Quantum entanglement helps in improving economic efficiency

Science.gov (United States)

Du, Jiangfeng; Ju, Chenyong; Li, Hui

2005-02-01

We propose an economic regulation approach based on quantum game theory for the government to reduce the abuses of oligopolistic competition. Theoretical analysis shows that this approach can help government improve the economic efficiency of the oligopolistic market, and help prevent monopoly due to incorrect information. These advantages are completely attributed to the quantum entanglement, a unique quantum mechanical character.

Energy efficiency and economic fallacies: a reply; and reply

International Nuclear Information System (INIS)

Brookes, L.G.; Grubb, M.

1992-01-01

The claim that a programme of energy efficiency improvements has nothing to offer to the solution of any problem of global warming is discussed. Some very important points not previously conceded by supporters of energy efficiency solutions to economic and environmental problems are considered, namely: first that when energy supply/price is the constraint on the level of economic activity, using energy more efficiently does not help to reduce total energy demand; and, second, that it has in practice been true that when energy supply/price is not the macroeconomic constraint, once again demand for energy is not reduced by more efficient use. (author)

Economic efficiency of brownfield regeneration: study of South Moravian projects

Directory of Open Access Journals (Sweden)

Jana Korytárová

2017-06-01

Full Text Available The objective of brownfield regeneration is to increase the attractiveness and value of individual sites to a level where they can compete directly with the construction of a greenfi eld project. The aim of this paper is to examine the economic efficiency of brownfield regeneration. By using CBA outputs, the contribution of socio-economic efficiency to the total efficiency of individual projects based on EBCR was investigated on the basis of a sample of 14 projects located in the South Moravian Region. Furthermore, the expected value of EBCR was simulated by using the Monte Carlo method. The results reveal that socio-economic efficiency contributes significantly to the overall efficiency of these projects and therefore cannot be neglected during their evaluation. At the end of the paper, future research directions in this area are outlined.

Energy technologies and energy efficiency in economic modelling

DEFF Research Database (Denmark)

Klinge Jacobsen, Henrik

1998-01-01

This paper discusses different approaches to incorporating energy technologies and technological development in energy-economic models. Technological development is a very important issue in long-term energy demand projections and in environmental analyses. Different assumptions on technological ...... of renewable energy and especially wind power will increase the rate of efficiency improvement. A technologically based model in this case indirectly makes the energy efficiency endogenous in the aggregate energy-economy model....... technological development. This paper examines the effect on aggregate energy efficiency of using technological models to describe a number of specific technologies and of incorporating these models in an economic model. Different effects from the technology representation are illustrated. Vintage effects...... illustrates the dependence of average efficiencies and productivity on capacity utilisation rates. In the long run regulation induced by environmental policies are also very important for the improvement of aggregate energy efficiency in the energy supply sector. A Danish policy to increase the share...

ECONOMIC EFFICIENCY OF DIFFERENT PROTECTION TREATMENTS IN APPLE PRODUCTION

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Vesna Tomaš

2015-06-01

Full Text Available Apple is the most represented fruit species in Croatia. Codling moth, Cydia pomonella L, is one of the most important apple pests whose population is growing from year to year. The aim of this study was to determine the economic effectiveness of four treatments against codling moth (1 - based on baculovirus; 2 - based on the group of synthetic pyrethroid; 3 - based on kaolin, 4 - control treatment, on the three apple varieties. The experiment was performed at the Agricultural Institute Osijek, Croatia, during three years (2012-2014. In order to analyze the results of apple production it was necessary to calculate production efficiency, labor productivity, and profitability of production. The results of the research of economic efficiency according to market prices treatment 1 and treatment 2 had economic coefficient above 1 with tendency of significant growth, while treatment 3 and 4 were uneconomical. The treatment 1showed advantage over the treatment 2 because of its positive effects on human health and biodiversity, as well as satisfactory economic efficiency.

Methodical Approach to Diagnostics of Efficiency of Production Economic Activity of an Enterprise

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Zhukov Andrii V.

2014-03-01

Full Text Available The article offers developments of a methodical approach to diagnostics of efficiency of production economic activity of an enterprise, which, unlike the existing ones, is realised through the following stages: analysis of the enterprise external environment; analysis of the enterprise internal environment; identification of components of efficiency of production economic activity for carrying out complex diagnostics by the following directions: efficiency of subsystems of the enterprise production economic activity, efficiency of use of separate types of resources and socio-economic efficiency; scorecard formation; study of tendencies of change of indicators; identification of cause-effect dependencies between the main components of efficiency for diagnosing reasons of its level; diagnosing deviations of indicator values from their optimal values; development of a managerial decision on preserving and increasing efficiency of production economic activity of the enterprise.

The Efficiency of Improvement of the Economic Security System of Ukraine

Directory of Open Access Journals (Sweden)

Klunko Nataliya S.

2017-09-01

Full Text Available An analysis of approaches to the formation of efficiency of ensuring economic security was carried out. The essence of economic security has been defined and its material base has been described. Threats to the economic security of Ukraine have been systematized and their structure analyzed. Both internal and external measures to prevent threats to the economic security of Ukraine have been allocated. Dynamics of the factors on which the economic security of Ukraine depends has been considered. It has been determined that the socio-economic development strategy formulated makes the country’s economic security system efficient. Two approaches to the strategic development of the Ukrainian economy have been allocated: enhancing competitiveness and integration into the international economic associations.

A dynamic optimization on economic energy efficiency in development: A numerical case of China

International Nuclear Information System (INIS)

Wang, Dong

2014-01-01

This paper is based on dynamic optimization methodology to investigate the economic energy efficiency issues in developing countries. The paper introduces some definitions about energy efficiency both in economics and physics, and establishes a quantitative way for measuring the economic energy efficiency. The linkage between economic energy efficiency, energy consumption and other macroeconomic variables is demonstrated primarily. Using the methodology of dynamic optimization, a maximum problem of economic energy efficiency over time, which is subjected to the extended Solow growth model and instantaneous investment rate, is modelled. In this model, the energy consumption is set as a control variable and the capital is regarded as a state variable. The analytic solutions can be derived and the diagrammatic analysis provides saddle-point equilibrium. A numerical simulation based on China is also presented; meanwhile, the optimal paths of investment and energy consumption can be drawn. The dynamic optimization encourages governments in developing countries to pursue higher economic energy efficiency by controlling the energy consumption and regulating the investment state as it can conserve energy without influencing the achievement of steady state in terms of Solow model. If that, a sustainable development will be achieved. - Highlights: • A new definition on economic energy efficiency is proposed mathematically. • A dynamic optimization modelling links economic energy efficiency with other macroeconomic variables in long run. • Economic energy efficiency is determined by capital stock level and energy consumption. • Energy saving is a key solution for improving economic energy efficiency

Selected Banks Economic Efficiency Indicators

Directory of Open Access Journals (Sweden)

Adam Szafarczyk

2007-04-01

Full Text Available There are a lot of economic efficiency indicators in theory. It is necessary to choice some of them for concrete purposes. ROA, ROE and C/I play important role due to last experience of polish banks.Cost to Income Ratio plays very important role affecting not only efficiency monitoring process in the banks but also becoming a very important target in strategy or finance plan. There are several methodological approaches to construct this index in detail. Results are differing due to implementing methodology. This article describes trends C/I concerning both polish and foreign banks. It is difficult to compare banks in emerging country and real giants in finance mature economies.

Life cycle and economic efficiency analysis: durable pavement markings.

Science.gov (United States)

2009-07-01

This project examined the life cycle and economic efficiency of two pavement marking : materials inlaid tape and thermoplastic to find the most economical product for specific : traffic and weather conditions. Six locations in the state of Ma...

DYNAMIC ECONOMIC EFFICIENCY IN THE SOUTH-WEST OLTENIA REGION

Directory of Open Access Journals (Sweden)

Laura Mariana Cismaş

2012-03-01

Full Text Available The structure of an economy is not and has never been permanent, it does not have a static character, but only a moment of stability of a system whose internal organization is, is therefore a dynamic process. In this sense, the ultimate goal of the analysis of structural changes is to highlight the phenomenon of economic efficiency in the complex process of economic growth during the cross in our country since 1990.Lisbon agenda have targeted the European Union to become the most competitive region until 2010.Ulterior this target strategy was complemented by growth and job creation, becoming the main way of creating a European competitiveness . In this context, public policy challenges identified in the national economies have become energy market liberalization, efficiency and diversification, regulation of the economic environment, innovation and technology transfer policies that contribute to a strategy of market leadership.Besides gross value added, labor productivity is also the medium of efficient use of labor.Growth achieved both national and regional level, may be related, in terms of human resource, or increase the number of employees, or a better use of existing employees work. That aecest aspect of a better use of existing staff employee makes labor productivity is a key element in the expression efficiency of economic performance. Understanding the forces governing labor productivity, and especially the accumulation of fixed capital, improving the institutional infrastructure to generate new technologies, is objectively necessary for the formulation of policies for economic growth.

Vacuum boilers developed heating surfaces technic and economic efficiency evaluation

Science.gov (United States)

Slobodina, E. N.; Mikhailov, A. G.; Semenov, B. A.

2018-01-01

The vacuum boilers as manufacturing proto types application analysis was carried out, the possible directions for the heating surfaces development are identified with a view to improving the energy efficiency. Economic characteristics to evaluate the vacuum boilers application efficiency (Net Discounted Income (NDI), Internal Rate of Return (IRR), Profitability Index (PI) and Payback Period) are represented. The given type boilers application technic and economic efficiency criteria were established. NDI changing curves depending on the finning coefficient and operating pressure were obtained as a result of the conducted calculation studies.

Measuring energy efficiency in economics: Shadow value approach

Science.gov (United States)

Khademvatani, Asgar

For decades, academic scholars and policy makers have commonly applied a simple average measure, energy intensity, for studying energy efficiency. In contrast, we introduce a distinctive marginal measure called energy shadow value (SV) for modeling energy efficiency drawn on economic theory. This thesis demonstrates energy SV advantages, conceptually and empirically, over the average measure recognizing marginal technical energy efficiency and unveiling allocative energy efficiency (energy SV to energy price). Using a dual profit function, the study illustrates how treating energy as quasi-fixed factor called quasi-fixed approach offers modeling advantages and is appropriate in developing an explicit model for energy efficiency. We address fallacies and misleading results using average measure and demonstrate energy SV advantage in inter- and intra-country energy efficiency comparison. Energy efficiency dynamics and determination of efficient allocation of energy use are shown through factors impacting energy SV: capital, technology, and environmental obligations. To validate the energy SV, we applied a dual restricted cost model using KLEM dataset for the 35 US sectors stretching from 1958 to 2000 and selected a sample of the four sectors. Following the empirical results, predicted wedges between energy price and the SV growth indicate a misallocation of energy use in stone, clay and glass (SCG) and communications (Com) sectors with more evidence in the SCG compared to the Com sector, showing overshoot in energy use relative to optimal paths and cost increases from sub-optimal energy use. The results show that energy productivity is a measure of technical efficiency and is void of information on the economic efficiency of energy use. Decomposing energy SV reveals that energy, capital and technology played key roles in energy SV increases helping to consider and analyze policy implications of energy efficiency improvement. Applying the marginal measure, we also

Interaction between Financial Intermediation Efficiency and Economic Growth

Directory of Open Access Journals (Sweden)

Milka Grbic

2016-12-01

Full Text Available Financial intermediaries have the key role in making a connection between savings and investments. Given the fact that an efficient transfer of savings into investments is made more difficult by transaction and information costs, financial intermediaries are specialized in minimizing the said costs per unit of invested capital. They are also trained to identify productive and innovative investment endeavors which contribute to the growth of real output. Real output growth is the basis for increasing the financial potential, which creates the basis for the development of financial intermediaries. In connection with that, apart from the analysis of the relevant factors making the process of the mobilization and transfer of savings more difficult, the theoretical models that put an emphasis on the relationship between the efficiency of financial intermediation and economic growth are discussed in the paper. The research results are indicative of the fact that the improvement in financial intermediaries’ business doing enables faster economic growth. Simultaneously, the growth of the economic activity increases the scope of the business operations conducted by financial intermediaries. Thanks to the effects of the economies of scale that contribute to a reduction in transaction and information costs, the efficiency of financial intermediations grows.

Economic Efficiency of Selected Financial System Institutions of Local Government

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Urszula Rabiej

2014-03-01

Full Text Available Functioning of local government units, as for as the economic sphere is concerned, is based on the financial law regulations. Those regulations aim at solving economic and social problems. The analysis of economic efficiency concerning implemented regulations is of particular importance for changing the EU’s attitude towards the influence, which EU has on functioning of the local governments. Implementing the local budgets, based on regulations which economic efficiency hasn’t been evaluated on the stage of legislation, may have a negative impact on local community and the economic situation of the country. Frequent changes of financial law cause actions, which financial effects cannot be predicted. What is more, those unstable regulations make it impossible to plan essential parts of a budget in a right way. That has a great importance in terms of correctness of long-term financial perspectives of the local government units.

THE MAIN APPROACHES TO THE DEFINITION OF ECONOMIC EFFICIENCY OF ENTERPRISES OF CONSTRUCTION INDUSTRY

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A. V. Dolgova

2015-01-01

Full Text Available The problem of ambiguous interpretation of the category of "efficiency". Taking into account the fact that economic efficiency is quite complex and multifaceted category, coupled with the economic laws and applies to all activities of the enterprise this figure is one of the essential characteristics of the processes occurring in industrial organizations. The lack of a generally accepted view among domestic and foreign economists regarding the essential part of the index of efficiency of activity of the industrial enterprise leads to the impossibility of its use for the management of processes. In the conditions of market economy, the task of economic evaluation res ults of the economic entity remains an important element of the research aspects of the company. Each new refinement of recorded knowledge acts as a stimulus for the development of fundamental knowledge categories. One of the Central in the system of economic categories, in our opinion, is indicated for the effective functioning of the enterprise." Precise formulation of the conceptual framework, criteria-based composition have important theoretical value to justify the subject of any research conducted in the conditions of modern economic development of the global space. The definition of criteria and performance indicators, as well as developing sound economic policies of improving the economic mechanism of enterprise depend on a comprehensive study of the essence of economic efficiency of industrial enterprises of the industry. The article examines the main approaches to the definition of economic efficiency, as well as identify the degree of relation of the category of "efficiency" with other economic categories. The author suggested that the characteristics of the essence of economic efficiency, adequate to the task of functioning and development of enterprises in the construction industry.

The Essence and Efficiency Criteria of the Contemporary Economic Systems

Directory of Open Access Journals (Sweden)

Demydiuk Olga O

2017-02-01

Full Text Available The article generalizes and systematizes the basic scientific approaches to the definition of the category of «economic system». The author’s own definition of the contemporary economic systems as highly complex dynamic structures, characterized by the organizational heterogeneous integrity, ability to selforganization and self-development, which occur under the influence of both external and internal factors, has been proposed. The basic efficiency criteria of functioning and development of the contemporary economic systems were generalized and systematized. Some practical recommendations for improving efficiency of the economic system of Ukraine have been elaborated. In particular, the emphasis was made on the need to pay special attention to countering corruption, the illegal economic manifestations of the shadow economy, overcoming resistance by the special interest groups, which are not interested in any radical market-oriented transformations, since they lose their quasi-rent received as a result of activities of the inefficient institutions.

The Waldo County project: A partnership for energy efficient economic development

International Nuclear Information System (INIS)

Baston, D.C.

1990-01-01

In April 1988, the state of Maine designated four economically disadvantaged areas as Job Opportunity Zones. An interministerial initiative was put into place to improve the economic situation of these regions and to attract high quality jobs. One of these, Waldo County, formed part of the service territory of Central Maine Power. In May 1988, that utility asked the Alliance to Save Energy to recommend means for aligning its energy efficiency program with the state's economic improvement program in order to bring about effective economic growth in Waldo County. The utility is in the process of adopting all of the energy efficiency measures recommended by the Alliance. The utility's program in this respect is focused on support for existing small businesses in the county. In most of these businesses, the largest component of their electric bill is for lighting. A pilot program to retrofit modern energy-efficient lighting will install state-of-the-art equipment such as electronic ballasts and compact fluorescents without cost to the customer. This program will provide substantial savings to existing businesses and provide efficiency savings to the utility. Marketing of commercial and residential energy management programs is also being intensified. Energy management assistance is also given to new businesses; this assistance includes financial incentives to install energy efficient equipment

Economic efficiency of application of solar window

Science.gov (United States)

Shapoval, Stepan

2017-12-01

Priority and qualitatively new direction in the fuel and energy sector is renewable energy. This paper describes a feasibility study of using solar window in the system of solar heat supply. The article presents literature data about the effectiveness of the use of solar systems in other countries. The results confirm a sufficient efficiency of solar heat supply with using solar Windows. Insights based on practical experience and mathematical calculations, which are aimed at a detailed explanation of economic efficiency of the proposed construction.

Economic and environmental impacts of community-based residential building energy efficiency investment

International Nuclear Information System (INIS)

Choi, Jun-Ki; Morrison, Drew; Hallinan, Kevin P.; Brecha, Robert J.

2014-01-01

A systematic framework for evaluating the local economic and environmental impacts of investment in building energy efficiency is developed. Historical residential building energy data, community-wide economic input–output data, and emission intensity data are utilized. The aim of this study is to show the comprehensive insights and connection among achieving variable target reductions for a residential building energy use, economic and environmental impacts. Central to this approach for the building energy reduction goal is the creation of individual energy models for each building based upon historical energy data and available building data. From these models, savings estimates and cost implications can be estimated for various conservation measures. A ‘worst to first’ (WF) energy efficient investment strategy is adopted to optimize the level of various direct, indirect, and induced economic impacts on the local community. This evaluation helps to illumine opportunities to establish specific energy reduction targets having greatest economic impact in the community. From an environmental perspective, short term economy-wide CO 2 emissions increase because of the increased community-wide economic activities spurred by the production and installation of energy efficiency measures, however the resulting energy savings provide continuous CO 2 reduction for various target savings. - Highlights: • WF energy efficient strategy helps to optimize various level of economic impacts. • Greatest community benefits are achieved from specific energy reduction targets. • Community-wide economic impacts vary for different energy conservation measures

Does energy efficiency improve technological change and economic growth in developing countries?

International Nuclear Information System (INIS)

Cantore, Nicola; Calì, Massimiliano; Velde, Dirk Willem te

2016-01-01

Does a trade-off exist between energy efficiency and economic growth? This question underlies some of the tensions between economic and environmental policies, especially in developing countries that often need to expand their industrial base to grow. This paper contributes to the debate by analyzing the relationship between energy efficiency and economic performance at the micro- (total factor productivity) and macro-level (countries' economic growth). It uses data on a large sample of manufacturing firms across 29 developing countries to find that lower levels of energy intensity are associated with higher total factor productivity for the majority of these countries. The results are robust to a variety of checks. Suggestive cross-country evidence points towards the same relation measured at the macro-level as well. - Highlights: •Total factor productivity is an accurate proxy of technological change. •Energy efficiency triggers total factor productivity especially in manufacturing. •Technological change via energy efficiency in manufacturing is an engine of growth.

Urban liveability versus economic efficiency

DEFF Research Database (Denmark)

Farné Fratini, Chiara; Jensen, Jens Stissing

2013-01-01

development. Against this agenda a national strategy is currently being enforced which addresses water as a context-independent functional sector. This agenda operates with a narrow definition of economic efficiency in service provision through a benchmarking system focusing only on technical performances...... addresses the infrastructure as a discrete system - thus pushing for one-way influence of the infrastructure to the cityscape - the place based innovation agenda has traditionally been more inclusive towards the context specific priorities of urban planners. In this paper we apply the arena of development...

The Economic Efficiency of Financial Markets

Science.gov (United States)

Wang, Yougui

In this paper, we investigate the economic efficiency of markets and specify its applicability to financial markets. The statistical expressions of supply and demand of a market are formulated in terms of willingness prices. By introducing probability of realized exchange, we also formulate the realized market surplus. It can be proved that only when the market is in equilibrium the realized surplus can reach its maximum value. The market efficiency can be measured by the ratio of realized surplus to its maximum value. For a financial market, the market participants are composed of two groups: producers and speculators. The former brings the surplus into the market and the latter provides liquidity to make them realized.

Industrial policy, production efficiency improvement and the Chinese county economic growth

Directory of Open Access Journals (Sweden)

Wang Zhenhua

2016-12-01

Full Text Available This study aims at analyzing the difference in the level of economic development between China’s counties from the two perspectives of industrial policy and production efficiency. Based on panel data of 1830 Chinese counties, this study employs the new classical economic growth theory framework to analyze the counties’ economic growth by the perpetual inventory method, Malmquist index, among others. The results show that the economy of the counties exhibits δ convergence since 2004, and the absolute differences in the different counties are expanding. Industrial policy ensures the additional deepening of the level of capital in the county. Additionally, a substantial difference was observed between the agricultural sector and the non-agricultural sector, whereby the total factor productivity and the technical efficiency are on the rise, resulting in the phenomenon of dual paths of technological progress. In summary, the capital deepening difference between the sectors, production efficiency, and dual paths of technological progress owing to the counties’ industrial policy are the basic reasons for the regional differences in the level of economic development in China.

The economic impacts of energy efficiency

International Nuclear Information System (INIS)

Jean, R.

1990-01-01

Hydro Quebec's energy efficiency initiatives are reviewed and the economic benefits it expects to garner from such programs are described. Energy efficiency programs affect the cost of supplying electricity, and rates usually rise during the early years and are subsequently offset by the benefits the program generates. Energy efficiency programs should allow Hydro Quebec to avoid $6 billion in expenditures for electricity supply, while entailing contributions of $1.4 billion for the efficiency measures. Evaluation of the potential for efficiency has allowed Hydro Quebec to set a target of 12.9 TWh/y in 1999 on a potential estimated at 18% of regular sales in Quebec in 1989, namely 23.3 TWh. Customers, who contribute $1.4 billion of their own funds to efficiency programs will realize savings of $3.2 billion. Hydro Quebec programs insist strongly on replacement of appliances and motors of all sorts, and in the residential sector, purchases of slightly less than $0.5 billion will consist of electric lamps (3%), water heaters (2.4%), insulation products (32%), hardware (2.5%), and various electric appliances (33%). In the commercial sector, expenditures will be higher, reaching ca $650 million. These are allocated to purchases of electric lamps (18%), heating equipment (12%), insulation products (24%), street lighting (4%), and various electric devices such as controls (39%). 2 figs., 4 tabs

Efficiency and economics of hydrogen delivery

International Nuclear Information System (INIS)

Liu, Y.; Bharadwaj, R.; Balan, C.; Garces, L.; Smith, D.

2003-01-01

The viability and penetration of fuel cell based electricity production will be mainly determined by the efficient, cost effective production and delivery of hydrogen. This study focuses on the transportation efficiency and cost of hydrogen delivery for both centrally produced hydrogen as well as electricity scenarios. The efficiency and economics of energy delivery depend on the quantity of energy to be transported and transportation distance. Energy delivery models were developed for Hydrogen delivery as compressed gas or cryogenic liquid using truck or pipeline. For comparison, models were also developed for high voltage AC electricity transmission. Major parameters that influence the performance of the energy transmission systems under normal operating conditions were modeled. The models use energy transported and delivery distance as independent variables. The results were validated against similar reports, government surveys and other publications. Energy delivery efficiency and costs were used to compare and evaluate the different delivery options. Effect of uncertainty and sensitivity of parameters on modeling results were also studied. The systems were compared on an equivalent basis. The analysis also identifies the trade-offs for electricity transmission and electrolysis application at the point of use for Hydrogen delivery. These results provide a consistent framework for evaluation of delivery options on energy efficiency basis. (author)

Government expenditure, efficiency and economic growth: a panel ...

African Journals Online (AJOL)

Finally Generalized Methods of Moments (GMM) is applied to answer the two research questions. The results demonstrate that increasing government expenditure accelerates economic growth of low income countries in Sub Saharan Africa. However, when government expenditure is interacted with government efficiency ...

Economic efficiency among small scale poultry farmers in Imo State ...

African Journals Online (AJOL)

... household size and extension, were found to be the significant factors that account for the observed variation in efficiency among the small scale poultry farmers. Keywords: economic efficiency, small scale poultry farmers, stochastic frontier production model. International Journal of Agriculture and Rural Development Vol.

Economic Efficiency and Investment Implementation in Energy Saving Projects

Directory of Open Access Journals (Sweden)

Venelin Terziev

2017-09-01

Full Text Available Investment in building thermoinsulation is a subject to appraisal for efficiency from the position of discounted cash flows taken specifically by energy saving. The appraisal of investment as optimal is attended by achieving the shortest term for investment implementation, the lowest investment outlays, the maximum total net value of energy savings, the shortest investment payback period. The complex application of the dynamic methods for appraising economic efficiency of an investment – net present value, internal rate of return, profitability index and discounted payback period, involves drawing of particular values which comparison definitely will show if this kind of investment is practically “attractive”. However, the question for significance weight of each of these indicators above in decision making for implementation a particular real investment still remains unsolved. This requires working out a system of criteria, priorities that can determine which of the indicators for economic efficiency of specific investment project will have the highest significance.

Energy efficiency, sustainability and economic growth

International Nuclear Information System (INIS)

Ayres, Robert U.; Turton, Hal; Casten, Tom

2007-01-01

This paper explores two linked theses related to the role energy in economic development, and potential sources of increased energy efficiency for continued growth with reduced greenhouse gas (GHG) emissions. The first thesis is that, while reduced GHG emissions are essential for long-term global sustainability, the usual policy recommendation of increasing energy costs by introducing a carbon tax may be relatively ineffective under current market structures and have an unnecessarily adverse impact on economic growth. Our second thesis is that there exists a practical near-term strategy for reducing GHG emissions while simultaneously encouraging continued technology-driven economic growth. Moreover, this strategy does not require radical new technologies, but rather improved regulation or-more precisely-better deregulation of the electric power sector. In respect to the first of our two theses, this paper addresses a deficiency in neoclassical economic growth theory, in which growth is assumed to be automatic, inevitable and cost-free. We challenge both the assumption that growth will continue in the future at essentially the same rate ('the trend') as it has in the past, and the corollary that our children's children will inevitably be richer and better able to afford the cost of repairing the environmental damages caused by current generations [Simon et al., The state of humanity. Cambridge MA: Blackwell Publishers Ltd.; 1995

Unitary assessment of economical efficiency of the energy resources for electricity production in Romania

International Nuclear Information System (INIS)

Luca, Gheorghe

2004-01-01

In our country, within the studies, on which the development strategies of power output are based on, the assessment of the economical efficiency of the use of two main energetic resources, the fuel used in cogeneration thermal power plants and the water used in hydropower plants respectively, was made in compliance with non-unitary specific norms. In contradiction with the degree of utilization of hydroelectric resources, realized all over the world in the developed countries (80-90%) resulted that in our country, where the degree of utilization is only 40%, the use of hydroelectric potential is not yet justified from technical-economical point of view. This anomaly was determined by the cause of non-unitary assessment of the economic efficiency for the cogeneration thermo-power plants and hydropower plants. This paper presents comparatively the elements, which were to the basis of the assessment of the economic efficiency for two types of electrical power plants, and one presents a proposal in the aim to perform a unitary assessment of the economical efficiency by applying efficiently the laws in force. (author)

Defining the economic essence of definition «providing efficiency»

OpenAIRE

Kovalchyk, Olena Arnoldivna

2011-01-01

In paper the main approaches to defining the economic essence of the category of «efficiency» is analyzed. The existing conceptual approach to the term «providing» is investigated. The own point of view on the interpretation of definition «providing efficiency» is given.

CONTRIBUTIONS OF MICROFINANCE INSTITUTIONS TO ECONOMIC EFFICIENCY OF CASSAVA FARMERS IN ABIA STATE, NIGERIA

Directory of Open Access Journals (Sweden)

Kingsley Chukwuemeka OBIKE

2014-10-01

Full Text Available The study examined contributions of microfinance institutions to economic efficiency of cassava farmers in Abia state, Nigeria. A multistage random sampling technique was adopted in collecting cross sectional data on a sample size of 240 respondents (120 MFI beneficiaries and 120 non beneficiaries. Primary Data was collected by administering questionnaire on cassava farmers. The result showed that economic efficiency of MFI beneficiaries was influenced by wage rate, price of fertilizer and adjusted Y (output, while wage rate, price of fertilizer and price of cassava cutting s are variables that influenced economic efficiency of non beneficiaries. The t – test analysis confirmed that MFI beneficiaries had higher economic efficiency advantage compared with non beneficiaries. It is recommended that government agricultural policy should take positive steps to reduce interest rate to encourage MFI efforts in providing the necessary platform to encourage higher efficiency in cassava production in Abia state, Nigeria.

Expansion of environmental impact assessment for eco-efficiency evaluation of China's economic sectors: An economic input-output based frontier approach.

Science.gov (United States)

Xing, Zhencheng; Wang, Jigan; Zhang, Jie

2018-09-01

Due to the increasing environmental burdens caused by dramatic economic expansion, eco-efficiency indicating how efficient the economic activity is with respect to its environmental impacts has become a topic of considerable interest in China. In this context, Economic Input-output Life Cycle Assessment (EIO-LCA) and Data Envelopment Analysis (DEA) are combined to assess the environmental impacts and eco-efficiency of China's 26 economic sectors. The EIO-LCA results indicate that Electricity Production and Supply sector is the largest net exporter in energy usage, CO 2 emission and exhaust emission categories, while Construction sector is the largest net importer for five impact categories except for water withdrawal. Moreover, Construction sector is found to be the destination of the largest sector-to-sector environmental impact flows for the five impact categories and make the most contributions to the total environmental impacts. Another key finding is that Agriculture sector is both the largest net exporter and the greatest contributor for water withdrawal category. DEA results indicate that seven sectors are eco-efficient while over 70% of China's economic sectors are inefficient and require significant improvements. The average target improvements range between 23.30% and 35.06% depending on the impact category. Further sensitivity analysis reveals that the average sensitivity ratios vary from 7.7% to 15.7% among the six impact categories, which are found to be negatively correlated with their improvement potentials. Finally, several policy recommendations are made to mitigate environmental impacts of China's economic sectors and improve their eco-efficiency levels. Copyright © 2018 Elsevier B.V. All rights reserved.

Economic efficiency in fish farming: hope for agro-allied industries in Niagara

Science.gov (United States)

Kareem, R. O.; Dipeolu, A. O.; Aromolaran, A. B.; Williams, S. B.

2008-02-01

The challenge to increase the efficiency in food production level in Nigeria appears to be more urgent now than it has ever been in the history of the country. This is in view of the rapidly increasing population, the imminent decline in international economic and food aid and the need to conserve foreign exchange earnings through the production of raw materials to feed the growing industrial sector calls for urgent attention. The study was carried out in Ogun State. The descriptive statistics was used to determine the socio-economic characteristics of the respondents. The stochastic frontiers production analysis was applied to estimate the technical, allocative efficiency and economic efficiency among the fish farmers in the state. The results of economic efficiency revealed that fish farming is economically efficient with a range of between 55% and 84% efficiency level suggesting a favourable hope for the agro-allied industry such as poultry and cottage industries etc in the state. The result of hypothesis of inefficiency sources models showed that years of experience of fish farmers is significant at 1% probability level indicating the factor contributing to the fish farming experience in the state. Thus, the efficiency is due to the fact that farmers are experienced and fairly educated. On the basis of findings, policy is suggested to be directed towards the encouragement of entrepreneurs in fish farming in the state by providing enabling environment like credit facilities, public enlightenment programme and provision of social amenities like feeder roads, pipe-born water etc and given the fact that an increase in the level of formal education variable leads to less inefficiency, government policy should be focused on adopting the best technology (e.g. fast growing species and equipment) so as to improve the level of efficiency and investment which shall eventually lead to growth in output of fish farming and a lead to the establishment of agro

Life cycle and economic efficiency analysis phase II : durable pavement markings.

Science.gov (United States)

2011-04-01

This report details the Phase II analysis of the life cycle and economic efficiency of inlaid tape : and thermoplastic. Waterborne paint was included as a non-durable for comparison purposes : only. In order to find the most economical product for sp...

Determining Factors for Economic Efficiency in the Organic Olive Oil Sector

Directory of Open Access Journals (Sweden)

Enrique Bernal Jurado

2017-05-01

Full Text Available Spain looms large worldwide in organic olive oil production. However, this productive potential contrasts with the low internal consumption of the product. This situation makes Spain a world leader in its export. Companies in this sector have clear deficiencies, which must be corrected to ensure their survival over time. In this context, the aim of this study is to analyse the level of efficiency, in economic terms, of organic olive oil producers and to identify the factors explaining the best organizational practices. To do so, Data Envelopment Analysis (DEA and Qualitative Comparative Analysis (QCA have been used. The results reveal low levels of economic efficiency and the variables determining said efficiency.

The Economics of Ecosystems: Efficiency, Sustainability and Equity in Ecosystem Management

NARCIS (Netherlands)

Hein, L.G.

2010-01-01

The Economics of Ecosystems demonstrates how the concepts of economic efficiency, sustainability and equity can be applied in ecosystem management. The book presents an overview of these three key concepts, a framework for their analysis and modelling and three case studies. Specific attention is

Technical Efficiency and Port Competition: Revisiting the Bohai Economic Rim, China

Directory of Open Access Journals (Sweden)

Grace Wang

2012-12-01

Full Text Available The Bohai Economic Rim plays an important role in supporting China’s economic growth. For this research, we selected nine main ports in the region to study whether intra-port competition or corporatization would improve efficiency. Using a panel fixed effect model and stochastic frontier model, we found that the technical efficiency of selected ports is significantly influenced by the time of the initial public offering than by regional competition. The results are supportive and encouraging for policy makers to move toward the decentralized port governance in China.

Economic innovation and efficiency gains as the driving force for accelerating carbon dioxide emissions

Science.gov (United States)

Garrett, T. J.

2012-12-01

It is normally assumed that gains in energy efficiency are one of the best routes that society has available to it for stabilizing future carbon dioxide emissions. For a given degree of economic productivity less energy is consumed and a smaller quantity of fossil fuels is required. While certainly this observation is true in the instant, it ignores feedbacks in the economic system such that efficiency gains ultimately lead to greater energy consumption: taken as a global whole, they permit civilization to accelerate its expansion into the energy reserves that sustain it. Here this argument is formalized from a general thermodynamic perspective. The core result is that there exists a fixed, time-independent link between a very general representation of global inflation-adjusted economic wealth (units currency) and civilization's total capacity to consume power (units energy per time). Based on 40 years of available statistics covering more than a tripling of global GDP and a doubling of wealth, this constant has a value of 7.1 +/- 0.01 Watts per one thousand 2005 US dollars. Essentially, wealth is power. Civilization grows by dissipating power in order to sustain all its current activities and to incorporate more raw material into its existing structure. Growth of its structure is related to economic production, so more energy efficient economic production facilitates growth. Growth is into the reserves that sustain civilization, in which case there is a positive feedback in the economic system whereby energy efficiency gains ultimately "backfire" if their intended purpose is to reduce energy consumption and carbon dioxide emissions. The analogy that can be made is to a growing child: a healthy child who efficiently incorporates food into her structure grows quickly and is able to consume more in following years. Economically, an argument is made that, for a range of reasons, there are good reasons to refer to efficiency gains as economic "innovation", both for

Energy efficiency: Key to solving economic, environmental problems

International Nuclear Information System (INIS)

Flanigan, T.

1991-01-01

Energy efficiency can boost economic development and competitiveness, maximize capital productivity, improve environmental quality, and guarantee lasting energy security. Each of these benefits is reason enough, but collectively they form an imperative for action. The energy future must be based on cultural development, not the wanton growth that has served as an indicator of success in the past. Energy efficiency provides not only technical fixes, regulatory innovation, and a host of new financing methods, it also provides a template - a model - for a resource-efficiency ethic congruent with the notion of respecting the rights of future citizens. The good news is that the authors now know how to check environmental despoliation caused by an unquenchable thirst for energy resources. Existing energy-efficiency opportunities allow them to redefine the national energy strategy and take account of the environment and the future

Economic efficiency of solar hot water policy in New Zealand

International Nuclear Information System (INIS)

Gillingham, Kenneth

2009-01-01

New Zealand has recently followed the path of several other countries in promoting solar hot water (SHW) systems in the effort to reduce greenhouse gas emissions, yet the economic efficiency of large-scale policies to encourage SHW remains a pressing question for policymakers. This paper develops an economic framework to examine policies to promote SHW in New Zealand, including the current information, training, and subsidy policy. The economic framework points to environmental, energy security, and average-cost electricity retail pricing market failures as motivation for SHW policy, with the global climate change externality the most important of these. The results indicate that domestic SHW systems are close to being financially attractive from a consumer perspective, but a more substantial subsidy policy would be necessary for SHW to appeal to a wider audience. Such a policy is far more likely to have positive net benefits than a policy of mandating SHW on all homes or all new homes in New Zealand, and could be justified on economic efficiency grounds under reasonable assumptions. However, this result reverses under an economy-wide carbon trading system that internalizes the environmental externality.

Efficient Use of Terrestrial Economic Services: A Case Study in South Korea

Science.gov (United States)

Nguyen, T. T.; Tenhunen, J.; Hoang, V. N.; Koellner, T.; Shin, H.; Pham, V. D.; Seo, B.

2012-04-01

Understanding the linkages between social and ecological systems is crucial for managing potential responses to global change. Agricultural production requires resources, is determined by ecological processes, and results in economic goods and services for society. However, production leads at the same time to both positive and negative externalities. The externalities can be enhanced or mitigated by human behavior in management, which is mainly driven by expectations related to economic gains and losses. Ecological and economic processes are interrelated, and continuously interact in a complex manner. Therefore, understanding potential economic gains and losses in response to global change is a fundamental consideration in order to carry out well-informed decision-making. The International Research and Training Group TERRECO at the University of Bayreuth has intensively investigated ecological systems and processes in forested and agricultural landscapes as well as at regional scale in South Korea. These ongoing efforts provide a unique opportunity to examine the economic gains, losses and trade-offs that may occur with future climate and land-use change. Within this framework, we first investigated the environmental and economic efficiency of rice farms in Kangwon Province of South Korea, since rice is the most important food crop in this country. We then expanded our analysis to include dry farm highland vegetable crops in an intensively farmed region of the country, Haean Catchment. Our main objectives are (1) to categorize different types of farms, (2) determine their economic and environmental efficiency, and (3) to determine the trade-offs that occur in economic and environmental efficiencies under alternative management schemes and alternative climate regimes. Our preliminary analysis for rice farms yielded several important findings. First, both the production cost and environmental pollution by rice farms could be reduced significantly. Improvements in

Operational safety performance and economical efficiency evaluation for nuclear power plants

International Nuclear Information System (INIS)

Liu Yachun; Zou Shuliang

2012-01-01

The economical efficiency of nuclear power includes a series of environmental parameters, for example, cleanliness. Nuclear security is the precondition and guarantee for its economy, and both are the direct embodiment of the social benefits of nuclear power. Through analyzing the supervision and management system on the effective operation of nuclear power plants, which has been put forward by the International Atomic Energy Agency (IAEA), the World Association of Nuclear Operators (WANO), the U.S. Nuclear Regulatory Commission (NRC), and other organizations, a set of indexs on the safety performance and economical efficiency of nuclear power are explored and established; Based on data envelopment analysis, a DEA approach is employed to evaluate the efficiency of the operation performance of several nuclear power plants, Some primary conclusion are achieved on the basis of analyzing the threshold parameter's sensitivity and relativity which affected operational performance. To address the conflicts between certain security and economical indicators, a multi-objective programming model is established, where top priority is given to nuclear safety, and the investment behavior of nuclear power plant is thereby optimized. (authors)

The assessment of risk management system’s economic efficiency in retail banking

OpenAIRE

Cvilikas, Aurelijus; Paužuolis, Vaidas

2014-01-01

The banking risk management is always a relevant topic in financial sector’s academic literature, but the detailed analysis of current studies showed that there is a lack of studies in risk management’s economic efficiency assessment in retail banking, where the risk management system’s administration cost may be a significant part of total credit institution’s cost. The scientific problem of this article is: how the economic efficiency of retail banking risk management system could be ...

ECONOMIC EFFICIENCY IN TOMATOES PRODUCTION IN GREENHOUSES

Directory of Open Access Journals (Sweden)

A POPESCU

2003-07-01

Full Text Available This study aimed to appreciate the evolution of economic efficiency in tomatoes production in greenhouses within a private firm situated next to the capital. The firm owns 4 ha greenhouses and the weight of tomatoes crop in the cultivated area is just 38.75 %. In fact, during the last three years, the tomatoes cultivated surface has been diminished in favour of flowers production which, like tomatoes production is an important income source for any producer. The reduction of the tomatoes cultivated area was compensated by the increase of intensification grade using new high performance hybrids and modern technologies. Thus, the scientific production management has been looking for maintaining the total production at the same level from a year to another by an increased average tomatoes yield by 53.33 % . The continuous increase of farm input price has doubled the cost per surface unit and increased the cost per tomatoes kilogram by 33 %. The increase of tomatoes demand and of market price by 31 % have had a positive influence on the farm incomes which has doubled during the last three years. In the year 2000, the company has obtained USD 41,818 income/ha of which subtracting the related production cost we can easily get USD 4,815 profit/ha. The average profit rate recorded by the firm is 13 % in the period 2000-2002, when the study was made. As a conclusion, tomatoes production in greenhouses is a good deal. To keep a high economic efficiency, under the diminishing of the cultivated area, the producers have to increase average tomatoes production by using high performance technology based on high economic value hybrids.

Energy efficiency / economic in agroecosystems; Eficiencia energetica/economica em agroecossistemas

Energy Technology Data Exchange (ETDEWEB)

Almeida, Luis Carlos Ferreira de; Bueno, Osmar de Carvalho; Esperancini, Maura Seiko Tsutui [Universidade Estadual Paulista Julio de Mesquita Filho (FCA/UNESP), Botucatu, SP (Brazil). Fac. de Ciencias Agronomicas

2010-07-01

The energy and economic evaluation of agroecosystems is important in the sense of appraise as maintainable these can be so much of the point of view energy as economic. The objective of the present paper was to show, starting from a case study, the construction of an indicator of energy/economic efficiency, whose results for four existent systems of corn production in the study area presented indexes that varied between 22.4 and 31.6. Of the reading of those values was possible to evaluate that all of the appraised systems show sustainability of long and short term. The proposed indicator if it shows solid in the agroecosystems appreciation concerning the analysis of your energy/economic sustainability. (author)

Practical Validation of Economic Efficiency Modelling Method for Multi-Boiler Heating System

Directory of Open Access Journals (Sweden)

Aleksejs Jurenoks

2017-12-01

Full Text Available In up-to-date conditions information technology is frequently associated with the modelling process, using computer technology as well as information networks. Statistical modelling is one of the most widespread methods of research of economic systems. The selection of methods of modelling of the economic systems depends on a great number of conditions of the researched system. Modelling is frequently associated with the factor of uncertainty (or risk, who’s description goes outside the confines of the traditional statistical modelling, which, in its turn, complicates the modelling which, in its turn, complicates the modelling process. This article describes the modelling process of assessing the economic efficiency of a multi-boiler adaptive heating system in real-time systems which allows for dynamic change in the operation scenarios of system service installations while enhancing the economic efficiency of the system in consideration.

On the economics of technology diffusion and energy efficiency

International Nuclear Information System (INIS)

Mulder, P.

2003-01-01

Energy is an essential factor that fuels economic growth and serves human well-being. World energy use has grown enormously since the middle of the 19th century. This increase in the scale of energy demand comes at a certain price, including environmental externalities, such as the enhanced greenhouse effect. Notwithstanding the need for renewable energy sources, these environmental problems also necessitate further improvements in energy efficiency. Technological change plays a crucial role in realizing energy efficiency improvements and, hence, in ameliorating the conflict between economic growth and environmental quality. At the same time, it is known that not only innovation, but also diffusion of new technologies is a costly and lengthy process, and that many firms do not invest in best-practice technologies. This study aims to contribute to a better understanding of the inter. play between economic growth, energy use and technological change, with much emphasis on the adoption and diffusion of energy-saving technologies. The thesis presents a mix of theoretical and empirical analyses inspired by recent developments in economic theorizing on technological change that stress the role of accumulation and distribution of knowledge (learning), uncertainty, path dependency and irreversibility. The theoretical part of the study examines how several characteristics of technological change as well as environmental policy affect the dynamics of technology choice. The empirical part of the study explores long-run trends in energy- and labour productivity performance across a range of OECD countries at a detailed sectoral level

Economic efficiency of e-learning in higher education: An industrial approach

Directory of Open Access Journals (Sweden)

Jordi Vilaseca

2008-07-01

Full Text Available Little work has been yet done to analyse if e-learning is an efficiency way in economic terms to produce higher education, especially because there are not available data in official statistics. Despite of these important constrains, this paper aims to contribute to the study of economic efficiency of e-learning through the analysis of a sample of e-learning universities during a period of time (1997-2002. We have wanted to obtain some empirical evidence to understand if e-learning is a feasible model of providing education for universities and which are the variables that allow for feasibility attainment. The main findings are: 1 that the rise of the number of students enrolled is consistent with increasing labour productivity rates; 2 that cost labour savings are explained by the improvement of universities’ economic efficiency (or total factor productivity; and 3 that improvement of total factor productivity in e-learning production is due to the attainment of scale economies, but also to two organisational innovations: outsourcing processes that leads to the increase of variable costs consistent with decreasing marginal costs, and the sharing of assets’ control and use that allow for a rise in assets rotation.

Studies Concerning the Economic Efficiency and Quality of the Vegetal Sausages

Directory of Open Access Journals (Sweden)

Claudiu Dan Salagean

2014-05-01

Full Text Available The purpose of performed research aimed to establish the influence of protein supplements on the quality and economic efficiency in the processing of a certain semi-smoked sausage assortment using two experimental processing technologies: with 3% soy protein derivatives as supplements and 100% soy protein derivatives as vegetal raw materials. The results revealed that, from an economical point of view, the vegetal processing technology (with exclusively vegetal raw materials was more efficiently than the supplemented processing technology (with protein derivatives as supplements and from qualitatively point of view, the obtained values have been in accordance with the in force STAS-es.

Economic analysis of Brazilian policies for energy efficient electric motors

International Nuclear Information System (INIS)

Andrade, Cássio Tersandro de Castro; Pontes, Ricardo Silva Thé

2017-01-01

Brazil is leading several energy efficiency initiatives and has ambitious goals for 2030, according to the Brazilian National Energy Plan 2030. One of the main initiatives is the minimum efficiency performance standards (MEPS) program for energy-driven equipment and the electric motors appear as the most significant one (49% share of the total electricity consumption). The MEPS levels set new grades for efficiency, and then manufacturers and consumers have to conform to the new products and costs. Policy makers have to economically assess the effects of these MEPS in order to maintain the market stability. Since the benefits of this program come from future energy savings, this cost-effective analysis has to consider the parameters uncertainty and the results should reinforce the market players’ confidence. Thus, the goal of this work is, first, to analyze the economic viability of the MEPS transitions in Brazil considering the uncertainty of the parameters involved and then, to estimate the effects of this program on the energy savings goals for 2030. At the end, we also verify whether this investment in energy efficiency is competitive with other forms of investments in energy. - Highlights: • A cost-effectiveness method with uncertainty for efficiency program is presented. • Savings from electric motors MEPS program makes the 2030 Brazilian goals possible. • Electric motors MEPS program cost-effectiveness in Brazil is confirmed. • Saved energy cost from efficiency improvement is a competitive energy investment.

A data envelope analysis to assess factors affecting technical and economic efficiency of individual broiler breeder hens.

Science.gov (United States)

Romero, L F; Zuidhof, M J; Jeffrey, S R; Naeima, A; Renema, R A; Robinson, F E

2010-08-01

This study evaluated the effect of feed allocation and energetic efficiency on technical and economic efficiency of broiler breeder hens using the data envelope analysis methodology and quantified the effect of variables affecting technical efficiency. A total of 288 Ross 708 pullets were placed in individual cages at 16 wk of age and assigned to 1 of 4 feed allocation groups. Three of them had feed allocated on a group basis with divergent BW targets: standard, high (standard x 1.1), and low (standard x 0.9). The fourth group had feed allocated on an individual bird basis following the standard BW target. Birds were classified in 3 energetic efficiency categories: low, average, and high, based on estimated maintenance requirements. Technical efficiency considered saleable chicks as output and cumulative ME intake and time as inputs. Economic efficiency of feed allocation treatments was analyzed under different cost scenarios. Birds with low feed allocation exhibited a lower technical efficiency (69.4%) than standard (72.1%), which reflected a reduced egg production rate. Feed allocation of the high treatment could have been reduced by 10% with the same chick production as the standard treatment. The low treatment exhibited reduced economic efficiency at greater capital costs, whereas high had reduced economic efficiency at greater feed costs. The average energetic efficiency hens had a lower technical efficiency in the low compared with the standard feed allocation. A 1% increment in estimated maintenance requirement changed technical efficiency by -0.23%, whereas a 1% increment in ME intake had a -0.47% effect. The negative relationship between technical efficiency and ME intake was counterbalanced by a positive correlation of ME intake and egg production. The negative relationship of technical efficiency and maintenance requirements was synergized by a negative correlation of hen maintenance and egg production. Economic efficiency methodologies are effective

Economic efficiency of extensive livestock production in the European Union

Directory of Open Access Journals (Sweden)

Nastić Lana

2017-01-01

Full Text Available Various types of extensive livestock production are present worldwide, primarily in regions where natural resources such as pastures and meadows could be used. Extensive livestock production is common in the EU, as well. Therefore the goal of this research was to establish economic efficiency of extensive livestock production types and to compare their efficiency with some intensive livestock production types. In order to achieve that goal FADN (Farm Accountancy Data Network methodology was used. Source of information was FADN database as well as appropriate sector analysis and publications of European commission. It has been determined that sheep and goat production is competitive with intensive production types (dairy and granivores - pigs and poultry. Cattle production (other than dairy production proved to be economically inefficient due to low output level.

Efficiency improvement for a sustainable agriculture : the integration of agronomic and farm economics approaches

NARCIS (Netherlands)

Koeijer, de T.J.

2002-01-01

Keywords: Sustainable farming systems, Agronomic efficiency, Economic efficiency, Environmental efficiency, Sustainability index, Interdisciplinary analysis.

The objective of the research described in this thesis was to determine what role improved agronomic efficiency can play in

ECONOMIC EFFICIENCY OF VARIOUS QUEEN BEES MAINTENANCE SYSTEMS

Directory of Open Access Journals (Sweden)

A POPESCU

2003-10-01

Full Text Available The modern queens maintenance systems are based on the use of artificial insemination, queens’ maintenance in the so called „queens bank” , in this way assuring an increased economic efficiency in beekeeping. This study aimed to compare the economic efficiency of the implementation of A.I. to various queen bees maintenance systems. Three alternatives have been taken into account: V1-a queen bee in a cage together with her bees, V2- a queen bank system and V3 – a queen bee in a nucleus. For each queen bee maintenance alternative have been evaluated the most important indicators such as: expenses, incomes, profit, number of marketable inseminated and selected queen bees, honey production, cost/queen, revenue/queen, profit/queen, profit rate. The most effective alternative was the queen bank system assuring 2,400 marketable queen bees and 20 kg honey delivered yearly, USD 12,442 incomes, USD 3,400 expenses, USD 9,042 profit, that is USD 3.77/queen bee and 265.72 % profit rate under the condition as A.I. costs are just USD 1,058, representing 31.1 % of total queen bees maintenance costs.

Implementing energy efficient pavements: A socio-economic analysis of the development and implementation of energy efficient pavements with low rolling resistance

DEFF Research Database (Denmark)

Axelsen, Christian; Pettinari, Matteo; Schmidt, Bjarne

2017-01-01

for the transportation sector is to make road networks more energy efficient by implementing pavements with low rolling resistance, leading to lower fuel consumption. Through a series of projects focusing on reducing rolling resistance conducted since 2010, the Danish Road Directorate (DRD) has developed a durable......, energy-efficient asphalt pavement. Socio-economic analyses conducted to quantify the benefit to society associated with implementing these asphalt pavements have demonstrated very high benefits. The demonstrated results in terms of durability, energy efficiency and socio-economics have resulted...... in substantial government funding being provided for demonstration trials on 50 kilometers of energy-efficient pavement in 2018. The implementation of energy-efficient pavements will enable Denmark to contribute to the out-of-quota 2030-emission cuts in line with EU regulations....

Increasing the Economical Efficiency and Sustainability of Indoor Fish Farming by Means of Aquaponics - Review

Directory of Open Access Journals (Sweden)

Flavius Blidariu

2011-10-01

Full Text Available This review focuses on increasing economical efficiency and sustainability of indoor fish farming. Aspects like sustainability and economical efficiency were reviewed. In order to improve man`s health we must reconsider the agricultural sciences, by this we understand that we must develop technologies friendly for the environment. Sustainable indoor fish farming is the farming of the new millennium. Combining aquaculture with hydroponics we obtain a new innovation named aquaponics which respects principles of sustainable agriculture (wastewater biofiltration by plants and gives us the possibility to increase economical efficiency with an additional production (organic vegetables.

Economic Efficiency, Allen / Uzama and Morishima Elasticities of Smallholder Agriculture In Dedza District, Malawi

Directory of Open Access Journals (Sweden)

Assa MAGANGA

2013-06-01

Full Text Available This paper is an attempt to measure the economic efficiency of Dedza smallholder Irish potato (Solanum tuberosum farmers in Malawi using a translog cost frontier, inefficiency effect model and input Elasticities from Seeming Unrelated Regression Model for asystem of cost share equations for labour, fertilizer, seed and land. A sample of 200 farmers has been considered from Dedza district in Malawi. Results indicate that the mean economic efficiency of Irish potato production in Dedza District is 0.61 with scores ranging between 0.12 and 0.94. The economic efficiency differences are significantly explained by non-farm employment, education, credit access, farm experience, degree of specialization, household size and frequency of weeding. The highest input substitution existed between labour and fertilizer, followed by seedfertilizer.

Build, renovate and invest economically - Efficiency and economic viability in harmony

International Nuclear Information System (INIS)

Meier, R.; Beck, M.; Previdoli, P.

2002-01-01

This book presents 13 papers that provide the latest know-how on energy economics in the building area. The authors show the importance of information and knowledge transfer when using new energy technologies. The topics covered include the role of the Swiss research programme on energy economy fundamentals, indicator systems for sustainability factors and energy characteristics of buildings. Also a discussion of the question 'rebuild or renovate', as well a series of articles about low-flow mechanical ventilation and the marketing of low-energy consumption building concepts are presented. Further articles cover the marketing of thermal solar systems as well as technology dissemination and monitoring. Also, the marginal costs of energy efficiency measures and the potential for energy savings and environmental management in trade and industry are discussed. Finally, two papers deal with the application of Swiss SIA building standards as well as technical developments and energy efficiency in the building and renovation areas

EXPRESSION OF THE TRANSPORT SECTOR OPERATIONAL EFFICIENCY EVALUATION METHODOLOGY (TRENDS AT DIFFERENT STAGES OF THE ECONOMIC CYCLE

Directory of Open Access Journals (Sweden)

Deimena KIYAK

2017-12-01

Full Text Available It is important to evaluate the impact of economic fluctuations on the transport sector operational efficiency, since such an analysis is a source of economic information which contributes to the identification of the sector's potential and advantages, the establishment of the risky areas of activity, and the exploration of the opportunities to increase its effectiveness. The aim of the study was to apply mathematical evaluation methods to the exploration of the operational efficiency of the Lithuanian transport sector companies and, based on the outcomes, to validate the opportunity of predicting a potential change of the economic cycle. The operational efficiency of the Lithuanian transport sector was analysed in the context of the cyclical national economy, and not in individual economic boom or recession periods, as that allowed for more detailed evaluation of the specific activities of the sector and its impact on Lithuanian economy. To achieve the aim, three different stages of the economic cycle in Lithuania were identified, and calculations were made during them. Based on the aggregate financial data, four different economic efficiency indicators were developed that reflected the efficiency level of the entire transport sector, and the sensitivity of the transport sector to economic fluctuations was identified. The comparison of the changes in the transport sector and in Lithuanian economy made it obvious that the level of the sector's operational efficiency could be regarded as a leading indicator of the economic cycle.

Analysis of economic efficiency in cocoa production in Ghana ...

African Journals Online (AJOL)

The main purpose of this study was to analyze the economic efficiency of resource utilization in cocoa production of the cocoa farmers in Ghana to provide information for effective application and management of farm inputs on cocoa farms and policy recommendation. A random sample of 300 farmers in the Eastern, Ashanti ...

Economic efficiency of cocoa production in Ghana | Aneani | Journal ...

African Journals Online (AJOL)

The main purpose of this study was to analyze the economic efficiency of resource utilization in cocoa production among cocoa farmers in Ghana to provide information for effective application and management of farm input on cocoa farms. A random sample of 300 farmers was selected in six cocoa growing districts in ...

Discussion on Boiler Efficiency Correction Method with Low Temperature Economizer-Air Heater System

Science.gov (United States)

Ke, Liu; Xing-sen, Yang; Fan-jun, Hou; Zhi-hong, Hu

2017-05-01

This paper pointed out that it is wrong to take the outlet flue gas temperature of low temperature economizer as exhaust gas temperature in boiler efficiency calculation based on GB10184-1988. What’s more, this paper proposed a new correction method, which decomposed low temperature economizer-air heater system into two hypothetical parts of air preheater and pre condensed water heater and take the outlet equivalent gas temperature of air preheater as exhaust gas temperature in boiler efficiency calculation. This method makes the boiler efficiency calculation more concise, with no air heater correction. It has a positive reference value to deal with this kind of problem correctly.

The economic efficiency of allowing longer combination vehicles in Texas.

Science.gov (United States)

2011-08-01

This paper shows the economic efficiency of allowing longer combination vehicles in Texas. First, an : overview of the truck size and weight policies is explained, with an emphasis on those that affect : Texas. Next, LCV operations in other countries...

ANALYSIS OF ECONOMIC EFFICIENCY IN BROILERS FATTENING

Directory of Open Access Journals (Sweden)

L. SABAU

2009-05-01

Full Text Available The paper aimed to analyze economic efficiency in broilers fattening . In this purpose , the study was carried out at Breading Prod Commercial Company, Giarmata, Timis County . The economic and financial results of two series of broilers fattening have been comparatively analyzed based on the following specific indicators variable costs ( one day chicken supply , medicines, disinfectants , veterinary services , straw bed, feeding, fuels, electricity , watering , labor force , fixed costs ( rent, interest, fixed assets depreciation , communication and other taxes , total production costs , cost per marketed broiler, cost per square meter , cost per kg live weight , gross margin , incomes ( incomes coming from marketed broilers and subsidies , profit, profit rate , profit per marketed broiler, profit per square meter, profit per kg live weight , costs to 1,000 incomes and incomes to 1,000 costs. This comparison proved that the higher the chickens series size , the higher costs and incomes . The both fatenning series have profitable but the series S2 registered lower financial performances .

Efficiency, equity or disagreement? The economics of international carbon abatement negotiations

International Nuclear Information System (INIS)

Mabey, N.; Smith, C.

1995-01-01

The current international effort to reduce greenhouse gas emissions, as embodied in the Framework Convention on Climate Change, is often criticized as inefficient by economists because it uses uniform targets instead of more theoretically efficient instruments such as international taxes. However, the effectiveness of any international treaty in producing environmental benefits is not wholly dependent on its economic efficiency but also on its political stability and the ability to accurately monitor and enforce its conditions. Stability depends on the magnitude and distribution of costs and benefits between countries which have heterogeneous economies, environmental damages, trading partners and abatement costs. The distribution of costs between countries will also depend on the type of policy instrument used to coordinate international abatement efforts. This paper analyses trade-offs that must be made when negotiating international agreements in order to balance the need for administrative convenience and economic efficiency with the realization that any agreement is better than no agreement

The economics of energy efficiency for the poor--a South African case study

International Nuclear Information System (INIS)

Spalding-Fecher, Randall; Clark, Alix; Davis, Mark; Simmonds, Gillian

2002-01-01

South Africa's Reconstruction and Development Programme set ambitious goals for providing basic services to all, including housing and electrification. More efficient use of energy has the potential to socially and politically support these goals, particularly when it is targeted at low-income communities lacking adequate energy services. This paper examines the economics of energy efficiency for the urban poor from the perspective of society, utilities and poor consumers, using five example programmes. While the five energy efficiency programmes generally have significant economic and environmental benefits from a social perspective, they may not be as attractive to utilities and consumers. Also examined are the policy options for overcoming the significant barriers to energy efficiency, and ways government can bridge the gap between what is good for society and what is good for the electricity industry

Economic Reforms and Cost Efficiency of Coffee Farmers in Central ...

African Journals Online (AJOL)

We, therefore, conclude that small-holder-based agricultural development policy is still relevant and an efficient mode of organising production in Kenya, even after the major institutional and economic changes brought about market liberalisation. The pursuit of small-holder-based agricultural development, however, calls ...

Economic Efficiency Assessment of Autonomous Wind/Diesel/Hydrogen Systems in Russia

Directory of Open Access Journals (Sweden)

O. V. Marchenko

2013-01-01

Full Text Available The economic efficiency of harnessing wind energy in the autonomous power systems of Russia is analyzed. Wind turbines are shown to be competitive for many considered variants (groups of consumers, placement areas, and climatic and meteorological conditions. The authors study the possibility of storing energy in the form of hydrogen in the autonomous wind/diesel/hydrogen power systems that include wind turbines, diesel generator, electrolyzer, hydrogen tank, and fuel cells. The paper presents the zones of economic efficiency of the system (set of parameters that provide its competitiveness depending on load, fuel price, and long-term average annual wind speed. At low wind speed and low price of fuel, it is reasonable to use only diesel generator to supply power to consumers. When the fuel price and wind speed increase, first it becomes more economical to use a wind-diesel system and then wind turbines with a hydrogen system. In the latter case, according to the optimization results, diesel generator is excluded from the system.

Analysis of remote working practice AND CALCULATION OF ECONOMIC EFFICIENCY

Directory of Open Access Journals (Sweden)

K. S. Ermakov

2015-01-01

Full Text Available The article is devoted to description of working from home practice at Allianz Insurance UK и Ernst & Young, UK & Ireland. It fulfilled the analysis of the best practices in the use of new forms of social and labor relations - remote work. The characteristics of using types of distance work, the policy of implementation and realization of such work in the company, the criteria for the transfer of employees to work remotely, the possibility of a flexible approach to workflow are given. The calculation of the economic efficiency of technology telecommuting at an aviation company of the Russian Federation is done. The method of calculating the cost-effectiveness based on several factors, such as costs for the organization and content of the workplace, change in labor productivity and others, was proposed by the authors. The calculation of economic efficiency by using the number of working hours, the impact on capital inputs and the impact on quit rates is considered.

Efficiency improvement for a sustainable agriculture : the integration of agronomic and farm economics approaches

OpenAIRE

Koeijer, de, T.J.

2002-01-01

Keywords: Sustainable farming systems, Agronomic efficiency, Economic efficiency, Environmental efficiency, Sustainability index, Interdisciplinary analysis.

The objective of the research described in this thesis was to determine what role improved agronomic efficiency can play in the transition towards more sustainable production systems. Agronomic efficiency measures the technical performance. If it could be improved, environmental damage could be reduced while, at the sam...

Economic efficiency and risk character of fire management programs, Northern Rocky Mountains

Science.gov (United States)

Thomas J. Mills; Frederick W. Bratten

1988-01-01

Economic efficiency and risk have long been considered during the selection of fire management programs and the design of fire management polices. The risk considerations was largely subjective, however, and efficiency has only recently been calculated for selected portions of the fire management program. The highly stochastic behavior of the fire system and the high...

Energy efficiency, human behavior, and economic growth: Challenges to cutting energy demand to sustainable levels

Science.gov (United States)

Santarius, Tilman

2015-03-01

Increasing energy efficiency in households, transportation, industries, and services is an important strategy to reduce energy service demand to levels that allow the steep reduction of greenhouse gases, and a full fledged switch of energy systems to a renewable basis. Yet, technological efficiency improvements may generate so-called rebound effects, which may `eat up' parts of the technical savings potential. This article provides a comprehensive review of existing research on these effects, raises critiques, and points out open questions. It introduces micro-economic rebound effect and suggests extending consumer-side analysis to incorporate potential `psychological rebound effects.' It then discusses meso-economic rebound effects, i.e. producer-side and market-level rebounds, which so far have achieved little attention in the literature. Finally, the article critically reviews evidence for macro-economic rebound effects as energy efficiency-induced economic growth impacts. For all three categories, the article summarizes assessments of their potential quantitative scope, while pointing out remaining methodological weaknesses and open questions. As a rough "rule of thumb", in the long term and on gross average, only half the technical savings potential of across-the-board efficiency improvements may actually be achieved in the real world. Policies that aim at cutting energy service demand to sustainable levels are well advised to take due note of detrimental behavioral and economic growth impacts, and should foster policies and measures that can contain them.

Modelling of Efficiency Change as a Source of Economic Growth in Agriculture

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Bezat-Jarzębowska Agnieszka

2016-12-01

Full Text Available In the paper, the subject of economic growth in agriculture was raised. One of the determinants of this process, namely an efficiency change was under the assessment. The aim of the paper was to evaluate the changes of efficiency in the Polish agriculture. In the study, a stochastic parametric production function was used.

Water Market-scale Agricultural Planning: Promoting Competing Water Resource Use Efficiency Through Agro-Economics

Science.gov (United States)

Delorit, J. D.; Block, P. J.

2017-12-01

Where strong water rights law and corresponding markets exist as a coupled econo-legal mechanism, water rights holders are permitted to trade allocations to promote economic water resource use efficiency. In locations where hydrologic uncertainty drives the assignment of annual per-water right allocation values by water resource managers, collaborative water resource decision making by water rights holders, specifically those involved in agricultural production, can result in both resource and economic Pareto efficiency. Such is the case in semi-arid North Chile, where interactions between representative farmer groups, treated as competitive bilateral monopolies, and modeled at water market-scale, can provide both price and water right allocation distribution signals for unregulated, temporary water right leasing markets. For the range of feasible per-water right allocation values, a coupled agricultural-economic model is developed to describe the equilibrium distribution of water, the corresponding market price of water rights and the net surplus generated by collaboration between competing agricultural uses. Further, this research describes a per-water right inflection point for allocations where economic efficiency is not possible, and where price negotiation among competing agricultural uses is required. An investigation of the effects of water right supply and demand inequality at the market-scale is completed to characterize optimal market performance under existing water rights law. The broader insights of this research suggest that water rights holders engaged in agriculture can achieve economic benefits from forming crop-type cooperatives and by accurately assessing the economic value of allocation.

The Efficiency Opportunity Impact of Information Systems in an Organizational Economics Framework of Informatics

OpenAIRE

Kühn Pedersen, Mogens; Holm Larsen, Michael

2004-01-01

Information systems (IS) have a record of raising efficiency and effectiveness in business operations. In the modern economy, ongoing efficiency improvements through innovation play a decisive role. A new theory of distributed relations refocuses innovations comptence from core to distributed competence, raising new efficiency opportunities. The paper suggest an economic model of the efficiency op-portunities of information processing revealing the efficiency form of distributed relations, a ...

Problems of Development and Increase of Economic Efficiency of Sugar Beet Production

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Tomashevska Olga A.

2017-06-01

Full Text Available The aim of the article is the studying of the trends of development and economic efficiency of sugar beet production (using the example of agricultural enterprises of Rokytne district of Kyiv region and an attempt to outline the directions for improvement of the situation in the sugar beet industry. As a result of the research, the dynamics of development and economic efficiency of sugar beet production at farms of Rokytne district of Kyiv region is analyzed, and the break-even volume of sugar beet production by agrarian enterprises of Kiev region and an individual enterprise of Rokytne district is determined. Particular attention is paid to the dynamics of profitability of sugar beet production in the period from 2011 to 2015. The main problems hindering the development of sugar beet production are identified, namely, the lack of sales channels and high production costs. Prospects for further research in this area are to increase the economic efficiency of sugar beet production and find ways to develop this sector, provided that the production is properly organized, the manufacturing process is followed, the fertilizers are properly used, the seeds are chosen correctly, advanced technologies and high-performance equipment are applied, etc.

Economic efficiency of application of innovative materials and structures in high-rise construction

Science.gov (United States)

Golov, Roman; Dikareva, Varvara; Gorshkov, Roman; Agarkov, Anatoly

2018-03-01

The article is devoted to the analysis of technical and economic efficiency of application of tube confined concrete structures in high-rise construction. The study of comparative costs of materials with the use of different supporting columns was carried out. The main design, operational, technological and economic advantages of the tube confined concrete technology were evaluated, conclusions were drawn about the high strength and deformation properties of axial compression of steel tubes filled with high-strength concrete. The efficiency of the tube confined concrete use is substantiated, which depends mainly on the scale factor and percentage of reinforcement affecting its load-bearing capacity.

International Comparison of Water Resources Utilization Efficiency in the Silk Road Economic Belt

Science.gov (United States)

Yan, Long; Ma, Jing; Deng, Wei; Wang, Yong

2018-03-01

In order to get knowledge of the standard of water utilization of the Silk Road Economic Belt from international point of view, the paper analyzes the annual variation of water resources utilization in the Silk Road Economic Belt, and compares with other typical countries. The study shows that Water resources utilization efficiency has been greatly improved in recent 20 years and the water consumption per USD 10000 of GDP has been declined 87.97%. the improvement of industrial water consumption efficiency is the key driving factors for substantial decrease in water consumption.The comparison of water utilization and human development shows that the higher HDI the country is, the more efficient water utilization the country has. water consumption per USD 10000 of GDP in country with HDI>0.9 is 194m³, being 8.5% of that in country with HDI from 0.5 to 0.6. On the premise of maintaining the stable economic and social development of the Silk Road Economic Belt, the realization of the control target of total water consumption must depend on the strict control over the disorderly expansion of irrigated area, the change in the mode of economic growth, the implementation of the development strategy for new industrialization and urbanization, vigorous development of the processing industry with low water consumption as well as the high-tech and high value-added industry. Only in this way, the control target of total water consumption can be realized in the process of completing the industrialization task.

Influences of economic development in the Brazilian energy efficiency projects

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Javier Cárcel Carrasco

2012-09-01

Full Text Available This work has as main goal to present some of the issues regarding the effects of the Brazilian economy in the effectiveness of national energy efficiency projects in order to provide some guidelines for optimizing the energy saving actions. The replacement of traditional electric motors with high efficiency motors has been considered, or that brings innovation and increases the need to search for new technologies for Brazilian industries. We must consider whether this new paradigm requires a strong federal government's investment in Brazil in order to allow the implementation of energy efficiency programs, mainly in small and medium industries. This document is divided into three main parts. The first part deals with some aspects of the economic crisis. The second presents the most important data of the National Electricity Conservation (PROCEL and Energy Efficiency Program of the ANEEL (National Electric Energy Agency. The third shows data on Small and Medium Industries and how their energy efficiency programs were affected.

Gender and Relative Economic Efficiency in Sweet Potato Farms of ...

African Journals Online (AJOL)

This study employed the stochastic frontier cost function to measure the level of economic efficiency and its determinants in small-scale sweet potato production in Imo State, Nigeria on gender basis. A multi-stage random sampling technique was used to select 120 sweet potato farmers (64 females and 56 males) in the ...

Finance-economical indexes of efficiency of development of railway transport

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M. Chekhovska

2012-12-01

Full Text Available Because of formation of public joint-stock company of railway transport of the common use, by an author it is suggested to carry out the analysis of efficiency of subsequent development of railway transport, leaning against indexes which represent the finance-economical constituent of results of activity of corporate enterprises.

The Rethinking of the Economic Activity Based on Principles of Eco-Efficiency

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Daniela VÎRJAN

2011-07-01

Full Text Available Drought, floods, damaging storms, heat waves, acid rain, climate changes are but a few of the consequences of human action upon the environment. Can we possibly live against the environment? The answer is NO, and as such we must run an economy which respects the principles of eco-efficiency because only so can economic progress go on. Green economy is a great opportunity for all of the world’s countries, and is a real economy which keeps the resource-needs and environment relation in balance, aims towards quality and not quantity, lays emphasis on regeneration, recycling, reuse and creativity. Eco-efficiency implies both innovation towards a high degree of product dematerialization, services and systems, alongside with greatly changing current production and consumption practices. If we produce based on the principle of eco-efficiency we can reduce the effects of the profound economic, ecological, socio-political and cultural-spiritual crisis which marks our planet and countries.

Theoretical Grounds of Formation of the Efficient State Economic Policy

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Semyrak Oksana S.

2013-12-01

Full Text Available The article conducts historical and analytical analysis of views on the role of state administration in the sphere of economic relations by various economic directions in order to allocate traditional and newest essential reference points of the modern theory of state regulation of economy. It identifies specific features of modern models of economic policy that envisage setting goals by the state, selection of relevant efficient tools and mathematic function, which would describe dependencies between them. It considers the concept of the basic theory of economic policy of Jan Tinbergen, its advantages and shortcomings. It studies prerequisites and conducts analysis of the modern concept of the role of state in economy as a subject of the market. It considers the modern concept of economic socio-dynamics, pursuant to which the main task of the state is maximisation of social usefulness and permanent improvement of the Pareto-optimal. It considers the “socio-dynamic multiplicator” notion, which envisages availability of three main components: social effect from activity of the state, yearning of individuals for creation of something new and availability of formal and informal institutions that united first two elements.

India's economic growth and energy consumption: scope for efficiency and conservation

International Nuclear Information System (INIS)

Yadav, S.S.

2000-01-01

Like all developing countries in general, India has very low per capita consumption of energy. But the consumption pattern per unit of economic output is high. There is a need to make efforts and evolve mechanism so that energy consumption growth rate decelerates while the desired economic growth takes place. In case of India, large imports of petroleum products impact very adversely on trade balance and consequently on economic growth itself. This paper enumerates various ways - legal, financial and technological - that should be adopted to increase energy efficiency and conservation effort. No single method or tool in isolation may be effective but an integrated approach involving several tools and mechanisms is sure to yield desired results. (author)

The Economic Efficiency of European Football Clubs--Data Envelopment Analysis (DEA) Approach

Science.gov (United States)

Pyatunin, Aleksey V.; Vishnyakova, Angelina B.; Sherstneva, Natalia L.; Mironova, Svetlana P.; Dneprov, Sergey A.; Grabozdin, Yuriy P.

2016-01-01

The relevance of this paper lies in the fact that football business has grown significantly in the past 20 years and football clubs have become large companies, which in an effort to be profitable and successful on the field need to improve the efficiency of their business. The aim of this article is to measure economic efficiency of 48 big…

Nuclear liability, nuclear safety, and economic efficiency

International Nuclear Information System (INIS)

Wood, W.C.

1980-01-01

This dissertation applies the methods of economic analysis to nuclear liability and Price-Anderson. First the legislative history is reviewed; in that history the economic role of liability in affecting safety and allocating risk was virtually ignored. Succeeding chapters reformulate issues from the policy debate and subject them to economic analysis. A persistent issue is whether nuclear utilities respond to their limited liability by allowing a higher probability of serious accident. Comparative-static analysis shows that limited liability does lead to a higher chance of accidents, though the effect may be small. The analysis also shows that safety is achieved in a more capital-intensive manner than is cost-minimizing and that limited liability causes reactor owners to favor more heavily populated sites for plants. Therefore, the siting decision makes potential loss greater even if there is no change in the probability of an accident. Citizens' preferences on nuclear liability are examined next, starting with the nature of coverage that would be just in the sense of contraction theories such as John Rawls' Theory of Justice. Citizens behind Rawls' veil of ignorance, forced to be fair because of their ignorance of whether they will be harmed, unanimously choose a high level of coverage. The just level of coverage is greater than the existing $560 million. Second, the nature of economically efficient liability coverage is determined and contrasted with coverage that would emerge from a democratic system of public choice. Population and expected damage profiles indicate that majorities could easily be formed among groups of citizens expecting to suffer little of the damage of a nuclear accident. Thus, majority voting on liability arrangements is likely to produce an inefficiently low level of coverage

Triple Helix Model as an Efficient Mechanism of Food Security Provision in Regional Economic Entities and the Economic System as a Whole

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Mihail N. Dudin

2014-08-01

Full Text Available The leading countries of the world consider food security the important condition of internal political and social-economic stability of the state and its external independence. The topic of the article is crucial due to the fact that the problem of food security is rather complicated and multilevel and should be considered at different interrelated hierarchical levels. In this context the efficient model of food security is the result of the permanent dialogue between the representatives of the state government, business entities, social organizations and scientific institutions. The article justifies the fact that the model of innovation development, known as ‘the triple helix model’ should be applied at the modern stage of economic development as an efficient tool for the food security provision, which can be implemented in the activity of regional economic entities and the whole economic system of the Russian Federation.

Resource values in analyzing fire management programs for economic efficiency

Science.gov (United States)

Irene A. Althaus; Thomas J. Mills

1982-01-01

In analyzing fire management programs for their economic efficiency, it is necessary to assign monetary values to the changes in resource outputs caused by, fire. The derivation of resource values is complicated by imperfect or nonexistent commercial market structures. The valuation concept recommended for fire program analyses is willingness-to-pay because it permits...

Energy efficiency, human behavior, and economic growth: Challenges to cutting energy demand to sustainable levels

Energy Technology Data Exchange (ETDEWEB)

Santarius, Tilman, E-mail: tilman@santarius.de [Visiting Scholar, Institute of European Studies and Energy and Resources Group, University of California, Berkeley, 310 Barrows Hall, Berkeley, CA 94720-3050 (United States)

2015-03-30

Increasing energy efficiency in households, transportation, industries, and services is an important strategy to reduce energy service demand to levels that allow the steep reduction of greenhouse gases, and a full fledged switch of energy systems to a renewable basis. Yet, technological efficiency improvements may generate so-called rebound effects, which may ‘eat up’ parts of the technical savings potential. This article provides a comprehensive review of existing research on these effects, raises critiques, and points out open questions. It introduces micro-economic rebound effect and suggests extending consumer-side analysis to incorporate potential ‘psychological rebound effects.’ It then discusses meso-economic rebound effects, i.e. producer-side and market-level rebounds, which so far have achieved little attention in the literature. Finally, the article critically reviews evidence for macro-economic rebound effects as energy efficiency-induced economic growth impacts. For all three categories, the article summarizes assessments of their potential quantitative scope, while pointing out remaining methodological weaknesses and open questions. As a rough “rule of thumb”, in the long term and on gross average, only half the technical savings potential of across-the-board efficiency improvements may actually be achieved in the real world. Policies that aim at cutting energy service demand to sustainable levels are well advised to take due note of detrimental behavioral and economic growth impacts, and should foster policies and measures that can contain them.

The technical and economic efficiency in the mineral processing for lead-zinc and copper ores by Microsoft excel

OpenAIRE

Krstev, Aleksandar; Krstev, Boris; Krstev, Dejan; Vuckovski, Zoran

2012-01-01

The comparisons between economical and technical efficiency for lead flotation indicators, zinc flotation indicators in Sasa mine, Toranica and Zletovo mine. The comparisons for economic and technical efficiency for copper flotation indicators in Bucim mine. The possibility of equaled between both efficiencies for flotation indicators from mentioned mines using Microsoft Excel 2010.

Analysis of extreme values of the economic efficiency indicators of transport infrastructure projects

Science.gov (United States)

Korytárová, J.; Vaňková, L.

2017-10-01

Paper builds on previous research of the authors into the evaluation of economic efficiency of transport infrastructure projects evaluated by the economic efficiency ratio - NPV, IRR and BCR. Values of indicators and subsequent outputs of the sensitivity analysis show extremely favourable values in some cases. The authors dealt with the analysis of these indicators down to the level of the input variables and examined which inputs have a larger share of these extreme values. NCF for the calculation of above mentioned ratios is created by benefits that arise as the difference between zero and investment options of the project (savings in travel and operating costs, savings in travel time costs, reduction in accident costs and savings in exogenous costs) as well as total agency costs. Savings in travel time costs which contribute to the overall utility of projects by more than 70% appear to be the most important benefits in the long term horizon. This is the reason why this benefit emphasized. The outcome of the article has resulted how the particular basic variables contributed to the total robustness of economic efficiency of these project.

TRENDS IN TAX DEVELOPMENT - EFFICIENCY AND ECONOMIC GROWTH

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Tanya Todorova

2017-12-01

Full Text Available The discussion on the role of the state and the amount of public revenue to maintain a balance between economic stability and social justice lasts for decades. The need for active state participation in the economy and the use of public revenue as a fiscal instrument is tangible. Delayed economic growth rates on global, regional and national level are a challenge to budget stability. In this article, the object of research is taxation, the subject - the trends and challenges to its effectiveness. The aim is to clarify whether there is a clear strategy on the marginal and implicit tax rate on the income of the population by comparing Bulgaria and other newly admitted countries in the EU (Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Slovakia, Slovenia and Romania. The main task is to justify the need to build a long-term strategy to increase the efficiency of labor taxation in order to achieve optimal distribution and redistribution of income.

Policies and measures for economic efficiency, energy security and environment protection in India

International Nuclear Information System (INIS)

Venkaiah, M.; Kaushik, S.C.; Dewangan, M.L.

2007-01-01

India needs to sustain 8-10% economic growth to meet energy needs of people below poverty line. India would, at least, need to grow its primary energy supply (3-4 times) of present consumption to deliver a sustained growth of 8% by 2031. This paper discusses India's policies and measures for economic efficiency, environment protection and energy security (3-E). (author)

The economical efficiency of private investments in higher education in Russia

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Elena Maksyutina

2011-12-01

Full Text Available The article investigates the economical efficiency of investments in higher education in modern conditions of Russia. The beginning of the article includes a characteristic of the existing empiric research concerning the efficiency of investments in human capital assets. Further the author of the article introduces the results of pay off calculation of private investments in higher education. The result of the research was that in modern conditions of Russia investments in higher education are exceedingly advantageous. High norms of higher education feedback and short period of pay off of these investments explain the reasons of continuously growing demand for it on the part of the population, especially young people. The article proves that the level of population education in Russia is quite high, however accumulated human capital asset is used insufficiently effective. Many people with higher education are forced to take jobs not requiring higher education.  Sharp shift in educational behavior of Russian people raises new demands to labor market. Graduates of higher educational institutions, appearing on a labor market, form qualitatively different demands towards it. But tempo of Russian economics development today can not provide job positions for all graduates of higher educational institutions. That is why structural change of economics is needed.

ECONOMIC THEORY OF LOBBYING: EVALUATION OF ECONOMIC EFFICIENCY

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Tolstyh Pavel Aleksandrovich

2013-01-01

Full Text Available In this article the author continues to analyze lobbying with regards to economic paradigm. [The author has started discussing lobbying in terms of economic theory in the article Politico-economic theory of lobbying / / Historical, philosophical, political and legal sciences, culture and art. Theory and practice. Tambov: Gramota, 2013. No 1. Part 2. p. 177-189.] Researcher evaluates the cost effectiveness of the lobbying function. Lobbying is understood as activity of specifically authorized employees of corporations and lobbying firms representing their interests, trade associations. This activity is aimed at improving the profitability of integrated and sustainable business development by representing long-term, comfortable, predictable system of relationships with the relevant field-specific political stakeholders of the federal and regional levels. The article presents an in-depth analysis of economic concepts of lobbying function.

EFFICIENCY OF CREDIT PORTFOLIO MANAGEMENT IN CONDITIONS OF ECONOMIC INSTABILITY

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Koshel H.

2018-01-01

Full Text Available Introduction. The active development of integration processes causes the necessity of applying high-level approaches to management of the banking system, which is an essential part of the financial sector. Due to the importance of credit operations in the portfolio of banking assets, development of efficient and flexible credit management system is the basis for financial and market stability of banks. Purpose. Analyze the condition of the credit portfolio of banking institutions under the influence of economic processes and make conclusions and recommendations about the effectiveness of managing the bank’s credit portfolio and generalize ways of improving the structure and quality of the bank’s credit portfolio. Results. Over the last six years, the quality of the credit portfolio has become worse because of the bad debts growing and, as a result, decreasing in revenues. The calculated coefficient of management efficiency of a credit portfolio shows the dependence of this indicator on the value of risk and yield. In order to confirm the dependence and determine the degree of influence of these indicators on the efficiency of management of a loan portfolio, an economic-mathematical model was constructed on the example of both individual banks and the banking system as a whole. Detected dependence of factors is quite logical, therefore, the model can be recommended for practical use. Conclusion. Using this method of determining the management efficiency of a credit portfolio will allow the management of the bank to make reasonable decisions. It will allow the possibility of forming a more justified credit portfolio, taking into account not only the profitability, but also the real level of risk of credit operations.

ECONOMIC THEORY OF LOBBYING: EVALUATION OF ECONOMIC EFFICIENCY

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Павел Александрович Толстых

2013-04-01

Full Text Available In this article the author continues to analyze lobbying with regards to economic paradigm. [The author has started discussing lobbying in terms of economic theory in the article Politico-economic theory of lobbying / / Historical, philosophical, political and legal sciences, culture and art. Theory and practice. Tambov: Gramota, 2013. No 1. Part 2. p. 177-189.] Researcher evaluates the cost effectiveness of the lobbying function. Lobbying is understood as activity of specifically authorized employees of corporations and lobbying firms representing their interests, trade associations. This activity is aimed at improving the profitability of integrated and sustainable business development by representing  long-term, comfortable, predictable system of relationships with the relevant field-specific political stakeholders of the federal and regional levels. The article presents an in-depth analysis of economic concepts of lobbying function.DOI: http://dx.doi.org/10.12731/2218-7405-2013-1-3

Standardization and Green Economic Change - the Case of Energy Efficiency in Buildings

DEFF Research Database (Denmark)

Andersen, Maj Munch; Faria, Lourenco

2015-01-01

This paper investigates the role of standardization for green economic change using energy efficiency in buildings as a case. Innovation research on standards tends to focus on the competition between competing emerging standards as well as the economic impacts of these. The idea pursued here...... energy efficiency becomes an issue in standardization work using buildings as a case. The paper seeks more specifically to investigate the rise of building related standards generally over time as well as in different technical areas and geographic regions. The hypothesis pursued in this paper...... is that the rise of the green economy can only take place accompanied by considerable institution formation in the form of standards. In this sense, the presence of standards may be seen as an important indicator on the maturity of the greening of the economy. The paper presents early empirical work...

Improving the ecohydrological and economic efficiency of Small Hydropower Plants with water diversion

Science.gov (United States)

Razurel, Pierre; Gorla, Lorenzo; Tron, Stefania; Niayifar, Amin; Crouzy, Benoît; Perona, Paolo

2018-03-01

Water exploitation for energy production from Small Hydropower Plant (SHP) is increasing despite human pressure on freshwater already being very intense in several countries. Preserving natural rivers thus requires deeper understanding of the global (i.e., ecological and economic) efficiency of flow-diversion practice. In this work, we show that the global efficiency of SHP river intakes can be improved by non-proportional flow-redistribution policies. This innovative dynamic water allocation defines the fraction of water released to the river as a nonlinear function of river runoff. Three swiss SHP case studies are considered to systematically test the global performance of such policies, under both present and future hydroclimatic regimes. The environmental efficiency is plotted versus the economic efficiency showing that efficient solutions align along a (Pareto) frontier, which is entirely formed by non-proportional policies. On the contrary, other commonly used distribution policies generally lie below the Pareto frontier. This confirms the existence of better policies based on non-proportional redistribution, which should be considered in relation to implementation and operational costs. Our results recommend abandoning static (e.g., constant-minimal-flow) policies in favour of non-proportional dynamic ones towards a more sustainable use of the water resource, also considering changing hydroclimatic scenarios.

State policy as a driver of innovation to support economic growth: California energy-efficiency policy (1975-2005)

Science.gov (United States)

Klementich, Eloisa Y.

2011-12-01

Purpose. The purpose of this research was to identify whether a relationship exists between state energy-efficiency policy and innovation in the State of California and to shed light on the impact that energy-efficiency policy can have on supporting statewide economic development goals. Theoretical Framework. The theoretical framework drew from foundations in neoclassical economic theory, technology change theory, and new growth theory. Together these theories formed the basis to describe the impacts caused by the innovations within the market economy. Under this framework, policy-generated innovations are viewed to be translated into efficiency and productivity that propel economic benefits. Methodological Considerations. This study examined various economic indices and efficiency attainment indices affecting four home appliances regulated under Title 20's energy-efficiency standard established by the California Energy Commission, Warren Alquist Act. The multiple regression analysis performed provided an understanding of the relationship between the products regulated, the regulation standard, and the policy as it relates to energy-efficiency regulation. Findings. There is enough evidence to show that strategies embedded in the Warren Alquist Act, Title 20 do drive innovation. Three of the four product categories tested showed statistical significance in the policy standard resulting in an industry efficiency improvement. Conclusively, the consumption of electricity per capita in California has positively diverged over a 35-year period from national trends, even though California had mirrored the nation in income and family size during the same period, the only clear case of divergence is the state's action toward a different energy policy. Conclusions and Recommendations. California's regulations propelled manufacturers to reach higher efficiency levels not otherwise pursued by market forces. The California effort included alliances all working together to make

Production System of Peranakan Etawah Goat under Application of Feed Technology: Productivity and Economic Efficiency

Directory of Open Access Journals (Sweden)

Akhmad Sodiq

2009-09-01

Full Text Available Feed resources are the major constraint in increasing goat production in the village. The main constraints to goat raising are related to feeds (i the high cost of transport of crop residues and grass to the homesteads, (ii the low nutritive value of feeds used, particularly in the dry period. This research was design to evaluate goat productivity and economic efficiency of goat farming under application of feed technology production system in Peranakan Etawah goat farmer group of Gumelar Banyumas Central Java. All farmers were taken as respondents using census methods. On farm research with participative focused group discussion, indepth interview, and farm observation. Descriptive analysis and independent t test methods were used to analyze the data. Results of this study showed that there was a significant improvement goat productivity on production system with the application of feed technology. Body weight at weaning, survival rate till weaning, and doe productivity were increased 7%, 2% and 5%, respectively. There was no evidence of significant different of farmers income and economic efficiency before and after the applied feed technology (P>0.05. The calculation was based on cash flow. Before application, farmers income per year and economic efficiency were Rp14.404.520,00 and 1.21, then insignificantly improve into Rp16.487.100,00 and 1.27, respectively. (Animal Production 11(3: 202-208 (2009 Key Words: Livestock production system, Peranakan Etawah goat, feed technology aplication, productivity and economic efficiency

On the complex analysis of the reliability, safety, and economic efficiency of atomic electric power stations

International Nuclear Information System (INIS)

Emel'yanov, I.Ya.; Klemin, A.I.; Polyakov, E.F.

1977-01-01

The problem is posed of effectively increasing the engineering performance of nuclear electric power stations (APS). The principal components of the engineering performance of modern large APS are considered: economic efficiency, radiation safety, reliability, and their interrelationship. A nomenclature is proposed for the quantitative indices which most completely characterize the enumerated properties and are convenient for the analysis of the engineering performance. The urgent problem of developing a methodology for the complex analysis and optimization of the principal performance components is considered; this methodology is designed to increase the efficiency of the work on high-performance competitive APS. The principle of complex optimization of the reliability, safety, and economic-efficiency indices is formulated; specific recommendations are made for the practical realization of this principle. The structure of the complex quantiative analysis of the enumerated performance components is given. The urgency and promise of the complex approach to solving the problem of APS optimization is demonstrated, i.e., the solution of the problem of creating optimally reliable, fairly safe, and maximally economically efficient stations

Reviewing the economic efficiency of disaster risk management

Science.gov (United States)

Mechler, Reinhard

2013-04-01

There is a lot of rhetoric suggesting that disaster risk management (DRM) pays, yet surprisingly little in the way of hard facts. Cost-benefit analysis (CBA) is one major tool that can provide quantitative information about the prioritization of disaster risk management (DRM) (and climate adaptation) based on economic principles. Yet, on a global scale, there has been surprisingly little robust evidence on the economic efficiency and benefits of risk management measures. This review shows that for the limited evidence reported the economic case for DRM across a range of hazards is strong and that the benefits of investing in DRM outweigh the costs of doing so, on average, by about four times the cost in terms of avoided and reduced losses. Most studies using a CBA approach focus on structural DRM and most information has been made available on physical flood prevention. There have been some limited studies on preparedness and risk financing. The global evidence base is limited and estimates appear not very solid, and overall, in line with the conclusion of the recent IPCC SREX report, there is limited evidence and medium agreement across the literature. Some of the factors behind the limited robustness are inherent to CBA more widely: these challenges comprise the inability to price intangibles, evaluating strategies rather than single projects, difficulties in assessing softer rather than infrastructure-related options, choices regarding a proper discount rate, lack of accounting for the distribution of benefits and costs and difficulties with assessing nonmarket values such as those related to health, the environment, or public goods. Although techniques exist to address some of these challenges, they are not very likely to easily go away. Other challenges associated specifically with DRM, such as the need and difficulty to undertake risk -based analysis can be overcome, and there have been manuals and reports providing a way forward. In an age of austerity, cost

Economic effects of energy efficiency improvements in the Finnish building stock

International Nuclear Information System (INIS)

Tuominen, Pekka; Forsström, Juha; Honkatukia, Juha

2013-01-01

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

RESEARCHES CONCERNING THE ECONOMIC EFFICIENCY ACHIEVED SUCCESSIVE TO THE APPLICATION OF BIOLOGICALLY-ACTIVE PRODUCTS IN SMOOTH BROME CROP

Directory of Open Access Journals (Sweden)

ELENA PEł

2008-05-01

Full Text Available Within any branch of material production, the supervision of the economic effects caused by the applied technologies is an essential requirement. Not only related to the productive activity, but also related to scientific research, designing and other fields of activity, the final goal is represented by the achievement of immediate or far off economic effects. The introduction and generalization into production of the newest technologies of forage production must rely upon calculations of economic efficiency, too. The objective of these calculations is to offer to any producer the possibility to choose among the optimal technologic variants, with great productions per surface unit, of high quality and low costs. The calculations of economic efficiency were carried out during the three years of experimentation. The economic efficiency obtained after the application of biostimulants in smooth brome during the first year of production is expressed through the achievement of a profit per surface unit of 75.85 – 127.00 €/ha. Successive to the calculations of economic efficiency, during the second year of production, the profit per surface unit recorded values between 79.10 – 153.10 €/ha depending upon the applied biostimulant, and during the third year of production the profit obtained per surface unit was 211.05 – 270.70 €/ha.

Essays in economics of energy efficiency in residential buildings - An empirical analysis[Dissertation 17157

Energy Technology Data Exchange (ETDEWEB)

Jakob, M.

2007-07-01

Energy efficiency in the building sector is a key element of cost-effective climate change and energy policies in most countries throughout the world. (...) However, a gap between the cost-effectiveness of energy efficiency measures, their benefits, the necessities from a societal point of view on the one hand and the actual investments in the building stock - particularly in the moment of re-investment and refurbishing - on the other hand became more and more evident. The research questions that arose against this background were whether this gap and the low energy efficiency levels and rates could be confirmed empirically and if yes, how the gap could be explained and how it could be overcome by adequate policy measures. To address these questions, the multi-functional character of buildings (i.e. well conditioned and quiet living rooms and working space) had to be considered. Associated benefits arise on the societal level (ancillary benefits) and on the private level (co-benefits), the latter being increasingly addressed by different building labels such as 'Minergie', 'Passive House', and others. It was assumed that these co-benefits are of economic relevance, but empirical evidence regarding their economic value was missing. Thus, putting these benefits into an appropriate economic appraisal framework was at stake to make use of them in market information and policy instruments, preventing uninformed and biased cost benefit analyses and decisions on the private and on the societal level. The research presented in this PhD thesis had the goal to provide a sound empirical basis about costs and benefits of energy efficiency investments in residential buildings, with a special emphasis on the economic valuation of their co-benefits from a building user perspective (owner-occupiers, purchasers and tenants). In view of long time-horizons in the building sector, the techno-economic dynamics should also be addressed. The results should be useful

ERWIN2: User's manual for a computer model to calculate the economic efficiency of wind energy systems

International Nuclear Information System (INIS)

Van Wees, F.G.H.

1992-01-01

During the last few years the Business Unit ESC-Energy Studies of the Netherlands Energy Research Foundation (ECN) developed calculation programs to determine the economic efficiency of energy technologies, which programs support several studies for the Dutch Ministry of Economic Affairs. All these programs form the so-called BRET programs. One of these programs is ERWIN (Economische Rentabiliteit WINdenergiesystemen or in English: Economic Efficiency of Wind Energy Systems) of which an updated manual (ERWIN2) is presented in this report. An outline is given of the possibilities and limitations to carry out calculations with the model

EVALUATION OF ECOLOGICAL AND ECONOMIC EFFICIENCY OF STEEL-MAKING SLAG IN ROAD CONSTRUCTION

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A. K. Коstenkо

2008-01-01

Full Text Available The paper provides an estimation of ecological and economic efficiency of utilization of the electric steel-melting slag of the Belarussian Steel Works in the road construction. The obtained results  give us a reason to consider that involvement of this type of industrial waste into economic turnover is an economically expedient and ecologically justified measure that will allow road-construction enterprises to reduce the cost of installation and construction works and enlarge their resource potential as well as to help the producer of wastes to release funds for innovation development and solve the problem of waste accumulation in the near future.

Implementation of energy efficiency standards of household refrigerator/freezer in China: Potential environmental and economic impacts

International Nuclear Information System (INIS)

Tao, Jing; Yu, Suiran

2011-01-01

Due to the rapid economic development, living standards in China are improving fast. Chinese families are having more household electrical appliances, among which refrigerators are indispensable. Energy consumption of refrigerators is huge in China and causes environmental concerns. China has issued the national energy efficiency standards of household refrigerators, GB12021.2-2003 and GB12021.2-2008 to promote high-efficiency refrigerator production and use. This study evaluated the impacts of the standards on the environment, manufacturers and consumers over a long-term period of 2003-2023. It first evaluated the potential electricity conservation and GHG emission reduction resulting from energy efficiency improvements driven by the standards. Next, manufacturers' technological and economic concerns about complying with the standards were discussed. Some efficiency improving design options were considered and the resulting increases in manufacturing cost and retail price were estimated. The return of consumers from invest in efficiency was analyzed based on lifecycle cost saving of the improved models. The economical viability of the standards was then evaluated by national consumer costs and benefits. Results showed that the considered efficiency standards will potentially save a cumulative total of 588-1180 TWh electricity, and reduce emission of 629-1260 million tons of CO 2 , 4.00-8.04 million tons of SO x and 2.37-4.76 million tons of NO x by 2023, depending on sale share of models by efficiency. In a more environmentally optimal case (75% sale share of high-efficiency models), the national consumer benefits are 121 billion RMB (discounted), with the benefit/cost ratio of consumer's expenditure being 1.45:1. However, the preference to high-efficiency models is substantial influenced by consumer's expectation on return from the additional cost on efficiency.

How to measure the economic impacts of changes in growth, feed efficiency and survival in aquaculture

NARCIS (Netherlands)

Kankainen, M.; Setala, J.; Berrill, I.K.; Ruohonen, K.; Noble, C.; Schneider, O.

2012-01-01

In this article we introduce a variety of bio-economic models that can be used to calculate the economic benefits associated with improved productivity in aquaculture. In the aquaculture industry, three important biological productivity factors are growth, survival and feed efficiency. The

Emission Trading and the Kyoto protocol: Are they efficient economic instruments?

International Nuclear Information System (INIS)

Ibanez Londono, Ana Maria

1998-02-01

The Kyoto Protocol establishes a tradeable permits market for green house gases -GHG- emissions to reduce the costs of meeting the Protocol obligations. Economic theory provides the arguments to support the creation of GHG tradeable permits. Several economic researches have shown that vis-a-vis command and control regulations, tradeable permits induce economic agents to achieve environmental goals at a minimum cost. However, the conditions to minimize costs through tradeable permits are stringent. Tradeable permits require well functioning markets, e.g. perfect competition and perfect information. The tradeable permits market created by the Kyoto Protocol hardly meet these necessary conditions. Some countries like Japan, Great Britain and the United Stated are large emitters and thus may exert market power. Price manipulation may have implications over the static and dynamic efficiency of the permits. This paper takes a first look to the consequences of imperfect markets on the tradeable permit system of the Kyoto Protocol

Efficient STEP (solar thermal electrochemical photo) production of hydrogen - an economic assessment

Energy Technology Data Exchange (ETDEWEB)

Licht, Stuart [Department of Chemistry, George Washington University, Ashburn, VA 20147 (United States); Solar Institute, George Washington University, Washington, DC 20052 (United States); Chitayat, Olivia; Bergmann, Harry; Dick, Andrew; Ayub, Hina [Solar Institute, George Washington University, Washington, DC 20052 (United States); Ghosh, Susanta [Department of Chemistry, George Washington University, Ashburn, VA 20147 (United States); Department of Chemistry, Visva-Bharati, Santiniketan (India)

2010-10-15

A consideration of the economic viability of hydrogen fuel production is important in the STEP (Solar Thermal Electrochemical Photo) production of hydrogen fuel. STEP is an innovative way to decrease costs and increase the efficiency of hydrogen fuel production, which is a synergistic process that can use concentrating photovoltaics (CPV) and solar thermal energy to drive a high temperature, low voltage, electrolysis (water-splitting), resulting in H{sub 2} at decreased energy and higher solar efficiency. This study provides evidence that the STEP system is an economically viable solution for the production of hydrogen. STEP occurs at both higher electrolysis and solar conversion efficiencies than conventional room temperature photovoltaic (PV) generation of hydrogen. This paper probes the economic viability of this process, by comparing four different systems: (1) 10% or (2) 14% flat plate PV driven aqueous alkaline electrolysis H{sub 2} production, (3) 25% CPV driven molten electrolysis H{sub 2} production, and (4) 35% CPV driven solid oxide electrolysis H{sub 2} production. The molten and solid oxide electrolysers are high temperature systems that can make use of light, normally discarded, for heating. This significantly increases system efficiency. Using levelized cost analysis, this study shows significant cost reduction using the STEP system. The total price per kg of hydrogen is shown to decrease from 5.74 to 4.96 to 3.01 to 2.61 with the four alternative systems. The advanced STEP plant requires less than one seventh of the land area of the 10% flat cell plant. To generate the 216 million kg H{sub 2}/year required by 1 million fuel cell vehicles, the 35% CPV driven solid oxide electrolysis requires a plant only 9.6 mi{sup 2} in area. While PV and electrolysis components dominate the cost of conventional PV generated hydrogen, they do not dominate the cost of the STEP-generated hydrogen. The lower cost of STEP hydrogen is driven by residual distribution and

Evaluating the Economic Performance of High-Technology Industry and Energy Efficiency: A Case Study of Science Parks in Taiwan

Directory of Open Access Journals (Sweden)

Min-Ren Yan

2013-02-01

Full Text Available High-technology industries provide opportunities for economic growth, but also raise concerns because of their energy-demanding nature. This paper provides an integrated evaluation of both economic benefits and energy efficiency of high-technology industries based on the real data from one of the globally recognized high-technology industrial clusters, the national science parks in Taiwan. A nation-wide industrial Input-Output Analysis is conducted to demonstrate the positive effects of science parks on national economic developments and industrial upgrades. The concept of energy intensity and an energy-efficient economy index are applied to an integrated assessment of the relationship between economic growth and energy consumption. The proposed case study suggests that economic and energy efficiency objectives can be simultaneously achieved by the development of high-technology industries, while three energy policy implications are considered. First, a nation-wide macro viewpoint is needed and high-technology industries should be considered as parts of the national/regional economies by governmental agencies. Second, a proper industrial clustering mechanism and the shared environmental facilities supported by the government, such as planned land and road usage, electricity and water supply, telecommunications system, sewerage system and wastewater treatments, can improve energy efficiency of high-technology industries. Third, the governmental policies on the taxing and management system in science parks would also direct energy-efficient economy of high-technology industries.

Economic efficiency of environmental management system operation in industrial companies

Science.gov (United States)

Dukmasova, N.; Ershova, I.; Plastinina, I.; Boyarinov, A.

2017-06-01

The article examines the issue of the efficiency of the environmental management system (EMS) implementation in the Russian machine-building companies. The analysis showed that Russia clearly lags behind other developed and developing countries in terms of the number of ISO 14001 certified companies. According to the authors, the main cause of weak system implementation activity is attributed to the lack of interest in ISO 14001 certification on the Russian market. Five-year primary (field) research aimed at the analysis of the environmental priorities of the civilians suggests that the image component of the economic benefits ensures the increase in economic and financial performance of the company due to the increase in customers’ loyalty to the products of the EMS adopter. To quantify economic benefits obtained from EMS implementation, a methodological approach with regard to the image component and the decrease in semi-fixed costs due to the increase in the production scale has been developed. This approach has been tested in a machine-building electrical equipment manufacturer in Ekaterinburg. This approach applied to data processing yields the conclusion that EMS gives a good additional competitive advantage to its adopters.

Environmental policy and economic efficiency: tradable permits versus regulatory instrument to control air pollution: a comparative approach USA/France

International Nuclear Information System (INIS)

Cros, Ch.

1998-12-01

The key issue of the thesis paradox of the weak implementation of economic instruments whereas 1) they are theoretically and also empirically considered as efficient; 2) the market imposes itself as the central reference to modem economies; and 3) economic efficiency is nowadays a legitimacy measure of public policies. Two different answers can be given: either theoretical analysis does not enable to explain the real economic efficiency of a political instrument, or environmental policies do not have economic efficiency as their main objective. The analysis take place in a context of a limited rationality and an inter-temporal consistency of public policies. The purpose is to understand the role of economic efficiency criteria during the adoption, building, and evolution of an environmental policy with an analytical point of view, and not a normative one. The institutional analysis of the American and the French pollution control policies, representative of the implementation of a trading permit system for the first, and of a regulatory instrument for the second, prove that the theoretical analysis of an instrument can not explain a real coordination, but only one organizational form among others. An institutional trajectory is the interpretation of policy instruments of policy instruments from 5 fundamental elements: the nature of the legitimacy of the policy; the nature of the regulator hypothesis on the information; the nature of the decision-making basis; the nature of the collective action. A coordination changes when the occurrence of an event moves one of the fundamental elements, and disorganizes the satisfying equilibrium of the agents. Then, the economic efficiency becomes a negotiation point. A political instrument is adopted for its own ability to solve a dysfunction without disrupting the coordination. (author)

Is the Economic andTesting the Efficient Markets Hypothesis on the Romanian Capital Market

Directory of Open Access Journals (Sweden)

Dragoș Mînjină

2013-11-01

Full Text Available Informational efficiency of capital markets has been the subject of numerous empirical studies. Intensive research of the field is justified by the important implications of the knowledge of the of informational efficiency level in the financial practice. Empirical studies that have tested the efficient markets hypothesis on the Romanian capital market revealed mostly that this market is not characterised by the weak form of the efficient markets hypothesis. However, recent empirical studies have obtained results for the weak form of the efficient markets hypothesis. The present decline period of the Romanian capital market, recorded on the background of adverse economic developments internally and externally, will be an important test for the continuation of recent positive developments, manifested the level of informational efficiency too.

ECONOMIC AND SOCIAL OPERATIONAL EFFICIENCY OF MARKET DISTRIBUTION OF INCOME: APPROACHES TO EVALUATION

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Z. Halushka

2015-03-01

Full Text Available This article provides a comparison between scientific approaches to understanding the economic and social efficiency of market income distribution. Based on multidisciplinary approaches the essence of the concepts of fairness and efficiency in the distribution; explored approaches to combining efficiency and equity used in policy income distribution at different levels of management; the possible social and economic consequences of ineffective regulation of income in today’s economy. The analysis is based on comparing the four concepts of justice that are considered socially efficient. Considered: utilitarian, formulated by J. Bentham; egalitarian, which provides for equal distribution; market (liberal approach – to polar egalitarian and roulzianskyy that treats justice as fairness, approaches. Based on the generalization of existing approaches analyzed method of estimating social justice in the distribution and the possibility of its application. The structure of the article includes the following sections: 1.Views on terms of efficiency and equity in the distribution of resources and income; 2. Classical and modern approaches to combining efficiency and equity in the distribution; 3. Conflicts combination of the principles of fairness and efficiency in the distribution of incomes policy. The authors also noted that the uneven distribution of income acts as an objective reality, and the question is to prevent dangerous indicators of this unevenness. Market income distribution does not guarantee every person an acceptable level of income. The causes of irregularity are: differences in abilities, mental as well as physical; differences in possession of the property, in the educational level and group reasons associated with luck, chance, surprise win more. This is a definite social injustice market. State, taking a significant share of responsibility for maintaining a basic human right to a dignified life, organizes redistribution.

Influence of cable losses on the economic analysis of efficient and sustainable electrical equipment

International Nuclear Information System (INIS)

Lobão, J.A.; Devezas, T.; Catalão, J.P.S.

2014-01-01

Increasing energy needs are accompanied by environmental responsibilities, since nowadays electricity companies operate in a competitive and sustainable energy framework. In this context, any proposal for action on energy efficiency becomes important for consumers to minimize operational costs. In electrical installations, electricity consumption can be decreased by reducing losses in the cables, associated with the overall efficiency of the equipment, allowing a better use of the installed power. The losses must be analysed in conjunction with all loads that contribute to the currents in the sections of an electrical installation. When replacing equipment in output distribution boxes with more efficient ones, the current in those sections is reduced in association with the decrease in power losses. This decrease, often forgotten, is taken into account in this work for the economic analysis of efficiency and sustainable electrical equipment. This paper presents a new software application that compares and chooses the best investment in the acquisition of electrical equipment. Simulation results obtained with the new software application are provided and are then validated with experimental results from a real electrical installation. - Highlights: • Any proposal for action on energy efficiency is important for consumers. • Electricity consumption can be decreased by reducing losses in the cables. • A new software application that compares and chooses the best investment is provided. • The economic analysis of efficiency and sustainable electrical equipment is carried out. • Simulation results are validated with experimental results from a real electrical installation

Analysis of the influence of external factors on efficiency of use of resource potential and economic growth of the region

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M. P. Vasiliev

2017-01-01

Full Text Available In the article are described and analyzed the influence of factors of external and internal environments on maintaining the planned economic growth, efficient use of the resource potential of the regional economic complex. Are provided methods of analysis and comprehensive measures to maintain the planned pace of economic growth of the region, expansion of competitive advantages. Enlargement and generalization determine the impact of economic environmental factors, in accordance with the duration of optimization and changes in the business cycle, provide a high level of confidence in the estimates of the impact of the macro environment on the process of achieving economic success, efficient use of the resource potential of the regional economic complex. Analysis of the internal conditions of region is carried out by management on the basis of establishing the optimal values of the distribution of the resource potential for high-priority, economically viable, and socially important areas of efficient use of logistical, labor, information, and natural resources, analysis of the current or having a tendency to the formation of informal communities in the sectoral components of economic activities, industrial complexes and social services. The possibilities of the availability and abilities of the region to influence the structural components in achieving the economic and financial goals of the activity are considered, including ensuring sustainable dynamics in increasing the efficiency of regional production, providing competitive advantages in the use of consumed resources. The factors proposed for consideration, different management of the regional economy, contribute to the creation of both formal and informal organizational and economic communities, taking into account the interests of all its participants. In addition, mechanisms and tools are proposed that facilitate the creation of favorable conditions for participants in informal clusters

Economic rationalism and the cost efficiency of hospital chaplaincy: an Australian study.

Science.gov (United States)

Newell, C; Carey, L B

2000-01-01

Health care reform is also occurring in Australia and effects hospital chaplaincy programs. "Economic rationalism" is the philosophic foundation of this effort and its contrast with the values inherit in hospital chaplaincy are highlighted. Selected research results from the Australian system are described and the authors offer a perspective on the cost efficiency of hospital chaplaincy.

Factors that are influencing the economical efficiency of the CHP plants

International Nuclear Information System (INIS)

Ruieneanu, Liviu; Ion, Mircea

2004-01-01

This paper presents some factors that might influence the economical efficiency of a cogeneration plant. These factors are: the understanding of the fuel economy at consumers; - the influence of the electricity production efficiency; - the influence of exergy losses. The statistical data for different countries of Europe show that under the conditions of a deregulated liberalized market of energy the cogeneration plants have numerous financial difficulties. Even if the use of cogeneration ensures a fuel saving, if this economy it is not obvious for the consumers, those consumers might prefer for the production of heat the use of a heat only generating plant. This trend might spread rapidly if the increase of the electricity will not be present immediately in the bill of the consumers that renounce to the heat produced by the CHP plant. The method used for cost allocation on both types of energy has also a great importance, because it might facilitate the rehabilitation measures and doing so it might allow lower prices for both types of energy. Perhaps the most important factor for the economical efficiency of the plant are the exergy losses. The analysis presented above shows two things, namely: - that the electricity production has a very high price, and this cost might be lowered down by some rehabilitation measures (for example repowering); - and that the heat only plants (boilers) are not affected by the exergy losses and that's why if we analyse only the heat production, the use of cogeneration might seem inappropriate

Political and Economic Decisions and Competition – What is the Efficient Antimonopoly Policy?

Directory of Open Access Journals (Sweden)

Irakli Lekvinadze

2014-03-01

Full Text Available This article discusses the influence of economic decisions which affect the antitrust and competition support policies. Many countries provide governmental initiatives for improving antirust legislation. There is an effort to develop efficient legislation, to define market boundaries, to identify dominating companies, and to prevent cartel development. A review of the literature has shown that refined legislation does not work. Qualified and non-politicized economic decisions are required to provide fair and equitable competition in the marketplace. The discussions of various researchers are profiled on the economic issues. This article analyzes The Republic of Georgia’s 20 year unique market experiences in Eastern Europe. Recommendations have been proposed to increase the effectiveness of an anti-monopoly policy. Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4

Relationship among performance, carcass, and feed efficiency characteristics, and their ability to predict economic value in the feedlot.

Science.gov (United States)

Retallick, K M; Faulkner, D B; Rodriguez-Zas, S L; Nkrumah, J D; Shike, D W

2013-12-01

A 4-yr study was conducted using 736 steers of known Angus, Simmental, or Simmental × Angus genetics to determine performance, carcass, and feed efficiency factors that explained variation in economic performance. Steers were pen fed and individual DMI was recorded using a GrowSafe automated feeding system (GrowSafe Systems Ltd., Airdrie, Alberta, Canada). Steers consumed a similar diet and received similar management each year. The objectives of this study were to: 1) determine current economic value of feed efficiency and 2) identify performance, carcass, and feed efficiency characteristics that predict: carcass value, profit, cost of gain, and feed costs. Economic data used were from 2011 values. Feed efficiency values investigated were: feed conversion ratio (FCR; feed to gain), residual feed intake (RFI), residual BW gain (RG), and residual intake and BW gain (RIG). Dependent variables were carcass value ($/steer), profit ($/steer), feed costs ($/steer • d(-1)), and cost of gain ($/kg). Independent variables were year, DMI, ADG, HCW, LM area, marbling, yield grade, dam breed, and sire breed. A 10% improvement in RG (P Profit increased with a 10% improvement in feed efficiency (P profit. Eighty-five percent of the variation in cost of gain was explained by ADG, DMI, HCW, and year. Prediction equations were developed that excluded ADG and DMI, and included feed efficiency values. Using these equations, cost of gain was explained primarily by FCR (R(2) = 0.71). Seventy-three percent of profitability was explained, with 55% being accounted for by RG and marbling. These prediction equations represent the relative importance of factors contributing to economic success in feedlot cattle based on current prices.

The effect of economic factors and energy efficiency programs on residential electricity consumption

Science.gov (United States)

Sakai, Mihoko

Many countries have implemented policies to correct market and behavioral failures that lead to inefficient energy use. It is important to know what factors and policies can effectively overcome such failures and improve energy efficiency; however, a comprehensive analysis has been difficult because of data limitations. Using state scores compiled by American organizations recently, and adopting fixed-effects regression models, I analyze the joint impacts of relevant factors and policy programs on residential electricity consumption in each U.S. state. The empirical results reveal that increases in electricity price have small and negative effects, and increases in personal income have positive effects on residential electricity sales per capita (a measure of energy efficiency). The results suggest that it may take time for economic factors to affect electricity sales. The effects of personal income suggest the difficulty of controlling residential electricity consumption; however, they also imply that there is some room in households to reduce electricity use. The study also finds that programs and budgets of several policies seem to be associated with electricity sales. The estimates from a model including interaction terms suggest the importance of including multiple policies when analyzing and designing policies to address electricity efficiency. The results also imply the possibility of rebound effects of some policies, whereby improvements in energy efficiency lead to increases in energy consumption due to the associated lower per unit cost. Future studies should analyze both short-term and long-term effects of economic factors and policies, based on improved and accumulated time series and panel data, in order to design more effective policies for improving residential electricity efficiency.

Economic Efficiency of Innovative Materials for Sectors of Economy

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Miroshnikova Tatyana

2016-01-01

Full Text Available The paper proposes an approach to the assessment of the economic efficiency of innovative anti-corrosion coatings for sectors of the national economy of the Russia on the basis of a synthesis of strategic sectoral and cost analysis. According to the authors, a comparative analysis of composite polymeric anticorrosion protecting coatings with similar products, estimating of direct and indirect economic effect and prognosis of implementation, forms a deeper understanding of the role of innovative technologies in the Russian state development of import substitution, the investment attractiveness of Russian industries in the new part technologies, applied research activities of private companies. Metal consumption sectors of the economy were chosen as an object of research, as they are characterized by the use of the following products: industrial construction and reconstruction, nuclear and thermal power, chemical, oil and gas, utilities, food processing, automotive, shipbuilding, aviation and rocket science, other industry. Basic modeling of implementation of anticorrosion protecting coatings in industrial enterprises was carried out on the basis of generating energy enterprises as one of the main end-users of anti-corrosive materials that also issue accurate statements.

Health economics, equity, and efficiency: are we almost there?

Directory of Open Access Journals (Sweden)

Ferraz MB

2015-02-01

Full Text Available Marcos Bosi Ferraz1,21Department of Medicine, Escola Paulista de Medicina, Federal University of São Paulo, São Paulo, Brazil; 2São Paulo Center for Health Economics (GRIDES, Escola Paulista de Medicina, Federal University of São Paulo, São Paulo, Brazil Abstract: Health care is a highly complex, dynamic, and creative sector of the economy. While health economics has to continue its efforts to improve its methods and tools to better inform decisions, the application needs to be aligned with the insights and models of other social sciences disciplines. Decisions may be guided by four concept models based on ethical and distributive justice: libertarian, communitarian, egalitarian, and utilitarian. The societal agreement on one model or a defined mix of models is critical to avoid inequity and unfair decisions in a public and/or private insurance-based health care system. The excess use of methods and tools without fully defining the basic goals and philosophical principles of the health care system and without evaluating the fitness of these measures to reaching these goals may not contribute to an efficient improvement of population health. Keywords: health care, health care system, population health

The efficiency frontier approach to economic evaluation of health-care interventions.

Science.gov (United States)

Caro, J Jaime; Nord, Erik; Siebert, Uwe; McGuire, Alistair; McGregor, Maurice; Henry, David; de Pouvourville, Gérard; Atella, Vincenzo; Kolominsky-Rabas, Peter

2010-10-01

IQWiG commissioned an international panel of experts to develop methods for the assessment of the relation of benefits to costs in the German statutory health-care system. The panel recommended that IQWiG inform German decision makers of the net costs and value of additional benefits of an intervention in the context of relevant other interventions in that indication. To facilitate guidance regarding maximum reimbursement, this information is presented in an efficiency plot with costs on the horizontal axis and value of benefits on the vertical. The efficiency frontier links the interventions that are not dominated and provides guidance. A technology that places on the frontier or to the left is reasonably efficient, while one falling to the right requires further justification for reimbursement at that price. This information does not automatically give the maximum reimbursement, as other considerations may be relevant. Given that the estimates are for a specific indication, they do not address priority setting across the health-care system. This approach informs decision makers about efficiency of interventions, conforms to the mandate and is consistent with basic economic principles. Empirical testing of its feasibility and usefulness is required.

After-installation service, a contribution to enhanced economic efficiency of reactors

International Nuclear Information System (INIS)

Bilger, H.

1996-01-01

After-installation service agreements are concluded in general for the following plant systems or tasks: power operation, inspection and repair during outages, plant enhancements (retrofitting), instrumentation and control (software). The paper gives various examples selected from power plant practice in Germany, showing that service contracts are a major factor contributing to maintaining economic efficiency, or enhancing it. Examples of nuclear power plant management abroad relying on service contracts are also given (USA, France, Japan). (orig./HP) [de

Study on degrading graphene oxide in wastewater under different conditions for developing an efficient and economical degradation method.

Science.gov (United States)

Li, Ting; Zhang, Chao-Zhi; Gu, Chengyue

2017-12-01

With popular application of graphene and graphene oxide (GO), they have been discharged into water. Graphene and GO harm organisms. However, an efficient and economical method for removing graphene and GO in wastewater has seldom been reported. Graphene can be oxidized by hydrogen peroxide to give GO; therefore, degradation of graphene oxide is an important step in the procedure of removal of graphene from water. In this paper, GO degradation via photo-Fenton reaction under different conditions was carried out. Experimental results suggested that GO in wastewater can be efficiently and economically degraded into carbon dioxide and H 2 O when pH value is 3, concentration of H 2 O 2 and FeCl 3 are 35 mM and 5 ppm, respectively. Degradation mechanism of GO was suggested based on UV-vis absorption spectra, scanning electron microscopy, X-ray diffraction and liquid chromatography-mass spectra data of degradation intermediates. This paper suggests an efficient and economical degradation way of GO in wastewater.

EFFICIENCY OF EDUCATIONAL INNOVATIVE TECHNIQUES IN TEACHING FINANCIAL AND ECONOMIC DISCIPLINES (BASED ON SOCIAL RESEARCH

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Irina Konstantinovna Bitkina

2013-11-01

Full Text Available Importance of the presented study consists in need of the introduction innovation educational technology when teaching in high educational institutions. Objectivity specified need you-is the Russian system of the higher education called by turning on standards within the framework of Bolognaagreement. Existing in persisting time scientific studies and practical developments in incomplete measure touch in-ask, concerning using educational innovation technology in the field of teaching social-humanitarian sciences, including coursesfinancial-economic profile. Considering aforesaid, purpose persisting studies is a development of the methodical approach to estimation of efficiency of the using educational innovation and proving of the directions on improvement of their use in high school thrifty persons of the profile when learning student discipline to specialization. In the course of undertaking the study were used methods of the collection and processing statistical and sociological information, summeries and groups got data, quantitative estimation to efficiency applicable technology. The Results of the study touch the methodical questions of the estimation to efficiency educational innovation in high school financial-economic profile and practical aspects of their use when teaching of discipline to specialization beside student.Purpose: development methodical approach educational innovation estimation and proving ways of improving using educational innovation in the economical universities.Methodology: statistical summary, statistical grouping, sociological questioning, effectivity estimation, comparative analyses.Results:1 ways of effectivity estimation educational innovation using were revealed;2 the practical recommendation for improving using educational innovation  were proved.Practical implications: educational activity in the socio-economical higher institutions.DOI: http://dx.doi.org/10.12731/2218-7405-2013-8-37

OPTICAL FIBER SENSOR TECHNOLOGIES FOR EFFICIENT AND ECONOMICAL OIL RECOVERY

Energy Technology Data Exchange (ETDEWEB)

Anbo Wang; Kristie L. Cooper; Gary R. Pickrell

2003-06-01

Efficient recovery of petroleum reserves from existing oil wells has been proven to be difficult due to the lack of robust instrumentation that can accurately and reliably monitor processes in the downhole environment. Commercially available sensors for measurement of pressure, temperature, and fluid flow exhibit shortened lifetimes in the harsh downhole conditions, which are characterized by high pressures (up to 20 kpsi), temperatures up to 250 C, and exposure to chemically reactive fluids. Development of robust sensors that deliver continuous, real-time data on reservoir performance and petroleum flow pathways will facilitate application of advanced recovery technologies, including horizontal and multilateral wells. This is the final report for the four-year program ''Optical Fiber Sensor Technologies for Efficient and Economical Oil Recovery'', funded by the National Petroleum Technology Office of the U.S. Department of Energy, and performed by the Center for Photonics Technology of the Bradley Department of Electrical and Computer Engineering at Virginia Tech from October 1, 1999 to March 31, 2003. The main objective of this research program was to develop cost-effective, reliable optical fiber sensor instrumentation for real-time monitoring of various key parameters crucial to efficient and economical oil production. During the program, optical fiber sensors were demonstrated for the measurement of temperature, pressure, flow, and acoustic waves, including three successful field tests in the Chevron/Texaco oil fields in Coalinga, California, and at the world-class oil flow simulation facilities in Tulsa, Oklahoma. Research efforts included the design and fabrication of sensor probes, development of signal processing algorithms, construction of test systems, development and testing of strategies for the protection of optical fibers and sensors in the downhole environment, development of remote monitoring capabilities allowing real

A Methodology for the Estimation of the Wind Generator Economic Efficiency

Science.gov (United States)

Zaleskis, G.

2017-12-01

Integration of renewable energy sources and the improvement of the technological base may not only reduce the consumption of fossil fuel and environmental load, but also ensure the power supply in regions with difficult fuel delivery or power failures. The main goal of the research is to develop the methodology of evaluation of the wind turbine economic efficiency. The research has demonstrated that the electricity produced from renewable sources may be much more expensive than the electricity purchased from the conventional grid.

The impact of economic growth on environmental efficiency of the electricity sector: A hybrid window DEA methodology for the USA.

Science.gov (United States)

Halkos, George E; Polemis, Michael L

2018-04-01

This paper estimates the efficiency of the power generation sector in the USA by using Window Data Envelopment Analysis (W-DEA). We integrate radial and non-radial efficiency measurements in DEA using the hybrid measure while we extend the proposed model by considering good and undesirable outputs as separable and non separable. Then in the second stage, we perform parametric and non-parametric econometric techniques in order to model the relationship between the calculated environmental efficiencies and economic growth in attaining sustainability. Our empirical findings indicate a stable N-shape relationship between environmental efficiency and regional economic growth in the case of global and total pollutants but an inverted N-shape in the case of local pollutants. This implies that attention is required when considering local and global pollutants and the extracted environmental efficiency scores. A clear message to policy makers and government officials is that climate change which calls for economic, environmental and social concern should be analyzed according to its dispersion and regional dimension. Copyright © 2018 Elsevier Ltd. All rights reserved.

Industrial energy efficiency: Interdisciplinary perspectives on the thermodynamic, technical and economic constraints

OpenAIRE

McKenna, Russell

2009-01-01

Overreliance on energy from fossil fuels is unsustainable because of their regional depletion and associated environmental impacts. The British industrial sector accounts for around one fifth of final energy demand and one third of carbon emissions nationally. This thesis attempts to quantify the potential for industrial energy efficiency from the current baseline, by adopting thermodynamic and economic perspectives. The methodology involves a top-down analysis of energy trends within the man...

ANALYSIS OF INFLUENCE FACTORS OF ECONOMIC EFFICIENCY ON THE ECONOMY OF THE INTEGRATED STRUCTURES

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I. P. Bogomolova

2014-01-01

Full Text Available Currently in Russia, special attention is paid to the food industry, providing a key influence on the state's economy and food security of the country. The food industry not only creates substantial part of the gross domestic product, which is one of the main sources of fillings budgets of all levels, and contributes to the strengthening of the state in world markets. These circum-stances make it necessary to increase the efficiency of industrial structures by mobilizing factors affecting the economy of enterprises, including by shifting emphasis on the integration of food industry enterprises in General competitiveness of the goods produced, the stability of the entire industry, its leading industries and organizations. The article substantiates the expediency of application of integrated structures, discusses the methods and tools of analysis of influence factors of economic efficiency on the economy of inte-grated structures. Evaluation is recommended in two key areas: assessment of the financial condition and evaluation of training and development of staff, taking into account the strategic objectives of integrated structures. The analysis makes it possible to correctly allocate financial resources and to achieve balanced economic performance management through more effective use of credit re-sources, the rational management of economic parameters optimization of the number of employees and production capacity.

Efficiency and economic benefits of skipjack pole and line (huhate) in central Moluccas, Indonesia

Science.gov (United States)

Siahainenia, Stevanus M.; Hiariey, Johanis; Baskoro, Mulyono S.; Waeleruny, Wellem

2017-10-01

Excess fishing capacity is a crucial problem in marine capture fisheries. This phenomenon needed to be investigated regarding sustainability and development of the fishery. This research was aimed at analyzing technical efficiency (TE) and computing financial aspects of the skipjack pole and line. Primary data were collected from the owners of the fishing units at the different size of gross boat tonnage (GT), while secondary data were gathered from official publications relating to this research. Data envelopment analysis (DEA) approach was applied to estimate technical efficiency whereas a selected financial analysis was utilized to calculate economic benefits of the skipjack pole and line business. The fishing units with a size of 26-30 GT provided a higher TE value, and also achieved larger economic benefit values than that of the other fishing units. The empirical results indicate that skipjack pole and line in the size of 26-30 GT is a good fishing gear for the business development in central Moluccas.

[Grounding public health policies in ethics and economic efficiency. SESPAS report 2010].

Science.gov (United States)

Ramiro Avilés, Miguel A; Lobo, Félix

2010-12-01

In recent times, various voices in Spain have questioned public health policies as an assault to personal freedom. The present article aims to respond to these voices with ethical and economic arguments. The scope and characteristics of this current of opinion are described. Then, starting with John Stuart Mill, the ethical principles of non-maleficence, beneficence, personal autonomy and justice, as well as related concepts taken from economic efficiency, such as externalities, monopoly, incomplete and asymmetric information, agency relationship, public goods and adverse selection, are discussed. A short mention is made of equity in economics, the welfare state and public health systems. The justification for paternalist actions by the state, as well as limits to these actions, are briefly discussed. Respect for individual freedom does not exclude the implementation of public health actions but rather demands the adoption of such policies. If these actions comply with certain conditions, they do not limit individual freedom but rather serve to protect it. Copyright © 2010 SESPAS. Published by Elsevier Espana. All rights reserved.

Ecological and economical efficiency of monitoring systems for oil and gas production on the shelf

Science.gov (United States)

Kurakin, A. L.; Lobkovsky, L. I.

2014-02-01

Requirements for signals' reliability of monitoring systems (with respect to the errors of the 1st and 2nd kinds, i.e., false alarms and skipping of danger) are deduced from the ratio of expenditures of different kinds (of exploitation expenses and losses due to accidents). The expressions obtained in the research may be used for economic foundations (and optimization) of specifications for monitoring systems. In cases when optimal parameters are not available, the sufficient condition of monitoring systems economical efficiency is presented.

Evaluation of economic and technical efficiency of diesel engines operation on the basis of volume combustion rate

Directory of Open Access Journals (Sweden)

І. О. Берестовой

2016-11-01

Full Text Available The article deals with a new approach to evaluation of complex efficiency of diesel engines. Traditionally, cylinder’s capacity, rotation frequency, average efficient pressure inside cylinder, piston’s stroke, average piston’s velocity, fuel specific consumption and other indices are used as generalizing criteria, characterizing diesel engine’s efficiency, but they do not reflect interrelation between engine’s complex efficiency and a set of economic, mass-dimensional, operational and ecological efficiency. The approach applied in the article makes it possible to reveal the existing and modify the existing methods of solving the problem of improving diesel engine’s efficiency with due regard to interrelation of the parameters, characterizing efficiency of their operation. Statistic analyses were carried out, on the basis of which an assumption regarding the existence of interrelation between specific fuel consumption and the analyzed engine’s parameters was made. Processing of statistical data for various analyzed functions of diesel engines helped offer a function, illustrating the link between volume combustion rate, piston’s area and nominal theoretical specific fuel consumption. Interrelation between volume combustion rate, nominal parameters of diesel operation and efficiency indices, obtained by processing statistical data of more than 500 models of diesels of different series was evaluated, the main feature of it being a mathematical trend. The analysis of the obtained function makes it possible to establish an interrelation between economic efficiency of a diesel, its main index being specific fuel consumption and volume combustion rate and design peculiarities

Economic efficiency versus social equality? The U.S. liberal model versus the European social model.

Science.gov (United States)

Navarro, Vicente; Schmitt, John

2005-01-01

This article begins by challenging the widely held view in neoliberal discourse that there is a necessary trade-off between higher efficiency and lower reduction of inequalities: the article empirically shows that the liberal, U.S. model has been less efficient economically (slower economic growth, higher unemployment) than the social model in existence in the European Union and in the majority of its member states. Based on the data presented, the authors criticize the adoption of features of the liberal model (such as deregulation of their labor markets, reduction of public social expenditures) by some European governments. The second section analyzes the causes for the slowdown of economic growth and the increase of unemployment in the European Union--that is, the application of monetarist and neoliberal policies in the institutional frame of the European Union, including the Stability Pact, the objectives and modus operandi of the European Central Bank, and the very limited resources available to the European Commission for stimulating and distributive functions. The third section details the reasons for these developments, including (besides historical considerations) the enormous influence of financial capital in the E.U. institutions and the very limited democracy. Proposals for change are included.

HE CONVERSION OF THE EFFICIENCY OF LABOR, RESPECTIVELY OF LABOR PRODUCTIVITY IN THE ECONOMIC AND COMMERCIAL RATE OF RETURN

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Constantin CĂRUNTU

2010-12-01

Full Text Available Generally, an activity is considered to be efficient if the production implies low costs or if the revenues from selling the products on the market outweigh the expenditures that were made to achieve them. Labor productivity as an efficiency indicator of a production process represents an expression of the relationship between effect (products, services and effort (work means, labor force, work items. Through the labor productivity conversion in rates of return (economic and commercial is determined an evolution and an influence on these rates, driving the company’s own efforts to innovate, produce and harness goods, works and services with maximum utility, efficiency and competitiveness services. The aim of this paper is to highlight the work efficiency, respectively the labor productivity detached from the factorial context in the trade and economic rates of return. The introduction presents some general aspects referring to labor productivity, then it will be presented and discussed the analytical methods used in the process of reflecting the labor productivity in the rates of return, the results analysis, and at the end of this paper it will be presented some conclusions based on the study case. The expected results consist in identifying the mechanisms by which labor efficiency is converted into the company’s economic and financial performance.

Efficiency Assessment of Economic International Cooperation in Development of Arctic Offshore Oil and Gas Resources

Directory of Open Access Journals (Sweden)

Polina V. Beresneva

2015-01-01

Full Text Available The research is focused on efficiency assessment of economic cooperation in development of Arctic offshore oil and gas resources. The author developed an economic model based on cost-benefit analysis (CBA. CBA is used in some countries (EU, USA, Australia as an analytic tool to make public policy decisions. CBA is based on the method of discounting cash flows associated with costs and benefits of public policy. It is assumed that all public goals are equally important inter alia, hence public bodies should opt for those initiatives that maximize public benefits for every dollar spent from the state budget. There are five stages of economic modeling: 1 the definition of public benefits and costs associated with the public initiative; 2 monetary valuation of costs and benefits; 3 the definition of discounting period and discounting rate; 4 the calculation of net present value of cash flows; 5 the comparison of initiatives' net present values. The model is built with a number of hypotheses assumed. It allows making evaluation of investments into the technology to decrease the cost of Arctic offshore oil and gas development. Moreover, the model has two scenarios describing a public policy to support technology development with international economic cooperation and without it. Under given hypotheses both scenarios return positive net present value of policies which proves that governmental initiative to support Arctic technology development is economically justified. Also the model sows that the scenario with international cooperation is more efficient from economic point of view. It is explained by two factors: the higher speed of technology transfer (due W international cooperation and the opportunity to use financial leverage (attracting the funds from foreign partners. The model allows closing the existing scientific gap between the theory of CBA method and its practical use in public decision making.

Performance and economic analysis of a plug and play regenerative brake for improving energy efficiency for traction elevators

Science.gov (United States)

Jeraputra, Chuttchaval; Tiptipakorn, Supun

2017-05-01

This paper presents performance and economic analysis of a plug and play regenerative brake for improving energy efficiency for traction elevators. The proposed regenerative brake recycles the energy loss of a dynamic brake and feeds into the grid while an elevator inverter is operating in the braking mode. According to field measurement of energy consumption, it reveals that the efficiency can be improved as much as 18%. The prototype of a regenerative brake 12 kW, 400V, 3ϕ is developed and tested on an elevator simulator. It is shown that it can transfer energy out of a DC capacitor before the dynamic brake kicks in. Further, an economic analysis is provided to carry out the payback period and the present worth equivalent to confirm economic feasibility.

Plug-in hybrid electric vehicles: Economic efficiency and market chances of different business models; Plug-in Hybridfahrzeuge: Wirtschaftlichkeit und Marktchancen verschiedener Geschaeftsmodelle

Energy Technology Data Exchange (ETDEWEB)

Hackbarth, Andre; Schuermann, Gregor [RWTH Aachen (Germany). Lehrstuhl fuer Wirtschaftswissenschaften insb. Energieoekonomik,; RWTH Aachen (DE). E.ON Energy Research Center, Institut fuer Future Energy Consumer Needs and Behavior (FCN); Madlener, Reinhard [Technische Hochschule Aachen (DE). Lehrstuhl fuer Verbrennungskraftmaschinen (VKA)

2009-07-15

The German traffic sector is strongly dependent on fossil fuels. Electric vehicles could reduce this dependence and also help to keep CO2 emissions low. Plug-in hybrid electric vehicles (PHEV) are a technology option that may facilitate the transition to electromobility. The authors investigate the economic efficiencies and amortisation periods of PHEV on the basis of two different business models, i.e. passenger cars (compact and medium-sized) and light vans. It is shown that under the assumed boundary conditions PHEV are not economically efficient at present. The influence of various parameters on economic efficiency and amortisation period is investigated by means of a sensitivity analysis. (orig.)

Modelling efficient innovative work: integration of economic and social psychological approaches

Directory of Open Access Journals (Sweden)

Babanova Yulia

2017-01-01

Full Text Available The article deals with the relevance of integration of economic and social psychological approaches to the solution of enhancing the efficiency of innovation management. The content, features and specifics of the modelling methods within each of approaches are unfolded and options of integration are considered. The economic approach lies in the generation of the integrated matrix concept of management of innovative development of an enterprise in line with the stages of innovative work and the use of the integrated vector method for the evaluation of the innovative enterprise development level. The social psychological approach lies in the development of a system of psychodiagnostic indexes of activity resources within the scope of psychological innovative audit of enterprise management and development of modelling methods for the balance of activity trends. Modelling the activity resources is based on the system of equations accounting for the interaction type of psychodiagnostic indexes. Integration of two approaches includes a methodological level, a level of empirical studies and modelling methods. There are suggested options of integrating the economic and psychological approaches to analyze available material and non-material resources of the enterprises’ innovative work and to forecast an optimal option of development based on the implemented modelling methods.

Economic efficiency of the use of the bush vegetation from slopes of the ameliorative canals

International Nuclear Information System (INIS)

Titov, V.N.

2009-01-01

The results of calculations of the economic efficiency of the use of the bush vegetation from slopes of the ameliorative canals for fuel and energy purposes has been presented. The two variants of disposal of bushes are considered burning and conversion into fuel chips. (authors)

Is Municipal Solid Waste Recycling Economically Efficient?

Science.gov (United States)

Lavee, Doron

2007-12-01

It has traditionally been argued that recycling municipal solid waste (MSW) is usually not economically viable and that only when externalities, long-term dynamic considerations, and/or the entire product life cycle are taken into account, recycling becomes worthwhile from a social point of view. This article explores the results of a wide study conducted in Israel in the years 2000 2004. Our results reveal that recycling is optimal more often than usually claimed, even when externality considerations are ignored. The study is unique in the tools it uses to explore the efficiency of recycling: a computer-based simulation applied to an extensive database. We developed a simulation for assessing the costs of handling and treating MSW under different waste-management systems and used this simulation to explore possible cost reductions obtained by designating some of the waste (otherwise sent to landfill) to recycling. We ran the simulation on data from 79 municipalities in Israel that produce over 60% of MSW in Israel. For each municipality, we were able to arrive at an optimal method of waste management and compare the costs associated with 100% landfilling to the costs born by the municipality when some of the waste is recycled. Our results indicate that for 51% of the municipalities, it would be efficient to adopt recycling, even without accounting for externality costs. We found that by adopting recycling, municipalities would be able to reduce direct costs by an average of 11%. Through interviews conducted with representatives of municipalities, we were also able to identify obstacles to the utilization of recycling, answering in part the question of why actual recycling levels in Israel are lower than our model predicts they should be.

Economic efficiency, independent power producers and wheeling

International Nuclear Information System (INIS)

Fytche, E.L.

1991-01-01

Traditionally, electric utilities have sought to decrease the cost of production by such means as merit order running of machines, by improving equipment efficiency, by fuel mix, by interconnection and exchange of cheap energy, and by unit participation and firm purchase and sale contracts for long term savings. In the ''new look'', it was suggested that financial and technical competition is not enough, and that economic gains could be achieved through fostering independent power producers, i.e., non-utility generators (NUG's), greater exchanges of economy energy, unrestricted access to the transmission network for moving cheap energy through facilities of third parties, and by bidding to supply energy to non-generators, etc. Naturally, the proposals to change the comfortable and time-hallowed practices by which utility business had been carried out in the past has created an ongoing debate both pro and con, much of it acrimonious, and, unfortunately, some of it ill-informed. The turmoil in the political context impacts on a utility's technical and financial planners, and on their managements, all of whom contribute to justifying and maintaining the flow of capital to the industry and energy to the customer. They must now seek new ways to implement both short- and long-term planning of power supply. Some of the factors that were neglected in the past will demand more attention in the future. This paper discusses some of the costs that, under the anticipated modus operandi, must be integrated into the planning process while meeting the new challenges. The costs are those relating to third-parties, costs of transmission constraints, and costs of wheeling. The opinion is ventured that much of the efficiency improvement anticipated during the debate has already been achieved by conscientious utility managements. (author)

Impact of energy efficiency measures on the economic value of buildings

International Nuclear Information System (INIS)

Popescu, Daniela; Bienert, Sven; Schuetzenhofer, Christian; Boazu, Rodica

2012-01-01

Highlights: → Market driven reasons can strengthen implementation of energy policies in buildings. → Methods that quantify the added value due to energy performance are developed. → Recommendations on how they can be incorporated in the financial analysis are presented. → Case studies on some existing condominiums from Romania are analyzed. → The market sensitivity to energy efficiency measures is also in the focus. -- Abstract: A main objective of energy policies is to make all levels of the society, from governments to citizen, interested in increasing the energy efficiency of buildings. One of the most important barriers in implementation of energy policies is that the cost of potential energy savings, typically considered being the only financial benefit, does not sufficiently motivate investments. The target is therefore to identify further possible drivers pushing positive reaction according to energy saving action. The paper discusses whether a market-based instrument, capturing the increase of the economic value of energy efficient buildings, can be also used. Methods that quantify the added value due to energy performance, including recommendations on how they can be incorporated in the financial analysis of investments in weatherization, are developed. By applying the proposed methods, the payback period of investments in energy efficiency measures depends on two factors: potential energy savings and the added value to the property. Case studies on some existing condominiums from Romania are analyzed and provide evidence to the research question. The market sensitivity to energy efficiency measures, the possibility of an intangible added value as well as the impact to financial investment decisions is subsequently in the focus.

Economic values for health and feed efficiency traits of dual-purpose cattle in marginal areas.

Science.gov (United States)

Krupová, Z; Krupa, E; Michaličková, M; Wolfová, M; Kasarda, R

2016-01-01

Economic values of clinical mastitis, claw disease, and feed efficiency traits along with 16 additional production and functional traits were estimated for the dairy population of the Slovak Pinzgau breed using a bioeconomic approach. In the cow-calf population (suckler cow population) of the same breed, the economic values of feed efficiency traits along with 15 further production and functional traits were calculated. The marginal economic values of clinical mastitis and claw disease incidence in the dairy system were -€ 70.65 and -€ 26.73 per case per cow and year, respectively. The marginal economic values for residual feed intake were -€ 55.15 and -€ 54.64/kg of dry matter per day for cows and breeding heifers in the dairy system and -€ 20.45, -€ 11.30, and -€ 6.04/kg of dry matter per day for cows, breeding heifers, and fattened animals in the cow-calf system, respectively, all expressed per cow and year. The sums of the relative economic values for the 2 new health traits in the dairy system and for residual feed intake across all cattle categories in both systems were 1.4 and 8%, respectively. Within the dairy production system, the highest relative economic values were for milk yield (20%), daily gain of calves (20%), productive lifetime (10%), and cow conception rate (8%). In the cow-calf system, the most important traits were weight gain of calves from 120 to 210 d and from birth to 120 d (19 and 14%, respectively), productive lifetime (17%), and cow conception rate (13%). Based on the calculation of economic values for traits in the dual-purpose Pinzgau breed, milk production and growth traits remain highly important in the breeding goal, but their relative importance should be adapted to new production and economic conditions. The economic importance of functional traits (especially of cow productive lifetime and fertility) was sufficiently high to make the inclusion of these traits into the breeding goal necessary. An increased interest

Breaking out of the economic box: energy efficiency, social rationality and non-economic drivers of behavioral change

Energy Technology Data Exchange (ETDEWEB)

Ehrhardt-Martinez, Karen; Laitner, John A. ' Skip' (ACEEE, American Council for an Energy-Efficient Economy, Washington, D.C. (United States))

2009-07-01

Energy concerns are increasingly on people's minds. According to a recent Gallup poll, nearly 30 percent of American's reported that energy prices were the most important financial problem facing their families today. But are these new concerns likely to translate into long-term behavioral changes and more energy-efficient behavior? Research suggests that it will take more than high prices to achieve maximum energy savings. People may like to think of themselves as rational economic actors, but a variety of studies by social-psychologists and behavioral economists reveal that people often act in ways that may be better described as 'socially-rational' and 'predictably irrational'. Despite these findings, many residential energy programs and most policy assessments continue to model potential energy savings as a function of existing technologies and the cost of those energy resources. This paper explores the ways in which individual behavior is shaped by the social context within which people operate and presents an alternative framework for modeling efficiency behavior. The alternative model recognizes that while individuals may not always behave in economically-rational ways, their behavior may be entirely rational from other vantage points. In fact, individuals often behave as rational social actors, determining what is and isn't 'appropriate' behavior by gleaning information from their own observations, from their peers, and from interactions within their sphere of social influence. As such, this paper explores the ways in which social rules, resources and context shape individual patterns of energy consumption. This alternative approach has important implications for program designs and policy recommendations.

An Efficient Meta Heuristic Algorithm to Solve Economic Load Dispatch Problems

Directory of Open Access Journals (Sweden)

R Subramanian

2013-12-01

Full Text Available The Economic Load Dispatch (ELD problems in power generation systems are to reduce the fuel cost by reducing the total cost for the generation of electric power. This paper presents an efficient Modified Firefly Algorithm (MFA, for solving ELD Problem. The main objective of the problems is to minimize the total fuel cost of the generating units having quadratic cost functions subjected to limits on generator true power output and transmission losses. The MFA is a stochastic, Meta heuristic approach based on the idealized behaviour of the flashing characteristics of fireflies. This paper presents an application of MFA to ELD for six generator test case system. MFA is applied to ELD problem and compared its solution quality and computation efficiency to Genetic algorithm (GA, Differential Evolution (DE, Particle swarm optimization (PSO, Artificial Bee Colony optimization (ABC, Biogeography-Based Optimization (BBO, Bacterial Foraging optimization (BFO, Firefly Algorithm (FA techniques. The simulation result shows that the proposed algorithm outperforms previous optimization methods.

Economic feasibility of an energy efficiency project for a steam distribution system in a chemical industry

Directory of Open Access Journals (Sweden)

Flavia Melo Menezes

2017-12-01

Full Text Available The burning of fossil fuels majorly contributes to the increase in global warming, and it represents 93% of greenhouse gases emissions in the chemical industry. Most of the energy demand in this sector is associated with steam systems, where 1/3 of the energy efficiency opportunities are located in its distribution system. However, most of the literature focuses on the design of new systems. Those that deal with existing systems, not always use simple and available methods. Furthermore, they address energy losses of steam systems only due to thermal insulation, ignoring those due to leakages of traps. Given this context, the purpose of this paper is to determine the economic feasibility of an energy efficiency project for a steam distribution system in a chemical industry, located in the metropolitan region of Salvador, Brazil. First, the energy lost in the steam distribution system through heat insulation and steam traps was estimated by applying thermodynamic principles, and technic consulting, respectively. Then, investments were estimated using commercial prices for new thermal insulation and steam traps. Finally, an economic evaluation of the improvement project was made, through the construction of a cash flow, and calculation of economic indicators: payback time, net present value (NPV, and internal rate of return (IRR. Economic indicators showed that the project is economically viable. The NPV and IRR reached approximately 5 million reais, and 66% per year, respectively. Additionally, this project also had social and environmental benefits, such as a reduction in greenhouse gases emissions, and increased local water availability.

Health economics, equity, and efficiency: are we almost there?

Science.gov (United States)

Ferraz, Marcos Bosi

2015-01-01

Health care is a highly complex, dynamic, and creative sector of the economy. While health economics has to continue its efforts to improve its methods and tools to better inform decisions, the application needs to be aligned with the insights and models of other social sciences disciplines. Decisions may be guided by four concept models based on ethical and distributive justice: libertarian, communitarian, egalitarian, and utilitarian. The societal agreement on one model or a defined mix of models is critical to avoid inequity and unfair decisions in a public and/or private insurance-based health care system. The excess use of methods and tools without fully defining the basic goals and philosophical principles of the health care system and without evaluating the fitness of these measures to reaching these goals may not contribute to an efficient improvement of population health.

Economics of appliance efficiency

International Nuclear Information System (INIS)

Tiedemann, K.H.

2009-01-01

Several significant developments occurred in 2001 that affect the impact of market transformation programs. This paper presented and applied an econometric approach to the identification and estimation of market models for refrigerators, clothes washers, dishwashers and room air conditioners. The purpose of the paper was to understand the impact of energy conservation policy developments on sales of energy efficient appliances. The paper discussed the approach with particular reference to building a database of sales and drivers of sales using publicly available information; estimation of the determinants of sales using econometric models; and estimation of the individual impacts of prices, gross domestic product (GDP) and energy conservation policies on sales using regression results. Market and policy developments were also presented, such as change a light, save the world promotion; the California energy crisis; and the Pacific Northwest drought induced hydro power shortage. It was concluded that an increase in GDP increased the sales of both more efficient and less efficient refrigerators, clothes washers, dishwashers, and room air conditioners. An increase in electricity price increased sales of Energy Star refrigerators, clothes washers, dishwashers, and room air conditioners. 4 refs., 8 tabs.

Evaluation of the influence of economic groups on the efficiency and quality of service of water companies: an empirical approach for Chile.

Science.gov (United States)

Molinos-Senante, María; Farías, Rodrigo

2018-06-04

The privatization of water and sewerage services (WSS) has led to the foundation of water economic groups, which integrate several water companies and have gained notable importance at the global level. In the framework of benchmarking studies, there are no prior studies exploring the impact that economic groups have on the efficiency and quality of service provided by water companies. This study investigates, for the first time, whether the membership of water companies in an economic group influences their performance. Quantity- and quality-adjusted efficiency scores were computed using data envelopment analysis models. An empirical application was developed for the Chilean water industry since most of their water companies are private and belong to an economic group. The results show that independent water companies provide WSS with better quality than do water companies that belong to an economic group. From a statistical point of view, it was evident that membership in an economic group impacts both the quantity- and quality-adjusted efficiency scores of water companies. The results of this study illustrate that applying the model-firm regulation to the Chilean water industry has significant drawbacks that should be addressed by the water regulator to promote the long-term sustainability of the water industry.

Estimation of the economical and ecological efficiency of the solar heat supply in Russia

International Nuclear Information System (INIS)

Marchenko, O.V.; Solomin, S.V.

2001-01-01

One carried out numerical study of application efficiency of solar heat supply systems in the climatic conditions of Russia with regard to their economical competitiveness with organic fuel heat conventional sources and role in reduction of greenhouse gas releases. One defined the regions where (under certain conditions) application of solar energy to generate low-potential heat may be reasonable [ru

ECONOMIC EFFICIENCY ANALYSIS OF ORGANIC CROP AND ANIMAL FARMS IN ROMANIA. COMPARATIVE EVOLUTIONS

Directory of Open Access Journals (Sweden)

Alexandra MUSCĂNESCU

2013-10-01

Full Text Available The organic sector in our country, although as shown in continuous development, faces a multitude of problems: the climatic conditions of our country, characterized by periods of drought in many parts of the country, high input prices, the majority of which are imported; difficulties in identifying markets for products, reduced subsidies, standardized conditions difficult to meet, etc. The problems the sector is facing reflect in the organization of the production activity and hence the economic performance of farm production. Accordingly, the aim of this paper was to analyze on the basis of annual financial and accounting information collected in the two vegetable farms and the two animal breeding farms, their efficiency / inefficiency, and the results were compared to identify the causes of the differences obtained in the efficiency at a farm level. The results obtained reveal a higher level of return on integrated vegetable farm in a joint recovery and a high efficiency for chain integrated animal farms.

Optimization model for school transportation design based on economic and social efficiency

Energy Technology Data Exchange (ETDEWEB)

Heddebaut, O.; Ciommo, F. di

2016-07-01

The purpose of this paper is to design a model that allows to suggest new planning proposals on school transport, so that greater efficiency operational will be achieved. It is a multi-objective optimization problem including the minimization of the cost of busing and minimizes the total travel time of all students. The foundation of the model is the planning routes made by bus due to changes in the starting time in schools, so the buses are able to perform more than one route. The methodology is based on the School Bus Routing Problem, so that routes from different schools within a given time window are connected, and within the restrictions of the problem, the system costs are minimized. The proposed model is programmed to be applied in any generic case. This is a multi-objective problem, in which there will be several possible solutions, depending on the weight to be assigned to each of the variables involved, economic point of view versus social point of view. Therefore, the proposed model is helpful for policy planning school transportation, supporting the decision making under conditions of economic and social efficiency. The model has been applied in some schools located in an area of Cantabria (Spain), resulting in 71 possible optimal options that minimize the cost of school transport between 2,7% and 35,1% regarding to the current routes of school transport, with different school start time and minimum travel time for students. (Author)

The Economic Aspects of Improving the Efficiency of Activities of Ukrainian Enterprises

Directory of Open Access Journals (Sweden)

Naboka Serhii O.

2017-12-01

Full Text Available The only possibility to ensure a high rate of growth of economic efficiency of production is a result of transition to a predominantly intensive type of development, especially for domestic enterprises in current conditions. The article considers, which concrete factors of the external environment of enterprise impact its activity in the present time and on the territory of Ukraine, and also substantiates the necessity of transition to the mode of «intensification». Scientific novelty consists in approbation of the method of research of the degree of intensification of activity on the example of one of the enterprises of Kharkiv, carrying out foreign economic activity. The system of the scientific and special methods was used: system approach; methods of analysis and synthesis of grouping; economic-mathematical method – the method of analysis of production intensification – to determine the degree of intensity/extensiveness of production at the researched enterprise. The calculations allowed to determine that the relative saving of the aggregate resources at the researched enterprise, using this method, amounted to more than 16 million UAH. Thus, it is possible to speak about expediency of use of the presented method in practice, especially in view of the current condition of enterprises of Ukraine.

Economic potentials of CHP connected to district heat systems in Germany. Implementation of the EU Efficiency Directive

International Nuclear Information System (INIS)

Eikmeier, Bernd

2015-01-01

The EU Efficiency Directive (2012/27/EU) is requiring all member states to carry out an evaluation of the potential for highly efficient CHP and the efficient use of district heating and cooling by December 2015. The German Federal Ministry of Economic Affairs and Energy appointed this task to the Fraunhofer Institute for Manufacturing and Advanced Materials, division for Energy Systems Analysis (formerly Bremer Energie Institut) in conjunction with other partners. The results for the sector district- and communal heating with CHP, sub-sectors private households, trade and services industry, are presented in this article.

Energy efficiency

International Nuclear Information System (INIS)

2010-01-01

After a speech of the CEA's (Commissariat a l'Energie Atomique) general administrator about energy efficiency as a first rank challenge for the planet and for France, this publications proposes several contributions: a discussion of the efficiency of nuclear energy, an economic analysis of R and D's value in the field of fourth generation fast reactors, discussions about biofuels and the relationship between energy efficiency and economic competitiveness, and a discussion about solar photovoltaic efficiency

Efficiency assessment of wastewater treatment plants: A data envelopment analysis approach integrating technical, economic, and environmental issues.

Science.gov (United States)

Castellet, Lledó; Molinos-Senante, María

2016-02-01

The assessment of the efficiency of wastewater treatment plants (WWTPs) is essential to compare their performance and consequently to identify the best operational practices that can contribute to the reduction of operational costs. Previous studies have evaluated the efficiency of WWTPs using conventional data envelopment analysis (DEA) models. Most of these studies have considered the operational costs of the WWTPs as inputs, while the pollutants removed from wastewater are treated as outputs. However, they have ignored the fact that each pollutant removed by a WWTP involves a different environmental impact. To overcome this limitation, this paper evaluates for the first time the efficiency of a sample of WWTPs by applying the weighted slacks-based measure model. It is a non-radial DEA model which allows assigning weights to the inputs and outputs according their importance. Thus, the assessment carried out integrates environmental issues with the traditional "techno-economic" efficiency assessment of WWTPs. Moreover, the potential economic savings for each cost item have been quantified at a plant level. It is illustrated that the WWTPs analyzed have significant room to save staff and energy costs. Several managerial implications to help WWTPs' operators make informed decisions were drawn from the methodology and empirical application carried out. Copyright © 2015 Elsevier Ltd. All rights reserved.

THE ROLE OF ECONOMIC EFFICIENCY OF ACCOMMODATION UNITS IN DETERMINATION OF PURCHASE INTENTIONS OF TOURIST SERVICES

Directory of Open Access Journals (Sweden)

Simona Cristina Martin

2014-10-01

Full Text Available The indicators of demand distribution for various types of accommodation provide information regarding changing tourist preferences for different ways of tourist accommodation. Appreciation of economic efficiency for hotels activity is done through quantitative results obtained in accommodation units. For this purpose it uses, currently, a partial or synthetic indicators system. Taking into account the fact that, in appreciation of hotel business, it must start from the premise that it may not be fully reflected only in terms of economic results, but also through social results, appear obvious the need to maintain costs at a level that satisfies both requirements at the same time. Achieving superior social-financial indicators, remains one of the main goals also in hotel activities, but do not be overlooked the fact that it is necessary that these indicators must be obtained by ensuring a higher level of satisfaction of consumers requirements. Only simultaneous achievement of these two objectives can provide raising efficiency in accommodation sector.

Methodological approach to simulation and choice of ecologically efficient and energetically economic wind turbines (WT)

Science.gov (United States)

Bespalov, Vadim; Udina, Natalya; Samarskaya, Natalya

2017-10-01

Use of wind energy is related to one of the prospective directions among renewed energy sources. A methodological approach is reviewed in the article to simulation and choice of ecologically efficient and energetically economic wind turbines on the designing stage taking into account characteristics of natural-territorial complex and peculiarities of anthropogenic load in the territory of WT location.

Economic efficiency substantiation of information products practical online promotion on the mechanical engineering plants

OpenAIRE

Roman Oksentyuk

2015-01-01

The profitability ratio ROI and its adaptation to calculate the economic efficiency of online advertising campaign has been analyzed. Investment profitability factor enables to estimate to what extent the advertising costs in the global network are justified and profitable for your business. The ratio use on the Ternopil mechanical engineering plants websites as a case study has been investigated by the author of the article. Such indices as the number...

Assessing efficiency and economic viability of rainwater harvesting systems for meeting non-potable water demands in four climatic zones of China

Science.gov (United States)

Zhang, S.; Jing, X.

2017-12-01

Rainwater harvesting is now increasingly used to manage urban flood and alleviate water scarcity crisis. In this study, a computational tool based on water balance equation is developed to assess stormwater capture and water saving efficiency and economic viability of rainwater harvesting systems (RHS) in eight cities across four climatic zones of China. It requires daily rainfall, contributing area, runoff losses, first flush volume, storage capacity, daily water demand and economic parameters as inputs. Three non-potable water demand scenarios (i.e., toilet flushing, lawn irrigation, and combination of them) are considered. The water demand for lawn irrigation is estimated using the Cropwat 8.0 and Climwat 2.0. Results indicate that higher water saving efficiency and water supply time reliability can be achieved for RHS with larger storage capacities, for lower water demand scenarios and located in more humid regions, while higher stormwater capture efficiency is associated with larger storage capacity, higher water demand scenarios and less rainfall. For instance, a 40 m3 RHS in Shanghai (humid climate) for lawn irrigation can capture 17% of stormwater, while its water saving efficiency and time reliability can reach 96 % and 98%, respectively. The water saving efficiency and time reliability of a 20 m3 RHS in Xining (semi-arid climate) for toilet flushing are 19% and 16%, respectively, but it can capture 63% of stormwater. With the current values of economic parameters, economic viability of RHS can be achieved in humid and semi-humid regions for reasonably designed RHS; however, it is not financially viable to install RHS in arid regions as the benefit-cost ratio is much smaller than 1.0.

Evaluation method of economic efficiency of industrial scale research based on an example of coking blend pre-drying technology

Directory of Open Access Journals (Sweden)

Żarczyński Piotr

2017-01-01

Full Text Available The research on new and innovative solutions, technologies and products carried out on an industrial scale is the most reliable method of verifying the validity of their implementation. The results obtained in this research method give almost one hundred percent certainty although, at the same time, the research on an industrial scale requires the expenditure of the highest amount of money. Therefore, this method is not commonly applied in the industrial practices. In the case of the decision to implement new and innovative technologies, it is reasonable to carry out industrial research, both because of the cognitive values and its economic efficiency. Research on an industrial scale may prevent investment failure as well as lead to an improvement of technologies, which is the source of economic efficiency. In this paper, an evaluation model of economic efficiency of the industrial scale research has been presented. This model is based on the discount method and the decision tree model. A practical application of this proposed evaluation model has been presented based on an example of the coal charge pre-drying technology before coke making in a coke oven battery, which may be preceded by industrial scale research on a new type of coal charge dryer.

Economics of Agroforestry

Science.gov (United States)

D. Evan Mercer; Frederick W. Cubbage; Gregory E. Frey

2014-01-01

This chapter provides principles, literature and a case study about the economics of agroforestry. We examine necessary conditions for achieving efficiency in agroforestry system design and economic analysis tools for assessing efficiency and adoptability of agroforestry. The tools presented here (capital budgeting, linear progranuning, production frontier analysis...

Economic effects of corruption in judiciary

Directory of Open Access Journals (Sweden)

Begović Boris

2005-01-01

Full Text Available The aim of the paper was to explore economic effects of corruption in judiciary. The examination included the analysis of economic features of judiciary and economic mechanisms of corruption in judiciary within the theoretical framework of Backer's model of criminal behavior. The analysis demonstrates that corruption in judiciary violates the rule of law, hence undermines the fundaments of market economy and specialization, i.e. social division of labor as the ground for improving economic efficiency. As to the static economic efficiency, the most important effect of corruption in judiciary is transaction costs that are generated and the consequent allocative inefficiency. As to the dynamic economic efficiency, corruption decreases economic growth rates and reallocates recourses from productive to distributive activities. The effects of corruption in judiciary to economic inequality are not significant, particularly not comparing with the already identified effects to the economic efficiency.

Efficiency, sustainability and global warming

International Nuclear Information System (INIS)

Woodward, Richard T.; Bishop, Richard C.

1995-01-01

Economic analyses of global warming have typically been grounded in the theory of economic efficiency. Such analyses may be inappropriate because many of the underlying concerns about climate change are rooted not in efficiency, but in the intergenerational allocation of economic endowments. A simple economic model is developed which demonstrates that an efficient economy is not necessarily a sustainable economy. This result leads directly to questions about the policy relevance of several economic studies of the issue. We then consider policy alternatives to address global warming in the context of economies with the dual objectives of efficiency and sustainability, with particular attention to carbon-based taxes

On the economic analysis of problems in energy efficiency: Market barriers, market failures, and policy implications

International Nuclear Information System (INIS)

Sanstad, A.H.; Koomey, J.G.; Levine, M.D.

1993-01-01

In his recent paper in The Energy Journal, Ronald Sutherland argues that several so-called ''market barriers'' to energy efficiency frequently cited in the literature are not market failures in the conventional sense and are thus irrelevant for energy policy. We argue that Sutherland has inadequately analyzed the idea of market barrier and misrepresented the policy implications of microeconomics. We find that economic theory, correctly interpreted, does not provide for the categorical dismissal of market barriers. We explore important methodological issues underlying the debate over market barriers, and discuss the importance of reconciling the findings of non-economic social sciences with the economic analysis of energy demand and consumer decision-making. We also scrutinize Sutherland's attempt to apply finance theory to rationalize high implicit discount rates observed in energy-related choices, and find this use of finance theory to be inappropriate

On the economic analysis of problems in energy efficiency: Market barriers, market failures, and policy implications

Energy Technology Data Exchange (ETDEWEB)

Sanstad, A.H.; Koomey, J.G.; Levine, M.D.

1993-01-01

In his recent paper in The Energy Journal, Ronald Sutherland argues that several so-called ``market barriers`` to energy efficiency frequently cited in the literature are not market failures in the conventional sense and are thus irrelevant for energy policy. We argue that Sutherland has inadequately analyzed the idea of market barrier and misrepresented the policy implications of microeconomics. We find that economic theory, correctly interpreted, does not provide for the categorical dismissal of market barriers. We explore important methodological issues underlying the debate over market barriers, and discuss the importance of reconciling the findings of non-economic social sciences with the economic analysis of energy demand and consumer decision-making. We also scrutinize Sutherland`s attempt to apply finance theory to rationalize high implicit discount rates observed in energy-related choices, and find this use of finance theory to be inappropriate.

Dividing wall column: Improving thermal efficiency, energy savings and economic performance

International Nuclear Information System (INIS)

Aurangzeb, Md; Jana, Amiya K.

2016-01-01

Highlights: • A rigorous model is developed for a dividing wall column. • Heat transfer model for metal wall is proposed. • Performance improvement is quantified for a ternary system. • Thermal efficiency, energy savings and cost are three used indices. - Abstract: This work aims at investigating the performance improvement of a dividing wall column (DWC) for the separation of a ternary system. It is true that for fractionating a ternary mixture, at least a sequence of two conventional distillation columns is required. To improve energetic and economic potential, and reduce space requirement, two columns are proposed to merge into one shell with a dividing wall. For developing the mathematical model of a distillation column, we consider the effect of heat transfer through the metal wall placed at an intermediated position inside the cylindrical column. The simulated DWC model is verified using the Aspen Plus flowsheet simulator with a wide variety of phase equilibrium models. The superiority of this proposed heat integrated configuration is shown for a ternary hydrocarbon system over a conventional distillation sequence (CDS) in terms of mainly three performance indexes, namely thermal efficiency, energy savings and total annual cost (TAC). It is investigated that the dividing wall distillation scheme can secure a 37.5% energy efficiency, and a 22.6% savings in energy consumption and 23.23% in TAC. The promising performance can also be quantified in terms of a reasonably low payback period of 2.11 years.

EVALUATION OF ECONOMIC EFFICIENCY PERTAINING TO USAGE OF AUTOMOTIVE TRANSPORT FACILITIES WHILE EXECUTING INTERNATIONAL CARGO TRANSPORTATION

Directory of Open Access Journals (Sweden)

R. B. Ivut

2010-01-01

Full Text Available The paper presents a methodology for evaluation of economic efficiency pertaining to usage of automotive transport facilities while executing international cargo transportation on the basis of average internal norm calculation of automotive operational profitability of a specific model under conditions which are typical for the given market by an average carrier.

OPTICAL FIBER SENSOR TECHNOLOGIES FOR EFFICIENT AND ECONOMICAL OIL RECOVERY

Energy Technology Data Exchange (ETDEWEB)

A. Wang; H. Xiao; R. May

1999-10-29

Efficient and complete recovery of petroleum reserves from existing oil wells has proven difficult due to a lack of robust instrumentation that can monitor processes in the downhole environment. Commercially available sensors for measurement of pressure, temperature, and fluid flow exhibit shortened lifetimes in the harsh downhole conditions, which are characterized by high pressures (up to 20 kpsi), temperatures up to 250 C, and exposure to chemically reactive fluids. Development of robust sensors that deliver continuous, real-time data on reservoir performance and petroleum flow pathways will facilitate application of advanced recovery technologies, including horizontal and multi-lateral wells. The main objective of the research program is to develop cost-effective, reliable fiber sensor instrumentation for real-time monitoring and /or control of various key parameters crucial to efficient and economical oil production. This report presents the detailed research work and technical progress from October 1, 1998 to September 30, 1999. The research performed over the first year of the program has followed the schedule as proposed, and solid research progress has been made in specification of the technical requirements, design and fabrication of the SCIIB sensor probes, development of the sensor systems, development of DSP-based signal processing techniques, and construction of the test systems. These technical achievements will significantly help to advance continued research on sensor tests and evaluation during the second year of the program.

Technical and economic assessment of design efficiency of information and measuring systems

Science.gov (United States)

Yurov, V. M.; Eremin, E. N.; Baisagov, Ya Zh; Arkhipov, V. V.

2018-01-01

A thermodynamic approach to the analysis of information-measuring systems (IMS) is developed in the work. Expressions for efficiency of IMS are obtained. The connection between the amount of processor memory and the amount of incoming information and the accuracy of the IMS is obtained. It is shown that the probability of information loss in IMS decreases with the increase in the amount of information from the object. Using the analogy method, economic aspects of IMS design are considered. The innate ability of IMS and Moore’s law are considered. The proposed approach and the resulting formulas will be useful in the design of new IMS.

Economic Efficiency of Artisanal Fishing Households under Oil Pollution Environment in the Niger Delta Region of Nigeria

Directory of Open Access Journals (Sweden)

Gbigbi, TM.

2014-01-01

Full Text Available Fish supplies more than 87% of the animal protein in Nigeria, and more than 90% of coastal communities depend solely on fishing and fisheries related activities for their survival. Available information however, shows that Nigeria's inland water bodies are producing less than 13% of their estimated fishery potential. And domestic demand for fish has never been met by dependence on output from available aquatic sources. Nigeria therefore imports over US$ 200 million worth of frozen fish per annum. The capacity of artisanal fisheries to play its role of bridging this food gap, providing employment and generating income, particularly for the coastal communities in Nigeria, will largely depend on the adoption of appropriate management strategies that will ensure efficiency and sustainability given their debilitating oil pollution environment. This study employed a Cobb- Douglas stochastic frontier cost function to measure the level of economic efficiency and its determinants among these households. A multi-stage random sampling technique was used to select 160 respondents from whom input-output data, prices and socioeconomic characteristics were obtained. The results of the analysis showed that individual levels of economic efficiency ranged from 0.10 - 0.96 with a mean of 0.68. While age, household size and number of fishing trips made in a week decreased, access to credit, membership of co-operative society, and oil spill increased, significantly, the respondents' level of economic inefficiency. These observations particularly suggest that the farmers were yet to harness the potentials of farm credit and membership of cooperative societies in their farm business, perhaps as a result of poverty. We recommend training workshops and seminars to remedy this. There is also the need for policies that could compel oil companies to minimize oil spill within the farmers' fishing environment. The adverse effects of oil spill on the environment and the

Thermodynamic and economic studies of two new high efficient power-cooling cogeneration systems based on Kalina and absorption refrigeration cycles

International Nuclear Information System (INIS)

Rashidi, Jouan; Ifaei, Pouya; Esfahani, Iman Janghorban; Ataei, Abtin; Yoo, Chang Kyoo

2016-01-01

Highlights: • Proposing two new power and cooling cogeneration systems based on absorption chillers and Kalina cycles. • Model-based comparison through thermodynamic and economic standpoints. • Investigating sensitivity of system performance and costs to the key parameters. • Reducing total annual costs of the base system up to 8% by cogeneration. • Increasing thermal efficiency up to 4.9% despite of cooling generation. - Abstract: Two new power and cooling cogeneration systems based on Kalina cycle (KC) and absorption refrigeration cycle (AC) are proposed and studied from thermodynamic and economic viewpoints. The first proposed system, Kalina power-cooling cycle (KPCC), combines the refrigerant loop of the water-ammonia absorption chiller, consisting of an evaporator and two throttling valves with the KC. A portion of the KC mass flow enters the evaporator to generate cooling after being condensed in the KPCC system. KPCC is a flexible system adapting power and cooling cogeneration to the demand. The second proposed system, Kalina lithium bromide absorption chiller cycle (KLACC), consists of the KC and a single effect lithium bromide-water absorption chiller (AC_L_i_B_r_-_w_a_t_e_r). The KC subsystem discharges heat to the AC_L_i_B_r_-_w_a_t_e_r desorber before condensing in the condenser. The performance and economic aspects of both proposed systems are analyzed and compared with the stand alone KC. A parametric analysis is conducted to evaluate the sensitivity of efficiencies and the generated power and cooling quantities to the key operating variables. The results showed that, thermal efficiency and total annual costs decreased by 5.6% and 8% for KPCC system but increased 4.9% and 58% for KLACC system, respectively. Since the power-cooling efficiency of KLACC is 42% higher than KPCC it can be applied where the aim is cooling generation without considering economic aspects.

METHOD OF DETERMINING ECONOMICAL EFFICIENCY OF HOUSING STOCK RECONSTRUCTION IN A CITY

Directory of Open Access Journals (Sweden)

Petreneva Ol’ga Vladimirovna

2016-03-01

Full Text Available RECONSTRUCTION IN A CITY The demand in comfortable housing has always been very high. The building density is not the same in different regions and sometimes there is no land for new housing construction, especially in the central regions of cities. Moreover, in many cities cultural and historical centers remain, which create the historical appearance of the city, that’s why new construction is impossible in these regions. Though taking into account the depreciation and obsolescence, the operation life of many buildings come to an end, they fall into disrepair. In these cases there arises a question on the reconstruction of the existing residential, public and industrial buildings. The aim of the reconstruction is bringing the existing worn-out building stock into correspondence with technical, social and sanitary requirements and living standards and conditions. The authors consider the currency and reasons for reconstruction of residential buildings. They attempt to answer the question, what is more economical efficient: new construction or reconstruction of residential buildings. The article offers a method to calculate the efficiency of residential buildings reconstruction.

On the economic analysis of problems in energy efficiency: Market barriers, market failures, and policy implications

Energy Technology Data Exchange (ETDEWEB)

Sanstad, A.H.; Koomey, J.G.; Levine, M.D.

1993-01-01

In his recent paper in The Energy Journal, Ronald Sutherland argues that several so-called market barriers'' to energy efficiency frequently cited in the literature are not market failures in the conventional sense and are thus irrelevant for energy policy. We argue that Sutherland has inadequately analyzed the idea of market barrier and misrepresented the policy implications of microeconomics. We find that economic theory, correctly interpreted, does not provide for the categorical dismissal of market barriers. We explore important methodological issues underlying the debate over market barriers, and discuss the importance of reconciling the findings of non-economic social sciences with the economic analysis of energy demand and consumer decision-making. We also scrutinize Sutherland's attempt to apply finance theory to rationalize high implicit discount rates observed in energy-related choices, and find this use of finance theory to be inappropriate.

IMPROVED METHOD OF DETERMINATION OF ECONOMIC EFFICIENCY OF CONSTRUCTION AND OPERATION OF HIGH SPEED MAINLINE IN UKRAINE

Directory of Open Access Journals (Sweden)

YU. S. Barash

2014-01-01

Full Text Available Purpose. To develop an advanced methodology and formulate the measures concerning the definition of economic efficiency of high-speed movement organization taking into account the operating experience of rapid transportations in Ukraine, travel time, number of stops on the route, schedule and the demand for these transportations. Methodology. The economic feasibility for appropriateness of high-speed movement organization in Ukraine is an investment project, which involves step-by-step money investment to the construction. To solve such problems one uses net present value, which UZ or newly created companies can get during the project realization and after its completion. Findings. On the basis of obtained studies one can state that the methodology of complex determination of construction efficiency and high-speed passenger trains operation taking into account the cost of infrastructure, rolling stock, impact of environmental factors, etc. was developed in the article. Originality. We propose a scientific approach to determine the economic efficiency of the construction and high-speed main lines operation. This approach, unlike the existing one, includes the improved principles of determining the passenger traffic, the cost of high-speed mainline construction, the number of rolling stock; optimizes income and expenditure calculations in the context of competitive advantages and impact of the external factors on the company. For the first time it was taken into account the transit flow of passengers departing from CIS countries to the vacation in the Crimea, the Carpathians, Odessa and Lviv regions. The account of these factors increases the feasibility of administrative decisions concerning ensuring the efficiency of high-speed traffic functioning. Practical value. The proposed methodology and the research results allowed determining the construction reasonability of high-speed mainline for the passenger trains with a speed at least250 km/h in

efficience technico-economique

African Journals Online (AJOL)

USER

ABSTRACT. TECHNICO-ECONOMIC EFFICIENCY : CASE OF THE PRODUCERS OF ONION AND POTATO IN KNOW IN MOROCCO. In the new context ... Key words : Technico-economic efficiency, stochastic frontier, potato production, onion production, Morocco ..... sont le labour, le cover-cropage et le traçage. 82 % des ...

EVALUATION OF ECONOMIC EFFICIENCY OF INVESTMENT IN THE INDUSTRIAL LOGISTICS PARK OF THE NOVOSIBIRSK REGION

Directory of Open Access Journals (Sweden)

Kogan A. B.

2016-03-01

Full Text Available The author describes a method for estimation the economic efficiency, based on the input-output model. The proposed method develops the author of well-known methods of cost-benefits analysis. The method is used to assess the effectiveness of budget financing the establishment of Industrial logistics Park (PLP in the Novosibirsk region (NSO. The estimation is based on the input-output model developed for the NSO. Economic benefits are assessed on the basis of growth in gross value added (GVA. This takes into account a number of losses GVA, for example, losses due to the displacement of existing producers, losses due to the purchase of imported resources, etc. Economiccosts is estimated as a fulloutput of the economy, necessary for the establishment and operation of the investment project.

A manual for the economic evaluation of energy efficiency and renewable energy technologies

Energy Technology Data Exchange (ETDEWEB)

Short, W.; Packey, D.J.; Holt, T.

1995-03-01

This manual is a guide for analyzing the economics of energy efficiency and renewable energy (EE) technologies and projects. It is intended (1) to help analysts determine the appropriate approach or type of analysis and the appropriate level of detail and (2) to assist EE analysts in completing consistent analyses using standard assumptions and bases, when appropriate. Included are analytical techniques that are commonly required for the economic analysis of EE technologies and projects. The manual consists of six sections: Introduction, Fundamentals, Selection Criteria Guide, Economic Measures, Special Considerations for Conservation and Renewable Energy Systems, and References. A glossary and eight appendices are also included. Each section has a brief introductory statement, a presentation of necessary formulae, a discussion, and when appropriate, examples and descriptions of data and data availability. The objective of an economic analysis is to provide the information needed to make a judgment or a decision. The most complete analysis of an investment in a technology or a project requires the analysis of each year of the life of the investment, taking into account relevant direct costs, indirect and overhead costs, taxes, and returns on investment, plus any externalities, such as environmental impacts, that are relevant to the decision to be made. However, it is important to consider the purpose and scope of a particular analysis at the outset because this will prescribe the course to follow. The perspective of the analysis is important, often dictating the approach to be used. Also, the ultimate use of the results of an analysis will influence the level of detail undertaken. The decision-making criteria of the potential investor must also be considered.

How technological potentials are undermined by economic and behavioural responses. The treatment effect of endogenous energy efficiency measures

International Nuclear Information System (INIS)

Meier, Helena; Tode, Christian; Koeln Univ.

2015-01-01

Governments worldwide spend increasing amounts of money on policy schemes to reduce energy consumption and related carbon emissions. We investigate the actual treatment effect of energy efficiency measures and therein compare actual demand responses to technological potentials. Based on a demand system analysis of household data and by approximating unobserved energy awareness, we find economic and behavioural responses that counteract expected savings from energy efficiency. Results show strong rebound and even back ring effects but also suggest heterogeneity of the effectiveness driven by behavioural concepts, such as sunk cost fallacy or habit formation. Understanding these can contribute to target-oriented policy designs and increased effectiveness and efficiency of policies.

How technological potentials are undermined by economic and behavioural responses. The treatment effect of endogenous energy efficiency measures

Energy Technology Data Exchange (ETDEWEB)

Meier, Helena; Tode, Christian [Koeln Univ. (Germany). Energiewirtschaftliches Inst.; Koeln Univ. (Germany). Dept. of Economics

2015-06-15

Governments worldwide spend increasing amounts of money on policy schemes to reduce energy consumption and related carbon emissions. We investigate the actual treatment effect of energy efficiency measures and therein compare actual demand responses to technological potentials. Based on a demand system analysis of household data and by approximating unobserved energy awareness, we find economic and behavioural responses that counteract expected savings from energy efficiency. Results show strong rebound and even back ring effects but also suggest heterogeneity of the effectiveness driven by behavioural concepts, such as sunk cost fallacy or habit formation. Understanding these can contribute to target-oriented policy designs and increased effectiveness and efficiency of policies.

CO2 taxes as economic tool for energy efficiency analysis of CO2 tax impact on energy efficiency projects in Latvia

International Nuclear Information System (INIS)

Blumberga, D.; Blumberga, M.; Veidenbergs, I.

2005-01-01

The intended purpose of the carbon tax is to reduce CO 2 emissions. This tax can play a significant role in the implementation of energy saving projects. The paper evaluates three market mechanisms for reducing greenhouse gas emissions: joint implementation, emissions trading and CO 2 taxes. The first market mechanism - pilot phase of joint implementation (Activities Implemented Jointly) opened the minds of specialists to the GHG emission reduction potential of energy efficiency projects. The second mechanism was implemented after Latvia had accepted the National Allocation Plan to start emission trading. The third mechanism is based on the introduction of a carbon tax, which will come into force in Latvia in July 2005. This paper describes the potential impact of this tax that could promote development of energy efficiency projects. The authors worked out an evaluation methodology to calculate the impact of CO 2 taxes on emissions levels and the potential value of such taxes. The proposed methodology is applicable to district heating companies and governmental institutions, defining links between the energy efficiency and CO 2 taxes and showing ways of justifying these taxes both economically and environmentally. (authors)

The economic value of corporate eco-efficiency

NARCIS (Netherlands)

Guenster, N.; Bauer, R.; Derwall, J.M.M.; Koedijk, C.G.

2011-01-01

This study adds new insights to the long-running corporate environmental-financial performance debate by focusing on the concept of eco-efficiency. Using a new database of eco-efficiency scores, we analyse the relation between eco-efficiency and financial performance from 1997 to 2004. We report

Fast breeder reactor expected to soon overtake LWRs in terms of economic efficiency

International Nuclear Information System (INIS)

Eitz, A.W.; Theisen, G.; Wolff, U.; Riethmueller, R.

1986-01-01

On the basis of current knowledge, the authors try to comparatively assess the fuel cycle costs of the SNR and the LWR, and to establish a prognosis of the competibility of the SNR in terms of fuel expenditure. The result is that already today, the fast breeder would achieve the economic efficiency of the LWR-type reactor, and in future would offer clear advantages. For their assessments, the authors made a few cost estimates, as e.g. with regard to the fuel reprocessing plant, which deserve close attention, and power discussion. As to the next project to follow, a large-scale European fast breeder reactor power plant, the authors state that the fuel cycle cost will not present a special economic risk, if an option for interim fuel storage is ensured. Determination of the right and adequate time to start construction of a commercial fuel reprocessing plant is no point in current discussions, and should anyhow be made with great care and the least time pressure possible. Cooperation among European states, however, is indispensable for this project. (orig.) [de

Efficient ecologic and economic operational rules for dammed systems by means of nondominated sorting genetic algorithm II

Science.gov (United States)

Niayifar, A.; Perona, P.

2015-12-01

River impoundment by dams is known to strongly affect the natural flow regime and in turn the river attributes and the related ecosystem biodiversity. Making hydropower sustainable implies to seek for innovative operational policies able to generate dynamic environmental flows while maintaining economic efficiency. For dammed systems, we build the ecological and economical efficiency plot for non-proportional flow redistribution operational rules compared to minimal flow operational. As for the case of small hydropower plants (e.g., see the companion paper by Gorla et al., this session), we use a four parameters Fermi-Dirac statistical distribution to mathematically formulate non-proportional redistribution rules. These rules allocate a fraction of water to the riverine environment depending on current reservoir inflows and storage. Riverine ecological benefits associated to dynamic environmental flows are computed by integrating the Weighted Usable Area (WUA) for fishes with Richter's hydrological indicators. Then, we apply nondominated sorting genetic algorithm II (NSGA-II) to an ensemble of non-proportional and minimal flow redistribution rules in order to generate the Pareto frontier showing the system performances in the ecologic and economic space. This fast and elitist multiobjective optimization method is eventually applied to a case study. It is found that non-proportional dynamic flow releases ensure maximal power production on the one hand, while conciliating ecological sustainability on the other hand. Much of the improvement in the environmental indicator is seen to arise from a better use of the reservoir storage dynamics, which allows to capture, and laminate flood events while recovering part of them for energy production. In conclusion, adopting such new operational policies would unravel a spectrum of globally-efficient performances of the dammed system when compared with those resulting from policies based on constant minimum flow releases.

An eco-efficient and economical optimum evaluation technique for the forest road networks: the case of the mountainous forest of Metsovo, Greece.

Science.gov (United States)

Tampekis, Stergios; Samara, Fani; Sakellariou, Stavros; Sfougaris, Athanassios; Christopoulou, Olga

2018-02-12

The sustainable forest management can be achieved only through environmentally sound and economically efficient and feasible forest road networks and transportation systems that can potentially improve the multi-functional use of forest resources. However, road network planning and construction suggest long-term finance that require a capital investment (cash outflow), which would be equal to the value of the total revenue flow (cash inflow) over the whole lifecycle project. This paper emphasizes in an eco-efficient and economical optimum evaluation method for the forest road networks in the mountainous forest of Metsovo, Greece. More specifically, with the use of this technique, we evaluated the forest roads' (a) total construction costs, (b) annual maintenance cost, and (c) log skidding cost. In addition, we estimated the total economic value of forest goods and services that are lost from the forest roads' construction. Finally, we assessed the optimum eco-efficient and economical forest roads densities based on linear equations that stem from the internal rate of return method (IRR) and have been presented graphically. Data analysis and its presentation are achieved with the contribution of geographic information systems (GIS). The technique which is described in this study can be for the decision makers an attractive and useful implement in order to select the most eco-friendly and economical optimum solution to plan forest road network or to evaluate the existing forest transportation systems. Hence, with the use of this method, we can combine not only the multi-objective utilization of natural resources but also the environmental protection of forest ecosystems.

Strategies for carbon dioxide emissions reductions: Residential natural gas efficiency, economic, and ancillary health impacts in Maryland

International Nuclear Information System (INIS)

Ruth, Matthias; Blohm, Andrew; Mauer, Joanna; Gabriel, Steven A.; Kesana, Vijay G.; Chen Yihsu; Hobbs, Benjamin F.; Irani, Daraius

2010-01-01

As part of its commitments to the Regional Greenhouse Gas Initiative (RGGI), the State of Maryland, USA, auctions emission permits to electric utilities, creating revenue that can be used to benefit consumers and the environment. This paper explores the CO 2 emissions reductions that may be possible by allocating some of that revenue to foster efficiency improvements in the residential sector's use of natural gas. Since these improvements will require changes to the capital stock of houses and end use equipment, efficiency improvements may be accompanied by economic and ancillary health impacts, both of which are quantified in this paper.

Technical efficiency of economic systems of EU-15 countries based on energy consumption

International Nuclear Information System (INIS)

Bampatsou, Christina; Papadopoulos, Savas; Zervas, Efthimios

2013-01-01

In the present study, Data Envelopment Analysis is used to determine the Technical Efficiency index of EU-15 countries from 1980 to 2008, using cross-country comparison. Technical Efficiency index represents the capacity of an economy to produce a higher level of Gross Domestic Product for a given level of total energy input. The level of the Technical Efficiency index is determined from the energy mix (fossil fuels, non-fossil fuels, nuclear energy) of each country and depends on the maximization level of the production of the Gross Domestic Product of the economic system, without waste of energy resources. The current study is applied in the case of the EU15 countries. Its scope is to highlight the differentiations of country classifications before and after the integration of nuclear energy in the energy mix of each country. The main result is that the integration of nuclear energy as an additional input in the energy mixture affects negatively the Technical Efficiency of countries. Also, when an economy achieves a decrease of the energy consumption produced from fossil fuels, and a better exploitation of renewable energy sources, clearly improves its capacity to produce more output with the given levels of inputs. - Highlights: ► Technical efficiency index of EU-15 countries is determined through the DEA method. ► Level of the TE index is determined from the energy mix used in each country. ► TE level depends on the maximization level of GDP without waste of energy resources. ► Capacity of an economy to produce more GDP for a given energy input is determined. ► TE differentiation before and after the integration of nuclear energy is performed

Efficient stocks administration in the frame of the present economic crisis

Directory of Open Access Journals (Sweden)

Mihai Deju

2010-12-01

Full Text Available The economic-financial crisis made its presence felt through more or less shy signals. All companies from the international and national market started to feel the crisis’s negative effects, several declaring bankruptcy, or diminishing temporary their activity. The consequences are multiples: the unemployment’s rate increase, the decreasing of the purchase power and reducing the goods demand from the luxury ones up to the one for consumption etc. Under these circumstances, companies have to avoid the immobilization of financial resources in products stocks that cannot be sold in the near future period, because otherwise would attract the danger of costs increasing, cashing decrease and generation of loses that may endanger the companies capacity of surpassing the present crisis. Therefore, all companies, no matter their size, should find during this period means of efficient stocks administration.

Economic and Environmental Assessment of a 1 MW Grid Connected Rooftop Solar PV System for Energy Efficient Building in Bangladesh

Science.gov (United States)

Chakraborty, Sanjib; Hosain, Rubayet; Rahman, Toufiqur; Rabbi, Ahmead Fazle

This paper evaluates the potentiality of a 1 MW grid connected rooftop solar PV system for an Energy Efficient Building in Bangladesh, which was estimated by utilizing NASA SSE solar radiation data, PVsyst simulation software and RETScreen simulation software. Economic and environmental viability for a ten-storied building with roof area of 6,500 m2 in the Capital City of Bangladesh, Dhaka was assessed by using the RETScreen simulation software. The yearly electricity production of the proposed system was 1,581 MWh estimated by PVsyst where the technical prospective of gird-connected solar PV in Bangladesh was calculated as about 50,174 MW. The economic assessments were determined the simple payback in such a way that the generated electricity first fulfills the demand of the building, and then the rest of the energy is supplied to the grid. The result indicates that the roof top solar PV system for an Energy efficient building in Dhaka city has a favorable condition for development both in economic and environmental point of view.

Mobilising Investment in Energy Efficiency

Energy Technology Data Exchange (ETDEWEB)

NONE

2012-07-01

Taxes, loans and grants, trading schemes and white certificates, public procurement and investment in R&D or infrastructure: known collectively as 'economic instruments', these tools can be powerful means of mobilising the finances needed to achieve policy goals by implementing energy efficiency measures. The role of economic instruments is to kick-start the private financial markets and to motivate private investors to fund EE measures. They should reinforce and promote energy performance regulations. This IEA analysis addresses the fact that, to date, relatively little effort has been directed toward evaluating how well economic instruments work. Using the buildings sector to illustrate how such measures can support energy efficiency, this paper can help policy makers better select and design economic instruments appropriate to their policy objectives and national contexts. This report’s three main aims are to: 1) Examine how economic instruments are currently used in energy efficiency policy; 2) Consider how economic instruments can be more effective and efficient in supporting low-energy buildings; and 3) Assess how economic instruments should be funded, where public outlay is needed. Detailed case studies in this report assess examples of economic instruments for energy efficiency in the buildings sector in Canada (grants), France (tax relief and loans), Germany (loans and grants), Ireland (grants) and Italy (white certificates and tax relief).

The Economic Value of Corporate Eco-Efficiency

International Nuclear Information System (INIS)

Guenster, N.; Derwall, J.; Bauer, R.; Koedijk, K.

2006-08-01

This study adds new insights to the long-running corporate environmental-financial performance debate by focusing on the concept of eco-efficiency. Using a new database of eco-efficiency ratings, we analyze the relation between eco-efficiency and financial performance from 1997 to 2004. We report that eco-efficiency relates positively to operating performance and market value. Moreover, our results suggest that the market's valuation of environmental performance has been time variant, which may indicate that the market incorporates environmental information with a drift. Although environmental leaders initially did not sell at a premium relative to laggards, the valuation differential increased significantly over time. Our results have implications for company managers, who evidently do not have to overcome a tradeoff between eco-efficiency and financial performance, and for investors, who can exploit environmental information for investment decisions

Agroforestry versus farm mosaic systems - Comparing land-use efficiency, economic returns and risks under climate change effects.

Science.gov (United States)

Paul, Carola; Weber, Michael; Knoke, Thomas

2017-06-01

Increasing land-use conflicts call for the development of land-use systems that reconcile agricultural production with the provisioning of multiple ecosystem services, including climate change mitigation. Agroforestry has been suggested as a global solution to increase land-use efficiency, while reducing environmental impacts and economic risks for farmers. Past research has often focused on comparing tree-crop combinations with agricultural monocultures, but agroforestry has seldom been systematically compared to other forms of land-use diversification, including a farm mosaic. This form of diversification mixes separate parcels of different land uses within the farm. The objective of this study was to develop a modelling approach to compare the performance of the agroforestry and farm mosaic diversification strategies, accounting for tree-crop interaction effects and economic and climate uncertainty. For this purpose, Modern Portfolio Theory and risk simulation were coupled with the process-based biophysical simulation model WaNuLCAS 4.0. For an example application, we used data from a field trial in Panama. The results show that the simulated agroforestry systems (Taungya, alley cropping and border planting) could outperform a farm mosaic approach in terms of cumulative production and return. Considering market and climate uncertainty, agroforestry showed an up to 21% higher economic return at the same risk level (i.e. standard deviation of economic returns). Farm compositions with large shares of land allocated to maize cultivation were also more severely affected by an increasing drought frequency in terms of both risks and returns. Our study demonstrates that agroforestry can be an economically efficient diversification strategy, but only if the design allows for economies of scope, beneficial interactions between trees and crops and higher income diversification compared to a farm mosaic. The modelling approach can make an important contribution to support

Accuracy, precision, and economic efficiency for three methods of thrips (Thysanoptera: Thripidae) population density assessment.

Science.gov (United States)

Sutherland, Andrew M; Parrella, Michael P

2011-08-01

Western flower thrips, Frankliniella occidentalis (Pergande) (Thysanoptera: Thripidae), is a major horticultural pest and an important vector of plant viruses in many parts of the world. Methods for assessing thrips population density for pest management decision support are often inaccurate or imprecise due to thrips' positive thigmotaxis, small size, and naturally aggregated populations. Two established methods, flower tapping and an alcohol wash, were compared with a novel method, plant desiccation coupled with passive trapping, using accuracy, precision and economic efficiency as comparative variables. Observed accuracy was statistically similar and low (37.8-53.6%) for all three methods. Flower tapping was the least expensive method, in terms of person-hours, whereas the alcohol wash method was the most expensive. Precision, expressed by relative variation, depended on location within the greenhouse, location on greenhouse benches, and the sampling week, but it was generally highest for the flower tapping and desiccation methods. Economic efficiency, expressed by relative net precision, was highest for the flower tapping method and lowest for the alcohol wash method. Advantages and disadvantages are discussed for all three methods used. If relative density assessment methods such as these can all be assumed to accurately estimate a constant proportion of absolute density, then high precision becomes the methodological goal in terms of measuring insect population density, decision making for pest management, and pesticide efficacy assessments.

Towards a more efficient environmental policy. A socio-economic analysis of four persistent environmental problems

International Nuclear Information System (INIS)

2000-11-01

For the benefit of the National Environmental Policy Plan that will be published in 2001, the Netherlands Bureau for Economic Policy Analysis analysed four persistent environmental problems. These problems are the environmental effects of the manure surplus in the agricultural sector; the climate problem; the acidification by traffic and the air traffic noise around the airport Schiphol. This study not only looks ahead, but also looks back on 30 years of environmental policy. From a welfare economic perspective an analysis is made of the efficiency and effectiveness of that policy. Several questions are answered,e.g.: how could the manure problem of such a small sector as the livestock breeding persist for so many years?; how effective were the agreements with the industry and other sectors on energy efficiency improvement?; what made the acidification policy directed on traffic so successful?; why is the noise production of air traffic still a problem whereas the number of seriously bothered houses is decreased? The answers on these questions provide information which can be useful for the formulation of the future environmental policy. This information refers to the conditions for formulating adequate policy goals, the relation between those goals and policy instruments and the differences between direct versus indirect steering. This report also gives some points of interest for tackling complex international environmental problems. refs

Efficiency of Emission Control Measures on Particulate Matter-Related Health Impacts and Economic Cost during the 2014 Asia-Pacific Economic Cooperation Meeting in Beijing

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Qichen Liu

2016-12-01

Full Text Available Background: The Asia-Pacific Economic Cooperation (APEC meeting was held from 5 November to 11 November 2014 in Beijing, and comprehensive emission control measures were implemented. The efficiency of these measures on particulate matter-related health impacts and economic cost need to be evaluated. Methods: The influences of emission control measures during APEC on particulate matter were evaluated, and health economic effects were assessed. Results: Average concentrations of PM2.5 and PM10 during APEC were reduced by 57.0%, and 50.6% respectively, compared with pre-APEC period. However, the concentrations of particulate matter rebounded after APEC. Compared with the pre-APEC and post-APEC periods, the estimated number of deaths caused by non-accidental, cardiovascular and respiratory diseases that could be attributed to PM2.5 and PM10 during the APEC were the lowest. The economic cost associated with mortality caused by PM2.5 and PM10 during the APEC were reduced by (61.3% and 66.6% and (50.3% and 60.8% respectively, compared with pre-APEC and post-APEC. Conclusions: The emission control measures were effective in improving short term air quality and reducing health risks and medical expenses during 2014 APEC, but more efforts is needed for long term and continuous air quality improvement and health protection.

Efficiency of Emission Control Measures on Particulate Matter-Related Health Impacts and Economic Cost during the 2014 Asia-Pacific Economic Cooperation Meeting in Beijing.

Science.gov (United States)

Liu, Qichen; Huang, Jing; Guo, Bin; Guo, Xinbiao

2016-12-28

Background : The Asia-Pacific Economic Cooperation (APEC) meeting was held from 5 November to 11 November 2014 in Beijing, and comprehensive emission control measures were implemented. The efficiency of these measures on particulate matter-related health impacts and economic cost need to be evaluated. Methods : The influences of emission control measures during APEC on particulate matter were evaluated, and health economic effects were assessed. Results : Average concentrations of PM 2.5 and PM 10 during APEC were reduced by 57.0%, and 50.6% respectively, compared with pre-APEC period. However, the concentrations of particulate matter rebounded after APEC. Compared with the pre-APEC and post-APEC periods, the estimated number of deaths caused by non-accidental, cardiovascular and respiratory diseases that could be attributed to PM 2.5 and PM 10 during the APEC were the lowest. The economic cost associated with mortality caused by PM 2.5 and PM 10 during the APEC were reduced by (61.3% and 66.6%) and (50.3% and 60.8%) respectively, compared with pre-APEC and post-APEC. Conclusions : The emission control measures were effective in improving short term air quality and reducing health risks and medical expenses during 2014 APEC, but more efforts is needed for long term and continuous air quality improvement and health protection.

Economic Efficiency of Maize Production in Yola North Local ...

African Journals Online (AJOL)

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Can market oriented economic reforms contribute to energy efficiency improvement? Evidence from China

International Nuclear Information System (INIS)

Fan Ying; Liao Hua; Wei Yiming

2007-01-01

Since China accelerated its market oriented economic reforms at the end of 1992, its energy intensity has declined 3.6% annually over 1993-2005. However, its energy intensity declined 4.2% annually during its first reform period 1979-1992. Therefore, can we conclude that the accelerated marketization since the end of 1992 has made no contribution to its energy efficiency improvement? In order to answer this challenging question, we examine the changes of energy own-price elasticity, as well as the elasticities of substitution between energy and non-energy (capital and labor) in China during the periods of 1979-1992 and 1993-2003. Generally, in transition or developing economies, holding the technology and output level fixed, if the energy own-price elasticity (algebraic value) declines or the substitution elasticity between factors rises, they will contribute to energy efficiency improvement. Our empirical study finds that: (1) during 1979-1992, the energy own-price elasticity is positive (0.285), and capital-energy, labor-energy are both Morishima complementary; which indicates a distorted energy price and inefficient allocation; and (2) during 1993-2003, the own-price elasticity for energy is negative (-1.236), and capital-energy and labor-energy are both Morishima substitute. All factor demands become more elastic, and all elasticities of substitution increase. The implication is that the accelerated marketization contributes substantially to energy efficiency improvement since 1993

Assessing Cross-disciplinary Efficiency of Soil Amendments for Agro-biologically, Economically, and Ecologically Integrated Soil Health Management

Science.gov (United States)

2010-01-01

Preventive and/or manipulative practices will be needed to maintain soil's biological, physiochemical, nutritional, and structural health in natural, managed, and disturbed ecosystems as a foundation for food security and global ecosystem sustainability. While there is a substantial body of interdisciplinary science on understanding function and structure of soil ecosystems, key gaps must be bridged in assessing integrated agro-biological, ecological, economical, and environmental efficiency of soil manipulation practices in time and space across ecosystems. This presentation discusses the application of a fertilizer use efficiency (FUE) model for assessing agronomic, economic, ecological, environmental, and nematode (pest) management efficiency of soil amendments. FUE is defined as increase in host productivity and/or decrease in plant-parasitic nematode population density in response to a given fertilizer treatment. Using the effects of nutrient amendment on Heterodera glycines population density and normalized difference vegetative index (indicator of physiological activities) of a soybean cultivar ‘CX 252’, how the FUE model recognizes variable responses and separates nutrient deficiency and toxicity from nematode parasitism as well as suitability of treatments designed to achieve desired biological and physiochemical soil health conditions is demonstrated. As part of bridging gaps between agricultural and ecological approaches to integrated understanding and management of soil health, modifications of the FUE model for analyzing the relationships amongst nematode community structure, soil parameters (eg. pH, nutrients, %OM), and plant response to soil amendment is discussed. PMID:22736840

A rapid, efficient, and economic device and method for the isolation and purification of mouse islet cells.

Directory of Open Access Journals (Sweden)

Yin Zongyi

Full Text Available Rapid, efficient, and economic method for the isolation and purification of islets has been pursued by numerous islet-related researchers. In this study, we compared the advantages and disadvantages of our developed patented method with those of commonly used conventional methods (Ficoll-400, 1077, and handpicking methods. Cell viability was assayed using Trypan blue, cell purity and yield were assayed using diphenylthiocarbazone, and islet function was assayed using acridine orange/ethidium bromide staining and enzyme-linked immunosorbent assay-glucose stimulation testing 4 days after cultivation. The results showed that our islet isolation and purification method required 12 ± 3 min, which was significantly shorter than the time required in Ficoll-400, 1077, and HPU groups (34 ± 3, 41 ± 4, and 30 ± 4 min, respectively; P 1000 islets. In summary, the MCT method is a rapid, efficient, and economic method for isolating and purifying murine islet cell clumps. This method overcomes some of the shortcomings of conventional methods, showing a relatively higher quality and yield of islets within a shorter duration at a lower cost. Therefore, the current method provides researchers with an alternative option for islet isolation and should be widely generalized.

Energy efficiency and economic value in affordable housing

International Nuclear Information System (INIS)

Chegut, Andrea; Eichholtz, Piet; Holtermans, Rogier

2016-01-01

Strong rental protection in the affordable housing market often prohibits landlords from charging rental premiums for energy-efficient dwellings. This may impede (re)development of energy efficient affordable housing. In the Netherlands, affordable housing institutions regularly sell dwellings from their housing stock to individual households. If they can sell energy efficient dwellings at a premium, this may stimulate investments in the environmental performance of homes. We analyze the value effects of energy efficiency in the affordable housing market, by using a sample of 17,835 homes sold by Dutch affordable housing institutions in the period between 2008 and 2013. We use Energy Performance Certificates to determine the value of energy efficiency in these transactions. We document that dwellings with high energy efficiency sell for 2.0–6.3% more compared to otherwise similar dwellings with low energy efficiency. This implies a premium of some EUR 3,000 to EUR 9,700 for highly energy efficient affordable housing. - Highlights: • Dutch affordable housing suppliers recoup sustainability investment by selling dwellings. • Energy-efficient affordable dwellings sell at a premium. • A-labeled dwellings are 6.3% – 9,300 euros – more valuable than C-labeled ones. • The combined value effect of refurbishing an affordable housing dwelling, including improving the energy efficiency, of 20% would more than pay for the retrofit.

Determining the Efficiency of Adaptation of Foreign Economic Activity of Machine-Building Enterprises in Conditions of Deepening the European Integration Process of Ukraine

Directory of Open Access Journals (Sweden)

Semeniuk Iryna Yu.

2018-02-01

Full Text Available The article determines that introduction and implementation of the mechanism for foreign economic adaptation of machine-building enterprises to the conditions of the European integration processes requires constant monitoring of the processes of export-import operations and the adaptation activities to identify current problems and avoid risks. It has been found that one of the monitoring instruments is the system of indicators, which provides to evaluate the efficiency of use of the mechanism for foreign economic adaptation of a machine-building enterprise by comparing the values of the obtained indicators after accomplishing adaptation changes with the values of the indicators of previous periods. It is suggested to determine efficiency of adaptation of foreign economic activity of machine-building enterprises to conditions of deepening of the European integration process of Ukraine by means of: index of change of volume of exported production of a machine-building enterprise to the EU countries; weighted average of the change in the share of the European market, which is covered by the enterprise’s products; indicator of efficiency of exports of production of a machine-building enterprise to the European Union countries; indicator of the index of changes in the volume of permanent orders from European partners; integral indicator of efficiency of use of adaptive potential of a machine-building enterprise in conditions of integration processes.

The economic efficiency of conservation measures for amphibians in organic farming--results from bio-economic modelling.

Science.gov (United States)

Schuler, Johannes; Sattler, Claudia; Helmecke, Angela; Zander, Peter; Uthes, Sandra; Bachinger, Johann; Stein-Bachinger, Karin

2013-01-15

This paper presents a whole farm bio-economic modelling approach for the assessment and optimisation of amphibian conservation conditions applied at the example of a large scale organic farm in North-Eastern Germany. The assessment focuses mainly on the habitat quality as affected by conservation measures such as through specific adapted crop production activities (CPA) and in-field buffer strips for the European tree frog (Hyla arborea), considering also interrelations with other amphibian species (i.e. common spadefoot toad (Pelobates fuscus), fire-bellied toad (Bombina bombina)). The aim of the approach is to understand, analyse and optimize the relationships between the ecological and economic performance of an organic farming system, based on the expectation that amphibians are differently impacted by different CPAs. The modelling system consists of a set of different sub-models that generate a farm model on the basis of environmentally evaluated CPAs. A crop-rotation sub-model provides a set of agronomically sustainable crop rotations that ensures overall sufficient nitrogen supply and controls weed, pest and disease infestations. An economic sub-model calculates the gross margins for each possible CPA including costs of inputs such as labour and machinery. The conservation effects of the CPAs are assessed with an ecological sub-model evaluates the potential negative or positive effect that each work step of a CPA has on amphibians. A mathematical programming sub-model calculates the optimal farm organization taking into account the limited factors of the farm (e.g. labour, land) as well as ecological improvements. In sequential model runs, the habitat quality is to be improved by the model, while the highest possible gross margin is still to be achieved. The results indicate that the model can be used to show the scope of action that a farmer has to improve habitat quality by reducing damage to amphibian population on its land during agricultural activities

Economic efficiency of legume-cereal intercrops in conditions of organic farming

Directory of Open Access Journals (Sweden)

Jaroslav Jánský

2010-01-01

Full Text Available The paper presents economic analysis of growing of legume-cereal intercropping in conditions of organic farming. Results of the analysis are based on data monitoring in chosen organic farms that grow LCI. In the paper there is also compared economic efficiency of LCI grown in organic and conventional farming system. Methodological solution results from costingness and earnings monitoring of LCI production in five chosen organic farms in the period 2007–2008.When evaluating costs existing in individual variants of LCI growing it is necessary to say that the selection of individual machines and machine aggregations represents the most important factor of influencing direct costs, namely with regard to the size of organic farms and to the area of individual field blocks. Under conditions of organic farms, the LCI production is also significantly influenced also by agrotechnical (tillage operations. As compared with conventional farms, the final yield of both green fodder and grain is lower by 14–38%. Total direct costs per hectare of harvested LCI acreage ranged in case of fodder production from 9.249 CZK to 11.620 CZK per hectare. In case of grain production, the corresponding costs ranged from 8.848 to 9.970 CZK per hectare. In case of LCI, the direct costs of organic farms per unit of production of both fodder and grain consist mainly of material costs, which represent 63–76% and 61–68% of total expenses associated with production of fodder and grain, respectively. These direct costs are influenced also by higher prices of inputs.

Fuel cell-based CHP system modelling using Artificial Neural Networks aimed at developing techno-economic efficiency maximization control systems

International Nuclear Information System (INIS)

Asensio, F.J.; San Martín, J.I.; Zamora, I.; Garcia-Villalobos, J.

2017-01-01

This paper focuses on the modelling of the performance of a Polymer Electrolyte Membrane Fuel Cell (PEMFC)-based cogeneration system to integrate it in hybrid and/or connected to grid systems and enable the optimization of the techno-economic efficiency of the system in which it is integrated. To this end, experimental tests on a PEMFC-based cogeneration system of 600 W of electrical power have been performed to train an Artificial Neural Network (ANN). Once the learning of the ANN, it has been able to emulate real operating conditions, such as the cooling water out temperature and the hydrogen consumption of the PEMFC depending on several variables, such as the electric power demanded, temperature of the inlet water flow to the cooling circuit, cooling water flow and the heat demanded to the CHP system. After analysing the results, it is concluded that the presented model reproduces with enough accuracy and precision the performance of the experimented PEMFC, thus enabling the use of the model and the ANN learning methodology to model other PEMFC-based cogeneration systems and integrate them in techno-economic efficiency optimization control systems. - Highlights: • The effect of the energy demand variation on the PEMFC's efficiency is predicted. • The model relies on experimental data obtained from a 600 W PEMFC. • It provides the temperature and the hydrogen consumption with good accuracy. • The range in which the global energy efficiency could be improved is provided.

Economic efficiency of high-rise construction in the Moscow program of renovation of housing stock

Science.gov (United States)

Misailovov, Andrey

2018-03-01

The article considers a new initiative of the regional authorities of updating the housing stock designated as the renovation of housing. Its main aspects are analyzed, including the nature of program, economic efficiency of its implementation due to high-rise construction and the regulatory and legislative framework, the procedure for implementing the program, and the time frame for its implementation. The role of the program for regions in which high depreciation of the housing stock is combined with a limited number of sites for a new housing construction is disclosed. The high-rise construction in the renovation program is presented as a variant of a successful solution not only of the tasks of renovating the housing stock, but also of filling the regional budget. The social and economic orientation of the high-rise construction and the involvement of residents in the process of making town-planning decisions in the field of high-rise construction at all stages of implementing the program are shown.

[Ethics versus economics in public health? On the integration of economic rationality in a discourse of public health ethics].

Science.gov (United States)

Rothgang, H; Staber, J

2009-05-01

In the course of establishing the discourse of public health ethics in Germany, we discuss whether economic efficiency should be part of public health ethics and, if necessary, how efficiency should be conceptualized. Based on the welfare economics theory, we build a theoretical framework that demands an integration of economic rationality in public health ethics. Furthermore, we consider the possible implementation of welfare efficiency against the background of current practice in an economic evaluation of health care in Germany. The indifference of the welfare efficiency criterion with respect to distribution leads to the conclusion that efficiency must not be the only criteria of public health ethics. Therefore, an ethical approach of principles should be chosen for public health ethics. Possible conflicts between principles of such an approach are outlined.

The influence of population on the economic efficiency of the metropolitan governance

Directory of Open Access Journals (Sweden)

Yuriy V. Pavlov

2017-01-01

the expected value when implementing different metropolitan governance model. If the comparison showed the non-optimality of the implemented model for some index of the economic growth, then the values of the economic growth in the metropolitan area and the national average were compared. As a result, a recommendationwas given for the metropolitan area on the degree of need for the management reform and an optimal metropolitan governance model was selected.Results. Based on the revealed regularities, we have created a methodical approach to choose the optimal model of metropolitan governance according to the population size. It can be used as a tool to justify metropolitan governance reform. The advantage of the approach is the use of real quantitative data that reduces the degree of subjectivity in decision-making Conclusion. The methodical approach is tested on the example of eightmetropolitan areas (Lublin, Palermo, Krakow, Paris, Stuttgart, Madrid, Geneva, and Linz. It was revealed that there is no metropolitan governance model, which is always more efficient for all objects. As the result of the analysis for Geneva, the degree of need for management reforms was described as “high” with a recommendation for a transition to a decentralized metropolitan governance model. For Linz, Stuttgart and Madrid, the degree of need for reform is characterized as “low” with a recommendation for a transition to decentralization (Stuttgart and centralization (Linz and Madrid. The rest of the metropolitan areas of the sample do not need reforms.

The economic and environmental consequences of implementing nitrogen-efficient technologies and management practices in agriculture.

Science.gov (United States)

Zhang, Xin; Mauzerall, Denise L; Davidson, Eric A; Kanter, David R; Cai, Ruohong

2015-03-01

Technologies and management practices (TMPs) that reduce the application of nitrogen (N) fertilizer while maintaining crop yields can improve N use efficiency (NUE) and are important tools for meeting the dual challenges of increasing food production and reducing N pollution. However, because farmers operate to maximize their profits, incentives to implement TMPs are limited, and TMP implementation will not always reduce N pollution. Therefore, we have developed the NUE Economic and Environmental impact analytical framework (NUE) to examine the economic and environmental consequences of implementing TMPs in agriculture, with a specific focus on farmer profits, N fertilizer consumption, N losses, and cropland demand. Our analytical analyses show that impact of TMPs on farmers' economic decision-making and the environment is affected by how TMPs change the yield ceiling and the N fertilization rate at the ceiling and by how the prices of TMPs, fertilizer, and crops vary. Technologies and management practices that increase the yield ceiling appear to create a greater economic incentive for farmers than TMPs that do not but may result in higher N application rates and excess N losses. Nevertheless, the negative environmental impacts of certain TMPs could be avoided if their price stays within a range determined by TMP yield response, fertilizer price, and crop price. We use a case study on corn production in the midwestern United States to demonstrate how NUE can be applied to farmers' economic decision-making and policy analysis. Our NUE framework provides an important tool for policymakers to understand how combinations of fertilizer, crop, and TMP prices affect the possibility of achieving win-win outcomes for farmers and the environment. Copyright © by the American Society of Agronomy, Crop Science Society of America, and Soil Science Society of America, Inc.

Economical Efficiency of Combined Cooling Heating and Power Systems Based on an Enthalpy Method

Directory of Open Access Journals (Sweden)

Yan Xu

2017-11-01

Full Text Available As the living standards of Chinese people have been improving, the energy demand for cooling and heating, mainly in the form of electricity, has also expanded. Since an integrated cooling, heating and power supply system (CCHP will serve this demand better, the government is now attaching more importance to the application of CCHP energy systems. Based on the characteristics of the combined cooling heating and power supply system, and the method of levelized cost of energy, two calculation methods for the evaluation of the economical efficiency of the system are employed when the energy production in the system is dealt with from the perspective of exergy. According to the first method, fuel costs account for about 75% of the total cost. In the second method, the profits from heating and cooling are converted to fuel costs, resulting in a significant reduction of fuel costs, accounting for 60% of the total cost. Then the heating and cooling parameters of gas turbine exhaust, heat recovery boiler, lithium-bromide heat-cooler and commercial tariff of provincial capitals were set as benchmark based on geographic differences among provinces, and the economical efficiency of combined cooling heating and power systems in each province were evaluated. The results shows that the combined cooling heating and power system is economical in the developed areas of central and eastern China, especially in Hubei and Zhejiang provinces, while in other regions it is not. The sensitivity analysis was also made on related influencing factors of fuel cost, demand intensity in heating and cooling energy, and bank loans ratio. The analysis shows that the levelized cost of energy of combined cooling heating and power systems is very sensitive to exergy consumption and fuel costs. When the consumption of heating and cooling energy increases, the unit cost decreases by 0.1 yuan/kWh, and when the on-grid power ratio decreases by 20%, the cost may increase by 0.1 yuan

Chapter 4. Economic Considerations: Cost-Effective and Efficient Climate Policies

Directory of Open Access Journals (Sweden)

Maximilian Auffhammer

2016-12-01

Full Text Available In this chapter we discuss the economics of climate change. We begin with a discussion of economic considerations that are important to take into account when designing and evaluating climate policy, including cost effectiveness and efficiency. We then discuss specific policies at the state, national, and international level in light of these economic considerations.  We have several recommendations for the path forward for climate policy. First, the goal of climate policy should be to reduce the damages caused by greenhouse gases. In addition to mitigation policy to reduce greenhouse gas concentrations in the atmosphere, one can also reduce the damages causes by greenhouse gases by adaptation measures that reduce our vulnerability to climate change impacts.  Second, policy-makers should use incentive- (or market- based instruments as opposed to command and control policies (including quantity-based mandates whenever possible. Whenever unpriced emissions are the sole market failure, incentive-based instruments such as a carbon tax or cap and trade program are more likely to achieve the social optimum and maximize social net benefits [1, 2]. Lin and Prince [3] calculate that the optimal gasoline tax for the state of California is $1.37 per gallon.  Our third recommendation is to address the risk of emissions leakage, which arises when only one jurisdiction (e.g., California imposes climate policy, but not the entire world. One way to reduce emissions leakage is to use the strategic distribution of emissions allowances to local producers. This method, known as “output-based allocation” or benchmarking, effectively subsidizes local producers and at least partially offsets the increase in their costs caused by an emissions cap [4]. Importantly, only local production is eligible for an allocation of valuable allowances, providing a counterweight to the incentive for emission leakage. Our fourth recommendation is that if they are used instead

An evaluation of energy-environment-economic efficiency for EU, APEC and ASEAN countries: Design of a Target-Oriented DFM model with fixed factors in Data Envelopment Analysis

International Nuclear Information System (INIS)

Suzuki, Soushi; Nijkamp, Peter

2016-01-01

This paper aims to offer an advanced assessment methodology for sustainable national energy-environment-economic efficiency strategies, based on an extended Data Envelopment Analysis (DEA). The use of novel efficiency-improving approaches based on DEA originates from the so-called Distance Friction Minimisation (DFM) method. To design a feasible improvement strategy for low-efficiency DMUs, we develop here a Target-Oriented (TO) DFM model. However, in many real-world cases input factors may not be flexibly adjusted in the short run. In this study, we integrate the TO-DFM model with a fixed (inflexible) factor (FF) approach to cope with such more realistic circumstances. Super-efficiency DEA is next used in our comparative study on the efficiency assessment of energy-environment-economic targets for the EU, APEC and ASEAN (A&A) countries, employing appropriate data sets from the years 2003 to 2012. We consider two inputs (primary energy consumption and population) and two outputs (CO 2 and GDP), including a fixed input factor (viz. population). On the basis of our DEA analysis results, EU countries appear to exhibit generally a higher efficiency than A&A countries. The above-mentioned TO-DFM-FF projection model is able to address realistic circumstances and requirements in an operational sustainability strategy for efficiency improvement in inefficient countries in the A&A region. - Highlights: • We examine energy-environment-economic efficiency in European and A&A countries. • We present an operational efficiency improvement strategy using DEA. • European countries tend to have higher energy efficiency than A&A countries. • The study provides efficiency-enhancing strategic paths for inefficient countries.

Technical-economic study of energy efficiency in offshore industrial electrical systems; Estudio tecnico economico de eficiencia energetica en sistemas electricos industriales costa afuera

Energy Technology Data Exchange (ETDEWEB)

Fiscal Escalante, Raul [Instituto de Investigaciones Electricas, Temixco, Morelos (Mexico)

2001-07-01

In this work the methodology of analysis and the results obtained are presented in an technical-economic study for the application of power efficiency measures for a marine platform. The methodology is considered in the following steps: 1) Technical evaluation of the installation 2) Technical analyses of the optimization alternatives 3) Economic evaluation of the selected optimization alternatives graphs of the thermal regime of the variation with respect to the generation, variation of the efficiency with respect to the generation, efficiency curve of the motor and the designed curve of the pump are presented. A table of general reference parameters and another one of particular reference is given. Also a table of the economic evaluation when changing the electrical motor by one more efficient is presented. It is concluded that a potential of energy saving exists in their processes, generating an opportunity to perform a technical-economic feasibility study in these facilities. [Spanish] En este trabajo se presenta la metodologia de analisis y los resultados obtenidos en un estudio tecnico-economico para la aplicacion de medidas de eficiencia energetica para una plataforma marina. Se plantea la metodologia en los siguientes pasos: 1) Evaluacion tecnica de la instalacion 2) Analisis tecnico de las alternativas de optimizacion 3) Evaluacion economica de las alternativas de optimizacion seleccionadas. Se muestran graficas de la variacion del regimen termico respecto a la generacion, variacion de la eficiencia respecto a la generacion, curva de eficiencia del motor y curva de diseno de la bomba. Se da una tabla de parametros de referencia generales y otra de referencia particulares. Tambien se presenta una tabla de la evaluacion economica al cambiar el motor electrico por uno mas eficiente. Se concluye que existe un potencial de ahorro de energia en sus procesos, generando una oportunidad para realizar estudios de factibilidad tecnica economica en dichas instalaciones.

An efficient technique to solve combined economic and emission ...

Indian Academy of Sciences (India)

2016-08-26

Aug 26, 2016 ... Economic load dispatch is one of the vital purposes in electrical power system operation, management and planning. Economic dispatch problem is one of the most important problems in electric power system operation. In large scale system, the problem is more complex and difficult to find out optimal ...

Evaluation of economical efficiency of the Osaki large hydroponic facilities; Osaki ogata suiko shisetsu no keizaisei hyoka

Energy Technology Data Exchange (ETDEWEB)

Yonezawa, K [Chugoku Electric Power Co. Inc., Hiroshima (Japan)

1996-03-25

A demonstrative test was conducted to verify economical efficiency of practical scale hydroponic horticulture under structure making use of a part of the Osaki thermal power plant to be constructed. In the test, the hydroponic culture of leek and tomatoes was carried out for six years starting 1989 to study its economical efficiency. Using the M-type hydroponic culture facilities, the structures are 1200m wide, 29m long, and 21 tons in the culture liquid level in case of leek, and 350m wide, 29m long, and 10 tons in the culture liquid level in case of tomatoes. The evaluation was made estimating the crop amount of leek as about 35 tons and that of tomatoes as about 60 tons and regarding that the sales amount is equal to the crop amount. The sales amount of leek is 28 million yen, and when seeking income/expenditure from expenses, deficit of 1 million yen per 30 a cannot be avoided excluding the equipment depreciation cost. As to tomatoes, the shipment cost is approximately 14 million yen without the equipment depreciation cost, but the sales amount is approximately 13-19 million yen largely affected by the unit price. A study on the sale method is needed. 7 figs., 11 tabs.

Economic incentives for evidence generation: promoting an efficient path to personalized medicine.

Science.gov (United States)

Towse, Adrian; Garrison, Louis P

2013-01-01

The preceding articles in this volume have identified and discussed a wide range of methodological and practical issues in the development of personalized medicine. This concluding article uses the resulting insights to identify implications for the economic incentives for evidence generation. It argues that promoting an efficient path to personalized medicine is going to require appropriate incentives for evidence generation including: 1) a greater willingness on the part of payers to accept prices that reflect value; 2) consideration of some form of intellectual property protection (e.g., data exclusivity) for diagnostics to incentivize generation of evidence of clinical utility; 3) realistic expectations around the standards for evidence; and 4) public investment in evidence collection to complement the efforts of payers and manufacturers. It concludes that such incentives could build and maintain a balance among: 1) realistic thresholds for evidence and the need for payers to have confidence in the clinical utility of the drugs and tests they use; 2) payment for value, with prices that ensure cost-effectiveness for health systems; and 3) levels of intellectual property protection for evidence generation that provide a return for those financing research and development, while encouraging competition to produce both better and more efficient tests. Copyright © 2013, International Society for Pharmacoeconomics and Outcomes Research (ISPOR). Published by Elsevier Inc.

Spatial-Temporal Dynamics of the Economic Efficiency of Construction Land in the Pearl River Delta Megalopolis from 1998 to 2012

Directory of Open Access Journals (Sweden)

Yuyao Ye

2017-12-01

Full Text Available Since the 1980s, the rapid, extensive, and dispersed urban expansion in the Pearl River Delta megalopolis (PRDM has led to landscape fragmentation and the inefficient use of construction land. Like other developed regions in China that are subject to the dual challenges of shortages of construction land and deterioration of the ecological environment, it is becoming increasingly important in the PRDM to improve the land-use efficiency of urban construction. However, current methods for assessing land-use efficiency do not meet the emerging needs of land-use planning and policymaking. Therefore, using the American Defense Meteorological Satellite Program (DMSP/Operational Linescan System (OLS nighttime light imagery and Landsat TM data, this study aims to develop a timely and efficient approach to model the high-resolution economic efficiency of construction land (EECL. With this approach, we mapped the reliable EECL of the PRDM at township level and with a one-kilometer grid. Next, the study compared the temporal changes and revealed the spatial-temporal dynamics in order to provide a scientific reference for informed land-use planning and policymaking. The results show that since 1998, the economic efficiency of construction land in the PRDM increased in general but varied significantly throughout the area. Further, these disparities widened from 1998 to 2012 between the PRDM’s inner and peripheral circles. Only one-fifth of the towns and subdistricts were categorized as fast-growth or ultrafast-growth, with the majority located in the most developed areas of the PRDM’s inner circle. In order to improve the efficiency of construction land in the PRDM and realize sustainable development, differentiated land-use policies for the inner and peripheral circles were proposed. The inner circle should focus on promoting the efficiency of existing construction land and encourage urban renewal, while the peripheral circle should enhance the control

Economic Analysis of Nuclear Energy

International Nuclear Information System (INIS)

Lee, Man Ki; Moon, K. H.; Kim, S. S.; Lim, C. Y.; Oh, K. B.

2006-12-01

It has been well recognized that securing economic viabilities along with technologies are very important elements in the successful implementation of nuclear R and D projects. The objective of the Project is to help nuclear energy to be utilized in an efficient way by analyzing major issues related with nuclear economics. The study covers following subjects: the role of nuclear in the future electric supply system, economic analysis of nuclear R and D project, contribution to the regional economy from nuclear power. In addition, the study introduces the international cooperation in the methodological area of efficient use of nuclear energy by surveying the international activities related with nuclear economics

Economic Analysis of Nuclear Energy

Energy Technology Data Exchange (ETDEWEB)

Lee, Man Ki; Moon, K. H.; Kim, S. S.; Lim, C. Y.; Oh, K. B

2006-12-15

It has been well recognized that securing economic viabilities along with technologies are very important elements in the successful implementation of nuclear R and D projects. The objective of the Project is to help nuclear energy to be utilized in an efficient way by analyzing major issues related with nuclear economics. The study covers following subjects: the role of nuclear in the future electric supply system, economic analysis of nuclear R and D project, contribution to the regional economy from nuclear power. In addition, the study introduces the international cooperation in the methodological area of efficient use of nuclear energy by surveying the international activities related with nuclear economics.

Dimensions of energy efficiency

International Nuclear Information System (INIS)

Ramani, K.V.

1992-01-01

In this address the author describes three dimensions of energy efficiency in order of increasing costs: conservation, resource and technology substitution, and changes in economic structure. He emphasizes the importance of economic rather than environmental rationales for energy efficiency improvements in developing countries. These countries do not place high priority on the problems of global climate change. Opportunities for new technologies may exist in resource transfer, new fuels and, possibly, small reactors. More research on economic and social impacts of technologies with greater sensitivity to user preferences is needed

Assessment of gender differentials in economic and technical efficiency of poultry egg, a case study in Lagos State, Nigeria.

Directory of Open Access Journals (Sweden)

Hafis Odunlami

2016-03-01

Full Text Available Gender has been seen as an important factor in the distribution and utilization of productive resources worldwide. In the agricultural sector, gender differential could influence the sourcing and efficient utilization of factors of production, particularly in the livestock sub-sector of the economy. This study assessed the gender differentials in economic and technical efficiency of poultry eggs production in Lagos State, Nigeria. Multistage sampling technique was used to select respondent poultry farmers. The first and second stages were the purposive selection of five Local Government Areas (LGAs reputed for poultry production and farm settlements in the state. The third stage involved a simple random sampling of 150 poultry farms consisting of 75 farms each managed by a male and a female Stochastic Frontier Analysis (SFA. The SFA revealed that for male management of poultry egg farms, labour input (p<0.01 and cost of medications (p<0.05 increased the poultry egg output. On the other hand, for female management, stock of birds (p<0.01, labour input (p<0.01 and feed cost (p<0.01 were the factors that increased poultry eggs output. The inefficiency model revealed that male farmers were more technically efficient (p<0.01 than female counterparts. Female managed poultry farms had less productivity (0.90 compared to males(1.22. However, 88.1% of male farms compared to 86.7% of female farms had economic efficiency ratios between 0.29 and 0.79. The study concluded that gender had impact on poultry farmers’ efficiency in the study area. The study therefore recommended that training should be organised for female managed farms while male managed farms should utilize less of cost intensive capital input.

Power grid operation in a market environment economic efficiency and risk mitigation

CERN Document Server

2017-01-01

This book examines both system operation and market operation perspectives, focusing on the interaction between the two. It incorporates up-to-date field experiences, presents challenges, and summarizes the latest theoretic advancements to address those challenges. The book is divided into four parts. The first part deals with the fundamentals of integrated system and market operations, including market power mitigation, market efficiency evaluation, and the implications of operation practices in energy markets. The second part discusses developing technologies to strengthen the use of the grid in energy markets. System volatility and economic impact introduced by the intermittency of wind and solar generation are also addressed. The third part focuses on stochastic applications, exploring new approaches of handling uncerta nty in Security Constrained Unit Commitment (SCUC) as well as the reserves needed for power system operation. The fourth part provides ongoing efforts of utilizing transmission facilities ...

ECONOMIC AND ACCOUNTING INFORMATION AND STOCK MARKET EFFICIENCY

Directory of Open Access Journals (Sweden)

Simona – Florina SĂLIȘTEANU

2014-05-01

Full Text Available The purpose of this paper is to explore and to analyse the relations between financial accounting information and stock market efficiency. As we know, accounting contributes to the efficiency of the stock market by producing primordial information for the investors. On the other side, an efficient market facilitates the role of accounting by providing a reliable estimate of the value of many assets that needs to be evaluated. This article examines the importance of the financial accounting information for the efficiency of stock market, and also analyses whether and how the structure, the characteristics and publication of the information, impacts the prices and transactions volumes.

Low-capacity wind power systems. Technology, legal aspects, economic efficiency; Kleine Windenergieanlagen. Technik - Recht - Wirtschaftlichkeit

Energy Technology Data Exchange (ETDEWEB)

Eggersgluess, Walter [Landwirtschaftskammer Schleswig-Holstein, Rendsburg (Germany); Eckel, Henning; Hartmann, Stefan [Kuratorium fuer Technik und Bauwesen in der Landwirtschaft e.V. (KTBL), Darmstadt (Germany)

2012-07-01

In what conditions will investments in a low-capacity wind power plant be profitable? This leaflet intends to provide a decision aid for farmers and other land owners interested in thes subject. It outlines the technology of low-capacity wind power systems, goes into site selection, expected yields and legal boundary conditions. The most important economic data are defined, and the economic efficiency of wind power plants of 7.5 to 25 kW is discussed. The text is supplemented by useful internet links. [German] Unter welchen Bedingungen rechnet sich die Investition in eine kleine Windenergieanlage? Das Heft hilft Landwirten sowie allen anderen investitionswilligen Grundstueckseigentuemern fuer sich Antworten auf diese Fragen zu finden und die richtigen Entscheidungen zu treffen. Es gibt einen Ueberblick ueber die Technik kleiner Windenergieanlagen, beschreibt was den richtigen Standort auszeichnet, mit welchen Energieertraegen gerechnet werden kann und welchen rechtlichen Rahmenbedingungen Bau und Betrieb der Anlagen unterliegen. Die wichtigsten wirtschaftlichen Kenngroessen werden definiert und die Wirtschaftlichkeit kleiner Windenergieanlagen anhand von Beispielanlagen im Leistungsbereich von 7,5 bis 25 kW diskutiert. Nuetzliche Internetadressen zum Thema Windenergie runden das Informationsangebot ab.

A Rapid, Highly Efficient and Economical Method of Agrobacterium-Mediated In planta Transient Transformation in Living Onion Epidermis

Science.gov (United States)

Xu, Kedong; Huang, Xiaohui; Wu, Manman; Wang, Yan; Chang, Yunxia; Liu, Kun; Zhang, Ju; Zhang, Yi; Zhang, Fuli; Yi, Liming; Li, Tingting; Wang, Ruiyue; Tan, Guangxuan; Li, Chengwei

2014-01-01

Transient transformation is simpler, more efficient and economical in analyzing protein subcellular localization than stable transformation. Fluorescent fusion proteins were often used in transient transformation to follow the in vivo behavior of proteins. Onion epidermis, which has large, living and transparent cells in a monolayer, is suitable to visualize fluorescent fusion proteins. The often used transient transformation methods included particle bombardment, protoplast transfection and Agrobacterium-mediated transformation. Particle bombardment in onion epidermis was successfully established, however, it was expensive, biolistic equipment dependent and with low transformation efficiency. We developed a highly efficient in planta transient transformation method in onion epidermis by using a special agroinfiltration method, which could be fulfilled within 5 days from the pretreatment of onion bulb to the best time-point for analyzing gene expression. The transformation conditions were optimized to achieve 43.87% transformation efficiency in living onion epidermis. The developed method has advantages in cost, time-consuming, equipment dependency and transformation efficiency in contrast with those methods of particle bombardment in onion epidermal cells, protoplast transfection and Agrobacterium-mediated transient transformation in leaf epidermal cells of other plants. It will facilitate the analysis of protein subcellular localization on a large scale. PMID:24416168

The use of efficiency frontiers to evaluate the optimal land cover and irrigation practices for economic returns and ecosystem services

Science.gov (United States)

Kovacs, Kent; West, Grant; Xu, Ying

2017-04-01

Efficiency frontiers are a useful tool for governmental agencies that balance the protection of ecosystem services with the economic returns from an agricultural landscape because the tool illustrates that a compromise of objectives generates greater value to society than optimizing a sole objective. Policy makers facing the problem of groundwater overdraft on an agricultural landscape want to know if regulations or irrigation technology adoption will enhance both economic and ecosystem service benefits. Conjunctive water management with on-farm reservoirs and tail water recovery system is frequently suggested to alleviate groundwater and surface water quality problems in the Lower Mississippi River Basin of the United States, and this study evaluates the consequence of the adoption of this technology for the balance of ecosystem service and economic objectives. A compromise of objectives that maximizes the value to society provides 76% more value to society without reservoirs and 66% more value to society with reservoirs than the sole objective of economic returns. The reservoirs help an agricultural landscape maximizing economic returns to align more closely with a landscape maximizing the value to society, although there are still significant gains possible from finding a landscape that directly compromises on the objectives.

CANDU fuel cycle economic efficiency assessments using the IAEA-MESSAGE-V code

International Nuclear Information System (INIS)

Prodea, Iosif; Margeanu, Cristina Alice; Aioanei, Corina; Prisecaru, Ilie; Danila, Nicolae

2007-01-01

The main goal of the paper is to evaluate different electricity generation costs in a CANDU Nuclear Power Plant (NPP) using different nuclear fuel cycles. The IAEA-MESSAGE code (Model for Energy Supply Strategy Alternatives and their General Environmental Impacts) will be used to accomplish these assessments. This complex tool was supplied by International Atomic Energy Agency (IAEA) in 2002 at 'IAEA-Regional Training Course on Development and Evaluation of Alternative Energy Strategies in Support of Sustainable Development' held in Institute for Nuclear Research Pitesti. It is worthy to remind that the sustainable development requires satisfying the energy demand of present generations without compromising the possibility of future generations to meet their own needs. Based on the latest public information in the next 10-15 years four CANDU-6 based NPP could be in operation in Romania. Two of them will have some enhancements not clearly specified, yet. Therefore we consider being necessary to investigate possibility to enhance the economic efficiency of existing in-service CANDU-6 power reactors. The MESSAGE program can satisfy these requirements if appropriate input models will be built. As it is mentioned in the dedicated issues, a major inherent feature of CANDU is its fuel cycle flexibility. Keeping this in mind, some proposed CANDU fuel cycles will be analyzed in the paper: Natural Uranium (NU), Slightly Enriched Uranium (SEU), Recovered Uranium (RU) with and without reprocessing. Finally, based on optimization of the MESSAGE objective function an economic hierarchy of CANDU fuel cycles will be proposed. The authors used mainly public information on different costs required by analysis. (authors)

The economic crisis and the energy efficiency programs

International Nuclear Information System (INIS)

Naturesa, Jim Silva; Mariotoni, Carlos Alberto

2010-01-01

This paper presents some data from the Brazilian economy (2009 and 2010) and their impact on energy efficiency programs. It is also shown the main results of the National Electricity Conservation Program (PROCEL) and PROCEL INFO, which aims to gather and make available information on the rational and efficient use of energy. At the end, we present information showing that MSMEs (Micro, Small and Medium Companies) should be the main focus of the technological innovation programs aimed to energy efficiency. (author)

The Economic Problem: Can Islam Play an Effective Role in Solving it Efficiently as well as Equitably?

OpenAIRE

Chapra, M. Umer

2015-01-01

The generally recognized economic problem of mankind is how best to satisfy the basic needs of all people around the world in spite of the prevailing scarcity of resources. Since this is not happening, the paper argues that the primary reason is the secular worldview which has weakened the social and ethical foundations of human life and placed primary reliance on the market mechanism to ensure efficiency as well as justice in the use of resources. This has inadvertently ended up providing sa...

Economic efficiency of Nuclear Cell Mars with reference to different regions with the account cogenerating production

International Nuclear Information System (INIS)

Alekseev, P. N.; Kucharkin, N. E.; Udjanskiy, Y. N.; Schepetina, T. D.; Subbotin, S. A.

2004-01-01

The popular belief in a low economic efficiency NPP with nuclear reactors of small capacity (SNPP) is stipulated by the stereotyped approach to their role as a power source (PS) and absence of a system approach to an estimation of their role and place in economy of regions. Actually, the specific expenses of installed capacity for SNPP can be some times higher than those for ones with high-power reactors. As a rule, pay back of the SNPP projects is justified proceeding from only the income of sale produced electric power and heat. Poor economic efficiency of such variant of use forces the developers to consider variants cogeneration of useful production, for example, power-desalination complexes. But thus it is not taken into account, that only nuclear power source (NPS), due to quality of long-term autonomy can ensure in hard-to-reach regions ecologically safe, practically unbounded on time, reliable energy provision of unique production manufacture, which can be yielded only in a sectional place and due to presence of reliable and ecologically acceptable power supply. Examples of such exclusive symbiosis of technologies can be enough, especially taking into account the factor of an ecological acceptability, which acquires the increasing weight at definition of competitiveness of the projects. The factor of uniqueness at technologies combination in a sectional context does not contradict the strategy of seriality small capacity NPS application, as they are irreplaceable for long-time and reliable power supply of the independent removed or hard-to-reach consumers. In this their special applicability and their specific energy niche, which not busy while by any another PS. On land their role is similar nuclear submarines, which thanking NPS have got completely other quality of autonomy in the discharge of underwater kettles.The territory of Russia on the area both variety of resources and manufactures allows to implement different variants and combinations of

Economic evaluation of CISM : a pilot study

DEFF Research Database (Denmark)

Vogt, Joachim

2004-01-01

air traffic controllers, critical incident stress management, CISM, critical incidents, critical incident stress, cost-benefit-analysis, economic evaluation, efficiency, return on investment......air traffic controllers, critical incident stress management, CISM, critical incidents, critical incident stress, cost-benefit-analysis, economic evaluation, efficiency, return on investment...

Analysis of Economic Efficiency of Production of Low-Concentrated Sodium Hypochlorite by Direct Electrolysis of Natural Waters

Science.gov (United States)

Fesenko, L. N.; Pchelnikov, I. V.; Fedotov, R. V.

2017-11-01

The study presents the economic efficiency of direct electrolysis of natural waters in comparison with the waters artificially prepared by electrolysis of the 3% sodium salt solution. The study used sea water (Black sea water); mineral water (underground water of the Melikhovskaya station, “Ognennaya” hole); brackish water (underground water from the Grushevskaya station of the Aksai district); 3% solution of sodium salt. As a result, the dependences characterizing the direct electrolysis of natural waters with different mineralization, economic, and energy parties are shown. The rational area of the electrolysis for each of the investigated solution is determined. The cost of a kilogram of active chlorine obtained by the direct water electrolysis: Black sea from 17.2 to 18.3 RUB/kg; the Melikhovskaya station “Ognennaya” hole - 14.3 to 15.0 Rubles/kg; 3% solution of NaCl - 30 Rubles./kg; Grushevskogo St. - 63,0-73,0 Rubles/kg.

Biomass for energy production. Economic evaluation, efficiency comparison and optimal utilization of biomass; Biomasse zur Energiegewinnung. Oekonomische Bewertung, Effizienzvergleich und optimale Biomassenutzung

Energy Technology Data Exchange (ETDEWEB)

Zeddies, Juergen [Hohenheim Univ., Stuttgart (Germany). Inst. fuer Landwirtschaftliche Betriebslehre; Schoenleber, Nicole

2015-07-01

An optimized and/or goal-oriented use of available biomass feedstock for energetic conversion requires a detailed analysis of bioenergy production lines according to technical and economic efficiency indicators. Accordingly, relevant parameters of selected production lines supplying heat, electricity and fuel have been studied and used as data base for an optimization model. Most favorable combination of bioenergy lines considering political and economic objectives are analyzed by applying a specifically designed linear optimization model. Modeling results shall allow evaluation of political courses of action.

Circulation economics

DEFF Research Database (Denmark)

Ingebrigtsen, Stig; Jakobsen, Ove

2006-01-01

Purpose - This paper is an attempt to advance the critical discussion regarding environmental and societal responsibility in economics and business. Design/methodology/approach - The paper presents and discusses as a holistic, organic perspective enabling innovative solutions to challenges...... concerning the responsible and efficient use of natural resources and the constructive interplay with culture. To reach the goal of sustainable development, the paper argues that it is necessary to make changes in several dimensions in mainstream economics. This change of perspective is called a turn towards...... sustainability. To illustrate the theoretical discussion, the paper gives some practical examples from the reprocessing industry in Norway. Findings - The paper finds, first, effective and efficient use of natural resources is necessary to implement circular value chains. Second, sustainable development...

An Evolutionary Efficiency Alternative to the Notion of Pareto Efficiency

NARCIS (Netherlands)

I.P. van Staveren (Irene)

2012-01-01

textabstractThe paper argues that the notion of Pareto efficiency builds on two normative assumptions: the more general consequentialist norm of any efficiency criterion, and the strong no-harm principle of the prohibition of any redistribution during the economic process that hurts at least one

Government Expenditure, Efficiency and Economic Growth: A Panel ...

African Journals Online (AJOL)

Choong Chee Keong. 6 and Lau Lin Sea. 7 ... Corresponding Author, Department of Economics, Faculty of Business and Finance, UTAR, Malaysia. .... the taxation system and assert that if country's government expenditure is greater than.

Applicability and economic efficiency of earthquake retrofit measures on existing buildings in Bucharest, Romania

Science.gov (United States)

Bostenaru, M.

2009-04-01

The research discussed in this contribution contains two aspects: on one side the economic efficiency of seismic retrofit measures, and on the other their applicability. The research was limited to housing buildings. Bucharest, the capital of Romania, was the object of the research. Strong earthquakes affect Bucharest about three times in a century, the damaging earthquakes of the 20th century being in 1940 and 1977. Other strong earthquakes occurred in 1986 and 1990. Since it is a broad topic, first the building type was determined, which should serve further research. For this scope the building types of the 20th century, which are common in Bucharest, Romania, were investigated. For each building type reports have been written, which comprised the earthquake resilient features, the seismic defficiencies, the damage patterns and the retrofit measures. Each of these features was listed for elements of the building. A first result of the research was an integrated system in order to include latter aspects in the planning in the first steps. So already at the building survey attention has to be paid on how a building is subdivided in order to be able to determine the economic efficiency of the planned action. So were defined the `retrofit elements`. In a first step the characteristics were defined, through which these retrofit elements (for example column, wall part between two windows) can be recognised in the building survey. In a further one, which retrofit measures can be connected to these. Diagrams were built, in order to visualise these findings. For each retrofit element and the corresponding measure the costs were calculated. Also, these retrofit elements and the measures connected to them were modelled for the simulation with the structural software, so that the benefit of the measures could be determined. In the part which regarded the economic efficiency, benefits and costs of retrofit measures had to be compared, so the improvement in the rigidity

THE IMPORTANCE OF LAW AND ECONOMICS IN THE CONTEMPORARY ECONOMIC REALITY

OpenAIRE

Pomaskow, Joanna

2015-01-01

The law and economics movement can improve the functioning of companies doing business in the contemporary, rapidly changing, reality. The tensions between the idea of efficiency and the idea of justice cause difficulties in the application of tools which are proposed by the representatives of the law and economics movement in legal solutions. Economics proposes a new, fresh look at the law, which makes it easier to assess and influence the growth of its transparency. Perspective can therefor...

Economic analysis

Energy Technology Data Exchange (ETDEWEB)

None

1980-06-01

The Energy Policy and Conservation Act (EPCA) mandated that minimum energy efficiency standards be established for classes of refrigerators and refrigerator-freezers, freezers, clothes dryers, water heaters, room air conditioners, home heating equipment, kitchen ranges and ovens, central air conditioners, and furnaces. EPCA requires that standards be designed to achieve the maximum improvement in energy efficiency that is technologically feasible and economically justified. Following the introductory chapter, Chapter Two describes the methodology used in the economic analysis and its relationship to legislative criteria for consumer product efficiency assessment; details how the CPES Value Model systematically compared and evaluated the economic impacts of regulation on the consumer, manufacturer and Nation. Chapter Three briefly displays the results of the analysis and lists the proposed performance standards by product class. Chapter Four describes the reasons for developing a baseline forecast, characterizes the baseline scenario from which regulatory impacts were calculated and summarizes the primary models, data sources and assumptions used in the baseline formulations. Chapter Five summarizes the methodology used to calculate regulatory impacts; describes the impacts of energy performance standards relative to the baseline discussed in Chapter Four. Also discussed are regional standards and other program alternatives to performance standards. Chapter Six describes the procedure for balancing consumer, manufacturer, and national impacts to select standard levels. Details of models and data bases used in the analysis are included in Appendices A through K.

Research on the Sensorial Quality and Economic Efficiency in Obtaining of a certain Raw Meat Product - Mici Paste

OpenAIRE

Claudiu-Dan Salagean; Dorin Tibulca; Radu Marin

2013-01-01

Research aimed the sensorial quality connected with the economic efficiency to obtain a certain raw meat product (mici paste) in 4 experimental variants: 1 and 3 variants, with animal raw materials (meat + bacon) and mix of natural spices - fine grinding variant (1) and coarse grinding variant (3) - chopping at the volf through the sieve of 3-4 mm; 2 and 4 variants, with animal raw materials (meat + bacon) + vegetable protein supplements (textured soy protein) + binder (protein + fiber) + add...

Higher energy efficiency in administrative and office buildings. Optimisation of primary energy consumption and economic efficiency; Energieeffiziente Buero- und Verwaltungsgebaeude. Hinweise zur primaerenergetischen und wirtschaftlichen Optimierung

Energy Technology Data Exchange (ETDEWEB)

Knissel, J.

1999-12-15

The study investigates measures to reduce primary energy consumption in administrative and office buildings and their effects in terms of economic efficiency. An exemplary office building is modernised step by step while recording the changes in the primary energy consumption coefficient. [German] In der vorliegenden Studie wird untersucht, wie weit und mit welchen Massnahmen der Primaerenergiebedarf von Buero- und Verwaltungsgebaeuden gesenkt werden kann und welche Auswirkungen dies auf die Wirtschaftlichkeit hat. Hierzu wird die energetische Ausfuehrungsqualitaet eines einfachen Beispielgebaeudes schrittweise verbessert und die Veraenderung des Primaerenergiekennwertes ermittelt. (orig.)

Evaluating the impact of the carbon dioxide capturing process on the indices of economic efficiency in thermal power plants

International Nuclear Information System (INIS)

Marukhyan, V.Z.; Elbakyan, S.H.

2017-01-01

Taking into account the input of carbon dioxide as a greenhouse gas in the global warming process, the technological solutions of its capturing, and the implementation possibilities in environmentally safe thermal power plants are considered. In power plants equipped with effective systems for cleaning the fuel gas and the coal gasification, the influence of the CO 2 reduction and realization of quotes on the indices of economic efficiency is estimated

On economic efficiency of nuclear power unit life extension using steam-gas topping plant

International Nuclear Information System (INIS)

Kuznetsov, Y.N.; Lisitsa, F.D.; Smirnov, V.G.

2001-01-01

The different options for life extension of the operating nuclear power units have been analyzed in the report with regard for their economic efficiency. A particular attention is given to the option envisaging the reduction of reactor power output and its subsequent compensation with a steam-gas topping plant. Steam generated at its heat-recovery boilers is proposed to be used for the additional loading of the nuclear plant turbine so as to reach its nominal output. It would be demonstrated that the implementation of this option allows to reduce total costs in the period of power plant life extension by 24-29% as compared with the alternative use of the replacing steam-gas unit and the saved resources could be directed, for instance, for decommissioning of a reactor facility. (authors)

Growth indices and economic implications of weaned rabbits fed ...

African Journals Online (AJOL)

The better relative cost benefit (18.88%), economic efficiency and relative economic efficiency of 0.35 and 194.44%, respectively indicated the optimal level and economic benefit of LLPC inclusion at 10% (representing 2.40g/100g in the gross feed composition) replacement level for soybean meal in rabbit diets. Keywords: ...

THEORETICAL FOUNDATIONS EFFICIENT MASS VALUATION

Directory of Open Access Journals (Sweden)

Koshel A.

2016-08-01

Full Text Available In the article the theoretical basis for determining the effectiveness of mass valuation of land in present-day conditions are described. The concept defenitsy effect and effectiveness as economic categories and their classification values for mass valuation of land are presented. The effectiveness of mass valuation of land in the settlements defines the structure of local budget and economic activities undertaken by local authorities on the basis of the results of the mass appraisal of real estate. Mass valuation is regular and it is characterized by high degree of standardization of procedures and a significant increase in the role of statistical methods for processing data related to the use of the most significant factors influencing the parameters of the object to its cost, as well as the need to determine the value of the objective laws change equivalent, which is only possible when using economic and mathematical methods and statistical analysis. Quality control results of mass valuation carried out principally in other ways, as obtained by applying statistical machine results can be checked as soon statistical methods. This shows the relevance of research topic and lack of elaboration for Ukraine problems of efficiency of mass land valuation. Scientific research conducted through the use of the dialectical method and techniques of abstraction, comparative analysis and synthesis, the article various models and methods of valuation of land for taxation purposes are analyzed. In addition, the group explored methods used, comparisons, and more. In economic theory and practice problems and determine the effect of efficiency aimed at profit is quite relevant. Economists consider cost-effectiveness, such as economic efficiency. In this case, the production can be attributed to the activities to conduct and organization of mass valuation of land. This pushes many different positions on criteria and indicators of economic efficiency, the

Environmental efficiency among corn ethanol plants

International Nuclear Information System (INIS)

Sesmero, Juan P.; Perrin, Richard K.; Fulginiti, Lilyan E.

2012-01-01

Economic viability of the US corn ethanol industry depends on prices, technical and economic efficiency of plants and the extent of policy support. Public policy support is tied to the environmental efficiency of plants measured as their impact on emissions of greenhouse gases. This study evaluates the environmental efficiency of seven recently constructed ethanol plants in the North Central region of the US, using nonparametric data envelopment analysis (DEA). The minimum feasible level of GHG emissions per unit of ethanol is calculated for each plant and this level is decomposed into its technical and allocative sources. Results show that, on average, plants in our sample may be able to reduce GHG emissions by a maximum of 6% or by 2.94 Gg per quarter. Input and output allocations that maximize returns over operating costs (ROOC) are also found based on observed prices. The environmentally efficient allocation, the ROOC-maximizing allocation, and the observed allocation for each plant are combined to calculate economic (shadow) cost of reducing greenhouse gas emissions. These shadow costs gauge the extent to which there is a trade off or a complementarity between environmental and economic targets. Results reveal that, at current activity levels, plants may have room for simultaneous improvement of environmental efficiency and economic profitability. -- Highlights: ► Environmental efficiency of ethanol plants in the North Central US is evaluated. ► Economic (shadow) cost of reducing greenhouse gas emissions is calculated. ► Feasible changes in the mix of inputs and byproducts can reduce GHG emissions. ► On average plants may be able to reduce GHG emissions by 2.94 Gg per quarter. ► GHG reductions may be achieved at a moderate or zero operating cost.

Determinants of energy efficiency across countries

Science.gov (United States)

Yao, Guolin

With economic development, environmental concerns become more important. Economies cannot be developed without energy consumption, which is the major source of greenhouse gas emissions. Higher energy efficiency is one means of reducing emissions, but what determines energy efficiency? In this research we attempt to find answers to this question by using cross-sectional country data; that is, we examine a wide range of possible determinants of energy efficiency at the country level in an attempt to find the most important causal factors. All countries are divided into three income groups: high-income countries, middle-income countries, and low-income countries. Energy intensity is used as a measurement of energy efficiency. All independent variables belong to two categories: quantitative and qualitative. Quantitative variables are measures of the economic conditions, development indicators and energy usage situations. Qualitative variables mainly measure political, societal and economic strengths of a country. The three income groups have different economic and energy attributes. Each group has different sets of variables to explain energy efficiency. Energy prices and winter temperature are both important in high-income and middle-income countries. No qualitative variables appear in the model of high-income countries. Basic economic factors, such as institutions, political stability, urbanization level, population density, are important in low-income countries. Besides similar variables, such as macroeconomic stability and index of rule of law, the hydroelectricity share in total electric generation is also a driver of energy efficiency in middle-income countries. These variables have different policy implications for each group of countries.

Economic and health efficiency of education funding policy.

Science.gov (United States)

Curtin, T R; Nelson, E A

1999-06-01

Public spending programmes to reduce poverty, expand primary education and improve the economic status of women are recommended priorities of aid agencies and are now gradually being reflected in third world governments' policies, in response to aid conditions imposed by the World Bank and OECD countries. However outcomes fall short of aspiration. This paper shows that donors' lending policies, especially those restricting public spending on education to the primary level, (1) perpetuate poverty, (2) minimise socio-economic impact of public health programmes and (3) prevent significant improvement in the economic status of women. These effects are the result of fundamental flaws in donors' education policy model. Evidence is presented to show that health status in developing countries will be significantly enhanced by increasing the proportion of the population which has at least post-primary education. Heads of households with just primary education have much the same probability of experiencing poverty and high mortality of their children as those with no education at all. Aid donors' policies, which require governments of developing countries to limit public funding of education to the primary level, have their roots in what is contended here to be an erroneous interpretation of human capital theory. This interpretation focuses only on the declining marginal internal rates of return on public investments in successive levels of schooling and ignores the opposite message of the increasing marginal net present values of those investments. Cars do not travel fastest in their lowest gear despite its fastest acceleration, life's long journey is not most comfortable for those with only primary schooling.

Energy efficiency potential study for New Brunswick

International Nuclear Information System (INIS)

1992-05-01

The economic and environmental impacts associated with economically attractive energy savings identified in each of four sectors in New Brunswick are analyzed. The results are derived through a comparison of two potential future scenarios. The frozen efficiency scenario projects what future energy expenditures would be if no new energy efficiency initiatives are introduced. The economic potential scenario projects what those expenditures would be if all economically attractive energy efficiency improvements were gradually implemented over the next 20 years. Energy related emissions are estimated under scenarios with and without fuel switching. The results show, for example, that New Brunswick's energy related CO 2 emissions would be reduced by ca 5 million tonnes in the year 2000 under the economic potential scenario. If fuel switching is adopted, an additional 1 million tonnes of CO 2 emissions could be saved in the year 2000 and 1.6 million tonnes in 2010. The economic impact analysis is restricted to efficiency options only and does not consider fuel switching. Results show the effect of the economic potential scenario on employment, government revenues, and intra-industry distribution of employment gains and losses. The employment impact is estimated as the equivalent of the creation of 2,424 jobs annually over 1991-2010. Government revenues would increase by ca $24 million annually. The industries benefitting most from energy efficiency improvements would be those related to construction, retail trade, finance, real estate, and food/beverages. Industries adversely affected would be the electric power, oil, and coal sectors. 2 figs., 37 tabs

Reconsidering energy efficiency

International Nuclear Information System (INIS)

Goldoni, Giovanni

2007-01-01

Energy and environmental policies are reconsidering energy efficiency. In a perfect market, rational and well informed consumers reach economic efficiency which, at the given prices of energy and capital, corresponds to physical efficiency. In the real world, market failures and cognitive frictions distort the consumers from perfectly rational and informed choices. Green incentive schemes aim at balancing market failures and directing consumers toward more efficient goods and services. The problem is to fine tune the incentive schemes [it

The Factors Influencing Economic Efficiency of the Hospital Bed Care in Terms of the Regional Allowance Organizations

Directory of Open Access Journals (Sweden)

Vaňková Ivana

2014-09-01

Full Text Available This paper aims to provide an efficiency evaluation of selected hospital bed care providers during years 2010 -2012 with respect to selected factors: The size of the hospital establishment according to number of beds, number of hospitalized patients, the average length of stay per a patient in care, total staff cost calculated per bed, total revenues calculated per bed, and total costs calculated per bed. For this purpose, hospitals providing primarily acute bed care were chosen. From the legal point of view, they are allowance organizations of a particular region. The evaluation concerns both allocative efficiency and technical efficiency. The allocative efficiency is treated from the proper algorithm point of view and it compares total costs calculated per bed with total revenues calculated per bed. A method denominated Data Envelopment Analysis was applied for the calculation of the technical efficiency of units. To be more specific, it was input-oriented model with constant returns to scale (CCR. The input parameters involve the number of beds, the average length of stay and costs per day of stay. Output parameters were as follows: Bed occupancy in days and the number of hospitalized patients. The data published by the Institute of Health Information and Statistic of the Czech Republic and by ÚFIS system (the Data Base of Ministry of Finance of the Czech Republic were used as the source of data. The evaluation implies that only three hospitals were economically-effective: Silesian Hospital in Opava, Hospital Jihlava, and TGM Hospital Hodonín. The most significant factor influencing the efficiency was determined - the average length of stay.

The Financial Regulation of the Country’s Economic Development

Directory of Open Access Journals (Sweden)

Davydova Irina I.

2017-12-01

Full Text Available The article is aimed at disclosing the essence of the system of financial regulation of economic development of the country, defining institutional foundations in the process of development of financial mechanism. Approaches to strengthening the efficiency of financial policy as an important economic institution, which should significantly influence economic growth, have been developed. The directions of increase of efficiency of budget policy in conditions of institutional changes have been defined. Currently, financial regulation of the country is being formed in the context of socio-economic policy, which is resulting from the need for the State participation in the world economic and financial relations, for improving the quality of public services on the part of the State, which requires the implementation of a strategy of economic growth at a qualitatively new institutional level. The State financial policy should ultimately focus on the appropriate endogenous factors of economic growth. In modern conditions it is expedient to strengthen the role of financial policy as a significant macro-economic instrument, which provides an effective influence on achievement of financial and economic balance, efficiency of economic transformations.

CHARACTERISTICS OF MANAGEMENT AND LEADERSHIP IN ORDER TO EFFICIENTLY ACHIEVE THE ORGANIZATIONAL CHANGES PRODUCED BY THE ECONOMIC CRISIS

Directory of Open Access Journals (Sweden)

Iuliana Talmaciu

2015-05-01

Full Text Available Change has become the watchword of the present times. The dynamism of economic, social and political life is becoming more pronounced and it determines numerous organizational changes. In times of crisis and during the following periods, companies face major challenges, changes becoming even harder to anticipate and plan. The economic difficulties encountered by the business environment can be a decisive test for the leaders of companies. The main purpose of this article is to analyze the leadership characteristics which are necessary to efficiently manage and implement organizational changes during crisis. The research method used in this paper was based on the content analysis of works by both Romanian and foreign authors and on some studies conducted by different specialized companies. This paper is structured as follows: introduction, aspects regarding managers' role in change management, characteristics needed by the leaders involved in the change process, conclusions and biography.

Productivity and efficiency of economic activity of the Lower Silesia's large area farms in comparison with other large area farms in Poland

Directory of Open Access Journals (Sweden)

Stanisław Minta

2009-01-01

Full Text Available The paper shows economical and financial situation of the agricultural companies which have most of the grounds in lease. Analysed objects were settled on Lower Silesia (the province in the south – west Poland. The main part of the results of research was about productivity and efficiency of economic resources in these objects. The research was made in years 2000-2002. The results of research in analyzed Lower Silesia’s companies were compared with the best Polish large area farms in order of law and organisation forms: leased farms, private farms and partnerships of Polish public agency AWRSP.

Saving, efficiency and management of electric sector demand

International Nuclear Information System (INIS)

Sanchez de Tembleque, L. J.

2007-01-01

Spanish economic model of development is based on energy consumption, and its main source is imported fossil fuels, which have some environmental and scarcity consequences in the mid term, among others. These problems could be reduced in two ways: economic activity reduction or energy efficiency improvement. In the presence of these possibilities, It may be desirable to bet for saving and energy efficiency, to maintain the economic development. This assignment analyzes the main available regulatory and social mechanisms to promote saving and energy efficiency in the power sector, like systems to internalize social costs in the electricity price, efficiency standards, and encourage the new saving culture. (Author) 15 refs

Navigating the Impact of Globalization on Bank Efficiency in China%Navigating the Impact of Globalization on Bank Efficiency in China

Institute of Scientific and Technical Information of China (English)

Fadzlan Sufian; Muzafar Shah Habibullah

2011-01-01

The paper provides for the first time empirical evidence on the impact of economic globalization on bank efficiency in a developing economy. Using the data envelopment analysis method, we compute the efficiency of the Chinese banking sector during 2000- 2002 The empirical findings suggest that the inefficiency of the Chinese banking sector stems largely from scale rather than pure technical inefficiencies. Examining different components of economic globalization, we find that greater economic integration through higher trade flows, cultural proximity and political globalization have significant andpositive influence on bank efficiency levels. The empirical findings suggest that liberalization （restrictions） of the capital account exerts a negative （positive） influence on bank efficiency levels in China.

Loads of green washing—can behavioural economics increase willingness-to-pay for efficient washing machines in the UK?

International Nuclear Information System (INIS)

Bull, Joe

2012-01-01

The EU energy efficiency labelling scheme has successfully increased demand for efficient appliances by providing a prominent letter rating to consumers during their product search. Behavioural economics (BE) suggests the adoption of efficient appliances could be accelerated further by: (i) monetising efficiency, (ii) directly communicating the link between efficiency and carbon emissions, (iii) communicating the long-term (e.g., operational life) financial and environmental impact of product choices, and, (iv) framing the information as avoided losses (‘extra’) rather than gains (‘savings’). This study tested these hypotheses via an online, stated preference survey of 465 UK residents using actual market pricing and efficiency data for washing machines. The provision of information about either running costs or running emissions did encourage selection of more expensive and efficient products (strongly correlated variables in the choice set and actual market) (p<.001, r=.30–.41) with no statistically significant difference between their impact. Providing lifetime running cost information also nudged respondents towards more expensive, efficient products than annual information (p=.006–.027, r=.15–.18). Finally, loss-framed running emissions information encouraged selection of more expensive, efficient products than gain-framed information (p<.05, r=.13–.16). The EU label is an impracticable means of communication, but digital communication channels (e.g., price comparison websites) may offer potential for inexpensive localisation and personalisation of the information. The results suggest that successful communication could benefit the private sector whilst making a contribution to reducing carbon emissions. - Highlights: ► 465 UK residents made a hypothetical washing machine purchase via an online survey. ► Respondents were exposed to either running cost or running emissions information. ► Running cost information increased willingness

Ecological efficiency in China and its influencing factors-a super-efficient SBM metafrontier-Malmquist-Tobit model study.

Science.gov (United States)

Ma, Xiaojun; Wang, Changxin; Yu, Yuanbo; Li, Yudong; Dong, Biying; Zhang, Xinyu; Niu, Xueqi; Yang, Qian; Chen, Ruimin; Li, Yifan; Gu, Yihan

2018-05-15

Ecological problem is one of the core issues that restrain China's economic development at present, and it is urgently needed to be solved properly and effectively. Based on panel data from 30 regions, this paper uses a super efficiency slack-based measure (SBM) model that introduces the undesirable output to calculate the ecological efficiency, and then uses traditional and metafrontier-Malmquist index method to study regional change trends and technology gap ratios (TGRs). Finally, the Tobit regression and principal component analysis methods are used to analysis the main factors affecting eco-efficiency and impact degree. The results show that about 60% of China's provinces have effective eco-efficiency, and the overall ecological efficiency of China is at the superior middling level, but there is a serious imbalance among different provinces and regions. Ecological efficiency has an obvious spatial cluster effect. There are differences among regional TGR values. Most regions show a downward trend and the phenomenon of focusing on economic development at the expense of ecological protection still exists. Expansion of opening to the outside, increases in R&D spending, and improvement of population urbanization rate have positive effects on eco-efficiency. Blind economic expansion, increases of industrial structure, and proportion of energy consumption have negative effects on eco-efficiency.

Techno-Economic Feasibility of Highly Efficient Cost-Effective Thermoelectric-SOFC Hybrid Power Generation Systems

Energy Technology Data Exchange (ETDEWEB)

Jifeng Zhang; Jean Yamanis

2007-09-30

Solid oxide fuel cell (SOFC) systems have the potential to generate exhaust gas streams of high temperature, ranging from 400 to 800 C. These high temperature gas streams can be used for additional power generation with bottoming cycle technologies to achieve higher system power efficiency. One of the potential candidate bottoming cycles is power generation by means of thermoelectric (TE) devices, which have the inherent advantages of low noise, low maintenance and long life. This study was to analyze the feasibility of combining coal gas based SOFC and TE through system performance and cost techno-economic modeling in the context of multi-MW power plants, with 200 kW SOFC-TE module as building blocks. System and component concepts were generated for combining SOFC and TE covering electro-thermo-chemical system integration, power conditioning system (PCS) and component designs. SOFC cost and performance models previously developed at United Technologies Research Center were modified and used in overall system analysis. The TE model was validated and provided by BSST. The optimum system in terms of energy conversion efficiency was found to be a pressurized SOFC-TE, with system efficiency of 65.3% and cost of $390/kW of manufacturing cost. The pressurization ratio was approximately 4 and the assumed ZT of the TE was 2.5. System and component specifications were generated based on the modeling study. The major technology and cost barriers for maturing the system include pressurized SOFC stack using coal gas, the high temperature recycle blowers, and system control design. Finally, a 4-step development roadmap is proposed for future technology development, the first step being a 1 kW proof-of-concept demonstration unit.

Economic efficiency of coal gasification in Poland in reference to the price of CO2 emission rights

Directory of Open Access Journals (Sweden)

Kopacz Michał

2016-01-01

Full Text Available The article presents the impact of prices of carbon dioxide on the economic efficiency of 14 coal gasification technologies employed for producing electricity, hydrogen and methanol measured with the use of NPV method. All technical, technological and economic assumptions in the assessment have been made for Polish conditions. The impact of CO2 prices were examined in the range of 30-200 PLN/Mg. The production capacity of the base technology corresponds with the fuel consumption of indicative coal having the calorific value of 20.5 GJ/Mg, used in the amount of 100 Mg/h. On the basis of the conducted research, with respect to all technical and economic assumptions, it can be stated that for the base scale there is a clear impact of prices of CO2 emission allowances above the 90 PLN/Mg CO2. Such a level of carbon dioxide prices makes the decision concerning construction of geological sequestration systems (CCS, carbon capture and storage worthwhile. This applies in particular to the production of electric energy. For the variants focused on hydrogen production there is a dominance of variants with CCS system only at the price exceeding 120 PLN/Mg CO2, and in the case of methanol such a situation occurs above 150 PLN/Mg CO2.

'Normal' markets, market imperfections and energy efficiency

International Nuclear Information System (INIS)

Sanstad, A.H.; Howarth, R.B.

1994-01-01

The conventional distinction between 'economic' and 'engineering' approaches to energy analysis obscures key methodological issues concerning the measurement of the costs and benefits of policies to promote the adoption of energy-efficient technologies. The engineering approach is in fact based upon firm economic foundations: the principle of lifecycle cost minimization that arises directly from the theory of rational investment. Thus, evidence that so-called 'market barriers' impede the adoption of cost-effective energy-efficient technologies implies the existence of market failures as defined in the context of microeconomic theory. A widely held view that the engineering view lacks economic justification, is based on the fallacy that markets are 'normally' efficient. (author)

Energy efficiency indicators of Italy (1970-1992)

Energy Technology Data Exchange (ETDEWEB)

D` Angelo, E; Perrella, G [ENEA, Centro Ricerche Casaccia, Rome (Italy). Dip. Energia; Bianco, R

1996-02-01

This report is aimed at presenting the results of the energy efficiency evolution in Italy for the 1970-1992 period Results come from the data-base developed under the SAVE/EnR project on `Cross countries comparison on energy efficiency indicators`. In order to be comparable among countries, efforts have been made to harmonize the data collection as well as the definition and the calculation of energy efficiency indicators. Selected indicators are considered in order to illustrate the potentiality of the project (around 200 different energy efficiency indicators can be calculated and presented). Emphasis is put on the interpretation of the so-called `techno-economic indicators` as well as explanatory indicators both for the economic and techno-economic approaches. Industry, transport, tertiary, residential and transformation sectors have been analyzed.

Approaches towards airport economic performance measurement

Directory of Open Access Journals (Sweden)

Ivana STRYČEKOVÁ

2011-01-01

Full Text Available The paper aims to assess how economic benchmarking is being used by airports as a means of performance measurement and comparison of major international airports in the world. The study focuses on current benchmarking practices and methods by taking into account different factors according to which it is efficient to benchmark airports performance. As methods are considered mainly data envelopment analysis and stochastic frontier analysis. Apart from them other approaches are discussed by airports to provide economic benchmarking. The main objective of this article is to evaluate the efficiency of the airports and answer some undetermined questions involving economic benchmarking of the airports.

Green Taxation in Question: Politics and Economic Efficiency in Environmental Regulation

DEFF Research Database (Denmark)

Daugbjerg, Carsten; Svendsen, Gert Tinggaard

these policy recommendations are second best in strict economic terms, they are the best economic designs given that they must be politically feasible. Understanding the politics of green taxation is the prerequisite for the development of effective green taxation models which have a chance of being...

THE PRACTICE OF EVALUATING THE ECONOMIC EFFICIENCY OF THE INNOVATIVE PROJECT

Directory of Open Access Journals (Sweden)

I. A. Vorobiev

2013-01-01

Full Text Available At the present stage of development of the society of scientific and technical activities is the most important factor in the intensification of production and the growth of its economic performance. It is therefore important now gets to determine the effectiveness of research and development activities, improving the measurement methods of economic evaluation of innovative projects and innovation. For informed decision-making requires a deep study and objective assessment of the real situation. This is due to changes in economic relations between the producers and consumers of scientific and technical products. Earlier in this activity involved only state scientific institution and the enterprise, then now they are gradually joining financial institutions, commercial and non-profit organizations. The adoption of innovative solutions should be preceded by thorough and comprehensive analysis of the economic feasibility of the innovative project. In this paper we propose to consider how business is costing innovative projects and determine their effectiveness for the enterprise business hotel.

Energy and economic growth: Grounding our understanding in physical reality

International Nuclear Information System (INIS)

Ockwell, David G.

2008-01-01

This article attempts to summarise the complex, wide ranging and unresolved debate within the economics literature on the possibility of decoupling economic growth from energy use. It explores the difference between neo-classical and ecological economic worldviews and highlights how the ecological economic approach attempts to ground its analysis within the physical limits implied by the laws of thermodynamics. Once these laws are accounted for, the possibility of decoupling economic growth from energy use seems more limited than neo-classical economics implies. Analysis of empirical evidence also demonstrates that observed improvements in GDP/energy use ratios in the USA are better explained by shifts towards higher quality fuels than by improvements in the energy efficiency of technologies. This implies a need to focus on decarbonising energy supply. Furthermore, where energy-efficiency improvements are attempted, they must be considered within the context of a possible rebound effect, which implies that net economy-wide energy savings from energy-efficiency improvements may not be as large as the energy saved directly from the efficiency improvement itself. Both decarbonising energy supply and improving energy efficiency require the rapid development and deployment of new and existing low-carbon technologies. This review therefore concludes by briefly outlining areas of economic thought that have emerged as a result of engagement between economists and experts from other disciplines. They include ecological, evolutionary and institutional economics, all of which can make policy-relevant contributions to achieving a transition to a low-carbon economy

Efficient renewable energy scenarios study for Victoria

International Nuclear Information System (INIS)

Armstrong, Graham

1991-01-01

This study examines the possible evolution of Victorian energy markets over the 1998-2030 period from technical, economic and environmental perspectives. The focus is on the technical and economic potential over the study period for renewable energy and energy efficiency to increase their share of energy markets, through their economic competitiveness with the non-renewables of oil, gas and fossil fulled electricity. The study identifies a range of energy options that have a lower impact on carbon dioxide emissions that current projections for the Victorian energy sector, together with the savings in energy, dollars and carbon dioxide emissions. In addition the macroeconomic implications of the energy paths are estimated. Specifically it examines a scenario (R-efficient renewable) where energy efficiency and renewable energy sources realise their estimated economic potential to displace non-renewable energy over the 1988-2030 period. In addition, a scenario (T-Toronto) is examined where energy markets are pushed somewhat harder, but again on an economic basis, so that what is called the Toronto target of reducing 1988 carbon dioxide (CO 2 ) emissions by 20 per cent by 2005 is attained. It is concluded that over the next forty years there is substantial economic potential in Victoria for significant gains from energy efficiency in all sectors - residential, commercial, industrial and transport - and contributions from renewable energy both in those sectors and in electricity generations. 7 figs., 5 tabs

Blue Growth and Economics

Directory of Open Access Journals (Sweden)

Phoebe eKoundouri

2015-11-01

Full Text Available Oceans and seas represent over 70% of the earth's surface. Furthermore, living aquatic resources can provide a significant contribution to food, energy and bio-based products. However, marine ecosystems are subject to increasing pressures and competing usages, resulting from resources over-exploitation and pollution. In order to produce efficient marine management plans, it is essential to consider the total economic value provided by the marine ecosystems. In this review, we are focusing on the Marine Framework Strategy Directive and the European Marine Spatial Planning that are established for the protection and efficient use of the marine area. We present the ecosystem services approach with regards to the marine ecosystem and propose economic methods that capture the marine ecosystem’s total economic value in relation to the opportunity cost of marine space. Values should be used to guide policy makers following the European directives and initiatives.

Social and economic development of Russia: Finding new dynamics

Directory of Open Access Journals (Sweden)

Dmitry Medvedev

2016-12-01

Full Text Available This paper addresses Russian economic development and economic policy in 2015–2016. The analysis focuses on external and domestic challenges as well as the anti-crisis policy of the Russian government. Special attention is paid to key elements of the new model of economic growth in Russia. The paper discusses economic policy priorities for sustainable growth that include budget efficiency, structural reforms and import substitution, the encouragement of entrepreneurship, the efficiency of public administration, and the modernization of the welfare state.

Improving the economic efficiency of PV plants through own consumption - risks and opportunities; Erhoehung der Wirtschaftlichkeit von PV-Anlagen durch Eigenverbrauch. Chancen und Risiken

Energy Technology Data Exchange (ETDEWEB)

Carr, Luis; Corradini, Roger [FfE Forschungsstelle fuer Energiewirtschaft e.V., Muenchen (Germany); Roon, Serafin von [Forschungsgesellschaft fuer Energiewirtschaft mbH, Muenchen (Germany)

2012-04-15

The own-consumption regulation introduced in 2009 has led to an improved economic efficiency of PV plants. Even if the remuneration paid for own supply should be abolished, rising electricity prices will nevertheless strengthen the incentive for operators to increase their rate of own consumption. This scenario applies for the currently existing total of around 9 GW in installed PV capacity. A high rate of own consumption will continue to offer benefits for plants to be installed in future as well, and this will be further amplified if the scheduled cuts in feed-in compensation are moved forward in time. However, the promotion of own consumption of PV electricity can only provide relief to local electricity networks if these have a suitable load management in place. In spite of the compensation paid for own consumption it will further be necessary to find mechanisms that secure the economic effectiveness of efficiency technologies.

Neighborhood Energy/Economic Development project

Energy Technology Data Exchange (ETDEWEB)

1991-12-31

Energy costs impact low income communities more than anyone else. Low income residents pay a larger percentage of their incomes for energy costs. In addition, they generally have far less discretionary energy use to eliminate in response to increasing energy prices. Furthermore, with less discretionary income, home energy efficiency improvements are often too expensive. Small neighborhood businesses are in the same situation. Improved efficiency in the use of energy can improve this situation by reducing energy costs for residents and local businesses. More importantly, energy management programs can increase the demand for local goods and services and lead to the creation of new job training and employment opportunities. In this way, neighborhood based energy efficiency programs can support community economic development. The present project, undertaken with the support of the Urban Consortium Energy Task Force, was intended to serve as a demonstration of energy/economic programming at the neighborhood level. The San Francisco Neighborhood Energy/Economic Development (NEED) project was designed to be a visible demonstration of bringing the economic development benefits of energy management home to low-income community members who need it most. To begin, a Community Advisory Committee was established to guide the design of the programs to best meet needs of the community. Subsequently three neighborhood energy/economic development programs were developed: The small business energy assistance program; The youth training and weatherization program; and, The energy review of proposed housing development projects.

An efficient technique to solve combined economic and emission ...

Indian Academy of Sciences (India)

Home; Journals; Sadhana; Volume 38; Issue 4 ... Combined economic emission dispatch (CEED); optimization algorithms; power demand; Ant ... and at the same time the necessary equality and inequality constraints should also be fulfilled.

Business Case for Energy Efficiency in Support of Climate Change Mitigation, Economic and Societal Benefits in India

Energy Technology Data Exchange (ETDEWEB)

McNeil, Michael A.; Ke, Jing; Can, Stephane de la Rue du; Letschert, Virginie E.; McMahon, James E.

2011-12-02

This study seeks to provide policymakers and other stakeholders with actionable information towards a road map for reducing energy consumption cost-effectively. We focus on individual end use equipment types (hereafter referred to as appliance groups) that might be the subject of policies - such as labels, energy performance standards, and incentives - to affect market transformation in the short term, and on high-efficiency technology options that are available today. the high efficiency or Business Case scenario is constructed around a model of cost-effective efficiency improvement. Our analysis demonstrates that a significant reduction in energy consumption and emissions is achievable at net negative cost, that is, as a profitable investment for consumers. Net savings are calculated assuming no additional costs to energy consumption such as carbon taxes. Savings relative to the base case as calculated in this way is often referred to as “economic savings potential”. So far, the Indian market has responded favorably to government efficiency initiatives, with Indian manufacturers producing a higher fraction of high-efficiency equipment than before program implementation. This study highlights both the financial benefit and the scope of potential impact for adopting this equipment, all of which is already readily available on the market. The approach of the study is to assess the impact of short-term actions on long-term impacts. “Short-term” market transformation is assumed to occur by 2015, while “long-term” energy demand reduction impacts are assessed in 2030. In the intervening years, most but not all of the equipment studied will turn over completely. The Business Case concentrates on technologies for which cost-effectiveness can be clearly demonstrated.

Economic Efficiency of Establishing Domestic Production of Synthetic Liquid Fuel

Directory of Open Access Journals (Sweden)

Kyzym Mykola O.

2017-06-01

Full Text Available The article notes a stable tendency to increasing the oil dependence of Ukraine, which creates a threat to the national economic security, and proves an expediency of establishing domestic production of synthetic liquid fuel. The technical, organizational and economic features of establishing synthetic liquid fuel production in Ukraine are presented. There proved a hypothesis on the expediency of organizing the production of synthetic liquid fuels based on steam-plasma coal gasification technology. The forecast resource cycle of the country until 2020 under conditions of developing this technology is modeled.

China’s Water Utilization Efficiency: An Analysis with Environmental Considerations

Directory of Open Access Journals (Sweden)

Hailiang Ma

2016-05-01

Full Text Available This paper estimates China’s water utilization efficiency using the directional distance function to take into account the environmental degradation affecting the economy. We further analyze the spatial correlation and the factors influencing the utilization efficiency using spatial panel data models. The results show that water utilization efficiency in China differs between provinces and regions. For example, water utilization efficiency in the eastern coastal provinces is significantly higher than that of inland provinces. The pattern of spatial auto-correlation Moran’s I index presents significant spatial auto-correlation and evident cluster tendencies in China’s inter-provincial water utilization. Factors that contribute to water utilization efficiency include economic development, technological progress, and economic openness. Negative factors affecting water utilization efficiency arise from industrial structure, government interference, and water resources endowment. In addition, the price of water resources is insignificant. The improvement of water utilization efficiency is essential to sustainable economic development. To raise the utilization efficiency of water resources, China should focus on transforming its industrial restructure, advancing technological development, enhancing economic openness, and encouraging entrepreneurial innovations. Moreover, establishing a mechanism to encourage water conservation and reduce wastewater pollution will further increase water utilization efficiency.

An efficient technique to solve combined economic and emission ...

Indian Academy of Sciences (India)

GPSO was a derivative of the Standard Particle Swarm Optimization (SPSO) and .... ing path which makes it more attractive for future ants to follow. ..... algorithm applied to power economic dispatch of generators with multiple fuel options.

Efficiency model of Russian banks

OpenAIRE

Pavlyuk, Dmitry

2006-01-01

The article deals with problems related to the stochastic frontier model of bank efficiency measurement. The model is used to study the efficiency of the banking sector of The Russian Federation. It is based on the stochastic approach both to the efficiency frontier location and to individual bank efficiency values. The model allows estimating bank efficiency values, finding relations with different macro- and microeconomic factors and testing some economic hypotheses.

Innovation, resources and economic growth

International Nuclear Information System (INIS)

Curzio, A.Q.; Fortis, M.; Zoboli, R.

1994-01-01

The book is concerned with the following items: 1. Technological Creativity and Institutions, 2. Innovation at Work in an Historical-Economic Perspective: Energy and Industrial Materials, 3. Scientific Revolutions and Strategies of Economic Supremacy: Advanced Materials and Biotechnologies, 4. Economic Growth and Agro-Food Policies in Key Problem Regions: Former USSR and LDCs, 5. Economic Growth and Natural Resources at Risk: Climate Change, Forests and Water and in Conclusion: Innovation and Resources in a Global Policy Perspective. Only one chapter have regard to energy problems: Energie efficient technologies: past and future perspectives. (UA)

The Economics of Independent Living: Efficiency, Equity and Ethics.

Science.gov (United States)

O'Shea, E.; Kennelly, B.

1996-01-01

This article explores the meaning of efficiency and equity in the context of independent living programs for people with disabilities. Conflicts in costs and trade-offs in various scenarios of the efficiency/equity equation are examined in terms of theories of utilitarianism, contractarianism, justice and mutual advantage, and justice as…

Research on the Sensorial Quality and Economic Efficiency in Obtaining of a certain Raw Meat Product - Mici Paste

Directory of Open Access Journals (Sweden)

Claudiu-Dan Salagean

2013-11-01

Full Text Available Research aimed the sensorial quality connected with the economic efficiency to obtain a certain raw meat product (mici paste in 4 experimental variants: 1 and 3 variants, with animal raw materials (meat + bacon and mix of natural spices - fine grinding variant (1 and coarse grinding variant (3 - chopping at the volf through the sieve of 3-4 mm; 2 and 4 variants, with animal raw materials (meat + bacon + vegetable protein supplements (textured soy protein + binder (protein + fiber + additive mix - fine grinding variant (2 and coarse grinding variant (4 - chopping at the volf through the sieve of 3 - 4 mm. In this respect organoleptic analyzes were performed on appearance (exterior and section, color, smell, texture and taste of the finished product (after roasting, the results highlighting that, in terms of organoleptic, sample 1 obtained the highest score (on a scale of 1-poor to 5-very good quality (average 21.83, followed by sample 3 (average 19.22, the very small difference in the case of sample 2 (average 19.19 and finally, sample 4 (average 18.75. It was noted that sample 1 obtained the highest score (average of all analyzed organoleptic indicators: appearance (4.33, color (4.39, smell (4.67, texture (4.33 and taste (4.11 being favorite by all volunteer subjects who participated at the analysis. The same thing was found in sensory analysis of mici paste in fresh/chilled condition: 65% of subjects preferred variant 1 followed by variant 3 (19.2%, variant 2 (11.5% and finally, variant 4 (3.8%. In terms of economic the highest efficiency was found in 2 (specific consumption 0.73 and 4 (specific consumption 0.77 variants compared to 1 (specific consumption 0.80 and 3 (specific consumption 0.82 variants, which translates into a reduction in the cost of products manufactured in the variants 2 and 4 (with protein supplements and additive mix by about 25-20% (with importance for the manufacturer. Also, thermal processing (roasting revealed the

Production Efficiency Audit on Tea Beverage Agroindustry

Directory of Open Access Journals (Sweden)

Hendra Adiyatna, . Marimin

2001-04-01

Full Text Available The objective of this work was to investigate and to apply economic efficiency performance measurement methods for tea beverage agroindustry. These measurements were based on twelve technique and economic efficiency criteria, which illustrate the condition of the processes. This illustration was able to explain the material and the energy utilization, variance of the processes and product, handling of the waste and acceptance in the market. The methodology was divided into three steps: (1 defining the technique and the economic criteria, appropriate to the circumstance of the processes, (2 state efficiency the level status, (3 evaluation and structure prioritizing of the processes improvement alternatives. The results of this work indicates that there are seven appropriate criteria. The status of the efficiency is in the medium level. The improvement priorities recommended include optimization of material and energy usage and minimization of breaktime of the critical processes

The future of health economics: The potential of behavioral and experimental economics

Directory of Open Access Journals (Sweden)

Fredrik Hansen

2015-05-01

Full Text Available Health care systems around the globe are facing great challenges. The demand for health care is increasing due to the continuous development of new medical technologies, changing demographics, increasing income levels, and greater expectations from patients. The possibilities and willingness to expand health care resources, however, are limited. Consequently, health care organizations are increasingly required to take economic restrictions into account, and there is an urgent need for improved efficiency. It is reasonable to ask whether the health economics field of today is prepared and equipped to help us meet these challenges. Our aim with this article is twofold: to introduce the fields of behavioral and experimental economics and to then identify and characterize health economics areas where these two fields have a promising potential. We also discuss the advantages of a pluralistic view in health economics research, and we anticipate a dynamic future for health economics.

Energy Efficiency Evaluation and Economic Feasibility Analysis of a Geothermal Heating and Cooling System with a Vapor-Compression Chiller System

OpenAIRE

Imal, Muharrem; Yılmaz, Koray; Pınarbaşı, Ahmet

2015-01-01

Increasing attention has been given to energy utilization in Turkey. In this report, we present an energy efficiency evaluation and economic feasibility analysis of a geothermal heating and cooling system (GSHP) and a mechanical compression water chiller system (ACHP) to improve the energy utilization efficiency and reduce the primary energy demand for industrial use. Analyses of a mechanical water chiller unit, GSW 180, and geothermal heating and cooling system, EAR 431 SK, were conducted in ...

Social Responsibility and Economic Efficiency: aspects of estimation

OpenAIRE

Filippova, Irina

2014-01-01

The article discusses the concept of social responsibility of state and business in terms of effectiveness of social production system. In this perspective the traditional approaches to determining the effectiveness of the economic system were critically reviewed. Not only new approach to assessing the effectiveness being proposed in this paper, but also the link between effectiveness of public production system and social responsibility of core subjects is substantiated. Conventional approac...

Energy efficiency clauses in charter party agreements legal and economic perspectives and their application to ocean grain transport

CERN Document Server

Psarros, George Adamantios

2017-01-01

This book provides practical solutions for addressing energy efficiency as a clause term within a charter party contract. For this, upon a reflection of the regulatory craft, it analyzes key concepts of case law, and discusses them together with commercial and economic principles. In this way, the book aims at offering a comprehensive, interdisciplinary view of the chartering process, together with a new approach for safeguarding energy efficiency investments. A special emphasis is given to the maritime industry. Here, the newly developed framework, based on game theory, has been successfully applied to demonstrate the importance of including a clause term in contract negotiation to achieve protection against both an uncertain market and an even more challenging shipping environment. The book not only fills a gap in the literature, covering a topic that has been largely neglected to date, yet it offers researchers and practitioners extensive information to change the chartering process radically.

A demonstration of the improved efficiency of the canonical coordinates method using nonlinear combined heat and power economic dispatch problems

Science.gov (United States)

Chang, Hung-Chieh; Lin, Pei-Chun

2014-02-01

Economic dispatch is the short-term determination of the optimal output from a number of electricity generation facilities to meet the system load while providing power. As such, it represents one of the main optimization problems in the operation of electrical power systems. This article presents techniques to substantially improve the efficiency of the canonical coordinates method (CCM) algorithm when applied to nonlinear combined heat and power economic dispatch (CHPED) problems. The improvement is to eliminate the need to solve a system of nonlinear differential equations, which appears in the line search process in the CCM algorithm. The modified algorithm was tested and the analytical solution was verified using nonlinear CHPED optimization problems, thereby demonstrating the effectiveness of the algorithm. The CCM methods proved numerically stable and, in the case of nonlinear programs, produced solutions with unprecedented accuracy within a reasonable time.

Equity Criteria as Instrument to Ensure Sustainability of Pareto or Kaldor-Hicks Efficiency: A Correlation Hidden by Sources of Confounding as Key for Sorting Out the Global Economic Crisis

OpenAIRE

Benazzo, Piero

2010-01-01

The hypothesis is that Pareto and Kaldor-Hicks Efficiency have an aspect of sustainability in relation to inequality. The analysis finds efficient situations reached increasing inequality as diminishing in the long term effective demand in a larger measure than counterbalancing increases thanks to total factor productivity growth. Equity and efficiency in welfare economics, rather than being quite contrasting objectives, are as such related and mutually necessary. As such countries are called...

Positioning matrix of economic efficiency and complexity: a case study in a university hospital.

Science.gov (United States)

Ippolito, Adelaide; Viggiani, Vincenzo

2014-01-01

At the end of 2010, the Federico II University Hospital in Naples, Italy, initiated a series of discussions aimed at designing and applying a positioning matrix to its departments. This analysis was developed to create a tool able to extract meaningful information both to increase knowledge about individual departments and to inform the choices of general management during strategic planning. The name given to this tool was the positioning matrix of economic efficiency and complexity. In the matrix, the x-axis measures the ratio between revenues and costs, whereas the y-axis measures the index of complexity, thus showing "profitability" while bearing in mind the complexity of activities. By using the positioning matrix, it was possible to conduct a critical analysis of the characteristics of the Federico II University Hospital and to extract useful information for general management to use during strategic planning at the end of 2010 when defining medium-term objectives. Copyright © 2013 John Wiley & Sons, Ltd.

Understading neoliberal politics by the mediation of institutional economics

OpenAIRE

Akansel, İlkben

2014-01-01

Neoliberalism, which cannot be described by a certain rule, includes a wide range of perspective. Therefore, it is a highly effective notion in terms of economics and politics. This efficiency has a mutual meaning in socio-cultural area. However, it is obvious that the most effective area of neoliberal politics is economics, because intended efficiency in politics and socio-cultural levels are provided through applicable economics politics. Although it has some certain notions derived from al...

Typology of efficiency of functioning of enterprise

Directory of Open Access Journals (Sweden)

I.I. Svitlyshyn

2015-03-01

Full Text Available Measuring and estimation of the efficiency of functioning of enterprises of agrarian sector traditionally performed by applying only some of its types, which focuses mainly on operating activity. Investment and financial activity, as inalienable constituent of economic process of enterprise, remain regardless thus. In addition, in scientific literature and practical activity to research of efficiency focuses on the stages «production-exchange». The stages of «distribution» and «consumption» at the level of enterprise are not examined. This distorts the results of measuring and estimation of efficiency and makes uneffective proposals for its growth. Coming from what, approach is worked out to determination and systematization of basic types of efficiency of functioning of enterprises of agrarian sector. Approach is based on the offered model, that system represents all stages and types of economic activity of the enterprise. The basic lines of efficiency are interpreted on every stage and in the cut of types of economic activity of enterprise. It allows to provide a complexity and system during its measuring and estimation.

Efficient Operation of a Multi-purpose Reservoir in Chile: Integration of Economic Water Value for Irrigation and Hydropower

Science.gov (United States)

Olivares, M. A.; Gonzalez Cabrera, J. M., Sr.; Moreno, R.

2016-12-01

Operation of hydropower reservoirs in Chile is prescribed by an Independent Power System Operator. This study proposes a methodology that integrates power grid operations planning with basin-scale multi-use reservoir operations planning. The aim is to efficiently manage a multi-purpose reservoir, in which hydroelectric generation is competing with other water uses, most notably irrigation. Hydropower and irrigation are competing water uses due to a seasonality mismatch. Currently, the operation of multi-purpose reservoirs with substantial power capacity is prescribed as the result of a grid-wide cost-minimization model which takes irrigation requirements as constraints. We propose advancing in the economic co-optimization of reservoir water use for irrigation and hydropower at the basin level, by explicitly introducing the economic value of water for irrigation represented by a demand function for irrigation water. The proposed methodology uses the solution of a long-term grid-wide operations planning model, a stochastic dual dynamic program (SDDP), to obtain the marginal benefit function for water use in hydropower. This marginal benefit corresponds to the energy price in the power grid as a function of the water availability in the reservoir and the hydrologic scenarios. This function allows capture technical and economic aspects to the operation of hydropower reservoir in the power grid and is generated with the dual variable of the power-balance constraint, the optimal reservoir operation and the hydrologic scenarios used in SDDP. The economic value of water for irrigation and hydropower are then integrated into a basin scale stochastic dynamic program, from which stored water value functions are derived. These value functions are then used to re-optimize reservoir operations under several inflow scenarios.

An economic perspective on the reliability of lighting systems in building with highly efficient energy: A case study

International Nuclear Information System (INIS)

Salata, F.; Lieto Vollaro, A. de; Ferraro, A.

2014-01-01

Highlights: • Proper design of efficient lighting systems. • The reliability and durability of the light sources. • Maintenance of lighting systems. • Quality standards of LED lamps. • Optimum economic choice of light sources. - Abstract: The performance of lighting system must be calculated in order to determine the energy requirements of the building. In the normative [EN 12464-1] are established lighting requirements which have effects on energy needs. The European standard [EN 15193] provides guidance on that evaluation. The easiest way to comply with reduction of energy requirements leads to the replacement of traditional lamps with LED ones, but if we calculate also the reliability parameters, the economic return is not guaranteed. Using bibliographic data, we have compared lighting’s results for a museum (LED lamps versus CFL and halogen lamps). The objective function of the study is to optimize the energy consumption of lighting systems, but at the same time to assess the reliability (MTTF of the lamps) of these systems. Without accurate information about this last parameters, the right choice of the lamps cannot be done successfully

Production efficiency and economic potential of different soil fertility ...

African Journals Online (AJOL)

This paper provides the economic evaluation of different soil fertility replenishing technologies (use of inorganic fertilizers, organic manure, and rhizobium inoculant) that were tested during field studies and recommended to groundnut farmers. Data on soil fertility technologies used by households, groundnut yields, and ...

Computational Efficiency of Economic MPC for Power Systems Operation

DEFF Research Database (Denmark)

Standardi, Laura; Poulsen, Niels Kjølstad; Jørgensen, John Bagterp

2013-01-01

In this work, we propose an Economic Model Predictive Control (MPC) strategy to operate power systems that consist of independent power units. The controller balances the power supply and demand, minimizing production costs. The control problem is formulated as a linear program that is solved...

A comparative study of the economic effectiveness of Polish manufacturers of mushroom compost

Directory of Open Access Journals (Sweden)

Krzysztof Łobos

2012-09-01

Full Text Available In this study the results of the economic efficiency of manufacturers of mushroom compost have been presented. The economic efficiency is operationalized in the following research by selected indicators of efficiency, rotation, and synthetic indicator Z. The main purpose of the study is an analysis of the economic efficiency of companies in the branch development prediction context. The study uses data from the Official Journal of the Republic of Poland “Monitor Polski B”.

METHODS OF EVALUATING THE ECONOMIC EFFICIENCY OF FORMATION OF CORPORATE ENTITIES IN THE FOOD INDUSTRY

Directory of Open Access Journals (Sweden)

N. V. Grishchenko

2014-01-01

Full Text Available Summary: One of the most important issues of improving the management of corporate entities in the food industry is a unified methodological approach to the assessment of economic efficiency. To further improve this methodology approaches evaluation of the efficiency of the creation and development of organizational systems, as well as experience the calculations of estimated figures. Evaluation of the effectiveness of the formation of corporate entities in the food industry should be carried out depending on the stage of the formation of corporate education, which leads to the allocation of the following stages: preliminary calculations, allowing to obtain projections at the stage of idea generation, validation and design of corporate education; calculation of performance indicators corporate education; clarifying the calculations performed on the stage of functioning of corporate education, allowing to take into account not only the main directions of effect due to the formation of corporate structures, but also new sources of savings associated with the possibility of obtaining a formed structure of the system benefits; determination the effectiveness of the organization management corporate education; calculating the integral of the coefficient of efficiency of corporate education. The technique of an estimation of efficiency of formation of corporate entities, subject to practical implementation for analytical purposes, a different set of metrics and indicators calculated differentially depending on the phase (phase corporate improvement that allows you to get an objective view of the intermediate output and outcome effectiveness of the formation of corporate entities in the food industry. The purpose of this technique is to identify the internal resources of improving the formation of corporate education and management. Users of this technique can be leaders and specialists of the corporate entities interested in an objective assessment of

Introduction: economic performance and small business

NARCIS (Netherlands)

A.R. Thurik (Roy)

1996-01-01

textabstractThis paper introduces the special issue of Small business Economics on Performance. The concept of economic performance refers to the degree to which society's resources are being used as efficiently as possible. Where the field of industrial organization has emphasized the influence of

Stagnating energy efficiency in the Swedish building sector-Economic and organisational explanations

International Nuclear Information System (INIS)

Naessen, Jonas; Sprei, Frances; Holmberg, John

2008-01-01

The development towards higher energy efficiency in the Swedish building sector stagnated in the late 1980s and 1990s. In new buildings the average specific energy use for heating is twice as high as in the best performing buildings 20 years ago. By combining econometric studies and interviews with actors in the building sector we analyse the underlying economic and organisational causes for this development. In the stock of buildings, specific energy use for heating (kWh/m 2 /yr) has a high correlation with increasing energy prices and price elasticities have not changed markedly over time. This implies that the stagnation to a large extent can be explained by energy price trends. On the contrary, in new buildings the correlation between energy prices and specific energy use is much weaker. One important cause of low sensitivity to price changes is that information about the life cycle cost (LCC) of different investment alternatives is often not available to the involved actors. The most common investment criterion is instead the requirements of the national building energy standard which has developed into a norm rather than a minimum for energy performance. In this paper we also discuss potential improvements in the learning processes within the sector

Efficient energy management measures in steel industry for economic utilization

Directory of Open Access Journals (Sweden)

Gurinderbir Singh Grewal

2016-11-01

Full Text Available The application of energy efficient Induction Machines (IM is explained in reference to power consumption savings. In energy efficient IM, losses for various Horse Power (HP ratings are summarized for bringing effective changes in design. Emphasis is laid on how load factor, speed & power quality affect machine’s efficiency. Replacement of conventional IM of higher power rating is done with required energy efficient Doubly Fed Induction Machine (DFIM to enhance the performance at variable speeds near rated power outputs. Results of the proposed approach will give substantial savings in energy & loss reduction. The field data of Jindal Steel Rolling Mill (JSRM at Hisar, Haryana (India is taken into consideration. This paper proposes a non-intrusive air gap torque method for efficiency estimation of in-service IMs. This approach gives results considering stray-load and friction-windage loss according to IEC standard and IEEE112-B standard. The proposed method is validated experimentally whose effectiveness is witnessed using MATLAB/SIMULINK.

Economics of abdominal wall reconstruction.

Science.gov (United States)

Bower, Curtis; Roth, J Scott

2013-10-01

The economic aspects of abdominal wall reconstruction are frequently overlooked, although understandings of the financial implications are essential in providing cost-efficient health care. Ventral hernia repairs are frequently performed surgical procedures with significant economic ramifications for employers, insurers, providers, and patients because of the volume of procedures, complication rates, the significant rate of recurrence, and escalating costs. Because biological mesh materials add significant expense to the costs of treating complex abdominal wall hernias, the role of such costly materials needs to be better defined to ensure the most cost-efficient and effective treatments for ventral abdominal wall hernias. Copyright © 2013 Elsevier Inc. All rights reserved.

Effect of pea intercropping on biological efficiencies and economics of some non-legume winter vegetables

International Nuclear Information System (INIS)

Qasim, S.A.; Anjum, M.A.; Hussain, S.; Ahmad, S.

2013-01-01

Intercropping with legumes makes effective use of land and other resources and results in reduced cost of production. Increased agricultural production through intercropping with minimal cost is need of time to feed increasing population. The reported work evaluates the biological efficiencies and economics of pea, garlic, turnip and cauliflower grown as sole crops and when pea intercropped in garlic, turnip and cauliflower during 2010-12. All the vegetables generally yielded more when grown as single crop compared with when pea was intercropped in these vegetables. In peas in garlic intercropping, pea yield was not significantly affected; however, garlic yield was significantly reduced (65.8%). Pea intercropping in turnip or cauliflower resulted in significantly lower yields of both crops (29.1 and 28.0%, respectively) as compared with their sole cropping. All other characteristics (plant growth and yield components) of all the four crops which indicate biological efficiency generally were greater when grown as single crops and decreased in intercropping combinations. Analysis of intercropping treatments revealed that pea intercropping in turnip resulted in the highest marginal rate of return (8,875%), followed by pea intercropping in cauliflower (6,977%), due to lower input costs incurred per hectare. However, net benefit to the growers was higher (Rs. 327,925) in case of pea intercropping in cauliflower, followed by pea intercropping in garlic (Rs. 213,425). (author)

Power Versus Bandwidth Efficiency in Wireless Communication: The Economic Perspective

OpenAIRE

Akhtman, Jos; Hanzo, Lajos

2009-01-01

We carry out a comprehensive analysis of a range of wireless network efficiency considerations. Firstly, we explore the properties and the implications of the power- versus bandwidth-efficiency criteria. Secondly, we perform a detailed top-down analysis of a typical commercial wireless network, which emphasizes the inherent differences between the aforementioned two efficiency metrics, while demonstrating that the appropriate choice of the network optimization criterion can have a profound ef...

Energy efficiency fallacies revisited

International Nuclear Information System (INIS)

Brookes, Leonard

2000-01-01

A number of governments including that of the UK subscribe to the belief that a national program devoted to raising energy efficiency throughout the economy provides a costless - indeed profitable - route to meeting international environmental obligations. This is a seductive policy. It constitutes the proverbial free lunch - not only avoiding politically unpopular measures like outlawing, taxing or rationing offending fuels or expanding non-carboniferous sources of energy like nuclear power but doing so with economic benefit. The author of this contribution came to doubt the validity of this solution when it was offered as a way of mitigating the effect of the OPEC price hikes of the 1970s, maintaining that economically justified improvement in energy efficiency led to higher levels of energy consumption at the economy-wide level than in the absence of any efficiency response. More fundamentally, he argues that there is no case for preferentially singling out energy, from among all the resources available to us, for efficiency maximisation. The least damaging policy is to determine targets, enact the restrictive measures needed to curb consumption, and then leave it to consumers - intermediate and final - to reallocate all the resources available to them to best effect subject to the new enacted constraints and any others they might be experiencing. There is no reason to suppose that it is right for all the economic adjustment following a new resource constraint to take the form of improvements in the productivity of that resource alone. As many others have argued, any action to impose resource constraint entails an inevitable economic cost in the shape of a reduction in production and consumption possibilities: there would be no free lunch. In the last few years debate about the validity of these contentions has blossomed, especially under the influence of writers on the western side of the Atlantic. In this contribution the author outlines the original arguments

Energy Efficiency Evaluation and Economic Feasibility Analysis of a Geothermal Heating and Cooling System with a Vapor-Compression Chiller System

Directory of Open Access Journals (Sweden)

Muharrem Imal

2015-09-01

Full Text Available Increasing attention has been given to energy utilization in Turkey. In this report, we present an energy efficiency evaluation and economic feasibility analysis of a geothermal heating and cooling system (GSHP and a mechanical compression water chiller system (ACHP to improve the energy utilization efficiency and reduce the primary energy demand for industrial use. Analyses of a mechanical water chiller unit, GSW 180, and geothermal heating and cooling system, EAR 431 SK, were conducted in experimental working areas of the office buildings in a cigarette factory in Mersin, Turkey. The heating and cooling loads of the cigarette factory building were calculated, and actual thermal data were collected and analyzed. To calculate these loads, the cooling load temperature difference method was used. It was concluded that the geothermal heating and cooling system was more useful and productive and provides substantial economic benefits.

Economic Values and Resource Use

Directory of Open Access Journals (Sweden)

Jan Mikael Malmaeus

2016-05-01

Full Text Available Absolute decoupling of GDP growth from resource use implies that economic output can be increased without simultaneously increasing input. The essential meaning of this proposition is that the economic values that represent the GDP can be realized by increasing resource efficiency. Given that the GDP is first and foremost a measure of economic activity rather than welfare the possibility of absolute decoupling is theoretically limited. This paper demonstrates theoretically and empirically that economic values at the macroeconomic level are fundamentally determined by the use of production factors, primarily labor and physical capital. Technical innovations or efficiency gains increasing utility without raising the costs of production do not add to the GDP unless they stimulate investments in physical capital. Hence the neoclassical notion of productivity is only found to be relevant as a microeconomic concept. In practice, GDP growth is mostly explained by capital accumulation and a key question is whether or not capital accumulation can be decoupled from the use of materials and energy. This will determine the possibility of decoupling of GDP growth from resource use and environmental impact. Alternative measures of progress focusing on welfare rather than economic activity are more likely to achieve absolute decoupling.

Methodology of economic efficiency assessment and its application to radioactive waste management

International Nuclear Information System (INIS)

Petr, J.

1988-01-01

The share of the radioactive waste treatment process in the total economic balance of nuclear power plants is assessed. Only liquid wastes are considered for simplification. The amount, specific activity and concentration are the basic parameters significant from the economic point of view. The solution of problems associated with the radioactive waste formation (its minimization, e.g., by improving leakproofness, limiting the number of rinsings, optimization of chemical operation regimens) and sorting exhibits an economic effect several times higher (as much as an order of magnitude) than it is theoretically attainable by improving the disposal process. (M.D.). 2 figs

Social Security privatization: balancing efficiency and fairness

OpenAIRE

C. Alan Garner

1997-01-01

This article examines these fundamental issues of economic efficiency and fairness that should be weighed when considering Social Security privatization. The first section summarizes the challenges to the current system and outlines various options for reform. The second section explains how privatization could improve economic efficiency, and briefly considers the difficult issue of the transition costs in moving from the current system to full privatization. The third section discusses impo...

Institutions, Equilibria and Efficiency

DEFF Research Database (Denmark)

Competition and efficiency is at the core of economic theory. This volume collects papers of leading scholars, which extend the conventional general equilibrium model in important ways. Efficiency and price regulation are studied when markets are incomplete and existence of equilibria in such set......Competition and efficiency is at the core of economic theory. This volume collects papers of leading scholars, which extend the conventional general equilibrium model in important ways. Efficiency and price regulation are studied when markets are incomplete and existence of equilibria...... in such settings is proven under very general preference assumptions. The model is extended to include geographical location choice, a commodity space incorporating manufacturing imprecision and preferences for club-membership, schools and firms. Inefficiencies arising from household externalities or group...... membership are evaluated. Core equivalence is shown for bargaining economies. The theory of risk aversion is extended and the relation between risk taking and wealth is experimentally investigated. Other topics include: determinacy in OLG with cash-in-advance constraints, income distribution and democracy...

Economic efficiency of brown coal mine ''Konin'' in market economy conditions

International Nuclear Information System (INIS)

Jeruzel, M.

1995-01-01

The economic situation of ''Konin'' brown coal mine located in Central Poland is analysed. The main problem of the mine is the coal price which is still regulated despite market economy. It causes many difficulties and therefore a change of energy policy is postulated. The basic economic results for 1993 as well as prognosis of investment costs up to 2020 are given. The changes of management system and the strategy planning training are also described. 2 ills, 1 tab

Efficiency in rice production : evidence from gogounou district in ...

African Journals Online (AJOL)

Thetechnical, allocative and economic efficiencies of rice growing in the District of Gogonou and factors determining the economic efficiency have been analysed with the help of a survey carried out among 150 rice producers randomly sampled during the agricultural year 2005-2006. The data analysis is essentially based ...

How do Economic Crises Impact Firm Boundaries?

DEFF Research Database (Denmark)

Foss, Kirsten

2010-01-01

How economic crises impact the boundaries of firms has been offered virtually no attention in the literature on the theory of the firm. I review the best-known theories of the firm and identify the variables that matter for the explanation of firm boundaries. I then examine how an economic crisis...... may impact these variables and change efficient firm boundaries. The various theories of the firm have difficulties explaining how firms efficiently adapt their boundaries to such prominent characteristics of economic crisis as declining demand and increased costs of external finance. However, all...... these theories stress uncertainty as an antecedent of firm organization, and as uncertainty is also an important characteristic of an economic crisis I examine how uncertainty is allowed to play out in the various theories in order to identify what predictions we can derive from the theory regarding changes...

Soil bioengineering measures for disaster mitigation and environmental restoration in Central America: authochtonal cuttings suitability and economic efficiency

Science.gov (United States)

Petrone, A.; Preti, F.

2009-04-01

The use of Soil Bio-Engineering techniques in Developing countries is a relevant issue for Disaster mitigation, environmental restoration and poverty reduction. Research on authochtonal plants suitable for this kind of works and on economic efficiency is essential for the divulgation of this Discipline. The present paper is focused on this two issues related to the realization of various typologies of Soil Bio-engineering works in the Humid tropic of Nicaragua. In the area of Río Blanco, located in the Department of Matagalpa, Soil bio-engineering installations were built in several sites. The particular structures built were: drainages with live fascine mattress, a live palisade, a vegetated live crib wall for riverbank protection, a vegetative covering made of a metallic net and biotextile coupled with a live palisade made of bamboo. In order to evaluate the suitability of the various plants used in the works, monitorings were performed, one in the live palisade alongside an unpaved road and the other on the live crib wall along a riverbank, collecting survival rate and morphological parameters data. Concerning the economic efficiency we proceed to a financial analysis of the works and once the unit price was obtained, we converted the amount in EPP Dollars (Equal Purchasing Power) in order to compare the Nicaraguan context with the Italian one. Among the used species we found that Madero negro (Gliricidia sepium) and Roble macuelizo (Tabebuia rosea) are adequate for Soil-bioengineering measure on slopes while Helequeme (Erythrina fusca) reported a successful behaviour only in the crib wall for riverbank protection. In the comparison of the costs in Nicaragua and in Italy, the unit price reduction for the central American country ranges between 1.5 times (for the vegetative covering) and almost 4 times (for the fascine mattress) if it's used the EPP dollar exchange rate. Thus, a conclusion can be reached with regard to hydrological-risk mitigating actions

Costs and economic efficiency of the drying of sewage sludges; Kosten und Wirtschaftlichkeit der Klaerschlammtrocknung

Energy Technology Data Exchange (ETDEWEB)

Jacobs, Ulrich [Haarslev Industries A/S, Herlev (Denmark). Marketing and Business Development

2013-03-01

New methods of the thermal utilization have to be created due to the fact that agricultural utilisation of sewage sludge and the use in the reclamation due to stringent limit values and enhanced quality criteria are available restricted in future. The incineration of mechanically dewatered and dried sewage sludge is performed in mono-combustion plants as well as in coal-fired power plants. The author of the contribution under consideration reports on the costs and economic efficiency of the drying of sewage sludge. The drying of sewage sludge may perform an important and reasonable contribution to the utilization of municipal sewage sludge. The selection of a suitable drying process should ever depend on the local realities. Proved and suitable technologies are available for every application. Before the decision for a certain provider, one should examine reference plants and consider specific experiences of the operator among the decision-making.

Essays in environmental economics

OpenAIRE

Stoerk, Thomas,

2017-01-01

The first chapter of the dissertation examines the learning process that economic agents use to update their expectation of an uncertain and infrequently observed event. The standard Bayesian updating model is restrictive in that it reflects the strong neo-classical assumption that economic agents efficiently incorporate new information with all available information when updating beliefs. I consider the case of flooding and estimate the effect of first-hand experience on flood insurance ta...

Finance and Economic Development

OpenAIRE

Panizza, Ugo

2012-01-01

Published by Palgrave Macmillan This chapter reviews the literature on finance and economic development. It starts with a description of the roles of finance, a definition of financial efficiency, and a discussion of whether countries may have financial sectors that are ‘too large’ compared to the size of the domestic economy. Next, the author describes several indicators of financial development and reviews the literature on the relationship between financial development and economic growth....

Assesment criteria improvement for operational economical efficiency of NPP with WWER typr reactors

International Nuclear Information System (INIS)

Abagyan, A.A.; Matveev, A.A.; Ignatenko, E.I.; Pshechenkova, T.V.

1983-01-01

A new technique for calculating fuel component of the cost of NPP electric power generation is suggested. To calculate the variable part of fuel component it is suggested to consider the acquisition cost of fuel assemblies, unloaded from the reactor on fuel cycle completion instead of acquisition cost of fresh fuel assemblies, loaded into the reactor for organization of this cycle; it is also suggested to include the acquisition cost of fuel assemblies, remaining in reactop core on completion of the last fuel cycle+ in constant fuel expenses. The fuel component of the cost of WWER-440 reactor electric power generation for desigh operating conditions with 700 full power days period of steady-state fuel cycle was calculated. The suggested technique enables to reveal the deviation of the real fuel cycling conditions from the standard ones and calculate the value of this deviation, establish the reasons, disturbing the economical conditions of reactor operation, to approximate the real conditions of fuel cycling to the optimal ones by influencing on technological process, resulting in the change of factors, determining the fuel cycling efficiency during electric power generation and refueling in considered cycle

Spatiotemporal Dynamics of Beijing’s Urbanization Efficiency from 2005 to 2014

Directory of Open Access Journals (Sweden)

Wei Qi

2017-11-01

Full Text Available In the context of Beijing’s accelerated economic growth, a high urbanization rate and associated urban problems pose challenges. We collected panel data for the period 2005–2014 to examine the relationship between Beijing’s urbanization efficiency and economic growth rate as well as its spatial patterns of dynamic and static urbanization efficiency. Specifically, we developed a comprehensive index system for assessing Beijing’s economic growth rate and urbanization efficiency at the district (county level. Economic level was selected as an indicator of the economic growth rate. Economic urbanization and consumption levels were selected as indicators of urbanization efficiency. We applied a sequential Malmquist total factor productivity index to estimate the dynamic urbanization efficiency and economic growth rate at the district/country level from 2005 to 2014. We measured Beijing’s static urbanization efficiency in 2014 using a data envelopment analysis model and assessed its spatiotemporal dynamics and urbanization efficiency pattern using a Getis–Ord General Gi index. The results indicated an overall average increase of 1.07% in the total factor urbanization efficiency (TFUE, with an average value of 0.91, while the total factor economic growth rate (TFEE remained stable at an average value of 0.979. The low TFUE level evidently continues to significantly constrain TFEE. Both TFUE and TFEE levels in the Capital Function Core (CFC area were significant, exhibiting high inputs and outputs, while these levels in the Urban Function Development (UFD, City Development Zone (CDZ, and Ecological Conservation Development (ECD areas were below 1 for most periods, strongly indicating inefficient factor allocation. In view of this spatial pattern, TFUE’s regional spatial distribution appears remarkable, showing a decreasing trend from north to south in Beijing, excluding CFC areas. During the period 2005–2014, the CFC area and

Quality control of the documentation process in electronic economic activities

Directory of Open Access Journals (Sweden)

Krutova A.S.

2017-06-01

Full Text Available It is proved that the main tool that will provide adequate information resources e economic activities of social and economic relations are documenting quality control processes as the basis of global information space. Directions problems as formation evaluation information resources in the process of documentation, namely development tools assess the efficiency of the system components – qualitative assessment; development of mathematical modeling tools – quantitative evaluation. A qualitative assessment of electronic documentation of economic activity through exercise performance, efficiency of communication; document management efficiency; effectiveness of flow control operations; relationship management effectiveness. The concept of quality control process documents electronically economic activity to components which include: the level of workflow; forms adequacy of information; consumer quality documents; quality attributes; type of income data; condition monitoring systems; organizational level process documentation; attributes of quality, performance quality consumer; type of management system; type of income data; condition monitoring systems. Grounded components of the control system electronic document subjects of economic activity. Detected components IT-audit management system economic activity: compliance audit; audit of internal control; detailed multilevel analysis; corporate risk assessment methodology. The stages and methods of processing electronic transactions economic activity during condition monitoring of electronic economic activity.

Economic and environmental efficiency of district heating plants

DEFF Research Database (Denmark)

Agrell, Per J.; Bogetoft, Peter

2005-01-01

heat, have arbitrary valuation.This study concerns the most developed European district heating and cogeneration system, the Danish.By assessing environmental and economic ef¿ciency, the impact of governmental, market and managerial imperfections are estimated.The principal methodological base......District heating, the conversion of primary energy into distributed thermal energy and possible electric energy, is a challenge to regulate.In addition to the ever present asymmetric information in any suf¿ciently complex activity, some of the inputs for district heating, such as excess process...

Undergraduate Economics Journals: Learning by Doing

Science.gov (United States)

Leekley, Robert M.; Davis-Kahl, Stephanie; Seeborg, Michael C.

2013-01-01

Although there are currently only a few undergraduate journals in economics, we expect their numbers to increase substantially in the future because of several developments: (1) research and writing activity is increasing in economics programs, (2) online publication is now more feasible and cost efficient than ever, and (3) students are…

A BEHAVIORAL FINANCE PERSPECTIVE OF THE EFFICIENT MARKET HYPOTHESIS

OpenAIRE

Camelia Oprean

2012-01-01

Nowadays, a central theme in the finance and economic theory is market efficiency. After several decades of research, economists have not yet reached a consensus about the existence of efficient financial markets in terms of information. In the problematized approaches regarding the treated subject, one can find the inquiries on the validity of assumptions underlying the informational efficiency theory of the financial market. The emerging discipline of behavioral economics and finance has ch...

Investing in Early Human Development: Timing and Economic Efficiency

Science.gov (United States)

Doyle, Orla; Harmon, Colm P.; Heckman, James J.; Tremblay, Richard E.

2010-01-01

Policy discussions to ameliorate socioeconomic (SES) inequalities are increasingly focused on investments in early childhood. Yet such interventions are costly to implement, and clear evidence on the optimal time to intervene to yield a high economic and social return in the future is meagre. The majority of successful early childhood interventions start in the preschool years. However socioeconomic gradients in cognitive skills, socio-emotional functioning and health can be observed by age three, suggesting that preventative programmes starting earlier in childhood may be even more effective. We discuss the optimal timing of early childhood intervention with reference to recent research in developmental neuroscience. We motivate the need for early intervention by providing an overview of the impact of adverse risk factors during the antenatal and early childhood periods on outcomes later in life. We provide a brief review of the economic rationale for investing early in life and propose the “antenatal investment hypothesis”. We conclude by discussing a suite of new European interventions that will inform this optimal timing debate. PMID:19213617

ECO-EFFICIENCY INDICATORS’ EVOLUTION IN ROMANIA

Directory of Open Access Journals (Sweden)

Camelia CAMASOIU

2005-06-01

Full Text Available Due to the importance of improving the environmental performance and of integrating the environmental protection policies in long-term strategies, the practical interest has increased for identifying, selecting and building the most expressive eco-efficiency indicators. The paper analyses the basic performance indicators for environment at micro-economic level, which might show progress on the sustainable development road. The study of the eco-efficiency was developed based on a financing pilot study of urban infrastructure investments in Calarasi county for a municipal association. The main objective was to improve gas and sewerage systems for four localities (Calarasi, Oltenita, Lehliu Gara and Budesti under the conditions of improving the economic and ecological efficiency of the proposed project.

Energy consumption and economic growth. Assessing the evidence from Greece

International Nuclear Information System (INIS)

Hondroyiannis, George; Lolos, Sarantis; Papapetrou, Evangelia

2002-01-01

This paper attempts to shed light into the empirical relationship between energy consumption and economic growth, for Greece (1960-1996) employing the vector error-correction model estimation. The vector specification includes energy consumption, real GDP and price developments, the latter taken to represent a measure of economic efficiency. The empirical evidence suggests that there is a long-run relationship between the three variables, supporting the endogeneity of energy consumption and real output. These findings have important policy implications, since the adoption of suitable structural policies aiming at improving economic efficiency can induce energy conservation without impeding economic growth

Economic instruments for waste management

International Nuclear Information System (INIS)

Malaman, R.

1991-01-01

Economic instruments for the implementation of environmental policies distinguish themselves from traditional tools (the 'command and control' type) for the reason that: they influence the costs and the benefits of the economic agents in question; they change the behaviour of the subjects in question in a way that they guarantee behaviour trends less harmful to the environment; they guarantee the assignment of adequate prices to the natural resources that traditionally don't have a price and therefore are consumed excessively by the economic subjects; normally they impose the transfer of economic resources to the disadvantage of the subjects responsible for the phenomena of pollution; certain objective pollution reduction data guarantee the minimization of the social costs of pollution abatement, that is, of the total costs on the economic system in general (economists define this characteristic as the 'static efficiency'); they guarantee what is called in economical jargon, the dynamic efficiency, i.e., in practice, they determine a continuous incentive for the reduction of the emission of the various pollutants and for the realization of the technological innovations that are able to control the pollution; they are more flexible than the instruments of direct regulation, because they leave the subjects a freedom of choice under different price conditions than in the past; they are flexible as well for the reason that the public operator can intervene rapidly to change the way of application

THE RELEVANCE OF ECONOMIC INFORMATION IN ANALYZING THE ECONOMIC PERFORMANCE

Directory of Open Access Journals (Sweden)

PATRUTA MIRCEA IOAN

2017-12-01

Full Text Available The performance analysis is based on an informational system, which provides financial information in various formatsand with various applicabilities.We intend to formulate a set of important caracteristics of financial information along with identifying a set of relevant financial rates and indicatorsused to appreciate the performance level of a company. Economic performance can be interpreted in different ways at each level of analysis. Generally, it refers to economic growth, increased productivity and profitability. The growth of labor productivity or increased production per worker is a measure of efficient use of resources in value creation.

Sustainability Efficiency Factor: Measuring Sustainability in Advanced Energy Systems through Exergy, Exergoeconomic, Life Cycle, and Economic Analyses

Science.gov (United States)

Boldon, Lauren

The Encyclopedia of Life Support Systems defines sustainability or industrial ecology as "the wise use of resources through critical attention to policy, social, economic, technological, and ecological management of natural and human engineered capital so as to promote innovations that assure a higher degree of human needs fulfilment, or life support, across all regions of the world, while at the same time ensuring intergenerational equity" (Encyclopedia of Life Support Systems 1998). Developing and integrating sustainable energy systems to meet growing energy demands is a daunting task. Although the technology to utilize renewable energies is well understood, there are limited locations which are ideally suited for renewable energy development. Even in areas with significant wind or solar availability, backup or redundant energy supplies are still required during periods of low renewable generation. This is precisely why it would be difficult to make the switch directly from fossil fuel to renewable energy generation. A transition period in which a base-load generation supports renewables is required, and nuclear energy suits this need well with its limited life cycle emissions and fuel price stability. Sustainability is achieved by balancing environmental, economic, and social considerations, such that energy is produced without detriment to future generations through loss of resources, harm to the environment, etcetera. In essence, the goal is to provide future generations with the same opportunities to produce energy that the current generation has. This research explores sustainability metrics as they apply to a small modular reactor (SMR)-hydrogen production plant coupled with wind energy and storage technologies to develop a new quantitative sustainability metric, the Sustainability Efficiency Factor (SEF), for comparison of energy systems. The SEF incorporates the three fundamental aspects of sustainability and provides SMR or nuclear hybrid energy system

Comparative economic efficiency, operating costs and fuel consumption rates of freight transport modes between the largest industrial cities and seaports in South Africa

Directory of Open Access Journals (Sweden)

W J (Wessel Pienaar

2013-09-01

Full Text Available The paper deals with aspects of efficiency within the five modes of freight transport, with special reference to the operating cost and fuel consumption rates between South Africa’s largest industrial cities and seaports. In particular, the paper deals with (a the opportunities that exist for the achievement of efficiency in freight transport; (b the subgroups of economies that can enhance efficiency attainment in the freight transport industry; (c prevailing cost structures, operating cost and fuel consumption rates within the five modes of freight transport; and (d the salient economic features of the freight transport market. The research approach and methodology combine (a a literature survey; (b empiric research, (c an analysis of the cost structures of freight transport operators from different modes of transport; and (d interviews conducted with specialists in the freight transport industry.

The economics of climate change and the change of climate in economics

International Nuclear Information System (INIS)

Marechal, Kevin

2007-01-01

Economics is an unavoidable decision-making tool in the field of climate policy. At the same time, traditional economics is being challenged both empirically and theoretically by scholars in different fields. Its non-neutrality in dealing with climate-related issues-which is illustrated by the controversy over the 'no-regret potential'-would thus call for an opening of economics to insights from other disciplines. Within that context, we show that an evolutionary-inspired line of thought coupled with a systemic and historical perspective of technological change provides a very insightful alternative to traditional economics. More particularly, it follows from that framework that the picture of the climate challenge ahead looks very different from what traditional economic analyses would suggest. For instance, the lock-in process makes it unlikely that traditional cost-efficient measures (such as carbon taxation or tradable emission rights) will be sufficient to bring about the required radical changes in the field of energy as they fail to address structural barriers highlighted in our approach

The role of the power/efficiency misconception in the rebound effect's size debate: Does efficiency actually lead to a power enhancement?

International Nuclear Information System (INIS)

Ruzzenenti, F.; Basosi, R.

2008-01-01

This paper addresses the question of whether the rebound effect's size is bigger or smaller than one. After a brief review of the related economic literature, a thermodynamic perspective tackles this topic by demonstrating that the dispute over the size of the rebound effect relies on a misconception of the thermodynamic nature of energy efficiency. The dichotomy, in fact, concerns the relationship between efficiency and power output rather than the scale of the economic side effects generated by energy efficiency mutations. Early intuitions of the dichotomy efficiency/power belong to the pioneering works of Stanley Jevons, in the field of economics, and Alfred Lotka in that of biology. Their findings are here approached using the basis of finite-time thermodynamics with a simple amendment, the addition of the time variable to the Carnot machinery. The model shows how a process of power maximization always leads to a sub-optimal efficiency level and additionally, that any efficiency improvement, in the context of low energy costs, will shift the power output of the machine instead of reducing energy consumption. A case study taken from the transport system is presented to elucidate this argument

Economic feasibility of a novel energy efficient middle vessel batch distillation to reduce energy use

International Nuclear Information System (INIS)

Babu, G. Uday Bhaskar; Aditya, R.; Jana, Amiya K.

2012-01-01

It has long been recognized that the highly irreversible operation of batch distillation involves more wastage of energy compared to continuous flow distillation. For boosting its energy efficiency, the middle vessel batch distillation (MVBD) column has been invented. In this paper, a rigorous model for an MVBD process for the separation of a ternary hydrocarbon system is developed to simulate its transient behavior. In order to obtain the products at their maximum achievable purities, we device the two operating policies for the representative configuration. This contribution introduces a heat pumping system in the MVBD aiming to further improve its energetic and economic potentials. This novel heat integration technique is operated with a variable speed compressor for pressurizing the overhead vapor before thermally coupling it with the reboiler liquid. Interestingly, along with the compression ratio (CR), the other two manipulated variables are the inflow rate of overhead vapor to the compressor and that of an external medium (here, steam) that provides makeup heat to the reboiler. The operation of this adaptive heat pump assisted column originally involves the simultaneous adaptation of two variables throughout the entire batch processing. The simulation results show that a cost savings predicted in the heat integrated MVBD scheme can be achieved along with a substantial reduction in energy consumption. -- Highlights: ► The two operating policies have been derived for middle vessel batch distillation operation. ► This contribution introduces an adaptive heat pumping system for the middle vessel column. ► The heat integrated column shows better energetic and economic potentials over its conventional counterpart.

Institutions, Equilibria and Efficiency

DEFF Research Database (Denmark)

Competition and efficiency is at the core of economic theory. This volume collects papers of leading scholars, which extend the conventional general equilibrium model in important ways. Efficiency and price regulation are studied when markets are incomplete and existence of equilibria in such set...... in OLG, learning in OLG and in games, optimal pricing of derivative securities, the impact of heterogeneity...

Logistics, Management and Efficiency

OpenAIRE

Mircea UDRESCU; Sandu CUTURELA

2014-01-01

The problem related to the efficiency of the management for organization is general being the concern off all managers. In the present essay we consider that the efficacy of the organization begins from the structural systemization of the organizational management into general management, management of logistics and management of production which demands a new managerial process, more competitive based on economic efficiency.

Economic potential of inertial fusion

International Nuclear Information System (INIS)

Nuckolls, J.H.

1984-04-01

Beyond the achievement of scientific feasibility, the key question for fusion energy is: does it have the economic potential to be significantly cheaper than fission and coal energy. If fusion has this high economic potential then there are compelling commercial and geopolitical incentives to accelerate the pace of the fusion program in the near term, and to install a global fusion energy system in the long term. Without this high economic potential, fusion's success depends on the failure of all alternatives, and there is no real incentive to accelerate the program. If my conjectures on the economic potential of inertial fusion are approximately correct, then inertial fusion energy's ultimate costs may be only half to two-thirds those of advanced fission and coal energy systems. Relative cost escalation is not assumed and could increase this advantage. Both magnetic and inertial approaches to fusion potentially have a two-fold economic advantage which derives from two fundamental properties: negligible fuel costs and high quality energy which makes possible more efficient generation of electricity. The wining approach to fusion may excel in three areas: electrical generating efficiency, minimum material costs, and adaptability to manufacture in automated factories. The winning approach must also rate highly in environmental potential, safety, availability factor, lifetime, small 0 and M costs, and no possibility of utility-disabling accidents

A rationale for reservoir management economics

International Nuclear Information System (INIS)

Hickman, T.S.

1995-01-01

Significant economic benefits can be derived from the application f reservoir management. The key elements in economical reservoir management are the efficient use of available resources and optimization of reservoir exploitation through a multidisciplined approach. This paper describes various aspects of and approaches to reservoir management and provides case histories that support the findings

Energy efficiency policies and measures

Energy Technology Data Exchange (ETDEWEB)

NONE

2002-07-01

This document makes a review of the energy efficiency and demand side management (DSM) policies and measures in European Union countries and Norway in 1999: institutional changes, measures and programmes, budget, taxation, existence of a national DSM programme, national budgets for DSM programmes, electricity pricing: energy/environment tax, national efficiency standards and regulation for new electrical appliances, implementation of Commission directives, efficiency requirements, labelling, fiscal and economic incentives. (J.S.)

Use and usefulness of sustainability economics

Energy Technology Data Exchange (ETDEWEB)

Bartelmus, Peter [Bergische Universitaet Wuppertal (Germany)

2010-09-15

Sustainable development is at the roots of sustainability economics. Baumgaertner and Quaas (2010) define sustainability economics as the combination of economic efficiency and justice in the distribution of nature's services. Van den Bergh (in press) criticizes their approach as 'axiomatic' and incomplete, lacking a discussion of environmental externalities and dogmas like the 'GDP dogma'. The focus on non-measurable welfare or happiness in both articles impairs the use and usefulness of their sustainability notions for applied economics and policy. Alternatively, environmentally modified national accounts offer a quantifiable sustainability concept of produced and natural capital maintenance. For practical reasons, sustainability economics should therefore deal with sustainable economic performance and growth. Coordination with other social goals has to be left to politics. (author)

Productivity benefits of industrial energy efficiency measures

Energy Technology Data Exchange (ETDEWEB)

Worrell, Ernst; Laitner, John A.; Michael, Ruth; Finman, Hodayah

2004-08-30

We review the relationship between energy efficiency improvement measures and productivity in industry. We review over 70 industrial case studies from widely available published databases, followed by an analysis of the representation of productivity benefits in energy modeling. We propose a method to include productivity benefits in the economic assessment of the potential for energy efficiency improvement. The case-study review suggests that energy efficiency investments can provide a significant boost to overall productivity within industry. If this relationship holds, the description of energy-efficient technologies as opportunities for larger productivity improvements has significant implications for conventional economic assessments. The paper explores the implications this change in perspective on the evaluation of energy-efficient technologies for a study of the iron and steel industry in the US. This examination shows that including productivity benefits explicitly in the modeling parameters would double the cost-effective potential for energy efficiency improvement, compared to an analysis excluding those benefits. We provide suggestions for future research in this important area.

NEW INSTITUTIONAL ECONOMICS FRAMEWORK FOR ASSESSING AND IMPROVING AGRARIAN ORGANIZATIONS

Directory of Open Access Journals (Sweden)

H. Bachev

2013-08-01

Full Text Available We incorporate interdisciplinary New Institutional and Transaction Costs Economics and suggest a framework for assessing efficiency of farms and agrarian organizations. Our new approach includes: study of farm and agrarian organizations as governing rather than production structure; assessment of comparative efficiency of alternative market, contract, internal, and hybrid modes of governance; analysis of level of transaction costs and their institutional, behavioral, dimensional, technological and natural factors; determination of criteria of farm efficiency and its effective boundaries; specification of economic role of government and needs for public interventions in agrarian sector; assessment of comparative efficiency of alternative forms of public involvement.

Accounting for Peace and Economic Development in Nigeria, the ...

African Journals Online (AJOL)

Accounting for Peace and Economic Development in Nigeria, the Niger-Delta Case. ... roads, efficient communication systems, portable water, employment opportunities, ... Keywords: Accounting for peace; cost of peace keeping; Economic ...

Introduction to health economics and decision-making: Is economics relevant for the frontline clinician?

Science.gov (United States)

Goeree, Ron; Diaby, Vakaramoko

2013-12-01

In a climate of escalating demands for new health care services and significant constraints on new resources, the disciplines of health economics and health technology assessment (HTA) have increasingly been turned to as explicit evidence-based frameworks to help make tough health care access and reimbursement decisions. Health economics is the discipline of economics concerned with the efficient allocation of health care resources, essentially trying to maximize health benefits to society contingent upon available resources. HTA is a broader field drawing upon several disciplines, but which relies heavily upon the tools of health economics and economic evaluation. Traditionally, health economics and economic evaluation have been widely used at the political (macro) and local (meso) decision-making levels, and have progressively had an important role even at informing individual clinical decisions (micro level). The aim of this paper is to introduce readers to health economics and discuss its relevance to frontline clinicians. Particularly, the content of the paper will facilitate clinicians' understanding of the link between economics and their medical practice, and how clinical decision-making reflects on health care resource allocation. Copyright © 2013 Elsevier Ltd. All rights reserved.

Retail payments and economic growth

OpenAIRE

Hasan, Iftekhar; De Renzis, Tania; Schmiedel , Heiko

2012-01-01

This paper examines the fundamental relationship between retail payments and overall economic growth. Using data from across 27 European markets over the period 1995–2009, the results confirm that migration to efficient electronic retail payments stimulates overall economic growth, consumption and trade. Among different payment instruments, this relationship is strongest for card payments, followed by credit transfers and direct debits. Cheque payments are found to have a relatively low macro...

Central Banks' Involvement in Encouraging Economic Education and Literacy

Directory of Open Access Journals (Sweden)

Marius Constantin APOSTOAIE

2010-12-01

Full Text Available Currently, economic education plays a vital role in the future health of world economy and enables citizens to efficiently participate in the society in which they live. The economic literacy of citizens is not only the problem of state authorities, but it is also a common challenge and responsibility for many public institutions and non-profit organizations. Key players among these institutions are central banks that invest significant resources in educating the public to achieve economic efficiency, a good conduct of monetary policy and welfare. The aim of the paper is to emphasize the involvement of more-and-more central banks in fostering economic education and literacy, not before clarifying some key concepts and highlighting the importance of the subject in our society.

Quantitative analysis of forest fire extinction efficiency

Directory of Open Access Journals (Sweden)

Miguel E. Castillo-Soto

2015-08-01

Full Text Available Aim of study: Evaluate the economic extinction efficiency of forest fires, based on the study of fire combat undertaken by aerial and terrestrial means. Area of study, materials and methods: Approximately 112,000 hectares in Chile. Records of 5,876 forest fires that occurred between 1998 and 2009 were analyzed. The area further provides a validation sector for results, by incorporating databases for the years 2010 and 2012. The criteria used for measuring extinction efficiency were economic value of forestry resources, Contraction Factor analysis and definition of the extinction costs function. Main results: It is possible to establish a relationship between burnt area, extinction costs and economic losses. The method proposed may be used and adapted to other fire situations, requiring unit costs for aerial and terrestrial operations, economic value of the property to be protected and speed attributes of fire spread in free advance. Research highlights: The determination of extinction efficiency in containment works of forest fires and potential projection of losses, different types of plant fuel and local conditions favoring the spread of fire broaden the admissible ranges of a, φ and Ce considerably.

Economic viability, applications and limits of efficient permanent magnet motors - Summary and update; Wirtschaftlichkeit, Anwendungen und Grenzen von effizienten Permanent-Magnet-Motoren - Zusammenfassung und Update - Schlussbericht

Energy Technology Data Exchange (ETDEWEB)

Lindegger, M. [Circle Motor AG, Guemligen (Switzerland); Biner, H.-P.; Evequoz, B. [Hochschule Westschweiz, Delemont (Switzerland); Salathe, D. [Hochschule Luzern Technik und Architektur, Horw (Switzerland)

2009-06-15

This final report for the Swiss Federal Office of Energy (SFOE), takes a look at the economic viability, applications and limits of efficient permanent magnet motors. Permanent magnet motors are compared with standard IEC asynchronous motors. In a theoretical part of the report, it is discussed how the increasing size of the motor influences efficiency, weight, volume and power. The results of practical tests carried out on six motors are presented. Three standard motors with varying efficiency were compared with three permanent-magnet motors for the power range around 3 kW. Market-oriented considerations concerning permanent-magnet motors are discussed. Operational criteria for the choice of the type of motor to be used are also examined.

Final Technical Report on Development of an Economic and Efficient Biodiesel production Process (NC)

Energy Technology Data Exchange (ETDEWEB)

Tirla, Cornelia [Univ. of North Carolina, Pembroke, NC (United States); Dooling, Thomas A. [Univ. of North Carolina, Pembroke, NC (United States); Smith, Rachel B. [Univ. of North Carolina, Pembroke, NC (United States); Shi, Xinyan [Univ. of North Carolina, Pembroke, NC (United States); Shahbazi, Abolghasem [North Carolina Agricultural and Technical State Univ., Greensboro, NC (United States)

2014-03-19

The Biofuels Team at The University of North Carolina at Pembroke and North Carolina A&T State University carried out a joint research project aimed at developing an efficient process to produce biodiesel. In this project, the team developed and tested various types of homogeneous and heterogeneous catalysts which could replace the conventionally used soluble potassium hydroxide catalyst which, traditionally, must be separated and disposed of at the end of the process. As a result of this screening, the homogeneous catalyst choline hydroxide was identified as a potential replacement for the traditional catalyst used in this process, potassium hydroxide, due to its decreased corrosiveness and toxicity. A large number of heterogeneous catalysts were produced and tested in order to determine the scaffold, ion type and ion concentration which would produce optimum yield of biodiesel. The catalyst with 12% calcium on Zeolite β was identified as being highly effective and optimal reaction conditions were identified. Furthermore, a packed bed reactor utilizing this type of catalyst was designed, constructed and tested in order to further optimize the process. An economic analysis of the viability of the project showed that the cost of an independent farmer to produce the fuelstock required to produce biodiesel exceeds the cost of petroleum diesel under current conditions and that therefore without incentives, farmers would not be able to benefit economically from producing their own fuel. An educational website on biodiesel production and analysis was produced and a laboratory experiment demonstrating the production of biodiesel was developed and implemented into the Organic Chemistry II laboratory curriculum at UNCP. Five workshops for local farmers and agricultural agents were held in order to inform the broader community about the various fuelstock available, their cultivation and the process and advantages of biodiesel use and production. This project fits both

Quantifying the impact of exogenous non-economic factors on UK transport oil demand

International Nuclear Information System (INIS)

Broadstock, David C.; Hunt, Lester C.

2010-01-01

This paper attempts to quantify the impact of exogenous non-economic factors on UK transport oil demand (in addition to income, price, and fuel efficiency) by estimating the demand relationship for oil transport for 1960-2007 using the structural time series model. From this, the relative impact on UK transport oil demand from income, price, and efficiency are quantified. Moreover, the relative impact of the non-economic factors is also quantified, based on the premise that the estimated stochastic trend represents behavioural responses to changes in socio-economic factors and changes in lifestyles and attitudes. The estimated elasticities for income, price and efficiency are 0.6, -0.1, and -0.3, respectively, and it is shown that for efficiency and price the overall contribution is relatively small, whereas the contribution from income and non-economic factors is relatively large. This has important implications for policy makers keen to reduce transport oil consumption and associated emissions, but not willing to reduce the trend rate of economic growth. Taxes and improved efficiency only have a limited impact; hence, a major thrust of policy should perhaps be on educating and informing consumers to persuade them to change their lifestyle and attitudes and thus reduce their consumption through the non-economic instruments route.

Quantifying the impact of exogenous non-economic factors on UK transport oil demand

Energy Technology Data Exchange (ETDEWEB)

Broadstock, David C.; Hunt, Lester C. [Surrey Energy Economics Centre (SEEC) and Research Group on Lifestyles Values and Environment (RESOLVE), Department of Economics, University of Surrey, Guildford, Surrey GU2 7XH (United Kingdom)

2010-03-15

This paper attempts to quantify the impact of exogenous non-economic factors on UK transport oil demand (in addition to income, price, and fuel efficiency) by estimating the demand relationship for oil transport for 1960-2007 using the structural time series model. From this, the relative impact on UK transport oil demand from income, price, and efficiency are quantified. Moreover, the relative impact of the non-economic factors is also quantified, based on the premise that the estimated stochastic trend represents behavioural responses to changes in socio-economic factors and changes in lifestyles and attitudes. The estimated elasticities for income, price and efficiency are 0.6, -0.1, and -0.3, respectively, and it is shown that for efficiency and price the overall contribution is relatively small, whereas the contribution from income and non-economic factors is relatively large. This has important implications for policy makers keen to reduce transport oil consumption and associated emissions, but not willing to reduce the trend rate of economic growth. Taxes and improved efficiency only have a limited impact; hence, a major thrust of policy should perhaps be on educating and informing consumers to persuade them to change their lifestyle and attitudes and thus reduce their consumption through the non-economic instruments route. (author)

ENTREPRENEURSHIP AS STRATEGIC RESOURSE: ECONOMIC ESSENCE, MANAGEMENT PROCESSES

Directory of Open Access Journals (Sweden)

P. D. Polovinkin

2012-01-01

Full Text Available At current society development stage, efficient use of entrepreneurship provides for stable production and high living standards. Entrepreneurship is a specific type of economic activities, entrepreneur is a special subject of management. Entrepreneurship’s objective prerequisites and possibilities to get efficiently adapted to postindustrial economic conditions lay in its very essence. Personal and professional qualities of a successful entrepreneur make him effective both as capital owner and manager. The state must create favorable conditions for Russian entrepreneurship.

Modelling management process of key drivers for economic sustainability in the modern conditions of economic development

Directory of Open Access Journals (Sweden)

Pishchulina E.S.

2017-01-01

Full Text Available The text is about issues concerning the management of driver for manufacturing enterprise economic sustainability and manufacturing enterprise sustainability assessment as the key aspect of the management of enterprise economic sustainability. The given issues become topical as new requirements for the methods of manufacturing enterprise management in the modern conditions of market economy occur. An economic sustainability model that is considered in the article is an integration of enterprise economic growth, economic balance of external and internal environment and economic sustainability. The method of assessment of economic sustainability of a manufacturing enterprise proposed in the study allows to reveal some weaknesses in the enterprise performance, and untapped reserves, which can be further used to improve the economic sustainability and efficiency of the enterprise. The management of manufacturing enterprise economic sustainability is one of the most important factors of business functioning and development in modern market economy. The relevance of this trend is increasing in accordance with the objective requirements of the growing volumes of production and sale, the increasing complexity of economic relations, changing external environment of an enterprise.

Economic potentials of CHP connected to district heat systems in Germany. Implementation of the EU Efficiency Directive; Wirtschaftliche Potenziale der waermeleitungsgebundenen Siedlungs-KWK in Deutschland. Umsetzung der EU-Energieeffizienzrichtlinie

Energy Technology Data Exchange (ETDEWEB)

Eikmeier, Bernd [Fraunhofer-Institut fuer Fertigungstechnik und Angewandte Materialforschung IFAM, Bremen (Germany). Organisationseinheit Systemanalyse; Bremen Univ. (Germany)

2015-07-01

The EU Efficiency Directive (2012/27/EU) is requiring all member states to carry out an evaluation of the potential for highly efficient CHP and the efficient use of district heating and cooling by December 2015. The German Federal Ministry of Economic Affairs and Energy appointed this task to the Fraunhofer Institute for Manufacturing and Advanced Materials, division for Energy Systems Analysis (formerly Bremer Energie Institut) in conjunction with other partners. The results for the sector district- and communal heating with CHP, sub-sectors private households, trade and services industry, are presented in this article.

Energy production, distribution, and pollution controls: Combining engineering and economic analysis to enhance efficiency and policy design

Science.gov (United States)

Perkis, David F.

Three published articles are presented which focus on enhancing various aspects of the energy supply chain. While each paper adopts a different methodology, all three combine engineering data and/or techniques with economic analysis to improve efficiency or policy design within energy markets. The first paper combines a chemical engineering plant design model with an economic assessment of product enhancements within an ethanol production facility. While a new chemical process is shown to achieve greater ethanol yields, the animal feed by-products are denatured and decrease in value due to the degradation of a key nutritional amino acid. Overall, yield increases outweigh any costs, providing additional value to firms adopting this process. The second paper uses a mixed integer linear model to assess the optimal location of cellulosic ethanol production facilities within the state of Indiana. Desired locations with low costs are linked to regions with high yield corn growth, as these areas provide an abundance of corn stover, a by-product of corn and a cellulosic source of ethanol. The third paper implements experimental economic methods to assess the effectiveness of policies intended to control prices in emissions permit markets. When utilizing reserve permit auctions as an alternative to setting explicit maximum prices, prices are elevated beyond the theoretical predictions of the model within the conditions of the experiment. The most likely cause of higher prices is the negotiating power provided to sellers by grandfathering permits as evidenced by higher than expected welfare gains to sellers. Before presenting the articles, a discussion is introduced regarding the role of assumptions used by economists. For each article, a key assumption is highlighted and the consequences of making a different assumption are provided. Whether the consequences are large or small, the benefits of elucidating our models with assumptions based on real world behaviors are clearly

Employment and Economic Insecurity: A Commonsian Perspective

Directory of Open Access Journals (Sweden)

Sylvie Morel

2010-01-01

Full Text Available The principal concern of this paper is with the need of a theoretical shift in economics for analyzing and devising efficient and innovative policy reforms to combat employment insecurity. Mainstream economics is unable to provide appropriate theorizing about economic phenomena, including economic insecurity. Thus, we must turn to economic theories which radically question the dominant paradigm in economics. John Rogers Commons's institutionalist theory accomplishes that. First, the author of this paper outlines the distinctive character of this theory by presenting some of its crucial methodological differences with neoclassical economics. Second, she explains how economic insecurity is conceptualized as an "instituted" process with this theory of institution. A better mastery of this specific school of thought in economics appears to escape the problems met by mainstream economics by proposing a real theoretical alternative for the development of a truly evolutionary, trans-disciplinary and ethical economic theory.

Employment and Economic Insecurity: A Commonsian Perspective

Directory of Open Access Journals (Sweden)

Sylvie Morel

2009-12-01

Full Text Available The principal concern of this paper is with the need of a theoretical shift in economics for analyzing and devising efficient and innovative policy reforms to combat employment insecurity. Mainstream economics is unable to provide appropriate theorizing about economic phenomena, including economic insecurity. Thus, we must turn to economic theories which radically question the dominant paradigm in economics. John Rogers Commons's institutionalist theory accomplishes that. First, the author of this paper outlines the distinctive character of this theory by presenting some of its crucial methodological differences with neoclassical economics. Second, she explains how economic insecurity is conceptualized as an "instituted" process with this theory of institution. A better mastery of this specific school of thought in economics appears to escape the problems met by mainstream economics by proposing a real theoretical alternative for the development of a truly evolutionary, trans-disciplinary and ethical economic theory.

Agrotóxicos: eficiência econômica e injustiça socioambiental Pesticides: economic efficiency and social and environmental injustice

Directory of Open Access Journals (Sweden)

Marcelo Motta Veiga

2007-03-01

Full Text Available Este estudo analisou a relação inversa entre eficiência econômica e justiça socioambiental na utilização de agrotóxicos. A utilização de agrotóxicos tenderia a maximizar a eficiência econômica através de ganhos de produtividade; no entanto, poderia agravar a injustiça socioambiental. Inferiu-se essa relação inversa, uma vez que a eficiência econômica pela utilização de agrotóxicos estaria associada a alguma injustiça socioambiental. Este estudo analisou, ainda, o impacto de instrumentos regulatórios no controle da utilização e do manejo de agrotóxicos. Uma legislação que reduza compulsoriamente a utilização de agrotóxicos poderia agravar diversos problemas socioeconômicos, especialmente em pequenas comunidades rurais. Concluiu-se que eventuais restrições na utilização de agrotóxicos em sistemas produtivos que dependam dessas matérias-primas para sustentar sua economia poderia ser bastante prejudicial. Quanto à necessidade de intervenção estatal para regular a utilização de agrotóxicos, este estudo concluiu que a questão não deveria ser sobre a necessidade ou não de legislação, mas sim como deve ser a forma dessa intervenção.This study analyzed the inverse relationship between economic efficiency and social and environmental justice in the use of pesticides. The use of pesticides tends to improve economic efficiency by increasing agricultural productivity, however, it can also increase social and environmental injustice. This inverse relationship was inferred since the economic efficiency gained with the use of pesticides is [usually] associated with some kind of social and environmental injustice. This study also analyzed the impact of regulatory measures to control the use and handling of pesticides. Strict pesticide regulations could jeopardize agricultural competitiveness, especially in some small rural communities; therefore, the cost-benefit results of pesticides regulations could be

Prognosis of medical and economic efficiency of a patient-oriented program implementation aimed at formation of adherenceto drug therapy among rural population

Directory of Open Access Journals (Sweden)

E A Kitaeva

2018-02-01

Full Text Available Aim. Development and implementation of novel organizational management technologies of medical care aimed at formation of adherence to drug therapy in patients from rural areas and calculation of medical and economic efficiency of implementation of this project. Methods. The study subject was the population of Rybnaya Sloboda district of the Republic of Tatarstan. Patient recruitment into the groups was conducted in the polyclinic of Rybnaya Sloboda central regional hospital. The duration of the study was 6 months for each of two groups with further follow-up and evaluation of adherence to therapy for 2 months. Results. Annually stroke affects 5.6 to 6.6 million of people around the world, 35% of whom die in the acute period. Recently, serious rejuvenation of cardiovascular disorders has been observed. The main reason for such trend is low patients’ compliance to drug therapy. And patients’ compliance itself allows significantly decreasing the risk of cardiovascular complications. The article discussed the issues of low compliance to drug therapy, presents the methods of its formation in patients from rural area. The examples of foreign and Russian experience of increasing patients’ compliance to drug therapy are described and the key intervention points for patients are determined. On the basis of conducted analysis, implementation was developed and suggested for patient-oriented program aimed at formation of adherence to drug therapy of rural population. Also, the authors performed evaluation of medical and economic efficiency of implementation of a patient-oriented program aimed at formation of adherence to drug therapy of rural population (assessment of expenditures for medications, hospital stay, incapacity related to the main disease; evaluation of expenditures for prevention of complications and disability. Conclusion. Effective organization of prophylactic activity is of great importance for prevention of cardiovascular disease

Resource potential methods using for efficiency of activities in the region increase

Directory of Open Access Journals (Sweden)

M. P. Vasiliev

2016-01-01

Full Text Available The article considers impact methods on the economic results, the effectiveness of the regional economic complex should be based on a high quality of the basic characteristics classification of the region state. Application composition techniques to ensure a comprehensive impact on the achievement of this goal should in synthesized form to union, adopt a target orientation of development of the region with the parameters objectively revealing his condition. Ensuring organizational, economic, financial and investment techniques to achieve the planned targets and requires specifying align resource potential of the region with the available capacity of the regional economic complex to promote economic growth, improve the efficiency of operations. The main characteristics of the potential resource opportunities in the region are the skill level of workers, the degree of depreciation of fixed assets and their renewability, increased innovation in the region, its branches and facilities, strengthening of competitive advantages, the annual average number of employees, the cost of fixed and current assets, financial stability. In the region the opportunity to potentially affect the ability of its structural components to achieve the financial and economic performance targets acts as efficiency ability to provide stable dynamics of regional production efficiency, enhance the level of benefits to achieve the planned efficiency used (consumed resource. Applying of certain methods or their entire structure, created to provide a comprehensive impact on the goal achievement, in the synthesized form of target orientation combines regional development with the parameters most objectively revealing his condition. Achieving the appropriate organizational, economic, financial, investment or other measures to achieve planned targets that are expressed by the level of efficiency of activity in the conditions of the most complete involvement and intensity of use in

Energy efficiency : an economic stimulator; Efficacite energetique : un moteur economique vert

Energy Technology Data Exchange (ETDEWEB)

Contant, A.

2009-04-01

In an effort to meet Quebec's energy requirements projected for 2015, Hydro-Quebec along with its partners and clients will invest $3 billion in energy efficiency. Quebec's Energy Efficiency Agency, Canada's Office of Energy Efficiency and the Federation of Canadian Municipalities (FCM) green municipal fund have all contributed to energy efficiency projects to stimulate the economy. These measures are expected to create nearly 4000 jobs in Quebec for electricians, heating contractors, plumbers and building professionals. This investment will also benefit the suppliers and distributors of electrical materials as well as the forestry industry, cement manufacturers, and specialized engineers. Since the benefits of energy efficiency upgrades are already well established, projects can get underway without further studies. The proposed energy efficiency projects can be applied anywhere in the province of Quebec and are not intended for any specific region. To name a few, the projects have included energy upgrades in an arena in Riviere du Loup, the Montreal Health Institute's head office building, and traffic light upgrades in Levis, Quebec. The article noted that energy efficiency upgrades made in the office buildings of Alcan, IBM, Molson and Bombardier have all resulted in at least a 5 per cent reduction in electricity use. All these changes have been good for the environment, even though Quebec's electricity is generated almost entirely from renewable energy sources. 6 figs.

Enhancing the functional and economical efficiency of a novel combined thermo chemical disperser disintegration of waste activated sludge for biogas production.

Science.gov (United States)

Kavitha, S; Jayashree, C; Adish Kumar, S; Kaliappan, S; Rajesh Banu, J

2014-12-01

In this investigation, an effort was made to pretreat surplus waste activated sludge (WAS) inexpensively by a novel combined process involving thermo chemical disperser pretreatment. This pretreatment was found to be efficient at a specific energy (SE) consumption of 3360.94 kJ/kg TS, with the chemical oxygen demand (COD) solubilization of 20%. This was comparatively higher than thermo chemically treated sludge where the solubilization was found to be 15.5% at a specific energy consumption of 10,330 kJ/kg TS respectively. Higher production of volatile fatty acids (VFA) (675 mg/L) in anaerobic fermentation of pretreated WAS indicates better hydrolysis performance. The biogas production potential of sludge pretreated through this combined technique was found to be 0.455 (L/gVS) and comparatively higher than thermo chemically pretreated sludge. Economic investigation provides 90% net energy savings in this combined pretreatment. Therefore, this combined process was considered to be potentially effective and economical in sludge disintegration. Copyright © 2014 Elsevier Ltd. All rights reserved.

Prioritizing health services research: an economic perspective.

Science.gov (United States)

Gandjour, Afschin

2016-05-01

Given limited resources policymakers need to decide about how much and in what areas of health services research (HSR) to invest. The purpose of this study is to provide guidance for priority setting of HSR projects based on economic theory. The conceptual analysis starts from the premise that competition in health care is valuable-a position that seems to predominate among Western policymakers. The principle of competition rests on economic theory and, in particular, its branch of welfare economics. Based on economic theory, the role of HSR is to detect and alleviate information asymmetry, negative externalities, and harm caused by competition and inappropriate incentives for competition. A hierarchy of HSR projects is provided; following the ethical principle of harm ('do not harm'), the detection and prevention of harm would receive highest priority among HSR projects. Agreeing that competition is valuable in achieving efficiency and quality of care (and therefore agreeing to the assumptions of economic theory) implies accepting the role of HSR in detecting market failure and the HSR hierarchy as suggested. Disagreement would require an alternative coherent concept of improving efficiency and quality of care.

Energy-efficient buildings are environmentally friendly, architecturally attractive and economically compelling

International Nuclear Information System (INIS)

Wafa, Latifa Mohamed

2006-01-01

Standard building construction is wasteful, toxic, and is destroying the environment. It produced buildings that operate independently of its natural surrounding and depended heavily on mechanical systems that run with fossil fuel to create comfortable indoor environment. These buildings caused a wide range of health and environmental problems. The concern about the consequences of standard building construction have prompted countless experiments and design improvements to make built environment more energy efficient, less reliant on potentially limited fossil fuels and more reliant on renewable energy resources. The application of energy efficient technologies can make significant contribution to meeting the building and construction sector's energy demand, while at the same time providing better built environment, offering more comfortable living and working conditions for the users, cleaner and healthier in-outdoor environment, and cost no more to build. The proposes of the paper are to: 1-Promote the implementation of Energy-Efficient buildings through vigorous efforts, by engaging government agencies, design professions, engineers, and construction industry in the task of radically improving the performance of our buildings, neighborhoods, and cities. 2-Educate the general public (the consumers) that Energy-Efficient Building is good for their well-being, to their pocket and to the environment.3-Demonstrate that Energy-efficient Building are with highest standards of architecture design, the highest quality living and working environment and within a reasonable budget. The paper describes the technological options available for dealing sensibly with energy and focuses on the important areas of new building constructions and building refurbishment together with its specific energy requirements. The approach presented in this paper is just one of many methods of planning energy efficient buildings.This paper is part of the effort to promote Energy-efficient

A Preliminary Investigation of Wastewater Treatment Efficiency and Economic Cost of Subsurface Flow Oyster-Shell-Bedded Constructed Wetland Systems

Directory of Open Access Journals (Sweden)

Chia-Chuan Hsu

2013-06-01

Full Text Available We conducted a preliminary investigation of wastewater treatment efficiency and economic cost of the oyster-shell-bedded constructed wetlands (CWs compared to the conventional gravel-bedded CW based on field monitoring data of water quality and numerical modeling. Four study subsurface (SSF CWs were built to receive wastewater from Taipei, Taiwan. Among these sites, two are vertical wetlands, filled with bagged- (VA and scattered- (VB oyster shells, and the other two horizontal wetlands were filled with scattered-oyster shells (HA and gravels (HB. The BOD, NO3−, DO and SS treatment efficiency of VA and VB were higher than HA and HB. However, VA was determined as the best option of CW design due to its highest cost-effectiveness in term of BOD removal (only 6.56 US$/kg as compared to VB, HA and HB (10.88–25.01 US$/kg. The results confirmed that oyster shells were an effective adsorption medium in CWs. Hydraulic design and arrangement of oyster shells could be important in determining their treatment efficiency and cost-effectiveness. A dynamic model was developed to simulate substance transmissions in different treatment processes in the CWS using AQUASIM 2.1 based on the water quality data. Feasible ranges of biomedical parameters involved were determined for characterizing the importance of different biochemical treatment processes in SSF CWs. Future work will involve extending the experimental period to confirm the treatment efficiency of the oyster-shell-bedded CW systems in long-term operation and provide more field data for the simulated model instead of the literature values.

The role of the power/efficiency misconception in the rebound effect's size debate: Does efficiency actually lead to a power enhancement?

Energy Technology Data Exchange (ETDEWEB)

Ruzzenenti, F. [Center for Complex System Investigations, University of Siena (Italy); Basosi, R. [Center for Complex System Investigations, University of Siena (Italy); Department of Chemistry, University of Siena (Italy)

2008-09-15

This paper addresses the question of whether the rebound effect's size is bigger or smaller than one. After a brief review of the related economic literature, a thermodynamic perspective tackles this topic by demonstrating that the dispute over the size of the rebound effect relies on a misconception of the thermodynamic nature of energy efficiency. The dichotomy, in fact, concerns the relationship between efficiency and power output rather than the scale of the economic side effects generated by energy efficiency mutations. Early intuitions of the dichotomy efficiency/power belong to the pioneering works of Stanley Jevons, in the field of economics, and Alfred Lotka in that of biology. Their findings are here approached using the basis of finite-time thermodynamics with a simple amendment, the addition of the time variable to the Carnot machinery. The model shows how a process of power maximization always leads to a sub-optimal efficiency level and additionally, that any efficiency improvement, in the context of low energy costs, will shift the power output of the machine instead of reducing energy consumption. A case study taken from the transport system is presented to elucidate this argument. (author)

Supercritical water-cooled reactor fuel management and economic comparison and analysis

International Nuclear Information System (INIS)

Cai Guangming; Ruan Liangcheng; Liu Xuechun

2014-01-01

The supercritical water-cooled reactor (SCWR) is expected to have an excellent fuel economical efficiency because of its high thermal efficiency. This article compares CSR1OOO with the current mainstream PWR and ABWR on the aspect of the economical efficiency of fuel management, and finally makes an unexpected conclusion that the SCWR has worse fuel economy than others. And it remains to be deliberated whether the SCWR will be the fourth generation of nuclear system. (authors)

Economic Analysis of Biological Invasions in Forests

Science.gov (United States)

Tomas P. Holmes; Julian Aukema; Jeffrey Englin; Robert G. Haight; Kent Kovacs; Brian Leung

2014-01-01

Biological invasions of native forests by nonnative pests result from complex stochastic processes that are difficult to predict. Although economic optimization models describe efficient controls across the stages of an invasion, the ability to calibrate such models is constrained by lack of information on pest population dynamics and consequent economic damages. Here...

ECOWAS renewable energy and energy efficiency status report - 2014

International Nuclear Information System (INIS)

Auth, Katie; Musolino, Evan; Thomas, Tristram; Adebiyi, Adeola; Reiss, Karin; Semedo, Eder; Williamson, Laura E.; Chawla, Kanika; Diarra, Charles

2014-01-01

In recent years, the Economic Community of West African States (ECOWAS), comprising 15 Member States, it has emerged as one of the most active and dynamic regional economic communities on the African continent. Expanding access to modern, reliable, and affordable energy services is a key priority, prompting inter-state cooperation in crucial areas including capacity building, policy development and implementation, and investment. Recognising the critical role that sustainable energy plays in catalysing social, economic, and industrial development across the region, ECOWAS Member States formally inaugurated the ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE) in 2010 to 'contribute to the sustainable economic, social and environmental development of West Africa by improving access to modern, reliable and affordable energy services, energy security and reduction of energy related externalities'. Drawing on data from the ECOWAS Observatory for Renewable Energy and Energy Efficiency (ECOWREX) and a network of contributors and researchers across the region, the ECOWAS Renewable Energy and Energy Efficiency Status Report supports ECREEE's efforts to increase the deployment of renewable energy and energy efficiency in West Africa by providing a comprehensive regional review of renewable energy and energy efficiency developments, evolving policy landscapes, market trends and related activities, investments in renewable energy and off-grid energy solutions, and the crucial nexus between energy access and gender

Design of thermoelectrically highly efficient Heusler compounds using phase separations and nano-composites under an economic point of view

Science.gov (United States)

Balke, Benjamin

Half-Heusler (HH) compounds are one of the most promising candidates for thermoelectric materials for automotive and industrial waste heat recovery applications. In this talk, I will give an overview about our recent investigations of phase separations in HH thermoelectrics, focusing on the ternary system TiNiSn-ZrNiSn-HfNiSn. I will show how we adapted this knowledge to design a p-type HH compound which exhibits a ZT that is increased by 130% compared to the best published bulk p-type Heusler. I will also present how we used the phase separation to design thermoelectric highly efficient nano-composites of different single-phase materials. Since the price for Hafnium doubled within the last year, our research focused on the design of HH compounds without Hafnium. I will present a very recent calculation on ZT per Euro and efficiency per Euro for various materials followed by our latest very promising results for n-type Heusler compunds without Hafnium resulting in 20 times higher ZT/Euro values. These results strongly underline the importance of phase separations as a powerful tool for designing highly efficient materials for thermoelectric applications that fulfill the industrial demands for a thermoelectric converter. The author gratefully acknowledges financial support by the thermoHEUSLER2 Project (Project No. 19U15006F) of the German Federal Ministry of Economics and Technology (BMWi).

Economic consequences of reproductive performance in dairy cattle

NARCIS (Netherlands)

Inchaisri, C.; Jorritsma, R.; Vos, P.L.A.M.; Weijden, van der G.C.; Hogeveen, H.

2010-01-01

The net economic value of reproductive efficiency in dairy cattle was estimated using a stochastic dynamic simulation model. The objective was to compare the economic consequences of reproductive performance scenarios (“average” and “poor”) of a cow having a good reproductive performance and to

Determining the Players’ Efficiency in NBA: Some Economic and Managerial Results

OpenAIRE

Ensar Yesilyurt

2014-01-01

Player efficiency is estimated by using Data Envelopment Analysis (DEA) and data of 401 players in NBA at 2006 in this study. Three approaches are generally used when measuring the efficiency of basketball players. In the first, which is frequently used in the literature, a variety of payments and fees are used as inputs. The second is used by basketball associations that correspond closely to the theoretical definition of efficiency because it tries to measure players’ contribution to their ...

Coke oven gas to methanol process integrated with CO_2 recycle for high energy efficiency, economic benefits and low emissions

International Nuclear Information System (INIS)

Gong, Min-hui; Yi, Qun; Huang, Yi; Wu, Guo-sheng; Hao, Yan-hong; Feng, Jie; Li, Wen-ying

2017-01-01

Highlights: • CO_2 recycle assistance with COG to CH_3OH with dry reforming is proposed. • New process with dry reforming improves H_2 utilization and energy saving. • Process with H_2 separation (CWHS) is more preferable to CH_3OH output. • CWHS shows an excellent performance in energy, economy and CO_2 emission reduction. - Abstract: A process of CO_2 recycle to supply carbon for assisting with coke oven gas to methanol process is proposed to realize clean and efficient coke oven gas utilization. Two CO_2 recycle schemes with respect to coke oven gas, namely with and without H_2 separation before reforming, are developed. It is revealed that the process with H_2 separation is more beneficial to element and energy efficiency improvement, and it also presents a better techno-economic performance in comparison with the conventional coke oven gas to methanol process. The exergy efficiency, direct CO_2 emission, and internal rate of return of the process with H_2 separation are 73.9%, 0.69 t/t-methanol, and 35.1%, respectively. This excellent performance implies that reforming technology selection, H_2 utilization efficiency, and CO_2 recycle ways have important influences on the performance of the coke oven gas to methanol process. The findings of this study represent significant progress for future improvements of the coke oven gas to methanol process, especially CO_2 conversion integrated with coke oven gas utilization in the coking industry.

Economic theory and climate change policy

International Nuclear Information System (INIS)

Peters, I.; Ackerman, F.

1999-01-01

Our willingness to embrace climate change policies depends on our perception of their benefits and costs. Evaluation of these costs and benefits requires careful economic analysis. Yet the standard tools for such assessment - computable general equilibrium (CGE) models - are inadequate on several grounds. Their underlying theory suffers from well-known logical difficulties; in general, their equilibria may be neither unique, stable, nor efficient. Moreover, real-world phenomena such as increasing returns to scale, learning, and technological innovation are neglected in CGE models. These phenomena make the resulting equilibria in the models inefficient; in the real world they can lock society into sub-optimal technology choices. They introduce uncertainty and path-dependence, annihilating the concept of a single efficient allocation produced by the unfettered market. Yet conventional economics assesses the cost of policies solely on the basis of their departure from a purportedly efficient equilibrium - ignoring deeper structural changes that are often decisive in practice. New socioeconomic theories and models are emerging that allow for bounded rationality, the limiting and enabling character of institutions, technological change, and the complexities and uncertainties in economic evolution. Meanwhile, existing models should be modified to better reflect real-world phenomena and to abandon unfounded assumptions about the inherent ''inefficiencies'' of government intervention in the market. (author)

On the efficiency of the first price auction

Czech Academy of Sciences Publication Activity Database

Hernando-Veciana, Á.; Michelucci, Fabio

2017-01-01

Roč. 156, July (2017), s. 159-161 ISSN 0165-1765 Institutional support: Progres-Q24 Keywords : efficiency * first price auction * english auction Subject RIV: AH - Economics OBOR OECD: Economic Theory Impact factor: 0.558, year: 2016

Energy Efficiency Policy and Carbon Pricing

Energy Technology Data Exchange (ETDEWEB)

NONE

2011-07-01

The main message of this paper is that while carbon pricing is a prerequisite for least-cost carbon mitigation strategies, carbon pricing is not enough to overcome all the barriers to cost-effective energy efficiency actions. Energy efficiency policy should be designed carefully for each sector to ensure optimal outcomes for a combination of economic, social and climate change goals. This paper aims to examine the justification for specific energy efficiency policies in economies with carbon pricing in place. The paper begins with an inventory of existing market failures that attempt to explain the limited uptake of energy efficiency. These market failures are investigated to see which can be overcome by carbon pricing in two subsectors -- electricity use in residential appliances and heating energy use in buildings. This analysis finds that carbon pricing addresses energy efficiency market failures such as externalities and imperfect energy markets. However, several market and behavioural failures in the two subsectors are identified that appear not to be addressed by carbon pricing. These include: imperfect information; principal-agent problems; and behavioural failures. In this analysis, the policies that address these market failures are identified as complementary to carbon pricing and their level of interaction with carbon pricing policies is relatively positive. These policies should be implemented when they can improve energy efficiency effectively and efficiently (and achieve other national goals such as improving socio-economic efficiency).

Energy-Using Durables – Why Consumers Refrain from Economically Optimal Choices

Energy Technology Data Exchange (ETDEWEB)

Schubert, Renate, E-mail: schubert@econ.gess.ethz.ch; Stadelmann, Marcel [ETH Zürich, Zürich (Switzerland)

2015-02-23

Sustainable development requires increasing the energy efficiency, decreasing the growth rates of energy demand, and decreasing the CO{sub 2} emissions. In many countries, households’ energy consumption is responsible for a considerable share of total energy demand and CO{sub 2} emissions. Energy-using durables are essential in this context. Aiming at sustainability, private households should buy more energy-efficient durables and use them in a more efficient way. In principle, it might even be economically optimal to buy the more energy-efficient products, since they result in lower total costs over their lifetime – thus resulting in a positive net present value (NPV). However, when observing private households’ purchase decisions, they often do not correspond to the economic optimum, resulting in an “energy-efficiency gap.” This paper investigates into the reasons for the persistence of such a gap between energy-efficient products that would be economically optimal – but from which consumers refrain – and less energy-efficient products that consumers actually own or buy although they entail larger life-cycle costs. Factors, which seem to deter private households from purchasing energy-efficient products with positive NPVs, are, for example, insufficient information, limited attention, or inertia. We will show how these and other factors hinder private households from identifying and realizing their economically optimal choices and how such barriers can be overcome. We will present how properly designed energy labels could help to overcome the information-related causes of inefficiently low energy-efficiency investments and provide some additional policy recommendations that could help reaching the aforementioned goal of a reduction of households’ energy demand and CO{sub 2} emissions in an adequate way.

Energy-Using Durables – Why Consumers Refrain from Economically Optimal Choices

International Nuclear Information System (INIS)

Schubert, Renate; Stadelmann, Marcel

2015-01-01

Sustainable development requires increasing the energy efficiency, decreasing the growth rates of energy demand, and decreasing the CO 2 emissions. In many countries, households’ energy consumption is responsible for a considerable share of total energy demand and CO 2 emissions. Energy-using durables are essential in this context. Aiming at sustainability, private households should buy more energy-efficient durables and use them in a more efficient way. In principle, it might even be economically optimal to buy the more energy-efficient products, since they result in lower total costs over their lifetime – thus resulting in a positive net present value (NPV). However, when observing private households’ purchase decisions, they often do not correspond to the economic optimum, resulting in an “energy-efficiency gap.” This paper investigates into the reasons for the persistence of such a gap between energy-efficient products that would be economically optimal – but from which consumers refrain – and less energy-efficient products that consumers actually own or buy although they entail larger life-cycle costs. Factors, which seem to deter private households from purchasing energy-efficient products with positive NPVs, are, for example, insufficient information, limited attention, or inertia. We will show how these and other factors hinder private households from identifying and realizing their economically optimal choices and how such barriers can be overcome. We will present how properly designed energy labels could help to overcome the information-related causes of inefficiently low energy-efficiency investments and provide some additional policy recommendations that could help reaching the aforementioned goal of a reduction of households’ energy demand and CO 2 emissions in an adequate way.

50 CFR 600.330 - National Standard 5-Efficiency.

Science.gov (United States)

2010-10-01

...) Efficiency. In theory, an efficient fishery would harvest the OY with the minimum use of economic inputs such... techniques of harvesting, processing, or marketing, and should avoid creating strong incentives for excessive...

Urban Land Use Efficiency and Coordination in China

Directory of Open Access Journals (Sweden)

Xiaodong Yang

2017-03-01

Full Text Available Due to the focused pursuit of economic growth in the process of the large-scale urban development of China, the phenomena of low land use efficiency and discordance of land use induce unwanted economic, social, and environmental costs. This paper presents a comprehensive study of urban land use efficiency and of the degree of land use coordination of 33 cities in China, using theoretical analysis, data envelopment analysis, principal component analysis, the coordination coefficient method, and four-quadrant analysis. The findings of this study suggest a gradually increasing proportion of land use efficiency from eastern to central and western regions of China, coinciding with China’s pattern of socioeconomic development. No correlation was found between high levels of urban land use efficiency and the degree of land use coordination; however, a significant correlation was found between low land use efficiency and low degrees of land use coordination. Rational land use planning and policy design can effectively improve both urban land use efficiency and coordination.

Efficiency of crude oil markets: Evidences from informational entropy analysis

International Nuclear Information System (INIS)

Ortiz-Cruz, Alejandro; Rodriguez, Eduardo; Ibarra-Valdez, Carlos; Alvarez-Ramirez, Jose

2012-01-01

The role of crude oil as the main energy source for the global economic activity has motivated the discussion about the dynamics and causes of crude oil price changes. An accurate understanding of the issue should provide important guidelines for the design of optimal policies and government budget planning. Using daily data for WTI over the period January 1986–March 2011, we analyze the evolution of the informational complexity and efficiency for the crude oil market through multiscale entropy analysis. The results indicated that the crude oil market is informationally efficient over the scrutinized period except for two periods that correspond to the early 1990s and late 2000s US recessions. Overall, the results showed that deregulation has improved the operation of the market in the sense of making returns less predictable. On the other hand, there is some evidence that the probability of having a severe US economic recession increases as the informational efficiency decreases, which indicates that returns from crude oil markets are less uncertain during economic downturns. - Highlights: ► Entropy concepts are used to characterize crude oil prices. ► An index of market efficiency is introduced. ► Except for periods of economic recession, the crude oil market is informationally efficient.

Happiness and economic freedom: Are they related?

Directory of Open Access Journals (Sweden)

Yilmaz Ilkay

2016-01-01

Full Text Available In this article we investigate the linkage between economic freedom and happiness (subjective well-being. We attempt to understand which economic institutions (rule of law, limited government, regulatory efficiency, open markets have influence on subjective well-being. For this purpose we use a panel dataset and analyze the effect of economic freedom on subjective well-being while using various control variables such as government expenditures as percentage of GDP, human development, social support, freedom of choice and generosity. Our pooled FGLS estimations indicate that all pillars of economic freedom have a strong influence on the average subjective well-being in society. Three of these pillars, namely rule of law, regulatory efficiency and open markets, positively affect subjective well-being. To our surprise we have found a negative relationship between limited government and subjective wellbeing. This might be due to the situation that reducing the size of government possibly leads to lower government expenditures and higher unemployment, which in turn results in lower subjective well-being.

The economic efficiency of forest energy wood chip production in regional use – A case study

Directory of Open Access Journals (Sweden)

Dalibor Šafařík

2013-01-01

Full Text Available This regional project case study deals with the limiting factors of economic efficiency in the production of forest energy wood chips. The evaluation of production efficiency made use of data obtained from the Lesy města Brna, a.s. (Forest of the City of Brno, Corp., which were subjected to two static methods of investment evaluation: an analysis of the tipping point and determination of the limit of variable costs and a dynamic modified tipping point analysis using cash flow (i.e. cash break even analysis. The results have confirmed an established hypothesis, namely that the decisive factor in the profitability of the production of forest energy wood chips hinges on the costs incurred in the gathering of raw material and the distribution of the produced chips. The results include a further limiting factor: transportation costs to the final consumption location. The output of the study is a recommendation that the concentration of residual forest materials not exceed a distance of 250 m from the place of production to the point of disintegration and that the transport distance of energy chips not exceed 50 km from the place of disintegration to the final consumption point. These limiting values help quantify the full internal costs per cost unit, full internal cost profitability, total revenue profitability and annual profitability expressed in terms of fixed assets depreciation without factoring in financial aid.

From partial to total economic analysis. Five applications to environmental and energy economics

Energy Technology Data Exchange (ETDEWEB)

Hoffmann, T.

2006-05-04

The studies presented in this thesis address the consequences of market distortions of governmental policies - predominantly in the area of environmental and energy policy. The studies cover different economic aggregation levels: The first study aims at investigating firm-level effects. Thus, the results refer only to a small number of well-defined economic entities, e.g. electricity supply companies in Germany. Subsequently, issues - such as the evaluation of efficiency effects of the European Emissions Trading system - are addressed on a multi-sectoral and multi-regional level, but still only one market is considered. Thereupon, the scope of investigation is broadened by interactions of different markets - e.g. as in the case of the economic evaluation of renewable energy promotion strategies. Finally, a general equilibrium analysis of a European nuclear phase-out scenario covers all economic feed-backs on the national and international level. (orig.) 5.

Is profitability a good proxy for efficiency? Evidence from the subsector of tour operators

Directory of Open Access Journals (Sweden)

Hedija Veronika

2017-12-01

Full Text Available The goal of the paper is to evaluate the economic efficiency of tour operators in the Czech Republic in the period 2007-2014 using data envelopment analysis (DEA models and prove the link between economic efficiency and profitability and to find out if profitability is a good proxy for economic efficiency. Data was exported from the database Albertina CZ Gold Edition. We calculated the efficiency score using CCR (Charnes, Cooper and Rhodes and BCC (Banker, Charnes and Cooper models based on 3 inputs and 1 output. In the years 2007 to 2010, the efficiency score of almost all the companies was higher than 0.5; however, in years since 2011, we revealed significant differences in the efficiency of individual firms and only about 40 percent of tour operators achieved an efficiency score higher than 0.5. Using Pearson and Spearman correlation coefficients, our findings show that, in the case of the Czech tour operator market, profitability ratios do not correspond with firm efficiency. Profitability ratios are not a good proxy for economic efficiency and should not be used as the only firm criterion of performance.

Negotiating Efficient PPP Contracts

DEFF Research Database (Denmark)

Tvarnø, Christina D.

. An opportunity the member states should consider using when procuring a PPP. This paper looks at the negotiation and contracting of a PPP in an economic theoretical and EU public procurement perspective and discusses how to establish an efficient PPP contract under a strong public law doctrine. Governments......This paper concerns Public Private Partnership (PPP) contracts in concern to the coming new 2014/24IEU public procurement directive. The new EU public procurement directive gives the public authority the opportunity to negotiate PPPs much more when they are implemented in national law...... procurement law. Furthermore, the paper seeks to establish a connection between public law, private law and the efficient PPP contract by drawing upon economic theory and empirical contract data from UK, US and Danish partnering contracts from the construction industry and the aim of contracting joint utility...

Researches with the 'Fertexpert' model concerning the relationships between the efficiency indexes of the fertilizers usage in optimal economic rates and the agrochemical indexes of the soil and expected yields

International Nuclear Information System (INIS)

Budoi, G.; Berca, M.; Borlan, Z.; Gavriluta, I.; Soare, M.; Danuso, F.; Bireescu, L.

1999-01-01

The 'Fertexpert' model allows undertaking researches concerning the variation of efficiency indexes for fertilizers usage in the case of many crops depending on the content of available soil nutrients (the values of soil agrochemical indexes - IA) and on the expected yield, R s , when fertilization are applied in optimal economic rates, DOE. The physical efficiency indexes calculated and researched are the following: the total physical yield increase, SFR (kg/ha), the specific average yield increase, SSp (kg/kg N, P 2 O 5 or K 2 O), the specific consumption of active substance (a.s.) from fertilizer, CSp (kg a.s./1 kg average yield increase). The economic efficiency indexes computed are: the total profit, in monetary units/ha, the specific profit, in monetary units/l monetary unit spent with fertilization, PSp, and in monetary units/kg a.s., PSpsa. The model also allows the study of DOE variation depending on R s and IA. Starting from the made calculations, there can be drown up specific graphics that can then be used in practice and for research purposes to. Refs. 6 (author)

New local diesel power stations: an economic assessment

International Nuclear Information System (INIS)

Wills, R.J.; Reuben, B.G.

1992-01-01

A recent investigation examined the economic potential for electricity generation in the U.K. using large slow-speed two-stroke diesel engines of around 40MW unit output. Large diesels are a high efficiency technology, resilient to fuel quality, and with high reliability. Economic analysis compared diesels with other generating options for a range of fuel scenarios and discount rates. Merit order potential and total costs were also assessed. The diesels show superior economic qualities, both in terms of investment criteria and high merit position. They are economically comparable with combined cycle gas turbines, but combined cycle plant is essentially large-scale, whereas diesels in 40 MW units sizes can provide small-scale, high-efficiency local generation. Slow-speed diesels represent a sound investment for electricity supply. Diesels in local power stations in southern England would increase supply security and diversity. They are compatible with a cautious investment approach and are appropriate for the new market conditions in electricity supply. (author)

Effects of steam pretreatment and co-production with ethanol on the energy efficiency and process economics of combined biogas, heat and electricity production from industrial hemp

Science.gov (United States)

2013-01-01

Background The study presented here has used the commercial flow sheeting program Aspen Plus™ to evaluate techno-economic aspects of large-scale hemp-based processes for producing transportation fuels. The co-production of biogas, district heat and power from chopped and steam-pretreated hemp, and the co-production of ethanol, biogas, heat and power from steam-pretreated hemp were analysed. The analyses include assessments of heat demand, energy efficiency and process economics in terms of annual cash flows and minimum biogas and ethanol selling prices (MBSP and MESP). Results Producing biogas, heat and power from chopped hemp has the highest overall energy efficiency, 84% of the theoretical maximum (based on lower heating values), providing that the maximum capacity of district heat is delivered. The combined production of ethanol, biogas, heat and power has the highest energy efficiency (49%) if district heat is not produced. Neither the inclusion of steam pretreatment nor co-production with ethanol has a large impact on the MBSP. Ethanol is more expensive to produce than biogas is, but this is compensated for by its higher market price. None of the scenarios examined are economically viable, since the MBSP (EUR 103–128 per MWh) is higher than the market price of biogas (EUR 67 per MWh). The largest contribution to the cost is the cost of feedstock. Decreasing the retention time in the biogas process for low solids streams by partly replacing continuous stirred tank reactors by high-rate bioreactors decreases the MBSP. Also, recycling part of the liquid from the effluent from anaerobic digestion decreases the MBSP. The production and prices of methane and ethanol influence the process economics more than the production and prices of electricity and district heat. Conclusions To reduce the production cost of ethanol and biogas from biomass, the use of feedstocks that are cheaper than hemp, give higher output of ethanol and biogas, or combined production with

Efficiency gains, bounds, and risk in finance

NARCIS (Netherlands)

Sarisoy, Cisil

2015-01-01

This thesis consists of three chapters. The first chapter analyzes efficiency gains in the estimation of expected returns based on asset pricing models and examines the economic implications of such gains in portfolio allocation exercises. The second chapter provides nonparametric efficiency bounds

Comprehensive Assessment of the Potential for Efficient District Heating and Cooling and for High-Efficient Cogeneration in Austria

Directory of Open Access Journals (Sweden)

Richard Büchele

2016-12-01

Full Text Available In accordance with the EU Energy Efficiency Directive all Member States have to develop a comprehensive assessment of the potential for high-efficient CHP and efficient district heating and cooling by the end of 2015. This paper describes the approach and methodology used to determine the district heating potentials for Austria. In a first step actual and future heating and cooling demand in the building sector is evaluated using the techno-economic bottom-up model Invert/EE-Lab. Relevant infrastructure probably existing in 2025 is investigated and included into the analysis. Technical potentials for efficient technologies are calculated. After a classification of relevant regions into main and secondary regions a country-level cost-benefit-analysis is performed. The results indicate that there is a reasonable additional potential for district heating by the year 2025 under our central scenario assumptions and within sensitivity scenarios. Only in scenarios with high CO2-price or low gas price, CHP is an economically efficient solution to supply district heat.

The influence of selected parameters on the efficiency and economic charactersistics of the oxy-type coal unit with a membrane-cryogenic oxygen separator

Directory of Open Access Journals (Sweden)

Kotowicz Janusz

2016-03-01

Full Text Available In this paper a 600 MW oxy-type coal unit with a pulverized bed boiler and a membrane-cryogenic oxygen separator and carbon capture installation was analyzed. A membrane-cryogenic oxygen separation installation consists of a membrane module and two cryogenic distillation columns. In this system oxygen is produced with the purity equal to 95%. Installation of carbon capture was based on the physical separation method and allows to reduce the CO2 emission by 90%. In this work the influence of the main parameter of the membrane process – the selectivity coefficient, on the efficiency of the coal unit was presented. The economic analysis with the use of the break-even point method was carried out. The economic calculations were realized in view of the break-even price of electricity depending on a coal unit availability.

Will history repeat itself? Economic convergence and convergence in energy use patterns

International Nuclear Information System (INIS)

Jakob, Michael; Haller, Markus; Marschinski, Robert

2012-01-01

In this paper, a difference-in-differences estimator on panel data for 30 developing and 21 industrialized countries is employed over the period 1971–2005 to examine how patterns of energy use (characterized by the consumption of primary energy carriers, sectoral energy use and carbon emissions) are changing in the process of economic development. For the average developing country in our sample, the results indicate that economic catch-up has been accompanied by above-average growth of the use of most primary energy carriers, the consumption of final energy in most sectors and total CO 2 emissions. For industrialized countries, we find that economic growth is partially decoupled from energy consumption and that above average rates of economic growth were accompanied by larger improvements in energy efficiency. These results emphasize the need to identify the relevant engines of economic growth, their implications for energy use and possibilities to achieve low-carbon growth centered on productivity and efficiency improvements rather than on capital accumulation. - Highlights: ► For developing countries, the hypothesis of ‘leap-frogging’ is rejected. ► For OECD countries, economic growth is partially decoupled from energy use. ► For OECD countries, higher rates of growth are related to energy efficiency improvements. ► Low-carbon growth requires productivity and efficiency improvements.

Econometric analysis of economic and environmental efficiency of Dutch dairy farms

NARCIS (Netherlands)

Reinhard, S.

1999-01-01

The Dutch government aims for competitive and sustainable farms, that use marketable inputs efficiently as well as apply environmentally detrimental variables efficiently in the production process. The objective of this research is to define, to estimate and to evaluate environmental

COMPARATIVE ANALYSIS OF ECONOMIC AND SOCIAL EFFICIENCY. CUSTOMIZE ON HEALTHCARE SECTOR

OpenAIRE

CLAUDIU CICEA

2011-01-01

Efficiency in health service sector is very important because the health sector is a major consumer of resources (especially financial). In this paper the author aims to analyze the efficiency in a social sector (healthcare system) based on cost-benefit analysis.

Economic efficiency or self-sufficiency: alternative strategies for oil consumers?

International Nuclear Information System (INIS)

Heal, D.W.

1992-01-01

The ideal energy source is low cost (efficient) and reliable (secure). The high price and perceived political unreliability of Middle East oil supplies prompted a nearly worldwide trend towards energy self-sufficiency. Gains in energy efficiency, which have been most marked in the OECD, are permanent and, prompted by environmental concern, probably progressive. But the opportunity that is still available to low cost oil suppliers to regain lost markets will only be realized if those supplies are demonstrably reliable. (author)

Policies of energy efficiency: problematic, means and tools of assessment

International Nuclear Information System (INIS)

Chateau, Bertrand

2016-02-01

As energy efficiency has become one of the main issues and even a pillar of energy policies and policies of struggle against climate change, this article discusses the various aspects of this issue which may also mean energy savings in some situations. Thus, energy efficiency encompasses all changes associated with a decrease of the energy required to produce an economic activity unit, or to obtain a given level of comfort. Implementing public policies for energy efficiency supposes the adoption of means of action aimed at acting on the different levers of energy efficiency improvement. The author first discusses to which extent and how it is better to improve energy efficiency rather than let increase investments in energy production and distribution, emissions and energy imports. He therefore discusses the various types of measures: information, incentive and financial, economic, regulatory, or others. In the second part, he discusses how to assess the results of energy efficiency policies, and more particularly at the level of global economy and of main sectors by using various indicators like energetic intensity, final energetic intensity at constant structure, or technical-economic indicators

Consumer Efficiency in Conflict with GDP Growth

DEFF Research Database (Denmark)

Nørgaard, Jørgen

2006-01-01

, however, devoted to the options for improving overall efficiency by satisfying people’s wants through other means than economic throughput of energy, etc., such as by leisure time. Barriers for implementing efficiency options are discussed, pointing out the inherited conflict in affluent regions between...

Benefits for whom? Energy efficiency within the efficient market

International Nuclear Information System (INIS)

Chello, Dario

2015-01-01

How should the lack of an efficient energy market affect the design of energy efficiency policies and their implementation? What the consequences of an inefficient energy market on end users’ behaviour? This article tries to give an answer to such questions, by considering the decision making of domestic users following a few fundamental concepts of behavioural economics. The mechanism of price formation in the market, with particular reference to the internal energy market in Europe, will be examined and we will show that price remains the inflexible attribute in making an energy choice. Then, some conclusions will be addressed to policy makers on how to overcome the barriers illustrated.

Economic response to harvest and effort control in fishery

DEFF Research Database (Denmark)

Hoff, Ayoe; Frost, Hans

for fisheries management. The report outlines bio-economic models, which are designed to shed light on the efficiency of different management tools in terms of quota or effort restrictions given the objectives of the Common Fisheries Policy about sustainable and economic viable fisheries. The report addresses...... the complexities of biological and economic interaction in a multispecies, multifleet framework and outlines consistent mathematical models....

Is the stock market efficient?

Science.gov (United States)

Malkiel, B G

1989-03-10

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

Energy sources consumption: end uses, efficiency and productivity

International Nuclear Information System (INIS)

Martin, J.M.

2005-01-01

This document analyzes the impact of the choices made by all actors, from the energy producers to the process and infrastructure designers and the end users, in the evolution of energy consumptions. Some very little improvements made in the energy efficiency of appliances can become equivalent to the production of several oil fields or power plants at the world scale. More efficient energy uses will not replace the additional productions but they must be considered together to be compared. The energy files are first analyzed as a whole in order to show the hidden field of energy choices. In this framework, users, designers and fitters have to face very different choices because they consider efficiency improvements under different aspects: scientifical, technical, economical and social (public information and habits). These differences in efficiency uses have a time and spatial impact on the growth of energy consumption. The economical and social factors influence the collective way to consume energy and are expressed by the energy intensity of the economic activity. The last part of this document analyzes the influence of this notion on the world energy consumption scenarios at the 2050 prospects. (J.S.)

Economic sustainability of sheabutter production in Kwara state ...

African Journals Online (AJOL)

Production of sheabutter has the economic potentials in sustaining income generation for rural dwellers. The potentials of shea nuts productivity could only be achieved when technical efficiency of the processing becomes relevant. The study examines the patterns, efficiency and productivity of processing harvested shea ...

Economics and the environment

International Nuclear Information System (INIS)

Alm, A.L.

1991-01-01

There is no reason to believe that strict environmental controls are inconsistent with economic well-being and competitiveness. In fact, firms in nations with tough standards have a competitive edge. They have already made some of the capital investments, are finding ways to eliminate wastes, and are developing exportable technologies and skills. The economic argument in the US should not be focused on how pollution control affects the domestic economy. It should be focused on how we can create a framework for technological innovation to solve problems more efficiently and effectively and then to actively propel this innovation into global markets

Corporate efficiency in Europe

Czech Academy of Sciences Publication Activity Database

Hanousek, Jan; Kočenda, E.; Shamshur, Anastasiya

2015-01-01

Roč. 32, June (2015), s. 24-40 ISSN 0929-1199 R&D Projects: GA ČR(CZ) GA15-15927S Institutional support: PRVOUK-P23 Keywords : efficiency * ownership structure * firms Subject RIV: AH - Economics Impact factor: 1.286, year: 2015

Economical and Energy Efficiency of Iron and Steel Industry Reindustrialisation in Russia Based on Implementation of Breakthrough Energy-Saving Technologies

Science.gov (United States)

Shevelev, L. N.

2017-12-01

Estimates were given of economical and energy efficiency of breakthrough energy-saving technologies, which increase competitive advantages and provide energy efficiency of production while reducing negative impact on the environment through reduction of emissions of harmful substances and greenhouse gases in the atmosphere. Among these technologies, preference is given to the following: pulverized coal fuel, blast-furnace gas recycling, gasification of non-coking coal in bubble-type gas-generators, iron-ore concentrate briquetting with steam coal with further use of ore-coal briquettes in electric furnace steel making. Implementation of these technologies at iron and steel works will significantly reduce the energy intensity of production through reduction of expensive coking coal consumption by means of their substitution by less expensive non-coking (steam) coal, and natural gas substitution by own secondary energy resource, which is the reducing gas. As the result, plants will get an opportunity to become self-sufficient in energy-resources and free themselves entirely from expensive purchased energy resources (natural gas, electric power, and partially coking coals), and cross over to low-carbon development.

Economic efficiency of underground natural gas storage: The case of Canada

International Nuclear Information System (INIS)

Charette, Y.

1990-01-01

The paper describes the current situation of natural gas storage in Canada and attempts to provide valuable information and analytical tools so that the key players, including government and industry, will be in a better position to make enlightened choices for future investments in natural gas storage. Central to the analysis of the efficiency of storage is the notion of efficient peak-load pricing. It is usually recognized that storage may be efficient or welfare increasing because, with fixed consumption, it may allow the substitution of cheaper off-peak production for more costly production. The theoretical conclusions are used of a number of static peak-load pricing models, as well as investment decision models, to analyze the various costs and benefits of storage. The main conclusion is made that, when storage is possible, the welfare maximizing peak/off-peak price differential can be reduced, and therefore, storage can increase the efficiency of the gas transmission system. 10 refs, 2 figs, 5 tabs

The Size and Role of Government: Economic Issues

Science.gov (United States)

2009-07-01

results in a net loss in economic efficiency over time. 32 See, for example, N. Gregory Mankiw , Principles of Microeconomics (Fort Worth: Dryden Press...CRS Report for Congress Prepared for Members and Committees of Congress The Size and Role of Government: Economic Issues Marc Labonte...COVERED 00-00-2009 to 00-00-2009 4. TITLE AND SUBTITLE The Size and Role of Government: Economic Issues 5a. CONTRACT NUMBER 5b. GRANT NUMBER 5c

Design of economic incentive instruments in nutrition policy

DEFF Research Database (Denmark)

Jensen, Jørgen Dejgård

2011-01-01

• Economic incentives are instruments to improve diets and reduce the fraction of people exposed to diet-related health risks • Proper targeting and design of economic incentive instruments is important, if such instruments should be efficient and feasible policy measures in the improvement...... of dietary behaviour in industrialised countries • From a cost-effectiveness perspective, there are considerable potential for optimizing the targeting and design of economic incentive instruments in nutritional policy...

Big Social Network Data and Sustainable Economic Development

Directory of Open Access Journals (Sweden)

Umit Can

2017-11-01

Full Text Available New information technologies have led to the rapid and effective growth of social networks. The amount of data produced by social networks has increased the value of the big data concept, which is one of the popular current phenomena. The immediate or unpredictable effects of a wide array of economic activities on large masses and the reactions to them can be measured by using social media platforms and big data methods. Thus, it would be extremely beneficial to analyze the harmful environmental and social impacts that are caused by unsustainable business applications. As social networks and big data are popular realms currently, their efficient use would be an important factor in sustainable economic development. Accurate analysis of people’s consumption habits and economic tendencies would provide significant advantages to companies. Moreover, unknown consumption factors that affect the economic preferences of individuals can be discovered and economic efficiency can be increased. This study shows that the numerous solution opportunities that are provided by social networks and big data have become significant tools in dynamic policy creation by companies and states, in solving problems related to women’s rights, the environment, and health.

Eco-efficient Agriculture: Concepts, Challenges, and Opportunities

NARCIS (Netherlands)

Keating, B.A.; Carberry, P.S.; Bindraban, P.S.; Asseng, S.; Meinke, H.B.; Dixon, J.

2010-01-01

Eco-efficiency in the simplest of terms is about achieving more with less—more agricultural outputs, in terms of quantity and quality, for less input of land, water, nutrients, energy, labor, or capital. The concept of eco-efficiency encompasses both the ecological and economic dimensions of