods used to evaluate IT return on investment (ROI) in the general business and in the health care sector, drawing attention on methods traditionally used in macroeconomic studies that could reveal themselves disruptive for IT ROI impact evaluation in hospitals. Financial and accounting methods can provide interesting data on a specific IT project but are usually incomplete for revealing the global IT investment influence. Econometric methods tend to demonstrate the positive impact of health care IT (HIT) on hospital production and productivity. Hospitals having higher levels of IT investment tend to deliver a higher level of clinical quality and show improved hospital cost performances. Information technologies are so intermingled with people and processes that the identification of specific IT benefit remains questionable. Using macroeconomic tools could be the best way to analyze and compute IT ROI in health care. Econometric tools take into account all types investments (inputs) and all the returns (outputs) enabling the precise measurement of IT investments impact, breakeven points, and possible threshold levels, thus providing helpful intelligence to reach the higher levels of IT governance in hospitals.

  19. An economic and environmental assessment of future electricity generation mixes in Japan – an assessment using the E3MG macro-econometric model

    International Nuclear Information System (INIS)

    Pollitt, Hector; Park, Seung-Joon; Lee, Soocheol; Ueta, Kazuhiro

    2014-01-01

    In this paper we consider future options for Japanese energy and climate policy. We assess the economic and environmental impacts of changing the share of electricity generated by nuclear power and varying the mid-term GHG targets. The quantitative approach we use is based on the global macro-econometric E3MG model. Our analysis reveals that the cost of denuclearisation to Japanese GDP is close to zero, and for employment the impact is slightly positive. Our results also show a double-dividend effect if (revenue-neutral) carbon taxes are levied in order to meet the GHG reduction targets, and this double-dividend effect is largest in the scenarios without nuclear power. However, our analysis suggests that a very high carbon tax rate would have to be imposed in order to achieve a 25% reduction in GHG emissions in 2020 (compared to 1990 levels) while simultaneously phasing out nuclear power. - Highlights: • We modelled 12 scenarios for Japan with different shares for nuclear power and different emission targets. • The results showed that phasing out nuclear power would have at most a very small reduction in GDP. • If a carbon tax with revenue recycling is applied, there could be an increase in GDP. • But the carbon price required to meet Japan's 25% emission reduction target is very high if the share of nuclear power is reduced

  20. Simulation in Complex Modelling

    DEFF Research Database (Denmark)

    Nicholas, Paul; Ramsgaard Thomsen, Mette; Tamke, Martin

    2017-01-01

    This paper will discuss the role of simulation in extended architectural design modelling. As a framing paper, the aim is to present and discuss the role of integrated design simulation and feedback between design and simulation in a series of projects under the Complex Modelling framework. Complex...... performance, engage with high degrees of interdependency and allow the emergence of design agency and feedback between the multiple scales of architectural construction. This paper presents examples for integrated design simulation from a series of projects including Lace Wall, A Bridge Too Far and Inflated...... Restraint developed for the research exhibition Complex Modelling, Meldahls Smedie Gallery, Copenhagen in 2016. Where the direct project aims and outcomes have been reported elsewhere, the aim for this paper is to discuss overarching strategies for working with design integrated simulation....

  1. Desktop Modeling and Simulation: Parsimonious, yet Effective Discrete-Event Simulation Analysis

    Science.gov (United States)

    Bradley, James R.

    2012-01-01

    This paper evaluates how quickly students can be trained to construct useful discrete-event simulation models using Excel The typical supply chain used by many large national retailers is described, and an Excel-based simulation model is constructed of it The set of programming and simulation skills required for development of that model are then determined we conclude that six hours of training are required to teach the skills to MBA students . The simulation presented here contains all fundamental functionallty of a simulation model, and so our result holds for any discrete-event simulation model. We argue therefore that Industry workers with the same technical skill set as students having completed one year in an MBA program can be quickly trained to construct simulation models. This result gives credence to the efficacy of Desktop Modeling and Simulation whereby simulation analyses can be quickly developed, run, and analyzed with widely available software, namely Excel.

  2. Quality competition in local hospital markets: some econometric evidence from the period 1982-1988.

    Science.gov (United States)

    Chirikos, T N

    1992-05-01

    This study examines whether American hospitals continued to engage in non-price or quality competition over the recent past as health care markets underwent fundamental structural changes and the economic incentives facing hospital managers were correspondingly altered. It also investigates the degree to which such rivalrous behavior contributes to losses in economic welfare. An econometric model of quality competition is specified that tests, among other things, for the effect of spending by the hospital to enhance the quality of output on annual changes in its share of the local (inpatient) market as well as the effects of competitive conditions in the local market on the annual sum spent on quality enhancement. The model is estimated with panel data on 195 acute care hospitals in the State of Florida for the years 1982-1988. The results suggest that quality competitive behavior continued unabated over this period and that it was stimulated as much by the growth in physician supply and alternative delivery mechanisms as it was by other competing hospitals in the local market. Furthermore, the results show that quality competition yields some inefficiency or waste, but much of it also meets the test of the market.

  3. The impact of tropospheric ozone pollution on trial plot winter wheat yields in Great Britain - an econometric approach.

    Science.gov (United States)

    Kaliakatsou, Evridiki; Bell, J Nigel B; Thirtle, Colin; Rose, Daniel; Power, Sally A

    2010-05-01

    Numerous experiments have demonstrated reductions in the yields of cereal crops due to tropospheric O(3), with losses of up to 25%. However, the only British econometric study on O(3) impacts on winter wheat yields, found that a 10% increase in AOT40 would decrease yields by only 0.23%. An attempt is made here to reconcile these observations by developing AOT40 maps for Great Britain and matching levels with a large number of standardised trial plot wheat yields from many sites over a 13-year period. Panel estimates (repeated measures on the same plots with time) show a 0.54% decrease in yields and it is hypothesised that plant breeders may have inadvertently selected for O(3) tolerance in wheat. Some support for this is provided by fumigations of cultivars of differing introduction dates. A case is made for the use of econometric as well as experimental studies in prediction of air pollution induced crop loss. Copyright 2009 Elsevier Ltd. All rights reserved.

  4. Energy efficiency and econometric analysis of broiler production farms

    International Nuclear Information System (INIS)

    Heidari, M.D.; Omid, M.; Akram, A.

    2011-01-01

    The objective of this study was to determine the energy consumption per 1000 bird for the broiler production in Yazd province, Iran. The data were collected from 44 farms by using a face-to-face questionnaire method during January–February 2010. The collected information was analyzed using descriptive statistics, economic analysis and stochastic frontier production function. The production technology of the farmer was assumed to be specified by the Cobb–Douglas (CD) production function. Total input energy was found to be 186,885.87 MJ (1000 bird) −1 while the output energy was 27,461.21 MJ (1000 bird) −1 . The values of specific energy and energy ratio were calculated at 71.95 MJ kg −1 and 0.15, respectively. The sensitivity of energy inputs was estimated using the marginal physical productivity (MPP) method. The MPP value showed the high impact of human labor and machinery energy inputs on output energy. Returns to scale (RTS) values for broiler were found to be 0.96; thus, there prevailed a decreasing RTS for the estimated model. The net return was found positive, as 1386.53 $ (1000 bird) −1 and the benefit to cost ratio from broiler production was calculated to be 1.38. The study revealed that production of meat was profitable in the studied area. -- Highlights: ► We determined the energy use efficiency (EUE) for the broiler production as 0.15, indicating inefficiency use of energy in these farms. ► Total input and output energies were found to be 186,885.87 MJ (1000 bird) −1 and 27,461.21 MJ (1000 bird) −1 , respectively. ► Cobb–Douglas (CD) frontier production function was found useful in developing econometric model for broiler production. ► The results of budgetary analysis indicate production of meat in broiler farms is profitable in the studied area.

  5. A broad model for demand forecasting of gasoline and fuel alcohol; Um modelo abrangente para a projecao das demandas de gasolina e alcool carburante

    Energy Technology Data Exchange (ETDEWEB)

    Buonfiglio, Antonio [PETROBRAS, Paulinia, SP (Brazil). Dept. Industrial; Bajay, Sergio Valdir [Universidade Estadual de Campinas, SP (Brazil). Faculdade de Engenharia Mecanica

    1992-12-31

    Formulating a broad, mixed: econometric/end-use, demand forecasting model for gasoline and fuel alcohol is the main objective of this work. In the model, the gasoline and hydrated alcohol demands are calculated as the corresponding products if their fleet by the average car mileage, divided by the average specific mileage. Several simulations with the proposed forecasting model are carried out, within the context of alternative scenarios for the development of these competing fuels in the Brazilian market. (author) 4 refs., 1 fig., 3 tabs.

  6. Computer Modeling and Simulation

    Energy Technology Data Exchange (ETDEWEB)

    Pronskikh, V. S. [Fermilab

    2014-05-09

    Verification and validation of computer codes and models used in simulation are two aspects of the scientific practice of high importance and have recently been discussed by philosophers of science. While verification is predominantly associated with the correctness of the way a model is represented by a computer code or algorithm, validation more often refers to model’s relation to the real world and its intended use. It has been argued that because complex simulations are generally not transparent to a practitioner, the Duhem problem can arise for verification and validation due to their entanglement; such an entanglement makes it impossible to distinguish whether a coding error or model’s general inadequacy to its target should be blamed in the case of the model failure. I argue that in order to disentangle verification and validation, a clear distinction between computer modeling (construction of mathematical computer models of elementary processes) and simulation (construction of models of composite objects and processes by means of numerical experimenting with them) needs to be made. Holding on to that distinction, I propose to relate verification (based on theoretical strategies such as inferences) to modeling and validation, which shares the common epistemology with experimentation, to simulation. To explain reasons of their intermittent entanglement I propose a weberian ideal-typical model of modeling and simulation as roles in practice. I suggest an approach to alleviate the Duhem problem for verification and validation generally applicable in practice and based on differences in epistemic strategies and scopes

  7. Econometric Mediation Analyses: Identifying the Sources of Treatment Effects from Experimentally Estimated Production Technologies with Unmeasured and Mismeasured Inputs.

    Science.gov (United States)

    Heckman, James; Pinto, Rodrigo

    2015-01-01

    This paper presents an econometric mediation analysis. It considers identification of production functions and the sources of output effects (treatment effects) from experimental interventions when some inputs are mismeasured and others are entirely omitted. JEL Code: D24, C21, C43, C38.

  8. Modelling long term energy consumption of French residential sector - improving behavioral realism and simulating ambitious scenarios

    International Nuclear Information System (INIS)

    Allibe, Benoit

    2012-01-01

    results. Simulation results show that the modeling of the distributions instead of the average values of variables changes both the estimations of total energy consumption of dwelling stock and the dynamics of this consumption. The comparison of refurbishment market modeling in engineering and econometric models shows that a part of the heterogeneity of the market is not accounted for in engineering models. If the economic context encourages the diffusion of energy efficient or low-carbon technologies (for instance in the case of a significant carbon tax) then adding market heterogeneity in engineering models implies more pessimistic simulation results regarding energy consumption reduction and GHG abatements. The model of French residential energy consumption dynamics that was developed during the thesis (BEUS) has been applied to various foresight studies. A progressive tariff (or tier pricing) on electricity has been modeled and its effects on demand have been simulated. When applied, this tariff causes a switch from electricity-based heating systems to more carbon intensive ones. In order to avoid this unwanted effect of progressive tariff, an extension of this tariff structure to all energies has been modeled and simulated, as well as the fiscal equivalent of this measure: a bonus-malus for sustainable energy consumption. The simulations - made in a simplified regulatory environment - show that these measures could accelerate the transition of existing housing stock to a lower level of energy consumption and GHG emissions. (author)

  9. Advances in Intelligent Modelling and Simulation Simulation Tools and Applications

    CERN Document Server

    Oplatková, Zuzana; Carvalho, Marco; Kisiel-Dorohinicki, Marek

    2012-01-01

    The human capacity to abstract complex systems and phenomena into simplified models has played a critical role in the rapid evolution of our modern industrial processes and scientific research. As a science and an art, Modelling and Simulation have been one of the core enablers of this remarkable human trace, and have become a topic of great importance for researchers and practitioners. This book was created to compile some of the most recent concepts, advances, challenges and ideas associated with Intelligent Modelling and Simulation frameworks, tools and applications. The first chapter discusses the important aspects of a human interaction and the correct interpretation of results during simulations. The second chapter gets to the heart of the analysis of entrepreneurship by means of agent-based modelling and simulations. The following three chapters bring together the central theme of simulation frameworks, first describing an agent-based simulation framework, then a simulator for electrical machines, and...

  10. Global health worker salary estimates: an econometric analysis of global earnings data.

    Science.gov (United States)

    Serje, Juliana; Bertram, Melanie Y; Brindley, Callum; Lauer, Jeremy A

    2018-01-01

    Human resources are consistently cited as a leading contributor to health care costs; however the availability of internationally comparable data on health worker earnings for all countries is a challenge for estimating the costs of health care services. This paper describes an econometric model using cross sectional earnings data from the International Labour Organization (ILO) that the World Health Organizations (WHO)-Choosing Interventions that are Cost-effective programme (CHOICE) has used to prepare estimates of health worker earnings (in 2010 USD) for all WHO member states. The ILO data contained 324 observations of earnings data across 4 skill levels for 193 countries. Using this data, along with the assumption that data were missing not at random, we used a Heckman two stage selection model to estimate earning data for each of the 4 skill levels for all WHO member states. It was possible to develop a prediction model for health worker earnings for all countries for which GDP data was available. Health worker earnings vary both within country due to skill level, as well as across countries. As a multiple of GDP per capita, earnings show a negative correlation with GDP-that is lower income countries pay their health workers relatively more than higher income countries. Limited data on health worker earnings is a limiting factor in estimating the costs of global health programmes. It is hoped that these estimates will support robust health care intervention costings and projections of resources needs over the Sustainable Development Goal period.

  11. Notes on modeling and simulation

    Energy Technology Data Exchange (ETDEWEB)

    Redondo, Antonio [Los Alamos National Lab. (LANL), Los Alamos, NM (United States)

    2017-03-10

    These notes present a high-level overview of how modeling and simulation are carried out by practitioners. The discussion is of a general nature; no specific techniques are examined but the activities associated with all modeling and simulation approaches are briefly addressed. There is also a discussion of validation and verification and, at the end, a section on why modeling and simulation are useful.

  12. Thermal unit availability modeling in a regional simulation model

    International Nuclear Information System (INIS)

    Yamayee, Z.A.; Port, J.; Robinett, W.

    1983-01-01

    The System Analysis Model (SAM) developed under the umbrella of PNUCC's System Analysis Committee is capable of simulating the operation of a given load/resource scenario. This model employs a Monte-Carlo simulation to incorporate uncertainties. Among uncertainties modeled is thermal unit availability both for energy simulation (seasonal) and capacity simulations (hourly). This paper presents the availability modeling in the capacity and energy models. The use of regional and national data in deriving the two availability models, the interaction between the two and modifications made to the capacity model in order to reflect regional practices is presented. A sample problem is presented to show the modification process. Results for modeling a nuclear unit using NERC-GADS is presented

  13. General introduction to simulation models

    DEFF Research Database (Denmark)

    Hisham Beshara Halasa, Tariq; Boklund, Anette

    2012-01-01

    trials. However, if simulation models would be used, good quality input data must be available. To model FMD, several disease spread models are available. For this project, we chose three simulation model; Davis Animal Disease Spread (DADS), that has been upgraded to DTU-DADS, InterSpread Plus (ISP......Monte Carlo simulation can be defined as a representation of real life systems to gain insight into their functions and to investigate the effects of alternative conditions or actions on the modeled system. Models are a simplification of a system. Most often, it is best to use experiments and field...... trials to investigate the effect of alternative conditions or actions on a specific system. Nonetheless, field trials are expensive and sometimes not possible to conduct, as in case of foot-and-mouth disease (FMD). Instead, simulation models can be a good and cheap substitute for experiments and field...

  14. Estimation of the value-at-risk parameter: Econometric analysis and the extreme value theory approach

    Directory of Open Access Journals (Sweden)

    Mladenović Zorica

    2006-01-01

    Full Text Available In this paper different aspects of value-at-risk estimation are considered. Daily returns of CISCO, INTEL and NASDAQ stock indices are analyzed for period: September 1996 - September 2006. Methods that incorporate time varying variability and heavy tails of the empirical distributions of returns are implemented. The main finding of the paper is that standard econometric methods underestimate the value-at-risk parameter if heavy tails of the empirical distribution are not explicitly taken into account. .

  15. The carbon Kuznets curve: A cloudy picture emitted by bad econometrics?

    Energy Technology Data Exchange (ETDEWEB)

    Wagner, Martin [Institute for Advanced Studies, Stumpergasse 56, A-1060 Vienna (Austria)

    2008-08-15

    We discuss several major econometric problems that have been ignored in the empirical environmental Kuznets curve (EKC) literature thus far. These are: First, the use of nonlinear transformations of integrated regressors and second, in a panel context, cross-sectional dependence in the data. Both problems fundamentally invalidate the use of widely applied time series and panel unit root and cointegration techniques. We use the important special case of the relationship between GDP and CO{sub 2} (and SO{sub 2}) emissions to show and discuss in detail that the seemingly strong evidence for an inverted U-shaped relationship between these variables obtained with commonly used methods is entirely spurious and vanishes when resorting to estimation strategies that take the discussed problems into account. (author)

  16. ECONOMIC MODELING STOCKS CONTROL SYSTEM: SIMULATION MODEL

    OpenAIRE

    Климак, М.С.; Войтко, С.В.

    2016-01-01

    Considered theoretical and applied aspects of the development of simulation models to predictthe optimal development and production systems that create tangible products andservices. It isproved that theprocessof inventory control needs of economicandmathematical modeling in viewof thecomplexity of theoretical studies. A simulation model of stocks control that allows make managementdecisions with production logistics

  17. Valuing structure, model uncertainty and model averaging in vector autoregressive processes

    NARCIS (Netherlands)

    R.W. Strachan (Rodney); H.K. van Dijk (Herman)

    2004-01-01

    textabstractEconomic policy decisions are often informed by empirical analysis based on accurate econometric modeling. However, a decision-maker is usually only interested in good estimates of outcomes, while an analyst must also be interested in estimating the model. Accurate inference on

  18. Un modello econometrico per il credito bancario alle famiglie in Italia (An econometric model for bank lending to households in Italy

    Directory of Open Access Journals (Sweden)

    Luca Casolaro

    2012-04-01

    Full Text Available Questo lavoro presenta la stima di un modello econometrico per il credito bancario alle famiglie in Italia nel periodo 1984-2003. Il modello si compone di due equazioni: prestiti per l’acquisto di abitazioni e altri prestiti alle famiglie (tipicamente credito al consumo e finanziamenti in conto corrente. Entrambe le equazioni evidenziano uno stretto legame con l’andamento congiunturale dell’economia e il livello dei tassi di interesse reali; i mutui alle famiglie sono influenzati anche dalla dinamica del mercato immobiliare e di quello azionario. Il lavoro verifica l’esistenza di cambiamenti strutturali nelle equazioni in relazione alle trasformazioni intervenute nel mercato del credito nella seconda parte degli anni novanta e scompone il contributo alla crescita del credito alle famiglie tra i diversi fattori.  This paper presents the estimation of an econometric model for bank lending to households in Italy in the period 1984-2003. The model consists of two equations: loans for house purchase and other loans to households (typically consumer credit and loans in the current account. Both equations show a close relationship with the economic trend and the level of real interest rates; household mortgages are also influenced by the dynamics of the housing market and the equity market. The work verifies the existence of structural changes in the equations in relation to the changes occurred in the credit market in the second half of the nineties and breaks down the contribution to growth in lending to households between the different factors.  JEL Codes: D12, G21Keywords: credito bancario, famiglie, prestiti, modello econometrico

  19. Whole-building Hygrothermal Simulation Model

    DEFF Research Database (Denmark)

    Rode, Carsten; Grau, Karl

    2003-01-01

    An existing integrated simulation tool for dynamic thermal simulation of building was extended with a transient model for moisture release and uptake in building materials. Validation of the new model was begun with comparison against measurements in an outdoor test cell furnished with single...... materials. Almost quasi-steady, cyclic experiments were used to compare the indoor humidity variation and the numerical results of the integrated simulation tool with the new moisture model. Except for the case with chipboard as furnishing, the predictions of indoor humidity with the detailed model were...

  20. Essays in financial economics and econometrics

    Science.gov (United States)

    La Spada, Gabriele

    Chapter 1 (my job market paper) asks the following question: Do asset managers reach for yield because of competitive pressures in a low rate environment? I propose a tournament model of money market funds (MMFs) to study this issue. I show that funds with different costs of default respond differently to changes in interest rates, and that it is important to distinguish the role of risk-free rates from that of risk premia. An increase in the risk premium leads funds with lower default costs to increase risk-taking, while funds with higher default costs reduce risk-taking. Without changes in the premium, low risk-free rates reduce risk-taking. My empirical analysis shows that these predictions are consistent with the risk-taking of MMFs during the 2006--2008 period. Chapter 2, co-authored with Fabrizio Lillo and published in Studies in Nonlinear Dynamics and Econometrics (2014), studies the effect of round-off error (or discretization) on stationary Gaussian long-memory process. For large lags, the autocovariance is rescaled by a factor smaller than one, and we compute this factor exactly. Hence, the discretized process has the same Hurst exponent as the underlying one. We show that in presence of round-off error, two common estimators of the Hurst exponent, the local Whittle (LW) estimator and the detrended fluctuation analysis (DFA), are severely negatively biased in finite samples. We derive conditions for consistency and asymptotic normality of the LW estimator applied to discretized processes and compute the asymptotic properties of the DFA for generic long-memory processes that encompass discretized processes. Chapter 3, co-authored with Fabrizio Lillo, studies the effect of round-off error on integrated Gaussian processes with possibly correlated increments. We derive the variance and kurtosis of the realized increment process in the limit of both "small" and "large" round-off errors, and its autocovariance for large lags. We propose novel estimators for the

  1. Progress in modeling and simulation.

    Science.gov (United States)

    Kindler, E

    1998-01-01

    For the modeling of systems, the computers are more and more used while the other "media" (including the human intellect) carrying the models are abandoned. For the modeling of knowledges, i.e. of more or less general concepts (possibly used to model systems composed of instances of such concepts), the object-oriented programming is nowadays widely used. For the modeling of processes existing and developing in the time, computer simulation is used, the results of which are often presented by means of animation (graphical pictures moving and changing in time). Unfortunately, the object-oriented programming tools are commonly not designed to be of a great use for simulation while the programming tools for simulation do not enable their users to apply the advantages of the object-oriented programming. Nevertheless, there are exclusions enabling to use general concepts represented at a computer, for constructing simulation models and for their easy modification. They are described in the present paper, together with true definitions of modeling, simulation and object-oriented programming (including cases that do not satisfy the definitions but are dangerous to introduce misunderstanding), an outline of their applications and of their further development. In relation to the fact that computing systems are being introduced to be control components into a large spectrum of (technological, social and biological) systems, the attention is oriented to models of systems containing modeling components.

  2. Simulation modelling of fynbos ecosystems: Systems analysis and conceptual models

    CSIR Research Space (South Africa)

    Kruger, FJ

    1985-03-01

    Full Text Available -animal interactions. An additional two models, which expand aspects of the FYNBOS model, are described: a model for simulating canopy processes; and a Fire Recovery Simulator. The canopy process model will simulate ecophysiological processes in more detail than FYNBOS...

  3. Econometría Espacial Aplicada a la Agricultura de Precisión

    Directory of Open Access Journals (Sweden)

    Rodolfo Bongiovanni

    2013-04-01

    Full Text Available La agricultura de precisión se define como la “aplicación de tecnologías y principios de manejo de cultivos para manejar la variabilidad espacio-temporal asociada a la producción agrícola”.El artículo muestra cómo la econometría espacial se puede aplicar al estudio de los datos del monitor de rendimiento para estimar la respuesta del cultivo al fertilizante.En un estudio de caso de fertilización del maíz con nitrógeno en 1998-99 indican: hay autocorrelación espacial y heterocedasticidad en la respuesta del maíz; la respuesta al nitrógeno y las dosis óptimas de nitrógeno difieren en las distintas posiciones topográficas dentro del lote; la dosis variable de nitrógeno es rentable a un costo extra de USD 6 ha-1; la respuesta al nitrógeno y las dosis óptimas por posición en el lote difieren de año en año.Este resultado es interesante y alienta el uso de la econometría espacial en modelos espaciales, como una herramienta efectiva para determinar la rentabilidad de la dosis variable. Se debe tener en cuenta que se trata de un análisis “ex-post”, es decir, se asume que la respuesta del cultivo al N se conoce al momento de realizar la fertilización. A pesar de que la respuesta esperada nunca se va a conocer con certeza, un análisis económico de este tipo es el punto de partida que permite comenzar a comprender las implicaciones del manejo sitio-específico.

  4. Models and relations in economics and econometrics

    DEFF Research Database (Denmark)

    Juselius, Katarina

    1999-01-01

    Based on a money market analysis using the cointegrated VAR model the paper demonstrates some possible pitfalls in macroeconomic inference as a direct consequence of inadequate stochastic model formulation. A number of questions related to concepts such as empirical and theoretical steady...

  5. Simulation modeling and analysis with Arena

    CERN Document Server

    Altiok, Tayfur

    2007-01-01

    Simulation Modeling and Analysis with Arena is a highly readable textbook which treats the essentials of the Monte Carlo discrete-event simulation methodology, and does so in the context of a popular Arena simulation environment.” It treats simulation modeling as an in-vitro laboratory that facilitates the understanding of complex systems and experimentation with what-if scenarios in order to estimate their performance metrics. The book contains chapters on the simulation modeling methodology and the underpinnings of discrete-event systems, as well as the relevant underlying probability, statistics, stochastic processes, input analysis, model validation and output analysis. All simulation-related concepts are illustrated in numerous Arena examples, encompassing production lines, manufacturing and inventory systems, transportation systems, and computer information systems in networked settings.· Introduces the concept of discrete event Monte Carlo simulation, the most commonly used methodology for modeli...

  6. Existing agricultural ecosystem in China leads to environmental pollution: an econometric approach.

    Science.gov (United States)

    Hongdou, Lei; Shiping, Li; Hao, Li

    2018-06-17

    Sustainable agriculture ensures food security and prevents starvation. However, the need to meet the increasing food demands of the growing population has led to poor and unsustainable agricultural practices, which promote environmental degradation. Given the contributions of agricultural ecosystems to environmental pollution, we investigated the impact of the agricultural ecosystem on environmental pollution in China using time series data from 1960 to 2014. We employed several methods for econometric analysis including the unit root test, Johansen test of cointegration, Granger causality test, and vector error correction model. Evidence based on the long-run elasticity indicates that a 1% increase in the emissions of carbon dioxide (CO 2 ) equivalent to nitrous oxide from synthetic fertilizers will increase the emissions of CO 2 by 1.52% in the long run. Similarly, a 1% increase in the area of harvested rice paddy, cereal production, biomass of burned crop residues, and agricultural GDP will increase the carbon dioxide emissions by 0.85, 0.63, 0.37, and 0.22%, respectively. The estimated results indicate that there are long-term equilibrium relationships among the selected variables considered for the agricultural ecosystem and carbon dioxide emissions. In particular, we identified bidirectional causal associations between CO 2 emissions, biomass of burned crop residues, and cereal production. Graphical abstract ᅟ.

  7. Development of the Transport Class Model (TCM) Aircraft Simulation From a Sub-Scale Generic Transport Model (GTM) Simulation

    Science.gov (United States)

    Hueschen, Richard M.

    2011-01-01

    A six degree-of-freedom, flat-earth dynamics, non-linear, and non-proprietary aircraft simulation was developed that is representative of a generic mid-sized twin-jet transport aircraft. The simulation was developed from a non-proprietary, publicly available, subscale twin-jet transport aircraft simulation using scaling relationships and a modified aerodynamic database. The simulation has an extended aerodynamics database with aero data outside the normal transport-operating envelope (large angle-of-attack and sideslip values). The simulation has representative transport aircraft surface actuator models with variable rate-limits and generally fixed position limits. The simulation contains a generic 40,000 lb sea level thrust engine model. The engine model is a first order dynamic model with a variable time constant that changes according to simulation conditions. The simulation provides a means for interfacing a flight control system to use the simulation sensor variables and to command the surface actuators and throttle position of the engine model.

  8. Testing the Environmental Kuznets Curve Hypothesis for Biodiversity Risk in the US: A Spatial Econometric Approach

    Directory of Open Access Journals (Sweden)

    Robert P. Berrens

    2011-11-01

    Full Text Available This study investigates whether the environmental Kuznets curve (EKC relationship is supported for a measure of biodiversity risk and economic development across the United States (US. Using state-level data for all 48 contiguous states, biodiversity risk is measured using a Modified Index (MODEX. This index is an adaptation of a comprehensive National Biodiversity Risk Assessment Index. The MODEX differs from other measures in that it is takes into account the impact of human activities and conservation measures. The econometric approach includes corrections for spatial autocorrelation effects, which are present in the data. Modeling estimation results do not support the EKC hypothesis for biodiversity risk in the US. This finding is robust over ordinary least squares, spatial error, and spatial lag models, where the latter is shown to be the preferred model. Results from the spatial lag regression show that a 1% increase in human population density is associated with about a 0.19% increase in biodiversity risk. Spatial dependence in this case study explains 30% of the variation, as risk in one state spills over into adjoining states. From a policy perspective, this latter result supports the need for coordinated efforts at state and federal levels to address the problem of biodiversity loss.

  9. An econometric study on long-term energy outlook and the implications of renewable energy utilization in Malaysia

    International Nuclear Information System (INIS)

    Gan, Peck Yean; Li, ZhiDong

    2008-01-01

    We developed a comprehensive econometric model to study the long-term outlook of Malaysia's economy, energy and environment to 2030. Our projections under the reference scenario indicated that Malaysia's gross domestic production (GDP) is expected to average 4.6% from 2004 to 2030, and total primary energy consumption will triple by 2030. Coal import will increase following governmental policy of intensifying its use for power generation. Oil import is predicted to take place by 2013 and reach 45 Mtoe in 2030. Hence, in the near future, Malaysia's energy import dependency will rise. Carbon emissions will triple by 2030. On the other hand, our projections under an alternative renewable energy (RE) scenario showed that the utilization of RE is a strategic option to improve the long-term energy security and environmental performance of Malaysia. However, substantial governmental involvements and support, as well as the establishment of a regulatory framework are necessary. (author)

  10. The economic viability of value-based food chain for dairy farms in mountain regions: an econometric analysis approach

    Directory of Open Access Journals (Sweden)

    Jernej Prišenk

    2016-07-01

    Full Text Available The attention of this paper is drawn to analyze the economic potential of involvement of farmers into the small-medium sized value-based food chain (VBFC. The survey represents a solid dana basis from which econometric modelling approach was further developed. Empirical results reveal the positive economic viability on a general level; this means more stable purchase price of raw milk for dairy farms, which are the part of value-based food chain. Results point at inelastic demand for milk and milk related products. Furthermore, there are some accompanying and underlying indirect social benefits, such as production of high-quality food products, more stable and constant demand for raw milk, steady payments and better social situation. The last one is especially important for the farms operating in less-favored mountain areas where the survey was actually conducted.

  11. AEGIS geologic simulation model

    International Nuclear Information System (INIS)

    Foley, M.G.

    1982-01-01

    The Geologic Simulation Model (GSM) is used by the AEGIS (Assessment of Effectiveness of Geologic Isolation Systems) program at the Pacific Northwest Laboratory to simulate the dynamic geology and hydrology of a geologic nuclear waste repository site over a million-year period following repository closure. The GSM helps to organize geologic/hydrologic data; to focus attention on active natural processes by requiring their simulation; and, through interactive simulation and calibration, to reduce subjective evaluations of the geologic system. During each computer run, the GSM produces a million-year geologic history that is possible for the region and the repository site. In addition, the GSM records in permanent history files everything that occurred during that time span. Statistical analyses of data in the history files of several hundred simulations are used to classify typical evolutionary paths, to establish the probabilities associated with deviations from the typical paths, and to determine which types of perturbations of the geologic/hydrologic system, if any, are most likely to occur. These simulations will be evaluated by geologists familiar with the repository region to determine validity of the results. Perturbed systems that are determined to be the most realistic, within whatever probability limits are established, will be used for the analyses that involve radionuclide transport and dose models. The GSM is designed to be continuously refined and updated. Simulation models are site specific, and, although the submodels may have limited general applicability, the input data equirements necessitate detailed characterization of each site before application

  12. Econometric model of the petroleum industry. [Determining crude supply and outputs/prices of refinery products

    Energy Technology Data Exchange (ETDEWEB)

    Rice, P [Oak Ridge National Lab., TN; Smith, V K

    1977-11-01

    This paper describes a forty-two nonlinear equation model of the U.S. petroleum industry estimated over the period 1946 to 1973. The model specifies refinery outputs and prices as being simultaneously determined by market forces while the domestic output of crude oil is determined in a block-recursive segment of the model. The simultaneous behavioral equations are estimated with nonlinear two-stage least-squares adjusted to reflect the implications of autocorrelation for those equations where it appears to be a problem. A multi-period sample simulation, together with forecasts for 1974 and 1975 are used to evaluate the model's performance. Finally, it is used to forecast to 1985 under two scenarios and compared with the Federal Energy Administration's forecast for the same period. 2 figures, 8 tables, 38 references.

  13. Does a hospital's quality depend on the quality of other hospitals? A spatial econometrics approach.

    Science.gov (United States)

    Gravelle, Hugh; Santos, Rita; Siciliani, Luigi

    2014-11-01

    We examine whether a hospital's quality is affected by the quality provided by other hospitals in the same market. We first sketch a theoretical model with regulated prices and derive conditions on demand and cost functions which determine whether a hospital will increase its quality if its rivals increase their quality. We then apply spatial econometric methods to a sample of English hospitals in 2009-10 and a set of 16 quality measures including mortality rates, readmission, revision and redo rates, and three patient reported indicators, to examine the relationship between the quality of hospitals. We find that a hospital's quality is positively associated with the quality of its rivals for seven out of the sixteen quality measures. There are no statistically significant negative associations. In those cases where there is a significant positive association, an increase in rivals' quality by 10% increases a hospital's quality by 1.7% to 2.9%. The finding suggests that for some quality measures a policy which improves the quality in one hospital will have positive spillover effects on the quality in other hospitals.

  14. THE MARK I BUSINESS SYSTEM SIMULATION MODEL

    Science.gov (United States)

    of a large-scale business simulation model as a vehicle for doing research in management controls. The major results of the program were the...development of the Mark I business simulation model and the Simulation Package (SIMPAC). SIMPAC is a method and set of programs facilitating the construction...of large simulation models. The object of this document is to describe the Mark I Corporation model, state why parts of the business were modeled as they were, and indicate the research applications of the model. (Author)

  15. Determinants of the distribution and concentration of biogas production in Germany. A spatial econometric analysis

    International Nuclear Information System (INIS)

    Scholz, Lukas

    2015-01-01

    The biogas production in Germany is characterized by a heterogeneous distribution and the formation of regional centers. In the present study the determinants of the spatial distribution and concentration are analyzed with methods of spatial statistics and spatial econometrics. In addition to the consideration of ''classic'' site factors of agricultural production, the analysis here focuses on the possible relevance of agglomeration effects. The results of the work contribute to a better understanding of the regional distribution and concentration of the biogas production in Germany. [de

  16. Are happiness and productivity lower among young people with newly-divorced parents? : an experimental and econometric approach

    OpenAIRE

    Proto, Eugenio; Sgroi, Daniel; Oswald, Andrew J.

    2012-01-01

    High rates of divorce in western society have prompted much research on the repercussions for well-being and the economy. Yet little is known about the important topic of whether parental divorce has deleterious consequences upon adult children. By combining experimental and econometric survey-based evidence, this study attempts to provide an answer. Under controlled conditions, it measures university students’ subjective well-being and productivity (in a standardized laboratory task). It fin...

  17. Stochastic models: theory and simulation.

    Energy Technology Data Exchange (ETDEWEB)

    Field, Richard V., Jr.

    2008-03-01

    Many problems in applied science and engineering involve physical phenomena that behave randomly in time and/or space. Examples are diverse and include turbulent flow over an aircraft wing, Earth climatology, material microstructure, and the financial markets. Mathematical models for these random phenomena are referred to as stochastic processes and/or random fields, and Monte Carlo simulation is the only general-purpose tool for solving problems of this type. The use of Monte Carlo simulation requires methods and algorithms to generate samples of the appropriate stochastic model; these samples then become inputs and/or boundary conditions to established deterministic simulation codes. While numerous algorithms and tools currently exist to generate samples of simple random variables and vectors, no cohesive simulation tool yet exists for generating samples of stochastic processes and/or random fields. There are two objectives of this report. First, we provide some theoretical background on stochastic processes and random fields that can be used to model phenomena that are random in space and/or time. Second, we provide simple algorithms that can be used to generate independent samples of general stochastic models. The theory and simulation of random variables and vectors is also reviewed for completeness.

  18. Simulation Model of a Transient

    DEFF Research Database (Denmark)

    Jauch, Clemens; Sørensen, Poul; Bak-Jensen, Birgitte

    2005-01-01

    This paper describes the simulation model of a controller that enables an active-stall wind turbine to ride through transient faults. The simulated wind turbine is connected to a simple model of a power system. Certain fault scenarios are specified and the turbine shall be able to sustain operati...

  19. Spatial Econometric Research on the Relationship between Highway Construction and Regional Economic Growth in China: Evidence from the Nationwide Panel Data

    Science.gov (United States)

    Ye, N. J.; Li, W. J.; Li, Y.; Bai, Y. F.

    2017-12-01

    Based on spatial panel data from 2010 to 2016 in China, this paper makes an empirical analysis on the relationship between highway construction and regional economic growth by means of spatial econometric model. The results show that there is positive spatial correlation on regional economic growth in China, and strong spatial dependences between some provinces and cities appear, specifically, Hebei, Beijing, Tianjin, Shanghai, Zhejiang and other eastern coastal areas show high-high agglomeration trend, the Pearl River Delta region presents high-low agglomeration trend; In terms of nationwide provinces and municipalities, a province’s highway construction investment for their own province and the neighboring provinces has pulling effect on economic growth to a certain extent, and the direct effect is more obvious.

  20. FORECAST PRODUCTION COSTS SUGAR IN THE PROVINCE OF SANTIAGO DE CUBA THROUGH ECONOMETRIC TECHNIQUES

    Directory of Open Access Journals (Sweden)

    Ramón Rodríguez-Betancourt

    2016-01-01

    Full Text Available The conformation at the present time, of an economic model renovated in Cuba, it should be based in the efficient use of the productive factors which it counts the country, with emphasis in the substitution of imports. In the chapter VII, article 184 of the Limits of the Economic and Social Politics of the Party and the Revolution it can be read: "To prioritize, in short term, the substitution of imports of those foods that can be produced efficiently in the country; also it will owe to multiply the application of the results of the science and the technique."1 In fact the objective of the present investigation, using econometrics technical to carry out presage of the cost of sugar production, using factors in the productive process: days of harvest, use of the potential, recovered capacity and industrial yield. The results indicate  that the factor with more influences in the decrease of the costs is the industrial yield. It is also obtained a cost presage for the county Santiago de Cuba in different harvest stages that oscillates between $372,45 and 517,52 and it stops extreme values of $ 303,21 and $ 777,6. 

  1. Modeling Chaotic Behavior of Chittagong Stock Indices

    Directory of Open Access Journals (Sweden)

    Shipra Banik

    2012-01-01

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

  2. A VRLA battery simulation model

    International Nuclear Information System (INIS)

    Pascoe, Phillip E.; Anbuky, Adnan H.

    2004-01-01

    A valve regulated lead acid (VRLA) battery simulation model is an invaluable tool for the standby power system engineer. The obvious use for such a model is to allow the assessment of battery performance. This may involve determining the influence of cells suffering from state of health (SOH) degradation on the performance of the entire string, or the running of test scenarios to ascertain the most suitable battery size for the application. In addition, it enables the engineer to assess the performance of the overall power system. This includes, for example, running test scenarios to determine the benefits of various load shedding schemes. It also allows the assessment of other power system components, either for determining their requirements and/or vulnerabilities. Finally, a VRLA battery simulation model is vital as a stand alone tool for educational purposes. Despite the fundamentals of the VRLA battery having been established for over 100 years, its operating behaviour is often poorly understood. An accurate simulation model enables the engineer to gain a better understanding of VRLA battery behaviour. A system level multipurpose VRLA battery simulation model is presented. It allows an arbitrary battery (capacity, SOH, number of cells and number of strings) to be simulated under arbitrary operating conditions (discharge rate, ambient temperature, end voltage, charge rate and initial state of charge). The model accurately reflects the VRLA battery discharge and recharge behaviour. This includes the complex start of discharge region known as the coup de fouet

  3. An econometric study on long-term energy outlook and the implications of renewable energy utilization in Malaysia

    Energy Technology Data Exchange (ETDEWEB)

    Gan, Peck Yean [Department of Engineering-Energy and Environment Science, Nagaoka University of Technology, 1603-1 Kamitomioka, Nagaoka, Niigata 940-2188 (Japan); Li, ZhiDong [Department of Management and Information System Science, Nagaoka University of Technology, 1603-1 Kamitomioka, Nagaoka, Niigata 940-2188 (Japan)

    2008-02-15

    We developed a comprehensive econometric model to study the long-term outlook of Malaysia's economy, energy and environment to 2030. Our projections under the reference scenario indicated that Malaysia's gross domestic production (GDP) is expected to average 4.6% from 2004 to 2030, and total primary energy consumption will triple by 2030. Coal import will increase following governmental policy of intensifying its use for power generation. Oil import is predicted to take place by 2013 and reach 45 Mtoe in 2030. Hence, in the near future, Malaysia's energy import dependency will rise. Carbon emissions will triple by 2030. On the other hand, our projections under an alternative renewable energy (RE) scenario showed that the utilization of RE is a strategic option to improve the long-term energy security and environmental performance of Malaysia. However, substantial governmental involvements and support, as well as the establishment of a regulatory framework are necessary. (author)

  4. Two-stage residual inclusion estimation: addressing endogeneity in health econometric modeling.

    Science.gov (United States)

    Terza, Joseph V; Basu, Anirban; Rathouz, Paul J

    2008-05-01

    The paper focuses on two estimation methods that have been widely used to address endogeneity in empirical research in health economics and health services research-two-stage predictor substitution (2SPS) and two-stage residual inclusion (2SRI). 2SPS is the rote extension (to nonlinear models) of the popular linear two-stage least squares estimator. The 2SRI estimator is similar except that in the second-stage regression, the endogenous variables are not replaced by first-stage predictors. Instead, first-stage residuals are included as additional regressors. In a generic parametric framework, we show that 2SRI is consistent and 2SPS is not. Results from a simulation study and an illustrative example also recommend against 2SPS and favor 2SRI. Our findings are important given that there are many prominent examples of the application of inconsistent 2SPS in the recent literature. This study can be used as a guide by future researchers in health economics who are confronted with endogeneity in their empirical work.

  5. Magnetosphere Modeling: From Cartoons to Simulations

    Science.gov (United States)

    Gombosi, T. I.

    2017-12-01

    Over the last half a century physics-based global computer simulations became a bridge between experiment and basic theory and now it represents the "third pillar" of geospace research. Today, many of our scientific publications utilize large-scale simulations to interpret observations, test new ideas, plan campaigns, or design new instruments. Realistic simulations of the complex Sun-Earth system have been made possible by the dramatically increased power of both computing hardware and numerical algorithms. Early magnetosphere models were based on simple E&M concepts (like the Chapman-Ferraro cavity) and hydrodynamic analogies (bow shock). At the beginning of the space age current system models were developed culminating in the sophisticated Tsyganenko-type description of the magnetic configuration. The first 3D MHD simulations of the magnetosphere were published in the early 1980s. A decade later there were several competing global models that were able to reproduce many fundamental properties of the magnetosphere. The leading models included the impact of the ionosphere by using a height-integrated electric potential description. Dynamic coupling of global and regional models started in the early 2000s by integrating a ring current and a global magnetosphere model. It has been recognized for quite some time that plasma kinetic effects play an important role. Presently, global hybrid simulations of the dynamic magnetosphere are expected to be possible on exascale supercomputers, while fully kinetic simulations with realistic mass ratios are still decades away. In the 2010s several groups started to experiment with PIC simulations embedded in large-scale 3D MHD models. Presently this integrated MHD-PIC approach is at the forefront of magnetosphere simulations and this technique is expected to lead to some important advances in our understanding of magnetosheric physics. This talk will review the evolution of magnetosphere modeling from cartoons to current systems

  6. Stochastic modeling analysis and simulation

    CERN Document Server

    Nelson, Barry L

    1995-01-01

    A coherent introduction to the techniques for modeling dynamic stochastic systems, this volume also offers a guide to the mathematical, numerical, and simulation tools of systems analysis. Suitable for advanced undergraduates and graduate-level industrial engineers and management science majors, it proposes modeling systems in terms of their simulation, regardless of whether simulation is employed for analysis. Beginning with a view of the conditions that permit a mathematical-numerical analysis, the text explores Poisson and renewal processes, Markov chains in discrete and continuous time, se

  7. SEIR model simulation for Hepatitis B

    Science.gov (United States)

    Side, Syafruddin; Irwan, Mulbar, Usman; Sanusi, Wahidah

    2017-09-01

    Mathematical modelling and simulation for Hepatitis B discuss in this paper. Population devided by four variables, namely: Susceptible, Exposed, Infected and Recovered (SEIR). Several factors affect the population in this model is vaccination, immigration and emigration that occurred in the population. SEIR Model obtained Ordinary Differential Equation (ODE) non-linear System 4-D which then reduces to 3-D. SEIR model simulation undertaken to predict the number of Hepatitis B cases. The results of the simulation indicates the number of Hepatitis B cases will increase and then decrease for several months. The result of simulation using the number of case in Makassar also found the basic reproduction number less than one, that means, Makassar city is not an endemic area of Hepatitis B.

  8. Climate simulations for 1880-2003 with GISS modelE

    International Nuclear Information System (INIS)

    Hansen, J.; Lacis, A.; Miller, R.; Schmidt, G.A.; Russell, G.; Canuto, V.; Del Genio, A.; Hall, T.; Hansen, J.; Sato, M.; Kharecha, P.; Nazarenko, L.; Aleinov, I.; Bauer, S.; Chandler, M.; Faluvegi, G.; Jonas, J.; Ruedy, R.; Lo, K.; Cheng, Y.; Lacis, A.; Schmidt, G.A.; Del Genio, A.; Miller, R.; Cairns, B.; Hall, T.; Baum, E.; Cohen, A.; Fleming, E.; Jackman, C.; Friend, A.; Kelley, M.

    2007-01-01

    We carry out climate simulations for 1880-2003 with GISS modelE driven by ten measured or estimated climate forcing. An ensemble of climate model runs is carried out for each forcing acting individually and for all forcing mechanisms acting together. We compare side-by-side simulated climate change for each forcing, all forcing, observations, unforced variability among model ensemble members, and, if available, observed variability. Discrepancies between observations and simulations with all forcing are due to model deficiencies, inaccurate or incomplete forcing, and imperfect observations. Although there are notable discrepancies between model and observations, the fidelity is sufficient to encourage use of the model for simulations of future climate change. By using a fixed well-documented model and accurately defining the 1880-2003 forcing, we aim to provide a benchmark against which the effect of improvements in the model, climate forcing, and observations can be tested. Principal model deficiencies include unrealistic weak tropical El Nino-like variability and a poor distribution of sea ice, with too much sea ice in the Northern Hemisphere and too little in the Southern Hemisphere. Greatest uncertainties in the forcing are the temporal and spatial variations of anthropogenic aerosols and their indirect effects on clouds. (authors)

  9. FASTBUS simulation models in VHDL

    International Nuclear Information System (INIS)

    Appelquist, G.

    1992-11-01

    Four hardware simulation models implementing the FASTBUS protocol are described. The models are written in the VHDL hardware description language to obtain portability, i.e. without relations to any specific simulator. They include two complete FASTBUS devices, a full-duplex segment interconnect and ancillary logic for the segment. In addition, master and slave models using a high level interface to describe FASTBUS operations, are presented. With these models different configurations of FASTBUS systems can be evaluated and the FASTBUS transactions of new devices can be verified. (au)

  10. MODEL OF ANALYSIS IN THE ROMANIAN FOOTWEAR INDUSTRY

    Directory of Open Access Journals (Sweden)

    Dimi OFILEANU

    2014-06-01

    Full Text Available The aim of this work is to determine the influence that exports of footwear industry have on the turnover of the sector. In the work, a period of 9 years is taken into consideration: from 2004 to 2012, establishing an econometric model of analysis of the connection between the turnover and direct exports of footwear industry in Romania. Based on the analyzed empirical data, the work answers to the following question: what is the influence that exports of footwear industry have on sector’s turnover? In addition to specifying the econometric model which describes the connection between the two variables, we also test the validity of the model and the intensity of the connection between the two variables.

  11. Scientific Modeling and simulations

    CERN Document Server

    Diaz de la Rubia, Tomás

    2009-01-01

    Showcases the conceptual advantages of modeling which, coupled with the unprecedented computing power through simulations, allow scientists to tackle the formibable problems of our society, such as the search for hydrocarbons, understanding the structure of a virus, or the intersection between simulations and real data in extreme environments

  12. Network Modeling and Simulation A Practical Perspective

    CERN Document Server

    Guizani, Mohsen; Khan, Bilal

    2010-01-01

    Network Modeling and Simulation is a practical guide to using modeling and simulation to solve real-life problems. The authors give a comprehensive exposition of the core concepts in modeling and simulation, and then systematically address the many practical considerations faced by developers in modeling complex large-scale systems. The authors provide examples from computer and telecommunication networks and use these to illustrate the process of mapping generic simulation concepts to domain-specific problems in different industries and disciplines. Key features: Provides the tools and strate

  13. Model reduction for circuit simulation

    CERN Document Server

    Hinze, Michael; Maten, E Jan W Ter

    2011-01-01

    Simulation based on mathematical models plays a major role in computer aided design of integrated circuits (ICs). Decreasing structure sizes, increasing packing densities and driving frequencies require the use of refined mathematical models, and to take into account secondary, parasitic effects. This leads to very high dimensional problems which nowadays require simulation times too large for the short time-to-market demands in industry. Modern Model Order Reduction (MOR) techniques present a way out of this dilemma in providing surrogate models which keep the main characteristics of the devi

  14. On Forecasting Macro-Economic Indicators with the Help of Finite-Difference Equations and Econometric Methods

    Directory of Open Access Journals (Sweden)

    Polshkov Yulian M.

    2013-11-01

    Full Text Available The article considers data on the gross domestic product, consumer expenditures, gross investments and volume of foreign trade for the national economy. It is assumed that time is a discrete variable with one year iteration. The article uses finite-difference equations. It considers models with a high degree of the regulatory function of the state with respect to the consumer market. The econometric component is based on the hypothesis that each of the above said macro-economic indicators for this year depends on the gross domestic product for the previous time periods. Such an assumption gives a possibility to engage the least-squares method for building up linear models of the pair regression. The article obtains the time series model, which allows building point and interval forecasts for the gross domestic product for the next year based on the values of the gross domestic product for the current and previous years. The article draws a conclusion that such forecasts could be considered justified at least in the short-term prospect. From the mathematical point of view the built model is a heterogeneous finite-difference equation of the second order with constant ratios. The article describes specific features of such equations. It illustrates graphically the analytical view of solutions of the finite-difference equation. This gives grounds to differentiate national economies as sustainable growth economies, one-sided, weak or being in the stage of successful re-formation. The article conducts comparison of the listed types with specific economies of modern states.

  15. Una teoria macroeconomica della distribuzione per disperdere le nebbie dell'economia. (A macro-distributive theory dispelling the econometric fog

    Directory of Open Access Journals (Sweden)

    S. WEINTRAUB

    2013-12-01

    Full Text Available L'opera presenta un modello lineare del settore del mercato privato dell'economia costruito in blocchi principali di Keynes , con alcuni pezzi forniti da Kalecki , Kaldor , e Robinson . L'autore sostiene che tale modello è ricco di promesse in virtù della sua portata e che risolve gran parte del mistero dei modelli econometrici e dimostra le circostanze in cui essi sono suscettibili di agire bene o male . Pedagogicamente , le idee di base sono facilemnte trasmissibilinella prima fase degli studi economici The work presents a linear model of the private market sector of the economy built out of the main blocks of Keynes with some pieces furnished by Kalecki, Kaldor, and Robinson. The author argues that such model is rich in promise by virtue of its scope and that it strips much of the mystery from econometric models and demonstrates the circumstances in which they are likely to perform well or badly. The consistent relations offer hospitable shelter for the theory of income, employment, price level, and income shares in a succinct design. Pedagogically, the elemental ideas are capable of transmission at an early stage in economic studies. JEL: E12

  16. Simulation and Modeling Methodologies, Technologies and Applications

    CERN Document Server

    Filipe, Joaquim; Kacprzyk, Janusz; Pina, Nuno

    2014-01-01

    This book includes extended and revised versions of a set of selected papers from the 2012 International Conference on Simulation and Modeling Methodologies, Technologies and Applications (SIMULTECH 2012) which was sponsored by the Institute for Systems and Technologies of Information, Control and Communication (INSTICC) and held in Rome, Italy. SIMULTECH 2012 was technically co-sponsored by the Society for Modeling & Simulation International (SCS), GDR I3, Lionphant Simulation, Simulation Team and IFIP and held in cooperation with AIS Special Interest Group of Modeling and Simulation (AIS SIGMAS) and the Movimento Italiano Modellazione e Simulazione (MIMOS).

  17. Understanding Emergency Care Delivery Through Computer Simulation Modeling.

    Science.gov (United States)

    Laker, Lauren F; Torabi, Elham; France, Daniel J; Froehle, Craig M; Goldlust, Eric J; Hoot, Nathan R; Kasaie, Parastu; Lyons, Michael S; Barg-Walkow, Laura H; Ward, Michael J; Wears, Robert L

    2018-02-01

    In 2017, Academic Emergency Medicine convened a consensus conference entitled, "Catalyzing System Change through Health Care Simulation: Systems, Competency, and Outcomes." This article, a product of the breakout session on "understanding complex interactions through systems modeling," explores the role that computer simulation modeling can and should play in research and development of emergency care delivery systems. This article discusses areas central to the use of computer simulation modeling in emergency care research. The four central approaches to computer simulation modeling are described (Monte Carlo simulation, system dynamics modeling, discrete-event simulation, and agent-based simulation), along with problems amenable to their use and relevant examples to emergency care. Also discussed is an introduction to available software modeling platforms and how to explore their use for research, along with a research agenda for computer simulation modeling. Through this article, our goal is to enhance adoption of computer simulation, a set of methods that hold great promise in addressing emergency care organization and design challenges. © 2017 by the Society for Academic Emergency Medicine.

  18. Using Weather Data and Climate Model Output in Economic Analyses of Climate Change

    Energy Technology Data Exchange (ETDEWEB)

    Auffhammer, M.; Hsiang, S. M.; Schlenker, W.; Sobel, A.

    2013-06-28

    Economists are increasingly using weather data and climate model output in analyses of the economic impacts of climate change. This article introduces a set of weather data sets and climate models that are frequently used, discusses the most common mistakes economists make in using these products, and identifies ways to avoid these pitfalls. We first provide an introduction to weather data, including a summary of the types of datasets available, and then discuss five common pitfalls that empirical researchers should be aware of when using historical weather data as explanatory variables in econometric applications. We then provide a brief overview of climate models and discuss two common and significant errors often made by economists when climate model output is used to simulate the future impacts of climate change on an economic outcome of interest.

  19. Micro-econometric Analysis of Impact of Remittances on Household’s Welfare: Empirical Evidence from District Peshawar

    Directory of Open Access Journals (Sweden)

    Syed Waqar Hussain

    2012-01-01

    Full Text Available The present study has been conducted in the year 2010 in district Peshawar to assess the impact of inflow of remittances on household’s welfare. The concept welfare was measured in terms of consumption expenditures of the household. A sample of 60 household was interviewed using snowball sampling combined with the convenient sampling technique. A regression model which was a mixture of direct elasticity and semi-elasticity was used to quantify the relationships. Apart from inflow of remittances (lnremt, three control variables (i.e. years of schooling of the household’s head – edu, age of household’s head – age & family size – fz were employed to standardize the impact. Controlling for edu, age & edu, this paper conclude that inflow of remittances enhance household’s welfare. All control variables have theoretically correct positive signs. These results were statistically significant and results showed no major econometric problems that can influence statistical inference derived from the model. So it is highly recommended, in light of the present study, that govt. of Pakistan should take all possible steps to export labors abroad. It has dual positive impacts, one enhancing household’s prosperity (welfare and other reducing unemployment at local level.

  20. Time Series Modeling of Army Mission Command Communication Networks: An Event-Driven Analysis

    Science.gov (United States)

    2013-06-01

    Lehmann, D. R. (1984). How advertising affects sales: Meta- analysis of econometric results. Journal of Marketing Research , 21, 65-74. Barabási, A. L...317-357. Leone, R. P. (1983). Modeling sales-advertising relationships: An integrated time series- econometric approach. Journal of Marketing ... Research , 20, 291-295. McGrath, J. E., & Kravitz, D. A. (1982). Group research. Annual Review of Psychology, 33, 195- 230. Monge, P. R., & Contractor

  1. Cointegration and error correction modelling of agricultural commodity trade: The case of ASEAN agricultural exports to the EU

    Directory of Open Access Journals (Sweden)

    J. NIEMI

    2008-12-01

    Full Text Available The objecti e of this study is to increase our understanding of the specification and estimation of agricultural commodity trade models as well as to provide instruments for trade policy analysis. More specifically,the aim is to build a set of dynamic,theory-based econometric models which are able to capture both short-run and long-run effects of income and price changes,and which can be used for prediction and policy simulation under alternati e assumed conditions.A relati ely unrestricted,data determined,econometric modelling approach based on the error correction mechanism is used,in order to emphasise the importance of dynamics of trade functions.Econometric models are constructed for se en agricultural commodities –cassa a,cocoa,coconut oil,palm oil,pepper, rubber,and tea –exported from the Association of Southeast Asian Nations (ASEANto the European Union (EU.With the aim of providing broad commodity co erage,the intent is to explore whether the chosen modelling approach is able to catch the essentials of the behavioural relationships underlying the specialised nature of each commodity market. The import demand analysis of the study examines two key features:(1the response of EU ’s agricultural commodity imports to income and price changes,and (2the length of time required for this response to occur.The estimations of the export demand relationships provide tests whether the exporters ’ market shares are influenced by the le el of relati e export price,and whether exports are affected by ariations in the rate of growth of imports.The export supply analysis examines the relati e influence of real price and some non-price factors in stimulating the supply of exports.The lag distribution (the shape and length of the lagis found to be ery critical in export supply relationships,since the effects of price changes usually take a long time to work themselves through and since the transmission of the price effects can be complex.The set of

  2. Macroeconomic modelling of international carbon tax regimes

    International Nuclear Information System (INIS)

    Hall, S.; Mabey, N.; Smith, Clare

    1994-01-01

    An econometric model of fossil fuel demand has been estimated for eight OECD countries, relating coal, oil and gas demands to GDP and prices. In addition, for five of these countries, a model of endogenous technical progress has been estimated, representing the decline in energy intensity as a function of price and macroeconomic variables. This aims to include both price induced innovation in energy and structural change in the economy as long term determinants of energy consumption. A number of possible international carbon/energy tax agreements are simulated, showing the impacts on carbon dioxide emissions and comparing the two models. It is shown that the endogenous technical change model does include an important element that is missed in the more conventional approach. However in the long run the magnitude of taxes required to stabilise or reduce emissions would be large, and it is suggested that other non-price policies will become more important. (Author)

  3. Automated Simulation Model Generation

    NARCIS (Netherlands)

    Huang, Y.

    2013-01-01

    One of today's challenges in the field of modeling and simulation is to model increasingly larger and more complex systems. Complex models take long to develop and incur high costs. With the advances in data collection technologies and more popular use of computer-aided systems, more data has become

  4. An introduction to enterprise modeling and simulation

    Energy Technology Data Exchange (ETDEWEB)

    Ostic, J.K.; Cannon, C.E. [Los Alamos National Lab., NM (United States). Technology Modeling and Analysis Group

    1996-09-01

    As part of an ongoing effort to continuously improve productivity, quality, and efficiency of both industry and Department of Energy enterprises, Los Alamos National Laboratory is investigating various manufacturing and business enterprise simulation methods. A number of enterprise simulation software models are being developed to enable engineering analysis of enterprise activities. In this document the authors define the scope of enterprise modeling and simulation efforts, and review recent work in enterprise simulation at Los Alamos National Laboratory as well as at other industrial, academic, and research institutions. References of enterprise modeling and simulation methods and a glossary of enterprise-related terms are provided.

  5. Modeling and simulation of blood collection systems.

    Science.gov (United States)

    Alfonso, Edgar; Xie, Xiaolan; Augusto, Vincent; Garraud, Olivier

    2012-03-01

    This paper addresses the modeling and simulation of blood collection systems in France for both fixed site and mobile blood collection with walk in whole blood donors and scheduled plasma and platelet donors. Petri net models are first proposed to precisely describe different blood collection processes, donor behaviors, their material/human resource requirements and relevant regulations. Petri net models are then enriched with quantitative modeling of donor arrivals, donor behaviors, activity times and resource capacity. Relevant performance indicators are defined. The resulting simulation models can be straightforwardly implemented with any simulation language. Numerical experiments are performed to show how the simulation models can be used to select, for different walk in donor arrival patterns, appropriate human resource planning and donor appointment strategies.

  6. Determinants of Debt: An Econometric Analysis Based on the Cyprus Survey of Consumer Finances

    Directory of Open Access Journals (Sweden)

    Michalis Petrides

    2008-03-01

    Full Text Available This work is based on the Cyprus Survey of Consumer Finances (CySCF and focuses on the investigation of home secured loans and consumer credit card outstanding balances among Cypriot families. The CySCF runs on a triennial basis with the first database created in 1999 (CySCF1999. According to CySCF1999 and CySCF2002, the overall participation in home secured debt among all families declined from 29.95% in 1999 and 29.77% in 2002 to 25.77% in 2005 (CySCF2005. Credit cards were introduced in the early 1980s and grew significantly during the 1990s. The overall percentage of Cypriot households holding credit cards is estimated at 41.7% for 1999, 50% for 2002, and 48% for 2005. This work deals with the econometric analysis of home secured loans and consumer credit card outstanding balances and it provides results based on logit models. The main variables selected for home secured loans are the age, family status, specific attitude toward credit, employment status, and income. The resulting model exhibits a polynomial behaviour of degree two with respect to age. The main variables for consumer credit card balances are the age, education, general attitude, income code, home secured loans and riskiness. Worth noting is the high probability of having credit card balances for those households where the economically dominant unit is of low age with a positive attitude towards credit.

  7. The Credibility Revolution in Empirical Economics: How Better Research Design is Taking the Con out of Econometrics. NBER Working Paper No. 15794

    Science.gov (United States)

    Angrist, Joshua; Pischke, Jorn-Steffen

    2010-01-01

    This essay reviews progress in empirical economics since Leamer'rs (1983) critique. Leamer highlighted the benefits of sensitivity analysis, a procedure in which researchers show how their results change with changes in specification or functional form. Sensitivity analysis has had a salutary but not a revolutionary effect on econometric practice.…

  8. Analysing model fit of psychometric process models: An overview, a new test and an application to the diffusion model.

    Science.gov (United States)

    Ranger, Jochen; Kuhn, Jörg-Tobias; Szardenings, Carsten

    2017-05-01

    Cognitive psychometric models embed cognitive process models into a latent trait framework in order to allow for individual differences. Due to their close relationship to the response process the models allow for profound conclusions about the test takers. However, before such a model can be used its fit has to be checked carefully. In this manuscript we give an overview over existing tests of model fit and show their relation to the generalized moment test of Newey (Econometrica, 53, 1985, 1047) and Tauchen (J. Econometrics, 30, 1985, 415). We also present a new test, the Hausman test of misspecification (Hausman, Econometrica, 46, 1978, 1251). The Hausman test consists of a comparison of two estimates of the same item parameters which should be similar if the model holds. The performance of the Hausman test is evaluated in a simulation study. In this study we illustrate its application to two popular models in cognitive psychometrics, the Q-diffusion model and the D-diffusion model (van der Maas, Molenaar, Maris, Kievit, & Boorsboom, Psychol Rev., 118, 2011, 339; Molenaar, Tuerlinckx, & van der Maas, J. Stat. Softw., 66, 2015, 1). We also compare the performance of the test to four alternative tests of model fit, namely the M 2 test (Molenaar et al., J. Stat. Softw., 66, 2015, 1), the moment test (Ranger et al., Br. J. Math. Stat. Psychol., 2016) and the test for binned time (Ranger & Kuhn, Psychol. Test. Asess. , 56, 2014b, 370). The simulation study indicates that the Hausman test is superior to the latter tests. The test closely adheres to the nominal Type I error rate and has higher power in most simulation conditions. © 2017 The British Psychological Society.

  9. Models and simulations

    International Nuclear Information System (INIS)

    Lee, M.J.; Sheppard, J.C.; Sullenberger, M.; Woodley, M.D.

    1983-09-01

    On-line mathematical models have been used successfully for computer controlled operation of SPEAR and PEP. The same model control concept is being implemented for the operation of the LINAC and for the Damping Ring, which will be part of the Stanford Linear Collider (SLC). The purpose of this paper is to describe the general relationships between models, simulations and the control system for any machine at SLAC. The work we have done on the development of the empirical model for the Damping Ring will be presented as an example

  10. Simulation model of a PWR power plant

    International Nuclear Information System (INIS)

    Larsen, N.

    1987-03-01

    A simulation model of a hypothetical PWR power plant is described. A large number of disturbances and failures in plant function can be simulated. The model is written as seven modules to the modular simulation system for continuous processes DYSIM and serves also as a user example of this system. The model runs in Fortran 77 on the IBM-PC-AT. (author)

  11. Econometric Analysis of the Market Share Attraction Model

    NARCIS (Netherlands)

    D. Fok (Dennis); Ph.H.B.F. Franses (Philip Hans); R. Paap (Richard)

    2001-01-01

    textabstractMarket share attraction models are useful tools for analyzing competitive structures. The models can be used to infer cross-effects of marketing-mix variables, but also the own effects can be adequately estimated while conditioning on competitive reactions. Important features of

  12. Structured building model reduction toward parallel simulation

    Energy Technology Data Exchange (ETDEWEB)

    Dobbs, Justin R. [Cornell University; Hencey, Brondon M. [Cornell University

    2013-08-26

    Building energy model reduction exchanges accuracy for improved simulation speed by reducing the number of dynamical equations. Parallel computing aims to improve simulation times without loss of accuracy but is poorly utilized by contemporary simulators and is inherently limited by inter-processor communication. This paper bridges these disparate techniques to implement efficient parallel building thermal simulation. We begin with a survey of three structured reduction approaches that compares their performance to a leading unstructured method. We then use structured model reduction to find thermal clusters in the building energy model and allocate processing resources. Experimental results demonstrate faster simulation and low error without any interprocessor communication.

  13. Cyberspace Security Econometrics System (CSES) - U.S. Copyright TXu 1-901-039

    Energy Technology Data Exchange (ETDEWEB)

    Abercrombie, Robert K [ORNL; Schlicher, Bob G [ORNL; Sheldon, Frederick T [ORNL; Lantz, Margaret W [ORNL; Hauser, Katie R [ORNL

    2014-01-01

    Information security continues to evolve in response to disruptive changes with a persistent focus on information-centric controls and a healthy debate about balancing endpoint and network protection, with a goal of improved enterprise/business risk management. Economic uncertainty, intensively collaborative styles of work, virtualization, increased outsourcing and ongoing compliance pressures require careful consideration and adaptation. The Cyberspace Security Econometrics System (CSES) provides a measure (i.e., a quantitative indication) of reliability, performance, and/or safety of a system that accounts for the criticality of each requirement as a function of one or more stakeholders interests in that requirement. For a given stakeholder, CSES accounts for the variance that may exist among the stakes one attaches to meeting each requirement. The basis, objectives and capabilities for the CSES including inputs/outputs as well as the structural and mathematical underpinnings contained in this copyright.

  14. Modeling and Simulation for Safeguards

    International Nuclear Information System (INIS)

    Swinhoe, Martyn T.

    2012-01-01

    The purpose of this talk is to give an overview of the role of modeling and simulation in Safeguards R and D and introduce you to (some of) the tools used. Some definitions are: (1) Modeling - the representation, often mathematical, of a process, concept, or operation of a system, often implemented by a computer program; (2) Simulation - the representation of the behavior or characteristics of one system through the use of another system, especially a computer program designed for the purpose; and (3) Safeguards - the timely detection of diversion of significant quantities of nuclear material. The role of modeling and simulation are: (1) Calculate amounts of material (plant modeling); (2) Calculate signatures of nuclear material etc. (source terms); and (3) Detector performance (radiation transport and detection). Plant modeling software (e.g. FACSIM) gives the flows and amount of material stored at all parts of the process. In safeguards this allow us to calculate the expected uncertainty of the mass and evaluate the expected MUF. We can determine the measurement accuracy required to achieve a certain performance.

  15. Modeling the Construction Sector and Oil Prices toward the Growth of the Nigerian Economy: An Econometric Approach

    Directory of Open Access Journals (Sweden)

    Peter Uchenna Okoye

    2018-03-01

    Full Text Available This study empirically examined the interrelationship between the construction sector, oil prices, and the actual gross domestic product (GDP in Nigeria. Using annual economic data from the National Bureau of Statistics (NBS, the OPEC Annual Statistical Bulletin, and econometric statistics, we found that although very strong positive and significant correlations exist between the construction sector output and total GDP output (0.934, the construction sector output and oil prices (0.856, and the total GDP output and oil prices (0.822, these linear relationships only exist for a short time. However, these relationships do not result in any direct causal influence on each other, except for the uni-directional Granger causal relationship that flows from the total GDP output to the construction sector output, which implies that economic activities of other major non-oil sectors stimulate the construction activities in Nigeria. Thus, we argue that neither the construction sector nor the oil prices directly influence the aggregate economy; rather, the other sectors’ activities stimulate the construction sector in Nigeria. Two policy recommendations for achieving the Federal Government’s medium term Economic Recovery and Growth Plan (ERGP are suggested: (1 the Nigerian government should de-emphasize overreliance on the oil sector through policy readjustment and (2 an urgent need for economic diversification in Nigeria exists, since we revealed that an increase in the aggregate GDP output is due to the activities of other non-oil sectors.

  16. Hybrid simulation models of production networks

    CERN Document Server

    Kouikoglou, Vassilis S

    2001-01-01

    This book is concerned with a most important area of industrial production, that of analysis and optimization of production lines and networks using discrete-event models and simulation. The book introduces a novel approach that combines analytic models and discrete-event simulation. Unlike conventional piece-by-piece simulation, this method observes a reduced number of events between which the evolution of the system is tracked analytically. Using this hybrid approach, several models are developed for the analysis of production lines and networks. The hybrid approach combines speed and accuracy for exceptional analysis of most practical situations. A number of optimization problems, involving buffer design, workforce planning, and production control, are solved through the use of hybrid models.

  17. Predicting the local impacts of energy development: a critical guide to forecasting methods and models

    Energy Technology Data Exchange (ETDEWEB)

    Sanderson, D.; O' Hare, M.

    1977-05-01

    Models forecasting second-order impacts from energy development vary in their methodology, output, assumptions, and quality. As a rough dichotomy, they either simulate community development over time or combine various submodels providing community snapshots at selected points in time. Using one or more methods - input/output models, gravity models, econometric models, cohort-survival models, or coefficient models - they estimate energy-development-stimulated employment, population, public and private service needs, and government revenues and expenditures at some future time (ranging from annual to average year predictions) and for different governmental jurisdictions (municipal, county, state, etc.). Underlying assumptions often conflict, reflecting their different sources - historical data, comparative data, surveys, and judgments about future conditions. Model quality, measured by special features, tests, exportability and usefulness to policy-makers, reveals careful and thorough work in some cases and hurried operations with insufficient in-depth analysis in others.

  18. Commercial demand for energy: a disaggregated approach. [Model validation for 1970-1975; forecasting to 2000

    Energy Technology Data Exchange (ETDEWEB)

    Jackson, J.R.; Cohn, S.; Cope, J.; Johnson, W.S.

    1978-04-01

    This report describes the structure and forecasting accuracy of a disaggregated model of commercial energy use recently developed at Oak Ridge National Laboratory. The model forecasts annual commercial energy use by ten building types, five end uses, and four fuel types. Both economic (utilization rate, fuel choice, capital-energy substitution) and technological factors (equipment efficiency, thermal characteristics of buildings) are explicitly represented in the model. Model parameters are derived from engineering and econometric analysis. The model is then validated by simulating commercial energy use over the 1970--1975 time period. The model performs well both with respect to size of forecast error and ability to predict turning points. The model is then used to evaluate the energy-use implications of national commercial buildings standards based on the ASHRAE 90-75 recommendations. 10 figs., 12 tables, 14 refs.

  19. Software-Engineering Process Simulation (SEPS) model

    Science.gov (United States)

    Lin, C. Y.; Abdel-Hamid, T.; Sherif, J. S.

    1992-01-01

    The Software Engineering Process Simulation (SEPS) model is described which was developed at JPL. SEPS is a dynamic simulation model of the software project development process. It uses the feedback principles of system dynamics to simulate the dynamic interactions among various software life cycle development activities and management decision making processes. The model is designed to be a planning tool to examine tradeoffs of cost, schedule, and functionality, and to test the implications of different managerial policies on a project's outcome. Furthermore, SEPS will enable software managers to gain a better understanding of the dynamics of software project development and perform postmodern assessments.

  20. Validation of simulation models

    DEFF Research Database (Denmark)

    Rehman, Muniza; Pedersen, Stig Andur

    2012-01-01

    In philosophy of science, the interest for computational models and simulations has increased heavily during the past decades. Different positions regarding the validity of models have emerged but the views have not succeeded in capturing the diversity of validation methods. The wide variety...

  1. Use of econometric models to estimate expenditure shares.

    Science.gov (United States)

    Trogdon, Justin G; Finkelstein, Eric A; Hoerger, Thomas J

    2008-08-01

    To investigate the use of regression models to calculate disease-specific shares of medical expenditures. Medical Expenditure Panel Survey (MEPS), 2000-2003. Theoretical investigation and secondary data analysis. Condition files used to define the presence of 10 medical conditions. Incremental effects of conditions on expenditures, expressed as a fraction of total expenditures, cannot generally be interpreted as shares. When the presence of one condition increases treatment costs for another condition, summing condition-specific shares leads to double-counting of expenditures. Condition-specific shares generated from multiplicative models should not be summed. We provide an algorithm that allows estimates based on these models to be interpreted as shares and summed across conditions.

  2. A combined modeling approach for wind power feed-in and electricity spot prices

    International Nuclear Information System (INIS)

    Keles, Dogan; Genoese, Massimo; Möst, Dominik; Ortlieb, Sebastian; Fichtner, Wolf

    2013-01-01

    Wind power generation and its impacts on electricity prices has strongly increased in the EU. Therefore, appropriate mark-to-market evaluation of new investments in wind power and energy storage plants should consider the fluctuant generation of wind power and uncertain electricity prices, which are affected by wind power feed-in (WPF). To gain the input data for WPF and electricity prices, simulation models, such as econometric models, can serve as a data basis. This paper describes a combined modeling approach for the simulation of WPF series and electricity prices considering the impacts of WPF on prices based on an autoregressive approach. Thereby WPF series are firstly simulated for each hour of the year and integrated in the electricity price model to generate an hourly resolved price series for a year. The model results demonstrate that the WPF model delivers satisfying WPF series and that the extended electricity price model considering WPF leads to a significant improvement of the electricity price simulation compared to a model version without WPF effects. As the simulated series of WPF and electricity prices also contain the correlation between both series, market evaluation of wind power technologies can be accurately done based on these series. - Highlights: • Wind power feed-in can be directly simulated with stochastic processes. • Non-linear relationship between wind power feed-in and electricity prices. • Price reduction effect of wind power feed-in depends on the actual load. • Considering wind power feed-in effects improves the electricity price simulation. • Combined modeling of both parameters delivers a data basis for evaluation tools

  3. Forecasting models for national economic planning

    CERN Document Server

    Heesterman, A R G

    1972-01-01

    This book is about the specification of linear econometric models, and for this reason some important related fields have been deliberately omitted. I did not want to discuss the problems of parameter-estimation, at least not in any detail, as there are other books on these problems written by specialized statisticians. This book is about the models them­ selves and macro-economic models in particular. A second related sub­ ject is the policy decision that can be made with the help of a model. While I did write a chapter on policy decisions, I limited myself to some extent because of my views on planning as such. The logical approach to this problem is in terms of mathematical programming, but our models and our ideas about the policies we want are too crude for its effective utilisation. A realistic formulation of the problem should involve non­ linearities in an essential way, the models I consider (and most existing models) are linear. At the present state of econometrics, I do not really believe in suc...

  4. Modeling and simulation of satellite subsystems for end-to-end spacecraft modeling

    Science.gov (United States)

    Schum, William K.; Doolittle, Christina M.; Boyarko, George A.

    2006-05-01

    During the past ten years, the Air Force Research Laboratory (AFRL) has been simultaneously developing high-fidelity spacecraft payload models as well as a robust distributed simulation environment for modeling spacecraft subsystems. Much of this research has occurred in the Distributed Architecture Simulation Laboratory (DASL). AFRL developers working in the DASL have effectively combined satellite power, attitude pointing, and communication link analysis subsystem models with robust satellite sensor models to create a first-order end-to-end satellite simulation capability. The merging of these two simulation areas has advanced the field of spacecraft simulation, design, and analysis, and enabled more in-depth mission and satellite utility analyses. A core capability of the DASL is the support of a variety of modeling and analysis efforts, ranging from physics and engineering-level modeling to mission and campaign-level analysis. The flexibility and agility of this simulation architecture will be used to support space mission analysis, military utility analysis, and various integrated exercises with other military and space organizations via direct integration, or through DOD standards such as Distributed Interaction Simulation. This paper discusses the results and lessons learned in modeling satellite communication link analysis, power, and attitude control subsystems for an end-to-end satellite simulation. It also discusses how these spacecraft subsystem simulations feed into and support military utility and space mission analyses.

  5. Numerical simulation of Higgs models

    International Nuclear Information System (INIS)

    Jaster, A.

    1995-10-01

    The SU(2) Higgs and the Schwinger model on the lattice were analysed. Numerical simulations of the SU(2) Higgs model were performed to study the finite temperature electroweak phase transition. With the help of the multicanonical method the distribution of an order parameter at the phase transition point was measured. This was used to obtain the order of the phase transition and the value of the interface tension with the histogram method. Numerical simulations were also performed at zero temperature to perform renormalization. The measured values for the Wilson loops were used to determine the static potential and from this the renormalized gauge coupling. The Schwinger model was simulated at different gauge couplings to analyse the properties of the Kaplan-Shamir fermions. The prediction that the mass parameter gets only multiplicative renormalization was tested and verified. (orig.)

  6. DETERMINATION OF THE YIELD OF COFFEE IN THE BASIC UNIT OF COOPERATIVE PRODUCTION (UBPC "LA JUBA" THROUGH ECONOMETRICS TECHNIQUE

    Directory of Open Access Journals (Sweden)

    Ramón Rodríguez-Betancourt

    2016-01-01

    Full Text Available In the Economic Program of the VI Congress of Comunist Party regarding the coffee agroindustry as agreement the following posittions: "To impel the development of the coffee activities to contribute to the gradual recovery of the traditional exportable funds". This sense, the process of planning the coffee harvest suggest the improvement of the fundamental indicators of this process. The coffee estimate is a primary indicator of harvest and other important indicators depend from him, among those the coffee production and the determination of other inputs of harvest. The objective of this work is to use econometrics technique, for the calculation of the coffee estimate in the Arabic variety in the UBPC "La Juba", belonging to the Coffee Company "Segundo Frente" It is demonstrated that using the econometrics technique the results comes closer to the real with more precision that the obtained by the  programmer, in 75 %. In a same way it is obtained as a result, the evaluation of the weight that it have in the yields the productive factors. In this case, when reconciling the analysis cost-benefit, with the study of the regression coefficients it was demonstrated that the most incident factor is the denominated Cultural Attentions. 

  7. Model improvements to simulate charging in SEM

    Science.gov (United States)

    Arat, K. T.; Klimpel, T.; Hagen, C. W.

    2018-03-01

    Charging of insulators is a complex phenomenon to simulate since the accuracy of the simulations is very sensitive to the interaction of electrons with matter and electric fields. In this study, we report model improvements for a previously developed Monte-Carlo simulator to more accurately simulate samples that charge. The improvements include both modelling of low energy electron scattering and charging of insulators. The new first-principle scattering models provide a more realistic charge distribution cloud in the material, and a better match between non-charging simulations and experimental results. Improvements on charging models mainly focus on redistribution of the charge carriers in the material with an induced conductivity (EBIC) and a breakdown model, leading to a smoother distribution of the charges. Combined with a more accurate tracing of low energy electrons in the electric field, we managed to reproduce the dynamically changing charging contrast due to an induced positive surface potential.

  8. A physiological production model for cacao : results of model simulations

    NARCIS (Netherlands)

    Zuidema, P.A.; Leffelaar, P.A.

    2002-01-01

    CASE2 is a physiological model for cocoa (Theobroma cacao L.) growth and yield. This report introduces the CAcao Simulation Engine for water-limited production in a non-technical way and presents simulation results obtained with the model.

  9. Modeling salmonella Dublin into the dairy herd simulation model Simherd

    DEFF Research Database (Denmark)

    Kudahl, Anne Braad

    2010-01-01

    Infection with Salmonella Dublin in the dairy herd and effects of the infection and relevant control measures are currently being modeled into the dairy herd simulation model called Simherd. The aim is to compare the effects of different control strategies against Salmonella Dublin on both within...... of the simulations will therefore be used for decision support in the national surveillance and eradication program against Salmonella Dublin. Basic structures of the model are programmed and will be presented at the workshop. The model is in a phase of face-validation by a group of Salmonella......-herd- prevalence and economy by simulations. The project Dublin on both within-herd- prevalence and economy by simulations. The project is a part of a larger national project "Salmonella 2007 - 2011" with the main objective to reduce the prevalence of Salmonella Dublin in Danish Dairy herds. Results...

  10. NEMO. Netherlands Energy demand MOdel. A top-down model based on bottom-up information

    International Nuclear Information System (INIS)

    Koopmans, C.C.; Te Velde, D.W.; Groot, W.; Hendriks, J.H.A.

    1999-06-01

    The title model links energy use to other production factors, (physical) production, energy prices, technological trends and government policies. It uses a 'putty-semiputty' vintage production structure, in which new investments, adaptations to existing capital goods (retrofit) and 'good-housekeeping' are discerned. Price elasticities are relatively large in the long term and small in the short term. Most predictions of energy use are based on either econometric models or on 'bottom-up information', i.e. disaggregated lists of technical possibilities for and costs of saving energy. Typically, one predicts more energy-efficiency improvements using bottom-up information than using econometric ('top-down') models. We bridged this so-called 'energy-efficiency gap' by designing our macro/meso model NEMO in such a way that we can use bottom-up (micro) information to estimate most model parameters. In our view, reflected in NEMO, the energy-efficiency gap arises for two reasons. The first is that firms and households use a fairly high discount rate of 15% when evaluating the profitability of energy-efficiency improvements. The second is that our bottom-up information ('ICARUS') for most economic sectors does not (as NEMO does) take account of the fact that implementation of new, energy-efficient technology in capital stock takes place only gradually. Parameter estimates for 19 sectors point at a long-term technological energy efficiency improvement trend in Netherlands final energy use of 0.8% per year. The long-term price elasticity is estimated to be 0.29. These values are comparable to other studies based on time series data. Simulations of the effects of the oil price shocks in the seventies and the subsequent fall of oil prices show that the NEMO's price elasticities are consistent with historical data. However, the present pace at which new technologies become available (reflected in NEMO) appears to be lower than in the seventies and eighties. This suggests that it

  11. Modelling consumer demand and household labour supply: Welfare effects of increasing carbon taxes

    International Nuclear Information System (INIS)

    Braennlund, R.; Nordstroem, J.

    2001-01-01

    The main objective of this paper is to analyse consumer response and welfare effects due to changes in energy or environmental policy. To achieve this objective we formulate and estimate an econometric model for non-durable consumer demand in Sweden that utilises micro- and macro-data. In the demand model male and female labour supply is included as conditioning goods. To account for possible changes in labour supply due to increasing carbon taxes we estimate separate labour supply functions for men and women. In the simulations we consider two revenue neutral scenarios that both imply a doubling of the CO 2 tax; one that returns the revenues in the form of a lower VAT and one that subsidise public transport. One conclusion from the simulations is that the CO 2 tax has regional distribution effects, in the sense that household living in sparsely populated areas carry a larger share of the tax burden

  12. Using genetic algorithm to solve a new multi-period stochastic optimization model

    Science.gov (United States)

    Zhang, Xin-Li; Zhang, Ke-Cun

    2009-09-01

    This paper presents a new asset allocation model based on the CVaR risk measure and transaction costs. Institutional investors manage their strategic asset mix over time to achieve favorable returns subject to various uncertainties, policy and legal constraints, and other requirements. One may use a multi-period portfolio optimization model in order to determine an optimal asset mix. Recently, an alternative stochastic programming model with simulated paths was proposed by Hibiki [N. Hibiki, A hybrid simulation/tree multi-period stochastic programming model for optimal asset allocation, in: H. Takahashi, (Ed.) The Japanese Association of Financial Econometrics and Engineering, JAFFE Journal (2001) 89-119 (in Japanese); N. Hibiki A hybrid simulation/tree stochastic optimization model for dynamic asset allocation, in: B. Scherer (Ed.), Asset and Liability Management Tools: A Handbook for Best Practice, Risk Books, 2003, pp. 269-294], which was called a hybrid model. However, the transaction costs weren't considered in that paper. In this paper, we improve Hibiki's model in the following aspects: (1) The risk measure CVaR is introduced to control the wealth loss risk while maximizing the expected utility; (2) Typical market imperfections such as short sale constraints, proportional transaction costs are considered simultaneously. (3) Applying a genetic algorithm to solve the resulting model is discussed in detail. Numerical results show the suitability and feasibility of our methodology.

  13. Simulation - modeling - experiment; Simulation - modelisation - experience

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2004-07-01

    After two workshops held in 2001 on the same topics, and in order to make a status of the advances in the domain of simulation and measurements, the main goals proposed for this workshop are: the presentation of the state-of-the-art of tools, methods and experiments in the domains of interest of the Gedepeon research group, the exchange of information about the possibilities of use of computer codes and facilities, about the understanding of physical and chemical phenomena, and about development and experiment needs. This document gathers 18 presentations (slides) among the 19 given at this workshop and dealing with: the deterministic and stochastic codes in reactor physics (Rimpault G.); MURE: an evolution code coupled with MCNP (Meplan O.); neutronic calculation of future reactors at EdF (Lecarpentier D.); advance status of the MCNP/TRIO-U neutronic/thermal-hydraulics coupling (Nuttin A.); the FLICA4/TRIPOLI4 thermal-hydraulics/neutronics coupling (Aniel S.); methods of disturbances and sensitivity analysis of nuclear data in reactor physics, application to VENUS-2 experimental reactor (Bidaud A.); modeling for the reliability improvement of an ADS accelerator (Biarotte J.L.); residual gas compensation of the space charge of intense beams (Ben Ismail A.); experimental determination and numerical modeling of phase equilibrium diagrams of interest in nuclear applications (Gachon J.C.); modeling of irradiation effects (Barbu A.); elastic limit and irradiation damage in Fe-Cr alloys: simulation and experiment (Pontikis V.); experimental measurements of spallation residues, comparison with Monte-Carlo simulation codes (Fallot M.); the spallation target-reactor coupling (Rimpault G.); tools and data (Grouiller J.P.); models in high energy transport codes: status and perspective (Leray S.); other ways of investigation for spallation (Audoin L.); neutrons and light particles production at intermediate energies (20-200 MeV) with iron, lead and uranium targets (Le Colley F

  14. 3D Core Model for simulation of nuclear power plants: Simulation requirements, model features, and validation

    International Nuclear Information System (INIS)

    Zerbino, H.

    1999-01-01

    In 1994-1996, Thomson Training and Simulation (TT and S) earned out the D50 Project, which involved the design and construction of optimized replica simulators for one Dutch and three German Nuclear Power Plants. It was recognized early on that the faithful reproduction of the Siemens reactor control and protection systems would impose extremely stringent demands on the simulation models, particularly the Core physics and the RCS thermohydraulics. The quality of the models, and their thorough validation, were thus essential. The present paper describes the main features of the fully 3D Core model implemented by TT and S, and its extensive validation campaign, which was defined in extremely positive collaboration with the Customer and the Core Data suppliers. (author)

  15. A study for production simulation model generation system based on data model at a shipyard

    Directory of Open Access Journals (Sweden)

    Myung-Gi Back

    2016-09-01

    Full Text Available Simulation technology is a type of shipbuilding product lifecycle management solution used to support production planning or decision-making. Normally, most shipbuilding processes are consisted of job shop production, and the modeling and simulation require professional skills and experience on shipbuilding. For these reasons, many shipbuilding companies have difficulties adapting simulation systems, regardless of the necessity for the technology. In this paper, the data model for shipyard production simulation model generation was defined by analyzing the iterative simulation modeling procedure. The shipyard production simulation data model defined in this study contains the information necessary for the conventional simulation modeling procedure and can serve as a basis for simulation model generation. The efficacy of the developed system was validated by applying it to the simulation model generation of the panel block production line. By implementing the initial simulation model generation process, which was performed in the past with a simulation modeler, the proposed system substantially reduced the modeling time. In addition, by reducing the difficulties posed by different modeler-dependent generation methods, the proposed system makes the standardization of the simulation model quality possible.

  16. Validation process of simulation model

    International Nuclear Information System (INIS)

    San Isidro, M. J.

    1998-01-01

    It is presented a methodology on empirical validation about any detailed simulation model. This king of validation it is always related with an experimental case. The empirical validation has a residual sense, because the conclusions are based on comparisons between simulated outputs and experimental measurements. This methodology will guide us to detect the fails of the simulation model. Furthermore, it can be used a guide in the design of posterior experiments. Three steps can be well differentiated: Sensitivity analysis. It can be made with a DSA, differential sensitivity analysis, and with a MCSA, Monte-Carlo sensitivity analysis. Looking the optimal domains of the input parameters. It has been developed a procedure based on the Monte-Carlo methods and Cluster techniques, to find the optimal domains of these parameters. Residual analysis. This analysis has been made on the time domain and on the frequency domain, it has been used the correlation analysis and spectral analysis. As application of this methodology, it is presented the validation carried out on a thermal simulation model on buildings, Esp., studying the behavior of building components on a Test Cell of LECE of CIEMAT. (Author) 17 refs

  17. A satellite simulator for TRMM PR applied to climate model simulations

    Science.gov (United States)

    Spangehl, T.; Schroeder, M.; Bodas-Salcedo, A.; Hollmann, R.; Riley Dellaripa, E. M.; Schumacher, C.

    2017-12-01

    Climate model simulations have to be compared against observation based datasets in order to assess their skill in representing precipitation characteristics. Here we use a satellite simulator for TRMM PR in order to evaluate simulations performed with MPI-ESM (Earth system model of the Max Planck Institute for Meteorology in Hamburg, Germany) performed within the MiKlip project (https://www.fona-miklip.de/, funded by Federal Ministry of Education and Research in Germany). While classical evaluation methods focus on geophysical parameters such as precipitation amounts, the application of the satellite simulator enables an evaluation in the instrument's parameter space thereby reducing uncertainties on the reference side. The CFMIP Observation Simulator Package (COSP) provides a framework for the application of satellite simulators to climate model simulations. The approach requires the introduction of sub-grid cloud and precipitation variability. Radar reflectivities are obtained by applying Mie theory, with the microphysical assumptions being chosen to match the atmosphere component of MPI-ESM (ECHAM6). The results are found to be sensitive to the methods used to distribute the convective precipitation over the sub-grid boxes. Simple parameterization methods are used to introduce sub-grid variability of convective clouds and precipitation. In order to constrain uncertainties a comprehensive comparison with sub-grid scale convective precipitation variability which is deduced from TRMM PR observations is carried out.

  18. An approximate fractional Gaussian noise model with computational cost

    KAUST Repository

    Sø rbye, Sigrunn H.; Myrvoll-Nilsen, Eirik; Rue, Haavard

    2017-01-01

    Fractional Gaussian noise (fGn) is a stationary time series model with long memory properties applied in various fields like econometrics, hydrology and climatology. The computational cost in fitting an fGn model of length $n$ using a likelihood

  19. Use case driven approach to develop simulation model for PCS of APR1400 simulator

    International Nuclear Information System (INIS)

    Dong Wook, Kim; Hong Soo, Kim; Hyeon Tae, Kang; Byung Hwan, Bae

    2006-01-01

    The full-scope simulator is being developed to evaluate specific design feature and to support the iterative design and validation in the Man-Machine Interface System (MMIS) design of Advanced Power Reactor (APR) 1400. The simulator consists of process model, control logic model, and MMI for the APR1400 as well as the Power Control System (PCS). In this paper, a use case driven approach is proposed to develop a simulation model for PCS. In this approach, a system is considered from the point of view of its users. User's view of the system is based on interactions with the system and the resultant responses. In use case driven approach, we initially consider the system as a black box and look at its interactions with the users. From these interactions, use cases of the system are identified. Then the system is modeled using these use cases as functions. Lower levels expand the functionalities of each of these use cases. Hence, starting from the topmost level view of the system, we proceeded down to the lowest level (the internal view of the system). The model of the system thus developed is use case driven. This paper will introduce the functionality of the PCS simulation model, including a requirement analysis based on use case and the validation result of development of PCS model. The PCS simulation model using use case will be first used during the full-scope simulator development for nuclear power plant and will be supplied to Shin-Kori 3 and 4 plant. The use case based simulation model development can be useful for the design and implementation of simulation models. (authors)

  20. Plasma modelling and numerical simulation

    International Nuclear Information System (INIS)

    Van Dijk, J; Kroesen, G M W; Bogaerts, A

    2009-01-01

    Plasma modelling is an exciting subject in which virtually all physical disciplines are represented. Plasma models combine the electromagnetic, statistical and fluid dynamical theories that have their roots in the 19th century with the modern insights concerning the structure of matter that were developed throughout the 20th century. The present cluster issue consists of 20 invited contributions, which are representative of the state of the art in plasma modelling and numerical simulation. These contributions provide an in-depth discussion of the major theories and modelling and simulation strategies, and their applications to contemporary plasma-based technologies. In this editorial review, we introduce and complement those papers by providing a bird's eye perspective on plasma modelling and discussing the historical context in which it has surfaced. (editorial review)

  1. An Agent-Based Monetary Production Simulation Model

    DEFF Research Database (Denmark)

    Bruun, Charlotte

    2006-01-01

    An Agent-Based Simulation Model Programmed in Objective Borland Pascal. Program and source code is downloadable......An Agent-Based Simulation Model Programmed in Objective Borland Pascal. Program and source code is downloadable...

  2. Validation of the simulator neutronics model

    International Nuclear Information System (INIS)

    Gregory, M.V.

    1984-01-01

    The neutronics model in the SRP reactor training simulator computes the variation with time of the neutron population in the reactor core. The power output of a reactor is directly proportional to the neutron population, thus in a very real sense the neutronics model determines the response of the simulator. The geometrical complexity of the reactor control system in SRP reactors requires the neutronics model to provide a detailed, 3D representation of the reactor core. Existing simulator technology does not allow such a detailed representation to run in real-time in a minicomputer environment, thus an entirely different approach to the problem was required. A prompt jump method has been developed in answer to this need

  3. Economic Impacts of the 1997 EU Energy Tax: Simulations with Three EU-Wide Models

    International Nuclear Information System (INIS)

    Jansen, H.; Klaassen, G.

    2000-01-01

    In March 1997 the European Commission adopted a proposal that increases existing minimum levels of taxation on mineral oils by around 10 to 25% and introduces excises for other energy products. This paper analyses the macroeconomic impacts of the proposal. It employs three models: HERMES, GEM-E3, and E3ME. All models confirm that the proposal will have positive macroeconomic impacts when the tax revenues are used to reduce social security contributions paid by employers. For the EU as a whole, both GDP and employment are expected to be higher and CO2 emissions are 0.9 to 1.6 percent lower. The positive EU-wide effects can be observed in practically all member states. The sector impacts are modest, with the energy sector expected to face the most negative impacts. Differences between model results are due to the model type (general equilibrium or macro-econometric), the EU countries covered and the way tax exemptions were handled. Crucial assumptions to obtain the 'double dividend' are the modelling of the labour market and the impacts on EU external trade. The sensitivity of the results for the use of tax revenues, tax exemptions and tax rate increases is assessed. 21 refs

  4. Modelling and simulation of a heat exchanger

    Science.gov (United States)

    Xia, Lei; Deabreu-Garcia, J. Alex; Hartley, Tom T.

    1991-01-01

    Two models for two different control systems are developed for a parallel heat exchanger. First by spatially lumping a heat exchanger model, a good approximate model which has a high system order is produced. Model reduction techniques are applied to these to obtain low order models that are suitable for dynamic analysis and control design. The simulation method is discussed to ensure a valid simulation result.

  5. Modeling and Simulation of U-tube Steam Generator

    Science.gov (United States)

    Zhang, Mingming; Fu, Zhongguang; Li, Jinyao; Wang, Mingfei

    2018-03-01

    The U-tube natural circulation steam generator was mainly researched with modeling and simulation in this article. The research is based on simuworks system simulation software platform. By analyzing the structural characteristics and the operating principle of U-tube steam generator, there are 14 control volumes in the model, including primary side, secondary side, down channel and steam plenum, etc. The model depends completely on conservation laws, and it is applied to make some simulation tests. The results show that the model is capable of simulating properly the dynamic response of U-tube steam generator.

  6. Model for Simulation Atmospheric Turbulence

    DEFF Research Database (Denmark)

    Lundtang Petersen, Erik

    1976-01-01

    A method that produces realistic simulations of atmospheric turbulence is developed and analyzed. The procedure makes use of a generalized spectral analysis, often called a proper orthogonal decomposition or the Karhunen-Loève expansion. A set of criteria, emphasizing a realistic appearance...... eigenfunctions and estimates of the distributions of the corresponding expansion coefficients. The simulation method utilizes the eigenfunction expansion procedure to produce preliminary time histories of the three velocity components simultaneously. As a final step, a spectral shaping procedure is then applied....... The method is unique in modeling the three velocity components simultaneously, and it is found that important cross-statistical features are reasonably well-behaved. It is concluded that the model provides a practical, operational simulator of atmospheric turbulence....

  7. System modeling and simulation at EBR-II

    International Nuclear Information System (INIS)

    Dean, E.M.; Lehto, W.K.; Larson, H.A.

    1986-01-01

    The codes being developed and verified using EBR-II data are the NATDEMO, DSNP and CSYRED. NATDEMO is a variation of the Westinghouse DEMO code coupled to the NATCON code previously used to simulate perturbations of reactor flow and inlet temperature and loss-of-flow transients leading to natural convection in EBR-II. CSYRED uses the Continuous System Modeling Program (CSMP) to simulate the EBR-II core, including power, temperature, control-rod movement reactivity effects and flow and is used primarily to model reactivity induced power transients. The Dynamic Simulator for Nuclear Power Plants (DSNP) allows a whole plant, thermal-hydraulic simulation using specific component and system models called from libraries. It has been used to simulate flow coastdown transients, reactivity insertion events and balance-of-plant perturbations

  8. Quality based payment program and milk quality in dairy cooperatives of Southern Brazil: an econometric analysis

    Directory of Open Access Journals (Sweden)

    Bruno Garcia Botaro

    2013-02-01

    Full Text Available Programs designed to enhance milk quality have been used to motivate dairy farmers to improve the quality of the raw milk they produce. The objective of this study was to evaluate the association between a milk quality payment program and four indicative variables of milk quality, by testing bulk tank somatic cell count (SCC, bulk tank total bacterial count (TBC, fat (FAT and protein (PROT percentages over three years in four dairy cooperatives in Southern Brazil. We used a multiple regression econometric model estimated from market data of milk delivered by farmers to the cooperatives. Bulk tank milk samples (n = 19,644 were monthly collected. The data set was analyzed for the effects of seasonality, average daily volume of milk, the award/penalty, producer, and cooperatives on SCC, TBC, FAT and PROT. Results suggested an association between the adoption of a payment program based on milk quality and the reduction of SCC and TBC. Nevertheless, the program seems to have not contributed to increase fat and protein milk percentages. This information may help the dairy industry in developing countries to conceive strategies to enhance overall milk quality.

  9. Modelling and Simulation of Wave Loads

    DEFF Research Database (Denmark)

    Sørensen, John Dalsgaard; Thoft-Christensen, Palle

    velocity can be approximated by a Gaussian Markov process. Known approximate results for the first-passage density or equivalently, the distribution of the extremes of wave loads are presented and compared with rather precise simulation results. It is demonstrated that the approximate results......A simple model of the wave load on slender members of offshore structures is described. The wave elevation of the sea state is modelled by a stationary Gaussian process. A new procedure to simulate realizations of the wave loads is developed. The simulation method assumes that the wave particle...

  10. Modelling and Simulation of Wave Loads

    DEFF Research Database (Denmark)

    Sørensen, John Dalsgaard; Thoft-Christensen, Palle

    1985-01-01

    velocity can be approximated by a Gaussian Markov process. Known approximate results for the first passage density or equivalently, the distribution of the extremes of wave loads are presented and compared with rather precise simulation results. It is demonstrated that the approximate results......A simple model of the wave load on stender members of offshore structures is described . The wave elevation of the sea stateis modelled by a stationary Gaussian process. A new procedure to simulate realizations of the wave loads is developed. The simulation method assumes that the wave particle...

  11. Simulation modeling for the health care manager.

    Science.gov (United States)

    Kennedy, Michael H

    2009-01-01

    This article addresses the use of simulation software to solve administrative problems faced by health care managers. Spreadsheet add-ins, process simulation software, and discrete event simulation software are available at a range of costs and complexity. All use the Monte Carlo method to realistically integrate probability distributions into models of the health care environment. Problems typically addressed by health care simulation modeling are facility planning, resource allocation, staffing, patient flow and wait time, routing and transportation, supply chain management, and process improvement.

  12. Guidelines for Reproducibly Building and Simulating Systems Biology Models.

    Science.gov (United States)

    Medley, J Kyle; Goldberg, Arthur P; Karr, Jonathan R

    2016-10-01

    Reproducibility is the cornerstone of the scientific method. However, currently, many systems biology models cannot easily be reproduced. This paper presents methods that address this problem. We analyzed the recent Mycoplasma genitalium whole-cell (WC) model to determine the requirements for reproducible modeling. We determined that reproducible modeling requires both repeatable model building and repeatable simulation. New standards and simulation software tools are needed to enhance and verify the reproducibility of modeling. New standards are needed to explicitly document every data source and assumption, and new deterministic parallel simulation tools are needed to quickly simulate large, complex models. We anticipate that these new standards and software will enable researchers to reproducibly build and simulate more complex models, including WC models.

  13. Macro policy responses to oil booms and busts in the United Arab Emirates

    International Nuclear Information System (INIS)

    Al-Mutawa, A.K.

    1991-01-01

    The effects of oil shocks and macro policy changes in the United Arab Emirates are analyzed. A theoretical model is developed within the framework of the Dutch Disease literature. It contains four unique features that are applicable to the United Arab Emirates' economy. There are: (1) the presence of a large foreign labor force; (2) OPEC's oil export quotas; (3) the division of oil profits; and (4) the important role of government expenditures. The model is then used to examine the welfare effects of the above-mentioned shocks. An econometric model is then specified that conforms to the analytical model. In the econometric model the method of 'principal components' is applied owing to the undersized sample data. The principal components methodology is used in both the identification testing and the estimation of the structural equations. The oil and macro policy shocks are then simulated. The simulation results show that an oil-quantity boom leads to a higher welfare gain than an oil-price boom. Under certain circumstances, this finding is also confirmed by the comparative statistics that follow from the analytical model

  14. Econometric modelling of Serbian current account determinants: Jackknife Model Averaging approach

    Directory of Open Access Journals (Sweden)

    Petrović Predrag

    2014-01-01

    Full Text Available This research aims to model Serbian current account determinants for the period Q1 2002 - Q4 2012. Taking into account the majority of relevant determinants, using the Jackknife Model Averaging approach, 48 different models have been estimated, where 1254 equations needed to be estimated and averaged for each of the models. The results of selected representative models indicate moderate persistence of the CA and positive influence of: fiscal balance, oil trade balance, terms of trade, relative income and real effective exchange rates, where we should emphasise: (i a rather strong influence of relative income, (ii the fact that the worsening of oil trade balance results in worsening of other components (probably non-oil trade balance of CA and (iii that the positive influence of terms of trade reveals functionality of the Harberger-Laursen-Metzler effect in Serbia. On the other hand, negative influence is evident in case of: relative economic growth, gross fixed capital formation, net foreign assets and trade openness. What particularly stands out is the strong effect of relative economic growth that, most likely, reveals high citizens' future income growth expectations, which has negative impact on the CA.

  15. An econometric analysis of electricity demand response to price changes at the intra-day horizon: The case of manufacturing industry in West Denmark

    Directory of Open Access Journals (Sweden)

    Niels Framroze Møller

    2015-06-01

    Full Text Available The use of renewable energy implies a more variable supply of power. Market efficiency may improve if demand can absorb some of this variability by being more flexible, e.g. by responding quickly to changes in the market price of power. To learn about this, in particular, whether demand responds already within the same day, we suggest an econometric model for hourly consumption- and price time series. This allows for multi-level seasonality and that information about day-ahead prices does not arrive every hour but every 24th hour (as a vector of 24 prices. We confront the model with data from the manufacturing industry of West Denmark (2007-2011. The results clearly suggest a lack of response. The policy implication is that relying exclusively on hourly price response by consumers for integrating volatile renewable electricity production is questionable. Either hourly price variation has to increase considerably or demand response technologies be installed.

  16. Evaluation and comparison of models and modelling tools simulating nitrogen processes in treatment wetlands

    DEFF Research Database (Denmark)

    Edelfeldt, Stina; Fritzson, Peter

    2008-01-01

    with Modelica 2.1 (Wiley-IEEE Press, USA, 2004).] and an associated tool. The differences and similarities between the MathModelica Model Editor and three other ecological modelling tools have also been evaluated. The results show that the models can well be modelled and simulated in the MathModelica Model...... Editor, and that nitrogen decrease in a constructed treatment wetland should be described and simulated using the Nitrification/Denitrification model as this model has the highest overall quality score and provides a more variable environment.......In this paper, two ecological models of nitrogen processes in treatment wetlands have been evaluated and compared. These models were implemented, simulated, and visualized using the Modelica modelling and simulation language [P. Fritzson, Principles of Object-Oriented Modelling and Simulation...

  17. Simulation as a vehicle for enhancing collaborative practice models.

    Science.gov (United States)

    Jeffries, Pamela R; McNelis, Angela M; Wheeler, Corinne A

    2008-12-01

    Clinical simulation used in a collaborative practice approach is a powerful tool to prepare health care providers for shared responsibility for patient care. Clinical simulations are being used increasingly in professional curricula to prepare providers for quality practice. Little is known, however, about how these simulations can be used to foster collaborative practice across disciplines. This article provides an overview of what simulation is, what collaborative practice models are, and how to set up a model using simulations. An example of a collaborative practice model is presented, and nursing implications of using a collaborative practice model in simulations are discussed.

  18. Vermont Yankee simulator BOP model upgrade

    International Nuclear Information System (INIS)

    Alejandro, R.; Udbinac, M.J.

    2006-01-01

    The Vermont Yankee simulator has undergone significant changes in the 20 years since the original order was placed. After the move from the original Unix to MS Windows environment, and upgrade to the latest version of SimPort, now called MASTER, the platform was set for an overhaul and replacement of major plant system models. Over a period of a few months, the VY simulator team, in partnership with WSC engineers, replaced outdated legacy models of the main steam, condenser, condensate, circulating water, feedwater and feedwater heaters, and main turbine and auxiliaries. The timing was ideal, as the plant was undergoing a power up-rate, so the opportunity was taken to replace the legacy models with industry-leading, true on-line object oriented graphical models. Due to the efficiency of design and ease of use of the MASTER tools, VY staff performed the majority of the modeling work themselves with great success, with only occasional assistance from WSC, in a relatively short time-period, despite having to maintain all of their 'regular' simulator maintenance responsibilities. This paper will provide a more detailed view of the VY simulator, including how it is used and how it has benefited from the enhancements and upgrades implemented during the project. (author)

  19. Young people and alcohol: an econometric analysis.

    Science.gov (United States)

    Lundborg, Petter

    2002-12-01

    To analyse the determinants of youth drinking behaviour within an economic -theoretical framework. The paper focuses especially on the effects of (a) having parents willing to supply alcohol, (b) living in a single-parent household, (c) having parents who are currently unemployed and (d) having received education about alcohol, narcotics and tobacco. A Swedish cross-sectional survey data on 833 individuals aged 12-18 years was used to analyse the effects of the above variables on participation in drinking, frequency of drinking, intensity of drinking and binge drinking. Separate analyses were conducted for beer, wine and spirits. Care was taken in using appropriate econometric methods for the questions posed (negative binomial regression, censored regression and probit regression). Having parents willing to supply alcohol increased frequency (P < 0.05) of beer, wine and spirits consumption, intensity (P < 0.05) of wine, spirits and illicit alcohol consumption, and increased probabilities (P < 0.10) of binge drinking and participation in drinking (P < 0.05). No effects were seen from living in a single-parent household. Having received education about alcohol, narcotics and tobacco had a negative association only with intensity (P < 0.10) of beer consumption. Having a father who was currently unemployed was associated with an increased (P < 0.05) probability of binge drinking but a reduced (P < 0.05) frequency of wine consumption. The positive effect of having parents willing to supply alcohol could reflect that these individuals face lower acquisition costs or lower psychological costs in consumption. It could also reflect a price effect, if the individual receives the alcohol free from his or her parents.

  20. Regional model simulations of New Zealand climate

    Science.gov (United States)

    Renwick, James A.; Katzfey, Jack J.; Nguyen, Kim C.; McGregor, John L.

    1998-03-01

    Simulation of New Zealand climate is examined through the use of a regional climate model nested within the output of the Commonwealth Scientific and Industrial Research Organisation nine-level general circulation model (GCM). R21 resolution GCM output is used to drive a regional model run at 125 km grid spacing over the Australasian region. The 125 km run is used in turn to drive a simulation at 50 km resolution over New Zealand. Simulations with a full seasonal cycle are performed for 10 model years. The focus is on the quality of the simulation of present-day climate, but results of a doubled-CO2 run are discussed briefly. Spatial patterns of mean simulated precipitation and surface temperatures improve markedly as horizontal resolution is increased, through the better resolution of the country's orography. However, increased horizontal resolution leads to a positive bias in precipitation. At 50 km resolution, simulated frequency distributions of daily maximum/minimum temperatures are statistically similar to those of observations at many stations, while frequency distributions of daily precipitation appear to be statistically different to those of observations at most stations. Modeled daily precipitation variability at 125 km resolution is considerably less than observed, but is comparable to, or exceeds, observed variability at 50 km resolution. The sensitivity of the simulated climate to changes in the specification of the land surface is discussed briefly. Spatial patterns of the frequency of extreme temperatures and precipitation are generally well modeled. Under a doubling of CO2, the frequency of precipitation extremes changes only slightly at most locations, while air frosts become virtually unknown except at high-elevation sites.

  1. The core determinants of health expenditure in the African context: some econometric evidence for policy.

    Science.gov (United States)

    Murthy, Vasudeva N R; Okunade, Albert A

    2009-06-01

    This paper, using cross-sectional data from 44 (83% of all) African countries for year 2001, presents econometric model estimates linking real per-capita health expenditure (HEXP) to a host of economic and non-economic factors. The empirical results of OLS and robust LAE estimators indicate that real per-capita GDP (PRGDP) and real per-capita foreign aid (FAID) resources are both core and statistically significant correlates of HEXP. Our empirical results suggest that health care in the African context is technically, a necessity rather than a luxury good (for the OECD countries). This suggests that the goal of health system in Africa is primarily 'physiological' or 'curative' rather than 'caring' or 'pampering'. The positive association of HEXP with FAID hints that external resource inflows targeting health could be instrumental for spurring economic progress in good policy environments. Most African countries until the late 1990s experienced economic and political instability, and faced stringent structural adjustment mandates of the major international financial institution lenders for economic development. Therefore, our finding a positive effect of FAID on HEXP could suggest that external resource inflows softened some of the macroeconomic fiscal deficit impacts on HEXP in the 2000s. Policy implications of country-specific elasticity estimates are given.

  2. Systematic modelling and simulation of refrigeration systems

    DEFF Research Database (Denmark)

    Rasmussen, Bjarne D.; Jakobsen, Arne

    1998-01-01

    The task of developing a simulation model of a refrigeration system can be very difficult and time consuming. In order for this process to be effective, a systematic method for developing the system model is required. This method should aim at guiding the developer to clarify the purpose...... of the simulation, to select appropriate component models and to set up the equations in a well-arranged way. In this paper the outline of such a method is proposed and examples showing the use of this method for simulation of refrigeration systems are given....

  3. Nonparametric model validations for hidden Markov models with applications in financial econometrics.

    Science.gov (United States)

    Zhao, Zhibiao

    2011-06-01

    We address the nonparametric model validation problem for hidden Markov models with partially observable variables and hidden states. We achieve this goal by constructing a nonparametric simultaneous confidence envelope for transition density function of the observable variables and checking whether the parametric density estimate is contained within such an envelope. Our specification test procedure is motivated by a functional connection between the transition density of the observable variables and the Markov transition kernel of the hidden states. Our approach is applicable for continuous time diffusion models, stochastic volatility models, nonlinear time series models, and models with market microstructure noise.

  4. Afforestation for the Provision of Multiple Ecosystem Services: A Ukrainian Case Study

    NARCIS (Netherlands)

    Nijnik, M.; Oskam, A.J.; Nijnik, A.

    2012-01-01

    This paper presents an economic analysis of the planting of trees on marginal lands in Ukraine for timber production, erosion prevention, and climate mitigation. A methodology combining econometric analysis, simulation modelling, and linear programming to analyse the costs and benefits of such

  5. Mars Exploration Rover Terminal Descent Mission Modeling and Simulation

    Science.gov (United States)

    Raiszadeh, Behzad; Queen, Eric M.

    2004-01-01

    Because of NASA's added reliance on simulation for successful interplanetary missions, the MER mission has developed a detailed EDL trajectory modeling and simulation. This paper summarizes how the MER EDL sequence of events are modeled, verification of the methods used, and the inputs. This simulation is built upon a multibody parachute trajectory simulation tool that has been developed in POST I1 that accurately simulates the trajectory of multiple vehicles in flight with interacting forces. In this model the parachute and the suspended bodies are treated as 6 Degree-of-Freedom (6 DOF) bodies. The terminal descent phase of the mission consists of several Entry, Descent, Landing (EDL) events, such as parachute deployment, heatshield separation, deployment of the lander from the backshell, deployment of the airbags, RAD firings, TIRS firings, etc. For an accurate, reliable simulation these events need to be modeled seamlessly and robustly so that the simulations will remain numerically stable during Monte-Carlo simulations. This paper also summarizes how the events have been modeled, the numerical issues, and modeling challenges.

  6. Simulation - modeling - experiment

    International Nuclear Information System (INIS)

    2004-01-01

    After two workshops held in 2001 on the same topics, and in order to make a status of the advances in the domain of simulation and measurements, the main goals proposed for this workshop are: the presentation of the state-of-the-art of tools, methods and experiments in the domains of interest of the Gedepeon research group, the exchange of information about the possibilities of use of computer codes and facilities, about the understanding of physical and chemical phenomena, and about development and experiment needs. This document gathers 18 presentations (slides) among the 19 given at this workshop and dealing with: the deterministic and stochastic codes in reactor physics (Rimpault G.); MURE: an evolution code coupled with MCNP (Meplan O.); neutronic calculation of future reactors at EdF (Lecarpentier D.); advance status of the MCNP/TRIO-U neutronic/thermal-hydraulics coupling (Nuttin A.); the FLICA4/TRIPOLI4 thermal-hydraulics/neutronics coupling (Aniel S.); methods of disturbances and sensitivity analysis of nuclear data in reactor physics, application to VENUS-2 experimental reactor (Bidaud A.); modeling for the reliability improvement of an ADS accelerator (Biarotte J.L.); residual gas compensation of the space charge of intense beams (Ben Ismail A.); experimental determination and numerical modeling of phase equilibrium diagrams of interest in nuclear applications (Gachon J.C.); modeling of irradiation effects (Barbu A.); elastic limit and irradiation damage in Fe-Cr alloys: simulation and experiment (Pontikis V.); experimental measurements of spallation residues, comparison with Monte-Carlo simulation codes (Fallot M.); the spallation target-reactor coupling (Rimpault G.); tools and data (Grouiller J.P.); models in high energy transport codes: status and perspective (Leray S.); other ways of investigation for spallation (Audoin L.); neutrons and light particles production at intermediate energies (20-200 MeV) with iron, lead and uranium targets (Le Colley F

  7. Simulation-Based Internal Models for Safer Robots

    Directory of Open Access Journals (Sweden)

    Christian Blum

    2018-01-01

    Full Text Available In this paper, we explore the potential of mobile robots with simulation-based internal models for safety in highly dynamic environments. We propose a robot with a simulation of itself, other dynamic actors and its environment, inside itself. Operating in real time, this simulation-based internal model is able to look ahead and predict the consequences of both the robot’s own actions and those of the other dynamic actors in its vicinity. Hence, the robot continuously modifies its own actions in order to actively maintain its own safety while also achieving its goal. Inspired by the problem of how mobile robots could move quickly and safely through crowds of moving humans, we present experimental results which compare the performance of our internal simulation-based controller with a purely reactive approach as a proof-of-concept study for the practical use of simulation-based internal models.

  8. Modeling and Simulation of Low Voltage Arcs

    NARCIS (Netherlands)

    Ghezzi, L.; Balestrero, A.

    2010-01-01

    Modeling and Simulation of Low Voltage Arcs is an attempt to improve the physical understanding, mathematical modeling and numerical simulation of the electric arcs that are found during current interruptions in low voltage circuit breakers. An empirical description is gained by refined electrical

  9. Repository simulation model: Final report

    International Nuclear Information System (INIS)

    1988-03-01

    This report documents the application of computer simulation for the design analysis of the nuclear waste repository's waste handling and packaging operations. The Salt Repository Simulation Model was used to evaluate design alternatives during the conceptual design phase of the Salt Repository Project. Code development and verification was performed by the Office of Nuclear Waste Isolation (ONWL). The focus of this report is to relate the experience gained during the development and application of the Salt Repository Simulation Model to future repository design phases. Design of the repository's waste handling and packaging systems will require sophisticated analysis tools to evaluate complex operational and logistical design alternatives. Selection of these design alternatives in the Advanced Conceptual Design (ACD) and License Application Design (LAD) phases must be supported by analysis to demonstrate that the repository design will cost effectively meet DOE's mandated emplacement schedule and that uncertainties in the performance of the repository's systems have been objectively evaluated. Computer simulation of repository operations will provide future repository designers with data and insights that no other analytical form of analysis can provide. 6 refs., 10 figs

  10. Stochastic models to simulate paratuberculosis in dairy herds

    DEFF Research Database (Denmark)

    Nielsen, Søren Saxmose; Weber, M.F.; Kudahl, Anne Margrethe Braad

    2011-01-01

    Stochastic simulation models are widely accepted as a means of assessing the impact of changes in daily management and the control of different diseases, such as paratuberculosis, in dairy herds. This paper summarises and discusses the assumptions of four stochastic simulation models and their use...... the models are somewhat different in their underlying principles and do put slightly different values on the different strategies, their overall findings are similar. Therefore, simulation models may be useful in planning paratuberculosis strategies in dairy herds, although as with all models caution...

  11. Modelling and simulation of superalloys. Book of abstracts

    Energy Technology Data Exchange (ETDEWEB)

    Rogal, Jutta; Hammerschmidt, Thomas; Drautz, Ralf (eds.)

    2014-07-01

    Superalloys are multi-component materials with complex microstructures that offer unique properties for high-temperature applications. The complexity of the superalloy materials makes it particularly challenging to obtain fundamental insight into their behaviour from the atomic structure to turbine blades. Recent advances in modelling and simulation of superalloys contribute to a better understanding and prediction of materials properties and therefore offer guidance for the development of new alloys. This workshop will give an overview of recent progress in modelling and simulation of materials for superalloys, with a focus on single crystal Ni-base and Co-base alloys. Topics will include electronic structure methods, atomistic simulations, microstructure modelling and modelling of microstructural evolution, solidification and process simulation as well as the modelling of phase stability and thermodynamics.

  12. Electricity demand by the commercial sector in Kuwait: an econometric analysis

    International Nuclear Information System (INIS)

    Eltony, M.N.; Hajeeh, M.

    1999-01-01

    This paper models and estimates electricity demand by the Kuwaiti commercial sector, using an error correction model. It also simulates the estimated model under three scenarios and presents an analysis of the results. The empirical results indicate that short- and long-run electricity consumption and the level of economic activity are interrelated. The forecasts show that electricity consumption varies directly with economic growth. They also suggest that an increase of 100 per cent in nominal electricity prices will lead to a reduction in commercial sector electricity demand of 45 per cent by the year 2010. The simulation of the model under the different scenarios demonstrates that the potential for energy conservation exists in the commercial sector

  13. Modeling new product sales; an application of cointegration analysis

    NARCIS (Netherlands)

    Ph.H.B.F. Franses (Philip Hans)

    1994-01-01

    textabstractThis paper considers an econometric model for new product sales, which extends the deterministic Gompertz process by allowing the saturation level to depend on forcing variables. It turns out that this model can be written in error correction form. Given that many marketing variables

  14. Minimum-complexity helicopter simulation math model

    Science.gov (United States)

    Heffley, Robert K.; Mnich, Marc A.

    1988-01-01

    An example of a minimal complexity simulation helicopter math model is presented. Motivating factors are the computational delays, cost, and inflexibility of the very sophisticated math models now in common use. A helicopter model form is given which addresses each of these factors and provides better engineering understanding of the specific handling qualities features which are apparent to the simulator pilot. The technical approach begins with specification of features which are to be modeled, followed by a build up of individual vehicle components and definition of equations. Model matching and estimation procedures are given which enable the modeling of specific helicopters from basic data sources such as flight manuals. Checkout procedures are given which provide for total model validation. A number of possible model extensions and refinement are discussed. Math model computer programs are defined and listed.

  15. Simulation Models for Socioeconomic Inequalities in Health: A Systematic Review

    Directory of Open Access Journals (Sweden)

    Niko Speybroeck

    2013-11-01

    Full Text Available Background: The emergence and evolution of socioeconomic inequalities in health involves multiple factors interacting with each other at different levels. Simulation models are suitable for studying such complex and dynamic systems and have the ability to test the impact of policy interventions in silico. Objective: To explore how simulation models were used in the field of socioeconomic inequalities in health. Methods: An electronic search of studies assessing socioeconomic inequalities in health using a simulation model was conducted. Characteristics of the simulation models were extracted and distinct simulation approaches were identified. As an illustration, a simple agent-based model of the emergence of socioeconomic differences in alcohol abuse was developed. Results: We found 61 studies published between 1989 and 2013. Ten different simulation approaches were identified. The agent-based model illustration showed that multilevel, reciprocal and indirect effects of social determinants on health can be modeled flexibly. Discussion and Conclusions: Based on the review, we discuss the utility of using simulation models for studying health inequalities, and refer to good modeling practices for developing such models. The review and the simulation model example suggest that the use of simulation models may enhance the understanding and debate about existing and new socioeconomic inequalities of health frameworks.

  16. On the non-convergence of energy intensities: evidence from a pair-wise econometric approach

    International Nuclear Information System (INIS)

    Le Pen, Yannick; Sevi, Benoit

    2008-01-01

    This paper evaluates convergence of energy intensities for a group of 97 countries in the period 1971-2003. Convergence is tested using a recent method proposed by Pesaran (2007) [M.H. Pesaran. A pair- wise approach to testing for output and growth convergence. Journal of Econometrics 138, 312-355.] based on the stochastic convergence criterion. Main advantages of this method are that results do not depend on a benchmark against which convergence is assessed, and that it is more robust. Applications of several unit-root tests as well as a stationarity test uniformly reject the global convergence hypothesis. Locally, for Middle- East, OECD and Europe sub-groups, non-convergence is less strongly rejected. The introduction of possible structural breaks in the analysis only marginally provides more support to the convergence hypothesis. (authors)

  17. Developing Cognitive Models for Social Simulation from Survey Data

    Science.gov (United States)

    Alt, Jonathan K.; Lieberman, Stephen

    The representation of human behavior and cognition continues to challenge the modeling and simulation community. The use of survey and polling instruments to inform belief states, issue stances and action choice models provides a compelling means of developing models and simulations with empirical data. Using these types of data to population social simulations can greatly enhance the feasibility of validation efforts, the reusability of social and behavioral modeling frameworks, and the testable reliability of simulations. We provide a case study demonstrating these effects, document the use of survey data to develop cognitive models, and suggest future paths forward for social and behavioral modeling.

  18. Modeling and simulation with operator scaling

    OpenAIRE

    Cohen, Serge; Meerschaert, Mark M.; Rosiński, Jan

    2010-01-01

    Self-similar processes are useful in modeling diverse phenomena that exhibit scaling properties. Operator scaling allows a different scale factor in each coordinate. This paper develops practical methods for modeling and simulating stochastic processes with operator scaling. A simulation method for operator stable Levy processes is developed, based on a series representation, along with a Gaussian approximation of the small jumps. Several examples are given to illustrate practical application...

  19. Sensitivity Analysis of Simulation Models

    NARCIS (Netherlands)

    Kleijnen, J.P.C.

    2009-01-01

    This contribution presents an overview of sensitivity analysis of simulation models, including the estimation of gradients. It covers classic designs and their corresponding (meta)models; namely, resolution-III designs including fractional-factorial two-level designs for first-order polynomial

  20. Protein Simulation Data in the Relational Model.

    Science.gov (United States)

    Simms, Andrew M; Daggett, Valerie

    2012-10-01

    High performance computing is leading to unprecedented volumes of data. Relational databases offer a robust and scalable model for storing and analyzing scientific data. However, these features do not come without a cost-significant design effort is required to build a functional and efficient repository. Modeling protein simulation data in a relational database presents several challenges: the data captured from individual simulations are large, multi-dimensional, and must integrate with both simulation software and external data sites. Here we present the dimensional design and relational implementation of a comprehensive data warehouse for storing and analyzing molecular dynamics simulations using SQL Server.

  1. A Companion Model Approach to Modelling and Simulation of Industrial Processes

    International Nuclear Information System (INIS)

    Juslin, K.

    2005-09-01

    Modelling and simulation provides for huge possibilities if broadly taken up by engineers as a working method. However, when considering the launching of modelling and simulation tools in an engineering design project, they shall be easy to learn and use. Then, there is no time to write equations, to consult suppliers' experts, or to manually transfer data from one tool to another. The answer seems to be in the integration of easy to use and dependable simulation software with engineering tools. Accordingly, the modelling and simulation software shall accept as input such structured design information on industrial unit processes and their connections, as provided for by e.g. CAD software and product databases. The software technology, including required specification and communication standards, is already available. Internet based service repositories make it possible for equipment manufacturers to supply 'extended products', including such design data as needed by engineers engaged in process and automation integration. There is a market niche evolving for simulation service centres, operating in co-operation with project consultants, equipment manufacturers, process integrators, automation designers, plant operating personnel, and maintenance centres. The companion model approach for specification and solution of process simulation models, as presented herein, is developed from the above premises. The focus is on how to tackle real world processes, which from the modelling point of view are heterogeneous, dynamic, very stiff, very nonlinear and only piece vice continuous, without extensive manual interventions of human experts. An additional challenge, to solve the arising equations fast and reliable, is dealt with, as well. (orig.)

  2. Macro Level Simulation Model Of Space Shuttle Processing

    Science.gov (United States)

    2000-01-01

    The contents include: 1) Space Shuttle Processing Simulation Model; 2) Knowledge Acquisition; 3) Simulation Input Analysis; 4) Model Applications in Current Shuttle Environment; and 5) Model Applications for Future Reusable Launch Vehicles (RLV's). This paper is presented in viewgraph form.

  3. Production and efficiency analysis with R

    CERN Document Server

    Behr, Andreas

    2015-01-01

    This textbook introduces essential topics and techniques in production and efficiency analysis and shows how to apply these methods using the statistical software R. Numerous small simulations lead to a deeper understanding of random processes assumed in the models and of the behavior of estimation techniques. Step-by-step programming provides an understanding of advanced approaches such as stochastic frontier analysis and stochastic data envelopment analysis. The text is intended for master students interested in empirical production and efficiency analysis. Readers are assumed to have a general background in production economics and econometrics, typically taught in introductory microeconomics and econometrics courses.

  4. Nuclear reactor core modelling in multifunctional simulators

    International Nuclear Information System (INIS)

    Puska, E.K.

    1999-01-01

    The thesis concentrates on the development of nuclear reactor core models for the APROS multifunctional simulation environment and the use of the core models in various kinds of applications. The work was started in 1986 as a part of the development of the entire APROS simulation system. The aim was to create core models that would serve in a reliable manner in an interactive, modular and multifunctional simulator/plant analyser environment. One-dimensional and three-dimensional core neutronics models have been developed. Both models have two energy groups and six delayed neutron groups. The three-dimensional finite difference type core model is able to describe both BWR- and PWR-type cores with quadratic fuel assemblies and VVER-type cores with hexagonal fuel assemblies. The one- and three-dimensional core neutronics models can be connected with the homogeneous, the five-equation or the six-equation thermal hydraulic models of APROS. The key feature of APROS is that the same physical models can be used in various applications. The nuclear reactor core models of APROS have been built in such a manner that the same models can be used in simulator and plant analyser applications, as well as in safety analysis. In the APROS environment the user can select the number of flow channels in the three-dimensional reactor core and either the homogeneous, the five- or the six-equation thermal hydraulic model for these channels. The thermal hydraulic model and the number of flow channels have a decisive effect on the calculation time of the three-dimensional core model and thus, at present, these particular selections make the major difference between a safety analysis core model and a training simulator core model. The emphasis on this thesis is on the three-dimensional core model and its capability to analyse symmetric and asymmetric events in the core. The factors affecting the calculation times of various three-dimensional BWR, PWR and WWER-type APROS core models have been

  5. Nuclear reactor core modelling in multifunctional simulators

    Energy Technology Data Exchange (ETDEWEB)

    Puska, E.K. [VTT Energy, Nuclear Energy, Espoo (Finland)

    1999-06-01

    The thesis concentrates on the development of nuclear reactor core models for the APROS multifunctional simulation environment and the use of the core models in various kinds of applications. The work was started in 1986 as a part of the development of the entire APROS simulation system. The aim was to create core models that would serve in a reliable manner in an interactive, modular and multifunctional simulator/plant analyser environment. One-dimensional and three-dimensional core neutronics models have been developed. Both models have two energy groups and six delayed neutron groups. The three-dimensional finite difference type core model is able to describe both BWR- and PWR-type cores with quadratic fuel assemblies and VVER-type cores with hexagonal fuel assemblies. The one- and three-dimensional core neutronics models can be connected with the homogeneous, the five-equation or the six-equation thermal hydraulic models of APROS. The key feature of APROS is that the same physical models can be used in various applications. The nuclear reactor core models of APROS have been built in such a manner that the same models can be used in simulator and plant analyser applications, as well as in safety analysis. In the APROS environment the user can select the number of flow channels in the three-dimensional reactor core and either the homogeneous, the five- or the six-equation thermal hydraulic model for these channels. The thermal hydraulic model and the number of flow channels have a decisive effect on the calculation time of the three-dimensional core model and thus, at present, these particular selections make the major difference between a safety analysis core model and a training simulator core model. The emphasis on this thesis is on the three-dimensional core model and its capability to analyse symmetric and asymmetric events in the core. The factors affecting the calculation times of various three-dimensional BWR, PWR and WWER-type APROS core models have been

  6. Fractional Response Models - A Replication Exercise of Papke and Wooldridge (1996

    Directory of Open Access Journals (Sweden)

    Harald Oberhofer

    2012-09-01

    Full Text Available This paper replicates the estimates of a fractional response model for share data reported in the seminal paper of Leslie E. Papke and Jeffrey M. Wooldridge published in the Journal of Applied Econometrics 11(6, 1996, pp.619-632. We have been able to replicate all of the reported estimation results concerning the determinants of employee participation rates in 401(k pension plans using the standard routines provided in Stata. As an alternative, we estimate a two-part model that is capable of coping with the excessive number of boundary values equalling one in the data. The estimated marginal effects are similar to those derived in the paper. A small-scale Monte Carlo simulation exercise suggests that the RESET tests proposed by Papke and Wooldridge in their robust form are useful for detecting neglected non-linearities in small samples.

  7. Geographical Network Analysis and Spatial Econometrics as Tools to Enhance Our Understanding of Student Migration Patterns and Benefits in the U.S. Higher Education Network

    Science.gov (United States)

    González Canché, Manuel S.

    2018-01-01

    This study measures the extent to which student outmigration outside the 4-year sector takes place and posits that the benefits from attracting non-resident students exist regardless of sector of enrollment. The study also provides empirical evidence about the relevance of employing geographical network analysis (GNA) and spatial econometrics in…

  8. Econometric modelling of multiple self-reports of health states: The switch from EQ-5D-3L to EQ-5D-5L in evaluating drug therapies for rheumatoid arthritis.

    Science.gov (United States)

    Hernández-Alava, Mónica; Pudney, Stephen

    2017-09-01

    EQ-5D is used in cost-effectiveness studies underlying many important health policy decisions. It comprises a survey instrument describing health states across five domains, and a system of utility values for each state. The original 3-level version of EQ-5D is being replaced with a more sensitive 5-level version but the consequences of this change are uncertain. We develop a multi-equation ordinal response model incorporating a copula specification with normal mixture marginals to analyse joint responses to EQ-5D-3L and EQ-5D-5L in a survey of people with rheumatic disease, and use it to generate mappings between the alternative descriptive systems. We revisit a major cost-effectiveness study of drug therapies for rheumatoid arthritis, mapping the original EQ-5D-3L measure onto a 5L valuation basis. Working within a comprehensive, flexible econometric framework, we find that use of simpler restricted specifications can make very large changes to cost-effectiveness estimates with serious implications for decision-making. Copyright © 2017 The Authors. Published by Elsevier B.V. All rights reserved.

  9. Computer Based Modelling and Simulation

    Indian Academy of Sciences (India)

    Home; Journals; Resonance – Journal of Science Education; Volume 6; Issue 3. Computer Based Modelling and Simulation - Modelling Deterministic Systems. N K Srinivasan. General Article Volume 6 Issue 3 March 2001 pp 46-54. Fulltext. Click here to view fulltext PDF. Permanent link:

  10. Residential water demand and water consumption: an econometric analysis on municipal panel data

    International Nuclear Information System (INIS)

    Musolesi, Antonio; Nosvelli, Mario

    2005-01-01

    This paper focuses on residential water demand estimation, a rather neglected issue in the Italian environmental economics literature as compared to other European countries and the USA. This may depend on the difficulties in gathering proper data and, most of all, panel data. In some cases statistical information are not suitably collected, while in other cases legal privacy ties put some obstacles to data set transfer. Our panel data set refers to 102 municipalities in Lombardy (Italy) for the period 1998-2002. When estimating the effect of water price, we control for other relevant variables such as: income, households demographical variables - (age structure, number of component for each family) number of firms in tertiary sector, water system length. In the considered period, the data show both an increase in population (1,5 %) and in the number of water consumers (7%) associated, on aggregate, with a slight reduction in water consumption (-1,1 %). Water demand models are estimated both in a static and in a dynamic framework. In the former, the emphasis is set on the sources of endogeneity in the average price by estimating a system of simultaneous equations and relevant variables for assessing consumer behaviour - such as socio demographic ones - are incorporated in the model. In the latter, econometric methods especially designed for endogeneity in panel data models (Arellano e Bond, 1991), are employed in order to estimate the long run elasticity of water demand with respect to average price. We find evidence both that consumers significantly respond to average price only in the long run with an elasticity of about - 0,3-0,4 and that income and demographic variables are crucial in explaining consumers' behaviour. Furthermore, water consumption presents a strong auto-regressive component, showing the emergence of inertia and path dependency in consumption habits. Such results suggest important implications for water policy planning. On one side demographic

  11. Advanced training simulator models. Implementation and validation

    International Nuclear Information System (INIS)

    Borkowsky, Jeffrey; Judd, Jerry; Belblidia, Lotfi; O'farrell, David; Andersen, Peter

    2008-01-01

    Modern training simulators are required to replicate plant data for both thermal-hydraulic and neutronic response. Replication is required such that reactivity manipulation on the simulator properly trains the operator for reactivity manipulation at the plant. This paper discusses advanced models which perform this function in real-time using the coupled code system THOR/S3R. This code system models the all fluids systems in detail using an advanced, two-phase thermal-hydraulic a model. The nuclear core is modeled using an advanced, three-dimensional nodal method and also by using cycle-specific nuclear data. These models are configured to run interactively from a graphical instructor station or handware operation panels. The simulator models are theoretically rigorous and are expected to replicate the physics of the plant. However, to verify replication, the models must be independently assessed. Plant data is the preferred validation method, but plant data is often not available for many important training scenarios. In the absence of data, validation may be obtained by slower-than-real-time transient analysis. This analysis can be performed by coupling a safety analysis code and a core design code. Such a coupling exists between the codes RELAP5 and SIMULATE-3K (S3K). RELAP5/S3K is used to validate the real-time model for several postulated plant events. (author)

  12. Modelling conditional heteroscedasticity in nonstationary series

    NARCIS (Netherlands)

    Cizek, P.; Cizek, P.; Härdle, W.K.; Weron, R.

    2011-01-01

    A vast amount of econometrical and statistical research deals with modeling financial time series and their volatility, which measures the dispersion of a series at a point in time (i.e., conditional variance). Although financial markets have been experiencing many shorter and longer periods of

  13. Deriving simulators for hybrid Chi models

    NARCIS (Netherlands)

    Beek, van D.A.; Man, K.L.; Reniers, M.A.; Rooda, J.E.; Schiffelers, R.R.H.

    2006-01-01

    The hybrid Chi language is formalism for modeling, simulation and verification of hybrid systems. The formal semantics of hybrid Chi allows the definition of provably correct implementations for simulation, verification and realtime control. This paper discusses the principles of deriving an

  14. Income Distribution Over Educational Levels: A Simple Model.

    Science.gov (United States)

    Tinbergen, Jan

    An econometric model is formulated that explains income per person in various compartments of the labor market defined by three main levels of education and by education required. The model enables an estimation of the effect of increased access to education on that distribution. The model is based on a production for the economy as a whole; a…

  15. Proceedings of the 17. IASTED international conference on modelling and simulation

    Energy Technology Data Exchange (ETDEWEB)

    Wamkeue, R. (comp.) [Quebec Univ., Abitibi-Temiscaminque, PQ (Canada)

    2006-07-01

    The International Association of Science and Technology for Development (IASTED) hosted this conference to provide a forum for international researchers and practitioners interested in all areas of modelling and simulation. The conference featured 12 sessions entitled: (1) automation, control and robotics, (2) hydraulic and hydrologic modelling, (3) applications in processes and design optimization, (4) environmental systems, (5) biomedicine and biomechanics, (6) communications, computers and informatics 1, (7) economics, management and operations research 1, (8) modelling and simulation methodologies 1, (9) economics, management and operations research 2, (10) modelling, optimization, identification and simulation, (11) communications, computers and informatics 2, and, (12) modelling and simulation methodologies 2. Participants took the opportunity to present the latest research, results, and ideas in mathematical modelling; physically-based modelling; agent-based modelling; dynamic modelling; 3-dimensional modelling; computational geometry; time series analysis; finite element methods; discrete event simulation; web-based simulation; Monte Carlo simulation; simulation optimization; simulation uncertainty; fuzzy systems; data modelling; computer aided design; and, visualization. Case studies in engineering design were also presented along with simulation tools and languages. The conference also highlighted topical issues in environmental systems modelling such as air modelling and simulation, atmospheric modelling, hazardous materials, mobile source emissions, ecosystem modelling, hydrological modelling, aquatic ecosystems, terrestrial ecosystems, biological systems, agricultural modelling, terrain analysis, meteorological modelling, earth system modelling, climatic modelling, and natural resource management. The conference featured 110 presentations, of which 3 have been catalogued separately for inclusion in this database. refs., tabs., figs.

  16. The Application of Asymmetric Liquidity Risk Measure in Modelling the Risk of Investment

    Directory of Open Access Journals (Sweden)

    Garsztka Przemysław

    2015-06-01

    Full Text Available The article analyses the relationship between investment risk (as measured by the variance of returns or standard deviation of returns and liquidity risk. The paper presents a method for calculating a new measure of liquidity risk, based on the characteristic line. In addition, it is checked what is the impact of liquidity risk to the volatility of daily returns. To describe this relationship dynamic econometric models were used. It was found that there was an econometric relationship between the proposed measure liquidity risk and the variance of returns.

  17. Modeling and Simulation of Nanoindentation

    Science.gov (United States)

    Huang, Sixie; Zhou, Caizhi

    2017-11-01

    Nanoindentation is a hardness test method applied to small volumes of material which can provide some unique effects and spark many related research activities. To fully understand the phenomena observed during nanoindentation tests, modeling and simulation methods have been developed to predict the mechanical response of materials during nanoindentation. However, challenges remain with those computational approaches, because of their length scale, predictive capability, and accuracy. This article reviews recent progress and challenges for modeling and simulation of nanoindentation, including an overview of molecular dynamics, the quasicontinuum method, discrete dislocation dynamics, and the crystal plasticity finite element method, and discusses how to integrate multiscale modeling approaches seamlessly with experimental studies to understand the length-scale effects and microstructure evolution during nanoindentation tests, creating a unique opportunity to establish new calibration procedures for the nanoindentation technique.

  18. Mammogram synthesis using a 3D simulation. I. Breast tissue model and image acquisition simulation

    International Nuclear Information System (INIS)

    Bakic, Predrag R.; Albert, Michael; Brzakovic, Dragana; Maidment, Andrew D. A.

    2002-01-01

    A method is proposed for generating synthetic mammograms based upon simulations of breast tissue and the mammographic imaging process. A computer breast model has been designed with a realistic distribution of large and medium scale tissue structures. Parameters controlling the size and placement of simulated structures (adipose compartments and ducts) provide a method for consistently modeling images of the same simulated breast with modified position or acquisition parameters. The mammographic imaging process is simulated using a compression model and a model of the x-ray image acquisition process. The compression model estimates breast deformation using tissue elasticity parameters found in the literature and clinical force values. The synthetic mammograms were generated by a mammogram acquisition model using a monoenergetic parallel beam approximation applied to the synthetically compressed breast phantom

  19. COMPARISON OF RF CAVITY TRANSPORT MODELS FOR BBU SIMULATIONS

    Energy Technology Data Exchange (ETDEWEB)

    Ilkyoung Shin,Byung Yunn,Todd Satogata,Shahid Ahmed

    2011-03-01

    The transverse focusing effect in RF cavities plays a considerable role in beam dynamics for low-energy beamline sections and can contribute to beam breakup (BBU) instability. The purpose of this analysis is to examine RF cavity models in simulation codes which will be used for BBU experiments at Jefferson Lab and improve BBU simulation results. We review two RF cavity models in the simulation codes elegant and TDBBU (a BBU simulation code developed at Jefferson Lab). elegant can include the Rosenzweig-Serafini (R-S) model for the RF focusing effect. Whereas TDBBU uses a model from the code TRANSPORT which considers the adiabatic damping effect, but not the RF focusing effect. Quantitative comparisons are discussed for the CEBAF beamline. We also compare the R-S model with the results from numerical simulations for a CEBAF-type 5-cell superconducting cavity to validate the use of the R-S model as an improved low-energy RF cavity transport model in TDBBU. We have implemented the R-S model in TDBBU. It will improve BBU simulation results to be more matched with analytic calculations and experimental results.

  20. Comparison Of RF Cavity Transport Models For BBU Simulations

    International Nuclear Information System (INIS)

    Shin, Ilkyoung; Yunn, Byung; Satogata, Todd; Ahmed, Shahid

    2011-01-01

    The transverse focusing effect in RF cavities plays a considerable role in beam dynamics for low-energy beamline sections and can contribute to beam breakup (BBU) instability. The purpose of this analysis is to examine RF cavity models in simulation codes which will be used for BBU experiments at Jefferson Lab and improve BBU simulation results. We review two RF cavity models in the simulation codes elegant and TDBBU (a BBU simulation code developed at Jefferson Lab). elegant can include the Rosenzweig-Serafini (R-S) model for the RF focusing effect. Whereas TDBBU uses a model from the code TRANSPORT which considers the adiabatic damping effect, but not the RF focusing effect. Quantitative comparisons are discussed for the CEBAF beamline. We also compare the R-S model with the results from numerical simulations for a CEBAF-type 5-cell superconducting cavity to validate the use of the R-S model as an improved low-energy RF cavity transport model in TDBBU. We have implemented the R-S model in TDBBU. It will improve BBU simulation results to be more matched with analytic calculations and experimental results.

  1. Assessing the impact on chronic disease of incorporating the societal cost of greenhouse gases into the price of food: an econometric and comparative risk assessment modelling study.

    Science.gov (United States)

    Briggs, Adam D M; Kehlbacher, Ariane; Tiffin, Richard; Garnett, Tara; Rayner, Mike; Scarborough, Peter

    2013-10-22

    To model the impact on chronic disease of a tax on UK food and drink that internalises the wider costs to society of greenhouse gas (GHG) emissions and to estimate the potential revenue. An econometric and comparative risk assessment modelling study. The UK. The UK adult population. Two tax scenarios are modelled: (A) a tax of £2.72/tonne carbon dioxide equivalents (tCO2e)/100 g product applied to all food and drink groups with above average GHG emissions. (B) As with scenario (A) but food groups with emissions below average are subsidised to create a tax neutral scenario. Primary outcomes are change in UK population mortality from chronic diseases following the implementation of each taxation strategy, the change in the UK GHG emissions and the predicted revenue. Secondary outcomes are the changes to the micronutrient composition of the UK diet. Scenario (A) results in 7770 (95% credible intervals 7150 to 8390) deaths averted and a reduction in GHG emissions of 18 683 (14 665to 22 889) ktCO2e/year. Estimated annual revenue is £2.02 (£1.98 to £2.06) billion. Scenario (B) results in 2685 (1966 to 3402) extra deaths and a reduction in GHG emissions of 15 228 (11 245to 19 492) ktCO2e/year. Incorporating the societal cost of GHG into the price of foods could save 7770 lives in the UK each year, reduce food-related GHG emissions and generate substantial tax revenue. The revenue neutral scenario (B) demonstrates that sustainability and health goals are not always aligned. Future work should focus on investigating the health impact by population subgroup and on designing fiscal strategies to promote both sustainable and healthy diets.

  2. An approximate fractional Gaussian noise model with computational cost

    KAUST Repository

    Sørbye, Sigrunn H.

    2017-09-18

    Fractional Gaussian noise (fGn) is a stationary time series model with long memory properties applied in various fields like econometrics, hydrology and climatology. The computational cost in fitting an fGn model of length $n$ using a likelihood-based approach is ${\\\\mathcal O}(n^{2})$, exploiting the Toeplitz structure of the covariance matrix. In most realistic cases, we do not observe the fGn process directly but only through indirect Gaussian observations, so the Toeplitz structure is easily lost and the computational cost increases to ${\\\\mathcal O}(n^{3})$. This paper presents an approximate fGn model of ${\\\\mathcal O}(n)$ computational cost, both with direct or indirect Gaussian observations, with or without conditioning. This is achieved by approximating fGn with a weighted sum of independent first-order autoregressive processes, fitting the parameters of the approximation to match the autocorrelation function of the fGn model. The resulting approximation is stationary despite being Markov and gives a remarkably accurate fit using only four components. The performance of the approximate fGn model is demonstrated in simulations and two real data examples.

  3. Multiple Time Series Ising Model for Financial Market Simulations

    International Nuclear Information System (INIS)

    Takaishi, Tetsuya

    2015-01-01

    In this paper we propose an Ising model which simulates multiple financial time series. Our model introduces the interaction which couples to spins of other systems. Simulations from our model show that time series exhibit the volatility clustering that is often observed in the real financial markets. Furthermore we also find non-zero cross correlations between the volatilities from our model. Thus our model can simulate stock markets where volatilities of stocks are mutually correlated

  4. A Simulation Model Articulation of the REA Ontology

    Science.gov (United States)

    Laurier, Wim; Poels, Geert

    This paper demonstrates how the REA enterprise ontology can be used to construct simulation models for business processes, value chains and collaboration spaces in supply chains. These models support various high-level and operational management simulation applications, e.g. the analysis of enterprise sustainability and day-to-day planning. First, the basic constructs of the REA ontology and the ExSpect modelling language for simulation are introduced. Second, collaboration space, value chain and business process models and their conceptual dependencies are shown, using the ExSpect language. Third, an exhibit demonstrates the use of value chain models in predicting the financial performance of an enterprise.

  5. Modeling and simulation of chillers with Dymola/Modelica; Modellierung und Simulation von Kaeltemaschinen mit Dymola/Modelica

    Energy Technology Data Exchange (ETDEWEB)

    Rettich, Daniel [Hochschule Biberach (Germany). Inst. fuer Gebaeude- und Energiesysteme (IGE)

    2012-07-01

    Within the contribution under consideration, a chiller was modeled and simulated with the program package Dymola / Modelica using the TIL Toolbox. An existing refrigeration technology test bench at the University of Biberach (Federal Republic of Germany) serves as a reference for the chiller illustrated in the simulation. The aim of the simulation is the future use of the models in a hardware-in-the-Loop (HIL) test bench in order to test different controllers with respect to their function and logic under identical framework conditions. Furthermore, the determination of the energy efficiency according to the regulation VDMA 24247 is in the foreground at the test bench as well as within the simulation. Following the final completion of the test bench, the models are validated against the test bench, and the model of the refrigerator will be connected to a detailed space model. Individual models were taken from the TIL toolbox, adapted for the application and parameterized with the design values of the laboratory chiller. Modifications to the TIL models were necessary in order to reflect the dynamic effects of the chiller in detail. For this purpose, investigations on indicators of the various dynamic components were employed. Subsequently to the modeling, each model was tested on the bases of design values and documents of the manufacturer. First simulation studies showed that the simulation in Dymola including the developed models provide plausible results. In the course of the modeling and parameterization of these modified models a component library was developed. Different models for future simulation studies can be extracted.

  6. Coupling of Large Eddy Simulations with Meteorological Models to simulate Methane Leaks from Natural Gas Storage Facilities

    Science.gov (United States)

    Prasad, K.

    2017-12-01

    Atmospheric transport is usually performed with weather models, e.g., the Weather Research and Forecasting (WRF) model that employs a parameterized turbulence model and does not resolve the fine scale dynamics generated by the flow around buildings and features comprising a large city. The NIST Fire Dynamics Simulator (FDS) is a computational fluid dynamics model that utilizes large eddy simulation methods to model flow around buildings at length scales much smaller than is practical with models like WRF. FDS has the potential to evaluate the impact of complex topography on near-field dispersion and mixing that is difficult to simulate with a mesoscale atmospheric model. A methodology has been developed to couple the FDS model with WRF mesoscale transport models. The coupling is based on nudging the FDS flow field towards that computed by WRF, and is currently limited to one way coupling performed in an off-line mode. This approach allows the FDS model to operate as a sub-grid scale model with in a WRF simulation. To test and validate the coupled FDS - WRF model, the methane leak from the Aliso Canyon underground storage facility was simulated. Large eddy simulations were performed over the complex topography of various natural gas storage facilities including Aliso Canyon, Honor Rancho and MacDonald Island at 10 m horizontal and vertical resolution. The goal of these simulations included improving and validating transport models as well as testing leak hypotheses. Forward simulation results were compared with aircraft and tower based in-situ measurements as well as methane plumes observed using the NASA Airborne Visible InfraRed Imaging Spectrometer (AVIRIS) and the next generation instrument AVIRIS-NG. Comparison of simulation results with measurement data demonstrate the capability of the coupled FDS-WRF models to accurately simulate the transport and dispersion of methane plumes over urban domains. Simulated integrated methane enhancements will be presented and

  7. What drives the change in China's energy intensity: Combining decomposition analysis and econometric analysis at the provincial level

    International Nuclear Information System (INIS)

    Song, Feng; Zheng, Xinye

    2012-01-01

    We employ decomposition analysis and econometric analysis to investigate the driving forces behind China's changing energy intensity using a provincial-level panel data set for the period from 1995 to 2009. The decomposition analysis indicates that: (a) all of the provinces except for a few experienced efficiency improvement, while around three-fourths of the provinces' economics became more energy intensive or remained unchanged; (b) consequently the efficiency improvement accounts for more than 90% of China's energy intensity change as opposed to the economic structural change. The econometric analysis shows that the rising income plays a significant role in the reduction of energy intensity while the effect of energy price is relatively limited. The result may reflect the urgency of deregulating the price and establishing a market-oriented pricing system in China's energy sector. The implementation of the energy intensity reduction policies in the Eleventh Five-Year Plan (FYP) has helped reverse the increasing trend of energy intensity since 2002. Although the Chinese Government intended to change the industry-led economic growth pattern, it seems that most of the policy effects flow through the efficiency improvement as opposed to the economic structure adjustment. More fundamental changes to the economic structure are needed to achieve more sustainable progress in energy intensity reduction. - Highlights: ► We examine the determinants of China's energy intensity change at provincial level. ► Rising income plays a significant role in reducing China's energy intensity. ► Policy effects mainly flow through the efficiency improvement. ► Fundamental structure changes are needed to further reduce China's energy intensity.

  8. A virtual laboratory notebook for simulation models.

    Science.gov (United States)

    Winfield, A J

    1998-01-01

    In this paper we describe how we have adopted the laboratory notebook as a metaphor for interacting with computer simulation models. This 'virtual' notebook stores the simulation output and meta-data (which is used to record the scientist's interactions with the simulation). The meta-data stored consists of annotations (equivalent to marginal notes in a laboratory notebook), a history tree and a log of user interactions. The history tree structure records when in 'simulation' time, and from what starting point in the tree changes are made to the parameters by the user. Typically these changes define a new run of the simulation model (which is represented as a new branch of the history tree). The tree shows the structure of the changes made to the simulation and the log is required to keep the order in which the changes occurred. Together they form a record which you would normally find in a laboratory notebook. The history tree is plotted in simulation parameter space. This shows the scientist's interactions with the simulation visually and allows direct manipulation of the parameter information presented, which in turn is used to control directly the state of the simulation. The interactions with the system are graphical and usually involve directly selecting or dragging data markers and other graphical control devices around in parameter space. If the graphical manipulators do not provide precise enough control then textual manipulation is still available which allows numerical values to be entered by hand. The Virtual Laboratory Notebook, by providing interesting interactions with the visual view of the history tree, provides a mechanism for giving the user complex and novel ways of interacting with biological computer simulation models.

  9. Box-Cox Test: the theoretical justification and US-China empirical study

    Directory of Open Access Journals (Sweden)

    Tam Bang Vu

    2011-01-01

    Full Text Available In econometrics, the derivation of a theoretical model leads sometimes to two econometric models, which can be considered justified based on their respective approximation approaches. Hence, the decision of choosing one between the two hinges on applied econometric tools. In this paper, the authors develop a theoretical econometrics consumer maximization model to measure the flow of durables’ expenditures where depreciation is added to former classical econometrics model. The proposed model was formulated in both linear and logarithmic forms. Box-Cox tests were used to choose the most appropriate one among them. The proposed model was then applied to the historical data from the U.S. and China for a comparative study and the results discussed.

  10. [Are there irrationalities in the consumption of anti-obesity drugs in Brazil? A pharmaco-econometric analysis of panel datasets].

    Science.gov (United States)

    Mota, Daniel Marques; de Oliveira, Márcia Gonçalves; Bovi, Rafael Filiacci; Silva, Sidarta Figueredo; Cunha, Jeane Araújo Fernandes; Divino, José Angelo

    2014-05-01

    The scope of this study is to analyze the determinants of the use of appetite suppressants (amfepramone, femproporex, mazindol and sibutramine) through the estimation of a dynamic panel dataset model for the Brazilian state capitals and the Federal District (DF) in the period from 2009 to 2011. The results show that consumption of appetite suppressants did not follow the geographic distribution of overweight and obese individuals across the capitals and DF. There is a recurrent consumption of appetite inhibitors, in which 79% of the current consumption of these drugs is explained by past consumption. Among the variables that explain the use of inhibitors, the percentage of obese adults, the percentage of adults who habitually consume fruit and vegetables, and the coverage rate of health plans stand out. The pharmaco-econometric analysis suggests that there are problems in the rational use of appetite suppressants in the Brazilian state capitals and the Federal District with respect to both the combined consumption of these drugs with other medicines - deemed illegal by the Federal Council of Medicine and ANVISA - and in the therapeutic prescription of these products.

  11. Turbulence modeling for Francis turbine water passages simulation

    International Nuclear Information System (INIS)

    Maruzewski, P; Munch, C; Mombelli, H P; Avellan, F; Hayashi, H; Yamaishi, K; Hashii, T; Sugow, Y

    2010-01-01

    The applications of Computational Fluid Dynamics, CFD, to hydraulic machines life require the ability to handle turbulent flows and to take into account the effects of turbulence on the mean flow. Nowadays, Direct Numerical Simulation, DNS, is still not a good candidate for hydraulic machines simulations due to an expensive computational time consuming. Large Eddy Simulation, LES, even, is of the same category of DNS, could be an alternative whereby only the small scale turbulent fluctuations are modeled and the larger scale fluctuations are computed directly. Nevertheless, the Reynolds-Averaged Navier-Stokes, RANS, model have become the widespread standard base for numerous hydraulic machine design procedures. However, for many applications involving wall-bounded flows and attached boundary layers, various hybrid combinations of LES and RANS are being considered, such as Detached Eddy Simulation, DES, whereby the RANS approximation is kept in the regions where the boundary layers are attached to the solid walls. Furthermore, the accuracy of CFD simulations is highly dependent on the grid quality, in terms of grid uniformity in complex configurations. Moreover any successful structured and unstructured CFD codes have to offer a wide range to the variety of classic RANS model to hybrid complex model. The aim of this study is to compare the behavior of turbulent simulations for both structured and unstructured grids topology with two different CFD codes which used the same Francis turbine. Hence, the study is intended to outline the encountered discrepancy for predicting the wake of turbine blades by using either the standard k-ε model, or the standard k-ε model or the SST shear stress model in a steady CFD simulation. Finally, comparisons are made with experimental data from the EPFL Laboratory for Hydraulic Machines reduced scale model measurements.

  12. Turbulence modeling for Francis turbine water passages simulation

    Energy Technology Data Exchange (ETDEWEB)

    Maruzewski, P; Munch, C; Mombelli, H P; Avellan, F [Ecole polytechnique federale de Lausanne, Laboratory of Hydraulic Machines Avenue de Cour 33 bis, CH-1007 Lausanne (Switzerland); Hayashi, H; Yamaishi, K; Hashii, T; Sugow, Y, E-mail: pierre.maruzewski@epfl.c [Nippon KOEI Power Systems, 1-22 Doukyu, Aza, Morijyuku, Sukagawa, Fukushima Pref. 962-8508 (Japan)

    2010-08-15

    The applications of Computational Fluid Dynamics, CFD, to hydraulic machines life require the ability to handle turbulent flows and to take into account the effects of turbulence on the mean flow. Nowadays, Direct Numerical Simulation, DNS, is still not a good candidate for hydraulic machines simulations due to an expensive computational time consuming. Large Eddy Simulation, LES, even, is of the same category of DNS, could be an alternative whereby only the small scale turbulent fluctuations are modeled and the larger scale fluctuations are computed directly. Nevertheless, the Reynolds-Averaged Navier-Stokes, RANS, model have become the widespread standard base for numerous hydraulic machine design procedures. However, for many applications involving wall-bounded flows and attached boundary layers, various hybrid combinations of LES and RANS are being considered, such as Detached Eddy Simulation, DES, whereby the RANS approximation is kept in the regions where the boundary layers are attached to the solid walls. Furthermore, the accuracy of CFD simulations is highly dependent on the grid quality, in terms of grid uniformity in complex configurations. Moreover any successful structured and unstructured CFD codes have to offer a wide range to the variety of classic RANS model to hybrid complex model. The aim of this study is to compare the behavior of turbulent simulations for both structured and unstructured grids topology with two different CFD codes which used the same Francis turbine. Hence, the study is intended to outline the encountered discrepancy for predicting the wake of turbine blades by using either the standard k-{epsilon} model, or the standard k-{epsilon} model or the SST shear stress model in a steady CFD simulation. Finally, comparisons are made with experimental data from the EPFL Laboratory for Hydraulic Machines reduced scale model measurements.

  13. Fracture network modeling and GoldSim simulation support

    International Nuclear Information System (INIS)

    Sugita, Kenichirou; Dershowitz, W.

    2005-01-01

    During Heisei-16, Golder Associates provided support for JNC Tokai through discrete fracture network data analysis and simulation of the Mizunami Underground Research Laboratory (MIU), participation in Task 6 of the AEspoe Task Force on Modeling of Groundwater Flow and Transport, and development of methodologies for analysis of repository site characterization strategies and safety assessment. MIU support during H-16 involved updating the H-15 FracMan discrete fracture network (DFN) models for the MIU shaft region, and developing improved simulation procedures. Updates to the conceptual model included incorporation of 'Step2' (2004) versions of the deterministic structures, and revision of background fractures to be consistent with conductive structure data from the DH-2 borehole. Golder developed improved simulation procedures for these models through the use of hybrid discrete fracture network (DFN), equivalent porous medium (EPM), and nested DFN/EPM approaches. For each of these models, procedures were documented for the entire modeling process including model implementation, MMP simulation, and shaft grouting simulation. Golder supported JNC participation in Task 6AB, 6D and 6E of the AEspoe Task Force on Modeling of Groundwater Flow and Transport during H-16. For Task 6AB, Golder developed a new technique to evaluate the role of grout in performance assessment time-scale transport. For Task 6D, Golder submitted a report of H-15 simulations to SKB. For Task 6E, Golder carried out safety assessment time-scale simulations at the block scale, using the Laplace Transform Galerkin method. During H-16, Golder supported JNC's Total System Performance Assessment (TSPA) strategy by developing technologies for the analysis of the use site characterization data in safety assessment. This approach will aid in the understanding of the use of site characterization to progressively reduce site characterization uncertainty. (author)

  14. Turbulence modeling for Francis turbine water passages simulation

    Science.gov (United States)

    Maruzewski, P.; Hayashi, H.; Munch, C.; Yamaishi, K.; Hashii, T.; Mombelli, H. P.; Sugow, Y.; Avellan, F.

    2010-08-01

    The applications of Computational Fluid Dynamics, CFD, to hydraulic machines life require the ability to handle turbulent flows and to take into account the effects of turbulence on the mean flow. Nowadays, Direct Numerical Simulation, DNS, is still not a good candidate for hydraulic machines simulations due to an expensive computational time consuming. Large Eddy Simulation, LES, even, is of the same category of DNS, could be an alternative whereby only the small scale turbulent fluctuations are modeled and the larger scale fluctuations are computed directly. Nevertheless, the Reynolds-Averaged Navier-Stokes, RANS, model have become the widespread standard base for numerous hydraulic machine design procedures. However, for many applications involving wall-bounded flows and attached boundary layers, various hybrid combinations of LES and RANS are being considered, such as Detached Eddy Simulation, DES, whereby the RANS approximation is kept in the regions where the boundary layers are attached to the solid walls. Furthermore, the accuracy of CFD simulations is highly dependent on the grid quality, in terms of grid uniformity in complex configurations. Moreover any successful structured and unstructured CFD codes have to offer a wide range to the variety of classic RANS model to hybrid complex model. The aim of this study is to compare the behavior of turbulent simulations for both structured and unstructured grids topology with two different CFD codes which used the same Francis turbine. Hence, the study is intended to outline the encountered discrepancy for predicting the wake of turbine blades by using either the standard k-epsilon model, or the standard k-epsilon model or the SST shear stress model in a steady CFD simulation. Finally, comparisons are made with experimental data from the EPFL Laboratory for Hydraulic Machines reduced scale model measurements.

  15. Towards a standard model for research in agent-based modeling and simulation

    Directory of Open Access Journals (Sweden)

    Nuno Fachada

    2015-11-01

    Full Text Available Agent-based modeling (ABM is a bottom-up modeling approach, where each entity of the system being modeled is uniquely represented as an independent decision-making agent. ABMs are very sensitive to implementation details. Thus, it is very easy to inadvertently introduce changes which modify model dynamics. Such problems usually arise due to the lack of transparency in model descriptions, which constrains how models are assessed, implemented and replicated. In this paper, we present PPHPC, a model which aims to serve as a standard in agent based modeling research, namely, but not limited to, conceptual model specification, statistical analysis of simulation output, model comparison and parallelization studies. This paper focuses on the first two aspects (conceptual model specification and statistical analysis of simulation output, also providing a canonical implementation of PPHPC. The paper serves as a complete reference to the presented model, and can be used as a tutorial for simulation practitioners who wish to improve the way they communicate their ABMs.

  16. Cognitive Modeling for Agent-Based Simulation of Child Maltreatment

    Science.gov (United States)

    Hu, Xiaolin; Puddy, Richard

    This paper extends previous work to develop cognitive modeling for agent-based simulation of child maltreatment (CM). The developed model is inspired from parental efficacy, parenting stress, and the theory of planned behavior. It provides an explanatory, process-oriented model of CM and incorporates causality relationship and feedback loops from different factors in the social ecology in order for simulating the dynamics of CM. We describe the model and present simulation results to demonstrate the features of this model.

  17. Comparison of performance of simulation models for floor heating

    DEFF Research Database (Denmark)

    Weitzmann, Peter; Svendsen, Svend

    2005-01-01

    This paper describes the comparison of performance of simulation models for floor heating with different level of detail in the modelling process. The models are compared in an otherwise identical simulation model containing room model, walls, windows, ceiling and ventilation system. By exchanging...

  18. Evolution Model and Simulation of Profit Model of Agricultural Products Logistics Financing

    Science.gov (United States)

    Yang, Bo; Wu, Yan

    2018-03-01

    Agricultural products logistics financial warehousing business mainly involves agricultural production and processing enterprises, third-party logistics enterprises and financial institutions tripartite, to enable the three parties to achieve win-win situation, the article first gives the replication dynamics and evolutionary stability strategy between the three parties in business participation, and then use NetLogo simulation platform, using the overall modeling and simulation method of Multi-Agent, established the evolutionary game simulation model, and run the model under different revenue parameters, finally, analyzed the simulation results. To achieve the agricultural products logistics financial financing warehouse business to participate in tripartite mutually beneficial win-win situation, thus promoting the smooth flow of agricultural products logistics business.

  19. Off-gas adsorption model and simulation - OSPREY

    Energy Technology Data Exchange (ETDEWEB)

    Rutledge, V.J. [Idaho National Laboratory, P. O. Box 1625, Idaho Falls, ID (United States)

    2013-07-01

    A capability of accurately simulating the dynamic behavior of advanced fuel cycle separation processes is expected to provide substantial cost savings and many technical benefits. To support this capability, a modeling effort focused on the off-gas treatment system of a used nuclear fuel recycling facility is in progress. The off-gas separation consists of a series of scrubbers and adsorption beds to capture constituents of interest. Dynamic models are being developed to simulate each unit operation involved so each unit operation can be used as a stand-alone model and in series with multiple others. Currently, an adsorption model has been developed within Multi-physics Object Oriented Simulation Environment (MOOSE) developed at the Idaho National Laboratory (INL). Off-gas Separation and Recovery (OSPREY) models the adsorption of offgas constituents for dispersed plug flow in a packed bed under non-isothermal and non-isobaric conditions. Inputs to the model include gas composition, sorbent and column properties, equilibrium and kinetic data, and inlet conditions. The simulation outputs component concentrations along the column length as a function of time from which breakthrough data can be obtained. The breakthrough data can be used to determine bed capacity, which in turn can be used to size columns. In addition to concentration data, the model predicts temperature along the column length as a function of time and pressure drop along the column length. A description of the OSPREY model, results from krypton adsorption modeling and plans for modeling the behavior of iodine, xenon, and tritium will be discussed. (author)

  20. PSH Transient Simulation Modeling

    Energy Technology Data Exchange (ETDEWEB)

    Muljadi, Eduard [National Renewable Energy Laboratory (NREL), Golden, CO (United States)

    2017-12-21

    PSH Transient Simulation Modeling presentation from the WPTO FY14 - FY16 Peer Review. Transient effects are an important consideration when designing a PSH system, yet numerical techniques for hydraulic transient analysis still need improvements for adjustable-speed (AS) reversible pump-turbine applications.

  1. Modeling and simulation of discrete event systems

    CERN Document Server

    Choi, Byoung Kyu

    2013-01-01

    Computer modeling and simulation (M&S) allows engineers to study and analyze complex systems. Discrete-event system (DES)-M&S is used in modern management, industrial engineering, computer science, and the military. As computer speeds and memory capacity increase, so DES-M&S tools become more powerful and more widely used in solving real-life problems. Based on over 20 years of evolution within a classroom environment, as well as on decades-long experience in developing simulation-based solutions for high-tech industries, Modeling and Simulation of Discrete-Event Systems is the only book on

  2. Modeling and simulation of large HVDC systems

    Energy Technology Data Exchange (ETDEWEB)

    Jin, H.; Sood, V.K.

    1993-01-01

    This paper addresses the complexity and the amount of work in preparing simulation data and in implementing various converter control schemes and the excessive simulation time involved in modelling and simulation of large HVDC systems. The Power Electronic Circuit Analysis program (PECAN) is used to address these problems and a large HVDC system with two dc links is simulated using PECAN. A benchmark HVDC system is studied to compare the simulation results with those from other packages. The simulation time and results are provided in the paper.

  3. Essays on Imperfect Knowledge Economics, Structural Change, and Persistence in the Cointegrated VAR Model

    DEFF Research Database (Denmark)

    Tabor, Morten Nyboe

    2014-01-01

    conrm the original intuition behind the attempt to combine IKE and the econometric approach based on the cointegrated VAR model, that the parameter-instability of IKE models could potentially be an important source of the persistence found empirically in estimated cointegrated VAR models...

  4. Simulation platform to model, optimize and design wind turbines

    Energy Technology Data Exchange (ETDEWEB)

    Iov, F.; Hansen, A.D.; Soerensen, P.; Blaabjerg, F.

    2004-03-01

    This report is a general overview of the results obtained in the project 'Electrical Design and Control. Simulation Platform to Model, Optimize and Design Wind Turbines'. The motivation for this research project is the ever-increasing wind energy penetration into the power network. Therefore, the project has the main goal to create a model database in different simulation tools for a system optimization of the wind turbine systems. Using this model database a simultaneous optimization of the aerodynamic, mechanical, electrical and control systems over the whole range of wind speeds and grid characteristics can be achieved. The report is structured in six chapters. First, the background of this project and the main goals as well as the structure of the simulation platform is given. The main topologies for wind turbines, which have been taken into account during the project, are briefly presented. Then, the considered simulation tools namely: HAWC, DIgSILENT, Saber and Matlab/Simulink have been used in this simulation platform are described. The focus here is on the modelling and simulation time scale aspects. The abilities of these tools are complementary and they can together cover all the modelling aspects of the wind turbines e.g. mechanical loads, power quality, switching, control and grid faults. However, other simulation packages e.g PSCAD/EMTDC can easily be added in the simulation platform. New models and new control algorithms for wind turbine systems have been developed and tested in these tools. All these models are collected in dedicated libraries in Matlab/Simulink as well as in Saber. Some simulation results from the considered tools are presented for MW wind turbines. These simulation results focuses on fixed-speed and variable speed/pitch wind turbines. A good agreement with the real behaviour of these systems is obtained for each simulation tool. These models can easily be extended to model different kinds of wind turbines or large wind

  5. Modeling and Simulation of Matrix Converter

    DEFF Research Database (Denmark)

    Liu, Fu-rong; Klumpner, Christian; Blaabjerg, Frede

    2005-01-01

    This paper discusses the modeling and simulation of matrix converter. Two models of matrix converter are presented: one is based on indirect space vector modulation and the other is based on power balance equation. The basis of these two models is• given and the process on modeling is introduced...

  6. Modification of Core Model for KNTC 2 Simulator

    Energy Technology Data Exchange (ETDEWEB)

    Lee, Y.K.; Lee, J.G.; Park, J.E.; Bae, S.N.; Chin, H.C. [Korea Electric Power Research Institute, Taejeon (Korea, Republic of)

    1997-12-31

    KNTC 2 simulator was developed in 1986 referencing YGN 1. Since the YGN 1 has changed its fuel cycle to long term cycle(cycle 9), the data such as rod worth, boron worth, moderator temperature coefficient, and etc. of the simulator and those of the YGN 1 became different. To incorporate these changes into the simulator and make the simulator more close to the reference plant, core model upgrade became a necessity. During this research, core data for the simulator was newly generated using APA of the WH. And to make it easy tuning and verification of the key characteristics of the reactor model, PC-Based tool was also developed. And to facilitate later core model upgrade, two procedures-`the Procedures for core characteristic generation` and `the Procedures for core characteristic modification`-were also developed. (author). 16 refs., 22 figs., 1 tab.

  7. Peer influences on drug self-administration: an econometric analysis in socially housed rats.

    Science.gov (United States)

    Peitz, Geoffrey W; Strickland, Justin C; Pitts, Elizabeth G; Foley, Mark; Tonidandel, Scott; Smith, Mark A

    2013-04-01

    Social-learning theories of substance use propose that members of peer groups influence the drug use of other members by selectively modeling, reinforcing, and punishing either abstinence-related or drug-related behaviors. The objective of the present study was to examine the social influences on cocaine self-administration in isolated and socially housed rats, under conditions where the socially housed rats were tested simultaneously with their partner in the same chamber. To this end, male rats were obtained at weaning and housed in isolated or pair-housed conditions for 6 weeks. Rats were then implanted with intravenous catheters and cocaine self-administration was examined in custom-built operant conditioning chambers that allowed two rats to be tested simultaneously. For some socially housed subjects, both rats had simultaneous access to cocaine; for others, only one rat of the pair had access to cocaine. An econometric analysis was applied to the data, and the reinforcing strength of cocaine was measured by examining consumption (i.e. quantity demanded) and elasticity of demand as a function of price, which was manipulated by varying the dose and ratio requirements on a fixed ratio schedule of reinforcement. Cocaine consumption decreased as a function of price in all groups. Elasticity of demand did not vary across groups, but consumption was significantly lower in socially housed rats paired with a rat without access to cocaine. These data suggest that the presence of an abstaining peer decreases the reinforcing strength of cocaine, thus supporting the development of social interventions in drug abuse prevention and treatment programs.

  8. Modeling and simulation of the SDC data collection chip

    International Nuclear Information System (INIS)

    Hughes, E.; Haney, M.; Golin, E.; Jones, L.; Knapp, D.; Tharakan, G.; Downing, R.

    1992-01-01

    This paper describes modeling and simulation of the Data Collection Chip (DCC) design for the Solenoidal Detector Collaboration (SDC). Models of the DCC written in Verilog and VHDL are described, and results are presented. The models have been simulated to study queue depth requirements and to compare control feedback alternatives. Insight into the management of models and simulation tools is given. Finally, techniques useful in the design process for data acquisition systems are discussed

  9. HVDC System Characteristics and Simulation Models

    Energy Technology Data Exchange (ETDEWEB)

    Moon, S.I.; Han, B.M.; Jang, G.S. [Electric Enginnering and Science Research Institute, Seoul (Korea)

    2001-07-01

    This report deals with the AC-DC power system simulation method by PSS/E and EUROSTAG for the development of a strategy for the reliable operation of the Cheju-Haenam interconnected system. The simulation using both programs is performed to analyze HVDC simulation models. In addition, the control characteristics of the Cheju-Haenam HVDC system as well as Cheju AC system characteristics are described in this work. (author). 104 figs., 8 tabs.

  10. A revised econometric model of the domestic pallet market

    Science.gov (United States)

    Albert T. Schuler; Walter B. Wallin

    1983-01-01

    The purpose of this revised model is to project estimates of consumption and price of wooden pallets in the short term. This model differs from previous ones developed by Schuler and Wallin (1979 and 1980) in the following respects: The structure of the supply side of the market is more realistically identified (from an economic theory point of view) by including...

  11. An Econometric Model of Healthcare Demand With Nonlinear Pricing.

    Science.gov (United States)

    Kunz, Johannes S; Winkelmann, Rainer

    2017-06-01

    From 2004 to 2012, the German social health insurance levied a co-payment for the first doctor visit in a calendar quarter. We develop a new model for estimating the effect of such a co-payment on the individual number of visits per quarter. The model combines a one-time increase in the otherwise constant hazard rate determining the timing of doctor visits with a difference-in-differences strategy to identify the reform effect. An extended version of the model accounts for a mismatch between reporting period and calendar quarter. Using data from the German Socio-Economic Panel, we do not find an effect of the co-payment on demand for doctor visits. Copyright © 2016 John Wiley & Sons, Ltd. Copyright © 2016 John Wiley & Sons, Ltd.

  12. 后危机时期公允价值计量模式的应用分析%The Application of Fair Value Econometric Mode in Post-Crisis Era

    Institute of Scientific and Technical Information of China (English)

    吕玮

    2013-01-01

    In the collation and analysis process of accounting information, accounting measurement is the core of an accounting informa-tion calculation system. The computing method of fair value is more applicable to the modern accounting information system as it reflects a fair principle. As the most related measurement attribute to financial instruments, the superiority of the fair value econometric mode can better define assets and liabilities and raise the relativity of accounting information effectively. It is noticeable that under the context of a market economy, the financial accounting of the fair value econometric model has a few faults reflecting mainly by the poor reliability of in-formation quality, increasing the fluctuation of accounting statements. To solve the problems concerning the application of the fair value e-conometric model, efforts should be put into improving market order, disclosing financial information of fair value, and raising professional quality of accounting personnel and the quality of enterprise accounting statements.%在会计信息的整理和分析过程中,会计计量是会计信息计算系统的核心。公允价值的计算方法更加适合现代会计信息系统,公允价值的计量模式体现了公平原则。公允价值计量模式的优越性更能体现资产负债的定义,能够有效提高财务信息的相关性,公允价值是金融工具最相关的计量属性。需要注意的是在市场经济条件下,公允价值计量模式的会计核算仍然存在不少的缺陷,主要表现是信息质量可靠性差,会增加会计报表的波动性。改进公允价值计量模式使用中的问题,应完善市场秩序,加强对公允价值财务信息的披露,提高会计工作人员的业务素质,提升企业财务报表信息质量。

  13. Turbine modelling for real time simulators

    International Nuclear Information System (INIS)

    Oliveira Barroso, A.C. de; Araujo Filho, F. de

    1992-01-01

    A model for vapor turbines and its peripherals has been developed. All the important variables have been included and emphasis has been given for the computational efficiency to obtain a model able to simulate all the modeled equipment. (A.C.A.S.)

  14. A Framework for the Optimization of Discrete-Event Simulation Models

    Science.gov (United States)

    Joshi, B. D.; Unal, R.; White, N. H.; Morris, W. D.

    1996-01-01

    With the growing use of computer modeling and simulation, in all aspects of engineering, the scope of traditional optimization has to be extended to include simulation models. Some unique aspects have to be addressed while optimizing via stochastic simulation models. The optimization procedure has to explicitly account for the randomness inherent in the stochastic measures predicted by the model. This paper outlines a general purpose framework for optimization of terminating discrete-event simulation models. The methodology combines a chance constraint approach for problem formulation, together with standard statistical estimation and analyses techniques. The applicability of the optimization framework is illustrated by minimizing the operation and support resources of a launch vehicle, through a simulation model.

  15. Adoption and compliance in second-hand smoking bans: a global econometric analysis.

    Science.gov (United States)

    Perkins, Richard; Neumayer, Eric

    2014-10-01

    We examine the determinants governing both countries' enactment of smoking bans in public places and their ability to successfully put these bans into effect. Using a large sample (N = 99-184) of low-, middle- and high-income countries, econometric techniques are used to estimate the influence of several variables on cross-national variations in the adoption and compliance of second-hand smoke laws (2010). We find similarities in the determinants of adoption and compliance. Yet more notable are the differences, with several political economy factors which have a statistically significant influence on countries' level of compliance with existing smoke-free laws in public places found not to consistently influence their propensity to adopt bans in the first place. Possible explanations for this discrepancy are that governments are motivated to adopt smoking bans for reasons other than protecting the health of their citizens and that the real costs of smoking bans are predominantly borne at the compliance stage. More effort needs to be made to ensure that governments realize their existing policy commitments through effective enforcement of bans.

  16. Essays on model averaging and political economics

    NARCIS (Netherlands)

    Wang, W.

    2013-01-01

    This thesis first investigates various issues related with model averaging, and then evaluates two policies, i.e. West Development Drive in China and fiscal decentralization in U.S, using econometric tools. Chapter 2 proposes a hierarchical weighted least squares (HWALS) method to address multiple

  17. MASADA: A MODELING AND SIMULATION AUTOMATED DATA ANALYSIS FRAMEWORK FOR CONTINUOUS DATA-INTENSIVE VALIDATION OF SIMULATION MODELS

    CERN Document Server

    Foguelman, Daniel Jacob; The ATLAS collaboration

    2016-01-01

    Complex networked computer systems are usually subjected to upgrades and enhancements on a continuous basis. Modeling and simulation of such systems helps with guiding their engineering processes, in particular when testing candi- date design alternatives directly on the real system is not an option. Models are built and simulation exercises are run guided by specific research and/or design questions. A vast amount of operational conditions for the real system need to be assumed in order to focus on the relevant questions at hand. A typical boundary condition for computer systems is the exogenously imposed workload. Meanwhile, in typical projects huge amounts of monitoring information are logged and stored with the purpose of studying the system’s performance in search for improvements. Also research questions change as systems’ operational conditions vary throughout its lifetime. This context poses many challenges to determine the validity of simulation models. As the behavioral empirical base of the sys...

  18. MASADA: A Modeling and Simulation Automated Data Analysis framework for continuous data-intensive validation of simulation models

    CERN Document Server

    Foguelman, Daniel Jacob; The ATLAS collaboration

    2016-01-01

    Complex networked computer systems are usually subjected to upgrades and enhancements on a continuous basis. Modeling and simulation of such systems helps with guiding their engineering processes, in particular when testing candi- date design alternatives directly on the real system is not an option. Models are built and simulation exercises are run guided by specific research and/or design questions. A vast amount of operational conditions for the real system need to be assumed in order to focus on the relevant questions at hand. A typical boundary condition for computer systems is the exogenously imposed workload. Meanwhile, in typical projects huge amounts of monitoring information are logged and stored with the purpose of studying the system’s performance in search for improvements. Also research questions change as systems’ operational conditions vary throughout its lifetime. This context poses many challenges to determine the validity of simulation models. As the behavioral empirical base of the sys...

  19. Impact of reactive settler models on simulated WWTP performance

    DEFF Research Database (Denmark)

    Gernaey, Krist; Jeppsson, Ulf; Batstone, Damien J.

    2006-01-01

    for an ASM1 case study. Simulations with a whole plant model including the non-reactive Takacs settler model are used as a reference, and are compared to simulation results considering two reactive settler models. The first is a return sludge model block removing oxygen and a user-defined fraction of nitrate......, combined with a non-reactive Takacs settler. The second is a fully reactive ASM1 Takacs settler model. Simulations with the ASM1 reactive settler model predicted a 15.3% and 7.4% improvement of the simulated N removal performance, for constant (steady-state) and dynamic influent conditions respectively....... The oxygen/nitrate return sludge model block predicts a 10% improvement of N removal performance under dynamic conditions, and might be the better modelling option for ASM1 plants: it is computationally more efficient and it will not overrate the importance of decay processes in the settler....

  20. Application of Hidden Markov Models in Biomolecular Simulations.

    Science.gov (United States)

    Shukla, Saurabh; Shamsi, Zahra; Moffett, Alexander S; Selvam, Balaji; Shukla, Diwakar

    2017-01-01

    Hidden Markov models (HMMs) provide a framework to analyze large trajectories of biomolecular simulation datasets. HMMs decompose the conformational space of a biological molecule into finite number of states that interconvert among each other with certain rates. HMMs simplify long timescale trajectories for human comprehension, and allow comparison of simulations with experimental data. In this chapter, we provide an overview of building HMMs for analyzing bimolecular simulation datasets. We demonstrate the procedure for building a Hidden Markov model for Met-enkephalin peptide simulation dataset and compare the timescales of the process.

  1. Automobile simulation model and its identification. Behavior measuring by image processing; Jidosha simulation model to dotei jikken. Gazo kaiseki ni yoru undo no keisoku

    Energy Technology Data Exchange (ETDEWEB)

    Suzuki, H; Morita, S; Matsuura, Y [Osaka Sangyo University, Osaka (Japan)

    1997-10-01

    Model simulation technology is important for automobiles development. Especially, for the investigations concerning to ABS, TRC, VDC, and so on, the model should be the one which can simulates not only whole behaviors of the automobile, but also such internal information as torque, acceleration, and, velocity of each drive shafts, etc.. From this point of view, 4-wheels simulation model which can simulates almost over 50 items, was made. On the other hand, technique of 3-D image processing using 2 video cameras was adopted to identify the model. Considerably good coincidences were recognized between the simulated values and measured ones. 3 refs., 7 figs., 2 tabs.

  2. Some Econometric Results for the Blanchard-Watson Bubble Model

    DEFF Research Database (Denmark)

    Johansen, Soren; Lange, Theis

    The purpose of the present paper is to analyse a simple bubble model suggested by Blanchard and Watson. The model is defined by y(t) =s(t)¿y(t-1)+e(t), t=1,…,n, where s(t) is an i.i.d. binary variable with p=P(s(t)=1), independent of e(t) i.i.d. with mean zero and finite variance. We take ¿>1 so...

  3. Quantum Link Models and Quantum Simulation of Gauge Theories

    International Nuclear Information System (INIS)

    Wiese, U.J.

    2015-01-01

    This lecture is about Quantum Link Models and Quantum Simulation of Gauge Theories. The lecture consists out of 4 parts. The first part gives a brief history of Computing and Pioneers of Quantum Computing and Quantum Simulations of Quantum Spin Systems are introduced. The 2nd lecture is about High-Temperature Superconductors versus QCD, Wilson’s Lattice QCD and Abelian Quantum Link Models. The 3rd lecture deals with Quantum Simulators for Abelian Lattice Gauge Theories and Non-Abelian Quantum Link Models. The last part of the lecture discusses Quantum Simulators mimicking ‘Nuclear’ physics and the continuum limit of D-Theorie models. (nowak)

  4. Exact simulation of conditioned Wright-Fisher models.

    Science.gov (United States)

    Zhao, Lei; Lascoux, Martin; Waxman, David

    2014-12-21

    Forward and backward simulations play an increasing role in population genetics, in particular when inferring the relative importance of evolutionary forces. It is therefore important to develop fast and accurate simulation methods for general population genetics models. Here we present an exact simulation method that generates trajectories of an allele׳s frequency in a finite population, as described by a general Wright-Fisher model. The method generates conditioned trajectories that start from a known frequency at a known time, and which achieve a specific final frequency at a known final time. The simulation method applies irrespective of the smallness of the probability of the transition between the initial and final states, because it is not based on rejection of trajectories. We illustrate the method on several different populations where a Wright-Fisher model (or related) applies, namely (i) a locus with 2 alleles, that is subject to selection and mutation; (ii) a locus with 3 alleles, that is subject to selection; (iii) a locus in a metapopulation consisting of two subpopulations of finite size, that are subject to selection and migration. The simulation method allows the generation of conditioned trajectories that can be used for the purposes of visualisation, the estimation of summary statistics, and the development/testing of new inferential methods. The simulated trajectories provide a very simple approach to estimating quantities that cannot easily be expressed in terms of the transition matrix, and can be applied to finite Markov chains other than the Wright-Fisher model. Copyright © 2014 Elsevier Ltd. All rights reserved.

  5. MODELING SUSTAINABLE DEVELOPMENT OF THE ARCTIC REGION OF RUSSIA

    Directory of Open Access Journals (Sweden)

    K. N. Kikkas

    2015-01-01

    Full Text Available The article describes a model of six econometric equations, designed for the analysis of the sustainability of development in the Arctic region of the Russian Federation - Chukotka Autonomous Okrug. The article analyzes the spheres of human activity in the Chukchi Autonomous District: social, industrial, natural resources. Each sphere is estimated indicators. The theoretical views of various researchers on sustainable development and defi nes the concept of sustainable development of the spheres of human activity in the Arctic region. Under the sustainable development of the Arctic region of space refers to such changes in the indices of spheres of human activity in the region, which increase the potential for human development. The numerical value of the potential of human development is estimated Human Development Index. The article describes the methodological principles of constructing a model of six equations econometric analysis of the sustainable development of the Arctic region. Each of the six equations presented in the form of ADL-model, because it allows us to estimate the dependence of ADL values of the spheres of human activity in the region from the current and past values of the series of other indicators. Selected endogenous and exogenous variables for the model. We discuss the algorithm for fi nding the model parameters. On the basis of the Chukotka Autonomous Okrug are six coeffi cients of econometric equations. The analysis of the results of the decision model. Methodological principles and results of the decision model can be used to develop strategies for sustainable development of the municipality, a separate Arctic, or a combination of all the Arctic regions of Russia.

  6. An introduction to network modeling and simulation for the practicing engineer

    CERN Document Server

    Burbank, Jack; Ward, Jon

    2011-01-01

    This book provides the practicing engineer with a concise listing of commercial and open-source modeling and simulation tools currently available including examples of implementing those tools for solving specific Modeling and Simulation examples. Instead of focusing on the underlying theory of Modeling and Simulation and fundamental building blocks for custom simulations, this book compares platforms used in practice, and gives rules enabling the practicing engineer to utilize available Modeling and Simulation tools. This book will contain insights regarding common pitfalls in network Modeling and Simulation and practical methods for working engineers.

  7. Concurrent heterogeneous neural model simulation on real-time neuromimetic hardware.

    Science.gov (United States)

    Rast, Alexander; Galluppi, Francesco; Davies, Sergio; Plana, Luis; Patterson, Cameron; Sharp, Thomas; Lester, David; Furber, Steve

    2011-11-01

    Dedicated hardware is becoming increasingly essential to simulate emerging very-large-scale neural models. Equally, however, it needs to be able to support multiple models of the neural dynamics, possibly operating simultaneously within the same system. This may be necessary either to simulate large models with heterogeneous neural types, or to simplify simulation and analysis of detailed, complex models in a large simulation by isolating the new model to a small subpopulation of a larger overall network. The SpiNNaker neuromimetic chip is a dedicated neural processor able to support such heterogeneous simulations. Implementing these models on-chip uses an integrated library-based tool chain incorporating the emerging PyNN interface that allows a modeller to input a high-level description and use an automated process to generate an on-chip simulation. Simulations using both LIF and Izhikevich models demonstrate the ability of the SpiNNaker system to generate and simulate heterogeneous networks on-chip, while illustrating, through the network-scale effects of wavefront synchronisation and burst gating, methods that can provide effective behavioural abstractions for large-scale hardware modelling. SpiNNaker's asynchronous virtual architecture permits greater scope for model exploration, with scalable levels of functional and temporal abstraction, than conventional (or neuromorphic) computing platforms. The complete system illustrates a potential path to understanding the neural model of computation, by building (and breaking) neural models at various scales, connecting the blocks, then comparing them against the biology: computational cognitive neuroscience. Copyright © 2011 Elsevier Ltd. All rights reserved.

  8. The primary demand for beer in the Netherlands; an application of ARMAX model specification

    OpenAIRE

    Franses, Philip Hans

    1991-01-01

    textabstractThe central issue in the application of econometric and time series analysis (ETS) to market response models is the model-building process. The author proposes a specification strategy for ETS modeling and applies it to the primary demand for beer in The Netherlands.

  9. Simulation Modelling in Healthcare: An Umbrella Review of Systematic Literature Reviews.

    Science.gov (United States)

    Salleh, Syed; Thokala, Praveen; Brennan, Alan; Hughes, Ruby; Booth, Andrew

    2017-09-01

    Numerous studies examine simulation modelling in healthcare. These studies present a bewildering array of simulation techniques and applications, making it challenging to characterise the literature. The aim of this paper is to provide an overview of the level of activity of simulation modelling in healthcare and the key themes. We performed an umbrella review of systematic literature reviews of simulation modelling in healthcare. Searches were conducted of academic databases (JSTOR, Scopus, PubMed, IEEE, SAGE, ACM, Wiley Online Library, ScienceDirect) and grey literature sources, enhanced by citation searches. The articles were included if they performed a systematic review of simulation modelling techniques in healthcare. After quality assessment of all included articles, data were extracted on numbers of studies included in each review, types of applications, techniques used for simulation modelling, data sources and simulation software. The search strategy yielded a total of 117 potential articles. Following sifting, 37 heterogeneous reviews were included. Most reviews achieved moderate quality rating on a modified AMSTAR (A Measurement Tool used to Assess systematic Reviews) checklist. All the review articles described the types of applications used for simulation modelling; 15 reviews described techniques used for simulation modelling; three reviews described data sources used for simulation modelling; and six reviews described software used for simulation modelling. The remaining reviews either did not report or did not provide enough detail for the data to be extracted. Simulation modelling techniques have been used for a wide range of applications in healthcare, with a variety of software tools and data sources. The number of reviews published in recent years suggest an increased interest in simulation modelling in healthcare.

  10. Modeling and simulating industrial land-use evolution in Shanghai, China

    Science.gov (United States)

    Qiu, Rongxu; Xu, Wei; Zhang, John; Staenz, Karl

    2018-01-01

    This study proposes a cellular automata-based Industrial and Residential Land Use Competition Model to simulate the dynamic spatial transformation of industrial land use in Shanghai, China. In the proposed model, land development activities in a city are delineated as competitions among different land-use types. The Hedonic Land Pricing Model is adopted to implement the competition framework. To improve simulation results, the Land Price Agglomeration Model was devised to simulate and adjust classic land price theory. A new evolutionary algorithm-based parameter estimation method was devised in place of traditional methods. Simulation results show that the proposed model closely resembles actual land transformation patterns and the model can not only simulate land development, but also redevelopment processes in metropolitan areas.

  11. Analysis of the Automobile Market : Modeling the Long-Run Determinants of the Demand for Automobiles : Volume 1. The Wharton EFA Automobile Demand Model

    Science.gov (United States)

    1979-12-01

    An econometric model is developed which provides long-run policy analysis and forecasting of annual trends, for U.S. auto stock, new sales, and their composition by auto size-class. The concept of "desired" (equilibrium) stock is introduced. "Desired...

  12. Dynamic models of staged gasification processes. Documentation of gasification simulator; Dynamiske modeller a f trinopdelte forgasningsprocesser. Dokumentation til forgasser simulator

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2005-02-15

    In connection with the ERP project 'Dynamic modelling of staged gasification processes' a gasification simulator has been constructed. The simulator consists of: a mathematical model of the gasification process developed at Technical University of Denmark, a user interface programme, IGSS, and a communication interface between the two programmes. (BA)

  13. Intrafirm planning and mathematical modeling of owner's equity in industrial enterprises

    Science.gov (United States)

    Ponomareva, S. V.; Zheleznova, I. V.

    2018-05-01

    The article aims to review the different approaches to intrafirm planning of owner's equity in industrial enterprises. Since charter capital, additional capital and reserve capital do not change in the process of enterprise activity, the main interest lies on the field of share repurchases from shareholders and retained earnings within the owner's equity of the enterprise. In order to study the effect of share repurchases on the activities of the enterprise, let us use such mathematical methods as event study and econometric modeling. This article describes the step-by-step algorithm of carrying out event study and justifies the choice of Logit model in econometric analysis. The article represents basic results of conducted regression analysis on the effect of share repurchases on the key financial indicators in industrial enterprises.

  14. Surrogate model approach for improving the performance of reactive transport simulations

    Science.gov (United States)

    Jatnieks, Janis; De Lucia, Marco; Sips, Mike; Dransch, Doris

    2016-04-01

    Reactive transport models can serve a large number of important geoscientific applications involving underground resources in industry and scientific research. It is common for simulation of reactive transport to consist of at least two coupled simulation models. First is a hydrodynamics simulator that is responsible for simulating the flow of groundwaters and transport of solutes. Hydrodynamics simulators are well established technology and can be very efficient. When hydrodynamics simulations are performed without coupled geochemistry, their spatial geometries can span millions of elements even when running on desktop workstations. Second is a geochemical simulation model that is coupled to the hydrodynamics simulator. Geochemical simulation models are much more computationally costly. This is a problem that makes reactive transport simulations spanning millions of spatial elements very difficult to achieve. To address this problem we propose to replace the coupled geochemical simulation model with a surrogate model. A surrogate is a statistical model created to include only the necessary subset of simulator complexity for a particular scenario. To demonstrate the viability of such an approach we tested it on a popular reactive transport benchmark problem that involves 1D Calcite transport. This is a published benchmark problem (Kolditz, 2012) for simulation models and for this reason we use it to test the surrogate model approach. To do this we tried a number of statistical models available through the caret and DiceEval packages for R, to be used as surrogate models. These were trained on randomly sampled subset of the input-output data from the geochemical simulation model used in the original reactive transport simulation. For validation we use the surrogate model to predict the simulator output using the part of sampled input data that was not used for training the statistical model. For this scenario we find that the multivariate adaptive regression splines

  15. Model Estimates Of Gross Domestic Product In Relation to Export And Import Of Fuels, Focused on the Elasticity and Determination Of Directly and Indirectly Associated Rates

    Directory of Open Access Journals (Sweden)

    Gheorghe Săvoiu

    2016-03-01

    Full Text Available The article is based on several interrogative assumptions related to the positive impact of the crises and the recession on determinations in the econometric models of Romania’s GDP as a variable dependent in relation to the export and import of fuels. After a short introductory section, which details, in a relative manner, the overall goal and the objectives of the paper, a first section makes use of elasticity and the modern solutions of building the coefficient of elasticity, proposing an original alternative to existing variants, and afterwards the next section builds on these statistical tools in the econometric modeling of Romania’s GDP, starting from the ratios and value indicators and offering a few original models where the export and import of fuels are the key initial explanatory factors. The final remarks reinterpret the role of the energy resources, as well as that of the related flows, in enhancing statistical connections, and especially the role of crises and recessions in validating econometric models, by raising their degree of predictability.

  16. Selecting a dynamic simulation modeling method for health care delivery research-part 2: report of the ISPOR Dynamic Simulation Modeling Emerging Good Practices Task Force.

    Science.gov (United States)

    Marshall, Deborah A; Burgos-Liz, Lina; IJzerman, Maarten J; Crown, William; Padula, William V; Wong, Peter K; Pasupathy, Kalyan S; Higashi, Mitchell K; Osgood, Nathaniel D

    2015-03-01

    In a previous report, the ISPOR Task Force on Dynamic Simulation Modeling Applications in Health Care Delivery Research Emerging Good Practices introduced the fundamentals of dynamic simulation modeling and identified the types of health care delivery problems for which dynamic simulation modeling can be used more effectively than other modeling methods. The hierarchical relationship between the health care delivery system, providers, patients, and other stakeholders exhibits a level of complexity that ought to be captured using dynamic simulation modeling methods. As a tool to help researchers decide whether dynamic simulation modeling is an appropriate method for modeling the effects of an intervention on a health care system, we presented the System, Interactions, Multilevel, Understanding, Loops, Agents, Time, Emergence (SIMULATE) checklist consisting of eight elements. This report builds on the previous work, systematically comparing each of the three most commonly used dynamic simulation modeling methods-system dynamics, discrete-event simulation, and agent-based modeling. We review criteria for selecting the most suitable method depending on 1) the purpose-type of problem and research questions being investigated, 2) the object-scope of the model, and 3) the method to model the object to achieve the purpose. Finally, we provide guidance for emerging good practices for dynamic simulation modeling in the health sector, covering all aspects, from the engagement of decision makers in the model design through model maintenance and upkeep. We conclude by providing some recommendations about the application of these methods to add value to informed decision making, with an emphasis on stakeholder engagement, starting with the problem definition. Finally, we identify areas in which further methodological development will likely occur given the growing "volume, velocity and variety" and availability of "big data" to provide empirical evidence and techniques

  17. Distributed simulation a model driven engineering approach

    CERN Document Server

    Topçu, Okan; Oğuztüzün, Halit; Yilmaz, Levent

    2016-01-01

    Backed by substantive case studies, the novel approach to software engineering for distributed simulation outlined in this text demonstrates the potent synergies between model-driven techniques, simulation, intelligent agents, and computer systems development.

  18. Modelling energy demand of developing countries: Are the specific features adequately captured?

    International Nuclear Information System (INIS)

    Bhattacharyya, Subhes C.; Timilsina, Govinda R.

    2010-01-01

    This paper critically reviews existing energy demand forecasting methodologies highlighting the methodological diversities and developments over the past four decades in order to investigate whether the existing energy demand models are appropriate for capturing the specific features of developing countries. The study finds that two types of approaches, econometric and end-use accounting, are commonly used in the existing energy demand models. Although energy demand models have greatly evolved since the early seventies, key issues such as the poor-rich and urban-rural divides, traditional energy resources and differentiation between commercial and non-commercial energy commodities are often poorly reflected in these models. While the end-use energy accounting models with detailed sectoral representations produce more realistic projections as compared to the econometric models, they still suffer from huge data deficiencies especially in developing countries. Development and maintenance of more detailed energy databases, further development of models to better reflect developing country context and institutionalizing the modelling capacity in developing countries are the key requirements for energy demand modelling to deliver richer and more reliable input to policy formulation in developing countries.

  19. Modelling energy demand of developing countries: Are the specific features adequately captured?

    Energy Technology Data Exchange (ETDEWEB)

    Bhattacharyya, Subhes C. [CEPMLP, University of Dundee, Dundee DD1 4HN (United Kingdom); Timilsina, Govinda R. [Development Research Group, The World Bank, Washington DC (United States)

    2010-04-15

    This paper critically reviews existing energy demand forecasting methodologies highlighting the methodological diversities and developments over the past four decades in order to investigate whether the existing energy demand models are appropriate for capturing the specific features of developing countries. The study finds that two types of approaches, econometric and end-use accounting, are commonly used in the existing energy demand models. Although energy demand models have greatly evolved since the early seventies, key issues such as the poor-rich and urban-rural divides, traditional energy resources and differentiation between commercial and non-commercial energy commodities are often poorly reflected in these models. While the end-use energy accounting models with detailed sectoral representations produce more realistic projections as compared to the econometric models, they still suffer from huge data deficiencies especially in developing countries. Development and maintenance of more detailed energy databases, further development of models to better reflect developing country context and institutionalizing the modelling capacity in developing countries are the key requirements for energy demand modelling to deliver richer and more reliable input to policy formulation in developing countries. (author)

  20. Modeling and Simulation of Claus Unit Reaction Furnace

    Directory of Open Access Journals (Sweden)

    Maryam Pahlavan

    2016-01-01

    Full Text Available Reaction furnace is the most important part of the Claus sulfur recovery unit and its performance has a significant impact on the process efficiency. Too many reactions happen in the furnace and their kinetics and mechanisms are not completely understood; therefore, modeling reaction furnace is difficult and several works have been carried out on in this regard so far. Equilibrium models are commonly used to simulate the furnace, but the related literature states that the outlet of furnace is not in equilibrium and the furnace reactions are controlled by kinetic laws; therefore, in this study, the reaction furnace is simulated by a kinetic model. The predicted outlet temperature and concentrations by this model are compared with experimental data published in the literature and the data obtained by PROMAX V2.0 simulator. The results show that the accuracy of the proposed kinetic model and PROMAX simulator is almost similar, but the kinetic model used in this paper has two importance abilities. Firstly, it is a distributed model and can be used to obtain the temperature and concentration profiles along the furnace. Secondly, it is a dynamic model and can be used for analyzing the transient behavior and designing the control system.

  1. Modelling, simulation and validation of the industrial robot

    Directory of Open Access Journals (Sweden)

    Aleksandrov Slobodan Č.

    2014-01-01

    Full Text Available In this paper, a DH model of industrial robot, with anthropomorphic configuration and five degrees of freedom - Mitsubishi RV2AJ, is developed. The model is verified on the example robot Mitsubishi RV2AJ. In paper detailed represented the complete mathematical model of the robot and the parameters of the programming. On the basis of this model, simulation of robot motion from point to point is performed, as well as the continuous movement of the pre-defined path. Also, programming of industrial robots identical to simulation programs is made, and comparative analysis of real and simulated experiment is shown. In the final section, a detailed analysis of robot motion is described.

  2. Business Process Simulation: Requirements for Business and Resource Models

    Directory of Open Access Journals (Sweden)

    Audrius Rima

    2015-07-01

    Full Text Available The purpose of Business Process Model and Notation (BPMN is to provide easily understandable graphical representation of business process. Thus BPMN is widely used and applied in various areas one of them being a business process simulation. This paper addresses some BPMN model based business process simulation problems. The paper formulate requirements for business process and resource models in enabling their use for business process simulation.

  3. Modelling of thermalhydraulics and reactor physics in simulators

    International Nuclear Information System (INIS)

    Miettinen, J.

    1994-01-01

    The evolution of thermalhydraulic analysis methods for analysis and simulator purposes has brought closer the thermohydraulic models in both application areas. In large analysis codes like RELAP5, TRAC, CATHARE and ATHLET the accuracy for calculating complicated phenomena has been emphasized, but in spite of large development efforts many generic problems remain unsolved. For simulator purposes fast running codes have been developed and these include only limited assessment efforts. But these codes have more simulator friendly features than large codes, like portability and modular code structure. In this respect the simulator experiences with SMABRE code are discussed. Both large analysis codes and special simulator codes have their advances in simulator applications. The evolution of reactor physical calculation methods in simulator applications has started from simple point kinetic models. For analysis purposes accurate 1-D and 3-D codes have been developed being capable for fast and complicated transients. For simulator purposes capability for simulation of instruments has been emphasized, but the dynamic simulation capability has been less significant. The approaches for 3-dimensionality in simulators requires still quite much development, before the analysis accuracy is reached. (orig.) (8 refs., 2 figs., 2 tabs.)

  4. Analyzing Strategic Business Rules through Simulation Modeling

    Science.gov (United States)

    Orta, Elena; Ruiz, Mercedes; Toro, Miguel

    Service Oriented Architecture (SOA) holds promise for business agility since it allows business process to change to meet new customer demands or market needs without causing a cascade effect of changes in the underlying IT systems. Business rules are the instrument chosen to help business and IT to collaborate. In this paper, we propose the utilization of simulation models to model and simulate strategic business rules that are then disaggregated at different levels of an SOA architecture. Our proposal is aimed to help find a good configuration for strategic business objectives and IT parameters. The paper includes a case study where a simulation model is built to help business decision-making in a context where finding a good configuration for different business parameters and performance is too complex to analyze by trial and error.

  5. Selecting a Dynamic Simulation Modeling Method for Health Care Delivery Research—Part 2: Report of the ISPOR Dynamic Simulation Modeling Emerging Good Practices Task Force

    NARCIS (Netherlands)

    Marshall, Deborah A.; Burgos-Liz, Lina; IJzerman, Maarten Joost; Crown, William; Padula, William V.; Wong, Peter K.; Pasupathy, Kalyan S.; Higashi, Mitchell K.; Osgood, Nathaniel D.

    2015-01-01

    In a previous report, the ISPOR Task Force on Dynamic Simulation Modeling Applications in Health Care Delivery Research Emerging Good Practices introduced the fundamentals of dynamic simulation modeling and identified the types of health care delivery problems for which dynamic simulation modeling

  6. Beyond Modeling: All-Atom Olfactory Receptor Model Simulations

    Directory of Open Access Journals (Sweden)

    Peter C Lai

    2012-05-01

    Full Text Available Olfactory receptors (ORs are a type of GTP-binding protein-coupled receptor (GPCR. These receptors are responsible for mediating the sense of smell through their interaction with odor ligands. OR-odorant interactions marks the first step in the process that leads to olfaction. Computational studies on model OR structures can validate experimental functional studies as well as generate focused and novel hypotheses for further bench investigation by providing a view of these interactions at the molecular level. Here we have shown the specific advantages of simulating the dynamic environment that is associated with OR-odorant interactions. We present a rigorous methodology that ranges from the creation of a computationally-derived model of an olfactory receptor to simulating the interactions between an OR and an odorant molecule. Given the ubiquitous occurrence of GPCRs in the membranes of cells, we anticipate that our OR-developed methodology will serve as a model for the computational structural biology of all GPCRs.

  7. Wake modeling and simulation

    DEFF Research Database (Denmark)

    Larsen, Gunner Chr.; Madsen Aagaard, Helge; Larsen, Torben J.

    We present a consistent, physically based theory for the wake meandering phenomenon, which we consider of crucial importance for the overall description of wind turbine loadings in wind farms. In its present version the model is confined to single wake situations. The model philosophy does, howev...... methodology has been implemented in the aeroelastic code HAWC2, and example simulations of wake situations, from the small Tjæreborg wind farm, have been performed showing satisfactory agreement between predictions and measurements...

  8. Modeling of magnetic particle suspensions for simulations

    CERN Document Server

    Satoh, Akira

    2017-01-01

    The main objective of the book is to highlight the modeling of magnetic particles with different shapes and magnetic properties, to provide graduate students and young researchers information on the theoretical aspects and actual techniques for the treatment of magnetic particles in particle-based simulations. In simulation, we focus on the Monte Carlo, molecular dynamics, Brownian dynamics, lattice Boltzmann and stochastic rotation dynamics (multi-particle collision dynamics) methods. The latter two simulation methods can simulate both the particle motion and the ambient flow field simultaneously. In general, specialized knowledge can only be obtained in an effective manner under the supervision of an expert. The present book is written to play such a role for readers who wish to develop the skill of modeling magnetic particles and develop a computer simulation program using their own ability. This book is therefore a self-learning book for graduate students and young researchers. Armed with this knowledge,...

  9. A View on Future Building System Modeling and Simulation

    Energy Technology Data Exchange (ETDEWEB)

    Wetter, Michael

    2011-04-01

    This chapter presents what a future environment for building system modeling and simulation may look like. As buildings continue to require increased performance and better comfort, their energy and control systems are becoming more integrated and complex. We therefore focus in this chapter on the modeling, simulation and analysis of building energy and control systems. Such systems can be classified as heterogeneous systems because they involve multiple domains, such as thermodynamics, fluid dynamics, heat and mass transfer, electrical systems, control systems and communication systems. Also, they typically involve multiple temporal and spatial scales, and their evolution can be described by coupled differential equations, discrete equations and events. Modeling and simulating such systems requires a higher level of abstraction and modularisation to manage the increased complexity compared to what is used in today's building simulation programs. Therefore, the trend towards more integrated building systems is likely to be a driving force for changing the status quo of today's building simulation programs. Thischapter discusses evolving modeling requirements and outlines a path toward a future environment for modeling and simulation of heterogeneous building systems.A range of topics that would require many additional pages of discussion has been omitted. Examples include computational fluid dynamics for air and particle flow in and around buildings, people movement, daylight simulation, uncertainty propagation and optimisation methods for building design and controls. For different discussions and perspectives on the future of building modeling and simulation, we refer to Sahlin (2000), Augenbroe (2001) and Malkawi and Augenbroe (2004).

  10. Experimental Design for Sensitivity Analysis of Simulation Models

    NARCIS (Netherlands)

    Kleijnen, J.P.C.

    2001-01-01

    This introductory tutorial gives a survey on the use of statistical designs for what if-or sensitivity analysis in simulation.This analysis uses regression analysis to approximate the input/output transformation that is implied by the simulation model; the resulting regression model is also known as

  11. APROS 3-D core models for simulators and plant analyzers

    International Nuclear Information System (INIS)

    Puska, E.K.

    1999-01-01

    The 3-D core models of APROS simulation environment can be used in simulator and plant analyzer applications, as well as in safety analysis. The key feature of APROS models is that the same physical models can be used in all applications. For three-dimensional reactor cores the APROS models cover both quadratic BWR and PWR cores and the hexagonal lattice VVER-type cores. In APROS environment the user can select the number of flow channels in the core and either five- or six-equation thermal hydraulic model for these channels. The thermal hydraulic model and the channel description have a decisive effect on the calculation time of the 3-D core model and thus just these selection make at present the major difference between a safety analysis model and a training simulator model. The paper presents examples of various types of 3-D LWR-type core descriptions for simulator and plant analyzer use and discusses the differences of calculation speed and physical results between a typical safety analysis model description and a real-time simulator model description in transients. (author)

  12. Vehicle dynamics modeling and simulation

    CERN Document Server

    Schramm, Dieter; Bardini, Roberto

    2014-01-01

    The authors examine in detail the fundamentals and mathematical descriptions of the dynamics of automobiles. In this context different levels of complexity will be presented, starting with basic single-track models up to complex three-dimensional multi-body models. A particular focus is on the process of establishing mathematical models on the basis of real cars and the validation of simulation results. The methods presented are explained in detail by means of selected application scenarios.

  13. Modeling and simulation of the bioprocess with recirculation

    Directory of Open Access Journals (Sweden)

    Žerajić Stanko

    2007-01-01

    Full Text Available The bioprocess models with recirculation present an integration of the model of continuous bioreaction system and the model of separation system. The reaction bioprocess is integrated with separation the biomass, formed product, no consumed substrate or inhibitory substance. In this paper the simulation model of recirculation bioprocess was developed, which may be applied for increasing the biomass productivity and product biosynthesis increasing the conversion of a substrate-to-product, mixing efficiency and secondary C02 separation. The goal of the work is optimal bioprocess configuration, which is determined by simulation optimization. The optimal hemostat state was used as referent. Step-by-step simulation method is necessary because the initial bioprocess state is changing with recirculation in each step. The simulation experiment confirms that at the recirculation ratio a. = 0.275 and the concentration factor C = 4 the maximum glucose conversion to ethanol and at a dilution rate ten times larger.

  14. A Simulation and Modeling Framework for Space Situational Awareness

    International Nuclear Information System (INIS)

    Olivier, S.S.

    2008-01-01

    This paper describes the development and initial demonstration of a new, integrated modeling and simulation framework, encompassing the space situational awareness enterprise, for quantitatively assessing the benefit of specific sensor systems, technologies and data analysis techniques. The framework is based on a flexible, scalable architecture to enable efficient, physics-based simulation of the current SSA enterprise, and to accommodate future advancements in SSA systems. In particular, the code is designed to take advantage of massively parallel computer systems available, for example, at Lawrence Livermore National Laboratory. The details of the modeling and simulation framework are described, including hydrodynamic models of satellite intercept and debris generation, orbital propagation algorithms, radar cross section calculations, optical brightness calculations, generic radar system models, generic optical system models, specific Space Surveillance Network models, object detection algorithms, orbit determination algorithms, and visualization tools. The use of this integrated simulation and modeling framework on a specific scenario involving space debris is demonstrated

  15. Evaluation of articulation simulation system using artificial maxillectomy models.

    Science.gov (United States)

    Elbashti, M E; Hattori, M; Sumita, Y I; Taniguchi, H

    2015-09-01

    Acoustic evaluation is valuable for guiding the treatment of maxillofacial defects and determining the effectiveness of rehabilitation with an obturator prosthesis. Model simulations are important in terms of pre-surgical planning and pre- and post-operative speech function. This study aimed to evaluate the acoustic characteristics of voice generated by an articulation simulation system using a vocal tract model with or without artificial maxillectomy defects. More specifically, we aimed to establish a speech simulation system for maxillectomy defect models that both surgeons and maxillofacial prosthodontists can use in guiding treatment planning. Artificially simulated maxillectomy defects were prepared according to Aramany's classification (Classes I-VI) in a three-dimensional vocal tract plaster model of a subject uttering the vowel /a/. Formant and nasalance acoustic data were analysed using Computerized Speech Lab and the Nasometer, respectively. Formants and nasalance of simulated /a/ sounds were successfully detected and analysed. Values of Formants 1 and 2 for the non-defect model were 675.43 and 976.64 Hz, respectively. Median values of Formants 1 and 2 for the defect models were 634.36 and 1026.84 Hz, respectively. Nasalance was 11% in the non-defect model, whereas median nasalance was 28% in the defect models. The results suggest that an articulation simulation system can be used to help surgeons and maxillofacial prosthodontists to plan post-surgical defects that will be facilitate maxillofacial rehabilitation. © 2015 John Wiley & Sons Ltd.

  16. Mathematical model and simulations of radiation fluxes from buried radionuclides

    International Nuclear Information System (INIS)

    Ahmad Saat

    1999-01-01

    A mathematical model and a simple Monte Carlo simulations were developed to predict radiation fluxes from buried radionuclides. The model and simulations were applied to measured (experimental) data. The results of the mathematical model showed good acceptable order of magnitude agreement. A good agreement was also obtained between the simple simulations and the experimental results. Thus, knowing the radionuclide distribution profiles in soil from a core sample, it can be applied to the model or simulations to estimate the radiation fluxes emerging from the soil surface. (author)

  17. Facebook's personal page modelling and simulation

    Science.gov (United States)

    Sarlis, Apostolos S.; Sakas, Damianos P.; Vlachos, D. S.

    2015-02-01

    In this paper we will try to define the utility of Facebook's Personal Page marketing method. This tool that Facebook provides, is modelled and simulated using iThink in the context of a Facebook marketing agency. The paper has leveraged the system's dynamic paradigm to conduct Facebook marketing tools and methods modelling, using iThink™ system to implement them. It uses the design science research methodology for the proof of concept of the models and modelling processes. The following model has been developed for a social media marketing agent/company, Facebook platform oriented and tested in real circumstances. This model is finalized through a number of revisions and iterators of the design, development, simulation, testing and evaluation processes. The validity and usefulness of this Facebook marketing model for the day-to-day decision making are authenticated by the management of the company organization. Facebook's Personal Page method can be adjusted, depending on the situation, in order to maximize the total profit of the company which is to bring new customers, keep the interest of the old customers and deliver traffic to its website.

  18. Neural networks in economic modelling : An empirical study

    NARCIS (Netherlands)

    Verkooijen, W.J.H.

    1996-01-01

    This dissertation addresses the statistical aspects of neural networks and their usability for solving problems in economics and finance. Neural networks are discussed in a framework of modelling which is generally accepted in econometrics. Within this framework a neural network is regarded as a

  19. Essays on the economics and econometrics of human capital

    Science.gov (United States)

    Mosso, Stefano

    This thesis is composed by three distinct chapters. They are related by their common theme: the economic analysis of the process of human capital formation. The first chapter distills and extends the recent research on the economics of human development and social mobility. It critically analyzes the literature on the role of early life conditions in shaping multiple life skills with emphasis on the importance of critical and sensitive investments periods in influencing skill development. It develops economic models that rationalize the empirical evidence on treatment effects of social programs and on family influence. It investigates the empirical support of recent claims, made by part of the literature, on the relevance of credit constraints in limiting skill development. It shows how credit constraints are not a major force explaining differences in the amount of parental and self-investments in skills and how untargeted income transfer policies to poor families do not significantly boost child outcomes. The second chapter compares the performance of maximum likelihood and simulated methods of moments in estimating dynamic discrete choice models. It presents a structural model of education and shows how it can be used to estimate heterogeneous returns from schooling choices which account for their continuation values. Continuation values have a large impact on returns, but are ignored in the measures commonly used to assess the value of schooling choices. The estimates from the model are used to compute a synthetic dataset. This is used to assess the ability of maximum likelihood and simulated methods of moments to recover the model parameters. It finally proposes a Monte Carlo exercise to gain confidence on the performance of a simulated method of moments algorithm. The last chapter proposes a method to assess long run impacts on earnings of early interventions even in absence of long-term data collection on earnings histories for program participants. It

  20. Optical modeling and simulation of thin-film photovoltaic devices

    CERN Document Server

    Krc, Janez

    2013-01-01

    In wafer-based and thin-film photovoltaic (PV) devices, the management of light is a crucial aspect of optimization since trapping sunlight in active parts of PV devices is essential for efficient energy conversions. Optical modeling and simulation enable efficient analysis and optimization of the optical situation in optoelectronic and PV devices. Optical Modeling and Simulation of Thin-Film Photovoltaic Devices provides readers with a thorough guide to performing optical modeling and simulations of thin-film solar cells and PV modules. It offers insight on examples of existing optical models