Analysis of the imbalance price scheme in the Spanish electricity market: A wind power test case

International Nuclear Information System (INIS)

Bueno-Lorenzo, Miriam; Moreno, M. Ángeles; Usaola, Julio

2013-01-01

This work investigates the interaction between wind power and electricity markets. The paper is focused on balancing markets pricing policies. The proposal of a new imbalance price scheme is included and conveniently evaluated. This proposed scheme tries to minimise the use of ancillary services to compensate for deviations in searching for a more efficient market design. The effectiveness of imbalance prices as market signals is also examined, and policy recommendations regarding imbalance services are discussed. Two test cases are included that analyse the participation of a wind power producer in the Spanish electricity market using a stochastic optimisation strategy. For this purpose, the uncertainty of the variables is considered, i.e., wind power production and prediction, intraday and imbalance prices. Test cases were run with real data for 10 months, and realistic results are presented along with a hypothetical test case. The regulation of the imbalance prices may not be adequate for the Spanish electricity market because an error drop is not sufficiently encouraged. Therefore, we suggest the application of a new imbalance price scheme, which includes an additional constraint. The conclusions of this paper can be assumed to be general policy recommendations

Evaluation of the Market introduction Energy Innovations (MEI) subsidy scheme; Evaluatie van de MEI-regeling

Energy Technology Data Exchange (ETDEWEB)

Wetzels, W.; Smekens, K.; Lako, P. [ECN Beleidsstudies, Petten (Netherlands); Warmenhoven, H. [De Gemeynt, Klarenbeek (Netherlands)

2012-11-15

This report contains the outcomes of an evaluation study of the Market introduction Energy Innovations (MEI) subsidy scheme. This scheme is targeted to the horticultural sector and aims to stimulate and accelerate the early market introduction of innovative energy systems in greenhouses. The subsidy scheme was initiated in 2007 and has provided subsidies twice a year since then. Based on project and data analysis, stakeholder interviews and a workshop, the evaluation concludes that the MEI scheme has made a positive contribution to the innovation process in the sector, but that the scheme could have been implemented more efficiently [Dutch] De regeling Marktintroductie energie-innovaties (MEI) is in 2007 ingesteld door het toenmalige Ministerie van Landbouw, Natuur en Voedselkwaliteit. Het doel van de MEI-regeling is het stimuleren en versnellen van de vroege marktintroductie van innovatieve energiesystemen in de glastuinbouw. ECN en De Gemeynt hebben een evaluatie uitgevoerd van de MEI-regeling. De centrale conclusie is dat de regeling een positieve bijdrage heeft geleverd aan het innovatieproces in de glastuinbouwsector.

Radioisotope measurement system; Sistema de medicion de radioisotopos

Energy Technology Data Exchange (ETDEWEB)

Villanueva Ruibal, Jose [Comision Nacional de Energia Atomica, Ezeiza (Argentina).Centro Atomico Ezeiza

2007-07-01

A radioisotope measurement system installed at L.M.R. (Ezeiza Atomic Center of CNEA) allows the measurement of nuclear activity from a wide range of radioisotopes. It permits to characterize a broad range of radioisotopes at several activity levels. The measurement hardware as well as the driving software have been developed and constructed at the Dept. of Instrumentation and Control. The work outlines the system's conformation and its operating concept, describes design characteristics, construction and the error treatment, comments assay results and supplies use advices. Measuring tests carried out employing different radionuclides confirmed the system performing satisfactorily and with friendly operation. (author) [Spanish] Un sistema de instrumentacion instalado en el L.M.R. (Centro Atomico Ezeiza de la CNEA) mide en amplio rango la actividad del decaimiento nuclear de radioisotopos. Permite caracterizar una amplia gama de radioistopos de variados niveles de actividad. Tanto el hardware de medicion como el software de operacion han sido desarrollados y construidos en el Dept. Instrumentacion y Control. El trabajo esboza la conformacion del sistema y su concepto de operacion, describe caracteristicas de disenio, construccion y del tratamiento del error, comenta resultados de ensayos y provee recomendaciones de uso. Pruebas de medicion realizadas empleando diversos nucleidos comprobaron que el sistema funciona en forma satisfactoria y su operacion es amigable. (autor)

European schemes for promoting renewables in liberalised markets

International Nuclear Information System (INIS)

Meyer, Niels I.

2003-01-01

The paper describes possibilities and problems for penetration of supply systems based on renewable energy sources in liberalised markets. The analysis is based on recent development in EU with different models for support of installations based on renewable energy. These include feed-in models with guaranteed minimum tariffs, tender models for different bands of technologies, and green certificates trading models with obligatory consumer quota. The paper describes the market situation in selected European countries, including Germany, the UK, Holland and Denmark. An EU directive from September 2001 has postponed the decision on a possible harmonisation of promotional models until at least 2005 in order to obtain more practical experience with the different support schemes. A critical evaluation is given in this paper of the different models with proposals for a balanced development between environmental and trading concerns. It is argued that too much emphasis is presently given to the side of free trade at the expense of long range planning for a sustainable energy development

Carbon price instead of support schemes: wind power investments by the electricity market

International Nuclear Information System (INIS)

Petitet, Marie; Finon, Dominique; Janssen, Tanguy

2014-10-01

In this paper we study the development of wind power by the electricity market without any usual support scheme which is aimed at subsidizing non mature renewables, with the sole incentive of a significant carbon price. Long term electricity market and investment decisions simulation by system dynamics modelling is used to trace the electricity generation mix evolution over a 20-year period in a pure thermal system. A range of stable carbon price, as a tax could be, is tested in order to determine the value above which wind power development by market forces becomes economically possible. Not only economic competitiveness in terms of cost price, but also profitability against traditional fossil fuel technologies are necessary for a market-driven development of wind power. Results stress that wind power is really profitable for investors only if the carbon price is very significantly higher than the price required for making wind power MWh's cost price competitive with CCGT and coal-fired plants on the simplistic basis of levelized costs. In this context, the market-driven development of wind power seems only possible if there is a strong commitment to climate policy, reflected by the preference for a stable and high carbon price rather than a fuzzy price of an emission trading scheme. Besides, results show that market-driven development of wind power would require a sky-rocketing carbon price if the initial technology mix includes a share of nuclear plants even with a moratorium on new nuclear development. (authors)

ESTUDIO DE CONCORDANCIA DE MEDICIONES RADIOLÓGICAS EN FRACTURAS SUPRACONDÍLEAS DE HÚMERO EN NIÑOS

Directory of Open Access Journals (Sweden)

Andrés Camilo Abril Aguilar

2008-10-01

Full Text Available Antecedente. En la valoración radiológica de las fracturas supracondíleas de codo en niños existen algunas mediciones utilizadas como el ángulo de Baumann, el ángulo de inclinación diafisario-condíleo, la línea humeral anterior y la valoración rotacional. No se dispone de evidencia acerca de la concordancia de estas mediciones y los parámetros para determinar un tratamiento o los resultados del mismo, bajo esos criterios. Objetivo. Determinar la concordancia de esas mediciones y su relación con el tratamiento de las fracturas supracondíleas de húmero en niños. Material y métodos. Diseño observacional, descriptivo, prospectivo de concordancia, de serie de casos de fracturas supracondíleas de húmero distal en niños. Se realizaron las mediciones pre y postoperatorias del ángulo de Baumman, ángulo humerocondilar, línea humeral anterior y porcentaje rotacional en la proyección lateral, por tres observadores para obtener la concordancia interobservador segunlos criterios de Landis y Koch para correlación interobservador e intraobservador. El análisis estadístico se obtuvo con la correlación con el valor Kappa en variables nominales y coeficiente de correlación de Pearson para variables continuas. Resultados. 27 niños con edad promedio de 5.7 años. La concordancia interobservador fue buena o excelente para todas las mediciones en la clasificación de Gartland, el tipo de fractura (extensión o flexión, en la medición del ángulo de Baumann pre y post tratamiento y en las evaluaciones de línea humeral anterior y porcentaje rotacional. Los valores fueron aceptables y pobres para las mediciones de la línea humeral anterior y porcentaje rotacional posterior al tratamiento y con mala correlación según los parámetros de Landis y Koch para los tratamientos elegidos y para la duración del mismo así como la aceptación de los resultados del tratamiento. Conclusión. Aunque la concordancia para las mediciones radiol

Local Economic Trading Schemes and their implications for marketing assumptions, concepts, and practices

NARCIS (Netherlands)

Crowther, D.; Greene, A-M.; Hosking, D.M.

2002-01-01

This paper focuses on the relationship between a particular social practice - local exchange trading systems or schemes (LETS) - and what we here call the "mainstream" marketing paradigm. It begins by discussing some of the key principles that are thought to set LETS apart from other, "more

Propuesta de medicion de la productividad en mineria de oro vetiforme y reconocimiento de estandares productivos sostenibles

OpenAIRE

Jiménez P., Indhira M.; Molina E., Jorge M.

2008-01-01

La productividad es un elemento representativo a la hora de medir la efectividad en minería extractiva. Este documento muestra una propuesta para la medición de la productividad en minería extractiva aplicada a depósitos de oro vetiforme principalmente, mediante una relación de costos, éstos son el costo real y costo referente. El costo real es hallado de acuerdo con mediciones tomadas en campo y el referente con base en las mismas mediciones, pero sujeto a ciertos ajustesque en la práctica s...

Evaluacion de Mediciones Fisicas y de Ultrasonido para Estimaciones del Peso de la Pechuga

Directory of Open Access Journals (Sweden)

Melo JE

2001-01-01

Full Text Available El objetivo del presente trabajo fue evaluar la utilización de distintas mediciones como predictores del peso de la pechuga. En la experiencia 1 se utilizaron 32 pollos Anak y 32 pollos Ross, muestreados al azar de dos lotes de 400 animales de cada genotipo. A los 53 dias de edad se realizó la faena y una disección de cortes comerciales. Se tomaron los siguientes pesos: peso vivo (PV, de la canal (PC y de la pechuga (Pch. Se calculó para el análisis la proporción de cada uno sobre el peso vivo (%PC y %Pch. También se midieron el largo y el ancho de la pechuga con calibre. Se observaron diferencias entre genotipos para PV, PC, %PC, Pch y %Pch (p <0,05. Los animales de la línea Ross resultaron más pesados que los Anak, así coma su carcasa, pechuga y proporciones resultaron mayores. La Pch se correlacionó alta y positivamente con el PV. Ninguna de las mediciones con calibre in vivo significó un aumento de consideración en la precisión de la predicción de Pch. En la experiencia 2 se utilizaron 60 pollos INTA-Camperos, muestreados al azar de un lote de 100 animales. A los 69 días de edad se realizaron mediciones in vivo del largo y ancho de la pechuga con calibre, y de la profundidad por ultrasonido previo a la faena, midiéndose los mismos parámetros que en la anterior experiencia. La correlación entre PV y la Pch fue alta y positiva, pero media a baja con las mediciones con calibre. Se obtuvo una buena predicción de Pch (R²=0,75 a partir del peso vivo, del largo y de la profundidad de pechuga. La eliminación de la medición ecográfica no redujo el ajuste del modelo de manera significativa (R²=0,725.

Expected impacts of the Cannabis Infringement Notice scheme in Western Australia on regular users and their involvement in the cannabis market.

Science.gov (United States)

Chanteloup, Francoise; Lenton, Simon; Fetherston, James; Barratt, Monica J

2005-07-01

The effect on the cannabis market is one area of interest in the evaluation of the new 'prohibition with civil penalties' scheme for minor cannabis offences in WA. One goal of the scheme is to reduce the proportion of cannabis consumed that is supplied by large-scale suppliers that may also supply other drugs. As part of the pre-change phase of the evaluation, 100 regular (at least weekly) cannabis users were given a qualitative and quantitative interview covering knowledge and attitudes towards cannabis law, personal cannabis use, market factors, experience with the justice system and impact of legislative change. Some 85% of those who commented identified the changes as having little impact on their cannabis use. Some 89% of the 70 who intended to cultivate cannabis once the CIN scheme was introduced suggested they would grow cannabis within the two non-hydroponic plant-limit eligible for an infringement notice under the new law. Only 15% believed an increase in self-supply would undermine the large scale suppliers of cannabis in the market and allow some cannabis users to distance themselves from its unsavoury aspects. Only 11% said they would enter, or re-enter, the cannabis market as sellers as a result of the scheme introduction. Most respondents who commented believed that the impact of the legislative changes on the cannabis market would be negligible. The extent to which this happens will be addressed in the post-change phase of this research. Part of the challenge in assessing the impact of the CIN scheme on the cannabis market is that it is distinctly heterogeneous.

Comparación del modelo Hata con mediciones de atenuación en la ciudad de México

Directory of Open Access Journals (Sweden)

Fabiola Martínez-Zúñiga

2012-01-01

Full Text Available Este trabajo presenta la comparación de la aplicación del modelo Hata, con mediciones hechas en la banda de 400 MHz en la ciudad de México, se pretende establecer una alternativa de aplicación para las viejas ciudades coloniales españolas de América Latina. El estudio pretende establecer una relación objetiva entre el modelo y mediciones hechas en una ciudad de edificios de paredes gruesas de piedra, con alturas superiores a 15 m y calles angostas, que contrasta estructuralmente con las ciudades japonesas, en donde se hicieron las mediciones del modelo, por parte de Okumura y Hata. Se incluyen también en el análisis, las zonas modernas de paredes ligeras y baja altura de una zona típicamente urbana y sin dejar a un lado las zonas rurales que rodean normalmente a las antiguas ciudades. Los resultados se presentan comparando la atenuación en ambos casos, en función de la distancia.

Comparison of nutrient profiling schemes for restricting the marketing of food and drink to children.

Science.gov (United States)

Brinsden, H; Lobstein, T

2013-08-01

The food and beverage industry have made voluntary pledges to reduce children's exposure to the marketing of energy-dense foods and beverages, and in 2012 announced the replacement of company-specific nutrient profiling schemes with uniform sets of criteria from 2013 (in the USA) and 2014 (in the European Union [EU]). To compare the proposed USA and EU nutrient profiling schemes and three government-led schemes, paying particular attention to the differences in sugar criteria. Food and beverage products permitted to be advertised in the USA under pre-2013 criteria were examined using five nutrient profiling schemes: the forthcoming USA and EU schemes and three government-approved schemes: the US Interagency Working Group (IWG) proposals, the United Kingdom Office of Communications (OfCom) regulations and the Danish Forum co-regulatory Code. Under the new USA and EU nutrient profiling schemes, 88 (49%) and 73 (41%) of a total of 178 products would be permitted to be advertised, respectively. The US IWG permitted 25 (14%) products; the Ofcom regulations permitted 65 (37%) and the Danish Code permitted 13 (7%). Government-led schemes are significantly more restrictive than industry-led schemes, primarily due to their tougher sugar criteria. The Danish Forum (93%) and USA IWG scheme (86%) are the most restrictive of the five examined. Further harmonization of nutrient profiling schemes is needed to reduce children's exposure to the promotion of energy-dense foods. © 2013 The Authors. Pediatric Obesity © 2013 International Association for the Study of Obesity.

Korea's emission trading scheme and policy design issues to achieve market-efficiency and abatement targets

International Nuclear Information System (INIS)

Park, Hojeong; Hong, Won Kyung

2014-01-01

In 2008, the government of Republic of Korea (Korea) announced the national abatement target aiming at 30% reductions from the Business-as-Usual projections by 2020. Accordingly, the Emission Trading Scheme (ETS) will be implemented from 2015 onwards. As ETS performance substantially depends on the structural design, it is critically important to examine the details of Korean ETS for the achievement of cost effectiveness and concurrent development of an active emission trading market. This paper addresses several policy design issues for this purpose. After providing an overview on the current framework of Korean ETS, we propose ways to achieve flexibility, consistency and market efficiency of the program in consideration of the preexisting policies. Issues in policy design are discussed by focusing on allowance allocation, market stabilization measures and price mechanism in the emission and energy markets in Korea. This paper will serve as a practical guideline for establishing sustainable and market-efficient Korean ETS that can be compatible with the international standards as in the EU ETS. - Highlights: • Emission Trading Scheme (ETS) will be implemented from 2015 in Korea to reduce CO 2 . • ETS performance substantially depends on structural design. • We provide policy overview on the current framework of Korean ETS. • Several policy design issues are discussed for developing policy consistency. • We focus on allowance allocation, allowance reserve and market stabilization measures

Coordinated renewable energy support schemes

DEFF Research Database (Denmark)

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

2006-01-01

. The first example covers countries with regional power markets that also regionalise their support schemes, the second countries with separate national power markets that regionalise their support schemes. The main findings indicate that the almost ideal situation exists if the region prior to regionalising...

Farmgate Private Standards and Price Premium: Evidence From the GlobalGAP Scheme in Kenya's French Beans Marketing

OpenAIRE

Kariuki, Isaac Maina; Loy, Jens-Peter; Herzfeld, Thomas

2012-01-01

The proliferation of private quality and assurance schemes in international trade is defining market access in high value chains. The prime concern for small-scale producers is whether price premiums are realizable due to compliance. Using French beans marketing, the authors find that GlobalGAP certification, produce traceability, number of suppliers, competition for supplies, direct procurement, a good road network, and supply contracts have positive farmgate price effects for smallholders. ...

Internalizing carbon costs in electricity markets: Using certificates in a load-based emissions trading scheme

International Nuclear Information System (INIS)

Gillenwater, Michael; Breidenich, Clare

2009-01-01

Several western states have considered developing a regulatory approach to reduce greenhouse gas (GHG) emissions from the electric power industry, referred to as a load-based (LB) cap-and-trade scheme. A LB approach differs from the traditional source-based (SB) cap-and-trade approach in that the emission reduction obligation is placed upon Load Serving Entities (LSEs), rather than electric generators. The LB approach can potentially reduce the problem of emissions leakage, relative to a SB system. For any of these proposed LB schemes to be effective, they must be compatible with modern, and increasingly competitive, wholesale electricity markets. LSE's are unlikely to know the emissions associated with their power purchases. Therefore, a key challenge for a LB scheme is how to assign emissions to each LSE. This paper discusses the problems with one model for assigning emissions under a LB scheme and proposes an alternative, using unbundled Generation Emission Attribute Certificates. By providing a mechanism to internalize an emissions price signal at the generator dispatch level, the tradable certificate model addresses both these problems and provides incentives identical to a SB scheme

Measurement of electrical energy and typification of end uses in the domestic sector; Medicion de energia electrica y tipificacion de usos finales en el sector domestico

Energy Technology Data Exchange (ETDEWEB)

Garcia Juarez, Francisco; Maqueda Zamora, Martin Roberto [Instituto de Investigaciones Electricas, Cuernavaca, Morelos (Mexico)

2003-07-01

In this work the advantages in using modern measuring equipment that allows the segregation of load curves of the domestic users using a single measuring equipment are presented, some samples of the measurements that have been obtained during measurements made to diverse domestic users are presented. Also, some other complementary technologies of recent development are mentioned that help in the application of power efficiency measures in the diverse sectors, the use of these equipment serves as a support for measuring the effectiveness of the programs of of energy saving and of the demand management that are desired to implement. The objective of this article is to demonstrate the use of the modern measuring equipment for the typification and measurement of the end uses in the domestic sector, and to present the advantages of using these equipment in the power efficiency studies. [Spanish] En este trabajo se exponen las ventajas de usar equipos de medicion modernos que permiten la desagregacion de curvas de carga de los usuarios domesticos utilizando un solo equipo de medicion, se presentan algunas muestras de las mediciones que se han obtenido durante mediciones realizadas a diversos usuarios domesticos. Tambien, se mencionan algunas otras tecnologias complementarias de reciente desarrollo que ayudan en la aplicacion de medidas de eficiencia energetica en los diversos sectores, el uso de estos equipos sirve de soporte para medir la efectividad de los programas de ahorro de energia y de administracion de la demanda que se desean implementar. El objetivo de este articulo es demostrar el uso de los equipos de medicion modernos para la tipificacion y medicion de usos finales en el sector domestico, y presentar las ventajas de usar estos equipos en los estudios de eficiencia energetica.

[Expert consensus post-marketing evaluation scheme to detect immunotoxicity of Chinese medicine in clinical populations (draft version for comments)].

Science.gov (United States)

Xie, Yan-Ming; Zhao, Yu-Bin; Jiang, Jun-Jie; Chang, Yan-Peng; Zhang, Wen; Shen, Hao; Lu, Peng-Fei

2013-09-01

Through consensus, establish a post-marketing scheme and the technical processes to evaluate Chinese medicine's immunotoxicity on a population, as well as its beneficial influences on the immune system. Provide regulations on the collection, storage and transportation of serum samples. This article applies to the post-marketing scientific evaluation of the immunotoxicity of parenterally administered, and for other ways of taking Chinese medicine.

The european union emission trading scheme and energy markets: economic and financial analysis

International Nuclear Information System (INIS)

Bertrand, Vincent

2012-01-01

This thesis investigates relationships between the European Union Emission Trading Scheme (EU ETS) and energy markets. A special focus is given to fuel switching, the main short term abatement measure within the EU ETS. This consists in substituting Combined Cycle Gas Turbines (CCGTs) for hard-coal plants in off-peak power generation. Thereby coal plants run for shorter periods, which allows power producers to reduce their CO 2 emissions. In Chapter 1, we outline different approaches explaining relationships between carbon and energy markets. We also review the literature relating to these issues. Next, we further describe the fuel switching process and, in particular, we analyze the influence of energy and environmental efficiency of thermal power plants (coal and gas) on fuel switching. In Chapter 2, we provide a theoretical analysis that shows how differences in the efficiency of CCGTs can rule interactions between gas and carbon prices. The main result shows that the allowance price becomes more sensitive to the gas price when the level of CO 2 emissions increases. In Chapter 3, we examine interactions between carbon, coal, gas and electricity prices in an empirical study. Among the main results, we find that there is a significant link between carbon and gas prices in the long-run equilibrium. In Chapter 4, we analyze the cross-market price discovery process between gas and CO 2 markets. We identified in previous chapters that there is a robust significant link between gas and CO 2 markets. They are linked commodities, and their prices are affected by the same information. In an empirical analysis, we find that the carbon market is the leader in cross-market price discovery process. (author)

A New Battery Energy Storage Charging/Discharging Scheme for Wind Power Producers in Real-Time Markets

Directory of Open Access Journals (Sweden)

Minh Y Nguyen

2012-12-01

Full Text Available Under a deregulated environment, wind power producers are subject to many regulation costs due to the intermittence of natural resources and the accuracy limits of existing prediction tools. This paper addresses the operation (charging/discharging problem of battery energy storage installed in a wind generation system in order to improve the value of wind power in the real-time market. Depending on the prediction of market prices and the probabilistic information of wind generation, wind power producers can schedule the battery energy storage for the next day in order to maximize the profit. In addition, by taking into account the expenses of using batteries, the proposed charging/discharging scheme is able to avoid the detrimental operation of battery energy storage which can lead to a significant reduction of battery lifetime, i.e., uneconomical operation. The problem is formulated in a dynamic programming framework and solved by a dynamic programming backward algorithm. The proposed scheme is then applied to the study cases, and the results of simulation show its effectiveness.

Markets for energy efficiency: Exploring the implications of an EU-wide 'Tradable White Certificate' scheme

International Nuclear Information System (INIS)

Mundaca, Luis

2008-01-01

Recent developments in European energy policy reveal an increasing interest in implementing the so-called 'Tradable White Certificate' (TWC) schemes to improve energy efficiency. Based on three evaluation criteria (cost-effectiveness, environmental effectiveness and distributional equity) this paper analyses the implications of implementing a European-wide TWC scheme targeting the household and commercial sectors. Using a bottom-up model, quantitative results show significant cost-effective potentials for improvements (ca. 1400 TWh in cumulative energy savings by 2020), with the household sector, gas and space heating representing most of the TWC supply in terms of eligible sector, fuel and energy service demand, respectively. If a single market price of negative externalities is considered, a societal cost-effective potential of energy savings above 30% (compared to the baseline) is observed. In environmental terms, the resulting greenhouse gas emission reductions are around 200 Mt CO 2-eq by 2010, representing nearly 60% of the EU-Kyoto-target. From the qualitative perspective, several embedded ancillary benefits are identified (e.g. employment generation, improved comfort level, reduced 'fuel poverty', security of energy supply). Whereas an EU-wide TWC increases liquidity and reduces the risks of market power, autarky compliance strategies may be expected in order to capture co-benefits nationally. Cross subsidies could occur due to investment recovery mechanisms and there is a risk that effects may be regressive for low-income households. Assumptions undertaken by the modelling approach strongly indicate that high effectiveness of other policy instruments is needed for an EU-wide TWC scheme to be cost-effective

The history of ecosystem services in economic theory and practice: From early notions to markets and payment schemes

NARCIS (Netherlands)

Gómez-Baggethun, E.; Groot, de R.S.; Lomas, P.; Sotelo Montes, C.

2010-01-01

This paper reviews the historic development of the conceptualization of ecosystem services and examines critical landmarks in economic theory and practice with regard to the incorporation of ecosystem services into markets and payment schemes. The review presented here suggests that the trend

Bonus schemes and trading activity

NARCIS (Netherlands)

Pikulina, E.S.; Renneboog, L.D.R.; ter Horst, J.R.; Tobler, P.N.

2014-01-01

Little is known about how different bonus schemes affect traders' propensity to trade and which bonus schemes improve traders' performance. We study the effects of linear versus threshold bonus schemes on traders' behavior. Traders buy and sell shares in an experimental stock market on the basis of

Multi level marketing

OpenAIRE

Sedlák, Pavel

2008-01-01

Bachelor's thesis on "Multilevel marketing" focuses on characterization of multilevel marketing, pyramid schemes and their comparison. The work is divided into three chapters. The first part is devoted to the theme of multilevel marketing and principles of its operation. The main positives and negatives of this system are marked out. The second chapter describes pyramid schemes, their functioning, unsustainability and illegality. It is also devoted to Ponzi scheme. In the last chapter the cha...

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.

Appraisal of the adequacy of the application of customer-driven marketing strategies to the Nigeria National Housing Fund scheme

Directory of Open Access Journals (Sweden)

Chuka Uzoma Ifediora

2015-07-01

Full Text Available This study appraised the adequacy of the application of customer-driven marketing strategies to the Nigeria National Housing Fund (NHF scheme. The study objective was to assess the adequacy of the application of market segmentation, targeting, differentiation and positioning by the NHF implementers. The study adopted descriptive and exploratory research designs. Various offices of the Federal Mortgage Bank of Nigeria (the implementers of the NHF scheme in Abuja, Lagos, PortHarcourt, Ibadan and Enugu, as well as the 19 state/ district offices in these zones were studied. The study population comprised 201 management staff and officers in these offices. A census was carried out, considering the size of the population and the nature of the investigation. Structured questionnaire was used to collect data for this study. Analysis of variance (ANOVA was used to test the formulated hypothesis at 5% level of significance. The hypothesis test revealed that the application of market segmentation, targeting, differentiation and positioning by the NHF implementers is not adequate (Fcal = 95.239, p = 0.000 < 0.05. Following the finding, it is concluded that there is a low level of application of customer-driven marketing strategies in the National Housing Fund (NHF implementation. In line with the finding and conclusion of this study, it is recommended that the adoption and application of the customer-driven marketing strategies model for housing development programmes will aid the successful implementation of housing development programmes, thus leading to a substantial reduction in housing deficit level.

Type monotonic allocation schemes for multi-glove games

OpenAIRE

Brânzei, R.; Solymosi, T.; Tijs, S.H.

2007-01-01

Multiglove markets and corresponding games are considered.For this class of games we introduce the notion of type monotonic allocation scheme.Allocation rules for multiglove markets based on weight systems are introduced and characterized.These allocation rules generate type monotonic allocation schemes for multiglove games and are also helpful in proving that each core element of the corresponding game is extendable to a type monotonic allocation scheme.The T-value turns out to generate a ty...

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......At present, there exists no explicit European policy framework on distributed generation. Various Directives encompass distributed generation; inherently, their implementation is to the discretion of the Member States. The latter have adopted different kinds of support schemes, ranging from feed....... 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...

Incertidumbres en Mediciones de Caudal con Perfiladores de Corriente Acústicos Doppler desde Plataformas Móviles

OpenAIRE

Tarrab, Leticia

2014-01-01

Tesis (DCI)--FCEFN-UNC, 2013 Determina la incertidumbre en las mediciones de caudal con Perfiladores de Corriente Acústicos Doppler (ADCP) desde plataformas móviles a los fines de optimizar las técnicas de medición y elaborar recomendaciones para minimizar los errores (sesgo e incertidumbre aleatoria) en el uso de las técnicas de medición de caudales.

Mediciones de masculinidad y feminidad en docentes de educación física

OpenAIRE

García-Villanueva, J.; Moreno-García, D.; Hernández-Ramírez, C. I.; Gamba- Mondragón, L. A.

2017-01-01

Esta investigación tuvo por objetivo analizar las mediciones de masculinidad, feminidad, machismo y sumisión, características asociadas a la personalidad, de un grupo de docentes de Educación Física. Participaron en el estudio 53 docentes de nivel básico que laboran en un programa implementado por una institución gubernamental en la Ciudad de México. El muestreo fue de tipo no probabilístico. Se empleó como instrumento el Inventario de Masculinidad y Feminidad (IMAFE), instr...

Classifying Returns as Extreme: European Stock and Bond Markets

DEFF Research Database (Denmark)

Christiansen, Charlotte

whereby a shorter sample period is needed. For the bond markets the simultaneous extreme return variable (used for analyzing integration and contagion of financial markets) is not statistically different for the two schemes. For the stock markets there are differences, but they are disappearing......I consider the stock and bond markets of 14 EU countries. I use two classification schemes for defining extreme returns: One, the existing univariate classification scheme which considers each market separately. Two, the new multivariate classification scheme that considers all the markets jointly...

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...

Co-ordination of renewable energy support schemes in the EU

Energy Technology Data Exchange (ETDEWEB)

Grenaa Jensen, S.; Morthorst, P.E. [Risoe National Lab., Roskilde (Denmark)

2007-05-15

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., price of power, conditions for conventional power producers, and changes in import and export of power. The results are based on a deterministic partial equilibrium model, where two cases are studied. The first case covers countries with regional power markets that also regionalise their tradable green certificate (TGC) support schemes. The second, countries with separate national power markets that regionalise their TGC-support schemes. The main findings indicate that the almost ideal situation exists if the region prior to regionalising their RES-E support scheme already has a common liberalised power market. In this case, introduction of a common TGC-support scheme for renewable technologies will lead to more efficient sitings of renewable plants, improving economic and environmental performance of the total power system. But if no such common power market exits, regionalising their TGC-schemes might, due to interactions, introduce distortions in the conventional power system. Thus, contrary to intentions, we might in this case end up in a system that is far from optimal with regard to efficiency and emissions. (au)

Co-ordination of renewable energy support schemes in the EU

International Nuclear Information System (INIS)

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

2007-01-01

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., price of power, conditions for conventional power producers, and changes in import and export of power. The results are based on a deterministic partial equilibrium model, where two cases are studied. The first case covers countries with regional power markets that also regionalise their tradable green certificate (TGC) support schemes. The second, countries with separate national power markets that regionalise their TGC-support schemes. The main findings indicate that the almost ideal situation exists if the region prior to regionalising their RES-E support scheme already has a common liberalised power market. In this case, introduction of a common TGC-support scheme for renewable technologies will lead to more efficient sitings of renewable plants, improving economic and environmental performance of the total power system. But if no such common power market exits, regionalising their TGC-schemes might, due to interactions, introduce distortions in the conventional power system. Thus, contrary to intentions, we might in this case end up in a system that is far from optimal with regard to efficiency and emissions. (au)

Multi-Level Marketing - a Tool of Relationship Marketing

Directory of Open Access Journals (Sweden)

Constantin C.

2009-12-01

Full Text Available This paper aims to analyse the opportunity of using multi-level marketing (MLM as a tool of relationship marketing. The research is firstly based on an analysis regarding the issues about the legality of MLM techniques in the context of EU and US regulation systems. The outcomes of this research stress the main characteristics of legal network marketing and how a person which wants to become independent distributor could avoid the cooperation with an illegal pyramid scheme. The second research is based on a case study at the level of an insurance broker, which emphasizes the benefits that all parties involved in a transaction (broker, distributor and customer could obtain by using an MLM scheme.

Cuantificación del Error en las Mediciones Debido a la Frecuencia de Muestreo

OpenAIRE

Sánchez F., Luis Pastor; Díaz de León, Juan Luis; Yáñez M., Cornelio; Herrera Charles, Roberto

2004-01-01

En los sistemas de medición digital es relevante la frecuencia de muestreo por su influencia en la exactitud de las mediciones. Su efecto es determinante cuando resulta necesario obtener los valores pico de la señal. Los métodos para mejorar la calidad del registro de datos adquiridos están relacionados con la operación del sistema en tiempo real o si es admitido realizar una toma de muestras y luego realizar su procesamiento. En el artículo se obtiene la relación entre la frecuencia de muest...

Interactions of a tradable green certificate market with a tradable permits market

DEFF Research Database (Denmark)

Morthorst, Poul Erik

2001-01-01

certificate market to promote the development of renewables. If these two instruments are brought into play at the same time, two separate markets with two individual targets will co-exist in a number of countries. With a focus on the green certificate market, this paper discusses how these two markets may...... to achieve this emission reduction. More policy instruments are on hand to pursue this objective. Frequently discussed currently is the establishing of a market for tradable permits for CO2-emissions to achieve emission reductions in the power industry. In parallel with this is the introduction of a green...... interact with each other in international trade. Three different cases are analysed: (1) A green certificate market without any tradable permits scheme, (2) a green certificate market in combination with a tradable permits scheme, based on grandfathering and, finally, (3) a green certificate market...

Cyclonic multiphase flow measurement system GLCC{copyright}1 for oil well capacity evaluation; Sistema de medicion de flujo multifasico mediante tecnologia ciclonica GLCC{copyright}1 para aforo de pozos petroleros

Energy Technology Data Exchange (ETDEWEB)

Godoy-Alcantar, J. M; Cervantes-Martinez, G; Cruz-Maya, J. A; Hernandez-Buenfil, M. A; Ramirez-Antonio, I [Instituto Mexicano del Petroleo, Mexico, D.F, (Mexico)]. E-mail: mgodoy@imp.mx

2008-10-15

This paper shows the development of a portable multiphase flow measurement system based in cyclonic separation technology GLCC{copyright}1. This system is aimed for oil well measurement and was developed in three phases; the first devoted to the geometric design of a cyclonic separator by means of designs sofware GLCCV7.8 and the selection of measurement instrumentation and flux control valves. In the second phase, the automatic control system was designed for the implementation of four control strategies each one related with a possible scenario of the well behavior. The third constitutes the integration of the measurement and control devices through a user interface aimed for visualization, information processing and system's operation and control. Experimental results in oil well measurements show the efficiency and workability of the integrated system. [Spanish] En el presente trabajo se muestra el desarrollo de un sistema portatil para la medicion de flujo multifasico, basado en la tecnologia de separacion ciclonica GLCC{copyright}1 y su utilizacion el aforo de pozos petroleros. El desarrollo del sistema se compone de tres fases, la primera se orienta hacia el diseno geometrico de un separador tipo ciclonico por medio del simulador GLCCV 7.8, asi como el dimensionamiento y la seleccion de los instrumentos de medicion y valvulas de control de flujo. En la segunda fase, se lleva a cabo la etapa de diseno del control automatico del sistema, el cual se fundamenta en el desarrollo e implantacion de cuatro estrategias de control basadas en el comportamiento dinamico de las variables de produccion del pozo; la tercera fase, la constituye el desarrollo de una interfaz para la integracion y operacion conjunta de los componentes de medicion y control del sistema, asi como de visualizacion, procesamiento y almacenamiento de la informacion. Se muestran los resultados experimentales de una prueba de medicion realizada en campo, las mediciones obtenidas muestran la

How to make the domestic market profitable

International Nuclear Information System (INIS)

Sharifov, V.

1996-01-01

Analysis of the scheme of petroleum product realization at the domestic market of the Russian Federation is presented. The scheme is being realized now in the framework of Lukoil petroleum company and its regional department in down the Volga region in particular. Work of this department in the field of marketing, market analysis and development of regional strategies of expansion of petroleum product commodity markets is described

Measurement and control techniques for electric equipment development; Tecnicas de medicion y control para el desarrollo de equipos electricos

Energy Technology Data Exchange (ETDEWEB)

Ruiz Neblina, Joaquin [Instituto de Investigaciones Electricas, Cuernavaca (Mexico)

1988-12-31

In broad outlines the measuring and control techniques that are used in the electric equipment development in the short circuit laboratories, are described. In this article the utilization criteria of the traditional and modern (analogical and digital) instruments are described as well as the tendency towards the system`s integration for the automation of the measurement and control processes. Also, mention is made of the systems currently being developed at the Instituto de Investigaciones Electricas (IIE) to be applied at the Short Circuit Laboratories of Comision Federal de Electricidad (CFE) and of the IIE. [Espanol] Se describen a grandes rasgos las tecnicas de medicion y control que se emplean para el desarrollo de equipos electricos en los laboratorios de corto circuito. En este articulo se describen los criterios de utilizacion de los instrumentos tradicionales y modernos (analogicos y digitales), asi como la tendencia hacia la integracion de sistemas para la automatizacion de los procesos de medicion y control. Tambien se mencionan los sistemas que actualmente se desarrollan en el Instituto de Investigaciones Electricas (IIE) para aplicarlos en los Laboratorios de Corto Circuito de la Comision Federal de Electricidad (CFE) y del Instituto.

Measurement and control techniques for electric equipment development; Tecnicas de medicion y control para el desarrollo de equipos electricos

Energy Technology Data Exchange (ETDEWEB)

Ruiz Neblina, Joaquin [Instituto de Investigaciones Electricas, Cuernavaca (Mexico)

1987-12-31

In broad outlines the measuring and control techniques that are used in the electric equipment development in the short circuit laboratories, are described. In this article the utilization criteria of the traditional and modern (analogical and digital) instruments are described as well as the tendency towards the system`s integration for the automation of the measurement and control processes. Also, mention is made of the systems currently being developed at the Instituto de Investigaciones Electricas (IIE) to be applied at the Short Circuit Laboratories of Comision Federal de Electricidad (CFE) and of the IIE. [Espanol] Se describen a grandes rasgos las tecnicas de medicion y control que se emplean para el desarrollo de equipos electricos en los laboratorios de corto circuito. En este articulo se describen los criterios de utilizacion de los instrumentos tradicionales y modernos (analogicos y digitales), asi como la tendencia hacia la integracion de sistemas para la automatizacion de los procesos de medicion y control. Tambien se mencionan los sistemas que actualmente se desarrollan en el Instituto de Investigaciones Electricas (IIE) para aplicarlos en los Laboratorios de Corto Circuito de la Comision Federal de Electricidad (CFE) y del Instituto.

Promoting the market and system integration of renewable energies through premium schemes—A case study of the German market premium

International Nuclear Information System (INIS)

Gawel, Erik; Purkus, Alexandra

2013-01-01

With the share of renewable energies within the electricity sector rising, improving their market and system integration is of increasing importance. By offering plant operators a premium on top of the electricity market price, premium schemes represent an option to increase the alignment of renewable electricity production with market signals, and have been implemented by several EU member states. This paper examines the case study of the German market premium scheme adopted in 2012. Building on an evaluation of early experiences, we discuss whether the market premium contributes to the aims of market and/or system integration (effectiveness), and what potential efficiency gains and additional costs of “administering integration” are associated with it (efficiency). While exposing renewables to price risks is not the scheme’s purpose, it has successfully increased participation in direct marketing. However, risks of overcompensating producers for marketing and balancing costs are high, and the benefits of gradually leading plant operators towards the market are questionable. Incentives for demand-oriented production are established, but they seem insufficient particularly in the case of intermittent renewable energy sources. To conclude, we provide an outlook on alternative designs of premium schemes, and discuss whether they seem better suited for addressing the challenges ahead. - Highlights: • Premium schemes are used to align renewable energy sources (RES) with market signals. • We examine the effectiveness and efficiency of the German market premium scheme. • Participation in direct marketing has increased, but so have support costs. • For intermittent RES, incentives for demand-oriented production are insufficient. • Efficiency gains from exposing RES to market risks entail several trade-offs

Liquid markets and market liquids . Collective and single-asset dynamics in financial markets

Science.gov (United States)

Cuniberti, G.; Matassini, L.

2001-04-01

We characterize the collective phenomena of a liquid market. By interpreting the behavior of a no-arbitrage N asset market in terms of a particle system scenario, (thermo)dynamical-like properties can be extracted from the asset kinetics. In this scheme the mechanisms of the particle interaction can be widely investigated. We test the verisimilitude of our construction on two-decade stock market daily data (DAX30) and show the result obtained for the interaction potential among asset pairs.

Flow measurement in a 170-MW hydraulic turbine using the Gibson method; Medicion del flujo de una turbina hidraulica de 170 MW utilizando el metodo Gibson

Energy Technology Data Exchange (ETDEWEB)

Urquiza, Gustavo [Universidad Autonoma del Estado de Morelos (Mexico); Adamkowski, Adam [The Szewalski Institute of Fluid-Flow Machinery (Poland); Kubiak, Janusz; Sierra, Fernando [Universidad Autonoma del Estado de Morelos (Mexico); Janicki, Waldemar [The Szewalski Institute of Fluid-Flow Machinery (Poland); Fernandez, J. Manuel [Comision Federal de Electricidad (Mexico)

2007-07-15

This paper describes the methodology applied for measuring water flow through a 170-MW hydraulic turbine. The flow rate was measured using the pressure-time method, also known as the Gibson method. This method uses the well-known water hammer phenomenon in pipelines; in turbine penstocks, for instance. The version of this method used here is based on measuring, during total stop of the water stream, the time-history of pressure change in one section of the turbine penstock and relate it to the pressure in the upper reservoir to which the penstock is connected. The volumetric flow rate is determined from the relevant integration of the measured temporary pressure rise. Flow measurement was possible this way because the influence of the penstock inlet was negligible as far as an error of the measurement is concerned. The length of the penstock was 300 m. Previous experience and a standard IEC-41-1991 were the criteria adopted and applied. A fast and efficient acquisition system, including a 16 bit card, was used. The flow rate was calculated using a computer program developed and tested on several cases. The results obtained with the Gibson method were used for calibration of the on-line flow measuring system based on the Winter-Kennedy method as one of the index methods. This method is very often used for continuous monitoring of the flow rate through hydraulic turbines, when the calibration has been done on site by using the results of measurements obtained by the absolute method. Having measured the flow rate and output power, the efficiency was calculated for any operating conditions. A curve showing the best operating conditions based on the highest efficiency is presented and discussed. The details of the instrumentation, its installation, and the results obtained are discussed in the paper. [Spanish] Este articulo describe la metodologia aplicada para la medicion del flujo en una turbina hidraulica de 170 MW. El flujo se midio utilizando el metodo de presion

Global mechanisms for sustaining and enhancing PES schemes

International Nuclear Information System (INIS)

Farley, Josh; Moulaert, Azur; Lee, Dan; Krause, Abby; Aquino, Andre; Daniels, Amy

2010-01-01

An international payment for ecosystem service (IPES) schemes may be one of the only mechanisms available to stimulate the provision of vital non-marketed ecosystem services at the global level, as those nations that benefit from global ecosystem services (GES) cannot readily force other sovereign nations to provide them. Currently, international trade offers trillions of dollars in incentives for countries to convert natural capital into marketable goods and services, and few payments to entice countries to conserve natural capital in order to sustain critical non-marketed ecosystem services. We examine the biophysical characteristics of climate change and biodiversity to understand the obstacles to developing effective IPES schemes. We find that none of the existing schemes for providing GES are adequate, given the scale of the problem. A cap and auction scheme for CO 2 emissions among wealthy nations could fund IPES and simultaneously deter carbon emissions. To disburse funds, we should adapt Brazil's ICMS ecologico, and apportion available funds to targeted countries in proportion to how well they meet specific criteria designed to measure the provision of GES. Individual countries can then develop their own policies for increasing provision of these services, ensured of compensation if they do so. Indirect IPES should include funding for freely available technologies that protect or provide GES, such as the low carbon energy alternatives that will be essential for curbing climate change. Markets rely on the price mechanism to generate profits, which rations technology to those who can afford it, reducing adoption rates, innovation and total value. (author)

Valuation and Hedging of Variable Annuities in Pension Schemes

NARCIS (Netherlands)

Bovenberg, A.L.; van Bilsen, S.; Laeven, R.J.A.

2018-01-01

This paper explores defined ambition pension schemes that provide (deferred) variable annuities. These pension schemes allocate various risks (i.e., real interest rate, expected inflation and stock market risk) to the policyholders on the basis of complete contracts. We show how these variable

Market-based support schemes for renewable energy sources

NARCIS (Netherlands)

Fagiani, R.

2014-01-01

The European Union set ambitious goals regarding the production of electricity from renewable energy sources and the majority of European governments have implemented policies stimulating investments in such technologies. Support schemes differ in many aspects, not only in their effectivity and

A microwave technique for electrical conductivity measurements in semiconductors; Un procedimiento en frecuencia de microondas para la medicion de la conductividad electrica en semiconductores

Energy Technology Data Exchange (ETDEWEB)

Ramirez, A; Zehe, A [Benemerita Universidad Autonoma de Puebla, Puebla (Mexico); Starostenko, O [Universidad de las Americas, Puebla, (Mexico); Perez, L [Benemerita Universidad Autonoma de Puebla, Puebla (Mexico)

2003-01-15

In the present paper a theoretical approach is given together with the description of the experimental technique for electrical conductivity measurements of semiconductors in frequency range of 10 GHz, corresponding to a wavelength of {lambda}= 3 cm. It is shown, that the sample conductivity, measured without the need of electrical contacts, Is practically identical with results obtained by direct current methods. The potential use of the method for dielectric measurements in samples of general shape is included in the discussion. Given that the local electrical field is known only in bodies of ellipsoidal shape, one has to apply approximation methods for sample shapes of practical relevance (cylinders, cubes, disks). Finally, the measuring range and corresponding errors are explained on the base of measurements realized with silicon samples. [Spanish] En el presente trabajo se desarrolla la teoria junto con la descripcion del arreglo experimental para la medicion de la conductividad electrica en muestras semiconductoras, utilizando un campo de microondas de {lambda}= 3 cm, correspondiente a una frecuencia n de 10 GHz. Se demuestra que la conductividad electrica medida sin la necesidad de contactos electricos es practicamente identica con resultados obtenidos por el metodo comun utilizando corriente directa (d.c.). Se incorpora en la discusion ademas el potencial del metodo para el estudio de propiedades dielectricas en muestras de geometria general. Dado que solamente en cuerpos con geometria elipsoidal se conoce bien el campo electrico local, y con esto el momento bipolar inducido, para muestras de geometrias mas practicas (cilindros, cubos, discos) se acude a metodos de aproximacion. Finalmente, se discute el rango de mediciones y errores, y se presentan mediciones concretas, utilizando muestras de silicio.

A comprehensive market-based scheme for VAR management and pricing in the electricity markets

Energy Technology Data Exchange (ETDEWEB)

El-Araby, E.E. [Qassim Univ., Alqassim, Meldia (Saudi Arabia). Dept. of Electrical Engineering

2009-07-01

In order to enable a power system to operate within an acceptable degree of reliability and security, the provision of VAR ancillary services from the VAR sources in electricity markets is the most effective method. The procurement of VAR services is particularly problematic for transmission operators as it relates to pricing mechanism and various technical issues during system operation. This paper proposed an integrated market-based approach for pricing VAR service in the electricity market. The paper was an extension of the authors' proposal for the provision of the VAR service from dynamic VAR sources in a competitive market-based environment. The formulation was modified to include VAR utilization payment and possible power system transition states multiple base cases and contingencies with their associated occurrence probabilities. The paper discussed the basic terms of the proposed approach including the VAR market objective and generator VAR output and its compensation. The mathematical formulation that considered VAR capacity payment, utilization payment and operating costs under the previous transition states in a unified single problem were introduced. The overall problem formulation and solution algorithm were also presented as a large-scale mixed integer nonlinear optimization problem. It was concluded that the proposed method was suited for the simulation and analysis of the existing VAR market. 8 refs., 3 tabs., 5 figs., 2 appendices.

Risk management in a competitive electricity market

International Nuclear Information System (INIS)

Liu, Min; Wu, Felix F.

2007-01-01

In a competitive electricity market, it is necessary and important to develop an appropriate risk management scheme for trade with full utilization of the multi-market environment in order to maximize participants' benefits and minimize the corresponding risks. Based on the analyses to trading environments and risks in the electricity market, a layered framework of risk management for electric energy trading is proposed in this paper. Simulation results confirmed that trading among multiple markets is helpful to reduce the complete risk, and VaR provides a useful approach to judge whether the formed risk-control scheme is acceptable. (author)

Measuring system of partial discharges with optical links and interphase for PC; Sistema de medicion de descargas parciales con enlaces opticos e interfase para PC

Energy Technology Data Exchange (ETDEWEB)

Pacheco Arteaga, Maria Jojutla Olimpia

1999-07-01

In this work a measuring system of partial discharges based on the traditional electrical detection technique is presented, but that unlike the existing systems it uses an optical link of communication. On one hand, the optical fiber avoids that the electromagnetic interference of the area affects the measurement and on the other hand, allows to make measurements online. With a personal computer and an application program the system is controlled, besides storing and displaying graphically the acquired data. As a result of this thesis the developed system obtains the magnitude and the phase of every partial discharge occurred during a time interval fixed or selected by the user, as well as the total number of discharges. In a graphical form it presents the magnitude and the phase of each discharge, in addition to the corresponding histogram of frequencies. [Spanish] En este trabajo se presenta un sistema de medicion de descargas parciales basado en la tecnica de deteccion electrica tradicional, pero que a diferencia de los sistemas existentes utiliza un enlace de comunicacion optico. Por un lado, la fibra optica evita que la interferencia electromagnetica del medio afecte la medicion y por otro, permite hacer mediciones en linea. Con una computadora personal y un programa de aplicacion se controla el sistema, ademas de almacenar y presentar graficamente la informacion adquirida. Como resultado de esta tesis el sistema desarrollado obtiene la magnitud y la fase de cada descarga parcial ocurrida durante un intervalo de tiempo fijo o seleccionado por el usuario, asi como el numero total de descargas. En forma grafica presenta la magnitud y la fase de cada descarga, ademas del histograma de frecuencias correspondiente.

Hong Kong's electricity market beyond 2008

International Nuclear Information System (INIS)

Lam, Pun Lee

2004-01-01

In Hong Kong, electricity is supplied by two private utilities: Hongkong Electric and CLP Power (CLP). Both are regulated under the Scheme of Control (SOC). The SOC is a formal, long-term regulatory contract of 15 years, signed between a private firm and the Hong Kong Government. Under the SOC, the two electric utilities are subject to both rate-of-return control and price control. The current scheme will expire by 2008. In this paper, we propose a gradual and cautious approach to the introduction of market reform into the electricity industry in Hong Kong. For regulated markets, the government should consider replacing the SOC with performance-based regulation for wire businesses and the non-contestable market. For competitive markets, the government should consider introducing competitive tendering for new sources in the generation market and liberalising the supply market in phases. (author)

Hong Kong's electricity market beyond 2008

International Nuclear Information System (INIS)

Lam, P.-L.

2004-01-01

In Hong Kong, electricity is supplied by two private utilities: Hongkong Electric and CLP Power (CLP). Both are regulated under the Scheme of Control (SOC). The SOC is a formal, long-term regulatory contract of 15 years, signed between a private firm and the Hong Kong Government. Under the SOC, the two electric utilities are subject to both rate-of-return control and price control. The current scheme will expire by 2008. In this paper, we propose a gradual and cautious approach to the introduction of market reform into the electricity industry in Hong Kong. For regulated markets, the government should consider replacing the SOC with performance-based regulation for wire businesses and the non-contestable market. For competitive markets, the government should consider introducing competitive tendering for new sources in the generation market and liberalising the supply market in phases

Static and dynamic efficiency of white certificate schemes

International Nuclear Information System (INIS)

Giraudet, L.G.; Finon, D.

2011-01-01

White Certificate Schemes mandate energy companies to promote energy efficiency through flexibility mechanisms, including the trading of energy savings. They can be characterized as a quantity-based, baseline-and-credit system for the diffusion of energy efficient technologies. This paper compares experiences with White Certificate Schemes in Great Britain, Italy and France, in order to identify the basic drivers of each, and ultimately offer an original interpretation as an adaptive instrument, in the sense that it can take different forms in response to specific institutional contexts. A first analysis shows that Schemes perform well in terms of static efficiency, i.e. they are cost-effective and generate net social benefits over the period considered, though with large discrepancies rooted in different technological potentials. Regarding dynamic efficiency, i.e. the ability to induce and sustain technological change over the long haul, market transformation occurred in Great Britain, but was poorly incentivized in Italy and France by inadequate compliance cost recovery rules. Substantial organizational change has occurred in every country, mainly by strengthening vertical relationships between obliged parties and upstream businesses. Overall, the obligation (rather than the market component) drives the early phases of the Schemes. (authors)

Developing Agricultural Markets in Sub-Saharan Africa

DEFF Research Database (Denmark)

Jones, Edward Samuel; Gibbon, Peter

2011-01-01

behind these effects. We find substantial benefits from the scheme, driven primarily by the establishment of credible incentives for farmers to adopt technologies which improve cocoa quality. There is also evidence of broader trends of market deepening and increased productivity, probably due to positive......This article investigates the process of development in a traditional African export market, focusing on a contract farming scheme for organic cocoa in rural Uganda. Based on a repeated household survey, we measure the impact of the scheme on the income of participants and the economic mechanisms...

Designing carbon markets, Part II: Carbon markets in space

International Nuclear Information System (INIS)

Fankhauser, Samuel; Hepburn, Cameron

2010-01-01

This paper analyses the design of carbon markets in space (i.e., geographically). It is part of a twin set of papers that, starting from first principles, ask what an optimal global carbon market would look like by around 2030. Our focus is on firm-level cap-and-trade systems, although much of what we say would also apply to government-level trading and carbon offset schemes. We examine the 'first principles' of spatial design to maximise flexibility and to minimise costs, including key design issues in linking national and regional carbon markets together to create a global carbon market.

European Schemes for Promoting Renewables in Liberalised Markets

DEFF Research Database (Denmark)

Meyer, Niels I.

2003-01-01

The paper describes possibilities and problems for penetration of supply systems based on renewable energy sources in liberalised markets. The analysis is based on recent development in EU with different models for support of installations based on renewable energy. These include feed-in models...... with guaranteed minimum tariffs, tender models for different bands of technologies, and green certificates trading models with obligatory consumer quota. The paper describes the market situation in selected European countries, including Germany, the UK, Holland and Denmark.An EU directive from September 2001 has...

Insights on different participation schemes to meet climate goals

International Nuclear Information System (INIS)

Russ, Peter; Ierland, Tom van

2009-01-01

Models and scenarios to assess greenhouse gas mitigation action have become more diversified and detailed, allowing the simulation of more realistic global climate policy set-ups. In this paper, different participation schemes to meet different levels of radiative forcing are analysed. The focus is on scenarios that are in line with the 2 deg. C target. Typical stylised participation schemes are based either on a perfect global carbon market or delayed participation with targets only for developed countries, no actions by developing countries and no access to credits from offsetting mechanisms in developing countries. This paper adds an intermediate policy scenario assuming a gradual incorporation of all countries, including a gradually developing carbon market, and taking into account the ability to contribute of different parties. Perfect participation by all parties would be optimal, but it is shown that participation schemes involving a gradual and differentiated participation by all parties can substantially decrease global costs and still meet the 2 deg. C target. Carbon markets can compensate in part for those costs incurred by developing countries' own, autonomous mitigation actions that do not generate tradable emission credits.

Risk-based assessment of the cost-efficiency and the effectivity of renewable energy support schemes: Certificate markets versus feed-in tariffs

International Nuclear Information System (INIS)

Fagiani, Riccardo; Barquín, Julián; Hakvoort, Rudi

2013-01-01

The introduction of renewable energy sources in the electricity generation mix has the potential to reduce power sector's emissions and countries' dependence on imported oil. Climate change concerns and highly volatile oil prices have attracted governments' interest and support to sustain investments in renewable energy capacity, and different support policies have been implemented in many countries around the world. This paper analyzes the effects of investors' risk aversion on the performance of support schemes. The analysis compares two policy options, a feed-in tariff mechanism with a certificate market system. Results show that while a tariff mechanism could obtain better results than a certificate market, its performance is strictly dependent on regulator choices. A certificate market instead, permits to obtain the desired level of renewable energy market share with good cost-efficiency as long as investors' risk aversion is moderate. Moreover, discounting future cash flows with higher social discount rates further benefits a certificate system making it preferable to feed-in tariffs. - Highlights: ► Paper analyzes the performance of feed-in tariffs and certificate markets. ► Model simulates the evolution of a power system considering investors' risk aversion. ► Tariffs could obtain better efficiency but also low effectiveness or over-investment. ► Barriers to entrance could result in higher certificates prices. ► Certificate performances benefit from higher social discount rates

Soil Moisture Measurement through Time Domain Reflectometry (TDR). Irrigation Application; Medicion de la humedad del suelo por reflectometria en el dominio temporal (TDR). Aplicacion en irrigacion

Energy Technology Data Exchange (ETDEWEB)

Quinonez Pedroza, Hector E.; Ruelle, Pierre; Nemeth Ildiko [Cemagre, (France)

2002-03-01

Knowledge of how moisture varies in the soil is essential to determine the actual rate of evapotranspiration in crops and, thus, the amount of water necessary for irrigation. Lisimeters, tensiometers and the neutron probe have been widely used for precise measurement of soil moisture in order to calibrate models of irrigation scheduling or to calculate volumes of irrigation water. Despite the usefulness of such measurements, these methods have limited use because of problems like high cost of lisimeters and neutron probes as well as their strict regulation, limited range of validity of tensiometers. Moreover, the measurements obtained from these methods generally describe noncontinuous points in time. Time Domain Reflectometry (TDR) is a viable to such methods because of its precision and the continuity of its measurements. This study evaluates soil moisture, using the neutron and TDR methods in maize crop irrigated by gravity in closed furrows. The results show that even though the absolute determinations of moisture are different in the 30-90 cm profiles, moisture variations were similar in all cases and respond consequently to the additions of water and to evapotranspiration. Neutron probe drawback become evident on its no-continuous measurements contrasting with the continuous measurements of TDR, which allows a detailed analysis of the infiltration and evapotranspiration phenomenal at instantaneous time scales. [Spanish] El conocimiento de la variacion de la humedad del suelo es esencial para determinar la evapotranspiracion real de los cultivos. Esta ultima, a su vez, permite conocer las cantidades necesarias de agua de riego. Los lisimetros, los tensiometros y el aspersor de nuestro s han sido ampliamente usados para la medicion precisa de la humedad del suelo con propositos de calibracion de modelos de programacion del riego o para su utilizacion directa en el calculo de volumenes de riego. A pesar de la importancia de tales mediciones, su uso es muy

Ramsey prices in the Italian electricity market

International Nuclear Information System (INIS)

Bigerna, Simona; Bollino, Carlo Andrea

2016-01-01

In this paper, we derive optimal zonal prices in the Italian day-ahead electricity market using estimation of a complete system of hourly demand in 2010–2011. In Italy, the hourly equilibrium price for all buyers is computed as a uniform average of supply zonal prices, resulting from market splitting due to line congestion. We model ex-ante individual bids expressed by heterogeneous consumers, which are distinguished by geographical zones. Using empirical estimations, we compute demand elasticity values and new zonal prices, according to a Ramsey optimal scheme. This is a new approach in the wholesale electricity market literature, as previous studies have discussed the relative merit of zonal prices, considering only the issue of line congestion. Our results show that the optimal pricing scheme can improve welfare in the day-ahead Italian electricity market, with respect to both the existing uniform price scheme and the proposal to charge the existing supply zonal prices to the demand side. - Highlights: • We model and estimate the demand of heterogeneous buyers in the electricity market. • Transmission line congestion creates welfare distortions in the market. • We derive optimal Ramsey prices in the Italian day-ahead electricity market. • We compare optimal prices with historical ones showing how to improve welfare.

An Employer of Last Resort Scheme which Resembles a Free Labour Market

OpenAIRE

MUSGRAVE, Ralph S.

2017-01-01

Abstract. The idea that government should act as employer of last resort (ELR) is an old one. That idea is often referred to nowadays as “job guarantee”. Many ELR schemes to date have been confined to the public sector. There is no good reason for that limitation: i.e. the private sector should use ELR labour as well.  A second common characteristic of ELR schemes has been that (like the WPA in the US in the 1930s) they involve specially set up projects or schemes as distinct from subsidising...

Control, protection and measuring switchboards; Tableros de control, proteccion y medicion

Energy Technology Data Exchange (ETDEWEB)

Marron Pena, Gustavo A. [Luz y Fuerza del Centro, Mexico, D. F. (Mexico)

1997-12-31

Basically a switchboard is a cabinet or panel that contains equipment for protection of measuring and control high tension electric power components of high tension, such as: transmission power lines, power station generators or power plants, power transformers, and distribution feeders. In this paper the importance of control, Protection and Measuring Switchboards is discussed and the power installations of the national electric system is analyzed and finally, a description is made of the quality system applied in the manufacture of switchboards at Luz y Fuerza del Centro in accordance with ISO-9000 and NMX-CC Standards [Espanol] Un tablero basicamente es un gabinete o panel que contiene equipos que sirven para proteger, medir y controlar componentes electricos de potencia en alta tension, como son: lineas de transmision, generadores de centrales o plantas electricas, transformadores de potencia y alimentadores de distribucion. En este documento se analiza la importancia de los tableros de control, la proteccion y medicion en las instalaciones de potencia del sistema electrico nacional y por ultimo se describe el sistema de calidad aplicado en la fabricacion de tableros de Luz y Fuerza del Centro de acuerdo con las normas ISO-9000 y NMX-CC

ANÁLISIS DE SISTEMAS ASFALTO-AGREGADO A PARTIR DE MEDICIONES DE ENERGÍA SUPERFICIAL LIBRE

Directory of Open Access Journals (Sweden)

ALLEX E. ALVAREZ

2012-01-01

Full Text Available La energía superficial libre (ESL es una propiedad termodinámica fundamental de los materiales que puede ser empleada para cuantificar la calidad de la adhesión entre diversos materiales, la susceptibilidad de éstos a perder su adhesión por la presencia de agua en el sistema y la capacidad del recubrimiento de un material sobre otro con diferentes valores de ESL (i.e., humectabilidad. Estos principios son aplicables a diferentes materiales, incluidos los sistemas asfalto-agregado (i.e., mezclas asfálticas. El presente trabajo tiene como objetivo principal presentar un análisis, basado en mediciones de ESL de los materiales constitutivos de las mezclas asfálticas, mediante el cual se puede cuantificar la calidad de la adhesión, la susceptibilidad al daño por humedad y la calidad del recubrimiento del asfalto sobre el agregado en diversos sistemas asfalto-agregado. Las mediciones de ESL de asfaltos y agregados fueron realizadas en laboratorio a través del método de la Placa Wilhelmy y de la Máquina de Adsorción Universal (USD, respectivamente. Los materiales evaluados incluyeron asfaltos colombianos y agregados de origen colombiano y norteamericano. El análisis específico consistió en evaluar el efecto de procesos industriales de modificación y la adición de llenante mineral sobre la calidad de la adhesión, la susceptibilidad al daño por humedad y la humectabilidad de diversos sistemas asfalto-agregado. Los resultados sugieren que la medición de la ESL de asfaltos y agregados es una herramienta eficiente para evaluar la compatibilidad y el desempeño esperado de diversos sistemas asfalto-agregado, así como los cambios inducidos a nivel fundamental por diferentes procesos propios de la fabricación de mezclas asfálticas (e.g., adición de llenante mineral.

Power exchange game in the electricity market

International Nuclear Information System (INIS)

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

2006-01-01

Since it is not economically reasonable to build parallel electricity networks, in Finland, Sweden, Norway and Denmark, electricity distribution is protected by monopoly. However, electricity production and selling have been opened up to competition by connecting the transmission networks of these countries together, and it is possible to produce electricity where it is cheapest. A common electricity power market, called Nord Pool, has been created where electricity can be bought, sold or used as an exchange product. In order to help students understand the operation of electricity markets and the use of different electricity exchange products, the Department of Electrical Engineering at Lappeenranta University developed a scheme in which the theory can be used in practice. In the scheme, students are given the responsibility to manage the electricity markets of power companies in order analyze, plan and make decisions, which are skills required on the open power markets. The paper provided an introduction to the electricity markets in Nordic countries and discussed Nord Pool and its products. Information about education at the Department of Electrical Engineering at Lappeenranta University of Technology was also presented. The paper also provided details of the power exchange scheme on the electricity markets. 6 refs., 17 figs

Payment schemes and cost efficiency: evidence from Swiss public hospitals.

Science.gov (United States)

Meyer, Stefan

2015-03-01

This paper aims at analysing the impact of prospective payment schemes on cost efficiency of acute care hospitals in Switzerland. We study a panel of 121 public hospitals subject to one of four payment schemes. While several hospitals are still reimbursed on a per diem basis for the treatment of patients, most face flat per-case rates-or mixed schemes, which combine both elements of reimbursement. Thus, unlike previous studies, we are able to simultaneously analyse and isolate the cost-efficiency effects of different payment schemes. By means of stochastic frontier analysis, we first estimate a hospital cost frontier. Using the two-stage approach proposed by Battese and Coelli (Empir Econ 20:325-332, 1995), we then analyse the impact of these payment schemes on the cost efficiency of hospitals. Controlling for hospital characteristics, local market conditions in the 26 Swiss states (cantons), and a time trend, we show that, compared to per diem, hospitals which are reimbursed by flat payment schemes perform better in terms of cost efficiency. Our results suggest that mixed schemes create incentives for cost containment as well, although to a lesser extent. In addition, our findings indicate that cost-efficient hospitals are primarily located in cantons with competitive markets, as measured by the Herfindahl-Hirschman index in inpatient care. Furthermore, our econometric model shows that we obtain biased estimates from frontier analysis if we do not account for heteroscedasticity in the inefficiency term.

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.

Project financing renewable energy schemes

International Nuclear Information System (INIS)

Brandler, A.

1993-01-01

The viability of many Renewable Energy projects is critically dependent upon the ability of these projects to secure the necessary financing on acceptable terms. The principal objective of the study was to provide an overview to project developers of project financing techniques and the conditions under which project finance for Renewable Energy schemes could be raised, focussing on the potential sources of finance, the typical project financing structures that could be utilised for Renewable Energy schemes and the risk/return and security requirements of lenders, investors and other potential sources of financing. A second objective is to describe the appropriate strategy and tactics for developers to adopt in approaching the financing markets for such projects. (author)

Global Mechanisms for Sustaining and Enhancing PES Schemes

OpenAIRE

Farley, Josh; Aquino, Andre; Daniels, Amy; Moulaert, Azur; Lee, Dan; Krause, Abby

2010-01-01

An international payment for ecosystem service (IPES) schemes may be one of the only mechanisms available to stimulate the provision of vital non-marketed ecosystem services at the global level, as those nations that benefit from global ecosystem services (GES) cannot readily force other sovereign nations to provide them. Currently, international trade offers trillions of dollars in incentives for countries to convert natural capital into marketable goods and services, and few payments to ent...

Evaluation and decision of products conceptual design schemes based on customer requirements

Energy Technology Data Exchange (ETDEWEB)

Huang, Hong Zhong; Li, Yan Feng; Liu, Yu; Wang, Zhonglai [University of Electronic Science and Technology of China, Sichuan (China); Liu, Wenhai [2China Science Patent Trademark Agents Ltd., Beijing (China)

2011-09-15

Within the competitive market environment, understanding customer requirements is crucial for all corporations to obtain market share and survive competition. Only the products exactly meeting customer requirements can win in the market place. Therefore, customer requirements play a very important role in the evaluation and decision process of conceptual design schemes of products. In this paper, an evaluation and decision method based on customer requirements is presented. It utilizes the importance of customer requirements, the satisfaction degree of each evaluation metric to the specification, and an evaluation metric which models customer requirements to evaluate the satisfaction degree of each design scheme to specific customer requirements via the proposed BP neural networks. In the evaluation and decision process, fuzzy sets are used to describe the importance of customer requirements, the relationship between customer requirements and evaluation metrics, the satisfaction degree of each scheme to customer requirements, and the crisp set is used to describe the satisfaction degree of each metric to specifications. The effectiveness of the proposed method is demonstrated by an example of front suspension fork design of mountain bikes.

Evaluation and decision of products conceptual design schemes based on customer requirements

International Nuclear Information System (INIS)

Huang, Hong Zhong; Li, Yan Feng; Liu, Yu; Wang, Zhonglai; Liu, Wenhai

2011-01-01

Within the competitive market environment, understanding customer requirements is crucial for all corporations to obtain market share and survive competition. Only the products exactly meeting customer requirements can win in the market place. Therefore, customer requirements play a very important role in the evaluation and decision process of conceptual design schemes of products. In this paper, an evaluation and decision method based on customer requirements is presented. It utilizes the importance of customer requirements, the satisfaction degree of each evaluation metric to the specification, and an evaluation metric which models customer requirements to evaluate the satisfaction degree of each design scheme to specific customer requirements via the proposed BP neural networks. In the evaluation and decision process, fuzzy sets are used to describe the importance of customer requirements, the relationship between customer requirements and evaluation metrics, the satisfaction degree of each scheme to customer requirements, and the crisp set is used to describe the satisfaction degree of each metric to specifications. The effectiveness of the proposed method is demonstrated by an example of front suspension fork design of mountain bikes

Una Medicion de la Pobreza: Un Enfoque Complementario para el Caso Colombiano

Directory of Open Access Journals (Sweden)

Sinisterra Paz Gullermo A.

2003-08-01

Full Text Available

Sinisterra Paz, Guillermo A. " Una Medicion de la Pobreza: Un Enfoque Complementario para el Caso Colombiano" , Cuadernos de Economia, V. XXII , n. 38, Bogotá, 2003, paginas 127 - 150.

En la literatura sobre la pobreza es cada vez mas aceptada la perspectiva sociologica de privaciones relativas, entendida como los los sentimientos de frustacion que tienen las personas al interior de la sociedad, al no tener acceso a las oportunidades que si son viables para otros. A partir de esto se han estructurado varios modelos que buscan medir dicha definicion de pobreza desde el punto de vista de la teoria economica. Se busca dar una vision complementaria a la forma de calcular la pobreza en Colombia, ultilizando el concepto de privaciones relativas, que es mucho mas rico en informacion que los conceptos normalmente utilizados, esto permite diagnosticar mejor quienes son pobres y quienes no lo son. Ademas, son aproximacimaciones que han sido tomadas por lo general en los paises desarrollados. Se utilizo una aproximacion econometrica a la definicion de la pobreza basada en tecnicas de analisis de secciones  transversales.

Contemporary marketing practice : theoretical propositions and practical implications

NARCIS (Netherlands)

Lindgreen, A.; Palmer, R.; Vanhamme, J.

2004-01-01

Marketing has changed significantly since it first emerged as a distinct business and management phenomenon. We identify some of the major factors causing the observed change in marketing practice. We then describe a classification scheme that is based on transaction marketing and relationship

A competitive market for green pellets; Scenarioanalyse - fungerende pelletsmarked

Energy Technology Data Exchange (ETDEWEB)

Lisleboe, Ole; Ingeberg, Kjetil

2010-09-15

This report is one of two reports for Enova in the project 'Functional Green Pellet Market'. The main focus of this report is to increase the knowledge of how the green pellet market in Norway adjusts to different policy instruments and discuss the terms for policy design for Enova. Our findings suggest that the green pellet value chain is threefold because of low transportation costs, both for the raw material and the manufactured product. Hence, only a demand side subsidy scheme would increase the domestic consumption of green pellets. Small local integrated value chains could be profitable if they are based on particularly cheap local raw materials. However, such solutions will not be sufficient to establish a competitive market. There will always be a risk that a subsidy scheme only for green pellets would displace other profitable bio energy, and thus have adverse impacts on market efficiency. In this case, a technology neutral subsidy scheme for bio energy would be preferable for market efficiency. The model developed in this project simulates all relevant heating technologies in order to reveal the effect of technology neutral as well as technology discriminating policy instruments. Nevertheless, actual market share rarely equals the economic market potential. Thus, the model allows for different scenarios for actual market penetration for green pellet. (Author)

Yellow light for green scheme

International Nuclear Information System (INIS)

Morch, Stein

2004-01-01

The article asserts that there could be an investment boom for wind, hydro and bio power in a common Norwegian-Swedish market scheme for green certificates. The Swedish authorities are ready, and the Norwegian government is preparing a report to the Norwegian Parliament. What are the ambitions of Norway, and will hydro power be included? A green certificate market common to more countries have never before been established and requires the solution of many challenging problems. In Sweden, certificate support is expected to promote primarily bioenergy, wind power and small-scale hydro power. In Norway there is an evident potential for wind power, and more hydro power can be developed if desired

Update on markets for forestry offsets

International Nuclear Information System (INIS)

Neeff, T.; Eichler, L.; Deecke, I.; Fehse, J.

2007-01-01

This guide is an update of the book 'Guidebook to Markets and Commercialization of CDM forestry projects'. The document provides information on the development of CMD methodologies, projects registered and markets since the publication of the first version. In addition it introduces the emerging non-Kyoto markets, it presents a classification of the existing developments, it describes each market including the buyer's preferences and it discusses the use of standards and quality criteria and transaction costs. We focus on markets for offsets from developing countries, rather than domestic offsets in developed countries. Section 1 is an introduction to the topic and an overview of the most recent developments. Sections 2 and 3 look at recent experiences and market developments for CDM reforestation projects. These sections are meant to be an update of the above mentioned guidebook and thus refrain from an exhaustive description. Section 4 assesses non-Kyoto markets for carbon offsets from forestry projects. It includes a description of the various market schemes and types of buyers. The section attempts to provide the project developer with useful information for developing a project following buyer' requirements. Finally, section 5 puts the assessment of opportunities for forestry in the broader context of the larger carbon markets. The report then concludes with a comparison of advantages and disadvantages of the CDM and non-Kyoto schemes from the project developer's point of view

System for the measurement and detection of electric energy losses (SIM-IV); Sistema de medicion y deteccion de perdidas de energia electrica (SIM-IV)

Energy Technology Data Exchange (ETDEWEB)

Vidrio L, Gilberto; Gomez L, Martin J; Castan L, Roberto [Instituto de Investigaciones Electricas, Cuernavaca, Morelos (Mexico)

2004-07-01

this is a system of the non-invasive type, it does not interfere with the operation of the electrical circuits. [Spanish] Las companias de electricidad de todo el mundo sufren, en mayor o menor grado, de perdidas de energia electrica. Un gran porcentaje de estas perdidas se debe, principalmente, a apropiaciones indebidas de energia. Los consumidores, mediante practicas ilicitas como tomas clandestinas y alteracion del funcionamiento de los medidores, llevan a cabo el robo de energia. Para tratar de aliviar la problematica de perdidas de energia electrica, en su mayoria por ilicitos, las companias de electricidad han implementado una o mas acciones. Entre las mas importantes estan: Inspeccion visual de las instalaciones de medicion. Su proposito es verificar el estado de las protecciones tradicionales del medidor, como son sellos y anillos de seguridad. Equipos de deteccion. Son registradores de consumo de energia y de fallas en conductores, se utilizan para detectar desviaciones en los patrones de consumo y derivaciones o conexiones ilicitas a la acometida de energia electrica o a la red secundaria de distribucion. Analisis estadistico de consumos. Muchas companias de electricidad han adaptado sus sistemas de procesamiento de lecturas de consumos para detectar desviaciones en los patrones de consumo de los clientes. Esto pudiera corresponder a situaciones anormales. Dado que este pais no es ajeno a la problematica de perdidas de energia, en el Instituto de Investigaciones Electricas se desarrollo un Sistema de Medicion y Deteccion de Perdidas de Energia Electrica (SIM-IV) como resultado del conocimiento de la problematica obtenido de los proyectos en el area de medicion y de la interaccion a traves de reuniones de trabajo con personal de la Comision Federal de Electricidad (CFE) y de Luz y Fuerza del Centro (LyFC), en el que se aplicaron conceptos y tecnologia avanzada de medicion de variables electricas. El SIM-IV es un sistema orientado a la medicion de consumos y la

System for the measurement and detection of electric energy losses (SIM-IV); Sistema de medicion y deteccion de perdidas de energia electrica (SIM-IV)

Energy Technology Data Exchange (ETDEWEB)

Vidrio L, Gilberto; Gomez L, Martin J; Castan L, Roberto [Instituto de Investigaciones Electricas, Cuernavaca, Morelos (Mexico)

2004-07-01

this is a system of the non-invasive type, it does not interfere with the operation of the electrical circuits. [Spanish] Las companias de electricidad de todo el mundo sufren, en mayor o menor grado, de perdidas de energia electrica. Un gran porcentaje de estas perdidas se debe, principalmente, a apropiaciones indebidas de energia. Los consumidores, mediante practicas ilicitas como tomas clandestinas y alteracion del funcionamiento de los medidores, llevan a cabo el robo de energia. Para tratar de aliviar la problematica de perdidas de energia electrica, en su mayoria por ilicitos, las companias de electricidad han implementado una o mas acciones. Entre las mas importantes estan: Inspeccion visual de las instalaciones de medicion. Su proposito es verificar el estado de las protecciones tradicionales del medidor, como son sellos y anillos de seguridad. Equipos de deteccion. Son registradores de consumo de energia y de fallas en conductores, se utilizan para detectar desviaciones en los patrones de consumo y derivaciones o conexiones ilicitas a la acometida de energia electrica o a la red secundaria de distribucion. Analisis estadistico de consumos. Muchas companias de electricidad han adaptado sus sistemas de procesamiento de lecturas de consumos para detectar desviaciones en los patrones de consumo de los clientes. Esto pudiera corresponder a situaciones anormales. Dado que este pais no es ajeno a la problematica de perdidas de energia, en el Instituto de Investigaciones Electricas se desarrollo un Sistema de Medicion y Deteccion de Perdidas de Energia Electrica (SIM-IV) como resultado del conocimiento de la problematica obtenido de los proyectos en el area de medicion y de la interaccion a traves de reuniones de trabajo con personal de la Comision Federal de Electricidad (CFE) y de Luz y Fuerza del Centro (LyFC), en el que se aplicaron conceptos y tecnologia avanzada de medicion de variables electricas. El SIM-IV es un sistema orientado a la medicion de consumos y la

The construction of Shenzhen's carbon emission trading scheme

International Nuclear Information System (INIS)

Jiang, Jing Jing; Ye, Bin; Ma, Xiao Ming

2014-01-01

The Shenzhen ETS is the first urban-level “cap-and-trade” carbon emissions trading scheme to operate in China. This paper gives an overview of the economic and emissions situation in Shenzhen and focuses on the development of the Shenzhen ETS regulatory framework. It is devised as an ETS with an intensity-based cap, output-based allocation and a market for trading of allowances. The design of the Shenzhen ETS attaches great importance to coordinate the dynamic relationships between economic growth, industrial transition and emissions control. The cap and its allocation are determined by carbon intensity reduction targets and economic output, with an aim to slow down emissions growth while mitigating shocks from economic fluctuation and industrial adjustment to market stability. The Shenzhen ETS features extensive coverage consisting of three types of regulated entities and four categories of covered emissions, in order to control carbon emissions by both improving energy efficiency and restraining growing energy demand. A competitive game theory method is created for allocation of free allowances to manufacturing enterprises. Mechanisms for carbon offsets and market stabilization are developed to promote active and orderly trading in the carbon market. Moreover, several challenges and their policy choices are detailed for the development of the Shenzhen ETS. - Highlights: • The Shenzhen ETS is the first urban-level “cap-and-trade” carbon emission trading scheme operated in China. • This paper focuses on the construction of Shenzhen carbon emission trading scheme. It is devised as the intensity-based cap, output-based allocation and allowance trade carbon market. • It has some signatures in the general principles, coverage and scope, cap and allocation and other mechanisms. • Several challenges and their policy choices are detailed for the development of Shenzhen ETS

Financial Symmetry and Moods in the Market

Science.gov (United States)

Savona, Roberto; Soumare, Maxence; Andersen, Jørgen Vitting

2015-01-01

This paper studies how certain speculative transitions in financial markets can be ascribed to a symmetry break that happens in the collective decision making. Investors are assumed to be bounded rational, using a limited set of information including past price history and expectation on future dividends. Investment strategies are dynamically changed based on realized returns within a game theoretical scheme with Nash equilibria. In such a setting, markets behave as complex systems whose payoff reflect an intrinsic financial symmetry that guarantees equilibrium in price dynamics (fundamentalist state) until the symmetry is broken leading to bubble or anti-bubble scenarios (speculative state). We model such two-phase transition in a micro-to-macro scheme through a Ginzburg-Landau-based power expansion leading to a market temperature parameter which modulates the state transitions in the market. Via simulations we prove that transitions in the market price dynamics can be phenomenologically explained by the number of traders, the number of strategies and amount of information used by agents, all included in our market temperature parameter. PMID:25856392

Financial symmetry and moods in the market.

Directory of Open Access Journals (Sweden)

Roberto Savona

Full Text Available This paper studies how certain speculative transitions in financial markets can be ascribed to a symmetry break that happens in the collective decision making. Investors are assumed to be bounded rational, using a limited set of information including past price history and expectation on future dividends. Investment strategies are dynamically changed based on realized returns within a game theoretical scheme with Nash equilibria. In such a setting, markets behave as complex systems whose payoff reflect an intrinsic financial symmetry that guarantees equilibrium in price dynamics (fundamentalist state until the symmetry is broken leading to bubble or anti-bubble scenarios (speculative state. We model such two-phase transition in a micro-to-macro scheme through a Ginzburg-Landau-based power expansion leading to a market temperature parameter which modulates the state transitions in the market. Via simulations we prove that transitions in the market price dynamics can be phenomenologically explained by the number of traders, the number of strategies and amount of information used by agents, all included in our market temperature parameter.

Impact of Market Regulations on the Development of Wind Power - An International Comparison

International Nuclear Information System (INIS)

Ackermann, Thomas; Soeder, Lennart

2000-01-01

This paper presents and briefly evaluates the most important existing market regulations and market schemes regarding its influence on the development of wind power. The evaluation of the existing market regulations focuses on the incentives provided by the various instruments to reduce production costs. The instruments and schemes are: Feed-in Tariffs, Net Metering, Bidding Process, Fixed Quotas, Green Certificate Trading, Green Power Exchange, Green Pricing. In addition, the impact of market regulations for international electricity markets with a power exchange are investigated. The analysis showed that new wind power generation can faces significant market barriers. (author)

Organic Marketing Initiatives and Rural Development

OpenAIRE

Schmid, Otto; Sanders, Jürn; Midmore, Peter

2004-01-01

Over recent decades, organic farmers have come together to form collective marketing initiatives. To begin with, such schemes were often essential as the only means of finding markets for organic products, but farmers today participate in them to pool ideas, capital and skills, and to collectively increase added value of products and market power in the supply chain. However, Organic Marketing Initiatives (OMIs) are not only initiated and managed by farmers but also by consumers, processors o...

Investment barriers under a renewable-electricity support scheme: Differences across investor types

International Nuclear Information System (INIS)

Linnerud, Kristin; Holden, Erling

2015-01-01

In 2012, Norway and Sweden implemented a common market for tradable green certificates to achieve each country's renewable-energy target. This is the first example of a cooperation mechanism that the EU has suggested to improve the cost efficiency of its renewable-energy policies. We asked investors in 446 planned hydropower projects in Norway what type of barriers may prevent their project from being realized under this scheme, and how likely it is that their project will be realized. Based on a regression analysis we find that the responses to these questions vary systematically with investor, project and process characteristics. We find that investors are concerned with capacity barriers imposed on the market because of the short duration and abrupt termination of the subsidy scheme at the end of 2020. Consequently, the cost efficiency of this and similar schemes can be improved by choosing a better design. Moreover, experienced investors and local landowners without previous experience in the energy sector responded differently to these questions. Local landowners were more optimistic, less concerned with capacity barriers and more concerned with economic barriers than experienced investors were. These observations are interesting given the recent emergence of new investors in the renewable energy sector. - Highlights: • Norway and Sweden have implemented a common market for tradable green certificates. • We asked questions on barriers and potential to investors in 446 hydropower projects. • Capacity barriers imposed on the market by the support scheme design are important. • Local landowners are more optimistic than experienced investors are, all else equal. • They focus relatively more on economic barriers and risk and less on capacity barriers

Identifying market opportunities for Smallholder farmers in Uganda

African Journals Online (AJOL)

Mo

city represents a large expansion in markets for agricultural products, and offers a strong demand for a wide range of food .... secondary sources of market information were consulted. ...... Finance schemes, to motivate expansion of production.

Security of supply in the liberalized energy market

International Nuclear Information System (INIS)

Boffa, Federico

2007-01-01

The incentive schemes in the liberalized energy markets do not ensure short-term security of supply. The paper analyzes the regulatory measures suitable to tackle the issue, and evaluates their effects on market power [it

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

expansion with lower prices that will affect existing conventional producers. Supporting that development will be opposed by producers whereas consumers will support such a strategy. However, the investment will be influenced by decisions of producers and the option of securing connection to other markets...... the 2020 RES targets. The countries might also find themselves competing for investment in a market with limited capital available. In both cases, the cost-efficiency of the renewable support policies will be reduced from a coordinated solution. We suggest possible policy solutions for joint support......EU has opened for using joint support schemes as support for promoting renewable energy to meet the 2020 targets. Countries are supporting renewable investment by many different types of support schemes and with different levels of support. The potential coordination benefits with more efficient...

Global PV Market Development

International Nuclear Information System (INIS)

Schmidt, F.

2009-01-01

The dawn of 2009 saw several events which caused major turbulence in the global photovoltaic industry. In 2008 the Spanish PV market grew beyond all expectations and even outranked Germany as the world's number one market. However, the promotion scheme was modified and a market cap was introduced in 2009, cutting back the maximum capacity to be installed to about the level of 2007. In addition, the industry is facing an oversupply of PV modules and a harsh recession which is significantly affecting the traditionally strong PV markets. International photovoltaic companies are challenged by a changing market situation: all of a sudden, competition has increased significantly, pushing the customer to the fore. As a result, a consolidation process is expected within the PV industry worldwide. However, the story is not all negative. In the U.S., the election of Barack Obama may be seen as the starting signal for a massive expansion in PV, likely to bring the country to first place globally within the next five years. Furthermore, different markets and market segments are being opened up - especially in Europe - thanks to the gradual arrival of generation parity and new PV support mechanisms. EuPD Research has observed and studied international PV markets since its foundation. The information included in the presentation is based on a wide range of quantitative and qualitative studies that EuPD Research has conducted in the key markets since 2002. Florian Schmidt, EuPD Research's Head of Product Management, will give an overview of the global PV market and how it is developing in this crucial year 2009. Aspects such as technology development, production capacities and the demand side will be included, with a special emphasis on the European PV markets. So far Chinese PV companies have often benefited from the booming PV markets in Europe, above all Germany and Spain. Due to the lack of domestic market, the Chinese industry strongly depends on the export and is

An empirical comparison of alternative schemes for combining electricity spot price forecasts

International Nuclear Information System (INIS)

Nowotarski, Jakub; Raviv, Eran; Trück, Stefan; Weron, Rafał

2014-01-01

In this comprehensive empirical study we critically evaluate the use of forecast averaging in the context of electricity prices. We apply seven averaging and one selection scheme and perform a backtesting analysis on day-ahead electricity prices in three major European and US markets. Our findings support the additional benefit of combining forecasts of individual methods for deriving more accurate predictions, however, the performance is not uniform across the considered markets and periods. In particular, equally weighted pooling of forecasts emerges as a simple, yet powerful technique compared with other schemes that rely on estimated combination weights, but only when there is no individual predictor that consistently outperforms its competitors. Constrained least squares regression (CLS) offers a balance between robustness against such well performing individual methods and relatively accurate forecasts, on average better than those of the individual predictors. Finally, some popular forecast averaging schemes – like ordinary least squares regression (OLS) and Bayesian Model Averaging (BMA) – turn out to be unsuitable for predicting day-ahead electricity prices. - Highlights: • So far the most extensive study on combining forecasts for electricity spot prices • 12 stochastic models, 8 forecast combination schemes and 3 markets considered • Our findings support the additional benefit of combining forecasts for deriving more accurate predictions • Methods that allow for unconstrained weights, such as OLS averaging, should be avoided • We recommend a backtesting exercise to identify the preferred forecast averaging method for the data at hand

CAISO flicks switch on nodal scheme and lights stay on

Energy Technology Data Exchange (ETDEWEB)

NONE

2009-06-15

In 2000-01, two years after introducing a competitive wholesale power auction in California - with a separate day-ahead zonal market operated by the California Power Exchange and a zonal market for ancillary services and balancing energy operated by the California Independent System Operator (CAISO) - the California market collapsed from exorbitant prices, flagrant gaming, and abuse of market power. Nine years later, CAISO introduced a nodal pricing auction for the wholesale market in April, replacing the zonal scheme, which was among many causes of the original market's demise. With nearly 3,000 nodes on the network, high prices in one region do not affect prices everywhere on the system. After investing some $200 million to upgrade the software, countless delays, and 18 months of market simulation and testing, the new auction was introduced and nothing unusual happened.

Econometric analysis of Australian emissions markets and electricity prices

International Nuclear Information System (INIS)

Cotton, Deborah; De Mello, Lurion

2014-01-01

Emissions trading schemes aim to reduce the emissions in certain pollutants using a market based scheme where participants can buy and sell permits for these emissions. This paper analyses the efficiency of the two largest schemes in Australia, the NSW Greenhouse Gas Abatement Scheme and the Mandatory Renewable Energy Trading Scheme, through their effect on the electricity prices from 2004 to 2010. We use a long run structural modelling technique for the first time on this market. It provides a practical long-run approach to structural relationships which enable the determination of the effectiveness of the theoretical expectations of these schemes. The generalised forecast error variance decomposition analysis finds that both schemes' emissions prices have little effect on electricity prices. Generalised impulse response function analysis support this finding indicating that when shocks are applied to electricity by the two schemes it returns to equilibrium very quickly. This indicates that these schemes are not having the effect anticipated in their legislation. - Highlights: • We analyse two emissions trading schemes in Australia. • We test for their effect on wholesale electricity prices. • The test uses generalised forecast error variance decomposition analysis. • The tests find long run relationship between the variables in both the samples. • The short run-dynamics indicate that they play a minimal role in electricity prices

Carbon market emerges

International Nuclear Information System (INIS)

Hordern, N.

2001-01-01

Last November COP6, the UN climate change conference in The Hague, failed to agree on the rules of the Kyoto Protocol, the treaty limiting developed countries' emissions of greenhouse gases ('carbon'). Many in the Australian resource and energy sector were relieved that COP6 was inconclusive. As Industry Minister Senator Nick Minchin put it: 'Better no outcome than a bad outcome.' However, the financial services sector -potentially a major beneficiary of the international carbon it hoped COP6 would endorse -received a setback. Apparently not for long. Only months later, a nascent Australian carbon trading market seems to be emerging by stealth, irrespective of COP6's fortunes. This poses both opportunities and costs for the resources and energy sectors. Whoever succeeds in influencing the design of a trading scheme, 'pilot' or not, will have a box seat when - not if - a 'mandatory' emissions trading scheme is introduced. Government policy is that there will be no mandatory emissions trading scheme until the establishment of a UN endorsed international market requires one of Australia. This, in turn, depends upon the conclusion of the negotiations that stalled in The Hague. COP6 is set to resume in Germany, probably in July

Market concentration trends in South Africa’s private healthcare sector

Directory of Open Access Journals (Sweden)

Marine Erasmus

2016-03-01

Full Text Available The Competition Commission (CC commenced with an enquiry into South Africa’s private healthcare sector at the beginning of 2014, the outcome of which could have far-reaching consequences for the medical industry in South Africa. The panel appointed to consider competition in the private healthcare sector has indicated that they are interested in understanding increased consolidation in the private hospital market and the effect this may have on competitive dynamics. This article considers historical concentration trends in the private hospital market from 2000 to 2012. In addition it also deals with changes in market structure in the medical scheme and administrator markets. These trends provide a complete picture of market structure changes and the implications for relative bargaining power of the various parties. It finds that whereas the market concentration of private hospitals has remained relatively stable since 2004, the market concentration of medical schemes and administrators has increased over this period.

Consumption, price asymmetries, transmission congestion and market power in the Norwegian electricity market

Energy Technology Data Exchange (ETDEWEB)

Mirza, Faisal Mehmood

2011-07-01

The results from this dissertation add to the ongoing debate in Norway if NordPool spot should shift from zonal price scheme to the nodal price scheme. Academically, the individual papers provide a number of theoretical frameworks that are helpful in analyzing electricity markets around the world. The PhD dissertation investigates price determination process in the Norwegian electricity market and evaluates if the market works at perfectly competitive level or producers exercise market power to drive prices away from their marginal cost of production. Using aggregate hourly electricity supply and demand data, the empirical analysis carried out in this dissertation leads to the following conclusions. 1. Market power at the generation level is not a major problem for the Norwegian electricity market. On average, when we consider the events of binding transmission capacity as exogenous, the average markup in economic terms is small and has not exceeded one percent. 2. Producers can use the information on available transmission capacity between different price areas in Norway and restrict their output to induce transmission congestion in their price area to exercise market power. Average markup during such instances has remained high at 20 percent. 3. Transmission capacity in Norway is not being optimally utilized as import capacity remains at its lowest level during the hours when southern Norway is generally a net importer of electricity, when compared to the rest of the hours of the day. 4. A segment of electricity retailers in the Norwegian electricity market exercises its market power by controlling the pass-through of price changes in the wholesale market to the retail market for variable price contract consumers. The pass-through is asymmetric, whereby cost increase is transmitted completely and quickly when compared to the case of cost decrease. 5.The Daylight saving time (Summer time) policy is helpful in ensuring energy efficiency. It results in electricity

Estimating correlation and covariance matrices by weighting of market similarity

OpenAIRE

Michael C. M\\"unnix; Rudi Sch\\"afer; Oliver Grothe

2010-01-01

We discuss a weighted estimation of correlation and covariance matrices from historical financial data. To this end, we introduce a weighting scheme that accounts for similarity of previous market conditions to the present one. The resulting estimators are less biased and show lower variance than either unweighted or exponentially weighted estimators. The weighting scheme is based on a similarity measure which compares the current correlation structure of the market to the structures at past ...

Coordination Scheme for Restructuring Business Operation of the Single Period Newsvendor Problem

Directory of Open Access Journals (Sweden)

Chiuh-Cheng Chyu

2013-01-01

Full Text Available This paper presents a coordination scheme for a single period newsvendor problem when both supplier and retailer of the supply chain agree to change the business operation from a market decision power sharing system (Model 1 to a unique decision maker system (Model 2. The supplier is assumed to be a risk-averse decision maker and he will undertake the product quality risk in both models. Model 1 is game theoretic, where the supplier controls the wholesale price, but the retailer controls the order quantity and market price. The bargaining process ends when the supplier has found a wholesale price that maximizes the value of his sales revenue minus the product quality cost. Model 2 is a centralized system where the supplier possesses all decision powers of the market. In general, Model 2 will generate higher total revenue than Model 1. The aim of this research is to propose a satisfying compromise based on consignment policy to resolve the revenue-sharing conflict in Model 2 due to the additional revenue. An example is provided to illustrate the two models and the proposed coordination scheme, along with managerial insights on the models’ benefits. The impacts of several parameters on the scheme are also presented and discussed.

Designing carbon markets. Part I: Carbon markets in time

International Nuclear Information System (INIS)

Fankhauser, Samuel; Hepburn, Cameron

2010-01-01

This paper analyses the design of carbon markets in time (i.e., intertemporally). It is part of a twin set of papers that ask, starting from first principles, what an optimal global carbon market would look like by around 2030. Our focus is on firm-level cap-and-trade systems, although much of what we say would also apply to government-level trading and carbon offset schemes. We examine the 'first principles' of temporal design that would help to maximise flexibility and to minimise costs, including banking and borrowing and other mechanisms to provide greater carbon price predictability and credibility over time.

Carbon emission trading system of China: a linked market vs. separated markets

Science.gov (United States)

Liu, Yu; Feng, Shenghao; Cai, Songfeng; Zhang, Yaxiong; Zhou, Xiang; Chen, Yanbin; Chen, Zhanming

2013-12-01

The Chinese government intends to upgrade its current provincial carbon emission trading pilots to a nationwide scheme by 2015. This study investigates two of scenarios: separated provincial markets and a linked inter-provincial market. The carbon abatement effects of separated and linked markets are compared using two pilot provinces of Hubei and Guangdong based on a computable general equilibrium model termed Sino-TERMCo2. Simulation results show that the linked market can improve social welfare and reduce carbon emission intensity for the nation as well as for the Hubei-Guangdong bloc compared to the separated market. However, the combined system also distributes welfare more unevenly and thus increases social inequity. On the policy ground, the current results suggest that a well-constructed, nationwide carbon market complemented with adequate welfare transfer policies can be employed to replace the current top-down abatement target disaggregation practice.

Some design lessons from market-based greenhouse gas regulation in the restructured Australian electricity industry

International Nuclear Information System (INIS)

MacGill, Iain; Outhred, Hugh; Nolles, Karel

2006-01-01

There is growing worldwide interest in the use of market-based policy instruments for climate change regulation in the electricity sector. These mechanisms would seem to offer some efficiency and flexibility advantages over more traditional regulatory approaches, while being highly compatible with competitive market-based electricity industries. Australia has been an early and enthusiastic adopter of both electricity industry restructuring and market-based environmental instruments. This paper first outlines some of these recent policy developments. In particular, we describe the objectives, design and outcomes to date of electricity industry restructuring, the Mandatory Renewable Energy Target, the NSW Greenhouse Benchmarks, the Queensland 13% Gas scheme and Government accredited Green Power. From this, we draw some key design lessons for such market-based instruments. These include the perils of abstraction in scheme design, the vital importance of setting appropriate baselines in 'baseline and credit' schemes, the possibility that such measures may interact in ways that reduce their environmental effectiveness, 'market for lemon' risks with tradable instruments that have measurement, verification or 'additionality' difficulties, and the challenges of creating transparent liquid markets for these mechanisms. The mixed performance of these Australian schemes to date illustrates the need for great care in designing such market-based approaches

Some design lessons from market-based greenhouse gas regulation in the restructured Australian electricity industry

Energy Technology Data Exchange (ETDEWEB)

MacGill, Iain [School of Electrical Engineering and Telecommunications, University of New South Wales, Sydney NSW 2052 (Australia)] e-mail: i.macgill@unsw.edu.au; Outhred, Hugh [School of Electrical Engineering and Telecommunications, University of New South Wales, Sydney NSW 2052 (Australia); Nolles, Karel [School of Electrical Engineering and Telecommunications, University of New South Wales, Sydney NSW 2052 (Australia)

2006-01-01

There is growing worldwide interest in the use of market-based policy instruments for climate change regulation in the electricity sector. These mechanisms would seem to offer some efficiency and flexibility advantages over more traditional regulatory approaches, while being highly compatible with competitive market-based electricity industries. Australia has been an early and enthusiastic adopter of both electricity industry restructuring and market-based environmental instruments. This paper first outlines some of these recent policy developments. In particular, we describe the objectives, design and outcomes to date of electricity industry restructuring, the Mandatory Renewable Energy Target, the NSW Greenhouse Benchmarks, the Queensland 13% Gas scheme and Government accredited Green Power. From this, we draw some key design lessons for such market-based instruments. These include the perils of abstraction in scheme design, the vital importance of setting appropriate baselines in 'baseline and credit' schemes, the possibility that such measures may interact in ways that reduce their environmental effectiveness, 'market for lemon' risks with tradable instruments that have measurement, verification or 'additionality' difficulties, and the challenges of creating transparent liquid markets for these mechanisms. The mixed performance of these Australian schemes to date illustrates the need for great care in designing such market-based approaches.

Some design lessons from market-based greenhouse gas regulation in the restructured Australian electricity industry

Energy Technology Data Exchange (ETDEWEB)

Iain MacGill; Hugh Outhred; Karel Nolles [University of New South Wales, Sydney, NSW (Australia). School of Electrical Engineering & Telecommunications

2006-01-01

There is growing worldwide interest in the use of market-based policy instruments for climate change regulation in the electricity sector. These mechanisms would seem to offer some efficiency and flexibility advantages over more traditional regulatory approaches, while being highly compatible with competitive market-based electricity industries. Australia has been an early and enthusiastic adopter of both electricity industry restructuring and market-based environmental instruments. This paper first outlines some of these recent policy developments. It then describes the objectives, design and outcomes to date of electricity industry restructuring, the Mandatory Renewable Energy Target, the NSW Greenhouse Benchmarks, the Queensland 13% Gas scheme and Government accredited Green Power. From this, some key design lessons are drawn for such market-based instruments. These include the perils of abstraction in scheme design, the vital importance of setting appropriate baselines in 'baseline and credit' schemes, the possibility that such measures may interact in ways that reduce their environmental effectiveness, 'market for lemon' risks with tradable instruments that have measurement, verification or 'additionality' difficulties, and the challenges of creating transparent liquid markets for these mechanisms. The mixed performance of these Australian schemes to date illustrates the need for great care in designing such market-based approaches. 36 refs., 2 figs.

Fiber optics for voltage and current measurement; Utilizacion de fibras opticas en la medicion de voltaje y corriente

Energy Technology Data Exchange (ETDEWEB)

Mendieta Jimenez, Francisco Javier; Santos Dominguez, Martin; Gutierrez Martinez, Celso [Instituto de Investigaciones Electricas, Cuernavaca (Mexico)

1988-12-31

This paper offers a brief revision of the techniques employed in the voltage and current measurement in power plants and mention is made also of its main limitations. Likewise the optical methods of transduction of the mentioned electrical variables indicating their advantages and difficulties for its implementation. Finally the activities developed at the Instituto de Investigaciones Elctricas (IIE) in this field are described. [Espanol] En este trabajo se ofrece una breve revision de las tecnicas utilizadas en la medicion de voltaje y corriente en plantas electricas y se mencionan sus principales limitaciones. Asimismo, se presentan los metodos opticos de transduccion de las variables electricas mencionadas, indicando sus ventajas y las dificultades para su realizacion. Finalmente, se describen las actividades que se desarrollan en el Instituto de Investigaciones Electricas (IIE) en este campo.

Electricity market pricing, risk hedging and modeling

Science.gov (United States)

Cheng, Xu

In this dissertation, we investigate the pricing, price risk hedging/arbitrage, and simplified system modeling for a centralized LMP-based electricity market. In an LMP-based market model, the full AC power flow model and the DC power flow model are most widely used to represent the transmission system. We investigate the differences of dispatching results, congestion pattern, and LMPs for the two power flow models. An appropriate LMP decomposition scheme to quantify the marginal costs of the congestion and real power losses is critical for the implementation of financial risk hedging markets. However, the traditional LMP decomposition heavily depends on the slack bus selection. In this dissertation we propose a slack-independent scheme to break LMP down into energy, congestion, and marginal loss components by analyzing the actual marginal cost of each bus at the optimal solution point. The physical and economic meanings of the marginal effect at each bus provide accurate price information for both congestion and losses, and thus the slack-dependency of the traditional scheme is eliminated. With electricity priced at the margin instead of the average value, the market operator typically collects more revenue from power sellers than that paid to power buyers. According to the LMP decomposition results, the revenue surplus is then divided into two parts: congestion charge surplus and marginal loss revenue surplus. We apply the LMP decomposition results to the financial tools, such as financial transmission right (FTR) and loss hedging right (LHR), which have been introduced to hedge against price risks associated to congestion and losses, to construct a full price risk hedging portfolio. The two-settlement market structure and the introduction of financial tools inevitably create market manipulation opportunities. We investigate several possible market manipulation behaviors by virtual bidding and propose a market monitor approach to identify and quantify such

Prediction Markets

DEFF Research Database (Denmark)

Horn, Christian Franz; Ivens, Bjørn Sven; Ohneberg, Michael

2014-01-01

In recent years, Prediction Markets gained growing interest as a forecasting tool among researchers as well as practitioners, which resulted in an increasing number of publications. In order to track the latest development of research, comprising the extent and focus of research, this article...... provides a comprehensive review and classification of the literature related to the topic of Prediction Markets. Overall, 316 relevant articles, published in the timeframe from 2007 through 2013, were identified and assigned to a herein presented classification scheme, differentiating between descriptive...... works, articles of theoretical nature, application-oriented studies and articles dealing with the topic of law and policy. The analysis of the research results reveals that more than half of the literature pool deals with the application and actual function tests of Prediction Markets. The results...

Coordination of bidding strategies in day-ahead energy and spinning reserve markets

International Nuclear Information System (INIS)

Fushuan Wen; David, A.K.

2002-01-01

In this paper, the problem of building optimally coordinated bidding strategies for competitive suppliers in day-ahead energy and spinning reserve markets is addressed. It is assumed that each supplier bids 24 linear energy supply functions and 24 linear spinning reserve supply functions, one for each hour, into the energy and spinning reserve markets, respectively, and each market is cleared separately and simultaneously for all the 24 delivery hours. Each supplier makes decisions on unit commitment and chooses the coefficients in the linear energy and spinning reserve supply functions to maximise total benefits, subject to expectations about how rival suppliers will bid in both markets. Two different bidding schemes have been suggested for each hour, and based on them an overall coordinated bidding strategy in the day-ahead energy and spinning reserve market is then developed. Stochastic optimisation models are first developed to describe these two different bidding schemes and a genetic algorithm (GA) is then used to build the optimally coordinated bidding strategies for each scheme and to develop an overall bidding strategy for the day-ahead energy and spinning reserve markets. A numerical example is utilised to illustrate the essential features of the method. (Author)

EFECTOS DEL DEBIDO PROCESO EN LA FORMULACIÓN DE LA NIIF 13: MEDICIONES A VALOR RAZONABLE

Directory of Open Access Journals (Sweden)

MARTHA LILIANA ARIAS BELLO

2012-01-01

Full Text Available La NIIF 13 es el resultado de un extenso período de deliberación y socialización de planteamientos, orientados a definir los criterios de las mediciones a valor razonable. Esta norma surge en el proceso de convergencia adelantado entre IASB y FASB, como respuesta a una necesidad de homogeneizar las bases de esta medición, dado que su aplicación es transversal en el conjunto de Normas Internacionales de Información Financiera. Para tal fin, el debido proceso se convierte en un mecanismo para legitimar las prácticas que se esperan sean de aplicación universal. El presente documento analiza la evolución de los planteamientos conceptuales y técnicos de la NIIF 13, a partir de los desarrollos evidenciados desde el borrador de discusión de 2006. Como resultado, se evidencian los efectos derivados del debido proceso en las premisas que finalmente quedaron incorporadas en la norma definitiva.

A multi-criteria evaluation framework for tradable white certificate schemes

International Nuclear Information System (INIS)

Mundaca, Luis; Neij, Lena

2009-01-01

Recent years have witnessed regained political momentum on energy efficiency and interest in establishing markets is growing. As a result, Tradable White Certificate (TWC) schemes of differing design have been implemented in Great Britain, Italy and France. Much attention is being paid to justifying and evaluating such schemes. In this paper, we develop and apply a multi-criteria framework for evaluating TWC schemes-an approach that attempts to cover their individual design features. A broad evaluation is conducted regarding energy-saving and environmental effectiveness, economic efficiency, cost-effectiveness, transaction costs, political feasibility, administrative burden and technical change. The results show the design and performance of TWC schemes to be case and context-specific, and generalisations are thus inappropriate. This evaluation supports the cost-effectiveness modelled for the British scheme and the assumption that a TWC scheme is an economically efficient policy instrument. For the other, more complex TWC schemes, more data and experience are needed to judge their ex-post merit. On the whole, the proposed multi-criteria evaluation requires considerable data and complementary methods. However, the framework improves the understanding of the broad effects and attributes of TWC schemes. It deals with various empirical and normative aspects that can be applied in their evaluation.

Panorama 2014 - Overview of new carbon markets at international level

International Nuclear Information System (INIS)

Coussy, Paula

2013-12-01

Although carbon prices on the European Emissions Trading Scheme (ETS) are at their lowest since 2008 and international negotiations in relation to the United Nations Framework Convention on Climate Change have been stagnating since the 2009 Copenhagen Agreement, nearly seventeen emissions trading markets have been identified at international level. Without counting the European ETS which has existed since 2005, eleven new markets have emerged since 2008 and a further five are set to commence trading in 2014. Of these eleven active markets, five are in Asia, three are in North America, one is in Oceania, one is in Central Asia and one is in Europe. It should be pointed out that to date, no markets are scheduled to begin trading in Africa. Although four markets have announced their intention to work together between now and 2020, the creation of an international emissions trading scheme is not on the immediate horizon. (author)

An explanation of carbon emission markets

International Nuclear Information System (INIS)

2009-01-01

After having outlined the necessity to drastically reduce anthropic carbon emissions, and discussed how to associate standards, taxes and quota markets, the authors describe how carbon emission markets have emerged: the Kyoto protocol, the emission trade scheme (ETS) of the European Union, other carbon markets (existing or in preparation). They introduce and present four pillars of carbon emission markets: the allocation process, the reliability of emission measurement and control, market records and transparency, and introduction of flexibility. They examine the possibility of success in the development of a greenhouse gas emission market. The authors discuss the problems raised by a design of carbon markets by government and their use by private actors, how to connect existing or future regional carbon markets, the integration of forest and agriculture through new compensatory mechanisms, how to face carbon leaks by widening carbon markets

Evaluating Labour Market Effects of Wage Subsidies for the Disabled -The Danish Flexjobs Scheme

DEFF Research Database (Denmark)

Datta Gupta, Nabanita; Larsen, Mona

2010-01-01

We evaluate the employment and disability exit effects of a wage subsidy program for the disabled in a setting characterized by universal health insurance and little employment protection. We focus on the Danish Flexjob scheme that was introduced in 1998 and targeted towards improving the employm......We evaluate the employment and disability exit effects of a wage subsidy program for the disabled in a setting characterized by universal health insurance and little employment protection. We focus on the Danish Flexjob scheme that was introduced in 1998 and targeted towards improving...... the employment prospects of the long-term disabled with partial working capacity. We find a substantial, positive employment effect of the scheme in the 1994-2001 period within the target group compared to a control group of closely matched ineligibles, but no discernable effects on the probability of disability...... exit. For the target group employment probability is raised by 33 pct. points after the scheme is introduced relative to a mean employment rate at baseline of 44%. One explanation for a strong employment entry effect concomitant with a non-existent disability exit effect could be that subsidized jobs...

Influence of the Emissions Trading Scheme on generation scheduling

International Nuclear Information System (INIS)

Kockar, Ivana; McDonald, James R.; Conejo, Antonio J.

2009-01-01

The paper investigates the effects of emissions constraints and Emissions Trading Scheme (ETS) on the generation scheduling outcome. ETS is a cap-and-trade market mechanism that has been introduced in European Union in order to facilitate CO 2 emissions management. This scheme gives generators certain amount of CO 2 allowances which they can use to cover emissions produced during energy generation. In a current setting, most of the allowances are given for free. However, under ETS generators also have an opportunity to buy and sell CO 2 allowances on the market. Since generation power outputs are bounded by the amount of CO 2 emissions that they are allowed to produce over time, it is becoming increasingly important for generating units to manage their allocations in the most profitable way and decide when and how much of permissions to spent to produce electricity. The method proposed here allows for modeling of this new limitation by including costs of buying and selling of CO 2 allowance in the generation scheduling procedure. It also introduces additional emissions constraints in the problem formulation. Although CO 2 permissions and energy are traded in separate markets, the proposed formulation permits analysis on how emission caps and emission market prices can influence market outcome. The method is illustrated on a 5-unit system. Given examples compare (i) a base-case when all generators have made a decision to use portions of their total free allocations that do not cause any shortfall during the investigated time period; (ii) two cases when the least expensive generators' decisions on the amount of free allowances they are willing to use during the considered period are insufficient. In all cases generators also submit prices at which they expect to be able to ''top-up'' or sell allowances on the market, however, only in the second and third case the ''buying'' option becomes active and affects generation scheduling and total costs. In addition, the

CO2 trade and market power in the EU electricity sector

International Nuclear Information System (INIS)

Tinggaard Svendsen, G.; Vesterdal, M.

2002-01-01

The EU commission is planning to launch an emission trading market for greenhouse gases within near future. This to meet its obligations under the United Nations Framework Convention on Climate Change and the Kyoto Protocol. After a theoretical discussion on market power in such a market, wc turn to the empirical evidence which suggests that a reasonable number of sources of C02 emissions in the power sector exists for bollers larger than 25MW. Overall, together with the contestable single market for electricity, the risk of significant strategies behaviour seems negligible. Thus, the electric utility sector seems a suitable testing ground for an EU-scheme of emissions trading. In the longer run, it will be important to broaden the scope of the trading scheme as the inclusion of other sectors will further limit the risk of market power. (au)

CO2 trade and market power in the EU electricity sector

Energy Technology Data Exchange (ETDEWEB)

Tinggaard Svendsen, G; Vesterdal, M

2002-07-01

The EU commission is planning to launch an emission trading market for greenhouse gases within near future. This to meet its obligations under the United Nations Framework Convention on Climate Change and the Kyoto Protocol. After a theoretical discussion on market power in such a market, wc turn to the empirical evidence which suggests that a reasonable number of sources of C02 emissions in the power sector exists for bollers larger than 25MW. Overall, together with the contestable single market for electricity, the risk of significant strategis behaviour seems negligible. Thus, the electric utility sector seems a suitable testing ground for an EU-scheme of emissions trading. In the longer run, it will be important to broaden the scope of the trading scheme as the inclusion of other sectors will further limit the risk of market power. (au)

Market performance and distributional effects on renewable energy markets

International Nuclear Information System (INIS)

Koutstaal, P.; Bijlsma, M.; Zwart, G.; Van Tilburg, X.; Ozdemir, O.

2009-08-01

A renewable obligation (RO) combined with tradable renewable energy certificates is a market-based instrument used to promote the production of electricity from renewable energy sources. A renewable obligation is an alternative for subsidies. A renewable obligation will only be an efficient instrument if certificate markets are efficient. This requires that there is no market power and no anti-competitive behaviour on the certificate market. If the current developments in Dutch renewable energy production continue, market power on a future renewable certificate market in the Netherlands will probably not be an issue, even if the RO should only rest on the retail market instead of on the whole electricity market. A renewable obligation will raise the retail price for consumers, thereby reducing consumer surplus. Simulations show that the retail electricity price increases with 30 euro per MWh to a level of 104 euro per MWh in case of a 30% renewable target. Consumer surplus is reduced with 19% compared to the baseline scenario. In contrast, a subsidy such as the Dutch SDE (Promoting Renewable Energy scheme or 'Stimulering Duurzame Energie') which is financed from the state budget has the effect to (slightly) lower the retail electricity price, thereby increasing consumer surplus. It should however be realised that the costs of the subsidy will indirectly affect electricity consumers through their tax payments.

Trading scheme 'key' to low-carbon economy

International Nuclear Information System (INIS)

2006-01-01

Federal Opposition Leader Kim Beazley has emphasised the importance of getting the economics of environmental policy right by introducing market-based mechanisms for pricing emissions. 'Market-based mechanisms such as emissions trading are central to moving to a low-carbon economy,' he said in his latest blueprint. 'A functioning carbon market will deliver a price signal, so there is a long-term incentive to cut emissions further, and a mechanism for trading, so that energy can be allocated efficiently in the economy. It will also encourage greater private investment in clean energy technology.' Mr Beazley said the new market would also reward the many companies who were already adapting to a carbon-constrained world. 'This includes those global companies in Australia that already operate in emissions trading markets overseas. An effective price signal for carbon in Australia will allow these companies to benefit directly from their good corporate citizenship and long-term vision.' Mr Beazley has committed a federal Labor government to work with state governments and business to establish the national trading scheme. He also criticised the Federal Government for refusing to ratify the Kyoto Protocol, which he argued excluded Australian businesses from participating in the emerging global carbon trade. This made it harder for businesses to break into the market for cleaner production technologies overseas. While again admitting Kyoto was not perfect, Mr Beazley said ratification would see Australia part of what would potentially be 'the biggest market in the world by 2020'. He said the recent Asia Pacific Climate Change Pact was a positive step but was not an alternative to Kyoto. 'Above all, it has no economic mechanisms to drive further change. 'Without ratifying Kyoto some of our businesses are missing out on effective participation in international schemes that offer substantial financial rewards for greenhouse gas reductions. 'By ratifying Kyoto and adopting

Additive operator-difference schemes splitting schemes

CERN Document Server

Vabishchevich, Petr N

2013-01-01

Applied mathematical modeling isconcerned with solving unsteady problems. This bookshows how toconstruct additive difference schemes to solve approximately unsteady multi-dimensional problems for PDEs. Two classes of schemes are highlighted: methods of splitting with respect to spatial variables (alternating direction methods) and schemes of splitting into physical processes. Also regionally additive schemes (domain decomposition methods)and unconditionally stable additive schemes of multi-component splitting are considered for evolutionary equations of first and second order as well as for sy

A predictive control scheme for real-time demand response applications

NARCIS (Netherlands)

Lampropoulos, I.; Baghina, N.G.; Kling, W.L.; Ribeiro, P.F.

2013-01-01

In this work, the focus is placed on the proof of concept of a novel control scheme for demand response. The control architecture considers a uniform representation of non-homogeneous distributed energy resources and allows the participation of virtually all system users in electricity markets. The

Price-Taker Offering Strategy in Electricity Pay-as-Bid Markets

DEFF Research Database (Denmark)

Mazzi, Nicolò; Kazempour, Jalal; Pinson, Pierre

2017-01-01

The recent increase in the deployment of renewable energy sources may affect the offering strategy of conventional producers, mainly in the balancing market. The topics of optimal offering strategy and self-scheduling of thermal units have been extensively addressed in the literature. The feasible...... operating region of such units can be modeled using a mixed-integer linear programming approach, and the trading problem as a linear programming problem. However, the existing models mostly assume a uniform pricing scheme in all market stages, while several European balancing markets (e.g., in Germany...... and Italy) are settled under a pay-as-bid pricing scheme. The existing tools for solving the trading problem in pay-as-bid electricity markets rely on non-linear optimization models, which, combined with the unit commitment constraints, result in a mixed-integer non-linear programming problem. In contrast...

Electricity Consumption Forecasting Scheme via Improved LSSVM with Maximum Correntropy Criterion

OpenAIRE

Jiandong Duan; Xinyu Qiu; Wentao Ma; Xuan Tian; Di Shang

2018-01-01

In recent years, with the deepening of China’s electricity sales side reform and electricity market opening up gradually, the forecasting of electricity consumption (FoEC) becomes an extremely important technique for the electricity market. At present, how to forecast the electricity accurately and make an evaluation of results scientifically are still key research topics. In this paper, we propose a novel prediction scheme based on the least-square support vector machine (LSSVM) model with a...

A new computational method for reactive power market clearing

International Nuclear Information System (INIS)

Zhang, T.; Elkasrawy, A.; Venkatesh, B.

2009-01-01

After deregulation of electricity markets, ancillary services such as reactive power supply are priced separately. However, unlike real power supply, procedures for costing and pricing reactive power supply are still evolving and spot markets for reactive power do not exist as of now. Further, traditional formulations proposed for clearing reactive power markets use a non-linear mixed integer programming formulation that are difficult to solve. This paper proposes a new reactive power supply market clearing scheme. Novelty of this formulation lies in the pricing scheme that rewards transformers for tap shifting while participating in this market. The proposed model is a non-linear mixed integer challenge. A significant portion of the manuscript is devoted towards the development of a new successive mixed integer linear programming (MILP) technique to solve this formulation. The successive MILP method is computationally robust and fast. The IEEE 6-bus and 300-bus systems are used to test the proposed method. These tests serve to demonstrate computational speed and rigor of the proposed method. (author)

Processes of Middle-Class Reproduction in a Graduate Employment Scheme

Science.gov (United States)

Smart, Sarah; Hutchings, Merryn; Maylor, Uvanney; Mendick, Heather; Menter, Ian

2009-01-01

Teach First is an educational charity that places graduates to teach in "challenging" schools for two years. It is marketed as an opportunity to develop employability while "making a difference". In this paper, I examine the process of class reproduction occurring in this graduate employment scheme through examining the…

A network approach to overcoming barriers to market engagement for SMEs in energy efficiency initiatives such as the Green Deal

International Nuclear Information System (INIS)

O’Keeffe, Juliette M.; Gilmour, Daniel; Simpson, Edward

2016-01-01

The Green Deal (GD) was launched in 2013 by the UK Government as a market-led scheme to encourage uptake of energy efficiency measures in the UK and create green sector jobs. The scheme closed in July 2015 after 30 months due to government concerns over low uptake and industry standards but additional factors potentially contributed to its failure such as poor scheme design and lack of understanding of the customer and supply chain journey. We explore the role of key delivery agents of GD services, specifically SMEs, and we use the LoCal-Net project as a case study to examine the use of networks to identify and reduce barriers to SME market engagement. We find that SMEs experienced multiple barriers to interaction with the GD such as lack of access to information, training, and confusion over delivery of the scheme but benefited from interaction with the network to access information, improve understanding of the scheme, increasing networking opportunities and forming new business models and partnerships to reduce risk. The importance of SMEs as delivery agents and their role in the design of market-led schemes such as the GD are discussed with recommendations for improving SME engagement in green sector initiatives. - Highlights: • The role of delivery agents should be addressed in voluntary energy reduction schemes. • SMEs attempting to engage in the Green Deal market faced multiple barriers. • Networks can assist in overcoming SME barriers to entry into new green sector markets. • Access to information, contacts and experts are key benefits of business networks. • Policy driven market-led schemes must consider all actors to prevent early failures.

China’s electric vehicle subsidy scheme: Rationale and impacts

International Nuclear Information System (INIS)

Hao, Han; Ou, Xunmin; Du, Jiuyu; Wang, Hewu; Ouyang, Minggao

2014-01-01

To promote the market penetration of electric vehicles (EV), China launched the Electric Vehicle Subsidy Scheme (EVSS) in Jan 2009, followed by an update in Sep 2013, which we named phase I and phase II EVSS, respectively. In this paper, we presented the rationale of China’s two-phase EVSS and estimated their impacts on EV market penetration, with a focus on the ownership cost analysis of battery electric passenger vehicles (BEPV). Based on the ownership cost comparison of five defining BEPV models and their counterpart conventional passenger vehicle (CPV) models, we concluded that in the short term, especially before 2015, China’s EVSS is very necessary for BEPVs to be cost competitive compared with CPVs. The transition from phase I to phase II EVSS will generally reduce subsidy intensity, thus resulting in temporary rise of BEPV ownership cost. However, with the decrease of BEPV manufacturing cost, the ownership cost of BEPV is projected to decrease despite of the phase-out mechanism under phase II EVSS. In the mid term of around 2015–2020, BEPV could become less or not reliant on subsidy to maintain cost competitiveness. However, given the performance disadvantages of BEPV, especially the limited electric range, China’s current EVSS is not sufficient for the BEPV market to take off. Technology improvement associated with battery cost reduction has to play an essential role in starting up China’s BEPV market. - Highlights: • China’s phase I and phase II electric vehicle subsidy schemes were reviewed. • Major electric vehicle models in China’s vehicle market were reviewed. • The ownership costs of five defining electric passenger vehicle models were compared. • Policies to promote electric vehicle deployment in China were discussed

How much market do market-based instruments create? An analysis for the case of 'white' certificates

International Nuclear Information System (INIS)

Langniss, Ole

2003-01-01

Discussions about 'green' certificates for renewable energy forms are under way for some time now. In contrast, tradable 'white' certificates have only lately been celebrated as a market-based tool to foster energy efficiency. Theoretically, there is little doubt about this. In practice, however, some fundamental problems and doubts about the usefulness of certificates arise: How 'competitive' are markets for certificates in reality? Is a 'white' certificate scheme only a new name for an old hat rooted in control and command regulation? With this suspicion, a number of questions and aspects arise: - Market mechanism: Which criteria guarantee that an - artificial - market for certificates really becomes competitive? Will trading be characterized by spot markets or by rather anti-competitive long-term over-the-counter contracts? Which minimum market size is needed, and which are the conditions regarding the tradability of the certificate that have to be met? - Target group: Who should be obliged to purchase certificates? Are electricity suppliers the right target group, or should fuel and heat suppliers be addressed, or the consumer himself? - Additionality and measurability: Which efficiency technologies should be eligible for certificates? What exactly is an efficient technology? A narrow definition might ease measuring problems but at the same time reduce innovation incentives. We use the theoretical framework of Transaction Cost Economics to discuss these issues. A brief review of the design of tradable certificate schemes in Italy and the UK is given. Lessons can also be learned from renewable portfolio standards recently implemented in a number of countries

Expanding health insurance scheme in the informal sector in Nigeria: awareness as a potential demand-side tool.

Science.gov (United States)

Adewole, David Ayobami; Akanbi, Saidat Abisola; Osungbade, Kayode Omoniyi; Bello, Segun

2017-01-01

The implementation and expansion of a health insurance scheme in the informal sector, particularly in developing countries, is a challenge. With the aid of an innovative Information-Education and Communication model, titled 'Understanding the concept of health insurance: An innovative social marketing tool', an assessment of the awareness and perception of the scheme among market women was carried out. This is a cross-sectional descriptive survey, carried out among market women in Ibadan, Nigeria. In a multi-stage sampling technique, a total of 351 women were interviewed using an interviewer-administered, semi-structured questionnaire. The data was analysed using SPSS version 16. Chi-square test was used to test associations between selected variables of interest. Logistic regression model was used to determine predictors of awareness of the National Health Insurance Scheme (NHIS). A model controlling for participants' enrolment status was built and Adjusted Odds Ratio (AOR) reported. Level of statistical significance was set at p market women aged 18 years and above participated in the study, a response rate of 98.0%. Respondents' educational status was the only predictor significantly associated with awareness of the NHIS. Respondents with post-primary education had 10 times the odds of being aware of the NHIS than respondents with no education or only primary education (Adjusted Odds Ratio = 10.3; 95% CI = 4.1-26.0). Innovative models to enable potential beneficiaries, especially among the informal sector, to better comprehend and accept the concept of prepayment methods of financing healthcare costs is important in efforts to implement and expand a social health insurance scheme.

Carbon trading: Current schemes and future developments

International Nuclear Information System (INIS)

Perdan, Slobodan; Azapagic, Adisa

2011-01-01

This paper looks at the greenhouse gas (GHG) emissions trading schemes and examines the prospects of carbon trading. The first part of the paper gives an overview of several mandatory GHG trading schemes around the world. The second part focuses on the future trends in carbon trading. It argues that the emergence of new schemes, a gradual enlargement of the current ones, and willingness to link existing and planned schemes seem to point towards geographical, temporal and sectoral expansion of emissions trading. However, such expansion would need to overcome some considerable technical and non-technical obstacles. Linking of the current and emerging trading schemes requires not only considerable technical fixes and harmonisation of different trading systems, but also necessitates clear regulatory and policy signals, continuing political support and a more stable economic environment. Currently, the latter factors are missing. The global economic turmoil and its repercussions for the carbon market, a lack of the international deal on climate change defining the Post-Kyoto commitments, and unfavourable policy shifts in some countries, cast serious doubts on the expansion of emissions trading and indicate that carbon trading enters an uncertain period. - Highlights: → The paper provides an extensive overview of mandatory emissions trading schemes around the world. → Geographical, temporal and sectoral expansion of emissions trading are identified as future trends. → The expansion requires considerable technical fixes and harmonisation of different trading systems. → Clear policy signals, political support and a stable economic environment are needed for the expansion. → A lack of the post-Kyoto commitments and unfavourable policy shifts indicate an uncertain future for carbon trading.

ENcentive: A Framework for Intelligent Marketing in Mobile Peer-To-Peer Environments

National Research Council Canada - National Science Library

Ratsimor, Olga; Finin, Tim; Joshi, Anupam; Yesha, Yelena

2005-01-01

.... eNcentive facilitates peer-to-peer electronic marketing in mobile ad hoc environments. Our framework employs an intelligent marketing scheme, by providing users the capability to collect information like sales promotions and discounts...

The case for a new capacity mechanism in the UK electricity market-Lessons from Australia and New Zealand

International Nuclear Information System (INIS)

Carstairs, Jamie; Pope, Ian

2011-01-01

The UK Government plans a capacity mechanism to ensure sufficient reserves as the share of intermittent generation increases. This article reviews the use of last resort capacity mechanisms in two other energy-only markets, Australia and New Zealand. The Australian National Electricity Market has infrequent price spikes up to A$12,500 ( Pounds 7800)/MWh. Option contracts have supported significant investment in peak capacity. The system operator also has an ability to contract reserve up to 9 months before projected shortfalls. Reserve has been contracted on two occasions but never dispatched. The New Zealand electricity market includes a reserve energy scheme which allows the system operator to contract and dispatch reserve capacity. One plant has been contracted under the scheme. The plant is currently offered into the market at NZ$5000 ( Pounds 2300)/MWh. In both markets there have been concerns that reserve schemes could reduce the frequency of high prices and damage price signals for peak investment. Following a Ministerial review in 2009 the New Zealand scheme is being closed down and the plant is for sale. The Australian scheme is to be closed down in 2013. This experience raises concerns about the possible impact of a new capacity mechanism in Great Britain. - Highlights: → The UK is considering a capacity mechanism targeted at new generation and dispatched as a last resort. → Australia and New Zealand are shutting down reserve schemes due to impact on investment incentives. → This shows that energy only markets can deliver sufficient reserves without a capacity mechanism. → An optimal response may be to ensure price signals are strong enough to ensure necessary investment. → If price signals are too weak a market wide response would be preferable to a targeted mechanism.

Environmental marketing within organic agriculture system management

OpenAIRE

O. Shkuratov; V. Kyporenko

2015-01-01

This paper deals with economic content of environmental marketing in the management system organic agriculture that allows operators of organic market to effectively plan the production of organic agricultural products and ensure the optimal balance between social and economic indicators throughout the life cycle of the product. Structural-logical scheme on the formation of environmentally oriented motivation of organic agricultural products consumer behavior has been grounded.

Balancing renewable on intra day electricity markets

International Nuclear Information System (INIS)

Sokol, R.; Bems, J.

2012-01-01

Intra day electricity markets contribute to facilitate transition from conventional sources to renewable which need to be balanced on real-time basic due to the unpredictable nature of weather. This paper describes the way from regional electricity markets to a single pan-european market model which is target model of the European Commission. Single liquid intra day electricity market where market participants can balance their portfolios is prerequisite to a full utilisation of renewable power sources and a solution for some problems experienced by TSOs with loop and parallel flows from neighbouring countries. Integrated German and French intra day electricity market which uses Flexible Intra day Trading Scheme is described in this paper as a market which could be extended further to the CEE region with very poor liquidity of its local intra day markets. (Authors)

Carbon trading thickness and market efficiency

International Nuclear Information System (INIS)

Montagnoli, Alberto; De Vries, Frans P.

2010-01-01

This note tests for the efficient market hypothesis (EMH) in the market for CO 2 emission allowances in Phase I and Phase II of the European Union Emissions Trading Scheme (EU ETS). As usually is the case in emerging and non-competitive markets such as the EU ETS, trading often not occurs on a frequent basis. This has adverse implications for both the gains from permit trade as well as biases the EMH tests. Variance ratio tests are employed to adjust for the thin trading effect. The results indicate that Phase I - the trial and learning period - was inefficient, whereas the first period under Phase II shows signs of restoring market efficiency. (author)

Evaluating Labour Market Effects of Wage Subsidies for the Disabled – the Danish Flexjob Scheme

DEFF Research Database (Denmark)

Datta Gupta, Nabanita; Larsen, Mona

We evaluate the employment and disability exit effects of a wage subsidy program for the disabled in a setting characterized by universal health insurance and little employment protection. We focus on the Danish Flexjob scheme that was introduced in 1998 and targeted towards improving the employm......We evaluate the employment and disability exit effects of a wage subsidy program for the disabled in a setting characterized by universal health insurance and little employment protection. We focus on the Danish Flexjob scheme that was introduced in 1998 and targeted towards improving...... the employment prospects of the long-term disabled with partial working capacity. We find a substantial, positive employment effect of the scheme in the 1994-2001 period within the target group compared to a control group of closely matched ineligibles, but no discernable effects on the probability of disability...... exit. For the target group employment probability is raised by 33 pct. points after the scheme is introduced relative to a mean employment rate at baseline of 44%. One explanation for a strong employment entry effect concomitant with a non-existent disability exit effect could be that subsidized jobs...

Redefining RECs-Part 2: Untangling certificates and emission markets

International Nuclear Information System (INIS)

Gillenwater, Michael

2008-01-01

Renewable energy and greenhouse gas emissions markets are currently in a state of confusion regarding the treatment of Renewable Energy Certificate (RECs). How should emission-trading schemes treat RECs? How can emission mitigation policies provide real incentives for renewable generation? The objective of REC markets should be to promote additional renewable energy investments. The author asserts that defining RECs in terms of attributes, especially off-site attributes, does not further this goal. Ambiguous language such as 'environmental attribute' or 'environmental benefit' creates confusion in the marketplace while failing to address the relevant coordination issues with Renewable Portfolio Standard compliance markets, voluntary emission offset markets, or emission cap-and-trade markets. Specifically, defining RECs in terms of off-site attributes creates a number of problems, including that once an emissions cap-and-trade scheme is in place, such definitions of a REC can become indefensible. The author proposes to redefine RECs in terms of on-site attributes, which resolves the aforementioned problems and allows compliance and voluntary renewable energy and emission markets to function without conflicts. Ideally, environmental commodities should be homogeneous, first best measures of the relevant environmental good, as well as easily measured and verified. The author proposes tradable environmental commodities that achieve these characteristics

Behavioural assumptions in labour economics: Analysing social security reforms and labour market transitions

OpenAIRE

van Huizen, T.M.

2012-01-01

The aim of this dissertation is to test behavioural assumptions in labour economics models and thereby improve our understanding of labour market behaviour. The assumptions under scrutiny in this study are derived from an analysis of recent influential policy proposals: the introduction of savings schemes in the system of social security. A central question is how this reform will affect labour market incentives and behaviour. Part I (Chapter 2 and 3) evaluates savings schemes. Chapter 2 exam...

Building Trust in Emissions Reporting. Global Trends in Emissions Trading Schemes

Energy Technology Data Exchange (ETDEWEB)

Kruijd, J.; Walrecht, A.; Laseur, J.; Schoolderman, H.; Gledhill, R.

2007-02-15

This report highlights the key characteristics of the world's main emission trading schemes, presents a new vision for compliance in emissions trading and calls for global action to develop this. Climate change is now at the top of the political and business agenda. Al Gore's 'An Inconvenient Truth', the Stern Review and the now almost daily press coverage of climate change science and impacts have engaged many of the global leaders in government and in business. Emissions trading is increasingly seen as a central plank in the response to climate change. But market mechanisms like this depend on trust and confidence. Any widespread or systemic failure, as a result of deficient monitoring and reporting, flawed compliance processes or fraud, could undermine confidence in markets and regulation and jeopardise the crucial policy goals that they are designed to address. Key to this trust are the three central criteria of transparency, accountability and integrity. The PricewaterhouseCoopers report looks at how the patchwork of trading schemes that are emerging around the globe stacks up against these criteria. Despite good intentions across the board, the general picture is one of new and immature markets, inconsistent and complex compliance frameworks and risk. PricewaterhouseCoopers make the case for urgent and coordinated action to develop a framework of generally accepted principles and practice that will underpin trust and efficiency in these new markets - in effect, a new Global Emissions Compliance Language.

Building Trust in Emissions Reporting. Global Trends in Emissions Trading Schemes

International Nuclear Information System (INIS)

Kruijd, J.; Walrecht, A.; Laseur, J.; Schoolderman, H.; Gledhill, R.

2007-02-01

This report highlights the key characteristics of the world's main emission trading schemes, presents a new vision for compliance in emissions trading and calls for global action to develop this. Climate change is now at the top of the political and business agenda. Al Gore's 'An Inconvenient Truth', the Stern Review and the now almost daily press coverage of climate change science and impacts have engaged many of the global leaders in government and in business. Emissions trading is increasingly seen as a central plank in the response to climate change. But market mechanisms like this depend on trust and confidence. Any widespread or systemic failure, as a result of deficient monitoring and reporting, flawed compliance processes or fraud, could undermine confidence in markets and regulation and jeopardise the crucial policy goals that they are designed to address. Key to this trust are the three central criteria of transparency, accountability and integrity. The PricewaterhouseCoopers report looks at how the patchwork of trading schemes that are emerging around the globe stacks up against these criteria. Despite good intentions across the board, the general picture is one of new and immature markets, inconsistent and complex compliance frameworks and risk. PricewaterhouseCoopers make the case for urgent and coordinated action to develop a framework of generally accepted principles and practice that will underpin trust and efficiency in these new markets - in effect, a new Global Emissions Compliance Language

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.

Policy instruments for regulating the development of wind power in a liberated electricity market

Energy Technology Data Exchange (ETDEWEB)

Morthorst, P E [Risoe National Lab., Roskilde (Denmark)

1999-03-01

Wind power is facing the dual challenge of entering a liberated electricity market and at the same time being one of the main contributors to the reduction of greenhouse gas emissions. The paper analyses the importance of the existing standard payment schemes in the development of wind power, and how this might be affected by the introduction of a liberated electricity market. The existing Danish standard payment scheme has strongly encouraged investments in wind turbines. It has been and still is very effective in promoting a high wind power capacity development, but at a high economic cost to the Danish Government. Different models of conditions for wind power at an electricity exchange do exist, but all seem to introduce a higher risk to the individual wind turbine owner than seen with the present payment scheme. In short it might be stated that going from the existing standard payment system to a market based system, the political uncertainty is converted to a market risk for the individual wind turbine owner. (au)

Policy instruments for regulating the development of wind power in a liberated electricity market

International Nuclear Information System (INIS)

Morthorst, P.E.

1999-01-01

Wind power is facing the dual challenge of entering a liberated electricity market and at the same time being one of the main contributors to the reduction of greenhouse gas emissions. The paper analyses the importance of the existing standard payment schemes in the development of wind power, and how this might be affected by the introduction of a liberated electricity market. The existing Danish standard payment scheme has strongly encouraged investments in wind turbines. It has been and still is very effective in promoting a high wind power capacity development, but at a high economic cost to the Danish Government. Different models of conditions for wind power at an electricity exchange do exist, but all seem to introduce a higher risk to the individual wind turbine owner than seen with the present payment scheme. In short it might be stated that going from the existing standard payment system to a market based system, the political uncertainty is converted to a market risk for the individual wind turbine owner. (au)

Policy instruments for regulating the development of wind power in a liberated electricity market

International Nuclear Information System (INIS)

Morthorst, P.E.

1999-01-01

Wind power is facing the dual challenge of entering a liberated electricity market and at the same time being one of the main contributors to the reduction of greenhouse gas emissions. The paper analyses the importance of the existing standard payment schemes in the development of wind power, and how this might be affected by the introduction of a liberated electricity market. The existing Danish standard payment scheme has strongly encouraged investments in wind turbines. It has been and still is very effective in promoting a high wind power capacity development, but at a high economic cost to the Danish Government. Different models of conditions for wind power at an electricity exchange do exist, but all seem to introduce a higher risk to the individual wind turbine owner than seen with the present payment scheme. In short it might be stated that going from the existing standard payment system to a market based system, the political uncertainty is converted to a market risk for the individual wind turbine owner. (author)

A Systems Approach to the Design and Operation of Effective Marketing Programs in Community Colleges.

Science.gov (United States)

Scigliano, John A.

1983-01-01

Presents a research-based marketing model consisting of an environmental scanning process, a series of marketing audits, and an information-processing scheme. Views the essential elements of college marketing as information flow; high-level, long-term commitment; diverse strategies; innovation; and a broad view of marketing. Includes a marketing…

A Unified Trading Model Based on Robust Optimization for Day-Ahead and Real-Time Markets with Wind Power Integration

DEFF Research Database (Denmark)

Jiang, Yuewen; Chen, Meisen; You, Shi

2017-01-01

In a conventional electricity market, trading is conducted based on power forecasts in the day-ahead market, while the power imbalance is regulated in the real-time market, which is a separate trading scheme. With large-scale wind power connected into the power grid, power forecast errors increase...... in the day-ahead market which lowers the economic efficiency of the separate trading scheme. This paper proposes a robust unified trading model that includes the forecasts of real-time prices and imbalance power into the day-ahead trading scheme. The model is developed based on robust optimization in view...... of the undefined probability distribution of clearing prices of the real-time market. For the model to be used efficiently, an improved quantum-behaved particle swarm algorithm (IQPSO) is presented in the paper based on an in-depth analysis of the limitations of the static character of quantum-behaved particle...

Conceptualizing Sustainably Produced Food for Promotional Purposes: A Sustainable Marketing Approach

Directory of Open Access Journals (Sweden)

Cecilia Solér

2012-03-01

Full Text Available Progress in transforming current food consumption and production practice in a sustainable direction is slow. Communicative, sustainable consumer policy instruments such as eco-labeling schemes have limited impact outside the green segment and within the mainstream market. This article asks how sustainably produced food can be described in order to promote such food. Based on six cases, it aims to conceptualize the common denominators of sustainable food production by drawing on recent literature on sustainable marketing and on food and sustainable development. Contradictions and implications in terms of labeling schemes, global sourcing and consumer food practice are discussed.

A modelling breakthrough for market design analysis to test massive intermittent generation integration in markets results of selected OPTIMATE studies

DEFF Research Database (Denmark)

Beaude, Francois; Atayi, A.; Bourmaud, J.-Y.

2013-01-01

The OPTIMATE1 platform focuses on electricity system and market designs modelling in order to assess current and innovative designs in Europe. The current paper describes the results of the first validation studies' conducted with the tool. These studies deal with day-ahead market rules, load...... flexibility, cross-border management and intermittent renewable support schemes with a view to better integrating large amounts of renewable energy in Europe. Market and system designs were assessed based on economic efficiency, security of supply2 and environmental impact3 indicators. These results give...

Base rates in the SDE Plus Scheme 2014 (Dutch Renewable Energy Scheme). Concept recommendation 'for the market consultation]; Conceptadvies basisbedragen in de SDE+ 2014 [ten behoeve van de marktconsultatie

Energy Technology Data Exchange (ETDEWEB)

Lensink, S.M. (ed.) [ECN Policy Studies, Petten (Netherlands)

2013-05-15

On assignment of the Dutch Ministry of Economic Affairs, ECN and DNV KEMA have studied the cost of renewable energy production. This cost assessment for various categories is part of an advice on the subsidy base rates for the feed-in support scheme SDE+. This report contains a draft advice on the cost of projects in the Netherlands targeted for realization in 2014. The options advice covers installation technologies for the production of green gas, biogas, renewable electricity and renewable heat. This draft advice has been written to facilitate the market consultation on the 2014 base rates. The open market consultation is to be held in June 2013 [Dutch] Het Ministerie van Economische Zaken (EZ) heeft aan ECN en DNV KEMA advies gevraagd over de hoogte van de basisbedragen in het kader van de SDE+-regeling voor 2014. Evenals bij vergelijkbare onderzoeken in voorgaande jaren hebben ECN en DNV KEMA er in overleg met het ministerie voor gekozen om een conceptadvies aan de markt voor te leggen. Dit rapport betreft het conceptadvies. ECN en DNV KEMA adviseren het ministerie over de hoogte van de basisbedragen voor door het ministerie voorgeschreven categorieen. De Minister van EZ beslist over de openstelling van de SDE+-regeling in 2014, de open te stellen categorieen en de basisbedragen voor nieuwe SDE+-beschikkingen in 2014. Het proces staat beschreven in Hoofdstuk 2. Hoofdstuk 3 behandelt de prijsontwikkelingen voor elektriciteit, gas en biomassa. Hoofdstuk 4 geeft per categorie een overzicht van de technisch-economische parameters van de hernieuwbareenergieopties. Hoofdstuk 5 besluit met conclusies waarbij de vertaalslag naar basisbedragen gemaakt is aan de hand van beknopt beschreven financiele parameters.

Uranium trade and global liberalization of markets

International Nuclear Information System (INIS)

Elagin, Yu.P.

2003-01-01

Present state of nuclear fuel market is reviewed. Political and economical aspects of nuclear fuel trade, traditional schemes of gain of nuclear fuel, tendencies and last innovations are treated. Price mechanisms, increase in part of traders, price indicators are discussed. Under the liberalization conditions the uranium market and common tendencies on the stages of nuclear fuel cycle as well as prospects of gain and sale of nuclear fuel, electronic trade are considered [ru

Optimal Pricing Strategy in Marketing Research Consulting.

OpenAIRE

Chang, Chun-Hao; Lee, Chi-Wen Jevons

1994-01-01

This paper studies the optimal pricing scheme for a monopolistic marketing research consultant who sells high-cost proprietary marketing information to her oligopolistic clients in the manufacturing industry. In designing an optimal pricing strategy, the consultant needs to fully consider the behavior of her clients, the behavior of the existing and potential competitors to her clients, and the behavior of her clients' customers. The authors show how the environment uncertainty, the capabilit...

Harmonisation between National and International Tradeable Permit Schemes. CATEP Synthesis Paper

International Nuclear Information System (INIS)

Haites, E.

2003-01-01

It is technically possible to link national emissions trading schemes with widely divergent designs. Where design differences create potential problems, technical solutions are available. The greater the similarity of their designs, the easier schemes are to link. During the 2005 - 2007 period the EU Directive, if it is adopted, will lead to the establishment of at least 25 national emissions trading schemes. The Directive specifies many of the design features of these schemes, but leaves the allocation of allowances, rules for banking allowances into the commitment period, use of the opt-out provision, and a few other design features to Member States. The resulting differences among Member State schemes are unlikely to undermine the links between the schemes established by the Directive. The Community may enter into agreements with non-members for mutual recognition of allowances between their emissions trading schemes, but few, if any, links of this type are expected prior to 2008 for practical reasons. Beginning in 2008, Article 17 of the Kyoto Protocol establishes an international emissions trading scheme that can link the national trading schemes of Annex I Parties. It imposes no requirements for harmonisation on the national emissions trading schemes linked. Some design differences could create technical problems, although solutions are available and at least one of the governments involved has an incentive to solve the problem. Adverse competitiveness impacts due to differences in the distribution of allowances across national schemes may need to be addressed through institutions such as the WTO. Most of the national trading schemes will also be subject to the EU Directive and be subject to greater harmonisation after 2008. The result is likely to be a progressive expansion and integration of greenhouse gas allowance markets over the next decade

Electricity Consumption Forecasting Scheme via Improved LSSVM with Maximum Correntropy Criterion

Directory of Open Access Journals (Sweden)

Jiandong Duan

2018-02-01

Full Text Available In recent years, with the deepening of China’s electricity sales side reform and electricity market opening up gradually, the forecasting of electricity consumption (FoEC becomes an extremely important technique for the electricity market. At present, how to forecast the electricity accurately and make an evaluation of results scientifically are still key research topics. In this paper, we propose a novel prediction scheme based on the least-square support vector machine (LSSVM model with a maximum correntropy criterion (MCC to forecast the electricity consumption (EC. Firstly, the electricity characteristics of various industries are analyzed to determine the factors that mainly affect the changes in electricity, such as the gross domestic product (GDP, temperature, and so on. Secondly, according to the statistics of the status quo of the small sample data, the LSSVM model is employed as the prediction model. In order to optimize the parameters of the LSSVM model, we further use the local similarity function MCC as the evaluation criterion. Thirdly, we employ the K-fold cross-validation and grid searching methods to improve the learning ability. In the experiments, we have used the EC data of Shaanxi Province in China to evaluate the proposed prediction scheme, and the results show that the proposed prediction scheme outperforms the method based on the traditional LSSVM model.

Emissions Trading - Growing Markets with Impacts on Energy and Biofuel Business

International Nuclear Information System (INIS)

Otterstroem, Tomas

2006-01-01

The markets for environmental derivatives are relatively new, e.g. in June 2006, the EU ETS has been operational for eighteen months and the Swedish electricity-certificate scheme has been operating for about three years. There is a clear trend towards an increasingly CO 2 -constrained economy, in which trading schemes are implemented with the purpose of reducing the overall cost of reaching the targets set. The business impacts of emissions trading are significant for many actors, both in terms of direct financial effects (e.g. need to buy or sell allowances) as indirect ones (e.g. changes in the competitiveness of fuels, the price of electricity and the demand for low-emission technologies). During 2005, almost 800 million tons of CO 2 equivalents have changed owner on the carbon markets. The market and variety of products are increasing and the market volume is expected to exceed 10 billion euros in 2006

Market-Based Fisheries Management

DEFF Research Database (Denmark)

Høst, Jeppe Engset

a timely, critical insight into the social, cultural and economic aspects and consequences of market-based fisheries management. The privatization of fish quotas in Denmark represents one of the most far-reaching and comprehensive privatization schemes of its kind and has been widely promoted as a market......-based system with innovative social safeguards. This work critically examines this privatization of fish resources, combining quantitative and qualitative material to provide new understanding of fish quotas and their social value. Scholars with an interest in privatization and the socio-economic aspects...... of fisheries, and those working with NGOs, fishers and fisheries, and concerned with political conflicts will all value the research presented here....

Factors affecting the carbon allowance market in the US

Energy Technology Data Exchange (ETDEWEB)

Kim, Hyun Seok; Koo, Won W. [Center for Agricultural Policy and Trade Studies, Department of Agribusiness and Applied Economics, North Dakota State University, Dept 7610, P.O. Box 6050, Fargo, ND 58103-6050 (United States)

2010-04-15

The US carbon allowance market has different characteristic and price determination process from the EU ETS market, since emitting installations voluntarily participate in emission trading scheme. This paper examines factors affecting the US carbon allowance market. An autoregressive distributed lag model is used to examine the short- and long-run relationships between the US carbon allowance market and its determinant factors. In the long-run, the price of coal is a main factor in the determination of carbon allowance trading. In the short-run, on the other hand, the changes in crude oil and natural gas prices as well as coal price have significant effects on carbon allowance market. (author)

Factors affecting the carbon allowance market in the US

International Nuclear Information System (INIS)

Kim, Hyun Seok; Koo, Won W.

2010-01-01

The US carbon allowance market has different characteristic and price determination process from the EU ETS market, since emitting installations voluntarily participate in emission trading scheme. This paper examines factors affecting the US carbon allowance market. An autoregressive distributed lag model is used to examine the short- and long-run relationships between the US carbon allowance market and its determinant factors. In the long-run, the price of coal is a main factor in the determination of carbon allowance trading. In the short-run, on the other hand, the changes in crude oil and natural gas prices as well as coal price have significant effects on carbon allowance market.

Marketable Incentive Contracts and Capital Structure Relevance.

OpenAIRE

Garvey, Gerald T

1997-01-01

This article investigates the claim that debt finance can increase firm value by curtailing managers' access to 'free cash flow.' The author first shows that incentive contracts that tie the managers' pay to stockholder wealth are often a superior solution to the free cash flow problem. He then considers the possibility that the manager can trade on secondary capital markets. Liquid secondary markets are shown to undermine management incentive schemes and, in many cases, to restore the value ...

Relación masa-radio para estrellas enanas blancas y la interpretación de recientes mediciones hechas por Hipparcos

Science.gov (United States)

Panei, J. A.; Althaus, L. G.; Benvenuto, O. G.

Recientes mediciones de la masa y el radio hechas por Hipparcos de las estrellas enanas blancas 40 Eri B y Procyon B (Shipman, H. & Provencal, J. - ApJ. 1998, 494, 759), sugieren un núcleo compuesto de hierro para dichas estrellas, en lugar de carbono y oxígeno como predice la teoría standard de evolución estelar. Para interpretar estas observaciones, presentamos aquí, relaciones masa-radio para configuraciones degeneradas a temperatura finita para distintas composiciones químicas centrales. Para tal fin hemos calculado secuencias evolutivas de enanas blancas utilizando el código de evolución estelar, desarrollado en el Observatorio de La Plata. Dicho código resuelve las ecuaciones de estructura y evolución estelar mediante la técnica de relajación de Henyey, y esta basado en una descripción física muy detallada y actualizada.

Nodal pricing in a coupled electricity market

OpenAIRE

Bjørndal, Endre; Bjørndal, Mette; Cai, Hong

2014-01-01

This paper investigates a pricing model for an electricity market with a hybrid congestion management method, i.e. part of the system applies a nodal pricing scheme and the rest applies a zonal pricing scheme. The model clears the zonal and nodal pricing areas simultaneously. The nodal pricing area is affected by the changes in the zonal pricing area since it is directly connected to the zonal pricing area by commercial trading. The model is tested on a 13-node power system. Within the area t...

Optimization bitumen-based upgrading and refining schemes

Energy Technology Data Exchange (ETDEWEB)

Munteanu, M.; Chen, J. [National Centre for Upgrading Technology, Devon, AB (Canada); Natural Resources Canada, Devon, AB (Canada). CanmetENERGY

2009-07-01

This poster highlighted the results of a study in which the entire refining scheme for Canadian bitumen as feedstocks was modelled and simulated under different process configurations, operating conditions and product structures. The aim of the study was to optimize the economic benefits, product quality and energy use under a range of operational scenarios. Optimal refining schemes were proposed along with process conditions for existing refinery configurations and objectives. The goal was to provide guidelines and information for upgrading and refining process design and retrofitting. Critical steps were identified with regards to the upgrading process. It was concluded that the information obtained from this study would lead to significant improvement in process performance and operations, and in reducing the capital cost for building new upgraders and refineries. The simulation results provided valuable information for increasing the marketability of bitumen, reducing greenhouse gas emissions and other environmental impacts associated with bitumen upgrading and refining. tabs., figs.

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.

Swedish-Norwegian tradable green certificates: Scheme design flaws and perceived investment barriers

International Nuclear Information System (INIS)

Linnerud, Kristin; Simonsen, Morten

2017-01-01

The EU Commission recommends using market-based support schemes for renewable-electricity projects. One example is the Swedish-Norwegian tradable green certificate scheme. We examine whether design features in the Norwegian part of this scheme, specifically, the scheme's short duration and the way it is to be abruptly terminated, contribute to investors' perceptions of barriers. We apply econometric techniques on primary data collected in two surveys of Norwegian investors in hydropower, and we use real options theory to predict and interpret investors' responses. We show that: (1) immediately after the scheme was introduced, investors are eager to lock in future subsidies by investing immediately and concerned with factors that may delay the completion of their projects; (2) as the certificate deadline neared, investors have become increasingly pessimistic and concerned with economic and risk barriers. Investors in big hydropower plants with regulation reservoirs are particularly concerned with the risk of not completing their projects in time to gain the right to sell certificates. These findings are consistent with the predicted responses to the scheme design derived from real options theory. In contrast to earlier studies, we find no difference in responses to the scheme design across investor types. - Highlights: • The Swedish-Norwegian tradable green certificate scheme is intended to promote cost-efficiency. • We examine the optimism about and barriers against investing in new hydropower projects in Norway. • We find that scheme design may have contributed to barriers against Norwegian hydropower projects. • Thus, scheme design flaws may have prevented the scheme from working as intended. • These findings are consistent with real options theory predictions.

An equilibrium-conserving taxation scheme for income from capital

Science.gov (United States)

Tempere, Jacques

2018-02-01

Under conditions of market equilibrium, the distribution of capital income follows a Pareto power law, with an exponent that characterizes the given equilibrium. Here, a simple taxation scheme is proposed such that the post-tax capital income distribution remains an equilibrium distribution, albeit with a different exponent. This taxation scheme is shown to be progressive, and its parameters can be simply derived from (i) the total amount of tax that will be levied, (ii) the threshold selected above which capital income will be taxed and (iii) the total amount of capital income. The latter can be obtained either by using Piketty's estimates of the capital/labor income ratio or by fitting the initial Pareto exponent. Both ways moreover provide a check on the amount of declared income from capital.

A green certificate market combined with a liberalised power market

International Nuclear Information System (INIS)

Morthorst, P.E.

2003-01-01

The development of renewable energy sources is expected to play an important role in the implementation of greenhouse gas (GHG) reduction targets in the EU member states. Among the highly relevant instruments for promoting the renewable development is the establishment of a market for tradable green certificates (TGCs) and markets based on TGCs or equivalent instruments are already established a number of places, among these Australia, Holland, England, Italy and Texas. Other countries are in the preparation phase. Sweden and Belgium (Flanders) are moving fast towards certificate-schemes, while although an early mover the Danish Parliament has postponed the introduction in Denmark until 2004-2005. The initiatives for establishing national TGC-markets are very much in line with the fixed targets for renewable development launched by the EU-commission. Thus, although the different countries have not chosen the same concept for establishing national TGC-markets, nevertheless there seems to be a good starting point for establishing an international one. This paper discusses the separate introduction of an international tradable green certificate market into a liberalised power market, especially in relation to cost-effectiveness and the possible contributions to national GHG-reduction strategies. The combination of a TGC and a liberalised power market encounters a number of problems in relation to achieving national GHG-reduction targets. One of the main results from a three-country case study described in the paper is that those countries most ambitious in renewable target setting by increasing their TGC-quotas will only partly be gaining the CO 2 -reduction benefits themselves. How large a share they gain themselves will depend only on the marginal conditions at the spot market

Stepping stones to significant market shares for renewables. The European forum for market players and decision makers in the renewable energy industry

Energy Technology Data Exchange (ETDEWEB)

NONE

2007-07-01

This invitation to a two-day European Forum for market players and decision makers in the renewable energy business lists the presentations made at the conference in 2007. The programme included contributions in the following areas: Policies and market deployment initiatives, market trends and experience - from support schemes to market experience, opportunities in a changing framework in Switzerland, instruments and infrastructure requirements - how to make the market work and supply and demand aspects of a growing market. The conference examined how renewable forms of energy can gain significant market shares and reach a quota of 50% renewables in 50 years. The first session examined policies and market deployment initiatives, the second market trends and experiences, the third opportunities for Switzerland in a changing framework. The second day featured sessions on instruments and infrastructure requirements as well as on supply and demand aspects in a growing market. The conference was complemented with four workshops.

Stepping stones to significant market shares for renewables. The European forum for market players and decision makers in the renewable energy industry

International Nuclear Information System (INIS)

2007-01-01

This invitation to a two-day European Forum for market players and decision makers in the renewable energy business lists the presentations made at the conference in 2007. The programme included contributions in the following areas: Policies and market deployment initiatives, market trends and experience - from support schemes to market experience, opportunities in a changing framework in Switzerland, instruments and infrastructure requirements - how to make the market work and supply and demand aspects of a growing market. The conference examined how renewable forms of energy can gain significant market shares and reach a quota of 50% renewables in 50 years. The first session examined policies and market deployment initiatives, the second market trends and experiences, the third opportunities for Switzerland in a changing framework. The second day featured sessions on instruments and infrastructure requirements as well as on supply and demand aspects in a growing market. The conference was complemented with four workshops.

On the battleground of environmental and competition policy: The renewable electricity market

Science.gov (United States)

Meszaros, Matyas Tamas

Renewable energy sources have become increasingly important in the efforts to provide energy security and to fight global warming. In the last decade environmental policy has increased the support for renewable electricity. At the same time the electricity sector was often subject of antitrust investigation because of relevant market concentration, and market power. This dissertation looks at the renewable electricity market to analyze the effect of environmental policy on competition. The first chapter provides a short introduction into the regulatory schemes of electricity markets. The second chapter analyzes the demand side of the electricity market. The estimations show that there was no significant change in the income and price elasticity in the electricity consumption of the US households between 1993 an 2001, although there was several policy initiatives to increase energy efficiency and decrease consumption. The third chapter derives a theoretical model where the feed-in tariff and the tradable green certificate system can be analyzed under oligopolistic market structure. The results of the model suggest that the introduction of the environmentally friendly regulatory schemes can decrease the electricity prices compared to the case when there is no support for renewable energy. The other findings of this model is that the price of electricity rises when the requirement for renewable energy increases. In the fourth chapter a simulation model of the UK electricity market is used to test the effect of mergers and acquisitions under the environmental support scheme. The results emphasize the importance of the capacity limit, because it can constrain the strategic action of the electricity producers. The results of the simulation also suggest that the increasing concentration can increase the production and lower the price of electricity and renewable energy certificates in the British Renewable Obligation system.

[Community marketing of contraceptives].

Science.gov (United States)

Urrutia, J M

1987-09-01

The 5-year-old community contraceptive distribution program developed by PROFAMILIA, Colombia's private family planning organization, has given excellent results, but several cost-effectiveness comparisons with social marketing programs have suggested that commercial distribution programs are superior. The community contraceptive distribution program has a high content of information and education activities, which produced significant increases in knowledge and use of contraception in the communities covered. It has been a fundamental support for the social marketing program, creating much of the demand for contraceptive products that the social marketing program has filled. The social marketing program has given good results in terms of volume of sales and in cost-effectiveness since 1976, prompting calls for replacement of the community contraceptive distribution program by the social marketing program in those sectors where knowledge and use of contraception have achieved acceptable levels. An experiment in the Department of Santander in 1984 and 1985 gave very favorable results, suggesting that community contraceptive distribution programs should be replaced by social marketing programs in all more developed markets. But economic problems in 1985 and the decision of manufacturers to decrease the profit margin for PROFAMILIA jeopardized the social marketing program. The community distribution program covered about 20% of the market. Reduced profits in the social marketing program threatened its continued expansion, at the same time that potential demand was growing because of increases in the fertile aged population and increased use of contraception. To meet the need, PROFAMILIA combined the community contraceptive distribution and social marketing programs into a new entity to be called community marketing. The strategy of the community marketing program will be to maintain PROFAMILIA's participation in the market and aid the growth of demand for

Community rating in the absence of risk equalisation: lessons from the Irish private health insurance market.

Science.gov (United States)

Turner, Brian; Shinnick, Edward

2013-04-01

Ireland's private health insurance market operates on the basis of community rating, alongside open enrolment and lifetime cover. A risk equalisation scheme was introduced in 2003 to bolster community rating. However, in July 2008 the Irish Supreme Court set aside this scheme, on the basis of the interpretation of community rating in Irish legislation. This decision has significant implications for the Irish private health insurance market. This paper reviews the development of the market, focusing in particular on community rating. The breakdown of community rating in a market with multiple insurers with differing risk profiles is discussed. Applying this to the Irish market, it can be seen that the Irish Supreme Court judgment has significant implications for the application of community rating. Specifically, while community rating operates within plans, it no longer operates across the market, leading to high-risk lives paying more, on average, than low-risk lives. It has also led to greater opportunities for insurers to engage in market segmentation. This may have relevance for the design and operation of other community rated markets.

Designing a Profit-Maximizing Critical Peak Pricing Scheme Considering the Payback Phenomenon

Directory of Open Access Journals (Sweden)

Sung Chan Park

2015-10-01

Full Text Available Critical peak pricing (CPP is a demand response program that can be used to maximize profits for a load serving entity in a deregulated market environment. Like other such programs, however, CPP is not free from the payback phenomenon: a rise in consumption after a critical event. This payback has a negative effect on profits and thus must be appropriately considered when designing a CPP scheme. However, few studies have examined CPP scheme design considering payback. This study thus characterizes payback using three parameters (duration, amount, and pattern and examines payback effects on the optimal schedule of critical events and on the optimal peak rate for two specific payback patterns. This analysis is verified through numerical simulations. The results demonstrate the need to properly consider payback parameters when designing a profit-maximizing CPP scheme.

A Unified Trading Model Based on Robust Optimization for Day-Ahead and Real-Time Markets with Wind Power Integration

Directory of Open Access Journals (Sweden)

Yuewen Jiang

2017-04-01

Full Text Available In a conventional electricity market, trading is conducted based on power forecasts in the day-ahead market, while the power imbalance is regulated in the real-time market, which is a separate trading scheme. With large-scale wind power connected into the power grid, power forecast errors increase in the day-ahead market which lowers the economic efficiency of the separate trading scheme. This paper proposes a robust unified trading model that includes the forecasts of real-time prices and imbalance power into the day-ahead trading scheme. The model is developed based on robust optimization in view of the undefined probability distribution of clearing prices of the real-time market. For the model to be used efficiently, an improved quantum-behaved particle swarm algorithm (IQPSO is presented in the paper based on an in-depth analysis of the limitations of the static character of quantum-behaved particle swarm algorithm (QPSO. Finally, the impacts of associated parameters on the separate trading and unified trading model are analyzed to verify the superiority of the proposed model and algorithm.

INSTITUTIONAL ENVIRONMENT OF THE AGRICULTURAL MARKET FORMATION PROCESS

Directory of Open Access Journals (Sweden)

S. Revenko

2013-11-01

Full Text Available This article considers institutional aspects of the organized agricultural market formation process. Theoretical base to distinguish institute and institutes is given. In order to find out main influential institutes of the “organization” phenomenon author analyses Ukrainian institutional environment that is under construction process. Author considers main processes which are running during the organized market formation. Author researches theoretical approaches to the institutional staff. In order to structure the most common approaches and theoretical knowledge of this problem author proposes few schemes. Author’s points of view for many questions of the organized market formation process are proposed. Researcher analyzes effectiveness of the institutes and governmental regulation of the agricultural market. Readers can find strategically new approach to the agricultural market formation policy from the governmental point of view. Essence of the socioeconomic formation of agricultural market is considered. Main factors of agriculture market formation are outlined. Agricultural market structural parts consideration systematic approach is proposed. Ineffectiveness of the agriculture market relations without regulation process is proved. The most unfavorable reasons of the agricultural market formation are determined.

What You Should Know About Carbon Markets

Directory of Open Access Journals (Sweden)

Maria Mansanet-Bataller

2008-12-01

Full Text Available Since the entry into force of the Kyoto Protocol, carbon trading has been in continuous expansion. In this paper, we review the origins of carbon trading in order to understand how carbon trading works in Europe and, specifically, the functioning of the European Union Emission Trading Scheme (EU ETS and the workings of several spot, futures and options markets where European Union Allowances are traded. As well, the linking of the EU ETS with the other United Nations carbon markets is also studied.

Active Labour Market Policies for Disabled People in Denmark

DEFF Research Database (Denmark)

Høgelund, Jan; Greve, Jane

The main objective of this paper is to provide relevant information about existing active labour market policies for the disabled people in Denmark. The paper presents an over-view of active labour market schemes in Denmark. The description suggests that the policy emphasises active labour market...... market policy towards disabled people but no vital reforms. Incentives to strengthen (re-)integration of disabled people at the labour market and increasing responsibilities of non-public actors (e.g. employers) are some of the main characteristics of the Danish employment policy. Available evaluative...... studies on active labour market policy in Denmark, is set out in the final section of this paper. In general these studies suggest that active labour market policies facilitate the employment of disabled people but that some of the policies also have negative side effects such as stigmatisation and dead...

Application scenario analysis of Power Grid Marketing Large Data

Science.gov (United States)

Li, Xin; Zhang, Yuan; Zhang, Qianyu

2018-01-01

In recent years, large data has become an important strategic asset in the commercial economy, and its efficient management and application has become the focus of government, enterprise and academia. Power grid marketing data covers real data of electricity and other energy consumption and consumption costs and so on, which is closely related to each customer and the overall economic operation. Fully tap the inherent value of marketing data is of great significance for power grid company to make rapid and efficient response to the market demand and improve service level. The development of large data technology provides a new technical scheme for the development of marketing business under the new situation. Based on the study on current situation of marketing business, marketing information system and marketing data, this paper puts forward the application direction of marketing data and designed typical scenes for internal and external applications.

Emerging product carbon footprint standards and schemes and their possible trade impacts

Energy Technology Data Exchange (ETDEWEB)

Bolwig, S.; Gibbon, P.

2009-12-15

Concern over climate change has stimulated interest in estimating the total amount of greenhouse gasses produced during the life-cycle of goods and services - i.e. during their production, transportation, sale, use and disposal. The outcome of these calculations is referred to as 'product carbon footprints' (PCFs). The paper reviews the rationale, context, coverage and characteristics of emerging standards and certification schemes that estimate and designate PCFs, and discusses the possible impacts on trade, particularly exports from distant and developing countries. It draws on a survey of PCF certification schemes carried out during 2009, on a review of evolving international and national standards, and on a review of consumer surveys. Since 2007 one public standard, and two public and 14 private certification schemes referring to standards for calculating and communicating PCFs have become operational. Two new international standards and several new schemes, including three public ones, are due to become operational by 2011 or earlier. The private schemes are owned by a mixture of voluntary bodies and private companies, including some large retailers. Many provide assistance for reducing carbon footprints or procedures for certification or labelling. Nonetheless, to date only a few thousand products have been footprinted. As PCFs are already becoming market access requirements for bio-fuels imported to the EU, and may also become EU market access requirements for all mass-produced goods within 10-15 years, there is a danger that developing country exporters will lose out as a result. This is because: they are less likely to have the resources necessary for calculating and verifying PCFs; publicly available datasets are less likely to include processes carried out mainly in developing countries; and some existing standards do not currently include production of capital goods in their definition of product life cycles, which imparts a bias against

What’s Going into the Box? An Inquiry into the Social and Ecological Embeddedness of Large-scale EU and US Box Schemes

DEFF Research Database (Denmark)

Ostrom, Marcia; Kjeldsen, Chris; Kummer, Susanne

2017-01-01

Food distribution systems referred to as box schemes have gained a foothold in organic markets across Europe and North America. This model has the potential to scale up direct-marketing strategies by aggregating products from multiple producers and efficiently assembling and delivering them on a ...

Static and dynamic efficiency of white certificate schemes; L'efficacite statique et dynamique des dispositifs de -certificats blancs-

Energy Technology Data Exchange (ETDEWEB)

Giraudet, L.G. [CIRED-ENPC, 94 - Nogent-sur-Marne (France); Finon, D. [CIRED-CNRS, 94 - Nogent-sur-Marne (France)

2011-07-15

White Certificate Schemes mandate energy companies to promote energy efficiency through flexibility mechanisms, including the trading of energy savings. They can be characterized as a quantity-based, baseline-and-credit system for the diffusion of energy efficient technologies. This paper compares experiences with White Certificate Schemes in Great Britain, Italy and France, in order to identify the basic drivers of each, and ultimately offer an original interpretation as an adaptive instrument, in the sense that it can take different forms in response to specific institutional contexts. A first analysis shows that Schemes perform well in terms of static efficiency, i.e. they are cost-effective and generate net social benefits over the period considered, though with large discrepancies rooted in different technological potentials. Regarding dynamic efficiency, i.e. the ability to induce and sustain technological change over the long haul, market transformation occurred in Great Britain, but was poorly incentivized in Italy and France by inadequate compliance cost recovery rules. Substantial organizational change has occurred in every country, mainly by strengthening vertical relationships between obliged parties and upstream businesses. Overall, the obligation (rather than the market component) drives the early phases of the Schemes. (authors)

Rural health prepayment schemes in China: towards a more active role for government.

Science.gov (United States)

Bloom, G; Shenglan, T

1999-04-01

A large majority of China's rural population were members of health prepayment schemes in the 1970's. Most of these schemes collapsed during the transition to a market economy. Some localities subsequently reestablished schemes. In early 1997 a new government policy identified health prepayment as a major potential source of rural health finance. This paper draws on the experience of existing schemes to explore how government can support implementation of this policy. The decision to support the establishment of health prepayment schemes is part of the government's effort to establish new sources of finance for social services. It believes that individuals are more likely to accept voluntary contributions to a prepayment scheme than tax increases. The voluntary nature of the contributions limits the possibilities for risk-sharing and redistribution between rich and poor. This underlines the need for the government to fund a substantial share of health expenditure out of general revenues, particularly in poor localities. The paper notes that many successful prepayment schemes depend on close supervision by local political leaders. It argues that the national programme will have to translate these measures into a regulatory system which defines the responsibilities of scheme management bodies and local governments. A number of prepayment schemes have collapsed because members did not feel they got value for money. Local health bureaux will have to cooperate with prepayment schemes to ensure that health facilities provide good quality services at a reasonable cost. Users' representatives can also monitor performance. The paper concludes that government needs to clarify the relationship between health prepayment schemes and other actors in rural localities in order to increase the chance that schemes will become a major source rural health finance.

Efficiency of European emissions markets: Lessons and implications

International Nuclear Information System (INIS)

Krishnamurti, Chandrasekhar; Hoque, Ariful

2011-01-01

While prior studies have shown that emission rights and futures contracts on emission rights are efficiently priced, there are no studies on the efficiency of the options market. Therefore, this study fills the gap. We examine empirical evidence regarding the efficiency of the options market for emissions rights in Europe. We employ the put-call parity approach to test the efficiency of options on emission rights traded in the European market. This implies that firms can trade options on emission rights in addition to other existing strategies in order to manage their greenhouse gas emissions. - Highlights: → Efficiency of the European options market for emissions. → Design implications for the development of emissions trading schemes in other countries. → Governance issues pertaining to emissions trading.

Costs and remuneration of renewables in liberalized market

International Nuclear Information System (INIS)

Pezzaglia, M.

2008-01-01

The massive introduction of financial incentives schemes of production of energy from renewable sources result a rapid development of technology production and the market. The production costs are strongly influenced by types of technology. This studies have yet to track the costs of production [it

Wind power bidding in electricity markets with high wind penetration

International Nuclear Information System (INIS)

Vilim, Michael; Botterud, Audun

2014-01-01

Highlights: • We analyze the pricing systems and wind power trading in electricity markets. • We propose a model that captures the relation between market prices and wind power. • A probabilistic bidding model can increase profits for wind power producers. • Profit maximizing bidding strategies carry risks for power system operators. • We conclude that modifications of current market designs may be needed. - Abstract: Objective: The optimal day-ahead bidding strategy is studied for a wind power producer operating in an electricity market with high wind penetration. Methods: A generalized electricity market is studied with minimal assumptions about the structure of the production, bidding, or consumption of electricity. Two electricity imbalance pricing schemes are investigated, the one price and the two price scheme. A stochastic market model is created to capture the price effects of wind power production and consumption. A bidding algorithm called SCOPES (Supply Curve One Price Estimation Strategy) is developed for the one price system. A bidding algorithm called MIMICS (Multivariate Interdependence Minimizing Imbalance Cost Strategy) is developed for the two price system. Results: Both bidding strategies are shown to have advantages over the assumed “default” bidding strategy, the point forecast. Conclusion: The success of these strategies even in the case of high deviation penalties in a one price system and the implicit deviation penalties of the two price system has substantial implications for power producers and system operators in electricity markets with a high level of wind penetration. Practice implications: From an electricity market design perspective, the results indicate that further penalties or regulations may be needed to reduce system imbalance

Biomass power generation in competitive markets - The impact of instruments and regulations

International Nuclear Information System (INIS)

Ackermann, Thomas; Soeder, Lennart

1999-01-01

This paper presents and briefly evaluates the most important existing market instruments and market schemes which support the development of renewable energy generation as well as the impact of market regulations on the development of biomass power generation. The evaluation of the existing instruments focuses on the incentives provided by the various instruments to reduce production costs. The instruments and schemes are: Feed-in Tariffs, Net Metering, Bidding Process, Fixed Quotas, Green Certificate Trading, Green Power Exchange, Green Pricing. Feed-in tariffs and net metering are important instruments to get the different technologies 'off the ground', however, they can only be considered an interim solution as they do not necessarily lead to cost reduction. A bidding process is one way to achieve these cost reductions, but high transaction costs will support the development of large renewable energy projects, which is not always the desired effect. Fixed quotas combined with green certificate trading or a power exchange in combination with Green Pricing seem to lead to similar costs reduction, however, so far there is only limited experience with such instruments. The analysis of the impact of market regulations focuses on international electricity markets with a power exchange. Such markets exist, for example, in Scandinavia, England and Wales, Australia, New Zealand and California. The analysis showed that new distributed generation, for example based on biomass, faces significant market barriers. Furthermore, distributed generation is not treated equally within the market regulations compared to large-scale power generation

Is There a Causal Effect of High School Math on Labor Market Outcomes?

Science.gov (United States)

Joensen, Juanna Schroter; Nielsen, Helena Skyt

2009-01-01

In this paper, we exploit a high school pilot scheme to identify the causal effect of advanced high school math on labor market outcomes. The pilot scheme reduced the costs of choosing advanced math because it allowed for a more flexible combination of math with other courses. We find clear evidence of a causal relationship between math and…

Measurement of harmonics in electrical power systems; Medicion de armonicas en sistemas electricos

Energy Technology Data Exchange (ETDEWEB)

Calderon Gonzalez, Gustavo Adolfo

1998-07-01

un sistema para la cuantificacion y estudio del contenido de armonicas en sistemas electricos. El estudio esta enfocado a senales de corriente de alimentacion de un horno de Arco Largo. El sistema desarrollado para la cuantificacion del contenido de armonicas esta formado por las siguientes partes: (a) Sistemas de adquisicion de datos: La aplicacion de un sistema de adquisicion de datos nos posibilita tomar muestras de una senal analoga de voltaje. Las muestras adquiridas que representan una senal analoga, pueden ser procesadas posteriormente en una computadora digital. El sistema de adquisicion de datos esta constituido por: Una microcomputadora IBM-PC, una tarjeta de digitalizacion de senales analogas y programacion para realizar el muestreo de las senales. (b) Procesamiento digital de senales adquiridas: Con el proposito de determinar el contenido armonico, se utilizo el metodo de la Transformada Rapida de fourier. El analisis mediante la Transformada Rapida de Fourier nos permite obtener el espectro de las senales en el dominio de la frecuencia. Mediante el analisis por medio de la transformada rapida de Fourier se tiene una disminucion sustancial en el tiempo de computo de los coeficientes correspondientes a las armonicas, esto comparado con el metodo de series discretas de Fourier. (c) Analisis de resultados obtenidos: Se realizaron varias mediciones de senales de corriente de linea y banco de capacitores del sistema de alimentacion de un horno de arco. Para cada medicion realizada se obtuvo la magnitud y la fase para cara armonica. Del conjunto de magnitudes y fases de los coeficientes, se calculo el valor promedio y su desviacion estandar. Se muestran graficas de la variacion de la magnitud y la fase de cada armonica con el tiempo. Asimismo, se tienen graficas de las formas de onda de la senal en analisis, diagramas de barras del contenido espectral promedio y un reporte de la desviacion estandar de la magnitud y la fase para cada armonica. Se incluyen

Remote control systems evolution in the new open energy market

International Nuclear Information System (INIS)

Castiglioni, L.

2001-01-01

Considering new energy market in Italy, the new role of remote control applications is discussed. In the open market the whole electric process is managed by several different actors; common protocol scheme and additional sharing data policies are necessaries facing the increased communications requirements due to deregulation. Remote control systems evolution then will lead from process oriented to data management oriented systems; related methodologies and solutions are described [it

EU Action against Climate Change. EU emissions trading. An open scheme promoting global innovation

International Nuclear Information System (INIS)

2005-01-01

The European Union is committed to global efforts to reduce the greenhouse gas emissions from human activities that threaten to cause serious disruption to the world's climate. Building on the innovative mechanisms set up under the Kyoto Protocol to the 1992 United Nations Framework Convention on Climate Change (UNFCCC) - joint implementation, the clean development mechanism and international emissions trading - the EU has developed the largest company-level scheme for trading in emissions of carbon dioxide (CO2), making it the world leader in this emerging market. The emissions trading scheme started in the 25 EU Member States on 1 January 2005

Risk management solutions for the new energy market

International Nuclear Information System (INIS)

Saba, A.

2001-01-01

Ontario Power Generation (OPG) is one of five successor companies of former Ontario Hydro. With a current capacity of more than 30,000 MW, OPG is the fourth largest power generator in North America. Its generation mix includes 50 per cent nuclear with the balance being between fossil fuel and hydro energy. This power point presentation discussed the role of OPG in Ontario's new deregulated market place. The market is immature and new billing schemes are in the process of being introduced. This presentation discussed hourly market clearing price (spot market) and the need for hourly data, or interval meters. Issues regarding increased price volatility, load variability and how consumers can avoid high prices through load control were also discussed. In Ontario's new market place, the purchasing options for electric power include the wholesale market participant, retailers of electricity, retail participants, default supply and self generation. A brief review of each of these procurement options was included with this presentation. tabs., figs

The Problems and Prospects for Developing the Cryptocurrency Market in Ukraine

Directory of Open Access Journals (Sweden)

Hladkykh Dmytro M.

2017-08-01

Full Text Available The article is aimed at studying the history of origins, the preconditions for development, the main problems of functioning, and the prospects of legalizing the cryptocurrency market in Ukraine. One of the key risks when implementing advances of the IT in the financial sphere is the possibility of physical disappearance of banking system in its classical form because of its inability to compete with new technologies. The most troubling, versus the classical banks, may be considered such new technologies as credit electronic platforms and blockchain. In the recent time the bitcoin course has been growing rapidly, giving all the reasons to consider it primarily a classical «pyramid scheme». The cryptocurrency market may also be characterized a «pyramid scheme» because of the fact that the course of such a currency has not any coverage except increase in the number of participants and investors. Ukraine is not a leader in the international cryptocurrency market, albeit not an outsider. In order to secure a reliable State control of the «gray» cryptocurrency market, which is actually present in Ukraine, the article suggests some necessary actions directed towards legalizing and ordering this phenomenon.

Market Analysis and Risk Management of EU Emissions Trading - MARMET

International Nuclear Information System (INIS)

Ollikainen, M.; Aatola, P.; Ollikka, K.; Kumpulainen, A.; Pohjola, T.; Lappalainen, E.

2007-01-01

The first period of the EU Emissions Trading Scheme (EU ETS) commenced on January 1st 2005. It implies new challenges to companies included in the scheme. A central challenge is the uncertainty related to the markets. In order to manage their risks and profitability companies need to be able to estimate future price developments of emission allowances. The University of Helsinki is conducting a research project in cooperation with the Helsinki University of Technology that will provide necessary information for analyzing European Union emission allowance (EUA) markets and create risk management competence. The objectives of the research project are (1) to develop a price estimation model for EU emission allowances and (2) to develop risk management competence related to EU ETS. With the price estimation model the short-term price developments of EUAs can be estimated. By utilizing the model companies can reduce uncertainties related to the markets. The project also delivers a general risk management model for EU ETS that aims at improving competitiveness of companies. (orig.)

Energy supplier obligations and white certificate schemes: Comparative analysis of experiences in the European Union

Energy Technology Data Exchange (ETDEWEB)

Bertoldi, Paolo, E-mail: paolo.bertoldi@ec.europa.e [European Commission, Joint Research Centre, Institute for Energy, Via E. Fermi 1, TP 450, 21027 Ispra (Vatican City State, Holy See) (Italy); Rezessy, Silvia, E-mail: silvia.rezessy@ec.europa.e [European Commission, Joint Research Centre, Institute for Energy, Via E. Fermi 1, TP 450, 21027 Ispra (Vatican City State, Holy See) (Italy); Lees, Eoin, E-mail: eoin@eoinleesenergy.co [Eoin Lees Energy, 4 Silver Lane, West Challow, Wantage, Oxon OX12 9TX (United Kingdom); Baudry, Paul, E-mail: paul.baudry@edf.f [EDF R and D, Centre des Renardieres, 77818 Moret sur Loing (France); Jeandel, Alexandre, E-mail: alexandre.jeandel@gdfsuez.co [GDF SUEZ, 16, rue Ville L' Eveque, 75008 Paris (France); Labanca, Nicola, E-mail: nicola.labanca@polimi.i [eERG, Politecnico di Milano, Via Lambruschini n. 4, 20156 Milano (Italy)

2010-03-15

A number of Member States of the European Union (EU) have introduced market-based policy portfolios based on quantified energy savings obligations on energy distributors or suppliers, possibly coupled with certification of project-based energy savings (via white certificates), and the option to trade the certificates or obligations. The paper provides an up-to-date review and analysis of results to date of white certificate schemes in the EU. In the EU supplier obligations and white certificate schemes have delivered larger savings than originally expected with obliged companies exceeding targets and, in some cases, at cost below what policy makers have anticipated. Supplier obligations foster the uptake of standardised energy efficiency actions often targeting smaller energy users (residential sector), lowering the transaction costs and contributing to market transformation. The role of certificate trading is more ambiguous. Trading can bring benefits where the target is set sufficiently high with respect to the energy-saving potential in the sectors covered. Theoretically trading may be better suited for broader systems with comprehensive coverage, but even in smaller schemes trading may reduce the transaction costs of compliance for obliged actors without sufficient expertise on end-use energy efficiency. Yet, trading increases the administrative cost ratio of energy-saving obligations.

Energy supplier obligations and white certificate schemes: Comparative analysis of experiences in the European Union

International Nuclear Information System (INIS)

Bertoldi, Paolo; Rezessy, Silvia; Lees, Eoin; Baudry, Paul; Jeandel, Alexandre; Labanca, Nicola

2010-01-01

A number of Member States of the European Union (EU) have introduced market-based policy portfolios based on quantified energy savings obligations on energy distributors or suppliers, possibly coupled with certification of project-based energy savings (via white certificates), and the option to trade the certificates or obligations. The paper provides an up-to-date review and analysis of results to date of white certificate schemes in the EU. In the EU supplier obligations and white certificate schemes have delivered larger savings than originally expected with obliged companies exceeding targets and, in some cases, at cost below what policy makers have anticipated. Supplier obligations foster the uptake of standardised energy efficiency actions often targeting smaller energy users (residential sector), lowering the transaction costs and contributing to market transformation. The role of certificate trading is more ambiguous. Trading can bring benefits where the target is set sufficiently high with respect to the energy-saving potential in the sectors covered. Theoretically trading may be better suited for broader systems with comprehensive coverage, but even in smaller schemes trading may reduce the transaction costs of compliance for obliged actors without sufficient expertise on end-use energy efficiency. Yet, trading increases the administrative cost ratio of energy-saving obligations.

Chestnuts and spring chickens: conflict and change in farmers market ideologies.

Science.gov (United States)

Oths, Kathryn S; Groves, Katy M

2012-01-01

The taxonomy of farmers markets requires an update to encompass the expanding range of available options. Also absent from the literature is an appreciation of the connection between market types, ideological stances, social characteristics, and conflict-necessary for understanding the social processes, motivations, and expectations that create a farmers market. Our study of a long-standing farmers market on the verge of municipal revamping aims to unite these interests, with a focus on the diverse demographics and values of the social groups involved. We propose a synthetic two-dimensional scheme to classify U.S. farmers markets. Bourdieu's theory of distinction is instrumental in making sense of the diversity encountered. Copyright © Taylor & Francis Group, LLC

Governance of CO2 markets: Lessons from the EU ETS

International Nuclear Information System (INIS)

Perthuis, Christian de; Trotignon, Raphael

2014-01-01

The European emissions trading scheme (EU ETS) is the centerpiece of Europe's climate policy. The system has been undermined variously by the weakness of its regulation, an undesirable overlap with other public policies and the far-reaching economic and financial crisis that caused the market price of allowances to plunge. This article attempts to identify the conditions for making the coming years of the EU ETS a success. It draws historical lessons from the eight years the scheme has been in operation, and then presents the various interventions by the public authorities currently under discussion in order to revive the market. Finally, the article proposes to draw lessons from monetary policy by outlining what might be the mandate of an Independent Carbon Market Authority, with responsibility for the dynamic management of the supply of allowances, and whose main mission would be to ensure the optimal linkage between the different temporal horizons of the climate strategy. This article could provide important lessons for schemes developing in the rest of the world, especially in South Korea or in China. - Highlights: • History suggest that ex ante expectations tend to overestimate the constraint. • Economic conditions, policy overlaps, and Kyoto credits cause the current weakness. • “Set aside” or “backloading” does not resolve structural issues. • Changing/extending the reduction target is necessary but not sufficient. • An independent authority could ensure the credibility of the constraint over time

Preferential Market Access, Foreign Aid and Economic Development

DEFF Research Database (Denmark)

Afesorgbor, Sylvanus Kwaku; Abreha, Kaleb Girma

contributed to the economic development of the beneficiary countries. Focusing on the ACP countries over the period 1970-2009, we show that only the EU preferential scheme is effective in promoting exports and that market access plays a significant and economically large role in the development of beneficiary......Several studies highlight that exporters in developing countries face substantial trade costs. To reduce these costs, a few developed countries mainly Canada, the EU, Japan and the USA granted preferential market access to these exporters. We assess whether these preferential accesses have...

Association between light absorption measurements of PM2.5 and distance from heavy traffic roads in the Mexico City metropolitan area Asociación entre las mediciones de PM2.5 por absorbancia y la distancia a vías de alto tráfico en la zona metropolitana de la Ciudad de México

Directory of Open Access Journals (Sweden)

Marlene Cortez-Lugo

2013-04-01

Full Text Available OBJECTIVE: To study the relationship between light absorption measurements of PM2.5 at various distances from heavy traffic roads and diesel vehicle counts in Mexico City. MATERIALS AND METHODS: PM2.5 samples were obtained from June 2003-June 2005 in three MCMA regions. Light absorption (b abs in a subset of PM2.5 samples was determined. We evaluated the effect of distance and diesel vehicle counts to heavy traffic roads on PM2.5 b abs using generalized estimating equation models. RESULTS: Median PM2.5 b abs measurements significantly decrease as distance from heavy traffic roads increases (pOBJETIVO: Evaluar la relación entre las mediciones de absorción de luz de las PM2.5 a diferentes distancias de vías de tráfico y el aforo vehicular de diesel en la Ciudad de México. MATERIAL Y MÉTODOS: Se realizaron mediciones de PM2.5 y su análisis de b abs en tres zonas de la Ciudad de México. Se usaron modelos GEE para evaluar el efecto de la distancia y el aforo vehicular de tráfico pesado sobre PM2.5 b abs. RESULTADOS: Se observó una tendencia decreciente en la mediana de PM2.5 b abs conforme se incrementó la distancia a las avenidas de alto tráfico (p<0.002; los niveles decrecen en 7% (CI95% 0.9-14 por cada 100 metros de incremento. Las mediciones de PM2.5 b abs se incrementan en 20% (CI95% 3-38 cuando el aforo vehicular a diesel es mayor de 150 en una hora. CONCLUSIONES: Las mediciones de PM2.5 b abs están significativamente asociadas con la distancia de avenidas con alto tránsito vehicular y con vehículos de diesel.

Power Peaking Effect of OTTO Fuel Scheme Pebble Bed Reactor

Science.gov (United States)

Setiadipura, T.; Suwoto; Zuhair; Bakhri, S.; Sunaryo, G. R.

2018-02-01

Pebble Bed Reactor (PBR) type of Hight Temperature Gas-cooled Reactor (HTGR) is a very interesting nuclear reactor design to fulfill the growing electricity and heat demand with a superior passive safety features. Effort to introduce the PBR design to the market can be strengthen by simplifying its system with the Once-through-then-out (OTTO) cycle PBR in which the pebble fuel only pass the core once. Important challenge in the OTTO fuel scheme is the power peaking effect which limit the maximum nominal power or burnup of the design. Parametric survey is perform in this study to investigate the contribution of different design parameters to power peaking effect of OTTO cycle PBR. PEBBED code is utilized in this study to perform the equilibrium PBR core analysis for different design parameter and fuel scheme. The parameters include its core diameter, height-per-diameter (H/D), power density, and core nominal power. Results of this study show that diameter and H/D effectsare stronger compare to the power density and nominal core power. Results of this study might become an importance guidance for design optimization of OTTO fuel scheme PBR.

Marketing and social change: the parallels.

Science.gov (United States)

Da Cunha, G

1995-01-01

Social marketing became respectable only in the late 1970s in places like Indonesia, Brazil, Egypt, Honduras, and Gambia. In practice social change and marketing are both about modifying group behavior. Social change provides opportunities for marketing, which is the process that identifies the unmet consumer need and satisfies it at a profit. Social research and production technologies are involved in market segmentation, target group selection, pricing, distribution, selling, and promotion. The crucial, people-centered and community-based characteristic of marketing is its social relevance. Marketing is a neutral methodology and social marketing is its adaptation to social imperatives. Among a set of underlying ideas related to marketing is the primacy of the consumer in all marketing decisions. Marketing clusters are a way of analyzing a situation, making a product, and pricing and distributing it. Demand is the driving force behind marketing with the components of price, performance, and decision. The benefit obtained from the product must justify the price. Advertising is commercial mass persuasion, the centerpiece of promotion; it is also needed for marketing communications. Promotional tools include special price offers, merchandizing, and dealer incentive schemes. Straightforward information rarely causes lasting behavioral changes. In a Bangladeshi community, 90% of women could have correct knowledge about oral rehydration salts, yet only 8% of them might actually use them correctly. Information that is resisted does not work, yet huge amounts of money go into producing manuals, leaflets, radio programs, and posters. The issues of distribution and competition are often neglected in social marketing programs. Other deficiencies are failure to monitor, evaluate, and innovate. To be successful, social marketing must aim at a 100% conversion of the market actors. Some successes of the social marketing approach include: a nutrition education and behavior change

Strategic management of labor resources of agricultural enterprises on the basis of marketing

Directory of Open Access Journals (Sweden)

Julia Kalyuzhna

2018-06-01

Full Text Available Purpose. The goal of this paper is to characterize the theoretical aspects of strategic management of labor resources with the marketing principles in agrarian enterprises; to identify individual factors of influence on labor resources and to form a scheme effective strategic management of labor resources in conjunction with marketing activities of the enterprise. Methodology / approach. In the process of writing the article, were used such methods as: logical generalization – for the theoretical substantiation of the marketing activity’s and labor resources’ essence; statistical analysis – for the estimation of such factors, as migration movement of labor resources from rural areas, which influence on the functioning of agrarian enterprises; system analysis – for research and substantiation of effective strategic management of labor resources with the marketing principles as the main element of the enterprise’s activity. Results. Today in Ukraine one of the main problems of effective management of is the attraction and use of labor resources. Since labor is the main productive force in solving the issues of competitiveness, economic growth and ensuring the effective operation of the enterprise. The labor resources management is a complex process and has its own specific properties and regularities and should have systemic character and completeness based on the development of strategic management. Application of strategic management of labor resources with the marketing principles at agrarian enterprises will allow using economic, organizational and technical possibilities of production effectively. Originality / scientific novelty. An attempt to investigate the influence of interstate migration growth (decrease in the rural population as a negative factor of the labor resources reduction in agrarian enterprises, and the forecast for the prospective period was made. Practical value / implications. The forecasting level of labor

Is there a Causal Effect of High School Math on Labor Market Outcomes?

DEFF Research Database (Denmark)

Joensen, E. Juanna Schröter; Nielsen, Helena Skyt

2009-01-01

In this paper, we exploit a high school pilot scheme to identify the causal effect of advanced high school math on labor market outcomes. The pilot scheme reduced the costs of choosing advanced math because it allowed for a more flexible combination of math with other courses. We find clear...... evidence of a causal relationship between math and earnings for students who are induced to choose math after being exposed to the pilot scheme. The effect partly stems from the fact that these students end up with a higher education....

Exact analysis of Packet Reversed Packet Combining Scheme and Modified Packet Combining Scheme; and a combined scheme

International Nuclear Information System (INIS)

Bhunia, C.T.

2007-07-01

Packet combining scheme is a well defined simple error correction scheme for the detection and correction of errors at the receiver. Although it permits a higher throughput when compared to other basic ARQ protocols, packet combining (PC) scheme fails to correct errors when errors occur in the same bit locations of copies. In a previous work, a scheme known as Packet Reversed Packet Combining (PRPC) Scheme that will correct errors which occur at the same bit location of erroneous copies, was studied however PRPC does not handle a situation where a packet has more than 1 error bit. The Modified Packet Combining (MPC) Scheme that can correct double or higher bit errors was studied elsewhere. Both PRPC and MPC schemes are believed to offer higher throughput in previous studies, however neither adequate investigation nor exact analysis was done to substantiate this claim of higher throughput. In this work, an exact analysis of both PRPC and MPC is carried out and the results reported. A combined protocol (PRPC and MPC) is proposed and the analysis shows that it is capable of offering even higher throughput and better error correction capability at high bit error rate (BER) and larger packet size. (author)

INDIAN CAPITAL MARKET REVIEW: ISSUES, DIMENSIONS AND PERFORMANCE ANALYSIS

Directory of Open Access Journals (Sweden)

Mohd. Shamim Ansari

2012-12-01

Full Text Available The purpose of an efficient capital market is to mobilize funds from those who have it and route each them to those who can utilize it in the best possible way. India’s financial market is multi-facet but not balanced. It has state of art equity market but relatively less developed and immature corporate bond market. The Indian capital market in the recent year has undergone a lot of innovation in term regulation and mode of operation. A well developed corporate bond market is also essential for financial system stability, efficiency and overall economic growth. However, If we look at the scenario of capital market in India we find that Indian households have traditionally preferred parking their surpluses in bank deposits, government savings schemes and less than 10% of their investments in financial assets in shares, debentures and mutual funds. The Indian capital market has recently put the worst behind and moved towards strong growth. In this back drop the present paper aims to (i identify various grey points of Indian capital market; (ii Evaluated how it performed during post financial crisis period; and (iii suggests necessary policy reforms for a relatively mature capital market.

Fostering renewable electricity markets in North America

International Nuclear Information System (INIS)

Wingate, M.; Hamrin, J.; Kvale, L.; Alatorre, C.

2007-04-01

This paper provided an overview of key market demand and supply drivers for the renewable electricity in Canada, the United States and Mexico. The aim of the paper was to assist North American governments in supporting the development of renewable electricity by addressing barriers that currently contribute to higher costs as well as challenges related to policy implementation. The paper outlined regulatory mandates and discussed issues related to voluntary purchases, and financial incentives. Current policy frameworks for renewable electricity were also examined. Opportunities for developing the renewable electricity market North America were explored. Wind power environmental standards were reviewed. Various green pricing schemes were discussed. The paper also included recommendations for the current electricity market as well as for members of the North American Agreement on Environmental Cooperation. 84 refs., 4 tabs., 7 figs

The governance challenge for implementing effective market-based climate policies: A case study of The New South Wales Greenhouse Gas Reduction Scheme

International Nuclear Information System (INIS)

Passey, Robert; MacGill, Iain; Outhred, Hugh

2008-01-01

The New South Wales (NSW) Greenhouse Gas Reduction Scheme (GGAS) in Australia is a baseline and credit emissions trading scheme with the stated aim of reducing the per-capita greenhouse emissions associated with electricity consumption in the state of NSW. Here we provide a detailed assessment of the GGAS design and operation, with a particular emphasis on its effectiveness in delivering physical emissions reductions that would not have occurred in its absence. We find that a number of design features mean a significant proportion of the tradeable 'abatement' certificates are unlikely to correspond to the claimed emissions reductions. While some of these adverse design choices might be corrected, others would seem inherent to the underlying scheme design. Our analysis highlights the major governance challenges with emissions trading approaches and hence the importance of good policy implementation processes including the need for separation of powers through a scheme development process that involves design, assessment and revision. These GGAS lessons would seem relevant for governance with all emissions trading schemes, and has particular implications for cap and trade schemes that incorporate baseline and credit offset schemes, as well as to the 'White Certificate' schemes increasingly being seen as a means of fostering enhanced end-use energy efficiency

A Generalized Formulation of Demand Response under Market Environments

Science.gov (United States)

Nguyen, Minh Y.; Nguyen, Duc M.

2015-06-01

This paper presents a generalized formulation of Demand Response (DR) under deregulated electricity markets. The problem is scheduling and controls the consumption of electrical loads according to the market price to minimize the energy cost over a day. Taking into account the modeling of customers' comfort (i.e., preference), the formulation can be applied to various types of loads including what was traditionally classified as critical loads (e.g., air conditioning, lights). The proposed DR scheme is based on Dynamic Programming (DP) framework and solved by DP backward algorithm in which the stochastic optimization is used to treat the uncertainty, if any occurred in the problem. The proposed formulation is examined with the DR problem of different loads, including Heat Ventilation and Air Conditioning (HVAC), Electric Vehicles (EVs) and a newly DR on the water supply systems of commercial buildings. The result of simulation shows significant saving can be achieved in comparison with their traditional (On/Off) scheme.

Overview of government and market driven programs for the promotion of renewable power generation

International Nuclear Information System (INIS)

Ackermann, T.; Andersson, G.; Soeder, L.

2001-01-01

This paper presents and briefly evaluates some existing government instruments and market schemes which support the development of renewable energy generation. The brief evaluation focuses on the incentives provided by the various instruments to reduce production costs. The instruments and schemes are: feed-in tariffs, net metering, bidding process, fixed quotas, green certificate trading, green power exchange, green pricing. (author)

A snapshot of the European energy service market in 2010 and policy recommendations to foster a further market development

International Nuclear Information System (INIS)

Marino, Angelica; Bertoldi, Paolo; Rezessy, Silvia; Boza-Kiss, Benigna

2011-01-01

As of 2010, the energy service market in Europe is still far from utilising its full potential. Wide-scale peer-reviewed studies investigating the development and up-to-date status of the European ESCo market are scarce. This article presents a comprehensive insight of the European ESCo industry based on the results from a large-scale survey carried out 2009-2010 in 39 European countries. The observed market development during the period 2007-2010, trends in business practices, and factors influencing the ESCo industry evolution are described. Finally, having considered the remaining barriers and the supporting factors as well as the successful experiences in Europe, policy measures that could further promote ESCo activities are proposed. - Highlights: → ESCo markets in Europe continue to show diverse stages of development. → Between 2007 and 2010 the European ESCo market underwent a slow growth. → European states have introduced favourable legislative framework for energy conservation. → Loan guarantees recognising the ESCo contractual model increase the access to finance. → Establishment of quality standards and certification schemes for ESCos are essential.

The policy challenges of tradable credits: A critical review of eight markets

International Nuclear Information System (INIS)

Sovacool, Benjamin K.

2011-01-01

This article offers a critical review of eight tradable permit markets: water permits at Fox River, Wisconsin; the U.S. leaded gasoline phase-out; sulfur dioxide credits under the U.S. Clean Air Act Amendments of 1990; the Regional Clean Air Incentives Market (RECLAIM) for controlling ozone and acid rain in Southern California; renewable energy credit trading at the regional level in the United States; individual transferrable quotas for fisheries at the national level in New Zealand; carbon credits traded under the European Union-Emissions Trading Scheme; and carbon offsets permitted under the Clean Development Mechanism of the Kyoto Protocol. By 'critical' the article does not fully weigh the costs and benefits of each tradable credit scheme and instead identifies key challenges and problems. By 'review' the author relied exclusively on secondary data from an interdisciplinary review of the academic literature. Rather than performing as economic theory suggests, the article shows that in many cases credit markets are prone to compromises in program design, transaction costs, price volatility, leakage, and environmental degradation. The article concludes by discussing the implications of these problems for those seeking to design more equitable and effective public policies addressing environmental degradation and climate change. - Research Highlights: →This study reviews eight tradable credit markets. →It finds that markets are prone to common problems. →It concludes that tradable permit markets are political instruments as much as they are economic ones.

A longitudinal study of the implementation experiences of the Australian National Disability Insurance Scheme: investigating transformative policy change.

Science.gov (United States)

Carey, Gemma; Dickinson, Helen

2017-08-17

Internationally there has been a growth in the use of publicly funded service markets as a mechanism to deliver health and social services. This has accompanied the emergence of 'self-directed care' in a number of different policy areas including disability and aged care - often referred to as 'personalisation' (Giaimo and Manow, Comp. Pol Stud 32:967-1000, 1999; Needham, Public Money Manage 30:136-8, 2010; [Hood], [The Idea of Joined-up Government: A Historical Perspective], [2005]; Klijn and Koppenjan, Public Manage 2:437-54, 2000, Greener, Policy Polit 36:93-108, 2008). These reforms are underpinned by an idea that individuals should be placed in control of their own service needs, given funding directly by government and encouraged to exercise choice and control through purchasing their own services. A major challenge for governments in charge of these reforms is determining the best way to structure and govern emerging service markets markets. Given the growing international embrace of market-based reform mechanisms to provide essential services to citizens, finding ways to ensure they promote, and not diminish, people's health and wellbeing is vital. The Australian National Disability Insurance Scheme (NDIS) is Australia's first national approach to the use of personalised budgets. The program of research outlined in this paper brings together streams from a range of different studies in order to investigate the implementation of the NDIS longitudinally across different administrative levels of government, service providers and scheme participants. This programme of research will make a contribution to our understanding of the Australian scheme and how individualised funding operates within this context, but will also generate much needed evidence that will have relevance to other jurisdictions and help fill a gap in the evidence base.

Assessment of emission trading impacts on competitive electricity market price

DEFF Research Database (Denmark)

Singh, S.N.; Saxena, D.; Østergaard, Jacob

2011-01-01

analyzes the impact of electricity prices in the competitive electricity markets having a uniform market clearing price mechanism. Findings - It is found that the electricity prices depend on the system loading, generation mix, etc. at a particular hour. Various emission trading instruments are discussed...... side emission trading impact on electricity prices in the competitive power market. Design/methodology/approach - Various schemes are suggested and are being implemented to achieve this objective. It is expected that electricity price will increase due to imposition of emission taxes. This paper...... with a special emphasis on the European market. Research limitations/implications - Block bidding of the suppliers is considered whereas the demand is assumed to be inelastic. Originality/value - The emission trading impacts are analyzed on a simple example....

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

Coal marketing in Europe - time to look at strategy

Energy Technology Data Exchange (ETDEWEB)

Chapman, G. [Energy Edge Ltd. (United Kingdom)

2004-09-23

Two emerging policies, the Large Combustion Plant Directive and the European emissions trading scheme, pose the greatest challenge to coal's desirability as a fuel source in history. The paper outlines the implications of these pieces of legislation. It then suggests what factors need to be considered by thermal coal marketers, under the heading: understand your products; understand the needs of the customer; and understand the drivers of other fuels. The quicker the aspects of both new and old drivers can be assimilated into a marketing strategy that realises the new operating environment the quicker new opportunities and threats can be recognised to create a competitive advantage in the European coal marketing arena.

Alberta oil sands crudes : upgrading and marketing

International Nuclear Information System (INIS)

Ashar, M.

2008-01-01

Open pit mining and in situ techniques, such as steam stimulation, are used to recover Alberta's bitumen and heavy oil resources, which have higher viscosities than conventional hydrocarbons. The bitumen is typically upgraded to synthetic crude oil (SCO). In the simplest processing scheme, the bitumen is blended with diluent for ease in pipeline transport and then processed at refineries with upgrading facilities. The bitumen is also upgraded to light SCO at world-scale upgraders in Alberta. The SCO is then processed at refineries in downstream markets. The 2 categories of upgrading, notably primary and secondary upgrading, were described in this article along with technology options for both categories. Slurry hydrocracking is regarded as the most interesting emerging residual fuel upgrading technology. It combines special catalyst mixes with the latest slurry reactor designs as well as innovative catalyst capture and recycle schemes to produce very high conversions and potentially superior upgrading economics. The increase in volume and rate of SCO from Alberta provides refiners in the oil sands marketing sector an unprecedented choice of opportunities to improve profitability. Key trends indicate that production will increase substantially from 2008 to 2030. 5 figs

Alberta oil sands crudes : upgrading and marketing

Energy Technology Data Exchange (ETDEWEB)

Ashar, M. [Suncor Energy, Fort McMurray, AB (Canada)

2008-05-15

Open pit mining and in situ techniques, such as steam stimulation, are used to recover Alberta's bitumen and heavy oil resources, which have higher viscosities than conventional hydrocarbons. The bitumen is typically upgraded to synthetic crude oil (SCO). In the simplest processing scheme, the bitumen is blended with diluent for ease in pipeline transport and then processed at refineries with upgrading facilities. The bitumen is also upgraded to light SCO at world-scale upgraders in Alberta. The SCO is then processed at refineries in downstream markets. The 2 categories of upgrading, notably primary and secondary upgrading, were described in this article along with technology options for both categories. Slurry hydrocracking is regarded as the most interesting emerging residual fuel upgrading technology. It combines special catalyst mixes with the latest slurry reactor designs as well as innovative catalyst capture and recycle schemes to produce very high conversions and potentially superior upgrading economics. The increase in volume and rate of SCO from Alberta provides refiners in the oil sands marketing sector an unprecedented choice of opportunities to improve profitability. Key trends indicate that production will increase substantially from 2008 to 2030. 5 figs.

Accounting for early action in the European Union Emission Trading Scheme

International Nuclear Information System (INIS)

Arto, Inaki; Gallastegui, Carmen; Ansuategi, Alberto

2009-01-01

In the context of emission markets, failure to include early action (EA) as a criterion when sharing out the reduction effort may be unfair. This paper presents (1) a method based on index decomposition that seeks to quantify EA and (2) a method for determining effort sharing considering EA. It is shown that, in the case of European industry (EU-15) and for the period 1995-2005, EA accounted for a reduction of 21% in energy-related CO 2 emissions. Considering two alternative schemes for sharing out the reduction effort in European industry, equal shares (all industries in all countries reduce their emissions by the same percentage) and taking EA into account, we find that Spain, Austria, Italy, the United Kingdom and Sweden would be better off under an equal shares scheme as opposed to one that takes EA into account. The efforts of the remaining countries would be greater than if EA was taken into account. An equal shares scheme would also greatly benefit the textile, non-metallic mineral, paper and 'other' industries, and would be particularly detrimental to the chemical, non-ferrous and other metal, and engineering industries.

Accounting for early action in the European Union Emission Trading Scheme

Energy Technology Data Exchange (ETDEWEB)

Arto, Inaki [IEP, Instituto de Economia Publica, University of the Basque Country, Avd. Lehendakari Agirre, 48015 Bilbao (Spain); Departamento de Fundamentos del Analisis Economico I, University of the Basque Country, Avd. Lehendakari Agirre, 48015 Bilbao (Spain); Gallastegui, Carmen [IEP, Instituto de Economia Publica, University of the Basque Country, Avd. Lehendakari Agirre, 48015 Bilbao (Spain); Ansuategi, Alberto [Departamento de Fundamentos del Analisis Economico I, University of the Basque Country, Avd. Lehendakari Agirre, 48015 Bilbao (Spain)

2009-10-15

In the context of emission markets, failure to include early action (EA) as a criterion when sharing out the reduction effort may be unfair. This paper presents (1) a method based on index decomposition that seeks to quantify EA and (2) a method for determining effort sharing considering EA. It is shown that, in the case of European industry (EU-15) and for the period 1995-2005, EA accounted for a reduction of 21% in energy-related CO{sub 2} emissions. Considering two alternative schemes for sharing out the reduction effort in European industry, equal shares (all industries in all countries reduce their emissions by the same percentage) and taking EA into account, we find that Spain, Austria, Italy, the United Kingdom and Sweden would be better off under an equal shares scheme as opposed to one that takes EA into account. The efforts of the remaining countries would be greater than if EA was taken into account. An equal shares scheme would also greatly benefit the textile, non-metallic mineral, paper and 'other' industries, and would be particularly detrimental to the chemical, non-ferrous and other metal, and engineering industries. (author)

Measurement of the thermal conductivity from construction materials; Medicion de conductividad termica de materiales de construccion

Energy Technology Data Exchange (ETDEWEB)

Lira Cortes, Leonel; Xaman Villasenor, Jesus P; Chavez Chena, Yvonne [CENIDET: Centro Nacional de Investigacion y Desarrollo Tecnologico, Cuernavaca, Morelos (Mexico)

2000-07-01

en la industria de la construccion. Sin embargo actualmente en Mexico no existen datos reportados de los materiales que se fabrican y utilizan en nuestro pais, por lo que se opta por tomar los resultados reportados en la literatura, cuyos valores en su mayoria no corresponden a los materiales mexicanos. Con objeto de cubrir esta necesidad, en el CENIDET se desarrollo un instrumento para determinar la conductividad termica de materiales aislantes y de construccion. A la fecha se han venido realizando estudios a diferentes materiales, los cuales son proporcionados por los fabricantes, con la intencion de obtener datos de conductividad termica reales y aplicarlos con entera confianza en simulaciones de calculos de cargas termicas. En este trabajo se presentan los resultados de medicion de la conductividad termica aparente de dos diferentes materiales de construccion, bloque de piedra pomez y bloque de tezontle. La medicion se realizo con un instrumento absoluto y primario conforme a la norma ANSI/ASTM C-177-97. El principio de operacion del aparato se basa en la tecnica de transferencia de calor por conduccion en estado permanente entre dos placas, el experimento se lleva a cabo usando un aparato de placa caliente con guarda (APCG). Dada la zona geografica en la que se pretenden utilizar los dos materiales estudiados, se concluye que los resultados obtenidos muestran mejores propiedades para ambos con respecto a los valores reportados de los materiales similares, en virtud de que estos materiales se piensan aplicar en un clima humedo como lo es el estado de Puebla, Mexico.

Obesity and industry self-regulation of food and beverage marketing: a literature review.

Science.gov (United States)

Ronit, K; Jensen, J D

2014-07-01

Obesity is a growing concern at national and international levels, and it is increasingly recognised that the industry has a role in and hence needs to be involved in halting the obesity epidemic. The objective of this study is to describe, analyse and evaluate research on industry self-regulation regarding food and beverage marketing and nutrition labelling. Five databases were searched for combinations of the search terms-obesity, nutrition, food, beverages, industry, self-regulation, labelling, advertising and marketing-and papers were selected on the basis of paper titles and, subsequently, on the basis of abstracts. Of the 4978 identified publications, 22 were included in the final review. The studies show that commitments in industry self-regulation schemes tend to be relatively vague and permissive, that the measurable effects of the self-regulations tend to be relatively small and that some extent of public regulation may catalyse the effectiveness of industry self-regulation. Although the reviewed studies vary in terms of analytic units and methods applied, they generally stress an ineffectiveness of existing self-regulation schemes. Food industry self-regulation in relation to obesity prevention is an emerging field of research, and further research is needed in such schemes' definitions of regulatory standards, their monitoring and sanctioning mechanisms, and their interactions with public regulation, if industry self-regulation of marketing behaviour is to become an effective and credible approach.

Knowledge and uptake of community-based health insurance scheme among residents of Olowora, Lagos

Directory of Open Access Journals (Sweden)

O A Ibukun

2013-01-01

Full Text Available Background and Objective: The informal sector population in developing nations has low health coverage from Community Based Health Insurance (CBHI and problems such as limited awareness about the potential impact of prepayment health financing and the limited resources to finance health care can impede success. This study assessed the community based health insurance scheme uptake and determinants in Olowora, Lagos State. Methods: This was a descriptive cross sectional study carried out in July 2010 in all households of 12 out of 41 streets in Olowora,by multistage sampling. Four hundred and sixteen interviewer-administered questionnaires were completed and returned. Analysis was by Epi- info version 3.5.1 software. Results: Although 75.5% of respondents were aware of the Community Health Insurance scheme at Olowora, just about half (49.5% of them had good knowledge of the scheme. A substantial proportion (44.2% of respondents did not believe in contributing money for illness yet to come, and majority (72.3% of such respondents prefers payment for health care when ill. While about half (53% of respondentshad enrolled into the community health insurance scheme, 45.6% of those who had not enrolled were not aware of the scheme. Lack of money was the main reason (51.5% why some enrollees had defaulted. Conclusion: The study identified information gaps and poor understanding of the scheme as well as poverty as factors that have negatively affected uptake. The scheme management has to re-evaluate its sensitization programmes, and also strengthen marketing strategies with special emphasis on the poor.

Pulp & paper markets cope with high energy prices and growth in Asia : markets for paper, paperboard and woodpulp, 2005-2006

Science.gov (United States)

Peter J. Ince

2006-01-01

\\tPulp and paper markets in the UNECE region were influenced by higher energy prices and demand growth in Asia in 2005 and 2006. Important developments in Europe included the launching of the EU Emissions Trading Scheme, which was followed by substantial increases in electrical energy prices. High global energy prices pushed up costs of production and prices for pulp...

Microanálisis de la aplicación de nch-iso 17025. of 2001 y estimación de la incertidumbre de las mediciones en un laboratorio de la Universidad del Bío-Bío

Directory of Open Access Journals (Sweden)

Hernán Arias Muñoz

2004-07-01

Full Text Available La NCh-ISO 17025. Of 2001, Requisitos generales para la competencia de los laboratorios de ensayo y calibración, especifica los requisitos generales y establece la competencia para efectuar ensayos y/o calibraciones, incluyendo muestreo. Comprende ensayos y calibraciones efectuados usando métodos  normalizados, métodos no normalizados y métodos desarrollados por el laboratorio. Es aplicable a todos los laboratorios, independiente de la cantidad de personal o la extensión del alcance de las actividades. La acreditación es un procedimiento mediante el cual, en interés de la sociedad, un organismo autorizado como el Instituto Nacional de Normalización, INN,  evalúa y declara formalmente la competencia técnica de un organismo evaluador de la conformidad (laboratorio para llevar a cabo tareas específicas en base a una normativa, como la NCh-ISO 17025. Of 2001. El objetivo de la acreditación es aumentar la confianza que la sociedad tiene en la información que proporcionan los organismos evaluadores de la conformidad o calidad (laboratorios. La NCh-ISO 17025. Of 2001 contiene dos grandes áreas, entre otras, una parte que especifica los requisitos de gestión y otra que indica la competencia técnica para el tipo de ensayos y/o calibraciones que los laboratorios realicen.  En  los requisitos técnicos, el que acarrea mayor complejidad en la práctica corresponde a la Estimación de la incertidumbre de las mediciones. El Laboratorio de Ciencias de la Construcción, perteneciente a la Universidad del Bío-Bío, funciona como organismo evaluador de la conformidad (laboratorio de ensayos. Con la finalidad de demostrar competencia al respecto, el laboratorio mantiene un proyecto que lo relaciona directamente con la NCh-ISO 17025. Of 2001 a través de uno de los requisitos técnicos de esta normativa, la Estimación de la incertidumbre de las mediciones. La  estimación de la incertidumbre de las mediciones es posible de enfrentar

Valuation of Non-Market Ecosystem Services of Forests

DEFF Research Database (Denmark)

Taye, Fitalew Agimass

Forests provide a multitude of ecosystem services to society. However, not all such services are being reflected in market prices and that leads to underestimation of their economic values and suboptimal management schemes. Therefore, non-market valuation is required to provide complementary...... information for better forest management that underpins the concept of total economic values. In this thesis, the non-market ecosystem services of forests are evaluated with a focus on showing the impact of forest management. The thesis consists of four papers that address three main research questions: 1......) Which forest structural characteristics and features affect recreational preferences? 2) Does childhood forest experience determine forest visiting habit in adulthood? And 3) How does environmental attitude influence individuals’ willingness to pay for forest management initiatives designed to enhance...

Evaluation the Role of Securities Market in Increasing the Regional Budget Revenues

Directory of Open Access Journals (Sweden)

Aleksandr Yemelyanovich Miller

2015-09-01

Full Text Available In the article, the relevant problem of increasing the regional budget revenues is investigated. The subject matter of the research is the securities market as a mechanism for the redistribution of financial resources. The purpose of the research is justification of the effective scheme feasible in the current environment of the interaction of the securities market and the regional budget. In the study of the above-mentioned subject, the hypothesis of a close relationship between state and non-state finance system was taken as a basis. The theoretical principle of the research supports the theory of the stock market; to achieve the purpose, the institutionally-functional approach to the study of state finances is applied. As the result of the research, possible common grounds of the securities market and the regional financial system are identified; the reserve of improving efficiency of the securities market in the Western Siberia regions are revealed; the model reflecting the dependence of tax revenues from the pace of regional economic development is constructed; promising areas for development of the securities market for the benefit of the regional economy and regional financial system are formulated; the possible effect from the development of regional securities market on regional budget revenues is estimated. The results mentioned above are recommended to be apllied when developing regional financial policies and programmes of region socio-economic development. A long-term stimulation of the growth in incomes of regional budgets is a very complex process, but with the proper elaboration of organizational issues, the implementation of the proposed scheme for interaction of the securities market and the regional financial system is capable to provide a steady increase in tax revenue in the short term and alleviate the problem of financing costs of the regional budget.

Price subsidies and the market for mosquito nets in developing countries: A study of Tanzania's discount voucher scheme.

Science.gov (United States)

Gingrich, Chris D; Hanson, Kara; Marchant, Tanya; Mulligan, Jo-Ann; Mponda, Hadji

2011-07-01

This study uses a partial equilibrium simulation model to explore how price subsidies for insecticide-treated mosquito nets (ITNs) affect households' purchases of ITNs. The model describes the ITN market in a typical developing country and is applied to the situation in Tanzania, where the Tanzania National Voucher Scheme (TNVS) provides a targeted subsidy to vulnerable population groups by means of a discount voucher. The data for this study come from a nationally-representative household survey completed July-August 2006 covering over 4300 households in 21 districts. The simulation results show the impact of the voucher program on ITN coverage among target households, namely those that experienced the birth of a child. More specifically, the share of target households purchasing an ITN increased from 18 to 62 percent because of the discount voucher. The model also suggests that the voucher program could cause the retail ITN price to rise due to an overall increase in demand. As a result, ITN purchases by households without a voucher may actually decline. The simulation model suggests that additional increases toward the stated goal of 80 percent ITN coverage for pregnant women and children could best be achieved through a combination of "catch up" mass distribution programs and expanding the target group for the voucher program to cover additional households. The model can be employed in other countries considering use of a targeted price subsidy for ITNs, and could be adapted to assess the impact of subsidies for other public health commodities. Copyright © 2011 Elsevier Ltd. All rights reserved.

Active Labor Market Programs and Reservation Wages: Its a Hazard

DEFF Research Database (Denmark)

Sørensen, Kenneth Lykke

Using a randomized controlled trial, this paper shows that positive earnings effects of labor market programs might be driven by an employment and/or a wage effect. The findings of this paper suggest that treated individuals in a high-intense scheme are more prone to have lowered short- term...

Emission trading schemes: potential revenue effects, compliance costs and overall tax policy issues

International Nuclear Information System (INIS)

Pope, Jeff; Owen, Anthony D.

2009-01-01

The case for the imposition of carbon (emission) taxes or tradable carbon permits in important tax jurisdictions is arguably strong, based upon the polluter pays principle first proposed by Pigou almost a century ago. This paper briefly reviews the arguments for and against these market-based instruments, and discusses their relative advantages and disadvantages in a practical context. In the case of Australia, the revenue effect of the proposed tradable carbon permits scheme is estimated to be A$11.5 billion in 2010-11. For comparison, this is roughly equivalent to a quarter of the revenue from the Goods and Services Tax. The paper focuses on three neglected aspects of climate change taxation discussion to date: how much tax revenue is likely to be raised, and the administrative and compliance costs of an emissions trading scheme, with particular reference to Australia. In discussing these issues, the paper draws upon selected and relevant international experience, particularly the European Union emissions trading scheme. The challenges of an emissions trading scheme, including integration with the existing tax system, particularly in an Australian context, are also discussed. The paper concludes by emphasising the key challenges and issues facing this 'ultimate externality' debate, particularly from a taxation policy perspective.

Adaptive protection scheme

Directory of Open Access Journals (Sweden)

R. Sitharthan

2016-09-01

Full Text Available This paper aims at modelling an electronically coupled distributed energy resource with an adaptive protection scheme. The electronically coupled distributed energy resource is a microgrid framework formed by coupling the renewable energy source electronically. Further, the proposed adaptive protection scheme provides a suitable protection to the microgrid for various fault conditions irrespective of the operating mode of the microgrid: namely, grid connected mode and islanded mode. The outstanding aspect of the developed adaptive protection scheme is that it monitors the microgrid and instantly updates relay fault current according to the variations that occur in the system. The proposed adaptive protection scheme also employs auto reclosures, through which the proposed adaptive protection scheme recovers faster from the fault and thereby increases the consistency of the microgrid. The effectiveness of the proposed adaptive protection is studied through the time domain simulations carried out in the PSCAD⧹EMTDC software environment.

Electricity market design for facilitating the integration of wind energy. Experience and prospects with the Australian National Electricity Market

International Nuclear Information System (INIS)

MacGill, Iain

2010-01-01

Australia has been an early and enthusiastic adopter of both electricity industry restructuring and market-based environmental regulation. The Australian National Electricity Market (NEM) was established in 1999 and Australia also implemented one of the world's first renewable energy target schemes in 2001. With significant recent growth in wind generation, Australia provides an interesting case for assessing different approaches to facilitating wind integration into the electricity industry. Wind project developers in Australia must assess both potential energy market and Tradeable Green Certificate income streams when making investments. Wind-farm energy income depends on the match of its uncertain time varying output with the regional half hourly market price; a price that exhibits daily, weekly and seasonal patterns and considerable uncertainty. Such price signals assist in driving investments that maximize project value to the electricity industry as a whole, including integration costs and benefits for other participants. Recent NEM rule changes will formally integrate wind generation in the market's scheduling processes while a centralized wind forecasting system has also been introduced. This paper outlines experience to date with wind integration in the NEM, describes the evolution of market rules in response and assesses their possible implications for facilitating high future wind penetrations. (author)

The market for equity release products: lessons from the ...

African Journals Online (AJOL)

market growth are explored in detail in this research. Key words: l ife ... terms of sustaining old-age income and social schemes. He argues that ... Over time, the household equity increases; this is due both to the value of the property .... Improved health among the population results in both increased life expectancy and the ...

Employers and the Implementation of Active Labor Market Policies

Directory of Open Access Journals (Sweden)

Thomas Bredgaard

2016-03-01

Full Text Available Active labor market policies (ALMPs are an important instrument for governments in dealing with the new challenges of globalization, flexibilization, and individualization of labor markets. Politics and research has focused on the supply-side of the labor market, that is, regulating the rights and obligations of the target groups of ALMPs (mainly unemployed and inactive persons. The role and behavior of employers is under-researched and under-theorized in the vast literature on ALMPs and industrial relations. In this article, we analyze ALMPs from the employers’ perspective by examining the determinants of firms’ participation in providing wage subsidy jobs for the unemployed. First, we examine the historical background to the introduction and development of wage subsidy schemes as an important ALMP instrument in Denmark. Second, we derive theoretical arguments and hypotheses about employers’ participation in ALMPs from selected theories. Third, we use data from a survey of Danish firms conducted in 2013 to characterize the firms that are engaged in implementing wage subsidy jobs and hypotheses are tested using a binary logistical regression to establish why firms voluntarily engage in reintegrating unemployed back into the labor market. We find that the firms which are most likely to participate in the wage subsidy scheme are characterized by many unskilled workers, a higher coverage of collective agreements, a deteriorating economic situation, a Danish ownership structure, and are especially found in the public sector. This shows that the preference formation of firms is more complex than scholars often assume.

Comparative study of numerical schemes of TVD3, UNO3-ACM and optimized compact scheme

Science.gov (United States)

Lee, Duck-Joo; Hwang, Chang-Jeon; Ko, Duck-Kon; Kim, Jae-Wook

1995-01-01

Three different schemes are employed to solve the benchmark problem. The first one is a conventional TVD-MUSCL (Monotone Upwind Schemes for Conservation Laws) scheme. The second scheme is a UNO3-ACM (Uniformly Non-Oscillatory Artificial Compression Method) scheme. The third scheme is an optimized compact finite difference scheme modified by us: the 4th order Runge Kutta time stepping, the 4th order pentadiagonal compact spatial discretization with the maximum resolution characteristics. The problems of category 1 are solved by using the second (UNO3-ACM) and third (Optimized Compact) schemes. The problems of category 2 are solved by using the first (TVD3) and second (UNO3-ACM) schemes. The problem of category 5 is solved by using the first (TVD3) scheme. It can be concluded from the present calculations that the Optimized Compact scheme and the UN03-ACM show good resolutions for category 1 and category 2 respectively.

Natural gas markets in the Pacific Rim

International Nuclear Information System (INIS)

Hertzmark, D.I.

1991-01-01

In the 1980s, Asian energy markets expanded at a rapid rate to meet the surge in demand from Japan, South Korea, and Taiwan. This demand boom coincided with an increase in non-OPEC oil production in the region. As oil production stabilizes, demand appears to be surging again, but this time in the Southeast Asian countries. Natural gas will play a key role in this expansion of energy use and could start to lead rather than follow the oil market. This will be especially true as compressed natural gas and oxygenates start to take significant shares of the transportation fuel markets, while the role of residual fuel oil is increasingly usurped by gas for environmental reasons. Many new gas sources such as Papua New Guinea, Siberia, China, and Canada will fight for market share while domestic demand in Indonesia and Malaysia takes up increasing proportions of those countries' gas production. Extensive regional transportation schemes are likely to direct more of the gas output of Southeast Asia to intra-ASEAN uses. 2 tabs

Can preapproval jump-start the allowance market

Energy Technology Data Exchange (ETDEWEB)

Dudek, D.J.; Goffman, J.

1992-06-01

With compliance deadlines approaching in three years, utility, environmental and financial planners and their regulators are in the process of grappling with the requirements imposed, and opportunities created, by the acid rain program established under Title 4 of the Clean Air Act amendments of 1990. The novel element of the program - emissions or allowance trading through a nationwide allowance market - presents great challenges for utilities and their regulators. Perhaps the foremost challenge is establishing the allowance market. If state utility commissions subject utilities' compliance strategies to traditional after-the-fact prudence reviews, as tradition would impel them to do, the attendant regulatory risks are likely to push utilities toward more conservative compliance schemes that underuse allowance trading (as the exchange at the head of this article demonstrates). If that happens, the market will fail to develop, and its full potential for environmental benefit at least cost will go unrealized. This, in turn, is likely to strengthen the case for non-market regulatory mechanisms - a vicious circle. In this paper, the authors suggest a way out of this.

Can preapproval jump-start the allowance market?

International Nuclear Information System (INIS)

Dudek, D.J.; Goffman, J.

1992-01-01

With compliance deadlines approaching in three years, utility, environmental and financial planners and their regulators are in the process of grappling with the requirements imposed, and opportunities created, by the acid rain program established under Title 4 of the Clean Air Act amendments of 1990. The novel element of the program - emissions or allowance trading through a nationwide allowance market - presents great challenges for utilities and their regulators. Perhaps the foremost challenge is establishing the allowance market. If state utility commissions subject utilities' compliance strategies to traditional after-the-fact prudence reviews, as tradition would impel them to do, the attendant regulatory risks are likely to push utilities toward more conservative compliance schemes that underuse allowance trading (as the exchange at the head of this article demonstrates). If that happens, the market will fail to develop, and its full potential for environmental benefit at least cost will go unrealized. This, in turn, is likely to strengthen the case for non-market regulatory mechanisms - a vicious circle. In this paper, the authors suggest a way out of this

Impact of Inter- and Intra-Regional Coordination in Markets With a Large Renewable Component

DEFF Research Database (Denmark)

Delikaraoglou, Stefanos; Morales González, Juan Miguel; Pinson, Pierre

2016-01-01

counterproductive or inefficient under uncertain supply, e.g., from weather-driven renewable power generation. In the absence of a specific target model for the common balancing market in Europe, we introduce a framework to compare different coordination schemes and market organizations. The proposed models......The establishment of the single European day-ahead market has accomplished a crucial step towards the spatial integration of the European power system. However, this new arrangement does not consider any intra-regional coordination of day-ahead and balancing markets and thus may become...... are formulated as stochastic equilibrium problems and compared against an optimal market setup. The simulation results reveal significant efficiency loss in case of partial coordination and diversity of market structure among regional power systems....

EU Emission Allowances and the stock market Evidence from the electricity industry

International Nuclear Information System (INIS)

Oberndorfer, Ulrich

2009-01-01

This paper constitutes - to our best knowledge - the first econometric analysis on stock market effects of the EU Emission Trading Scheme (EU ETS). Our results suggest that EU Emission Allowance (EUA) price developments matter to the stock performance of electricity firms: EUA price changes and stock returns of the most important European electricity corporations are shown to be positively related. This effect does not work asymmetrically, so that stock markets do not seem to react differently to EUA appreciations in comparison to depreciations. The carbon market effect is shown to be both time- and country-specific: It is particularly strong for the period of EUA market shock in early 2006, and differs with respect to the countries where the electricity corporations analysed are headquartered. Stock market reactions to EUA volatility could not be shown. (author)

Designing and developing an accreditation scheme for renewable energy with full consultation of interested parties

Energy Technology Data Exchange (ETDEWEB)

Denne, T.; Wakerley, S.

1998-11-01

This document sets out a plan for the development of a labelling system to promote consumer sales of New and Renewable Electricity. A New and Renewable Electricity Verification Scheme is a mechanism to assist the development of an end-user market in new and renewable electricity. It provides two key features: a means for separately tracking new and renewable electricity using a methodology for verifying generation source; and a label for identifying new and renewable electricity (NRE) as a distinct product. The objectives of the scheme would be to: provide customers wishing to purchase NRE with confidence in the product; and to provide value to the new and renewable energy sector. (author)

Community wind power ownership schemes in Europe and their relevance to the United States

Energy Technology Data Exchange (ETDEWEB)

Bolinger, Mark

2001-05-15

With varying success, the United States and Europe have followed a more or less parallel path of policies to support wind development over the past twenty years. Feed-in laws and tax incentives first popularized in California in the early 1980s and greatly expanded upon in Europe during the 1990s are gradually giving way to market-based support mechanisms such as renewable portfolio standards, which are being implemented in one form or another in ten US states and at least three European nations. At the same time, electricity markets are being liberalized in both the US and Europe, and many electricity consumers are being given the choice to support the development of renewable energy through higher tariffs, both in traditionally regulated and newly competitive markets. One notable area in which wind development in Europe and United States has not evolved in common, however, is with respect to the level of community ownership of wind turbines or clusters. While community ownership of wind projects is unheard of in the United States, in Europe, local wind cooperatives or other participatory business schemes have been responsible for a large share of total wind development. In Denmark, for example, approximately 80% of all wind turbines are either individually or cooperatively owned, and a similar pattern holds in Germany, the world leader in installed wind capacity. Sweden also has a strong wind cooperative base, and the UK has recently made forays into community wind ownership. Why is it that wind development has evolved this way in Europe, but not in the United States? What incremental effect have community-owned wind schemes had on European wind development? Have community-owned wind schemes driven development in Europe, or are they merely a vehicle through which the fundamental driving institutions have been channeled? Is there value to having community wind ownership in the US? Is there reason to believe that such schemes would succeed in the US? If so, which

Designing incentive schemes for promoting energy-efficient appliances: A new methodology and a case study for Spain

International Nuclear Information System (INIS)

Galarraga, Ibon; Abadie, Luis M.; Kallbekken, Steffen

2016-01-01

The energy-efficiency gap has been high on research and policy agendas for several decades. Incentive schemes such as subsidies, taxes and bonus-malus schemes are widely used to promote energy-efficient appliances. Most research, however, considers instruments in isolation, and only rarely in the context of political constraints on instrument use, or for alternative policy goals. This paper presents a methodology for the optimal design of incentive schemes based on the minimisation of Dead Weight Loss for different policy goals and policy restrictions. The use of the methodology is illustrated by designing optimal combinations of taxes and subsidies in Spain for three types of appliance: dishwashers, refrigerators and washing machines. The optimal policies are designed subject to different policy goals such as achieving a fixed reduction in emissions or a certain increased market share for efficient appliances, and for policy constraints such as budget neutrality. The methodology developed here can also be used to evaluate past and current incentive schemes. - Highlights: • A new methodology for the optimal design of incentive schemes is presented. • This is done minimising the Dead Weight Loss for different goals and restrictions. • Efficient bonus malus schemes can be designed with this method.

Development of Dalaelven hydro power scheme in Sweden

International Nuclear Information System (INIS)

Kokko, Voitto; Hjerthen, Peter; Ingfaelt, Hans; Loewen, Karl-Erik; Sjoegren, Arne

2015-01-01

The Dalaelven hydro scheme is located in central Sweden. Fortum has in the scheme 50 dams and 35 hydro power plants producing 4 TWh energy with a capacity of 970 MW. The main reservoirs are Lake Siljan and Traengsletsjoen with Traengslet dam, the highest earth-filled dam in Sweden. Development of the hydro scheme started 1878 with construction of four power plants for industry until 1930. From 1931 to 1974 15 power plants were built for increasing electricity consumption. De-regulation of the energy market in 1990's and EU environmental targets in 2000's resulted in the rehabilitation of ten power plants between 1990 and 2014 with increased annual energy production of 377 GWh (29%) and capacity 124 MW (59%). This energy decreases the annual CO 2 emissions with 125918 tons in comparison to production of the same amount of energy by coal. In several cases the rehabilitation was made in new power houses, allowing the development of the layout and technology of civil structures, and use of state-of-art equipment. Sweden uses the green certificate system, and 235 GWh of the energy received this certificate. Other environmental benefits come from use of the environmentally friendly Kaplan turbines and construction of some new fish pass. There are further plans to increase the spillway capacity of Traengslet dam and to rehabilitate eight power plant units. The possibilities of obtaining the Environmental licences for the rehabilitations has became challenging in the past years and green certificates are nowadays agreed only for increased energy. (authors)

Timing Foreign Exchange Markets

Directory of Open Access Journals (Sweden)

Samuel W. Malone

2016-03-01

Full Text Available To improve short-horizon exchange rate forecasts, we employ foreign exchange market risk factors as fundamentals, and Bayesian treed Gaussian process (BTGP models to handle non-linear, time-varying relationships between these fundamentals and exchange rates. Forecasts from the BTGP model conditional on the carry and dollar factors dominate random walk forecasts on accuracy and economic criteria in the Meese-Rogoff setting. Superior market timing ability for large moves, more than directional accuracy, drives the BTGP’s success. We explain how, through a model averaging Monte Carlo scheme, the BTGP is able to simultaneously exploit smoothness and rough breaks in between-variable dynamics. Either feature in isolation is unable to consistently outperform benchmarks throughout the full span of time in our forecasting exercises. Trading strategies based on ex ante BTGP forecasts deliver the highest out-of-sample risk-adjusted returns for the median currency, as well as for both predictable, traded risk factors.

‘Command Without Control’: Are Market Mechanisms Capable of Delivering Ecological Integrity to REDD?

Directory of Open Access Journals (Sweden)

Simon West

2010-12-01

Full Text Available Market mechanisms have been increasingly touted over the last 40 years as the most ecologically effective and economically efficient way to solve environmental problems. The problem of deforestation has been increasingly recognised in the climate change regime over the last 15 years as a major source of greenhouse gas emissions. Correspondingly many politicians, academics and commentators believe that linking forestry conservation projects to international carbon markets is potentially a cost-efficient way of reducing emissions and stabilising temperature rise below two degrees Celsius. This belief has been translated into a broad set of policy proposals generally named REDD (reducing emissions from deforestation and forest degradation. This paper will assess whether a market-linked REDD programme is in fact capable of preventing deforestation efficiently and within the timescale needed. The history of forestry activities within the climate regime will be outlined, before proposals for a market-linked REDD are analysed in the context of contemporary academic discourse and in the context of ‘real-world’ experience. The ability of a market-linked REDD mechanism to ensure adequate measurement, reporting and verification (MRV, land tenure, public participation, and public-private interaction is questioned. Indeed, the paper concludes by suggesting that the lessons drawn from studying previous market-linked schemes for environmental protection indicate that a market-linked REDD scheme will not achieve the desired reductions in greenhouse gasses in the timescale required, and could in fact be an expensive distraction from other simpler and faster methods of carbon reduction.

The influence of spatial effects on wind power revenues under direct marketing rules

International Nuclear Information System (INIS)

Grothe, Oliver; Müsgens, Felix

2013-01-01

In many countries, investments in renewable technologies have been accelerated by fixed feed-in tariffs for electricity from renewable energy sources (RES). While fixed tariffs accomplish this purpose, they lack incentives to align the RES production with price signals. Today, the intermittency of most RES increases the volatility of electricity prices and makes balancing supply and demand more complicated. Therefore, support schemes for RES have to be modified. Recently, Germany launched a scheme which gives wind power operators the monthly choice to either receive a fixed tariff or to risk a – subsidized – access to the wholesale electricity market. This paper quantifies revenues of wind turbines under this new subsidy and analyzes whether, when and where producers may profit. We find that the position of the wind turbine within the country significantly influences revenues in terms of EUR/MWh. The results are important for wind farm operators deciding whether electricity should be sold in the fixed feed-in tariff or in the wholesale market. However, no location is persistently, i.e., in every calendar month of the year, above the average. This limits the effect of the new subsidy scheme on investment locations and long term improvements in the aggregated wind feed-in profile. - Highlights: • Germany couples feed-in tariff for renewable energies to hourly market prices. • Analysis of position of wind turbines on relative revenues in EUR/MW. • Quantification of locational effect for policy makers and investors

Strategies and practices in off-label marketing of pharmaceuticals: a retrospective analysis of whistleblower complaints.

Directory of Open Access Journals (Sweden)

Aaron S Kesselheim

2011-04-01

Full Text Available Despite regulatory restrictions, off-label marketing of pharmaceutical products has been common in the US. However, the scope of off-label marketing remains poorly characterized. We developed a typology for the strategies and practices that constitute off-label marketing.We obtained unsealed whistleblower complaints against pharmaceutical companies filed in US federal fraud cases that contained allegations of off-label marketing (January 1996-October 2010 and conducted structured reviews of them. We coded and analyzed the strategic goals of each off-label marketing scheme and the practices used to achieve those goals, as reported by the whistleblowers. We identified 41 complaints arising from 18 unique cases for our analytic sample (leading to US$7.9 billion in recoveries. The off-label marketing schemes described in the complaints had three non-mutually exclusive goals: expansions to unapproved diseases (35/41, 85%, unapproved disease subtypes (22/41, 54%, and unapproved drug doses (14/41, 34%. Manufacturers were alleged to have pursued these goals using four non-mutually exclusive types of marketing practices: prescriber-related (41/41, 100%, business-related (37/41, 90%, payer-related (23/41, 56%, and consumer-related (18/41, 44%. Prescriber-related practices, the centerpiece of company strategies, included self-serving presentations of the literature (31/41, 76%, free samples (8/41, 20%, direct financial incentives to physicians (35/41, 85%, and teaching (22/41, 54% and research activities (8/41, 20%.Off-label marketing practices appear to extend to many areas of the health care system. Unfortunately, the most common alleged off-label marketing practices also appear to be the most difficult to control through external regulatory approaches.

Strategies and practices in off-label marketing of pharmaceuticals: a retrospective analysis of whistleblower complaints.

Science.gov (United States)

Kesselheim, Aaron S; Mello, Michelle M; Studdert, David M

2011-04-01

Despite regulatory restrictions, off-label marketing of pharmaceutical products has been common in the US. However, the scope of off-label marketing remains poorly characterized. We developed a typology for the strategies and practices that constitute off-label marketing. We obtained unsealed whistleblower complaints against pharmaceutical companies filed in US federal fraud cases that contained allegations of off-label marketing (January 1996-October 2010) and conducted structured reviews of them. We coded and analyzed the strategic goals of each off-label marketing scheme and the practices used to achieve those goals, as reported by the whistleblowers. We identified 41 complaints arising from 18 unique cases for our analytic sample (leading to US$7.9 billion in recoveries). The off-label marketing schemes described in the complaints had three non-mutually exclusive goals: expansions to unapproved diseases (35/41, 85%), unapproved disease subtypes (22/41, 54%), and unapproved drug doses (14/41, 34%). Manufacturers were alleged to have pursued these goals using four non-mutually exclusive types of marketing practices: prescriber-related (41/41, 100%), business-related (37/41, 90%), payer-related (23/41, 56%), and consumer-related (18/41, 44%). Prescriber-related practices, the centerpiece of company strategies, included self-serving presentations of the literature (31/41, 76%), free samples (8/41, 20%), direct financial incentives to physicians (35/41, 85%), and teaching (22/41, 54%) and research activities (8/41, 20%). Off-label marketing practices appear to extend to many areas of the health care system. Unfortunately, the most common alleged off-label marketing practices also appear to be the most difficult to control through external regulatory approaches.

How much market do market-based instruments create? An analysis for the case of 'white' certificates

International Nuclear Information System (INIS)

Langniss, Ole; Praetorius, Barbara

2006-01-01

Among the diverse economic instruments to foster energy efficiency (EE) and climate protection, tradable certificates have been investigated for renewable energy, and the EU directive on an emissions-trading scheme for CO 2 certificates has been approved in 2003. In contrast, tradable energy efficiency-or 'white'-certificates have only lately been considered as a market-based tool to foster EE as compared with standards and labelling, for example. Theoretically, there is little doubt about the advantages. In practice, however, some fundamental problems arise. Critical issues are the design of an efficient artificial market for white certificates, its compatibility with the European emissions-trading system, the identification of a suitable target group for an EE obligation and the measurement of energy savings as compared with a reference use of energy. We use the theoretical framework of transaction cost economics to elaborate these issues. We conclude that transaction costs and investment specificity will restrict markets for white certificates in practice. Long-term contracts rather than spot trade will be the prevailing form of governance for EE investments. (author)

Load-shift incentives for household demand response: Evaluation of hourly dynamic pricing and rebate schemes in a wind-based electricity system

DEFF Research Database (Denmark)

Katz, Jonas; Møller Andersen, Frits; Morthorst, Poul Erik

2016-01-01

under scenarios with large shares of wind power in a Danish case study. Our results indicate strategies that could be favourable in ensuring high adoption of products and efficient response by households. We find that simple pricing schemes, though economically less efficient, could become important......Applying a partial equilibrium model of the electricity market we analyse effects of exposing household electricity customers to retail products with variable pricing. Both short-term and long-term effects of exposing customers to hourly spot market prices and a simpler rebate scheme are analysed...... in an early phase to initialise the development of household demand response. At a later point, when long-term dynamics take effect, a larger effort should be made to shift consumers onto real-time rates, and an increased focus on overall adoption of variable pricing will be required. Another finding...

Hybrid renewable energy support policy in the power sector: The contracts for difference and capacity market case study

International Nuclear Information System (INIS)

Onifade, Temitope Tunbi

2016-01-01

The article employs qualitative methods in contextualizing and conceptualizing the hybrid renewable energy support policy. It claims that hybrid policies may combine distinct mechanisms to drive desirable objectives better than traditional policies. A policy cycle helps to frame the United Kingdom's Contracts for Difference and Capacity Market (CFD & CM) scheme as a case study. The CFD & CM policy emerged to address environmental and energy challenges through the deployment of renewable energy (RE) in a low-carbon economy, employing liberalization: Environmental protection is foremost in this scheme. The policy combines and improves on the elements of feed-in tariff (FIT) and quota obligation (QO), and strives to solve the problems of these traditional policies. It addresses regulatory uncertainty under FIT by employing private law mechanics to guarantee above-loss reward for low carbon generation, and addresses market uncertainty under QO by incentivizing the capacity to supply future low carbon energy based on projected demand, hence creating a predictable and stable market. It also accommodates other important commitments. Overall, the CFD & CM scheme is a hybrid policy that engages the energy market mainly for advancing the end goal of environmental protection. To thrive however, it needs to meet private sector interests substantially. - Highlights: •The hybrid support policy combines traditional support systems. •Hybrid policies may drive objectives better than traditional policies. •The UK's contract for difference and capacity market system is a hybrid policy. •Environmental protection is foremost in the UK's hybrid policy. •To thrive, the UK's hybrid policy should address private sector interests.

Electricity market models and RES integration: The Greek case

International Nuclear Information System (INIS)

Simoglou, Christos K.; Biskas, Pandelis N.; Vagropoulos, Stylianos I.; Bakirtzis, Anastasios G.

2014-01-01

This paper presents an extensive analysis of the Greek electricity market for the next 7-year period (2014–2020) based on an hour-by-hour simulation considering five different RES technologies, namely wind, PV, small hydro, biomass and CHP with emphasis on PV integration. The impact of RES penetration on the electricity market operation is evaluated under two different models regarding the organization of the Greek wholesale day-ahead electricity market: a mandatory power pool for year 2014 (current market design) and a power exchange for the period 2015–2020 (Target Model). An integrated software tool is used for the simulation of the current and the future day-ahead market clearing algorithm of the Greek wholesale electricity market. Simulation results indicate the impact of the anticipated large-scale RES integration, in conjunction with each market model, on specific indicators of the Greek electricity market in the long-term. - Highlights: • Analysis of the Greek electricity market for the next 7-year period (2014–2020) based on hour-by-hour simulation. • Five different RES technologies are considered with emphasis on PV integration. • A power pool (for 2014) and a power exchange (for 2015–2020) are considered. • Various market indicators are used for the analysis of the impact of the RES integration on the Greek electricity market. • Two alternative tariff schemes for the compensation of the new ground-mounted PV units from 2015 onwards are investigated

DEPOSIT GUARANTEE SCHEMES JOIN FINANCIAL SAFETY-NET

Directory of Open Access Journals (Sweden)

Eugen Dijmarescu

2011-03-01

Full Text Available Deposit Guarantee Schemes (DGS become more visible under the current conditions of the world financial markets. If those have played in the past a rather discreet role for social stability through the function of pay box following a bank failure, the recent crisis put them in a new light, once the guarantee ceiling for eligible deposits grew in order to make for the accumulation of wealth worldwide and the increased risk incurred by the leverage of banking operations. Consequently, the resources accumulated by the DGS from the member banks and their proper management make possible their involvement in pre-emptive actions aimed to avoid bankruptcies via special administration and purchase of assets and assumption of liabilities. These new attributes give DGS a role in the mechanism of financial safety-net, along the supervisors of the market. Hence, an increased preoccupation for applied corporate governance has developed and Core Principles for Effective Deposit Insurance Systems have been adopted by the Basel Committee on Banking Supervision together with International Association of Deposit Insurers. Concurrently, the EU Commission has put forward a process for reviewing the Directives 94/39 and 09/14 EC, in order to make the European DGS more prepared to deal with above mentioned issues and bestow increased confidence upon depositors.

Labour Supply Effects of a Subsidised Old-Age Part-Time Scheme in Austria

OpenAIRE

Nikolaus Graf; Helmut Hofer; Rudolf Winter-Ebmer

2009-01-01

In this paper we evaluate the impact of the old-age part-time scheme (OAPT) on the Austrian labour market which was a policy to allow flexible retirement options for the elderly with an aim to increase labour supply. According to our matching estimates employment probability increases slightly, especially in the first two years after entrance into the programme. Furthermore, the programme seems to reduce the measured unemployment risk. However, the total number of hours worked is significantl...

Green certificates and greenhouse gas emissions certificates - Instruments of the liberalized electricity market in Romania

International Nuclear Information System (INIS)

Matei, Magdalena; Salisteanu, Cornel; Enescu, Diana; Ene, Simona; Matei, Lucian; Marinescu, Mihai

2006-01-01

Governmental Decision No. 443/2003 and GD 1892 / 2004 aimed to the harmonization of the Romanian legislative framework with EU Directive 2001/77/EC which purposes to promote an increasing in the contribution of RES to electricity production in the internal market for electricity. In Romania's case green certificate system was adopted with mandatory quotas for suppliers as a national target for 2010 of 33 % of total consumption to be covered by electricity produced from renewable energy sources. The annual maximum and minimum value for Green Certificates trading is 24 Euro/certificate and 42 Euro/certificate, respectively. Suppliers are obliged to buy yearly a number of Green certificates equal with the mandatory quota multiplied with the amount of electricity sold yearly to their final consumers. The additional price received for the Green Certificates sold is determined on a parallel market, separated from the electricity market, where the environmental benefits of the 'clean' electricity production are traded. The regulator can modify these quotas established by Government Decision when the installed capacity in the power plants which use RES cannot secure the demand of Green Certificates; This system was introduced in November 2005. The number of issued green certificates in 2005 was only 345, so by ANRE Order no. 46 / 2005, the mandatory quota for 2005 was reduced at 2.6% from legal quota established for 2005. In the first month of 2006 5997 Green Certificates were sold at the price of 146 RON. Emissions trading is the most compatible flexible mechanisms of Kyoto Protocol with deregulated electricity markets. The Directive 2003/87/CE referring at CO 2 emission trading within Europe came into force and till 31 March 2004 all the countries had to present to the Commission their national plan to comply with Directive's rules. There is great uncertainty worldwide on how GHG emissions reduction and trading schemes will develop. Previous visions of a single (Kyoto

Hybrid control scheme for distributed energy resource management in a market context

DEFF Research Database (Denmark)

Han, Xue; Bindner, Henrik W.; Mehmedalic, Jasmin

2015-01-01

In modernizing the electricity grid, distributed energy resources (DERs) can play an important role in accommodating intermittent energy sources, assisting system operation and the transition to a smart grid. Proper aggregation and coordination of the available DER units is required to provide...... flexibility to meet regular demand from the distribution system operator (DSO). By considering both their physical constraints and the economical system operation, this paper proposes a realtime hybrid management system for DER units in a market environment, which considers both the request from the DSO...

Impact of the liberalization of the electricity market on the waste processing sector in the Netherlands

International Nuclear Information System (INIS)

Lomme, S.; Buist, G.

2001-01-01

The consequences of the deregulation of the electricity sector for the waste incinerating market in the Netherlands are discussed. Attention is paid to technical and organizational characteristics of the market for electricity, the mechanism that determines the hierarchy of power plants in the total electric power production sector, the dilemma of flexibility versus throughput, and the importance of sustainable and green electricity. The appendix holds a scheme for the sale of energy in a free market and a list of contract variables [nl

FPGA implementation cost and performance evaluation of IEEE 802.11 protocol encryption security schemes

Science.gov (United States)

Sklavos, N.; Selimis, G.; Koufopavlou, O.

2005-01-01

The explosive growth of internet and consumer demand for mobility has fuelled the exponential growth of wireless communications and networks. Mobile users want access to services and information, from both internet and personal devices, from a range of locations without the use of a cable medium. IEEE 802.11 is one of the most widely used wireless standards of our days. The amount of access and mobility into wireless networks requires a security infrastructure that protects communication within that network. The security of this protocol is based on the wired equivalent privacy (WEP) scheme. Currently, all the IEEE 802.11 market products support WEP. But recently, the 802.11i working group introduced the advanced encryption standard (AES), as the security scheme for the future IEEE 802.11 applications. In this paper, the hardware integrations of WEP and AES are studied. A field programmable gate array (FPGA) device has been used as the hardware implementation platform, for a fair comparison between the two security schemes. Measurements for the FPGA implementation cost, operating frequency, power consumption and performance are given.

FPGA implementation cost and performance evaluation of IEEE 802.11 protocol encryption security schemes

International Nuclear Information System (INIS)

Sklavos, N; Selimis, G; Koufopavlou, O

2005-01-01

The explosive growth of internet and consumer demand for mobility has fuelled the exponential growth of wireless communications and networks. Mobile users want access to services and information, from both internet and personal devices, from a range of locations without the use of a cable medium. IEEE 802.11 is one of the most widely used wireless standards of our days. The amount of access and mobility into wireless networks requires a security infrastructure that protects communication within that network. The security of this protocol is based on the wired equivalent privacy (WEP) scheme. Currently, all the IEEE 802.11 market products support WEP. But recently, the 802.11i working group introduced the advanced encryption standard (AES), as the security scheme for the future IEEE 802.11 applications. In this paper, the hardware integrations of WEP and AES are studied. A field programmable gate array (FPGA) device has been used as the hardware implementation platform, for a fair comparison between the two security schemes. Measurements for the FPGA implementation cost, operating frequency, power consumption and performance are given

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.......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....

Emerging product carbon footprint standards and schemes and their possible trade impacts

DEFF Research Database (Denmark)

Bolwig, Simon; Gibbon, Peter

footprints or procedures for certification or labelling. Nonetheless, to date only a few thousand products have been footprinted. As PCFs are already becoming market access requirements for bio-fuels imported to the EU, and may also become EU market access requirements for all mass-produced goods within 10......Concern over climate change has stimulated interest in estimating the total amount of greenhouse gasses produced during the life-cycle of goods and services - i.e. during their production, transportation, sale, use and disposal. The outcome of these calculations is referred to as "product carbon...... footprints" (PCFs). The paper reviews the rationale, context, coverage and characteristics of emerging standards and certification schemes that estimate and designate PCFs, and discusses the possible impacts on trade, particularly exports from distant and developing countries. It draws on a survey of PCF...

Present and future nuclear power financing schemes

International Nuclear Information System (INIS)

Diel, R.

1977-01-01

The financial requirement for nuclear power plants in the Federal Republic of Germany for the period up until 1985 was estimated to run up to some DM 100 billion already in the Nuclear Energy Study published by the Dresdner Bank in 1974. This figure is not changed in any way by the reduction the nuclear power program has suffered in the meantime, because the lower requirement for investment capital is more than offset by the price increases that have occurred meanwhile. A capital requirement in the order of DM 100 billion raises major problems for the power producing industry and the banks which, however, are not going to hamper the further expansion of nuclear power, because new financing schemes have been specially developed for the nuclear field. They include financing by leasing, the use of funds from real estate credit institutions for long term financing, borrowing of long term funds in the Euro market, and financing through subsidiaries of the utilities. The new financing schemes also apply to the large financial requirement associated with the nuclear fuel cycle, waste management in particular. In this sector the utilities agree to bear the economic risk of the companies implementing the respective projects. Accordingly, financing will not entail any major difficulties. Another area of great importance is export financing. The German-Brazilian nuclear agreement is a model of this instrument. (orig.) [de

Deterministic Simulation of Alternative Breeding Objectives and Schemes for Pure Bred Cattle in Kenya

International Nuclear Information System (INIS)

Kahi, A.K.

2002-01-01

Alternative breeding objectives and schemes for milk production were evaluated for their economic efficiency using deterministic simulation. A two-tier open nucleus breeding scheme and a young bull system (YBS) were assumed with intensive recording and 100% artificial insemination (AI) in the nucleus and 35% AI in the commercial population, which was assumed to comprise of the smallholder herds. Since most production systems are dual purpose, breeding objectives were defined, which represented different scenarios. These objectives represented the present (objective 1- dual purpose), smallholder (objective 2- dual purpose with limited mature live weight) and future production situations (objective 3- dual purpose with fat based milk price). Breeding objectives differed in the trials included and their economic values while the breeding schemes differed in records available for use as selection criteria as well as in the costs and investment parameters. since the main question for establishing a breeding and recording programme is that of efficiency of investment, the monetary genetic response and profit per cow in the population were used as evaluation criteria. All breeding objectives and schemes realized profits. The objectives and schemes that ranked highly for annual monetary genetic response and total return per cow did not rank the same in profit per cow in all cases. In objective 3, the scheme that assumed records on fat yield (FY) were available for use as selection criterion and that, which assumed no records on FY,differed very little in profit per cow (approximately 4%). Therefore, under the current production and marketing conditions, a breeding scheme that requires measuring of the fat content does not seem to be justified from an economic point of view. There is evidence that a well-organised breeding programme utilizing an open nucleus, a YBS and the smallholder farms as well as commercial population could sustain itself

The future of the Feed-in Tariff (FiT) scheme in Europe: The case of photovoltaics

International Nuclear Information System (INIS)

Pyrgou, Andri; Kylili, Angeliki; Fokaides, Paris A.

2016-01-01

The key objective of this study is the examination of the regulatory and policy framework of the feed-in-tariff (FiT) scheme, specifically its effect on both the electricity pricing as well as the local and European renewable energy sources (RES) market, and accordingly the definition of its feasibility as a scheme for the further development and promotion of renewable energy technologies (RETs). This work discusses the FiT scheme implementation for photovoltaics (PVs) in four case study countries - Denmark, Germany, Cyprus, and Spain. A model describing the conditions under which a FiT scheme is led to collapse is also introduced and a parametric analysis towards revealing the sensitivity of the different parameters affecting it, is delivered. The study concludes with significant policy implications that should be considered for future implementation of the scheme. For the prevention of the collapse of the scheme, the tariff's value ought to be determined by each country's government based on a set of influencing factors including the operational, capital and investment costs of each RET, the standard cost of renewable energy (RE) generation and the avoidance cost, which would be regularly reviewed depending on the excess of the annual capacity. - Highlights: •Feasibility conditions of FiT schemes examined focusing on the treasury of 4 countries. •FiT's drawbacks led to its collapse less than a decade from its application. •Model for the prediction of the performance of the FiT scheme introduced. •Allocation of the economic growth to penetration rate affects FiT positively. •RES penetration into the energy mix has the highest impact on FiT's sustainability.

Forecasting electricity market pricing using artificial neural networks

International Nuclear Information System (INIS)

Pao, Hsiao-Tien

2007-01-01

Electricity price forecasting is extremely important for all market players, in particular for generating companies: in the short term, they must set up bids for the spot market; in the medium term, they have to define contract policies; and in the long term, they must define their expansion plans. For forecasting long-term electricity market pricing, in order to avoid excessive round-off and prediction errors, this paper proposes a new artificial neural network (ANN) with single output node structure by using direct forecasting approach. The potentials of ANNs are investigated by employing a rolling cross validation scheme. Out of sample performance evaluated with three criteria across five forecasting horizons shows that the proposed ANNs are a more robust multi-step ahead forecasting method than autoregressive error models. Moreover, ANN predictions are quite accurate even when the length of the forecast horizon is relatively short or long

An ex-ante evaluation of a White Certificates scheme in The Netherlands: A case study for the household sector

International Nuclear Information System (INIS)

Oikonomou, Vlasis; Rietbergen, Martijn; Patel, Martin

2007-01-01

Increased efficiency of energy demand is generally recognized as a very cost-effective strategy to reduce energy requirements and the related environmental impacts (e.g. the greenhouse effect). In order to improve energy efficiency the use of innovative market mechanisms, such as the White Certificates (WhC), has been proposed. The basic idea underlying this policy instrument is that specific energy saving targets are set for energy suppliers or energy distributors. These requirements must be fulfilled in a predefined time frame. The focus of this paper is on the effect on energy efficiency improvement, on the behavior of the end consumers and the market of energy efficiency measures. Furthermore, we study the possible effects of WhC in The Netherlands by means of a theoretical analysis and an empirical bottom-up model. We compare concrete energy efficient technologies in terms of cost-effectiveness and energy efficiency improvement. In combination with existing Dutch policies for energy efficiency improvement in the built environment, the contribution of this innovative scheme could enhance the accomplishment of energy efficiency targets. In this paper, two packages of energy saving measures of a WhC scheme are studied for Dutch households. The costs of these technologies are estimated through the use of different discount rates, which imply overcoming of the market barriers through the use of the WhC. A scheme that includes all available technologies as flexible options appears as a realistic solution and can generate cost effectively up to 180 PJ primary energy savings and 4550 M Euro cumulative net savings in the year 2020, at a discount rate of 5%, under the precondition that the policy and administrative costs can be kept low

Impact of the european emission trading scheme for the air transportation industry on the valuation of aircraft purchase rights

International Nuclear Information System (INIS)

Tarradellas-Espuny, J.; Salamero-Salas, A.; Martinez-Costa, C.

2009-01-01

The European Commission issued a legislative proposal in December 2006, suggesting a cap on CO 2 emissions for all planes arriving or departing from EU airports, while allowing airlines to buy and sell pollution credits on the EU carbon market (Emission Trading Scheme, or ETS). In 2008 the new scheme got the final approval. Real options appear to be ab appropriate methodology to capture the extra value brought by the new legislation on new airplane purchase rights: The airline will surely have the purchase right to the new plane if the operation of the plane generates unused pollution credits that the airline can sell at a minimum price in the carbon market. This paper tries to determine if the impact of ETS in the valuation of aircraft purchase rights is significant enough in monetary terms to include the new legislation in a complex real-option model already proposed by the authors recently. The research concludes that even the impact of ETS justifies its inclusion in the model, the quality of the available sets of historical data still raises some questions. Particularly, the assumption of market efficiency for the Carbon Pool over the recent years needs to be treated with caution. (Author) 9 refs

Contesting legitimacy of voluntary sustainability certification schemes: valuation languages and power asymmetries in the roundtable on sustainable palm oil in Colombia

NARCIS (Netherlands)

Marin-Burgos, V.; Clancy, Joy S.; Lovett, Jonathan Cranidge

2015-01-01

Voluntary certification schemes aimed at assuring producer compliance with a set of sustainability criteria have emerged as market-based instruments (MBIs) of sustainability governance. However, the impacts they tackle can be part of a complex arena of socio-environmental conflict, where values and

Strategies and Practices in Off-Label Marketing of Pharmaceuticals: A Retrospective Analysis of Whistleblower Complaints

Science.gov (United States)

Kesselheim, Aaron S.; Mello, Michelle M.; Studdert, David M.

2011-01-01

Background Despite regulatory restrictions, off-label marketing of pharmaceutical products has been common in the US. However, the scope of off-label marketing remains poorly characterized. We developed a typology for the strategies and practices that constitute off-label marketing. Methods and Findings We obtained unsealed whistleblower complaints against pharmaceutical companies filed in US federal fraud cases that contained allegations of off-label marketing (January 1996–October 2010) and conducted structured reviews of them. We coded and analyzed the strategic goals of each off-label marketing scheme and the practices used to achieve those goals, as reported by the whistleblowers. We identified 41 complaints arising from 18 unique cases for our analytic sample (leading to US$7.9 billion in recoveries). The off-label marketing schemes described in the complaints had three non–mutually exclusive goals: expansions to unapproved diseases (35/41, 85%), unapproved disease subtypes (22/41, 54%), and unapproved drug doses (14/41, 34%). Manufacturers were alleged to have pursued these goals using four non–mutually exclusive types of marketing practices: prescriber-related (41/41, 100%), business-related (37/41, 90%), payer-related (23/41, 56%), and consumer-related (18/41, 44%). Prescriber-related practices, the centerpiece of company strategies, included self-serving presentations of the literature (31/41, 76%), free samples (8/41, 20%), direct financial incentives to physicians (35/41, 85%), and teaching (22/41, 54%) and research activities (8/41, 20%). Conclusions Off-label marketing practices appear to extend to many areas of the health care system. Unfortunately, the most common alleged off-label marketing practices also appear to be the most difficult to control through external regulatory approaches. Please see later in the article for the Editors' Summary PMID:21483716

The Cannabis Infringement Notice scheme in Western Australia: a review of policy, police and judicial perspectives.

Science.gov (United States)

Sutton, Adam; Hawks, David

2005-07-01

Western Australia (WA) became the fourth Australian jurisdiction to adopt a 'prohibition with civil penalties scheme' for minor cannabis offences when its Cannabis Infringement Notice (CIN) scheme became law on 22 March 2004. This study examined the attitudes and practices of policy makers, members of the law enforcement and magistracy and other judicial sectors involved in enforcing the new scheme, and their views as to its likely impact on the drug market. As part of the pre--post evaluation of the legislative reforms a sample of 30 police, other criminal justice personnel and policy makers have been qualitatively interviewed. Data were collected both at the pre-implementation stage (March and June 2003) and shortly after the Act became operational (mid-June 2004). The Western Australia Police Service's implementation of the CIN scheme has been extremely professional. However, these early results suggest that while the CIN scheme has been designed to take into account problems with similar schemes elsewhere in Australia, possible problems include: some operational police being unsure about the operation of the scheme; expected savings in police resources will probably be reduced by procedures which require offenders to be taken back to the station rather than issue notices on the spot as intended by the scheme's architects; probable net widening; problems with exercise of police discretion to issue a CIN; and public misunderstanding of the scheme. In the early months of the scheme understanding of the new laws among both police and members of the public was far from perfect. For the system to achieve the outcomes intended by legislators, it is essential that levels of understanding improve. Media and other campaigns to inform the public that cannabis cultivation and use remain illegal, and to warn about risks associated with cannabis use, should be extended. As it will be at least 18 months before the scheme is operationally settled in, the media and others

Promoting nuclear energy: market price or regulated tariffs? - 5042

International Nuclear Information System (INIS)

Percebois, J.

2015-01-01

Because of its negative effects, the scheme for aiding renewable energies presently in force in Europe is likely to penalise investments in nuclear energy. The F.I.T. system is a costly mechanism and a source of perverse effects as a switching of the merit order curve on the spot electricity market (with sometimes negative prices). Restoring an equity and 'equal opportunity' for nuclear energy in Europe needs to implement a 'Contract for Differences' scheme for nuclear energy, like the model now gaining favour in the U.K. The contract for differences signed between EDF and the UK government means that if the wholesale price that EDF secures for Hinckley's power falls below the index-linked preset value, the difference will be covered by payments from the UK government. It appears that nuclear power has weakened in Europe by the system of guaranteed purchase prices for renewable energies. Moreover this system is costly. New fairer rules must be implemented in the market. Either the market is left on its own to send the signals to all investors (including renewable energies), or a minimum of regulation is introduced in order to limit the costly surges of under and over capacity. But in the latter case it is necessary to treat all the energy sources in an equal way and guarantee the nuclear industry that it will also recover its fixed costs over the long term)

Requirements and operation of decentralised power plants in the changing power market

International Nuclear Information System (INIS)

Hoenings, Norbert; Hornig, Niels; Steinbach, Sebastian

2014-01-01

E.ON plans and realises distributed industrial power plants on the basis of contracting schemes. Target is to reduce energy costs without investment by the customer himself. Gas turbine CHP plants are very flexible and offer many possibilities for the operator to adjust optimally to a constantly changing energy market. This aspect is becoming increasingly important due to the increasing share of renewables. However, the economic situation for CHP plants has deteriorated significantly, due to the current market situation distorted by the subsidised renewable power generation. (orig.)

The impact of financing schemes and income taxes on electricity generation costs

International Nuclear Information System (INIS)

Bertel, E.; Plante, J.

2007-01-01

Electricity generation cost estimates reported in many national and international studies provide a wealth of data to support economic assessments, and eventually to guide choices on generation sources and technologies. However, although the electricity generating cost is the criterion generally selected to present results, it is calculated by various means in different studies because the chosen approach must be relevant to the context of the specific project (private vs. stated-owned investor, regional differences...). The traditional constant-money levelized generation cost methodology is widely used by utilities, government agencies and international organisations to provide economic assessments of alternative generation options. It gives transparent and robust results, especially suitable for screening studies and international comparisons. However, the method, which is strictly economic, does not take into account all the factors influencing the choice of investors in liberalized electricity markets. In particular, it does not take into account financing schemes and income taxes which may hate a significant impact on the capital cost to be supported by the investor. The approach described below is based on the overall framework of average levelized lifetime cost evaluation, but it takes into account the financing scheme adopted by the investor and the income taxes supported by the plant operator/utility. It is similar to models which are used to analyse the economics of competing electricity generation sources in liberalized electricity markets, such as the merchant plant cash flow model adopted in the MIT study. (authors)

Study of network resource allocation based on market and game theoretic mechanism

Science.gov (United States)

Liu, Yingmei; Wang, Hongwei; Wang, Gang

2004-04-01

We work on the network resource allocation issue concerning network management system function based on market-oriented mechanism. The scheme is to model the telecommunication network resources as trading goods in which the various network components could be owned by different competitive, real-world entities. This is a multidisciplinary framework concentrating on the similarity between resource allocation in network environment and the market mechanism in economic theory. By taking an economic (market-based and game theoretic) approach in routing of communication network, we study the dynamic behavior under game-theoretic framework in allocating network resources. Based on the prior work of Gibney and Jennings, we apply concepts of utility and fitness to the market mechanism with an intention to close the gap between experiment environment and real world situation.

Service company marketing communication on the web

Directory of Open Access Journals (Sweden)

Davčik Nebojša St.

2004-01-01

Full Text Available In this paperwork we have analyzed different theoretical and empirical marketing communication approaches. We have formulated Model of online communication which emphasize different off and online influences and impacts on internet consumers. This paperwork gives basic preconditions for formulation and functioning of the model. Model was presented by scheme and explanation of elements in its structure, relations and influences on internet consumers. We have also described difference between traditional and online promotional activities.

Problems of valuation and organization in energy markets

International Nuclear Information System (INIS)

Porchet, A.

2008-01-01

accounts for production constraints and market frictions. The asset value is characterized by means of backward stochastic differential equations and allows for Monte Carlo- and PDE-based numerical methods. The second chapter focuses on the valuation of storage assets like hydro power plants. The average revenue of the asset is characterized as the unique viscosity solution of a nonlinear partial differential equation. The numerical implementation by means of a finite difference scheme is discussed. The third chapter is dedicated to a model of CO 2 emission permit market. A competitive equilibrium model with two markets (electricity spot and CO 2 ) is introduced in a stochastic framework. The equilibrium prices and the positions of the actors are characterized with the aid of a representative agent property. We discuss the impact of the CO 2 regulation on electricity prices, as well as the introduction of alternative trading schemes which lead to lower electricity prices. The last chapter is a study of the relations between hedging and industrial structure. We introduce and characterize the competitive equilibrium of an economy with three markets (retail, forward and spot) in the presence of uncertainty. The actors can have different industrial structures: retailer, producer, trader, or vertically integrated. We derive the relation between the prices and we compare the impact on prices and utilities of the presence of a forward market or of integrated actors. (author)

LevelScheme: A level scheme drawing and scientific figure preparation system for Mathematica

Science.gov (United States)

Caprio, M. A.

2005-09-01

LevelScheme is a scientific figure preparation system for Mathematica. The main emphasis is upon the construction of level schemes, or level energy diagrams, as used in nuclear, atomic, molecular, and hadronic physics. LevelScheme also provides a general infrastructure for the preparation of publication-quality figures, including support for multipanel and inset plotting, customizable tick mark generation, and various drawing and labeling tasks. Coupled with Mathematica's plotting functions and powerful programming language, LevelScheme provides a flexible system for the creation of figures combining diagrams, mathematical plots, and data plots. Program summaryTitle of program:LevelScheme Catalogue identifier:ADVZ Program obtainable from: CPC Program Library, Queen's University of Belfast, N. Ireland Program summary URL:http://cpc.cs.qub.ac.uk/summaries/ADVZ Operating systems:Any which supports Mathematica; tested under Microsoft Windows XP, Macintosh OS X, and Linux Programming language used:Mathematica 4 Number of bytes in distributed program, including test and documentation:3 051 807 Distribution format:tar.gz Nature of problem:Creation of level scheme diagrams. Creation of publication-quality multipart figures incorporating diagrams and plots. Method of solution:A set of Mathematica packages has been developed, providing a library of level scheme drawing objects, tools for figure construction and labeling, and control code for producing the graphics.

Evaluation of the subsidy scheme for heat pumps, pellet-fuelled fireplaces and control systems; Evaluering av tilskuddsordningen til varmepumper, pelletskaminer og styringssystemer

Energy Technology Data Exchange (ETDEWEB)

Bjoernstad, Even; Grande, Jorunn; Sand, Roar; Wendelborg, Christian

2005-07-01

Enova's subsidy scheme for energy economising in households was carried out in 2003. Subsidies were given to investments in heat pumps, pellet-fuelled fireplaces and electric energy management systems. The primary objective for this evaluation is to build knowledge about the effect of such subsidy schemes, and determine if they contribute to the reduction of electricity consumption in households. Questions that are addressed include Enova's administration of the subsidy scheme, the effects on households, the effects on the energy market, prices and technology. It is concluded that the scheme had a varied effect for the three technologies entitled to subsidies, and heat pump applications got 92,5 percent of the total sum. The households that received subsidies are in general positive, and the households that did not are in general not so satisfied with the service. It is concluded Enova has administered the subsidy scheme well, especially considering the time-frame and the changed economical conditions given (ml)

Green certificate markets, the risk of over-investment, and the role of long-term contracts

International Nuclear Information System (INIS)

Kildegaard, Arne

2008-01-01

Several papers have recently analyzed the theory and implementation of renewable energy support schemes. The case for a renewable electricity standard (RES) in tandem with a tradeable green certificate (TGC) market has been largely based on efficiency considerations. Case study evidence is inconclusive, in part due to the short track record, but is not generally favorable. Here we reconsider the efficiency case, both static and dynamic, in light of special characteristics of renewable energy projects. We find that when exclusively high fixed-cost technologies comprise the eligible technology pool, the equilibrium form of contracting obviates the principal efficiency advantages claimed for certificate markets. When low fixed-cost technologies compete alongside high fixed-cost technologies in the certificate market, we show that it is likely that long-term contracts will disappear, and the technological choice will be inefficiently shifted away from the high fixed-cost technology. We consider evidence from three well-developed certificate schemes - in Britain, Sweden, and Texas - and find that it is broadly consistent with the theory here. (author)

Proceedings: 1996 EPRI conference on innovative approaches to electricity pricing: Managing the transition to market-based pricing

International Nuclear Information System (INIS)

1996-03-01

This report presents the proceedings from the EPRI conference on innovative approaches to electricity pricing. Topics discussed include: power transmission pricing; retail pricing; price risk management; new pricing paradigms; changes from cost-based to a market-based pricing scheme; ancillary services; retail market strategies; profitability; unbundling; and value added services. This is the leading abstract. Papers are processed separately for the databases

RE-Shaping. Shaping an effective and efficient European renewable energy market. D20 Report. Consistency with other EU policies, System and Market integration. A Smart Power Market at the Centre of a Smart Grid

Energy Technology Data Exchange (ETDEWEB)

Neuhoff, K.; Boyd, R.; Grau, T. [Climate Policy Initiative, German Institute for Economic Research (DIW Berlin), Berlin (Germany); Hobbs, B.; Newbery, D. [Electricity Policy Research Group, University of Cambridge, Cambridge (United Kingdom); Borggrefe, F. [University of Cologne, Cologne (Germany); Barquin, J.; Echavarren, F. [Universidad Pontificia Comillas, Madrid (Spain); Bialek, J.; Dent, C. [Durham University, Durham (United Kingdom); Con Hirschhausen, C. [Technical University of Berlin, Berlin (Germany); Kunz, F.; Weigt, H. [Technical University of Dresden, Dresden (Germany); Nabe, C.; Papaefthymiou, G. [Ecofys Germany, Berlin (Germany); Weber, C. [Duisberg-Essen University, Duisburg-Essen (Germany)

2011-10-15

The core objective of the RE-Shaping project is to assist Member State governments in preparing for the implementation of Directive 2009/28/EC (on the promotion of the use of energy from renewable sources) and to guide a European policy for RES (renewable energy sources) in the mid- to long term. The past and present success of policies for renewable energies will be evaluated and recommendations derived to improve future RES support schemes. The core content of this collaborative research activity comprises: Developing a comprehensive policy background for RES support instruments; Providing the European Commission and Member States with scientifically based and statistically robust indicators to measure the success of currently implemented RES policies; Proposing innovative financing schemes for lower costs and better capital availability in RES financing; Initiation of National Policy Processes which attempt to stimulate debate and offer key stakeholders a meeting place to set and implement RES targets as well as options to improve the national policies fostering RES market penetration; Assessing options to coordinate or even gradually harmonize national RES policy approaches. In the EU, at least 200 gigawatts (GWs) of new and additional renewable electricity sources may be needed by 2020. The aim of this report is to analyse whether the current electricity market and system design is consistent with such an ambitious target. Using an international comparison, we identify opportunities to improve the power market design currently in place across EU countries so as to support the large scale integration of renewable energy sources.

China in transition: the new health insurance scheme for the urban employed.

Science.gov (United States)

Hindle, D

2000-01-01

China has been very successful in achieving good health at a low cost, mostly through national programs for health promotion and illness prevention. However, increased prosperity in recent years has led to higher expectations for therapeutic care, and the change to a socialist market economy has created new risks and opportunities for both financing and care provision. After several years of experimentation, China committed itself in 1996 to a major reform program which includes implementation of a new method of financing of care for the urban employed population. It comprises a mix of government-operated compulsory basic insurance, individual health savings accounts, and optional private health insurance. This paper outlines the new Scheme, and notes some tactical and strategic issues. I conclude that the Chinese government is correctly choosing to balance new and old ideas, but that there are many challenges to be faced including integration of the new Scheme with the rest of the health care system.

Packet reversed packet combining scheme

International Nuclear Information System (INIS)

Bhunia, C.T.

2006-07-01

The packet combining scheme is a well defined simple error correction scheme with erroneous copies at the receiver. It offers higher throughput combined with ARQ protocols in networks than that of basic ARQ protocols. But packet combining scheme fails to correct errors when the errors occur in the same bit locations of two erroneous copies. In the present work, we propose a scheme that will correct error if the errors occur at the same bit location of the erroneous copies. The proposed scheme when combined with ARQ protocol will offer higher throughput. (author)

Islamic Financial Engineering : Comparative Study Agreements in Islamic Capital Market in Malaysia and Indonesia

Directory of Open Access Journals (Sweden)

Adhitya Ginanjar

2014-03-01

Full Text Available Objective –The objective of this paper is to provide a discussion Islamic Financial Engineering which practice between Indonesian Capital Market and Malaysian capital market. This paper also investigate whether regulator could effectively take a role in materializing demands for Islamic securities and whether regulator declaration is more convincing than sharia compliance declaration between IDX and KLSE.Methods - We use descriptive analytic and literature study to see the background, market response caused by regulatory for Islamic Financial Engineering. We also analyze Islamic capital market regulatory from middle east countries.Results - We find that Islamic Capital Market in KLSE (Malaysian Capital Market more higher growth than IDX (Indonesia Capital Market because of Islamic Capital Regulatory in KLSE much easier to improve Islamic Financial Engineering from conventional schemes.Conclusion - This finding could explain why Islamic Capital Market in KLSE is still growing rapidly and IDX will adjust their Islamic Capital Market Regulatory to compete with regional Islamic Capital Market.Keywords : Islamic Financial Engineering, Risk, Return, Derivative, Hedging, Option, Forward, Hybrid  contract

A MEPS is a MEPS is a MEPS. Comparing Ecodesign and Top Runner schemes for setting product efficiency standards

Energy Technology Data Exchange (ETDEWEB)

Siderius, P.J.S. [NL Agency, Croeselaan 15, P.O. Box 8242, 3503 RE Utrecht (Netherlands); Nakagami, H. [Jyukankyo Research Institute, 3-29, Kioi-cho, Chiyoda-ku Tokyo, 102-0094 (Japan)

2013-02-15

Both Top Runner in Japan and Ecodesign in the European Union are schemes to set requirements on the energy efficiency (minimum efficiency performance standards, MEPS) of a variety of products. This article provides an overview of the main characteristics and results of both schemes and gives recommendations for improving them. Both schemes contribute significantly to the energy efficiency targets set by the European Commission and the Japanese government. Although it is difficult to compare the absolute levels of the requirements, comparison of the relative improvements and of the savings on household electricity consumption (11 % in Japan, 16 % in the EU) suggest they are in the same range. Furthermore, the time needed to set or review requirements is in both schemes considerable (between 5 and 6 years on average) and the manageability increasingly will become a challenge. The appeal of the Top Runner approach is that the most efficient product (Top Runner) sets the standard for all products at the next target year. Although the Ecodesign scheme includes the elements for a Top Runner approach, it could exploit this principle more explicitly. On the other hand, the Top Runner scheme could benefit by using a real minimum efficiency performance standard instead of a fleet average. This would make the monitoring and enforcement more simple and transparent, and would open the scheme for products where the market situation is less clear.

Predictive market segmentation model: An application of logistic regression model and CHAID procedure

Directory of Open Access Journals (Sweden)

Soldić-Aleksić Jasna

2009-01-01

Full Text Available Market segmentation presents one of the key concepts of the modern marketing. The main goal of market segmentation is focused on creating groups (segments of customers that have similar characteristics, needs, wishes and/or similar behavior regarding the purchase of concrete product/service. Companies can create specific marketing plan for each of these segments and therefore gain short or long term competitive advantage on the market. Depending on the concrete marketing goal, different segmentation schemes and techniques may be applied. This paper presents a predictive market segmentation model based on the application of logistic regression model and CHAID analysis. The logistic regression model was used for the purpose of variables selection (from the initial pool of eleven variables which are statistically significant for explaining the dependent variable. Selected variables were afterwards included in the CHAID procedure that generated the predictive market segmentation model. The model results are presented on the concrete empirical example in the following form: summary model results, CHAID tree, Gain chart, Index chart, risk and classification tables.

Strategic Genco offers in electric energy markets cleared by merit order

Science.gov (United States)

Hasan, Ebrahim A. Rahman

In an electricity market cleared by merit-order economic dispatch we identify necessary and sufficient conditions under which the market outcomes supported by pure strategy Nash equilibria (NE) exist when generating companies (Gencos) game through continuously variable incremental cost (IC) block offers. A Genco may own any number of units, each unit having multiple blocks with each block being offered at a constant IC. Next, a mixed-integer linear programming (MILP) scheme devoid of approximations or iterations is developed to identify all possible NE. The MILP scheme is systematic and general but computationally demanding for large systems. Thus, an alternative significantly faster lambda-iterative approach that does not require the use of MILP was also developed. Once all NE are found, one critical question is to identify the one whose corresponding gaming strategy may be considered by all Gencos as being the most rational. To answer this, this thesis proposes the use of a measure based on the potential profit gain and loss by each Genco for each NE. The most rational offer strategy for each Genco in terms of gaming or not gaming that best meets their risk/benefit expectations is the one corresponding to the NE with the largest gain to loss ratio. The computation of all NE is tested on several systems of up to ninety generating units, each with four incremental cost blocks. These NE are then used to examine how market power is influenced by market parameters, specifically, the number of competing Gencos, their size and true ICs, as well as the level of demand and price cap.

A full quantum network scheme

International Nuclear Information System (INIS)

Ma Hai-Qiang; Wei Ke-Jin; Yang Jian-Hui; Li Rui-Xue; Zhu Wu

2014-01-01

We present a full quantum network scheme using a modified BB84 protocol. Unlike other quantum network schemes, it allows quantum keys to be distributed between two arbitrary users with the help of an intermediary detecting user. Moreover, it has good expansibility and prevents all potential attacks using loopholes in a detector, so it is more practical to apply. Because the fiber birefringence effects are automatically compensated, the scheme is distinctly stable in principle and in experiment. The simple components for every user make our scheme easier for many applications. The experimental results demonstrate the stability and feasibility of this scheme. (general)

Performance or marketing benefits? The case of LEED certification.

Science.gov (United States)

Matisoff, Daniel C; Noonan, Douglas S; Mazzolini, Anna M

2014-01-01

Green building adoption is driven by both performance-based benefits and marketing based benefits. Performance based benefits are those that improve performance or lower operating costs of the building or of building users. Marketing benefits stem from the consumer response to green certification. This study illustrates the relative importance of the marketing based benefits that accrue to Leadership in Energy and Environmental Design (LEED) buildings due to green signaling mechanisms, specifically related to the certification itself are identified. Of course, all participants in the LEED certification scheme seek marketing benefits. But even among LEED participants, the interest in green signaling is pronounced. The green signaling mechanism that occurs at the certification thresholds shifts building patterns from just below to just above the threshold level, and motivates builders to cluster buildings just above each threshold. Results are consistent across subsamples, though nonprofit organizations appear to build greener buildings and engage in more green signaling than for-profit entities. Using nonparametric regression discontinuity, signaling across different building types is observed. Marketing benefits due to LEED certification drives organizations to build "greener" buildings by upgrading buildings at the thresholds to reach certification levels.

Policy-making under uncertainty: commentary upon the European Union Emissions Trading Scheme

International Nuclear Information System (INIS)

Haar, L.N.

2006-01-01

The authors undertake a critical assessment of the intellectual foundations supporting the new European Union (EU) Emissions Trading Scheme (ETS, or the Scheme), the cornerstone of polices designed to achieve the targets of the Kyoto Agreement of reducing emissions of greenhouse gases (GHG). Despite its considerable scope, the authors found that officially sponsored research and academic efforts in support of ETS were surprisingly limited. Importantly, in advance of implementation, a definitive consensus on both the potential economic impact and the usefulness of the Scheme in reducing the GHG emissions had not been reached. Reviewing the literature, the authors encountered varying and, at times, conflicting viewpoints, officially and in academic research, on the potential economic impact of the Scheme. These included attempts to quantify its benefits and costs, raising concern that this huge and encompassing multi-national policy initiative may have been launched with inadequate intellectual ground-work. According to the authors consistency between the ETS and other EU policies, such as those relating to energy, should have been a key concern, but such aspects have received only minimal attention in both official and academic research. The European Commission has promoted open and competitive markets for gas and power across member states, but the record in achieving such conditions is relatively poor and the authors argue that, as a result, the environmental objectives of the EU Scheme may not be thwarted. In addition, continuing disagreement over the Kyoto Agreement itself-especially with regard to its potential costs and benefits-further frustrates efforts to rigorously justify a policy in support of reducing GHG emissions. The authors argue that, given the scope of the EU Scheme, the paucity of research evidencing that it is likely to succeed in reducing GHG emissions in the form of CO 2 is surprising and should be of concern to those affected by it along with

Policy-making under uncertainty: Commentary upon the European Union Emissions Trading Scheme

International Nuclear Information System (INIS)

Haar, Laura N.; Haar, Lawrence

2006-01-01

The authors undertake a critical assessment of the intellectual foundations supporting the new European Union (EU) Emissions Trading Scheme (ETS, or the Scheme), the cornerstone of polices designed to achieve the targets of the Kyoto Agreement of reducing emissions of greenhouse gases (GHG). Despite its considerable scope, the authors found that officially sponsored research and academic efforts in support of ETS were surprisingly limited. Importantly, in advance of implementation, a definitive consensus on both the potential economic impact and the usefulness of the Scheme in reducing the GHG emissions had not been reached. Reviewing the literature, the authors encountered varying and, at times, conflicting viewpoints, officially and in academic research, on the potential economic impact of the Scheme. These included attempts to quantify its benefits and costs, raising concern that this huge and encompassing multi-national policy initiative may have been launched with inadequate intellectual ground-work. According to the authors consistency between the ETS and other EU policies, such as those relating to energy, should have been a key concern, but such aspects have received only minimal attention in both official and academic research. The European Commission has promoted open and competitive markets for gas and power across member states, but the record in achieving such conditions is relatively poor and the authors argue that, as a result, the environmental objectives of the EU Scheme may not be thwarted. In addition, continuing disagreement over the Kyoto Agreement itself-especially with regard to its potential costs and benefits-further frustrates efforts to rigorously justify a policy in support of reducing GHG emissions. The authors argue that, given the scope of the EU Scheme, the paucity of research evidencing that it is likely to succeed in reducing GHG emissions in the form of CO 2 is surprising and should be of concern to those affected by it along with

A review of social sustainability considerations among EU-approved voluntary schemes for biofuels, with implications for rural livelihoods

International Nuclear Information System (INIS)

German, Laura; Schoneveld, George

2012-01-01

The rapid expansion of biofuel production and consumption has raised concerns over the social and environmental sustainability of biofuel feedstock production, processing and trade. The European Union (EU) has thus balanced its commitment to biofuels as one option for meeting its renewable energy targets with sustainability criteria for economic operators supplying biofuels to member states. Seven voluntary “EU sustainability schemes” were approved in July, 2011 as a means to verify compliance. While mandated sustainability criteria have a strong environmental focus, a number of these voluntary schemes have social sustainability as a significant component of the requirements put forward for achieving certification. As several of these voluntary schemes are incipient, thereby limiting evidence on their effectiveness in practice, this analysis is based on a comparative analysis of the substantive content or ‘scope’ of these schemes and the likely procedural effectiveness of the same. Findings show that while some schemes have considerable coverage of social sustainability concerns, poor coverage of some critical issues, the presence of schemes lacking any social sustainability requirements, and gaps in procedural rules are likely to undermine the likelihood that social sustainability is achieved through these schemes or the EU sustainability policies lending credibility to them. - Highlights: ► Among 7 voluntary schemes approved by EC-RED for biofuel, social sustainability is sorely lacking. ► 2 Schemes lacking any social sustainability criteria collectively cover all feedstock/regions. ► The strong climate metric effectively sidelines development aspirations of southern producers. ► Only one of 7 standards will leverage the industry's potential as a stimulus to rural development. ► Policies in consumer markets are critical to give teeth to industry-led sustainability schemes.

Dynamic of Arabica Coffee Marketing Organization in Ngada District:Progress Upon Implementing of Geographical Indication

OpenAIRE

Aklimawati, Lya

2017-01-01

Farmer organization has important role on coffee agribusiness development. Organization was positioned as a driving force on farmer economic activities, especially in strengthening partnership networks. Realizing the importance of organization, the aim of this research was to identify the coffee market structure in the scheme of Geographical Indication; to analyze the dynamic of coffee marketing organization at farmers level; and to analyze added value of wet parchment bean sales at the farme...

Transmission usage cost allocation schemes

International Nuclear Information System (INIS)

Abou El Ela, A.A.; El-Sehiemy, R.A.

2009-01-01

This paper presents different suggested transmission usage cost allocation (TCA) schemes to the system individuals. Different independent system operator (ISO) visions are presented using the proportional rata and flow-based TCA methods. There are two proposed flow-based TCA schemes (FTCA). The first FTCA scheme generalizes the equivalent bilateral exchanges (EBE) concepts for lossy networks through two-stage procedure. The second FTCA scheme is based on the modified sensitivity factors (MSF). These factors are developed from the actual measurements of power flows in transmission lines and the power injections at different buses. The proposed schemes exhibit desirable apportioning properties and are easy to implement and understand. Case studies for different loading conditions are carried out to show the capability of the proposed schemes for solving the TCA problem. (author)

Trading behaviour on the continuous intraday market ELBAS

International Nuclear Information System (INIS)

Scharff, Richard; Amelin, Mikael

2016-01-01

Intraday markets for electricity allow for trading of energy until shortly before the period of delivery. This offers market participants a possibility to reduce their expected imbalances and to offer own unused flexibility. Because this form of distributed balancing before the period of delivery can be profitable for market participants as well as beneficial for system operations, intraday trading is expected to gain more importance in future, especially with increasing shares of variable renewable energy sources in the generation mix. So far, intraday markets are still a research field with many open questions. This paper contributes by a first analysis of intraday trades on ELBAS, one of the European intraday markets. The analysis gives a detailed picture on trading activity and price development and is intended to improve understanding of continuous intraday trading. Findings include that trading activity differs significantly between price zones, that most trades occur in the last hours before gate closure and that market participants have to handle substantial price variations during the trading period. The paper also investigates the imbalance settlement rules in the Nordic countries and studies which effects one- and two-price imbalance settlement systems have on the market participants' profitability of intraday trading. - Highlights: • Insights into intraday trading: trading activity and price development. • Special focus is on characteristics of continuous trading. • Intrinsic problems in the Nordic imbalance pricing scheme are discussed. • Implications regarding balancing of generation from vRES.

Simulating GenCo bidding strategies in electricity markets with an agent-based model

International Nuclear Information System (INIS)

Botterud, Audun; Thimmapuram, Prakash R.; Yamakado, Malo

2005-01-01

In this paper we use an agent-based simulation model, EMCAS, to analyze market power in electricity markets. We focus on the effect of congestion management on the ability of generating companies (GenCos) to raise prices beyond competitive levels. An 11-node test power system is used to compare a market design based on locational marginal pricing with a market design that uses system marginal pricing and congestion management by counter trading. Bidding strategies based on both physical and economic withholding are compared to a base case with production cost bidding. The results show that unilateral market power is exercised under both pricing mechanisms. However, the largest changes in consumer costs and GenCo profits due to strategic bidding occur under the locational marginal pricing scheme. The analysis also illustrates that agent-based modeling can contribute important insights into the complex interactions between the participants in transmission-constrained electricity markets. (Author)

Humps in the volatility structure of the crude oil futures market: New evidence

International Nuclear Information System (INIS)

Chiarella, Carl; Kang, Boda; Nikitopoulos, Christina Sklibosios; Tô, Thuy-Duong

2013-01-01

This paper analyses the volatility structure of commodity derivatives markets. The model encompasses hump-shaped, unspanned stochastic volatility, which entails a finite-dimensional affine model for the commodity futures curve and quasi-analytical prices for options on commodity futures. Using an extensive database of crude oil futures and futures options spanning 21 years, we find the presence of hump-shaped, partially spanned stochastic volatility in the crude oil market. The hump shaped feature is more pronounced when the market is more volatile, and delivers better pricing as well as hedging performance under various dynamic factor hedging schemes. - Highlights: • This paper analyses the volatility structure of commodity derivatives markets. • 21-years of data on crude oil futures and futures options is used. • The crude oil futures market has hump-shaped, unspanned stochastic volatility. • The hump shaped feature is more pronounced when the market is more volatile. • Hump shape delivers better pricing and hedging compared to exponential decay

Load profiles analysis for electricity market

Directory of Open Access Journals (Sweden)

Radu Porumb

2014-04-01

Full Text Available In the wake of electric power system transition towards smart grids, and the adoption of the electric market schemes, electric utilities are facing the need of a better load profiles understanding for their customers. In this work, some key objectives were addresses, such as definition of the mathematical model for calculating the hourly energy specific, identification of the three target groups for users who have developed consumer profiles, definition of the two types of significant load and assessment of the impact of using consumer profiles on users.

Matroids and quantum-secret-sharing schemes

International Nuclear Information System (INIS)

Sarvepalli, Pradeep; Raussendorf, Robert

2010-01-01

A secret-sharing scheme is a cryptographic protocol to distribute a secret state in an encoded form among a group of players such that only authorized subsets of the players can reconstruct the secret. Classically, efficient secret-sharing schemes have been shown to be induced by matroids. Furthermore, access structures of such schemes can be characterized by an excluded minor relation. No such relations are known for quantum secret-sharing schemes. In this paper we take the first steps toward a matroidal characterization of quantum-secret-sharing schemes. In addition to providing a new perspective on quantum-secret-sharing schemes, this characterization has important benefits. While previous work has shown how to construct quantum-secret-sharing schemes for general access structures, these schemes are not claimed to be efficient. In this context the present results prove to be useful; they enable us to construct efficient quantum-secret-sharing schemes for many general access structures. More precisely, we show that an identically self-dual matroid that is representable over a finite field induces a pure-state quantum-secret-sharing scheme with information rate 1.

Auction design for the wireless spectrum market

CERN Document Server

Lin, Peng; Zhang, Qian

2014-01-01

This Brief introduces the wireless spectrum market and discusses the current research for spectrum auctions. It covers the unique properties of spectrum auction, such as interference relationship, reusability, divisibility, composite effect and marginal effect, while also proposing how to build economic incentives into the network architecture and protocols in order to optimize the efficiency of wireless systems.Three scenarios for designing new auctions are demonstrated. First, a truthful double auction scheme for spectrum trading considering both the heterogeneous propagation properties of c

Assessing the Demand for Annuities in an Undeveloped Market: Evidence from Hong Kong

NARCIS (Netherlands)

K-L. Chou (Kee-Lee); J. Inkmann (Joachim); J.L.W. van Kippersluis (Hans); W.S. Chan (Wai)

2016-01-01

textabstractHow to design an attractive annuity for an undeveloped market and how to assess the potential demand for such a product? We first conduct a discrete choice experiment among participants of a large-scale occupational defined contribution pension scheme in Hong Kong to identify desired

Implementation of a european directive establishing a negotiable CO2 emissions trading scheme

International Nuclear Information System (INIS)

Coussy, P.

2003-01-01

Approved on July 22, 2003, European Directive 87/2003/EC establishes a scheme for the trading of greenhouse gas emissions allowances. Before the market comes into effect on January 1, 2005, industrialists will have to account for a new financial asset in planning development strategy: the CO 2 allowance. Each Member State is currently developing a climate plan that includes the allocation of CO 2 emissions allowances to industrial installations. It will not be possible to exceed these allowances without incurring a financial penalty. (author)

Competition and the Reference Pricing Scheme for pharmaceuticals.

Science.gov (United States)

Ghislandi, Simone

2011-12-01

By introducing n (>1) firms with infinite cross-price elasticity (i.e. generic drugs), we explore the effects of competition on the optimal pricing strategies under a Reference Pricing Scheme (RPS). A two-stage model repeated infinite number of times is presented. When stage 1 is competitive, the equilibrium in pure strategies exists and is efficient only if the reference price (R) does not depend on the price of the branded product. When generics collude, the way R is designed is crucial for both the stability of the cartel among generics and the collusive prices in equilibrium. An optimally designed RPS must set R as a function only of the infinitely elastic side of the market and should provide the right incentives for competition. Copyright © 2011 Elsevier B.V. All rights reserved.

Day-ahead electricity prices forecasting by a modified CGSA technique and hybrid WT in LSSVM based scheme

International Nuclear Information System (INIS)

Shayeghi, H.; Ghasemi, A.

2013-01-01

Highlights: • Presenting a hybrid CGSA-LSSVM scheme for price forecasting. • Considering uncertainties for filtering in input data and feature selection to improve efficiency. • Using DWT input featured LSSVM approach to classify next-week prices. • Used three real markets to illustrate performance of the proposed price forecasting model. - Abstract: At the present time, day-ahead electricity market is closely associated with other commodity markets such as fuel market and emission market. Under such an environment, day-ahead electricity price forecasting has become necessary for power producers and consumers in the current deregulated electricity markets. Seeking for more accurate price forecasting techniques, this paper proposes a new combination of a Feature Selection (FS) technique based mutual information (MI) technique and Wavelet Transform (WT) in this study. Moreover, in this paper a new modified version of Gravitational Search Algorithm (GSA) optimization based chaos theory, namely Chaotic Gravitational Search Algorithm (CGSA) is developed to find the optimal parameters of Least Square Support Vector Machine (LSSVM) to predict electricity prices. The performance and price forecast accuracy of the proposed technique is assessed by means of real data from Iran’s, Ontario’s and Spain’s price markets. The simulation results from numerical tables and figures in different cases show that the proposed technique increases electricity price market forecasting accuracy than the other classical and heretical methods in the scientific researches

The efficiency costs of separating carbon markets under the EU emissions trading scheme: A quantitative assessment for Germany

International Nuclear Information System (INIS)

Boehringer, Christoph; Hoffmann, Tim; Manrique-de-Lara-Penate, Casiano

2006-01-01

From 1 January 2005 onwards the European Union has launched the first large-scale international carbon emissions trading program. As the EU Emissions Trading Scheme (EU-ETS) covers only part of domestic carbon emissions, it implies a segmented environmental regulation scheme: Each EU Member State must specify additional domestic abatement policies for the sectors outside the EU-ETS in order to meet its emissions budget under the EU Burden Sharing Agreement. We highlight the generic problems of segmented carbon regulation in terms of information requirements for international carbon prices and domestic abatement costs of sectors outside the EU-ETS. Based on numerical simulations for Germany, we quantify the excess costs of segmented carbon regulation and conclude that inefficiencies can be much better explained by lobbying of influential EU-ETS sectors than by information problems. (Author)

An emerging equilibrium in the EU emissions trading scheme

International Nuclear Information System (INIS)

Bredin, Don; Muckley, Cal

2011-01-01

The European Union's Emissions Trading Scheme (ETS) is the key policy instrument of the European Commission's Climate Change Program aimed at reducing greenhouse gas emissions to eight percent below 1990 levels by 2012. A critically important element of the EU ETS is the establishment of a market determined price for EU allowances. This article examines the extent to which several theoretically founded factors including, economic growth, energy prices and weather conditions determine the expected prices of the European Union CO 2 allowances during the 2005 through to the 2009 period. The novel aspect of our study is that we examine heavily traded futures instruments that have an expiry date in Phase 2 of the EU ETS. Our study adopts both static and recursive versions of the Johansen multivariate cointegration likelihood ratio test as well as a variation on this test with a view to controlling for time varying volatility effects. Our results are indicative of a new pricing regime emerging in Phase 2 and point to a maturing market driven by the fundamentals. These results are valuable both for traders of EU allowances and for those policy makers seeking to improve the design of the European Union ETS.

Agent-based simulation of electricity markets : a literature review

International Nuclear Information System (INIS)

Sensfuss, F.; Genoese, M.; Genoese, M.; Most, D.

2007-01-01

The electricity sector in Europe and North America is undergoing considerable changes as a result of deregulation, issues related to climate change, and the integration of renewable resources within the electricity grid. This article reviewed agent-based simulation methods of analyzing electricity markets. The paper provided an analysis of research currently being conducted on electricity market designs and examined methods of modelling agent decisions. Methods of coupling long term and short term decisions were also reviewed. Issues related to single and multiple market analysis methods were discussed, as well as different approaches to integrating agent-based models with models of other commodities. The integration of transmission constraints within agent-based models was also discussed, and methods of measuring market efficiency were evaluated. Other topics examined in the paper included approaches to integrating investment decisions, carbon dioxide (CO 2 ) trading, and renewable support schemes. It was concluded that agent-based models serve as a test bed for the electricity sector, and will help to provide insights for future policy decisions. 74 refs., 6 figs

The International Market Retirement Funds - Future Trends

Directory of Open Access Journals (Sweden)

Tudor Colomeischi

2013-07-01

Full Text Available The current state of the global market pension was marked by the fact that pension systems in all countries have been strongly affected by the financial and economic crisis that broke out in the world, especially in 2008-2010. Its effects were felt primarily to pension schemes with definedcontributions (DC, the participants in these plans being increasingly skeptical about the ability to afford decent pensions. Type defined contribution plans requires, on the one hand, periods and higher contribution rates, and on the other investment plans and strategies for managing longevity risk appropriate to the market in which they operate and the characteristics of the participants in this market.Currently in the world there are many types of retirement plans, the most important criteria to classify them are pension plan administrator, the connection with the employer participants, method of calculation of the benefit, the perspective of the pension plan, the way the pension plan isfund or through the multi-pillar approach.Keywords: defined benefit (DB type, defined contribution (DC type, pension system, annuity rate

Market Innovation, Rational Housing Supply and Urban Quality at the Neighbourhood Scale

Science.gov (United States)

Puglisi, Valentina; Celani, Alberto

2017-10-01

Innovation of product, process and markets are the three categories to assess the improvement of a sector. This document is aimed to provide a review of papers about innovation in housing market and analyses solutions adopted by the international market in terms of definition of attributes of housing products. Enlightening aspects linked to quality attributes of housing products and it has been tried to read a common scheme in any study analysed to provide solutions to set innovation hints to enhance market innovation in the sector. The idea of choice, user and buyer categories definition, assessment and rating system is the backbone of the paper, as the parallelism between marketing of industrial goods and services and built environment objects. Quality of the neighbourhood and the idea of an ex-post assessment is the theme behind the last case presented, based on a research made by ABC Department of Politecnico di Milano in a neighbourhood in Milano, aimed to assess its quality.

Scheme Program Documentation Tools

DEFF Research Database (Denmark)

Nørmark, Kurt

2004-01-01

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...... as named functions in Scheme. Finally, the Scheme Elucidator is able to integrate SchemeDoc resources as part of an internal documentation resource....

Forecasting stock market averages to enhance profitable trading strategies

OpenAIRE

Haefke, Christian; Helmenstein, Christian

1995-01-01

In this paper we design a simple trading strategy to exploit the hypothesized distinct informational content of the arithmetic and geometric mean. The rejection of cointegration between the two stock market indicators supports this conjecture. The profits generated by this cheaply replicable trading scheme cannot be expected to persist. Therefore we forecast the averages using autoregressive linear and neural network models to gain a competitive advantage relative to other investors. Refining...

Bank Insolvency Procedures and Market Discipline in European Banking

OpenAIRE

Angkinand, Apanard; Wihlborg, Clas

2005-01-01

Market discipline in banking requires that explicit and implicit insurance schemes for financial sector firms are limited, and that the lack of insurance of important stakeholders is credible. This credibility cannot be achieved without transparent, predictable procedures for distress resolution for banks, including explicit rules for the liquidation of insolvent banks. We find that very few European countries have explicit procedures for dealing with problem banks. The propositions tested in...

A Memory Efficient Network Encryption Scheme

Science.gov (United States)

El-Fotouh, Mohamed Abo; Diepold, Klaus

In this paper, we studied the two widely used encryption schemes in network applications. Shortcomings have been found in both schemes, as these schemes consume either more memory to gain high throughput or low memory with low throughput. The need has aroused for a scheme that has low memory requirements and in the same time possesses high speed, as the number of the internet users increases each day. We used the SSM model [1], to construct an encryption scheme based on the AES. The proposed scheme possesses high throughput together with low memory requirements.

Ex-ante analysis of welfare change for a liberalization of the natural gas market

International Nuclear Information System (INIS)

Jeongdong Lee; Jongsu Lee; Taiyoo Kim

2004-01-01

This paper investigates the potential impact of divestiture of the natural gas market monopoly in terms of supply quantity, price, and social welfare. The empirical application is focused on the case of the Korean natural gas market. The simulation is performed with different behavioral assumptions after divestiture, such as the current regulatory scheme, marginal cost (MC) pricing, and Cournot competition. The characteristic feature of the Korean natural gas market is its heavy dependence upon liquefied natural gas, which is reflected in the estimation of the cost structure. The empirical results signify the importance of national or social guidelines to secure consumer surplus and social welfare. (Author)

Ex-ante analysis of welfare change for a liberalization of the natural gas market

International Nuclear Information System (INIS)

Lee, Jeong-Dong; Lee, Jongsu; Kim, Tai-Yoo

2004-01-01

This paper investigates the potential impact of divestiture of the natural gas market monopoly in terms of supply quantity, price, and social welfare. The empirical application is focused on the case of the Korean natural gas market. The simulation is performed with different behavioral assumptions after divestiture, such as the current regulatory scheme, marginal cost (MC) pricing, and Cournot competition. The characteristic feature of the Korean natural gas market is its heavy dependence upon liquefied natural gas, which is reflected in the estimation of the cost structure. The empirical results signify the importance of national or social guidelines to secure consumer surplus and social welfare

The timeline of trading frictions in the European carbon market

International Nuclear Information System (INIS)

Medina, Vicente; Pardo, Ángel; Pascual, Roberto

2014-01-01

During its trial phase (Phase I), the EU Greenhouse Gas Emission Trading Scheme (EU-ETS) collapsed because of an over-allocation of emission allowances. We evaluate the progress of this market from the trial phase to the next commitment period (Phase II) from a microstructure angle. We show that trading frictions, as measured by the relative spread, information-asymmetry risk, and market-making profits decreased from Phase I to Phase II. Although volatility decreased, its noise-related component gained in importance at the expense of its information-related component, resulting in lower quality of the price changes. - Highlights: • We compare Phases I and II of the EU-ETS from a microstructure angle. • Phase II shows lower spreads, information-asymmetry risk and market making profits. • The contribution of noise to the volatility of prices increased during Phase II

A Stochastic Market Design With Revenue Adequacy and Cost Recovery by Scenario: Benefits and Costs

DEFF Research Database (Denmark)

Kazempour, Jalal; Pinson, Pierre; Hobbs, Benjamin F.

2018-01-01

Two desirable properties of electricity market mechanisms include: i) revenue adequacy for the market, and ii) cost recovery for all generators. Previously proposed stochastic market-clearing mechanisms satisfy both properties in expectation only, or satisfy one property by scenario and another...... scheme that ensures both properties by scenario. However, this approach is cost-inefficient in general and may sacrifice other desirable market attributes. Undesirable consequences include: one group of participants will have to pay more to ensure that all other participants have their costs covered......, and thus their prices will not be equilibrium supporting; and day-ahead and real-time prices are not arbitraged in expectation, although this can be fixed by allowing virtual bidders to arbitrage but at the potential cost of increased market inefficiency. Considering these pros and cons, we propose our...

Modified Aggressive Packet Combining Scheme

International Nuclear Information System (INIS)

Bhunia, C.T.

2010-06-01

In this letter, a few schemes are presented to improve the performance of aggressive packet combining scheme (APC). To combat error in computer/data communication networks, ARQ (Automatic Repeat Request) techniques are used. Several modifications to improve the performance of ARQ are suggested by recent research and are found in literature. The important modifications are majority packet combining scheme (MjPC proposed by Wicker), packet combining scheme (PC proposed by Chakraborty), modified packet combining scheme (MPC proposed by Bhunia), and packet reversed packet combining (PRPC proposed by Bhunia) scheme. These modifications are appropriate for improving throughput of conventional ARQ protocols. Leung proposed an idea of APC for error control in wireless networks with the basic objective of error control in uplink wireless data network. We suggest a few modifications of APC to improve its performance in terms of higher throughput, lower delay and higher error correction capability. (author)

Investment incentives in the Korean electricity market

International Nuclear Information System (INIS)

Park, Jung-Yeon; Ahn, Nam-Sung; Yoon, Yong-Beum; Koh, Kyung-Ho; Bunn, Derek W.

2007-01-01

This paper develops a model-based analysis of the effects of various capacity incentive systems on new investment in the Korean electricity market. The restructuring process in Korea allocated power generation to six firms, competing within a wholesale market, albeit strictly on a cost basis. Because of this cost-based pool, capacity payments were also introduced to encourage new investment. However, it is an open question whether the current fixed capacity payment scheme is enough to secure resource adequacy, and consideration is being given to alternative mechanisms such as the use of LOLP. Using a detailed market simulation model, based on system dynamics, we compare these approaches in terms of how they may influence the investors' decisions and thereby determine the system reserve margin. The simulation results suggest that there may be serious problems in staying with the current fixed capacity payments in order to achieve resource adequacy. In contrast, an LOLP-based capacity mechanism may, in the longer term, increase the reserve margin compared with a fixed capacity payment. More generally, this paper indicates how crucial the effective modeling of the investment behavior of the independent power producers is for adequate policy support, even if they only constitute a fringe in a substantially centrally influenced market

AGRO-ALIMENTARY PRODUCTS MARKETING AT THE CONFLUENCE OF MODERN CONSUMER’S REQUIREMENTS AND SUSTAINABLE DEVELOPMENT

OpenAIRE

Maria GRIGORAS

2016-01-01

Intensive development, recorded by global markets and correlated with modern consumer’s demands, has led to the formation of a new, more complex approach, related to the food sector and to its main determinants. Old theories about the mechanism of market trading came into disuse. The consumer is no longer unsuspecting, he is rather very active, and whose requirements must be taken into account by the manufacturer and by technological schemes of production. The age of...

Market assessment of photovoltaic power systems for agricultural applications in the Philippines

Science.gov (United States)

Cabraal, R. A.; Delasanta, D.; Burrill, G.

1981-01-01

The market potential in the Philippines for stand alone photovoltaic (P/V) systems in agriculture was assessed. Applications include: irrigation, postharvest operation, food and fiber processing and storage, and livestock and fisheries operations. Power and energy use profiles for many applications as well as assessments of business, government and financial climate for P/V sales are described. Many characteristics of the Philippine agriculture and energy sector favorably influence the use of P/V systems. However, serious and significant barriers prevent achieving the technically feasible, cost competitive market for P/V systems in the agricultural sector. The reason for the small market is the limited availability capital for financing P/V systems. It is suggested that innovative financing schemes and promotional campaigns should be devised.

Market assessment of photovoltaic power systems for agricultural applications in the Philippines

Science.gov (United States)

Cabraal, R. A.; Delasanta, D.; Burrill, G.

1981-04-01

The market potential in the Philippines for stand alone photovoltaic (P/V) systems in agriculture was assessed. Applications include: irrigation, postharvest operation, food and fiber processing and storage, and livestock and fisheries operations. Power and energy use profiles for many applications as well as assessments of business, government and financial climate for P/V sales are described. Many characteristics of the Philippine agriculture and energy sector favorably influence the use of P/V systems. However, serious and significant barriers prevent achieving the technically feasible, cost competitive market for P/V systems in the agricultural sector. The reason for the small market is the limited availability capital for financing P/V systems. It is suggested that innovative financing schemes and promotional campaigns should be devised.

Pension risk management in a developing economy:lessons from the nigerian capital market

Directory of Open Access Journals (Sweden)

Onafalujo Akin k.

2010-12-01

Full Text Available The killer risk in any pension scheme is the failure of pension asset sufficiency to meet the promised benefits to retirees. A Pension Risk Management aims at ex ante arrangement to protect retirees’ standard of living. Nigeria introduced pension reforms in 2004 fatefully at the same time when extensive reforms were made in the banking sector. Prior to the Act being passed, there was a major proposition that pension funds should not be invested in Nigerian capital market. This paper reviews pension risks of the new DCS (Defined Contributory Scheme and the implications of investing pension fund in the capital market of a developing economy. A trend analysis was performed on market index and capitalization and a simulated pension asset was subjected to pension risks. Despite the asset allocation guideline on investments by the Pension Commission, there is certainly uncertainty concerning guaranteeing pension payments in future due to unmanaged pension risks. This paper suggests investment policy should accompany a DCS based on the risk appetite of workers, minimum guarantee of returns on investment of pension assets and a range of interest rates for actuarially determined annuities. Further studies may examine wither PFAs should operate as closed end or open end mutual funds.

Electric markets and services of the system

International Nuclear Information System (INIS)

Carbajo, A.

2007-01-01

Electricity cannot be stored in significant quantities and requires generation and demand be balanced instantly in order to control the frequency. This means that the electric system must be equipped with specific devices in order to ensure this dynamic balance. Of the services required by the electric system, some are mandatory for the generators, while others are voluntary, these last ones being those supplied under market schemes. On the other hand, the commitment of the Spanish electric system to incorporate a significant volume of renewable energy, due to its intermittent properties, demands that these adjustment services use a greater volume of this energy in order to ensure the reliability of the system at all times. Finally, securing the Iberian electric market implies that there might be variations in these services - not only in the volume but also in their characteristics. (Author)

A European-wide harmonised tradable green certificate scheme for renewable electricity: is it really so beneficial?

International Nuclear Information System (INIS)

Rio, Pablo del

2005-01-01

Winds of change are blowing in the public promotion of renewable electricity (RES-E) in Europe. On the one hand, a move to allegedly more market-conform instruments for the promotion of RES-E has already taken place in some Member States. On the other hand, a Directive on the promotion of RES-E has recently been approved setting indicative targets for RES-E consumption and opening the possibility that a harmonised framework for support schemes will be implemented in Europe. This harmonised framework (in combination with trade in RES-E between Member States) can be compared to a situation in which Member States continue to apply their current support schemes. This paper analyses the pros and cons of harmonisation. The main conclusion is that if priority is given to the local/regional/national benefits of RES-E, then harmonisation in combination with a tradable green certificate scheme is not so advantageous for countries. Only if the policy priority is the achievement of the RES-E Directive targets at the minimum costs should harmonisation be favoured by national energy authorities

Modern technology electrolysis for power application. II. The impact of the energy market on the hydrogen economy

Energy Technology Data Exchange (ETDEWEB)

LaRoche, U [Brown Boveri AG, Baden, Switzerland; Bidard, R

1979-01-01

This paper considers the effects of the energy market on the use of hydrogen as a fuel and discusses various schemes of supplanting fossil fuels. Different fossil fuel substitution models in various parts of the western community result in rather different timing of market penetration needs and possibilities. This requires a consideration of the time span needed to implement different technologies in the choice of hydrogen production methods.

Developing markets for renewable energy technologies

International Nuclear Information System (INIS)

Charters, W.W.S.

2001-01-01

Although renewable energy resources are now being utilised more on a global scale than ever before, there is no doubt their contribution to the energy economy can still be greatly increased. Recently international support for developing these relatively new sources of energy has been driven by their benefits as assessed by reduced environmental impact, particularly reduced greenhouse gas emissions. After several decades of continuous but somewhat erratic funding for research and development of renewables, it is time to take stock of the key issues to be addressed in terms of implementation of major renewable energy programmes on a large scale worldwide. One of the first steps in this process is the identification and encouragement of reliable continuous markets both in developed and developing nations. Future energy policy and planning scenarios should take into account the factors necessary to integrate renewables in all their diverse forms into the normal energy economy of the country. Other critical factors in market development will include the mass production of high quality, reliable and reasonable cost technical products and the provision of adequate finance for demonstrating market ready and near market renewables equipment. Government agencies need to aid in the removal of legislative and institutional barriers hindering the widespread introduction of non-conventional energy sources and to encourage the implementation of government purchasing schemes. Recent moves by companies in Australia to market 'green energy' to customers should also aid in the public awareness of the ultimate potential of renewables leading to greater use in the industrial, commercial and domestic sectors. (author)

INA's Preparations for Liberalised Energy Market and Privatisation

International Nuclear Information System (INIS)

Dragicevic, T.; Kolundzic, S.

2001-01-01

Before opening of the market, energy entities must carry out numerous preparations in order to be ready for challenges of a competitive environment. Some preparations refer to legal and organisational issues, but many of them encompass reengineering of business processes, cost reduction schemes and various improvement measures aimed at maintenance or acquisition of a competitive advantage. INA is actively pursuing some of the above measures, but now, by the end of 2001, we also have to deal with preparations for privatisation. These two processes have some important common elements, competitiveness being certainly one of them. INA must work toward improving its competitive strength in the gas sector, in refining, in marketing of oil products, but also in various supporting activities. However, there are constraints that we have to observe, mainly related to social issues.(author)

Market analysis and risk management of EU emissions trading

International Nuclear Information System (INIS)

Ollikainen, M.; Ollikka, K.; Aatola, P.; Ahonen, H.M.; Pohjola, T.; Kumpulainen, A.; Lappalainen, E.

2006-01-01

The first EU emissions trading period commenced on 1 January 2005. It implies new challenges to companies included in the scheme. A central challenge is the uncertainty related to the markets. In order to manage risks and profitability companies need to be able to estimate future price developments of emission allowances. University of Helsinki is conducting a research project in cooperation with Helsinki University of Technology that will provide necessary information for analyzing emission allowance markets and create risk management competence. The objectives of the research project are 1) to develop a price estimation model for EU emission allowances and 2) to develop risk management competence related to EU emission allowances. With the price estimation model the short-term price developments of EU emission allowances can be estimated. By utilizing the model companies can reduce uncertainties related to the markets. The project will also deliver a general risk management model for emission allowances that aims at improving competitiveness of companies. (orig.)

Market competition in health care markets in the Netherlands: some lessons for England?

Science.gov (United States)

den Exter, André P; Guy, Mary J

2014-01-01

This article seeks to establish what lessons might be available to the English health care sector following enactment of the Health and Social Care Act 2012 from the Dutch experience of introducing market competition into health care via a mandatory health insurance scheme implemented by for-profit insurance companies. The existence of the Beveridge NHS model in England, and a Bismarckian insurance system in The Netherlands perhaps suggest that a comparison of the two countries is at best limited, and reinforced by the different Enthoven-inspired competitive models each has adopted. However, we contend that there are positive and negative issues arising from introducing competition into health care-, e.g. concerns about equity and benefits of efficiencies-which go beyond national boundaries and different systems and reflect the global paradigm shift towards the use of market forces in previously non-market areas such as health. The article examines the situation in England following the HSCA 2012 and The Netherlands following the 2006 reforms before analysing two areas of common ground: the focus in both countries on competition on quality (as opposed to price) and integrated care, which is assuming ever greater significance. We suggest that our combined insights (as a health lawyer and competition lawyer respectively) coupled with a comparative approach create a novel contribution to current calls for a wider public debate about the real role of markets in health care over and above simple characterisation as a force for good or bad. © The Author 2014. Published by Oxford University Press; all rights reserved. For Permissions, please email: journals.permissions@oup.com.

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

This article seeks to investigate the interactions between the policy dimensions of support schemes and network regulation and how they affect distributed generation. Firstly, the incentives of distributed generators and distribution system operators are examined. Frequently there exists a trade......-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...

Impacts of the EU emissions trading scheme on the industrial competitiveness in Germany

Energy Technology Data Exchange (ETDEWEB)

Graichen, Verena; Schumacher, Katja; Matthes, Felix C.; Mohr, Lennart [Oeko Institut e.V., Berlin (Germany); Duscha, Vicky; Schleich, Joachim [Fraunhofer-Institut fuer Systemtechnik und Innovationsforschung (ISI), Karlsruhe (Germany); Diekmann, Jochen [DIW, Berlin (Germany)

2008-09-15

The authors of the contribution under consideration present a discussion of methods, and provide empirical results for the analysis of effects of the EU Emissions Trading Scheme on product costs and subsequent impacts on international competitiveness. The discussion shows that the combination of intensity of trade indicators and value at stake indicators reveals meaningful results that allow assessing the potential for distortion in competitiveness by the EU Emissions Trading Schemes. The analysis of trade intensities and value at stake showed that a small number of sectors may in fact be exposed to distortions in competitiveness due to both high trade intensity and high value at stake. For Germany, these include 'basic iron and steel', 'fertilizers and nitrogen compounds', 'paper and paperboard', 'aluminium and aluminium products' and 'other basic inorganic chemicals'. A number of other sectors reveal a high intensity of trade but low value at stake which implies that the increase in product costs due to the EU Emissions Trading Scheme is relatively small and negative effects on competitiveness may not be likely. For the sectors that reveal high values at stake and high trade intensities, market positions are likely to change under the EU Emissions Trading system due to increased production costs and high exposure to international competition. When deciding on which sectors are highly exposed to possible distortions in competitiveness and which measures should be implemented to address competitiveness and leakage it should be kept in mind that CO{sub 2} costs are only one of multiple factors affecting companies' production and investment decisions. Other factors that may deserve detailed investigation include product differentiation and market segmentation within a sector (including specialty products), close cooperation with domestic/European partners and intrafirm trade, differences across countries in the

Markets slow to develop for Niger delta gas reserves

International Nuclear Information System (INIS)

Thomas, D.

1995-01-01

Nigeria produces a very high quality, light, sweet crude oil but with a large percentage of associated gas derived from a high gas-to-oil ratio. Official proved gas reserves, both associated and nonassociated, are 120 tcf. Proved and probable reserves are estimated as high as 300 tcf. The internal market for gas has only begun to develop since the 1980s, and as a result approximately 77% of associated gas production is flared. Domestic gas consumption is currently approximately 700 MMcfd and is projected to have a medium term potential of 1.450 bcfd. The article discusses resource development, gas markets, gas flaring, gas use programs, the Bonny LNG scheme, the gas reserve base, LNG project status, competition, and energy opportunities

Forging alliance with Russia. The example of a Green Investment Scheme

International Nuclear Information System (INIS)

Korppoo, Anna

2003-01-01

Russian Kyoto related interests are economic and after the US withdrawal the mission of Russian actors has been to find new demand for Russian credits and allowances. Kyoto related benefits to Russia will be significantly smaller than earlier expected, however, the revenues are now more likely to be focused on climate change mitigation purposes. Competition in the Kyoto market has established buyers' market and Russia has to accommodate the interests of investors in order to gain benefits. The Russian initiative 'Green Investment Scheme' to recycle revenues from International Emissions Trading (IET) to further environmental activities would convene demand for Russian AAUs but experience the same problems than the previous initiatives: inadequate institutional arrangement, unclear division of responsibilities between domestic actors, prolonged ratification process and lack of eligibility strategy. These problems have prevented implementation of GIS so far. Therefore, these problems have to be addressed by high-level Russian policy-makers if serious benefits from Kyoto are sought. Actors building alliances with Russia should focus on assisting with solving these problems

CSR schemes in agribusiness

DEFF Research Database (Denmark)

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

2013-01-01

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......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...

A unified REC market and composite RPO scheme for promotion of renewable energy in India

Science.gov (United States)

Shereef, R. M.; Khaparde, S. A.

2017-07-01

In India, uniform price was assigned to renewable energy certificate (REC) irrespective of renewable energy (RE) type, technology, and location. Moreover REC price bands are higher than existing preferential tariff. There are distinct renewable purchase obligations (RPOs) specified for various RE types, whereas there is lack of efficient tools to check RPO compliance. Because of these reasons, REC market stabilisation is getting delayed. This paper proposes a method using plant performance multiplier to convert non-solar and solar REC to single equivalent REC with competitive REC pricing, which can be traded on unified REC market. The method combines solar and non-solar RPOs into a single composite RPO, to make RPO compliance and its checking simple and efficient. A sample illustration of the proposed method is given. The benefits offered by the proposed method in REC pricing, REC trading and RPO compliance are discussed. A comparative economic analysis of present and proposed method is reported.

The political economy of international green certificate markets

International Nuclear Information System (INIS)

Soederholm, Patrik

2008-01-01

This paper analyzes the political economy of establishing bilateral trade in green certificate markets as one step towards harmonization of European green electricity support systems. We outline some of the economic principles of an integrated bilateral green certificates market, and then discuss a number of issues that are deemed to be critical for the effectiveness, stability and legitimacy of such a market. By drawing on some of the lessons of the fairly recent intentions to integrate a future green certificate market in Norway with the existing Swedish one, we highlight, exemplify and discuss some critical policy implementation and design issues. These include, for instance, the system's connection to climate policy targets, the role of other support schemes and the definition of what green electricity technologies should be included. Furthermore, the establishment of an international market presumes that the benefits of renewable power (e.g., its impacts on the environment, diversification of the power mix, self-sufficiency, etc.) are approached and valued from an international perspective rather than from a national one, thus implying lesser emphasis on, for instance, employment and regional development impacts. A bilateral green certificate system thus faces a number of important policy challenges, but at the same time it could provide important institutional learning effects that can be useful for future attempts aiming at achieving greater policy integration in the European renewable energy sector

Threshold Signature Schemes Application

Directory of Open Access Journals (Sweden)

Anastasiya Victorovna Beresneva

2015-10-01

Full Text Available This work is devoted to an investigation of threshold signature schemes. The systematization of the threshold signature schemes was done, cryptographic constructions based on interpolation Lagrange polynomial, elliptic curves and bilinear pairings were examined. Different methods of generation and verification of threshold signatures were explored, the availability of practical usage of threshold schemes in mobile agents, Internet banking and e-currency was shown. The topics of further investigation were given and it could reduce a level of counterfeit electronic documents signed by a group of users.

A Spatial Domain Quantum Watermarking Scheme

International Nuclear Information System (INIS)

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

2016-01-01

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. (paper)

Asset Stripping in a Mature Market Economy

DEFF Research Database (Denmark)

Klarskov Jeppesen, Kim; Møller, Ulrik Gorm

2011-01-01

Purpose – The purpose of this paper is to document a Danish fraud scheme, in which a large number of limited companies were stripped of their assets leaving them with nothing but tax debt, eventually causing the Danish Tax and Customs Administration to lose large sums. Furthermore, the purpose...... indicates that asset stripping may take place in mature market economies to the extent that perpetrators are able to circumvent the corporate governance system by giving lawyers, public accountants and banks incentives to act less critically towards dubious business transactions. Research limitations...

Labeling schemes for bounded degree graphs

DEFF Research Database (Denmark)

Adjiashvili, David; Rotbart, Noy Galil

2014-01-01

We investigate adjacency labeling schemes for graphs of bounded degree Δ = O(1). In particular, we present an optimal (up to an additive constant) log n + O(1) adjacency labeling scheme for bounded degree trees. The latter scheme is derived from a labeling scheme for bounded degree outerplanar...... graphs. Our results complement a similar bound recently obtained for bounded depth trees [Fraigniaud and Korman, SODA 2010], and may provide new insights for closing the long standing gap for adjacency in trees [Alstrup and Rauhe, FOCS 2002]. We also provide improved labeling schemes for bounded degree...

Market survey Hungary. Bio-energy

International Nuclear Information System (INIS)

2008-01-01

Basic characteristics of the market for bioenergy (biomass, biogas and biofuels) in Hungary and consequences for business environment are summarized, based on a SWOT analysis. RES is the priority issue to which a lot of attention is paid both at governmental and private level; private investors should view RES as a new niche for their business activities. Standard approach based on a thoroughly done preparation of the project in terms of profitability and risk assessment is necessary in order to avoid potential financial losses due to changed market conditions or differences between assumptions and business reality. Some recommendations for entry on the Hungarian bio energy market are presented: (1) Generally, look for success stories in the Netherlands first and then look for places where such proved and time-tested technologies could be used in Hungary with respect to local specifics. In such way, you can find market niches where investment can be made or new products can be launched; (2) For retail selling it is appropriate to establish business contacts with existing dealers and associations and offer own products through their distribution network. This scheme has the advantage of low initial costs as well as risks involved; (3) In the case of large investments into equipment complexes using RES it seems more appropriate to refer directly either to municipal authorities on whose cadastre the investment should take place or to specialized consultancy agencies that can support the plan with additional information on legal requirements, national programmes supporting RES or available technology. Of course, direct collaboration with well-established local partner can be beneficial for both sides too; (4) If you want to receive up-to-date information on particular aspects of the biomass market in Hungary, you can refer to some governmental organisations associations referred in the key contact addresses

Impact of CO2 quota allocation to new entrants in the electricity market

Energy Technology Data Exchange (ETDEWEB)

Lindboe, H.H.; Werling, J.; Kofoed-Wiuff, A. [Ea Energy Analyses (Denmark); Bregnbaek, L. [Energy Modelling (Denmark)

2007-08-28

In 2003, the EU adopted a directive on a greenhouse gas emissions trading scheme (ETS) encompassing all major energy-producing units and the majority of the energy-intensive industry. The EU ETS is based on the recognition that creating a price for carbon through the establishment of a market for emission reductions provides the most cost-effective way of complying with international greenhouse gas commitments (EU 2005, EU action against climate change). All countries have opted to allocate CO{sub 2}-allowances to new power plants. The present project explores the consequences of allocation to new entrants on market players' investments in the electric market, the welfare-economic consequences and impacts on long-term CO{sub 2}-emission from the electricity sector. (au)

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

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.

Optimal Face-Iris Multimodal Fusion Scheme

Directory of Open Access Journals (Sweden)

Omid Sharifi

2016-06-01

Full Text Available Multimodal biometric systems are considered a way to minimize the limitations raised by single traits. This paper proposes new schemes based on score level, feature level and decision level fusion to efficiently fuse face and iris modalities. Log-Gabor transformation is applied as the feature extraction method on face and iris modalities. At each level of fusion, different schemes are proposed to improve the recognition performance and, finally, a combination of schemes at different fusion levels constructs an optimized and robust scheme. In this study, CASIA Iris Distance database is used to examine the robustness of all unimodal and multimodal schemes. In addition, Backtracking Search Algorithm (BSA, a novel population-based iterative evolutionary algorithm, is applied to improve the recognition accuracy of schemes by reducing the number of features and selecting the optimized weights for feature level and score level fusion, respectively. Experimental results on verification rates demonstrate a significant improvement of proposed fusion schemes over unimodal and multimodal fusion methods.

MODELING THE MARKETING COMPONENT OF THE INNOVATIVE CAPACITY OF ORGANIZATIONS ON THE BASIS OF STATISTICAL RESEARCH

Directory of Open Access Journals (Sweden)

Anna A. Aletdinova

2015-01-01

Full Text Available The article considers the General scheme of the modeling process of marketing theinnovation pillar, is an attempt to summarize and systematize approaches tomodel building innovative capacity of organizations on the basis of the marketingconcept, the methods used to allocate.

The Managerial Labor Market and the Governance Role of Shareholder Control Structures in the UK

NARCIS (Netherlands)

Renneboog, L.D.R.; Trojanowski, G.

2002-01-01

We simultaneously analyze two mechanisms of the managerial labor market: CEO turnover and monetary remuneration schemes.Sample selection models and hazard analyses applied to a random sample of 250 firms listed on the London Stock Exchange over a six-year pre-Cadbury period show that managerial

A COMPARATIVE ANALYSIS OF CERTIFICATION SCHEMES IN THE BRAZILIAN FRUIT SECTOR

Directory of Open Access Journals (Sweden)

ANDRÉA CRISTINA DÖRR

2009-01-01

Full Text Available Certification has become increasingly relevant as a marketing signal for agribusiness especially in the fruit sector over the past few years. Substantial parts of many value chains are by now certified by standards as GlobalGAP, Fair Trade, Integrated Fruit Production and Organic. At the same time, in developed countries, particularly in the European Union and the United States, demand for higher levels of food safety has led to the implementation of certification programs that address more types of safety-related attributes and impose stricter standards. Certification systems play an important role in any market that is burdened with a high degree of information asymmetry and quality uncertainty. Thus, producers and exporters of fresh fruit and vegetables from developing countries like Brazil are increasingly required to demonstrate the safety and traceability of their produce up to the consumption stage. The comparative analysis of the four certification schemes which exist in the fruit sector in Brazil has shown that GlobalGAP and the Integrated Fruit Production (PIF are similar certification schemes. However, they differ with respect to the number of requirements and their distribution over various stages (e.g. production, post-harvesting. Contrary to PIF and GlobalGAP, Fairtrade certification concentrates on producers’ organizations and cooperatives where small-scale farmers belong to and not on individual farmers. In addition, a lot of attention is paid to the labour and environmental conditions, besides the guarantee of a minimum price for farmers. With respect to organic certification, the requirements are not directed to a particular product or crop and their level of compliance is not indicated. Major emphasis is put on the production system. Organic and Fairtrade certification do not have an own book keeping for records.

Multi-objective market clearing of joint energy and reserves auctions ensuring power system security

International Nuclear Information System (INIS)

Aghaei, J.; Shayanfar, H.; Amjady, N.

2009-01-01

A model and solution approach to day-ahead market clearing of joint energy and reserves auctions is proposed in this paper. The model represents the clearing system used by ISO in charge of both the market operation and system security. A Multiobjective Mathematical Programming (MMP) formulation is implemented for provision of ancillary services (Automatic Generation Control or AGC, Spinning, Non-spinning and operational reserves) as well as energy in simultaneous auctions by pool-based aggregated market scheme. System security is taken into account in the market clearing procedure as the extra objective functions of the optimization problem. So, in the MMP formulation of the market clearing process, the objective functions (generation cost and security indices) are optimized while meeting AC power flow constraints, system reserve requirements and lost opportunity cost (LOC) considerations. The model is applied to the IEEE 24-bus Reliability Test System (IEEE 24-bus RTS), and simulation studies are carried out to examine the effectiveness of the proposed method

Towards disruptions in Earth observation? New Earth Observation systems and markets evolution: Possible scenarios and impacts

Science.gov (United States)

Denis, Gil; Claverie, Alain; Pasco, Xavier; Darnis, Jean-Pierre; de Maupeou, Benoît; Lafaye, Murielle; Morel, Eric

2017-08-01

This paper reviews the trends in Earth observation (EO) and the possible impacts on markets of the new initiatives, launched either by existing providers of EO data or by new players, privately funded. After a presentation of the existing models, the paper discusses the new approaches, addressing both commercial and institutional markets. New concepts for the very high resolution markets, in Europe and in the US, are the main focus of this analysis. Two complementary perspectives are summarised: on the one hand, the type of system and its operational performance and, on the other, the related business models, concepts of operation and ownership schemes.

Multiuser switched diversity scheduling schemes

KAUST Repository

Shaqfeh, Mohammad; Alnuweiri, Hussein M.; Alouini, Mohamed-Slim

2012-01-01

Multiuser switched-diversity scheduling schemes were recently proposed in order to overcome the heavy feedback requirements of conventional opportunistic scheduling schemes by applying a threshold-based, distributed, and ordered scheduling mechanism. The main idea behind these schemes is that slight reduction in the prospected multiuser diversity gains is an acceptable trade-off for great savings in terms of required channel-state-information feedback messages. In this work, we characterize the achievable rate region of multiuser switched diversity systems and compare it with the rate region of full feedback multiuser diversity systems. We propose also a novel proportional fair multiuser switched-based scheduling scheme and we demonstrate that it can be optimized using a practical and distributed method to obtain the feedback thresholds. We finally demonstrate by numerical examples that switched-diversity scheduling schemes operate within 0.3 bits/sec/Hz from the ultimate network capacity of full feedback systems in Rayleigh fading conditions. © 2012 IEEE.

Short-Term Saved Leave Scheme

CERN Multimedia

2007-01-01

As announced at the meeting of the Standing Concertation Committee (SCC) on 26 June 2007 and in http://Bulletin No. 28/2007, the existing Saved Leave Scheme will be discontinued as of 31 December 2007. Staff participating in the Scheme will shortly receive a contract amendment stipulating the end of financial contributions compensated by save leave. Leave already accumulated on saved leave accounts can continue to be taken in accordance with the rules applicable to the current scheme. A new system of saved leave will enter into force on 1 January 2008 and will be the subject of a new implementation procedure entitled "Short-term saved leave scheme" dated 1 January 2008. At its meeting on 4 December 2007, the SCC agreed to recommend the Director-General to approve this procedure, which can be consulted on the HR Department’s website at the following address: https://cern.ch/hr-services/services-Ben/sls_shortterm.asp All staff wishing to participate in the new scheme a...

Short-Term Saved Leave Scheme

CERN Multimedia

HR Department

2007-01-01

As announced at the meeting of the Standing Concertation Committee (SCC) on 26 June 2007 and in http://Bulletin No. 28/2007, the existing Saved Leave Scheme will be discontinued as of 31 December 2007. Staff participating in the Scheme will shortly receive a contract amendment stipulating the end of financial contributions compensated by save leave. Leave already accumulated on saved leave accounts can continue to be taken in accordance with the rules applicable to the current scheme. A new system of saved leave will enter into force on 1 January 2008 and will be the subject of a new im-plementation procedure entitled "Short-term saved leave scheme" dated 1 January 2008. At its meeting on 4 December 2007, the SCC agreed to recommend the Director-General to approve this procedure, which can be consulted on the HR Department’s website at the following address: https://cern.ch/hr-services/services-Ben/sls_shortterm.asp All staff wishing to participate in the new scheme ...

Multiuser switched diversity scheduling schemes

KAUST Repository

Shaqfeh, Mohammad

2012-09-01

Multiuser switched-diversity scheduling schemes were recently proposed in order to overcome the heavy feedback requirements of conventional opportunistic scheduling schemes by applying a threshold-based, distributed, and ordered scheduling mechanism. The main idea behind these schemes is that slight reduction in the prospected multiuser diversity gains is an acceptable trade-off for great savings in terms of required channel-state-information feedback messages. In this work, we characterize the achievable rate region of multiuser switched diversity systems and compare it with the rate region of full feedback multiuser diversity systems. We propose also a novel proportional fair multiuser switched-based scheduling scheme and we demonstrate that it can be optimized using a practical and distributed method to obtain the feedback thresholds. We finally demonstrate by numerical examples that switched-diversity scheduling schemes operate within 0.3 bits/sec/Hz from the ultimate network capacity of full feedback systems in Rayleigh fading conditions. © 2012 IEEE.

Green power: marketing departments on the starting blocks -- more and more consumers want to buy green power

International Nuclear Information System (INIS)

Hawkins, A.C.

2001-01-01

This article reviews the increasing efforts being made by Swiss electricity utilities to provide their customers with electricity generated from renewable resources. The article discusses various green power labelling schemes that aim to provide quality assurance and guarantee that customers can buy power produced from renewable resources. Price developments for wind and solar power and market development prospects for green power in general are discussed. The use of green power's positive image in the utilities' marketing strategies is examined

Numerical schemes for explosion hazards

International Nuclear Information System (INIS)

Therme, Nicolas

2015-01-01

In nuclear facilities, internal or external explosions can cause confinement breaches and radioactive materials release in the environment. Hence, modeling such phenomena is crucial for safety matters. Blast waves resulting from explosions are modeled by the system of Euler equations for compressible flows, whereas Navier-Stokes equations with reactive source terms and level set techniques are used to simulate the propagation of flame front during the deflagration phase. The purpose of this thesis is to contribute to the creation of efficient numerical schemes to solve these complex models. The work presented here focuses on two major aspects: first, the development of consistent schemes for the Euler equations, then the buildup of reliable schemes for the front propagation. In both cases, explicit in time schemes are used, but we also introduce a pressure correction scheme for the Euler equations. Staggered discretization is used in space. It is based on the internal energy formulation of the Euler system, which insures its positivity and avoids tedious discretization of the total energy over staggered grids. A discrete kinetic energy balance is derived from the scheme and a source term is added in the discrete internal energy balance equation to preserve the exact total energy balance at the limit. High order methods of MUSCL type are used in the discrete convective operators, based solely on material velocity. They lead to positivity of density and internal energy under CFL conditions. This ensures that the total energy cannot grow and we can furthermore derive a discrete entropy inequality. Under stability assumptions of the discrete L8 and BV norms of the scheme's solutions one can prove that a sequence of converging discrete solutions necessarily converges towards the weak solution of the Euler system. Besides it satisfies a weak entropy inequality at the limit. Concerning the front propagation, we transform the flame front evolution equation (the so called

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.

Economics of total energy schemes in the liberalised European energy market

Science.gov (United States)

Lampret, Peter

This thesis is concerned with the liberalisation of the European Energy markets and the affects this has had on total energy systems. The work concentrates on a number of case studies all of which are located in the area surrounding Gelsenkirchen - Bottrop - Gladbeck, the centre of the Ruhr region of Germany.The thesis describes briefly how the legislation of the parliament of the extended European Union has been interpreted and enacted into German legislation and its affects on production, transport, sales and customers. Primarily the legislation has been enacted to reduce energy costs by having a competitive market while enabling security of supply. The legislation whose development has accelerated since 1999 can lead to negative effects and these have been highlighted for the case studies chosen.The legislation and technological advances, each of them successful by themselves, do not provide the expected reduction of carbon dioxide emissions when applied to total energy system. The introduction of human behaviour as a missing link makes the problems evident and gives a theoretical basis to overcome these problems. The hypothesis is proven by eight detailed research projects and four concisely described ones.The base of the research is the experience gained on approximately 1,000 operation years of the simplest total energy system, that of centralised heating. This experience is transferred to different solutions for total energy systems and their economics in combination with the changing legislation and observation of human behaviour.The variety of topics of the case studies includes the production of heat by boiler, solar or combined heat and power and the use of fuel cells. Additionally the transfer of heat, at the place of demand is considered, either as an individual boiler in a building or as de-centralised district heating.The various results of these projects come together in a final project which covers four different heating systems in identical

Market review - Market values summary/July market review/current market data

International Nuclear Information System (INIS)

Anon.

1995-01-01

This article is the July 1995 uranium market review. Data for current uranium market is presented, and a summary of recent transactions is also given. During this reporting period, there was one concentrate deal, two transactions in the long-term natural uranium market and conversion market, and three spot market transactions in the enrichment market. Active uranium supply fell, as did demand, and prices in all sectors were relatively stable

Transmission of prices and price volatility in Australian electricity spot markets: a multivariate GARCH analysis

International Nuclear Information System (INIS)

Worthington, A.; Kay-Spratley, A.; Higgs, H.

2005-01-01

This paper examines the transmission of spot electricity prices and price volatility among the five regional electricity markets in the Australian National Electricity Market: namely, New South Wales, Queensland, South Australia, the Snowy Mountains Hydroelectric Scheme and Victoria. A multivariate generalised autoregressive conditional heteroskedasticity model is used to identify the source and magnitude of price and price volatility spillovers. The results indicate the presence of positive own mean spillovers in only a small number of markets and no mean spillovers between any of the markets. This appears to be directly related to the physical transfer limitations of the present system of regional interconnection. Nevertheless, the large number of significant own-volatility and cross-volatility spillovers in all five markets indicates the presence of strong autoregressive conditional heteroskedasticity and generalised autoregressive conditional heteroskedasticity effects. This indicates that shocks in some markets will affect price volatility in others. Finally, and contrary to evidence from studies in North American electricity markets, the results also indicate that Australian electricity spot prices are stationary. (author)

Quantum signature scheme for known quantum messages

International Nuclear Information System (INIS)

Kim, Taewan; Lee, Hyang-Sook

2015-01-01

When we want to sign a quantum message that we create, we can use arbitrated quantum signature schemes which are possible to sign for not only known quantum messages but also unknown quantum messages. However, since the arbitrated quantum signature schemes need the help of a trusted arbitrator in each verification of the signature, it is known that the schemes are not convenient in practical use. If we consider only known quantum messages such as the above situation, there can exist a quantum signature scheme with more efficient structure. In this paper, we present a new quantum signature scheme for known quantum messages without the help of an arbitrator. Differing from arbitrated quantum signature schemes based on the quantum one-time pad with the symmetric key, since our scheme is based on quantum public-key cryptosystems, the validity of the signature can be verified by a receiver without the help of an arbitrator. Moreover, we show that our scheme provides the functions of quantum message integrity, user authentication and non-repudiation of the origin as in digital signature schemes. (paper)

Two-level schemes for the advection equation

Science.gov (United States)

Vabishchevich, Petr N.

2018-06-01

The advection equation is the basis for mathematical models of continuum mechanics. In the approximate solution of nonstationary problems it is necessary to inherit main properties of the conservatism and monotonicity of the solution. In this paper, the advection equation is written in the symmetric form, where the advection operator is the half-sum of advection operators in conservative (divergent) and non-conservative (characteristic) forms. The advection operator is skew-symmetric. Standard finite element approximations in space are used. The standard explicit two-level scheme for the advection equation is absolutely unstable. New conditionally stable regularized schemes are constructed, on the basis of the general theory of stability (well-posedness) of operator-difference schemes, the stability conditions of the explicit Lax-Wendroff scheme are established. Unconditionally stable and conservative schemes are implicit schemes of the second (Crank-Nicolson scheme) and fourth order. The conditionally stable implicit Lax-Wendroff scheme is constructed. The accuracy of the investigated explicit and implicit two-level schemes for an approximate solution of the advection equation is illustrated by the numerical results of a model two-dimensional problem.

Carbon allowance auction design of China's emissions trading scheme: A multi-agent-based approach

International Nuclear Information System (INIS)

Tang, Ling; Wu, Jiaqian; Yu, Lean; Bao, Qin

2017-01-01

In this paper, a multi-agent-based ETS simulation model is proposed for carbon allowance auction design in China. In the proposed model, two main agents, i.e., the government (the ETS implementer) and the firms in different sectors (the ETS targets), are considered. Under the ETS policy, all agents make various decisions individually according to their own goals, and interact with each other through three main markets: the commodity market, the primary carbon auction market and the secondary carbon trading market. Different popular auction designs are introduced into the ETS formulation to offer helpful insights into China's ETS design. (1) Generally, the ETS would lead to positive effects on China's carbon mitigation and energy structure improvement, but a negative impact on economy. (2) As for auction forms, the uniform-price design is relatively moderate, while the discriminative-price design is quite aggressive in both economic damage and emissions reduction. (3) As for carbon price, the uniform-price auction might generate a slightly higher market clearing price than the discriminative-price auction, and the prices under two auction rules fluctuate about RMB 40 per metric ton. (4) As for carbon cap, the total allowances in the carbon auction market should be carefully set to well balance economic growth and mitigation effect. - Highlights: • A multi-agent-based model is proposed for China's emissions trading scheme (ETS). • Two main economic agents are included: government and firms in different sectors. • Auction-based allocation for initial carbon allowances is especially investigated. • Economic and environmental impacts of different auction designs are analyzed. • Results confirm the validity of the model and give helpful insights into ETS design.

Optimal Sales Schemes for Network Goods

DEFF Research Database (Denmark)

Parakhonyak, Alexei; Vikander, Nick

consumers simultaneously, serve them all sequentially, or employ any intermediate scheme. We show that the optimal sales scheme is purely sequential, where each consumer observes all previous sales before choosing whether to buy himself. A sequential scheme maximizes the amount of information available...

Fuzzy inference game approach to uncertainty in business decisions and market competitions.

Science.gov (United States)

Oderanti, Festus Oluseyi

2013-01-01

The increasing challenges and complexity of business environments are making business decisions and operations more difficult for entrepreneurs to predict the outcomes of these processes. Therefore, we developed a decision support scheme that could be used and adapted to various business decision processes. These involve decisions that are made under uncertain situations such as business competition in the market or wage negotiation within a firm. The scheme uses game strategies and fuzzy inference concepts to effectively grasp the variables in these uncertain situations. The games are played between human and fuzzy players. The accuracy of the fuzzy rule base and the game strategies help to mitigate the adverse effects that a business may suffer from these uncertain factors. We also introduced learning which enables the fuzzy player to adapt over time. We tested this scheme in different scenarios and discover that it could be an invaluable tool in the hand of entrepreneurs that are operating under uncertain and competitive business environments.

A magnet lattice for a tau-charm factory suitable for both standard scheme and monochromatization scheme

International Nuclear Information System (INIS)

Beloshitsky, P.

1992-06-01

A versatile magnet lattice for a tau-charm factory is considered in this report. The main feature of this lattice is the possibility to use it for both standard flat beam scheme and beam monochromatization scheme. The detailed description of the lattice is given. The restrictions following the compatibility of both schemes are discussed

An implementation of particle swarm optimization to evaluate optimal under-voltage load shedding in competitive electricity markets

Science.gov (United States)

Hosseini-Bioki, M. M.; Rashidinejad, M.; Abdollahi, A.

2013-11-01

Load shedding is a crucial issue in power systems especially under restructured electricity environment. Market-driven load shedding in reregulated power systems associated with security as well as reliability is investigated in this paper. A technoeconomic multi-objective function is introduced to reveal an optimal load shedding scheme considering maximum social welfare. The proposed optimization problem includes maximum GENCOs and loads' profits as well as maximum loadability limit under normal and contingency conditions. Particle swarm optimization (PSO) as a heuristic optimization technique, is utilized to find an optimal load shedding scheme. In a market-driven structure, generators offer their bidding blocks while the dispatchable loads will bid their price-responsive demands. An independent system operator (ISO) derives a market clearing price (MCP) while rescheduling the amount of generating power in both pre-contingency and post-contingency conditions. The proposed methodology is developed on a 3-bus system and then is applied to a modified IEEE 30-bus test system. The obtained results show the effectiveness of the proposed methodology in implementing the optimal load shedding satisfying social welfare by maintaining voltage stability margin (VSM) through technoeconomic analyses.

THROUGHPUT ANALYSIS OF EXTENDED ARQ SCHEMES

African Journals Online (AJOL)

PUBLICATIONS1

ABSTRACT. Various Automatic Repeat Request (ARQ) schemes have been used to combat errors that befall in- formation transmitted in digital communication systems. Such schemes include simple ARQ, mixed mode ARQ and Hybrid ARQ (HARQ). In this study we introduce extended ARQ schemes and derive.

A proposal for investment recovery of FACTS devices in deregulated electricity markets

International Nuclear Information System (INIS)

Mithulananthan, Nadarajah; Acharya, Naresh

2007-01-01

The paper presents a methodology to quantify the benefits, in terms of monetary values, of FACTS devices when used in deregulated electricity market for congestion management. The proposed methodology is used in the proposal for investment recovery of FACTS devices. Despite the long history of development and mature technology, the practical installations of FACTS devices are still limited. The main reasons for few installations are high investment cost and lack of viable measures to quantify the long list of benefits offered by FACTS device. In this respect, the methodology proposed in the paper provides a promising solution. The proposed methodology is based on establishing pricing schemes with and without FACTS devices using OPF formulation. The volume of market with FACTS devices and the increase in surplus due to them forms the basis of quantifying their benefits. The pricing scheme does not destroy the incentive effect in short run and also makes possible the provision of merchant FACTS. The proposed concept was tested and validated with TCSC in five-bus test system. Result shows that, when TCSC is used to relieve congestion in the system and the investment on TCSC can be recovered. (author)

Market vs. policy failures. How governments affect electricity markets and what they should do

Energy Technology Data Exchange (ETDEWEB)

Jus, Darko

2013-11-06

This dissertation analyzes four key aspects related to the development of renewable energy. Firstly, in the presence of a climate change externality, a first-best allocation on the electricity market generally cannot be achieved with a renewable energy subsidy, thus highlighting its imperfectness in replacing a correct pricing of carbon dioxide emissions (Chapter 2). Secondly, supposing the existence of an emission trading system, this dissertation investigates the effects of additionally supporting renewable energy. Surprisingly, when considering a one-country model, the market participant who loses rents due to the introduction of a levy-financing subsidy scheme, such as the case of Germany, proves to be the fossil electricity producers rather than the electricity consumers (Chapter 3). Thirdly, considering a more realistic two-country framework, it becomes more likely that domestic electricity consumers have to accept a higher electricity price, while rents are shifted to foreign electricity consumers as a consequence of unilateral renewable energy support (Chapter 4). Fourthly, this dissertation studies reasons for employing technology-specific feed-in tariffs, and in contrast to usual intuition, finds them to be (static) efficiency improving when policy has committed to achieving a strong renewable energy target (Chapter 5).

Market vs. policy failures. How governments affect electricity markets and what they should do

International Nuclear Information System (INIS)

Jus, Darko

2013-01-01

This dissertation analyzes four key aspects related to the development of renewable energy. Firstly, in the presence of a climate change externality, a first-best allocation on the electricity market generally cannot be achieved with a renewable energy subsidy, thus highlighting its imperfectness in replacing a correct pricing of carbon dioxide emissions (Chapter 2). Secondly, supposing the existence of an emission trading system, this dissertation investigates the effects of additionally supporting renewable energy. Surprisingly, when considering a one-country model, the market participant who loses rents due to the introduction of a levy-financing subsidy scheme, such as the case of Germany, proves to be the fossil electricity producers rather than the electricity consumers (Chapter 3). Thirdly, considering a more realistic two-country framework, it becomes more likely that domestic electricity consumers have to accept a higher electricity price, while rents are shifted to foreign electricity consumers as a consequence of unilateral renewable energy support (Chapter 4). Fourthly, this dissertation studies reasons for employing technology-specific feed-in tariffs, and in contrast to usual intuition, finds them to be (static) efficiency improving when policy has committed to achieving a strong renewable energy target (Chapter 5).

Ponzi scheme diffusion in complex networks

Science.gov (United States)

Zhu, Anding; Fu, Peihua; Zhang, Qinghe; Chen, Zhenyue

2017-08-01

Ponzi schemes taking the form of Internet-based financial schemes have been negatively affecting China's economy for the last two years. Because there is currently a lack of modeling research on Ponzi scheme diffusion within social networks yet, we develop a potential-investor-divestor (PID) model to investigate the diffusion dynamics of Ponzi scheme in both homogeneous and inhomogeneous networks. Our simulation study of artificial and real Facebook social networks shows that the structure of investor networks does indeed affect the characteristics of dynamics. Both the average degree of distribution and the power-law degree of distribution will reduce the spreading critical threshold and will speed up the rate of diffusion. A high speed of diffusion is the key to alleviating the interest burden and improving the financial outcomes for the Ponzi scheme operator. The zero-crossing point of fund flux function we introduce proves to be a feasible index for reflecting the fast-worsening situation of fiscal instability and predicting the forthcoming collapse. The faster the scheme diffuses, the higher a peak it will reach and the sooner it will collapse. We should keep a vigilant eye on the harm of Ponzi scheme diffusion through modern social networks.

New marketing, improved marketing, apocryphal marketing: is one marketing concept enough?

OpenAIRE

Woodall, T

2007-01-01

PURPOSE – This paper seeks to explore marketing's ambiguous relationship with truth and, in so doing, to question the efficacy and value of the marketing concept and the very nature of marketing itself. Is marketing something that marketers do, or is it something much broader than this? If the latter, are marketers themselves either willing, or able to operate beyond traditional boundaries and, if not, should they focus – honourably – on what they do best, and encourage/support others who mig...

Price regulation to remove EE-DSM disincentives and pressure for increased energy sales in monopoly segments of restructured electricity and gas markets: the multiple drivers target (MDT) tariff scheme

International Nuclear Information System (INIS)

Pagliano, L.; Alari, P.; Ruggieri, G.; Irrek, W.; Thomas, S.; Leprich, U.

2002-01-01

Even in restructured markets a part of the energy business remains a monopoly and should be correctly regulated. We present an analysis which reveals common structures in schemes enacted in UK, Norway, Portugal and recently (on the basis of this study) in Italy. The identified structure, which we named Multiple Driver Target (MDT) regulation is a performance-based regulation scheme, which provides incentives for greater economic efficiency, without creating biases against environmental efficiency. The method relies on a statistical analysis of the correlation of utility costs and a few 'cost drivers' (e.g. number of customers served, grid length, sold or transported energy). We discuss how MDT can be used to set price levels and price changes in the regulatory period in such a way to correctly match the evolution of costs and avoid awarding unwanted signals to utilities. At the opposite, pure Price Cap regulation provides artificial incentives to utilities to increase energy sales (even if this is not economic for the customers nor for society ) beyond the predicted levels foreseen in the price fixing Rate Cases. We show that Under MDT regulation the reduction in profits due to reduced sales as a consequence of DSM is minimised. In so doing this procedure removes the most important disincentive for utilities to implement DSM programmes since lost profits due to reduced sales can be substantially higher than direct costs of DSM programmes; once MDT regulation is in place, also these direct costs can be recovered through a small part of the tariff. We also discuss how MDT can be implemented with a moderate effort by regulatory authorities. (author)

The Performance-based Funding Scheme of Universities

Directory of Open Access Journals (Sweden)

Juha KETTUNEN

2016-05-01

Full Text Available The purpose of this study is to analyse the effectiveness of the performance-based funding scheme of the Finnish universities that was adopted at the beginning of 2013. The political decision-makers expect that the funding scheme will create incentives for the universities to improve performance, but these funding schemes have largely failed in many other countries, primarily because public funding is only a small share of the total funding of universities. This study is interesting because Finnish universities have no tuition fees, unlike in many other countries, and the state allocates funding based on the objectives achieved. The empirical evidence of the graduation rates indicates that graduation rates increased when a new scheme was adopted, especially among male students, who have more room for improvement than female students. The new performance-based funding scheme allocates the funding according to the output-based indicators and limits the scope of strategic planning and the autonomy of the university. The performance-based funding scheme is transformed to the strategy map of the balanced scorecard. The new funding scheme steers universities in many respects but leaves the research and teaching skills to the discretion of the universities. The new scheme has also diminished the importance of the performance agreements between the university and the Ministry. The scheme increases the incentives for universities to improve the processes and structures in order to attain as much public funding as possible. It is optimal for the central administration of the university to allocate resources to faculties and other organisational units following the criteria of the performance-based funding scheme. The new funding scheme has made the universities compete with each other, because the total funding to the universities is allocated to each university according to the funding scheme. There is a tendency that the funding schemes are occasionally

A Classification Scheme for Literary Characters

Directory of Open Access Journals (Sweden)

Matthew Berry

2017-10-01

Full Text Available There is no established classification scheme for literary characters in narrative theory short of generic categories like protagonist vs. antagonist or round vs. flat. This is so despite the ubiquity of stock characters that recur across media, cultures, and historical time periods. We present here a proposal of a systematic psychological scheme for classifying characters from the literary and dramatic fields based on a modification of the Thomas-Kilmann (TK Conflict Mode Instrument used in applied studies of personality. The TK scheme classifies personality along the two orthogonal dimensions of assertiveness and cooperativeness. To examine the validity of a modified version of this scheme, we had 142 participants provide personality ratings for 40 characters using two of the Big Five personality traits as well as assertiveness and cooperativeness from the TK scheme. The results showed that assertiveness and cooperativeness were orthogonal dimensions, thereby supporting the validity of using a modified version of TK’s two-dimensional scheme for classifying characters.

How can conceptual schemes change teaching?

Science.gov (United States)

Wickman, Per-Olof

2012-03-01

Lundqvist, Almqvist and Östman describe a teacher's manner of teaching and the possible consequences it may have for students' meaning making. In doing this the article examines a teacher's classroom practice by systematizing the teacher's transactions with the students in terms of certain conceptual schemes, namely the epistemological moves, educational philosophies and the selective traditions of this practice. In connection to their study one may ask how conceptual schemes could change teaching. This article examines how the relationship of the conceptual schemes produced by educational researchers to educational praxis has developed from the middle of the last century to today. The relationship is described as having been transformed in three steps: (1) teacher deficit and social engineering, where conceptual schemes are little acknowledged, (2) reflecting practitioners, where conceptual schemes are mangled through teacher practice to aid the choices of already knowledgeable teachers, and (3) the mangling of the conceptual schemes by researchers through practice with the purpose of revising theory.

Trickster Fiddles with Informatics: The Social Impact of Technological Marketing Schemes

Directory of Open Access Journals (Sweden)

M Louise Ripley

2008-02-01

Full Text Available "Information is power if and only if you have the knowledge to know what it means, the will to use it, the ability to apply it, and access to a channel of communication" [1]. We see this in current fields of research as varied as Marketing, Philosophy, and Communications Studies, and in current issues about who owns and controls technology. But a character from a far older tradition helps explain many problems in society today with technology: Trickster, the mythical character who confuses fact with fiction, makes good use of Technoism, a term coined by Davis [2] in 1999 to denote suppressed skepticism and blind compliance with the chaotic and uncontrolled progression of technology in our lives that leads to a dangerous split between the "haves" and "have-nots" of the technology world. This paper will discuss the use of Technoism to give the public and users of technology a false sense of power and control over their lives when in fact they are being duped into a financially motivated campaign of consumer exploitation. The paper makes some recommendations for establishing a conscience in the use of technology.

An Arbitrated Quantum Signature Scheme without Entanglement*

International Nuclear Information System (INIS)

Li Hui-Ran; Luo Ming-Xing; Peng Dai-Yuan; Wang Xiao-Jun

2017-01-01

Several quantum signature schemes are recently proposed to realize secure signatures of quantum or classical messages. Arbitrated quantum signature as one nontrivial scheme has attracted great interests because of its usefulness and efficiency. Unfortunately, previous schemes cannot against Trojan horse attack and DoS attack and lack of the unforgeability and the non-repudiation. In this paper, we propose an improved arbitrated quantum signature to address these secure issues with the honesty arbitrator. Our scheme takes use of qubit states not entanglements. More importantly, the qubit scheme can achieve the unforgeability and the non-repudiation. Our scheme is also secure for other known quantum attacks . (paper)

Pricing of American Put Option under a Jump Diffusion Process with Stochastic Volatility in an Incomplete Market

Directory of Open Access Journals (Sweden)

Shuang Li

2014-01-01

Full Text Available We study the pricing of American options in an incomplete market in which the dynamics of the underlying risky asset is driven by a jump diffusion process with stochastic volatility. By employing a risk-minimization criterion, we obtain the Radon-Nikodym derivative for the minimal martingale measure and consequently a linear complementarity problem (LCP for American option price. An iterative method is then established to solve the LCP problem for American put option price. Our numerical results show that the model and numerical scheme are robust in capturing the feature of incomplete finance market, particularly the influence of market volatility on the price of American options.

An Evaluation of Indonesian Capital Market Co-integration with ASEAN 4 to Enter the ASEAN Capital Market Integration in Accordance to ASEAN Economic Community (AEC 2020 Scheme: Should Indonesia Enter or Postpone?

Directory of Open Access Journals (Sweden)

Barli Suryanta

2014-08-01

Full Text Available Association of South East Asian Nations (ASEAN Economic Community (AEC 2020 has already been declared on 7 October 2003 by ASEAN Concord II in Bali, Indonesia. In general, AEC was designed to prepare ASEAN countries for ASEAN economic integration within the next 10-15 year. ASEAN Free Trade  Area (AFTA  had  actually  been  launched since 1992 though was not comprehensive enough and kept ASEAN only partially integrated. To overcome it, ASEAN proposed  inancial  integration  through  capital market  integration based on AEC commitment in order to reach comprehensive ASEAN economic integration. Indonesia is one of the  ASEAN  members  that  is  linked  by AEC  2020.  The  purpose  of  this paper is to evaluate Indonesian capital market co-integration in entering the ASEAN capital market integration compared to those of ASEAN 4. To examine the notion of the Indonesian capital  market  integration  within ASEAN  region, cointegration model  is  utilised  to  igure out co-integration between Indonesian stock market indices and ASEAN 4, i.e., Singapore, Malaysia, Philippines and Thailand. In addition, Vector Auto-regression (VAR model is also utilised to examine Indonesian market returns co-movement and dynamic link with ASEAN 4.  The  conclusions  of  this  research,  i.e.  co-integration  between  Indonesian  capital  market with  Singaporean,  Malaysian,  Philippines,  and  Thailand  does  not  exist;  there  is  neither co-movement  nor  strong  dynamic  link  between  Indonesian  capital  market  with  those  of Singaporean, Malaysian, Philippines, and Thailand. This paper also recommends Indonesia to postpone the integration of its capital market into the integrated ASEAN capital market. ";} // -->activate javascript

Risk selection and risk adjustment: improving insurance in the individual and small group markets.

Science.gov (United States)

Baicker, Katherine; Dow, William H

2009-01-01

Insurance market reforms face the key challenge of addressing the threat that risk selection poses to the availability, of stable, high-value insurance policies that provide long-term risk protection. Many of the strategies in use today fail to address this breakdown in risk pooling, and some even exacerbate it. Flexible risk adjustment schemes are a promising avenue for promoting market stability and limiting insurer cream-skimming, potentially providing greater benefits at lower cost. Reforms intended to increase insurance coverage and the value of care delivered will be much more effective if implemented in conjunction with policies that address these fundamental selection issues.

Breeding schemes in reindeer husbandry

Directory of Open Access Journals (Sweden)

Lars Rönnegård

2003-04-01

Full Text Available The objective of the paper was to investigate annual genetic gain from selection (G, and the influence of selection on the inbreeding effective population size (Ne, for different possible breeding schemes within a reindeer herding district. The breeding schemes were analysed for different proportions of the population within a herding district included in the selection programme. Two different breeding schemes were analysed: an open nucleus scheme where males mix and mate between owner flocks, and a closed nucleus scheme where the males in non-selected owner flocks are culled to maximise G in the whole population. The theory of expected long-term genetic contributions was used and maternal effects were included in the analyses. Realistic parameter values were used for the population, modelled with 5000 reindeer in the population and a sex ratio of 14 adult females per male. The standard deviation of calf weights was 4.1 kg. Four different situations were explored and the results showed: 1. When the population was randomly culled, Ne equalled 2400. 2. When the whole population was selected on calf weights, Ne equalled 1700 and the total annual genetic gain (direct + maternal in calf weight was 0.42 kg. 3. For the open nucleus scheme, G increased monotonically from 0 to 0.42 kg as the proportion of the population included in the selection programme increased from 0 to 1.0, and Ne decreased correspondingly from 2400 to 1700. 4. In the closed nucleus scheme the lowest value of Ne was 1300. For a given proportion of the population included in the selection programme, the difference in G between a closed nucleus scheme and an open one was up to 0.13 kg. We conclude that for mass selection based on calf weights in herding districts with 2000 animals or more, there are no risks of inbreeding effects caused by selection.

Quantum Secure Communication Scheme with W State

International Nuclear Information System (INIS)

Wang Jian; Zhang Quan; Tang Chaojng

2007-01-01

We present a quantum secure communication scheme using three-qubit W state. It is unnecessary for the present scheme to use alternative measurement or Bell basis measurement. Compared with the quantum secure direct communication scheme proposed by Cao et al. [H.J. Cao and H.S. Song, Chin. Phys. Lett. 23 (2006) 290], in our scheme, the detection probability for an eavesdropper's attack increases from 8.3% to 25%. We also show that our scheme is secure for a noise quantum channel.

The power industry's role in a white certificate market; Kraftbransjens rolle i et hvitt sertifikatmarked

Energy Technology Data Exchange (ETDEWEB)

2010-03-15

If a system of white certificates is introduced in Norway, the scheme should be based on the establishment of an emissions trading scheme - which must be proven reached through the disclosure of white certificates. White certificates issued on the basis of implemented energy efficiency measures. In the electricity market the power supplier company should probably be the one who is committed to achieving the quota obligation. In principle, many different types of actors might be the implementer and receive certificates for the measures. There are business opportunities in being the implementing actor. (AG)

Current experience with support schemes for RES-E in Europe. A regulatory point of view

International Nuclear Information System (INIS)

Lackner, Ursula

2006-01-01

The need to reduce the dependence of the European economy on imported primary energy and the impact of fossil fuels on the environment has encouraged countries to increase the share of renewable energy sources (RES) for electricity supply. EU Directive 2001/77/EC requires EU Member States to take appropriate steps to introduce new incentive mechanisms in order to reach the target of generating 21 % of the electricity in the EU from RES. At the same time EU Directive 2003/54/EC takes significant steps towards establishing a single market in electricity across the EU. Under this directive, European energy regulators have a number of responsibilities. These include the avoidance of discrimination and the promotion of effective competition along with an efficient functioning of the market. One of their main tasks is to ensure that European consumers pay a final electricity price that is as cost reflective as possible. The final price shall also reflect the social and the environmental costs. At the current stage it is not unlikely that the promotion of renewable energy sources will create significant barriers and distortions on the liberalized electricity market. Several issues arising from the implementation of renewable incentive schemes and policies can be identified and are analysed below; - Conflicting targets on EU-Level; - The variation in the level of incentives may be greater among Member States than is justified by the real level of technology costs, or other factors; - Unbalanced burden sharing for final consumers, due to different allocation mechanisms and designs of support schemes; -The regulation and charges for relevant items of the electricity chain, such as connection and balancing costs, vary significantly among Member States and may introduce competitive advantages. The contents of the paper is as follows: 1 Background; 2 Conflicting targets on EU-Level; 3 Different support levels; 4 Unbalanced burden sharing of final customers; 5 Allocation of

Optimum RA reactor fuelling scheme

International Nuclear Information System (INIS)

Strugar, P.; Nikolic, V.

1965-10-01

Ideal reactor refueling scheme can be achieved only by continuous fuel elements movement in the core, which is not possible, and thus approximations are applied. One of the possible approximations is discontinuous movement of fuel elements groups in radial direction. This enables higher burnup especially if axial exchange is possible. Analysis of refueling schemes in the RA reactor core and schemes with mixing the fresh and used fuel elements show that 30% higher burnup can be achieved by applying mixing, and even 40% if reactivity due to decrease in experimental space is taken into account. Up to now, mean burnup of 4400 MWd/t has been achieved, and the proposed fueling scheme with reduction of experimental space could achieve mean burnup of 6300 MWd/t which means about 25 Mwd/t per fuel channel [sr

Solar thermal market in Taiwan

International Nuclear Information System (INIS)

Chang, Keh-Chin; Lin, Wei-Min; Chung, Kung-Ming

2013-01-01

The long-duration of national programs has been the driving force behind the expansion of the local market of solar water heaters (SWHs) in Taiwan in the last two decades. This study examines the potential market for SWHs using the statistical data from end users and the 2010 Population and Housing Census. The current effective utilization rate of residential SWHs in terms of potential number of systems installed is estimated to be 11.8%. The analyses also show that the current national subsidy program has recently lost its momentum in expanding the market. Therefore, regional subsidy programs should become the main force in influencing the growth in sales. In addition, SWHs of larger scale would be particularly effective in industries. To promote such applications, a combination of performance-based and direct subsidy schemes or tax deductions can be offered to end users to promote the applications of SWHs in the commercial sector. Solar-assisted cooling systems are considered to be another potential application of solar energy, which is associated with energy saving and power consumption in commercial and residential buildings. A short review of the R and D activities is also given in this paper. - Highlights: ► Regional subsidy programs will be the main force in influencing the growth in sales. ► A revised program is needed to promote solar water heaters for industry applications. ► Solar-assisted cooling systems are potential applications of solar energy in Taiwan

Student’s scheme in solving mathematics problems

Science.gov (United States)

Setyaningsih, Nining; Juniati, Dwi; Suwarsono

2018-03-01

The purpose of this study was to investigate students’ scheme in solving mathematics problems. Scheme are data structures for representing the concepts stored in memory. In this study, we used it in solving mathematics problems, especially ratio and proportion topics. Scheme is related to problem solving that assumes that a system is developed in the human mind by acquiring a structure in which problem solving procedures are integrated with some concepts. The data were collected by interview and students’ written works. The results of this study revealed are students’ scheme in solving the problem of ratio and proportion as follows: (1) the content scheme, where students can describe the selected components of the problem according to their prior knowledge, (2) the formal scheme, where students can explain in construct a mental model based on components that have been selected from the problem and can use existing schemes to build planning steps, create something that will be used to solve problems and (3) the language scheme, where students can identify terms, or symbols of the components of the problem.Therefore, by using the different strategies to solve the problems, the students’ scheme in solving the ratio and proportion problems will also differ.

hybrid modulation scheme fo rid modulation scheme fo dulation

African Journals Online (AJOL)

eobe

control technique is done through simulations and ex control technique .... HYBRID MODULATION SCHEME FOR CASCADED H-BRIDGE INVERTER CELLS. C. I. Odeh ..... and OR operations. Referring to ... MATLAB/SIMULINK environment.

Towards Symbolic Encryption Schemes

DEFF Research Database (Denmark)

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

2012-01-01

, 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......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......-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....

Setting aside transactions from pyramid schemes as impeachable ...

African Journals Online (AJOL)

These schemes, which are often referred to as pyramid or Ponzi schemes, are unsustainable operations and give rise to problems in the law of insolvency. Investors in these schemes are often left empty-handed upon the scheme's eventual collapse and insolvency. Investors who received pay-outs from the scheme find ...

An empirical typology of energy services based on a well-developed market: France

International Nuclear Information System (INIS)

Duplessis, Bruno; Adnot, Jérôme; Dupont, Maxime; Racapé, François

2012-01-01

The investigation is an attempt to apply a set of consistent and official definitions of energy services (ES), energy efficiency services (EES) and energy performance contracting (EPC) on a well-developed market: France. After defining the historical context of the French market the authors describe the types of offers that are presently made and that fall within the definition of energy services. There are many classic and novel factors for the success of energy services. For instance, the energy services market is now partly structured by the CEE scheme, the French ‘white certificates’ or ‘energy certificates scheme’. Also the grid problems lead to new services. The companies active on the market are described as a result of an empirical survey of ES market in France. This empirical survey of ES market in France includes estimates of the number of companies and of their turnover both for ES and EES. Examples and case studies are developed as a background. - Highlights: ► We apply a consistent and official set of definitions of energy services (ES). ► French ES market is structured by historical ES and shaped by recent evolutions. ► French ES market is now partly structured by white certificates and grid management. ► We describe the companies active on French market through an empirical survey. ► We have estimated French market size (actors and turnover) both for ES and EES.

Reliability payments to generation capacity in electricity markets

International Nuclear Information System (INIS)

Olsina, Fernando; Pringles, Rolando; Larisson, Carlos; Garcés, Francisco

2014-01-01

Electric power is a critical input to modern economies. Generation adequacy and security of supply in power systems running under competition are currently topics of high concern for consumers, regulators and governments. In a market setting, generation investments and adequacy can only be achieved by an appropriate regulatory framework that sets efficient remuneration to power capacity. Theoretically, energy-only electricity markets are efficient and no additional mechanism is needed. Nonetheless, the energy-only market design suffers from serious drawbacks. Therefore, jointly with the evolution of electricity markets, many remunerating mechanisms for generation capacity have been proposed. Explicit capacity payment was the first remunerating approach implemented and perhaps still the most applied. However, this price-based regulation has been applied no without severe difficulties and criticism. In this paper, a new reliability payment mechanism is envisioned. Capacity of each generating unit is paid according to its effective contribution to overall system reliability. The proposed scheme has many attractive features and preserves the theoretical efficiency properties of energy-only markets. Fairness, incentive compatibility, market power mitigation and settlement rules are investigated in this work. The article also examines the requirements for system data and models in order to implement the proposed capacity mechanism. A numerical example on a real hydrothermal system serves for illustrating the practicability of the proposed approach and the resulting reliability payments to the generation units. - Highlights: • A new approach for remunerating supply reliability provided by generation units is proposed. • The contribution of each generating unit to lessen power shortfalls is determined by simulations. • Efficiency, fairness and incentive compatibility of the proposed reliability payment are assessed

Renormalization scheme-invariant perturbation theory

International Nuclear Information System (INIS)

Dhar, A.

1983-01-01

A complete solution to the problem of the renormalization scheme dependence of perturbative approximants to physical quantities is presented. An equation is derived which determines any physical quantity implicitly as a function of only scheme independent variables. (orig.)

Nonlinear secret image sharing scheme.

Science.gov (United States)

Shin, Sang-Ho; Lee, Gil-Je; Yoo, Kee-Young

2014-01-01

Over the past decade, most of secret image sharing schemes have been proposed by using Shamir's technique. It is based on a linear combination polynomial arithmetic. Although Shamir's technique based secret image sharing schemes are efficient and scalable for various environments, there exists a security threat such as Tompa-Woll attack. Renvall and Ding proposed a new secret sharing technique based on nonlinear combination polynomial arithmetic in order to solve this threat. It is hard to apply to the secret image sharing. In this paper, we propose a (t, n)-threshold nonlinear secret image sharing scheme with steganography concept. In order to achieve a suitable and secure secret image sharing scheme, we adapt a modified LSB embedding technique with XOR Boolean algebra operation, define a new variable m, and change a range of prime p in sharing procedure. In order to evaluate efficiency and security of proposed scheme, we use the embedding capacity and PSNR. As a result of it, average value of PSNR and embedding capacity are 44.78 (dB) and 1.74t⌈log2 m⌉ bit-per-pixel (bpp), respectively.

Impact of the carbon price on the integrating European electricity market

International Nuclear Information System (INIS)

Aatola, Piia; Ollikainen, Markku; Toppinen, Anne

2013-01-01

We study the impact of the carbon price on the integrating electricity market in the EU. Our theoretical framework suggests that the price of carbon has a positive but uneven impact on electricity prices depending on the marginal production plant. The carbon price may increase price differences in the short run. We apply time series analysis on daily forward data from 2003 to 2011 and investigate whether we can find empirical evidence for our analytical findings. Our results support the hypotheses that integration in electricity prices has increased over time and that the carbon price has a positive but uneven impact on the integration of prices. - Highlights: • We model the integrating European electricity market under emissions trading scheme. • We examine the impact of carbon price on the electricity market prices. • We test theoretical hypotheses with econometric models. • Results show carbon price has a positive but uneven impact on electricity prices. • Integration among electricity prices has increased during 2003–2011

Hedging Price Risks of Farmers by Commodity Boards: A Simulation Applied to the Indian Natural Rubber Market

NARCIS (Netherlands)

Zant, W.

2001-01-01

This paper investigates a hypothetical hedging scheme in a domestic commodity market under which a commodity board offers a forward contract to domestic producers and local traders and covers its commitments on an international futures exchange. It is aimed to quantify welfare gains to agents in the

Risk classification and cream skimming on the deregulated German insurance market

OpenAIRE

Beschorner, Patrick F. E.

2003-01-01

In a two-stage model insurance companies first decide upon risk classification and then compete in prices. I show that the observed heterogeneous behavior of similar firms is compatible with rational behavior. On the deregulated German insurance market individual application of classification schemes induces welfare losses due to cream skimming. Classification costs and pricing above marginal cost can be prevented by common industry-wide loss statistics which already exist to a rudimentary ex...

To quell obesity, who should regulate food marketing to children?

Directory of Open Access Journals (Sweden)

Kelly Ben

2005-07-01

Full Text Available Abstract The global hegemony of the United States in the production and marketing of food, while a marvel of economic success, has contributed to the epidemic of obesity that is particularly afflicting children. So far the U.S. government has declined to regulate the aggressive ways in which food producers market high-energy, low-nutrition foods to young people. That public-health responsibility has been left to an industry-created scheme of self-regulation that is deeply flawed; there is a compelling need for government involvement. The issue is certain to be raised by health advocates at a U.S. Federal Trade Commission meeting in mid-July to discuss the self-regulatory approach, but the outlook for remedies to emerge from the meeting is not encouraging.

Symmetric weak ternary quantum homomorphic encryption schemes

Science.gov (United States)

Wang, Yuqi; She, Kun; Luo, Qingbin; Yang, Fan; Zhao, Chao

2016-03-01

Based on a ternary quantum logic circuit, four symmetric weak ternary quantum homomorphic encryption (QHE) schemes were proposed. First, for a one-qutrit rotation gate, a QHE scheme was constructed. Second, in view of the synthesis of a general 3 × 3 unitary transformation, another one-qutrit QHE scheme was proposed. Third, according to the one-qutrit scheme, the two-qutrit QHE scheme about generalized controlled X (GCX(m,n)) gate was constructed and further generalized to the n-qutrit unitary matrix case. Finally, the security of these schemes was analyzed in two respects. It can be concluded that the attacker can correctly guess the encryption key with a maximum probability pk = 1/33n, thus it can better protect the privacy of users’ data. Moreover, these schemes can be well integrated into the future quantum remote server architecture, and thus the computational security of the users’ private quantum information can be well protected in a distributed computing environment.

Labelling schemes: From a consumer perspective

DEFF Research Database (Denmark)

Juhl, Hans Jørn; Stacey, Julia

2000-01-01

Labelling of food products attracts a lot of political attention these days. As a result of a number of food scandals, most European countries have acknowledged the need for more information and better protection of consumers. Labelling schemes are one way of informing and guiding consumers....... However, initiatives in relation to labelling schemes seldom take their point of departure in consumers' needs and expectations; and in many cases, the schemes are defined by the institutions guaranteeing the label. It is therefore interesting to study how consumers actually value labelling schemes....... A recent MAPP study has investigated the value consumers attach the Government-controlled labels 'Ø-mærket' and 'Den Blå Lup' and the private supermarket label 'Mesterhakket' when they purchase minced meat. The results reveal four consumer segments that use labelling schemes for food products very...

Essays on microgrids, asymmetric pricing and market power in electricity markets

Science.gov (United States)

Lo Prete, Chiara

. Chapter 4 examines the possibility of asymmetric transmission of CO 2 and fuel prices to electricity futures prices in the second phase of the European Emission Trading Scheme. The goal is to assess whether output prices tend to respond more quickly to input price increases than decreases: this phenomenon is known as "rockets and feathers" in the literature. Results do not provide empirical evidence of statistically significant differences in the response of power prices to positive and negative shocks in CO 2 allowance and fuel markets. Chapter 5 re-examines the issue of the potential exercise of market power in California after liberalization, with a focus on its day-ahead energy market (the former PX) and its five largest thermal generators. The analysis focuses on a peak hour of operation (hour 18) and disregards hours in which congestion occurred. First, I define a direct measure of unilateral market power for each firm, equal to the hourly inverse elasticity of its residual demand function. The second part of the analysis aims at assessing whether the necessary conditions for the unilateral exercise of market power were satisfied in practice, based on a comparison of PX market-clearing prices, estimated marginal revenues and estimated bounds for the marginal costs of generation of each supplier. By conservatively assuming that the estimated upper bound is close to each firm's actual marginal cost of generation, the analysis suggests that in a large fraction of hours the thermal generators were acting less competitively that what implied by unilateral profit maximization. If instead I explicitly account for uncertainty in the marginal cost estimates with the introduction of a +/-10% margin on the estimated bounds, thermal generators are equally likely to bid close to their marginal costs or above them. Among the hours characterized by market-clearing prices above marginal costs, 64% present, on average, evidence of less competitive than Nash behavior. Two possible

Towards mass-market development of wind energy

International Nuclear Information System (INIS)

Palz, W.

1996-01-01

The wind turbine technologies employed in today's markets for wind energy are innovative, efficient and in many cases cost competitive. A world market of more than 1000 MW/year and with a turnover of 1 billion ECU has developed and 30,000 new jobs have been created, most of them in small and medium size enterprises. 80% of today's world production is European. The preferred turbine capacity of today is 500 kW. In the next few years a three-fold increase in the rated power of most commercial machines to 1.5 MW is expected. The new large machines have been achieved through the ''WEGA''-programme of the European Commission. Significant market penetration of wind power in the European Union is very recent. The 2500 MW installed wind capacity in Europe today accounts only for 1/2% of the total capacity available for electricity production. Markets of the future will depend on a better development of the economic integration issues of wind energy into large networks. A key is the cost of electric grids which conditions the opportunity cost for feeding wind power at any particular point into the grids. Also, better predictability of the wind resource will give higher value to wind power in the grid and improve its economics further. Various financing schemes have been set up throughout Europe. Financial support and incentives are vital for some more years to come to expand current markets and improve economics through economy of scale. The utilisation of wind turbines in off-grid situations is an important new field for technological innovations and deployment. (author)

Analysis of central and upwind compact schemes

International Nuclear Information System (INIS)

Sengupta, T.K.; Ganeriwal, G.; De, S.

2003-01-01

Central and upwind compact schemes for spatial discretization have been analyzed with respect to accuracy in spectral space, numerical stability and dispersion relation preservation. A von Neumann matrix spectral analysis is developed here to analyze spatial discretization schemes for any explicit and implicit schemes to investigate the full domain simultaneously. This allows one to evaluate various boundary closures and their effects on the domain interior. The same method can be used for stability analysis performed for the semi-discrete initial boundary value problems (IBVP). This analysis tells one about the stability for every resolved length scale. Some well-known compact schemes that were found to be G-K-S and time stable are shown here to be unstable for selective length scales by this analysis. This is attributed to boundary closure and we suggest special boundary treatment to remove this shortcoming. To demonstrate the asymptotic stability of the resultant schemes, numerical solution of the wave equation is compared with analytical solution. Furthermore, some of these schemes are used to solve two-dimensional Navier-Stokes equation and a computational acoustic problem to check their ability to solve problems for long time. It is found that those schemes, that were found unstable for the wave equation, are unsuitable for solving incompressible Navier-Stokes equation. In contrast, the proposed compact schemes with improved boundary closure and an explicit higher-order upwind scheme produced correct results. The numerical solution for the acoustic problem is compared with the exact solution and the quality of the match shows that the used compact scheme has the requisite DRP property

Mechanisms for efficient investments and optimal zones in regional power market

Directory of Open Access Journals (Sweden)

Andročec Ivan

2014-01-01

Full Text Available The paper is result of research different cross-border electricity trading mechanisms impact. Focus is on investments in generation and transmission power system facilities in regional market. Assumptions include efficient market coupling mechanism (with more bidding zones, use of additional investment indicators (like social welfare and congestion cost and security of supply issues (capacity mechanisms. There is discussion on cost benefits analysis for particular market participants and there is possibility of risk reduction for regional power system expansion. It is shown current state-of-the-art, problems and trends in solving some aspects of market integration and investment issues. In some cases smaller and well defined bidding areas are absolutely essential in order to ensure system security and economic efficiency. There is no single criterion for power system expansion but it is possible to use combination of incentive schemes and possible through one index for cross-border trade. Risk management for cross-border electricity trading through several areas needs to be upgraded with use of financial transmission rights like weighted average area prices, respectively. Regional power system security is closely associated with timely investments in energy supply in line with economic development and environmental needs. Security of supply indicator is deriving an estimation of security of supply improvement from the market based simulation results when a generation or transmission investment project is implemented. All researched makes market integration and investments in Europe more efficient and gives more correct signals to market participants in regional market.

The trading game : emissions trading schemes offer pollution as a market commodity

Energy Technology Data Exchange (ETDEWEB)

Bradbury, D.

2005-07-01

This paper discussed the market mechanisms for emissions trading. The concept emerged in signatory countries to the Kyoto Protocol in response to their commitment to reduce greenhouse gas (GHG) emissions. Emissions trading systems allow large polluters to buy and sell pollution credits in order to meet emission reduction targets. While member states in the European Union (EU) started trading in February 2005, Canada is still developing its own proposal that will be introduced in 2008 to correspond with the first phase of the Kyoto Protocol. In contrast to the European model that places absolute limits on GHG emissions, the Canadian system is intensity-based. Heavy polluters, known as large final emitters, will have to cut emissions of the 6 GHGs covered under the Kyoto Protocol as a percentage of their total industrial output. Companies that reduce their emissions more than their defined targets can trade the surplus as credits on the open domestic market. It was argued that this allows businesses to meet their own emissions targets while failing to contribute effectively to Canada's overall Kyoto target. In addition, in order to lessen the burden to industry, Canada has imposed a $15 cap on the price of credits, which is in contrast to the European system. It was argued that businesses in Europe will be more motivated to meet their targets because of the higher value on European pollution credits. With less onus on business in Canada to reduce absolute targets, the burden of reducing GHG emissions has shifted to federal taxpayers. The paper addressed some of the factors that led to Canada's decision to use an intensity-based system. One main factor was the refusal of the United States to ratify the Kyoto Protocol and the cost disadvantage this would create for Canadian firms. However, some argue that by paying more attention to energy use, companies can reduce emissions and increase shareholder value by achieving cost savings that are greater than the

Market review - Market values summary/August market review/current market data

International Nuclear Information System (INIS)

Anon.

1995-01-01

This article is the August 1995 uranium market review. During this reporting period, there were three transactions in the long-term concentrates sector, no transactions in the UF6 market, and limited activity in the spot conversion market and the enrichment services market. Active supply rose, as did active demand. Prices were stable to slightly increasing

A Novel Iris Segmentation Scheme

Directory of Open Access Journals (Sweden)

Chen-Chung Liu

2014-01-01

Full Text Available One of the key steps in the iris recognition system is the accurate iris segmentation from its surrounding noises including pupil, sclera, eyelashes, and eyebrows of a captured eye-image. This paper presents a novel iris segmentation scheme which utilizes the orientation matching transform to outline the outer and inner iris boundaries initially. It then employs Delogne-Kåsa circle fitting (instead of the traditional Hough transform to further eliminate the outlier points to extract a more precise iris area from an eye-image. In the extracted iris region, the proposed scheme further utilizes the differences in the intensity and positional characteristics of the iris, eyelid, and eyelashes to detect and delete these noises. The scheme is then applied on iris image database, UBIRIS.v1. The experimental results show that the presented scheme provides a more effective and efficient iris segmentation than other conventional methods.

Analysis of Program Obfuscation Schemes with Variable Encoding Technique

Science.gov (United States)

Fukushima, Kazuhide; Kiyomoto, Shinsaku; Tanaka, Toshiaki; Sakurai, Kouichi

Program analysis techniques have improved steadily over the past several decades, and software obfuscation schemes have come to be used in many commercial programs. A software obfuscation scheme transforms an original program or a binary file into an obfuscated program that is more complicated and difficult to analyze, while preserving its functionality. However, the security of obfuscation schemes has not been properly evaluated. In this paper, we analyze obfuscation schemes in order to clarify the advantages of our scheme, the XOR-encoding scheme. First, we more clearly define five types of attack models that we defined previously, and define quantitative resistance to these attacks. Then, we compare the security, functionality and efficiency of three obfuscation schemes with encoding variables: (1) Sato et al.'s scheme with linear transformation, (2) our previous scheme with affine transformation, and (3) the XOR-encoding scheme. We show that the XOR-encoding scheme is superior with regard to the following two points: (1) the XOR-encoding scheme is more secure against a data-dependency attack and a brute force attack than our previous scheme, and is as secure against an information-collecting attack and an inverse transformation attack as our previous scheme, (2) the XOR-encoding scheme does not restrict the calculable ranges of programs and the loss of efficiency is less than in our previous scheme.

Efficient multiparty quantum-secret-sharing schemes

International Nuclear Information System (INIS)

Xiao Li; Deng Fuguo; Long Guilu; Pan Jianwei

2004-01-01

In this work, we generalize the quantum-secret-sharing scheme of Hillery, Buzek, and Berthiaume [Phys. Rev. A 59, 1829 (1999)] into arbitrary multiparties. Explicit expressions for the shared secret bit is given. It is shown that in the Hillery-Buzek-Berthiaume quantum-secret-sharing scheme the secret information is shared in the parity of binary strings formed by the measured outcomes of the participants. In addition, we have increased the efficiency of the quantum-secret-sharing scheme by generalizing two techniques from quantum key distribution. The favored-measuring-basis quantum-secret-sharing scheme is developed from the Lo-Chau-Ardehali technique [H. K. Lo, H. F. Chau, and M. Ardehali, e-print quant-ph/0011056] where all the participants choose their measuring-basis asymmetrically, and the measuring-basis-encrypted quantum-secret-sharing scheme is developed from the Hwang-Koh-Han technique [W. Y. Hwang, I. G. Koh, and Y. D. Han, Phys. Lett. A 244, 489 (1998)] where all participants choose their measuring basis according to a control key. Both schemes are asymptotically 100% in efficiency, hence nearly all the Greenberger-Horne-Zeilinger states in a quantum-secret-sharing process are used to generate shared secret information

New bidding strategy formulation for day-ahead energy and reserve markets based on evolutionary programming

International Nuclear Information System (INIS)

Attaviriyanupap, Pathom; Kita, Hiroyuki; Tanaka, Eiichi; Hasegawa, Jun

2005-01-01

In this paper, a new bidding strategy for a day-ahead market is formulated. The proposed algorithm is developed from the viewpoint of a generation company wishing to maximize a profit as a participant in the deregulated power and reserve markets. Separate power and reserve markets are considered, both are operated by clearing price auction system. The optimal bidding parameters for both markets are determined by solving an optimization problem that takes unit commitment constraints such as generating limits and unit minimum up/down time constraints into account. This is a non-convex and non-differentiable which is difficult to solve by traditional optimization techniques. In this paper, evolutionary programming is used to solve the problem. The algorithm is applied to both single-sided and double-sided auctions, numerical simulations are carried out to demonstrate the performance of the proposed scheme compared with those obtained from a sequential quadratic programming. (author)

Gamma spectrometry; level schemes

International Nuclear Information System (INIS)

Blachot, J.; Bocquet, J.P.; Monnand, E.; Schussler, F.

1977-01-01

The research presented dealt with: a new beta emitter, isomer of 131 Sn; the 136 I levels fed through the radioactive decay of 136 Te (20.9s); the A=145 chain (β decay of Ba, La and Ce, and level schemes for 145 La, 145 Ce, 145 Pr); the A=47 chain (La and Ce, β decay, and the level schemes of 147 Ce and 147 Pr) [fr

Defining the relevant market in the sharing economy

Directory of Open Access Journals (Sweden)

Francesco Russo

2016-06-01

Full Text Available Since the establishment of commercial sharing economy services like Uber, Blablacar, Lyft, Airbnb, TaskRabbit, etc., the debate about the sharing economy and its effects on competition has generated lively discussions, which have too often dangerously departed from a debate based on objective (market observation to evolve into a quarrel among the supporters and opponents of the online platforms. Undoubtedly, the peculiar features of these new firms’ business models create frictions with the traditional regulatory environment, which currently appears to be incapable of framing them into models and schemes typical of a previous economic phase, such as, for example, one-sided markets, no externalities, and competition mainly on price. Nevertheless, setting aside the more or less impromptu debate about the “social goodness” of these firms, we argue that competition enforcers should look at their effective market power. In fact, as the basic principles of competition law teach us, only when those firms have (more or less legitimate significant market power, will they be subject to special responsibilities and to stringent restrictions and obligations. Toward this aim, it is first necessary to define the relevant market. And, immediately afterwards, to delimit firms’ market position. This, in turn, should help to assess their compliance with the competition rules and the obligations that they are – or rather that they should be – subjected to. This exercise is not an easy one because the traditional regulatory concepts and definitions do not seem to reflect the competition dynamics that characterise the new markets on which we are reflecting. In this paper we focus on a number of challenges that are posed by the sharing economy businesses, suggesting that they could be solved with the traditional competition instruments, although adapted to the peculiar features of the markets that are at stake. These include, among others, multi

Asynchronous Channel-Hopping Scheme under Jamming Attacks

Directory of Open Access Journals (Sweden)

Yongchul Kim

2018-01-01

Full Text Available Cognitive radio networks (CRNs are considered an attractive technology to mitigate inefficiency in the usage of licensed spectrum. CRNs allow the secondary users (SUs to access the unused licensed spectrum and use a blind rendezvous process to establish communication links between SUs. In particular, quorum-based channel-hopping (CH schemes have been studied recently to provide guaranteed blind rendezvous in decentralized CRNs without using global time synchronization. However, these schemes remain vulnerable to jamming attacks. In this paper, we first analyze the limitations of quorum-based rendezvous schemes called asynchronous channel hopping (ACH. Then, we introduce a novel sequence sensing jamming attack (SSJA model in which a sophisticated jammer can dramatically reduce the rendezvous success rates of ACH schemes. In addition, we propose a fast and robust asynchronous rendezvous scheme (FRARS that can significantly enhance robustness under jamming attacks. Our numerical results demonstrate that the performance of the proposed scheme vastly outperforms the ACH scheme when there are security concerns about a sequence sensing jammer.

Designing competitive electricity markets

International Nuclear Information System (INIS)

Chao, H.P.; Huntington, H.

1998-01-01

This volume of papers, originally presented at Stanford in March 1997 in a conference sponsored by the Electric Power Research Institute, examines several questions about the restructuring and deregulation of electricity markets. Its stated goal is to present guiding principles for evaluating proposals to restructure the US electric power industry. While a collection of essays is perhaps not the best place to lay out guiding principles, the volume does contain a great deal of learning about restructuring. The first essay is a reprint of Paul Joskow's excellent article in the ''Journal of Economic Perspectives''. An essay by William Hogan on the debate between zonal and locational pricing is next. Paul Kleindorfer lists the various governance schemes which other countries that have restructured have used to govern system operation, access to the market for power, and transmission ownership and pricing. One difficulty with the book, as well as the debate in the US, is that it fails to draw adequately upon the international experience. Shmuel Oren lays out the potential areas over which an ISO could have authority. The chapter by Stephen Rassenti and Vernon Smith that bilateral trading should never be allowed, implying that a mandatory pool should be established. A reduction in regulation may increase the incentives for technological innovation. Martin Baughman suggests a number of ways by which costs of transmitting and storing electricity may be reduced. Robert Wilson returns to the volume with a chapter on institutional design. To end the volume, Hung-Po Chao and Stephen Peck present an extension of their earlier work in the ''Journal of Regulatory Economics'' showing how markets for transmission rights would work in a transmission grid of three points

The market-incentive recycling system for waste packaging containers in Taiwan

International Nuclear Information System (INIS)

Bor Yunchang, Jeffrey; Chien, Y.-L.; Hsu, Esher

2004-01-01

This paper presents a new market-incentive (MI) system to recycle waste-packaging containers in Taiwan. Since most used packaging containers have no or insufficient market value, the government imposes a combined product charge and subsidy policy to provide enough economic incentive for recycling various kinds of packaging containers, such as iron, aluminum, paper, glass and plastic. Empirical results show that the new MI approach has stimulated and established the recycling market for waste-packaging containers. The new recycling system has provided 18,356 employment opportunities and generated NT$ 6.97 billion in real-production value and NT$ 3.18 billion in real GDP during the 1998 survey year. Cost-effectiveness analysis constitutes the theoretical foundation of the new scheme, whereas data used to compute empirical product charge are from two sources: marketing surveys of internal conventional costs of solid-waste collection, disposal and recycling in Taiwan, and benefit transfer of external environmental costs in the United States. The new recycling policy designed by the authors provides a reasonable solution for solid-waste management in a country with limited land resources such as Taiwan

Justification of the Trade Enterprises Development Strategy in the Process of Strategic Management of the Marketing Potential

Directory of Open Access Journals (Sweden)

Grosul Viktoriya A.

2013-11-01

Full Text Available The article justifies a necessity of strategic management of marketing potential of retail trade enterprises. The article develops a general structural and logic scheme of the process of strategic management of the marketing potential of a trade enterprise taking into account specific features of the trade industry. It establishes that the main key issue in the theory of strategic management is argumentation of selection of the basic strategy of development of a subject of economy. It justifies a scientific and methodical approach to selection of the basic strategy of development of a trade enterprise in the process of management of the marketing potential, main stages of which are: assessment of the level of loyalty of external marketing environment; identification of marketing stratagems; and selection of the enterprise development strategy. The article offers to use the model of marketing stratagem, the components of which are policy of management of the marketing potential, strategic market position of the enterprise and level of loyalty of external marketing environment. The article develops an interactive strategic cube of formation of the complex of marketing stratagems on the basis of use of which marketing stratagems for various trade networks of the Kharkiv region are identified and strategies of their further development are justified.

Deducing the multi-trader population driving a financial market

Science.gov (United States)

Gupta, Nachi; Hauser, Raphael; Johnson, Neil

2005-12-01

We have previously laid out a basic framework for predicting financial movements and pockets of predictability by tracking the distribution of a multi-trader population playing on an artificial financial market model. This work explores extensions to this basic framework. We allow for more intelligent agents with a richer strategy set, and we no longer constrain the distribution over these agents to a probability space. We then introduce a fusion scheme which accounts for multiple runs of randomly chosen sets of possible agent types. We also discuss a mechanism for bias removal on the estimates.

A fast resonance interference treatment scheme with subgroup method

International Nuclear Information System (INIS)

Cao, L.; He, Q.; Wu, H.; Zu, T.; Shen, W.

2015-01-01

A fast Resonance Interference Factor (RIF) scheme is proposed to treat the resonance interference effects between different resonance nuclides. This scheme utilizes the conventional subgroup method to evaluate the self-shielded cross sections of the dominant resonance nuclide in the heterogeneous system and the hyper-fine energy group method to represent the resonance interference effects in a simplified homogeneous model. In this paper, the newly implemented scheme is compared to the background iteration scheme, the Resonance Nuclide Group (RNG) scheme and the conventional RIF scheme. The numerical results show that the errors of the effective self-shielded cross sections are significantly reduced by the fast RIF scheme compared with the background iteration scheme and the RNG scheme. Besides, the fast RIF scheme consumes less computation time than the conventional RIF schemes. The speed-up ratio is ~4.5 for MOX pin cell problems. (author)

Arbitrated quantum signature scheme with message recovery

International Nuclear Information System (INIS)

Lee, Hwayean; Hong, Changho; Kim, Hyunsang; Lim, Jongin; Yang, Hyung Jin

2004-01-01

Two quantum signature schemes with message recovery relying on the availability of an arbitrator are proposed. One scheme uses a public board and the other does not. However both schemes provide confidentiality of the message and a higher efficiency in transmission

CANONICAL BACKWARD DIFFERENTIATION SCHEMES FOR ...

African Journals Online (AJOL)

This paper describes a new nonlinear backward differentiation schemes for the numerical solution of nonlinear initial value problems of first order ordinary differential equations. The schemes are based on rational interpolation obtained from canonical polynomials. They are A-stable. The test problems show that they give ...

The doping effect of Italian feed-in tariffs on the PV market

International Nuclear Information System (INIS)

Antonelli, Marco; Desideri, Umberto

2014-01-01

In less than six years, Italy has become one of the leading markets for PV power plants and one of the countries in the world with the largest number of installations and installed peak power. Such a quick and large growth is due to a series of feed-in tariff schemes that have been uncapped until 2012. As a matter of fact, any size or any number of PV power plants could be installed during a period of three years. Since the feed-in tariffs are not paid by national taxes but are charged on the electricity bills, Italian energy users are now due to pay each year a surcharge of 9 billion euros on their energy bills. This paper aims at discussing this development by highlighting the benefits but also some significant drawbacks that the application of uncontrolled feed-in tariffs has produced. - Highlights: • Italy has had a booming PV development due to uncapped FIT schemes for 4 years. • The RES development has disrupted the utilization of all programmable power plants. • The financial burden will exceed 7 billion euros for the next 20 years. • The market prices were driven by the incentives and not viceversa. • The installation was not based on available solar radiation

A simple angular transmit diversity scheme using a single RF frontend for PSK modulation schemes

DEFF Research Database (Denmark)

Alrabadi, Osama Nafeth Saleem; Papadias, Constantinos B.; Kalis, Antonis

2009-01-01

array (SPA) with a single transceiver, and an array area of 0.0625 square wavelengths. The scheme which requires no channel state information (CSI) at the transmitter, provides mainly a diversity gain to combat against multipath fading. The performance/capacity of the proposed diversity scheme...

Evaluating statistical cloud schemes

OpenAIRE

Grützun, Verena; Quaas, Johannes; Morcrette , Cyril J.; Ament, Felix

2015-01-01

Statistical cloud schemes with prognostic probability distribution functions have become more important in atmospheric modeling, especially since they are in principle scale adaptive and capture cloud physics in more detail. While in theory the schemes have a great potential, their accuracy is still questionable. High-resolution three-dimensional observational data of water vapor and cloud water, which could be used for testing them, are missing. We explore the potential of ground-based re...

Cross sectional study of young people's awareness of and involvement with tobacco marketing.

Science.gov (United States)

MacFadyen, L; Hastings, G; MacKintosh, A M

2001-03-03

To examine young people's awareness of and involvement with tobacco marketing and to determine the association, if any, between this and their smoking behaviour. Cross sectional, quantitative survey, part interview and part self completion, administered in respondents' homes. North east England. Stratified random sample of 629 young people aged 15 and 16 years who had "opted in" to research through a postal consent procedure. There was a high level of awareness of and involvement in tobacco marketing among the 15-16 year olds sampled in the study: around 95% were aware of advertising and all were aware of some method of point of sale marketing. Awareness of and involvement with tobacco marketing were both significantly associated with being a smoker: for example, 30% (55/185) of smokers had received free gifts through coupons in cigarette packs, compared with 11% (21/199) of non-smokers (Pawareness of coupon schemes, brand stretching, and tobacco marketing in general were all independently associated with current smoking status. Teenagers are aware of, and are participating in, many forms of tobacco marketing, and both awareness and participation are associated with current smoking status. This suggests that the current voluntary regulations designed to protect young people from smoking are not working, and that statutory regulations are required.

Information report submitted by the Commission for European Affairs on the reform of the emission allowances market. Nr 4569

International Nuclear Information System (INIS)

Leroy, Arnaud

2017-01-01

This parliamentary report first proposes a presentation of the European carbon emission allowances market or emission trading scheme (ETS) by recalling the context of its creation, and by describing its operation (a trading platform to reduce CO_2 emission in Europe), and commenting critics which are generally made about this market. Then, the authors present and comment proposals of reform with notably the creation of a reserve fund of stability, and a structural reform of the market. The authors then explain why and how the ETS reform must go beyond that if the European Union wants to meet commitments defined in the Paris agreement

LDPC-PPM Coding Scheme for Optical Communication

Science.gov (United States)

Barsoum, Maged; Moision, Bruce; Divsalar, Dariush; Fitz, Michael

2009-01-01

In a proposed coding-and-modulation/demodulation-and-decoding scheme for a free-space optical communication system, an error-correcting code of the low-density parity-check (LDPC) type would be concatenated with a modulation code that consists of a mapping of bits to pulse-position-modulation (PPM) symbols. Hence, the scheme is denoted LDPC-PPM. This scheme could be considered a competitor of a related prior scheme in which an outer convolutional error-correcting code is concatenated with an interleaving operation, a bit-accumulation operation, and a PPM inner code. Both the prior and present schemes can be characterized as serially concatenated pulse-position modulation (SCPPM) coding schemes. Figure 1 represents a free-space optical communication system based on either the present LDPC-PPM scheme or the prior SCPPM scheme. At the transmitting terminal, the original data (u) are processed by an encoder into blocks of bits (a), and the encoded data are mapped to PPM of an optical signal (c). For the purpose of design and analysis, the optical channel in which the PPM signal propagates is modeled as a Poisson point process. At the receiving terminal, the arriving optical signal (y) is demodulated to obtain an estimate (a^) of the coded data, which is then processed by a decoder to obtain an estimate (u^) of the original data.

Research needs on food marketing to children. Report of the StanMark project.

Science.gov (United States)

Lobstein, T

2013-03-01

A series of meetings on the topic of children's exposure to the marketing of food and beverages was held between researchers and government officials based in Europe and the Americas during 2010-2011. The meetings resulted in a number of outputs, including observations from policy-makers on the types of evidence they needed to strengthen policy-making. Their observations on the definitions of a child, the specification of foods using nutrient profiling schemes, the types of media carrying marketing messages, and the related policy implementation problems, are summarised in this Short Communication. The paper highlights the need for research which can directly support policy-making and which can evaluate its effectiveness. Copyright © 2012 Elsevier Ltd. All rights reserved.

"An Asymptotic Expansion Approach to Currency Options with a Market Model of Interest Rates under Stochastic Volatility Processes of Spot Exchange Rates"

OpenAIRE

Akihiko Takahashi; Kohta Takehara

2007-01-01

This paper proposes an asymptotic expansion scheme of currency options with a libor market model of interest rates and stochastic volatility models of spot exchange rates. In particular, we derive closed-form approximation formulas for the density functions of the underlying assets and for pricing currency options based on the third order asymptotic expansion scheme; we do not model a foreign exchange rate's variance such as in Heston[1993], but its volatility that follows a general time-inho...

Multidimensional flux-limited advection schemes

International Nuclear Information System (INIS)

Thuburn, J.

1996-01-01

A general method for building multidimensional shape preserving advection schemes using flux limiters is presented. The method works for advected passive scalars in either compressible or incompressible flow and on arbitrary grids. With a minor modification it can be applied to the equation for fluid density. Schemes using the simplest form of the flux limiter can cause distortion of the advected profile, particularly sideways spreading, depending on the orientation of the flow relative to the grid. This is partly because the simple limiter is too restrictive. However, some straightforward refinements lead to a shape-preserving scheme that gives satisfactory results, with negligible grid-flow angle-dependent distortion

Tightly Secure Signatures From Lossy Identification Schemes

OpenAIRE

Abdalla , Michel; Fouque , Pierre-Alain; Lyubashevsky , Vadim; Tibouchi , Mehdi

2015-01-01

International audience; In this paper, we present three digital signature schemes with tight security reductions in the random oracle model. Our first signature scheme is a particularly efficient version of the short exponent discrete log-based scheme of Girault et al. (J Cryptol 19(4):463–487, 2006). Our scheme has a tight reduction to the decisional short discrete logarithm problem, while still maintaining the non-tight reduction to the computational version of the problem upon which the or...