WorldWideScience

Sample records for estimate economic performance

  1. 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

  2. A finite element model for estimating the techno-economic performance of the building-integrated photovoltaic blind

    International Nuclear Information System (INIS)

    Park, Hyo Seon; Koo, Choongwan; Hong, Taehoon; Oh, Jeongyoon; Jeong, Kwangbok

    2016-01-01

    Highlights: • A FEM was developed to estimate the techno-economic performance of the BIPB. • The mean absolute percentage error of the FEM_4_-_n_o_d_eBIPB was determined to be 4.54%. • In implementing the BIPB with the GC_i_n_c_l_._S_R_E_C plan, it was superior to the others. • Users can understand the operating mechanism of the proposed model (FEM_4_-_n_o_d_eBIPB). • The proposed model can be extended to any other country in the global environment. - Abstract: This study aims to develop the four-node-based finite element model for estimating the techno-economic performance of the building-integrated photovoltaic blind (FEM_4_-_n_o_d_eBIPB), which can be used by decision-maker in the early design phase. In developing the proposed model, this study uses various research methodologies such as energy simulation, finite element method, life cycle cost analysis, policy analysis, and visual basic application. Compared to the simulation results, the mean absolute percentage error of the proposed model was determined to be 4.54%, showing that the prediction accuracy of the proposed model was found to be excellent. Furthermore, the practical application was conducted for the ‘S’ elementary school facility in South Korea, which allows potential readers to easily and clearly understand the operating mechanism of the proposed model as well as its usability and extendability. The proposed model can be used to conduct the detailed analysis of the techno-economic performance of the BIPB by the type of utilization plan and to determine the optimal strategy for maximizing the value of the investment. Furthermore, the proposed research framework can be extended to any other technology, industry, and country in the global environment.

  3. Performance and operational economics estimates for a coal gasification combined-cycle cogeneration powerplant

    Science.gov (United States)

    Nainiger, J. J.; Burns, R. K.; Easley, A. J.

    1982-01-01

    A performance and operational economics analysis is presented for an integrated-gasifier, combined-cycle (IGCC) system to meet the steam and baseload electrical requirements. The effect of time variations in steam and electrial requirements is included. The amount and timing of electricity purchases from sales to the electric utility are determined. The resulting expenses for purchased electricity and revenues from electricity sales are estimated by using an assumed utility rate structure model. Cogeneration results for a range of potential IGCC cogeneration system sizes are compared with the fuel consumption and costs of natural gas and electricity to meet requirements without cogeneration. The results indicate that an IGCC cogeneration system could save about 10 percent of the total fuel energy presently required to supply steam and electrical requirements without cogeneration. Also for the assumed future fuel and electricity prices, an annual operating cost savings of 21 percent to 26 percent could be achieved with such a cogeneration system. An analysis of the effects of electricity price, fuel price, and system availability indicates that the IGCC cogeneration system has a good potential for economical operation over a wide range in these assumptions.

  4. Some factors affecting the use of lighter than air systems. [economic and performance estimates for dirigibles and semi-buoyant hybrid vehicles

    Science.gov (United States)

    Havill, C. D.

    1974-01-01

    The uses of lighter-than-air vehicles are examined in the present day transportation environment. Conventional dirigibles were found to indicate an undesirable economic risk due to their low speeds and to uncertainties concerning their operational use. Semi-buoyant hybrid vehicles are suggested as an alternative which does not have many of the inferior characteristics of conventional dirigibles. Economic and performance estimates for hybrid vehicles indicate that they are competitive with other transportation systems in many applications, and unique in their ability to perform some highly desirable emergency missions.

  5. Computer programs for capital cost estimation, lifetime economic performance simulation, and computation of cost indexes for laser fusion and other advanced technology facilities

    International Nuclear Information System (INIS)

    Pendergrass, J.H.

    1978-01-01

    Three FORTRAN programs, CAPITAL, VENTURE, and INDEXER, have been developed to automate computations used in assessing the economic viability of proposed or conceptual laser fusion and other advanced-technology facilities, as well as conventional projects. The types of calculations performed by these programs are, respectively, capital cost estimation, lifetime economic performance simulation, and computation of cost indexes. The codes permit these three topics to be addressed with considerable sophistication commensurate with user requirements and available data

  6. Thermo-economic performance of HTGR Brayton power cycles

    International Nuclear Information System (INIS)

    Linares, J. L.; Herranz, L. E.; Moratilla, B. Y.; Fernandez-Perez, A.

    2008-01-01

    High temperature reached in High and Very High Temperature Reactors (VHTRs) results in thermal efficiencies substantially higher than those of actual nuclear power plants. A number of studies mainly driven by achieving optimum thermal performance have explored several layout. However, economic assessments of cycle power configurations for innovative systems, although necessarily uncertain at this time, may bring valuable information in relative terms concerning power cycle optimization. This paper investigates the thermal and economic performance direct Brayton cycles. Based on the available parameters and settings of different designs of HTGR power plants (GTHTR-300 and PBMR) and using the first and second laws of thermodynamics, the effects of compressor inter-cooling and of the compressor-turbine arrangement (i.e., single vs. multiple axes) on thermal efficiency have been estimated. The economic analysis has been based on the El-Sayed methodology and on the indirect derivation of the reactor capital investment. The results of the study suggest that a 1-axis inter-cooled power cycle has a similar thermal performance to the 3-axes one (around 50%) and, what's more, it is substantially less taxed. A sensitivity study allowed assessing the potential impact of optimizing several variables on cycle performance. Further than that, the cycle components costs have been estimated and compared. (authors)

  7. Estimating economic losses from earthquakes using an empirical approach

    Science.gov (United States)

    Jaiswal, Kishor; Wald, David J.

    2013-01-01

    We extended the U.S. Geological Survey's Prompt Assessment of Global Earthquakes for Response (PAGER) empirical fatality estimation methodology proposed by Jaiswal et al. (2009) to rapidly estimate economic losses after significant earthquakes worldwide. The requisite model inputs are shaking intensity estimates made by the ShakeMap system, the spatial distribution of population available from the LandScan database, modern and historic country or sub-country population and Gross Domestic Product (GDP) data, and economic loss data from Munich Re's historical earthquakes catalog. We developed a strategy to approximately scale GDP-based economic exposure for historical and recent earthquakes in order to estimate economic losses. The process consists of using a country-specific multiplicative factor to accommodate the disparity between economic exposure and the annual per capita GDP, and it has proven successful in hindcast-ing past losses. Although loss, population, shaking estimates, and economic data used in the calibration process are uncertain, approximate ranges of losses can be estimated for the primary purpose of gauging the overall scope of the disaster and coordinating response. The proposed methodology is both indirect and approximate and is thus best suited as a rapid loss estimation model for applications like the PAGER system.

  8. Rapid estimation of the economic consequences of global earthquakes

    Science.gov (United States)

    Jaiswal, Kishor; Wald, David J.

    2011-01-01

    The U.S. Geological Survey's (USGS) Prompt Assessment of Global Earthquakes for Response (PAGER) system, operational since mid 2007, rapidly estimates the most affected locations and the population exposure at different levels of shaking intensities. The PAGER system has significantly improved the way aid agencies determine the scale of response needed in the aftermath of an earthquake. For example, the PAGER exposure estimates provided reasonably accurate assessments of the scale and spatial extent of the damage and losses following the 2008 Wenchuan earthquake (Mw 7.9) in China, the 2009 L'Aquila earthquake (Mw 6.3) in Italy, the 2010 Haiti earthquake (Mw 7.0), and the 2010 Chile earthquake (Mw 8.8). Nevertheless, some engineering and seismological expertise is often required to digest PAGER's exposure estimate and turn it into estimated fatalities and economic losses. This has been the focus of PAGER's most recent development. With the new loss-estimation component of the PAGER system it is now possible to produce rapid estimation of expected fatalities for global earthquakes (Jaiswal and others, 2009). While an estimate of earthquake fatalities is a fundamental indicator of potential human consequences in developing countries (for example, Iran, Pakistan, Haiti, Peru, and many others), economic consequences often drive the responses in much of the developed world (for example, New Zealand, the United States, and Chile), where the improved structural behavior of seismically resistant buildings significantly reduces earthquake casualties. Rapid availability of estimates of both fatalities and economic losses can be a valuable resource. The total time needed to determine the actual scope of an earthquake disaster and to respond effectively varies from country to country. It can take days or sometimes weeks before the damage and consequences of a disaster can be understood both socially and economically. The objective of the U.S. Geological Survey's PAGER system is

  9. Application of Korean Specific Data to Economic Cost Estimation by KOSCA-MACCS2

    International Nuclear Information System (INIS)

    Choi, Sun Yeong; Jang, Seung-Cheol

    2015-01-01

    Default values for various data provided by MACCS2(MELCOR Accident Consequence Code System Version 2) such as population, weather, food, and economic cost are far from current domestic condition. In the case of economic cost data, related default values came from MACCS and WASH-1400. KAERI (Korea Atomic Energy Research Institute) has been developed a Korean-specific level 3 PSA (Probabilistic Safety Assessment) code package based on MACCS2 to reflect domestic condition for off-site consequence analysis. To this end, we performed a study on the domestic specific technical issues for level 3 PSA, which are a dose conversion factor, food chain model, atmospheric dispersion model, and domestic-specific economic effect model. Based on the study, we developed a level 3 PSA code, so-called KOSCAMACCS2 (Korean-specific Off-Site Consequence Analysis based on MACCS2). The purpose of this paper is to introduce economic cost variable provided by KOSCA-MACCS2 and application of Korean-specific data to the related economic cost estimation with KOSCA-MACCS2. In this paper, we introduced economic cost variable provided by KOSCA-MACCS2 and suggested the application plan of Korean-specific data to the related economic cost estimation. To this end, we considered data sources for those economic cost variables to reflect Korea-specific features such as data by Statistics Korea or Bank of Korea etc. For the decontamination related variables, we applied foreign literatures to apply data, which are Extern-E and UNESCO Chernobyl Forum data. Based on the data resources we estimated data for input variables related to economic cost estimation

  10. Application of Korean Specific Data to Economic Cost Estimation by KOSCA-MACCS2

    Energy Technology Data Exchange (ETDEWEB)

    Choi, Sun Yeong; Jang, Seung-Cheol [KAERI, Daejeon (Korea, Republic of)

    2015-05-15

    Default values for various data provided by MACCS2(MELCOR Accident Consequence Code System Version 2) such as population, weather, food, and economic cost are far from current domestic condition. In the case of economic cost data, related default values came from MACCS and WASH-1400. KAERI (Korea Atomic Energy Research Institute) has been developed a Korean-specific level 3 PSA (Probabilistic Safety Assessment) code package based on MACCS2 to reflect domestic condition for off-site consequence analysis. To this end, we performed a study on the domestic specific technical issues for level 3 PSA, which are a dose conversion factor, food chain model, atmospheric dispersion model, and domestic-specific economic effect model. Based on the study, we developed a level 3 PSA code, so-called KOSCAMACCS2 (Korean-specific Off-Site Consequence Analysis based on MACCS2). The purpose of this paper is to introduce economic cost variable provided by KOSCA-MACCS2 and application of Korean-specific data to the related economic cost estimation with KOSCA-MACCS2. In this paper, we introduced economic cost variable provided by KOSCA-MACCS2 and suggested the application plan of Korean-specific data to the related economic cost estimation. To this end, we considered data sources for those economic cost variables to reflect Korea-specific features such as data by Statistics Korea or Bank of Korea etc. For the decontamination related variables, we applied foreign literatures to apply data, which are Extern-E and UNESCO Chernobyl Forum data. Based on the data resources we estimated data for input variables related to economic cost estimation.

  11. Estimated annual economic loss from organ condemnation ...

    African Journals Online (AJOL)

    as a basis for the analysis of estimation of the economic significance of bovine .... percent involvement of each organ were used in the estimation of the financial loss from organ .... DVM thesis, Addis Ababa University, Faculty of Veterinary.

  12. Estimating total economic merit for the Portuguese Holstein cattle population under new economic conditions

    Directory of Open Access Journals (Sweden)

    Joana B.M. Almeida

    2013-12-01

    Full Text Available The objective of this study was to develop a total economic merit index that identifies more profitable animals using Portugal as a case study to illustrate the recent economic changes in milk production. Economic values were estimated following future global prices and EU policy, and taking into consideration the priorities of the Portuguese dairy sector. Economic values were derived using an objective system analysis with a positive approach, that involved the comparison of several alternatives, using real technical and economic data from national dairy farms. The estimated relative economic values revealed a high importance of production traits, low for morphological traits and a value of zero for somatic cell score. According to several future market expectations, three scenarios for milk production were defined: a realistic, a pessimistic and an optimistic setting, each with projected future economic values. Responses to selection and efficiency of selection of the indices were compared to a fourth scenario that represents the current selection situation in Portugal, based on individual estimated breeding values for milk yield. Although profit resulting from sale of milk per average lactation in the optimistic scenario was higher than in the realistic scenario, the volatility of future economic conditions and uncertainty about the future milk pricing system should be considered. Due to this market instability, genetic improvement programs require new definitions of profit functions for the near future. Effective genetic progress direction must be verified so that total economic merit formulae can be adjusted and selection criteria redirected to the newly defined target goals.

  13. Estimating the economic cost of disability in Ireland

    OpenAIRE

    Cullinan, John; Gannon, Brenda; Lyons, Seán

    2008-01-01

    Addressing the extra economic costs of disability seems a logical step towards alleviating elements of social exclusion for people with disabilities. This paper estimates the economic cost of disability in Ireland in terms of the additional spending needs that arise due to disability. It defines and estimates models of the private costs borne by families with individuals who have a disability in Ireland when compared to the wider population, both in general and by severity of illness. Our mod...

  14. Bigger is Better, but at What Cost? Estimating the Economic Value of Incremental Data Assets.

    Science.gov (United States)

    Dalessandro, Brian; Perlich, Claudia; Raeder, Troy

    2014-06-01

    Many firms depend on third-party vendors to supply data for commercial predictive modeling applications. An issue that has received very little attention in the prior research literature is the estimation of a fair price for purchased data. In this work we present a methodology for estimating the economic value of adding incremental data to predictive modeling applications and present two cases studies. The methodology starts with estimating the effect that incremental data has on model performance in terms of common classification evaluation metrics. This effect is then translated into economic units, which gives an expected economic value that the firm might realize with the acquisition of a particular data asset. With this estimate a firm can then set a data acquisition price that targets a particular return on investment. This article presents the methodology in full detail and illustrates it in the context of two marketing case studies.

  15. Causal Dynamic Relationships between Political–Economic Factors and Export Performance in the Renewable Energy Technologies Market

    Directory of Open Access Journals (Sweden)

    Bongsuk Sung

    2018-04-01

    Full Text Available This study explores how political–economic forces could affect export performance in the renewable energy technologies market. We conduct panel framework analyses to verify the characteristics of panel data for 19 countries before establishing the panel estimator meant to test the effects of political–economic forces on export specialization. We consider the results of the panel framework analyses and develop an empirical model to test casual dynamic relationships between political–economic forces and export performance. The results from the least squares dummy variable-corrected estimation indicate that the major factors promoting the export specialization of renewable energy technologies are, in order of decreasing importance, public pressure, market size, and government demand-pull policy. However, the traditional energy industry has no significant effect on export performance. Finally, this study finds that dynamic effects exist in all estimations.

  16. Skill-based immigration, economic integration, and economic performance

    OpenAIRE

    Aydemir, Abdurrahman

    2014-01-01

    Studies for major immigrant-receiving countries provide evidence on the comparative economic performance of immigrant classes (skill-, kinship-, and humanitarian-based). Developed countries are increasingly competing for high-skilled immigrants, who perform better in the labor market. However, there are serious challenges to their economic integration, which highlights a need for complementary immigration and integration policies.

  17. Marketization and Economic Performance

    DEFF Research Database (Denmark)

    Hansen, Morten Balle

    2010-01-01

    . A reform enforcing compulsory competitive tendering in homecare for elderly people in Denmark is analysed and its relation to measures of economic performance is explored. Two competing models of marketization are contrasted in the analysis: a problem solving model inspired by public choice ideology...... little impact on economic performance is found, which lends support to an institutional interpretation of the findings....

  18. Intermodal Freight Transport on the Right Track? Environmental and economic performances and their trade-off

    International Nuclear Information System (INIS)

    Kim, Nam Seok

    2010-01-01

    This dissertation aims to evaluate environmental and economic performances of an intermodal freight transport system and to estimate the trade-off between CO2 emissions, which is presented as an indicator of environmental performance, and freight costs, which indicate the economic performance of the intermodal freight system. The truck-only system is always regarded as the counterpart of the intermodal freight system in this dissertation. To examine the environmental performance of the intermodal freight system, CO2 emissions generated from all the processes in the intermodal chain, such as pre-haulage and post-haulage, long distance haulage, and transshipment, are estimated considering different sources that generate electricity and transmission loss of electricity (Chapters 3 and 4). To examine the economic performance of the system, two approaches are considered: (1) finding the intermodal breakeven distance for which the intermodal system is more competitive than the truck-only system (Chapter 5); (2) examining the economies of scale in the intermodal network and finding the route/system choice that minimizes the total freight transportation costs (Chapter 6). Finally, this dissertation attempts to find the trade-off between CO2 emissions (representing the environmental performance) and freight transportation cost (representing the economic performance) (Chapter 7)

  19. Estimate of the economic impact of mastitis: A case study in a Holstein dairy herd under tropical conditions.

    Science.gov (United States)

    Guimarães, Juliana L B; Brito, Maria A V P; Lange, Carla C; Silva, Márcio R; Ribeiro, João B; Mendonça, Letícia C; Mendonça, Juliana F M; Souza, Guilherme N

    2017-07-01

    The aim of this study was to estimate the economic impact of mastitis at the herd level and the weight (percent) of the components of this impact in a Holstein dairy herd under tropical conditions. Three estimates of the economic impact of mastitis were performed. In estimates 1 and 2 the real production and economic indices from February 2011 to January 2012 were considered. In the estimate 1, indices for mastitis classified as ideal were considered, whereas in the estimate 2, the mastitis indices used were those recorded at the farm and at Holstein Cattle Association of Minas Gerais State database (real indices). Ideal mastitis indices were bulk milk somatic cell counts less than 250,000 cells/mL, incidence of clinical mastitis less than 25 cases/100 cows/year, number of culls due to udder health problems less than 5% and the percentage of cows with somatic cell counts greater than 200,000 cells/mL less than 20%. Considering the ideal indices of mastitis, the economic impact was US$19,132.35. The three main components of the economic impact were culling cows (39.4%) and the reduction in milk production due to subclinical and clinical mastitis (32.3% and 18.2%, respectively). Estimate 2 using real mastitis indices showed an economic impact of US$61,623.13 and the reduction in milk production due to mastitis (77.7%) and milk disposal (14.0%) were the most relevant components. The real impact of culling cows was approximately 16 times less than the weight that was considered ideal, indicating that this procedure could have been more frequently adopted. The reduction in milk production was 27.2% higher than the reduction in Estimate 1, indicating a need to control and prevent mastitis. The estimate 3 considered the same indices as estimate 2, but for the period from February 2012 to January 2013. Its economic impact was US$91,552.69. During this period, 161 treatments of cows with an intramammary antibiotic were performed to eliminate Streptococcus agalactiae, and

  20. Estimation of economic costs of particulate air pollution from road transport in China

    Science.gov (United States)

    Guo, X. R.; Cheng, S. Y.; Chen, D. S.; Zhou, Y.; Wang, H. Y.

    2010-09-01

    Valuation of health effects of air pollution is becoming a critical component of the performance of cost-benefit analysis of pollution control measures, which provides a basis for setting priorities for action. Beijing has focused on control of transport emission as vehicular emissions have recently become an important source of air pollution, particularly during Olympic games and Post-games. In this paper, we conducted an estimation of health effects and economic cost caused by road transport-related air pollution using an integrated assessment approach which utilizes air quality model, engineering, epidemiology, and economics. The results show that the total economic cost of health impacts due to air pollution contributed from transport in Beijing during 2004-2008 was 272, 297, 310, 323, 298 million US (mean value), respectively. The economic costs of road transport accounted for 0.52, 0.57, 0.60, 0.62, and 0.58% of annual Beijing GDP from 2004 to 2008. Average cost per vehicle and per ton of PM 10 emission from road transport can also be estimated as 106 US /number and 3584 US $ t -1, respectively. These findings illustrate that the impact of road transport contributed particulate air pollution on human health could be substantial in Beijing, whether in physical and economic terms. Therefore, some control measures to reduce transport emissions could lead to considerable economic benefit.

  1. ENTREPRENEURSHIP AND ECONOMIC PERFORMANCE

    Directory of Open Access Journals (Sweden)

    HORAŢIU ŞOIM

    2013-12-01

    Full Text Available The problems of wealth and economic performance are old but despite their importance we have not a final answer on them. Besides the standard production factors usually stresed when we analyze economic performance and growth, land, labor and capital, we approach institutions in general and entrepreneurial culture in particular. In this paper we analyze the relationship between entreprenurship, defined by many dimensions derived from the study „Entrepreneurship in the EU and beyond.” requested by European Comission to the Gallup Internaitional, and economic performance measured by GDP/capita. The results show that countries where there is a strong entrepreneurial culture that promote initiative, opportunity seeking, risk taking aare doing better in terms of development level and wealth. At the same time the countries where the entrepreneurs have a good image in society, and thus promote entrepreneurship, are doing beter than the other countries.

  2. Study on the social economic estimation of Chernobyl accident

    International Nuclear Information System (INIS)

    Sagara, Aya; Fujimoto, Noboru; Morita, Koji; Fukuda, Kenji

    2000-01-01

    In order to estimate the external economic effect for the risk of the nuclear power plants, the document research has been carried out, which mainly deals with the economic influence of the Chernobyl accident that occurred on the 26th of April 1986. As a result, the direct and indirect total economic loss between 1986 and 1995 is about $ 80 billion in Belarus, $ 115 billion in Ukraine and 1.15 trillion in Russia. This value, however, is considered as an overestimation, since the environmental contamination with radioactive material and thyroid cancer in Russia is very much the same as in Belarus and Ukraine. Also, the total economic loss is about a billion dollars in west European countries. The total economic loss for the Chernobyl accident is estimated more than about $ 300 billion. On the other hand, the chance occurrence of this kind of major accident of the nuclear power plant is very small in terms of probabilities, and the product of economic loss and frequency is smaller than the cost benefit for the measure of global warming and the energy security in Japan. This kind of problem should be treated as a social problem and study on various external economic effect is necessary. (author)

  3. Improvement of economic potential estimation methods for enterprise with potential branch clusters use

    Directory of Open Access Journals (Sweden)

    V.Ya. Nusinov

    2017-08-01

    Full Text Available The research determines that the current existing methods of enterprise’s economic potential estimation are based on the use of additive, multiplicative and rating models. It is determined that the existing methods have a row of defects. For example, not all the methods take into account the branch features of the analysis, and also the level of development of the enterprise comparatively with other enterprises. It is suggested to level such defects by an account at the estimation of potential integral level not only by branch features of enterprises activity but also by the intra-account economic clusterization of such enterprises. Scientific works which are connected with the using of clusters for the estimation of economic potential are generalized. According to the results of generalization it is determined that it is possible to distinguish 9 scientific approaches in this direction: the use of natural clusterization of enterprises with the purpose of estimation and increase of region potential; the use of natural clusterization of enterprises with the purpose of estimation and increase of industry potential; use of artificial clusterization of enterprises with the purpose of estimation and increase of region potential; use of artificial clusterization of enterprises with the purpose of estimation and increase of industry potential; the use of artificial clusterization of enterprises with the purpose of clustering potential estimation; the use of artificial clusterization of enterprises with the purpose of estimation of clustering competitiveness potential; the use of natural (artificial clusterization for the estimation of clustering efficiency; the use of natural (artificial clusterization for the increase of level at region (industries development; the use of methods of economic potential of region (industries estimation or its constituents for the construction of the clusters. It is determined that the use of clusterization method in

  4. Forecasting oilfield economic performance

    International Nuclear Information System (INIS)

    Bradley, M.E.; Wood, A.R.O.

    1994-01-01

    This paper presents a general method for forecasting oilfield economic performance that integrates cost data with operational, reservoir, and financial information. Practices are developed for determining economic limits for an oil field and its components. The economic limits of marginal wells and the role of underground competition receive special attention. Also examined is the influence of oil prices on operating costs. Examples illustrate application of these concepts. Categorization of costs for historical tracking and projections is recommended

  5. Estimation of economic parameters of U.S. hydropower resources

    Energy Technology Data Exchange (ETDEWEB)

    Hall, Douglas G. [Idaho National Lab. (INL), Idaho Falls, ID (United States). Idaho National Engineering and Environmental Lab. (INEEL); Hunt, Richard T. [Idaho National Lab. (INL), Idaho Falls, ID (United States). Idaho National Engineering and Environmental Lab. (INEEL); Reeves, Kelly S. [Idaho National Lab. (INL), Idaho Falls, ID (United States). Idaho National Engineering and Environmental Lab. (INEEL); Carroll, Greg R. [Idaho National Lab. (INL), Idaho Falls, ID (United States). Idaho National Engineering and Environmental Lab. (INEEL)

    2003-06-01

    Tools for estimating the cost of developing and operating and maintaining hydropower resources in the form of regression curves were developed based on historical plant data. Development costs that were addressed included: licensing, construction, and five types of environmental mitigation. It was found that the data for each type of cost correlated well with plant capacity. A tool for estimating the annual and monthly electric generation of hydropower resources was also developed. Additional tools were developed to estimate the cost of upgrading a turbine or a generator. The development and operation and maintenance cost estimating tools, and the generation estimating tool were applied to 2,155 U.S. hydropower sites representing a total potential capacity of 43,036 MW. The sites included totally undeveloped sites, dams without a hydroelectric plant, and hydroelectric plants that could be expanded to achieve greater capacity. Site characteristics and estimated costs and generation for each site were assembled in a database in Excel format that is also included within the EERE Library under the title, “Estimation of Economic Parameters of U.S. Hydropower Resources - INL Hydropower Resource Economics Database.”

  6. HOW TO SUSTAIN ECONOMIC PERFORMANCE? ECONOMIC GROWTH AND ITS IMPACT FACTORS

    Directory of Open Access Journals (Sweden)

    OANA SIMONA HUDEA (CARAMAN

    2012-05-01

    Full Text Available This paper intends to render several important factors of impact on economic growth and to describe the particular types of relationships of the latter with each one of its influencing elements. In order to correctly determine such issue, we have resorted to three carefully selected models that have been estimated and compared so as to identify the most adequate and representative regression. For this purpose we have performed an analysis based on cross-section annual data for 105 countries spread all over the world. After having tested and rejected certain exogenous variables initially considered, such as imports or exports, we have finally retained the external debt and foreign direct investments as explanatory items of the dependent variable. The results revealed that both of them positively affect the gross domestic product of the analysed countries, this one being inelastic in relation to the exogenous variables considered. Even if the relationship between the economic growth and the external debt of a country is usually negative, as the money exit out of the country due to the debt service causes non-achieved potential investments, yet, there is an inflexion point up to which the external debt has a positive influence on economic growth by the increase of the investments funds acquired as result of the external credit contracting, this being the case reflected by our study. As for the relationship existing between foreign direct investments and GDP, the economic theory confirms that FDI and economic growth are directly correlated, the former contributing to technical progress, production increase and, finally, to the improvement of the living standard.

  7. 26 CFR 1.461-4 - Economic performance.

    Science.gov (United States)

    2010-04-01

    ...) In general. The principles of this paragraph (d) determine when economic performance occurs with... 26 Internal Revenue 6 2010-04-01 2010-04-01 false Economic performance. 1.461-4 Section 1.461-4...) INCOME TAXES Taxable Year for Which Deductions Taken § 1.461-4 Economic performance. (a) Introduction—(1...

  8. Big Numbers about Small Children: Estimating the Economic Benefits of Addressing Undernutrition.

    Science.gov (United States)

    Alderman, Harold; Behrman, Jere R; Puett, Chloe

    2017-02-01

    Different approaches have been used to estimate the economic benefits of reducing undernutrition and to estimate the costs of investing in such programs on a global scale. While many of these studies are ultimately based on evidence from well-designed efficacy trials, all require a number of assumptions to project the impact of such trials to larger populations and to translate the value of the expected improvement in nutritional status into economic terms. This paper provides a short critique of some approaches to estimating the benefits of investments in child nutrition and then presents an alternative set of estimates based on different core data. These new estimates reinforce the basic conclusions of the existing literature: the economic value from reducing undernutrition in undernourished populations is likely to be substantial.

  9. Cost estimates and economic evaluations for conceptual LLRW disposal facility designs

    Energy Technology Data Exchange (ETDEWEB)

    Baird, R.D.; Chau, N. [Rogers & Associates Engineering Corp., Salt Lake City, UT (United States); Breeds, C.D. [SubTerra, Inc., Redmond, WA (United States)

    1995-12-31

    Total life-cycle costs were estimated in support of the New York LLRW Siting Commission`s project to select a disposal method from four near-surface LLRW disposal methods (namely, uncovered above-grade vaults, covered above-grade vaults, below-grade vaults, and augered holes) and two mined methods (namely, vertical shaft mines and drift mines). Conceptual designs for the disposal methods were prepared and used as the basis for the cost estimates. Typical economic performance of each disposal method was assessed. Life-cycle costs expressed in 1994 dollars ranged from $ 1,100 million (for below-grade vaults and both mined disposal methods) to $2,000 million (for augered holes). Present values ranged from $620 million (for below-grade vaults) to $ 1,100 million (for augered holes).

  10. 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

  11. Sociopolitical and economic elements to explain the environmental performance of countries.

    Science.gov (United States)

    Almeida, Thiago Alexandre das Neves; García-Sánchez, Isabel-María

    2017-01-01

    The present research explains environmental performance using an ecological composite index as the dependent variable and focusing on two national dimensions: sociopolitical characteristics and economics. Environmental performance is measured using the Composite Index of Environmental Performance (CIEP) indicator proposed by García-Sánchez et al. (2015). The first model performs a factor analysis to aggregate the variables according to each analyzed dimension. In the second model, the estimation is run using only single variables. Both models are estimated using generalized least square estimation (GLS) using panel data from 152 countries and 6 years. The results show that sociopolitical factors and international trade have a positive effect on environmental performance. When the variables are separately analyzed, democracy and social policy have a positive effect on environmental performance while transport, infrastructure, consumption of goods, and tourism have a negative effect. Further observation is that the trade-off between importing and exporting countries overshadows the pollution caused by production. It was also observed that infrastructure has a negative coefficient for developing countries and positive for developed countries. The best performances are in the democratic and richer countries that are located in Europe, while the worst environmental performance is by the nondemocratic and the poorest countries, which are on the African continent.

  12. Economic Optimization of Spray Dryer Operation using Nonlinear Model Predictive Control with State Estimation

    DEFF Research Database (Denmark)

    Petersen, Lars Norbert; Jørgensen, John Bagterp; Rawlings, James B.

    2015-01-01

    In this paper, we develop an economically optimizing Nonlinear Model Predictive Controller (E-NMPC) for a complete spray drying plant with multiple stages. In the E-NMPC the initial state is estimated by an extended Kalman Filter (EKF) with noise covariances estimated by an autocovariance least...... squares method (ALS). We present a model for the spray drying plant and use this model for simulation as well as for prediction in the E-NMPC. The open-loop optimal control problem in the E-NMPC is solved using the single-shooting method combined with a quasi-Newton Sequential Quadratic programming (SQP......) algorithm and the adjoint method for computation of gradients. We evaluate the economic performance when unmeasured disturbances are present. By simulation, we demonstrate that the E-NMPC improves the profit of spray drying by 17% compared to conventional PI control....

  13. Forecasting performances of three automated modelling techniques during the economic crisis 2007-2009

    DEFF Research Database (Denmark)

    Kock, Anders Bredahl; Teräsvirta, Timo

    2014-01-01

    . The performances of these three model selectors are compared by looking at the accuracy of the forecasts of the estimated neural network models. We apply the neural network model and the three modelling techniques to monthly industrial production and unemployment series from the G7 countries and the four......In this work we consider the forecasting of macroeconomic variables during an economic crisis. The focus is on a specific class of models, the so-called single hidden-layer feed-forward autoregressive neural network models. What makes these models interesting in the present context is the fact...... that they form a class of universal approximators and may be expected to work well during exceptional periods such as major economic crises. Neural network models are often difficult to estimate, and we follow the idea of White (2006) of transforming the specification and nonlinear estimation problem...

  14. Approaches to Refining Estimates of Global Burden and Economics of Dengue

    Science.gov (United States)

    Shepard, Donald S.; Undurraga, Eduardo A.; Betancourt-Cravioto, Miguel; Guzmán, María G.; Halstead, Scott B.; Harris, Eva; Mudin, Rose Nani; Murray, Kristy O.; Tapia-Conyer, Roberto; Gubler, Duane J.

    2014-01-01

    Dengue presents a formidable and growing global economic and disease burden, with around half the world's population estimated to be at risk of infection. There is wide variation and substantial uncertainty in current estimates of dengue disease burden and, consequently, on economic burden estimates. Dengue disease varies across time, geography and persons affected. Variations in the transmission of four different viruses and interactions among vector density and host's immune status, age, pre-existing medical conditions, all contribute to the disease's complexity. This systematic review aims to identify and examine estimates of dengue disease burden and costs, discuss major sources of uncertainty, and suggest next steps to improve estimates. Economic analysis of dengue is mainly concerned with costs of illness, particularly in estimating total episodes of symptomatic dengue. However, national dengue disease reporting systems show a great diversity in design and implementation, hindering accurate global estimates of dengue episodes and country comparisons. A combination of immediate, short-, and long-term strategies could substantially improve estimates of disease and, consequently, of economic burden of dengue. Suggestions for immediate implementation include refining analysis of currently available data to adjust reported episodes and expanding data collection in empirical studies, such as documenting the number of ambulatory visits before and after hospitalization and including breakdowns by age. Short-term recommendations include merging multiple data sources, such as cohort and surveillance data to evaluate the accuracy of reporting rates (by health sector, treatment, severity, etc.), and using covariates to extrapolate dengue incidence to locations with no or limited reporting. Long-term efforts aim at strengthening capacity to document dengue transmission using serological methods to systematically analyze and relate to epidemiologic data. As promising tools

  15. Viewls - Environmental and economic performance of biofuels. Vol. 1 - Main report

    International Nuclear Information System (INIS)

    Varela, M.; Lago, C.; Jungmeier, G.; Koenighofer, K.

    2005-04-01

    According to the European Directive 2003/30 'Promotion of the use of biofuels or other renewable fuels for transport' the use of biofuels in the transportation sector should be strongly increased in the next decades in Europe. The purpose of this study was to obtain and present clear data and information to outline environmental and economic performance of different biofuels. Based on a standardised review of the most relevant international studies on transportation systems using biomass, the study presented estimation of ranges for the environmental and economic performance of different biofuels given by the two 'threshold values' and the 'reference value' between these threshold values. These results might be used by different stakeholders as an information source for future activities regarding the use of biofuels in the transportation sector in Europe. (BA)

  16. Counting the cost: estimating the economic benefit of pedophile treatment programs.

    Science.gov (United States)

    Shanahan, M; Donato, R

    2001-04-01

    The principal objective of this paper is to identify the economic costs and benefits of pedophile treatment programs incorporating both the tangible and intangible cost of sexual abuse to victims. Cost estimates of cognitive behavioral therapy programs in Australian prisons are compared against the tangible and intangible costs to victims of being sexually abused. Estimates are prepared that take into account a number of problematic issues. These include the range of possible recidivism rates for treatment programs; the uncertainty surrounding the number of child sexual molestation offences committed by recidivists; and the methodological problems associated with estimating the intangible costs of sexual abuse on victims. Despite the variation in parameter estimates that impact on the cost-benefit analysis of pedophile treatment programs, it is found that potential range of economic costs from child sexual abuse are substantial and the economic benefits to be derived from appropriate and effective treatment programs are high. Based on a reasonable set of parameter estimates, in-prison, cognitive therapy treatment programs for pedophiles are likely to be of net benefit to society. Despite this, a critical area of future research must include further methodological developments in estimating the quantitative impact of child sexual abuse in the community.

  17. Foreign Direct Investment, Economic Freedom and Economic Performance in Sub-Saharan Africa

    Directory of Open Access Journals (Sweden)

    Kazeem Bello Ajide

    2015-03-01

    Full Text Available The controversies that trailed whether direct impact of Foreign Direct Investment (FDI on growth are conditional on a certain intermediating links or not, has made an inquiry into the likely mediating links in the FDI growth space a recurring subject of discourse.While the importance of institution has prominently featured as playing a vital role on the one hand, economic freedom (a key institutional component has consistently been elected, as a good candidate surrogate on the other hand. It is against this backdrop this study examines the effect of FDI inflow on economic performance in the SSA region giving prominence to economic freedom. The results support the view that economic freedom is germane in influencing the economic-wide performance in the region but have insignificant effects on the different sector performances. It is recommended that economic freedom be given priority in the region and FDI should be attracted to other sectors other than the primary sector, as it is the case.

  18. A statistical test of the stability assumption inherent in empirical estimates of economic depreciation.

    Science.gov (United States)

    Shriver, K A

    1986-01-01

    Realistic estimates of economic depreciation are required for analyses of tax policy, economic growth and production, and national income and wealth. THe purpose of this paper is to examine the stability assumption underlying the econometric derivation of empirical estimates of economic depreciation for industrial machinery and and equipment. The results suggest that a reasonable stability of economic depreciation rates of decline may exist over time. Thus, the assumption of a constant rate of economic depreciation may be a reasonable approximation for further empirical economic analyses.

  19. The odd couple: The relationship between state economic performance and carbon emissions economic intensity

    International Nuclear Information System (INIS)

    Davidsdottir, B.; Fisher, M.

    2011-01-01

    Historical time trends indicate that both carbon and energy intensity have declined in the United States over the last several decades, while economic performance, as measured by per capita GSP, has improved. This observation indicates that it may be possible to reduce carbon intensity without a reduction in economic performance. This paper assesses using panel analysis, the empirical relationship between carbon emissions intensity and economic performance, and examines the direction of causality between the two variables. Data for the analysis covered 48 states, excluding Hawaii, Alaska, and Washington DC, from 1980 to 2000. The results indicate significant bi-directional relationship between carbon emissions intensity and state economic performance, both using an aggregate indicator for carbon emissions intensity, decomposed using Laspeyres indexes and disaggregated by sector. This implies that it should be possible to implement statewide and sector-specific policies to reduce energy and carbon intensity and at the same time improve economic performance. - Highlights: → The empirical relationship between carbon emissions intensity and economic performance is assessed → The direction of causality between the two variables is examined. → Results indicate significant relationship between carbon emissions intensity and state economic performance. → Relationship is bi-directional, and holds for both aggregate analysis and by sector. → It is possible to implement policies to reduce carbon intensity and improve economic performance.

  20. Estimating the Economic Benefits of Regional Ocean Observing Systems

    National Research Council Canada - National Science Library

    Kite-Powell, Hauke L; Colgan, Charles S; Wellman, Katharine F; Pelsoci, Thomas; Wieand, Kenneth; Pendleton, Linwood; Kaiser, Mark J; Pulsipher, Allan G; Luger, Michael

    2005-01-01

    We develop a methodology to estimate the potential economic benefits from new investments in regional coastal ocean observing systems in US waters, and apply this methodology to generate preliminary...

  1. More Health Expenditure, Better Economic Performance? Empirical Evidence From OECD Countries

    Directory of Open Access Journals (Sweden)

    Fuhmei Wang PhD

    2015-08-01

    Full Text Available Recent economic downturns have led many countries to reduce health spending dramatically, with the World Health Organization raising concerns over the effects of this, in particular among the poor and vulnerable. With the provision of appropriate health care, the population of a country could have better health, thus strengthening the nation’s human capital, which could contribute to economic growth through improved productivity. How much should countries spend on health care? This study aims to estimate the optimal health care expenditure in a growing economy. Applying the experiences of countries from the Organization for Economic Co-Operation and Development (OECD over the period 1990 to 2009, this research introduces the method of system generalized method of moments (GMM to derive the design of the estimators of the focal variables. Empirical evidence indicates that when the ratio of health spending to gross domestic product (GDP is less than the optimal level of 7.55%, increases in health spending effectively lead to better economic performance. Above this, more spending does not equate to better care. The real level of health spending in OECD countries is 5.48% of GDP, with a 1.87% economic growth rate. The question which is posed by this study is a pertinent one, especially in the current context of financially constrained health systems around the world. The analytical results of this work will allow policymakers to better allocate scarce resources to achieve their macroeconomic goals.

  2. More Health Expenditure, Better Economic Performance? Empirical Evidence From OECD Countries

    Science.gov (United States)

    Wang, Fuhmei

    2015-01-01

    Recent economic downturns have led many countries to reduce health spending dramatically, with the World Health Organization raising concerns over the effects of this, in particular among the poor and vulnerable. With the provision of appropriate health care, the population of a country could have better health, thus strengthening the nation’s human capital, which could contribute to economic growth through improved productivity. How much should countries spend on health care? This study aims to estimate the optimal health care expenditure in a growing economy. Applying the experiences of countries from the Organization for Economic Co-Operation and Development (OECD) over the period 1990 to 2009, this research introduces the method of system generalized method of moments (GMM) to derive the design of the estimators of the focal variables. Empirical evidence indicates that when the ratio of health spending to gross domestic product (GDP) is less than the optimal level of 7.55%, increases in health spending effectively lead to better economic performance. Above this, more spending does not equate to better care. The real level of health spending in OECD countries is 5.48% of GDP, with a 1.87% economic growth rate. The question which is posed by this study is a pertinent one, especially in the current context of financially constrained health systems around the world. The analytical results of this work will allow policymakers to better allocate scarce resources to achieve their macroeconomic goals. PMID:26310501

  3. Estimates of the Economic Effects of Sea Level Rise

    International Nuclear Information System (INIS)

    Darwin, R.F.; Tol, R.S.J.

    2001-01-01

    Regional estimates of direct cost (DC) are commonly used to measure the economic damages of sea level rise. Such estimates suffer from three limitations: (1) values of threatened endowments are not well known, (2) loss of endowments does not affect consumer prices, and (3) international trade is disregarded. Results in this paper indicate that these limitations can significantly affect economic assessments of sea level rise. Current uncertainty regarding endowment values (as reflected in two alternative data sets), for example, leads to a 17 percent difference in coastal protection, a 36 percent difference in the amount of land protected, and a 36 percent difference in DC globally. Also, global losses in equivalent variation (EV), a welfare measure that accounts for price changes, are 13 percent higher than DC estimates. Regional EV losses may be up to 10 percent lower than regional DC, however, because international trade tends to redistribute losses from regions with relatively high damages to regions with relatively low damages. 43 refs

  4. Estimating the economic impact of seismic activity in Kyrgyzstan

    Science.gov (United States)

    Pittore, Massimiliano; Sousa, Luis; Grant, Damian; Fleming, Kevin; Parolai, Stefano; Free, Matthew; Moldobekov, Bolot; Takeuchi, Ko

    2017-04-01

    Estimating the short and long-term economical impact of large-scale damaging events such as earthquakes, tsunamis or tropical storms is an important component of risk assessment, whose outcomes are routinely used to improve risk awareness, optimize investments in prevention and mitigation actions, as well as to customize insurance and reinsurance rates to specific geographical regions or single countries. Such estimations can be carried out by modeling the whole causal process, from hazard assessment to the estimation of loss for specific categories of assets. This approach allows a precise description of the various physical mechanisms contributing to direct seismic losses. However, it should reflect the underlying epistemic and random uncertainties in all involved components in a meaningful way. Within a project sponsored by the World Bank, a seismic risk study for the Kyrgyz Republic has been conducted, focusing on the assessment of social and economical impacts assessed in terms of direct losses of the residential and public building stocks. Probabilistic estimates based on stochastic event catalogs have been computed and integrated with the simulation of specific earthquake scenarios. Although very few relevant data are available in the region on the economic consequences of past damaging events, the proposed approach sets a benchmark for decision makers and policy holders to better understand the short and long term consequences of earthquakes in the region. The presented results confirm the high level of seismic risk of the Kyrgyz Republic territory, outlining the most affected regions; thus advocating for significant Disaster Risk Reduction (DRR) measures to be implemented by local decision- and policy-makers.

  5. 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.

  6. Viewls - Environmental and economic performance of biofuels. Vol. 1 - Main report

    Energy Technology Data Exchange (ETDEWEB)

    Varela, M.; Lago, C. [CIEMAT (Spain); Jungmeier, G.; Koenighofer, K. [Joanneum Research (Austria)

    2005-04-15

    According to the European Directive 2003/30 'Promotion of the use of biofuels or other renewable fuels for transport' the use of biofuels in the transportation sector should be strongly increased in the next decades in Europe. The purpose of this study was to obtain and present clear data and information to outline environmental and economic performance of different biofuels. Based on a standardised review of the most relevant international studies on transportation systems using biomass, the study presented estimation of ranges for the environmental and economic performance of different biofuels given by the two 'threshold values' and the 'reference value' between these threshold values. These results might be used by different stakeholders as an information source for future activities regarding the use of biofuels in the transportation sector in Europe. (BA)

  7. Economic Return of Clinical Trials Performed Under the Pediatric Exclusivity Program

    Science.gov (United States)

    Li, Jennifer S.; Eisenstein, Eric L.; Grabowski, Henry G.; Reid, Elizabeth D.; Mangum, Barry; Schulman, Kevin A.; Goldsmith, John V.; Murphy, M. Dianne; Califf, Robert M.; Benjamin, Daniel K.

    2009-01-01

    Context In 1997, Congress authorized the Food and Drug Administration (FDA) to grant 6 month extensions of marketing rights through the Pediatric Exclusivity program if industry sponsors complete FDA-requested pediatric trials. The program has been praised for creating incentives for studies in children; it has been criticized as a “windfall” to the innovator drug industry. This critique has been a substantial part of Congressional debate on the program, which is due to sunset in 2007. Objective To quantify the economic return to industry for completing Pediatric Exclusivity. Design Cohort study of programs conducted for Pediatric Exclusivity. We selected 9 drugs that were granted Pediatric Exclusivity. From the final study reports submitted to FDA, we obtained key elements of the clinical trial design and study operations. We estimated the cost of performing each study and converted these into estimates of after-tax cash outflows. We obtained 3-year market sales and converted these into estimates of after-tax cash inflows based upon 6 months of additional market protection. We then calculated the net economic return (cash inflows less outflows) and ratio net return to costs (net economic return divided by cash outflows) for each product. Main Outcome Measures Net economic return and ratio of net return to cost. Results The indications studied reflected a broad representation of the program: asthma, tumors, attention deficit disorder, hypertension, depression/generalized anxiety disorder, diabetes, gastroesophageal reflux, bacterial infection, and bone mineralization. The distribution of net economic return for 6 months of exclusivity varied substantially among products [net return ranged from (−)$8.9 million to (+)$507.9 million; ratio of return to cost ranged from −0.68 to 73.6] Conclusions The economic return for pediatric exclusivity is highly variable. Pediatric Exclusivity, as an incentive to complete much-needed clinical trials in children, can

  8. Corporate sustainability: environmental, social, economic and corporate performance

    Directory of Open Access Journals (Sweden)

    Alena Kocmanová

    2011-01-01

    Full Text Available The article deals with corporate sustainability and environmental and social issues of the integration of corporate performance measurement that may lead to sustainable economic success. Sustainability is a strategy of the process of sustainable development. Sustainability of businesses and sustainable performance can be defined as an integration of environmental, social and economic performance. First and foremost, businesses will want to know what indicators can be used to measure environmental, social and economic performance. What is the mutual relationship between environmental, social and economic performance? How can firms arrive at a comprehensive assessment of their performance in relation to sustainability? The aim of this paper is to analyze corporate environmental, social and economic performance and to analyze their mutual relationships. The final part of the article is an assessment of the contemporary situation and draft Key Performance Indicators (KPI for assessment of corporate sustainability that will be the subject of further research in a selected NACE-CZ sector and in accordance with Corporate Sustainability Reporting. KPI provide businesses with a means of measuring progress toward achieving objectives.

  9. Micro-Economic Estimation On The Demand Function For ...

    African Journals Online (AJOL)

    The article focused on the estimation of the prostitution demand behaviour in Adamawa State. An econometric model was specified based on economic theory and confronted with both primary and secondary data. Ordinary least square multiple regression techniques were adopted and the linear model was chosen as a ...

  10. On the economic benefit of utility based estimation of a volatility model

    OpenAIRE

    Adam Clements; Annastiina Silvennoinen

    2009-01-01

    Forecasts of asset return volatility are necessary for many financial applications, including portfolio allocation. Traditionally, the parameters of econometric models used to generate volatility forecasts are estimated in a statistical setting and subsequently used in an economic setting such as portfolio allocation. Differences in the criteria under which the model is estimated and applied may inhibit reduce the overall economic benefit of a model in the context of portfolio allocation. Thi...

  11. 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.

  12. THE STOCKS ACCOUNTING EVALUATION AND ESTIMATION INFLUENCE ON THE ENTITY PERFORMANCE

    Directory of Open Access Journals (Sweden)

    TULVINSCHI MIHAELA

    2015-12-01

    Full Text Available Improving the performance of a company involves an operative and accurate measurement of the efforts and effects, the efficient use of the company resources and also identifying ways to reduce consumption, a category in which stocks occupy a significant position. The purpose of this article is to demonstrate that the accounting information on stocks can not rely only on the accuracy assessment of past and current events, but must take into account estimations of future events, even if these involve uncertainty and risk taking. Different methods for evaluating stocks at the exit of the entity lead to different results but does not affect the entity performance. Opposed to the evaluation, when we speak about the accounting estimation, there is a significant freedom of action when choosing methods. The economic entity is always in the present, and for this reason it must take into consideration both the evaluation accuracy and the accounting estimations uncertainty. Estimating the net achievable value is influenced by the purpose for which the inventory is held. Accounting estimations are influenced by the judgment which is sometimes subjected to inherent bias, but this bias should not turn into a form of manipulating the entity's performance.

  13. Models of economic geography: dynamics, estimation and policy evaluation

    OpenAIRE

    Knaap, Thijs

    2004-01-01

    In this thesis we look at economic geography models from a number of angles. We started by placing the theory in a context of preceding theories, both earlier work on spatial economics and other children of the monopolistic competition ‘revolution.’ Next, we looked at the theoretical properties of these models, especially when we allow firms to have different demand functions for intermediate goods. We estimated the model using a dataset on US states, and computed a number of counterfactuals....

  14. A study on the estimation of economic consequence of severe accident

    International Nuclear Information System (INIS)

    Hong, Dae Seok; Lee, Kun Jai; Jeong, Jong Tae

    1996-01-01

    A model to estimate economic consequence of severe accident provides some measure of the impact on the accident and enables to know the different effects of the accident described as same terms of cost and combined as necessary. Techniques to assess the consequences of accidents in terms of cost have many applications, for instance in examining countermeasure options, as part of either emergency planning or decision making after an accident. In this study, a model to estimate the accident economic consequence is developed appropriate to our country focused on PWR accident costs from a societal viewpoint. Societal costs are estimated by accounting for losses that directly affect the plant licensee, the public, the nuclear industry, or the electric utility industry after PWR accident

  15. Heterogeneity in Firm Performance During Economic Crisis

    Directory of Open Access Journals (Sweden)

    Sergio Bruni

    2014-06-01

    Full Text Available What happens to firms during periods of deep economic crisis? Did different types of firms perform differently under the economic crisis? With the aid of a rich database and focusing on the literature regarding the growth of firms, this paper investigates the relative profitability performance of Italian firms during the current economic crisis, exploring those factors, which help certain firms to do relatively better even in the slowdown period. Some preliminary results show that the Italian firms that are relatively young in age, with relatively better current liquidity and more focused on domestic market have performed better than other firms. Furthermore, firms operating in high-tech and in highly concentrated sectors have enjoyed a better performance in this period.

  16. Estimating the Direct Economic Damage of the Earthquake in Haiti

    OpenAIRE

    Cavallo, Eduardo; Powell, Andrew; Becerra, Oscar

    2010-01-01

    This paper uses simple regression techniques to make an initial assessment of the monetary damages caused by the January 12, 2010 earthquake that struck Haiti. Damages are estimated for a disaster with both 200,000 and 250,000 total dead and missing (i.e., the range of mortality that the earthquake is estimated to have caused) using Haiti’s economic and demographic data. The base estimate is US$8.1bn for a death toll of 250,000, but for several reasons this may be a lower- bound estimate. An ...

  17. NEW DEVELOPMENTS IN COVERAGE OF ECONOMIC PERFORMANCE

    Directory of Open Access Journals (Sweden)

    Ioan Beudean

    2012-01-01

    Full Text Available The absence of consensus in definition and economic assessment performance does not take as linguistic valences of the concept as such, as the system of diverging interests of its contents. Can be felt in the case of this major economic concept as well as other economic categories, the power influence of different interveners (not necessarily from know better ones, which will determine and impose the dominant message. Current financial capital, created and imposed an obviously own vision about performance that would serve its interests.

  18. Empirical Estimates in Economic and Financial Optimization Problems

    Czech Academy of Sciences Publication Activity Database

    Houda, Michal; Kaňková, Vlasta

    2012-01-01

    Roč. 19, č. 29 (2012), s. 50-69 ISSN 1212-074X R&D Projects: GA ČR GAP402/10/1610; GA ČR GAP402/11/0150; GA ČR GAP402/10/0956 Institutional research plan: CEZ:AV0Z10750506 Keywords : stochastic programming * empirical estimates * moment generating functions * stability * Wasserstein metric * L1-norm * Lipschitz property * consistence * convergence rate * normal distribution * Pareto distribution * Weibull distribution * distribution tails * simulation Subject RIV: BB - Applied Statistics, Operational Research http://library.utia.cas.cz/separaty/2012/E/houda-empirical estimates in economic and financial optimization problems.pdf

  19. Estimated economic impact of vaccinations in 73 low- and middle-income countries, 2001-2020.

    Science.gov (United States)

    Ozawa, Sachiko; Clark, Samantha; Portnoy, Allison; Grewal, Simrun; Stack, Meghan L; Sinha, Anushua; Mirelman, Andrew; Franklin, Heather; Friberg, Ingrid K; Tam, Yvonne; Walker, Neff; Clark, Andrew; Ferrari, Matthew; Suraratdecha, Chutima; Sweet, Steven; Goldie, Sue J; Garske, Tini; Li, Michelle; Hansen, Peter M; Johnson, Hope L; Walker, Damian

    2017-09-01

    To estimate the economic impact likely to be achieved by efforts to vaccinate against 10 vaccine-preventable diseases between 2001 and 2020 in 73 low- and middle-income countries largely supported by Gavi, the Vaccine Alliance. We used health impact models to estimate the economic impact of achieving forecasted coverages for vaccination against Haemophilus influenzae type b, hepatitis B, human papillomavirus, Japanese encephalitis, measles, Neisseria meningitidis serogroup A, rotavirus, rubella, Streptococcus pneumoniae and yellow fever. In comparison with no vaccination, we modelled the costs - expressed in 2010 United States dollars (US$) - of averted treatment, transportation costs, productivity losses of caregivers and productivity losses due to disability and death. We used the value-of-a-life-year method to estimate the broader economic and social value of living longer, in better health, as a result of immunization. We estimated that, in the 73 countries, vaccinations given between 2001 and 2020 will avert over 20 million deaths and save US$ 350 billion in cost of illness. The deaths and disability prevented by vaccinations given during the two decades will result in estimated lifelong productivity gains totalling US$ 330 billion and US$ 9 billion, respectively. Over the lifetimes of the vaccinated cohorts, the same vaccinations will save an estimated US$ 5 billion in treatment costs. The broader economic and social value of these vaccinations is estimated at US$ 820 billion. By preventing significant costs and potentially increasing economic productivity among some of the world's poorest countries, the impact of immunization goes well beyond health.

  20. The economic performance of regions in the Czech Republic

    Directory of Open Access Journals (Sweden)

    Lenka Procházková

    2013-01-01

    Full Text Available Regional development in the Czech Republic contributed to the fact that at present none of the regions is significant backward compared to other. Individual regions have shown among themselves certain differences. This applies in particular to the economic performance of regions. This paper introduce results of our research. Main aim of the work was to indentify economic performace affecting factors of regions NUTS 3 in Czech Republic. It was necessary to define quantity of economic performance to meet this goal. We used them to create method of valuating economic performance of regions. We weighed quantities (e.g. GDP, unemployment rate, net disposable income according to their importance. This procedure was applied to individual regions. We determined the level of economic performance of Czech regions. We present overview of factors and using statistical methods we test their importance to the economic performance of Czech regions.

  1. Economic productivity by age and sex: 2007 estimates for the United States.

    Science.gov (United States)

    Grosse, Scott D; Krueger, Kurt V; Mvundura, Mercy

    2009-07-01

    Human capital estimates of labor productivity are often used to estimate the economic impact of diseases and injuries that cause incapacitation or death. Estimates of average hourly, annual, and lifetime economic productivity, both market and household, were calculated in 2007 US dollars for 5-year age groups for men, women, and both sexes in the United States. Data from the American Time Use Survey were used to estimate hours of paid work and household services and hourly and annual earnings and household productivity. Present values of discounted lifetime earnings were calculated for each age group using the 2004 US life tables and a discount rate of 3% per year and assuming future productivity growth of 1% per year. The estimates of hours and productivity were calculated using the time diaries of 72,922 persons included in the American Time Use Survey for the years 2003 to 2007. The present value of lifetime productivity is approximately $1.2 million in 2007 dollars for children under 5 years of age. For adults in their 20s and 30s, it is approximately $1.6 million and then it declines with increasing age. Productivity estimates are higher for males than for females, more for market productivity than for total productivity. Changes in hours of paid employment and household services can affect economic productivity by age and sex. This is the first publication to include estimates of household services based on contemporary time use data for the US population.

  2. Factors influencing economic performance of the South Moravian Region

    Directory of Open Access Journals (Sweden)

    Iva Živělová

    2011-01-01

    Full Text Available The paper deals with selected factors influencing economic performance of the South Moravian Region in the years 2003–2009. The economic performance of the region is evaluated by means of a contribution to the Gross Domestic Product of the Czech Republic. Considering the fact that the level of economic activity depends on the exploitation rate of production factors in the considered region, both development of soil exploitation rate and development of labour market indicators correlated with working force utilization are analysed, a number of employed adults and registered unemployment are taken into consideration. Attention is paid to the economic activity rate. The formation of the Gross Fixed Capital, which an assumption of favourable economic performance, and development of Gross Added Value are evaluated.All the regions nowadays fumble with the negative impacts of the economic crisis. According to the analysis of the economic performance of the South Moravian Region and the analysis of the factors influencing this performance, it could be stated, that the development of the South Moravian Region could be evaluated quite positively.

  3. [Estimation on the indirect economic burden of disease-related premature deaths in China, 2012].

    Science.gov (United States)

    Yang, Juan; Feng, Luzhao; Zheng, Yaming; Yu, Hongjie

    2014-11-01

    To estimate the indirect economic burden of disease-related premature deaths in China, 2012. Both human capital approach and friction cost methods were used to compute the indirect economic burden of premature deaths from the following sources: mortality from the national disease surveillance system in 2012, average annual income per capita from the China Statistic Yearbook in 2012, population size from the 2010 China census, and life expectancy in China from the World Health Organization life table. Data from the Human Capital Approach Estimates showed that the indirect economic burden of premature deaths in China was 425.1 billion in 2012, accounting for 8‰ of the GDP. The indirect economic burden of chronic non-communicable diseases associated premature deaths was accounted for the highest proportion(67.1%, 295.4 billion), followed by those of injuries related premature deaths (25.6% , 108.9 billion), infectious diseases, maternal and infants diseases, and malnutrition related deaths (6.4% , 26.9 billion). The top five premature deaths that cause the indirect economic burden were malignancy, cardiovascular diseases, unintentional injuries, intentional injuries, and diseases of the respiratory system. The indirect economic burden of premature deaths mainly occurred in the population of 20-59 year-olds. Under the Friction Cost method, the estimates appeared to be 0.11%-3.49% of the total human capital approach estimates. Premature death caused heavy indirect economic burden in China. Chronic non-communicable diseases and injuries seemed to incur the major disease burden. The indirect economic burden of premature deaths mainly occurred in the working age group.

  4. Use of Multiple Data Sources to Estimate the Economic Cost of Dengue Illness in Malaysia

    Science.gov (United States)

    Shepard, Donald S.; Undurraga, Eduardo A.; Lees, Rosemary Susan; Halasa, Yara; Lum, Lucy Chai See; Ng, Chiu Wan

    2012-01-01

    Dengue represents a substantial burden in many tropical and sub-tropical regions of the world. We estimated the economic burden of dengue illness in Malaysia. Information about economic burden is needed for setting health policy priorities, but accurate estimation is difficult because of incomplete data. We overcame this limitation by merging multiple data sources to refine our estimates, including an extensive literature review, discussion with experts, review of data from health and surveillance systems, and implementation of a Delphi process. Because Malaysia has a passive surveillance system, the number of dengue cases is under-reported. Using an adjusted estimate of total dengue cases, we estimated an economic burden of dengue illness of US$56 million (Malaysian Ringgit MYR196 million) per year, which is approximately US$2.03 (Malaysian Ringgit 7.14) per capita. The overall economic burden of dengue would be even higher if we included costs associated with dengue prevention and control, dengue surveillance, and long-term sequelae of dengue. PMID:23033404

  5. Use of multiple data sources to estimate the economic cost of dengue illness in Malaysia.

    Science.gov (United States)

    Shepard, Donald S; Undurraga, Eduardo A; Lees, Rosemary Susan; Halasa, Yara; Lum, Lucy Chai See; Ng, Chiu Wan

    2012-11-01

    Dengue represents a substantial burden in many tropical and sub-tropical regions of the world. We estimated the economic burden of dengue illness in Malaysia. Information about economic burden is needed for setting health policy priorities, but accurate estimation is difficult because of incomplete data. We overcame this limitation by merging multiple data sources to refine our estimates, including an extensive literature review, discussion with experts, review of data from health and surveillance systems, and implementation of a Delphi process. Because Malaysia has a passive surveillance system, the number of dengue cases is under-reported. Using an adjusted estimate of total dengue cases, we estimated an economic burden of dengue illness of US$56 million (Malaysian Ringgit MYR196 million) per year, which is approximately US$2.03 (Malaysian Ringgit 7.14) per capita. The overall economic burden of dengue would be even higher if we included costs associated with dengue prevention and control, dengue surveillance, and long-term sequelae of dengue.

  6. Economic estimation of risk and compensation of damage from accidents in power engineering objects

    International Nuclear Information System (INIS)

    Lesnykh, V.V.

    1996-01-01

    Place and basic peculiarities of the task relative to compensation of damage due to accidents in the problem on technical-economical studies of the power engineering objects, including NPPs, are analyzed. Certain approaches in the task of the risk economical estimates and basic provisions of the economical damage compensation system are presented. Description of imitated and analytical approach in the task of estimating financial state is given and certain study results are presented. 11 refs., 8 figs

  7. Estimating the Cost of Neurosurgical Procedures in a Low-Income Setting: An Observational Economic Analysis.

    Science.gov (United States)

    Abdelgadir, Jihad; Tran, Tu; Muhindo, Alex; Obiga, Doomwin; Mukasa, John; Ssenyonjo, Hussein; Muhumza, Michael; Kiryabwire, Joel; Haglund, Michael M; Sloan, Frank A

    2017-05-01

    There are no data on cost of neurosurgery in low-income and middle-income countries. The objective of this study was to estimate the cost of neurosurgical procedures in a low-resource setting to better inform resource allocation and health sector planning. In this observational economic analysis, microcosting was used to estimate the direct and indirect costs of neurosurgical procedures at Mulago National Referral Hospital (Kampala, Uganda). During the study period, October 2014 to September 2015, 1440 charts were reviewed. Of these patients, 434 had surgery, whereas the other 1006 were treated nonsurgically. Thirteen types of procedures were performed at the hospital. The estimated mean cost of a neurosurgical procedure was $542.14 (standard deviation [SD], $253.62). The mean cost of different procedures ranged from $291 (SD, $101) for burr hole evacuations to $1,221 (SD, $473) for excision of brain tumors. For most surgeries, overhead costs represented the largest proportion of the total cost (29%-41%). This is the first study using primary data to determine the cost of neurosurgery in a low-resource setting. Operating theater capacity is likely the binding constraint on operative volume, and thus, investing in operating theaters should achieve a higher level of efficiency. Findings from this study could be used by stakeholders and policy makers for resource allocation and to perform economic analyses to establish the value of neurosurgery in achieving global health goals. Copyright © 2017 Elsevier Inc. All rights reserved.

  8. The economic costs of radiation-induced health effects: Estimation and simulation

    International Nuclear Information System (INIS)

    Nieves, L.A.; Tawil, J.J.

    1988-08-01

    This effort improves the quantitative information available for use in evaluating actions that alter health risks due to population exposure to ionizing radiation. To project the potential future costs of changes in health effects risks, Pacific Northwest Laboratory (PNL) constructed a probabilistic computer model, Health Effects Costs Model (HECOM), which utilizes the health effect incidence estimates from accident consequences models to calculate the discounted sum of the economic costs associated with population exposure to ionizing radiation. Application of HECOM to value-impact and environmental impact analyses should greatly increase the quality of the information available for regulatory decision making. Three major types of health effects present risks for any population sustaining a significant radiation exposure: acute radiation injuries (and fatalities), latent cancers, and impairments due to genetic effects. The literature pertaining to both incidence and treatment of these health effects was reviewed by PNL and provided the basis for developing economic cost estimates. The economic costs of health effects estimated by HECOM represent both the value of resources consumed in diagnosing, treating, and caring for the patient and the value of goods not produced because of illness or premature death due to the health effect. Additional costs to society, such as pain and suffering, are not included in the PNL economic cost measures since they do not divert resources from other uses, are difficult to quantify, and do not have a value observable in the marketplace. 83 refs., 3 figs., 19 tabs

  9. The economic costs of radiation-induced health effects: Estimation and simulation

    Energy Technology Data Exchange (ETDEWEB)

    Nieves, L.A.; Tawil, J.J.

    1988-08-01

    This effort improves the quantitative information available for use in evaluating actions that alter health risks due to population exposure to ionizing radiation. To project the potential future costs of changes in health effects risks, Pacific Northwest Laboratory (PNL) constructed a probabilistic computer model, Health Effects Costs Model (HECOM), which utilizes the health effect incidence estimates from accident consequences models to calculate the discounted sum of the economic costs associated with population exposure to ionizing radiation. Application of HECOM to value-impact and environmental impact analyses should greatly increase the quality of the information available for regulatory decision making. Three major types of health effects present risks for any population sustaining a significant radiation exposure: acute radiation injuries (and fatalities), latent cancers, and impairments due to genetic effects. The literature pertaining to both incidence and treatment of these health effects was reviewed by PNL and provided the basis for developing economic cost estimates. The economic costs of health effects estimated by HECOM represent both the value of resources consumed in diagnosing, treating, and caring for the patient and the value of goods not produced because of illness or premature death due to the health effect. Additional costs to society, such as pain and suffering, are not included in the PNL economic cost measures since they do not divert resources from other uses, are difficult to quantify, and do not have a value observable in the marketplace. 83 refs., 3 figs., 19 tabs.

  10. Using Copulas in the Estimation of the Economic Project Value in the Mining Industry, Including Geological Variability

    Science.gov (United States)

    Krysa, Zbigniew; Pactwa, Katarzyna; Wozniak, Justyna; Dudek, Michal

    2017-12-01

    Geological variability is one of the main factors that has an influence on the viability of mining investment projects and on the technical risk of geology projects. In the current scenario, analyses of economic viability of new extraction fields have been performed for the KGHM Polska Miedź S.A. underground copper mine at Fore Sudetic Monocline with the assumption of constant averaged content of useful elements. Research presented in this article is aimed at verifying the value of production from copper and silver ore for the same economic background with the use of variable cash flows resulting from the local variability of useful elements. Furthermore, the ore economic model is investigated for a significant difference in model value estimated with the use of linear correlation between useful elements content and the height of mine face, and the approach in which model parameters correlation is based upon the copula best matched information capacity criterion. The use of copula allows the simulation to take into account the multi variable dependencies at the same time, thereby giving a better reflection of the dependency structure, which linear correlation does not take into account. Calculation results of the economic model used for deposit value estimation indicate that the correlation between copper and silver estimated with the use of copula generates higher variation of possible project value, as compared to modelling correlation based upon linear correlation. Average deposit value remains unchanged.

  11. Economic structure and performance of forest-based industries

    International Nuclear Information System (INIS)

    O'Laughlin, J.

    1989-01-01

    This paper reports on the economic structure, conduct, and performance of industries dependent on the nation's forests that are topics of special importance for research. A major challenge to research involving industrial organization of forest-based industries is to link descriptions of structure, conduct, and industrial performance in ways that facilitate public and private policy making. Not to be overlooked is the need to continue efforts to monitor changes in structure and conduct dimensions at the national level and to conduct baseline studies of industry structure-conduct-performance at regional, state, and local levels. Specifically needed is research that will improve understanding of restructuring within the wood-based industry; definitions of the wood-based industry and segments thereof; linkages between structure and regional economic development; timberland as a managerial and economic variable; structural consequences of technological innovations; corporate strategies as related to performance; structural dimensions in an international setting; and structure and performance of nonwood-based forest industries. Economics research focused in such directions will go far toward improving the manner in which the nation's many forest industries organize and conduct their activities

  12. Estimating the Health and Economic Impacts of Changes in Local Air Quality

    Science.gov (United States)

    Carvour, Martha L.; Hughes, Amy E.; Fann, Neal

    2018-01-01

    Objectives. To demonstrate the benefits-mapping software Environmental Benefits Mapping and Analysis Program-Community Edition (BenMAP-CE), which integrates local air quality data with previously published concentration–response and health–economic valuation functions to estimate the health effects of changes in air pollution levels and their economic consequences. Methods. We illustrate a local health impact assessment of ozone changes in the 10-county nonattainment area of the Dallas–Fort Worth region of Texas, estimating the short-term effects on mortality predicted by 2 scenarios for 3 years (2008, 2011, and 2013): an incremental rollback of the daily 8-hour maximum ozone levels of all area monitors by 10 parts per billion and a rollback-to-a-standard ambient level of 65 parts per billion at only monitors above that level. Results. Estimates of preventable premature deaths attributable to ozone air pollution obtained by the incremental rollback method varied little by year, whereas those obtained by the rollback-to-a-standard method varied by year and were sensitive to the choice of ordinality and the use of preloaded or imported data. Conclusions. BenMAP-CE allows local and regional public health analysts to generate timely, evidence-based estimates of the health impacts and economic consequences of potential policy options in their communities. PMID:29698094

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

    Science.gov (United States)

    Fernández-Vázquez, Esteban; Moreno, Blanca

    2017-10-01

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

  14. THE ECONOMIC PERFORMANCE BETWEEN THE PAST, PRESENT AND FUTURE

    Directory of Open Access Journals (Sweden)

    BAKÓ KINGA-ERZSÉBET

    2017-11-01

    Full Text Available Today the economic performance of enterprises is defined in a different way compared to traditional approaches, to understand the modern definitions will need to review the evolution of the concept from the beginnings until nowadays. In the traditional approach the economic performance of the enterprises was defined only by the perspective shareholders’, so the business owners, what is not surprising, as it was considered the source of rewarding investors and the main purpose of the business. Today a company is performing if he responds and at the economic level to the expectations of several stakeholder groups. In this article we review the evolution of these notions and we give a definition based on the modern approaches taking into account and the fact that, we can't discuss economic performance without social performance and environmental performance of an enterprise. In the last resort we aproach system measurement of the performance that meets the expectations generated by today's society.

  15. Environment, energy, and economic performance

    Energy Technology Data Exchange (ETDEWEB)

    Oberndorfer, Ulrich

    2009-09-25

    This thesis analyzes the relationship between environmental regulation as well as energy market developments on the one hand, and economic performance on the other. Due to its economic effects environmental regulation is controversially disputed. The thesis shows, however, that the economic impacts of the recently adopted climate policy in Europe, namely of the implementation of the European Union Emission Trading Scheme, have been modest at most. Consistent with economic theory, the low stringency of this regulatory measure that is aimed at combating man-made climate change is identified as one important driver of this result. Moreover, results presented in this thesis also indicate the important role which the political economy plays for the design of environmental regulation in general. These mechanisms are shown to be a driver of the low stringency and, consequently, of the small economic effects during the first phase of the European Union Emission Trading Scheme. The thesis highlights the role of investment stimulation if the goal of environmental regulation is not only the protection of the environment, but also the compatibility with economic goals. This thesis also provides new insights into the role of energy market developments for the economy. In this respect, the relevance of the EU carbon market for the financial market performance of European electricity generators is shown. Besides, this thesis particularly demonstrates the paramount importance of oil market developments for the economy as a whole. It suggests that amongst all natural resources, oil is the most relevant one to the pricing of Eurozone energy stocks. It is also shown that besides oil prices, oil volatility plays an important role for stock market development. Finally, the thesis highlights the relevance of oil market developments to the overall economy, in showing that unemployment in Germany is strongly affected by oil price shocks. In this respect, it also opposes claims that the

  16. Economic impact of malignant mesothelioma in Italy: an estimate of the public and social costs.

    Science.gov (United States)

    Buresti, Giuliana; Colonna, Fabrizio; Corfiati, Marisa; Valenti, Antonio; Persechino, Benedetta; Marinaccio, Alessandro; Rondinone, Bruna Maria; Iavicoli, Sergio

    2017-10-27

    Despite their considerable interest for public health policies and for occupational disease management and assessment, the economic costs of asbestos-related diseases (ARDs) for society have not been fully estimated or even frequently discussed. The aim of this study was to estimate the economic burden of mesothelioma in Italy by assessing the overall societal cost of the disease, applying an econometric model. We analyzed two main cost groups, public and social. The first includes expenditure borne by the State and other public bodies (medical care costs, insurance, tax and benefits), while the latter uses the human capital approach to measure the loss of productivity suffered by the economy as a whole. We provide an estimate of euro 33,000 per patient for medical care costs and euro 25,000 for insurance and compensation; tax and benefits seem to roughly compensate. We estimated a loss of more than euro 200,000 per patient, in terms of loss of production. This study offers a practical approach for estimating the economic impact of mesothelioma, and provides empirical evidence of the huge economic burden linked to this disease, with its high etiologic fraction.

  17. Estimating costs in the economic evaluation of medical technologies.

    Science.gov (United States)

    Luce, B R; Elixhauser, A

    1990-01-01

    The complexities and nuances of evaluating the costs associated with providing medical technologies are often underestimated by analysts engaged in economic evaluations. This article describes the theoretical underpinnings of cost estimation, emphasizing the importance of accounting for opportunity costs and marginal costs. The various types of costs that should be considered in an analysis are described; a listing of specific cost elements may provide a helpful guide to analysis. The process of identifying and estimating costs is detailed, and practical recommendations for handling the challenges of cost estimation are provided. The roles of sensitivity analysis and discounting are characterized, as are determinants of the types of costs to include in an analysis. Finally, common problems facing the analyst are enumerated with suggestions for managing these problems.

  18. Determinants of economic freedom of the Association of Southeast Asian Nation economic community

    Directory of Open Access Journals (Sweden)

    Karen Debbie C. Magallon

    2016-01-01

    Full Text Available One of the determinants of the well-being of people across the world is economic freedom. It is the freedom to choose the ways to produce, sell, and use your private resources, while respecting rights of the other to practice the same. The primordial intention of the study was to investigate the factors affecting economic freedom in the Association of Southeast Asian Nations (ASEAN Economic Community. Human Development Index (HDI, Corruption Perceptions Index (CPI and GDP per capita are dimensions considered to characterize the level of a country’s economic freedom. Trend performance of AEC in these indexes was also determined. The empirical estimate was based on a panel dataset covering 6 member-countries of the ASEAN Economic Community from 2001 to 2010. The model was estimated through Ordinary Least Squares (OLS multiple linear regression analysis. For the trend performance of the indexes, Singapore found to have a remarkable performance. The empirical result strongly suggests that CPI and GDP per capita foster economic freedom. For every 1% decrease in CPI would lead to an increase in economic freedom index by.121 % and for every 1% increase in GDP per capita, EFI will increase by .019%.

  19. How BenMAP-CE Estimates the Health and Economic Effects of Air Pollution

    Science.gov (United States)

    The BenMAP-CE tool estimates the number and economic value of health impacts resulting from changes in air quality - specifically, ground-level ozone and fine particles. Learn what data BenMAP-CE uses and how the estimates are calculated.

  20. Estimating mortality risk reduction and economic benefits from controlling ozone air pollution

    National Research Council Canada - National Science Library

    Committee on Estimating Mortality Risk Reduction Benefits from Decreasing Tropospheric Ozone Exposure

    2008-01-01

    ... in life expectancy, and to assess methods for estimating the monetary value of the reduced risk of premature death and increased life expectancy in the context of health-benefits analysis. Estimating Mortality Risk Reduction and Economic Benefits from Controlling Ozone Air Pollution details the committee's findings and posits several recommendations to address these issues.

  1. The estimation of economic impacts resulting from the severe accidents of a nuclear power plant

    Energy Technology Data Exchange (ETDEWEB)

    Jeong, Jong Tae; Jung, Won dea

    2001-03-01

    The economic impacts resulting from the severe accidents of a nuclear power plant were estimated for the different combinations of a release parameters and metrorological data. According to the cost estimation for the basic scenarios, the population dependent cost is dominant. The cost for the protective actions such as evacuation and relocation have a small portion in the total cost and show little variation from scenario to scenario. The economic cost estimation for the seasonal scenarios show very similar trend as that for the basic scenarios. There are little or small variation in the economic cost for the different scenarios for each season except for the season-5 scenario. The health effect value shows maximum in Summer and minimum in Fall. On the contrast, the economic cost shows maximum in Fall and minimum in Summer. The result will be used as basic data in the establishment of effective emergency response and in the cost/benefit analysis in developing optimum risk reduction strategies.

  2. The estimation of economic impacts resulting from the severe accidents of a nuclear power plant

    International Nuclear Information System (INIS)

    Jeong, Jong Tae; Jung, Won dea

    2001-03-01

    The economic impacts resulting from the severe accidents of a nuclear power plant were estimated for the different combinations of a release parameters and metrorological data. According to the cost estimation for the basic scenarios, the population dependent cost is dominant. The cost for the protective actions such as evacuation and relocation have a small portion in the total cost and show little variation from scenario to scenario. The economic cost estimation for the seasonal scenarios show very similar trend as that for the basic scenarios. There are little or small variation in the economic cost for the different scenarios for each season except for the season-5 scenario. The health effect value shows maximum in Summer and minimum in Fall. On the contrast, the economic cost shows maximum in Fall and minimum in Summer. The result will be used as basic data in the establishment of effective emergency response and in the cost/benefit analysis in developing optimum risk reduction strategies

  3. THE RELEVANCE OF THE PERFORMANCE INDICATORS IN ECONOMIC AND FINANCIAL DIAGNOSIS

    Directory of Open Access Journals (Sweden)

    MIRELA MONEA

    2011-01-01

    Full Text Available Each company must achieve the objectives to reach performance in order to survive on the market. The paper aims to present the concept of performance as is seen in economic literature, to discuss the relevance of the main performances indicators on economic and financial diagnosis, to answer the question what are the main indicators which reflect economic or financial performances: profit, profitability ratios, economic added value, investments return, liquidity, cash-flows, resources efficiency, productivity, others.

  4. A comprehensive estimation of the economic effects of meteorological services based on the input-output method.

    Science.gov (United States)

    Wu, Xianhua; Wei, Guo; Yang, Lingjuan; Guo, Ji; Lu, Huaguo; Chen, Yunfeng; Sun, Jian

    2014-01-01

    Concentrating on consuming coefficient, partition coefficient, and Leontief inverse matrix, relevant concepts and algorithms are developed for estimating the impact of meteorological services including the associated (indirect, complete) economic effect. Subsequently, quantitative estimations are particularly obtained for the meteorological services in Jiangxi province by utilizing the input-output method. It is found that the economic effects are noticeably rescued by the preventive strategies developed from both the meteorological information and internal relevance (interdependency) in the industrial economic system. Another finding is that the ratio range of input in the complete economic effect on meteorological services is about 1 : 108.27-1 : 183.06, remarkably different from a previous estimation based on the Delphi method (1 : 30-1 : 51). Particularly, economic effects of meteorological services are higher for nontraditional users of manufacturing, wholesale and retail trades, services sector, tourism and culture, and art and lower for traditional users of agriculture, forestry, livestock, fishery, and construction industries.

  5. A Comprehensive Estimation of the Economic Effects of Meteorological Services Based on the Input-Output Method

    Science.gov (United States)

    Wu, Xianhua; Yang, Lingjuan; Guo, Ji; Lu, Huaguo; Chen, Yunfeng; Sun, Jian

    2014-01-01

    Concentrating on consuming coefficient, partition coefficient, and Leontief inverse matrix, relevant concepts and algorithms are developed for estimating the impact of meteorological services including the associated (indirect, complete) economic effect. Subsequently, quantitative estimations are particularly obtained for the meteorological services in Jiangxi province by utilizing the input-output method. It is found that the economic effects are noticeably rescued by the preventive strategies developed from both the meteorological information and internal relevance (interdependency) in the industrial economic system. Another finding is that the ratio range of input in the complete economic effect on meteorological services is about 1 : 108.27–1 : 183.06, remarkably different from a previous estimation based on the Delphi method (1 : 30–1 : 51). Particularly, economic effects of meteorological services are higher for nontraditional users of manufacturing, wholesale and retail trades, services sector, tourism and culture, and art and lower for traditional users of agriculture, forestry, livestock, fishery, and construction industries. PMID:24578666

  6. Method for estimate the economic characteristics of an uranium enrichment plant by gaseous diffusion

    International Nuclear Information System (INIS)

    Berault, J.C.

    1975-01-01

    To estimate the economic characteristics of an uranium enrichment plant by gaseous diffusion is to determine the prospective price of the separative work unit to which leads the concerned technology, and to collect the data allowing to ascertain that this price remains in the area of development of the prices forecasted by the other projects. The prospective price estimated by the promoter is the synthesis of the components of the go decision and which are a potential market and a comprehensive industrially proven plant design, including the basic economic and technical data of the project. Procedures for estimating these components and their synthesis, exclusive of financing problems are reviewed [fr

  7. The Estimated Health and Economic Benefits of Three Decades of Polio Elimination Efforts in India.

    Science.gov (United States)

    Nandi, Arindam; Barter, Devra M; Prinja, Shankar; John, T Jacob

    2016-08-07

    In March 2014, India, the country with historically the highest burden of polio, was declared polio free, with no reported cases since January 2011. We estimate the health and economic benefits of polio elimination in India with the oral polio vaccine (OPV) during 1982-2012. Based on a pre-vaccine incidence rate, we estimate the counterfactual burden of polio in the hypothetical absence of the national polio elimination program in India. We attribute differences in outcomes between the actual (adjusted for under-reporting) and hypothetical counterfactual scenarios in our model to the national polio program. We measure health benefits as averted polio incidence, deaths, and disability adjusted life years (DALYs). We consider two methods to measure economic benefits: the value of statistical life approach, and equating one DALY to the Gross National Income (GNI) per capita. We estimate that the National Program against Polio averted 3.94 million (95% confidence interval [CI]: 3.89-3.99 million) paralytic polio cases, 393,918 polio deaths (95% CI: 388,897- 398,939), and 1.48 billion DALYs (95% CI: 1.46-1.50 billion). We also estimate that the program contributed to a $1.71 trillion (INR 76.91 trillion) gain (95% CI: $1.69-$1.73 trillion [INR 75.93-77.89 trillion]) in economic productivity between 1982 and 2012 in our base case analysis. Using the GNI and DALY method, the economic gain from the program is estimated to be $1.11 trillion (INR 50.13 trillion) (95% CI: $1.10-$1.13 trillion [INR 49.50-50.76 trillion]) over the same period. India accrued large health and economic benefits from investing in polio elimination efforts. Other programs to control/eliminate more vaccine-preventable diseases are likely to contribute to large health and economic benefits in India.

  8. Viewls - WP2. Environmental and economic performance of biofuels. Vol. 2 - Appendices

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2005-04-15

    According to the European Directive 2003/30 'Promotion of the use of biofuels or other renewable fuels for transport' the use of biofuels in the transportation sector should be strongly increased in the next decades in Europe. The purpose of this study was to obtain and present clear data and information to outline environmental and economic performance of different biofuels. Based on a standardised review of the most relevant international studies on transportation systems using biomass, the study presented estimation of ranges for the environmental and economic performance of different biofuels given by the two 'threshold values' and the 'reference value' between these threshold values. These results might be used by different stakeholders as an information source for future activities regarding the use of biofuels in the transportation sector in Europe. This report presents data about the following biofuels: bioethanol, bio-ETBE, biomethanol, bio-MTBE, pure vegetable oil, biodiesel, Fischer-Tropsch diesel, bio-DME, biogas, gaseous biohydrogen, liquid biohydrogen and bio-SNG. (BA)

  9. A study on the relationship of environmental regulations and economic performances

    Science.gov (United States)

    Nisha, Jia; Chen, Shen

    2017-11-01

    This paper analyzes the mechanism transmission of environmental regulation affecting on economic performance from a new perspective. It shows that environmental regulations affect country’s economic performance through direct transmission and indirect transmission. Direct transmission means that environmental regulations affect economic performance from influencing corporation’s cost and revenue, and indirect transmission is that environmental regulations affect economic performance through leading to the increased effort of corporations in improving the quality of environment and building the image of fulfilling environmental responsibility.

  10. real exchange rate misalignment and economic performance in ...

    African Journals Online (AJOL)

    ... effects of real exchange rate misalignment on economic performance in Nigeria. .... main factors that impacts on real exchange rate in India .... financial assets and ignores non-economic factor such as .... and fiscal policies to control inflation.

  11. INVESTMENT FUNDS’ PERFORMANCE AND ECONOMIC GROWTH

    Directory of Open Access Journals (Sweden)

    Apolzan Carmen Maria

    2012-07-01

    Full Text Available In this paper we examine the performance of investment funds during the period 2006-2010, intending to comprise the portfolio performance’s dynamics before, during and after the present economic and financial crises climax. We categorize investment funds according to their investment strategy and geographical focus and distinguish a number of 11 classes. In order to analyze their returns’ dynamics, we create a fund performance index for each category using principal components method. The instability created in financial system in 2007 had a direct impact on institutional investors’ portfolios regardless of investment strategy, effects that have rapidly propagated on real economy. Analyzing index’s dynamics correlated with economic growth we conclude that financial and economic environment react in the same direction, but with a certain time delay, to instability factors. We also underline the major impact of boom and bust evolution of financial markets on real economy, cause of the current economic and financial crises.

  12. Estimating North Dakota's Economic Base

    OpenAIRE

    Coon, Randal C.; Leistritz, F. Larry

    2009-01-01

    North Dakota’s economic base is comprised of those activities producing a product paid for by nonresidents, or products exported from the state. North Dakota’s economic base activities include agriculture, mining, manufacturing, tourism, and federal government payments for construction and to individuals. Development of the North Dakota economic base data is important because it provides the information to quantify the state’s economic growth, and it creates the final demand sectors for the N...

  13. A Comprehensive Estimation of the Economic Effects of Meteorological Services Based on the Input-Output Method

    Directory of Open Access Journals (Sweden)

    Xianhua Wu

    2014-01-01

    Full Text Available Concentrating on consuming coefficient, partition coefficient, and Leontief inverse matrix, relevant concepts and algorithms are developed for estimating the impact of meteorological services including the associated (indirect, complete economic effect. Subsequently, quantitative estimations are particularly obtained for the meteorological services in Jiangxi province by utilizing the input-output method. It is found that the economic effects are noticeably rescued by the preventive strategies developed from both the meteorological information and internal relevance (interdependency in the industrial economic system. Another finding is that the ratio range of input in the complete economic effect on meteorological services is about 1 : 108.27–1 : 183.06, remarkably different from a previous estimation based on the Delphi method (1 : 30–1 : 51. Particularly, economic effects of meteorological services are higher for nontraditional users of manufacturing, wholesale and retail trades, services sector, tourism and culture, and art and lower for traditional users of agriculture, forestry, livestock, fishery, and construction industries.

  14. On estimating the economic value of insectivorous bats: Prospects and priorities for biologists

    Science.gov (United States)

    Boyles, Justin G.; Sole, Catherine L.; Cryan, Paul M.; McCracken, Gary F.

    2013-01-01

    Bats are among the most economically important nondomesticated mammals in the world. They are well-known pollinators and seed dispersers, but crop pest suppression is probably the most valuable ecosystem service provided by bats. Scientific literature and popular media often include reports of crop pests in the diet of bats and anecdotal or extrapolated estimates of how many insects are eaten by bats. However, quantitative estimates of the ecosystem services provided by bats in agricultural systems are rare, and the few estimates that are available are limited to a single cotton-dominated system in Texas. Despite the tremendous value for conservation and economic security of such information, surprisingly few scientific efforts have been dedicated to quantifying the economic value of bats. Here, we outline the types of information needed to better quantify the value of bats in agricultural ecosystems. Because of the complexity of the ecosystems involved, creative experimental design and innovative new methods will help advance our knowledge in this area. Experiments involving bats in agricultural systems may be needed sooner than later, before population declines associated with white-nose syndrome and wind turbines potentially render them impossible.

  15. School Performance: A Matter of Health or Socio-Economic Background? Findings from the PIAMA Birth Cohort Study.

    Directory of Open Access Journals (Sweden)

    Annemarie Ruijsbroek

    Full Text Available Performance in primary school is a determinant of children's educational attainment and their socio-economic position and health inequalities in adulthood. We examined the relationship between five common childhood health conditions (asthma symptoms, eczema, general health, frequent respiratory infections, and overweight, health related school absence and family socio-economic status on children's school performance.We used data from 1,865 children in the Dutch PIAMA birth cohort study. School performance was measured as the teacher's assessment of a suitable secondary school level for the child, and the child's score on a standardized achievement test (Cito Test. Both school performance indicators were standardised using Z-scores. Childhood health was indicated by eczema, asthma symptoms, general health, frequent respiratory infections, overweight, and health related school absence. Children's health conditions were reported repeatedly between the age of one to eleven. School absenteeism was reported at age eleven. Highest attained educational level of the mother and father indicated family socio-economic status. We used linear regression models with heteroskedasticity-robust standard errors for our analyses with adjustment for sex of the child.The health indicators used in our study were not associated with children's school performance, independently from parental educational level, with the exception of asthma symptoms (-0.03 z-score / -0.04 z-score with Cito Test score after adjusting for respectively maternal and paternal education and missing more than 5 schooldays due to illness (-0.18 z-score with Cito Test score and -0.17 z-score with school level assessment after adjustment for paternal education. The effect estimates for these health indicators were much smaller though than the effect estimates for parental education, which was strongly associated with children's school performance.Children's school performance was affected only

  16. School Performance: A Matter of Health or Socio-Economic Background? Findings from the PIAMA Birth Cohort Study.

    Science.gov (United States)

    Ruijsbroek, Annemarie; Wijga, Alet H; Gehring, Ulrike; Kerkhof, Marjan; Droomers, Mariël

    2015-01-01

    Performance in primary school is a determinant of children's educational attainment and their socio-economic position and health inequalities in adulthood. We examined the relationship between five common childhood health conditions (asthma symptoms, eczema, general health, frequent respiratory infections, and overweight), health related school absence and family socio-economic status on children's school performance. We used data from 1,865 children in the Dutch PIAMA birth cohort study. School performance was measured as the teacher's assessment of a suitable secondary school level for the child, and the child's score on a standardized achievement test (Cito Test). Both school performance indicators were standardised using Z-scores. Childhood health was indicated by eczema, asthma symptoms, general health, frequent respiratory infections, overweight, and health related school absence. Children's health conditions were reported repeatedly between the age of one to eleven. School absenteeism was reported at age eleven. Highest attained educational level of the mother and father indicated family socio-economic status. We used linear regression models with heteroskedasticity-robust standard errors for our analyses with adjustment for sex of the child. The health indicators used in our study were not associated with children's school performance, independently from parental educational level, with the exception of asthma symptoms (-0.03 z-score / -0.04 z-score with Cito Test score after adjusting for respectively maternal and paternal education) and missing more than 5 schooldays due to illness (-0.18 z-score with Cito Test score and -0.17 z-score with school level assessment after adjustment for paternal education). The effect estimates for these health indicators were much smaller though than the effect estimates for parental education, which was strongly associated with children's school performance. Children's school performance was affected only slightly by a

  17. Estimating the economic impacts of ecosystem restoration—Methods and case studies

    Science.gov (United States)

    Cullinane Thomas, Catherine; Huber, Christopher; Skrabis, Kristin; Sidon, Joshua

    2016-04-05

    Federal investments in ecosystem restoration projects protect Federal trusts, ensure public health and safety, and preserve and enhance essential ecosystem services. These investments also generate business activity and create jobs. It is important for restoration practitioners to be able to quantify the economic impacts of individual restoration projects in order to communicate the contribution of these activities to local and national stakeholders. This report provides a detailed description of the methods used to estimate economic impacts of case study projects and also provides suggestions, lessons learned, and trade-offs between potential analysis methods.

  18. Ecology and economic estimate of using of the underground excavation space

    International Nuclear Information System (INIS)

    Umnov, V.A.; Tarasov, V.F.; Tret'yakov, I.O.; Sheloumov, A.A.

    1995-01-01

    Stages of ecological and economic estimates of utilizing underground space, including evaluation of underground space resources, selection of its utilization trends and substantiation of optimal parameters for selected trends, are considered. Certain directions of possible repeated utilization of mining excavations are shown, including underground hydropower stations, underground energy storages, underground nuclear stations. Underground waste disposal is one of the most available directions in utilization of the underground space presently. Evaluation of the underground space utilization at all stages envisages complete account of all economical, social and ecological results

  19. The economic and financial performance of Bahrain's Fisheries Sector

    International Nuclear Information System (INIS)

    Abdulqader, E.A.A.

    2007-01-01

    This work is based on an extensive socio-economic survey conducted at all Bahrain landing sites in the period July-November, 2002. Based on boat size and the type of fishing gear used, eight fisheries sectors were determined, these included small boats using wire traps, shrimp trawls, gillnets, hooks and lines and barrier traps. It also included large boats using wire traps, shrimp trawls and gillnets. The economic and financial performances of these sectors were evaluated. The ratio of net catch flow to total earnings was used to measure the economic performance, while the return over investment was used to measure the financial performance. Higher economic returns (except for gillnet and shrimp trawl fisheries) were found in the case of small boats where smaller investments are found. This indicated that an over-fishing condition exists in Bahrain's fisheries, which is clearly found in the case of the shrimp trawl fishery. (author)

  20. Estimation of Continuous Time Models in Economics: an Overview

    OpenAIRE

    Clifford R. Wymer

    2009-01-01

    The dynamics of economic behaviour is often developed in theory as a continuous time system. Rigorous estimation and testing of such systems, and the analysis of some aspects of their properties, is of particular importance in distinguishing between competing hypotheses and the resulting models. The consequences for the international economy during the past eighteen months of failures in the financial sector, and particularly the banking sector, make it essential that the dynamics of financia...

  1. PERFORMANCE TREND” AND “PERFORMANCE CURRENT” RATINGS BY ECONOMIC VALUE ADDED (EVA

    Directory of Open Access Journals (Sweden)

    ALEXANDRU BOGEANU

    2013-08-01

    Full Text Available The Economic Value Added (EVA is an index of “durable development.” It was proposed by the Stern-Stewart Office and represents the true economic profit of companies. A company reports economic profit only if thereported accounting profit is higher than the opportunity cost of equity. The authors of the EVA model (Stern-Stewart have also proposed the ways of restating the financial statements to get a “fair image” of the results, thuseliminating the “accounting distortions.”Based on the performance indexes calculated based on EVA and second-generation indexes relating toEVA, we calculated two types of rating: Rating Performance Current and Rating Performance Trend. The rating iscalculated by means of the percentiles technique and the results are split into 22 rating classes.The used database is Russell 3000.

  2. Economical efficiency estimation of the power system with an accelerator breeder

    International Nuclear Information System (INIS)

    Rublev, O.V.; Komin, A.V.

    1990-01-01

    The review deals with economical indices of nuclear power system with an accelerator breeder producing secondary nuclear fuel. Electric power cost was estimated by the method of discounted cost. Power system with accelerator breeder compares unfavourably with traditional nuclear power systems with respect to its capitalized cost

  3. Estimation of the economic impacts of Three Mile Island nuclear power plant accident

    International Nuclear Information System (INIS)

    Sagara, Aya; Fujimoto, Noboru; Fukuda, Kenji

    1998-01-01

    The Three Mile Island nuclear power plant accident had an immediate negative impact on the economy of the seven-country area which surrounds the plant site. In order to estimate the social effect of the nuclear power plant accident economically, immediate and short term economical impacts on some industrial classification have been evaluated. The economical effect to Metropolitan Edison Co., the circumstantial payment of the insurance and the lawsuit for the compensation for damages, etc. have been estimated at dollar 90 million for the manufacturing and nonmanufacturing industry, dollar 5 million for the tourist industry and dollar 50,000 for agriculture. The total loss for the state and country governments is about dollar 90,000. Metropolitan Edison Co. expended also dollar 111 million for the substitute energy and dollar 760 million for the decontamination cost. Since the lawsuit for the compensation for damages is still continuing, the total impacts cost is calculated more than a billion dollar. (author)

  4. Management of intellectual capital and its influence on personnel economic performance

    Directory of Open Access Journals (Sweden)

    mahmoud Gholami Karin

    2016-02-01

    Full Text Available Studies have shown that, knowledge is an effective source for increasing personnel economic performance. Basically, managers of companies by considering prevailing economic conditions are forced to correct and improve methods of production, marketing, and innovation and ultimately increase economic productivity. One of the main ways to improve economic growth and increase competitive advantage, for factories is the use of creative thinking that it without the recognition and management of intellectual capitals will not be possible. The main objective of present research is to study the influence of intellectual capital components on economic performance of companies working in Saipa Automotive Manufacturing Group. Also determine relation between components of intellectual capital together. Components of intellectual capital (human, structural, and relational capital are independent variables and personnel economic performance is considered as a dependent variable. Multiple regression analysis has used for study the influence of components of intellectual capital on personnel economic performance. For test of relation between components of intellectual capital together, have used Pearson correlation analysis and for test of model has used structural equation modeling. The collected data were analyzed with the SPSS and Lisrel software, and finally the relationship between intellectual capital components were confirmed and it has been determined that relational and structural capital directly and human capital, indirectly, impress personnel economic performance in Saipa Automotive Manufacturing Group.

  5. CORRUPTION, POVERTY AND ECONOMIC PERFORMANCE:EASTERN EUROPEAND CENTRAL ASIA CASE

    Directory of Open Access Journals (Sweden)

    Mustafa Ildırar

    2015-07-01

    Full Text Available Corruption, defined as “the misuse of public power for private benefit.” TheWorld Bank describes corruption as one of the greatest obstacles to economic andsocial development. It undermines development by distortingthe rule of law andweakening the institutional foundation on which economic performance depends.In pastdecades, many theoretical and empirical studies have presented corruptionhinders investment, reduces economicgrowth, restricts trade, distorts governmentexpenditures and strengthens the underground economy. In addition,they haveshown a strong connection between corruption and poverty and incomeinequality. On the other hand,theliterature on corruption points to the conclusionthat corruption by itself does not lead to poverty. Rather,corruption has directconsequences on economic and governance factors, intermediaries that in turn producepoverty. Although corruption is seen inmany countries in the world, it ishigher and widespread in developingcountries. This study investigates relationbetween corruption, poverty, and economic performance by using apanelconsisting of countries in the Eastern Europe and Central Asia countries. It wasshown that corruptionaffected directly economic performance and low economicperformance leads to poverty. Additionally, resultsimply that rules againstcorruption could affect economic growth indirectly through their impact on thelevel ofc orruption.

  6. Maximum likelihood estimation of finite mixture model for economic data

    Science.gov (United States)

    Phoong, Seuk-Yen; Ismail, Mohd Tahir

    2014-06-01

    Finite mixture model is a mixture model with finite-dimension. This models are provides a natural representation of heterogeneity in a finite number of latent classes. In addition, finite mixture models also known as latent class models or unsupervised learning models. Recently, maximum likelihood estimation fitted finite mixture models has greatly drawn statistician's attention. The main reason is because maximum likelihood estimation is a powerful statistical method which provides consistent findings as the sample sizes increases to infinity. Thus, the application of maximum likelihood estimation is used to fit finite mixture model in the present paper in order to explore the relationship between nonlinear economic data. In this paper, a two-component normal mixture model is fitted by maximum likelihood estimation in order to investigate the relationship among stock market price and rubber price for sampled countries. Results described that there is a negative effect among rubber price and stock market price for Malaysia, Thailand, Philippines and Indonesia.

  7. Economic conditions, hypertension, and cardiovascular disease: analysis of the Icelandic economic collapse.

    Science.gov (United States)

    Birgisdóttir, Kristín Helga; Jónsson, Stefán Hrafn; Ásgeirsdóttir, Tinna Laufey

    2017-12-01

    Previous research has found a positive short-term relationship between the 2008 collapse and hypertension in Icelandic males. With Iceland's economy experiencing a phase of economic recovery, an opportunity to pursue a longer-term analysis of the collapse has emerged. Using data from a nationally representative sample, fixed-effect estimations and mediation analyses were performed to explore the relationship between the Icelandic economic collapse in 2008 and the longer-term impact on hypertension and cardiovascular health. A sensitivity analysis was carried out with pooled logit models estimated as well as an alternative dependent variable. Our attrition analysis revealed that results for cardiovascular diseases were affected by attrition, but not results from estimations on the relationship between the economic crisis and hypertension. When compared to the boom year 2007, our results point to an increased probability of Icelandic women having hypertension in the year 2012, when the Icelandic economy had recovered substantially from the economic collapse in 2008. This represents a deviation from pre-crisis trends, thus suggesting a true economic-recovery impact on hypertension.

  8. The relationship between animal welfare and economic performance at farm level

    DEFF Research Database (Denmark)

    Henningsen, Arne; Czekaj, Tomasz Gerard; Forkman, Björn

    We propose a theoretical framework for the relationship between animal welfare and the economic performance of livestock farms. We empirically analyse this relationship based on a unique data set of randomly sampled Danish pig herds that includes information from unannounced inspections of the co......We propose a theoretical framework for the relationship between animal welfare and the economic performance of livestock farms. We empirically analyse this relationship based on a unique data set of randomly sampled Danish pig herds that includes information from unannounced inspections...... of the compliance with the animal welfare legislation. We find large variations in economic performance indicators and animal welfare indicators. The relationship between these two indicators is rather weak, but tends to be slightly positive. We conclude that management has a major influence on both economic...... performance and animal welfare so that good farm managers are able to obey all animal welfare regulations and, at the same time, achieve a high economic performance....

  9. Estimating Renewable Energy Economic Potential in the United States. Methodology and Initial Results

    Energy Technology Data Exchange (ETDEWEB)

    Brown, Austin; Beiter, Philipp; Heimiller, Donna; Davidson, Carolyn; Denholm, Paul; Melius, Jennifer; Lopez, Anthony; Hettinger, Dylan; Mulcahy, David; Porro, Gian

    2016-08-01

    This report describes a geospatial analysis method to estimate the economic potential of several renewable resources available for electricity generation in the United States. Economic potential, one measure of renewable generation potential, may be defined in several ways. For example, one definition might be expected revenues (based on local market prices) minus generation costs, considered over the expected lifetime of the generation asset. Another definition might be generation costs relative to a benchmark (e.g., a natural gas combined cycle plant) using assumptions of fuel prices, capital cost, and plant efficiency. Economic potential in this report is defined as the subset of the available resource technical potential where the cost required to generate the electricity (which determines the minimum revenue requirements for development of the resource) is below the revenue available in terms of displaced energy and displaced capacity. The assessment is conducted at a high geospatial resolution (more than 150,000 technology-specific sites in the continental United States) to capture the significant variation in local resource, costs, and revenue potential. This metric can be a useful screening factor for understanding the economic viability of renewable generation technologies at a specific location. In contrast to many common estimates of renewable energy potential, economic potential does not consider market dynamics, customer demand, or most policy drivers that may incent renewable energy generation.

  10. Estimates of Fermilab Tevatron collider performance

    International Nuclear Information System (INIS)

    Dugan, G.

    1991-09-01

    This paper describes a model which has been used to estimate the average luminosity performance of the Tevatron collider. In the model, the average luminosity is related quantitatively to various performance parameters of the Fermilab Tevatron collider complex. The model is useful in allowing estimates to be developed for the improvements in average collider luminosity to be expected from changes in the fundamental performance parameters as a result of upgrades to various parts of the accelerator complex

  11. Uncertainty in techno-economic estimates of cellulosic ethanol production due to experimental measurement uncertainty

    Directory of Open Access Journals (Sweden)

    Vicari Kristin J

    2012-04-01

    Full Text Available Abstract Background Cost-effective production of lignocellulosic biofuels remains a major financial and technical challenge at the industrial scale. A critical tool in biofuels process development is the techno-economic (TE model, which calculates biofuel production costs using a process model and an economic model. The process model solves mass and energy balances for each unit, and the economic model estimates capital and operating costs from the process model based on economic assumptions. The process model inputs include experimental data on the feedstock composition and intermediate product yields for each unit. These experimental yield data are calculated from primary measurements. Uncertainty in these primary measurements is propagated to the calculated yields, to the process model, and ultimately to the economic model. Thus, outputs of the TE model have a minimum uncertainty associated with the uncertainty in the primary measurements. Results We calculate the uncertainty in the Minimum Ethanol Selling Price (MESP estimate for lignocellulosic ethanol production via a biochemical conversion process: dilute sulfuric acid pretreatment of corn stover followed by enzymatic hydrolysis and co-fermentation of the resulting sugars to ethanol. We perform a sensitivity analysis on the TE model and identify the feedstock composition and conversion yields from three unit operations (xylose from pretreatment, glucose from enzymatic hydrolysis, and ethanol from fermentation as the most important variables. The uncertainty in the pretreatment xylose yield arises from multiple measurements, whereas the glucose and ethanol yields from enzymatic hydrolysis and fermentation, respectively, are dominated by a single measurement: the fraction of insoluble solids (fIS in the biomass slurries. Conclusions We calculate a $0.15/gal uncertainty in MESP from the TE model due to uncertainties in primary measurements. This result sets a lower bound on the error bars of

  12. [Estimation with the capture-recapture method of the number of economic immigrants in Mallorca].

    Science.gov (United States)

    Ramos Monserrat, M; March Cerdá, J C

    2002-05-15

    estimate the number of irregular economic immigrants in Mallorca. We used the capture-recapture method, an indirect method based on contrasts of data from two or more sources. Data were obtained from the Delegación de Gobierno (police and immigration authority), Comisiones Obreras (labor union), and institutions that provide health-related services to immigrants. Individuals were identified by birth date and country of origin. The total number of economic immigrants estimated with this method was 39 392. According to the Delegación de Gobierno data, the number of regular immigrants on the date of our inquiry was 9000. With the capture-recapture method, the number of irregular immigrants in Mallorca was therefore estimated at 30 000. The capture-recapture method can be useful to estimate the population of irregular immigrants in a given area at a given time, if sufficiently precise information on the identity of each individual can be obtained.

  13. Student Performance in Undergraduate Economics Courses

    Science.gov (United States)

    Mumford, Kevin J.; Ohland, Matthew W.

    2011-01-01

    Using undergraduate student records from six large public universities from 1990 to 2003, the authors analyze the characteristics and performance of students by major in two economics courses: Principles of Microeconomics and Intermediate Microeconomics. This article documents important differences across students by major in the principles course…

  14. Determinants of Malaysian and Singaporean Economics Undergraduates' Academic Performance

    OpenAIRE

    Chang Da Wan; Roland K. Cheo

    2012-01-01

    This study examines the determinants of economics undergraduates' academic performance in the top national universities of Singapore and Malaysia: the National University of Singapore (NUS) and the University of Malaya (UM). Using three basic components of economics as the dependent variable, i.e. basic microeconomics, basic macroeconomics and statistics/econometrics, it was found that students' pre-university grade is the most important determinant in undergraduates' performance. However, un...

  15. Techno-economic analysis of a 2.1 kW rooftop photovoltaic-grid-tied system based on actual performance

    International Nuclear Information System (INIS)

    Adaramola, Muyiwa S.

    2015-01-01

    Highlights: • The economic analysis of rooftop PV grid-tied installation is examined. • Based on actual performance, the LCOE of the system is estimated as US$0.246/kW h. • Feed-in-tariff of US$0.356/kW h is estimated with no financial support. • To encourage installation of PV system, financial support of up to 40% of the investment is suggested. - Abstract: As more attention is being focus on the development of renewable energy resources globally, technical and economic assessments of these resources are crucial to ascertain their viability. These assessments can be more meaningful, if they are based on field and actual performance of the renewable energy conversion systems. This study presents the economic analysis of a rooftop 2.07 kW grid-connected photovoltaic energy system installation located in Ås (59.65°N and longitude 10.76°E, and about 105 m above sea level), Norway. Both the annual and monthly costs of energy produced by the system are determined. In addition, the feed-in tariff that can give internal rate of return of about 7.5% on investment on this installation was examined. Based on assumptions used in this study, feed-in-tariff of US$0.356/kW h is estimated for a project with economic life of 25 years with no other financial support. This translates to US$0.110/kW h premium over the levelized cost of energy of US$0.246/kW h generated by the system. However, if the financial support is more than 45% of the initial investment cost, no further premium fee is necessary to support this type of system

  16. Reactor core performance estimating device

    International Nuclear Information System (INIS)

    Tanabe, Akira; Yamamoto, Toru; Shinpuku, Kimihiro; Chuzen, Takuji; Nishide, Fusayo.

    1995-01-01

    The present invention can autonomously simplify a neural net model thereby enabling to conveniently estimate various amounts which represents reactor core performances by a simple calculation in a short period of time. Namely, a reactor core performance estimation device comprises a nerve circuit net which divides the reactor core into a large number of spacial regions, and receives various physical amounts for each region as input signals for input nerve cells and outputs estimation values of each amount representing the reactor core performances as output signals of output nerve cells. In this case, the nerve circuit net (1) has a structure of extended multi-layered model having direct coupling from an upper stream layer to each of downstream layers, (2) has a forgetting constant q in a corrected equation for a joined load value ω using an inverse error propagation method, (3) learns various amounts representing reactor core performances determined using the physical models as teacher signals, (4) determines the joined load value ω decreased as '0' when it is to less than a predetermined value upon learning described above, and (5) eliminates elements of the nerve circuit net having all of the joined load value decreased to 0. As a result, the neural net model comprises an autonomously simplifying means. (I.S.)

  17. Performance and techno-economic assessment of several solid-liquid separation technologies for processing dilute-acid pretreated corn stover.

    Science.gov (United States)

    Sievers, David A; Tao, Ling; Schell, Daniel J

    2014-09-01

    Solid-liquid separation of pretreated lignocellulosic biomass slurries is a critical unit operation employed in several different processes for production of fuels and chemicals. An effective separation process achieves good recovery of solute (sugars) and efficient dewatering of the biomass slurry. Dilute acid pretreated corn stover slurries were subjected to pressure and vacuum filtration and basket centrifugation to evaluate the technical and economic merits of these technologies. Experimental performance results were used to perform detailed process simulations and economic analysis using a 2000 tonne/day biorefinery model to determine differences between the various filtration methods and their process settings. The filtration processes were able to successfully separate pretreated slurries into liquor and solid fractions with estimated sugar recoveries of at least 95% using a cake washing process. A continuous vacuum belt filter produced the most favorable process economics. Copyright © 2014 Elsevier Ltd. All rights reserved.

  18. Estimating the Economic Impacts of Recreation Response to Resource Management Alternatives

    Science.gov (United States)

    Donald B.K. English; J. Michael Bowker; John C. Bergstrom; H. Ken Cordell

    1995-01-01

    Managing forest resources involves tradeoffs and making decisions among resource management alternatives. Some alternatives will lead to changes in the level of recreation visitation and the amount of associated visitor spending. Thus, the alternatives can affect local economies. This paper reports a method that can be used to estimate the economic impacts of such...

  19. Estimation of the economic and health impact of complications of type 2 diabetes mellitus in the autonomous community of Madrid (Spain).

    Science.gov (United States)

    Arrieta, Francisco; Rubio-Terrés, Carlos; Rubio-Rodríguez, Darío; Magaña, Ana; Piñera, Marbella; Iglesias, Pedro; Nogales, Pedro; Calañas, Alfonso; Novella, Blanca; Botella-Carretero, José Ignacio; Debán, Carlos; Zamarrón, Isabel; Mora, Gustavo; Balsa, José Antonio; Vázquez, Clotilde

    2014-04-01

    To estimate the economic and health impact of chronic complications (macrovascular and microvascular) of type 2 diabetes mellitus (T2DM) in the autonomous community of Madrid (Spain) (ACM). The number of expected complications was obtained from a descriptive, cross-sectional study on a cohort of 3,268 patients with T2DM from the ACM. Cost of complications (€, 2012) was assessed both at hospitals and in primary care. The number of medical visits in primary care and drug treatment for complications were collected by a panel of 21 physicians experienced in treatment of T2DM. Population and epidemiological data and healthcare costs were obtained from Spanish sources. Univariate sensitivity analyses were performed. It is estimated that there are 390,944 patients with T2DM in the ACM, and that they experience 172,406 and 212,283 macrovascular and microvascular complications respectively during their lifetimes. Mean cost of T2DM complications per patient is estimated at € 4,121.54 (66% due to macrovascular complications). The economic impact of T2DM complications in the ACM would be € 1,611 million (1,065 and 545 millions from macrovascular and microvascular complications respectively). The economic impact would range from € 1,249 and 2.509 million euro depending on T2DM prevalence. Complications of T2DM have a great health and economic impact in ACM. Copyright © 2013 SEEN. Published by Elsevier Espana. All rights reserved.

  20. Estimating the cost of epilepsy in Europe: a review with economic modeling.

    Science.gov (United States)

    Pugliatti, Maura; Beghi, Ettore; Forsgren, Lars; Ekman, Mattias; Sobocki, Patrik

    2007-12-01

    Based on available epidemiologic, health economic, and international population statistics literature, the cost of epilepsy in Europe was estimated. Europe was defined as the 25 European Union member countries, Iceland, Norway, and Switzerland. Guidelines for epidemiological studies on epilepsy were used for a case definition. A bottom-up prevalence-based cost-of-illness approach, the societal perspective for including the cost items, and the human capital approach as valuation principle for indirect costs were used. The cost estimates were based on selected studies with common methodology and valuation principles. The estimated prevalence of epilepsy in Europe in 2004 was 4.3-7.8 per 1,000. The estimated total cost of the disease in Europe was euro15.5 billion in 2004, indirect cost being the single most dominant cost category (euro8.6 billion). Direct health care costs were euro2.8 billion, outpatient care comprising the largest part (euro1.3 billion). Direct nonmedical cost was euro4.2 billion. That of antiepileptic drugs was euro400 million. The total cost per case was euro2,000-11,500 and the estimated cost per European inhabitant was euro33. Epilepsy is a relevant socioeconomic burden at individual, family, health services, and societal level in Europe. The greater proportion of such burden is outside the formal health care sector, antiepileptic drugs representing a smaller proportion. Lack of economic data from several European countries and other methodological limitations make this report an initial estimate of the cost of epilepsy in Europe. Prospective incidence cost-of-illness studies from well-defined populations and common methodology are encouraged.

  1. Feasibility Study of Economics and Performance of Solar Photovoltaics in the Commonwealth of Puerto Rico

    Energy Technology Data Exchange (ETDEWEB)

    Salasovich, J.; Mosey, G.

    2011-03-01

    This report presents the results of an assessment of the technical and economic feasibility of deploying a photovoltaics (PV) system on brownfield sites in the Commonwealth of Puerto Rico. All of the assessed sites are landfills. The sites were assessed for possible PV installations. The cost, performance, and site impacts of different PV options were estimated. The economics of the potential systems were analyzed using an electric rate of $0.119/kWh and incentives offered by Puerto Rico and by the serving utility, PREPA. According to the site production calculations, the most cost-effective system in terms of return on investment is the thin-film fixed-tilt technology. The report recommends financing options that could assist in the implementation of such a system.

  2. Measuring the economic performance of socially responsible companies

    Directory of Open Access Journals (Sweden)

    Josefina Fernández-Guadaño

    2015-12-01

    Full Text Available The aim of this research is to use different economic variables to establish whether there are differences in economic performance between companies as a result of their inclusion in the sustainability index. This paper presents a one-dimensional exploratory study which compares the socially responsible companies included in the Spanish sustainability index, FTSE4Good Ibex, with the rest of the indices in the IBEX family. Parametric testing was used to study whether there are differences between the two types of companies. The results demonstrate that there are no statistically significant differences in economic performance between the two groups. Morover, it is confirmed that companies with good practices are as profitable as the rest, but it also demonstrates that the economic-financial behaviour is not better as a result of being in the sustainability index. The basic conclusion is that adhering to social and environmental standards does not harm a firm’s competitive position and, therefore, provide support for the development policy of responsible practices so that they become a tool to help improve the resilience of the economy and investor trust.

  3. Self-estimates of attention performance

    Directory of Open Access Journals (Sweden)

    CHRISTOPH MENGELKAMP

    2007-09-01

    Full Text Available In research on self-estimated IQ, gender differences are often found. The present study investigates whether these findings are true for self-estimation of attention, too. A sample of 100 female and 34 male students were asked to fill in the test of attention d2. After taking the test, the students estimated their results in comparison to their fellow students. The results show that the students underestimate their percent rank compared with the actual percent rank they achieved in the test, but estimate their rank order fairly accurately. Moreover, males estimate their performance distinctly higher than females do. This last result remains true even when the real test score is statistically controlled. The results are discussed with regard to research on positive illusions and gender stereotypes.

  4. Estimating Renewable Energy Economic Potential in the United States: Methodology and Initial Results

    Energy Technology Data Exchange (ETDEWEB)

    Brown, Austin [National Renewable Energy Lab. (NREL), Golden, CO (United States); Beiter, Philipp [National Renewable Energy Lab. (NREL), Golden, CO (United States); Heimiller, Donna [National Renewable Energy Lab. (NREL), Golden, CO (United States); Davidson, Carolyn [National Renewable Energy Lab. (NREL), Golden, CO (United States); Denholm, Paul [National Renewable Energy Lab. (NREL), Golden, CO (United States); Melius, Jennifer [National Renewable Energy Lab. (NREL), Golden, CO (United States); Lopez, Anthony [National Renewable Energy Lab. (NREL), Golden, CO (United States); Hettinger, Dylan [National Renewable Energy Lab. (NREL), Golden, CO (United States); Mulcahy, David [National Renewable Energy Lab. (NREL), Golden, CO (United States); Porro, Gian [National Renewable Energy Lab. (NREL), Golden, CO (United States)

    2016-08-01

    The report describes a geospatial analysis method to estimate the economic potential of several renewable resources available for electricity generation in the United States. Economic potential, one measure of renewable generation potential, is defined in this report as the subset of the available resource technical potential where the cost required to generate the electricity (which determines the minimum revenue requirements for development of the resource) is below the revenue available in terms of displaced energy and displaced capacity.

  5. Particulate Matter Exposure and Preterm Birth: Estimates of U.S. Attributable Burden and Economic Costs.

    Science.gov (United States)

    Trasande, Leonardo; Malecha, Patrick; Attina, Teresa M

    2016-12-01

    Preterm birth (PTB) rates (11.4% in 2013) in the United States remain high and are a substantial cause of morbidity. Studies of prenatal exposure have associated particulate matter ≤ 2.5 μm in diameter (PM2.5) and other ambient air pollutants with adverse birth outcomes; yet, to our knowledge, burden and costs of PM2.5-attributable PTB have not been estimated in the United States. We aimed to estimate burden of PTB in the United States and economic costs attributable to PM2.5 exposure in 2010. Annual deciles of PM2.5 were obtained from the U.S. Environmental Protection Agency. We converted PTB odds ratio (OR), identified in a previous meta-analysis (1.15 per 10 μg/m3 for our base case, 1.07-1.16 for low- and high-end scenarios) to relative risk (RRs), to obtain an estimate that better represents the true relative risk. A reference level (RL) of 8.8 μg/m3 was applied. We then used the RR estimates and county-level PTB prevalence to quantify PM2.5-attributable PTB. Direct medical costs were obtained from the 2007 Institute of Medicine report, and lost economic productivity (LEP) was estimated using a meta-analysis of PTB-associated IQ loss, and well-established relationships of IQ loss with LEP. All costs were calculated using 2010 dollars. An estimated 3.32% of PTBs nationally (corresponding to 15,808 PTBs) in 2010 could be attributed to PM2.5 (PM2.5 > 8.8 μg/m3). Attributable PTBs cost were estimated at $5.09 billion [sensitivity analysis (SA): $2.43-9.66 B], of which $760 million were spent for medical care (SA: $362 M-1.44 B). The estimated PM2.5 attributable fraction (AF) of PTB was highest in urban counties, with highest AFs in the Ohio Valley and the southern United States. PM2.5 may contribute substantially to burden and costs of PTB in the United States, and considerable health and economic benefits could be achieved through environmental regulatory interventions that reduce PM2.5 exposure in pregnancy. Citation: Trasande L, Malecha P, Attina TM. 2016

  6. Considerations on the possibility of measuring the economic and financial performance of the economic entity in accordance with corporate governance

    Directory of Open Access Journals (Sweden)

    Mihai C.SAVIN

    2014-04-01

    Full Text Available A system for measuring the economic and financial performance plays an important role in managing a business, because it provides the information necessary for decision making and launching of various actions. Tools and indicators for measurement and evaluation of economic and financial performance measures not only economic and financial performance, they are often integrated with policy, strategy, and many other aspects of behavior. Nowadays, complexity management forces managers to look at economic entities financial and economic performance under different angles either profitability or productivity, especially by creating value for shareholders and interest groups. As witch from one measurement system focused on financial parameters to another is only one aspect of change, have also gone to a new management style, participatory performance. The purpose of performance measurement company is multiple: to identify results that success or failure, to identify whether customer needs are met, to help the entity to understand its processes and to confirm what is known or to reveal what is not known, to identify where there are problems and where improvements are needed.

  7. Estimating the economic effects of cystic echinococcosis: Uruguay, a developing country with upper-middle income.

    Science.gov (United States)

    Torgerson, P R; Carmona, C; Bonifacino, R

    2000-10-01

    Cost-benefit analyses, run before the commencement of a programme to control a parasitic disease, should include estimates of the economic losses attributable to the disease. Uruguay, a middle-income, developing country, has a recent history of persistent problems with cystic echinococcosis, in both its human population and livestock. The economic effects in Uruguay of this disease, caused by the larval stage of the canine tapeworm Echinococcus granulosus, have now been evaluated. Data on the incidence of the disease, in humans and livestock, were used to construct cost estimates. The estimated minimum cost (U.S.$2.9 million/year) was based on the condemnation costs of infected offal together with the actual costs of the hospital treatment of the human cases. The estimate of the maximum cost (U.S.$22.1 million/year) also included the production losses resulting from lower livestock efficiency and the reduced income of individuals with morbidity attributable to the disease.

  8. GDP Structure and Economic Performance in Sub-Saharan Countries

    Directory of Open Access Journals (Sweden)

    Luboš Smutka

    2014-01-01

    Full Text Available Africa belongs to important regions of the world economy with specific problems distinguishing this part of the world from other regions. The region is suffering because of limited economy structure and high level of poverty. Low economic performance ranks most of African countries among the worldwide poorest ones (both from the point of view of total economy performance and also individuals living standards; the development is hindered by political instability and also by other accompanied problems as high level of corruption, deficit of democracy, low level of education, limited investments, criminality, local conflicts, civil wars etc. On the other hand, African natural, economy and social resources and unexploited opportunities in many areas offer a potential for a considerable economic development. Understanding the current economic position of African states thus may reveal causes of problematic development and outline ways to overcome existing shortcomings. The aim of the paper is to analyze main changes in area of GDP structure formation (agricultural, industrial and services sector share in GDP and value performance which have occurred in selected African (Sub-Saharan countries. Changes are analyzed both in relation to the total GDP and GDP per capita. The authors identify main trends of economic development in the Sub-Saharan region and to specify differences among Sub-Saharan countries with the intention to identify particular groups of African countries according to their economic structure and to identify differences in their GDP formation.

  9. SECPOP90: Sector population, land fraction, and economic estimation program

    Energy Technology Data Exchange (ETDEWEB)

    Humphreys, S.L.; Rollstin, J.A.; Ridgely, J.N.

    1997-09-01

    In 1973 Mr. W. Athey of the Environmental Protection Agency wrote a computer program called SECPOP which calculated population estimates. Since that time, two things have changed which suggested the need for updating the original program - more recent population censuses and the widespread use of personal computers (PCs). The revised computer program uses the 1990 and 1992 Population Census information and runs on current PCs as {open_quotes}SECPOP90.{close_quotes} SECPOP90 consists of two parts: site and regional. The site provides population and economic data estimates for any location within the continental United States. Siting analysis is relatively fast running. The regional portion assesses site availability for different siting policy decisions; i.e., the impact of available sites given specific population density criteria within the continental United States. Regional analysis is slow. This report compares the SECPOP90 population estimates and the nuclear power reactor licensee-provided information. Although the source, and therefore the accuracy, of the licensee information is unknown, this comparison suggests SECPOP90 makes reasonable estimates. Given the total uncertainty in any current calculation of severe accidents, including the potential offsite consequences, the uncertainty within SECPOP90 population estimates is expected to be insignificant. 12 refs., 55 figs., 7 tabs.

  10. SECPOP90: Sector population, land fraction, and economic estimation program

    International Nuclear Information System (INIS)

    Humphreys, S.L.; Rollstin, J.A.; Ridgely, J.N.

    1997-09-01

    In 1973 Mr. W. Athey of the Environmental Protection Agency wrote a computer program called SECPOP which calculated population estimates. Since that time, two things have changed which suggested the need for updating the original program - more recent population censuses and the widespread use of personal computers (PCs). The revised computer program uses the 1990 and 1992 Population Census information and runs on current PCs as open-quotes SECPOP90.close quotes SECPOP90 consists of two parts: site and regional. The site provides population and economic data estimates for any location within the continental United States. Siting analysis is relatively fast running. The regional portion assesses site availability for different siting policy decisions; i.e., the impact of available sites given specific population density criteria within the continental United States. Regional analysis is slow. This report compares the SECPOP90 population estimates and the nuclear power reactor licensee-provided information. Although the source, and therefore the accuracy, of the licensee information is unknown, this comparison suggests SECPOP90 makes reasonable estimates. Given the total uncertainty in any current calculation of severe accidents, including the potential offsite consequences, the uncertainty within SECPOP90 population estimates is expected to be insignificant. 12 refs., 55 figs., 7 tabs

  11. Estimation of Relative Economic Weights of Hanwoo Carcass Traits Based on Carcass Market Price

    Science.gov (United States)

    Choy, Yun Ho; Park, Byoung Ho; Choi, Tae Jung; Choi, Jae Gwan; Cho, Kwang Hyun; Lee, Seung Soo; Choi, You Lim; Koh, Kyung Chul; Kim, Hyo Sun

    2012-01-01

    The objective of this study was to estimate economic weights of Hanwoo carcass traits that can be used to build economic selection indexes for selection of seedstocks. Data from carcass measures for determining beef yield and quality grades were collected and provided by the Korean Institute for Animal Products Quality Evaluation (KAPE). Out of 1,556,971 records, 476,430 records collected from 13 abattoirs from 2008 to 2010 after deletion of outlying observations were used to estimate relative economic weights of bid price per kg carcass weight on cold carcass weight (CW), eye muscle area (EMA), backfat thickness (BF) and marbling score (MS) and the phenotypic relationships among component traits. Price of carcass tended to increase linearly as yield grades or quality grades, in marginal or in combination, increased. Partial regression coefficients for MS, EMA, BF, and for CW in original scales were +948.5 won/score, +27.3 won/cm2, −95.2 won/mm and +7.3 won/kg when all three sex categories were taken into account. Among four grade determining traits, relative economic weight of MS was the greatest. Variations in partial regression coefficients by sex categories were great but the trends in relative weights for each carcass measures were similar. Relative economic weights of four traits in integer values when standardized measures were fit into covariance model were +4:+1:−1:+1 for MS:EMA:BF:CW. Further research is required to account for the cost of production per unit carcass weight or per unit production under different economic situations. PMID:25049531

  12. Performance estimates for personnel access control systems

    International Nuclear Information System (INIS)

    Bradley, R.G.

    1980-10-01

    Current performance estimates for personnel access control systems use estimates of Type I and Type II verification errors. A system performance equation which addresses normal operation, the insider, and outside adversary attack is developed. Examination of this equation reveals the inadequacy of classical Type I and II error evaluations which require detailed knowledge of the adversary threat scenario for each specific installation. Consequently, new performance measures which are consistent with the performance equation and independent of the threat are developed as an aid in selecting personnel access control systems

  13. Simplicity: the key to improved safety, performance and economics

    International Nuclear Information System (INIS)

    McCandless, R.J.; Redding, J.R.

    1989-01-01

    In General Electric's Simplified Boiling Water Reactor (SBWR) design every feature, every system, every piece of equipment must justify its existence - or it must go. Each must perform a needed function in the simplest way because simplification is the key to high performance and competitive economics. The SBWR has the potential to become a safe, economical and environmentally sound energy source for the 1990s, GE believes. The distinctive features of the reactor are described. It is illustrated on a wall chart which also gives its main specifications

  14. Economic Estimation of the Losses Caused by Surface Water Pollution Accidents in China From the Perspective of Water Bodies’ Functions

    Science.gov (United States)

    Yao, Hong; You, Zhen; Liu, Bo

    2016-01-01

    The number of surface water pollution accidents (abbreviated as SWPAs) has increased substantially in China in recent years. Estimation of economic losses due to SWPAs has been one of the focuses in China and is mentioned many times in the Environmental Protection Law of China promulgated in 2014. From the perspective of water bodies’ functions, pollution accident damages can be divided into eight types: damage to human health, water supply suspension, fishery, recreational functions, biological diversity, environmental property loss, the accident’s origin and other indirect losses. In the valuation of damage to people’s life, the procedure for compensation of traffic accidents in China was used. The functional replacement cost method was used in economic estimation of the losses due to water supply suspension and loss of water’s recreational functions. Damage to biological diversity was estimated by recovery cost analysis and damage to environmental property losses were calculated using pollutant removal costs. As a case study, using the proposed calculation procedure the economic losses caused by the major Songhuajiang River pollution accident that happened in China in 2005 have been estimated at 2263 billion CNY. The estimated economic losses for real accidents can sometimes be influenced by social and political factors, such as data authenticity and accuracy. Besides, one or more aspects in the method might be overestimated, underrated or even ignored. The proposed procedure may be used by decision makers for the economic estimation of losses in SWPAs. Estimates of the economic losses of pollution accidents could help quantify potential costs associated with increased risk sources along lakes/rivers but more importantly, highlight the value of clean water to society as a whole. PMID:26805869

  15. Economic Estimation of the Losses Caused by Surface Water Pollution Accidents in China From the Perspective of Water Bodies' Functions.

    Science.gov (United States)

    Yao, Hong; You, Zhen; Liu, Bo

    2016-01-22

    The number of surface water pollution accidents (abbreviated as SWPAs) has increased substantially in China in recent years. Estimation of economic losses due to SWPAs has been one of the focuses in China and is mentioned many times in the Environmental Protection Law of China promulgated in 2014. From the perspective of water bodies' functions, pollution accident damages can be divided into eight types: damage to human health, water supply suspension, fishery, recreational functions, biological diversity, environmental property loss, the accident's origin and other indirect losses. In the valuation of damage to people's life, the procedure for compensation of traffic accidents in China was used. The functional replacement cost method was used in economic estimation of the losses due to water supply suspension and loss of water's recreational functions. Damage to biological diversity was estimated by recovery cost analysis and damage to environmental property losses were calculated using pollutant removal costs. As a case study, using the proposed calculation procedure the economic losses caused by the major Songhuajiang River pollution accident that happened in China in 2005 have been estimated at 2263 billion CNY. The estimated economic losses for real accidents can sometimes be influenced by social and political factors, such as data authenticity and accuracy. Besides, one or more aspects in the method might be overestimated, underrated or even ignored. The proposed procedure may be used by decision makers for the economic estimation of losses in SWPAs. Estimates of the economic losses of pollution accidents could help quantify potential costs associated with increased risk sources along lakes/rivers but more importantly, highlight the value of clean water to society as a whole.

  16. Economic Estimation of the Losses Caused by Surface Water Pollution Accidents in China From the Perspective of Water Bodies’ Functions

    Directory of Open Access Journals (Sweden)

    Hong Yao

    2016-01-01

    Full Text Available The number of surface water pollution accidents (abbreviated as SWPAs has increased substantially in China in recent years. Estimation of economic losses due to SWPAs has been one of the focuses in China and is mentioned many times in the Environmental Protection Law of China promulgated in 2014. From the perspective of water bodies’ functions, pollution accident damages can be divided into eight types: damage to human health, water supply suspension, fishery, recreational functions, biological diversity, environmental property loss, the accident’s origin and other indirect losses. In the valuation of damage to people’s life, the procedure for compensation of traffic accidents in China was used. The functional replacement cost method was used in economic estimation of the losses due to water supply suspension and loss of water’s recreational functions. Damage to biological diversity was estimated by recovery cost analysis and damage to environmental property losses were calculated using pollutant removal costs. As a case study, using the proposed calculation procedure the economic losses caused by the major Songhuajiang River pollution accident that happened in China in 2005 have been estimated at 2263 billion CNY. The estimated economic losses for real accidents can sometimes be influenced by social and political factors, such as data authenticity and accuracy. Besides, one or more aspects in the method might be overestimated, underrated or even ignored. The proposed procedure may be used by decision makers for the economic estimation of losses in SWPAs. Estimates of the economic losses of pollution accidents could help quantify potential costs associated with increased risk sources along lakes/rivers but more importantly, highlight the value of clean water to society as a whole.

  17. Estimating Potential GDP for the Romanian Economy and Assessing the Sustainability of Economic Growth: A Multivariate Filter Approach

    Directory of Open Access Journals (Sweden)

    Dan Armeanu

    2015-03-01

    Full Text Available In the current context of economic recovery and rebalancing, the necessity of modelling and estimating the potential output and output gap emerges in order to assess the quality and sustainability of economic growth, the monetary and fiscal policies, as well as the impact of business cycles. Despite the importance of potential GDP and the output gap, there are difficulties in reliably estimating them, as many of the models proposed in the economic literature are calibrated for developed economies and are based on complex macroeconomic relationships and a long history of robust data, while emerging economies exhibit high volatility. The object of this study is to develop a model in order to estimate the potential GDP and output gap and to assess the sustainability of projected growth using a multivariate filter approach. This trend estimation technique is the newest approach proposed by the economic literature and has gained wide acceptance with researchers and practitioners alike, while also being used by the IMF for Romania. The paper will be structured as follows. We first discuss the theoretical background of the model. The second section focuses on an analysis of the Romanian economy for the 1995–2013 time frame, while also providing a forecast for 2014–2017 and an assessment of the sustainability of Romania’s economic growth. The third section sums up the results and concludes.

  18. Performance assessment of hybrid power generation systems: Economic and environmental impacts

    International Nuclear Information System (INIS)

    Al-Sharafi, Abdullah; Yilbas, Bekir S.; Sahin, Ahmet Z.; Ayar, T.

    2017-01-01

    Highlights: • A double-step optimization tool for hybrid power generation systems is introduced. • Economical aspects and the impact of the system on the environment are considered. • A hybrid system comprises PV array-wind turbine-battery-diesel engine is considered. • Real time analysis of the system for full year simulation is carried out. • System optimum configuration at point where total performance index is maximized. - Abstract: This article aims to introduce a double-step performance assessment tool for the hybrid power generation systems. As a case study, a hybrid system comprising PV array, wind-turbine, battery bank and diesel engine is incorporated in hourly based simulations to meet power demand of a residence unit at Dhahran area, Kingdom of Saudi Arabia. Different indicators related to economical and environmental performance assessments of the hybrid system have been considered. In the economic related assessment case, cost of electricity, energy excess percentage, and operating life cycle indicators have been considered and combined to develop the first overall performance index. Renewable contribution, renewable source availability and environmental impact indicators have been considered for the environmental assessment case and they are combined in the second performance index. For either economical or environmental cases, the optimum configuration of the system is achieved by maximizing the first and second overall performance indicators. This innovative optimization tools gives the designer the freedom to assign suitable weights associated with economical aspect, environmental impact, governmental regulations and social impact, for the first and second overall performance indicators, and combine them in the total performance index. The optimum system configuration is at the point where the total performance index is maximized.

  19. Gas storage - Estimation of the economic value

    International Nuclear Information System (INIS)

    1997-05-01

    The main purpose of the project is to investigate the economic benefits of underground gas storage used for seasonal smoothing and a strategical security of supply. The benefits from the storage have to be decided based on the costs of alternative have to be ways of securing the energy supply, including evaluation of: demand-dependent prices on natural gas and other fuels (both domestic and foreign markets); interruptible supply; establishment of extra production and transportation capacity from the North Sea; establishment of new connecting systems to neighbouring countries (i.a. German, Poland, Latvia); establishment for import or production and LNG; contracting of storage capacity abroad (Germany, Czech Republic, Slovakia, Latvia). In order to control the estimated costs of storage of natural gas a comparison with market prices for storage capacity and spot prices of natural gas is carried out. The market prices were estimated through a statistical analysis of seasonal variations in gas prices on the American natural gas market. Due to permanent energy taxes, the energy prices only partially reflect the demand and the price elasticity hence is very small, resulting in a need for e.g. gas storage. One purpose of the project is to investigate this system error and to present alternative suggestions for the tax structure. Additionally, the consequences of differentiating production taxes will be addressed. (EG)

  20. Gas storages - Estimation of the economic value

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-05-01

    The main purpose of the project is to investigate the economic benefits of underground gas storage used for seasonal smoothing and a strategical security of supply. The benefits from the storage have to be decided based on the costs of alternative have to be ways of securing the energy supply, including evaluation of: demand-dependent prices on natural gas and other fuels (both domestic and foreign markets); interruptible supply; establishment of extra production and transportation capacity from the North Sea; establishment of new connecting systems to neighbouring countries (i.a. German, Poland, Latvia); establishment for import or production and LNG; contracting of storage capacity abroad (Germany, Czech Republic, Slovakia, Latvia). In order to control the estimated costs of storage of natural gas a comparison with market prices for storage capacity and spot prices of natural gas is carried out. The market prices were estimated through a statistical analysis of seasonal variations in gas prices on the American natural gas market. Due to permanent energy taxes, the energy prices only partially reflect the demand and the price elasticity hence is very small, resulting in a need for e.g. gas storage. One purpose of the project is to investigate this system error and to present alternative suggestions for the tax structure. Additionally, the consequences of differentiating production taxes will be addressed. (EG)

  1. Estimating the economic impact of tourism industry through the MM approach

    Directory of Open Access Journals (Sweden)

    SOCCI Claudio

    2017-01-01

    Full Text Available Tourism is one of the fastest growing industries in Italy and has proven to be a valuable source of economic prosperity. The main issue emerging when measuring the impact of tourism is that tourism is usually considered as a specific industry while in most applied situations it shows traits of a complex and structured economic activity characterized by a blend of different industries. We will identify the relationship among the various industries making up the complex economic activity usually referred as the “tourism industry”. This is done through the application of the multisectoral analysis to the Italian case. The evaluation of tourism in terms of economic policy is performed through the definition of an index of interaction among industries.

  2. BASEL III: long-term impact on economic performance and fluctuations

    OpenAIRE

    Paolo Angelini; Laurent Clerc; Vasco Cúrdia; Leonardo Gambacorta; Andrea Gerali; Alberto Locarno; Roberto Motto; Werner Roeger; Skander J. van den Heuvel; Jan Vlcek

    2011-01-01

    We assess the long-term economic impact of the new regulatory standards (the Basel III reform), answering the following questions: 1) What is the impact of the reform on longterm economic performance? 2) What is the impact of the reform on economic fluctuations? 3) What is the impact of the adoption of countercyclical capital buffers on economic fluctuations? The main results are the following: 1) Each percentage point increase in the capital ratio causes a median 0.09 percent decline in the ...

  3. Class Attendance and Performance in Principles of Economics

    Science.gov (United States)

    Cohn, Elchanan; Johnson, Eric

    2006-01-01

    A sample of 347 students, enrolled in principles of economics classes during the period 1997-2001, is used to examine the relation between class attendance and student performance on examinations. Among the questions examined are: Is attendance related to performance, with and without controls for other factors? Do only substantial levels of…

  4. Guideline to Estimate Decommissioning Costs

    Energy Technology Data Exchange (ETDEWEB)

    Yun, Taesik; Kim, Younggook; Oh, Jaeyoung [KHNP CRI, Daejeon (Korea, Republic of)

    2016-10-15

    The primary objective of this work is to provide guidelines to estimate the decommissioning cost as well as the stakeholders with plausible information to understand the decommissioning activities in a reasonable manner, which eventually contribute to acquiring the public acceptance for the nuclear power industry. Although several cases of the decommissioning cost estimate have been made for a few commercial nuclear power plants, the different technical, site-specific and economic assumptions used make it difficult to interpret those cost estimates and compare them with that of a relevant plant. Trustworthy cost estimates are crucial to plan a safe and economic decommissioning project. The typical approach is to break down the decommissioning project into a series of discrete and measurable work activities. Although plant specific differences derived from the economic and technical assumptions make a licensee difficult to estimate reliable decommissioning costs, estimating decommissioning costs is the most crucial processes since it encompasses all the spectrum of activities from the planning to the final evaluation on whether a decommissioning project has successfully been preceded from the perspective of safety and economic points. Hence, it is clear that tenacious efforts should be needed to successfully perform the decommissioning project.

  5. Assessing the performance of dynamical trajectory estimates

    Science.gov (United States)

    Bröcker, Jochen

    2014-06-01

    Estimating trajectories and parameters of dynamical systems from observations is a problem frequently encountered in various branches of science; geophysicists for example refer to this problem as data assimilation. Unlike as in estimation problems with exchangeable observations, in data assimilation the observations cannot easily be divided into separate sets for estimation and validation; this creates serious problems, since simply using the same observations for estimation and validation might result in overly optimistic performance assessments. To circumvent this problem, a result is presented which allows us to estimate this optimism, thus allowing for a more realistic performance assessment in data assimilation. The presented approach becomes particularly simple for data assimilation methods employing a linear error feedback (such as synchronization schemes, nudging, incremental 3DVAR and 4DVar, and various Kalman filter approaches). Numerical examples considering a high gain observer confirm the theory.

  6. Mathematical Ability and Socio-Economic Background: IRT Modeling to Estimate Genotype by Environment Interaction.

    Science.gov (United States)

    Schwabe, Inga; Boomsma, Dorret I; van den Berg, Stéphanie M

    2017-12-01

    Genotype by environment interaction in behavioral traits may be assessed by estimating the proportion of variance that is explained by genetic and environmental influences conditional on a measured moderating variable, such as a known environmental exposure. Behavioral traits of interest are often measured by questionnaires and analyzed as sum scores on the items. However, statistical results on genotype by environment interaction based on sum scores can be biased due to the properties of a scale. This article presents a method that makes it possible to analyze the actually observed (phenotypic) item data rather than a sum score by simultaneously estimating the genetic model and an item response theory (IRT) model. In the proposed model, the estimation of genotype by environment interaction is based on an alternative parametrization that is uniquely identified and therefore to be preferred over standard parametrizations. A simulation study shows good performance of our method compared to analyzing sum scores in terms of bias. Next, we analyzed data of 2,110 12-year-old Dutch twin pairs on mathematical ability. Genetic models were evaluated and genetic and environmental variance components estimated as a function of a family's socio-economic status (SES). Results suggested that common environmental influences are less important in creating individual differences in mathematical ability in families with a high SES than in creating individual differences in mathematical ability in twin pairs with a low or average SES.

  7. Economic performances optimization of the transcritical Rankine cycle systems in geothermal application

    International Nuclear Information System (INIS)

    Yang, Min-Hsiung; Yeh, Rong-Hua

    2015-01-01

    Highlights: • The optimal economic performance of the TRC system are investigated. • In economic evaluations, R125 performs the most satisfactorily, followed by R41 and CO 2 . • The TRC system with CO 2 has the largest averaged temperature difference. • Economic optimized pressures are always lower than thermodynamic optimized operating pressures. - Abstract: The aim of this study is to investigate the economic optimization of a TRC system for the application of geothermal energy. An economic parameter of net power output index, which is the ratio of net power output to the total cost, is applied to optimize the TRC system using CO 2 , R41 and R125 as working fluids. The maximum net power output index and the corresponding optimal operating pressures are obtained and evaluated for the TRC system. Furthermore, the analyses of the corresponding averaged temperature differences in the heat exchangers on the optimal economic performances of the TRC system are carried out. The effects of geothermal temperatures on the thermodynamic and economic optimizations are also revealed. In both optimal economic and thermodynamic evaluations, R125 performs the most satisfactorily, followed by R41 and CO 2 in the TRC system. In addition, the TRC system operated with CO 2 has the largest averaged temperature difference in the heat exchangers and thus has potential in future application for lower-temperature heat resources. The highest working pressures obtained from economic optimization are always lower than those from thermodynamic optimization for CO 2 , R41, and R125 in the TRC system

  8. Balancing environmental and economic performance in the food-processing industry

    DEFF Research Database (Denmark)

    Akkerman, Renzo; van Donk, Dirk Pieter

    2010-01-01

    Changing customer requirements, unpredictable disturbances combined with expensive production facilities, are major problems for food processing companies to achieve synergy between the economic and environmental performance. There notably is a lack of tools to support decisions to explore effect...... in exploring the effect of uncertainty in demand and production. As a result, process design can be more robust: both economic and environmental. This position paper explores the problem and the main elements of the proposed scenario-based simulation approach.......Changing customer requirements, unpredictable disturbances combined with expensive production facilities, are major problems for food processing companies to achieve synergy between the economic and environmental performance. There notably is a lack of tools to support decisions to explore effects...

  9. The Role of Culture, Competitiveness and Economic Performance in Explaining Academic Performance: A Global Market Analysis for International Student Segmentation

    Science.gov (United States)

    Baumann, Chris; Hamin

    2011-01-01

    A nation's culture, competitiveness and economic performance explain academic performance. Partial Least Squares (PLS) testing of 2252 students shows culture affects competitiveness and academic performance. Culture and economic performance each explain 32%; competitiveness 36%. The model predicts academic performance when culture, competitiveness…

  10. The impact of socio-economic factors on the performance of ...

    African Journals Online (AJOL)

    The impact of socio-economic factors on the performance of community ... the work ethic and the level of participation in rural development performance ... the factors responsible for the poor performance of community development projects.

  11. How Do Transfer Students Perform in Economics? Evidence from Intermediate Macroeconomics

    Science.gov (United States)

    Asarta, Carlos J.; Fuess, Scott M., Jr.; Perumal, Andrew

    2013-01-01

    For students taking intermediate-level economics, does it matter where they studied principles of economics? Does transferring college credit influence subsequent academic performance in economics? With a sample covering 1999-2008, the authors analyze in this article a group of nearly 1,000 students taking intermediate macroeconomics at a…

  12. An Economic Evaluation of Food Safety Education Interventions: Estimates and Critical Data Gaps.

    Science.gov (United States)

    Zan, Hua; Lambea, Maria; McDowell, Joyce; Scharff, Robert L

    2017-08-01

    The economic evaluation of food safety interventions is an important tool that practitioners and policy makers use to assess the efficacy of their efforts. These evaluations are built on models that are dependent on accurate estimation of numerous input variables. In many cases, however, there is no data available to determine input values and expert opinion is used to generate estimates. This study uses a benefit-cost analysis of the food safety component of the adult Expanded Food and Nutrition Education Program (EFNEP) in Ohio as a vehicle for demonstrating how results based on variable values that are not objectively determined may be sensitive to alternative assumptions. In particular, the focus here is on how reported behavioral change is translated into economic benefits. Current gaps in the literature make it impossible to know with certainty how many people are protected by the education (what are the spillover effects?), the length of time education remains effective, and the level of risk reduction from change in behavior. Based on EFNEP survey data, food safety education led 37.4% of participants to improve their food safety behaviors. Under reasonable default assumptions, benefits from this improvement significantly outweigh costs, yielding a benefit-cost ratio of between 6.2 and 10.0. Incorporation of a sensitivity analysis using alternative estimates yields a greater range of estimates (0.2 to 56.3), which highlights the importance of future research aimed at filling these research gaps. Nevertheless, most reasonable assumptions lead to estimates of benefits that justify their costs.

  13. Growth Performance and Initial Heritability Estimates for Growth Traits in Juvenile Sea Urchin Tripneustes gratilla

    Directory of Open Access Journals (Sweden)

    Ma. Josefa Pante

    2007-06-01

    Full Text Available Genetic improvement of performance traits of maricultured species is becoming an important concern. Improvement of performance traits is important for two reasons: it enhances the growth and survival of the animals and it translates to economic gains to the fish farmer. In the sea urchin, Tripneustes gratilla, growth performance of the different families and heritabilities for wet weight, test diameter and test height were estimated from 1,020 offspring from a mating of each of the 15 males with 1 or 2 females. Measurements were done monthly starting at the grow-out stage or four months after hatching. There were significant family differences for the performance traits in sea urchin reared in tanks at the BML hatchery as revealed by ANOVA. Estimates of heritabilities based on the sire component of variance were low for wet weight (0.027, test diameter (0.033 and zero for test height. Heritabilities estimated from the dam component of variance were low for wet weight (0.063, moderate for test diameter (0.286 and test height (0.227. The results indicate that test diameter and wet weight have lowly heritable traits, which means that mass or individual selection may not be the best method for improving the traits for sea urchin populations in Bolinao. Other methods such as family and combined family selection should be explored.

  14. Performance Agent Groups in the Promotion of Smart Economic Growth

    Directory of Open Access Journals (Sweden)

    Krūzmētra Maiga

    2017-12-01

    Full Text Available Any country is interested in economic growth regardless of its development level in any period; yet an increasingly important role in defining growth is played by the term ‘smart growth’. The EU development strategy until 2020 defines smart growth as a strategic objective. Smart growth does not take place automatically. It is affected both by the condition of the economic, social and natural environments and by subjective factors - the competence of performance agents. The present research distinguished three groups of rural space and regional performance agents: national institutions, local governments and communities of residents of the territories examined by the research. The research summarised the opinions of experts (Latvia n=171; Lithuania n=163 from the south-eastern part of Latvia and the north-eastern part of Lithuania with the purpose of assessing the contribution of the performance agent groups to the promotion of smart economic growth. The research aimed to identify the positive indications of the contribution made by each performance agent group as well as the largest problems affecting the promotion of smart economic growth in each country. Despite the fact that the sample groups were not representative (did not reflect the views of the entire population, the obtained survey data and the results of this analysis provided insight into the performance agents’ action ratings from the bottom-up position and allowed comparing the situations in Latvia and Lithuania. The research has become an urgent task in project No. 5.2.3 “Rural and Regional Development Processes and Opportunities in Latvia in the Context of Knowledge Economy” in National Research Programme 5.2. "Economic Transformation, Smart Growth, Governance and Legal Framework for the State and Society for Sustainable Development - a New Approach to the Creation of a Sustainable Learning Community: EKOSOC-LV”.

  15. DETERMINANTS OF ECONOMIC GROWTH

    OpenAIRE

    Bartosz Totleben

    2013-01-01

    The article is examines the impact of macroeconomic indicators, in particular: human capital, government spending, innovation, political and social stability, on economic growth. In total 12 different indicators describing the economical, political and social conditions are taken into account. The study considers 102 countries between years 1960 and 2012 and two methods of estimation are performed: generalized method of moments (GMM) and fixed effects (FE). The results show the positive impac...

  16. An economic cost analysis of emergency department key performance indicators in Ireland.

    Science.gov (United States)

    Gannon, Brenda; Jones, Cheryl; McCabe, Aileen; O'Sullivan, Ronan; Wakai, Abel

    2017-06-01

    High quality data is fundamental to using key performance indicators (KPIs) for performance monitoring. However, the resources required to collect high quality data are often significant and should usually be targeted at high priority areas. As part of a study of 11 emergency department (ED) KPIs in Ireland, the primary objective of this study was to estimate the relative cost of collecting the additional minimum data set (MDS) elements for those 11 KPIs. An economic cost analysis focused on 12 EDs in the Republic of Ireland. The resource use data were obtained using two separate focus group interviews. The number of available MDS elements was obtained from a sample of 100 patient records per KPI per participating ED. Unit costs for all resource use were taken at the midpoint of the relevant staff salary scales. An ED would need to spend an estimated additional &OV0556;3561 per month on average to capture all the MDS elements relevant to the 11 KPIs investigated. The additional cost ranges from 14.8 to 39.2%; this range is 13.9-32.3% for small EDs, whereas the range for medium EDs is 11.7-40%. Regional EDs have a higher additional estimated cost to capture all the relevant MDS elements (&OV0556;3907), compared with urban EDs (&OV0556;3353). The additional cost of data collection, contingent on that already collected, required to capture all the relevant MDS elements for the KPIs examined, ranges from 14.8 to 39.2% per KPI, with variation identified between regional and urban hospitals.

  17. Challenges when Performing Economic Optimization of Waste Treatment

    DEFF Research Database (Denmark)

    Juul, Nina; Münster, Marie; Ravn, Hans

    2011-01-01

    New investments in waste treatment facilities are needed due to a number of factors including continuously increasing waste amounts, political demands for efficient utilization of the waste resources in terms of recycling or energy production, and decommissioning of existing waste treatment...... facilities due to age and stricter environmental regulation. Optimization models can assist in ensuring that these investment strategies will be economically feasible. Various economic optimization models for waste treatment have been developed which focus on different parameters. Models focusing...... in multi criteria analysis have been developed. A thorough updated review of the existing models is presented and the main challenges and the crucial parameters to take into account when assessing the economic performance of waste treatment alternatives are identified. The review article will assist both...

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

    International Nuclear Information System (INIS)

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

    1997-04-01

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

  19. The Hidden Health and Economic Burden of Rotavirus Gastroenteritis in Malaysia: An Estimation Using Multiple Data Sources.

    Science.gov (United States)

    Loganathan, Tharani; Ng, Chiu-Wan; Lee, Way-Seah; Jit, Mark

    2016-06-01

    Rotavirus gastroenteritis (RVGE) results in substantial mortality and morbidity worldwide. However, an accurate estimation of the health and economic burden of RVGE in Malaysia covering public, private and home treatment is lacking. Data from multiple sources were used to estimate diarrheal mortality and morbidity according to health service utilization. The proportion of this burden attributable to rotavirus was estimated from a community-based study and a meta-analysis we conducted of primary hospital-based studies. Rotavirus incidence was determined by multiplying acute gastroenteritis incidence with estimates of the proportion of gastroenteritis attributable to rotavirus. The economic burden of rotavirus disease was estimated from the health systems and societal perspective. Annually, rotavirus results in 27 deaths, 31,000 hospitalizations, 41,000 outpatient visits and 145,000 episodes of home-treated gastroenteritis in Malaysia. We estimate an annual rotavirus incidence of 1 death per 100,000 children and 12 hospitalizations, 16 outpatient clinic visits and 57 home-treated episodes per 1000 children under-5 years. Annually, RVGE is estimated to cost US$ 34 million to the healthcare provider and US$ 50 million to society. Productivity loss contributes almost a third of costs to society. Publicly, privately and home-treated episodes consist of 52%, 27% and 21%, respectively, of the total societal costs. RVGE represents a considerable health and economic burden in Malaysia. Much of the burden lies in privately or home-treated episodes and is poorly captured in previous studies. This study provides vital information for future evaluation of cost-effectiveness, which are necessary for policy-making regarding universal vaccination.

  20. The Growth Story: Canada's Long-run Economic Performance and Prospects

    OpenAIRE

    Peter J. Nicholson

    2003-01-01

    In this lead article, Peter Nicholson, who until recently served as advisor to the Secretary General at the OECD and is currently serving as policy advisor to the Prime Minister, Paul Martin, discusses the long-run economic performance, prospects in Canada, and policy priorities based on the framework and insights that emerged from the recent study of economic growth released by the OECD. He argues that Canada has performed remarkably well since the mid-1990s, and that by the pro-growth polic...

  1. economic assessment of the performance of private sector ...

    African Journals Online (AJOL)

    Admin

    Economic and Extension, Delta State University, Asaba Campus, Nigeria ... This paper critically attempts to assess the performance of the private sector ... economy would depend to a large extent on the quantity ..... New York, USA: McGraw.

  2. Estimating the economic value and impacts of recreational trails: a case study of the Virginia creeper rail trail

    Science.gov (United States)

    J. Michael Bowker; John C. Bergstrom; Joshua Gill

    2007-01-01

    Many communities are interested in developing and maintaining recreational trails to benefit trail users and as tourist attractions to stimulate economic growth. In this paper, a study is described which estimates the net economic value to trail users and the local economic impacts of the Virginia Creeper Rail Trail in south-western Virginia, USA. The monetary...

  3. Estimates of economic burden of providing inpatient care in childhood rotavirus gastroenteritis from Malaysia.

    Science.gov (United States)

    Lee, Way Seah; Poo, Muhammad Izzuddin; Nagaraj, Shyamala

    2007-12-01

    To estimate the cost of an episode of inpatient care and the economic burden of hospitalisation for childhood rotavirus gastroenteritis (GE) in Malaysia. A 12-month prospective, hospital-based study on children less than 14 years of age with rotavirus GE, admitted to University of Malaya Medical Centre, Kuala Lumpur, was conducted in 2002. Data on human resource expenditure, costs of investigations, treatment and consumables were collected. Published estimates on rotavirus disease incidence in Malaysia were searched. Economic burden of hospital care for rotavirus GE in Malaysia was estimated by multiplying the cost of each episode of hospital admission for rotavirus GE with national rotavirus incidence in Malaysia. In 2002, the per capita health expenditure by Malaysian Government was US$71.47. Rotavirus was positive in 85 (22%) of the 393 patients with acute GE admitted during the study period. The median cost of providing inpatient care for an episode of rotavirus GE was US$211.91 (range US$68.50-880.60). The estimated average cases of children hospitalised for rotavirus GE in Malaysia (1999-2000) was 8571 annually. The financial burden of providing inpatient care for rotavirus GE in Malaysian children was estimated to be US$1.8 million (range US$0.6 million-7.5 million) annually. The cost of providing inpatient care for childhood rotavirus GE in Malaysia was estimated to be US$1.8 million annually. The financial burden of rotavirus disease would be higher if cost of outpatient visits, non-medical and societal costs are included.

  4. Estimating the economic impact of subclinical ketosis in dairy cattle using a dynamic stochastic simulation model.

    Science.gov (United States)

    Mostert, P F; Bokkers, E A M; van Middelaar, C E; Hogeveen, H; de Boer, I J M

    2018-01-01

    The objective of this study was to estimate the economic impact of subclinical ketosis (SCK) in dairy cows. This metabolic disorder occurs in the period around calving and is associated with an increased risk of other diseases. Therefore, SCK affects farm productivity and profitability. Estimating the economic impact of SCK may make farmers more aware of this problem, and can improve their decision-making regarding interventions to reduce SCK. We developed a dynamic stochastic simulation model that enables estimating the economic impact of SCK and related diseases (i.e. mastitis, metritis, displaced abomasum, lameness and clinical ketosis) occurring during the first 30 days after calving. This model, which was applied to a typical Dutch dairy herd, groups cows according to their parity (1 to 5+), and simulates the dynamics of SCK and related diseases, and milk production per cow during one lactation. The economic impact of SCK and related diseases resulted from a reduced milk production, discarded milk, treatment costs, costs from a prolonged calving interval and removal (culling or dying) of cows. The total costs of SCK were €130 per case per year, with a range between €39 and €348 (5 to 95 percentiles). The total costs of SCK per case per year, moreover, increased from €83 per year in parity 1 to €175 in parity 3. Most cows with SCK, however, had SCK only (61%), and costs were €58 per case per year. Total costs of SCK per case per year resulted for 36% from a prolonged calving interval, 24% from reduced milk production, 19% from treatment, 14% from discarded milk and 6% from removal. Results of the sensitivity analysis showed that the disease incidence, removal risk, relations of SCK with other diseases and prices of milk resulted in a high variation of costs of SCK. The costs of SCK, therefore, might differ per farm because of farm-specific circumstances. Improving data collection on the incidence of SCK and related diseases, and on consequences of

  5. Conversion to organic wine production: exploring the economic performance impacts

    OpenAIRE

    Nisén, Pia

    2014-01-01

    This study focuses on understanding the relationship between organic wine production and economic performance. The aim of this study is to clarify, what are the economic impacts that result from the conversion of wine production from conventional to organic. This is an interesting topic to be explored in more detail because despite the increasing demand of organic wine and share of vineyard area used for organic winemaking, the economic consequences of the conversion are still somewhat unclea...

  6. Corporate sustainability and economic performance in small and medium sized enterprises

    OpenAIRE

    Bojnec, Štefan; Simčič, Blaž; Tomšič, Nastja

    2015-01-01

    Various studies have investigated drivers of corporate sustainability, however only a few attempts have been made to link corporate sustainability and economic performance of enterprises by measuring labour productivity in new European Union member states that have transitioned from socialism. This paper analyses the link between corporate sustainability and economic performance, by simultaneously using the following control variables: human capital, the innovation process, leadership, and Eu...

  7. Economics of human performance and systems total ownership cost.

    Science.gov (United States)

    Onkham, Wilawan; Karwowski, Waldemar; Ahram, Tareq Z

    2012-01-01

    Financial costs of investing in people is associated with training, acquisition, recruiting, and resolving human errors have a significant impact on increased total ownership costs. These costs can also affect the exaggerate budgets and delayed schedules. The study of human performance economical assessment in the system acquisition process enhances the visibility of hidden cost drivers which support program management informed decisions. This paper presents the literature review of human total ownership cost (HTOC) and cost impacts on overall system performance. Economic value assessment models such as cost benefit analysis, risk-cost tradeoff analysis, expected value of utility function analysis (EV), growth readiness matrix, multi-attribute utility technique, and multi-regressions model were introduced to reflect the HTOC and human performance-technology tradeoffs in terms of the dollar value. The human total ownership regression model introduces to address the influencing human performance cost component measurement. Results from this study will increase understanding of relevant cost drivers in the system acquisition process over the long term.

  8. Estimating Green Net National Product for Puerto Rico: An Economic Measure of Sustainability

    Science.gov (United States)

    Wu, Shanshan; Heberling, Matthew T.

    2016-04-01

    This paper presents the data sources and methodology used to estimate Green Net National Product (GNNP), an economic metric of sustainability, for Puerto Rico. Using the change in GNNP as a one-sided test of weak sustainability (i.e., positive growth in GNNP is not enough to show the economy is sustainable), we measure the movement away from sustainability by examining the change in GNNP from 1993 to 2009. In order to calculate GNNP, we require both economic and natural capital data, but limited data for Puerto Rico require a number of simplifying assumptions. Based on the environmental challenges faced by Puerto Rico, we include damages from air emissions and solid waste, the storm protection value of mangroves and the value of extracting crushed stone as components in the depreciation of natural capital. Our estimate of GNNP also includes the value of time, which captures the effects of technological progress. The results show that GNNP had an increasing trend over the 17 years studied with two periods of negative growth (2004-2006 and 2007-2008). Our additional analysis suggests that the negative growth in 2004-2006 was possibly due to a temporary economic downturn. However, the negative growth in 2007-2008 was likely from the decline in the value of time, suggesting the island of Puerto Rico was moving away from sustainability during this time.

  9. Estimating Green Net National Product for Puerto Rico: An Economic Measure of Sustainability.

    Science.gov (United States)

    Wu, Shanshan; Heberling, Matthew T

    2016-04-01

    This paper presents the data sources and methodology used to estimate Green Net National Product (GNNP), an economic metric of sustainability, for Puerto Rico. Using the change in GNNP as a one-sided test of weak sustainability (i.e., positive growth in GNNP is not enough to show the economy is sustainable), we measure the movement away from sustainability by examining the change in GNNP from 1993 to 2009. In order to calculate GNNP, we require both economic and natural capital data, but limited data for Puerto Rico require a number of simplifying assumptions. Based on the environmental challenges faced by Puerto Rico, we include damages from air emissions and solid waste, the storm protection value of mangroves and the value of extracting crushed stone as components in the depreciation of natural capital. Our estimate of GNNP also includes the value of time, which captures the effects of technological progress. The results show that GNNP had an increasing trend over the 17 years studied with two periods of negative growth (2004-2006 and 2007-2008). Our additional analysis suggests that the negative growth in 2004-2006 was possibly due to a temporary economic downturn. However, the negative growth in 2007-2008 was likely from the decline in the value of time, suggesting the island of Puerto Rico was moving away from sustainability during this time.

  10. Economic and environmental performance of the food industry

    DEFF Research Database (Denmark)

    Akkerman, Renzo; van Donk, Dirk Pieter

    2007-01-01

    Changing customer requirements, unpredictable disturbances combined with expensive production facilities, are major problems for food processing companies to achieve synergy between the economic and environmental performance. There notably is a lack of tools to support decision to explore effects...

  11. Prospective national and regional environmental performance: Boundary estimations using a combined data envelopment - stochastic frontier analysis approach

    International Nuclear Information System (INIS)

    Vaninsky, Alexander

    2010-01-01

    The environmental performance of regions and largest economies of the world - actually, the efficiency of their energy sectors - is estimated for the period 2010-2030 by using forecasted values of main economic indicators. Two essentially different methodologies, data envelopment analysis and stochastic frontier analysis, are used to obtain upper and lower boundaries of the environmental efficiency index. Greenhouse gas emission per unit of area is used as a resulting indicator, with GDP, energy consumption, and population forming a background of comparable estimations. The dynamics of the upper and lower boundaries and their average is analyzed. Regions and national economies having low level or negative dynamics of environmental efficiency are determined.

  12. REVERSIBLE IMPAIRMENT OF ASSETS AND THE IMPACT ON ECONOMIC PERFORMANCE

    Directory of Open Access Journals (Sweden)

    MIRON VASILE-CRISTIAN-IOACHIM

    2015-03-01

    Full Text Available Economic performance is an essential objective of economic entities activating in the energy sector. The profit and loss account provides relevant information for performance analyzes, but evaluating the factors which determined the modification of the financial result demands detailed analyzes based on specific techniques. This paper develops and implements an econometric model that analyses the relation between gross profit and the reversible impairment of assets. The results of the analysis have shown that, in the energy sector, there is a significant connection between those two variables.

  13. INFORMATION SYSTEM FOR MODELING ECONOMIC AND FINANCIAL PERFORMANCES

    Directory of Open Access Journals (Sweden)

    Boldeanu Dana Maria

    2009-05-01

    Full Text Available The analysis of the most important financial and economic indicators at the level of some organizations from the same sector of activity, the selection of performance ratios and generating a particular analysis model help companies to move from the desire

  14. Estimates of the long-term U.S. economic impacts of global climate change-induced drought.

    Energy Technology Data Exchange (ETDEWEB)

    Ehlen, Mark Andrew; Loose, Verne W.; Warren, Drake E.; Vargas, Vanessa N.

    2010-01-01

    While climate-change models have done a reasonable job of forecasting changes in global climate conditions over the past decades, recent data indicate that actual climate change may be much more severe. To better understand some of the potential economic impacts of these severe climate changes, Sandia economists estimated the impacts to the U.S. economy of climate change-induced impacts to U.S. precipitation over the 2010 to 2050 time period. The economists developed an impact methodology that converts changes in precipitation and water availability to changes in economic activity, and conducted simulations of economic impacts using a large-scale macroeconomic model of the U.S. economy.

  15. Estimation of economic losses due to Peste de Petits Ruminants in small ruminants in India

    Directory of Open Access Journals (Sweden)

    B. Singh

    2014-04-01

    Full Text Available Aim: To develop a simple mathematical model to assess the losses due to peste des petits ruminants (PPR in small ruminants in India. Materials and Methods: The study was based on cases and deaths in goats and sheep due to PPR from the average combined data on ovine/caprine as published by Government of India for the last 5 years (2008-2012. All possible direct and indirect losses due to the disease, viz. mortality losses, losses due to direct reduction in milk/wool yield, losses due to reproduction failure, body weight losses, treatment costs and opportunity costs, were considered to provide estimate of annual economic losses due to PPR in sheep and goats in India. Based on cases and deaths as reported in sample survey studies, the annual economic loss was also estimated. Results: On the basis of data reported by Government of India, the study has shown average annual economic loss of Rs. 167.83 lacs, of which Rs. 125.67 lacs and Rs. 42.16 lacs respectively are due to the incidence of the disease in goats and sheep. Morbidity losses constituted the greater share of the total loss in both goats and sheep (56.99% and 61.34%, respectively. Among different components of morbidity loss, direct body weight loss was the most significant in both goats and sheep. Based on cases and deaths as reported in sample survey studies, the estimated annual economic loss due to PPR in goats and sheep is Rs. 8895.12 crores, of which Rs. 5477.48 and Rs. 3417.64 crores respectively are due to the disease in goats and sheep. Conclusion: The low economic losses as reported based on Government of India data points towards underreporting of cases and deaths due to the disease. The study thus revealed a significant loss due to PPR in small ruminants on a large scale.

  16. Epidemiological and economic burden of Clostridium difficile in the United States: estimates from a modeling approach.

    Science.gov (United States)

    Desai, Kamal; Gupta, Swati B; Dubberke, Erik R; Prabhu, Vimalanand S; Browne, Chantelle; Mast, T Christopher

    2016-06-18

    Despite a large increase in Clostridium difficile infection (CDI) severity, morbidity and mortality in the US since the early 2000s, CDI burden estimates have had limited generalizability and comparability due to widely varying clinical settings, populations, or study designs. A decision-analytic model incorporating key input parameters important in CDI epidemiology was developed to estimate the annual number of initial and recurrent CDI cases, attributable and all-cause deaths, economic burden in the general population, and specific number of high-risk patients in different healthcare settings and the community in the US. Economic burden was calculated adopting a societal perspective using a bottom-up approach that identified healthcare resources consumed in the management of CDI. Annually, a total of 606,058 (439,237 initial and 166,821 recurrent) episodes of CDI were predicted in 2014: 34.3 % arose from community exposure. Over 44,500 CDI-attributable deaths in 2014 were estimated to occur. High-risk susceptible individuals representing 5 % of the total hospital population accounted for 23 % of hospitalized CDI patients. The economic cost of CDI was $5.4 billion ($4.7 billion (86.7 %) in healthcare settings; $725 million (13.3 %) in the community), mostly due to hospitalization. A modeling framework provides more comprehensive and detailed national-level estimates of CDI cases, recurrences, deaths and cost in different patient groups than currently available from separate individual studies. As new treatments for CDI are developed, this model can provide reliable estimates to better focus healthcare resources to those specific age-groups, risk-groups, and care settings in the US where they are most needed. (Trial Identifier ClinicaTrials.gov: NCT01241552).

  17. The estimation of long-run relationship between Serbian and German economic growth

    Directory of Open Access Journals (Sweden)

    Nikolić Ivan

    2016-01-01

    Full Text Available Germany has always had an essential influence on Serbia's economic development. Today, Germany is Europe's economic and political superstar so this is even more pronounced. Hence, the aim of this paper is to explore the fundamental causal relationship between German and Serbian economy. In doing so, after the introductory part, where we emphasized interconnection in terms of investment, foreign trade, employment, new technologies etc., we are extending our study using quarterly 2004q1-2015q2 GDP data of both Serbia and Germany to estimate the Vector Error Correction model (VECM. The results suggest that there is co-integration between Serbia's and Germany's economic growth. The statistically significant negative coefficient on êt-1 indicates that Serbian GDP responds to a temporary disequilibrium between the Germany and Serbia. On the other hand, Germany does not appear to respond to a disequilibrium between the two economies; the t-ratio on êt-1 is statistically insignificant. These results support the idea that economic conditions in Serbia depend on those in Germany incomparably more than conditions in Germany depend on Serbia. Despite a solid long-term impact, there is not short run causality running from GerGDP to SrbGDP.

  18. Estimates of the economic contributions of the bidi manufacturing industry in India.

    Science.gov (United States)

    Nandi, Arindam; Ashok, Ashvin; Guindon, G Emmanuel; Chaloupka, Frank J; Jha, Prabhat

    2015-07-01

    Bidis, the most common smoking tobacco product in India, remain largely untaxed and are subject to very few regulations to discourage their use. A major argument against tax increases is the large potential loss of economic activity and employment in the bidi industry from reduced consumption. We used a nationally representative survey of unorganised bidi manufacturing firms (n=2841) in India to estimate the economic contribution of the industry. We find that of the 35 states and union territories of India, the bidi industry operated across 17 states, with over 95% of its production concentrated in 10 states. Bidi manufacturing firms contributed 0.50% of total sales and 0.6% of the gross value added by the manufacturing economy in 2005-2006. The industry employed approximately 3.4 million full-time workers, which comprise about 0.7% of employment in all sectors. A further 0.7 million were part-time workers. Bidi workers were also among the lowest paid employees in India. The industry offered only 0.09% of all compensation provided in the manufacturing sector (organised and unorganised). Considering the relatively small economic footprint of the bidi industry in India, higher excise taxes and regulations on bidis are unlikely to disrupt economic growth at an aggregate level, or lead to mass unemployment and economic hardship among small bidi workers. On average, the economic annual output per bidi worker is about US$143, which is an order of magnitude smaller than the large economic losses from the several hundred thousand deaths due to bidi smoking per year. Published by the BMJ Publishing Group Limited. For permission to use (where not already granted under a licence) please go to http://group.bmj.com/group/rights-licensing/permissions.

  19. Feasibility Study of Economics and Performance of Solar Photovoltaics at the Refuse Hideaway Landfill in Middleton, Wisconsin

    Energy Technology Data Exchange (ETDEWEB)

    Salasovich, J.; Mosey, G.

    2011-08-01

    This report presents the results of an assessment of the technical and economic feasibility of deploying a photovoltaics (PV) system on a brownfield site at the Refuse Hideaway Landfill in Middleton, Wisconsin. The site currently has a PV system in place and was assessed for further PV installations. The cost, performance, and site impacts of different PV options were estimated. The economics of the potential systems were analyzed using an electric rate of $0.1333/kWh and incentives offered by the State of Wisconsin and by the serving utility, Madison Gas and Electric. According to the site production calculations, the most cost-effective system in terms of return on investment is the thin-film fixed-tilt technology. The report recommends financing options that could assist in the implementation of such a system.

  20. Economic analysis of hydrogen production through a bio-ethanol steam reforming process: Sensitivity analyses and cost estimations

    International Nuclear Information System (INIS)

    Song, Hua; Ozkan, Umit S.

    2010-01-01

    In this study, the hydrogen selling price from ethanol steam reforming has been estimated for two different production scenarios in the United States, i.e. central production (150,000 kg H 2 /day) and distributed (forecourt) production (1500 kg H 2 /day), based on a process flowchart generated by Aspen Plus registered including downstream purification steps and economic analysis model template published by the U.S Department of Energy (DOE). The effect of several processing parameters as well as catalyst properties on the hydrogen selling price has been evaluated. 2.69/kg is estimated as the selling price for a central production process of 150,000 kg H 2 /day and 4.27/kg for a distributed hydrogen production process at a scale of 1500 kg H 2 /day. Among the parameters investigated through sensitivity analyses, ethanol feedstock cost, catalyst cost, and catalytic performance are found to play a significant role on determining the final hydrogen selling price. (author)

  1. The estimated economic burden of genital herpes in the United States. An analysis using two costing approaches

    Directory of Open Access Journals (Sweden)

    Fisman David N

    2001-06-01

    Full Text Available Abstract Background Only limited data exist on the costs of genital herpes (GH in the USA. We estimated the economic burden of GH in the USA using two different costing approaches. Methods The first approach was a cross-sectional survey of a sample of primary and secondary care physicians, analyzing health care resource utilization. The second approach was based on the analysis of a large administrative claims data set. Both approaches were used to generate the number of patients with symptomatic GH seeking medical treatment, the average medical expenditures and estimated national costs. Costs were valued from a societal and a third party payer's perspective in 1996 US dollars. Results In the cross-sectional study, based on an estimated 3.1 million symptomatic episodes per year in the USA, the annual direct medical costs were estimated at a maximum of $984 million. Of these costs, 49.7% were caused by drug expenditures, 47.7% by outpatient medical care and 2.6% by hospital costs. Indirect costs accounted for further $214 million. The analysis of 1,565 GH cases from the claims database yielded a minimum national estimate of $283 million direct medical costs. Conclusions GH appears to be an important public health problem from the health economic point of view. The observed difference in direct medical costs may be explained with the influence of compliance to treatment and possible undersampling of subpopulations in the claims data set. The present study demonstrates the validity of using different approaches in estimating the economic burden of a specific disease to the health care system.

  2. CORRUPTION, POVERTY AND ECONOMIC PERFORMANCE: EASTERN EUROPE AND CENTRAL ASIA CASE

    OpenAIRE

    Ildırar, Mustafa; Iscan, Erhan

    2015-01-01

    Corruption, defined as “the misuse of public power for private benefit.” The World Bank describes corruption as one of the greatest obstacles to economic and social development. It undermines development by distorting the rule of law and weakening the institutional foundation on which economic performance depends. In past decades, many theoretical and empirical studies have presented corruption hinders investment, reduces economic growth, restricts trade, distorts government expenditures and ...

  3. Effect of Economic Vulnerability on Competitive Advantages, Enterprise Performance and Sustainability

    Directory of Open Access Journals (Sweden)

    Abdullah Al Mamun

    2018-04-01

    Full Text Available This study investigated the effect of economic vulnerability upon competitive advantages, performance, and sustainability of micro-enterprises owned and managed by micro-entrepreneurs who participate in varied development initiatives in Peninsular Malaysia. Upon adopting the cross-sectional design, data were randomly collected from selected 300 micro-entrepreneurs from the eKasih program (national poverty data bank located in four states of Peninsular Malaysia. The quantitative data were collected by conducting structured interview sessions with the respondents held from September until November 2017. The findings revealed that the state of economic vulnerability among the respondents had a significantly negative effect on the aspects of competitive advantages, performance, and sustainability among micro-enterprises in Peninsular Malaysia. Despite of the widely acknowledged and empirically examined effects of socioeconomic antecedents upon micro-enterprise performance, the focus on the effect of a more comprehensive measure of socioeconomic condition, that is, economic vulnerability, among low-income households appears to be scant. Hence, the outcomes of this study are able to provide critical insights for development organizations pertaining to development programs and their effectiveness on economically vulnerable, particularly among low-income households in Peninsular Malaysia.

  4. Probabilistic multiobjective wind-thermal economic emission dispatch based on point estimated method

    International Nuclear Information System (INIS)

    Azizipanah-Abarghooee, Rasoul; Niknam, Taher; Roosta, Alireza; Malekpour, Ahmad Reza; Zare, Mohsen

    2012-01-01

    In this paper, wind power generators are being incorporated in the multiobjective economic emission dispatch problem which minimizes wind-thermal electrical energy cost and emissions produced by fossil-fueled power plants, simultaneously. Large integration of wind energy sources necessitates an efficient model to cope with uncertainty arising from random wind variation. Hence, a multiobjective stochastic search algorithm based on 2m point estimated method is implemented to analyze the probabilistic wind-thermal economic emission dispatch problem considering both overestimation and underestimation of available wind power. 2m point estimated method handles the system uncertainties and renders the probability density function of desired variables efficiently. Moreover, a new population-based optimization algorithm called modified teaching-learning algorithm is proposed to determine the set of non-dominated optimal solutions. During the simulation, the set of non-dominated solutions are kept in an external memory (repository). Also, a fuzzy-based clustering technique is implemented to control the size of the repository. In order to select the best compromise solution from the repository, a niching mechanism is utilized such that the population will move toward a smaller search space in the Pareto-optimal front. In order to show the efficiency and feasibility of the proposed framework, three different test systems are represented as case studies. -- Highlights: ► WPGs are being incorporated in the multiobjective economic emission dispatch problem. ► 2m PEM handles the system uncertainties. ► A MTLBO is proposed to determine the set of non-dominated (Pareto) optimal solutions. ► A fuzzy-based clustering technique is implemented to control the size of the repository.

  5. Activity-Based Costing Model for Assessing Economic Performance.

    Science.gov (United States)

    DeHayes, Daniel W.; Lovrinic, Joseph G.

    1994-01-01

    An economic model for evaluating the cost performance of academic and administrative programs in higher education is described. Examples from its application at Indiana University-Purdue University Indianapolis are used to illustrate how the model has been used to control costs and reengineer processes. (Author/MSE)

  6. Estimation of economic impacts of cellulosic biofuel production: a comparative analysis of three biofuel pathways: Economic impacts of biofuel production

    Energy Technology Data Exchange (ETDEWEB)

    Zhang, Yimin; Goldberg, Marshall; Tan, Eric; Meyer, Pimphan A.

    2016-03-07

    The development of a cellulosic biofuel industry utilizing domestic biomass resources is expected to create opportunities for economic growth resulting from the construction and operation of new biorefineries. We applied an economic input-output model to estimate potential economic impacts, particularly gross job growth, resulting from the construction and operation of biorefineries using three different technology pathways: 1) cellulosic ethanol via biochemical conversion in Iowa, 2) renewable diesel blendstock via biological conversion in Georgia, and 3) renewable diesel and gasoline blendstock via fast pyrolysis in Mississippi. Combining direct, indirect, and induced effects, capital investment associated with the construction of a biorefinery processing 2,000 dry metric tons of biomass per day (DMT/day) could yield between 5,960 and 8,470 full-time equivalent (FTE) jobs during the construction period. Fast pyrolysis biorefineries produce the most jobs on a project level thanks to the highest capital requirement among the three pathways. Normalized for one million dollars of capital investment, the fast pyrolysis biorefineries are estimated to yield slighter more jobs (12.1 jobs) than the renewable diesel (11.8 jobs) and the cellulosic ethanol (11.6 jobs) biorefineries. While operating biorefineries is not labor-intensive, the annual operation of a 2,000 DMT/day biorefinery could support between 720 and 970 jobs when the direct, indirect, and induced effects are considered. The major factor, which results in the variations among the three pathways, is the type of biomass feedstock used for biofuels. The agriculture/forest, services, and trade industries are the primary sectors that will benefit from the ongoing operation of biorefineries.

  7. Long-Run Nexus between Tax Revenue on Economic Performance: Empirical Evidence from Malaysia

    OpenAIRE

    Roshaiza Taha; Nanthakumar Loganathan

    2014-01-01

    Taxation is main source of government income and has direct linkages with economic performance for most of countries. This study attempts to investigate the long-run nexus between economic performance and tax revenue for Malaysia as a developing nation with dynamic economic progress for the last 2 decades. To determine the long-run nexus, we used the structural breaks effects with the conjunction of ARDL cointegration analysis along with causality analysis. The empirical finding successfully ...

  8. Analysis of advanced European nuclear fuel cycle scenarios including transmutation and economic estimates

    International Nuclear Information System (INIS)

    Rodríguez, Iván Merino; Álvarez-Velarde, Francisco; Martín-Fuertes, Francisco

    2014-01-01

    Highlights: • Four fuel cycle scenarios have been analyzed in resources and economic terms. • Scenarios involve Once-Through, Pu burning, and MA transmutation strategies. • No restrictions were found in terms of uranium and plutonium availability. • The best case cost and the impact of their uncertainties to the LCOE were analyzed. - Abstract: Four European fuel cycle scenarios involving transmutation options (in coherence with PATEROS and CP-ESFR EU projects) have been addressed from a point of view of resources utilization and economic estimates. Scenarios include: (i) the current fleet using Light Water Reactor (LWR) technology and open fuel cycle, (ii) full replacement of the initial fleet with Fast Reactors (FR) burning U–Pu MOX fuel, (iii) closed fuel cycle with Minor Actinide (MA) transmutation in a fraction of the FR fleet, and (iv) closed fuel cycle with MA transmutation in dedicated Accelerator Driven Systems (ADS). All scenarios consider an intermediate period of GEN-III+ LWR deployment and they extend for 200 years, looking for long term equilibrium mass flow achievement. The simulations were made using the TR E VOL code, capable to assess the management of the nuclear mass streams in the scenario as well as economics for the estimation of the levelized cost of electricity (LCOE) and other costs. Results reveal that all scenarios are feasible according to nuclear resources demand (natural and depleted U, and Pu). Additionally, we have found as expected that the FR scenario reduces considerably the Pu inventory in repositories compared to the reference scenario. The elimination of the LWR MA legacy requires a maximum of 55% fraction (i.e., a peak value of 44 FR units) of the FR fleet dedicated to transmutation (MA in MOX fuel, homogeneous transmutation) or an average of 28 units of ADS plants (i.e., a peak value of 51 ADS units). Regarding the economic analysis, the main usefulness of the provided economic results is for relative comparison of

  9. Sustainable economic growth and exhaustible resources: A model and estimation for the US

    Directory of Open Access Journals (Sweden)

    Almuth Scholl

    2002-01-01

    Full Text Available This paper studies current models on sustainable economic growth with resource constraints and explores to what extent resource constraints can be overcome by substitution and technological change. We also study the problem of intergenerational equity and the different criteria that have been suggested in the literature. The central part of this paper is the presentation of stylized facts on exhaustible resources and an estimation of a basic model with resource constraints for US time series data. The estimated years left until depletion and the empirical trends of the ratios of capital stock and consumption to resources seem to indicate that there might be a threat to sustainable growth in the future. In our estimation, we obtain parameter values, which help to interpret the extent to which growth with exhaustible resources is sustainable.

  10. Estimating the health and economic benefits associated with reducing air pollution in the Barcelona metropolitan area (Spain).

    Science.gov (United States)

    Pérez, Laura; Sunyer, Jordi; Künzli, Nino

    2009-01-01

    To estimate the health and economic benefits that would result from two scenarios of improved air quality in 57 municipalities of the metropolitan area of Barcelona. We used attributable fractions and life tables to quantify the benefits for selected health outcomes, based on published concentration-response functions and economic unit values. The mean weighted concentration of PM(10) for the study population was estimated through concentration surface maps developed by the local government. The annual mean health benefits of reducing the mean PM(10) exposure estimated for the population in the study area (50microg/m(3)) to the annual mean value recommended by the World Health Organization (20microg/m(3)) were estimated to be 3,500 fewer deaths (representing an average increase in life expectancy of 14 months), 1,800 fewer hospitalizations for cardio-respiratory diseases, 5,100 fewer cases of chronic bronchitis among adults, 31,100 fewer cases of acute bronchitis among children, and 54,000 fewer asthma attacks among children and adults. The mean total monetary benefits were estimated to be 6,400 million euros per year. Reducing PM(10) to comply with the current European Union regulatory annual mean level (40microg/m(3)) would yield approximately one third of these benefits. This study shows that reducing air pollution in the metropolitan area of Barcelona would result in substantial health and economic benefits. The benefits are probably underestimated due to the assumptions made in this study. Assessment of the health impact of local air pollution is a useful tool in public health.

  11. Performances Of Estimators Of Linear Models With Autocorrelated ...

    African Journals Online (AJOL)

    The performances of five estimators of linear models with Autocorrelated error terms are compared when the independent variable is autoregressive. The results reveal that the properties of the estimators when the sample size is finite is quite similar to the properties of the estimators when the sample size is infinite although ...

  12. Truth Behind Economic Performance, Natural Resources and Attracting Foreign Direct Investment

    Directory of Open Access Journals (Sweden)

    Arthelo P. Palma

    2016-10-01

    Full Text Available Using a preliminary investigation and analysis on the latest data on GDP (Gross Domestic Product performance, GOI (Global Opportunity Index, Vulnerability Score, Readiness Score, and the number of resources of economic importance, exploratory or preliminary SEM (structural equation modelling was prompted on the recent available data of the 131 countries (n=131. The model was robust, addressing concerns about multivariate assumptions and other measures on the goodness of fit. It was found that the number of natural resources of economic importance plays a large role in the GDP performance. Thus, the preliminary symptom of Dutch disease continues to manifest for as long as each country aims for development, with their resources as ultimate enticing factors for foreign direct investment (FDI. In addition, economic growth is so far observed to be associated with the vulnerability of the country to climate change. Finally, economic growth was found to be linked to the negative impacts argued by the dependency theory. Implication on governance was discussed.

  13. Nation-State Size, Ethnic Diversity and Economic Performance in the Advanced Capitalist Countries

    DEFF Research Database (Denmark)

    Patsiurkoa, Natalka; Campbell, John L.; Hall, John A.

    2013-01-01

    This paper examines the proposition that the economic performance of advanced capitalist countries depends on their size and ethnic composition. As such it blends insights from two important literatures in comparative political economy. One is exemplified by the work of Peter Katzenstein, who wrote...... the classic treatise on the relationship between nation-state size and economic performance. Another is illustrated by the work of Ernest Gellner, whose work suggested that economic performance depends on the ethnic composition of the nation-state. The argument is tested on pooled data from 30 advanced...... capitalist countries for the 1985 through 2007 period. Regression analysis confirms that ethnically homogenous countries tend to have stronger rates of economic growth during this period than ethnically heterogeneous countries but that neither the size of countries nor the interaction of size and ethnic...

  14. The estimation economic impacts from severe accidents of a nuclear power plant

    International Nuclear Information System (INIS)

    Jeong, J. T.; Jeong, W. D.

    2001-01-01

    The severe accidents of a nuclear power plant may cause health effects in the exposed population and societal economic impacts or costs. Techniques to assess the consequences of an accident in terms of cost may be applied in studies on the design of plant safety features and in examining countermeasure options as part of emergency planning or in decision making after an accident. In this study, the costs resulting from the severe accidents of a nuclear power plant were estimated for the different combinations of source term release parameters and meteorological data. Also, the costs were estimated for the different scenarios considering seasonal characteristics of Korea. The results can be used as essential inputs in costs/benefit analysis and in developing optimum risk reduction strategies

  15. Generality in nanotechnologies and its relationship to economic performance

    Science.gov (United States)

    Gomez Baquero, Fernando

    In the history if economic analysis there is perhaps no more important question than the one of how economic development is achieved. For more than a century, economists have explored the role of technology in economic growth but there is still much to be learned about the effect that technologies, in particular emerging ones, have on economic growth and productivity. The objective of this research is to understand the relationship between nanotechnologies and economic growth and productivity, using the theory of General Purpose Technology (GPT)-driven economic growth. To do so, the Generality Index (calculated from patent data) was used to understand the relative pervasiveness of nanotechnologies. The analysis of trends and patterns of Generality Index, using the largest group of patents since the publication of the NBER Patent Database, indicates that nanotechnologies possess a higher average Generality than other technological groups. Next, the relationship between the Generality Index and Total Factor Productivity (TFP) was studied using econometric analysis. Model estimates indicate that the variation in Generality for the group of nanotechnologies can explain a large proportion of the variation in TFP. However, the explanatory power of the entire set of patents (not just nanotechnologies) is larger and corresponds better to the expected theoretical models. Additionally, there is a negative short-run relationship between Generality and TFP, conflicting with part of the theoretical GPT-models. Finally, the relationship between the Generality of nanotechnologies and policy-driven investment events, such as R&D investments and grant awards, was studied using econometric methods. The statistical evidence suggests that NSF awards are related to technologies with higher Generality, while NIH awards and NNI investments are related to a lower average Generality. Overall, results of this research work indicate that the introduction of pervasive technologies into an

  16. Performance and economic effects of partially replacing soybean ...

    African Journals Online (AJOL)

    The performance and economic effects of replacing soybean meal with palm kernel cake (PKC) in broiler diet was investigated in other to determine the optimal level of inclusion for maximum production in broilers. A total of 120 broiler chicks were randomly distributed into four treatment groups of 30 birds each.

  17. Economic evaluation of the integrated SMART desalination plant

    International Nuclear Information System (INIS)

    Hwang, Young Dong; Lee, Man Kye; Yeo, Ji Won; Kim, Hee Chul; Chang, Moon Hee

    2001-04-01

    In this study, an economic evaluation methodology of the integrated SMART desalination plant was established and the economic evaluation of SMART was performed. The plant economics was evaluated with electricity generation costs calculated using approximate estimates of SMART cost data and the result was compared with the result calculated using the SMART design data and estimated bulk materials. In addition, a series of sensitivity studies on the power generation cost was performed for the main economic parameters of SMART Power credit method was used for the economic analysis of the integrated SMART desalination plant. Power credit method is a widely used economic analysis method for the cogeneration plant when the major portion of the energy is used for the electricity generation. In the case of using SMART fot power generation only, the result shows that the electricity generation cost of SMART is higher than that of the alternative power options. However, it can be competitive with the other power options in the limited cases, especially with the gas fired combined plant. In addition, an economic analysis of the integrated SMART desalination plant coupled with MED was performed. The calculated water production cost is in the range of 0.56 approx. 0.88($/m 3 ) for the plant availability of 80% or higher, which is close to the study results presented by the various other countries. This indicates that SMART can be considered as a competitive choice for desalination among various alternative energy sources

  18. Economic evaluation of the integrated SMART desalination plant

    Energy Technology Data Exchange (ETDEWEB)

    Hwang, Young Dong; Lee, Man Kye; Yeo, Ji Won; Kim, Hee Chul; Chang, Moon Hee

    2001-04-01

    In this study, an economic evaluation methodology of the integrated SMART desalination plant was established and the economic evaluation of SMART was performed. The plant economics was evaluated with electricity generation costs calculated using approximate estimates of SMART cost data and the result was compared with the result calculated using the SMART design data and estimated bulk materials. In addition, a series of sensitivity studies on the power generation cost was performed for the main economic parameters of SMART Power credit method was used for the economic analysis of the integrated SMART desalination plant. Power credit method is a widely used economic analysis method for the cogeneration plant when the major portion of the energy is used for the electricity generation. In the case of using SMART fot power generation only, the result shows that the electricity generation cost of SMART is higher than that of the alternative power options. However, it can be competitive with the other power options in the limited cases, especially with the gas fired combined plant. In addition, an economic analysis of the integrated SMART desalination plant coupled with MED was performed. The calculated water production cost is in the range of 0.56 approx. 0.88($/m{sup 3}) for the plant availability of 80% or higher, which is close to the study results presented by the various other countries. This indicates that SMART can be considered as a competitive choice for desalination among various alternative energy sources.

  19. Pengaruh Corporate Social Responsibility Disclosure Dan Environmental Performance Terhadap Economic Performance Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia

    OpenAIRE

    Saputri, Novitasari; Heriningsih, Sucahyo

    2012-01-01

    This research is aimed to examine effect Corporate Social Responsibility(CSR) Disclosure and EnvironmentalPerformance on Economic Performance.This research used Corporate Social Responsibility Index (CSDI) asmeasure of CSR, Proper Index as measure of Environmental Performance and Return on Equity (ROE) asmeasure of Economic Performance. The samples of this research are 11 manufactur firms listed at IndonesianStock Exchange year 2006 until 2009. The research hyphotesis were tested using mu...

  20. Applicability of genetic algorithms to parameter estimation of economic models

    Directory of Open Access Journals (Sweden)

    Marcel Ševela

    2004-01-01

    Full Text Available The paper concentrates on capability of genetic algorithms for parameter estimation of non-linear economic models. In the paper we test the ability of genetic algorithms to estimate of parameters of demand function for durable goods and simultaneously search for parameters of genetic algorithm that lead to maximum effectiveness of the computation algorithm. The genetic algorithms connect deterministic iterative computation methods with stochastic methods. In the genteic aůgorithm approach each possible solution is represented by one individual, those life and lifes of all generations of individuals run under a few parameter of genetic algorithm. Our simulations resulted in optimal mutation rate of 15% of all bits in chromosomes, optimal elitism rate 20%. We can not set the optimal extend of generation, because it proves positive correlation with effectiveness of genetic algorithm in all range under research, but its impact is degreasing. The used genetic algorithm was sensitive to mutation rate at most, than to extend of generation. The sensitivity to elitism rate is not so strong.

  1. Performance of a New Restricted Biased Estimator in Logistic Regression

    Directory of Open Access Journals (Sweden)

    Yasin ASAR

    2017-12-01

    Full Text Available It is known that the variance of the maximum likelihood estimator (MLE inflates when the explanatory variables are correlated. This situation is called the multicollinearity problem. As a result, the estimations of the model may not be trustful. Therefore, this paper introduces a new restricted estimator (RLTE that may be applied to get rid of the multicollinearity when the parameters lie in some linear subspace  in logistic regression. The mean squared errors (MSE and the matrix mean squared errors (MMSE of the estimators considered in this paper are given. A Monte Carlo experiment is designed to evaluate the performances of the proposed estimator, the restricted MLE (RMLE, MLE and Liu-type estimator (LTE. The criterion of performance is chosen to be MSE. Moreover, a real data example is presented. According to the results, proposed estimator has better performance than MLE, RMLE and LTE.

  2. Performance, Carcass Evaluation And Economics Of Production Of ...

    African Journals Online (AJOL)

    An eight-weeks feeding trial involving 162,8-week old goldline cockerel birds was carried out in a completely randomized design to evaluate the performance, carcass characteristics and economics of production of cockerels fed whole cassava plant meal (WCPM). Diet 1 was maize based and served as the control, diet 2 ...

  3. Analysis of advanced European nuclear fuel cycle scenarios including transmutation and economical estimates

    International Nuclear Information System (INIS)

    Merino Rodriguez, I.; Alvarez-Velarde, F.; Martin-Fuertes, F.

    2013-01-01

    Four European fuel cycle scenarios involving transmutation options have been addressed from a point of view of resources utilization and economics. Scenarios include the current fleet using Light Water Reactor (LWR) technology and open fuel cycle (as a reference scenario), a full replacement of the initial fleet with Fast Reactors (FR) burning U-Pu MOX fuel and two fuel cycles with Minor Actinide (MA) transmutation in a fraction of the FR fleet or in dedicated Accelerator Driven Systems (ADS).Results reveal that all scenarios are feasible according to nuclear resources demand. Regarding the economic analysis, the estimations show an increase of LCOE - averaged over the whole period - with respect to the reference scenario of 20% for Pu management scenario and around 35% for both transmutation scenarios respectively.

  4. Analysis of advanced European nuclear fuel cycle scenarios including transmutation and economical estimates

    Energy Technology Data Exchange (ETDEWEB)

    Merino Rodriguez, I.; Alvarez-Velarde, F.; Martin-Fuertes, F.

    2013-07-01

    Four European fuel cycle scenarios involving transmutation options have been addressed from a point of view of resources utilization and economics. Scenarios include the current fleet using Light Water Reactor (LWR) technology and open fuel cycle (as a reference scenario), a full replacement of the initial fleet with Fast Reactors (FR) burning U-Pu MOX fuel and two fuel cycles with Minor Actinide (MA) transmutation in a fraction of the FR fleet or in dedicated Accelerator Driven Systems (ADS).Results reveal that all scenarios are feasible according to nuclear resources demand. Regarding the economic analysis, the estimations show an increase of LCOE - averaged over the whole period - with respect to the reference scenario of 20% for Pu management scenario and around 35% for both transmutation scenarios respectively.

  5. Economic Performance Analysis of National Research and Development Project

    Energy Technology Data Exchange (ETDEWEB)

    Kim, S. S.; Yun, S. W.; Kim, S. E. [KAERI, Daejeon (Korea, Republic of)

    2016-05-15

    There are a lot of differences between these two evaluation programs in terms of their main objectives, assessment items, and evaluation methods by item. When considering the recent evaluation trend of being more concerned with the objective and scientifically well-founded base of judgment than the qualitative results data, there seems to be much supplement and improvement points in both evaluation programs. Firstly, the MSIP's evaluation program which is known as 'The performance analysis of national R and D program in Korea is applying the principle of ex-post evaluation for the overall performances of R and D activities focusing on the scientific and technological outputs, economic effects, and social performances such as the training of science and engineering personnel. Its report has been done and published by the collaboration of MSIP and KISTEP(Korea Institute of Science and Technology Evaluation and Planning). There seems to be a trend that the economic contributions to the national economy and the industries by national R and D projects have been underestimated due to the difficulties of not presenting properly the reliable quantitative effects even though they have contributed not only to the real economy and economic growth but to the industrial productions and public benefits. The key reasons to this phenomenon might be the deficiency of perception for evaluation tools and methodologies development and the original difficulty of evaluation for R and D performances. Especially the evaluation results for national R and D projects could impact on the investment decision on the long-term national R and D program, with being based on the investment efficiency or the necessity and urgency which might be represented by evaluation results.

  6. Economic Performance Analysis of National Research and Development Project

    International Nuclear Information System (INIS)

    Kim, S. S.; Yun, S. W.; Kim, S. E.

    2016-01-01

    There are a lot of differences between these two evaluation programs in terms of their main objectives, assessment items, and evaluation methods by item. When considering the recent evaluation trend of being more concerned with the objective and scientifically well-founded base of judgment than the qualitative results data, there seems to be much supplement and improvement points in both evaluation programs. Firstly, the MSIP's evaluation program which is known as 'The performance analysis of national R and D program in Korea is applying the principle of ex-post evaluation for the overall performances of R and D activities focusing on the scientific and technological outputs, economic effects, and social performances such as the training of science and engineering personnel. Its report has been done and published by the collaboration of MSIP and KISTEP(Korea Institute of Science and Technology Evaluation and Planning). There seems to be a trend that the economic contributions to the national economy and the industries by national R and D projects have been underestimated due to the difficulties of not presenting properly the reliable quantitative effects even though they have contributed not only to the real economy and economic growth but to the industrial productions and public benefits. The key reasons to this phenomenon might be the deficiency of perception for evaluation tools and methodologies development and the original difficulty of evaluation for R and D performances. Especially the evaluation results for national R and D projects could impact on the investment decision on the long-term national R and D program, with being based on the investment efficiency or the necessity and urgency which might be represented by evaluation results

  7. Feasibility Study of Economics and Performance of Solar Photovoltaics at the Former St. Marks Refinery in St. Marks, Florida

    Energy Technology Data Exchange (ETDEWEB)

    Lisell, L.; Mosey, G.

    2010-09-01

    This report presents the results of an assessment of the technical and economic feasibility of deploying a photovoltaics (PV) system on a brownfield site in St. Marks, Florida. The site was assessed for possible PV installations. The cost, performance, and site impacts of different PV options were estimated. The economics of the potential systems were analyzed using an electric rate of $0.08/kWh and incentives offered in the State of Florida and from the two accessible utilities, Progress Energy and the City of Tallahassee. According to the site production calculations, the most cost-effective system in terms of return on investment is the fixed-tilt thin film technology. The report recommends financing options that could assist in the implementation of such a system.

  8. Critique of the Council on Economic Priorities test ''power plant performance: nuclear and coal capacity factors and economics''

    International Nuclear Information System (INIS)

    Simard, R.L.

    1977-01-01

    The Council on Economic Priorities (CEP) has assembled capacity factor data on most U.S. nuclear and coal-fired units in operation, performed a regression analysis upon capacity factor as a function of intrinsic unit variables such as size and age, and attempted a comparison of the economics of typical nuclear and coal-fired units using the resultant fitted-capacity factors. The report points out inadequacies in the CEP data base, the lack of predictive value in the results of the regression analysis, and inconsistencies in the economic evaluation of nuclear and coal-fired units

  9. Capital Flight and Economic Performance

    OpenAIRE

    Beja, Edsel Jr.

    2007-01-01

    Capital flight aggravates resource constraints and contributes to undermine long-term economic growth. Counterfactual calculations on the Philippines suggest that capital flight contributed to lower the quality of long-term economic growth. Sustained capital flight over three decades means that capital flight had a role for the Philippines to lose the opportunities to achieve economic takeoff. Unless decisive policy actions are taken up to address enduring capital flight and manage the macroe...

  10. The U.S. Federal Government's Efforts to Estimate an Economic Value for Reduced Carbon Emissions (Invited)

    Science.gov (United States)

    Wolverton, A.

    2010-12-01

    This presentation will summarize the technical process and results from recent U.S. Federal government efforts to estimate the “social cost of carbon” (SCC); the monetized damages associated with an incremental increase in carbon dioxide emissions in a given year. The purpose of the SCC estimates is to make it possible for Federal agencies to incorporate the social benefits from reducing CO2 emissions into cost-benefit analyses of regulatory actions that have relatively small impacts on cumulative global emissions. An interagency working group initiated a comprehensive analysis using three integrated assessment models. The interagency group chose to rely on three of the most widely recognized peer-reviewed models to fairly represent differences in the way in which economic impacts from climate change are modeled (DICE, PAGE, and FUND). The main objective of this process was to develop a range of SCC values using a defensible set of input assumptions grounded in the existing scientific and economic literatures. In this way, key uncertainties and model differences transparently and consistently inform the range of SCC estimates used in the rulemaking process. This proved challenging since the literature did not always agree on the best path forward. In some cases the group agreed to a range of assumptions to allow for uncertainty analysis (e.g., they include 5 different socioeconomic scenarios in the Monte Carlo analysis to reflect uncertainty about how future economic and population growth and energy systems will develop over the next 100 years). The four values selected for regulatory analysis included three estimates based on the average SCC from three integrated assessment models over a range of discount rates, since there is wide disagreement on which to apply in an inter-generational context. The fourth value represents the 95th percentile SCC estimate across all three models at a 3 percent discount rate and is included to represent higher

  11. 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)

  12. Estimating the Direct Medical Economic Burden of Health Care-Associated Infections in Public Tertiary Hospitals in Hubei Province, China.

    Science.gov (United States)

    Li, Hao; Liu, Xinliang; Cui, Dan; Wang, Quan; Mao, Zongfu; Fang, Liang; Zhang, Furong; Yang, Ping; Wu, Huiling; Ren, Nili; He, Jianyun; Sun, Jing

    2017-07-01

    This study estimated the attributable direct medical economic burden of health care-associated infections (HAIs) in China. Data were extracted from hospitals' information systems. Inpatient cases with HAIs and non-HAIs were grouped by the propensity score matching (PSM) method. Attributable hospitalization expenditures and length of hospital stay were measured to estimate the direct medical economic burden of HAIs. STATA 12.0 was used to conduct descriptive analysis, bivariate χ 2 test, paired Z test, PSM ( r = 0.25σ, nearest neighbor 1:1 matching), and logistic regress analysis. The statistically significant level was set at .05. The HAIs group had statistically significant higher expenditures and longer hospitalization stay than the non-HAIs group during 2013 to 2015 ( P economic burden of HAIs calls for more effective HAI surveillance and better control with appropriate incentives.

  13. Sensor Selection for Aircraft Engine Performance Estimation and Gas Path Fault Diagnostics

    Science.gov (United States)

    Simon, Donald L.; Rinehart, Aidan W.

    2016-01-01

    This paper presents analytical techniques for aiding system designers in making aircraft engine health management sensor selection decisions. The presented techniques, which are based on linear estimation and probability theory, are tailored for gas turbine engine performance estimation and gas path fault diagnostics applications. They enable quantification of the performance estimation and diagnostic accuracy offered by different candidate sensor suites. For performance estimation, sensor selection metrics are presented for two types of estimators including a Kalman filter and a maximum a posteriori estimator. For each type of performance estimator, sensor selection is based on minimizing the theoretical sum of squared estimation errors in health parameters representing performance deterioration in the major rotating modules of the engine. For gas path fault diagnostics, the sensor selection metric is set up to maximize correct classification rate for a diagnostic strategy that performs fault classification by identifying the fault type that most closely matches the observed measurement signature in a weighted least squares sense. Results from the application of the sensor selection metrics to a linear engine model are presented and discussed. Given a baseline sensor suite and a candidate list of optional sensors, an exhaustive search is performed to determine the optimal sensor suites for performance estimation and fault diagnostics. For any given sensor suite, Monte Carlo simulation results are found to exhibit good agreement with theoretical predictions of estimation and diagnostic accuracies.

  14. Stability over Time of Different Methods of Estimating School Performance

    Science.gov (United States)

    Dumay, Xavier; Coe, Rob; Anumendem, Dickson Nkafu

    2014-01-01

    This paper aims to investigate how stability varies with the approach used in estimating school performance in a large sample of English primary schools. The results show that (a) raw performance is considerably more stable than adjusted performance, which in turn is slightly more stable than growth model estimates; (b) schools' performance…

  15. Local versus Global Environmental Performance of Dairying and Their Link to Economic Performance: A Case Study of Swiss Mountain Farms

    Directory of Open Access Journals (Sweden)

    Nina Repar

    2016-12-01

    Full Text Available Complying with the carrying capacity of local and global ecosystems is a prerequisite to ensure environmental sustainability. Based on the example of Swiss mountain dairy farms, the goal of our research was firstly to investigate the relationship between farm global and local environmental performance. Secondly, we aimed to analyse the relationship between farm environmental and economic performance. The analysis relied on a sample of 56 Swiss alpine dairy farms. For each farm, the cradle-to-farm-gate life cycle assessment was calculated, and the quantified environmental impacts were decomposed into their on- and off-farm parts. We measured global environmental performance as the digestible energy produced by the farm per unit of global environmental impact generated from cradle-to-farm-gate. We assessed local environmental performance by dividing farm-usable agricultural area by on-farm environmental impact generation. Farm economic performance was measured by work income per family work unit, return on equity and output/input ratio. Spearman’s correlation analysis revealed no significant relationship, trade-offs or synergies between global and local environmental performance indicators. Interestingly, trade-offs were observed far more frequently than synergies. Furthermore, we found synergies between global environmental and economic performance and mostly no significant relationship between local environmental and economic performance. The observed trade-offs between global and local environmental performance mean that, for several environmental issues, any improvement in global environmental performance will result in deterioration of local environmental performance and vice versa. This finding calls for systematic consideration of both dimensions when carrying out farm environmental performance assessments.

  16. Vintage errors: do real-time economic data improve election forecasts?

    Directory of Open Access Journals (Sweden)

    Mark Andreas Kayser

    2015-07-01

    Full Text Available Economic performance is a key component of most election forecasts. When fitting models, however, most forecasters unwittingly assume that the actual state of the economy, a state best estimated by the multiple periodic revisions to official macroeconomic statistics, drives voter behavior. The difference in macroeconomic estimates between revised and original data vintages can be substantial, commonly over 100% (two-fold for economic growth estimates, making the choice of which data release to use important for the predictive validity of a model. We systematically compare the predictions of four forecasting models for numerous US presidential elections using real-time and vintage data. We find that newer data are not better data for election forecasting: forecasting error increases with data revisions. This result suggests that voter perceptions of economic growth are influenced more by media reports about the economy, which are based on initial economic estimates, than by the actual state of the economy.

  17. Performance Estimation for Lowpass Ternary Filters

    Directory of Open Access Journals (Sweden)

    Brenton Steele

    2003-11-01

    Full Text Available Ternary filters have tap values limited to −1, 0, or +1. This restriction in tap values greatly simplifies the multipliers required by the filter, making ternary filters very well suited to hardware implementations. Because they incorporate coarse quantisation, their performance is typically limited by tap quantisation error. This paper derives formulae for estimating the achievable performance of lowpass ternary filters, thereby allowing the number of computationally intensive design iterations to be reduced. Motivated by practical communications systems requirements, the performance measure which is used is the worst-case stopband attenuation.

  18. Estimating Driving Performance Based on EEG Spectrum Analysis

    Directory of Open Access Journals (Sweden)

    Jung Tzyy-Ping

    2005-01-01

    Full Text Available The growing number of traffic accidents in recent years has become a serious concern to society. Accidents caused by driver's drowsiness behind the steering wheel have a high fatality rate because of the marked decline in the driver's abilities of perception, recognition, and vehicle control abilities while sleepy. Preventing such accidents caused by drowsiness is highly desirable but requires techniques for continuously detecting, estimating, and predicting the level of alertness of drivers and delivering effective feedbacks to maintain their maximum performance. This paper proposes an EEG-based drowsiness estimation system that combines electroencephalogram (EEG log subband power spectrum, correlation analysis, principal component analysis, and linear regression models to indirectly estimate driver's drowsiness level in a virtual-reality-based driving simulator. Our results demonstrated that it is feasible to accurately estimate quantitatively driving performance, expressed as deviation between the center of the vehicle and the center of the cruising lane, in a realistic driving simulator.

  19. Student workload estimation to pass a statistics course in Economics and Business Administration

    OpenAIRE

    Jano, María Dolores; Ortiz Serrano, Salvador

    2007-01-01

    The convergence process in Higher Education in Europe implies a radical change in the teacher’s practice. One of the fundamental questions in the harmonization process stems from the way credits are allocated by the ECTS (European Credit Transfer System). This article analyzes diverse methodologies for the estimation of student workload, with results regarding the time students need to successfully complete the Descriptive Statistics course in Economics and Business Administration. The obtain...

  20. Economic impact analysis for global warming: Sensitivity analysis for cost and benefit estimates

    International Nuclear Information System (INIS)

    Ierland, E.C. van; Derksen, L.

    1994-01-01

    Proper policies for the prevention or mitigation of the effects of global warming require profound analysis of the costs and benefits of alternative policy strategies. Given the uncertainty about the scientific aspects of the process of global warming, in this paper a sensitivity analysis for the impact of various estimates of costs and benefits of greenhouse gas reduction strategies is carried out to analyze the potential social and economic impacts of climate change

  1. Effect of corporate economic performance on firm-level environmental performance in a transition economy

    Czech Academy of Sciences Publication Activity Database

    Earnhart, D.; Lízal, Lubomír

    2010-01-01

    Roč. 46, č. 3 (2010), s. 303-329 ISSN 0924-6460 R&D Projects: GA MŠk LC542 Institutional research plan: CEZ:MSM0021620846 Keywords : Czech Republic * environmental protection * financial performance * pollution Subject RIV: AH - Economics Impact factor: 1.297, year: 2010

  2. Estimated Human and Economic Burden of Four Major Adult Vaccine-Preventable Diseases in the United States, 2013.

    Science.gov (United States)

    McLaughlin, John M; McGinnis, Justin J; Tan, Litjen; Mercatante, Annette; Fortuna, Joseph

    2015-08-01

    Low uptake of routinely recommended adult immunizations is a public health concern. Using data from the peer-reviewed literature, government disease-surveillance programs, and the US Census, we developed a customizable model to estimate human and economic burden caused by four major adult vaccine-preventable diseases (VPD) in 2013 in the United States, and for each US state individually. To estimate the number of cases for each adult VPD for a given population, we multiplied age-specific incidence rates obtained from the literature by age-specific 2013 Census population data. We then multiplied the estimated number of cases for a given population by age-specific, estimated medical and indirect (non-medical) costs per case. Adult VPDs examined were: (1) influenza, (2) pneumococcal disease (both invasive disease and pneumonia), (3) herpes zoster (shingles), and (4) pertussis (whooping cough). Sensitivity analyses simulated the impact of various epidemiological scenarios on the total estimated economic burden. Estimated US annual cost for the four adult VPDs was $26.5 billion (B) among adults aged 50 years and older, $15.3B (58 %) of which was attributable to those 65 and older. Among adults 50 and older, influenza, pneumococcal disease, herpes zoster, and pertussis made up $16.0B (60 %), $5.1B (19 %), $5.0B (19 %), and $0.4B (2 %) of the cost, respectively. Among those 65 and older, they made up $8.3B (54 %), $3.8B (25 %), $3.0B (20 %), and 0.2B (1 %) of the cost, respectively. Most (80-85 %) pneumococcal costs stemmed from nonbacteremic pneumococcal pneumonia (NPP). Cost attributable to adult VPD in the United States is substantial. Broadening adult immunization efforts beyond influenza only may help reduce the economic burden of adult VPD, and a pneumococcal vaccination effort, primarily focused on reducing NPP, may constitute a logical starting place. Sensitivity analyses revealed that a pandemic influenza season or change in size of the US elderly population

  3. Economic Growth, Economic Freedom, and Governance

    OpenAIRE

    Cebula, Richard; Ekstrom, Marcus

    2008-01-01

    This exploratory study examines the impact of various forms of economic freedom and various dimensions of governance, as well as a number of economic factors, on economic growth among OECD nations. Empirical estimation finds that the natural log of per capita purchasing-power-parity adjusted real GDP in OECD nations is positively impacted by business freedom, monetary freedom, trade freedom, and property rights security. Economic growth is found to be negatively affected by perceived governme...

  4. Financial indicators to evaluate the economic performance of feedlot steers with different slaughter weights

    Directory of Open Access Journals (Sweden)

    Edom de Avila Fabricio

    Full Text Available ABSTRACT: The objective of this study was to evaluate various financial indicators, estimated deterministically (considering historical quotes twelve consecutive years - 2003 to 2014, on the economic feasibility of finishing steers commercialized with different weights, using the simulation technique. Performance data steers were simulated with average initial weight of 350kg, fed in feedlot and slaughtered with 410, 440, 470, 500, 530, 560 and 590kg. The feeding period varies from 46 to 185 days, respectively. Based in various economic indicators, the viability of the investment decreased linearly according to the increase in slaughter weight. The coefficient of simple linear regression and means from lowest to highest slaughter weight were, respectively: net present value (-0.538 and R$ 67.37, R$ 65.28, R$ 32.14, R$ -7.34, R$ 8.01, R$ -12.38, R$ -23.41; index benefit: cost (-0.0003 and R$ 1.042, R$ 1.039, R$ 1.014, R$ 1.006, R$ 1.003, R$ 0.995, R$ 0.991; additional return on investment (-0.009 and 1.38, 1.29, 0.35, 0.11, 0.05, -0.08, -0.13% per month; internal rate of return (-0.009 and 2.21, 2.10, 1.28, 0.80, 0.93, 0.78, 0.73% per month. Feedlot use as termination option to obtain the direct benefits of this technology is an alternative investment with low economic return.

  5. Green analytical chemistry introduction to chloropropanols determination at no economic and analytical performance costs?

    Science.gov (United States)

    Jędrkiewicz, Renata; Orłowski, Aleksander; Namieśnik, Jacek; Tobiszewski, Marek

    2016-01-15

    In this study we perform ranking of analytical procedures for 3-monochloropropane-1,2-diol determination in soy sauces by PROMETHEE method. Multicriteria decision analysis was performed for three different scenarios - metrological, economic and environmental, by application of different weights to decision making criteria. All three scenarios indicate capillary electrophoresis-based procedure as the most preferable. Apart from that the details of ranking results differ for these three scenarios. The second run of rankings was done for scenarios that include metrological, economic and environmental criteria only, neglecting others. These results show that green analytical chemistry-based selection correlates with economic, while there is no correlation with metrological ones. This is an implication that green analytical chemistry can be brought into laboratories without analytical performance costs and it is even supported by economic reasons. Copyright © 2015 Elsevier B.V. All rights reserved.

  6. Estimating the economic impact of subclinical ketosis in dairy cattle using a dynamic stochastic simulation model

    NARCIS (Netherlands)

    Mostert, P.F.; Bokkers, E.A.M.; Middelaar, van C.E.; Hogeveen, H.; Boer, de I.J.M.

    2018-01-01

    The objective of this study was to estimate the economic impact of subclinical ketosis (SCK) in dairy cows. This metabolic disorder occurs in the period around calving and is associated with an increased risk of other diseases. Therefore, SCK affects farm productivity and profitability.

  7. Economic Benefits, Conservation and Wildlife Tourism

    OpenAIRE

    Tisdell, Clement A.

    2012-01-01

    Different economic methods are being used to estimate the economic benefits generated by nature (wildlife) tourism. The most prominent of these are economic valuation analysis and economic impact analysis. These methods often provide divergent and conflicting estimates of the economic benefits obtained from wildlife tourism, as is demonstrated in this article by the use of a microeconomic model. Tourism Research Australia has estimated the economic benefits to Australia of nature tourism base...

  8. Overall performance assessment of a combined cycle power plant: An exergo-economic analysis

    International Nuclear Information System (INIS)

    Sahin, Ahmet Z.; Al-Sharafi, Abdullah; Yilbas, Bekir S.; Khaliq, Abdul

    2016-01-01

    Highlights: • An exergo-economic analysis is carried out for a combined cycle power plant. • An overall performance index (OPI) is defined to analyze the power plant. • Four performance indicators and three scenarios are considered in the analysis. • The optimum configuration of the power plant differs for each scenarios considered. - Abstract: An exergo-economic analysis is carried out for a combined cycle power plant using the first law and the second law of thermodynamics, and the economic principles while incorporating GT PRO/PEACE Software Packages. An overall performance index (OPI) is defined to assess and analyze the optimum operational and design configurations of the power plant. Four performance indicators are considered for the analysis; namely, energy efficiency (ENE), exergy efficiency (EXE), levelized cost of electricity (COE), and the total investment (TI) cost. Three possible scenarios are considered in which different weight factor is assigned to the performance indicators when assessing the performance. These scenarios are: (i) the conventional case in which the levelized cost of electricity is given a high priority, (ii) environmental conscious case in which the exergy efficiency is given a high priority, and (iii) the economical case in which the total cost of investment is given a high priority. It is shown that the optimum size and the configuration of the power plant differ for each scenarios considered. The selection and optimization of the size and configuration of the power plant are found to be depending on the user priorities and the weight factors assigned to the performance indicators.

  9. Bayesian estimation and entropy for economic dynamic stochastic models: An exploration of overconsumption

    International Nuclear Information System (INIS)

    Argentiero, Amedeo; Bovi, Maurizio; Cerqueti, Roy

    2016-01-01

    This paper examines psycho-induced overconsumption in a dynamic stochastic context. As emphasized by well-established psychological results, these psycho-distortions derive from a decision making based on simple rules-of-thumb, not on analytically sounded optimizations. To our end, we therefore compare two New Keynesian models. The first is populated by optimizing Muth-rational agents and acts as the normative benchmark. The other is a “psycho-perturbed” version of the benchmark that allows for the potential presence of overoptimism and, hence, of overconsumption. The parameters of these models are estimated through a Bayesian-type procedure, and performances are evaluated by employing an entropy measure. Such methodologies are particularly appropriate here since they take in full consideration the complexity generated by the randomness of the considered systems. In particular, they let to derive a not negligible information on the size and on the cyclical properties of the biases. In line with cognitive psychology suggestions our evidence shows that the overoptimism/overconsumption is: widespread—it is detected in nation-wide data; persistent—it emerges in full-sample estimations; it moves according to the expected cyclical behavior—larger in booms, and it disappears in crises. Moreover, by taking into account the effect of these psycho-biases, the model fits actual data better than the benchmark. All considered, then, enhancing the existing literature our findings: i) sustain the importance of inserting psychological distortions in macroeconomic models and ii) underline that system dynamics and psycho biases have statistically significant and economically important connections.

  10. Optimal Tuner Selection for Kalman-Filter-Based Aircraft Engine Performance Estimation

    Science.gov (United States)

    Simon, Donald L.; Garg, Sanjay

    2011-01-01

    An emerging approach in the field of aircraft engine controls and system health management is the inclusion of real-time, onboard models for the inflight estimation of engine performance variations. This technology, typically based on Kalman-filter concepts, enables the estimation of unmeasured engine performance parameters that can be directly utilized by controls, prognostics, and health-management applications. A challenge that complicates this practice is the fact that an aircraft engine s performance is affected by its level of degradation, generally described in terms of unmeasurable health parameters such as efficiencies and flow capacities related to each major engine module. Through Kalman-filter-based estimation techniques, the level of engine performance degradation can be estimated, given that there are at least as many sensors as health parameters to be estimated. However, in an aircraft engine, the number of sensors available is typically less than the number of health parameters, presenting an under-determined estimation problem. A common approach to address this shortcoming is to estimate a subset of the health parameters, referred to as model tuning parameters. The problem/objective is to optimally select the model tuning parameters to minimize Kalman-filterbased estimation error. A tuner selection technique has been developed that specifically addresses the under-determined estimation problem, where there are more unknown parameters than available sensor measurements. A systematic approach is applied to produce a model tuning parameter vector of appropriate dimension to enable estimation by a Kalman filter, while minimizing the estimation error in the parameters of interest. Tuning parameter selection is performed using a multi-variable iterative search routine that seeks to minimize the theoretical mean-squared estimation error of the Kalman filter. This approach can significantly reduce the error in onboard aircraft engine parameter estimation

  11. Estimating the Relationship between Economic Growth and Health Expenditures in ECO Countries Using Panel Cointegration Approach

    Directory of Open Access Journals (Sweden)

    Nahid Hatam

    2016-03-01

    Full Text Available Increasing knowledge of people about health leads to raising the share of health expenditures in government budget continuously; although governors do not like this rise because of budget limitations. This study aimed to find the association between health expenditures and economic growth in ECO countries. We added health capital in Solow model and used the panel cointegration approach to show the importance of health expenditures in economic growth. For estimating the model, first we used Pesaran cross-sectional dependency test, after that we used Pesaran CADF unit root test, and then we used Westerlund panel cointegration test to show if there is a long-term association between variables or not. After that, we used chaw test, Breusch-Pagan test and Hausman test to find the form of the model. Finally, we used OLS estimator for panel data. Findings showed that there is a positive, strong association between health expenditures and economic growth in ECO countries. If governments increase investing in health, the total production of the country will be increased, so health expenditures are considered as an investing good. The effects of health expenditures in developing countries must be higher than those in developed countries. Such studies can help policy makers to make long-term decisions.

  12. Estimating the Relationship between Economic Growth and Health Expenditures in ECO Countries Using Panel Cointegration Approach.

    Science.gov (United States)

    Hatam, Nahid; Tourani, Sogand; Homaie Rad, Enayatollah; Bastani, Peivand

    2016-02-01

    Increasing knowledge of people about health leads to raising the share of health expenditures in government budget continuously; although governors do not like this rise because of budget limitations. This study aimed to find the association between health expenditures and economic growth in ECO countries. We added health capital in Solow model and used the panel cointegration approach to show the importance of health expenditures in economic growth. For estimating the model, first we used Pesaran cross-sectional dependency test, after that we used Pesaran CADF unit root test, and then we used Westerlund panel cointegration test to show if there is a long-term association between variables or not. After that, we used chaw test, Breusch-Pagan test and Hausman test to find the form of the model. Finally, we used OLS estimator for panel data. Findings showed that there is a positive, strong association between health expenditures and economic growth in ECO countries. If governments increase investing in health, the total production of the country will be increased, so health expenditures are considered as an investing good. The effects of health expenditures in developing countries must be higher than those in developed countries. Such studies can help policy makers to make long-term decisions.

  13. Challenges when performing economic optimization of waste treatment: A review

    International Nuclear Information System (INIS)

    Juul, N.; Münster, M.; Ravn, H.; Söderman, M. Ljunggren

    2013-01-01

    Highlights: • Review of main optimization tools in the field of waste management. • Different optimization methods are applied. • Different fractions are analyzed. • There is focus on different parameters in different geographical regions. • More research is needed which encompasses both recycling and energy solutions. - Abstract: Strategic and operational decisions in waste management, in particular with respect to investments in new treatment facilities, are needed due to a number of factors, including continuously increasing amounts of waste, political demands for efficient utilization of waste resources, and the decommissioning of existing waste treatment facilities. Optimization models can assist in ensuring that these investment strategies are economically feasible. Various economic optimization models for waste treatment have been developed which focus on different parameters. Models focusing on transport are one example, but models focusing on energy production have also been developed, as well as models which take into account a plant’s economies of scale, environmental impact, material recovery and social costs. Finally, models combining different criteria for the selection of waste treatment methods in multi-criteria analysis have been developed. A thorough updated review of the existing models is presented, and the main challenges and crucial parameters that need to be taken into account when assessing the economic performance of waste treatment alternatives are identified. The review article will assist both policy-makers and model-developers involved in assessing the economic performance of waste treatment alternatives

  14. Challenges when performing economic optimization of waste treatment: A review

    Energy Technology Data Exchange (ETDEWEB)

    Juul, N., E-mail: njua@dtu.dk [DTU Management, Risø Campus, Technical University of Denmark (Denmark); Münster, M., E-mail: maem@dtu.dk [DTU Management, Risø Campus, Technical University of Denmark (Denmark); Ravn, H., E-mail: hans.ravn@aeblevangen.dk [RAM-løse edb, Æblevangen 55, 2765 Smørum (Denmark); Söderman, M. Ljunggren, E-mail: maria.ljunggren@chalmers.se [Energy and Environment, Chalmers University of Technology, Gothenburg (Sweden); IVL Swedish Environmental Research Institute, Gothenburg (Sweden)

    2013-09-15

    Highlights: • Review of main optimization tools in the field of waste management. • Different optimization methods are applied. • Different fractions are analyzed. • There is focus on different parameters in different geographical regions. • More research is needed which encompasses both recycling and energy solutions. - Abstract: Strategic and operational decisions in waste management, in particular with respect to investments in new treatment facilities, are needed due to a number of factors, including continuously increasing amounts of waste, political demands for efficient utilization of waste resources, and the decommissioning of existing waste treatment facilities. Optimization models can assist in ensuring that these investment strategies are economically feasible. Various economic optimization models for waste treatment have been developed which focus on different parameters. Models focusing on transport are one example, but models focusing on energy production have also been developed, as well as models which take into account a plant’s economies of scale, environmental impact, material recovery and social costs. Finally, models combining different criteria for the selection of waste treatment methods in multi-criteria analysis have been developed. A thorough updated review of the existing models is presented, and the main challenges and crucial parameters that need to be taken into account when assessing the economic performance of waste treatment alternatives are identified. The review article will assist both policy-makers and model-developers involved in assessing the economic performance of waste treatment alternatives.

  15. A preliminary estimate of the economic impact of the energy amplifier

    CERN Document Server

    Fernández, R; Rubbia, Carlo; Rubio, Juan Antonio

    1996-01-01

    The basic concept and the applicability of the Energy Amplifier (EA) have been exhaustively described elsewhere (Refs. [1] to [4]). The EA is essentially a source of high quality heat, produced by the nuclear cascades induced by a high intensity proton beam inside an appropriate ³beam dump² arrangement. A fraction of such ³heat² has to be transformed into electricity to run the accelerator, the rest being available for a number of different industrial applications, and in particular commercial electricity production. In this paper the economic aspects are further explored and we attempt a first order estimate of the cost of such an energy source, comparing it critically with more conventional sources. In this task we have been greatly helped by a number of people2) who have specific competence in the industrial aspects of the application. We conclude that in agreement to our previous estimates, the practical cost of high quality heat is about US /GJ, namely and times lower than the one of Coal and Natural...

  16. Economic performance of Czech business entities in the context of CSRs’ implementation

    Directory of Open Access Journals (Sweden)

    Marcela Basovníková

    2013-01-01

    Full Text Available The term responsible entrepreneurship refers to economic success of a business by the inclusion of social and environmental considerations into a company’s operational processes. It satisfies customers’ demands, whilst also managing the expectations of employees, suppliers and the surrounding community. In general, the term Social Corporate Responsibility means a positive contribution to society including management of enterprise’s environmental impacts. The major determinants of the CSR values can be explored such as economic, cultural and leadership factors. Corporate Social Responsibility has been receiving increased attention also from bodies which give certification to companies with CSR in practice. There are different certificates which companies can apply for, if being „responsible“, such as SA 8000, GRI, AA1000, IiP or ISO26000. The aim of this paper is to introduce various certificates, namely SA 8000 and look in details on economic data of 9 companies, chosen from 25 in the Czech Republic, which received this label.Both traditional and modern indicators for assessment of business entities’ economic performance within the entity sample are employed as the inclusion of the economic factors on the CSR. Indices of credibility in order to evaluate the financial status of sample entities are utilised as well. The mentioned economic analysis is managed both in the period before the implementation of the certified CSR system and in the ex-post period. The results of economic analysis in the period before receiving the SA8000 certificate are evaluated using the mathematic-statistical methods to reveal development trend regarding their economic performance and to conduct comparison to respective industrial means.

  17. INDICATORS OF THE ECONOMIC AND FINANCIAL PERFORMANCE FOR THE PUBLIC UNIVERSITIES IN ROMANIA

    Directory of Open Access Journals (Sweden)

    Cristina-Petrina Trincu-Dragusin

    2016-12-01

    Full Text Available Quantifying the economic and financial performance in public universities represents a current, very interesting and quite a controversial matter of debate given that the accounting information realm is not sufficient explored through the financial analysis. The paper focuses on the ways of measuring the economic and financial performance in public universities in Romania, having as main purpose to provide a set of assessing indicators, by adapting the financial analysis paradigm existing for the private sector, to the public sector particularities. The specific objectives refer to the rentability, self-financing capacity, efficiency of the university expenditures and risk analysis, and the research approach is developed in the context in which either the national law or the international one do not regulate specific indicators for the economic and financial performance analysis within the public sector institutions

  18. Does the company's economic performance affect access to occupational health services?

    Science.gov (United States)

    Kankaanpää, Eila; Suhonen, Aki; Valtonen, Hannu

    2009-09-02

    In Finland like in many other countries, employers are legally obliged to organize occupational health services (OHS) for their employees. Because employers bear the costs of OHS it could be that in spite of the legal requirement OHS expenditure is more determined by economic performance of the company than by law. Therefore, we explored whether economic performance was associated with the companies' expenditure on occupational health services. We used a prospective design to predict expenditure on OHS in 2001 by a company's economic performance in 1999. Data were provided by Statistics Finland and expressed by key indicators for profitability, solidity and liquidity and by the Social Insurance Institution as employers' reimbursement applications for OHS costs. The data could be linked at the company level. Regression analysis was used to study associations adjusted for various confounders. Nineteen percent of the companies (N = 6 155) did not apply for reimbursement of OHS costs in 2001. The profitability of the company represented by operating margin in 1999 and adjusted for type of industry was not significantly related to the company's probability to apply for reimbursement of the costs in 2001 (OR = 1.00, 95%CI: 0.99 to 1.01). Profitability measured as operating profit in 1999 and adjusted for type of industry was not significantly related to costs for curative medical services (Beta -0.001, 95%CI: -0.00 to 0.11) nor to OHS cost of prevention in 2001 (Beta -0.001, 95%CI: -0.00 to 0.00). We did not find a relation between the company's economic performance and expenditure on OHS in Finland. We suppose that this is due to legislation obliging employers to provide OHS and the reimbursement system both being strong incentives for employers.

  19. Theories of estimation of differentiation for regulation of social-economic development of the city agglomeration

    OpenAIRE

    Anikina, Yu; Litovchenko, V.

    2009-01-01

    Theories of estimation of differentiation of social-economic development of territorial units in city agglomeration are discussed in the article. Approbation of the given methods helped find out successfulness of the regulation of municipal development of administrative-territorial units in Krasnoyarsk agglomeration, set the goals of regional policy on peculiarities of development of the phenomenon of differentiation.

  20. [Estimation of economic costs for the care of patients with nosocomial pneumonia in a regional peruvian hospital, 2009-2011].

    Science.gov (United States)

    Dámaso-Mata, Bernardo; Chirinos-Cáceres, Jesús; Menacho-Villafuerte, Luz

    2016-06-01

    To estimate and compare the economic costs for the care of patients with and without nosocomial pneumonia at Hospital II Huánuco EsSalud during 2009-2011, in Peru. This was a partial economic evaluation of paired cases and controls. A collection sheet was used. nosocomial pneumonia. direct health costs, direct non-health costs, indirect costs, occupation, age, comorbidities, sex, origin, and education level. A bivariate analysis was performed. Forty pairs of cases and controls were identified. These patients were hospitalized for >2 weeks and prescribed more than two antibiotics. The associated direct health costs included those for hospitalization, antibiotics, auxiliary examinations, specialized assessments, and other medications. The direct non-health costs and associated indirect costs included those for transportation, food, housing, foregone payroll revenue, foregone professional fee revenue, extra-institutional expenses, and payment to caregivers during hospitalization and by telephone. The direct health costs for nosocomial pneumonia patients were more than three times and the indirect costs were more than two times higher than those for the controls. Variables with the greatest impact on costs were identified.

  1. FISCAL EFFECTIVENESS UNDER REGIONAL ECONOMIC INTEGRATION: INDONESIAN AGRICULTURAL PERFORMANCE CASE

    Directory of Open Access Journals (Sweden)

    Nasrudin Nasrudin

    2013-04-01

    Full Text Available AbstractThis paper investigates the effectiveness of fiscal policy in boosting agricultural sector performance and seeks the most effective policy in the presence of regional economic integration. It predicts the effectiveness of fiscal policy on the agricultural sector performance in four periods; the new order regime, the economic crisis, and pre and post China Free Trade Area (CAFTA. It also predicts the impact of fiscal policy on agricultural sector performance when CAFTA is fully implemented. It finds that fiscal policy is more effective in the optimum allocation of expenditures. It also finds that the agricultural sector can grow faster when the portion of capital expenditure increases.Keywords: Fiscal effectiveness, economic integration, agricultureJEL Classification Numbers: E62, F15, Q17AbstrakMakalah ini menyelidiki efektivitas kebijakan fiskal dalam mendorong kinerja sektor pertanian dan mencari kebijakan yang paling efektif dengan adanya integrasi ekonomi regional. Makalah ini memprediksi efektivitas kebijakan fiskal dalam meningkatkan kinerja sektor pertanian dalam empat periode; rezim orde baru, krisis ekonomi, sebelum pelaksanaan China Free Trade Area (CAFTA, dan setelah pelaksanaan CAFTA. Makalah ini juga memprediksi dampak kebijakan fiskal terhadap kinerja sektor pertanian saat CAFTA sepenuhnya dilaksanakan. Hasil analisis menemukan bahwa kebijakan fiskal lebih efektif dalam alokasi optimal dari pengeluaran. Analisis juga menemukan bahwa sektor pertanian dapat tumbuh lebih cepat ketika porsi peningkatan belanja modal meningkat.Keywords: Efektivitas fiskal, integrasi ekonomi, pertanianJEL Classification Numbers: E62, F15, Q17

  2. Evaluation of Effect of Global Economic Meltdown on Capital Market Performance

    Directory of Open Access Journals (Sweden)

    ONAOLAPO ADEKUNLE RAHMAN

    2013-07-01

    Full Text Available The recent financial crisis that loomed the global economy was considered more inclusive than any other period of financial turmoil in the past 60 years. This paper evaluates the implications of the global economic meltdown on the Nigerian Capital Market Performance using the market capitalization of the Nigerian Stock Exchange as a major indicator. When the global economic meltdown came, it poses a recession on the Market Capitalization and the volume of share index of the Nation. This study depends entirely on secondary data in form of annual aggregate time series data of Market capitalization (dependent variable, exchange rate, interest rate, inflation rate, market share index with Dummy variable to represent the period of economic crisis. Ordinary least square of multiple regressions was used to analyze the data into econometric model while F-statistics was used to test for the formulated hypothesis. This study depicts that the global economic meltdown has a negative effect on the Capital Market Performance. It was therefore recommended that the Federal government and the regulatory agencies (CBN, NSE, SEC etc. should come up with intervention and fiscal policies that will suppress these effects and jumpstart the capital market and that the policies should be properly implemented and monitored.

  3. Economic analysis of fusion breeders

    International Nuclear Information System (INIS)

    Delene, J.G.

    1985-01-01

    This paper presents a study of the economic performance of Fission/Fusion Hybrid devices. This work takes fusion breeder cost estimates and applies methodology and cost factors used in the fission reactor programs to compare fusion breeders with Liquid Metal Fast Breeder Reactors (LMFBR). The results of the analysis indicate that the Hybrid will be in the same competitive range as proposed LMFBRs and have the potential to provide economically competitive power in a future of rising uranium prices. The sensitivity of the results to variations in key parameters is included

  4. Economic rate of discount and estimating cost benefit of viral immunisation programmes.

    Science.gov (United States)

    West, R R

    1999-01-01

    Many individual and societal decisions over purchase (or investment) involve consideration of timing, in that either the price may be paid now and the benefit enjoyed some time in the future or the converse the benefit enjoyed now and the price paid later. Since most individuals generally prefer the present to the future, economic theory has conventionally discounted future costs or benefits to estimate 'net present values'. The rationale for this is principally based on future uncertainty. In recent years, economists have turned their attention to valuing health as an economic 'good'. Observations of individual behaviour would imply that individuals discount future health, as other potential benefits, mostly because there is some uncertainty about their futures. Although economic theory is strongly predicated on the 'sovereignty of the individual', it does not necessarily follow that society discounts the future as do individuals, since for society the future is not so uncertain. Society's endorsement of many public health and preventive medicine objectives, which seek health gains in the future (rather than the present), imply that society's rate of discount may be appreciably lower than that of individuals. In immunisation, arguably one of the most effective of preventive measures, there is the additional benefit to others attributable to herd immunity. This paper argues that the future health gains for society arising from immunisation should not be underestimated by application of inappropriate discounting.

  5. Estimating the Economic Impacts of a Small-Scale Sport Tourism Event: The Case of the Italo-Swiss Mountain Trail CollonTrek

    Directory of Open Access Journals (Sweden)

    Stefano Duglio

    2017-02-01

    Full Text Available Evidence from several studies shows that small-scale sport events may have more positive repercussions for the host community than major ones in terms of both economic and social impacts. This study estimates the economic impacts on a small community derived from athletes’ expenditure at a specific small-scale sport tourism event, the Italo-Swiss mountain endurance trail CollonTrek. Even if this kind of event is considered a minor sport event, generating very limited economic activity, this study supports the hypothesis that the funds invested by the public administration are compensated for by revenue generated during the trail. In fact, according to the three analyzed scenarios (Conservative, Average and Liberal, for each euro invested by the public administration, an economic return between €17.62 and €18.92 has been estimated, and between €5.64 and €6.9 (32%–36.47% represent the direct economic return for the local community. Furthermore, in addition to the direct economic benefits, in accordance with the feedback from a sample of participants at the event (n = 180, this kind of event has positive implications in terms of future tourism for the host valley, pointing out how this kind of tourist activities has positive repercussions in terms of economic and social sustainability.

  6. Le realizzazioni dell'economia sovietica. (Soviet economic performance

    Directory of Open Access Journals (Sweden)

    A. MADDISON

    2014-07-01

    Full Text Available While in the 1950s Soviet output grew faster than most other industrial countries, the early 1960s has seen a noticeable slowing down in growth. The present paper puts these economic developments into perspective to judge the efficacy of Soviet policy in its attempt to achieve maximum growth and transform an underdeveloped into a developed country. The author first assesses Soviet performance and policy at different stages of development, before assessing the level attained. The purposes for which output is used and the major factors responsible for Soviet performance are then analysed. Finally, likely future developments are considered.JEL: P27, O40

  7. Environmental Proactivity and Environmental and Economic Performance: Evidence from the Winery Sector

    Directory of Open Access Journals (Sweden)

    Virginia Barba-Sánchez

    2016-10-01

    Full Text Available Environmental sustainability in the winery sector is receiving increased attention from governments, environmental groups, and consumers. The aim of this study is to explore the relationship between the degree of proactivity of a firm’s environmental strategies and its business performance. The novelty of this research work lies in its definition of business performance, which includes business environmental performance in terms of reducing the firm’s environmental impacts and eco-efficiency in the use of resources such as water, energy, and raw materials, in addition to its economic performance. A model is proposed and tested using a sample of 312 Spanish wineries. Data were analysed using partial least squares path modelling (PLS-PM. The fitness and robustness of the structural model proved adequate. The results indicate positive correlation of environmental proactivity with economic and environmental performance. Although environmental proactivity improves business performance, it has a greater impact on reducing environmental impacts and improving eco-efficiency.

  8. The Influence of Multiple Specializations on Economic Performance in U.S. Metropolitan Areas

    Directory of Open Access Journals (Sweden)

    Saheum Hong

    2016-09-01

    Full Text Available Scholars have recently been debating how economic structure affects regional economic performance. Regional economic structure typically indicates how the industries in regions are organized. The attribute of industrial organization in regions is typically measured by how the employment in a region is distributed among various sectors. If the employment in a region is highly concentrated on a limited number of sectors, that region is industrially specialized. On the contrary, when the employment is more evenly distributed among various industries, that region is highly diversified in its industrial organization. In this context, some researchers recognized that diversity and specialization are not opposite concepts. Instead, they can coexist, for example in the form of diversified specializations. In this study, this body of literature was extended by formulating an indicator to measure the extent of multiple specializations in regional economies and by examining the effect of multiple specializations on regional economic performance. Empirical analysis showed that specializing in multiple industrial pursuits helped regions to achieve both faster and more stable economic growth.

  9. Economic performance of photovoltaic water pumping systems with business model innovation in China

    International Nuclear Information System (INIS)

    Zhang, Chi; Campana, Pietro Elia; Yang, Jin; Yan, Jinyue

    2017-01-01

    Highlights: • A new business model of PV systems is proposed for PV water pumping systems (PVWP). • Three PVWP and one PV-roof scenarios are analysed to estimate economic performance. • The impacts of market incentives in four PV scenarios are insubstantial for its economic payback. • The PVWP system with added-value products will improve economy potential. - Abstract: Expansion by photovoltaic (PV) technologies in the renewable energy market requires exploring added value integrated with business model innovation. In recent years, a pilot trial of PV water pumping (PVWP) technologies for the conservation of grassland and farmland has been conducted in China. In this paper, we studied the added value of the PVWP technologies with an emphasis on the integration of the value proposition with the operation system and customer segmentation. Using the widely used existing PV business models (PV-roof) as a reference, we evaluated discounted cash flow (DCF) and net present value (NPV) under the scenarios of traditional PV roof, PVWP pilot, PVWP scale-up, and PVWP social network, where further added value via social network was included in the business model. The results show that the integrated PVWP system with social network products significantly improves the performance in areas such as the discounted payback period, internal rate of return (IRR), and return on investment (ROI). We conclude that scenario PVWP social network with business model innovation, can result in value add-ins, new sources of revenue, and market incentives. The paper also suggests that current policy incentives for PV industry are not efficient due to a limited source of revenue, and complex procedures of feed-in tariff verification.

  10. Ridge Distance Estimation in Fingerprint Images: Algorithm and Performance Evaluation

    Directory of Open Access Journals (Sweden)

    Tian Jie

    2004-01-01

    Full Text Available It is important to estimate the ridge distance accurately, an intrinsic texture property of a fingerprint image. Up to now, only several articles have touched directly upon ridge distance estimation. Little has been published providing detailed evaluation of methods for ridge distance estimation, in particular, the traditional spectral analysis method applied in the frequency field. In this paper, a novel method on nonoverlap blocks, called the statistical method, is presented to estimate the ridge distance. Direct estimation ratio (DER and estimation accuracy (EA are defined and used as parameters along with time consumption (TC to evaluate performance of these two methods for ridge distance estimation. Based on comparison of performances of these two methods, a third hybrid method is developed to combine the merits of both methods. Experimental results indicate that DER is 44.7%, 63.8%, and 80.6%; EA is 84%, 93%, and 91%; and TC is , , and seconds, with the spectral analysis method, statistical method, and hybrid method, respectively.

  11. Economic impact of cultural events

    Directory of Open Access Journals (Sweden)

    M Saayman

    2004-11-01

    Full Text Available The phenomenon of events can hardly be described as a new one.  The aim of this paper is to determine the economic benefits of three major cultural events in South Africa to the host community.  Measuring the economic impact normally entails some estimation of the cash injection into a region by visitors and applying the relevant multiplier to arrive at a monetary estimate of the economic impact.  But few regions or municipal areas have detailed economic data to construct a type of input-output model and derive a multiplier.  The purpose of the methods used in this research were firstly to determine the estimated cash injection, secondly to estimate the size of leakages in the local economy and thirdly to derive an appropriate multiplier to estimate the economic impact of the event.

  12. The Impact of the Public Support for R & D on the Economic Performance of SMEs

    Directory of Open Access Journals (Sweden)

    Ivana Blažková

    2016-01-01

    Full Text Available The article is focused on evaluation of impacts of the project support for research, development and innovations on the economic performance of small and medium-sized enterprises. The set of analysed enterprises was composed of 182 SMEs operating in the Region of South Moravia in the Czech Republic, which were active in R & D in 2012 and 2013. There were evaluated public sources of funding for innovation activities and selected financial ratios of economic performance. The hypotheses about the relationship between the amount of public support and profitability of enterprises were set up and statistically tested. The analysis proved sufficient level of profitability and liquidity of the SMEs involved in research, the worst economic performance of the smallest enterprises and the direct positive relationship between the amount of public support and the profitability in two size groups of enterprises, which refers to the positive impact of the public support on the economic performance of SMEs.

  13. THE CORRELATION BETWEEN STRATEGIC PLANNING AND ECONOMIC MOROCCAN SME’s PERFORMANCE

    Directory of Open Access Journals (Sweden)

    Hassan ABBAR

    2016-11-01

    Full Text Available Among management activities, the strategic function retains increasingly attention of authors being interested in SME's (small and medium-sized enterprise performance. Indeed, there are many authors who think that by following a strategy building formal process, SMEs can increase chances of success, while others consider that by trusting their manager’s intuition, SMEs can stimulate creativity and develop important competitive advantages at the same time. Further to these controversies, we aim through this communication to partake in this debate mattering to both researchers and managers by revising the relation between strategic planning and SMEs' economic performance. So as to handle this matter, we verify nearby 100 Moroccan SMEs, the degree of importance they grant to strategic planning. We also examine how SMEs strategic planning may or not be associated with their economic performance as measured by average variation sales over the last three years.

  14. Measuring Ucrit and endurance: equipment choice influences estimates of fish swimming performance.

    Science.gov (United States)

    Kern, P; Cramp, R L; Gordos, M A; Watson, J R; Franklin, C E

    2018-01-01

    This study compared the critical swimming speed (U crit ) and endurance performance of three Australian freshwater fish species in different swim-test apparatus. Estimates of U crit measured in a large recirculating flume were greater for all species compared with estimates from a smaller model of the same recirculating flume. Large differences were also observed for estimates of endurance swimming performance between these recirculating flumes and a free-surface swim tunnel. Differences in estimates of performance may be attributable to variation in flow conditions within different types of swim chambers. Variation in estimates of swimming performance between different types of flumes complicates the application of laboratory-based measures to the design of fish passage infrastructure. © 2017 The Fisheries Society of the British Isles.

  15. Alkaline-mechanical pretreatment process for enhanced anaerobic digestion of thickened waste activated sludge with a novel crushing device: Performance evaluation and economic analysis.

    Science.gov (United States)

    Cho, Si-Kyung; Ju, Hyun-Jun; Lee, Jeong-Gyu; Kim, Sang-Hyoun

    2014-08-01

    Although various pretreatments have been widely investigated to enhance the anaerobic digestion (AD) of waste activated sludge (WAS), economic feasibility issues have limited real-world applications. The authors examined the performance and economic analysis of an alkaline-mechanical process with a novel mechanical crushing device for thickened WAS pretreatment. The pretreatment at 40gTS/L, pH 13, and 90min reaction time achieved 64% of solubilization efficiency and 8.3 times higher CH4 yield than the control. In addition, a synergistic CH4 yield enhancement was observed when the pretreated and raw WAS were used together as feedstock, and the greatest synergy was observed at a volumetric mixture ratio of 50:50. Economic estimates indicate that up to 22% of WAS treatment costs would be saved by the installation of the suggested process. The experimental results clearly indicate that the alkaline-mechanical process would be highly effective and economically feasible for the AD of thickened WAS. Copyright © 2014 Elsevier Ltd. All rights reserved.

  16. Estimated Human and Economic Burden of Four Major Adult Vaccine-Preventable Diseases in the United States, 2013

    OpenAIRE

    McLaughlin, John M.; McGinnis, Justin J.; Tan, Litjen; Mercatante, Annette; Fortuna, Joseph

    2015-01-01

    Low uptake of routinely recommended adult immunizations is a public health concern. Using data from the peer-reviewed literature, government disease-surveillance programs, and the US Census, we developed a customizable model to estimate human and economic burden caused by four major adult vaccine-preventable diseases (VPD) in 2013 in the United States, and for each US state individually. To estimate the number of cases for each adult VPD for a given population, we multiplied age-specific inci...

  17. Economics of fusion research

    Energy Technology Data Exchange (ETDEWEB)

    None, None

    1977-10-15

    This report provides the results of a study of methods of economic analysis applied to the evaluation of fusion research. The study recognizes that a hierarchy of economic analyses of research programs exists: standard benefit-cost analysis, expected value of R and D information, and expected utility analysis. It is shown that standard benefit-cost analysis, as commonly applied to research programs, is inadequate for the evaluation of a high technology research effort such as fusion research. A methodology for performing an expected value analysis is developed and demonstrated and an overview of an approach to perform an expected utility analysis of fusion research is presented. In addition, a potential benefit of fusion research, not previously identified, is discussed and rough estimates of its magnitude are presented. This benefit deals with the effect of a fusion research program on optimal fossil fuel consumption patterns. The results of this study indicate that it is both appropriate and possible to perform an expected value analysis of fusion research in order to assess the economics of a fusion research program. The results indicate further that the major area of benefits of fusion research is likely due to the impact of a fusion research program on optimal fossil fuel consumption patterns and it is recommended that this benefit be included in future assessments of fusion research economics.

  18. Economics of fusion research

    International Nuclear Information System (INIS)

    1977-01-01

    This report provides the results of a study of methods of economic analysis applied to the evaluation of fusion research. The study recognizes that a hierarchy of economic analyses of research programs exists: standard benefit-cost analysis, expected value of R and D information, and expected utility analysis. It is shown that standard benefit-cost analysis, as commonly applied to research programs, is inadequate for the evaluation of a high technology research effort such as fusion research. A methodology for performing an expected value analysis is developed and demonstrated and an overview of an approach to perform an expected utility analysis of fusion research is presented. In addition, a potential benefit of fusion research, not previously identified, is discussed and rough estimates of its magnitude are presented. This benefit deals with the effect of a fusion research program on optimal fossil fuel consumption patterns. The results of this study indicate that it is both appropriate and possible to perform an expected value analysis of fusion research in order to assess the economics of a fusion research program. The results indicate further that the major area of benefits of fusion research is likely due to the impact of a fusion research program on optimal fossil fuel consumption patterns and it is recommended that this benefit be included in future assessments of fusion research economics

  19. Optimal Tuner Selection for Kalman Filter-Based Aircraft Engine Performance Estimation

    Science.gov (United States)

    Simon, Donald L.; Garg, Sanjay

    2010-01-01

    A linear point design methodology for minimizing the error in on-line Kalman filter-based aircraft engine performance estimation applications is presented. This technique specifically addresses the underdetermined estimation problem, where there are more unknown parameters than available sensor measurements. A systematic approach is applied to produce a model tuning parameter vector of appropriate dimension to enable estimation by a Kalman filter, while minimizing the estimation error in the parameters of interest. Tuning parameter selection is performed using a multi-variable iterative search routine which seeks to minimize the theoretical mean-squared estimation error. This paper derives theoretical Kalman filter estimation error bias and variance values at steady-state operating conditions, and presents the tuner selection routine applied to minimize these values. Results from the application of the technique to an aircraft engine simulation are presented and compared to the conventional approach of tuner selection. Experimental simulation results are found to be in agreement with theoretical predictions. The new methodology is shown to yield a significant improvement in on-line engine performance estimation accuracy

  20. Estimation of the transboundary economic impacts of the Grand Ethiopia Renaissance Dam: A Computable General Equilibrium Analysis

    NARCIS (Netherlands)

    Kahsay, T.N.; Kuik, O.J.; Brouwer, R.; van der Zaag, P.

    2015-01-01

    Employing a multi-region multi-sector computable general equilibrium (CGE) modeling framework, this study estimates the direct and indirect economic impacts of the Grand Ethiopian Renaissance Dam (GERD) on the Eastern Nile economies. The study contributes to the existing literature by evaluating the

  1. Time-Varying Estimation of Crop Insurance Program in Altering North Dakota Farm Economic Structure

    OpenAIRE

    Coleman, Jane A.; Shaik, Saleem

    2009-01-01

    This study examines how federal farm policies, specifically crop insurance, have affected the farm economic structure of North Dakota’s agriculture sector. The system of derived input demand equations is estimated to quantify the changes in North Dakota farmers’ input use when they purchase crop insurance. Further, the cumulative rolling regression technique is applied to capture the varying effects of the farm policies over time. Empirical results from the system of input demand functions in...

  2. Integrating environmental and economic performance to assess modern silvoarable agroforestry in Europe

    NARCIS (Netherlands)

    Palma, J.; Graves, A.R.; Burgess, P.J.; Werf, van der W.; Herzog, F.

    2007-01-01

    The environmental and economic performance of silvoarable agroforestry in Europe is highly variable. Multi-criteria analysis, using the PROMETHEE outranking approach, was used to evaluate the integrated performance of silvoarable agroforestry on hypothetical farms in nineteen landscape test sites in

  3. Intimate partner violence and women's economic and non-economic activities in Minya, Egypt.

    Science.gov (United States)

    Yount, Kathryn M; Zureick-Brown, Sarah; salem, Rania

    2014-06-01

    Intimate partner violence (IPV) against women is widespread, but its implications for their economic and non-economic activities are understudied. Leveraging new data from 564 ever-married women aged 22–65 in rural Minya, Egypt, we estimated logistic regressions and zero-inflated negative binomial regressions to test spillover, compensation, and patriarchal bargaining theories about the influences of women's exposure to IPV on their engagement in and time spent on market, subsistence, domestic, and care work. Supporting compensation theory, exposures to lifetime, recent, and chronic physical or sexual IPV were associated with higher adjusted odds of performing market work in the prior month, and exposures to recent and chronic IPV were associated with higher adjusted odds of performing subsistence work in this period. Supporting compensation and patriarchal bargaining theories, exposures to recent and chronic IPV were associated with more time spent on domestic work in the prior day. Supporting spillover and patriarchal bargaining theories, exposures to lifetime IPV of all forms were associated with lower adjusted odds of performing mostly nonspousal care work in the prior day, and this association was partially mediated by women's generalized anxiety. Women in rural Minya who are exposed to IPV may escalate their housework to fulfill local norms of feminine domesticity while substituting economic activities for nonspousal care work to enhance their economic independence from violent partners.

  4. Can Management Practices Make a Difference? Nonprofit Organization Financial Performance during Times of Economic Stress

    Directory of Open Access Journals (Sweden)

    QIAN HU

    2017-12-01

    Full Text Available The economic crisis presented unprecedented challenges to nonprofit organizations to sustain their services. In this study, we examined both financial and management factors that influence the financial performance of nonprofit organizations during times of economic stress. In particular, we investigated whether strategic planning and plan implementation, revenue diversification, and board involvement help nonprofit organizations deal with financial uncertainty and strengthen financial performance. Despite the negative impacts that the economic downturn had on nonprofit organizations, we found that the implementation of strategic plans can help nonprofit organizations reduce financial vulnerability. Our findings call attention to key management factors that influence the financial performance of nonprofit organizations.

  5. Economic performance of the SCE Stirling dish

    International Nuclear Information System (INIS)

    Stone, K.W.; Lopez, C.W.; McAlister, R.E.

    1993-01-01

    In 1982 McDonnell Douglas Aerospace Space System (MDA-SS) and United Stirling AB of Sweden formed a joint venture to develop and market a solar Stirling dish unit. Eight modules were built and extensively tested from 1984 to 1988. Power production and daily energy-conversion efficiency as determined by field testing have been characterized and modeled in a computer program. Included in this simulation are models of mirror soiling rate, wind spillage loss, mirror washing and other maintenance outage time, operation and maintenance (O and M) costs and other cost models. An economic model of a hybrid (combustion) receiver has been included in the simulation for illustrating the value of using solar energy when available and other fuels such as methane, natural gas, hydrogen, etc. when solar energy is not available or adequate. This paper describes the simulation and presents comparisons of the simulation to test data. The simulation also estimates both the O and M expenses and levelized energy costs for different production volumes

  6. Economic performance of the SCE Stirling dish

    International Nuclear Information System (INIS)

    Stone, K.W.; Lopez, C.W.; McAlister, R.E.

    1995-01-01

    In 1982 McDonnell Douglas Aerospace (MDA) and United Stirling AB (USAB) of Sweden formed a joint venture to develop and market a solar Stirling dish system. Eight modules were built and extensively tested from 1984 to 1988. Power production and daily energy-conversion efficiency as determined by field testing were characterized and modeled into a computer program. Included in this simulation are models of mirror soiling rate, wind spillage loss, mirror washing, and other maintenance outage time, operation and maintenance (O and M) costs, and equipment purchase cost. An economic model of a hybrid (combustion) receiver has been included in the simulation for illustrating the value of using solar energy when available and other fuels such as methane, natural gas, hydrogen, etc. when solar energy is not available or adequate. This paper describes the simulation and presents comparisons of the simulation to test data. The simulation also estimates both the O and M expenses and levelized energy costs for different production volumes

  7. Process of technical performance: essential features and their economic view

    OpenAIRE

    Zhylinska, O.

    2010-01-01

    Essential features of technical performance have been defined in the context of similarity of its components such as research and development, training of technical/engineering personnel and providing technical services. Also peculiarities of economic view have been examined in terms of information model of managing.

  8. Performances of estimators of linear auto-correlated error model ...

    African Journals Online (AJOL)

    The performances of five estimators of linear models with autocorrelated disturbance terms are compared when the independent variable is exponential. The results reveal that for both small and large samples, the Ordinary Least Squares (OLS) compares favourably with the Generalized least Squares (GLS) estimators in ...

  9. Employment, Economic Growth and Labor Market Performance: The Case of Turkey

    OpenAIRE

    Alparslan AKÇORAOĞLU

    2010-01-01

    The fundamental aim of this paper is to explore the empirical relationship between employment and economic growth in Turkey over the period 1995Q1-2007Q4 by using modern time series techniques. The employment growth performance is a concern for Turkey as its employment rate is well below any European Union (EU) member country. Some authors have argued that the rates of employment growth in Turkey have remained low over the same period despite relatively strong economic growth. The results of ...

  10. The economic impact of revision otologic surgery.

    Science.gov (United States)

    Nadimi, Sahar; Leonetti, John P; Pontikis, George

    2016-03-01

    Revision otologic surgery places a significant economic burden on patients and the healthcare system. We conducted a retrospective chart analysis to estimate the economic impact of revision canal-wall-down (CWD) mastoidectomy. We reviewed the medical records of all 189 adults who had undergone CWD mastoidectomy performed by the senior author between June 2006 and August 2011 at Loyola University Medical Center in Maywood, Ill. Institutional charges and collections for all patients were extrapolated to estimate the overall healthcare cost of revision surgery in Illinois and at the national level. Of the 189 CWD mastoidectomies, 89 were primary and 100 were revision procedures. The total charge for the revision cases was $2,783,700, and the net reimbursement (collections) was $846,289 (30.4%). Using Illinois Hospital Association data, we estimated that reimbursement for 387 revision CWD mastoidectomies that had been performed in fiscal year 2011 was nearly $3.3 million. By extrapolating our data to the national level, we estimated that 9,214 patients underwent revision CWD mastoidectomy in the United States during 2011, which cost the national healthcare system roughly $76 million, not including lost wages and productivity. Known causes of failed CWD mastoidectomies that often result in revision surgery include an inadequate meatoplasty, a facial ridge that is too high, residual diseased air cells, and recurrent cholesteatoma. A better understanding of these factors can reduce the need for revision surgery, which could have a positive impact on the economic strain related to this procedure at the local, state, and national levels.

  11. Environmental and Economic Performance: Ecoinnovation Practices in Biodigesters of Cassava Processing Companies

    Directory of Open Access Journals (Sweden)

    Alexandre Rodrigues da Silva

    2016-12-01

    Full Text Available Biomass, considered one of the main sources of alternative energy, originates from residual organic material such as the cassava crop. Biodigesters are capable of transforming these residuals into biogas and biofertilizers. This allows a reduction of almost 80% in the residual organic material being deposited in the earth or rivers, avoiding deposits accumulating on riverbeds and negative environmental impacts. It also allows substantial savings in terms of energy. The general aim of this study is to investigate, with the implementation of biodigesters, how eco-innovation practices contribute to the economic and environmental performance of cassava processing companies in Paraná State. Through qualitative research, the method employed an exploratory approach and intensive multiple-case analyses, with data collected through semi-structured interviews. The study showed that the eco-innovation practices that were adopted aided the economic and environmental performance of the companies in question. The study contributes to academia with scientific research on biodigester technology using the residual organic material of cassava for sustainable development. It also contributes to the corporate universe by demonstrating an opportunity for sustainable innovation with improved economic and environmental performance, which can be extrapolated to other industrial segments.

  12. Peer influence on students' estimates of performance: social comparison in clinical rotations.

    Science.gov (United States)

    Raat, A N Janet; Kuks, Jan B M; van Hell, E Ally; Cohen-Schotanus, Janke

    2013-02-01

    During clinical rotations, students move from one clinical situation to another. Questions exist about students' strategies for coping with these transitions. These strategies may include a process of social comparison because in this context it offers the student an opportunity to estimate his or her abilities to master a novel rotation. These estimates are relevant for learning and performance because they are related to self-efficacy. We investigated whether student estimates of their own future performance are influenced by the performance level and gender of the peer with whom the student compares him- or herself. We designed an experimental study in which participating students (n = 321) were divided into groups assigned to 12 different conditions. Each condition entailed a written comparison situation in which a peer student had completed the rotation the participant was required to undertake next. Differences between conditions were determined by the performance level (worse, similar or better) and gender of the comparison peer. The overall grade achieved by the comparison peer remained the same in all conditions. We asked participants to estimate their own future performance in that novel rotation. Differences between their estimates were analysed using analysis of variance (ANOVA). Students' estimates of their future performance were highest when the comparison peer was presented as performing less well and lowest when the comparison peer was presented as performing better (p influences students' estimates of their future performance in a novel rotation. The effect depends on the performance level and gender of the comparison peer. This indicates that comparisons against particular peers may strengthen or diminish a student's self-efficacy, which, in turn, may ease or hamper the student's learning during clinical rotations. The study is limited by its experimental design. Future research should focus on students' comparison behaviour in real transitions

  13. Growth Performance and Bio-Economics of Growing Pigs Fed Diets ...

    African Journals Online (AJOL)

    A feeding trial was conducted to investigate the performance, haematology, nutrient digestibility and economics of production of growing pigs fed diets containing differently fermented cassava starch residue (CSR) and cassava peels (CP) altogether referred to as cassava tuber wastes (CTW). The CSR and CP were each ...

  14. Economic Education and Student Performance in the Business Discipline: Implications for Curriculum Planning

    Science.gov (United States)

    Islam, Muhammad M.; Islam, Faridul

    2013-01-01

    The authors conducted an empirical examination of the relationship between extra-normal ability (inability) in principles of economics courses and student performance in the various areas of the business discipline such as finance, marketing, management, and accounting. Extra-normal ability is defined as the part of an economics grade that cannot…

  15. Supply Chain Information Systems and Organisational Performance in Economic Turbulent Times

    OpenAIRE

    Argyropoulou, Maria; Reid, Iain; Michaelides, Roula; Ioannou, George

    2015-01-01

    Supply Chain Information Systems and their impact on organisational performance has been studied by a number of studies. This study seeks to extend this body of knowledge by adopting a fresh lens to explore empirically the relationship between organizational performance and SCIS in circumstances of economic downturn and financial turbulence. The statistical relationship between Supply Chain Information Systems (SCIS) ˜Effectiveness and ˜Organisational Performance is tested and measured by m...

  16. Model developments for quantitative estimates of the benefits of the signals on nuclear power plant availability and economics

    International Nuclear Information System (INIS)

    Seong, Poong Hyun

    1993-01-01

    A novel framework for quantitative estimates of the benefits of signals on nuclear power plant availability and economics has been developed in this work. The models developed in this work quantify how the perfect signals affect the human operator's success in restoring the power plant to the desired state when it enters undesirable transients. Also, the models quantify the economic benefits of these perfect signals. The models have been applied to the condensate feedwater system of the nuclear power plant for demonstration. (Author)

  17. Theory and Application of an Economic Performance Measure of Risk

    NARCIS (Netherlands)

    C. Niu (Cuizhen); X. Guo (Xu); M.J. McAleer (Michael); W.-K. Wong (Wing-Keung)

    2017-01-01

    textabstractHomm and Pigorsch (2012a) use the Aumann and Serrano index to develop a new economic performance measure (EPM), which is well known to have advantages over other measures. In this paper, we extend the theory by constructing a one-sample confidence interval of EPM, and construct

  18. Economic Complexity and Human Development: DEA performance measurement in Asia and Latin America

    OpenAIRE

    Ferraz, Diogo; Moralles, Hérick Fernando; Suarez Campoli, Jéssica; Ribeiro de Oliveira, Fabíola Cristina; do Nascimento Rebelatto, Daisy Aparecida

    2018-01-01

    Economic growth is not the unique factor to explain human development. Due to that many authors have prioritized studies to measure the Human Development Index. However, these indices do not analyze how Economic Complexity can increase Human Development. The aim of this paper is to determine the efficiency of a set of nations from Latin America and Asia, to measure a country’s performance in converting Economic Complexity into Human Development, between 2010 and 2014. The method used was Data...

  19. Generic modelling framework for economic analysis of battery systems

    DEFF Research Database (Denmark)

    You, Shi; Rasmussen, Claus Nygaard

    2011-01-01

    opportunities, a generic modelling framework is proposed to handle this task. This framework outlines a set of building blocks which are necessary for carrying out the economic analysis of various BS applications. Further, special focus is given on describing how to use the rainflow cycle counting algorithm...... for battery cycle life estimation, since the cycle life plays a central role in the economic analysis of BS. To illustrate the modelling framework, a case study using a Sodium Sulfur Battery (NAS) system with 5-minute regulating service is performed. The economic performances of two dispatch scenarios, a so......Deregulated electricity markets provide opportunities for Battery Systems (BS) to participate in energy arbitrage and ancillary services (regulation, operating reserves, contingency reserves, voltage regulation, power quality etc.). To evaluate the economic viability of BS with different business...

  20. How Fiscal Policy Affects Non-Oil Economic Performance in Azerbaijan?

    Directory of Open Access Journals (Sweden)

    Khatai Aliyev

    2016-09-01

    Full Text Available The role of fiscal policy in promoting economic growth has been subject to many studies since its suggestion by Keynes who stated expansionary/contractionary impact of public expenditures/taxes. In this context, effectiveness of fiscal policy use to develop non-oil sector in resource rich economies should be studied. This paper investigates short- and long-run effects of budget expenditures and tax related budget revenues (direct transfers from oil fund excluded over non-oil GDP while controlling for oil price volatility and oil production in case of Azerbaijan. Autoregressive Distributed Lag Bounds Testing (ARDLBT Approach to cointegration is employed for data covering 2000Q1-2015Q2. Estimation results theoretically consistent and statistically significant long-run effects of both budget expenditures and tax-related budget revenues. However, in the short-run, the effects are contrary to the theoretical expectations. Findings are useful for Azerbaijan fiscal policy makers especially in the current complicated nature of economic processes in the economy due to oil related challenges.

  1. Economic analysis of nuclear energy

    Energy Technology Data Exchange (ETDEWEB)

    Lee, Han Myung; Lee, M.K.; Moon, K.H.; Kim, S.S.; Lim, C.Y.; Song, K.D.; Kim, H

    2001-12-01

    The objective of this study is to evaluate the contribution of nuclear energy to the energy use in the economical way, based on the factor survey performed on the internal and external environmental changes occurred recent years. Internal and external environmental changes are being occurred recent years involving with using nuclear energy. This study summarizes the recent environmental changes in nuclear energy such as sustainable development issues, climate change talks, Doha round and newly created electricity fund. This study also carried out the case studies on nuclear energy, based on the environmental analysis performed above. The case studies cover following topics: role of nuclear power in energy/environment/economy, estimation of environmental external cost in electric generation sector, economic comparison of hydrogen production, and inter-industrial analysis of nuclear power generation.

  2. Economic analysis of nuclear energy

    International Nuclear Information System (INIS)

    Lee, Han Myung; Lee, M.K.; Moon, K.H.; Kim, S.S.; Lim, C.Y.; Song, K.D.; Kim, H.

    2001-12-01

    The objective of this study is to evaluate the contribution of nuclear energy to the energy use in the economical way, based on the factor survey performed on the internal and external environmental changes occurred recent years. Internal and external environmental changes are being occurred recent years involving with using nuclear energy. This study summarizes the recent environmental changes in nuclear energy such as sustainable development issues, climate change talks, Doha round and newly created electricity fund. This study also carried out the case studies on nuclear energy, based on the environmental analysis performed above. The case studies cover following topics: role of nuclear power in energy/environment/economy, estimation of environmental external cost in electric generation sector, economic comparison of hydrogen production, and inter-industrial analysis of nuclear power generation

  3. Agricultural producers’ groups in the Czech Republic: introductory review and discussion of the problem area economic performance measurement

    Directory of Open Access Journals (Sweden)

    Jan Vavřina

    2012-01-01

    Full Text Available Each company is surrounded by the micro- and macro-environment affecting also its economic performance. These factors are not only individual accounting entries, but also analytical inputs as the internal company processes, management of costs or short-term financial decisions and specifically in the case of agriculture within the EU also the public subsidy schemes implemented through the EU Common Agricultural Policy. Groups of agricultural producers are created as a response to current market dynamics and the opportunity for each agricultural enterprise regardless the size. In this paper, the basis for agricultural cooperation is provided, traditional economic performance measures are presented and their applicability on the sample of agricultural producers’ groups and wholesale entities is empirically verified. Wholesale entities are analysed by its business activity and performance features to consider whether they are suitable peer group for comparing economic performance of examined agricultural producers’ group. Since the economic performance of agricultural producers’ groups directly affects the economic performance of all participating entities, and vice versa, their economic performance measurement may involve specific constraints. According to the structure and characteristics of agricultural producers’ groups may be inferred that whilst the common performance measurement techniques are applicable on the majority of companies, agricultural producers’ groups represent specific entities and therefore need adjusted performance measurement approach.

  4. Effects of culture systems on growth and economic performance of ...

    African Journals Online (AJOL)

    IFEOMA PIUS

    2013-07-03

    Jul 3, 2013 ... The effect of culture system on growth and economics performance of Orechromis niloticus ( ... from the Food and Agriculture Organization (FAO) stated ... in the reduction of the availability of natural fish food ..... lowest profit, while algae only had the lowest cost and ... Also, maximizing production in terms of.

  5. Effects of irreversibility and economics on the performance of a heat engine

    International Nuclear Information System (INIS)

    Ibrahim, O.M.; Klein, S.A.; Mitchell, J.W.

    1992-01-01

    In this paper, optimization of the power output of an internally irreversible heat engine is considered for finite capacitance rates of the external fluid streams. The method of Lagrange multipliers is used to solve for working fluid temperatures which yield maximum power. Analytical expressions for the maximum power and the cycle efficiency at miximum power are obtained. The effects of irreversibility and economics on the performance of a heat engine are investigated. A relationship between the maximum power point and economically optimum design is identified. It is demonstrated that, with certain reasonable economic assumptions, the maximum power point of a heat engine corresponds to a point of minimum life-cycle costs

  6. Improved diagnostic model for estimating wind energy

    Energy Technology Data Exchange (ETDEWEB)

    Endlich, R.M.; Lee, J.D.

    1983-03-01

    Because wind data are available only at scattered locations, a quantitative method is needed to estimate the wind resource at specific sites where wind energy generation may be economically feasible. This report describes a computer model that makes such estimates. The model uses standard weather reports and terrain heights in deriving wind estimates; the method of computation has been changed from what has been used previously. The performance of the current model is compared with that of the earlier version at three sites; estimates of wind energy at four new sites are also presented.

  7. Influence of the Budgetary Decentralization on the Economic Growth of Regions of Ukraine: Statistical Estimation

    Directory of Open Access Journals (Sweden)

    Voznyak Halyna V.

    2017-06-01

    Full Text Available The aim of the article is to define, determine and analyze the interrelationships between the budgetary decentralization and the economic growth of regions of Ukraine under conditions of reforming the power and financial resources. A statistical estimation of the influence of the budgetary decentralization on the economic growth of regions of Ukraine for 2015-2016 is carried out. The application of the panel data modeling allowed to build econometric models that made it possible to determine the ambiguous nature of the budgetary decentralization and identify key factors of its influence. It is shown that in terms of the income and expenditures the budgetary decentralization is positively associated with the economic growth of regions of Ukraine during the chosen time range of the study. The dynamic growth of the own revenues of local budgets is not a catalyst for the economic development of the regions. A strong negative effect of transfers on the dependent variable is confirmed. Among the variables included in the model and additionally characterizing the budgetary decentralization, the single tax and subsidies for the socio-economic development of individual territories attract attention. As a result of the study, the author justifies the need to minimize the transfer dependence of the regions at a simultaneous increasing of their own revenue base with local taxes and fees serving as a reliable basis for a long-term planning and development.

  8. Economic measures of performance

    International Nuclear Information System (INIS)

    Anon.

    1992-01-01

    Cogeneration systems can reduce the total cost of utility service, and, in some instances where power is sold to an electric utility, can even produce a positive net revenue stream. This is, the total cogeneration revenue is greater than the cogeneration system's operating cost plus the cost of supplemental fuel and power. Whether it is sited at an existing facility or new construction, cogeneration systems do require an incremental investment over and above that which would be required if the end user were to utilize more conventional utility services. While the decision as to whether or not one should invest in cogeneration may consider such intangibles as predictability of future utility costs, reliability of electrical supply and the quality of that supply, the decision ultimately becomes one of basic economics. This chapter briefly reviews several economic measures with regard to ease of use, accuracy and financial objective

  9. Novel Geometrical Concept of a High Performance Brain PET Scanner Principle, Design and Performance Estimates

    CERN Document Server

    Séguinot, Jacques; Chesi, Enrico Guido; Joram, C; Mathot, S; Weilhammer, P; Chamizo-Llatas, M; Correia, J G; Ribeiro da Silva, M; Garibaldi, F; De Leo, R; Nappi, E; Corsi, F; Dragone, A; Schoenahl, F; Zaidi, H

    2006-01-01

    We present the principle, a possible implementation and performance estimates of a novel geometrical concept for a high resolution positron emission tomograph. The concept, which can for example be implemented in a brain PET device, promisses to lead to an essentially parallax free 3D image reconstruction with excellent spatial resolution and constrast, uniform over the complete field of view. The key components are matrices of long axially oriented scintillator crystals which are read out at both extremities by segmented Hybrid Photon Detectors. We discuss the relevant design considerations for a 3D axial PET camera module, motivate parameter and material choices, and estimate its performance in terms of spatial and energy resolution. We support these estimates by Monte Carlo simulations and in some cases by first experimental results. From the performance of a camera module, we extrapolate to the reconstruction resolution of a 3D axial PET scanner in a semi-analytical way and compare it to an existing state...

  10. Estimating the Impact (Energy, Emissions and Economics) of the US Fluid Power Industry

    Energy Technology Data Exchange (ETDEWEB)

    Love, Lonnie J [ORNL

    2012-12-01

    The objective of this report is to estimate the impact (energy, emissions and economics) of United Fluid power (hydraulic and pneumatic actuation) is the generation, control, and application of pumped or compressed fluids when this power is used to provide force and motion to mechanisms. This form of mechanical power is an integral part of United States (U.S.) manufacturing and transportation. In 2008, according to the U.S. Census Bureau, sales of fluid power components exceeded $17.7B, sales of systems using fluid power exceeded $226B. As large as the industry is, it has had little fundamental research that could lead to improved efficiency since the late 1960s (prior to the 1970 energy crisis). While there have been some attempts to replace fluid powered components with electric systems, its performance and rugged operating condition limit the impact of simple part replacement. Oak Ridge National Laboratory and the National Fluid Power Association (NFPA) collaborated with 31 industrial partners to collect and consolidate energy specific measurements (consumption, emissions, efficiency) of deployed fluid power systems. The objective of this study was to establish a rudimentary order of magnitude estimate of the energy consumed by fluid powered systems. The analysis conducted in this study shows that fluid powered systems consumed between 2.0 and 2.9 Quadrillion (1015) Btus (Quads) of energy per year; producing between 310 and 380 million metric tons (MMT) of Carbon Dioxide (CO2). In terms of efficiency, the study indicates that, across all industries, fluid power system efficiencies range from less than 9% to as high as 60% (depending upon the application), with an average efficiency of 22%. A review of case studies shows that there are many opportunities to impact energy savings in both the manufacturing and transportation sectors by the development and deployment of energy efficient fluid power components and systems.

  11. Chlamydia sequelae cost estimates used in current economic evaluations: does one-size-fit-all?

    Science.gov (United States)

    Ong, Koh Jun; Soldan, Kate; Jit, Mark; Dunbar, J Kevin; Woodhall, Sarah C

    2017-02-01

    Current evidence suggests that chlamydia screening programmes can be cost-effective, conditional on assumptions within mathematical models. We explored differences in cost estimates used in published economic evaluations of chlamydia screening from seven countries (four papers each from UK and the Netherlands, two each from Sweden and Australia, and one each from Ireland, Canada and Denmark). From these studies, we extracted management cost estimates for seven major chlamydia sequelae. In order to compare the influence of different sequelae considered in each paper and their corresponding management costs on the total cost per case of untreated chlamydia, we applied reported unit sequelae management costs considered in each paper to a set of untreated infection to sequela progression probabilities. All costs were adjusted to 2013/2014 Great British Pound (GBP) values. Sequelae management costs ranged from £171 to £3635 (pelvic inflammatory disease); £953 to £3615 (ectopic pregnancy); £546 to £6752 (tubal factor infertility); £159 to £3341 (chronic pelvic pain); £22 to £1008 (epididymitis); £11 to £1459 (neonatal conjunctivitis) and £433 to £3992 (neonatal pneumonia). Total cost of sequelae per case of untreated chlamydia ranged from £37 to £412. There was substantial variation in cost per case of chlamydia sequelae used in published chlamydia screening economic evaluations, which likely arose from different assumptions about disease management pathways and the country perspectives taken. In light of this, when interpreting these studies, the reader should be satisfied that the cost estimates used sufficiently reflect the perspective taken and current disease management for their respective context. Published by the BMJ Publishing Group Limited. For permission to use (where not already granted under a licence) please go to http://www.bmj.com/company/products-services/rights-and-licensing/.

  12. The Impacts of Port Infrastructure and Logistics Performance on Economic Growth

    DEFF Research Database (Denmark)

    Munim, Ziaul Haque; Schramm, Hans-Joachim

    2018-01-01

    Considering 91 countries with seaports, this study conducted an empirical inquiry into the broader economic contribution of seaborne trade, from a port infrastructure quality and logistics performance perspective. Investment in quality improvement of port infrastructure and its contribution to ec...

  13. Managing economic risks through simulation

    International Nuclear Information System (INIS)

    Griffin, B.J.; Eresman, R.K.

    1994-01-01

    Industrial operations are commonly managed in terms of such factors as raw material requirements, throughput, equipment reliability, and operator productivity. Simulation can be used to transform standard management performance measures into probabilistic measures which define the associated risks. These results provide valuable insight for effective management of economic risks. Case studies are presented using the Monte Carlo simulation method to demonstrate different applications of simulation techniques, various result formats, and their use for optimizing economic returns. In the first case study, design criteria for a large gas distribution system originally developed from worst-case demand estimates were modelled to provide a risk basis for decisions on alternative upgrading options. In the second, a commercial gas storage facility operation was modelled to develop economic marketing strategies balancing supply and demand requirements from multiple clients. 3 refs

  14. Economic analysis model for total energy and economic systems

    International Nuclear Information System (INIS)

    Shoji, Katsuhiko; Yasukawa, Shigeru; Sato, Osamu

    1980-09-01

    This report describes framing an economic analysis model developed as a tool of total energy systems. To prospect and analyze future energy systems, it is important to analyze the relation between energy system and economic structure. We prepared an economic analysis model which was suited for this purpose. Our model marks that we can analyze in more detail energy related matters than other economic ones, and can forecast long-term economic progress rather than short-term economic fluctuation. From view point of economics, our model is longterm multi-sectoral economic analysis model of open Leontief type. Our model gave us appropriate results for fitting test and forecasting estimation. (author)

  15. Clinical laboratory as an economic model for business performance analysis.

    Science.gov (United States)

    Buljanović, Vikica; Patajac, Hrvoje; Petrovecki, Mladen

    2011-08-15

    To perform SWOT (strengths, weaknesses, opportunities, and threats) analysis of a clinical laboratory as an economic model that may be used to improve business performance of laboratories by removing weaknesses, minimizing threats, and using external opportunities and internal strengths. Impact of possible threats to and weaknesses of the Clinical Laboratory at Našice General County Hospital business performance and use of strengths and opportunities to improve operating profit were simulated using models created on the basis of SWOT analysis results. The operating profit as a measure of profitability of the clinical laboratory was defined as total revenue minus total expenses and presented using a profit and loss account. Changes in the input parameters in the profit and loss account for 2008 were determined using opportunities and potential threats, and economic sensitivity analysis was made by using changes in the key parameters. The profit and loss account and economic sensitivity analysis were tools for quantifying the impact of changes in the revenues and expenses on the business operations of clinical laboratory. Results of simulation models showed that operational profit of €470 723 in 2008 could be reduced to only €21 542 if all possible threats became a reality and current weaknesses remained the same. Also, operational gain could be increased to €535 804 if laboratory strengths and opportunities were utilized. If both the opportunities and threats became a reality, the operational profit would decrease by €384 465. The operational profit of the clinical laboratory could be significantly reduced if all threats became a reality and the current weaknesses remained the same. The operational profit could be increased by utilizing strengths and opportunities as much as possible. This type of modeling may be used to monitor business operations of any clinical laboratory and improve its financial situation by implementing changes in the next fiscal

  16. Natural disasters and economic growth: A meta-analysis

    NARCIS (Netherlands)

    Klomp, J.G.; Valckx, K.

    2014-01-01

    Using more than 750 estimates, we perform a meta-regression analysis of studies examining the relationship between economic growth per capita and natural disasters. The studies considered are very different with respect to the type of disasters considered, the sample of countries and time periods

  17. Estimating Stair Running Performance Using Inertial Sensors

    Directory of Open Access Journals (Sweden)

    Lauro V. Ojeda

    2017-11-01

    Full Text Available Stair running, both ascending and descending, is a challenging aerobic exercise that many athletes, recreational runners, and soldiers perform during training. Studying biomechanics of stair running over multiple steps has been limited by the practical challenges presented while using optical-based motion tracking systems. We propose using foot-mounted inertial measurement units (IMUs as a solution as they enable unrestricted motion capture in any environment and without need for external references. In particular, this paper presents methods for estimating foot velocity and trajectory during stair running using foot-mounted IMUs. Computational methods leverage the stationary periods occurring during the stance phase and known stair geometry to estimate foot orientation and trajectory, ultimately used to calculate stride metrics. These calculations, applied to human participant stair running data, reveal performance trends through timing, trajectory, energy, and force stride metrics. We present the results of our analysis of experimental data collected on eleven subjects. Overall, we determine that for either ascending or descending, the stance time is the strongest predictor of speed as shown by its high correlation with stride time.

  18. Chemical oil-spill dispersants: evaluation of three laboratory procedures for estimating performance

    International Nuclear Information System (INIS)

    Clayton, J.R.; Marsden, P.

    1992-09-01

    The report presents data from studies designed to evaluate characteristics of selected bench-scale test methods for estimating performance of chemical agents for dispersing oil from surface slicks into an underlying water column. In order to mitigate the effect of surface slicks with chemical dispersant agents, however, an on-scene coordinator must have information and an understanding of performance characteristics for available dispersant agents. Performance of candidate dispersant agents can be estimated on the basis of laboratory testing procedures that are designed to evaluate performance of different agents. Data presented in the report assist in the evaluation of candidate test methods for estimating performance of candidate dispersant agents. Three test methods were selected for evaluating performance: the currently accepted Revised Standard EPA test, Environmental Canada's Swirling Flask test, and the IFP-Dilution test

  19. The relationship between animal welfare and economic performance at farm level

    DEFF Research Database (Denmark)

    Henningsen, Arne; Czekaj, Tomasz Gerard; Forkman, Björn

    2018-01-01

    We propose a theoretical framework for the relationship between animal welfare and the economic performance of livestock farms. We empirically analyse this relationship based on a unique dataset of randomly sampled Danish pig herds that includes information from unannounced inspections of the com...

  20. Reexamining financial and economic predictability with new estimators of realized variance and variance risk premium

    DEFF Research Database (Denmark)

    Casas, Isabel; Mao, Xiuping; Veiga, Helena

    This study explores the predictive power of new estimators of the equity variance risk premium and conditional variance for future excess stock market returns, economic activity, and financial instability, both during and after the last global financial crisis. These estimators are obtained from...... time-varying coefficient models are the ones showing considerably higher predictive power for stock market returns and financial instability during the financial crisis, suggesting that an extreme volatility period requires models that can adapt quickly to turmoil........ Moreover, a comparison of the overall results reveals that the conditional variance gains predictive power during the global financial crisis period. Furthermore, both the variance risk premium and conditional variance are determined to be predictors of future financial instability, whereas conditional...

  1. Comparative economic performance of selected passive solar heating and cooling technologies

    Science.gov (United States)

    Rutter, W.

    1981-05-01

    The economic performance of selected passive solar heating and cooling technologies which incorporate energy storage is assessed by using a set of uniform assumptions and methodologies. Where data are available, a given system is assessed at more than one geographical location. Results are obtained in the form of both payback period and net present value for residential applications, and in terms of net present value only for industrial/commercial uses. Results indicate that ventilated trombe walls, solar roof ponds, and certain night effect/floor storage strategies are cost effective, but night effect/rock bed cooling is not. Results also show that, although direct gain out-performs trombe walls in most parts of the country, both direct gain and trombe walls usually produce a net savings in the residential sector. Generally, however, tax regulations result in net economic loss for direct gain and trombe walls used to heat industrial and commercial buildings.

  2. Effects of culture systems on growth and economic performance of ...

    African Journals Online (AJOL)

    The effect of culture system on growth and economics performance of Orechromis niloticus (Nile tilapia) in concrete tanks was investigated. Four outdoor concrete tanks measuring 2.5 x 2 m was used for the study for 24 weeks culture period. The culture systems included the use of algae only at the stocking rates of 4 ...

  3. Does Innovation Performance Depend on Economic Growth?: The Case of a Country in Transition

    Directory of Open Access Journals (Sweden)

    Andrzej H Jasinski

    2011-12-01

    Full Text Available This paper is an attempt to analyze a possible influence of economic growth on innovation performance. Econometric model based on principal component analysis is the research tool. Poland, as a country in transition, is here a case-study. The analysis has confirmed an interesting pattern: in 1989-2007, corporate innovation performance was changing, in principle, in the same direction as macro-economic changes but with a one-to-two-year delay. This is some proof that the innovation activity followed the cyclical development of the national economy. Innovation performance was demand-driven, i.e., pulled by demand resulting from the economy's recovery and high economic growth. So, technological innovation appeared to be highly sensitive to the general economic situation in Poland as a transitional economy. Economic growth seems to be a kind of tag-boat pulling innovation activities in the business sector.Este artículo intenta analizar una posible influencia del crecimiento económico en el desempeño de la innovación. La herramienta de investigación empleada es el modelo econométrico basado en un componente principal de análisis. El estudio de caso es Polonia, una economía en transición. El análisis ha confirmado un patrón interesante: durante el periodo 1989-2007, el desempeño de la innovación cambió, en principio, en la misma dirección que los cambios macroeconómicos pero con un retraso de uno a dos años. Esto muestra de algún modo que la actividad innovadora correspondió al desarrollo cíclico de la economía nacional. El desempeño innovador se orientó por la demanda, es decir, una demanda impulsada por la recuperación económica y el alto crecimiento económico. Por lo tanto, la innovación tecnológica parece ser muy sensible a la situación económica en general de Polonia, como economía en transición. El crecimiento económico parece ser una especie de motor que impulsa las actividades innovadoras del sector de negocios.

  4. Social and economic factors of the natural risk growth: estimation of the Russian regions

    Science.gov (United States)

    Petrova, E.

    2003-04-01

    Òhe vulnerability of the population and economy territorial complexes (PETC) to the influence of unfavorable and dangerous natural processes and events is determined not only by the physical parameters of natural hazards in the given region, but also by economic and social peculiarities of the PETC by itself. It depends on economy type, on PETC’s age, structure and dimensions as well as on degree of its participation in the territorial division of labor. PETC would be more vulnerable to the natural hazards impact if its population density, concentration of the industrial capacities (especially of the objects that additionally create the potential danger of the man-caused catastrophes such as nuclear-power stations, chemical enterprises, oil refineries and so on), concentration of transport and other means of communication, the technological complexity, the originality of the objects included in it as well as the originality of PETC by itself would be higher. The PETC with the unfavorable socio-political and ecological situation and underdeveloped management structures are more vulnerable. The estimation of regions by PETC vulnerability degree to the natural hazards were marked out on a base of data about the actual distribution of the natural hazards in Russia and analysis of the economic indices of the Russian Federation subjects. Among the economic indexes the per capita production of Gross Regional Product (GRP), population density, road density, the degree of appraisal depreciation of the fixed assets, the land cultivation degree of the territory, forest share and so on were taken into account. As the analysis showed, the economic and social factors of the natural risk growth are active in the majority of the regions of the Russian Federation. Such a situation demands the increased attention of state and local authorities to this problem for lowering the economic and social constituents of the growth of natural hazards.

  5. Global economic crisis and Africa's economic performance | Ekpo ...

    African Journals Online (AJOL)

    It is generally acknowledged that African economies were able to withstand the 2007/2008 global economic crisis because of better macroeconomic management. Macroeconomic fundamentals, such as growth, rate of inflation and deficit/GDP ratio, among others, appear to move in the right direction during and after the ...

  6. Impact of human resources on wine supply chain flexibility, quality, and economic performance

    Directory of Open Access Journals (Sweden)

    J. L. García-Alcaraz

    2016-09-01

    Full Text Available This article assesses the impact of human resources skills on production quality, flexibility, and economic performance of La Rioja’s wine supply chain. These four elements were integrated as latent variables composed of 15 observed variables and associated through six hypotheses. Data were gathered from 64 wineries located in La Rioja, Spain, and hypotheses were validated in a structural equation model using WarpPLS v.5 software. Results indicate that human resources skills have a positive direct impact on SC flexibility and quality, but not on economic performance; however, these variables are indirectly associated through SC quality and SC flexibility.

  7. Final report of the project performance assessment and economic evaluation of nuclear waste management

    International Nuclear Information System (INIS)

    Rasilainen, K.; Anttila, M.; Hautojaervi, A.

    1993-05-01

    The publication is the final report of project Performance Assessment and Economic Evaluation of Nuclear Waste Management (TOKA) at the Nuclear Engineering Laboratory of VTT (Technical Research Centre of Finland), forming part of the Publicly Financed Nuclear Waste Management Research Programme (JYT). The project covers safety and cost aspects of all phases of nuclear waste management. The main emphasis has been on developing an integrated system of models for performance assessment of nuclear waste repositories. During the four years the project has so far been in progress, the total amount of work has been around 14 person-years. Computer codes are the main tools in the project, they are either developed by the project team or acquired from abroad. In-house model development has been especially active in groundwater flow, near-field and migration modelling. The quantitative interpretation of Finnish tracer experiments in the laboratory and natural analogue studies at Palmottu support performance assessments via increased confidence in the migration concepts used. The performance assessment philosophy adopted by the team consists of deterministic modelling and pragmatic scenario analysis. This is supported by the long-term experience in practical performance assessment of the team, and in theoretical probabilistic modelling exercises. The radiological risks of spent fuel transportation from the Loviisa nuclear power plant to Russia have been analysed using a probabilistic computer code and Finnish traffic accident statistics. The project assists the authorities in the annual assessment of utility estimates of funding needs for future nuclear waste management operations. The models and methods used within the project are tested in international verification/validation projects

  8. The Prisoner's Dilemma and Economics 101: Do Active Learning Exercises Correlate with Student Performance?

    Science.gov (United States)

    Byun, Chong Hyun Christie

    2014-01-01

    The importance of active learning in the classroom has been well established in the field of Economic education. This paper examines the connection between active learning and performance outcomes in an Economics 101 course. Students participated in single play simultaneous move game with a clear dominant strategy, modeled after the Prisoner's…

  9. Risk factors and the economic impact of ovarian cysts on reproductive performance of dairy cows in Korea.

    Science.gov (United States)

    Kim, Ki-Doek; Ki, Kwang-Sook; Kang, Hyun-Gu; Kim, Ill-Hwa

    2005-08-01

    The objectives of this study were to determine the risk factors for development of postpartum ovarian cysts by evaluating several reproductive factors in individual cows, and to determine the economic impact of ovarian cysts on subsequent reproductive performance in dairy herds in Korea. The data, including cow parity, abnormal puerperium, endometritis, body condition score (BCS), and breeding status were collected from 634 cows in 9 dairy herds. We used logistic regression to evaluate the effects of these factors on ovarian cysts. A stepwise procedure, used to obtain the appropriate model with alpha=0.05, revealed that cow parity was the most important risk factor for ovarian cyst development within 8 weeks postpartum, while development of endometritis and BCS loss>or=1 from the dry period to 8 weeks postpartum were the most important risk factors for ovarian cyst development beyond 8 weeks postpartum. The occurrence of ovarian cysts beyond 8 weeks postpartum prolonged (Pconception (77 days), and increased (Prate (7.8%), while ovarian cyst development within 8 weeks postpartum did not affect (P>0.05) the mean intervals from calving to first service and conception or the culling rate. The economic loss resulting from the occurrence of ovarian cysts was estimated at approximately 823,996 won ($687) due to effects on the cost of nutrition, average growth of calves, labor and medical costs, and culling. These results suggest that cow parity is correlated with the development of ovarian cysts within 8 weeks postpartum, and endometritis and BCS loss>or=1 from the dry period to 8 weeks postpartum are correlated with the development of ovarian cysts after 8 weeks postpartum, which decreases reproductive performance and results in economic loss in dairy herds in Korea.

  10. Metric Indices for Performance Evaluation of a Mixed Measurement based State Estimator

    Directory of Open Access Journals (Sweden)

    Paula Sofia Vide

    2013-01-01

    Full Text Available With the development of synchronized phasor measurement technology in recent years, it gains great interest the use of PMU measurements to improve state estimation performances due to their synchronized characteristics and high data transmission speed. The ability of the Phasor Measurement Units (PMU to directly measure the system state is a key over SCADA measurement system. PMU measurements are superior to the conventional SCADA measurements in terms of resolution and accuracy. Since the majority of measurements in existing estimators are from conventional SCADA measurement system, it is hard to be fully replaced by PMUs in the near future so state estimators including both phasor and conventional SCADA measurements are being considered. In this paper, a mixed measurement (SCADA and PMU measurements state estimator is proposed. Several useful measures for evaluating various aspects of the performance of the mixed measurement state estimator are proposed and explained. State Estimator validity, performance and characteristics of the results on IEEE 14 bus test system and IEEE 30 bus test system are presented.

  11. Transport Infrastructure and Economic Growth: Spatial Effects

    Directory of Open Access Journals (Sweden)

    Artyom Gennadyevich Isaev

    2015-09-01

    Full Text Available The author specifies an empirical framework of neoclassical growth model in order to examine impact of transport infrastructure on economic growth in Russian regions during period of 2000-2013. Two different effects of infrastructure are considered. First, infrastructure is viewed as part of region’s own production function. Second, infrastructure generates spillover effect on adjacent regions’ economic performance which can be negative or positive. Results imply that road infrastructure has a positive influence on regional growth, but sign of railroad infrastructure coefficient depends on whether or not congestion effect is considered. Negative spillover effect is shown to exist in the case of road infrastructure. This apparently means that rapid road infrastructure development in some regions moves mobile factors of production away from adjacent regions retarding their economic development. The spillover effect of railroad infrastructure is significant and negative again only if congestion effect is considered. The results of estimation for the Far East and Baikal Regions separately demonstrate no significant effect of both types of infrastructure for economic performance and negative spillover effect of road infrastructure

  12. Instance Selection for Classifier Performance Estimation in Meta Learning

    OpenAIRE

    Marcin Blachnik

    2017-01-01

    Building an accurate prediction model is challenging and requires appropriate model selection. This process is very time consuming but can be accelerated with meta-learning–automatic model recommendation by estimating the performances of given prediction models without training them. Meta-learning utilizes metadata extracted from the dataset to effectively estimate the accuracy of the model in question. To achieve that goal, metadata descriptors must be gathered efficiently and must be inform...

  13. A service based estimation method for MPSoC performance modelling

    DEFF Research Database (Denmark)

    Tranberg-Hansen, Anders Sejer; Madsen, Jan; Jensen, Bjørn Sand

    2008-01-01

    This paper presents an abstract service based estimation method for MPSoC performance modelling which allows fast, cycle accurate design space exploration of complex architectures including multi processor configurations at a very early stage in the design phase. The modelling method uses a service...... oriented model of computation based on Hierarchical Colored Petri Nets and allows the modelling of both software and hardware in one unified model. To illustrate the potential of the method, a small MPSoC system, developed at Bang & Olufsen ICEpower a/s, is modelled and performance estimates are produced...

  14. PERFORMANCE OF THE ZERO FORCING PRECODING MIMO BROADCAST SYSTEMS WITH CHANNEL ESTIMATION ERRORS

    Institute of Scientific and Technical Information of China (English)

    Wang Jing; Liu Zhanli; Wang Yan; You Xiaohu

    2007-01-01

    In this paper, the effect of channel estimation errors upon the Zero Forcing (ZF) precoding Multiple Input Multiple Output Broadcast (MIMO BC) systems was studied. Based on the two kinds of Gaussian estimation error models, the performance analysis is conducted under different power allocation strategies. Analysis and simulation show that if the covariance of channel estimation errors is independent of the received Signal to Noise Ratio (SNR), imperfect channel knowledge deteriorates the sum capacity and the Bit Error Rate (BER) performance severely. However, under the situation of orthogonal training and the Minimum Mean Square Error (MMSE) channel estimation, the sum capacity and BER performance are consistent with those of the perfect Channel State Information (CSI)with only a performance degradation.

  15. South-East Region in Bulgaria: Economic Performance and Key Sectors Analysis

    Directory of Open Access Journals (Sweden)

    Antoaneta GOLEMANOVA

    2008-01-01

    Full Text Available The present paper attempts to provide insight into the economicperformance of the South-east region (SER of Bulgaria by presenting quantitativerelationships between sectors in the regional economy. Methodologically it is basedon the construction of the regional Input–Output model. It was carried out troughapplying the non-servey GRIT technique, based on Flegg & Webber locationquotient (2000. The dirived Rasmussen & Hirschman backward linkages andMattas & Shrestha input-output elasticities from the model enable to identify thekey economic sectors within the region. This could be considered as a starting pointfor the future impact assesment of different EU policies, as well as designing ofbetter regional development strategies, assuring better economic performance.

  16. Estimating regional long-term economic consequences of natural hazards - a case study of the 2005 flood event in Tyrol (Austria)

    Science.gov (United States)

    Pfurtscheller, C.; Lochner, B.; Brucker, A.

    2012-04-01

    The interaction of relief-driven alpine natural processes with the anthropogenic sphere often leads to natural disasters which significantly impact on remote alpine economies. When evaluating the effects of such events for future risk prevention strategies, it is essential to assess indirect losses. While the economic measurement of direct effects - the physical impact on structures and infrastructure - seems fairly manageable, less is known about the dimensions of indirect effects, especially on a local and regional scale within the Alps. The lack of standardized terminology, empirical data and methods to estimate indirect economic effects currently hampers profound decision support. In our study of the 2005 flood event in Tyrol, we surveyed companies from all sectors of the economy to identify the main drivers of indirect effects and interrupted economic flows. In collaboration with the Federal State administration, we extrapolate the total regional economic effects of this catastrophic event. Using quantitative and qualitative methods, we established and analysed a data pool of questionnaire and interview results as well as direct loss data. We mainly focus on the decrease in value creation and the negative impacts on tourism. We observed that disrupted traffic networks can have a highly negative impact, especially for the tourism sector in lateral alpine valleys. Within a month, turnover fell by approximately EUR 3.3 million in the investigated area. In the short run (until August 2006), the shortfall in touristic revenues in the Paznaun valley aggregated to approx. EUR 5.3 million. We observed that overnight stays rebound very quickly so that long-term effects are marginal. In addition, we tried to identify possible economical losers as well as winners of severe hazard impacts. In response to such flood events, high investments are made to improve disaster and risk management. Nearly 70% of the respondents specified the (re)construction sector and similar

  17. The Effect of Military Coup and Interventions on the Economic Performance: The Case of Turkey

    Directory of Open Access Journals (Sweden)

    Arif ÖZSAĞIR

    2013-12-01

    Full Text Available Some factors that affect the economic life indirectly but substantially at the same time are assumed exogenous or fixed by the traditional economics. However, these factors are considered fixed are the factors that affect the economy deeply. Political stability, verdicts devoid of justice, military coups and interventions, oligarchical bureaucratic structure, and terrorism are important factors assumed to be fixed. Although these factors may seem irrelevant at first glance, they have crucial impacts on economies. Important determinants of Turkey’s economic performance have been political decisions, the verdicts devoid of justice, in other words biased verdicts, military coups and interventions, oligarchical bureaucratic structure, and terrorism rather than economic policies. In this study, it is discussed that the effects of military coups and interventions on the performance of the economy in the context of Turkey example; and the hypothesis is validated within the framework of an econometric model.

  18. Americans misperceive racial economic equality.

    Science.gov (United States)

    Kraus, Michael W; Rucker, Julian M; Richeson, Jennifer A

    2017-09-26

    The present research documents the widespread misperception of race-based economic equality in the United States. Across four studies ( n = 1,377) sampling White and Black Americans from the top and bottom of the national income distribution, participants overestimated progress toward Black-White economic equality, largely driven by estimates of greater current equality than actually exists according to national statistics. Overestimates of current levels of racial economic equality, on average, outstripped reality by roughly 25% and were predicted by greater belief in a just world and social network racial diversity (among Black participants). Whereas high-income White respondents tended to overestimate racial economic equality in the past, Black respondents, on average, underestimated the degree of past racial economic equality. Two follow-up experiments further revealed that making societal racial discrimination salient increased the accuracy of Whites' estimates of Black-White economic equality, whereas encouraging Whites to anchor their estimates on their own circumstances increased their tendency to overestimate current racial economic equality. Overall, these findings suggest a profound misperception of and unfounded optimism regarding societal race-based economic equality-a misperception that is likely to have any number of important policy implications.

  19. Economic Difficulty and Coping Strategies of Low Income Faculty Members as Related to their Teaching Performance

    Directory of Open Access Journals (Sweden)

    Ronaldo F. Frufonga

    2015-11-01

    Full Text Available This study ascertained the relationship between difficulties and coping strategies as related to teaching performance of West Visayas State University-Janiuay Campus (WVSU-JC faculty for the School Year 2014-2015. The survey-correlational method was used with teaching performance as dependent variables, experienced economic difficulties as the independent variable, and coping strategy as moderator variable. The participants in the study were the 52 faculty who were selected through purposive sampling. Data were gathered through a researcher-made questionnaire-checklist and Faculty Performance Evaluation System. The statistical tools used were frequency count, rank, mean, standard deviation, and Pearson's Product-Moment Coefficient of Correlation. All statistical computations were availed of through the Statistical Package for the Social Sciences (SPSS software. Results revealed that the top economic difficulty experienced by faculty was limited cash. The topmost coping strategy employed by faculty was buying only basic foods or things for household. The faculty also experienced economic difficulty to a “moderate extent.” Nevertheless, the performance of the faculty was found to be “outstanding.” Teachers were affected by such financial crisis. However, despite their experienced economic difficulties, as major agents for change, they performed their best for the improvement of quality education. No significant relationships existed between coping strategies and teaching performance of faculty.

  20. Evaluation of economic and performance outcomes associated with the number of treatments after an initial diagnosis of bovine respiratory disease in commercial feeder cattle.

    Science.gov (United States)

    Cernicchiaro, Natalia; White, Brad J; Renter, David G; Babcock, Abram H

    2013-02-01

    To evaluate associations between economic and performance outcomes with the number of treatments after an initial diagnosis of bovine respiratory disease (BRD) in commercial feedlot cattle. 212,867 cattle arriving in a Midwestern feedlot between 2001 and 2006. An economic model was created to estimate net returns. Generalized linear mixed models were used to determine associations between the frequency of BRD treatments and other demographic variables with economic and performance outcomes. Net returns decreased with increasing number of treatments for BRD. However, the magnitude depended on the season during which cattle arrived at the feedlot, with significantly higher returns for cattle arriving during fall and summer than for cattle arriving during winter and spring. For fall arrivals, there were higher mean net returns for cattle that were never treated ($39.41) than for cattle treated once ($29.49), twice ($16.56), or ≥ 3 times (-$33.00). For summer arrivals, there were higher least squares mean net returns for cattle that were never treated ($31.83) than for cattle treated once ($20.22), twice ($6.37), or ≥ 3 times ($-42.56). Carcass traits pertaining to weight and quality grade were deemed responsible for differences in net returns among cattle receiving different numbers of treatments after an initial diagnosis of BRD. Differences in economic net returns and performance outcomes for feedlot cattle were determined on the basis of number of treatments after an initial diagnosis of BRD; the analysis accounted for the season of arrival, sex, and weight class.

  1. The Impact of the Public Support for R & D on the Economic Performance of SMEs

    OpenAIRE

    Ivana Blažková

    2016-01-01

    The article is focused on evaluation of impacts of the project support for research, development and innovations on the economic performance of small and medium-sized enterprises. The set of analysed enterprises was composed of 182 SMEs operating in the Region of South Moravia in the Czech Republic, which were active in R & D in 2012 and 2013. There were evaluated public sources of funding for innovation activities and selected financial ratios of economic performance. The hypotheses abou...

  2. Cooperation, social capital and economic performance

    Directory of Open Access Journals (Sweden)

    Marcos Fernandes Gonçalves da Silva

    2006-09-01

    Full Text Available The objective of this paper is to define social capital as social infrastructure and to try to include this variable in an economic growth model. Considering social capital in such a way could have an impact on the productivity of production factors. Firstly, I will discuss how institutional variables can affect growth. Secondly, after analyzing several definitions of social capital, I will point out the benefits and problems of each one and will define social capital as social infrastructure, aiming to introduce this variable into an economic growth model. Finally, I will try to open the way for subsequent empirical studies, both in the area of measuring the stock of social infrastructure as well as those comparing economies, with the idea of showing the impact of social infrastructure on economic growth.

  3. Economic performance of liquid-metal fast breeder reactor and gas-cooled fast reactor radial blankets

    International Nuclear Information System (INIS)

    Tsoulfanidis, N.; Jankhah, M.H.

    1979-01-01

    The economic performance of the radial blanket of a liquid-metal fast breeder reactor (LMFBR) and a gas-cooled fast reactor (GCFR) has been studied based on the calculation of the net financial gain as well as the value of the levelized fuel cost. The necessary reactor physics calculations have been performed using the code CITATION, and the economic analysis has been carried out with the code ECOBLAN, which has been written for that purpose. The residence time of fuel in the blanket is the main variable of the economic analysis. Other parameters that affect the results and that have been considered are the value of plutonium, the price of heat, the effective cost of money, and the holdup time of the spent fuel before reprocessing. The results show that the radial blanket of both reactors is a producer of net positive income for a broad range of values of the parameters mentioned above. The position of the fuel in the blanket and the fuel management scheme applied affect the monetary gain. There is no significant difference between the economic performance of the blanket of an LMFBR and a GCFR

  4. Productive Government Expenditure and Economic Performance in sub-Saharan Africa: An Empirical Investigation

    Directory of Open Access Journals (Sweden)

    Adefeso Hammed Adetola

    2016-11-01

    Full Text Available This study examined the effect of government expenditure on its disaggregated level on economic growth in a sample of 20 sub-Saharan African Countries over the period of 1980-2010 in a dynamic panel data model. The result from Generalised Method of Moments (GMM revealed an inverse relationship between productive government expenditure and economic growth in sub-Sahara Africa. Also, productive government expenditures were not actually productive most especially when financed by non-distortonary government tax revenue in sub-Saharan African countries. The study concluded that the productive government expenditure and its corresponding source of the mode of financing were counterproductive for economic performance in the African countries.

  5. Finding the economics in economic entomology.

    Science.gov (United States)

    Onstad, David W; Knolhoff, Lisa M

    2009-02-01

    To recommend new pest management tactics and strategies to farmers and policy makers, economic entomologists must evaluate the economics of biologically reasonable approaches. We collected data to determine how frequently these economic evaluations occur. We discovered from our survey of entomological journals representing the discipline of economic entomology that papers published since 1972 include economic evaluations of pest management tactics. At least 85% of these analyses were performed by entomologists and not economists. Much of the research on economic evaluations is performed without special funds granted by agencies separate from the authors' institutions. In the United States, USDA competitive grants supported 20% of the economic evaluations published since 2000. However, only approximately 12% of the projects funded since 2000 by three sections of the USDA (Crops at Risk, Risk Avoidance and Mitigation Program, and Pest Management Alternatives Program) resulted in publications concerning economic evaluations. If the purpose of economic entomology is to ultimately determine the value of different kinds of tactics, the discipline may need to take steps to enhance the research that supports these evaluations.

  6. Thermo-economic performance of inclined solar water distillation systems

    Directory of Open Access Journals (Sweden)

    Agboola Phillips O.

    2015-01-01

    Full Text Available This study investigates the thermo-economic performance of different configurations of inclined solar water desalination for parameters such as daily production, efficiency, system cost and distilled water production cost. The four different configurations considered for this study are as follows; 1. Inclined solar water distillation with bare absorber plate (IISWD with daily production of 5.46 kg/m2 day and daily efficiency of 48.3%. 2. Inclined solar water distillation with wick on absorber plate (IISWDW with daily production of 6.41kg/m2 day and daily efficiency 50.3%. 3. Inclined solar water distillation with wire mesh on absorber plate (IISWDWM with daily production n of 3.03 kg/m2 day and daily efficiency 32.6%. 4. Inclined solar water distillation with bare absorber plate (ISWD. (Control System with daily production of 3.25 kg/m2 day and daily efficiency of 40.1%. The systems potable water cost price ranges from 0.03 $/L for IISWDW to 0.06$/L for IISWDWM System. All the systems are economically and technically feasible as a solar distillation system for potable water in Northern Cyprus. The price of potable water from water vendors/hawkers ranges from 0.11-0.16 $/L. It is more economically viable to have the rooftop inclined solar water desalination system than procuring potable water from vendors.`

  7. The Economic Burden of Malnutrition in Pregnant Women and Children under 5 Years of Age in Cambodia.

    Science.gov (United States)

    Moench-Pfanner, Regina; Silo, Sok; Laillou, Arnaud; Wieringa, Frank; Hong, Rathamony; Hong, Rathavuth; Poirot, Etienne; Bagriansky, Jack

    2016-05-14

    Malnutrition is locked in a vicious cycle of increased mortality, poor health, impaired cognitive development, slow physical growth, reduced learning capacity, inferior performance, and ultimately lower adult work performance and productivity. The consensus of global scientific evidence indicates that lowering the rates of malnutrition will be an indispensable component of any successful program to raise the quality of human capital and resources. This study used a "consequence model" to apply the coefficient risk-deficit on economic losses, established in the global scientific literature, to Cambodian health, demographic, and economic data to develop a national estimate of the value of economic losses due to malnutrition. The impact of the indicators of malnutrition analyzed represent a burden to the national economy of Cambodia estimated at 266 million USD annually (1.7% of GDP). Stunting is reducing the Cambodian economic output by more than 120 million USD, and iodine deficiency disorders alone by 57 million USD. This economic burden is too high in view of Cambodia's efforts to drive economic development. The government should rapidly expand a range of low-cost effective nutrition interventions to break the current cycle of increased mortality, poor health and ultimately lower work performance, productivity, and earnings.

  8. An Attempt to Assess the Quantitative Impact of Institutions on Economic Growth and Economic Development

    Directory of Open Access Journals (Sweden)

    Próchniak Mariusz

    2014-10-01

    Full Text Available This study aims at assessing to what extent institutional environment is responsible for worldwide differences in economic growth and economic development. To answer this question, we use an innovative approach based on a new concept of the institutions-augmented Solow model which is then estimated empirically using regression equations. The analysis covers 180 countries during the 1993-2012 period. The empirical analysis confirms a large positive impact of the quality of institutional environment on the level of economic development. The positive link has been evidenced for all five institutional indicators: two indices of economic freedom (Heritage Foundation and Fraser Institute, the governance indicator (World Bank, the democracy index (Freedom House, and the EBRD transition indicator for post-socialist countries. Differences in physical capital, human capital, and institutional environment explain about 70-75% of the worldwide differences in economic development. The institutions-augmented Solow model, however, performs slightly poorer in explaining differences in the rates of economic growth: only one institutional variable (index of economic freedom has a statistically significant impact on economic growth. In terms of originality, this paper extends the theoretical analysis of the Solow model by including institutions, on the one hand, and shows a comprehensive empirical analysis of the impact of various institutional indicators on both the level of development and the pace of economic growth, on the other. The results bring important policy implications.

  9. Sustainability and Economic Performance of the Companies in the Renewable Energy Sector in Romania

    Directory of Open Access Journals (Sweden)

    Mihail Busu

    2017-12-01

    Full Text Available In this paper, we focus on the sustainability and economic performance of the renewable energy sector of Romania. In our analysis, we have used Total Quality Management (TQM model, which is an economic modern tool used for improving the quality of management for all companies. The aim of this study is to bring into discussion the conceptualized TQM model of Edward Deming underlying different stages of its evolution as it is described in the economic literature. Conceptual model is applied in a case study of the renewable energy sector of Romania. The quantitative research evaluates the impact of the total quality management to achieve the sustainable development, performance objectives and the competitive advantage of the companies in the renewable energy sector. Data was collected through a survey and the questionnaire was addressed to the management and employees in the renewable energy sector. Structural equation modelling (SEM was used and the hypotheses were tested by partial least square (PLS equations. Data was analyzed through the Smart PLS 3 software. The main contribution of this paper is to identify and evaluate the relationship among sustainable development, economic performance of the companies and TQM model indicators. The conclusions of our research are in line with the existing literature and confirm the theoretical assumptions, underlining the fact that the undertaking’s performance and sustainable development is a direct consequence of the combination among a series of factors like decisional power quality, motivated workforce as well as integrity of operational process.

  10. Clinical laboratory as an economic model for business performance analysis

    Science.gov (United States)

    Buljanović, Vikica; Patajac, Hrvoje; Petrovečki, Mladen

    2011-01-01

    Aim To perform SWOT (strengths, weaknesses, opportunities, and threats) analysis of a clinical laboratory as an economic model that may be used to improve business performance of laboratories by removing weaknesses, minimizing threats, and using external opportunities and internal strengths. Methods Impact of possible threats to and weaknesses of the Clinical Laboratory at Našice General County Hospital business performance and use of strengths and opportunities to improve operating profit were simulated using models created on the basis of SWOT analysis results. The operating profit as a measure of profitability of the clinical laboratory was defined as total revenue minus total expenses and presented using a profit and loss account. Changes in the input parameters in the profit and loss account for 2008 were determined using opportunities and potential threats, and economic sensitivity analysis was made by using changes in the key parameters. The profit and loss account and economic sensitivity analysis were tools for quantifying the impact of changes in the revenues and expenses on the business operations of clinical laboratory. Results Results of simulation models showed that operational profit of €470 723 in 2008 could be reduced to only €21 542 if all possible threats became a reality and current weaknesses remained the same. Also, operational gain could be increased to €535 804 if laboratory strengths and opportunities were utilized. If both the opportunities and threats became a reality, the operational profit would decrease by €384 465. Conclusion The operational profit of the clinical laboratory could be significantly reduced if all threats became a reality and the current weaknesses remained the same. The operational profit could be increased by utilizing strengths and opportunities as much as possible. This type of modeling may be used to monitor business operations of any clinical laboratory and improve its financial situation by

  11. Regional economic activity and absenteeism: a new approach to estimating the indirect costs of employee productivity loss.

    Science.gov (United States)

    Bankert, Brian; Coberley, Carter; Pope, James E; Wells, Aaron

    2015-02-01

    This paper presents a new approach to estimating the indirect costs of health-related absenteeism. Productivity losses related to employee absenteeism have negative business implications for employers and these losses effectively deprive the business of an expected level of employee labor. The approach herein quantifies absenteeism cost using an output per labor hour-based method and extends employer-level results to the region. This new approach was applied to the employed population of 3 health insurance carriers. The economic cost of absenteeism was estimated to be $6.8 million, $0.8 million, and $0.7 million on average for the 3 employers; regional losses were roughly twice the magnitude of employer-specific losses. The new approach suggests that costs related to absenteeism for high output per labor hour industries exceed similar estimates derived from application of the human capital approach. The materially higher costs under the new approach emphasize the importance of accurately estimating productivity losses.

  12. Novel geometrical concept of a high-performance brain PET scanner. Principle, design and performance estimates

    International Nuclear Information System (INIS)

    Seguinot, J.; Braem, A.; Chesi, E.

    2006-01-01

    We present the principle, a possible implementation and performance estimates of a novel geometrical concept for a high-resolution positron emission tomograph. The concept, which can be for example implemented in a brain PET device, promises to lead to an essentially parallax-free 3D image reconstruction with excellent spatial resolution and contrast, uniform over the complete field of view. The key components are matrices of long axially oriented scintillator crystals which are read out at both extremities by segmented Hybrid Photon Detectors. We discuss the relevant design considerations for a 3D axial PET camera module, motivate parameter and material choices, and estimate its performance in terms of spatial and energy resolution. We support these estimates by Monte Carlo simulations and in some cases by first experimental results. From the performance of a camera module, we extrapolate to the reconstruction resolution of a 3D axial PET scanner in a semi-analytical way and compare it to an existing state-of-the art brain PET device. We finally describe a dedicated data acquisition system, capable to fully exploit the advantages of the proposed concept

  13. A population-based estimate of the economic burden of influenza in Peru, 2009-2010.

    Science.gov (United States)

    Tinoco, Yeny O; Azziz-Baumgartner, Eduardo; Rázuri, Hugo; Kasper, Matthew R; Romero, Candice; Ortiz, Ernesto; Gomez, Jorge; Widdowson, Marc-Alain; Uyeki, Timothy M; Gilman, Robert H; Bausch, Daniel G; Montgomery, Joel M

    2016-07-01

    Influenza disease burden and economic impact data are needed to assess the potential value of interventions. Such information is limited from resource-limited settings. We therefore studied the cost of influenza in Peru. We used data collected during June 2009-December 2010 from laboratory-confirmed influenza cases identified through a household cohort in Peru. We determined the self-reported direct and indirect costs of self-treatment, outpatient care, emergency ward care, and hospitalizations through standardized questionnaires. We recorded costs accrued 15-day from illness onset. Direct costs represented medication, consultation, diagnostic fees, and health-related expenses such as transportation and phone calls. Indirect costs represented lost productivity during days of illness by both cases and caregivers. We estimated the annual economic cost and the impact of a case of influenza on a household. There were 1321 confirmed influenza cases, of which 47% sought health care. Participants with confirmed influenza illness paid a median of $13 [interquartile range (IQR) 5-26] for self-treatment, $19 (IQR 9-34) for ambulatory non-medical attended illness, $29 (IQR 14-51) for ambulatory medical attended illness, and $171 (IQR 113-258) for hospitalizations. Overall, the projected national cost of an influenza illness was $83-$85 millions. Costs per influenza illness represented 14% of the monthly household income of the lowest income quartile (compared to 3% of the highest quartile). Influenza virus infection causes an important economic burden, particularly among the poorest families and those hospitalized. Prevention strategies such as annual influenza vaccination program targeting SAGE population at risk could reduce the overall economic impact of seasonal influenza. © 2015 The Authors. Influenza and Other Respiratory Viruses Published by John Wiley & Sons Ltd.

  14. Economic competitiveness : performance measures for transportation : review of literature and best practices.

    Science.gov (United States)

    2008-11-01

    The New York State Department of Transportation (NYSDOT) is developing a comprehensive set of measures that link investments in transportation to the general economic performance of the New York State Economy. The agency would like to understand in p...

  15. Performing Economic Evaluation of Integrated Care: Highway to Hell or Stairway to Heaven?

    Science.gov (United States)

    Stein, K. Viktoria; Evers, Silvia; Rutten-van Mölken, Maureen

    2016-01-01

    Health economists are increasingly interested in integrated care in order to support decision-makers to find cost-effective solutions able to tackle the threat that chronic diseases pose on population health and health and social care budgets. However, economic evaluation in integrated care is still in its early years, facing several difficulties. The aim of this paper is to describe the unique nature of integrated care as a topic for economic evaluation, explore the obstacles to perform economic evaluation, discuss methods and techniques that can be used to address them, and set the basis to develop a research agenda for health economics in integrated care. The paper joins the voices that call health economists to pay more attention to integrated care and argues that there should be no more time wasted for doing it. PMID:28316543

  16. Relating the carbon footprint of milk from Irish dairy farms to economic performance.

    Science.gov (United States)

    O'Brien, D; Hennessy, T; Moran, B; Shalloo, L

    2015-10-01

    Mitigating greenhouse gas (GHG) emissions per unit of milk or the carbon footprint (CF) of milk is a key issue for the European dairy sector given rising concerns over the potential adverse effects of climate change. Several strategies are available to mitigate GHG emissions, but producing milk with a low CF does not necessarily imply that a dairy farm is economically viable. Therefore, to understand the relationship between the CF of milk and dairy farm economic performance, the farm accountancy network database of a European Union nation (Ireland) was applied to a GHG emission model. The method used to quantify GHG emissions was life cycle assessment (LCA), which was independently certified to comply with the British standard for LCA. The model calculated annual on- and off-farm GHG emissions from imported inputs (e.g., electricity) up to the point milk was sold from the farm in CO2-equivalent (CO2-eq). Annual GHG emissions computed using LCA were allocated to milk based on the economic value of dairy farm products and expressed per kilogram of fat- and protein-corrected milk (FPCM). The results showed for a nationally representative sample of 221 grass-based Irish dairy farms in 2012 that gross profit averaged € 0.18/L of milk and € 1,758/ha and gross income was € 40,899/labor unit. Net profit averaged € 0.08/L of milk and € 750/ha and net income averaged € 18,125/labor unit. However, significant variability was noted in farm performance across each financial output measure. For instance, net margin per hectare of the top one-third of farms was 6.5 times higher than the bottom third. Financial performance measures were inversely correlated with the CF of milk, which averaged 1.20 kg of CO2-eq/kg of FPCM but ranged from 0.60 to 2.13 kg of CO2-eq/kg of FPCM. Partial least squares regression analysis of correlations between financial and environmental performance indicated that extending the length of the grazing season and increasing milk production

  17. Estimating the Economic Attractiveness of Investment Projects in Conditions of Uncertainty and Risk with the Use of Sensitivity Analysis

    Directory of Open Access Journals (Sweden)

    Kotsyuba Oleksiy S.

    2018-02-01

    Full Text Available The article is concerned with the methodology of economic substantiation of real investments in case of considerable lack of information on possible fluctuations of initial parameters and the resulting risk. The analysis of sensitivity as the main instrument for accounting the risk in the indicated problem situation is the focus of the presented research. In the publication, on the basis of the apparatus of interval mathematics, a set of models for comparative estimation of economic attractiveness (efficiency of alternative investment projects in conditions of uncertainty and risk is formulated, using the sensitivity analysis. The developed instrumentarium assumes both mono- and poly-interval version of the sensitivity analysis. As the risk component in the constructed models is used: in some – values of the specially developed sensitivity coefficient, in others – the worst values, which are based on the interval estimations of the partial criteria of efficiency. The sensitivity coefficient, according to the approach proposed in the publication, is the ratio of the target semi-range of variation to the increase (economy of efficiency, which is provided when the basic level of the analyzed partial criterion of economic attractiveness in comparison with some of its threshold (limit value is being reached.

  18. Farm-specific economic value of automatic lameness detection systems in dairy cattle: From concepts to operational simulations.

    Science.gov (United States)

    Van De Gucht, Tim; Saeys, Wouter; Van Meensel, Jef; Van Nuffel, Annelies; Vangeyte, Jurgen; Lauwers, Ludwig

    2018-01-01

    Although prototypes of automatic lameness detection systems for dairy cattle exist, information about their economic value is lacking. In this paper, a conceptual and operational framework for simulating the farm-specific economic value of automatic lameness detection systems was developed and tested on 4 system types: walkover pressure plates, walkover pressure mats, camera systems, and accelerometers. The conceptual framework maps essential factors that determine economic value (e.g., lameness prevalence, incidence and duration, lameness costs, detection performance, and their relationships). The operational simulation model links treatment costs and avoided losses with detection results and farm-specific information, such as herd size and lameness status. Results show that detection performance, herd size, discount rate, and system lifespan have a large influence on economic value. In addition, lameness prevalence influences the economic value, stressing the importance of an adequate prior estimation of the on-farm prevalence. The simulations provide first estimates for the upper limits for purchase prices of automatic detection systems. The framework allowed for identification of knowledge gaps obstructing more accurate economic value estimation. These include insights in cost reductions due to early detection and treatment, and links between specific lameness causes and their related losses. Because this model provides insight in the trade-offs between automatic detection systems' performance and investment price, it is a valuable tool to guide future research and developments. Copyright © 2018 American Dairy Science Association. Published by Elsevier Inc. All rights reserved.

  19. A Choice Experiment for the Estimation of the Economic Value of the River Ecosystem: Management Policies for Sustaining NATURA (2000) species and the Coastal Environment

    OpenAIRE

    Phoebe Koundouri; Riccardo Scarpa; Mavra Stithou

    2013-01-01

    The valuation method of Choice Experiments (CEs) is often used for the economic valuation of natural areas with several nonmarket features that are either degraded or under-degradation. This method can be used to obtain estimates of Willingness-to-Pay (WTP) for the sustainability of several features of natural ecosystems. In particular, the CE method is a survey-based nonmarket valuation technique which can be used to estimate the total economic value of an environmental good in the form of a...

  20. Information Trading by Corporate Insiders Based on Accounting Accruals - Forecasting Economic Performance

    NARCIS (Netherlands)

    Hodgson, A.; van Praag, B.

    2006-01-01

    In this paper, we test whether directors’ (corporate insiders) trading in Australia, based on accounting accruals, provides incremental information in forecasting a firm's economic performance. We determine that directors’ trading on negative accruals in larger firms has greater forecasting content

  1. The economic performance of supply chain(s) served by the mega freight transport vehicles

    NARCIS (Netherlands)

    Janic, M.

    2014-01-01

    This paper deals with the economic performances of supply chain(s) served by different including the mega freight transport vehicles. These performances are considered as a dimension of the supply chain’s sustainability together with the infrastructural, technical/technological, operational,

  2. EMPIRICAL RESEARCH ON THE STRUCTURE OF A SYSTEM FOR ASSESSMENT OF THE GLOBAL PERFORMANCE OF ECONOMIC ENTITIES

    Directory of Open Access Journals (Sweden)

    Pintea Mirela-Oana

    2012-07-01

    Full Text Available Sustainable development and, therefore, globalization require new standards of performance that exceeds the economic field, both for domestic companies as well as international ones. So, these standards should be integrated into corporate strategy development to ensure sustainability of activities undertaken by harmonizing the economic, social and environmental objectives. For sustainable development of an entity, value creation can not be seen in strictly financial terms, therefore any strategies that are defined by entities concerns not only the quantitative aspects (economic-financial but also qualitative aspects (social and environmental. This study attempts to address the issue of building a set of indicators to assess overall performance and it stops at each of the three dimensions of performance, namely economic performance, social performance and environmental performance. In this scientific approach we try to stop on one of the priorities of economic research that is finding indicators that better reflect the three dimensions of performance. What indicators would best represent the overall performance?, What indicators would best represent the financial performance?, What indicators would best represent social performance?, What would be the best indicators of environmental performance? During this scientific approach will try to answer each of these questions through the empirical research conducted. To do this research we focused on statistical population consisting of the following categories of analysts: analysts from academic environment (Cluj-Napoca, Bucharest, Timisoara, Iasi, Craiova, Sibiu, Pitesti, Galati and financial analysts from the specific departments of the Financial Investment Services Company (Broker SA, BT Securities, Target Capital, Tradeville, Estinvest, Intercapital, KBC Securities, etc.. This distinction was made because we believe that in determining the optimal structure of such a model we need the views of

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

    Science.gov (United States)

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

    2007-09-01

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

  4. Essays on parametric and nonparametric modeling and estimation with applications to energy economics

    Science.gov (United States)

    Gao, Weiyu

    My dissertation research is composed of two parts: a theoretical part on semiparametric efficient estimation and an applied part in energy economics under different dynamic settings. The essays are related in terms of their applications as well as the way in which models are constructed and estimated. In the first essay, efficient estimation of the partially linear model is studied. We work out the efficient score functions and efficiency bounds under four stochastic restrictions---independence, conditional symmetry, conditional zero mean, and partially conditional zero mean. A feasible efficient estimation method for the linear part of the model is developed based on the efficient score. A battery of specification test that allows for choosing between the alternative assumptions is provided. A Monte Carlo simulation is also conducted. The second essay presents a dynamic optimization model for a stylized oilfield resembling the largest developed light oil field in Saudi Arabia, Ghawar. We use data from different sources to estimate the oil production cost function and the revenue function. We pay particular attention to the dynamic aspect of the oil production by employing petroleum-engineering software to simulate the interaction between control variables and reservoir state variables. Optimal solutions are studied under different scenarios to account for the possible changes in the exogenous variables and the uncertainty about the forecasts. The third essay examines the effect of oil price volatility on the level of innovation displayed by the U.S. economy. A measure of innovation is calculated by decomposing an output-based Malmquist index. We also construct a nonparametric measure for oil price volatility. Technical change and oil price volatility are then placed in a VAR system with oil price and a variable indicative of monetary policy. The system is estimated and analyzed for significant relationships. We find that oil price volatility displays a significant

  5. Models of economic geography : dynamics, estimation and policy evaluation

    NARCIS (Netherlands)

    Knaap, Thijs

    2004-01-01

    In this thesis we look at economic geography models from a number of angles. We started by placing the theory in a context of preceding theories, both earlier work on spatial economics and other children of the monopolistic competition ‘revolution.’ Next, we looked at the theoretical properties of

  6. Los Alamos National Laboratory Economic Analysis Capability Overview

    Energy Technology Data Exchange (ETDEWEB)

    Boero, Riccardo [Los Alamos National Lab. (LANL), Los Alamos, NM (United States). Information Systems and Modeling Group; Edwards, Brian Keith [Los Alamos National Lab. (LANL), Los Alamos, NM (United States). Information Systems and Modeling Group; Pasqualini, Donatella [Los Alamos National Lab. (LANL), Los Alamos, NM (United States). Information Systems and Modeling Group; Rivera, Michael Kelly [Los Alamos National Lab. (LANL), Los Alamos, NM (United States). Information Systems and Modeling Group

    2016-04-19

    Los Alamos National Laboratory has developed two types of models to compute the economic impact of infrastructure disruptions. FastEcon is a fast running model that estimates first-­order economic impacts of large scale events such as hurricanes and floods and can be used to identify the amount of economic activity that occurs in a specific area. LANL’s Computable General Equilibrium (CGE) model estimates more comprehensive static and dynamic economic impacts of a broader array of events and captures the interactions between sectors and industries when estimating economic impacts.

  7. Legal System as a Determinant of Economic Performance: Factual Records in Romania

    Directory of Open Access Journals (Sweden)

    Clipa Raluca Irina

    2012-05-01

    Full Text Available The role of the legal system in generating economic performance is enjoying increased attention inliterature. Our scientific endeavour tries to underline, from an original perspective, the incoherence whichcharacterises the Romanian law and judicial system; at the same time, it also offers a few solutions meant torestore and reconsider the role of public institutions in the legislative and judicial process. Considering thefacts presented in our study, the existence of efficient legal institutions, who enforce contracts ex post whileusing the judicial infrastructure (courts and judicial procedures, is more than critical for the formation of anagreement of will between contracting parties, thus generating economic performance for privateorganisations by reducing transaction costs and by limiting the opportunism of economic agents. Equity,predictability, transparency and reduced costs are advantages deriving from the legal enforcement ofcontracts, which stimulate competition and trade, while reducing the risks associated with different types oftransactions. Thus, it is necessary to implement an anti-corruption policy, to enhance the predictability of thelaw-making process, to reconsider and restore the attributions of institutions involved in the Romanianlegislative and judiciary process, in order to promote proper civil and commercial judicial procedures,together with the analysis of the possibility to acknowledge jurisprudence as a source of law.

  8. Factors affecting economic performance of nuclear power projects in the USA and abroad

    International Nuclear Information System (INIS)

    Braun, C.

    1988-01-01

    Trends in nuclear power economics in the USA, as well as in other large power programmes, are reviewed in this paper. The current US coal/nuclear economic situation, the implications for operating cost improvements and the potential for the introduction of new low-cost nuclear units are discussed. The average economic advantage of nuclear over coal plants has been significantly eroded over the last four years, though the rate of decline has recently slowed. Discussion of an average plant's performance indices is always imprecise, given the wide distribution of the costs data. However, several nuclear power plants can be identified whose total generation costs in 1985 were less than coal units' variable costs or total generation expenses. It is concluded that the impact of new, low-cost plants on improving the overall US nuclear/coal economics will require a long time to make itself felt. In the near term the most cost effective methods for improving US nuclear power economics are a reduction in operating expenses and an increase in average plant capacity factors. (author). 9 refs, 9 figs

  9. Thermodynamics, data estimation and performance assessment

    International Nuclear Information System (INIS)

    Grenthe, I.

    2002-01-01

    Performance assessment provides a narrative of a system and its development. One may use a literary metaphor; the procedure is like writing a novel where the 'chapters' are the various sub-systems and where both the 'plot' and the 'grammar' are based on scientific and other information, some hard facts and other more or less reliable guesses. I will begin with some general remarks on models, which may provide a useful starting point for what follows. - Models never provide complete descriptions of real systems; they are used to highlight certain aspects of them and to answer 'what-if' questions; - Modelling is an iterative process that provides guidance as to what are important phenomena and what is less relevant for the description of the system and its function; - It is necessary to distinguish between model uncertainties and parameter uncertainties; - It is often better to estimate a quantity for which no data are available than to exclude the particular process where it is needed. Thermodynamics provide not only numerical values for different chemical processes, but more important a theory framework that can be used for the estimation of data. I will not discuss activity coefficient corrections of thermodynamic data, an important area that has already been addressed by Professor Fanghaenel. In the following overview I will be using examples of estimations of different kinds to illustrate what can be accomplished using thermodynamics in combination with chemical theories. (author)

  10. Economic appraisal of the angioplasty procedures performed in 2004 in a high-volume diagnostic and interventional cardiology unit.

    Science.gov (United States)

    Manari, Antonio; Costa, Elena; Scivales, Alessandro; Ponzi, Patrizia; Di Stasi, Francesca; Guiducci, Vincenzo; Pignatelli, Gianluca; Giacometti, Paola

    2007-10-01

    Growing interest in the use of drug-eluting stents (DESs) in coronary angioplasty has prompted the Healthcare Agency of the Emilia Romagna Region to draw up recommendations for their appropriate clinical use in high-risk patients. Since the adoption of any new technology necessitates economic appraisal, we analysed the resource consumption of the various types of angioplasty procedures and the impact on the budget of a cardiology department. A retrospective economic appraisal was carried out on the coronary angioplasty procedures performed in 2004 in the Department of Interventional Cardiology of Reggio Emilia. On the basis of the principles of activity-based costing, detailed hospital costs were estimated for each procedure and compared with the relevant diagnosis-related group (DRG) reimbursement. In 2004, the Reggio Emilia hospital performed 806 angioplasty procedures for a total expenditure of euro 5,176,268. These were 93 plain old balloon angioplasty procedures (euro 487,329), 401 procedures with bare-metal stents (euro 2,380,071), 249 procedures with DESs (euro 1,827,386) and 63 mixed procedures (euro 481,480). Reimbursements amounted to euro 5,816,748 (11% from plain old balloon angioplasty, 50% from bare-metal stent, 31% from DES and 8% from mixed procedures) with a positive margin of about euro 680,480 between costs incurred and reimbursements obtained, even if the reimbursement for DES and mixed procedures was not covering all the incurred costs. Analysis of the case-mix of procedures revealed that an overall positive margin between costs and DRG reimbursements was achieved. It therefore emerges that adherence to the indications of the Healthcare Agency of the Emilia Romagna Region for the appropriate clinical use of DESs is economically sustainable from the hospital enterprise point of view, although the DRG reimbursements are not able to differentiate among resource consumptions owing to the adoption of innovative technologies.

  11. Comparative Analysis Of Financial Performance Banking Before And After The Global Economic Crisis In 2008

    Directory of Open Access Journals (Sweden)

    Sri Indrastuti S.

    2017-11-01

    Full Text Available This research was conducted at the Regional Development Bank BPD in Indonesia. This study aims to examine and obtain empirical evidence about the comparative financial performance of regional banks after the global crisis with a view of its financial ratio which includes a ratio ROA CAR COF GMP LDR NIM ROA and ROE. This study further whether there was a significant difference in the time before and after the global economic crisis of 2008.The method used is a saturated or census sampling of the 26 Bank Pembangunan Daerah BPD. This study uses secondary data obtained from financial statement data Regional Development Bank for the period 2006 to 2010. The analytical tool used to determine differences in financial performance before and after the global economic crisis of 2008 was Paired sample T test for normally distributed data. If the data were not normally distributed using the Wilcoxon Signed Rank Test.The results showed that the financial performance of the Bank Pembangunan Daerah BPD in the ratio of ROA CAR COF GMP LDR NIM and ROA before and after the global economic crisis in 2008 there are significant differences. While ROE ratios before and after the global economic crisis of 2008 was not a significant difference.

  12. Performance of a vector velocity estimator

    DEFF Research Database (Denmark)

    Munk, Peter; Jensen, Jørgen Arendt

    1998-01-01

    tracking can be found in the literature, but no method with a satisfactory performance has been found that can be used in a commercial implementation. A method for estimation of the velocity vector is presented. Here an oscillation transverse to the ultrasound beam is generated, so that a transverse motion...... in an autocorrelation approach that yields both the axial and the lateral velocity, and thus the velocity vector. The method has the advantage that a standard array transducer and a modified digital beamformer, like those used in modern ultrasound scanners, is sufficient to obtain the information needed. The signal...

  13. An Analysis of Integrated Child Development Scheme Performance in Contributing to Alleviation of Malnutrition in Two Economically Resurgent States.

    Science.gov (United States)

    Ruia, Aparna; Gupta, Rajul Kumar; Bandyopadhyay, Gargi; Gupta, Rajshree R

    2018-01-01

    Good economic growth is considered synonymous with good nutrition. In recent past, some states (like Bihar and Gujarat) have seen unprecedented economic growth. Despite this and introducing plethora of programs (including integrated child development scheme [ICDS]) to reduce malnutrition, one state might be performing well in reducing malnutrition whereas other with equally high economic growth rate might lag behind. Is mere economic growth good enough to alleviate malnutrition? The aim of the article is to document a critical comparative analysis of malnutrition with special emphasis on ICDS (with respect to finances, infrastructure, training, performance) in the two economically resurgent states of Gujarat and Bihar. An exploratory study using secondary data sources (for ICDS performance) to critically analyze malnutrition status in Bihar and Gujarat. Gujarat, which was criticized for placing excessive emphasis on economic growth, has shown sharp improvement in combating malnutrition. Undernourished children declined from 73.04% in 2007 to 25.09% in 2013, with just 1.6% being severely malnourished. On the other hand, Bihar too exhibited an impressive economic growth but still languishes at bottom with malnutrition rate of 82%. A high economic growth does not have automatic immediate positive gains on malnutrition alleviation.

  14. Methodology for Selection of Economic Performance Factors in the Area of Information and Communication Activities

    Directory of Open Access Journals (Sweden)

    Jana Hornungová

    2015-01-01

    Full Text Available The article presents one part of the research work of the author that is focused on the business performance. The aim of this paper is to find and introduce economic factors of corporate performance system that are important part of the performance, because can help to organization define and measure progress toward organizational goals. The aim also included the determination of Key Performance Indicators (KPIs. The first step for the evaluation of performance is the projective access. This approach is meant, that the performance in terms of the future development of the company it is possible to conclude on the basis of, and ongoing activities. In relation to this idea are as fundamental the economic indicators of the performance scale. To find these factors were used the theoretical information from the area of KPIs and data from primary research. This data were tested through mathematical-statistical analysis, in this case, directly on the basis of factor analysis.

  15. Forecasting performance of three automated modelling techniques during the economic crisis 2007-2009

    DEFF Research Database (Denmark)

    Kock, Anders Bredahl; Teräsvirta, Timo

    In this work we consider forecasting macroeconomic variables during an economic crisis. The focus is on a speci…c class of models, the so-called single hidden-layer feedforward autoregressive neural network models. What makes these models interesting in the present context is that they form a cla...... during the economic crisis 2007–2009. Forecast accuracy is measured by the root mean square forecast error. Hypothesis testing is also used to compare the performance of the different techniques with each other....

  16. Performance Estimation and Fault Diagnosis Based on Levenberg–Marquardt Algorithm for a Turbofan Engine

    Directory of Open Access Journals (Sweden)

    Junjie Lu

    2018-01-01

    Full Text Available Establishing the schemes of accurate and computationally efficient performance estimation and fault diagnosis for turbofan engines has become a new research focus and challenges. It is able to increase reliability and stability of turbofan engine and reduce the life cycle costs. Accurate estimation of turbofan engine performance counts on thoroughly understanding the components’ performance, which is described by component characteristic maps and the fault of each component can be regarded as the change of characteristic maps. In this paper, a novel method based on a Levenberg–Marquardt (LM algorithm is proposed to enhance the fidelity of the performance estimation and the credibility of the fault diagnosis for the turbofan engine. The presented method utilizes the LM algorithm to figure out the operating point in the characteristic maps, preparing for performance estimation and fault diagnosis. The accuracy of the proposed method is evaluated for estimating performance parameters in the transient case with Rayleigh process noise and Gaussian measurement noise. The comparison among the extended Kalman filter (EKF method, the particle filter (PF method and the proposed method is implemented in the abrupt fault case and the gradual degeneration case and it has been shown that the proposed method has the capability to lead to more accurate result for performance estimation and fault diagnosis of turbofan engine than current popular EKF and PF diagnosis methods.

  17. A Control Variate Method for Probabilistic Performance Assessment. Improved Estimates for Mean Performance Quantities of Interest

    Energy Technology Data Exchange (ETDEWEB)

    MacKinnon, Robert J.; Kuhlman, Kristopher L

    2016-05-01

    We present a method of control variates for calculating improved estimates for mean performance quantities of interest, E(PQI) , computed from Monte Carlo probabilistic simulations. An example of a PQI is the concentration of a contaminant at a particular location in a problem domain computed from simulations of transport in porous media. To simplify the presentation, the method is described in the setting of a one- dimensional elliptical model problem involving a single uncertain parameter represented by a probability distribution. The approach can be easily implemented for more complex problems involving multiple uncertain parameters and in particular for application to probabilistic performance assessment of deep geologic nuclear waste repository systems. Numerical results indicate the method can produce estimates of E(PQI)having superior accuracy on coarser meshes and reduce the required number of simulations needed to achieve an acceptable estimate.

  18. THE PERFORMANCE OF THE ECONOMIC ENTITY MEASURED THROUGH ACCOUNTING INFORMATION

    Directory of Open Access Journals (Sweden)

    Marius Cristian Milos

    2012-01-01

    Full Text Available The users of financial statements need information regarding the resources of an economic entity and also data regarding the way in which the entity’s management is using resources. This information helps users to quantify efficiency and performance within an entity. There are many stakeholders who do show interest in an entity’s financial reports, including existing and potential investors, employees, lenders, suppliers, customers, regulators and other government agencies and not the least the common citizens. The main purpose of this paper is to highlight the importance of the performance measurement and to discuss possible reporting methods. Performance is a concept that raises many questions regarding the most accurate way or the best method for quantifying and reporting performance at the company level .So if financial performance indicators are considered to offer an accurate image of the situation of a company, the modern approach which focuses also on non-financial indicators offers new perspectives upon performance measurement, which may be really expressive and also based on simplicity.

  19. Economic impacts of climate change: Methods of estimating impacts at an aggregate level using Hordaland as an illustration

    International Nuclear Information System (INIS)

    Aaheim, Asbjoern

    2003-01-01

    This report discusses methods for calculating economic impacts of climate change, and uses Hordaland county in Norway as an illustrative example. The calculations are based on estimated climate changes from the RegClim project. This study draws from knowledge of the relationship between economic activity and climate at a disaggregate level and calculates changes in production of and demand for goods and services within aggregate sectors, which are specified in the county budget for Hordaland. Total impacts for the county thus are expressed through known values from the national budget, such as the county's ''national product'', total consumption, and investments. The estimates of impacts of climate changes at a disaggregate level in Hordaland are quantified only to small degree. The calculations made in this report can thus only be considered appropriate for illustrating methods and interpretations. In terms of relative economic significance for the county, however, it is likely that the hydropower sector will be the most affected. Increased precipitation will result in greater production potential, but profitability will largely depend on projected energy prices and investment costs associated with expansion. Agriculture and forestry will increase their production potential, but they are relatively small sectors in the county. Compared with the uncertainty about how climate change will affect production, however, the uncertainty about changes in demand is far greater. The demand for personal transportation and construction in particular can have significant consequences for the county's economy. (author)

  20. Life cycle assessment of biochar systems: estimating the energetic, economic, and climate change potential.

    Science.gov (United States)

    Roberts, Kelli G; Gloy, Brent A; Joseph, Stephen; Scott, Norman R; Lehmann, Johannes

    2010-01-15

    Biomass pyrolysis with biochar returned to soil is a possible strategy for climate change mitigation and reducing fossil fuel consumption. Pyrolysis with biochar applied to soils results in four coproducts: long-term carbon (C) sequestration from stable C in the biochar, renewable energy generation, biochar as a soil amendment, and biomass waste management. Life cycle assessment was used to estimate the energy and climate change impacts and the economics of biochar systems. The feedstocks analyzed represent agricultural residues (corn stover), yard waste, and switchgrass energy crops. The net energy of the system is greatest with switchgrass (4899 MJ t(-1) dry feedstock). The net greenhouse gas (GHG) emissions for both stover and yard waste are negative, at -864 and -885 kg CO(2) equivalent (CO(2)e) emissions reductions per tonne dry feedstock, respectively. Of these total reductions, 62-66% are realized from C sequestration in the biochar. The switchgrass biochar-pyrolysis system can be a net GHG emitter (+36 kg CO(2)e t(-1) dry feedstock), depending on the accounting method for indirect land-use change impacts. The economic viability of the pyrolysis-biochar system is largely dependent on the costs of feedstock production, pyrolysis, and the value of C offsets. Biomass sources that have a need for waste management such as yard waste have the highest potential for economic profitability (+$69 t(-1) dry feedstock when CO(2)e emission reductions are valued at $80 t(-1) CO(2)e). The transportation distance for feedstock creates a significant hurdle to the economic profitability of biochar-pyrolysis systems. Biochar may at present only deliver climate change mitigation benefits and be financially viable as a distributed system using waste biomass.

  1. Economic assessment of sterifeed process

    International Nuclear Information System (INIS)

    Mat Rasol Awang; Hassan Hamdani Mutaat

    2004-01-01

    The economics of a processing technology depends on its cost. Two types of costs commonly used in the estimation are a fixed cost and the other is variable cost. The cost structure that included in the fixed cost, mainly, the cost of land, building and machineries, and the variable cost covers raw materials, salary / wages, utilities, irradiation charge, other miscellaneous expenses and contingencies. The assessment were made by treating the economic data using discounted cash flow projection method to deduce the economic indicators: Net Present Value (NPV), Internal Rate of Return (IRR), Benefit to Cost (B/C) ratio, that would suggest the project feasibility, either feasible or otherwise. The NPV, IRR, B/C deduced from Sterifeed Process showed the economic of this technology was infeasible due high cost incurred in transportation, labour as well as the cost of machinery. This is accomplished by sensitivity test performed on these cost components. However, cost structure derived from Sterifeed Plant serves as a model cost structure for economic assessment in production of Sterifeed, a fermented ruminant feed, and to work further on the economic of the project. This paper discuss economic evaluation of Sterifeed process in different scenarios that carried out in the Sterifeed process operations and deduction were made to derive a model production unit for commercialisation. (Author)

  2. Economic value of in vitro fertilization in Ukraine, Belarus, and Kazakhstan

    NARCIS (Netherlands)

    E.A. Mandrik (Olena); S. Knies (Saskia); J.L. Severens (Hans)

    2015-01-01

    markdownabstract__Abstract__ Background: An economic value calculation was performed to estimate the lifetime net present value of in vitro fertilization (IVF) in Ukraine, Belarus, and Kazakhstan. Methods: Net lifetime tax revenues were used to represent governmental benefits accruing from a

  3. The Economic Burden of Malnutrition in Pregnant Women and Children under 5 Years of Age in Cambodia

    Science.gov (United States)

    Moench-Pfanner, Regina; Silo, Sok; Laillou, Arnaud; Wieringa, Frank; Hong, Rathamony; Hong, Rathavuth; Poirot, Etienne; Bagriansky, Jack

    2016-01-01

    Malnutrition is locked in a vicious cycle of increased mortality, poor health, impaired cognitive development, slow physical growth, reduced learning capacity, inferior performance, and ultimately lower adult work performance and productivity. The consensus of global scientific evidence indicates that lowering the rates of malnutrition will be an indispensable component of any successful program to raise the quality of human capital and resources. This study used a “consequence model” to apply the coefficient risk-deficit on economic losses, established in the global scientific literature, to Cambodian health, demographic, and economic data to develop a national estimate of the value of economic losses due to malnutrition. The impact of the indicators of malnutrition analyzed represent a burden to the national economy of Cambodia estimated at 266 million USD annually (1.7% of GDP). Stunting is reducing the Cambodian economic output by more than 120 million USD, and iodine deficiency disorders alone by 57 million USD. This economic burden is too high in view of Cambodia’s efforts to drive economic development. The government should rapidly expand a range of low-cost effective nutrition interventions to break the current cycle of increased mortality, poor health and ultimately lower work performance, productivity, and earnings. PMID:27187462

  4. The Economic Burden of Malnutrition in Pregnant Women and Children under 5 Years of Age in Cambodia

    Directory of Open Access Journals (Sweden)

    Regina Moench-Pfanner

    2016-05-01

    Full Text Available Malnutrition is locked in a vicious cycle of increased mortality, poor health, impaired cognitive development, slow physical growth, reduced learning capacity, inferior performance, and ultimately lower adult work performance and productivity. The consensus of global scientific evidence indicates that lowering the rates of malnutrition will be an indispensable component of any successful program to raise the quality of human capital and resources. This study used a “consequence model” to apply the coefficient risk-deficit on economic losses, established in the global scientific literature, to Cambodian health, demographic, and economic data to develop a national estimate of the value of economic losses due to malnutrition. The impact of the indicators of malnutrition analyzed represent a burden to the national economy of Cambodia estimated at 266 million USD annually (1.7% of GDP. Stunting is reducing the Cambodian economic output by more than 120 million USD, and iodine deficiency disorders alone by 57 million USD. This economic burden is too high in view of Cambodia’s efforts to drive economic development. The government should rapidly expand a range of low-cost effective nutrition interventions to break the current cycle of increased mortality, poor health and ultimately lower work performance, productivity, and earnings.

  5. Knowledge gaps in economic analyses of advanced reactor concepts

    International Nuclear Information System (INIS)

    Moore, M.; Pencer, J.; Leung, L.K.H.; Sadhankar, R.

    2014-01-01

    The development of next generation nuclear systems is predicated on improvement in sustainability, safety, proliferation resistance and economics. The economic assessment of the reactor concept is required as early as in the concept development stage. The Generation IV International Forum (GIF) has developed a methodology for economic assessment of the Generation IV (GEN-IV) nuclear energy systems. The GIF economics methodology was used for the assessment of one of the reactor concepts for the Super-Critical Water-cooled Reactors (SCWR), namely the European pressure-vessel type concept referred to as the High Performance Light Water Reactor (HPLWR). The economic analysis involved studying the sensitivity of two main economic indicators, namely, the Levelized Unit Electricity Cost (LUEC) and the Total Capital Investment Cost (TCIC). The knowledge gaps in estimating the capital costs and fuel costs, as well as the uncertainties in other cost parameters affecting the economic assessment of the nuclear energy system in the concept development stage are presented. (author)

  6. Laser cost experience and estimation

    International Nuclear Information System (INIS)

    Shofner, F.M.; Hoglund, R.L.

    1977-01-01

    This report addresses the question of estimating the capital and operating costs for LIS (Laser Isotope Separation) lasers, which have performance requirements well beyond the state of mature art. This question is seen with different perspectives by political leaders, ERDA administrators, scientists, and engineers concerned with reducing LIS to economically successful commercial practice, on a timely basis. Accordingly, this report attempts to provide ''ballpark'' estimators for capital and operating costs and useful design and operating information for lasers based on mature technology, and their LIS analogs. It is written very basically and is intended to respond about equally to the perspectives of administrators, scientists, and engineers. Its major contributions are establishing the current, mature, industrialized laser track record (including capital and operating cost estimators, reliability, types of application, etc.) and, especially, evolution of generalized estimating procedures for capital and operating cost estimators for new laser design

  7. Privatization and Economic Performance: Evidence from Nigeria ...

    African Journals Online (AJOL)

    African Research Review ... This paper seeks to evaluate theoretically and empirically the impact of privatization on economic growth in Nigeria. Using error correlation model (ECM), it was discovered that privatization has not impacted positively on economic growth in Nigeria, and this was blamed on a lot of factors like ...

  8. Implementation of palm biodiesel based on economic aspects, performance, emission, and wear characteristics

    International Nuclear Information System (INIS)

    Mosarof, M.H.; Kalam, M.A.; Masjuki, H.H.; Ashraful, A.M.; Rashed, M.M.; Imdadul, H.K.; Monirul, I.M.

    2015-01-01

    Highlights: • Global environmental protection of using alternative fuel. • Economic aspects of palm oil biodiesel in Malaysia. • Tribological characteristics of palm oil biodiesel in engine components. • Engine performance and emission of palm oil biodiesel. • Effect of temperature on density and kinematic viscosity for various biodiesel. - Abstract: The high cost of energy supplies and the growing concern over the dependency on fossil fuels have impelled many countries to search for renewable and alternative energy sources. The extensive use of fossil fuels for transportation and power generation all over the world have caused the supply of fossil fuels to continuously decrease and have aggravated environmental pollution. Searching for alternative fuels has become imperative to reduce pollution and address the problems on fossil fuels. Vegetable oil fuels, such as palm oil biodiesel, serve as alternative forms of energy and are currently being studied, particularly as a diesel fuel substitute. The purpose of this study is to review the potential of palm oil as an energy source and alternative diesel fuel in terms of its performance, environmental impact, wear characteristics, and economic considerations. Compared with other vegetable oils, palm oil is a relatively sustainable, environment-friendly, less expensive, and economically beneficial potential source of energy. Palm oil plantation and production is a major industry in Malaysia, contributing to the economic growth and development of the country. The properties of palm oil biodiesel, namely, high oxidation stability, good cold properties, cetane number, and higher viscosity, makes it a suitable diesel substitute. Compared with other vegetable oils and petroleum diesel fuels, palm oil is associated with better engine performance, higher specific fuel consumption, and shorter ignition delay. Use of palm oil also reduces exhaust emission of hydrocarbon, carbon monoxide, carbon dioxide, and smoke, but

  9. ESTIMATION OF THE KNOWLEDGE SPILLOVER EFFECTS BETWEEN FIRMS IN BIO-RELATED INDUSTRIES

    OpenAIRE

    Kim, Hanho; Kim, Jae-Kyung

    2005-01-01

    Knowledge spillover is a kind of externality originating from imperfect appropriation of R&D performances, which implies that the knowledge created by one agent could be transmitted to other related agents by affecting their R&D or other economic performances. For the estimation of knowledge spillover effects based on firm-level patent data between firms in bio-related industries, patents production function, as a proxy of knowledge production function, is formulated and estimated. Knowledge ...

  10. Technology in the Aid of Delivering Economic Content to Teachers: Virtual Economics v. 3

    Directory of Open Access Journals (Sweden)

    John R. Swinton

    2012-01-01

    Full Text Available We examine the impact on student achievement of a face-to-face teacher workshop that also provides economics instructors with access to an electronic library of instructional and reference material for their economics classroom—Virtual Economics v. 3 (VE3, offered by the Council for Economic Education. Based on evidence using student and teacher-level administrative data from the Georgia Department of Education and controlling for students’ prior achievement in mathematics, we find evidence that the VE3 workshop experience increases student achievement in high school economics. Our difference-in-differences estimates suggest that teacher participation in the VE3 workshop increases student achievement by 0.061 standard deviations on Georgia’s high stakes economics end-of-course test. Future research should seek estimating the effect of treatments in education such as the VE3 workshop using randomized controlled trials (RCT.

  11. Thermodynamic and economic performances optimization of an organic Rankine cycle system utilizing exhaust gas of a large marine diesel engine

    International Nuclear Information System (INIS)

    Yang, Min-Hsiung; Yeh, Rong-Hua

    2015-01-01

    Highlights: • A new parameter is proposed for optimizing economic performance of the ORC system. • Maximal thermodynamic and economic performances of an ORC system are presented. • The corresponding operating pressures in turbine of optimum thermodynamic and economic performances are investigated. • An optimal effectiveness of pre-heater is obtained for the ORC system. - Abstract: The aim of this study is to investigate the thermodynamic and economic performances optimization for an ORC system recovering the waste heat of exhaust gas from a large marine diesel engine of the merchant ship. Parameters of net power output index and thermal efficiency are used to represent the economic and thermodynamic performances, respectively. The maximum net power output index and thermal efficiency are obtained and the corresponding turbine inlet pressure, turbine outlet pressure, and effectiveness of pre-heater of the ORC system are also evaluated using R1234ze, R245fa, R600, and R600a. Furthermore, the analyses of the effects of turbine inlet temperature and cooling water temperature on the optimal economic and thermodynamic performances of the ORC system are carried out. The results show that R245fa performs the most satisfactorily followed by R600, R600a, and R1234ze under optimal economic performance. However, in the optimal thermodynamic performance evaluations, R1234ze has the largest thermal efficiency followed by R600a, R245fa, and R600. The payback periods will decrease from 0.5 year for R245fa to 0.65 year for R1234ze respectively as the system is equipped with a pre-heater. In addition, compared with conventional diesel oil feeding, the proposed ORC system can reduce 76% CO 2 emission per kilowatt-hour

  12. Productive and Economic Performance of Broiler Chickens Subjected to Different Nutritional Plans

    Directory of Open Access Journals (Sweden)

    JMS Martins

    Full Text Available ABSTRACT The objective of the study was to evaluate the effect of nutritional plans on the productive and economic performance of Hubbard Flex broiler chickens. A completely randomized experimental design was applied, consisting of five treatments. Treatments consisted of five different nutritional plans: a basal diet containing the nutrient and energy levels recommended by literature and designated reference diet; two diets containing 1.5% and 3% lower levels than the reference diet; and two diets containing 1.5% and 3% higher levels than the reference diet (-3%, -1.5%, reference plan, +1.5% and +3%. Feed intake (FI, body weight (BW, feed conversion rate (FCR, livability (L and productive efficient index (PEI were determined when broilers were 42 days old. Broilers were processed, and carcass and parts (breast fillet, leg, and wings yields were determined. The economic viablility of the nutitional plans was evaluated as a function of feed cost/kg live and carcass weights, economic efficiency index (EEI, and cost index (CI. Feed intake and the feed conversion rate decreased as dietary nutrient and energy levels increased. Feed cost/kg live weight, economic efficiency index, and cost index cost increased as dietary nutrient and energy levels increased. Feed intake, feed conversion ratio, production efficiency index, and breast yield improved with increasing nutritional and energy levels. However, worse economic results were obtained with higher nutritional and energy levels.

  13. The Global Economic Cost of Osteoarthritis: How the UK Compares

    Directory of Open Access Journals (Sweden)

    A. Chen

    2012-01-01

    Full Text Available Aims. To examine all relevant literature on the economic costs of osteoarthritis in the UK, and to compare such costs globally. Methods. A search of MEDLINE was performed. The search was expanded beyond peer-reviewed journals into publications by the department of health, national orthopaedic associations, national authorities and registries, and arthritis charities. Results. No UK studies were identified in the literature search. 3 European, 6 North American, and 2 Asian studies were reviewed. Significant variation in direct and indirect costs were seen in these studies. Costs for topical and oral NSAIDs were estimated to be £19.2 million and £25.65 million, respectively. Cost of hip and knee replacements was estimated to exceed £850 million, arthroscopic surgery for osteoarthritis was estimated to be £1.34 million. Indirect costs from OA caused a loss of economic production over £3.2 billion, £43 million was spent on community services and £215 million on social services for osteoarthritis. Conclusions. While estimates of economic costs can be made using information from non-published data, there remains a lack of original research looking at the direct or indirect costs of osteoarthritis in the UK. Differing methodology in calculating costs from overseas studies makes direct comparison with the UK difficult.

  14. Hydrological model performance and parameter estimation in the wavelet-domain

    Directory of Open Access Journals (Sweden)

    B. Schaefli

    2009-10-01

    Full Text Available This paper proposes a method for rainfall-runoff model calibration and performance analysis in the wavelet-domain by fitting the estimated wavelet-power spectrum (a representation of the time-varying frequency content of a time series of a simulated discharge series to the one of the corresponding observed time series. As discussed in this paper, calibrating hydrological models so as to reproduce the time-varying frequency content of the observed signal can lead to different results than parameter estimation in the time-domain. Therefore, wavelet-domain parameter estimation has the potential to give new insights into model performance and to reveal model structural deficiencies. We apply the proposed method to synthetic case studies and a real-world discharge modeling case study and discuss how model diagnosis can benefit from an analysis in the wavelet-domain. The results show that for the real-world case study of precipitation – runoff modeling for a high alpine catchment, the calibrated discharge simulation captures the dynamics of the observed time series better than the results obtained through calibration in the time-domain. In addition, the wavelet-domain performance assessment of this case study highlights the frequencies that are not well reproduced by the model, which gives specific indications about how to improve the model structure.

  15. Economics of symbiotic nuclear fleets at equilibrium

    International Nuclear Information System (INIS)

    Bidaud, Adrien; Guillemin, P.; Lecarpentier, David

    2008-01-01

    Many decades of industrial experience have proven that thermal reactors are able to provide a safe, reliable and competitive source of electricity. The higher construction costs of fast reactors compared to thermal reactors could be compensated by their better use of fissile material during the probable fast development of nuclear energy in the first half of the century. Thus, despite the over-cost of their cores, on the longer term, fast reactors are expected to take the lead in the nuclear reactor race. In the mean term, multi-strata symbiotic parks, using high conversion-rate thermal reactors, may delay fast reactor start up. We compare projected fuel cycle costs and cost of electricity of various symbiotic nuclear fleets, on the basis of a simple economic model and elementary costs estimated on publicly available data. These parameters and their evolution over reactor-life time scale can hardly be estimated. That is why we look at the sensitivities of our results to large modifications of the input parameters. The aim of our simple economic model is to understand which reactor characteristics should be optimized to enhance their economic performance when working as a single symbiotic fleet. (authors)

  16. National approach to economic performance indicators for nuclear power plants: USA

    International Nuclear Information System (INIS)

    2006-01-01

    The structure of the US electric power industry comprises a combination of traditional electric utilities and less traditional electricity producing companies. The electric utilities include investor owned, publicly owned, federal and cooperative firms. Approximately three quarters of the electricity generated by utilities is generated by investor owned companies. These utilities are, for the most part, franchised monopolies that have an obligation to provide electricity to all customers within a service area. Most provide for the generation, transmission and distribution of electricity, although the distinctions between these services are breaking down as the electricity industry becomes more deregulated. The shares are publicly traded and their areas of business operation are expanding into new ones, sometimes unrelated to the provision of electricity or even energy. Under deregulation and open market pricing of electricity, the business and financial success of operating nuclear plants must be considered to a much greater extent along with the successful achievement of safety and reliability objectives. In developing strategic and operational goals, nuclear plant managers are required to embrace clear and measurable business objectives and goals that not only assure the achievement of safety and reliability but, in addition, eliminate unnecessary costs and identify investment opportunities. These goals must balance operating and safety risk while optimizing plant revenues and earnings and ultimately ensure the profitability of electricity generating facilities. In doing so, it is essential that plant managers articulate goal achievement through the application of effective, measurable, economic performance indicators. Individual nuclear plants will sell their output competing on electricity price, ultimately to ensure the safe, reliable and economic dispatch of their generation either onto open spot markets or by competitive bidding for bilateral contracts. In

  17. Lungworm outbreaks in adult dairy cows: estimating economic losses and lessons to be learned.

    Science.gov (United States)

    Holzhauer, M; van Schaik, G; Saatkamp, H W; Ploeger, H W

    2011-11-05

    Two lungworm outbreaks in dairy herds were investigated in order to estimate the resulting economic costs. On the two farms, with 110 and 95 cows, total costs were estimated at €159 and €167 per cow, respectively. Overall, milk production reduced by 15 to 20 per cent during the outbreaks. Five cows died on one farm, while on the other farm seven cows died as a result of the lungworm outbreak. On one farm, 51.7 per cent of the total costs was due to reduced milk production and 33.1 per cent was due to disposal of dead animals. On the other farm, it was 36.3 and 50.9 per cent, respectively. The remaining 13 to 15 per cent of the total costs were due to extra inseminations, laboratory diagnosis and treatments. The history and development of the outbreaks are described. One lesson from these outbreaks is that recognising that potentially lungworm-naïve animals are to be introduced into the adult herd allows for timely measures (for example, vaccination) to prevent a lungworm outbreak.

  18. Performance of penalized maximum likelihood in estimation of genetic covariances matrices

    Directory of Open Access Journals (Sweden)

    Meyer Karin

    2011-11-01

    Full Text Available Abstract Background Estimation of genetic covariance matrices for multivariate problems comprising more than a few traits is inherently problematic, since sampling variation increases dramatically with the number of traits. This paper investigates the efficacy of regularized estimation of covariance components in a maximum likelihood framework, imposing a penalty on the likelihood designed to reduce sampling variation. In particular, penalties that "borrow strength" from the phenotypic covariance matrix are considered. Methods An extensive simulation study was carried out to investigate the reduction in average 'loss', i.e. the deviation in estimated matrices from the population values, and the accompanying bias for a range of parameter values and sample sizes. A number of penalties are examined, penalizing either the canonical eigenvalues or the genetic covariance or correlation matrices. In addition, several strategies to determine the amount of penalization to be applied, i.e. to estimate the appropriate tuning factor, are explored. Results It is shown that substantial reductions in loss for estimates of genetic covariance can be achieved for small to moderate sample sizes. While no penalty performed best overall, penalizing the variance among the estimated canonical eigenvalues on the logarithmic scale or shrinking the genetic towards the phenotypic correlation matrix appeared most advantageous. Estimating the tuning factor using cross-validation resulted in a loss reduction 10 to 15% less than that obtained if population values were known. Applying a mild penalty, chosen so that the deviation in likelihood from the maximum was non-significant, performed as well if not better than cross-validation and can be recommended as a pragmatic strategy. Conclusions Penalized maximum likelihood estimation provides the means to 'make the most' of limited and precious data and facilitates more stable estimation for multi-dimensional analyses. It should

  19. Estimating the economic impact of a possible equine and human epidemic of West Nile virus infection in Belgium.

    Science.gov (United States)

    Humblet, Marie-France; Vandeputte, Sébastien; Fecher-Bourgeois, Fabienne; Léonard, Philippe; Gosset, Christiane; Balenghien, Thomas; Durand, Benoît; Saegerman, Claude

    2016-08-04

    This study aimed at estimating, in a prospective scenario, the potential economic impact of a possible epidemic of WNV infection in Belgium, based on 2012 values for the equine and human health sectors, in order to increase preparedness and help decision-makers. Modelling of risk areas, based on the habitat suitable for Culex pipiens, the main vector of the virus, allowed us to determine equine and human populations at risk. Characteristics of the different clinical forms of the disease based on past epidemics in Europe allowed morbidity among horses and humans to be estimated. The main costs for the equine sector were vaccination and replacement value of dead or euthanised horses. The choice of the vaccination strategy would have important consequences in terms of cost. Vaccination of the country's whole population of horses, based on a worst-case scenario, would cost more than EUR 30 million; for areas at risk, the cost would be around EUR 16-17 million. Regarding the impact on human health, short-term costs and socio-economic losses were estimated for patients who developed the neuroinvasive form of the disease, as no vaccine is available yet for humans. Hospital charges of around EUR 3,600 for a case of West Nile neuroinvasive disease and EUR 4,500 for a case of acute flaccid paralysis would be the major financial consequence of an epidemic of West Nile virus infection in humans in Belgium. This article is copyright of The Authors, 2016.

  20. Considerazioni sullo sviluppo economico del Giappone. (Japanese economic performance

    Directory of Open Access Journals (Sweden)

    A. MADDISON

    2014-07-01

    Full Text Available Japan is the only non-European country to have made the transition from being underdeveloped. Over the past century it has had the fastest growth rate of any country, and in the past decade has outpaced all other countries. More than in any other developed country except the U.S.S.R., Japanese growth has represented a deliberate effort of government policy. The Japanese experience is therefore of particular relevance to developing countries, and its recent performance also raises important queries for Europe. The present article analyses Japan’s economic performance considering whether ideas on feasible growth rates need be revised, to what extent Japan has succeeded in achieving maximum growth, and if its experience is transferable. The author first details the stages of Japan’s growth, before analysing the level of productivity and use of resources. The business cycle is then considered as well as the factors affecting growth performance. The author then examines the lessons of the Japanese experience for developing countries and finally the prospects for the future.JEL: O53

  1. Differences between Estimation and Real Performance in School-Age Children: Fundamental Movement Skills

    Directory of Open Access Journals (Sweden)

    Gabriela Almeida

    2016-01-01

    Full Text Available Observations in studies of estimation compared to actual performance in motor skills revealed that children are not always accurate and have a tendency to overestimate the maximum distance at which an action can be performed. The relationship between estimated and real motor competences was analyzed for several tasks: standing long jump (SLJ, throwing and kicking, and walking backwards (WB on a balance beam. Children were asked to predict their maximum distance prior to performing those tasks. Participants were 303 children (160 boys, which were between 6 and 10 years of age (M=8.63, SD=1.16. Children’s estimations were compared with their real performance to determine their accuracy. Absolute error (|real performanceestimation| and error tendency, that is, the direction of the error (overestimation, accuracy, and underestimation bias, were calculated. Children had a tendency to overestimate their performance and were more conservative in the WB task, a noncommon action. In general, it is possible to conclude that children, in the studied age span, tend to overestimate their performance, particularly in familiar skills. This fact may be determinant to the development of their motor competences, since they are more likely to engage and persist in motor tasks, but it might also be a problem in terms of child safety because it could increase the occurrence of unintended injuries.

  2. The economical contracting management in Agricultural Cooperatives: tools for evaluating their performance.

    Directory of Open Access Journals (Sweden)

    Rafael Enrique Viña Echevarría

    2014-06-01

    Full Text Available The economic and management contracts involve strategic actions, legal and operational purposes that make possible to convert the goal of an organization on results that express the fulfillment of the mandates and satisfies customers on the basis of the duties and obligations set out in the negotiating document. This article aims to get inside into the performance evaluation of the management of the recruitment of Agricultural Cooperatives and to reflex about the insufficiencies evidenced in this process. To which we developed a theoretical valuation and economic procurement praxiological showing a group of deficiencies that have impacted in the contracts management The study was able to obtain, process, analyze, interpret and argue the problems associated with economic contracting and justify the need to propose a system of indicators to assess recruitment management Agricultural Cooperatives in the province of Sancti Spiritus, the results revealed the ineffectiveness of the process and the negative impact on the productive base.

  3. Performance Analysis of Iterative Channel Estimation and Multiuser Detection in Multipath DS-CDMA Channels

    Science.gov (United States)

    Li, Husheng; Betz, Sharon M.; Poor, H. Vincent

    2007-05-01

    This paper examines the performance of decision feedback based iterative channel estimation and multiuser detection in channel coded aperiodic DS-CDMA systems operating over multipath fading channels. First, explicit expressions describing the performance of channel estimation and parallel interference cancellation based multiuser detection are developed. These results are then combined to characterize the evolution of the performance of a system that iterates among channel estimation, multiuser detection and channel decoding. Sufficient conditions for convergence of this system to a unique fixed point are developed.

  4. A method for estimating the local area economic damages of Superfund waste sites

    International Nuclear Information System (INIS)

    Walker, D.R.

    1992-01-01

    National Priority List (NPL) sites, or more commonly called Superfund sites, are hazardous waste sites (HWS) deemed by the Environmental Protection Agency (EPA) to impose the greatest risks to human health or welfare or to the environment. HWS are placed and ranked for cleanup on the NPL based on a score derived from the Hazard Ranking System (HRS), which is a scientific assessment of the health and environmental risks posed by HWS. A concern of the HRS is that the rank of sites is not based on benefit-cost analysis. The main objective of this dissertation is to develop a method for estimating the local area economic damages associated with Superfund waste sites. Secondarily, the model is used to derive county-level damage estimates for use in ranking the county level damages from Superfund sites. The conceptual model used to describe the damages associated with Superfund sites is a household-firm location decision model. In this model assumes that households and firms make their location choice based on the local level of wages, rents and amenities. The model was empirically implemented using 1980 census microdata on households and workers in 253 counties across the US. The household sample includes data on the value and structural characteristics of homes. The worker sample includes the annual earnings of workers and a vector worker attributes. The microdata was combined with county level amenity data, including the number of Superfund sites. The hedonic pricing technique was used to estimate the effect of Superfund sites on average annual wages per household and on monthly expenditures on housing. The results show that Superfund sites impose statistically significant damages on households. The annual county damages from Superfund sites for a sample of 151 counties was over 14 billion dollars. The ranking of counties using the damage estimates is correlated with the rank of counties using the HRS

  5. Meta-analysis of institutional-economic factors explaining the environmental performance of payments for watershed services

    NARCIS (Netherlands)

    Brouwer, R.; Tesfaye, A.; Pauw, W.P.

    2011-01-01

    Payments for ecosystem services (PES) are a relatively new economic policy instrument, and the factors that drive and explain their environmental performance are poorly understood. Here a meta-analysis of causal relationships between the institutional design and environmental performance of 47

  6. Human comfort and self-estimated performance in relation to indoor environmental parameters and building features

    DEFF Research Database (Denmark)

    Frontczak, Monika Joanna

    The main objective of the Ph.D. study was to examine occupants’ perception of comfort and self-estimated job performance in non-industrial buildings (homes and offices), in particular how building occupants understand comfort and which parameters, not necessarily related to indoor environments...... and storage, noise level and visual privacy. However, if job performance is considered, then satisfaction with the main indoor environmental parameters should be addressed first as they affected self-estimated job performance to the highest extent. The present study showed that overall satisfaction...... with personal workspace affected significantly the self-estimated job performance. Increasing overall satisfaction with the personal workspace by about 15% would correspond to an increase of self-estimated job performance by 3.7%. Among indoor environmental parameters and building features, satisfaction...

  7. A complex symbol signal-to-noise ratio estimator and its performance

    Science.gov (United States)

    Feria, Y.

    1994-01-01

    This article presents an algorithm for estimating the signal-to-noise ratio (SNR) of signals that contain data on a downconverted suppressed carrier or the first harmonic of a square-wave subcarrier. This algorithm can be used to determine the performance of the full-spectrum combiner for the Galileo S-band (2.2- to 2.3-GHz) mission by measuring the input and output symbol SNR. A performance analysis of the algorithm shows that the estimator can estimate the complex symbol SNR using 10,000 symbols at a true symbol SNR of -5 dB with a mean of -4.9985 dB and a standard deviation of 0.2454 dB, and these analytical results are checked by simulations of 100 runs with a mean of -5.06 dB and a standard deviation of 0.2506 dB.

  8. Conversion of landfill biogas in electric energy. Forecasting and economic estimation reported in a case study in the province of Udine

    International Nuclear Information System (INIS)

    Goi, D.; Cirino, N.; Pivato, P.; Lizzi, G.; Dolcetti, G.

    2000-01-01

    This work presents an analysis about the recovery of electrical energy form biogas of a landfill in Province of Udine. Starting with an estimation of material composition of waste and adopting a simple stoichiometric-kinetic model, a theoretical evaluation of biogas production was conducted and subsequently results were compared to real data of biogas production estimated by electric energy produced. An economic examination about the electrical energy recovery from landfill biogas was also conducted by profit graphs [it

  9. Economic and environmental assessment of rooftops regarding suitability for photovoltaic systems installation based on remote sensing data

    International Nuclear Information System (INIS)

    Lukač, Niko; Seme, Sebastijan; Dežan, Katarina; Žalik, Borut; Štumberger, Gorazd

    2016-01-01

    Within the last few years, the increase of the world's energy consumption has substantially impacted the environment. Solar energy initiative is more than ever involved to tackle this issue, especially when deploying PV (photovoltaic) systems over large-scale residential areas. However, not all surfaces in these areas are economically suitable, while some surfaces have low CO_2 mitigation. With the availability of high-resolution remote sensing data, the estimation of suitable rooftops for PV systems installation can be performed automatically by estimating the PV potential. This paper presents a novel method for estimating NPV (net present value) of the potential PV systems installed on rooftops by using LiDAR (Light Detection And Ranging) data and PV systems' nonlinear efficiency characteristics. More importantly, the environmental impact is estimated for each rooftop through EPBT (energy payback time) and GGER (greenhouse gas emission rate), based on the life-cycle of a specific PV system. This is combined with NPV in order to find rooftops that are both economically and environmentally viable candidates for PV systems deployment. Results demonstrate a case study LiDAR data for predicting each building's economical and environmental impact, as well as providing an overall view of resulting cumulative CO_2 mitigation over large residential area. - Highlights: • The method relies on PV potential estimation over LiDAR remote sensing data. • Novel economic assessment of PV systems using remote sensing data is proposed. • Environmental analysis of PV systems based on EPBT and GGER is performed. • Estimation of CO_2 mitigation over LiDAR data by considering national energy network.

  10. Techno-Economic Analysis of Biofuels Production Based on Gasification

    Energy Technology Data Exchange (ETDEWEB)

    Swanson, R. M.; Platon, A.; Satrio, J. A.; Brown, R. C.; Hsu, D. D.

    2010-11-01

    This study compares capital and production costs of two biomass-to-liquid production plants based on gasification. The first biorefinery scenario is an oxygen-fed, low-temperature (870?C), non-slagging, fluidized bed gasifier. The second scenario is an oxygen-fed, high-temperature (1,300?C), slagging, entrained flow gasifier. Both are followed by catalytic Fischer-Tropsch synthesis and hydroprocessing to naphtha-range (gasoline blend stock) and distillate-range (diesel blend stock) liquid fractions. Process modeling software (Aspen Plus) is utilized to organize the mass and energy streams and cost estimation software is used to generate equipment costs. Economic analysis is performed to estimate the capital investment and operating costs. Results show that the total capital investment required for nth plant scenarios is $610 million and $500 million for high-temperature and low-temperature scenarios, respectively. Product value (PV) for the high-temperature and low-temperature scenarios is estimated to be $4.30 and $4.80 per gallon of gasoline equivalent (GGE), respectively, based on a feedstock cost of $75 per dry short ton. Sensitivity analysis is also performed on process and economic parameters. This analysis shows that total capital investment and feedstock cost are among the most influential parameters affecting the PV.

  11. A technical, economic, and environmental performance of grid-connected hybrid (photovoltaic-wind) power system in Algeria.

    Science.gov (United States)

    Saheb-Koussa, Djohra; Koussa, Mustapha; Said, Nourredine

    2013-01-01

    This paper studies the technical, economic, and environmental analysis of wind and photovoltaic power systems connected to a conventional grid. The main interest in such systems is on-site consumption of the produced energy, system hybridization, pooling of resources, and contribution to the environment protection. To ensure a better management of system energy, models have been used for determining the power that the constituting subsystems can deliver under specific weather conditions. Simulation is performed using MATLAB-SIMULINK. While, the economic and environmental study is performed using HOMER software. From an economic point of view, this allows to compare the financial constraints on each part of the system for the case of Adrar site which is located to the northern part of the south of Algeria. It also permits to optimally size and select the system presenting the best features on the basis of two parameters, that is, cost and effectiveness. From an environmental point of view, this study allows highlighting the role of renewable energy in reducing gas emissions related to greenhouse effects. In addition, through a set of sensitivity analysis, it is found that the wind speed has more effects on the environmental and economic performances of grid-connected hybrid (photovoltaic-wind) power systems.

  12. A Technical, Economic, and Environmental Performance of Grid-Connected Hybrid (Photovoltaic-Wind Power System in Algeria

    Directory of Open Access Journals (Sweden)

    Djohra Saheb-Koussa

    2013-01-01

    Full Text Available This paper studies the technical, economic, and environmental analysis of wind and photovoltaic power systems connected to a conventional grid. The main interest in such systems is on-site consumption of the produced energy, system hybridization, pooling of resources, and contribution to the environment protection. To ensure a better management of system energy, models have been used for determining the power that the constituting subsystems can deliver under specific weather conditions. Simulation is performed using MATLAB-SIMULINK. While, the economic and environmental study is performed using HOMER software. From an economic point of view, this allows to compare the financial constraints on each part of the system for the case of Adrar site which is located to the northern part of the south of Algeria. It also permits to optimally size and select the system presenting the best features on the basis of two parameters, that is, cost and effectiveness. From an environmental point of view, this study allows highlighting the role of renewable energy in reducing gas emissions related to greenhouse effects. In addition, through a set of sensitivity analysis, it is found that the wind speed has more effects on the environmental and economic performances of grid-connected hybrid (photovoltaic-wind power systems.

  13. Accounting for estimated IQ in neuropsychological test performance with regression-based techniques.

    Science.gov (United States)

    Testa, S Marc; Winicki, Jessica M; Pearlson, Godfrey D; Gordon, Barry; Schretlen, David J

    2009-11-01

    Regression-based normative techniques account for variability in test performance associated with multiple predictor variables and generate expected scores based on algebraic equations. Using this approach, we show that estimated IQ, based on oral word reading, accounts for 1-9% of the variability beyond that explained by individual differences in age, sex, race, and years of education for most cognitive measures. These results confirm that adding estimated "premorbid" IQ to demographic predictors in multiple regression models can incrementally improve the accuracy with which regression-based norms (RBNs) benchmark expected neuropsychological test performance in healthy adults. It remains to be seen whether the incremental variance in test performance explained by estimated "premorbid" IQ translates to improved diagnostic accuracy in patient samples. We describe these methods, and illustrate the step-by-step application of RBNs with two cases. We also discuss the rationale, assumptions, and caveats of this approach. More broadly, we note that adjusting test scores for age and other characteristics might actually decrease the accuracy with which test performance predicts absolute criteria, such as the ability to drive or live independently.

  14. Estimating the short-term economic damages from the Prestige oil spill in the Galician fisheries and tourism

    Energy Technology Data Exchange (ETDEWEB)

    Garza-Gil, M. Dolores; Prada-Blanco, Albino; Vazquez-Rodriguez, M. Xose [Department of Applied Economics, Faculty of Economics, University of Vigo Lagoas-Marcosende, 36310 Vigo (Spain)

    2006-07-01

    The Prestige oil spill may be considered as one of the worst in the last years because of the amount of oil spilled (59,000 tons at the moment) and the wide zone affected: almost all the coastline in Galicia (Spanish region with a very important coast fishing and tourist activity) and some points in North Spain and in Southwest France. In this paper, we estimate the short-term economic damages from the Prestige oil spills in the Galician fishing and tourist activities. The economic losses arising from the Prestige oil spill exceed those items that can be indemnified under the IOPC system. Their magnitude could reach 5 times more than the applicable limit of compensations in the Prestige case. The consequence is net losses from repeated oil spills and internationally accepted incentives to risky strategies in the marine transport of hydrocarbons. (author)

  15. Estimating the short-term economic damages from the Prestige oil spill in the Galician fisheries and tourism

    International Nuclear Information System (INIS)

    Garza-Gil, M. Dolores; Prada-Blanco, Albino; Vazquez-Rodriguez, M. Xose

    2006-01-01

    The Prestige oil spill may be considered as one of the worst in the last years because of the amount of oil spilled (59,000 tons at the moment) and the wide zone affected: almost all the coastline in Galicia (Spanish region with a very important coast fishing and tourist activity) and some points in North Spain and in Southwest France. In this paper, we estimate the short-term economic damages from the Prestige oil spills in the Galician fishing and tourist activities. The economic losses arising from the Prestige oil spill exceed those items that can be indemnified under the IOPC system. Their magnitude could reach 5 times more than the applicable limit of compensations in the Prestige case. The consequence is net losses from repeated oil spills and internationally accepted incentives to risky strategies in the marine transport of hydrocarbons. (author)

  16. The economic impact of subclinical ketosis at the farm level: Tackling the challenge of over-estimation due to multiple interactions.

    Science.gov (United States)

    Raboisson, D; Mounié, M; Khenifar, E; Maigné, E

    2015-12-01

    Subclinical ketosis (SCK) is a major metabolic disorder that affects dairy cows, and its lactational prevalence in Europe is estimated to be at 25%. Nonetheless, few data are available on the economics of SCK, although its management clearly must be improved. With this in mind, this study develops a double-step stochastic approach to evaluate the total cost of SCK to dairy farming. First, all the production and reproduction changes and all the health disorders associated with SCK were quantified using the meta-analysis from a previous study. Second, the total cost of SCK was determined with a stochastic model using distribution laws as input parameters. The mean total cost of SCK was estimated to be Є257 per calving cow with SCK (95% prediction interval (PI): Є72-442). The margin over feeding costs slightly influenced the results. When the parameters of the model are not modified to account for the conclusions from the meta-analysis and for the prevalence of health disorders in the population without SCK, the mean cost of SCK was overestimated by 68%, reaching Є434 per calving cow (95%PI: Є192-676). This result indicates that the total cost of complex health disorders is likely to be substantially overestimated when calculations use raw results from the literature or-even worse-punctual data. Excluding labour costs in the estimation reduced the SCK total cost by 12%, whereas excluding contributors with scarce data and imprecise calibrations (for lameness and udder health) reduced costs by another 18-20% (Є210, 95%PI=30-390). The proposed method accounted for uncertainty and variability in inputs by using distributions instead of point estimates. The mean value and associated prediction intervals (PIs) yielded good insight into the economic consequences of this complex disease and can be easily and practically used by decision makers in the field while simultaneously accounting for biological variability. Moreover, PIs can help prevent the blind use of economic

  17. Sustainability of processed foods supply chain: Social, economic and territorial performance

    Directory of Open Access Journals (Sweden)

    Beber Caetano

    2016-01-01

    Full Text Available In a global market, food companies engaged in sustainable development must now integrate the economic and social component. However the tools to assess it are lacking. Several theoretical frameworks have been developed to define social sustainability and its implementation. The attributional approaches, pathways or capabilities methods have emerged, based on a functional unit of a good or service along the supply chain. This paper proposes a new method to assess social economic and territorial performances of a food chain as a whole on a Territory. It is divided into four components: (i dignity and well-being of workers, (ii contribution to local life, (iii fairness and integrity of business practices, and (iv creation of material and intangible wealth. 50 criteria are used according to international, national or sectoral references. This generic method applicable to any sector of processed food products aims to identify where are the areas of improvement to qualify the sector as socially sustainable. An application to the wine Beaujolais and Burgundy wine was performed from surveys of 35 production and trade operators in 2014. The results show that the sector is particularly effective for the promotion of the territory, local life participation, loyalty and integrity of business practices; some improvement is still possible for the welfare of workers and the creation of material wealth. This method can be coupled with the environmental performance determined by the life cycle analysis in order to assess the sustainability in its entirety.

  18. Issues in assessing the economic benefits of ambient ozone control: some examples from agriculture

    Energy Technology Data Exchange (ETDEWEB)

    Adams, R.M.

    1983-01-01

    Information on the economic benefits arising from alternative secondary National Ambient Air Quality Standards can provide one measure of regulatory efficiency. If benefits assessments are to be used in assessing regulatory impacts of federal standards as recently ordered by President Ronald Reagan, the economic concept of benefits, the limitations of benefits analysis, and the validity of those estimates needs to be clarified. Some methodological and applied issues which can effect the validity of environmental economic assessments as they pertain to agriculture are reviewed. Recent studies from the assessment literature on agriculture are critiqued with respect to how well they address such issues. An attempt is made to identify potential sources of variability in estimates found within that literature. Finally, implications for performance of future assessments are discussed.

  19. Migrant entrepreneurship, economic activity and export performance

    DEFF Research Database (Denmark)

    Baklanov, Nikita; Rezaei, Shahamak; Vang, Jan

    2014-01-01

    Recent studies on transnational entrepreneurship suggest that migrant entrepreneur plays an increasingly significant role as sources of economic activities and especially export revenue. The literature is, however, biased on the US experience, lacks a comparative perspective between migrants...... and non-migrants and is primarily anecdotal in nature. This paper aims to reduce this gap by mapping the recent changes in the role of migrant entrepreneurs as a source of increased economic activity and export revenue in the Danish context and thereby linking the challenges stemming from...... the transnational entrepreneurship literature to the immigration and internationalisation of entrepreneurship literature. Entrepreneurial economic activity in this paper is proxied by the changing share of self-owned firms across ethic categories. Export revenue is proxied by the number of firms in the different...

  20. Economics of a small wind pump system based on estimated petrol and diesel cost savings from use in Northern Nigeria

    OpenAIRE

    Ejieji, C. J.; Olayaki-Luqman, M.

    2013-01-01

    Eleven years of daily wind records were analyzed for the estimation of available wind energy for water pumping at three selected locations in Northern Nigeria, namely Jos, Kano and Sokoto. This formed the basis for investigating the economics of the use of an imported small wind pump under a deregulated energy market environment.  The estimated available energy for water pumping at the installation height of 9m was 190 kwh/m2/yr for Jos, 225 kwh/m2/yr for Kano and 348 kwh/m2/yr for Sokot...

  1. Evaluating the Performance of South African Economics Departments

    OpenAIRE

    John Luiz

    2009-01-01

    Over the past decade economics departments in South Africa have seen major changes and a certain level of disruption. Much of this can be attributed to the integration of our discipline into the global arena after a period of academic isolation. This paper presents a survey of economics departments and covers everything from staff profiles and qualifications, to curricula, and research output. This paper indicates that there has been some improvement in the state of economics at South African...

  2. Performance Estimation for Hardware/Software codesign using Hierarchical Colored Petri Nets

    DEFF Research Database (Denmark)

    Grode, Jesper Nicolai Riis; Madsen, Jan; Jerraya, Ahmed-Amine

    1998-01-01

    This paper presents an approach for abstract modeling of the functional behavior of hardware architectures using Hierarchical Colored Petri Nets (HCPNs). Using HCPNs as architectural models has several advantages such as higher estimation accuracy, higher flexibility, and the need for only one...... estimation tool. This makes the approach very useful for designing component models used for performance estimation in Hardware/Software Codesign frameworks such as the LYCOS system. The paper presents the methodology and rules for designing component models using HCPNs. Two examples of architectural models...

  3. Exploration economics

    International Nuclear Information System (INIS)

    Mcgill, R.E.

    1992-01-01

    This paper deals with determining the economic viability of the play or prospect. At the outset, one point is important. Preexploration economists are important because they enable geologists to see if their assumptions will prove profitable. Their assumptions must consider the full range of possible outcomes, even if only some portion of that range may contain prospects or plays that are estimated to be profitable. Play economics are preferable to prospect economics because, being the sum of several prospects, they give a broader view of the investment opportunity. Finally, remember that play and prospect economics are always slightly optimistic. They seldom include all of the exploration and overhead changes that must ultimately be borne by the successful prospects

  4. Dual Arm Work Package performance estimates and telerobot task network simulation

    International Nuclear Information System (INIS)

    Draper, J.V.

    1997-01-01

    This paper describes the methodology and results of a network simulation study of the Dual Arm Work Package (DAWP), to be employed for dismantling the Argonne National Laboratory CP-5 reactor. The development of the simulation model was based upon the results of a task analysis for the same system. This study was performed by the Oak Ridge National Laboratory (ORNL), in the Robotics and Process Systems Division. Funding was provided the US Department of Energy's Office of Technology Development, Robotics Technology Development Program (RTDP). The RTDP is developing methods of computer simulation to estimate telerobotic system performance. Data were collected to provide point estimates to be used in a task network simulation model. Three skilled operators performed six repetitions of a pipe cutting task representative of typical teleoperation cutting operations

  5. Software for automated evaluation of technical and economic performance factors of nuclear power plant units

    International Nuclear Information System (INIS)

    Cvan, M.; Zadrazil, J.; Barnak, M.

    1989-01-01

    Computer codes TEP V2, TEP EDU and TEP V1 are used especially in real-time evaluation of technical and economic performance factors of the power unit. Their basic functions include filtration of credibility of input data obtained by measurement, simultaneous calculation of flows of various types of energy, calculation of technical and economic factors, listings and filing of the results. Code ZMEK is designed for executing changes in the calculation constants file for codes TEP V2 and TEP EDU. Code TEP DEN is used in processing the complete daily report on the technical and economic performance factors of the unit. Briefly described are the basic algorithms of credibility filtration for the measured quantities, the methodology of fundamental balances and the method of guaranteeing the continuity of measurement. Experiences are given with the use of the codes, and the trends are outlined of their future development. (J.B.). 5 refs

  6. Economic Incentives for Sex-Selective Abortion in India

    OpenAIRE

    Daniel Rosenblum

    2014-01-01

    In order to understand the economic incentives behind sex selection in India, I provide the first estimates of the magnitude of the economic benefits of having a son instead of a daughter. I estimate large gains to per capita income and expenditure, household assets, and a reduction in the probability the household is below the poverty line. The observed pattern of incentives are compared to observed patterns in sex selection. Estimates show that sex selection may provide economic advantages ...

  7. The economic burden of cancer in Korea in 2009.

    Science.gov (United States)

    Kim, So Young; Park, Jong-Hyock; Kang, Kyoung Hee; Hwang, Inuk; Yang, Hyung Kook; Won, Young-Joo; Seo, Hong-Gwan; Lee, Dukhyoung; Yoon, Seok-Jun

    2015-01-01

    Cancer imposes a significant economic burden on individuals, families and society. The purpose of this study was to estimate the economic burden of cancer using the healthcare claims and cancer registry data in Korea in 2009. The economic burden of cancer was estimated using the prevalence data where patients were identified in the Korean Central Cancer Registry. We estimated the medical, non-medical, morbidity and mortality cost due to lost productivity. Medical costs were calculated using the healthcare claims data obtained from the Korean National Health Insurance (KNHI) Corporation. Non-medical costs included the cost of transportation to visit health providers, costs associated with caregiving for cancer patients, and costs for complementary and alternative medicine (CAM). Data acquired from the Korean National Statistics Office and Ministry of Labor were used to calculate the life expectancy at the time of death, age- and gender-specific wages on average, adjusted for unemployment and labor force participation rate. Sensitivity analysis was performed to derive the current value of foregone future earnings due to premature death, discounted at 3% and 5%. In 2009, estimated total economic cost of cancer amounted to $17.3 billion at a 3% discount rate. Medical care accounted for 28.3% of total costs, followed by non-medical (17.2%), morbidity (24.2%) and mortality (30.3%) costs. Given that the direct medical cost sharply increased over the last decade, we must strive to construct a sustainable health care system that provides better care while lowering the cost. In addition, a comprehensive cancer survivorship policy aimed at lower caregiving cost and higher rate of return to work has become more important than previously considered.

  8. EXCHANGE RATE DIFFERENCES-THE ACCOUNTING TREATMENT AND ITS INFLUENCE ON THE FINANCIAL PERFORMANCE OF AN ECONOMIC ENTITY

    Directory of Open Access Journals (Sweden)

    Nicoleta Cristina MATEI

    2016-06-01

    Full Text Available Currency rate differences arise when there are certain debt rights or obligations in foreign currency of an economic entity which are collected, i.e. paid for at a different course from the one displayed by the Romanian National Bank on the date of their establishment. Such differences, according to the situation, generate expenditure or revenue which affects a company's financial result and, consequently, the accountant result as well. The results registered by an economic entity presented in the Profit and Loss Account provide information about its financial performance. This performance can be influenced by the favorable or unfavorable exchange rate differences existing when an economic entity carries out transactions or has incurred foreign currency loans having a significant share in the total amount of transactions or in capitals. The present paper shows the accounting treatment of the exchange rate differences and its impact on the financial performance.

  9. ESTIMATING FINANCIAL SUPPORT OF REGIONAL PROGRAMS OF SOCIAL ECONOMIC DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    Iryna Kokhan

    2016-03-01

    Full Text Available The given article presents the analysis of the experience of the financial support of the regional programs of social economic development and the areas of usage of internal and external resources of the area. Dynamic and balanced development of regions is one of the most important issues for further establishment of marketing relations and social transformations in Ukraine. The Aim lies in the evaluation of financial support of the approved regional programs and launching the amount of their financing. The assessment of social economic situation in Ivano-Frankivsk region in terms of nationwide tendencies allows asserting that economic growth depends on the amounts and sources provided by the state. To determine close connection between  the amount of financing  for the programs  and  gross domestic product, the coefficient of correlation was calculated according to Pierson. It was proved that the amount of financing regional programs of social economic development influences the growth rate of gross domestic product. During research period the activation of regional authority institutions is being surveyed regarding the adoption and financing target regional programs. It was determined that the dynamic activity of the regional community and its territorial units on realization in terms of defined strategic priorities for programs of social economic development will facilitate disproportion reduction and differences in the development of territory units in the region, as well as positively influences the growth of gross domestic product providing steady increase of social welfare. Keywords: social economic regional development, ecology programs, social programs, gross regional domestic product, Pierson’s correlation coefficient. JEL: R 58

  10. Labour Manoeuvrability and Economic Performance in Township-Village Enterprises: The Case of China

    NARCIS (Netherlands)

    Modderman, Eelco; Gorter, Cees; Dalhuisen, Jasper; Nijkamp, Peter

    2001-01-01

    The purpose of this paper is to explain the relationship between economic performance and labourmanoeuvrability of township-village enterprises in the Jiangsu province, China. We start with a general overview of the development in the Chinese economy and the functioning of labour markets. Next, we

  11. Economic and environmental performance of future fusion plants in comparison

    International Nuclear Information System (INIS)

    Hamacher, T.; Saez, R.M.; Lako, P.

    2001-01-01

    If the good performance of fusion as technology with no CO 2 emission during normal operation and rather low external costs, reflecting the advantageous environmental and safety characteristics, are considered in future energy regulations, fusion can win considerable market shares in future electricity markets. The economic performance was elaborated for Western Europe for the time period till 2100. The software tool MARKAL widely used in energy research was used to simulate and optimise the development of the Western European energy system. Two different scenarios were considered, the main difference was the interest rate for investments. Stringent CO 2 -emission strategies lead to considerable market shares for fusion. As a comprehensive indicator of the environmental and safety performance of fusion plants the external costs following the ExternE method was used. External costs of fusion are rather low, much below the cost of electricity, and are in the same range as photovoltaics and wind energy. (author)

  12. Luck, Policy or Something Else Entirely? Vietnam’s Economic Performance in 2009 and Prospects for 2010

    Directory of Open Access Journals (Sweden)

    Adam J. Fforde

    Full Text Available Vietnam’s economic performance in 2009 is seen by the Vietnamese government and representatives of the Western donor communities as good, with the effects of the global financial crisis relatively mild. The paper notes a lack of contestation of these mainstream views and locates them within an assessment of major trends in 2009, and medium-term issues. Particular focus is placed upon the policy implications of rural development and the need for a strong rationalisation of the state sector. Remarks upon the political economy of change then permit comments upon interactions between economic performance and gathering social and political concern with the political challenges of transition to so-called ‘middle income’ status, which in many countries has posed novel and tricky problems of adjustment, often requiring major social and political adjustments that have not always been successful. The paper concludes by suggesting that, as in the past, Vietnam’s style of change finds some things easy and others hard, and that this has its reflection in economic policy and performance.

  13. Dynamic performance assessment of a residential building-integrated cogeneration system under different boundary conditions. Part II: Environmental and economic analyses

    International Nuclear Information System (INIS)

    Rosato, Antonio; Sibilio, Sergio; Scorpio, Michelangelo

    2014-01-01

    Highlights: • A building-integrated micro-cogeneration system was dynamically simulated. • Simulation data were analyzed from both environmental and economic point of views. • The proposed system was compared with a conventional supply system. • The proposed system reduces the environmental impact under heat-led operation. • The proposed system reduces the operating costs whatever the control logic is. - Abstract: This work examines the performance of a residential building-integrated micro-cogeneration system during the winter by means of a whole building simulation software. The cogeneration unit was coupled with a multi-family house composed of three floors, compliant with the transmittance values of both walls and windows suggested by the Italian Law; a stratified combined tank for both heating purposes and domestic hot water production was also used for storing heat. Simulations were performed considering the transient nature of the building and occupant driven loads as well as the part-load characteristics of the cogeneration unit. This system was described in detail and analyzed from an energy point of view in the companion paper. In this paper the simulation results were evaluated in terms of both carbon dioxide equivalent emissions and operating costs; detailed analyses were performed in order to estimate the influence of the most significant boundary conditions on both environmental and economic performance of the proposed system: in particular, three volumes of the hot water storage, four climatic zones corresponding to four Italian cities, two electric demand profiles, as well as two control strategies micro-cogeneration unit were considered. The assessment of environmental impact was performed by using the standard emission factors approach, neglecting the effects of local pollutants. The operating costs due to both natural gas and electric energy consumption were evaluated in detail, whereas both the capital and maintenance costs were

  14. Rankings of International Achievement Test Performance and Economic Strength: Correlation or Conjecture?

    Directory of Open Access Journals (Sweden)

    CHRISTOPHER H. TIENKEN

    2008-04-01

    Full Text Available Examining a popular political notion, this article presents results from a series of Spearman Rho calculations conducted to investigate relationships between countries’ rankings on international tests of mathematics and science and future economic competitiveness as measured by the 2006 World Economic Forum’s Growth Competitiveness Index (GCI. The study investigated the existence of relationships between international test rankings from three different time periods during the last 50 years of U.S. education policy development (i.e., 1957–1982, 1983–2000, and 2001–2006 and 2006 GCI ranks. It extends previous research on the topic by investigating how GCI rankings in the top 50 percent and bottom 50 percent relate to rankings on international tests for the countries that participated in each test. The study found that the relationship between ranks on international tests of mathematics and science and future economic strength is stronger among nations with lower-performing economies. Nations with strong economies, such as the United States, demonstrate a weaker, nonsignificant relationship.

  15. Economic performance and public concerns about social class in twentieth-century books.

    Science.gov (United States)

    Chen, Yunsong; Yan, Fei

    2016-09-01

    What is the association between macroeconomic conditions and public perceptions of social class? Applying a novel approach based on the Google Books N-gram corpus, this study addresses the relationship between public concerns about social class and economic conditions throughout the twentieth century. The usage of class-related words/phrases, or "literary references to class," in American English-language books is related to US economic performance and income inequality. The findings of this study demonstrate that economic conditions play a significant role in literary references to class throughout the century, whereas income inequality does not. Similar results are obtained from further analyses using alternative measures of class concerns as well as different corpora of English Fiction and the New York Times. We add to the social class literature by showing that the long-term temporal dynamics of an economy can be exhibited by aggregate class concerns. The application of massive culture-wide content analysis using data of unprecedented size also represents a contribution to the literature. Copyright © 2016 Elsevier Inc. All rights reserved.

  16. Challenges when performing economic optimization of waste treatment: A review

    DEFF Research Database (Denmark)

    Juul, Nina; Münster, Marie; Ravn, H.

    2013-01-01

    -criteria analysis have been developed.A thorough updated review of the existing models is presented, and the main challenges and crucial parameters that need to be taken into account when assessing the economic performance of waste treatment alternatives are identified. The review article will assist both policy...... example, but models focusing on energy production have also been developed, as well as models which take into account a plant’s economies of scale, environmental impact, material recovery and social costs. Finally, models combining different criteria for the selection of waste treatment methods in multi...

  17. Outplanting Wyoming big sagebrush following wldfire: stock performance and economics

    Science.gov (United States)

    Dettweiler-Robinson, Eva; Bakker, Jonathan D.; Evans, James R.; Newsome, Heidi; Davies, G. Matt; Wirth, Troy A.; Pyke, David A.; Easterly, Richard T.; Salstrom, Debra; Dunwiddle, Peter W.

    2013-01-01

    Finding ecologically and economically effective ways to establish matrix species is often critical for restoration success. Wyoming big sagebrush (Artemisia tridentata subsp. wyomingensis) historically dominated large areas of western North America, but has been extirpated from many areas by large wildfires; its re-establishment in these areas often requires active management. We evaluated the performance (survival, health) and economic costs of container and bare-root stock based on operational plantings of more than 1.5 million seedlings across 2 200 ha, and compared our plantings with 30 other plantings in which sagebrush survival was tracked for up to 5 yr. Plantings occurred between 2001 and 2007, and included 12 combinations of stock type, planting amendment, and planting year.We monitored 10 500 plants for up to 8 yr after planting. Survival to Year 3 averaged 21% and was higher for container stock (30%) than bare-root stock (17%). Survival did not differ among container stock plantings, whereas survival of bare-root stock was sometimes enhanced by a hydrogel dip before planting, but not by

  18. Estimation to cost-performance of the change acting production capital funds of the rail-freight traffic of the Ukraine

    OpenAIRE

    Kravchenko, O.

    2011-01-01

    In the article is considered problems and tendencies of improvement of railway’s basic funds condition and is proposed the method of economic expediency estimation of substitute of functioning basic funds.

  19. Estimate of Passive Time Reversal Communication Performance in Shallow Water

    Directory of Open Access Journals (Sweden)

    Sunhyo Kim

    2017-12-01

    Full Text Available Time reversal processes have been used to improve communication performance in the severe underwater communication environment characterized by significant multipath channels by reducing inter-symbol interference and increasing signal-to-noise ratio. In general, the performance of the time reversal is strongly related to the behavior of the q -function, which is estimated by a sum of the autocorrelation of the channel impulse response for each channel in the receiver array. The q -function depends on the complexity of the communication channel, the number of channel elements and their spacing. A q -function with a high side-lobe level and a main-lobe width wider than the symbol duration creates a residual ISI (inter-symbol interference, which makes communication difficult even after time reversal is applied. In this paper, we propose a new parameter, E q , to describe the performance of time reversal communication. E q is an estimate of how much of the q -function lies within one symbol duration. The values of E q were estimated using communication data acquired at two different sites: one in which the sound speed ratio of sediment to water was less than unity and one where the ratio was higher than unity. Finally, the parameter E q was compared to the bit error rate and the output signal-to-noise ratio obtained after the time reversal operation. The results show that these parameters are strongly correlated to the parameter E q .

  20. Energy consumption and economic growth in China: A multivariate causality test

    International Nuclear Information System (INIS)

    Wang Yuan; Wang Yichen; Zhou Jing; Zhu Xiaodong; Lu Genfa

    2011-01-01

    This study takes a fresh look at the direction of causality between energy consumption and economic growth in China during the period from 1972 to 2006, using a multivariate cointegration approach. Given the weakness associated with the bivariate causality framework, the current study performs a multivariate causality framework by incorporating capital and labor variables into the model between energy consumption and economic growth based on neo-classical aggregate production theory. Using the recently developed autoregressive distributed lag (ARDL) bounds testing approach, a long-run equilibrium cointegration relationship has been found to exist between economic growth and the explanatory variables: energy consumption, capital and employment. Empirical results reveal that the long-run parameter of energy consumption on economic growth in China is approximately 0.15, through a long-run static solution of the estimated ARDL model, and that for the short-run is approximately 0.12 by the error correction model. The study also indicates the existence of short-run and long-run causality running from energy consumption, capital and employment to economic growth. The estimation results imply that energy serves as an important source of economic growth, thus more vigorous energy use and economic development strategies should be adopted for China. - Highlights: → Cointegration is only present when real GDP is the dependent variable. →The long-run causality running from energy consumption to economic growth. →China is an energy dependent economy.

  1. Estimating the burden of antimicrobial resistance: a systematic literature review.

    Science.gov (United States)

    Naylor, Nichola R; Atun, Rifat; Zhu, Nina; Kulasabanathan, Kavian; Silva, Sachin; Chatterjee, Anuja; Knight, Gwenan M; Robotham, Julie V

    2018-01-01

    Accurate estimates of the burden of antimicrobial resistance (AMR) are needed to establish the magnitude of this global threat in terms of both health and cost, and to paramaterise cost-effectiveness evaluations of interventions aiming to tackle the problem. This review aimed to establish the alternative methodologies used in estimating AMR burden in order to appraise the current evidence base. MEDLINE, EMBASE, Scopus, EconLit, PubMed and grey literature were searched. English language studies evaluating the impact of AMR (from any microbe) on patient, payer/provider and economic burden published between January 2013 and December 2015 were included. Independent screening of title/abstracts followed by full texts was performed using pre-specified criteria. A study quality score (from zero to one) was derived using Newcastle-Ottawa and Philips checklists. Extracted study data were used to compare study method and resulting burden estimate, according to perspective. Monetary costs were converted into 2013 USD. Out of 5187 unique retrievals, 214 studies were included. One hundred eighty-seven studies estimated patient health, 75 studies estimated payer/provider and 11 studies estimated economic burden. 64% of included studies were single centre. The majority of studies estimating patient or provider/payer burden used regression techniques. 48% of studies estimating mortality burden found a significant impact from resistance, excess healthcare system costs ranged from non-significance to $1 billion per year, whilst economic burden ranged from $21,832 per case to over $3 trillion in GDP loss. Median quality scores (interquartile range) for patient, payer/provider and economic burden studies were 0.67 (0.56-0.67), 0.56 (0.46-0.67) and 0.53 (0.44-0.60) respectively. This study highlights what methodological assumptions and biases can occur dependent on chosen outcome and perspective. Currently, there is considerable variability in burden estimates, which can lead in

  2. Advanced Small Modular Reactor Economics Status Report

    Energy Technology Data Exchange (ETDEWEB)

    Harrison, Thomas J [ORNL

    2014-10-01

    This report describes the data collection work performed for an advanced small modular reactor (AdvSMR) economics analysis activity at the Oak Ridge National Laboratory. The methodology development and analytical results are described in separate, stand-alone documents as listed in the references. The economics analysis effort for the AdvSMR program combines the technical and fuel cycle aspects of advanced (non-light water reactor [LWR]) reactors with the market and production aspects of SMRs. This requires the collection, analysis, and synthesis of multiple unrelated and potentially high-uncertainty data sets from a wide range of data sources. Further, the nature of both economic and nuclear technology analysis requires at least a minor attempt at prediction and prognostication, and the far-term horizon for deployment of advanced nuclear systems introduces more uncertainty. Energy market uncertainty, especially the electricity market, is the result of the integration of commodity prices, demand fluctuation, and generation competition, as easily seen in deregulated markets. Depending on current or projected values for any of these factors, the economic attractiveness of any power plant construction project can change yearly or quarterly. For long-lead construction projects such as nuclear power plants, this uncertainty generates an implied and inherent risk for potential nuclear power plant owners and operators. The uncertainty in nuclear reactor and fuel cycle costs is in some respects better understood and quantified than the energy market uncertainty. The LWR-based fuel cycle has a long commercial history to use as its basis for cost estimation, and the current activities in LWR construction provide a reliable baseline for estimates for similar efforts. However, for advanced systems, the estimates and their associated uncertainties are based on forward-looking assumptions for performance after the system has been built and has achieved commercial operation

  3. System performance and economic analysis of solar-assisted cooling/heating system

    KAUST Repository

    Huang, B.J.

    2011-11-01

    The long-term system simulation and economic analysis of solar-assisted cooling/heating system (SACH-2) was carried out in order to find an economical design. The solar heat driven ejector cooling system (ECS) is used to provide part of the cooling load to reduce the energy consumption of the air conditioner installed as the base-load cooler. A standard SACH-2 system for cooling load 3.5. kW (1. RT) and daily cooling time 10 h is used for case study. The cooling performance is assumed only in summer seasons from May to October. In winter season from November to April, only heat is supplied. Two installation locations (Taipei and Tainan) were examined.It was found from the cooling performance simulation that in order to save 50% energy of the air conditioner, the required solar collector area is 40m2 in Taipei and 31m2 in Tainan, for COPj=0.2. If the solar collector area is designed as 20m2, the solar ejector cooling system will supply about 17-26% cooling load in Taipei in summer season and about 21-27% cooling load in Tainan. Simulation for long-term performance including cooling in summer (May-October) and hot water supply in winter (November-April) was carried out to determine the monthly-average energy savings. The corresponding daily hot water supply (with 40°C temperature rise of water) for 20m2 solar collector area is 616-858L/day in Tainan and 304-533L/day in Taipei.The economic analysis shows that the payback time of SACH-2 decreases with increasing cooling capacity. The payback time is 4.8. years in Tainan and 6.2. years in Taipei when the cooling capacity >10. RT. If the ECS is treated as an additional device used as a protective equipment to avoid overheating of solar collectors and to convert the excess solar heat in summer into cooling to reduce the energy consumption of air conditioner, the payback time is less than 3 years for cooling capacity larger than 3. RT. © 2011 Elsevier Ltd.

  4. Estimating the economic impact of a repository from scenario-based surveys: Models of the relation of stated intent to actual behavior

    International Nuclear Information System (INIS)

    Easterling, D.; Morwitz, V.; Kunreuther, H.

    1990-12-01

    The task of estimating the economic impact of a facility as novel and long-lived as a high-level nuclear waste (HLNW) repository is fraught with uncertainty. One approach to the forecasting problems is to survey economic agents as to how they would respond when confronted with hypothetical repository scenarios. A series of such studies conducted for the state of Nevada have examined the potential impact of a Yucca Mountain repository on behavior such as planning conventions, attending conventions, vacationing, outmigration, immigration, and business location. In each case, respondents drawn from a target population report on whether a particular repository event (either some form of an accident, or simply the presence of the facility) would cause them to act any differently than they otherwise would. The responses to such a survey provide an indication of whether or not economic behavior would be altered. However, the analysis is inevitably plagued with the question of how much credence to place in the reports of intended behavior; can we believe what people report they would do in a hypothetical situation? The present study examines a more precise version of this question regarding the validity of stated intent data. After reviewing a variety of literature in the area of intent versus actual behavior, we provide an answer to the question, ''What levels of actual behavior are consistent with the intent data that have been observed in the repository surveys?'' More formally, we assume that we are generally interested in predicting the proportion of a sample who will actually perform a target behavior. 86 refs., 6 figs., 9 tabs

  5. Methods of Economic Valuation of The Health Risks Associated with Nanomaterials

    Science.gov (United States)

    Shalhevet, S.; Haruvy, N.

    The worldwide market for nanomaterials is growing rapidly, but relatively little is still known about the potential risks associated with these materials. The potential health hazards associated with exposure to nanomaterials may lead in the future to increased health costs as well as increased economic costs to the companies involved, as has happened in the past in the case of asbestos. Therefore, it is important to make an initial estimate of the potential costs associated with these health hazards, and to prepare ahead with appropriate health insurance for individuals and financial insurance for companies. While several studies have examined the environmental and health hazards of different nanomaterials by performing life cycle impact assessments, so far these studies have concentrated on the cost of production, and did not estimate the economic impact of the health hazards. This paper discusses methods of evaluating the economic impact of potential health hazards on the public. The proposed method is based on using life cycle impact assessment studies of nanomaterials to estimate the DALYs (Disability Adjusted Life Years) associated with the increased probability of these health hazards. The economic valuation of DALY's can be carried out based on the income lost and the costs of medical treatment. The total expected increase in cost depends on the increase in the statistical probability of each disease.

  6. Evaluating the performance of simple estimators for probit models with two dummy endogenous regressors

    DEFF Research Database (Denmark)

    Holm, Anders; Nielsen, Jacob Arendt

    2013-01-01

    This study considers the small sample performance of approximate but simple two-stage estimators for probit models with two endogenous binary covariates. Monte Carlo simulations showthat all the considered estimators, including the simulated maximum-likelihood (SML) estimation, of the trivariate ...

  7. Does national scale economic and environmental indicators spur logistics performance? Evidence from UK.

    Science.gov (United States)

    Khan, Syed Abdul Rehman; Qianli, Dong

    2017-12-01

    The aim of this study is to examine the association between national economic and environmental indicators with green logistics performance in a time series data of UK since 1981 to 2016. The research used autoregressive distributed lag method to understand the long-run and short-run relationships of national scale economic (foreign direct investment (FDI) inflows, per capita income) and environmental indicators (total greenhouse gases, fossil fuel, and renewable energy) on green logistics. In the short run, the research findings indicate that the green logistics and renewable energy have positive relationship, while fossil fuel is negatively correlated with green logistics operations. On the other hand, in the long run, the results show that FDI inflows, renewable energy sources, and per capita income have statistically significant and positive association with green logistics activities, while foreign investments attracted by environmental friendly policies and practices adopted in global logistics operations, which not only increase the environmental sustainability but also enhance economic activities with greater export opportunities in the region.

  8. Exploration of a digital audio processing platform using a compositional system level performance estimation framework

    DEFF Research Database (Denmark)

    Tranberg-Hansen, Anders Sejer; Madsen, Jan

    2009-01-01

    This paper presents the application of a compositional simulation based system-level performance estimation framework on a non-trivial industrial case study. The case study is provided by the Danish company Bang & Olufsen ICEpower a/s and focuses on the exploration of a digital mobile audio...... processing platform. A short overview of the compositional performance estimation framework used is given followed by a presentation of how it is used for performance estimation using an iterative refinement process towards the final implementation. Finally, an evaluation in terms of accuracy and speed...

  9. High-performance workplace practices in nursing homes: an economic perspective.

    Science.gov (United States)

    Bishop, Christine E

    2014-02-01

    To develop implications for research, practice and policy, selected economics and human resources management research literature was reviewed to compare and contrast nursing home culture change work practices with high-performance human resource management systems in other industries. The organization of nursing home work under culture change has much in common with high-performance work systems, which are characterized by increased autonomy for front-line workers, self-managed teams, flattened supervisory hierarchy, and the aspiration that workers use specific knowledge gained on the job to enhance quality and customization. However, successful high-performance work systems also entail intensive recruitment, screening, and on-going training of workers, and compensation that supports selective hiring and worker commitment; these features are not usual in the nursing home sector. Thus despite many parallels with high-performance work systems, culture change work systems are missing essential elements: those that require higher compensation. If purchasers, including public payers, were willing to pay for customized, resident-centered care, productivity gains could be shared with workers, and the nursing home sector could move from a low-road to a high-road employment system.

  10. ESTIMATING HIGH LEVEL WASTE MIXING PERFORMANCE IN HANFORD DOUBLE SHELL TANKS

    International Nuclear Information System (INIS)

    Thien, M.G.; Greer, D.A.; Townson, P.

    2011-01-01

    The ability to effectively mix, sample, certify, and deliver consistent batches of high level waste (HLW) feed from the Hanford double shell tanks (DSTs) to the Waste Treatment and Immobilization Plant (WTP) presents a significant mission risk with potential to impact mission length and the quantity of HLW glass produced. The Department of Energy's (DOE's) Tank Operations Contractor (TOC), Washington River Protection Solutions (WRPS) is currently demonstrating mixing, sampling, and batch transfer performance in two different sizes of small-scale DSTs. The results of these demonstrations will be used to estimate full-scale DST mixing performance and provide the key input to a programmatic decision on the need to build a dedicated feed certification facility. This paper discusses the results from initial mixing demonstration activities and presents data evaluation techniques that allow insight into the performance relationships of the two small tanks. The next steps, sampling and batch transfers, of the small scale demonstration activities are introduced. A discussion of the integration of results from the mixing, sampling, and batch transfer tests to allow estimating full-scale DST performance is presented.

  11. The Dynamics of the Economic-Financial Performance of the Corporate System of National Economy

    Directory of Open Access Journals (Sweden)

    Riabokin Taras V.

    2017-02-01

    Full Text Available The article is aimed at analyzing the dynamics of the economic-financial performance of the national corporate system, identifying trends in its development. An allocation of the corporate system as a structured object and its research will contribute to understanding of the dynamic properties of the corporate system itself, its actors, and the economy as a whole. An analysis of the dynamics of the economic-financial performance of the corporate system of national economy has been carried out. The national accounts of Ukraine for 2008-2015, in particular, in the sectors of both non-financial and financial corporations as the major subsystems of the corporate system, have been analyzed. Trends as to releasing goods and services, intermediate consumption, gross value added, and net value added, incomes, savings, net lending (+, and net borrowing (-, have been highlighted. Future researches should address a deeper analysis of the performance indicators of individual corporations, the corporate structures, constituting a part of the core corporate system, including the financial core, as well as efficiency of the State administration of national economy

  12. Does Sustainability Affect Corporate Performance and Economic Development? Evidence from the Asia-Pacific region and North America

    Directory of Open Access Journals (Sweden)

    Kyungbok Kim

    2018-03-01

    Full Text Available This paper explores how sustainability influences financial returns and economic development in the Asia-Pacific region and North America, utilizing real data empirically. It is controversial that sustainable activities are related to financial performance. For clarification, we tested hypotheses analyzing sustainability index, seven stock markets, financial data such as ROI, ROIC, and ROA from eleven companies, and GDP/GNI per capita, based on the Asia-Pacific region and North America. The results indicate that both financial return for companies and economic development in the two regions are positively germane to sustainable investment. Besides, we found evidence that sustainable investment impacts economic development based on variance decomposition analysis, depending on GDP per capita between the two regions. This implication will be interesting for both practitioners and researchers regarding the measurement of sustainable performance.

  13. ANALYSIS IMPORT POLICY OF SOYBEAN ON ECONOMICS PERFORMANCE OF INDONESIAN SOYBEAN

    Directory of Open Access Journals (Sweden)

    Muthiah Abda Azizah

    2015-11-01

    Full Text Available Trade liberalization is closely related to the opening of market access for Indonesian products to the world and vice versa. Since the soybean trade out of BULOG control began in 1998, soybean imports increased very rapidly (Sudaryanto and Swastika, 2007. This research aims to determine the general picture of soybean economy, factors analyses that influence the economic performance of Indonesian soybean and findings the alternative of policies that can reduce soybean imports in Indonesia. Methods of data analysis are descriptive analysis, 2SLS simultaneous equations, and simulation of policy alternatives. Results of the analysis of the factors that affect the economic performance of Indonesian soybean, consists of 1 The area of soybean harvest is influenced significantly by the price of domestic soybean and domestic prices of corn, 2 Productivity soybean influenced significantly by the domestic prices of soybean and fertilizer prices, 3 soybean demand influenced significantly by population, domestic prices of soybean, 4 domestic prices of soybean significantly affected by world prices of soybean, exchange rates, and soybean supply, 5 Imports of soybean influenced significantly by the domestic demand of soybean and soybean production. Therefore, policy scenarios should be made to reduce soybean imports, including by carrying out the expansion of soybean harvest policy, the policy of increasing the productivity of soybean, the policy of subsidizing the price of fertilizer.

  14. A Panel Estimation of the Relationship Between Trade Liberalization, Economic Growth and CO2 Emissions in BRICS Countries

    Directory of Open Access Journals (Sweden)

    Mehrara Mohsen

    2013-12-01

    Full Text Available In the last few years, several studies have found an inverted-U relationship between per capita income and environmental degradation. This relationship, known as the environmental Kuznets curve (EKC, suggests that environmental degradation increases in the early stages of growth, but it eventually decreases as income exceeds a threshold level. However, this paper investigation relationship between per capita CO2 emission, growth economics and trade liberalization based on econometric techniques of unit root test, co-integration and a panel data set during the period 1960-1996 for BRICS countries. Data properties were analyzed to determine their stationarity using the LLC , IPS , ADF and PP unit root tests which indicated that the series are I(1. We find a cointegration relationship between per capita CO2 emission, growth economics and trade liberalization by applying Kao panel cointegration test. The evidence indi\tcates that in the long-run trade liberalization has a positive significant impact on CO2 emissions and impact of trade liberalization on emissions growth depends on the level of income Our findings suggest that there is a quadratic relationship between relationship between real GDP and CO2 emissions for the region as a whole. The estimated long-run coefficients of real GDP and its square satisfy the EKC hypothesis in all of studied countries. Our estimation shows that the inflection point or optimal point real GDP per capita is about 5269.4 dollars. The results show that on average, sample countries are on the positive side of the inverted U curve. The turning points are very low in some cases and very high in other cases, hence providing poor evidence in support of the EKC hypothesis. Thus, our findings suggest that all BRICS countries need to sacrifice economic growth to decrease their emission levels

  15. Rocket Based Combined Cycle Exchange Inlet Performance Estimation at Supersonic Speeds

    Science.gov (United States)

    Murzionak, Aliaksandr

    A method to estimate the performance of an exchange inlet for a Rocket Based Combined Cycle engine is developed. This method is to be used for exchange inlet geometry optimization and as such should be able to predict properties that can be used in the design process within a reasonable amount of time to allow multiple configurations to be evaluated. The method is based on a curve fit of the shocks developed around the major components of the inlet using solutions for shocks around sharp cones and 2D estimations of the shocks around wedges with blunt leading edges. The total pressure drop across the estimated shocks as well as the mass flow rate through the exchange inlet are calculated. The estimations for a selected range of free-stream Mach numbers between 1.1 and 7 are compared against numerical finite volume method simulations which were performed using available commercial software (Ansys-CFX). The total pressure difference between the two methods is within 10% for the tested Mach numbers of 5 and below, while for the Mach 7 test case the difference is 30%. The mass flow rate on average differs by less than 5% for all tested cases with the maximum difference not exceeding 10%. The estimation method takes less than 3 seconds on 3.0 GHz single core processor to complete the calculations for a single flight condition as oppose to over 5 days on 8 cores at 2.4 GHz system while using 3D finite volume method simulation with 1.5 million elements mesh. This makes the estimation method suitable for the use with exchange inlet geometry optimization algorithm.

  16. Effects of Concept Mapping Strategy on Learning Performance in Business and Economics Statistics

    Science.gov (United States)

    Chiou, Chei-Chang

    2009-01-01

    A concept map (CM) is a hierarchically arranged, graphic representation of the relationships among concepts. Concept mapping (CMING) is the process of constructing a CM. This paper examines whether a CMING strategy can be useful in helping students to improve their learning performance in a business and economics statistics course. A single…

  17. Global Economic Impact of Dental Diseases.

    Science.gov (United States)

    Listl, S; Galloway, J; Mossey, P A; Marcenes, W

    2015-10-01

    Reporting the economic burden of oral diseases is important to evaluate the societal relevance of preventing and addressing oral diseases. In addition to treatment costs, there are indirect costs to consider, mainly in terms of productivity losses due to absenteeism from work. The purpose of the present study was to estimate the direct and indirect costs of dental diseases worldwide to approximate the global economic impact. Estimation of direct treatment costs was based on a systematic approach. For estimation of indirect costs, an approach suggested by the World Health Organization's Commission on Macroeconomics and Health was employed, which factored in 2010 values of gross domestic product per capita as provided by the International Monetary Fund and oral burden of disease estimates from the 2010 Global Burden of Disease Study. Direct treatment costs due to dental diseases worldwide were estimated at US$298 billion yearly, corresponding to an average of 4.6% of global health expenditure. Indirect costs due to dental diseases worldwide amounted to US$144 billion yearly, corresponding to economic losses within the range of the 10 most frequent global causes of death. Within the limitations of currently available data sources and methodologies, these findings suggest that the global economic impact of dental diseases amounted to US$442 billion in 2010. Improvements in population oral health may imply substantial economic benefits not only in terms of reduced treatment costs but also because of fewer productivity losses in the labor market. © International & American Associations for Dental Research 2015.

  18. Performance estimates for the Space Station power system Brayton Cycle compressor and turbine

    Science.gov (United States)

    Cummings, Robert L.

    1989-01-01

    The methods which have been used by the NASA Lewis Research Center for predicting Brayton Cycle compressor and turbine performance for different gases and flow rates are described. These methods were developed by NASA Lewis during the early days of Brayton cycle component development and they can now be applied to the task of predicting the performance of the Closed Brayton Cycle (CBC) Space Station Freedom power system. Computer programs are given for performing these calculations and data from previous NASA Lewis Brayton Compressor and Turbine tests is used to make accurate estimates of the compressor and turbine performance for the CBC power system. Results of these calculations are also given. In general, calculations confirm that the CBC Brayton Cycle contractor has made realistic compressor and turbine performance estimates.

  19. Performance Estimation for Embedded Systems with Data and Control Dependencies

    DEFF Research Database (Denmark)

    Pop, Paul; Eles, Petru; Peng, Zebo

    2000-01-01

    In this paper we present an approach to performance estimation for hard real-time systems. We consider architectures consisting of multiple processors. The scheduling policy is based on a preemptive strategy with static priorities. Our model of the system captures both data and control dependencies...

  20. A new unbiased stochastic derivative estimator for discontinuous sample performances with structural parameters

    NARCIS (Netherlands)

    Peng, Yijie; Fu, Michael C.; Hu, Jian Qiang; Heidergott, Bernd

    In this paper, we propose a new unbiased stochastic derivative estimator in a framework that can handle discontinuous sample performances with structural parameters. This work extends the three most popular unbiased stochastic derivative estimators: (1) infinitesimal perturbation analysis (IPA), (2)

  1. Economic development evaluation based on science and patents

    Science.gov (United States)

    Jokanović, Bojana; Lalic, Bojan; Milovančević, Miloš; Simeunović, Nenad; Marković, Dusan

    2017-09-01

    Economic development could be achieved through many factors. Science and technology factors could influence economic development drastically. Therefore the main aim in this study was to apply computational intelligence methodology, artificial neural network approach, for economic development estimation based on different science and technology factors. Since economic analyzing could be very challenging task because of high nonlinearity, in this study was applied computational intelligence methodology, artificial neural network approach, to estimate the economic development based on different science and technology factors. As economic development measure, gross domestic product (GDP) was used. As the science and technology factors, patents in different field were used. It was found that the patents in electrical engineering field have the highest influence on the economic development or the GDP.

  2. The irradiance and temperature dependent mathematical model for estimation of photovoltaic panel performances

    International Nuclear Information System (INIS)

    Barukčić, M.; Ćorluka, V.; Miklošević, K.

    2015-01-01

    Highlights: • The temperature and irradiance dependent model for the I–V curve estimation is presented. • The purely mathematical model based on the analysis of the I–V curve shape is presented. • The model includes the Gompertz function with temperature and irradiance dependent parameters. • The input data are extracted from the data sheet I–V curves. - Abstract: The temperature and irradiance dependent mathematical model for photovoltaic panel performances estimation is proposed in the paper. The base of the model is the mathematical function of the photovoltaic panel current–voltage curve. The model of the current–voltage curve is based on the sigmoid function with temperature and irradiance dependent parameters. The temperature and irradiance dependencies of the parameters are proposed in the form of analytic functions. The constant parameters are involved in the analytical functions. The constant parameters need to be estimated to get the temperature and irradiance dependent current–voltage curve. The mathematical model contains 12 constant parameters and they are estimated by using the evolutionary algorithm. The optimization problem is defined for this purpose. The optimization problem objective function is based on estimated and extracted (measured) current and voltage values. The current and voltage values are extracted from current–voltage curves given in datasheet of the photovoltaic panels. The new procedure for estimation of open circuit voltage value at any temperature and irradiance is proposed in the model. The performance of the proposed mathematical model is presented for three different photovoltaic panel technologies. The simulation results indicate that the proposed mathematical model is acceptable for estimation of temperature and irradiance dependent current–voltage curve and photovoltaic panel performances within temperature and irradiance ranges

  3. Social and economic factors of the natural risk increasing: estimation of the Russian regions

    Directory of Open Access Journals (Sweden)

    E. Petrova

    2004-01-01

    Full Text Available This study is an attempt to assess quantitatively social and economic factors that determine vulnerability of Russian regions to natural risk, to trace the space differences of the considered factors, and to group the regions by their similarity. In order to indicate the regional differences in social and economic development, equipment condition, dangerous substances accumulation, and social trouble four the most suitable parameters were estimated, including the per capita production of Gross Regional Product (GRP, capital consumption, volume of total toxic waste, and crime rate. Increase of the first parameter causes vulnerability reducing, the increase of the last three causes its increasing. Using multidimensional cluster analysis five types of regions were found for Russia according to similarity of the considered parameters. These types are characterized with higher value of a single (rarely two chosen parameter, which seems to be sufficient enough to affect natural risks increasing in these regions in near future. Only few regions belonging to the fifth type proved to have rather high value of GRP and relatively low values of the other parameters. The negative correlation was found between a number of natural disasters (ND and the per capita GRP in case when some parameters reached anomalously high value. The distinctions between regions by prevailing different parameters, which result in natural risk increasing, help risk management to find directions where to focus on.

  4. Estimation of CO2 Transport Costs in South Korea Using a Techno-Economic Model

    Directory of Open Access Journals (Sweden)

    Kwangu Kang

    2015-03-01

    Full Text Available In this study, a techno–economic model was used to calculate the costs of CO2 transport and specify the major equipment required for transport in order to demonstrate and implement CO2 sequestration in the offshore sediments of South Korea. First, three different carbon capture and storage demonstration scenarios were set up involving the use of three CO2 capture plants and one offshore storage site. Each transport scenario considered both the pipeline transport and ship transport options. The temperature and pressure conditions of CO2 in each transport stage were determined from engineering and economic viewpoints, and the corresponding specifications and equipment costs were calculated. The transport costs for a 1 MtCO2/year transport rate were estimated to be US$33/tCO2 and US$28/tCO2 for a pipeline transport of ~530 km and ship transport of ~724 km, respectively. Through the economies of scale effect, the pipeline and ship transport costs for a transport rate of 3 MtCO2/year were reduced to approximately US$21/tCO2 and US$23/tCO2, respectively. A CO2 hub terminal did not significantly reduce the cost because of the short distance from the hub to the storage site and the small number of captured sources.

  5. Economic Valuation of the Global Burden of Cleft Disease Averted by a Large Cleft Charity.

    Science.gov (United States)

    Poenaru, Dan; Lin, Dan; Corlew, Scott

    2016-05-01

    This study attempts to quantify the burden of disease averted through the global surgical work of a large cleft charity, and estimate the economic impact of this effort over a 10-year period. Anonymized data of all primary cleft lip and cleft palate procedures in the Smile Train database were analyzed and disability-adjusted life years (DALYs) calculated using country-specific life expectancy tables, established disability weights, and estimated success of surgery and residual disability probabilities; multiple age weighting and discounting permutations were included. Averted DALYs were calculated and gross national income (GNI) per capita was then multiplied by averted DALYs to estimate economic gains. 548,147 primary cleft procedures were performed in 83 countries between 2001 and 2011. 547,769 records contained complete data available for the study; 58 % were cleft lip and 42 % cleft palate. Averted DALYs ranged between 1.46 and 4.95 M. The mean economic impact ranged between USD 5510 and 50,634 per person. This corresponded to a global economic impact of between USD 3.0B and 27.7B USD, depending on the DALY and GNI values used. The estimated cost of providing these procedures based on an average reimbursement rate was USD 197M (0.7-6.6 % of the estimated impact). The immense economic gain realized through procedures focused on a small proportion of the surgical burden of disease highlights the importance and cost-effectiveness of surgical treatment globally. This methodology can be applied to evaluate interventions for other conditions, and for evidence-based health care resource allocation.

  6. Development of Flight-Test Performance Estimation Techniques for Small Unmanned Aerial Systems

    Science.gov (United States)

    McCrink, Matthew Henry

    This dissertation provides a flight-testing framework for assessing the performance of fixed-wing, small-scale unmanned aerial systems (sUAS) by leveraging sub-system models of components unique to these vehicles. The development of the sub-system models, and their links to broader impacts on sUAS performance, is the key contribution of this work. The sub-system modeling and analysis focuses on the vehicle's propulsion, navigation and guidance, and airframe components. Quantification of the uncertainty in the vehicle's power available and control states is essential for assessing the validity of both the methods and results obtained from flight-tests. Therefore, detailed propulsion and navigation system analyses are presented to validate the flight testing methodology. Propulsion system analysis required the development of an analytic model of the propeller in order to predict the power available over a range of flight conditions. The model is based on the blade element momentum (BEM) method. Additional corrections are added to the basic model in order to capture the Reynolds-dependent scale effects unique to sUAS. The model was experimentally validated using a ground based testing apparatus. The BEM predictions and experimental analysis allow for a parameterized model relating the electrical power, measurable during flight, to the power available required for vehicle performance analysis. Navigation system details are presented with a specific focus on the sensors used for state estimation, and the resulting uncertainty in vehicle state. Uncertainty quantification is provided by detailed calibration techniques validated using quasi-static and hardware-in-the-loop (HIL) ground based testing. The HIL methods introduced use a soft real-time flight simulator to provide inertial quality data for assessing overall system performance. Using this tool, the uncertainty in vehicle state estimation based on a range of sensors, and vehicle operational environments is

  7. What Is the Economic Cost of Unplanned Pregnancy Following Hysteroscopic Sterilization in the US? A New National Estimate Based on Essure® Procedure Prevalence, Failure Rates and Workforce Productivity.

    Science.gov (United States)

    Sills, E Scott; Fernandez, Luca P; Jones, Christopher A

    Although hysteroscopic sterilization (HS) (Essure ®) has been available in the US since 2002, there is disagreement regarding its efficacy, and there has been no study of the economic impact of HS failure. Our investigation examined the economic consequences of contraceptive failure with Essure in the US. Contraceptive failure rates (CFR) of 5.7%, 7.7% and 9.6% were applied to the US cohort of HS patients (n = 600,000). Direct economic impact of productivity losses resulting from unplanned conceptions after HS was calculated by factoring Essure failure rate, the exposed population, US female labour force participation, unemployment rate, time away from work owing to vaginal delivery or pregnancy termination and weekly wages. For the 9.6% CFR scenario, US workforce productivity loss from unplanned pregnancy and delivery was estimated at 771,065 days (2,112 years). Productivity loss secondary to conception and subsequent termination of pregnancy after Essure was approximately 23,725 days (65 years). Assuming CFR at 5.7%, livebirth delivery with total time missed from work at 65 days, this was associated with an aggregate economic impact of $49.2M in lost annual wages. Direct economic impact of unplanned pregnancy after Essure irrespective of outcome (terminations and deliveries) was estimated to result in US productivity losses valued at ~$130M. Although not all unplanned pregnancy costs are attributable to failed HS, estimates derived from earlier surveys have not considered this contraceptive method, and the economic consequences of unplanned pregnancy after Essure are not trivial. Quantifying the economic consequences of HS failure would be improved with specific ICD-10 coding for Essure-associated symptoms.

  8. Production Functions for Water Delivery Systems: Analysis and Estimation Using Dual Cost Function and Implicit Price Specifications

    Science.gov (United States)

    Teeples, Ronald; Glyer, David

    1987-05-01

    Both policy and technical analysis of water delivery systems have been based on cost functions that are inconsistent with or are incomplete representations of the neoclassical production functions of economics. We present a full-featured production function model of water delivery which can be estimated from a multiproduct, dual cost function. The model features implicit prices for own-water inputs and is implemented as a jointly estimated system of input share equations and a translog cost function. Likelihood ratio tests are performed showing that a minimally constrained, full-featured production function is a necessary specification of the water delivery operations in our sample. This, plus the model's highly efficient and economically correct parameter estimates, confirms the usefulness of a production function approach to modeling the economic activities of water delivery systems.

  9. Survival modeling for the estimation of transition probabilities in model-based economic evaluations in the absence of individual patient data: a tutorial.

    Science.gov (United States)

    Diaby, Vakaramoko; Adunlin, Georges; Montero, Alberto J

    2014-02-01

    Survival modeling techniques are increasingly being used as part of decision modeling for health economic evaluations. As many models are available, it is imperative for interested readers to know about the steps in selecting and using the most suitable ones. The objective of this paper is to propose a tutorial for the application of appropriate survival modeling techniques to estimate transition probabilities, for use in model-based economic evaluations, in the absence of individual patient data (IPD). An illustration of the use of the tutorial is provided based on the final progression-free survival (PFS) analysis of the BOLERO-2 trial in metastatic breast cancer (mBC). An algorithm was adopted from Guyot and colleagues, and was then run in the statistical package R to reconstruct IPD, based on the final PFS analysis of the BOLERO-2 trial. It should be emphasized that the reconstructed IPD represent an approximation of the original data. Afterwards, we fitted parametric models to the reconstructed IPD in the statistical package Stata. Both statistical and graphical tests were conducted to verify the relative and absolute validity of the findings. Finally, the equations for transition probabilities were derived using the general equation for transition probabilities used in model-based economic evaluations, and the parameters were estimated from fitted distributions. The results of the application of the tutorial suggest that the log-logistic model best fits the reconstructed data from the latest published Kaplan-Meier (KM) curves of the BOLERO-2 trial. Results from the regression analyses were confirmed graphically. An equation for transition probabilities was obtained for each arm of the BOLERO-2 trial. In this paper, a tutorial was proposed and used to estimate the transition probabilities for model-based economic evaluation, based on the results of the final PFS analysis of the BOLERO-2 trial in mBC. The results of our study can serve as a basis for any model

  10. Performances d'une nouvelle approche dans l'estimation au champ

    African Journals Online (AJOL)

    ACSS

    Elle possède cependant des limitations, dues à l'organisation temporaire d'une .... Performances d'une nouvelle approche dans l'estimation au champ utilisant le principe de la ... différents types de résidus (soja, luzerne, haricot et maïs) et ...

  11. Improving the engineering-and-economical performance of ore-thermal electric furnaces in the smelting of silicomanganese

    Science.gov (United States)

    Kondrashov, V. P.; Pogrebisskiy, M. Ya; Lykov, A. G.; Rabinovich, V. L.; Bulgakov, A. S.

    2018-02-01

    Ways of increase of ore-heating electric furnaces, used for production of silicomanganese, engineering-and-economical performance are analyzed. Questions of data of the electric, thermal and technological modes of the furnace functioning collecting and processing for use in operation of an advanced control system of the furnace providing increase in technical and economic efficiency of technological process and an adaptability to quality of burden stock are considered.

  12. An Accurate Link Correlation Estimator for Improving Wireless Protocol Performance

    Science.gov (United States)

    Zhao, Zhiwei; Xu, Xianghua; Dong, Wei; Bu, Jiajun

    2015-01-01

    Wireless link correlation has shown significant impact on the performance of various sensor network protocols. Many works have been devoted to exploiting link correlation for protocol improvements. However, the effectiveness of these designs heavily relies on the accuracy of link correlation measurement. In this paper, we investigate state-of-the-art link correlation measurement and analyze the limitations of existing works. We then propose a novel lightweight and accurate link correlation estimation (LACE) approach based on the reasoning of link correlation formation. LACE combines both long-term and short-term link behaviors for link correlation estimation. We implement LACE as a stand-alone interface in TinyOS and incorporate it into both routing and flooding protocols. Simulation and testbed results show that LACE: (1) achieves more accurate and lightweight link correlation measurements than the state-of-the-art work; and (2) greatly improves the performance of protocols exploiting link correlation. PMID:25686314

  13. Environmental Economics

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

    David Glover, Bhim Adhikari and Isabelle Proulx

    Economy and Environment Program for Southeast Asia. ERF. Economic ... economists can contribute to this work by estimating the monetary value of such environment-related benefits ... One of the few safe places to put money has been land, ...

  14. Estimating the economic impact of a possible equine and human epidemic of West Nile virus infection in Belgium

    OpenAIRE

    Humblet, M.; Vandeputte, S.; Fecher-Bourgeois, F.; Leonard, P.; Gosset, C.; Balenghien, Thomas; Durand, B.; Saegerman, C.

    2016-01-01

    This study aimed at estimating, in a prospective scenario, the potential economic impact of a possible epidemic of WNV infection in Belgium, based on 2012 values for the equine and human health sectors, in order to increase preparedness and help decision-makers. Modelling of risk areas, based on the habitat suitable for Culex pipiens, the main vector of the virus, allowed us to determine equine and human populations at risk. Characteristics of the different clinical forms of the disease based...

  15. THE ECONOMICS OF REPROCESSING vs. DIRECT DISPOSAL OF SPENT NUCLEAR FUEL

    International Nuclear Information System (INIS)

    Bunn, Matthew; Fetter, Steve; Holdren, John P.; Zwaan, Bob van der

    2003-01-01

    This report assesses the economics of reprocessing versus direct disposal of spent nuclear fuel. The breakeven uranium price at which reprocessing spent nuclear fuel from existing light-water reactors (LWRs) and recycling the resulting plutonium and uranium in LWRs would become economic is assessed, using central estimates of the costs of different elements of the nuclear fuel cycle (and other fuel cycle input parameters), for a wide range of range of potential reprocessing prices. Sensitivity analysis is performed, showing that the conclusions reached are robust across a wide range of input parameters. The contribution of direct disposal or reprocessing and recycling to electricity cost is also assessed. The choice of particular central estimates and ranges for the input parameters of the fuel cycle model is justified through a review of the relevant literature. The impact of different fuel cycle approaches on the volume needed for geologic repositories is briefly discussed, as are the issues surrounding the possibility of performing separations and transmutation on spent nuclear fuel to reduce the need for additional repositories. A similar analysis is then performed of the breakeven uranium price at which deploying fast neutron breeder reactors would become competitive compared with a once-through fuel cycle in LWRs, for a range of possible differences in capital cost between LWRs and fast neutron reactors. Sensitivity analysis is again provided, as are an analysis of the contribution to electricity cost, and a justification of the choices of central estimates and ranges for the input parameters. The equations used in the economic model are derived and explained in an appendix. Another appendix assesses the quantities of uranium likely to be recoverable worldwide in the future at a range of different possible future prices

  16. Malaria eradication: the economic, financial and institutional challenge.

    Science.gov (United States)

    Mills, Anne; Lubell, Yoel; Hanson, Kara

    2008-12-11

    Malaria eradication raises many economic, financial and institutional challenges. This paper reviews these challenges, drawing on evidence from previous efforts to eradicate malaria, with a special focus on resource-poor settings; summarizes more recent evidence on the challenges, drawing on the literature on the difficulties of scaling-up malaria control and strengthening health systems more broadly; and explores the implications of these bodies of evidence for the current call for elimination and intensified control. Economic analyses dating from the eradication era, and more recent analyses, suggest that, in general, the benefits of malaria control outweigh the costs, though few studies have looked at the relative returns to eradication versus long-term control. Estimates of financial costs are scanty and difficult to compare. In the 1960s, the consolidation phase appeared to cost less than $1 per capita and, in 1988, was estimated to be $2.31 per capita (both in 2006 prices). More recent estimates for high coverage of control measures suggest a per capita cost of several dollars. Institutional challenges faced by malaria eradication included limits to the rule of law (a major problem where malaria was concentrated in border areas with movement of people associated with illegal activities), the existence and performance of local implementing structures, and political sustainability at national and global levels. Recent analyses of the constraints to scaling-up malaria control, together with the historical evidence, are used to discuss the economic, financial and institutional challenges that face the renewed call for eradication and intensified control. The paper concludes by identifying a research agenda covering: issues of the allocative efficiency of malaria eradication, especially using macro-economic modelling to estimate the benefits and costs of malaria eradication and intensified control, and studies of the links between malaria control and economic

  17. Malaria eradication: the economic, financial and institutional challenge

    Directory of Open Access Journals (Sweden)

    Hanson Kara

    2008-12-01

    Full Text Available Abstract Malaria eradication raises many economic, financial and institutional challenges. This paper reviews these challenges, drawing on evidence from previous efforts to eradicate malaria, with a special focus on resource-poor settings; summarizes more recent evidence on the challenges, drawing on the literature on the difficulties of scaling-up malaria control and strengthening health systems more broadly; and explores the implications of these bodies of evidence for the current call for elimination and intensified control. Economic analyses dating from the eradication era, and more recent analyses, suggest that, in general, the benefits of malaria control outweigh the costs, though few studies have looked at the relative returns to eradication versus long-term control. Estimates of financial costs are scanty and difficult to compare. In the 1960s, the consolidation phase appeared to cost less than $1 per capita and, in 1988, was estimated to be $2.31 per capita (both in 2006 prices. More recent estimates for high coverage of control measures suggest a per capita cost of several dollars. Institutional challenges faced by malaria eradication included limits to the rule of law (a major problem where malaria was concentrated in border areas with movement of people associated with illegal activities, the existence and performance of local implementing structures, and political sustainability at national and global levels. Recent analyses of the constraints to scaling-up malaria control, together with the historical evidence, are used to discuss the economic, financial and institutional challenges that face the renewed call for eradication and intensified control. The paper concludes by identifying a research agenda covering: ∘ issues of the allocative efficiency of malaria eradication, especially using macro-economic modelling to estimate the benefits and costs of malaria eradication and intensified control, and studies of the links between

  18. Efficient Monte Carlo Estimation of the Expected Value of Sample Information Using Moment Matching.

    Science.gov (United States)

    Heath, Anna; Manolopoulou, Ioanna; Baio, Gianluca

    2018-02-01

    The Expected Value of Sample Information (EVSI) is used to calculate the economic value of a new research strategy. Although this value would be important to both researchers and funders, there are very few practical applications of the EVSI. This is due to computational difficulties associated with calculating the EVSI in practical health economic models using nested simulations. We present an approximation method for the EVSI that is framed in a Bayesian setting and is based on estimating the distribution of the posterior mean of the incremental net benefit across all possible future samples, known as the distribution of the preposterior mean. Specifically, this distribution is estimated using moment matching coupled with simulations that are available for probabilistic sensitivity analysis, which is typically mandatory in health economic evaluations. This novel approximation method is applied to a health economic model that has previously been used to assess the performance of other EVSI estimators and accurately estimates the EVSI. The computational time for this method is competitive with other methods. We have developed a new calculation method for the EVSI which is computationally efficient and accurate. This novel method relies on some additional simulation so can be expensive in models with a large computational cost.

  19. Development of the financial model for analyses on economic performances of nuclear facilities and examples of its applications

    International Nuclear Information System (INIS)

    Mankin, Shuichi; Ueno, Seiichi; Kimura, Shigeru; Yuasa, Tadao.

    1988-10-01

    On the assumption of the commercialization stage of technologies, the analysis on performances in financial operation based on simulation studies is one of important study subjects in the field of the system analysis and economic assessments of nuclear technologies. However, economic assessments on financial performances of such complex industries as nuclear power based on nuclear fuel cycle industries, or as electric utilities composed of hydro, fossil, nuclear power stations are complicated, and the adoption of conventional financial model is insufficient in the case of nuclear technologies which have such special financial process as decommissioning. We, therefore, develop the computer simulation model that can analyze financial performances of nuclear facilities. In this report, the derivation of equations and outlines of the model are explained. Additionally, examples of hypothetical financial simulation studies on a coal-gasoline plant, nuclear waste industries, and analysis on economic perspectives of small size nuclear reactors for electric utilities are indicated. (author)

  20. Case Studies: Improving Environmental Performance and Economic Prosperity at Ports and in Near-Port Communities

    Science.gov (United States)

    Case Study links for improving environmental performance and economic prosperity at ports and in near-port communities. Case studies on equipment upgrades, jobs and benefits, land use and transportation, port-community engagement, and citizen science.

  1. An Economic Analysis of Color-Blind Affirmative Action

    OpenAIRE

    Tolga Yuret

    2008-01-01

    This article offers an economic analysis of color-blind alternatives to conventional affirmative action policies in higher education, focusing on efficiency issues. When the distribution of applicants' traits is fixed (i.e., in the short-run) color blindness leads colleges to shift weight from academic traits that predict performance to social traits that proxy for race. Using data on matriculates at several selective colleges and universities, we estimate that the short-run efficiency cost o...

  2. Economic growth and emissions reconsidering the empirical basis of environmental Kuznets curves

    International Nuclear Information System (INIS)

    De Bruyn, S.M.; Van den Bergh, J.C.J.M.; Opschoor, J.B.

    1998-01-01

    Recent empirical research indicates that certain types of emissions follow an inverted-U or environmental Kuznets curve (EKC) as income grows. This regularity has been interpreted as a possible de-linking of economic growth and patterns of certain pollutants for developed economies. In this paper the empirical basis of this result is investigated, by considering some statistical particularities of the various EKC studies performed. It is argued that the inverted-U relationship between income and emissions estimated from panel data need not hold for specific individual countries over time. Based on insights from 'intensity-of-use' analysis in resource economics an alternative growth model is specified and estimated for three types of emissions (CO 2 , NO x and SO 2 ) in four countries (Netherlands, UK, USA and Western Germany). It is found that the time patterns of these emissions correlate positively with economic growth and that emission reductions may have been achieved as a result of structural and technological changes in the economy. 'Sustainable growth' is defined as the rate of economic growth that does not lead to growth in emissions. Its rate is calculated for each type of emission and country, based on estimated parameter values. The resulting indicators reflect a balance between the positive influence of growth and negative influence of structural change and technological progress on emission levels

  3. Economic institutions and economic growth: Empirical evidence from the Economic Community of West African States

    Directory of Open Access Journals (Sweden)

    Lazarus Z. Wanjuu

    2017-12-01

    Background: Economic institutions are considered as the fundamental cause of economic growth. Economic institutions affect economic growth through allocation of resources like physical and human capital. Unfortunately, there is dearth of empirical studies showing the impact of economic institutions on growth of the Economic Community of West African States (ECOWAS. Aim: This study investigates the impact of economic institutions on economic growth of the ECOWAS. Setting and method: The study applied cause and effect relationship. The study used econometric research techniques of unit root and co-integration tests to establish the time series properties of the data; the vector error correction and co-integration regression models to estimate the population parameters. The research data comprised data obtained from the United Nations Conference on Trade and Development (UNCTAD, the Transparency International (TI and Heritage Foundation databases. The variables employed were the real gross domestic product (GDP per capita (RGDPPC, corruption perception index (CPI, property rights protection (PROPRGT, private investment per capita (INVESPC, government expenditure per capita (GOEXPPC and trade openness (TRAOPN. Results: The results of the data analysed showed that economic institutions represented by the property rights index engender RGDPPC growth in ECOWAS. The CPI could not stimulate RGDPPC growth in ECOWAS. The results also show that all the other variables stimulated growth except trade openness. Conclusion: The study concludes that good economic institutions, private investments, and government intervention by providing security, economic and social infrastructural facilities are conducive for economic growth in the ECOWAS region. The study recommended that more efforts be made at curbing corruption in the region

  4. Preliminary economic feasibility study of MIP (Medical Isotopes Producer)

    International Nuclear Information System (INIS)

    Mon, G. H.; O, S. Y.

    2004-01-01

    Preliminary economic feasibility study of MIP (Medical Isotopes Producer), which is used liquid nuclear fuel to produce medical isotopes of Mo-99 and Sr-89, was performed. To do this, this study was estimated the IRR(Internal Rate of Return) and PBP(Pay-back Period) about optimistic and pessimistic cases for market penetration of Asia and U.S.A. isotope markets. And sensitivity analysis is also performed about capital cost and price of Mo-99 and Sr-89. According to the results, IRR was between 14.9% and 24.3%, and PBP was between 4.8 years and 7.8 years. These suggest that MIP has economic merits. MIP can produce other medical isotopes such as Sr-90, I-131, Xe-133, Cs-137. So, it is necessary to do cost-benefit analysis considering production of these other isotopes

  5. Manifold absolute pressure estimation using neural network with hybrid training algorithm.

    Directory of Open Access Journals (Sweden)

    Mohd Taufiq Muslim

    Full Text Available In a modern small gasoline engine fuel injection system, the load of the engine is estimated based on the measurement of the manifold absolute pressure (MAP sensor, which took place in the intake manifold. This paper present a more economical approach on estimating the MAP by using only the measurements of the throttle position and engine speed, resulting in lower implementation cost. The estimation was done via two-stage multilayer feed-forward neural network by combining Levenberg-Marquardt (LM algorithm, Bayesian Regularization (BR algorithm and Particle Swarm Optimization (PSO algorithm. Based on the results found in 20 runs, the second variant of the hybrid algorithm yields a better network performance than the first variant of hybrid algorithm, LM, LM with BR and PSO by estimating the MAP closely to the simulated MAP values. By using a valid experimental training data, the estimator network that trained with the second variant of the hybrid algorithm showed the best performance among other algorithms when used in an actual retrofit fuel injection system (RFIS. The performance of the estimator was also validated in steady-state and transient condition by showing a closer MAP estimation to the actual value.

  6. Manifold absolute pressure estimation using neural network with hybrid training algorithm.

    Science.gov (United States)

    Muslim, Mohd Taufiq; Selamat, Hazlina; Alimin, Ahmad Jais; Haniff, Mohamad Fadzli

    2017-01-01

    In a modern small gasoline engine fuel injection system, the load of the engine is estimated based on the measurement of the manifold absolute pressure (MAP) sensor, which took place in the intake manifold. This paper present a more economical approach on estimating the MAP by using only the measurements of the throttle position and engine speed, resulting in lower implementation cost. The estimation was done via two-stage multilayer feed-forward neural network by combining Levenberg-Marquardt (LM) algorithm, Bayesian Regularization (BR) algorithm and Particle Swarm Optimization (PSO) algorithm. Based on the results found in 20 runs, the second variant of the hybrid algorithm yields a better network performance than the first variant of hybrid algorithm, LM, LM with BR and PSO by estimating the MAP closely to the simulated MAP values. By using a valid experimental training data, the estimator network that trained with the second variant of the hybrid algorithm showed the best performance among other algorithms when used in an actual retrofit fuel injection system (RFIS). The performance of the estimator was also validated in steady-state and transient condition by showing a closer MAP estimation to the actual value.

  7. Performance Evaluation of Methods for Estimating Achievable Throughput on Cellular Connections

    DEFF Research Database (Denmark)

    Mikkelsen, Lars Møller; Højholt, Nikolaj Bove; Madsen, Tatiana Kozlova

    2015-01-01

    The continuous increase in always connected devices and the advance in capabilities of networks and services offered via the network is evident. The target group of most of these devices and services is users, so how users perceive the network performance is of great importance. Estimating achiev...... AT, due to its much reduced resource consumption. Based on real-life measurements of the two methods we conclude that TOPP is a good candidate to estimate AT, based on similarity in results with BTC....

  8. Nutrition economics - characterising the economic and health impact of nutrition.

    Science.gov (United States)

    Lenoir-Wijnkoop, I; Dapoigny, M; Dubois, D; van Ganse, E; Gutiérrez-Ibarluzea, I; Hutton, J; Jones, P; Mittendorf, T; Poley, M J; Salminen, S; Nuijten, M J C

    2011-01-01

    There is a new merging of health economics and nutrition disciplines to assess the impact of diet on health and disease prevention and to characterise the health and economic aspects of specific changes in nutritional behaviour and nutrition recommendations. A rationale exists for developing the field of nutrition economics which could offer a better understanding of both nutrition, in the context of having a significant influence on health outcomes, and economics, in order to estimate the absolute and relative monetary impact of health measures. For this purpose, an expert meeting assessed questions aimed at clarifying the scope and identifying the key issues that should be taken into consideration in developing nutrition economics as a discipline that could potentially address important questions. We propose a first multidisciplinary outline for understanding the principles and particular characteristics of this emerging field. We summarise here the concepts and the observations of workshop participants and propose a basic setting for nutrition economics and health outcomes research as a novel discipline to support nutrition, health economics and health policy development in an evidence and health-benefit-based manner.

  9. Design features in Korean next generation reactor focused on performance and economic viability

    International Nuclear Information System (INIS)

    Lee, J.S.; Chung, M.S.; Na, J.H.; Kim, M.C.; Choi, Y.S.

    2001-01-01

    As of the end of Dec. 1999, Korea's total nuclear power capacity reached 13,716 MWe with 16 units in operation and 4 units under construction. In addition, as part of the national long-term R and D programme launched in 1992, the Korean Next Generation Reactor (KNGR) is being developed to meet the electricity demands in the years to come and is expected to be safer and more economically competitive than any other conventional electric power sources in Korea. The KNGR project has successfully completed its second phase and is now on the third phase. In Phase III of the KNGR design development project, KNGR aims at reinforcing the economic competitiveness while maintaining safety goals. To achieve these objectives, the design options studied and the design requirements set up in the first phase are pursued while the second phase are being reviewed. This paper summarizes such efforts for design improvement in terms of performance and economic viability along with the status of nuclear power generation in Korea, focusing on KNGR currently. (author)

  10. Economic viability of ultra high-performance fiber reinforced concrete in prestressed concrete wind towers to support a 5 MW turbine

    Directory of Open Access Journals (Sweden)

    P. V. C. N. GAMA

    Full Text Available Abstract The Ultra-High Performance Fiber-Reinforced Concrete is a material with remarkable mechanical properties and durability when compared to conventional and high performance concrete, which allows its use even without the reinforcement. This paper proposes the design of prestressed towers for a 5 MW turbine, through regulatory provisions and the limit states method, with UHPFRC and the concrete class C50, comparing the differences obtained in the design by parametric analysis, giving the advantages and disadvantages of using this new type of concrete. Important considerations, simplifications and notes are made to the calculation process, as well as in obtaining the prestressing and passive longitudinal and passive transverse reinforcement, highlighting the shear strength of annular sections comparing a model proposed here with recent experimental results present in the literature, which was obtained good agreement. In the end, it is estimated a first value within the constraints here made to ensure the economic viability of the use of UHPFRC in a 100 m prestressed wind tower with a 5 MW turbine.

  11. A proposal of ecologic taxes based on thermo-economic performance of heat engine models

    International Nuclear Information System (INIS)

    Barranco-Jimenez, M. A.; Ramos-Gayosso, I.; Rosales, M. A.; Angulo-Brown, F.

    2009-01-01

    Within the context of Finite-Time Thermodynamics (FTT) a simplified thermal power plant model (the so-called Novikov engine) is analyzed under economical criteria by means of the concepts of profit function and the costs involved in the performance of the power plant. In this study, two different heat transfer laws are used, the so called Newton's law of cooling and the Dulong-Petit's law of cooling. Two FTT optimization criteria for the performance analysis are used: the maximum power regime (MP) and the so-called ecological criterion. This last criterion leads the engine model towards a mode of performance that appreciably diminishes the engine's wasted energy. In this work, it is shown that the energy-unit price produced under maximum power conditions is cheaper than that produced under maximum ecological (ME) conditions. This was accomplished by using a typical definition of profits function stemming from economics. The MP-regime produces considerably more wasted energy toward the environment, thus the MP energy-unit price is subsidized by nature. Due to this fact, an ecological tax is proposed, which could be a certain function of the price difference between the MP and ME modes of power production. (author)

  12. Incorporating economies of scale in the cost estimation in economic evaluation of PCV and HPV vaccination programmes in the Philippines: a game changer?

    Science.gov (United States)

    Suwanthawornkul, Thanthima; Praditsitthikorn, Naiyana; Kulpeng, Wantanee; Haasis, Manuel Alexander; Guerrero, Anna Melissa; Teerawattananon, Yot

    2018-01-01

    Many economic evaluations ignore economies of scale in their cost estimation, which means that cost parameters are assumed to have a linear relationship with the level of production. Economies of scale is the situation when the average total cost of producing a product decreases with increasing volume caused by reducing the variable costs due to more efficient operation. This study investigates the significance of applying the economies of scale concept: the saving in costs gained by an increased level of production in economic evaluation of pneumococcal conjugate vaccines (PCV) and human papillomavirus (HPV) vaccinations. The fixed and variable costs of providing partial (20% coverage) and universal (100% coverage) vaccination programs in the Philippines were estimated using various methods, including costs of conducting questionnaire survey, focus-group discussion, and analysis of secondary data. Costing parameters were utilised as inputs for the two economic evaluation models for PCV and HPV. Incremental cost-effectiveness ratios (ICERs) and 5-year budget impacts with and without applying economies of scale to the costing parameters for partial and universal coverage were compared in order to determine the effect of these different costing approaches. The program costs of the partial coverage for the two immunisation programs were not very different when applying and not applying the economies of scale concept. Nevertheless, the program costs for universal coverage were 0.26 and 0.32 times lower when applying economies of scale compared to not applying economies of scale for the pneumococcal and human papillomavirus vaccinations, respectively. ICERs varied by up to 98% for pneumococcal vaccinations, whereas the change in ICERs in the human papillomavirus vaccination depended on both the costs of cervical cancer screening and the vaccination program. This results in a significant difference in the 5-year budget impact, accounting for 30 and 40% of reduction in

  13. Energy, Electricity and Nuclear Power Estimates for the Period up to 2050. 2013 Ed

    International Nuclear Information System (INIS)

    2013-01-01

    Reference Data Series No. 1 (RDS-1) is an annual publication - currently in its thirty-third edition - containing estimates of energy, electricity and nuclear power trends up to the year 2050. RDS-1 starts with a summary of the situation of nuclear power in IAEA Member States as of the end of 2012. The data on nuclear power presented are based on actual statistical data collected by the IAEA's power Reactor Information System (PRIS). However, energy and electricity data for 2012 are estimated, as the latest information available from the united Nations Department of Economic and Social Affairs is for 2010 only. Population data originate from the world population prospects (2010 revision), published by the population Division of the united Nations Department of Economic and Social Affairs. The 2012 values again are estimates. As in previous editions, projections of future energy and electricity demand and the role of nuclear power are presented as low and high estimates encompassing the inherent uncertainties involved in projecting trends. The RDS-1 estimates should be viewed as very general growth trends whose validity must be constantly subjected to critical review. Many international, national and private organizations routinely engage in energy demand and supply projections, including nuclear power. These projections are based on a multitude of different assumptions and aggregating procedures, which make a straightforward comparison and synthesis very difficult. The basic differences refer to such fundamental input assumptions as: - Economic growth; - Correlation of economic growth and energy use; - Technology performance and costs; - Energy resource availability and future fuel prices; - Energy policy and physical, environmental and economic constraints

  14. Economic analysis of nuclear power generation

    International Nuclear Information System (INIS)

    Song, Ki Dong; Choi, Young Myung; Kim, Hwa Sup; Lee, Man Ki; Moon, Kee Hwan; Kim, Seung Su

    1997-12-01

    The major contents in this study are as follows : - long-term forecast to the year of 2040 is provided for nuclear electricity generating capacity by means of logistic curve fitting method. - the role of nuclear power in a national economy is analyzed in terms of environmental regulation. To do so, energy-economy linked model is developed. By using this model, the benefits from the introduction of nuclear power in Korea are estimated. Study on inter-industry economic activity for nuclear industry is carried out by means of an input-output analysis. Nuclear industry is examined in terms of inducement effect of production, of value-added, and of import. - economic analysis of nuclear power generation is performed especially taking into consideration wide variations of foreign currency exchange rate. The result is expressed in levelized generating costs. (author). 27 refs., 24 tabs., 44 figs

  15. The economics of tobacco in Lebanon: an estimation of the social costs of tobacco consumption.

    Science.gov (United States)

    Salti, Nisreen; Chaaban, Jad; Naamani, Nadia

    2014-05-01

    Assess the socioeconomic costs of smoking in Lebanon and understand the tobacco market and identify the winners and losers from the Lebanese tobacco trade. We take a close look at the market for tobacco and related markets to identify the main stakeholders and estimate the direct costs and benefits of tobacco. We also estimate lower bounds for the costs of tobacco, in terms of lost productivity, the cost of medical treatment, lost production due to premature death, and environmental damage. The paucity of data means our cost estimates are conservative lower bounds and we explicitly list the effects that we are unable to include. We identify the main actors in the tobacco trade: the Régie (the state-owned monopoly which regulates the tobacco trade), tobacco farmers, international tobacco companies, local distributors, retailers, consumers, and advertising firms. We identify as proximate actors the Ministries of Finance and Health, employers, and patients of smoking-related illnesses. In 2008, tobacco trade in Lebanon led to a total social cost of $326.7 million (1.1% of GDP). Low price tags on imported cigarettes not only increase smoking prevalence, but they also result in a net economic loss. Lebanese policymakers should consider the overall deficit from tobacco trade and implement the guidelines presented in the Framework Convention on Tobacco Control to at once increase government revenue and reduce government outlays, and save the labor market and the environment substantial costs.

  16. Globalization and Economic Freedom

    DEFF Research Database (Denmark)

    Bjørnskov, Christian

    2006-01-01

    This paper employs a panel data set to estimate the effect of globalization on four measures of economic freedom. Contrary to previous studies, the paper distinguishes between three separate types of globalization: economic, social and political. It also separates effects for poor and rich...... countries, and autocracies and democracies. The results show that economic globalization is negatively associated with government size and positively with regulatory freedom in rich countries; social globalization is positively associated with legal quality in autocracies and with the access to sound money...... in democracies. Political globalization is not associated with economic freedom...

  17. Economic integration and cross-border economic organizations: The case of San Diego-Tijuana

    Directory of Open Access Journals (Sweden)

    Jorge Eduardo Mendoza Cota

    2017-01-01

    Full Text Available The economic integration between the United States and Mexico has affected the economic, political and social relations in the border region. The paper seeks to relate the increasing economic integration and business cycles of the economies of San Diego and Tijuana to the development of both national and binational economic organizations in the border region. The methodology of analysis uses both statistical estimations of the economic integration of San Diego and Tijuana and semi-structured interviews of economic organizations to analyze the increasing economic integration and the role and achievements of the cross-border economic organizations. The results showed that cross-border cooperation is predominately controlled by federal and state governments on both sides of the border. However, the main achievements of cross-border economic cooperation have been accomplished by local private organizations. The perspective of further local economic development greatly depends on both the possibility of increased involvement of federal governments and the growing encouragement of regional organizations.

  18. Regional Economic Growth; Socio-Economic Disparities among Counties

    Directory of Open Access Journals (Sweden)

    Salih Özgür SARICA

    2014-12-01

    Full Text Available State level economy has always been relying on its major metropolitan area’s economic success. So, such metropolitan agglomerations have been considered the only agents that can foster the state’s economic standing as if other economic places do (or may not have significant contribution to the regional economy. In contrast, as some major cities enhance their economic well-being and agglomerate in specialized sector, the rest of the region lose their economic grounds or stay constant by widening the economic gap among cities. Therefore, an institutional approach can help to establish new regional arrangements to substitute all economic places to coordinate each other and succeed the economic growth as part of state government by reducing the disparities. In this sense, this study builds upon the inquiry that seeks the impacts of some economic disparities among economic places (counties on the performances of state level regional economy.

  19. Correlation Model between Economic Development and Environmental Performance on the Basis of Non-Financial Reporting

    Directory of Open Access Journals (Sweden)

    Vladimir Dmitrievich Bogdanov

    2016-03-01

    Full Text Available The most common international standards for the non-financial reporting are reviewed. The Global Reporting Initiative (GRI is determined as an optimal standard of sustainability reporting for the use in the Russian conditions. The environmental component of guidance on the compilation of G4 non-financial reporting of GRI standard is analyzed, the contribution of each aspect in terms of the overall picture of sustainability is determined. The progress of economic science has outlined the importance of incorporating natural components. Moreover, the value of biological resources would be increased through time, and therefore, the economic development of the company cannot be in isolation. To determine the degree of harmony between the economic development and ecological condition of the territory where the company carries out the economic activities, the application of new approaches and methods is necessary. Based on the statistical methods, a correlation model between economic development and environmental performance is developed to identify their relationship on the basis of non-financial reporting. The developed model of correlation can be used by a wide range of oil and gas companies and its general principles by the companies of different industries. The results may be of interest to stakeholders, also, it can be used for administrative purposes, to serve as a platform for forecasting and adoption of administrative decisions to achieve harmony between economic development and environmental performance. The model of correlation has been tested for the data of non-financial reporting of the Russian largest oil and gas company JSC “Surgutneftegas”. The testing has shown a positive relationship between the two systems of the company’s sustainable development: economy and ecology. This obtained result demonstrates a high level of social responsibility of the company in terms of environmental protection. A further study in this field can

  20. PERFORMANCE ANALYSIS OF PILOT BASED CHANNEL ESTIMATION TECHNIQUES IN MB OFDM SYSTEMS

    Directory of Open Access Journals (Sweden)

    M. Madheswaran

    2011-12-01

    Full Text Available Ultra wideband (UWB communication is mainly used for short range of communication in wireless personal area networks. Orthogonal Frequency Division Multiplexing (OFDM is being used as a key physical layer technology for Fourth Generation (4G wireless communication. OFDM based communication gives high spectral efficiency and mitigates Inter-symbol Interference (ISI in a wireless medium. In this paper the IEEE 802.15.3a based Multiband OFDM (MB OFDM system is considered. The pilot based channel estimation techniques are considered to analyze the performance of MB OFDM systems over Liner Time Invariant (LTI Channel models. In this paper, pilot based Least Square (LS and Least Minimum Mean Square Error (LMMSE channel estimation technique has been considered for UWB OFDM system. In the proposed method, the estimated Channel Impulse Responses (CIRs are filtered in the time domain for the consideration of the channel delay spread. Also the performance of proposed system has been analyzed for different modulation techniques for various pilot density patterns.

  1. JEDI: Jobs and Economic Development Impact Model

    Energy Technology Data Exchange (ETDEWEB)

    2017-06-13

    The Jobs and Economic Development Impact (JEDI) models are user-friendly tools that estimate the economic impacts of constructing and operating power generation and biofuel plants at the local (usually state) level. First developed by NREL's researchers to model wind energy jobs and impacts, JEDI has been expanded to also estimate the economic impacts of biofuels, coal, conventional hydro, concentrating solar power, geothermal, marine and hydrokinetic power, natural gas, photovoltaics, and transmission lines. This fact sheet focuses on JEDI for wind energy projects and is revised with 2017 figures.

  2. Creativity as an integral element of social capital and its role for economic performance

    OpenAIRE

    Westlund , Hans; Andersson, Martin; Karlsson, Charlie

    2013-01-01

    In this paper, we focus on the connections between creativity, social capital and economic performance and growth. Our working hypothesis is that both creativity and social capital influences the economy, both each per se, but also through their influence on each other. We regard creativity as one of the sources of entrepreneurship and innovation (although creativity also can have ‘bad’ consequences if bad actors such as criminals perform it). Depending on the types of networks and the norms ...

  3. Economic implications of fusion-fission energy systems

    International Nuclear Information System (INIS)

    Deonigi, D.E.; Schulte, S.C.

    1979-04-01

    The principal conclusions that can be made based on the estimated costs reported in this paper are twofold. First, hybrid reactors operating symbiotically with conventional fission reactors are a potentially attractive supply alternative. Estimated hybrid energy system costs are slightly greater than estimated costs of the most attractive alternatives. However, given the technological, economic, and institutional uncertainties associated with future energy supply, differences of such magnitude are of little significance. Second, to be economically viable, hybrid reactors must be both fuel producers and electricity producers. A data point representing each hybrid reactor driver-blanket concept is plotted as a function of net electrical production efficiency and annual fuel production. The plots illustrate that the most economically viable reactor concepts are those that produce both fuel and electricity

  4. Benchmarking of nuclear economics tools

    International Nuclear Information System (INIS)

    Moore, Megan; Korinny, Andriy; Shropshire, David; Sadhankar, Ramesh

    2017-01-01

    Highlights: • INPRO and GIF economic tools exhibited good alignment in total capital cost estimation. • Subtle discrepancies in the cost result from differences in financing and the fuel cycle assumptions. • A common set of assumptions was found to reduce the discrepancies to 1% or less. • Opportunities for harmonisation of economic tools exists. - Abstract: Benchmarking of the economics methodologies developed by the Generation IV International Forum (GIF) and the International Atomic Energy Agency’s International Project on Innovative Nuclear Reactors and Fuel Cycles (INPRO), was performed for three Generation IV nuclear energy systems. The Economic Modeling Working Group of GIF developed an Excel based spreadsheet package, G4ECONS (Generation 4 Excel-based Calculation Of Nuclear Systems), to calculate the total capital investment cost (TCIC) and the levelised unit energy cost (LUEC). G4ECONS is sufficiently generic in the sense that it can accept the types of projected input, performance and cost data that are expected to become available for Generation IV systems through various development phases and that it can model both open and closed fuel cycles. The Nuclear Energy System Assessment (NESA) Economic Support Tool (NEST) was developed to enable an economic analysis using the INPRO methodology to easily calculate outputs including the TCIC, LUEC and other financial figures of merit including internal rate of return, return of investment and net present value. NEST is also Excel based and can be used to evaluate nuclear reactor systems using the open fuel cycle, MOX (mixed oxide) fuel recycling and closed cycles. A Super Critical Water-cooled Reactor system with an open fuel cycle and two Fast Reactor systems, one with a break-even fuel cycle and another with a burner fuel cycle, were selected for the benchmarking exercise. Published data on capital and operating costs were used for economics analyses using G4ECONS and NEST tools. Both G4ECONS and

  5. Electricity consumption and economic growth in the GCC countries: Panel data analysis

    International Nuclear Information System (INIS)

    Osman, Mohamed; Gachino, Geoffrey; Hoque, Ariful

    2016-01-01

    Applying recent advances in panel data analysis, we investigate the relationship between electricity consumption and economic growth in the GCC countries using annual data from 1975 to 2012. Within a framework which takes into consideration dynamics, heterogeneity and cross-sectional dependence in the panel, we show that the results obtained from using the PMGE, demeaned PMG, AMG, MGE and DFE models indicate a long-run equilibrium relationship between electricity consumption and economic growth. In order to determine the appropriate model and decide the preferred estimator, the Hausman test was performed. The PMGE model emerged as the most efficient of the three estimators. Also, the results obtained revealed a bi-directional causality between economic growth and electricity consumption in these countries, which supports the feedback hypothesis. As a result, this implies that if these countries adopt or implement any energy or electricity conservation policies, this may have a negative impact on its economic growth. - Highlights: • The relationship between electricity consumption and GDP is explored. • Panel data econometric analysis is used to obtain the results. • Bidirectional causality between these variables is observed. • The results support the feedback hypothesis in the GCC countries.

  6. Performance of Sayigh's universal formula in the estimation of global solar radiation in Ghana

    International Nuclear Information System (INIS)

    Oduro Afriyie, K.

    1995-10-01

    The performance of Sayigh's universal formula for the estimation of global solar radiation is tested against that of Angstrom-Black model for 13 stations in Ghana, using monthly mean daily global solar radiation averaged over the years 1957-1981. Sayigh's model is found not to perform as credibility as the Angstrom-Black model in the estimation of monthly global solar radiation in Ghana. Of the 156 values of monthly global solar radiation estimated by Sayigh's model, 123 (or 78.8%) had discrepancies of more than 10% with the measured values. The corresponding value for the Angstrom-Black model was 7 (or 4.5%). (author). 5 refs

  7. Markov chain-based mass estimation method for loose part monitoring system and its performance

    Directory of Open Access Journals (Sweden)

    Sung-Hwan Shin

    2017-10-01

    Full Text Available A loose part monitoring system is used to identify unexpected loose parts in a nuclear reactor vessel or steam generator. It is still necessary for the mass estimation of loose parts, one function of a loose part monitoring system, to develop a new method due to the high estimation error of conventional methods such as Hertz's impact theory and the frequency ratio method. The purpose of this study is to propose a mass estimation method using a Markov decision process and compare its performance with a method using an artificial neural network model proposed in a previous study. First, how to extract feature vectors using discrete cosine transform was explained. Second, Markov chains were designed with codebooks obtained from the feature vector. A 1/8-scaled mockup of the reactor vessel for OPR1000 was employed, and all used signals were obtained by impacting its surface with several solid spherical masses. Next, the performance of mass estimation by the proposed Markov model was compared with that of the artificial neural network model. Finally, it was investigated that the proposed Markov model had matching error below 20% in mass estimation. That was a similar performance to the method using an artificial neural network model and considerably improved in comparison with the conventional methods.

  8. Performance analysis of supply and return fans for HVAC systems under different operating strategies of economizer dampers

    Energy Technology Data Exchange (ETDEWEB)

    Nassif, Nabil [Florida Solar Energy Center, A Research Institute of the University of Center Florida, 1679 Clearlake Road, Cocoa, FL 32922 (United States)

    2010-07-15

    HVAC systems and associated equipment consume a relatively large fraction of total building energy consumption, a significant portion of which is attributed to fan operation. The operation of economizer dampers when installed can cause high energy consumption in fans if they are not functioning in proper and optimal manner. This will mainly be due to the potential high pressure drops through those dampers and associated high total pressures that should be developed by supply and/or return fans. It is then necessary to ensure that a proper strategy to operate optimally the economizer dampers is implemented with minimum fan energy use. The paper examines several operation strategies of the economizer dampers and investigates their effects on the performance of both the supply and return fans in HVAC system. It also discusses a new operating strategy for economizer dampers that can lead to lower fan energy use. The strategies are evaluated by simulations for a typically existing HVAC system. Several factors such as the building locations, system characteristics, resistance in the duct where the dampers are installed, supply air temperature and economizer control, and minimum ventilation requirements are also considered during the evaluations. The results show that the way of the economizer dampers been controlled has a significant effect on fan performance and its energy use. The proposed strategy if properly implemented can provide fan energy saving in the range of 5-30%, depending mainly on the number of hours when the system operates in the free cooling mode, damper characteristics, and minimum outdoor air. (author)

  9. Explicit estimating equations for semiparametric generalized linear latent variable models

    KAUST Repository

    Ma, Yanyuan

    2010-07-05

    We study generalized linear latent variable models without requiring a distributional assumption of the latent variables. Using a geometric approach, we derive consistent semiparametric estimators. We demonstrate that these models have a property which is similar to that of a sufficient complete statistic, which enables us to simplify the estimating procedure and explicitly to formulate the semiparametric estimating equations. We further show that the explicit estimators have the usual root n consistency and asymptotic normality. We explain the computational implementation of our method and illustrate the numerical performance of the estimators in finite sample situations via extensive simulation studies. The advantage of our estimators over the existing likelihood approach is also shown via numerical comparison. We employ the method to analyse a real data example from economics. © 2010 Royal Statistical Society.

  10. Economic evaluations of occupational health interventions from a company's perspective: A systematic review of methods to estimate the cost of health-related productivity loss

    NARCIS (Netherlands)

    Uegaki, K.; Bruijne, M.C. de; Beek, A.J. van der; Mechelen, W. van; Tulder, M.W. van

    2011-01-01

    Objectives: To investigate the methods used to estimate the indirect costs of health-related productivity in economic evaluations from a company's perspective. Methods: The primary literature search was conducted in Medline and Embase. Supplemental searches were conducted in the Cochrane NHS

  11. Changing Economic Leadership: A New Benchmark of Sector Productivity in the United States and Western Europe, ca. 1910

    OpenAIRE

    Frankema, Ewout; Woltjer, Pieter; Smits, Jan-Pieter

    2013-01-01

    The debate concerning the exact timing and causes of changes in economic leadership constitutes one of the central themes in economic history. This study aims to improve the measurement of economic performance in the United States and Western Europe (Britain, France and the Netherlands) during the long nineteenth century by constructing a new benchmark of sector productivity and new estimates of comparative gdp per capita and per worker. Our main finding is that the Anglo-Dutch and Anglo-Amer...

  12. Estimating the public economic consequences of introducing varenicline smoking cessation therapy in South Korea using a fiscal analytic framework.

    Science.gov (United States)

    Connolly, Mark P; Baker, Christine L; Kotsopoulos, Nikolaos

    2018-06-01

    Smoking gives rise to many cross-sectorial public costs and benefits for government. Costs arise from increased healthcare spending and work-related social benefits, while smoking itself provides significant revenue for government from tobacco taxes. To better understand the public economic impact of smoking and smoking cessation therapies, this study developed a government perspective framework for assessing smoking-attributable morbidity and mortality and associated public costs. This framework includes changes in lifetime tax revenue and health costs, as well as changes in tobacco tax revenue, from fewer smokers. A modified generational accounting framework was developed to assess relationships between smoking-attributable morbidity and mortality and public economic consequences of smoking, including lifetime tax revenue gains/losses, government social transfers, and health spending. Based on the current prevalence of smoking in South Korean males, a cohort model was developed for smokers, former-smokers, and never-smokers. The model simulated the lifetime discounted fiscal transfers for different age cohorts in 5 year age bands, and the return on investment (ROI) from smoking cessation therapy. Former smokers are estimated to generate higher lifetime earnings and direct tax revenues and lower lifetime healthcare costs due to the reduction of smoking-attributable mortality and morbidity compared to smokers, even after accounting for reduced tobacco taxes paid. Based on the costs of public investments in varenicline, this study estimated a ROI from 1.4-1.7, depending on treatment age, with higher ROI in younger cohorts, with an average ROI of 1.6 for those aged less than 65. This analysis suggests that reductions in smoking can generate positive public economic benefits for government, even after accounting for lost tobacco tax revenues. The results described here are likely applicable to countries having similar underlying smoking prevalence, comparable taxation

  13. Economic and Technical Assessment of Wood Biomass Fuel Gasification for Industrial Gas Production

    Energy Technology Data Exchange (ETDEWEB)

    Anastasia M. Gribik; Ronald E. Mizia; Harry Gatley; Benjamin Phillips

    2007-09-01

    This project addresses both the technical and economic feasibility of replacing industrial gas in lime kilns with synthesis gas from the gasification of hog fuel. The technical assessment includes a materials evaluation, processing equipment needs, and suitability of the heat content of the synthesis gas as a replacement for industrial gas. The economic assessment includes estimations for capital, construction, operating, maintenance, and management costs for the reference plant. To perform these assessments, detailed models of the gasification and lime kiln processes were developed using Aspen Plus. The material and energy balance outputs from the Aspen Plus model were used as inputs to both the material and economic evaluations.

  14. Effects of shade and input management on economic performance of small-scale Peruvian coffee systems

    NARCIS (Netherlands)

    Jezeer, Rosalien E.|info:eu-repo/dai/nl/374336865; Ferreira Dos Santos, Maria Joao|info:eu-repo/dai/nl/371571979; Boot, René G.A.|info:eu-repo/dai/nl/069412928; Junginger, Martin|info:eu-repo/dai/nl/202130703; Verweij, Pita A.|info:eu-repo/dai/nl/145431843

    2018-01-01

    Tropical agroforestry systems provide a number of ecosystem services that might help sustain the production of multiple crops, improve farmers’ livelihoods and conserve biodiversity. A major drawback of agroforestry coffee systems is the perceived lower economic performance compared to high-input

  15. Estimating the Economic Benefits of Forward-Engaged Naval Forces

    National Research Council Canada - National Science Library

    Looney, Robert E; Schrady, David A; Brown, Ronald L

    2001-01-01

    In preparing for the 1997 quadrennial defense review, U.S. Navy leaders asked the Naval Postgraduate School to study the economic benefits of forward-engaged naval forces and communicate them to policy makers and the public...

  16. Economic Viability Study of an On-Road Wireless Charging System with a Generic Driving Range Estimation Method

    Directory of Open Access Journals (Sweden)

    Aditya Shekhar

    2016-01-01

    Full Text Available The economic viability of on-road wireless charging of electric vehicles (EVs strongly depends on the choice of the inductive power transfer (IPT system configuration (static or dynamic charging, charging power level and the percentage of road coverage of dynamic charging. In this paper, a case study is carried out to determine the expected investment costs involved in installing the on-road charging infrastructure for an electric bus fleet. Firstly, a generic methodology is described to determine the driving range of any EV (including electric buses with any gross mass and frontal area. A dynamic power consumption model is developed for the EV, taking into account the rolling friction, acceleration, deceleration, aerodynamic drag, regenerative braking and Li-ion battery behavior. Based on the simulation results, the linear dependence of the battery state of charge (SoC on the distance traveled is proven. Further, the impact of different IPT system parameters on driving range is incorporated. Economic implications of a combination of different IPT system parameters are explored for achieving the required driving range of 400 km, and the cost optimized solution is presented for the case study of an electric bus fleet. It is shown that the choice of charging power level and road coverage are interrelated in the economic context. The economic viability of reducing the capacity of the on-board battery as a trade-off between higher transport efficiency and larger on-road charging infrastructure is presented. Finally, important considerations, like the number of average running buses, scheduled stoppage time and on-board battery size, that make on-road charging an attractive option are explored. The cost break-up of various system components of the on-road charging scheme is estimated, and the final project cost and parameters are summarized. The specific cost of the wireless on-road charging system is found to be more expensive than the conventional

  17. Is Fuel-Switching a No-Regrets Environmental Policy? VAR Evidence on Carbon Dioxide Emissions, Energy Consumption and Economic Performance in Portugal

    OpenAIRE

    Alfredo M. Pereira; Rui Manuel Marvão Pereira

    2009-01-01

    The objective of this paper is to estimate the impact of carbon dioxide emissions from fossil fuel combustion activities on economic activity in Portugal in order to evaluate the economic costs of policies designed to reduce carbon dioxide emissions. We find that energy consumption has a significant impact on macroeconomic activity. In fact, a one ton of oil equivalent permanent reduction in aggregate energy consumption reduces output by €6,340 over the long term, an aggregate impact which hi...

  18. The economics of photovoltaic power generation

    International Nuclear Information System (INIS)

    Bradaric, M.; Davis, F.E.; Stolte, W.J.; McGowin, C.R.

    1992-01-01

    A study was conducted to project photovoltaic (PV) module characteristics for the 1995 timeframe, and conceptual designs and cost estimates were developed for four 50-MW PV plants. Design performances were modelled for the conditions at two sites in California and Florida. Hypothetical but realistic utilities were formulated for each site for the purpose of assessing the economics of the PV plants. The capacity value and production cost analysis were used in an overall economic assessment of the PV plant designs. Environmental externalities associated with the displacement of hydrocarbon fuels were taken into account. Other factors considered included the year of installation of the technology and the module production volume. Sites with the highest insolation were found to be able to support economically viable projects in the near future if investors can receive credit for project environmental benefits and overall PV demand can support a 25 MW/y production facility. Between 65% and 75% of the total benefits of the designs studied were associated with energy displacement, so future economics will be highly sensitive to future fossil fuel costs. Air quality benefits amounted to 18-25% of total project benefits and capacity benefits were 4-10%. 3 refs., 2 figs., 9 tabs

  19. The performance and economical analysis of grid-connected photovoltaic systems in Daegu, Korea

    International Nuclear Information System (INIS)

    Kim, Ju-Young; Jeon, Gyu-Yeob; Hong, Won-Hwa

    2009-01-01

    The distribution of the photovoltaic systems is faced with technological and economic problems, and the businesses and corporations feel burdened by the photovoltaic system's dubious economic value and high construction costs. Thus, not too many enterprises or private citizens have been participating in the business of installing photovoltaic systems. Moreover, because of lack of skills in integrating engineering and architectural design, they are experiencing difficulties even in using the technologies that have already been developed and available for application. To provide the basic information and specific data required for making the guidelines for developing photovoltaic technologies, this paper evaluates the system types, the actual state of operation, and performance of the two photovoltaic systems that are installed in Kiemyung University's Osan Building and Dongho Elementary School in Daegu Metropolitan City

  20. How to reconcile environmental and economic performance to improve corporate sustainability: corporate environmental strategies in the European paper industry.

    Science.gov (United States)

    Wagner, Marcus

    2005-07-01

    This paper discusses the relationship between environmental and economic performance and the influence of corporate strategies with regard to sustainability and the environment. After formulating a theoretical model, results are reported from an empirical analysis of the European paper manufacturing industry. New data are used to test hypotheses derived from the theoretical model, using environmental performance indices representing different corporate environmental strategy orientations. In particular, an emissions-based index largely reflecting end-of-pipe strategies and an inputs-based index reflecting integrated pollution prevention are distinguished. For the emissions-based index, a predominantly negative relationship between environmental and economic performance is found, whereas for the inputs-based index no significant link is found. This is consistent with the theoretical model, which predicts the possibility of different relationships. The results also show that for firms with pollution prevention-oriented corporate environmental strategies, the relationship between environmental and economic performance is more positive, thus making improvements in corporate sustainability more likely. Based on this last insight, managerial implications of this are discussed with regard to strategy choices, investment decisions and operations management.