WorldWideScience

Sample records for investment support scheme

  1. Renewable energy investments under different support schemes: A real options approach

    DEFF Research Database (Denmark)

    Boomsma, Trine Krogh; Meade, Nigel; Fleten, Stein-Erik

    2012-01-01

    This paper adopts a real options approach to analyze investment timing and capacity choice for renewable energy projects under different support schemes. The main purpose is to examine investment behavior under the most extensively employed support schemes, namely, feed-in tariffs and renewable......-in tariff encourages earlier investment. Nevertheless, as investment has been undertaken, renewable energy certificate trading creates incentives for larger projects. In our baseline scenario and taking the fixed feed-in tariff as a base, the revenue required to trigger investments is 61% higher...... with renewable certificates. At the same time, investment capacity is 61% higher....

  2. The Effects of the Investment Support Scheme on the Dynamics of the Swedish Photovoltaic Sector

    Energy Technology Data Exchange (ETDEWEB)

    Palmblad, Linus

    2006-01-15

    The support from the Swedish government to the PV sector has so far been focused on research and development. But in May 2005 the Swedish government showed that they want to follow the global trend and introduced a market deployment initiative directed to grid connected PV systems on buildings for public activities. Compared to subsidy schemes in other countries it is small. But the Swedish PV market is still under development and the market support will lead to a significant leap for the installed capacity of PV systems in Sweden. The aim of this study is to create a picture of the dynamics in the Swedish PV sector and make an early evaluation of the effects of the market deployment initiative. Information has been gathered from five new PV projects in Sweden through interviews with involved actors. The analysis is carried out with an innovation systems perspective. The goal of the market support is to create prerequisites for further diffusion of PV systems and development of a competent PV sector in Sweden. When evaluating the market support it is therefore more interesting to look at how the support has affected the dynamics of the Swedish PV innovation system instead of just looking at how many systems that have been built. Despite that this report was carried out in an early phase of the market deployment initiative, it shows that the market support has certainly had some effect on the Swedish PV innovation system. These effects are described and backed up by examples from the studied projects. The report also describes the most notable blocking mechanisms that became clear during the work. The occurrences of selfreinforcing mechanisms are crucial for the growth of the PV market. These mechanisms are also illustrated and together with the blocking mechanisms this gives a picture of the most important areas for policy measures. The results of this report shows that the market deployment initiative has lead to the start of a number of new PV projects and that

  3. A real options approach to analyse wind energy investments under different support schemes

    DEFF Research Database (Denmark)

    Kitzing, Lena; Juul, Nina; Drud, Michael Stolbjerg Leni

    2016-01-01

    under feed-in tariffs, feed-in premiums and tradable green certificates. Investors can under certificate schemes require up to 3% higher profit margins than under tariffs due to higher variance in profits. Feed-in tariffs may lead to 15% smaller project sizes. This trade-off between faster deployment...... of smaller projects and slower deployment of larger projects is neglected using traditional net present value approaches. In the analysis of such trade-off, previous real options studies did not consider a capacity constraint, which is here shown to decrease the significance of the effect. The impact...

  4. Valuing investments in sustainable land management using an integrated modelling framework to support a watershed conservation scheme in the Upper Tana River, Kenya

    Science.gov (United States)

    Hunink, Johannes E.; Bryant, Benjamin P.; Vogl, Adrian; Droogers, Peter

    2015-04-01

    We analyse the multiple impacts of investments in sustainable land use practices on ecosystem services in the Upper Tana basin (Kenya) to support a watershed conservation scheme (a "water fund"). We apply an integrated modelling framework, building on previous field-based and modelling studies in the basin, and link biophysical outputs to economic benefits for the main actors in the basin. The first step in the modelling workflow is the use of a high-resolution spatial prioritization tool (Resource Investment Optimization System -- RIOS) to allocate the type and location of conservation investments in the different subbasins, subject to budget constraints and stakeholder concerns. We then run the Soil and Water Assessment Tool (SWAT) using the RIOS-identified investment scenarios to produce spatially explicit scenarios that simulate changes in water yield and suspended sediment. Finally, in close collaboration with downstream water users (urban water supply and hydropower) we link those biophysical outputs to monetary metrics, including: reduced water treatment costs, increased hydropower production, and crop yield benefits for upstream farmers in the conservation area. We explore how different budgets and different spatial targeting scenarios influence the return of the investments and the effectiveness of the water fund scheme. This study is novel in that it presents an integrated analysis targeting interventions in a decision context that takes into account local environmental and socio-economic conditions, and then relies on detailed, process-based, biophysical models to demonstrate the economic return on those investments. We conclude that the approach allows for an analysis on different spatial and temporal scales, providing conclusive evidence to stakeholders and decision makers on the contribution and benefits of the land-based investments in this basin. This is serving as foundational work to support the implementation of the Upper Tana-Nairobi Water Fund

  5. Support Schemes and Ownership Structures

    DEFF Research Database (Denmark)

    Ropenus, Stephanie; Schröder, Sascha Thorsten; Costa, Ana

    In recent years, fuel cell based micro‐combined heat and power has received increasing attention due to its potential contribution to energy savings, efficiency gains, customer proximity and flexibility in operation and capacity size. The FC4Home project assesses technical and economic aspects...... for promoting combined heat and power and energy from renewable sources. These Directives are to be implemented at the national level by the Member States. Section 3 conceptually presents the spectrum of national support schemes, ranging from investment support to market‐based operational support. The choice...

  6. State support of regional investment projects

    OpenAIRE

    Skopin Aleksey Olegovich

    2012-01-01

    The author provides an overview of the regulatory framework in the field of public support (at the federal level and at federation) regional investment projects in the form of capital investment. Marks a significant role in co-financing of regional investment projects Investment Fund of Russia, shows the role of regional investment funds, as a new instrument of government support for regional investment projects.

  7. Coordinated renewable energy support schemes

    DEFF Research Database (Denmark)

    Morthorst, P.E.; Jensen, S.G.

    2006-01-01

    This paper illustrates the effect that can be observed when support schemes for renewable energy are regionalised. Two theoretical examples are used to explain interactive effects on, e.g., the price of power, conditions for conventional power producers, and changes in import and export of power...... RES-E support schemes already has a common liberalised power market. In this case the introduction of a common support scheme for renewable technologies will lead to more efficient sitings of renewable plants, improving economic and environmental performance of the total power system...

  8. Support mechanisms for renewables: How risk exposure influences investment incentives

    Directory of Open Access Journals (Sweden)

    Lena Kitzing

    2016-06-01

    Full Text Available We analyse quantitatively how risk exposure from different support mechanisms, such as feed-in tariffs and premiums, can influence the investment incentives for private investors. We develop a net cash flow approach that takes systematic and unsystematic risks into account through cost of capital and the Capital Asset Pricing Model as well as through active liquidity management. Applying the model to a specific case, a German offshore wind park, we find that the support levels required to give adequate investment incentives are for a feed-in tariff scheme approximately 4-10% lower than for a feed-in premium scheme. The effect of differences in risk exposure from the support schemes is significant and cannot be neglected in policy making, especially when deciding between support instruments or when determining adequate support levels.

  9. Support Mechanisms for Renewables: How Risk Exposure Influences Investment Incentives

    DEFF Research Database (Denmark)

    Kitzing, Lena; Weber, Christoph

    2015-01-01

    and the Capital Asset Pricing Model as well as through active liquidity management. Applying the model to a specific case, a German offshore wind park, we find that the support levels required to give adequate investment incentives are for a feed-in tariff scheme approximately 4-10% lower than for a feed......We analyse quantitatively how risk exposure from different support mechanisms, such as feed-in tariffs and premiums, can influence the investment incentives for private investors. We develop a net cash flow approach that takes systematic and unsystematic risks into account through cost of capital...

  10. Support Mechanisms for Renewables: How Risk Exposure Influences Investment Incentives

    DEFF Research Database (Denmark)

    Kitzing, Lena; Weber, Christoph

    2015-01-01

    and the Capital Asset Pricing Model as well as through active liquidity management. Applying the model to a specific case, a German offshore wind park, we find that the support levels required to give adequate investment incentives are for a feed-in tariff scheme approximately 4-10% lower than for a feed......We analyse quantitatively how risk exposure from different support mechanisms, such as feed-in tariffs and premiums, can influence the investment incentives for private investors. We develop a net cash flow approach that takes systematic and unsystematic risks into account through cost of capital...

  11. Network Regulation and Support Schemes

    DEFF Research Database (Denmark)

    Ropenus, Stephanie; Schröder, Sascha Thorsten; Jacobsen, Henrik

    2009-01-01

    -in tariffs to market-based quota systems, and network regulation approaches, comprising rate-of-return and incentive regulation. National regulation and the vertical structure of the electricity sector shape the incentives of market agents, notably of distributed generators and network operators....... This article seeks to investigate the interactions between the policy dimensions of support schemes and network regulation and how they affect the deployment of distributed generation. Firstly, a conceptual analysis examines how the incentives of the different market agents are affected. In particular......, it will be shown that there frequently exists a trade-off between the creation of incentives for distributed generators and for distribution system operators to facilitate the integration of distributed generation. Secondly, the interaction of these policy dimensions is analyzed, including case studies based...

  12. Network Regulation and Support Schemes

    DEFF Research Database (Denmark)

    Ropenus, Stephanie; Schröder, Sascha Thorsten; Jacobsen, Henrik

    2009-01-01

    -in tariffs to market-based quota systems, and network regulation approaches, comprising rate-of-return and incentive regulation. National regulation and the vertical structure of the electricity sector shape the incentives of market agents, notably of distributed generators and network operators....... This article seeks to investigate the interactions between the policy dimensions of support schemes and network regulation and how they affect the deployment of distributed generation. Firstly, a conceptual analysis examines how the incentives of the different market agents are affected. In particular......, it will be shown that there frequently exists a trade-off between the creation of incentives for distributed generators and for distribution system operators to facilitate the integration of distributed generation. Secondly, the interaction of these policy dimensions is analyzed, including case studies based...

  13. EU Emissions Trading Scheme and Investments in the power sector

    Energy Technology Data Exchange (ETDEWEB)

    Sapienza, M.D.; Stefanoni, S.

    2007-07-01

    How environmental regulation affects electricity players' investment decisions? Should policy makers look beyond for alternative mechanisms - such as energy efficiency, capture and storage of carbon dioxide, and incentives for renewables - to fulfill the environmental objectives set by Kyoto Protocol? This paper suggests - through a Real Option approach - how the efficacy of the EU Emission Trading Scheme on technological innovation, emissions reduction and energy price dynamics, is strongly affected by the 'hysteresis' emerging from the capital budgeting process of main utilities. As a matter of fact, long-term substitutions between coal-fired units and Combined Cycle Gas Turbine plants production only take place under quite restrictive conditions. (auth)

  14. EU Emissions Trading Scheme and Investments in the power sector

    Energy Technology Data Exchange (ETDEWEB)

    Sapienza, M.D.; Stefanoni, S.

    2007-07-01

    How environmental regulation affects electricity players' investment decisions? Should policy makers look beyond for alternative mechanisms - such as energy efficiency, capture and storage of carbon dioxide, and incentives for renewables - to fulfill the environmental objectives set by Kyoto Protocol? This paper suggests - through a Real Option approach - how the efficacy of the EU Emission Trading Scheme on technological innovation, emissions reduction and energy price dynamics, is strongly affected by the 'hysteresis' emerging from the capital budgeting process of main utilities. As a matter of fact, long-term substitutions between coal-fired units and Combined Cycle Gas Turbine plants production only take place under quite restrictive conditions. (auth)

  15. Privacy Preserving Mapping Schemes Supporting Comparison

    NARCIS (Netherlands)

    Tang, Qiang

    2010-01-01

    To cater to the privacy requirements in cloud computing, we introduce a new primitive, namely Privacy Preserving Mapping (PPM) schemes supporting comparison. An PPM scheme enables a user to map data items into images in such a way that, with a set of images, any entity can determine the $<, =, >$ re

  16. Privacy Preserving Mapping Schemes Supporting Comparison

    NARCIS (Netherlands)

    Tang, Qiang

    2010-01-01

    To cater to the privacy requirements in cloud computing, we introduce a new primitive, namely Privacy Preserving Mapping (PPM) schemes supporting comparison. An PPM scheme enables a user to map data items into images in such a way that, with a set of images, any entity can determine the <, =, >

  17. SUPPORT VECTOR MACHINE METHOD FOR PREDICTING INVESTMENT MEASURES

    Directory of Open Access Journals (Sweden)

    Olga V. Kitova

    2016-01-01

    Full Text Available Possibilities of applying intelligent machine learning technique based on support vectors for predicting investment measures are considered in the article. The base features of support vector method over traditional econometric techniques for improving the forecast quality are described. Computer modeling results in terms of tuning support vector machine models developed with programming language Python for predicting some investment measures are shown.

  18. A new tailored scheme for the support of renewable energies in developing countries

    Energy Technology Data Exchange (ETDEWEB)

    Moner-Girona, Magda [Renewable Energies Unit, Joint Research Centre, European Commission, Ispra (Italy)

    2009-05-15

    Historically the promotion of renewable energy technologies in isolated areas has involved international donors or governments subsidising the initial capital investment. This paper proposes an alternative support mechanism for remote villages based on the generation of renewable electricity. This communication presents an evaluation of the Renewable Energy Premium Tariff (RPT) scheme, a locally adapted variation of the Feed-in Tariff tailored for decentralised grids of developing countries. The RPT scheme stimulates the deployment of renewable energy technologies by paying for renewable electricity generated. A good-quality performance is secured since the support is given based on the electricity produced by renewables, not for the initial capital investment. The mechanism has been designed to provide a cost-effective scheme for the introduction of renewable energy technologies to remote villages, to provide sustainable and affordable electricity to local users, to make renewable energy projects attractive to policy-makers, and concurrently decrease financial risk to attract private sector investment. (author)

  19. Supporting Informal Learning by Traders in Investment Banks

    Science.gov (United States)

    Chivers, Geoffrey

    2011-01-01

    Purpose: The main aims of this paper are to determine the extent to which experienced traders in investment banks based in London are learning by informal methods, which methods are to the fore, and whether HRD staff are providing support for informal learning. It also seeks to find evidence that such investment banks were attempting to become…

  20. Generalized support varieties for finite group schemes

    CERN Document Server

    Friedlander, Eric M

    2011-01-01

    We construct two families of refinements of the (projectivized) support variety of a finite dimensional module $M$ for a finite group scheme $G$. For an arbitrary finite group scheme, we associate a family of {\\it non maximal rank varieties} $\\Gamma^j(G)_M$, $1\\leq j \\leq p-1$, to a $kG$-module $M$. For $G$ infinitesimal, we construct a finer family of locally closed subvarieties $V^{\\ul a}(G)_M$ of the variety of one parameter subgroups of $G$ for any partition $\\ul a$ of $\\dim M$. For an arbitrary finite group scheme $G$, a $kG$-module $M$ of constant rank, and a cohomology class $\\zeta$ in $\\HHH^1(G,M)$ we introduce the {\\it zero locus} $Z(\\zeta) \\subset \\Pi(G)$. We show that $Z(\\zeta)$ is a closed subvariety, and relate it to the non-maximal rank varieties. We also extend the construction of $Z(\\zeta)$ to an arbitrary extension class $\\zeta \\in \\Ext^n_G(M,N)$ whenever $M$ and $N$ are $kG$-modules of constant Jordan type.

  1. An overview of the EU Member States support schemes for the promotion of renewable energy sources

    Energy Technology Data Exchange (ETDEWEB)

    Poullikkas, Andreas; Kourtis, George; Hadjipaschalis, Ioannis [Electricity Authority of Cyprus, P.O. Box 24506, 1399 Nicosia (Cyprus)

    2012-07-01

    In this work, an overview of the European Union (EU) Member States support schemes for the promotion of renewable energy sources (RES) is provided. In particular, the status of the electricity generation capacity as well as the RES mixture in the Member States is described. Moreover, the different support schemes such as, investment support, feed-in tariffs (FiTs), tradable green certificates, and fiscal and financial measures which the Member States have adopted for the promotion of RES technologies are discussed in detail. Some Member States are implementing a single support scheme for the promotion of RES for power generation (RES-E), e.g., seven Member States use FiTs, or implement a hybrid support scheme by combining all or some of the four categories of the RES-E supporting schemes. Although, these support schemes have increased the penetration of the RES-E technologies in the Member States, still there is a long way in order to achieve the 2020 target. The reason for this may be that the way these schemes have been used so far, i.e., either as single support schemes or in combination of FiTs or tradable green certificates with investment support and fiscal and financial measures, has been ineffective. A more effective combination could be a hybrid scheme consisting of FiTs with tradable green certificates measures, as in the case of Italy and United Kingdom, that will increase the RES-E penetration and eliminate the possible technical problems which will arise from this increased penetration and have an effect in the stability of the power system.

  2. Application of GIS in foreign direct investment decision support system

    Science.gov (United States)

    Zhou, Jianlan; Sun, Koumei

    2007-06-01

    It is important to make decisions on how to attract foreign direct investment (FDI) to China and know how the inequality of FDI introduction by locational different provinces. Following background descriptions on China's FDI economic environments and FDI-related policies, this paper demonstrates the uses of geographical information system (GIS) and multi-criterion decision-making (MCDM) framework in solving a spatial multi-objective problem of evaluating and ranking China's provinces for FDI introduction. It implements a foreign direct investment decision support system, which reveals the main determinants of FDI in China and gives some results of regional geographical analysis over spatial data.

  3. An Investment Decision Support System for Process Industries

    Institute of Scientific and Technical Information of China (English)

    周章玉; 成思危; 华贲; 曾敏刚; 尹清华

    2001-01-01

    Most studies on investment evaluation mainly focus on enterprise economic benefits only, without process operability and sustainability considered. In this paper, we suggest that investment evaluation in process industries should be executed under three strategic objectives--enterprise benefits, social benefits and customer benefits. A systematic investment evaluation and decision-making method with a four-step procedure based on the analytic hierarchy process (AHP) is proposed to evaluate various qualitative and quantitative elements with various criteria. At the first step, the decision hierarchy is constructed under the three strategic objectives. Second, pair-wise comparison is utilized to evaluate the weights of elements and criteria. Third, qualitative elements are quantified by pair-wise comparison and quantitative elements are re-scaled by a uniform criterion. At the last, the best choice is made through synthesizing values upward in the hierarchy. An investment decision support system (DSS) is developed based on Microsoft Excel, and applied to a retrofit investment of united fluid catalytic cracking(FCC) and liquefied gas separation process in a refinery plant.

  4. Sex investment ratios in eusocial Hymenoptera support inclusive fitness theory.

    Science.gov (United States)

    Bourke, A F G

    2015-11-01

    Inclusive fitness theory predicts that sex investment ratios in eusocial Hymenoptera are a function of the relatedness asymmetry (relative relatedness to females and males) of the individuals controlling sex allocation. In monogynous ants (with one queen per colony), assuming worker control, the theory therefore predicts female-biased sex investment ratios, as found in natural populations. Recently, E.O. Wilson and M.A. Nowak criticized this explanation and presented an alternative hypothesis. The Wilson-Nowak sex ratio hypothesis proposes that, in monogynous ants, there is selection for a 1 : 1 numerical sex ratio to avoid males remaining unmated, which, given queens exceed males in size, results in a female-biased sex investment ratio. The hypothesis also asserts that, contrary to inclusive fitness theory, queens not workers control sex allocation and queen-worker conflict over sex allocation is absent. Here, I argue that the Wilson-Nowak sex ratio hypothesis is flawed because it contradicts Fisher's sex ratio theory, which shows that selection on sex ratio does not maximize the number of mated offspring and that the sex ratio proposed by the hypothesis is not an equilibrium for the queen. In addition, the hypothesis is not supported by empirical evidence, as it fails to explain 'split' (bimodal) sex ratios or data showing queen and worker control and ongoing queen-worker conflict. By contrast, these phenomena match predictions of inclusive fitness theory. Hence, the Wilson-Nowak sex ratio hypothesis fails both as an alternative hypothesis for sex investment ratios in eusocial Hymenoptera and as a critique of inclusive fitness theory.

  5. The Model of Information Support for Management of Investment Attractiveness of Machine-Building Enterprises

    Directory of Open Access Journals (Sweden)

    Chernetska Olga V.

    2016-11-01

    Full Text Available The article discloses the content of the definition of “information support”, identifies basic approaches to the interpretation of this economic category. The main purpose of information support for management of enterprise investment attractiveness is determined. The key components of information support for management of enterprise investment attractiveness are studied. The main types of automated information systems for management of the investment attractiveness of enterprises are identified and characterized. The basic computer programs for assessing the level of investment attractiveness of enterprises are considered. A model of information support for management of investment attractiveness of machine-building enterprises is developed.

  6. Investments

    CERN Document Server

    Bodie, Zvi

    2013-01-01

    The integrated solutions for Bodie, Kane, and Marcus' Investments set the standard for graduate/MBA investments textbooks. The unifying theme is that security markets are nearly efficient, meaning that most securities are priced appropriately given their risk and return attributes. The content places greater emphasis on asset allocation and offers a much broader and deeper treatment of futures, options, and other derivative security markets than most investment texts. McGraw-Hill's adaptive learning component, LearnSmart, provides assignable modules that help students master chapter core concepts and come to class more prepared. Bodie Investments' blend of practical and theoretical coverage combines with a complete digital solution to help your students achieve higher outcomes in the course

  7. Joint support schemes for renewable generation and barriers for implementation

    DEFF Research Database (Denmark)

    Klinge Jacobsen, Henrik; Hansen, Lise-Lotte Pade; Schröder, Sascha Thorsten

    2012-01-01

    localization and composition of renewable investment can be partly achieved by creating new areas/sub-segments of renewable technologies where support costs and credits are shared. In this article we address how, for example, feed-in tariffs can be set at levels that diverge from the rest of the national...... regarding connection of supported capacity to different networks and cost sharing rules for electricity transmission expansion is also covered and solutions are suggested. Barriers also include the influence on domestic/regional power market prices. One market will be influenced by for example wind...

  8. Incentive-based Financial Support Scheme for Immature Renewable Energy Systems

    DEFF Research Database (Denmark)

    Andersen, Morten Thøtt; Frigaard, Peter Bak

    2015-01-01

    Most of today’s renewable energy systems rely heavily on investments as well as public financial support. This support is often given by means of a higher sales price for each kWh produced, i.e. feed-in tariffs (FITs), green certificates or Renewable Obligation Certificates (ROCs), or by a fixed...... amount, being a percentage of the construction costs of the facility. All these ways of financing have different downsides. The feed-in tariff based kWh prices have some incentives to improve the technology, but enables infeasible solutions to stay financially supported even while R&D is in status quo....... The fixed amount only helps with installation costs, which should not be an issue once the technology is sufficiently feasible. This means that the current ways of granting financial support all lack incentives for increasing production or decreasing construction costs. This paper presents a unique scheme...

  9. A support theorem for Hilbert schemes of planar curves

    CERN Document Server

    Migliorini, Luca

    2011-01-01

    Consider a family of integral complex locally planar curves whose relative Hilbert scheme of points is smooth. The decomposition theorem of Beilinson, Bernstein, and Deligne asserts that the pushforward of the constant sheaf on the relative Hilbert scheme splits as a direct sum of shifted semisimple perverse sheaves. We will show that no summand is supported in positive codimension. It follows that the perverse filtration on the cohomology of the compactified Jacobian of an integral plane curve encodes the cohomology of all Hilbert schemes of points on the curve. Globally, it follows that a family of such curves with smooth relative compactified Jacobian ("moduli space of D-branes") in an irreducible curve class on a Calabi-Yau threefold will contribute equally to the BPS invariants in the formulation of Pandharipande and Thomas, and in the formulation of Hosono, Saito, and Takahashi.

  10. Control Scheme for Distributed Generator Providing Network Voltage Support

    Institute of Scientific and Technical Information of China (English)

    2012-01-01

    The distributed generator over the last 30 years has posed several challenges when they are connected to a distributed network. The most immediate problem is to change the voltage at the connection point depending on the power supplied to the network and may cause it to exceed statutory limits. This paper describes a new control scheme for a distributed generator for supporting the voltage control in the network, thus ensuring the distributed generator to contribute to network voltage management. The scheme performance is demonstrated by a model for a distributed generator connected to a distribution network. The result shows that using the new control scheme, the distribution network voltage constraints are maintained while maximizing the active power delivered by distributed generators.

  11. Investment appraisal of heat and power plants within an emissions trading scheme. Final Report of the INVIS Project

    Energy Technology Data Exchange (ETDEWEB)

    Laurikka, H.; Pirilae, P.

    2005-04-15

    The opportunity cost for carbon dioxide (CO{sub 2}) emissions has become a new factor influencing investments in heat and power production capacity globally, and in particular in countries with a greenhouse gas emissions trading system, such as the European Union Emissions Trading Scheme (EU ETS). There is a considerable power capacity investment need in the coming decades in Finland, in Europe and globally. As the economic lifetime of an investment in heat and power capacity typically ranges from 20-40 years, 'carbon finance' and the EU ETS therefore introduce a considerable and fundamental price risk to the investment problem. In Europe, the price risk is present in all investments and divestments of power production licences or capacity, be it a green-field plant, a retrofit of an existing plant or an acquisition. The objective of the INVIS research project was to extend the knowledge on strategic implications of emissions trading in investments into heat and power generation. This report gives an overview on the main findings of the project. The focus of INVIS project was on (1) quantitative investment appraisal and (2) methods rather than tools or parameter values. Particular attention in the INVIS project was paid to the incorporation of emissions trading in new methods of investment appraisal, which aim at taking into account the value of real options, rights to postpone or revise decisions. The EU ETS modifies the quantitative investment appraisal of heat and power plants directly through the emission allowance price and the number of free allowances and indirectly through impacts on output prices, input prices, taxation, and subsidies. From the risk perspective, the most problematic impact seems to be the regulatory uncertainty in the number of free allowances, which can turn out to be a barrier for investment in fossil-fuel-fired thermal power plants - even combined-cycle gas turbines. The emission allowance price is a stochastic variable, which

  12. Risk analysis of the proxy life-cycle investments in the second pillar pension scheme in Croatia

    Directory of Open Access Journals (Sweden)

    Renata Kovačević

    2015-03-01

    Full Text Available In this article we analyze the expected risk of pension funds with different risk profiles in the proxy life-cycle model of investments for the 2nd pillar pension scheme in Croatia. The benefits of implementing proxy life-cycle investments, compared to the previous model of mandatory pension funds investments, are clearly visible in the total expected amount of accumulated savings from the risk/return perspective. However, those benefits are partially diminished by the fact that the expected risk of a pension fund with the lowest risk profile is not substantially different from the expected risk of a pension fund with a medium risk profile, due to the lack of diversification. Additionally, we analyze the robustness of the proxy life-cycle model to a sudden and severe market shock, where we determine the presence of risk for those members who choose to switch to a pension fund with a lower risk profile at an unfavorable moment.

  13. A new support vector machine based multiuser detection scheme

    Institute of Scientific and Technical Information of China (English)

    WANG Yong-jian; ZHAO Hong-lin

    2008-01-01

    In order to suppress the multiple access interference(MAI)in 3G,which limits the capacity of a CDMA communication system,a fast relevance vector machine(FRVM)is employed in the muhinser detection (MUD)scheme.This method aims to overcome the shortcomings of many ordinary support vector machine (SVM)based MUD schemes,such as the long training time and the inaccuracy of the decision data,and enhance the performance of a CDMA communication system.Computer simulation results demonstrate that the proposed FRVM based muhiuser detection has lower bit error rate,costs short training time,needs fewer kernel functions and possesses better near-far resistance.

  14. A scheme for supporting distributed data structures on multicomputers

    Science.gov (United States)

    Hiranandani, Seema; Saltz, Joel; Berryman, Harry; Mehrotra, Piyush

    1990-01-01

    A data migration mechanism is proposed that allows an explicit and controlled mapping of data to memory. While read or write copies of each data element can be assigned to any processor's memory, longer term storage of each data element is assigned to a specific location in the memory of a particular processor. The proposed integration of a data migration scheme with a compiler is able to eliminate the migration of unneeded data that can occur in multiprocessor paging or caching. The overhead of adjudicating multiple concurrent writes to the same page or cache line is also eliminated. Data is presented that suggests that the scheme may be a pratical method for efficiently supporting data migration.

  15. Girder Support Scheme for the LCLS Undulator System

    Energy Technology Data Exchange (ETDEWEB)

    Welch, J.

    2005-01-31

    Differential settlement of the foundation of the LCLS Undulator Hall will cause quadrupoles to move and the electron beam trajectory to distort. The resulting phase errors will decrease the FEL power and require time consuming beam-based alignment sessions to correct. By supporting quadrupoles on girders, with three quadrupoles to a girder, the foundation motion induced phase error between the beam and the X Ray radiation can be reduced by a factor of 5 compared with supporting each quadrupole with a separate column. This comes about because the motions of three quadrupoles on a girder are linearly correlated so their effect on the beam is largely canceled out. Thus a girder support scheme can significantly help to extend the time between required beam based alignments and contribute to a more stable operation of the LCLS FEL beam.

  16. A DECISION SUPPORT AID FOR BEEF CATTLE INVESTMENT USING EXPERT SYSTEMS

    OpenAIRE

    Lawrence L. Falconer; Long, Charles R.; McGrann, James M.

    1996-01-01

    The beef cattle investment decision provides an excellent opportunity to increase the economic efficiency of beef cattle production. The investment questions that face beef cattle producers are of interest to beef cattle producers, educators, and financial institutions involved in lending to beef cattle producing firms. This study develops a decision support aid utilizing expert system technology to assist beef cattle producers in making well-founded investment decisions with respect to the f...

  17. Support schemes and market design in international offshore grids

    DEFF Research Database (Denmark)

    Schröder, Sascha Thorsten

    2013-01-01

    International offshore grids can combine the grid connection of offshore wind parks with the possibility for international power trading in the future. This paper investigates the choice of support scheme and power market design in international offshore grids and derives resulting incentives....... For example, day-ahead market design could be chosen such that an offshore wind park is affiliated to a national country or placed in a neutral offshore hub. With regard to balancing, an offshore wind park's access to a specific country may be blocked due to interconnector congestion from power trading. Hence...

  18. Joint Support and Efficient Offshore Investment: Market and Transmission Connection Barriers and Solutions

    DEFF Research Database (Denmark)

    Schröder, Sascha Thorsten; Kitzing, Lena; Klinge Jacobsen, Henrik

    2012-01-01

    . Two case studies on the regulatory combinations of joint projects financed under tendering and tradable green certificates as a joint support scheme are contrasted, addressing main barriers and possible solutions. Joint projects are an interesting option in the midterm, whereas joint support schemes...

  19. Green investment schemes: financing energy-efficiency in CEE and a model for post-2012 climate mitigation finance?

    Energy Technology Data Exchange (ETDEWEB)

    Sharmina, Maria; Uerge-Vorsatz, Diana (Central European Univ., Center for Climate Change and Sustainable Energy Policy, Budapest (Hungary)); Tuerk, Andreas (Joanneum Research, Graz (Austria)); Feiler, Jozsef (Office of the Parliamentary Commissioner for Future Generations, Budapest (Hungary))

    2009-07-01

    Green Investment Schemes (GIS) have been introduced to ensure the climate integrity of international emission trading (IET) involving first commitment period excess assigned amount units (AAUs) in former communist countries for the purpose of other countries' compliance with Kyoto commitments. GIS could provide a new and significant source of GHG mitigation financing in the seller countries. The article investigates how the flexibility of GIS can be best utilized for maximizing benefits to climate and society, but also to ensure that environmental integrity is not compromised at the expense of its simplicity and flexibility. The paper demonstrates that improved energy efficiency, especially through thermal retrofitting of the old inefficient building stock, is the most optimal area where such benefits can be best maximised. The paper identifies different architectural modalities of GIS, and how the choices in these affect its effectiveness. It then reviews the developments in GIS and characterizes different countries' GIS architectures in the making. Learning from CDM/JI as well as other constraints related to GIS, recommendations are made for GIS architectures. The article emphasizes that GIS provides a unique opportunity for significant funds for abatement investments such as efficiency improvements. Optimally, these revenues could be targeted towards areas not easily reached by business-as-usual investments and policies, but fundamental for a long-term low carbon economy. Such areas in CEE include infrastructure investments, like retrofitting of old buildings or ensuring very low carbon footprints of new buildings, and certain bioenergy projects. To accommodate such long-term climate investments, it is crucial that the combination of allowable crediting period, greening ratio and AAU price ensures adequate bankability for investments with long payback times. The paper also proposes that more innovative and simpler MandV approaches than in CDM/JI are

  20. Support schemes and ownership structures - The policy context for fuel cell based micro-combined heat and power

    Energy Technology Data Exchange (ETDEWEB)

    Ropenus, S.; Thorsten Schroeder, S.; Costa, A.; Obe, E.

    2010-05-15

    In recent years, fuel cell based micro-combined heat and power has received increasing attention due to its potential contribution to energy savings, efficiency gains, customer proximity and flexibility in operation and capacity size. The FC4Home project assesses technical and economic aspects of the ongoing fuel cell based micro-combined heat and power (mCHP) demonstration projects by addressing the socio-economic and systems analyses perspectives of a large-scale promotion scheme of fuel cells. This document constitutes the deliverable of Work Package 1 of the FC4Home project and provides an introduction to the policy context for mCHP. Section 1 describes the rationale for the promotion of mCHP by explaining its potential contribution to European energy policy goals. Section 2 addresses the policy context at the supranational European level by outlining relevant EU Directives on support schemes for promoting combined heat and power and energy from renewable sources. These Directives are to be implemented at the national level by the Member States. Section 3 conceptually presents the spectrum of national support schemes, ranging from investment support to market-based operational support. The choice of support scheme simultaneously affects risk and technological development, which is the focus of Section 4. Subsequent to this conceptual overview, Section 5 takes a glance at the national application of support schemes for mCHP in practice, notably in the three country cases of the FC4Home project, Denmark, France and Portugal. Another crucial aspect for the diffusion of the mCHP technology is possible ownership structures. These may range from full consumer ownership to ownership by utilities and energy service companies, which is discussed in Section 6. Finally, a conclusion (Section 7) wraps up previous findings and provides a short 'preview' of the quantitative analyses in subsequent Work Packages by giving some food for thought on the way. (author)

  1. Assessment of Growth Enhancement Support Scheme among Rice ...

    African Journals Online (AJOL)

    USER

    Performance index, percentage and mean were used to analyze data. The result of the findings .... 2. assess farmers' perception of changes brought about by the scheme on ..... Corruption in form of input diversion by staff and input dealers.

  2. Economic Effects of Investment Support of Adding Value to Food Products

    Directory of Open Access Journals (Sweden)

    J. Mezera

    2013-03-01

    Full Text Available The reason for this contribution is need for analysis and evaluation of the support of adding value to food products in framework of the Rural Development Programme (sub-measure I.1.3.1 in the context of the preparation of new documents for the new programming period 2014 - 2020. Application of research results is the first step to modification of rules for the RDP granting aid for the programming period 2014 - 2020 in order to be efficient and targeted at food industry in the new conditions. From a methodological point of view the solution is based on counterfactual analysis and identifies the main effects for the food industry using economic indicators. Results show that the supported businesses consolidated their economic position to a certain extent. The investment support has positive impact on financial stability because participants had smaller decrease of profitability than nonparticipants in the period 2007 - 2010. The investment support increases labour productivity. But due to the higher depreciation, as the consequence of investments in fixed assets, the overall effects on economic results are slightly reduced.The author gratefully acknowledge the support of the Ministry of Agriculture – the support came from the institutional support of the Institute of Agricultural Economics and Information (internal research project no. 1262 – “Economic performance of the Czech food processing sector with focus on small and medium enterprises in the context of the measures Rural Development Programme”.

  3. An Enhanced Multihoming Support Scheme with Proxy Mobile IPv6 for Convergent Networks

    Science.gov (United States)

    Li, Yang; Kum, Dong-Won; Kang, Ju-Eun; Cho, You-Ze

    This paper analyzes the limitations of the multihoming support in the Proxy Mobile IPv6 protocol, then proposes an enhanced multihoming support scheme based on a per-interface address configuration method. The proposed scheme can provide a more flexible multihoming support and also maintain application session continuity during a handoff between two interfaces by using IPv6 extension headers. Plus, flow distribution with filters is also used to realize the advantages of multihoming. Simulation results with the OPNET validate the proposed multihoming support scheme for convergent networks.

  4. Who Supports Breastfeeding Mothers? : An Investigation of Kin Investment in the United States.

    Science.gov (United States)

    Cisco, Jayme

    2017-02-18

    Breastfeeding is one important form of maternal investment that is influenced by support from kin and non-kin. This paper investigates who provides support for breastfeeding mothers and their children, what type of support they provide, and how support impacts breastfeeding duration. The data were derived from a survey of 594 American mothers and were analyzed using quantitative methods, including Cox regression. Analyses indicate that mothers receive significant support, particularly from spouses and maternal grandmothers. More frequent breastfeeding discussions with La Leche League and maternal grandfathers were associated with longer duration, whereas discussions with physicians were associated with shorter breastfeeding duration. Results indicate that consulting others specifically about breastfeeding may influence breastfeeding decisions. The results are consistent with the idea that social support may influence breastfeeding duration and that some types of support are more influential than others. Furthermore, support persons should be educated about breastfeeding to prevent early weaning.

  5. A VR Based Interactive Genetic Algorithm Framework For Design of Support Schemes to Deep Excavations

    Energy Technology Data Exchange (ETDEWEB)

    Wei, Riyu [Univ. of Queensland, Brisbane (Australia); Wu, Heng [Guangxi Univ., Nanning (China)

    2002-11-15

    An interactive genetic algorithm (IGA) framework for the design of support schemes to deep excavations is proposed in this paper, in which virtual reality (VR) is used as an aid to the evaluation of design schemes that is performed interactively. The fitness of a scheme individual is evaluated by two steps. Firstly a fitness value is automatically assigned to a scheme individual according to the the estimated construction cost of the individual. And the human evaluation is introduced to modify the fitness value by taking into account other factors, such as the feasibility factor. The design scheme is composed of four basic categories, i. e., cantilever walls, reinforced soil walls, tieback systems and bracing systems, each of which is encoded by a binary string. To assist human evaluation, 3D models of design schemes are created and visualized in a virtual reality environment, providing designers with a reality sense of various schemes.

  6. Asset Management Planning – providing the evidence to support robust and risk-based investment decisions

    Directory of Open Access Journals (Sweden)

    Mitchell Chrissy

    2016-01-01

    Full Text Available Over the last decade the UK’s joint Flood and Coastal Erosion Risk Management Research and Development programme has been developing methods to support a move to a risk-based approach to flood defence asset management. Looking to ensure investment is less ‘find and fix’ and made to those assets where the biggest risk reduction can be made for the money available. In addition, providing the capability to articulate the benefits of investing in these assets quantitatively and transparently. This paper describes how the Asset Performance Tools (APT project [1] is delivering practical methods, prototype tools and supporting guidance which, together with related initiatives such as the Environment Agency’s Creating Asset Management Capacity (CAMC strategic programme [2] and the ‘State of the Nation’ (SoN [3] supportive datasets, will enable a risk-based, ‘predict and protect’ approach to asset management. A key advance is the ability to bring in local knowledge to make national generic datasets locally relevant. The paper also highlights existing outputs that can already be used to support a more proactive approach to asset management. It will summarise the ongoing work which will further develop and fine tune performance assessment and investment decision processes within an integrated conceptual framework aligned with ISO55000, deliverable via CAMC and whose concepts can be used by all risk management authorities.

  7. Joint Support and Efficient Offshore Investment: Market and Transmission Connection Barriers and Solutions

    DEFF Research Database (Denmark)

    Schröder, Sascha Thorsten; Kitzing, Lena; Klinge Jacobsen, Henrik

    2012-01-01

    Different support schemes are applied for the promotion of renewable energy sources in EU Member States. Current EU legislation opens opportunities for international cooperation to achieve national renewable targets more efficiently, either by statistical transfers, joint projects or joint suppor...... may be more attractive on a longer time horizon....

  8. The role of government in supporting the emergence of clean energy venture capital investing in Switzerland

    Energy Technology Data Exchange (ETDEWEB)

    Buerer, M.J.; Wuestenhagen, R.

    2005-07-01

    This report for the Swiss Federal Office of Energy (SFOE) takes a look at the role of the Swiss government in supporting the provision of venture capital for clean energy projects. Topics examined include the lack of sufficient venture capital investment in clean energy technology, the situation encountered in Switzerland today as far as energy entrepreneurship is concerned, key challenges and cultural, legal and fiscal aspects. Present government support in these areas, the relevance of current Swiss programmes and improvements that are to be made are also discussed. Also, activities in other countries are examined and suggestions are made concerning new activities to improve the situation in Switzerland.

  9. A Mathematical Model of Profit-Loss Sharing Scheme of Small Investment for Traditional Market Traders using The Semi-Fuzzy Logic Approach

    Directory of Open Access Journals (Sweden)

    Novriana Sumarti

    2017-02-01

    Full Text Available A mathematical model of micro-finance investment using profit-loss sharing scheme are made and implemented to simulated data. Here profits from the venture will be shared in a portion between the investor and the entity running the business. The scheme can be classified as Musharaka type of investment in Sharia economy. The proposed model is theoretically implemented with data from small-scale traders at a local traditional market who have small turnover. They are common target of usurers who lend money with high interest rate and penalties. If the traders are in unfortunate conditions, they are potentially in poorer condition than before committing themselves to the usurer. In the conventional practices of the profit sharing scheme, the investor will get a fixed portion of the trader’s income, which is applied for all kind of small-scale traders. If the traders are diligent and hard worker and have very high turnover, then the investor will gain much more profit whether the contributed capital is small or large. In this paper, the scheme is implemented using Semi-Fuzzy Logic Approach so that the profit-loss sharing scheme can achieve its intended goal, which is to make a profitable investment not only for the investor but also for traders. The approach is not fully using Fuzzy Logic because some variables are still in crisp numbers and the optimization problem is regular in the form of crisp numbers. Based on the existing data, the results show that the optimal profit share is depended on the income of the traders. The higher the income coming from the venture, the lesser the profit share for the investor which is reasonable with the fixed initial contributed capital.

  10. Petiole length and biomass investment in support modify light interception efficiency in dense poplar plantations.

    Science.gov (United States)

    Niinemets, Ulo; Al Afas, Najwa; Cescatti, Alessandro; Pellis, An; Ceulemans, Reinhart

    2004-02-01

    Leaf architecture, stand leaf area index and canopy light interception were studied in 13 poplar clones growing in a second rotation of a coppice plantation, to determine the role of leaf architectural attributes on canopy light-harvesting efficiency and to assess biomass investment in leaf support tissue. Stand leaf area index (L) varied from 2.89 to 6.99, but L was only weakly associated with canopy transmittance (TC). The weak relationship between TC and L was a result of a higher degree of foliage aggregation at larger values of L, leading to lower light-interception efficiency in stands with greater total leaf area. We observed a strong increase in leaf aggregation and a decrease in light-harvesting efficiency with decreasing mean leaf petiole length (PL) but not with leaf size, possibly because, in cordate or deltoid poplar leaves, most of the leaf area is located close to the petiole attachment to the lamina. Although PL was the key leaf characteristic of light-harvesting efficiency, clones with longer petioles had larger biomass investments in petioles, and there was a negative relationship between PL and L, demonstrating that enhanced light harvesting may lead to an overall decline in photosynthesizing leaf surface. Upper-canopy leaves were generally larger and had greater dry mass (MA) and nitrogen per unit area (NA) than lower-canopy leaves. Canopy plasticity in MA and NA was higher in clones with higher foliar biomass investment in midrib, and lower in clones with relatively longer petioles. These relationships suggest that there is a trade-off between photosynthetic plasticity and biomass investment in support, and also that high light-harvesting efficiency may be associated with lower photosynthetic plasticity. Our results demonstrate important clonal differences in leaf aggregation that are linked to leaf structure and biomass allocation patterns within the leaf.

  11. A Backward Unlinkable Secret Handshake Scheme with Revocation Support in the Standard Model

    Directory of Open Access Journals (Sweden)

    Yamin Wen

    2015-10-01

    Full Text Available Secret handshake schemes have been proposed to achieve private mutual authentications, which allow the members of a certain organization to anonymously authenticate each other without exposing their affiliations. In this paper, a backward unlinkable secret handshake scheme with revocation support (BU-RSH is constructed. For a full-fledged secret handshake scheme, it is indispensable to furnish it with practical functionality, such as unlinkability, revocation and traceability. The revocation is achieved in the BU-RSH scheme, as well as the unlinkability and the traceability. Moreover, the anonymity of revoked members is improved, so that the past transcripts of revoked members remain private, i.e., backward unlinkability. In particular, the BU-RSH scheme is provably secure in the standard model by assuming the intractability of the `-hidden strong Diffie-Hellman problem and the subgroup decision problem.

  12. Patterns of Parental Investment and Sexual Selection in Teleost Fishes: Do They Support Bateman's Principles?

    Science.gov (United States)

    Rios-Cardenas, Oscar

    2005-11-01

    Bateman demonstrated differences in variance for fertility and mating success between the sexes, with males usually having a greater variance than females. Thus in general, male reproductive success increases with number of mates acquired. These results have been referred to as "Bateman's principles" and taken together with other parameters (e.g., relative parental investment) have been proposed to estimate a component of sexual selection. For this review I examine patterns of parental care and sexual selection in teleost fishes (substrate brooding and with internal fertilization). I present data for the pumpkinseed sunfish Lepomis gibbosus, in which I estimated cost of paternal care and compared direct measures of the intensity of selection on possible sexually selected traits to measures of sexual selection based on Bateman's principles.Despite high levels of paternal care in substrate brooding fishes, sexual selection tends to act more strongly on males than on females, which suggests that maternal investment is higher than paternal investment and that parental care does not limit the reproductive rate for males. In pumpkinseed sunfish, selection favors parents with high levels of defense that may exclude predators more effectively and, as suggested by Bateman's measures, alternative reproductive strategies may decrease the opportunity for sexual selection within the parental strategy. In teleost fishes with internal fertilization, patterns of parental investment and intensity of sexual selection seem to support Bateman's principles, but further studies using these systems and these measures of selection will improve the understanding of factors affecting the intensity of sexual selection and its relation to mating systems.

  13. Status Review of Renewable and Energy Efficiency Support Schemes in Europe

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2012-09-15

    This document forms the latest update to the regular CEER Status Review of Renewable Energy and Energy Efficiency Support Schemes in Europe and builds on the previous CEER report C10-SDE-19-04a. The purpose of Status Review publications is to collect comparable data on RES support in Europe in order to provide policy-makers, regulators and industry participants with information on support schemes for electricity from renewable energy sources, by technology and type of instrument (e.g. Feed-in tariffs and Green Certificates). To collect this data, a questionnaire was circulated to CEER members in July 2012, to explore the renewable electricity support schemes currently in place in Member States across Europe.

  14. Design, Implementation, and Performance Evaluation of Efficient PMIPv6 Based Mobile Multicast Sender Support Schemes

    Directory of Open Access Journals (Sweden)

    Lili Wang

    2015-01-01

    Full Text Available Proxy Mobile IPv6 (PMIPv6 is proposed as a promising network-based mobility management protocol, which does not need any participation of mobile nodes. PMIPv6 does not support the multicast well and most of the current research concentrates on the mobile multicast receiver. However, the mobile multicast sender is also very important and challenging, which has not been addressed well. Therefore, in this paper we propose two efficient PMIPv6 based mobile multicast sender support schemes which are PMIP bidirectional tunneling (PMIP-BT and PMIP direct routing (PMIP-DR. In the PMIP-BT, the multicast traffic can be delivered through the PMIPv6 bidirectional tunnel, while, in the PMIP-DR, the multicast data can be transmitted via an optimized direct multicast routing. Both of them can support the multicast sender mobility transparently enabled in the PMIPv6 networks. We evaluate the performance of the proposed schemes by theoretical analysis, and the numerical results show that the proposed schemes have a better performance in terms of the signaling cost than the current schemes. Meanwhile, the proposed schemes are also implemented on the test bed, and the experimental results not only verify the validity and feasibility of our proposed schemes, but also conclude the different scenarios to which they are applicable.

  15. A New Scheme for MPLS Supporting IP Multicast and Its Validation

    Institute of Scientific and Technical Information of China (English)

    LONG Keping; ZHANG Zhongshan; WANG Wendong; CHENG Shiduan

    2001-01-01

    MPLS that combines the flexibility ofLayer3 routing with QoS supporting of Layer2 switch-ing is being widely developed. Unfortunately, exist-ing MPLS specification can only support unicast well,but is lack of supporting multicast. The main dif-ficulty of MPLS supporting multicast is the bindinglabels to multicast FEC. This paper mainly presentsa new scheme that MPLS supports IP multicast rout-ing protocol. In the proposed mechanism, the labeldistribution is triggered by traffic and not by controlmessages. This scheme makes the network's scalabil-ity and dynamic characteristic better than the schemewhose label distribution is triggered by control mes-sages. The simulation results validate that this schemecan work well both in normal network and in the con-dition of higher link-loss-rate.

  16. Developing and supporting coordinators of structured mentoring schemes in South Africa

    Directory of Open Access Journals (Sweden)

    Penny Abbott

    2010-03-01

    Full Text Available Orientation: Mentoring is considered to be such an important contributor to accelerated people development in South Africa that structured mentoring schemes are often used by organisations. There are at present few sources of development and support for coordinators of such schemes.Research purpose: The aim of this research is to discover what the characteristics of coordinators of structured mentoring schemes in South Africa are, what is required of such coordinators and how they feel about their role, with a view to improving development and support for them.Motivation for the study: The limited amount of information about role requirements for coordinators which is available in the literature is not based on empirical research. This study aims to supply the empirical basis for improved development and support for coordinators.Research design and method: A purposive sample of 25 schemes was identified and both quantitative and qualitative data, obtained through questionnaires and interviews, were analysed using descriptive statistics and thematic analysis.Main findings: Functions of coordinators tend to be similar across different types of mentoring schemes. A passion for mentoring is important, as the role involves many frustrations. There is little formalised development and support for coordinators.Practical/managerial implications: The study clarifies the functions of the coordinator, offers a job description and profile and makes suggestions on how to improve the development of the coordinator’s skills.Contribution/value-add: An understanding of what is required from a coordinator, how the necessary knowledge and skills can be developed and how the coordinator can be supported,adds value to an organisation setting up or reviewing its structured mentoring schemes.

  17. QoS Support Polling Scheme for Multimedia Traffic in Wireless LAN MAC Protocol

    Institute of Scientific and Technical Information of China (English)

    YANG Zhijun; ZHAO Dongfeng

    2008-01-01

    Quality of service (QoS) support is a key attribute for multimedia traffic including video, voice, and data in wireless local area networks (LANs) but is limited in 802.11-based wireless LANs. A polling-based scheme called the point coordination function (PCF) was developed for 802.11 LANs to support the trans-mission of multimedia traffic. However, the PCF is not able to meet the desired practical traffic differentiation requirements for real-time data. This paper describes a QoS support polling scheme based on the IEEE 802.11 medium access control (MAC) protocol. The scheme uses a two-level polling mechanism with the QoS classes differentiated by two different access policies. Stations with higher priority traffic such as key or real-time data form the first level and can access the common channel through an exhaustive access policy. Other stations with lower priority traffic form the second level and can access the channel through a gated access policy. A system model based on imbedded Markov chain theory and a generation function were setup to explicitly analyze the mean information packet waiting time of the two-level polling scheme. Theo-retical and simulation results show that the new scheme efficiently differentiates services to guarantee better QoS and system stability.

  18. Supply chain relationships, supplier support programs and stimulating on-farm investment: evidence from the Armenian dairy sector

    NARCIS (Netherlands)

    Dries, L.K.E.; Gorton, M.; Urutyan, V.; White, J.

    2014-01-01

    Purpose – The purpose of this paper is to evaluate the determinants of supply chain relationships, the provision of supplier support measures and the role that support measures play in stimulating investment by suppliers in emerging economies. Design/methodology/approach – The paper draws on survey

  19. Informational support of the investment process in a large city economy

    Directory of Open Access Journals (Sweden)

    Tamara Zurabovna Chargazia

    2016-12-01

    Full Text Available Large cities possess a sufficient potential to participate in the investment processes both at the national and international levels. A potential investor’s awareness of the possibilities and prospects of a city development is of a great importance for him or her to make a decision. So, providing a potential investor with relevant, laconic and reliable information, the local authorities increase the intensity of the investment process in the city economy and vice-versa. As a hypothesis, there is a proposition that a large city administration can sufficiently activate the investment processes in the economy of a corresponding territorial entity using the tools of the information providing. The purpose of this article is to develop measures for the improvement of the investment portal of a large city as an important instrument of the information providing, which will make it possible to brisk up the investment processes at the level under analysis. The reasons of the unsatisfactory information providing on the investment process in a large city economy are deeply analyzed; the national and international experience in this sphere is studied; advantages and disadvantages of the information providing of the investment process in the economy of the city of Makeyevka are considered; the investment portals of different cities are compared. There are suggested technical approaches for improving the investment portal of a large city. The research results can be used to improve the investment policy of large cities.

  20. On the management of life insurance company risk by strategic choice of product mix, investment strategy and surplus appropriation schemes

    DEFF Research Database (Denmark)

    Bohnert, Alexander; Gatzert, Nadine; Jørgensen, Peter Løchte

    2015-01-01

    The aim of this paper is to analyze the impact of management’s strategic choice of asset and liability composition in life insurance on shortfall risk and the shareholders’ fair risk charge. In contrast to previous work, we focus on the effectiveness of management decisions regarding the product...... mix and the riskiness of the asset side under different surplus appropriation schemes. We propose a model setting that comprises temporary life annuities and endowment insurance contracts. Our numerical results show that the effectiveness of management decisions in regard to risk reduction strongly...... depends on the surplus appropriation scheme offered to the customer and their impact on guaranteed benefit payments, which thus presents an important control variable for the insurer....

  1. A SIP-based Real-time Traffic Mobility Support Scheme in Named Data Networking

    Directory of Open Access Journals (Sweden)

    Haibo li

    2012-06-01

    Full Text Available With the development of hardware and software technologies, mobile computing has become popular and pervasive. As a result, user-created mobile contents overwhelmingly increase, and cont sharing becomes the most popular application in communication networks. In order to accommodate this technical trend, a new networking architecture - named data networking (NDN -was proposed to optimize the performance of content sharing. However, NDN has little design consideration for mobile applications, especially for the real-time multimedia applications which are very sensitive to the end-to-end network delay. Therefore, in this paper, we propose a SIP-based mobility-enabled scheme for supporting mobile multimedia applications in NDN. We will give a new description based on SIP message exchange to support mobility in NDN. Then, two enhanced approaches are proposed to further improve the handoff performance in NDN for fast handoff and the low complexity of terminal. We evaluate the proposed scheme with the OPNET simulator. The results show that the proposed SIP-based scheme can well support mobility in NDN.

  2. Supporting Building Portfolio Investment and Policy Decision Making through an Integrated Building Utility Data Platform

    Energy Technology Data Exchange (ETDEWEB)

    Aziz, Azizan [Carnegie Mellon Univ., Pittsburgh, PA (United States); Lasternas, Bertrand [Carnegie Mellon Univ., Pittsburgh, PA (United States); Alschuler, Elena [US DOE; View Inc; Loftness, Vivian [Carnegie Mellon Univ., Pittsburgh, PA (United States); Wang, Haopeng [Carnegie Mellon Univ., Pittsburgh, PA (United States); Mo, Yunjeong [Carnegie Mellon Univ., Pittsburgh, PA (United States); Wang, Ting [Carnegie Mellon Univ., Pittsburgh, PA (United States); Zhang, Chenlu [Carnegie Mellon Univ., Pittsburgh, PA (United States); Sharma, Shilpi [Carnegie Mellon; Stevens, Ivana [Carnegie Mellon Univ., Pittsburgh, PA (United States)

    2016-03-18

    The American Recovery and Reinvestment Act stimulus funding of 2009 for smart grid projects resulted in the tripling of smart meters deployment. In 2012, the Green Button initiative provided utility customers with access to their real-time1 energy usage. The availability of finely granular data provides an enormous potential for energy data analytics and energy benchmarking. The sheer volume of time-series utility data from a large number of buildings also poses challenges in data collection, quality control, and database management for rigorous and meaningful analyses. In this paper, we will describe a building portfolio-level data analytics tool for operational optimization, business investment and policy assessment using 15-minute to monthly intervals utility data. The analytics tool is developed on top of the U.S. Department of Energy’s Standard Energy Efficiency Data (SEED) platform, an open source software application that manages energy performance data of large groups of buildings. To support the significantly large volume of granular interval data, we integrated a parallel time-series database to the existing relational database. The time-series database improves on the current utility data input, focusing on real-time data collection, storage, analytics and data quality control. The fully integrated data platform supports APIs for utility apps development by third party software developers. These apps will provide actionable intelligence for building owners and facilities managers. Unlike a commercial system, this platform is an open source platform funded by the U.S. Government, accessible to the public, researchers and other developers, to support initiatives in reducing building energy consumption.

  3. Predicting the Filial Behaviors of Chinese-Malaysian Adolescents from Perceived Parental Investments, Filial Emotions, and Parental Warmth and Support

    Science.gov (United States)

    Cheah, Charissa S. L.; Ozdemir, Sevgi Bayram; Leung, Christy Y. Y.

    2012-01-01

    The present study examined the mediating role of perceived parental warmth and support in predicting Chinese Malaysian adolescents' filial behaviors from their age, perceived parental investments, and positive filial emotions toward their parents. The effects of these predictors were examined separately for mothers and fathers. Participants…

  4. LoWMob: Intra-PAN Mobility Support Schemes for 6LoWPAN

    Directory of Open Access Journals (Sweden)

    Seung-Wha Yoo

    2009-07-01

    Full Text Available Mobility in 6LoWPAN (IPv6 over Low Power Personal Area Networks is being utilized in realizing many applications where sensor nodes, while moving, sense and transmit the gathered data to a monitoring server. By employing IEEE802.15.4 as a baseline for the link layer technology, 6LoWPAN implies low data rate and low power consumption with periodic sleep and wakeups for sensor nodes, without requiring them to incorporate complex hardware. Also enabling sensor nodes with IPv6 ensures that the sensor data can be accessed anytime and anywhere from the world. Several existing mobility-related schemes like HMIPv6, MIPv6, HAWAII, and Cellular IP require active participation of mobile nodes in the mobility signaling, thus leading to the mobility-related changes in the protocol stack of mobile nodes. In this paper, we present LoWMob, which is a network-based mobility scheme for mobile 6LoWPAN nodes in which the mobility of 6LoWPAN nodes is handled at the network-side. LoWMob ensures multi-hop communication between gateways and mobile nodes with the help of the static nodes within a 6LoWPAN. In order to reduce the signaling overhead of static nodes for supporting mobile nodes, LoWMob proposes a mobility support packet format at the adaptation layer of 6LoWPAN. Also we present a distributed version of LoWMob, named as DLoWMob (or Distributed LoWMob, which employs Mobility Support Points (MSPs to distribute the traffic concentration at the gateways and to optimize the multi-hop routing path between source and destination nodes in a 6LoWPAN. Moreover, we have also discussed the security considerations for our proposed mobility schemes. The performance of our proposed schemes is evaluated in terms of mobility signaling costs, end-to-end delay, and packet success ratio.

  5. LoWMob: Intra-PAN Mobility Support Schemes for 6LoWPAN.

    Science.gov (United States)

    Bag, Gargi; Raza, Muhammad Taqi; Kim, Ki-Hyung; Yoo, Seung-Wha

    2009-01-01

    Mobility in 6LoWPAN (IPv6 over Low Power Personal Area Networks) is being utilized in realizing many applications where sensor nodes, while moving, sense and transmit the gathered data to a monitoring server. By employing IEEE802.15.4 as a baseline for the link layer technology, 6LoWPAN implies low data rate and low power consumption with periodic sleep and wakeups for sensor nodes, without requiring them to incorporate complex hardware. Also enabling sensor nodes with IPv6 ensures that the sensor data can be accessed anytime and anywhere from the world. Several existing mobility-related schemes like HMIPv6, MIPv6, HAWAII, and Cellular IP require active participation of mobile nodes in the mobility signaling, thus leading to the mobility-related changes in the protocol stack of mobile nodes. In this paper, we present LoWMob, which is a network-based mobility scheme for mobile 6LoWPAN nodes in which the mobility of 6LoWPAN nodes is handled at the network-side. LoWMob ensures multi-hop communication between gateways and mobile nodes with the help of the static nodes within a 6LoWPAN. In order to reduce the signaling overhead of static nodes for supporting mobile nodes, LoWMob proposes a mobility support packet format at the adaptation layer of 6LoWPAN. Also we present a distributed version of LoWMob, named as DLoWMob (or Distributed LoWMob), which employs Mobility Support Points (MSPs) to distribute the traffic concentration at the gateways and to optimize the multi-hop routing path between source and destination nodes in a 6LoWPAN. Moreover, we have also discussed the security considerations for our proposed mobility schemes. The performance of our proposed schemes is evaluated in terms of mobility signaling costs, end-to-end delay, and packet success ratio.

  6. Life support technology investment strategies for flight programs: An application of decision analysis

    Science.gov (United States)

    Schlater, Nelson J.; Simonds, Charles H.; Ballin, Mark G.

    1993-01-01

    Applied research and technology development (R&TD) is often characterized by uncertainty, risk, and significant delays before tangible returns are obtained. Given the increased awareness of limitations in resources, effective R&TD today needs a method for up-front assessment of competing technologies to help guide technology investment decisions. Such an assessment approach must account for uncertainties in system performance parameters, mission requirements and architectures, and internal and external events influencing a development program. The methodology known as decision analysis has the potential to address these issues. It was evaluated by performing a case study assessment of alternative carbon dioxide removal technologies for NASA's proposed First Lunar Outpost program. An approach was developed that accounts for the uncertainties in each technology's cost and performance parameters as well as programmatic uncertainties such as mission architecture. Life cycle cost savings relative to a baseline, adjusted for the cost of money, was used as a figure of merit to evaluate each of the alternative carbon dioxide removal technology candidates. The methodology was found to provide a consistent decision-making strategy for development of new life support technology. The case study results provided insight that was not possible from more traditional analysis approaches.

  7. An efficient scheme for automatic web pages categorization using the support vector machine

    Science.gov (United States)

    Bhalla, Vinod Kumar; Kumar, Neeraj

    2016-07-01

    In the past few years, with an evolution of the Internet and related technologies, the number of the Internet users grows exponentially. These users demand access to relevant web pages from the Internet within fraction of seconds. To achieve this goal, there is a requirement of an efficient categorization of web page contents. Manual categorization of these billions of web pages to achieve high accuracy is a challenging task. Most of the existing techniques reported in the literature are semi-automatic. Using these techniques, higher level of accuracy cannot be achieved. To achieve these goals, this paper proposes an automatic web pages categorization into the domain category. The proposed scheme is based on the identification of specific and relevant features of the web pages. In the proposed scheme, first extraction and evaluation of features are done followed by filtering the feature set for categorization of domain web pages. A feature extraction tool based on the HTML document object model of the web page is developed in the proposed scheme. Feature extraction and weight assignment are based on the collection of domain-specific keyword list developed by considering various domain pages. Moreover, the keyword list is reduced on the basis of ids of keywords in keyword list. Also, stemming of keywords and tag text is done to achieve a higher accuracy. An extensive feature set is generated to develop a robust classification technique. The proposed scheme was evaluated using a machine learning method in combination with feature extraction and statistical analysis using support vector machine kernel as the classification tool. The results obtained confirm the effectiveness of the proposed scheme in terms of its accuracy in different categories of web pages.

  8. ABC Supported Handover Decision Scheme based on multi-PSO with Optimum Mutation

    Directory of Open Access Journals (Sweden)

    Xingwei Wang

    2011-08-01

    Full Text Available In this paper, a handover decision scheme with ABC (always best connected supported is proposed. With knowledge of fuzzy mathematics and microeconomics introduced, application types, QoS (quality of service requirements, access networks and terminals are described. With access network conditions, application requirements, user preferences to access network coding schemes, user preferences to access network providers, terminal velocities and terminal battery capacities considered comprehensively, an optimal handover solution of assigning N terminals to M access networks is found based on multi-PSO (particle swarm optimization with optimum mutation. With the help of gaming analysis, Pareto optimum under Nash equilibrium of both user utility and network provider utility is achieved or approached for the found solution. Simulation results showed that it was effective.

  9. A Tree Based Self-routing Scheme for Mobility Support in Wireless Sensor Networks

    Science.gov (United States)

    Kim, Young-Duk; Yang, Yeon-Mo; Kang, Won-Seok; Kim, Jin-Wook; An, Jinung

    Recently, WSNs (Wireless Sensor Networks) with mobile robot is a growing technology that offer efficient communication services for anytime and anywhere applications. However, the tiny sensor node has very limited network resources due to its low battery power, low data rate, node mobility, and channel interference constraint between neighbors. Thus, in this paper, we proposed a tree based self-routing protocol for autonomous mobile robots based on beacon mode and implemented in real test-bed environments. The proposed scheme offers beacon based real-time scheduling for reliable association process between parent and child nodes. In addition, it supports smooth handover procedure by reducing flooding overhead of control packets. Throughout the performance evaluation by using a real test-bed system and simulation, we illustrate that our proposed scheme demonstrates promising performance for wireless sensor networks with mobile robots.

  10. Developing long-term scenario forecasts to support electricity generation investment decisions

    CSIR Research Space (South Africa)

    Koen, Renée

    2014-09-01

    Full Text Available Many decisions regarding capital investment in electricity generation technologies need to be made well in advance, usually when there is still a large amount of uncertainty regarding the favourability of future conditions. There may be uncertainty...

  11. A Regional Decision Support Scheme for Pest Risk Analysis in Southeast Asia.

    Science.gov (United States)

    Soliman, T; MacLeod, A; Mumford, J D; Nghiem, T P L; Tan, H T W; Papworth, S K; Corlett, R T; Carrasco, L R

    2016-05-01

    A key justification to support plant health regulations is the ability of quarantine services to conduct pest risk analyses (PRA). Despite the supranational nature of biological invasions and the close proximity and connectivity of Southeast Asian countries, PRAs are conducted at the national level. Furthermore, some countries have limited experience in the development of PRAs, which may result in inadequate phytosanitary responses that put their plant resources at risk to pests vectored via international trade. We review existing decision support schemes for PRAs and, following international standards for phytosanitary measures, propose new methods that adapt existing practices to suit the unique characteristics of Southeast Asia. Using a formal written expert elicitation survey, a panel of regional scientific experts was asked to identify and rate unique traits of Southeast Asia with respect to PRA. Subsequently, an expert elicitation workshop with plant protection officials was conducted to verify the potential applicability of the developed methods. Rich biodiversity, shortage of trained personnel, social vulnerability, tropical climate, agriculture-dependent economies, high rates of land-use change, and difficulties in implementing risk management options were identified as challenging Southeast Asian traits. The developed methods emphasize local Southeast Asian conditions and could help support authorities responsible for carrying out PRAs within the region. These methods could also facilitate the creation of other PRA schemes in low- and middle-income tropical countries. © 2016 Society for Risk Analysis.

  12. Derisking Renewable Energy Investment. A Framework to Support Policymakers in Selecting Public Instruments to Promote Renewable Energy Investment in Developing Countries

    Energy Technology Data Exchange (ETDEWEB)

    Waissbein, Oliver; Glemarec, Yannick; Bayraktar, Hande; Schmidt, Tobias S.

    2013-03-15

    This report introduces an innovative framework to assist policymakers to quantitatively compare the impact of different public instruments to promote renewable energy. The report identifies the need to reduce the high financing costs for renewable energy in developing countries as an important task for policymakers acting today. The framework is structured in four stages: (i) risk environment, (ii) public instruments, (iii) levelised cost and (iv) evaluation. To illustrate how the framework can support decision-making in practice, the report presents findings from illustrative case studies in four developing countries. It then draws on these results to discuss possible directions for enhancing public interventions to scale-up renewable energy investment. UNDP is also releasing a financial tool for policymakers to accompany the framework. The financial tool is available for download on the UNDP website.

  13. Laser-only experiments in support of the MagLIF scheme

    Science.gov (United States)

    Harvey-Thompson, Adam; Slutz, Stephen; Sefkow, Adam; Bliss, David; Geissel, Matthias; Gomez, Matthew; Harding, Eric; Sinars, Daniel; Smith, Ian; Fiksel, Gennady; Wei, Mingsheng

    2013-10-01

    The MagLIF inertial confinement fusion scheme involves imploding a cylindrical liner with the 24 MA, 100 ns rise-time current pulse delivered by the Z generator which compresses a D2 fuel that is magnetized with an external magnetic field and preheated with an energy source - currently the 2.5 kJ Z-Beamlet laser. For this scheme to be successful, laser energy has to be coupled effectively into the fuel and electron thermal conduction needs to be suppressed by the applied magnetic field. Laser only experiments at ZBL and Omega EP can potentially test these aspects of the scheme, exploring the physics and aiding target design. Completed and planned experiments are discussed. This work was supported by Sandia National Laboratories, a multi-program laboratory managed and operated by Sandia Corporation, a wholly owned subsidiary of Lockheed Martin Corporation, for the U.S. DoE's NNSA under contract DE-AC04-94AL85000.

  14. Traffic-aware energy saving scheme with modularization supporting in TWDM-PON

    Science.gov (United States)

    Xiong, Yu; Sun, Peng; Liu, Chuanbo; Guan, Jianjun

    2017-01-01

    Time and wavelength division multiplexed passive optical network (TWDM-PON) is considered to be a primary solution for next-generation passive optical network stage 2 (NG-PON2). Due to the feature of multi-wavelength transmission of TWDM-PON, some of the transmitters/receivers at the optical line terminal (OLT) could be shut down to reduce the energy consumption. Therefore, a novel scheme called traffic-aware energy saving scheme with modularization supporting is proposed. Through establishing the modular energy consumption model of OLT, the wavelength transmitters/receivers at OLT could be switched on or shut down adaptively depending on sensing the status of network traffic load, thus the energy consumption of OLT will be effectively reduced. Furthermore, exploring the technology of optical network unit (ONU) modularization, each module of ONU could be switched to sleep or active mode independently in order to reduce the energy consumption of ONU. Simultaneously, the polling sequence of ONU could be changed dynamically via sensing the packet arrival time. In order to guarantee the delay performance of network traffic, the sub-cycle division strategy is designed to transmit the real-time traffic preferentially. Finally, simulation results verify that the proposed scheme is able to reduce the energy consumption of the network while maintaining the traffic delay performance.

  15. Sensor proxy mobile IPv6 (SPMIPv6)--a novel scheme for mobility supported IP-WSNs.

    Science.gov (United States)

    Islam, Md Motaharul; Huh, Eui-Nam

    2011-01-01

    IP based Wireless Sensor Networks (IP-WSNs) are gaining importance for their broad range of applications in health-care, home automation, environmental monitoring, industrial control, vehicle telematics and agricultural monitoring. In all these applications, mobility in the sensor network with special attention to energy efficiency is a major issue to be addressed. Host-based mobility management protocols are not suitable for IP-WSNs because of their energy inefficiency, so network based mobility management protocols can be an alternative for the mobility supported IP-WSNs. In this paper we propose a network based mobility supported IP-WSN protocol called Sensor Proxy Mobile IPv6 (SPMIPv6). We present its architecture, message formats and also evaluate its performance considering signaling cost, mobility cost and energy consumption. Our analysis shows that with respect to the number of IP-WSN nodes, the proposed scheme reduces the signaling cost by 60% and 56%, as well as the mobility cost by 62% and 57%, compared to MIPv6 and PMIPv6, respectively. The simulation results also show that in terms of the number of hops, SPMIPv6 decreases the signaling cost by 56% and 53% as well as mobility cost by 60% and 67% as compared to MIPv6 and PMIPv6 respectively. It also indicates that proposed scheme reduces the level of energy consumption significantly.

  16. Investment Decision Support for Engineering Projects Based on Risk Correlation Analysis

    Directory of Open Access Journals (Sweden)

    Yan Liu

    2012-01-01

    Full Text Available Investment decisions are usually made on the basis of the subjective judgments of experts subjected to the information gap during the preliminary stages of a project. As a consequence, a series of errors in risk prediction and/or decision-making will be generated leading to out of control investment and project failure. In this paper, the variable fuzzy set theory and intelligent algorithms integrated with case-based reasoning are presented. The proposed algorithm manages the numerous fuzzy concepts and variable factors of a project and also sets up the decision-making process in accordance with past cases and experiences. Furthermore, it decreases the calculation difficulty and reduces the decision-making reaction time. Three types of risk correlations combined with different characteristics of engineering projects are summarized, and each of these correlations is expounded at the project investment decision-making stage. Quantitative and qualitative change theories of variable fuzzy sets are also addressed for investment risk warning. The approach presented in this paper enables the risk analysis in a simple and intuitive manner and realizes the integration of objective and subjective risk assessments within the decision-makers' risk expectation.

  17. A Novel Homogenous Hybridization Scheme for Performance Improvement of Support Vector Machines Regression in Reservoir Characterization

    Directory of Open Access Journals (Sweden)

    Kabiru O. Akande

    2016-01-01

    Full Text Available Hybrid computational intelligence is defined as a combination of multiple intelligent algorithms such that the resulting model has superior performance to the individual algorithms. Therefore, the importance of fusing two or more intelligent algorithms to achieve better performance cannot be overemphasized. In this work, a novel homogenous hybridization scheme is proposed for the improvement of the generalization and predictive ability of support vector machines regression (SVR. The proposed and developed hybrid SVR (HSVR works by considering the initial SVR prediction as a feature extraction process and then employs the SVR output, which is the extracted feature, as its sole descriptor. The developed hybrid model is applied to the prediction of reservoir permeability and the predicted permeability is compared to core permeability which is regarded as standard in petroleum industry. The results show that the proposed hybrid scheme (HSVR performed better than the existing SVR in both generalization and prediction ability. The outcome of this research will assist petroleum engineers to effectively predict permeability of carbonate reservoirs with higher degree of accuracy and will invariably lead to better reservoir. Furthermore, the encouraging performance of this hybrid will serve as impetus for further exploring homogenous hybrid system.

  18. ICT-enabled Social Innovation in support of the Implementation of the Social Investment Package (IESI) - Mapping and analysis of ICT-Enabled Social Innovation initiatives promoting social investment through integrated approaches to the provision of social services

    OpenAIRE

    MISURACA GIANLUCA; COLOMBO VILARRASA CLELIA; KUCSERA CSABA; CARRETERO GOMEZ STEPHANIE; BACIGALUPO MARGHERITA; Radescu, Raluca

    2015-01-01

    This report presents the results of the mapping and analysis of ICT-enabled social innovation initiatives promoting social investment through integrated approaches to the provision of social services, which was conducted as part of the research on ICT-Enabled Social Innovation in support of the Social Investment Package (SIP). The main goal of the research carried out by the European Commission's JRC-IPTS jointly with the Directorate General Employment, Social Affairs and Inclusion, was to ex...

  19. EQUIPT: supporting European stakeholders to make decisions about investment in evidence-based tobacco control

    Directory of Open Access Journals (Sweden)

    Silvia Evers

    2016-03-01

    Full Text Available EQUIPT brings together expertise from multiple disciplines and aims to provide policy makers and wider stakeholders with bespoke information about the economic and wider returns that investing in evidence-based tobacco control including smoking cessation agendas can generate. Led by Health Economics Research Group (HERG at Brunel University, London, EQUIPT is a partnership of 11 consortium members from 7 member states – Belgium, Croatia, Germany, Hungary, the Netherlands, Spain and the UK.

  20. Study of dynamic pressure roadway supporting scheme under condition of thick composite roof

    Institute of Scientific and Technical Information of China (English)

    Wei-Jun WANG; Li-Qiang LUO; Wei-Jian YU; Hai WU; Yan-Si QU

    2013-01-01

    This paper analyzed the strata behaviors of solid-coal roadway,gob-side entry driving and deformation law of surrounding rock in depth under high stress and thick composite roof based on the dynamic pressure roadway as engineering background in Fengcheng mining area,Jiangxi province.The results,both field measurement andnumerical simulation show that gob-side entry driving results the deformation of coal roadway main wall,however,entity-coal roadway driving results deformation of main roof and floor.The maintenance state of gob-side entry driving is better than entity-coal roadway,this situation is relevant to thick composite roof layered and easy collapse characteristics.At the same time,this paper put forward and proved proper dynamic pressure roadway supporting scheme under the surrounding rock condition and stress environment.

  1. Renewable energies for the South. New support for clean energy investment in developing countries

    Energy Technology Data Exchange (ETDEWEB)

    Jung, W.; Schmitz-Borchert, H.P. (eds.)

    2001-07-01

    At the beginning of the 21st century there are still more than two billion people in the world without access to electricity and basic energy services. 'Energy poverty' impedes sustainable economic, social and environmental development of rural areas in developing countries. Large-scale diffusion of renewable energy technologies can help to overcome this situation. Major barriers are now beginning to be removed. This volume is the result of an international symposium on 'Renewable Energies for the South', held at the Science Park Gelsenkirchen, Gelsenkirchen/Germany. In took place on June 5-6, 2000 with more than 200 participants from 27 countries. The conference aimed at enhancing the dialogue between the multiple groups and actors involved in the development, transfer and application of renewable energy technologies. The following issues are covered in this book: - technology needs and framework conditions in developing countries - appropriate renewable energy technologies - financing renewable energy investment - capacity building and training programmes. (orig.)

  2. 'Tropicalisation' of feed-in tariffs. A custom-made support scheme for hybrid PV/diesel systems in isolated regions

    Energy Technology Data Exchange (ETDEWEB)

    Solano-Peralta, Mauricio; Van Sark, Wilfried G.J.H.M. [Department of Science, Technology and Society, Copernicus Institute for Sustainable Development and Innovation, Utrecht University, Heidelberglaan 2, 3584 CS Utrecht (Netherlands); Moner-Girona, Magda [Renewable Energies Unit, Institute for Energy, European Commission-Joint Research Centre, Via E. Fermi 2749 - TP 450 I-21027 Ispra (Italy); Vallve, Xavier [Trama Tecnoambiental, Ripolles 46, 08026 Barcelona (Spain)

    2009-12-15

    The interest and actions towards introducing renewables for off-grid regions has increased due to their ostensible cost-effectiveness, eco-friendliness and quality services provided. Nevertheless, in many isolated areas diesel generators appear as a common option, confirming that there is a need for financial support mechanisms that aid the introduction of renewables due to their higher initial investment costs. This paper proposes a so-called 'tropicalisation' of the Feed-in Tariff scheme to promote the introduction of hybrid systems in isolated communities based on the idea of awarding for each kWh produced by renewable energies a premium value during a guaranteed period of time. The proposed Renewable Energy Premium Tariff (RPT) scheme is an alternative mechanism to the usual initial investment donation for off-grid energy development projects by recognising the production of renewable electricity and opting for a long-term sustainability of the projects. Ecuador presents ideal conditions to study the introduction of such a 'tropicalised' scheme since a Feed-in Law including off-grid projects was established in 2002 and since there are governmental and local efforts for the introduction of renewable hybrids in isolated regions. Modelling of the introduction of photovoltaics (PVs) into diesel systems for several mini-grids located in isolated regions of Ecuador has been performed, and included a detailed financial analysis for optimisation of RPT values and a comparison with existing stand-alone diesel systems. The results show the cost-effectiveness of PV/diesel hybrids over diesel gensets, taking into account present and future diesel prices. To obtain long-term sustainability of the project, the RPT values are set at 0.70-1.20$kWh covering the operability of the whole system for 20 years, where the renewable fraction should have the largest share in the hybrid system. The proposed mechanism is expected to aid the introduction of renewable

  3. Computer-Based Decision Support for Railroad Transportation Systems: an Investment Case Study

    Directory of Open Access Journals (Sweden)

    Luminita DUTA

    2009-01-01

    Full Text Available In the last decade the development of the economical and social life increased the complexity of transportation systems. In this context, the role of Decision Support Systems (DSS became more and more important. The paper presents the characteristics, necessity, and usage of DSS in transportation and describes a practical application in the railroad field. To compute the optimal transportation capacity and flow on a certain railroad, specialized decision-support software which is available on the market was used.

  4. Modeling and Analysis in Support of Decision Making for Technological Investment

    Energy Technology Data Exchange (ETDEWEB)

    Lenhart, S

    2003-06-11

    Engineering design, resource allocation, military operations, and investment strategies share a major common trait, which is, to a large extent, independent of their different origins, specific features, and intended goals. The unifying trait is the fact that, in any of these endeavors, one has to make reasonable choices, at multiple levels of decision making, among various possible and sometimes competing prospective solutions to an important and consequential practical problem. While the specifics of the problem depend on application, context, additional constraints, etc., the ultimate--albeit imprecise--goal in all these activities is to ''optimize performance,'' which is to have maximal success/profit/return with minimal time/effort/investment. In general, the underlying system is ruled by complex and often unknown dynamics, and affected by various uncertainties, which are unknown as well; on the other hand, there are numerous levels of decision making, which result in a hierarchical structure in the decision process (tree) that is both asynchronous and non-deterministic. Usually, indifferent of the specific application, as one lowers the level of decision making, alternatives depend on fewer independent variables and models become more detailed and physics/engineering based. On the contrary, at higher levels, various components aggregate and decision making is based more on fuzzier criteria instead of readily quantifiable physics/engineering details. Moreover, decisions are strongly influenced by the educational and personal biases of the people who take them. In some instances, this may blur, if not totally obfuscate objective comparisons between various options. Therefore, a crucial point in decision-making is properly understanding and quantifying the tradeoffs, including all their future relevant consequences. Since the interaction between various choices is an intricate nonlinear process, the focus shifts from the dynamics itself to

  5. Semiactive balancing control scheme in a rotor - bearing system supported on Mr. Dampers: design and experiments

    Energy Technology Data Exchange (ETDEWEB)

    Silva Navarro, Gerardo; Cabrera Amado, Alvaro [Cinvestav, IPN, Mexico, D.F. (Mexico)

    2007-11-15

    This paper deals with the problem of semiactive balancing control of a rotor-bearing system, where one journal bearings is supported on two radial Magneto-Rheological (MR) dampers. The mathematical model of the rotor-bearing system results from an orthotropic Jeffcott-like model and the dynamics associated to the MR dampers, whose rheological properties depend on the current inputs. For control purposes we use the Choi-Lee-Park polynomial for the MR dampers, which is quite consistent with the tpical nonlinear and complex hysteresis behavior and also simplifies the physical implementation on an experimental setup. The semiactive control scheme for the unbalance reponse of the rotor-bearing system is synthesized using sliding-mode control techniques. Some numerical and experimental results are included to illustrate the dynamic performance and robustness of the overall system. [Spanish] En este trabajo se abora el problema de control semiactivo del desbalance en un sistema rotor-chumacera, donde una de las chumaceras convencionales se monta sobre una suspension con dos amortiguadores Magneto-Reologicos (MR) radiales. El modelo matematico del sistema rotorchumacera se obtiene de un modelo tipo Jefcott ortotropico y la dinamica de los amortiguadores MR, cuyas propiedades reologicas dependen de las corrientes electricas de alimentacion. Para propositos de control se emplea el modelo polinomial de Choi-Lee-Park para los dos amortiguadores MR, el cual es consistente con el tipico comportamiento no-lineal y de histeresis, permitiendo simplificar su implementacion fisica en una plataforma experimental. El esquema de control semiactivo de la respuesta al desbalance, en el sistema rotor-chumacera, se basa en las tecnicas de control por modos deslizantes. Se presentan algunos resultados de simulacion numerica y experimentos que utilizan el funcionamiento y robustez del sistema completo.

  6. Effect of Occlusal Scheme on the Pressure Distribution of Complete Denture Supporting Tissues: An In Vitro Study

    Science.gov (United States)

    Madalli, Poornima; Murali, C R; Subhas, Sambit; Garg, Surbhi; Shahi, Prinka; Parasher, Pragati

    2015-01-01

    Background: The complete denture teeth arrangement that gives maximum denture stability, comfort, esthetics, and function have been studied since several years. Many occlusal schemes have been advised in which the lingualized occlusion, balanced occlusion, and monoplane occlusion are advocated most popularly. The purpose of this study was to compare the pressure values on the supporting tissue using three diff erent posterior occlusal schemes: Balanced occlusion, lingualized occlusion, and monoplane occlusion in simulated dentures Materials and Methods: The simulators used in this study, composed of the maxillary, and mandibular clear heat cure acrylic resin edentulous models. Pressures on the supporting structure under the complete denture were measured using eight strain gauges placed on the model surface on the buccal and lingual slopes of the ridges on the molar and pre-molar region. Pressure on the supporting structure was measured and signals from the sensors were amplifi ed and recorded by the multi-channel electronic strain indicator. Results: The mean pressure which was obtained at each measurement point was compared by one-way ANOVA test. Conclusion: Overall monoplane occlusion had lesser pressure values compared to completely balanced and lingualized occlusal scheme. Lingualized occlusal scheme was found to transfer stresses from working side to non-working side to stabilize the mandibular denture. PMID:26668486

  7. Modeling Sustainment Investment

    Science.gov (United States)

    2015-05-01

    forecast the consequences of various alternatives? Sustainment Investment: the Problem Operations Supplying the fleet, customer support, etc...Modeling Sustainment Investment May 2015 © 2015 Carnegie Mellon University Context We are managing the sustainment of a system. • Some modernization ...Modeling Sustainment Investment May 2015 © 2015 Carnegie Mellon University The process is inside the gray box. Customers are outside. Work input

  8. Investment Casting for Aluminum Alloy U Support Frame%铝合金U形支架熔模铸造

    Institute of Scientific and Technical Information of China (English)

    朱三湖

    2001-01-01

    A series of measures were used for problem solution of U support frame in investment casting. Horizontal top gating system is superior in four kinds of gating systems. The casting yield is up to 80% using the horizontal top gating system, which is the twice or more than those of three kinds of gating system.%针对U形支架熔模铸造难点,采取了一系列措施。在底注加顶注、反向底注加顶注、反向侧 注加顶注、卧式顶注4种浇注系统中,卧式顶注最优,其铸件成品率达80%,是其他3种浇注系统铸件成品率的2倍或2倍以上。

  9. A methodology to support the decision to invest in spatially variable nitrogen fertilisation

    NARCIS (Netherlands)

    Smit, A.B.; Stoorvogel, J.J.; Wossink, G.A.A.

    2000-01-01

    This paper reports a methodology to define and select basic activities for spatially variable N-management, referred to as management tracks. Their main purpose is to support decision making whether or not to apply variable nitrogen fertilisation. The methodology is based on biophysical simulation o

  10. A Hybrid Sales Forecasting Scheme by Combining Independent Component Analysis with K-Means Clustering and Support Vector Regression

    Science.gov (United States)

    2014-01-01

    Sales forecasting plays an important role in operating a business since it can be used to determine the required inventory level to meet consumer demand and avoid the problem of under/overstocking. Improving the accuracy of sales forecasting has become an important issue of operating a business. This study proposes a hybrid sales forecasting scheme by combining independent component analysis (ICA) with K-means clustering and support vector regression (SVR). The proposed scheme first uses the ICA to extract hidden information from the observed sales data. The extracted features are then applied to K-means algorithm for clustering the sales data into several disjoined clusters. Finally, the SVR forecasting models are applied to each group to generate final forecasting results. Experimental results from information technology (IT) product agent sales data reveal that the proposed sales forecasting scheme outperforms the three comparison models and hence provides an efficient alternative for sales forecasting. PMID:25045738

  11. A Hybrid Sales Forecasting Scheme by Combining Independent Component Analysis with K-Means Clustering and Support Vector Regression

    Directory of Open Access Journals (Sweden)

    Chi-Jie Lu

    2014-01-01

    Full Text Available Sales forecasting plays an important role in operating a business since it can be used to determine the required inventory level to meet consumer demand and avoid the problem of under/overstocking. Improving the accuracy of sales forecasting has become an important issue of operating a business. This study proposes a hybrid sales forecasting scheme by combining independent component analysis (ICA with K-means clustering and support vector regression (SVR. The proposed scheme first uses the ICA to extract hidden information from the observed sales data. The extracted features are then applied to K-means algorithm for clustering the sales data into several disjoined clusters. Finally, the SVR forecasting models are applied to each group to generate final forecasting results. Experimental results from information technology (IT product agent sales data reveal that the proposed sales forecasting scheme outperforms the three comparison models and hence provides an efficient alternative for sales forecasting.

  12. Analysing the interactions between renewable energy promotion and energy efficiency support schemes: The impact of different instruments and design elements

    Energy Technology Data Exchange (ETDEWEB)

    Rio, Pablo del, E-mail: pablo.delrio@cchs.csic.e [Instituto de Politicas y Bienes Publicos, Consejo Superior de Investigaciones Cientificas (CSIC), C/Albasanz 26-28, 28037 Madrid (Spain)

    2010-09-15

    CO{sub 2} emissions reduction, renewable energy deployment and energy efficiency are three main energy/environmental goals, particularly in Europe. Their relevance has led to the implementation of support schemes in these realms. Their coexistence may lead to overlaps, synergies and conflicts between them. The aim of this paper is to analyse the interactions between energy efficiency measures and renewable energy promotion, whereas previous analyses have focused on the interactions between emissions trading schemes (ETS) and energy efficiency measures and ETS and renewable energy promotion schemes. Furthermore, the analysis in this paper transcends the 'certificate' debate (i.e., tradable green and white certificates) and considers other instruments, particularly feed-in tariffs for renewable electricity. The goal is to identify positive and negative interactions between energy efficiency and renewable electricity promotion and to assess whether the choice of specific instruments and design elements within those instruments affects the results of the interactions.

  13. Analysing the interactions between renewable energy promotion and energy efficiency support schemes. The impact of different instruments and design elements

    Energy Technology Data Exchange (ETDEWEB)

    Del Rio, Pablo [Instituto de Politicas y Bienes Publicos, Consejo Superior de Investigaciones Cientificas (CSIC), C/Albasanz 26-28, 28037 Madrid (Spain)

    2010-09-15

    CO{sub 2} emissions reduction, renewable energy deployment and energy efficiency are three main energy/environmental goals, particularly in Europe. Their relevance has led to the implementation of support schemes in these realms. Their coexistence may lead to overlaps, synergies and conflicts between them. The aim of this paper is to analyse the interactions between energy efficiency measures and renewable energy promotion, whereas previous analyses have focused on the interactions between emissions trading schemes (ETS) and energy efficiency measures and ETS and renewable energy promotion schemes. Furthermore, the analysis in this paper transcends the certificate debate (i.e., tradable green and white certificates) and considers other instruments, particularly feed-in tariffs for renewable electricity. The goal is to identify positive and negative interactions between energy efficiency and renewable electricity promotion and to assess whether the choice of specific instruments and design elements within those instruments affects the results of the interactions. (author)

  14. Network Regulation and Support Schemes - How Policy Interactions Affect the Integration of Distributed Generation

    DEFF Research Database (Denmark)

    Ropenus, Stephanie; Jacobsen, Henrik; Schröder, Sascha Thorsten

    2011-01-01

    -off between the incentives for these two market agents to facilitate the integration of distributed generation. Secondly, the interaction of these policy dimensions is analyzed, including case studies based on five EU Member States. Aspects of operational nature and investments in grid and distributed...... generation facilities are covered. The question in which policy segment to incorporate locational signals is at the heart of the debate...

  15. IMPLEMENTATION OF OPEN-SOURCE WEB MAPPING TECHNOLOGIES TO SUPPORT MONITORING OF GOVERNMENTAL SCHEMES

    Directory of Open Access Journals (Sweden)

    B. R. Pulsani

    2015-10-01

    Full Text Available Several schemes are undertaken by the government to uplift social and economic condition of people. The monitoring of these schemes is done through information technology where involvement of Geographic Information System (GIS is lacking. To demonstrate the benefits of thematic mapping as a tool for assisting the officials in making decisions, a web mapping application for three government programs such as Mother and Child Tracking system (MCTS, Telangana State Housing Corporation Limited (TSHCL and Ground Water Quality Mapping (GWQM has been built. Indeed the three applications depicted the distribution of various parameters thematically and helped in identifying the areas with higher and weaker distributions. Based on the three applications, the study tends to find similarities of many government schemes reflecting the nature of thematic mapping and hence deduces to implement this kind of approach for other schemes as well. These applications have been developed using SharpMap Csharp library which is a free and open source mapping library for developing geospatial applications. The study highlights upon the cost benefits of SharpMap and brings out the advantage of this library over proprietary vendors and further discusses its advantages over other open source libraries as well.

  16. Hydrogeological modelling of the Atlantis aquifer for management support to the Atlantis water supply scheme

    CSIR Research Space (South Africa)

    Jovanovic, Nebo

    2017-01-01

    Full Text Available The Atlantis Water Supply Scheme (AWSS, Western Cape, South Africa) has been in operation for about 40 years as a means to supply and augment drinking water to the town of Atlantis via managed aquifer recharge (MAR). In this study, the numerical...

  17. Personalization, Self-Advocacy and Inclusion: An Evaluation of Parent-Initiated Supported Living Schemes for People with Intellectual and Developmental Disabilities in the Netherlands

    Science.gov (United States)

    Reindl, Marie-Sol; Waltz, Mitzi; Schippers, Alice

    2016-01-01

    This study focused on parent-initiated supported living schemes in the South of the Netherlands and the ability of these living schemes to enhance participation, choice, autonomy and self-advocacy for people with intellectual or developmental disabilities through personalized planning, support and care. Based on in-depth interviews with tenants,…

  18. Developing empirically supported theories of change for housing investment and health.

    Science.gov (United States)

    Thomson, Hilary; Thomas, Sian

    2015-01-01

    The assumption that improving housing conditions can lead to improved health may seem a self-evident hypothesis. Yet evidence from intervention studies suggests small or unclear health improvements, indicating that further thought is required to refine this hypothesis. Articulation of a theory can help avoid a black box approach to research and practice and has been advocated as especially valuable for those evaluating complex social interventions like housing. This paper presents a preliminary theory of housing improvement and health based on a systematic review conducted by the authors. Following extraction of health outcomes, data on all socio-economic impacts were extracted by two independent reviewers from both qualitative and quantitative studies. Health and socio-economic outcome data from the better quality studies (n = 23/34) were mapped onto a one page logic models by two independent reviewers and a final model reflecting reviewer agreement was prepared. Where there was supporting evidence of links between outcomes these were indicated in the model. Two models of specific improvements (warmth & energy efficiency; and housing led renewal), and a final overall model were prepared. The models provide a visual map of the best available evidence on the health and socio-economic impacts of housing improvement. The use of a logic model design helps to elucidate the possible pathways between housing improvement and health and as such might be described as an empirically based theory. Changes in housing factors were linked to changes in socio-economic determinants of health. This points to the potential for longer term health impacts which could not be detected within the lifespan of the evaluations. The developed theories are limited by the available data and need to be tested and refined. However, in addition to providing one page summaries for evidence users, the theory may usefully inform future research on housing and health.

  19. Targeting and valuing conservation investments in support of a water fund: linking upstream land management with downstream services in the Upper Tana catchment, Kenya

    Science.gov (United States)

    Bryant, B. P.; Droogers, P.; Hunink, J.; Vogl, A.; Wolny, S.

    2014-12-01

    We apply an integrated modeling framework to both target and value watershed management interventions in the Upper Tana watershed, which provides municipal water, irrigation water, and hydropower services to Nairobi and surrounding areas. The analysis begins by applying an index model approach that incorporates existing land use and land surface characteristics to prioritize the type and location of conservation investments in different subbasins, subject to budget constraints and stakeholder concerns (Resource Investment Optimization System -- RIOS). We then run the Soil and Water Assessment Tool (SWAT) using the RIOS-identified investment scenarios to produce spatially explicit scenarios that simulate changes in water yield and suspended sediment. Finally, we link those biophysical outputs to monetary and non-monetary human well-being metrics for multiple benefit streams, including: Reduced water treatment costs, increased hydropower production, and crop yield benefits for upstream farmers in the conservation area. The viability of a payment for watershed services scheme is discussed, with attention to the various components of value assessed and to dependencies on water management approaches. While other studies have examined links between land use and the provision of hydrologic services, this study is novel in that it presents an integrated analysis that targets interventions in a decision context and then relies on calibrated, process-based, biophysical models to demonstrate the return on those investments considering multiple (and sometimes competing) hydrological services, doing so at a sub-annual time-scale.

  20. Short communication: East-West European farm investment behaviour - The role of financial constraints and public support

    Directory of Open Access Journals (Sweden)

    Imre Fertő

    2017-04-01

    Full Text Available The article investigated farm investment behaviour among East (Hungarian and Slovenian and West (French European Union farms using individual farm accountancy panel data for the 2003-2008 period. Despite differences in farm structures, except for the presence of capital market imperfections evidenced in the East, farms’ investment behaviour was not substantially different. Farm gross investment was positively associated with real sales’ growth. In addition, it was positively associated with public investment subsidies which can mitigate capital market imperfections in the short-term. On the long run, the farm’s ability to successfully compete in the output market by selling produce and securing a sufficient cash flow for investment is crucial.

  1. Guiding Overseas Investment

    Institute of Scientific and Technical Information of China (English)

    LAN XINZHEN

    2010-01-01

    @@ In line with China's economic development,a policy introduced earlier this year was meant to optimize the structure of and serve as a guideline in utilizing foreign capital and dircct such investment to China's central and western regions. Now, a new scheme is dem-onstrating the Chinese Government's determi-nation and confidence to further improve the investment environment for foreign capital and enhance its policy initiative.

  2. An energy-efficient and compact clustering scheme with temporary support nodes for cognitive radio sensor networks.

    Science.gov (United States)

    Salim, Shelly; Moh, Sangman; Choi, Dongmin; Chung, Ilyong

    2014-08-11

    A cognitive radio sensor network (CRSN) is a wireless sensor network whose sensor nodes are equipped with cognitive radio capability. Clustering is one of the most challenging issues in CRSNs, as all sensor nodes, including the cluster head, have to use the same frequency band in order to form a cluster. However, due to the nature of heterogeneous channels in cognitive radio, it is difficult for sensor nodes to find a cluster head. This paper proposes a novel energy-efficient and compact clustering scheme named clustering with temporary support nodes (CENTRE). CENTRE efficiently achieves a compact cluster formation by adopting two-phase cluster formation with fixed duration. By introducing a novel concept of temporary support nodes to improve the cluster formation, the proposed scheme enables sensor nodes in a network to find a cluster head efficiently. The performance study shows that not only is the clustering process efficient and compact but it also results in remarkable energy savings that prolong the overall network lifetime. In addition, the proposed scheme decreases both the clustering overhead and the average distance between cluster heads and their members.

  3. The influence of wearing schemes and supportive telephone calls on adherence in accelerometry measurement: results of a randomized controlled trial

    Science.gov (United States)

    van den Berg, Neeltje; Ulbricht, Sabina; Schwaneberg, Thea; Weitmann, Kerstin; Weymar, Franziska; Groß, Stefan; Dörr, Marcus; Hoffmann, Wolfgang

    2017-01-01

    Background Physical activity (PA) can be assessed by accelerometer monitors. However, a high adherence to wearing this device is essential to obtain valid data. In this study, the influence of different wearing schemes and additional supportive phone calls (SPCs) on adherence was examined. Methods A randomized study with four groups was conducted in the context of a health examination program among participants aged 40–75 years without a history of cardiovascular diseases. Participants were recruited in different settings (general medical practices, job center, and health insurance). The participants were asked to wear an accelerometer for 7 consecutive days according to the wearing scheme “day and night” or “day only” and received or did not receive SPCs. Full adherence was defined as a total wearing time of 98 hours (between 8 am and 10 pm during 7 days). A generalized linear model was used to calculate the difference between the maximum possible and the observed adherence. Results Adherence could be assessed for 249 participants (mean age: 56.40 years; standard deviation [SD] 9.83, 40% males). The mean wearing time was 84.04 hours (SD 20.75). Participants with the wearing scheme day and night were significantly more adherent than participants with the wearing scheme day only (incidence rate ratio [IRR] 0.63; P=0.005). SPCs had no additional effect on adherence (IRR 0.80; P=0.168). Conclusion To assess PA, the wearing scheme day and night provides the best possible adherence in this group of participants. Further studies are necessary to examine adherence and the effects of additional SPCs in other samples or settings.

  4. 过程工业的投资决策支持系统%An Investment Decision Support System for Process Industries

    Institute of Scientific and Technical Information of China (English)

    周章玉; 成思危; 华贲; 曾敏刚; 尹清华

    2001-01-01

    Most studies on investment evaluation mainly focus on enterprise economic benefits only, without process operability and sustainability considered. In this paper, we suggest that investment evaluation in process industries should be executed under three strategic objectives-enterprise benefits, social benefits and customer benefits. A systematic investment evaluation and decision-making method with a four-step procedure based on the analytic hierarchy process (AHP) is proposed to evaluate various qualitative and quantitative elements with various criteria. At the first step, the decision hierarchy is constructed under the three strategic objectives. Second, pair-wise comparison is utilized to evaluate the weights of elements and criteria. Third, qualitative elements are quantified by pair-wise comparison and quantitative elements are re-scaled by a uniform criterion. At the last, the best choice is made through synthesizing values upward in the hierarchy. An investment decision support system (DSS) is developed based on Microsoft Excel, and applied to a retrofit investment of united fluid catalytic cracking(FCC) and liquefied gas separation process in a refinery plant.``

  5. Proof of concept for a banding scheme to support risk assessments related to multi-product biologics manufacturing.

    Science.gov (United States)

    Card, Jeffrey W; Fikree, Hana; Haighton, Lois A; Blackwell, James; Felice, Brian; Wright, Teresa L

    2015-11-01

    A banding scheme theory has been proposed to assess the potency/toxicity of biologics and assist with decisions regarding the introduction of new biologic products into existing manufacturing facilities. The current work was conducted to provide a practical example of how this scheme could be applied. Information was identified for representatives from the following four proposed bands: Band A (lethal toxins); Band B (toxins and apoptosis signals); Band C (cytokines and growth factors); and Band D (antibodies, antibody fragments, scaffold molecules, and insulins). The potency/toxicity of the representative substances was confirmed as follows: Band A, low nanogram quantities exert lethal effects; Band B, repeated administration of microgram quantities is tolerated in humans; Band C, endogenous substances and recombinant versions administered to patients in low (interferons), intermediate (growth factors), and high (interleukins) microgram doses, often on a chronic basis; and Band D, endogenous substances present or produced in the body in milligram quantities per day (insulin, collagen) or protein therapeutics administered in milligram quantities per dose (mAbs). This work confirms that substances in Bands A, B, C, and D represent very high, high, medium, and low concern with regard to risk of cross-contamination in manufacturing facilities, thus supporting the proposed banding scheme.

  6. Retention payoff-based cost per day open regression equations: Application in a user-friendly decision support tool for investment analysis of automated estrus detection technologies.

    Science.gov (United States)

    Dolecheck, K A; Heersche, G; Bewley, J M

    2016-12-01

    Assessing the economic implications of investing in automated estrus detection (AED) technologies can be overwhelming for dairy producers. The objectives of this study were to develop new regression equations for estimating the cost per day open (DO) and to apply the results to create a user-friendly, partial budget, decision support tool for investment analysis of AED technologies. In the resulting decision support tool, the end user can adjust herd-specific inputs regarding general management, current reproductive management strategies, and the proposed AED system. Outputs include expected DO, reproductive cull rate, net present value, and payback period for the proposed AED system. Utility of the decision support tool was demonstrated with an example dairy herd created using data from DairyMetrics (Dairy Records Management Systems, Raleigh, NC), Food and Agricultural Policy Research Institute (Columbia, MO), and published literature. Resulting herd size, rolling herd average milk production, milk price, and feed cost were 323 cows, 10,758kg, $0.41/kg, and $0.20/kg of dry matter, respectively. Automated estrus detection technologies with 2 levels of initial system cost (low: $5,000 vs. high: $10,000), tag price (low: $50 vs. high: $100), and estrus detection rate (low: 60% vs. high: 80%) were compared over a 7-yr investment period. Four scenarios were considered in a demonstration of the investment analysis tool: (1) a herd using 100% visual observation for estrus detection before adopting 100% AED, (2) a herd using 100% visual observation before adopting 75% AED and 25% visual observation, (3) a herd using 100% timed artificial insemination (TAI) before adopting 100% AED, and (4) a herd using 100% TAI before adopting 75% AED and 25% TAI. Net present value in scenarios 1 and 2 was always positive, indicating a positive investment situation. Net present value in scenarios 3 and 4 was always positive in combinations using a $50 tag price, and in scenario 4, the $5

  7. Sensor Proxy Mobile IPv6 (SPMIPv6—A Novel Scheme for Mobility Supported IP-WSNs

    Directory of Open Access Journals (Sweden)

    Md. Motaharul Islam

    2011-02-01

    Full Text Available IP based Wireless Sensor Networks (IP-WSNs are gaining importance for their broad range of applications in health-care, home automation, environmental monitoring, industrial control, vehicle telematics and agricultural monitoring. In all these applications, mobility in the sensor network with special attention to energy efficiency is a major issue to be addressed. Host-based mobility management protocols are not suitable for IP-WSNs because of their energy inefficiency, so network based mobility management protocols can be an alternative for the mobility supported IP-WSNs. In this paper we propose a network based mobility supported IP-WSN protocol called Sensor Proxy Mobile IPv6 (SPMIPv6. We present its architecture, message formats and also evaluate its performance considering signaling cost, mobility cost and energy consumption. Our analysis shows that with respect to the number of IP-WSN nodes, the proposed scheme reduces the signaling cost by 60% and 56%, as well as the mobility cost by 62% and 57%, compared to MIPv6 and PMIPv6, respectively. The simulation results also show that in terms of the number of hops, SPMIPv6 decreases the signaling cost by 56% and 53% as well as mobility cost by 60% and 67% as compared to MIPv6 and PMIPv6 respectively. It also indicates that proposed scheme reduces the level of energy consumption significantly.

  8. Sensor Proxy Mobile IPv6 (SPMIPv6)—A Novel Scheme for Mobility Supported IP-WSNs

    Science.gov (United States)

    Islam, Md. Motaharul; Huh, Eui-Nam

    2011-01-01

    IP based Wireless Sensor Networks (IP-WSNs) are gaining importance for their broad range of applications in health-care, home automation, environmental monitoring, industrial control, vehicle telematics and agricultural monitoring. In all these applications, mobility in the sensor network with special attention to energy efficiency is a major issue to be addressed. Host-based mobility management protocols are not suitable for IP-WSNs because of their energy inefficiency, so network based mobility management protocols can be an alternative for the mobility supported IP-WSNs. In this paper we propose a network based mobility supported IP-WSN protocol called Sensor Proxy Mobile IPv6 (SPMIPv6). We present its architecture, message formats and also evaluate its performance considering signaling cost, mobility cost and energy consumption. Our analysis shows that with respect to the number of IP-WSN nodes, the proposed scheme reduces the signaling cost by 60% and 56%, as well as the mobility cost by 62% and 57%, compared to MIPv6 and PMIPv6, respectively. The simulation results also show that in terms of the number of hops, SPMIPv6 decreases the signaling cost by 56% and 53% as well as mobility cost by 60% and 67% as compared to MIPv6 and PMIPv6 respectively. It also indicates that proposed scheme reduces the level of energy consumption significantly. PMID:22319386

  9. A Distributed Management Scheme for supporting energy-harvested I/O devices

    NARCIS (Netherlands)

    Zand, P.; Das, Kallol; Mathews, E.; Havinga, Paul J.M.

    Current wireless technologies for industrial application, such as WirelessHART and ISA100.11a, are not designed to support harvester-powered input/output (I/O) devices, where energy availability varies in a non-deterministic manner. The centralized management approach of these standards makes it

  10. Using the Staff Sharing Scheme to Support School Staff in Managing Challenging Behaviour More Effectively

    Science.gov (United States)

    Jones, Daniel; Monsen, Jeremy; Franey, John

    2013-01-01

    This paper explores how educational psychologists working in a training/consultative way can enable teachers to manage challenging pupil behaviour more effectively. It sets out a rationale which encourages schools to embrace a group based teacher peer-support system as part of regular school development. It then explores the usefulness of the…

  11. The influence of wearing schemes and supportive telephone calls on adherence in accelerometry measurement: results of a randomized controlled trial

    Directory of Open Access Journals (Sweden)

    van den Berg N

    2017-03-01

    Full Text Available Neeltje van den Berg,1,2 Sabina Ulbricht,2,3 Thea Schwaneberg,1,2 Kerstin Weitmann,1,2 Franziska Weymar,1–3 Stefan Groß,2,4 Marcus Dörr,2,4 Wolfgang Hoffmann1,2 1Institute for Community Medicine, University Medicine Greifswald, 2German Centre for Cardiovascular Research (DZHK, Partner Site Greifswald, 3Institute of Social Medicine and Prevention, University Medicine Greifswald, 4Department of Internal Medicine B, University Medicine Greifswald, Greifswald, Germany Background: Physical activity (PA can be assessed by accelerometer monitors. However, a high adherence to wearing this device is essential to obtain valid data. In this study, the influence of different wearing schemes and additional supportive phone calls (SPCs on adherence was examined. Methods: A randomized study with four groups was conducted in the context of a health examination program among participants aged 40–75 years without a history of cardiovascular diseases. Participants were recruited in different settings (general medical practices, job center, and health insurance. The participants were asked to wear an accelerometer for 7 consecutive days according to the wearing scheme “day and night” or “day only” and received or did not receive SPCs. Full adherence was defined as a total wearing time of 98 hours (between 8 am and 10 pm during 7 days. A generalized linear model was used to calculate the difference between the maximum possible and the observed adherence. Results: Adherence could be assessed for 249 participants (mean age: 56.40 years; standard deviation [SD] 9.83, 40% males. The mean wearing time was 84.04 hours (SD 20.75. Participants with the wearing scheme day and night were significantly more adherent than participants with the wearing scheme day only (incidence rate ratio [IRR] 0.63; P=0.005. SPCs had no additional effect on adherence (IRR 0.80; P=0.168. Conclusion: To assess PA, the wearing scheme day and night provides the best possible

  12. Personalization, self-advocacy and inclusion: An evaluation of parent-initiated supported living schemes for people with intellectual and developmental disabilities in the Netherlands.

    Science.gov (United States)

    Reindl, Marie-Sol; Waltz, Mitzi; Schippers, Alice

    2016-06-01

    This study focused on parent-initiated supported living schemes in the South of the Netherlands and the ability of these living schemes to enhance participation, choice, autonomy and self-advocacy for people with intellectual or developmental disabilities through personalized planning, support and care. Based on in-depth interviews with tenants, parents and caregivers, findings included that parent-initiated supported housing schemes made steps towards stimulating self-advocacy and autonomy for tenants. However, overprotective and paternalistic attitudes expressed by a significant number of parents, as well as structural constraints affecting the living schemes, created obstacles to tenants' personal development. The study calls for consideration of interdependence as a model for the relationship of parents and adult offspring with disabilities. The benefits and tensions inherent within this relationship must be taken into consideration during inclusive community building.

  13. The impact of reproductive investment and early-life environmental conditions on senescence : support for the disposable soma hypothesis

    NARCIS (Netherlands)

    Hammers, M.; Richardson, D. S.; Burke, T.; Komdeur, J.

    2013-01-01

    Several hypotheses have been put forward to explain the evolution of senescence. One of the leading hypotheses, the disposable soma hypothesis, predicts a trade-off, whereby early-life investment in reproduction leads to late-life declines in survival (survival senescence). Testing this hypothesis i

  14. The impact of reproductive investment and early-life environmental conditions on senescence : Support for the disposable soma hypothesis

    NARCIS (Netherlands)

    Hammers, M.; Richardson, D. S.; Burke, T.; Komdeur, J.

    Several hypotheses have been put forward to explain the evolution of senescence. One of the leading hypotheses, the disposable soma hypothesis, predicts a trade-off, whereby early-life investment in reproduction leads to late-life declines in survival (survival senescence). Testing this hypothesis

  15. Development of the System of Investment Support of Projects in the Industrial-Innovative Development of Kazakhstan

    Science.gov (United States)

    Doskaliyeva, Bayan B.; Orynbassarova, Yerkenazym D.; Omarkhanov?, Zhibek M.; Karibaev, Yerkebulan S.; Baimukhametova, Ayagul S.

    2016-01-01

    The purpose of this study is to determine specific features of investment regulation mechanism aimed at providing effective implementation of projects in the context of industrial-innovative development of Kazakhstan. There the used the system of general scientific and special research methods providing the possibility to disclose processes and…

  16. Hybrid independent component analysis and twin support vector machine learning scheme for subtle gesture recognition.

    Science.gov (United States)

    Naik, Ganesh R; Kumar, Dinesh K; Jayadeva

    2010-10-01

    Myoelectric signal classification is one of the most difficult pattern recognition problems because large variations in surface electromyogram features usually exist. In the literature, attempts have been made to apply various pattern recognition methods to classify surface electromyography into components corresponding to the activities of different muscles, but this has not been very successful, as some muscles are bigger and more active than others. This results in dataset discrepancy during classification. Multicategory classification problems are usually solved by solving many, one-versus-rest binary classification tasks. These subtasks unsurprisingly involve unbalanced datasets. Consequently, we need a learning methodology that can take into account unbalanced datasets in addition to large variations in the distributions of patterns corresponding to different classes. Here, we attempt to address the above issues using hybrid features extracted from independent component analysis and twin support vector machine techniques.

  17. Cost-Effective and Fast Handoff Scheme in Proxy Mobile IPv6 Networks with Multicasting Support

    Directory of Open Access Journals (Sweden)

    Illkyun Im

    2014-01-01

    Full Text Available With recent advancements in wireless communication technologies, mobile multicasting is becoming important, in an effort to use network resources more efficiently. In the past, when various mobile IP-based multicast techniques were proposed, the focus was on the costs needed for network delivery to provide multicast services, as well as on minimizing the multicast handover delay. However, it is fundamentally difficult to resolve the problems of handover delay and tunnel convergence for techniques using MIPv6 (Mobile IPv6, a host-based mobility management protocol. To resolve these problems, the network-based mobility management protocol PMIPv6 (Proxy Mobile IPv6 was standardized. Although performance is improved in PMIPv6 over MIPv6, it still suffers from problems of handover delay and tunnel convergence. To overcome these limitations, a technique called LFH (Low-cost and Fast Handoff is proposed in this paper, for fast and low-cost mobility management with multicasting support in PMIPv6 networks. To reduce the interactions between the complex multicast routing protocol and multicast messages, a simplified proxy method called MLD (Multicast Listener Discovery is implemented and modified. Furthermore, a TCR (Tunnel Combination and Reconstruction algorithm was used in the multicast handover procedure within the LMA (Local Mobility Anchor domain, as well as in the multicast handover procedure between domains, in order to overcome the problem of tunnel convergence. It was found that, compared to other types of multicast techniques, LFH reduces multicast delay, and requires lower cost.

  18. Analysis of Social Return on Investment in two systems of support for people with severe disabilities: personal assistance and residential service. A case study

    Directory of Open Access Journals (Sweden)

    Agustín Huete García

    2014-06-01

    Full Text Available At present, there are several alternatives to support daily life of people with disabilities, which require different resources: human, institutional, technical, material, financial, etc. In addition, these alternatives involve different impacts on both the life of people with disabilites and their immediate environment. This paper presents a case study that compares an user of personal assistance services of the Program for Independent Living (PAVI with an user of a residential service. The study method used is based on the approach of Social Return on Investment (SROI. It also specifies the selection of cases, the partners consulted to gather concepts and values, data collection, variables and formulas for calculating and monetization. Despite its limited scope, it is possible to draw conclusions about the social return on investment in a “standard profile” receiving personal assistance services compared with a “standard profile” in a residential service.

  19. Dutch Energy Investment Allowance (EIA). Energy List for 2013; Energie-investeringsaftrek (EIA). Energielijst 2013

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2013-01-15

    The Energy Investment Allowance (EIA) is a tax system by means of which the Dutch government supports companies with investments in energy-saving equipment and renewable energy. This brochure explains the assets eligible for EIA and how the scheme works [Dutch] De Energie-investeringsaftrek (EIA) is een fiscale regeling waarmee de overheid ondersteuning biedt voor bedrijven bij investeringen in energiebesparende bedrijfsmiddelen en duurzame energie. In deze brochure wordt uitgelegd welke bedrijfsmiddelen in aanmerking komen voor EIA en hoe de regeling werkt.

  20. Guiding Overseas Investment

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    Detailed tasks have been assigned to different government departments to attract and utilize foreign capital In line with China’s economic development,a policy introduced earlier this year was meant to optimize the structure of and serve as a guideline in utilizing foreign capital and direct such investment to China’s central and western regions. Now,a new scheme is demonstrating the Chinese Government’s determination and confidence to further improve the investment environment for foreign capital and enhance its policy initiative.

  1. A quasi-positive family of continuous Darcy-flux finite-volume schemes with full pressure support

    Science.gov (United States)

    Edwards, Michael G.; Zheng, Hongwen

    2008-11-01

    A new family of flux-continuous, locally conservative, finite-volume schemes is presented for solving the general tensor pressure equation of subsurface flow in porous media. The new schemes have full pressure continuity imposed across control-volume faces. Previous families of flux-continuous schemes are point-wise continuous in pressure and flux. When applying the earlier point-wise flux-continuous schemes to strongly anisotropic full-tensor fields their failure to satisfy a maximum principle (as with other FEM and finite-volume methods) can result in loss of local stability for high anisotropy ratios which can cause strong spurious oscillations in the numerical pressure solution. An M-matrix analysis reveals the upper limits for guaranteeing a maximum principle for general 9-point schemes and aids in the design of schemes that minimize the occurrence of spurious oscillations in the discrete pressure field. The full pressure continuity schemes are shown to possess a larger range of flux-continuous schemes, than the previous point-wise counter parts. For strongly anisotropic full-tensor cases it is shown that the full quadrature range possessed by the new schemes permits these schemes to exploit quadrature points (previously out of range) that are shown to minimize spurious oscillations in discrete pressure solutions. The new formulation leads to a more robust quasi-positive family of flux-continuous schemes applicable to general discontinuous full-tensor fields.

  2. Architecture-Level Exploration of Alternative Interconnection Schemes Targeting 3D FPGAs: A Software-Supported Methodology

    Directory of Open Access Journals (Sweden)

    Kostas Siozios

    2008-01-01

    Full Text Available In current reconfigurable architectures, the interconnection structures increasingly contribute more to the delay and power consumption. The demand for increased clock frequencies and logic density (smaller area footprint makes the problem even more important. Three-dimensional (3D architectures are able to alleviate this problem by accommodating a number of functional layers, each of which might be fabricated in different technology. However, the benefits of such integration technology have not been sufficiently explored yet. In this paper, we propose a software-supported methodology for exploring and evaluating alternative interconnection schemes for 3D FPGAs. In order to support the proposed methodology, three new CAD tools were developed (part of the 3D MEANDER Design Framework. During our exploration, we study the impact of vertical interconnection between functional layers in a number of design parameters. More specifically, the average gains in operation frequency, power consumption, and wirelength are 35%, 32%, and 13%, respectively, compared to existing 2D FPGAs with identical logic resources. Also, we achieve higher utilization ratio for the vertical interconnections compared to existing approaches by 8% for designing 3D FPGAs, leading to cheaper and more reliable devices.

  3. Analysing the impact of renewable electricity support schemes on power prices: The case of wind electricity in Spain

    Energy Technology Data Exchange (ETDEWEB)

    Saenz de Miera, Gonzalo [Department of Public Economics, Universidad Autonoma de Madrid, Campus de Cantoblanco, Madrid 28049 (Spain); del Rio Gonzalez, Pablo [Institute for Public Policies, Centro de Ciencias Humanas y Sociales, CSIC, C/Albasanz 26-28, 28037 Madrid (Spain); Vizcaino, Ignacio [Iberdrola, C/Tomas Redondo, 1, Madrid 28033 (Spain)

    2008-09-15

    It is sometimes argued that renewables are 'expensive'. However, although it is generally true that the private costs of renewable electricity generation are certainly above those of conventional electricity, that statement fails to consider the social benefits provided by electricity from renewable energy sources (RES-E), including environmental and socioeconomic ones. This paper empirically analyses an additional albeit usually neglected benefit: the reduction in the wholesale price of electricity as a result of more RES-E generation being fed into the grid. The case of wind generation in Spain shows that this reduction is greater than the increase in the costs for the consumers arising from the RES-E support scheme (the feed-in tariffs), which are charged to the final consumer. Therefore, a net reduction in the retail electricity price results, which is positive from a consumer point of view. This provides an additional argument for RES-E support and contradicts one of the usual arguments against RES-E deployment: the excessive burden on the consumer. (author)

  4. Investment Avenues

    Science.gov (United States)

    Jain, Priyanka

    2012-11-01

    Investors are a heterogeneous group, they may be large or small, rich or poor, expert or lay man and not all investors need equal degree of protection (Mayya, 1996). An investor has three objectives while investing his money, namely safety of invested money, liquidity position of invested money and return on investment. The return on investment may further be divided into capital gain and the rate of return on investment as interest or dividend. Among all investment options available, securities are considered the most challenging as well as rewarding. Securities include shares, debentures, derivatives, units of mutual funds, Government securities etc. An investor may be an individual or corporate legal entity investing funds with a view to derive maximum economic advantage from investment such as rate of return, capital appreciation, marketability, tax advantage and convenience of investment.The Capital market facilitates mobilization of savings of individuals and pools them into reservoir of capital which can be used for the economic development of a country. An efficient capital market is essential for raising capital by the corporate sector of the economy and for the protection of the interest of investors in corporate securities. There arises a need to strike a balance between raising of capital for economic development on one side and protection of investors on the other. Unless the interests of investors are protected, raising of capital, by corporates is not possible. Like, the primary objective of a senior citizenís asset allocation is the generation of regular income.

  5. Private financing and operation of a space station: Investment requirements, risk, government support and other primary business management considerations

    Science.gov (United States)

    Simon, M.

    1982-01-01

    Private investment in a manned space station is considered as an alternative to complete government sponsorship of such a program. The implications of manned space operations are discussed from a business perspective. The most significant problems and risks which would be faced by a private company involved in a space station enterprise are outlined and possible government roles in helping to overcome these difficulties suggested. Economic factors such as inflation and the rate of interest are of primary concern, but less obvious conditions such as antitrust and appropriate regulatory laws, government appropriations for space activities, and national security are also considered.

  6. Improving Business Investment Confidence in Culture-Aligned Indigenous Economies in Remote Australian Communities: A Business Support Framework to Better Inform Government Programs

    Directory of Open Access Journals (Sweden)

    Ann E. Fleming

    2015-06-01

    Full Text Available There is significant evidence that culture-aligned economies are more effective in engaging remote-living Indigenous Australians in work long-term. Despite this evidence, governments remain resistant to investing substantially in these economies, with the result that low employment rates persist. This article argues that governmental systems of organisation are not designed to support non-mainstream economies and this position is unlikely to change. Similarly, the commercial sector lacks confidence that investing in culture-aligned economies will generate financial returns. This article presents a localised, pragmatic approach to Indigenous business support that works within existing systems of government, business and culture. Most unsuccessful programs fail to recognise the full suite of critical factors for sustained market engagement by both business and Indigenous people. This article reports on work to bring all critical factors together into a business support framework to inform the design and implementation of an aquaculture development program in a remote Indigenous Australian community.

  7. Description of comprehensive dental services supported by the Medicare Chronic Disease Dental Scheme in the first 23 months of operation.

    Science.gov (United States)

    Palfreeman, Vera; Zoellner, Hans

    2012-02-01

    Australia's Medicare universal insurance system has supported comprehensive dental service through the Chronic Disease Dental Scheme (CDDS) since November 2007. Public debate opposing CDDS includes claims of over-servicing, calls for expansion to universal eligibility, and government threat of closure. Here we examine CDDS services over the first 23 months of operation. CDDS statistics on patient age, gender and item numbers claimed from November 2007 to December 2009 from Medicare were subjected to analysis. The distribution of 404,768 total CDDS patients varied across Australia from 3.6% of the population in NSW to 0.07% in NT, while uptake increased over time. The average patient had 7.58 dental treatments, and the most common were: direct restorations (2.27), preventive and periodontal services (1.46), diagnostic services (1.43), extractions (0.77), and new dentures (0.53). Crown and bridgework appeared over-represented (0.48). Although data do suggest over-servicing in crown and bridgework, there also appears to be significant community need for the CDDS. Clear guidelines for dental clinical diagnosis and treatment planning, as well as a pre-approval process for crown and bridgework is suggested to improve the CDDS, and this could form the basis for expansion to universal eligibility for dental Medicare. © 2012 The Authors. ANZJPH © 2012 Public Health Association of Australia.

  8. Investment Invited

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    T he 2006 Major Projects Investment Consultation and Talks, an investment promotion fair, jointly sponsored by the All-China Federation of Industry and Commerce and the Nanjing Municipal Government, will be held at the Nanjing International Expo Center from May 28 to 30. Organizers of the event also include Nanjing's neighboring cities of

  9. Financing Investment

    DEFF Research Database (Denmark)

    Hirth, Stefan; Flor, Christian Riis

    Intuition suggests that corporate investment should be decreasing in financing constraints. We show that even when financing is obtained using a standard debt contract and there is symmetric information between the firm and outside investors, the relation is actually U-shaped. We thus provide a new...... theoretical explanation for the recent empirical findings of Cleary et al. (2007). We split up the endogenously implied financing costs and propose a trade-off between expected liquidation costs and second-best investment costs. For rather unconstrained firms, the risk of costly liquidation dominates the cost...... of underinvestment and, hence, induces cutting down investment. On the other hand, severely constrained firms benefit more by getting closer to the first-best investment implying higher investment....

  10. Adaptively Security CP-ABE Scheme Supporting Attribute Revocation%适应性安全且支持属性撤销的CP-ABE方案

    Institute of Scientific and Technical Information of China (English)

    彭开锋; 张席

    2015-01-01

    现有支持属性间接撤销的CP-ABE方案存在撤销代价与安全性难以兼顾的问题,为此,借鉴属性间接撤销思想和双系统加密技术,提出一个适应性安全且支持属性撤销的CP-ABE方案,并基于3素数子群判定问题证明该方案的安全性。分析结果表明,与经典ABE属性撤销方案相比,该方案的效率较高,访问策略表达更为灵活。%In the existing CP-ABE schemes that supporting attribute indirect revocation,the cost of revocation and its security can not be taken into account in the model simultaneously. Based on the idea of attribute indirect revocation and the dual system encryption technique,this paper constructs an adaptively security CP-ABE scheme that supports attribute revocation,and proves the security of the scheme using the 3P-SDP. Analysis result shows that,compared with the ABE schemes proposed before,the proposed scheme is more flexible and efficient in the access policy and attribute revocation.

  11. A study of clinical assessment of frailty in patients on maintenance hemodialysis supported by cashless government scheme

    Directory of Open Access Journals (Sweden)

    Manjusha Yadla

    2017-01-01

    Full Text Available This is a prospective cohort study to assess the prevalence of frailty in patients undergoing maintenance hemodialysis (HD under the government-funded scheme at our center and to assess the relationship between frailty and falls, hospitalizations, and mortality. This was done at our center which is completely supported by the government, which provides HD to all the patients under poverty line. Epidemiological data, anthropometric measurements, comorbidities assessment, frailty assessment using Fried criteria, subsequent hospitalizations, falls, and mortality were recorded in our prevalent dialysis population at our center between October 2014 and October 2015. Two hundred and twenty-six patients were enrolled during this period. Twenty-one patients were excluded as they did not satisfy the inclusion criteria. Two hundred and five prospective patients were studied for the predictors of frailty. Frailty was present in 82% of the study population. Mean age of our study population was 44.95 ± 13.27 years. On univariate analysis, diabetes mellitus, hypertension (HTN, cerebrovascular accident (CVA, left ventricular dysfunction (LVD, peripheral vascular disease (PVD, smoking, hepatitis C, inadequate dialysis, intradialytic hypotension (IDH, interdialytic weight gain, low serum creatinine <4 mg/dL, and anemia (Hb <10 g/dL were found to be statistically significantly different between frail and nonfrail groups On multivariate regression analysis, only HTN, PVD, CVA, anemia, smoking, and IDH were found to be significant. Frailty is highly prevalent among dialysis population. Factors predicting frailty include HTN, smoking, LVD, PVD, CVA, smoking, anemia, and IDH. Frailty is a significant risk factor for falls and hospitalizations.

  12. A study of clinical assessment of frailty in patients on maintenance hemodialysis supported by cashless government scheme.

    Science.gov (United States)

    Yadla, Manjusha; John, Jyothi Priyadarshini; Mummadi, Mahesh

    2017-01-01

    This is a prospective cohort study to assess the prevalence of frailty in patients undergoing maintenance hemodialysis (HD) under the government-funded scheme at our center and to assess the relationship between frailty and falls, hospitalizations, and mortality. This was done at our center which is completely supported by the government, which provides HD to all the patients under poverty line. Epidemiological data, anthropometric measurements, comorbidities assessment, frailty assessment using Fried criteria, subsequent hospitalizations, falls, and mortality were recorded in our prevalent dialysis population at our center between October 2014 and October 2015. Two hundred and twenty-six patients were enrolled during this period. Twenty-one patients were excluded as they did not satisfy the inclusion criteria. Two hundred and five prospective patients were studied for the predictors of frailty. Frailty was present in 82% of the study population. Mean age of our study population was 44.95 ± 13.27 years. On univariate analysis, diabetes mellitus, hypertension (HTN), cerebrovascular accident (CVA), left ventricular dysfunction (LVD), peripheral vascular disease (PVD), smoking, hepatitis C, inadequate dialysis, intradialytic hypotension (IDH), interdialytic weight gain, low serum creatinine <4 mg/dL, and anemia (Hb <10 g/dL) were found to be statistically significantly different between frail and nonfrail groups On multivariate regression analysis, only HTN, PVD, CVA, anemia, smoking, and IDH were found to be significant. Frailty is highly prevalent among dialysis population. Factors predicting frailty include HTN, smoking, LVD, PVD, CVA, smoking, anemia, and IDH. Frailty is a significant risk factor for falls and hospitalizations.

  13. Interaction Among Construction Investment, Other Investment and GDP in China

    Institute of Scientific and Technical Information of China (English)

    郑思齐; 刘洪玉

    2004-01-01

    With Granger causality method, this paper examines the causal dynamics among three economic fundamentals: construction investment, other investment and the gross domestic product (GDP). Short-run and long-run interactive effects among these three time series are analyzed from 1981 to 2001. The empirical results show that construction investment has a stronger short-run effect on economic growth than other investment, and economic growth has a long-term effect on both construction and other investments. These findings indicate that construction investment is an important factor influencing short-term economic growth fluctuations, with its growth stimulating economic growth and its slumps leading to downside fluctuations. At the same time, investment growth cannot be sustained without the support of the national economy. These empirical results have important implications for economic policy makers in China.

  14. Creative Investment

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    Prices for Chinese art are shattering records locally and internationally. Is the investment well placed?Mem Aziz is brimming with confidence about the future of his business in China. Director of Australia’s Redrock Gallery,

  15. Investing in deliberation: a definition and classification of decision support interventions for people facing difficult health decisions.

    Science.gov (United States)

    Elwyn, Glyn; Frosch, Dominick; Volandes, Angelo E; Edwards, Adrian; Montori, Victor M

    2010-01-01

    This article provides an analysis of 'decision aids', interventions to support patients facing tough decisions. Interest has increased since the concept of shared decision making has become widely considered to be a means of achieving desirable clinical outcomes. We consider the aims of these interventions and examine assumptions about their use. We propose three categories, interventions that are used in face-to-face encounters, those designed for use outside clinical encounters and those which are mediated, using telephone or other communication media. We propose the following definition: decision support interventions help people think about choices they face; they describe where and why choice exists; they provide information about options, including, where reasonable, the option of taking no action. These interventions help people to deliberate, independently or in collaboration with others, about options, by considering relevantattributes; they support people to forecast how they might feel about short, intermediate and long-term outcomes which have relevant consequences, in ways which help the process of constructing preferences and eventual decision making, appropriate to their individual situation. Although quality standards have been published for these interventions, we are also cautious about premature closure and consider that the need for short versions for use inside clinical encounters and long versions for external use requires further research. More work is also needed on the use of narrative formats and the translation of theory into practical designs. The interest in decision support interventions for patients heralds a transformation in clinical practice although many important areas remain unresolved.

  16. Local Content Requirements in Renewable Energy Schemes - Government Procurement or a Violation of International Obligations?

    NARCIS (Netherlands)

    Verburg, Cornelis

    2017-01-01

    Numerous States have adopted renewable energy schemes aimed at incentivising investments in renewable energy generation capacity that contain local content requirements as an eligibility criterion to obtain support, such as a feed-in tariff. However, these requirements may violate the international

  17. Financing Investment

    DEFF Research Database (Denmark)

    Hirth, Stefan; Flor, Christian Riis

    Intuition suggests that corporate investment should be decreasing in financing constraints. We show that even when financing is obtained using a standard debt contract and there is symmetric information between the firm and outside investors, the relation is actually U-shaped. We thus provide a new...... theoretical explanation for the recent empirical findings of Cleary et al. (2007). We split up the endogenously implied financing costs and propose a trade-off between expected liquidation costs and second-best investment costs. For rather unconstrained firms, the risk of costly liquidation dominates the cost...

  18. Psycho-oncological support for breast cancer patients: A brief overview of breast cancer services certification schemes and national health policies in Europe.

    Science.gov (United States)

    Neamţiu, L; Deandrea, S; Pylkkänen, L; Freeman, C; López Alcalde, J; Bramesfeld, A; Saz-Parkinson, Z; Ulutürk, A; Lerda, D

    2016-10-01

    Psycho-oncology addresses the psychological, social, behavioural, and ethical aspects of cancer. Identification and proper management of the patients' psychosocial needs, as well as the needs of their caregivers and family are essential for a person-centred concept of breast cancer care. The aim of this overview is to describe how psychosocial support in breast cancer is incorporated in cancer-related policy documents, such as national cancer plans and breast cancer care certification schemes.

  19. Investing in Youth: Lithuania

    Science.gov (United States)

    OECD Publishing, 2016

    2016-01-01

    The series Investing in Youth builds on the expertise of the Organisation for Economic Cooperation and Development (OECD) on youth employment, social support and skills. It covers both OECD countries and countries in the process of accession to the OECD, as well as some emerging economies. The present report on Lithuania is the fourth of a new…

  20. Investing in Youth: Brazil

    Science.gov (United States)

    OECD Publishing, 2014

    2014-01-01

    The series Investing in Youth builds on the expertise of the Organisation for Economic Cooperation and Development (OECD) on youth employment, social support and skills. It covers both OECD countries and countries in the process of accession to the OECD, as well as some emerging economies. This report provides a detailed diagnosis of the youth…

  1. Government Policy, Saving and Investment.

    Science.gov (United States)

    Eisner, Robert

    1983-01-01

    Several arguments that government policy--income redistribution and support of the poor, higher marginal income taxes, and social security--has depressed saving are found wanting. Also hard to sustain is the argument that investment demand has been depressed by tax policy. Current government policy will not improve saving and investment. (RM)

  2. Seasonality influences cuticle melanization and immune defense in a cricket: support for a temperature-dependent immune investment hypothesis in insects

    Energy Technology Data Exchange (ETDEWEB)

    Fedorka, K. M. [Univ. of Central Florida, Orlando, FL (United States); Copeland, E. K. [Univ. of Central Florida, Orlando, FL (United States); Winterhalter, W. E. [Univ. of Central Florida, Orlando, FL (United States)

    2013-07-18

    To improve thermoregulation in colder environments, insects are expected to darken their cuticles with melanin via the phenoloxidase cascade, a phenomenon predicted by the thermal melanin hypothesis. However, the phenoloxidase cascade also plays a significant role in insect immunity, leading to the additional hypothesis that the thermal environment indirectly shapes immune function via direct selection on cuticle color. Support for the latter hypothesis comes from the cricket Allonemobius socius, where cuticle darkness and immune-related phenoloxidase activity increase with latitude. However, thermal environments vary seasonally as well as geographically, suggesting that seasonal plasticity in immunity may also exist. Although seasonal fluctuations in vertebrate immune function are common (because of flux in breeding or resource abundance), seasonality in invertebrate immunity has not been widely explored. We addressed this possibility by rearing crickets in simulated summer and fall environments and assayed their cuticle color and immune function. Prior to estimating immunity, crickets were placed in a common environment to minimize metabolic rate differences. Individuals reared under fall-like conditions exhibited darker cuticles, greater phenoloxidase activity and greater resistance to the bacteria Serratia marcescens. These data support the hypothesis that changes in the thermal environment modify cuticle color, which indirectly shapes immune investment through pleiotropy. This hypothesis may represent a widespread mechanism governing immunity in numerous systems, considering that most insects operate in seasonally and geographically variable thermal environments.

  3. The benefit of regional diversification of cogeneration investments in Europe. A mean-variance portfolio analysis

    Energy Technology Data Exchange (ETDEWEB)

    Westner, Guenther; Madlener, Reinhard [E.ON Energy Projects GmbH, Arnulfstrasse 56, 80335 Munich (Germany)

    2010-12-15

    The EU Directive 2004/8/EC, concerning the promotion of cogeneration, established principles on how EU member states can support combined heat and power generation (CHP). Up to now, the implementation of these principles into national law has not been uniform, and has led to the adoption of different promotion schemes for CHP across the EU member states. In this paper, we first give an overview of the promotion schemes for CHP in various European countries. In a next step, we take two standard CHP technologies, combined-cycle gas turbines (CCGT-CHP) and engine-CHP, and apply exemplarily four selected support mechanisms used in the four largest European energy markets: feed-in tariffs in Germany; energy efficiency certificates in Italy; benefits through tax reduction in the UK; and purchase obligations for power from CHP generation in France. For contracting companies, it could be of interest to diversify their investment in new CHP facilities regionally over several countries in order to reduce country and regulatory risk. By applying the Mean-Variance Portfolio (MVP) theory, we derive characteristic return-risk profiles of the selected CHP technologies in different countries. The results show that the returns on CHP investments differ significantly depending on the country, the support scheme, and the selected technology studied. While a regional diversification of investments in CCGT-CHP does not contribute to reducing portfolio risks, a diversification of investments in engine-CHP can decrease the risk exposure. (author)

  4. Mobilising Investment in Energy Efficiency

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2012-07-01

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

  5. Supporting Innovation Activities of SMEs with Innovation Vouchers Scheme%英国实施创新券计划支持中小企业创新

    Institute of Scientific and Technical Information of China (English)

    2013-01-01

      英国技术战略委员会(TSB)最新推出创新券计划(Innovation Vouchers Scheme),专门支持中小企业创新活动。作为英国政府推出新的创新资助工具之一,该计划资助对象明确、资助目标清晰,资助重点突出,并且在资助方式上跟以往科技计划比较有所创新。通过对TSB推出的创新券计划资助标准和原则、资助领域和重点以及申请和资助流程进行详细介绍和分析,简要总结出创新券计划的几个特点,以为我国有关科技计划和创新基金实施提供参考。%The Innovation Vouchers Scheme was launched by Technology Strategy Board (TSB) of UK in 2012 as a new funding tool to support the innovation activities of SMEs specifically. The objects and priorities of Innovation Vouchers Scheme are clearly defined and the funding mode of the scheme has a big difference from other S&T programs. This paper introduced the funding standards and principles of the scheme, analyzed its funding priorities and application procedure, and summarized the new characteristics of Innovation Vouchers Scheme, hoping to provide a useful reference for the policy making and implement of innovation plan and programs in China.

  6. The Financial Analysis of a Modern Scheme for Managing Waste Proposed for the Urban Community Arieş, Cluj County

    Directory of Open Access Journals (Sweden)

    Lucia Monica SCORȚAR

    2009-10-01

    Full Text Available This paper presents a scheme for managingwaste, proposed for the urban community of Arieş,Cluj County, in which we are going to show themain activities that should be accomplished withthe support of the local public administration.Based on the analysis of the waste flows, thedemographic trends and the waste generatingtrends, we propose a scheme for managingwaste that has a major investment component,an administrative re-organizing component andan educational one. We suggest a scheme whichincludes advanced techniques and methods fortreating waste. Moreover, we demonstrated thatthe efficiency of the scheme cannot be conceivedoutside a circuit for valorizing and recycling theuseful materials contained in the waste.

  7. Investment Banking

    OpenAIRE

    Oana Mihaela Vãsioiu

    2008-01-01

    The economic, financial and monetary changes had serious consequences not only on the level of providing the finance necessary for the development process but also on the level of providing the finance required for importing the basic food needs and rendering necessary production inputs. All these problems show the importance of “Banks” generally and “Investment Banks” particularly in the emerging and underdeveloped countries. Banks as financial institution or intermediary mobilize either nat...

  8. Cooperative investment in incomplete markets under financial fairness

    NARCIS (Netherlands)

    Pazdera, Jaroslav; Schumacher, Hans; Werker, Bas

    2016-01-01

    Groups of agents, such as participants in a collective pension fund, can decide to undertake a joint investment and to define, ex ante, a rule for the division of proceeds. The collective investment decision and the allocation rule together form a risk sharing scheme. Such a scheme defines a conting

  9. Cooperative Investment in Incomplete Markets under Financial Fairness

    NARCIS (Netherlands)

    Pazdera, J.; Schumacher, J.M.; Werker, B.J.M.

    2016-01-01

    Groups of agents, such as participants in a collective pension fund, can decide to undertake a joint investment and to define, ex ante, a rule for the division of proceeds. The collective investment decision and the allocation rule together form a risk sharing scheme. Such a scheme defines a conting

  10. A DRM Scheme Supporting Attribute Revocation and Outsourced Decryption in the Cloud Computing Envi ronment%云计算环境下支持属性撤销的外包解密DRM方案

    Institute of Scientific and Technical Information of China (English)

    张维纬; 冯桂; 刘建毅; 杨义先

    2015-01-01

    DRM (digital rights management ) is an important part of the construction of informatization in China .Unfortunately ,high investment costs and poor user experience are two issues of DRM for further promotion in practice .Previous studies for DRM focused merely on storage service of cloud computing ,lacking of concerning on the advantage of its computing service . T his paper proposes a DRM scheme supporting attribute revocation and outsourced decryption in the cloud computing environment .In order to protect the user’s privacy in the DRM system , we propose that users purchase licenses through anonymous tags .In addition ,in order to give full play to the advantages of cloud computing in computing and be flexible , fine‐grained revocation of the user's attributes , a supporting revocation of the outsourcing decryption CP‐ABE scheme is proposed .Compared with the existing digital rights management schemes based on cloud computing ,the proposed scheme protects content security and user privacy .Besides ,it supports flexible access control mechanism and fine‐grained user's attributes revocation ,and it is more applicable in the content protection in the cloud computing .%数字版权管理(digital rights management ,DRM )是我国信息化建设的重要内容。但高昂的投资成本和欠佳的用户体验是其进一步推广的瓶颈。而已有的采用云计算解决DRM 瓶颈问题的研究大都只着眼于云计算的存储服务功能,较少关注云计算的计算优势。提出了一种云计算环境下支持属性撤销的外包解密DRM 方案。考虑到DRM 中用户隐私保护的问题,提出用户通过匿名标签购买许可证。此外,为了充分发挥云计算在计算上的优势以及可以灵活、细粒度地撤销用户的属性,提出了一种支持属性撤销的外包解密CP‐ABE(ciphertext‐policy attribute‐based encryption)机制。与已有的基于云计算的数字版权保护方案相比,提

  11. In the beginning: role of autonomy support on the motivation, mental health and intentions of participants entering an exercise referral scheme.

    Science.gov (United States)

    Rouse, Peter C; Ntoumanis, Nikos; Duda, Joan L; Jolly, Kate; Williams, Geoffrey C

    2011-06-01

    Self-determination theory (Deci & Ryan, 2000, Intrinsic motivation and self-determination in human behaviour. New York: Plenum Publishing) highlights the impact autonomy supportive environments can have on exercise motivation and positive health outcomes. Yet little is known about whether differential effects occur as a function of which significant other is providing this support. Further, no research has examined the relationship between motivation and the social environment with participants' mental health and intentions to be physically active before entering an exercise intervention. Study participants were 347 British adults who were about to start an exercise referral scheme. Regression analyses revealed that the effects of autonomy support on mental health and physical activity intentions differed as a function of who provided the support (offspring, partner or physician), with the offspring having the weakest effects. A structural model was supported, indicating that autonomy support and more autonomous regulations led to more positive mental health outcomes and stronger intentions to be physically active. Knowledge of the social environmental and personal motivation of those about to commence an exercise programme can provide important insights for professionals supporting such efforts.

  12. A Seamless Handoff Scheme with Access Point Load Balance for Real-Time Services Support in 802.11 Wireless LANs

    Science.gov (United States)

    Manodham, Thavisak; Loyola, Luis; Miki, Tetsuya

    IEEE 802.11 wirelesses LANs (WLANs) have been rapidly deployed in enterprises, public areas, and households. Voice-over-IP (VoIP) and similar applications are now commonly used in mobile devices over wireless networks. Recent works have improved the quality of service (QoS) offering higher data rates to support various kinds of real-time applications. However, besides the need for higher data rates, seamless handoff and load balancing among APs are key issues that must be addressed in order to continue supporting real-time services across wireless LANs and providing fair services to all users. In this paper, we introduce a novel access point (AP) with two transceivers that improves network efficiency by supporting seamless handoff and traffic load balancing in a wireless network. In our proposed scheme, the novel AP uses the second transceiver to scan and find neighboring STAs in the transmission range and then sends the results to neighboring APs, which compare and analyze whether or not the STA should perform a handoff. The initial results from our simulations show that the novel AP module is more effective than the conventional scheme and a related work in terms of providing a handoff process with low latency and sharing traffic load with neighbor APs.

  13. The benefit of regional diversification of cogeneration investments in Europe: A mean-variance portfolio analysis

    Energy Technology Data Exchange (ETDEWEB)

    Westner, Guenther, E-mail: guenther.westner@eon-energie.co [E.ON Energy Projects GmbH, Arnulfstrasse 56, 80335 Munich (Germany); Madlener, Reinhard, E-mail: rmadlener@eonerc.rwth-aachen.d [Institute for Future Energy Consumer Needs and Behavior (FCN), Faculty of Business and Economics/E.ON Energy Research Center, RWTH Aachen University, Mathieustrasse 6, 52074 Aachen (Germany)

    2010-12-15

    The EU Directive 2004/8/EC, concerning the promotion of cogeneration, established principles on how EU member states can support combined heat and power generation (CHP). Up to now, the implementation of these principles into national law has not been uniform, and has led to the adoption of different promotion schemes for CHP across the EU member states. In this paper, we first give an overview of the promotion schemes for CHP in various European countries. In a next step, we take two standard CHP technologies, combined-cycle gas turbines (CCGT-CHP) and engine-CHP, and apply exemplarily four selected support mechanisms used in the four largest European energy markets: feed-in tariffs in Germany; energy efficiency certificates in Italy; benefits through tax reduction in the UK; and purchase obligations for power from CHP generation in France. For contracting companies, it could be of interest to diversify their investment in new CHP facilities regionally over several countries in order to reduce country and regulatory risk. By applying the Mean-Variance Portfolio (MVP) theory, we derive characteristic return-risk profiles of the selected CHP technologies in different countries. The results show that the returns on CHP investments differ significantly depending on the country, the support scheme, and the selected technology studied. While a regional diversification of investments in CCGT-CHP does not contribute to reducing portfolio risks, a diversification of investments in engine-CHP can decrease the risk exposure. - Research highlights: {yields}Preconditions for CHP investments differ significantly between the EU member states. {yields}Regional diversification of CHP investments can reduce the total portfolio risk. {yields}Risk reduction depends on the chosen CHP technology.

  14. Optimisation of Investment Resources at Small Enterprises

    Directory of Open Access Journals (Sweden)

    Shvets Iryna B.

    2014-03-01

    Full Text Available The goal of the article lies in the study of the process of optimisation of the structure of investment resources, development of criteria and stages of optimisation of volumes of investment resources for small enterprises by types of economic activity. The article characterises the process of transformation of investment resources into assets and liabilities of the balances of small enterprises and conducts calculation of the structure of sources of formation of investment resources in Ukraine at small enterprises by types of economic activity in 2011. On the basis of the conducted analysis of the structure of investment resources of small enterprises the article forms main groups of criteria of optimisation in the context of individual small enterprises by types of economic activity. The article offers an algorithm and step-by-step scheme of optimisation of investment resources at small enterprises in the form of a multi-stage process of management of investment resources in the context of increase of their mobility and rate of transformation of existing resources into investments. The prospect of further studies in this direction is development of a structural and logic scheme of optimisation of volumes of investment resources at small enterprises.

  15. Decision-Support Tools that Harmonize People and Nature: Using InVEST Water Models in Innovative Policies in China and Latin America

    Science.gov (United States)

    Ghile, Y.; Daily, G. C.

    2011-12-01

    In promising a return (of services) on investments in natural capital, the scientific community needs to deliver knowledge and tools to quantify and forecast this return. To help address this challenge, the Natural Capital Project has developed a suite of models for Integrated Valuation of Ecosystem Services and Tradeoffs (InVEST). InVEST helps decision makers visualize the impacts of potential policies - identifying tradeoffs and compatibilities between environmental, economic, and social benefits - by modeling and mapping the delivery, distribution, and economic value of ecosystem services under alternative scenarios. We will describe InVEST water models - for sediment retention, water quality provision, and hydropower production - and their application in major land-use policies in China and Latin America. To meet increasing demand for this family of tools and related approaches, the science of ecosystem service provision must be advanced rapidly.

  16. Diagnosis of idiopathic normal pressure hydrocephalus is supported by MRI-based scheme: a prospective cohort study

    Directory of Open Access Journals (Sweden)

    Mori Etsuro

    2010-10-01

    Full Text Available Abstract Background Idiopathic normal pressure hydrocephalus (iNPH is a treatable neurological syndrome in the elderly. Although the magnetic resonance imaging (MRI findings of tight high-convexity and medial subarachnoid spaces and the ventriculo-peritoneal (VP shunt with programmable valve are reportedly useful for diagnosis and treatment, respectively, their clinical significance remains to be validated. We conducted a multicenter prospective study (Study of Idiopathic Normal Pressure Hydrocephalus on Neurological Improvement: SINPHONI to evaluate the utility of the MRI-based diagnosis for determining the 1-year outcome after VP shunt with the Codman-Hakim programmable valve. Methods Twenty-six centers in Japan were involved in this study. Patients aged between 60 and 85 years with one or more of symptoms (gait, cognitive, and urinary problems and MRI evidence of ventriculomegaly and tight high-convexity and medial subarachnoid spaces received VP shunt using the height/weight-based valve pressure-setting scheme. The primary endpoint was a favorable outcome (improvement of one level or more on the modified Rankin Scale: mRS at one year after surgery, and the secondary endpoints included improvement of one point or more on the total score of the iNPH grading scale. Shunt responder was defined by more than one level on mRS at any evaluation point in one year. Results The full analysis set included 100 patients. A favorable outcome was achieved in 69.0% and 80.0% were shunt responders. When measured with the iNPH grading scale, the one-year improvement rate was 77.0%, and response to the surgery at any evaluation point was detected in 89.0%. Serious adverse events were recorded in 15 patients, three of which were events related to surgery or VP shunt. Subdural effusion and orthostatic headache were reported as non-serious shunt-related adverse events, which were well controlled with readjustment of pressure. Conclusions The MRI-based diagnostic

  17. EBRD equity investment

    Directory of Open Access Journals (Sweden)

    Simen, A.

    2012-01-01

    Full Text Available The EBRD is the largest investor in private equity funds, mainly focusing on growth and expansion in countries of operation. The significant support to its private equity fund managers accelerates the development and institutionalisation of the private equity industry in the region. For EBRD, equity investments are made indirectly through regional and sector funds. These funds are created by groups of investors, mostly private, to which the EBRD participates with capital.

  18. Optimal design of funded pension schemes

    NARCIS (Netherlands)

    Bovenberg, A.L.; Mehlkopf, R.J.

    2014-01-01

    This article reviews the literature on the optimal design and regulation of funded pension schemes. We first characterize optimal saving and investment over an individual’s life cycle. Within a stylized modeling framework, we explore optimal individual saving and investing behavior. Subsequently, va

  19. Survey of Branch Support Methods Demonstrates Accuracy, Power, and Robustness of Fast Likelihood-based Approximation Schemes

    Science.gov (United States)

    Anisimova, Maria; Gil, Manuel; Dufayard, Jean-François; Dessimoz, Christophe; Gascuel, Olivier

    2011-01-01

    Phylogenetic inference and evaluating support for inferred relationships is at the core of many studies testing evolutionary hypotheses. Despite the popularity of nonparametric bootstrap frequencies and Bayesian posterior probabilities, the interpretation of these measures of tree branch support remains a source of discussion. Furthermore, both methods are computationally expensive and become prohibitive for large data sets. Recent fast approximate likelihood-based measures of branch supports (approximate likelihood ratio test [aLRT] and Shimodaira–Hasegawa [SH]-aLRT) provide a compelling alternative to these slower conventional methods, offering not only speed advantages but also excellent levels of accuracy and power. Here we propose an additional method: a Bayesian-like transformation of aLRT (aBayes). Considering both probabilistic and frequentist frameworks, we compare the performance of the three fast likelihood-based methods with the standard bootstrap (SBS), the Bayesian approach, and the recently introduced rapid bootstrap. Our simulations and real data analyses show that with moderate model violations, all tests are sufficiently accurate, but aLRT and aBayes offer the highest statistical power and are very fast. With severe model violations aLRT, aBayes and Bayesian posteriors can produce elevated false-positive rates. With data sets for which such violation can be detected, we recommend using SH-aLRT, the nonparametric version of aLRT based on a procedure similar to the Shimodaira–Hasegawa tree selection. In general, the SBS seems to be excessively conservative and is much slower than our approximate likelihood-based methods. PMID:21540409

  20. A “Salt and Pepper” Noise Reduction Scheme for Digital Images Based on Support Vector Machines Classification and Regression

    Directory of Open Access Journals (Sweden)

    Hilario Gómez-Moreno

    2014-01-01

    Full Text Available We present a new impulse noise removal technique based on Support Vector Machines (SVM. Both classification and regression were used to reduce the “salt and pepper” noise found in digital images. Classification enables identification of noisy pixels, while regression provides a means to determine reconstruction values. The training vectors necessary for the SVM were generated synthetically in order to maintain control over quality and complexity. A modified median filter based on a previous noise detection stage and a regression-based filter are presented and compared to other well-known state-of-the-art noise reduction algorithms. The results show that the filters proposed achieved good results, outperforming other state-of-the-art algorithms for low and medium noise ratios, and were comparable for very highly corrupted images.

  1. Sustainable Markets Investment Briefings: Investment Treaties

    Energy Technology Data Exchange (ETDEWEB)

    Cotula, Lorenzo

    2007-08-15

    This is the second of a series of briefings which discuss the sustainable development issues raised by legal arrangements for the protection of foreign investment. The briefings are based on legal research by IIED and its partners. The goal is to provide accessible but accurate information for human rights, development and environmental organisations working on issues raised by foreign investment in low- and middle-income countries. Briefing 2 explains how investment treaties between states work to protect and promote foreign investment.

  2. Sustainable Markets Investment Briefings: Investment Treaties

    Energy Technology Data Exchange (ETDEWEB)

    Cotula, Lorenzo

    2007-08-15

    This is the second of a series of briefings which discuss the sustainable development issues raised by legal arrangements for the protection of foreign investment. The briefings are based on legal research by IIED and its partners. The goal is to provide accessible but accurate information for human rights, development and environmental organisations working on issues raised by foreign investment in low- and middle-income countries. Briefing 2 explains how investment treaties between states work to protect and promote foreign investment.

  3. Environment investment: transition from end-investment to multi-investment

    Institute of Scientific and Technical Information of China (English)

    Zhang Luqiang

    2006-01-01

    Environmental investment must change its direction from end-investment to multi-investment, such as ecological construction, recycling economy and environmental protection. Only it can meet the needs of breaking the bottleneck of resources and environment for Chinese sustainable development. And the transition can help us realize low-cost and high-speedy increasing of economy, as well as the construction of ecological health, beautiful environment, economic development and harmonious new society. Material recycling in ecosystem can run well by self-organization and self-regulation by nature with low-cost and even non-cost. So, the environmental investment in ecological construction should be the profits maximum investment. Butit needs country's support in financial policy on ecological or environmental compensation. Recycling economy is a brand-new pattern ofeconomic growth, which formed gradually in the course of mankind exploring and practicing sustainable development. Fountainhead prevention, reducing and whole processing control are its significant characteristics,which are different from any former economic and environmental protection system. Investing in technology development and relevant industry of recycling economy should be the other major field of environment investment in China in the future.

  4. A novel transient rotor current control scheme of a doubly-fed induction generator equipped with superconducting magnetic energy storage for voltage and frequency support

    Science.gov (United States)

    Shen, Yang-Wu; Ke, De-Ping; Sun, Yuan-Zhang; Daniel, Kirschen; Wang, Yi-Shen; Hu, Yuan-Chao

    2015-07-01

    A novel transient rotor current control scheme is proposed in this paper for a doubly-fed induction generator (DFIG) equipped with a superconducting magnetic energy storage (SMES) device to enhance its transient voltage and frequency support capacity during grid faults. The SMES connected to the DC-link capacitor of the DFIG is controlled to regulate the transient dc-link voltage so that the whole capacity of the grid side converter (GSC) is dedicated to injecting reactive power to the grid for the transient voltage support. However, the rotor-side converter (RSC) has different control tasks for different periods of the grid fault. Firstly, for Period I, the RSC injects the demagnetizing current to ensure the controllability of the rotor voltage. Then, since the dc stator flux degenerates rapidly in Period II, the required demagnetizing current is low in Period II and the RSC uses the spare capacity to additionally generate the reactive (priority) and active current so that the transient voltage capability is corroborated and the DFIG also positively responds to the system frequency dynamic at the earliest time. Finally, a small amount of demagnetizing current is provided after the fault clearance. Most of the RSC capacity is used to inject the active current to further support the frequency recovery of the system. Simulations are carried out on a simple power system with a wind farm. Comparisons with other commonly used control methods are performed to validate the proposed control method. Project supported by the National Natural Science Foundation of China (Grant No. 51307124) and the Major Program of the National Natural Science Foundation of China (Grant No. 51190105).

  5. The Investment Paradigm

    Science.gov (United States)

    Perna, Mark C.

    2005-01-01

    Is marketing an expense or an investment? Most accountants will claim that marketing is an expense, and clearly that seems true when cutting the checks to fund these efforts. When it is done properly, marketing is the best investment. A key principle to Smart Marketing is the Investment Paradigm. The Investment Paradigm is understanding that every…

  6. Study on Financial Scheme of BT Project with Joint Investment from Government and Enterprise%政企合作投资BT项目财务方案研究

    Institute of Scientific and Technical Information of China (English)

    杜向荣; 渡边法美

    2016-01-01

    The current Chinese regulation doesn’t state the financial analysis contents of BT project with joint investment from government and enterprise, which shall comprise the feasibility study report of the BT pro-ject. In this paper, by investigating the financial analysis rule of government investment and considering the char-acteristics of joint investment, the respective input amount of government and enterprise in project shall be planned, and then the annualANC, ICR,DSCR,LOAR and enterprise’s FIRR of project shall be calculated. The relevant financial indicators of BT project shall be subject to financial requirement, otherwise, the input amount of government and enterprise shall be adjusted. In the end of this paper, by taking the Student Apartment of E Uni-versity as an example, the financial analysis process is introduced, by which the preparation, review and approval of feasibility study report of BT project shall be guided in the future.%对于政企合作投资 BT 项目的可行性研究报告而言,现行法规尚未明确其财务分析内容。本文通过研究现有政府投资项目的财务分析规定,根据政企合作投资的特点,提出应先拟定政企财务投入金额,再计算项目累计净现金流 ANC、项目整体财务指标 ICR、DSCR、LOAR和项目企业财务指标FIRR的方案;并指出应确保各项指标处于合理范围,否则应调整政企财务投入比例。本文以学生公寓项目为例,具体介绍了政企合作BT项目的财务分析过程,对可行性研究报告的编制和审批具有借鉴意义。

  7. Investment climate in Vietnam: potentials and limitations

    OpenAIRE

    Nguyen Thi Hong Bach Lien; Shatokhina, Anastasia Olegovna

    2016-01-01

    Due to economic renovation in 1986, Vietnam has gained a number of convincing social-economic achievements. One of the factors determining the success of Vietnam's economy is the support of foreign direct investment. Thus, the study and analysis of the determinants, affecting the ability to attract foreign investment have become more practically oriented and necessary. The main purpose of the article is to clarify the definition of investment climate and its characteristics in Vietnam. The ar...

  8. Colour schemes

    DEFF Research Database (Denmark)

    van Leeuwen, Theo

    2013-01-01

    This chapter presents a framework for analysing colour schemes based on a parametric approach that includes not only hue, value and saturation, but also purity, transparency, luminosity, luminescence, lustre, modulation and differentiation....

  9. Secret sharing scheme with inherited characteristic

    Institute of Scientific and Technical Information of China (English)

    Ye Zhenjun; Meng Fanzhen

    2006-01-01

    To assure the shareholders can look for their "legal" attorneys to renew the secret, once the secret sharing scheme is initialized, a secret sharing scheme with inherited characteristic is constructed. In this scheme, each shareholder can produce a new share by his algorithm, which is equivalent to the primary one. Together with other shares, the primary secret can be renewed. Since this scheme is constructed not by replacing the primary share with a new share produced by the dealer in his primitive secret sharing scheme, so no matter how much shares the shareholder produces, these shares can not be gathered together to renew the secret in this scheme. Compared with the existing secret sharing schemes, this scheme provides more agility for the shareholders by investing each of them a function but not affect its security.

  10. An FCB Unit Placement Scheme Considering Investment Cost and Economic Benefit%综合考虑投资成本和经济收益的快速切回机组布点方案

    Institute of Scientific and Technical Information of China (English)

    刘崇茹; 熊岑; 吴旻昊; 龙霏; 劲宇

    2015-01-01

    With the maturity of fast cut back(FCB)technology of large-scale thermal power units,it is now possible to use the FCB unit as the black-start power supply after a blackout.Planning the location of FCB units should take the engineering practice into account.The properties of the optimized placement scheme of FCB units are derived with the graph theory method.The successive property of the optimal placement scheme with known active point numbers is proved.Then the recursive method is presented for optimizing the placement scheme of FCB units.An economic index is then developed.Based on the calculating results of the recursive method,a placement scheme of FCB units meeting both safety and economic requirements can be obtained according to the economic index.Example analysis results show that the recursive method is more efficient and has a higher robustness than the conventional method.Meanwhile,with reference to the economic index,it can be seen that the calculation results can be used as a basis for black-start power supply planning.%随着大型火电机组快速切回(FCB)技术的成熟,将 FCB 机组作为大停电后黑启动电源的设想成为可能。规划 FCB 机组的布点位置,应兼顾工程实际。文中首先采用图论方法推导了最优布点方案的性质,证明已知活跃顶点个数的最优布点方案具有继承性。继而提出采用递推法对 FCB机组布点方案进行寻优。然后,建立了 FCB 机组布点方案的经济效益指标,基于递推法计算结果,依据该指标筛选出同时满足安全性和经济性要求的 FCB 机组最优布点方案。算例分析结果表明,递推法较常规方法计算效率高、鲁棒性强。并且,结合经济性指标,得到的结果方案可作为实际系统黑启动电源规划的决策依据。

  11. Biomass Power Generation Investment in China: A Real Options Evaluation

    Directory of Open Access Journals (Sweden)

    Mingming Zhang

    2016-06-01

    Full Text Available This paper proposes a real options model for evaluating the biomass power generation investment in China. The uncertainties in the market price of electricity, CO2 price and straw price are considered. Meanwhile the dynamic relationship between installed capacity and fuel cost, as well as the long-term reduction of subsidy are described. Two scenarios, i.e., with the carbon emission trading scheme existent and non-existent, respectively, is built to empirically analyze the investment of a 25-MW straw-based power generation project. The results show that investors should undertake the investment in 2030 under two scenarios. Investment values are 14,869,254.8 and 37,608,727 Chinese Yuan (RMB, respectively. The implementation of the carbon emission trading scheme theoretically helps improve investment value and advance the most likely optimal investment time. However, the current CO2 price is not sufficient to advance the most likely optimal investment time. The impacts of several factors, including subsidy policy, CO2 price, straw price, installed capacity, correlation structure and the validity period of investment, on the optimal investment strategy are also examined. It is suggested that governments take some measures, including increasing subsidy, setting the growth pattern of subsidy and establishing and perfecting a nationwide carbon trading market, to improve the investment environment and attract more investments.

  12. Good governance for pension schemes

    CERN Document Server

    Thornton, Paul

    2011-01-01

    Regulatory and market developments have transformed the way in which UK private sector pension schemes operate. This has increased demands on trustees and advisors and the trusteeship governance model must evolve in order to remain fit for purpose. This volume brings together leading practitioners to provide an overview of what today constitutes good governance for pension schemes, from both a legal and a practical perspective. It provides the reader with an appreciation of the distinctive characteristics of UK occupational pension schemes, how they sit within the capital markets and their social and fiduciary responsibilities. Providing a holistic analysis of pension risk, both from the trustee and the corporate perspective, the essays cover the crucial role of the employer covenant, financing and investment risk, developments in longevity risk hedging and insurance de-risking, and best practice scheme administration.

  13. Future perspectives toward the early definition of a multivariate decision-support scheme employed in clinical decision making for senior citizens.

    Science.gov (United States)

    Frantzidis, Christos A; Gilou, Sotiria; Billis, Antonis; Karagianni, Maria; Bratsas, Charalampos D; Bamidis, Panagiotis

    2016-03-01

    Recent neuroscientific studies focused on the identification of pathological neurophysiological patterns (emotions, geriatric depression, memory impairment and sleep disturbances) through computerised clinical decision-support systems. Almost all these research attempts employed either resting-state condition (e.g. eyes-closed) or event-related potentials extracted during a cognitive task known to be affected by the disease under consideration. This Letter reviews existing data mining techniques and aims to enhance their robustness by proposing a holistic decision framework dealing with comorbidities and early symptoms' identification, while it could be applied in realistic occasions. Multivariate features are elicited and fused in order to be compared with average activities characteristic of each neuropathology group. A proposed model of the specific cognitive function which may be based on previous findings (a priori information) and/or validated by current experimental data should be then formed. So, the proposed scheme facilitates the early identification and prevention of neurodegenerative phenomena. Neurophysiological semantic annotation is hypothesised to enhance the importance of the proposed framework in facilitating the personalised healthcare of the information society and medical informatics research community.

  14. Guangxi Aluminum Giant Made Investment in Changfeng

    Institute of Scientific and Technical Information of China (English)

    2012-01-01

    <正>A aluminum processing and supporting project (450,000 tons) of Hefei Guangyin Aluminum Company kicked off in Xiatang Town of Changfeng County recently. It is a project jointly invested by Guangxi Investment Group and Guangxi Baise Guangyin Aluminum in Xiatang Town of Changfeng County.

  15. Investment innovation trends: Factor-based investing

    Directory of Open Access Journals (Sweden)

    Sanja Centineo

    2017-05-01

    Full Text Available This article shows that it can take a long period of time until research knowledge finds its application in practice and get disseminated as innovation trend. Factor-based investing is such an example. Having its developing roots in the nineties, it took more than two decades until this approach was detected by the by investment community. The goal of this article is to recall the definition of factor investing, present its historical evolvement and motivate its recent break-through and current trend among investment practitioners (known also under the notion smart beta. It aims at familiarizing with this investment approach from a practical perspective and highlighting its diversifying benefits in a portfolio context with the potential to outperform the market on risk-adjusted basis.

  16. Design and Performance Evaluation of Contention Resolution Schemes with QoS Support for Multimedia Traffic in High Bit-Rate Wireless Communications

    Science.gov (United States)

    Srichavengsup, Warakorn; Charoenpanichkit, Akkarapat; Wuttisittikulkij, Lunchakorn

    This paper considers the problem of contention resolution algorithm for multi-class with quality of service (QoS) constrained for wireless communication. Five different channel reservation schemes are proposed, namely, UNI+MLA, UNI+DS, UNI+DS+MLA, Partial UNI and Partial UNI+MLA schemes for multimedia traffic, all are extensions of our recently proposed UNI scheme for single-class traffic. The goal is to achieve the highest system performance and enable each traffic type to meet its QoS requirements. We evaluate the performance of each scheme by mathematical analysis. The numerical results show that our proposed schemes are effective in enabling each traffic type to achieve the best successful rate possible in this kind of environment. Finally when comparing between our proposed schemes and conventional technique in terms of both throughput performance and QoS requirements it is found that the UNI+MLA, UNI+DS+MLA and Partial UNI+MLA schemes are relatively efficient and suitable for practical applications.

  17. Specialized Investment Services

    Science.gov (United States)

    Burgess, Robert S.

    1970-01-01

    The informational needs of the investing public should be met by the public library. Suggestions for specialized investment information services with broad appeal, technical charts, and advisory services which public libraries might consider purchasing. (JS)

  18. Socially Responsible Investing

    DEFF Research Database (Denmark)

    Parisi, Cristiana; Stang, Andreas

    This paper analyzes the Scandinavian market for Socially Responsible Investing (SRI) mutual funds in order to determine the returns from discriminatory investment decision compared to the return from conventional portfolios. The analysis is conducted on 642 Scandinavian equity mutual funds...

  19. Quantitative investment analysis

    CERN Document Server

    DeFusco, Richard

    2007-01-01

    In the "Second Edition" of "Quantitative Investment Analysis," financial experts Richard DeFusco, Dennis McLeavey, Jerald Pinto, and David Runkle outline the tools and techniques needed to understand and apply quantitative methods to today's investment process.

  20. Optimal Responsible Investment

    DEFF Research Database (Denmark)

    Jessen, Pernille

    The paper studies retail Socially Responsible Investment and portfolio allocation. It extends conventional portfolio theory by allowing for a personal value based investment decision. When preferences for responsibility enter the framework for mean-variance analysis, it yields an optimal...... responsible investment model. An example of index investing illustrates the theory. Results show that it is crucial for the responsible investor to consider portfolio risk, expected return, and responsibility simultaneously in order to obtain an optimal portfolio. The model enables responsible investors...

  1. Foreign Investment Expanded

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    The paid-in foreign direct investment in China totaled $74.8 billion in 2007,up 13.6 percent year on year Foreign investment in China has continued robust growth despite the new corporate income tax poli- cies. Figures from the National Bureau of Statistics show that paid-in foreign direct investment(FDI)(excluding investment from foreign financial institutions)totaled $74.8 billion in 2007,up 13.6 percent year

  2. Managerial Stock Compensation and Risky Investment

    Directory of Open Access Journals (Sweden)

    Raluca Georgiana Nastasescu

    2009-06-01

    Full Text Available This study analyzes the relationship between the mix of CEO equity-based compensation, namely stock options and restricted stock, and firms' risky investment. In general, the theory suggests that long-term compensation aligns CEOs' and shareholders' interests by inducing the managers to undertake risky investment, which has a positive impact on longterm well-being of the firm. However, as my results show, it is important to distinguish between types of awards since they can have different effects on the riskiness of the firm. In this respect, I answer the question how are different types of stock based compensation related to the executives' determination to increase or not the intensity of the firm's risky investment? I find that awarding the CEOs preponderantly with stock options positively affects the firm's level of R&D investment. Conversely, a higher proportion of restricted stock in the CEO's compensation is related to lower investment in (risky R&D. The inverse relation of causality also holds. Firms that make intensive R&D investments are more likely to award their CEOs with more stock options relative to restricted stock. Overall, the results are consistent with the theoretical prediction, in that the managerial compensation scheme plays an important role in determining the level of R&D investment.

  3. Application of Combined Supporting Scheme in the Fault Fracture Zone of Roadway%联合支护在巷道断层破碎带的应用

    Institute of Scientific and Technical Information of China (English)

    冯长飞; 齐杰

    2015-01-01

    The -450 m strike drift of Dajiazhuang shaft in Tianxin iron mine gets through the F10 fault fracture zone,the drilling hole depth is 40 m,the quantity of water gushing is 75 m3 /h,the sticking phenomenon is serious in the process of drilling.In order to deal with the water gushing in the process of tunneling,the working face pre-grouting technology is adopted to form the curtain around the roadway so as to seal the water gushing and reinforce the surrounding rock.The phenomenon of roof caving of work-ing face is appeared after pre-tunneling,the combined supporting scheme based on the advance tubing shield,steel arch shelf and rock bolt-net-shotcreting is adopted to get through the fault fracture zone suc-cessfully,and the good effect is obtained.%田兴铁矿大贾庄进风井-450 m 沿脉巷穿过 F10断层破碎带,探孔长探40 m,涌水量达到75 m3/h,且钻进过程卡钻严重。为防止掘进过程中出现大涌水,采用工作面预注浆技术,在巷道周边形成帷幕,封堵涌水并加固围岩。试掘后工作面顶板出现冒落,采用超前管棚、钢拱架、锚喷网3种方式联合支护,取得了较好的效果,顺利通过断层破碎带。

  4. Sustainable Markets Investment Briefings: Foreign investment contracts

    Energy Technology Data Exchange (ETDEWEB)

    Cotula, Lorenzo

    2007-08-15

    This is the fourth of a series of briefings which discuss the sustainable development issues raised by legal arrangements for the protection of foreign investment. The briefings are based on legal research by IIED and its partners. The goal is to provide accessible but accurate information for human rights, development and environmental organisations working on issues raised by foreign investment in low- and middle-income countries. Briefing 4 sets out some of the ways in which foreign investment contracts can impact on sustainable development.

  5. Socially responsible investments

    CERN Document Server

    Antonella Del Rosso

    2012-01-01

    In addition to well-established working principles based on conservative and capital preservation oriented investments that ensure it a sustainable future, the CERN Pension Fund recently introduced a new criterion for selecting the numerous opportunities that the market offers: philanthropy. Its first initiative, which also involves the Staff Association’s Long-Term Collection, will help support two orphanages in China.   The two charities are located near Beijing. Beijing’s “China Children Charity and Foundation” is an orphanage that cares for up to 80 babies who need surgery to correct birth defects. The other, “Hope Healing Home”, is an organization that deals with 300 babies and cares for sick and physically disabled babies who have been abandoned. All these babies are awaiting treatment and a medical solution. The CERN Pension Fund has over 6700 members. To ensure the greatest efficiency and profitability, the Fund’s por...

  6. Seasonality influences cuticle melanization and immune defense in a cricket: support for a temperature-dependent immune investment hypothesis in insects

    National Research Council Canada - National Science Library

    Fedorka, Kenneth M; Copeland, Emily K; Winterhalter, Wade E

    2013-01-01

    ... selection on cuticle color. Support for the latter hypothesis comes from the cricket Allonemobius socius, where cuticle darkness and immune-related phenoloxidase activity increase with latitude...

  7. Water2Invest: Global facility for calculating investments needed to bridge the climate-induced water gap

    Science.gov (United States)

    Straatsma, Menno; Droogers, Peter; Brandsma, Jairus; Buytaert, Wouter; Karssenberg, Derek; Meijer, Karen; van Aalst, Maaike; van Beek, Rens; Wada, Yoshihide; Bierkens, Marc

    2013-04-01

    Decision makers responsible for climate change adaptation investments are confronted with large uncertainties regarding future water availability and water demand, as well as the investment cost required to reduce the water gap. Moreover, scientists have worked hard to increase fundamental knowledge on climate change and its impacts (climate services), while practical use of this knowledge is limited due to a lack of tools for decision support under uncertain long term future scenarios (decision services). The Water2Invest project aims are to (i) assess the joint impact of climate change and socioeconomic change on water scarcity, (ii) integrate impact and potential adaptation in one flow, (iii) prioritize adaptation options to counteract water scarcity on their financial, regional socio-economic and environmental implications, and (iv) deliver all this information in an integrated user-friendly web-based service. Global water availability is computed between 2006 and 2100 using the PCR-GLOBWB water resources model at a 6 minute spatial resolution. Climate change scenarios are based on the fifth Assessment Report (AR5) of the IPCC Coupled Model Intercomparison Project (CMIP5) that defines four CO2 emission scenarios as representative concentration pathways. Water demand is computed for agriculture, industry, domestic, and environmental requirements based on socio-economic scenarios of increase in population and gross domestic product. Using a linear programming algorithm, water is allocated on a monthly basis over the four sectors. Based on these assessments, the user can evaluate various technological and infrastructural adaptation measures to assess the investments needed to bridge the future water gap. Regional environmental and socioeconomic effects of these investments are evaluated, such as environmental flows or downstream effects. A scheme is developed to evaluate the strategies on robustness and flexibility under climate change and scenario uncertainty

  8. Comparison on Construction Schemes of Cast-in-situ Simply Supported Box Gird by Supporting Frame Method on Tianjing-Qinghuangdao Passenger-dedicated Lines%津秦客运专线简支箱梁支架现浇施工方案比较

    Institute of Scientific and Technical Information of China (English)

    赵成贵

    2013-01-01

    In this paper, the construction of 31. 5 m simply supported box gird with standard span by supporting frame method is taken as an example, which is sited on Tianjin-Qinghuangdao Passenger-dedicated Line. This paper introduces three cast-in-situ construction schemes respectively, including double-deck Bailey supporting frame with two supporting points, single-deck Bailey supporting frame with four supporting points, and bowl-buckle supporting frame. Then, after comparison on the applicability as well as advantages and disadvantages of the three schemes, it is concluded that the scheme of four support-points supporting frame is the most economical scheme.%以津秦铁路客运专线31.5m标准跨径简支粱支架法施工为例,分别介绍2支点双层贝雷梁支架、4支点单层贝雷梁支架及碗扣式支架现浇施工方案,以及3种类型支架方案的各自适用条件和优缺点,相对比较,其中以4支点支架工程量最小.

  9. Action Investment Energy Games

    DEFF Research Database (Denmark)

    Larsen, Kim Guldstrand; Laursen, Simon; Srba, Jiri

    2012-01-01

    We introduce the formalism of action investment energy games where we study the trade-off between investments limited by given budgets and resource constrained (energy) behavior of the underlying system. More specifically, we consider energy games extended with costs of enabling actions and fixed...... budgets for each player. We ask the question whether for any Player 2 investment there exists a Player 1 investment such that Player 1 wins the resulting energy game. We study the action investment energy game for energy intervals with both upper and lower bounds, and with a lower bound only, and give...... a complexity results overview for the problem of deciding the winner in the game....

  10. The Investment Environment for Renewable Energy Development in Lithuania: The Electricity Sector

    Directory of Open Access Journals (Sweden)

    Milčiuvienė Saulė

    2014-06-01

    Full Text Available The article analyzes the investment environment in renewable electricity generation capacities, evaluating the credibility of long term renewable energy targets, the stability of promotion schemes and the impartiality of national administrative procedure. The article explores two main questions: (i are the EU and Lithuanian energy policy targets and promotion schemes credible enough to convince private investors to put their money in renewable energy development; (ii does national administrative procedure put a disproportional burden on renewable energy investors or on certain group of investors? The assessment of the investment environment includes a large number of criteria, but we analyze three of them: the stability of long term strategy; the attractiveness of promotionmeasures; and the simplicity and transparency of administrative procedure. Two further criteria are investigated: the stability of targets in renewable energy and the stability of promotional measures. The greatest uncertainty for investors occurs because of constantly changing support schemes of renewable energy sources-schemes that are not harmonized among the member States. At the national level the main driver in the development of small generators is the feed-in tariff. However, the high feed-in tariff does not always guarantee the smooth development of small scale generators of renewable energy.

  11. Why Foreign Direct Investment- Albanian Case

    Directory of Open Access Journals (Sweden)

    Edlira Luçi

    2015-05-01

    Full Text Available Among other financial inflows, foreign direct investment makes a major stimulus to economic growth in many developing countries. The ability to deal with two major obstacles, namely, the shortages of financial resources and the lack of technology and skills, has put foreign direct investments in the centre of attention for policy-makers, particularly in developing countries. Albania is committed to maintaining an open environment for investments. This is vital for a long-term and sustainable economic growth. As a lowsavings developing economy, with high domestic investment requirements, Albania needs to attract foreign direct investment in order to support domestic investment financing requirements. However, Albania has not been successful in obtaining substantial and consistent FDI inflows. Furthermore, the meagre inflows that the country has received have not been utilized appropriately to enhance the economic performance. The type of FDI and its structural composition matter as much for economic growth. This paper reviews the recent evidence on the scale of FDI to Albania. The paper reviews also some of the main areas of the existing policy framework for inward FDI in Albania among the major factors determining foreign companies' decisions to invest in Albania. We discuss these issues and try to make the case for a more coherent, harmonized and transparent framework to cover all foreign direct investment into Albania. The regulation of inward investment is one of several policy and institutional variables likely to influence the volume of FDI.

  12. Optimal Responsible Investment

    DEFF Research Database (Denmark)

    Jessen, Pernille

    Numerous institutions are now engaged in Socially Responsible Investment or have signed the "UN Principles for Responsible Investment". Retail investors, however, are still lacking behind. This is peculiar since the sector constitutes key stakeholders in environmental, social and governmental...... investment model identified. Implications of the altered investment problem are investigated when the dynamics between portfolio risk, expected return and responsibility is considered. Relying on the definition of a responsible investor, it is shown how superior investment opportunities can emerge when...... standards. This paper considers optimal responsible investment for a small retail investor. It extends conventional portfolio theory by allowing for a personal-value based investment decision. Preferences for responsibility are defined in the framework of mean-variance analysis and an optimal responsible...

  13. An Adaptively Secure KP-ABE Scheme Supporting User's Private Key Revocation%一个适应性安全的支持用户私钥撤销的KP-ABE方案

    Institute of Scientific and Technical Information of China (English)

    黄杜煜; 张振峰; 张立武

    2012-01-01

    User's private key revocation is crucial to the practical use of ABE. The existing ABE schemes supporting user's private key revocation could revoke user's private key by introducing the concept of the user's identity and revoking user's identity. But the security of these schemes could only reach selective security. Based on the idea of the existing schemes, we construct an adaptively secure KP-ABE scheme supporting user's private key revocation on composite order bilinear groups by combining Lewko's adaptively secure ABE scheme and Leyou Zhang's adaptively secure identity-based broadcast encryption scheme.%用户私钥撤销是基于属性的加密(Attribute Based Encryption,ABE)方案在实际应用中所必需解决的问题.现有的支持用户私钥撤销的ABE方案通过引入用户身份的概念,以撤销用户身份的方式实现了对用户私钥的撤销,但其安全性只能达到选择性安全.本文借鉴已有方案的思想,通过将Lewko等人提出的适应性安全ABE方案与Leyou Zhang提出的适应性安全基于身份的组播加密方案相结合,利用双系统加密技术,在合数阶双线性群上实现了一个适应性安全的支持对用户私钥进行撤销的KP-ABE方案.

  14. Asignación óptima de capital en base al perfil de riesgo de las instituciones de inversión colectiva: una aplicación de las medidas de riesgo distorsionadas || Optimal Capital Allocation Based on the Risk Profile of Collective Investment Schemes: An Application of Distortion Risk Measures

    Directory of Open Access Journals (Sweden)

    Belles-Sampera, Jaume

    2013-01-01

    the liquidity coefficients of Collective Investment Schemes (IIC belonging to a Management Company of Collective Investment Schemes. In this new context, the risk undertaken by each IIC is assessed with alternative distortion risk measures. We develop a fictitious case where results suggest that the risk profile of institutions should be a key factor to determine liquidity coefficients in order to not penalize conservative strategies.

  15. Formal Verification of NTRUEncrypt Scheme

    Directory of Open Access Journals (Sweden)

    Gholam Reza Moghissi

    2016-04-01

    Full Text Available In this paper we explore a mechanized verification of the NTRUEncrypt scheme, with the formal proof system Isabelle/HOL. More precisely, the functional correctness of this algorithm, in its reduced form, is formally verified with computer support. We show that this scheme is correct what is a necessary condition for the usefulness of any cryptographic encryption scheme. Besides, we present a convenient and application specific formalization of the NTRUEncrypt scheme in the Isabelle/HOL system that can be used in further study around the functional and security analysis of NTRUEncrypt family.

  16. Settlement Schemes as Centres of Socio-Economic Change: The ...

    African Journals Online (AJOL)

    ... characterized by investing in the environment, being more individualistic and self-reliant. ... settlement scheme, population pressure, Abagusii, traditional land reserves, ... Enbref, les paysans ont transformé leurs techniques culturales de ...

  17. 超效率数据包络分析模型在装备维修保障方案评估中的应用%Application of SE-DEA model on the Equipment Maintenance Support Scheme Evaluation

    Institute of Scientific and Technical Information of China (English)

    王秀华; 李忠光; 何志桂

    2016-01-01

    针对传统数据包络分析方法在方案评估中不能对多个有效决策单元进一步排序的问题,采用超效率数据包络分析对装备维修保障方案进行评估。分析构建了评估指标体系,建立了基于超效率数据包络分析的装备维修保障方案评估模型;运用MATLAB编程,得到各方案的目标函数值θ*,依据θ*值大小对装备维修保障方案的优劣进行排序,并对无效方案提出改进办法。实际应用表明了方法的有效性。%To tackle the issue that traditional data envelopment analysis cannot further sort multi-ple effective decision units in the scheme evaluation,the paper conducts evaluation on the equipment maintenance support plan with super efficiency data envelopment analysis (SE-DEA).The analysis is used to build up an evaluation indicator system and then an equipment maintenance support scheme based on super efficiency data envelopment analysis;it draws the obj ective function value of each scheme by MATLAB programming. The paper also sorts the equipment maintenance support schemes according to the advantages and disadvantages in terms of value and proposes improvement approaches for ineffective schemes.The practical applications demonstrate the effectiveness of the ap-proaches.

  18. Supporting public involvement in research design and grant development: a case study of a public involvement award scheme managed by a National Institute for Health Research (NIHR) Research Design Service (RDS).

    Science.gov (United States)

    Boote, Jonathan D; Twiddy, Maureen; Baird, Wendy; Birks, Yvonne; Clarke, Clare; Beever, Daniel

    2015-10-01

    It is good practice for the public to be involved in developing health research. Resources should be available for researchers to fund the involvement of the public in the development of their grants. To describe a funding award scheme to support public involvement in grant development, managed by an NIHR Research Design Service (RDS). Case examples of how the award contributed to successful grant applications and findings from a recent evaluation of the scheme are presented. A case study of resource provision to support public involvement activities in one region of England. University and NHS-based researchers, and members of the public. Between 2009 and 2012, the RDS approved 45 public involvement funding awards (totalling nearly £19,000). These awards contributed to 27 submitted applications at the time of writing, of which 11 were successful (totalling over £7.5 million). The evaluation revealed difficulties encountered by some researchers when involving the public in grant development, which led to suggestions about how the scheme could be improved. This award scheme represents an efficient method of providing researchers with resources to involve the public in grant development and would appear to represent good value for money. © 2013 John Wiley & Sons Ltd.

  19. Encouraging private sector investment in climatefriendly technologies in developing countries. An assessment of policy options for the Dutch government

    Energy Technology Data Exchange (ETDEWEB)

    Van Rooijen, S.N.M.; Van Wees, M.T. [Capacity for Sustainable Development CAP SD, Amersfoort (Netherlands)

    2006-10-15

    This study aims to explore new or reformed policies to be adopted by the Dutch government to encourage private sector investments in climate-friendly technologies in developing countries. A literature review of barriers to climate-friendly investments and of directions for solutions has been complemented with a number of in-depth interviews with stakeholders representing the major actors involved in investment projects (project sponsors, financing institutions, institutional investors and government). The barrier analysis has resulted in the following list of key obstacles to climate-friendly investments: (1) Lack of a sound, transparent and stable enabling environment for investing in developing countries; (2) Shortage of experienced and creditworthy sponsors; (3) High specific project risks; (4) Overestimation investment risks related to (sustainable) investments in developing countries in general (risk perspective); (5) Additional costs of climate-friendly technologies; (6) Shortage of risk capital; (7) Insufficient guarantee mechanisms; (8) Lack of know-how on public-private partnership structures and on financial design; and (9) Lack of insight how corporate social responsibility can be operationalised. Four main gaps have been identified on the basis of an assessment of current Dutch policies and instruments: (1) Shortage of instruments to directly promote investments; (2) Underdeveloped guarantee instruments; (3) Too restrictive cap on project size in financial schemes; (4) Lack of support in operationalising the concept of corporate social responsibility. Four areas for new or intensified policies have been identified based on the barrier and gap analysis: (1) Direct promotion of (potentially large scale) investments, including: (a) Supporting (the establishment of) sponsor companies developing sustainable energy projects in developing countries; (b) Making risk capital available; (c) Creating investment credit facilities; (d) Making development capital in

  20. Does Foreign Aid Increase Foreign Direct Investment?

    DEFF Research Database (Denmark)

    Selaya, Pablo; Sunesen, Eva Rytter

    that the theoretical relationship between foreign aid and FDI is indeterminate. Aid may raise the marginal productivity of capital by financing complementary inputs, such as public infrastructure projects and human capital investment. However, aid may also crowd out productive private investments if it comes......  The notion that foreign aid and foreign direct investment (FDI) are complementary sources of capital is conventional among governments and international cooperation agencies. This paper argues that the notion is incomplete. Within the framework of an open economy Solow model we show...... in the shape of physical capital transfers. We therefore turn to an empirical analysis of the relationship between FDI and disaggregated aid flows. Our results strongly support the hypotheses that aid invested in complementary inputs draws in foreign capital while aid invested in physical capital crowds out...

  1. Testing evolutionary theories of discriminative grandparental investment.

    Science.gov (United States)

    Kaptijn, Ralf; Thomese, Fleur; Liefbroer, Aart C; Silverstein, Merril

    2013-05-01

    This study tests two evolutionary hypotheses on grandparental investments differentiated by the child's sex: the paternity uncertainty hypothesis and the Trivers-Willard hypothesis. Data are from two culturally different countries: the Dutch Longitudinal Aging Study Amsterdam (n=2375) and the Chinese Anhui Survey (n=4026). In the Netherlands, grandparental investments are biased towards daughters' children, which is in accordance with the paternity uncertainty hypothesis. But in China, grandparental investments are biased towards sons' children, which is in conflict with the paternity uncertainty hypothesis. This study found no support for the Trivers-Willard hypothesis. These results raise doubts over the relevance of paternity uncertainty as an explanation of a grandparental investment bias towards daughters' children that is often found in Western populations. The results suggest that discriminative grandparental investments are better understood as the outcome of cultural prescriptions and economic motives.

  2. Can adding web-based support to UK primary care exercise referral schemes improve patients’ physical activity levels? Findings from an internal pilot study.

    Directory of Open Access Journals (Sweden)

    Adrian Taylor

    2015-10-01

    Full Text Available Background: Promoting physical activity (PA via primary care exercise referral schemes (ERS is common but there is no rigorous evidence for long term changes in PA (Pavey et al, 2011 among those with chronic conditions. From July 2015, for 15 months, the e-coachER trial began to recruit 1400 patients (in SW England, Birmingham and Glasgow with one or more chronic conditions including diabetes, obesity, hypertension, osteoarthritis, or depression, who are eligible and about to attend an ERS. The two-arm parallel RCT is powered to determine if the addition of a web-based, interactive, theory-driven and evidence-based support system called e-coachER (hosted on the ‘LifeGuide’ platform will result in at least 10% more patients who do 150 mins or more per week of accelerometer assessed moderate or vigorous physical activity (MVPA at 12 months. Recruitment into the trial is within primary care, using both mail-merged patient invitations and opportunistic GP invitations (and exercise referrals. Within the trial, after participants are screened, provide consent and complete baseline assessments, they are randomised to receive usual ERS at each site or usual ERS plus a mailed Welcome Pack with registration details to access e-coachER on-line. Inclusion criteria for entering the trial are: (1 Aged 16-74 years; (2 with one or more of the following: obesity (BMI 30-35, hypertension (SBP 140-179 or DBP 90-109, type 2 diabetes, lower limb osteoarthritis, recent history of treatment for depression; (3 Participants who are in the two lowest (of four groups using the GP Physical Activity Questionnaire; (4 have an e-mail address and access to the internet; (5 Eligible for an ERS. The intervention rationale, design and content are reported in another presentation. Aims: This presentation will provide initial findings from a 3 month internal pilot phase with a focus on trial recruitment and initial intervention engagement. We will present data on the

  3. Determinants of Discretionary Investments

    Directory of Open Access Journals (Sweden)

    K. S. Sujit

    2016-03-01

    Full Text Available Theoretical and empirical studies have focused on discretionary investments such as research and development (R&D and advertisement as value-creating activities. This empirical research article examines the determinants of the discretionary investment policy of food sector firms in India. The study aims to analyze the impact of financial policies and firm characteristics on the discretionary investment strategy of the food industry firms. The article uses the partial least squares structural equation modeling (PLS-SEM to understand the drivers of discretionary investment policy of food sector firms. The study finds that investment policy of firms is a major determinant of profitability of food sector firms. Higher investments in capital expenditures and working capital result in higher profitability. Management efficiency significantly influences firm profitability. The results suggest that riskier firms in food sector might focus on R&D investments as a strategy to generate more cash flows. Size of firm is negatively related to R&D intensity. Smaller firms in food sector tend to invest more in R&D. The study does not provide evidence to suggest that profitable firms invest more in R&D activities.

  4. Optimal Responsible Investment

    DEFF Research Database (Denmark)

    Jessen, Pernille

    The paper studies retail Socially Responsible Investment and portfolio allocation. It extends conventional portfolio theory by allowing for a personal value based investment decision. When preferences for responsibility enter the framework for mean-variance analysis, it yields an optimal...... responsible investment model. An example of index investing illustrates the theory. Results show that it is crucial for the responsible investor to consider portfolio risk, expected return, and responsibility simultaneously in order to obtain an optimal portfolio. The model enables responsible investors...... to benefit from their personal preferences and to remain rational actors in the financial market....

  5. Optimal Responsible Investment

    DEFF Research Database (Denmark)

    Jessen, Pernille

    standards. This paper considers optimal responsible investment for a small retail investor. It extends conventional portfolio theory by allowing for a personal-value based investment decision. Preferences for responsibility are defined in the framework of mean-variance analysis and an optimal responsible......Numerous institutions are now engaged in Socially Responsible Investment or have signed the "UN Principles for Responsible Investment". Retail investors, however, are still lacking behind. This is peculiar since the sector constitutes key stakeholders in environmental, social and governmental...

  6. Colombia before an international investment arbitration

    Directory of Open Access Journals (Sweden)

    María Natalia Castro Peña

    2017-06-01

    Full Text Available International Investment Agreements provide guarantees and rights to the foreign investment in the receiving States, the protection of these rights is given by investor-state dispute settlement mechanisms. Thus far, Colombia is facing for the first time the challenge of defending itself before an international arbitration panel. For this purpose, the Colombian State adjusted its institutional scheme and implemented mechanisms to effectively prevent and address the disputes arising from these international treaties, through a stages’ legal framework, which is comprised of a negotiation and arbitration phase. In accordance with the above, a policy was adopted in order to train and understand the scope of these international treaties, identify the risks, prevent investment disputes and reduce the risk of claims from the measures taken by any State agency.

  7. Investments for urban infrastructure in boomtowns

    Energy Technology Data Exchange (ETDEWEB)

    Cummings, R.G.; Mehr, A.F.

    1977-04-01

    Planning for coordinated investments in community infrastructures can avoid economic and social disruptions when sudden changes lead to inadequate facilities. Analysis of a community's infrastructure can be complicated by difficulties in projecting population shifts, acquiring investment capital, and defining the optimum level for satisfying demands. A flow diagram illustrates an investment scheme based on setting community goals and criteria on the assumption that trade-offs exist. Although further research is needed before the costs and benefits of urban infrastructure can be detailed, an indirect approach is proposed for modeling a composite community with a large construction project. Results indicate that urban infrastructure can affect wage differentials, which are related to educational facilities in boom towns. Suggestions for further study on private capital expenditures, the influence of expectations on wage differentials, cost benefits for the total population, and the community's mechanism for decision making are proposed for a better understanding of urban infrastructure. (DCK)

  8. Modeling regulated water utility investment incentives

    Science.gov (United States)

    Padula, S.; Harou, J. J.

    2014-12-01

    This work attempts to model the infrastructure investment choices of privatized water utilities subject to rate of return and price cap regulation. The goal is to understand how regulation influences water companies' investment decisions such as their desire to engage in transfers with neighbouring companies. We formulate a profit maximization capacity expansion model that finds the schedule of new supply, demand management and transfer schemes that maintain the annual supply-demand balance and maximize a companies' profit under the 2010-15 price control process in England. Regulatory incentives for costs savings are also represented in the model. These include: the CIS scheme for the capital expenditure (capex) and incentive allowance schemes for the operating expenditure (opex) . The profit-maximizing investment program (what to build, when and what size) is compared with the least cost program (social optimum). We apply this formulation to several water companies in South East England to model performance and sensitivity to water network particulars. Results show that if companies' are able to outperform the regulatory assumption on the cost of capital, a capital bias can be generated, due to the fact that the capital expenditure, contrarily to opex, can be remunerated through the companies' regulatory capital value (RCV). The occurrence of the 'capital bias' or its entity depends on the extent to which a company can finance its investments at a rate below the allowed cost of capital. The bias can be reduced by the regulatory penalties for underperformances on the capital expenditure (CIS scheme); Sensitivity analysis can be applied by varying the CIS penalty to see how and to which extent this impacts the capital bias effect. We show how regulatory changes could potentially be devised to partially remove the 'capital bias' effect. Solutions potentially include allowing for incentives on total expenditure rather than separately for capex and opex and allowing

  9. INVESTMENT FUNDS IN ROMANIA

    Directory of Open Access Journals (Sweden)

    COPIL CRINA ANGELA

    2013-07-01

    Full Text Available I chose this topic because my goal was to capture in detail all aspects of the evolution of investment funds under the influence of factors leading to globalization of the banking financial market. Main motivation was that I proposed to present in an original manner the concept of investment in mutual funds by the thoroughness of the following points: the different types of investment funds from Romania, the advantages, the risks and the specific costs of the investment in mutual funds and the effects of the financial crisis on the industry of the investment funds on the national level. The financial crisis and the risk of infecting the global economy affected the taste of risk of the investors and their request for the investment fund, determining the orientation of the investors to the funds with a lower risk – the diversified funds, the funds of bonds and the monetary funds. I considered important the theoretical approach of the concept of investments in investment funds because they are a barometer of the macro economical stability, in case the economical increase is positive on the macro economical level the investments in investments funds are increasing too. In Romania the market of the mutual funds is at an incipient level, but with potential and perspectives of development. Due to the bankruptcy of FNI in the beginning of the years 2000 and due to the absence of a clear legislation regarding the calculation of the unitary value of the net asset and the control of the activity developed by the investment funds, the development of the industry of the investment funds had to fight against the crisis of credibility generated by these events. The convergence of the Romanian economy to the European standards will attract also a modification of the structure of the financial investments of the individuals, by an increase of the investments in funds. In the world the investment funds are preferred by the investors for their advantages

  10. Are the benefits of the 'Healthy Start' food support scheme sustained at three months postpartum? Results from the Sheffield 'before and after' study.

    Science.gov (United States)

    Mouratidou, Theodora; Ford, Fiona A; Wademan, Sarah E; Fraser, Robert B

    2010-10-01

    Early results examining nutritional behaviour of Caucasian, English-speaking, postpartum women living in Sheffield, who were beneficiaries or eligible for the Welfare Food Scheme (WFS) or the Healthy Start (HS) scheme, suggested significant between-groups differences. The aim of this study was to examine whether differences observed at 4 weeks postpartum were sustained over time. Eighty-six WFS and 64 HS participants were recruited at baseline and, thereafter, 53 WFS and 33 HS participants at week 8, and 47 WFS and 39 HS participants at week 12. Dietary intakes were assessed by an interviewer-administered, semi-quantified food frequency questionnaire. At 4 weeks, HS women had higher energy intakes compared to WFS women, (9.7 MJ and 8.1 MJ, respectively). Differences were also sustained at 8 weeks, (8.8 MJ and 7.2 MJ) and 12 weeks (9.4 MJ and 7.6 MJ) for the HS and WFS participants, respectively. Within-groups, energy and most of nutrient intakes did not change appreciably over time. Consumption of fruit and vegetables at baseline, were significantly higher (P = 0.023) for participants under the HS scheme (3.4 portions) compared to WFS participants (2.7 portions). Differences were sustained over time as HS women reported consuming 4.1 and 3.7 portions/day respectively at 8 and 12 weeks, as opposed to 2.8 and 2.7 portions/day reported by WFS women. The study findings provided evidence of the potential effectiveness of the HS scheme in a population subgroup at risk of dietary deficiencies. Early findings could provide a useful snapshot of the diet of such mobile population and should be further exploited.

  11. Nigeria Seeks Energy Investment from China

    Institute of Scientific and Technical Information of China (English)

    Shan Wenge

    2006-01-01

    @@ Nigeria sent a delegation to China in mid-July to seek investment in the oil-enriched nation. Currently, Nigeria has granted the Chinese oil companies the permits of four oil fields while the Chinese side offered technical support in the energy cooperation field. In addition to the energy sector, Nigeria's invitation of investment this time also covers transportation, finance, telecommunications and manufacturing sector.

  12. Indicators of responsible investing

    NARCIS (Netherlands)

    Scholtens, Bert

    2014-01-01

    Responsible investment has witnessed significant changes in the past decade. It is estimated that about one fifth of assets under management in the US and about half of all assets under management in the EU are done on the basis of one of the seven responsible investment strategies. This paper discu

  13. RUSSIAN INDUSTRY INVESTMENT SITUATION

    Directory of Open Access Journals (Sweden)

    O. V. Pochukaeva

    2011-01-01

    Full Text Available The actual deficiency of investment into Russian industry innovative development increases its technological drag from industries of countries with developed markets. Although the rate of investment into real sectors of Russian economics mid 2000 was higher compared to the previous period, annual investment amounts were much lower than in 1990. At present, highest investment amounts are directed to industry extractive branches and to the commerce. Amounts invested to various economy branches do not correspond to their contribution to the country’sGross Added Product; particularly underinvested are manufacturing industry branches. At present, foreign share in the country economy total investment makes 15–18%. Recently, most interesting for foreigners was investment to machine-building branches with overwhelming part (for example, 90% in 2007–2008 of foreign investment into the machine-building industry being directed to creation of new automobile plants. Today, first place in the list of foreign investors’ preferences in Russia is taken by the machine-tool construction sector.

  14. Investing in the Future

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    THIS month the pretty coastal city of Xiamen is buzzing with African visitors and while they will be taking in the tourist attractions in their spare time,the focus of the visit is the High-Level Symposium on China-Africa Investment Cooperation,held on the sidelines of China International Fair for Investment and Trade (CIFIT).

  15. Investment in Success

    Science.gov (United States)

    Weinstein, Margery

    2010-01-01

    Operating a financial investment company in an unstable economy is not easy. But the right training at Vanguard ensures satisfied customers. The company made an investment of its own in learning and development that paid off big in 2009. The learning offerings, both innovative and efficient, keep its workers updated on strategies that bring…

  16. 基于共协理论的创新驱动-投资互动的中国经济转型战略%Innovation-Driven and Investment-Supportive Strategies for China's Economic Transformation Based on Collabarative Theory

    Institute of Scientific and Technical Information of China (English)

    刘建华; 姜照华

    2015-01-01

    从广义的创新概念出发,根据经济增长的共协理论方法,把国内生产总值分解为劳动报酬、资本收益和共协利益,建立劳动报酬函数、资本收益函数和共协利益函数,并利用DEA方法测算要素配置效率,从而推导出创新等因素在经济增长中贡献率的测算公式,为“创新驱动型经济增长”提供理论基础和测算方法。建立中国经济增长的实证模型,对创新、投资等因素的贡献率进行分析;并测算和分析中国1978—2012年固定资产投资等边际收益率的演化趋势,论证“投资单边驱动”的不可持续性,进而提出和论述“创新驱动—投资互动”战略,使中国经济进入创新驱动的、结构升级的新型经济状态。%Embarks from the broad concept of innovation, and based on the method of collaborative theory, this paper decomposes the GDP into labor remuneration, capital gain and collaborative interest, and establishes their functions respectively, and then it estimates the factors allocative efficiency by adopting the DEA method, thus to derive the calculation formula for the contribution rate of innovation and other factors to economic growth, and ac-cordingly provide the theoretical basis and calculation method for the 'innovation-driven economic growth'. Be-sides, this paper establishes an empirical model for China's economic growth, and analyzes the contribution rate of innovation, investment and other factors; and estimates and analyzes the evolutionary trend of the marginal in-come ratio of fixed-asset investment and etc. from 1978-2012, and then demonstrates the unsustainability of unila-teral investment drive, thereby the authors put forward and discuss a strategy for China's economic transformation, i.e. the 'innovation-driven and invesment-supportive' strategies.

  17. Sanitation investments in Ghana

    DEFF Research Database (Denmark)

    Awunyo-Akaba, Y.; Awunyo-Akaba, J.; Gyapong, M.

    2016-01-01

    Background: Ghana’s low investment in household sanitation is evident from the low rates of improved sanitation. This study analysed how land ownership, tenancy security and livelihood patterns are related to sanitation investments in three adjacent rural and peri-urban communities in a district...... with people’s willingness and ability to invest in household sanitation across all communities. The status of being a stranger i.e. migrant in the area left some populations without rights over the land they occupied and with low incentives to invest in sanitation, while indigenous communities were challenged...... with local livelihoods and investments in private sanitation in rapidly changing rural and peri-urban communities of Ghana. Sanitation policy makers and programme managers must acknowledge that these profound local, ethnic and economic forces are shaping people’s abilities and motivations for sanitation...

  18. Competition in investment banking

    Directory of Open Access Journals (Sweden)

    Katrina Ellis

    2011-01-01

    Full Text Available We construct a comprehensive measure of overall investment banking competitiveness for follow-on offerings that aggregates the various dimensions of competition such as fees, pricing accuracy, analyst recommendations, distributional abilities, market making prowess, debt offering capabilities, and overall reputation. The measure allows us to incorporate trade-offs that investment banks may use in competing for new or established clients. We find that firms who switch to similar-quality underwriters enjoy more intense competition among investment banks which manifests in lower fees and more optimistic recommendations. Investment banks do compete vigorously for some clients, with the level of competition related to the likelihood of gaining or losing clients. Finally, investment banks not performing up to market norms are more likely to be dropped in the follow-on offering. In contrast, firms who seek a higher reputation underwriter face relatively non-competitive markets.

  19. Investment Lending as a Method Of Investment Projects Financing

    OpenAIRE

    Svitlana Urvantseva

    2014-01-01

    The article deals with the genesis consideration of "investment loan" definition. The author provides comparative characteristics of the main forms of investment projects financing involving credit institution. A generalized definition of the project financing and investment lending essence are suggested.

  20. Investment Lending as a Method Of Investment Projects Financing

    OpenAIRE

    Svitlana Urvantseva

    2014-01-01

    The article deals with the genesis consideration of "investment loan" definition. The author provides comparative characteristics of the main forms of investment projects financing involving credit institution. A generalized definition of the project financing and investment lending essence are suggested.

  1. GLOBALIZATION AND FOREIGN DIRECT INVESTMENTS

    Directory of Open Access Journals (Sweden)

    Elena Chirilă – Donciu

    2013-07-01

    Full Text Available Mobilizing financial resources to cover investment needs is a concern of all countries, developed or developing ones, of consolidated market economies or emerging ones. A distinctive characteristic of Global Economy over the last few decades has been the rising rate and impressive increase in Foreign Direct Investment (FDI. The purpose of this research is to analyse global FDI inflows in Europe and in Romania. The results of the research support the idea that the balance of economic power is changing in the world economy and the countries that own a stable and solid industrial base are at an advantage. The new trends determined by the economic crisis in the field of FDI refer to the growing percentage of developing and emerging countries in the global flows of FDI.

  2. Sustainable and economic feasibility of castor bean oil production: a methodology to support investments decision taking; Viabilidade economica e sustentabilidade da producao de oleo de mamona: uma metodologia de suporte a decisao de investimentos

    Energy Technology Data Exchange (ETDEWEB)

    Maia, Glawther Lima [Universidade Federal do Ceara (UFC), Fortaleza, CE (Brazil). Mestrado em Logistica e Pesquisa Operacional; Arruda, Joao Bosco Furtado [Universidade Federal do Ceara (UFC), Fortaleza, CE (Brazil)

    2008-07-01

    The castor bean agribusiness is supported by a complex supply chain that involves several inputs, main products and other derived products. So, the control of production costs is a basic and extremely important activity for the optimization of management processes. Using literature research, case study and assessment of scenarios, the present work was developed with the objective of conceiving a methodology, based on theoretical and economical aspects, the formation of costs and the revenue forecasting, which is applied with the aid of a computational program for supporting decision taking in the castor bean small producers agribusiness. The results obtained in the case study show, for example, that about 40% of the projects are considered accepted under the criterion of recovering the invested capital in less than 2 years. Also, it reveals that 75% of the projects contribute for the increase of the producer income and about 63% of the projects provide enough profit to add value to the producer's properties. Finally, it is clear that the proposed methodology makes easier a better agricultural planning, allowing a better utilization of the raw material and it facilitates the analysis of diversifying other derived products and revenue sources in the castor bean chain. (author)

  3. Nigerian banking sector Equity Investment Scheme in small and ...

    African Journals Online (AJOL)

    PROMOTING ACCESS TO AFRICAN RESEARCH ... As small and medium-scale enterprises (SMEs) are perceived as engine for economic growth ... venture capital, apparent bias of banks towards SMEs and regulatory challenges. ... Rwanda (3); Senegal (6); Sierra Leone (1); South Africa (96); South Sudan (1); Sudan (3) ...

  4. On solution scheme for foundation pit support adjacent to buildings with shallow foundation%紧邻浅基础建筑的基坑支护整体解决方案

    Institute of Scientific and Technical Information of China (English)

    郭莉

    2016-01-01

    结合天津市某工程的周边环境及水文地质条件,分析了该工程紧邻浅基础建筑的基坑支护设计难点,从支护方案选型、支护结构变形控制、止水措施、土方开挖等方面,提出了具体的基坑支护方案,确保了该项目周边环境的安全性。%Combining with the surrounding environment and hydraulic geological conditions of some project in Tianjin,the paper analyzes the de-sign difficulties in the foundation pit support in the project adjacent to buildings with shallow foundation,and points out the foundation pit support scheme from the support scheme selection,deformation control of support structure,waterproof measure,and civil excavation,so as to ensure the safety of the surrounding environment.

  5. A Critical Evaluation of UK Defined Benefit Pension Schemes Asset Allocation

    OpenAIRE

    Antha, Evelina

    2010-01-01

    Following the economic crisis which resulted in uncertainty of trustees to meet pension obligations, institutional investors are becoming more conscious of investment risks. They risk getting less return than previously forecasted as a result of falling prices in the equity market. In turn to mitigate the risk, the investment strategy of the schemes has been greatly influenced. Pension schemes currently have a tendency to shift their investment strategy from return-seeking to a liability driv...

  6. Investment Evaluation Difficulties

    Directory of Open Access Journals (Sweden)

    Bogdan Cosmin Gomoi

    2011-12-01

    Full Text Available The financial criteria used for evaluation of the enterprise are not numerous; however, they are causing heated discussion on whether using a criterion at the expense of another. The most utilized financial criteria used in the ranking of investment alternatives are: the net present value criterion, the internal rate of return criterion, the payback period limit criterion and last, but not least, the profitability index criterion. These criteria have in mind, in the first place: \tinvestments impact on enterprise profitableness and results, by recording the future positive cash-flow \tinvestments influence on the balance of an enterprise, traced through the evolution, on one side of the working capital , on the other hand, the size of necessary working capital \tincidence of the investment project on enterprise risk level Therefore, to ensure the best possible decision making, investors must choose of using, and why not, even construction of relevant indicators regarding the opportunity of an investment decision in one alternative or another. It is advisable to take into account a number of principles, which are nothing more than to highlight various aspects of technical analysis of investment projects. As a result, it is preferable not to neglect the value of money in time problem, solved by using dynamic indicators of investment; investment project analysis with reference the binomial risk - profitableness, ensuring that profitableness of an investment is directly proportional to the risk category in which is framed; the basis for the investment decision to materialize with the help of marginal cash flow analysis and, certainly not with the help of paper profits; taking into consideration the fiscal policy of the company; elimination of the inflationary phenomenon in the decision process; targeting of low risk investment projects, because this risk adds to the whole risk of the enterprise etc.

  7. US Investment Treaties and Labor Standards

    Directory of Open Access Journals (Sweden)

    Kwan-Ho Kim

    2006-06-01

    Full Text Available Korea and the United States declared the start of negotiations for the establishment of a free trade agreement. The FTA will include investment chapter. That means the Korea-US BIT (Bilateral Investment Treaty talk, which has been deadlocked since 1998, resumes as a part of FTA negotiations. The FTA investment chapter will be based on the US model BIT, which has been updated in 2004. The updated BIT version includes labor clause which provides that parties should not weaken labor standards in an effort to attract foreign investment. This clause is grounded on the criticism raised by labor groups which asserts that competition among countries to attract foreign investment leads to bidding wars in labor standards. No solid evidence is found in support of the hypothesis that foreign investors favor countries with lower labor standards. Nonetheless, some countries have offered special incentives to investors that limit labor rights in the belief that doing so would help attract foreign investment, especially in export processing or special economic zones. In this regard, the Korea's Act on free economic zones which provides exceptional labor standards to foreign invested enterprise in those zones may become an issue in reaching the FTA. This article contemplates the "not lowering labor standards" provision in the US BIT model and its implications on the FTA talks with the US.

  8. Ecosystem services in urban water investment.

    Science.gov (United States)

    Kandulu, John M; Connor, Jeffery D; MacDonald, Darla Hatton

    2014-12-01

    Increasingly, water agencies and utilities have an obligation to consider the broad environmental impacts associated with investments. To aid in understanding water cycle interdependencies when making urban water supply investment decisions, an ecosystem services typology was augmented with the concept of integrated water resources management. This framework is applied to stormwater harvesting in a case study catchment in Adelaide, South Australia. Results show that this methodological framework can effectively facilitate systematic consideration and quantitative assessment of broad environmental impacts of water supply investments. Five ecosystem service impacts were quantified including provision of 1) urban recreational amenity, 2) regulation of coastal water quality, 3) salinity, 4) greenhouse gas emissions, and 5) support of estuarine habitats. This study shows that ignoring broad environmental impacts can underestimate ecosystem service benefits of water supply investments by a value of up to A$1.36/kL, or three times the cost of operating and maintenance of stormwater harvesting. Rigorous assessment of the public welfare impacts of water infrastructure investments is required to guide long-term optimal water supply investment decisions. Numerous challenges remain in the quantification of broad environmental impacts of a water supply investment including a lack of peer-reviewed studies of environmental impacts, aggregation of incommensurable impacts, potential for double-counting errors, uncertainties in available impact estimates, and how to determine the most suitable quantification technique.

  9. Investment in the Future

    Institute of Scientific and Technical Information of China (English)

    王学文

    2004-01-01

    As we enter the end of the first economic quarter of 2004, statistics are indicating that by the end the year direct foreign investment will hit an all time high. However, as is often the case, economy and trade is not a one-way-street.This is why this month we take a closer look at Chinese investments abroad.While the footprints of Chinese investment can be discovered without greatdifficulty in America and Europe, CIB this month explores a similar trend emerging in countries such as Thailand, Bangladesh and Africa.

  10. Catering to Investment

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    How a Hong Kong businesswoman became the mainland’s first overseas investor china has been the biggest recipient of foreign direct investment (FDI) among developing nations for 16 consecutive years.

  11. China Welcomes Global Investment

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    China is making an effort to building a fair market to attract overseas investment,China’s vice-premier told the gathering of CEOs in Beijing, adding that the meeting with its influence,will promote global business cooperation.

  12. Heartfelt and Heady Investments.

    Science.gov (United States)

    Fiskeaux, Charlie D.

    2001-01-01

    Describes how institutions of higher education are taking a fresh look at socially responsible investing, seeking to grow endowments while taking a stand against unhealthy or unjust corporate practices. (EV)

  13. Invigorating Private Investment

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    Chinese Premier Wen Jiabao set in motion the policies and measures to encourage and guide the sound development of private investment at an executive meeting of the State Council on March 24. While aimed at improving the overall private investment environment, these measures will help promote China’s economic restructuring and maintain its growth momentum, said Sun Lijian,a professor of finance at Fudan University in Shanghai, in an article for Shanghai Securities News.Edited excerpts follow:

  14. Invigorating Private Investment

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    @@ Chinese Premier Wen Jiabao set in motion the policies and measures to encourage and guide the sound development of private investment at an executive meeting of the State Council on March24.While aimed at improving the overall private investment environment,these measures will help promote China's economic restructuring and maintain its growth momentum,said Sun Lijian,a professor of finance at Fudan University in Shanghai,in an article for Shanghai Securities News.

  15. Essays in Infrastructure Investment

    OpenAIRE

    Finkenzeller, Konrad

    2015-01-01

    The importance of asset allocation is widely discussed in the academic literature and free of any controversy. It constitutes the essential foundation of investment decisions and is the main determinant of portfolio performance. However, there is no consensus on how much wealth should be allocated on a given asset class, as this depends on numerous variables such as return expectations, risk aversion, macroeconomic circumstances, illiquidity and the specific investment horizon. The original b...

  16. Investing in the Future

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    THIS month the pretty coastal city of Xiamen is buzzing with African visitors and while they will be taking in the tourist attractions in their spare time,the focus of the visit is the High-Level Symposium on China-Africa Investment Cooperation, held on the sidelines of China International Fair for Investment and Trade(CIFIT). Chinese government policymakers and business leaders will be on hand at the

  17. Japanese investment in Peru: limits of developmental investment

    OpenAIRE

    Kamiya, Marco

    2004-01-01

    Japanese Investment in Latin America was considerable in the 1960s and 1970s, but the investment never took off in the developmental style as in East Asia. The author examines why Japanese Foreign Direct Investment in Peru did not follow the pattern of developmental investment, analyzing the elements involved regarding policies in Peru and particular circumstances in Japan in the 1990 decade.

  18. Investing in river health.

    Science.gov (United States)

    Bennett, J

    2002-01-01

    Rivers provide society with numerous returns. These relate to both the passive and extractive uses of the resources embodied in river environments. Some returns are manifest in the form of financial gains whilst others are non-monetary. For instance, rivers are a source of monetary income for those who harvest their fish. The water flowing in rivers is extracted for drinking and to water crops and livestock that in turn yield monetary profits. However, rivers are also the source of non-monetary values arising from biological diversity. People who use them for recreation (picnicking, swimming, boating) also receive non-monetary returns. The use of rivers to yield these returns has had negative consequences. With extraction for financial return has come diminished water quantity and quality. The result has been a diminished capacity of rivers to yield (non-extractive) environmental returns and to continue to provide extractive values. A river is like any other asset. With use, the value of an asset depreciates because its productivity declines. In order to maintain the productive capacity of their assets, managers put aside from their profits depreciation reserves that can be invested in the repair or replacement of those assets. Society now faces a situation in which its river assets have depreciated in terms of their capacity to provide monetary and non-monetary returns. An investment in river "repair" is required. But, investment means that society gives up something now in order to achieve some benefit in the future. Society thus has to grapple wih the choice between investing in river health and other investments--such as in hospitals, schools, defence etc. - as well as between investing in river health and current consumption--such as on clothes, food, cars etc. A commonly used aid for investment decision making in the public sector is benefit cost analysis. However, its usefulness in tackling the river investment problem is restricted because it requires all

  19. Causality relations between foreign direct investment and portfolio investment volatility

    OpenAIRE

    Gozgor, Giray; Erzurumlu, Yaman O.

    2010-01-01

    Following the liberalization of financial markets, Goldstein and Razin (2006) show that there is an information based trade-off between foreign direct investment and foreign portfolio investment, our paper examines the causality relations between foreign direct investment and volatility of foreign portfolio investment. Utilizing monthly and quarterly data set of Czech Republic, Poland, Russia and Turkey, volatility of portfolio investments, which indicated evidence of ARCH effects for all fou...

  20. State Support for Promotion of Electrical Energy Produced in High Efficiency Cogeneration in Romania

    Directory of Open Access Journals (Sweden)

    Mushatescu V.

    2016-12-01

    Full Text Available Romania accumulated a useful experience in supporting high efficient cogeneration through a bonus type scheme. Spreading this experience to other countries that can choose a similar support scheme could lead to important savings and better results in developing this efficient tool. This state aid is operational, targeted to new investments stimulation for cogeneration technologies and replacement or existing plants rehabilitation. Present paper focuses on the results of support scheme after five years of its application: increase of number of producers who benefit of this aid, raising of general efficiency of high efficient cogeneration, important savings of primary energy and CO2 emissions avoided. On the other hand, use of this scheme showed a number of problems (to which this paper proposes adequate solutions on institutional/administrative, investition, technical, economical-financial and social frameworks that influences beneficiaries and/or financiers of state aid.

  1. Financial Development and Investment-Cash Flow Sensitivity

    Directory of Open Access Journals (Sweden)

    Jungwon Suh

    2007-06-01

    Full Text Available Using firm-level data from thirty-five countries around the world, this paper empirically examines whether investment-cash flow sensitivity reflects financial constraints. Recent US studies have raised questions on the prediction that investment-cash flow sensitivity is a measure of financial constraints. Looking at thirty-five countries with varying degrees of financial development, this study tests whether investment-cash flow sensitivity is in fact related to financial constraints. In most countries, the evidence supporting the argument that firms likely facing financially constraints display high investment-cash flow sensitivity is weak. Moreover, the evidence that firms in the absence of developed financial markets display high investment-cash flow sensitivity is also weak. Overall, the results from this international investigation do not support the prediction that investment-cash flow sensitivity reflects financial constraints.

  2. Group Decision Support System Research Based on Fuzzy Evaluation for Investment%投资中基于模糊评价的群决策支持系统研究

    Institute of Scientific and Technical Information of China (English)

    谢璞; 黎敬涛

    2011-01-01

    Expert assessment is one of the means to make investment decisions, but it used fuzzy evaluation often, that difficult to form a standardized system to achieve this decision-making process. The decision-making produced large quantities of data to calculate, and the human can not guarantee its accuracy and its time consuming. Therefore, this paper proposed the establishment of group decision support system research based on fuzzy evaluation, fuzzy mathematical method, consistency analysis, and principal component analysis will be used to build this computer-aided decision making system to implement the decision making process. The results show that the proposed design of the system can quickly and accurately to help decision-makers to decision analysis, could provid decision-makers with strong support.%专家评估是进行投资决策的手段之一,但由于多采用模糊评价,很难形成规范的系统来实现这一决策过程.而决策过程中产生的大量数据,以人力来计算既无法保证其正确性,又相当费时.因此,提出建立基于模糊评价的群决策支持系统,将采用模糊数学的方法、一致性分析以及主成分分析来构建一个计算机辅助决策系统来实现这个决策过程.结果 表明,设计的系统能够迅速并准确帮助决策者进行决策分析,对决策者的决策提供有力的支持.

  3. El Salvador - Investment Support & Financial Services

    Data.gov (United States)

    Millennium Challenge Corporation — Research Questions. Through an analysis of business plans, borrower files, repayment data, applicant questionnaires, as well as information from interviews with...

  4. CP-ABE Scheme Supporting Fully Fine-Grained Attribute Revocation%一种支持完全细粒度属性撤销的CP-ABE方案

    Institute of Scientific and Technical Information of China (English)

    王鹏翩; 冯登国; 张立武

    2012-01-01

    Attribute revocation is crucial to use of ABE. The existing ABE schemes that support attribute revocation under the direct revocation model can only revoke the whole attributes that the user possesses by revoking the user's identity, so the attribute revocation is coarse-grained. This paper proposes the model of CP-ABE that supports fully fine-grained attribute revocation. Based on the dual encryption system proposed by Waters, a concrete CP-ABE scheme that fully supports fine-grained attribute revocation is constructed over the composite order bilinear groups, and the study proves its security under the standard model. Compared to the existing related schemes, this scheme is much more flexible and can revoke an arbitrary number of attributes that user possesses.%属性撤销是基于属性的加密(attribute based encryption,简称ABE)在实际应用中所必须解决的问题.在直接撤销模式下,已有的支持属性撤销的ABE方案只能以撤销用户身份的方式对用户所拥有的全部属性进行撤销,而无法做到针对属性的细粒度撤销.提出了直接模式下支持完全细粒度属性撤销的CP-ABE(cipher policy ABE)模型,在合数阶双线性群上,基于双系统加密的思想构造了具体的方案,并在标准模型下给出了严格的安全性证明.该方案能够对用户所拥有的任意数量的属性进行撤销,解决了已有方案中属性撤销粒度过粗的问题.

  5. INCREASE THE INVESTMENT ATTRACTIVENESS OF THE REGION: THE EXPERIENCE OF THE VORONEZH REGION

    Directory of Open Access Journals (Sweden)

    I. M. Podmolodina

    2014-01-01

    financial mechanisms to attract investment; support to market innovative products and services; creation of favorable tariff conditions for investment; staffing of the investment process.

  6. Comment: unethical ethics investment boycotts and abortion.

    Science.gov (United States)

    Furedi, A

    1998-01-01

    Ethical investment funds have traditionally boycotted the arms industry, companies known to pollute the environment, and those involved in animal research. However, recent newspaper reports suggest that some investment funds plan to also boycott hospitals and pharmaceutical companies involved in abortion-related activities. Ethical Financial, anti-abortion independent financial advisors, are encouraging a boycott of investment in private hospitals and manufacturers of equipment involved in abortions, and pharmaceutical firms which produce postcoital contraception or conduct embryo research. Ethical Financial claims that Family Assurance has agreed to invest along anti-abortion lines, Aberdeen Investment is already boycotting companies linked to abortion, and Hendersons ethical fund plans to follow suit. There is speculation that Standard Life, the largest mutual insurer in Europe, will also refuse to invest in abortion-related concerns when it launches its ethical fund in the spring. Managers of ethical funds should, however, understand that, contrary to the claims of the anti-choice lobby, there is extensive public support for legal abortion, emergency contraception, and embryo research. Individuals and institutions which contribute to the development of reproductive health care services are working to alleviate the distress of unwanted pregnancy and infertility, laudable humanitarian goals which should be encouraged. Those who try to restrict the development of abortion methods and services simply show contempt for women, treating them as people devoid of conscience who are incapable of making moral choices.

  7. Developing 2 C-compatible investment criteria

    Energy Technology Data Exchange (ETDEWEB)

    Roeser, Frauke [NewClimate - Institute for Climate Policy and Global Sustainability gGmbH, Bonn (Germany); Weischer, Lutz [Germanwatch e.V., Koeln (Germany); Thomae, Jakob [2degrees Investing Initiative, New York, NY (United States); Hoehne, Niklas; Hagemann, Markus; El Alaoui, Alexander; Bals, Christoph; Eckstein, David; Kreft, Soenke; Rosse, Morten

    2015-11-30

    This report studies the development of criteria for assessing the compatibility of financial investments with the international goal to limit global temperature increase to below 2 C above pre-industrial levels. The findings are intended as a starting point and a key input for a longer term process to develop consensus-based 2 C investing criteria. The focus here is placed on investments in projects and physical assets, in particular of development and climate finance organisations. In order to limit global temperature increase to 2 C, global greenhouse gas (GHG) emissions will have to be reduced significantly, eventually to zero, during the course of this century. This requires shifting capital from high to low carbon investments as well as significant capital mobilisation for investments in 2 C-compatible infrastructure. Given the long lifetime of physical assets, and the urgency of decarbonisation over the coming decades, this needs to begin today. Public financial institutions can play a prominent role in contributing to aligning investment flows with the 2 C limit, as well as in closing the current infrastructure investment gap, responding to their explicit or implicit climate mandates and leadership role in the finance sector. The majority of international financial institutions integrate climate considerations into their finance decisions to some degree, and are familiar with different types of criteria, including positive and negative lists, qualitative and quantitative benchmarks, and the use of shadow carbon pricing. However, current approaches do not link to the 2 C limit. 2 C investment criteria are therefore needed to guide investors in this regard. Such criteria may also support other purposes, including an understanding of climate risks and improved reporting and accountability.

  8. A New Signature Scheme with Shared Verification

    Institute of Scientific and Technical Information of China (English)

    JIA Xiao-yun; LUO Shou-shan; YUAN Chao-wei

    2006-01-01

    With expanding user demands, digital signature techniques are also being expanded greatly, from single signature and single verification techniques to techniques supporting multi-users. This paper presents a new digital signature scheme vith shared verification based on the fiat-shamir signature scheme. This scheme is suitable not only for digital signatures of one public key, but also for situations where multiple public keys are required. In addition, the scheme can resist all kinds of collusion, making it more practicable and safer. Additionally it is more efficient than other schemes.

  9. Nonrepudiable Proxy Multi-Signature Scheme

    Institute of Scientific and Technical Information of China (English)

    LI JiGuo(李继国); CAO ZhenFu(曹珍富); ZHANG YiChen(张亦辰)

    2003-01-01

    The concept of proxy signature introduced by Mambo, Usuda, and Okamotoallows a designated person, called a proxy signer, to sign on behalf of an original signer. However,most existing proxy signature schemes do not support nonrepudiation. In this paper, two securenonrepudiable proxy multi-signature schemes are proposed that overcome disadvantages of theexisting schemes. The proposed schemes can withstand public key substitution attack. In addition,the new schemes have some other advantages such as proxy signature key generation and updatingusing insecure channels. This approach can also be applied to other ElGamal-like proxy signatureschemes.

  10. Investing in SADC

    Institute of Scientific and Technical Information of China (English)

    Guo Yan

    2011-01-01

    @@ "Cihina is willing to in-crease the imports from the SADC, encourage enterprises with strength and good reputation to invest in SADC countries.Both sides should further strengthen cooperation in economy and trade, investment, finance, energy resources, infrastructure and other fields, to realize mutual benefits and the win-win," said Chinese vice premier Wang Qishan recently on the opening ceremony for China and Southern African Development Community (SADC) Economic and Trade Forum. This is the first time for China, the largest trade partner of SADC, to hold a forum for entrepreneurs and investors from both sides in Beijing and investors, aiming at further promoting the trade and investment.Chinese vice Premier Wang Qishan and Pohamba, rotating chairman of SADC and president of Namibia, attended the ceremony and made speeches.Under the witness of Wang and Pohamba, CCPIT and the secretariat of SADC signed cooperation documents.

  11. Irreversible investments revisited

    DEFF Research Database (Denmark)

    Sandal, Leif K.; Steinshamn, Stein I.; Hoff, Ayoe

    2007-01-01

    A multi-dimensional, non-linear dynamic model in continuous time is presented for the purpose of finding the optimal combination of exploitation and capital investment in optimal renewable resource management. Non-malleability of capital is incorporated in the model through an asymmetric cost......-function of investment, and investments can be both positive and negative. Exploitation is controlled through the utilisation rate of available capital. A novel feature in this model is that there are costs associated with the available capital whether it is utilised or not. And, in contrast to most of the previous...... literature, the state variables, namely the physical capital and the biological resource, enter the objective function. Due to the nonlinearities in this model some of the results are in sharp contrast to previous literature....

  12. On Imprecise Investment Recommendations

    Directory of Open Access Journals (Sweden)

    Piasecki Krzysztof

    2014-08-01

    Full Text Available The return rate is considered here as a fuzzy probabilistic set. Then the expected return is obtained as a fuzzy subset in the real line. This result is a theoretical foundation for new investment strategies. All considered strategies result of comparison profit fuzzy index and limit value. In this way we obtain an imprecise investment recommendation. Financial equilibrium criteria are a special case of comparison of the profit index and the limit value. The following criteria are generalized here: the Sharpe's Ratio, the Jensen's Alpha and the Treynor's Ratio. Moreover, the safety-first criteria are generalized here for the fuzzy case. The Roy Criterion, the Kataoka Criterion and the Telser Criterion are also generalized. Obtained results show that proposed theory is useful for the investment applications.

  13. On intra-node impairments and engineering rules for an optical label switching router supporting an FSK/IM labeling scheme

    DEFF Research Database (Denmark)

    Vegas Olmos, Juan José; Tafur Monroy, Idelfonso; Koonen, A.M.J.

    2006-01-01

    This paper presents a study on intranode impairments and engineering rules for a label switching router supporting intensity modulated (IM) optical payload data signals labeled by using frequency-shift key (FSK) modulation. Engineering rules and design guidelines are presented regarding the choice...

  14. Real estate investment dynamics

    OpenAIRE

    Gruber, Johannes

    2010-01-01

    This thesis is motivated by the steadily increasing interest in the dynamic relationship between the macro-economy and the real estate sector. One of the main issues in this respect is to study the investment dynamics. Since the bursting of the U.S. housing bubble in 2006 is identified as the point of origin of the so called subprime crises, which led to the collapse of the U.S. financial system, the dynamics of real estate investments is of particular interest. In the first part of my the...

  15. ROMANIAN INVESTMENT POLICY ANALYSIS

    Directory of Open Access Journals (Sweden)

    Hategan Anca

    2011-07-01

    Full Text Available Starting with the year 2009, the European Union, as well as the rest of the world, was affected by the economic and financial crisis, and one of the effects reflected in the decrease of foreign direct investment (FDI projects and also in the reduction of their host locations. Creating a healthy economic environment, that should be efficient for any form of international investment , represents the nowadays challenge of all market economies. This paper concentrates on analyzing our country’s attractiveness from the international investor’s point of view, it also focuses on the Romanian investment policy, its investment climate, as well as on identifying or valuating the strengths and opportunities offered by Romania. The advantages of the foreign direct investments are universally recognized and they basically include the expansion of the production capacity and income, job creation, technologically diffusion and economic development. Creating an appropriate economic environment, that is efficient for any form of international investments represents the nowadays challenge of all market economies. OECD member states experience, for example, outlines the advantages of a functional legal and normative climate, based on the principles of transparency and non discrimination, that are essential for attracting foreign investments. In the actual competition for attracting FDI, every state tries to offer as many incentives to the future foreign investors. The Romanian investment policy sets out incentives in a non-discriminatory and transparent way offering the investors the specific criteria. The Romanian business environment has improved significantly in recent years, driven in particular by EU accession. Major progress has been recorded in areas such as the fiscal environment, rule of law, the fight against corruption and property registration. When considering our country a possible location for the development of their businesses, the foreign

  16. A Dynamic Programming Algorithm on Project-Gang Investment Decision-Making

    Institute of Scientific and Technical Information of China (English)

    2002-01-01

    The investment decision-making of Project-Gang, the projects that are associated with one another on economy and technique, is studied. In order to find out the best Scheme that can make the maximum profit, a dynamic programming algorithm on the investment decision-making of Project-Gang is brought forward, and this algorithm can find out the best Scheme of distributing the m resources to the n Items in the time of O(m2n).

  17. Landscape of Global Health Relevant Investment With a Focus on East Africa and India

    Data.gov (United States)

    US Agency for International Development — The Global Health Investment Landsacping project database consists of information about impact-oriented and global health-supporting investment funds or capital...

  18. A comparison of modern investment-linked pension savings products

    DEFF Research Database (Denmark)

    Linneman, Per; Bruhn, Kenneth; Steffensen, Mogens

    2015-01-01

    This paper is a continuation of and a supplement to the paper by Jørgensen & Linnemann. Both papers deal with TimePension – a (formula-based) smoothed investment-linked annuity pension scheme. Both papers compare TimePension with other pension savings products using stochastic financial simulatio...

  19. A SHAR AH COMPLIANCE REVIEW ON INVESTMENT LINKED TAK FUL IN MALAYSIA

    OpenAIRE

    MOHD NOOR, AZMAN

    2009-01-01

    The growth in Islamic funds has brought new challenges and opportunities for the financial industry. In recent years, the trend has been towards unit-linked products with an emphasis on the investment link which definitely includes the takaful industry. Takaful operators are offering investment products apart from their core business in providing protection through General and Family Takaful. This paper aims to review some Shariah issues in investment-linked takaful schemes.

  20. Tool to Prioritize Energy Efficiency Investments

    Energy Technology Data Exchange (ETDEWEB)

    Farese, P.; Gelman, R.; Hendron, R.

    2012-08-01

    To provide analytic support of the U.S. Department of Energy's Office of the Building Technology Program (BTP), NREL developed a Microsoft Excel-based tool to provide an open and objective comparison of the hundreds of investment opportunities available to BTP. This tool uses established methodologies to evaluate the energy savings and cost of those savings.

  1. Tool to Prioritize Energy Efficiency Investments

    Energy Technology Data Exchange (ETDEWEB)

    Farese, Philip [National Renewable Energy Lab. (NREL), Golden, CO (United States); Gelman, Rachel [National Renewable Energy Lab. (NREL), Golden, CO (United States); Hendron, Robert [National Renewable Energy Lab. (NREL), Golden, CO (United States)

    2012-08-01

    To provide analytic support of the U.S. Department of Energy's Office of the Building Technology Program (BTP), NREL developed a Microsoft Excel-based tool to provide an open and objective comparison of the hundreds of investment opportunities available to BTP. This tool uses established methodologies to evaluate the energy savings and cost of those savings.

  2. Investment Strategy and Efficiency of Investment Activity of European Insurers

    Directory of Open Access Journals (Sweden)

    Zhabynets Olga Yo.

    2014-02-01

    Full Text Available The article studies investment strategy and efficiency of investment activity of European insurance companies. In particular, it analyses the share of investments of insurance companies of Europe in GDP, investment portfolio of European insurers and its structure, contribution of insurance companies – leaders of investment activity – into the European investment portfolio. It studies influence of the financial crisis upon investment strategy of European insurers and analyses efficiency of investment activity of European insurers in risk insurance and life insurance. The article proves that investment business models of insurance companies are capable of resisting crisis phenomena more efficiently than other financial institutions. It marks out that measures of insurance companies that are directed at increase of profitability of investments require from them both significant expenditures on creation of the system of investment risk management and open access to different categories of financial assets and markets, which influences the general risk level, taken upon by an insurance company. The author draws a conclusion that, taking into account recent developments, European insurers should focus on equity and investment risk management, finding new possibilities for their (investments growth and also adaptation of new systems and operations for solution of these important tasks.

  3. New Financing Schemes of Public Infrastructure

    OpenAIRE

    Ignacio de la Riva

    2017-01-01

    Public works procurements and concessions are traditional legal techniques used to shape the financing of public infrastructure. Fiscal constraints faced by public administrations at the end of the 20th century, and the subsequent increase of private participation in the provision of public goods and services, encouraged the development of new legal schemes allowing a higher degree of private investment in public infrastructure; such as Public Private Partnerships, project finance, securitiza...

  4. 77 FR 61229 - Short-Term Investment Funds

    Science.gov (United States)

    2012-10-09

    ... resilience of STIFs to credit and liquidity events while not unduly restricting a bank's ability to invest... liquidity or valuation stress. \\29\\ See Interagency Policy on Banks/Thrifts Providing Financial Support to... revises the requirements imposed on national banks pursuant to the OCC's short-term investment fund...

  5. The Structure of Adjustment Costs in Information Technology Investment

    OpenAIRE

    Hyunbae Chun; Sung-Bae Mun

    2005-01-01

    We examine the pattern of information technology (IT) capital adjustment using data from U.S. industries. Using the gap between actual and desired IT capital stocks, we estimate the shape of the adjustment cost function in IT investment. Both ordinary least squares and nonparametric regression estimates support irreversibility in IT investment.

  6. Accounting and evaluation of investment attractiveness of enterprises

    OpenAIRE

    Oksana Vandrikova

    2014-01-01

    Accounting and evaluation of investment привлекательности предприятий The article is devoted to the development of theoretical and methodological principles of accounting and analytical support for evaluation of investment attractiveness predpriyatiya.

  7. 76 FR 29147 - Federal Home Loan Bank Investments

    Science.gov (United States)

    2011-05-20

    ... (e.g., a limit of one or two times capital, or a separate limit linked to retained earnings or some... it was important to continue to limit Bank investment in MBS and require adequate retained earnings... comments supporting a limit on MBS investment based on retained earnings to either supplement or replace...

  8. Evaluating Animal Health Investments

    NARCIS (Netherlands)

    Rushton, J.; Raboisson, D.; Velthuis, A.G.J.; Bergevoet, R.H.M.

    2012-01-01

    Economic evaluation of livestock diseases can either estimate their impact in terms of disease losses and treatment costs or it can examine the value of investments in coordinated disease control or eradication programmes. The latter evaluations can be ex ante and ex post and are useful in determini

  9. Bringing up Private Investment

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    The Chinese Government promises private investors a bigger role in the country’s booming industry sector Encouraging and guiding healthy development of private investment was at the forefront of the State Council’s latest measures to invigorate the private sector.

  10. Inflation Protected Investment Strategies

    Directory of Open Access Journals (Sweden)

    Mirco Mahlstedt

    2016-03-01

    Full Text Available In this paper, a dynamic inflation-protected investment strategy is presented, which is based on traditional asset classes and Markov-switching models. Different stock market, as well as inflation regimes are identified, and within those regimes, the inflation hedging potential of stocks, bonds, real estate, commodities and gold are investigated. Within each regime, we determine optimal investment portfolios driven by the investment idea of protection from losses due to changing inflation if inflation is rising or high, but decoupling the performance from inflation if inflation is low. The results clearly indicate that these asset classes behave differently in different stock market and inflation regimes. Whereas in the long-run, we agree with the general opinion in the literature that stocks and bonds are a suitable hedge against inflation, we observe for short time horizons that the hedging potential of each asset class, especially of real estate and commodities, depend strongly on the state of the current market environment. Thus, our approach provides a possible explanation for different statements in the literature regarding the inflation hedging properties of these asset classes. A dynamic inflation-protected investment strategy is developed, which combines inflation protection and upside potential. This strategy outperforms standard buy-and-hold strategies, as well as the well-known 1 N -portfolio.

  11. Beyond the Investment Narrative

    Science.gov (United States)

    Moss, Peter

    2013-01-01

    The current policy interest in early childhood education and care is driven by an investment narrative, a story of quality and high returns emerging from a dominant neoliberal political economy. This short note expresses deep reservations about this narrative, and hints at another narrative that foregrounds democracy, experimentation and…

  12. Increasing investment in Nagqu

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    Nagqu has successfully commenced investment to its major construction projects from January to September of 2004. An official of the Local Development and Reform Commission remarks, that according to their plan,they should complete 75 new-started and restored projects,

  13. Investing in Diamonds

    NARCIS (Netherlands)

    Renneboog, Luc

    2015-01-01

    This paper examines the risk-return characteristics of investment grade gems (white diamonds, colored diamonds and other types of gems including sapphires, rubies, and emeralds). The transactions are coming from gem auctions and span the period 1999-2012. Over our time frame, the annual nominal USD

  14. Investing in Diamonds

    NARCIS (Netherlands)

    Renneboog, Luc

    2015-01-01

    This paper examines the risk-return characteristics of investment grade gems (white diamonds, colored diamonds and other types of gems including sapphires, rubies, and emeralds). The transactions are coming from gem auctions and span the period 1999-2012. Over our time frame, the annual nominal USD

  15. Foreign Investment Welcome

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    BusinessWeek recently published an article reporting that China is becoming hostile to foreign capital and that China's policy on foreign investment will change to reflect that attitude. Yi Xianrong, a researcher at the Institute of Finance and Banking of the Chinese Academy of Social Sciences, explains China's position in an article posted on People's Daily Online.

  16. Investment and uncertainty

    DEFF Research Database (Denmark)

    Greasley, David; Madsen, Jakob B.

    2006-01-01

    A severe collapse of fixed capital formation distinguished the onset of the Great Depression from other investment downturns between the world wars. Using a model estimated for the years 1890-2000, we show that the expected profitability of capital measured by Tobin's q, and the uncertainty surro...... of the depression: rather, its slump helped to propel the wider collapse...

  17. Huge Investment Needed

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    China needs a massive investment to maintain its rampant economic boom-at least a 20 percent annual growth rate, according to Fan Gang, Deputy Director of the National Economic Research Institute and a member of the central bank's Monetary Policy Committee.

  18. Investment Insight Opportunities Ahead

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    Over the next five years, China will be shitting its focus to more balanced development and what it sees as quality growth. Its two main strategies are promoting innovation-with the government-backed industrial upgrading-and strengthening the rural economy. This shift will lead to massive investment and fresh, wealth-making opportunities. In the stock

  19. BANKING ETHICS IN THE FOREIGN DIRECT INVESTMENTS FROM ROMANIA

    Directory of Open Access Journals (Sweden)

    MEDAR LUCIAN-ION

    2011-09-01

    Full Text Available Capital account liberalization created premises and allow Romania for final exit from the financial crisis. Promoting direct investment in Romania can lead to sustainable economic growth, create new jobs and thus, by selling labor set up new forms of saving, which will support investments. Banking ethics elements behind the development of direct investments in Romania are legislation, regulation and behavior of participants. Amid an emerging economy rocked by the global financial crisis, capital account liberalization has allowed entry direct investment, but allowed and the capital flight. Respect for ethics in the business financial banking groups provide, at least, economic development and upgrading the infrastructure of Romania

  20. Can adding web-based support to UK primary care exercise referral schemes improve patients’ physical activity levels? Intervention development for the e-coachER study.

    Directory of Open Access Journals (Sweden)

    Adrian Taylor

    2015-10-01

    Aims: This presentation will provide details on the intervention development and data to be captured to inform a process evaluation. Methods: An initial version of e-coachER was produced, building on experiences from obesity and diabetes self-management interventions using the Lifeguide platform, and beta tested over 7 months. Co-applicants and researchers then provided feedback on a time-truncated version, and ERS patients on a real-time version, for 5 months before it was locked for the RCT. Within the trial, after participants are screened, provide consent and complete baseline assessments, they are randomised to receive usual ERS at each site or usual ERS plus a mailed Welcome Pack (including a user friendly guide to register for e-coachER access in-line, a free pedometer and a fridge magnet with daily recording strips for step counts or minutes of MVPA. Contact details for an e-coachER facilitator are provided for additional technical support. Results: At the core of the intervention are ‘7 Steps to Health’ aimed to last 5-10 mins each, to encourage patients to think about the benefits of PA, seek support from an ERS practitioner (and friends/family, and the web, to self-monitor PA with a pedometer and upload steps or minutes of MVPA, set progressive goals, build confidence, autonomy and relatedness (from Self-Determination Theory, find ways to increase sustainable PA more broadly, and deal with setbacks. An avatar (to avoid having to represent a range of individual characteristics such as age, gender, and ethnicity and brief narratives are used throughout to normalise and support behaviour change and encourage e-coachER use. Automatic or patient chosen e-mails from the Lifeguide system promote on-going use of functions such as recording weekly PA and goal setting. For each site, participants are able to access links to reputable generic websites for further information about chronic conditions and lifestyle, links to other sites and apps for self

  1. GLOBAL TRENDS OF ALTERNATIVE INVESTMENTS

    Directory of Open Access Journals (Sweden)

    Ivan LUCHIAN

    2016-08-01

    Full Text Available An alternative investment is an investment product other than the traditional investments of stocks, bonds, cash, or property. The term is a relatively loose one and includes tangible assets such as art, wine, antiques, coins, or stamps and some financial assets such as commodities, hedge funds, venture capital,and others. At the moment it was created a global industry opportunities for making investments in nontraditional form. The aim of this paper consists in demonstrating the possibilities of these investments. For this have been studied related main international markets, a fter then deducted world dominant trends. This article is concerned to present some details of alternative investments global market.

  2. A Global Social Support System: What the International Community Could Learn From the United States’ National Basketball Association’s Scheme for Redistribution of New Talent

    Science.gov (United States)

    Ooms, Gorik; Stuckler, David; Basu, Sanjay; McKee, Martin

    2015-01-01

    If global trade were fair, it is argued, then international aid would be unnecessary and inequalities inherent to the economic system would be justifiable. Here, we argue that while global trade is unfair, in part because richer countries set the rules, we believe that additional interventions must go beyond trade regulation and short-term aid to redress inequalities among countries that will persist and possibly worsen in spite of such measures. Drawing on an example of measures taken to redress the characteristics of a system that inherently increases inequality, the ability of dominant teams in the National Basketball Association (NBA) to recruit the most talented players, we argue that market-based competition even in the context of fair rules will create and amplify economic inequalities. We argue that, just as the NBA created a draft to reduce the emergence of severe inequalities among teams, systems of social support within richer countries should be paralleled by a global system to counterbalance persisting inequalities among countries that are produced by market forces. We explain how such a mechanism might operate among integrated market economies, and identify the Global Fund to Fight AIDS, Tuberculosis and Malaria (the Global Fund) as an example of such an emerging form of global social support. PMID:26673331

  3. A Global Social Support System: What the International Community Could Learn From the United States' National Basketball Association's Scheme for Redistribution of New Talent.

    Science.gov (United States)

    Ooms, Gorik; Stuckler, David; Basu, Sanjay; McKee, Martin

    2015-07-09

    If global trade were fair, it is argued, then international aid would be unnecessary and inequalities inherent to the economic system would be justifiable. Here, we argue that while global trade is unfair, in part because richer countries set the rules, we believe that additional interventions must go beyond trade regulation and short-term aid to redress inequalities among countries that will persist and possibly worsen in spite of such measures. Drawing on an example of measures taken to redress the characteristics of a system that inherently increases inequality, the ability of dominant teams in the National Basketball Association (NBA) to recruit the most talented players, we argue that market-based competition even in the context of fair rules will create and amplify economic inequalities. We argue that, just as the NBA created a draft to reduce the emergence of severe inequalities among teams, systems of social support within richer countries should be paralleled by a global system to counterbalance persisting inequalities among countries that are produced by market forces. We explain how such a mechanism might operate among integrated market economies, and identify the Global Fund to Fight AIDS, Tuberculosis and Malaria (the Global Fund) as an example of such an emerging form of global social support. © 2015 by Kerman University of Medical Sciences.

  4. A Global Social Support System: What the International Community Could Learn From the United States’ National Basketball Association’s Scheme for Redistribution of New Talent

    Directory of Open Access Journals (Sweden)

    Gorik Ooms

    2015-11-01

    Full Text Available If global trade were fair, it is argued, then international aid would be unnecessary and inequalities inherent to the economic system would be justifiable. Here, we argue that while global trade is unfair, in part because richer countries set the rules, we believe that additional interventions must go beyond trade regulation and short-term aid to redress inequalities among countries that will persist and possibly worsen in spite of such measures. Drawing on an example of measures taken to redress the characteristics of a system that inherently increases inequality, the ability of dominant teams in the National Basketball Association (NBA to recruit the most talented players, we argue that market-based competition even in the context of fair rules will create and amplify economic inequalities. We argue that, just as the NBA created a draft to reduce the emergence of severe inequalities among teams, systems of social support within richer countries should be paralleled by a global system to counterbalance persisting inequalities among countries that are produced by market forces. We explain how such a mechanism might operate among integrated market economies, and identify the Global Fund to Fight AIDS, Tuberculosis and Malaria (the Global Fund as an example of such an emerging form of global social support.

  5. ESG Integration and the Investment Management Process : Fundamental Investing Reinvented

    NARCIS (Netherlands)

    van Duuren, Emiel; Plantinga, Auke; Scholtens, Bert

    2016-01-01

    We investigate how conventional asset managers account for environmental, social and governance factors (ESG) in their investment process. We do so on the basis of an international survey among fund managers. We find that many conventional managers integrate responsible investing in their investment

  6. A Review of Asset Allocation of UK Defined Benefit Private Pension Schemes And The Factors Determining Asset Allocations.

    OpenAIRE

    Antha, Evelina

    2011-01-01

    Following the economic crisis which resulted in uncertainty of trustees to meet pension obligations, institutional investors are becoming more conscious of investment risks. They risk getting less return than previously forecasted, as a result of falling prices in the equity market. In turn, to mitigate the risk the investment strategy of the schemes has been greatly influenced. Pension schemes currently have a tendency to shift their investment strategy from return-seeking to a liability dri...

  7. Innovation investment area: Technology summary

    Energy Technology Data Exchange (ETDEWEB)

    1994-03-01

    The mission of Environmental Management`s (EM) Office of Technology Development (OTD) Innovation Investment Area is to identify and provide development support for two types of technologies that are developed to characterize, treat and dispose of DOE waste, and to remediate contaminated sites. They are: technologies that show promise to address specific EM needs, but require proof-of-principle experimentation; and (2) already proven technologies in other fields that require critical path experimentation to demonstrate feasibility for adaptation to specific EM needs. The underlying strategy is to ensure that private industry, other Federal Agencies, universities, and DOE National Laboratories are major participants in developing and deploying new and emerging technologies. To this end, about 125 different new and emerging technologies are being developed through Innovation Investment Area`s (IIA) two program elements: RDDT&E New Initiatives (RD01) and Interagency Agreements (RD02). Both of these activities are intended to foster research and development partnerships so as to introduce innovative technologies into other OTD program elements for expedited evaluation.

  8. Croatian bank investments in securities

    Directory of Open Access Journals (Sweden)

    Antun Jurman

    2005-12-01

    Full Text Available In this paper the author presents the basic characteristics of debt securities and shares and analyses the amount, structure and characteristics of the securities portfolio in Croatian banks in period from 1993 to 2004. The analysis shows that in the entire analyzed period Republic of Croatia together with state funds and other public institutions was the main issuer of securities that banks have in their portfolios. The securities issued by banks and companies represent only a marginal part of banks’ portfolios but it is also true that banks have strongly supported the privatization process of state owned companies by providing credit for purchasing of shares and later on swapping their credit claims for shares. In this way banks acquired a significant portfolio of shares that they later sold on the open market. Data about the significant reduction of securities portfolio in the banking assets structure, from 46.1% in 1993 to only 10.6% in 2004, is indicative of a low level of trading in securities. This means that in the following years, central and local government should secure the necessary funds more by issuing securities than by credit, especially not by taking credit from abroad. Furthermore, in order to spread business with securities, banks should also substitute a portion of their credit portfolio with short and long term securities. In this way, the investors would be able to use the benefits of investing in securities instead of investing their funds in bank deposits as they have done until now.

  9. Political Idea And Investments Safety

    Directory of Open Access Journals (Sweden)

    Vaidotas Matutis

    2011-06-01

    Full Text Available In this paper we discussing about the potential threats to the investments safety evaluation system, creating the model of the system analysis methods when a new political concept is raised in the country. Traditionally, as we already know that politic and economic are inextricably linked. We can easily assure in it using the historical overview of the political and economic interactions. So the question: how the investment safeties are depending from political environment when a new political concept is raised in the country? Become actual and important. The method assumptions suggested and discussed in this paper are made according to the summaries of public surveys and research results of sociologists, political scientists and psychologists of different countries. These summaries are made analyzing the survey and research results systematically and separately from the variety of their initial objectives. We construct the dimensional frame of references combining the time axes, government forms scale, ideology scale and call they Politological system of axis. It help to us show that if a new political concept is raised in the country, it will be supported and developed by the majority of society members only if its political-ideological essence is possible to show in the chosen politological frame of reference and the point are possible to mark in the area of the most typical structures of the statistical division of the society individuals’ approaches at the set point of time and the deviance of this concept is not forecast in the nearest future. The methods we are discussing provide the specialists with the opportunity to evaluate the possibilities of inside threats to the investments safety still in the political concept raising process and its political-ideological core. To summarize this discussion, we can make once more conclusion as following: the main threat to the investments safety after the new political concept raising is the

  10. The most influential investment.

    Science.gov (United States)

    Summers, L

    1993-01-01

    Investment in women's education possibly has a greater return than investing in areas such as power generation. Education is an economic issue. When the self-fulfilling prophecy of girls' lack of education yielding lower economic worth is compared with the self-fulfilling prophecy of educated women having healthy children and greater earning ability, there is no doubt which scenario is more beneficial to the individual and society. Wages of educated female workers rise by 20%, and personal hygiene and public health improvements contribute to lower fertility and infant mortality. In Pakistan, educating an additional 1000 girls/year would cost $40,000 in 1990 prices. Each year of schooling would reduce the under-5 year child mortality rate by 10%. 1000 women with an extra year of schooling would prevent 60 infant deaths, which if prevented through health care interventions would cost an estimated $48,000. Female fertility would be reduced by about 10% for an extra year of schooling, and thus would avert 660 births or a saving $43,000. Social improvement alone is worth the extra cost. Investing in female education means establishing scholarship funds, providing more free books and other supplies, adapting curricula to cultural and practical concerns, and hiring female teachers. Increasing female primary school enrollment to equal boys enrollment in low income countries would mean educating an extra 25 million girls every/year at a total cost of about $938 million. Equalizing secondary school enrollment would entail educating an extra 21 million girls at a cost of $1.4 billion. The total cost of $2.4 billion constitutes less than .25% of the gross domestic product of low income countries, less than 1% of investment in new capital goods, and less than 10% of defense spending. Investment statistics on power plants in a sample of 57 developing countries showed a return on physical plant assets of less than 4% over the past 3 years and less than 6% over the past 10 years

  11. RISKS IN INVESTMENT AND MANAGEMENT

    Directory of Open Access Journals (Sweden)

    Ms. Tatiana A. Ykovleva

    2016-12-01

    Full Text Available The article discusses the features of investment risks and their causes, as well as provides a detailed classification of investment risks. The authors reveal the essence and content of the investment process, risk management, providing material for presentation in the form of a diagram. In conclusion, the article explains the use of the system of specialized institutions as a way to exclude the basic, or primary investment risk.

  12. Scheme Design of the Deformation Monitoring in the Foundation Pit Supporting Project%浅谈基坑支护工程变形监测方案

    Institute of Scientific and Technical Information of China (English)

    邹安安

    2012-01-01

    针对基坑支护围护结构顶部沉降与水平位移监测技术与变形方法进行研究。通过对基坑支护围护结构顶部沉降与水平位移监测数据进行分析,解算各监测点的累积沉降和总体位移变化量,从而及时掌握基坑的变形状况。根据监测点的变形限值标准,确定可能出现预警的变形点,并分析基坑不同部位发生沉降和偏移的原因。%Foundation pit support for the building envelope at the top of the settlement and horizontal displacement monitoring technology and methods of deformation. Through the excavation enclosure at the top of the settlement and horizontal displacement monitoring data analysis, calculate the cumula- tive settlement of all monitoring points and the overall displacement volume, and thus grasp the de- formation of foundation. According to the deformation limit of the standard monitoring to identify early warning of possible deformation point, and analysis of foundation settlement and migration occurred in different parts of the reason.

  13. Thailand : Investment Climate Assessment Update

    OpenAIRE

    World Bank

    2008-01-01

    This report provides an up-to-date assessment of the investment climate of Thailand. As the socio-economic framework in which enterprises operate including infrastructure, policies and regulations improving the investment climate is helpful for productivity and economic growth. The report is based mainly on the results of the second round of the Thailand Productivity and Investment Climate...

  14. Legal restrictions and Investment Growth

    NARCIS (Netherlands)

    Lensink, B.W.; Scholtens, B.

    2007-01-01

    We analyze the impact of legal restrictions on investment growth at the firm level. With the help of a unique firm-level survey database, we analyze whether firm investments are related to the efficiency and quality of the judiciary. Furthermore, we analyze whether the investment behavior of large a

  15. Legal restrictions and investment growth

    NARCIS (Netherlands)

    Lensink, B.W.; Scholtens, B.

    2007-01-01

    We analyze the impact of legal restrictions on investment growth at the firm level. With the help of a unique firm-level survey database, we analyze whether firm investments are related to the efficiency and quality of the judiciary, Furthermore, we analyze whether the investment behavior of large a

  16. Investment Opportunities & Job Information

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    Shanghai Vacancies from Chinajob.com China Pacific Insurance (Group) Co. Ltd. Senior Investment Manager and Senior Accounting Analyst are needed, full time; annual salary: $50,000-100,000. China Europe International Business School wants professors or people with doctoral degrees to teach Accounting, Finance, Human Resources and Management, Strategic and General Management, Carving out Management, Production and Transportation Management, and Information Management Systems, full time. Salary starts at $1...

  17. Investments into education

    DEFF Research Database (Denmark)

    Kirchsteiger, Georg; Sebald, Alexander Christopher

    2006-01-01

    groups with differing human capital and welfare levels. Depending on the parameters of the model, a temporary or permanent public investment into human capital formation is needed to overcome steady states with low human capital and welfare levels. Furthermore, even the best steady state is suboptimal...... when the human capital is privately provided. This inefficiency can be removed by a permanent public subsidy for education....

  18. Remittances in Rural Zimbabwe: From Consumption to Investment?

    NARCIS (Netherlands)

    G. Ncube (Gracsious); G.M. Gómez (Georgina)

    2013-01-01

    markdownabstract__Abstract__ When remittances become widespread and stable in a rural village, they adopt a critical role in supporting local development. They contribute via the promotion of businesses and employment. Productive consumption creates opportunities for investment in growth

  19. Spatial policy, planning and infrastructure investment: Lessons from ...

    African Journals Online (AJOL)

    argues that decisions about infrastructure investment in South African metropolitan areas ought to be ... in water supply and regional bulk infrastructure ... methodologies employed in the project; present ... traditional decision-support systems,.

  20. Modeling Students' Mathematics Using Steffe's Fraction Schemes

    Science.gov (United States)

    Norton, Anderson H.; McCloskey, Andrea V.

    2008-01-01

    Each year, more teachers learn about the successful intervention program known as Math Recovery (USMRC 2008; Wright 2003). The program uses Steffe's whole-number schemes to model, understand, and support children's development of whole-number reasoning. Readers are probably less familiar with Steffe's fraction schemes, which have proven similarly…

  1. Breastfeeding structure as a test of parental investment theory in Papua New Guinea.

    Science.gov (United States)

    Tracer, David P

    2009-01-01

    Evolutionary parental investment theory predicts that parents invest preferentially in offspring best able to translate investments into fitness payoffs. It has also been proposed that where the reproductive prospects of offspring are directly correlated with parental investment and variance in fertility is higher for males than females, parents in better condition should bias investment toward males while those in poorer condition should bias investment toward females. Lactation is arguably among the costliest forms of investment expended by mothers and is thus expected to be allocated in ways consistent with fitness payoffs. Quantitative data collected among 110 Papua New Guinean mother-infant pairs during 470 h of focal follows on nursing frequency and duration and responses to infant demands by maternal and offspring characteristics are presented to provide empirically-based descriptions of infant care and tests of evolutionary parental investment theory. Results indicate that mothers show very high levels of investment in offspring. However, although breastfeeding in developing countries is often characterized as on-demand, fussing and crying by infants were only attended to with breastfeeding about 30% of the time. Contrary to expectations of parental investment theory that parents should invest less in poorer quality offspring, mothers increased investment in offspring in poorer condition. The expectation that mothers in better condition would bias investment toward male offspring was also not supported; better nourished mothers biased investment toward female offspring. This study illustrates how infant feeding data may be used for testing larger evolutionary questions such as those derived from parental investment theory.

  2. Greenland and Chinese outbound investments

    DEFF Research Database (Denmark)

    Mouyal, Lone Wandahl; Mortensen, Bent Ole Gram; Su, Jingjing

    2017-01-01

    Chinese companies and their global partners. However, Chinese outbound investment faces many hurdles both at home and outside. This article analyzes some of the main aspects in relation to regulatory hurdles, political obstacles as well as environmental, labor and financial challenges primarily focusing......-Government seeks to develop new business sectors and to attract foreign investment, including investments from China, to develop especially its mineral resources. China now is the second largest economy in the world and the outbound investments by Chinese companies presents unprecedented opportunities for both...... on investments in the mining industry....

  3. International capital flows and investment volatility in selected sub-Saharan African countries

    Directory of Open Access Journals (Sweden)

    William Brafu-Insaidoo

    2011-07-01

    Full Text Available The study examines the impact of foreign capital flows on investment volatility in emerging and frontier market economies in sub-Saharan Africa. In particular, the study attempts to answer the question of whether different components of foreign capital inflows explain investment volatility. Theory suggests that increased cross-border capital mobility increases investment volatility due to the possibility of substituting foreign for domestic investments. Empirical literature does not, however, provide any clear evidence in support of this theory. By using the dynamic panel data analysis, this study tests the hypothesis that increased capital flows increases investment volatility and the study established that international capital flows reduce investment volatility.

  4. Generalized Group Signature Scheme

    Institute of Scientific and Technical Information of China (English)

    2001-01-01

    The concept of generalized group signature scheme will bepresent. Based on the generalized secret sharing scheme proposed by Lin and Ha rn, a non-interactive approach is designed for realizing such generalized group signature scheme. Using the new scheme, the authorized subsets of the group in w hich the group member can cooperate to produce the valid signature for any messa ge can be randomly specified

  5. Design of investment management optimization system for power grid companies under new electricity reform

    Science.gov (United States)

    Yang, Chunhui; Su, Zhixiong; Wang, Xin; Liu, Yang; Qi, Yongwei

    2017-03-01

    The new normalization of the economic situation and the implementation of a new round of electric power system reform put forward higher requirements to the daily operation of power grid companies. As an important day-to-day operation of power grid companies, investment management is directly related to the promotion of the company's operating efficiency and management level. In this context, the establishment of power grid company investment management optimization system will help to improve the level of investment management and control the company, which is of great significance for power gird companies to adapt to market environment changing as soon as possible and meet the policy environment requirements. Therefore, the purpose of this paper is to construct the investment management optimization system of power grid companies, which includes investment management system, investment process control system, investment structure optimization system, and investment project evaluation system and investment management information platform support system.

  6. Gender Differences in Investment Preferences

    Directory of Open Access Journals (Sweden)

    Nizamettin Bayyurt

    2013-05-01

    Full Text Available The paper attempts to explore how women and men differ in their individual investment preferences. Although there are some studies for the investors in developed countries, the subject has been overlooked in emerging and underdeveloped countries. Therefore, this study is the first empirical study exploring the investment behaviors of women and men by focusing on an emerging country, Turkey. For the purpose to find out how investment preferences of men and women differ towards six investment tools, namely, gold, foreign currency, funds, common stocks, real estates, and time deposits, a discriminant analysis and a logistic regression were exercised. The results revealed that while men investors prefer common stocks and real estate to invest women investors are more risk averse and invest fund, time deposit and gold. There is no significant difference between men and women in foreign currency investment.

  7. Gender Differences in Investment Preferences

    Directory of Open Access Journals (Sweden)

    Nizamettin Bayyurt

    2016-02-01

    Full Text Available The paper attempts to explore how women and men differ in their individual investment preferences. Although there are some studies for the investors in developed countries, the subject has been overlooked in emerging and underdeveloped countries. Therefore, this study is the first empirical study exploring the investment behaviors of women and men by focusing on an emerging country, Turkey. For the purpose to find out how investment preferences of men and women differ towards six investment tools, namely, gold, foreign currency, funds, common stocks, real estates, and time deposits, a discriminant analysis and a logistic regression were exercised. The results revealed that while men investors prefer common stocks and real estate to invest women investors are more risk averse and invest fund, time deposit and gold. There is no significant difference between men and women in foreign currency investment.

  8. Finite Boltzmann schemes

    NARCIS (Netherlands)

    Sman, van der R.G.M.

    2006-01-01

    In the special case of relaxation parameter = 1 lattice Boltzmann schemes for (convection) diffusion and fluid flow are equivalent to finite difference/volume (FD) schemes, and are thus coined finite Boltzmann (FB) schemes. We show that the equivalence is inherent to the homology of the

  9. MIDI Programming in Scheme

    DEFF Research Database (Denmark)

    Nørmark, Kurt

    2010-01-01

    A Scheme representation of Standard MIDI Files is proposed. The Scheme expressions are defined and constrained by an XML-language, which in the starting point is inspired by a MIDI XML event language made by the MIDI Manufactures Association. The representation of Standard MIDI Files in Scheme ma...

  10. MIDI Programming in Scheme

    DEFF Research Database (Denmark)

    Nørmark, Kurt

    2010-01-01

    A Scheme representation of Standard MIDI Files is proposed. The Scheme expressions are defined and constrained by an XML-language, which in the starting point is inspired by a MIDI XML event language made by the MIDI Manufactures Association. The representation of Standard MIDI Files in Scheme ma...

  11. Clean Technology Fund Investment Plan Approved for Concentrated Solar Power in the MENA Region

    OpenAIRE

    Coma-Cunill, Roger; Govindarajalu, Chandra; Pariente-David, Silvia; Walters, Jonathan

    2009-01-01

    The Middle East and North Africa (MENA) clean technology fund investment plan proposes co-financing of $750 million and mobilizes an additional $4.85 billion from other sources to accelerate deployment of Concentrated Solar Power (CSP) by investing in the CSP expansion programs of Algeria, Egypt, Jordan, Morocco and Tunisia. Specifically, the Investment Plan will support MENA countries to ...

  12. 13 CFR 303.9 - Requirements for short-term Planning Investments.

    Science.gov (United States)

    2010-01-01

    ... Planning Investments. 303.9 Section 303.9 Business Credit and Assistance ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE PLANNING INVESTMENTS AND COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGIES § 303.9 Requirements for short-term Planning Investments. (a) In addition to providing support for CEDS...

  13. 12 CFR 956.4 - Risk-based capital requirement for investments.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Risk-based capital requirement for investments... OFF-BALANCE SHEET ITEMS FEDERAL HOME LOAN BANK INVESTMENTS § 956.4 Risk-based capital requirement for investments. Each Bank shall hold retained earnings plus general allowance for losses as support for...

  14. INVESTMENTS AND INVESTMENT INCENTIVES IN THE BALKAN STATES

    Directory of Open Access Journals (Sweden)

    MEHMET YÜCE

    2016-04-01

    Full Text Available Balkan region, located in the south eastern part of the European Continent, is composed Albania, Bosnia and Herzegovina, Bulgaria, Montenegro, Kosovo, Macedonia, Greece with a portion of the Croatia, Romania, Serbia, Slovenia and Turkey. Southeast Europe are composed of Slovenia, Croatia, Bosnia and Herzegovina, Serbia, Montenegro, Kosovo, Macedonia and Albania which known as the Western Balkans countries. That international investments are assessed on a regional and global scale in the Balkans, these investments gained importance after the 1990s with political, social and geographical variation. In the 2000s, after legal and administrative framework oriented reforms of investments which are continuations of global integration efforts, development of the investment opportunities in Balkans have been considered positively. While the investment incentive structures and rates differ on the basis of the countries, they are of capital importance for investors. After the 2008 global economic crisis which has happened because of the economic shrinkage on global scale, despite the worries for political and economic unsteadiness in specific countries, development of investments in Balkans has not been affected in a negative way. In this study development of investment in Balkans is analysed with negative and positive factors, investment opportunities and incentives are examined on the basis of countries. The Balkans gain acceleration positively thanks to the reforms of investment opportunities on the national scope. As to the need of investment development oriented local and international coordinated programme and approach is an important issue that should be analysed.

  15. Multilevel Fuzzy Synthesis Evaluation of Foundation Pit Support Scheme Based on Improved Analytic Hierarchy Process%基坑支护方案的改进AHP与多级模糊综合评判

    Institute of Scientific and Technical Information of China (English)

    廖瑛; 王月香; 华志明

    2011-01-01

    在研究与基坑支护方案评价有关的各项指标的基础之上,建立了一套较为完整的基坑支护系统评价指标体系.改进传统的层次分析法使判断矩阵自然满足一致性检验,并计算得到各评价指标的权重;对于定量指标采用隶属函数法确定其隶属度,而对于定性指标,则对其评语进行模糊化处理,从而有效地降低了主观因素对评判结果的影响并得到其模糊评价矩阵.最后按照多级模糊综合评判法对基坑支护系统评价指标体系依次进行一级、二级和三级模糊综合评判,由此获得最优基坑支护方案.%Based on analysis of the related indexes of the evaluation of foundation pit support scheme, a relatively integrated evaluation index system of foundation pit support system was established. By making use of the method of improved Analytic Hierarchy Process which could satisfy consistent verification naturally, the weight of every evaluating factor was calculated. And furthermore, the membership function was used to determine the quantitive index' s membership, and for the qualitative index, their comment was disposed faintly and therefore the fuzzy evaluation matrix was received and at the same time, the influence on the judgement of the subjective factors was depressed effectively. Finally, based on the multilevel fuzzy synthesis evaluation method the first class, the second class and the third class fuzzy synthesis evaluation for the evaluation index system were calculated to get the optimum scheme of the foundation pit support system.

  16. 胃肠型GVHD患者不同营养方案的临床疗效%Clinical effect of different nutrition supporting schemes on gastrointestinal graft-versus-host disease

    Institute of Scientific and Technical Information of China (English)

    李云龙; 张曦; 高蕾; 刘耀; 高力; 张诚; 刘焕凤; 刘学; 陈幸华

    2011-01-01

    Objective To compare the effect of two nutrition supporting schemes for the improvement of the nutrition situation and the therapy of patients with gastrointestinal graft-versus-host disease(GVHD). Methods 35 cases of patients with gastrointes tinal GVHD were randomly divided into total praenteral nutrition(TPN) group and oral diet(OD) group. The nutrition situation and therapeutic effect of the two groups were evaluated before therapy,and on the 14th and 28th day after therapy. Results Nitrogen balance was negative in all subjects on the 14th and 28th day. The remission rate of TPN group was higher than that of OD group(P<0.05). Conclusion The nutritional situation of patients with gastrointestinal GVHD are poor, and might get worse with the extension of the course of disease. The aggravating speed of nutritional situation in patients with gastrointestinal GVHD accepting TPN scheme might be slow,indicating that TPN scheme could be beneficial to patients with gastrointestinal GVHD.%目的 比较不同营养支持方案对胃肠道移植物抗宿主病(GVHD)患者营养状况改善的作用,并对不同营养方案进行评价,观察不同营养方案对胃肠道GVHD辅助治疗的疗效.方法 对35例胃肠道GVHD患者随机分为完全肠外营养组(TPN)和经口饮食组(OD),分别于治疗后的0、14、28 d评价患者的营养状况和GVHD临床疗效.结果 35例胃肠道GVHD患者在治疗后14、28 d均为负氮平衡.患者的GVHD临床症状缓解率显示,TPN组大于OD组,P<0.05.结论 胃肠道GVHD患者属于营养不良状况,并且随着疾病时间的延长,营养不良状况加重,加重的程度TPN组最慢.TPN有助于抗胃肠道GVHD治疗.

  17. Scheme Program Documentation Tools

    DEFF Research Database (Denmark)

    Nørmark, Kurt

    2004-01-01

    This paper describes and discusses two different Scheme documentation tools. The first is SchemeDoc, which is intended for documentation of the interfaces of Scheme libraries (APIs). The second is the Scheme Elucidator, which is for internal documentation of Scheme programs. Although the tools...... are separate and intended for different documentation purposes they are related to each other in several ways. Both tools are based on XML languages for tool setup and for documentation authoring. In addition, both tools rely on the LAML framework which---in a systematic way---makes an XML language available...

  18. Adaptation investments and homeownership

    DEFF Research Database (Denmark)

    Hansen, Jørgen Drud; Skak, Morten

    2008-01-01

    by adapting the home through a supplementary investment. Ownership offers low costs of adaptation, but has high contract costs compared with renting. Consumers simultaneously choose housing demand and tenure, and because of the different cost structure only consumers with strong preferences for individual...... adaptation of the home choose ownership. This article analyses the consumer's optimization. The model provides an explanation for the observation that homeowners typically live in larger dwelling units than tenants. It also provides an explanation for a high price of housing services tending to reduce...

  19. Adaptation investments and homeownership

    DEFF Research Database (Denmark)

    Hansen, Jørgen Drud; Skak, Morten

    2008-01-01

    This article develops a model where ownership improves efficiency of the housing market as it enhances the utility of housing consumption for some consumers. The model is based on an extended Hotelling-Lancaster utility approach in which the ideal variant of housing is obtainable only by adapting...... the home through a supplementary investment. Ownership offers low costs of adaptation, but has high contract costs compared with renting. Consumers simultaneously decide housing demand and tenure, and because of the different cost structure only consumers with strong preferences for individual adaptation...

  20. VALUATION AND INVESTMENT PROFESSION

    Directory of Open Access Journals (Sweden)

    Lidija Dedi

    2013-06-01

    Full Text Available Investment professionals, particularly financial analysts or security analysts evaluate securities and try to determine characteristics of securities and to identify mispriced securities. For that purpose they use different models to estimate the intrinsic value of the common stocks. Traditional valuation models based on the present value of future cash flows are affected by estimated growth rate of the variable used and by the investor’s required rate of return. These models can be used for valuing fixed income securities, such as bonds and preferred stocks. However, in valuing companies with significant growth opportunities they have to expand traditional analysis with option valuation.

  1. Multilateral negotiations in foreign investment

    Directory of Open Access Journals (Sweden)

    David Orlando Ruiz Castro

    2016-04-01

    Full Text Available Direct foreign investment is one of the most important economic variables in the world. Aspects related to international investment agreements are reaching an outstanding place in economic international diplomacy. Nowadays, in the multilateral level there is not an agreement regarding investment and therefore this study is focused on this particular type of agreement. In order to reach this objective this study shows, first of all, how different attempts have been developed to get a multicultural a agreement regarding investment, and to refuse the general opinion that says that exponential growth of foreign investment flows in recent years has given impulse to launch a multilateral investment agreement. Secondly, this study discusses about regulations related to foreign investment under current WTO regulations, such as investment, measure agreements, and service agreement. Then, it analyzes what has happened inside the WTO from the creation of the investment team at the Singapore Conference to the failed Conference in Cancun. Finally, it analyzes the main arguments against the multilateral agreement and the effects of future possible multilateral negotiations in investment and it ends with some recommendations and conclusions.

  2. 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.

  3. The Good Investment.

    Science.gov (United States)

    Prescott, John E; Fresne, Julie A; Youngclaus, James A

    2017-07-01

    The authors reflect on the article in this issue entitled "Borrow or Serve? An Economic Analysis of Options for Financing a Medical School Education" by Marcu and colleagues, which makes a compelling case that a medical school education is a good investment, no matter what financing option students use, from federal service programs to federal loans. The lead author of this Commentary shares lessons learned from his own medical school education, which was funded by an Armed Forces Health Professions Scholarship, and from his current position interacting with medical students across the United States.Regardless of the financing path they choose, all students should understand basic financial concepts and the details of the various pathways that are available to pay for their medical school education, as well as how each could potentially impact their own future and that of their families. One underappreciated aspect of financing a medical school education is that federal repayment scenarios can link loan payments to income, rather than debt levels, which means that all physicians are able to afford their loan payments no matter what specialty they practice, what they are paid, or where they live.Medical education, while expensive, remains the good investment. An MD degree can lead to a lifetime of personal fulfillment and societal contributions. Everyone, with rare exceptions, accepted to a U.S. medical school will be able to finance their medical education via a path that aligns with their personal values and priorities.

  4. Life insurance investment and stock market participation in Europe.

    Science.gov (United States)

    Cavapozzi, Danilo; Trevisan, Elisabetta; Weber, Guglielmo

    2013-03-01

    In most European countries life insurance has played a key role in household portfolios, to the extent that it has often been the first asset ever purchased. In this paper we use life history data from a host of European countries to investigate the role of life insurance investment in shaping individuals' attitudes towards participation in stocks and mutual funds. We show that individuals who purchased a life insurance policy are more likely to invest in stocks and mutual funds later. On the one hand, these findings support the notion that life insurance policies play an educational role in financial investment. On the other hand, they are also consistent with behavioural models where economic agents are first concerned with avoiding unacceptable adverse scenarios by purchasing low risk investments, such as life insurance policies, and then invest in riskier assets, such as stocks and mutual funds, to obtain higher economic returns.

  5. CONTRIBUTION OF FOREIGN DIRECT INVESTMENT FOR THE REGION DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    KATARÍNA ČULKOVÁ

    2013-02-01

    Full Text Available Foreign direct investments contribute to the important solving of the economical growth and regionaldevelopment and it presents part of the state’s effort to increase living level of the state. Slovakia government ismotivated to support any foreign investment and it competes for such investments with other transforming countries.Goal of the contribution is to provide idea about main factors that influence inflow of the foreign investments to theindividual regions of Slovakia and to evaluate their contribution through characteristics and main determinants of theforeign investments. Only through careful choice can Slovakia obtain successfully investors that would come to thecountry with production, research and development since in modern economy we cannot be competitive without suchactivities, neither in regional, nor in the international level.

  6. HOUSEHOLD SAVINGS AS A SOURCE OF INVESTMENT RESOURCES IN UKRAINE

    Directory of Open Access Journals (Sweden)

    E. Nosova

    2015-03-01

    Full Text Available The approaches of scientists in definition of the household savings, the motives of their creation and the role they perform are identified; the role of household savings in the economy is described; the importance of household saving transformation from unorganized to organized forms is analyzed; the size of saving in financial and nonfinancial forms, its dynamics and structure are characterized; comparison between household savings and main macroeconomic indicators is conducted; ways of investment of households savings are discussed; the dynamics of deposits in banks and credit unions, the participation of households in collective investment schemes (private and corporate investment funds is characterized; the dynamics of household deposits in national and foreign currencies is shown; the dynamics of nominal value of investment fund’s securities, that have been placed among resident individuals are characterized; the dynamics of deposit accounts and the number of credit unions members are described; the comparative characteristics of different ways to invest money is given; the reasons of unorganized savings existence are marked; barriers to convert savings into investments and the ways of overcoming them are identified.

  7. FEASIBILITY OF INVESTMENT IN BUSINESS ANALYTICS

    OpenAIRE

    Mladen Varga; Miljenko Vuković

    2007-01-01

    Trends in data processing for decision support show that business users need business analytics, i.e. analytical applications which incorporate a variety of business oriented data analysis techniques and task-specific knowledge. The paper discusses the feasibility of investment in two models of implementing business analytics: custom development and packed analytical applications. The consequences of both models are shown on two models of business analytics implementation in Croatia.

  8. FEASIBILITY OF INVESTMENT IN BUSINESS ANALYTICS

    Directory of Open Access Journals (Sweden)

    Mladen Varga

    2007-12-01

    Full Text Available Trends in data processing for decision support show that business users need business analytics, i.e. analytical applications which incorporate a variety of business oriented data analysis techniques and task-specific knowledge. The paper discusses the feasibility of investment in two models of implementing business analytics: custom development and packed analytical applications. The consequences of both models are shown on two models of business analytics implementation in Croatia.

  9. Convertible Proxy Signcryption Scheme

    Institute of Scientific and Technical Information of China (English)

    李继国; 李建中; 曹珍富; 张亦辰

    2004-01-01

    In 1996, Mambo et al introduced the concept of proxy signature. However, proxy signature can only provide the delegated authenticity and cannot provide confidentiality. Recently, Gamage et al and Chan and Wei proposed different proxy signcryption schemes respectively, which extended the concept of proxy signature.However, only the specified receiver can decrypt and verify the validity of proxy signcryption in their schemes.To protect the receiver' s benefit in case of a later dispute, Wu and Hsu proposed a convertible authenticated encryption scheme, which carn enable the receiver to convert signature into an ordinary one that can be verified by anyone. Based on Wu and Hsu' s scheme and improved Kim' s scheme, we propose a convertible proxy signcryption scheme. The security of the proposed scheme is based on the intractability of reversing the one-way hash function and solving the discrete logarithm problem. The proposed scheme can satisfy all properties of strong proxy signature and withstand the public key substitution attack and does not use secure channel. In addition, the proposed scheme can be extended to convertible threshold proxy signcryption scheme.

  10. Investment Process in Territorial Government Sectors

    Directory of Open Access Journals (Sweden)

    Cleopatra Sendroiu

    2006-10-01

    Full Text Available The increase in the quality of the public administration act represents one of the major targets for the local authorities. From this point of view, the identification and implementation in the current practice of some methods, techniques and advanced working tools might have a significant impact.The investments’ programme as a tool accessible to local public authorities gains an increased legitimacy on the grounds of its civic consent; therefore, the external investors and other potential investors can take advantage of the community’s support in those projects they finance within region.The current framework of the investment activity in the local public sector is characterized by constraints within action, sometimes without continuity or precise targets. The declared urgency of a certain investment objective mostly turns out to be the selection and implementation criterion. In this present work there will be presented a few methods and ways in which town halls can realize public investments in the near future. The adoption of a specific proposal might lead to procedural and organizational modifications for the attainment of the maximum efficiency within the investment process.

  11. Gender Differences in Investment Preferences

    OpenAIRE

    Nizamettin Bayyurt; Vildan Karisik; Ali Coskun

    2016-01-01

    The paper attempts to explore how women and men differ in their individual investment preferences. Although there are some studies for the investors in developed countries, the subject has been overlooked in emerging and underdeveloped countries. Therefore, this study is the first empirical study exploring the investment behaviors of women and men by focusing on an emerging country, Turkey. For the purpose to find out how investment preferences of men and women differ towards s...

  12. Bicycle and Car Share Schemes as Inclusive Modes of Travel? A Socio-Spatial Analysis in Glasgow, UK

    Directory of Open Access Journals (Sweden)

    Julie Clark

    2016-06-01

    Full Text Available Public bicycle and car sharing schemes have proliferated in recent years and are increasingly part of the urban transport landscape. Shared transport options have the potential to support social inclusion by improving accessibility: these initiatives could remove some of the barriers to car ownership or bicycle usage such as upfront costs, maintenance and storage. However, the existing evidence base indicates that, in reality, users are most likely to be white, male and middle class. This paper argues that there is a need to consider the social inclusivity of sharing schemes and to develop appropriate evaluation frameworks accordingly. We therefore open by considering ways in which shared transport schemes might be inclusive or not, using a framework developed from accessibility planning. In the second part of the paper, we use the case study of Glasgow in Scotland to undertake a spatial equity analysis of such schemes. We examine how well they serve different population groups across the city, using the locations of bicycle stations and car club parking spaces in Glasgow, comparing and contrasting bike and car. An apparent failure to deliver benefits across the demographic spectrum raises important questions about the socially inclusive nature of public investment in similar schemes.

  13. Policy approaches to renewable energy investment in the Mediterranean region

    Science.gov (United States)

    Patt, A.; Komendantova, N.; Battaglini, A.; Lilliestam, J.; Williges, K.

    2009-04-01

    suited to achieving such growth quickly and smoothly? What bottlenecks—in terms of supply chains, human capital, finance, and transmission capacity—need to be anticipated and addressed if the rate of capacity growth is to be sustained over several decades? What model of governance would create a safe investment climate in consistence with new EU legislation (i.e. EU Renewable Energy Directive) as well as expected post-Kyoto targets and mechanisms? The material that we present here is based on a series of workshops held between November 2008 and January 2009, in which a wide range of stakeholders expressed their views about the fundamental needs for policy intervention. Supplementing the results from these workshops have been additional expert interviews, and basic financial modeling. One of the interesting results from this research is the need for a multi-pronged approach. First, there is a need for a support scheme, potentially compatible with in all cases supplementing the EU REN Directive, that would create a stable market for North African electricity in Europe. Second, there is a need for policies that facilitate the formation of public private partnerships in North Africa, as the specific investment vehicle, as a way to manage some of the uncertainties associated with large-scale investments in the region. Third, attention has to be paid to the development of supply chains within the Mediterranean region, as a way of ensuring the compatibility of such investments with sustainable development.

  14. Difference Schemes and Applications

    Science.gov (United States)

    2015-02-06

    of the shallow water equations that is well suited for complex geometries and moving boundaries. Another (similar) regularization of...the solid wall extrapolation followed by the interpolation in the phase space (by solving the Riemann problem between the internal cell averages and...scheme. This Godunov-type scheme enjoys all major advantages of Riemann -problem-solver-free, non-oscillatory central schemes and, at the same time, have

  15. Efficient Threshold Signature Scheme

    Directory of Open Access Journals (Sweden)

    Sattar J Aboud

    2012-01-01

    Full Text Available In this paper, we introduce a new threshold signature RSA-typed scheme. The proposed scheme has the characteristics of un-forgeable and robustness in random oracle model. Also, signature generation and verification is entirely non-interactive. In addition, the length of the entity signature participate is restricted by a steady times of the length of the RSA signature modulus. Also, the signing process of the proposed scheme is more efficient in terms of time complexity and interaction.

  16. Stateless Transitive Signature Schemes

    Institute of Scientific and Technical Information of China (English)

    MA Chun-guang; CAI Man-chun; YANG Yi-xian

    2004-01-01

    A new practical method is introduced to transform the stateful transitive signature scheme to stateless one without the loss of security. According to the approach, two concrete stateless transitive signature schemes based on Factoring and RSA are presented respectively. Under the assumption of the hardness of factoring and one-more- RSA-inversion problem, both two schemes are secure under the adaptive chosen-message attacks in random oracle model.

  17. Flower consumption lures investment

    Institute of Scientific and Technical Information of China (English)

    ShiSesheng

    2003-01-01

    In the Netherlands the annual fresh flower consumption is 150 items per person, in France it is 80, in the US it is 30, in Japan the money involved amounts to US$11 billion, but in urban China, this is less than I0. Globally when per capita GDP in a country or region goes up to US$6,000, flower consumption will go up too. As per capita GDP in Shanghai isgoing from US$5,000 to US$7,500, the municipal government should include the construction of floral markets as part of its infrastructural development, just as the construction of urban forests, urban parks, urban greenery, and urban environmental investment. The fostering of local floral markets also require joint efforts from the society at large in terms of finance.

  18. Parental Investments in Children

    DEFF Research Database (Denmark)

    Bonke, Jens; Esping-Andersen, Gösta

    This study examines parental time investment in their children, distinguishing between developmental and non-developmental care. Our analyses centre on three influential determinants: educational background, marital homogamy, and spouses’ relative bargaining power. We find that the emphasis...... on quality care time is correlated with parents’ education, and that marital homogamy reduces couple specialization, but only among the highly educated. In line with earlier research, we identify gendered parental behaviour. The presence of boys is an important condition for fathers’ time dedication......, but primarily among lower educated fathers. To the extent that parental stimulation is decisive for child outcomes, our findings suggest the persistence of important inequalities. This emerges through our special attention to behavioural differences across the educational distribution among households....

  19. Adaptation investments and homeownership

    DEFF Research Database (Denmark)

    Hansen, Jørgen Drud; Skak, Morten

    2008-01-01

    This article develops a model where ownership improves the efficiency of the housing market as it enhances the utility of housing consumption for some consumers. The model is based on an extended Hotelling-Lancaster utility approach in which the ideal variant of housing is obtainable only...... by adapting the home through a supplementary investment. Ownership offers low costs of adaptation, but has high contract costs compared with renting. Consumers simultaneously choose housing demand and tenure, and because of the different cost structure only consumers with strong preferences for individual...... adaptation of the home choose ownership. This article analyses the consumer's optimization. The model provides an explanation for the observation that homeowners typically live in larger dwelling units than tenants. It also provides an explanation for a high price of housing services tending to reduce...

  20. Chinese Overseas Investment Calls for Perfection of Overseas Investment Insurance

    Institute of Scientific and Technical Information of China (English)

    Liu Yajun

    2008-01-01

    @@ Overseas investment insurance is a non-profitable insurance provided by the government of a state for her enterprises which have invested in the developing countries or areas against political risks.Such a governmental guarantee system was first established in the United States in the middle of last century.

  1. Guidelines for integrating socially responsible investment in the investment process

    NARCIS (Netherlands)

    de Graaf, F.J.; Slager, A.

    2009-01-01

    Socially Responsible Investment (SRI) is of growing importance for institutional investors. Our analysis shows that SRI strategies can be grouped in ethically-based, investment-driven and value-ensuring objectives. We demonstrate that this categorization strengthens decisionmaking in SRI. Based on

  2. Assessing Risk Management Capability of Public Sector Organizations Related to PPP Scheme Development for Water Supply in Indonesia

    Directory of Open Access Journals (Sweden)

    Pangeran M.H.

    2012-01-01

    Full Text Available The success of Public Private Partnership (PPP for water supply investment is inseparable from the capability of risk management of the parties within the project. This study investigates the risk management capability of Indonesian local public sector organizations that are potentially involved in PPP schemes for water supply. A risk management maturity model based assessment tool probing the culture, process, experience, application and partnership aspects is used in the survey. The model describes risk management capability in four levels (ad-hoc, initial, competent, excellent. The survey shows that their risk management capability is still in-average at the initial stage (level 2, meaning that the adopted risk management postures are mostly supported only by unstructured, ad-hoc and non-formal processes. The result of this study can help decision makers in choosing appropriate risk management methods and tools to be used by the local public authorities for managing risks in PPP schemes.

  3. Farms and funds: investment funds in the global land rush

    Energy Technology Data Exchange (ETDEWEB)

    Buxton, Abbi; Campanale, Mark; Cotula, Lorenzo

    2012-01-15

    Investment funds show a growing interest in farmland and agriculture. They are buying up land and agribusinesses in developing countries with the expectation of high long-term returns linked to rising land prices, growing populations and increasing demand for food. While the media has reported extensively on the involvement of these funds in the global land rush, the mechanics remain little understood by the broader public. What is the interest and what is driving it? Who are the players and what processes do their investment decisions go through? What are the impacts in recipient countries? And what action can be taken to promote investments that genuinely support local people?.

  4. Critical analysis of realibility of the model of investment credit approval in agriculture and food processing industry

    Directory of Open Access Journals (Sweden)

    Barjaktarović Lidija

    2016-01-01

    Full Text Available Investments are funds which are invested in certain manufacturing goods, revenue on investments, the process of investment, subject in which it is invested, and which is obtained as a result of the assessment of investment. Every rational investor entering into an investment expects some benefits. Entry decision into a particular investment project carries a business risk, both for investors and for the bank as co-financier of the project. Accordingly, the subject of this paper-research is a critical analysis of the reliability of the model of investment credit approval in agriculture and food processing industry (MICA used by local banks when considering whether to financially support investment needs of large corporate customers in the segment of secondary agriculture production and food processing industry. Applying the model of the correlation analysis, the degree of interconnectedness of indicators of the quality of assets and business performances of Serbian banking sector are quantified.

  5. A review of schemes of the vacuum support system for payload onboard space station%空间站有效载荷真空支持系统方案评述

    Institute of Scientific and Technical Information of China (English)

    卜珺珺; 曹军; 杨晓林

    2011-01-01

    The vacuum support system is a key part of the service systems for space payloads, to provide a vacuum environment for payload experiments carried out onboard the space station. This paper analyzes the scheme of such a system taking the payloads in each experiment module onboard the International Space Station (ISS) as examples, including the US Destiny experiment module (USL), the ESA Columbus module (APM) and the Japanese experiment module (JEM). The vacuum service systems in the first Materials Science Research Rack (MSRR-1) and the microgravity Combustion Integrated Rack (CIR) are demonstrated in detail. A preliminary scheme for the coming space station of China is proposed. By arranging the payload experiments in order, and combining the waste gas exhaustion subsystem and the vacuum resource subsystem, the resource can be saved and the reliability enhanced.%有效载荷真空支持系统是空间有效载荷支持系统的重要组成部分,为空间有效载荷实验的顺利进行提供真空环境支持和保证.文章详细分析了国际空间站包括美国“命运号”实验舱(USL)、欧空局哥伦布轨道舱(APM)及日本实验舱(JEM)内的有效载荷真空支持系统方案及使用情况;对美国实验舱内的一号微重力材料科学机柜及微重力燃烧科学机柜内部专用的真空支持系统作了主要介绍;最后提出了我国空间站有效载荷真空支持系统的初步方案设想,即合理安排有效载荷实验进行次序,将废气排放子系统及真空资源子系统合二为一,以节约资源,提高可靠性.

  6. Legal-Ease Beijing & Northeast China Investment Facts

    Institute of Scientific and Technical Information of China (English)

    CHRIS; DEVONSHIRE-ELLIS

    2006-01-01

    Beijing and northeast China are fast becoming areas of growing interest to international investors. Here we highlight some aspects of cities in northeast China and consider the options for setting up business in the capital. Beijing investment zones identified China’s development zones generally offer foreign investors better infrastructure, lower tax and other incentives, and much higher levels of service support than elsewhere in the country. The table here lists the main investment zones in Beijing itself.

  7. Public investment and intergenerational distribution

    NARCIS (Netherlands)

    Heijdra, BJ; Meijdam, L

    2002-01-01

    We study the effects of public investment in a dynamic overlapping-generations model of a small open economy. Boosting public investment stimulates private capital formation, output, and wages in the long run. The impact effects depend critically on whether public capital is modelled as a stock or a

  8. Optimal Investment in Structured Bonds

    DEFF Research Database (Denmark)

    Jessen, Pernille; Jørgensen, Peter Løchte

    The paper examines the role of structured bonds in the optimal portfolio of a small retail investor. We consider the typical structured bond essentially repacking an exotic option and a zero coupon bond, i.e. an investment with portfolio insurance. The optimal portfolio is found when the investment...

  9. Overseas Investment, Encouraging Long Journey

    Institute of Scientific and Technical Information of China (English)

    Janet Tang

    2010-01-01

    @@ In the context of the financial crisis,international capital flows,cross-border investment,as well as the mergers and acquisitions generally continues shrinking at a large range in 2009,while China's foreign investment and overseas cooperation still maintains a good momentum of development.

  10. Investment and Second Language Acquisition

    Science.gov (United States)

    Pittaway, Daniel S.

    2004-01-01

    The article argues that Norton Peirce's (1995) concept of a language learner's investment should figure centrally in how instructors address the needs of adult learners in ESL classrooms. Investment is discussed in relation to second language acquisition research that addresses the role of social factors in second language acquisition. The article…

  11. Investment opportunities with YPFB capitalization

    Energy Technology Data Exchange (ETDEWEB)

    Escobar, F. [Yacimientos Petroliferos Fiscales Bolivianos, La Paz (Bolivia)

    1996-10-01

    Investment opportunities with Yacimientos Petroliferos Fiscales Bolivianos (LPFB) in La Paz, Bolivia, were discussed, especially as they may be affected by the new Hydrocarbon Law No. 1689, whose main objective is to encourage investments in Bolivia and to increase production capacity through investors` incorporation. Some of the areas of potential importance examined included reserve development, transportation, upstream consulting, and hydrocarbon development.

  12. New Financing Schemes of Public Infrastructure

    Directory of Open Access Journals (Sweden)

    Ignacio de la Riva

    2017-01-01

    Full Text Available Public works procurements and concessions are traditional legal techniques used to shape the financing of public infrastructure. Fiscal constraints faced by public administrations at the end of the 20th century, and the subsequent increase of private participation in the provision of public goods and services, encouraged the development of new legal schemes allowing a higher degree of private investment in public infrastructure; such as Public Private Partnerships, project finance, securitizations, the shadow toll, turn-key agreements, public leasing and public trusts.

  13. Investment opportunities as real options

    Directory of Open Access Journals (Sweden)

    Adnan Rovčanin

    2005-06-01

    Full Text Available Opportunity (optional approach to capital investment appraisal represents, completely new theoretical and methodological framework for investment analysis. Compared to traditional, discount cash flow (DCF model of analysis, the optional approach provides opportunity for valuation and managing flexibility, i.e. possibility of approaching (amending the previous decisions in compliance with market changes. Risk and uncertainty are inevitably following the capital investment. Therefore, the importance of optional approach to investments is also that it provides possible better “treatment” of risks in the investment analysis, and also more rational allocation of resources, accordingly. This approach should be of more interest to the Countries in transition, considering the limited financial sources as well as risk and uncertainty are emphasized.

  14. Multiresolution signal decomposition schemes

    NARCIS (Netherlands)

    J. Goutsias (John); H.J.A.M. Heijmans (Henk)

    1998-01-01

    textabstract[PNA-R9810] Interest in multiresolution techniques for signal processing and analysis is increasing steadily. An important instance of such a technique is the so-called pyramid decomposition scheme. This report proposes a general axiomatic pyramid decomposition scheme for signal analysis

  15. Multiresolution signal decomposition schemes

    NARCIS (Netherlands)

    Goutsias, J.; Heijmans, H.J.A.M.

    1998-01-01

    [PNA-R9810] Interest in multiresolution techniques for signal processing and analysis is increasing steadily. An important instance of such a technique is the so-called pyramid decomposition scheme. This report proposes a general axiomatic pyramid decomposition scheme for signal analysis and synthes

  16. Investment in Green Technologies

    Science.gov (United States)

    Das Gupta, Supratim

    Since the middle of the 1970's, there has been considerable research about how to deal with exhaustible natural resources which are essential to production. In the absence of substitution possibilities, the finite stock of these resources acts as a limiting factor to continued growth of output and hence consumption possibilities. In our first chapter, we combine a finite natural resource and human capital in the production function and look at the possibility of maintaining a non-declining or sustainable level of consumption for an infinite horizon. Our results show that the return to human capital accumulation plays a key role in ensuring this objective. In our model without physical capital, we obtain a similar result where this return must be such that the fraction of time devoted to acquiring human capital each period is at least as much as the share of natural resources in output. Our second chapter focuses on the transition from a relatively cheap exhaustible natural resource (coal, gasoline) to an expensive alternative technology assumed to be in nearly unlimited supply (wind, solar). Due to significant cost differences between fossil-fuel based energy sources and these alternative (backstop) technologies, their use is not as widespread. Public subsidies to research can however bring about innovation through cheaper production techniques which would significantly reduce the operating costs of these backstop technologies. But without sufficient incentives for investment and patent protections, individual firms typically underinvest in backstop technologies relative to the socially optimal level. In our paper, we find that this underinvestment in the backstop also leads to an under-extraction of the exhaustible natural resource. This imply firms would conserve the natural resource for too long and switch later to the alternative technology relative to the socially optimal solution. We extend the chapter to include pollution as a flow variable. Pollution from

  17. 12 CFR 703.14 - Permissible investments.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Permissible investments. 703.14 Section 703.14 Banks and Banking NATIONAL CREDIT UNION ADMINISTRATION REGULATIONS AFFECTING CREDIT UNIONS INVESTMENT.... A Federal credit union may invest in a registered investment company or collective investment fund...

  18. 47 CFR 69.302 - Net investment.

    Science.gov (United States)

    2010-10-01

    ... 47 Telecommunication 3 2010-10-01 2010-10-01 false Net investment. 69.302 Section 69.302... Apportionment of Net Investment § 69.302 Net investment. (a) Investment in Accounts 2001, 1220 and Class B Rural...) Investment in Accounts 2002, 2003 and to the extent such inclusions are allowed by this Commission,...

  19. 47 CFR 69.309 - Other investment.

    Science.gov (United States)

    2010-10-01

    ... 47 Telecommunication 3 2010-10-01 2010-10-01 false Other investment. 69.309 Section 69.309... Apportionment of Net Investment § 69.309 Other investment. Investment that is not apportioned pursuant to §§ 69... category and access elements in the same proportions as the combined investment that is...

  20. Canada: An Ideal Place for Outbound Investment

    Institute of Scientific and Technical Information of China (English)

    Li Zhen

    2010-01-01

    @@ In recent years, bilateral investment between China and Canada has become more and more active. According to the report on overseas investment of Chinese enterprises released by China Council for the Promotion of International Trade (CCPIT)at the 4th Chinese Enterprise Outbound Investment Conference, Chinese overseas investment is displayingan increasing trend, with the strength of Chinese enterprises and overseas investment rapidly growing.

  1. 12 CFR 24.4 - Investment limits.

    Science.gov (United States)

    2010-01-01

    ... ENTITIES, COMMUNITY DEVELOPMENT PROJECTS, AND OTHER PUBLIC WELFARE INVESTMENTS § 24.4 Investment limits. (a) Limits on aggregate outstanding investments. A national bank's aggregate outstanding investments under... 12 Banks and Banking 1 2010-01-01 2010-01-01 false Investment limits. 24.4 Section 24.4 Banks and...

  2. Chinese investments in the EU

    Directory of Open Access Journals (Sweden)

    Haico EBBERS

    2010-12-01

    Full Text Available China’s investments in the European Union are much lower than what you may expect given the economic size of both entities. These relatively low investments in Europe are a combination of priority and obstacles. The priority for investments is clearly in Asia, Africa and Latin America. This regional pattern is heavily influenced by the need to solve the resource shortage in the medium and long term. The investments in Europe and the United States are mostly market seeking investments. Research specifically focused on Chinese M&A abroad comes to the same conclusion. The success rate of Chinese M&A abroad is much lower than what we see with respect to American or European investments abroad. In this paper, we examine why Chinese firms are facing more difficulties in the European Union than in other regions. The paper focuses on Chinese M&A as proxy for total foreign direct investments abroad. By looking at the factors that have been documented as influencing the level of M&A abroad, it becomes clear that Chinese firms in Europe are hindered by many factors. For example, the trade between China and the EU is relatively low, the institutional quality is lower compared to the United States, there is less experience with respect to Europe and relatively many deals relate to State Owned Enterprises (SOE which makes the deal sensitive. So it is logical that Chinese investments are not very high in Europe. However, the research makes clear that the obstacles for Chinese investments in Europe are disappearing step by step. In that sense, we expect a strong increase of Chinese investments in Europe in the future.

  3. Investment behavior and investment aggregates during China's economic transition

    Institute of Scientific and Technical Information of China (English)

    WANG Xi

    2006-01-01

    In view of the peculiar patterns of investment ownership structure and special investment phenomena in China,the paper sets up formal dynamic investment behavioral models for state-owned enterprises (SOEs) and non-state-owned enterprises(NSOEs)under the background of full-dimensional and gradual economic transition.The models are based on two key points: entrepreneurs of SOEs have dual and changing operational objectives as the result of property-rights reformation;and dual-track approach of price liberalization process and reformation of financing system alters the actual user costs of capital goods.Analytical solutions are provided and it is shown that there exists a normative and unified explanation of the peculiar phenomena such as "investment deficiency" of NSOEs,"investment thirst","investment inefficiency," and dual shrinkage of SOEs in both investment and output.Our research also sheds lights on evaluation of preceding reforms,understanding of SOEs' losses and bad bank loans.The paper partially justifies the property-rights-oriented reformation of SOEs.

  4. Marshall Space Flight Center Technology Investments Overview

    Science.gov (United States)

    Tinker, Mike

    2014-01-01

    NASA is moving forward with prioritized technology investments that will support NASA's exploration and science missions, while benefiting other Government agencies and the U.S. aerospace enterprise. center dotThe plan provides the guidance for NASA's space technology investments during the next four years, within the context of a 20-year horizon center dotThis plan will help ensure that NASA develops technologies that enable its 4 goals to: 1.Sustain and extend human activities in space, 2.Explore the structure, origin, and evolution of the solar system, and search for life past and present, 3.Expand our understanding of the Earth and the universe and have a direct and measurable impact on how we work and live, and 4.Energize domestic space enterprise and extend benefits of space for the Nation.

  5. PV investment in Europe

    Energy Technology Data Exchange (ETDEWEB)

    Hueser, Pius [Nova Energy GmbH, (Switzerland)

    2007-06-15

    This presentation is mainly about how the PV market in Europe has been growing, and which elements are going to determine if this market succeed or failed not only in Europe but also in the rest of the world. In the first part of this presentation, it is mentioned how in 2005 the development of some PV technologies triggered the PV market growth without any marketing control. Then, there are explained the aspects that changed such situation out of control, therefore, it emerged the beginning of the consolidation of this market. There are briefly explained those factors that are going to determine if this market succeed or failed in the future. Finally, there are given examples of some the PV investments. [Spanish] Esta presentacion habla principalmente de la manera en como ha crecido el Mercado de sistemas fotovoltaicos en Europa, asi tambien se mencionan los elementos fundamentales que determinaran el exito o fracaso de este mercado, no solamente en Europa sino tambien en el resto del mundo, en un futuro. En la primera parte de esta presentacion, se describe como en el 2005, debido al desarrollo de algunas tecnologias fotovoltaicas se desencadeno el crecimiento desenfrenado del mercado fotovoltaico. Despues, se explican los aspectos que hicieron que dicho crecimiento tomara su curso, teniendo como resultado el inicio de un mercado mas consolidado. Se explican brevemente los factores que determinaran si este mercado encuentra el exito o el fracaso en un futuro. Finalmente, se dan ejemplos de algunas adquisiciones fotovoltaicas.

  6. Novel Link Adaptation Schemes for OFDM System

    Institute of Scientific and Technical Information of China (English)

    LEI Ming; CAI Peng; XU Yue-shan; ZHANG Ping

    2003-01-01

    Orthogonal Frequency Division Multiplexing (OFDM) is the most promising technique supporting the high data rate transmission. The combination of the link adaptation and OFDM can further increase the spectral efficiency. In this paper, we put forward two link adaptation schemes for OFDM system which have the advantages of both flexibility and practicability. Both of the two novel link adaptation schemes are based on the iterative mechanism to allocate the bit and power to subcarriers according to their channel gains and noisy levels which are assumed to be already known at the transmitter. The candidate modulation modes are determined freely before the link adaptation schemes are performed. The distinction between the two novel link adaptation schemes is that in the novel scheme A, the modulation mode is upgraded to the neighboring higher-order mode, while in the novel scheme B the modulation is upgraded to the genuine optimal mode. Therefore, the novel scheme A has the advantage of lower complexity and the novel scheme B has the advantage of higher spectral efficiency.

  7. Variations in Human Capital Investment Activity by Age.

    Science.gov (United States)

    Simpson, Patricia A.; Greller, Martin M.; Stroh, Linda K.

    2002-01-01

    Late-career workers (ages 50-65) were more likely to participate in credentialing programs, targeted job-related courses, and on-the-job computer training than younger adults and received similar employer support. However, participation might be a consequence of support received. Human capital investment thus is more complex than conventional…

  8. COMPARITIVE STUDY OF SELECTED EQUITY - DIVERSIFIED MUTUAL FUND SCHEMES

    Directory of Open Access Journals (Sweden)

    Deepika Sharma

    2011-05-01

    Full Text Available With the plethora of schemes available in the Indian markets, aninvestors needs to evaluate and consider various factors beforemaking an investment decision. The present investigation is aimedto examine the performance of safest investment instrument in thesecurity market in the eyes of investors i.e., mutual funds byspecially focusing on equity-diversified schemes. Eight mutual fundschemes have been selected for this purpose. The examination isachieved by assessing various financial tests like Sharpe Ratio,Standard Deviation, Alpha, Beta (b and Coefficient ofDetermination (R2. Furthermore, in-depth analysis also has beendone by considering return over the period of last five years onvarious basis, expenses ratio, corpus-size etc. the data has beentaken from various websites of mutual fund schemes and from www.amfiindia.com. Calculated results are in the favor of RelianceRegular Savings Equity in terms of returns over the last five yearsand Birla Sun Life Dividend Yield Plus in terms of maximum returns by taking minimum risks. The study will be helpful for the researchers and financial analysts to analyze various securities orfunds while selecting the best investment alternative out of thegalaxy of investment alternatives.

  9. Investment patterns in Dutch glasshouse horticulture

    NARCIS (Netherlands)

    Goncharova, N.

    2007-01-01

    Keywords: investment, uncertainty, investment spikes, entry, exit, duration model, GMM dynamic panel data estimator, Negative Binomial model, Heckman selection model, moving window ARIMA, Principal Component analysis, horticultureThis thesis focuses on the analysis of investment decision-maki

  10. Investment patterns in Dutch glasshouse horticulture

    NARCIS (Netherlands)

    Goncharova, N.

    2007-01-01

    Keywords: investment, uncertainty, investment spikes, entry, exit, duration model, GMM dynamic panel data estimator, Negative Binomial model, Heckman selection model, moving window ARIMA, Principal Component analysis, horticultureThis thesis focuses on the analysis of investment

  11. A Fuzzy Commitment Scheme

    CERN Document Server

    Al-saggaf, Alawi A

    2008-01-01

    This paper attempt has been made to explain a fuzzy commitment scheme. In the conventional Commitment schemes, both committed string m and valid opening key are required to enable the sender to prove the commitment. However there could be many instances where the transmission involves noise or minor errors arising purely because of the factors over which neither the sender nor the receiver have any control. The fuzzy commitment scheme presented in this paper is to accept the opening key that is close to the original one in suitable distance metric, but not necessarily identical. The concept itself is illustrated with the help of simple situation.

  12. Positive Effects FROM SHRINKING INVESTMENT

    Institute of Scientific and Technical Information of China (English)

    Luo Yang

    2009-01-01

    @@ Since its launch in November 2008,the RMB 4 trillion investment plan has been carrying the task of "capital growth".According to the plan,from the fourth quarter of 2008 to the end of 2010,the central government will increase a total of RMB 1.18 trillion additional funds to promote local and social investment.The goal is to achieve a total investment of around RMB 4 trillion,of which RMB 487.5 billion will be added this year.

  13. Investing in the Long Term

    Institute of Scientific and Technical Information of China (English)

    Valerie; Sartor

    2007-01-01

    Janice Dai is a senior executive at Harvest Fund Management Co.Ltd.,one of China’s top fund management compa- nies,managing fixed income market investments across the country.She also leads her company’s overall institutional investments.Recently she agreed to talk about her company as well as comment on China’s booming financial indus- try,in the wake of overseas invest- ment bankers predicting tremen- dous returns on the Chinese main- land over the next few years.

  14. Investing in Japan? Statistics Speak

    Institute of Scientific and Technical Information of China (English)

    Guo Liqin

    2009-01-01

    @@ Is investing in Japan a good choice for ambitious Chinese enterprises? Xiong Lin, partner at the Beijing DaDi Law firm, reminded potential investors that understanding Sino-Japan cultural differences, local policies and the procedures concerning investment, as well as protecting intellectual property and prompt communication with local con-sulting finns are the keys to good prepa-ration. She gave this advice at the "2009 Investment in Japan Seminar" on March 5, a seminar co-hosted by CCPIT (China Council for the promotion of International Trade) and JETRO (Japan External Trade Organization) as the follow-up to a session held in 2007.

  15. Whose crazy investment in sex?

    Science.gov (United States)

    Mandlis, Lane R

    2011-01-01

    By probing the processes of exclusion of transsexuals from the political sphere, this article offers contributions to social and political theory through an examination of the processes of exclusion from the category "human." This article considers how the erasure of investment in their own embodied sex constructs a platform from which to blame others for sex/gender variance, as well as to justify that blaming. Bringing together Giorgio Agamben, Georges Bataille, Judith Butler, and Nikolas Rose with transphobia, medicalization in psychiatry, law, and ethopolitics, this article questions whose investment in sexed embodiment counts and why that investment might be seen as "crazy."

  16. Debt Covenant Renegotiation and Investment

    DEFF Research Database (Denmark)

    Arnold, Marc; Westermann, Ramona

    This paper analyzes the impact of debt covenant renegotiation outside corporate distress on firms. We study a structural model of a levered firm that can renegotiate debt both at investment and in corporate distress. Covenant renegotiation at investment reduces the agency cost of debt because...... it induces a firm value maximizing investment financing policy and mitigates the overinvestment problem. Incorporating renegotiation outside corporate distress is crucial to explain empirical occurrence patterns of debt renegotiation, the impact of debt renegotiation on corporate securities, and the relation...

  17. Documenting investment policy boosts safety, returns.

    Science.gov (United States)

    Kovener, R R

    1992-02-01

    The process and responsibility for a healthcare organization's investment decisions should be clearly documented in an investment policy. Any investment policy should contain at least seven elements: how investments relate to the organization's mission; responsibilities of involved parties; long- and short-term objectives; desired balance between return and risk; proportions of a portfolio held in stocks, bonds, and other investments; disposition of donated assets; desired investment reports; and the process for keeping the policy current.

  18. Research of relationship between uncertainty and investment

    Institute of Scientific and Technical Information of China (English)

    MENG Li; WANG Ding-wei

    2005-01-01

    This study focuses on revealing the relationship between uncertainty and investment probability through real option model involving investment critical trigger and project earning. Use of Matlab software on the experimental results showing that project earning volatility influences investment probability, led the authors to conclude that this notion is not always correct, as increasing uncertainty should have an inhibiting effect on investment, and that in certain situation, increasing uncertainty actually increases the investment probability and so, should have positive impact on investment.

  19. The Role Of Foreign Investment In Economic And Social Development In Libya

    Directory of Open Access Journals (Sweden)

    Mustafa Khalifa Thawadi El. Hamoudi

    2015-08-01

    Full Text Available Investment is whether in local or foreign organization is the action Plan split by various investment activities The Libyan economy is among those economies that require this kind of foreign investment to achieve the desired economic goals which are correlated with the objectives of the Libyan economic system for subsequent stages. Therefore it is important to study the trends and determinants of FDI in developing in general and in Libya in particular. This paper describes the role that could be played by investment foreign investment in economic and social development in Libya pointing out the positive and negative aspects and how to deal with each of them in proportion to the facts of the Libyan Economy needs. And in the light of the new economic orientation in line with the political and economic developments in the international arena and foreign investment and thus contributing to the expansion of the ownership base and create job opportunities for citizen in this study will follow the descriptive approach through the way ahead obtained from digital data from various sources using the forms as required and discussed this paper to the definition of foreign investment evolved of investment determinants of FDI motivated encourage foreign investment history prospects for foreign direct investment in Libya Barriers to foreign direct investment in Libya Policies strategies to support foreign direct investment in Libya conclusions and recommendations.

  20. China's Investment Leade Dr, Alyce Su

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    @@ I. Professional Background Dr. Alyce Su specializes in investment managemeng, managing portfolios consisted of investment opportunities originated from China's growth and internationalization, both'outbound and inbound.

  1. CSR schemes in agribusiness

    DEFF Research Database (Denmark)

    Pötz, Katharina Anna; Haas, Rainer; Balzarova, Michaela

    2013-01-01

    Purpose – The rise of CSR followed a demand for CSR standards and guidelines. In a sector already characterized by a large number of standards, the authors seek to ask what CSR schemes apply to agribusiness, and how they can be systematically compared and analysed. Design....../methodology/approach – Following a deductive-inductive approach the authors develop a model to compare and analyse CSR schemes based on existing studies and on coding qualitative data on 216 CSR schemes. Findings – The authors confirm that CSR standards and guidelines have entered agribusiness and identify a complex landscape...... of schemes that can be categorized on focus areas, scales, mechanisms, origins, types and commitment levels. Research limitations/implications – The findings contribute to conceptual and empirical research on existing models to compare and analyse CSR standards. Sampling technique and depth of analysis limit...

  2. Tabled Execution in Scheme

    Energy Technology Data Exchange (ETDEWEB)

    Willcock, J J; Lumsdaine, A; Quinlan, D J

    2008-08-19

    Tabled execution is a generalization of memorization developed by the logic programming community. It not only saves results from tabled predicates, but also stores the set of currently active calls to them; tabled execution can thus provide meaningful semantics for programs that seemingly contain infinite recursions with the same arguments. In logic programming, tabled execution is used for many purposes, both for improving the efficiency of programs, and making tasks simpler and more direct to express than with normal logic programs. However, tabled execution is only infrequently applied in mainstream functional languages such as Scheme. We demonstrate an elegant implementation of tabled execution in Scheme, using a mix of continuation-passing style and mutable data. We also show the use of tabled execution in Scheme for a problem in formal language and automata theory, demonstrating that tabled execution can be a valuable tool for Scheme users.

  3. Capital investment as a basis for innovative enterprises’ capacity development

    Directory of Open Access Journals (Sweden)

    V.V. Shekman

    2013-03-01

    development of national economy. They promote to create required industrys raw material base, to accelerate the scientific and technical progress, to the production quality, to develope new product markets.The financing of the innovation and investment activity can be both at domestic cost and at foreign investors cost. Though nowadays the volumes of foreign investments are too small because of tense economic and political situation. The structure of investment sources in includes: enterprise own financial funds, borrowed money, raised money and allocation. At the present stage of national economy development the innovation and investment processes of industrial enterprises have inertial characteristics because of accumulated internal and external problems existing for many years. We should direct the domestic science and technical potential to provide the needs of the economic innovation development of Ukraine and to organize hi-tech production. Also it is necessary to develop and implement the means of government support in innovative activity, to increase the budget financing in enterprises innovative activity.In spite of real gross domestic product increase in 2010 and improvement of internal and external market conditions the private and state sectors decreased the investments into the productive capacity extension. The law rate of investments into the fixed capital is to be a threat for further economy renewal because the third part of the investments is in operations in the current year, and the other two-thirds of investments is in next year operations. So it is impossible in medium-term prospect to fasten the development of Ukraine economy.Conclusions and directions of further researches. Consequently, the investment matter directed on enterprises fixed capital funds renewal is a key matter in the problem-solving of Ukrainian industry innovation development activation. The further research trends are the development of methods to choice the appropriate structure of

  4. China's Foreign Investment Develops Stably

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    @@ In 2006, with the promotion of economic globalization and the rapid development of Chinese economy, the foreign investment of Chinese companies got further accelerated and promoted the fast, coordinated, healthy development of national economy.

  5. Inconsistent Investment and Consumption Problems

    DEFF Research Database (Denmark)

    Kronborg, Morten Tolver; Steffensen, Mogens

    2015-01-01

    of future labor income net of consumption. Using the verification theorem we give a detailed analysis of this problem. It turns out that the optimal amount of money to invest in stocks is given by a linear function of wealth plus the financial value of future labor income net of consumption. The optimal......In a traditional Black–Scholes market we develop a verification theorem for a general class of investment and consumption problems where the standard dynamic programming principle does not hold. The theorem is an extension of the standard Hamilton–Jacobi–Bellman equation in the form of a system...... of non-linear differential equations. We derive the optimal investment and consumption strategy for a mean-variance investor without pre-commitment endowed with labor income. In the case of constant risk aversion it turns out that the optimal amount of money to invest in stocks is independent of wealth...

  6. INNOVATION AND INVESTMENT STRATEGY CRISIS MANAGEMENT, SUSTAINABLE DEVELOPMENT FIRMS

    Directory of Open Access Journals (Sweden)

    I. V. Cheryomushkina

    2015-01-01

    Full Text Available Summary. The article describes the factors of the crisis, the sustainability of investment and shows the role of investment strategies in the current economic conditions. The authors have disclosed features to ensure the crisis-stability of firms based on the use of different types of investment strategies to basic, which, first of all, should include a strategy of expansion and diversification, stabilization and reconstruction, renovation and development of innovations. The introduction of the practice of formation of the investment policy will achieve high rates of economic growth and support the competitiveness of firms. Investment policy is a part of the overall financial strategy of the enterprise, is to select and implement the most effective forms of investment to ensure high rates of development and constant growth of the market value. With it, the company implements its ability to anticipation of long-term economic trends and adapt to them. The complexity of the investment activities is largely due to the peculiarities of the organizational and economic situation of enterprises. The investment strategy is subject to the basic strategy of economic development of the enterprise. The positive results of the investment strategy, manifested in the form of increasing the economic potential of the company, its mobilization for achieving a qualitatively new level of development are the basis for increasing the crisis-stability. Revealed the decisive role of innovation to ensure sustainable development of the enterprise. Innovation potential allows to form the necessary basis of early detection of problems in the sustainable development of the company. Ensuring sustainable development of the enterprise on the basis of the formation and use of innovative potential in practice can reasonably review the strategic guidelines for innovation activities and the economic effect, expressed in the sustainable development and effective functioning.

  7. Sustainable Markets Investment Briefings: Overview

    Energy Technology Data Exchange (ETDEWEB)

    Cotula, Lorenzo

    2007-08-15

    This is the first of a series of briefings which discuss the sustainable development issues raised by legal arrangements for the protection of foreign investment. The briefings are based on legal research by IIED and its partners. The goal is to provide accessible but accurate information for human rights, development and environmental organisations working on issues raised by foreign investment in low- and middle-income countries. Briefing 1 provides a general overview of key issues.

  8. Spillovers from Foreign Direct Investment

    DEFF Research Database (Denmark)

    Meyer, Klaus E.; Sinani, Evis

    2005-01-01

    The extensive empirical literature analyzing productivity spillovers from foreign direct investment to local firms provides inconclusive results. Some studies find that foreign presence has a positive impact on the productivity of domestic firms, while others find no evidence or a negative effect...... for industrialized countries in the 1990s. Transition economies may experience spillovers, but these have been declining in recent years. Keywords: developing countries, transition economies, spillovers, foreign direct investment, technology transfer, meta-analysis...

  9. Investment Decisions and Offspring Gender

    OpenAIRE

    Bogan, Vicki

    2009-01-01

    Economic research has documented many economic affects of offspring gender on parental behavior. However, an open question exists as to whether offspring gender has any influence on parental investment decision making. Specifically, I investigate whether female offspring have an impact on investment decisions with respect to stock and bondholding. Using a panel data set, I find that for male respondents, having only female offspring increases the probability of stockholding by over 17%. In co...

  10. Foreign Direct Investment For Sale

    OpenAIRE

    Onur Koska

    2009-01-01

    This study examines the choice of a multinational firm between two alternative entry modes, a greenfield investment and a joint venture, under incomplete information. The joint venture partner is selected by an auction, which distinguishes this study from other studies in the literature. A private values auction allows a multinational firm to increase its share of the joint venture profit so that a joint venture is always preferable to greenfield investment. The model also examines the nation...

  11. Foreign Direct Investment For Sale

    OpenAIRE

    Onur Koska

    2009-01-01

    This study examines the choice of a multinational firm between two alternative entry modes, a greenfield investment and a joint venture, under incomplete information. The joint venture partner is selected by an auction, which distinguishes this study from other studies in the literature. A private values auction allows a multinational firm to increase its share of the joint venture profit so that a joint venture is always preferable to greenfield investment. The model also examines the nation...

  12. Certificateless Key-Insulated Generalized Signcryption Scheme without Bilinear Pairings

    Directory of Open Access Journals (Sweden)

    Caixue Zhou

    2017-01-01

    Full Text Available Generalized signcryption (GSC can be applied as an encryption scheme, a signature scheme, or a signcryption scheme with only one algorithm and one key pair. A key-insulated mechanism can resolve the private key exposure problem. To ensure the security of cloud storage, we introduce the key-insulated mechanism into GSC and propose a concrete scheme without bilinear pairings in the certificateless cryptosystem setting. We provide a formal definition and a security model of certificateless key-insulated GSC. Then, we prove that our scheme is confidential under the computational Diffie-Hellman (CDH assumption and unforgeable under the elliptic curve discrete logarithm (EC-DL assumption. Our scheme also supports both random-access key update and secure key update. Finally, we evaluate the efficiency of our scheme and demonstrate that it is highly efficient. Thus, our scheme is more suitable for users who communicate with the cloud using mobile devices.

  13. Investing in Teacher Leaders

    Science.gov (United States)

    Kingsley, Judy

    2012-01-01

    All across California, educators are finding that creating strong and effective Professional Learning Communities (PLCs) at every grade level or in every subject area is not easy. It may be tempting to conclude that PLCs are one more idea that did not work. But there is solid research to support the core concepts of PLCs: (1) a focus on learning;…

  14. Effects of Oil Price, External Debt and Population on the Government Investment in Syria

    Directory of Open Access Journals (Sweden)

    Adel Shakeeb Mohsen

    2015-03-01

    Full Text Available This study attempts to investigate the effect of oil price, external debt and population on the government investment in Syria over the period 1970-2010. The Johansen cointegration test showed that oil price, external debt and population have a positive and significant long run relationship with government investment. The Granger causality test indicates bidirectional long-run causality relationships between oil price, external debt, population, and government investment. There are also unidirectional short-run causality relationships running from oil price and population to government investment, and bidirectional short-run causality relationship between external debt and government investment. The study result indicates that, external debt have the biggest effect on the government investment, as well as oil price and population can play an important role in supporting the government investment in the country.

  15. Smarter finance for cleaner energy: open up master limited partnerships (MLPs) and real estate investment trusts (REITs) to renewable energy investment

    Energy Technology Data Exchange (ETDEWEB)

    Mormann, Feliz; Reicher, Dan

    2012-11-15

    Master Limited Partnerships (MLPs) and Real Estate Investment Trusts (REITs)—both well-established investment structures—should be opened up to renewable energy investment. MLPs and, more recently, REITs have a proven track record for promoting oil, gas, and other traditional energy sources. When extended to renewable energy projects these tools will help promote growth, move renewables closer to subsidy independence, and vastly broaden the base of investors in America’s energy economy. The extension of MLPs and REITs to renewables enjoys significant support from the investment and clean energy communities. In addition, MLPs for renewables also enjoy bipartisan political backing in Congress.

  16. XTR-Kurosawa-Desmedt Scheme

    Institute of Scientific and Technical Information of China (English)

    DING XIU-HUAN; FU ZHI-GUO; ZHANG SHU-GONG

    2009-01-01

    This paper proposes an XTR version of the Kurosawa-Desmedt scheme. Our scheme is secure against adaptive choeen-ciphertext attack under the XTR version of the Decisional Diffie-Hellman assumption in the standard model. Comparing efficiency between the Kurosawa-Desmedt scheme and the proposed XTR-Kurosawa-Desmedt scheme, we find that the proposed scheme is more efficient than the Kurosawa-Desmedt scheme both in communication and computation without compromising security.

  17. An Integrated Approach for the Improvement of Flood Control and Drainage Schemes in the Coastal Belt of Bangladesh

    NARCIS (Netherlands)

    Ali, L.

    2002-01-01

    During the past decades huge investments have been made in flood protection, drainage and irrigation schemes to reclaim and develop many polder areas in Bangladesh. In these areas a careful water management is required to get optimal results from the investments in the physical infrastructure and en

  18. 复杂环境条件下深厚砂层基坑支护方案设计及监测%Design of Foundation Pit Supporting Scheme for Deep and Thick Sand Layer under Complex Conditions and the Monitoring

    Institute of Scientific and Technical Information of China (English)

    陈全礼; 王荣彦; 张志敏

    2012-01-01

      Pile-anchor retaining and compound soil nailing support are the common schemes for the foundation pit support-ing.In the view of the economy and deformation control, each scheme has its advantages and disadvantages.With the engi-neering case, the discussion was made on the safe and economical supporting scheme by composition of soil nailing wall with vertical micro-pile and pre-stressed anchor, and the supporting effect was verified by the deformation monitoring data.%  桩锚支护和复合土钉墙支护等是基坑支护的常用方案,从经济性和控制变形效果来看二者各有优缺点。通过工程实例,探讨了深厚砂层等复杂环境条件下既安全又经济的土钉墙与竖向微型桩、预应力锚杆等结合组成的基坑支护方案,并通过变形监测数据验证其支护效果

  19. Succesful labelling schemes

    DEFF Research Database (Denmark)

    Juhl, Hans Jørn; Stacey, Julia

    2001-01-01

    It is usual practice to evaluate the success of a labelling scheme by looking at the awareness percentage, but in many cases this is not sufficient. The awareness percentage gives no indication of which of the consumer segments that are aware of and use labelling schemes and which do not. In the ......It is usual practice to evaluate the success of a labelling scheme by looking at the awareness percentage, but in many cases this is not sufficient. The awareness percentage gives no indication of which of the consumer segments that are aware of and use labelling schemes and which do not....... In the spring of 2001 MAPP carried out an extensive consumer study with special emphasis on the Nordic environmentally friendly label 'the swan'. The purpose was to find out how much consumers actually know and use various labelling schemes. 869 households were contacted and asked to fill in a questionnaire...... it into consideration when I go shopping. The respondent was asked to pick the most suitable answer, which described her use of each label. 29% - also called 'the labelling blind' - responded that they basically only knew the recycling label and the Government controlled organic label 'Ø-mærket'. Another segment of 6...

  20. Optimal investment in learning-curve technologies

    NARCIS (Netherlands)

    Della Seta, M.; Gryglewicz, S.; Kort, P.M.

    2012-01-01

    We study optimal investment in technologies characterized by the learning curve. There are two investment patterns depending on the shape of the learning curve. If the learning process is slow, firms invest relatively late and on a larger scale. If the curve is steep, firms invest earlier and on a s

  1. 78 FR 72393 - Net Investment Income Tax

    Science.gov (United States)

    2013-12-02

    ... Investment Income Tax; Final and Proposed Rules #0;#0;Federal Register / Vol. 78, No. 231 / Monday, December... Parts 1 and 602 RIN 1545-BK44 Net Investment Income Tax AGENCY: Internal Revenue Service (IRS), Treasury... Investment Income Tax and the computation of Net Investment Income. The regulations affect...

  2. 12 CFR 211.9 - Investment procedures.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 2 2010-01-01 2010-01-01 false Investment procedures. 211.9 Section 211.9... Investment procedures. (a) General provisions. 5 Direct and indirect investments shall be made in accordance... investments in excess of the limitations therein based on capital and surplus. (1) Minimum capital...

  3. 12 CFR 563e.23 - Investment test.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 5 2010-01-01 2010-01-01 false Investment test. 563e.23 Section 563e.23 Banks... for Assessing Performance § 563e.23 Investment test. (a) Scope of test. The investment test evaluates... qualified investments that benefit its assessment area(s) or a broader statewide or regional area...

  4. 43 CFR 29.11 - Investment.

    Science.gov (United States)

    2010-10-01

    ... 43 Public Lands: Interior 1 2010-10-01 2010-10-01 false Investment. 29.11 Section 29.11 Public... Investment. (a) The monies accumulated in the Fund shall be prudently invested in the following types of... investment advisor or custodian to the Fund, or their affiliates may be purchased or held by the Fund....

  5. Enterprises of Ukraine: effective investment potencial management

    OpenAIRE

    Pashkevych, Marina Serhiyivna

    2011-01-01

    The issues of enterprise investment potencial effective management according to principles of sustainable development are investigated. The determination of enterprise investment potencial, the indicator of investment management effectiveness assessment and approaches to ranking of branches in compliance with enterprise investment potencial are developed.

  6. Investment policy, guidelines help providers control risk.

    Science.gov (United States)

    Seidner, A G

    1989-03-01

    Because the financial markets are volatile, every healthcare organization should establish its own investment policy and guidelines. An investment policy reflects the views of a hospital's board of trustees, and helps the trustees avoid conflict of interest situations. Investment guidelines spell out management's approach to three critical investing components: safety of principal, liquidity, and yield.

  7. Gold versus stock investment: An econometric analysis

    Directory of Open Access Journals (Sweden)

    Martin Surya Mulyadi

    2012-06-01

    Full Text Available It is important to have a portfolio in investment to diversify the investment to different kinds of instruments. Based on previous research, it is concluded that gold is a good portfolio diversifier, a hedge against stock and safe haven in extreme stock market condition. As an investment instrument, stock is exposed to macroeconomic risks and global stock market risks. In this research, we conduct a comparison between the stock investment and gold investment by using the probit econometric model and data from 1997 to 2011. The final result obtained from the model shows that the gold investment is more advantageous than the stock investment.

  8. Parker's sneak-guard model revisited: why do reproductively parasitic males heavily invest in testes?

    Science.gov (United States)

    Ota, Kazutaka; Kohda, Masanori; Hori, Michio; Sato, Tetsu

    2011-10-01

    Alternative reproductive tactics are widespread in males and may cause intraspecific differences in testes investment. Parker's sneak-guard model predicts that sneaker males, who mate under sperm competition risk, invest in testes relatively more than bourgeois conspecifics that have lower risk. Given that sneakers are much smaller than bourgeois males, sneakers may increase testes investment to overcome their limited sperm productivity because of their small body sizes. In this study, we examined the mechanism that mediates differential testes investment across tactics in the Lake Tanganyika cichlid fish Lamprologus callipterus. In the Rumonge population of Burundi, bourgeois males are small compared with those in other populations and have a body size close to sneaky dwarf males. Therefore, if differences in relative testis investment depend on sperm competition, the rank order of relative testis investment should be dwarf males > bourgeois males in Rumonge = bourgeois males in the other populations. If differences in relative testis investment depend on body size, the rank order of relative testes investment should be dwarf males > bourgeois males in Rumonge > bourgeois males in the other populations. Comparisons of relative testis investment among the three male groups supported the role of sperm competition, as predicted by the sneak-guard model. Nevertheless, the effects of absolute body size on testes investment should be considered to understand the mechanisms underlying intraspecific variation in testes investment caused by alternative reproductive tactics.

  9. Compact Spreader Schemes

    Energy Technology Data Exchange (ETDEWEB)

    Placidi, M.; Jung, J. -Y.; Ratti, A.; Sun, C.

    2014-07-25

    This paper describes beam distribution schemes adopting a novel implementation based on low amplitude vertical deflections combined with horizontal ones generated by Lambertson-type septum magnets. This scheme offers substantial compactness in the longitudinal layouts of the beam lines and increased flexibility for beam delivery of multiple beam lines on a shot-to-shot basis. Fast kickers (FK) or transverse electric field RF Deflectors (RFD) provide the low amplitude deflections. Initially proposed at the Stanford Linear Accelerator Center (SLAC) as tools for beam diagnostics and more recently adopted for multiline beam pattern schemes, RFDs offer repetition capabilities and a likely better amplitude reproducibility when compared to FKs, which, in turn, offer more modest financial involvements both in construction and operation. Both solutions represent an ideal approach for the design of compact beam distribution systems resulting in space and cost savings while preserving flexibility and beam quality.

  10. Towards Symbolic Encryption Schemes

    DEFF Research Database (Denmark)

    Ahmed, Naveed; Jensen, Christian D.; Zenner, Erik

    2012-01-01

    Symbolic encryption, in the style of Dolev-Yao models, is ubiquitous in formal security models. In its common use, encryption on a whole message is specified as a single monolithic block. From a cryptographic perspective, however, this may require a resource-intensive cryptographic algorithm......, namely an authenticated encryption scheme that is secure under chosen ciphertext attack. Therefore, many reasonable encryption schemes, such as AES in the CBC or CFB mode, are not among the implementation options. In this paper, we report new attacks on CBC and CFB based implementations of the well......-known Needham-Schroeder and Denning-Sacco protocols. To avoid such problems, we advocate the use of refined notions of symbolic encryption that have natural correspondence to standard cryptographic encryption schemes....

  11. A Spatial Domain Quantum Watermarking Scheme

    Science.gov (United States)

    Wei, Zhan-Hong; Chen, Xiu-Bo; Xu, Shu-Jiang; Niu, Xin-Xin; Yang, Yi-Xian

    2016-07-01

    This paper presents a spatial domain quantum watermarking scheme. For a quantum watermarking scheme, a feasible quantum circuit is a key to achieve it. This paper gives a feasible quantum circuit for the presented scheme. In order to give the quantum circuit, a new quantum multi-control rotation gate, which can be achieved with quantum basic gates, is designed. With this quantum circuit, our scheme can arbitrarily control the embedding position of watermark images on carrier images with the aid of auxiliary qubits. Besides reversely acting the given quantum circuit, the paper gives another watermark extracting algorithm based on quantum measurements. Moreover, this paper also gives a new quantum image scrambling method and its quantum circuit. Differ from other quantum watermarking schemes, all given quantum circuits can be implemented with basic quantum gates. Moreover, the scheme is a spatial domain watermarking scheme, and is not based on any transform algorithm on quantum images. Meanwhile, it can make sure the watermark be secure even though the watermark has been found. With the given quantum circuit, this paper implements simulation experiments for the presented scheme. The experimental result shows that the scheme does well in the visual quality and the embedding capacity. Supported by the National Natural Science Foundation of China under Grant Nos. 61272514, 61170272, 61373131, 61121061, 61411146001, the program for New Century Excellent Talents under Grant No. NCET-13-0681, the National Development Foundation for Cryptological Research (Grant No. MMJJ201401012) and the Fok Ying Tung Education Foundation under Grant No. 131067, and the Shandong Provincial Natural Science Foundation of China under Grant No. ZR2013FM025

  12. Lessons from community-based payment for ecosystem service schemes: from forests to rangelands.

    Science.gov (United States)

    Dougill, Andrew J; Stringer, Lindsay C; Leventon, Julia; Riddell, Mike; Rueff, Henri; Spracklen, Dominick V; Butt, Edward

    2012-11-19

    Climate finance investments and international policy are driving new community-based projects incorporating payments for ecosystem services (PES) to simultaneously store carbon and generate livelihood benefits. Most community-based PES (CB-PES) research focuses on forest areas. Rangelands, which store globally significant quantities of carbon and support many of the world's poor, have seen little CB-PES research attention, despite benefitting from several decades of community-based natural resource management (CBNRM) projects. Lessons from CBNRM suggest institutional considerations are vital in underpinning the design and implementation of successful community projects. This study uses documentary analysis to explore the institutional characteristics of three African community-based forest projects that seek to deliver carbon-storage and poverty-reduction benefits. Strong existing local institutions, clear land tenure, community control over land management decision-making and up-front, flexible payment schemes are found to be vital. Additionally, we undertake a global review of rangeland CBNRM literature and identify that alongside the lessons learned from forest projects, rangeland CB-PES project design requires specific consideration of project boundaries, benefit distribution, capacity building for community monitoring of carbon storage together with awareness-raising using decision-support tools to display the benefits of carbon-friendly land management. We highlight that institutional analyses must be undertaken alongside improved scientific studies of the carbon cycle to enable links to payment schemes, and for them to contribute to poverty alleviation in rangelands.

  13. Labeling Schemes with Queries

    OpenAIRE

    2006-01-01

    We study the question of ``how robust are the known lower bounds of labeling schemes when one increases the number of consulted labels''. Let $f$ be a function on pairs of vertices. An $f$-labeling scheme for a family of graphs $\\cF$ labels the vertices of all graphs in $\\cF$ such that for every graph $G\\in\\cF$ and every two vertices $u,v\\in G$, the value $f(u,v)$ can be inferred by merely inspecting the labels of $u$ and $v$. This paper introduces a natural generalization: the notion of $f$-...

  14. A framework for social investment strategies

    DEFF Research Database (Denmark)

    Kvist, Jon

    2015-01-01

    and multidimensional nature of social issues and social investments. Theoretically, this article establishes such a framework consisting of generational, life course and gender perspectives on social investments. The generational perspective brings out that social investments involve horizontal redistribution......From 2013 the European Union has promoted social investments as a national reform strategy to increase individuals' capacities and national economic growth. However, to take full advantage of social investments, the strategy needs a more coherent framework that takes into account the dynamic...

  15. Canada: An Ideal Place for Outbound Investment

    Institute of Scientific and Technical Information of China (English)

    Li Zhen

    2010-01-01

    @@ In recent years,bilateral investment between China and Canada has become more and more active.According to the report on overseas investment of Chinese enterprises released by China Council for the Promotion of International Trade (CCPIT)at the 4th Chinese Enterprise Outbound Investment Conference,Chinese overseas investment is displaying an increasing trend,with the strength of Chinese enterprises and overseas investment rapidly growing.

  16. Investment attractiveness of Ukraine: problems and solutions

    Directory of Open Access Journals (Sweden)

    Onishchenko Irina

    2016-03-01

    Full Text Available The article describes basic questions of the investment climate and investment attractiveness of Ukraine. Investment Attractiveness Index is analyzed by the methodology of European Business Association. The main advantages of Ukraine that attract foreign investors are revised. The article applies the comprehensive approach to study the problems hindering the increase of investment attractiveness of Ukraine. It determines the ways of solving the problems associated with deterring investment development.

  17. 77 FR 35082 - Arrow Investment Advisers, LLC and Arrow Investments Trust; Notice of Application

    Science.gov (United States)

    2012-06-12

    ... COMMISSION Arrow Investment Advisers, LLC and Arrow Investments Trust; Notice of Application June 6, 2012... order under section 6(c) of the Investment Company Act of 1940 (``Act'') for an exemption from sections... Investment Advisers, LLC (``Arrow'') and Arrow Investments Trust (the ``Trust''). Summary of...

  18. The Library as Strategic Investment: Results of the Illinois Return on Investment Study

    Directory of Open Access Journals (Sweden)

    Paula T. Kaufman

    2008-11-01

    Full Text Available University administrators are asking library directors to demonstrate their library's value to the institution in easily articulated quantitative terms that focus on outputs rather than on traditionally reported input measures. This paper reports on a study undertaken at the University of Illinois at Urbana-Champaign that sought to measure the return on the university's investment in its library. The study sought to develop a quantitative measure that recognizes the library's value in supporting the university's strategic goals, using grant income generated by faculty using library materials. It also sought to confirm the benefits of using electronic resources and the resulting impact on productivity over a 10-year period. The results of this study, which is believed to be the first of its kind, represent only one piece of the answer to the challenge of representing the university's total return from its investment in its library.

  19. Transnational Investments in Informational Capital

    DEFF Research Database (Denmark)

    D. Munk, Martin

    This paper analyses the acquisition of informational capital, e.g. academic capital, measured as student mobility, and understood as transnational investments in prestigious foreign educational institutions. In the 1990s, educational “zones of prestige” have especially been the United States......) are more likely than students from other social classes to pursue transnational investments, even though students from the middle and working classes have now entered the competition. This result is also recently found in an analysis of Danish academic emigrants. All in all, the studies confirm...... the hypothesis that students from upper classes are more likely than others to invest in specific informational capital in the field of education, in national environments but also in international settings....

  20. Transnational Investments in Informational Capital

    DEFF Research Database (Denmark)

    D. Munk, Martin

    ) are more likely than students from other social classes to pursue transnational investments, even though students from the middle and working classes have now entered the competition. This result is also recently found in an analysis of Danish academic emigrants. All in all, the studies confirm......This paper analyses the acquisition of informational capital, e.g. academic capital, measured as student mobility, and understood as transnational investments in prestigious foreign educational institutions. In the 1990s, educational “zones of prestige” have especially been the United States...... the hypothesis that students from upper classes are more likely than others to invest in specific informational capital in the field of education, in national environments but also in international settings....

  1. Investment under Uncertain Climate Policy

    DEFF Research Database (Denmark)

    Barradale, Merrill Jones

    2014-01-01

    This paper introduces the concept of payment probability as an important component of carbon risk (the financial risk associated with CO2 emissions under uncertain climate policy). In modeling power plant investment decisions, most existing literature uses the expected carbon price (e.g., the price...... actually be faced in the case of a particular investment. This concept helps explain both the surge of activity in 2005–2006 and the subsequent decline in interest in coal-fired power plant development in the U.S. The data for this case study comes from an extensive online survey of 700 U.S. energy...... design better incentives for investing in low-carbon technologies...

  2. Investment Opportunities & Job Information

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    Teaching Vacancy: Xiamen University Tan Kan Kee College, approved by the Ministry of Education of China, was established jointly by Xiamen University and Xiamen Tan Kah Kee Educational Development Ltd. in 2003. As a comprehensive and independent college originated from Xiamen University, Tan Kah Kee College currently offers undergraduate programs. Xiamen University offers us enormous support. The college shares with Xiamen University not only their teaching facilities and faculty but also their well-known original style of pedagogy, which ensures the high quality of talent cultivation. Furthermore, to meet the international standards of higher education and the ever-growing needs of a market economy for qualified college graduates. Tan Kan Kee College dedicates itself to talent-cultiva-

  3. Alternative health insurance schemes

    DEFF Research Database (Denmark)

    Keiding, Hans; Hansen, Bodil O.

    2002-01-01

    In this paper, we present a simple model of health insurance with asymmetric information, where we compare two alternative ways of organizing the insurance market. Either as a competitive insurance market, where some risks remain uninsured, or as a compulsory scheme, where however, the level...... competitive insurance; this situation turns out to be at least as good as either of the alternatives...

  4. Optimal Investment in Structured Bonds

    DEFF Research Database (Denmark)

    Jessen, Pernille; Jørgensen, Peter Løchte

    The paper examines the role of structured bonds in the optimal portfolio of a small retail investor. We consider the typical structured bond essentially repacking an exotic option and a zero coupon bond, i.e. an investment with portfolio insurance. The optimal portfolio is found when the investment...... opportunities consist of a risky reference fund, a risk-free asset and a structured bond. Key model elements are the trading strategy and utility function of the investor. Our numerical results indicate structured bonds do have basis for consideration in the optimal portfolio. The product holdings...

  5. Noncontractible Investments and Reference Points

    Directory of Open Access Journals (Sweden)

    Oliver Hart

    2013-08-01

    Full Text Available We analyze noncontractible investments in a model with shading. A seller can make an investment that affects a buyer’s value. The parties have outside options that depend on asset ownership. When shading is not possible and there is no contract renegotiation, an optimum can be achieved by giving the seller the right to make a take-it-or-leave-it offer. However, with shading, such a contract creates deadweight losses. We show that an optimal contract will limit the seller’s offers, and possibly create ex post inefficiency. Asset ownership can improve matters even if revelation mechanisms are allowed.

  6. Foreign Investment Catalogues and Investment Environment in China

    Institute of Scientific and Technical Information of China (English)

    Liang Tao

    2010-01-01

    @@ On 23 December 2008,the National Development and Reform Commission("NDRC")and Ministry of Commerce("MOFCOM")of People's Republic of China jointly issued Catalogue of Foreign Investment Advantageous Industries in Central and Western China("Central and Western Catalogue"),which became effective on 1 January 2009.

  7. Manifesto for sustainable investment: investing for a sustainable future.

    Science.gov (United States)

    2004-01-01

    Environmental, labor, and non-governmental organizations in Europe are waging a campaign for sustainable investment to hold members of the European Union to their pledges to work for sustainable development and sustainable societies. The comment explains how to achieve sustainability by taking action at many levels of society.

  8. A simple, physically-based method for evaluating the economic costs of geo-engineering schemes

    Science.gov (United States)

    Garrett, T. J.

    2009-04-01

    The consumption of primary energy (e.g coal, oil, uranium) by the global economy is done in expectation of a return on investment. For geo-engineering schemes, however, the relationship between the primary energy consumption required and the economic return is, at first glance, quite different. The energy costs of a given scheme represent a removal of economically productive available energy to do work in the normal global economy. What are the economic implications of the energy consumption associated with geo-engineering techniques? I will present a simple thermodynamic argument that, in general, real (inflation-adjusted) economic value has a fixed relationship to the rate of global primary energy consumption. This hypothesis will be shown to be supported by 36 years of available energy statistics and a two millennia period of statistics for global economic production. What is found from this analysis is that the value in any given inflation-adjusted 1990 dollar is sustained by a constant 9.7 +/- 0.3 milliwatts of global primary energy consumption. Thus, insofar as geo-engineering is concerned, any scheme that requires some nominal fraction of continuous global primary energy output necessitates a corresponding inflationary loss of real global economic value. For example, if 1% of global energy output is required, at today's consumption rates of 15 TW this corresponds to an inflationary loss of 15 trillion 1990 dollars of real value. The loss will be less, however, if the geo-engineering scheme also enables a demonstrable enhancement to global economic production capacity through climate modification.

  9. Climate change, uncertainty and investment in flood risk reduction

    NARCIS (Netherlands)

    Pol, van der T.D.

    2015-01-01

    Economic analysis of flood risk management strategies has become more complex due to climate change. This thesis investigates the impact of climate change on investment in flood risk reduction, and applies optimisation methods to support identification of optimal flood risk management strategies. Ch

  10. causal links among saving, investment and growth and determinants ...

    African Journals Online (AJOL)

    Eyerusalem

    In turn, since economics started emerging as an independent ... domestic saving should be increased to finance domestic investment, finance imported capital ... being perfect and supportive of sustainable development in all beneficiary countries. For instance ..... Figure 1 indicates that the trend of consumption of Ethiopia.

  11. Employer's investments in hospital workers' employability and employment opportunities

    NARCIS (Netherlands)

    van Harten, E.J.; Knies, E.; Leisink, P.L.M.

    2016-01-01

    Purpose – The purpose of this paper is to examine the relationship between employer’s investments (through job characteristics and managerial support) and employees’ employment opportunities, with employability, conceptualized as perceived up-to-date expertise and willingness to change, as a mediati

  12. Investment Timing When External Financing Is Costly

    DEFF Research Database (Denmark)

    Hirth, Stefan; Uhrig-Homburg, Marliese

    2010-01-01

    This paper analyzes the investment timing of firms facing two dimensions of financing constraints: Liquidity constraints and capital market frictions inducing financing costs. We show that liquidity constraints are not sufficient to explain voluntary investment delay. However, when additionally...... considering financing costs, we can explain both voluntary delay and acceleration of investment. More precisely, we find that investment thresholds are U-shaped in liquid funds. For high-liquidity firms, investment thresholds are decreasing (i.e. accelerated investment takes place) in either dimension...... of financing constraint. In contrast, investment thresholds are increasing (i.e. investment is further delayed) in either form of financing constraint for low-liquidity firms. For intermediate levels of liquidity, investment thresholds are U-shaped in market frictions....

  13. Minimal Investment Risk of Portfolio Optimization Problem with Budget and Investment Concentration Constraints

    OpenAIRE

    Shinzato, Takashi

    2016-01-01

    In the present paper, the minimal investment risk for a portfolio optimization problem with imposed budget and investment concentration constraints is considered using replica analysis. Since the minimal investment risk is influenced by the investment concentration constraint (as well as the budget constraint), it is intuitive that the minimal investment risk for the problem with an investment concentration constraint be larger than that without the constraint (that is, with only the budget c...

  14. Defense Financial and Investment Review

    Science.gov (United States)

    1985-06-01

    to direct its attention to problems such as profit policy and the management and investment practices of defense contractors. Prorit Study 󈨖 In 1982...I \\-L 10 NO ADJUSTMENT 46- 70 71 72 73 74 75 76 77 78 79 80 81 82 83 Sources: Touche Ross; Prorit 󈨐 V-34

  15. Teacher Investment in Learner Identity

    Science.gov (United States)

    Reeves, Jenelle

    2009-01-01

    From a sociocultural perspective, teacher identity is constructed in relation to others, including other teachers and students. Drawing on positioning theory and the concept of investment, this study analyzed the case of a secondary English teacher who negotiated his teacher identity in relation to English language learners (ELLs). Findings…

  16. Global risk, investment and emotions

    NARCIS (Netherlands)

    R. Bosman; F. van Winden

    2010-01-01

    We investigate a novel dynamic choice problem in an experiment where emotions are measured through self-reports. The choice problem concerns the investment of an amount of money in a safe option and a risky option when there is a ‘global risk’ of losing all earnings, from both options, including any

  17. Investment Moves Up and Out

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    Chinese companies look to make global names for themselves by eyeing overseas markets and expansions Establishing a long-term mechanism to expand consumption,as well as optimizing investment structures and quickening the pace for building a new growth pattern,were at the top of discussions at the Fifth Plenary

  18. Investment Moves Up and Out

    Institute of Scientific and Technical Information of China (English)

    HU YUE

    2010-01-01

    @@ Establishing a long-term mechanism to expand consumption, as well as optimizing investment structures and quickening the pace for building a new growth pattern, were at the top of discussions at the Fifth Plenary Session of the 17th Central Committee of the Communist Party of China held in Beijing from October 15-18.

  19. Investing in systematic factor premiums

    NARCIS (Netherlands)

    Koedijk, Kees G.; Slager, Alfred M. H.; Stork, P.A.

    2016-01-01

    In this paper we investigate and evaluate factor investing in the US and Europe for equities and bonds. We show that factor-based portfolios generally produce comparable or better portfolios than market indices. We expand the analysis to other asset classes and factors, work with other optimisation

  20. Delimitation of the investment project

    OpenAIRE

    Grosheva, N.; Solskaya, I.

    2009-01-01

    Project's scopes and works management is the important component of any investment plan. One of the ways of project's risks minimization involves more exact definition of those works which should be executed for the benefit of project completion and desirable cash flow obtainment.

  1. The Glocalization of Responsible Investment

    DEFF Research Database (Denmark)

    Gond, Jean-Pascal; Boxenbaum, Eva

    2013-01-01

    This study investigates the institutional work that underlies the diffusion of responsible investment (RI) and enhances its adaptation to local settings. Building on institutional theory and actor–network theory, we advance the concept of contextualization work to describe the institutional work ...

  2. Teacher Investment in Learner Identity

    Science.gov (United States)

    Reeves, Jenelle

    2009-01-01

    From a sociocultural perspective, teacher identity is constructed in relation to others, including other teachers and students. Drawing on positioning theory and the concept of investment, this study analyzed the case of a secondary English teacher who negotiated his teacher identity in relation to English language learners (ELLs). Findings…

  3. Investment Clubs Teach Financial Literacy

    Science.gov (United States)

    Cook, Sheri

    2007-01-01

    A study conducted by "Money" Magazine in August 2006 found that students are not as financially literate as they ought to be. Teachers are now being challenged to find alternative strategies to educate students in the ways of personal finance. One component of personal finance that is particularly challenging is investments. In this article, the…

  4. Responsible investing in South Africa

    NARCIS (Netherlands)

    Viviers, S.; Bosch, J.K.; Smit, vd M E.; Buijs, A.

    2009-01-01

    Given growing interest in the phenomenon of Responsible Investing (RI), both locally and internationally, the purpose of this paper is to provide an overview of the RI sector in South Africa. It focuses on the definition and characteristics of RI within the South African context; the size and nature

  5. Responsible investing in South Africa

    NARCIS (Netherlands)

    Viviers, S.; Bosch, J.K.; Smit, vd M E.; Buijs, A.

    2009-01-01

    Given growing interest in the phenomenon of Responsible Investing (RI), both locally and internationally, the purpose of this paper is to provide an overview of the RI sector in South Africa. It focuses on the definition and characteristics of RI within the South African context; the size and nature

  6. Wenzhou Pilots New Investment Channels

    Institute of Scientific and Technical Information of China (English)

    WANGPEI

    2004-01-01

    Wenzhou, a coastal city in East China's Zhejiang province, has recently drawn much public attention with the establishment of two high profile private financial consortiums. Lying behind these two investment groups is the city's total available private capital, which according to official figures sits at 26o billion yuan (US$31 billion),including 160 billion yuan (US$19 billion) of bank savings.

  7. Prospecting for Sustainable Investment Possibilities in Financial Markets

    Directory of Open Access Journals (Sweden)

    Aleksandras Vytautas Rutkauskas

    2009-06-01

    Full Text Available The main objective of the paper is to analyse the author's proposed model, which is adequate for stock prices and currency exchange rates markets stochasticity, as well as discuss its application to investor's possibilities research in those markets. The paper is grounded on the hypothesis of stratification of stock profitability ratios, traded on the market. In other words, the concept of stratification means concentration into certain groups in risk-profitability plane. If the hypothesis proved overall, then a constructive scheme for investor's possibilities research in exchange and capital markets would appear, as well as efficient investment strategies would develop.

  8. Financial assistance for investments in wind power in Germany. Business incentives provided by the Deutsche Ausgleichsbank

    Energy Technology Data Exchange (ETDEWEB)

    Koch, M. [Deutsche Ausgleichsbank, Bonn (Germany)

    1995-12-31

    Within a generous financial framework investments in wind energy power have rapidly increased in Germany since the late 1980`s. In addition to direct subsidies or incentive stipulated by statutory provisions the DtA has encouraged investments in wind energy projects by loans at preferential interest rates with tremendous success and it will continue to do so. At present especially new ways of supporting environmental investments are being seek which have a cross-border environmental impact. The goal is to provide financial assistance both to domestic and foreign companies willing to invest in transboundary projects which may be located in East European Countries

  9. INVESTMENT DEVELOPMENT PATH – CONCEPT AND TERMS

    Directory of Open Access Journals (Sweden)

    Ovidiu Serafim TRUFIN

    2015-04-01

    Full Text Available This article aims to analyze and explain the traditional model of Investment Development Path with new teoretical approaches. Investment Develoment Path is the latest theory about foreign direct investment and explains the relationship between a country’s development level and international investment position of a country. It has become a necessity in this research field of Romanian economy to establish a idiosyncratic model for evolution of inflows and outflows of Foreign Direct Investments after 1990. Also, persistent confusion between static and dynamic nature in using appropriate economic Romanian terms is removed. General theoretical approach is enhanced with new elements of schematic theorizing of Stages of Investment Development Path.

  10. Country Risk Importance on Investment Decision Making

    Directory of Open Access Journals (Sweden)

    Elena Mihaela ILIESCU

    2011-12-01

    Full Text Available Given the controversies, especially from the last period, in terms of credibility of the major international rating agencies, this article aims to assess the correlation between country risk ratings and the evolution of FDI flows in the receiving economies. In this regard, we chose to analyze the degree of these influences manifestation in Romania. The study, based on statistical information on the rating granted to Romania and the value of foreign direct investments during the period between 2000 and 2010, confirms the indirect natural connection of the two indicators. Thus, the results show that, when the rating falls in an immediate lower class, foreign direct investments are reduced by 1173.76 billion Euros, which represents 27.2% of the investments average mean made within the 11 analyzed years. Conversely, we can observe an influence of 0.05% of FDI on Romania's rating. The data obtained demonstrates the interdependence between the two indicators, however, a low correlation can be observed. The qualitative analysis performed, showed arguments that support the decrease in importance of rating, such as: reducing the credibility of rating agencies as a result of exposing the weak points from the methodologies applied, granting of incorrect ratings, the inability to foresee the financial crisis or increasing the transparency of governments which makes more and more information available to investors. This doesn’t mean that the role of country rating is denied. It remains an important decision making criterion in guiding the flows within the global economy space, but it is not sufficient and it is not indispensable.

  11. On Converting Secret Sharing Scheme to Visual Secret Sharing Scheme

    Directory of Open Access Journals (Sweden)

    Wang Daoshun

    2010-01-01

    Full Text Available Abstract Traditional Secret Sharing (SS schemes reconstruct secret exactly the same as the original one but involve complex computation. Visual Secret Sharing (VSS schemes decode the secret without computation, but each share is m times as big as the original and the quality of the reconstructed secret image is reduced. Probabilistic visual secret sharing (Prob.VSS schemes for a binary image use only one subpixel to share the secret image; however the probability of white pixels in a white area is higher than that in a black area in the reconstructed secret image. SS schemes, VSS schemes, and Prob. VSS schemes have various construction methods and advantages. This paper first presents an approach to convert (transform a -SS scheme to a -VSS scheme for greyscale images. The generation of the shadow images (shares is based on Boolean XOR operation. The secret image can be reconstructed directly by performing Boolean OR operation, as in most conventional VSS schemes. Its pixel expansion is significantly smaller than that of VSS schemes. The quality of the reconstructed images, measured by average contrast, is the same as VSS schemes. Then a novel matrix-concatenation approach is used to extend the greyscale -SS scheme to a more general case of greyscale -VSS scheme.

  12. Inconsistent Investment and Consumption Problems

    Energy Technology Data Exchange (ETDEWEB)

    Kronborg, Morten Tolver, E-mail: mtk@atp.dk [ATP (Danish Labour Market Supplementary Pension Scheme) (Denmark); Steffensen, Mogens, E-mail: mogens@math.ku.dk [University of Copenhagen, Department of Mathematical Sciences (Denmark)

    2015-06-15

    In a traditional Black–Scholes market we develop a verification theorem for a general class of investment and consumption problems where the standard dynamic programming principle does not hold. The theorem is an extension of the standard Hamilton–Jacobi–Bellman equation in the form of a system of non-linear differential equations. We derive the optimal investment and consumption strategy for a mean-variance investor without pre-commitment endowed with labor income. In the case of constant risk aversion it turns out that the optimal amount of money to invest in stocks is independent of wealth. The optimal consumption strategy is given as a deterministic bang-bang strategy. In order to have a more realistic model we allow the risk aversion to be time and state dependent. Of special interest is the case were the risk aversion is inversely proportional to present wealth plus the financial value of future labor income net of consumption. Using the verification theorem we give a detailed analysis of this problem. It turns out that the optimal amount of money to invest in stocks is given by a linear function of wealth plus the financial value of future labor income net of consumption. The optimal consumption strategy is again given as a deterministic bang-bang strategy. We also calculate, for a general time and state dependent risk aversion function, the optimal investment and consumption strategy for a mean-standard deviation investor without pre-commitment. In that case, it turns out that it is optimal to take no risk at all.

  13. Measuring Social Capital Investment: Scale Development and Examination of Links to Social Capital and Perceived Stress.

    Science.gov (United States)

    Chen, Xinguang; Wang, Peigang; Wegner, Rhiana; Gong, Jie; Fang, Xiaoyi; Kaljee, Linda

    2015-02-01

    Individuals with greater social capital have better health outcomes. Investment in social capital likely increases one's own social capital, bearing great implications for disease prevention and health promotion. In this study, the authors developed and validated the Social Capital Investment Inventory (SCII). Direct effects of social capital investment on perceived stress, and indirect effects through social capital were examined. 397 Participants from Beijing and Wuhan, China completed surveys. Analyses demonstrated that the SCII has a single factor structure and strong internal consistency. Structural equation modeling showed that individuals who invested more in social capital had greater bonding social capital, and subsequently less perceived stress. Results suggest that disease prevention and health promotion programs should consider approaches to encourage social capital investment; individuals may be able to reduce stress by increasing their investment in social capital. Future research is needed to provide additional empirical support for the SCII and observed structural relationships.

  14. Measuring Social Capital Investment: Scale Development and Examination of Links to Social Capital and Perceived Stress

    Science.gov (United States)

    Wegner, Rhiana; Gong, Jie; Fang, Xiaoyi; Kaljee, Linda

    2014-01-01

    Individuals with greater social capital have better health outcomes. Investment in social capital likely increases one’s own social capital, bearing great implications for disease prevention and health promotion. In this study, the authors developed and validated the Social Capital Investment Inventory (SCII). Direct effects of social capital investment on perceived stress, and indirect effects through social capital were examined. 397 Participants from Beijing and Wuhan, China completed surveys. Analyses demonstrated that the SCII has a single factor structure and strong internal consistency. Structural equation modeling showed that individuals who invested more in social capital had greater bonding social capital, and subsequently less perceived stress. Results suggest that disease prevention and health promotion programs should consider approaches to encourage social capital investment; individuals may be able to reduce stress by increasing their investment in social capital. Future research is needed to provide additional empirical support for the SCII and observed structural relationships. PMID:25648725

  15. Does Investment Treaty Affect the Improvement on FDI?

    OpenAIRE

    Eunsook Seo

    2008-01-01

    The paper analyzes how investment treaty affects investment creation. Analysis results show that investment treaty could not directly affect the increase in investment with the form of investment agreement contradicting and the opening of investment treaty countries have increased a great deal of investment. Contracting the investment agreement means to ultimately improve the investment environment such as policy transparency, simplification of administration, and the simplification or the cl...

  16. APPROACHES FOR EVALUATING AND FINANCING INVESTMENT PROJECTS

    Directory of Open Access Journals (Sweden)

    Maria-Loredana POPESCU

    2011-12-01

    Full Text Available This article presents the financial investment approach and the investment evaluation methods, which are criteria for assessing both investment projects and their funding sources. An important role in the analysis carried out is played by the investment decision and financing decision quality. Making an investment decision implies computing the related investment efficiency indicators. They allow the comparison of several variants of the same investment project as well as their comparison with other projects in the same industry or in other industries. The financing decision concerns the selection between their own sources (share capital, depreciation fund, profits, reserve funds, additional capital, revenues from investments, attracted sources (domestic resource mobilization and borrowed sources (credits.

  17. 12 CFR 615.5132 - Investment purposes.

    Science.gov (United States)

    2010-01-01

    ... POLICIES AND OPERATIONS, AND FUNDING OPERATIONS Investment Management § 615.5132 Investment purposes. Each... exceed 35 percent of its total outstanding loans, to comply with the liquidity reserve requirement of...

  18. Hospital Capital Investment During the Great Recession.

    Science.gov (United States)

    Choi, Sung

    2017-01-01

    Hospital capital investment is important for acquiring and maintaining technology and equipment needed to provide health care. Reduction in capital investment by a hospital has negative implications for patient outcomes. Most hospitals rely on debt and internal cash flow to fund capital investment. The great recession may have made it difficult for hospitals to borrow, thus reducing their capital investment. I investigated the impact of the great recession on capital investment made by California hospitals. Modeling how hospital capital investment may have been liquidity constrained during the recession is a novel contribution to the literature. I estimated the model with California Office of Statewide Health Planning and Development data and system generalized method of moments. Findings suggest that not-for-profit and public hospitals were liquidity constrained during the recession. Comparing the changes in hospital capital investment between 2006 and 2009 showed that hospitals used cash flow to increase capital investment by $2.45 million, other things equal.

  19. Chinese Investment into the UK Record High

    Institute of Scientific and Technical Information of China (English)

    Alice Yang

    2010-01-01

    @@ Foreign investment from China in the UK has maintained strong growth from 59 projects(2008-09)to a new record 74 projects in2009-2010 financial year according to UK Trade & Investment Annual Review.

  20. Investment analysis baking industry in Ukraine

    OpenAIRE

    Oleksandr S. Balan; Zoya A. Stepanjuk; Julia O. Dubenchuk

    2015-01-01

    The investment attractiveness of the baking industry in Ukraine is considered in the article. The factors that affect the investment attractiveness of the industry are considered. Dedicated key issues bakery products.

  1. APPROACHES FOR EVALUATING AND FINANCING INVESTMENT PROJECTS

    Directory of Open Access Journals (Sweden)

    MARIA-LOREDANA POPESCU

    2011-04-01

    Full Text Available This article presents the financial investment approach and the investment evaluation methods, which are criteria for assessing both investment projects and their funding sources. An important role in the analysis carried out is played by the investment decision and financing decision quality. Making an investment decision implies computing the related investment efficiency indicators. They allow the comparison of several variants of the same investment project as well as their comparison with other projects in the same industry or in other industries. The financing decision concerns the selection between their own sources (share capital, depreciation fund, profits, reserve funds, additional capital, revenues from investments, attracted sources (domestic resource mobilization and borrowed sources (credits.

  2. Investment banks in AIC – alternative loan

    Directory of Open Access Journals (Sweden)

    O.V. Lysenok

    2015-03-01

    Full Text Available Determining the status and problems of modern investment in agricultural enterprises, as well as ways to improve their financial security. The article deals with the essence of investments and their varieties. The dynamics of the securities portfolio of domestic banks and investments in agriculture. According to a study submitted proposals to increase investment banking businesses in the agricultural sector, which is necessary to create such conditions are not included in the calculation of the volume of investment regulations investment banking provided by agribusiness companies; availability of specialized banks, which will focus its resources on the development of agricultural enterprises; give banks the opportunity to issue special investment certificates, which received funds will be channeled exclusively on investing in the development of agricultural enterprises; for the above to create an appropriate legal framework.

  3. Agricultural policy schemes

    DEFF Research Database (Denmark)

    Hansen, Henning Otte

    2016-01-01

    and is financed by consumers, while deficiency payments operate in the so-called low price system and are financed by taxpayers. In the high price system, support is given mainly by means of import regulations, etc., which ensure a relatively high domestic price. In the low price system, support is given by means...... in agricultural policy and they have different functions and impacts. Market price support and deficiency payments are two very important instruments in agricultural policy; however, they belong to two different support regimes or support systems. Market price support operates in the so-called high price system...... of direct support, while market prices are left undistorted at, or close to, world market level. The two different support systems have very different implications for agricultural production, financing, markets, and other aspects; still, there is an income transfer to agriculture in both systems. During...

  4. FOREIGN DIRECT INVESTMENT AND TECHNOLOGICAL INNOVATION IN DEVELOPING COUNTRIES

    Directory of Open Access Journals (Sweden)

    Kamilia Loukil

    2016-09-01

    Full Text Available A large number of countries have enacted laws aimed at making it easier for firms to invest in their country, while many countries offer various monetary incentives and tax incentives to encourage inward Foreign Direct Investment (FDI. The desire to attract FDI is due not only to the fact that FDI brings in new investment boosting national income and employment, but also due to the expectation that inward FDI would also provide additional spillover benefits to the local economy that can result in higher productivity growth and increased export growth. This study aims to examine the impact of foreign direct investment on innovation in developing countries. The estimation of a panel threshold model on a sample of 54 developing countries for the 1980-2009 period shows the presence of non linear effects in the relationship between FDI and innovation. We find a threshold value of technological development below which FDI has a negative impact on innovation and above which FDI has a significant positive impact on innovation. We conclude that it is not enough for economic policy to attract foreign investments, it is still necessary to support domestic firms to build an absorptive capacity allowing them to enjoy the benefits of multinational firms.

  5. CA Investment Casting Process of Complex Castings

    Institute of Scientific and Technical Information of China (English)

    2002-01-01

    CA (Computer aided) investment casting technique used in superalloy castings of aerospace engine parts was presented. CA investment casting integrated computer application, RP (Rapid Prototyping) process, solidification simulation and investment casting process. It broke the bottle neck of making metal die. Solid model of complex parts were produced by UGII or other software, then translated into STL(Stereolithography) file, after RP process of SLS(Selective Laser Sintering), wax pattern used in investment ...

  6. Suitability of Microfinance as an Investment Option

    OpenAIRE

    Karel Janda; Barbora Svarovska

    2012-01-01

    This paper investigates investment performance of the most commercially developed microfinance investment funds and it also includes a discussion of major economic characteristics of microfinance investments. When we analyze the relation between microfinance funds' returns and the performance of stock and fixed income markets in developed and emerging economies we find a slightly negative correlation. We show that returns of microfinance investment funds exceed the returns on the market portf...

  7. ICT Investment and Productivity: A Provincial Perspective

    OpenAIRE

    Andrew Sharpe; Jean-François Arsenault

    2008-01-01

    In 2008, Statistics Canada, for the first time, made available estimates of information and communication technology (ICT) investment by province. Given the importance of ICT investment for productivity growth, these data are important for the comparative analysis and understanding of productivity growth by province. The objective of this report is to present the basic data on ICT investment and ICT investment per worker in Canada and the ten provinces over the 1981-2007 period. The first par...

  8. Financial investments in fuel cells and hydrogen projects in Brazil

    Energy Technology Data Exchange (ETDEWEB)

    Brito de Matos, Maiana; Neves, Newton Pimenta Jr.; Silva, Ennio Peres da; Silva Pinto, Cristiano [Universidade Estadual de Campinas (UNICAMP), SP (Brazil)

    2010-07-01

    This work aims to identify, classify and account for the investments in hydrogen and fuel cells from 1999 to 2007 made by the public and private sectors in Brazil. Two methodologies were applied to obtain the data for this study. The Top-Down methodology was used to obtain the information from the sponsoring agencies, institutions and funds that promote science and technology in Brazil, such as CNPq, FINEP, P and D ANEEL and Regional Foundations for Research Support. The Bottom-Up methodology consisted in obtaining data directly from the research groups granted by those agencies. After accounting the total Brazilian investment in the period, this was compared with the investments made by the other BRIC countries (Russia, India and China). Next, BRIC countries investment was compared with those made by the European Union, Japan and the United States. The results show that in order to participate in the market share related to equipment and services for the hydrogen economy, Brazil needs to increase the efforts in research, development and innovation in the area. It will be also necessary to apply resources in other important research issues besides ethanol reforming, polymer electrolyte and solid oxide fuel cells, which are the current technologies supported by the Brazilian funding agencies. To achieve this, resources that are already available could be used more efficiently. Another important evidence is that the total annual investment made BRIC countries together is of the same order of magnitude as the investments made separately by the European Union, Japan and the United States. (orig.)

  9. Water Grabbing and the Role of Power: Shifting Water Governance in the Light of Agricultural Foreign Direct Investment

    Directory of Open Access Journals (Sweden)

    Andrea Bues

    2012-06-01

    Full Text Available In recent years, the trend for foreign actors to secure land for agricultural production in low-income countries has increased substantially. The concurrent acquisition of water resources changes the institutional arrangement for water management in the investment areas. The consequences of 'land grabbing' on the local water governance systems have not so far been adequately examined. This paper presents an institutional analysis of a small-scale irrigation scheme in Ethiopia, where foreign and national horticultural farms started to use water from an irrigation canal that was formerly managed as a user-group common-pool resource by local smallholders. The study follows a qualitative case-study approach with semi-structured interviews as the main source of data. For the analysis we employed the Common-pool Resource Theory and the Distributional Theory of Institutional Change. We found that the former management regime changed in that most of the farmers’ water rights shifted to the investment farms. We found three key characteristics responsible for the different bargaining power of the two actor groups: dependency on natural resources, education and knowledge, and dependency on government support. We conclude that not only the struggle for land but also the directly linked struggle for water is led by diverging interests, which are determined by diverging power resources.

  10. Through Islamic Banks’ Zakat House (IBZH: Investment of Zakah Funds in Microfinance to Remove Poverty in Bangladesh: A New Model

    Directory of Open Access Journals (Sweden)

    Ahm Ershad UDDIN

    2016-04-01

    Full Text Available AbstractOne of Zakat’s main objectives is to help eliminate poverty and famine. And in Shari’ah, the obligation of zakat payment is elaborated which if not maintained holds severe consequences. Zakat has its unique features of supporting the poor in providing a collateral free financial stability. The main socioeconomic factors in all the developing Muslim countries are poverty, unemployment and economic inequality which results in not meeting the basic needs of the poor. In a country like Bangladesh consisting of Muslim Majority, although governmental and non-governmental institutions collect and distribute zakat yet the ultimate goal of zakat is not attained completely. At present, modern Islamic jurists reinforce the notion of microfinance investment through the collection and usage of zakat money. This paper consists of a static ground for the poverty removal creating a financial institution which is equally responsible as those present in Bangladesh but with a different route in eliminating poverty where schemes can be initiated along with opening opportunities of employment. Finally, it also surfaces the model in investment of zakat fund through IBZH with opinions of Islamic jurists. This Islamic Banks Zakah House (IBZH is an amalgamated forum of the present eight established private Islamic banks of Bangladesh  Keywords: Islamic Banks’ Zakat House (IBZH, Microfinance, Bangladesh.

  11. Cost Estimates and Investment Decisions

    Energy Technology Data Exchange (ETDEWEB)

    Emhjellen, Kjetil; Emhjellen Magne; Osmundsen, Petter

    2001-08-01

    When evaluating new investment projects, oil companies traditionally use the discounted cashflow method. This method requires expected cashflows in the numerator and a risk adjusted required rate of return in the denominator in order to calculate net present value. The capital expenditure (CAPEX) of a project is one of the major cashflows used to calculate net present value. Usually the CAPEX is given by a single cost figure, with some indication of its probability distribution. In the oil industry and many other industries, it is common practice to report a CAPEX that is the estimated 50/50 (median) CAPEX instead of the estimated expected (expected value) CAPEX. In this article we demonstrate how the practice of using a 50/50 (median) CAPEX, when the cost distributions are asymmetric, causes project valuation errors and therefore may lead to wrong investment decisions with acceptance of projects that have negative net present values. (author)

  12. Investment Dynamics with Natural Expectations*

    Science.gov (United States)

    Fuster, Andreas; Hebert, Benjamin; Laibson, David

    2012-01-01

    We study an investment model in which agents have the wrong beliefs about the dynamic properties of fundamentals. Specifically, we assume that agents underestimate the rate of mean reversion. The model exhibits the following six properties: (i) Beliefs are excessively optimistic in good times and excessively pessimistic in bad times. (ii) Asset prices are too volatile. (iii) Excess returns are negatively autocorrelated. (iv) High levels of corporate profits predict negative future excess returns. (v) Real economic activity is excessively volatile; the economy experiences amplified investment cycles. (vi) Corporate profits are positively autocorrelated in the short run and negatively autocorrelated in the medium run. The paper provides an illustrative model of animal spirits, amplified business cycles, and excess volatility. PMID:23243469

  13. 12 CFR 1.8 - Nonconforming investments.

    Science.gov (United States)

    2010-01-01

    ... exercise reasonable efforts to bring an investment that is nonconforming as a result of events described in... 12 Banks and Banking 1 2010-01-01 2010-01-01 false Nonconforming investments. 1.8 Section 1.8 Banks and Banking COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY INVESTMENT SECURITIES § 1.8...

  14. 31 CFR 537.311 - New investment.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false New investment. 537.311 Section 537....311 New investment. (a) The term new investment means any of the following activities if such activity is undertaken pursuant to an agreement, or pursuant to the exercise of rights under such an agreement...

  15. Quantitative investment strategies and portfolio management

    NARCIS (Netherlands)

    Guo, J.

    2012-01-01

    This book contains three essays on alternative investments and portfolio management. Taking from a portfolio investor’s perspective, the first essay analyzes the portfolio implication of investing in hedge funds when there is a hedge fund lockup period. The second essay studies the investment

  16. 12 CFR 615.5140 - Eligible investments.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Eligible investments. 615.5140 Section 615.5140 Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND FUNDING OPERATIONS Investment Management § 615.5140 Eligible investments....

  17. 12 CFR 615.5133 - Investment management.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Investment management. 615.5133 Section 615.5133 Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND FUNDING OPERATIONS Investment Management § 615.5133 Investment management....

  18. 77 FR 3847 - Major Capital Investment Projects

    Science.gov (United States)

    2012-01-25

    ... Capital Investment Projects; Proposed Rule #0;#0;Federal Register / Vol. 77 , No. 16 / Wednesday, January... Part 611 RIN 2132-AB02 Major Capital Investment Projects AGENCY: Federal Transit Administration (FTA... investments, such as improved water quality or reduced runoff, even though some of these project...

  19. 12 CFR 956.2 - Authorized investments.

    Science.gov (United States)

    2010-01-01

    ... Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK ASSETS AND OFF-BALANCE SHEET ITEMS FEDERAL HOME LOAN BANK INVESTMENTS § 956.2 Authorized investments. In addition to assets... part, in the Financial Management Policy and in part 980 of this chapter, each Bank may invest in:...

  20. 76 FR 43385 - Lending and Investment

    Science.gov (United States)

    2011-07-20

    ... Office of Thrift Supervision Lending and Investment AGENCY: Office of Thrift Supervision (OTS), Treasury... on the following information collection. Title of Proposal: Lending and Investment. OMB Number: 1550... investments for safety and soundness purposes are found at 12 CFR 560 and 562.1, 563.41, 563.170, and...

  1. 78 FR 72451 - Net Investment Income Tax

    Science.gov (United States)

    2013-12-02

    ... Revenue Service 26 CFR Part 1 RIN 1545-BL74 Net Investment Income Tax AGENCY: Internal Revenue Service...). These regulations provide guidance on the computation of net investment income. The regulations affect... lesser of: (A) The individual's net investment income for such taxable year, or (B) the excess (if...

  2. 75 FR 14633 - Veterans Workforce Investment Program

    Science.gov (United States)

    2010-03-26

    ...' Employment and Training Service Veterans Workforce Investment Program AGENCY: Veterans' Employment and...' Workforce Investment Program (VWIP) for Program Year (PY) 2010, as authorized under section 168 of the Workforce Investment Act (WIA) of 1998. This Solicitation for Grant Applications (SGA) notice contains...

  3. 31 CFR 586.312 - New investment.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false New investment. 586.312 Section 586.312 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) OFFICE OF...) KOSOVO SANCTIONS REGULATIONS General Definitions § 586.312 New investment. The term new investment...

  4. 77 FR 4885 - Rural Business Investment Program

    Science.gov (United States)

    2012-02-01

    ...-Cooperative Service Rural Utilities Service 7 CFR Part 4290 RIN 0570-AA80 Rural Business Investment Program... the Rural Business Investment Program (RBIP) regulation, including one to conform to the 2008 Farm Bill provision that allows a Rural Business Investment Company two years to raise its capital....

  5. 12 CFR 345.23 - Investment test.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 4 2010-01-01 2010-01-01 false Investment test. 345.23 Section 345.23 Banks... COMMUNITY REINVESTMENT Standards for Assessing Performance § 345.23 Investment test. (a) Scope of test. The investment test evaluates a bank's record of helping to meet the credit needs of its assessment...

  6. 31 CFR 560.207 - Prohibited investment.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false Prohibited investment. 560.207... § 560.207 Prohibited investment. Except as otherwise authorized pursuant to this part, and... investment by a United States person in Iran or in property (including entities) owned or controlled by...

  7. 76 FR 28504 - Lending and Investment

    Science.gov (United States)

    2011-05-17

    ... Office of Thrift Supervision Lending and Investment AGENCY: Office of Thrift Supervision (OTS), Treasury... collection. Title of Proposal: Lending and Investment. OMB Number: 1550-0078. Form Number: N/A. Description: Current OTS regulations for the documentation of loans and investments for safety and soundness...

  8. 12 CFR 25.23 - Investment test.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 1 2010-01-01 2010-01-01 false Investment test. 25.23 Section 25.23 Banks and... DEPOSIT PRODUCTION REGULATIONS Regulations Standards for Assessing Performance § 25.23 Investment test. (a) Scope of test. The investment test evaluates a bank's record of helping to meet the credit needs of...

  9. 31 CFR 560.316 - New investment.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false New investment. 560.316 Section 560.316 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) OFFICE OF... § 560.316 New investment. The term new investment means a transaction after 12:01 EDT, May 7, 1995,...

  10. CHINA'S INVESTMENT in 2010 H1

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    @@ Attractiong foreign investment In the first half of 2010,the number of the newly established foreign-invested enterprises was 12377,an increase of 18.8%; the actual use of foreign investment was US$51.43billion,up 19.6%.

  11. Chinese outward foreign direct investments to Europe

    NARCIS (Netherlands)

    Blomkvist, Katarina; Drogendijk, Rian

    2016-01-01

    This paper addresses Chinese outward foreign direct investments (OFDI) in Europe. We aim to provide more knowledge on the ongoing research discussion about Chinese OFDI, more specifically, we answer questions about what is driving Chinese firms to invest in Europe, and whether Chinese investment beh

  12. Principles for Managing a Tribe's Financial Investments.

    Science.gov (United States)

    Stevenson, Gelvin

    1996-01-01

    Argues that to manage a tribe's investment portfolio well requires knowledge of the tribe's needs as well as of the money management industry and its concepts and language. Discusses opportunities for the investment of tribal funds, examining mutual funds, the use of investment advisors and consultants, diversification, and levels of risk. (MAB)

  13. Investment factor of economic development in Uzbekistan

    Directory of Open Access Journals (Sweden)

    Ravshan Yuldashev

    2010-06-01

    Full Text Available Introducing anti-crisis program and maintenance of high investment activity in Uzbekistan were among core factors of tackling with global crisis pressure. However, the high investment dynamics bears a threat of economic “overheating” and decrease of investment process effectiveness. Then, it can be neutralized by use of principles and tools of comprehensive innovation management.

  14. 13 CFR 301.4 - Investment rates.

    Science.gov (United States)

    2010-01-01

    ... Project. (b) Maximum Investment Rate—(1) General rule. Except as otherwise provided by this paragraph (b) or paragraph (c) of this section, the maximum EDA Investment Rate for all Projects shall, after the... needs of the Region in which the Project is located, EDA will prioritize allocations of its Investment...

  15. Quantitative investment strategies and portfolio management

    NARCIS (Netherlands)

    Guo, J.

    2012-01-01

    This book contains three essays on alternative investments and portfolio management. Taking from a portfolio investor’s perspective, the first essay analyzes the portfolio implication of investing in hedge funds when there is a hedge fund lockup period. The second essay studies the investment prefer

  16. 12 CFR 228.23 - Investment test.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 3 2010-01-01 2010-01-01 false Investment test. 228.23 Section 228.23 Banks... COMMUNITY REINVESTMENT (REGULATION BB) Standards for Assessing Performance § 228.23 Investment test. (a) Scope of test. The investment test evaluates a bank's record of helping to meet the credit needs of...

  17. 78 FR 1991 - Major Capital Investment Projects

    Science.gov (United States)

    2013-01-09

    ... Capital Investment Projects; Notice of Availability of Proposed New Starts and Small Starts Policy... Part 611 RIN 2132-AB02 Major Capital Investment Projects AGENCY: Federal Transit Administration (FTA... implementation of the major capital investment program, primarily by giving the project justification criteria...

  18. [Susceptibility to strategy of the drug component of the IPHCC+RxGroups classification system in a risk-adjusted morbidity compensation scheme--a conceptional and data-supported analysis].

    Science.gov (United States)

    Behrend, C; Felder, S; Busse, R

    2007-01-01

    A report commissioned by the German Ministry of Health recommends to the existing scheme for calculating risk-adjusted transfers to sickness funds supplement with the IPHCC+RxGroups method. The method is based on inpatient diagnoses and prescribed drugs as health status measures deduced from prior use. The present study investigates the sickness fund's expected net return from gaming based on the drug component of the risk adjuster. The study explores three possible strategies using the RxGroups method. For the stimulations, insurees are assigned to additional indications or to higher valued RxGroups within the same indication. Then, costs and financial benefits attributable to the altered drug use are estimated and compared with the status quo. The study uses 2000 and 2001 sample data of more than 370,000 insurees of Germany's company-based sickness funds system (BKK). While upgrading increases overall costs, it can be beneficial for the individual sickness funds. Their net return crucially depends on the number of sickness funds gaming the system: the more participating in the game, the smaller is the average net return. Moreover, not participating often is even worse, which in turn points to a prisoner's dilemma. When extending the risk adjustment scheme in social health insurance, the German legislator should take into account the perverse incentives of risk adjusters such as the described prescription drug model.

  19. Intelligence Investment of Communist China,

    Science.gov (United States)

    1986-04-17

    INTELLIGENCE INVESTMENT OF COMMUNIST CHINA By: Wang Lingling English pages: 51 Source: Chinese Communist Affairs, Vol. 26, Nr. 4, 1983, pp. 35-45...Education Is a necessary channel for the transfer of science and technology to social productive force. Under the prerequisite that "Communist China has...poor understanding of education held by the leaders. The financial income of Communist China was about H)O-120 billion Chinese yuans, (Comment of

  20. A New Deferred Sentencing Scheme

    Directory of Open Access Journals (Sweden)

    N. K. Chakravarti

    1968-10-01

    Full Text Available A new deferred sentencing scheme resembling double sampling scheme has been suggested from viewpoint of operational and administrative. It is recommended particularly when the inspection is destructive. The O.C. curves of the scheme for two sample sizes of 5 and 10 have been given.