WorldWideScience

Sample records for potencia preliminary investment

  1. Diagrama de potencias

    OpenAIRE

    Martín Santos, Tomás

    2016-01-01

    Los Diagramas de Potencias (Power Diagrams) son una generalización de los Diagramas de Voronoi, que junto a la Envolvente Convexa son dos de las estructuras fundamentales dentro del ámbito de la Geometría Computacional. Para poder tener una noción correcta del Diagrama de Potencias, es necesario partir del Diagrama de Voronoi. Este tipo de estructuras geométricas están compuestas de regiones, tanto finitas como infinitas, que cubren todo el espacio en el que se estén calcula...

  2. 75 FR 11153 - Main Mill Street Investments, LLC; Notice of Preliminary Permit Application Accepted for Filing...

    Science.gov (United States)

    2010-03-10

    ... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Project No. 13631-000] Main Mill Street..., Motions To Intervene, and Competing Applications March 1, 2010. On November 16, Main Mill Street Investments, LLC (Main Mill Street Investments) filed an application for a preliminary permit, pursuant to...

  3. Investments

    CERN Document Server

    Bodie, Zvi; Marcus, Alan J.

    2017-01-01

    The integrated solutions for Bodie, Kane, and Marcus' Investments set the standard for graduate/MBA investments textbooks. The unifying theme is that security markets are nearly efficient, meaning that most securities are priced appropriately given their risk and return attributes. The content places greater emphasis on asset allocation and offers a much broader and deeper treatment of futures, options, and other derivative security markets than most investment texts. Connect is the only integrated learning system that empowers students by continuously adapting to deliver precisely what they need, when they need it, and how they need it, so that your class time is more engaging and effective.

  4. Investments

    CERN Document Server

    Bodie, Zvi

    2013-01-01

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

  5. European offshore wind power in 2015: record €13bn investment, 3 GW new capacity; La eólica marina europea en 2015: record de inversión 13.000 M€, 3 GW de nueva potencia

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2016-07-01

    Offshore wind investments in Europe doubled in 2015 to €13.3bn in a record year for financing and gridconnected installations. A total of 3,019 MW in new offshore wind capacity came online in European waters in 2015, more than double the capacity connected to the grid in 2014. Europe’s total offshore wind capacity now stands at 11,027 MW. A further 3,034 MW of capacity, spread across ten projects, reached final investment decision last year, a twofold increase on 2014. These are some of the main figures contained in “The European offshore wind industry - key trends and statistics 2015”, a report published by EWEA. (Author)

  6. Ultra-Deepwater Gulf of Mexico Oil and Gas: Energy Return on Financial Investment and a Preliminary Assessment of Energy Return on Energy Investment

    Directory of Open Access Journals (Sweden)

    Matthew Moerschbaecher

    2011-10-01

    Full Text Available The purpose of this paper is to calculate the energy return on financial investment (EROFI of oil and gas production in the ultra-deepwater Gulf of Mexico (GoM in 2009 and for the estimated oil reserves of the Macondo Prospect (Mississippi Canyon Block 252. We also calculated a preliminary Energy Return on Investment (EROI based on published energy intensity ratios including a sensitivity analysis using a range of energy intensity ratios (7 MJ/$, 12 MJ/$, and 18 MJ/$. The EROFI for ultra-deepwater oil and gas at the well-head, ranged from 0.019 to 0.022 barrels (BOE, or roughly 0.85 gallons, per dollar. Our estimates of EROI for 2009 ultra-deepwater oil and natural gas at the well-head ranged from 7–22:1. The independently-derived EROFI of the Macondo Prospect oil reserves ranged from 0.012 to 0.0071 barrels per dollar (i.e., $84 to $140 to produce a barrel and EROI ranged from 4–16:1, related to the energy intensity ratio used to quantify costs. We believe that the lower end of these EROI ranges (i.e., 4 to 7:1 is more accurate since these values were derived using energy intensities averaged across the entire domestic oil and gas industry. Time series of the financial and preliminary EROI estimates found in this study suggest that the extraction costs of ultra-deepwater energy reserves in the GoM come at increasing energetic and economic cost to society.

  7. Children: Oklahoma's Investment in Tomorrow '96. Preliminary Report: Agency Budget by Cabinet.

    Science.gov (United States)

    Oklahoma Commission on Children and Youth, Oklahoma City.

    This report presents preliminary Oklahoma state agency budget summaries for all programs serving children in the Departments of Administration, Agriculture, Commerce, Education, Energy, Health and Human Services, Human Resources, Safety and Security, Tourism and Recreation, and Veterans Affairs. The budget figures are organized by cabinet and…

  8. Factor de potencia en circuitos con formas de onda complejas

    OpenAIRE

    Banda Gamboa, Hugo A.

    1983-01-01

    Se presentan las definiciones y el análisis, en base a las Series de Fourier, de la potencia media, potencia aparente, factor de potencia y otros parámetros relacionados con los circuitos eléctricos. Se dan también algunas aplicaciones generales, con el objeto de aclarar los conceptos y aportar a la comprensión de la validez e importancia de dichos parámetros en la evaluación del comportamiento y eficiencia de los circuitos eléctricos.

  9. Coeficientes de potencia en molinos Savonius

    Directory of Open Access Journals (Sweden)

    Julio Mario Rodríguez Devis

    1985-09-01

    Full Text Available La mayoría de los trabajos en los Molinos de Viento tipo savonius se han realizado experimentalmente por la dificultad de encontrar una expresión teórica que relacione la máxima eficiencia con las características del modelo. Todos los trabajos tienden a encontrar una forma de los rotores que mejoren su eficiencia o coeficiente de potencia. Como consecuencia de la aparición de un artículo en la revista ETA (6 en la cual los autores obtienen un Cpmax = 0,42, se hace un resumen de los Cpmax encontrados internacionalmente, de las características de dichos rotores y algunas observaciones pertinentes.

  10. La potencia de los lugares emblemáticos

    Directory of Open Access Journals (Sweden)

    Michel Maffesoli

    2007-01-01

    comprender fenómenos como la socialidad en sus múltiples formas, la potencia de lo social, así como la generación de zonas sagradas, orgiásticas, así como observar los perfiles de la socialidad en nuestro mundo urbano posmoderno.

  11. Evaluating Proposed Investments in Power System Reliability and Resilience: Preliminary Results from Interviews with Public Utility Commission Staff

    Energy Technology Data Exchange (ETDEWEB)

    LaCommare, Kristina [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Larsen, Peter [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Eto, Joseph [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)

    2017-01-01

    Policymakers and regulatory agencies are expressing renewed interest in the reliability and resilience of the U.S. electric power system in large part due to growing recognition of the challenges posed by climate change, extreme weather events, and other emerging threats. Unfortunately, there has been little or no consolidated information in the public domain describing how public utility/service commission (PUC) staff evaluate the economics of proposed investments in the resilience of the power system. Having more consolidated information would give policymakers a better understanding of how different state regulatory entities across the U.S. make economic decisions pertaining to reliability/resiliency. To help address this, Lawrence Berkeley National Laboratory (LBNL) was tasked by the U.S. Department of Energy Office of Energy Policy and Systems Analysis (EPSA) to conduct an initial set of interviews with PUC staff to learn more about how proposed utility investments in reliability/resilience are being evaluated from an economics perspective. LBNL conducted structured interviews in late May-early June 2016 with staff from the following PUCs: Washington D.C. (DCPSC), Florida (FPSC), and California (CPUC).

  12. Preliminary guidelines for electricity distributor conservation and demand management activities : a guide for conservation and demand management investment

    International Nuclear Information System (INIS)

    2004-01-01

    In May 2004, electricity distributors in Ontario were asked to submit deferral accounts to the Ontario Energy Board to track expenditures on conservation and demand management initiatives. The deferral accounts must be established before the distributor could recover the costs through the next installment of the allowable return on equity in March 2004. The Board will determine the appropriateness of the actual expenditures. These guidelines offer short-term assistance to distributors in establishing conservation and demand management plans and initiatives. The following specific measures may be supported by the Board: energy efficiency; operational changes to smart control systems; load management measures which facilitate interruptible and dispatchable loads, dual fuel applications, thermal storage and demand response; fuel switching measures; programs targeted to low income and hard to reach consumers; and, distributed energy options such as tri-generation, cogeneration, ground source heat pumps, wind and biomass systems. These guidelines described the regulatory treatment of conservation and demand management investments along with cost effectiveness, allocation of costs, monitoring, evaluation, and implementation. 1 appendix

  13. Parte de la Naturaleza: sobre el cuerpo como potencia compositiva

    Directory of Open Access Journals (Sweden)

    Juliana Merçon

    2012-11-01

    Full Text Available http://dx.doi.org/10.5007/2175-795X.2012v30n2p473 En medio de la constelación de mitos que han contribuido a la actual crisis socioecológica,se encuentra la creencia de que somos individuos sustanciales, atomizadoso separados del entorno al cual intentamos ‘dominar’. La ignorancia con respecto anuestra interdependencia ontológica está en la base de muchas de nuestras posturas(auto destructivas y ha sido reforzada por diversos sistemas teóricos a lo largo de lahistoria occidental. Al margen de dualismos platónicos, de transcendencias judaicocristianasy del cogito cartesiano, la filosofía de Benedictus de Spinoza (1632-1677nos invita a repensar los fundamentos de la realidad compleja en la cual estamosinmersos. Mi propósito en este artículo es tejer relaciones productivas entre algunasdimensiones de su filosofía, el pensamiento ambiental y la educación. El punto departida será la concepción spinozista de cuerpo. Este será definido como potencia quese expresa a la vez como productividad (fuerza causal y sensibilidad (fuerza receptiva.El carácter esencialmente relacional y afectivo del cuerpo humano nos permitirápensarlo también como potencia compositiva. Desconstruyendo la dicotomíaentre Naturaleza y Cultura, propondré que reflexionemos sobre las composicioneshumano-tecnológicas con respecto a sus efectos sobre nuestra potencia de pensar yactuar. En conclusión, presentaré algunos comentarios sobre el rol de la educacióncomo espacio relacional, en el cual se pueden integrar de forma potenciadora lasdimensiones epistémica, ética, política y ambiental de nuestra existencia como partesinterdependientes de la Naturaleza.

  14. Amplificador de Potencia de Alto Rendimiento para Transmisores EER

    OpenAIRE

    Ortega González, Francisco Javier; Gimeno Martín, Alejandro; Pardo Martin, José Manuel; Benavente Peces, César

    2008-01-01

    Se presenta un amplificador de potencia de alto rendimiento específicamente diseñado para aplicaciones EER (Envelope Elimination Restoration) en transmisores de HF. El amplificador se compone de dos subsistemas: Un amplificador clase-E de banda ancha para HF (B = 40%, POUT = 50W @ 7.5 MHz, ηOV > 90%) excitado por un driver también de banda ancha que amplifica la componente de fase de la señal y un amplificador de envolvente derivado de un amplificador clase-D de audio (o clase-S) que presenta...

  15. Diseño de un aerogenerador de baja potencia

    OpenAIRE

    Hernández Agriarte, Javier

    2005-01-01

    El objetivo del proyecto es diseñar un aerogenerador de baja potencia, que cubra las necesidades energéticas de una vivienda aislada de la red la cual se encuentra situada en Portbou. Para ello se realiza un estudio energético en el cual se define el tamaño del aerogenerador. Al ser una aplicación doméstica, sin gran demanda de energía se diseña un aerogenerador de 2,5 m de diámetro de palas. La principal característica del aerogenerador objeto de estudio es el alternador de im...

  16. Los cuerpos del deseo: potencias y acciones colectivas

    Directory of Open Access Journals (Sweden)

    Ana María Fernández

    2013-10-01

    Full Text Available Se genealogiza aquí el binarismo alma/cuerpo y se transversaliza la problemática, abriendo la dimensión social, histórica y política de la producción de los cuerpos, y se elucidan las dimensiones deseantes de las corporalidades al valorar la noción de deseo como potencia. Su aporte es la metodología de problematización recursiva, específica para un campo de problemas de la subjetividad. Finalmente, se afirma que la elucidación, genealogización y deconstrucción de la invisibilización de las corporalidades crea condiciones de posibilidad para realizar la experiencia de pensar lo impensado.

  17. Investment Avenues

    Science.gov (United States)

    Jain, Priyanka

    2012-11-01

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

  18. COMPENSACIÓN DE LA POTENCIA REACTIVA EN LA EMPRESA CLORO SOSA DE SAGÜA

    Directory of Open Access Journals (Sweden)

    Ignacio Pérez Abril

    2011-03-01

    Full Text Available El presente trabajo trata la determinación de las variantes de compensación del factor de potencia en la industriaquímica Cloro Sosa de Sagua. Para resolver este problema se emplea la simulación del modelo del sistema paraobtener el comportamiento del sistema de potencia y determinar los beneficios de cada variante. Para este trabajo,se han desarrollado dos programas en Matlab 5.3 para implementar el Flujo de Potencia de Armónicos y el Barridode Frecuencia.  The presented paper deals with the determination of the power factor compensation variants in the chemicalindustry Cloro Sosa of Sagua. To solve the presented problem the simulation of the system model is developed toobtain the power system performance and determine the benefices of each variant. For this work, two Matlab 5.3programs have been developed to implement de Harmonic Power Flow and the Frequency Scan procedures.

  19. Fideísmo y racionalismo en las tres potencias del alma

    Directory of Open Access Journals (Sweden)

    José Andrés Calvo Rodríguez

    2004-12-01

    Full Text Available Dentro de la gnoseología luliana, las tres potencias del alma racional (Voluntad, Memoria y Entendimiento adquieren una especial importancia por ser los instrumentos del alma que permiten el acceso y el conocimiento del amor divino. A este respecto escribe Cruz Hernández: «Las potencias del alma, además, tanto por su naturaleza como por su actividad, reflejan las virtudes divinas; y, de un modo eminente, la Trinidad personal».1 De esta manera, no hay mejor espejo de Dios en el hombre que el alma, donde reside la presencia divina. Por esto, el Libro de amigo y Amado, considerando la reiterativa presencia de las tres potencias del alma que presenta, simplemente propone un viaje errático por el interior del alma humana en busca de Dios y, en definitiva, en busca del propio yo del místico.

  20. Federal Investment

    Science.gov (United States)

    Campbell, Sheila; Tawil, Natalie

    2013-01-01

    The federal government pays for a wide range of goods and services that are expected to be useful some years in the future. Those purchases, called investment, fall into three categories: physical capital, research and development (R&D), and education and training. There are several economic rationales for federal investment. It can provide…

  1. Application of the optimum reactive power dispatch to the cost establishment for the support voltage in a power electrical system for generalized dispatch; Aplicacion del despacho optimo de potencia reactiva al establecimiento del costo por el soporte de voltaje en un sistema electrico de potencia con despacho centralizado

    Energy Technology Data Exchange (ETDEWEB)

    Barragan Gomez, Sergio Baruch

    2004-05-15

    for voltage support of each generator is formed by a fixed and a variable cost. The fixed cost is calculated from the annual recovery factor of the capital invested in the generator. The variable cost depends on the operation conditions and on the cost for loss of opportunity of the generator. To determine the total cost for the voltage support of generators, it is considered that the market of active power has already been solved previously through an economic dispatch of active power. The systems used for the evaluation of the developed program are: a 5 nodes system and the IEEE 30 nodes system. [Spanish] Los cambios en las estructuras de los sistemas electricos de esquemas verticales a esquemas horizontales ha provocado que los sistemas esten formados por cuatro segmentos: generacion, transmision, distribucion y comercializacion. Bajo este esquema el operador del sistema es el encargado de administrar y operar de manera economica y segura al sistema. Una de las tareas principales de esta organizacion junto con la red de transmision es la de realizar el movimiento de potencia desde los centros de generacion hasta los puntos de consumo, no obstante para poder llevar a cabo esta actividad se necesita un conjunto de servicios auxiliares. En un esquema horizontal, el soporte de voltaje por parte de los generadores es considerado como un servicio auxiliar, el cual es necesario para la operacion del sistema. Si bien la compensacion de potencia reactiva en un sistema electrico se debe realizar de manera local a traves de compensacion en derivacion, compensadores estaticos, condensadores sincronos y transformadores con cambiador en derivacion bajo carga, debido a que el transmitir flujos de potencia reactiva desde los generadores provoca un incremento en las perdidas del sistema de transmision; sin embargo aunque la funcion principal de los generadores sincronos es la produccion de potencia activa, de manera implicita estos generan potencia reactiva bajo ciertas condiciones

  2. Oscilaciones acústicas y el espectro de potencias

    Directory of Open Access Journals (Sweden)

    L. Castañeda

    2007-01-01

    Full Text Available En el paradigma actual de la cosmología, el modelo que goza de mayor aceptación, dadas las pruebas observacionales, es conocido co- mo ΛCDM (Cosmic Microwave Background. Este modelo está dominado principalmente por dos constituyentes de los cuales la física sabe muy poco de ellos. La energía oscura, con un 70 %, es la principal componente y la causante de la expansión acelerada del Universo, mientras que la materia oscura, con un 25 % aproximadamente, es la componente principal de las estructuras auto-gravitantes. En mucho menos proporción se tiene la com- ponente bariónica, la principal constituyente de las estrellas y por ende de la parte luminosa de las galaxias. Otras especies con menor proporción son las constituyentes relativistas entre las cuales se tienen los neutrinos y fotones. Después del periodo de expansión acelerada del universo, de- nominado periodo inflacionario, debido a las altas temperaturas el plasma primordial constituído de especies relativistas fué el componente dominante en el Universo. En dicho plasma, la materia bariónica se encuentra ionizada y se acopla a la radiación via dispersión de Compton. Tal plasma caliente desarrolla inestabilidades manifiestas en ondas de sonido y rarefacciones. Estas perturbaciones son soportadas hasta cuando el Universo en su ex- pansión se ha enfriado lo suficiente para formar materia neutra. Después de esta recombinación, la radiación se desacopla formando el mar de fotones de CMB. Junto con perturbaciones métricas colocadas por inflación en el potencial de la materia oscura, las oscilaciones del plasma quedaron im- presas tanto en la temperatura de CMB como en el espectro de potencias de materia. Aquí se muestra como el Weak Lensing puede ser usado para estudiar estas oscilaciones.

  3. Efecto del diseño de revestimientos sobre el consumo de potencia en molienda

    Directory of Open Access Journals (Sweden)

    Valderrama, M.

    1996-08-01

    Full Text Available Power mill draw was measured in a 290 x 110 mm laboratory batch mill, loaded with balls, cylinders or metal grains. Angle between front face of the lifter and its base-surface are the key parameter to control power consumption. A 45° lifter front angle and about 85 % rotational speed lead to the maximum power draw. As the mill is provided with higher lifter front angles, a decrease in power occurs, and the maximum with respect to the mill velocity is shifted to lower values. For lifter front angle lower than 45°, power consumption at low mill rotational speed is reduced, and the maximum is often moved beyond the critical speed value, which indicates slip of the load. Lifter height has a variable effect upon power draw, depending on the front angle and its relative size compared to the grinding bodies. Generally, an increase in height reduces the maximum power draw, and it is obtained at a lower rotational speed. Low-angle lifters are less sensible to the height. Number of lifter did not show any effect on power draw.

    Se midió el consumo de potencia en un molino discontinuo de laboratorio de 290 x 110 mm cargado con bolas, cilindros o granallas de tamaño uniforme. El ángulo formado por la cara frontal de un levantador y la superficie base de la pieza son el parámetro clave para controlar el consumo de potencia. Los mayores valores se obtienen utilizando levantadores con ángulos de 45° y velocidad de rotación del molino de aproximadamente 85 % de la velocidad crítica. Cuando el molino es equipado con levantadores de alto ángulo de ataque, el consumo de potencia decrece y la velocidad de máxima potencia se desplaza a valores más bajos. Para levantadores con ángulos menores de 45°, el consumo de potencia a bajas velocidades se reduce, incrementándose el máximo más allá de la velocidad crítica en muchos casos, lo que indica resbalamiento de la carga. La altura del levantador tiene un efecto variable sobre la potencia

  4. Financing Investment

    DEFF Research Database (Denmark)

    Hirth, Stefan; Flor, Christian Riis

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

  5. Estado del arte del análisis de gases disueltos en transformadores de potencia

    Directory of Open Access Journals (Sweden)

    Johana Tatiana Sarria-Arias

    2014-01-01

    Full Text Available Presenta el estado del arte de las técnicas Dornenburg, Gases Claves, Rogers y Duval, las más empleadas para evaluar la condición del aislamiento de los transformadores de potencia; técnicas basadas en el análisis de gases disueltos en el aceite (DGA e interpretación de resultados.

  6. Studies on the power systems stability; Estudios de estabilidad en sistemas de potencia

    Energy Technology Data Exchange (ETDEWEB)

    Inda Ruiz, Adrian; Calderon Guizar, Jorge Guillermo; Friaga Vargas, Jose Raul [Instituto de Investigaciones Electricas, Cuernavaca (Mexico)

    1987-12-31

    One of the everyday problems that the electric power systems (EPS), is related to the dynamic response of these in face of the occurrence of disturbs. The computer tool needed to perform studies of this kind in the current EPS, requires the efficient conjunction of advanced modeling, simulation and programming techniques to make its use practical and useful. In this article are presented the advances achieved by the Power Nets Analysis Department in the development of a digital package for the stability analysis of the electric power systems [Espanol] Uno de los problemas cotidianos que el ingeniero de potencia debe enfrentar tanto en la fase de planeacion como en la de operacion de los sistemas electricos de potencia (SEP) es el relacionado con la respuesta dinamica de estos ante la ocurrencia de disturbios. La herramienta computacional necesaria para realizar estudios de esta naturaleza en los actuales SEP requiere de la conjugacion eficiente de tecnicas avanzadas de modelacion, simulacion y programacion para hacer su empleo practico y util. En este articulo se presentan los avances logrados por el Departamento de Analisis de Redes en el desarrollo de un paquete digital para el analisis de estabilidad en los sistemas electricos de potencia.

  7. Studies on the power systems stability; Estudios de estabilidad en sistemas de potencia

    Energy Technology Data Exchange (ETDEWEB)

    Inda Ruiz, Adrian; Calderon Guizar, Jorge Guillermo; Friaga Vargas, Jose Raul [Instituto de Investigaciones Electricas, Cuernavaca (Mexico)

    1986-12-31

    One of the everyday problems that the electric power systems (EPS), is related to the dynamic response of these in face of the occurrence of disturbs. The computer tool needed to perform studies of this kind in the current EPS, requires the efficient conjunction of advanced modeling, simulation and programming techniques to make its use practical and useful. In this article are presented the advances achieved by the Power Nets Analysis Department in the development of a digital package for the stability analysis of the electric power systems [Espanol] Uno de los problemas cotidianos que el ingeniero de potencia debe enfrentar tanto en la fase de planeacion como en la de operacion de los sistemas electricos de potencia (SEP) es el relacionado con la respuesta dinamica de estos ante la ocurrencia de disturbios. La herramienta computacional necesaria para realizar estudios de esta naturaleza en los actuales SEP requiere de la conjugacion eficiente de tecnicas avanzadas de modelacion, simulacion y programacion para hacer su empleo practico y util. En este articulo se presentan los avances logrados por el Departamento de Analisis de Redes en el desarrollo de un paquete digital para el analisis de estabilidad en los sistemas electricos de potencia.

  8. Maduración biológica, fuerza y potencia muscular en la brazada de crol

    Directory of Open Access Journals (Sweden)

    Richard R. Casanova Machek

    2017-06-01

    Full Text Available Se trata de una investigación de campo, de tipo correlacional que buscó determinar la relación entre la maduración biológica y la potencia muscular de los miembros superiores en nadadores de categorías menores. Se evaluaron 23 niños(as edades comprendidas entre los 10 y los 13 años. La muestra se caracterizó a través de mediciones antropométricas: estatura, masa corporal, envergadura, composición corporal y superficie corporal, maduración sexual (Tanner, 1975. Se aplicó Test de Wingate (laboratorio y piscina según Dotan y Bar-Or (1983 y Morouco (2009 para miembros superiores para estimar potencia máxima, potencia relativa, potencia promedio, índice de fatiga. Los datos se presentan en medidas de tendencia central y dispersión; se calcularon las diferencias de un factor y se estimaron las correlaciones con la técnica Pearson y Spearman. Los resultados indican que el entrenamiento fuera del agua influyó en el rendimiento dentro del agua. El tamaño de las dimensiones corporales y el número de horas de entrenamiento tiene incidencia sobre la potencia producida por los nadadores, con diferencias notables a partir de los 10 años. Las dimensiones corporales y la mayor frecuencia de entrenamiento semanal generan valores altos de potencia muscular. Se recomienda realizar evaluaciones periódicas de fuerza y potencia, crear y mantener actualizado el perfil antropométrico, aplicar cuestionario de autoevaluación de caracteres de maduración sexual y ajustar los periodos de duración de las horas de entrenamiento, en tanto se incrementen las edades.

  9. Power factor correction at the Miguel Hidalgo refinery; Correccion del factor de potencia en la refineria Miguel Hidalgo

    Energy Technology Data Exchange (ETDEWEB)

    Dominguez Gonzalez, Gustavo [Petroleos Mexicanos, Refineria Miguel Hidalgo, Tula de Allende (Mexico)

    1993-12-31

    In this paper the theoretical fundament and formulae of the power factor are analyzed and a relationship among kilowatts, kilovars and power factor, is shown; also it deals with power factor in combination with load groups, as well as the numerical calculation of the required kvar for the desired improvement of the power factor. Additionally the technical and economical aspects of the capacitors and synchronous motors are contemplated, as well as their location in the electric system in order to achieve the maximum benefits. Finally, the savings obtained with the installation of capacitors in the electric power system of the Miguel Hidalgo refinery, are explained. [Espanol] En el presente trabajo se analizan los fundamentos teoricos y formulas del factor de potencia y se muestra la relacion entre kilowatts, kilovars y factor de potencia; tambien trata al factor de potencia combinado de grupos de cargas, asi como el calculo numerico de los KVAR necesarios para la mejora deseada del factor de potencia. Ademas se contemplan aspectos tecnicos y economicos de los capacitores y los motores sincronos, asi como la ubicacion de los mismos en el sistema electrico para lograr los maximos beneficios. Finalmente se explican las ganancias economicas que se obtuvieron al instalarse capacitores en el sistema electrico de potencia de la refineria Miguel Hidalgo.

  10. Power factor correction at the Miguel Hidalgo refinery; Correccion del factor de potencia en la refineria Miguel Hidalgo

    Energy Technology Data Exchange (ETDEWEB)

    Dominguez Gonzalez, Gustavo [Petroleos Mexicanos, Refineria Miguel Hidalgo, Tula de Allende (Mexico)

    1992-12-31

    In this paper the theoretical fundament and formulae of the power factor are analyzed and a relationship among kilowatts, kilovars and power factor, is shown; also it deals with power factor in combination with load groups, as well as the numerical calculation of the required kvar for the desired improvement of the power factor. Additionally the technical and economical aspects of the capacitors and synchronous motors are contemplated, as well as their location in the electric system in order to achieve the maximum benefits. Finally, the savings obtained with the installation of capacitors in the electric power system of the Miguel Hidalgo refinery, are explained. [Espanol] En el presente trabajo se analizan los fundamentos teoricos y formulas del factor de potencia y se muestra la relacion entre kilowatts, kilovars y factor de potencia; tambien trata al factor de potencia combinado de grupos de cargas, asi como el calculo numerico de los KVAR necesarios para la mejora deseada del factor de potencia. Ademas se contemplan aspectos tecnicos y economicos de los capacitores y los motores sincronos, asi como la ubicacion de los mismos en el sistema electrico para lograr los maximos beneficios. Finalmente se explican las ganancias economicas que se obtuvieron al instalarse capacitores en el sistema electrico de potencia de la refineria Miguel Hidalgo.

  11. La verdad de la prostitución en la obra de arte: las potencias pulsionales del afuera.

    Directory of Open Access Journals (Sweden)

    María Cecilia Salas.

    1999-06-01

    Full Text Available La posmodernidad no se entiende aquí en sentido cronológico sino como un carácter y un modo propio de lo humano, una manera de presentación de la potencias del afuera al margen de las formas racionales de representación propias de la modernidad. Dichas potencias destituyen al sujeto de la representación y acontecen desde su propio ser; estas potencias pueden ser pensadas como la alteridad: como lo verdaderamente otro que ES –en sí mismo- inagotable como posibilidad pura desde donde existe todo cuanto existe; la alteridad en tanto ser que no se agota ni en los enunciados ni en las realizaciones. Alteridad llamada femenidad cantada por poetas malditos como Baudelaire, sugerida en el inagotable ser de la imagen en la obra de arte, alteridad residual de la sensación pura.

  12. Online monitoring and diagnosis of power transformers; Monitoreo y diagnostico en linea de transformadores de potencia

    Energy Technology Data Exchange (ETDEWEB)

    Linan, Roberto; Alvarez, Rafael; Jimenez, Leon; Nunez, Arturo [Instituto de Investigaciones Electricas, Cuernavaca (Mexico); Contreras, Francisco A. [Comision Federal de Electricidad, Mexico, D. F. (Mexico)

    1997-12-31

    In this article are presented three diagnosis techniques for power transformers. The first one consists in a non-invasive technique for detecting mechanical failure in taps with load in power transformers utilizing vibration sensors. The second one consists in an online diagnosis to detect the presence of arcing and partial discharges in the power transformer based in the recording and analysis of the signals using ultrasonic sensors that detect the noise that these phenomena emit from the outside of the transformer tank. The third technique consists in analyzing the dissolved gases in the transformer insulating oil, with it and in accordance with the levels and the existing relationships, it is possible to determine the involved deteriorating process. The results of the application of the three mentioned diagnosis techniques, which were used for the evaluation of some transformers in different Comision Federal de Electricidad (CFE) substations, are presented. [Espanol] En el presente articulo se reportan tres tecnicas de diagnostico para transformadores de potencia. La primera consiste en una tecnica no invasiva para detectar fallas mecanicas en cambiadores de derivacion con carga de transformadores de potencia utilizando sensores de vibracion. La segunda consiste en un diagnostico en linea para detectar la presencia de arqueos y descargas parciales en el transformador de potencia basada en el registro y analisis de senales usando sensores ultrasonicos que detectan el sonido que emiten esos fenomenos desde el exterior del tanque del transformador. La tercer tecnica consisten en analizar los gases disueltos en el aceite aislante de los transformadores, con la cual y de acuerdo con los niveles y relaciones existentes, es posible determinar el proceso de deterioro involucrado. Se presentan resultados de la aplicacion de las tres tecnicas de diagnostico mencionadas, las cuales se usaron para evaluar algunos transformadores en diferentes subestaciones de la Comision

  13. Online monitoring and diagnosis of power transformers; Monitoreo y diagnostico en linea de transformadores de potencia

    Energy Technology Data Exchange (ETDEWEB)

    Linan, Roberto; Alvarez, Rafael; Jimenez, Leon; Nunez, Arturo [Instituto de Investigaciones Electricas, Cuernavaca (Mexico); Contreras, Francisco A [Comision Federal de Electricidad, Mexico, D. F. (Mexico)

    1998-12-31

    In this article are presented three diagnosis techniques for power transformers. The first one consists in a non-invasive technique for detecting mechanical failure in taps with load in power transformers utilizing vibration sensors. The second one consists in an online diagnosis to detect the presence of arcing and partial discharges in the power transformer based in the recording and analysis of the signals using ultrasonic sensors that detect the noise that these phenomena emit from the outside of the transformer tank. The third technique consists in analyzing the dissolved gases in the transformer insulating oil, with it and in accordance with the levels and the existing relationships, it is possible to determine the involved deteriorating process. The results of the application of the three mentioned diagnosis techniques, which were used for the evaluation of some transformers in different Comision Federal de Electricidad (CFE) substations, are presented. [Espanol] En el presente articulo se reportan tres tecnicas de diagnostico para transformadores de potencia. La primera consiste en una tecnica no invasiva para detectar fallas mecanicas en cambiadores de derivacion con carga de transformadores de potencia utilizando sensores de vibracion. La segunda consiste en un diagnostico en linea para detectar la presencia de arqueos y descargas parciales en el transformador de potencia basada en el registro y analisis de senales usando sensores ultrasonicos que detectan el sonido que emiten esos fenomenos desde el exterior del tanque del transformador. La tercer tecnica consisten en analizar los gases disueltos en el aceite aislante de los transformadores, con la cual y de acuerdo con los niveles y relaciones existentes, es posible determinar el proceso de deterioro involucrado. Se presentan resultados de la aplicacion de las tres tecnicas de diagnostico mencionadas, las cuales se usaron para evaluar algunos transformadores en diferentes subestaciones de la Comision

  14. ESTIMACIÓN DE LA CARGA DE TRANSFORMADORES DE POTENCIA UTILIZANDO UNA RED NEURONAL ARTIFICIAL

    OpenAIRE

    Agudelo, Laura; Velilla, Esteban; López, Jesús M

    2014-01-01

    En este artículo se presenta una metodología para estimar la curva de carga de transformadores de potencia utilizando redes neuronales artificiales. Para implementar la metodología propuesta se utilizaron datos reales de dos transformadores ubicados en diferentes zonas geográficas y con diferentes condiciones de operación. La técnica de estimación de carga fue implementada con datos históricos de la empresa Interconexión Eléctrica S.A (ISA). Para realizar la predicción de las curvas de carga ...

  15. RELACIÓN ENTRE DIFERENTES PRUEBAS DE CAMPO: FUERZA, POTENCIA Y VELOCIDAD

    OpenAIRE

    Jessenia Hernández Elizondo

    2003-01-01

    Esta investigación tuvo como propósito principal el encontrar por medio de pruebas en las variables de fuerza, potencia y velocidad, la relación matemática existente entre estos tres constructos. Participaron 56 sujetos varones con edades entre 18 y 25 años. Con el fin de responder al objetivo del estudio, se les aplicaron pruebas de campo de fuerza (1RM de sentadilla completa y repeticiones máximas al 80% 60% 40% y 20%), de velocidad (30 metros lanzados y 30 metros sin impulso), y de potenci...

  16. Efecto del entrenamiento de la potencia sobre la velocidad de lanzamiento en balonmano

    OpenAIRE

    Aguilar Martínez, D.; Chirosa, L.J.; Martín, I.; Chirosa, I.J.; Cuadrado Reyes, J.

    2012-01-01

    El prop??sito de este estudio fue examinar el efecto de diferentes m??todos de fuerza unidos al entrenamiento t??cnico ??? t??ctico sobre la potencia muscular y la velocidad de lanzamiento en ambos brazos. Los participantes fueron 11 jugadores senior de balonmano (25??3 a??os; 188,7??4,7 cm; 90,6 ??10 Kg). Se tomaron 3 periodos de entrenamiento, cada uno de 8 semanas, con diferentes m??todos de entrenamiento de la fuerza. Los resultados muestran como el entrenamiento de fuerza basado en el ...

  17. Corrección del factor de potencia en una carga no lineal utilizando filtro activo y control SVPWM

    OpenAIRE

    Arias Chablé, Enrique

    2006-01-01

    El presente trabajo de tesis tiene la finalidad fundamental de presentar el análisis y simulación de una topología de filtro activo de potencia controlado por Modulación de Ancho de Pulso, usando la técnica del Vector Espacio (Space Vector Pulse Wide Modulation, SVPWM), para corregir el factor de potencia de un sistema de distribución de energía eléctrica con una carga no lineal. En el primer capítulo se hace una revisión de los conceptos fundamentales de calidad de la e...

  18. Trends in Business Investment

    OpenAIRE

    Lydon, Reamonn; Scally, John

    2014-01-01

    This article examines trends in business investment in Ireland. Consistent with the international evidence on investment cycles, we show that business investment in Ireland exhibits large cyclical movements around a long-run trend relative to GDP. Changes in business investment broadly coincide with the overall business cycle, although swings in investment tend to be far greater, with extended periods of both over- and under-investment relative to GDP. The sharp fall in business investment si...

  19. Brasil, opciones estratégicas de una potencia emergente para afirmar su liderazgo mundial

    Directory of Open Access Journals (Sweden)

    Gisela da Silva Guevara

    2011-11-01

    Full Text Available Desde el siglo XIX Brasil fue adaptando sus estrategias de soft power (poder blando con la meta de afirmar su poderío político y económico en América Latina y en el mundo, en contraposición a otros poderes hegemónicos regionales y mundiales. Sin embargo, sus rivalidades con potencias regionales, como Argentina o Venezuela y, con Estados Unidos, a nivel regional y mundial, nunca llevaron al coloso suramericano a optar por confrontaciones bélicas. Sus estrategias y opciones de política exterior tuvieron siempre en mira la consolidación del país por vía no violenta y a largo plazo. El presente artículo debate la pregunta-problema de si la nación suramericana podrá seguir la línea de poder blando que ha respetado, por siglos, desde su independencia, o será tentada a privilegiar el hard power para lograr, finalmente, ser reconocida como gran potencia en el siglo XXI.

  20. Recubrimientos superficiales con láseres de diodos de alta potencia

    Directory of Open Access Journals (Sweden)

    Molpeceres, J. L.

    1998-04-01

    Full Text Available Nowadays, high power diode laser systems are available in the market. These systems, based on arrays of small diode lasers, can achieve more than 1 kW of output power and are currently offering new possibilities in the field of laser material processing where CO2 and Nd:YAG lasers were used up to the present. The results obtained in some materials cladding based on cobalt and nickel alloys as additional materials is presented. The instrumental set-up used in these experiments are described.

    La posibilidad de disponer actualmente de láseres de diodos con una potencia de emisión óptica superior a 1 kW permite abordar un gran número de aplicaciones en el ámbito del procesado de materiales con láser, dominado tradicionalmente por los láseres de CO2 y Nd:YAG. En el presente trabajo, se muestra la aplicación de los láseres de diodos de alta potencia al recubrimiento de materiales metálicos con aleaciones de base cobalto y níquel. Se describen las características del sistema empleado y se muestran los resultados obtenidos.

  1. Sustainable Markets Investment Briefings: Investment Treaties

    Energy Technology Data Exchange (ETDEWEB)

    Cotula, Lorenzo

    2007-08-15

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

  2. El mantenimiento de la potencia mecánica en tenistas de categoría cadete

    Directory of Open Access Journals (Sweden)

    J. M. Sarabia

    2010-12-01

    Full Text Available

    El objetivo de este estudio fue comprobar la eficiencia de un entrenamiento de fuerza para el tren inferior y superior, basado en el mantenimiento de la potencia mecánica en jugadores cadetes de tenis. 18 tenistas (10 en el grupo experimental y 8 en el grupo control participaron en el estudio. Se realizó un periodo de adaptación anatómica (cinco semanas de duración previo al periodo de intervención en el grupo experimental. El periodo de intervención tuvo una duración de seis semanas donde se trabajó con los ejercicios de bench-press con peso libre y semi-squat en maquina Smith, con una carga estable del 60% de la fuerza dinámica máxima. Se evaluaron previa y posteriormente al periodo de intervención la potencia desarrollada en el tren superior como inferior con diferentes tests, tanto directos como indirectos. Los resultados parecen indicar que la metodología de entrenamiento basada en el mantenimiento de la potencia mecánica es eficiente para la mejora de la potencia máxima, permitiendo una optimización de las sesiones y minimizando el trabajo residual.
    Palabras clave: Fuerza, sobrecarga, fallo mecánico

  3. Obtaining additional energy savings from the Filumex project by means of the reactive power compensation; Obtencion de ahorros adicionales del proyecto Filumex mediante la compensacion de la potencia reactiva

    Energy Technology Data Exchange (ETDEWEB)

    Cervantes Jaramillo, Enrique L.; Loredo Gutierrez, Miguel Angel; Hernandez Hernandez, Eduardo [Comision Federal de Electricidad, Mexico, D. F. (Mexico)

    1996-12-31

    This paper presents the proposal for establishing in a parallel way to Flamex project, the compensation in the intermediate tension network for the increment in reactive power supplied to the domestic user. This is due to the following three phenomena that occur in replacing incandescent light bulbs with fluorescent lamps: a) A fluorescent lamp has a power factor of 0.9; consequently it requires the supply of a reactive power of about 50% of its capacity. b) In replacing an incandescent light bulb for a fluorescent lamp, approximately 80% of its capacity is not supplied, this leads to the disappearance of a good deal of the user`s purely resistive load, that will cause that its natural power factor is decreased from 0.91 to 0.86 lagging. c) In decreasing the annual maximum demand in the distribution circuit in a greater proportion than the decrease of the annual consumption, their load factors and the annual losses will be increased and therefore the share of its annual energy losses will be increased in about 18.9%. The above, gives rise to the fact that the compensation of reactive power by means of the installation of capacitor banks in the main leads of the distribution circuit, turns out to be a highly appealing technical-economical solution, with a Benefit/Cost rate of 4, a return time of the investment of 2 years and a net benefit of $4.78/user (Pesos). [Espanol] Se presenta la propuesta para establecer en una forma paralela al proyecto FILUMEX, la compensacion en la red de media tension del incremento de la potencia reactiva suministrada al usuario domestico. Este es debido a los siguientes tres fenomenos que ocurren al sustituir los focos incandescentes por lamparas fluorescentes: a) Una lampara fluorescente tiene un factor de potencia de 0.9, por lo que requiere el suministro de una potencia reactiva de aproximadamente el 50% de su capacidad. b) Al sustituirse un foco incandescente por una lampara fluorescente, se deja de suministrar aproximadamente el 80

  4. Obtaining additional energy savings from the Filumex project by means of the reactive power compensation; Obtencion de ahorros adicionales del proyecto Filumex mediante la compensacion de la potencia reactiva

    Energy Technology Data Exchange (ETDEWEB)

    Cervantes Jaramillo, Enrique L; Loredo Gutierrez, Miguel Angel; Hernandez Hernandez, Eduardo [Comision Federal de Electricidad, Mexico, D. F. (Mexico)

    1997-12-31

    This paper presents the proposal for establishing in a parallel way to Flamex project, the compensation in the intermediate tension network for the increment in reactive power supplied to the domestic user. This is due to the following three phenomena that occur in replacing incandescent light bulbs with fluorescent lamps: a) A fluorescent lamp has a power factor of 0.9; consequently it requires the supply of a reactive power of about 50% of its capacity. b) In replacing an incandescent light bulb for a fluorescent lamp, approximately 80% of its capacity is not supplied, this leads to the disappearance of a good deal of the user`s purely resistive load, that will cause that its natural power factor is decreased from 0.91 to 0.86 lagging. c) In decreasing the annual maximum demand in the distribution circuit in a greater proportion than the decrease of the annual consumption, their load factors and the annual losses will be increased and therefore the share of its annual energy losses will be increased in about 18.9%. The above, gives rise to the fact that the compensation of reactive power by means of the installation of capacitor banks in the main leads of the distribution circuit, turns out to be a highly appealing technical-economical solution, with a Benefit/Cost rate of 4, a return time of the investment of 2 years and a net benefit of $4.78/user (Pesos). [Espanol] Se presenta la propuesta para establecer en una forma paralela al proyecto FILUMEX, la compensacion en la red de media tension del incremento de la potencia reactiva suministrada al usuario domestico. Este es debido a los siguientes tres fenomenos que ocurren al sustituir los focos incandescentes por lamparas fluorescentes: a) Una lampara fluorescente tiene un factor de potencia de 0.9, por lo que requiere el suministro de una potencia reactiva de aproximadamente el 50% de su capacidad. b) Al sustituirse un foco incandescente por una lampara fluorescente, se deja de suministrar aproximadamente el 80

  5. Notification: EPA Investments in Information Technology Products and Services

    Science.gov (United States)

    Project #OA-FY14-0307, June 10, 2014. The U.S. Environmental Protection Agency (EPA) Office oflnspector General (OIG) plans to begin preliminary research on the EPA's management of information technology (IT) investments.

  6. RELACIÓN ENTRE DIFERENTES PRUEBAS DE CAMPO: FUERZA, POTENCIA Y VELOCIDAD

    Directory of Open Access Journals (Sweden)

    Jessenia Hernández Elizondo

    2003-12-01

    Full Text Available Esta investigación tuvo como propósito principal el encontrar por medio de pruebas en las variables de fuerza, potencia y velocidad, la relación matemática existente entre estos tres constructos. Participaron 56 sujetos varones con edades entre 18 y 25 años. Con el fin de responder al objetivo del estudio, se les aplicaron pruebas de campo de fuerza (1RM de sentadilla completa y repeticiones máximas al 80% 60% 40% y 20%, de velocidad (30 metros lanzados y 30 metros sin impulso, y de potencia (salto vertical con contra-movimiento SVCM, salto vertical sin impulso SVSI y salto vertical con caída SVCC, para correlacionar las diferentes pruebas entre sí. Los datos fueron analizados por medio de la correlación de Pearson (r, para correlacionar parejas de pruebas y correlación canónica (Rc para correlacionar grupos de variables. A partir de cada correlación se obtuvo la varianza explicada (r2 la cual indica el porcentaje de relación compartida en escala de 0-100 que existe entre las pruebas. Según los datos obtenidos, no existe relación significativa (2.1% entre las pruebas de salto-sentadilla, ni relación significativa (5.1% entre las pruebas de velocidad- sentadilla, mientras que la relación salto- velocidad (62%, fue estadísticamente significativa (p < 0.05. La implicación de estos resultados podrían respaldar la idea de que la relación teórica que existe entre estos constructos, no es completamente cierta cuando éstos son medidos por medio de pruebas de campo.

  7. Inflación cósmica: modelos inflacionarios con déficit de potencia a gran escala y comparación con observaciones

    OpenAIRE

    Martínez Somonte, Guillermo

    2016-01-01

    RESUMEN: Se resuelven las ecuaciones de la dinámica inflacionaria para dos tipos de potenciales variando sus condiciones iniciales, y, a partir de la evolución de tales universos inflacionarios, se computa numéricamente el espectro de potencias de sus fluctuaciones de densidad primordiales, resaltando el déficit de potencia a escalas grandes. ABSTRACT: The background inflationary equations are solved for two concrete potentials, varying their initial conditions, and, from the background ev...

  8. Investment innovation trends: Factor-based investing

    Directory of Open Access Journals (Sweden)

    Sanja Centineo

    2017-05-01

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

  9. Estimación de la cantidad de potencia suministrada por las celdas fotovoltaicas de un CubeSat

    Directory of Open Access Journals (Sweden)

    Jesús D. González Llorente

    2014-04-01

    Full Text Available Los CubeSat son pequeños satélites que, debido a las restricciones propias de sus dimensiones, tienen como única fuente de energía celdas foto-voltaicas sobre su superficie. El propósito de este artículo es estimar la cantidad máxima de potencia que puede obtenerse de estas celdas solares, de manera que sea posible realizar un balance de energía cuando se diseñan misiones espaciales con este tipo de satélites. En el escenario analizado, un CubeSat de 10cm x 10cm x 10cm (1U tiene una cara siempre orientada hacia la Tierra. Se consideran las pérdidas por el coseno del ángulo y la variación de la temperatura debido a la órbita del satélite. Para la estimación se usa un modelo matemático de las celdas solares, con el cual se calcula el punto de máxima potencia según el ángulo de incidencia de la radiación solar y la temperatura sobre una órbita baja alrededor de la Tierra. Los resultados muestran la variación de la potencia eléctrica máxima suministrada por los paneles sobre la porción iluminada de la órbita, sin considerar el albedo de la Tierra. Además de la potencia, se estiman las curvas corriente-voltaje para diferentes ubicaciones sobre la órbita del CubeSat.

  10. Mejora de la Potencia Obtenida en Plantas de Generación Undimotriz basadas en Columna de Agua Oscilante

    Directory of Open Access Journals (Sweden)

    Jon Lekube

    2018-03-01

    Full Text Available Las centrales de aprovechamiento de la energía proveniente de las olas, y particularmente los dispositivos de columna de agua oscilante, resultan una alternativa factible para reducir la dependencia de los combustibles fósiles y frenar el creciente problema del calentamiento global. Así, los nuevos esquemas de control pueden jugar un papel importante a la hora de aportar mejoras de rendimiento y competir de igual a igual desde un punto de vista comercial con las fuentes de energía tradicionales. En este sentido, el presente artículo propone un nuevo método de control basado en el seguimiento de la curva de máxima potencia, mediante el establecimiento de los valores óptimos de los coeficientes de flujo y de par que permiten maximizar la potencia generada en cada instante. El esquema de control ha sido implementado sobre un modelo completo desde la ola hasta la red de potencia a fin de demostrar la viabilidad del método propuesto y la bondad de sus resultados.

  11. Investment in Developing Countries

    Science.gov (United States)

    Motooka, Takeshi

    1973-01-01

    The fundamental problems of investment in rural education in the present developing countries are analyzed. Needs of rural education are outlined and financial considerations related to investment in the improvement of rural educational programs are discussed. (SM)

  12. Quantitative investment analysis

    CERN Document Server

    DeFusco, Richard

    2007-01-01

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

  13. Optimal Responsible Investment

    DEFF Research Database (Denmark)

    Jessen, Pernille

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

  14. Investment in capital markets

    OpenAIRE

    Ledenyov, Dimitri O.; Ledenyov, Viktor O.

    2017-01-01

    Investment in Capital Markets creates a strategic vision on the financial capital investment in the capital markets with the aim to get an increased return premium in the short and long time periods. The book is written with a main goal to explain the pros and cons of the financial capital investment in the capital markets, discussing the sophisticated investment concepts and techniques in the simple understandable readable general format language. We would like to highlight the three interes...

  15. Pension Fund Investment Policy

    OpenAIRE

    Zvi Bodie

    1988-01-01

    The purpose of this paper is to survey what is known about the investment policy of pension funds. Pension fund investment policy depends critically on the type of plan: defined contribution versus defined benefit. For defined contribution plans investment policy is not much different than it is for an individual deciding how to invest the money in an Individual Retirement Account (IRA). The guiding principle is efficient diversification, that is, achieving the maximum expected return for any...

  16. Sustainable Markets Investment Briefings: Foreign investment contracts

    Energy Technology Data Exchange (ETDEWEB)

    Cotula, Lorenzo

    2007-08-15

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

  17. Action Investment Energy Games

    DEFF Research Database (Denmark)

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

    2012-01-01

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

  18. Optimal Responsible Investment

    DEFF Research Database (Denmark)

    Jessen, Pernille

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

  19. Mobil laboratory for the evaluation on site of the power electric equipment, second generation; Laboratorio movil para la evaluacion en sitio del equipo electrico de potencia, segunda generacion

    Energy Technology Data Exchange (ETDEWEB)

    Carrillo C, Jaime; Escorsa M, Oscar; Estrada G, Javier A; Iturbe F, Marlene; Robles P, Edgar [Instituto de Investigaciones Electricas, Cuernavaca, Morelos (Mexico)

    2005-07-01

    To the interior of the Generation of Electrical Equipment (GEE) of the Instituto de Investigaciones Electricas, one of the main activities is the diagnosis of the electrical equipment in service. It is well known that the power equipment represents a strong investment that requires the guarantee that it has been manufactured, installed and operated satisfactorily. The life expectancy of these devices is of thirty years, however, many of them already have surpassed that expectation. The rehabilitation or substitution of the equipment implies new investments that are needed for an evaluation of the real condition of the equipment to carry out such rehabilitation. One of the tools necessary to carry out the diagnosis, is a movable laboratory that facilitates all the necessary tools to perform a meticulous analysis that would allow, the client, to make high cost decisions. The application of the movable laboratory is advisable from the inauguration of the equipment. The electrical mechanisms are factory tested in accordance with standardized protocols; it guarantees the fulfillment of the necessary requirements for a correct operation. Nevertheless, when taking them to the assembly site, these are subjected to a series of processes and mechanical stresses that could alter the equipment conditions and its integrity. [Spanish] Al interior de la Generacion de Equipos Electricos (GEE) del Instituto de Investigaciones Electricas, una de las principales actividades es el diagnostico del equipo electrico en servicio. Es bien sabido que los equipos de potencia representan una fuerte inversion que requiere la garantia de que se ha fabricado, instalado y operado satisfactoriamente. La esperanza de vida de estos dispositivos es de treinta anos, no obstante, muchos de ellos ya han superado esa expectativa. La rehabilitacion o sustitucion de equipos, implica nuevas inversiones que precisan un conocimiento del estado real del equipo para llevarla a cabo. Una de las herramientas

  20. Determinants of Discretionary Investments

    Directory of Open Access Journals (Sweden)

    K. S. Sujit

    2016-03-01

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

  1. Investment and uncertainty

    DEFF Research Database (Denmark)

    Greasley, David; Madsen, Jakob B.

    2006-01-01

    A severe collapse of fixed capital formation distinguished the onset of the Great Depression from other investment downturns between the world wars. Using a model estimated for the years 1890-2000, we show that the expected profitability of capital measured by Tobin's q, and the uncertainty...... surrounding expected profits indicated by share price volatility, were the chief influences on investment levels, and that heightened share price volatility played the dominant role in the crucial investment collapse in 1930. Investment did not simply follow the downward course of income at the onset...

  2. TRAZADO DE CURVAS DE POTENCIA DE UNA TURBINA EÓLICA DE EJE VERTICAL CON GEOMETRÍA VARIABLE

    OpenAIRE

    Mario F. Bergoglio; Carlos G. Medaglia; Javier A. Carletto; Víctor Rodrigo

    2017-01-01

    En este trabajo se describe el diseño y las primeras pruebas de una turbina eólica de eje vertical con geometría va riable, diseñado y construido íntegramente en la Facultad de Ingeniería y Ciencias Agropecuarias de la Universidad Nacional de San Luis - Argentina. Los ensayos de laboratorio, tendientes a conocer el comportamiento integral y determinar los valores de potencia que puede entregar el dispositivo se realizaron en un túnel de viento somet...

  3. Some future tendencies in the electric power systems; Algunas tendencias futuras en los sistemas electricos de potencia

    Energy Technology Data Exchange (ETDEWEB)

    Sarmiento Uruchurtu, Hector Gerardo [Instituto de Investigaciones Electricas, Cuernavaca (Mexico)

    1996-12-31

    This document describes the most important tendencies on energy generation transmission and utilization of the electric power systems. The underlining of these tendencies has the purpose of maintaining a constant alert on the possible technological advances that must be covered at medium and long term in the Coordination Analysis of Transmission Systems [Espanol] En el presente documento se describen las tendencias mas importantes sobre generacion, transmision y utilizacion de la energia, en cuanto a los sistemas electricos de potencia. El destacar estas tendencias tiene por objeto una alerta constante sobre los posibles desarrollos tecnologicos que se deben abordar a mediano y largo plazo dentro de la Coordinacion de Analisis de Sistemas de Transmision

  4. Balance de potencia del conjunto formado por el tractor New Holland 6610s y la sembradora v-20

    OpenAIRE

    Pedro R. Mayans-Céspedes; José R. Soca-Cabrera; Gilberto López Canteñs

    2009-01-01

    En el presente trabajo se reflejan los resultados de la prueba de tracción y potencia a la toma de fuerza de la sembradora V-204, formando conjunto con el tractor New Holland 6610s4. Para las pruebas se contó con los instrumentos, medios de medición e instalaciones del Centro Nacional de Estandarización de Maquinaria Agrícola, utilizándose la NMX "Método de evaluación de sembradoras y/o fertilizadoras de tracción mecánica con dosificador de disco" y la NC Máquinas agropecuarias y forestales, ...

  5. Some future tendencies in the electric power systems; Algunas tendencias futuras en los sistemas electricos de potencia

    Energy Technology Data Exchange (ETDEWEB)

    Sarmiento Uruchurtu, Hector Gerardo [Instituto de Investigaciones Electricas, Cuernavaca (Mexico)

    1995-12-31

    This document describes the most important tendencies on energy generation transmission and utilization of the electric power systems. The underlining of these tendencies has the purpose of maintaining a constant alert on the possible technological advances that must be covered at medium and long term in the Coordination Analysis of Transmission Systems [Espanol] En el presente documento se describen las tendencias mas importantes sobre generacion, transmision y utilizacion de la energia, en cuanto a los sistemas electricos de potencia. El destacar estas tendencias tiene por objeto una alerta constante sobre los posibles desarrollos tecnologicos que se deben abordar a mediano y largo plazo dentro de la Coordinacion de Analisis de Sistemas de Transmision

  6. INVESTMENT FUNDS IN ROMANIA

    Directory of Open Access Journals (Sweden)

    COPIL CRINA ANGELA

    2013-07-01

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

  7. Modelo de predicción de la potencia de un parque eólico marino en el Estrecho de Gibraltar

    OpenAIRE

    Pino Domínguez, José Miguel del

    2015-01-01

    El objetivo último que motiva el desarrollo de este trabajo es construir un modelo de predicción de la potencia eléctrica que produciría un parque de aerogeneradores off-­‐shore en el Estrecho de Gibraltar, de unos 200 MW de potencia instalada, en periodos de un día, a partir de las predicciones de viento que proporciona ininterrumpidamente AEMET, la agencia estatal de meteorología española. Con este modelo predictivo se facilitaría la integración de la tan variable producción energética de l...

  8. Modelado lineal de sistemas de potencia : Aplicación al análisis de estabilidad de pequeña señal

    OpenAIRE

    Biteznik, Carlos E.

    2015-01-01

    En esta tesis se presenta el desarrollo de una herramienta potente y de manejo sencillo para la realización de estudios de estabilidad de pequeña señal mediante análisis modal, con el fin de poder analizar las posibles oscilaciones en grandes sistemas eléctricos potencia. Para lograr esto se propone un método para la construcción, en forma matricial, del sistema lineal de ecuaciones diferencial - algebraica (DAE, de sus siglas en ingles) de un sistema de potencia. Disponer del sistema DAE per...

  9. Incorporation of a wind generator model into a dynamic power flow analysis; Incorporacion de un modelo de generador eolico al analisis de flujos dinamicos de potencia

    Energy Technology Data Exchange (ETDEWEB)

    Angeles Camacho, C.; Banuelos Ruedas, F. [Instituto de Ingenieria, Universidad Nacional Autonoma de Mexico (Mexico)]. E-mail: cangelesc@iingen.unam.mx; fbanuelosr@iingen.unam.mx

    2011-07-15

    Wind energy is nowadays one of the most cost-effective and practical options for electric generation from renewable resources. However, increased penetration of wind generation causes the power networks to be more depend on, and vulnerable to, the varying wind speed. Modeling is a tool which can provide valuable information about the interaction between wind farms and the power network to which they are connected. This paper develops a realistic characterization of a wind generator. The wind generator model is incorporated into an algorithm to investigate its contribution to the stability of the power network in the time domain. The tool obtained is termed dynamic power flow. The wind generator model takes on account the wind speed and the reactive power consumption by induction generators. Dynamic power flow analysis is carried-out using real wind data at 10-minute time intervals collected for one meteorological station. The generation injected at one point into the network provides active power locally and is found to reduce global power losses. However, the power supplied is time-varying and causes fluctuations in voltage magnitude and power flows in transmission lines. [Spanish] La energia eolica es hoy en dia una de las opciones mas efectivas y practicas para la generacion de electricidad a partir de energias renovables. Sin embargo, el incremento de la penetracion de energia eolica provoca que los sistemas de potencia se vuelvan mas dependientes y vulnerables a las variaciones de la velocidad del viento. El modelado es una herramienta que provee informacion valiosa de la interaccion dinamica entre las turbinas eolicas y las redes de potencia a las que se conectan. El presente articulo desarrolla una caracterizacion realista de un modelo de la turbina eolica. El modelo de la turbina eolica se incorpora a un algoritmo para el analisis de su contribucion a la estabilidad de una red electrica en el dominio del tiempo. La herramienta obtenida se conoce como flujos

  10. De "átomos para la paz" a los reactores de potencia: Tecnología y política nuclear en la Argentina (1955-1976)

    OpenAIRE

    Hurtado de Mendoza, Diego

    2005-01-01

    Durante el período 1955-76, el programa nuclear argentino se integró a la arena internacional; su Comisión Nacional de Energía Atómica construyó cuatro reactores de investigación, adquirió a una empresa alemana y puso en marcha el primer reactor de potencia Atucha I, y compró a una empresa canadiense un segundo reactor de potencia. En este artículo se examinan estos desarrollos en relación con el contexto político local y con el panorama nuclear internacional. En particular, se analizan la po...

  11. Efectos del HIIT en la composición corporal, potencia máxima y fuerza máxima : un estudio preexperimental

    OpenAIRE

    Jiménez Rodríguez, Francisco Miguel

    2013-01-01

    El principal objetivo de este estudio es conocer los efectos del HIIT en la composición corporal, fuerza dinámica (FDM) y potencia máxima (Pmáx) de miembro superior e inferior, potencia en saltos y fuerza máxima isométrica (FIM) manual. Cuatro hombres activos universitarios de similares características (21.5 ± 0.5 años, 175.75 ± 2.63 cm, 76.27 ± 4.76 kg) se ofrecieron como voluntarios para formar parte del estudio, un estudio preexperimental, sin grupo control, en el que realizaron un protoco...

  12. Indicators of responsible investing

    NARCIS (Netherlands)

    Scholtens, Bert

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

  13. Missouri airport investment study

    Science.gov (United States)

    The studys purpose is to provide MoDOT with insight to the potential ROI for airport : investments in terms of economic development. To do so, this study addresses two central : objectives: first, an approach to evaluate airport investments; and s...

  14. RUSSIAN INDUSTRY INVESTMENT SITUATION

    Directory of Open Access Journals (Sweden)

    O. V. Pochukaeva

    2011-01-01

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

  15. Investment for food

    NARCIS (Netherlands)

    Groenveld, D.

    1961-01-01

    Groenveld attempted to show the magnitude of investments in agriculture, which were necessary to meet the increasing world demand for food. The formula S = K/Y (ΔN +ΔH) was assumed as a description that for a community the proportion of national income saved and invested must equal the product of

  16. Considerations in Duplex Investment.

    Science.gov (United States)

    Wright, Arthur; Goen, Tom

    Problems of duplex investment are noted in the introduction to this booklet designed to provide a technique by which the investment decision can be approached, develop estimates of typical costs and returns under differing conditions, and encourage investors to analyze objectives and conditions before the decision to buy or build is made. A…

  17. The Investment Policy Statement

    Science.gov (United States)

    Griswold, John S.; Jarvis, William F.

    2011-01-01

    Successful investing for long-term funds requires a strategic plan. This is true despite--indeed, because of--the fact that the future is unknowable. The plan must be specific, embodying in concrete terms the best thinking of the board of trustees about the investment pool, its goals and purposes; but it also needs to be sufficiently flexible to…

  18. Competition in investment banking

    Directory of Open Access Journals (Sweden)

    Katrina Ellis

    2011-01-01

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

  19. Using Investment Funds to Support Advancements in Healthcare

    OpenAIRE

    Nawar, Anthony

    2017-01-01

    The topic of this thesis is about using investment funds to support advancements in healthcare. The structure is designed to identify the relevant elements in a funding strategy that can be used to support healthcare companies likely to produce usable solutions. The research objective is to establish a proper investment fund strategy that supports healthcare. Additionally, it is positioned to highlight the dynamic components that outline the viable fund. The preliminary scope of the ...

  20. Energy investments and employment

    International Nuclear Information System (INIS)

    1993-08-01

    A study was conducted to assess the effect that different energy options would have on provincial and regional employment prospects in British Columbia. Current and future economic and employment patterns were examined to develop a more detailed understanding of the skills, age, gender, location, and other characteristics of British Columbia workers. Over 40 previous studies examining the energy/employment relationship were also reviewed. Based on this review and an analysis of the province's economic and labor conditions, the following conclusions are drawn. Investment in non-energy sectors offers better prospects for reducing unemployment than investment in the energy sector, whether for new supply or improving efficiency. Investments in the energy sector provide fewer jobs than investments in most other sectors of the economy. Among the available electricity supply options, large hydroelectric projects tend to produce the fewest jobs per investment dollar. Smaller thermal projects such as wood residue plants produce the most jobs. If and when more energy is needed in British Columbia, the most cost-effective combination of energy supply and efficiency options will also create the most jobs. Compared to traditional energy supply options, investments in energy efficiency would create about twice as many total jobs, create jobs that better match the skills of the province's unemployed and its population distribution, and create jobs that last longer on the average. Construction-related measures such as improved insulation tend to produce more jobs per investment dollar than the substitution of more energy-efficient equipment. 69 refs., 9 tabs

  1. INVESTMENT ATTRACTIVENESS OF ENTERPRISES

    Directory of Open Access Journals (Sweden)

    Nadiia Davydenko

    2017-03-01

    Full Text Available In the article the approaches to defining the essence of the concept of “investment attractiveness of enterprises” were analyzed. On the example of "Agrofirm Brusilov" depth analysis of the agricultural enterprises to evaluate of profitability, liquidity, solvency, financial stability, the timing of the return of invested funds and minimizing investment risks was conducted. To study methods of rating and system analysis were used. To justify the conditions of  increasing investment attractiveness farms method of scoring was used. It was established as a result of the use of integrated evaluation of the financial position one can see problem aspects of financial position of the company and develop measures to enhance liquidity, solvency, identify potential for raising the efficiency of company and prevention of financial crisis. The analysis of financial position showed that the management of the enterprise doesn’t  think  about  financial stability and solvency, does not understand the benefit of borrowed capital. Using research results in practice of agricultural enterprises allows us to give a real evaluation of investment attractiveness and justify ways to improve it. Key words: investments, investment attractiveness, potential business, financial position.

  2. Soldadura de aleaciones de aluminio con láseres de Nd:YAG de alta potencia

    Directory of Open Access Journals (Sweden)

    García Orza, J. A.

    1998-04-01

    Full Text Available Aluminium alloys have good mechanical properties (high strength-to-weight ratio, corrosion resistance and good workability. Their applications are growing up, specially in the transportation industry. Weldability is however poorer than in other materials; recent advances in high power YAG lasers are the key to obtain good appearance welds and higher penetration, at industrial production rates. Results of the combination of high power YAG beams with small fiber diameters and specific filler wires are presented. It is also characterized the airborne particulated material, by-product of the laser process: emission rates, size distribution and chemical composition are given for several aluminium alloys.

    El uso del Al y sus aleaciones es creciente en la fabricación de vehículos de transporte. Su soldabilidad es menor que la de otros materiales y las aleaciones presentan cierta disminución de propiedades por pérdida de aleantes y/o de su tratamiento térmico. Se revisa brevemente el uso de láseres de Nd:YAG de potencia en soldeo de aleaciones de aluminio y se presentan resultados de la combinación de haces de potencia guiados por fibras de pequeño diámetro, con focos ligeramente superpuestos en la pieza. Finalmente, se caracterizan los humos producidos en la soldadura con láser continuo de 2 kW.

  3. Irreversible investments revisited

    DEFF Research Database (Denmark)

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

    2007-01-01

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

  4. Battery monitoring in Mexican hybrid power systems; Monitoreo de las baterias en sistemas de potencia hibridos Mexicanos

    Energy Technology Data Exchange (ETDEWEB)

    Flores, J. Roberto; Agredano, Jaime [Instituto de Investigaciones Electricas, Cuernavaca (Mexico)

    1997-12-31

    Hybrid power systems for an autonomous power supply are based on different renewable and fossil energy sources. They are considered as a good option for the power supply of remote areas. In these systems an energy storage is a vital necessity and very often this storage will consist of batteries which are generally connected in series and parallel arrays, or both. In Mexico as in other countries, the most extensively use batteries used for this application are the stationary and electric car type deep cycle batteries. However the experience with them in these systems is generally not very good. One way to overcome this problem is to maintain a regular monitoring of installing monitoring equipment, in order to make preventive actions before a developing fault can have serious consequences and in this manner increase the practical lifetime of the batteries. Unfortunately, battery monitoring is not easy task because most of the hybrid power systems are installed in remote areas which makes it difficult and expensive. In Mexico it has been not possible to maintain a regular monitoring of all hybrid power systems installed, due to the high cost of this work and the lack of founds. The hybrid power systems installed in the state of Quintana Roo are the only systems that have been continuously monitored since their installation. This paper gives an overview of the hybrid power systems installed in Mexico, focusing in the battery banks, the way they are being monitored, the main parameters used to detect possible premature problems and the method used to evaluate the battery bank conditions. Finally some results from the battery banks monitoring activities are presented. [Espanol] Los sistemas de potencia hibridos para un suministro autonomo de energia a regiones remotas, estan basados en diferentes fuentes de energia fosiles y renovables. Estos son considerados como una buena opcion para el suministro de energia a areas remotas. En estos sistemas es una necesidad vital el

  5. Battery monitoring in Mexican hybrid power systems; Monitoreo de las baterias en sistemas de potencia hibridos Mexicanos

    Energy Technology Data Exchange (ETDEWEB)

    Flores, J Roberto; Agredano, Jaime [Instituto de Investigaciones Electricas, Cuernavaca (Mexico)

    1998-12-31

    Hybrid power systems for an autonomous power supply are based on different renewable and fossil energy sources. They are considered as a good option for the power supply of remote areas. In these systems an energy storage is a vital necessity and very often this storage will consist of batteries which are generally connected in series and parallel arrays, or both. In Mexico as in other countries, the most extensively use batteries used for this application are the stationary and electric car type deep cycle batteries. However the experience with them in these systems is generally not very good. One way to overcome this problem is to maintain a regular monitoring of installing monitoring equipment, in order to make preventive actions before a developing fault can have serious consequences and in this manner increase the practical lifetime of the batteries. Unfortunately, battery monitoring is not easy task because most of the hybrid power systems are installed in remote areas which makes it difficult and expensive. In Mexico it has been not possible to maintain a regular monitoring of all hybrid power systems installed, due to the high cost of this work and the lack of founds. The hybrid power systems installed in the state of Quintana Roo are the only systems that have been continuously monitored since their installation. This paper gives an overview of the hybrid power systems installed in Mexico, focusing in the battery banks, the way they are being monitored, the main parameters used to detect possible premature problems and the method used to evaluate the battery bank conditions. Finally some results from the battery banks monitoring activities are presented. [Espanol] Los sistemas de potencia hibridos para un suministro autonomo de energia a regiones remotas, estan basados en diferentes fuentes de energia fosiles y renovables. Estos son considerados como una buena opcion para el suministro de energia a areas remotas. En estos sistemas es una necesidad vital el

  6. Petroleum investment conditions in Peru

    International Nuclear Information System (INIS)

    Garcia Schreck, M.

    1996-01-01

    This report focuses on the current petroleum investment conditions in Peru, and Peru's hydrocarbon potential. Investment conditions are examined, and political risk, internal security, the economic environment, and the legal framework for investment are considered. (UK)

  7. Environment, Trade, and Investment

    Science.gov (United States)

    Environment, trade, and investment are fundamentally linked as the environment provides many basic inputs of economic activity – forests, fisheries, metals, minerals – as well as the energy used to process those materials.

  8. Socially responsible investment engagement

    NARCIS (Netherlands)

    Goessling, T.; Buijter, Bas; Freeman, R.E.; Kujala, J.; Sachs, S.

    2017-01-01

    This study explores engagement in socially responsible investment (SRI) processes. More specifically, it researches the impact of shareholder salience on the success of engagement activities. The research question asks: What is the relationship between shareholder salience and engagement effort

  9. Multimodal freight investment criteria.

    Science.gov (United States)

    2010-07-01

    Literature was reviewed on multi-modal investment criteria for freight projects, examining measures and techniques for quantifying project benefits and costs, as well as ways to describe the economic importance of freight transportation. : A limited ...

  10. Sanitation investments in Ghana

    DEFF Research Database (Denmark)

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

    2016-01-01

    with people’s willingness and ability to invest in household sanitation across all communities. The status of being a stranger i.e. migrant in the area left some populations without rights over the land they occupied and with low incentives to invest in sanitation, while indigenous communities were challenged......Background: Ghana’s low investment in household sanitation is evident from the low rates of improved sanitation. This study analysed how land ownership, tenancy security and livelihood patterns are related to sanitation investments in three adjacent rural and peri-urban communities in a district...... communities were triangulated with multiple interview material and contextual knowledge on social structures, history of settlement, land use, livelihoods, and access to and perceptions about sanitation. Results: This study shows that the history of settlement and land ownership issues are highly correlated...

  11. Parental Investments in Children

    DEFF Research Database (Denmark)

    Bonke, Jens; Esping-Andersen, Gösta

    This study examines parental time investment in their children, distinguishing between developmental and non-developmental care. Our analyses centre on three influential determinants: educational background, marital homogamy, and spouses’ relative bargaining power. We find that the emphasis...

  12. Relación entre la potencia muscular de extremidades inferiores y tronco con la velocidad de salida de la bola en el swing de drive en golf

    Directory of Open Access Journals (Sweden)

    Lorena Torres Ronda

    2010-09-01

    Full Text Available A pesar del interés emergente en el acondicionamiento físico en el golf, se han llevado a cabo pocos estudios para valorar la relación entre la potencia mecánica y el rendimiento en golf. El objetivo de este estudio fue valorar si existía una correlación entre la velocidad de salida de la bola del swing de drive y la potencia muscular de extremidades inferiores y tronco, en un grupo de 8 golfistas (16,8 ± 1,4 años; 2,2 ± 1,8 Handicap; 63,1 ± 6,4 kg.; 172,7 ± 7,5 cm. El test incluyó mediciones de la velocidad de salida de la bola y tests de potencia mecánica (prensa de piernas horizontal, press de banca y rotaciones de tronco. Los resultados de este estudio indican que existe una correlación significativa entre la velocidad de salida de la bola y la potencia piernas (prensa de piernas horizontal: r2=,933; p=,000 y del tronco (press de banca: r2 = 0,66; p = ,014. La prensa de piernas se mostró como el predictor más representativo para la velocidad de salida de la bola (r2 = 0,934; p = ,000.

  13. Investment, regulation, and uncertainty

    Science.gov (United States)

    Smyth, Stuart J; McDonald, Jillian; Falck-Zepeda, Jose

    2014-01-01

    As with any technological innovation, time refines the technology, improving upon the original version of the innovative product. The initial GM crops had single traits for either herbicide tolerance or insect resistance. Current varieties have both of these traits stacked together and in many cases other abiotic and biotic traits have also been stacked. This innovation requires investment. While this is relatively straight forward, certain conditions need to exist such that investments can be facilitated. The principle requirement for investment is that regulatory frameworks render consistent and timely decisions. If the certainty of regulatory outcomes weakens, the potential for changes in investment patterns increases.   This article provides a summary background to the leading plant breeding technologies that are either currently being used to develop new crop varieties or are in the pipeline to be applied to plant breeding within the next few years. Challenges for existing regulatory systems are highlighted. Utilizing an option value approach from investment literature, an assessment of uncertainty regarding the regulatory approval for these varying techniques is undertaken. This research highlights which technology development options have the greatest degree of uncertainty and hence, which ones might be expected to see an investment decline. PMID:24499745

  14. Development and application of a methodology for the classification of the operating conditions of power transformers; Desarrollo y aplicacion de una metodologia para la clasificacion del estado operativo de transformadores de potencia

    Energy Technology Data Exchange (ETDEWEB)

    Lara Covarrubias, Hector

    2004-05-15

    This thesis work shows the development of a classification model that allows the user to assess the operative condition of power transformers. The proposed model includes the following steps: Relative weights assignation for each IEEE-62-1995 required test. Those relative weights are obtained from test results and standardized and experience based limits obtained by Comision Federal de Electricidad (CFE). Once the relative weights have been assigned, three states, green, yellow and red were defined. Each state was then ranked with a weight number (1, 2 or 3). Specific weights were assigned for each test included in the model. Test score assignation takes into account the product of the relative value and the specific weight of each test. Transformer risk assessment uses the total score obtained from the sum of the tests partial scores. Transformer risk assessment was then classified in three categories. Total score causes the system to issue maintenance or substitution recommendations. The described model will improve maintenance scheduling according the transformer risk assessment and it is fully applicable to the complete CFE power transformer population. Further, smart investment and substitution plans, can be easily obtained from the model, preventing catastrophic failures that may cause logistic and economical problems to the Mexican Power System operation. As an example, the results obtained from the model application to two transformer banks installed in a CFE hydroelectric power plant were discussed and analyzed. [Spanish] El trabajo que se muestra en esta tesis, es el desarrollo de un modelo para la clasificacion del estado operativo de los transformadores de potencia. El modelo propuesto incluye los siguientes pasos: Asignacion de pesos relativos para cada una de las pruebas establecidas en la norma IEEE-62-1995 en funcion de sus resultados, limites establecidos en la normatividad y limites propuestos con base en la experiencia de la Comision Federal de

  15. Investing in river health.

    Science.gov (United States)

    Bennett, J

    2002-01-01

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

  16. Japanese investment in Peru: limits of developmental investment

    OpenAIRE

    Kamiya, Marco

    2004-01-01

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

  17. Transit investments for greenhouse gas and energy reduction program : first assessment report.

    Science.gov (United States)

    2012-07-01

    The purpose of this report is to provide an overview and preliminary analysis of the U.S. Department of Transportation, Federal Transit Administrations TIGGER Program. TIGGER, which stands for Transit Investments for Greenhouse Gas and Energy Redu...

  18. Essays in Investment Theory

    International Nuclear Information System (INIS)

    Bobtcheff, C.

    2006-01-01

    This thesis analyzes different aspects of the investment decision. In the first chapter, we consider an economy in which different energy sources may produce electricity. The model focuses first on the optimal use of a hydroelectric dam from which water can be extracted and which is supplied with a random water flow. The presence of constraints on a minimal and on a maximal storage capacity makes electricity consumption smoothing possible only when the quantity of water available to the agent lies in a certain range that we determine. In a second stage, we introduce a second energy source with unlimited supply at some exogenous cost. The marginal propensity to produce hydroelectricity is an increasing function of the second technology cost. The availability at a low cost of the alternative source improves thus time diversification. Finally, the optimal electric park is composed of a number of dams that is increasing with the cost of the second technology. Chapter 2 studies the decision of an investor who wants to undertake an irreversible investment when he has the choice between two mutually exclusive projects that present input price and/or output price uncertainty. We prove that the investor decides not to invest in any project when each investment generates the same payoff independently of its size. Therefore, some inaction region appears in which the investor prefers not to invest whereas an immediate investment would have been optimal if no choice had been available: a 'choice value' is thus created. A key feature of this bidimensional degree of uncertainty is thus that the payoff generated by each project is not a sufficient statistic to make a rational investment. In this context, our analysis provides a new motive for waiting to invest: the benefits associated with the dominance of one project over the other. In chapter 3, we study the investment decision problem of a duo-poly with price competition on a market of finite size driven by stochastic taste

  19. Foreign Direct Investment versus Portfolio Investment : A Global Games Approach

    OpenAIRE

    Yamin Ahmad; Pietro Cova; Rodrigo Harrison

    2004-01-01

    We present a model of investment under uncertainty about fundamentals, using a global games approach. Goldstein & Razin (2003) show that there is an information based trade-off between foreign direct investment (FDI) and portfolio investment (PI) which rationalizes some well known stylised facts in the literature - the relative volatility and reversibility of foreign direct investment versus portfolio investment. We extend their result and show that uncertainty about fundamentals does not imp...

  20. Investment shocks and the relative price of investment

    OpenAIRE

    Justiniano, Alejandro; Primiceri, Giorgio E.; Tambalotti, Andrea

    2009-01-01

    We estimate a New-Neoclassical Synthesis model of the business cycle with two investment shocks. The first, an investment-specific technology shock, affects the transformation of consumption into investment goods and is identified with the relative price of investment. The second shock affects the production of installed capital from investment goods or, more broadly, the transformation of savings into future capital input. We find that this shock is the most important driver of U.S. business...

  1. Are Foreign Investments Replacing Domestic Investments? - Evidence from Finnish Manufacturing

    OpenAIRE

    Oksanen, Olli-Pekka

    2006-01-01

    This study analyses the relationship between firms’ foreign and domestic investments using a panel dataset containing 218 Finnish manufacturing firms during the years 1998-2002. The study examines whether foreign investments increase or decrease domestic investments and whether the effect varies between investments directed to developed markets or emerging markets. Financial constraints’ effect on the relationship is also investigated. The empirical part estimates an empirical investment equa...

  2. Optimal Regulation of Lumpy Investments

    NARCIS (Netherlands)

    Zwart, G.; Broer, D.P.

    2012-01-01

    When a monopolist has discretion over the timing of infrastructure investments, regulation of post-investment prices interferes with incentivizing socially optimal investment timing. In a model of regulated lumpy investment under uncertainty, we study regulation when the regulator can condition

  3. Investment opportunity : the FPL low-cost solar dry kiln

    Science.gov (United States)

    George B. Harpole

    1988-01-01

    Two equations are presented that may be used to estimate a maximum investment limit and working capital requirements for the FPL low-cost solar dry kiln systems. The equations require data for drying cycle time, green lumber cost, and kiln-dried lumber costs. Results are intended to provide a preliminary estimate.

  4. Foreign direct investment and economic growth in developing ...

    African Journals Online (AJOL)

    It has been widely claimed that foreign direct investment (FDI) stimulates economic growth. In this study, an attempt is made to verify this for ten selected Sub-Saharan African (SSA) countries using data spanning from 2008 to 2013 obtained from world development indicators. Preliminary analysis conducted indicates that ...

  5. Tax reforms and investment in Nigeria: an empirical examination ...

    African Journals Online (AJOL)

    This study is informed by the quest to examine the investment implication of the series of tax reforms in Nigeria, particularly the tax reforms of 2003 and National tax policy of 2012. Annual time series data spanning the years (1981-2012) were utilized. Preliminary diagnostic test was conducted to examine whether the ...

  6. Vehicle routing problem in investment fund allocation

    Science.gov (United States)

    Mamat, Nur Jumaadzan Zaleha; Jaaman, Saiful Hafizah; Ahmad, Rokiah Rozita; Mohd, Ismail

    2013-04-01

    Since its introduction by Dantzig and Ramser in 1959, vehicle routing problem keeps evolving in theories, applications and variability. The evolution in computing and technology are also important contributors to research in solving vehicle routing problem. The main sectors of interests among researchers and practitioners for vehicle routing problem are transportation, distribution and logistics. However, literature found that concept and benefits of vehicle routing problem are not taken advantages of by researchers in the field of investment. Other methods found used in investment include multi-objective programming, linear programming, goal programming and integer programming. Yet the application of vehicle routing problem is not fully explored. A proposal on a framework of the fund allocation optimization using vehicle routing problem is presented here. Preliminary results using FTSE Bursa Malaysia data testing the framework are also given.

  7. Irreversible investments revisited

    DEFF Research Database (Denmark)

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

    2007-01-01

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

  8. Finans/Invest

    DEFF Research Database (Denmark)

    Bechmann, Ken L.

    2014-01-01

    Som det vil være velkendt for de fleste læsere, så er der skiftedag på Finans/Invest. Således var Finans/Invest 8/13 det sidste nummer med Anders Grosen som redaktør, og nærværende nummer er det første med professor Ken L. Bechmann som redaktør. I denne første leder beskriver den nye redaktør lidt...... om hans syn på Finans/Invest og tidsskriftets store betydning for formidling af faglig viden inden for finansiering. Yderligere beskrives nogle af de mindre redaktionelle ændringer, som den nye redaktør har planlagt. Endelig indeholder lederen traditionen tro redaktørens refleksioner over og...

  9. Diseño del sistema de evacuación de potencia de un parque eólico

    OpenAIRE

    Guzmán Lobato, Francisco José

    2011-01-01

    En el presente proyecto se pretende diseñar el sistema de evacuación de potencia de un parque eólico. Esto supone calcular la red subterránea que nace en los siete generadores eólicos del parque y termina en la subestación eléctrica elevadora, también objeto de cálculo, cuyo cometido es adaptar los 20 KV de generación a 132 KV para el transporte de la energía eléctrica. En este proyecto se ha tenido en cuenta a su vez el recurso empleado para la generación de dicha electricidad. En este ca...

  10. Stock prices and business investment

    OpenAIRE

    Yaron Leitner

    2007-01-01

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

  11. Firm Decisions: Determinants of Investments

    OpenAIRE

    Ionescu Alexandra

    2011-01-01

    The investment decision is part of a companies’ investment strategy. Defined as a logical set of technical and economic information, the investment strategy determines the main objectives of the firm regarding its investments, based on studies, analysis and simulations. It also establishes the actions to be undertaken in order to achieve the objectives, methods of achieving them, sources of funding and resource allocation methods. Still, all these are influenced by several factors. The invest...

  12. Compensación de la potencia reactiva de los pequeños y medianos consumidores

    Directory of Open Access Journals (Sweden)

    Leonardo Casas Fernández

    2011-02-01

    Full Text Available La compensación de la potencia reactiva que demandan las cargas de pequeño y mediano consumo,básicamente asociadas a las redes de distribución primaria, suele realizarse mediante los capacitores demediano y bajo voltajes situados tanto en las redes primarias como en las instalaciones de los clientes.La empresa distribuidora de energía eléctrica instala en las redes de distribución primaria capacitores demedio voltaje, en tanto que los clientes medianos, presionados por la penalización de bajo factor depotencia, colocan los de bajo voltaje en sus circuitos. En este trabajo se realiza un análisis integral de lascaracterísticas de ambas formas de generar la potencia reactiva y se exponen las ventajas técnicoeconómicasde los capacitores de medio voltaje asociados a los circuitos de distribución primaria.  The compensation of the reactive power that small and medium loads demand, basically associated toprimary distribution networks, is usually carried out by means of medium and low voltage capacitorslocated so much in the primary circuits as in the facilities of the clients. The utility installs in the primarydistribution networks capacitors of medium voltage, as long as the medium clients, pressed by thepenalization of low power factor, place those of low voltage in their circuits. In this work an integralanalysis of the characteristics in both ways of generating the reactive power is carried out, and thetechnician and economic advantages of the medium voltage capacitors associated to the primary distributioncircuits are expose.

  13. Renovación priorizada de redes de distribución utilizando el concepto de potencia unitaria

    Directory of Open Access Journals (Sweden)

    Natalia Romero

    2010-06-01

    Full Text Available La operación de redes de distribución de agua potable involucra dos asuntos con grandes repercusiones económicas: la renovación y rehabilitación de tuberías, y la reducción del Índice de Agua No Contabilizada (IANC. Este trabajo presenta un algoritmo que, con base en el concepto de potencia unitaria, permite priorizar los tubos por renovar, de tal modo que se reduzca la potencia disipada y el IANC, se mantenga el plano de presiones nivelado y se encuentre la situación ideal para realizar la renovación en términos de beneficios económicos. Se presentan dos casos de estudio en los cuales la metodología propuesta probó ser eficiente al hallar esquemas de renovación rentables e hidráulicamente óptimos.Water Distribution System operation involves two issues that have large economic repercussions: pipe renewal and rehabilitation and reduction of Non-Revenue Water (NRW. This paper presents an algorithm that, based on the unitary power concept, selects the most important pipes to be replaced in order to reduce the dissipated power and the NRW, while keeping the pressure surface levelled. Additionally, the proposed methodology finds an ideal renewal scheme in terms of economic benefits and profitability. This paper includes two case studies in which the proposed methodology proved to be successful, achieving renewal schemes both profitable and hydraulically optimum.

  14. Optimal investment horizons

    Science.gov (United States)

    Simonsen, I.; Jensen, M. H.; Johansen, A.

    2002-06-01

    In stochastic finance, one traditionally considers the return as a competitive measure of an asset, i.e., the profit generated by that asset after some fixed time span Δt, say one week or one year. This measures how well (or how bad) the asset performs over that given period of time. It has been established that the distribution of returns exhibits ``fat tails'' indicating that large returns occur more frequently than what is expected from standard Gaussian stochastic processes [1-3]. Instead of estimating this ``fat tail'' distribution of returns, we propose here an alternative approach, which is outlined by addressing the following question: What is the smallest time interval needed for an asset to cross a fixed return level of say 10%? For a particular asset, we refer to this time as the investment horizon and the corresponding distribution as the investment horizon distribution. This latter distribution complements that of returns and provides new and possibly crucial information for portfolio design and risk-management, as well as for pricing of more exotic options. By considering historical financial data, exemplified by the Dow Jones Industrial Average, we obtain a novel set of probability distributions for the investment horizons which can be used to estimate the optimal investment horizon for a stock or a future contract.

  15. Beyond the Investment Narrative

    Science.gov (United States)

    Moss, Peter

    2013-01-01

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

  16. Sudan Investment Climate Assessment

    OpenAIRE

    World Bank

    2009-01-01

    This report on Sudan's Investment Climate Assessment (ICA) provides a baseline assessment of challenges to productivity, diversification and inclusion. Chapter 1 describes some of the questions underlying the three issues of competitiveness, diversification and broad-based growth. Chapter 2 analyzes firm performance and competitiveness. Chapter 3 discusses markets and trust. Chapter 4 des...

  17. Investing in Youth: Brazil

    Science.gov (United States)

    OECD Publishing, 2014

    2014-01-01

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

  18. Investments secure supply security

    International Nuclear Information System (INIS)

    Van Baarle, D.

    2006-01-01

    In order to guarantee the supply of energy considerable investment must be made to improve the infrastructure (e.g. capacity for LNG-transport and -storage) and ties with the natural gas supplier in the Russian Federation must be intensified [nl

  19. Energy Investment: Beyond Competence

    Science.gov (United States)

    Tosti, Donald T.; Amarant, John

    2005-01-01

    People vary considerably in their work performance as well as their overall approach to work. At one extreme are the outstanding performers, who approach work with enthusiasm and energy, and, at the other extreme, are those who seem to do only what is necessary to get by. Organizatins often invest a good deal of energy in trying to improve the…

  20. Inflation Protected Investment Strategies

    Directory of Open Access Journals (Sweden)

    Mirco Mahlstedt

    2016-03-01

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

  1. Investing in Youth: Latvia

    Science.gov (United States)

    OECD Publishing, 2015

    2015-01-01

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

  2. Investing in Youth: Lithuania

    Science.gov (United States)

    OECD Publishing, 2016

    2016-01-01

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

  3. Investing in Diamonds

    NARCIS (Netherlands)

    Renneboog, Luc

    2015-01-01

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

  4. Assystem valorizes the investments

    International Nuclear Information System (INIS)

    Anon.

    1995-01-01

    Assystem is a group of 60 contractor societies which ensures conception and dismantling of plants as well as a more complete valorization of industrial investment as controlling the production and information systems of the industries. Different examples of prestations proposed by Assystem are given. (O.L.). 3 figs

  5. Investments into education

    DEFF Research Database (Denmark)

    Kirchsteiger, Georg; Sebald, Alexander Christopher

    2006-01-01

    groups with differing human capital and welfare levels. Depending on the parameters of the model, a temporary or permanent public investment into human capital formation is needed to overcome steady states with low human capital and welfare levels. Furthermore, even the best steady state is suboptimal...

  6. Adaptation investments and homeownership

    DEFF Research Database (Denmark)

    Hansen, Jørgen Drud; Skak, Morten

    2008-01-01

    the home through a supplementary investment. Ownership offers low costs of adaptation, but has high contract costs compared with renting. Consumers simultaneously decide housing demand and tenure, and because of the different cost structure only consumers with strong preferences for individual adaptation...

  7. Adaptation investments and homeownership

    DEFF Research Database (Denmark)

    Hansen, Jørgen Drud; Skak, Morten

    2008-01-01

    by adapting the home through a supplementary investment. Ownership offers low costs of adaptation, but has high contract costs compared with renting. Consumers simultaneously choose housing demand and tenure, and because of the different cost structure only consumers with strong preferences for individual...

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

    Directory of Open Access Journals (Sweden)

    Zhabynets Olga Yo.

    2014-02-01

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

  9. GLOBAL TRENDS OF ALTERNATIVE INVESTMENTS

    Directory of Open Access Journals (Sweden)

    Ivan LUCHIAN

    2016-08-01

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

  10. Social Impact Investment: Increasing Private Sector Investment to ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    The social impact investment market is now global in scope and it is rapidly expanding in some ... of social impact investing to address environmental, social, and economic challenges. ... New project to improve water management in the Sahel.

  11. Behaviour of older power transformers; Convivencia com transformadores de potencia envelhecidos

    Energy Technology Data Exchange (ETDEWEB)

    Mak, Jose; Bassetto Filho, Armando [Companhia Paulista de Forca e Luz (CPFL), Campinas, SP (Brazil)

    1989-12-31

    About 50% of the power transformers installed in CPFL, the light and power company of Sao Paulo State, Brazil system have been operating for more than 30 years. In a short term, it will be necessary to change these transformers, once their durability ends. In order to find a practical solution for priority in investments, and also keeping the effectiveness of the system, it was decided to investigate methods that allowed the establishment of a criteria for determining the durability of transformers 9 refs., 1 tab.

  12. Relación entre la potencia muscular de extremidades inferiores y tronco con la velocidad de salida de la bola en el swing de drive en golf

    OpenAIRE

    Lorena Torres Ronda; Joan Solé Fortó; Lisímaco Vallejo Cuéllar; Xavier Balius Matas

    2010-01-01

    A pesar del interés emergente en el acondicionamiento físico en el golf, se han llevado a cabo pocos estudios para valorar la relación entre la potencia mecánica y el rendimiento en golf. El objetivo de este estudio fue valorar si existía una correlación entre la velocidad de salida de la bola del swing de drive y la potencia muscular de extremidades inferiores y tronco, en un grupo de 8 golfistas (16,8 ± 1,4 años; 2,2 ± 1,8 Handicap; 63,1 ± 6,4 kg.; 172,7 ± 7,5 cm). El test incluyó medicione...

  13. REDES DE COMUNICACIÓN Y AUTOMATIZACIÓN DE SISTEMAS DE POTENCIA - UN PASO HACIA LA TECNOLOGÍA DE LAS REDES INTELIGENTES SMART GRIDS

    Directory of Open Access Journals (Sweden)

    Hernán Arturo Santana

    2013-01-01

    Full Text Available Con la continua aceptación en el sector eléctrico del estándar para las redes de comunicación y automatización de sistemas de potencia IEC 61850, es importante contar con un conocimiento básico, de porque es catalogado con el eslabón apropiado para la estandarización de la comunicación en los sistemas de potencia eléctrica, revisándolo desde su objetivos de creación, hasta los beneficios que aporta para poder contar en un futuro con redes inteligentes “Smart Grid”, igualmente describiendo cuales son los requerimientos funcionales con que debe contar una subestación eléctrica en el área de las telecomunicaciones para que pueda aportar a una red inteligente.

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

    NARCIS (Netherlands)

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

    2016-01-01

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

  15. Analysis and application of equivalents in power systems; Analisis y aplicacion de equivalentes en sistemas de potencia

    Energy Technology Data Exchange (ETDEWEB)

    Salinas Barrera, Humberto

    1987-09-01

    proven exhaustively with models of the Electric Power System of the Comision Federal de Electricidad with: 405 nodes, 111 generators and 613 branches, giving precise results even in the most extreme conditions, the savings of computational time go from 30 to a 50% according to the type of study made. [Spanish] El objetivo principal de esta tesis es el de presentar un modelo de reduccion de redes que pueda ser utilizado en la simulacion de diversos fenomenos que ocurren en la operacion de los Sistemas Electricos de Potencia (SEP). El trabajo muestra el desarrollo y aplicacion del equivalente en estudios de: Flujos de potencia en estado estable, estabilidad transitoria, comportamiento dinamico generalizado y comportamiento de la frecuencia simplificado. Este modelo surge como resultado de la observacion y analisis del comportamiento del SEP, separando efectos de: cargas, generaciones, red electrica y sus elementos en derivacion. El algoritmo utiliza un enfoque alterno a la presentacion tradicional de equivalentes, donde las cargas se ponderan en el proceso de eliminacion a sus nodos vecinos, basados en una reduccion vectorial de las lineas o transformadores que se involucran al nodo eliminado. De igual forma se transfieren los efectos de los elementos en derivacion. Los resultados asi obtenidos tienen un desajuste pequeno en potencia reactiva por lo que es necesario compensar el caso base reducido. La compensacion solo es necesaria en los nodos que fueron vecinos a uno eliminado durante el proceso y esta compensacion se hace considerando las ramas que finalmente resultaron conectadas a dicho nodo. El algoritmo utiliza los voltajes obtenidos en el caso base original para calcular las potencias complejas de salida de cada una de las ramas que conectan al nodo que se compensa. Las sumatorias de potencias resultantes son los ajustes al caso base reducido. El modelo de equivalentes propuesto permite el analisis de contingencias en puntos donde los equivalentes tradicionales no

  16. Socially Responsible Investing

    DEFF Research Database (Denmark)

    Parisi, Cristiana; Stang, Andreas

    This paper analyzes the Scandinavian market for Socially Responsible Investing (SRI) mutual funds in order to determine the returns from discriminatory investment decision compared to the return from conventional portfolios. The analysis is conducted on 642 Scandinavian equity mutual funds...... counterparts. In the case of Norway no statistical difference in return is found when conducting the three factor regression. The Scandinavian market is considered particularly relevant for the interest of the investors in SRI mutual funds. However, to the authors’ knowledge, this is the first study to present....... The methodology adopts the Sharpe ratio to establish the risk return relationship. Moreover, the Capital Asset Pricing Model (CAPM) and the Fama and French Three Factor model are used to test the hypotheses. The results indicate the underperformance of Swedish and Danish SRI funds relative to their conventional...

  17. Investment Opportunities & Job Information

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

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

  18. BUSINESS ANGELS AND INVESTMENTS

    Directory of Open Access Journals (Sweden)

    CLAUDIA ISAC

    2015-12-01

    Full Text Available In this paper we have synthesized a part of legislative and conceptual elements linked to a new model of investors which is increasingly publicized in Romania, business angels. In the first part of the paper we have presented theoretical notions related to the concept of investments and to the importance of the investment decision at managerial level. Modern investments regarding, in particular, the launch of some products and services as well as the start-up of companies are dependent on the source of funding that can take many forms, one of them being that of business angels. Thus, the legislative framework in Romania represents an opportunity not only for those looking for sources of financing but also for investors seeking more flexible and more advantageous ways to place capital. Thus, at the end of the paper we have tried to reveal the main fiscal facilities from EU member countries in order to be studied by any business angel and the most important organizations offering information on the business angels’ portfolio.

  19. Adjusting of the power-factor correction. Technical, economic and financial implications; Calculo de correccion del factor de potencia. Implicaciones tecnicas, economicas y financieras

    Energy Technology Data Exchange (ETDEWEB)

    Eficiencia Energetica aplicada (Energiza) [Ciudad Juarez, Chihuahua (Mexico)

    2005-07-01

    A power-factor is a device formed by a dielectric set and electrodes within a container with terminals, able to contribute with capacitance to an electrical circuit, such as: transformers, induction motors, regulators, air conditioning, welding machines, induction furnaces and ballasts. This document also tells us about the location of capacitors in their system, the electrical conductor, the monthly consumption electricity bill, of the benefits when adjusting the power-factor, the liberation of power of the transformer, the reduction of current in feeders, the reduction of losses in feeders, the diminution of the tension fall and the approximate average sale price. [Spanish] Un factor de potencia es un dispositivo formado por un conjunto de dielectrico y electrodos dentro de un recipiente con terminales, capaz de aportar capacitancia a un circuito electrico, como lo son: transformadores, motores de induccion, reguladores, aire acondicionado, maquinas soldadoras, hornos de induccion y balastros. Este documento tambien nos habla acerca de la localizacion de capacitores en su sistema, del conductor electrico, del recibo de consumo mensual de energia, de los beneficios al corregir factor de potencia, la liberacion de potencia del transformador, la reduccion de corriente en alimentadores, la reduccion de perdidas en alimentadores, la disminucion de la caida de tension y el precio de venta promedio aproximado.

  20. Relación entre potencia máxima, fuerza máxima, salto vertical y sprint de 30 metros en atletas cuatrocentistas de alto rendimiento

    Directory of Open Access Journals (Sweden)

    Carlos Balsalobre-Fernández

    2012-06-01

    Full Text Available Mediante un diseño ex post facto y valiéndose de una muestra de catorce atletas cuatrocentistas de alto rendimiento, entre los que se encuentran diferentes medallistas nacionales del Estado Español, este estudio hace tres aportaciones: la primera, describe la fuerza de extremidades inferiores de este colectivo y su capacidad de aceleración en 30 metros; la segunda, informa de la relación de covariación entre, por una parte, la variable potencia y, por otra, la fuerza máxima, la fuerza explosiva y la capacidad de aceleración, encontrándose correlaciones significativas con valores entre 0,60 y 0,81; y la tercera, se demuestra que la potencia máxima de estos deportistas se encuentra entre el 50 % y el 70 % de su Repetición Máxima en media sentadilla. Asimismo, se discuten los resultados y se argumenta que el entrenamiento de la fuerza es una condición necesaria para mejorar el rendimiento deportivo de alto nivel, postulando que los datos sobre potencia máxima encontrados en este estudio ayudarán a técnicos y deportistas a planificar sus cargas óptimas de entrenamiento.

  1. A maximum power point tracker for photovoltaic system using a PIC microcontroller; Controlador de potencia maxima para sistemas fotovoltaicos (SFVs) utilizando un microcontrolador PIC

    Energy Technology Data Exchange (ETDEWEB)

    Guzman, Eusebio; Mendoza, Victor X; Carrillo, Jose J . A; Galarza, Cristian [Universidad Autonoma Metropolitana, Mexico, D.F. (Mexico)

    2000-07-01

    A maximum power point tracker MPPT for photovoltaic systems is presented. The equipment can output up to 600 W and its control signals are generated by a PIC microcontroller. The principle of control is based on current and voltage sampling at the output terminals of the photovoltaic generator. From power comparison of two consecutive samples, it is possible to know how far from the optimal point the system is working. Output voltage control is used to force the system to work within the optimal area of operation. The microcontroller program sequence, the DC/DC converter structure and the most relevant results are shown. [Spanish] En este trabajo se presenta el desarrollo de un controlador de potencia maxima para su aplicacion en sistemas fotovoltaicos (SFVs). El diseno alcanza una potencia de 600 W y sus senales de control son generadas con un controlador PIC. El principio de control se basa en el muestreo de la corriente y la tension en las terminadas del generador fotovoltaico GFV. De dos muestreos consecutivos, y por comparacion de las potencias, se determina que tan alejado del punto optimo opera el sistema. La operacion del sistema dentro de la zona de funcionamiento optimo se asegura mediante un control por tension. Se muestra la secuencia de programacion del microcontrolador, la estructura del convertidor CD/CD empleado y algunos resultados relevantes.

  2. RISKS IN INVESTMENT AND MANAGEMENT

    Directory of Open Access Journals (Sweden)

    Ms. Tatiana A. Ykovleva

    2016-12-01

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

  3. A basic guide to investing.

    Science.gov (United States)

    Smith, Michael C

    2006-03-01

    Today's investors have many choices. From seemingly simple investments, such as stocks, bonds and cash, to more complicated option strategies, there is a dizzying array of investment vehicles that can leave even the most seasoned investor a bit confused. In discussions with our clients, one common thread is the desire to learn more about the various types of investments available. Following is a basic guide to the most common investments and the risks inherent in those choices.

  4. From green investments to ecotax

    International Nuclear Information System (INIS)

    Stam, B.

    1996-01-01

    Since 1991 several fiscal regulations are in effect for businesses, energy companies and civilians to invest in environmental and renewable projects. Although those so-called 'green investment' options are a great success, there is another, less positive, side to that success. Characteristics, advantages and disadvantages of several fiscal tools to invest in renewable energy are briefly discussed

  5. Chinese investments in the EU

    NARCIS (Netherlands)

    Ebbers, H.A.; Zhang, J.

    2010-01-01

    China’s investments in the European Union are much lower than what you may expect given the economic size of both entities. These relatively low investments in Europe are a combination of priority and obstacles. The priority for investments is clearly in Asia, Africa and Latin America. This regional

  6. Crisis will impact investments

    International Nuclear Information System (INIS)

    Anon.

    2008-01-01

    This paper summarizes the content of Capgemini's 10. European Energy Markets Observatory (EEMO) report. The EEMO is an annual report that tracks the progress in establishing an open and competitive electricity and gas market in the 27 European countries, including Norway and Switzerland. This tenth edition is based on 2007 and winter 2007-2008 data sets. A 1 trillion euros infrastructure investment is required to build the plants, electrical lines and gas pipelines needed in Europe over the next 25 years. Although today's credit crunch could severely hurt the investment cycle, analysts also anticipate a difficult period for the European energy markets once the recession is over. The report said that Europe has yet to solve the related issues of responding to its energy demand, while curbing its carbon dioxide (CO 2 ) emissions. In 2007, even at a slower pace than previous years, analysts said European electricity consumption still increased by 0.9% and CO 2 emissions stabilized, instead of decreasing. Despite the mild weather, the electricity security of supply deteriorated, analysts said. The Union for the Coordination of Transmission of Electricity (UCTE) real margin - which takes into account non-usable and unavailable generation capacities - dropped from 7.6% in 2006 to 5.3% in 2007. Analysts said without a significant and vigorous investment program in electricity and gas infrastructures, Europe's energy supply security will be threatened. Since the low point in 2005, utilities started to invest again, but have made energy mix choices that are not moving toward a reduction in CO 2 emissions as the majority (58%) of the planned generation capacities will be fossil-fueled. In 2007, investments in renewable capacities grew fast, wind being the industry's preference, with an addition of 8.3 gigawatt (GW) renewables in Europe. However, analysts said this type of 'non-scheduable' source is not always available during peak hours. This partially explains the security

  7. Greenland and Chinese outbound investments

    DEFF Research Database (Denmark)

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

    2017-01-01

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

  8. [Several problems concerning population investment].

    Science.gov (United States)

    Liu, Z

    1982-07-29

    Population investment is a major topic in the studies of population and economic relations. In this particular area, numerous theoretical and practical problems are still in need of solution. Concerning the problem of population concept, there are three different approaches: (1) to determine the definition of population investment from the relationship between the population growth and the capital from national income used for investment, including investment in the newly increased population and investment in the entire population; (2) to explain population investment from the economic viewpoint that people are producers; and (3) to explain population investment from the expense needed to change a simple labor force to a skillful labor force. The expenses include educational costs, maintanance spending, wages needed to compensate workers in labor, costs for workers to master and learn modern scientific techniques to be used for production, and the costs of keeping a young labor force in the next generation.

  9. Investment behaviour in the Nordic power market; Investeringsadferd i det nordiske kraftmarkedet

    Energy Technology Data Exchange (ETDEWEB)

    Ingeberg, K; Johannessen, A

    1995-11-15

    This report is the result of a preliminary project which defines the frames for an application for a main project within the research programme EFFEKT. The composition, extent and time for new investments in the Nordic power market will have decisive influence on the profits of Norwegian water power resources in the future. At the same time the process around investments is very complex and is affected by economic, technological and political conditions. The report examines important prime movers for new investments and how the investment behaviour in the Nordic power market can be analysed in a main project. 25 refs., 1 figure

  10. Investment for the future

    International Nuclear Information System (INIS)

    Sprigarde, G.

    1994-01-01

    In view of the increasing requirements concerning availability and safety of power plants, their economical operation and the environmental protection and safeguarding of resources, the new process control system ''Teleperm XP'' for power plants has been developed. A modern and purposeful system architecture, together with the use of the most innovative standards of hardware and software, makes it possible to maintain the short innovation cycles in microelectronics, and thus to secure investments for the future during the entire lifetime of a power station. (orig.) [de

  11. Gas trade and investments

    International Nuclear Information System (INIS)

    Chabrelie, M.F.

    2000-01-01

    The WOC 9 workshop of the CMG 2000 world gas congress was devoted to gas projects and economics. One round table chaired by G. Bouchard (Gaz de France) and T.H. Thorn (Enron) was devoted to the commercial and financial challenges the gas industry will have to face in the context of inter-region markets and investments. This article summarizes the discussion that took place during this round table: towards a progressive un-partitioning of regional markets, the strategic changes in the European gas market, the LNG industry: new actors and new markets, the gas producers at the crossroads. (J.S.)

  12. VALUATION AND INVESTMENT PROFESSION

    Directory of Open Access Journals (Sweden)

    Lidija Dedi

    2013-06-01

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

  13. Enfoque “Aprendizaje Basado en Proyectos” para enseñar sistemas de potencia de gas y vapor

    Directory of Open Access Journals (Sweden)

    Asier Aranzábal

    2014-12-01

    Full Text Available El objetivo de este trabajo es presentar la experiencia y los resultados derivados de la aplicación del método Aprendizaje Basado en Proyectos (PBL en la asignatura Termotecnia de la Titulación de Ingeniería Química de la Universidad del País Vasco/Euskal Herriko Unibertsitatea, para aprender sistemas de potencia de gas y vapor. Tras un análisis crítico de los resultados académicos de los alumnos que aprenden estos sistemas, se observa que la estrategia de enseñanza-aprendizaje tradicional, basada en clases “magistrales + clases de aplicación en una lista de ejercicios (totalmente acotados y con una solución única, estaba fallando. Ante esta situación se plantea un enfoque constructivista centrado en el alumno para que él mismo construya su aprendizaje activa y cooperativamente, y no escuchando clases magistrales, ni memorizando.

  14. Modal analysis of electromechanical oscillations in electrical power systems; Analisis modal de oscilaciones electromecanicas en sistemas electricos de potencia

    Energy Technology Data Exchange (ETDEWEB)

    Calderon-Guizar, J.G [Instituto de Investigaciones Electricas, Cuernavaca, Morelos (Mexico)]. E-mail: jgcg@iie.org.mx

    2008-10-15

    The presence of electromechanical oscillations in any electrical power system is a typical characteristic of this kind of systems. Provided the damping associated with these oscillations lies above of a minimum specified value, the occurrence of these oscillations is not considered as a threat to the system operation. This paper focuses the attention on the application of modal analysis for assessing the dynamical behavior of a power system subjected to small disturbances for different operating conditions and transmission system topologies, as well. The reported results indicate, that modal analysis enables a straight identification of the causes that contribute negatively to the damping of the electromechanical modes. [Spanish] La presencia de oscilaciones electromecanicas en cualquier Sistema Electrico de Potencia (SEP) es una caracteristica propia de estos sistemas. Mientras el amortiguamiento asociado con este tipo de oscilaciones se encuentre dentro de los limites considerados como aceptables para la operacion continua de este tipo de sistemas, el surgimiento de estas no se considera una amenaza para la operacion segura del SEP. El presente articulo, centra su atencion en la aplicacion del analisis modal para evaluar el comportamiento dinamico de un SEP ante la ocurrencia de disturbios de magnitud pequena para diferentes topologias y condiciones de operacion. Los resultados reportados indican, que la aplicacion del analisis modal permite la identificacion directa de las causas que contribuyen en forma negativa al amortiguamiento asociado con los modos electromecanicos, asi como la ubicacion mas adecuada de controles que contribuyan a mejorar el amortiguamiento de los mismos.

  15. Hacia un nuevo entorno de aprendizaje en la Electrónica de Potencia: de lo virtual a lo personal

    Directory of Open Access Journals (Sweden)

    F. D. Trujillo .

    2016-01-01

    Full Text Available La llegada del Espacio Europeo de Educación Superior conlleva importantes cambios en el proceso de enseñanza/aprendizaje: es conveniente involucrar de forma más efectiva a los alumnos así como promover su independencia y participación activa en este proceso. Este nuevo marco engloba el aumento en el desarrollo y utilización de las Nuevas Tecnologías de la Información y la Comunicación en el campo de la educación y el análisis del resultado académico de los estudiantes. Se describe, a continuación, la implementación de un nuevo entorno de aprendizaje para Electrónica de Potencia. Para evaluar las ventajas e inconvenientes de este nuevo entorno y el cumplimiento de los objetivos, se han diseñado diversos cuestionarios para los estudiantes. Los resultados obtenidos demuestran los beneficios en el uso del nuevo entorno de aprendizaje y un importante aumento en la motivación de los alumnos.

  16. Procedimiento de diseño para minimizar el consumo de potencia y los retrasos en WSAN

    Directory of Open Access Journals (Sweden)

    Diego Martínez

    2010-07-01

    Full Text Available Resumen: Actualmente existe un gran interés por el desarrollo de aplicaciones industriales utilizando redes inalámbricas, principalmente por el aumento de la flexibilidad del sistema y la disminución de los costos de implementación. Sin embargo, los retrasos y el jitter que introduce la red de comunicaciones en las aplicaciones de control, han dado lugar a que en algunos casos no se obtenga una buena correspondencia entre los resultados experimentales y los objetivos de control propuestos, esto como consecuencia del uso de modelos imprecisos para analizar y diseñar estos sistemas, métodos de validación poco elaborados y plataformas que no soportan los modelos empleados. En este trabajo se presenta un procedimiento de diseño que permite encontrar un modo de funcionamiento óptimo del sistema, que garantiza el cumplimiento de los plazos de tiempo de las aplicaciones, y minimiza el consumo de potencia y los retrasos. Palabras clave: Sistemas de tiempo real, Redes de sensores y actuadores inalámbricas, Sistemas embebidos, Monitorización y control en tiempo real

  17. GENERACIÓN EÓLICA EMPLEANDO DISTINTOS TIPOS DE GENERADORES CONSIDERANDO SU IMPACTO EN EL SISTEMA DE POTENCIA

    Directory of Open Access Journals (Sweden)

    JUAN MANUEL GIMENEZ ALVAREZ

    2011-01-01

    Full Text Available Entre las fuentes de energías alternativas renovables, la más empleada es la eólica debido a que es competitiva desde el punto de vista de los costos y en general sus permisos para la construcción se obtienen más fácilmente. Sin embargo, a pesar de sus ventajas, el aprovechamiento del viento presenta también desventajas siendo las más serias desde el punto de vista de la ingeniería el rendimiento energético de los generadores y el impacto eléctrico perturbador que los parques eólicos provocan sobre el sistema de potencia, particularmente sobre la calidad del producto. La mejora en una de las limitaciones puede afectar negativamente a la otra, por lo que la solución debe hallarse de ambas problemáticas en forma conjunta. Dado este inconveniente planteado, se considera de importancia fundamental el estudio analítico de los esquemas de funcionamiento de los generadores eólicos, a fin de concluir cuales son los que producen la mayor transferencia de energía, mejorando el aprovechamiento del viento y considerando su impacto desde el punto de vista eléctrico.

  18. Preliminary risk assessments of the small HTGR

    International Nuclear Information System (INIS)

    Everline, C.J.; Bellis, E.A.

    1985-05-01

    Preliminary investment and safety risk assessments were performed for a preconceptual design of a four-module 250-MW(t) side-by-side steel-vessel pebble bed HTGR plant. Broad event spectra were analyzed involving component damage resulting in unscheduled plant outages and fission product releases resulting in offsite doses. The preliminary assessment indicates at this stage of the design that two categories of events govern the investment risk envelope: primary coolant leaks which release some circulating and plate-out activity that contaminates the confinement and turbogenerator damage which involves extensive turbine blade failure. Primary coolant leaks are important contributors because associated cleanup and decontamination requirements result in longer outages that arise from other events with comparable frequencies. Turbogenerator damage is the salient low-frequency investment risk accident due to the relatively long outages being experienced in the industry. Thermal transients are unimportant investment risk contributors because pressurized core heatups cause little damage, and depressurized core heatups occur at negligible frequencies relative to the forced outage goal. These preliminary results demonstrate investment and safety risk goal compliance at this stage in the design process. Studies are continuing in order to provide valuable insights into risk-significant events to assure a balanced approach to meeting user and regulatory requirements

  19. The Good Investment.

    Science.gov (United States)

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

    2017-07-01

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

  20. Offshore Investment Funds

    Directory of Open Access Journals (Sweden)

    Shang-Jin Wei

    1999-12-01

    Full Text Available Offshore investment funds are alleged to have engaged in trading behavior that is different from their onshore counterparts because they may be subject to less supervision and regulation. In particular, they may trade more intensely. They could also pursue more aggressively certain trading strategies such as positive feedback trading or herding that could contribute to a greater volatility in the market. Using a unique data set, this chapter compares the trading behavior in the Korean stock market between offshore investment funds with their onshore counterparts registered in the US and UK. There are a number of interesting findings. First, there is indeed evidence suggesting that the offshore funds trade more intensely than their onshore counterparts. Second, however, there is no evidence that the offshore funds engage in positive feedback trading. In contrast, there is strong evidence that the funds from the U.S. and U.K. do. Third, while offshore funds do herd, they do so far less than onshore funds in the U.S. or UK. Fourth, offshore funds hold less glamour stocks (e.g. stocks with high P/E in their portfolio than funds in the U.S. or U.K. do. Moreover, flight to glamour stocks during the in-crisis period is less evident in the case of offshore funds. In sum, offshore funds are no especially worrisome monsters.

  1. Commodities and Stock Investment

    Directory of Open Access Journals (Sweden)

    Syed Jawad Hussain Shahzad

    2014-09-01

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

  2. GREEN INVESTMENT: A STRATEGY FOR SUSTAINABLE ECONOMIC GROWTH AND INVESTMENT

    Directory of Open Access Journals (Sweden)

    Jaya Shukla

    2014-01-01

    Full Text Available Sustainable economic development has become an important area of concern due to climatic change with its long term effects. Climatic change has posed several challenges for economic sustainability of economies. Now major development projects have to comply with international environmental norms. Failure to do so may result in the delay of a project, fines including penalties for environmental damage or charges for remedial action, that affect the viability of a project or the value of any security taken. This paper investigates with help of secondary date using descriptive statistical technique opportunities and challenges of green investment. Here it is developed into suitable model for developing economies for successfully adopting green investment without much cost to their economies. The paper concludes that green investment involving direct investment and portfolio investment in firms adopting and following environmental protection norms will lead to sustainable growth and investment for economy.

  3. Multilateral negotiations in foreign investment

    Directory of Open Access Journals (Sweden)

    David Orlando Ruiz Castro

    2016-04-01

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

  4. Ranking independent timber investments by alternative investment criteria

    Science.gov (United States)

    Thomas J. Mills; Gary E. Dixon

    1982-01-01

    A sample of 231 independent timber investments were ranked by internal rate of return, present net worth per acre and the benefit cost ratio—the last two discounted by 3, 6.4. 7.5. and 10 percent—to determine if the different criteria had a practical influence on timber investment ranking. The samples in this study were drawn from a group of timber investments...

  5. 13 CFR 301.4 - Investment rates.

    Science.gov (United States)

    2010-01-01

    ... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false Investment rates. 301.4 Section... ELIGIBILITY, INVESTMENT RATE AND PROPOSAL AND APPLICATION REQUIREMENTS Investment Rates and Matching Share Requirements § 301.4 Investment rates. (a) Minimum Investment Rate. There is no minimum Investment Rate for a...

  6. Grandparental investment: The influence of reproductive timing and family size.

    Science.gov (United States)

    Coall, David A; Meier, Marc; Hertwig, Ralph; Wänke, Michaela; Höpflinger, François

    2009-01-01

    The influence that grandparents have on the life history traits of their descendants has been studied extensively. However, no attention has been paid to the potential influence a grandparent's own reproductive history has on the investment they make in their grandchildren. We use data from 658 Swiss grandchildren and 591 of their grandparents to investigate whether grandparents' reproductive scheduling and family size influence the amount of investment grandparents make in a focal grandchild (shared contacts, occasions to meet, activities, discussions, interests, and important roles the grandparent plays). Grandparents who were younger when they had their first child had more children and grandchildren; this relationship strengthened after controlling for grandparental age, sex, lineage, and education (all P children or grandchildren was associated with reduced levels of grandparental investment. After adjustment for a wide range of factors known to influence investment, having more children or grandchildren and having a first child or grandchild at a younger age were associated with reduced investment in 14 of 24 analyses (all P family size. Interestingly, these relationships were only present in data reported from the grandchild's point of view, not the grandparent's. This analysis provides preliminary evidence that grandparents' reproductive strategies have consequences for the amount of investment they make in their grandchildren. These results are examined in terms of the trade-offs between current and future reproduction and offspring quality and quantity. 2009 Wiley-Liss, Inc.

  7. Total and EDF invest

    International Nuclear Information System (INIS)

    Signoret, St.

    2008-01-01

    So as to prepare the future of their industrial sector,the Total company plans to invest (14 billion Euros in 2008) to increase its production capacities and strengthen in of other activities as the liquefied natural gas and the renewable energies; EDF plans to inject 35 billion Euros over three years to multiply the new projects of power plants (wind turbines, coal in Germany, gas in Great Britain and nuclear power in Flamanville). EDF wants to exploit its knowledge of leader to run more than ten E.P.R.(European pressurized water reactor) in the world before 2020, projects are in examination with China, Great Britain, South Africa and United States. (N.C.)

  8. Investments in power generation

    International Nuclear Information System (INIS)

    2000-01-01

    The power consumption in the common Nordic power market continues to grow. All potential production technologies entail more or less reduction in quality of the environment. This gives each of the Nordic countries incentives to limit the development of capacity and base themselves increasingly on import, which means that other countries take the political burden with the environmental issues (''free rider problem''). The uncertainty about the climate problem may make it rational to postpone investments which are expensive to reverse, like gas power. If the decisions are delayed too long, however, considerable socio-economic costs may accumulate because the price of electricity becomes too high. The present regulations of the environmental concerns in connection with the granting of concession are expensive and unpredictable and put society unnecessarily to expense

  9. Socially responsible investments

    CERN Multimedia

    Antonella Del Rosso

    2012-01-01

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

  10. Greater oil investment opportunities

    International Nuclear Information System (INIS)

    Arenas, Ismael Enrique

    1997-01-01

    Geologically speaking, Colombia is a very attractive country for the world oil community. According to this philosophy new and important steps are being taken to reinforce the oil sector: Expansion of the exploratory frontier by including a larger number of sedimentary areas, and the adoption of innovative contracting instruments. Colombia has to offer, Greater economic incentives for the exploration of new areas to expand the exploratory frontier, stimulation of exploration in areas with prospectivity for small fields. Companies may offer Ecopetrol a participation in production over and above royalties, without it's participating in the investments and costs of these fields, more favorable conditions for natural gas seeking projects, in comparison with those governing the terms for oil

  11. Keynes, investment, unemployment and expectations

    OpenAIRE

    Smith, Ron P.; Zoega, Gylfi

    2009-01-01

    In Keynes' General Theory, investment determines effective demand, which determines unemployment and the labour market plays a negligible role. In New Keynesian models, labour market institutions determine the natural rate of unemployment and the speed at which unemployment adjusts to it. Investment is mostly ignored as a key variable behind the problem of high unemployment, despite a strong empirical association between investment and unemployment. We discuss the evolution of the 'Keynesian'...

  12. Low power cogeneration prototype system; Prototipo de sistema de co-geracao de pequena potencia

    Energy Technology Data Exchange (ETDEWEB)

    Santos, Sara M.; Martins, Jose A.S.; Camara, Paulo R.; Cortes, Breno P.; Neves, Elierton E. [Centro de Tecnologias do Gas (CTGAS), Natal, RN (Brazil); F. Filho, Roberto; Campos, Michel F. [PETROBRAS, Rio de Janeiro, RJ (Brazil)

    2004-07-01

    The fuels from oil and natural gas play an important role, not only in the sector of primary energy, but also in almost all the other sectors of the economy, due to its imbrication as insum of these. The use of the natural gas will have great expansion in Brazil, motivated for the Government decision to increase the participation of this fuel in the Brazilian energy matrix from 4% to 12% up to 2010. Then, it's so important the investment in new technologies and also the improvement. In order to reach the objective related to increase the consumption of natural gas in the energy matrix, and to propose solutions to attend the electric requirements, of heat and refrigeration, using natural gas as primary power plant, the Center of Gas Technologies; CTGAS, in partnership with PETROBRAS and the Fockink Group, has developed the first modular system of generation and co-generation of energy by natural gas of low power, of easy installation and shipment with the characteristics techniques to take care of to companies or industrial sectors that consummate this band of power. The equipment generates 35 kW/55 kVA of electric energy, 7TR (Ton of Refrigeration) of energy for refrigeration and posses the ability to heat 2200 l/h of water in the temperature of 85 deg C. The equipment will be able to produce electric and thermal energy simultaneously, from an only fuel, the natural gas. The main objective of this work is to present the main phases of development of the archetype, functions techniques of the co-generator and its field of performance in the market of systems for generation and co-generation of energy by natural gas of low power. (author)

  13. Green investment: Trends and determinants

    International Nuclear Information System (INIS)

    Eyraud, Luc; Clements, Benedict; Wane, Abdoul

    2013-01-01

    This paper fills a gap in the macroeconomic literature on renewable sources of energy. It offers a definition of green investment and analyzes the trends and determinants of this investment over the last decade for 35 advanced and emerging countries. We use a new multi-country historical dataset and find that green investment has become a key driver of the energy sector and that its rapid growth is now mostly driven by China. Our econometric results suggest that green investment is boosted by economic growth, a sound financial system conducive to low interest rates, and high fuel prices. We also find that some policy interventions, such as the introduction of carbon pricing schemes or “feed-in-tariffs,” which require use of “green” energy, have a positive and significant impact on green investment. Other interventions, such as biofuel support, do not appear to be associated with higher green investment. - Highlights: • We offer a definition of green investment and review its trend since 2000. • We analyze its determinants from both theoretical and empirical perspectives. • Green investment is boosted by economic growth, interest rates, and fuel prices. • Feed-in-tariffs and carbon pricing schemes impact positively green investment

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

    NARCIS (Netherlands)

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

    2009-01-01

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

  15. Energía Azul: generación de potencia a través de la Ósmosis por Presión Retardada (PRO

    Directory of Open Access Journals (Sweden)

    Carlos Esteban Aristizabal Alzate

    2018-02-01

    Full Text Available La emisión de gases efecto invernadero, causadas por el uso de combustibles fósiles y el crecimiento exponencial de la humanidad, vuelca los esfuerzos hacia la búsqueda de fuentes de energía limpia y sostenible, que satisfagan las necesidades energéticas actuales y futuras. Por lo que es imperativo, investigar y desarrollar tecnologías que aprovechen las energías renovables, una de ellas es la Ósmosis por Presión Retardada (PRO, proceso que aprovecha el gradiente de salinidad entre dos soluciones para generar electricidad, ya que la mezcla de una solución salina de concentración alta con agua fresca disipa más de 2,2 MJ/m3 de agua dulce tratada. A escala industrial, se podría aprovechar la diferencia de salinidad entre ríos y mares, cerca de los estuarios. La aplicación, viabilidad y eficiencia del proceso y la tecnología PRO, dependen de las características de la membrana semipermeable, como la potencia por unidad de área, y las propiedades fisicoquímicas y de superficie de esta. En la actualidad, se utilizan membranas de acetato de celulosa, las cuales dan potencias (1W/m2. Sin embargo, se está investigando con membranas de materiales compuestos, como, por ejemplo, las basadas en grafeno, las cuales permiten un mayor flujo de agua y potencias superiores a 5 W/m2.

  16. El aprendizaje bajo incertidumbre aplicado al mantenimiento de interruptores de potencia; Machine learning applied to the maintenance in high voltage breaker

    Directory of Open Access Journals (Sweden)

    Israel Gondres Torné

    2014-06-01

    Full Text Available La gestión del mantenimiento en las subestaciones eléctricas, así como en los interruptores de potencia ha evolucionado en el transcurso de los años de acuerdo a los equipos de medición de parámetros eléctricos y a las filosofías de mantenimiento mundial. El presente trabajo trata dichos avances desde una visión diferente, se utiliza la inteligencia artificial, específicamente el aprendizaje bajo incertidumbre para la toma de decisiones en la planificación del mantenimiento a los interruptores de potencia de una subestación. Se determina el índice de deterioro, los coeficientes de importancia del deterioro de cada tipo y del elemento del interruptor con la ayuda de los expertos. Posteriormente se obtienen los índices de membresías con los procesos correspondientes para la fusificación y defusificación; finalmente se realiza la evaluación de las reglas y defusificación para el tiempo de mantenimiento, implementando dicho método en diferentes interruptores de potencia. The maintenance management in electrical substations over the years has evolved according to the measurement equipment and the electrical parameters of global maintenance philosophies, and in particular the high voltage breakers have not been left behind. This paper is such advances from a different vision, artificial intelligence, specifically machine learning for decision-making in planning maintenance high voltage breaker sused in a substation. It determines the rate of deterioration, the coefficients of importance of each type of the deterioration and the high voltage breaker element with the help of experts. Subsequently are obtained the membership rates with the corresponding processes for fuzzification and defuzzification; finally the rule evaluation and defuzzification for the time maintenance is performed, the method is appliance in different high voltage breakers.

  17. Desarrollo de la potencia aeróbica con dos diferentes métodos de entrenamiento en alumnos del polimodal

    OpenAIRE

    Díaz, Miguel Ángel

    2009-01-01

    El propósito del trabajo es determinar si dos estímulos semanales durante 6 semanas, utilizando 2 diferentes métodos de entrenamiento de resistencia, desarrollan la potencia aeróbica en jóvenes varones de 16 y 17 años que cursan el polimodal. Los Criterios de exclusión fueron, edad, practicar deporte (cíclicos o acíclicos) de manera federada o padecer alguna enfermedad cardiovascular, diabetes o asma. Se dividió la muestra en dos grupos experimentales de 30 sujetos y un grupo control de 20. C...

  18. Impacto de los ultrasonidos de potencia en la calidad de vegetales y frutas durante el proceso de deshidratación

    OpenAIRE

    Gamboa Santos, Juliana

    2013-01-01

    [ES]: En la presente Tesis se ha estudiado la influencia de los ultrasonidos (US) de potencia en el proceso de deshidratación de vegetales y frutas, tanto en el pre-tratamiento como en el secado, empleándose diversos parámetros de calidad. Los indicadores químicos seleccionados han sido las enzimas peroxidasa y pectinmetilesterasa, la vitamina C, los carbohidratos, las proteínas, los polifenoles y los 2-furoilmetil aminoácidos (indicadores de las etapas iniciales de la reacción de Maillard); ...

  19. Carga óptima para el desarrollo de la potencia máxima en jóvenes tenistas durante ejercicios de media sentadilla y press banca

    OpenAIRE

    Castillo Wörner, Felipe

    2013-01-01

    Programa de doctorado: Ciencias de la actividad física, salud y rendimiento deportivo El desarrollo experimentado en el entrenamiento deportivo a través de los años nos ha llevado a implementar nuevas y diferentes estrategias metodológicas que permiten adaptar la capacidad de rendimiento a las exigencias de cada modalidad deportiva. En esta línea, nuestros esfuerzos han estado dirigidos al estudio de la potencia muscular y,más específicamente, a la identificación de una carga óptima (CO) d...

  20. Armónicos: cálculo de la potencia reactiva para la implementación de bancos de condensadores

    OpenAIRE

    Jiménez Molano, Giovanni Oswaldo

    2008-01-01

    En el contenido de esté documento se presenta una metodología para evaluar el condensador como elemento compensador y seleccionar de manera óptima el dimensionamiento de esté dispositivo en cargas aisladas utilizando dos métodos: el primero que consiste en evaluar los postulados sobre el cálculo de la potencia reactiva analizando y comparando las teorías de mayor trascendencia como han sido las propuestas por Fryze, Budeanu y Czarnecki con respecto a otras existentes utilizadas para el diseño...

  1. Diagnosis technique for the detection of mechanical faults in power breakers; Tecnica de diagnostico para la deteccion de fallas mecanicas en interruptores de potencia

    Energy Technology Data Exchange (ETDEWEB)

    Linan, Roberto; Perez, Marciano; Estrada, J. Manuel [Instituto de Investigaciones Electricas, Cuernavaca (Mexico)

    1996-12-31

    This article reports a non-invasive diagnosis technique for the detection of mechanical faults in power breakers, supporting it with the recording and analysis of vibration signals of the equipment under test. Also, an assessment of four breakers using this technique is presented. [Espanol] En el presente articulo se reporta una tecnica de diagnostico no invasiva para detectar fallas mecanicas en interruptores de potencia, apoyandose en el registro y analisis de senales de vibracion del equipo bajo prueba. Asimismo, se presenta la evaluacion de cuatro interruptores usando esta tecnica.

  2. Diseño de un estabilizador de sistemas de potencia neuro-borroso adaptativo ajustado mediante algoritmos genéticos

    OpenAIRE

    Fraile Ardanuy, José Jesús

    2011-01-01

    Los sistemas eléctricos de potencia constituyen una de las realizaciones más complejas y sofisticadas que ha conseguido la ingeniería eléctrica. Los sistemas eléctricos se encargan de asegurar el suministro de energía conectando los centros productores con los centros de consumo, a través de un gran número de redes eléctricas. Para que el sistema funcione adecuadamente, todos los generadores deben estar interconectados entre sí de forma que se asegure el suministro eléctrico. La conexión sólo...

  3. Ajuste de Estabilizadores de Potencia en generadores utilizando el paquete Power Systems Analysis Toolbox PSAT; Setting of Power System Stabilizers based in PSAT free package calculations

    OpenAIRE

    Antonio A. Martínez García; Miriam Vilaragut Llanes; Orlys E. Torres Breffe; Maykop Pérez Martínez

    2015-01-01

    La regulación de la tensión es el modo más elemental de control de los Sistemas Eléctricos de Potencia que mejora la estabilidad y la estabilidad transitoria. La introducción de reguladores de tensión muy rápidos facilita la capacidad del sistema de generar acciones que conserven su estabilidad (incremento del torque sincronizante). No obstante, estos dispositivos disminuyen el amortiguamiento del sistema. La forma más económica de mejorar el amortiguamiento de las oscilaciones mecánicas de l...

  4. Evaluación del punto de conmutación unicast- multicast para ahorro de potencia de transmisión en redes MBMS

    Directory of Open Access Journals (Sweden)

    Raúl Tamayo Fernández

    2014-01-01

    Full Text Available La oferta de aplicaciones y servicios multimedia para terminales móviles se hace principalmente a través de las redes celulares de tercera y cuarta generación (3G/4G existentes. El envío de los datos en este tipo de redes se realiza en modo unicast, es decir, a cada usuario se le dedican recursos de radio (ancho de banda y potencia de transmisión durante toda la sesión. Esto presenta algunos inconvenientes, tales como agotamiento rápido del ancho de banda del operador móvil, alto consumo de potencia de transmisión, incremento de la interferencia, y costos altos del servicio. Los operadores móviles requieren de nuevas tecnologías que optimicen el uso de sus recursos de radio y así lograr un mayor índice de penetración de los servicios. De ahí la necesidad de cambiar de paradigma hacia un modo de transmisión en multicast o broadcast, en el que una misma señal pueda recibirse por varios usuarios simultáneamente, de tal forma que los recursos de radio se puedan compartir. Para ello, la solución técnica sobre redes celulares LTE (Long Term Evolution se dio en la especificación 3GPP Release 6, llamada Servicio Multimedia por Broadcast/Multicast (MBMS, Multimedia Broadcast Multicast Service. La especificación de MBMS permite que una transmisión cambie de modo unicast a modo multicast a partir de un “punto de conmutación”, que determina el momento de hacer el cambio para obtener un ahorro tanto en ancho de banda como en potencia de transmisión. Este artículo presenta una evaluación para determinar los puntos de conmutación de modo de transmisión óptimos en el estándar MBMS para diferentes ambientes de propagación inalámbrica. Además, dado que MBMS se puede utilizar en topologías de Red de Frecuencia Única (SFN, Single Frequency Networks, que tienen la propiedad de “ganancia de red”, también se determina el ahorro de potencia de transmisión adicional que se obtiene en esta configuración.

  5. Diagnosis technique for the detection of mechanical faults in power breakers; Tecnica de diagnostico para la deteccion de fallas mecanicas en interruptores de potencia

    Energy Technology Data Exchange (ETDEWEB)

    Linan, Roberto; Perez, Marciano; Estrada, J Manuel [Instituto de Investigaciones Electricas, Cuernavaca (Mexico)

    1997-12-31

    This article reports a non-invasive diagnosis technique for the detection of mechanical faults in power breakers, supporting it with the recording and analysis of vibration signals of the equipment under test. Also, an assessment of four breakers using this technique is presented. [Espanol] En el presente articulo se reporta una tecnica de diagnostico no invasiva para detectar fallas mecanicas en interruptores de potencia, apoyandose en el registro y analisis de senales de vibracion del equipo bajo prueba. Asimismo, se presenta la evaluacion de cuatro interruptores usando esta tecnica.

  6. Simulación de descargas atmosféricas y su efecto en redes eléctricas de potencia

    OpenAIRE

    Alvarez, Roberto; Rosales, Luis

    2012-01-01

    En este trabajo se halla una solución numérica a la Ecuación de Heaviside para simular las Descargas Parciales de origen Atmosférico, con parámetros ambientales presentes al norte del Estado Bolívar, Venezuela, que inciden en los Sistemas Eléctricos de Potencia. This paper finds a numerical solution to the Heaviside equation to simulate partial discharges of origin Atmospheric, with environmental parameters present in the north of Bolivar State, affecting the Electric Power Systems.

  7. Ecuación que obtiene con buena aproximación la suma de los primeros enteros a cualquier potencia entera positiva

    Directory of Open Access Journals (Sweden)

    Luis Manuel Montaño Zetina

    2013-12-01

    Full Text Available En este trabajo se presenta un análisis numérico para obtener un método sencillo que calcule la suma de los primeros enteros, de 1 hasta n, elevados a cualquier potencia entera k. El aspecto más importante durante el análisis fue la obtención de una expresión de sólo tres términos para calcular la suma final de manera precisa con una diferencia porcentual relativamente pequeña. Asimismo, se presenta un estudio de esta diferencia porcentual que compara la suma precisa y la exacta.

  8. Competitive Capacity Investment under Uncertainty

    NARCIS (Netherlands)

    X. Li (Xishu); R.A. Zuidwijk (Rob); M.B.M. de Koster (René); R. Dekker (Rommert)

    2016-01-01

    textabstractWe consider a long-term capacity investment problem in a competitive market under demand uncertainty. Two firms move sequentially in the competition and a firm’s capacity decision interacts with the other firm’s current and future capacity. Throughout the investment race, a firm can

  9. Foreign Investment Boosts Rural Economies.

    Science.gov (United States)

    Glasmeier, Amy; Glickman, Norman

    1990-01-01

    Through 1987, 10 percent of foreign investment was in nonmetro counties; 44 percent of this was in the South; and 38 percent of nonmetro foreign investment created new jobs (versus 17 percent in metro areas). Foreign investors chose nonmetro areas with low wages, lack of unionization history, good transportation access, and government incentives.…

  10. Private investments in new infrastructures

    NARCIS (Netherlands)

    Baarsma, B.; Poort, J.P.; Teulings, C.N.; de Nooij, M.

    2004-01-01

    The Lisbon Strategy demands large investments in transport projects, broadband networks and energy infrastructure. Despite the widely-acknowledged need for investments in new infrastructures, European and national public funds are scarce in the current economic climate. Moreover, both policy-makers

  11. Optimal Investment in Structured Bonds

    DEFF Research Database (Denmark)

    Jessen, Pernille; Jørgensen, Peter Løchte

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

  12. Investment opportunities with YPFB capitalization

    International Nuclear Information System (INIS)

    Escobar, F.

    1996-01-01

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

  13. Overseas Investment, Encouraging Long Journey

    Institute of Scientific and Technical Information of China (English)

    Janet Tang

    2010-01-01

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

  14. Relación del peso máximo con la fuerza aplicada y la potencia producida en un test creciente, en el ejercicio de press de banca plano con barra libre, en levantadores

    OpenAIRE

    Naclerio Ayllón, Fernando; Jiménez Gutiérrez, Alfonso; Forte Fernández, Daniel; Benito Peinado, Pedro J.

    2006-01-01

    Se evaluaron 9 levantadores que realizaron 2 test, en el ejercicio de press de banca plano con barra libre. Un test progresivo con pesos ligeros a máximos (TPR), y el test de una máxima repetición (1 MRD). Se midió la fuerza (f), velocidad (v) y potencia (p) con cada peso movilizado, se determinó el máximo peso desplazado en una única repetición (1 MR). Se observaron correlaciones significativas entre el valor de la 1 MR obtenida en el test de 1 MRPr y el de 1 MRD, entre la potencia máxima (a...

  15. Aproximación al comportamiento del sistema de administración y comercialización del servicio de energía y potencia reactiva (SACSR) en Colombia

    OpenAIRE

    Pérez Rojas, Efraín Antonio

    2006-01-01

    Resumen: Se estudia el comportamiento en el tiempo de los beneficios financieros, obtenidos por la producción de potencia y energía activa y reactiva de los generadores mas importantes del Sistema Interconectado Nacional Colombiano. Se analiza el sistema operando según tres políticas diferentes para la administración del servicio de potencia y energía reactiva, a fin de establecer los efectos de las políticas en el comportamiento del sistema.

  16. Filtro activo paralelo para compensación de factor de potencia y distorsión armónica en aplicaciones industriales / Shunt active filter for power factor and harmonic distortion compensation on industrial application

    OpenAIRE

    López Santos, Oswaldo

    2010-01-01

    Los filtros activos de potencia, son hoy en día, la solución más atractiva para la reducción de las problemáticas de armónicos y energía reactiva en las redes eléctricas, debido a la gran cantidad de convertidores electrónicos contaminantes instalados en las décadas anteriores. Por esta razón y con especial interés en la necesidad del aprovechamiento eficiente y responsable de los recursos, es trabajo pertinente y necesario el estudio de los filtros activos de potencia. El mencionado estudio ...

  17. Alternative approaches to transmission investment

    Energy Technology Data Exchange (ETDEWEB)

    Welch, J.L. [International Transmission Co., Detroit, MI (United States)

    2004-07-01

    The International Transmission Company (ITC) is an independent power transmission company that owns, operates and maintains the high voltage transmission system in southeastern Michigan. The company's current focus is on investing in the transmission infrastructure to improve reliability, relieve congestion, improve access to generation and reduce energy costs for consumers. There is a need for investment in power transmission. Trends indicate that power transactions are on the rise while transmission investment is lagging because pricing protocols are inadequate and there is no regional tariff mechanism to allocate the benefits of new investment. The presentation reviewed the applicability of FTRs to transmission owners and the pitfalls of participant funding pricing. It also outlined the regional benefit allocation mechanism (RBAM) with an illustrative example. It was concluded that existing pricing policies must be improved to address the growing need for transmission investment. RBAM is needed to help investors recover costs from project beneficiaries. figs.

  18. PV investment in Europe

    Energy Technology Data Exchange (ETDEWEB)

    Hueser, Pius [Nova Energy GmbH, (Switzerland)

    2007-06-15

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

  19. Chinese investments in the EU

    Directory of Open Access Journals (Sweden)

    Haico EBBERS

    2010-12-01

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

  20. EXPLORING TAX HOLIDAY POLICY IMPLEMENTATION FOR INDONESIAN INVESTMENT CLIMATE: HAS IT BEEN EFFECTIVE?

    Directory of Open Access Journals (Sweden)

    Mulyono R.D.P.

    2017-07-01

    Full Text Available This study aims to explore the reasons for the ineffectiveness of tax holiday policy implementation in Indonesia as well as the government’s strategies to improve the investment climate. This research uses exploratory study type which does not test theory or hypothesis by using preliminary survey method, conducting direct or indirect interview via e-mail to certain informant by giving questionnaire and direct observation passively observing the field and related websites supporting statistical data in this study in depth. In testing the validity of research data used source triangulation and method triangulation. The progress that has been achieved to date in the implementation of tax holiday policy is to provide ease of bureaucracy administration and simplicity of licensing services in investing by improving coordination among government to improve foreign investors' confidence when investing in Indonesia. So technically, the implementation of tax holiday policy is quite effective in attracting foreign direct investment because it can perform the right obligations according to the regulations. In the investment point of view, tax holiday policy is not effective in attracting foreign direct investment or not becoming the main factor of investor's goal in investment. The cause of the ineffectiveness of the tax holiday policy in attracting foreign direct investment in Indonesia is another indicator that becomes an assessment among others the ease of investment licensing, infrastructure, electricity supply, investor protection, minority and tax administration. Indonesian government's strategy to improve the investment climate is through deregulation, debureaucracy, law enforcement and business certainty for investors.

  1. Considering barriers to investment in South Africa

    Directory of Open Access Journals (Sweden)

    KB Afful

    2014-10-01

    Full Text Available This paper examines the effect of South Africa’s economic fundamentals on net direct investment and net portfolio investment. The results suggest that the main determinants of investment in South Africa are resource prices, input productivity and the economic performance of the domestic economy. The results illustrate that net direct investment and net portfolio investment are close but not perfect substitutes. In addition, we find that an increase in labour input costs reduces both net direct investment and net portfolio investment. Further, an increase in fixed capital productivity increases net direct investment. Further, also the results illustrate that subsidies increase both net direct investment and net portfolio investment. Moreover, an increase in exports increases both net direct investment and net portfolio investment. Policy recommendations are thus proposed that may increase foreign direct investment in South Africa.

  2. Investments in the Quebec energy sector: Increase of 27% in 1991 and forecast rise of 9% in 1992

    International Nuclear Information System (INIS)

    Anon.

    1992-01-01

    A compilation is presented of the sums invested in 1991 and the projected investments for 1992 in the Quebec energy sector. Historical data back to 1982 are also included. In 1991, the total investment rose to $4,328 million, or 27% more than in 1990. The year 1992 is expected to see a more modest 9% increase in energy investments. The relative value of energy investments compared to total Quebec investments was 15.6% in 1991 and is forecast to attain 16.9% in 1992. The large increase in energy investment is largely due to investments in the electric power sector, which receives ca 93% of Quebec energy investment. In the petroleum sector, preliminary data indicate that total investment in 1991 and 1992 will be $192.5 million and $203.1 million respectively, mostly for refining and distribution. In the natural gas sector, the historical data show a large peak at 1983 of $424 million, descending to the $50-70 million level starting in 1987. Natural gas investments in 1991 rose to $101.6 million, most of which went towards extending the distribution network. For 1992, $68.5 million is forecast to be invested. In the electric power sector, total 1991 investment was ca $4 billion, a 29% increase over 1990; 1992 investment is forecast at $4.46 billion. In 1991, the investment in electricity production totalled ca $2 billion and investment in power transmission $970 million, the latter mainly dedicated to construction of a 450 kV dc power line and to a network improvement program. Investment in power distribution was $567 million, while other investments such as communications, buildings, and technological activities amounted to $450 million. 4 figs., 5 tabs

  3. 12 CFR 24.4 - Investment limits.

    Science.gov (United States)

    2010-01-01

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

  4. 47 CFR 69.309 - Other investment.

    Science.gov (United States)

    2010-10-01

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

  5. 12 CFR 615.5140 - Eligible investments.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Eligible investments. 615.5140 Section 615.5140... POLICIES AND OPERATIONS, AND FUNDING OPERATIONS Investment Management § 615.5140 Eligible investments. (a) You may hold only the following types of investments listed in the Investment Eligibility Criteria...

  6. Debt Covenant Renegotiation and Investment

    DEFF Research Database (Denmark)

    Arnold, Marc; Westermann, Ramona

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

  7. Whose crazy investment in sex?

    Science.gov (United States)

    Mandlis, Lane R

    2011-01-01

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

  8. Capital Investment Procedures for FEMYSO

    OpenAIRE

    Oluduro, Francis Oladele; Duru, Longinus; Al Jaafar, Mofid

    2008-01-01

    Date: 2008-06-05 Level: Bachelor Thesis in Business Administration EF0703, 15 ECTS Credits. Authors: Longinus Duru (Stockholm), Francis O.Oluduro (Västerås) and Mofid Al Jaafar (Västerås) Title: Capital Investment Procedures for FEMYSO Problem Area: Undertaking an investment by FEMYSO involves weighing up the risk against the returns but still capital investment decision are still one of the most undertaken decisions by organization managers because it involves commitment of huge amount of mo...

  9. Investing in the Long Term

    Institute of Scientific and Technical Information of China (English)

    Valerie; Sartor

    2007-01-01

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

  10. Compensación de potencia reactiva mediante bancos asimétricos de capacitores; Reactive Power Compensation by Unbalanced Capacitor Banks

    Directory of Open Access Journals (Sweden)

    Ignacio Pérez Abril

    2011-02-01

    Full Text Available A pesar de que los sistemas de distribución primaria y secundaria son desbalanceados por naturaleza, lacompensación de potencia reactiva en estos sistemas, se realiza comúnmente mediante bancos decondensadores trifásicos balanceados. En este trabajo se presenta la formulación general para el problemade compensación de potencia reactiva en sistemas desbalanceados mediante bancos de condensadoresdesbalanceados. Se presentan cuatro ejemplos de compensación en el secundario de bancos desbalanceadosde transformadores monofásicos. Todos los ejemplos muestran que la compensación por bancosdesbalanceados de capacitores incrementa los beneficios con respecto al uso de bancos balanceados  In spite of the fact that primary and secondary distribution systems are unbalanced by nature, thereactive power compensation on these systems is commonly developed by the use of balanced capacitorbanks. In this paper, the general formulation for the reactive power compensation problem onunbalanced systems with unbalanced capacitor banks is developed. Four examples of reactive powercompensation on the secondary of unbalanced three-phase transformers banks are presented. All theexamples show that the compensation by unbalanced capacitor banks increases the active power lossessaving as well as reduce the transformer’s load and contributes to balance the line currents when the loadis unbalanced.

  11. Sesgos en estimación, tamaño y potencia de una prueba sobre el parámetro de memoria larga en modelos ARFIMA

    Directory of Open Access Journals (Sweden)

    Elkin Castaño

    2010-01-01

    Full Text Available Castaño et al. (2008 proponen una prueba para investigar la existencia de memoria larga, basada en el parámetro de diferenciación fraccional de un modelo ARFIMA (p, d, q; se muestra que al usar una aproximación autorregresiva de orden igual al entero más próximo a p* = T1/3 para la componente de memoria corta, la prueba de la hipótesis nula de memoria corta contra la alternativa de memoria larga tiene, en general, mayor potencia que algunas otras pruebas conservando un tamaño adecuado. Este estudio muestra los sesgos generados en la estimación del parámetro d y su efecto sobre la potencia y tamaño de la prueba, cuando se ignora la componente de corto plazo y cuando se emplean modelos que no la aproximan adecuadamente. Adicionalmente, se analiza si los resultados obtenidos por Castaño et al. (2008 pueden mejorarse empleando una aproximación autorregresiva diferente.

  12. MODELAMIENTO TÉRMICO Y VIBRATORIO DE UNA CÁPSULA PARA SENSORES DE FIBRA ÓPTICA ADAPTABLES A MEDICIONES EN SISTEMAS ELECTRICOS DE POTENCIA

    Directory of Open Access Journals (Sweden)

    MAURICIO AGUIAR

    2009-01-01

    Full Text Available En este trabajo se presenta un modelamiento térmico y vibratorio que permite diseñar cápsulas con alta conductividad térmica y aislamiento mecánico para sensores de temperatura basados en redes de Bragg en fibra óptica, con miras a su aplicación en sistemas eléctricos de potencia (SEP. Una de las variables de mayor relevancia en la operación de los componentes de un SEP es la temperatura, ya que su monitoreo en tiempo real permite predecir el estado del sistema y generar acciones de mantenimiento predictivo que garanticen la calidad y continuidad en el servicio. El modelado de la capsula dieléctrica se dividió en dos partes fundamentales: i un análisis mecánico mediante el método de elementos finitos para establecer la respuesta de la capsula ante vibraciones del orden de las reportadas en la literatura para generadores y transformadores de potencia; ii un análsis térmico, a través de un modelo analítico que permite establecer la velocidad de respuesta del sensor ante variaciones de temperatura. Los resultados encontrados muestran un gran potencial en el material que se propone para la fabricación de la capsula, el cual no se ha reportado en este tipo de aplicaciones.

  13. DISEÑO E IMPLEMENTACIÓN DE UN SUPRESOR DE ENERGÍA EN STAND BY PARA EQUIPOS ELECTRÓNICOS DE POTENCIA MEDIA

    Directory of Open Access Journals (Sweden)

    David Agualsaca

    2012-11-01

    Full Text Available En la actualidad existe un uso irracional de la energía eléctrica en los hogares por la inclusión de equipos electrónicos en las actividades cotidianas y a los malos hábitos de consumo de la misma, como dejar luces encendidas en áreas inutilizadas y equipos en modo stand by. Las tendencias mundiales por el cuidado del medio ambiente exigen medidas para contribuir al ahorro de energía y disminuir el impacto que genera el producirla, por lo tanto no es posible pasar por alto el consumo de los equipos electrónicos de potencia media en modo stand by, que si bien los consumos individuales son relativamente bajos, la suma de cada uno de los aparatos electrónicos es un valor a ser tomado en cuenta. El presente articulo pretende dar una guía en el disenso y la implementación de un supresor de energía en estado stand by para equipos electrónicos de potencia media, y brindar una idea clara del ahorro tanto energético como económico que podría generar al ser implementado en hogares y oficinas principalmente.

  14. Investment patterns in Dutch glasshouse horticulture

    NARCIS (Netherlands)

    Goncharova, N.

    2007-01-01

    Keywords: investment, uncertainty, investment spikes, entry, exit, duration model, GMM dynamic panel data estimator, Negative Binomial model, Heckman selection model, moving window ARIMA, Principal Component analysis, horticulture

    This thesis focuses on the analysis of investment

  15. Inconsistent Investment and Consumption Problems

    DEFF Research Database (Denmark)

    Kronborg, Morten Tolver; Steffensen, Mogens

    2015-01-01

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

  16. Mudaravila kinnistu arendajaks Alvarelli Invest

    Index Scriptorium Estoniae

    2007-01-01

    Pärnu mudaravila kinnistu 50-aastasest hoonestusõigusest oli huvitatud Andres Tiigi firma Alvarelli Invest. Firma peab 2009. a. suveks vana mudaravila restaureerima ja rajama sellele mere poole juurdeehitise

  17. Quality of investments in logistics

    Directory of Open Access Journals (Sweden)

    Borut Jereb

    2014-06-01

    Full Text Available The issue problem of paper is that base on researches connected with analysis of investments in logistics based on the review of 100 pooled manuscripts from different sources (scientific journals and online magazines from 1996 to 2012 it was showed that there don't exist quality as well as leadership has no a good overview of the investment in logistics. It was claimed that the quality point of view should be demanding part of investments in logistics. Val Log was proposed as an answer to the issues of managing quality of investments in logistics at the tactical level in organizations. By Val Log it is possible to overcome the myth that logistics projects cost money while business projects bring money. Val Log also provides detailed instructions for goals and metrics for each process. By doing changes the quality should be the obvious pillar of our affords doing it.

  18. Foreign direct investment in China

    OpenAIRE

    Bredero, Q.S.

    2007-01-01

    Foreign Direct Investment in China is one of the most comprehensive studies of FDI in China and provides a remarkable background of information on the evolution of China’s FDI policies over the last 30 years.

  19. (MFN) CLAUSE IN INVESTMENT TREATIES

    African Journals Online (AJOL)

    Fr. Ikenga

    favoured-nation' treatment (MFN) clause which seeks to grant to an investor from ... designed to take account of the special characteristics of international investment disputes ... it regularly publishes information about its activities and cases.

  20. Investing: reducing risks to enhance returns.

    Science.gov (United States)

    West, J; Glickman, S; Seidner, A G

    1996-09-01

    The financial assets of a healthcare organization can present many opportunities for investment. In order to develop a profitable investment program that avoids risky speculation, however, healthcare financial managers must fully understand the nature and risks of their organizations' investments. They must define and monitor their investment objectives, limitations, levels of acceptable risk and policies and conditions through a statement of investment policy and comprehensive investment guidelines.

  1. Research of relationship between uncertainty and investment

    Institute of Scientific and Technical Information of China (English)

    MENG Li; WANG Ding-wei

    2005-01-01

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

  2. La terapia láser de baja potencia en la medicina cubana Low potency laser therapy in Cuban medicine

    Directory of Open Access Journals (Sweden)

    Adel Hernández Díaz

    2008-06-01

    Full Text Available El surgimiento y desarrollo del láser fue posible gracias a los avances previamente logrados en otras disciplinas científicas en el pasado siglo. Desde el punto de vista práctico puede ser considerado como un haz estrecho de luz monocromática y coherente que puede encontrarse en el rango visible, infrarrojo o ultravioleta del espectro de las radiaciones electromagnéticas. Motivados por la incorporación de los equipos láser de producción nacional en las salas de rehabilitación de los policlínicos universitarios de la atención primaria y otros centros de salud del país, nos dimos a la tarea de realizar este trabajo, cuyo objetivo fundamental es presentar las distintas aplicaciones del láser de baja potencia en la medicina, y los equipos láser cubanos disponibles en la red nacional de salud pública. Además se muestran los efectos terapéuticos de la radiación láser y los mecanismos internos para lograrlos, y se detallan ampliamente las contraindicaciones de la terapia. Este tipo de tratamiento ofrece muchas posibilidades de ayuda terapéutica y permite ser utilizado con éxito en patologías de diversas especialidades. La terapia láser constituye un tratamiento de primera línea para muchas de las afecciones con que acuden los pacientes a consulta médica.The appearance and development of laser was possible thanks to the advances previously attained in other scientific disciplines in the last century. From the practical point of view, it may be considered as a narrow monochromatic and coherent beam of light that may be found in the visible infrared or ultraviolet range of the spectrum of electromagnetic radiations. Motivated by the introduction of the laser equipment of national production into the rehabilitation wards of the teaching polyclinics and other health centres of the country, we made this paper aimed at presenting the different applications of low potency laser in the medical sphere, as well as the Cuban laser

  3. Corruption, public investment and growth

    OpenAIRE

    Tanzi, Vito; 中村, まづる

    1998-01-01

    Corruption, particularly political or “grand” corruption, distorts the entire decision-making process connected with public investment projects. The degree of distortions is higher with weaker auditing institutions. The evidence presented shows that higher corruption is associated with (i) higher public investment; (ii) lower government revenues; (iii) lower expenditures on operations and maintenance; and (iv) lower quality of public infrastructure. The evidence also shows that corruption inc...

  4. Sustainable Markets Investment Briefings: Overview

    Energy Technology Data Exchange (ETDEWEB)

    Cotula, Lorenzo

    2007-08-15

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

  5. Investment in new product reliability

    International Nuclear Information System (INIS)

    Murthy, D.N.P.; Rausand, M.; Virtanen, S.

    2009-01-01

    Product reliability is of great importance to both manufacturers and customers. Building reliability into a new product is costly, but the consequences of inadequate product reliability can be costlier. This implies that manufacturers need to decide on the optimal investment in new product reliability by achieving a suitable trade-off between the two costs. This paper develops a framework and proposes an approach to help manufacturers decide on the investment in new product reliability.

  6. Spillovers from Foreign Direct Investment

    DEFF Research Database (Denmark)

    Meyer, Klaus E.; Sinani, Evis

    2005-01-01

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

  7. Law and Investment in Africa

    OpenAIRE

    Simplice A., Asongu

    2011-01-01

    Contrary to mainstream consensus on the dominance of English common law countries in investment prospects, this paper sets a new tone in the legal origins debate by providing empirical validity on the dominance of French civil-law countries in private investment. The assessment is based on 38 African countries for the period 1996-2007. The law mechanisms of regulation quality and rule of law are used to investigate how legal origins (French, English, French sub-Saharan, Portuguese and North A...

  8. China's Investment Leade Dr, Alyce Su

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

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

  9. Investments in liberalised power markets

    International Nuclear Information System (INIS)

    Grenaa Jensen, S.; Meibom, P.

    2005-01-01

    There is considerable uncertainty in the Nordic electricity system with respect to the long-term development in production capacity. The process towards liberalisation of the electricity sector started with a situation of a large capacity margin, but this margin is gradually vanishing. Since the potential investors in new production capacity are unaccustomed with investments under the new regime, it is unknown if and when investments will take place. The purpose of the present study is to analyze if and when investors choose to invest in new electricity production capacity depending on their existing portfolio of power producing units. Electricity price scenarios generated with a partial equilibrium model (Balmorel) are combined with a model of investment decisions. In this, various scenarios concerning the development in the Nordic power market, such as new transmission lines between neighbouring countries, more installed wind power, and changes in CO 2 emission trading costs, are used to investigate the consequences for investments in a natural gas fired, combined cycle power plant. The main result of the analysis is that new investments are highly sensitive to investors existing power production portfolio, as new production units affect the merit order in the power market, i.e. compete with the existing power plants. (au)

  10. Determinación de la influencia en emisiones contaminantes, torque, potencia y consumo de combustible de un vehículo con motor ciclo Otto, de inyección electrónica de gasolina, mediante la variación de 6 tipos de bujías.

    OpenAIRE

    Serpa Andrade, Gabriel Fabián; Zumba Tenezaca, Xavier Alex

    2016-01-01

    La altitud ejerce efectos en la presión y temperatura atmosférica, y por ende en la concentración de oxígeno en el aire. La altitud disminuye la potencia indicada, y por lo tanto la potencia efectiva; además de incrementar el consumo específico de combustible. La investigación se enfoca en determinar la influencia en emisiones contaminantes, torque, potencia y consumo especifico de combustible del vehículo de mayor demanda en la ciudad de Cuenca (Chevrolet Grand Vitara 2.0L), mediante la vari...

  11. Reducción de interferencia de línea de potencia en señales electrocardiográficas mediante el filtro dual de Kalman

    Directory of Open Access Journals (Sweden)

    Luis David Avendaño Valencia

    2007-09-01

    Full Text Available En este artículo se presenta el desarrollo de un filtro para la reducción de la interferencia de línea de potencia en señales electrocardiográficas (ECG, basado en estimación dual de parámetros y de estado, empleando la filtración Kalman, en el cual se consideran modelos independientes entre la interferencia de línea de potencia y la señal ECG. Ambos modelos son combinados para simular la señal ECG medida sobre la que se realiza la estimación de estado para separar la señal de la interferencia. El algoritmo propuesto es sintonizado y comparado en un conjunto de pruebas realizadas sobre la base de datos QT de electrocardiografía. Inicialmente se hacen pruebas de sintonización del algoritmo para el rastreo de la señal ECG limpia, cuyos resultados son utilizados después para las pruebas de filtrado. Luego se llevan a cabo pruebas exhaustivas sobre la base de datos QT en la filtración de interferencia de línea de potencia, la cual ha sido introducida artificialmente en los registros, para una relación de señal a ruido (SNR dada, obteniendo así curvas del desempeño del algoritmo, que permiten a su vez comparar con el desempeño de otros algoritmos de filtración, a saber, un filtro notch recursivo de respuesta infinita al impulso (IIR y un filtro de Kalman, basado en un modelo más simple para la señal ECG. Como resultado, se demuestra que el algoritmo de filtrado obtenido es robusto a los cambios de amplitud de la interferencia; además, conserva sus propiedades para los diferentes tipos de morfologías de señales ECG normales y patológicas.

  12. Security Investment in Contagious Networks.

    Science.gov (United States)

    Hasheminasab, Seyed Alireza; Tork Ladani, Behrouz

    2018-01-16

    Security of the systems is normally interdependent in such a way that security risks of one part affect other parts and threats spread through the vulnerable links in the network. So, the risks of the systems can be mitigated through investments in the security of interconnecting links. This article takes an innovative look at the problem of security investment of nodes on their vulnerable links in a given contagious network as a game-theoretic model that can be applied to a variety of applications including information systems. In the proposed game model, each node computes its corresponding risk based on the value of its assets, vulnerabilities, and threats to determine the optimum level of security investments on its external links respecting its limited budget. Furthermore, direct and indirect nonlinear influences of a node's security investment on the risks of other nodes are considered. The existence and uniqueness of the game's Nash equilibrium in the proposed game are also proved. Further analysis of the model in a practical case revealed that taking advantage of the investment effects of other players, perfectly rational players (i.e., those who use the utility function of the proposed game model) make more cost-effective decisions than selfish nonrational or semirational players. © 2018 Society for Risk Analysis.

  13. Government Strategic Support for Investment Activity

    Science.gov (United States)

    Turekulova, Assiya N.; Mukhambetova, Lyazzat K.; Doshan, Almagul S.; Issabekov, Baurzhan N.; Chimgentbayeva, Gulbakyt K.; Turegeldinova, Aliya Zh.

    2016-01-01

    When system risks are high most investors choose to exit the market; however, there are some contrarian investors who opt to make investments. The authors analyzed the main goals of the investment process and measures that should be provided by the government to stimulate investments and innovation especially by means of investment banking. The…

  14. 12 CFR 615.5133 - Investment management.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Investment management. 615.5133 Section 615... POLICIES AND OPERATIONS, AND FUNDING OPERATIONS Investment Management § 615.5133 Investment management. (a... management information systems that are appropriate for the level and complexity of your investment...

  15. 31 CFR 537.311 - New investment.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false New investment. 537.311 Section 537....311 New investment. (a) The term new investment means any of the following activities if such activity... located in Burma, without regard to the form of the participation. (b) The term new investment shall not...

  16. 43 CFR 29.11 - Investment.

    Science.gov (United States)

    2010-10-01

    ... 43 Public Lands: Interior 1 2010-10-01 2010-10-01 false Investment. 29.11 Section 29.11 Public... Investment. (a) The monies accumulated in the Fund shall be prudently invested in the following types of... investment advisor or custodian to the Fund, or their affiliates may be purchased or held by the Fund. (3...

  17. Investment under uncertainty : Timing and capacity optimization

    NARCIS (Netherlands)

    Wen, Xingang

    2017-01-01

    This thesis consists of three chapters on analyzing the optimal investment timing and investment capacity for the firm(s) undertaking irreversible investment in an uncertain environment. Chapter 2 studies the investment decision of a monopoly firm when it can adjust output quantity in a market with

  18. 47 CFR 69.302 - Net investment.

    Science.gov (United States)

    2010-10-01

    ...) Investment in Accounts 2002, 2003 and to the extent such inclusions are allowed by this Commission, Account... Telecommunication FEDERAL COMMUNICATIONS COMMISSION (CONTINUED) COMMON CARRIER SERVICES (CONTINUED) ACCESS CHARGES Apportionment of Net Investment § 69.302 Net investment. (a) Investment in Accounts 2001, 1220 and Class B Rural...

  19. Bandwagon investment equilibrium of a preemption game

    OpenAIRE

    Kim, KiHyung; Deshmukh, Abhijit

    2018-01-01

    In stochastic and competitive environments, investors face an investment dilemma because the environments provide conflicting incentives. Empirical research reports various behaviors exhibited by investors, including voluntary concurrent investments, which are called bandwagon investments. However, the current theoretical understanding is still limited in explaining under which condition the investment bandwagon effect occurs. The authors investigated the closed-loop subgame perfect equilibri...

  20. The Investment Committee. Effective Committees. Board Basics.

    Science.gov (United States)

    Biggs, John H.

    1997-01-01

    The investment committee of the college or university governing board is charged with determining, overseeing, and assessing the policies and processes by which institutional funds are invested. The committee has fiduciary duty to ensure that the terms of investment of donors' gifts are met and to maximize investment returns within an appropriate…

  1. 12 CFR 211.9 - Investment procedures.

    Science.gov (United States)

    2010-01-01

    ... Investment procedures. (a) General provisions. 5 Direct and indirect investments shall be made in accordance... for general consent. An investment in a foreign bank may not be made under authority of paragraphs (b) or (c) of this section if: (1) After the investment, the foreign bank would be an affiliate of a...

  2. Foreign investments in modern economic activities

    OpenAIRE

    Emil Biber

    2004-01-01

    Worldwide economies are more and more linked by international economic and financial flows to globalization and economic integration phenomena that is effect and cause for them. External investments represent for investors a long-term investment abroad meanwhile for users these could be direct investments or portfolio investments

  3. 12 CFR 1.8 - Nonconforming investments.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 1 2010-01-01 2010-01-01 false Nonconforming investments. 1.8 Section 1.8 Banks and Banking COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY INVESTMENT SECURITIES § 1.8 Nonconforming investments. (a) A national bank's investment in securities that no longer conform to this part...

  4. 17 CFR 256.124 - Other investments.

    Science.gov (United States)

    2010-04-01

    ... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Other investments. 256.124... COMPANY ACT OF 1935 2. Investments § 256.124 Other investments. This account shall include the cost or current value of investments, whichever is less, in securities, club memberships, associations, life...

  5. 12 CFR 704.5 - Investments.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Investments. 704.5 Section 704.5 Banks and... § 704.5 Investments. (a) Policies. A corporate credit union must operate according to an investment... must address, at a minimum: (1) Appropriate tests and criteria for evaluating investments and...

  6. 12 CFR 703.18 - Grandfathered investments.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Grandfathered investments. 703.18 Section 703... INVESTMENT AND DEPOSIT ACTIVITIES § 703.18 Grandfathered investments. (a) Subject to safety and soundness... zero coupon security with a maturity greater than 10 years, if it purchased the investment: (1) Before...

  7. 12 CFR 615.5142 - Association investments.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Association investments. 615.5142 Section 615... POLICIES AND OPERATIONS, AND FUNDING OPERATIONS Investment Management § 615.5142 Association investments. An association may hold eligible investments listed in § 615.5140, with the approval of its funding...

  8. 12 CFR 347.108 - Portfolio investments.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 4 2010-01-01 2010-01-01 false Portfolio investments. 347.108 Section 347.108... INTERNATIONAL BANKING § 347.108 Portfolio investments. (a) Portfolio investments. If a bank, directly or indirectly, acquires or holds an equity interest in a foreign organization as a portfolio investment and the...

  9. 12 CFR 956.2 - Authorized investments.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Authorized investments. 956.2 Section 956.2... ITEMS FEDERAL HOME LOAN BANK INVESTMENTS § 956.2 Authorized investments. In addition to assets... securities of any small business investment company formed pursuant to 15 U.S.C. 681(d), to the extent such...

  10. 12 CFR 703.14 - Permissible investments.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Permissible investments. 703.14 Section 703.14 Banks and Banking NATIONAL CREDIT UNION ADMINISTRATION REGULATIONS AFFECTING CREDIT UNIONS INVESTMENT AND DEPOSIT ACTIVITIES § 703.14 Permissible investments. (a) Variable rate investment. A Federal...

  11. 47 CFR 32.102 - Nonregulated investments.

    Science.gov (United States)

    2010-10-01

    ... 47 Telecommunication 2 2010-10-01 2010-10-01 false Nonregulated investments. 32.102 Section 32.102 Telecommunication FEDERAL COMMUNICATIONS COMMISSION (CONTINUED) COMMON CARRIER SERVICES UNIFORM SYSTEM OF ACCOUNTS... investments. Nonregulated investments shall include the investment in nonregulated activities that are...

  12. An Educational Program to Assist Clinicians in Identifying Elder Investment Fraud and Financial Exploitation

    Science.gov (United States)

    Mills, Whitney L.; Roush, Robert E.; Moye, Jennifer; Kunik, Mark E.; Wilson, Nancy L.; Taffet, George E.; Naik, Aanand D.

    2012-01-01

    Due to age-related factors and illnesses, older adults may become vulnerable to elder investment fraud and financial exploitation (EIFFE). The authors describe the development and preliminary evaluation of an educational program to raise awareness and assist clinicians in identifying older adults at risk. Participants (n = 127) gave high ratings…

  13. Investment under Uncertain Climate Policy

    DEFF Research Database (Denmark)

    Barradale, Merrill Jones

    2014-01-01

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

  14. Investment accounting in building industry

    Energy Technology Data Exchange (ETDEWEB)

    Kuesgen, H.

    1982-09-01

    The methods of investment accounting are always required if, as it is usual for buildings, payments are not due once but repeatedly within a period of several years. These payments are presented in a payment model from which an informative and reliable total value of all costs and yields can be derived. The report deals nearly exclusively with the so-called dynamic investment accounting method as it records the payment procedures as to time much more exactly than the static investment accounting method. The problem of continually rising amounts of regular payments as e.g. energy prices can be better represented by the dynamic method. Therefore, the static methods have been dealt with only globally.

  15. Trade, investment and the environment

    International Nuclear Information System (INIS)

    Ward, H.; Brack, D.

    2000-01-01

    As liberalisation of global trade and investment accelerates, what happens to the environment? As the world heads for confrontation in Seattle, the questions intensify. Does foreign direct investment mean forsaking environmental protection? Or do multinational corporations export higher standards when they invest abroad? Can a powerful trading nation ban imports of tropical timber produced unsustainably? Should the World Trade Organisation take the views of industry or environmental groups into account when deciding? Must world trade rules be changed to accommodate environmental concerns? This book analyzes key issues in this increasingly controversial arena and includes contributions from Renato Ruggiero, former Director General of the World Trade Organization; The Rt Hon Brian Wilson MP, former UK Minister of Trade; Dr Magda Shahin, Deputy Assistant Minister of Foreign Affairs at the Egyptian Ministry of Foreign Affairs; Pradeep Mehta, Secretary General, Consumer Unity and Trust Society, India; and Dr Michel Potier, Head of the Economics Division at the OECD's Environment Directorate. (Author)

  16. Transnational Investments in Informational Capital

    DEFF Research Database (Denmark)

    D. Munk, Martin

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

  17. Low-beta investment strategies

    OpenAIRE

    Korn, Olaf; Kuntz, Laura-Chloé

    2015-01-01

    This paper investigates investment strategies that exploit the low-beta anomaly. Although the notion of buying low-beta stocks and selling high-beta stocks is natural, a choice is necessary with respect to the relative weighting of high-beta stocks and low-beta stocks in the investment portfolio. Our empirical results for US large-cap stocks show that this choice is very important for the risk-return characteristics of the resulting portfolios and their sensitivities to common risk factors. W...

  18. Investing for a better environment

    International Nuclear Information System (INIS)

    1993-01-01

    To address the broad range of environmental issues in central and eastern Europe, including the former Soviet Union, the European Bank for Reconstruction and Development has adopted a twofold operational strategy: a regional programme approach and a project-based approach. The Bank is undertaking studies of environmental legislation and standards, and of training, liability and public participation requirements in the countries where it operates. It has also initiated environmental assessments in sectors where future investment projects are anticipated. The principal objectives of this work are to assist the countries of central and eastern Europe, those who wish to invest in these countries and Bank staff in their environmental appraisal work

  19. Diseño y generación de transmisiones de potencia por correa trapecial en Solidworks mediante una aplicación en Visual Basic

    Directory of Open Access Journals (Sweden)

    Aeljandro Ozaeta Eidelman

    2013-12-01

    Full Text Available Se presenta el procedimiento de diseño de transmisiones de potencia por correa trapecial según la norma BS 3790, mediante una aplicación desarrollada en Microsoft Visual Studio 2008 y utilizando el lenguaje de programación Visual Basic. El programa utiliza los parámetros de operación de la transmisión ingresada por el usuario, y mediante los cálculos estandarizados y una base de datos conformada por diversos catálogos de poleas y correas, muestra todas las transmisiones que satisfacen los requerimientos ingresados; además, permite la generación del modelo sólido de cada transmisión en SolidWorks.

  20. Estudio paramétrico sobre los esquemas de potencia en sistemas propulsores para vehículos en condiciones de uso urbano

    OpenAIRE

    Roig Solé, Martí

    2015-01-01

    El present projecte ha tractat sobre l’estudi i l’anàlisi paramètric de les pèrdues de potencia produïdes a través de diverses situacions, en tres models de vehicle. Els models ha estudiar han estat un vehicle convencional alimentat per un motor de combustió interna, un vehicle híbrid i un vehicle elèctric. En el treball, s’han detallat els components principals dels models i posteriorment s’han realitzat els càlculs i s’han definit els seus consums. També s’han identificat i localitzat les p...

  1. Métodos de pronóstico de demanda a corto plazo para la operación de sistemas de potencia

    OpenAIRE

    Sánchez Miño, Santiago

    1985-01-01

    En este trabajo se presentan los conceptos generales y algunos métodos para realizar el pronóstico de la demanda para la operación de un sistema de potencia. Se pone especial interés en el método de Box & Jenkins, de pronóstico de corto plazo, y se describe la metodología y la teoría matemática de los modelos ARMA de pronóstico. Se presenta la aplicabilidad de estos modelos para el pronóstico mensual y horario de un sistema en particular, comprobándose la bondad y exactitud de los modelos y d...

  2. Modeling and simulation of the generation automatic control of electric power systems; Modelado y simulacion del control automatico de generacion de sistemas electricos de potencia

    Energy Technology Data Exchange (ETDEWEB)

    Caballero Ortiz, Ezequiel

    2002-12-01

    . [Spanish] Este trabajo es dedicado al analisis del Control Automatico de Generacion de Sistemas Electricos de Potencia, a partir de la informacion que generan el lazo de Control Carga Frecuencia y el lazo del Regulador Automatico de Voltaje. Para realizar el analisis, se aplican los conceptos teoricos y fisicos del control automatico de generacion; dividiendolo en los lazos de control carga frecuencia y regulador automatico de voltaje. Se establecen los modelos matematicos de los dos lazos de control. Posteriormente se interconectan los modelos de los elementos para integrar el lazo de control carga frecuencia y se lleva a cabo la simulacion digital del sistema. Se analizan en primera instancia la funcion del control primario en sistemas de potencia de un area - una maquina, un area - multimaquina y multiarea - multimaquina. Posteriormente se estudia el control automatico de generacion de los sistemas de potencia de un area y multiarea. Se establece el concepto de despacho economico y con este esquema se simula el sistema de potencia multiarea, posteriormente se estudia el intercambio de energia entre areas en estado estacionario. Se interconectan los modelos matematicos de los elementos componentes del lazo de control del regulador automatico de voltaje, se generan datos de acuerdo a la naturaleza de cada componente y se simula su comportamiento para analizar la respuesta del sistema. Se interconectan los dos lazos de control y se realiza una simulacion con los datos generados anteriormente, examinando el desempeno del control automatico de generacion y la interaccion entre los dos lazos de control. Finalmente se aplican las tecnicas de Posicionamiento de Polos y el Control Optimo, de la teoria moderna de control, al control automatico de generacion de un area.

  3. Evaluation and tuning of control algorithms for power system stabilizers; Evaluacion y sintonizacion de algoritmos de control para el estabilizador de sistemas de potencia

    Energy Technology Data Exchange (ETDEWEB)

    Ramirez Gonzalez, Miguel

    1998-08-01

    A procedure based on the phase compensation technique for tuning satisfactorily lead-lag power system stabilizers (PSS) is presented in this work. This procedure can be applied to standard models of PSS`s (with two phase compensation stages) where rotor speed deviation or an equivalent rotor speed signal is used as input. An analysis of several state of the art advanced control schemes is also presented, which are proposed for overcoming the limitations of conventional fixed parameters PSS`s. The advantages and drawbacks in designing certain types of PSS`s which are based on adaptive control, fuzzy logic and neural networks techniques are investigated. Based on this study, and taking into account the highly complex and non-linear nature of power systems, a fuzzy logic PSS is designed. In order to have good damping characteristics, speed deviation ({Delta}{omega}) of a machine and its acceleration ({Delta}{omega}) are chosen as the input signals to the fuzzy stabilizer of that particular machine. The performance of the lead-lag PSS and fuzzy stabilizer are validated through the simulation of two case studies: a single machine-infinite bus system, and a multimachine power system. All simulations were performed using a tool based on algorithms developed in MATLAB for the study of power system stability. [Espanol] Se presenta un procedimiento basado en la tecnica de compensacion de fase para ajustar en forma satisfactoria los parametros de los estabilizadores de sistemas de potencia (ESP) del tipo de adelanto-atraso. Este procedimiento es aplicable a modelos estandar de ESP`s (con dos redes de compensacion de fase) que utilizan como senal de entrada la velocidad del rotor del generador en cuestion, o una senal de velocidad equivalente. Por otra parte, se realiza un estudio de diversos esquemas de control avanzado del ESP que se proponen en la literatura actual para superar las limitantes de los estabilizadores convencionales. Basicamente, se analizan las ventajas y

  4. A structure-preserving approach to normal form analysis of power systems; Una propuesta de preservacion de estructura al analisis de su forma normal en sistemas de potencia

    Energy Technology Data Exchange (ETDEWEB)

    Martinez Carrillo, Irma

    2008-01-15

    . [Spanish] El comportamiento dinamico de los sistemas de potencia es no lineal y es comprendido por diversos procesos en diferentes escalas de tiempo. El tamano y la complejidad de estos mecanismos han estimulado a la propuesta de metodos que reducen la dimension original preservando caracteristicas esenciales de la naturaleza del sistema. En esta investigacion, se propone un metodo analitico no lineal basado en la teoria de formas normales y tecnicas de perturbacion singular para el analisis de oscilaciones de gran amplitud. Este enfoque permite que el metodo de formas normales alcance su maxima capacidad proporcionando una metodologia general para su aplicacion en una amplia variedad de sistemas no lineales en los diversos campos de la investigacion. Basados en la teoria de formas normales de los sistemas dinamicos, se propone un modelo que preserva la estructura del sistema, las caracteristicas de la red y la carga. Aprovechando la separacion que existe entre la dinamica lenta y rapida, originada por las diferentes escalas de tiempo; una eficiente tecnica basada en perturbaciones singulares, es usada para obtener el comportamiento no lineal de los sistemas de potencia preservando exactamente la estructura de la red. Este metodo no requiere reduccion de ecuaciones por lo que se puede obtener informacion adicional de interes directamente de la red y de la dinamica de la carga del sistema de potencia. En este trabajo son desarrolladas expresiones analiticas que proporcionan una buena aproximacion al comportamiento real del sistema, y ademas se proponen tecnicas para interpretar estas soluciones en terminos de funciones modales para designar areas de control y ubicar dispositivos FACTS; asi tambien se desarrollan criterios para caracterizar los efectos de la red sobre el comportamiento no lineal del sistema. Los procedimientos desarrollados son probados en dos sistemas reales de potencia.

  5. Sistema experimental para el monitoreo de instalaciones de potencia haciendo uso de la Web; Experimental System for Power Installations Samples by Using the Web

    Directory of Open Access Journals (Sweden)

    Yoel R Rosales Hernández

    2011-02-01

    Full Text Available El artículo que se presenta describe una alternativa económica de sistema de adquisición de datos parael monitoreo de una instalación de potencia eléctrica trifásica. El sistema experimental está basado en unmicrocontrolador de Intel StrongARM SA-1110 de 32 bits con CPU RISC, una memoria flash de 16 Mbyte,una memoria SDRAM de 32 Mbyte y un controlador LAN Ethernet de 10/100 Mbps entre otros elementos.El mismo tiene instalado un sistema operativo Linux (kernel versión 2.4 y un servidor web thttpd. Através de un programa CGI se logra el muestreo, procesamiento y transmisión de la información recibidadesde un sistema trifásico de potencia y a partir de un protocolo HTTP se envía toda esta información aun grupo de clientes conectados a una red convencional de computadoras.  This work focuses on an economic alternative for developing a data acquisition system which monitors athree-phase power intalation. This experimental system is made up of an Intel StrongARM SA-1110 32-bitRISC microcontroller, a 16-Mbyte flash memory chip, a 32-MByte SDRAM chip, a 10/100 Mbps EthernetLAN controller with 10BASE-T, as well as other  hardware elements. The system has an embedded Linuxoperating system (kernel version 2.4, and a thttpd embedded web server. A CGI program was designed inorder to enable the sampling, processing and transmition of information received from the three-phasepower installation. To achieve this, a HTTP protocol was used in order to send all this information to agroup of clients connected to a conventional PC network.

  6. Ajuste de Estabilizadores de Potencia en generadores utilizando el paquete Power Systems Analysis Toolbox PSAT; Setting of Power System Stabilizers based in PSAT free package calculations

    Directory of Open Access Journals (Sweden)

    Antonio A. Martínez García

    2015-04-01

    Full Text Available La regulación de la tensión es el modo más elemental de control de los Sistemas Eléctricos de Potencia que mejora la estabilidad y la estabilidad transitoria. La introducción de reguladores de tensión muy rápidos facilita la capacidad del sistema de generar acciones que conserven su estabilidad (incremento del torque sincronizante. No obstante, estos dispositivos disminuyen el amortiguamiento del sistema. La forma más económica de mejorar el amortiguamiento de las oscilaciones mecánicas de las unidades generadoras se logra con la adición de un control suplementario agregado en el sistema de excitación, que se conoce como estabilizador de potencia (PSS, por sus siglas en inglés Power System Stabilizer. En el presente trabajo se utilizan las posibilidades del paquete PSAT para seleccionar la mejor ubicación y ajustar PSS en un sistema longitudinal sencillo de dos áreas, similar al caso del Sistema Eléctrico de la República de Cuba. Normally, voltage regulation is the primary mode of control, which improves voltage and transient stability. The introduction of generator´s fast voltage regulators improves Electrical Power Systems ability to generate synchronizing torque to maintain stability. These control devices have a negative effect in damping system oscillations. Supplementary control in generator’s voltage regulators (PSS is the most economic solution to improve system damping. This supplementary control is obtained using power system dampers. PSAT abilities are used in order to obtain setting of this supplementary control in a simple longitudinal two areas system, similar to Cuban Electric Power System.

  7. Empleo de ultrasonidos de potencia en el proceso de elaboración del aceite de oliva virgen. Resultados a nivel de planta de laboratorio

    Directory of Open Access Journals (Sweden)

    Aguilera Herrera, María Paz

    2006-09-01

    Full Text Available The effects of high-power ultrasound on olive paste, in a laboratory thermomixing operation for virgin olive oil extraction, have been studied. Indirect sonication in a thermomixer with an ultrasound cleaning bath, at 25 kHz, has been applied. A quick heating of olive paste, to optimal temperature conditions and an extractability improvement of the extraction process were found with the sonication of olive paste.The effects of high-power ultrasound on some components of the oil obtained were studied. Free acidity, peroxide value, K270, K232, and bitterness (K225 were determined immediately and 4 months later.Mediante aplicación indirecta con baño ultrasónico de 25 kHz, han sido analizados los efectos de la aplicación de ultrasonidos de potencia sobre la etapa de termobatido del proceso de elaboración del aceite de oliva virgen a nivel de planta de laboratorio. Un rápido calentamiento de la pasta de aceituna molida desde la temperatura ambiente a la temperatura óptima de trabajo (30°C y una mejora en la extractabilidad del proceso han sido los dos hechos observados más importantes bajo el punto de vista del rendimiento industrial. Las características de los aceites, en cuanto a parámetros de: índice de acidez, índice de peróxidos, K270, K232 y amargor (K225, no se han visto afectadas, en las condiciones en que se han llevado a cabo los ensayos, por el tratamiento de la masa con ultrasonidos de potencia.

  8. 17 CFR 270.17f-2 - Custody of investments by registered management investment company.

    Science.gov (United States)

    2010-04-01

    ... registered management investment company. 270.17f-2 Section 270.17f-2 Commodity and Securities Exchanges....17f-2 Custody of investments by registered management investment company. (a) The securities and similar investments of a registered management investment company may be maintained in the custody of such...

  9. Product Innovation with Lumpy Investment

    NARCIS (Netherlands)

    Chahim, M.; Grass, D.; Hartl, R.F.; Kort, P.M.

    2012-01-01

    Abstract: This paper considers a firm that has the option to undertake product innovations. For each product innovation the firm has to install a new production plant. We find that investments are larger and occur in a later stadium when more of the old capital stock needs to be scrapped. Moreover,

  10. Product innovation with lumpy investment

    NARCIS (Netherlands)

    Chahim, M.; Grass, D.; Hartl, R.F.; Kort, Peter

    The paper provides a framework that enables us to analyze the important topic of capital accumulation under technological progress. We describe an algorithm to solve Impulse Control problems, based on a (multipoint) boundary value problem approach. Investment takes place in lumps and we determine

  11. Nuclear energy and investment requirements

    International Nuclear Information System (INIS)

    Voeltzel, D.

    1978-01-01

    The author assesses the investment requirements of the French nuclear programme within the framework of the national economy. He then evokes the means of financing these requirements as well as drawing attention to certain constraints which must be taken into account [fr

  12. Qatar - large capital investment planned

    International Nuclear Information System (INIS)

    Roberts, J.

    1996-01-01

    Large capital investments are planned throughout Qatar's energy industry over the next five years totalling $25 billion. This article describes the successful commissioning of Qatar's first liquefied natural gas (LNG) project on time and within budget. The second LNG plant is well underway and plans for a third are under negotiation. (UK)

  13. Property rights institutions and investment

    OpenAIRE

    Saleh, Jahangir

    2004-01-01

    This paper examines the channels through which alternative property rights institutions affect investment. These institutions are defined by a society's enforced laws, regulations, governance mechanisms and norms concerning the use of resources. A transaction cost framework is used to analyze the incentive impact of various types of property rights, liability rules, and rules regarding con...

  14. Optimal Investment in Structured Bonds

    DEFF Research Database (Denmark)

    Jessen, Pernille; Jørgensen, Peter Løchte

    2012-01-01

    of the article is to provide possible explanations for the puzzle of why small retail investors hold structured bonds. The investment universe consists of a stock index, a risk-free bank account, and a structured bond containing an option written on another index. We apply expected utility maximization...

  15. The Glocalization of Responsible Investment

    DEFF Research Database (Denmark)

    Gond, Jean-Pascal; Boxenbaum, Eva

    2013-01-01

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

  16. Investing in systematic factor premiums

    NARCIS (Netherlands)

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

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

  17. Dispositional optimism and stock investments

    NARCIS (Netherlands)

    Angelini, Viola; Cavapozzi, D.

    This paper analyzes the relationship between dispositional optimism and stock investments, controlling for cognitive skills and personality traits such as trust, social interactions and risk aversion. We use data from the Survey of Health, Ageing and Retirement in Europe (SHARE) on investors aged

  18. Resemblance and investment in children.

    Science.gov (United States)

    Dolinska, Barbara

    2013-01-01

    According to evolutionary explanations men hardly ever are absolutely certain about their biological fatherhood therefore they must seek various sources of information to subjectively establish whether they are the genetic fathers of the children they raise. Apicella and Marlowe (2004) showed that fathers who perceived greater similarity between their children and themselves were willing to invest more resources (e.g., time, money, care) in their offspring presumably because the perceived resemblance indicated to the fathers their genetic relatedness with their children. The present study extended the design of Apicella and Marlowe's original study and included both fathers and mothers as participants. Parents were recruited by a female confederate at the airport and at the railway station in Wroclaw (Poland). Multiple regression analyses showed that perceived resemblance predicted parental investment in the child for both men and women. The fact that mothers' declarations of investment in their children also depended on the perceived resemblance factor is not consistent with evolutionary formulations delineated by Apicella and Marlowe (2004; 2007). Future studies must resolve the issue of whether the resemblance-investment relation in fathers results from men relaying on child's resemblance to themselves as an indicator of their own biological paternity, or whether it results from the more parsimonious phenomenon that people in general are attracted more to other people who are similar to them.

  19. Personal Investment in Higher Education

    Science.gov (United States)

    Parzen, Maurine

    2010-01-01

    Since 2005, in Ontario, RPN's have had the option to return to school to obtain their BScN degree in three years of full time study instead of four years. Many of these students are mature and come with prior family and financial responsibilities that add extra challenges to their learning experience. Questioning their choice of investment in…

  20. Investing in Iranian oil production

    International Nuclear Information System (INIS)

    Barraclough, Colin.

    1997-01-01

    The decision by a French-led consortium to sign a 2bn oil development deal with Iran represents the largest single investment in the Islamic Republic since its revolution of 1978/79. Despite the threat of US sanctions on investors, Iran is on the threshold of a major revitalization of its hydrocarbon industries. (UK)

  1. Benin - Transport Sector Investment Program

    OpenAIRE

    Mohan, P.C.

    2003-01-01

    The objectives of this project (1997-2001) using $40 million of IDA funds were to: (i) safeguard the competitiveness of Benin's transport sector and of its transit corridor through open modal competition; (ii) improve government's capacity for planning, programming and managing transport sector investments; (iii) boost the allocation of resources to infrastructure maintenance; (iv) boost t...

  2. (MFN) CLAUSE IN INVESTMENT TREATIES

    African Journals Online (AJOL)

    Fr. Ikenga

    of inequalities and disparities in treatment in investment law, they carry a significant risk of over interpretation by .... The last question to be answered in relation to the meaning and ambit of the MFN clause is whether .... for domestic remedies as antecedents to international arbitral jurisdiction 'unduly add to the costs of a.

  3. Investment Timing When External Financing Is Costly

    DEFF Research Database (Denmark)

    Hirth, Stefan; Uhrig-Homburg, Marliese

    2010-01-01

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

  4. Inconsistent Investment and Consumption Problems

    Energy Technology Data Exchange (ETDEWEB)

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

    2015-06-15

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

  5. Inconsistent Investment and Consumption Problems

    International Nuclear Information System (INIS)

    Kronborg, Morten Tolver; Steffensen, Mogens

    2015-01-01

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

  6. Upper Limbs Strength Training With Individual Maximal Power Loads: Analysis Of Acute Effects On Mechanical Power El entrenamiento de fuerza del tren superior con cargas asociadas a la máxima potencia individual: análisis de los efectos agudos sobre la potencia mecánica

    Directory of Open Access Journals (Sweden)

    I. Clavel San Emeterio

    2010-09-01

    Full Text Available

    The purpose of this study was to measure the acute effect of two explosive strength sessions on mechanical performance. In order to do that, 1 repetition maximum and maximum power load were obtained in 9 men. The experimental procedure begun five days after and it involved two training sessions. 7 bouts of 3 repetitions at maximum power load of bench press were developed in every session with a minimum rest period of three minutes. Power developed at 90% 1RM and at maximum power load were measured before and after every training day. Finally it was carried out a postest measuring. Although repeted-measures ANOVA showed significant differences between measurements at 90% 1RM , statistics analysis did not show significant differences regarding to before-after every sessions contrasts, and between measuring at maximum power load. Also, we did not find significant 1RM correlation with performance differences before-after session. Finally, it was found significant correlation between maximum strength and % 1RM associated to developed maximum power at postest.
    KEY WORDS: strength, contrast load, bench press, power.

     

    El propósito del presente trabajo fue valorar el efecto agudo del entrenamiento de fuerza explosiva sobre el rendimiento mecánico. De una muestra de 9 sujetos masculinos se obtuvo la máxima carga movilizable en una sola repetición concéntrica (1RM del ejercicio press banca y la resistencia correspondiente al máximo nivel de potencia. Posteriormente se desarrollaron dos sesiones consistentes en 7 series de 3 repeticiones con las cargas asociadas a la máxima potencia individual. Previo a la primera serie de entrenamiento e inmediatamente posterior a la última se obtuvieron los niveles de potencia desarrollados tanto con el 90% 1RM como con la magnitud manejada en la sesión. Finalmente se llevó a cabo una evaluación postest. El ANOVA para medidas repetidas reflej

  7. Rating in the Assessment of Investment Property

    Directory of Open Access Journals (Sweden)

    Śmietana Katarzyna

    2014-07-01

    Full Text Available The implementation of rating procedures is associated with searching for tools that provide an objective and standardized assessment of investment risk. For this reason, rating is an important and often essential element of investment decision-making processes which determines the development of the capital market, including the real estate investment market. In the investment property market, not only does rating provide transparency of property risk, but it can also be used for real estate portfolio analysis, investment controlling, and the analysis of factors determining investment decisions (ESV 2012.

  8. Czech OFDI: investment strategies and motivation to invest abroad

    Czech Academy of Sciences Publication Activity Database

    Zemplinerová, Alena

    2012-01-01

    Roč. 50, č. 2 (2012), s. 22-40 ISSN 0012-8775 R&D Projects: GA MŠk(CZ) OC10062; GA ČR(CZ) GAP402/11/2362 Institutional research plan: CEZ:AV0Z70850503 Keywords : outward foreign direct investment * geographical and sectoral structures * company case studies Subject RIV: AH - Economics Impact factor: 0.211, year: 2012

  9. Investments

    International Development Research Centre (IDRC) Digital Library (Canada)

    2010-04-01

    CCAA Financial summary for 2010–11. Budget vs. actual allocations. April 1, 2010 to March 31, 2011. 2010–11. 2006–10. Actuals. Budget. Actual. Allocations. Variance. 2011–12. Budget. 2012–13. Budget. TOTAL. Operations: PMU staff. 4,102,331. $1,376,281. 1,242,281. $134,000. Technical support. 691,122. 138,106.

  10. Investments

    International Development Research Centre (IDRC) Digital Library (Canada)

    Technical Support. 160,675. 171,256. 207,675. 207,675. 141,535. 66,140. A dvisory Board. 57,072. 57,734. 70,000. 70,000. 55,325. 14,675. O ther. 734,691. 811,433. 933,149. 933,149. 830,396. 102,753. Dissemination/ C ommunications. 0 1. 90,835. 130,000. 130,000. 83,250. 46,750. 1,579,479. 2,144,928. 2,591,259.

  11. Investment climate in the GCC

    International Nuclear Information System (INIS)

    Luciani, Giacomo

    1999-01-01

    The future for oil producers in the Gulf is discussed and the emphasis is very much on Saudi Arabia. The net source flow to developing countries is illustrated but substantial changes are expected soon due to a combination of crises in the Far East and in Russia. Foreign investment in Saudi increased dramatically in 1997 and Saudi has great potential for maximising inward flows and minimising outward flows for the benefit of the national economy. It was stressed that at present, international factors are largely negative but domestic factors are very positive and will prevail in determining investments. The paper was presented under the sub-headings of (i) oil prices, (ii) the Asian crisis, (iii) stability in the Middle East, (iv) population growth (v) private sector viability, (vi) redefining the role of the state and (vii) long-term oil revenue prospects. Saudi Arabia is expected to continue to be a major player in the petroleum business

  12. Investment Dynamics with Natural Expectations.

    Science.gov (United States)

    Fuster, Andreas; Hebert, Benjamin; Laibson, David

    2010-01-01

    We study an investment model in which agents have the wrong beliefs about the dynamic properties of fundamentals. Specifically, we assume that agents underestimate the rate of mean reversion. The model exhibits the following six properties: (i) Beliefs are excessively optimistic in good times and excessively pessimistic in bad times. (ii) Asset prices are too volatile. (iii) Excess returns are negatively autocorrelated. (iv) High levels of corporate profits predict negative future excess returns. (v) Real economic activity is excessively volatile; the economy experiences amplified investment cycles. (vi) Corporate profits are positively autocorrelated in the short run and negatively autocorrelated in the medium run. The paper provides an illustrative model of animal spirits, amplified business cycles, and excess volatility.

  13. Investment Dynamics with Natural Expectations*

    Science.gov (United States)

    Fuster, Andreas; Hebert, Benjamin; Laibson, David

    2012-01-01

    We study an investment model in which agents have the wrong beliefs about the dynamic properties of fundamentals. Specifically, we assume that agents underestimate the rate of mean reversion. The model exhibits the following six properties: (i) Beliefs are excessively optimistic in good times and excessively pessimistic in bad times. (ii) Asset prices are too volatile. (iii) Excess returns are negatively autocorrelated. (iv) High levels of corporate profits predict negative future excess returns. (v) Real economic activity is excessively volatile; the economy experiences amplified investment cycles. (vi) Corporate profits are positively autocorrelated in the short run and negatively autocorrelated in the medium run. The paper provides an illustrative model of animal spirits, amplified business cycles, and excess volatility. PMID:23243469

  14. GLOBALIZATION AND FOREIGN DIRECT INVESTMENTS

    Directory of Open Access Journals (Sweden)

    Elena Chirilă – Donciu

    2013-07-01

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

  15. Cost Estimates and Investment Decisions

    International Nuclear Information System (INIS)

    Emhjellen, Kjetil; Emhjellen Magne; Osmundsen, Petter

    2001-08-01

    When evaluating new investment projects, oil companies traditionally use the discounted cashflow method. This method requires expected cashflows in the numerator and a risk adjusted required rate of return in the denominator in order to calculate net present value. The capital expenditure (CAPEX) of a project is one of the major cashflows used to calculate net present value. Usually the CAPEX is given by a single cost figure, with some indication of its probability distribution. In the oil industry and many other industries, it is common practice to report a CAPEX that is the estimated 50/50 (median) CAPEX instead of the estimated expected (expected value) CAPEX. In this article we demonstrate how the practice of using a 50/50 (median) CAPEX, when the cost distributions are asymmetric, causes project valuation errors and therefore may lead to wrong investment decisions with acceptance of projects that have negative net present values. (author)

  16. Information Aggregation and Investment Decisions

    OpenAIRE

    Christian Hellwig; Aleh Tsyvinski; Elias Albagli

    2010-01-01

    This paper studies an environment in which information aggregation interacts with investment decisions. The first contribution of the paper is to develop a tractable model of such interactions. The second contribution is to solve the model in closed form and derive a series of implications that result from the interplay between information aggregation and the value of market information for the firms' decision problem. We show that the model generates an information aggregation wedge between ...

  17. Investible benchmarks & hedge fund liquidity

    OpenAIRE

    Freed, Marc S; McMillan, Ben

    2011-01-01

    A lack of commonly accepted benchmarks for hedge fund performance has permitted hedge fund managers to attribute to skill returns that may actually accrue from market risk factors and illiquidity. Recent innovations in hedge fund replication permits us to estimate the extent of this misattribution. Using an option-based model, we find evidence that the value of liquidity options that investors implicitly grant managers when they invest may account for part or even all hedge fund returns. C...

  18. Local investment in renewable energies

    International Nuclear Information System (INIS)

    2003-11-01

    Although the vast majority of renewable energies projects are established by commercial developers, some of them are financed by ''ordinary citizens'' pooling together through different schemes. This is particularly frequent in Denmark and Germany, possibly a key reason for the continuous and so successful growth of various renewable energies sources in these countries. This guideline aims to define the term of local investment and provides examples of development and recommendations. (A.L.B.)

  19. Asset pricing with index investing

    OpenAIRE

    Georgy Chabakauri; Oleg Rytchkov

    2014-01-01

    We provide a novel theoretical analysis of how index investing affects capital market equilibrium. We consider a dynamic exchange economy with heterogeneous investors and two Lucas trees and find that indexing can either increase or decrease the correlation between stock returns and in general increases (decreases) volatilities and betas of stocks with larger (smaller) market capitalizations. Indexing also decreases market volatility and interest rates, although those effects are weak. The im...

  20. Local investment in renewable energies

    International Nuclear Information System (INIS)

    Grepmeier, K.; Larsen, J.; Manolakaki, E.; Quantin, J.; Twele, J.

    2003-01-01

    This document presents european examples on the interest of the local investment, illustrated by cases studies in Germany, Denmark and Switzerland. Two main points were discussed: the financial tools and the french strategy. The colloquium provided many discussions and analyzes on the possibility of significant contribution to the collective efforts in favor of the public involvement in the renewable energies development in Europe. (A.L.B.)

  1. Hospital Capital Investment During the Great Recession.

    Science.gov (United States)

    Choi, Sung

    2017-01-01

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

  2. LEGISLATIVE REGULATION OF FOREIGN INVESTMENT IN UKRAINE

    Directory of Open Access Journals (Sweden)

    K. V. Zhyzhko

    2009-09-01

    Full Text Available In this article the basic regulatory documents controlling the foreign investments in Ukraine are considered and the recommendations for their improvement are proposed. Main disadvantages of present situation retarding the investing in Ukraine are analyzed.

  3. STUDY OF INVESTMENT AND ECONOMIC RELAUNCH

    Directory of Open Access Journals (Sweden)

    VĂDUVA MARIA

    2015-12-01

    Full Text Available Investment is the main route of economic growth, and for carrying out a modern structures branches of production. By investments to ensure economic and social development of our country,

  4. Investment banks in AIC – alternative loan

    Directory of Open Access Journals (Sweden)

    O.V. Lysenok

    2015-03-01

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

  5. Hospital Capital Investment During the Great Recession

    Science.gov (United States)

    Choi, Sung

    2017-01-01

    Hospital capital investment is important for acquiring and maintaining technology and equipment needed to provide health care. Reduction in capital investment by a hospital has negative implications for patient outcomes. Most hospitals rely on debt and internal cash flow to fund capital investment. The great recession may have made it difficult for hospitals to borrow, thus reducing their capital investment. I investigated the impact of the great recession on capital investment made by California hospitals. Modeling how hospital capital investment may have been liquidity constrained during the recession is a novel contribution to the literature. I estimated the model with California Office of Statewide Health Planning and Development data and system generalized method of moments. Findings suggest that not-for-profit and public hospitals were liquidity constrained during the recession. Comparing the changes in hospital capital investment between 2006 and 2009 showed that hospitals used cash flow to increase capital investment by $2.45 million, other things equal. PMID:28617202

  6. APPROACHES FOR EVALUATING AND FINANCING INVESTMENT PROJECTS

    Directory of Open Access Journals (Sweden)

    MARIA-LOREDANA POPESCU

    2011-04-01

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

  7. Interaction between Dynamic Financing and Investments

    DEFF Research Database (Denmark)

    Dockner, Engelbert J.; Mæland, Jøril; Miltersen, Kristian R.

    Debt priority rules, i.e., the rules determining how different classes of debt split the firm's assets after bankruptcy, influence the firm's investment decisions. Existing debt benefits from an investment either because the investment is equity financed or because new debt issued to (partly......) finance the investment has lower priority in the event of bankruptcy as is the case for the commonly used absolute priority rule (APR). This incentivizes equity holders to under invest. If debt priority rules are specified in such a way that existing debt can be exploited by issuing new debt, do equity...... holders have the incentive to over invest. We formulate a dynamic structural model to study the interaction of initial capital structure choice, investment policy, subsequent debt issues, and debt priority rules. We find that priority rules have a substantial impact on investment timing as well...

  8. DIRECT INVESTMENT ON REGIONAL MARKETS

    Directory of Open Access Journals (Sweden)

    LIVIU NEAMŢU

    2013-08-01

    Full Text Available Foreign direct investment are that category of investments that allow participation in leadership andeffective control of the companies in which it invests. It's so new firms, as well as the establishment ofinternational operations of the company through expansion of existing operations. Typically, the companyincurred in a market that is confined to a distinct geographical area, but the limits of market changes. Thechange can be the result of higher management decisions on market opening and development of a newtechnology or product. Markets with a lower level of development are likely to attract a higher level of directinvestments than those in more developed countries. The specific reasons behind the decision of a company toinvest abroad are operating efficiency, reduce risk, market development and Government policy in the hostcountry. Transnational corporations are large conglomerates which consists of the parent company and itssubsidiaries/branches, both in the country of residence and abroad. Transnational corporations affect stronglyboth the production and the world of international economic relations. This influence is determined by themotivations of expansion that they promote. The expansion of transnational corporations has as satisfying"ambitions" of global expansion, and impulsionate getting supraprofiturilor. The strength of these structures isbased on maximizing profits.

  9. Healthcare investment and income inequality.

    Science.gov (United States)

    Bhattacharjee, Ayona; Shin, Jong Kook; Subramanian, Chetan; Swaminathan, Shailender

    2017-12-01

    This paper examines how the relative shares of public and private health expenditures impact income inequality. We study a two period overlapping generation's growth model in which longevity is determined by both private and public health expenditure and human capital is the engine of growth. Increased investment in health, reduces mortality, raises return to education and affects income inequality. In such a framework we show that the cross-section earnings inequality is non-decreasing in the private share of health expenditure. We test this prediction empirically using a variable that proxies for the relative intensity of investments (private versus public) using vaccination data from the National Sample Survey Organization for 76 regions in India in the year 1986-87. We link this with region-specific expenditure inequality data for the period 1987-2012. Our empirical findings, though focused on a specific health investment (vaccines), suggest that an increase in the share of the privately provided health care results in higher inequality. Copyright © 2017 Elsevier B.V. All rights reserved.

  10. Determinación IN-SITU del factor de potencia y la eficiencia de motores asincrónicos a cargas parciales; Induction motor power factor and efficiency IN-SITU determination under partial loads.

    Directory of Open Access Journals (Sweden)

    Percy Rafael Viego Felipe

    2015-04-01

    Full Text Available Los motores asincrónicos trifásicos no siempre operan a plena carga y por lo tanto, el factor de potencia y la eficiencia se ven afectados. Determinar estos valores a diferentes cargas, es la base para programas ahorro en la industria y los servicios. En este trabajo se presentan procedimientos para la estimación del factor de potencia y la eficiencia a cargas parciales, con una precisión acorde a los propósitos ingenieriles, baja invasividad y sin implicar para el usuario complejidades de equipamiento o de adquisición y procesamiento de datos. Se ofrecen distintas variantes para la estimación del factor de potencia y la eficiencia, según los datos con que se cuente. Se comparan los resultados de los métodos propuestos con la información de catálogos comerciales. Se realiza un análisis con motores de distinta potencia y velocidad, que demuestra que se logra buena precisión para los propósitos señalados. Three phase induction motors are rarely operating at full load and, in consequence, power factor and efficiency are affected. Determining these values for different partial loads is needed for energy saving programs in industrial and service enterprises. In this work, procedures are given for power factor and efficiency estimation at different loads. These procedures are low or not-invasive, have a good precision for engineering purposes, and do not require neither complex equipment nor complicated acquisition and processing data systems Different ways for estimating the before mentioned parameters, depending on the known data, are given. The results of the proposed procedures are compared with those of manufacturer catalogs. A comparative analysis considering motors of different output power and speed is done, and it shows that the results are enough accurate for the established purposes.

  11. El mantenimiento a los transformadores de potencia; su análisis en el caso de una Central termoeléctrica cubana;Maintenance of power transformers; its analysis in the case of a Cuban thermal power station

    Directory of Open Access Journals (Sweden)

    Jorge Juan Montané - García,et al.

    2011-06-01

    Full Text Available El presente artículo está dirigido a la exposición del proceso de mantenimiento a los transformadores de potencia, el mantenimiento preventivo, las normativas de mantenimiento y las pruebas a transformadores de potencia, el mantenimiento predictivo, el análisis de gases disueltos en el aceite de transformadores, las condiciones de los transformadores según este análisis, las más importantes características del aislamiento de celulosa de los transformadores de potencia y la necesidad de complementar el análisis de gases disueltos con el análisis de derivados furánicos en el aceite para evaluar la disminución del grado de polimerización del aislamiento de celulosa, los índices de clase mundial del proceso de mantenimiento a transformadores de potencia y su cálculo para el caso de una central termoeléctrica cubana y el análisis del proceso utilizando la Distribución de Weibull, ofreciéndose recomendaciones para mejorar este proceso de mantenimiento.The authors write about the process of power transformers maintenance, the preventive maintenance, the maintenance standards and the tests of power transformers, the predicative maintenance, the analysis of dissolved gas in the transformers oil, the conditions of transformers in accordance with this analysis, the most important characteristics of the cellulose insulation of power transformers and the necessity to complement the dissolved gas analysis with the analysis of furan byproducts in the transformers oil in order to assess the reduction of the degree of polymerization of the cellulose insulation, the world class indicators of the process of power transformers maintenance and its calculation in the case of one of the Cuban steam power plants and the assess of this process using the Weibull distribution; at the end, authors give recommendations to improve the process of power transformers maintenance.

  12. Allocation of thermoelectric units in short term in large scale electric power systems; Asignacion de unidades termoelectricas a corto plazo en sistemas electricos de potencia de gran escala

    Energy Technology Data Exchange (ETDEWEB)

    Guillen Moya, Isaias

    1987-08-01

    mathematics with dynamic programming to accelerate the search of a solution and (2) the development of an alternating method to solve the economic dispatch problem without restrictions. This method does not have to form the curve of incremental equivalent cost, with which a great deal of memory storage and execution time are saved. [Spanish] Se presenta un metodo para resolver el problema de asignacion de unidades termoelectricas en sistemas electricos de potencia de gran escala. El problema consiste en determinar cuales unidades generadoras deberan ser programadas para entrar o salir de operacion durante los intervalos de horizonte de planeacion, de tal forma que se satisfagan a minimo costo, y en forma confiable la demanda pronosticada de potencia electrica y las restricciones fisicas y operativas de los componentes del sistema de potencia. El metodo esta compuesto por dos etapas: la primera etapa encuentra una solucion inicial factible de unidades termo por medio de metodos heuristicos. La segunda etapa produce una solucion a partir de un estado de asignacion inicial factible. El costo de operacion se reduce aplicando programacion dinamica en aproximaciones sucesivas, de tal forma que el producto de cada interaccion constituye el estado de asignacion de menor costo encontrado hasta esa etapa. El rango de busqueda para la solucion optima es reducido aplicando tecnicas de relajacion lagrangeana para seleccionar unicamente las unidades que tienen el mayor potencial de reducir el costo de operacion. El algoritmo es validado utilizando un sistema representativo del sistema interconectado nacional que consta de 108 unidades termoelectricas agrupadas en 7 grupos de generacion, para un horizonte de planeacion de una semana dividido en intervalos horarios, conteniendo 18,144 variables discretas, 18,144 variables continuas y 39,024 restricciones. En una computadora VAX 11/780 el problema es resuelto en 55 minutos de CPU con una estimacion del 1.02% de suboptimalidad que indica que

  13. Reliability optimization in compound electric power systems with the aid of evolutionary algorithms; Optimizacion de la confiabilidad en sistemas electricos de potencia compuestos utilizando algoritmos evolucionarios

    Energy Technology Data Exchange (ETDEWEB)

    Gomez Hernandez, Jose Alberto

    2001-11-15

    and branches, that contributes the most to the voltage collapse or singular point. The obtained results show the feasibility of the proposed algorithm for optimization of reliability considering conditions of security. The tested systems used are: Reliability test system of 24 nodes of the IEEE, Roy Billinton test system of 6 nodes and eastern area equivalent of the Mexican grid of 31 nodes of the Comision Federal de Electricidad. [Spanish] El proposito de evaluar la confiabilidad de Sistemas Electricos de Potencia (SEP) es para estimar la habilidad del sistema para desempenar su funcion de llevar la energia de las estaciones generadoras a los puntos de carga. Esto involucra la confiabilidad de fuentes de generacion y medios de transmision que afecta en la transferencia de potencia a traves del sistema de transmision que conlleva a perdida de carga y caidas de voltaje entre la generacion y los centros de consumo. En esta tesis se desarrolla una metodologia hibrida que optimiza la confiabilidad en sistemas compuestos (generacion-transmision) utilizando algoritmos evolucionarios. Esta tecnica de optimizacion determina el numero optimo de componentes (redundancia paralela en lineas de transmision) y asignacion de compensacion en derivacion en nodos de carga de la red necesarios para maximizar la confiabilidad sujeta a restricciones de costo, considerando condiciones de seguridad en estado estacionario usando la tecnica del minimo valor singular (MVS) como indicador a la inestabilidad de voltaje. La funcion objetivo se define como una funcion estocastica, donde la medida de interes es el MVS de la matriz Jacobiana de flujos de potencia del evento mas severo de acuerdo a la evaluacion de confiabilidad del sistema compuesto, esta formulacion es una combinacion de programacion no lineal entera y continua, donde los algoritmos convencionales de programacion matematica presentan dificultades en robustez y en la busqueda del optimo global. Los eventos de falla de las unidades

  14. Investment Attractiveness of Food Industries in Ukraine

    OpenAIRE

    L. О.

    2017-01-01

    Effective investment is a factor for long-term company development. As enhancement of investment attractiveness is a required condition for economic growth and improvement of living standards, it needs to be on the agenda at government and company level. The article’s objective is to study investment attractiveness of food industries in Ukraine over 2012–2015. Investment attractiveness of food industries can be measured by indicators of liquidity, financial sustainability, and profit rate...

  15. Potential of Sharia-compliant investments

    OpenAIRE

    Ishuayed, Mohamed; Ruiz, Frédéric

    2016-01-01

    Islamic finance and Sharia-compliant investing has seen substantial growth over the years. As more investors are interested in becoming fully Sharia-compliant, the question of what may they be giving up in exchange arises. This has led us to analyze the potential of Sharia-compliant investments. It is well known that having a Sharia-compliant investment portfolio could be rather restrictive as some sectors and investment instruments are forbidden such as tobacco, alcohol, gambling, pork produ...

  16. Foreign Investments in Russia in 2012

    OpenAIRE

    Ekaterina Iliukhina

    2013-01-01

    In 2012, a decline in foreign investors’ activities in the Russian Federation was observed. The inflow of foreign investments as a share of GDP decreased by 2.3 p.p. as compared to 2011. Foreign investments concentrated mainly in the industry and the fi nancial sector. In the industry, the leaders were manufacturing industries. As the geographic pattern of foreign investments is concerned, the largest volume of investments into the Russian Federation came from Switzerland, the Netherlands and...

  17. Do Older Investors Make Better Investment Decisions?

    OpenAIRE

    George M Korniotis; Alok Kumar

    2011-01-01

    This paper examines the investment decisions of older individual investors. We find that older and experienced investors are more likely to follow rules of thumb that reflect greater investment knowledge. However, older investors are less effective in applying their investment knowledge and exhibit worse investment skill, especially if they are less educated, earn lower income, and belong to minority racial/ethnic groups. Overall, the adverse effects of aging dominate the positive effects of ...

  18. Mejoramiento de la técnica ATPM para reducción de interferencia en sistemas de banda ancha por línea de potencia en residencias

    Directory of Open Access Journals (Sweden)

    José Roberto Cárdenas Castiblanco

    2014-04-01

    Full Text Available La interferencia electromagnética producida por los sistemas de comunicación de banda ancha por línea de potencia (en inglés, Broadband over Power Lines [BPL] en redes residenciales es un aspecto técnico que no está totalmente solucionado. Este artículo presenta una técnica en la cual la longitud y la carga de los ramales de la red, cuya topología es de bus, son modificadas para variar la función de transferencia del canal entre un transmisor y un receptor, con el objeto de disminuir la densidad espectral de potencia (DEP del transmisor. El algoritmo que desarrolla esta técnica hace uso de tres principios teóricos encontrados: la ganancia por distancia, la construcción discreta de la capacidad de canal y direccionalidad de los nodos de transmisión y recepción. Se estudió una red típica y, como resultado, combinando esta técnica con la técnica conocida como Adaptive Transmit Power Management (ATPM se logró una reducción de 26.4 dB en la densidad espectral de potencia.

  19. Relación del peso máximo con la fuerza aplicada y la potencia producida en un test creciente, en el ejercicio de press de banca plano con barra libre, en levantadores

    Directory of Open Access Journals (Sweden)

    Fernando Naclerio Ayllón

    2006-12-01

    Full Text Available Se evaluaron 9 levantadores que realizaron 2 test, en el ejercicio de press de banca plano con barra libre. Un test progresivo con pesos ligeros a máximos (TPR, y el test de una máxima repetición (1 MRD. Se midió la fuerza (f, velocidad (v y potencia (p con cada peso movilizado, se determinó el máximo peso desplazado en una única repetición (1 MR. Se observaron correlaciones significativas entre el valor de la 1 MR obtenida en el test de 1 MRPr y el de 1 MRD, entre la potencia máxima (absoluta y relativa al peso corporal y la 1 MR absoluta y relativa al peso corporal. No se observaron diferencias significativas (p < 0,05 entre el valor de la 1 MR obtenida en el test progresivo (1 MRPr y el alcanzado en el test de 1 MRD. Se acepta la aplicación del test progresivo (TPR para determinar los niveles de f, v, p, el valor de la 1 MR en kg, así como localizar los porcentajes de peso, respecto al nivel de la 1 MR, en donde se alcanzan los valores más altos de potencia mecánica, y estimar las adaptaciones funcionales inducidas por los entrenamientos de fuerza.

  20. Quantitative investment strategies and portfolio management

    NARCIS (Netherlands)

    Guo, J.

    2012-01-01

    This book contains three essays on alternative investments and portfolio management. Taking from a portfolio investor’s perspective, the first essay analyzes the portfolio implication of investing in hedge funds when there is a hedge fund lockup period. The second essay studies the investment

  1. Pension fund sophistication and investment policy

    NARCIS (Netherlands)

    de Dreu, J.|info:eu-repo/dai/nl/364537906; Bikker, J.A.|info:eu-repo/dai/nl/06912261X

    This paper assesses the sophistication of pension funds’ investment policies using data on 748 Dutch pension funds during the 1999–2006 period. We develop three indicators of sophistication: gross rounding of investment choices, investments in alternative sophisticated asset classes and ‘home bias’.

  2. 76 FR 43385 - Lending and Investment

    Science.gov (United States)

    2011-07-20

    ... DEPARTMENT OF THE TREASURY Office of Thrift Supervision Lending and Investment AGENCY: Office of... collection. Title of Proposal: Lending and Investment. OMB Number: 1550-0078. Form Number: N/A. Description: Current OTS regulations for the documentation of loans and investments for safety and soundness purposes...

  3. 76 FR 28504 - Lending and Investment

    Science.gov (United States)

    2011-05-17

    ... DEPARTMENT OF THE TREASURY Office of Thrift Supervision Lending and Investment AGENCY: Office of... collection. Title of Proposal: Lending and Investment. OMB Number: 1550-0078. Form Number: N/A. Description: Current OTS regulations for the documentation of loans and investments for safety and soundness purposes...

  4. 31 CFR 560.207 - Prohibited investment.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false Prohibited investment. 560.207... § 560.207 Prohibited investment. Except as otherwise authorized pursuant to this part, and... investment by a United States person in Iran or in property (including entities) owned or controlled by the...

  5. 31 CFR 560.316 - New investment.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false New investment. 560.316 Section 560.316 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) OFFICE OF... § 560.316 New investment. The term new investment means a transaction after 12:01 EDT, May 7, 1995, that...

  6. 31 CFR 586.312 - New investment.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false New investment. 586.312 Section 586.312 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) OFFICE OF...) KOSOVO SANCTIONS REGULATIONS General Definitions § 586.312 New investment. The term new investment means...

  7. Perspectives of state investment policy in Russia

    Directory of Open Access Journals (Sweden)

    Rumyantseva Anna

    2018-01-01

    Full Text Available The state investment policy is an important mechanism for the country economy development. The main elements of the state investment policy allow us to outline the ways of this process development in order to increase the economic growth rates and overcome the investment climate complexities.

  8. PARTICULARITIES OF BUDGETING OF INVESTMENTS YIELD

    Directory of Open Access Journals (Sweden)

    ANCA JARMILA GUŢĂ

    2011-01-01

    Full Text Available The paper presents some particularities of the budget process of all the investments as a main aspect in taking the best decision according to the main use of all the firms’ resources. As a measure method of the investments yield the main one is that which describes the relationship between the profit and the investment which improves the deccisional process.

  9. FOREIGN INVESTMENTS IN RUSSIA IN 2013

    OpenAIRE

    Ekaterina Ilyukhina

    2014-01-01

    Foreign investment in the Russian economy in 2013 increased 10.1% year-o-year. The increase was triggered by the results achieved in Q1 2013. Foreign investment was concentrated in the industrial sector, trade, and financial sector. Manufacturing industry was leading in the industrial sector. Cyprus, Switzerland, and Great Britain were leading in volumes of investment in the Russian Federation.

  10. 12 CFR 228.23 - Investment test.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 3 2010-01-01 2010-01-01 false Investment test. 228.23 Section 228.23 Banks... COMMUNITY REINVESTMENT (REGULATION BB) Standards for Assessing Performance § 228.23 Investment test. (a) Scope of test. The investment test evaluates a bank's record of helping to meet the credit needs of its...

  11. Chinese outward foreign direct investments to Europe

    NARCIS (Netherlands)

    Blomkvist, Katarina; Drogendijk, Rian

    This paper addresses Chinese outward foreign direct investments (OFDI) in Europe. We aim to provide more knowledge on the ongoing research discussion about Chinese OFDI, more specifically, we answer questions about what is driving Chinese firms to invest in Europe, and whether Chinese investment

  12. Investments in art: opportunities and challenges

    OpenAIRE

    Pashkus, M.

    2013-01-01

    Art as an investment avenue has been considered an interesting and profitable alternative, but it is also extremely risky. These alternative investments' performance is alluring. Indices tracking the performance of high-class art have held up well in the recent economic slowdown, while art-auction houses report record prices. This article discusses the basic problems of investment in works of Art.

  13. 78 FR 1991 - Major Capital Investment Projects

    Science.gov (United States)

    2013-01-09

    ... Administration 49 CFR Part 611 Major Capital Investment Projects; Notice of Availability of Proposed New Starts... Capital Investment Projects AGENCY: Federal Transit Administration (FTA), DOT. ACTION: Final rule. SUMMARY... capital investments seeking funding under the discretionary ``New Starts'' and ``Small Starts'' programs...

  14. 75 FR 31383 - Major Capital Investment Projects

    Science.gov (United States)

    2010-06-03

    ...-0009] RIN 2132-AB02 Major Capital Investment Projects AGENCIES: Federal Transit Administration (FTA... current approach to evaluating and rating major capital investment projects (``New Starts'' and ``Small...'' to address identified transportation needs in the corridor without a major capital investment in new...

  15. National investment programs and sustainable development

    OpenAIRE

    Szyja, Paulina

    2014-01-01

    In situation of economic crisis many countries, for example the United States, members of European Union prepared anti-crisis programs to conduct investments. In most cases, they concentrated on modernization of transport or energy infrastructure. In Poland it would have been presented program "Polish Investments". The main purposes of the article is presentation of public investments programs and their role in sustainable development.

  16. 12 CFR 703.16 - Prohibited investments.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Prohibited investments. 703.16 Section 703.16 Banks and Banking NATIONAL CREDIT UNION ADMINISTRATION REGULATIONS AFFECTING CREDIT UNIONS INVESTMENT AND DEPOSIT ACTIVITIES § 703.16 Prohibited investments. (a) Derivatives. A Federal credit union may...

  17. 47 CFR 32.1406 - Nonregulated investments.

    Science.gov (United States)

    2010-10-01

    ... 47 Telecommunication 2 2010-10-01 2010-10-01 false Nonregulated investments. 32.1406 Section 32.1406 Telecommunication FEDERAL COMMUNICATIONS COMMISSION (CONTINUED) COMMON CARRIER SERVICES UNIFORM... Nonregulated investments. This account shall include the carrier's investment in nonregulated activities...

  18. Does Investment Treaty Affect the Improvement on FDI?

    OpenAIRE

    Eunsook Seo

    2008-01-01

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

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

    Science.gov (United States)

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

    2013-04-01

    , and each measure is linked to possibilities for investment and financing mechanisms. The tool can be used by consultants, water authorities, non-governmental and commercial investors alike to test investment strategies, but could also be used by companies as a vehicle for advertisement water saving or crop water productivity technologies that can be evaluated on their effectiveness on the spot. We show initial results based on a preliminary study on the Middle East and North African region.

  20. Robust control decentralized by sliding ways of electrical of power multi-machines systems; Control robusto descentralizado por modos deslizantes de sistemas electricos de potencia multimaquinas

    Energy Technology Data Exchange (ETDEWEB)

    Huerta Avila, Hector

    2008-09-15

    This work deals with the problem of robust decentralized control of multimachine electric power systems. These systems are subject to different perturbations, such as short circuits, connection and/or disconnection of loads, lines generators, mechanical torque variations, etc. Then, it is necessary controllers which guarantee robustness under those perturbations to provide electrical energy to the loads with admissible stability margins. Moreover, the controller must be robust under parametric variations due to model uncertainties, and other physical reasons. The electrical power systems are modeled as complex great scale nonlinear systems. Then, the controller design is a challenging problem. Thus, the decentralized control schemes enable to avoid these problems. This work proposes three novel robust nonlinear techniques. The first one is based on the block control and integral sliding modes. The second obtains a sliding manifold from the Hamiltonian model of a nonlinear system to use this manifold in the integral sliding modes. The third technique enables to apply the sliding mode technique to a nonlinear block controllable system, by using Lyapunov function in each block. Then, four control schemes for electric power systems are designed. The four control schemes are robust under the perturbations of electric power systems mentioned above. The controllers proposed can be implemented in any electric power system with n generators, m lines and k loads. [Spanish] Este trabajo esta dedicado al diseno de esquemas de control robustos descentralizados que sean capaces de responder satisfactoriamente en sistemas electricos de potencia multimaquinas. Estos sistemas estan sujetos a perturbaciones de diferentes tipos, como cortos circuitos, entrada y salida de lineas de cargas o de generadores. Es evidente la necesidad de controladores que puedan rechazar estas perturbaciones para proveer energia de calidad y sin interrupciones a todos los usuarios conectados a la red

  1. 77 FR 27499 - Destra Capital Investments LLC and Destra Unit Investment Trust; Notice of Application

    Science.gov (United States)

    2012-05-10

    ... SECURITIES AND EXCHANGE COMMISSION [Investment Company Act Release No. 30059; 812-13574-01] Destra Capital Investments LLC and Destra Unit Investment Trust; Notice of Application May 3, 2012. AGENCY...) of the Investment Company Act of 1940 (``Act'') for an exemption from sections 2(a)(32), 2(a)(35), 14...

  2. 77 FR 35082 - Arrow Investment Advisers, LLC and Arrow Investments Trust; Notice of Application

    Science.gov (United States)

    2012-06-12

    ... SECURITIES AND EXCHANGE COMMISSION [Investment Company Act Release No. 30100; 812-13937] Arrow Investment Advisers, LLC and Arrow Investments Trust; Notice of Application June 6, 2012. AGENCY: Securities... 6(c) of the Investment Company Act of 1940 (``Act'') for an exemption from sections 2(a)(32), 5(a)(1...

  3. 76 FR 61769 - Destra Capital Investments LLC and Destra Unit Investment Trust; Notice of Application

    Science.gov (United States)

    2011-10-05

    ... SECURITIES AND EXCHANGE COMMISSION [Investment Company Act Release No. 29825; 812-13575] Destra Capital Investments LLC and Destra Unit Investment Trust; Notice of Application September 29, 2011. AGENCY... 12(d)(1)(J) of the Investment Company Act of 1940 (``Act'') for an exemption from sections 12(d)(1)(A...

  4. 76 FR 2029 - Small Business Investment Companies-Energy Saving Qualified Investments

    Science.gov (United States)

    2011-01-12

    ... 3245-AF86 Small Business Investment Companies--Energy Saving Qualified Investments AGENCY: U.S. Small... Administration (SBA) is setting forth the new defined terms, ``Energy Saving Qualified Investment'' and ``Energy Saving Activities'', for the Small Business Investment Company (SBIC) Program. The new definitions are...

  5. 77 FR 18277 - Domini Social Investment Trust and Domini Social Investments LLC; Notice of Application

    Science.gov (United States)

    2012-03-27

    ... SECURITIES AND EXCHANGE COMMISSION [Investment Company Act Release No. 29984; 812-13971] Domini Social Investment Trust and Domini Social Investments LLC; Notice of Application March 21, 2012. AGENCY... the Investment Company Act of 1940 (``Act'') for an exemption from section 15(a) of the Act and rule...

  6. 12 CFR 703.5 - Discretionary control over investments and investment advisers.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Discretionary control over investments and investment advisers. 703.5 Section 703.5 Banks and Banking NATIONAL CREDIT UNION ADMINISTRATION REGULATIONS AFFECTING CREDIT UNIONS INVESTMENT AND DEPOSIT ACTIVITIES § 703.5 Discretionary control over investments and...

  7. 78 FR 77377 - Small Business Investment Companies-Investments in Passive Businesses

    Science.gov (United States)

    2013-12-23

    ... SMALL BUSINESS ADMINISTRATION 13 CFR Part 107 RIN 3245-AG57 Small Business Investment Companies--Investments in Passive Businesses AGENCY: U.S. Small Business Administration. ACTION: Proposed rule. SUMMARY... Investment Company (SBIC) program concerning investments in passive businesses. SBICs are generally...

  8. Analysis of System-Wide Investment in the National Airspace System: A Portfolio Analytical Framework and an Example

    Science.gov (United States)

    Bhadra, Dipasis; Morser, Frederick R.

    2006-01-01

    In this paper, the authors review the FAA s current program investments and lay out a preliminary analytical framework to undertake projects that may address some of the noted deficiencies. By drawing upon the well developed theories from corporate finance, an analytical framework is offered that can be used for choosing FAA s investments taking into account risk, expected returns and inherent dependencies across NAS programs. The framework can be expanded into taking multiple assets and realistic values for parameters in drawing an efficient risk-return frontier for the entire FAA investment programs.

  9. Minimal investment risk of a portfolio optimization problem with budget and investment concentration constraints

    Science.gov (United States)

    Shinzato, Takashi

    2017-02-01

    In the present paper, the minimal investment risk for a portfolio optimization problem with imposed budget and investment concentration constraints is considered using replica analysis. Since the minimal investment risk is influenced by the investment concentration constraint (as well as the budget constraint), it is intuitive that the minimal investment risk for the problem with an investment concentration constraint can be larger than that without the constraint (that is, with only the budget constraint). Moreover, a numerical experiment shows the effectiveness of our proposed analysis. In contrast, the standard operations research approach failed to identify accurately the minimal investment risk of the portfolio optimization problem.

  10. Comparative Analysis of Investment Decision Models

    Directory of Open Access Journals (Sweden)

    Ieva Kekytė

    2017-06-01

    Full Text Available Rapid development of financial markets resulted new challenges for both investors and investment issues. This increased demand for innovative, modern investment and portfolio management decisions adequate for market conditions. Financial market receives special attention, creating new models, includes financial risk management and investment decision support systems.Researchers recognize the need to deal with financial problems using models consistent with the reality and based on sophisticated quantitative analysis technique. Thus, role mathematical modeling in finance becomes important. This article deals with various investments decision-making models, which include forecasting, optimization, stochatic processes, artificial intelligence, etc., and become useful tools for investment decisions.

  11. Socially responsible investments in mutual funds

    Directory of Open Access Journals (Sweden)

    Funaru, M.

    2011-01-01

    Full Text Available This paper aims to add contribution to the socially responsible investments (from now on called “SRI” research by examining the significance of this type of investment in terms of ethical or financial prior behaviour. Using the sample of European market of socially responsible investments funds, we first explore the SRI market dimension compared to the global data on SRI. We also investigate whether the ethical recognition is more important rather than the financial performance. Applied to the European social responsible investment fund market, the paper investigates the difference between these two aspects of behaviour and underlies the importance of socially responsible investments in promoting a sustainable development.

  12. ECONOMIC AND SOCIAL EFFICIENCY OF PROPERTY INVESTMENTS

    Directory of Open Access Journals (Sweden)

    Florina Oana Virlanuta

    2014-03-01

    Full Text Available Investments play a key part within the goods and services industry, consumerism and community as well. The effects generated by any investment project substantiate this statement, regardless the sector of activity in which they are implemented. In the current market economy, economic efficiency indicators are playing an important role in assessing and analyzing an investment project since due to these indicators, the investor can become aware of the most important aspects they need to respond promptly. In this respect, we conducted a market analysis of real estate investments in Romania, highlighting economic and social efficiency of property investments.

  13. Introducción de un ELISA como ensayo alternativo en la determinación de la potencia de vacunas antitetánicas

    Directory of Open Access Journals (Sweden)

    Juan Carlos Ramírez

    2005-05-01

    Full Text Available Por más de medio siglo de uso, la vacunación con el toxoide tetánico ha mostrado un elevado porcentaje de eficacia en la prevención del tétanos. Este trabajo pretende introducir un ensayo inmunoenzimático en fase sólida (ELISA como método alternativo a la prueba de seroneutralización in vivo utilizada en la evaluación de la potencia de las vacunas antitetánicas.Se desarrolló un ELISA de tipo indirecto para la cuantificación de antitoxina tetánica en suero de curiel a partir de un estándar con 29 UI/mL, previamente calibrado. Se determinó la precisión, exactitud y linealidad del ensayo. Se analizó la correlación entre el ELISA y la prueba biológica mediante la evaluación de un total de 75 muestras de sueros por ambos métodos. Por último, se estudió la respuesta individual de un grupo de animales contra 15 lotes de toxoide tetánico. El ensayo demostró ser preciso y exacto, con imprecisiones inferiores al 20% y valores de recuperación entre el 90–110%. Las desviaciones del paralelismo mostraron coeficientes de variación alrededor del 10%. El análisis por regresión lineal mostró una buena correlación entre el ELISA y el ensayo biológico (R2= 0,989. El método alternativo desarrollado probó ser una herramienta útil para la determinación de la potencia de vacunas antitetánicas a partir de la evaluación independiente de la respuesta de cada animal contra el toxoide tetánico.Los niveles de seroprotección alcanzados se encontraron entre el 83–100%.

  14. Evidencias empíricas de regularidades estadísticas y leyes de potencia en los genomas de Arabidopsis thaliana, Oriza sativa y Mus musculus

    Directory of Open Access Journals (Sweden)

    Martha I Almanza P.

    2010-07-01

    Full Text Available La masiva cantidad de datos biológicos provenientes de las disciplinas "ómicas" y su aprovechamiento en el mejoramiento genético vegetal requiere de nuevos abordajes teóricos y estadísticos que describan de forma satisfactoria principios generales en los genomas. El total de secuencias de los genes de los genomas vegetales de Arabidopsis thaliana y Oriza sativa y del genoma animal Mus musculus fueron extraídas y depuradas de la base de datos pública del Genebank mediante el diseño de algoritmos en lenguaje de programación Python. Se analizaron las distribuciones de las variables frecuencia de uso y tamaño de los genes, exones e intrones por cromosoma y entre genomas. Los resultados señalaron que las variables presentan patrones de comportamiento no lineales en forma de ley de potencia que difieren estadísticamente entre los genomas pero no entre los cromosomas de un mismo genoma. Además, el análisis aportó evidencias respecto al tamaño promedio constante de las secuencias de exones y de los genes simples por cromosoma y entre genomas. Los hallazgos sugieren: primero, que el genoma se auto-organiza de la misma manera en los cromosomas independientemente del tamaño o número de genes que estos contengan, y, segundo, que tanto los cromosomas como sus elementos constituyentes: genes, exones e intrones han evolucionado conjuntamente. El estudio señala que las leyes de potencia cumplen un papel amortiguador en las leyes de variación biológica y proporcionan medidas cuantitativas de la organización de las secuencias de ADN que definen la identidad de un genoma. La regularidad estadística de estas medidas genéticas tiene potenciales aplicaciones en el incremento del valor predictivo de los actuales modelos de mejoramiento genético vegetal.

  15. Fuzzy controller of speed-power of a synchronous micro generator; Controlador difuso de velocidad-potencia de un microgenerador sincrono

    Energy Technology Data Exchange (ETDEWEB)

    Martinez Alvarado, Raziel

    2002-11-01

    This thesis shows the design and implementation of a speed-power fuzzy-logic controller. The controller implementation was carried out on the Schrage motor-synchronous generator set. The synchronous alternator is rated 7 kVA, 220 V, 1800 rpm, 60 Hz. Two PI like fuzzy-logic controllers were developed with 9 and 25 rules. The controllers use the speed or power error and its integral as input variables and as an output the control signal from the brush-positioner of the Schrage motor. At the controller design stage, the anfis (adaptive-network-based fuzzy inference system) learning and structure procedure was used for tuning up parameters of the membership functions used on the designed fuzzy controllers. These controllers are first-order Sugeno-type. The designed controllers were tested on the motor-generator set under loaded and no-loaded conditions. It was found that PI-9 rules fuzzy-logic controller had better performance on both operating conditions. [Spanish] En este trabajo de tesis se presenta el diseno e implementacion de un controlador difuso de velocidad-potencia, para un grupo motor Schrage-generador sincrono de 7 kVA, 220 V, 1800 rpm, 60 Hz. Se implementaron controladores difusos del tipo PI de 9 y 25 reglas. Estos controladores utilizan como variables de entrada el error y la integral del error, de velocidad o potencia segun corresponda, y como variable de salida la senal de control del posicionador de las escobillas del motor Schrage. En la etapa de diseno de los controladores, se utilizo la estructura y el procedimiento de aprendizaje anfis (Sistema de Inferencia Difuso Basado en Redes Adaptables, por sus siglas en ingles) para sintonizar los parametros de las funciones de membresia de los controladores difusos, los cuales son del tipo Sugeno de primer orden. Con la finalidad de validar los controladores disenados, se realizaron pruebas experimentales al grupo motor-generador en condiciones de vacio y carga. Se encontro que el controlador difuso tipo

  16. Preliminary Monthly Climatological Summaries

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Preliminary Local Climatological Data, recorded since 1970 on Weather Burean Form 1030 and then National Weather Service Form F-6. The preliminary climate data pages...

  17. Pemanfaatan Limbah Investment Menjadi Barang Kerajinan

    Directory of Open Access Journals (Sweden)

    Hastuti Kusreni

    2016-04-01

    Full Text Available Penelitian ini dimaksudkan untuk memanfaatkan kembali limbah investment padat yang dihasilkan dengan menggunakan teknologi proses pembuatan barang kerajinan yang bisa  diterapkan untuk usaha kecil kerajinan. Pada pembuatan perhiasan dengan metode wax lost casting digunakan bahan investment powder yang menghasilkan limbah padat investment. Limbah padat investment bisa dibuat barang kerajinan dengan cara menambah resin katalist, gips, alkasit, sabut kelapa, semen putih, yang bertujuan untuk memperbaiki sifat plastisitas, meningkatkan kekuatan dan mempercepat pengeringan. Untuk menentukan kualitas sampel dilakukan uji terhadap sifat plastisitas, kekuatan, kekerasan dan waktu pengeringan yang dilakukan secara visual. Hasil olahan limbah investment dengan penambahan gips, alkasit, sabut kelapa dengan komposisi 10:2:1:4, pengeringan selama 3 hari menghasilkan barang kerajinan yang kurang keras, plastis dan kuat. Hasil olahan limbah investment dengan penambahan gips, semen putih dengan komposisi 10:2:4, pengeringan selama 3 jam menghasilkan barang kerajinan yang keras dan plastis. Kata kunci : limbah investment padat

  18. Remodelamento miocárdico após grandes infartos converte potenciação pós-pausa em decaimento da força em ratos

    Directory of Open Access Journals (Sweden)

    Danilo Sales Bocalini

    2012-03-01

    Full Text Available FUNDAMENTO: A Contração Pós-Repouso (CPR do músculo cardíaco fornece informações indiretas sobre a manipulação de cálcio intracelular. OBJETIVO: Nosso objetivo foi estudar o comportamento da CPR e seus mecanismos subjacentes em camundongos com infarto do miocárdio. MÉTODOS: Seis semanas após a oclusão coronariana, a contratilidade dos Músculos Papilares (MP obtidos a partir de camundongos submetidos à cirurgia sham (C, n = 17, com infarto moderado (MMI, n = 10 e grande infarto (LMI, n = 14, foi avaliada após intervalos de repouso de 10 a 60 segundos antes e depois da incubação com cloreto de lítio (Li+ em substituição ao cloreto de sódio ou rianodina (Ry. A expressão proteica de SR Ca(2+-ATPase (SERCA2, trocador Na+/Ca2+ (NCX, fosfolambam (PLB e fosfo-Ser (16-PLB foi analisada por Western blotting. RESULTADOS: Os camundongos MMI apresentaram potenciação de CPR reduzida em comparação aos camundongos C. Em oposição à potenciação normal para camundongos C, foram observadas degradações de força pós-repouso nos músculos de camundongos LMI. Além disso, a Ry bloqueou a degradação ou potenciação de PRC observada em camundongos LMI e C; o Li+ inibiu o NCX e converteu a degradação em potenciação de CPR em camundongos LMI. Embora os camundongos MMI e LMI tenham apresentado diminuição no SERCA2 (72 ± 7% e 47 ± 9% de camundongos controle, respectivamente e expressão protéica de fosfo-Ser16-PLB (75 ± 5% e 46 ± 11%, respectivamente, a superexpressão do NCX (175 ± 20% só foi observada nos músculos de camundongos LMI. CONCLUSÃO: Nossos resultados mostraram, pela primeira vez, que a remodelação miocárdica pós-IAM em camundongos pode mudar a potenciação regular para degradação pós-repouso, afetando as proteínas de manipulação de Ca(2+ em miócitos.

  19. Are stricter investment rules contagious? Host country competition for foreign direct investment through international agreements

    OpenAIRE

    Neumayer, Eric; Nunnenkamp, Peter; Roy, Martin

    2014-01-01

    We argue that the trend toward international investment agreements (IIAs) with stricter investment rules is driven by competitive diffusion, namely defensive moves of developing countries concerned about foreign direct investment (FDI) diversion in favor of competing host countries. Accounting for spatial dependence in the formation of bilateral investment treaties (BITs) and preferential trade agreements (PTAs) that contain investment provisions, we find that the increase in agreements with ...

  20. Giga-Investments: Modelling the Valuation of Very Large Industrial Real Investments

    OpenAIRE

    Collan, Mikael

    2004-01-01

    In this doctoral dissertation characteristics of very large industrial real investments (VLIRI) are investigated and a special group of VLIRI is defined as giga-investments. The investment decision-making regarding to giga-investments is discussed from the points of view of discounted cash-flow based methods and real option valuation. Based on the bacground of establishing giga-investments, state-of-the-art in capital budgeting (including real options) and by applying fuzzy numbers a novel me...

  1. Investing in e-health

    CERN Document Server

    Gustafson, David H; Hawkins, Robert P

    2007-01-01

    As the Internet's presence in health care grows more pervasive, an increasing number of health care providers have begun to implement eHealth innovations in their practice. This book explores the development of a model to predict and explain the degree of success it is possible to achieve in implementing e-health systems. This model allows an institution to benchmark its progress towards IHCS implementation and advises administrators where to invest resources to increase the chance of successful implementation. A set of case studies highlights key features of the model, with each case study fu

  2. Ecological Transition and Green Investment

    International Nuclear Information System (INIS)

    Bureau, Dominique

    2016-01-01

    By introducing an exhaustible resource into an AK growth model, we can identify the determinants of the scale of green investment needs and its impact on capital accumulation dynamics. The role of green capital in the transition to a low-carbon economy depends, in particular, on the relative magnitudes of the elasticities of demand for polluting goods and of the substitutability between green capital and natural resources. The impact on the optimal savings rate also depends on the productivity of green capital and on the ability to adapt existing capital

  3. Optimal lag in dynamical investments

    OpenAIRE

    Serva, M.

    1998-01-01

    A portfolio of different stocks and a risk-less security whose composition is dynamically maintained stable by trading shares at any time step leads to a growth of the capital with a nonrandom rate. This is the key for the theory of optimal-growth investment formulated by Kelly. In presence of transaction costs, the optimal composition changes and, more important, it turns out that the frequency of transactions must be reduced. This simple observation leads to the definition of an optimal lag...

  4. Leverage, Investment, and Firm Growth

    OpenAIRE

    Larry Lang; Eli Ofek; Rene M. Stulz

    1995-01-01

    We show that there is a negative relation between leverage and future growth at the firm level and, for diversified firms, at the segment level. Further, this negative relation between leverage and growth holds for firms with low Tobin's q, but not for high-q firms or firms in high-q industries. Therefore, leverage does not reduce growth for firms known to have good investment opportunities, but is negatively related to growth for firms whose growth opportunities are either not recognized by ...

  5. New investment powers of Euratom

    International Nuclear Information System (INIS)

    Hahn, O.

    1979-01-01

    A steady expansion of nuclear capacity in the European Community is one of the major ways of preventing unacceptable rises in oil imports. Over the period 1978 to 1985, the creation of the necessary nuclear capacity will require about Pound42000 million, and to help utilities Euratom is prepared to provide loans up to 20 per cent of the total investment cost of a project. The purpose is to complement, not replace, traditional financing resources. Fuel cycle facilities may be prominent in future loans. (U.K.)

  6. Innovation investment area: Technology summary

    International Nuclear Information System (INIS)

    1994-03-01

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

  7. Rubber molds for investment casting

    International Nuclear Information System (INIS)

    Sibtain, S.N.

    2011-01-01

    The main objective of the project is to investigate different types of molding rubbers used for investment casting. The level of shape complexity which can be achieved by using these rubber molds is also studied. It was almost impossible to make complex shapes molds using metal molds, in that cases rubber molds are very important because they arc flexible and give accurate and precise part dimensions. Turbine blades are hi-tech components with air-foil geometries that have close dimensional tolerances. They are made of super-alloys and manufactured by investment casting. The final blade profile depends upon the dimensional accuracy in each of the processing steps. In the present work experimental study for the production of high quality low cost castings of turbine blades using rubber molds and injected wax patterns is presented. Natural Rubber molds and wax patterns from these molds were made. Different types of molding rubbers were studied including natural rubber, silicone rubber and liquid silicone rubber. It was found that by using rubber molds we can make most complex shape with very less finishing required. The shrinkage was 12% as compared to original master pattern. Rubber molds were made using laboratory hot press. Three layers of rubber above and below the master pattern. After that vulcanization was done by giving temperature and pressure. (author)

  8. Advocating investments in information technology

    International Nuclear Information System (INIS)

    Nirenberg, L.M.

    1992-01-01

    Information and communication systems can improve the timeliness and quality of decisions. These benefits are strategically important to the utility industry in an era of increasing competition. Because these systems often do not reduce labor cost, however, they can be difficult to evaluate. This report presents a new process for reaching consensus of the value of capital investment in information and communication systems. The results of this project is A Strategic Advocacy Process (ASAP), a methodology that can be used to evaluate investments in information technology. ASAP uses belief graphs to produce a living business case showing facts, assumptions, goals, and metrics for measuring progress toward those goals; shows how to use option pricing theory to quantify the value of managerial flexibility; ASAP uses an organizational impact assessment tool to identify the potential impact of new information systems and how to realize the benefits of managerial flexibility. The ASAP methodology addresses the critical problem of correctly valuing information and communication systems. The methodology offers a way to account for the ''intangible'' value of these systems by recognizing the managerial flexibility these systems can provide in addressing risks and uncovering new business opportunities. Metrics for measuring progress toward new goals can be defined, and plans for achieving the goals can be made. As a result, agreement can be reached on the uses, value, and priority of projects based on a metric other than on labor replacement savings

  9. Innovation investment area: Technology summary

    Energy Technology Data Exchange (ETDEWEB)

    1994-03-01

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

  10. El extractivismo en la Revolución Bolivariana: “potencia energética mundial” y resistencias eco-territoriales

    Directory of Open Access Journals (Sweden)

    Emiliano Teran Mantovani

    2015-09-01

    Full Text Available El siguiente trabajo intenta mostrar los rasgos de la política extractiva en la Revolución Bolivariana, haciendo evidente cómo, a partir de 2004, se va reconfigurando un extractivismo repotenciado sobre la idea de llevar a Venezuela a ser una “potencia energética mundial” a partir de la explotación de la Faja Petrolífera del Orinoco. Al mismo tiempo, se muestran las dinámicas de disputa política que giran en torno a los llamados “recursos naturales”, los territorios del país y sus pobladores, tratando de evidenciar tanto las lógicas disciplinarias del Estado, como las diversas resistencias sociales al avance extractivista. Abstract This paper aims to show the features of extractive policy in the Bolivarian Revolution, making clear how, from 2004, a repowered extractivism is being reconfi-gured, based on the idea of taking Venezuela to be a “World Energy Power” providing the exploitation of the Orinoco Oil Belt. At the same time, the paper presents the dynamics of political dispute taking place around the so-called “natural resources”, the territories of the country and their inhabitants, in order to show both the disciplinary logic of the state, and the different social resistances against the advance of extractivism.

  11. Harmonic pollution produced by low power nonlinear loads: mathematical model and practical cases; Contaminacion armonica producida por cargas no lineales de baja potencia: modelo matematico y casos practicos

    Energy Technology Data Exchange (ETDEWEB)

    Mora Barajas, M.A.; Banuelos Sanchez, P. [Universidad de las Americas Puebla (Mexico)]. E-mail: marco.morabs@udlap.mx; pedro.banuelos@udlap.mx

    2010-04-15

    Many household electrical appliances like televisions, video recorders and computers are sources of voltage and current harmonics, which increase power losses and contaminate the AC power line. These harmonics can cause serious problems in both, utilities and electrical equipment connected to the same AC line. This paper shows a mathematical analysis of harmonics content on the electrical current for a circuit representing a non linear residential load. A comparative harmonic distortion study produced by the residential loads on the electrical power lines, measured experimentally, is also shown. [Spanish] Muchos de los aparatos electricos que tenemos en casa como televisores, videograbadoras y computadoras, generan armonicos de voltaje y de corriente que incrementan las perdidas de potencia y contaminan las lineas de suministro electrico, pudiendo ocasionar severos danos tanto a las redes de energia como a los equipos que de ellas se alimentan. En este articulo se muestra un analisis matematico del contenido armonico en la corriente de un circuito que representa a una carga residencial no lineal. Ademas, a partir de mediciones electricas realizadas de manera experimental, se presente un estudio comparativo de la contaminacion armonica que este tipo de cargas introduce a las lineas de suministro electrico.

  12. DISEÑO DE UNA HERRAMIENTA EFICIENTE DE SIMULACIÓN AUTOMÁTICA DE FALLAS EN SISTEMAS ELÉCTRICOS DE POTENCIA

    Directory of Open Access Journals (Sweden)

    LUCAS PÉREZ-HERNÁNDEZ

    2010-01-01

    Full Text Available En este artículo se propone una alternativa eficiente para la simulación automática de fallas en sistemas de potencia a partir de una estrategia cooperativa entre Matlab â y el ATP. Esta estrategia de simulación permite reducir el tiempo para la obtención de una base de datos de fallas, tal como lo demuestran los resultados comparativos obtenidos en el caso de cuatro sistemas diferentes, donde se obtuvieron reducciones promedio del 96% en el tiempo de simulación, con respecto al tiempo de simulación obtenido con las metodologías clásicas. Las bases de datos obtenidas a partir de las simulaciones son normalmente utilizadas para ajustar herramientas de computación suave aplicadas a la resolución de problemas, tal como el aquí referenciado y asociado a la localización de fallas en sistemas de distribución de energía eléctrica.

  13. A potência instituinte no projeto "Exercendo Cidadania" La potencia instituyente en el proyecto "Ejerciendo la Ciudadanía" The instituting power in the project "Exercising Citizenship"

    Directory of Open Access Journals (Sweden)

    Fabiana Davel Canal

    2012-12-01

    Full Text Available As Penas e Medidas Alternativas (PMAs são cada vez mais utilizadas pelo sistema jurídico brasileiro. Diante desse contexto, a Vara de Execuções de Penas e Medidas Alternativas do Espírito Santo estabeleceu um convênio com Prefeitura Municipal de Vitória que oferece um curso de formação em Direitos Humanos, intitulado "Exercendo Cidadania" como forma de cumprimento das PMAs. Este artigo é resultado da análise preliminar de uma pesquisa que tem como objetivo analisar a execução das PMAs no município de Vitória-ES, com atenção especial para o curso em questão. O diário de campo foi o principal instrumento metodológico, confeccionado pelas vivências no curso de outubro a novembro de 2010. Ficamos atentos aos movimentos que nos indicavam como o apenado entende/vive/pensa a PMA,observando as formas rígidas, instituídas de efetivação das mesmas, mas também - e isso que tentamos dar visibilidade - a potência instituinte do curso.Las Penas y Medidas Alternativas (PMAs son cada vez más utilizadas por el sistema jurídico brasileño. En este contexto, el Tribunal de Ejecución de Penas y Medidas Alternativas del Espírito Santo ha establecido un acuerdo con el Ayuntamiento de la ciudad de Vitória, que ofrece un curso de capacitación sobre Derechos Humanos titulado "Ejerciendo la Ciudadanía" como una manera de cumplir con las PMAs. Este artículo es el resultado de un análisis preliminar de una investigación que tiene como objetivo analizar el desempeño de las PMAs en la ciudad de Vitória, con especial atención al curso en cuestión. El diario de campo fue la principal herramienta metodológica, hecho a partir de experiencias en el curso de octubre a noviembre de 2010. Nos pusimos atentos a los movimientos que nos indicaban cómo el apenado entiende/vive/piensa la PMA, observando las formas rígidas, instituidas de realización de las mismas, pero también - y fue a eso que tratamos de dar visibilidad - la potencia

  14. On attracting investment to Russian economy

    Directory of Open Access Journals (Sweden)

    Oleinik Elena

    2017-01-01

    Full Text Available Modern conditions of economic systems development have necessitated more precise directions of investment process for the economic growth to accelerate. The precipitous fall of oil prices that occurred in the second half of 2014 weighed heavily on foreign direct investment flows to oilexporting countries. The problem of attracting investment is one of the key problems of economic development. The aim of this study is to analyze and evaluate the shifts in the structure of investments, the study of the structure of investments to the Russian economy. Structural changes result from differences in the growth rate of the elements forming an economic system. An integral coefficient has been used for evaluation of structural changes. Multiple regression was used to analyze the impact of various factors on the change in structure of investment. The regression coefficients in the model give quantitative assessment of the pace of change in the structure as it depends on a specific factor. The model estimation shows that the variables “share of investments in manufacturing” (positive influence and “share of investments in the health, physical culture, education” (negative influence have the largest t-values. Hence, these two factors influence the structural changes in investments most strongly The evaluation and analysis of the structural shifts may lead to conclusions regarding the efficiency of the structure investment and adjustment of the economic policy.

  15. Preliminary Cost Model for Space Telescopes

    Science.gov (United States)

    Stahl, H. Philip; Prince, F. Andrew; Smart, Christian; Stephens, Kyle; Henrichs, Todd

    2009-01-01

    Parametric cost models are routinely used to plan missions, compare concepts and justify technology investments. However, great care is required. Some space telescope cost models, such as those based only on mass, lack sufficient detail to support such analysis and may lead to inaccurate conclusions. Similarly, using ground based telescope models which include the dome cost will also lead to inaccurate conclusions. This paper reviews current and historical models. Then, based on data from 22 different NASA space telescopes, this paper tests those models and presents preliminary analysis of single and multi-variable space telescope cost models.

  16. Osmotic power. A great energy source for renewable energy; Una gran fuente de energia renovable para electricidad. Potencia osmotica

    Energy Technology Data Exchange (ETDEWEB)

    Alonso Alvarez, J.

    2009-07-01

    When freshwater meets saltwater, for example, where a river flows out into the sea, enormous quantities of energy can be utilised to generate power, through the natural phenomenon of osmosis. Osmotic power is based on the natural phenomenon of osmosis, defined as the transport of water through a semi-permeable membranes, enclosing their cells, and tho produce osmotic power one has to design similar, artificial membranes. In an osmotic power plant we feed freshwater into separate chambers, separated by an artificial membranes. The salt molecules in the seawater then draw the freshwater through the membranes, causing the pressure on the seawater side to increase. This pressure corresponds to a water column of 120 meters or a large waterfall, and can be utilised in a turbine which generated electricity. The idea to generate power through osmosis is originates from the 1970s. At the time, however, the membranes had low efficiency and power price were too low to enable anyone to profitable invest in such a project. many years later, research scientists al SINTEF brought the idea to STAT kraft. The collaboration was initiated in 1997, and the development of a new, renewable energy source was initiated. (Author)

  17. Compensación de potencia reactiva en sistemas de distribución contaminados por armónicos

    Directory of Open Access Journals (Sweden)

    José A González Quintero

    2011-03-01

    Full Text Available Se presenta un nuevo método para determinar la selección óptima de bancos de capacitores y(o filtros pasivos deabsorción, de forma tal que se maximice el ahorro anual neto resultante de la reducción de pérdidas de energíamientras que se tengan en cuenta los costos de inversión y la norma IEEE-519. La metodología propuesta permite lasolución simultánea para compensadores VAR fijos y controlados mediante la consideración de una curva de variacióndiaria característica para cada carga lineal y no lineal. This paper presents a new method to find the optimal sizing of shunt capacitors and (or passive filters for annual netsavings resulting from energy loss reduction while taking investment cost into account and complying with IEEE-519standard. The proposed methodology allows the simultaneous solving for fixed and switched VAR compensators byconsidering a characteristic daily variation curve for each linear and non-linear load. The method is presented andtested.

  18. Policy Uncertainty, Investment and Commitment Periods

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-07-01

    Today's investment decisions in key sectors such as energy, forestry or transport have significant impacts on the levels of greenhouse gas (GHG) emissions over the coming decades. Given the economic and environmental long-term implications of capital investment and retirement, a climate mitigation regime should aim to encourage capital investment in climate-friendly technologies. Many factors affect technology choice and the timing of investment, including investor expectations about future prices and policies. Recent international discussions have focused on the importance of providing more certainty about future climate policy stringency. The design of commitment periods can play a role in creating this environment. This paper assesses how the length of commitment periods influences policy uncertainty and investment decisions. In particular, the paper analyses the relationship between commitment period length and near term investment decisions in climate friendly technology.

  19. Green investment in sustainable housing. SEV recommendation

    International Nuclear Information System (INIS)

    Fokkema, J.

    1996-07-01

    In cooperation with the Triodos Bank, SEV carried out a study on the possibility to invest money from green investment funds at low interest in houses which are designed and built in a sustainable and energy efficient way. By order of the Triodos Bank and SEV others drafted a guideline to assess dwellings and calculated the financial and economical consequences of green investments in sustainable housing. The results of those studies formed the basis of the SEV recommendation to the Dutch State Secretary of Housing and Planning and the Dutch State Secretary of Economic Affairs, April 1996, to expand the planned Green Investment Regulation to the possibility to invest money in sustainable houses. It is expected that the Green Investment Regulation will come into effect September 1996. 2 appendices

  20. Work environment investments: outcomes from three cases.

    Science.gov (United States)

    Rydell, Alexis; Andersson, Ing-Marie

    2017-09-27

    Work environment investments are important in order to create a healthy and safe workplace. This article presents findings from a seven-step interventions process aimed at examining and following-up work environment investments in small and medium-sized enterprises (SMEs), with a particular focus on air contaminants. Three different cases were analyzed and included in the study: (a) an educational center for welding; (b) a paint station in furniture manufacturing; (c) a joinery in furniture manufacturing. The results show that the work environment investments were highly appreciated by the employees and managers, but at the same time the investment could be optimized through markedly decreased exposure levels for the worker. Factors such as follow-ups of the investment, education and training in how to use the equipment, worker involvement in the process and leadership engagement are important in order to optimize work environment investments.

  1. Nuclear investment: performance and opportunity

    International Nuclear Information System (INIS)

    Lacy, B.

    2007-01-01

    Nuclear power plant ownership in the United States has continued its steady trend toward ownership consolidation and removal of assets from rate regulated environments that began in 1998. This is paralleled by changes in companies providing nuclear services and growing talk of building new units. World wide, new nuclear plant construction and related supplier investment is proceeding around the world. The nuclear fuel supply part of the business is seeing interest and excitement that would have been almost inconceivable a decade ago. Nuclear is now increasingly being recognized for its energy, economic and environmental benefits. For investors, this is a time of opportunity. And the opportunity is strongly supported by excellent performance trends and fundamental change sin the US electricity business. But in order to benefit from these changes, investors must remain cautious and be committed to comprehensively and thoroughly understanding the individual and interrelated technical, regulatory and political issues that surround this useful and powerful technology. (orig.)

  2. World green electricity, sustaining investments

    International Nuclear Information System (INIS)

    Le Jannic, N.

    2013-01-01

    The contribution of the green production to the world production of electricity reached 20.2% in 2011, it means a slight increase in respect to the figure of 2010: 19.8%. Green electricity is the second source of electricity behind fossil energy (67.9%) but before nuclear power (11.7%). The decrease in nuclear power due to the Fukushima accident has automatically benefited green electricity. The figures show the importance of China, China is now the first electricity producer in the world before US and also passed US for the production of green electricity. At the world scale the production of green electricity can break down into: hydro energy (80.5%), wind energy (10.3%), biomass (6.2%), geothermal energy (1.6%) and solar energy (1.4%). The crisis has slowed down the investment in renewable energies in Europe. (A.C.)

  3. Venture investing opportunities in superconductivity

    International Nuclear Information System (INIS)

    Zschau, E.

    1987-01-01

    The authors provide an assessment of the venture investing opportunities in superconductivity and some guidelines to follow. There were many elements that made Silicon Valley a leader in technology, not the least of which were the distinguished research universities located here. However, the application of the research results that they produced was done by groups of extraordinary people--people who had ideas, who were willing to take risks, and who inspired others to follow them into the unknown. They sometimes succeeded, but they often didn't. However, they never stopped trying. People like that will be the key to success in advancing and applying superconductivity technology just as they have been in semiconductors

  4. Energy investment in developing countries

    International Nuclear Information System (INIS)

    Rovani, Y.

    1982-01-01

    The developing countries are likely to represent the fastest growing component of the global energy demand over the next two decades. The paper presents considerations based on the World Bank's approach to the energy sector in these countries. It is considered that an accelerated development of conventional indigenous sources of energy is absolutely vital if developing countries are to attain a satisfactory rate of economic growth. The cost of the energy investment, the power sector issues, the optimal use of the resources, the role of the external financing and the need of technical assistance are reviewed. One emphasizes the role of the World Bank in analyzing and preparing projects, and in mobilizing financing from other official and commercial sources

  5. Oil investment in Latin America

    International Nuclear Information System (INIS)

    Kielmas, M.

    1994-01-01

    In the early 1990s Latin America became a favoured target for foreign investors as one of the side-effects of the collapse of communism in Eastern Europe and the Soviet Union. The reason is linked to macroeconomic reforms in Latin America and the failure of equivalent reforms in the former communist countries. Latin American state-owned-oil companies have been welcomed as borrowers on the international financial markets. Simultaneously private sector investment in the oil industry has increased. This chapter examines nationalisation and the state oil companies, the financing of the state sector, privatisation, the boosting of oil exploration and security issues. The sustainability of the economic reforms in the region is discussed. (UK)

  6. Responsible Investment: Taxes and Paradoxes

    Directory of Open Access Journals (Sweden)

    Knuutinen Reijo

    2017-12-01

    Full Text Available Taxes have become an issue of corporate social responsibility (CSR, but the role of taxation is to some extent an ambiguous and controversial issue in the CSR framework. Similarly, another unclear question is what role investors who are committed to sustainable and responsible investment (SRI see taxes as having on their environmental, social, and governance (ESG agenda. Corporate taxes have an inverse relationship with the return of the investors: taxes paid directly affect what is left on the bottom line, reducing the return of investors. However, investors are now more aware of tax-related risks, which can include different forms of reputation risk. Corporate tax planning may increase the returns, but those increased returns are riskier. This study focuses particularly on the relationship between SRI and taxation. We find that tax matters are considered to be on the ESG agenda, but their role and significance in the ESG analysis is unclear.

  7. Investment in Renewable Energies in Argentina

    OpenAIRE

    Marina Recalde

    2017-01-01

    This article analyzes how the enabling conditions of the energy policy of a developing country such as Argentina, are crucial for the deployment of renewable energy investments. The conclusions highlights that the low institutional quality of the country shapes enabling conditions and reduce effect of the instruments of the energy policy, dropping incentives for investment in renewable technologies in the country. Therefore, in order to promote renewable technologies investments efficiently, ...

  8. Investment in Renewable Energies in Argentina

    Directory of Open Access Journals (Sweden)

    Marina Recalde

    2017-05-01

    Full Text Available This article analyzes how the enabling conditions of the energy policy of a developing country such as Argentina, are crucial for the deployment of renewable energy investments. The conclusions highlights that the low institutional quality of the country shapes enabling conditions and reduce effect of the instruments of the energy policy, dropping incentives for investment in renewable technologies in the country. Therefore, in order to promote renewable technologies investments efficiently, the institutional framework of countries must be seriously improved.

  9. Public Investment, Revenue Shocks, and Borrowing Restrictions

    OpenAIRE

    Büttner, Thiess; Wildasin, David E.

    2010-01-01

    This paper lays out a theory of taxation and public investment in an intertemporal setting under conditions of revenue shocks. Without borrowing restrictions, the optimal policy is characterized by smooth time paths of taxes and public investment. While the introduction of formal borrowing restrictions leads to some precautionary savings, it gives rise to fluctuations in public investment in response to adverse but also favorable revenue shocks. This theoretical result is tested empirically u...

  10. Investing in Climate Change. Dutch Banks Compared

    International Nuclear Information System (INIS)

    Buurgaard Nielsen, J.; Pols, D.; Van Gelder, J.W.; Denie, S.; Scheire, C.

    2007-06-01

    This report is the first comparison of the climate change performance of Dutch banks that analyses the actual investments of these banks. It reviews a substantial share of each bank's portfolio, according to three criteria: how much they invest in the main cause of climate change, fossil fuels; how much they invest in the main alternative to fossil fuels, renewable energy; the bank's plans and policies to limit their contribution to climate change

  11. Finans/Invest - Årsrapport 2014

    DEFF Research Database (Denmark)

    Bechmann, Ken L.

    2015-01-01

    Lederen gør status for Finans/Invest i 2014 gennem en "årsrapport", hvor en række centrale nøgletal for Finans/Invest præsenteres. Nøgletallene viser eksempelvis, at ca. hver femte artikel/artikelforslag afvises, at forfatterne til publicerede artikler er ligeligt fordelt mellem akademikere og...... praktikere, samt at artiklerne i Finans/Invest har givet anledning til en del medieopmærksomhed i 2014....

  12. The Division of Labor, Investment, and Capital

    OpenAIRE

    Xiaokai Yang

    1999-01-01

    This paper uses a dynamic general equilibrium model based on corner solutions to formalize the classical theory of investment and capital which considers investment to be a vehicle for developing a high level of division of labor in roundabout productive activities. If it takes time for a specialist producer of tractors to learn the right method in producing commercially viable tractors, specialization in producing tractors is infeasible in the absence of investment in terms of consumption go...

  13. Socially Responsible Investment in Japanese Pensions

    OpenAIRE

    Henry Hongbo Jin; Olivia S. Mitchell; John Piggott

    2005-01-01

    As the level of retirement-related assets has grown, so too has public and private interest in so-called "Socially Responsible Investment" (SRI), an investment strategy that employs criteria other than the usual financial risk and return factors when selecting firms in which to invest. This study evaluates whether SRI indexes would alter portfolio risk and return patterns for the new defined contribution pension plans currently on offer in Japan. We conclude that SRI funds can be included as ...

  14. Corporate Tax Stimulus and Investment in Colombia

    OpenAIRE

    Galindo, Arturo; Melendez, Marcela

    2010-01-01

    This paper uses a yearly dataset of plant-level investment in Colombian firms during the period 1997 to 2007 to assess the impact of a tax incentive for firms that invest in fixed assets implemented in 2004. A positive and statistically significant correlation is found between the boom observed in investment and the adoption of the tax policy. However, the correlation vanishes when year-specific effects are controlled for. This result is robust to changes in the empirical specification, chang...

  15. Optimal Priority Structure, Capital Structure, and Investment

    OpenAIRE

    Dirk Hackbarth; David C. Mauer

    2012-01-01

    We study the interaction between financing and investment decisions in a dynamic model, where the firm has multiple debt issues and equityholders choose the timing of investment. Jointly optimal capital and priority structures can virtually eliminate investment distortions because debt priority serves as a dynamically optimal contract. Examining the relative efficiency of priority rules observed in practice, we develop several predictions about how firms adjust their priority structure in res...

  16. Leverage, monetary policy, and firm investment

    OpenAIRE

    Charles X. Hu

    1999-01-01

    In this paper, I investigate whether the effects of monetary policy on firm investment can be transmitted through leverage. I find that monetary contractions reduce the growth of investment more for highly leveraged firms than for less leveraged firms. The results suggest that the board credit channel for monetary policy exists, and that it can operate through leverage, as adverse monetary shocks aggravate real debt burdens and raise the effective costs of investment.

  17. Stock returns and foreign investment in Brazil

    OpenAIRE

    Reis, Luciana; Meurer, Roberto; Da Silva, Sergio

    2008-01-01

    We examine the relationship between stock returns and foreign investment in Brazil, and find that the inflows of foreign investment boosted the returns from 1995 to 2005. There was a strong contemporaneous correlation, although not Granger-causality. Foreign investment along with the exchange rate, the influence of the world stock markets, and country risk can explain 73 percent of the changes that occurred in the stock returns over the period. We also find that positive feedback trading play...

  18. Investment behavior, observable expectations, and internal funds

    OpenAIRE

    Jason G. Cummins; Kevin A. Hassett; Stephen D. Oliner

    1999-01-01

    We use earnings forecasts from securities analysts to construct more accurate measures of the fundamentals that affect the expected returns to investment. We find that investment responds significantly -- in both economic and statistical terms -- to our new measures of fundamentals. Our estimates imply that the elasticity of the investment-capital ratio with respect to a change in fundamentals is generally greater than unity. In addition, we find that internal funds are uncorrelated with inve...

  19. INVESTING IN THE GLOBAL ENERGY: KEY TRENDS

    Directory of Open Access Journals (Sweden)

    A. Stepanova

    2016-06-01

    Full Text Available The questions of energy investments in the regions of the world, which allowed to carry out analysis of various types of energy production, focus on enerhozberezheni and renewable energy sources. Proved the importance of investing energy sector for the entire civilized world and defined the priorities of the process. Indicated that investment in the energy sector is based on public policy, to determine possible solutions to the energy dependence of Ukraine, taking into account the international experience.

  20. Industrial Employment, Investment Equipment and Economic Growth

    OpenAIRE

    Dellas, Harris

    2000-01-01

    The industrialization of labour is the main engine of growth during the early stages of economic development. In less developed countries, equipment investment has played a less important role than non-equipment investment; and it has only proved growth enhancing when it either encountered a substantial industrial labour force or fostered a large increase in the share of industrial employment. These findings draw attention to the effects of investment on the composition of the labour force; a...

  1. Investment scenarios for Chinese power plants

    International Nuclear Information System (INIS)

    Anon.

    1995-01-01

    An analysis is provided of returns for investment in power plants in China and India. Three sample investment scenarios are compared to illustrate the relative merits of each financing arrangement. The best returns would seem to be offered by a mix of debt and equity financing. The potential problem of gradual currency depreciation can be overcome by early cash payments. Foreign investment in China's power generation industry would be more readily forthcoming if easier access to debt finance were available. (UK)

  2. Inventory Investment and the Real Interest Rate

    OpenAIRE

    Junayed, Sadaquat; Khan, Hashmat

    2009-01-01

    The relationship between inventory investment and the real interest rate has been difficult to assess empirically. Recent work has proposed a linear-quadratic inventory model with time-varying discount factor to identify the effects of the real interest rate on inventory investment. The authors show that this framework does not separately identify the effects of real interest rate on inventory investment from variables that determine the expected marginal cost of production. In other words, t...

  3. Literature Review on Cyber Security Investment Decisions

    OpenAIRE

    ŞENTÜRK, Hakan; ÇİL, Celal Zaim; SAĞIROĞLU, Şeref

    2016-01-01

    Severe financial losses incurred by cyber security attacks with increasing complexity and frequency, as well as booming cyber security sector offering variety of products as investment options have led the focus of the research in the field to the economic dimension of cyber security. The need for determination of methods to be used when making cyber security investment decisions under budget constraints have become prominent. In five sections as the cyber security investment strategies, risk...

  4. Monitoring the effectiveness evaluation of investment projects

    Directory of Open Access Journals (Sweden)

    Skopin Alex O.

    2012-02-01

    Full Text Available The article raised the question of monitoring regulatory evaluation of the effectiveness of regional investment projects. This is justified by the fact that the current regulatory framework defined indicators for measuring the effectiveness of regional investment projects, but these figures are usually used only at the design stage of the project, an interim assessment of the effectiveness of a sufficiently simplified and based on the level of exploration investment.

  5. 76 FR 15057 - Notice of Proposed Exemption; BlackRock, Inc. and Its Investment Advisory, Investment Management...

    Science.gov (United States)

    2011-03-18

    ... Administration Notice of Proposed Exemption; BlackRock, Inc. and Its Investment Advisory, Investment Management...; BlackRock, Inc. and Its Investment Advisory, Investment Management and Broker-Dealer Affiliates and... its investment advisory, investment management and broker-dealer affiliates and their successors. The...

  6. 12 CFR 550.330 - Are there investments in which I may not invest funds of a fiduciary account?

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 5 2010-01-01 2010-01-01 false Are there investments in which I may not invest... on Self Dealing § 550.330 Are there investments in which I may not invest funds of a fiduciary account? You may not invest funds of a fiduciary account for which you have investment discretion in the...

  7. Two Stage Fuzzy Methodology to Evaluate the Credit Risks of Investment Projects

    OpenAIRE

    O. Badagadze; G. Sirbiladze; I. Khutsishvili

    2014-01-01

    The work proposes a decision support methodology for the credit risk minimization in selection of investment projects. The methodology provides two stages of projects’ evaluation. Preliminary selection of projects with minor credit risks is made using the Expertons Method. The second stage makes ranking of chosen projects using the Possibilistic Discrimination Analysis Method. The latter is a new modification of a well-known Method of Fuzzy Discrimination Analysis.

  8. Scope and purpose of the preliminary planning work

    International Nuclear Information System (INIS)

    Kalas, P.

    1976-01-01

    The results of preliminary planning work are usually expressed in a number of recommendations covering mainly: long-term national policy in the field of energy resources and selection of projects to be further studied at the feasibility level. Moreover, recommendations on further actions are made including: inventory of generation and transmission facilities recommended for the implementation in order to meet the load forecasted for medium-term period, preparation of a preliminary calender of decisions to be taken for the implementation of the projects recommended, preparation of a preliminary construction schedule, preparation of a preliminary investment program, preparation of a program of necessary engineering works, and performance of study on electricity rates which would adjust existing tariffs to proposed development program of the utility. (HP) [de

  9. Investment Attractiveness of Food Industries in Ukraine

    Directory of Open Access Journals (Sweden)

    L. О.

    2017-02-01

    Full Text Available Effective investment is a factor for long-term company development. As enhancement of investment attractiveness is a required condition for economic growth and improvement of living standards, it needs to be on the agenda at government and company level. The article’s objective is to study investment attractiveness of food industries in Ukraine over 2012–2015. Investment attractiveness of food industries can be measured by indicators of liquidity, financial sustainability, and profit rate. Basically, food industries in Ukraine are attractive for investment, which is demonstrated by assessment of the financial indicators. The investment attractiveness worsened slightly in 2015 compared with 2014. The essential problems faced by food industries are shortage of internal funds and negative profit rate of all the activities, assets and own capital. Official statistical data and software package SPSS are used to build the dendrogram, allowing for dividing food industries by level of investment attractiveness into three groups: industries with high, medium and low level of investment attractiveness. It is found that meat industry is the one with the highest level of investment attractiveness. Also, investors should look positively at food-canning industry, oil and animal fat industry, flour-milling industry, starch and starch products industry, and other foods industry.

  10. Social Investment in Times of Crisis

    DEFF Research Database (Denmark)

    Prandini, Riccardo; Orlandini, Matteo; Guerra, Alice

    The purpose of this report is to analyse and understand whether and how, in the last twenty years, the EU member countries have adopted welfare systems which incorporate aspects of social investment. The quantitative and comparative study is focused on social investment strategies across 28...... European member states. The aim is to map out and explore the effectiveness of different social investment strategies. An overview of macro-level welfare performance indicators consist of a review of available macro-indicators to assess welfare performance in the light of social investment decisions....

  11. Real Options Analysis of Electricity Investments

    Energy Technology Data Exchange (ETDEWEB)

    Heggedal, Ane Marte

    2012-07-01

    This thesis utilizes real options analysis for evaluating investment opportunities in the electricity sector. It also formally tests how investors in hydropower plants have included uncertainty when considering their investment opportunities. The real options method applies financial options theory to quantify the value of management flexibility and is chosen due to three important characteristics of investments in the electricity sector. First; the investment is completely or partially irreversible, second; the investor can choose when to invest in the facility, and third; there is uncertainty in several factors affecting the cash flows of the investments. Factors of uncertainty include the development of electricity prices, policies, technological advances, and macroeconomics measures.Four papers are included in this thesis. Paper 1, Upgrading hydropower plants with storage: Timing and capacity choice, presents a valuation framework for deciding when to upgrade an existing hydropower plant and which capacity to choose. The second paper, Transmission capacity between Norway and Germany: A real options analysis, sheds light on when two electricity markets, in this case Norway and Germany, should be connected through a sub sea cable. The investor can choose when to invest and the capacity of the cable, and may also choose to invest sequentially. Paper 3, Optimal timing and capacity choice for pumped hydropower storage, investigates when investment in a pumped hydropower plant with storage should be undertaken and what the capacity of the facility should be. Whereas the three first papers investigate investment opportunities, Paper 4, Uncertain climate policy decisions and investment timing: Evidence from small hydropower plants, studies when investors in small hydropower plants chose to invest. The analyses disclose whether the net present value approach or the real options method best describe the investment decisions made by the investors. Viewing investment

  12. Management of investment processes on Finnish farms

    Directory of Open Access Journals (Sweden)

    T. MATTILA

    2008-12-01

    Full Text Available Structural change in agriculture means a continuous need for investing in farm production. It is essential for the sustainable operations and the economy of the farm that such investments are successful. In this research, different stages of the investment process of farms were studied as well as the use of information and the success perceived during the investment process. The study was carried out with mail surveys and telephone interviews on the Finnish Farm Accountancy Data Network (FADN farms. The most challenging investments were in animal husbandry buildings and, as to these investments, the comparison of alternatives was the most challenging stage. For most investments, the planning phase was considered more challenging than the implementation. Before making the decision, farmers acquired information from many sources, of which the opinion of the main customer and the experiences of fellow farmers were the most valued. Some of the products considered were so new on the market that it was not easy to get adequate information and, furthermore, the information given by suppliers was not always accurate. Decision-making was supported by calculations, but qualitative factors had a dominating role. Large basic decisions were made relatively quickly, while details needed a longer time to process. In general, farm managers were satisfied with their investments. Improvements in work quality and quantity were especially mentioned and generally qualitative factors were the ones first in mind when evaluating the successfulness of the investment.;

  13. BRICS Investment Policies from PFI Perspective

    Directory of Open Access Journals (Sweden)

    Andrei Sakharov 

    2017-12-01

    Full Text Available The Organisation for Economic Co-operation and Development (OECD Policy Framework for Investment (PFI contains recommendations and best practices in 12 investment-related policy areas, and is widely regarded as the world’s most comprehensive and authoritative instrument on international investment regulation. The topicality of PFI recommendations for OECD members and other countries, including Russia, is dictated by competition in international investment markets. The instrument’s implementation can significantly boost a national jurisdiction’s attractiveness to investors and thus increase its economic competitiveness. The experience of the BRICS countries as large developing economies involved in collaboration with the OECD could be of great value from the standpoint of PFI implementation in Russia. This article examines investment policies of Brazil, India, China and South Africa from the perspective of PFI recommendations. The analysis is organized around four major themes: the general characteristics of investment regimes and investment stimuli, national investment regulation regimes, trade policies and overcoming structural limitations. The analysis forms the basis for recommendations to improve the investment policy regime in Russia

  14. Investment behaviour in individual nontransferable quota systems

    DEFF Research Database (Denmark)

    Jensen, Frank; Andersen, Jesper Levring; Jensen, Carsten Lynge

    2012-01-01

    This article studies the investment behaviour of the Danish demersal fishery in the North Sea. For the study period, this fishery is regulated by variants of individual nontransferable quotas. It is shown that interest rates and capital stocks are primary determinants of investments. Another......, the variance of the estimated parameters is lower in the disaggregated models. This result arises because vessels in the disaggregated models are more homogeneous. Furthermore, investments in machinery, electronics and vessels are governed by one year lagged variables, while investment in gears is governed...

  15. Calculating investment potential in South America

    International Nuclear Information System (INIS)

    Smith, J.L.

    1995-01-01

    Taxes and licensing provisions typically increase overall costs for private investors, and therefore impede private investment. In addition, the design and structure of tax systems in each country affect the extent to which financial risks are borne by private investors, rather than by the host government. Tax systems that increase perceived financial risks stemming from unpredictable oil prices, development costs and physical characteristics of undiscovered or undeveloped oil fields raise further impediments to private investment. This analysis focuses on both aspects of the investment climate--risk and return--and the way that investment incentives within three South American countries are influenced by tax and licensing regimes

  16. Optimisation of Investment Resources at Small Enterprises

    Directory of Open Access Journals (Sweden)

    Shvets Iryna B.

    2014-03-01

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

  17. Real Time Investments with Adequate Portfolio Theory

    Directory of Open Access Journals (Sweden)

    Alina Kvietkauskienė

    2015-02-01

    Full Text Available The objective of this paper is to identify investment decision makingschemes using the adequate portfolio model. This approach can be employed to project investment in stocks, using the opportunities offered by the markets and investor intelligence. It was decided to use adequate portfolio theory for investment decision making, simulation of financial markets, and optimisation of utility function. The main conclusion of article suggests investigating return on individual portfolio level. Real investment is a way to make sure of the soundness of applicable strategies.

  18. Does Foreign Aid increase Foreign Direct Investment?

    DEFF Research Database (Denmark)

    Selaya, Pablo; Sunesen, Eva Rytter

    2012-01-01

    We examine the idea that aid and FDI are complementary sources of foreign capital. We argue that the relationship between aid and FDI is theoretically ambiguous: aid raises the marginal productivity of capital when used to finance complementary inputs (like public infrastructure and human capital...... investments), but aid may crowd out private investments when it comes in the shape of pure physical capital transfers. Empirically, we find that aid invested in complementary inputs draws in FDI, while aid invested in physical capital crowds it out. The paper shows that the composition of aid matters for its...

  19. Determinants of Foreign Direct Investments in Transition Economies: Case of Commonwealth of Independent Countries

    Directory of Open Access Journals (Sweden)

    Sobir Shukurov

    2016-01-01

    Full Text Available While there has been voluminous research on the determinants of FDI for developed and developing countries, little has been done on this issue for transition economies, especially, for the Commonwealth of Independent States (CIS countries. the present paper examines the determinants of inward Foreign Direct Investment (FDI flows in the CIS during 1995–2010. the results of empirical analysis using panel data models, conducted with the purpose of identifying the factors that determine the motivation and decision of multinational companies (MNC to invest in CIS economies, show that regardless of the presence of high investment risk in transition economies, the choice of FDI location always depends on a preliminary analysis of countries’ advantages (FDI stock, market size, abundance in natural resources and disadvantages at macro level (fiscal imbalance and inflation. These pre‑existing conditions can always roughly predict the type of FDI (resource-seeking, market‑seeking, efficiency-seeking.

  20. \\t Capital Planning and Investment Control (CPIC) for the Management of Information Technology Investments

    Science.gov (United States)

    Capital Planning and Investment Control (CPIC) is the Information Technology (IT) governance and management methodology in use at EPA for selecting, controlling and evaluating the performance of EPA IT investments throughout the full lifecycle.

  1. Small hydro in Ukraine: To invest or not to invest?

    Energy Technology Data Exchange (ETDEWEB)

    Loechen, Liv Arntzen

    2011-07-01

    The vast and unexploited renewable energy potential and the introduction of green tariffs in 2009 have made Ukraine an attractive location for investors within the renewable energy sector. The Green Tariff system offers developers and investors the highest feed-in tariffs in Eastern Europe, and thus far covers alternative energy production from biomass, biogas, wind power plants and hydropower plants. Ukraine has a history in both large- and small hydro production. Whereas the potential of the country's big rivers is now to a great extent exploited, this is not the case for the smaller watercourses. Ukraine is well endowed with small rivers, approximately 60,000 of which can be classified as 'very small'. Most of these are located in the western part of the country, near the Carpathian Mountains. However, despite the natural potential, foreign investors should be aware of the potential risks and hurdles. The country has a huge problem with corruption, and the process of obtaining licenses is not straight forward. On the whole, it can be worthwhile exploring the possibilities of small hydro production in Ukraine for those who can deal with a high level of risk and uncertainty. If not, one would be better advised to look for investment locations elsewhere.(auth)

  2. An Information-Based Trade Off between Foreign Direct Investment and Foreign Portfolio Investment

    OpenAIRE

    Itay Goldstein; Assaf Razin

    2005-01-01

    The paper develops a model of foreign direct investments (FDI) and foreign portfolio investments (FPI).The model describes an information-based trade off between direct investments and portfolio investments. Direct investors are more informed about the fundamentals of their projects. This information enables them to manage their projects more efficiently. However, it also creates an asymmetric-information problem in case they need to sell their projects prematurely, and reduces the price they...

  3. Power-load curves in an elite weightlifter. A case study. [Curvas de carga-potencia en un halterófilo de élite. Estudio de caso].

    Directory of Open Access Journals (Sweden)

    Francisco Javier Flores de Frutos

    2017-10-01

    Full Text Available Abstract Findings from mechanical power data can make a significant difference in the performance of athletes in weightlifting if it is properly understood by coaches. The purpose of this study was to examine the power-load (P-L curve in the snatch, clean, back jerk and jerk of an international-level Spanish weightlifter. Four testing sessions were conducted in the present work. Session 1: estimating snatch and clean 1RM (1 repetition maximum; Session 2: power assessment of the snatch and clean across a spectrum of loads (30% to 100% of the predetermined 1RM; Session 3: estimating back jerk and jerk 1RM; Session 4: power assessment of the back jerk and jerk across a spectrum of loads (30% to 100% of the predetermined 1RM. The highest peak power output (Pmax was reached with loads of 90% of 1RM in each exercise tested, which demonstrated this percentage to be the optimal load (Pmax load to train power development during weightlifting exercises. Resumen El entendimiento por parte de los entrenadores de los datos de potencia mecánica obtenidos en la halterofilia puede marcar notables diferencias en el rendimiento de los atletas. El propósito de este estudio fue examinar la curva de carga-potencia en los ejercicios de arrancada, cargada, envión por detrás y envión en un halterófilo español de nivel internacional. Cuatro sesiones de evaluación fueron llevadas a cabo en este estudio. En la sesión 1 se estimó el 1RM (1 repetición máxima en la arrancada y la cargada. En la sesión 2 se realizó una evaluación de la potencia alcanzada en la arrancada y la cargada en un espectro de cargas desde el 30% al 100% del 1RM predeterminado anteriormente. En la sesión 3 se estimó el 1RM en el envión por detrás y el envión. En la sesión 4 se realizó una evaluación de la potencia alcanzada en el envión por detrás y el envión en un espectro de cargas desde el 30% al 100% del 1RM predeterminado anteriormente. El pico de potencia mecánica fue

  4. 75 FR 55372 - Tudor Employee Investment Fund LLC and Tudor Investment Corporation; Notice of Application

    Science.gov (United States)

    2010-09-10

    ... management business, the Fund Investors will be able to understand and evaluate the attendant risks... Investment Fund (other than investment objectives and strategies and form of organization) (the ``Subsequent... will operate as a non-diversified closed-end management investment company. Each Fund will be an...

  5. Selección de los parámetros técnicos de los compensadores escalonados de potencia reactiva a nivel global; Selection of the technical parameters for the staggered compensators of reactive power at global level

    Directory of Open Access Journals (Sweden)

    Davel Borges Vasconcellos

    2011-02-01

    Full Text Available En los sistemas eléctricos industriales es muy frecuente la existencia de cargas variables. La compensacióndel factor de potencia en la mayoría de estos casos, se realiza por medio de dispositivos compensadoresestáticos que proporcionan una potencia reactiva diferente en función de las necesidades de los receptoresdel sistema.  Tales pueden ser: de compensación continua o de compensación discreta o escalonada.Estos últimos han sido ampliamente difundidos por sus ventajas. Sin embargo, los criterios para laselección de los parámetros técnicos del dispositivo, no siempre han sido adecuados. En el trabajo sepresenta un procedimiento a la hora de seleccionar dichos parámetros a nivel global en los mayormenteconocidos como compensadores automáticos del factor de potencia. Paralelamente se discute un ejemploreal de aplicación al sistema eléctrico de un pequeño taller de producción.  TIn the industrial electric systems it is very frequent the existence of variables loads. The power factorcompensation in most of these cases is carried out by means of static compensations devises thatprovide a different reactive power in function of the load demands.  Such they can be: of continuouscompensation or of discreet or staggered compensation. These last ones have been broadly diffused bytheir advantages. However, the approaches for the selection of the technical parameters they have notalways been adapted. A procedure is presented when selecting these parameters at global level in themostly well-known ones as automatic compensators of power factor. At the same time, a real example ofapplication is discusses to the electric system of a small production shop.

  6. Methodology for the location of PMU for the monitoring of critical oscillations in power systems; Metodologia para la ubicacion de PMU para el monitoreo de oscilaciones criticas en sistemas electricos de potencia

    Energy Technology Data Exchange (ETDEWEB)

    Calderon Guizar, Jorge Guillermo [Instituto de Investigaciones Electricas, Cuernavaca, Morelos (Mexico)

    2009-07-01

    The deregulation and restructuring undergone by the electrical industry, as well as the tendency at world-wide level of reorganization in generation, transmission and distribution units has brought about, as a consequence, drastic changes in the operation of the electric power systems. The difficulties to construct new transmission power lines and the continuous increase in the electricity consumption are forcing more and more to operate the electric power systems every time nearer their safety limits. Nevertheless, to assure the system reliability without mattering what so plaintiff is the operating condition is a requirement that the electrical companies must satisfy. This panorama has motivated and impelled the use of new technologies for the critical indicators the monitoring that allow the electrical companies to guarantee the system safe operation. In this paper a methodology for the location of Fasorial Measurement Units, better known as FMU for the monitoring of the critical oscillation modes in the electric power systems is presented. [Spanish] La desregulacion y reestructuracion experimentada por la industria electrica, asi como la tendencia a nivel mundial de reorganizacion en unidades de generacion, transmision y distribucion ha traido como consecuencia cambios drasticos en la operacion de los sistemas electricos de potencia. Las dificultades para construir nuevas lineas de transmision y el incremento continuo en el consumo de electricidad estan forzando a operar el sistema electrico de potencia cada vez mas cerca de sus limites de seguridad. Sin embargo, asegurar la confiabilidad del sistema sin importar que tan demandante sea la condicion de operacion es un requisito que las companias electricas deben satisfacer. Este panorama ha motivado e impulsado el uso de nuevas tecnologias para el monitoreo de indicadores criticos que permitan a las companias electricas garantizar una operacion segura del sistema. En este trabajo se presenta una metodologia para

  7. Application of the identification methods from Hilbert and Prony to the study of oscillatory phenomena in electrical power systems; Aplicacion de los metodos de identificacion de Hilbert y Prony al estudio de fenomenos oscilatorios en sistemas electricos de potencia

    Energy Technology Data Exchange (ETDEWEB)

    Andrade Soto, Manuel Antonio

    2002-10-15

    In the present thesis work the application of identification techniques is investigated based on methods of spectral analysis to the study of the instantaneous characteristics of signals obtained by means of digital simulation of the dynamic behavior of the power system. The study focuses on the perspectives developed from two different approaches of analysis: the use of lineal methods of spectral analysis and the use of methods of non-lineal analysis, based on the concept of an analytical signal. The developed tools are applied to the study of two phenomena of electromechanical origin of different characteristics in complex power systems. A comparison between the results obtained is performed for these techniques and the possibility of its application is discussed for the problem of on-line identification in power systems. [Spanish] En el presente trabajo de tesis se investiga la aplicacion de tecnicas de identificacion basadas en metodos de analisis espectral al estudio de las caracteristicas instantaneas de senales obtenidas mediante simulacion digital del comportamiento dinamico del sistema de potencia. El estudio se centra en las aproximaciones desarrolladas desde dos enfoques distintos de analisis: la utilizacion de metodos lineales de analisis espectral y la utilizacion de metodos de analisis no lineal, basados en el concepto de una senal analitica. Las herramientas desarrolladas se aplican al estudio de dos fenomenos de origen electromecanico de caracteristicas distintas en sistemas complejos de potencia. Se hace una comparacion entre los resultados obtenidos por estas tecnicas y se discute la posibilidad de su aplicacion al problema de identificacion en linea en sistemas de potencia.

  8. Methodology for the location diagnosis of electrical faults in electric power systems; Metodologia para el diagnostico de ubicacion de fallas en sistema electricos de potencia

    Energy Technology Data Exchange (ETDEWEB)

    Rosas Molina, Ricardo

    2008-08-15

    The constant growth of the Electric Power Systems derived from the increase in the world-wide demand of energy, has brought as a consequence a greater complexity in the operation and control of the power nets. One of the most affected tasks by this situation is the operation of electrical systems against the presence of faults, where the first task to realize is, on the part of the operational personnel of the network, the rapid fault site location within the system. In the present paper the problem of the diagnose location of electrical faults in power systems is approached, from the point of view of the operators of the energy control centers of an electric company. The objective of this thesis work is to describe a methodology of operational analysis of protections, as a bases for the development of a system of diagnosis systems for faults location, that allows to consider the possible fault sites within the system as well as a justification of the operation of protections in face of a disturbance as a support to the operators of the Energy Control centers. The methodology is designed to use different information types, discreet, continuous and controls. Nevertheless, in the development of the present stage of the proposed methodology use is made exclusively of the discreet information of the conditions of breakers and operation of relays, as well as of the connectivity of the network elements. The analysis methodology consists in determining the network elements where the fault could have occurred, using the protections coverage areas associated to the operated circuit breakers. Later, these fault alternatives become ordained in descendent form of possibility using classification indexes and analyses based on fuzzy logic. [Spanish] El constante crecimiento de los Sistemas Electricos de Potencia derivado del incremento en la demanda energetica mundial, ha traido como consecuencia una mayor complejidad en la operacion y control de las redes electricas. Una de las

  9. Compensación de potencia reactiva en sistemas desbalanceados utilizando algoritmos genéticos Reactive power compensation in unbalanced systems using genetic algorithms

    Directory of Open Access Journals (Sweden)

    Davel Borges Vasconcellos

    2012-12-01

    Full Text Available La eficiencia energética de un sistema eléctrico depende en gran medida del factor de potencia con que opera y de una eficaz compensación de potencia reactiva si esta es necesaria. Una de las vías más utilizadas para efectuar la compensación del reactivo es el empleo de bancos de capacitores. La óptima aplicación de estos presupone tres aspectos: la selección de la capacidad más adecuada de los bancos, el tipo de compensador a utilizar, fijo o variable, así como la ubicación en el sistema de suministro eléctrico. En determinadas publicaciones, estos aspectos se tratan de forma independiente. Sin embargo, desde el punto de vista técnico ellos están mutuamente vinculados y todos poseen una implicación económica, lo que obliga a la necesidad de considerarlos en conjunto para un problema de optimización dado. Existen referencias de otros trabajos que desarrollan métodos que consideran estos aspectos de manera conjunta, pero presentan limitantes para ser aplicados en los sistemas de suministro eléctrico del sector terciario y donde predominan condiciones de desbalance. En este trabajo se presenta un método con el empleo de los algoritmos genéticos que posibilita una formulación más exacta del problema arrojando soluciones de mayor calidad. El programa desarrollado se soporta sobre software MATLAB, versión 7.8 (R2009a, utilizando las estructuras de programación de Genetic Algorithm and Direct Search Toolbox. La efectividad de su aplicación se muestra en casos de estudio correspondientes a sistemas de suministro eléctrico de dos hoteles pertenecientes al sector terciario en la provincia de Camagüey, Cuba.The energy efficiency of an electric system depends in great extent of the reactive power compensation that is carried out. One of the ways most used for reactive is power of capacitor banks. A good selection of these, presupposes three aspects: the selection of the banks capacity, the compensator type to be used and the

  10. Social investment in the globalising learning economy

    DEFF Research Database (Denmark)

    Lundvall, Bengt-Åke; Lorenz, Edward

    2011-01-01

    This paper demonstrates the importance of social investment and egalitarian distribution policy for reproducing the basis of a learning economy.......This paper demonstrates the importance of social investment and egalitarian distribution policy for reproducing the basis of a learning economy....

  11. Reaping the Rewards of Foreign Direct Investment

    DEFF Research Database (Denmark)

    Hansen, Michael W.

    After a decade of steadily growing foreign direct investment (FDI) in extractives, Tanzania is now facing a virtual ‘take off ’ in extractive FDI. One of the concerns related to these investments is whether the foreign investors are linking up sufficiently with local firms through localized supply...

  12. Investment opportunities in an increasingly competitive environment

    International Nuclear Information System (INIS)

    Webb, Martin

    1999-01-01

    Four topic areas are considered: (1) The global context for energy investments, (2) Strategic investments in the gas chain, (3) Conventional and changing approaches to investing in gas and power, (4) New areas of opportunity. The presentation considers the challenging global context for investments and the current oil price outlook and more specifically the backdrop to the growth in demand for gas and its increasing availability and the implications of factors such as energy market liberalization. It notes the regional nature of gas and power markets and considers the issue of stranded supply and demand. It identifies an increasing trend towards investments up and down the gas chain by both traditional and new players and explores BP Amoco's own corporate response. The presentation then briefly reviews four major gas investments which BP Amoco has either already taken or is considering. It then discusses investments in gas to power and the growing environmental agenda, which is bringing a range of new and non-traditional investment opportunities

  13. Inflation and Indivisible Investment in Developing Economies

    OpenAIRE

    Eden, Maya; Nguyen, Ha

    2014-01-01

    In countries with limited access to finance, firms accumulate retained earnings to finance indivisible investment projects. McKinnon (1973) illustrates that when cash is used as a primary store of value, inflation may discourage investment as it increases the cost of accumulating retained earnings. This paper formalizes this argument in a dynamic framework and provides a simple calibration...

  14. Heavy work investment, personality and organizational climate

    NARCIS (Netherlands)

    Schaufeli, Wilmar B.

    2016-01-01

    Purpose – The purpose of this paper is to assess the relative importance of personality and organizational climate for two forms of heavy work investment; workaholism, a “bad” and work engagement, which represents a “good” kind of heavy work investment. More specifically, it is hypothesized that

  15. 78 FR 13212 - Investment and Deposit Activities

    Science.gov (United States)

    2013-02-27

    ... institutions, including credit unions. Basis risk is the variability between two or more indices (e.g., equity... with commenters that allowing FCUs to hold TIPs in their investment portfolios adds no credit risk and... NATIONAL CREDIT UNION ADMINISTRATION 12 CFR Part 703 RIN 3133-AE06 Investment and Deposit...

  16. 77 FR 59144 - Investment and Deposit Activities

    Science.gov (United States)

    2012-09-26

    ... financial institutions, including credit unions. Basis risk is the variability between two or more indices... OMITTED] TP26SE12.000 Allowing FCUs to hold TIPS in their investment portfolios adds no credit risk and... NATIONAL CREDIT UNION ADMINISTRATION 12 CFR Part 703 RIN 3133-AE06 Investment and Deposit...

  17. 75 FR 26742 - Investing in Innovation Fund

    Science.gov (United States)

    2010-05-12

    ... DEPARTMENT OF EDUCATION Investing in Innovation Fund Catalog of Federal Domestic Assistance (CFDA...: Office of Innovation and Improvement, Department of Education. ACTION: Notice; Extension of the application deadline date for the Investing in Innovation Fund. SUMMARY: The Assistant Deputy Secretary for...

  18. 76 FR 34969 - Investing in Innovation Fund

    Science.gov (United States)

    2011-06-15

    ... DEPARTMENT OF EDUCATION [Docket ID ED-2011-OII-0001] Investing in Innovation Fund AGENCY: Office of Innovation and Improvement, Department of Education. ACTION: Notice announcing the location, dates, and times of pre- application meetings. Overview Information Investing in Innovation Fund Catalog of...

  19. 75 FR 21614 - Investing in Innovation Fund

    Science.gov (United States)

    2010-04-26

    ... DEPARTMENT OF EDUCATION Investing in Innovation Fund Catalog of Federal Domestic Assistance (CFDA...: Office of Innovation and Improvement, Department of Education. ACTION: Notice inviting applications for... FY 2010 (NIA) for the Investing in Innovation Fund. This notice makes a correction to the March 12...

  20. Endowment Investing: Time for a Sustainability Play?

    Science.gov (United States)

    Pelletier, Stephen G.

    2010-01-01

    Managers of university endowment funds are paying closer attention to investing in "green" industries, commonly bundled under the umbrella "cleantech." Cleantech offers the possibility of buying in while prices are low "and" making a "green" investment play, but it also harbors the risks inherent in any emerging industry. Cleantech has varying…

  1. Investment Under Uncertainty and Policy Change

    NARCIS (Netherlands)

    Pawlina, G.; Kort, P.M.

    2001-01-01

    Existing real options literature provides relatively little insight into the impact of structural changes of the economic environment on the investment decision of the firm.We propose a method to model the impact of a policy change on investment behavior in which, contrary to the earlier models

  2. Linking investment spikes and productivity growth

    NARCIS (Netherlands)

    Geylani, P.C.; Stefanou, S.E.

    2013-01-01

    We investigate the relationship between productivity growth and investment spikes using Census Bureau’s plant-level dataset for the U.S. food manufacturing industry. There are differences in productivity growth and investment spike patterns across different sub-industries and food manufacturing

  3. Haveli Invest pakub vaid majutust / Liina Leiten

    Index Scriptorium Estoniae

    Leiten, Liina

    2003-01-01

    Majutusasutuste TOP 40 1. koht. Metropoli hotelli haldava Haveli Invest OÜ tegevjuht Ruve Rääsk peab ettevõtte iseärasuseks võrreldes teiste majutusasutustega keskendumist majutusteenuse pakkumisele. Ülevaade hotelli kliendigruppidest, klienditeenindusest, asukoha eelistest ja tegevusplaanidest. Diagramm: Tänavu ootab Haveli Invest väiksemat kasumit

  4. Quantifying Productivity Gains from Foreign Investment

    NARCIS (Netherlands)

    C. Fons-Rosen (Christian); S. Kalemli-Ozcan (Sebnem); B.E. Sorensen (Bent); C. Villegas-Sanchez (Carolina)

    2013-01-01

    textabstractWe quantify the causal effect of foreign investment on total factor productivity (TFP) using a new global firm-level database. Our identification strategy relies on exploiting the difference in the amount of foreign investment by financial and industrial investors and simultaneously

  5. Option Strike Price and Managerial Investment Decisions

    Institute of Scientific and Technical Information of China (English)

    刘鸿雁; 张维

    2003-01-01

    The manager′s investment decisions is modeled when the manager is risk-averse and has stock options as compensation. It is found that the strike price of options is crucial to the investment incentives of managers, and that the correct value, or interval of values, of managerial stock option strike price can bring stockholder and manager interests in agreement.

  6. Overseas Investment,Encouraging Long Jonrney

    Institute of Scientific and Technical Information of China (English)

    Janet Tang

    2011-01-01

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

  7. Parental Educational Investments and Aspirations in Japan

    Science.gov (United States)

    Lee, Kristen Schultz

    2010-01-01

    Previous models of parental educational investments focus on the composition of the sibship (number, gender, ordering, and spacing) and on the social and institutional context in which investment decisions are made. Social-institutional models predict that parents in Japan are likely to underinvest in girls because of their transient status in the…

  8. 78 FR 72451 - Net Investment Income Tax

    Science.gov (United States)

    2013-12-02

    ... Net Investment Income Tax AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Withdrawal of... computation of net investment income. The regulations affect individuals, estates, and trusts whose incomes meet certain income thresholds. DATES: The proposed rule published December 5, 2012 (77 FR 72612), is...

  9. Financial and Investment Sources on the Web.

    Science.gov (United States)

    Raeder, Aggi

    1997-01-01

    Discusses print and World Wide Web resources on personal finance, investments, and other business information and provides an annotated bibliography of investment and the stock market sites: meta sites, stock quotes, market news, data and analysis, brokerage firms, and sites for beginning investors. Includes addresses. (PEN)

  10. Multinational Taxation and R&D Investments

    NARCIS (Netherlands)

    de Waegenaere, A.; Sansing, R.C.; Wielhouwer, J.L.

    2012-01-01

    This study examines the effects of taxation on the incentives of multinational firms to develop and use intellectual property. We model optimal investment and production decisions by firms that engage in a patent race by making R&D investments. We investigate how taxes affect the level and

  11. Multinational taxation and R&D investments

    NARCIS (Netherlands)

    De Waegenaere, A.M.B.; Sansing, R.; Wielhouwer, J.L.

    2012-01-01

    This study examines the effects of taxation on the incentives of multinational firms to develop and use intellectual property. We model optimal investment and production decisions by firms that engage in a patent race by making R&D investments. We investigate how taxes affect the level and

  12. Investment opportunities in an increasingly competitive environment

    Energy Technology Data Exchange (ETDEWEB)

    Webb, Martin

    1999-07-01

    Four topic areas are considered: (1) The global context for energy investments, (2) Strategic investments in the gas chain, (3) Conventional and changing approaches to investing in gas and power, (4) New areas of opportunity. The presentation considers the challenging global context for investments and the current oil price outlook and more specifically the backdrop to the growth in demand for gas and its increasing availability and the implications of factors such as energy market liberalization. It notes the regional nature of gas and power markets and considers the issue of stranded supply and demand. It identifies an increasing trend towards investments up and down the gas chain by both traditional and new players and explores BP Amoco's own corporate response. The presentation then briefly reviews four major gas investments which BP Amoco has either already taken or is considering. It then discusses investments in gas to power and the growing environmental agenda, which is bringing a range of new and non-traditional investment opportunities.

  13. Investment Primer for Green Revolving Funds

    Science.gov (United States)

    Weisbord, Dano

    2012-01-01

    Developing return-oriented green revolving funds (GRFs) is a rapidly growing trend at colleges and universities. A green revolving fund (GRF) is a special account designated for investment in on-campus projects that improve energy efficiency or decrease material use. GRFs invest in a variety of cost-saving initiatives, resulting in significant…

  14. Absolute tightness: the chemists hesitate to invest

    International Nuclear Information System (INIS)

    Anon.

    1996-01-01

    The safety requirements of industries as nuclear plants and the strengthening of regulations in the field of environment (more particularly those related to volatile organic compounds) have lead the manufacturers to build absolute tightness pumps. But these equipments do not answer all the problems and represent a high investment cost. In consequence, the chemists hesitate to invest. (O.L.)

  15. Worker reciprocity and employer investment in training

    NARCIS (Netherlands)

    Leuven, E.; Oosterbeek, H.; Sloof, R.; van Klaveren, C.

    2005-01-01

    Standard economic theory predicts that firms will not invest in general training and will underinvest in specific training. Empirical evidence, however, indicates that firms do invest in general training of their workers. Evidence from laboratory experiments points to less underinvestment in

  16. Public Investment in a Small Open Economy

    NARCIS (Netherlands)

    Heijdra, B.J.; Meijdam, A.C.

    1997-01-01

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

  17. Smallish foreign direct investment, sluggish growth: Can ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    Smallish foreign direct investment, sluggish growth: Can MERCOSUR do better? 08 décembre 2010. Edgard Rodriguez. GGP One-pager series. Since the 1990s, foreign direct investment (FDI) has been on the rise worldwide. By 2008, the world's FDI flows amounted to about $1.7 trillion (although they are expected to go ...

  18. Profit sharing for increased training investments

    NARCIS (Netherlands)

    Gielen, A. C.

    2011-01-01

    This article investigates whether paying a profit-related wage stimulates training investments. The results point to increased worker effort and wage flexibility as two channels through which profit sharing enhances investments in training. While both effects are found for young workers, for older

  19. Alternative analysis to increase the power in combined-cycle power plants; Analisis de alternativas para el incremento de potencia en plantas termoelectricas de Ciclo Combinado

    Energy Technology Data Exchange (ETDEWEB)

    Pacheco Cruz, Hector; Arriola Medellin, Alejandro M. [Gerencia de Procesos Termicos, Instituto de Investigaciones Electricas, Cuernavaca, Morelos (Mexico)]. E-mail: hpacheco@iie.org.mx; aarriola@iie.org.mx

    2010-11-15

    The electricity industry traditionally had two thermodynamic cycles for power generation: conventional steam turbine (Rankine cycle) used to supply a base load during the day, and gas turbines (Brayton cycle), for its speed response, normally used to cover peak loads. However, to provide variable peak loads, the gas turbine, as a volumetric machine is affected by the change in air density by changing the combustion temperature. This paper shows the scheme of integration of both systems, that it's known as combined cycle and the different options that would have these power plants, to maintain or increase their power in variable ambient conditions. It analyzes different options, such as: 1. Supplementary fire in the stove. 2. Air cooling intake in the gas turbine (evaporation system or mechanical system). 3. Steam injection in the combustion chamber. [Spanish] La industria electrica tradicionalmente a contado con dos ciclos termodinamicos para generacion electrica: las turbinas convencionales de vapor (ciclo de Rankine) se utilizan para suministrar una carga base durante el dia, y las turbinas de gas (ciclo de Brayton), por su rapidez de respuesta, se utilizan normalmente para cubrir las cargas pico. Sin embargo, para suministrar las cargas variables pico, la turbina a gas, por ser una maquina volumetrica, se ve afectada por el cambio de la densidad del aire de combustion al cambiar la temperatura ambiente. En este trabajo se muestra el esquema de integracion de ambos sistemas, en lo que se conoce como ciclo combinado y las diferentes opciones que tendrian estas plantas de generacion electrica para mantener o incrementar su potencia en condiciones ambiente variable. Para ello se analizan diferentes opciones, tales como: 1.- Combustion suplementaria en el recuperador de calor. 2.- Enfriamiento del aire de admision a la turbina de gas (mediante un sistema de evaporacion o mediante un sistema mecanico). 3.- Inyeccion de vapor a la camara de combustion. Palabras

  20. Oscilaciones de Potencia, Tensión y Corriente en Unidades de Generación Distribuida; Power, Voltage and Current Oscillations in Distributed Generation Units

    Directory of Open Access Journals (Sweden)

    Marcos Alberto de Armas Teyra

    2013-06-01

    Full Text Available En las plantas de generación distribuidas accionadas por motores reciprocantes es necesario conocer las fluctuaciones de tensión, corriente y potencia para evaluar la calidad de la energía que entregan estos grupos electrógenos y como criterio de diagnóstico técnico. Las causas de estas fluctuaciones son diversas. La fundamental se debe a la presencia de oscilaciones forzadas producidas por el momento irregular de los motores primarios. Otras razones se encuentran en las excentricidades constructivas, el desbalance de corriente, los armónicos espaciales y de tiempo, la variación de la configuración del sistema, etc. En este trabajo fueron evaluadas satisfactoriamente las oscilaciones de una máquina conectada a la red mediante la instalación de un analizador de redes de 32 cortes por ciclo a la salida del generador de una de estas unidades. Se expone como caso de estudio las oscilaciones observadas en un generador de 425 kVA480 V accionado por un motor Diesel de seis cilindros y cuatro tiempos en la Provincia de Cienfuegos, Cuba.  In distributed and standby power plants driven by reciprocating motors, is important to know the voltage, current and power oscillation as a delivery power quality and diagnostic criteria. There are several oscillation causes. The fundamental is due to the irregular torque of primary motors. Other causes are due to constructive eccentricities, current unbalance, time and spatial harmonics, changes in systems configuration, etc. In this paper the fundamental oscillations of a grid connected machine were evaluated with a power analyzer installed in one generating power plant. As a case there are shown the observed oscillations in 425 kVA generator driven by a four times, six cylinders Diesel motor in Cienfuegos Province of Cuba.

  1. Oscilaciones de Potencia, Tensión y Corriente en Unidades de Generación Distribuida: Power, Voltage and Current Oscillations in Distributed Generation Units

    Directory of Open Access Journals (Sweden)

    Marcos Alberto de Armas Teyra

    2013-06-01

    Full Text Available En las plantas de generación distribuidas accionadas por motores reciprocantes es necesario conocer las fluctuaciones de tensión, corriente y potencia para evaluar la calidad de la energía que entregan estos grupos electrógenos y como criterio de diagnóstico técnico. Las causas de estas fluctuaciones son diversas. La fundamental se debe a la presencia de oscilaciones forzadas producidas por el momento irregular de los motores primarios. Otras razones se encuentran en las excentricidades constructivas, el desbalance de corriente, los armónicos espaciales y de tiempo, la variación de la configuración del sistema, etc. En este trabajo fueron evaluadas satisfactoriamente las oscilaciones de una máquina conectada a la red mediante la instalación de un analizador de redes de 32 cortes por ciclo a la salida del generador de una de estas unidades. Se expone como caso de estudio las oscilaciones observadas en un generador de 425 kVA480 V accionado por un motor Diesel de seis cilindros y cuatro tiempos en la Provincia de Cienfuegos, Cuba.In distributed and standby power plants driven by reciprocating motors, is important to know the voltage, current and power oscillation as a delivery power quality and diagnostic criteria. There are several oscillation causes. The fundamental is due to the irregular torque of primary motors. Other causes are due to constructive eccentricities, current unbalance, time and spatial harmonics, changes in systems configuration, etc. In this paper the fundamental oscillations of a grid connected machine were evaluated with a power analyzer installed in one generating power plant. As a case there are shown the observed oscillations in 425 kVA generator driven by a four times, six cylinders Diesel motor in Cienfuegos Province of Cuba.

  2. Investment under Uncertainty and Financial Crisis

    DEFF Research Database (Denmark)

    Jensen, Camilla

    The objective of the paper is to test the stability hypothesis – that foreign investors are relatively insulated from uncertainty and how it spills over on their investment adjustment cost. The Q model (implying that investments are explained by the fundamental value of the firm) is implemented...... with reasonable success for firm level panels in Turkey. Robustness of the results and despite the general obstacle that inflation poses on the study is increased by applying different datasets with different time horizons, different measures of investment and profitability and different problems of attrition...... it is found that the decline in the growth of the investment rate for domestic firms is at least twice as high compared to the decline in the growth of the investment rate among foreign held firms....

  3. Prioritizing conservation investments for mammal species globally

    Science.gov (United States)

    Wilson, Kerrie A.; Evans, Megan C.; Di Marco, Moreno; Green, David C.; Boitani, Luigi; Possingham, Hugh P.; Chiozza, Federica; Rondinini, Carlo

    2011-01-01

    We need to set priorities for conservation because we cannot do everything, everywhere, at the same time. We determined priority areas for investment in threat abatement actions, in both a cost-effective and spatially and temporally explicit way, for the threatened mammals of the world. Our analysis presents the first fine-resolution prioritization analysis for mammals at a global scale that accounts for the risk of habitat loss, the actions required to abate this risk, the costs of these actions and the likelihood of investment success. We evaluated the likelihood of success of investments using information on the past frequency and duration of legislative effectiveness at a country scale. The establishment of new protected areas was the action receiving the greatest investment, while restoration was never chosen. The resolution of the analysis and the incorporation of likelihood of success made little difference to this result, but affected the spatial location of these investments. PMID:21844046

  4. Barriers to investment in emerging power markets

    Energy Technology Data Exchange (ETDEWEB)

    Beardsworth, Jr, J J [Hunton and Williams, Richmond, VA (United States)

    1994-12-31

    Investing in private power projects in developing countries is a very different issue from investment in the US or the UK. There are many investment barriers not present in developed nations. Firstly investment barriers need to be identified. Trouble may be encountered with legal authorization; the regulatory framework; government guarantees; fuel supply security; lender protection; labour laws and local commercial restrictions such as profits repatriation, currency convertibility, and taxes. Political barriers may also be encountered in the form of: government commitments and support; funding sources; political unrest; religion; and relationships with other countries. Investment barriers may be minimised by persuading the government to remove any legal barriers; the contract has then to be agreed. Factors in a successful contract include: power purchase agreements; fuel agreements; and implementation agreements. It is vital to have a source of information on local rules and customs, by working with local companies and employing local attorneys.

  5. Chinese Foreign Direct Investment in Indonesia

    DEFF Research Database (Denmark)

    Gammeltoft, Peter; Tarmidi, Lepi T.

    2013-01-01

    In Indonesia, no systematic study of Chinese FDI has been undertaken to date. This paper contributes to filling this research gap and analyses the current composition as well as the historical evolution of Chinese FDI in Indonesia, relying on a survey conducted in 2008 among Chinese invested...... enterprises supplemented with key informant interviews, available official statistics and secondary data. Considering the evolution of Chinese investments in Indonesia over time, investments have evolved from being individual and isolated projects to acquiring more systemic properties. Chinese companies have...... acquired a broader sectoral presence in Indonesia and Chinese invested companies in, e.g., extractive or manufacturing activities can increasingly rely on complementary Chinese investments in logistics, travel, finance, etc. Where the local development effects are concerned, a picture emerges where Chinese...

  6. Testing evolutionary theories of discriminative grandparental investment.

    Science.gov (United States)

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

    2013-05-01

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

  7. Intellectual Capital: Perceptions of Productivity and Investment

    Directory of Open Access Journals (Sweden)

    Aristides Isidoro Ferreira

    2011-03-01

    Full Text Available This study focuses on the influence intellectual capital has on employees’ perceptions as related to both company investments and productivity levels. The data was obtained from 440 employees at 13 Portuguese companies. Both ANOVA and Regression Analysis were conducted in order to understand the impact three Intellectual Capital Scale components have on perceptions of investment and organizational productivity. Results show that companies with higher scores of Structural Capital have a lower perception of investment in human resources and research, as well as a higher perception of investment in marketing and sales. Moreover, employees of companies with higher Structural Capital scores also have higher perceptions of productivity. On the other hand, organizations with higher investment in Customer Capital tend to be associated with a lower perception of organizational productivity.

  8. International Investment Law and EU Law

    DEFF Research Database (Denmark)

    regional economic integration agreements, International Competition Law, International Investment Regulation, International Monetary Law, International Intellectual Property Protection and International Tax Law. In addition to the regular annual volumes, EYIEL Special Issues routinely address specific...... current topics in International Economic Law. The entry into force of the Lisbon Treaty entails sweeping changes with respect to foreign investment regulation. Most prominently, the Treaty on the Functioning of the European Union (TFEU) now contains in its Article 207 an explicit competence...... for the regulation of foreign direct investment as part of the Common Commercial Policy (CCP) chapter. With this new competence, the EU will become an important actor in the field of international investment politics and law. The new empowerment in the field of international investment law prompts a multitude...

  9. Capital investment strategies in health care systems.

    Science.gov (United States)

    Reiter, K L; Smith, D G; Wheeler, J R; Rivenson, H L

    2000-01-01

    Capital investment decisions are among the most important decisions made by firms. They determine the firm's capacity for providing services and commit the firm's cash for an extended period of time. Interviews with chief financial officers of leading health care systems reveal capital investment strategies that generally follow the recommendations of modern finance theory. Still, there is substantial variation in capital budgeting techniques, methods of risk adjustment, and the importance of qualitative considerations in investment decision making. There is also variation in delegation of investment decision making to operating units and methods of performance evaluation. Health care systems face the same challenges as other organizations in developing and implementing capital investment strategies that use consistent methods for evaluation of projects that have inconsistent aims and outcomes.

  10. Does Foreign Aid Increase Foreign Direct Investment?

    DEFF Research Database (Denmark)

    Selaya, Pablo; Sunesen, Eva Rytter

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

  11. A framework for social investment strategies

    DEFF Research Database (Denmark)

    Kvist, Jon

    2015-01-01

    and multidimensional nature of social issues and social investments. Theoretically, this article establishes such a framework consisting of generational, life course and gender perspectives on social investments. The generational perspective brings out that social investments involve horizontal redistribution......, underpin the productive and reproductive social contract between generations, and the increased diversity within generations. The life course perspective demonstrates how social issues and social investments in one life stage depend on the situation in prior life stages and affect the situation in later...... life stages and, possibly, in multiple dimensions. The gender perspective shows how social investments can improve economic and social returns when gender and ageing over the life course are taken into consideration. Empirically, cross-national patterns indicate a positive relation between social...

  12. FINANCING RENEWABLE ENERGY SOURCES INVESTMENT IN POLAND

    Directory of Open Access Journals (Sweden)

    Jerzy Piotr Gwizdała

    2017-09-01

    Full Text Available In Poland, as in other European Union countries, the project finance structure is used to finance investments in the field of energy. This method investment financing is often used in the world. The upward trend inhibition in recent periods has been due to the global financial crisis and financial instability in the euro zone. On account of the necessity to develop the energy infrastructure associated with renewable sources, the considerable strengthening in the use of project finance techniques can be expected. The particular progression may be observed in the case of public-private partnership (ppp, where public investments are carried out by private companies. Companies, in case of investment realization in the field of ppp, almost always use project finance, because it is a beneficial way to separate the risks associated with an investment from the balance sheet of the compa-ny.

  13. Modelo de gestión de calidad a través de la mejora continua en la manufactura de transformadores de distribución y potencia

    OpenAIRE

    Ramos Carrión, Jorge Carmelo

    2017-01-01

    Enfoca la problemática de la calidad en los procesos de manufactura de transformadores de distribución y potencia, proponiendo un modelo de gestión de calidad a través de la mejora continua. Este modelo se construye tomando como referencia el estado real de los procesos y se valida aplicándolo a un grupo de empresas constituido por una gran empresa, una mediana empresa y dos pequeñas empresas, fabricantes de máquinas eléctricas, ubicadas en la ciudad de Lima. El modelo de gestión de calidad s...

  14. Desarrollo de un software para el cálculo de la pérdida de potencia de un buque en función del aumento de la corrosión en su casco

    OpenAIRE

    Castells Mur, Marçal

    2016-01-01

    Uno de los problemas más importantes que se presenta en el proyecto de un buque es la determinación de su potencia para que el buque navegue a una determinada velocidad. Existen estudios para predeterminar la resistencia total en aguas tranquilas. Mientras que en mar abierto y al cabo de un cierto tiempo ésta resistencia es mayor. En este proyecto se va a desarrollar un software para calcular el incremento de resistencia del buque en función de la rugosidad adquirida a lo largo del tiempo...

  15. Estudio de una red aislada de distribución de pequeña potencia y gran penetración eólica con la herramienta PSS/E

    OpenAIRE

    Merino Fernández, Julia

    2010-01-01

    El objeto de este proyecto es realizar un análisis de estabilidad ante contingencias en una red aislada de pequeña potencia con alto grado de penetración eólica mediante la herramienta PSS/E con el fin de aportar conocimiento para, posteriormente, definir la forma de operación más adecuada de dicho sistema atendiendo a su eficacia y fiabilidad. La red considerada para el estudio es la de la isla de El Hierro, en el archipiélago de Canarias, donde se tiene previsto abastecer exclusivamen...

  16. Validación de un modelo empírico para calcular, mediante laser y fotodiodo, la potencia en función de la distancia para un blanco difusor

    OpenAIRE

    Blázquez Campo, Pablo

    2012-01-01

    Este proyecto fin de carrera se centra en un estudio teórico y experimental de un sistema de emisión/recepción, formado por láser y fotodiodo, con el objetivo de validar un modelo empírico que describa el comportamiento de un blanco difusor iluminado con un haz colimado y describa la potencia recibida en función de la distancia con el punto de reflexión. A partir de los resultados experimentales, obtenidos y procesados mediante un software de aplicación general (Matlab) hallaremos la ecuación...

  17. Modelo de cálculo de demanda de potencia eléctrica en sistemas de tracción tipo metro, tren y tranvía

    OpenAIRE

    Ríos, Mario A; García, Gabriel

    2010-01-01

    Los sistemas eléctricos de transporte masivo (SETM) se han convertido en una de las alternativas para solucionar los problemas de movilidad en zonas urbanas o interurbanas. En este artículo, se presenta la teoría que permite modelar y determinar la demanda de potencia eléctrica de los SETM, la cual sirvió de base para el desarrollo de un modelo computacional. El artículo presenta dos ejemplos de aplicación, una línea de tranvía y una línea de metro, de donde se pueden observar requerimientos ...

  18. A proposal for the modular integration of the renewable energy sources, via hydrogen, and the Rankine power cycle; Una propuesta de integracion modular de las fuentes de energia renovables, via hidrogeno, y el ciclo de potencia Rankine

    Energy Technology Data Exchange (ETDEWEB)

    Sanchez Dirzo, Rafael

    2004-07-01

    This thesis synthesizes the state-of-the-art of the modular integration of the renewable energy sources and the Ranking power cycle. This is possible to obtain due to the development of the hydrogen production technologies and with it the chemical storage of the energies solar, Aeolian (wind) and tidal, among others. The purpose of this thesis is the assessment of hydrogen as fuel, its obtaining through the breaking of the water molecule using the renewable energies and the thermodynamic analysis of two prototypes for its energy conversion into electricity and power, voltage and fixed frequency: the first one at laboratory scale of 800 W and the second one, on industrial scale of 1 GW of power. Included here is the synthesis of the increasing bibliography on the development of the hydrogen technologies and the renewable energies, passing through the mass and energy balance in the power cycles until proposing, at the level of Process Flow Charts of the results of the proposed prototypes. The products show the possibility of constructing and operating the experimental prototype, whereas the thermodynamic analysis suggests that the industrial prototype is viable. The economic analysis of both proposals is part of a doctorate project in process. [Spanish] Esta tesis sintetiza el estado del arte de la integracion modular de las fuentes de energia renovables y el ciclo de potencia Ranking. Esto es posible lograrlo debido al desarrollo de las tecnologias de produccion de hidrogeno y con ello el almacenamiento quimico de las energias solar, eolica y maremotriz, entre otras. Es objetivo de esta tesis la valoracion del hidrogeno como combustible, su obtencion a traves del rompimiento de la molecula del agua utilizando las energias renovables y el analisis termodinamico de dos prototipo para su conversion energetica en electricidad a potencia, voltaje y frecuencia fijos: el primero a escala de laboratorio de 800 W y el segundo, a escala industrial de 1 GW de potencia. Se

  19. El mantenimiento a los transformadores de potencia; su análisis en el caso de una Central termoeléctrica cubana; Maintenance of power transformers; its analysis in the case of a Cuban thermal power station

    Directory of Open Access Journals (Sweden)

    Jorge Juan Montané García

    2011-06-01

    Full Text Available El presente artículo está dirigido a la exposición del proceso de mantenimiento a los transformadores de potencia, el mantenimiento preventivo, las normativas de mantenimiento y las pruebas a transformadores de potencia, el mantenimiento predictivo, el análisis de gases disueltos en el aceite de transformadores, las condiciones de los transformadores según este análisis, las más importantes características del aislamiento de celulosa de los transformadores de potencia y la necesidad de complementar el análisis de gases disueltos con el análisis de derivados furánicos en el aceite para evaluar la disminución del grado de polimerización del aislamiento de celulosa, los índices de clase mundial del proceso de mantenimiento a transformadores de potencia y su cálculo para el caso de una central termoeléctrica cubana y el análisis del proceso utilizando la Distribución de Weibull, ofreciéndose recomendaciones para mejorar este proceso de mantenimiento.    The authors write about the process of power transformers maintenance, the preventive maintenance, the maintenance standards and the tests of power transformers, the predicative maintenance, the analysis of dissolved gas in the transformers oil, the conditions of transformers in accordance with this analysis, the most important characteristics of the cellulose insulation of power transformers and the necessity to complement the dissolved gas analysis with the analysis of furan byproducts in the transformers oil in order to assess the reduction of the degree of polymerization of the cellulose insulation, the world class indicators of the process of power transformers maintenance and its calculation in the case of one of the Cuban steam power plants and the assess of this process using the Weibull distribution; at the end, authors give recommendations to improve the process of power transformers maintenance.

  20. STAND-ALONE WIND ENERGY CONVERSION SYSTEM WITH MAXIMUM POWER TRANSFER CONTROL SISTEMA AISLADO DE CONVERSIÓN EÓLICA CON CONTROL DE MÁXIMA TRANSFERENCIA DE POTENCIA

    Directory of Open Access Journals (Sweden)

    Miguel López

    2009-12-01

    Full Text Available A controlled wind generation system for a stand alone application is presented in this paper. A cascaded step-up/step-down power electronic converters topology is proposed to control the wind power system in the whole wind speed range. For the low wind speed range, the control strategy is aimed to follow the wind turbine’s maximal power coefficient by adjusting the generator’s rotational speed. For high wind speeds, the system power regulation is also made by controlling the generator speed. This control is made by the DC/DC power electronic converter, which modifies its input voltage, changing the machine voltage and consequently varying the generator’s rotor speed. The proposed system is validated by computer simulation. The proposed control system shows a good performance for its application in autonomous wind energy systems.Un sistema de generación eólica para una aplicación aislada es presentado en este artículo. Una topología de convertidores electrónicos de potencia elevador y reductor conectados en cascada es propuesta para controlar la producción eólica en todo el rango de velocidades del viento. Para el rango de vientos suaves, la estrategia de control permite seguir el máximo coeficiente de potencia de turbina eólica mediante el ajuste de la velocidad de rotación del generador. En el rango de vientos fuertes, la regulación de la potencia del sistema se hace igualmente por control de la velocidad de giro del generador. La acción de control es realizada mediante el convertidor DC/DC de potencia el cual modifica su tensión de entrada, cambiando así la tensión en los terminales de la máquina y por consecuencia variando la velocidad de rotación del generador. El sistema propuesto es validado mediante simulación por computador. Los resultados muestran que el sistema de control propuesto actúa de buena manera para su aplicación en sistemas autónomos de generación eólica.

  1. Mobilising Investment in Energy Efficiency

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2012-07-01

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

  2. INVESTMENT FUNDS INDUSTRY IN ROMANIA

    Directory of Open Access Journals (Sweden)

    Adela Ionescu

    2013-11-01

    Full Text Available Capital market offers those who study it and those who use it as traders or as investors, a feature similar to a paradox. Her specific routine operations are regulated to the level of detail bylaws, instructions, procedures or measures layouts while decisions on investments in securities and portfolio restructuring are taken under perpetual uncertainty. This has a twofold explanation, an objective one and a subjective one.Future prices, as well as successive conditions of stock exchange not necessarily flow from the past, thus one cannot predict their level and over them is hanging the conviction that any selected alternative action is probably the best without having any certainty that that is really correct and rational in an absolute mode.Even if the evaluation of factors influencing prices is a questionable one, there is the likelihood of good choices when doing a basic operation-selling or buying. Factors identified, evaluated and ranked may change in the next period their force of action or even the market structure so that exchange activity is at least difficult to determine.In this category is included the mutual fund industry, whose evolution in Romania was not without risk and has had a tortuous circuit thanks to immature capital markets and market actors but especially due to the permissive legislation during the start phase. A certain progress was recorded in the last 10 years,although the financial crisis made its mark on the capital market and revealed the negative impact of systemic risks.

  3. Alternative approaches to transmission investment

    Energy Technology Data Exchange (ETDEWEB)

    Thon, S. [AltaLink Management Ltd., Calgary, AB (Canada)

    2004-07-01

    AltaLink is Canada's first stand-alone power transmission company, serving all major centres in Alberta and 85 per cent of Alberta's population. It has more than $1 billion in assets, 11,500 km of transmission lines and 300 substations. It was noted that there has not been any significant investment in power transmission in Alberta for the past 20 years, partly because transmission assets have a very long lifespan. The new role of the power grid is to ensure reliability, safety, efficiency, market effectiveness and supply diversity. The benefits and costs of AltaLink's 500 kV North-South upgrade project were outlined. It was noted that a healthy transmission system is the basis for economic growth throughout the province and for the development of Alberta's resource base. The transmission policy in Alberta endorses that all consumers pay postage stamp tariffs. It also promotes a proactive plan for transmission projects, the time to maximum rate (TMR) in limited cases only, a congestion-free grid under normal conditions, the financial commitment of generators, specific time limits on permitting processes, and regional interconnections to benefit all customers. tabs., figs.

  4. RISKS ASSOCIATED WITH INVESTMENTS IN STRUCTURED INVESTMENT PRODUCTS, SELECTION CRITERIA OF SIP`S

    Directory of Open Access Journals (Sweden)

    Ignatyuk Aleksandr Sergeevich

    2013-05-01

    Full Text Available Purpose To identify and classify the major risks affecting on the structured investment products, to submit proposals to limit their impact. Methodology The work is based on a studying of the practice of investments in structured investment products, detection and investigation of sources of market risk of structured investment products. Results Structured investment products, as any other investment product, has a significant set of risks that could affect to a large extent on its evaluation and determine the behavior of the investor. Financial engineers have the ability to control most of these risks, as well as to limit their impact. Thus, the structured investment product, unlike most classic investment instruments can provide investors with highly transparent mechanism to determining the ratio of investment risk and potential income. Practical implications The results can be used in a scientific investigation of the phenomenon of structured investment products, as well as practical work on the formation of the structured products by investment banks and brokerage firms.

  5. Foreign direct investment vs domestic investment across the European Union. Case study: Romania

    Directory of Open Access Journals (Sweden)

    Romeo Victor IONESCU

    2015-11-01

    Full Text Available The paper deals with the idea that investment process is important not only for the economic growth, but for the global integration. There is a powerful connection between FDI and domestic investments. As a result, the analysis is focused on FDI flows in EU28 and Euro area. The comparative analysis is followed by regression, in order to point out the disparities between Member States and their trend. The average value of inward and outward FDI flows is analysed using FDI intensity. A distinct part of the paper is focused on domestic investment process and analyses total investment, investment in construction and investment in equipment. The analysis is supported by the latest official statistical data, pertinent diagrams and tables. The main conclusion of the paper is that the economic crisis in Europe led to a decrease in FDI and domestic investment flows.

  6. 76 FR 23342 - Russell Investment Management Company, et al.;

    Science.gov (United States)

    2011-04-26

    ...] Russell Investment Management Company, et al.; Notice of Application April 20, 2011. AGENCY: Securities...: Applicants request an order that would permit (a) series of certain open-end management investment companies... registered management investment companies and unit investment trusts outside of the same group of investment...

  7. Analysis of stage-investing strategy in equity financing market

    Institute of Scientific and Technical Information of China (English)

    XUN Minghui

    2007-01-01

    Stage-investing strategy is a primary measure to mitigate asymmetric information during equity investment. This paper attempts to investigate the problem faced by equity investors wishing to make optimal investment decision under stage-investing strategy.A serial investment-decision making model will be designed to help investors to take the best choice.

  8. FOREIGN DIRECT INVESTMENTS DURING FINANCIAL CRISES

    Directory of Open Access Journals (Sweden)

    VINTILA DENISIA MARIANA

    2011-12-01

    Full Text Available The fundamental idea of International capital flows is that short-term flows can be easily reversed, while flows on a longer time horizon are more stable. Crises are associated with withdrawals of short-term capital flows and growth of the foreign direct investment flows. The current crisis has meant a major decline of international capital flows, also of the foreign direct investment. The analysis in this article tries to establish if and under which conditions foreign direct investments can bring greater stability during the crisis, comparing the evolution of foreign direct investments in the current crisis with their response in previous crises. We show that during previous crises foreign direct investments were stable, behaving differently from other types of capital. Yet, during the current crisis, foreign direct investments have proven to be not so stable and all the components declined, raising questions about the resumption of the positive trend. The stability of foreign direct investments in the past was given by the increase of mergers and acquisitions during the crisis, reflecting fire-sale FDI. This feature is not found in the current crisis as mergers and acquisitions were severe affected by the crises and recorded a major decline. The current paper is realized in the doctoral program entitled PhD in economics at the standards of European knowledge- DoEsEc, scientific coordinator Prof. PhD Rodica Zaharia, institution The Academy of Economic Studies Bucharest, Faculty of International Business, period of research 2009-2012.

  9. Valuating the Investment Efficiency of Distribution Companies

    Directory of Open Access Journals (Sweden)

    M. Karajica

    2007-01-01

    Full Text Available The task of this study is to valuate the investment efficiency of distribution companies. Although a series of publications and studies has been dedicated to this topic, it is difficult to find a general consensus in defining the investment efficiency of a company. Nevertheless if we simplify an imaginary  company as a production unit in which a series of actions transforms inputs to outputs, efficiency can be understood as like an effort to achieve maximum value of the outputs together with minimum usage of inputs, where the inputs constitute investments by a company. The investment efficiency of a company can be measured by expressing the absolute values of selected inputs and outputs, a relative expression of inputs and outputs, and perhaps an expression of the difference between them. However, an examination of the efficiency of a certain company is impossible without a valuation of other companies. In view of the amount of benchmarking, it should be emphasized, that this study is dedicated to a certain category of benchmarking, which we may term investment benchmarking. This benchmarking can be defined as a comparison of companies in terms investment efficiency. The purpose of this comparison is not only to investigate levels of investment efficiency and to relate them to other companies from the same branch, but also to locate the greatest efficiency and indicate potential improvement. 

  10. Foreign investment multinational companies and economic development

    Directory of Open Access Journals (Sweden)

    Popov Đorđe

    2013-01-01

    Full Text Available There is no universal answer on the question whether foreign investments stimulate economic development. The positive effect of foreign direct investments will follow when the investments is carried out under normal conditions of competition. That means, above all, low barriers for foreign trade and the low level of restrictions for foreign owned companies. In such circumstances, multinational corporations can assist the economies of penetration to make its businesses more efficient. Foreign investors bring with them brand new types of economic activities and in that way shifting the limits of business opportunities in the countries of penetration. But if the investments are implemented in markets protected with protectionist barriers of various kinds, then they could have negative effects. The negative effects are in particularly reflected in the inefficient use of domestic resources. Foreign investments depend on the macro and micro institutional reforms, low inflation, real exchange rate, and reasonably efficient legal system that protects the property rights and encourages savings and investment. The low level of corruption, together with the foregoing conditions is a prerequisite for the creation of a stimulating environment for foreign investments.

  11. US Investment Treaties and Labor Standards

    Directory of Open Access Journals (Sweden)

    Kwan-Ho Kim

    2006-06-01

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

  12. Capitals Cost and the Investments Actualisation Rate

    Directory of Open Access Journals (Sweden)

    Ion Stancu

    2006-04-01

    Full Text Available In this article, the author has assumed himself an assignment somehow ostentatious but useful, we believe, naming the one to illustrate by means of figures, the influence of both leverage and economic growth over the cost of capital, cost which will be used in capital budgeting. This synthesis is meant to be a forthcoming approach to a later investigation of the problems raised by the estimation of the cost of capital in the specific conditions of both the financial market in Romania and the quality of the economic-financial information, information available for this estimation. The discount rate for an investment project (kinv with a risk equal to the risk undertaken by the enterprise and financed within the firm’s capital structure itself (having the same leverage is equal to the (weighted average cost of capital in the respective risk class (k. Under these circumstances, it is interesting to find out this opportunity cost of capital invested in a medium-sized enterprise: a with investments in rebuilding the productive capacity, all equity financed; b with investments in rebuilding the productive capacity, financed both by equity and debt; c with new investments, all equity financed; d with new investments, financed both by equity and debt. Under these conditions, we estimate the effect of both the leverage and economic growth over the cost of capital (kec and kc to be able to determine in the end the discount rate of the analyzed investment (kinv: for enterprises with only maintaining investments (g = 0, unlevered (U and levered (L; for enterprises with growing investments (g > 0, unlevered (U and levered (L.

  13. Capitals Cost and the Investments Actualisation Rate

    Directory of Open Access Journals (Sweden)

    Ion Stancu

    2006-02-01

    Full Text Available In this article, the author has assumed himself an assignment somehow ostentatious but useful, we believe, naming the one to illustrate by means of figures, the influence of both leverage and economic growth over the cost of capital, cost which will be used in capital budgeting. This synthesis is meant to be a forthcoming approach to a later investigation of the problems raised by the estimation of the cost of capital in the specific conditions of both the financial market in Romania and the quality of the economic-financial information, information available for this estimation. The discount rate for an investment project (kinv with a risk equal to the risk undertaken by the enterprise and financed within the firm’s capital structure itself (having the same leverage is equal to the (weighted average cost of capital in the respective risk class (k. Under these circumstances, it is interesting to find out this opportunity cost of capital invested in a medium-sized enterprise: a with investments in rebuilding the productive capacity, all equity financed; b with investments in rebuilding the productive capacity, financed both by equity and debt; c with new investments, all equity financed; d with new investments, financed both by equity and debt. Under these conditions, we estimate the effect of both the leverage and economic growth over the cost of capital (kec and kc to be able to determine in the end the discount rate of the analyzed investment (kinv: for enterprises with only maintaining investments (g = 0, unlevered (U and levered (L; for enterprises with growing investments (g > 0, unlevered (U and levered (L.

  14. Investment risks under uncertain climate change policy

    International Nuclear Information System (INIS)

    Blyth, William; Bradley, Richard; Yang, Ming; Bunn, Derek; Clarke, Charlie; Wilson, Tom

    2007-01-01

    This paper describes results from a model of decision-making under uncertainty using a real options methodology, developed by the International Energy Agency (IEA). The model represents investment decisions in power generation from the perspective of a private company. The investments are subject to uncertain future climate policy, which is treated as an external risk factor over which the company has no control. The aims of this paper are to (i) quantify these regulatory risks in order to improve understanding of how policy uncertainty may affect investment behaviour by private companies and (ii) illustrate the effectiveness of the real options approach as a policy analysis tool. The study analysed firms' investment options of coal- and gas-fired power plants and carbon capture and storage (CCS) technologies. Policy uncertainty is represented as an exogenous event that creates uncertainty in the carbon price. Our findings indicate that climate policy uncertainty creates a risk premium for power generation investments. In the case of gas- and coal-fired power generation, the risk premium would lead to an increase in electricity prices of 5-10% in order to stimulate investment. In the case of CCS, the risk premium would increase the carbon price required to stimulate investment by 16-37% compared to a situation of perfect certainty. The option to retrofit CCS acts as a hedge against high future carbon prices, and could accelerate investment in coal plant. This paper concludes that to minimise investment risks in low carbon technologies, policy-makers should aim to provide some long-term regulatory certainty. (author)

  15. Return Predictability, Model Uncertainty, and Robust Investment

    DEFF Research Database (Denmark)

    Lukas, Manuel

    Stock return predictability is subject to great uncertainty. In this paper we use the model confidence set approach to quantify uncertainty about expected utility from investment, accounting for potential return predictability. For monthly US data and six representative return prediction models, we...... find that confidence sets are very wide, change significantly with the predictor variables, and frequently include expected utilities for which the investor prefers not to invest. The latter motivates a robust investment strategy maximizing the minimal element of the confidence set. The robust investor...... allocates a much lower share of wealth to stocks compared to a standard investor....

  16. FORMS AND MOTIVATIONS OF FOREIGN DIRECT INVESTMENT

    Directory of Open Access Journals (Sweden)

    Maria-Ramona SÂRBU

    2014-04-01

    Full Text Available This study proposes the identification of forms of Foreign Direct Investment (FDI and analyzes factors influencing FDI motivation. Designing a coherent program to encourage foreign direct investment is based on knowledge of the factors that determine international companies to resort to this type of development: these companies resort to foreign direct investment if they have ownership advantages and internationalization, while another country has locational advantages to the company's home country. Thus, identifying the factors that influence the motivation of FDI is important both at the microeconomic level, local, local authorities and macroeconomic, national, government to develop measures for multiplying FDI .

  17. DETERMINANTS OF FOREIGN DIRECT INVESTMENTS IN ROMANIA

    Directory of Open Access Journals (Sweden)

    Lenuta CARP (CEKA

    2014-11-01

    Full Text Available Foreign direct investments have known an increased importance in the worldwide economy. Theoretical approaches highlight the positive externalities foreign direct investments generate in the beneficiary economy though different channels. The aim of this paper is to emphasize, based on an econometric analysis using data for Romania, the fundamental determinants of foreign direct investments attractiveness. The analysis will be followed by the recommendations for increasing the inflows in our country and measures to enhance their effect in the national economy. Further analysis will be developed focusing on the emerging countries from Europe using a panel technique.

  18. DETERMINANTS OF FOREIGN DIRECT INVESTMENT DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    Elena Chirila - Donciu

    2013-12-01

    Full Text Available FDI had a strong impact in the last three decades on economic growth, foreign trade and production structures in almost all countries. The purpose of this paper is to analyze the main factors that contribute to attracting foreign direct investment flows and also the competitiveness of the business environment in Romania and its implications on investment decisions and economic growth. Research results show that the presence of FDI goes to those areas that can provide efficiencies investment factors: skilled and qualified labor, educational and research institutions etc..

  19. Open-end Investment Funds in Croatia

    Directory of Open Access Journals (Sweden)

    Bojan Morić Milovanović

    2006-03-01

    Full Text Available This work discusses investment funds in Croatia, with a particular emphasis on openend investment funds. After a short review of the development of the funds, the perception of the funds is analysed, as are the trends in total assets and in average yields. The degree of concentration of open-end investment funds is shown with statistical measures of concentration (the Gini Coefficient, the Lorenz Curve and concentration ratios. All these indicators show that the concentration is moderate to strong. The greatest yields are given by the equity funds, but these are also the most risky.

  20. Investment in electricity for development. Chapter 5

    International Nuclear Information System (INIS)

    2007-01-01

    In this short chapter, we discuss first the role of reliable and affordable electricity in underpinning economic development and in enabling the achievement of the MDGs in health and education. We then review some estimates of investment requirements for energy needs in sub Saharan Africa. In the next section we discuss briefly how financing sources for investment in the sector in sub-Saharan Africa are constrained. In the main and final section we list priority policies, which, if implemented, can help overcome these constraints so that increased amounts of investment begin to flow into the sector, resulting in the desired improvement in electricity services