WorldWideScience

Sample records for existing building stock

  1. Sustainability in the existing building stock

    DEFF Research Database (Denmark)

    Elle, Morten; Nielsen, Susanne Balslev; Hoffmann, Birgitte

    2005-01-01

    , QRWfacilities management’s most important contribution to sustainable development in the built environment. Space management is an essential tool in facilities management – and it could be considered a powerful tool in sustainable development; remembering that the building not being built is perhaps the most......This paper explores the role of Facilities Management in the relation to sustainable development in the existing building stock. Facilities management is a concept still developing as the management of buildings are becoming more and more professional. Many recognize today that facilities...... management is a concept relevant to others than large companies. Managing the flows of energy and other resources is a part of facilities management, and an increased professionalism could lead to the reduction of the use of energy and water and the generation of waste and wastewater. This is, however...

  2. Energy Efficiency in the North American Existing Building Stock

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-07-01

    This report presents the findings of a new assessment of the techno-economic and policy-related efficiency improvement potential in the North American building stock conducted as part of a wider appraisal of existing buildings in member states of the International Energy Agency. It summarizes results and provides insights into the lessons learned through a broader global review of best practice to improve the energy efficiency of existing buildings. At this time, the report is limited to the USA because of the large size of its buildings market. At a later date, a more complete review may include some details about policies and programs in Canada. If resources are available an additional comprehensive review of Canada and Mexico may be performed in the future.

  3. State of the stock-What do we know about existing buildings and their future prospects?

    International Nuclear Information System (INIS)

    Ravetz, Joe

    2008-01-01

    The UK building stock has seen major changes in the last 50 years, in its form, fabric and function. The context is the expansion of the building stock and built infrastructure, which takes place in most areas at 1-2% per year, with the implication that up to 75% of the dwellings of the year 2050 already exist now. This is a major challenge. The energy performance of much of this stock is generally low, while its economic, social and cultural values are often high. The purpose of this review is to provide a brief outline of the state of knowledge of the existing building stock, and of potential advances in that knowledge. We follow a knowledge mapping approach, set out on several axes. The first is an axis from buildings as physical forms, to buildings as containers of socio-economic activity. Another axis spans between existing buildings, renovations and adaptations, and new buildings. A third axis is that of scale, from building components to large-scale settlements. There are many possible combinations of these parameters. Here we focus on those that are most relevant to the SEMBE goals of sustainable energy management across the whole building stock

  4. Solar potential in existing urban layouts—Critical overview of the existing building stock in Slovenian context

    International Nuclear Information System (INIS)

    Košir, Mitja; Capeluto, Isaac Guedi; Krainer, Aleš; Kristl, Živa

    2014-01-01

    In recent years implementation of sustainable building design in the EU has become one of the key issues in reducing energy dependence. In this context efficient use of solar potential incident on building envelope is essential. The goal of the study is to evaluate the influence of interventions required by the new Slovenian legislation and to propose general site planning guidelines. Special emphasis is devoted to the existing building stock, which is due for refurbishment. The study is carried out on the basis of seven typical urban layouts, which are assessed according to the shape of layout, density, building orientation and design. The calculations are carried out with the program SHADING. The study showed that the existing layouts are not as problematic as had been expected and that form and orientation of buildings present a major challenge. Nevertheless, the quality and the duration of insolation are highly dependent on the specifics of each case. The study showed that by respecting the basic rules of good practice in conjunction with the existing requirements no major changes in the existing design principles are needed. - Highlights: • New Slovenian legislation regarding minimum insolation of building envelope. • Seven typical urban layouts were analysed. • Requirements and rules of good practice result in adequate insolation. • Duration of insolation is highly dependent on the specifics of each case

  5. Existing buildings

    DEFF Research Database (Denmark)

    Gram-Hanssen, Kirsten

    2014-01-01

    their homes. These policy measures include building regulations, energy tax and different types of incentives and information dissemination. The conclusion calls for new and innovative policy measures to cope with the realities of renovations of owner-occupied houses and how energy efficiency improvement...

  6. Danish building typologies and building stock analyses

    DEFF Research Database (Denmark)

    Wittchen, Kim Bjarne; Kragh, Jesper

    energy savings in residential buildings. The intension with this analysis was to investigate the possible energy reduction in Denmark if the same approach had been taken for the entire Danish building stock. The report concludes that the ZeroHome initiative clearly results in energy savings, but far from...... enough to meet the government’s plan to make Danish buildings free from use of fossil fuels by 2035. This will probably require around 50 % energy savings in the Danish building stock as a whole. However, the project has proven that dedicated engagement of locals can speed up market penetration...... for energy savings in the existing Building stock....

  7. Mobilization for energy renovation. Innovative tools for the uptake of deep renovation of the existing building stock based on behavioural insights

    OpenAIRE

    Taranu, Victoria; Verbeeck, Griet

    2015-01-01

    Mobilization for energy renovation. Innovative tools for the uptake of deep renovation of the existing building stock based on behavioural insights. In the context of climate change it is a priority to reduce the energy demand and make a shift towards renewable sources of energy. In Flanders almost half of the existing residential building stock was built before 1970 with low levels of insulation and inefficient installations. The vast majority of Fle...

  8. Transforming the existing building stock to high performed energy efficient and experienced architecture

    DEFF Research Database (Denmark)

    Vestergaard, Inge

    The project Sustainable Renovation examines the challenge of the current and future architectural renovation of Danish suburbs which were designed in the period from 1945 to 1973. The research project takes its starting point in the perspectives of energy optimization and the fact that the building...

  9. Use of building typologies for energy performance assessment of national building stocks. Existent experiences in European Countries and common approach. First TABULA synthesis report

    Energy Technology Data Exchange (ETDEWEB)

    Loga, Tobias; Diefenbach, Nikolaus (eds.)

    2010-06-15

    The present study examines the experiences with building typologies in the European countries. The objective is to learn how to structure the variety of energy-related features of existing build-ings. As a result of the enquiry it can be stated that there are a lot of different activities which are based on typological criteria. Some of them are concentrating on providing information material and conducting energy advice. On the other hand, building types are used for a better understand-ing of the energy performance of building portfolios on different levels: from the strategic planning of housing companies up to the evaluation of national policies and measures in the building sector. On the basis of these experiences a common approach for building typologies has been devel-oped. The core elements of this harmonised approach are a classification systematic, a structure for building and supply system data and a coherent energy balance method. Furthermore a uni-form classification of statistical data enables a concerted approach for designing national building stock models. Finally, a concise itinerary is described which allows experts to develop step by step a national or regional building typology which are compatible with the common TABULA approach. (orig.)

  10. Transforming the existing building stock to high performed energy efficient and experienced architecture

    DEFF Research Database (Denmark)

    Vestergaard, Inge

    architectural heritage to energy efficiency and from architectural quality to sustainability. The first, second and third renovations are discussed from financial and sustainable view points. The role of housing related to the public energy supply system and the relation between the levels of renovation......The project Sustainable Renovation examines the challenge of the current and future architectural renovation of Danish suburbs which were designed in the period from 1945 to 1973. The research project takes its starting point in the perspectives of energy optimization and the fact that the building...

  11. Requirements for existing buildings

    DEFF Research Database (Denmark)

    Thomsen, Kirsten Engelund; Wittchen, Kim Bjarne

    This report collects energy performance requirements for existing buildings in European member states by June 2012.......This report collects energy performance requirements for existing buildings in European member states by June 2012....

  12. Greening Existing Tribal Buildings

    Science.gov (United States)

    Guidance about improving sustainability in existing tribal casinos and manufactured homes. Many steps can be taken to make existing buildings greener and healthier. They may also reduce utility and medical costs.

  13. Energy savings in Danish residential building stock

    DEFF Research Database (Denmark)

    Tommerup, Henrik M.; Svendsen, Svend

    2006-01-01

    a short account of the technical energy-saving possibilities that are present in existing dwellings and presents a financial methodology used for assessing energy-saving measures. In order to estimate the total savings potential detailed calculations have been performed in a case with two typical...... buildings representing the residential building stock and based on these calculations an assessment of the energy-saving potential is performed. A profitable savings potential of energy used for space heating of about 80% is identified over 45 years (until 2050) within the residential building stock......A large potential for energy savings exists in the Danish residential building stock due to the fact that 75% of the buildings were constructed before 1979 when the first important demands for energy performance of building were introduced. It is also a fact that many buildings in Denmark face...

  14. Altering existing buildings in the UK

    International Nuclear Information System (INIS)

    Roberts, Simon

    2008-01-01

    The profiles of both existing housing and existing public and commercial buildings show that many have very poor thermal efficiency. The UK housing stock is replaced at a low rate of about 1% a year, so to cut energy use it is essential to address the challenges of existing buildings. This will involve reducing energy demand through passive measures such as retrofitted insulation, replacement of windows and proper airtightness, while ensuring adequate ventilation. Active measures include upgrading improved boilers and adding locally produced energy from wind, biomass, solar power and other sources. The introduction of Display Energy Certificates will increase energy awareness but there will also need to be a programme of increased demolition for the worst-performing homes. In addition, buildings will need to be adapted to cope with worse weather, higher temperatures and increased flood risk as climate change takes effect. Overheating, rather than excessive cold, is set to become a growing problem for householders and employees in existing UK buildings

  15. Energy savings in the Danish building stock until 2050

    DEFF Research Database (Denmark)

    Wittchen, Kim Bjarne; Kragh, Jesper

    2014-01-01

    are energy upgraded according to the requirements stipulated in the Danish Building Regulations 2010. Furthermore, scenario analyses was made for the potential impact on the energy consumption of introducing different levels of tightening of the energy requirements for existing buildings in the Danish...... Building Regulations. Compliance with the requirements in the Danish Building Regulations will potentially result in energy savings for space heating and domestic hot water around 30 % until 2050. Further tightening of the component insulation level requirements will only result in marginally higher......A study has been conducted analysing the energy savings for space heating and domestic hot water in the Danish building stock due to renovation of building components at the end of their service life. The purpose of the study was to estimate the energy savings until 2050 as building components...

  16. Energy and architecture: improvement of energy performance in existing buildings

    Energy Technology Data Exchange (ETDEWEB)

    Haase, Matthias; Wycmans, Annemie; Solbraa, Anne; Grytli, Eir

    2011-07-01

    This book aims to give an overview of different aspects of retrofitting existing buildings. The target group is students of architecture and building engineering as well as building professionals. Eight out of ten buildings which we will inhabit in 2050 already exist. This means that a great potential for reducing our carbon footprint lies in the existing building stock. Students from NTNU have used the renovation of a 1950s school building at Linesoeya in Soer-Trondelag as a case to increase their awareness and knowledge about the challenges building professionals need to overcome to unite technical details and high user quality into good environmental performance. The students were invited by the building owners and initiators of LIPA Eco Project to contribute to its development: By retrofitting an existing building to passive house standards and combining this with energy generated on site, LIPA Eco Project aims to provide a hands-on example with regard to energy efficiency, architectural design and craftsmanship for a low carbon society. The overall goal for this project is to raise awareness regarding resource efficiency measures in architecture and particularly in existing building mass.(au)

  17. The application, benefits and challenges of retrofitting the existing buildings

    Science.gov (United States)

    Khairi, Muhammad; Jaapar, Aini; Yahya, Zaharah

    2017-11-01

    Sustainable development has been the main topic of debate for years in some countries such as United Kingdom, United State of America and Malaysia. Depletion of natural resources, global warming, economics uncertainty and health issues are some of the reasons behind sustainable development movements, it is not just a political debate in the parliament but more towards collective works among sectors in order to minimizing the negative impact of development to the environment and other living organism. Retrofit an existing building is one of the solutions to reduce the dependency on constructing new buildings. There are huge numbers of existing building stocks that suitable to be retrofitted such as historical buildings, offices, residential, warehouse, factories, vacant buildings and other historical buildings. Therefore, the aim of this research is to provide information on the application, benefits and challenges of retrofitting an existing building. Two buildings were chosen as case studies following by site visits and observation to the buildings. The data were then compared in a table form. Primary and secondary sources were also used for this research. The application of retrofit should be promoted across the construction and conservation industries since it has significant tangible and intangible benefits. It is one of the most environmentally friendly and efficient solutions to optimize the energy performance and could also helps to extend the life of the existing building or historical buildings while ensuring optimum thermal comfort for the occupants which leads to higher productivity.

  18. Residential building stocks and flows as dynamic systems: Chilean dwelling stock and energy modeling, including earthquakes.

    OpenAIRE

    Gallardo, Carla

    2012-01-01

    The building sector comprises a very important part of each country s economy, playing an important role in the consumption of resources and energy. In practice there is little knowledge on how the building stock develops. It is useful then to understand the dynamics and the metabolism of the built environment. Research on building stocks, predominantly on the residential sector, has been performed mainly for developed countries. There is little or none research on building stock for developi...

  19. Assessment and Rehabilitation Issues Concerning Existing 70’s Structural Stock

    Science.gov (United States)

    Sabareanu, E.

    2017-06-01

    The last 30 years were very demanding in terms of norms and standards change concerning the structural calculus for buildings, leaving a large stock of structures erected during 70-90 decades in a weak position concerning seismic loads and loads level for live loads, wind and snow. In the same time, taking into account that a large amount of buildings are in service all over the country, they cannot be demolished, but suitable rehabilitation methods should be proposed, structural durability being achieved. The paper proposes some rehabilitation methods suitable in terms of structural safety and cost optimization for diaphragm reinforced concrete structures, with an example on an existing multi storey building.

  20. Assessment of current Dutch energy transition policy instruments for the existing housing stock

    International Nuclear Information System (INIS)

    Tambach, Milly; Hasselaar, Evert; Itard, Laure

    2010-01-01

    This research assesses to what extent current Dutch energy transition policy instruments for the existing housing stock can fulfil local executive actors' needs and instigate adoption of energy efficiency measures by them. This is done by studying energy policy instruments for the existing housing stock in the Netherlands and in other European countries, and by an empirical research, which analyses barriers and needs of local executive actors. We found that, despite current Dutch energy transition policy instruments for the existing housing stock seem to fulfil local executive actors' needs to a large extent, complementary policy instruments are needed to stimulate and pressure the incumbent renovation regime. A long-term oriented financial rewarding system is needed to build up a structural market for the deployment of renewables, to increase the number of specialist jobs in the building sector, and to stimulate the development of integrated, standardized, building components. Furthermore, a long-term oriented financial rewarding system for energy efficiency investments in housing renovation projects, and a low VAT rate applied to energy efficient renovation measures, are needed. Finally, enforcement possibilities and sanctions (fines) should become an integrative part of Dutch energy certification regulation to make the certificate become part of a value chain.

  1. Stakeholder Specific Multi-Scale Spatial Representation of Urban Building-Stocks

    Directory of Open Access Journals (Sweden)

    Magnus Österbring

    2018-05-01

    Full Text Available Urban building-stocks use a significant amount of resources and energy. At the same time, they have a large potential for energy efficiency measures (EEM. To support decision-making and planning, spatial building-stock models are used to examine the current state and future development of urban building-stocks. While these models normally focus on specific cities, generic and broad stakeholder groups such as planners and policy makers are often targeted. Consequently, the visualization and communication of results are not tailored to these stakeholders. The aim of this paper is to explore the possibilities of mapping and representing energy use of urban building-stocks at different levels of aggregation and spatial distributions, to communicate with specific stakeholders involved in the urban development process. This paper uses a differentiated building-stock description based on building-specific data and measured energy use from energy performance certificates for multi-family buildings (MFB in the city of Gothenburg. The building-stock description treats every building as unique, allowing results to be provided at any level of aggregation to suit the needs of the specific stakeholders involved. Calculated energy use of the existing stock is within 10% of the measured energy use. The potential for EEM in the existing stock is negated by the increased energy use due to new construction until 2035, using a development scenario based on current renovation rates and planned developments. Visualizations of the current energy use of the stock as well as the impact of renovation and new construction are provided, targeting specific local stakeholders.

  2. Flexible building stock modelling with array-programming

    DEFF Research Database (Denmark)

    Brøgger, Morten; Wittchen, Kim Bjarne

    2017-01-01

    Many building stock models employ archetype-buildings in order to capture the essential characteristics of a diverse building stock. However, these models often require multiple archetypes, which make them inflexible. This paper proposes an array-programming based model, which calculates the heat...... tend to overestimate potential energy-savings, if we do not consider these discrepancies. The proposed model makes it possible to compute and visualize potential energy-savings in a flexible and transparent way....

  3. Modelling energy demand in the Norwegian building stock

    Energy Technology Data Exchange (ETDEWEB)

    Sartori, Igor

    2008-07-15

    Energy demand in the building stock in Norway represents about 40% of the final energy consumption, of which 22% goes to the residential sector and 18% to the service sector. In Norway there is a strong dependency on electricity for heating purposes, with electricity covering about 80% of the energy demand in buildings. The building sector can play an important role in the achievement of a more sustainable energy system. The work performed in the articles presented in this thesis investigates various aspects related to the energy demand in the building sector, both in singular cases and in the stock as a whole. The work performed in the first part of this thesis on development and survey of case studies provided background knowledge that was then used in the second part, on modelling the entire stock. In the first part, a literature survey of case studies showed that, in a life cycle perspective, the energy used in the operating phase of buildings is the single most important factor. Design of low-energy buildings is then beneficial and should be pursued, even though it implies a somewhat higher embodied energy. A case study was performed on a school building. First, a methodology using a Monte Carlo method in the calibration process was explored. Then, the calibrated model of the school was used to investigate measures for the achievement of high energy efficiency standard through renovation work. In the second part, a model was developed to study the energy demand in a scenario analysis. The results showed the robustness of policies that included conservation measures against the conflicting effects of the other policies. Adopting conservation measures on a large scale showed the potential to reduce both electricity and total energy demand from present day levels while the building stock keeps growing. The results also highlighted the inertia to change of the building stock, due to low activity levels compared to the stock size. It also became clear that a deeper

  4. Energy consumptions in existing buildings; Les consommations d'energie des batiments existants

    Energy Technology Data Exchange (ETDEWEB)

    Nuss, St. [Ecole Nationale Superieure des Arts et Industries de Strasbourg, 78 - Saint-Remy-Les-Chevreuse (France)]|[Costic, 78 - Sainte Remy les Chevreuses (France)

    2002-05-01

    This document presents a sectoral analysis of the energy consumptions in existing French buildings: 1) - residential sector: social buildings, private dwellings; 2) - tertiary sector: office buildings, hotels, commercial buildings, school buildings, hospitals; 3) - industry; 4) - general status. (J.S.)

  5. Use of reference buildings to assess the energy saving potentials of the residential building stock: The experience of TABULA project

    International Nuclear Information System (INIS)

    Ballarini, Ilaria; Corgnati, Stefano Paolo; Corrado, Vincenzo

    2014-01-01

    Retrofit actions applied to the existent building stock aim at increasing the energy performance, considering the optimal trade-off between energy savings and costs, according to the Directive 2010/31/EU. To select effective refurbishment measures and to quantify the energy saving potentials of the existent building stock, the analysis should be performed on “reference buildings”. This article presents a methodology for the identification of reference buildings, according to the IEE-TABULA project (2009–12) aimed at creating a harmonised structure for “European Building Typologies”. Among the possible applications of the building typology, this work focuses on the potentialities of energy savings and CO 2 emission reductions for the European residential building stock. In particular, the Italian approach to model the energy balance of a subset of the national building stock is described; the results show the enormous potentialities of energy savings even with basic energy retrofit actions. Cost analyses were not in the scope of the project, but the results of this study are the basis for further investigations aimed at assessing the cost effectiveness of sets of measures. In this regard, the TABULA building-types are being applied by the Italian government for calculating cost-optimal levels of energy performance, complying with the Directive 2010/31/EU objectives. - Highlights: • European building stocks need retrofit actions to improve the energy performance. • Necessity to define “reference buildings” in order to perform cost-optimal analyses. • Definition of a National “Building Typology” according to IEE-TABULA project. • Methodology to identify reference buildings for assessing energy saving potentials

  6. ResStock Analysis Tool | Buildings | NREL

    Science.gov (United States)

    Energy and Cost Savings for U.S. Homes Contact Eric Wilson to learn how ResStock can benefit your approach to large-scale residential energy analysis by combining: Large public and private data sources uncovered $49 billion in potential annual utility bill savings through cost-effective energy efficiency

  7. Renewable Energy Applications for Existing Buildings: Preprint

    Energy Technology Data Exchange (ETDEWEB)

    Hayter, S. J.; Kandt, A.

    2011-08-01

    This paper introduces technical opportunities, means, and methods for incorporating renewable energy (RE) technologies into building designs and operations. It provides an overview of RE resources and available technologies used successfully to offset building electrical and thermal energy loads. Methods for applying these technologies in buildings and the role of building energy efficiency in successful RE projects are addressed along with tips for implementing successful RE projects.

  8. LANL seismic screening method for existing buildings

    International Nuclear Information System (INIS)

    Dickson, S.L.; Feller, K.C.; Fritz de la Orta, G.O.

    1997-01-01

    The purpose of the Los Alamos National Laboratory (LANL) Seismic Screening Method is to provide a comprehensive, rational, and inexpensive method for evaluating the relative seismic integrity of a large building inventory using substantial life-safety as the minimum goal. The substantial life-safety goal is deemed to be satisfied if the extent of structural damage or nonstructural component damage does not pose a significant risk to human life. The screening is limited to Performance Category (PC) -0, -1, and -2 buildings and structures. Because of their higher performance objectives, PC-3 and PC-4 buildings automatically fail the LANL Seismic Screening Method and will be subject to a more detailed seismic analysis. The Laboratory has also designated that PC-0, PC-1, and PC-2 unreinforced masonry bearing wall and masonry infill shear wall buildings fail the LANL Seismic Screening Method because of their historically poor seismic performance or complex behavior. These building types are also recommended for a more detailed seismic analysis. The results of the LANL Seismic Screening Method are expressed in terms of separate scores for potential configuration or physical hazards (Phase One) and calculated capacity/demand ratios (Phase Two). This two-phase method allows the user to quickly identify buildings that have adequate seismic characteristics and structural capacity and screen them out from further evaluation. The resulting scores also provide a ranking of those buildings found to be inadequate. Thus, buildings not passing the screening can be rationally prioritized for further evaluation. For the purpose of complying with Executive Order 12941, the buildings failing the LANL Seismic Screening Method are deemed to have seismic deficiencies, and cost estimates for mitigation must be prepared. Mitigation techniques and cost-estimate guidelines are not included in the LANL Seismic Screening Method

  9. U.S. Department of Energy Commercial Reference Building Models of the National Building Stock

    Energy Technology Data Exchange (ETDEWEB)

    Deru, M.; Field, K.; Studer, D.; Benne, K.; Griffith, B.; Torcellini, P.; Liu, B.; Halverson, M.; Winiarski, D.; Rosenberg, M.; Yazdanian, M.; Huang, J.; Crawley, D.

    2011-02-01

    The U.S. Department of Energy (DOE) Building Technologies Program has set the aggressive goal of producing marketable net-zero energy buildings by 2025. This goal will require collaboration between the DOE laboratories and the building industry. We developed standard or reference energy models for the most common commercial buildings to serve as starting points for energy efficiency research. These models represent fairly realistic buildings and typical construction practices. Fifteen commercial building types and one multifamily residential building were determined by consensus between DOE, the National Renewable Energy Laboratory, Pacific Northwest National Laboratory, and Lawrence Berkeley National Laboratory, and represent approximately two-thirds of the commercial building stock.

  10. An analysis on energy efficiency initiatives in the building stock of Liege, Belgium

    International Nuclear Information System (INIS)

    Singh, Manoj Kumar; Mahapatra, Sadhan; Teller, Jacques

    2013-01-01

    Built environment is responsible for 60% of total energy consumption in European countries and 128 million BOE of primary energy in Belgium. The average energy consumption in the residential buildings of Belgium is 70% higher than the EU average and stands at 348 kW h/m 2 /year. Energy Performance Building Directive (EPBD) provides guidelines for energy performance analysis of buildings in Belgium. In this study, a holistic approach has been adopted to analyse the building stock of Liege, Belgium. This analysis is based on ‘General Socio-economic survey 2001’ and ‘Housing quality survey 2006 in Walloon region’ databases. It considers parameters such as buildings age, built-up area, type of heating system, type of fuel used, adjacency, insulation of roofs and walls and energy consumption etc. for an in depth analysis. This study concludes that about 69% of buildings which are constructed before 1945 needs serious renovation towards the improvement of roof and external wall insulation level. It then successfully identifies specific areas which need detailed study to evaluate the comfort status in the existing building stock, improvement of insulation level and its effect on heating energy consumption as well as the economic analysis on energy efficiency measurements. -- Highlights: •Energy efficiency studies of building stock of Liege, Belgium. •Energy Performance Building Directive is used as reference for analysis. •Buildings age, built-up area and energy consumption data are used for analysis. •Identifies the areas to improve energy efficiency of building stock

  11. A Practical Guide for Commissioning Existing Buildings

    Energy Technology Data Exchange (ETDEWEB)

    Haasl, T.

    1999-05-11

    Although this guide focuses on the retrocommissioning process and its advantages, all three types of commissioning--retrocommissioning, commissioning, and recommissioning--play an equally important role in ensuring that buildings perform efficiently and provide comfortable, safe, and productive work environments for owners and occupants. For new construction and retrofit projects, commissioning should be incorporated early, during design, and last throughout the length of the project. For buildings that were never commissioned, the retrocommissioning process can yield a wealth of cost-saving opportunities while enhancing a building's environment. Finally, once a building is commissioned or retrocommissioned, incorporating recommissioning into the organization's O and M program (by periodically reapplying the original diagnostic testing and checklist procedures) helps ensure that cost savings and other benefits gained from the original process persist over time.

  12. A Practical Guide for Commissioning Existing Buildings

    Energy Technology Data Exchange (ETDEWEB)

    Haasl, T.; Sharp, T.

    1999-04-01

    Although this guide focuses on the retrocommissioning process and its advantages, all three types of commissioning--retrocommissioning, commissioning, and recommissioning--play an equally important role in ensuring that buildings perform efficiently and provide comfortable, safe, and productive work environments for owners and occupants. For new construction and retrofit projects, commissioning should be incorporated early, during design, and last throughout the length of the project. For buildings that were never commissioned, the retrocommissioning process can yield a wealth of cost-saving opportunities while enhancing a building's environment. Finally, once a building is commissioned or retrocommissioned, incorporating recommissioning into the organization's O and M program (by periodically reapplying the original diagnostic testing and checklist procedures) helps ensure that cost savings and other benefits gained from the original process persist over time.

  13. Towards a Very Low Energy Building Stock: Modeling the U.S. Commercial Building Sector to Support Policy and Innovation Planning

    Energy Technology Data Exchange (ETDEWEB)

    Coffey, Brian; Borgeson, Sam; Selkowitz, Stephen; Apte, Josh; Mathew, Paul; Haves, Philip

    2009-07-01

    This paper describes the origin, structure and continuing development of a model of time varying energy consumption in the US commercial building stock. The model is based on a flexible structure that disaggregates the stock into various categories (e.g. by building type, climate, vintage and life-cycle stage) and assigns attributes to each of these (e.g. floor area and energy use intensity by fuel type and end use), based on historical data and user-defined scenarios for future projections. In addition to supporting the interactive exploration of building stock dynamics, the model has been used to study the likely outcomes of specific policy and innovation scenarios targeting very low future energy consumption in the building stock. Model use has highlighted the scale of the challenge of meeting targets stated by various government and professional bodies, and the importance of considering both new construction and existing buildings.

  14. The quest for sustainability in existing buildings

    DEFF Research Database (Denmark)

    Nielsen, Susanne Balslev; Michaelsen, Lisbet; Jensen, Per Anker

    2014-01-01

    to sustainability at societal level. Due to lack of professional skills, decisions about operation and renovation of buildings are made every day in Denmark and beyond, without adequate knowledge about e.g. energy management and the potential ways of integrating sustainability (social, environmental and economic...

  15. Existing School Buildings: Incremental Seismic Retrofit Opportunities.

    Science.gov (United States)

    Federal Emergency Management Agency, Washington, DC.

    The intent of this document is to provide technical guidance to school district facility managers for linking specific incremental seismic retrofit opportunities to specific maintenance and capital improvement projects. The linkages are based on logical affinities, such as technical fit, location of the work within the building, cost saving…

  16. Life cycle assessment: Existing building retrofit versus replacement

    Science.gov (United States)

    Darabi, Nura

    The embodied energy in building materials constitutes a large part of the total energy required for any building (Thormark 2001, 429). In working to make buildings more energy efficient this needs to be considered. Integrating considerations about life cycle assessment for buildings and materials is one promising way to reduce the amount of energy consumption being used within the building sector and the environmental impacts associated with that energy. A life cycle assessment (LCA) model can be utilized to help evaluate the embodied energy in building materials in comparison to the buildings operational energy. This thesis takes into consideration the potential life cycle reductions in energy and CO2 emissions that can be made through an energy retrofit of an existing building verses demolition and replacement with a new energy efficient building. A 95,000 square foot institutional building built in the 1960`s was used as a case study for a building LCA, along with a calibrated energy model of the existing building created as part of a previous Masters of Building Science thesis. The chosen case study building was compared to 10 possible improvement options of either energy retrofit or replacement of the existing building with a higher energy performing building in order to see the life cycle relationship between embodied energy, operational energy, and C02 emissions. As a result of completing the LCA, it is shown under which scenarios building retrofit saves more energy over the lifespan of the building than replacement with new construction. It was calculated that energy retrofit of the chosen existing institutional building would reduce the amount of energy and C02 emissions associated with that building over its life span.

  17. Modeling Aggregate Hourly Energy Consumption in a Regional Building Stock

    Directory of Open Access Journals (Sweden)

    Anna Kipping

    2017-12-01

    Full Text Available Sound estimates of future heat and electricity demand with high temporal and spatial resolution are needed for energy system planning, grid design, and evaluating demand-side management options and polices on regional and national levels. In this study, smart meter data on electricity consumption in buildings are combined with cross-sectional building information to model hourly electricity consumption within the household and service sectors on a regional basis in Norway. The same modeling approach is applied to model aggregate hourly district heat consumption in three different consumer groups located in Oslo. A comparison of modeled and metered hourly energy consumption shows that hourly variations and aggregate consumption per county and year are reproduced well by the models. However, for some smaller regions, modeled annual electricity consumption is over- or underestimated by more than 20%. Our results indicate that the presented method is useful for modeling the current and future hourly energy consumption of a regional building stock, but that larger and more detailed training datasets are required to improve the models, and more detailed building stock statistics on regional level are needed to generate useful estimates on aggregate regional energy consumption.

  18. Seismic performance of existing R.C. framed buildings

    Directory of Open Access Journals (Sweden)

    Sameh A. El-Betar

    2017-08-01

    Full Text Available The earthquakes disasters basically occur due to buildings damage not because of the earth shaking. Therefore, the countries have being updated the seismic codes. The seismic loads for buildings design in Egyptian Code have been changed from (EC-1994 to (ECP-201, 2012. On the other hand, the need is raised to study the vulnerability of existing buildings, which can be divided into the buildings designed to resist the gravity loads only (GLD and the buildings designed according to Egyptian code (EC-1994. Comparison between forces due to Egyptian code for loads (EC-1994 and (ECP-201, 2012 is carried out on the multi-stories R.C. framed buildings which are the most common type of existing buildings in Egypt. To investigate the vulnerability of existing buildings, nonlinear static pushover analysis is conducted to evaluate the real strength of the existing buildings. Moreover, it is considered a useful and effective tool for the performance of three framed buildings: 3, 6 and 10 stories due to expected future earthquakes. Finally, it is found that the vulnerability of existing GLD buildings occurs at expected ground accelerations (ag greater than 0.125 g in Egyptian seismic map, while the EC-94 designed buildings behave elastically up to (ag equals to 0.2 g and above that a slight damage may occur.

  19. Stone material investigations of the Riga Stock Exchange building

    Science.gov (United States)

    Igaune-Blumberga, S.; Vitina, I.; Lindina, L.; Timma, I.; Barbane, I.

    2011-12-01

    This paper deals with the stone material investigation of former Riga Stock Exchange building and presents the following aspects: characterization of materials, analyses of mortars for sealing and cladding of artificial marble, decors, bricks, render of sealing, analyses of soluble salts, analyses of deteriorated granite surface of foundation. The last damage by fire was in 1979 which caused the collapse of the roof and consequently an infiltration of rain water. The conditions of the objects were found in very bad condition-deterioration represented by salt efflorescence's, cracking and in very large areas there was a complete loss of the artificial marble (stucco marble).

  20. Stone material investigations of the Riga Stock Exchange building

    International Nuclear Information System (INIS)

    Igaune-Blumberga, S; Vitina, I; Lindina, L; Timma, I; Barbane, I

    2011-01-01

    This paper deals with the stone material investigation of former Riga Stock Exchange building and presents the following aspects: characterization of materials, analyses of mortars for sealing and cladding of artificial marble, decors, bricks, render of sealing, analyses of soluble salts, analyses of deteriorated granite surface of foundation. The last damage by fire was in 1979 which caused the collapse of the roof and consequently an infiltration of rain water. The conditions of the objects were found in very bad condition-deterioration represented by salt efflorescence's, cracking and in very large areas there was a complete loss of the artificial marble (stucco marble).

  1. Selecting Energy Efficient Building Envelope Retrofits to Existing Department of Defense Building Using Value Focused Thinking

    National Research Council Canada - National Science Library

    Pratt, David M

    2006-01-01

    ... these facilities that have the greatest potential for energy efficient building envelope retrofits. There are hundreds of various new building envelope technologies available to retrofit an existing building envelope, including window, roof, and wall technologies...

  2. A methodology for energy performance classification of residential building stock of Hamirpur

    Directory of Open Access Journals (Sweden)

    Aniket Sharma

    2017-12-01

    Full Text Available In India, there are various codes, standards, guidelines and rating systems launched to make energy intensive and large sized buildings energy efficient whereas independent residential buildings are not covered even though they exist most in numbers of total housing stock. This paper presents a case study methodology for energy performance assessment of existing residential stock of Hamirpur that can be used to develop suitable energy efficiency regulations. The paper discusses the trend of residential development in Hamirpur followed by classification based on usage, condition, predominant material use, ownership size and number of rooms, source of lighting, assets available, number of storey and plot sizes using primary and secondary data. It results in identification of predominant materials used and other characteristics in each of urban and rural area. Further cradle to site embodied energy index of various dominant building materials and their market available alternative materials is calculated from secondary literature and by calculating transportation energy. One representative existing building is selected in each of urban and rural area and their energy performance is evaluated for material embodied energy and operational energy using simulation. Further alternatives are developed based on other dominant materials in each area and evaluated for change in embodied and operational energy. This paper identifies the energy performance of representative houses for both areas and in no way advocates the preference of one type over another. The paper demonstrates a methodology by which energy performance assessment of houses shall be done and also highlights further research.

  3. Greening Existing Buildings in Contemporary Iraqi Urban Reality/ Virtual Model

    Directory of Open Access Journals (Sweden)

    Saba Jabar Neama Al-Khafaji

    2015-11-01

    Full Text Available The approach of greening existing buildings, is an urgent necessity, because the greening operation provides the speed and optimal efficiency in the environmental performance, as well as keeping up with the global green architecture revolution. Therefore, greening existing buildings in Iraq is important for trends towards renewable energies, because of what the country went through economic conditions and crises and wars which kept the country away from what took place globally in this issue. The research problem is: insufficient knowledge about the importance and the mechanism of the greening of existing buildings, including its environmental and economic dimensions, by rationalization of energy consumption and preserving the environment. The research objective is: clarifying the importance of greening existing buildings environmentally and economically, providing a virtual experience for greening the presidency building of Baghdad University, through advanced computer program. The main conclusions is: there is difference representing by reducing the disbursed thermal loads amount for cooling in summer and heating in winter through the use of computerized program (DesignBuilder and that after the implementation of greening operations on the building envelope, which confirms its effectiveness in raising the energy performance efficiency inside the building. Hence, the importance of the application of greening existing buildings approach in Iraq, to bring back Iraqi architecture to environmental and local track proper.

  4. Hawaii Clean Energy Initiative Existing Building Energy Efficiency Analysis: November 17, 2009 - June 30, 2010

    Energy Technology Data Exchange (ETDEWEB)

    Finch, P.; Potes, A.

    2010-06-01

    In June 2009, the State of Hawaii enacted an Energy Efficiency Portfolio Standard (EEPS) with a target of 4,300 gigawatt hours (GWh) by 2030 (Hawaii 2009). Upon setting this goal, the Hawaii Clean Energy Initiative, Booz Allen Hamilton (BAH), and the National Renewable Energy Laboratory (NREL), working with select local stakeholders, partnered to execute the first key step toward attaining the EEPS goal: the creation of a high-resolution roadmap outlining key areas of potential electricity savings. This roadmap was divided into two core elements: savings from new construction and savings from existing buildings. BAH focused primarily on the existing building analysis, while NREL focused on new construction forecasting. This report presents the results of the Booz Allen Hamilton study on the existing building stock of Hawaii, along with conclusions on the key drivers of potential energy efficiency savings and on the steps necessary to attain them.

  5. A District Approach to Building Renovation for the Integral Energy Redevelopment of Existing Residential Areas

    Directory of Open Access Journals (Sweden)

    Mira Conci

    2017-05-01

    Full Text Available Building energy renovation quotas are not currently being met due to unfavorable conditions such as complex building regulations, limited investment incentives, historical preservation priorities, and technical limitations. The traditional strategy has been to incrementally lower the energy consumption of the building stock, instead of raising the efficiency of the energy supply through a broader use of renewable sources. This strategy requires an integral redefinition of the approach to energy building renovations. The joint project SWIVT elaborates on a district redevelopment strategy that combines a reduction in the energy demand of existing buildings and their physical interconnection within a local micro-grid and heating network. The district is equipped with energy generation and distribution technologies as well as hybrid thermal and electrical energy storage systems, steered by an optimizing energy management controller. This strategy is explored through three scenarios designed for an existing residential area in Darmstadt, Germany, and benchmarked against measured data. Presented findings show that a total primary energy balance at least 30% lower than that of a standard building renovation can be achieved by a cluster of buildings with different thermal qualities and connected energy generation, conversion, and storage systems, with only minimal physical intervention to existing buildings.

  6. Optimizing Existing Multistory Building Designs towards Net-Zero Energy

    Directory of Open Access Journals (Sweden)

    Mohammad Y. AbuGrain

    2017-03-01

    Full Text Available Recent global developments in awareness and concerns about environmental problems have led to reconsidering built environment approaches and construction techniques. One of the alternatives is the principle of low/zero-energy buildings. This study investigates the potentials of energy savings in an existing multi-story building in the Mediterranean region in order to achieve net-zero energy as a solution to increasing fossil fuel prices. The Colored building at the Faculty of Architecture, Eastern Mediterranean University, Cyprus was chosen as a target of this study to be investigated and analyzed in order to know how energy efficiency strategies could be applied to the building to reduce annual energy consumption. Since this research objective is to develop a strategy to achieve net-zero energy in existing buildings, case study and problem solving methodologies were applied in this research in order to evaluate the building design in a qualitative manner through observations, in addition to a quantitative method through an energy modeling simulation to achieve desirable results which address the problems. After optimizing the building energy performance, an alternative energy simulation was made of the building in order to make an energy comparison analysis, which leads to reliable conclusions. These methodologies and the strategies used in this research can be applied to similar buildings in order to achieve net-zero energy goals.

  7. A strategic approach for existing buildings to withstand climate change

    DEFF Research Database (Denmark)

    Rasmussen, Torben Valdbjørn

    2012-01-01

    Buildings play a vital economic and social role in society and are vulnerable to climate change. This paper suggests a strategic approach for existing buildings to withstand climate change. It emphasises the most likely climate impacts, including the change in mean year values as well as the exte...... based on the results of a vulnerability analysis. In addition, this paper describes some issues that must be addressed in case a strategic approach is not developed, as the building sector is continuously investing in measures to adapt to climate change.......Buildings play a vital economic and social role in society and are vulnerable to climate change. This paper suggests a strategic approach for existing buildings to withstand climate change. It emphasises the most likely climate impacts, including the change in mean year values as well as the extent......, the uncertainty of the scenarios leaves major challenges that will grow far more serious, if not addressed and taken into account in building design and into a strategy for the adaptation of existing buildings. An outline of the actions needed for developing a broad strategic approach to the adaptation to climate...

  8. Spatial–Temporal Analysis of the Heat and Electricity Demand of the Swiss Building Stock

    Directory of Open Access Journals (Sweden)

    Stefan Schneider

    2017-08-01

    Full Text Available In 2015, space heating and domestic hot water production accounted for around 40% of the Swiss final energy consumption. Reaching the goals of the 2050 energy strategy will require significantly reducing this share despite the growing building stock. Renewables are numerous but subject to spatial–temporal constraints. Territorial planning of energy distribution systems enabling the integration of renewables requires having a spatial–temporal characterization of the energy demand. This paper presents two bottom-up statistical extrapolation models for the estimation of the geo-dependent heat and electricity demand of the Swiss building stock. The heat demand is estimated by means of a statistical bottom-up model applied at the building level. At the municipality level, the electricity load curve is estimated by combining socio-economic indicators with average consumption per activity and/or electric device. This approach also allows to break down the estimated electricity demand according to activity type (e.g., households, various industry, and service activities and appliance type (e.g., lighting, motor force, fridges. The total estimated aggregated demand is 94 TWh for heat and 58 TWh for electricity, which represent a deviation of 2.9 and 0.5%, respectively compared to the national energy consumption statistics. In addition, comparisons between estimated and measured electric load curves are done to validate the proposed approach. Finally, these models are used to build a geo-referred database of heat and electricity demand for the entire Swiss territory. As an application of the heat demand model, a realistic saving potential is estimated for the existing building stock; this potential could be achieved through by a deep retrofit program. One advantage of the statistical bottom-up model approach is that it allows to simulate a building stock that replicates the diversity of building demand. This point is important in order to

  9. Potential Retrofit of Existing Sultan Ismail Parliament Building, Johor to Green Building

    Directory of Open Access Journals (Sweden)

    Yasin Mohd Norazam

    2017-01-01

    Full Text Available The concept of retrofitting an existing building towards green building was introduced to move towards greener development. This paper investigates the benefits of retrofitting an existing building to green building. The potential retrofit of the existing Sultan Ismail Parliament building was also determined and later the elements of the building to be retrofitted were proposed. The Sultan Ismail Parliament building is one of the newest development that serves as the Johor state administrative center under Iskandar Malaysia. Therefore, this paper focuses on whether the existing building has fulfilled all of the green building elements. A set of questionnaire was distributed to the targeted respondents who were the engineers, architects, technicians, staffs and those who were involved in the development of the Sultan Ismail Parliament building. A total of 60 respondents was involved. Based on the analyzed data, it shows that the existing building has fulfilled only one of the green building elements which is the Indoor Environmental Quality. The items that scored 3.5 and above mean index under this element include the daylight glare is not bothering, the ventilation in the building is adequate, inspections are done regularly, smoking regulation is implemented and the number of openings of windows and doors is sufficient. While it shows that other elements were only partially fulfilled. The criteria that achieved below 3.5 mean index values is considered to be the potential elements that could be used for future retrofitting initiative.

  10. Structural Identification And Seismic Analysis Of An Existing Masonry Building

    International Nuclear Information System (INIS)

    Del Monte, Emanuele; Galano, Luciano; Ortolani, Barbara; Vignoli, Andrea

    2008-01-01

    The paper presents the diagnostic investigation and the seismic analysis performed on an ancient masonry building in Florence. The building has historical interest and is subjected to conservative restrictions. The investigation involves a preliminary phase concerning the research of the historic documents and a second phase of execution of in situ and laboratory tests to detect the mechanical characteristics of the masonry. This investigation was conceived in order to obtain the 'LC2 Knowledge Level' and to perform the non-linear pushover analysis according to the new Italian Standards for seismic upgrading of existing masonry buildings

  11. Building OOC layers on top of existing courses

    DEFF Research Database (Denmark)

    Bang, Jørgen; Dalsgaard, Christian; Kjær, Arne

    2016-01-01

    prefer the term "Open Online Courses", MOOCs (Massive Open Online Courses) without the M. This paper will present our approach to building OOCs on top of existing campusbased courses at Aarhus University, Denmark. Consequently, participants of an 'OOC track' will engage in collaboration and discussions...

  12. Low energy house in existing buildings; Niedrigenergiehaus im Bestand

    Energy Technology Data Exchange (ETDEWEB)

    Sahner, G. [BDA, Stuttgart/Augsburg (Germany)

    2008-07-01

    Presented is an energetic sanitation of residential units in the frame of a German pilot program (''low energy houses in the existing building sector'') initiated by the ministry of traffic, civil engineering and city development. (GL)

  13. Building stock dynamics and its impacts on materials and energy demand in China

    International Nuclear Information System (INIS)

    Hong, Lixuan; Zhou, Nan; Feng, Wei; Khanna, Nina; Fridley, David; Zhao, Yongqiang; Sandholt, Kaare

    2016-01-01

    China hosts a large amount of building stocks, which is nearly 50 billion square meters. Moreover, annual new construction is growing fast, representing half of the world's total. The trend is expected to continue through the year 2050. Impressive demand for new residential and commercial construction, relative shorter average building lifetime, and higher material intensities have driven massive domestic production of energy intensive building materials such as cement and steel. This paper developed a bottom-up building stock turnover model to project the growths, retrofits and retirements of China's residential and commercial building floor space from 2010 to 2050. It also applied typical material intensities and energy intensities to estimate building materials demand and energy consumed to produce these building materials. By conducting scenario analyses of building lifetime, it identified significant potentials of building materials and energy demand conservation. This study underscored the importance of addressing building material efficiency, improving building lifetime and quality, and promoting compact urban development to reduce energy and environment consequences in China. - Highlights: •Growths of China's building floorspace were projected from 2010 to 2050. •A building stock turnover model was built to reflect annual building stock dynamics. •Building related materials and energy demand were projected.

  14. A comprehensive framework to quantify energy savings potential from improved operations of commercial building stocks

    International Nuclear Information System (INIS)

    Azar, Elie; Menassa, Carol C.

    2014-01-01

    While studies highlight the significant impact of actions performed by occupants and facility managers on building energy performance, current policies ignore the importance of human actions and the potential energy savings from a more efficient operation of building systems. This is mainly attributed to the lack of methods that evaluate non-technological drivers of energy use for large stocks of commercial buildings to support policy making efforts. Therefore, this study proposes a scientific approach to quantifying the energy savings potential due to improved operations of any stock of commercial buildings. The proposed framework combines energy modeling techniques, studies on human actions in buildings, and surveying and sampling methods. The contributions of this study to energy policy are significant as they reinforce the role of human actions in energy conservation, and support efforts to integrate operation-focused solutions in energy conservation policy frameworks. The framework's capabilities are illustrated in a case study performed on the stock of office buildings in the United States (US). Results indicate a potential 21 percent reduction in the current energy use levels of these buildings through realistic changes in current building operation patterns. - Highlights: • Human actions highly influence energy performance of commercial building stocks. • It is challenging to quantify operation-related energy savings potential. • The proposed framework quantifies potential energy savings from improved operations. • The framework can be applied on any stock of commercial buildings. • Applications include support for operation-focused solutions in energy policies

  15. 2020 Leadership Agenda for Existing Commercial and Multifamily Buildings

    Energy Technology Data Exchange (ETDEWEB)

    Burr, Andrew [Dept. of Energy (DOE), Washington DC (United States). Office of Energy Efficiency and Renewable Energy; Goldthwaite, Carolyn Sarno [Northeast Energy Efficiency Partnerships (NEEP), Boston, MA (United States). High Performance Buildings; Coffman, Eric [Montgomery County Dept. of General Services, Rockville, MD (United States). Office of Energy and Sustainability

    2016-01-21

    Leadership by state and local governments is critical to unlock national energy efficiency opportunities and deliver the benefits of efficiency to all Americans. But related to building energy efficiency, what will it mean to be a public sector leader over the next several years? What are the energy efficiency solutions that cities, counties, and states are implementing today that will make their communities more affordable, livable, healthy, and economically competitive? The SEE Action Network 2020 Leadership Agenda for Existing Commercial and Multifamily Buildings establishes a benchmark for state and local government leadership on improving the energy efficiency of buildings and seeks two-way collaboration among state, local, and federal officials. It defines a suite of innovative, yet practical policies and programs for policymakers to consider implementing by 2020, focusing on six important areas.

  16. The building paradigm shift and its effect on Western European housing stocks

    NARCIS (Netherlands)

    Thomsen, A.

    2011-01-01

    The 20th century saw an enormous worldwide growth of the housing stock. In particular the building boom after WW-II, during which the housing stock in most countries was multifolded, focussed the attention of the housing sector primarily to the planning and realisation of new construction; the

  17. Empirical assessment of the Hellenic non-residential building stock, energy consumption, emissions and potential energy savings

    International Nuclear Information System (INIS)

    Gaglia, Athina G.; Balaras, Constantinos A.; Mirasgedis, Sevastianos; Georgopoulou, Elena; Sarafidis, Yiannis; Lalas, Dimitris P.

    2007-01-01

    Comprehensive information and detailed data for the non-residential (NR) building stock is rather limited, although it is the fastest growing energy demand sector. This paper elaborates the approach used to determine the potential energy conservation in the Hellenic NR building stock. A major obstacle that had to be overcome was the need to make suitable assumptions for missing detailed primary data. A qualitative and quantitative assessment of scattered national data resulted in a realistic assessment of the existing NR building stock and energy consumption. Different energy conservation scenarios and their impact on the reduction of CO 2 emissions were evaluated. Accordingly, the most effective energy conservation measures are: addition of thermal insulation of exposed external walls, primarily in hotels and hospitals; installation of energy efficient lamps; installation of solar collectors for sanitary hot water production, primarily in hotels and health care; installation of building management systems in office/commercial and hotel buildings; replacement of old inefficient boilers; and regular maintenance of central heating boilers

  18. Energy refurbishment of the Italian residential building stock: energy and cost analysis through the application of the building typology

    International Nuclear Information System (INIS)

    Ballarini, Ilaria; Corrado, Vincenzo; Madonna, Francesco; Paduos, Simona; Ravasio, Franco

    2017-01-01

    The European residential building stock is largely composed of buildings with poor energy performance, therefore basic retrofit actions could lead to significant energy savings. However, energy refurbishment measures should be identified in accurate way, taking into account the technical viability and aiming both to increase the building energy performance and to restrain the costs. The present article investigates the effects of different measures applied to the Italian residential building stock by using the building typology, which consists of 120 building types, representative of six construction ages, four building sizes and five climatic zones. A quasi-steady state model has been used to calculate the energy performance; the economic evaluation has been carried out as specified in the EU cost-optimal comparative methodology (Directive 2010/31/EU). The most effective measures and packages of measures, in terms of energy saving and global cost reduction, are identified and discussed. The results are addressed to important purposes for energy policy, as for instance: (a) to provide political authorities with the most effective energy efficiency measures as to encourage retrofit processes through the allocation of financial incentives, (b) to offer a knowledge-base for developing energy refurbishment scenarios of residential building stocks and forecasting future energy resource demand. - Highlights: • Investigation of energy savings and cost effectiveness of the Italian housing stock refurbishments. • Application of the building typology approach of the IEE-TABULA project. • Knowledge-base for bottom-up models of the building stock energy performance. • Supporting the political authorities to promote effective refurbishment measures.

  19. Energy conservation in the existing Dutch private housing stock; Energiebesparing bestaande koopwoningen

    Energy Technology Data Exchange (ETDEWEB)

    Rooijers, F.J.; Leguijt, C.

    2013-07-15

    One of the elements of the 'SER energy agreement' concluded by the Netherlands Social and Economic Council (SER) is concerned with energy efficiency in the current private housing stock. Over the past few decades there have been many programmes in this area, and a number of measures have certainly been implemented. To say that these have been overwhelmingly successful in securing the Dutch government's climate policy targets for the built environment would be an exaggeration, though. The pace of change has been too slow. The Netherlands Society for Nature and Environment (Natuur en Milieu) asked CE Delft to estimate the impact of a package of measures for improving the energy performance of existing dwellings, comprising incentives up to the year 2020 and an obligatory label C or better thereafter. The data in this brief report are derived largely from the dashboard model 'New instruments for the existing housing stock' developed by CE Delft in collaboration with ECN [Dutch] In het SER-energieakkoord speelt energiebesparing in de bestaande woningbouw een relevante rol. Vele programma's zijn de afgelopen decennia de revue gepasseerd, waarbij zeker besparingsmaatregelen zijn getroffen. Er is echter geen sprake van doorslaggevend succes dat de klimaatdoelen van de Rijksoverheid in de gebouwde omgeving daadwerkelijk binnen bereik brengt. Meer tempo is nodig. Natuur en Milieu heeft CE Delft gevraagd om de effecten in beeld te brengen van een pakket voor de verbetering van de energiekwaliteit van bestaande woningen dat bestaat uit verleiden tot 2020, met na 2020 een verplichting tot label C of beter. De cijfers in deze notitie zijn in belangrijke mate ontleend aan het dashboardmodel 'Nieuwe instrumenten voor de bestaande bouw' van CE Delft dat is ontwikkeld in samenwerking met ECN.

  20. State of the Irish housing stock—Modelling the heat losses of Ireland's existing detached rural housing stock and estimating the benefit of thermal retrofit measures on this stock

    International Nuclear Information System (INIS)

    Ahern, Ciara; Griffiths, Philip; O'Flaherty, Micheál

    2013-01-01

    Ireland's housing stock has been identified as being amongst the least energy efficient in Northern Europe. Consequently, atmospheric emissions are greater than necessary. Government funded schemes have been introduced to incentivise the uptake of thermal retrofit measures in the domestic Irish market. A study of Ireland's housing highlights the dominance of detached houses (43%), 72% of which are rurally located and are predominantly heated with fuel oil. This paper investigates the economic and carbon case for thermal retrofit measures to the existing detached, oil centrally heated, rural housing stock. The study found the case for energy efficiency measures to be categorical and supports the Irish Government's focus on energy efficiency policy measures. Thermal retrofit measures in the detached housing stock have the potential to realise an averaged 65% theoretical reduction in heating costs and CO 2 emissions for houses constructed prior to 1979 (coinciding with the introduction of building regulations) and around 26% for newer homes, thus offering a significant contribution (44%) to Ireland's residential carbon abatement projections and hence in meeting the EU's directives on energy and carbon. The greatest savings (36%) of Ireland's carbon abatement projections result from improving the energy efficiency of the pre 1979 stock. - Highlights: ► Model constructs base geometry of detached rural Irish dwellings by age band. ► Model quantifies savings to this stock via The National Insulation Scheme. ► Results offer significant contribution to Ireland's carbon abatement projections. ► Greatest savings result from retrofitting the pre 1979 stock. ► Government needs to introduce PAYS scheme or similar to engage public at large

  1. Quantified carbon input for maintaining existing soil organic carbon stocks in global wheat systems

    Science.gov (United States)

    Wang, G.

    2017-12-01

    Soil organic carbon (SOC) dynamics in croplands is a crucial component of global carbon (C) cycle. Depending on local environmental conditions and management practices, typical C input is generally required to reduce or reverse C loss in agricultural soils. No studies have quantified the critical C input for maintaining SOC at global scale with high resolution. Such information will provide a baseline map for assessing soil C dynamics under potential changes in management practices and climate, and thus enable development of management strategies to reduce C footprint from farm to regional scales. We used the soil C model RothC to simulate the critical C input rates needed to maintain existing soil C level at 0.1°× 0.1° resolution in global wheat systems. On average, the critical C input was estimated to be 2.0 Mg C ha-1 yr-1, with large spatial variability depending on local soil and climatic conditions. Higher C inputs are required in wheat system of central United States and western Europe, mainly due to the higher current soil C stocks present in these regions. The critical C input could be effectively estimated using a summary model driven by current SOC level, mean annual temperature, precipitation, and soil clay content.

  2. Building envelope for New Buildings and Energy Renovation of Existing Buildings. Project results

    DEFF Research Database (Denmark)

    Rudbeck, Claus Christian; Rose, Jørgen; Esbensen, Peter Kjær

    1999-01-01

    of heat- and moistureflow is insufficiently documented for large insulation thicknesses. Thermal bridges, for instance, plays a larger role for the overall heat loss in these constructions, and moisture in insulation materials will decrease the overall performance of the construction.Due to these facts...... on the following subjects:Scientific basis for calculation programs, Development of calculationsmethods for heat transfer, Development of new building envelope components, Roofing system based on wooden roof elements, Roofing system with drying properties, Moisture uptake and drying from brick constructions...

  3. Guiding Principles for Sustainable Existing Buildings: Radiochemical Processing Laboratory

    Energy Technology Data Exchange (ETDEWEB)

    Pope, Jason E. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States)

    2013-11-11

    In 2006, the United States (U.S.) Department of Energy (DOE) signed the Federal Leadership in High Performance and Sustainable Buildings Memorandum of Understanding (MOU), along with 21 other agencies. Pacific Northwest National Laboratory (PNNL) is exceeding this requirement and, currently, about 25 percent of its buildings are High Performance and Sustainable Buildings. The pages that follow document the Guiding Principles conformance effort for the Radiochemical Processing Laboratory (RPL) at PNNL. The RPL effort is part of continued progress toward a building inventory that is 100 percent compliant with the Guiding Principles.

  4. Application of Markowitz Portfolio Theory by Building Optimal Portfolio on the US Stock Market

    OpenAIRE

    Širůček, Martin; Křen, Lukáš

    2015-01-01

    ŠIRŮČEK MARTIN, KŘEN LUKÁŠ. 2015. Application of Markowitz Portfolio Theory by Building Optimal Portfolio on the US Stock Market. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 63(4): 1375–1386. This paper is focused on building investment portfolios by using the Markowitz Portfolio Theory (MPT). Derivation based on the Capital Asset Pricing Model (CAPM) is used to calculate the weights of individual securities in portfolios. The calculated portfolios include a po...

  5. Detailed assessment of structural characteristics of Turkish RC building stock for loss assessment models

    NARCIS (Netherlands)

    Bal, I. E.; Crowley, Helen; Pinho, Rui; Gülay, F. Gülten

    2008-01-01

    Assessment of the seismic vulnerability of the building stock in the earthquake-prone Marmara region of Turkey is of growing importance since such information is needed for reliable estimation of the losses that possible future earthquakes are likely to induce. The outcome of such loss assessment

  6. The building stock from perspective of change - renovation roadmap

    Energy Technology Data Exchange (ETDEWEB)

    Airaksinen, M., Email: miimu.airaksinen@vtt.fi

    2012-06-15

    By 2050, population, society and economic structures will have changed several times. The long and short-term goals and objectives concerning our built environment are mutually contradictory. Determining objectives or creating scenarios for the future built environment is fruitless. We should approach the development of the built environment from the perspective of change and improve the flexibility and adaptability of the built environment. For the users, a built environment meeting their basic needs is part of sustainable development. Identified short-range renovation needs include eliminating damp and mould problems, improving energy and eco-efficiency, removing obstacles to mobility and adapting buildings to accommodate the needs of the elderly. Vacated areas and buildings should be recycled and offered a new life supporting a sense of community and service production. Improved energy efficiency reduces greenhouse gas emissions. Instead of renovating individual buildings, renovation of the entire area is recommended. Sustainability in construction translates into favouring recycling and renewable materials and building-specific energy systems using renewable and/or low-emission resources. It is recommended that renovations to improve energy efficiency are scheduled to coincide with other maintenance/ renovations so as to reduce costs. In renovation construction, the role of service improvement is more important than products. Improved services help to identify a solution that fulfils several customer needs, meets financial limitations and can be implemented efficiently. Companies are advised to view renovation construction as an innovative market segment entitled to its own service portfolio. Truths about new building should be discarded and new services developed based on recent study results and new technologies. (orig.)

  7. Forecasting uptake of retrofit packages in office building stock under government incentives

    International Nuclear Information System (INIS)

    Higgins, Andrew; Syme, Mike; McGregor, James; Marquez, Leorey; Seo, Seongwon

    2014-01-01

    As government and industry plan to reduce energy consumption in building stock, there is a need to forecast the uptake of retrofit packages across building stock over time. To address this challenge a diffusion model was set up and applied to office building stock across New South Wales (NSW) in Australia, accommodating a high spatial resolution and temporal capability for projecting uptake of technology packages characterised by multiple variables. Six retrofit packages were set up for the diffusion model, which ranged from inexpensive services and manuals through to mid-priced packages involving energy efficient T5 lighting and solar hot water through to expensive packages such as chilled beams and Solar PV. We evaluated the model using a base case and two policy programs, representing the Green Building Fund and Environmental Upgrade Agreements. These were recent incentive programs funded by the Australian government to accelerate the uptake of retrofit packages, by providing financial support to upfront expenditures and removing barriers to retrofit. By forecasting uptake of each retrofit package to 2032 under each program, we demonstrate how the model can be a valuable resource in tailoring expensive government programs and increasing their effectiveness. - Highlights: • Diffusion model for uptake of building retrofits. • Case study with New South Wales office buildings. • Forecast uptake of government policy programs

  8. Performance evaluation of existing building structure with pushover analysis

    Science.gov (United States)

    Handana, MAP; Karolina, R.; Steven

    2018-02-01

    In the management of the infrastructure of the building, during the period of buildings common building damage as a result of several reasons, earthquakes are common. The building is planned to work for a certain service life. But during the certain service life, the building vulnerable to damage due to various things. Any damage to cultivate can be detected as early as possible, because the damage could spread, triggering and exacerbating the latest. The newest concept to earthquake engineering is Performance Based Earthquake Engineering (PBEE). PBEE divided into two, namely Performance Based Seismic Design (PBSD) and Performance Based Seismic Evaluation (PBSE). Evaluation on PBSE one of which is the analysis of nonlinear pushover. Pushover analysis is a static analysis of nonlinear where the influence of the earthquake plan on building structure is considered as burdens static catch at the center of mass of each floor, which it was increased gradually until the loading causing the melting (plastic hinge) first within the building structure, then the load increases further changes the shapes of post-elastic large it reached the condition of elastic. Then followed melting (plastic hinge) in the location of the other structured.

  9. Improved modelling of thermal energy savings potential in the existing residential stock using a newly available data source

    International Nuclear Information System (INIS)

    Dineen, D.; Rogan, F.; Ó Gallachóir, B.P.

    2015-01-01

    This paper presents a novel bottom up approach to modelling the energy savings potential of energy efficiency improvement measures to be applied through retrofit of the existing dwelling stock. It takes advantage of a newly available, rich dataset on the construction characteristics of the 2011 housing stock in Ireland. The methodological innovation centres on the use of wall construction type in the modelling and analysis. While Ireland is the focus, this approach is applicable to any EU member state for which data on dwelling characteristics exists from surveys carried as part of Energy Performance Certificate calculations. The model is calibrated to the national energy balance for 2011 by varying the internal temperature assumptions. Sensitivity analysis is performed on the effects of internal temperature and rebound. The paper also highlights some limitations posed by data availability on the accuracy and sophistication of models that can currently be developed, specifically in the Irish case. - Highlights: • Archetype model of energy savings potential from retrofit of existing dwelling stock. • Takes advantage of rich dataset on the construction characteristics of the Irish housing stock. • Innovative use of wall construction types in archetype definition possible due to improved data. • Results calibrated to top down estimate of heating demand by adjusting internal temperature. • Highlights limitations on the accuracy and sophistication of models posed by data availability.

  10. Experimental modal identification of an existent earthen residential building

    OpenAIRE

    Aguilar, Rafael; Ramos, Luís F.; Torrealva, D.; Chácara, C.

    2013-01-01

    The paper presents the preliminary round of in-situ experimental tests carried out at “Hotel Comercio”, a historical construction located at the historical centre of Lima (capital of Peru). The building is a three story republican-type construction built at 19th Century with composite structure of Adobe and “Quincha”. The experimental works consisted on Operational Modal Analysis (OMA) tests aiming at identifying the dynamic characteristics of the building using the environmental noise as sou...

  11. Energy usage and technical potential for energy saving measures in the Swedish residential building stock

    International Nuclear Information System (INIS)

    Mata, Érika; Sasic Kalagasidis, Angela; Johnsson, Filip

    2013-01-01

    This paper provides an analysis of the current energy usage (net energy and final energy by fuels) and associated carbon dioxide (CO 2 ) emissions of the Swedish residential building stock, which includes single-family dwellings and multi-family dwellings. Twelve energy saving measures (ESMs) are assessed using a bottom–up modeling methodology, in which the Swedish residential stock is represented by a sample of 1400 buildings (based on data from the year 2005). Application of the ESMs studied gives a maximum technical reduction potential in energy demand of 53%, corresponding to a 63% reduction in CO 2 emissions. Although application of the investigated ESMs would reduce CO 2 emissions, the measures that reduce electricity consumption for lighting and appliances (LA) will increase CO 2 emissions, since the saved electricity production is less CO 2 -intensive than the fuel mix used for the increased space heating required to make up for the loss in indirect heating obtained from LA. - Highlights: ► Analysis of year 2005energy use and CO2 emissions of Swedish residential buildings. ► Includes all single-family dwellings and multi-family dwellings. ► Bottom–up modeling of building stock represented by 1400 buildings. ► Technical effects of 12 energy saving measures are assessed. ► Energy demand can be reduced by53% and associated CO 2 emissions by 63%

  12. Refurbishment of Social housing: a survey of the building stock owned by ATC Torino

    Directory of Open Access Journals (Sweden)

    Andrea Levra Levron

    2016-11-01

    Full Text Available The Italian public housing building stock is considerable, although quantitatively less than that of other European countries,. The public policies adopted in the last decades have pushed the supply of housing by the private sector and supported the sale of the assets by the public housing authorities. Those buildings are often degraded and obsolete. Nevertheless, the issue of redevelopment of this part of the residential building stock is a central focus, also because of its important social role, especially in the current period of crisis. One of the recurring factors in the Italian case is the low quality of this building stock due to the lack of an organic maintenance activity. The paper reports the first results of a research carried out by the Department of Architecture and Design in cooperation with a social housing public authority, the Regional Agency for the Central Piedmont House (ATC. The goal of the research was the development of methodologies for estimating and analysis of maintenance requirements. Moreover, the study suggests and develops a forecasting tool for the planning of maintenance operations and redevelopment of the large building estates.

  13. Macro economy, stock market and oil prices. Do meaningful relationships exist among their cyclical fluctuations?

    International Nuclear Information System (INIS)

    Filis, George

    2010-01-01

    This paper examines the relationship among consumer price index, industrial production, stock market and oil prices in Greece. Initially we use a unified statistical framework (cointegration and VECM) to study the data in levels. We then employ a multivariate VAR model to examine the relationship among the cyclical components of our series. The period of the study is from 1996:1 to 2008:6. Findings suggest that oil prices and the stock market exercise a positive effect on the Greek CPI, in the long run. Cyclical components analysis suggests that oil prices exercise significant negative influence to the stock market. In addition, oil prices are negatively influencing CPI, at a significant level. However, we find no effect of oil prices on industrial production and CPI. Finally, no relationship can be documented between the industrial production and stock market for the Greek market. The findings of this study are of particular interest and importance to policy makers, financial managers, financial analysts and investors dealing with the Greek economy and the Greek stock market. (author)

  14. Deep renovation of the school building stock: the European opportunity and the Italian strategy

    Directory of Open Access Journals (Sweden)

    Paola Boarin

    2015-04-01

    Full Text Available The examination of the Italian and European legislative and regulatory framework, and the analysis of some relevant survey campaigns of the national school building stock show an alarming situation, as well as some missed opportunities. Despite the fact that operations promoted by the Government haven’t been effective so far, the European Union encourages deep retrofit interventions towards the standard 'Nearly Zero Energy Buildings'. This approach necessarily implies a systemic knowledge of the buildings, which can be achieved with different levels of detail, through preliminary energy audits, audits, and more detailed and multi-criteria Post-Occupancy Evaluations.

  15. Upgrade energy building standards and develop rating system for existing low-income housing

    International Nuclear Information System (INIS)

    Muller, D.; Norville, C.

    1993-07-01

    The city of Memphis Division of Housing and Community Development (HCD) receives grant funding each year from the U.S. Department of Housing and Urban Development (HUD) to provide local housing assistance to low-income residents. Through the years, HCD has found that many of the program recipients have had difficulty in managing their households, particularly in meeting monthly financial obligations. One of the major operating costs to low-income households is the utility bill. Furthermore, HCD's experience has revealed that many low-income residents are simply unaware of ways to reduce their utility bill. Most of the HCD funds are distributed to low-income persons as grants or no/low interest loans for the construction or rehabilitation of single-family dwellings. With these funds, HCD builds 80 to 100 new houses and renovates about 500 homes each year. Houses constructed or renovated by HCD must meet HUD's minimum energy efficiency standards. While these minimum standards are more than adequate to meet local building codes, they are not as aggressive as the energy efficiency standards being promoted by the national utility organizations and the home building industry. Memphis Light, Gas and Water (MLGW), a city-owned utility, has developed an award-winning program named Comfort Plus which promotes energy efficiency open-quote in new residential construction. Under Comfort Plus, MLGW models house plans on computer for a fee and recommends cost-effective alterations which improve the energy efficiency of the house. If the builder agrees to include these recommendations, MLGW will certify the house and guarantee a maximum annual heating/cooling bill for two years. While the Comfort Plus program has received recognition in the new construction market, it does not address the existing housing stock

  16. Upgrade energy building standards and develop rating system for existing low-income housing

    Energy Technology Data Exchange (ETDEWEB)

    Muller, D.; Norville, C. [Memphis and Shelby County Div. of Planning and Development, TN (United States)

    1993-07-01

    The city of Memphis Division of Housing and Community Development (HCD) receives grant funding each year from the U.S. Department of Housing and Urban Development (HUD) to provide local housing assistance to low-income residents. Through the years, HCD has found that many of the program recipients have had difficulty in managing their households, particularly in meeting monthly financial obligations. One of the major operating costs to low-income households is the utility bill. Furthermore, HCD`s experience has revealed that many low-income residents are simply unaware of ways to reduce their utility bill. Most of the HCD funds are distributed to low-income persons as grants or no/low interest loans for the construction or rehabilitation of single-family dwellings. With these funds, HCD builds 80 to 100 new houses and renovates about 500 homes each year. Houses constructed or renovated by HCD must meet HUD`s minimum energy efficiency standards. While these minimum standards are more than adequate to meet local building codes, they are not as aggressive as the energy efficiency standards being promoted by the national utility organizations and the home building industry. Memphis Light, Gas and Water (MLGW), a city-owned utility, has developed an award-winning program named Comfort Plus which promotes energy efficiency{open_quote} in new residential construction. Under Comfort Plus, MLGW models house plans on computer for a fee and recommends cost-effective alterations which improve the energy efficiency of the house. If the builder agrees to include these recommendations, MLGW will certify the house and guarantee a maximum annual heating/cooling bill for two years. While the Comfort Plus program has received recognition in the new construction market, it does not address the existing housing stock.

  17. Application of Markowitz Portfolio Theory by Building Optimal Portfolio on the US Stock Market

    Directory of Open Access Journals (Sweden)

    Martin Širůček

    2015-01-01

    Full Text Available This paper is focused on building investment portfolios by using the Markowitz Portfolio Theory (MPT. Derivation based on the Capital Asset Pricing Model (CAPM is used to calculate the weights of individual securities in portfolios. The calculated portfolios include a portfolio copying the benchmark made using the CAPM model, portfolio with low and high beta coefficients, and a random portfolio. Only stocks were selected for the examined sample from all the asset classes. Stocks in each portfolio are put together according to predefined criteria. All stocks were selected from Dow Jones Industrial Average (DJIA index which serves as a benchmark, too. Portfolios were compared based on their risk and return profiles. The results of this work will provide general recommendations on the optimal approach to choose securities for an investor’s portfolio.

  18. Building America Case Study: Trade-Friendly Retrofit Insulated Panels for Existing Buildings, Albany, New York

    Energy Technology Data Exchange (ETDEWEB)

    2016-03-01

    This project evaluated the effectiveness and affordability of integrating retrofit insulated panels into a re-siding project. The Partnership for Home Innovation (PHI) teamed with New York State Energy Research and Development Authority (NYSERDA), the Albany Housing Authority (AHA), and the New York State Weatherization Assistance Program (WAP) administered by Albany Community Action Partnership to demonstrate an energy retrofit and siding upgrade on a two-story, seven unit, multifamily building in Albany New York (CZ 5). The project focused on accomplishing three goals - doubling the existing wall thermal resistance (from approximately R-13 to a weighted average of R-27), reduction of building air leakage, and completion of the retrofit within a budget where the additional cost for upgrading wall's thermal resistance is equal to the cost of the standard re-siding effort (i.e., the total cost of the energy efficient re-siding scope of work is not more than double the cost of the standard re-siding effort). Lessons learned from the project strongly indicate that the retrofit panel technology can be installed using common installation practices and with minimal training. Other lessons learned include limitation on the use of standard air sealing materials during cold weather installations and the need to develop better installation guidance for trades working with the level of tolerances that may be present in the existing structure. This technology demonstration showed that exterior retrofit panels provide a viable and reasonable option for the siding trades to increase market opportunities and achieve synergistic benefits for aesthetic upgrades to a building's exterior.

  19. Energy demand of the German and Dutch residential building stock under climate change

    Science.gov (United States)

    Olonscheck, Mady; Holsten, Anne; Walther, Carsten; Kropp, Jürgen P.

    2014-05-01

    In order to mitigate climate change, extraordinary measures are necessary in the future. The building sector, in particular, offers considerable potential for transformation to lower energy demand. On a national level, however, successful and far-reaching measures will likely be taken only if reliable estimates regarding future energy demand from different scenarios are available. The energy demand for space heating and cooling is determined by a combination of behavioral, climatic, constructional, and demographic factors. For two countries, namely Germany and the Netherlands, we analyze the combined effect of future climate and building stock changes as well as renovation measures on the future energy demand for room conditioning of residential buildings until 2060. We show how much the heating energy demand will decrease in the future and answer the question of whether the energy decrease will be exceeded by an increase in cooling energy demand. Based on a sensitivity analysis, we determine those influencing factors with the largest impact on the future energy demand from the building stock. Both countries have national targets regarding the reduction of the energy demand for the future. We provide relevant information concerning the annual renovation rates that are necessary to reach these targets. Retrofitting buildings is a win-win option as it not only helps to mitigate climate change and to lower the dependency on fossil fuels but also transforms the buildings stock into one that is better equipped for extreme temperatures that may occur more frequently with climate change. For the Netherlands, the study concentrates not only on the national, but also the provincial level, which should facilitate directed policy measures. Moreover, the analysis is done on a monthly basis in order to ascertain a deeper understanding of the future seasonal energy demand changes. Our approach constitutes an important first step towards deeper insights into the internal dynamics

  20. An Efficient Heuristic Approach for Irregular Cutting Stock Problem in Ship Building Industry

    Directory of Open Access Journals (Sweden)

    Yan-xin Xu

    2016-01-01

    Full Text Available This paper presents an efficient approach for solving a real two-dimensional irregular cutting stock problem in ship building industry. Cutting stock problem is a common cutting and packing problem that arises in a variety of industrial applications. A modification of selection heuristic Exact Fit is applied in our research. In the case referring to irregular shapes, a placement heuristics is more important to construct a complete solution. A placement heuristic relating to bottom-left-fill is presented. We evaluate the proposed approach using generated instance only with convex shapes in literatures and some instances with nonconvex shapes based on real problem from ship building industry. The results demonstrate that the effectiveness and efficiency of the proposed approach are significantly better than some conventional heuristics.

  1. Factors influencing energy efficiency investments in existing Swedish residential buildings

    International Nuclear Information System (INIS)

    Nair, Gireesh; Gustavsson, Leif; Mahapatra, Krushna

    2010-01-01

    We used the data from a survey conducted in 2008 of 3,000 owners of detached houses to analyse the factors that influence the adoption of investment measures to improve the energy efficiency of their buildings. For the majority of Swedish homeowners, it was important to reduce their household energy use, and most of them undertook no-cost measures as compared to investment measures. Personal attributes such as income, education, age and contextual factors, including age of the house, thermal discomfort, past investment, and perceived energy cost, influence homeowners' preference for a particular type of energy efficiency measure. The implications for promoting the implementation of energy efficiency investment measures are discussed.

  2. Technology Solutions for Existing Homes Case Study: Trade-Friendly Retrofit Insulated Panels for Existing Buildings

    Energy Technology Data Exchange (ETDEWEB)

    None

    2016-03-01

    For this project with the U.S. Department of Energy Building America team Home Innovation Research Labs, the retrofit insulated panels relied on an enhanced expanded polystyrene (EPS) for thermal resistance of R-4.5/inch, which is an improvement of 10% over conventional (white-colored) EPS. EPS, measured by its life cycle, is an alternative to commonly used extruded polystyrene and spray polyurethane foam. It is a closed-cell product made up of 90% air, and it requires about 85% fewer petroleum products for processing than other rigid foams.

  3. Factors influencing energy efficiency investments in existing Swedish residential buildings

    Energy Technology Data Exchange (ETDEWEB)

    Nair, Gireesh; Gustavsson, Leif; Mahapatra, Krushna [Ecotechnology, Mid Sweden University, SE-83125 Oestersund (Sweden)

    2010-06-15

    We used the data from a survey conducted in 2008 of 3,000 owners of detached houses to analyse the factors that influence the adoption of investment measures to improve the energy efficiency of their buildings. For the majority of Swedish homeowners, it was important to reduce their household energy use, and most of them undertook no-cost measures as compared to investment measures. Personal attributes such as income, education, age and contextual factors, including age of the house, thermal discomfort, past investment, and perceived energy cost, influence homeowners' preference for a particular type of energy efficiency measure. The implications for promoting the implementation of energy efficiency investment measures are discussed. (author)

  4. Multi-criteria decision model for retrofitting existing buildings

    Directory of Open Access Journals (Sweden)

    M. D. Bostenaru Dan

    2004-01-01

    Full Text Available Decision is an element in the risk management process. In this paper the way how science can help in decision making and implementation for retrofitting buildings in earthquake prone urban areas is investigated. In such interventions actors from various spheres are involved. Their interests range among minimising the intervention for maximal preservation or increasing it for seismic safety. Research was conducted to see how to facilitate collaboration between these actors. A particular attention was given to the role of time in actors' preferences. For this reason, on decision level, both the processural and the personal dimension of risk management, the later seen as a task, were considered. A systematic approach was employed to determine the functional structure of a participative decision model. Three layers on which actors implied in this multi-criteria decision problem interact were identified: town, building and element. So-called 'retrofit elements' are characteristic bearers in the architectural survey, engineering simulations, costs estimation and define the realms perceived by the inhabitants. This way they represent an interaction basis for the interest groups considered in a deeper study. Such orientation means for actors' interaction were designed on other levels of intervention as well. Finally, an 'experiment' for the implementation of the decision model is presented: a strategic plan for an urban intervention towards reduction of earthquake hazard impact through retrofitting. A systematic approach proves thus to be a very good communication basis among the participants in the seismic risk management process. Nevertheless, it can only be applied in later phases (decision, implementation, control only, since it serves verifying and improving solution and not developing the concept. The 'retrofit elements' are a typical example of the detailing degree reached in the retrofit design plans in these phases.

  5. Multi-criteria decision model for retrofitting existing buildings

    Science.gov (United States)

    Bostenaru Dan, M. D.

    2004-08-01

    Decision is an element in the risk management process. In this paper the way how science can help in decision making and implementation for retrofitting buildings in earthquake prone urban areas is investigated. In such interventions actors from various spheres are involved. Their interests range among minimising the intervention for maximal preservation or increasing it for seismic safety. Research was conducted to see how to facilitate collaboration between these actors. A particular attention was given to the role of time in actors' preferences. For this reason, on decision level, both the processural and the personal dimension of risk management, the later seen as a task, were considered. A systematic approach was employed to determine the functional structure of a participative decision model. Three layers on which actors implied in this multi-criteria decision problem interact were identified: town, building and element. So-called 'retrofit elements' are characteristic bearers in the architectural survey, engineering simulations, costs estimation and define the realms perceived by the inhabitants. This way they represent an interaction basis for the interest groups considered in a deeper study. Such orientation means for actors' interaction were designed on other levels of intervention as well. Finally, an 'experiment' for the implementation of the decision model is presented: a strategic plan for an urban intervention towards reduction of earthquake hazard impact through retrofitting. A systematic approach proves thus to be a very good communication basis among the participants in the seismic risk management process. Nevertheless, it can only be applied in later phases (decision, implementation, control) only, since it serves verifying and improving solution and not developing the concept. The 'retrofit elements' are a typical example of the detailing degree reached in the retrofit design plans in these phases.

  6. Measuring Outdoor Air Intake Rates into Existing Building

    Energy Technology Data Exchange (ETDEWEB)

    Fisk, William; Sullivan, Douglas; Cohen, Sebastian; Han, Hwataik

    2009-04-16

    Practical and accurate technologies are needed for continuously measuring and controlling outdoor air (OA) intake rates in commercial building heating, ventilating, and air conditioning (HVAC) systems. This project evaluated two new measurement approaches. Laboratory experiments determined that OA flow rates were measurable with errors generally less than 10 percent using electronic air velocity probes installed between OA intake louver blades or at the outlet face of louvers. High accuracy was maintained with OA flow rates as low as 15 percent of the maximum for the louvers. Thus, with this measurement approach HVAC systems do not need separate OA intakes for minimum OA supply. System calibration parameters are required for each unique combination of louver type and velocity sensor location but calibrations are not necessary for each system installation. The research also determined that the accuracy of measuring OA flow rates with velocity probes located in the duct downstream of the intake louver was not improved by installing honeycomb airflow straighteners upstream of the probes. Errors varied with type of upstream louver, were as high as 100 percent, and were often greater than 25 percent. In conclusion, use of electronic air velocity probes between the blades of OA intake louvers or at the outlet face of louvers is a highly promising means of accurately measuring rates of OA flow into HVAC systems. The use of electronic velocity probes downstream of airflow straighteners is less promising, at least with the relatively small OA HVAC inlet systems employed in this research.

  7. Building on existing institutions to perpetuate knowledge of waste repositories

    International Nuclear Information System (INIS)

    Weitzberg, A.

    1982-08-01

    Purpose of this report is to examine the function of several existing institutions and to show how they could be effectively used to transmit information about waste repositories for long times into the future. Scope of this report is limited to a discussion of four institutional approaches to the dissemination and retention of information: Widely distributed maps, the marker system of the National Geodetic Survey, the archiving of documents, and one-call systems designed to protect underground utility installations from inadvertent damage by the public. Each of these approaches is discussed in an independent section that describes the background of the institutional approach, discusses methods for applying it to waste repositories, and assesses its potential value. The sole intent of this report is to present supporting data for future decisions about the kinds of communication measures that should be implemented to advise future generations about the locations and hazards of waste repositories

  8. Energy demand in the Norwegian building stock: Scenarios on potential reduction

    International Nuclear Information System (INIS)

    Sartori, Igor; Wachenfeldt, Bjorn Jensen; Hestnes, Anne Grete

    2009-01-01

    A model has been developed for studying the effect of three hypothetical approaches in reducing electricity and energy demand in the Norwegian building stock: wide diffusion of thermal carriers, heat pumps and conservation measures, respectively. Combinations of these are also considered. The model has a demand side perspective, considers both residential and service sectors, and calculates energy flows from net to delivered energy. Energy demand is given by the product of activity and intensity matrices. The activity levels are defined for the stock and the new construction, renovation and demolition flows. The intensity properties are defined in archetypes, and are the result of different energy class and heating carriers share options. The scenarios are shaped by combining the activity flows with different archetypes. The results show that adopting conservation measures on a large scale does allow reducing both electricity and total energy demand from present day levels while the building stock keeps growing. The results also highlight the importance of making a clear distinction between the assumptions on intensity and activity levels.

  9. Energy demand in the Norwegian building stock. Scenarios on potential reduction

    Energy Technology Data Exchange (ETDEWEB)

    Sartori, Igor; Hestnes, Anne Grete [Department of Architectural Design, History and Technology, Norwegian University of Science and Technology (NTNU), 7491 Trondheim (Norway); Wachenfeldt, Bjoern Jensen [SINTEF Building and Infrastructure, 7465 Trondheim (Norway)

    2009-05-15

    A model has been developed for studying the effect of three hypothetical approaches in reducing electricity and energy demand in the Norwegian building stock: wide diffusion of thermal carriers, heat pumps and conservation measures, respectively. Combinations of these are also considered. The model has a demand side perspective, considers both residential and service sectors, and calculates energy flows from net to delivered energy. Energy demand is given by the product of activity and intensity matrices. The activity levels are defined for the stock and the new construction, renovation and demolition flows. The intensity properties are defined in archetypes, and are the result of different energy class and heating carriers share options. The scenarios are shaped by combining the activity flows with different archetypes. The results show that adopting conservation measures on a large scale does allow reducing both electricity and total energy demand from present day levels while the building stock keeps growing. The results also highlight the importance of making a clear distinction between the assumptions on intensity and activity levels. (author)

  10. Energy demand in the Norwegian building stock: Scenarios on potential reduction

    Energy Technology Data Exchange (ETDEWEB)

    Sartori, Igor [Department of Architectural Design, History and Technology, Norwegian University of Science and Technology (NTNU), 7491 Trondheim (Norway)], E-mail: igor.sartori@sintef.no; Wachenfeldt, Bjorn Jensen [SINTEF Building and Infrastructure, 7465 Trondheim (Norway); Hestnes, Anne Grete [Department of Architectural Design, History and Technology, Norwegian University of Science and Technology (NTNU), 7491 Trondheim (Norway)

    2009-05-15

    A model has been developed for studying the effect of three hypothetical approaches in reducing electricity and energy demand in the Norwegian building stock: wide diffusion of thermal carriers, heat pumps and conservation measures, respectively. Combinations of these are also considered. The model has a demand side perspective, considers both residential and service sectors, and calculates energy flows from net to delivered energy. Energy demand is given by the product of activity and intensity matrices. The activity levels are defined for the stock and the new construction, renovation and demolition flows. The intensity properties are defined in archetypes, and are the result of different energy class and heating carriers share options. The scenarios are shaped by combining the activity flows with different archetypes. The results show that adopting conservation measures on a large scale does allow reducing both electricity and total energy demand from present day levels while the building stock keeps growing. The results also highlight the importance of making a clear distinction between the assumptions on intensity and activity levels.

  11. A Method to Estimate Energy Demand in Existing Buildings Based on the Danish Building and Dwellings Register (BBR)

    DEFF Research Database (Denmark)

    Nielsen, Anker; Bertelsen, Niels Haldor; Wittchen, Kim Bjarne

    2013-01-01

    an energy label. The Danish Building Research Institute has described a method that can be used to estimate the energy demand in buildings specially dwellings. This is based on the information in the Danish Building and Dwelling Register (BBR) and information on building regulations at construction year......The Energy Performance Directive requires energy certifications for buildings. This is implemented in Denmark so that houses that are sold must have an energy performance label based on an evaluation from a visit to the building. The result is that only a small part of the existing houses has...... for the house. The result is an estimate for energy demand in each building with a variation. This makes it possible to make an automatic classification of all buildings. Then it is possible to find houses in need for thermal improvements. This method is tested for single family houses and flats. The paper...

  12. 77 FR 24505 - Hazard Mitigation Assistance for Wind Retrofit Projects for Existing Residential Buildings

    Science.gov (United States)

    2012-04-24

    ...] Hazard Mitigation Assistance for Wind Retrofit Projects for Existing Residential Buildings AGENCY... for Wind Retrofit Projects for Existing Residential Buildings. DATES: Comments must be received by... must include the agency name and docket ID. Regardless of the method used for submitting comments or...

  13. 13 CFR 120.131 - Leasing part of new construction or existing building to another business.

    Science.gov (United States)

    2010-01-01

    ... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false Leasing part of new construction or existing building to another business. 120.131 Section 120.131 Business Credit and Assistance... § 120.131 Leasing part of new construction or existing building to another business. (a) If the SBA...

  14. Sensitivity analysis of the energy demand of existing buildings based on the Danish Building and Dwelling Register (BBR)

    DEFF Research Database (Denmark)

    Nielsen, Anker; Wittchen, Kim Bjarne; Bertelsen, Niels Haldor

    2014-01-01

    performance certificate. The Danish Building Research Institute has described a method that can be applied for estimating the energy demand of dwellings. This is based on the information in the Danish Building and Dwelling Register and requirements in the Danish Building Regulations from the year......The EU Directive on the Energy Performance of Buildings requires that energy certification of buildings should be implemented in Denmark so that houses that are sold or let should have an energy performance certificate. The result is that only a small part of existing houses has an energy...... of construction of the house. The result is an estimate of the energy demand of each building with a variation. This makes it possible to make an automatic classification of all buildings. The paper discusses the uncertainties and makes a sensitivity analysis to find the important parameters. The variations...

  15. Sensitivity analysis of the energy demand of existing buildings based on the Danish Building and Dwelling Register

    DEFF Research Database (Denmark)

    Nielsen, Anker; Wittchen, Kim Bjarne; Bertelsen, Niels Haldor

    2014-01-01

    performance certificate. The Danish Building Research Institute has described a method that can be applied for estimating the energy demand of dwellings. This is based on the information in the Danish Building and Dwelling Register and requirements in the Danish Building Regulations from the year......The EU Directive on the Energy Performance of Buildings requires that energy certification of buildings should be implemented in Denmark so that houses that are sold or let should have an energy performance certificate. The result is that only a small part of existing houses has an energy...... of construction of the house. The result is an estimate of the energy demand of each building with a variation. This makes it possible to make an automatic classification of all buildings. The paper discusses the uncertainties and makes a sensitivity analysis to find the important parameters. The variations...

  16. A measure to manage approach to characterizing the energy impact of residential building stocks

    Directory of Open Access Journals (Sweden)

    Afamia Elnakat

    2016-05-01

    Full Text Available The city of San Antonio is the seventh largest in the United States by population and the second in the state of Texas, with a population of over 1.3 million people. As one of the fastest growing cities, the San Antonio residential real estate market has expanded to meet the demands of the growing population. Managing the energy footprint of single-family houses can be enhanced by big data analysis of combined metered energy consumption and building infrastructure characteristics. This study analyzes the energy intensity of 389,160 single family detached homes and identifies energy utilization trends across various residential building stock size and vintage categories. Supported by the “measure to manage” premise, this study highlights the value of this characterization as a forecasting and planning tool for sustainable growth and a more engaged consumer.

  17. Indoor air quality in the Swedish housing stock and its dependence on building characteristics

    DEFF Research Database (Denmark)

    Langer, Sarka; Bekö, Gabriel

    2013-01-01

    .47h-1). The majority of houses (80%) did not comply with the building code that requires 0.5 air changes per hour. The median concentrations in single-family houses and apartments were 6.0 and 10μg/m3, respectively, for NO2, 22 and 13μg/m3 for formaldehyde, and 236 and 143μg/m3 for TVOC. All......Data from a recent Swedish survey on the status of the housing stock and indoor air quality were placed in the public domain by the Swedish National Board of Housing, Building and Planning in 2011. The available parameters included the year of construction, dwelling location, type of ventilation...

  18. Barriers to installing innovative energy systems in existing housing stock identified

    NARCIS (Netherlands)

    Hoppe, Thomas

    2013-01-01

    Several barriers to upgrading existing social housing with innovative energy systems (IES) have been identified by a study of eight large-scale renovation projects in the Netherlands. These include a lack of trust between stakeholders, opposition from tenants on grounds of increased costs or delays,

  19. SEISMIC EVALUATION OF EXISTING MID-RISE REINFORCED CONCRETE BUILDINGS ACCORDING TO SPECIFICATION FOR BUILDING STRUCTURES TO BE BUILT IN DISASTER AREAS

    Directory of Open Access Journals (Sweden)

    Mehmet İNEL

    2007-01-01

    Full Text Available Over the past several decades, Turkey has been hit by devastating earthquakes and remarkable number of reinforced concrete buildings has been damaged in the high seismicity regions of our country. The aim of this study is to evaluate the seismic performance of the mid-rise reinforced concrete buildings that are major part of building stock of our earthquake-prone country, according to recent Turkish Earthquake Code. 4- and 7-story buildings were selected to represent mid-rise building stock. After determining the structural parameters, each building was subjected to pushover analysis and the capacity curves were obtained. Earthquake performance of each building was determined in the light of their capacity curves according to the recent Turkish Earthquake Code.

  20. Best Practices for HPSB Guiding Principles Implementation in Existing DOE Buildings

    Energy Technology Data Exchange (ETDEWEB)

    Henderson, Jordan W.

    2014-05-06

    The intent of this paper is to document an approach to screening existing buildings at DOE sites for High-Performance and Sustainable Buildings (HPSB) Guiding Principles (GPs) potential, developing policies and programs to address a majority of the HPSB GPs, and how to prioritize buildings with the greatest potential. This paper will also include example strategies for HPSB inventory and projection schedules and best practices on approaching and interpreting select criteria that have been troublesome to sites.

  1. Energy Efficiency Potential in Existing Commercial Buildings: Review of Selected Recent Studies

    Energy Technology Data Exchange (ETDEWEB)

    Belzer, David B.

    2009-04-03

    This report reviews six recent studies (from 2002 through 2006) by states and utilities to assess the energy saving potential in existing commercial buildings. The studies cover all or portions of California, Connecticut, Vermont, Colorado, Illinois, and the Pacific Northwest. The studies clearly reveal that lighting remains the single largest and most cost effective end use that can be reduced to save energy. Overall the study indicated that with existing technologies and costs, a reasonable range of economic savings potential in existing commercial buildings is between 10 and 20 percent of current energy use. While not a focus of the study, an additional conclusion is that implementation of commercial building monitoring and controls would also play an important role in the nation’s efforts to improve energy efficiency of existing buildings.

  2. A proposal for seismic evaluation index of mid-rise existing RC buildings in Afghanistan

    Science.gov (United States)

    Naqi, Ahmad; Saito, Taiki

    2017-10-01

    Mid-rise RC buildings gradually rise in Kabul and entire Afghanistan since 2001 due to rapid increase of population. To protect the safety of resident, Afghan Structure Code was issued in 2012. But the building constructed before 2012 failed to conform the code requirements. In Japan, new sets of rules and law for seismic design of buildings had been issued in 1981 and severe earthquake damage was disclosed for the buildings designed before 1981. Hence, the Standard for Seismic Evaluation of RC Building published in 1977 has been widely used in Japan to evaluate the seismic capacity of existing buildings designed before 1981. Currently similar problem existed in Afghanistan, therefore, this research examined the seismic capacity of six RC buildings which were built before 2012 in Kabul by applying the seismic screening procedure presented by Japanese standard. Among three screening procedures with different capability, the less detailed screening procedure, the first level of screening, is applied. The study founds an average seismic index (IS-average=0.21) of target buildings. Then, the results were compared with those of more accurate seismic evaluation procedures of Capacity Spectrum Method (CSM) and Time History Analysis (THA). The results for CSM and THA show poor seismic performance of target buildings not able to satisfy the safety design limit (1/100) of the maximum story drift. The target buildings are then improved by installing RC shear walls. The seismic indices of these retrofitted buildings were recalculated and the maximum story drifts were analyzed by CSM and THA. The seismic indices and CSM and THA results are compared and found that building with seismic index larger than (IS-average =0.4) are able to satisfy the safety design limit. Finally, to screen and minimize the earthquake damage over the existing buildings, the judgement seismic index (IS-Judgment=0.5) for the first level of screening is proposed.

  3. Model for Determining Geographical Distribution of Heat Saving Potentials in Danish Building Stock

    Directory of Open Access Journals (Sweden)

    Stefan Petrovic

    2014-02-01

    Full Text Available Since the global oil crisis in the 1970s, Denmark has followed a path towards energy independency by continuously improving its energy efficiency and energy conservation. Energy efficiency was mainly tackled by introducing a high number of combined heat and power plants in the system, while energy conservation was predominantly approached by implementing heat saving measures. Today, with the goal of 100% renewable energy within the power and heat sector by the year 2035, reductions in energy demand for space heating and the preparation of domestic hot water remain at the top of the agenda in Denmark. A highly detailed model for determining heat demand, possible heat savings and associated costs in the Danish building stock is presented. Both scheduled and energy-saving renovations until year 2030 have been analyzed. The highly detailed GIS-based heat atlas for Denmark is used as a container for storing data about physical properties for 2.5 million buildings in Denmark. Consequently, the results of the analysis can be represented on a single building level. Under the assumption that buildings with the most profitable heat savings are renovated first, the consequences of heat savings for the economy and energy system have been quantified and geographically referenced. The possibilities for further improvements of the model and the application to other geographical regions have been discussed.

  4. The potential to supply low temperature district heating to existing building area

    DEFF Research Database (Denmark)

    Li, Hongwei; Svendsen, Svend

    2013-01-01

    Low-temperature district heating (LTDH) has the advantages as reduced network heat loss, improved quality match between energy supply and energy demand, and increased utilization of low-grade waste heat and renewable energy. The LTDH represents the next generation district heating (DH) system...... to supply existing building areas which are characterized with high heating demand needs to be examined. In this paper, the DH network deliverable capacity to supply LTDH to an existing building area is studied based on building thermal performance and DH network hydraulic performance simulation....

  5. Federal Existing Buildings Handbook for Net Zero Energy, Water, and Waste

    Energy Technology Data Exchange (ETDEWEB)

    None

    2017-08-14

    In 2015, the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE) defined zero energy buildings as "an energy-efficient building where, on a source energy basis, the actual annual delivered energy is less than or equal to the on-site renewable exported energy." This handbook is focused on applying the EERE definition of zero energy buildings to existing buildings in the federal sector. However, it is not intended to replace, substitute, or modify any statutory or regulatory requirements and mandates.

  6. Issues to Be Solved for Energy Simulation of An Existing Office Building

    Directory of Open Access Journals (Sweden)

    Ki Uhn Ahn

    2016-04-01

    Full Text Available With the increasing focus on low energy buildings and the need to develop sustainable built environments, Building Energy Performance Simulation (BEPS tools have been widely used. However, many issues remain when applying BEPS tools to existing buildings. This paper presents the issues that need to be solved for the application of BEPS tools to an existing office building. The selected building is an office building with 33 stories above ground, six underground levels, and a total floor area of 91,898 m2. The issues to be discussed in this paper are as follows: (1 grey data not ready for simulation; (2 subjective assumptions and judgments on energy modeling; (3 stochastic characteristics of building performance and occupants behavior; (4 verification of model fidelity-comparison of aggregated energy; (5 verification of model fidelity-calibration by trial and error; and (6 use of simulation model for real-time energy management. This study investigates the aforementioned issues and explains the factors that should be considered to address these issues when developing a dynamic simulation model for existing buildings.

  7. Computer aided seismic and fire retrofitting analysis of existing high rise reinforced concrete buildings

    CERN Document Server

    Hussain, Raja Rizwan; Hasan, Saeed

    2016-01-01

    This book details the analysis and design of high rise buildings for gravity and seismic analysis. It provides the knowledge structural engineers need to retrofit existing structures in order to meet safety requirements and better prevent potential damage from such disasters as earthquakes and fires. Coverage includes actual case studies of existing buildings, reviews of current knowledge for damages and their mitigation, protective design technologies, and analytical and computational techniques. This monograph also provides an experimental investigation on the properties of fiber reinforced concrete that consists of natural fibres like coconut coir and also steel fibres that are used for comparison in both Normal Strength Concrete (NSC) and High Strength Concrete (HSC). In addition, the authors examine the use of various repair techniques for damaged high rise buildings. The book will help upcoming structural design engineers learn the computer aided analysis and design of real existing high rise buildings ...

  8. The characteristics and the energy behaviour of the residential building stock of Cyprus in view of Directive 2002/91/EC

    Energy Technology Data Exchange (ETDEWEB)

    Panayiotou, G.P.; Kalogirou, S.A.; Florides, G.A. [Cyprus University of Technology, Department of Mechanical Engineering and Materials Science and Engineering (Cyprus); Maxoulis, C.N. [Cyprus Scientific and Technical Chamber (Cyprus); Papadopoulos, A.M. [Aristotle University of Thessaloniki, Department of Mechanical Engineering (Greece); Neophytou, M.; Fokaides, P.; Georgiou, G. [University of Cyprus, Department of Civil and Environmental Engineering (Cyprus); Symeou, A. [Energy Service, Ministry of Commerce, Industry and Tourism (Cyprus); Georgakis, G. [RTD Talos (Cyprus)

    2010-11-15

    The significance of the residential building sector in terms of energy consumption is well acknowledged. In this view the knowledge of the way the residential building stock of Cyprus behaves in terms of energy consumption is quite valuable since it will assist policy makers to formulate targeted measures aiming the improvement of energy efficiency and setting current legal standards and benchmarks in the energy performance certificate, a requirement of the 2002/91/EC Directive. Unfortunately, the existing knowledge on this subject is quite poor. As a remedy a research project supported by a national research grant is in operation since December 2008. This paper presents the outline, goals and methodology of this research project and the findings regarding the energy behaviour and other characteristics of the residential building stock of Cyprus. From the analysis of the results for 500 residential buildings, it seems that the energy demand and primary energy required is lower than that of other European countries. Moreover, it seems that the age of residential buildings has low correlation with the energy demand while in contrast with other Northern and Central European countries, it is clear that the contribution of cooling energy requirements to the overall energy demand is quite significant. (author)

  9. Model for Determining Geographical Distribution of Heat Saving Potentials in Danish Building Stock

    DEFF Research Database (Denmark)

    Petrovic, Stefan; Karlsson, Kenneth Bernard

    2014-01-01

    Since the global oil crisis in the 1970s, Denmark has followed a path towards energy independency by continuously improving its energy efficiency and energy conservation. Energy efficiency was mainly tackled by introducing a high number of combined heat and power plants in the system, while energy...... conservation was predominantly approached by implementing heat saving measures. Today, with the goal of 100% renewable energy within the power and heat sector by the year 2035, reductions in energy demand for space heating and the preparation of domestic hot water remain at the top of the agenda in Denmark....... A highly detailed model for determining heat demand, possible heat savings and associated costs in the Danish building stock is presented. Both scheduled and energy-saving renovations until year 2030 have been analyzed. The highly detailed GIS-based heat atlas for Denmark is used as a container for storing...

  10. Knowledge inventory for resource efficiency measures in existing buildings; Kunskapsinventering avseende resurseffektiviserande aatgaerder inom befintlig bebyggelse

    Energy Technology Data Exchange (ETDEWEB)

    Jarnehammar, Anna; Kildsgaard, Ivana; Prejer, Erik

    2011-07-01

    The report summarizes the state of knowledge for various renovation measures of apartment buildings built between 1941-1980. The renovation potential is estimated to give half the energy use for heating and hot water. This efficiency improvement is considered possible, but not likely. There are many case studies of individual projects with theoretical calculations of renovation potential for different measures. There are relatively many general studies of the housing stock in general where the potential for various measures have been calculated for the whole of Sweden, but few studies of actual projects completed. Binding minimum requirements related to the Energy Performance of Buildings Directive (EPBD) for buildings for renovation has been introduced in several other countries in the EU which is also found to contribute to more energy-efficient measures introduced in major renovation projects. The key measures that we have found is the introduction of FTX system, renovation of the building envelope as well as individual metering and billing of heating and hot water.

  11. Development of a new energy efficiency rating system for existing residential buildings

    International Nuclear Information System (INIS)

    Koo, Choongwan; Hong, Taehoon; Lee, Minhyun; Seon Park, Hyo

    2014-01-01

    Building energy efficiency rating systems have been established worldwide to systematically manage the energy consumption of existing buildings. This study aimed to develop a new energy efficiency rating system for existing residential buildings from two perspectives: (i) establishment of reasonable and fair criteria for the building energy efficiency rating system; and (ii) establishment of comparative incentive and penalty programs to encourage the voluntary participation of all residents in the energy saving campaign. Based on the analysis of the conventional energy efficiency rating system for existing residential buildings, this study was conducted in five steps: (i) data collection and analysis; (ii) correlation analysis between the household size and the CO 2 emission density (i.e., CO 2 emission per unit area); (iii) cluster formation based on results of the correlation analysis using a decision tree; (iv) establishment of a new energy efficiency rating system for existing buildings; and (v) establishment of incentive and penalty programs using advanced case-based reasoning. The proposed system can allow a policymaker to establish a reasonable and fair energy efficiency rating system for existing residential buildings and can encourage the voluntary participation of all residents in the energy saving campaign. - Highlights: • A new energy efficiency rating system for the residential building was developed. • The incentive and penalty programs were established using an advanced CBR model. • The new system was established using reasonable and fair standards. • It allows all residents to voluntarily participate in the energy saving campaign. • It can be applied to any country or sector in the global environment

  12. Efficient Solutions and Cost-Optimal Analysis for Existing School Buildings

    Directory of Open Access Journals (Sweden)

    Paolo Maria Congedo

    2016-10-01

    Full Text Available The recast of the energy performance of buildings directive (EPBD describes a comparative methodological framework to promote energy efficiency and establish minimum energy performance requirements in buildings at the lowest costs. The aim of the cost-optimal methodology is to foster the achievement of nearly zero energy buildings (nZEBs, the new target for all new buildings by 2020, characterized by a high performance with a low energy requirement almost covered by renewable sources. The paper presents the results of the application of the cost-optimal methodology in two existing buildings located in the Mediterranean area. These buildings are a kindergarten and a nursery school that differ in construction period, materials and systems. Several combinations of measures have been applied to derive cost-effective efficient solutions for retrofitting. The cost-optimal level has been identified for each building and the best performing solutions have been selected considering both a financial and a macroeconomic analysis. The results illustrate the suitability of the methodology to assess cost-optimality and energy efficiency in school building refurbishment. The research shows the variants providing the most cost-effective balance between costs and energy saving. The cost-optimal solution reduces primary energy consumption by 85% and gas emissions by 82%–83% in each reference building.

  13. Stiff Columns as Liquefaction Mitigation Measure for Retrofit of Existing Buildings

    Directory of Open Access Journals (Sweden)

    Zaheer Ahmed Almani

    2012-10-01

    Full Text Available In this paper, ground reinforcement with jet grouted columns under shallow foundations of existing buildings was analysed using numerical modelling. This study is related with ground reinforcement by installing stiff jet grouted columns around the shallow foundations of existing building when the foundation soil is liquefied during an earthquake. The isolated shallow square footing pad supporting a typical simple frame structure was constructed on the reinforced ground with stiff jet grouted column rows at the shallow depth from the ground surface. This soil-structure system was modelled and analyzed as plane-strain using the FLAC (Fast Lagrangian Analysis of Continua 2D dynamic modelling and analysis software. The results showed that liquefaction-induced large settlement of shallow foundation of existing building can be reduced to tolerable limits by applying ground reinforcement with continuous rows vertical jet grouted columns adjacent to footing pad.

  14. From Point Clouds to Building Information Models: 3D Semi-Automatic Reconstruction of Indoors of Existing Buildings

    Directory of Open Access Journals (Sweden)

    Hélène Macher

    2017-10-01

    Full Text Available The creation of as-built Building Information Models requires the acquisition of the as-is state of existing buildings. Laser scanners are widely used to achieve this goal since they permit to collect information about object geometry in form of point clouds and provide a large amount of accurate data in a very fast way and with a high level of details. Unfortunately, the scan-to-BIM (Building Information Model process remains currently largely a manual process which is time consuming and error-prone. In this paper, a semi-automatic approach is presented for the 3D reconstruction of indoors of existing buildings from point clouds. Several segmentations are performed so that point clouds corresponding to grounds, ceilings and walls are extracted. Based on these point clouds, walls and slabs of buildings are reconstructed and described in the IFC format in order to be integrated into BIM software. The assessment of the approach is proposed thanks to two datasets. The evaluation items are the degree of automation, the transferability of the approach and the geometric quality of results of the 3D reconstruction. Additionally, quality indexes are introduced to inspect the results in order to be able to detect potential errors of reconstruction.

  15. Monitoring-based HVAC commissioning of an existing office building for energy efficiency

    International Nuclear Information System (INIS)

    Wang, Liping; Greenberg, Steve; Fiegel, John; Rubalcava, Alma; Earni, Shankar; Pang, Xiufeng; Yin, Rongxin; Woodworth, Spencer; Hernandez-Maldonado, Jorge

    2013-01-01

    Highlights: ► Demonstrated monitoring-based HVAC commissioning using an existing office building. ► Diagnosed various types of faulty operation in the HVAC system by trend data analyses. ► Identified a list of energy saving measures for the HVAC system. ► Quantified energy saving potential for each commissioning measure using calibrated energy simulation model. ► Achieved an actual energy saving of 10% after the implementations of cost-effective measures. -- Abstract: The performance of Heating, Ventilation and Air Conditioning (HVAC) systems may fail to satisfy design expectations due to improper equipment installation, equipment degradation, sensor failures, or incorrect control sequences. Commissioning identifies and implements cost-effective operational and maintenance measures in buildings to bring them up to the design intent or optimum operation. An existing office building is used as a case study to demonstrate the process of commissioning. Building energy benchmarking tools are applied to evaluate the energy performance for screening opportunities at the whole building level. A large natural gas saving potential was indicated by the building benchmarking results. Faulty operations in the HVAC systems, such as improper operations of air-side economizers, simultaneous heating and cooling, and ineffective optimal start, were identified through trend data analyses and functional testing. The energy saving potential for each commissioning measure is quantified with a calibrated building simulation model. An actual energy saving of 10% was realized after the implementations of cost-effective measures.

  16. Economic effects of energy efficiency improvements in the Finnish building stock

    International Nuclear Information System (INIS)

    Tuominen, Pekka; Forsström, Juha; Honkatukia, Juha

    2013-01-01

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

  17. Methodology to characterize a residential building stock using a bottom-up approach: a case study applied to Belgium

    Directory of Open Access Journals (Sweden)

    Samuel Gendebien

    2014-06-01

    Full Text Available In the last ten years, the development and implementation of measures to mitigate climate change have become of major importance. In Europe, the residential sector accounts for 27% of the final energy consumption [1], and therefore contributes significantly to CO2 emissions. Roadmaps towards energy-efficient buildings have been proposed [2]. In such a context, the detailed characterization of residential building stocks in terms of age, type of construction, insulation level, energy vector, and of evolution prospects appears to be a useful contribution to the assessment of the impact of implementation of energy policies. In this work, a methodology to develop a tree-structure characterizing a residential building stock is presented in the frame of a bottom-up approach that aims to model and simulate domestic energy use. The methodology is applied to the Belgian case for the current situation and up to 2030 horizon. The potential applications of the developed tool are outlined.

  18. Predicted carbonation of existing concrete building based on the Indonesian tropical micro-climate

    Science.gov (United States)

    Hilmy, M.; Prabowo, H.

    2018-03-01

    This paper is aimed to predict the carbonation progress based on the previous mathematical model. It shortly explains the nature of carbonation including the processes and effects. Environmental humidity and temperature of the existing concrete building are measured and compared to data from local Meteorological, Climatological, and Geophysical Agency. The data gained are expressed in the form of annual hygrothermal values which will use as the input parameter in carbonation model. The physical properties of the observed building such as its location, dimensions, and structural material used are quantified. These data then utilized as an important input parameter for carbonation coefficients. The relationships between relative humidity and the rate of carbonation established. The results can provide a basis for repair and maintenance of existing concrete buildings and the sake of service life analysis of them.

  19. Operational Planning of Low-Energy District Heating Systems Connected to Existing Buildings

    DEFF Research Database (Denmark)

    Tol, Hakan; Svendsen, Svend

    2012-01-01

    . The response of the radiator heating systems at different levels of supply temperature was used to form the operational planning of the low-energy DH system, which determined the design parameters of the low-energy DH network in terms of overall mass flow requirement and the return temperature from...... the buildings. Since the existing buildings were considered to be renovated to low-energy class, the operational planning was simultaneously modelled for both present high-demand and future low-demand situations of the same case area.......This article focuses on low-energy District Heating (DH) systems operating in low-temperatures such as 55°C in terms of supply and 25°C in terms of return in connection with existing buildings. Since the heat loss from the network has a significant impact in case of supplying heat to low...

  20. Improvement of energy performances of existing buildings by application of solar thermal systems

    Directory of Open Access Journals (Sweden)

    Krstić-Furundžić Aleksandra

    2009-01-01

    Full Text Available Improvement of energy performances of the existing buildings in the suburban settlement Konjarnik in Belgrade, by the application of solar thermal systems is the topic presented in this paper. Hypothetical models of building improvements are created to allow the benefits of applying solar thermal collectors to residential buildings in Belgrade climate conditions to be estimated. This case study presents different design variants of solar thermal collectors integrated into a multifamily building envelope. The following aspects of solar thermal systems integration are analyzed in the paper: energy, architectural, ecological and economic. The results show that in Belgrade climatic conditions significant energy savings and reduction of CO2 emissions can be obtained with the application of solar thermal collectors.

  1. A study on building performance analysis for energy retrofit of existing industrial facilities

    International Nuclear Information System (INIS)

    Gourlis, Georgios; Kovacic, Iva

    2016-01-01

    Highlights: • Thermal simulation of a historical industrial hall with limited data availability. • Considering waste heat from machinery after measuring production fluctuations. • Test of retrofit alternatives for roof and skylights. • Results indicate a significant reduction in heating energy demand up to 52%. • After retrofit naturally ventilated hall can achieve thermal comfort in summer. - Abstract: Due to the strengthening of regulations and codes on building energy performance, as well as with the application of national legislations regarding energy management and efficiency, existing industrial facilities are using thermal refurbishment and renovation as impetus for increasing their overall energy efficiency. This paper analyzes a building envelope refurbishment for a case study of an existing historical industrial facility. Critical parameters affecting energy performance of industrial buildings were identified by reviewing relevant literate. Two retrofit scenarios were developed and dynamic thermal simulation using EnergyPlus was implemented to evaluate the potential for improvement. Thereby the impact of interior loads was considered, determined by measurements conducted on factory machines, occupancy and lighting operation patterns. However, information regarding constructions of the existing facility and installed technical building services is limited. There is also uncertainty in the quantification of natural ventilation air change rate for such buildings. To overcome these limitations a study of various material databases was carried out, in order to assess data for building envelope composition. Input values for missing data were provided based on literature, allowing a fair comparison between refurbishment alternatives. Simulation results showed that the heating demand of the facility could be reduced up to 52%, indicating a significant potential for energy savings. Beyond that, thermal performance against summer overheating also

  2. Energy saving in existing buildings by an intelligent use of interoperable ICTs

    Energy Technology Data Exchange (ETDEWEB)

    Osello, A.; Acquaviva, A.; Aghemo, C.; Blaso, L.; Dalmasso, D.; Erba, D.; Fracastoro, G.; Macii, E.; Patti, E.; Pellegrino, A.; Piumatti, P. [Politecnico di Torino, Torino (Italy); Gondre, D.; Savoyat, J.; Virgone, J. [University Lyon, Lyon (France); Jahn, M.; Pramudianto, F. [Fraunhofer Institute for Applied Information Technology FIT, Sankt Augustin (Germany); Spirito, M.; Tomasi, R. [Istituto Superiore Mario Boella (ISMB), Torino (Italy)

    2013-11-15

    In this paper, we report a methodology, developed in the context of Smart Energy Efficient Middleware for Public Spaces European Project, aimed at exploiting ICT monitoring and control services to reduce energy usage and CO2 footprint in existing buildings. The approach does not require significant construction work as it is based on commercial-off-the-shelf devices and, where present, it exploits and integrates existing building management systems with new sensors and actuator networks. To make this possible, the proposed approach leverages upon the following main contributions: (a) to develop an integrated building automation and control system, (b) to implement a middleware for the energy-efficient buildings domain, (c) to provide a multi-dimensional building information modelling-based visualisation, and (d) to raise people's awareness about energy efficiency. The research approach adopted in the project started with the selection, as case studies, of representative test and reference rooms in modern and historical buildings chosen for having different requirements and constraints in term of sensing and control technologies. Then, according to the features of the selected rooms, the strategies to reduce the energy consumptions were defined, taking into account the potential savings related to lighting, heating, ventilation, and air conditioning (HVAC) systems and other device loads (PC, printers, etc.). The strategies include both the control of building services and devices and the monitoring of environmental conditions and energy consumption. In the paper, the energy savings estimated through simulation, for both HVAC and lighting, are presented to highlight the potential of the designed system. After the implementation of the system in the demonstrator, results will be compared with the monitored data.

  3. Decreasing of energy consumption for space heating in existing residential buildings

    International Nuclear Information System (INIS)

    Stamov, S.; Zlateva, M.; Gechkov, N.

    2000-01-01

    An analysis is for the technical possibilities for reducing the energy consumption in existing buildings by means of the heat control and measurement. The basic performances of the heat capacity control methods, of the hierarchy structure of the control and of the heat measurement technologies are presented. This paper also presents the results from the long-term investigation of energy consumption for heating. The results area consist of three typical and uniform buildings in the city of Kazanlak (Bulgaria). The outcome of the investigation provides a valuable basis for future decisions to be made concerning reconstruction of heating installations and enables the results to be transferred. (Authors)

  4. Mark Stock | NREL

    Science.gov (United States)

    Stock Mark Stock Scientific Visualization Specialist Mark.Stock@nrel.gov | 303-275-4174 Dr. Stock , virtual reality, parallel computing, and manipulation of large spatial data sets. As an artist, he creates . Stock built the SUNLIGHT artwork that is installed on the Webb Building in downtown Denver. In addition

  5. Evaluation of existing Hanford buildings for the storage of solid wastes

    International Nuclear Information System (INIS)

    Carlson, M.C.; Hodgson, R.D.; Sabin, J.C.

    1993-05-01

    Existing storage space at the Hanford Site for solid low-level mixed waste (LLMW) will be filled up by 1997. Westinghouse Hanford Company (WHC) has initiated the project funding cycle for additional storage space to assure that new facilities are available when needed. In the course of considering the funding request, the US Department of Energy (DOE) has asked WHC to identify and review any existing Hanford Site facilities that could be modified and used as an alternative to constructing the proposed W-112 Project. This report documents the results of that review. In summary, no buildings exist at the Hanford Site that can be utilized for storage of solid LLMW on a cost-effective basis when compared to new construction. The nearest approach to an economically sensible conversion would involve upgrade of 100,000 ft 2 of space in the 2101-M Building in the 200 East Area. Here, modified storage space is estimated to cost about $106 per ft 2 while new construction will cost about $50 per ft 2 . Construction costs for the waste storage portion of the W-112 Project are comparable with W-016 Project actual costs, with escalation considered. Details of the cost evaluation for this building and for other selected candidate facilities are presented in this report. All comparisons presented address the potential decontamination and decommissioning (D ampersand D) cost avoidances realized by using existing facilities

  6. Heating and cooling energy demand and related emissions of the German residential building stock under climate change

    International Nuclear Information System (INIS)

    Olonscheck, Mady; Holsten, Anne; Kropp, Juergen P.

    2011-01-01

    The housing sector is a major consumer of energy. Studies on the future energy demand under climate change which also take into account future changes of the building stock, renovation measures and heating systems are still lacking. We provide the first analysis of the combined effect of these four influencing factors on the future energy demand for room conditioning of residential buildings and resulting greenhouse gas (GHG) emissions in Germany until 2060. We show that the heating energy demand will decrease substantially in the future. This shift will mainly depend on the number of renovated buildings and climate change scenarios and only slightly on demographic changes. The future cooling energy demand will remain low in the future unless the amount of air conditioners strongly increases. As a strong change in the German energy mix is not expected, the future GHG emissions caused by heating will mainly depend on the energy demand for future heating. - Highlights: → The future heating energy demand of German residential buildings strongly decreases. → Extent of these changes mainly depends on the number of renovated buildings. → Demographic changes will only play a minor role. → Cooling energy demand will remain low in future but with large insecurities. → Germany's 2050 emission targets for the building stock are ambitious.

  7. Demand management through centralized control system using power line communication for existing buildings

    International Nuclear Information System (INIS)

    Al-Mulla, A.; ElSherbini, A.

    2014-01-01

    Highlights: • A pilot system was developed for demand management of equipment in buildings. • The networking was based on LonWorks platform and power line communication. • Demand strategies led to load reductions up to 74% and energy savings up to 25%. • The peak load reduction is expected to reach 3.44 GW by the year 2030. - Abstract: Managing peak demand efficiently is vital for maintaining uninterrupted supply of electrical power by utility providers. In this work, a pilot system was developed for managing and controlling the demand of major power consuming equipment in buildings from a central server, while relying mostly on existing infrastructure and maintaining consumer comfort. The system was successfully demonstrated on a selected group of buildings using the LonWorks networking platform. At the building level, the system utilized power line and twisted pair communication to control the thermostats of air-conditioning (A/C) units. The higher level communication was executed through extensible markup language (XML) and simple object access protocol (SOAP). The system provided control capabilities based on A/C unit priority, thermostat temperature, building type and geographic location. The development and execution of demand management strategies for selected buildings led to peak load reductions up to 74%, in addition to energy savings up to 25%. Implementing such a system at a national level in Kuwait is estimated to reduce peak demand by 3.44 GW, amounting to capital savings of $4.13 billion. The use of existing infrastructure reduced the cost and installation time of the system. Based on the successful testing of this pilot system, a larger-scale system is being developed

  8. Market influence on the low carbon energy refurbishment of existing multi-residential buildings

    International Nuclear Information System (INIS)

    Atkinson, Jonathan G.B.; Jackson, Tim; Mullings-Smith, Elizabeth

    2009-01-01

    This paper explores the relationship between the energy market; the political and regulatory context; and energy design decisions for existing multi-residential buildings, to determine what form the energy market landscape would take if tailored to encourage low carbon solutions. The links between market dynamics, Government strategies, and building designs are mapped to understand the steps that achieve carbon reduction from building operation. This is achieved using a model that takes financial and energy components with market and design variables to provide net present cost and annual carbon outputs. The financial component applies discounted cash flow analysis over the building lifespan, with discount rates reflecting contractual characteristics; the carbon component uses Standard Assessment Procedure (SAP) 2005. A scenario approach is adopted to test alternative strategies selected to encourage low carbon solutions in two residential and two office designs. The results show that the forward assumption of energy price escalation is the most influential factor on energy investment, together with the expected differentiation between the escalation of gas and electricity prices. Using this, and other influencing factors, the research reveals trends and strategies that will achieve mainstream application of energy efficiency and microgeneration technologies, and reduce carbon emissions in the existing multi-residential sector.

  9. Estimation of the behavior factor of existing RC-MRF buildings

    Science.gov (United States)

    Vona, Marco; Mastroberti, Monica

    2018-01-01

    In recent years, several research groups have studied a new generation of analysis methods for seismic response assessment of existing buildings. Nevertheless, many important developments are still needed in order to define more reliable and effective assessment procedures. Moreover, regarding existing buildings, it should be highlighted that due to the low knowledge level, the linear elastic analysis is the only analysis method allowed. The same codes (such as NTC2008, EC8) consider the linear dynamic analysis with behavior factor as the reference method for the evaluation of seismic demand. This type of analysis is based on a linear-elastic structural model subject to a design spectrum, obtained by reducing the elastic spectrum through a behavior factor. The behavior factor (reduction factor or q factor in some codes) is used to reduce the elastic spectrum ordinate or the forces obtained from a linear analysis in order to take into account the non-linear structural capacities. The behavior factors should be defined based on several parameters that influence the seismic nonlinear capacity, such as mechanical materials characteristics, structural system, irregularity and design procedures. In practical applications, there is still an evident lack of detailed rules and accurate behavior factor values adequate for existing buildings. In this work, some investigations of the seismic capacity of the main existing RC-MRF building types have been carried out. In order to make a correct evaluation of the seismic force demand, actual behavior factor values coherent with force based seismic safety assessment procedure have been proposed and compared with the values reported in the Italian seismic code, NTC08.

  10. Upgrading the seismic capacity of existing RC buildings using buckling restrained braces

    Directory of Open Access Journals (Sweden)

    Hamdy Abou-Elfath

    2017-06-01

    Full Text Available Many existing RC buildings do not meet the lateral strength requirements of current seismic codes and are vulnerable to significant damage or collapse in the event of future earthquakes. In the past few decades, buckling-restrained braces have become increasingly popular as a lateral force resisting system because of their capability of improving the strength, the stiffness and the energy absorbing capacity of structures. This study evaluates the seismic upgrading of a 6-story RC-building using single diagonal buckling restrained braces. Seismic evaluation in this study has been carried out by static pushover analysis and time history earthquake analysis. Ten ground motions with different PGA levels are used in the analysis. The mean plus one standard deviation values of the roof-drift ratio, the maximum story drift ratio, the brace ductility factors and the member strain responses are used as the basis for the seismic performance evaluations. The results obtained in this study indicate that strengthening of RC buildings with buckling restrained braces is an efficient technique as it significantly increases the PGA capacity of the RC buildings. The results also indicate the increase in the PGA capacity of the RC building with the increase in the amount of the braces.

  11. The Application of Buckling Reinforced Bracing and Shear Wall in Retrofitting of Existing Concrete Building

    Directory of Open Access Journals (Sweden)

    Mahdi Izadi

    2015-06-01

    Full Text Available Vulnerable buildings and their rehabilitation are important problems for earthquake regions. In recent decades the goal of building rehabilitation and strengthening has gained different rehabilitation systems. However, most of these strengthening techniques disturb the occupants, who must vacate the building during renovation. Several retrofitting techniques such as addition masonry infill wall, application of buckling restrained braces and local modification of components has been studied in order to improve the overall seismic performance of such buildings. In response to many of the practical issues and economic considerations, engineers use often convergent unbuckling steel bracing frames as the lateral load resisting system during an earthquake.This kind of bracings increases the hardness and strength of concrete structures.The aim of the present study is the evaluation and comparison of seismic performance and retrofitting of an existing 7-storeys concrete structure with buckling restrained bracings and shear walls by nonlinear static procedure (NSP and accordance with cod-361. The results show that the buckling restrained bracing, decreased drift to acceptable levels and Structure behaves on the life safety of performance level.

  12. Life-Cycle Assessment of Seismic Retrofit Strategies Applied to Existing Building Structures

    Directory of Open Access Journals (Sweden)

    Umberto Vitiello

    2016-12-01

    Full Text Available In the last few years, the renovation and refurbishment of existing buildings have become the main activities of the construction industry. In particular, many studies have recently focused on the mechanical and energy performances of existing retrofitted/refurbished facilities, while some research has addressed the environmental effects of such operations. The present study aims to assess the environmental impact of some retrofit interventions on an existing reinforced concrete (RC building. Once the structural requirements have been satisfied and the environmental effects of these retrofit solutions defined, the final purpose of this study is to identify the most environmentally sustainable retrofit strategy. The environmental impact of the structural retrofit options is assessed using a life-cycle assessment (LCA. This paper sets out a systematic approach that can be adopted when choosing the best structural retrofit option in terms of sustainability performance. The final aim of the study is to also provide a tool for researchers and practitioners that reflects a deep understanding of the sustainability aspects of retrofit operations and can be used for future researches or practical activities.

  13. A brief comparison of existing regional green building design standards in China

    Science.gov (United States)

    Wang, J.; Liu, Y.; Ren, J.; Cho, S.

    2017-03-01

    A large country with a variety of regional natural, cultural and economic conditions, China has established a number of green building design (GBD) standards both at national and regional (provincial and municipal) levels. Some researches have been conducted to review and compare such standards. The main aim was to provide valuable references for the establishment of new regionally specific GBD standards in different regions of the country. This paper introduces the preliminary results of the researches. The distribution, frameworks and content of the existing regional GBD standards are introduced and compared in relating to the regionally specific climate, resource, economic and cultural conditions. Conclusions are provided and further researches are recommended.

  14. Building

    OpenAIRE

    Seavy, Ryan

    2014-01-01

    Building for concrete is temporary. The building of wood and steel stands against the concrete to give form and then gives way, leaving a trace of its existence behind. Concrete is not a building material. One does not build with concrete. One builds for concrete. MARCH

  15. Alternative for Summer Use of Solar Air Heaters in Existing Buildings

    Directory of Open Access Journals (Sweden)

    Sergio L. González-González

    2017-07-01

    Full Text Available Among solar thermal technologies for indoor heating, solar air heaters (SAH are appealing for implementation on existing buildings due to their simplicity, fewer risks related to the working fluid, and possible independence from the building structure. However, existing research work mainly focuses on winter use and still fails in providing effective solutions for yearly operation, which would enhance their interest. With the aim of analysing an alternative summer use, this work firstly characterises a double channel-single pass solar air collector through experimentation. From the obtained results, modelling and simulation tasks have been conducted to evaluate the possibilities of using hot air, provided by the SAH, while operating under summer conditions within a closed loop, to feed an air-to-water heat exchanger for domestic hot water (DHW production. The system is studied through simulation under two different configurations for a case study in Valladolid (Spain, during the period from May to September for different airflows in the closed loop. Results show that daily savings can vary from 27% to 85% among the different operating conditions; a configuration where make-up water is fed to the heat exchanger being preferable, with a dedicated water tank for the solar heated water storage of the minimum possible volume. The more favourable results for the harshest months highlight the interest of extending the use of the solar air heaters to the summer period.

  16. Rapid energy modeling for existing buildings: Testing the business and environmental potential through an experiment at Autodesk

    Energy Technology Data Exchange (ETDEWEB)

    Deodhar, Aniruddha; Stewart, Emma; Young, Rahul; Khan, Haider

    2010-09-15

    Retrofits of existing buildings represent a huge, growing market and an opportunity to achieve some of the most sizable and cost-effective carbon reductions in any sector of the economy. More 'zero energy' and 'carbon neutral' buildings are being conceived daily by combining energy efficiency measures with renewable energy technologies. However, for all the progress, the building industry faces technical and cost challenges in identifying the highest potential retrofit candidates. This presentation investigates one potential solution, a technology driven workflow called rapid energy modeling, to accelerate and scale the process of analyzing performance for existing buildings in prioritizing improvements.

  17. Building America Case Study: Selecting Ventilation Systems for Existing Homes (Fact Sheet)

    Energy Technology Data Exchange (ETDEWEB)

    2014-12-01

    This document addresses adding -or improving - mechanical ventilation systems to existing homes. The purpose of ventilation is to remove contaminants from homes, and this report discusses where, when, and how much ventilation is appropriate in a home, including some discussion of relevant codes and standards. Advantages, disadvantages, and approximate costs of various system types are presented along with general guidelines for implementing the systems in homes. CARB intends for this document to be useful to decision makers and contractors implementing ventilation systems in homes. Choosing the "best" system is not always straightforward; selecting a system involves balancing performance, efficiency, cost, required maintenance, and several other factors. It is the intent of this document to assist contractors in making more informed decisions when selecting systems. Ventilation is an integral part of a high-performance home. With more air-sealed envelopes, a mechanical means of removing contaminants is critical for indoor environmental quality and building durability.

  18. How to simulate pedestrian behaviors in seismic evacuation for vulnerability reduction of existing buildings

    Science.gov (United States)

    Quagliarini, Enrico; Bernardini, Gabriele; D'Orazio, Marco

    2017-07-01

    Understanding and representing how individuals behave in earthquake emergencies would be essentially to assess the impact of vulnerability reduction strategies on existing buildings in seismic areas. In fact, interactions between individuals and the scenario (modified by the earthquake occurrence) are really important in order to understand the possible additional risks for people, especially during the evacuation phase. The current approach is based on "qualitative" aspects, in order to define best practice guidelines for Civil Protection and populations. On the contrary, a "quantitative" description of human response and evacuation motion in similar conditions is urgently needed. Hence, this work defines the rules for pedestrians' earthquake evacuation in urban scenarios, by taking advantages of previous results of real-world evacuation analyses. In particular, motion laws for pedestrians is defined by modifying the Social Force model equation. The proposed model could be used for evaluating individuals' evacuation process and so for defining operative strategies for interferences reduction in critical urban fabric parts (e.g.: interventions on particular buildings, evacuation strategies definition, city parts projects).

  19. Improving the Energy Performance in Existing Non-residential Buildings in Denmark Using the Total Concept Method

    DEFF Research Database (Denmark)

    Krawczyk, Pawel; Afshari, Alireza; Simonsen, Graves K.

    2016-01-01

    This project is a part of a joint European research project, “Total Concept”, which is a method for improving the energy performance in existing non-Residential buildings. The method focuses on achieving maximum energy savings in a Building within the profitability frames set by a building owner...... was to form a package of measures for an energy performance improvement in the building based on the Total Concept method. This paper presents results from recently analyzed data on two renovated Danish buildings according to the rules of “Total Concept” method. According to the estimation done based...

  20. Energetic Refurbishment of Historic Brick Buildings

    DEFF Research Database (Denmark)

    Zagorskas, Jurgis; Mykolas Paliulis, Grazvydas; Burinskiene, Marija

    2013-01-01

    Building standards for energy effectiveness are increasing constantly and the market follows these changes by constructing new buildings in accordance with standards and refurbishment of the existing housing stock. Comprehensive trends in European construction market show tremendous increase...

  1. Study on post occupancy evaluation after remodeling in accordance with the `green remodeling certification standards of existing non-residential buildings'- Focusing on the case of H building

    Science.gov (United States)

    Cho, Kyungjoo; Cho, Dongwoo; Yoon, Yosun

    2018-06-01

    South Korea has adopted the Paris Convention and promised to reduce greenhouse gas emissions by 37% from business-as-usual (BAU) levels in the `First Basic Plan to Respond to Climate Change'. The reduction goal of greenhouse gas cannot be achieved considering only new buildings; the analysis results shows that the reduction of greenhouse gas emissions from existing buildings is essential. `The Green Remodeling Certification Standards', established in South Korea in 2016, is in line with the above plan. The post-occupancy evaluation (POE) of remodeled buildings after applying the `Green Remodeling Certification Standards of Existing Buildings' must be studied for expansion of this scheme. The study results are expected to be used as foundational data for the promotion of remodeling existing buildings.

  2. Energy conservation in existing office buildings. Appendices to report, Phase I, Volume 2

    Energy Technology Data Exchange (ETDEWEB)

    1977-06-01

    A blank form of Questionnaire No. 1 is first presented, followed by data compiled from that questionnaire. Then data are presented on the analyses of the 436 buildings, statistical validation for selection of the 44 building sample, and some examples of the matching buildings for the 44 building sample. Questionnaire No. 2 is then given, followed by additional data collected from the study concerning energy consumption and building characteristics. To complete the appendices, a simulation of a typical building and a hypothetical building is included. (MCW)

  3. Evaluation of financial aspects and energy performance indicators of residential building stock in the Netherlands

    NARCIS (Netherlands)

    Entrop, Alexis Gerardus; Reinders, Angelina H.M.E.; Brouwers, Jos; Kenneweg, H.; Tröger, U.

    2007-01-01

    The introduction of the concept of sustainable building in the construction industry has led to different measures to reduce the environmental impact of building objects in the past decades. Because the built environment accounts for more than 40% of the total energy consumption in Europe (EC,

  4. Expert Meeting Report: Transforming Existing Buildings through New Media - An Idea Exchange

    Energy Technology Data Exchange (ETDEWEB)

    Hunt, Stacy [Building Media and the Building America Retrofit Alliance (BARA), Wilmington, DE (United States)

    2012-05-01

    This report describes results of a Building America expert meeting on September 13, 2011, in Las Vegas, Nevada, hosted by the Building America Retrofit Alliance (BARA). This meeting provided a forum for presentations and discussions on the use of new media to work with remodelers and retrofit projects to improve energy efficiency and deliver research results from the Building America program to remodelers.

  5. Expert Meeting Report: Transforming Existing Buildings through New Media--An Idea Exchange

    Energy Technology Data Exchange (ETDEWEB)

    Hunt, S.

    2012-05-01

    This report describes results of a Building America expert meeting on September 13, 2011, in Las Vegas, Nevada, hosted by the Building America Retrofit Alliance (BARA). This meeting provided a forum for presentations and discussions on the use of new media to work with remodelers and retrofit projects to improve energy efficiency and deliver research results from the Building America program to remodelers.

  6. Upgrading of the non-residential building stock towards nZEB standard

    DEFF Research Database (Denmark)

    Haavik, Trond; Helgesen, Paul Jacob; Rose, Jørgen

    the Net Zero Energy Building standards NZEB in a sustainable and cost efficient way; ways to identify important market and policy issues; and effective marketing strategies for such renovations. This report describes the work of Subtask B, which covers market and policy issues and marketing strategies...... aware that such savings are possible, they tend to set less ambitious targets. Buildings that are renovated to mediocre performance can be a lost opportunity for decades. The objectives of IEA SHC Task 47 are to develop a solid knowledge-base including: how to renovate non-residential buildings towards...

  7. Integration of PV modules in existing Romanian buildings from rural areas

    Energy Technology Data Exchange (ETDEWEB)

    Fara, S.; Finta, D. [IPA SA Research Development, Engineering and Manufacturing for Automation Equipment and Systems, Bucharest (Romania); Fara, L.; Comaneci, D. [Polytechnic Univ. of Bucharest (Romania); Dabija, A.M. [Univ. of Architecture and Urbanism Ion Mincu, Bucharest (Romania); Tulcan-Paulescu, E. [West Univ. of Timisoara, Timisoara (Romania)

    2010-07-01

    Romania has launched a national research project to promote the use of distributed solar architecture and the use of BIPV systems. These systems include solar tunnels and active solar photovoltaic (PV) systems installed on the roofs and facades of buildings in rural areas. In contrast to other EU states, Romania does not have a photovoltaic building construction branch. The number of isolated cases are insufficient to identify a starting point regarding the PV market in the building industry. The main objective of the project is to demonstrate the efficiency of integrating various PV elements in buildings from rural areas, to test them and to make them known so that they can be used on a large scale. This will be accomplished by installing new products on 2 buildings in Bucharest and in 1 building in Timisoara. The PV modules will be integrated with the architecture. One of the buildings will be a historical building while the other 2 will be new buildings with different typologies. The installed power for each building will be of about 1.000 Wp, including some technologies with PV modules.

  8. The role of an exergy-based building stock model for exploration of future decarbonisation scenarios and policy making

    International Nuclear Information System (INIS)

    García Kerdan, Iván; Raslan, Rokia; Ruyssevelt, Paul; Morillón Gálvez, David

    2017-01-01

    State-of-the-art research suggests that energy systems are best evaluated using exergy analysis, as exergy represents the real value of an energy source, demonstrating it to be the only rational basis for evaluation. After discovering the lack of thermodynamic integration into stock modelling, this paper presents the development of an exergy-based building stock model. The aim of this paper is twofold. Firstly, to investigate the impact of large-scale future energy retrofit scenarios in the English and Welsh (E&W) non-domestic sector, and secondly, to determine the potential of exergy analysis in improving sectoral efficiency and its potential implications on exergy-oriented policy making. The research explores seven different large-scale future retrofit scenarios that encompass typical, low-carbon, and low-exergy approaches. Modelling results show that by 2050, current regulations have the potential to reduce carbon emissions by up to 49.0±2.9% and increasing sector thermodynamic efficiency from 10.7% to 13.7%. On the other hand, a low-exergy oriented scenario based on renewable electricity and heat pumps is able to reduce carbon emissions by 88.2±2.4%, achieving a sectoral exergy efficiency of 19.8%. This modelling framework can provide energy policy makers with new insights on policy options based on exergy indicators and the assessment of their potential impact. - Highlights: • A bottom-up exergy-based model was developed to analyse the UK non-domestic sector. • Different low-carbon and low-exergy large-scale retrofit scenarios were assessed. • The UK non-domestic sector as a whole has an exergy efficiency of 10.7±4.06%. • Exergy-based retrofits could reduce sectoral carbon emissions by 88±2.4% for 2050. • Exergy oriented policies are required to obtain a sustainable building sector.

  9. Assessment of Seismic Damage on The Exist Buildings Using Fuzzy Logic

    Science.gov (United States)

    Pınar, USTA; Nihat, MOROVA; EVCİ, Ahmet; ERGÜN, Serap

    2018-01-01

    Earthquake as a natural disaster could damage the lives of many people and buildings all over the world. These is micvulnerability of the buildings needs to be evaluated. Accurate evaluation of damage sustained by buildings during natural disaster events is critical to determine the buildings safety and their suitability for future occupancy. The earthquake is one of the disasters that structures face the most. There fore, there is a need to evaluate seismic damage and vulnerability of the buildings to protect them. These days fuzzy systems have been widely used in different fields of science because of its simpli city and efficiency. Fuzzy logic provides a suitable framework for reasoning, deduction, and decision making in fuzzy conditions. In this paper, studies on earthquake hazard evaluation of buildings by fuzzy logic modeling concepts in the literature have been investigated and evaluated, as a whole.

  10. INFLUENCE OF PIT WALL ANCHORAGE ONTO ADDITIONAL DEFORMATIONS OF EXISTING BUILDINGS

    Directory of Open Access Journals (Sweden)

    Kubetskiy Valeriy Leonidovich

    2012-07-01

    Assessment of additional projected deformations of buildings located in close proximity to pits is exemplified by the specific structure of the pit support system that has active PIT [1] anchors. The authors also consider the influence produced by the structure of anchors onto the two buildings located within the area of influence of the excavation works and protected by the anchors installed underneath the foundations of the two adjacent buildings.

  11. Development of methods for assessing the vulnerability of Australian residential building stock to severe wind

    International Nuclear Information System (INIS)

    Wehner, Martin; Sandland, Carl; Edwards, Mark; Ginger, John; Holmes, John

    2010-01-01

    Knowledge of the degree of damage to residential structures expected from severe wind is used to study the benefits from adaptation strategies developed in response to expected changes in wind severity due to climate change. This study will inform government, the insurance industry and provide emergency services with estimates of expected damage. A series of heuristic wind vulnerability curves for Australian residential structures has been developed. In order to provide rigor to the heuristic curves and to enable quantitative assessment to be made of adaptation strategies, work has commenced to produce a simulation tool to quantitatively assess damage to buildings from severe wind. The simulation tool accounts for variability in wind profile, shielding, structural strength, pressure coefficients, building orientation, component self weights, debris damage and water ingress via a Monte Carlo approach. The software takes a component-based approach to modelling building vulnerability. It is based on the premise that overall building damage is strongly related to the failure of key components (i.e. connections). If these failures can be ascertained, and associated damage from debris and water penetration reliably estimated, scenarios of complete building damage can be assessed. This approach has been developed with varying degrees of rigor by researchers around the world and is best practice for the insurance industry.

  12. Façade system for existing office buildings in Copenhagen

    DEFF Research Database (Denmark)

    Hannoudi, Loay Akram; Christensen, Jørgen Erik; Lauring, Michael

    2015-01-01

    This study investigates solutions for facade renovation of general office buildings built between 1960 and 1980 in the Copenhagen Municipality. 44 buildings are used for the study. They share common structural and construction principles like the use of beams and columns and prefabricated elements...

  13. Mobilisation of the potential for the renewal of energy systems in existing buildings; Mobilisierung der energetischen Erneuerungspotenziale im Wohnbaubestand

    Energy Technology Data Exchange (ETDEWEB)

    Ott, W.; Baur, M.; Kaufmann, Y. [econcept AG, Zuerich (Switzerland); Jakob, M.; Ott, A. [Centre for Energy Policy and Economics (CEPE), ETH Zuerich, Zuerich (Switzerland)

    2005-07-01

    This comprehensive report for the Swiss Federal Office of Energy (SFOE) summarises the findings of an energy-policy project that looked into the potential for the renewal of energy systems in existing buildings. The report presents an analysis of the situation as far as buildings, their ownership and the development of renovation work is concerned. Also, the results of a survey made under the owners of buildings and managers of real estate with respect to building renovation aspects are presented and discussed. Further, an analysis of problems arising from deficits in the renewal of energy-relevant components is provided and background and motivation for the renewal of buildings are looked at. Also, economic aspects and sustainability issues are considered. A further chapter covers strategies and measures that can be used to mobilise the renewal potential, including legislature and labelling systems.

  14. ENERGY DEMANDS OF THE EXISTING COLLECTIVE BUILDINGS WITH BEARING STRUCTURE OF LARGE PRECAST CONCRETE PANELS FROM TIMISOARA

    Directory of Open Access Journals (Sweden)

    Pescari S.

    2015-05-01

    Full Text Available One of the targets of EU Directives on the energy performance of buildings is to reduce the energy consumption of the existing buildings by finding efficient solutions for thermal rehabilitation. In order to find the adequate solutions, the first step is to establish the current state of the buildings and to determine their actual energy consumption. The current paper aims to present the energy demands of the existing buildings with bearing structure of large precast concrete panels in the city of Timisoara. Timisoara is one of the most important cities in the west side of Romania, being on the third place in terms of size and economic development. The Census of Population and Housing of 2011 states that Timisoara has about 127841 private dwellings and 60 percent of them are collective buildings. Energy demand values of the existing buildings with bearing structure of large precast concrete panels in Timisoara, in their current condition, are higher than the accepted values provided in the Romanian normative, C107. The difference between these two values can reach up to 300 percent.

  15. Low-energy office buildings using existing technology. Simulations with low internal heat gains

    Energy Technology Data Exchange (ETDEWEB)

    Flodberg, Kajsa; Blomsterberg, Aake; Dubois, Marie-Claude [Lund Univ. (Sweden). Div. of Energy and Building Design

    2012-11-01

    Although low-energy and nearly zero-energy residential houses have been built in Sweden in the past decade, there are very few examples of low-energy office buildings. This paper investigates the design features affecting energy use in office buildings and suggests the optimal low-energy design from a Swedish perspective. Dynamic simulations have been carried out with IDA ICE 4 on a typical narrow office building with perimeter cell rooms. The results from the parametric study reveal that the most important design features for energy saving are demand-controlled ventilation as well as limited glazing on the facade. Further energy-saving features are efficient lighting and office equipment which strongly reduce user-related electricity and cooling energy. Together, the simulation results suggest that about 48% energy can be saved compared to a new office building built according to the Swedish building code. Thus, it is possible, using a combination of simple and well-known building technologies and configurations, to have very low energy use in new office buildings. If renewable energy sources, such as solar energy and wind power, are added, there is a potential for the annual energy production to exceed the annual energy consumption and a net zero-energy building can be reached. One aspect of the results concerns user-related electricity, which becomes a major energy post in very low-energy offices and which is rarely regulated in building codes today. This results not only in high electricity use, but also in large internal heat gains and unnecessary high cooling loads given the high latitude and cold climate. (orig.)

  16. Building Energy Simulation Test for Existing Homes (BESTEST-EX); Phase 1 Test Procedure: Building Thermal Fabric Cases

    Energy Technology Data Exchange (ETDEWEB)

    Judkoff, Ron [National Renewable Energy Lab. (NREL), Golden, CO (United States; Polly, Ben [National Renewable Energy Lab. (NREL), Golden, CO (United States; Bianchi, Marcus [National Renewable Energy Lab. (NREL), Golden, CO (United States; Neymark, Joel [J. Neymark & Associates, Golden, CO (United States)

    2010-08-01

    This report documents the initial Phase 1 test process for testing the reliability of software models that predict retrofit energy savings of existing homes, including their associated calibration methods.

  17. Towards a More Sustainable Building Stock: Optimizing a Flemish Dwelling Using a Life Cycle Approach

    Directory of Open Access Journals (Sweden)

    Matthias Buyle

    2015-05-01

    Full Text Available Over the past decades, the construction sector has focused strongly on reducing operational energy consumption. Other types of environmental impact that occur during the life span of construction works, however, have to be taken into account as well. This case study focuses on developing scenarios to improve the environmental profile of new buildings in the Flemish/Belgian context. The study takes into account current energy regulation and investigates the influence of energy scenarios and building type on the environmental profile. A life cycle energy assessment (LCEA and a life cycle impact assessment (LCIA were carried out for all scenarios, supplemented by a screening life cycle costing (LCC. The results indicate the importance of the compactness of a building, with the best results identified for the terraced scenario. The results are due to the reduced use of materials and, to a smaller extent, a reduction in energy consumption (smaller exposed surface. The results of the energy scenarios show a discrepancy between the LCEA and LCIA. According to the LCEA, passive scenarios are always preferable, but the LCIA results suggest two ways to reach a similar environmental profile. Firstly, by providing a level of insulation based on current regulations complemented with advanced technical services, and, alternatively, by increasing the level of insulation along with standard services. The results of the LCC show a similar trend to those of the LCIA. The results therefore suggest that there are multiple ways to improve the environmental profile of new buildings. Nevertheless, the choice of impact assessment method can have a strong influence on the results.

  18. Seismic assessment of existing RC buildings under alternative ground motion ensembles compatible to EC8 and NTC 2008

    NARCIS (Netherlands)

    Tanganelli, Marco; Viti, Stefania; Mariani, V.; Pianigiani, Maria

    2017-01-01

    This work investigates the effects of the choice of different ensembles of ground motions on the seismic assessment of existing RC buildings through nonlinear dynamic analysis. Nowadays indeed, all the main International Seismic Codes provide a soil classification which is based on the shear wave

  19. On the effectiveness of smart technologies in the seismic protection of existing buildings Part I: Masonry structures

    International Nuclear Information System (INIS)

    Mandara, A.; Ramundo, F.; Spina, G.

    2008-01-01

    The first part of a study concerning innovative intervention techniques for dissipate a share of the input seismic energy compatible with the preservation of existing buildings, including historical and monumental constructions, is presented in this paper. The case of a typical scheme of a long-bay box-like masonry building fitted with a dissipative floating roof is analyzed. In the examined building a wide simulation analysis has shown the achievement of a very satisfying performance. Furthermore, the effectiveness of the system can be maximized by means of active or semi-active devices implemented in the floating roof and a significant reduction of the seismic impact on the building can be obtained compared with non-controlled or simply passively controlled structure. The results prove the remarkable increase of the energy dissipation capability of the system, as well as the reduction of structural damage, independently of any specific strengthening intervention

  20. Modeling Boston: A workflow for the efficient generation and maintenance of urban building energy models from existing geospatial datasets

    International Nuclear Information System (INIS)

    Cerezo Davila, Carlos; Reinhart, Christoph F.; Bemis, Jamie L.

    2016-01-01

    City governments and energy utilities are increasingly focusing on the development of energy efficiency strategies for buildings as a key component in emission reduction plans and energy supply strategies. To support these diverse needs, a new generation of Urban Building Energy Models (UBEM) is currently being developed and validated to estimate citywide hourly energy demands at the building level. However, in order for cities to rely on UBEMs, effective model generation and maintenance workflows are needed based on existing urban data structures. Within this context, the authors collaborated with the Boston Redevelopment Authority to develop a citywide UBEM based on official GIS datasets and a custom building archetype library. Energy models for 83,541 buildings were generated and assigned one of 52 use/age archetypes, within the CAD modelling environment Rhinoceros3D. The buildings were then simulated using the US DOE EnergyPlus simulation program, and results for buildings of the same archetype were crosschecked against data from the US national energy consumption surveys. A district-level intervention combining photovoltaics with demand side management is presented to demonstrate the ability of UBEM to provide actionable information. Lack of widely available archetype templates and metered energy data, were identified as key barriers within existing workflows that may impede cities from effectively applying UBEM to guide energy policy. - Highlights: • Data requirements for Urban Building Energy Models are reviewed. • A workflow for UBEM generation from available GIS datasets is developed. • A citywide demand simulation model for Boston is generated and tested. • Limitations for UBEM in current urban data systems are identified and discussed. • Model application for energy management policy is shown in an urban PV scenario.

  1. Towards a calibration of building energy models: A case study from the Spanish housing stock in the Mediterranean climate

    Directory of Open Access Journals (Sweden)

    Blázquez, T.

    2015-12-01

    Full Text Available Current energy policies focus on retrofitting to achieve Horizon 2020 aims, especially concerning the residential stock constructed before the first thermal regulations. According to this, improving energy efficiency and interior comfort conditions in buildings must be supported by the knowledge of its real energy performance. Due to uncertainty and the lack of information on the current energy performance of housing and its real operational conditions, discrepancies between the results obtained and the measured data arise. Housing monitoring under real occupational conditions become essential for a better understanding of environmental behavior of residential building stock. Our aim is to show the calibration process, based on monitoring data obtained from a group of dwellings of national heritage interest built in the 1950s in Seville (a Mediterranean climate city. Calibration allows simulation results to approximate to current environmental conditions, aiming to predict and optimize the potential for subsequent environmental and energy implementation.Las actuales políticas energéticas europeas proponen la rehabilitación para poder alcanzar los objetivos del Horizonte 2020, especialmente del parque residencial construido antes de las primeras normativas térmicas, debiendo cimentarse la mejora en eficiencia energética y confort en el conocimiento de su comportamiento energético real. Aparecen divergencias entre resultados reales y de simulación debido a las incertidumbres y falta de información sobre el estado actual y las condiciones reales de uso y operacionales. La monitorización bajo condiciones de ocupación real resulta imprescindible para conocer el comportamiento energético y ambiental del parque residencial. Nuestro objetivo es mostrar el proceso de calibración de modelos energéticos, a partir de la monitorización, de unas viviendas de interés patrimonial construidas en los años cincuenta en Sevilla, ciudad de clima

  2. Utilizing 3D building and 3D cadastre geometries for better valuation of existing real estate

    NARCIS (Netherlands)

    Isikdag, U.; Horhammer, M.; Zlatanova, S.; Kathmann, R.; Van Oosterom, P.J.M.

    2015-01-01

    Valuation of the properties is known as real estate appraisal, property valuation or land valuation and is a process which focuses on determining the value of a building or a land lot. The valuation of each real estate is required prior to any transaction as every property is unique in terms of

  3. 55% Tax Deductions for the Energy Requalification of existing buildings in 2007

    International Nuclear Information System (INIS)

    Valentini, G.

    2009-01-01

    The 2007 Italian budget law set 55% tax allowances till the end of 2010 for works aimed at increasing the energy efficiency of buildings for winter heating. This article examines the results obtained in the 2007 outreach campaign both in terms of energy and environmental benefits and of service offered to technicians and professionals. [it

  4. Innovative Hybrid CHP systems for high temperature heating plant in existing buildings

    NARCIS (Netherlands)

    de Santoli, Livio; Lo Basso, Gianluigi; Nastasi, B.; d’Ambrosio Alfano, Francesca R.; Mazzarella and Piercarlo, Livio

    2017-01-01

    This paper deals with the potential role of new hybrid CHP systems application providing both electricity and heat which are compatible with the building architectural and landscape limitations. In detail, three different plant layout options for high temperature heat production along with the

  5. Retrofitting of existing housing stock

    DEFF Research Database (Denmark)

    Unterrainer, Walter

    2015-01-01

    The paper is a case study in retrofitting an urban quarter with social housing of the 1950´s and 1960´s - a model project in Amberg/Germany. It documents and discusses applied ´acupuncture´ and innovative strategies on very different scales as well as on different layers, in order to meet the goal...... of a sustainable retrofitting project in a holistic sense: This included cultural, social, environmental and economic sustainability. The first phase of the project is built and the process included a high level of user participation. The project is an example of integral design from competition level...

  6. Retrofitting of existing housing stock

    DEFF Research Database (Denmark)

    Unterrainer, Walter

    2015-01-01

    The paper is a case study in retrofitting an urban quarter with social housing of the 1950´s and 1960´s - a model project in Amberg/Germany. It documents and discusses applied ´acupuncture´ and innovative strategies on very different scales as well as on different layers, in order to meet the goa...

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

    Science.gov (United States)

    Bostenaru, M.

    2009-04-01

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

  8. Development of weightage for criteria affecting in retrofitting of existing building in Higher Learning Institution with clean energy initiatives

    Science.gov (United States)

    Izie Adiana Abidin, Nur; Aminuddin, Eeydzah; Zakaria, Rozana; Mazzuana Shamsuddin, Siti; Sahamir, Shaza Rina; Shahzaib, Jam; Nafis Abas, Darul

    2018-04-01

    Campus university building is the Higher Learning Institution (HLI) involves complex activities and operations, conserving the energy has become paramount important. There are several efforts taken by universities to improve its current energy use such as policy development, education, and adaption of energy conservation solution through retrofitting. This paper aims to highlight the importance of the criteria affecting in retrofitting of existing buildings with clean energy in order to achieve zero energy balance in buildings. The focus is given to the development of criteria for solar photovoltaic (solar PV), wind turbines and small-scale hydropower. A questionnaire survey was employed and distributed to the green building expert practitioner. Factor Analysis, Factor Score, and Weightage Factor were adapted as a method of analysis in order to produce the final result with weightage output for prioritization and ranking of the relevant criteria. The result performed assists to provide the stakeholders an overview of the important criteria that should be considered especially during the decision making to retrofit the existing buildings with clean energy resources. The criteria developed are also to establish a structured decision-making process and to ensure the selection of the decision or alternatives achieve the desired outcome.

  9. Use Of Snow And Ice Melting Heating Cables On Roofs Of Existing Buildings

    Directory of Open Access Journals (Sweden)

    Metin ONAL

    2017-12-01

    Full Text Available Roofs are construction elements which form the upper part of a building and protect it from the all kinds of fall wind and sun lights. They are made as inclined or terrace shaped according to the climatic characteristics of the area they are located and their intended use. Inclined type roofs are preferred for aesthetic and or functionality. It is in interest of mechanical engineering that falling snow on long and effective regions of winter conditions accumulate on the roof surfaces with low inclination due to adhesion force between snowflakes and the roof covering. The mass of snow that turns into ice due to cold weather and wind creates stalactites in the eaves due to gravity. This snow mass leavesbreaks off from inclined surfaces due to the effect of the sun or any vibration and can damage to people or other objects around the building. Falling snow and ice masses from rooftops in urban areas where winter months are intense are also a matter for engineering applications of landscape architecture. In order to prevent snow and icing on the roofs of the buildings located especially in busy human and vehicle traffic routes the use of heating cables is a practical method. The icing can be prevented by means of the heating cables selected according to the installed power to be calculated based on the type of roof and the current country. The purpose of this study is to introduce heating systems to be mounted on the roofs with a lesser workmanship in a short period instead of difficulties and costs that would occur by increasing the roof inclination in present buildings as well as explaining their working principles.

  10. Factors Influencing the Usage of Compact Fluorescent Lamps in Existing Residential Buildings in Lagos, Nigeria

    Directory of Open Access Journals (Sweden)

    Olusola Olugbemileke Johnson

    2012-01-01

    Full Text Available Nigeria as a developing nation is facing increasing demand for electricity especially in the residential areas. The use of compact fluorescent lamps (CFLs is one of the several measures towards reducing the demand. However, in Nigeria, the use of CFLs is low. The present study was designed to investigate some factors responsible for the low usage of CFLs in Lagos, Nigeria. Questionnaires were administered by hand on 984 households, selected through systematic random sampling techniques from 5 local government areas in Lagos State. The first building along the major street in each of the local government was selected randomly and every tenth building constituted the sample. A household head was surveyed in each of the building selected, and was asked to rate some factors that might have influenced the usage of CFLs. The data generated from the questionnaire were analysed using ranking method. The findings show that inability to measure the saving benefits of CFLs on electricity bills, lack of affordability and high initial cost of acquisition and installation were the most important factors which influence the use of the CFLs. The study concludes by providing some recommendations on how to achieve sustainable energy management in the Lagos and beyond through more efficient residential house lighting.

  11. Technological retrofit of existing buildings: dwelling quality, environmental sustainability, economic rising

    Directory of Open Access Journals (Sweden)

    Mariangela Bellomo

    2011-04-01

    Full Text Available Redevelopment can stand as an effective response to the converging ecological, energy and economic crises if the energy efficiency of the built heritage can be enhanced using renewable energy and innovative technologies with a low environmental impact. To this end, the Research Unit Technology and Environment, University of Naples Federico II, is undertaking a structured set of studies addressing the issue of retrofit technology of buildings in Campania put up in the second half of the 20th century to help in defining best practices for planning, design and production.

  12. Comparative Study on Code-based Linear Evaluation of an Existing RC Building Damaged during 1998 Adana-Ceyhan Earthquake

    International Nuclear Information System (INIS)

    Toprak, A. Emre; Guelay, F. Guelten; Ruge, Peter

    2008-01-01

    Determination of seismic performance of existing buildings has become one of the key concepts in structural analysis topics after recent earthquakes (i.e. Izmit and Duzce Earthquakes in 1999, Kobe Earthquake in 1995 and Northridge Earthquake in 1994). Considering the need for precise assessment tools to determine seismic performance level, most of earthquake hazardous countries try to include performance based assessment in their seismic codes. Recently, Turkish Earthquake Code 2007 (TEC'07), which was put into effect in March 2007, also introduced linear and non-linear assessment procedures to be applied prior to building retrofitting. In this paper, a comparative study is performed on the code-based seismic assessment of RC buildings with linear static methods of analysis, selecting an existing RC building. The basic principles dealing the procedure of seismic performance evaluations for existing RC buildings according to Eurocode 8 and TEC'07 will be outlined and compared. Then the procedure is applied to a real case study building is selected which is exposed to 1998 Adana-Ceyhan Earthquake in Turkey, the seismic action of Ms = 6.3 with a maximum ground acceleration of 0.28 g It is a six-storey RC residential building with a total of 14.65 m height, composed of orthogonal frames, symmetrical in y direction and it does not have any significant structural irregularities. The rectangular shaped planar dimensions are 16.40 mx7.80 m = 127.90 m 2 with five spans in x and two spans in y directions. It was reported that the building had been moderately damaged during the 1998 earthquake and retrofitting process was suggested by the authorities with adding shear-walls to the system. The computations show that the performing methods of analysis with linear approaches using either Eurocode 8 or TEC'07 independently produce similar performance levels of collapse for the critical storey of the structure. The computed base shear value according to Eurocode is much higher

  13. Comparative Study on Code-based Linear Evaluation of an Existing RC Building Damaged during 1998 Adana-Ceyhan Earthquake

    Science.gov (United States)

    Toprak, A. Emre; Gülay, F. Gülten; Ruge, Peter

    2008-07-01

    Determination of seismic performance of existing buildings has become one of the key concepts in structural analysis topics after recent earthquakes (i.e. Izmit and Duzce Earthquakes in 1999, Kobe Earthquake in 1995 and Northridge Earthquake in 1994). Considering the need for precise assessment tools to determine seismic performance level, most of earthquake hazardous countries try to include performance based assessment in their seismic codes. Recently, Turkish Earthquake Code 2007 (TEC'07), which was put into effect in March 2007, also introduced linear and non-linear assessment procedures to be applied prior to building retrofitting. In this paper, a comparative study is performed on the code-based seismic assessment of RC buildings with linear static methods of analysis, selecting an existing RC building. The basic principles dealing the procedure of seismic performance evaluations for existing RC buildings according to Eurocode 8 and TEC'07 will be outlined and compared. Then the procedure is applied to a real case study building is selected which is exposed to 1998 Adana-Ceyhan Earthquake in Turkey, the seismic action of Ms = 6.3 with a maximum ground acceleration of 0.28 g It is a six-storey RC residential building with a total of 14.65 m height, composed of orthogonal frames, symmetrical in y direction and it does not have any significant structural irregularities. The rectangular shaped planar dimensions are 16.40 m×7.80 m = 127.90 m2 with five spans in x and two spans in y directions. It was reported that the building had been moderately damaged during the 1998 earthquake and retrofitting process was suggested by the authorities with adding shear-walls to the system. The computations show that the performing methods of analysis with linear approaches using either Eurocode 8 or TEC'07 independently produce similar performance levels of collapse for the critical storey of the structure. The computed base shear value according to Eurocode is much higher

  14. Evaluation of a Regional Retrofit Programme to Upgrade Existing Housing Stock to Reduce Carbon Emissions, Fuel Poverty and Support the Local Supply Chain

    Directory of Open Access Journals (Sweden)

    Joanne Louise Patterson

    2016-12-01

    Full Text Available The first-ever legally binding global climate deal that will be adopted by 195 countries was introduced in Paris in 2015, highlighting that climate change is being recognised as a real and urgent global problem. Legislative interventions need to be accompanied by significant action across all sectors of the built environment through reducing energy demand, providing energy supply from low carbon sources and combining with this with energy storage to enable necessary targets to be met. Retrofitting existing buildings is critical to making these cuts as 80% of buildings currently in existence will still be present in 2050. These retrofits need to be undertaken rapidly using replicable and affordable solutions that benefit both the householder whilst significantly reducing emissions. This paper will present an evaluation of a £9.6 million regional scale retrofit programme funded under the Welsh Governments Arbed 1 Programme which aimed to reduce fuel poverty, reduce carbon emissions and support the energy efficiency and renewable supply chain and encourage recruitment and training in the sector. Results have been obtained from desk top data collection and energy modelling calculations. The evaluation work presents the technical, environmental and economic impacts of the programme and demonstrates lessons learnt to help improve the implementation of the other regional retrofit projects providing evidence of the impacts of a large scale retrofit programme that are necessary for the deep carbon reductions required in the near future.

  15. Impact of Furniture Layout on Indoor Daylighting Performance in Existing Residential Buildings in Malaysia

    Directory of Open Access Journals (Sweden)

    Seyed Mohammad Mousavi

    2018-06-01

    Full Text Available Currently, home-based computing workspaces have developed substantially all over the world, especially in Malaysia. This growing trend attracts computer workers to run a business from their residential units. Hence, visual comfort needs to be considered in addition to thermal comfort for home workers in their residential working rooms. While such rooms are always occupied with furniture, the layout of the furniture may influence the indoor daylighting distribution. Several various furniture layouts can be arranged in a residential working room. However, to have better generalisation, this study focused on the impacts of mostly-used-furniture-layouts (MUFLs on indoor daylighting performance in residential working rooms. The field measurement was conducted in a typically furnished room under a tropical sky to validate the results of the simulation software under different sky conditions. Then, daylight ratio (DR, as a quantitative daylighting variable, and the illuminance uniformity ratio (IUR, CIE glare index (CGI, and Guth visual comfort probability (GVCP, as qualitative daylighting variables, were analysed through simulation experiments. In conclusion, by changing the furniture layout, daylight uniformity recorded the highest fluctuations in the case room among all variables. While various furniture layouts, in a residential working room in the tropics, may even slightly reduce the extreme indoor daylight quantity, they can worsen the indoor daylight quality compared to an unfurnished space. The paper shows that furniture as an interior design parameter cannot help to improve tropical daylighting performance in a building.

  16. Renewable-based low-temperature district heating for existing buildings in various stages of refurbishment

    DEFF Research Database (Denmark)

    Brand, Marek; Svendsen, Svend

    2013-01-01

    Denmark is aiming for a fossil-free heating sector for buildings by 2035. Judging by the national heating plan, this will be achieved mainly by a further spread of DH (district heating) based on the renewable heat sources. To make the most cost-effective use of these sources, the DH supply...... and, for 98% of the year, to below 60 °C. However for the temperatures below 60 °C a low-temperature DH substation is required for DHW (domestic hot water) heating. This research shows that renewable sources of heat can be integrated into the DH system without problems and contribute to the fossil...... temperature should be as low as possible. We used IDA–ICE software to simulate a typical Danish single-family house from the 1970s connected to DH at three different stages of envelope and space heating system refurbishment. We wanted to investigate how low the DH supply temperature can be without reducing...

  17. Existence and control of Legionella bacteria in building water systems: A review.

    Science.gov (United States)

    Springston, John P; Yocavitch, Liana

    2017-02-01

    Legionellae are waterborne bacteria which are capable of causing potentially fatal Legionnaires' disease (LD), as well as Pontiac Fever. Public concern about Legionella exploded following the 1976 outbreak at the American Legion conference in Philadelphia, where 221 attendees contracted pneumonia and 34 died. Since that time, a variety of different control methods and strategies have been developed and implemented in an effort to eradicate Legionella from building water systems. Despite these efforts, the incidence of LD has been steadily increasing in the U.S. for more than a decade. Public health and occupational hygiene professionals have maintained an active debate regarding best practices for management and control of Legionella. Professional opinion remains divided with respect to the relative merits of performing routine sampling for Legionella, vs. the passive, reactive approach that has been largely embraced by public health officials and facility owners. Given the potential risks and ramifications associated with waiting to assess systems for Legionella until after disease has been identified and confirmed, a proactive approach of periodic testing for Legionella, along with proper water treatment, is the best approach to avoiding large-scale disease outbreaks.

  18. Social Housing in Urban Regeneration. Regeneration Heritage Existing Building: Methods and Strategies

    Directory of Open Access Journals (Sweden)

    Maria Antonia Giannino

    2014-05-01

    Full Text Available The theme of urban regeneration has played a strategic role during the last two decades in European and national urban building policies. Current addresses, also defined in Leipzig Charter on Sustainable European Cities in 2007, indentify the necessity to invest in requalification of degraded residential assets and not in new developments, individuating in urban regeneration the main tool for development of contemporary city. Public neighborhoods have developed, historically, a wide set of common problems. They are not only due to wrong planning but also to the concept of “housing for masses”.  The original ambition of modern settlment, developed from GermanSiedlung, was to be an autonomous part, on the point of view of morphology, in urban expansion. Joined by new developments, a lot of neighborhoods became benchmarks for suburban areas and now we can define themas “new urban centralities”. So theirrole in urbandynamics has changed and they can be individuate dasprecious reserves of public spaces and potential incubators for regeneration of larger areas. Analyzing some Italian and European case studies, themostinnovative relate to the densification of open spaces, inserting new services in a general redesign of green areas; concentration of built surfaces, in order to reduce land consumption and introduction of different residential types in order to improve mischbebauung. The reasons for an active recovery are motivated by the criteria of environmental sustainability and saving land, have relaunched compact projects with medium to highdensity.

  19. Daylighting for energy conservation in an existing building under tropical climate conditions: a case study of Lai Sue Thai building Ramkhamhaeng University

    Directory of Open Access Journals (Sweden)

    Lerdlekha Tanachaikhan

    2015-12-01

    Full Text Available Daylighting using skylight has been shown to have a high potential in reducing electrical lighting energy, and could provide a more pleasant atmosphere of a daylit space. However, in hot climates, the main constraint of daylighting is the solar heat gain that contributes to major heat load for an air-conditioning system. If the balance between the beneficial light gain used to offset lighting energy requirement and heat gain from daylight is well considered, significant energy savings can be obtained. The main objective of the study is to evaluate the potential of daylighting for energy conservation in the tropics through theoretical analysis (simulation study and experimental observation. Lai Sue Thai Building (an existing and educational building located at Ramkhamkaeng University was selected as a case study. From analysis, use of daylight could reduce electrical energy in this building by up to 76% compared to the initial condition where fully lighting was supplied. Window orientation would also play an important role. Moreover, heat gain through windows due to daylighting can be controlled by overhangs and the appropriate Window-to-Wall ratio that would be about 30% for this building. An experimental study was also carried out to validate the results in a selected room. About 49% and 37% of Relative Root Mean Square Error (RRMSE were observed in light and heat measurements, respectively

  20. Numerical analysis of passive strategies for energy retrofit of existing buildings in Mediterranean climate: thermal mass and natural ventilation combination

    Directory of Open Access Journals (Sweden)

    Calcerano Filippo

    2017-01-01

    Full Text Available The study investigates the potential of coupling natural ventilation and thermal storage systems to improve hygrothermal comfort and reduce energy consumption during summer season in an existing building in the Mediterranean. It aims at bridging the knowledge gap between designers, researchers and building scientists, fostering a multidisciplinary approach and promoting numerical simulation of the energy performance of buildings within architectural professional practice. The study analyses the interaction between six natural ventilation systems (single sided ventilation through facade openings; cross ventilation through facade openings, inlet wind tower, thermal chimney, evaporative cool tower, earth pipes and with two thermal storage typology (heavy and medium-light within four strategic Italian location (Rome, Naples, Messina and Catania. For each interaction we perform a numerical dynamic simulation of indoor comfort, indoor air quality and energy consumption during the summer period, on a reference building model corresponding to the most common Italian typology. Results show that the use of the chosen systems ensures significant reductions of discomfort hours and energy consumption in all configurations. The study also highlights the high efficiency of non invasive systems (single-sided and cross ventilation with automatic control present discomfort hours reduction and energy consumption reduction above 68% for all combinations and the significant influence of the daily thermal range value on the performance of systems without air pre-treatment.

  1. Study on the Application of Cool Paintings for the Passive Cooling of Existing Buildings in Mediterranean Climates

    Directory of Open Access Journals (Sweden)

    V. Costanzo

    2013-01-01

    Full Text Available Building roofs play a very important role in the energy balance of buildings, especially in summer, when they are hit by a rather high solar irradiance. Depending on the type of finishing layer, roofs can absorb a great amount of heat and reach quite high temperatures on their outermost surface, which determines significant room overheating. However, the use of highly reflectivecool materials can help to maintain low outer surface temperatures; this practice may improve indoor thermal comfort and reduce the cooling energy need during the hot season. This technology is currently well known and widely used in the USA, whilereceiving increasing attention in Europe. In order to investigate the effectiveness of cool roofs as a passive strategy for passive cooling in moderately hot climates, this paper presents the numerical results of a case study based on the dynamic thermal analysis of an existing office building in Catania (southern Italy, Mediterranean area. The results show how the application of a cool paint on the roof can enhance the thermal comfort of the occupants by reducing the operative temperatures of the rooms and to reduce the overall energy needs of the building for space heating and cooling.

  2. Pattern analysis and suggestion of energy efficiency retrofit for existing residential buildings in China's northern heating region

    International Nuclear Information System (INIS)

    Lv Shilei; Wu Yong; Sun Jinying

    2009-01-01

    In China, Energy Efficiency Retrofit for Existing Residential Buildings (EERFERB) is faced with a fast development status. The Central Government decided to prompt the retrofit of 1.5x10 8 m 2 existing residential buildings in China's northern heating region during the '11th Five-Years Plan'. But, at present, the relative incentive policies and measurements are very insufficient. Especially, on the aspect of the retrofit pattern about the organization, retrofit content, investing and financing mode, the policy and management and other factors, no existing successful one can be spreaded into the whole northern heating region. This research not only analyzed the foreign advanced methods, drew lessons from their retrofit in Germany and Poland, but contrasted and analyzed energy efficiency retrofit demonstrations from Harbin, Tianjin, Tangshan and Baotou in China to get our domestic successful patterns and experience. Finally, some recommended retrofit patterns are presented, which can be applied for the instruction and decision-making for the Chinese local governments.

  3. Energy efficiency in existing buildings: investment gap, incentives and supporting measures

    International Nuclear Information System (INIS)

    Varenio, Celine

    2012-01-01

    This PhD dissertation focuses on energy efficiency policies in housing. It aims at evaluating the effectiveness of public incentives designed to increase household's investment in energy efficiency of their dwelling. To reach this objective this research combines the two key dimensions of ex-post evaluation, i.e. summary and formative dimensions. The first one aims at knowing the effectiveness of public policies whereas the other one targets to understand what the public policies' consequences are and to identify ways for improvement. To reach this purpose, the research follows four steps. Firstly, it requires a detailed analysis to understand the origins of the energy efficiency gap. This gap can be explained by markets failures, consequences of bounded rationality and coordination problem between stakeholders, especially in multi-family dwellings. Secondly, the argument progresses by drawing a parallel between results from normative analysis and from observations of actual level of investments in thermal retrofit actions. It aims at identifying investment households' criteria and then at understanding how barriers to energy efficiency raise. Thirdly, thanks to the inventory of these various energy efficiency barriers it becomes possible to examine if the incentives currently implemented in France can remove them all. It appears that the national policy does not significantly reduce the energy efficiency gap. On the one hand, some barriers remain because no tool has been proposed to overcome them. On the other hand, some barriers are only partially eliminated because the practical use of tools differs from their theoretical design. Finally, using the analysis of retrofitting programs implemented on the Grenoble area this research assesses the effectiveness of additional incentives. The objective is to know to what extent these 'reinforced' policies remove barriers still existing after national tools implementation. From these four

  4. Indoor air quality in mechanically ventilated residential dwellings/low-rise buildings: A review of existing information

    DEFF Research Database (Denmark)

    Aganovic, Amar; Hamon, Mathieu; Kolarik, Jakub

    Mechanical ventilation has become a mandatory requirement in multiple European standards addressing indoor air quality (IAQ) and ventilation in residential dwellings (single family houses and low-rise apartment buildings). This article presents the state of the art study through a review...... of the existing literature, to establish a link between ventilation rate and key indoor air pollutants. Design characteristics of a mechanical ventilation system such as supply/exhaustairflow, system and design of supply and exhaust outlets were considered. The performance of various ventilation solutionswas......-house ventilation rate was reported below 0.5h-1 or 14 l/s·person in bedrooms, the concentrations of the pollutants elevated above minimum threshold limits (CO2>1350 ppm; TVOC >3000 μg/m3) defined by the standard. Insufficient or non-existent supply of air was related to significantly higher pollutant...

  5. Energy conservation in rented buildings

    Energy Technology Data Exchange (ETDEWEB)

    Klingberg, T.; Broechner, J.; Forsman, J.; Gaunt, L.; Holgersson, M.

    1984-08-01

    The bulletin is an anthology of nine essays by different authors addressing the issue of energy conservation in buildings, where there exists a landlord/tenant relationship. After an overview of the rental market and the stock of rental buildings different types of rental contracts and energy charges are described.

  6. Modeling In-Use Steel Stock in China’s Buildings and Civil Engineering Infrastructure Using Time-Series of DMSP/OLS Nighttime Lights

    Directory of Open Access Journals (Sweden)

    Hanwei Liang

    2014-05-01

    Full Text Available China’s rapid urbanization has led to increasing steel consumption for buildings and civil engineering infrastructure. The in-use steel stock in the same is considered to be closely related to social welfare and urban metabolism. Traditional approaches for determining the in-use steel stock are labor-intensive and time-consuming processes and always hindered by the availability of statistical data. To address this issue, this study proposed the use of long-term nighttime lights as a proxy to effectively estimate in-use steel stock for buildings (IUSSB and civil engineering infrastructure (IUSSCE at the provincial level in China. Significant relationships between nighttime lights versus IUSSB and IUSSCE were observed for provincial variables in a single year, as well as for time series variables of a single province. However, these relationships were found to differ among provinces (referred to as “inter-individual differences” and with time (referred to as “temporal differences”. Panel regression models were therefore proposed to estimate IUSSB and IUSSCE in consideration of the temporal and inter-individual differences based on a dataset covering 1992–2007. These models were validated using data for 2008, and the results showed good estimation for both IUSSB and IUSSCE. The proposed approach can be used to easily monitor the dynamic of IUSSB and IUSSCE in China. This should be critical in providing valuable information for policy making regarding regional development of buildings and infrastructure, sustainable urban resource management, and cross-boundary material recycling.

  7. Proposal of new seismic assessment and retrofit technology for existing buildings; Hyogoken nanbu jishin higai wo kyokun to shita kison kozobutsu no taishin shindan system

    Energy Technology Data Exchange (ETDEWEB)

    Yoshioka, K.; Takahashi, Y.; Seki, M.; Tanida, M.; Akiyama, T.; Hashimoto, Y. [Obayashi Corp., Tokyo (Japan)

    1995-08-10

    A devastating earthquake measuring 7.2 on the JMA (Japan Meteorological Agency) magnitude hit the southern Hyogo Prefecture on January 17, 1995. This earthquake, the worst in Japan since the Great Kanto Earthquake in 1923, brought great disaster and destruction to the Hanshin area and Awajishima Island. Most of the damage to concrete and steel structures occurred in buildings designed according to former building codes. Fewer collapses occurred in buildings designed under current building code that have more severe seismic requirements. Existing buildings should be assessed by their seismic potentiality, and retrofitted to escape damage in severe earthquakes such as the Great Hanshin Earthquake. New technology for assessing and retrofitting existing buildings was developed to improve resisting performance in response to severe earthquakes. Earthquake Load or motion exceeding current requirements can be supplied to assess and retrofit existing buildings if a client wants their buildings to exhibit much stronger seismic resistance. The retrofit technologies, such as a base isolation system for whole building, vibration control bracing system with steel damper, and base isolation floor system for computer equipments, can be applied to existing buildings. 11 refs., 9 figs., 8 tabs.

  8. The importance of building downwash in assessing the need to heighten stacks of existing small and medium sized industries

    Energy Technology Data Exchange (ETDEWEB)

    Gomes, J.F.P. [Centro de Tecnologias Ambientais, ISQ - Inst. de Soldadura e Qualidade, Oeiras (Portugal); Duarte, R. [Escola Superior de Tecnologia - Inst. Politecnico de Setubal (Portugal)

    2004-07-01

    This extended abstract intends to share the authors experience on the modelling of atmospheric pollutant dispersal and on the importance of building downwash considerations when assessing the need to heighten stacks of small and medium sized industrial enterprises (SME's). In order to understand the reasons that make industrial companies, especially SME's, consider stack heightening, in section 2 the existing Portuguese legislation on air quality and the stack heightening rules are briefly commented. New legislation that ought to appear soon (new Portuguese Air Act) is also commented and compared critically with the existing one. Then, section 3 characterizes Portuguese industry in terms of the ambient quality problems related to stack height. The adequacy of the stack heightening legislation to the particularities of the Portuguese case is discussed. In section 4 the authors experience in the specific study of stack heightening is presented. The methodology considered in these studies is discussed and compared with the application of existing and soon to appear legislation on stack height calculation. Finally, section 5 presents the conclusions and the need for an increased awareness on the pollutant dispersal problem is discussed. (orig.)

  9. Fiscal and tax policy support for energy efficiency retrofit for existing residential buildings in China's northern heating region

    International Nuclear Information System (INIS)

    Li Dongyan

    2009-01-01

    Energy efficiency retrofit for existing residential buildings (EERERB) in China's northern heating region is an important component of the national energy strategy. The main content and related subject in EERERB performance is the basis of understanding and developing targeted policies. So, this paper designed the content system of EERERB. And then, provided a cost-benefit analysis on related subjects, assessed the government's function in EERERB, and come to the conclusion that the Chinese government should increase fiscal fund investment and implement more fiscal and tax incentive policies. Moreover, in view of China's current policy, which lacks long-term mechanism and flexibility, this paper proposed specific policy recommendations, including clarifying the government's corresponding responsibilities at all levels and increasing the intensity of the central government's transfer payments. It further proposed targeted financial and tax policies for supporting and encouraging heating enterprises and owners, as well as policies to cultivate energy-saving service markets and to support the ESCO.

  10. Recommendations for enforcing and administering lighting-efficiency standards in existing public buildings in New York State. Final report

    Energy Technology Data Exchange (ETDEWEB)

    None

    1977-09-30

    To determine the most efficient, cost-effective means of enforcing lighting standards in existing public buildings, various enforcement procedures were investigated. A summary of conclusions and recommendations are presented. In Chapter 1, the adoption of a modified version of the sections of the proposed ASHRAE 100 standards that relate to lighting is recommended. The basic features of the proposed ASHRAE 100 standards are described and compared with those of other types of standards, and the modifications recommended to facilitate implementation are then presented. In Chapter 2, the structure is outlined and the details are provided of the enforcement strategy devised based on self-certification and penalties for noncompliance. Chapter 3 is intended to guide the state in implementing that strategy; it is suggested that the State Energy Office begin to conduct inspections of buildings selected first randomly and then according to a specific discriminant-analysis scheme. The timetable that should be followed and the management responsibilities that should be assigned if the state is to meet its 1980 goals related to saving energy through the implementation of lighting-efficiency standards are delineated in Chapter 4. The appendixes provide additional information and data supporting the specific conclusions and recommendations presented throughout the text. (MCW)

  11. Achievements and suggestions of heat metering and energy efficiency retrofit for existing residential buildings in northern heating regions of China

    International Nuclear Information System (INIS)

    Yan Ding; Zhe Tian; Yong Wu; Neng Zhu

    2011-01-01

    In order to promote energy efficiency and emission reduction, the importance of improving building energy efficiency received sufficient attention from Chinese Government. The heat metering and energy efficiency retrofit for existing residential buildings of 0.15 billion m 2 in northern heating regions of China was initiated in 2007 and completed successfully at the end of 2010. This article introduced the background and outline of the retrofit project during the period of 11th five-year plan. Numerous achievements that received by retrofit such as environmental protection effect, improvement of indoor environment, improvement of heating system, investment guidance effect, promotion of relevant industries and increasing chances of employment were concluded. Valuable experience that acquired from the retrofit project during the period of 11th five-year plan was also summarized in this article. By analyzing the main problems emerged in the past, pertinent suggestions were put forward to promote a larger scale and more efficient retrofit project in the period of 12th five-year plan. - Highlights: →Successful implementation of a retrofit project in China is introduced. → Significance of the project contributing to emission reduction is analyzed. →Achievements are summarized and future suggestions are put forward.

  12. Sustainable Building Operation

    DEFF Research Database (Denmark)

    Jensen, Jesper Ole

    2009-01-01

    of sustainable building operation and a survey amongst building administrators from the private and the social housing sector. Our results show that there are many good examples on sustainable building operation in Danish housing estates, where local building managers, residents etc. have gained impressive......Energy-savings in the existing building stock have becomes a main goal in national and international policies. Often focus is on building-renovations, whereas the potential of sustainable building operation to a large extent has been neglected. Nevertheless, international research as well...... as practical experiences from Danish housing estates indicates that there are large potentials for energy savings by focusing on the operation of the buildings. We suggest that in order to achieve sustainability in the existing housing, renovation and operations should be seen as integrated parts...

  13. Future premature mortality due to O3, secondary inorganic aerosols and primary PM in Europe--sensitivity to changes in climate, anthropogenic emissions, population and building stock.

    Science.gov (United States)

    Geels, Camilla; Andersson, Camilla; Hänninen, Otto; Lansø, Anne Sofie; Schwarze, Per E; Skjøth, Carsten Ambelas; Brandt, Jørgen

    2015-03-04

    Air pollution is an important environmental factor associated with health impacts in Europe and considerable resources are used to reduce exposure to air pollution through emission reductions. These reductions will have non-linear effects on exposure due, e.g., to interactions between climate and atmospheric chemistry. By using an integrated assessment model, we quantify the effect of changes in climate, emissions and population demography on exposure and health impacts in Europe. The sensitivity to the changes is assessed by investigating the differences between the decades 2000-2009, 2050-2059 and 2080-2089. We focus on the number of premature deaths related to atmospheric ozone, Secondary Inorganic Aerosols and primary PM. For the Nordic region we furthermore include a projection on how population exposure might develop due to changes in building stock with increased energy efficiency. Reductions in emissions cause a large significant decrease in mortality, while climate effects on chemistry and emissions only affects premature mortality by a few percent. Changes in population demography lead to a larger relative increase in chronic mortality than the relative increase in population. Finally, the projected changes in building stock and infiltration rates in the Nordic indicate that this factor may be very important for assessments of population exposure in the future.

  14. Future Premature Mortality Due to O3, Secondary Inorganic Aerosols and Primary PM in Europe — Sensitivity to Changes in Climate, Anthropogenic Emissions, Population and Building Stock

    Science.gov (United States)

    Geels, Camilla; Andersson, Camilla; Hänninen, Otto; Lansø, Anne Sofie; Schwarze, Per E.; Ambelas Skjøth, Carsten; Brandt, Jørgen

    2015-01-01

    Air pollution is an important environmental factor associated with health impacts in Europe and considerable resources are used to reduce exposure to air pollution through emission reductions. These reductions will have non-linear effects on exposure due, e.g., to interactions between climate and atmospheric chemistry. By using an integrated assessment model, we quantify the effect of changes in climate, emissions and population demography on exposure and health impacts in Europe. The sensitivity to the changes is assessed by investigating the differences between the decades 2000–2009, 2050–2059 and 2080–2089. We focus on the number of premature deaths related to atmospheric ozone, Secondary Inorganic Aerosols and primary PM. For the Nordic region we furthermore include a projection on how population exposure might develop due to changes in building stock with increased energy efficiency. Reductions in emissions cause a large significant decrease in mortality, while climate effects on chemistry and emissions only affects premature mortality by a few percent. Changes in population demography lead to a larger relative increase in chronic mortality than the relative increase in population. Finally, the projected changes in building stock and infiltration rates in the Nordic indicate that this factor may be very important for assessments of population exposure in the future. PMID:25749320

  15. Future Premature Mortality Due to O3, Secondary Inorganic Aerosols and Primary PM in Europe — Sensitivity to Changes in Climate, Anthropogenic Emissions, Population and Building Stock

    Directory of Open Access Journals (Sweden)

    Camilla Geels

    2015-03-01

    Full Text Available Air pollution is an important environmental factor associated with health impacts in Europe and considerable resources are used to reduce exposure to air pollution through emission reductions. These reductions will have non-linear effects on exposure due, e.g., to interactions between climate and atmospheric chemistry. By using an integrated assessment model, we quantify the effect of changes in climate, emissions and population demography on exposure and health impacts in Europe. The sensitivity to the changes is assessed by investigating the differences between the decades 2000–2009, 2050–2059 and 2080–2089. We focus on the number of premature deaths related to atmospheric ozone, Secondary Inorganic Aerosols and primary PM. For the Nordic region we furthermore include a projection on how population exposure might develop due to changes in building stock with increased energy efficiency. Reductions in emissions cause a large significant decrease in mortality, while climate effects on chemistry and emissions only affects premature mortality by a few percent. Changes in population demography lead to a larger relative increase in chronic mortality than the relative increase in population. Finally, the projected changes in building stock and infiltration rates in the Nordic indicate that this factor may be very important for assessments of population exposure in the future.

  16. Trading network predicts stock price.

    Science.gov (United States)

    Sun, Xiao-Qian; Shen, Hua-Wei; Cheng, Xue-Qi

    2014-01-16

    Stock price prediction is an important and challenging problem for studying financial markets. Existing studies are mainly based on the time series of stock price or the operation performance of listed company. In this paper, we propose to predict stock price based on investors' trading behavior. For each stock, we characterize the daily trading relationship among its investors using a trading network. We then classify the nodes of trading network into three roles according to their connectivity pattern. Strong Granger causality is found between stock price and trading relationship indices, i.e., the fraction of trading relationship among nodes with different roles. We further predict stock price by incorporating these trading relationship indices into a neural network based on time series of stock price. Experimental results on 51 stocks in two Chinese Stock Exchanges demonstrate the accuracy of stock price prediction is significantly improved by the inclusion of trading relationship indices.

  17. Proposed Assessment of Dynamic Resistance of the Existing Industrial Portal Frame Building Structures to the Impact of Mining Tremors

    Science.gov (United States)

    Rusek, Janusz; Kocot, Wojciech

    2017-10-01

    The article presents the method for assessing dynamic resistance of the existing industrial portal frame building structures subjected to mining tremors. The study was performed on two industrial halls of a reinforced concrete structure and a steel structure. In order to determine the dynamic resistances of these objects, static and dynamic numerical analysis in the FEA environment was carried out. The scope of numerical calculations was adapted to the guidelines contained in the former and current design standards. This allowed to formulate the criteria, on the basis of which the maximum permissible value of the horizontal ground acceleration was obtained, constituting resistance of the analyzed objects. The permissible range of structural behaviour was determined by comparing the effects of load combinations adopted at the design stage with a seismic combination recognized in Eurocode 8. The response spectrum method was used in the field of dynamic analysis, taking into account the guidelines contained in Eurocode 8 and the guidelines of National. Finally, in accordance with the established procedure, calculations were carried out and the results for the two model portal frame buildings of reinforced concrete and steel structures were presented. The results allowed for the comparison of the dynamic resistance of two different types of material and design, and a sensitivity analysis with respect to their constituent bearing elements. The conclusions drawn from these analyses helped to formulate the thesis for the next stage of the research, in which it is expected to analyze a greater number of objects using a parametric approach, in relation to the geometry and material properties.

  18. Analysis of energy efficiency retrofit schemes for heating, ventilating and air-conditioning systems in existing office buildings based on the modified bin method

    International Nuclear Information System (INIS)

    Wang, Zhaoxia; Ding, Yan; Geng, Geng; Zhu, Neng

    2014-01-01

    Highlights: • A modified bin method is adopted to propose and optimize the EER schemes. • A case study is presented to demonstrate the analysis procedures of EER schemes. • Pertinent EER schemes for HVAC systems are proposed for the object building. - Abstract: Poor thermal performance of building envelop and low efficiencies of heating, ventilating and air-conditioning (HVAC) systems can always be found in the existing office buildings with large energy consumption. This paper adopted a modified bin method to propose and optimize the energy efficiency retrofit (EER) schemes. An existing office building in Tianjin was selected as an example to demonstrate the procedures of formulating the design scheme. Pertinent retrofit schemes for HVAC system were proposed after the retrofit of building envelop. With comprehensive consideration of energy efficiency and economic benefits, the recommended scheme that could improve the overall energy efficiency by 71.20% was determined

  19. Thermal Transmission through Existing Building Enclosures: Destructive Monitoring in Intermediate Layers versus Non-Destructive Monitoring with Sensors on Surfaces

    Science.gov (United States)

    Echarri, Víctor; Espinosa, Almudena; Rizo, Carlos

    2017-01-01

    Opaque enclosures of buildings play an essential role in the level of comfort experienced indoors and annual energy demand. The impact of solar radiation and thermal inertia of the materials that make up the multi-layer enclosures substantially modify thermal transmittance behaviour of the enclosures. This dynamic form of heat transfer, additionally affected by indoor HVAC systems, has a substantial effect on the parameters that define comfort. It also has an impact on energy demand within a daily cycle as well as throughout a one-year use cycle. This study describes the destructive monitoring of an existing block of flats located in Alicante. Once the enclosure was opened, sensors of temperature (PT100), air velocity, and relative humidity were located in the different layers of the enclosure, as well as in the interior and exterior surfaces. A pyranometer was also installed to measure solar radiation levels. A temperature data correction algorithm was drawn up to address irregularities produced in the enclosure. The algorithm was applied using a Raspberry Pi processor in the data collection system. The comparative results of temperature gradients versus non-destructive monitoring systems are presented, providing measures of the transmittance value, surface temperatures and indoor and outdoor air temperatures. This remote sensing system can be used in future studies to quantify and compare the energy savings of different enclosure construction solutions. PMID:29292781

  20. Thermal Transmission through Existing Building Enclosures: Destructive Monitoring in Intermediate Layers versus Non-Destructive Monitoring with Sensors on Surfaces.

    Science.gov (United States)

    Echarri, Víctor; Espinosa, Almudena; Rizo, Carlos

    2017-12-08

    Opaque enclosures of buildings play an essential role in the level of comfort experienced indoors and annual energy demand. The impact of solar radiation and thermal inertia of the materials that make up the multi-layer enclosures substantially modify thermal transmittance behaviour of the enclosures. This dynamic form of heat transfer, additionally affected by indoor HVAC systems, has a substantial effect on the parameters that define comfort. It also has an impact on energy demand within a daily cycle as well as throughout a one-year use cycle. This study describes the destructive monitoring of an existing block of flats located in Alicante. Once the enclosure was opened, sensors of temperature (PT100), air velocity, and relative humidity were located in the different layers of the enclosure, as well as in the interior and exterior surfaces. A pyranometer was also installed to measure solar radiation levels. A temperature data correction algorithm was drawn up to address irregularities produced in the enclosure. The algorithm was applied using a Raspberry Pi processor in the data collection system. The comparative results of temperature gradients versus non-destructive monitoring systems are presented, providing measures of the transmittance value, surface temperatures and indoor and outdoor air temperatures. This remote sensing system can be used in future studies to quantify and compare the energy savings of different enclosure construction solutions.

  1. Thermal Transmission through Existing Building Enclosures: Destructive Monitoring in Intermediate Layers versus Non-Destructive Monitoring with Sensors on Surfaces

    Directory of Open Access Journals (Sweden)

    Víctor Echarri

    2017-12-01

    Full Text Available Opaque enclosures of buildings play an essential role in the level of comfort experienced indoors and annual energy demand. The impact of solar radiation and thermal inertia of the materials that make up the multi-layer enclosures substantially modify thermal transmittance behaviour of the enclosures. This dynamic form of heat transfer, additionally affected by indoor HVAC systems, has a substantial effect on the parameters that define comfort. It also has an impact on energy demand within a daily cycle as well as throughout a one-year use cycle. This study describes the destructive monitoring of an existing block of flats located in Alicante. Once the enclosure was opened, sensors of temperature (PT100, air velocity, and relative humidity were located in the different layers of the enclosure, as well as in the interior and exterior surfaces. A pyranometer was also installed to measure solar radiation levels. A temperature data correction algorithm was drawn up to address irregularities produced in the enclosure. The algorithm was applied using a Raspberry Pi processor in the data collection system. The comparative results of temperature gradients versus non-destructive monitoring systems are presented, providing measures of the transmittance value, surface temperatures and indoor and outdoor air temperatures. This remote sensing system can be used in future studies to quantify and compare the energy savings of different enclosure construction solutions.

  2. NASA's Indigenous Capacity Building Initiative: Balancing Traditional Knowledge and Existing Remote Sensing Training to Inform Management Decisions

    Science.gov (United States)

    McCullum, A. J. K.; Schmidt, C.; Palacios, S. L.; Ly, V.

    2017-12-01

    NASA's Indigenous Capacity Building Initiative is aimed to provide remote sensing training, mentoring, and research opportunities to the indigenous community. A key programmatic goal is the co-production of place-based trainings where participants have the opportunity to address specific natural resource research and management issues facing their tribal lands. Three primary strategies have been adopted to engage with our tribal partners, these include: (1) the use of existing tribal networks and conferences such as the National Tribal GIS Conference, (2) coordination with other federal agencies such as the Bureau of Indian Affairs (BIA) and tribal liaisons at regional Climate Science Centers, and (3) connecting with tribes directly. Regional partner visits with tribes, such as meetings with the Samish Indian Nation, are integral to cultivate trusting, collaborative, and sustained partnerships and an understanding of how Earth Observations can be applied to the unique set of challenges and goals each tribe faces. As the program continues to grow, we aim to increase our incorporation of Traditional Ecological Knowledge (TEK) into technical methods and to develop trainings tailored to thematic areas of interest to specific tribes. Engagement and feedback are encouraged to refine our approaches to increase capacity within the indigenous community to utilize NASA Earth Observations.

  3. Strategic stock management task for building corporations. Energy as part of the house quality; Strategisch voorraadbeheer taak woningcorporaties. Energie als onderdeel van de woonkwaliteit

    Energy Technology Data Exchange (ETDEWEB)

    Burdorf, E. [DWA installatie en energieadvies, Bodegraven (Netherlands)

    2006-03-15

    From a strategic stock management perspective building corporations should have a vision on what is important for future target groups: young or old, families or singles, income, etc. Those aspects have a great impact on the level of facilities and provisions in houses and the possibility to adjust houses by applying domotics, comfort cooling, care facilities, the use of renewable energy systems. [Dutch] Vanuit het strategisch voorraadbeheer van woningcorporaties is een visie op de toekomstige doelgroepen van belang. Vindt er een verschuiving plaats van jong naar oud? Gezinnen of juist alleenstaanden? Welke inkomensgroepen worden bediend? Dergelijke vragen hebben grote invloed op het voorzieningenniveau in de woningen. Flexibiliteit inbouwen door woningen gemakkelijk aanpasbaar te maken voor domotica, comfortkoeling, zorgfuncties, en met oog voor de opties voor duurzame energie. Want met de huidige stijgende energieprijzen kunnen de energielasten stijgen tot 40 procent van de woonkosten. Dat vraagt aandacht voor de post energie.

  4. Stock prices and business investment

    OpenAIRE

    Yaron Leitner

    2007-01-01

    Is there a link between the stock market and business investment? Empirical evidence indicates that there is. A firm tends to invest more when its stock price increases, and it tends to invest less when the price falls. In “Stock Prices and Business Investment,” Yaron Leitner discusses existing research that explains this relationship. One question under consideration is whether the stock market actually improves investment decisions.

  5. The experience of strengthening subsidence of the soil under the existing building in the city of Rostov-on-Don

    Directory of Open Access Journals (Sweden)

    Prokopov Albert

    2017-01-01

    Full Text Available Described problem for multi-storey residential development in the city of Rostov-on-Don on collapsible soils. The analysis of the technical and technological peculiarities of solidification under conditions of maintained buildings. Examples of projects of consolidation subsidence of foundation soils of buildings in operation 50–70 years.

  6. Compression stockings

    Science.gov (United States)

    Call your health insurance or prescription plan: Find out if they pay for compression stockings. Ask if your durable medical equipment benefit pays for compression stockings. Get a prescription from your doctor. Find a medical equipment store where they can ...

  7. Stock Status

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — These data inform the public of the most recent stock status for all stocks (FSSI and non-FSSI) in the fishery management unit contained in a fishery managment plan....

  8. Value Investing in the Stock Market of Thailand

    Directory of Open Access Journals (Sweden)

    Gerardo “Gerry” Alfonso Perez

    2017-11-01

    Full Text Available Value investment and growth investment have attracted a large amount of research in recent decades, but most of this research focuses on the U.S. and Europe. This article covers the Thai stock market which has very different characteristics compared to western markets and even South East Asian countries such as Indonesia or Malaysia. Among South East Asian countries, Thailand has one of the most dynamic capital markets. In order to see if some well-known trends in other markets exist in Thailand the performance of value and growth stocks in the Thai market were analyzed for a period of 17 years using existing style indexes (MSCI as well as creating portfolios using individual stocks. For this entire period, when using the indexes, returns are statistically significant superior for value stocks compared to growth stocks. However, when analyzing the performance of the market in any given calendar year from 1999 to 2016, the results are much more mixed with in fact growth stocks outperforming in several of those years. Interestingly, when building portfolios using criteria such as low P/E or low P/B the results are not statistically different. Suggesting perhaps that the classification into value or growth stocks is more complex than it would appear. One of the common assumptions of value investing is that those stocks outperform over long periods of time. It might well be that in the Thai case one year is not a long enough period for value stocks to outperform. While there have been some clear efforts over recent years to modernize the stock market of Thailand, it remains relatively underdeveloped, particularly when compared to markets such as the U.S. Hence, its behavior regarding value versus growth investment might be rather different.

  9. Baseline analysis of the existing capacities and needs for capacity building for Marine Strategy Framework Directive implementation in the Celtic Seas sub-region.

    OpenAIRE

    Twomey, Sarah; O'Mahony, Cathal

    2013-01-01

    This report evaluates the existing situation in the Celtic Seas sub-region and determines the current state of preparedness for transboundary management of marine ecosystems and MSFD implementation. Recommendations for capacity building are provided through the analysis of the existing conflicts and potential synergies between relevant policies, institutions and information resources for MSFD implementation across the region. This report strives to empower stakeholders through the provision o...

  10. Technology line and case analysis of heat metering and energy efficiency retrofit of existing residential buildings in Northern heating areas of China

    International Nuclear Information System (INIS)

    Zhao Jing; Zhu Neng; Wu Yong

    2009-01-01

    The building area in northern heating areas accounting for 70% of the total land area in China is 6,500,000,000 m 2 . The average heating energy consumption in northern China is 100-200% times more than developed countries in the same latitude. This paper introduced firstly the heat metering and energy efficiency retrofit background of existing residential buildings in northern heating areas of China organized by mohurd and MOF, and then put forward the total principle and contents of retrofit. Through analyzing some retrofit cases in Germany, Poland and China, some technological experiences were summarized and finally a technology line suitable for heat metering and energy efficiency retrofit of existing residential buildings in northern heating areas of China which involved retrofit for heat metering and temperature regulation of heating systems, heat balance of heat source and network, and building envelope was described to provide a systematic, scientific, technological guide for the retrofit projects of 0.15 billion m 2 in 'the Eleventh Five-Year Plan' period.

  11. Legal concepts to eliminate the bottleneck in energy-saving modernisations for existing buildings; Rechtskonzepte zur Beseitigung des Staus energetischer Sanierungen im Gebaeudebestand

    Energy Technology Data Exchange (ETDEWEB)

    Klinski, Stefan [Hochschule fuer Wirtschaft und Recht (HWR), Berlin (Germany)

    2009-10-15

    The research project looked at the following: 1. Whether and to what extent the German tenancy law creates, on the one hand, adequate incentives for energy-saving modernisations of existing buildings, on the one hand, and, on the other, whether it creates legal obstacles. 2. How these obstacles could be eliminated i.e. by changing existing tenancy law and instead creating stimuli for energy-saving modernization of existing rental buildings. The report contents a number of specific recommendations for an energy-related reform of the German tenancy law. Major recommendations are: - to eliminate the current toleration duty for modernisation measures if changes are made to the building that conflict with the duties arising from the energy saving provisions of public law, - to consider energy-saving characteristics in the reference rent customary in the locality, - to create a possibility for imposing a flat-rate surcharge which is linked to the savings in heating costs for energy-saving improvement. (orig.)

  12. Company Stock in Pension Funds

    OpenAIRE

    Even, William E.; Macpherson, David

    2004-01-01

    This study examines several issues surrounding the tendency for some pension funds to invest in their own company’s stock. After reviewing the existing literature describing the benefits and costs of investing in company stock, the legislative environment surrounding company stock holdings is reviewed. Using data from Internal Revenue Service Form 5500 filings on the pension fund holdings of over 300,000 defined–contribution pension plans in the 1990s, we show that about one out of ten define...

  13. Application of Prefabricated Panels for the Energy Retrofit of Portuguese Residential Buildings Facades: A Case Study

    Directory of Open Access Journals (Sweden)

    Sousa J.

    2013-09-01

    Full Text Available This article aims to evaluate the potential application of prefabricated panels in energy retrofit of facades in the Portuguese building stock. The fundamentals of this study were part of Annex 50, which was an international ECBCS IEA project, with the purpose of developing an innovative concept of building renovation for the most representative buildings based on prefabricated systems. To analyze the potential application of energy retrofit using prefabricated panels, was important to know the reality of the existing building stock and its morphology. To know the reality of the building stock, an analysis was done based on the existing statistical data and to find the most representative residential buildings, target of the study, three criteria were defined: buildings built before 1990, with 2 to 6 floors and with renovation needs in the exterior envelope.

  14. Evaluation of main control room habitability in Japanese LWR (2). Evaluation for applicability of existing atmospheric dispersion models to building wake dispersion by using wind tunnel experiment

    International Nuclear Information System (INIS)

    Fukuda, Ryo; Fujita, Yuko; Yoneda, Jiro; Okabayashi, Kazuki; Tabuse, Shigehiko; Watada, Masayuki

    2009-01-01

    dispersion effect exists behind a building. Regarding the degree of meandering effect with dispersion by a building, however, the further investigation would still be necessary for a conclusion. At an additional experiment with a model of a higher release point similar to BWR LOCA showed no significant dispersion effect behind a building. The prediction of both of past and recent prediction models did not show an enough good agreement with this experimental data. The configuration coefficient by Gifford model, only predicting the experiment with PWR LOCA, was widely ranged between 0.1 and 1.0 on the roof of the building. (author)

  15. Decreasing of energy consumption for space heating in existing residential buildings; Combined geothermal and gas district heating systems

    International Nuclear Information System (INIS)

    Rosca, Marcel

    2000-01-01

    The City of Oradea, Romania, has a population of about 230 000 inhabitants. Almost 70% of the total heat demand, including industrial, is supplied by a classical East European type district heating system. The heat is supplied by two low grade coal fired co-generation power plants. The oldest distribution networks and substitutions, as well as one power plant, are 35 years old and require renovation or even reconstruction. The geothermal reservoir located under the city supplies at present 2,2% of the total heat demand. By generalizing the reinjection, the production can be increased to supply about 8% of the total heat demand, without any significant reservoir pressure or temperature decline over 25 years. Another potential energy source is natural gas, a main transport pipeline running close to the city. Two possible scenarios are envisaged to replace the low grade coal by natural gas and geothermal energy as heat sources for Oradea. In one scenario, the geothermal energy supplies the heat for tap water heating and the base load for space heating in a limited number of substations, with peak load being produced by natural gas fired boilers. In the other scenario, the geothermal energy is only used for tap water heating. In both scenarios, all substations are converted into heat plants, natural gas being the main energy source. The technical, economic, and environmental assessment of the two proposed scenarios are compared with each other, as well as with the existing district heating system. Two other possible options, namely to renovate and convert the existing co-generation power plants to natural gas fired boilers or to gas turbines, are only briefly discussed, being considered unrealistic, at least for the short and medium term future. (Author)

  16. Target-oriented obstacle analysis by PESTEL modeling of energy efficiency retrofit for existing residential buildings in China's northern heating region

    Energy Technology Data Exchange (ETDEWEB)

    Shilei, Lv [School of Environment Science and Technology, Tianjin University, Tianjin 300072 (China); Yong, Wu [Department of Science and Technology, Ministry of Housing and Urban-Rural Development of the People' s Republic of China, Beijing 100835 (China)

    2009-06-15

    According to the 'Comprehensive Work Program of Energy Efficiency and Emission Reduction' of the Chinese government, during the period of the '11th Five-Year Plan', 1.5 x 10{sup 8} m{sup 2} of existing residential buildings in China's northern heating region are to be retrofitted for energy efficiency. However, at present, this 'Energy Efficiency Retrofit for Existing Residential Buildings' (EERFERB) faces many obstacles. Under the current working and market system, both the central and local governments and the energy supply companies can not push on this work smoothly. Using both the results of the annual national special inspection of building energy efficiency and some case analyses, this paper examines the necessity for energy efficiency retrofit, along with the relationships among the various Political, Economic, Social, Technological, Environmental and Legal (PESTEL) factors affecting it. Furthermore, organizational, financial and technical support systems are explored to promote the development of retrofit. Finally, some primary principles to be followed toward the implementation of EERFERB are suggested. (author)

  17. Target-oriented obstacle analysis by PESTEL modeling of energy efficiency retrofit for existing residential buildings in China's northern heating region

    International Nuclear Information System (INIS)

    Shilei, Lv; Wu Yong

    2009-01-01

    According to the 'Comprehensive Work Program of Energy Efficiency and Emission Reduction' of the Chinese government, during the period of the '11th Five-Year Plan', 1.5x10 8 m 2 of existing residential buildings in China's northern heating region are to be retrofitted for energy efficiency. However, at present, this 'Energy Efficiency Retrofit for Existing Residential Buildings' (EERFERB) faces many obstacles. Under the current working and market system, both the central and local governments and the energy supply companies can not push on this work smoothly. Using both the results of the annual national special inspection of building energy efficiency and some case analyses, this paper examines the necessity for energy efficiency retrofit, along with the relationships among the various Political, Economic, Social, Technological, Environmental and Legal (PESTEL) factors affecting it. Furthermore, organizational, financial and technical support systems are explored to promote the development of retrofit. Finally, some primary principles to be followed toward the implementation of EERFERB are suggested.

  18. Investigation of the effectiveness of structural measures for reducing the radiation exposure of the population in aeras with enhanced natural radioactivity. A measuring campaign in existing buildings

    International Nuclear Information System (INIS)

    Leidner, L.; Urban, M.

    1986-01-01

    For this measuring campaign, buildings of different structural design located close to each other have been selected in an area with enhanced natural radioactivity in order to find out any differences in indoor radioactivity levels that can be attributed to structural design features. The measuring results show that the structural condition of the cellar is the decisive factor determining the radon concentration in a house for the case that the surrounding earth is the main radon source. In houses with an unimpaired concrete cellar flooring, radon concentrations in the ground floor have been found to be lower by a factor of 5-10 than in houses with a natural rock basement. Building materials have been found to have an effect at only comparably low radon concentrations. Expected impacts of structural measures, as e.g. thermal insulation windows, could not be proven (except for some half-timber buildings). The results of this measuring campaign that allow a direct house-to-house comparison do not confirm the relation between gamma dose rate and radon concentration postulated by results of a data collection campaign made in various administrative districts. The effectiveness of given structural variations cannot be proven by measurements in existing houses. This would rather require pin-pointed structural modifications for assessment, which can be done in a building chosen for this purpose. (orig./HP) [de

  19. Performance Analysis of an Integrated Heat Pump with Air-Conditioning System for the Existing Hospital Building Application

    Directory of Open Access Journals (Sweden)

    Chen-Yu Chiang

    2017-03-01

    Full Text Available In this study, a complete evaluation procedure of energy-saving and efficiency improvement for a large-scale hospital retrofit project has been established and successfully validated in Taiwan. The retrofit scheme, in integrating the alternative hot water system, namely, a water source heat pump (WSHP, with the existing HVAC (Heating, Ventilating, and Air-Conditioning system, enables the capability to meet the cooling and hot water demand simultaneously with a larger safety margin as well as saving energy. In addition, it has been found that the integrated system provides a new source for cooling which can be utilized as a system redundancy in avoiding system shutdown. This is very useful when considering in specific areas in the hospital, such as intensive care unit, or operation rooms, where cooling should not be interrupted on any occasion. In this study, it is validated that the coefficient of performance (COP of the newly added WSHP system, under heating and cooling mode, is 3.62 and 2.62, respectively. The recorded annual cost reduction by this integrated system is $102,564, with a payback of 1.2 years. The hospital after retrofit has been operating safer, with more redundancy, and more energy-efficient which warrants tremendous potential for implementation in the industry.

  20. Use of error-detection and diagnosis methods in existing buildings - Final report; Einsatz von Fehlerdetektions- und Diagnosemethoden in realen Gebaeuden (IEA Annex 34) - Schlussbericht

    Energy Technology Data Exchange (ETDEWEB)

    Gruber, P.

    2000-10-15

    This report for the Swiss Federal Office of Energy (SFOE) discusses the results of tests made with two expert systems used for error-detection and diagnosis in existing buildings. These expert systems were developed within the framework of the International Energy Agency's (IEA) Annex 25 Project entitled 'Real Time Simulation of Heating, Ventilation and Air-conditioning (HVAC) Systems for Building Optimisation, Fault Detection and Diagnosis'. The aim of using these tools was to help detect planning, installation and commissioning errors. These cannot only affect system performance but also can cause increased energy consumption and a reduction of the working life of the system's components. The tests of the tools took place within the framework of the IEA's Annex 34 'Computer-aided Evaluation of HVAC System Performance: the Practical Application of Fault Detection and Diagnosis Techniques in Real Buildings'. Experience gained with the two tools is presented and discussed. The quality of the results and the use of the systems in practice are discussed and commented on. They strongly differ from one tool to the other.

  1. TECHNIQUES FOR RECONSTRUCTION OF THE PRESERVED HOUSING STOCK

    Directory of Open Access Journals (Sweden)

    Kustikova Yuliya Olegovna

    2017-10-01

    Full Text Available Nowadays in Russian cities a significant part of the housing stock in areas of existing buildings has a high level of physical and moral deterioration, indicators of infrastructure elements do not meet the current and future requirements. Reconstruction of residential buildings is one of the important directions in solving the housing problem. This will allow us to not only extend the life cycle but also significantly improve the quality of housing, eliminate a communal settlement, provide the houses with modern engineering equipment, improve architectural expressiveness of buildings and increase their energy efficiency. For buildings of different construction periods an individual approach is required in the development of methods and technologies of reconstruction. At the same time, the process should take place not in a separate building but in a group of buildings, neighborhood or district. This makes it possible to undertake a comprehensive assessment of the urban development situation and make the most rational decisions to meet modern conditions, and provide logical connection between various architectural trends. At the same time, there are possibilities for compaction and decompaction of buildings, the rational use of inter-district, underground space and communication systems. Moscow region is a large region, which occupies an area of 46 thousand square kilometers. The region includes more than 38 municipalities (municipal districts, urban and rural settlements. The region’s population is more than 7 million people. Moscow oblast has a central location in the Russian Federation and a close relationship with the capital. This relationship with Moscow is manifested through common social, scientific, industrial, transport links, environmental protection problems, labor resources. In 2016 the total area of the housing stock in Moscow region was about 220 million sq. m. The total area of dilapidated and emergency housing stock is just

  2. Thermal environmental case study of an existing underfloor air distribution (UFAD) system in a high-rise building in the tropics

    Science.gov (United States)

    Ya, Y. H.; Poh, K. S.

    2015-09-01

    The performance of an existing underfloor air distribution (UFAD) system in a renowned high-rise office tower in Malaysia was studied to identify the root cause issues behind the poor indoor air quality. Occupants are the best thermal sensor. The building was detected with the sick building syndrome (SBS) that causes runny noses, flu-like symptoms, irritated skin, and etc. Long period of exposure to indoor air pollutants may increase the occupant's health risk. The parameters such as the space temperature, relative humidity, air movement, air change, fresh air flow rate, chilled water supply and return are evaluated at three stories that consist of five open offices. A full traverse study was carried out at one of the fresh air duct. A simplified duct flow measurement method using pitot-tubes was developed. The results showed that the diffusers were not effective in creating the swirl effect to the space. Internal heat gain from human and office electrical equipment were not drawn out effectively. Besides, relative humidity has exceeded the recommended level. These issues were caused by the poor maintenance of the building. The energy efficiency strategy of the UFAD system comes from the higher supply air temperature. It may leads to insufficient cooling load for the latent heat gained under improper system performance. Special care and considerations in design, construction and maintenance are needed to ensure the indoor air quality to be maintained. Several improvements were recommended to tackle the existing indoor air quality issues. Solar system was studied as one of the innovative method for retrofitting.

  3. Improving benefit-cost analysis to overcome financing difficulties in promoting energy-efficient renovation of existing residential buildings in China

    International Nuclear Information System (INIS)

    Wang, Xiaotong; Lu, Meijun; Mao, Wei; Ouyang, Jinlong; Zhou, Bo; Yang, Yunkai

    2015-01-01

    Highlights: • Financing difficulties hinder energy retrofit of aging residential buildings in China. • New indices based on benefit-cost analysis are presented to overcome barriers. • New indices can be applied to rank energy measures and propose optimum plans. • Improved benefit-cost analysis will attract the government and residents to co-invest. • A “win–win” model means the governments and residents can co-invest and co-benefit. - Abstract: Energy-efficient renovation of existing residential buildings is an important energy policy in China, but financing difficulties seriously hinder the promotion of the policy. In this article, novel indices based on benefit-cost analysis are presented to overcome the barriers. Firstly, benefit-cost analysis is expanded to include the ratio of energy-saving benefit to investment cost (EnIR), the ratio of environmental benefit to investment cost (EvIR), and the ratio of economic benefit to investment cost (EcIR). The above ratios are applied to determine the optimum plans with the highest cost-effectiveness for the buildings to be renovated. Secondly, according to the actual situation regarding both the government and residents, EnIR is modified to the ratio of energy-saving benefit from the retrofit plan to the part of the investment cost undertaken by the government (EnIgR), EvIR to the ratio of environmental benefit from the retrofit plan to the part of the investment cost undertaken by the government (EvIgR), and EcIR to the ratio of economic benefit from the retrofit plan to the part of the investment cost undertaken by residents (EcIrR). The modified ratios can increase awareness of residents in respect of their individual benefits from the adoption of the optimum plans, and can attract them to co-invest. Through these two steps, financing difficulties could be eased or even no longer considered as obstacles to some extent. The ratios are applied to a case study building in Hangzhou. Based on the results

  4. Proposed and existing passive and inherent safety-related structures, systems, and components (building blocks) for advanced light-water reactors

    International Nuclear Information System (INIS)

    Forsberg, C.W.; Moses, D.L.; Lewis, E.B.; Gibson, R.; Pearson, R.; Reich, W.J.; Murphy, G.A.; Staunton, R.H.; Kohn, W.E.

    1989-10-01

    A nuclear power plant is composed of many structures, systems, and components (SSCs). Examples include emergency core cooling systems, feedwater systems, and electrical systems. The design of a reactor consists of combining various SSCs (building blocks) into an integrated plant design. A new reactor design is the result of combining old SSCs in new ways or use of new SSCs. This report identifies, describes, and characterizes SSCs with passive and inherent features that can be used to assure safety in light-water reactors. Existing, proposed, and speculative technologies are described. The following approaches were used to identify the technologies: world technical literature searches, world patent searches, and discussions with universities, national laboratories and industrial vendors. 214 refs., 105 figs., 26 tabs

  5. Proposed and existing passive and inherent safety-related structures, systems, and components (building blocks) for advanced light-water reactors

    Energy Technology Data Exchange (ETDEWEB)

    Forsberg, C.W.; Moses, D.L.; Lewis, E.B.; Gibson, R.; Pearson, R.; Reich, W.J.; Murphy, G.A.; Staunton, R.H.; Kohn, W.E.

    1989-10-01

    A nuclear power plant is composed of many structures, systems, and components (SSCs). Examples include emergency core cooling systems, feedwater systems, and electrical systems. The design of a reactor consists of combining various SSCs (building blocks) into an integrated plant design. A new reactor design is the result of combining old SSCs in new ways or use of new SSCs. This report identifies, describes, and characterizes SSCs with passive and inherent features that can be used to assure safety in light-water reactors. Existing, proposed, and speculative technologies are described. The following approaches were used to identify the technologies: world technical literature searches, world patent searches, and discussions with universities, national laboratories and industrial vendors. 214 refs., 105 figs., 26 tabs.

  6. Research on the evaluation system for heat metering and existing residential building retrofits in northern regions of China for the 12th five-year period

    International Nuclear Information System (INIS)

    Xin, Liu; Yan, Ding; Yujia, Tong; Neng, Zhu; Zhe, Tian

    2014-01-01

    On the basis of ERBR (existing residential building retrofit) work in the 11th five-year period, energy efficiency retrofits for old residential buildings have been further promoted in northern regions of China during the 12th five-year period. ERBR projects are capable of not only achieving energy conservation and emissions reductions but also providing warmer rooms for residents during cold winters. Therefore, this project should be continued in northern regions of China following a long-term management mode. With the aim of exploring methods and mechanisms for the evaluation of the retrofit effect, an evaluation method was established with the application of the multi-level expert evaluation method. The evaluation indexes cover the aspects of policy mechanisms, financing modes and technical measures. A rewards and punishment mechanism according to the evaluation system was also suggested. Such an evaluation system can be used as a valuable reference for future implementation of energy efficiency retrofit work. - Highlights: • With the AHPD method, the evaluation system of the ERBR was set up to complete. • There are 29 indicators, including policies, financings and technologies. • Rewards and punishment mechanisms are offered to the ERBR. • For weight value more than 0.06, long-term practice and accumulation are needed

  7. ResStock - Targeting Energy and Cost Savings for U.S. Homes

    Energy Technology Data Exchange (ETDEWEB)

    Wilson, Eric J [National Renewable Energy Laboratory (NREL), Golden, CO (United States)

    2017-09-29

    The ResStock analysis tool is helping states, municipalities, utilities, and manufacturers identify which home upgrades save the most energy and money. Across the country there's a vast diversity in the age, size, construction practices, installed equipment, appliances, and resident behavior of the housing stock, not to mention the range of climates. These variations have hindered the accuracy of predicting savings for existing homes. Researchers at the National Renewable Energy Laboratory (NREL) developed ResStock. It's a versatile tool that takes a new approach to large-scale residential energy analysis by combining: large public and private data sources, statistical sampling, detailed subhourly building simulations, high-performance computing. This combination achieves unprecedented granularity and most importantly - accuracy - in modeling the diversity of the single-family housing stock.

  8. Framework of stock-recovery strategies: analyses of factors affecting success and failure

    DEFF Research Database (Denmark)

    Hammer, Cornelius; Dorrien, Christian von; Hopkins, Christopher C. E.

    2010-01-01

    The EU FP6 UNCOVER project was aimed at producing a rational scientific basis for developing recovery strategies for some ecologically and socio-economically important fish stocks/fisheries in European seas. The immediate objectives were to identify changes experienced during stock depletion...... to the recovery of more than 30 fish stocks/fisheries worldwide by multivariate exploratory analysis (canonical correspondence analysis), followed by model building [discriminant analysis (DA)] to quantify the relative importance of key performance criteria, singly or combined. Using the existing database, DA...... indicated that the four best additive predictors of successful recovery were “rapid reduction in fishing mortality”, “environmental conditions during the recovery period”, “life-history characteristics” of the target stock, and “management performance criteria”. The model classified the status “recovered...

  9. Constructing in the monument. Respecting the Old and mark the New. Cost-reliable planning during building upon existing structures; Bauen im Denkmal. Altes achten und Neues kenntlich machen. Kostensicher planen beim Bauen im Bestand

    Energy Technology Data Exchange (ETDEWEB)

    Schneider-Sorger, Roswitha [ORCA Software GmbH, Rosenheim (Germany)

    2011-07-01

    The revitalization of historically protected real estate is a passion of the owners - the family Werndl (Rosenheim, Federal Republic of Germany). In the case of the Old spinning mill in the Kolbenmotor near Rosenheim a whole district was arranged new. The highest premise of the planning team Quest Architekten GBR (Rosenheim, Federal Republic of Germany) was to respect and receive the rough charm of the building stock. This also becomes clear considering the two-storey Batteur building of 1862 being a component of the energy centre of the spinning mill. Once cotton was cleaned, now shops and gastronomy are in the ground floor as well as practices and office units in the upper floor.

  10. Review of existing instrumentation and evaluation of possibilities for research and development of instrumentation to determine future levels of radon at a proposed building site

    International Nuclear Information System (INIS)

    1983-01-01

    The rate at which radon enters houses from the soil depends on the pressure differential between the house and the soil, the resistance of the soil to gas movement, and the radon release rate of the soil near the house. The pressure differential between house and soil is caused by wind forces and temperature differences, which depend on the size of the building and the season, and are therefore almost independent of the site location. The soil resistance (permeability) and radon release rate are site specific, and a computer study of radon movement through the soil suggested that these parameters could be combined to give a Radon Index Number (RIN) for a site that would be proportional to the radon entry rate into a typical house. Regional RIN estimates would be produced using existing airborne gamma survey maps to estimate average soil radon release rate, plus agricultural soil classification maps to estimate permeability. Area RIN estimates would be produced using portable gamma spectroscopy equipment to estimate soil radon release rates over an area, plus simple soil grain size analysis techniques to estimate permeability. Site RIN estimates would be produced using laboratory techniques to measure both the radon release rate and the permeability of several undisturbed soil core samples taken at depths over the site. These would provide the most accurate value of RIN possible for a given site

  11. Which stocks are profitable? A network method to investigate the effects of network structure on stock returns

    Science.gov (United States)

    Chen, Kun; Luo, Peng; Sun, Bianxia; Wang, Huaiqing

    2015-10-01

    According to asset pricing theory, a stock's expected returns are determined by its exposure to systematic risk. In this paper, we propose a new method for analyzing the interaction effects among industries and stocks on stock returns. We construct a complex network based on correlations of abnormal stock returns and use centrality and modularity, two popular measures in social science, to determine the effect of interconnections on industry and stock returns. Supported by previous studies, our findings indicate that a relationship exists between inter-industry closeness and industry returns and between stock centrality and stock returns. The theoretical and practical contributions of these findings are discussed.

  12. Building resilience in urban settlements through conversion adaptation

    NARCIS (Netherlands)

    Wilkinson, S.J.; Remøy, H.T.

    2015-01-01

    The built environment contributes 40% to total global greenhouse gas emissions and 87% of the buildings we will have in 2050 are already built. If predicted climate changes are correct we need to adapt existing stock sustainably. Reuse is an inherently sustainable option, which reduces the amount of

  13. Economic Energy Savings Potential in Federal Buildings

    Energy Technology Data Exchange (ETDEWEB)

    Brown, Daryl R.; Dirks, James A.; Hunt, Diane M.

    2000-09-04

    The primary objective of this study was to estimate the current life-cycle cost-effective (i.e., economic) energy savings potential in Federal buildings and the corresponding capital investment required to achieve these savings, with Federal financing. Estimates were developed for major categories of energy efficiency measures such as building envelope, heating system, cooling system, and lighting. The analysis was based on conditions (building stock and characteristics, retrofit technologies, interest rates, energy prices, etc.) existing in the late 1990s. The potential impact of changes to any of these factors in the future was not considered.

  14. Building adaptive capacity for flood proofing in urban areas through synergistic interventions

    NARCIS (Netherlands)

    Veerbeek, W.; Ashley, R.M.; Zevenbergen, C.; Rijke, J.S.; Gersonius, B.

    2010-01-01

    Few, if any urban areas are nowadays built in isolation from existing developments. Therefore, urban expansion and making existing urban areas more sustainable is a contemporary goal. There are major opportunities to do this through the ‘normal’ renewal of urban infrastructure and building stocks

  15. Building America Case Study: Whole-House Solutions for Existing Homes: Greenbelt Homes, Inc. Pilot Retrofit Program; Whole-House Solutions for Existing Homes, Energy Efficiency & Renewable Energy (EERE)

    Energy Technology Data Exchange (ETDEWEB)

    None

    2015-06-01

    In the fall of 2010, a multiyear pilot energy efficiency retrofit project was undertaken by Greenbelt Homes, Inc, (GHI) a 1,566 home cooperative of circa 1930 and 1940 homes in Greenbelt, Maryland. GHI established this pilot project to serve as a basis for decision making for the rollout of a decade-long community-wide upgrade program that will incorporate energy efficiency improvements to the building envelope and mechanical equipment. With the community upgrade fully funded by the cooperative through their membership without outside subsidies, this project presents a unique opportunity to evaluate and prioritize the wide-range of benefits of high-performance retrofits based on member experience with and acceptance of the retrofit measures implemented during the pilot project. Addressing the complex interactions between benefits, trade-offs, construction methods, project management implications, realistic upfront costs, financing, and other considerations, serves as a case study for energy retrofit projects to include high-performance technologies based on the long-term value to the homeowner. The pilot project focused on identifying the added costs and energy savings benefits of improvements. Phase 1: baseline evaluation for a representative set of 28 homes sited in seven buildings; Phase 2: installation of the building envelope improvements and continued monitoring of the energy consumption for the heating season and energy simulations supporting recommendations for HVAC and water heating upgrades to be implemented in Phase 3.

  16. Check and evaluation system on heat metering and energy efficiency retrofit of existing residential buildings in northern heating areas of china based on multi-index comprehensive evaluation method

    International Nuclear Information System (INIS)

    Zhao Jing; Wu Yong; Zhu Neng

    2009-01-01

    Heat metering and energy efficiency retrofit of existing residential buildings in northern heating areas of China is organized and implemented in a large scale by local government in 15 provinces of North China with the unified guidance and control of central government. Firstly, this paper introduced the target of energy-saving reformation of existing residential buildings in North China and the importance of check and evaluation on this target, then pointed out the necessity of building up an evaluation system for energy-saving retrofit. According to the analytical hierarchy process (AHP), three-grade evaluation system was built up for heat metering and energy efficiency retrofit of existing residential buildings in northern heating areas of China. Also, based on multi-index comprehensive evaluation method combined with life cycle assessment (LCA) theory, post-evaluation thought and successful degree evaluation method, a mathematical model was established. Finally, a set of scientific method for evaluating heat metering and energy efficiency retrofit of existing residential buildings in northern heating areas of China systematically, scientifically, comprehensively and objectively was created.

  17. Building Inventory Database on the Urban Scale Using GIS for Earthquake Risk Assessment

    Science.gov (United States)

    Kaplan, O.; Avdan, U.; Guney, Y.; Helvaci, C.

    2016-12-01

    The majority of the existing buildings are not safe against earthquakes in most of the developing countries. Before a devastating earthquake, existing buildings need to be assessed and the vulnerable ones must be determined. Determining the seismic performance of existing buildings which is usually made with collecting the attributes of existing buildings, making the analysis and the necessary queries, and producing the result maps is very hard and complicated procedure that can be simplified with Geographic Information System (GIS). The aim of this study is to produce a building inventory database using GIS for assessing the earthquake risk of existing buildings. In this paper, a building inventory database for 310 buildings, located in Eskisehir, Turkey, was produced in order to assess the earthquake risk of the buildings. The results from this study show that 26% of the buildings have high earthquake risk, 33% of the buildings have medium earthquake risk and the 41% of the buildings have low earthquake risk. The produced building inventory database can be very useful especially for governments in dealing with the problem of determining seismically vulnerable buildings in the large existing building stocks. With the help of this kind of methods, determination of the buildings, which may collapse and cause life and property loss during a possible future earthquake, will be very quick, cheap and reliable.

  18. Global climate-oriented building energy use scenarios

    International Nuclear Information System (INIS)

    Harvey, L.D. Danny

    2014-01-01

    This paper explores the extent to which global fuel use in buildings could be reduced, and the growth in global electricity use in buildings limited, by applying stringent (factor of 3–4) improvements to recent building codes for new buildings worldwide and large (factor of 2–3) reductions in the energy use of existing buildings through renovations. The analysis is carried out for 10 different socio-economic regions of the world, taking into account existing building stock and energy intensities in each region and projected changes in population and income, which in most parts of the world will drive large increases in building floor area. A stock turnover model is applied to project changes in heating, cooling, service hot water (SHW) and non-thermal electricity demand with various rates of improvement in standards for new and renovated buildings, and various rates of renovation and demolition of existing buildings. For a scenario in which population peaks at about 9 billion and global average per capita GDP increases to twice the 2010 value by 2100, the global fuel demand could be reduced by a factor of four while limiting maximum annual electricity demand to twice the 2010 value. - Highlights: • A detailed model for generating global scenarios of building energy use is presented. • Drivers of increasing energy use are population and per capita GDP in 10 regions. • Heating, cooling and ventilation energy uses are projected using a stock turnover model. • Global building fuel demand could decrease by 60–80% by 2100 relative to 2010. • Global building electricity demand could be limited to a 100–200% increase

  19. Energy in buildings: Efficiency, renewables and storage

    Science.gov (United States)

    Koebel, Matthias M.

    2017-07-01

    This lecture summary provides a short but comprehensive overview on the "energy and buildings" topic. Buildings account for roughly 40% of the global energy demands. Thus, an increased adoption of existing and upcoming materials and solutions for the building sector represents an enormous potential to reduce building related energy demands and greenhouse gas emissions. The central question is how the building envelope (insulation, fenestration, construction style, solar control) affects building energy demands. Compared to conventional insulation materials, superinsulation materials such as vacuum insulation panels and silica aerogel achieve the same thermal performance with significantly thinner insulation layers. With low-emissivity coatings and appropriate filler gasses, double and triple glazing reduce thermal losses by up to an order of magnitude compared to old single pane windows, while vacuum insulation and aerogel filled glazing could reduce these even further. Electrochromic and other switchable glazing solutions maximize solar gains during wintertime and minimize illumination demands whilst avoiding overheating in summer. Upon integration of renewable energy systems into the building energy supply, buildings can become both producers and consumers of energy. Combined with dynamic user behavior, temporal variations in the production of renewable energy require appropriate storage solutions, both thermal and electrical, and the integration of buildings into smart grids and energy district networks. The combination of these measures allows a reduction of the existing building stock by roughly a factor of three —a promising, but cost intensive way, to prepare our buildings for the energy turnaround.

  20. Stock Market Overreaction and Trading Volume: Evidence from Malaysia

    OpenAIRE

    Ruhani Ali; Zamri Ahmad; Shangkari V. Anusakumar

    2011-01-01

    We investigate the stock market overreaction in Bursa Malaysia from January 2000 to October 2010 using weekly data. We find that winner portfolios tend to have negative returns whereas loser portfolios have positive returns for various holding periods from 1 to 52 weeks. Loser stocks experience more persistent and stronger return reversals than winner stocks. The evidence implies that a lower level of overreaction exists for winner stocks. Overall, a loser-winner portfolio yields highly signi...

  1. Structural affection of the integration of the solar panels in existing buildings; Afeccion estructural de la integracion de los paneles solares en edificios existentes

    Energy Technology Data Exchange (ETDEWEB)

    Mencias, D. C.; Arroba, M. F.

    2008-07-01

    For a short time, is obligatory to install solar and/or photovoltaic panels, not only in new buildings, even those who are subjected to a important reform or rehabilitation. The installation of these panels, involves a series of structural impacts on the structure of the buildings where they are installed, which originally had not been planned or considered in loads evaluation. These new actions are originated both in the weight of the solar elements as a resistance that oppose the wind force and the consequent counterweights. This communication proposes the analysis of the reduction that these new loads cause in safety factors considered in the initial calculation. Permanent loads influence direct their own panels and the accumulation of deposits and derivative, such as caused by the counterweights installed for the wind, are analyzed in Ultimated State Limits. (Author)

  2. Material Stock Demographics: Cars in Great Britain.

    Science.gov (United States)

    Cabrera Serrenho, André; Allwood, Julian M

    2016-03-15

    Recent literature on material flow analysis has been focused on quantitative characterization of past material flows. Fewer analyses exist on past and prospective quantification of stocks of materials in-use. Some of these analyses explore the composition of products' stocks, but a focus on the characterization of material stocks and its relation with service delivery is often neglected. We propose the use of the methods of human demography to characterize material stocks, defined herein as stock demographics, exploring the insights that this approach could provide for the sustainable management of materials. We exemplify an application of stock demographics by characterizing the composition and service delivery of iron, steel, and aluminum stocks of cars in Great Britain, 2002-2012. The results show that in this period the stock has become heavier, it is traveling less, and it is idle for more time. The visualization of material stocks' dynamics demonstrates the pace of product replacement as a function of its usefulness and enables the formulation of policy interventions and the exploration of future trends.

  3. Stock Indices as Generalizing Indicators of the Stock Markets Condition in the European Union Countries

    Directory of Open Access Journals (Sweden)

    Shuba M. V.

    2015-03-01

    Full Text Available The aim of the article is to determine the degree of interdependence of stock markets in separate countries of the European Union, namely: France, Germany, Great Britain, Poland, the Czech Republic and Hungary on the basis of studying the changes in stock indexes, as well as determining the existence of tendencies of approximating the dynamics of the national stock index «PFTS Index» to the corresponding dynamics of stock indexes in surveyed countries. The article analyzes the dynamics of changes in stock indices in the UK (FTSE, Germany (DAX 30, France (CAC 40 and pan-European ones (EURO STOXX 50, as well as changes in stock indices in Poland (WIG 20, Czech Republic (PX, Hungary (BUX. Calculations of the coefficients of pair correlation between changes in stock indices in the studied countries have been performed. The calculation results show a substantial connection between the indicators of changes in stock indices and allow to make a conclusion that in the dynamics of stock indices of national stock markets of the studied EU countries some common trends are observed, moreover, in the behavior of the considered indices common local trends are noticed as well. The author calculated the coefficient of pair correlation between the indicators of changes in the national stock index «PFTS Index» and the stock indices of the «old» and «new» EU countries. The calculations showed that the PFTS Index does not demonstrate a high level of correlation with stock indices of the «old» EU countries and has a tendency of approaching the corresponding dynamics of stock indices of the «new» EU countries.

  4. Policy Pathways: Modernising Building Energy Codes

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2013-08-01

    Buildings are the largest consumers of energy worldwide and will continue to be a source of increasing energy demand in the future. Globally, the sector’s final energy consumption doubled between 1971 and 2010 to reach 2 794 million tonnes of oil equivalent (Mtoe), driven primarily by population increase and economic growth. Under current policies, the global energy demand of buildings is projected by the IEA experts to grow by an additional 838 Mtoe by 2035 compared to 2010. The challenges of the projected increase of energy consumption due to the built environment vary by country. In IEA member countries, much of the future buildings stock is already in place, and so the main challenge is to renovate existing buildings stock. In non-IEA countries, more than half of the buildings stock needed by 2050 has yet to be built. The IEA and the UNDP partnered to analyse current practices in the design and implementation of building energy codes. The aim is to consolidate existing efforts and to encourage more attention to the role of the built environment in a low-carbon and climate-resilient world. This joint IEA-UNDP Policy Pathway aims to share lessons learned between IEA member countries and non-IEA countries. The objective is to spread best practices, limit pressures on global energy supply, improve energy security, and contribute to environmental sustainability. Part of the IEA Policy Pathway series, Modernising building energy codes to secure our global energy future sets out key steps in planning, implementation, monitoring and evaluation. The Policy Pathway series aims to help policy makers implement the IEA 25 Energy Efficiency Policy Recommendations endorsed by IEA Ministers (2011).

  5. Functional materials for energy-efficient buildings

    Science.gov (United States)

    Ebert, H.-P.

    2015-08-01

    The substantial improving of the energy efficiency is essential to meet the ambitious energy goals of the EU. About 40% of the European energy consumption belongs to the building sector. Therefore the reduction of the energy demand of the existing building stock is one of the key measures to deliver a substantial contribution to reduce CO2-emissions of our society. Buildings of the future have to be efficient in respect to energy consumption for construction and operation. Current research activities are focused on the development of functional materials with outstanding thermal and optical properties to provide, for example, slim thermally superinsulated facades, highly integrated heat storage systems or adaptive building components. In this context it is important to consider buildings as entities which fulfill energy and comfort claims as well as aesthetic aspects of a sustainable architecture.

  6. Functional materials for energy-efficient buildings

    Directory of Open Access Journals (Sweden)

    Ebert H.-P

    2015-01-01

    Full Text Available The substantial improving of the energy efficiency is essential to meet the ambitious energy goals of the EU. About 40% of the European energy consumption belongs to the building sector. Therefore the reduction of the energy demand of the existing building stock is one of the key measures to deliver a substantial contribution to reduce CO2-emissions of our society. Buildings of the future have to be efficient in respect to energy consumption for construction and operation. Current research activities are focused on the development of functional materials with outstanding thermal and optical properties to provide, for example, slim thermally superinsulated facades, highly integrated heat storage systems or adaptive building components. In this context it is important to consider buildings as entities which fulfill energy and comfort claims as well as aesthetic aspects of a sustainable architecture.

  7. European national strategies to move towards very low energy buildings

    DEFF Research Database (Denmark)

    Wittchen, Kim Bjarne; Thomsen, Kirsten Engelund

    high energy performance. It is important to stress the need for MS to introduce a national or regional definition of very low energy buildings in their building regulation and to develop a national strategy towards this level of energy performance to become the standard. This market transformation...... the ambition in the EU Action plan - to develop an EU strategy towards very low energy houses. The current recast of the EPBD is an opportunity, which must not be missed to introduce the requirement to MS to define very low energy buildings and a national strategy towards this level of energy performance....... A strategy for improved energy efficiency of existing buildings is a necessity if the energy consumption is to be reduced significantly over a limited period of time. The life time of buildings ranges from 50 to 100 years and improvement of the existing building stock will thus have much higher impact than...

  8. Building waste management in Bulgaria: challenges and opportunities

    International Nuclear Information System (INIS)

    Hadjieva-Zaharieva, R.; Dimitrova, E.; Buyle-Bodin, Francois

    2003-01-01

    Building waste recycling as aggregates is a modern approach for preventing environmental pollution through both reducing the stocks of waste and decreasing the use of natural aggregates. The reuse of building waste is a relatively new issue for Bulgaria despite the existing considerable quantity of building waste and the significant changes in the environmental rules applied. The paper discusses generated and potential waste streams in Bulgaria in the context of the social and economic restructuring and recent urban development undergone by the country. The main preliminary conditions for developing the recycling activity such as: streams of building waste, experience in recycling, technical and environmental standardization, appropriate technologies, etc. are examined. The authors analyze current practice and research activities with regard to the implementation of advanced EU building-waste recycling methods. Conclusions are drawn about existing opportunities and the priorities of the needed building waste management strategy in the country

  9. THE STUDY OF BRAKE SYSTEMS OF PASSENGER CARS MODEL 61-779 AND THEIR MODIFICATIONS PRODUCED BY OPEN JOINT STOCK COMPANY KRJUKIV CAR BUILDING PLANT

    Directory of Open Access Journals (Sweden)

    Yu. Ya. Vodiannikov

    2007-11-01

    Full Text Available The results of research of brake system for the model 61-779 of a passenger car manufactured by JSC «KVBZ» for the period from 2001 to 2006 are presented. It is shown that at the existing gear ratio of a brake lever transmission the passenger car brake efficiency does not correspond to running speed of 140 km/h. The causes of the wheel pairs damage occurrence in exploitation of a passenger train «Kiev – Moscow» as well as the recommendations on their elimination and brake system perfection are considered.

  10. Determinants of residential electricity consumption: Using smart meter data to examine the effect of climate, building characteristics, appliance stock, and occupants' behavior

    International Nuclear Information System (INIS)

    Kavousian, Amir; Rajagopal, Ram; Fischer, Martin

    2013-01-01

    We propose a method to examine structural and behavioral determinants of residential electricity consumption, by developing separate models for daily maximum (peak) and minimum (idle) consumption. We apply our method on a data set of 1628 households' electricity consumption. The results show that weather, location and floor area are among the most important determinants of residential electricity consumption. In addition to these variables, number of refrigerators and entertainment devices (e.g., VCRs) are among the most important determinants of daily minimum consumption, while number of occupants and high-consumption appliances such as electric water heaters are the most significant determinants of daily maximum consumption. Installing double-pane windows and energy-efficient lights helped to reduce consumption, as did the energy-conscious use of electric heater. Acknowledging climate change as a motivation to save energy showed correlation with lower electricity consumption. Households with individuals over 55 or between 19 and 35 years old recorded lower electricity consumption, while pet owners showed higher consumption. Contrary to some previous studies, we observed no significant correlation between electricity consumption and income level, home ownership, or building age. Some otherwise energy-efficient features such as energy-efficient appliances, programmable thermostats, and insulation were correlated with slight increase in electricity consumption. - Highlights: • Weather, location and floor area are the most important determinants of residential electricity use. • Daily minimum and maximum are explained by different factors. • Number of refrigerators and entertainment devices explain daily minimum the best. • Number of occupants and high-consumption appliances explain daily maximum the best. • Other factors such as energy efficient features and household's socioeconomic status are examined

  11. Stock Market Project.

    Science.gov (United States)

    Distel, Brenda D.

    This project is designed to teach students the process of buying stocks and to tracking their investments over the course of a semester. The goals of the course are to teach students about the relationships between conditions in the economy and the stock market; to predict the effect of an economic event on a specific stock or industry; to relate…

  12. Predictability of Stock Returns

    Directory of Open Access Journals (Sweden)

    Ahmet Sekreter

    2017-06-01

    Full Text Available Predictability of stock returns has been shown by empirical studies over time. This article collects the most important theories on forecasting stock returns and investigates the factors that affecting behavior of the stocks’ prices and the market as a whole. Estimation of the factors and the way of estimation are the key issues of predictability of stock returns.

  13. Market Confidence Predicts Stock Price: Beyond Supply and Demand.

    Science.gov (United States)

    Sun, Xiao-Qian; Shen, Hua-Wei; Cheng, Xue-Qi; Zhang, Yuqing

    2016-01-01

    Stock price prediction is an important and challenging problem in stock market analysis. Existing prediction methods either exploit autocorrelation of stock price and its correlation with the supply and demand of stock, or explore predictive indictors exogenous to stock market. In this paper, using transaction record of stocks with identifier of traders, we introduce an index to characterize market confidence, i.e., the ratio of the number of traders who is active in two successive trading days to the number of active traders in a certain trading day. Strong Granger causality is found between the index of market confidence and stock price. We further predict stock price by incorporating the index of market confidence into a neural network based on time series of stock price. Experimental results on 50 stocks in two Chinese Stock Exchanges demonstrate that the accuracy of stock price prediction is significantly improved by the inclusion of the market confidence index. This study sheds light on using cross-day trading behavior to characterize market confidence and to predict stock price.

  14. Market Confidence Predicts Stock Price: Beyond Supply and Demand.

    Directory of Open Access Journals (Sweden)

    Xiao-Qian Sun

    Full Text Available Stock price prediction is an important and challenging problem in stock market analysis. Existing prediction methods either exploit autocorrelation of stock price and its correlation with the supply and demand of stock, or explore predictive indictors exogenous to stock market. In this paper, using transaction record of stocks with identifier of traders, we introduce an index to characterize market confidence, i.e., the ratio of the number of traders who is active in two successive trading days to the number of active traders in a certain trading day. Strong Granger causality is found between the index of market confidence and stock price. We further predict stock price by incorporating the index of market confidence into a neural network based on time series of stock price. Experimental results on 50 stocks in two Chinese Stock Exchanges demonstrate that the accuracy of stock price prediction is significantly improved by the inclusion of the market confidence index. This study sheds light on using cross-day trading behavior to characterize market confidence and to predict stock price.

  15. Dynamic Model for the Stocks and Release Flows of Engineered Nanomaterials.

    Science.gov (United States)

    Song, Runsheng; Qin, Yuwei; Suh, Sangwon; Keller, Arturo A

    2017-11-07

    Most existing life-cycle release models for engineered nanomaterials (ENM) are static, ignoring the dynamics of stock and flows of ENMs. Our model, nanoRelease, estimates the annual releases of ENMs from manufacturing, use, and disposal of a product explicitly taking stock and flow dynamics into account. Given the variabilities in key parameters (e.g., service life of products and annual release rate during use) nanoRelease is designed as a stochastic model. We apply nanoRelease to three ENMs (TiO 2 , SiO 2 and FeO x ) used in paints and coatings through seven product applications, including construction and building, household and furniture, and automotive for the period from 2000 to 2020 using production volume and market projection information. We also consider model uncertainties using Monte Carlo simulation. Compared with 2016, the total annual releases of ENMs in 2020 will increase by 34-40%, and the stock will increase by 28-34%. The fraction of the end-of-life release among total release flows will increase from 11% in 2002 to 43% in 2020. As compared to static models, our dynamic model predicts about an order of magnitude lower values for the amount of ENM released from this sector in the near-term while stock continues to build up in the system.

  16. Does Employee Stock Ownership Work?

    DEFF Research Database (Denmark)

    Kato, Takao; Miyajima, Hideaki; Owan, Hideo

    studies, we focus on the effects of changes in varying attributes of existing ESO—the effects on the intensive margin. Our fixed effect estimates show that an increase in the strength of the existing ESO plans measured by stake per employee results in statistically significant productivity gains....... Furthermore, such productivity gains are found to lead to profitability gains since wage gains from ESO plans are statistically significant yet rather modest. Our analysis of Tobin's Q suggests that the market tends to view such gains from ESO plans as permanent. We further find that increasing the stake......This paper provides novel evidence on the effects of employee stock ownership (ESO), using new panel data on Japanese ESO plans for a highly representative sample of publicly-traded firms in Japan (covering more than 75% of all firms listed on Tokyo Stock Exchange) over 1989-2013. Unlike most prior...

  17. Boosting Learning Algorithm for Stock Price Forecasting

    Science.gov (United States)

    Wang, Chengzhang; Bai, Xiaoming

    2018-03-01

    To tackle complexity and uncertainty of stock market behavior, more studies have introduced machine learning algorithms to forecast stock price. ANN (artificial neural network) is one of the most successful and promising applications. We propose a boosting-ANN model in this paper to predict the stock close price. On the basis of boosting theory, multiple weak predicting machines, i.e. ANNs, are assembled to build a stronger predictor, i.e. boosting-ANN model. New error criteria of the weak studying machine and rules of weights updating are adopted in this study. We select technical factors from financial markets as forecasting input variables. Final results demonstrate the boosting-ANN model works better than other ones for stock price forecasting.

  18. Energetic Refurbishment of Historic Brick Buildings: Problems and Opportunities

    Science.gov (United States)

    Zagorskas, Jurgis; Paliulis, Gražvydas Mykolas; Burinskienė, Marija; Venckauskaitė, Jūratė

    2013-12-01

    Building standards for energy effectiveness are increasing constantly and the market follows these changes by constructing new buildings in accordance with standards and refurbishment of the existing housing stock. Comprehensive trends in European construction market show tremendous increase in building retrofit works. It can be predicted that after the end of this decade, more than half of the construction works in European cities will be taking place in existing buildings, pushing the construction of new buildings to a less important role. Such a growth in building refurbishment works is creating a demand for suitable materials, retrofitting techniques and research. The differences between refurbishment of new-build projects and historical or valuable buildings are insufficiently recognized - mostly the buildings without further cultural preservation requirements are studied. This article covers the theme of refurbishment measures in historical buildings - the specific measures like inside insulation which are allowed due to the valuable façade or other heritage preservation requirements. An overview of other innovative methods for energy saving in existing buildings and their potential is given.

  19. Green buildings for Egypt: a call for an integrated policy

    Science.gov (United States)

    Bampou, P.

    2017-11-01

    As global warming is on the threshold of each country worldwide, Middle East and North African (MENA) region has already adopted energy efficiency (EE) policies on several consuming sectors. The present paper valuates the impact of temperature increase in the residential building sector of Egypt that is the most integrated example of the 7 out of the 20 MENA countries that have started their green efforts upon building environment. Furthermore, as it is based on a literature research upon socio-economic characteristics, existing building stock, existing legal and institutional framework, it elaborates a quantitative evaluation of Egypt's energy-saving potential, outlining basic constraints upon energy conservation, in order for Egypt to be able to handle the high energy needs due to its warm climate. Last but not least, the paper proposes a policy pathway for the implementation of green building codes and concludes with the best available technologies to promote EE in the Egyptian building sector.

  20. Analysis and proposal of implementation effects of heat metering and energy efficiency retrofit of existing residential buildings in northern heating areas of China in “the 11th Five-Year Plan” period

    International Nuclear Information System (INIS)

    Bao Lingling; Zhao Jing; Zhu Neng

    2012-01-01

    In China, northern heating region contains approximately 6.5 billion m 2 residential building areas accounting for 15% of the total residential living areas of urban and rural. About 70% of the urban residential buildings in north China are high energy consumption buildings. The task of heat metering and energy efficiency retrofit of 0.15 billion m 2 existing residential buildings in northern heating areas of China in “the 11th Five-Year Plan” period was proposed by the Ministry of Housing and Urban–Rural Development (MOHURD) in 2007 and completed in 2010. This paper introduced both central and local governments' efforts on organization, implementation and finance, etc. Then several retrofitting effects involving improving the people's livelihood, mobilizing the enthusiasm of residents for the retrofit and driving the development of relevant industries were presented. Finally, on the basis of analyzing the issues encountered in the progress of the retrofit in the past 4 years, the paper gave some policy proposals on organization system, financing models, reward mechanism, and heating system reformation to help to promote the energy efficiency retrofit in “the 12th Five-Year Plan” period. - Highlights: ► Specific approaches of heat metering and energy efficiency retrofit (HMEER) at central and local level are introduced. ► Main HMEER effects are presented. ► Analyzing several issues encountered in the progress of the HMEER. ► Corresponding proposals are provided.

  1. Market Structure and Stock Splits

    OpenAIRE

    David Michayluk; Paul Kofman

    2001-01-01

    Enhanced liquidity is one possible motivation for stock splits but empirical research frequently documents declines in liquidity following stock splits. Despite almost thirty years of inquiry, little is known about all the changes in a stock's trading activity following a stock split. We examine how liquidity measures change around more than 2,500 stock splits and find a pervasive decline in most measures. Large stock splits exhibit a more severe liquidity decline than small stock splits, esp...

  2. Multifractal in Volatility of Family Business Stocks Listed on Casablanca STOCK Exchange

    Science.gov (United States)

    Lahmiri, Salim

    In this paper, we check for existence of multifractal in volatility of Moroccan family business stock returns and in volatility of Casablanca market index returns based on multifractal detrended fluctuation analysis (MF-DFA) technique. Empirical results show strong evidence of multifractal characteristics in volatility series of both family business stocks and market index. In addition, it is found that small variations in volatility of family business stocks are persistent, whilst small variations in volatility of market index are anti-persistent. However, large variations in family business volatility and market index volatility are both anti-persistent. Furthermore, multifractal spectral analysis based results show strong evidence that volatility in Moroccan family business companies exhibits more multifractality than volatility in the main stock market. These results may provide insightful information for risk managers concerned with family business stocks.

  3. Optimizing Whole House Deep Energy Retrofit Packages: A Case Study of Existing Chicago-Area Homes

    Directory of Open Access Journals (Sweden)

    Honnie Aguilar Leinartas

    2015-05-01

    Full Text Available Improving the energy efficiency of the residential building stock plays a key role in mitigating global climate change. New guidelines are targeting widespread application of deep energy retrofits to existing homes that reduce their annual energy use by 50%, but questions remain as to how to identify and prioritize the most cost-effective retrofit measures. This work demonstrates the utility of whole building energy simulation and optimization software to construct a “tool-box” of prescriptive deep energy retrofits that can be applied to large portions of the existing housing stock. We consider 10 generally representative typology groups of existing single-family detached homes built prior to 1978 in the Chicago area for identifying cost-optimal deep energy retrofit packages. Simulations were conducted in BEopt and EnergyPlus operating on a cloud-computing platform to first identify cost-optimal enclosure retrofits and then identify cost-optimal upgrades to heating, ventilation, and air-conditioning (HVAC systems. Results reveal that prescriptive retrofit packages achieving at least 50% site energy savings can be defined for most homes through a combination of envelope retrofits, lighting upgrades, and upgrades to existing HVAC system efficiency or conversion to mini-split heat pumps. The average upfront cost of retrofits is estimated to be ~$14,400, resulting in average annual site energy savings of ~54% and an average simple payback period of ~25 years. Widespread application of these prescriptive retrofit packages across the existing Chicago-area residential building stock is predicted to reduce annual site energy use by 3.7 × 1016 J and yield approximately $280 million USD in annual energy savings.

  4. New build: Materials, techniques, skills and innovation

    International Nuclear Information System (INIS)

    Glass, Jacqueline; Dainty, Andrew R.J.; Gibb, Alistair G.F.

    2008-01-01

    The transition to secure, sustainable, low-energy systems will have a significant effect on the way in which we design and construct new buildings. In turn, the new buildings that are constructed will play a critical role in delivering the better performance that would be expected from such a transition. Buildings account for about half of UK carbon dioxide (CO 2 ) production. So it is urgent to ensure that energy is used efficiently in existing buildings and that new building stock is better able to cope with whatever the future holds. Most energy used in buildings goes towards heating, lighting and cooling, but a growing percentage is consumed by domestic appliances, computers and other electrical equipment. Actual energy consumption is the product of a number of factors, including individual behaviours and expectations, the energy efficiency of appliances and the building envelope. This review focuses on the third of these, the building itself, and its design and construction. It discusses the issues faced by the construction industry today, suggesting that major changes are needed relating to materials, techniques, skills and innovation. It moves on to consider future advances to 2050 and beyond, including developments in ICT, novel materials, skills and automation, servitisation (the trend for manufacturers to offer lifetime services rather than simple products), performance measurement and reporting, and resilience. We present a vision of the new build construction industry in 2050 and recommendations for policy makers, industry organisations and construction companies

  5. Comparison between global financial crisis and local stock disaster on top of Chinese stock network

    Science.gov (United States)

    Xia, Lisi; You, Daming; Jiang, Xin; Guo, Quantong

    2018-01-01

    The science of complex network theory can be usefully applied in many important fields, one of which is the finance. In these practical cases, a massive dataset can be represented as a very large network with certain attributes associated with its nodes and edges. As one of the most important components of financial market, stock market has been attracting more and more attention. In this paper, we propose a threshold model to build Chinese stock market networks and study the topological properties of these networks. To be specific, we compare the effects of different crises, namely the 2008 global crisis and the stock market disaster in 2015, on the threshold networks. Prices of the stocks belonging to the Shanghai and Shenzhen 300 index are considered for three periods: the global crisis, common period and the stock market disaster. We find the probability distribution of the cross-correlations of the stocks during the stock market disaster is fatter than that of others. Besides, the thresholds of cross-correlations are assigned to obtain the threshold networks and the power-law of degree distribution in these networks are observed in a certain range of threshold values. The networks during the stock market disaster also appear to have larger mean degree and modularity, which reveals the strong correlations among these stock prices. Our findings to some extent crosscheck the liquidity shortage reason which is believed to result in the outbreak of the stock market disaster. Moreover, we hope that this paper could give us a deeper understanding of the market's behavior and also lead to interesting future research about the problems of modern finance theory.

  6. Decision Support for the Rolling Stock Dispatcher

    DEFF Research Database (Denmark)

    Groth, Julie Jespersen

    Real-time recovery is receiving a fast growing interest in an increasingly competitive railway operation market. This thesis considers the area of rolling stock dispatching which is one of the typical real-time railway dispatching problems. All work of the thesis is based on the network...... and planning processes of the railway operator DSB S-tog a/s. In the thesis the problems existing in the railway planning process from the strategic to real-time level are briefly sketched. Network planning, line planning, timetabling, crew and rolling stock planning is outlined and relevant references...... are given. Specifically the thesis references the operation research studies based on the railway operation of DSB S-tog a/s. Subsequently the process of dispatching is outlined with a specific emphasis on rolling stock. The rolling stock recovery problem is the problem of assigning train units to train...

  7. VOLATILITY AND KURTOSIS OF DAILY STOCK RETURNS AT MSE

    Directory of Open Access Journals (Sweden)

    Zoran Ivanovski

    2015-12-01

    Full Text Available Prominent financial stock pricing models are built on assumption that asset returns follow a normal (Gaussian distribution. However, many authors argue that in the practice stock returns are often characterized by skewness and kurtosis, so we test the existence of the Gaussian distribution of stock returns and calculate the kurtosis of several stocks at the Macedonian Stock Exchange (MSE. Obtaining information about the shape of distribution is an important step for models of pricing risky assets. The daily stock returns at Macedonian Stock Exchange (MSE are characterized by high volatility and non-Gaussian behaviors as well as they are extremely leptokurtic. The analysis of MSE time series stock returns determine volatility clustering and high kurtosis. The fact that daily stock returns at MSE are not normally distributed put into doubt results that rely heavily on this assumption and have significant implications for portfolio management. We consider this stock market as good representatives of emerging markets. Therefore, we argue that our results are valid for other similar emerging stock markets.

  8. Energy Benchmarking in Educational Buildings through Cluster Analysis of Energy Retrofitting

    Directory of Open Access Journals (Sweden)

    Paola Marrone

    2018-03-01

    Full Text Available A large part of the stock of Italian educational buildings have undertaken energy retrofit interventions, thanks to European funds allocated by complex technical-administrative calls. In these projects, the suggested retrofit strategies are often selected based on the common best practices (considering average energy savings but are not supported by proper energy investigations. In this paper, Italian school buildings’ stock was analyzed by cluster analysis with the aim of providing a methodology able to identify the best energy retrofit interventions from the perspective of cost-benefit, and to correlate them with the specific characteristics of the educational buildings. This research is based on the analysis of about 80 school buildings located in central Italy and characterized by different features and construction technologies. The refurbished buildings were classified in homogeneous clusters and, for each of them, the most representative building was identified. Furthermore, for each representative building a validating procedure based on dynamic simulations and a comparison with actual energy use was performed. The two buildings thus singled out provide a model that could be developed into a useful tool for Public Administrations to suggest priorities in the planning of new energy retrofits of existing school building stocks.

  9. BUILDING DESIGN INFLUENCE ON THE ENERGY PERFORMANCE

    Directory of Open Access Journals (Sweden)

    Moga Ligia

    2015-05-01

    Full Text Available Energy efficient design is a high priority in the national energy strategy of European countries considering the latest requirements of the European Directive on the Energy Performance of Buildings. The residential sector is responsible for a significant quantity of energy consumptions from the total amount of consumptions on a worldwide level. In residential building most of the energy consumptions are given mainly by heating, domestic hot water and lighting. Retrofitting the existing building stock offers great opportunities for reducing global energy consumptions and greenhouse gas emissions. The first part of the paper will address the need of thermal and energy retrofit of existing buildings. The second part will provide an overview on how various variables can influence the energy performance of a building that is placed in all four climatic zones from Romania. The paper is useful for specialist and designers from the construction field in understanding that buildings behave differently from the energy point of view in different climatic regions, even if the building characteristic remain the same.

  10. Asymmetry Effects of shocks in Chinese Stock Markets Volatility

    DEFF Research Database (Denmark)

    Hou, Ai Jun

    2013-01-01

    The unique characteristics of the Chinese stock markets make it difficult to assume a particular distribution for innovations in returns and the specification form of the volatility process when modelling return volatility with the parametric GARCH family models. This paper therefore applies...... a generalized additive nonparametric smoothing technique to examine the volatility of the Chinese stock markets. The empirical results indicate that an asymmetric effect of negative news exists in the Chinese stock markets. Furthermore, compared with other parametric models, the generalized additive...

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

    Directory of Open Access Journals (Sweden)

    Petreneva Ol’ga Vladimirovna

    2016-03-01

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

  12. Managing the Existing Housing Stock: Prospects and Problems,

    Science.gov (United States)

    1982-02-01

    single persons. Such rehabilitation has occurred in some places [6]. Currently called " gentrification ," it is greeted with mixed emotions by public...ingredient of gentrification during the 1970s was amateur real estate speculation. Although quality-controlled comparisons are difficult, single...city sites. The other side of gentrification is a narrowing of the rental market for lower-income households, especally those with children. From

  13. RELATIONSHIP BETWEEN STOCK MARKET RETURNS AND EXCHANGERATES IN EMERGING STOCK MARKETS

    Directory of Open Access Journals (Sweden)

    M.N. Arshad

    2017-04-01

    Full Text Available Abstract-This paper aims to study the relationship between stock market returns and exchange rates in emerging stock markets including Malaysia, Singapore, Thailand, Indonesia and Philippines. The data is taken from January 2003 to December 2012 using weekly closing indices and separated in two periods; before (2003-2007 and second, after (2008-2012 the financial crisis of 2008. Johansen-Juselius (JJ. Granger causality tests show that unidirectional causality exists between the stock market returns and exchange rates for Thailand before the financial crisis, whilst, for Indonesia and Singapore, the unidirectional causality between the two variables is detected in the period after the financial crisis. Error Correction Model (ECM indicates the existence of long run causality between the two variables for Philippines. This study also finds that most of the emerging stock markets are informationally inefficient.

  14. AN ASSESSMENT OF FACTORS AFFECTING MATERIAL STOCK CONTROL PRACTICE ON SELECTED CONSTRUCTION SITES IN NIGERIA

    OpenAIRE

    Adafin, Johnson Kayode; Ayodele, Elijah Olusegun; Daramola, Olufemi

    2011-01-01

    This research examines the stock control methods utilized by construction firms on construction sites with a view to assessing the factors affecting material stock control practice by construction firms as well as determining the impact of factors affecting material stock control on building project performance. Data were collected with the aid of well-structured questionnaire administered on a number of construction professionals and technicians in some randomly selected building constructio...

  15. ImBuild: Impact of building energy efficiency programs

    Energy Technology Data Exchange (ETDEWEB)

    Scott, M.J.; Hostick, D.J.; Belzer, D.B.

    1998-04-01

    As part of measuring the impact of government programs on improving the energy efficiency of the Nation`s building stock, the Department of Energy Office of Building Technology, State and Community Programs (BTS) is interested in assessing the economic impacts of its portfolio of programs, specifically the potential impact on national employment and income. The special-purpose version of the IMPLAN model used in this study is called ImBuild. In comparison with simple economic multiplier approaches, such as Department of Commerce RIMS 2 system, ImBuild allows for more complete and automated analysis of the economic impacts of energy efficiency investments in buildings. ImBuild is also easier to use than existing macroeconomic simulation models. The authors conducted an analysis of three sample BTS energy programs: the residential generator-absorber heat exchange gas heat pump (GAX heat pump), the low power sulfur lamp (LPSL) in residential and commercial applications, and the Building America program. The GAX heat pump would address the market for the high-efficiency residential combined heating and cooling systems. The LPSL would replace some highly efficient fluorescent commercial lighting. Building America seeks to improve the energy efficiency of new factory-built, modular, manufactured, and small-volume, site-built homes through use of systems engineering concepts and early incorporation of new products and processes, and by increasing the demand for more energy-efficient homes. The authors analyze a scenario for market penetration of each of these technologies devised for BTS programs reported in the BTS GPRA Metrics Estimates, FY99 Budget Request, December 19, 1997. 46 figs., 4 tabs.

  16. Determination of the Thermal Insulation for the Model Building Approach and the Global Effects in Turkey

    Directory of Open Access Journals (Sweden)

    Cenk Onan

    2014-08-01

    Full Text Available One of the most important considerations to be considered in the design of energy efficient buildings is the thickness of the insulation to be applied to the building. In this study the existing building stock in Turkey has been investigated depending on parameters such as the height and the area. A model building has been created covering all of these buildings. Fuel emission reduction of combustion system was calculated in the case of insulation applied to this model building. Heat loss of the existing building stock and exhaust emissions and the contribution to the country's economy with the model building methodology are also determined. The results show that the optimum insulation thicknesses vary between 3.21 and 7.12 cm, the energy savings vary between 9.23 US$/m2 and43.95 US$/m2, and the payback periods vary between 1 and 8.8 years depending on the regions. As a result of the study when the optimum insulation thickness is applied in the model building, the total energy savings for the country are calculated to be 41.7 billion US$. And also total CO2 emissions for the country are calculated to be 57.2 billion kg CO2 per year after insulation.

  17. Effects of daylight savings time changes on stock market volatility.

    Science.gov (United States)

    Berument, M Hakan; Dogan, Nukhet; Onar, Bahar

    2010-04-01

    The presence of daylight savings time effects on stock returns and on stock volatility was investigated using an EGARCH specification to model the conditional variance. The evidence gathered from the major United States stock markets for the period between 1967 and 2007 did not support the existence of the daylight savings time effect on stock returns or on volatility. Returns on the first business day following daylight savings time changes were not lower nor was the volatility higher, as would be expected if there were an effect.

  18. The Differences Between Stock Splits and Stock Dividends

    DEFF Research Database (Denmark)

    Bechmann, Ken L.; Raaballe, Johannes

    It is often asserted that stock splits and stock dividends are purely cosmetic events. However, many studies have documented several stock market effects associated with stock splits and stock dividends. This paper examines the effects of these two types of events for the Danish stock market...... different. Second, the positive stock market reaction is closely related to associated changes in a firm's payout policy, but the relationship varies for the two types of events. Finally, there is only very weak evidence for a change in the liquidity of the stock. On the whole, after controlling...... for the firm's payout policy, the results suggest that a stock split is a cosmetic event and that a stock dividend on its own is considered negative news....

  19. 75 FR 46912 - Draft 2010 Marine Mammal Stock Assessment Reports

    Science.gov (United States)

    2010-08-04

    ..., Niihau stock, Kure-Midway stock, and the Pearl and Hermes stock. The SAR for the Hawaii stock of... new bottlenose dolphin stocks are the Kauai-Niihau stock, Oahu stock, Four Islands stock, and the...

  20. Research on the fractal structure in the Chinese stock market

    Science.gov (United States)

    Zhuang, Xin-tian; Huang, Xiao-yuan; Sha, Yan-li

    2004-02-01

    Applying fractal theory, this paper probes and discusses self-similarity and scale invariance of the Chinese stock market. It analyses three kinds of scale indexes, i.e., autocorrelation index, Hurst index and the scale index on the basis of detrended fluctuation analysis (DFA) algorithm and promotes DFA into a recursive algorithm. Using the three kinds of scale indexes, we conduct empirical research on the Chinese Shanghai and Shenzhen stock markets. The results indicate that the rate of returns of the two stock markets does not obey the normal distribution. A correlation exists between the stock price indexes over time scales. The stock price indexes exhibit fractal time series. It indicates that the policy guide hidden at the back influences the characteristic of the Chinese stock market.

  1. DLA Forward Stocking

    National Research Council Canada - National Science Library

    Flory, John

    2007-01-01

    .... This study evaluates the feasibility of forward stocking in terms of DoD savings. The performance of DLA's criteria is evaluated and a new criteria using a cost and demand threshold is proposed...

  2. Linkage between company scores and stock returns

    Directory of Open Access Journals (Sweden)

    Saban Celik

    2017-12-01

    Full Text Available Previous studies on company scores conducted at firm-level, generally concluded that there exists a positive relation between company scores and stock returns. Motivated by these studies, this study examines the relationship between company scores (Corporate Governance Score, Economic Score, Environmental Score, and Social Score and stock returns, both at portfolio-level analysis and firm-level cross-sectional regressions. In portfolio-level analysis, stocks are sorted based on each company scores and quintile portfolio are formed with different levels of company scores. Then, existence and significance of raw returns and risk-adjusted returns difference between portfolios with the extreme company scores (portfolio 10 and portfolio 1 is tested. In addition, firm-level cross-sectional regression is performed to examine the significance of company scores effects with control variables. While portfolio-level analysis results indicate that there is no significant relation between company scores and stock returns; firm-level analysis indicates that economic, environmental, and social scores have effect on stock returns, however, significance and direction of these effects change, depending on the included control variables in the cross-sectional regression.

  3. Decision-making in the Pre-design Stage of Sustainable Building Renovation Projects

    DEFF Research Database (Denmark)

    Gade, Anne Nørkjær; Jensen, Rasmus Lund; Larsen, Tine Steen

    2017-01-01

    There is a great potential in renovating our existing building stock, in terms of improving environmental, economic and social qualities. Meeting the increasing performance requirements for sustainable construction entails an increasing level of complexity in the design process of both new...... buildings and renovation projects. Decision support tools are one solution that can help the building owner manage this complexity. This study investigates the current decision-making processes among Danish professional building owners, in order to propose a conceptual framework for future decision support...... tools for sustainable renovation. Design Science Research Methodology has been used as the main methodological framework. Current practices for setting goals for sustainability, determining the current state of the buildings and prioritizing which buildings to renovate within a building portfolio, have...

  4. Financial liberalization and stock market cross-correlation: MF-DCCA analysis based on Shanghai-Hong Kong Stock Connect

    Science.gov (United States)

    Ruan, Qingsong; Zhang, Shuhua; Lv, Dayong; Lu, Xinsheng

    2018-02-01

    Based on the implementation of Shanghai-Hong Kong Stock Connect in China, this paper examines the effects of financial liberalization on stock market comovement using both multifractal detrended fluctuation analysis (MF-DFA) and multifractal detrended cross-correlation analysis (MF-DCCA) methods. Results based on MF-DFA confirm the multifractality of Shanghai and Hong Kong stock markets, and the market efficiency of Shanghai stock market increased after the implementation of this connect program. Besides, analysis based on MF-DCCA has verified the existence of persistent cross-correlation between Shanghai and Hong Kong stock markets, and the cross-correlation gets stronger after the launch of this liberalization program. Finally, we find that fat-tail distribution is the main source of multifractality in the cross-correlations before the stock connect program, while long-range correlation contributes to the multifractality after this program.

  5. Potential gains in storage on productive forestlands in the northeastern United Sates through stocking management

    Science.gov (United States)

    Coeli Hoover; Linda S. Heath

    2011-01-01

    One method of increasing forest carbon stocks that is often discussed is increasing stocking levels on existing forested lands. However, estimates of the potential increases in forest carbon sequestration as a result of increased stocking levels are not readily available. Using the USDA Forest Service's Forest Inventory and Analysis data coupled with the Forest...

  6. ANALYSIS OF ENERGY SAVING AND ENERGY EFFICIENCY ISSUES DURING OPERATION OF THE METRO ROLLING STOCK

    Directory of Open Access Journals (Sweden)

    A. V. Donchenko

    2016-06-01

    Beresteyskaya –Shulyavskyaya» of KP «Kiev Metro». Practical value. Results of the research concerning quantity of energy saved with the help of recuperation systems and energy saving control systems can be used during building of a new metro rolling stock or modernization of existing one.

  7. Statistical aspects of fish stock assessment

    DEFF Research Database (Denmark)

    Berg, Casper Willestofte

    for stock assessment by application of state-of-the-art statistical methodology. The main contributions are presented in the form of six research papers. The major part of the thesis deals with age-structured assessment models, which is the most common approach. Conversion from length to age distributions...... statistical aspects of fish stocks assessment, which includes topics such as time series analysis, generalized additive models (GAMs), and non-linear state-space/mixed models capable of handling missing data and a high number of latent states and parameters. The aim is to improve the existing methods...

  8. Government grant control of development of stock-raising

    OpenAIRE

    SAMOYLIK YU.V.

    2012-01-01

    Directions of improvement of mechanism of government grant control of development of stock-raising are offered on the basis of the educed tendencies and conformities to law in the existent system of sponsorship of industry.

  9. Stock Price Informativeness and Idiosyncratic Return Volatility in Emerging Markets: Evidence from China

    OpenAIRE

    Karen Jingrong Lin; Khondkar Karim; Clairmont Carter

    2014-01-01

    This study attempts to address two research questions on the idiosyncratic return volatility and stock price informativeness. First, whether idiosyncratic return volatility is a valid proxy for stock price informativeness in emerging markets, and if it is, whether there exists a monotonic relationship between the idiosyncratic return volatility and stock price informativeness throughout the whole sample. We find that the idiosyncratic return volatility reflects the stock price informativeness...

  10. Commodities and Stock Investment

    Directory of Open Access Journals (Sweden)

    Syed Jawad Hussain Shahzad

    2014-09-01

    Full Text Available This study is a multivariate analysis of commodities and stock investment in a newly established market scenario. Return distribution asymmetry is examined with higher order movements. Skewness in commodity future’s return is largely insignificant, whereas kurtosis is highly significant for both stock and commodity future contracts. Correlation analysis is done with Pearson’s and Kendall’s tau measures. Commodities provide significant diversification benefits when added in a portfolio of stocks. Compared with stocks, commodity future’s returns show stronger correlation with unexpected inflation. The volatility is measured through Glosten-Jagannathan-Runkle - Generalized Autoregressive Conditional Heteroskedasticity (GJR-GARCH model and reflects that commodities have inverted asymmetric behavior, that is, more impact from the upward shocks compared with downward. Stocks have asymmetric volatility, that is, more impact from negative shocks compared with positive. Gold has highest inverted asymmetric volatility. Tail dependence, measured through Student’s t copula, shows no combined downside movement. In conclusion, commodity investments provide diversification and inflation protection.

  11. The Geometric Phase of Stock Trading.

    Science.gov (United States)

    Altafini, Claudio

    2016-01-01

    Geometric phases describe how in a continuous-time dynamical system the displacement of a variable (called phase variable) can be related to other variables (shape variables) undergoing a cyclic motion, according to an area rule. The aim of this paper is to show that geometric phases can exist also for discrete-time systems, and even when the cycles in shape space have zero area. A context in which this principle can be applied is stock trading. A zero-area cycle in shape space represents the type of trading operations normally carried out by high-frequency traders (entering and exiting a position on a fast time-scale), while the phase variable represents the cash balance of a trader. Under the assumption that trading impacts stock prices, even zero-area cyclic trading operations can induce geometric phases, i.e., profits or losses, without affecting the stock quote.

  12. RUSSIAN STOCK MARKET INSTITUTIONAL PARTICIPANTS: HABITUS AND PRACTICES

    Directory of Open Access Journals (Sweden)

    Boris Borisovich Podgorny

    2017-11-01

    Full Text Available The global investment experience shows that economic growth is impossible without the creation of an effective national stock market. Also, along with the solution of the funds inflow into the economy, developed stock market contributes the creation of a mass economy owners community. Economic characteristics – economy demand for credit resources (especially in sanction terms, the availability of the savings among the Russian population, rates reduction on bank deposits, – saying that “investment boom” should take place in Russia today, in which a significant part of the population must be taken mass participation in the stock market, including the way through collective investment. However, the current situation does not allow us to talk about the successful development this direction of the Russian stock market. In this article, prepared in the framework of the author’s special sociological theory «The Russian Stock Market as a Social Space» [27], presented the results of Russian stock market institutional investors study including: the statistical indicators characterizing institutional investors on the stock market were analyzed; the practices caused by the existing habitus of Russian stock market institutional investors were classified and studied. It was found that the habitus of most institutional investors participating in the Russian stock market is marked a speculative nature.

  13. Exploring Market State and Stock Interactions on the Minute Timescale.

    Directory of Open Access Journals (Sweden)

    Lei Tan

    Full Text Available A stock market is a non-stationary complex system. The stock interactions are important for understanding the state of the market. However, our knowledge on the stock interactions on the minute timescale is limited. Here we apply the random matrix theory and methods in complex networks to study the stock interactions and sector interactions. Further, we construct a new kind of cross-correlation matrix to investigate the correlation between the stock interactions at different minutes within one trading day. Based on 50 million minute-to-minute price data in the Shanghai stock market, we discover that the market states in the morning and afternoon are significantly different. The differences mainly exist in three aspects, i.e. the co-movement of stock prices, interactions of sectors and correlation between the stock interactions at different minutes. In the afternoon, the component stocks of sectors are more robust and the structure of sectors is firmer. Therefore, the market state in the afternoon is more stable. Furthermore, we reveal that the information of the sector interactions can indicate the financial crisis in the market, and the indicator based on the empirical data in the afternoon is more effective.

  14. Exploring Market State and Stock Interactions on the Minute Timescale.

    Science.gov (United States)

    Tan, Lei; Chen, Jun-Jie; Zheng, Bo; Ouyang, Fang-Yan

    2016-01-01

    A stock market is a non-stationary complex system. The stock interactions are important for understanding the state of the market. However, our knowledge on the stock interactions on the minute timescale is limited. Here we apply the random matrix theory and methods in complex networks to study the stock interactions and sector interactions. Further, we construct a new kind of cross-correlation matrix to investigate the correlation between the stock interactions at different minutes within one trading day. Based on 50 million minute-to-minute price data in the Shanghai stock market, we discover that the market states in the morning and afternoon are significantly different. The differences mainly exist in three aspects, i.e. the co-movement of stock prices, interactions of sectors and correlation between the stock interactions at different minutes. In the afternoon, the component stocks of sectors are more robust and the structure of sectors is firmer. Therefore, the market state in the afternoon is more stable. Furthermore, we reveal that the information of the sector interactions can indicate the financial crisis in the market, and the indicator based on the empirical data in the afternoon is more effective.

  15. Applying Moving Objects Patterns towards Estimating Future Stocks Direction

    Directory of Open Access Journals (Sweden)

    Galal Dahab

    2016-01-01

    Full Text Available Stock is gaining vast popularity as a strategic investment tool not just by investor bankers, but also by the average worker. Large capitals are being traded within the stock market all around the world, making its impact not only macro economically focused, but also greatly valued taking into consideration its direct social impact. As a result, almost 66% of all American citizens are striving in their respective fields every day, trying to come up with better ways to predict and find patterns in stocks that could enhance their estimation and visualization so as to have the opportunity to take better investment decisions. Given the amount of effort that has been put into enhancing stock prediction techniques, there is still a factor that is almost completely neglected when handling stocks. The factor that has been obsolete for so long is in fact the effect of a correlation existing between stocks of the same index or parent company. This paper proposes a distinct approach for studying the correlation between stocks that belong to the same index by modelling stocks as moving objects to be able to track their movements while considering their relationships. Furthermore, it studies one of the movement techniques applied to moving objects to predict stock movement. The results yielded that both the movement technique and correlation coefficient technique are consistent in directions, with minor variations in values. The variations are attributed to the fact that the movement technique takes into consideration the sibling relationship

  16. Potential energy savings in renovation projects of residential and service buildings; Energiansaeaestoemahdollisuudet rakennuskannan korjaustoiminnassa

    Energy Technology Data Exchange (ETDEWEB)

    Heljo, J.; Vihola, J.

    2012-11-01

    The study estimates the feasible energy savings potential in the 2010 building stock by 2050. The focus is on energy-saving measures related to renovation of residential and service buildings. The calculations were done by building types and age groups using the EKOREM calculation model. The calculations indicate the building types and structural elements where potential for savings exists. The study did not consider energy-saving measures related to changes in heating systems, electrical equipment, property maintenance or use habits. The study disproved the common belief that considerably more energy savings could be achieved faster by focussing on the existing building stock instead of new construction. That is mainly due the fact that it generally pays to implement structural energy-saving measures only when the targeted elements also require other significant repairs besides energy-efficiency improvements. Thus, energy renovations cannot be speeded up very much. The clearest exception are the extra insulations added to roof assemblies that are easy to implement. Attempts to save more energy in the building stock than can be achieved at a small additional cost in connection with needed renovations may multiply costs, and the saving in energy costs will not necessarily cover the additional investments. The efficiency of energy-saving measures can be affected by recommending or ordering use of more energy efficient windows, thicker extra insulations or more efficient ventilation heat recovery systems than the standard solution selected in connection with renovations. The goal of preserving the characteristics of buildings of cultural-historical or architectural value and the typical solutions and materials used in all buildings of a certain period limit the repair and renovation of structural elements. In the case of these buildings, improvement of energy efficiency can be considered in connection with the planning of renovations and the buildings' use and

  17. Mitochondrial DNA variation in brood stocks of the lake trout

    International Nuclear Information System (INIS)

    Grewe, P.M.; Hebert, P.D.N.

    1986-01-01

    Efforts are in progress to restore lake trout populations in the Great Lakes from hatchery stocks. In most cases, plantings include a variety of brood stocks that originated from different portions of the Great Lakes. Members of the various stocks can be differentially fin clipped to permit comparison of their survival success, but this does not allow assessment of their reproductive capability in the wild. Assessment of reproductive success requires the existence of genetic markers between brook stocks which will ideally persist over many generations. Efforts to identify allozyme differences between brood stocks have met with little success. The present investigation has employed an alternative technique to identify genetic markers--the restriction analysis of mitochondrial DNA. Mitochondiral DNA analysis of 7 lake trout brood stocks has revealed the existence of 10 mitochondrial clones falling into 3 major groups. The results indicate that mt-DNA markers have great potential for brood stock management. Genetic variability in the nuclear genome of each stock can be maintained by utilizing a large number of male parents, while restricting female parents to members of a single mitochondrial clone. Genetically marked fry could then be produced with only minor shifts in hatchery management

  18. The Shared Building Portfolio: an exploration and typology

    DEFF Research Database (Denmark)

    Brinkø, Rikke; Meel, Juriaan van; Nielsen, Susanne Balslev

    2014-01-01

    Purpose: The purpose of this paper is to explore shared-use of facilities as a concept that can help organizations to make better, more sustainable use of their building portfolios. The practical aim is to present a typology to help classify, describe and evaluate the different options for sharing...... facilities from a facility manager’s point of view. Background (State of the Art) : Space management literature provides examples and concepts for sharing space, such as ‘hot-desking’, within a given organisational and physical setting. However, this literature rarely deals with sharing on a building level...... of municipalities and larger companies. It can help them get a better understanding of how they can minimize the need for building new by better utilization of the existing building stock for increased sustainability or as a corporate-socialresponsibility activity. Research limitations: The typology is a work...

  19. Analysis of Asset Growth Anomaly on Cross-Section Stock Returns: Evidence from Indonesia Stock Exchange

    Directory of Open Access Journals (Sweden)

    Muhammad Iqbal

    2017-06-01

    Full Text Available Assorted types of market anomalies occur when stock prices deviate from the prediction of classical asset pricing theories. This study aims to examine asset growth anomaly where stocks with high asset growth will be followed by low returns in the subsequent periods. This study, using Indonesia Stock Exchanges data, finds that an equally-weighted low-growth portfolio outperforms high-growth portfolio by average 0.75% per month (9% per annum, confirming existence of asset growth anomaly. The analysis is extended at individual stock-level using fixed-effect panel regression in which asset growth effect remains significant even with controlling other variables of stock return determinants. This study also explores further whether asset growth can be included as risk factor. Employing two-stage cross-section regression in Fama and Macbeth (1973, the result aligns with some prior studies that asset growth is not a new risk factor; instead the anomaly is driven by mispricing due to investors’ overreaction and psychological bias. This result imply that asset growth anomaly is general phenomenon that can be found at mostly all stock market but in Indonesia market asset growth anomaly rise from investors’ overreaction, instead of  playing as a factor of risk.

  20. Analysis of Asset Growth Anomaly on Cross-Section Stock Returns: Evidence from Indonesia Stock Exchange

    Directory of Open Access Journals (Sweden)

    Muhammad Iqbal

    2017-03-01

    Full Text Available Assorted types of market anomalies occur when stock prices deviate from the prediction of classical asset pricing theories. This study aims to examine asset growth anomaly where stocks with high asset growth will be followed by low returns in the subsequent periods. This study, using Indonesia Stock Exchanges data, finds that an equally-weighted low-growth portfolio outperforms high-growth portfolio by average 0.75% per month (9% per annum, confirming existence of asset growth anomaly. The analysis is extended at individual stock-level using fixed-effect panel regression in which asset growth effect remains significant even with controlling other variables of stock return determinants. This study also explores further whether asset growth can be included as risk factor. Employing two-stage cross-section regression in Fama and Macbeth (1973, the result aligns with some prior studies that asset growth is not a new risk factor; instead the anomaly is driven by mispricing due to investors’ overreaction and psychological bias. This result imply that asset growth anomaly is general phenomenon that can be found at mostly all stock market but in Indonesia market asset growth anomaly rise from investors’ overreaction, instead of  playing as a factor of risk.

  1. Mean reversion in the US stock market

    International Nuclear Information System (INIS)

    Serletis, Apostolos; Rosenberg, Aryeh Adam

    2009-01-01

    This paper revisits the evidence for the weaker form of the efficient market hypothesis, building on recent work by Serletis and Shintani [Serletis A, Shintani M. No evidence of chaos but some evidence of dependence in the US stock market. Chaos, Solitons and Fractals 2003;17:449-54], Elder and Serletis [Elder J, Serletis A. On fractional integrating dynamics in the US stock market. Chaos, Solitons and Fractals 2007;34;777-81], Koustas et al. [Koustas Z, Lamarche J.-F, Serletis A. Threshold random walks in the US stock market. Chaos, Solitons and Fractals, forthcoming], Hinich and Serletis [Hinich M, Serletis A. Randomly modulated periodicity in the US stock market. Chaos, Solitons and Fractals, forthcoming], and Serletis et al. [Serletis A, Uritskaya OY, Uritsky VM. Detrended Fluctuation analysis of the US stock market. Int J Bifurc Chaos, forthcoming]. In doing so, we use daily data, over the period from 5 February 1971 to 1 December 2006 (a total of 9045 observations) on four US stock market indexes - the Dow Jones Industrial Average, the Standard and Poor's 500 Index, the NASDAQ Composite Index, and the NYSE Composite Index - and a new statistical physics approach - namely the 'detrending moving average (DMA)' technique, recently introduced by Alessio et al. [Alessio E, Carbone A, Castelli G, Frappietro V. Second-order moving average and scaling of stochastic time series. Euro Phys J B 2002;27;197-200.] and further developed by Carbone et al. [Carbone A, Castelli G, Stanley HE. Time dependent hurst exponent in financial time series. Physica A 2004;344;267-71, Carbone A, Castelli G, Stanley HE. Analysis of clusters formed by the moving average of a long-range correlated time series. Phys Rev E 2004;69;026105.]. The robustness of the results to the use of alternative testing methodologies is also investigated, by using Lo's [Lo AW. Long-term memory in stock market prices. Econometrica 1991;59:1279-313.] modified rescaled range analysis. We conclude that US stock

  2. Mean reversion in the US stock market

    Energy Technology Data Exchange (ETDEWEB)

    Serletis, Apostolos [Department of Economics, University of Calgary, Calgary, Alberta, T2N 1N4 (Canada)], E-mail: Serletis@ucalgary.ca; Rosenberg, Aryeh Adam [Department of Economics, University of Calgary, Calgary, Alberta, T2N 1N4 (Canada)

    2009-05-30

    This paper revisits the evidence for the weaker form of the efficient market hypothesis, building on recent work by Serletis and Shintani [Serletis A, Shintani M. No evidence of chaos but some evidence of dependence in the US stock market. Chaos, Solitons and Fractals 2003;17:449-54], Elder and Serletis [Elder J, Serletis A. On fractional integrating dynamics in the US stock market. Chaos, Solitons and Fractals 2007;34;777-81], Koustas et al. [Koustas Z, Lamarche J.-F, Serletis A. Threshold random walks in the US stock market. Chaos, Solitons and Fractals, forthcoming], Hinich and Serletis [Hinich M, Serletis A. Randomly modulated periodicity in the US stock market. Chaos, Solitons and Fractals, forthcoming], and Serletis et al. [Serletis A, Uritskaya OY, Uritsky VM. Detrended Fluctuation analysis of the US stock market. Int J Bifurc Chaos, forthcoming]. In doing so, we use daily data, over the period from 5 February 1971 to 1 December 2006 (a total of 9045 observations) on four US stock market indexes - the Dow Jones Industrial Average, the Standard and Poor's 500 Index, the NASDAQ Composite Index, and the NYSE Composite Index - and a new statistical physics approach - namely the 'detrending moving average (DMA)' technique, recently introduced by Alessio et al. [Alessio E, Carbone A, Castelli G, Frappietro V. Second-order moving average and scaling of stochastic time series. Euro Phys J B 2002;27;197-200.] and further developed by Carbone et al. [Carbone A, Castelli G, Stanley HE. Time dependent hurst exponent in financial time series. Physica A 2004;344;267-71, Carbone A, Castelli G, Stanley HE. Analysis of clusters formed by the moving average of a long-range correlated time series. Phys Rev E 2004;69;026105.]. The robustness of the results to the use of alternative testing methodologies is also investigated, by using Lo's [Lo AW. Long-term memory in stock market prices. Econometrica 1991;59:1279-313.] modified rescaled range analysis. We

  3. Stock Assessment Supplementary Information (SASINF)

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — In the interest of efficiency, clarity and standardization of stock assessment materials, the stock assessment reports for the 2015 Groundfish update have been...

  4. Stock Issues in Aristotle's Rhetoric

    Science.gov (United States)

    Harpine, Bill

    1977-01-01

    Defines "stock issue" by the manner in which they function in Aristotle's theory, reviews examples of modern theories of stock issues, examines previous investigations of the "Rhetoric," and analyzes Aristotle's approach to this aspect of argumentation. (MH)

  5. Rainy Day Stocks

    DEFF Research Database (Denmark)

    Gormsen, Niels Joachim; Greenwood, Robin

    We study the good- and bad-times performance of equity portfolios formed on characteristics. Many characteristics associated with good performance during bad times—value, profitability, small size, safety, and total volatility—also perform well during good times. Stocks with characteristics signi...

  6. Optimizing Plutonium stock management

    International Nuclear Information System (INIS)

    Niquil, Y.; Guillot, J.

    1997-01-01

    Plutonium from spent fuel reprocessing is reused in new MOX assemblies. Since plutonium isotopic composition deteriorates with time, it is necessary to optimize plutonium stock management over a long period, to guarantee safe procurement, and contribute to a nuclear fuel cycle policy at the lowest cost. This optimization is provided by the prototype software POMAR

  7. Stock Market Savvy.

    Science.gov (United States)

    Okula, Susan

    2003-01-01

    This issue of Keying In, the newsletter of the National Business Education Association, focuses upon teaching young adults how to develop both investment strategies and an understanding of the stock market. The first article, "Sound Investing Know-How: A Must for Today's Young Adults," describes how young adults can plan for their own…

  8. Stock Selection, Style Rotation

    NARCIS (Netherlands)

    Lucas, A.; van Dijk, R.; Prof. Kloek, T.

    2002-01-01

    Using US data from June 1984 to July 1999, we show that the impact of firm-specific characteristics like size and book-to-price on future excess stock returns varies considerably over time. The impact can be either positive or negative at different times. This time variation is partially

  9. The Impact of Economic Agents Perceptions on Stock Price Volatility

    Directory of Open Access Journals (Sweden)

    Jaroslav Bukovina

    2015-01-01

    Full Text Available This paper studies perceptions of economic subjects and its impact on stock prices. Perceptions are represented by stock market indexes and Facebook activity. The contribution of this paper is twofold. In the first place, this paper analyzes the unique data of Facebook activity and proposes the methodology for employment of social networks as a proxy variable which represents the perceptions of information in society related to the specific company. The second contribution is the proposal of potential link between social network principles and theories of behavioral economics. Overall, the author finds the negative impact of Facebook activity on stock prices and the positive impact of stock market indices. The author points the implications of findings to protection of company reputation and to investment strategy based on the existence of undervalued stocks.

  10. Perbandingan Stock Market Crash 1987 : Dan Stock Market Crash 1997

    OpenAIRE

    Indridewi Atmadjaja, Yovita Vivianty

    1999-01-01

    Stock market crash refers to the condition, which is marked with the large dropping of stock Market price index. Historically, stock market crash has happened three times, namely in 1929, 1987 and 1997. This paper will discuss the causes of 1987's and 1997's stock market Crash and the similarities and the differences between 1987's and 1997's stock market crash. The structure of the paper is as follows. The paper starts with the introduction. The second Section briefly explains the causes of ...

  11. Comparable stocks, boundedly rational stock markets and IPO entry rates.

    Directory of Open Access Journals (Sweden)

    Jay Chok

    Full Text Available In this study, we examine how initial public offerings (IPO entry rates are affected when stock markets are boundedly rational and IPO firms infer information from their counterparts in the market. We hypothesize a curvilinear relationship between the number of comparable stocks and initial public offerings (IPO entry rates into the NASDAQ Stock Exchange. Furthermore, we argue that trading volume and changes in stock returns partially mediates the relationship between the number of comparable stocks and IPO entry rates. The statistical evidence provides strong support for the hypotheses.

  12. Establishing a commercial building energy data framework for India

    Energy Technology Data Exchange (ETDEWEB)

    Iyer, Maithili [Lawrence Livermore National Lab. (LLNL), Livermore, CA (United States); Kumar, Satish [Alliance for an Energy Efficient Economy, New Delhi (India); Mathew, Sangeeta [Alliance for an Energy Efficient Economy, New Delhi (India); Stratton, Hannah [Lawrence Livermore National Lab. (LLNL), Livermore, CA (United States); Mathew, Paul A. [Lawrence Livermore National Lab. (LLNL), Livermore, CA (United States); Singh, Mohini [Synurja, Inc. (India)

    2018-04-18

    Buildings account for over 40% of the world’s energy consumption and are therefore a key contributor to a country’s energy as well as carbon budget. Understanding how buildings use energy is critical to understanding how related policies may impact energy use. Data enables decision making, and good quality data arms consumers with the tools to compare their energy performance to their peers, allowing them to differentiate their buildings in the real estate market on the basis of their energy footprint. Good quality data are also essential for policy makers to prioritize their energy saving strategies and track implementation. The United States’ Commercial Building Energy Consumption Survey (CBECS) is an example of a successful data framework that is highly useful for governmental and nongovernmental initiatives related to benchmarking energy forecasting, rating systems and metrics, and more. The Bureau of Energy Efficiency (BEE) in India developed the Energy Conservation Building Code (ECBC) and launched the Star Labeling program for a few energy-intensive building segments as a significant first step. However, a data driven policy framework for systematically targeting energy efficiency in both new construction and existing buildings has largely been missing. There is no quantifiable mechanism currently in place to track the impact of code adoption through regular reporting/survey of energy consumption in the commercial building stock. In this paper we present findings from our study that explored use cases and approaches for establishing a commercial buildings data framework for India.

  13. Lebesgue Sets Immeasurable Existence

    Directory of Open Access Journals (Sweden)

    Diana Marginean Petrovai

    2012-12-01

    Full Text Available It is well known that the notion of measure and integral were released early enough in close connection with practical problems of measuring of geometric figures. Notion of measure was outlined in the early 20th century through H. Lebesgue’s research, founder of the modern theory of measure and integral. It was developed concurrently a technique of integration of functions. Gradually it was formed a specific area todaycalled the measure and integral theory. Essential contributions to building this theory was made by a large number of mathematicians: C. Carathodory, J. Radon, O. Nikodym, S. Bochner, J. Pettis, P. Halmos and many others. In the following we present several abstract sets, classes of sets. There exists the sets which are not Lebesgue measurable and the sets which are Lebesgue measurable but are not Borel measurable. Hence B ⊂ L ⊂ P(X.

  14. Development of stock correlation networks using mutual information and financial big data.

    Science.gov (United States)

    Guo, Xue; Zhang, Hu; Tian, Tianhai

    2018-01-01

    Stock correlation networks use stock price data to explore the relationship between different stocks listed in the stock market. Currently this relationship is dominantly measured by the Pearson correlation coefficient. However, financial data suggest that nonlinear relationships may exist in the stock prices of different shares. To address this issue, this work uses mutual information to characterize the nonlinear relationship between stocks. Using 280 stocks traded at the Shanghai Stocks Exchange in China during the period of 2014-2016, we first compare the effectiveness of the correlation coefficient and mutual information for measuring stock relationships. Based on these two measures, we then develop two stock networks using the Minimum Spanning Tree method and study the topological properties of these networks, including degree, path length and the power-law distribution. The relationship network based on mutual information has a better distribution of the degree and larger value of the power-law distribution than those using the correlation coefficient. Numerical results show that mutual information is a more effective approach than the correlation coefficient to measure the stock relationship in a stock market that may undergo large fluctuations of stock prices.

  15. On the Feed-back Mechanism of Chinese Stock Markets

    Science.gov (United States)

    Lu, Shu Quan; Ito, Takao; Zhang, Jianbo

    Feed-back models in the stock markets research imply an adjustment process toward investors' expectation for current information and past experiences. Error-correction and cointegration are often used to evaluate the long-run relation. The Efficient Capital Market Hypothesis, which had ignored the effect of the accumulation of information, cannot explain some anomalies such as bubbles and partial predictability in the stock markets. In order to investigate the feed-back mechanism and to determine an effective model, we use daily data of the stock index of two Chinese stock markets with the expectational model, which is one kind of geometric lag models. Tests and estimations of error-correction show that long-run equilibrium seems to be seldom achieved in Chinese stock markets. Our result clearly shows the common coefficient of expectations and fourth-order autoregressive disturbance exist in the two Chinese stock markets. Furthermore, we find the same coefficient of expectations has an autoregressive effect on disturbances in the two Chinese stock markets. Therefore the presence of such feed-back is also supported in Chinese stock markets.

  16. Stock market in Ukraine: state and prospects of development

    Directory of Open Access Journals (Sweden)

    Krasnova Iryna V.

    2014-01-01

    Full Text Available The article is devoted to analysis of the topical problem of detection of specific features of functioning and problem of development of the stock market of Ukraine and also justification of directions of increase of its liquidity and efficiency. It analyses main tendencies and regularities of development of the stock market in the context of institutional, instrumental and infrastructural components. It considers issues of changes of volumes of trade and other parameters of activity of stock exchanges during recent years. It focuses on existing problems on the way of development of the stock market of Ukraine, which interfere with its efficient functioning, in particular, a limited number of liquid and investment attractive financial instruments, high fragmentariness of the exchange and depositary infrastructure, and insufficient legislative regulation of the exchange activity. For solution of problem issues and stimulation of further development of the domestic stock market the article marks expediency of consolidation of stock exchanges, necessity to increase capitalisation, liquidity and transparency of the stock market; further formation and consolidation of the market infrastructure and ensuring its reliable and efficient functioning, and improvement of mechanisms of state regulation, supervision and protection of the rights of investors in the Ukrainian stock market.

  17. Factors of Selection of the Stock Allocation Method

    Directory of Open Access Journals (Sweden)

    Rohov Heorhii K.

    2014-03-01

    Full Text Available The article describes results of the author’s study of factors of making strategic decisions on selection of methods of stock allocation by public joint stock companies in Ukraine. The author used the Random forest mathematical apparatus of classification trees building and also informal methods. The article analyses the reasons that restrain public allocation of stock. It shows significant influence upon selection of a method of stock allocation of such factors as capital concentration, balance rate of corporate rights, sector of economy and significant participation of the institutes of common investment or the state in the authorised capital. The built hierarchical model of classification of factors of the issuing policy of joint stock companies finds logical justification in specific features of the institutional environment, however, it does not fit into the framework of the classical concept of the market economy. The model could be used both for formation of goals of corporate financial strategies and in the process of improvement of state regulation of activity of securities issuers. The prospect of further studies in this direction is identification of transformation of factors of selection of the stock allocation method under conditions of revival of the stock market.

  18. Oil prices and stocks in the second quarter of 2004

    International Nuclear Information System (INIS)

    2004-01-01

    Notwithstanding forecasting difficulties, the oil supply and demand balance has proved to be a good indicator of the state of the market and stock levels, which, in turn, influence price behaviour. In periods where OECD commercial stock levels lie within a certain range, currently around 2,450-2,650 million barrels, the range of prices is larger than when stock levels are very high or very low. In both the latter extreme situations, prices are prone to rapid movements, undermining market stability. Other factors, of course, also influence price fluctuations. The general opinion among regularly published oil market reports points to the inevitability of a higher-than-normal build in stocks in the second quarter of 2004. If the resulting surplus is not handled in a timely and effective manner, there is likely to be excessive downward pressure on prices, which, if left unattended, would lead to a protracted spell of volatility. (Author)

  19. Marketing of green electrons. Solar-power stock exchanges

    International Nuclear Information System (INIS)

    Nussbaumer-Waelti, E.

    1999-01-01

    An independent power producer evaluates the current solar-power stock exchanges in Switzerland. Most stock exchanges have been created by electric utilities which want to deliver 'green' power to those of their clients asking for. A first group of solar-power stock exchanges offer to take over the produced solar power at a marginal price. Among them, some organise a competition between the potential solar-power producers, in order to press down the investment cost for the new photovoltaic plants to build. Other stock exchanges propose a periodical adaptation of the prices, especially an adaptation to the capital interest rate. For sure, the total length of the time period for which the contract is established is one of the decisive factors. Because no bank is ready to grant a credit for such an investment without having seen a long-running take-over contract for the produced power [de

  20. Trading in Target Stocks Before Takeover Announcements: An Analysis of Stock and Option Markets

    OpenAIRE

    Marcus Clements; Harminder Singh; Antonie Van Eekelen

    2007-01-01

    In this study we examine both informed trading and contraire trading preceding takeover announcements on US target firms. Our findings suggest that both informed trading and contraire trading exists within the period preceding takeover announcements on both the stock and option markets as evident through abnormal returns and trading volumes. In regard to contraire trading, this study investigates possible explanations for its existence including liquidity clustering, falsely informed trading ...

  1. An operatorial approach to stock markets

    International Nuclear Information System (INIS)

    Bagarello, F

    2006-01-01

    We propose and discuss some toy models of stock markets using the same operatorial approach adopted in quantum mechanics. Our models are suggested by the discrete nature of the number of shares and of the cash which are exchanged in a real market, and by the existence of conserved quantities, like the total number of shares or some linear combination of cash and shares. The same framework as the one used in the description of a gas of interacting bosons is adopted

  2. Leverage and growth: effect of stock options

    OpenAIRE

    Francis, Bill; Hasan , Iftekhar; Sharma, Zenu

    2011-01-01

    This paper investigates the potential effects of stock options on managers’ investment decisions and therefore on a firm’s growth or, alternatively, on its leverage-growth relationship. To structure the analysis addressing this issue, the paper utilizes a framework establishing a negative relationship between leverage and the firm’s growth. However, in contrast to some of the existing results, the empirical analysis of manufacturing firms in this paper shows that the negative relationship bet...

  3. Multiscale Shannon entropy and its application in the stock market

    Science.gov (United States)

    Gu, Rongbao

    2017-10-01

    In this paper, we perform a multiscale entropy analysis on the Dow Jones Industrial Average Index using the Shannon entropy. The stock index shows the characteristic of multi-scale entropy that caused by noise in the market. The entropy is demonstrated to have significant predictive ability for the stock index in both long-term and short-term, and empirical results verify that noise does exist in the market and can affect stock price. It has important implications on market participants such as noise traders.

  4. Outlook '98 - Stock markets

    International Nuclear Information System (INIS)

    Vankka, D.

    1998-01-01

    In view of the recent drop of some 20 per cent in energy stock prices, and the decline in the value of the Canadian dollar, forecasting oilpatch financing in 1998 is a risky undertaking. Based on a variety of relevant factors, it is expected that there will be a slowdown in oil and gas financing deals in the short term. On the other hand, longer term outlook is bullish, based on the huge capital requirements over the next few years for conventional projects, heavy oil, oilsands and pipelines projects. Corporate mergers and acquisitions will continue at about the same rate as in 1997, as companies attempt to achieve ''economies of scale'' and growth in the most economically sensible manner. Adding production and reserves through corporate transactions at the current lower stock prices will be a powerful incentive. Creative deal structuring will become more prevalent. Corporate reorganizations into separate companies in search of value maximization will increase

  5. A cointegration analysis of wine stock indexes

    Directory of Open Access Journals (Sweden)

    Sabina Introvigne

    2017-12-01

    Full Text Available This paper analyzes price patterns and long-run relationships for both fine wine and non-fine wine, with the aim to highlight price dynamics and co-movements between series, and to exploit potential diversification benefits. Data are from Liv-Ex 100 Fine Wine for fine wine, the Mediobanca Global Wine Industry Share Price for normal wine, and the MSCI World Index as a proxy of the overall stock market. Engle-Granger and Johansen tests were used to detect whether and to what extent the series co-move in the long run and which one of the variables contributes proactively to such an equilibrium by reacting to disequilibria from the long-run path. The estimates highlight that i the two wine indexes have a higher Sharpe ratio compared to the general stock market index, revealing wine stocks as a profitable investment per se, and ii the absence of cointegration among the three series and the existence of possible diversification benefits. In fact, in the long-run price do not move together and, therefore, investors may be better off by including wine stocks into investment portfolios and take advantage of diversification

  6. Stock Picking via Nonsymmetrically Pruned Binary Decision Trees

    OpenAIRE

    Anton Andriyashin

    2008-01-01

    Stock picking is the field of financial analysis that is of particular interest for many professional investors and researchers. In this study stock picking is implemented via binary classification trees. Optimal tree size is believed to be the crucial factor in forecasting performance of the trees. While there exists a standard method of tree pruning, which is based on the cost-complexity tradeoff and used in the majority of studies employing binary decision trees, this paper introduces a no...

  7. Sector Identification in a Set of Stock Return Time Series Traded at the London Stock Exchange

    Science.gov (United States)

    Coronnello, C.; Tumminello, M.; Lillo, F.; Micciche, S.; Mantegna, R. N.

    2005-09-01

    We compare some methods recently used in the literature to detect the existence of a certain degree of common behavior of stock returns belonging to the same economic sector. Specifically, we discuss methods based on random matrix theory and hierarchical clustering techniques. We apply these methods to a portfolio of stocks traded at the London Stock Exchange. The investigated time series are recorded both at a daily time horizon and at a 5-minute time horizon. The correlation coefficient matrix is very different at different time horizons confirming that more structured correlation coefficient matrices are observed for long time horizons. All the considered methods are able to detect economic information and the presence of clusters characterized by the economic sector of stocks. However, different methods present a different degree of sensitivity with respect to different sectors. Our comparative analysis suggests that the application of just a single method could not be able to extract all the economic information present in the correlation coefficient matrix of a stock portfolio.

  8. Impacts of climate change performance on building in New Zealand

    Energy Technology Data Exchange (ETDEWEB)

    Camilleri, M.; Jaques, R.; Isaacs, N.

    2001-07-01

    Climate change is expected to impact on many aspects of building performance, with much of the existing and future building stock likely to be affected. Potential impacts of climate change on buildings are identified, evaluated as to how serious they might be, and actions are considered to ensure that future building performance is not compromised. Climate change scenarios for New Zealand defined the scale of climate changes considered for building performance. For each climate variable, relevant aspects of building performance were examined to determine if there is likely to be a significant impact. Where significant impacts were indicated, they were studied in detail and quantified where possible. A risk-profiling tool was formulated to cover the risk/severity of the most significant climate change impacts, which include flooding, tropical cyclones and overheating. Adaptation strategies were developed for each climate change impact, with different responses appropriate for each impact. Mitigation of greenhouse emissions is also addressed. For those risks where delaying action has serious consequences, it may be appropriate to consider changes in building or zoning regulations to anticipate the future impacts of climate change. Some implications for future building performance, design, standards and regulation are discussed. (author)

  9. Stock Price Performance Following Equity Offerings at Oslo Stock Exchange: Is Investing in SEO Companies Hazardous to Your Wealth?

    OpenAIRE

    Grieg, Benedicte Willumsen

    2012-01-01

    I examine the stock price performance following a seasoned equity offering at Oslo Stock Exchange. Through an empirical analysis I find that the existence of a negative announcement effect associated with issuing seasoned equity, as well as a long-run underperformance, is also applicable in the Norwegian market. The level of asymmetry can to a large extent explain the price drop and varies with characteristics like sector, offering size, floatation method, and pre-offer performance. The long-...

  10. Towards Energy Demand Reduction in Social Housing Buildings: Envelope System Optimization Strategies

    Directory of Open Access Journals (Sweden)

    Paula M. Esquivias

    2012-07-01

    Full Text Available This work evaluates the potential for the reduction of energy demand in residential buildings by acting on the exterior envelope, both in newly constructed buildings and in the retrofitting of existing stock. It focuses on analysing social housing buildings in Mediterranean areas and on quantifying the scope of that reduction in the application of different envelope design strategies, with the purpose of prioritizing their application based on their energy efficiency. The analyses and quantifications were made by means of the generation of energy models with the TRNSYS tool for simple or combined solutions, identifying possible potentials for reduction of the energy demand from 20% to 25%, basically by acting on the windows. The case study was a newly built social housing building of a closed block type located in Seville (Spain. Its constructive techniques and the insulation level of its envelope are standardized for current buildings widespread across Mediterranean Europe.

  11. Intelligent use of buildings' energy information

    Energy Technology Data Exchange (ETDEWEB)

    Ala-Juusela, M., Email: mia.ala-juusela@vtt.fi

    2012-06-15

    The IntUBE project will increase the possibility of reaching the European Commission's energy efficiency goals by facilitating more efficient use of the existing building stock. IntUBE stands for Intelligent Use of Buildings' Energy Information. The results of the IntUBE-project are expected not only to enhance the comfort levels of building users, but also to reduce overall energy costs through better energy efficiency. The IntUBE project was a European cooperation between twelve partners from nine European countries and received funding from the European Commission. The project was implemented between May 2009 and April 2011. The IntUBE consortium spans key research partners from northern to southern Europe including SMEs committed to exploiting the results of the project. The project was coordinated by VTT. (orig.)

  12. Stock return, seasonality and asymmetric conditional volatility in steel & iron subsector

    Directory of Open Access Journals (Sweden)

    V. Chirila

    2015-01-01

    Full Text Available This paper presents the results obtained following the testing of five hypotheses regarding conditional return and volatility of the most listed European stocks in the steel & iron subsector. The following elements of the stocks are analysed: time variation of volatility, seasonality of return and volatility, relationship between return and volatility and volatility asymmetry. The results obtained confirm for all the analyzed stocks the existence of volatility variation in time, the lack of correlation between return and volatility, the existence of asymmetry phenomenon of volatility and the presence in some stocks of the seasonality effect both for return and volatility.

  13. Capital Structure and Stock Returns

    OpenAIRE

    Ivo Welch

    2002-01-01

    U.S. corporations do not issue and repurchase debt and equity to counteract the mechanistic effects of stock returns on their debt-equity ratios. Thus over one- to five-year horizons, stock returns can explain about 40 percent of debt ratio dynamics. Although corporate net issuing activity is lively and although it can explain 60 percent of debt ratio dynamics (long-term debt issuing activity being most capital structurerelevant), corporate issuing motives remain largely a mystery. When stock...

  14. Buildings move. The benefit of sustainable renovation of office buildings; Gebouwen bewegen. De winst van duurzame kantoorrenovatie

    Energy Technology Data Exchange (ETDEWEB)

    Van Miert, M. [Bureau Van Miert, Breda (Netherlands); De Ruiter, P. [Architectenbureau Paul de Ruiter, Amsterdam (Netherlands); Verburgt, P.

    2012-05-15

    Within the programme 'EnergieSprong' the development of the so-called Transition Formula was initiated that shows how existing offices can be renovated into energy efficient or even energy neutral buildings. A multidisciplinary view on the existing office buildings stock and users' demand has led to four renovation strategies which are described in this book [Dutch] EnergieSprong heeft het initiatief genomen dit boek te ontwikkelen waarin de Transitieformule laat zien hoe het vandaag de dag mogelijk is om bestaande kantoren heel energiezuinig of zelfs energieneutraal te renoveren. Een multidisciplinaire kijk op de bestaande kantorenvoorraad en de huidige vraag van gebruikers heeft geleid tot een viertal renovatiestrategieen die in dit boek beschreven worden.

  15. Hot money and China's stock market volatility: Further evidence using the GARCH-MIDAS model

    Science.gov (United States)

    Wei, Yu; Yu, Qianwen; Liu, Jing; Cao, Yang

    2018-02-01

    This paper investigates the influence of hot money on the return and volatility of the Chinese stock market using a nonlinear Granger causality test and a new GARCH-class model based on mixed data sampling regression (GARCH-MIDAS). The empirical results suggest that no linear or nonlinear causality exists between the growth rate of hot money and the Chinese stock market return, implying that the Chinese stock market is not driven by hot money and vice versa. However, hot money has a significant positive impact on the long-term volatility of the Chinese stock market. Furthermore, the dependence between the long-term volatility caused by hot money and the total volatility of the Chinese stock market is time-variant, indicating that huge volatilities in the stock market are not always triggered by international speculation capital flow and that Chinese authorities should further focus on more systemic reforms in the trading rules and on effectively regulating the stock market.

  16. Estimating uncertainty of data limited stock assessments

    DEFF Research Database (Denmark)

    Kokkalis, Alexandros; Eikeset, Anne Maria; Thygesen, Uffe Høgsbro

    2017-01-01

    -limited. Particular emphasis is put on providing uncertainty estimates of the data-limited assessment. We assess four cod stocks in the North-East Atlantic and compare our estimates of stock status (F/Fmsy) with the official assessments. The estimated stock status of all four cod stocks followed the established stock...

  17. An Empirical Analysis Of Stock Returns And Volatility: The Case Of Stock Markets From Central And Eastern Europe

    Directory of Open Access Journals (Sweden)

    Okičić Jasmina

    2015-04-01

    Full Text Available The main goal of this paper is to investigate the behaviour of stock returns in the case of stock markets from Central and Eastern Europe (CEE, focusing on the relationship between returns and conditional volatility. Since there is relatively little empirical research on the volatility of stock returns in underdeveloped stock markets, with even fewer studies on markets in the transitional economies of the CEE region, this paper is designed to shed some light on the econometric modelling of the conditional mean and volatility of stock returns from this region. The results presented in this paper provide confirmatory evidence that ARIMA and GARCH processes provide parsimonious approximations of mean and volatility dynamics in the case of the selected stock markets. There is overwhelming evidence corroborating the existence of a leverage effect, meaning that negative shocks increase volatility more than positive shocks do. Since financial decisions are generally based upon the trade-off between risk and return, the results presented in this paper will provide valuable information in decision making for those who are planning to invest in stock markets from the CEE region.

  18. Implementation and evaluation of a web based system for pharmacy stock management in rural Haiti.

    Science.gov (United States)

    Berger, Elisabeth J; Jazayeri, Darius; Sauveur, Marcel; Manasse, Jean Joel; Plancher, Inel; Fiefe, Marquise; Laurat, Guerline; Joseph, Samahel; Kempton, Kathryn; Fraser, Hamish S F

    2007-10-11

    Managing the stock and supply of medication is essential for the provision of health care, especially in resource poor areas of the world. We have developed an innovative, web-based stock management system to support nine clinics in rural Haiti. Building on our experience with a web-based EMR system for our HIV patients, we developed a comprehensive stock tracking system that is modeled on the appearance of standardized WHO stock cards. The system allows pharmacy staff at all clinics to enter stock levels and also to request drugs and track shipments. Use of the system over the last 2 years has increased rapidly and we now track 450 products supporting care for 1.78 million patient visits annually. Over the last year drug stockouts have fallen from 2.6% to 1.1% and 97% of stock requests delivered were shipped within 1 day. We are now setting up this system in our clinics in rural Rwanda.

  19. Testing for regime-switching CAPM on Zagreb Stock Exchange

    Directory of Open Access Journals (Sweden)

    Tihana Škrinjarić

    2014-12-01

    Full Text Available The standard Capital Asset Pricing Model assumes that a linear relationship exists between the risk (beta and the expected excess return of a stock. However, empirical findings have shown over the years that this relationship varies over time. Stock markets undergo phases of greater and smaller volatility in which beta varies accordingly (undergoes different regimes. Given that the Croatian capital market is still insufficiently investigated, the aim of this paper is to explore the possibility of a non-linear relationship between the stock risk and return. Linear and Markov-switching models (Hamilton 1989 are examined on the Zagreb Stock Exchange based on monthly data on 21 stocks, ranging from January 2005 to December 2013. In that way, investors can use the results based on the best model when making decisions about buying stocks. Since this is one of the first papers on regime-switching on the Croatian capital market, it will hopefully contribute to the existing literature on investing.

  20. Determinants Of Equity Prices In The Stock Market

    Directory of Open Access Journals (Sweden)

    Muhammad Usman Javaid

    2010-12-01

    Full Text Available This study examines the effect of market variables on the movement stock prices in Pakistan. Asset pricing is considered as efficient if the asset prices reflect all available market information. This study examined the extent to which some "information factors" or market indices affect the stock price. A simple regression model has been used to develop a relation between the variables (stock prices, earnings per share, gross domestic product, dividend, inflation and KIBOR after testing for multi-collinearity among the independent variables. All the variables have shown positive correlation with stock prices with some exceptions of GDP and inflation. This study has enriched the existing literature while it would help policy makers who are interested in deploying instruments of monetary policy and other economic indices for the growth of the capital market.

  1. Corruption and stock market development: A quantitative approach

    Science.gov (United States)

    Bolgorian, Meysam

    2011-11-01

    Studying the relation between corruption and economic factors and examining its consequences for economic development have attracted many economists and physicists in recent years. The purpose of this paper is to focus on the role of stock market development on corruption. Analyzing a data set of corruption and stock market development measures such as market capitalization and total value of share trading for 46 countries around the world for the period 2007-2009, we examine the dependence of the Corruption Perception Index (CPI) on stock market development. Our findings suggest that there exists a power-law dependence between corruption and stock market development. We also observe a negative relation between level of corruption and financial system improvement.

  2. Thermal and Economic Analysis of Renovation Strategies for a Historic Building in Mediterranean Area

    Directory of Open Access Journals (Sweden)

    Simona Cirami

    2017-07-01

    Full Text Available Around 30% of the European building stock was built before 1950, when no regulations about energy efficiency were in force. Since only a small part of them has been renovated by now, the energy performance of this building stock is on average quite poor, resulting in a significant impact on the energy balance of European countries, as confirmed by data published by ISTAT (Italian National Statistical Institute. However, energy retrofit in historic edifices is a quite demanding issue as any intervention must take into account the need to preserve existing building materials and appearances while also allowing reversibility and low invasiveness. As an example, in these buildings it is not possible to apply an ETICS (External Thermal Insulation Composite System, since this would alter the historic and architectural value of the façade. On the other hand, internal insulation would have the drawback of reducing the net useful floor area, which also implies a loss of economic value. Moreover, internal insulation may induce overheating risks and mold formation. In this paper, all these issues are investigated with reference to an existing historic building located in southern Italy, showing that a retrofit strategy aimed at energy savings and cost-effectiveness is still possible if suitable materials and solutions are adopted.

  3. Stock Identification of Columbia River Chinook Salmon and Steelhead Trout, 1984-1985 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Schreck, Carl B.; Sharpe, Cameron; Li, Hiram W. (Oregon State University, Oregon Cooperative Fishery Research Unit, Corvallis, OR)

    1985-09-21

    summer stocks and similar between hatchery and wild stocks. Heterozygosity values among the areas were very similar for the steelhead stocks. Analysis of variance tests indicate that significant differences exist among the stocks for scales in the lateral series, scale rows above the lateral line, anal rays, dorsal rays, vertebrae and paired fin rays for both steelhead and chinook. Tests on gill raker and branchiostegal counts will be conducted when those counts are completed. Morphometric characters were compared between fed and starved groups of steelhead trout to determine which characters may be affected by condition factor or fatness of the fish. The results show that the linear characters, some head measurements and the truss-type characters in the caudal peduncle are most likely to be unaffected by condition factor. The measurements in the gut area of the fish appear to be unsuitable for discriminating among the stocks since they are highly affected by condition factor.

  4. RE-EXAMINING STOCK MARKET INTEGRATION AMONG BRICS COUNTRIES

    Directory of Open Access Journals (Sweden)

    Berzanna Seydou Ouattara

    2017-09-01

    Full Text Available The main goal of this paper is to contribute to the international investment decision making process among the BRICS countries and to the development or changes of policies in response to the dynamics in these countries. The background is important for international investors seeking diversification benefits abroad and for policy makers reacting to the developments in the aforementioned economies. Thus, the context of this paper is directed to the examination of the stock market interaction among the BRICS countries. The objective of this research paper is to analyze the existence of the short-term linkages and long-term cointegration among the BRICS markets. Augmented Dicker-Fuller (ADF and Philips-Perron tests (PP are used to analyze stationarity among the selected variables. The research applies the correlation test on the stock markets returns to investigate the degree of freedom existing among the markets. The long run and the short run are also investigated using Johansen cointegration test while the Pairwise Granger Causality and the Wald tests are applied to assess the direction of the causality between the stock market indices. The study also extends the investigation by employing the impulse response function and variance decomposition to evaluate the reaction of each stock to a shock from other stock indices. The quarterly data consisted of fifteen years from 2000 to 2015 and are exclusively composed of stock market index of selected countries. One of the key findings of the research is that the Chinese stock markets are mostly independent from other BRICS markets, implying diversification benefits for the international investors both in the short and the long run. Another important finding is that the BRICS stock markets are not cointegrated in the long run, thus, being a favorable destination for the long-term investments.

  5. The Impact of Macroeconomic Fundamentals on Stock Prices Revisited: Evidence from Indian Data

    Directory of Open Access Journals (Sweden)

    Pramod Kumar NAIK

    2012-11-01

    Full Text Available The study investigates the relationships between the Indian stock market index (BSE Sensex and five macroeconomic variables, namely, industrial production index, wholesale price index, money supply, treasury bills rates and exchange rates over the period 1994:04–2011:06. Johansen’s co-integration and vector error correction model have been applied to explore the long-run equilibrium relationship between stock market index and macroeconomic variables. The analysis reveals that macroeconomic variables and the stock market index are co-integrated and, hence, a long-run equilibrium relationship exists between them. It is observed that the stock prices positively relate to the money supply and industrial production but negatively relate to inflation. The exchange rate and the short-term interest rate are found to be insignificant in determining stock prices. In the Granger causality sense, macroeconomic variable causes the stock prices in the long-run but not in the short-run. There is bidirectional causality exists between industrial production and stock prices whereas, unidirectional causality from money supply to stock price, stock price to inflation and interest rates to stock prices are found.

  6. Mixed stock analysis of Lake Michigan's Lake Whitefish Coregonus clupeaformis commercial fishery

    Science.gov (United States)

    Andvik, Ryan; Sloss, Brian L.; VanDeHey, Justin A.; Claramunt, Randall M.; Hansen, Scott P.; Isermann, Daniel A.

    2016-01-01

    Lake whitefish (Coregonus clupeaformis) support the primary commercial fishery in Lake Michigan. Discrete genetic stocks of lake whitefish have been identified and tagging data suggest stocks are mixed throughout much of the year. Our objectives were to determine if (1) differential stock harvest occurs in the commercial catch, (2) spatial differences in genetic composition of harvested fish were present, and (3) seasonal differences were present in the harvest by commercial fisheries that operate in management zones WI-2 and WFM-01 (Green Bay, Lake Michigan). Mixed stock analysis was conducted on 17 commercial harvest samples (n = 78–145/sample) collected from various ports lake-wide during 2009–2010. Results showed significant mixing with variability in stock composition across most samples. Samples consisted of two to four genetic stocks each accounting for ≥ 10% the catch. In 10 of 17 samples, the stock contributing the largest proportion made up differences existed in the proportional stock contribution at a single capture location. Samples from Wisconsin's primary commercial fishing management zone (WI-2) were composed predominately of fish from the Big Bay de Noc (Michigan) stock as opposed to the geographically proximate, North–Moonlight Bay (Wisconsin) stock. These findings have implications for management and allocation of fish to various quotas. Specifically, geographic location of harvest, the current means of allocating harvest quotas, is not the best predictor of genetic stock harvest.

  7. Temporal causal relationship between stock market capitalization, trade openness and real GDP: evidence from Thailand

    OpenAIRE

    Jiranyakul, Komain

    2014-01-01

    This study examines both short-run and long-run causal relationship between stock market capitalization, trade openness and economic growth in Thailand. Quarterly data over the period from the first quarter of 1993 to the fourth quarter of 2013 are used in the analysis. The results from this study show that there exists a unidirectional long-run causality running from stock market capitalization and trade openness to real GDP. In the short run, stock market capitalization does not causes econ...

  8. The Place of Management of Production Stocks in the Enterprise Management System

    OpenAIRE

    Kuzmin Oleh Ye.; Melnyk Olha H.; Hanas Lyubov M.; Nodzhak Lyubov S.

    2017-01-01

    The article is concerned with the definition of peculiarities of management of production stocks within the management system of enterprise. The article thoroughly researches the essence and peculiarities of the process of management of production stocks as an economic category that, unlike existing interpretations, has allowed to specify semantic and functional content of the concept. Management of production stocks of enterprise is presented as a specific function of management in the enter...

  9. Calculation of the energy balance and economic efficiency for a hired multiple dwelling unit in a stock Holbeinstrasse 3-5-7, Ruesselsheim. Final report; Energiebilanz- und Wirtschaftlichkeitsberechnungen fuer ein vermietetes Mehrfamilienhaus im Bestand Holbeinstrasse 3-5-7, Ruesselsheim. Endbericht

    Energy Technology Data Exchange (ETDEWEB)

    Enseling, Andreas; Hinz, Eberhard

    2009-01-16

    The authors of the contribution under consideration calculate the energy balance and economy for a rented multi-family house in the stock Holbein Street 3-5-7, Ruesselsheim (Federal Republic of Germany). The measured values only permit a rough estimation of the energy efficiency of the building and its heat supply system. The building with its thermal characteristics and the concept of power supply are not co-ordinated optimally. The heat requirement of the building is too high in order to be covered with renewable energy. Regarding the high capital costs an optimization potential exists during the heat supply.

  10. Competence Building

    DEFF Research Database (Denmark)

    Borrás, Susana; Edquist, Charles

    The main question that guides this paper is how governments are focusing (and must focus) on competence building (education and training) when designing and implementing innovation policies. With this approach, the paper aims at filling the gap between the existing literature on competences...... on the one hand, and the real world of innovation policy-making on the other, typically not speaking to each other. With this purpose in mind, this paper discusses the role of competences and competence-building in the innovation process from a perspective of innovation systems; it examines how governments...... and public agencies in different countries and different times have actually approached the issue of building, maintaining and using competences in their innovation systems; it examines what are the critical and most important issues at stake from the point of view of innovation policy, looking particularly...

  11. Analysis of Economic Factors Affecting Stock Market

    OpenAIRE

    Xie, Linyin

    2010-01-01

    This dissertation concentrates on analysis of economic factors affecting Chinese stock market through examining relationship between stock market index and economic factors. Six economic variables are examined: industrial production, money supply 1, money supply 2, exchange rate, long-term government bond yield and real estate total value. Stock market comprises fixed interest stocks and equities shares. In this dissertation, stock market is restricted to equity market. The stock price in thi...

  12. Essays on Stock Issuance

    DEFF Research Database (Denmark)

    Kohl, Niklas

    Firms which issue new equity subsequently have lower returns than other firms, but does the strength of the issuance effect vary in the cross section of firms? The essay shows, that US firms with characteristics that makes them “hard to value” have returns which are strongly related to their past...... issuance activity, while the return of “easy to value” firms are less related to their past issuance activity. In most cases the difference between “hard to value” and “easy to value” firms are signiffcant. As proxies for “hard to value”, I use three different types of firm characteristics. First, I...... consider firms for which relatively little information is available as “hard to value”. Examples are firms covered by few analysts and small firms. Second, I consider firms with high levels of analyst disagreement on stock price target, next quarter earnings per share and share recommendation as “hard...

  13. The Body Stocking

    DEFF Research Database (Denmark)

    Petersen, Louise Ravnløkke Munk; Bang, Anne Louise

    2016-01-01

    and clothing. We take as a starting point that longevity has a significant impact on furthering sustainability in textiles and clothing since it can be a driver on many levels, e.g. new business models, decisions made in the design phase and/or changes in use and consumption. The study applies variations...... of the Repertory Grid technique and Wardrobe Studies to frame a tangible dialogue enabling the parents to elaborate on personal preferences of design aesthetics and materials in baby clothing. In the analysis we use the body stocking as a common reference point for learning about reasons for high use frequency....... In addition, it is exemplified how personal taste, preferences for aesthetics and experience of wellbeing may have an impact on high use frequency. Finally, the paper points to further elaboration by suggesting a (tentative) matrix structure to better understand the parameters in designing sustainable...

  14. Online stock trading platform

    Directory of Open Access Journals (Sweden)

    Ion LUNGU

    2006-01-01

    Full Text Available The Internet is the perfect tool that can assure the market’s transparency for any user who wants to trade on the stock market. The investor can have access to the market news, financial calendar or the press releases of the issuers. A good online trading platform also provides real-time intraday quotes, trading history and technical analysis giving the investor a clearer view of the supply and demand in the market. All this information provides the investor a good image of the market and encourages him to trade. This paper wishes to draft the pieces of an online trading platform and to analyze the impact of developing and implementing one in a brokerage firm.

  15. Distribution characteristics of stock market liquidity

    Science.gov (United States)

    Luo, Jiawen; Chen, Langnan; Liu, Hao

    2013-12-01

    We examine the distribution characteristics of stock market liquidity by employing the generalized additive models for location, scale and shape (GAMLSS) model and three-minute frequency data from Chinese stock markets. We find that the BCPE distribution within the GAMLSS framework fits the distributions of stock market liquidity well with the diagnosis test. We also find that the stock market index exhibits a significant impact on the distributions of stock market liquidity. The stock market liquidity usually exhibits a positive skewness, but a normal distribution at a low level of stock market index and a high-peak and fat-tail shape at a high level of stock market index.

  16. Solar Panel Installations on Existing Structures

    OpenAIRE

    Tim D. Sass; Pe; Leed

    2013-01-01

    The rising price of fossil fuels, government incentives and growing public aware-ness for the need to implement sustainable energy supplies has resulted in a large in-crease in solar panel installations across the country. For many sites the most eco-nomical solar panel installation uses existing, southerly facing rooftops. Adding solar panels to an existing roof typically means increased loads that must be borne by the building-s structural elements. The structural desig...

  17. Improving the thermal performance of the US residential window stock

    Energy Technology Data Exchange (ETDEWEB)

    Brown, R.E.; Arasteh, D.K.; Eto, J.H.

    1992-05-01

    Windows have typically been the least efficient thermal component in the residential envelope, but technology advances over the past decade have helped to dramatically improve the energy efficiency of window products. While the thermal performance of these advanced technology windows can be easily characterized for a particular building application, few precise estimates exist of their aggregate impact on national or regional energy use. Policy-makers, utilities, researchers and the fenestration industry must better understand these products` ultimate conservation potential in order to determine the value of developing new products and initiating programs to accelerate their market acceptance. This paper presents a method to estimate the conservation potential of advanced window technologies, combining elements of two well-known modeling paradigms: supply curves of conserved energy and residential end-use forecasting. The unique features include: detailed descriptions of the housing stock by region and vintage, state-of-the-art thermal descriptions of window technologies, and incorporation of market effects to calculate achievable conservation potential and timing. We demonstrate the methodology by comparing, for all new houses built between 1990 and 2010, the conservation potential of very efficient, high R-value ``superwindows`` in the North Central federal region and spectrally-selective low-emissivity (moderate Revalue and solar transmittance) windows in California.

  18. Energy Performance of Verandas in the Building Retrofit Process

    Directory of Open Access Journals (Sweden)

    Rossano Albatici

    2016-05-01

    Full Text Available Passive solar elements for both direct and indirect gains, are systems used to maintain a comfortable living environment while saving energy, especially in the building energy retrofit and adaptation process. Sunspaces, thermal mass and glazing area and orientation have been often used in the past to guarantee adequate indoor conditions when mechanical devices were not available. After a period of neglect, nowadays they are again considered as appropriate systems to help face environmental issues in the building sector, and both international and national legislation takes into consideration the possibility of including them in the building planning tools, also providing economic incentives. Their proper design needs dynamic simulation, often difficult to perform and time consuming. Moreover, results generally suffer from several uncertainties, so quasi steady-state procedures are often used in everyday practice with good results, but some corrections are still needed. In this paper, a comparative analysis of different solutions for the construction of verandas in an existing building is presented, following the procedure provided by the slightly modified and improved Standard EN ISO 13790:2008. Advantages and disadvantages of different configurations considering thermal insulation, windows typology and mechanical ventilation systems are discussed and a general intervention strategy is proposed. The aim is to highlight the possibility of using sunspaces in order to increase the efficiency of the existing building stock, considering ease of construction and economic viability.

  19. Assessment of Energy Impact of Window Technologies for Commercial Buildings

    Energy Technology Data Exchange (ETDEWEB)

    Hong, Tianzhen [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States). Environmental Energy Technologies Division; Selkowitz, Stephen [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States). Environmental Energy Technologies Division; Yazdanian, Mehry [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States). Environmental Energy Technologies Division

    2009-10-01

    Windows play a significant role in commercial buildings targeting the goal of net zero energy. This report summarizes research methodology and findings in evaluating the energy impact of windows technologies for commercial buildings. The large office prototypical building, chosen from the DOE commercial building benchmarks, was used as the baseline model which met the prescriptive requirements of ASHRAE Standard 90.1-2004. The building simulations were performed with EnergyPlus and TMY3 weather data for five typical US climates to calculate the energy savings potentials of six windows technologies when compared with the ASHRAE 90.1-2004 baseline windows. The six windows cover existing, new, and emerging technologies, including ASHRAE 189.1 baseline windows, triple pane low-e windows, clear and tinted double pane highly insulating low-e windows, electrochromic (EC) windows, and highly insulating EC windows representing the hypothetically feasible optimum windows. The existing stocks based on average commercial windows sales are included in the analysis for benchmarking purposes.

  20. The Book-to-Market Anomaly in the Chinese Stock Markets

    Directory of Open Access Journals (Sweden)

    Kin-Yip Ho

    2015-09-01

    Full Text Available This paper examines the existence of value premium in the Chinese stock markets and empirically provides its explanation. Our results suggest that the value premium does exist in the Chinese markets, and investor sophistication is significant in explaining its existence. In particular, there is supporting evidence that the value premium could be driven by individual investors, whereas stocks that are mostly held by institutional investors are value-premium free. We briefly discuss the implications of our findings.

  1. The role of BIM (Building Information Modeling for representation and managing of built and historic artifacts

    Directory of Open Access Journals (Sweden)

    Carlo Bianchini

    2016-06-01

    Full Text Available It’s established that in the design and construc- tion of new buildings, BIM is a fundamental refe- rence especially when the standardization is the typical character of the project. As Architecture, with the management of the entire building pro- cess, requires standardization for greater eco- nomy, thanks to BIM tools the building process seems to have actually moved to a 2.0 phase; on the contrary, when BIM is applied to historical bu- ildings it still reveals not so adequate. In this framework, this paper will not discuss the differences between CAD and BIM or the un- doubted potential of BIM software from a tech- nical or operational standpoint; we would focus instead on the implication of BIM referring to the Representation disciplines and to the issues con- nected with its application to the existing built stock and especially to historic buildings

  2. Solar building study. Summary report. St. Michael`s Close, Harlow

    Energy Technology Data Exchange (ETDEWEB)

    1992-12-31

    Designed and developed by Harlow Council as an admirable attempt to reduce the energy consumption of its large housing stock, this building represents a quality alternative to the bland stereotype of local authority housing. Well liked for its appearances and other amenity benefits the building in practice is a failure. This failure, which manifests itself in extreme and unnecessary overheating of habitable areas of the building, originates in the lack of division between the conservatory and the rest of the building. Any condition that exists in the former area quickly transmits itself to the latter. The dropping of dividing doors and glazing, that would have enabled the isolation of the conservatory from adjacent habitable areas, was a decision made during the design stage on cost grounds for a saving of approximately 2000 pounds. (author)

  3. Parallel Prediction of Stock Volatility

    Directory of Open Access Journals (Sweden)

    Priscilla Jenq

    2017-10-01

    Full Text Available Volatility is a measurement of the risk of financial products. A stock will hit new highs and lows over time and if these highs and lows fluctuate wildly, then it is considered a high volatile stock. Such a stock is considered riskier than a stock whose volatility is low. Although highly volatile stocks are riskier, the returns that they generate for investors can be quite high. Of course, with a riskier stock also comes the chance of losing money and yielding negative returns. In this project, we will use historic stock data to help us forecast volatility. Since the financial industry usually uses S&P 500 as the indicator of the market, we will use S&P 500 as a benchmark to compute the risk. We will also use artificial neural networks as a tool to predict volatilities for a specific time frame that will be set when we configure this neural network. There have been reports that neural networks with different numbers of layers and different numbers of hidden nodes may generate varying results. In fact, we may be able to find the best configuration of a neural network to compute volatilities. We will implement this system using the parallel approach. The system can be used as a tool for investors to allocating and hedging assets.

  4. Effects of interest rate, exchange rate and their volatilities on stock prices: evidence from banking industry of Pakistan

    Directory of Open Access Journals (Sweden)

    Syed Tehseen JAWAID

    2012-08-01

    Full Text Available This study investigates the effects of exchange rate, interest rates, and their volatilities on stock prices of banking industry of Pakistan. Cointegration results suggests the existance of significant negative long run relationship between exchange rate and short term interest rate with stock prices. On the other hand, positive and significant relationship exists between volatilities of exchange rate and interest rate with stock prices. Causality analysis confirms bidirectional causality between exchange rate and stock prices. Whereas, unidirectional causality runs from short term interest rate to stock prices. Sensitivity analysis confirms that the results are robust. It is suggested that investors should invest in banking sector stocks when exchange rate and interest rates are highly volatile. The result also supports the view that exchange rate and interest rate can be used as an indicator for investment decision making in banking sector stocks.

  5. Reducing Energy Use in Existing Homes by 30%: Learning From Home Performance with ENERGY STAR

    Energy Technology Data Exchange (ETDEWEB)

    Liaukus, C. [Building America Research Alliance (BARA), Kent, WA (United States)

    2014-12-01

    The improvement of existing homes in the United States can have a much greater impact on overall residential energy use than the construction of highly efficient new homes. There are over 130 million existing housing units in the U.S., while annually new construction represents less than two percent of the total supply (U.S. Census Bureau, 2013). Therefore, the existing housing stock presents a clear opportunity and responsibility for Building America (BA) to guide the remodeling and retrofit market toward higher performance existing homes. There are active programs designed to improve the energy performance of existing homes. Home Performance with ENERGY STAR (HPwES) is a market-rate program among them. BARA's research in this project verified that the New Jersey HPwES program is achieving savings in existing homes that meet or exceed BA's goal of 30%. Among the 17 HPwES projects with utility data included in this report, 15 have actual energy savings ranging from 24% to 46%. Further, two of the homes achieved that level of energy savings without the costly replacement of heating and cooling equipment, which indicates that less costly envelope packages could be offered to consumers unable to invest in more costly mechanical packages, potentially creating broader market impact.

  6. CLI technical commission. Additional safety assessments within the EDF nuclear stock

    International Nuclear Information System (INIS)

    2011-01-01

    This slides presentation addresses additional safety assessments within the EDF nuclear stock. It describes the context and challenges of these assessments (institutional framework, European coherence, major objectives for EDF). It describes how EDF is organised to perform these assessments: a global project after Fukushima, assessments and tests which are beyond the existing safety referential, the three defence lines and their tests. It addresses the content of assessment reports for each topic (earthquake, flooding, loss of water, loss of electric supply, accident management). It indicates some improvements proposed after the first assessments. It describes the improvements concerning the Gravelines power plant. It recalls the assessment agenda, proposes a brief overview of events, comments the results of the third decennial visit of production unit no. 1 which comprised some proof test on the primary circuit, on the reactor vessel and on the reactor building

  7. Seasonal Trends in Lithuanian Stock Market

    Directory of Open Access Journals (Sweden)

    Žaneta Simanavičienė

    2013-11-01

    Full Text Available Purpose of the article is to disentangle different calendar effects which leave efficiency holes in Lithuanian market. This paper presents and tests if commonly described seasonal patterns exist in Lithuanian stock market. Analysis of three different sections: period-of-the-year; week-of-the-month and day-of-the-week, suggests that calendar effects do exist in this market. The multitude of explanations for the seasonal effect leaves the reader confused about its primary cause(s: is it tax-loss selling, window dressing, information, bid-ask bounce, or a combination of these causes? The confusion arises, in part, because evidence has generally been presented in support of a particular hypothesis though the same evidence may be consistent with another hypothesis. Methodology/methods are logical and systemic analysis of research literature based on the comparative and generalization methods as well as statistical methods. Scientific aim of the article is the lack of arguments questioning if market prices operating system is fully effective. Novelty of the paper is to the answer to the question what seasonal anomalies are also present in the stock market of new open economy countries. Findings show that using this modified strategy investor could achieve 20.7% compounded annual growth rate versus 7.8% achieved using simply holding stocks throughout. The hypothesis asserts that returns generally will be greater following the “January effect”. There is limited amount of data for constructing robust seasonal strategies so we modified Buy and Hold strategy with simple rules of using best and worst months to show how they influence OMXV index performance. In the conclusions, empirical results using stock index returns for 2000 - 2010 support the hypothesis in Lithuaian stock market. Abnormal activity of OMXV index’s performance is found in the end of summer and throughout autumn. August is best performer of the year while October is

  8. Quantifying the effect of investors' attention on stock market.

    Directory of Open Access Journals (Sweden)

    Zhen-Hua Yang

    Full Text Available The investors' attention has been extensively used to predict the stock market. Different from existing proxies of the investors' attention, such as the Google trends, Baidu index (BI, we argue the collective attention from the stock trading platforms could reflect the investors' attention more closely. By calculated the increments of the attention volume for each stock (IAVS from the stock trading platforms, we investigate the effect of investors' attention measured by the IAVS on the movement of the stock market. The experimental results for Chinese Securities Index 100 (CSI100 show that the BI is significantly correlated with the returns of CSI100 at 1% significance level only in 2014. However, it should be emphasized that the correlation of the new proposed measure, namely IAVS, is significantly at 1% significance level in 2014 and 2015. It shows that the effect of the measure IAVS on the movement of the stock market is more stable and significant than BI. This study yields important invest implications and better understanding of collective investors' attention.

  9. Quantifying the effect of investors' attention on stock market.

    Science.gov (United States)

    Yang, Zhen-Hua; Liu, Jian-Guo; Yu, Chang-Rui; Han, Jing-Ti

    2017-01-01

    The investors' attention has been extensively used to predict the stock market. Different from existing proxies of the investors' attention, such as the Google trends, Baidu index (BI), we argue the collective attention from the stock trading platforms could reflect the investors' attention more closely. By calculated the increments of the attention volume for each stock (IAVS) from the stock trading platforms, we investigate the effect of investors' attention measured by the IAVS on the movement of the stock market. The experimental results for Chinese Securities Index 100 (CSI100) show that the BI is significantly correlated with the returns of CSI100 at 1% significance level only in 2014. However, it should be emphasized that the correlation of the new proposed measure, namely IAVS, is significantly at 1% significance level in 2014 and 2015. It shows that the effect of the measure IAVS on the movement of the stock market is more stable and significant than BI. This study yields important invest implications and better understanding of collective investors' attention.

  10. Quantifying the effect of investors’ attention on stock market

    Science.gov (United States)

    Yang, Zhen-Hua; Liu, Jian-Guo; Yu, Chang-Rui; Han, Jing-Ti

    2017-01-01

    The investors’ attention has been extensively used to predict the stock market. Different from existing proxies of the investors’ attention, such as the Google trends, Baidu index (BI), we argue the collective attention from the stock trading platforms could reflect the investors’ attention more closely. By calculated the increments of the attention volume for each stock (IAVS) from the stock trading platforms, we investigate the effect of investors’ attention measured by the IAVS on the movement of the stock market. The experimental results for Chinese Securities Index 100 (CSI100) show that the BI is significantly correlated with the returns of CSI100 at 1% significance level only in 2014. However, it should be emphasized that the correlation of the new proposed measure, namely IAVS, is significantly at 1% significance level in 2014 and 2015. It shows that the effect of the measure IAVS on the movement of the stock market is more stable and significant than BI. This study yields important invest implications and better understanding of collective investors’ attention. PMID:28542216

  11. Price performance following stock's IPO in different price limit systems

    Science.gov (United States)

    Wu, Ting; Wang, Yue; Li, Ming-Xia

    2018-01-01

    An IPO burst occurred in China's stock markets in 2015, while price limit trading rules usually help to reduce the short-term trading mania on individual stocks. It is interesting to make clear the function of the price limits after IPOs. We firstly make a statistical analysis based on all the IPO stocks listed from 1990 to 2015. A high dependency exists between the activities in stock's IPO and various market environment. We also focus on the price dynamics in the first 40 trading days after the stock listed. We find that price limit system will delay the price movement, especially for the up-trend movements, which may lead to longer continuous price limit hits. Similar to our previous work, many results such as ;W; shape can be also observed in the future daily return after the price limit open. At last, we find most IPO measures show evident correlations with the following price limit hits. IPO stocks with lower first-day turnover and earning per share will be followed with a longer continuous price limit hits and lower future daily return under the newest trading rules, which give us a good way to estimate the occurrence of price limit hits and the following price dynamics. Our analysis provides a better understanding of the price dynamics after IPO events and offers potential practical values for investors.

  12. An econometric model of the South African stock market

    Directory of Open Access Journals (Sweden)

    E Moolman

    2015-01-01

    Full Text Available A wealth of literature exists concerning the modelling of stock markets, as well as the examination of the relationshiop between share price and various economic factors, both theoretically and empirically.  However, most studies use data for developed countries in their analyses, while the literature moselling emerging stock markets in general, and the south African stock market in particular, is quite sparse.  This study develops a structural theoretically founded model of the South African stock market that is estimated using co-integration and error-correction techniques. These techniques respectively estimate the long-term equilibrium or intrinsic value of the stock market, and the short-term fluctuations around the quilibrium level. According to the results, share prices are co-integrated with the variables dictated by the expected present value model of asset price determination.  The short-term fluctuations are determined by various factors such as interest rates, a risk premium, the exchange rate, foreign stock market adn other variables.

  13. Enterprises from NewConnect Stock Market

    Directory of Open Access Journals (Sweden)

    Grzegorz Gołębiowski

    2009-12-01

    Full Text Available Corporate capital structure has been the subject of extensive research in the last decades. The article briefly examines the existing theories of corporate capital structure. However, applying those concepts in practice has brought mixed results. This study is another attempt to determine capital structure in selected companies as well as analyze impact of the pre-defined debt level on effectiveness of economic entity. Variables like size and sector and their influence on debt-raising ability have also been verified. 10 companies permitted to trade on NewConnect stock market constituted the sample for this study.

  14. Do More Economists Hold Stocks?

    DEFF Research Database (Denmark)

    Christiansen, Charlotte; Joensen, Juanna Schröter; Rangvid, Jesper

    A unique data set enables us to test the hypothesis that more economists than otherwise identical investors hold stocks due to informational advantages. We confirm that economists have a significantly higher probability of participating in the stock market than investors with any other education......, even when controlling for several background characteristics. We make use of a large register-based panel data set containing detailed information on the educational attainments and various financial and socioeconomic variables. We model the stock market participation decision by the probit model...

  15. Analysis of portfolio optimization with lot of stocks amount constraint: case study index LQ45

    Science.gov (United States)

    Chin, Liem; Chendra, Erwinna; Sukmana, Agus

    2018-01-01

    To form an optimum portfolio (in the sense of minimizing risk and / or maximizing return), the commonly used model is the mean-variance model of Markowitz. However, there is no amount of lots of stocks constraint. And, retail investors in Indonesia cannot do short selling. So, in this study we will develop an existing model by adding an amount of lot of stocks and short-selling constraints to get the minimum risk of portfolio with and without any target return. We will analyse the stocks listed in the LQ45 index based on the stock market capitalization. To perform this analysis, we will use Solver that available in Microsoft Excel.

  16. Appropriate Utilization and Stocking of Antidotes in Qatar Public Hospitals

    Directory of Open Access Journals (Sweden)

    Rawan Salameh

    2017-09-01

    Full Text Available Background: There are a few studies that evaluate preparedness and availability of antidotes in the emergency setting and none have been conducted in Qatar. Published studies show that timely availability of antidotes in the emergency department setting is a common issue. To address this, we conducted a study to evaluate antidote stocking and utilization in Qatar hospital pharmacies and emergency departments. Methods: In order to evaluate the appropriate use and timely administration of antidotes, research assistants prospectively collected data on ED patients. All ED patients who received any key antidote over the 6-month study period were identified through both ED and pharmacy records. In order to evaluate the stocking of the 31 most important antidotes in our main public hospitals, a survey assessing the stocking of these key antidotes was sent to the four general hospitals in Qatar, to determine their availability and whether they are stocked in the ED or only in the main pharmacy. Results: Poison exposure was evaluated in 471 cases. Antidotes were given within 30 minutes in 73% of cases, which included atropine, calcium, dextrose, flumazenil, naloxone, pralidoxime, sodium bicarbonate, thiamine, vitamin K and scorpion and snake antivenoms. Administration occurred later than 60 minutes in 2% of cases, exclusively with N-acetylcysteine and activated charcoal. Atropine, calcium, dextrose, naloxone, pralidoxime (2-PAM, sodium bicarbonate, and anti-venoms were clinically indicated 92% of the times they were ordered. N-acetylcysteine was indicated in only 51.5% of administrations. Significant variation in antidote stocking existed between hospitals, and there was no stocked hydroxocobalamin as antidotes for cyanide poisoning or fomepizole for toxic alcohol poisoning. Conclusion: Antidote stocking varied significantly between hospitals, and antidotes necessary for cyanide and toxic alcohol poisoning were deficient in all public hospitals. The

  17. 什邡市某已建住宅楼工程墙体裂缝控制%Crack Control for Walls in an Existing Residential Building in Shifang

    Institute of Scientific and Technical Information of China (English)

    胡兴福

    2014-01-01

    什邡市某6层砖混结构住宅楼,主体完工4个月后底层局部墙体出现裂缝。经分析,该建筑局部地基为软土,其含水量大、渗透性差,原设计采用的振冲法处理效果差,从而导致局部地基承载力不足、地基沉降量大且不均匀。针对墙体裂缝原因,采用灰土桩加固软土地基,同时采用钢筋混凝土梁加固基础,加固效果良好。%Cracks were emerged from partial ground-floor walls of a six-floor residential building with a masonry-concrete structure in Shifang, 4 months after the main body had completed. According to analysis, it was soft soil in the local foundation of this building, with large water content and poor permeability, the vibroflotation reinforcement effect was poor from the original design, resulted in insufficient carrying capacity of local foundation, and large and uneven of the foundation settlement amount . Based on these reasons, favourable effects of foundation stabilization are arisen from consolidated soft soil with lime-soil piles and reinforced foundation by applying reinforced concrete beams.

  18. Characteristics and Performance of Existing Load Disaggregation Technologies

    Energy Technology Data Exchange (ETDEWEB)

    Mayhorn, Ebony T. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Sullivan, Greg P. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Butner, Ryan S. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Hao, He [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Baechler, Michael C. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States)

    2015-04-10

    of NILM that make them attractive for certain building environments and different classes of end-users. The intent of this report is to raise awareness of trending NILM approaches. Additionally, three existing technologies were acquired and evaluated using the Residential Building Stock Assessment (RBSA) owner-occupied test bed operated by the Northwest Energy Efficiency Alliance (NEEA) to understand performance accuracy of current NILM products under realistic conditions. Based on this field study experience, the characteristics exhibited by the NILM products included in the assessment are also discussed in this report in terms of ease of use, ease of installation, ability to inform decisions and actions. Results of the analysis performed to investigate the accuracy of the participating NILM products in estimating energy use of individual appliances are also presented.

  19. Making Sense of Dynamic Systems: How Our Understanding of Stocks and Flows Depends on a Global Perspective

    Science.gov (United States)

    Fischer, Helen; Gonzalez, Cleotilde

    2016-01-01

    Stocks and flows (SF) are building blocks of dynamic systems: Stocks change through inflows and outflows, such as our bank balance changing with withdrawals and deposits, or atmospheric CO[subscript 2] with absorptions and emissions. However, people make systematic errors when trying to infer the behavior of dynamic systems, termed SF failure,…

  20. An Integrated Rolling Stock Planning Model for the Copenhagen Suburban Passenger Railway

    DEFF Research Database (Denmark)

    Thorlacius, Per; Larsen, Jesper; Laumanns, Marco

    A central issue for operators of passenger railways is providing sufficient number of seats for passengers while at the same time minimising operating costs. This is the task of rolling stock planning. Due to the large number of practical, railway specific requirements that a rolling stock plan has...... to take into account, rolling stock plans are often constructed in a step-by-step manner, taking some requirements into consideration in each step. This may make it difficult in the final step to produce a plan that is feasible with regard to all of the requirements and at the same time economically...... attractive. This paper proposes an integrated rolling stock planning model that simultaneously takes into account all practical requirements for rolling stock planning at DSB S-tog, the suburban passenger train operator of the City of Copenhagen. The model is then used to improve existing rolling stock plans...

  1. An integrated rolling stock planning model for the Copenhagen suburban passenger railway

    DEFF Research Database (Denmark)

    Thorlacius, Per; Larsen, Jesper; Laumanns, Marco

    2015-01-01

    A central issue for operators of passenger railways is providing sufficient number of seats for passengers while at the same time minimising operating costs. This is the task of rolling stock planning. Due to the large number of practical, railway specific requirements that a rolling stock plan has...... to take into account, rolling stock plans are often constructed in a step-by-step manner, taking some requirements into consideration in each step. This may make it difficult in the final step to produce a plan that is feasible with regard to all of the requirements and at the same time economically...... attractive. This paper proposes an integrated rolling stock planning model that simultaneously takes into account all practical requirements for rolling stock planning at DSB S-tog, the suburban passenger train operator of the City of Copenhagen. The model is then used to improve existing rolling stock plans...

  2. EFFECT OF INVESTOR SENTIMENT ON FUTURE RETURNS IN THE NIGERIAN STOCK MARKET

    Directory of Open Access Journals (Sweden)

    Udoka Bernard Alajekwu

    2017-06-01

    Full Text Available The study examined the effect of investor sentiment on future returns in the Nigerian stock market. The OLS regression and granger causality techniques were employed for data analyses. The results showed that (1 investor sentiment has a significant positive effect on stock market returns even after control for fundamentals such as Industrial production index, consumer price index and Treasury bill rate; (2 there is a uni-directional causality that runs from change in investor sentiment (ΔCCI to stock market returns (Rm. Derived finding showed that the inclusion of fundamentals increased the explanatory power of investor sentiment from 3.96% to 33.05%, though at both level, investor sentiment (ΔCCI has low explanatory power on stock market returns. The study posits existence of a dynamic relationship between investor sentiment and the behaviour of stock future returns in Nigeria such that higher sentiment concurrently leads to higher stock prices.

  3. State-of-the-art study on standards for the restoration of existing buildings; State of the Art Studie 'Standards fuer Sanierungen von Bestandsgebaeuden'. Vorbereitende Studie zum 'Energy and GHG Optimised Building Renovation' new annex proposal - Schlussbericht

    Energy Technology Data Exchange (ETDEWEB)

    Cypra, S.

    2009-07-01

    This final report for the Swiss Federal Office of Energy (SFOE) discusses the results of a preliminary study on energy and greenhouse-gas optimised building renovation. The proposals are based on the building standards proposed under the '2000-Watt Society' and 'One-Tonne CO{sub 2} Society' proposals. Comparisons are made with Swiss official building standards as well as Swiss and international standards for zero-energy and passive housing. These standards and requirements are discussed in detail and examples of buildings built to meet them are described. Building standards based on sustainability standards are also discussed and compared. The methodology to be used with respect to single-family homes and apartment blocks is discussed. Finally, knowledge gaps are identified and appropriate literature is listed.

  4. ---Stock Market Devpt in Ethiopia

    African Journals Online (AJOL)

    Jetu_E_Ch

    The term stock can be defined as “the capital or principal fund raised by a corporation .... 20 Tiruneh Legesse (2012), “Establishing Financial Markets in Ethiopia: the .... improve accounting and auditing standards, provide effective tools for.

  5. Based on BP Neural Network Stock Prediction

    Science.gov (United States)

    Liu, Xiangwei; Ma, Xin

    2012-01-01

    The stock market has a high profit and high risk features, on the stock market analysis and prediction research has been paid attention to by people. Stock price trend is a complex nonlinear function, so the price has certain predictability. This article mainly with improved BP neural network (BPNN) to set up the stock market prediction model, and…

  6. Energy management systems in buildings

    Energy Technology Data Exchange (ETDEWEB)

    Lush, D. M.

    1979-07-01

    An investigation is made of the range of possibilities available from three types of systems (automatic control devices, building envelope, and the occupants) in buildings. The following subjects are discussed: general (buildings, design and personnel); new buildings (envelope, designers, energy and load calculations, plant design, general design parameters); existing buildings (conservation measures, general energy management, air conditioned buildings, industrial buildings); man and motivation (general, energy management and documentation, maintenance, motivation); automatic energy management systems (thermostatic controls, optimized plant start up, air conditioned and industrial buildings, building automatic systems). (MCW)

  7. 12 CFR 931.2 - Issuance of capital stock.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Issuance of capital stock. 931.2 Section 931.2 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL... transaction, a Bank may distribute any portion of its then-existing unrestricted retained earnings as shares...

  8. Building America Case Study: Retrofitting a 1960s Split-Level, Cold-Climate Home, Westport, Connecticut; Whole-House Solutions for Existing Homes, Energy Efficiency & Renewable Energy (EERE)

    Energy Technology Data Exchange (ETDEWEB)

    None

    2015-08-01

    ??National programs such as Home Performance with ENERGY STAR(R) and numerous other utility air sealing programs have brought awareness to homeowners of the benefits of energy efficiency retrofits. Yet, these programs tend to focus on the low-hanging fruit: air-sealing the thermal envelope and ductwork where accessible, switch to efficient lighting, and low-flow fixtures. At the other end of the spectrum, deep-energy retrofit programs are also being encouraged by various utilities across the country. While deep energy retrofits typically seek 50% energy savings, they are often quite costly and most applicable to gut-rehab projects. A significant potential for lowering energy usage in existing homes lies between the low hanging fruit and deep energy retrofit approaches - retrofits that save approximately 30% in energy over the existing conditions. A key is to be non-intrusive with the efficiency measures so the retrofit projects can be accomplished in occupied homes. This cold climate retrofit project involved the design and optimization of a home in Connecticut that sought to improve energy savings by at least 30% (excluding solar PV) over the existing home's performance. This report documents the successful implementation of a cost-effective solution package that achieved performance greater than 30% over the pre-retrofit - what worked, what did not, and what improvements could be made. Confirmation of successfully achieving 30% source energy savings over the pre-existing conditions was confirmed through energy modeling and comparison of the utility bills pre- and post- retrofit.

  9. Persistent collective trend in stock markets

    Science.gov (United States)

    Balogh, Emeric; Simonsen, Ingve; Nagy, Bálint Zs.; Néda, Zoltán

    2010-12-01

    Empirical evidence is given for a significant difference in the collective trend of the share prices during the stock index rising and falling periods. Data on the Dow Jones Industrial Average and its stock components are studied between 1991 and 2008. Pearson-type correlations are computed between the stocks and averaged over stock pairs and time. The results indicate a general trend: whenever the stock index is falling the stock prices are changing in a more correlated manner than in case the stock index is ascending. A thorough statistical analysis of the data shows that the observed difference is significant, suggesting a constant fear factor among stockholders.

  10. Development of a plastic rotary heat exchanger for room-based ventilation in existing apartments

    DEFF Research Database (Denmark)

    Smith, Kevin Michael; Svendsen, Svend

    2015-01-01

    The existing building stock will likely undergo widespread energy renovations to meet future emissions targets. Single-room ventilation may enable the process due to its simple installation, low fan power, and potential for local heat recovery. A short plastic rotary heat exchanger is developed...... for single-room ventilation based on thermal design theory. Performance is predicted from correlations of dimensionless groups for regenerative heat exchangers, and this guides the selection of a polycarbonate honeycomb with small circular channels. Experiments quantify flows and determine temperature...... efficiencies at several ventilation rates while accounting for heat gains from motors and air leakage. The measured and modelled temperature efficiencies show adequate agreement and exceed 80% for a balanced nominal ventilation rate of 28m3/h. This result meets the development criteria but cannot validate...

  11. Relationship Among Political Instability, Stock Market Returns and Stock Market Volatility

    Directory of Open Access Journals (Sweden)

    Irshad Hira

    2017-08-01

    Full Text Available This study investigated the relationship of political instability with the stock prices. Results of the study indicated the negative relationship of stock prices with political instability. Moreover, results of suggested that instable political system ultimately leads decline in stock prices. Inflation has shown negative relationship with stock prices whereas, industrial production and Exports have positive relationship with stock prices.

  12. Relationship Among Political Instability, Stock Market Returns and Stock Market Volatility

    OpenAIRE

    Irshad Hira

    2017-01-01

    This study investigated the relationship of political instability with the stock prices. Results of the study indicated the negative relationship of stock prices with political instability. Moreover, results of suggested that instable political system ultimately leads decline in stock prices. Inflation has shown negative relationship with stock prices whereas, industrial production and Exports have positive relationship with stock prices.

  13. Pattern-set generation algorithm for the one-dimensional multiple stock sizes cutting stock problem

    Science.gov (United States)

    Cui, Yaodong; Cui, Yi-Ping; Zhao, Zhigang

    2015-09-01

    A pattern-set generation algorithm (PSG) for the one-dimensional multiple stock sizes cutting stock problem (1DMSSCSP) is presented. The solution process contains two stages. In the first stage, the PSG solves the residual problems repeatedly to generate the patterns in the pattern set, where each residual problem is solved by the column-generation approach, and each pattern is generated by solving a single large object placement problem. In the second stage, the integer linear programming model of the 1DMSSCSP is solved using a commercial solver, where only the patterns in the pattern set are considered. The computational results of benchmark instances indicate that the PSG outperforms existing heuristic algorithms and rivals the exact algorithm in solution quality.

  14. Stock-outs of essential health products in Mozambique-longitudinal analyses from 2011 to 2013

    Science.gov (United States)

    Wagenaar, Bradley H.; Gimbel, Sarah; Hoek, Roxanne; Pfeiffer, James; Michel, Cathy; Manuel, João Luis; Cuembelo, Fatima; Quembo, Titos; Afonso, Pires; Gloyd, Stephen; Sherr, Kenneth

    2015-01-01

    objectives To assess the relationship between health system factors and facility-level EHP stock-outs in Mozambique. methods Service provisions were assessed in 26 health facilities and 13 district warehouses in Sofala Province, Mozambique, from July to August in 2011–2013. Generalised estimating equations were used to model factors associated with facility-level availability of essential drugs, supplies and equipment. results Stock-out rates for drugs ranged from 1.3% for oral rehydration solution to 20.5% for Depo-Provera and condoms, with a mean stock-out rate of 9.1%; mean stock-out rates were 15.4% for supplies and 4.1% for equipment. Stock-outs at the district level accounted for 27.1% (29/107) of facility-level drug stock-outs and 44.0% (37/84) of supply stock-outs. Each 10-km increase in the distance from district distribution warehouses was associated with a 31% (CI: 22–42%), 28% (CI: 17–40%) or 27% (CI: 7–50%) increase in rates of drug, supply or equipment stock-outs, respectively. The number of heath facility staff was consistently negatively associated with the occurrence of stock-outs. conclusions Facility-level stock-outs of EHPs in Mozambique are common and appear to disproportionately affect those living far from district capitals and near facilities with few health staff. The majority of facility-level EHP stock-outs in Mozambique occur when stock exists at the district distribution centre. Innovative methods are urgently needed to improve EHP supply chains, requesting and ordering of drugs, facility and district communication, and forecasting of future EHP needs in Mozambique. Increased investments in public-sector human resources for health could potentially decrease the occurrence of EHP stock-outs. PMID:24724617

  15. Focus on Energy Security. Costs, Benefits and Financing of Holding Emergency Oil Stocks

    Energy Technology Data Exchange (ETDEWEB)

    Stelter, Jan; Nishida, Yuichiro

    2013-07-01

    Oil is traded in a market where uncertainty, price volatility, and sudden supply disruptions are common characteristics. Natural disasters, political disagreements and wars can seriously disrupt oil supply and demand with consequent detrimental impacts on economic activity. One particularly powerful policy tool that IEA member countries have to respond to such disruptions is the release of emergency oil stocks. In its 40 year history, the IEA released stocks on three occasions to reduce the supply disruptions and the associated economic damage. This paper provides a general guide to the existing emergency stockholding system for those countries who are considering the introduction of new stockholding systems or changes to their existing emergency stocks. It draws together analysis of the costs and benefits of emergency stocks, in addition to exploring options for financing the establishment of stocks.

  16. The Phenomenon of Bearish and Bullish in The Indonesian Stock Exchange

    Directory of Open Access Journals (Sweden)

    Berto Usman

    2016-09-01

    Full Text Available The Phenomenon of Bearish and Bullish in The Indonesian Stock ExchangeBearish and bullish pattern commonly exist in any of stock exchanges all over the world. Hereby, the volatility of price on specific stock and index will generally perform a typical co-movement. This study is officially intended to reveal the existence of bearish and bullish phenomenon in Indonesia stock exchange. The technical tool used in this study was known as candlestick analysis. It is utilized to discover the inclination of price movement and the percentage of bearish and bullish shown by the index. Further, it is noted that the object of this study is Indonesia stock exchange, which is surrogated by IDX Composite (IHSG. This research finally proved that there were 61 bearish (38.85% and 96 time bulish (61.15% patterns in IDX Composite (IHSG.DOI: 10.15408/ess.v6i2.3750

  17. Bank stock returns, leverage and the business cycle

    OpenAIRE

    Jing Yang; Kostas Tsatsaronis

    2012-01-01

    The returns on bank stocks rise and fall with the business cycle, making bank equity financing cheaper in the boom and dearer during a recession. This provides support for prudential tools that give incentives for banks to build capital buffers at times when the cost of equity is lower. In addition, banks with higher leverage face a higher cost of equity, which suggests that higher capital ratios are associated with lower funding costs.

  18. Asset Stock Accumulation and Sustainability of Competitive Advantage

    OpenAIRE

    Ingemar Dierickx; Karel Cool

    1989-01-01

    Given incomplete factor markets, appropriate time paths of flow variables must be chosen to build required stocks of assets. That is, critical resources are accumulated rather than acquired in "strategic factor markets" (Barney [Barney, J. 1986. Strategic factor markets: Expectations, luck, and business strategy. Management Sci. (October) 1231--1241.]). Sustainability of a firm's asset position hinges on how easily assets can be substituted or imitated. Imitability is linked to the characteri...

  19. Classifying Returns as Extreme: European Stock and Bond Markets

    DEFF Research Database (Denmark)

    Christiansen, Charlotte

    whereby a shorter sample period is needed. For the bond markets the simultaneous extreme return variable (used for analyzing integration and contagion of financial markets) is not statistically different for the two schemes. For the stock markets there are differences, but they are disappearing......I consider the stock and bond markets of 14 EU countries. I use two classification schemes for defining extreme returns: One, the existing univariate classification scheme which considers each market separately. Two, the new multivariate classification scheme that considers all the markets jointly...

  20. Model of Risk Forewarn and Investment Decision in Stock Markets and Its Realization

    Institute of Scientific and Technical Information of China (English)

    ZOU Hui-wen; TANG Bing-yong; WANG Li-ping; XU Guang-wei

    2004-01-01

    Based on the discussion of characteristic and mechanism of the stock prices volatility in Chinese emerging stock markets, this research designs an index system for risk forewarn, and builds up an investment decision model based on the forewarn of the market risk signal. Then, on probing into the structure and function of the realization of the model, the paper presents the method of data interface.

  1. Multiscale Detrended Cross-Correlation Analysis of STOCK Markets

    Science.gov (United States)

    Yin, Yi; Shang, Pengjian

    2014-06-01

    In this paper, we employ the detrended cross-correlation analysis (DCCA) to investigate the cross-correlations between different stock markets. We report the results of cross-correlated behaviors in US, Chinese and European stock markets in period 1997-2012 by using DCCA method. The DCCA shows the cross-correlated behaviors of intra-regional and inter-regional stock markets in the short and long term which display the similarities and differences of cross-correlated behaviors simply and roughly and the persistence of cross-correlated behaviors of fluctuations. Then, because of the limitation and inapplicability of DCCA method, we propose multiscale detrended cross-correlation analysis (MSDCCA) method to avoid "a priori" selecting the ranges of scales over which two coefficients of the classical DCCA method are identified, and employ MSDCCA to reanalyze these cross-correlations to exhibit some important details such as the existence and position of minimum, maximum and bimodal distribution which are lost if the scale structure is described by two coefficients only and essential differences and similarities in the scale structures of cross-correlation of intra-regional and inter-regional markets. More statistical characteristics of cross-correlation obtained by MSDCCA method help us to understand how two different stock markets influence each other and to analyze the influence from thus two inter-regional markets on the cross-correlation in detail, thus we get a richer and more detailed knowledge of the complex evolutions of dynamics of the cross-correlations between stock markets. The application of MSDCCA is important to promote our understanding of the internal mechanisms and structures of financial markets and helps to forecast the stock indices based on our current results demonstrated the cross-correlations between stock indices. We also discuss the MSDCCA methods of secant rolling window with different sizes and, lastly, provide some relevant implications and

  2. Flight to Liquidity on the Tokyo Stock Exchange during the 2008 Share Market Crashes

    OpenAIRE

    Maeda, Brooke Alexandra

    2015-01-01

    This paper explores the existence of the flight-to-liquidity phenomenon for shares which are traded on the Tokyo Stock Exchange during share market crashes. Using data from the First section of the Tokyo Stock Exchange, the existence of a flight-to-liquidity during the 2008 share market crashes is clearly documented. The Tokyo Stock Exchange differs from other major exchanges as price limit rules restrict the daily price movements of shares. It provides a unique setting to test if a flight-to...

  3. Effective transfer entropy approach to information flow between exchange rates and stock markets

    International Nuclear Information System (INIS)

    Sensoy, Ahmet; Sobaci, Cihat; Sensoy, Sadri; Alali, Fatih

    2014-01-01

    We investigate the strength and direction of information flow between exchange rates and stock prices in several emerging countries by the novel concept of effective transfer entropy (an alternative non-linear causality measure) with symbolic encoding methodology. Analysis shows that before the 2008 crisis, only low level interaction exists between these two variables and exchange rates dominate stock prices in general. During crisis, strong bidirectional interaction arises. In the post-crisis period, the strong interaction continues to exist and in general stock prices dominate exchange rates

  4. GENERAL METHOD OF STOCKS AUDIT

    Directory of Open Access Journals (Sweden)

    Iryna Galushchak

    2017-03-01

    Full Text Available The article deals with the organization and methodology of accounting and auditing inventory enterprises. Suggestions for improvement of accounting permit to raise processing and presenting economic information to a higher level for making the economic and management decisions. Theory and practice problems of stocks audit were investigated. The basic directions of improvement of  stock audit were defined. The auditor can form an opinion about the state of business transactions of accounting of goods, define shortcomings in its organization and possible directions of elimination of violations and abuses. Program of audit of operations accounting with stocks should include the investigation of the preservation of property, valuation and posting costs, correct evaluation of purchased tangible assets, using of stocks in production. It is worth  to use techniques and methods of verification such as inventory, comparative control,  comparison of documentary evidence, counter check, check arithmetic for  audit of goods. Keywords: audit, stocks, activities of the company.

  5. A Comprehensive Model of Municipal Housing Stock Management

    Directory of Open Access Journals (Sweden)

    Muczyński Andrzej

    2016-06-01

    Full Text Available In many European countries there are still substantial housing needs which social landlords have to fulfill. Especially in countries with a shortage of affordable housing for underprivileged households, the effective and efficient management of the existing social housing stock, which includes technical, social, financial and tenure management activities on the strategic, tactical and operational level, is very important. The paper presents a comprehensive model of municipal housing stock management in the context of Polish conditions. This model was built by adapting the multidimensional concept of real estate management originally developed for commercial real estate portfolio management. It shows an integrative view of municipal housing stock management in Poland and contributes to the better organization and coordination of management activities and tasks in this area. The prepared model may be of interest to other countries where the functions of social landlords are mostly carried out directly by municipalities and their organizational units.

  6. FY 1977 Annual report on Sunshine Project results. Research and development of solar energy systems for air conditioning and hot water supply (Research and development of solar systems for existing residential buildings); 1977 nendo taiyo reidanbo oyobi kyuto system no kenkyu kaihatsu seika hokokusho. Kison kojin jutakuyo system no kenkyu kaihatsu

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1978-05-31

    As part of the research and development of the solar energy systems for air conditioning and hot water supply for existing residential buildings, the following efforts are made: (1) system analysis, (2) studies on devices and materials, and (3) installation and operation of the facilities in test buildings, and collection of the data. For the item (1), the sensible heat type heat-accumulating tank is replaced by the latent heat type to reduce heat losses and auxiliary power requirements by improving heat-accumulating tank efficiency and revising the control procedure. For the item (2), the devices installed in the test buildings are tested to improve their performance and reliability, in which, e.g., results of operation, under commercial conditions, of the Rankine cycle refrigerator installed in the test building are taken into consideration. The empirical correlation {eta} 0.66 - 1.7{delta}T/I is obtained for instantaneous heat-collecting efficiency of a vacuum collector, made on a trial basis. Its heat loss is sufficiently small, which is in agreement with the results of the nighttime heat release tests. For the latent heat type heat-accumulating tank, stability of the materials therefor are investigated. For the Rankine cycle refrigerator, development of its parts is continued. For the item (3), the facilities are tested for around 7 months, and problems involved in each device are clarified. (NEDO)

  7. Stock and option portfolio using fuzzy logic approach

    Science.gov (United States)

    Sumarti, Novriana; Wahyudi, Nanang

    2014-03-01

    Fuzzy Logic in decision-making process has been widely implemented in various problems in industries. It is the theory of imprecision and uncertainty that was not based on probability theory. Fuzzy Logic adds values of degree between absolute true and absolute false. It starts with and builds on a set of human language rules supplied by the user. The fuzzy systems convert these rules to their mathematical equivalents. This could simplify the job of the system designer and the computer, and results in much more accurate representations of the way systems behave in the real world. In this paper we examine the decision making process of stock and option trading by the usage of MACD (Moving Average Convergence Divergence) technical analysis and Option Pricing with Fuzzy Logic approach. MACD technical analysis is for the prediction of the trends of underlying stock prices, such as bearish (going downward), bullish (going upward), and sideways. By using Fuzzy C-Means technique and Mamdani Fuzzy Inference System, we define the decision output where the value of MACD is high then decision is "Strong Sell", and the value of MACD is Low then the decision is "Strong Buy". We also implement the fuzzification of the Black-Scholes option-pricing formula. The stock and options methods are implemented on a portfolio of one stock and its options. Even though the values of input data, such as interest rates, stock price and its volatility, cannot be obtain accurately, these fuzzy methods can give a belief degree of the calculated the Black-Scholes formula so we can make the decision on option trading. The results show the good capability of the methods in the prediction of stock price trends. The performance of the simulated portfolio for a particular period of time also shows good return.

  8. Outlook of the world steel cycle based on the stock and flow dynamics.

    Science.gov (United States)

    Hatayama, Hiroki; Daigo, Ichiro; Matsuno, Yasunari; Adachi, Yoshihiro

    2010-08-15

    We present a comprehensive analysis of steel use in the future compiled using dynamic material flow analysis (MFA). A dynamic MFA for 42 countries depicted the global in-use stock and flow up to the end of 2005. On the basis of the transition of steel stock for 2005, the growth of future steel stock was then estimated considering the economic growth for every country. Future steel demand was estimated using dynamic analysis under the new concept of "stocks drive flows". The significant results follow. World steel stock reached 12.7 billion t in 2005, and has doubled in the last 25 years. The world stock in 2005 mainly consisted of construction (60%) and vehicles (10%). Stock in these end uses will reach 55 billion t in 2050, driven by a 10-fold increase in Asia. Steel demand will reach 1.8 billion t in 2025, then slightly decrease, and rise again by replacement of buildings. The forecast of demand clearly represents the industrial shift; at first the increase is dominated by construction, and then, after 2025, demand for construction decreases and demand for vehicles increases instead. This study thus provides the dynamic mechanism of steel stock and flow toward the future, which contributes to the design of sustainable steel use.

  9. Fiscal Deficits and Stock Prices in India: Empirical Evidence

    Directory of Open Access Journals (Sweden)

    Pooja Joshi

    2015-08-01

    Full Text Available The study aims at examining how fiscal deficits affect the performance of the stock market in India by using annual data from 1988–2012. The study makes use of Ng-Perron unit root tests to check the non-stationarity property of the series; the Auto Regressive Distributed Lag (ARDL bounds test and a Vector Error Correction Model (VECM for testing both short and long run dynamic relationships. The variance decomposition (VDC is used to predict the exogenous shocks of the variables. The findings of the bounds test reveal that the estimated equation and the series are co-integrated. The ARDL results suggest a long run negative relationship exists between budget deficit and stock prices and do not show any significant relationship in the short run. The VECM result shows that fiscal deficits influence the stock price only in the short run. The results of the Variance Decomposition show that stock price movement in the long run is mostly explained by shocks of fiscal deficits. The study implies that the government must adopt appropriate macroeconomic policies to reduce budget deficit, which will result in stock market growth and in turn will lead to the financial development of the country.

  10. The Impulsive Stock Market of Bangladesh and the Great Recession

    Directory of Open Access Journals (Sweden)

    Saif Hossain

    2013-07-01

    Full Text Available The paper investigates whether the stock market of Bangladesh can be related with the last world recession. The Pearson’s correlation analysis model was used to find the correlation between the Dhaka Stock Exchange General index and real GDP growth rate of the world. The findings show that no statistically significant correlation exists between the two variables inferring that the stock market of Bangladesh was not significantly affected by ‘the great recession’ (2007-2009. The findings of this study are inconsistent with the results of previous studies which claimed that the Bangladesh stock market shares a common stochastic trend with the capital market of USA. The results of this study may be explained mainly by domestic factors such as low market capitalization, market inefficiency, strict monitoring and control by the Security and Exchange Commission and low international participation in the stock market of Bangladesh. All these factors, along with the inconsistency with past results, instigate further investigation.

  11. Price Earnings Ratio and Stock Return Analysis (Evidence from Liquidity 45 Stocks Listed in Indonesia Stock Exchange

    Directory of Open Access Journals (Sweden)

    Liem Pei Fun

    2012-01-01

    Full Text Available Price to Earnings Ratio (PE Ratio has been broadly used by analysts and investors for stock selection. Stocks with low PE ratio are perceived as having cheaper current price hence expected to generate higher return in subsequent period. This paper aims to examine predictability of stock return using PE Ratio based on historical relationship between PE Ratio and subsequent stock return. Particularly, it seeks to find whether stocks with high PE Ratio followed by low stocks return and on the contrary, stocks with low PE Ratio followed by high stocks return. Using stocks which are included as member of Liquidity 45 and observation period 2005-2010 as samples, results show that there is significance difference between low PE and high PE portfolio stock return in short term (holding period of 6 months but there is no significance difference between both portfolio stock return if they are hold for one, two, three, and four years. This research also finds that there is no significant relationship between stock return and (trailing PE Ratio which suggests that (trailing PE Ratio is not useful in estimating both short term and long term stock returns

  12. MODELING OF THE TRACK AND ROLLING STOCK INTERACTION

    Directory of Open Access Journals (Sweden)

    N. V. Khalipova

    2013-09-01

    Full Text Available Purpose. Interaction of system’s elements of "carriage–track" modelling requires consideration of various criteria, it also requires analysis of many uncertainty and randomness factors’ influence on the basic parameters to ensure optimal or rational parameters of the system. The researching of interactions’ process requires new theoretical approaches to formulation of objectives, based on a generalization of existing modeling approaches. The purpose of this work is development of interaction models between track and rolling stock based on multiple structures of objects. Methodology. Dedicated and formed the main evaluation criteria of dynamic interaction between track and rolling stock optimization - quality assurance and safety of transportation process, improving of their efficiency and reducing of prime cost’s. Based on vector optimization methods, proposed model of rolling stock and track’s elements interaction. For the synthesis of the model used mathematical machine of multiple objects structures. Findings. Generalized approaches to modeling in the interaction of rolling stock and track for different structural elements of the system under different exploitation conditions. This theoretical approach demonstrated on the examples of modeling of passenger and freight cars with track under different exploitation conditions. Originality. Proposed theoretical approach to the problem of track and rolling stock interaction, based on a synthesis of existing models by using of multiple objects structures. Practical value. Using of proposed model allows to structure key data and rational parameters of rolling stock and track interaction’s modeling and to formulate optimal and rational parameters of the system, to determine the effective exploitation parameters and measurement system for rational use of infrastructure.

  13. Stock Splits and Liquidity for Two Major Capital Markets from Central–Eastern Europe

    Directory of Open Access Journals (Sweden)

    Józef Rudnicki

    2012-12-01

    Full Text Available In the stock market there occur some events that contradict the efficient market hypothesis therefore they are called anomalies. One of the mysterious corporate events which has attracted the attention of numerous researchers is a stock split. I perform the review of implications of splitting the stock for market liquidity of companies listed on the Warsaw Stock Exchange and the Vienna Stock Exchange. I use event study, in particular Market model method and Market adjusted return method, to inspect the behavior of abnormal changes in daily trading volume for stock splits performed between 2000 through 2011 over a short run and assuming a longer time interval. Moreover, I juxtapose the results for both stock exchanges to examine whether the stock split phenomenon for two major capital markets from this part of Europe can be better explained by means of existing theories on stock splits. The research is aimed at analyzing the implications of the split for market liquidity, i.e. whether there occurs an immediate effect following the split as well as whether this corporate event improves the level of market liquidity over long run. Furthermore, the goal of the paper is to investigate whether the investors can cash in on the stock split, more specifically, whether they can profit from lower transaction costs. I document a significant growth in the market liquidity of stock splitting firms over 36 months following the split for both capital markets what is indicative of lower transaction costs for investors. The 1–percent significant results are consistent with the liquidity hypothesis on stock splits.

  14. Spatial variability of soil carbon stock in the Urucu river basin, Central Amazon-Brazil.

    Science.gov (United States)

    Ceddia, Marcos Bacis; Villela, André Luis Oliveira; Pinheiro, Érika Flávia Machado; Wendroth, Ole

    2015-09-01

    The Amazon Forest plays a major role in C sequestration and release. However, few regional estimates of soil organic carbon (SOC) stock in this ecoregion exist. One of the barriers to improve SOC estimates is the lack of recent soil data at high spatial resolution, which hampers the application of new methods for mapping SOC stock. The aims of this work were: (i) to quantify SOC stock under undisturbed vegetation for the 0-30 and the 0-100 cm under Amazon Forest; (ii) to correlate the SOC stock with soil mapping units and relief attributes and (iii) to evaluate three geostatistical techniques to generate maps of SOC stock (ordinary, isotopic and heterotopic cokriging). The study site is located in the Central region of Amazon State, Brazil. The soil survey covered the study site that has an area of 80 km(2) and resulted in a 1:10,000 soil map. It consisted of 315 field observations (96 complete soil profiles and 219 boreholes). SOC stock was calculated by summing C stocks by horizon, determined as a product of BD, SOC and the horizon thickness. For each one of the 315 soil observations, relief attributes were derived from a topographic map to understand SOC dynamics. The SOC stocks across 30 and 100 cm soil depth were 3.28 and 7.32 kg C m(-2), respectively, which is, 34 and 16%, lower than other studies. The SOC stock is higher in soils developed in relief forms exhibiting well-drained soils, which are covered by Upland Dense Tropical Rainforest. Only SOC stock in the upper 100 cm exhibited spatial dependence allowing the generation of spatial variability maps based on spatial (co)-regionalization. The CTI was inversely correlated with SOC stock and was the only auxiliary variable feasible to be used in cokriging interpolation. The heterotopic cokriging presented the best performance for mapping SOC stock. Copyright © 2015 Elsevier B.V. All rights reserved.

  15. Are Vietnam and Chinese stock markets out of the US contagion effect in extreme events?

    Science.gov (United States)

    Nguyen, Cuong; Ishaq Bhatti, M.; Henry, Darren

    2017-08-01

    This paper employs Chi-plots, Kendall (K)-plots and three different copula functions to empirically examine the tail dependence between the US stock market and stock markets in Vietnam and China in order to test contagion effects pre- and post- the US subprime mortgage crisis. The results based on data between 2003 and 2011 indicate the presence of left tail dependence before and after the crisis suggesting no change in dependence structure, but there exists stronger left tail dependence between the US and Vietnam stock markets. It is observed that the US and Vietnam stock markets are more prone to crashing than booming together. For the Chinese market, the US and Shanghai stock markets exhibit left tail dependence before the crisis, but no evidence of post-crisis tail dependency. On the contrary, the Shenzhen stock market is independent of the US market before and after the crisis which implies that an extreme event in the US market is less likely to influence the Shenzhen stock market. This suggests that there is significant potential for risk diversification by investing in the Shenzhen market by US investors after the financial crisis. These results have not been documented in the existing literature and provide a new insight into risk diversification between the two important Asian emerging stock markets.

  16. The Effect of Macroeconomic Factors on Stock Prices of Swiss Real Estate Companies

    Directory of Open Access Journals (Sweden)

    Marie Ligocká

    2016-01-01

    Full Text Available Stock values of companies listed on stock exchanges could be influenced by many factors. The aim of this article is to examine existence and character of relationship between stock prices of selected Swiss real estate companies and macroeconomic fundamentals (GDP, interest rate, price level. The existence of long-run equilibrium relationship between stock prices and macroeconomic fundamentals is tested with the Johansen cointegration. The short run dynamics between the variables is examined by Vector Error Correction modelling and the Granger causality test. During the period 2005 – 2014 we revealed a long‑run equilibrium for five of the six analyzed stocks. We also confirmed that macroeconomic variables and the interest rate in particular, can explain a long-run behavior of stock prices. By contrast, macroeconomic variables are usually short in explanation of short‑run dynamics of stock prices. However, the results differ substantially among the stocks and, hence, they prevent us from drawing any general conclusion for the entire real estate sector in Switzerland.

  17. Do Earthquakes Shake Stock Markets?

    Science.gov (United States)

    Ferreira, Susana; Karali, Berna

    2015-01-01

    This paper examines how major earthquakes affected the returns and volatility of aggregate stock market indices in thirty-five financial markets over the last twenty years. Results show that global financial markets are resilient to shocks caused by earthquakes even if these are domestic. Our analysis reveals that, in a few instances, some macroeconomic variables and earthquake characteristics (gross domestic product per capita, trade openness, bilateral trade flows, earthquake magnitude, a tsunami indicator, distance to the epicenter, and number of fatalities) mediate the impact of earthquakes on stock market returns, resulting in a zero net effect. However, the influence of these variables is market-specific, indicating no systematic pattern across global capital markets. Results also demonstrate that stock market volatility is unaffected by earthquakes, except for Japan.

  18. Stock price prediction using geometric Brownian motion

    Science.gov (United States)

    Farida Agustini, W.; Restu Affianti, Ika; Putri, Endah RM

    2018-03-01

    Geometric Brownian motion is a mathematical model for predicting the future price of stock. The phase that done before stock price prediction is determine stock expected price formulation and determine the confidence level of 95%. On stock price prediction using geometric Brownian Motion model, the algorithm starts from calculating the value of return, followed by estimating value of volatility and drift, obtain the stock price forecast, calculating the forecast MAPE, calculating the stock expected price and calculating the confidence level of 95%. Based on the research, the output analysis shows that geometric Brownian motion model is the prediction technique with high rate of accuracy. It is proven with forecast MAPE value ≤ 20%.

  19. Radon: the building industry view

    International Nuclear Information System (INIS)

    Farnham, K.G.R.

    1992-01-01

    Guidance on radon preventive measures in new dwellings is covered by the Building Regulations, and adequate guidance has been published by the Building Research Establishment. This is a satisfactory state of affairs which, unfortunately, is not the case for remedial work in existing buildings. Work in existing buildings should be incorporated in Regulations and adequate funding should be provided by government for the training of builders. (Author)

  20. How effective is mandatory building energy disclosure program in Australia?

    Science.gov (United States)

    Kim, S.; Lim, B. T. H.

    2018-04-01

    Mandatory green building regulations are often considered as the most effective tool to promote better energy efficiency and environmental protection. Nevertheless, its effectiveness compared to the voluntary counterpart has not been fully explored yet. In addressing this gap, this study aims to examine the environmental performance of green building stocks affected by the Australian mandatory building energy disclosure program. To this, this study analysed energy savings and carbon reduction efficiencies using the normalisation approach. The result shows that mandatory energy disclosure program did contribute to the reduction in energy usage and carbon emissions from the affected building stocks. More specifically, affected green building stocks showed a good efficiency especially in carbon reductions. The research results inform policymakers the possible improvement required for the mandatory disclosure program to increase the effectiveness towards dealing with the contemporary environmental issues aroused from the building sector, especially in energy savings perspective.

  1. The Dutch sustainable building policy: A model for developing countries?

    Energy Technology Data Exchange (ETDEWEB)

    Melchert, Luciana [Faculty of Architecture and Urbanism, University of Sao Paulo, Rua do Lago, 876, CEP 05508.900, Sao Paulo SP (Brazil)

    2007-02-15

    This article explores the institutionalization of environmental policies in the Dutch building sector and the applicability of the current model to developing countries. First, it analyzes the transition of sustainable building practices in the Netherlands from the 1970s until today, exploring how these were originally embedded in a discourse on 'de-modernization', which attempted to improve the environmental performance of building stocks by means of self-sufficient technologies, whereas nowadays they adopt a framework of 'ecological modernization', with integrative approaches seeking to improve the environmental performance of building stocks through more efficient-rather than self-sufficient-technologies. The study subsequently shows how the current Dutch sustainable building framework has thereby managed to achieve a pragmatic and widely accepted rationale, which can serve to orient the ecological restructuring of building stocks in developing countries. (author)

  2. Buildings Interoperability Landscape

    Energy Technology Data Exchange (ETDEWEB)

    Hardin, Dave [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Stephan, Eric G. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Wang, Weimin [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Corbin, Charles D. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Widergren, Steven E. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States)

    2015-12-31

    Through its Building Technologies Office (BTO), the United States Department of Energy’s Office of Energy Efficiency and Renewable Energy (DOE-EERE) is sponsoring an effort to advance interoperability for the integration of intelligent buildings equipment and automation systems, understanding the importance of integration frameworks and product ecosystems to this cause. This is important to BTO’s mission to enhance energy efficiency and save energy for economic and environmental purposes. For connected buildings ecosystems of products and services from various manufacturers to flourish, the ICT aspects of the equipment need to integrate and operate simply and reliably. Within the concepts of interoperability lie the specification, development, and certification of equipment with standards-based interfaces that connect and work. Beyond this, a healthy community of stakeholders that contribute to and use interoperability work products must be developed. On May 1, 2014, the DOE convened a technical meeting to take stock of the current state of interoperability of connected equipment and systems in buildings. Several insights from that meeting helped facilitate a draft description of the landscape of interoperability for connected buildings, which focuses mainly on small and medium commercial buildings. This document revises the February 2015 landscape document to address reviewer comments, incorporate important insights from the Buildings Interoperability Vision technical meeting, and capture thoughts from that meeting about the topics to be addressed in a buildings interoperability vision. In particular, greater attention is paid to the state of information modeling in buildings and the great potential for near-term benefits in this area from progress and community alignment.

  3. Portfolio theory as a management tool to guide conservation and restoration of multi-stock fish populations

    Science.gov (United States)

    DuFour, Mark R.; May, Cassandra J.; Roseman, Edward F.; Ludsin, Stuart A.; Vandergoot, Christopher S.; Pritt, Jeremy J.; Fraker, Michael E.; Davis, Jeremiah J.; Tyson, Jeffery T.; Miner, Jeffery G.; Marschall, Elizabeth A.; Mayer, Christine M.

    2015-01-01

    Habitat degradation and harvest have upset the natural buffering mechanism (i.e., portfolio effects) of many large-scale multi-stock fisheries by reducing spawning stock diversity that is vital for generating population stability and resilience. The application of portfolio theory offers a means to guide management activities by quantifying the importance of multi-stock dynamics and suggesting conservation and restoration strategies to improve naturally occurring portfolio effects. Our application of portfolio theory to Lake Erie Sander vitreus (walleye), a large population that is supported by riverine and open-lake reef spawning stocks, has shown that portfolio effects generated by annual inter-stock larval fish production are currently suboptimal when compared to potential buffering capacity. Reduced production from riverine stocks has resulted in a single open-lake reef stock dominating larval production, and in turn, high inter-annual recruitment variability during recent years. Our analyses have shown (1) a weak average correlation between annual river and reef larval production (ρ̄ = 0.24), suggesting that a natural buffering capacity exists in the population, and (2) expanded annual production of larvae (potential recruits) from riverine stocks could stabilize the fishery by dampening inter-annual recruitment variation. Ultimately, our results demonstrate how portfolio theory can be used to quantify the importance of spawning stock diversity and guide management on ecologically relevant scales (i.e., spawning stocks) leading to greater stability and resilience of multi-stock populations and fisheries.

  4. Market Efficiency Analysis at the Stockholm Stock Exchange: Measuring Intraday Stock Price Performance around Interim Reports of the OMXS30 Large Cap Stocks - An Event Study Approach

    OpenAIRE

    Tames Blanco, Juan Marcelo; Nsiah, Samuel Osei

    2010-01-01

    The purpose of this thesis is to perform event studies that determine the level of efficiency of twenty-two large cap stocks from the OMXS30 Index. Under the event study methodology, analysts’ expectations, the standard Capital Asset Pricing Model and a set of parametric tests are implemented. As a result, significant evidence is found on the existence of intraday abnormal returns at the exact moment of an interim report publication. However, further evidence on market corrections state effic...

  5. Commissioning for Humidified Buildings

    National Research Council Canada - National Science Library

    Deal, Brian

    1998-01-01

    .... Although proper commissioning procedures have been noted to reduce the potential for approximately 70 percent of these claims, no standards exist for the control of moisture migration in building...

  6. Studying the Relationship between Economic Massive Changes with Earnings Management of Listed Companies in Tehran Stock Exchange

    OpenAIRE

    RAHMANİ SERYASAT, Hamid; PİRAYESH, Reza; NOORALİDOKHT, Hamid

    2015-01-01

    Abstract. This study investigates the relationship between earnings management and profitability of companies listed in Tehran stock exchange and its purpose is to examine the existence of earnings management phenomenon of listed companies in Tehran stock exchange. One of the executives' main objectives about earning management is creation a more stable flow, in order to support higher earning payments. More stable earnings flow can be perceived as a lower risk that leads to higher stock pric...

  7. Stock Market Expectations of Dutch Households.

    Science.gov (United States)

    Hurd, Michael; van Rooij, Maarten; Winter, Joachim

    2011-04-01

    Despite its importance for the analysis of life-cycle behavior and, in particular, retirement planning, stock ownership by private households is poorly understood. Among other approaches to investigate this puzzle, recent research has started to elicit private households' expectations of stock market returns. This paper reports findings from a study that collected data over a two-year period both on households' stock market expectations (subjective probabilities of gains or losses) and on whether they own stocks. We document substantial heterogeneity in financial market expectations. Expectations are correlated with stock ownership. Over the two years of our data, stock market prices increased, and expectations of future stock market price changes also increased, lending support to the view that expectations are influenced by recent stock gains or losses.

  8. THE INFLUENCE OF DIFFERENT STOCKING DENSITIES AND ...

    African Journals Online (AJOL)

    Helet Lambrechts

    stocking densities will have a possible inhibitory effect on the establishment of ... Keywords: Ostriches, stocking density, male:female ratio, reproductive performance .... Eggs were stored upright with the air cell in the uppermost position.

  9. Spatial variability of soil carbon stock in the Urucu river basin, Central Amazon-Brazil

    Energy Technology Data Exchange (ETDEWEB)

    Ceddia, Marcos Bacis, E-mail: marcosceddia@gmail.com [Department of Soil, Institute of Agronomy, Universidade Federal Rural do Rio de Janeiro (UFRRJ), Seropédica, RJ 23890-000 (Brazil); Villela, André Luis Oliveira [Colégio Técnico da UFRRJ, RJ, Seropédica 23890-000 (Brazil); Pinheiro, Érika Flávia Machado [Department of Soil, Institute of Agronomy, Universidade Federal Rural do Rio de Janeiro (UFRRJ), Seropédica, RJ 23890-000 (Brazil); Wendroth, Ole [Department of Plant & Soil Sciences, University of Kentucky, College of Agriculture, Lexington, KY (United States)

    2015-09-01

    The Amazon Forest plays a major role in C sequestration and release. However, few regional estimates of soil organic carbon (SOC) stock in this ecoregion exist. One of the barriers to improve SOC estimates is the lack of recent soil data at high spatial resolution, which hampers the application of new methods for mapping SOC stock. The aims of this work were: (i) to quantify SOC stock under undisturbed vegetation for the 0–30 and the 0–100 cm under Amazon Forest; (ii) to correlate the SOC stock with soil mapping units and relief attributes and (iii) to evaluate three geostatistical techniques to generate maps of SOC stock (ordinary, isotopic and heterotopic cokriging). The study site is located in the Central region of Amazon State, Brazil. The soil survey covered the study site that has an area of 80 km{sup 2} and resulted in a 1:10,000 soil map. It consisted of 315 field observations (96 complete soil profiles and 219 boreholes). SOC stock was calculated by summing C stocks by horizon, determined as a product of BD, SOC and the horizon thickness. For each one of the 315 soil observations, relief attributes were derived from a topographic map to understand SOC dynamics. The SOC stocks across 30 and 100 cm soil depth were 3.28 and 7.32 kg C m{sup −2}, respectively, which is, 34 and 16%, lower than other studies. The SOC stock is higher in soils developed in relief forms exhibiting well-drained soils, which are covered by Upland Dense Tropical Rainforest. Only SOC stock in the upper 100 cm exhibited spatial dependence allowing the generation of spatial variability maps based on spatial (co)-regionalization. The CTI was inversely correlated with SOC stock and was the only auxiliary variable feasible to be used in cokriging interpolation. The heterotopic cokriging presented the best performance for mapping SOC stock. - Highlights: • The SOC stocks across 30 and 100 cm depth were 3.28 and 7.32 kg C m{sup −2}, respectively. • SOC stocks were 34 and 16

  10. Spatial variability of soil carbon stock in the Urucu river basin, Central Amazon-Brazil

    International Nuclear Information System (INIS)

    Ceddia, Marcos Bacis; Villela, André Luis Oliveira; Pinheiro, Érika Flávia Machado; Wendroth, Ole

    2015-01-01

    The Amazon Forest plays a major role in C sequestration and release. However, few regional estimates of soil organic carbon (SOC) stock in this ecoregion exist. One of the barriers to improve SOC estimates is the lack of recent soil data at high spatial resolution, which hampers the application of new methods for mapping SOC stock. The aims of this work were: (i) to quantify SOC stock under undisturbed vegetation for the 0–30 and the 0–100 cm under Amazon Forest; (ii) to correlate the SOC stock with soil mapping units and relief attributes and (iii) to evaluate three geostatistical techniques to generate maps of SOC stock (ordinary, isotopic and heterotopic cokriging). The study site is located in the Central region of Amazon State, Brazil. The soil survey covered the study site that has an area of 80 km 2 and resulted in a 1:10,000 soil map. It consisted of 315 field observations (96 complete soil profiles and 219 boreholes). SOC stock was calculated by summing C stocks by horizon, determined as a product of BD, SOC and the horizon thickness. For each one of the 315 soil observations, relief attributes were derived from a topographic map to understand SOC dynamics. The SOC stocks across 30 and 100 cm soil depth were 3.28 and 7.32 kg C m −2 , respectively, which is, 34 and 16%, lower than other studies. The SOC stock is higher in soils developed in relief forms exhibiting well-drained soils, which are covered by Upland Dense Tropical Rainforest. Only SOC stock in the upper 100 cm exhibited spatial dependence allowing the generation of spatial variability maps based on spatial (co)-regionalization. The CTI was inversely correlated with SOC stock and was the only auxiliary variable feasible to be used in cokriging interpolation. The heterotopic cokriging presented the best performance for mapping SOC stock. - Highlights: • The SOC stocks across 30 and 100 cm depth were 3.28 and 7.32 kg C m −2 , respectively. • SOC stocks were 34 and 16%, respectively

  11. Dynamics and management of stage-structured fish stocks.

    Science.gov (United States)

    Meng, Xinzhu; Lundström, Niklas L P; Bodin, Mats; Brännström, Åke

    2013-01-01

    With increasing fishing pressures having brought several stocks to the brink of collapse, there is a need for developing efficient harvesting methods that account for factors beyond merely yield or profit. We consider the dynamics and management of a stage-structured fish stock. Our work is based on a consumer-resource model which De Roos et al. (in Theor. Popul. Biol. 73, 47-62, 2008) have derived as an approximation of a physiologically-structured counterpart. First, we rigorously prove the existence of steady states in both models, that the models share the same steady states, and that there exists at most one positive steady state. Furthermore, we carry out numerical investigations which suggest that a steady state is globally stable if it is locally stable. Second, we consider multiobjective harvesting strategies which account for yield, profit, and the recovery potential of the fish stock. The recovery potential is a measure of how quickly a fish stock can recover from a major disturbance and serves as an indication of the extinction risk associated with a harvesting strategy. Our analysis reveals that a small reduction in yield or profit allows for a disproportional increase in recovery potential. We also show that there exists a harvesting strategy with yield close to the maximum sustainable yield (MSY) and profit close to that associated with the maximum economic yield (MEY). In offering a good compromise between MSY and MEY, we believe that this harvesting strategy is preferable in most instances. Third, we consider the impact of harvesting on population size structure and analytically determine the most and least harmful harvesting strategies. We conclude that the most harmful harvesting strategy consists of harvesting both adults and juveniles, while harvesting only adults is the least harmful strategy. Finally, we find that a high percentage of juvenile biomass indicates elevated extinction risk and might therefore serve as an early-warning signal of

  12. A meta model-based methodology for an energy savings uncertainty assessment of building retrofitting

    Directory of Open Access Journals (Sweden)

    Caucheteux Antoine

    2016-01-01

    Full Text Available To reduce greenhouse gas emissions, energy retrofitting of building stock presents significant potential for energy savings. In the design stage, energy savings are usually assessed through Building Energy Simulation (BES. The main difficulty is to first assess the energy efficiency of the existing buildings, in other words, to calibrate the model. As calibration is an under determined problem, there is many solutions for building representation in simulation tools. In this paper, a method is proposed to assess not only energy savings but also their uncertainty. Meta models, using experimental designs, are used to identify many acceptable calibrations: sets of parameters that provide the most accurate representation of the building are retained to calculate energy savings. The method was applied on an existing office building modeled with the TRNsys BES. The meta model, using 13 parameters, is built with no more than 105 simulations. The evaluation of the meta model on thousands of new simulations gives a normalized mean bias error between the meta model and BES of <4%. Energy savings are assessed based on six energy savings concepts, which indicate savings of 2–45% with a standard deviation ranging between 1.3% and 2.5%.

  13. Oil risk in oil stocks

    NARCIS (Netherlands)

    Scholtens, Bert; Wang, L

    2008-01-01

    We assess the oil price sensitivities and oil risk premiums of NYSE listed oil & gas firms' returns by using a two-step regression analysis under two different arbitrage pricing models. Thus, we apply the Fama and French (1992) factor returns in a study of oil stocks. In all, we find that the return

  14. Behavioral heterogeneity in stock prices

    NARCIS (Netherlands)

    Boswijk, H.P.; Hommes, C.H.; Manzan, S.

    2007-01-01

    We estimate a dynamic asset pricing model characterized by heterogeneous boundedly rational agents. The fundamental value of the risky asset is publicly available to all agents, but they have different beliefs about the persistence of deviations of stock prices from the fundamental benchmark. An

  15. Solow Residuals Without Capital Stocks

    DEFF Research Database (Denmark)

    Burda, Michael C.; Severgnini, Battista

    2014-01-01

    We use synthetic data generated by a prototypical stochastic growth model to assess the accuracy of the Solow residual (Solow, 1957) as a measure of total factor productivity (TFP) growth when the capital stock in use is measured with error. We propose two alternative measurements based on curren...

  16. Dispositional optimism and stock investments

    NARCIS (Netherlands)

    Angelini, Viola; Cavapozzi, D.

    This paper analyzes the relationship between dispositional optimism and stock investments, controlling for cognitive skills and personality traits such as trust, social interactions and risk aversion. We use data from the Survey of Health, Ageing and Retirement in Europe (SHARE) on investors aged

  17. Stock option repricing in Europe

    NARCIS (Netherlands)

    Sauer, M.; Sautner, Z.

    2008-01-01

    This paper investigates the link between option repricing, firm performance and corporate governance in Europe. Our sample consists of 77 European firms that repriced their stock option between 1987 and 2003. We document that option repricing is mainly a phenomenon for young and fast growing firms

  18. Validating Virtual Safety Stock Effectiveness through Simulation

    Directory of Open Access Journals (Sweden)

    Maria Elena Nenni

    2013-08-01

    safety stock effectiveness through simulation in an inventory system using a base stock policy with periodic reviews and backorders. This approach can be useful for researchers as well as practitioners who want to model the behaviour of an inventory system under uncertain conditions and verify the opportunity for setting up a virtual safety stock on top of, or instead of, the traditional physical safety stock.

  19. Study of structural reliability of existing concrete structures

    Science.gov (United States)

    Druķis, P.; Gaile, L.; Valtere, K.; Pakrastiņš, L.; Goremikins, V.

    2017-10-01

    Structural reliability of buildings has become an important issue after the collapse of a shopping center in Riga 21.11.2013, caused the death of 54 people. The reliability of a building is the practice of designing, constructing, operating, maintaining and removing buildings in ways that ensure maintained health, ward suffered injuries or death due to use of the building. Evaluation and improvement of existing buildings is becoming more and more important. For a large part of existing buildings, the design life has been reached or will be reached in the near future. The structures of these buildings need to be reassessed in order to find out whether the safety requirements are met. The safety requirements provided by the Eurocodes are a starting point for the assessment of safety. However, it would be uneconomical to require all existing buildings and structures to comply fully with these new codes and corresponding safety levels, therefore the assessment of existing buildings differs with each design situation. This case study describes the simple and practical procedure of determination of minimal reliability index β of existing concrete structures designed by different codes than Eurocodes and allows to reassess the actual reliability level of different structural elements of existing buildings under design load.

  20. Facilities improvement for sustainability of existing public office ...

    African Journals Online (AJOL)

    The study examined the building design features of a cosmopolitan public office building in Abuja. The features were classified into Spatial Plan, Structure and Facilities, to determine which of the 3 variables requires urgent sustainable improvement from end-users' perspective in existing public office buildings in developing ...

  1. Stock-market efficiency in thin-trading markets : the case of the Vietnamese stock market

    NARCIS (Netherlands)

    Truong Dong Loc, [No Value; Lanjouw, Ger; Lensink, Robert

    2010-01-01

    This article reviews developments in the Stock Trading Centre (STC) in Ho Chi Minh City, Vietnam, the main stock market in the country, since its start in 2000. It presents information about developments in the number of stocks traded, trading activity and stock-price developments. This article

  2. Stock Market Efficiency in Thin Trading Markets: The Case of the Vietnamese Stock Market

    NARCIS (Netherlands)

    Dong Loc, T.; Lanjouw, G.; Lensink, B.W.

    2010-01-01

    This article reviews developments in the Stock Trading Centre (STC) in Ho Chi Minh City, Vietnam, the main stock market in the country, since its start in 2000. It presents information about developments in the number of stocks traded, trading activity and stock-price developments. This article

  3. Students Invest in the Stock Market

    Science.gov (United States)

    Parker, George O.

    1977-01-01

    How one teacher motivated students to learn about the stock market by allowing them to actually invest money. Class discussion covered inexpensive ways to buy stock, choosing securities, and buying and selling stock. Suggestions are offered for adapting this project for use at the secondary level. (TA)

  4. Stochastic GARCH dynamics describing correlations between stocks

    Science.gov (United States)

    Prat-Ortega, G.; Savel'ev, S. E.

    2014-09-01

    The ARCH and GARCH processes have been successfully used for modelling price dynamics such as stock returns or foreign exchange rates. Analysing the long range correlations between stocks, we propose a model, based on the GARCH process, which is able to describe the main characteristics of the stock price correlations, including the mean, variance, probability density distribution and the noise spectrum.

  5. Maintenance Appointments in Railway Rolling Stock Rescheduling

    NARCIS (Netherlands)

    J.C. Wagenaar (Joris); L.G. Kroon (Leo); M.E. Schmidt (Marie)

    2016-01-01

    textabstractThis paper addresses the Rolling Stock Rescheduling Problem (RSRP), while taking maintenance appointments into account. After a disruption, the rolling stock of the disrupted passenger trains has to be rescheduled in order to restore a feasible rolling stock circulation. Usually, a

  6. On the Design of Artificial Stock Markets

    NARCIS (Netherlands)

    K. Boer-Sorban (Katalin); A. de Bruin (Arie); U. Kaymak (Uzay)

    2005-01-01

    textabstractArtificial stock markets are designed with the aim to study and understand market dynamics by representing (part of) real stock markets. Since there is a large variety of real stock markets with several partially observable elements and hidden processes, artificial markets differ

  7. Are Stock and Corporate Bond Markets Integrated?

    NARCIS (Netherlands)

    van Zundert, J.; Driessen, Joost

    2017-01-01

    This study explores the cross-sectional integration of stock and corporate bond markets by comparing a firm’s expected stock return, as implied by corporate bond spreads, to its realized stock return. We compute expected corporate bond returns by correcting credit spreads for expected losses due to

  8. Stock market dynamics created by interacting agents

    Directory of Open Access Journals (Sweden)

    Mohamed Riad Remita

    2006-01-01

    Full Text Available We study a stock market model, consisting in a large number of agents, going eventually to infinity, and evaluate the stock price under the influence of opinions of different agents. Next we study the behavior of prices when the market is very nervous; there appear discontinuities (phase transitions which can be interpreted as stock market crashes.

  9. Analysis of Naval Ammunition Stock Positioning

    Science.gov (United States)

    2015-12-01

    not manipulated to be in favor of any system based on the assumption that stock positioned closer to demand would result in more favorable delivery...NAVAL POSTGRADUATE SCHOOL MONTEREY, CALIFORNIA MBA PROFESSIONAL REPORT ANALYSIS OF NAVAL AMMUNITION STOCK POSITIONING...professional report 4. TITLE AND SUBTITLE ANALYSIS OF NAVAL AMMUNITION STOCK POSITIONING 5. FUNDING NUMBERS 6. AUTHOR(S) David Sharp and Eric

  10. 12 CFR 725.5 - Capital stock.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Capital stock. 725.5 Section 725.5 Banks and Banking NATIONAL CREDIT UNION ADMINISTRATION REGULATIONS AFFECTING CREDIT UNIONS NATIONAL CREDIT UNION ADMINISTRATION CENTRAL LIQUIDITY FACILITY § 725.5 Capital stock. (a) The capital stock of the Facility is divided...

  11. Stocking chart for upland central hardwoods

    Science.gov (United States)

    Martin E. Dale; Donald E. Hilt

    1989-01-01

    The upland hardwoods stocking chart, introduced by Gingrich in 1967, has become one of the forest manager's most useful tools. The chart allows you to determine the condition of the present stand in relation to a stocking standard. The stocking of a stand is extremely helpful in prescribing various silvicultural treatments such as intermediate thinnings,...

  12. Analysis on the Influence of Stock Index Futures on Chinese Stock Market

    Institute of Scientific and Technical Information of China (English)

    王钊

    2014-01-01

    As the first product of financial futures in China, CSI 300 Stock Index Futures is a symbol of the continual improvement and development of Chinese capital market system. So it would be bound to generate immeasurable influence on Chinese capital market and financial system. Starting from introducing the relevant summaries of stock index futures, this paper analyzes the influence of the stock index futures on the fluctuation in the international stock market;then, it analyzes influence of the stock index futures on the fluctuation in Chinese stock market, in order to propose some suggestions to the policies for developing Chinese stock index futures.

  13. Stock Market Optimism and Cointegration among Stocks: The Case of the Prague Stock Exchange

    Czech Academy of Sciences Publication Activity Database

    Baxa, Jaromír

    2007-01-01

    Roč. 15, č. 4 (2007), s. 5-16 ISSN 0572-3043 R&D Projects: GA ČR GD402/03/H057 Institutional research plan: CEZ:AV0Z10750506 Keywords : stock market * optimism * cointegration Subject RIV: AH - Economics

  14. Stock Market Manipulation on the Hong Kong Stock Exchange

    Directory of Open Access Journals (Sweden)

    Dionigi Gerace

    2014-10-01

    Full Text Available This study is the first to empirically examine stock market manipulation on the Hong Kong Stock Exchange. The dataset contains 40 cases of market manipulation from 1996 to 2009 that were successfully prosecuted by the Hong Kong Securities & Futures Commission. Manipulation is found to negatively impact market efficiency measures such as the bid-ask spread and volatility. Markets appear incapable of efficiently responding to the presence of manipulators and are characterised by information asymmetry. Manipulators were successfully able to raise prices and exit the market. This finding contradicts views that trade-based manipulation is entirely unprofitable and self-deterring. The victimisation of information-seeking investors and the market as a whole provides a strong rationale for all jurisdictions, including Australia, to have effective laws that prohibit manipulation and for robust enforcement of those laws to further deter market manipulation.

  15. Building Languages

    Science.gov (United States)

    ... Glossary Contact Information Information For… Media Policy Makers Building Languages Recommend on Facebook Tweet Share Compartir Communicating ... any speech and only very loud sounds. Close × “Building Blocks” “Building Blocks” refers to the different skills ...

  16. Applying an international CAPM to herding behaviour model for integrated stock markets

    Directory of Open Access Journals (Sweden)

    Najmudin Najmudin

    2017-12-01

    Full Text Available Development of financial globalization in the form of stock market integration experiences a trend which is getting stronger. The analysis models in the field of finance and investments should be able to adjust to these developments. This adjustment includes the models used to detect the existence of herding behavior. All this time, the herding behavior model of individual stocks towards market consensus has been referring to CAPM theory. The basic assumption of CAPM is that financial assets at a domestic stock market are segmented from the financial assets’ movement at the global market. Therefore, this paper aims to provide an alternative view in the form of an international herding model that should be applied in the context of an integrated stock market. The model was created with reference to the international CAPM. This paper combined ICAPM method and international CSAD model to identify herding for eight stock markets, the sample period being from January 2003 to December 2016. The result found that for segmented stock markets, represented by China and the Philippines, herding happened for both overall the sample period and the market crisis period. In addition, for the integrated stock markets, represented by Indonesia, Japan, Malaysia, Singapore, Thailand, and the UK, herding behavior was only found during the market crisis period. Therefore, classification of market integrations should be considered in assessing the herding behaviour at stock markets.

  17. A RISK BASED METHODOLOGY TO ASSESS THE ENERGY EFFICIENCY IMPROVEMENTS IN TRADITIONALLY CONSTRUCTED BUILDINGS

    Directory of Open Access Journals (Sweden)

    D. Herrera

    2013-07-01

    Full Text Available In order to achieve the CO2 reduction targets set by the Scottish government, it will be necessary to improve the energy efficiency of existing buildings. Within the total Scottish building stock, historic and traditionally constructed buildings are an important proportion, in the order of 19 % (Curtis, 2010, and represent cultural, emotional and identity values that should be protected. However, retrofit interventions could be a complex operation because of the several aspects that are involved in the hygrothermal performance of traditional buildings. Moreover, all these factors interact with each other and therefore need to be analysed as a whole. Upgrading the envelope of traditional buildings may produce severe changes to the moisture migration leading to superficial or interstitial condensation and thus fabric decay and mould growth. Retrofit projects carried out in the past have failed because of the misunderstanding, or the lack of expert prediction, of the potential consequences associated to the envelope's alteration. The evaluation of potential risks, prior to any alteration on building's physics in order to improve its energy efficiency, is critical to avoid future damage on the wall's performance or occupants' health and well being. The aim of this PhD research project is to point out the most critical aspects related to the energy efficiency improvement of traditional buildings and to develop a risk based methodology that helps owners and practitioners during the decision making process.

  18. 12 CFR 563b.435 - What happens to my corporate existence after conversion?

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 5 2010-01-01 2010-01-01 false What happens to my corporate existence after... What happens to my corporate existence after conversion? Your corporate existence will continue following your conversion, unless you convert to a state-chartered stock savings association and state law...

  19. "Price-quakes" shaking the world's stock exchanges.

    Directory of Open Access Journals (Sweden)

    Jørgen Vitting Andersen

    Full Text Available BACKGROUND: Systemic risk has received much more awareness after the excessive risk taking by major financial instituations pushed the world's financial system into what many considered a state of near systemic failure in 2008. The IMF for example in its yearly 2009 Global Financial Stability Report acknowledged the lack of proper tools and research on the topic. Understanding how disruptions can propagate across financial markets is therefore of utmost importance. METHODOLOGY/PRINCIPAL FINDINGS: Here, we use empirical data to show that the world's markets have a non-linear threshold response to events, consistent with the hypothesis that traders exhibit change blindness. Change blindness is the tendency of humans to ignore small changes and to react disproportionately to large events. As we show, this may be responsible for generating cascading events--pricequakes--in the world's markets. We propose a network model of the world's stock exchanges that predicts how an individual stock exchange should be priced in terms of the performance of the global market of exchanges, but with change blindness included in the pricing. The model has a direct correspondence to models of earth tectonic plate movements developed in physics to describe the slip-stick movement of blocks linked via spring forces. CONCLUSIONS/SIGNIFICANCE: We have shown how the price dynamics of the world's stock exchanges follows a dynamics of build-up and release of stress, similar to earthquakes. The nonlinear response allows us to classify price movements of a given stock index as either being generated internally, due to specific economic news for the country in question, or externally, by the ensemble of the world's stock exchanges reacting together like a complex system. The model may provide new insight into the origins and thereby also prevent systemic risks in the global financial network.

  20. "Price-quakes" shaking the world's stock exchanges.

    Science.gov (United States)

    Andersen, Jørgen Vitting; Nowak, Andrzej; Rotundo, Giulia; Parrott, Lael; Martinez, Sebastian

    2011-01-01

    Systemic risk has received much more awareness after the excessive risk taking by major financial instituations pushed the world's financial system into what many considered a state of near systemic failure in 2008. The IMF for example in its yearly 2009 Global Financial Stability Report acknowledged the lack of proper tools and research on the topic. Understanding how disruptions can propagate across financial markets is therefore of utmost importance. Here, we use empirical data to show that the world's markets have a non-linear threshold response to events, consistent with the hypothesis that traders exhibit change blindness. Change blindness is the tendency of humans to ignore small changes and to react disproportionately to large events. As we show, this may be responsible for generating cascading events--pricequakes--in the world's markets. We propose a network model of the world's stock exchanges that predicts how an individual stock exchange should be priced in terms of the performance of the global market of exchanges, but with change blindness included in the pricing. The model has a direct correspondence to models of earth tectonic plate movements developed in physics to describe the slip-stick movement of blocks linked via spring forces. We have shown how the price dynamics of the world's stock exchanges follows a dynamics of build-up and release of stress, similar to earthquakes. The nonlinear response allows us to classify price movements of a given stock index as either being generated internally, due to specific economic news for the country in question, or externally, by the ensemble of the world's stock exchanges reacting together like a complex system. The model may provide new insight into the origins and thereby also prevent systemic risks in the global financial network.

  1. Seismic performance evaluation of existing RC buildings designed ...

    Indian Academy of Sciences (India)

    zone (by accounting for the confinement provided by the stirrups using a .... loss due to damage and cost of repair, major revisions are taking place in .... The acceptance criteria for performance with in the damage control performance range.

  2. Why preeclampsia still exists?

    Science.gov (United States)

    Chelbi, Sonia T; Veitia, Reiner A; Vaiman, Daniel

    2013-08-01

    Preeclampsia (PE) is a deadly gestational disease affecting up to 10% of women and specific of the human species. Preeclampsia is clearly multifactorial, but the existence of a genetic basis for this disease is now clearly established by the existence of familial cases, epidemiological studies and known predisposing gene polymorphisms. PE is very common despite the fact that Darwinian pressure should have rapidly eliminated or strongly minimized the frequency of predisposing alleles. Consecutive pregnancies with the same partner decrease the risk and severity of PE. Here, we show that, due to this peculiar feature, preeclampsia predisposing-alleles can be differentially maintained according to the familial structure. Thus, we suggest that an optimal frequency of PE-predisposing alleles in human populations can be achieved as a result of a trade-off between benefits of exogamy, importance for maintaining genetic diversity and increase of the fitness owing to a stable paternal investment. Copyright © 2013 Elsevier Ltd. All rights reserved.

  3. Bellanca building, Yellowknife : building envelope retrofit project

    Energy Technology Data Exchange (ETDEWEB)

    Rajewski, G. [A.D. Williams Engineering Inc., Edmonton, AB (Canada)

    2008-07-01

    The Bellanca building is a ten-story, commercial office building, located in Yellowknife, Northwest Territories. The owner was concerned about annual fuel consumption, relative to other buildings of similar size. Tenants reported cold drafts and some ice build-up had been reported in the past, on the exterior of the cladding. In addition, some water penetration had occurred during rainfall. This presentation provided background information on the Bellanca building and discussed a building envelope retrofit project. A.D. Williams was hired in late 2006 in order to provide an opinion on the present condition of the building envelope. This presentation described the site investigation and presented an interior and exterior review of the building. It also presented a thermographic survey in order to map thermal anomalies and establish trends. Following acceptance of the report on findings, one of five options was selected for further development. This included removal of existing cladding, exterior gypsum wallboard, fiberglass insulation and application of BASF Walltite CT foam, sheathing, rigid insulation, drainage plane and new cladding. The preliminary design was then presented. This paper also described the tender and award of the contract; construction phase; and substantial completion of the project. tabs, figs.

  4. Existence of Projective Planes

    OpenAIRE

    Perrott, Xander

    2016-01-01

    This report gives an overview of the history of finite projective planes and their properties before going on to outline the proof that no projective plane of order 10 exists. The report also investigates the search carried out by MacWilliams, Sloane and Thompson in 1970 [12] and confirms their result by providing independent verification that there is no vector of weight 15 in the code generated by the projective plane of order 10.

  5. Does bioethics exist?

    Science.gov (United States)

    Turner, L

    2009-12-01

    Bioethicists disagree over methods, theories, decision-making guides, case analyses and public policies. Thirty years ago, the thinking of many scholars coalesced around a principlist approach to bioethics. That mid-level mode of moral reasoning is now one of many approaches to moral deliberation. Significant variation in contemporary approaches to the study of ethical issues related to medicine, biotechnology and health care raises the question of whether bioethics exists as widely shared method, theory, normative framework or mode of moral reasoning.

  6. Valuation of common and preferred stocks

    Directory of Open Access Journals (Sweden)

    Nikolić Ljubica

    2014-01-01

    Full Text Available Buying stocks is a modern way of investing. The investors may place the available capital on the domestic and foreign stock market, they may buy more stocks of a single issuer or distribute money to purchase stocks of various public (stock-exchange companies, and they may form a portfolio of various securities. The investors' decisions on these options are based on their estimate on returns and risks underlying individual security instruments (securities. The two basic approaches to valuation of common stocks are: the Present Value Approach (method of valuating the capitalization of income and the P/E Ratio Approach (the method of valuating the multiple of per-share earnings. Instead of viewing these methods as competing alternatives, they should better be viewed as mutually complementary methods. Both methods are equally useful and their concurrent use may provide better grounds for the analysts' valuation of stocks.

  7. The Spirit of Capitalism and Stock-Market Prices

    OpenAIRE

    Gurdip S. Bakshi; Zhiwu Chen

    1996-01-01

    In existing theory, wealth is no more valuable than its implied consumption rewards. In reality, investors acquire wealth not just for its implied consumption but for the resulting social status. Max M. Weber (1958) refers to this desire for wealth as the spirit of capitalism. The authors examine, both analytically and empirically, implications of Weber's hypothesis for consumption, savings, and stock prices. When investors care about relative social status, propensity to consume and risk-tak...

  8. Characterizing the role of built environment stocks in human development and emission growth

    DEFF Research Database (Denmark)

    Lin, Chen; Liu, Gang; Müller, Daniel B.

    2017-01-01

    throughout their construction, operation, and end-of-life management phases. These stocks usually exist in societies for relatively long time, from years to over a century, therefore their dynamics have long term impacts on human development and emission growth. Several recent studies, including the Fifth...... Assessment Report of the Intergovernmental Panel on Climate Change (IPCC), have discussed the lock-in effects of infrastructure stocks on emission pathways. However, there is still a lack of quantitative analysis and evidence to support this claim. Here, based on an empirical regression model and a new...... underline the role of built environment stocks in human development, future emission pathways, and relevant climate policy....

  9. Investor sentiment and stock returns: Evidence from provincial TV audience rating in China

    Science.gov (United States)

    Zhang, Yongjie; Zhang, Yuzhao; Shen, Dehua; Zhang, Wei

    2017-01-01

    In this paper, we advocate the provincial TV audience rating as the novel proxy for the provincial investor sentiment (PIS) and investigate its relation with stock returns. The empirical results firstly show that the PIS is positively related to stock returns. Secondly, we provide direct evidence on the existence of home bias in China by observing that the provincial correlation coefficient is significantly larger than the cross-provincial correlation coefficient. Finally, the PIS can explain a large proportion of provincial comovement. To sum up, all these findings support the role of the non-traditional information sources in understanding the ;anomalies; in stock market.

  10. Modelling the mixing of herring stocks between the Baltic and the North Sea from otolith data

    DEFF Research Database (Denmark)

    Ulrich, Clara; Post, Søren Lorentzen; Worsøe Clausen, Lotte

    2012-01-01

    and Swedish commercial landings and surveys samples for the purpose of stock assessment. But the split estimates from sampling data are highly variable and noisy. Better understanding of the migration and exploitation patterns involved could therefore potentially improve the stock assessment as well...... and are consistent with existing ideas about the migration patterns of WBSS and NSAS within Division IIIa and adjacent waters. This work therefore provides the foundation for the development of a more rational management of the herring stocks in this area...

  11. Contagion in International Stock Markets during the Sub Prime Mortgage Crisis

    Directory of Open Access Journals (Sweden)

    Hsien-Yi Lee

    2012-01-01

    Full Text Available The sub prime mortgages crises took place in July, 2007 in US which causes the large scare in the global financial markets, and the international stock and foreign market suffer heavy shock. Using twenty international stock indexes, this study examines whether any contagion effect occurred across international markets after the sub-prime financial mortgage crisis in US. Using the heteroscedasticity biases based on correlation coefficients to examine the existence of the contagion effect, this study shows that stock markets of some countries (namely Hong Kong, Taiwan, Australia and New Zealand did suffer from the contagion effect.

  12. The Determinants of Stock Market Returns: An ARDL Investigation on Borsa Istanbul

    Directory of Open Access Journals (Sweden)

    Sevinç Güler

    2014-03-01

    Full Text Available In this paper we examine the long run and the short run dynamics of stock return and macroeconomic and financial variables like gold prices, oil prices, export volume, import volume and exchange rate. The empirical investigation employed on monthly data between January 1988 to November 2013. The Autoregressive Distrubuted Lag (ARDL called analytical-cointegration technique is applied to capture the dynamics of short-run and long-run relationship between veriables. According to results we found a long run relationship between stock return and economic factors and existence of significant relationship between import and stock return in long run and short run models

  13. Statistical modelling of fish stocks

    DEFF Research Database (Denmark)

    Kvist, Trine

    1999-01-01

    for modelling the dynamics of a fish population is suggested. A new approach is introduced to analyse the sources of variation in age composition data, which is one of the most important sources of information in the cohort based models for estimation of stock abundancies and mortalities. The approach combines...... and it is argued that an approach utilising stochastic differential equations might be advantagous in fish stoch assessments....

  14. Is the stock market efficient?

    Science.gov (United States)

    Malkiel, B G

    1989-03-10

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

  15. Tick size and stock returns

    Science.gov (United States)

    Onnela, Jukka-Pekka; Töyli, Juuso; Kaski, Kimmo

    2009-02-01

    Tick size is an important aspect of the micro-structural level organization of financial markets. It is the smallest institutionally allowed price increment, has a direct bearing on the bid-ask spread, influences the strategy of trading order placement in electronic markets, affects the price formation mechanism, and appears to be related to the long-term memory of volatility clustering. In this paper we investigate the impact of tick size on stock returns. We start with a simple simulation to demonstrate how continuous returns become distorted after confining the price to a discrete grid governed by the tick size. We then move on to a novel experimental set-up that combines decimalization pilot programs and cross-listed stocks in New York and Toronto. This allows us to observe a set of stocks traded simultaneously under two different ticks while holding all security-specific characteristics fixed. We then study the normality of the return distributions and carry out fits to the chosen distribution models. Our empirical findings are somewhat mixed and in some cases appear to challenge the simulation results.

  16. The Value Premium on the Danish Stock Market

    DEFF Research Database (Denmark)

    Risager, Ole

    2005-01-01

    research on this issue. The purpose of this paper is to report evidence for the Danish stock market and to test whether the value premium is a genuine long-term feature of the market or just a phenomenon that pops up now and then. To research this issue we have collected accounting and stock market data......A number of influential studies have documented a strong value premium for US stocks over the period 1963 to 1990 (Fama and French (1992), Lakonishok et al. (1994)). Stocks with low price-earnings multiples, price-book values and other measures of value are reported to have given a higher mean...... return than the high multiple growth firms. Work by Basu (1997) and others have shown that the value dominance is also a feature of the earlier market history of the United States. The value premium is reported also to exist in a number of other countries over the period 1975 to 1995 (Fama and French...

  17. A self-similar hierarchy of the Korean stock market

    Science.gov (United States)

    Lim, Gyuchang; Min, Seungsik; Yoo, Kun-Woo

    2013-01-01

    A scaling analysis is performed on market values of stocks listed on Korean stock exchanges such as the KOSPI and the KOSDAQ. Different from previous studies on price fluctuations, market capitalizations are dealt with in this work. First, we show that the sum of the two stock exchanges shows a clear rank-size distribution, i.e., the Zipf's law, just as each separate one does. Second, by abstracting Zipf's law as a γ-sequence, we define a self-similar hierarchy consisting of many levels, with the numbers of firms at each level forming a geometric sequence. We also use two exponential functions to describe the hierarchy and derive a scaling law from them. Lastly, we propose a self-similar hierarchical process and perform an empirical analysis on our data set. Based on our findings, we argue that all money invested in the stock market is distributed in a hierarchical way and that a slight difference exists between the two exchanges.

  18. Response Asymmetry in Spillover Volatility: an Empirical Study in the Indonesia and Singapore Stock Market

    OpenAIRE

    Siti Saadah

    2013-01-01

    Following the blueprint of the ASEAN integration 2015, the integration of the financial markets in this region will increase. This study investigates the existence of a volatility spillover from the Singaporean stock market into Indonesia, including its transmission pattern. Singapore, as an advanced country in the ASEAN region, has played an important role as the information leader in the market of this region, so that it is very possible that the shocks in the Singapore’s stock mark...

  19. The EXIST Mission Concept Study

    Science.gov (United States)

    Fishman, Gerald J.; Grindlay, J.; Hong, J.

    2008-01-01

    scanning mode, interrupted for several orbits per day by GRB follow-ups, followed by a combined pointing-scanning mission phase for optical/IR spectroscopy and redshifts for the large AGN sample found in the survey as well as GRBs and LSST transients. A Team of university, NASA, and industry investigators will conduct the study to determine the full sensitivity and capabilities of this new configuration for EXIST. It will build on the extensive studies of the prior design for the mission and the HET and will incorporate the optical/IR telescope (hereafter IRT) now fully developed by our ITT partner for the NextView Commercial Remote Sensing mission (early 2008 launch) with a focal plane to be developed at GSFC based in part on JWST/NIRSPEC designs. No new technology is needed for either the IRT or HET instruments. The study will pay close attention to full mission cost and present a design for the Decadal Survey Workshop to ensure this even more capable EXIST mission is once again part of the next Decadal Survey.

  20. Strategies and Challenges for Energy Efficient Retrofitting: Study of the Empire State Building

    Science.gov (United States)

    De, B.; Mukherjee, M.

    2013-11-01

    Operational and maintenance cost of existing buildings is escalating making it tough for both the owner and the tenants. Retrofitting them with state of the art technologies help them to keep pace with amended recent code provisions and thus extending the older building stocks one more chance to live responsively. Retrofitted iconic buildings can thus retain their status in commerce driven real estate sector. It helps in reducing green house gas emission as well. World's iconic skyscraper, the Empire State Building (ESB), has undergone an exemplary retrofit process since 2008 to reduce its energy demands. To achieve the goal of operational cost and energy consumption reduction, stiff challenges had taken care in a systematic manner to realize benefit throughout the entire lifespan of the ESB. Least disturbances to the tenant and on-site component handling strategies required precise planning. The present paper explores strategies and process adopted for retrofitting the ESB, and derived insightful guidelines towards operational cost savings and energy efficiency of existing buildings through retrofitting.

  1. Global socioeconomic carbon stocks in long-lived products 1900–2008

    International Nuclear Information System (INIS)

    Lauk, Christian; Haberl, Helmut; Erb, Karl-Heinz; Gingrich, Simone; Krausmann, Fridolin

    2012-01-01

    A better understanding of the global carbon cycle as well as of climate change mitigation options such as carbon sequestration requires the quantification of natural and socioeconomic stocks and flows of carbon. A so-far under-researched aspect of the global carbon budget is the accumulation of carbon in long-lived products such as buildings and furniture. We present a comprehensive assessment of global socioeconomic carbon stocks and the corresponding in- and outflows during the period 1900–2008. These data allowed calculation of the annual carbon sink in socioeconomic stocks during this period. The study covers the most important socioeconomic carbon fractions, i.e. wood, bitumen, plastic and cereals. Our assessment was mainly based on production and consumption data for plastic, bitumen and wood products and the respective fractions remaining in stocks in any given year. Global socioeconomic carbon stocks were 2.3 GtC in 1900 and increased to 11.5 GtC in 2008. The share of wood in total C stocks fell from 97% in 1900 to 60% in 2008, while the shares of plastic and bitumen increased to 16% and 22%, respectively. The rate of gross carbon sequestration in socioeconomic stocks increased from 17 MtC yr −1 in 1900 to a maximum of 247 MtC yr −1 in 2007, corresponding to 2.2%–3.4% of global fossil-fuel-related carbon emissions. We conclude that while socioeconomic carbon stocks are not negligible, their growth over time is not a major climate change mitigation option and there is an only modest potential to mitigate climate change by the increase of socioeconomic carbon stocks. (letter)

  2. Global socioeconomic carbon stocks in long-lived products 1900-2008

    Science.gov (United States)

    Lauk, Christian; Haberl, Helmut; Erb, Karl-Heinz; Gingrich, Simone; Krausmann, Fridolin

    2012-09-01

    A better understanding of the global carbon cycle as well as of climate change mitigation options such as carbon sequestration requires the quantification of natural and socioeconomic stocks and flows of carbon. A so-far under-researched aspect of the global carbon budget is the accumulation of carbon in long-lived products such as buildings and furniture. We present a comprehensive assessment of global socioeconomic carbon stocks and the corresponding in- and outflows during the period 1900-2008. These data allowed calculation of the annual carbon sink in socioeconomic stocks during this period. The study covers the most important socioeconomic carbon fractions, i.e. wood, bitumen, plastic and cereals. Our assessment was mainly based on production and consumption data for plastic, bitumen and wood products and the respective fractions remaining in stocks in any given year. Global socioeconomic carbon stocks were 2.3 GtC in 1900 and increased to 11.5 GtC in 2008. The share of wood in total C stocks fell from 97% in 1900 to 60% in 2008, while the shares of plastic and bitumen increased to 16% and 22%, respectively. The rate of gross carbon sequestration in socioeconomic stocks increased from 17 MtC yr-1 in 1900 to a maximum of 247 MtC yr-1 in 2007, corresponding to 2.2%-3.4% of global fossil-fuel-related carbon emissions. We conclude that while socioeconomic carbon stocks are not negligible, their growth over time is not a major climate change mitigation option and there is an only modest potential to mitigate climate change by the increase of socioeconomic carbon stocks.

  3. The past and future of food stocks

    International Nuclear Information System (INIS)

    Laio, Francesco; Ridolfi, Luca; D’Odorico, Paolo

    2016-01-01

    Human societies rely on food reserves and the importation of agricultural goods as means to cope with crop failures and associated food shortage. While food trade has been the subject of intensive investigations in recent years, food reserves remain poorly quantified. It is unclear how food stocks are changing and whether they are declining. In this study we use food stock records for 92 products to reconstruct 50 years of aggregated food reserves, expressed in caloric equivalent (kcal), at the regional and global scales. A detailed statistical analysis demonstrates that the overall regional and global per-capita food stocks are stationary, challenging a widespread impression that food reserves are shrinking. We develop a statistically-sound stochastic representation of stock dynamics and take the stock-halving probability as a measure of the natural variability of the process. We find that there is a 20% probability that the global per-capita stocks will be halved by 2050. There are, however, some strong regional differences: Western Europe and the region encompassing North Africa and the Middle East have smaller halving probabilities and smaller per-capita stocks, while North America and Oceania have greater halving probabilities and greater per-capita stocks than the global average. Africa exhibits low per-capita stocks and relatively high probability of stock halving by 2050, which reflects a state of higher food insecurity in this continent. (letter)

  4. Jakarta Islamic Index-L 45: Rate Financial Performance, Beta Stocks and Stock Price in Indonesian Stock Exchange

    Directory of Open Access Journals (Sweden)

    Tajus Subqi

    2016-08-01

    Full Text Available This research had analyzed the effect of financial performance and stock beta (systematic risk towards stock price of eight listed companies in Jakarta Islamic Index (JII – LQ 45 for the time period of 2012-2014. The data was gathered by employing literature study and documentation of financial statements. Multiple regressions are used to measure the effect of independent variable towards dependent variable along with ttest and F test. The results based on overall test suggested that only ROE and NPM had opposite direction correlation with the stock price, meanwhile other variables had positive direction correlation. From partial test with 5% level of significance, only EPS and PER had significant effect on stock price while other variables had no effect.   Keywords: financial performance analysis, stock price, stock beta (systematic risk, Jakarta Islamic Index

  5. The synchronicity between the stock and the stock index via information in market

    Science.gov (United States)

    Gao, Hai-Ling; Li, Jiang-Cheng; Guo, Wei; Mei, Dong-Cheng

    2018-02-01

    The synchronicity between the stock and the stock-index in a market system is investigated. The results show that: (i) the synchronicity between the stock and the stock-index increases with the rising degree of market information capitalized into stock prices in certain range; (ii) the synchronicity decreases for large firm-specific information; (iii) the stock return synchronicity is small compared to the big noise trading, however the variance noise facilitates the synchronization within the tailored realms. These findings may be helpful in understanding the effect of market information on synchronicity, especially for the response of firm-specific information and noise trading to synchronicity.

  6. Energy Savings Measure Packages. Existing Homes

    Energy Technology Data Exchange (ETDEWEB)

    Casey, Sean [National Renewable Energy Lab. (NREL), Golden, CO (United States); Booten, Chuck [National Renewable Energy Lab. (NREL), Golden, CO (United States)

    2011-11-01

    This document presents the most cost effective Energy Savings Measure Packages (ESMP) for existing mixed-fuel and all electric homes to achieve 15% and 30% savings for each BetterBuildings grantee location across the United States. These packages are optimized for minimum cost to homeowners for source energy savings given the local climate and prevalent building characteristics (i.e. foundation types). Maximum cost savings are typically found between 30% and 50% energy savings over the reference home; this typically amounts to $300 - $700/year.

  7. O Ponto G Existe?

    Directory of Open Access Journals (Sweden)

    Carlos Alexandre Molina Noccioli

    2016-07-01

    Full Text Available Este trabalho busca analisar o tratamento linguístico-discursivo das informações acerca de um tópicotemático tradicionalmente visto como tabu, relacionado a questões sexuais, na notícia O ponto G existe?, publicada em 2008, na revista brasileira Superinteressante, destacando-se como o conhecimento em questão é representado socialmente ao se considerar a linha editorial da revista. A notícia caracteriza-se como um campo fértil para a análise das estratégias divulgativas, já que atrai, inclusive pelas escolhas temáticas, a curiosidade dos leitores. Imbuído de um tema excêntrico, o texto consegue angariar um público jovem interessado em discussões polêmicas relacionadas ao seu universo.

  8. Research and development of utilization technology of solar thermal system for industrial and other use. Research and development of solar system (research for solar/energy-conservation technology retrofitted to existing buildings); Sangyoyo nado solar system jitsuyoka gijutsu kaihatsu. Solar system no chosa kenkyu (solar toshi muke gijutsu ni kansuru chosa)

    Energy Technology Data Exchange (ETDEWEB)

    Takita, M [New Energy and Industrial Technology Development Organization, Tokyo (Japan)

    1994-12-01

    Described herein are the results of the FY1994 research program for solar/energy-conversion technologies retrofitted to existing buildings. The estimated effects and economic viability of retrofitting technologies show that they bring very high energy-saving effects when applied to heating and hot water supply, which consume a large portion of energy, but relatively low energy-saving effects when applied to cooling, solar walls, glazed balconies and transparent insulators. The study on applicability of these technologies in Japan indicates that the technologies which can recover cost within an average life time are those applied to windows, solar collector systems for hot water supply and heating, and transparent insulators. Although these technologies are low in applicability to cooling viewed from the angle of cost recovery, retrofitted radiation type cooling systems improve not only cooling and energy-saving effects but also comfortableness.

  9. EXIST Perspective for SFXTs

    Science.gov (United States)

    Ubertini, Pietro; Sidoli, L.; Sguera, V.; Bazzano, A.

    2009-12-01

    Supergiant Fast X-ray Transients (SFXTs) are one of the most interesting (and unexpected) results of the INTEGRAL mission. They are a new class of HMXBs displaying short hard X-ray outbursts (duration less tha a day) characterized by fast flares (few hours timescale) and large dinamic range (10E3-10E4). The physical mechanism driving their peculiar behaviour is still unclear and highly debated: some models involve the structure of the supergiant companion donor wind (likely clumpy, in a spherical or non spherical geometry) and the orbital properties (wide separation with eccentric or circular orbit), while others involve the properties of the neutron star compact object and invoke very low magnetic field values (B 1E14 G, magnetars). The picture is still highly unclear from the observational point of view as well: no cyclotron lines have been detected in the spectra, thus the strength of the neutron star magnetic field is unknown. Orbital periods have been measured in only 4 systems, spanning from 3.3 days to 165 days. Even the duty cycle seems to be quite different from source to source. The Energetic X-ray Imaging Survey Telescope (EXIST), with its hard X-ray all-sky survey and large improved limiting sensitivity, will allow us to get a clearer picture of SFXTs. A complete census of their number is essential to enlarge the sample. A long term and continuous as possible X-ray monitoring is crucial to -(1) obtain the duty cycle, -(2 )investigate their unknown orbital properties (separation, orbital period, eccentricity),- (3) to completely cover the whole outburst activity, (4)-to search for cyclotron lines in the high energy spectra. EXIST observations will provide crucial informations to test the different models and shed light on the peculiar behaviour of SFXTs.

  10. The Australian stock market development: Prospects and challenges

    OpenAIRE

    Sheilla Nyasha; Nicholas M. Odhiambo

    2013-01-01

    This paper highlights the origin and development of the Australian stock market. The country has three major stock exchanges, namely: the Australian Securities Exchange Group, the National Stock Exchange of Australia, and the Asia-Pacific Stock Exchange. These stock exchanges were born out of a string of stock exchanges that merged over time. Stock-market reforms have been implemented since the period of deregulation, during the 1980s; and the Exchanges responded largely positively to these r...

  11. Analysis of Right Issue Announcement Effect toward Stock Price Movement and Stock Trading Volume within Issuer in Indonesia Stock Exchange

    Directory of Open Access Journals (Sweden)

    Wilson Yaputra Yakup

    2016-05-01

    Full Text Available The purpose of this study were to identify and analyze the rights issue effect to the stock price, the effect of the rights issue on stock trading volume, the correlation between stock prices before and after the right issue, as well as the correlation between volume of trading activity before the right issue and after that event. The objects of the study are the companies listed on Indonesia Stock Exchange (JSX. The hypothesis stated that right issues have a significant effect on stock price on companies listed on the JSX, rights issues have a significant effect on the stock trading volume on companies listed on the JSX, there is a significant correlation between stock price before and after the rights issue on companies listed in JSX, there is a significant correlation between volume of the stock trading before the rights issue and after that event. Data analysis used were descriptive statistics, simple linear regression analysis and paired t-test. Hypothesis testing was performed by using the Pearson correlation test with significance level of 5%. The results show that the right issue has a positive effect but not significant toward stock prices of companies listed in JSX, right issue has a negative effect and not significant toward the trading volume activity (TVA on companies listed in JSX.

  12. Kyiv institutional buildings sector energy efficiency program: Technical assessment

    Energy Technology Data Exchange (ETDEWEB)

    Secrest, T.J.; Freeman, S.L. [Pacific Northwest National Lab., Richland, WA (United States); Popelka, A. [Tysak Engineering, Acton, MA (United States); Shestopal, P.A.; Gagurin, E.V. [Agency for Rational Energy Use and Ecology, Kyiv (Ukraine)

    1997-08-01

    The purpose of this assessment is to characterize the economic energy efficiency potential and investment requirements for space heating and hot water provided by district heat in the stock of state and municipal institutional buildings in the city of Kyiv. The assessment involves three activities. The first is a survey of state and municipal institutions to characterize the stock of institutional buildings. The second is to develop an estimate of the cost-effective efficiency potential. The third is to estimate the investment requirements to acquire the efficiency resource. Institutional buildings are defined as nonresidential buildings owned and occupied by state and municipal organizations. General categories of institutional buildings are education, healthcare, and cultural. The characterization activity provides information about the number of buildings, building floorspace, and consumption of space heating and hot water energy provided by the district system.

  13. Energy efficiency in the British housing stock: Energy demand and the Homes Energy Efficiency Database

    International Nuclear Information System (INIS)

    Hamilton, Ian G.; Steadman, Philip J.; Bruhns, Harry; Summerfield, Alex J.; Lowe, Robert

    2013-01-01

    The UK Government has unveiled an ambitious retrofit programme that seeks significant improvement to the energy efficiency of the housing stock. High quality data on the energy efficiency of buildings and their related energy demand is critical to supporting and targeting investment in energy efficiency. Using existing home improvement programmes over the past 15 years, the UK Government has brought together data on energy efficiency retrofits in approximately 13 million homes into the Homes Energy Efficiency Database (HEED), along with annual metered gas and electricity use for the period of 2004–2007. This paper describes the HEED sample and assesses its representativeness in terms of dwelling characteristics, the energy demand of different energy performance levels using linked gas and electricity meter data, along with an analysis of the impact retrofit measures has on energy demand. Energy savings are shown to be associated with the installation of loft and cavity insulation, and glazing and boiler replacement. The analysis illustrates this source of ‘in-action’ data can be used to provide empirical estimates of impacts of energy efficiency retrofit on energy demand and provides a source of empirical data from which to support the development of national housing energy efficiency retrofit policies. - Highlights: • The energy efficiency level for 50% of the British housing stock is described. • Energy demand is influenced by size and age and energy performance. • Housing retrofits (e.g. cavity insulation, glazing and boiler replacements) save energy. • Historic differences in energy performance show persistent long-term energy savings

  14. The stock selection problem: Is the stock selection approach more important than the optimization method? Evidence from the Danish stock market

    OpenAIRE

    Grobys, Klaus

    2011-01-01

    Passive investment strategies basically aim to replicate an underlying benchmark. Thereby, the management usually selects a subset of stocks being employed in the optimization procedure. Apart from the optimization procedure, the stock selection approach determines the stock portfolios' out-of-sample performance. The empirical study here takes into account the Danish stock market from 2000-2010 and gives evidence that stock portfolios including small companies' stocks being estimated via coin...

  15. CONCEPT OF SUSTAINABLE DEVELOPMENT OF THE MODERN CITY AT THE RECONSTRUCTION OF THE BUILDINGS OF THE FIRST MASSIVE SERIES

    Directory of Open Access Journals (Sweden)

    RAZUMOVA O. V.

    2017-02-01

    Full Text Available Summary. The concept of sustainable development is a combination of three components: social, economic and environmental, which are directly related to the development of cities. The economic and demographic crisis has a considerable impact not only on the social sphere, but also on urban planning. The complex approach to restoration and improvement of housing stock is considered, the concept of reconstruction of particular buildings is provided. This approach reflects most fully the purpose of renovating of the particular structure or their groups as a solution to the issue of the complex problem of improving the urban environment. An innovative project for the reconstruction of the buildings of the first mass series with the modification of the space planning solutions of the apartments was proposed, using modern technical and environmental requirements and preserving the housing stock. Purpose of research. The use of innovative approaches in the design of comfortable standard housing and the choice of the technical solutions to improve the energy efficiency of existing buildings, reduce energy costs for solving economic and social problems in the reconstruction of the five-story building of the 50-60's.

  16. Effects of daylight-saving time changes on stock market returns and stock market volatility: rebuttal.

    Science.gov (United States)

    Kamstra, Mark J; Kramer, Lisa A; Levi, Maurice D

    2013-02-01

    In a 2011 reply to our 2010 comment in this journal, Berument and Dogen maintained their challenge to the existence of the negative daylight-saving effect in stock returns reported by Kamstra, Kramer, and Levi in 2000. Unfortunately, in their reply, Berument and Dogen ignored all of the points raised in the comment, failing even to cite the Kamstra, et al. comment. Berument and Dogen continued to use inappropriate estimation techniques, over-parameterized models, and low-power tests and perhaps most surprisingly even failed to replicate results they themselves reported in their previous paper, written by Berument, Dogen, and Onar in 2010. The findings reported by Berument and Dogen, as well as by Berument, Dogen, and Onar, are neither well-supported nor well-reasoned. We maintain our original objections to their analysis, highlight new serious empirical and theoretical problems, and emphasize that there remains statistically significant evidence of an economically large negative daylight-saving effect in U.S. stock returns. The issues raised in this rebuttal extend beyond the daylight-saving effect itself, touching on methodological points that arise more generally when deciding how to model financial returns data.

  17. Long Memory in the Greek Stock Market

    OpenAIRE

    John T. Barkoulas; Christopher F. Baum; Nickolaos Travlos

    1996-01-01

    We test for stochastic long memory in the Greek stock market, an emerging capital market. The fractional differencing parameter is estimated using the spectral regression method. Contrary to findings for major capital markets, significant and robust evidence of positive long-term persistence is found in the Greek stock market. As compared to benchmark linear models, the estimated fractional models provide improved out-of-sample forecasting accuracy for the Greek stock returns series over long...

  18. Looking Back on the Stock Market

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    @@ Looking back at the ups and downs of China's stock market in 2007,it is clear that it has developed far beyond people's expectation. While the stock index constantly reaches new highs and the size of the market becomes larger and larger, the Chinese financial market has also reintegrated. A multi-level revolution occurred in 2007, involving changes in stock structure, the variety of core composition, chip cost of the capital market, investor makeup, as well as trade rules and operational methods.

  19. Combining Stocks and Flows of Knowledge

    DEFF Research Database (Denmark)

    Ambos, Tina C.; Nell, Phillip Christopher; Pedersen, Torben

    2013-01-01

    While previous research has mostly focused on either knowledge stocks or knowledge flows, our study is among the first to integrate these perspectives in order to shed light on the complementarity effects of different types of knowledge stocks and flows in the multinational corporation (MNC...... of complementarity create benefits for these units, but that the effects from intra-functional combinations of knowledge stocks and flows are significantly stronger than from cross-functional combinations....

  20. Stock returns and foreign investment in Brazil

    OpenAIRE

    Reis, Luciana; Meurer, Roberto; Da Silva, Sergio

    2008-01-01

    We examine the relationship between stock returns and foreign investment in Brazil, and find that the inflows of foreign investment boosted the returns from 1995 to 2005. There was a strong contemporaneous correlation, although not Granger-causality. Foreign investment along with the exchange rate, the influence of the world stock markets, and country risk can explain 73 percent of the changes that occurred in the stock returns over the period. We also find that positive feedback trading play...