WorldWideScience

Sample records for preliminary project financing

  1. What is project finance?

    Directory of Open Access Journals (Sweden)

    João M. Pinto

    2017-05-01

    Full Text Available Project finance is the process of financing a specific economic unit that the sponsors create, in which creditors share much of the venture’s business risk and funding is obtained strictly for the project itself. Project finance creates value by reducing the costs of funding, maintaining the sponsors financial flexibility, increasing the leverage ratios, avoiding contamination risk, reducing corporate taxes, improving risk management, and reducing the costs associated with market imperfections. However, project finance transactions are complex undertakings, they have higher costs of borrowing when compared to conventional financing and the negotiation of the financing and operating agreements is time-consuming. In addition to describing the economic motivation for the use of project finance, this paper provides details on project finance characteristics and players, presents the recent trends of the project finance market and provides some statistics in relation to project finance lending activity between 2000 and 2014. Statistical analysis shows that project finance loans arranged for U.S. borrowers have higher credit spreads and upfront fees, and have higher loan size to deal size ratios when compared with loans arranged for borrowers located in W.E. On the contrary, loans closed in the U.S. have a much shorter average maturity and are much less likely to be subject to currency risk and to be closed as term loans.

  2. What is Project Finance?

    OpenAIRE

    Pinto, João

    2017-01-01

    Project finance is the process of financing a specific economic unit that the sponsors create, in which creditors share much of the venture’s business risk and funding is obtained strictly for the project itself. Project finance creates value by reducing the costs of funding, maintaining the sponsors financial flexibility, increasing the leverage ratios, avoiding contamination risk, reducing corporate taxes, improving risk management, and reducing the costs associated with market ...

  3. Default risk in project finance

    NARCIS (Netherlands)

    Klompjan, R.; Wouters, Marc

    2002-01-01

    Understanding default risk in project finance is relevant to investors. This article investigates which factors are most strongly associated with the occurrence of project finance default, using data from 210 projects, of which 37 were in default. The authors found that the use of proven technology,

  4. Geothermal Outreach and Project Financing

    Energy Technology Data Exchange (ETDEWEB)

    Elizabeth Battocletti

    2006-04-06

    The ?Geothermal Outreach and Project Financing? project substantially added to the understanding of geothermal resources, technology, and small business development by both the general public as well as those in the geothermal community.

  5. Guidebook to financing CDM projects

    Energy Technology Data Exchange (ETDEWEB)

    Kamel, S.

    2007-07-01

    One of the challenges facing Clean Development Mechanism (CDM) projects today is their limited ability to secure financing for the underlying greenhouse gas emission reduction activities, particularly in the least developed countries. Among the key reasons for this is the fact that most financial intermediaries in the CDM host countries have limited or no knowledge of the CDM Modalities and Procedures. Moreover, approaches, tools and skills for CDM project appraisal are lacking or are asymmetrical to the skills in comparable institutions in developed countries. Consequently, developing country financial institutions are unable to properly evaluate the risks and rewards associated with investing or lending to developers undertaking CDM projects, and therefore have, by-and-large, refrained from financing these projects. In addition, some potential project proponents lack experience in structuring arrangements for financing a project. This Guidebook - commissioned by the UNEP Risoe Centre as part of the activities of the Capacity Development for CDM (CD4CDM) project (http://www.cd4cdm.org) - addresses these barriers by providing information aimed at both developing country financial institutions and at CDM project proponents. It should be noted that while the Guidebook was developed particularly with the CDM in mind, most sections will also be relevant for Joint Implementation (JI) project activities. For more detailed information on JI modalities and procedures please consult: http://ji.unfccc.int The purpose of this Guidebook is two-fold: 1) To guide project developers on obtaining financing for the implementation of activities eligible under the CDM; and 2) To demonstrate to developing country financial institutions typical approaches and methods for appraising the viability of CDM projects and for optimally integrating carbon revenue into overall project financing. The target audiences for the Guidebook are therefore, primarily: 1) CDM project proponents in

  6. 78 FR 33755 - Project Financing Loans

    Science.gov (United States)

    2013-06-05

    ... finance electric infrastructure projects, including those that use renewable sources of energy. RUS is... $43 billion. While RUS has authority to finance electric infrastructure on a ``project'' basis and has... investments. In a ``project'' finance model, the assets and revenues from a particular investment form the...

  7. Developing financeable projects in Central Europe

    Energy Technology Data Exchange (ETDEWEB)

    Chelberg, R.; Prerad, V. [POWER International, Josefov (Czechoslovakia)

    1995-12-01

    POWER`s engineering and development experience in the Czech Republic creating financeable projects within the power generation industry will be presented. POWER has been involved in the Czech Republic`s privatization process, environmental legislation as well as formation of the regulatory environment. Strategic methods for accomplishing the development of financeable projects often include ownership and financial restructuring of the projects. This is done by utilizing internal cash flows, external debt and equity placement (provided by international financial institutions) by restructuring the facility`s contractual relationships and operations (providing as least cost solution to engineering) and possibly using existing governmental guarantees. In order to make any recommendations on how to come into compliance with the country`s environmental legislation, it is necessary to begin with an analysis of the existing facility. This involves preparation of technical and economic feasibility study, evaluation of technology and preliminary engineering solutions. It further involves restructuring of power sales agreements, heat sales agreements, and fuel supply agreements. The goal is to provide suitable security for the equity and debt financing participants by mitigating risk and creating a single purpose business unit with predictable life and economics.

  8. An Introduction to International Factoring & Project Finance

    OpenAIRE

    Glinavos, Ioannis

    2002-01-01

    This work consists of two essays on law and finance in international trade. It addresses the means of raising funds for investment through receivables financing and project finance. The first essay discusses the role of receivables financing and in particular factoring in international trade. It examines the nature of factoring transactions and presents the efforts at regulation on an international level aimed at overcoming the difficulties in enforcement. The second essay discusses project f...

  9. An Introduction to International Factoring & Project Finance

    OpenAIRE

    Glinavos, Ioannis

    2002-01-01

    This work consists of two essays on law and finance in international trade. It addresses the means of raising funds for investment through receivables financing and project finance. The first essay discusses the role of receivables financing and in particular factoring in international trade. It examines the nature of factoring transactions and presents the efforts at regulation on an international level aimed at overcoming the difficulties in enforcement. The second essay discusses project f...

  10. 25 CFR 170.300 - May tribes use flexible financing to finance IRR transportation projects?

    Science.gov (United States)

    2010-04-01

    ... Financing § 170.300 May tribes use flexible financing to finance IRR transportation projects? Yes. Tribes may use flexible financing in the same manner as States to finance IRR transportation projects, unless... or bonds to finance IRR projects. Upon the request of a tribe, a BIA region will provide necessary...

  11. Finance and supply management project execution plan

    Energy Technology Data Exchange (ETDEWEB)

    BENNION, S.I.

    1999-02-10

    As a subproject of the HANDI 2000 project, the Finance and Supply Management system is intended to serve FDH and Project Hanford major subcontractor with financial processes including general ledger, project costing, budgeting, and accounts payable, and supply management process including purchasing, inventory and contracts management. Currently these functions are performed with numerous legacy information systems and suboptimized processes.

  12. Financing strategy for Indonesian Nuclear Power Project

    Energy Technology Data Exchange (ETDEWEB)

    Subki, I.M.; Arbie, B.; Adiwardojo; Seotrisnanto, A.Y. [National Atomic Enegy Agency, Batan (Indonesia)

    1998-07-01

    In anticipation of the introduction in the early 2000s of a nuclear power plant, the Government of Indonesia (GOI), through the National Atomic Energy Agency (BATAN) , has formulated a Bid Invitation Specification (BIS) in parallel with the completion of the NPP Feasibility Study. This BIS formulation assumed an open international tender for the first unit of the NPP with project financing as a conventional loan. The GOI's recent policy is to minimize government financial support for power development. This paper summarizes a financing strategy for the Indonesian NPP project to make the NPP economically viable, and provides a general discussion on project financing using a conventional approach, Build--Own-Operate (BOO) and a counter-purchase approach. Innovative approaches for financing are still being pursued in order to obtain an optimum solution for investors and owners, to fulfill the Indonesian government's requirements. (author)

  13. Conceptual Framework and Recent Trends in Project Financing

    OpenAIRE

    Dr Sunil Kumar,

    2012-01-01

    Project financing is a non-recourse financing which provides leverage, contractual structure, creates a special purpose vehicle and considers the revenue generated by the project not the general assets of the business at the time of financing. Project financingtechnique is prominently used for mines, toll road, pipeline, power station, hospital and other infrastructure projects. Past studies show that the Public-Private-Partnership, Take-out Finance, BondFinance, Securitisation, Viability Gap...

  14. Project Finance - A stimulating instrument to bioenergy implementation

    Energy Technology Data Exchange (ETDEWEB)

    Schmidt, Claus-Henning [UmweltBank AG, Nuernberg (Germany)

    2006-07-15

    Successful bioenergy implementation depends very much on appropriate financing means. Classical financing routes like on balance sheet finance often fail, since bioenergy plant projects may exceed the financial capacities and the know how of small and medium sized investors. An excellent financing answer for the challenges of bioenergy plant projects is limited recourse project finance. While traditional on balance sheet financing focuses on corporate assets as security for the loan as well as other related external collateral with limited recourse project financing, the project borrows on a stand-alone basis. While some guarantees may be required, the lender's repayments are secured primarily by the project's assets and cash flows with limited recourse to the developer. So, project finance enables small and medium sized investors to get access to the bioenergy business segment. Moreover, it encourages participation and cooperation of different parties in bioenergy projects. Project finance helps to gain support for a new energy paradigm.

  15. [Project financing in public hospital trusts].

    Science.gov (United States)

    Contarino, F; Grosso, G; Mistretta, A

    2009-01-01

    The growing debate in recent years over how to finance public works through private capital has progressively highlighted the role of project finance (PF) and publicprivate partnerships (PPP) in general. More and more European countries are turning to PF to finance their public infrastructure development. The UK, which pioneered the adoption of project finance in this field, has been followed by Italy, Spain, France, Portugal and Germany and more recently by Greece, Czech Republic and Poland. Beginning in the late 1990's, Italy has steadily amplified its use of PF and PPPs in key sectors such as healthcare as an alternative way of funding the modernisation of its health facilities and hospitals. The trend reveal an average annual growth of 10.9% since 2002 with peaks of varying intensity over the five year period. Project finance and PPPs represent an effective response to the country's infrastructure gap and support the competitiveness of local systems and the quality of public services. None of this will transpire, however without energetic new planning efforts and adequate policy at the centre.

  16. Conceptual Framework and Recent Trends in Project Financing

    Directory of Open Access Journals (Sweden)

    Dr. Sunil Kumar

    2012-06-01

    Full Text Available Project financing is a non-recourse financing which provides leverage, contractual structure, creates a special purpose vehicle and considers the revenue generated by the project not the general assets of the business at the time of financing. Project financingtechnique is prominently used for mines, toll road, pipeline, power station, hospital and other infrastructure projects. Past studies show that the Public-Private-Partnership, Take-out Finance, BondFinance, Securitisation, Viability Gap Funding, and Infrastructure SPV are the prominent project finance structures being used now a day. The foremost advantage of project financing is that it is a nonrecourse financing which results in high leverage for the firms. It also helps in distributing the risk and provides efficient returns in comparison to conventional financing techniques. The shortcoming of project financing is that it is a time consumingprocess which is relatively expensive. Also, the transactions of project financing are very complex in comparison to traditional corporate financing. With the impact of privatization, deregulation and spread of globalisation project finance has emerged as a keyfinancing technique throughout the world. A year wise analysis of the project finance investment shows that in the year 2004 project finance investment rose by 466.59% over 1994. Region-wise analysis ofproject financing in the world shows that Western Europe and North America contributed nearly 53% of the total investments in the year 2000 but it was reduced to 36% only by the year 2004. Sector-wiseanalysis shows that Power sector accounted for maximum project finance followed by Infrastructure, Oil & Gas, Petrochemicals and Telecom etc. The study further reveals that project finance is catching up steadily in India because of emphasis given toinfrastructure given to infrastructure by the government. At present nearly 300 PPP projects are going on in the country.

  17. Investment Lending as a Method Of Investment Projects Financing

    OpenAIRE

    Svitlana Urvantseva

    2014-01-01

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

  18. Investment Lending as a Method Of Investment Projects Financing

    OpenAIRE

    Svitlana Urvantseva

    2014-01-01

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

  19. APPROACHES FOR EVALUATING AND FINANCING INVESTMENT PROJECTS

    Directory of Open Access Journals (Sweden)

    Maria-Loredana POPESCU

    2011-12-01

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

  20. 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.

  1. Project finance of hydroelectric power plants in Brazil; 'Project finance' de usinas hidroeletricas no Brasil

    Energy Technology Data Exchange (ETDEWEB)

    Ribeiro Filho, Valfredo de Assis; Ramos, Maria Olivia de Souza [Universidade Salvador (UNIFACS), BA (Brazil)

    2008-07-01

    The aim of this paper is to discuss the modality of project finance of financing of enterprises, which is the main modality of structuring of hydroelectric projects in Brazil. In the discussion will be highlighted the importance of contracts EPC (Engineering, Search and Construction) in the structuring of project finances. This financing model has particular characteristics related to risk sharing and financial flexibility that enable the financing of projects with long-term capital, however, due to participation of various actors and the nature of the structure of project finance, the negotiation and drafting of contracts are always very complex.

  2. Financing of private small scale hydroelectric projects

    Energy Technology Data Exchange (ETDEWEB)

    Smukler, L.M.

    1981-03-01

    This manual is a description of the financing process associated with the private development of SSH projects. It examines the institutional framework and the actors within that framework who will have vital impact upon the potential for success of a project. The manual describes the information a developer should obtain in order to make intelligent decisions concerning the multiple directions in which project development can proceed. This information should assist the developer in formulating a business plan. Factors to be considered in choosing a business organizational form are discussed. Included is an analysis of the federal income tax factors relevant to SSH in context of the treatment of specific items: business expenses, depreciation, the Investment Tax Credit, and the Energy Tax Credit as modified by COWPTA. In addition, the tax and organizational factors are applied to an analysis of two mechanisms which can lower development costs through maximum utilization of available tax benefits: limited partnerships and leveraged leases. The manual lists and analyzes the major sources of debt and equity financing that are potentially available to a developer. Finally, all the previously discussed pieces are put together and how the decisions relating to such factors as marketing, taxation and debt financing interrelate to determine the probable success and profitability of a project are investigated. Furthermore, this part of the manual will provide an illustrated guide to understanding the financing process, leading the reader through the decisionmaking and negotiation points, and highlighting what should be borne in mind, what a developer may be giving up and what the perspective of other key actors will be at those points.

  3. 91 Project Finance for Small and Medium Scale Enterprises (SMEs ...

    African Journals Online (AJOL)

    User

    2012-01-24

    Jan 24, 2012 ... governments, money deposits, and micro finance institutions. ... Project financing is one of the best methods of seeking to acquire capital fund .... experienced professionals are expensive although available in Nigeria. The.

  4. Marlim project finance; 'Project finance' de Marlim

    Energy Technology Data Exchange (ETDEWEB)

    D' Almeida, Albino Lopes [PETROBRAS, Rio de Janeiro, RJ (Brazil)

    2004-07-01

    Project Finance is often used worldwide to raise the funds to develop big projects, particularly in the area of power and infra-structure. It is designed to support a singular project and a specific purpose company is created to obtain the financing. The debt payment is secured by the enterprise's cash flow, avoiding real guarantee requirements. The lenders receive the future revenues and the property of the assets to be built. The risks are mitigated by agreements exhaustively negotiated among the parties. One of the most important Project Finances performed in Brazil is the Marlim Project, structured in order to complete the development of the Marlim oil field. This is the biggest Brazilian oil field, producing more than 500,000 barrels a day, almost 35% of the national production. This paper presents the general concepts related to this type of financing and general information about the project, including its structuring, negotiation and closing. The total commitment reaches US$ 1.5 billion obtained in both domestic and international markets through equity, bridge loan, bonds and commercial papers. Its whole life is 10 years, using 2 special purpose companies in its configuration. (author)

  5. Participation of financial institutions in project financing of infrastructure projects

    Directory of Open Access Journals (Sweden)

    Benković Slađana

    2012-03-01

    Full Text Available Infrastructure investing makes up a significant part of the financial institutions portfolio, and contributes to creating long-term assets cash flows. In addition, infrastructure assets are relatively inelastic in demand and price, and as such the asset has a good performance during the economic downturn. Properly structured infrastructure investments contribute to the diversification of the portfolio, due to the lack of correlation with the yield on bonds, stocks and real estate, and offer good protection against inflation. Applying the concept of project financing involves the application of the most advanced financial techniques and products that are able to ensure only credible international financial institutions and companies. Paper attempts to indicate the presence of financial institutions in project financing of infrastructure, as well as the benefits of this concept in expected to finance infrastructure in Serbia.

  6. Growth and project finance in the least developed countries

    OpenAIRE

    Lisbeth F. la Cour; Jennifer Müller

    2014-01-01

    This article examines the effects of project finance on economic growth in the least developed countries (LDC). Inspired by the neoclassical growth model we set up an econometric model to estimate the effects of project finance for a sample consisting of 38 of the least developed countries using data from the period 1994-2007. The results of our study suggest, that project finance has a significant positive effect on economic growth and therefore constitute an important source of ...

  7. PROJECT BONDS IN FINANCING PUBLIC-PRIVATE PARTNERSHIPS IN UKRAINE

    Directory of Open Access Journals (Sweden)

    I. Ovsiannykova

    2014-12-01

    Full Text Available The theoretical principles concerning the financing of public private partnership' projects are deepened and practical recommendations for improving the procedure of raising funds for projects of public-private partnerships through the use project bonds are substantiated.

  8. PROJECT BONDS IN FINANCING PUBLIC-PRIVATE PARTNERSHIPS IN UKRAINE

    OpenAIRE

    2014-01-01

    The theoretical principles concerning the financing of public private partnership' projects are deepened and practical recommendations for improving the procedure of raising funds for projects of public-private partnerships through the use project bonds are substantiated.

  9. The EPSA Project Finance Mapping Tool

    Energy Technology Data Exchange (ETDEWEB)

    Hadley, Stanton W. [Oak Ridge National Lab. (ORNL), Oak Ridge, TN (United States); Chinthavali, Supriya [Oak Ridge National Lab. (ORNL), Oak Ridge, TN (United States)

    2016-07-01

    The Energy Policy and Systems Analysis Office of DOE has requested a tool to compare the impact of various Federal policies on the financial viability of generation resources across the country. Policy options could include production tax credits, investment tax credits, solar renewable energy credits, tax abatement, accelerated depreciation, tax-free loans, and others. The tool would model the finances of projects in all fifty states, and possibly other geographic units like utility service territories and RTO/ISO territories. The tool would consider the facility s cost, financing, production, and revenues under different capital and market structures to determine things like levelized cost of energy, return on equity, and cost impacts on others (e.g., load-serving entities, society.) The tool would compare the cost and value of the facility to the local regional alternatives to determine how and where policy levers may provide sufficient incremental value to motivate investment. The results will be displayed through a purpose-built visualization that maps geographic variations and shows associated figures and tables.

  10. Alternative windpower ownership structures: Financing terms and project costs

    Energy Technology Data Exchange (ETDEWEB)

    Wiser, R.; Kahn, E.

    1996-05-01

    Most utility-scale renewable energy projects in the United States are developed and financed by private renewable energy companies. Electric output is then sold to investor-owned and public utilities under long-term contracts. Limited partnerships, sale/leaseback arrangements, and project-financing have historically been the dominant forms of finance in the windpower industry, with project-finance taking the lead more recently. Although private ownership using project-finance is still the most popular form of windpower development, alternative approaches to ownership and financing are becoming more prevalent. U.S. public and investor-owned electric utilities (IOUs) have begun to participate directly in windpower projects by owning and financing their own facilities rather than purchasing windpower from independent non-utility generators (NUGs) through power purchase agreements (PPAs). In these utility-ownership arrangements, the wind turbine equipment vendor/developer typically designs and constructs a project under a turnkey contract for the eventual project owner (the utility). The utility will also frequently sign an operations and maintenance (O&M) contract with the project developer/equipment vendor. There appear to be a number of reasons for utility involvement in recent and planned U.S. wind projects. One important claim is that utility ownership and self-finance provides substantial cost savings compared to contracting with private NUGs to supply wind-generated power. In this report, we examine that assertion.

  11. On the Sequencing of Projects, Reputation Building and Relationship Finance

    NARCIS (Netherlands)

    Egli, D.; Ongena, S.; Smith, D.C.

    2001-01-01

    We study the decision entrepreneurs face in financing multiple and independent projects.If strategic defaults are assessed likely to occur, for example if judicial efficiency is low, entrepreneurs delay projects to seek sequential financing from a relationship lender.Such commitment-type borrowing

  12. Growth and Project Finance in the Least Developed Countries

    DEFF Research Database (Denmark)

    la Cour, Lisbeth F.; Müller, Jennifer

    2014-01-01

    data from the period 1994-2007. The results of our study suggest, that project finance has a significant positive effect on economic growth and therefore constitute an important source of financing in the selected set of countries. Additionally, the project sheds light on other factors of importance......This article examines the effects of project finance on economic growth in the least developed countries (LDC). Inspired by the neoclassical growth model we set up an econometric model to estimate the effects of project finance for a sample consisting of 38 of the least developed countries using...... for economic growth in LDCs. We find that a higher regulatory quality, lower government consumption and a higher level of education helps increase growth. The significance of these variables are, however, not as consistently robust as the results for project finance....

  13. Growth and Project Finance in the Least Developed Countries

    DEFF Research Database (Denmark)

    la Cour, Lisbeth F.; Müller, Jennifer

    2014-01-01

    This article examines the effects of project finance on economic growth in the least developed countries (LDC). Inspired by the neoclassical growth model we set up an econometric model to estimate the effects of project finance for a sample consisting of 38 of the least developed countries using...... data from the period 1994-2007. The results of our study suggest, that project finance has a significant positive effect on economic growth and therefore constitute an important source of financing in the selected set of countries. Additionally, the project sheds light on other factors of importance...... for economic growth in LDCs. We find that a higher regulatory quality, lower government consumption and a higher level of education helps increase growth. The significance of these variables are, however, not as consistently robust as the results for project finance....

  14. PROJECT FINANCE AS A TOOL FOR THE IMPLEMENTATION OF INVESTMENT PROJECTS

    Directory of Open Access Journals (Sweden)

    U. V. Vsyakih

    2015-02-01

    Full Text Available The article discusses the reasons for the insufficient use of project financing in the Russian Federation, the brief historical background for the project financing in Russia, as well as the main principles, types and stages of project financing. For results was used theoretical methods associated with the study of general and specialized literature, as well as methods of analysis and synthesis.

  15. Project finance in Campos Basin; O 'Project Finance' na auto-suficiencia

    Energy Technology Data Exchange (ETDEWEB)

    D' Almeida, Albino Lopes; Mendonca, Roberto Wagner [PETROBRAS, Rio de Janeiro, RJ (Brazil)

    2008-07-01

    The present conquest of the self-sufficiency is a result of 3 decades of investments that started with the discovery of the well 1-RJS-9A in 1974. The second leap was the discovery of giant fields in the 1980 including Marlim (1984) and Albacora (1985) among others. This first two conquests were basically technical and were recognized by the OTC in 1991 and 2000. The third leap was the utilization of project finance structures. We examine the role of project finance in the main projects developed by the PETROBRAS E and P - Exploration and Production - segment in the Campos Basin region. These projects allowed PB to invest more than US$ 6 billion dollars in a five year interval increasing production in 12 oil fields by 75% in a 7 years interval which later enabled PB to be self-sufficient in oil production. The financial structures of Albacora, Barracuda, EVM and Marlim are shown and discussed in various aspects which including structure, schedule, conditionalities, warranties, management of the SPEs and relationship with international agencies. Considering the present quest of developing Tupi and Jupiter which might represent investments around US$ 80 billion and it's impacts to the PETROBRAS capital structure and risk this might be a useful discussion. (author)

  16. Bankability and Debt Financing for Solar Projects in India

    Energy Technology Data Exchange (ETDEWEB)

    None

    2013-02-15

    This report looks at debt financing for solar projects in India from two perspectives: the lender’s point of view and the borrower’s point of view. The lender’s point of view addresses the bankability of solar projects in India by covering all the risks and their respective mitigation strategies. The goal is to help the developer’s understand the steps they need to take to increase their chances of receiving non-recourse financing. From the borrower’s point of view the report covers how the project finances can be structured in an optimum manner. Details are covered on how bridge financing can be used to solve liquidity issues. Also, various sources of financing have been discussed in detail.

  17. Guide to financing: small-scale geothermal energy projects

    Energy Technology Data Exchange (ETDEWEB)

    1982-04-01

    A brief overview is given of the current financing sources for projects requiring $1 million or less in capital investment and the major considerations commonly encountered in assembling financing. A directory of technical and financial assistance and a glossary of geothermal/financial terms are included.

  18. Financing Renewable Energy Projects in Developing Countries: A Critical Review

    Science.gov (United States)

    Donastorg, A.; Renukappa, S.; Suresh, S.

    2017-08-01

    Access to clean and stable energy, meeting sustainable development goals, the fossil fuel dependency and depletion are some of the reasons that have impacted developing countries to transform the business as usual economy to a more sustainable economy. However, access and availability of finance is a major challenge for many developing countries. Financing renewable energy projects require access to significant resources, by multiple parties, at varying points in the project life cycles. This research aims to investigate sources and new trends in financing RE projects in developing countries. For this purpose, a detail and in-depth literature review have been conducted to explore the sources and trends of current RE financial investment and projects, to understand the gaps and limitations. This paper concludes that there are various internal and external sources of finance available for RE projects in developing countries.

  19. Small-scale hydroelectric power plant: project finance and case study; PCH - project finance e estudo de caso

    Energy Technology Data Exchange (ETDEWEB)

    Alencar Filho, Francisco; Castilho, Wagner Francisco [GACER Consultoria, Brasilia, DF (Brazil)

    2008-10-15

    This work brings a study on the optimum allocation of resources - theory of finance - and also on the optics of operations structured project finance. Regarding project finance is presented concepts, structure, characteristics, steps for the identification and allocation of risks and structure of guarantees. In the sequence sets up with the necessary level of detail key aspects of the case study, for preparation and analysis of the project case study from PCH Flores Formosas Hipotetica S/A - a simulation of case study. (author)

  20. Strategies for financing energy projects in East Central Europe

    Energy Technology Data Exchange (ETDEWEB)

    Fortino, S.E. [Texaco Inc., White Plains, NY (United States)

    1995-12-01

    This paper discusses financing options available for energy (power/steam) projects in East Central Europe. It is intended to be an overview and practical guide to such options in today`s environment. A survey is made of the principal multilateral and other financial institutions providing funding and/or credit support in the region. These include the European Bank for Reconstruction and Development, the World Bank, the International Finance Corporation, the export credit agencies, and the commercial banks. Specific guarantee and other support mechanisms which some of these institutions provide are covered, including the latest developments. In addition to loan financing, potential sources of equity financing are discussed. Next, a description of the credit rating process by such institutions as Standard and Poor`s, and an example of a successful rating effort in the Czech Republic, lead into a discussion of accessing foreign and domestic bond markets to finance energy projects in the region.

  1. Sources of project financing in health care systems.

    Science.gov (United States)

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

    2000-01-01

    Through discussions with chief financial officers of leading health care systems, insights are offered on preferences for project financing and development efforts. Data from these same systems provide at least anecdotal evidence in support of pecking-order theory.

  2. Management and financing of e-Government projects in India: Does financing strategy add value?

    Directory of Open Access Journals (Sweden)

    Shashank Ojha

    2017-06-01

    Full Text Available How do managers structure e-government projects and address challenges of risks, lack of technical expertise, and mitigation of strategic error for preventing loss of investments? Our aim was to compare the traditional finance approach and the strategy-driven, innovative financing approaches under the PPP model, to examine their managerial value-addition. We found that e-government projects require a carefully crafted structuring strategy and that innovative financing is more suitable in facilitating flexible decision making, building core capabilities, managing and sharing project risks, providing funds needed for growth and innovation, and customising tailor-made project governance strategy. Based on our findings, we develop five theoretical propositions.

  3. PV Project Finance in the United States, 2016

    Energy Technology Data Exchange (ETDEWEB)

    Feldman, David; Lowder, Travis; Schwabe, Paul

    2016-09-01

    This brief is a compilation of data points and market insights that reflect the state of the project finance market for solar photovoltaic (PV) assets in the United States as of the third quarter of 2016. This information can generally be used as a simplified benchmark of the costs associated with securing financing for solar PV as well as the cost of the financing itself (i.e., the cost of capital). Three sources of capital are considered -- tax equity, sponsor equity, and debt -- across three segments of the PV marketplace.

  4. Effectiveness evaluation of the R&D projects in organizations financed by the budget expenses

    Science.gov (United States)

    Yakovlev, D.; Yushkov, E.; Pryakhin, A.; Bogatyreova, M.

    2017-01-01

    The issues of R&D project performance and their prospects are closely concerned with knowledge management. In the initial stages of the project development, it is the quality of the project evaluation that is crucial for the result and generation of future knowledge. Currently there does not exist any common methodology for the evaluation of new R&D financed by the budget. Suffice it to say, the assessment of scientific and technical projects (ST projects) varies greatly depending on the type of customer - government or business structures. An extensive methodological groundwork was formed with respect to orders placed by business structures. It included “an internal administrative order” by the company management for the results of STA intended for its own ST divisions. Regretfully this is not the case with state orders in the field of STA although the issue requires state regulation and official methodological support. The article is devoted to methodological assessment of scientific and technical effectiveness of studies performed at the expense of budget funds, and suggests a new concept based on the definition of the cost-effectiveness index. Thus, the study reveals it necessary to extend the previous approach to projects of different levels - micro-, meso-, macro projects. The preliminary results of the research show that there must be a common methodological approach to underpin the financing of projects under government contracts within the framework of budget financing and stock financing. This should be developed as general guidelines as well as recommendations that reflect specific sectors of the public sector, various project levels and forms of financing, as well as different stages of project life cycle.

  5. Project finance and photovoltaic power plants : a theoretical and practical perspective

    OpenAIRE

    Aasgaard, Anne Kristine

    2010-01-01

    Project finance is a defined structure for developing new activity which involves establishing the project as a separate unit. The review of literature exhibits the distinctive characteristics of project finance and provides a rationale of this form of financing. Project finance entails financial modelling, risk management, legal aspects and the creation of a financial structure. The thesis explores practical use of project finance in a case study of a photovoltaic power plant and presents a ...

  6. A Review of Wind Project Financing Structures in the USA

    Energy Technology Data Exchange (ETDEWEB)

    Bolinger, Mark A; Harper, John; Karcher, Matthew

    2008-09-24

    The rapid pace of wind power development in the U.S. over the last decade has outstripped the ability of most project developers to provide adequate equity capital and make efficient use of project-related tax benefits. In response, the sector has created novel project financing structures that feature varying combinations of equity capital from project developers and third-party tax-oriented investors, and in some cases commercial debt. While their origins stem from variations in the financial capacity and business objectives of wind project developers, as well as the risk tolerances and objectives of equity and debt providers, each structure is, at its core, designed to manage project risk and allocate federal tax incentives to those entities that can use them most efficiently. This article surveys the six principal financing structures through which most new utility-scale wind projects (excluding utility-owned projects) in the U.S. have been financed from 1999 to the present. These structures include simple balance-sheet finance, several varieties of all-equity special allocation partnership 'flip' structures, and two leveraged structures. In addition to describing each structure's mechanics, the article also discusses its rationale for use, the types of investors that find it appealing and why, and its relative frequency of use in the market. The article concludes with a generalized summary of how a developer might choose one structure over another.

  7. Directory of financing sources for foreign energy projects

    Energy Technology Data Exchange (ETDEWEB)

    La Ferla, L. [La Ferla Associates, Washington, DC (United States)

    1995-09-01

    The Office of National Security Policy has produced this Directory of Financing Sources for Foreign Energy Projects. The Directory reviews programs that offer financing from US government agencies, multilateral organizations, public, private, and quasi-private investment funds, and local commercial and state development banks. The main US government agencies covered are the US Agency for International Development (USAID), the Export-Import Bank of the US (EXIM Bank), Overseas Private Investment Corporation (OPIC), US Department of Energy, US Department of Defense, and the US Trade and Development Agency (TDA). Other US Government Sources includes market funds that have been in part capitalized using US government agency funds. Multilateral organizations include the World Bank, International Finance Corporation (IFC), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), and various organizations of the United Nations. The Directory lists available public, private, and quasi-private sources of financing in key emerging markets in the Newly Independent States and other developing countries of strategic interest to the US Department of Energy. The sources of financing listed in this directory should be considered indicative rather than inclusive of all potential sources of financing. Initial focus is on the Russian Federation, Ukraine, india, China, and Pakistan. Separate self-contained sections have been developed for each of the countries to enable the user to readily access market-specific information and to support country-specific Departmental initiatives. For each country, the directory is organized to follow the project life cycle--from prefeasibility, feasibility, project finance, cofinancing, and trade finance, through to technical assistance and training. Programs on investment and export insurance are excluded.

  8. Evaluation Of The Risk Of Financing Projects Of Environmental Protection

    Directory of Open Access Journals (Sweden)

    Gabriela Cornelia PICIU

    2012-03-01

    Full Text Available The research project approaches multidimensionally the financing of environmental protection from the perspective of directing, correlating and consolidating the financial flows circumscribed to the regeneration of an economy affected by environmental deterioration due to the very activities defining the economic mechanisms and circuits. The purpose of the project is to identify, by scientific, methodological and empirical analysis of the concepts, principles and arguments imposed by the economic theory, the risks of financing the projects of environmental projects and to evaluate their effects because their neglecting, individual approach or erroneous dimensioning might have unfavourable and unforeseen consequences in terms of the efficiency of the environmental strategies and policies. The objective of the study is the reveal the interdependency and interaction between the flows and circuits financing the environmental projects, showing the necessity for punctual, distributive, correlative and multiplicative financing of the environmental protection. This must be done from an expanded and prospective spatial and temporal vision by a compositional approach of the risk for environmental investments within the complex network of the social, economic and financial risks generated by the global system of the human praxis focused on the binomial of the human-environment interdependence.

  9. The study on stage financing model of IT project investment.

    Science.gov (United States)

    Chen, Si-hua; Xu, Sheng-hua; Lee, Changhoon; Xiong, Neal N; He, Wei

    2014-01-01

    Stage financing is the basic operation of venture capital investment. In investment, usually venture capitalists use different strategies to obtain the maximum returns. Due to its advantages to reduce the information asymmetry and agency cost, stage financing is widely used by venture capitalists. Although considerable attentions are devoted to stage financing, very little is known about the risk aversion strategies of IT projects. This paper mainly addresses the problem of risk aversion of venture capital investment in IT projects. Based on the analysis of characteristics of venture capital investment of IT projects, this paper introduces a real option pricing model to measure the value brought by the stage financing strategy and design a risk aversion model for IT projects. Because real option pricing method regards investment activity as contingent decision, it helps to make judgment on the management flexibility of IT projects and then make a more reasonable evaluation about the IT programs. Lastly by being applied to a real case, it further illustrates the effectiveness and feasibility of the model.

  10. Overcoming barriers to wind project finance in Australia

    Energy Technology Data Exchange (ETDEWEB)

    Kann, Shayle [Centre for Sustainable Energy Systems, Australian National University, Canberra (Australia)

    2009-08-15

    The wind power industry in Australia is expected to grow rapidly over the next decade, primarily due to a forthcoming expanded national renewable energy target (RET) which will mandate that renewable sources provide approximately 20% of Australia's electricity production by 2020. However, development of new wind generation in Australia has stalled as a result of several barriers to project finance, the mechanism through which most wind farms have been developed historically. This paper provides an overview of wind power financing in Australia in light of recent political and financial trends. Drawing upon existing literature and a series of stakeholder interviews, it identifies three primary barriers to project finance: regulatory risk surrounding legislation of the RET, semi-privatization of electricity retailers in New South Wales, and limited capital availability resulting from the recent global credit crisis. The paper concludes that the confluence of these barriers limits the availability of long-term contracts that provide revenue certainty for pre-construction wind projects, while simultaneously making these contracts a necessity in order to obtain project finance. In an attempt to mitigate these effects, this paper identifies four alternative development strategies that can be pursued. (author)

  11. Evaluation Of The Risk Of Financing Projects Of Environmental Protection

    OpenAIRE

    Gabriela Cornelia PICIU; Gheorghe MANOLESCU; Florin Răzvan BĂLĂȘESCU; Georgiana CHIȚIGA; Cătălin DRĂGOI

    2012-01-01

    The research project approaches multidimensionally the financing of environmental protection from the perspective of directing, correlating and consolidating the financial flows circumscribed to the regeneration of an economy affected by environmental deterioration due to the very activities defining the economic mechanisms and circuits. The purpose of the project is to identify, by scientific, methodological and empirical analysis of the concepts, principles and arguments imposed by the econ...

  12. Management and risk in financed projects

    Directory of Open Access Journals (Sweden)

    Roxana Mironescu

    2010-12-01

    Full Text Available With a caring and professional approach the project management activity may prove to be difficult enough. Many specialists in this field indicates that a project plan can be assimilated to a "roadmap", so, for a clear destination, the shortest path is of most pronounced efficacy in order to achieve that purpose, to travel the distance between a current state and desired state and all this is established and configured before we hit the road, all risks included, expected or not. In this paper we present a draft European-style management, which intends to conduct a communion of all the decision makers involved in creating a healthier community.

  13. Geothermal Money Book [Geothermal Outreach and Project Financing

    Energy Technology Data Exchange (ETDEWEB)

    Elizabeth Battocletti

    2004-02-01

    Small business lending is big business and growing. Loans under $1 million totaled $460 billion in June 2001, up $23 billion from 2000. The number of loans under $100,000 continued to grow at a rapid rate, growing by 10.1%. The dollar value of loans under $100,000 increased 4.4%; those of $100,000-$250,000 by 4.1%; and those between $250,000 and $1 million by 6.4%. But getting a loan can be difficult if a business owner does not know how to find small business-friendly lenders, how to best approach them, and the specific criteria they use to evaluate a loan application. This is where the Geothermal Money Book comes in. Once a business and financing plan and financial proposal are written, the Geothermal Money Book takes the next step, helping small geothermal businesses locate and obtain financing. The Geothermal Money Book will: Explain the specific criteria potential financing sources use to evaluate a proposal for debt financing; Describe the Small Business Administration's (SBA) programs to promote lending to small businesses; List specific small-business friendly lenders for small geothermal businesses, including those which participate in SBA programs; Identify federal and state incentives which are relevant to direct use and small-scale (< 1 megawatt) power generation geothermal projects; and Provide an extensive state directory of financing sources and state financial incentives for the 19 states involved in the GeoPowering the West (GPW). GPW is a U.S. Department of Energy-sponsored activity to dramatically increase the use of geothermal energy in the western United States by promoting environmentally compatible heat and power, along with industrial growth and economic development. The Geothermal Money Book will not: Substitute for financial advice; Overcome the high exploration, development, and financing costs associated with smaller geothermal projects; Remedy the lack of financing for the exploration stage of a geothermal project; or Solve

  14. Geothermal Small Business Workbook [Geothermal Outreach and Project Financing

    Energy Technology Data Exchange (ETDEWEB)

    Elizabeth Battocletti

    2003-05-01

    Small businesses are the cornerstone of the American economy. Over 22 million small businesses account for approximately 99% of employers, employ about half of the private sector workforce, and are responsible for about two-thirds of net new jobs. Many small businesses fared better than the Fortune 500 in 2001. Non-farm proprietors income rose 2.4% in 2001 while corporate profits declined 7.2%. Yet not all is rosy for small businesses, particularly new ones. One-third close within two years of opening. From 1989 to 1992, almost half closed within four years; only 39.5% were still open after six years. Why do some new businesses thrive and some fail? What helps a new business succeed? Industry knowledge, business and financial planning, and good management. Small geothermal businesses are no different. Low- and medium-temperature geothermal resources exist throughout the western United States, the majority not yet tapped. A recent survey of ten western states identified more than 9,000 thermal wells and springs, over 900 low- to moderate-temperature geothermal resource areas, and hundreds of direct-use sites. Many opportunities exist for geothermal entrepreneurs to develop many of these sites into thriving small businesses. The ''Geothermal Small Business Workbook'' (''Workbook'') was written to give geothermal entrepreneurs, small businesses, and developers the tools they need to understand geothermal applications--both direct use and small-scale power generation--and to write a business and financing plan. The Workbook will: Provide background, market, and regulatory data for direct use and small-scale (< 1 megawatt) power generation geothermal projects; Refer you to several sources of useful information including owners of existing geothermal businesses, trade associations, and other organizations; Break down the complicated and sometimes tedious process of writing a business plan into five easy steps; Lead you

  15. TARGETED APPROACH TO MANAGING THE FINANCING OF INNOVATIVE PROJECTS

    Directory of Open Access Journals (Sweden)

    G. G. Balayan

    2014-01-01

    Full Text Available The variant of financing the innovative project that allows you to structure any project on the standard stages, regardless of the content of the project. For decision makers, in the management system information is narrowed to a necessary and sufficient by the correct selection of data. The necessity of timely forecast of problem situations and liquidation of not bringing to the state of the problem. It is proposed to organize the state structure, the Bank of innovations, concentrating innovations and connecting inventors with investors and customers.

  16. Preliminaries to an investigation of reduced product set finance

    NARCIS (Netherlands)

    Bergstra, J.A.; Middelburg, C.A.

    2011-01-01

    Principles of financial product synthesis from a few basic financial products constitute an interesting research topic inspired by Islamic finance. We make an effort to answer general questions that should be answered before starting to investigate the main issues concerning this topic with the form

  17. Preliminaries to an investigation of reduced product set finance

    NARCIS (Netherlands)

    Bergstra, J.A.; Middelburg, C.A.

    2010-01-01

    Principles of financial product synthesis from a few basic financial products constitute an interesting research topic inspired by Islamic finance. We make an effort to answer general questions that should be answered before starting to investigate the main issues concerning this topic with the form

  18. NEW ATTRACTION MECHANISM OF INVESTMENT RESOURCES FOR FINANCING INFRASTRUCTURE PROJECTS

    Directory of Open Access Journals (Sweden)

    A. Popkova

    2013-01-01

    Full Text Available The paper analyzes revenue-yielding bonds as an efficient tool of governmental and municipal management. Conditions required for issue of  security papers have considered in the paper. The paper describes main  stages of the infrastructure bonded loan implementation. The global experience in financing construction and upgrading of infrastructure facilities through the bond issue has been investigated in the paper. The contains an analysis of risks while executing infrastructure projects and proposes methods for their minimization.

  19. 淡化海水产业化的投融资模式初探%Preliminary Discussion on Investment and Financing of Industrialization of Seawater Desalination Projects:Using Beijing as an Example

    Institute of Scientific and Technical Information of China (English)

    刘家沂

    2008-01-01

    海水淡化是解决我国沿海地区淡水资源短缺的重要途径.中国高度重视海水淡化工作,海水淡化作为重要内容已被列入国家规划中.目前,我国海水淡化技术已经取得重大突破,并日趋完善,且随着装置规模的扩大和技术进步,及水价机制的改革,利用淡化海水已具备大力发展的经济条件.本文从投融资模式的角度分析海水淡化进入市场的可行性.%Seawater desalination is an important means to solve the shortage of freshwater resources along the coastal areas of China,and it has already been included in the national planning.Currently,the seawater desalination technology in China has made a major breakthrough.With the expansion of the scale of these desalination projects,and the reform in the water pricing mechanism,utilization of desalinated seawater has already met the necessary economic conditions for large scale development and industrialization.This article analyzes the feasibility of seawater desalination market from the point of capitals investment and financing.

  20. Simulation-based valuation of project finance investments. Crucial aspects of power plant projects

    Energy Technology Data Exchange (ETDEWEB)

    Pietz, Matthaeus

    2010-12-15

    The liberalization of electricity markets transformed a regulated and stable market to a market with former unknown price volatility. This results in a high uncertainty which is mainly due to the, from an economic point of view, lack of storability of the commodity electricity. Thus investments in power plants are highly risky. This dissertation analyzes crucial aspects within the valuation of a power plant financed via project finance, a popular financing method for projects with high capital requirements. Starting with the development of a valuation model based on stochastic modelling of the future cash flows the focus of the analysis is on the impact of model complexity and electricity prices. (orig.)

  1. Renewable Energy Project Financing: Improved Guidance and Information Sharing Needed for DOD Project-Level Officials

    Science.gov (United States)

    2012-04-01

    include a biogenic methane gas project at Fort Knox, financed through a Utility Energy Service Contract, and a 500-megawatt solar project currently in...and approval process, leading organizations develop decision packages , such as business case analyses, to justify capital project requests.26 We

  2. Community Wind: Once Again Pushing the Envelope of Project Finance

    Energy Technology Data Exchange (ETDEWEB)

    bolinger, Mark A.

    2011-01-18

    In the United States, the 'community wind' sector - loosely defined here as consisting of relatively small utility-scale wind power projects that sell power on the wholesale market and that are developed and owned primarily by local investors - has historically served as a 'test bed' or 'proving grounds' for up-and-coming wind turbine manufacturers that are trying to break into the U.S. wind power market. For example, community wind projects - and primarily those located in the state of Minnesota - have deployed the first U.S. installations of wind turbines from Suzlon (in 2003), DeWind (2008), Americas Wind Energy (2008) and later Emergya Wind Technologies (2010), Goldwind (2009), AAER/Pioneer (2009), Nordic Windpower (2010), Unison (2010), and Alstom (2011). Thus far, one of these turbine manufacturers - Suzlon - has subsequently achieved some success in the broader U.S. wind market as well. Just as it has provided a proving grounds for new turbines, so too has the community wind sector served as a laboratory for experimentation with innovative new financing structures. For example, a variation of one of the most common financing arrangements in the U.S. wind market today - the special allocation partnership flip structure (see Figure 1 in Section 2.1) - was first developed by community wind projects in Minnesota more than a decade ago (and is therefore sometimes referred to as the 'Minnesota flip' model) before being adopted by the broader wind market. More recently, a handful of community wind projects built over the past year have been financed via new and creative structures that push the envelope of wind project finance in the U.S. - in many cases, moving beyond the now-standard partnership flip structures involving strategic tax equity investors. These include: (1) a 4.5 MW project in Maine that combines low-cost government debt with local tax equity, (2) a 25.3 MW project in Minnesota using a sale/leaseback structure

  3. 24 CFR 811.110 - Refunding of obligations issued to finance Section 8 projects.

    Science.gov (United States)

    2010-04-01

    ... finance Section 8 projects. 811.110 Section 811.110 Housing and Urban Development Regulations Relating to... RELATED AMENDMENTS § 811.110 Refunding of obligations issued to finance Section 8 projects. (a) This... projects, including fully and partially assisted projects. (b) In the case of bonds issued by State...

  4. Finance

    OpenAIRE

    2013-01-01

    Voici la 17e édition du Rapport moral sur l’argent dans le monde, publié chaque année depuis 1994 par l’Association d’économie financière avec le soutien de la Caisse des Dépôts. Abordant une nouvelle fois les grands débats qui traversent actuellement le monde de la finance, il se consacre dans un premier temps à la lutte contre la criminalité et les délits financiers, et plus particulièrement à la lutte contre la corruption, la délinquance dans la finance et la fraude fiscale. Dans un second...

  5. Finance

    OpenAIRE

    2011-01-01

    Ces deux ouvrages tirent les enseignements de l’impact de la crise de la finance mondiale sur l’économie réelle et se focalisent, dans ce contexte, sur le financement du Mittelstand. Le banquier JASCHINSKI, lorsqu’il passe en revue le système bancaire allemand, constate ainsi que si les moyennes entreprises trouvent les crédits nécessaires auprès de leurs solides partenaires de toujours que sont les Sparkassen, les grandes sociétés, internationales, que compte le Mittelstand n’ont pas de part...

  6. Compendium on Financing of Higher Education: Final Report of the Financing the Students' Future Project

    Science.gov (United States)

    Payne, Bethan; Charonis, George-Konstantinos; Haaristo, Hanna-Stella; Maurer, Moritz; Kaiser, Florian; Siegrist, Rahel; McVitty, Debbie; Gruber, Angelika; Heerens, Nik; Xhomaqi, Brikena; Nötzl, Tina; Semjonov, Meeli; Primožic, Rok

    2013-01-01

    Higher education plays a vital role in society and the quality, accessibility, and form of higher education is highly dependent on financing. Financing of higher education is conceived to be of central importance for the future creation and dissemination of knowledge and research. Therefore, the financing of higher education is a topic that has…

  7. Renewable Energy Project Financing: Impacts of the Financial Crisis and Federal Legislation

    Energy Technology Data Exchange (ETDEWEB)

    Schwabe, P.; Cory, K.; Newcomb, J.

    2009-07-01

    Extraordinary financial market conditions have disrupted the flows of equity and debt investment into U.S. renewable energy (RE) projects since the fourth quarter of 2008. The pace and structure of renewable energy project finance has been reshaped by a combination of forces, including the financial crisis, global economic recession, and major changes in federal legislation affecting renewable energy finance. This report explores the impacts of these key market events on renewable energy project financing and development.

  8. Defense Infrastructure: DOD Needs Clearer Guidance on Notifying Congress of Privately Financed Construction Projects

    Science.gov (United States)

    2017-01-01

    DEFENSE INFRASTRUCTURE DOD Needs Clearer Guidance on Notifying Congress of Privately Financed Construction Projects...Guidance on Notifying Congress of Privately Financed Construction Projects What GAO Found The Department of Defense (DOD) has issued Instruction...have generally followed the reporting guidance for major commissary surcharge and nonappropriated fund construction projects (those with a

  9. Finance

    OpenAIRE

    Spremann, Klaus

    2007-01-01

    Bisher veröffentlicht unter dem Titel: "Modern Finance" Das Buch beinhaltet ebenso einige Portraits: Die didaktische Erfahrung lehrt, dass man sich wissenschaftliche Ergebnisse und Ansätze besser merken kann, wenn eine Assoziation zu jener Person bildlich konkret wird, der wir den betreffenden Denkansatz verdanken. Aus Fragen der Finanzierung und der Investitionsentscheidungen von Unternehmen ist in der Verschmelzung mit der Analyse von Kapitalmärkten ein grosses Gebiet entstanden, da...

  10. Preliminary project proposal : Missouri chutes, NE & IA

    Data.gov (United States)

    US Fish and Wildlife Service, Department of the Interior — This proposal is for the Missouri Chutes National Wildlife Refuge that would be in Nebraska and Iowa on the Missouri River. This preliminary project proposal focuses...

  11. Teaching empirical finance courses: A project on portfolio management

    Directory of Open Access Journals (Sweden)

    Bruce Morley

    2016-12-01

    Full Text Available The aim of this article was to assess the use of a group-based project for an empirical finance type of course. It examines the outline of the project, the methodology the students are encouraged to follow and how the course is assessed. This approach enables the students to apply many of the techniques learnt on this course and other courses such as econometrics, to determine an optimal portfolio of assets given their view on the risks in the economy. The emphasis is on risk management through portfolio diversification and the use of a simple hedge strategy. The overall aim was to introduce the students to the basics of portfolio management, as many work in this industry for their industrial placements and when they graduate. The main contribution to the literature is through the analysis of an empirically based portfolio management project. The feedback from the students suggests they felt that they had learnt useful concepts and information, in an enjoyable exercise.

  12. Performance Assessment Framework for Private Finance Initiative Projects in Malaysia

    Directory of Open Access Journals (Sweden)

    Lop Nor Suzila

    2016-01-01

    Full Text Available Private Finance Initiative (PFI is viewed as restructuring the previous privatisation concept in delivering value for money for the Malaysian public infrastructure. Among the restructuring efforts in the privatisation is specifying the standard assessment of private concessionaires’ performance through the execution of key performance indicators (KPIs where the private concessionaires’ performance is benchmarked against the government’s standard. KPIs have served as useful tools in assessing performance of PFI projects. However, there is still lacking on determination methods performed to define and measure this KPIs and the absence of guidelines or a framework is also an issue in the implementation of the PFI procurement in Malaysia. Therefore, the objectives of this paper is to investigate the notion of performance assessment model approaches globally (i.e. UK, China, Australia, Serbia and Malaysia and to identify direction for PFI performance assessment tools (KPIs to be practiced in Malaysia. Based on the consideration of these models, this research paper propose an initial framework of performance assessment for PFI projects in Malaysia. The framework is deliberate to cover the performance of PFI at the operation and maintenance phase. The outcomes of this paper can serve as a theoretical base for the development of comprehensive and effective performance assessment for PFI projects in Malaysia.

  13. Financing Projects That Use Clean-Energy Technologies. An Overview of Barriers and Opportunities

    Energy Technology Data Exchange (ETDEWEB)

    Goldman, D. P. [New Energy Capital, LLC, Hanover, NH (United States); McKenna, J. J. [Hamilton Clark & Co., Washington, DC (United States); Murphy, L. M. [National Renewable Energy Lab. (NREL), Golden, CO (United States)

    2005-10-01

    This technical paper describes the importance of project financing for clean-energy technology deployment. It describes the key challenges in financing clean-energy technology projects, including technical risks, credit worthiness risk, revenue security risk, market competition, scale and related cost, as well as first-steps to overcome those barriers.

  14. PREMISES FOR A MODEL OF DECISION – MAKING ON THE FINANCING OF A PROJECT

    Directory of Open Access Journals (Sweden)

    Popovici Ioana

    2010-07-01

    Full Text Available The classical theory of finance is based on the premises of rationality and maximizing profits that accompany economic decision-making. Complementarily, the modern theory of behavioral finance studies the effect of emotional and psychological factors of decision- maker on the choice of financing sources for economic activities. In opposition with the classical perspective, the contemporary theory of finance brings up to the stage various aspects of decision making, including elements of strategic behavior towards risk. All these contradictory elements are used as premises for modeling the decision making process of financing a project.

  15. Finance

    OpenAIRE

    2013-01-01

    Régulièrement au cœur de l'actualité, les trois agences de notation (Standard & Poor's, Moody's et Fitch) règnent sur le monde de la finance internationale. Mais quelles sont-elles et à qui appartiennent-elles véritablement ? Détenues par de puissants fonds d'investissements, elles ont progressivement renforcé leurs rôles et pouvoirs. L'auteur interpelle le citoyen sur un système dans lequel les fonds d'investissements profitent des agences de notation (et de leur rôle de « gardien des marché...

  16. Finance

    OpenAIRE

    2008-01-01

    Les investisseurs financiers et a fortiori les hedge fonds sont accusés de tous les maux. Ces « sauterelles » tomberaient sur les entreprises allemandes pour s’enrichir en les dépeçant. Un journaliste économique du quotidien des affaires Frankfurter Allgemeine Zeitung publie là un portrait objectif et factuel de ces « nouvelles stars » de la finance mondiale. Un portrait de branche, doublé d’une analyse de l’impact sur le « capitalisme rhénan » de la montée en puissance de ces nouveaux acteur...

  17. Infrastructure and project financing in Italy: the (possible) role of the regulation

    OpenAIRE

    Cristina Giorgiantonio; Valentina Giovanniello

    2009-01-01

    There has been a significant increase in project financing in the public sector in Europe in the past decade, benefiting the implementation of infrastructure projects. In Italy, project financing is still much more limited than in such countries as Spain and the UK: the projects funded are smaller and the sectors involved are less appropriate. Based on the economic literature, European initiatives and international comparisons, the paper examines the aspects of the regulations that could enco...

  18. National health financing policy in Eritrea: a survey of preliminary considerations

    Directory of Open Access Journals (Sweden)

    Kirigia Joses

    2012-08-01

    human resources for health; over 68.8% indicated cost-sharing, taxation and social health insurance as preferred revenue collection mechanisms; and 68.75% indicated their preferred provider payment mechanism to be a global (lump sum budget. Conclusion This study succeeded in gathering the preliminary views of senior staff of selected Eritrean ministries and agencies regarding the likely elements of the NHFP, i.e. the vision, objectives, components, provider payment mechanisms, and health financing agency and its governance. In addition to stakeholder surveys, it would be helpful to inform the development of the NHFP with other pieces of evidence, including cost-effectiveness analysis of health services and interventions, financial feasibility analysis of financing options, a survey of the political and professional acceptability of financing options, national health accounts, and equity analyses.

  19. Havsnaes wind farm - The project financing of a Swedish wind farm

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2012-07-01

    In March 2008 the ground breaking project financing of the 95 MW Havsnaes wind farm was completed. Havsnaes represents one of the cornerstones in portfolio of Venus Vind, controlled by HgCapital, where sustainable Scandinavian strength is build through industrial scale wind farms with local presence. At the time, Havsnaes represented the largest energy project financing in the market, it is also the first true project financing of a major Swedish wind farm. The aim of this study is to highlight the process of project financing and additional lessons learnt from the Havsnaes transaction. Investment in renewable energy projects often includes international investors. We welcome the growing Swedish wind market, banks and other financial institutions, politicians and other relevant decision makers to take part of our findings. Sponsorship provided by the Swedish Energy Agency has enabled the completion of this study.

  20. Application of finance project for leverage of small size hydroelectric enterprising; Aplicacao do project finance para alavancagem de empreendimentos hidreletricos de pequeno porte

    Energy Technology Data Exchange (ETDEWEB)

    Santos, Silvana dos

    2003-07-01

    In the same way that the majority of the countries, project financing of substructure in Brazil, in project finance modality, depend on a skillful structure of guaranties and contracts to become possible. In the case of projects of centrals of generation of electrical energy, that financial engineering becomes still more complicated. In Brazil, due to particularities of the sectors of electricity, the arrangements of guaranties requested but creditors pass to present levels of complexity and exigency well elevated. The contractual appliances that give support to the project finance, originally projected to developed countries, request an extreme adaptation to these particularities. The development of Brazil is directly related to its capacity in expanding the offer of electric energy in the just measure of the national necessity. In this context, the small central hydroelectric (PCH's) represent, actually, an efficient and fast form to complete the offer of energy in such a way to supply the crescent demand the national market. For its characteristics, that type of undertaking can be developed by small manager, from among which are the owners of the areas in which on can find these hydraulic potentials which, however they do not dispose of capital to integral raising. These undertakings are tasks, normally, of low global cost, at the rate of US$ 1.000,00/k W, and of a smaller ambient impact, compared to the return that they give to the enterprise and to the Brazilian electric system as a whole, by having to receive special attention in the planned politics to the sector and to merit a series of incentives to become business still more attractive. By thinking in the found difficulty by small enterprises in rising undertakings of generation of electric energy of small port through the convectional mechanisms of financing is being proposed in that work a well-founded methodology in the concepts of the modality of financing project finance. (author)

  1. The Equator Principles, Project Finance and the Challenge of Social and Environmental Responsibility

    National Research Council Canada - National Science Library

    Andrew, Jane

    2007-01-01

    The Equator Principles, launched in 2003 and revamped in 2006, are a set of voluntary principles designed to help private lenders make socially and environmentally responsible project financing decisions...

  2. Financing Non-Residential Photovoltaic Projects: Options and Implications

    Energy Technology Data Exchange (ETDEWEB)

    Bolinger, Mark

    2009-01-09

    Installations of grid-connected photovoltaic (PV) systems in the United States have increased dramatically in recent years, growing from less than 20 MW in 2000 to nearly 500 MW at the end of 2007, a compound average annual growth rate of 59%. Of particular note is the increasing contribution of 'non-residential' grid-connected PV systems--defined here as those systems installed on the customer (rather than utility) side of the meter at commercial, institutional, non-profit, or governmental properties--to the overall growth trend. Although there is some uncertainty in the numbers, non-residential PV capacity grew from less than half of aggregate annual capacity installations in 2000-2002 to nearly two-thirds in 2007. This relative growth trend is expected to have continued through 2008. The non-residential sector's commanding lead in terms of installed capacity in recent years primarily reflects two important differences between the non-residential and residential markets: (1) the greater federal 'Tax Benefits'--including the 30% investment tax credit (ITC) and accelerated tax depreciation--provided to commercial (relative to residential) PV systems, at least historically (this relative tax advantage has largely disappeared starting in 2009) and (2) larger non-residential project size. These two attributes have attracted to the market a number of institutional investors (referred to in this report as 'Tax Investors') seeking to invest in PV projects primarily to capture their Tax Benefits. The presence of these Tax Investors, in turn, has fostered a variety of innovative approaches to financing non-residential PV systems. This financial innovation--which is the topic of this report--has helped to overcome some of the largest barriers to the adoption of non-residential PV, and is therefore partly responsible (along with the policy changes that have driven this innovation) for the rapid growth in the market seen in recent years

  3. Models of Financing and Available Financial Resources for Transport Infrastructure Projects

    Directory of Open Access Journals (Sweden)

    O. Pokorná

    2001-01-01

    Full Text Available A typical feature of transport infrastructure projects is that they are expensive and take a long time to construct. Transport infrastructure financing has traditionally lain in the public domain. A tightening of many countries' budgets in recent times has led to an exploration of alternative resources for financing transport infrastructures. A variety of models and methods can be used in transport infrastructure project financing. The selection of the appropriate model should be done taking into account not only financial resources but also the distribution of construction and operating risks and the contractual relations between the stakeholders.

  4. Mobilizing Public Markets to Finance Renewable Energy Projects: Insights from Expert Stakeholders

    Energy Technology Data Exchange (ETDEWEB)

    Schwabe, P.; Mendelsohn, M.; Mormann, F.; Arent, D. J.

    2012-06-01

    Financing renewable energy projects in the United States can be a complex process. Most equity investment in new renewable power production facilities is supported by tax credits and accelerated depreciation benefits, and is constrained by the pool of potential investors that can fully use these tax benefits and are willing to engage in complex financial structures. For debt financing, non-government lending has largely been provided by foreign banks that may be under future lending constraints due to economic and regulatory conditions. To discuss renewable energy financing challenges and to identify new sources of capital to the U.S. market, two roundtable discussions were held with renewable energy and financing experts in April 2012. This report summarizes the key messages of those discussions and is designed to provide insights to the U.S. market and inform the international conversation on renewable energy financing innovations.

  5. Windpower project ownership and financing: The cost impacts of alternative development structures

    Energy Technology Data Exchange (ETDEWEB)

    Wiser, R.H. [Lawrence Berkeley National Lab., CA (United States)

    1997-12-31

    This paper uses traditional financial cash-flow techniques to examine the impact of different ownership and financing structures on the cost of wind energy. While most large-scale wind projects are constructed, operated, and financed by non-utility generators (NUGs) via project financing, investor- and publicly-owned utilities have expressed interest in owning and financing their own facilities rather than purchasing wind energy from independent generators. A primary justification for utility ownership is that, because of financing and tax benefits, windpower may be cheaper when developed in this fashion. The results presented in this paper support that justification, though some of the estimated cost savings associated with utility ownership are found to be a result of shortcomings in utility analysis procedures and implicit risk shifting. This paper also discusses the comparative value of the federal production tax credit and renewable energy production incentive; estimates the financing premium paid by NUG wind owners compared to traditional gas-fired generation facilities; and explores the impact of electricity restructuring on financing.

  6. Financing U.S. Renewable Energy Projects Through Public Capital Vehicles: Qualitative and Quantitative Benefits

    Energy Technology Data Exchange (ETDEWEB)

    Mendelsohn, M.; Feldman, D.

    2013-04-01

    This paper explores the possibility of financing renewable energy projects through raising capital in the public markets. It gives an overview of the size, structure, and benefits of public capital markets, as well as showing how renewable energy projects might take advantage of this source of new funds to lower the cost of electricity.

  7. Public School Finance Assessment Project Aligned with ELCC Standards

    Science.gov (United States)

    Risen, D. Michael

    2008-01-01

    This is a detailed description of an assessment that can be used in a graduate level of study in the area of public school finance. This has been approved by NCATE as meeting all of the stipulated ELCC standards for which it is designed (1.1, 1.2, 1.3, 1.4, 1.5, 2.1, 2.2, 2.3, 2.4, 3.1, 3.2, 3.3, 4.1, 4.2, 4.3, 5.1, 5.2, 5.3.). This course of…

  8. Privatization Financing Alternatives: Blending Private Capital and Public Resources for a Successful Project

    Energy Technology Data Exchange (ETDEWEB)

    BT Oakley; JH Holbrook; L Scully; MR Weimar; PK Kearns; R DiPrinzio

    1998-10-19

    The U.S. Department of Energy (DOE) launched the Contract Reform Initiative in 1994 in order to improve the effectiveness and effkiency of managing major projects and programs. The intent of this initiative is to help DOE harness both technical and market forces to reduce the overall cost of accomplishing DOE's program goals. The new approach transfers greater risk to private contractors in order to develop incentives that align contractor performance with DOE's objectives. In some cases, this goal can be achieved through public-private partnerships wherein the govermhent and the contractor share risks associated with a project in a way that optimizes its economics. Generally, this requires that project risks are allocated to the party best equipped to manage and/or underwrite them. While the merits of privatization are well documented, the question of how privatized services should be financed is often debated. Given the cost of private sector equity and debt, it is difficult to ignore the lure of the government's "risk free" cost of capital. However, the source of financing for a project is an integral part of its overall risk allocation, and therefore, participation by the government as a financing source could alter the allocation of risks in the project, diminishing the incentive structure. Since the government's participation in the project's financing often can be a requirement for financial feasibility, the dilemma of structuring a role for the government without undermining the success of the project is a common and difficult challenge faced by policymakers around the world. However, before reverting to a traditional procurement approach where the government enters into a cost-plus risk profile, the government should exhaust all options that keep the private entity at risk for important aspects of the project. Government participation in a project can include a broad range of options and can be applied with precision to bridge a

  9. Private Finance Initiative (PFI for Road Projects in UK: Current Practice with a Case Study

    Directory of Open Access Journals (Sweden)

    Rifat Akbiyikli

    2011-05-01

    Full Text Available The long-term sustainable provision of new and high quality maintained road stock is vitally important, especially in times of economic constraint such as Europe is currently experiencing. The Private Finance Initiative (PFI is one method of financing such large-scale, capital intensive projects. An important aspect of this form of financing projects is that the risks are borne not only by the sponsors but are shared by different types of investors such as equity holders, debt providers, and quasi-equity investors. Consequently, a comprehensive and heuristic risk management process is essential for the success of the project. The proposition made within this paper is that the PFI mechanism provides a Value-for-Money and effective mechanism to achieve this. The structure of this PFI finance and investment on a particular road project therefore enables all project stakeholders to take a long-term perspective. This long-term perspective is reflected in the mechanism of a case study of UK – Class A trunk roads which are examined in detail. This paper presents a novel solution to a modern dilemma.

  10. A Multi-objective model for selection of projects to finance new enterprise SMEs in Colombia

    Directory of Open Access Journals (Sweden)

    J.R. Coronado-Hernández

    2011-10-01

    Full Text Available Purpose: This paper presents a multi-objective programming model for selection of Projects for Financing New Enterprise SMEs in Colombia with objectivity and transparency in every call. Approach: The model has four social objectives, subject to constraint budget and to the requirements of every summons. The resolution procedure for the model is based on principles of goal programming. Findings: Selection projects subject to the impact within the country. Research limitations: The selection of the projects is restricted by a legal framework, the terms of reference and the budget of the summons. Practical implications: The projects must be viable according to the characteristics of every summons. Originality/value: The suggested model offers an alternative for entities that need to evaluate projects of co-financing for the managerial development of the SMEs with more objectivity and transparency in the assignment of resources.

  11. Solar power plants. Project financing in Germany. Development of a suitable financing structure and selection of financing instruments; Solarkraftwerke. Projektfinanzierung in Deutschland. Entwicklung einer geeigneten Finanzierungsstruktur und Auswahl der Finanzierungsinstrumente

    Energy Technology Data Exchange (ETDEWEB)

    Boyanov, Yanislav Naskov

    2011-07-01

    Solar energy proves to be the energy source with the best future potential. However, solar power plants have a high financial volume which is not raised by companies. Project financings prove to be a suitable solution possible. Under this aspect, the author of the book reports on various financial instruments in project financing for solar power plants. In addition, the author examines the possibilities of innovative financing instruments such as asset-backed securities, sale-and-lease back and derivatives. Subsequently, the advantages and disadvantages of the various financial instruments are presented with respect to the solar power plants.

  12. Crowdfunding as an innovative tool for financing projects of social and economic development

    Directory of Open Access Journals (Sweden)

    Yu.M. Petrushenko

    2014-03-01

    Full Text Available The aim of the article. The object of the article is economic potential of crowdfunding which is one of such modern financial instruments. The research aims to study the efficiency of using crowdfunding as an innovative financial instrument by determining its advantages over traditional methods of finance for projects of social and economic development. The results of the analysis. The rapid development of the Internet environment has given impetus to the emergence of new forms of entrepreneurship as well as various forms of electronic fundraising. New forms of finance are based not on government guarantees or initial capital but on the base of public participation. In the study authors have designed the classification of contemporary types of crowdfunding on the criteria of rewards for participants. They are also highlighted the features of Internet crowdfunding, which make it an effective innovative method to finance projects. These are flexibility which is shown in different cases, ability to produce local public goods, transaction costs reduction, integration of the common interests of community members. Internet platforms gave to crowdfunding new meaning which is different from the traditional forms of collective financing that existed before. With innovative characteristics crowdfunding is transforming into an effective instrument for financing projects of social and economic development in various areas of society. Nowadays plenty of innovative projects related to the development of information technology are also funded via crowdfunding. The analysis allows put forward a hypothesis that the most effective methods of financing modern innovations related to the same environment where they are operating – information space represented by the Internet and social networks. Conclusions and directions of further researches. Due to crowdfunding not only individual entrepreneurs but also the whole territorial communities have the opportunity to

  13. Wind power projects in the CDM: Methodologies and tools for baselines, carbon financing and substainability analysis

    DEFF Research Database (Denmark)

    Ringius, L.; Grohnheit, Poul Erik; Nielsen, Lars Henrik

    2002-01-01

    The report is intended to be a guidance document for project developers, investors, lenders, and CDM host countries involved in wind power projects in the CDM. The report explores in particular those issues that are important in CDM project assessment anddevelopment - that is, baseline development......, carbon financing, and environmental sustainability. It does not deal in detail with those issues that are routinely covered in a standard wind power project assessment. The report tests, compares, andrecommends methodologies for and approaches to baseline development. To present the application...

  14. Ready to Retrofit: The Process of Project Team Selection, Building Benchmarking, and Financing Commercial Building Energy Retrofit Projects

    Energy Technology Data Exchange (ETDEWEB)

    Sanders, Mark D. [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Parrish, Kristen [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Mathew, Paul [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)

    2012-05-01

    This guide presents a process for three key activities for the building owner in preparing to retrofit existing commercial buildings: selecting project teams, benchmarking the existing building, and financing the retrofit work. Although there are other essential steps in the retrofit process, the three activities presented in this guide are the critical elements where the building owner has the greatest influence on the outcome of the project.

  15. Stakeholder views on financing carbon capture and storage demonstration projects in China.

    Science.gov (United States)

    Reiner, David; Liang, Xi

    2012-01-17

    Chinese stakeholders (131) from 68 key institutions in 27 provinces were consulted in spring 2009 in an online survey of their perceptions of the barriers and opportunities in financing large-scale carbon dioxide capture and storage (CCS) demonstration projects in China. The online survey was supplemented by 31 follow-up face-to-face interviews. The National Development and Reform Commission (NDRC) was widely perceived as the most important institution in authorizing the first commercial-scale CCS demonstration project and authorization was viewed as more similar to that for a power project than a chemicals project. There were disagreements, however, on the appropriate size for a demonstration plant, the type of capture, and the type of storage. Most stakeholders believed that the international image of the Chinese Government could benefit from demonstrating commercial CCS and that such a project could also create advantages for Chinese companies investing in CCS technologies. In more detailed interviews with 16 financial officials, we found striking disagreements over the perceived risks of demonstrating CCS. The rate of return seen as appropriate for financing demonstration projects was split between stakeholders from development banks (who supported a rate of 5-8%) and those from commercial banks (12-20%). The divergence on rate alone could result in as much as a 40% difference in the cost of CO(2) abatement and 56% higher levelized cost of electricity based on a hypothetical case study of a typical 600-MW new build ultrasupercritical pulverized coal-fired (USCPC) power plant. To finance the extra operational costs, there were sharp divisions over which institutions should bear the brunt of financing although, overall, more than half of the support was expected to come from foreign and Chinese governments.

  16. Research into specific risk assessment in project financing

    Directory of Open Access Journals (Sweden)

    Ivana Bestvina Bukvić

    2013-12-01

    Full Text Available An assessment of investment justification in terms of risk enables the decision maker (investor to select, among available alternatives, the one with the most favourable correlation between the expected profit and assumed risk. At the micro level, the uncertainty of business success is extremely high in production activities, which is an additional incentive for taking a comprehensive approach to the issue of investment decision-making and the development of risk assessment techniques applicable in this particular segment of industry. Given the complexity of the manufacturing process, the length of the production cycle, market conditions, and entity-specific risks (which are difficult to measure, projects in manufacturing industry require a detailed and comprehensive assessment of specific risk factors and their cost-effectiveness. Ne - vertheless, since specific risks can be diversified, investment proposal assessments in practice usually do not cover their quantification and analysis. However, the majority of business entities do not have enough active projects in various industries to be able to fully diversify their business and thus minimize the level of specific risks. The impact of specific factors becomes one of the most important elements for business success. This paper analyses how far risk assessment methods regarding specific risks are used in practice. Furthermore, it analyses the significance of specific risks for total investment risk. This study gives new insi - ghts into the significance of specific risks to the overall investment assessment and the need for permanent development of traditionally used investment assessment models.

  17. THE FINANCIAL TOOLS FOR COVER POLITICAL RISKS IN PROJECT FINANCE

    Directory of Open Access Journals (Sweden)

    S. Naumenkova

    2016-10-01

    Full Text Available This article examines the risk-mitigation in public-private partnership. Today Ukraine is ranked as "CRT-5 country" and has high levels of economic and political risk. Political risk grows steadily because of financial and political instability in Ukraine. We conclude that investors continue to rank political risk as a key obstacle to long-term investing. The tools for cover many types of political risks such as war, terrorism, civil disturbance, breach of contract, export or operating license cancellation, currency inconvertibility and transfer restriction, change of laws and regulations etc. are described by authors. We focus on the advantages of World Bank Group Guarantee products. The guarantee instruments of the three WBG institutions for cover political risks under different circumstances are the most suitable for public-private partnership in Ukraine. In this article the political risk-mitigation with IBRD Partial Risk Guarantee put forward by authors for PPP projects in Ukraine.

  18. Using the private finance initiative for energy efficiency projects at the urban scale

    OpenAIRE

    Michelucci, Fania Valeria; Mangano, Giulio; Marco, Alberto; Zenezini, Giovanni

    2016-01-01

    Purpose - The purpose of this paper is to suggest the usage of the project finance (PF) scheme as a suitable mechanism to fund energy efficiency projects at the urban scale and present its advantages and adoption barriers. Design/methodology/approach - A case study is developed to renew the traffic lighting system of an Italian town via replacement of the old lamps with new light-emitting diode (LED) technology. Several partners are involved in the case project to construct a viable PF arrang...

  19. Money for nothing: How firms have financed R&D-projects since the Industrial Revolution.

    Science.gov (United States)

    Bakker, Gerben

    2013-12-01

    We investigate the long-run historical pattern of R&D-outlays by reviewing aggregate growth rates and historical cases of particular R&D projects, following the historical-institutional approach of Chandler (1962), North (1981) and Williamson (1985). We find that even the earliest R&D-projects used non-insignificant cash outlays and that until the 1970s aggregate R&D outlays grew far faster than GDP, despite five well-known challenges that implied that R&D could only be financed with cash, for which no perfect market existed: the presence of sunk costs, real uncertainty, long time lags, adverse selection, and moral hazard. We then review a wide variety of organisational forms and institutional instruments that firms historically have used to overcome these financing obstacles, and without which the enormous growth of R&D outlays since the nineteenth century would not have been possible.

  20. Money for nothing: How firms have financed R&D-projects since the Industrial Revolution

    Science.gov (United States)

    Bakker, Gerben

    2013-01-01

    We investigate the long-run historical pattern of R&D-outlays by reviewing aggregate growth rates and historical cases of particular R&D projects, following the historical-institutional approach of Chandler (1962), North (1981) and Williamson (1985). We find that even the earliest R&D-projects used non-insignificant cash outlays and that until the 1970s aggregate R&D outlays grew far faster than GDP, despite five well-known challenges that implied that R&D could only be financed with cash, for which no perfect market existed: the presence of sunk costs, real uncertainty, long time lags, adverse selection, and moral hazard. We then review a wide variety of organisational forms and institutional instruments that firms historically have used to overcome these financing obstacles, and without which the enormous growth of R&D outlays since the nineteenth century would not have been possible. PMID:24910477

  1. Crowdfunding as an innovative tool for financing projects of social and economic development

    OpenAIRE

    Yu.M. Petrushenko; O.V. Dudkin

    2014-01-01

    The aim of the article. The object of the article is economic potential of crowdfunding which is one of such modern financial instruments. The research aims to study the efficiency of using crowdfunding as an innovative financial instrument by determining its advantages over traditional methods of finance for projects of social and economic development. The results of the analysis. The rapid development of the Internet environment has given impetus to the emergence of new forms of entrepre...

  2. Market and behavioral barriers to energy efficiency: A preliminary evaluation of the case for tariff financing in California

    Energy Technology Data Exchange (ETDEWEB)

    Fujita, K. Sydny

    2011-06-23

    the number of outdated appliances, in California rental housing. Appliances in rental housing are on average older than those in owner occupied housing. More importantly, a substantial proportion of very old appliances are in rental housing. Having established that a very old stock of appliances exists in California rental housing, I discuss tariff financing as a policy option to reduce the impact of the remaining market and behavioral barriers. In a tariff financing program, the utility pays the initial cost of an appliance, and is repaid through subsequent utility bills. By eliminating upfront costs, tying repayment to the gas or electric meter, requiring a detailed energy audit, and relying upon utility bill payment history rather than credit score in determining participant eligibility, tariff financing largely overcomes many barriers to energy efficiency. Using California as a case study, I evaluate the feasibility of implementing tariff financing. For water heaters in particular, this appears to be a cost-effective strategy. Tariff financing from utilities is particularly valuable because it improves the ability of low-income renters to lower their utility bills, without burdening landlords with unrecoverable capital costs. To implement tariff financing country-wide, regulations in many states defining private loan-making institutions or the allowable use of public benefit funds may need to be modified. Tariff financing is relatively new and in most locations is only available as a pilot program or has only recently exited pilot phase. This preliminary evaluation suggests that tariff financing is a valuable future addition to the toolkit of policymakers who aim to increase the diffusion of efficient appliances. While regulatory approval is necessary in states that wish to pursue tariff financing, at this point, the major barrier to further implementation appears to be the newness of the financing mechanism.

  3. Factors for implementation of development projects with an emphasis on preliminary estimates project (Case Study flagship project of Ilam

    Directory of Open Access Journals (Sweden)

    Abdollahian Vahed

    2016-12-01

    Full Text Available Without a doubt optimum performance is possible in the context of a planned development project organized failure to comply with a standard patterndoes not guarantee when a project based on financial forecasts and with the required quality. in this study, based on the standards of project management enumerating the factors for implementation of a project the study is the flagship project of Ilam and finally the implementation of the project as stated in the standard are investigated. in this research project emphasizing the preliminary estimates (estimates and time and workload has been considered and compared to the existing. according to the research findings in 83 percent of projects, project was not according to preliminary financial estimates. 100% of projects have been wrong to predict the time and projects have progressed according to preliminary forecast and in 66 percent of projects supporting private sector investment and hinder the progress of the project is appropriate and the project framework was unchanged.

  4. Solar Schools Assessment and Implementation Project: Financing Options for Solar Installations on K-12 Schools

    Energy Technology Data Exchange (ETDEWEB)

    Coughlin, J.; Kandt, A.

    2011-10-01

    This report focuses on financial options developed specifically for renewable energy and energy efficiency projects in three California public school districts. Solar energy systems installed on public schools have a number of benefits that include utility bill savings, reductions in greenhouse gas emissions (GHGs) and other toxic air contaminants, job creation, demonstrating environmental leadership, and creating learning opportunities for students. In the 2011 economic environment, the ability to generate general-fund savings as a result of reducing utility bills has become a primary motivator for school districts trying to cut costs. To achieve meaningful savings, the size of the photovoltaic (PV) systems installed (both individually on any one school and collectively across a district) becomes much more important; larger systems are required to have a material impact on savings. Larger PV systems require a significant financial commitment and financing therefore becomes a critical element in the transaction. In simple terms, school districts can use two primary types of ownership models to obtain solar installations and cost savings across a school district. The PV installations can be financed and owned directly by the districts themselves. Alternatively, there are financing structures whereby another entity, such as a solar developer or its investors, actually own and operate the PV systems on behalf of the school district. This is commonly referred to as the 'third-party ownership model.' Both methods have advantages and disadvantages that should be weighed carefully.

  5. Preliminary aspects of a qualitative research projection

    Directory of Open Access Journals (Sweden)

    Simona Haidau

    2012-12-01

    Full Text Available In this paper are presented preliminary aspects on the design of of qualitative research achieved by nongovernmental organizations in the North-East of Romȃnia. The research aims to identify attitudes, opinions and behaviors to nongovernmental organizations to implement public relations programs and campaigns.

  6. A Comparative Study of Financing Efficiency of Corporate Finance and Project Finance%企业融资与项目融资的融资效率比较研究

    Institute of Scientific and Technical Information of China (English)

    黄琼

    2014-01-01

    本文选取筹资能力、融资成本、综合收益率、风险分担机制、对财务报表和税务的积极影响五个主要因素作为企业融资和项目融资的融资效率的评价指标,采用模糊综合评价法来比较两者融资效率的高低。首先建立影响融资效率的因素集,然后用德尔菲法获得五个因素的权重集,通过分析构造出五个因素的模糊互补判断矩阵,再用相关公式得到两者融资效率的模糊判断矩阵,最后进行模糊综合评价,并用最大隶属度原则解释最后的数据结果,得到最终结论,给项目发起人选取融资方式一定的参考。%In this paper,the following five major factors are selected to evaluate the financing efficiency of corpo-rate finance and project finance:financing capacity,financing costs,the consolidated income ratio,risk-sha-ring mechanisms,and the positive impact on the financial statements and tax.The fuzzy comprehensive evalua-tion method is adopted to compare their level of financing efficiency.Firstly,the factors set which affect the fi-nancing efficiency is built.The Delphi method is then employed to get the weight set of the five factors.The fuzzy complementary judgment matrices of the five factors is established thereafter through due analysis.After that,the related formula is exploited to get both fuzzy judgment matrices of financing efficiency.Finally,the fuzzy comprehensive evaluations are made,the results of which are explained by Maximum membership degree principle to make the final conclusions.This study aims to to provide the project sponsors some references about selecting the two different ways of financing.

  7. Ethics, finance, and automation: a preliminary survey of problems in high frequency trading.

    Science.gov (United States)

    Davis, Michael; Kumiega, Andrew; Van Vliet, Ben

    2013-09-01

    All of finance is now automated, most notably high frequency trading. This paper examines the ethical implications of this fact. As automation is an interdisciplinary endeavor, we argue that the interfaces between the respective disciplines can lead to conflicting ethical perspectives; we also argue that existing disciplinary standards do not pay enough attention to the ethical problems automation generates. Conflicting perspectives undermine the protection those who rely on trading should have. Ethics in finance can be expanded to include organizational and industry-wide responsibilities to external market participants and society. As a starting point, quality management techniques can provide a foundation for a new cross-disciplinary ethical standard in the age of automation.

  8. 建设项目融资模式研究%Studies of Financing Model for Construction Projects

    Institute of Scientific and Technical Information of China (English)

    关书溪

    2011-01-01

    本文首先叙述了项目融资的基本理论,对项目融资的BOT模式、AB模式、TOT融资模式、TBT模式和PPP模式进行了分析和研究.并且对BOT融资模式的运作程序,我们提出了自己的看法.%This paper described the basic theory of financing project.Tthe BOT model, AB model, TOT financing model, TBT mode and PPP model of project financing were analyzed and studied.We put forward our own view on the operation procedure of BOT financing model.

  9. Project Financing Strategy and Risk Control%项目融资策略及风险防范探讨

    Institute of Scientific and Technical Information of China (English)

    张军

    2013-01-01

      文章对项目融资模式的各种风险进行分析,并提出相应的风险防范对策。为此,在项目融资过程中,要根据项目战略决定其融资策略,继而选择适合自己的最佳资本结构和融资方式,防范项目风险。%This paper analyzes the various risks of project financing mode, And proposes the corresponding risk prevention measures. Therefore, in the process of financing, according to firms' own development strategy to determine their financing strategy, th us choose the appropriate optimal capital structure and financing mode, to prevent the project risk.

  10. FINANCIAL INDICATORS FOR THE ROMANIAN COMPANIES BETWEEN ELIGIBILITY AND BANKABILITY OF EU FINANCED PROJECTS

    Directory of Open Access Journals (Sweden)

    Droj Laurentiu

    2014-12-01

    Full Text Available The main goal of this research is to compare the eligibility indicators for accessing EU projects with the bankability indicators at the level of Romanian companies. This study was realized in a period when the term of bankability seems to be in the focus of the beneficiaries and management authorities for European funding, of the banking system and of the mass-media as well. This happens for the first time since the launch in 2007-2008 of the main structural EU funding programs focusing on the development of competitive SMEs, which brought significant changes in the EU funding environment. The same with the public institutions, many SMEs have applied for grants in order to finance their investments using different funding programs, especially under the European Regional Development Fund. This process to obtain European funding was a long one in term of evaluation and contracting periods. Under this context, the initial success of SMEs that have successfully applied and even managed to gain access to European funding was overshadowed by another sharper problem: lack of financial resources for co-financing to support investments or expenditures in the initial stages funding the project. This was also a big problem since the start of word financial and economic crisis. Under this context the banking sector was supposed to be heavily involved in ensuring external financing. The main difficulties in co-financing European funding projects by the banks came from the fact that the companies were requested to obtain satisfactory scores in order to qualify for the banking loans. Several indicators were used by the banking sector to analyze the creditworthiness of the applicant companies. From these indicators we selected five of them to be tested by using Student distribution modelling within the ModelRISK – VoseSoftware application over a group of 50 companies located in the North-Western region of Romania. After the model was created in this paper we

  11. Recent Development and Preliminary Results of Chinese Meridian Project

    Institute of Scientific and Technical Information of China (English)

    WANG Chi; REN Liwen

    2013-01-01

    The Meridian Project is a ground-based network program to monitor solar-terrestrial space environment,which consists of a chain of 15 ground-based observatories located roughly along 120°E longitude and 30°N latitude.The Meridian project started in 2008,and its construction was completed by 2011.The integration and test phase of the Meridian Project conducted in 2011 demonstrated its observation capabilities as expected.The project will be in full operation in 2012.This report gives an overview of the recent development and preliminary results of the Meridian Project since 2010.

  12. Determinants of the cost of capital for privately financed hospital projects in the UK.

    Science.gov (United States)

    Colla, Paolo; Hellowell, Mark; Vecchi, Veronica; Gatti, Stefano

    2015-11-01

    Many governments make use of private finance contracts to deliver healthcare infrastructure. Previous work has shown that the rate of return to investors in these markets often exceeds the efficient level. Our focus is on the factors that influence that return. We examine the effect of macroeconomic, project- and firm-level variables using a detailed sample of 84 UK private finance initiative (PFI) contracts signed between 1997 and 2010. Of the above variables, macroeconomic conditions and lead sponsor size are related to the investor return. However, our results show a remarkable degree of stability in the return to investors over the 14-year period. We find evidence of a 'prevailing norm' that is robust to project- and firm-level variation. The sustainability of excess returns over a long period is indicative of a concentrated market structure. We argue that policymakers should consider new mechanisms for increasing competition in the equity market, while ensuring that authorities have the specialist resources required to negotiate efficient contract prices. Copyright © 2015 Elsevier Ireland Ltd. All rights reserved.

  13. USAGE OF ACB-MININD SOFTWARE IN THE CBA ANALYSIS FOR FINANCING INVESTMENT PROJECTS THROUGH EUROPEAN FUNDING IN CORRELATION WITH THE FINANCING FROM THE BANKING SYSTEM

    Directory of Open Access Journals (Sweden)

    Droj Gabriela

    2012-12-01

    Full Text Available The extension of the European Union with the first “wave” of new members in 2004 and later with the second “wave” of members in 2007 brought new opportunities for the countries in Eastern Europe, being obvious that “effective utilisation of EU support can foster the success of their economic performance”. Financing investment projects proposed by the SMEs can be realized through several financial sources internal and external, from which two of the most common external sources constitute from subsidies-grants and through banking system. One of the most important financing programme present in Romania, available for SMEs is SOP IEC, which awards grants for investments proposed by production companies. This financing program encourages its beneficiaries to combine the European grant with private funds mostly provided through the banking system. The paper analyzed the methodology used in Cost Benefit Analysis and also The ACB-MININD software which is compulsory to be used for the CBA analysis of these investment projects links for the first time elements of analysis used by the European Commission with elements of analysis used by the banking system. In this context the present article tries to analyze how the ACB-MININD software links the main elements of Cost-Benefit analysis such as NPV or IRR with elements of the bankability software which are mainly used by the banking system such as: cash-flow analysis, loan/interest payment and financial sustainability. Also are presented the links between the banking sector and the external financing sector in the field on investment projects. As final conclusions of this paper we will demonstrate the theoretical and practical role of cost-benefit analysis - financial component to select the best applications that will be proposed for funding under the European grant programs and to link them to the banking system in order to ensure a proper co-financing for these

  14. A financing model to solve financial barriers for implementing green building projects.

    Science.gov (United States)

    Lee, Sanghyo; Lee, Baekrae; Kim, Juhyung; Kim, Jaejun

    2013-01-01

    Along with the growing interest in greenhouse gas reduction, the effect of greenhouse gas energy reduction from implementing green buildings is gaining attention. The government of the Republic of Korea has set green growth as its paradigm for national development, and there is a growing interest in energy saving for green buildings. However, green buildings may have financial barriers that have high initial construction costs and uncertainties about future project value. Under the circumstances, governmental support to attract private funding is necessary to implement green building projects. The objective of this study is to suggest a financing model for facilitating green building projects with a governmental guarantee based on Certified Emission Reduction (CER). In this model, the government provides a guarantee for the increased costs of a green building project in return for CER. And this study presents the validation of the model as well as feasibility for implementing green building project. In addition, the suggested model assumed governmental guarantees for the increased cost, but private guarantees seem to be feasible as well because of the promising value of the guarantee from CER. To do this, certification of Clean Development Mechanisms (CDMs) for green buildings must be obtained.

  15. A Financing Model to Solve Financial Barriers for Implementing Green Building Projects

    Directory of Open Access Journals (Sweden)

    Sanghyo Lee

    2013-01-01

    Full Text Available Along with the growing interest in greenhouse gas reduction, the effect of greenhouse gas energy reduction from implementing green buildings is gaining attention. The government of the Republic of Korea has set green growth as its paradigm for national development, and there is a growing interest in energy saving for green buildings. However, green buildings may have financial barriers that have high initial construction costs and uncertainties about future project value. Under the circumstances, governmental support to attract private funding is necessary to implement green building projects. The objective of this study is to suggest a financing model for facilitating green building projects with a governmental guarantee based on Certified Emission Reduction (CER. In this model, the government provides a guarantee for the increased costs of a green building project in return for CER. And this study presents the validation of the model as well as feasibility for implementing green building project. In addition, the suggested model assumed governmental guarantees for the increased cost, but private guarantees seem to be feasible as well because of the promising value of the guarantee from CER. To do this, certification of Clean Development Mechanisms (CDMs for green buildings must be obtained.

  16. Hellsgate Winter Range : Wildlife Mitigation Project. Preliminary Environmental Assessment.

    Energy Technology Data Exchange (ETDEWEB)

    United States. Bonneville Power Administration.

    1995-01-01

    The Bonneville Power Administration proposes funding the Hellsgate Winter Range Wildlife Mitigation Project in cooperation with the Colville Convederated Tribes and Bureau of Indian Affairs. This Preliminary Environmental Assessment examines the potential environmental effects of acquiring and managing property for wildlife and wildlife habitat within a large project area. The Propose action is intended to meet the need for mitigation of wildlife and wild life habitat that was adversely affected by the construction of Grand Coulee and Chief Joseph Dams and their reservoirs.

  17. PRACTICE OF DRAFTING AND IMPLEMENTING OF FINANCING PROJECTS IN NON-FORMAL EDUCATION

    Directory of Open Access Journals (Sweden)

    BUZOIANU Daniela Angela

    2015-06-01

    Full Text Available In Petroleum and Gas University, besides teaching and research activities, a priority is non-formal education area. In the academic center of Ploiesti, the activities of non-formal education take place through Center for Porjects, Programs and Cultural - Artistic events (CPPECA and Student’s Culture House, located in the University campus (CCS. The mission of the Center for Projects, Programs and Cultural - Artistic events and Student’s Culture House is: - To offer a big diversity of activities in non-formal education area for students and teachers; - To become an essential and defining pillar in continous formation of young people. The purpose is to promote excellence also in non-formal education fied , starting from the value and tradition of university education in Romanian oil area The Center for Project, Programs and Cultural - Artistic events (CPPECA and Student’s House of Culture have: • An educational function; • A real multidirectional cultural vocation through: - initiating,implementing and developing cultural projects and programs; - organizing and developing specific events like shows, festivals, national and international contests. The paper presents practical aspects in development and implementation of financing projects in non-formal education field.

  18. Small hydro project in Wohlen, Bern - Preliminary study; Programm Kleinwasserkraftwerke. KWKW Hofenmuehle, Wohlen BE - Vorstudie

    Energy Technology Data Exchange (ETDEWEB)

    Fritschi, M.; Spescha, P.

    2008-11-15

    This report for the Swiss Federal Office of Energy (SFOE) presents the preliminary project study for the refurbishment of an existing small hydropower installation in Wohlen, Bern, Switzerland. The installation is in the Hofenmuehle, a listed mill complex dating from the first half of the nineteenth century. The headrace channel has already been refurbished by a community service group. The high level of financial effort and the idealism of the owner families are noted. The existing installations are described in detail. The refurbishment of the technical equipment and the associated work such as water-flow measurements are discussed. Cost estimates and environmental aspects are presented and discussed as are the financing of the refurbishment work and the cost-covering remuneration for the power produced. A possible increase in the power produced and the associated water-usage concession are discussed.

  19. Preliminary Design Report for the Yakima/Klickitat Production Project.

    Energy Technology Data Exchange (ETDEWEB)

    US Bonneville Power Administration

    1990-04-01

    A master plan for the Yakima/Klickitat Production Project (YKPP) was developed by the Northwest Power Planning Council (Council) on October 15, 1987, as a reasonable basis upon which the Bonneville Power Administration (BPA) could proceed to fund predesign work on the project. The Council approved the predesign work on the condition that eight preliminary tasks were completed. These tasks are: Task 1. Agreement on a refined statement of project goals. Task 2. Completion of a technical analysis of water supplies. Task 3. Completion of an experimental design plan. Task 4. Development of a harvest management plan. Task 5. Assessment of potential genetic risks. Task 6. Project coordination with all other affected parties. Task 7. Submission of a preliminary design report to the Council. Task 8. Develop a project management structure. The preliminary design report summarizes the work completed on these tasks. It provides a description of the preliminary design, engineering, and construction phases of project development, and gives an estimate of project costs. Also included is a description of other studies that were conducted to support YKPP planning. The results of studies conducted during the last 30 months indicate that hatchery facilities can be built in the Yakima and Klickitat subbasins to provide harvest benefits and to supplement natural production. Planning for the Yakima subbasin is at a more advanced stage of development than for the Klickitat subbasin because of greater availability of basic resource information. The information needed to proceed with final design and construction for the Klickitat subbasin will be available by 1992, as ongoing predesign work continues. This schedule is consistent with the anticipated phased completion of the YKPP by 1997.

  20. Innovative project development based on pure local financing: case Tychy in Poland

    Energy Technology Data Exchange (ETDEWEB)

    Oinonen, E. [Fortum Engineering Ltd. (Finland)

    1999-07-01

    A decision was made to construct a new coal fired cogeneration unit at the Tychy Heating plant (Poland). To pay for the new plant contracts were negotiated with local distribution companies for fuel, electric power and heat energy sales. These contracts were accepted by a local bank as a guarantee of future income and a credit agreement with a consortium of Polish banks signed. A contracts was signed in October 1997 with Fortum Engineering for turnkey delivery of the BC-35 cogeneration unit. The paper describes aspects of the project covering: local financing; combined heat and power generation; circulating fluidized bed technology; turnkey delivery; and business perspectives. Commercial electricity and heat production will begin in February 2000. 3 figs.

  1. Influence to the financial situation of hospitals for projects financed from the EU structural funds

    Directory of Open Access Journals (Sweden)

    Aleksandra ŁĘGA

    2015-05-01

    Full Text Available The European Union gives many opportunities for development to member countries, including raising founds for its funds. This money could be sought in many sectors of the economy. One of them is health care. The goal of this study is to assess the impact of the financial situation of hospitals in the Kuyavian-Pomeranian for projects financed by the Structural Funds European Union (EU in programming period 2007-2013. The money from the European Regional Development Fund and European Social Fund provided an opportunity to introduce the latest technology and equipment in medical entities, as well as allowed skilled in the art. Of medicine to acquire knowledge and skills to develop their potential. The paper discusses issues related to the possibilities of support by EU funding to health care. Based on the data contained in the financial statements of an analysis of data from the balance sheet, characterized projects in hospitals as part of financing from the EU and the influence of the material in the therapeutic entities for their implementation through the analyses of correlation. The possibility of providing health services requires appropriate  regulations in law, system and organization. This is necessary in order to achieve the main goal of any entity that is take care of the welfare of the patient. Health and its protection is the highest value for the individual and for society, so Poland and the European Union is committed to the protection of the priority objective through enhanced organizational and legal actions and investments in the health sector.

  2. Financing the clean development mechanism through debt-for-efficiency swaps? Case study evidence from a Uruguayan wind farm project

    DEFF Research Database (Denmark)

    Cassimon, Danny; Prowse, Martin; Essers, Dennis

    2011-01-01

    of the mechanism by China and India, the complex project cycle, and the lack of convincing baselines, little attention has been paid to the financing of CDM projects. In this paper we assess the extent to which CDM projects with public bodies should utilise debt swaps as a form of finance. The paper does......As one of Kyoto’s three flexibility mechanisms for reducing the cost of compliance, the Clean Development Mechanism (CDM) allows the issuance of Certified Emission Reduction (CER) credits from offset projects in non-Annex I countries. Whilst much attention has focused on the widespread use...... this through analysing the use of a debt swap between Uruguay and Spain within a CDM wind farm project in Uruguay. The paper assesses this transaction according to a simple framework by which debt swaps can be evaluated: whether it delivers additional resources to the debtor country and/or debtor government...

  3. 23 CFR 661.43 - Can other sources of funds be used to finance a queued project in advance of receipt of IRRBP funds?

    Science.gov (United States)

    2010-04-01

    ... PROGRAM § 661.43 Can other sources of funds be used to finance a queued project in advance of receipt of... 23 Highways 1 2010-04-01 2010-04-01 false Can other sources of funds be used to finance a queued project in advance of receipt of IRRBP funds? 661.43 Section 661.43 Highways FEDERAL HIGHWAY...

  4. 77 FR 23242 - Grand Coulee Project Hydroelectric Authority; Notice of Preliminary Permit Application Accepted...

    Science.gov (United States)

    2012-04-18

    ... the Banks Lake Pumped Storage Project (Banks Lake Project or project) to be located on Banks Lake and... Energy Regulatory Commission Grand Coulee Project Hydroelectric Authority; Notice of Preliminary Permit... December 1, 2011, the Grand Coulee Project Hydroelectric Authority filed an application for a preliminary...

  5. Project finance risk evaluation of the Electric power industry of Serbia

    Energy Technology Data Exchange (ETDEWEB)

    Makajic Nikolic, Dragana [Faculty of Organizational Sciences, University of Belgrade, Jove Ilica 154, 11000 Belgrade (Serbia); Jednak, Sandra, E-mail: sjednak@fon.bg.ac.rs [Faculty of Organizational Sciences, University of Belgrade, Jove Ilica 154, 11000 Belgrade (Serbia); Benkovic, Sladana [Faculty of Organizational Sciences, University of Belgrade, Jove Ilica 154, 11000 Belgrade (Serbia); Poznanic, Vladimir [Faculty of Economics, University of Belgrade, Kamenicka 6, 11000 Belgrade (Serbia)

    2011-10-15

    From the aspect of the development of a country, the energy sector represents a domain of strategic interest. Generation and use of energy resources most often belongs to the public sector, and are most often under the influence of the government in most countries. This paper analyzes the risks that are characteristic to the business of the public enterprise, Electric Power Industry of Serbia (EPS). EPS has started its restructuring and is adjusting to changes and challenges imposed by the launched reforms in the energy sector. However, due to certain limitations, it is still not possible to implement its complete restructuring and modernization. The paper aims to point at the risks a potential strategic partner faces. The risks have been identified as commercial, financial and political, classification immanent for project finance, and their evaluation was done using Failure Mode and Effects Analysis (FMEA). Risk analysis was performed based on current conditions for two potential scenarios that predict different types of changes in the analyzed period. The results of the analysis show that the potential strategic partner should pay special attention to price risks, estimation, investments, project activity neglect, quasi-risks and debt collection. - Highlights: > Paper analyze all risks characteristic for business running of the public enterprise EPS. > Potential strategic partner faces with the commercial, financial and political risks. > Risk analysis was done using FMEA. > Results are indicating high risk of investing in EPS. > The highest risks are commercial risks, especially price risks.

  6. Small innovative company’s valuation within venture capital financing of projects in the construction industry

    Directory of Open Access Journals (Sweden)

    Bril Alexander

    2017-01-01

    Full Text Available The article is focused on the pressing and debatable challenge of venture capital business – the valuation of the company aimed to ensure the process of “buy-back” in the preparation of the agreement on the financing of start-ups in the Russian Federation. Exactly this stage of venture project evaluation occurs to be the most arguable among investors and founders of the company, because up to 40% of transactions fail at this stage. The materials of the article provide a set of simple methods to assess the value of the company, which is actually feasible in the early stages of design. The article considers the overall situation of development in recent years and the classification of the main types of external venture business in Russia, depending on the financial resources discussed to justify the proposals. The proposals are based on the experience of the authors in the field of business planning innovative projects and analysis of small innovative enterprises schemes based on investment stages. In the article, there is an example of economic indicators monitoring and calculation on start-up of special modules of electric systems, working in the construction business.

  7. Important project financing by issue of bonds in the Federation of Bosnia and Herzegovina

    Directory of Open Access Journals (Sweden)

    Lazar Dreč

    2016-11-01

    Full Text Available This article deals with the development of the Federation of Bosnia and Herzegovina based on the opening of infrastructure facilities for which funding is proposed to incorporate the issue of securities, primarily government bonds because there is a real basis for its demand deriving by banks, citizens and other organizations and institutions. The basic conditions for the functioning model of financing development and strategic projects by issuing securities herein include: a accelerate reforms and create the legal framework that will allow the establishment of important missing institutions for the business sector, b more efficient functioning of the executive and legislative bodies in Bosnia and Herzegovina on creating a favourable business environment, c the implementation of identified strategic commitment from all levels of government in relation to the creation of a single economic space, labour market, harmonization of entity policies and other policies that influence the overall business environment, d the development of infrastructure projects and power facilities, and e the inclusion of private funding and knowledge aimed at improving the construction and management of roads.

  8. THE VENTURE CAPITAL CONTRIBUTION TO THE FINANCING OF ENTREPRENEURIAL PROJECTS: CASE OF TUNISIAN RISK CAPITAL INVESTMENT COMPANY (SICAR

    Directory of Open Access Journals (Sweden)

    GHODBANE ADEL

    2016-11-01

    Full Text Available Venture capital is a form of financing that a company can get. These are "temporary and minority equity participation in unlisted companies to subsequently generate capital gains. Translation of American term "venture capital. Venture capital in the strict sense concerns, meanwhile, that the only interventions in capital in new enterprises or in the creation phase "It is a kind private funding, unlike the financing of listed companies. The rationale of venture capital is that it is sometimes one of the only sources of major funding that a company can get for it. Other sources, such as loans from banks are often too difficult to obtain for a new business, as these sources consider some business projects are too risky. Starting a business environment that requires greater dynamism in investment and entrepreneurship, venture capital, a structured and organized in Tunisia, plays an important role in the financing chain and supporting businesses including innovative SMEs which constitute the most dynamic sector of the economy. In this report, we believe that venture capital is an important segment for the financing of SMEs in Tunisia it is imperative to develop in the direction of a better contribution to the scheme of financing of SMEs.

  9. Public financing of research projects in Poland – its image and consequences?

    Directory of Open Access Journals (Sweden)

    Feldy Marzena

    2016-12-01

    Full Text Available Both the size of appropriation as well as their distribution have had a profound impact on the shape and activities of the science sector. The creation of a fair system of distribution of public resources to research that will also facilitate the effective implementation of the pursued scientific policy goals represents a major challenge. The issue of the determination of the right proportions of individual distribution channels remains critical. Despite this task being the responsibility of the State, establishing cooperation in this respect with the scientific community is desirable. The implementation of solutions that raise the concerns of scientists leads to system instability and reduced effectiveness which is manifest among others in a lower level of indicators of scientific excellence and innovation in the country. These observations are pertinent to Poland where the manner in which scientific institutes operate were changed under the 2009–2011 reform. A neoliberal operating model based on competitiveness and rewarding of top rated scientific establishments and scientists was implemented. In light of these facts, the initiation of research that will provide information on how the implemented changes are perceived by the scientific community seems to be appropriate. The aim of this article is in particlar presenting how the project model of financing laid down under the reform is perceived and what kind of image has been shaped among Polish scientists. In order to gain a comprehensive picture of the situation, both the rational and emotional image was subject to analysis. The conclusions regarding the perception of the project model were drawn on the basis of empirical materials collected in a qualitative study the specifics of which will be presented in the chapter on methodology. Prior to that, the author discusses the basic models for the distribution of state support for science and characterises the most salient features of the

  10. 77 FR 41782 - City of Quincy; FFP Project 110, LLC; Notice of Competing Preliminary Permit Applications...

    Science.gov (United States)

    2012-07-16

    ... Energy Regulatory Commission City of Quincy; FFP Project 110, LLC; Notice of Competing Preliminary Permit... May 1, 2012, City of Quincy and FFP Project 110, LLC filed preliminary permit applications pursuant to... 62301; (217) 228-4500. FFP Project 110, LLC's proposed project would consist of: (1) Fourteen new...

  11. Assessment of Energy Efficiency Project Financing Alternatives for Brookhaven National Laboratory

    Energy Technology Data Exchange (ETDEWEB)

    Hunt, W. D.; Hail, John C.; Sullivan, Gregory P.

    2000-02-14

    This document provides findings and recommendations that resulted from an assessment of the Brookhaven National Laboratory by a team from Pacific Northwest National Laboratory to assess the site's potential for various alternative financing options as a means to implement energy-efficiency improvements. The assessment looked for life-cycle cost-effective energy-efficiency improvement opportunities, and through a series of staff interviews, evaluated the various methods by which these opportunities may be financed, while considering availability of funds, staff, and available financing options. This report summarizes the findings of the visit and the resulting recommendations.

  12. Financing Renewable Energy Projects on Contaminated Lands, Landfills, and Mine Sites

    Science.gov (United States)

    Provides information concerning financing tools and structures, as well as federal financial incentives that may be available for redeveloping potentially contaminated sites, landfills, or mine sites for renewable energy for site owners.

  13. Geothermal Financing Workbook

    Energy Technology Data Exchange (ETDEWEB)

    Battocletti, E.C.

    1998-02-01

    This report was prepared to help small firm search for financing for geothermal energy projects. There are various financial and economics formulas. Costs of some small overseas geothermal power projects are shown. There is much discussion of possible sources of financing, especially for overseas projects. (DJE-2005)

  14. 77 FR 41781 - City of Quincy; FFP Project 109, LLC; Notice of Competing Preliminary Permit Applications...

    Science.gov (United States)

    2012-07-16

    ... Energy Regulatory Commission City of Quincy; FFP Project 109, LLC; Notice of Competing Preliminary Permit... May 1, 2012, City of Quincy and FFP Project 109, LLC filed preliminary permit applications pursuant to...: Mr. Charles Bevelheimer, 730 Maine Street, Quincy, IL 62301; (217) 228-4500. FFP Project 109,...

  15. King County Metro Battery Electric Bus Demonstration: Preliminary Project Results

    Energy Technology Data Exchange (ETDEWEB)

    2017-05-22

    The U.S. Federal Transit Administration (FTA) funds a variety of research projects that support the commercialization of zero-emission bus technology. To evaluate projects funded through these programs, FTA has enlisted the help of the National Renewable Energy Laboratory (NREL) to conduct third-party evaluations of the technologies deployed under the FTA programs. NREL works with the selected agencies to evaluate the performance of the zero-emission buses compared to baseline conventional buses in similar service. The evaluation effort will advance the knowledge base of zero-emission technologies in transit bus applications and provide 'lessons learned' to aid other fleets in incrementally introducing next generation zero-emission buses into their operations. This report provides preliminary performance evaluation results from a demonstration of three zero-emission battery electric buses at King County Metro in King County, Washington. NREL developed this preliminary results report to quickly disseminate evaluation results to stakeholders. Detailed evaluation results will be published in future reports.

  16. Preliminary Project Execution Plan for the Remote-Handled Low-Level Waste Disposal Project

    Energy Technology Data Exchange (ETDEWEB)

    David Duncan

    2011-05-01

    This preliminary project execution plan (PEP) defines U.S. Department of Energy (DOE) project objectives, roles and responsibilities of project participants, project organization, and controls to effectively manage acquisition of capital funds for construction of a proposed remote-handled low-level waste (LLW) disposal facility at the Idaho National Laboratory (INL). The plan addresses the policies, requirements, and critical decision (CD) responsibilities identified in DOE Order 413.3B, 'Program and Project Management for the Acquisition of Capital Assets.' This plan is intended to be a 'living document' that will be periodically updated as the project progresses through the CD process to construction and turnover for operation.

  17. REIT Performance and Option of Financing Real Estate Project in Developing Countries - (A Case of M-REIT and NREIT

    Directory of Open Access Journals (Sweden)

    Olaopin Olanrele Olusegun

    2014-01-01

    Full Text Available Performance of REITs have been largely measured using benchmark from the stock market indices (S&P500, Sharpe ratio, KLCI, etc or correlation studies. The real world of REIT shows that both economic and environmental factors exert influence on REIT performance on a simultaneous nature. Adopting quantitative method, where secondary data were statistically analysed. We proposed the use of multivariate regression where REIT performance (Y is the independent variable to be predicted by predictor variables of internal and external factors (X1–Xn. We equally proposed a possibility of REIT financing real estate project, against the existing regulations which prohibit such, using average return method of portfolio analysis on assumed numerical data. The study finds that economic factors jointly have a significant effect on REIT performance at P =0.044 while none of the factors has significant contribution individually. A benchmark REIT return of 5.3% is predicted. The study recommends a linear regression model analysis for REITs benchmark based on past performance for return measurement. REIT can only finance real estate project in the countries where there is acute shortage of fund and property stock. We suggest a modification of REIT laws to accommodate real estate financing by REITs.

  18. Preliminary results on the cryogenic target for FIREX project

    Science.gov (United States)

    Iwamoto, A.; Maekawa, R.; Mito, T.; Okamoto, M.; Motojima, O.; Nakai, M.; Norimatsu, T.; Nagai, K.

    2006-06-01

    Preliminary tests on the cryogenic target for the fast ignition realization experiment (FIREX) project has been conducted. A foam shell method is proposed to realize its target design. A foam target consists of three parts: a foam shell, a conical laser guide and a liquid or gas feeder made of glass. The shell is a hollow sphere (500 μm in diameter) with a uniform and thin foam layer (˜ 20 μm in thickness). Epoxy resin is utilized to assemble the parts into the target. Regarding target fabrication, one of the concerns is the influence on various thermal contractions from the different materials when it is cooled down to cryogenic environment. This paper describes the result on the validity check at cryogenic environment and the demonstration of H{2} liquefaction using a dummy target instead of the foam target.

  19. Industrial Development Bonds for Financing Projects in Rural Areas. Agricultural Experiment Station Research Report 216.

    Science.gov (United States)

    Fuller, Stephen W.

    As one of several special reports on development possibilities for the agriculture and forestry sector of the Four Corners Economic Development Region, this monograph deals with the use of industrial development bonds as a means of resolving finance problems arising from inadequate or nonexistent credit in rural areas. Distinguishing between the…

  20. 76 FR 9340 - Mill Town Power Project; Notice of Preliminary Permit Application Accepted for Filing and...

    Science.gov (United States)

    2011-02-17

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Mill Town Power Project; Notice of Preliminary Permit Application Accepted..., 2011, Mill Town Power Project filed an application for a preliminary permit, pursuant to section...

  1. Research on Evaluation of M&A Financing Risk in the Preliminary Planning Stage for Listed Company%关于我国上市公司并购融资前期规划阶段的风险评价——基于AHP—GEM模糊综合分析

    Institute of Scientific and Technical Information of China (English)

    肖振红; 孙凤玲

    2012-01-01

    利用AHP、GEM和模糊综合评价方法相结合,构建了上市公司并购融资前期规划阶段风险评价指标体系和评价模型,并以某上市公司并购融资方案选择为例全面介绍了AHP—GEM模糊综合评价法在并购融资风险评价中的应用,为上市公司并购融资方案选择和融资风险控制提供理论依据。%With the combination of AHP, GEM and Fuzzy synthesis evaluation method, this paper constructed the evaluation system and evaluation model of M&A financial risk in the preliminary planning stage for listed company, and given an example that selection of a listed company M&A financing project, then introduced the apply of e- valuation system and evaluation model been constructed in the field of M&A financing risk evaluation. Finally, the paper supplied the theoretical basis for selection of M&A financing project and control of M&A financing risk.

  2. Greenridge Multi-Pollutant Control Project Preliminary Public Design Report

    Energy Technology Data Exchange (ETDEWEB)

    Connell, Daniel P

    2009-01-12

    the commercial readiness of an emissions control system that is specifically designed to meet the environmental compliance requirements of these smaller coal-fired EGUs. The multi-pollutant control system is being installed and tested on the AES Greenidge Unit 4 (Boiler 6) by a team including CONSOL Energy Inc. as prime contractor, AES Greenidge LLC as host site owner, and Babcock Power Environmental Inc. as engineering, procurement, and construction contractor. All funding for the project is being provided by the U.S. Department of Energy, through its National Energy Technology Laboratory, and by AES Greenidge. AES Greenidge Unit 4 is a 107 MW{sub e} (net), 1950s vintage, tangentially-fired, reheat unit that is representative of many of the 440 smaller coal-fired units identified above. Following design and construction, the multi-pollutant control system will be demonstrated over an approximately 20-month period while the unit fires 2-4% sulfur eastern U.S. bituminous coal and co-fires up to 10% biomass. This Preliminary Public Design Report is the first in a series of two reports describing the design of the multi-pollutant control facility that is being demonstrated at AES Greenidge. Its purpose is to consolidate for public use all available nonproprietary design information on the Greenidge Multi-Pollutant Control Project. As such, the report includes a discussion of the process concept, design objectives, design considerations, and uncertainties associated with the multi-pollutant control system and also summarizes the design of major process components and balance of plant considerations for the AES Greenidge Unit 4 installation. The Final Public Design Report, the second report in the series, will update this Preliminary Public Design Report to reflect the final, as-built design of the facility and to incorporate data on capital costs and projected operating costs.

  3. Data Collection for Current U.S. Wind Energy Projects: Component Costs, Financing, Operations, and Maintenance; January 2011 - September 2011

    Energy Technology Data Exchange (ETDEWEB)

    Martin-Tretton, M.; Reha, M.; Drunsic, M.; Keim, M.

    2012-01-01

    DNV Renewables (USA) Inc. (DNV) used an Operations and Maintenance (O&M) Cost Model to evaluate ten distinct cost scenarios encountered under variations in wind turbine component failure rates. The analysis considers: (1) a Reference Scenario using the default part failure rates within the O&M Cost Model, (2) High Failure Rate Scenarios that increase the failure rates of three major components (blades, gearboxes, and generators) individually, (3) 100% Replacement Scenarios that model full replacement of these components over a 20 year operating life, and (4) Serial Failure Scenarios that model full replacement of blades, gearboxes, and generators in years 4 to 6 of the wind project. DNV selected these scenarios to represent a broad range of possible operational experiences. Also in this report, DNV summarizes the predominant financing arrangements used to develop wind energy projects over the past several years and provides summary data on various financial metrics describing those arrangements.

  4. Water Finance Webinars and Forums

    Science.gov (United States)

    The Center hosts a series of water finance forums. These forums bring together communities with drinking water, wastewater, and stormwater project financing needs in an interactive peer-to-peer networking format.

  5. DETERMINATION OF RESIDUAL VALUE WITHIN THE COST BENEFIT ANALYSIS FOR THE PROJECTS FINANCED BY THE EUROPEAN UNION

    Directory of Open Access Journals (Sweden)

    Droj Laurentiu

    2011-12-01

    Full Text Available This paper will be later used within the Doctoral thesis: The Mechanism of Financing Investment Projects by Usage of European Structural Funds, which is currently under development at the University Babes Bolyai Cluj Napoca, Faculty of Economics and Business Management, under the coordination of the prof. univ. dr. Ioan Trenca. An increasing debate is rising recently between the academic community, the business community, the private lending institutions(banks, investment funds, etc. and the officials of the Romanian Government and of the European Union regarding the proposed method for calculation of the residual value in the European financed investment projects. Several methods of calculation of the Residual Value were taken into consideration and contested by different parties in order to prepare and to submit financial analysis studies for investment projects proposed to be financed within the European Regional Development Fund(ERDF. In this context, the present paper proposes to address the three main methods of calculation of the residual value and later to study its impact over the indicators, especially over the Internal Rate of Return, obtained in the financial analysis for an investment project proposed by a Romanian medium sized company. In order to establish the proper method which should be used for selection and calculation of the residual value previously published studies and official documentations were analyzed. The main methods for calculation of the residual values were identified as being the following: A. the residual market value of fixed assets, as if it were to be sold, B. accounting economic depreciation formula and C. by using the net present value of the cash flows. Based on these methods the research model was elaborated, and using the financial data of the proposed infrastructure investment was created a case study. According to the realized study a pattern was established for proper determination of residual value

  6. Solar PV Project Financing: Regulatory and Legislative Challenges for Third-Party PPA System Owners

    Energy Technology Data Exchange (ETDEWEB)

    Kollins, K.; Speer, B.; Cory, K.

    2009-11-01

    Residential and commercial end users of electricity who want to generate electricity using on-site solar photovoltaic (PV) systems face challenging initial and O&M costs. The third-party ownership power purchase agreement (PPA) finance model addresses these and other challenges. It allows developers to build and own PV systems on customers? properties and sell power back to customers. However, third-party electricity sales commonly face five regulatory challenges. The first three challenges involve legislative or regulatory definitions of electric utilities, power generation equipment, and providers of electric services. These definitions may compel third-party owners of solar PV systems to comply with regulations that may be cost prohibitive. Third-party owners face an additional challenge if they may not net meter, a practice that provides significant financial incentive to owning solar PV systems. Finally, municipalities and cooperatives worry about the regulatory implications of allowing an entity to sell electricity within their service territories. This paper summarizes these challenges, when they occur, and how they have been addressed in five states. This paper also presents alternative to the third-party ownership PPA finance model, including solar leases, contractual intermediaries, standardized contract language, federal investment tax credits, clean renewable energy bonds, and waived monopoly powers.

  7. ROMANIA’S FACTS ABOUT INTERNAL CONTROL ENVIRONMENT OF EUROPEAN SOCIAL FUND FINANCED PROJECTS

    Directory of Open Access Journals (Sweden)

    Dogar Cristian

    2012-07-01

    Full Text Available The malfunctioning of internal control system of European Social Fund (ESF financed interventions may prejudice the sound financial management principle. Incorporating COSO principles in the beneficiary’s internal control systems may provide some warranties about compliance to the above mentioned principle as described in the EC Regulation 1605-2002. This study aims to explore some facts in actual internal control environment, as a base for future improvements of Romanian ESF beneficiary’s internal control systems ESF financed interventions covers a large range of costs for implementing labor market related services. But supporting costs according to the sound financial management principle calls for best value for money in real and legal operations. Without some specifics from the donor or a mutual accepted best practice model, most of the ESF beneficiaries are reporting their efforts to actual researches and specialized literature regarding internal control system implementation in services. This study was realized in April 2012 by applying an investigation instrument, an on-line questionnaire collecting both opinions and factual data as well to a number of 962 members of a practice community for ESF interventions implementation. This technique was used to test hypotheses regarding the premises existence for a future improvement of the existing internal control system model. 100 members of this community: managers, accountants, auditors financial responsible and other team members answered anonymously, revealing a real concern for internal control, providing as well a different side image for this. Analyzing all stakeholder answers, we may consider that our hypothesis is correct and there is a real need for internal control environment improvements. This study is a part of a larger research “New models of the accounting and internal control systems of ESF financed interventions in Romania”, addressing a qualitative

  8. A survey of financing possibilities of projects in energetics with emphasis to the market with natural gas

    Directory of Open Access Journals (Sweden)

    Abed Al-Zabidi

    2009-09-01

    Full Text Available With the present expansion of globalization within economic competition of individual countries are stability and economicdevelopment inevitably bound with the term of energy, therefore also the natural gas. Presently, energy is still the most important factorof economic and social development.The critical tempo of energy consumption, entering of new players on the energetic market, quick industrialization of Asiancountries and accordingly growing difference between supply and demand, worries of depletion of the existing sources and worseningof our living environment are all worldwide global problems.The subject of the presented paper is a survey of market with natural gas in Slovakia, possibilities of diversification of sourcesof natural gas, its transport and distribution with the emphasis to the possibilities of financing of projects in energetics.

  9. Preliminary Study on Management of Agricultural Scientific Research Projects in the New Situation

    Institute of Scientific and Technical Information of China (English)

    Haiyan LUO; Qingqun YAO; Lizhen CHEN; Yu ZHENG

    2015-01-01

    Project management of agricultural scientific research institutions is an important section of agricultural scientific research plan management. It is of great significance for sustainable development of scientific research work of scientific research institutions. According to a series of opinions and notices about scientific and technological system reform issued by the state,and combining current situations of management of scientific research projects in scientific research institutions,this paper made a preliminary study on management of agricultural scientific research projects in the new trend. Finally,on the basis of the current situations of management of agricultural scientific research projects,it came up with pertinent recommendations,including strengthening communication and cooperation and actively declaring projects,strengthening preliminary planning of projects and establishing project information database,reinforcing project process management,ensuring on-time and high quality completion of projects,and strengthening learning and improving quality of management personnel.

  10. Os projetos financiados pelo banco mundial para o ensino fundamental no Brasil World bank financed projects for Brazilian basic education

    Directory of Open Access Journals (Sweden)

    Ireni Marilene Zago Figueiredo

    2009-12-01

    Full Text Available No contexto da crise da dívida externa, a educação é concebida como parte do conjunto das reformas econômicas. Desse modo, os projetos financiados para o ensino fundamental, pelo Banco Mundial, fazem parte do conjunto dos empréstimos de ajustes estruturais e setoriais. Esses empréstimos possuem características comuns entre elas a de dar suporte às reformas institucionais e econômicas e racionalizar os programas de investimento do setor público. Na década de 1990, os projetos financiados para o ensino fundamental apoiaram e orientaram as políticas para enfrentar o fracasso escolar (evasão e repetência, as quais contemplaram o processo de avaliação e de concorrência e os critérios de qualidade, de racionalidade econômica e de produtividade.On the context of the external debt crisis, education has been conceived of as an integrant part of the set of economic reforms. The World Bank financed projects for Basic Education are thus included in the loans for structural and sectorial adjustments. Such loans share characteristics and are aimed to support the institutional and economic reforms and rationalize public sector investment programs. In the 1990s, the financed projects for Basic Education, which supported and guided the politics to face school failure (dropout and repetition, considered the evaluation and competition process and the criteria of quality, economic rationality and productivity.

  11. Private sector financing of projects - implementation of the BAKUN hydroelectric project in Malaysia; Private Projektfinanzierung - Errichtung der Wasserkraftanlage Bakun in Malaysia

    Energy Technology Data Exchange (ETDEWEB)

    Failer, E. [Lahmeyer International GmbH, Frankfurt am Main (Germany)

    1998-07-01

    The BAKUN Hydroelectric Power Project in Malaysia represents, alongside the Three Gorges Project in China, one of today's most closely observed hydropower projects. The Bakun Project features a generating capacity of 2 520 MW, a 205 m high concrete face rockfill dam and a 1 320 km long power transmission system from Sarawak (Borneo) to West Malaysia. Implementation costs are estimated at around DM 10 000 million. In December 1996 the concession to construct and operate the Bakun Project for a period of 30 years on a BOT (build-operate-transfer) basis was granted to the Bakun Hydro-Electric Corporation, a private project development company. A US-Dollar million contract was awarded one year prior to this concession, to construct the river diversion works in advance. Completion of the three concrete-lined diversion tunnels, each with an inner diameter of 12 m, is scheduled for the end of 1998. After a brief overview of the Bakun Project, the paper describes a typical structure of the parties involved and the legal framework for BOT project finance. The most important features of the concession agreement, the power purchase agreement (PPA) and the engineering, procurement and construction (EPC) contract are explained. Finally, the paper emphasizes that in future the water resources engineer will have to be more involved with topics such as fixed-price contracts, risk management, turnkey solutions and project finance. (orig.) [German] Mit einer geplanten installierten Leistung von 2 520 MW, einem 205 m hohen Steinschuettdamm mit Betonoberflaechendichtung, einem 1 320 km langen Energieuebertragungssystem von Sarawak (Borneo) nach Westmalaysia und mit Projektkosten von ca. 10 Mrd. DM stellt das BAKUN-Wasserprojekt in Malaysia, neben dem Dreischluchtenprojekt in China, eines der meist beachteten Wasserkraftprojekte der Gegenwart dar. Im Dezember 1996 erhielt die private Projektentwicklungsgesellschaft 'Bakun Hydro-Electric Corporation' die Konzession, das

  12. The System of Support for Projects Co-Financed By EU Funds in the Czech Republic

    Directory of Open Access Journals (Sweden)

    Jana KOSTALOVA

    2015-06-01

    Full Text Available The paper deals with the system of support for projects co-f nanced through European Union funds (structural funds and the Cohesion Fund which were applied in the Czech Republic during the programming period 2007-2013, both from the point of view of the process of applying for such support and from the point of view of proj-ect implementation. The authors aimed to ana-lyze and evaluate the system from the point of view of the project organizers, identify the prob-lem areas in this system, and propose measures to improve it, which could be usable for speci-f cation of the conditions for the programming period 2014-2020. The paper f rst characterizes the system of support for projects co-f nanced by EU funds applied in the Czech Republic during the programming period 2007-2013. Next, it dis-cusses the outcomes of a questionnaire survey focused on the evaluation of project organizers’ satisfaction with the selected areas of applying for support and project implementation, and on the proposal of possible measures to improve both the system of making an application and project implementation. Finally, the paper spec-if es the measures to be taken to eliminate the problem areas in the system of support for proj-ects co-f nanced by EU funds.

  13. Preliminary results of the PREFER FP7 Project

    Science.gov (United States)

    Fusilli, Lorenzo; Laneve, Giovanni; De Bonis, Roberto; Sebastian, Ana; Ferrucci, Fabrizio; Oliveira, Sandra

    2014-05-01

    The need to improve the information and intelligence support for forest fire prevention is widely recognized. Fire prevention is still the most cost-effective strategy when compared to firefighting and extinguishing that are costly, local, and triggered only in response to already ongoing crises. PREFER project, funded under the EU FP7 (G.A. 312931), intends to contribute at responding to such a pragmatic need of southern Europe's forests by: providing timely information products based on the exploitation of all available spacecraft sensors, offering a portfolio of products focused on pre- and post-crisis forest fire emergency, suitable for the users in the different countries of the European Mediterranean area. The PREFER Service portfolio consists of two main services: 1. Information Support to Fire Preparedness/Prevention Phase" (ISP) Service 2. Information Support to Fire Recovery/Reconstruction Phase" (ISR) Service This service is already at an advanced stage having completed the first year of activity. During this time several products have been consolidated: seasonal fuel maps; daily and seasonal fire hazard maps; seasonal risk maps; prescribed fire maps. This paper aims at presenting the preliminary results of the research activity carried out in the framework of the PREFER project, focusing, in particular, on these recalled above. As for Fire Risk and Hazard assessment, many indexes have been developed in the last years. Hardly any of them uses data derived from satellite images. The FPI index is an exception to this rule which, in addition, makes use of meteorological data. In spite of being a very complete index, the FPI still allows room for improvement which justify the interest of PREFER in it. PREFER's innovative approach to FPI will allow taking into account the effect of solar illumination conditions in determining the humidity present in the dead vegetation, and therefore its proneness to burn. PREFER innovation also focus in allowing the index to

  14. Preliminary Report on Seaside Sparrow Population Genetics Project

    Data.gov (United States)

    US Fish and Wildlife Service, Department of the Interior — This is a preliminary report on a genetic variation study that was conducted at St. Vincent National Wildlife Refuge. Blood samples were taken from 57 Seaside...

  15. Guidebook to Geothermal Finance

    Energy Technology Data Exchange (ETDEWEB)

    Salmon, J. P.; Meurice, J.; Wobus, N.; Stern, F.; Duaime, M.

    2011-03-01

    This guidebook is intended to facilitate further investment in conventional geothermal projects in the United States. It includes a brief primer on geothermal technology and the most relevant policies related to geothermal project development. The trends in geothermal project finance are the focus of this tool, relying heavily on interviews with leaders in the field of geothermal project finance. Using the information provided, developers and investors may innovate in new ways, developing partnerships that match investors' risk tolerance with the capital requirements of geothermal projects in this dynamic and evolving marketplace.

  16. Managing Projects with the Public, -bringing Partnering, Contracts and Financing together in Building Public Services

    DEFF Research Database (Denmark)

    Koch, Christian

    2004-01-01

    of projects have had trouble to develop. The paper views PPP as an interaction between an emergent governance frame and operational activities in the project. PPP is an element of a networked public sector and the paper takes a network and political process approach to the shaping of PPP in Denmark....... It is analysed how the governance frame for these type of projects constituted a window of opportunity in the late nineties for “sale and lease back” arrangements, combined with partnering and more traditional design-build contracts. A case of a municipality renewing its school services, exploiting this window...... of opportunity shows that on the operational level the contractual, financial and skill basis for the project has to be mobilized, negotiated, partly stabilized and renegotiated. The participating actors thus have to develop a new set of skills in dealing with municipalities and managing operations in PPPs....

  17. Pilot Project to Optimize Superfund-financed Pump and Treat Systems: Summary Report and Lessons Learned

    Science.gov (United States)

    This report summarizes Phase II (site optimization) of the Nationwide Fund-lead Pump and Treat Optimization Project. This phase included conducting Remediation System Evaluations (RSEs) at each of the 20 sites selected in Phase I.

  18. New Arenas of Engagement at the Water Governance-Climate Finance Nexus? An Analysis of the Boom and Bust of Hydropower CDM Projects in Vietnam

    NARCIS (Netherlands)

    Smits, M.; Middleton, C.

    2014-01-01

    This article explores whether new arenas of engagement for water governance have been created and utilised following the implementation of the Clean Development Mechanism (CDM) in large hydropower projects in Vietnam. Initial optimism for climate finance – in particular amongst Northern aid

  19. Preliminary Characterization Results from the DebriSat Project

    Science.gov (United States)

    Rivero, M.; Shiotani, B.; Kleespies, J.; Toledo-Burdett, R.; Moraguez, M.; Carrasquila, M.; Fitz-Coy, N.; Liou, J.-C.; Sorge, M.; Huynh, T.

    2016-01-01

    The DebriSat project is a continuing effort sponsored by NASA and DoD to update existing break-up models using data obtained from two separate hypervelocity impact tests used to simulate on-orbit collisions. To protect the fragments resulting from the impact tests, "soft-catch" arenas made of polyurethane foam panels were utilized. After each impact test, the test chamber was cleaned and debris resulting from the catastrophic demise of the test article were collected and shipped to the University of Florida for post-impact processing. The post-impact processing activities include collecting, characterizing, and cataloging of the fragments. Since the impact tests, a team of students has been working to characterize the fragments in terms of their mass, size, shape, color and material content. The focus of the 20 months since the impact tests has been on the collection of 2 millimeters- and larger fragments resulting from impact test on the 56 kilogram-representative LEO (Low Earth Orbit) satellite referred to as DebriSat. To date we have recovered in excess of 115,000 fragments, 30,000 more than the prediction of 85,000 fragments from the existing model. We continue to collect fragments but have transitioned to the characterization phase of the post-impact activities. Since the start of the characterization phase, the focus has been to utilize automation to (i) expedite fragment characterization process and (ii) minimize human-in-the- loop. We have developed and implemented such automated processes; e.g., we have automated the data entry process to reduce operator errors during transcription of the measurement data. However, at all steps of the process, there is human oversight to ensure the integrity of the data. Additionally, we have developed and implemented repeatability and reproducibility tests to ensure that the instrumentation used in the characterization process is accurate and properly calibrated. In this paper, the implemented processes are described and

  20. Capital Finance Decisions for project managers - A reflection on current methods

    Directory of Open Access Journals (Sweden)

    C. Scheepers

    2003-12-01

    Full Text Available This paper evaluates some of current financial investment selection methodologies for capital projects. The proc ess (and criteria of capital investment decisions is reviewed. The capital budget for most organisations is prepared annually by a committee of senior managers who then present it for approval by the board of directors. Investment proposals are usually subjected to two financial tests, "payback" and "internal rate of return (IRR". The management committee usually decides on the tests and acceptance criteria vary according to the type of project. Some shortcomings of these most frequently used current tests (Payback & IRR are identified and it is recommended that the Net Present Value (NPV should be used as the primary method for analysing, comparing and selecting capital projects.

  1. A Tutorial Guide about How to Manage a Client-Financed Project

    Science.gov (United States)

    Clark, Gary L.; King, Michael E.; Jurn, Iksu

    2012-01-01

    Today's marketing instructors are faced with the challenge of improving their students' soft skills to prepare them for today's business environment. Numerous authors have noted that client-based/-sponsored projects help students improve the soft skills they need to succeed in the business community. This article provides detailed guidelines on…

  2. Identifying, Planning, and Financing Beneficial Use Projects Using Dredged Material: Beneficial Use Planning Manual

    Science.gov (United States)

    2007-10-01

    the website’s foundation by providing practical guidance for project sponsors (e.g., government agencies, port authorities, marinas , industries, and...parks provid- ing such amenities as swimming, picnicking, camping, or boating. 4. Agriculture, Forestry, Horticulture, and Aquaculture : using dredged...Development Beach Nourishment (offshore berms only) Parks and Recreation Agriculture, Forestry, Horticulture, and Aquaculture Strip-Mine Reclamation

  3. A Tutorial Guide about How to Manage a Client-Financed Project

    Science.gov (United States)

    Clark, Gary L.; King, Michael E.; Jurn, Iksu

    2012-01-01

    Today's marketing instructors are faced with the challenge of improving their students' soft skills to prepare them for today's business environment. Numerous authors have noted that client-based/-sponsored projects help students improve the soft skills they need to succeed in the business community. This article provides detailed guidelines on…

  4. Towards a private-public synergy in financing climate change mitigation projects

    NARCIS (Netherlands)

    Zhang, ZX; Maruyama, A

    2001-01-01

    Funding for greenhouse gas mitigation projects in developing countries is crucial for addressing the global climate change problem. By examining current climate change-related financial mechanisms and their limitations, this paper indicates that their roles are limited in affecting developing

  5. 76 FR 75542 - Porcupine Dam Hydropower Project; Notice of Preliminary Permit Application Accepted for Filing...

    Science.gov (United States)

    2011-12-02

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Porcupine Dam Hydropower Project; Notice of Preliminary Permit Application... Dam Hydropower Project to be located on the East Fork of the Little Bear River near the town of...

  6. 77 FR 4290 - Conway Ranch Hydropower Project; Notice of Preliminary Permit Application Accepted for Filing and...

    Science.gov (United States)

    2012-01-27

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Conway Ranch Hydropower Project; Notice of Preliminary Permit Application... the Federal Power Act (FPA), proposing to study the feasibility of the Conway Ranch Hydropower Project...

  7. The future of the health care financing in the aspect of projected demographic changes – selected problems

    OpenAIRE

    Mitek, Anna

    2014-01-01

    This article presents the health care system in Poland, in particular the organisation, principles of functioning and financing. The financial results of the Polish system have been compared against European countries, in order to analyze the effectiveness of the system. The analysis assumes that the Polish system is not enough financed and poorly adapted to the changing socio-economic trends. Results of the analysis confirm no sufficient health care financing in Poland. Some of changes are o...

  8. Financing is next step in Brazil-Bolivia natural gas project. [Economic costs and benefits of a new natural gas pipeline project

    Energy Technology Data Exchange (ETDEWEB)

    Cajueiro Costa, A.S. (Petroleo Brasileiro, Rio de Janeiro (Brazil))

    1993-11-01

    This paper reviews a new four billion dollar arrangement which would start a major gas network between Brazil and Bolivia. The proposed 2,200 mile long, 28 and 14 inch pipeline network would connect Bolivian reserves with the undeserved markets of southern Brazil. The paper briefly reviews the economic involvement and impacts on both countries and the current market for natural gas in Brazil. Because most of Brazil's energy is currently from hydroelectric power or petroleum, the new distribution network will have dramatic effects on industries which need this high-grade fuel source for operation. Financing of this project will be by Petrobras and 49 percent through stock options.

  9. Organizing and financing interstellar space projects - A bottom-up approach

    CERN Document Server

    Ceyssens, Frederik; Wouters, Kristof; Ceyssens, Pieter-Jan; Wen, Lianggong

    2011-01-01

    The development and deployment of interstellar missions will without doubt require orders of magnitude more resources than needed for current or past megaprojects (Apollo, Iter, LHC,...). Question is how enough resources for such gigaprojects can be found. In this contribution different scenarios will be explored assuming limited, moderate economic growth throughout the next centuries, i.e. without human population and productivity continuing to grow exponentially, and without extreme events such as economic collapse or singularity. In such a world, which is not unlike the current situation, gigascale space projects face a combination of inhibiting factors: the enormous cost threshold, the need for risky and costly development of often quite application specific technology, the relatively little benefit with respect to the costs for the sponsors, the time span of at least a few generations and the absence of a sense of urgency. It will be argued that the best chance of getting an interstellar project started ...

  10. A Financing Model to Solve Financial Barriers for Implementing Green Building Projects

    OpenAIRE

    Sanghyo Lee; Baekrae Lee; Juhyung Kim; Jaejun Kim

    2013-01-01

    Along with the growing interest in greenhouse gas reduction, the effect of greenhouse gas energy reduction from implementing green buildings is gaining attention. The government of the Republic of Korea has set green growth as its paradigm for national development, and there is a growing interest in energy saving for green buildings. However, green buildings may have financial barriers that have high initial construction costs and uncertainties about future project value. Under the circumstan...

  11. Preliminary identification of problem soils for infrastructure projects

    CSIR Research Space (South Africa)

    Paige-Green, P

    2008-11-01

    Full Text Available soils are those within the top 1.0m or 1.5m of the soil profile, a mechanism for evaluating these materials without preliminary filed work and testing would be invaluable. Since 1971, the Department of Agriculture has systematically mapped the soils...

  12. Preliminary assessment of potential CDM early start projects in Brazil

    Energy Technology Data Exchange (ETDEWEB)

    Meyers, S.; Sathaye, J.; Lehman, B.; Schumacher, K.; van Vliet, O.; Moreira, J.R.

    2000-11-01

    The Brazil/US Aspen Global Forum on Climate Change Policies and Programs has facilitated a dialogue between key Brazil and US public and private sector leaders on the subject of the Clean Development Mechanism (CDM). With support from the US government, a cooperative effort between Lawrence Berkeley National Laboratory and the University of Sao Paulo conducted an assessment of a number of projects put forth by Brazilian sponsors. Initially, we gathered information and conducted a screening assessment for ten projects in the energy sector and six projects in the forestry sector. Some of the projects appeared to offer greater potential to be attractive for CDM, or had better information available. We then conducted a more detailed assessment of 12 of these projects, and two other projects that were submitted after the initial screening. An important goal was to assess the potential impact of Certified Emission Reductions (CERs) on the financial performance of projects. With the exception of the two forestry-based fuel displacement projects, the impact of CERs on the internal rate of return (IRR) is fairly small. This is true for both the projects that displace grid electricity and those that displace local (diesel-based) electricity production. The relative effect of CERs is greater for projects whose IRR without CERs is low. CERs have a substantial effect on the IRR of the two short-rotation forestry energy substitution projects. One reason is that the biofuel displaces coke and oil, both of which are carbon-intensive. Another factor is that the product of these projects (charcoal and woodfuel, respectively) is relatively low value, so the revenue from carbon credits has a strong relative impact. CERs also have a substantial effect on the NPV of the carbon sequestration projects. Financial and other barriers pose a challenge for implementation of most of the projects. In most cases, the sponsor lacks sufficient capital, and loans are available only at high interest

  13. 77 FR 20382 - FFP Project 108, LLC; Notice of Preliminary Permit Application Accepted for Filing and Soliciting...

    Science.gov (United States)

    2012-04-04

    ... Energy Regulatory Commission FFP Project 108, LLC; Notice of Preliminary Permit Application Accepted for..., FFP Project 108, LLC, filed an application for a preliminary permit, pursuant to section 4(f) of the... mode as directed by the Corps. Applicant Contact: Ms. Ramya Swaminathan, FFP Project 108, LLC,...

  14. Mainstreaming Disaster Risk Management for Finance: Application of Real Options Method for Disaster Risk Sensitive Project

    Directory of Open Access Journals (Sweden)

    KUSDHIANTO SETIAWAN

    Full Text Available This paper discusses the application of real options analysis for a project that is in the process of construction and was affected by a natural disaster. The use of the analytical method has become a way of thinking in making decisions that should be taught to business school students. The case in this paper is based on an MBA thesis at the University of Gadjah Mada that was intended as a showcase for application of real options to address real business problems. It shows one of the strategies in mainstreaming disaster risk management in the business school that also answers the needs of businesses in the disaster-prone country.

  15. CONSIDERATIONS REGARDING THE INFLUENCE OF THE BASE LEADING RATE OVER INVESTMENT PROJECTS FINANCED BY EU FUNDS

    OpenAIRE

    Attila Tamas Szora; Iulian Bogdan Dobra

    2009-01-01

    The investment process is a complex economic process that implies risks. Allottingcapital resources in an investment project without using an adequate discount rate of the cashflows, which will take into account the evolution of the base leading rate of NBR (National Bank ofRomania), can lead to the total or partial loss of the invested capital by the European Union, byRomania’s government and by the applicants. There is a permanent concern from the experts tofind an adequate indicator to cal...

  16. FINANCIAL INDICATORS FOR THE ROMANIAN COMPANIES BETWEEN ELIGIBILITY AND BANKABILITY OF EU FINANCED PROJECTS

    OpenAIRE

    Droj Laurentiu

    2014-01-01

    The main goal of this research is to compare the eligibility indicators for accessing EU projects with the bankability indicators at the level of Romanian companies. This study was realized in a period when the term of bankability seems to be in the focus of the beneficiaries and management authorities for European funding, of the banking system and of the mass-media as well. This happens for the first time since the launch in 2007-2008 of the main structural EU funding programs focusing on t...

  17. Denmark's greenhouse gas projections until 2012, an update including a preliminary projection until 2017

    Energy Technology Data Exchange (ETDEWEB)

    Fenham, J. [Risoe National Lab., Roskilde (Denmark)

    2003-07-01

    This report presents the results of a project financed by the Danish Energy Agency. The purpose of the project is to make 'with measures' projections of the emissions from Danish sources of the greenhouse gases, CO{sub 2}, CH{sub 4}, N{sub 2}O, HFCs, PFCs and SF{sub 6}. The 'with measures' projection encompasses currently implemented and adopted policies and measures. The time period covered is from 1972, the first year detailed Danish energy statistics were produced, until the first commitment period (2008-2012) under the Kyoto Protocol to the Climate Convention. A preliminary projection is also made for the second commitment period (2013-2017), but here no projections are available for the agricultural sector and the emissions from this sector has therefore been kept equal to the emissions in the first commitment period. Estimations of HFCs, PFCs and SF{sub 6}-emissions and projections cover the period from 1993 until 2020. Only emissions caused by human activities are included in the calculations. However, it can sometimes be difficult to draw the borderline between emissions from nature and anthropogenic emissions. Due to small differences between the methodology used in this project and the methodology (CORINAIR) used by the National Environmental Research Institute for the purpose of annual reporting the estimated emissions presented for the period 1990-2000 may deviate from the official emission estimates report to the EU and the Climate Convention (UNFCCC). Therefore the GHG emission estimates presented in this report for the period until 2000 should only be seen as an illustration of the order of magnitude. This is also the case for the parts of the trend analyses, which are based on the historic data coming from this project. The description of the emissions in the report is structured according to the IPCC sectors: 1) Energy. 2) Industrial processes. 3) Agriculture. 4) Land use change and forestry. 5) Waste. The NMVOC emission from

  18. Discuss of Fiscal Investment and financing project assessment%浅谈财政投融资项目结算评审

    Institute of Scientific and Technical Information of China (English)

    官晖

    2012-01-01

    财政投融资项目评审是财政监督管理职能的重要部分,关系到财政资金的有效利用.本文从财政投融资的特点和评审原则入手,结合实际评审工作,提出结算评审的注意事项,探讨如何在工程结算评审中做得更好。%Fiscal Investment and financing project assessment is an important part of the financial supervision and management functions.Related to effective use of the financial funds.This article is to start from the characteristics and assessment principles of the Fiscal Investment and financing,combine the actual assessment,propose Four-point Note of settlement assessment,discuss to do a better job in the assessment of project settlement.

  19. Consumer Finance

    OpenAIRE

    Peter Tufano

    2009-01-01

    Although consumer finance is a substantial element of the economy, it has had a smaller footprint within financial economics. In this review, I suggest a functional definition of the subfield of consumer finance, focusing on four key functions: payments, risk management, moving funds from today to tomorrow (saving/investing), and from tomorrow to today (borrowing). I provide data showing the economic importance of consumer finance in the American economy. I propose a historical explanation fo...

  20. SNF sludge treatment system preliminary project execution plan

    Energy Technology Data Exchange (ETDEWEB)

    Flament, T.A.

    1998-03-03

    The Fluor Daniel Hanford, Inc. (FDH) Project Director for the Spent Nuclear Fuel (SNF) Project has requested Numatec Hanford Company (NHC) to define how Hanford would manage a new subproject to provide a process system to receive and chemically treat radioactive sludge currently stored in the 100 K Area fuel retention basins. The subproject, named the Sludge Treatment System (STS) Subproject, provides and operates facilities and equipment to chemically process K Basin sludge to meet Tank Waste Remediation System (TWRS) requirements. This document sets forth the NHC management approach for the STS Subproject and will comply with the requirements of the SNF Project Management Plan (HNF-SD-SNFPMP-011). This version of this document is intended to apply to the initial phase of the subproject and to evolve through subsequent revision to include all design, fabrication, and construction conducted on the project and the necessary management and engineering functions within the scope of the subproject. As Project Manager, NHC will perform those activities necessary to complete the STS Subproject within approved cost and schedule baselines and turn over to FDH facilities, systems, and documentation necessary for operation of the STS.

  1. Distributed Processing of Projections of Large Datasets: A Preliminary Study

    Science.gov (United States)

    Maddox, Brian G.

    2004-01-01

    Modern information needs have resulted in very large amounts of data being used in geographic information systems. Problems arise when trying to project these data in a reasonable amount of time and accuracy, however. Current single-threaded methods can suffer from two problems: fast projection with poor accuracy, or accurate projection with long processing time. A possible solution may be to combine accurate interpolation methods and distributed processing algorithms to quickly and accurately convert digital geospatial data between coordinate systems. Modern technology has made it possible to construct systems, such as Beowulf clusters, for a low cost and provide access to supercomputer-class technology. Combining these techniques may result in the ability to use large amounts of geographic data in time-critical situations.

  2. Kemper County IGCC (tm) Project Preliminary Public Design Report

    Energy Technology Data Exchange (ETDEWEB)

    Nelson, Matt; Rush, Randall; Madden, Diane; Pinkston, Tim; Lunsford, Landon

    2012-07-01

    The Kemper County IGCC Project is an advanced coal technology project that is being developed by Mississippi Power Company (MPC). The project is a lignite-fueled 2-on-1 Integrated Gasification Combined-Cycle (IGCC) facility incorporating the air-blown Transport Integrated Gasification (TRIG™) technology jointly developed by Southern Company; Kellogg, Brown, and Root (KBR); and the United States Department of Energy (DOE) at the Power Systems Development Facility (PSDF) in Wilsonville, Alabama. The estimated nameplate capacity of the plant will be 830 MW with a peak net output capability of 582 MW. As a result of advanced emissions control equipment, the facility will produce marketable byproducts of ammonia, sulfuric acid, and carbon dioxide. 65 percent of the carbon dioxide (CO{sub 2}) will be captured and used for enhanced oil recovery (EOR), making the Kemper County facility’s carbon emissions comparable to those of a natural-gas-fired combined cycle power plant. The commercial operation date (COD) of the Kemper County IGCC plant will be May 2014. This report describes the basic design and function of the plant as determined at the end of the Front End Engineering Design (FEED) phase of the project.

  3. 77 FR 60420 - FFP Project 66 LLC; Notice of Preliminary Permit Application Accepted for Filing and Soliciting...

    Science.gov (United States)

    2012-10-03

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission FFP Project 66 LLC; Notice of Preliminary Permit Application Accepted for..., FFP Project 66, LLC filed an application for a preliminary permit, pursuant to section 4(f) of...

  4. 77 FR 60421 - FFP Project 67 LLC; Notice of Preliminary Permit Application Accepted For Filing and Soliciting...

    Science.gov (United States)

    2012-10-03

    ... From the Federal Register Online via the Government Publishing Office ] DEPARTMENT OF ENERGY Federal Energy Regulatory Commission FFP Project 67 LLC; Notice of Preliminary Permit Application Accepted..., 2012, FFP Project 67, LLC filed an application for a preliminary permit, pursuant to section 4(f)...

  5. 77 FR 60423 - FFP Project 71 LLC; Notice of Preliminary Permit Application Accepted For Filing and Soliciting...

    Science.gov (United States)

    2012-10-03

    ... From the Federal Register Online via the Government Publishing Office ] DEPARTMENT OF ENERGY Federal Energy Regulatory Commission FFP Project 71 LLC; Notice of Preliminary Permit Application Accepted..., 2012, FFP Project 71, LLC filed an application for a preliminary permit, pursuant to section 4(f)...

  6. 77 FR 60421 - FFP Project 68 LLC; Notice of Preliminary Permit Application Accepted for Filing and Soliciting...

    Science.gov (United States)

    2012-10-03

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission FFP Project 68 LLC; Notice of Preliminary Permit Application Accepted for..., FFP Project 68, LLC filed an application for a preliminary permit, pursuant to section 4(f) of...

  7. 77 FR 60423 - FFP Project 72 LLC; Notice of Preliminary Permit Application Accepted for Filing and Soliciting...

    Science.gov (United States)

    2012-10-03

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission FFP Project 72 LLC; Notice of Preliminary Permit Application Accepted for..., FFP Project 72, LLC filed an application for a preliminary permit, pursuant to section 4(f) of...

  8. 77 FR 60422 - FFP Project 63 LLC; Notice of Preliminary Permit Application Accepted for Filing and Soliciting...

    Science.gov (United States)

    2012-10-03

    ... From the Federal Register Online via the Government Publishing Office ] DEPARTMENT OF ENERGY Federal Energy Regulatory Commission FFP Project 63 LLC; Notice of Preliminary Permit Application Accepted..., 2012, FFP Project 63, LLC filed an application for a preliminary permit, pursuant to section 4(f)...

  9. 77 FR 60422 - FFP Project 69 LLC; Notice of Preliminary Permit Application Accepted for Filing and Soliciting...

    Science.gov (United States)

    2012-10-03

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission FFP Project 69 LLC; Notice of Preliminary Permit Application Accepted for..., FFP Project 69, LLC filed an application for a preliminary permit, pursuant to section 4(f) of...

  10. Terms and conditions for Diesel Emissions Reduction Act Smartway financing projects where an eligible nonprofit grantee is implementing a loan program and loan Recipients will use the loan funds for activities that trigger Davis Bacon

    Science.gov (United States)

    Use this T&C for DERA Smartway financing projects where an eligible nonprofit grantee is implementing a loan program and loan Recipients will use the loan funds for activities that trigger Davis Bacon.

  11. Behavioral finance

    Directory of Open Access Journals (Sweden)

    Kapor Predrag

    2014-01-01

    Full Text Available This paper discuss some general principles of behavioral finance Behavioral finance is the dynamic and promising field of research that mergers concepts from financial economics and cognitive psychology in attempt to better understand systematic biases in decision-making process of financial agents. While the standard academic finance emphasizes theories such as modern portfolio theory and the efficient market hypothesis, the behavioral finance investigates the psychological and sociological issues that impact the decision-making process of individuals, groups and organizations. Most of the research behind behavioral finance has been empirical in nature, concentrating on what people do and why. The research has shown that people do not always act rationally, nor they fully utilise all information available to them.

  12. Preliminary Design Report for the Yakima/Klickitat Production Project; Executive Summary.

    Energy Technology Data Exchange (ETDEWEB)

    US Bonneville Power Administration.

    1990-03-01

    A master plan for the Yakima/Klickitat Production Project (YKPP) was developed by the Northwest Power Planning Council (Council) on October 15, 1987, as a reasonable basis upon which the Bonneville Power Administration (BPA) could proceed to fund predesign work on the project. The Council approved the predesign work on the condition that eight preliminary tasks were completed. These tasks are: Agreement on a refined statement of project goals. Completion of a technical analysis of water supplies. Completion of an experimental design plan. Development of a harvest management plan. Assessment of potential genetic risks. Project coordination with all other affected parties. Submission of a preliminary design report to the Council. Develop a project management structure. The preliminary design report summarizes the work completed on these tasks. It provides a description of the preliminary design, engineering, and construction phases of project development, and gives an estimate of project costs. Also included is a description of other studies that were conducted to support YKPP planning. The results of studies conducted during the last 30 months indicate that hatchery facilities can be built in the Yakima and Klickitat subbasins to provide harvest benefits and to supplement natural production. Planning for the Yakima subbasin is at a more advanced stage of development than for the Klickitat subbasin because of greater availability of basic resource information. The information needed to proceed with final design and construction for the Klickitat subbasin will be available by 1992, as ongoing predesign work continues. This schedule is consistent with the anticipated phased completion of the YKPP by 1997.

  13. Mountaineer Commercial Scale Carbon Capture and Storage Project Topical Report: Preliminary Public Design Report

    Energy Technology Data Exchange (ETDEWEB)

    Guy Cerimele

    2011-09-30

    This Preliminary Public Design Report consolidates for public use nonproprietary design information on the Mountaineer Commercial Scale Carbon Capture & Storage project. The report is based on the preliminary design information developed during the Phase I - Project Definition Phase, spanning the time period of February 1, 2010 through September 30, 2011. The report includes descriptions and/or discussions for: (1) DOE's Clean Coal Power Initiative, overall project & Phase I objectives, and the historical evolution of DOE and American Electric Power (AEP) sponsored projects leading to the current project; (2) Alstom's Chilled Ammonia Process (CAP) carbon capture retrofit technology and the carbon storage and monitoring system; (3) AEP's retrofit approach in terms of plant operational and integration philosophy; (4) The process island equipment and balance of plant systems for the CAP technology; (5) The carbon storage system, addressing injection wells, monitoring wells, system monitoring and controls logic philosophy; (6) Overall project estimate that includes the overnight cost estimate, cost escalation for future year expenditures, and major project risks that factored into the development of the risk based contingency; and (7) AEP's decision to suspend further work on the project at the end of Phase I, notwithstanding its assessment that the Alstom CAP technology is ready for commercial demonstration at the intended scale.

  14. The HCV Synthesis Project: Scope, methodology, and preliminary results

    Directory of Open Access Journals (Sweden)

    Scheinmann Roberta

    2008-09-01

    Full Text Available Abstract Background The hepatitis C virus (HCV is hyper-endemic in injecting drug users. There is also excess HCV among non-injection drug users who smoke, snort, or sniff heroin, cocaine, crack, or methamphetamine. Methods To summarize the research literature on HCV in drug users and identify gaps in knowledge, we conducted a synthesis of the relevant research carried out between 1989 and 2006. Using rigorous search methods, we identified and extracted data from published and unpublished reports of HCV among drug users. We designed a quality assurance system to ensure accuracy and consistency in all phases of the project. We also created a set of items to assess study design quality in each of the reports we included. Results We identified 629 reports containing HCV prevalence rates, incidence rates and/or genotype distribution among injecting or non-injecting drug user populations published between January 1989 and December 2006. The majority of reports were from Western Europe (41%, North America (26%, Asia (11% and Australia/New Zealand (10%. We also identified reports from Eastern Europe, South America, the Middle East, and the Caribbean. The number of publications reporting HCV rates in drug users increased dramatically between 1989 and 2006 to 27–52 reports per year after 1998. Conclusion The data collection and quality assurance phases of the HCV Synthesis Project have been completed. Recommendations for future research on HCV in drug users have come out of our data collection phase. Future research reports can enhance their contributions to our understanding of HCV etiology by clearly defining their drug user participants with respect to type of drug and route of administration. Further, the use of standard reporting methods for risk factors would enable data to be combined across a larger set of studies; this is especially important for HCV seroconversion studies which suffer from small sample sizes and low power to examine risk

  15. Crowdfunding for the co-financing of projects to enhance complexes of great historical and architectural value: the case of Torino Esposizioni - pdf

    Directory of Open Access Journals (Sweden)

    Paola Marinò

    2015-06-01

    Full Text Available This article deals with the financing required to restore and reuse the great architecture of the 1900s, in a time in history when public financial resources are becoming increasingly low and difficult to find. The research addresses the possibility of using crowdfunding through the case study of the reuse project of Torino Esposizioni, an architectural work from the '900, partially used, in a state of decay, despite being recognized by international critics as a work of exceptional value. After the Master Plan had been developed by the Turin Polytechnic in collaboration with the City of Turin, the applicability of crowdfunding was analyzed by a survey to evaluate the willingness of the potential users to contribute to the Torino Esposizioni reuse project. In addition to this, the interest of citizens in the historical value of the Torino Esposizioni and the reuse project that would enhance it has been understood. The survey results have highlighted unexpected unwillingness to contribute to the collective funding of the project. Furthermore, they have revealed not only the lack of knowledge of crowdfunding as a means of financing, but also the lack of awareness of the value of Turin’s historical and modern architectural heritage, of which Torino Esposizioni is an outstanding example, although not the only one.

  16. 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...

  17. Preliminary findings from the Oranga Niho dental student outplacement project.

    Science.gov (United States)

    Anderson, V R; Rapana, S T; Broughton, J R; Seymour, G J; Rich, A M

    2015-03-01

    To examine stakeholder perspectives of the Bachelor of Dental Surgery 2012-2013 clinical outplacement programme with Māori Oral Health Providers (MOHPs) and inform the programme's ongoing development. A mixed methods kaupapa Māori action research project. Six North Island MOHPs and the University of Otago Faculty of Dentistry. Online questionnaires were used to conduct a pre- and post-outplacement survey of dental students and a twice-yearly survey of all MOHP-based clinical supervisors. Paper questionnaires were used to survey adult clients and caregivers of child clients that the students treated. Data were analysed descriptively and thematically. 68 (61%) of the 112 eligible students completed the pre- and post-outplacement questionnaires; 31 clinical supervisor questionnaire responses were received representing all six MOHPs; and 426 client and 130 caregiver questionnaire responses were received from five MOHPs. 79% of students felt well prepared for outplacement and 75% indicated that they would consider working for a MOHP in future. Of the clinical supervisors, 93% indicated that the students were adequately prepared for outplacement, and 68%, that they would recommend one or more students for employment. However, 58% associated the outplacements with decreased productivity. More than 97% of adult clients and caregivers of child clients were pleased with the care that the students provided. Recommendations for strengthening the outplacement programme included: increasing communication between the Faculty, MOHPs and students; addressing the financial cost of the programme to the MOHPs; and providing more support for clinical supervisors.

  18. Farm Fuel Alcohol Project: preliminary report on facility design

    Energy Technology Data Exchange (ETDEWEB)

    Pile, R S; Badger, P C; Roetheli, J C; Waddell, Jr, E L

    1979-09-01

    This report describes the design of a farm-based ethanol production system to be built by TVA at Muscle Shoals, Alabama. This facility will include cooking, fermentation, and distillation equipment to allow production of 8000 to 12,000 gallons of fuel ethanol during a three to four month period each year. Output will be about 10 gallons of 190-proof ethanol per hour. Present components are sized to allow 12 to 14 hour daily operation as a semi-continuous batch system. Intent of the project is to document equipment and energy requirements, ethanol yields, and feasibility of small farm-based ethanol plants for farm fuel self-sufficiency. Cooking and fermentation will be batch-type operations, and packed distillation columns will be used for separating ethanol from the fermented beer. Energy recovery and waste heat use are integrated when feasible. The fermented beer will be fed directly to the distillation columns without separation of solids. Although this is an area of concern, an economical method of separation could not be identified.

  19. New construction of the Kelchbach hydropower installation - Preliminary project; Vorprojekt Neubau Kraftwerk Kelchbach. Programm Kleinwasserkraftwerke - Schlussbericht

    Energy Technology Data Exchange (ETDEWEB)

    Kalbermatten, J.

    2009-09-15

    This final report for the Swiss Federal Office of Energy (SFOE) describes the preliminary project for the new construction of a small hydropower installation on the Kelchbach stream in Naters, Switzerland. After a pressure-pipe rupture, the old, over 100 year-old installation was closed down. The replacement installation is planned to increase power production. The works necessary for the realisation of this hydropower project are described and discussed. Several older studies on the replacement of the installation are listed. Three variants are presented and discussed as are hydrological data on the project. Cost estimates are presented and discussed. Estimates of energy production are also presented and discussed, as is the economic viability of the project. Environmental aspects of the project are also examined.

  20. Basic Issues in the Governmental Financing of Public Library Services. Commissioned Paper Project, Teachers College, No. 1.

    Science.gov (United States)

    Lane, Rodney P.

    The present public library financing system is described and assessed, and the key issues for consideration in either reaffirming its continued use or in the development of new approaches are delineated. Special emphasis is given to illuminating those issues and factors affecting metropolitan areas--both core city and suburban fringes. The…

  1. Issues and Challenges in Financing Professional Development in Education.

    Science.gov (United States)

    Cohen, Carol E.

    In 2000, the Finance Project received a planning grant to launch a new initiative on financing professional development in education. This report reflects and summarizes what the Finance Project learned during the planning year about both traditional systems of professional development and reform efforts and how they are financed, focusing on…

  2. The developmental impact of the financed environmental projects of the development bank of the Philippines in the promotion of equity and sustainable development.

    Science.gov (United States)

    Lucero, Noli B

    2008-10-01

    The Development Bank of the Philippines (DBP), the first Philippine bank to be ISO 140001 certified, plays a vital role in promoting environmental protection, health, and safety. It continues to play a proactive role in integrating environmental investments into development projects. In order to show its commitment to environmental protection and sustainable development, DBP integrates and implements environmental considerations into all aspects of its operations and services, assets management, and business decisions. It has instituted various credit programs that support the adoption of environmental technologies and continues to provide credit support to environment-friendly industrial operations; this is one of its major thrusts. The environmental credit programs are geared toward the promotion of the protection and enhancement of the quality of the environment. The objective of this research study was to determine the developmental impact of the DBP financed environmental projects in attaining sustainable development. It specifically identifies the number and amount of loan exposures on the different projects financed and the environmental benefits for the period January 2005 to December 2006.

  3. Modelled and Observed Diurnal SST Signals: "SSTDV:R.EX.-IM.A.M." Project Preliminary Results

    DEFF Research Database (Denmark)

    Karagali, Ioanna; Høyer, Jacob; LeBorgne, Pierre

    2013-01-01

    This study presents some of the preliminary results from the ESA Support To Science Element (STSE) funded project on the Diurnal Variability of the Sea Surface Temperature, regarding its Regional Extend and Implications in Atmospheric Modelling (SSTDV:R.EX.–IM.A.M.). During this phase...... of the project, the focus is on the regional extend of diurnal variability. Particularly, extensive sensitivity tests regarding the definition of SSTfound fields show that using only quality 5 SEVIRI data results in warmer foundation fields SSTfound while there is an added ∼0.2 K variability when using multi...... Ocean Turbulence Model (GOTM) is applied. Preliminary results show that the initial temperature profiles may give a warmer start-up in the model while the light extinction scheme is a controlling factor for the amplitude and vertical extend of the daily signal....

  4. SLUDGE TREATMENT PROJECT ENGINEERED CONTAINER RETRIEVAL AND TRANSFER SYSTEM PRELIMINARY DESIGN HAZARD ANALYSIS SUPPLEMENT 1

    Energy Technology Data Exchange (ETDEWEB)

    FRANZ GR; MEICHLE RH

    2011-07-18

    This 'What/If' Hazards Analysis addresses hazards affecting the Sludge Treatment Project Engineered Container Retrieval and Transfer System (ECRTS) NPH and external events at the preliminary design stage. In addition, the hazards of the operation sequence steps for the mechanical handling operations in preparation of Sludge Transport and Storage Container (STSC), disconnect STSC and prepare STSC and Sludge Transport System (STS) for shipping are addressed.

  5. 76 FR 48853 - FFP Project 70, LLC; Notice of Preliminary Permit Application Accepted for Filing and Soliciting...

    Science.gov (United States)

    2011-08-09

    ... From the Federal Register Online via the Government Publishing Office ] DEPARTMENT OF ENERGY Federal Energy Regulatory Commission FFP Project 70, LLC; Notice of Preliminary Permit Application Accepted for Filing and Soliciting Comments, Motions To Intervene, and Competing Applications On May...

  6. Financing Investment

    DEFF Research Database (Denmark)

    Hirth, Stefan; Flor, Christian Riis

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

  7. Quantum Finance

    Science.gov (United States)

    Baaquie, Belal E.

    2007-09-01

    Foreword; Preface; Acknowledgements; 1. Synopsis; Part I. Fundamental Concepts of Finance: 2. Introduction to finance; 3. Derivative securities; Part II. Systems with Finite Number of Degrees of Freedom: 4. Hamiltonians and stock options; 5. Path integrals and stock options; 6. Stochastic interest rates' Hamiltonians and path integrals; Part III. Quantum Field Theory of Interest Rates Models: 7. Quantum field theory of forward interest rates; 8. Empirical forward interest rates and field theory models; 9. Field theory of Treasury Bonds' derivatives and hedging; 10. Field theory Hamiltonian of forward interest rates; 11. Conclusions; Appendix A: mathematical background; Brief glossary of financial terms; Brief glossary of physics terms; List of main symbols; References; Index.

  8. The Preliminary Discussion on the Statistical Framework of the Inclusive Finance%包容性金融统计框架初探

    Institute of Scientific and Technical Information of China (English)

    余晓芳

    2015-01-01

    包容性金融已成为我国金融业务发展的一个重要目标,为实现金融业的包容性增长,应在目前的金融统计体系下建立包容性金融统计框架,量化反映包容性金融发展状况,为包容性金融发展状况的评估提供数据支撑,同时,也为包容性金融发展政策的制定和实施提供信息依据。本文厘清了包容性金融及包容性金融统计等概念,并从统计内容、指标体系和统计方式三方面分析包容性金融统计框架内容,提出构建包容性金融统计框架的建议。%The inclusive finance has become an important goal of the development of the financial business in China. To achieve the inclusive growth of the financial industry, the statistical framework of the inclusive finance should be established under the current financial statistics system to quantitatively reflect the development situation of the inclusive finance, provide data support for the as-sessment of the development situation of the inclusive finance and provide the information basis for formulating and implementing policies on the development of the inclusive finance as well. The paper clarifies the concepts such as the inclusive finance and inclu-sive financial statistics, analyzes the content of the statistical framework of the inclusive finance from three aspects such as the statisti-cal content, index system and statistical way, and puts forward suggestions on constructing the statistical framework of the inclusive fi-nance.

  9. Grassroots financing; Graswurzel-Finanzierung

    Energy Technology Data Exchange (ETDEWEB)

    Hannen, Petra

    2013-05-01

    The idea of a common financing of a photovoltaic project is not new. It is new that interested parties no longer have to meet in community centers or clubhouses, but that a virtual meeting place is sufficient. Crowd funding projects on the world-wide web bring together solar projects and investors.

  10. Sustainable finance

    NARCIS (Netherlands)

    dr. Margreet F. Boersma-de Jong

    2012-01-01

    Presentation for Springschool of Strategy, University of Groningen, 10 October 2012. The role of CSR is to stimulate ethical behaviour, and as a result, mutual trust in society. Advantage of CSR for the company and the evolution of CSR. From CSR to Sustainable Finance: how does CSR influence

  11. Computational Finance

    DEFF Research Database (Denmark)

    Rasmussen, Lykke

    One of the major challenges in todays post-crisis finance environment is calculating the sensitivities of complex products for hedging and risk management. Historically, these derivatives have been determined using bump-and-revalue, but due to the increasing magnitude of these computations does...

  12. Computational Finance

    DEFF Research Database (Denmark)

    Rasmussen, Lykke

    One of the major challenges in todays post-crisis finance environment is calculating the sensitivities of complex products for hedging and risk management. Historically, these derivatives have been determined using bump-and-revalue, but due to the increasing magnitude of these computations does...

  13. Sustainable finance

    NARCIS (Netherlands)

    Boersma-de Jong, Margreet F.

    2012-01-01

    Presentation for Springschool of Strategy, University of Groningen, 10 October 2012. The role of CSR is to stimulate ethical behaviour, and as a result, mutual trust in society. Advantage of CSR for the company and the evolution of CSR. From CSR to Sustainable Finance: how does CSR influence Sustai

  14. Immigration, health and diversity management: Preliminary developments of a project in neighborhoods of Catalonia

    Directory of Open Access Journals (Sweden)

    Dan Rodríguez-García

    2007-09-01

    Full Text Available This article presents an ongoing research project on immigration, health, and socio-cultural diversity , and offers preliminary information on the theoretical and socio-demographic context of this investigation. The objective of the project, funded by the Department of Health of the Autonomous Government of Catalonia, Spain, is to analyse the socioeconomic and cultural factors involved in health and the access to the formal health system of a few major migrant communities and ethnic minorities living in high-priority neighbourhoods in Catalonia. The results of this project, which will come fundamentally from ethnographic research, aim to give suggestions for improving health conditions for the population and to provide to those professionals working in the public health care system with some conceptual and practical tools for improving intercultural communication between themselves and their patients, as well as for detecting, preventing, and resolving problems in everyday practice.

  15. 78 FR 33757 - Rural Determination and Financing Percentage

    Science.gov (United States)

    2013-06-05

    ... finance where the project supplies electricity to an electric utility serving an area that is less than... funds to finance the construction and improvement of electric projects in rural areas, including... Percentage. It has been the Agency's practice to finance only that percentage of a project cost that equates...

  16. 75 FR 65197 - Use of Public Housing Capital Funds for Financing Activities

    Science.gov (United States)

    2010-10-21

    .... 905.705(c)(5) (final Sec. 905.505(c)(4)) has been modified for CFFP use with a mixed-finance project...-finance projects. PHAs that pursue mixed- finance projects have both HUD and investor reporting... preamble. However, for non-mixed-finance projects, quarterly reporting is still necessary. Unlike Capital...

  17. 24 CFR 266.100 - Qualified housing finance agency (HFA).

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 2 2010-04-01 2010-04-01 false Qualified housing finance agency... AUTHORITIES HOUSING FINANCE AGENCY RISK-SHARING PROGRAM FOR INSURED AFFORDABLE MULTIFAMILY PROJECT LOANS Housing Finance Agency Requirements § 266.100 Qualified housing finance agency (HFA). (a)...

  18. 78 FR 34092 - Lock+ Hydro Friends Fund XXX, LLC; FFP Project 121, LLC; Notice of Competing Preliminary Permit...

    Science.gov (United States)

    2013-06-06

    ... Energy Regulatory Commission Lock+ Hydro Friends Fund XXX, LLC; FFP Project 121, LLC; Notice of Competing... Competing Applications Lock+ Hydro Friends Fund XXX, LLC and FFP Project 121, LLC filed preliminary permit... 8:30 a.m. on the next regular business day. See id. at 385.2001(a)(2). Lock+ Hydro Friends Fund...

  19. EUBerry: Competitiveness and marketing strategies of sustainable berries validated for improved health benefits - Introduction to the project and preliminary results

    NARCIS (Netherlands)

    Groot, M.J.; Roelofs, P.F.M.M.; Kaim, E.; Sijtsema, S.J.; Zimmermann, K.L.; Zmarlicki, K.

    2014-01-01

    The EUBerry project is not only building on technical research but also studies berry production and consumption from a social sciences perspective. This paper aims to describe the approach used in the EUBerry project about business economics as well as marketing. In addition some preliminary

  20. Household Finance

    OpenAIRE

    Campbell, John

    2006-01-01

    The welfare benefits of financial markets depend in large part on how effectively households use these markets. The study of household finance is challenging because household behavior is difficult to measure accurately, and because households face constraints that are not captured by textbook models, including fixed costs, uninsurable income risk, borrowing constraints, and contracts that are non-neutral with respect to inflation. Evidence on participation, diversification, and the exercise ...

  1. 建筑节能服务企业项目融资结构优化动态分析与架构%Analysis and Framework on Financing Structure Optimization of Energy Service Company Project

    Institute of Scientific and Technical Information of China (English)

    张宝震; 郭汉丁

    2015-01-01

    The financing structure optimization of ESCO project is an effective way to improve the finance efficiency of company project. The paper summarizes the foreign new financing structure theory from four aspects :pecking order theory ,agency cost theory ,financial contract theory ,sig‐nal theory ;The new trend of project financing structure of domestic is discussed from project governance ,systems analysis ,financing income. Fi‐nally ,Based on economic characteristics and research status of ESCO under energy performance contracting ,it puts forward the research frame‐work of financing structure optimization of ESCO project.%建筑节能服务企业项目融资结构优化是提高企业项目融资效率的有效途径。从优序融资理论、代理成本理论、财务契约理论、信号理论四个方面梳理了新融资结构理论;从项目治理、系统分析、融资收益三个视角探讨了我国项目融资结构研究动态。基于合同能源管理运行机制下建筑节能服务企业的经济特征和研究现状,提出了建筑节能服务企业项目融资结构优化研究架构。

  2. Physical activity in solid organ transplant recipients: organizational aspects and preliminary results of the Italian project.

    Science.gov (United States)

    Roi, G S; Stefoni, S; Mosconi, G; Brugin, E; Burra, P; Ermolao, A; Granito, M; Macini, P; Mastrosimone, S; Nacchia, F; Pegoraro, C; Rigotti, P; Sella, G; Sgarzi, S; Tamè, M R; Totti, V; Trerotola, M; Tripi, F; Nanni Costa, A

    2014-09-01

    Most of the difficulties when trying to realize the proposal to prescribe physical activity for transplantation patients come from patient attitudes and cultural beliefs that ignore the benefits of exercise, but there also are organizational aspects arising from the difficulties that these patients face in accessing supervised exercise facilities. To address these difficulties, the Italian study project "Transplant … and Now Sport" was developed based on a model of cooperation among transplantation specialists, sports physicians, and exercise specialists organized as a team combining their specific skills to effectively actuate the physical exercise programs. This preliminary report is based on 26 patients (16 male, 10 female; 47.8±10.0 years old; 21 kidney and 5 liver transplantations; time from transplantation 2.3±1.4 years) who performed prescribed and supervised exercises consisting of 3 sessions per week of aerobic and strengthening exercises for 1 year. Preliminary results show a significant decrease in body mass index (t=1.966; PSocial Functioning, and Role Emotional scale scores showed a significant improvement (P<.05). Preliminary results of the study protocol "Transplant…and Now Sport" show the positive effects of the model based on cooperation among transplantation centers, sports medicine centers, and gyms in the administration of a supervised exercise prescription. These data should be considered a contribution to developing and promoting further detailed exercise protocols and to fostering improved posttransplantation health and survival, helping to ensure that physical activity becomes a safe routine medical treatment plan of patient management.

  3. SolarOil Project, Phase I preliminary design report. [Solar Thermal Enhanced Oil Recovery project

    Energy Technology Data Exchange (ETDEWEB)

    Baccaglini, G.; Bass, J.; Neill, J.; Nicolayeff, V.; Openshaw, F.

    1980-03-01

    The preliminary design of the Solar Thermal Enhanced Oil Recovery (SolarOil) Plant is described in this document. This plant is designed to demonstrate that using solar thermal energy is technically feasible and economically viable in enhanced oil recovery (EOR). The SolarOil Plant uses the fixed mirror solar concentrator (FMSC) to heat high thermal capacity oil (MCS-2046) to 322/sup 0/C (611/sup 0/F). The hot fluid is pumped from a hot oil storage tank (20 min capacity) through a once-through steam generator which produces 4.8 MPa (700 psi) steam at 80% quality. The plant net output, averaged over 24 hr/day for 365 days/yr, is equivalent to that of a 2.4 MW (8.33 x 10/sup 6/ Btu/hr) oil-fired steam generator having an 86% availability. The net plant efficiency is 57.3% at equinox noon, a 30%/yr average. The plant will be demonstrated at an oilfield site near Oildale, California.

  4. Preliminary safety evaluation for 241-C-106 waste retrieval, project W-320

    Energy Technology Data Exchange (ETDEWEB)

    Conner, J.C.

    1994-10-18

    This document presents the Preliminary Safety Evaluation for Project W-320, Tank 241-C-106 Waste Retrieval Sluicing System (WRSS). The US DOE has been mandated to develop plans for response to safety issues associated with the waste storage tanks at the Hanford Site, and to report the progress of implementing those plans to Congress. The objectives of Project W-230 are to design, fabricate, develop, test, and operate a new retrieval system capable of removing a minimum of about 75% of the high-heat waste contained in C-106. It is anticipated that sluicing operations can remove enough waste to reduce the remaining radiogenic heat load to levels low enough to resolve the high-heat safety issue as well as allow closure of the tank safety issue.

  5. Risk Analysis of Telecom Enterprise Financing

    Institute of Scientific and Technical Information of China (English)

    YU Hua; SHU Hua-ying

    2005-01-01

    The main research objects in this paper are the causes searching and risk estimating method for telecom enterprises' financial risks. The multi-mode financing for telecom enterprises makes it flexible to induce the capital and obtain the profit by corresponding projects. But there are also potential risks going with these financing modes. After making analysis of categories and causes of telecom enterprises' financing risk, a method by Analytic Hierarchy Process (AHP) is put forward to estimating the financing risk. And the author makes her suggestion and opinion by example analysis, in order to provide some ideas and basis for telecom enterprise's financing decision-making.

  6. Water Infrastructure Finance and Innovation Act

    Science.gov (United States)

    How WIFIA works, program implementation, program guidance, how potential recipients can obtain funding, and project eligibility. WIFIA works with State Revolving Funds to provide subsidized financing for large dollar-value projects.

  7. Climate Change Impact on Hydrological Extremes: Preliminary Results from the Polish-Norwegian Project

    Science.gov (United States)

    Romanowicz, Renata J.; Bogdanowicz, Ewa; Debele, Sisay E.; Doroszkiewicz, Joanna; Hisdal, Hege; Lawrence, Deborah; Meresa, Hadush K.; Napiórkowski, Jarosław J.; Osuch, Marzena; Strupczewski, Witold G.; Wilson, Donna; Wong, Wai Kwok

    2016-04-01

    This paper presents the background, objectives, and preliminary outcomes from the first year of activities of the Polish-Norwegian project CHIHE (Climate Change Impact on Hydrological Extremes). The project aims to estimate the influence of climate changes on extreme river flows (low and high) and to evaluate the impact on the frequency of occurrence of hydrological extremes. Eight "twinned" catchments in Poland and Norway serve as case studies. We present the procedures of the catchment selection applied in Norway and Poland and a database consisting of near-natural ten Polish and eight Norwegian catchments constructed for the purpose of climate impact assessment. Climate projections for selected catchments are described and compared with observations of temperature and precipitation available for the reference period. Future changes based on those projections are analysed and assessed for two periods, the near future (2021-2050) and the far-future (2071-2100). The results indicate increases in precipitation and temperature in the periods and regions studied both in Poland and Norway.

  8. CO2 and H2O: Understanding Different Stakeholder Perspectives on the Use of Carbon Credits to Finance Household Water Treatment Projects.

    Directory of Open Access Journals (Sweden)

    Sarah K Summers

    Full Text Available Carbon credits are an increasingly prevalent market-based mechanism used to subsidize household water treatment technologies (HWT. This involves generating credits through the reduction of carbon emissions from boiling water by providing a technology that reduces greenhouse gas emissions linked to climate change. Proponents claim this process delivers health and environmental benefits by providing clean drinking water and reducing greenhouse gases. Selling carbon credits associated with HWT projects requires rigorous monitoring to ensure households are using the HWT and achieving the desired benefits of the device. Critics have suggested that the technologies provide neither the benefits of clean water nor reduced emissions. This study explores the perspectives of carbon credit and water, sanitation and hygiene (WASH experts on HWT carbon credit projects.Thirteen semi-structured, in-depth interviews were conducted with key informants from the WASH and carbon credit development sectors. The interviews explored perceptions of the two groups with respect to the procedures applied in the Gold Standard methodology for trading Voluntary Emission Reduction (VER credits.Agreement among the WASH and carbon credit experts existed for the concept of suppressed demand and parameters in the baseline water boiling test. Key differences, however, existed. WASH experts' responses highlighted a focus on objectively verifiable data for monitoring carbon projects while carbon credit experts called for contextualizing observed data with the need for flexibility and balancing financial viability with quality assurance.Carbon credit projects have the potential to become an important financing mechanism for clean energy in low- and middle-income countries. Based on this research we recommend that more effort be placed on building consensus on the underlying assumptions for obtaining carbon credits from HWT projects, as well as the approved methods for monitoring

  9. CO2 and H2O: Understanding Different Stakeholder Perspectives on the Use of Carbon Credits to Finance Household Water Treatment Projects.

    Science.gov (United States)

    Summers, Sarah K; Rainey, Rochelle; Kaur, Maneet; Graham, Jay P

    2015-01-01

    Carbon credits are an increasingly prevalent market-based mechanism used to subsidize household water treatment technologies (HWT). This involves generating credits through the reduction of carbon emissions from boiling water by providing a technology that reduces greenhouse gas emissions linked to climate change. Proponents claim this process delivers health and environmental benefits by providing clean drinking water and reducing greenhouse gases. Selling carbon credits associated with HWT projects requires rigorous monitoring to ensure households are using the HWT and achieving the desired benefits of the device. Critics have suggested that the technologies provide neither the benefits of clean water nor reduced emissions. This study explores the perspectives of carbon credit and water, sanitation and hygiene (WASH) experts on HWT carbon credit projects. Thirteen semi-structured, in-depth interviews were conducted with key informants from the WASH and carbon credit development sectors. The interviews explored perceptions of the two groups with respect to the procedures applied in the Gold Standard methodology for trading Voluntary Emission Reduction (VER) credits. Agreement among the WASH and carbon credit experts existed for the concept of suppressed demand and parameters in the baseline water boiling test. Key differences, however, existed. WASH experts' responses highlighted a focus on objectively verifiable data for monitoring carbon projects while carbon credit experts called for contextualizing observed data with the need for flexibility and balancing financial viability with quality assurance. Carbon credit projects have the potential to become an important financing mechanism for clean energy in low- and middle-income countries. Based on this research we recommend that more effort be placed on building consensus on the underlying assumptions for obtaining carbon credits from HWT projects, as well as the approved methods for monitoring correct and

  10. The GEOFAR Project - Geothermal Finance and Awareness in Europeans Regions - Development of new schemes to overcome non-technical barriers, focusing particularly on financial barriers

    Science.gov (United States)

    Poux, Adeline; Wendel, Marco; Jaudin, Florence; Hiegl, Mathias

    2010-05-01

    planners, developers and politicians when developing a new geothermal project. Each of the analyzed countries is facing a distinct bundle of non-technical barriers. Globally, deep geothermal projects are characterized by high up-front costs and are facing the geological risk of the non discovery of the resources in adequacy to the initial expectations. Moreover, investors are facing directly the competitiveness of fossils energy. The very long pay back period makes it also difficult for them to face the geological risk. GEOFAR will propose new targeting financing and funding schemes, in order to remove the financial barriers hindering the initial stages of geothermal energy projects. GEOFAR also considers a lack of awareness as important barrier hindering the future development of geothermal energy projects. Public opinion is globally positive to geothermal energy, but deep geothermal projects are often suffering from a lack of information leading sometimes to non public acceptance. By underlining the range of possibilities offered by the geothermal energy and the potential and emerging technologies, GEOFAR tends to increase the awareness of geothermal energy in order to boost the development and the investment in new geothermal energy projects. Geothermal energy is expected to contribute significantly to the future European energy sources and the GEOFAR project aims to facilitate it.

  11. Federal and State Structures to Support Financing Utility-Scale Solar Projects and the Business Models Designed to Utilize Them

    Energy Technology Data Exchange (ETDEWEB)

    Mendelsohn, M.; Kreycik, C.

    2012-04-01

    Utility-scale solar projects have grown rapidly in number and size over the last few years, driven in part by strong renewable portfolio standards (RPS) and federal incentives designed to stimulate investment in renewable energy technologies. This report provides an overview of such policies, as well as the project financial structures they enable, based on industry literature, publicly available data, and questionnaires conducted by the National Renewable Energy Laboratory (NREL).

  12. Financing climate change adaptation.

    Science.gov (United States)

    Bouwer, Laurens M; Aerts, Jeroen C J H

    2006-03-01

    This paper examines the topic of financing adaptation in future climate change policies. A major question is whether adaptation in developing countries should be financed under the 1992 United Nations Framework Convention on Climate Change (UNFCCC), or whether funding should come from other sources. We present an overview of financial resources and propose the employment of a two-track approach: one track that attempts to secure climate change adaptation funding under the UNFCCC; and a second track that improves mainstreaming of climate risk management in development efforts. Developed countries would need to demonstrate much greater commitment to the funding of adaptation measures if the UNFCCC were to cover a substantial part of the costs. The mainstreaming of climate change adaptation could follow a risk management path, particularly in relation to disaster risk reduction. 'Climate-proofing' of development projects that currently do not consider climate and weather risks could improve their sustainability.

  13. The Financing of Public – Private Partnership (PPP Projects in Romania – An Evaluation of the Awareness and Know-How among Romanian Organizations

    Directory of Open Access Journals (Sweden)

    Doru-Cristian CORETCHI

    2011-06-01

    Full Text Available In many countries, anti-crisis public measures focus on higher public investment or investment in public objectives, like investment in infrastructure projects, as an important mean to maintain economic activity during the crisis and support a rapid return to sustained economic growth. An instrument to realize these investments is the Public-Private Partnership (hereinafter PPP.Nevertheless, PPP’s are vulnerable to the economic impact of the crisis. Although the final consequences and duration of the crisis are not yet known, the effects on PPP’s can already be identified and estimated. The crisis has made the conditions for this instrument more difficult. Despite some signs of recovery, the volumes and values of the PPP projects currently closing is still significantly below the level reached before the crisis.The topic of PPP financing has never been more important than under the current crisis. Alternative innovative solutions are being sought, new markets need to be opened in order to enable the further development of PPP, the stakeholder organizations have to increase their level of understanding regarding the new environment for PPP.

  14. Application of Boosting Regression Trees to Preliminary Cost Estimation in Building Construction Projects.

    Science.gov (United States)

    Shin, Yoonseok

    2015-01-01

    Among the recent data mining techniques available, the boosting approach has attracted a great deal of attention because of its effective learning algorithm and strong boundaries in terms of its generalization performance. However, the boosting approach has yet to be used in regression problems within the construction domain, including cost estimations, but has been actively utilized in other domains. Therefore, a boosting regression tree (BRT) is applied to cost estimations at the early stage of a construction project to examine the applicability of the boosting approach to a regression problem within the construction domain. To evaluate the performance of the BRT model, its performance was compared with that of a neural network (NN) model, which has been proven to have a high performance in cost estimation domains. The BRT model has shown results similar to those of NN model using 234 actual cost datasets of a building construction project. In addition, the BRT model can provide additional information such as the importance plot and structure model, which can support estimators in comprehending the decision making process. Consequently, the boosting approach has potential applicability in preliminary cost estimations in a building construction project.

  15. The Geoengineering Model Intercomparison Project Phase 6 (GeoMIP6: simulation design and preliminary results

    Directory of Open Access Journals (Sweden)

    B. Kravitz

    2015-10-01

    Full Text Available We present a suite of new climate model experiment designs for the Geoengineering Model Intercomparison Project (GeoMIP. This set of experiments, named GeoMIP6 (to be consistent with the Coupled Model Intercomparison Project Phase 6, builds on the previous GeoMIP project simulations, and has been expanded to address several further important topics, including key uncertainties in extreme events, the use of geoengineering as part of a portfolio of responses to climate change, and the relatively new idea of cirrus cloud thinning to allow more longwave radiation to escape to space. We discuss experiment designs, as well as the rationale for those designs, showing preliminary results from individual models when available. We also introduce a new feature, called the GeoMIP Testbed, which provides a platform for simulations that will be performed with a few models and subsequently assessed to determine whether the proposed experiment designs will be adopted as core (Tier 1 GeoMIP experiments. This is meant to encourage various stakeholders to propose new targeted experiments that address their key open science questions, with the goal of making GeoMIP more relevant to a broader set of communities.

  16. The Geoengineering Model Intercomparison Project Phase 6 (GeoMIP6): simulation design and preliminary results

    Science.gov (United States)

    Kravitz, B.; Robock, A.; Tilmes, S.; Boucher, O.; English, J. M.; Irvine, P. J.; Jones, A.; Lawrence, M. G.; MacCracken, M.; Muri, H.; Moore, J. C.; Niemeier, U.; Phipps, S. J.; Sillmann, J.; Storelvmo, T.; Wang, H.; Watanabe, S.

    2015-10-01

    We present a suite of new climate model experiment designs for the Geoengineering Model Intercomparison Project (GeoMIP). This set of experiments, named GeoMIP6 (to be consistent with the Coupled Model Intercomparison Project Phase 6), builds on the previous GeoMIP project simulations, and has been expanded to address several further important topics, including key uncertainties in extreme events, the use of geoengineering as part of a portfolio of responses to climate change, and the relatively new idea of cirrus cloud thinning to allow more longwave radiation to escape to space. We discuss experiment designs, as well as the rationale for those designs, showing preliminary results from individual models when available. We also introduce a new feature, called the GeoMIP Testbed, which provides a platform for simulations that will be performed with a few models and subsequently assessed to determine whether the proposed experiment designs will be adopted as core (Tier 1) GeoMIP experiments. This is meant to encourage various stakeholders to propose new targeted experiments that address their key open science questions, with the goal of making GeoMIP more relevant to a broader set of communities.

  17. Application of Boosting Regression Trees to Preliminary Cost Estimation in Building Construction Projects

    Directory of Open Access Journals (Sweden)

    Yoonseok Shin

    2015-01-01

    Full Text Available Among the recent data mining techniques available, the boosting approach has attracted a great deal of attention because of its effective learning algorithm and strong boundaries in terms of its generalization performance. However, the boosting approach has yet to be used in regression problems within the construction domain, including cost estimations, but has been actively utilized in other domains. Therefore, a boosting regression tree (BRT is applied to cost estimations at the early stage of a construction project to examine the applicability of the boosting approach to a regression problem within the construction domain. To evaluate the performance of the BRT model, its performance was compared with that of a neural network (NN model, which has been proven to have a high performance in cost estimation domains. The BRT model has shown results similar to those of NN model using 234 actual cost datasets of a building construction project. In addition, the BRT model can provide additional information such as the importance plot and structure model, which can support estimators in comprehending the decision making process. Consequently, the boosting approach has potential applicability in preliminary cost estimations in a building construction project.

  18. A preliminary examination of audience-related communications issues for the Hanford Environmental Dose Reconstruction Project

    Energy Technology Data Exchange (ETDEWEB)

    Holmes, C.W.

    1991-04-01

    The Hanford Environmental Dose Reconstruction (HEDR) Project will estimate radiation doses people may have received from exposure to radioactive materials released during past operations at the US Department of Energy's (DOE) Hanford Site near Richland, Washington. The HEDR Project was initiated in response to public concerns about possible health impacts from past releases of radioactive materials from Hanford. The TSP recognized early in the project that special mechanisms would be required to effectively communicate to the many different concerned audiences. Accordingly, the TSP directed PNL to examine methods for communicating causes and effects of uncertainties in the dose estimates. After considering the directive and discussing it with the Communications Subcommittee of the TSP, PNL undertook a broad investigation of communications methods to consider for inclusion in the TSP's current communications program. As part of this investigation, a literature review was conducted regarding risk communications. A key finding was that, in order to successfully communicate risk-related information, a thorough understanding of the knowledge level, concerns and information needs of the intended recipients (i.e., the audience) is necessary. Hence, a preliminary audience analysis was conducted as part of the present research. This report summarizes the results of this analysis. 1 ref., 9 tabs.

  19. Financing the clean development mechanism through debt-for-efficiency swaps? Case study evidence from a Uruguayan wind farm project

    DEFF Research Database (Denmark)

    Cassimon, Danny; Prowse, Martin; Essers, Dennis

    2011-01-01

    this through analysing the use of a debt swap between Uruguay and Spain within a CDM wind farm project in Uruguay. The paper assesses this transaction according to a simple framework by which debt swaps can be evaluated: whether it delivers additional resources to the debtor country and/or debtor government...

  20. Financing Information Communication Technology Projects in Secondary Schools E-Learning: A Case of Mombasa County, Kenya

    Science.gov (United States)

    Wangila, Violet Muyoka

    2015-01-01

    Information communication and technology (ICTs) has become common place entities in all aspects of life. Within the education sector, ICT has begun to have a special attention although not extensively as in other fields both globally and locally. Limited funds still presents a challenge in rolling out the e-school projects in Kenyan secondary…

  1. NEOLITHIC PLANT USE IN THE WESTERN MEDITERRANEAN REGION: PRELIMINARY RESULTS FROM THE AGRIWESTMED PROJECT

    Directory of Open Access Journals (Sweden)

    L. Peña-Chocarro

    2013-04-01

    Full Text Available This contribution focuses on the preliminary results of the AGRIWESTMED project which focuses on the archaeobotanical analyses of early Neolithic sites in the western Mediterranean region (both in Iberia and in northern Morocco. A large number of sites has been studied producing an interesting dataset of plant remains which places the earliest examples of domesticated plants in the second half of the 6th millennium cal BC. Plant diversity is high as it is shown by the large number of species represented: hulled and naked wheats, barley, peas, fava beans, vetches, lentils and grass peas. To more crops, poppy and flax, are also part of the first agricultural crops of the area. Although agriculture seems to occupy a first place in the production of food, gathering is well represented in the Moroccan sites where a large number of species has been identified. 

  2. Solar Photovoltaic Financing: Deployment by Federal Government Agencies

    Energy Technology Data Exchange (ETDEWEB)

    Cory, K.; Coggeshall, C.; Coughlin, J.; Kreycik, C.

    2009-07-01

    The goal of this report is to examine how federal agencies can finance on-site PV projects. It explains state-level cash incentives available, the importance of solar renewable energy certificate revenues (in certain markets), existing financing structures, as well as innovative financing structures being used by federal agencies to deploy on-site PV. Specific examples from the DOD, DOE, and other federal agencies are highlighted to explain federal project financing in detail.

  3. Wind power projects in the CDM: Methodologies and tools for baselines, carbon financing and substainability analysis[CDM=Clean Development Mechanism

    Energy Technology Data Exchange (ETDEWEB)

    Ringius, L.; Grohnheit, P.E.; Nielsen, L.H.; Olivier, A.L.; Painuly, J.; Villavicencio, A.

    2002-12-01

    The report is intended to be a guidance document for project developers, investors, lenders, and CDM host countries involved in wind power projects in the CDM. The report explores in particular those issues that are important in CDM project assessment and development - that is, baseline development, carbon financing, and environmental sustainability. It does not deal in detail with those issues that are routinely covered in a standard wind power project assessment. The report tests, compares, and recommends methodologies for and approaches to baseline development. To present the application and implications of the various methodologies and approaches in a concrete context, Africa's largest wind farm-namely the 60 MW wind farm located in Zafarana, Egypt- is examined as a hypothetical CDM wind power project The report shows that for the present case example there is a difference of about 25% between the lowest (0.5496 tCO2/MWh) and the highest emission rate (0.6868 tCO{sub 2}/MWh) estimated in accordance with these three standardized approaches to baseline development according to the Marrakesh Accord. This difference in emission factors comes about partly as a result of including hydroelectric power in the baseline scenario. Hydroelectric resources constitute around 21% of the generation capacity in Egypt, and, if excluding hydropower, the difference between the lowest and the highest baseline is reduced to 18%. Furthermore, since the two variations of the 'historical' baseline option examined result in the highest and the lowest baselines, by disregarding this baseline option altogether the difference between the lowest and the highest is reduced to 16%. The ES3-model, which the Systems Analysis Department at Risoe National Laboratory has developed, makes it possible for this report to explore the project-specific approach to baseline development in some detail. Based on quite disaggregated data on the Egyptian electricity system, including the wind

  4. On preliminary budget compilation of architectural projects%论建筑工程概预算编制问题

    Institute of Scientific and Technical Information of China (English)

    孔小芳

    2015-01-01

    The paper illustrates the definition of the preliminary budget in architectural projects and its included contents,analyzes some existing problems in its compilation of the architectural project,and points out the advanced preliminary budget method can be adopted for observing the market,so it is the solutions to improving preliminary budget compilation system,in order to ensured engineering quality improving.%对建筑工程概预算的定义及内容进行了阐述,并对建筑工程概预算编制存在的问题作了分析,提出了洞察市场、采用先进的概预算方法、健全概预算编制制度等解决措施,以确保工程质量的提高。

  5. 77 FR 31610 - FFP Project 110, LLC; Notice of Preliminary Permit Application Accepted for Filing and Soliciting...

    Science.gov (United States)

    2012-05-29

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission FFP Project 110, LLC; Notice of Preliminary Permit Application Accepted for Filing and Soliciting Comments, Motions To Intervene, and Competing Applications On May 1, 2012, the...

  6. 78 FR 18335 - FFP Project 121, LLC; Notice of Preliminary Permit Application Accepted for Filing and Soliciting...

    Science.gov (United States)

    2013-03-26

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission FFP Project 121, LLC; Notice of Preliminary Permit Application Accepted for Filing and Soliciting Comments, Motions To Intervene, and Competing Applications On March 1, 2013,...

  7. Considerations regarding the influence of the base leading rate over actualization rate of investment projects financed by EU funds

    OpenAIRE

    Attila Tamaş SZORA; Iulian Bogdan DOBRA

    2010-01-01

    The investment process is a complex economic process that implies risks. Allotting capital resources in an investment project without using an adequate discount rate of the cash flows, which will take into account the evolution of the base leading rate of NBR (National Bank of Romania), can lead to the total or partial loss of the invested capital by the European Union, by Romania’s government and by the applicants. There is a permanent concern from the experts to find an adequate indicator t...

  8. Supply chain finance

    Directory of Open Access Journals (Sweden)

    Kasavica Petar

    2014-01-01

    Full Text Available The concept of supply chain finance is a response to global illiquidity, intensified through the global economic crisis and globalization of commercial and financial flows. The growing illiquidity undermines credit ratings of economic entities, thereby reducing the potential for achieving the projected goals (profitability and portfolio quality. In order to overcome this, banks have introduced certain products flexible to the requirements of specific transactions. The concerned products redirect the focus from a client's credit rating and risk to the credit rating and risk of a business partner (buyer, resulting in benefits for all transaction participants ('win-win-win'. Moreover, the activities are targeted at transaction analysis, i.e. the isolation and protection of the cash flow as the source of financial instrument's repayment. On the other hand, there has been an increasing number of transactions based on the risk of the commercial bank of the client's business partner, or on the risk of collateral (inventory. The focus is actually placed on the financing of adequate supply chain stages, given that counterparty relationship management has been proven to be crucial for efficient management of one's own business. The tensions existing in the relations between partners (increasingly long payment deadlines are in the basis of the supply chain finance concept. Decisions made by banks are based on the entire supply chain (wide information basis, thereby shifting the focus from the product (as was the case before the crisis to the client's needs. Thus, decisions become increasingly comprehensive, quicker, and more precise, and portfolios less risky. Through the individual portfolio of banks, the market of national economies also becomes safer and more liquid. These are rather profitable transactions, because, due to the risk transfer, financing is enabled to companies to whom classic crediting in most cases is not available.

  9. 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.

  10. Telescopio San Pedro Mártir Observatory preliminary design and project approach

    Science.gov (United States)

    Teran, Jose; Lee, William H.; Richer, Michael G.; Sánchez, Beatriz S.; Urdaibay, David; Hill, Derek; Adriaanse, David; Hernandez-Limonchi, Regina

    2016-07-01

    The Instituto de Astronomia of the Universidad Nacional Autónoma de México (UNAM) along with Instituto Nacional de Astrofisica, Optica y Electronica, the University of Arizona and the Smithsonian Astrophysical Observatory are developing the Telescopio San Pedro Mártir (TSPM) project, a 6.5m diameter optical telescope. M3 Engineering and Technology Corp. (M3) is the design and construction management firm responsible for all site infrastructure, enclosure and support facilities. The Telescopio San Pedro Mártir project (TSPM) will be located within the San Pedro Mártir National Park in Baja California, Mexico at 2,830 m. above sea level, approximately 65 km. east of the Pacific Ocean, 55km west of the Sea of Cortes (Gulf of California) and 180km south of the United States and México border. The aim of the paper is to present the preliminary design of the site infrastructure, enclosure and support facilities to date and share the design and construction approach.

  11. Ocean thermal energy conversion cold water pipe preliminary design project. Task 2. Analysis for concept selection

    Energy Technology Data Exchange (ETDEWEB)

    None

    1979-04-01

    The successful performance of the CWP is of crucial importance to the overall OTEC system; the pipe itself is considered the most critical part of the entire operation. Because of the importance the CWP, a project for the analysis and design of CWP's was begun in the fall of 1978. The goals of this project were to study a variety of concepts for delivering cold water to an OTEC plant, to analyze and rank these concepts based on their relative cost and risk, and to develop preliminary design for those concepts which seemed most promising. Two representative platforms and sites were chosen: a spar buoy of a Gibbs and Cox design to be moored at a site off Punta Tuna, Puerto Rico, and a barge designed by APL/Johns Hopkins University, grazing about a site approximately 200 miles east of the coast of Brazil. The approach was to concentrate on the most promising concepts and on those which were either of general interest or espoused by others (e.g., steel and concrete concepts). Much of the overall attention, therefore, focused on analyzing rigid and compliant wall design, while stockade (except for the special case of the FRP stockade) and bottom-mounted concepts received less attention. A total of 67 CWP concepts were initially generated and subjected to a screening process. Of these, 16 were carried through design analysis, costing, and ranking. Study results are presented in detail. (WHK)

  12. 基于多目标的大型体育场馆 PPP项目的融资性研究%A Multi - objective Programming Model - based Research on financing for Large Stadium PPP Projects

    Institute of Scientific and Technical Information of China (English)

    叶晓盨; 许婉熔; 徐青

    2016-01-01

    PPP模式已成为我国公共产品或服务提供的重要方式。PPP 项目的融资性是公私双方合作的关键因素之一。PPP项目中主要合作方的融资目标既有共同点又存在差异点。研究在文献回顾的基础上,依据利益相关理论,分析了我国大型体育场馆政府、社会资本和公众对 PPP项目融资目标的不同诉求和体育场馆融资要素结构,运用多目标规划模型,以重庆市某体育场馆为例对伙伴各方接受的融资性进行方案对比,探讨了假设条件下实现体育场馆PPP项目融资的最佳伙伴合作方式。%PPP now has become an important way to provide public goods and services. Financing of PPP is one of the key factors of public - private cooperation. The key stakeholders in public - private partnership project have shared and divergent financing targets. Therefore,this study,based on literature review and stakeholder theo-ry,aims to analyze the goals of stakeholders - government,social investors,and the general public,and the structure of financing elements in large stadium PPP projects. This study also explores the best partnership for financing for stadium PPP projects through a multi - objective programming model - based comparison of the fi-nancing programs for a stadium in Chongqing,which are acceptable to all parties involved.

  13. Population ageing and public finance targets

    OpenAIRE

    Heikki Oksanen

    2003-01-01

    The paper incorporates intergenerational fairness into a framework to analyse long-term sustainability of public finances under population ageing. It establishes a link between ageing-related public expenditure projections and public finance targets, thereby clarifying the connection between pension reforms and general government budget balance and debt targets.

  14. Information Update Research Fellowship for International Young Scientists NSFC Announced Results of Preliminary Evaluation of Bilateral Cooperative Research Projects With Danish National Research Foundation NSFC Announced Results of Preliminary Evaluation of Bilateral Cooperative Research Projects with DFG News in Brief: NSFC set up Department of Medical Sciences NSFC Announced Approved Cooperative Projects With France and Germany NSFC Announced Results of Preliminary Evaluation of Bilateral Cooperative Research Projects With Academy of Finland NSFC Announced Application Guide for Cooperative Research Projects with K. T. Li Foundation NSFC Announced Results of Preliminary Evaluation of Bilateral Cooperative Research projects With Japan Science and Technology Agency NSFC Announced Application Guide for Cooperative Research Projects With Royal Society of Edinburgh for 2010 NSFC Announced a List of proved Cooperative Projects With Three International Organizations

    Science.gov (United States)

    2009-01-01

    Research Fellowship for International Young Scientists NSFC Announced Results of Preliminary Evaluation of Bilateral Cooperative Research Projects With Danish National Research Foundation NSFC Announced Results of Preliminary Evaluation of Bilateral Cooperative Research Projects with DFG News in Brief: NSFC set up Department of Medical Sciences NSFC Announced Approved Cooperative Projects With France and Germany NSFC Announced Results of Preliminary Evaluation of Bilateral Cooperative Research Projects With Academy of Finland NSFC Announced Application Guide for Cooperative Research Projects with K. T. Li Foundation NSFC Announced Results of Preliminary Evaluation of Bilateral Cooperative Research projects With Japan Science and Technology Agency NSFC Announced Application Guide for Cooperative Research Projects With Royal Society of Edinburgh for 2010 NSFC Announced a List of proved Cooperative Projects With Three International Organizations

  15. Preliminary results of radiation monitoring near uranium mines in Namibia EJOLT Project (DRAFT version)

    Energy Technology Data Exchange (ETDEWEB)

    Chareyron, Bruno

    2012-04-05

    As a part of the EJOLT (Environmental Justice Organizations Liability and Trade) project, EARTHLIFE Namibia and CRIIRAD (Commission for Independent Research and Information about Radiation) have organised visits in areas located in the vicinity of uranium mines in Namibia In the course of an on site mission carried out between September 22 and October 2 2011, scientists from the CRIIRAD laboratory took radiation measurements in situ, and collected 14 samples of top soil, 13 samples of surface sediments of the Swakop, Gawib and Khan rivers, 11 underground water samples in the alluvium of Swakop, and Khan rivers and tap water from Arandis city, and one sample of asparagus. Solid samples have been analysed at the CRIIRAD laboratory in France (measurements performed by HpGe gamma spectrometry) and water samples have been monitored for main chemicals by LDA 26 laboratory in France and for radium 226 and radon 222 at the CRIIRAD laboratory. Some of the preliminary findings are summarised in this report: 1 - The dose rate measured by CRIIRAD on the parking of Roessing mine is about 6 times above natural background value (0.9 {mu}Sv/h compared to 0.15 {mu}Sv/h); 2 - The management of waste rock dumps needs to be improved: Some waste rocks are dumped on the banks of Khan river (at the intersection with Dome Gorge) without fencing and confinement. The radiological impact of this activity has to be studied in detail but preliminary measurements show various impacts on the environment; 3 - The finest fraction of the radioactive tailings dumped on Roessing tailings dam is blown away by the wind and contaminates the surrounding environment; 4 - The high uranium concentration in underground water collected downstream Roessing uranium mine in the Khan river and Swakop river alluvium raises the question of the origin of this uranium

  16. FINANCING MECHANISMS OF AGRICULTURE IN ROMANIA

    Directory of Open Access Journals (Sweden)

    BUMBESCU SORINA SIMONA

    2015-03-01

    Full Text Available The objective of this article is to highlight the importance of the agriculture financing ways, existing an interdependence relationship between the stage of agriculture development and its funding mechanisms. This article presents in a complex way, the general theoretical framework of the agriculture financing, and the practical methods of agriculture finance from bank loans to European programs and projects, the impact of EU funds on agriculture. The research leads to two important categories of tangible results; on one hand it highlights the most important and used ways to finance the Romanian agriculture, and on the other hand, there is analised the impact of EU funds on rural development, their absorption.

  17. Behavioral finance: Finance with normal people

    Directory of Open Access Journals (Sweden)

    Meir Statman

    2014-06-01

    Behavioral finance substitutes normal people for the rational people in standard finance. It substitutes behavioral portfolio theory for mean-variance portfolio theory, and behavioral asset pricing model for the CAPM and other models where expected returns are determined only by risk. Behavioral finance also distinguishes rational markets from hard-to-beat markets in the discussion of efficient markets, a distinction that is often blurred in standard finance, and it examines why so many investors believe that it is easy to beat the market. Moreover, behavioral finance expands the domain of finance beyond portfolios, asset pricing, and market efficiency and is set to continue that expansion while adhering to the scientific rigor introduced by standard finance.

  18. Regulatory stability of the national gas sector to attraction of investments: a juridical approach about the buyer creditory under the mode project finances; Estabilidade regulatoria do setor gaseifero nacional para atracao de investimentos: uma abordagem juridica acerca dos financiamentos sob a modalidade 'project finances'

    Energy Technology Data Exchange (ETDEWEB)

    Albuquerque Junior, Helio Varela de [Universidade Federal do Rio Grande do Norte (UFRN), Natal, RN (Brazil). Programa de Recursos Humanos PRH-36-ANP/MCT. Curso de Direito

    2008-07-01

    A stability of the Natural Gas regulation's framework assumes nowadays, for sure, a relevant position, once means a way of attracting new investments to the Oil and Gas Industry's sector. Following a logic sequence - regulation stability brings legal certainty witch reduces, on the other hand, the risks and attracts investment - the idea of a regulation's commitment on the natural gas sector sets as a key element for investment's attraction. Likewise, the financial agents position is extremely important, especially for the 'Project Finances' funding, witch inherent peculiarity (market risk's reduction) keep full compatibility with the needs of today's Brazilian natural gas sector framework. (author)

  19. A Research of Tax Support Policy on BT Project Financing Construction in China%我国BT项目投融资建设的税收支持政策研究

    Institute of Scientific and Technical Information of China (English)

    肖太寿

    2012-01-01

    BT作为政府利用非政府资金来承建某些基础设施项目的一种投资方式,在我国运用于公共基础设施建设实践的时间短、取得的实践经验较少。从国家层面来讲,BT项目建设的税收支持政策不明确,呈现“无法可依”的现象;从地方政府层面来讲,有九省市践行BT项目税收支持政策的探索。本文运用实地调研和咨询法的研究方法,对我国BT项目投融资建设的税收支持政策现状、存在的问题进行剖析,在此基础上,提出了两点政策建议:一是建议财政部和国家税务总局尽快联合颁发一个全国统一规范的BT项目涉税政策法规文件,该文件应明确BT项目投融资方营业税的征税税目、计税依据和营业税与企业所得税的纳税义务时间。二是建立支持BT项目投融资建设的税收优惠政策体系:融资合同印花税全免,投资建设合同减半征收或免印花税;企业所得税减免优惠政策。%BT is a way of investment that the government makes use of non - government funds to build some infrastructure projects. As a new financing mode of construction, the time for BT to be applied to the construction of public infrastructure in China is short, the practical experience is less, so from the national level, BT project construction tax support policy is not clear. From the local government level, there are nine provinces and cities have explored the implementation of BT project tax support policy. Based on the field research and consulting method, this paper is to analyze current situation and the existing problems of tax support policy for BT project financing construction in China. On the basis of this, two suggestions are as follows: on one hand, the Ministry of Finance and the State Administration of taxation should jointly issue a unified national standard BT project file tax pol- icies and regulations as soon as possible. The file should be clear about the BT

  20. IEA CCS finance meeting in New York

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2008-09-15

    The IEA Clean Coal Centre, World Coal Institute and the IEA Greenhouse Gas R & D Programme with sponsorship from Chevron held an Expert Meeting on Financing Carbon Capture and Storage Projects in New York on 28-29 May 2008.

  1. Observation of seismicity based on DOMERAPI and BMKG seismic networks: A preliminary result from DOMERAPI project

    Science.gov (United States)

    Ramdhan, Mohamad; Nugraha, Andri Dian; Widiyantoro, Sri; Kristyawan, Said; Sembiring, Andry Syaly; Mtaxian, Jean-Philippe

    2016-05-01

    DOMERAPI project has involved earth scientists from Indonesia and France to conduct comprehensively a study of the internal structure of Mt. Merapi and its vicinity based on seismic tomographic imaging. The DOMERAPI seismic network was running from October 2013 to April 2015 consisting of 53 broad-band seismometers, covering Mt. Merapi and Mt. Merbabu, and some geological features such as Opak and Dengkeng faults. Earthquake hypocenter determination conducted in this study is an important step before seismic tomographic imaging. The earthquake events were identified and picked manually and carefully. The majority of earthquakes occured outside the DOMERAPI network. The ray paths of seismic waves from these earthquakes passed through the deep part of the study area around Merapi. The joint data of BMKG and DOMERAPI networks can minimize the azimuthal gap, which is often used to obtain an indication of the reliability of the epicentral solution. Our preliminary results show 279 events from October 2013 to mid August 2014. For future work, we will incorporate the BPPTKG (Center for Research and Technology Development of Geological Disaster) data catalogue in order to enrich seismic ray paths. The combined data catalogues will provide information as input for further advanced studies and volcano hazards mitigation.

  2. State Policy Initiatives for Financing Energy Efficiency in Public Buildings.

    Science.gov (United States)

    Business Officer, 1984

    1984-01-01

    Alternative financing methods (other than state financing) for developing cost-effective energy efficiency projects are discussed. It is suggested that by properly financing energy efficiency investments, state campuses can generate immediate positive cash savings. The following eight initiatives for maximizing energy savings potential are…

  3. The International Finance Corporation and financing of sustainable energy

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-12-01

    The International Finance Corporation (IFC), a member of the World Bank Group, is the largest multilateral source of loan and equity financing for private sector projects in the developing world. IFC participates in an investment only when it can make a special contribution that complements the role of market operators. Since its founding 40 years ago, IFC has provided more than $18.8 billion in financing for 1,706 companies in developing countries. Its share capital is provided by its 170 member countries, which collectively determine its policies and activities. Strong shareholder support and a substantial paid-in capital base have allowed IFC to raise funds for its lending activities through its triple-A rated bond issues in international financial markets. IFC created an Infrastructure Department in 1992 in response to the growing demand for its services in this area. During fiscal 1996 IFC approved 33 projects for new investments of $715 million of which 27% were in the power sector. In recognition of the continuing demand growth for private power investments an expanded Power Department has been formed to handle IFC`s investments in electric power generation projects using renewable resources such as: run-of-the-river hydro, geothermal, biomass cogeneration, wind energy, and solar (photovoltaic, solar thermal, etc.), as well as conventional thermal generation projects, transmission and distribution projects, and energy efficiency investments.

  4. Renovating? Take a look at the new short-term paths to financing.

    Science.gov (United States)

    Kluger, M

    1984-02-01

    A hospital's renovation project can be financed through a diversity of financing techniques. Although the traditional vehicle for hospital capital financing is long-term, fixed-rate debt, there are a growing number of short-term financing alternatives that can provide greater flexibility and generate debt service savings. The author describes some of the new short-term financing techniques, as well as the advantages and disadvantages of short- versus long-term financing.

  5. 12 CFR 925.13 - Home financing policy requirement.

    Science.gov (United States)

    2010-01-01

    ... formal, or if unavailable, informal or preliminary, CRA performance evaluation. (b) Written justification... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Home financing policy requirement. 925.13 Section 925.13 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK MEMBERS AND...

  6. Estimating landslide losses - preliminary results of a seven-State pilot project

    Science.gov (United States)

    Highland, Lynn M.

    2006-01-01

    reliable information on economic losses associated with landslides. Each State survey examined the availability, distribution, and inherent uncertainties of economic loss data in their study areas. Their results provide the basis for identifying the most fruitful methods of collecting landslide loss data nationally, using methods that are consistent and provide common goals. These results can enhance and establish the future directions of scientific investigation priorities by convincingly documenting landslide risks and consequences that are universal throughout the 50 States. This report is organized as follows: A general summary of the pilot project history, goals, and preliminary conclusions from the Lincoln, Neb. workshop are presented first. Internet links are then provided for each State report, which appear on the internet in PDF format and which have been placed at the end of this open-file report. A reference section follows the reports, and, lastly, an Appendix of categories of landslide loss and sources of loss information is included for the reader's information. Please note: The Oregon Geological Survey has also submitted a preliminary report on indirect loss estimation methodology, which is also linked with the others. Each State report is unique and presented in the form in which it was submitted, having been independently peer reviewed by each respective State survey. As such, no universal 'style' or format has been adopted as there have been no decisions on which inventory methods will be recommended to the 50 states, as of this writing. The reports are presented here as information for decision makers, and for the record; although several reports provide recommendations on inventory methods that could be adopted nationwide, currently no decisions have been made on adopting a uniform methodology for the States.

  7. Next Generation UAV Based Spectral Systems for Environmental Monitoring: project developments, preliminary outcome and findings

    Science.gov (United States)

    Campbell, P. K. E.; Townsend, P. A.; Mandl, D.; Ly, V. T.; Kingdon, C.; Sohlberg, R. A.; Corp, L. A.; Ong, L.; Nagol, J. R.

    2015-12-01

    This investigation contributes for bridging the gap in Earth observation between field and airborne measurements. We will reduce the risk of operating science grade instruments from Unmanned Aerial Systems (UAS), by developing robust methods to make well-characterized spectral measurements for integration, calibration and validation with NASAs science quality satellite and airborne data. Because of the potential for rapid deployment, spatially explicit data from UASs can be acquired irrespective of many of the cost, scheduling and logistic limitations to satellite or piloted aircraft missions. Provided that the measurements are suitably calibrated and well characterized, this opens up opportunities for calibration/validation activities not currently available. There is considerable interest in UASs from the agricultural and forestry industries but there is a need to identify a workflow that yields calibrated comparisons through space and time. The goal of our effort is to ensure that optical high spectral resolution measurements from UAV's are collected and processed in a fashion that allows ready integration with or comparison to NASA satellite and airborne data and derived products. We target the consistent retrieval of calibrated surface reflectance, as well as biological parameters including nutrient and chlorophyll content, chlorophyll fluorescence and photosynthetic capacity. We will test our technology and protocols first using spatially-resolved discrete point measurements characterizing canopy VNIR reflectance and solar-induced fluorescence, followed by imaging spectroscopy. A Rapid Data Assimilation and delivery system will be developed, based on SensorWeb Intelligent Payload Module for high speed onboard processing. The deployment of UAS sensors at sites such as flux towers will facilitate measrurement validation and parameter retrieval, than is possible by foot, from sensors fixed to a tower, or irregular aircraft missions. We will report preliminary

  8. New shipyard layout design for the preliminary phase & case study for the green field project

    Directory of Open Access Journals (Sweden)

    Young Joo Song

    2013-03-01

    Full Text Available For several decades, Asian nations such as Korea, Japan and China have been leading the shipbuilding industry since the decline in Europe and America. However, several developing countries such as India, Brazil, etc. are going to make an entrance into the shipbuilding industry. These developing countries are finding technical partners or information providers because they are in situation of little experiences and technologies. Now, the shipbuilding engineering companies of shipbuilding advanced countries are getting a chance of engineering business against those developing countries. The starting point of this business model is green field project for the construction of new shipyard. This business model is started with a design of the shipyard layout. For the conducting of the shipyard layout design, four kinds of engineering parts are required. Those are civil engineering, building engineering, utility engineering and production layout engineering. Among these parts, production layout engineering is most important because its result is the foundation of the other engineering parts and it determines the shipyard capacity during the shipyard operation lifecycle. Previous researches about the shipyard layout design are out of the range from the business requirements because most research cases are in the tower of ivory, which means that there are little consideration of real ship and shipbuilding operation. In this paper, a shipyard layout design for preliminary phase is conducted for the target of newly planned shipyard at Venezuela of South America with an integrated method that is capable of dealing with actual master data from the shipyard. The layout design method of this paper is differentiated from the previous researches in that the actual product data from the target ship and the actual shipbuilding operation data are used for the required area estimation.

  9. Financing transformative health systems towards achievement of the health Sustainable Development Goals: a model for projected resource needs in 67 low-income and middle-income countries.

    Science.gov (United States)

    Stenberg, Karin; Hanssen, Odd; Edejer, Tessa Tan-Torres; Bertram, Melanie; Brindley, Callum; Meshreky, Andreia; Rosen, James E; Stover, John; Verboom, Paul; Sanders, Rachel; Soucat, Agnès

    2017-09-01

    domestic product spent on health would increase to a mean of 7·5% (2·1-20·5). Around 75% of costs are for health systems, with health workforce and infrastructure (including medical equipment) as the main cost drivers. Despite projected increases in health spending, a financing gap of $20-54 billion per year is projected. Should funds be made available and used as planned, the ambitious scenario would save 97 million lives and significantly increase life expectancy by 3·1-8·4 years, depending on the country profile. All countries will need to strengthen investments in health systems to expand service provision in order to reach SDG 3 health targets, but even the poorest can reach some level of universality. In view of anticipated resource constraints, each country will need to prioritise equitably, plan strategically, and cost realistically its own path towards SDG 3 and universal health coverage. WHO. Copyright © 2017 World Health Organization; licensee Elsevier. This is an Open Access article published under the CC BY 3.0 IGO license which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. In any use of this article, there should be no suggestion that WHO endorses any specific organisation, products or services. The use of the WHO logo is not permitted. This notice should be preserved along with the article's original URL.

  10. Statistics for Finance

    DEFF Research Database (Denmark)

    Lindström, Erik; Madsen, Henrik; Nielsen, Jan Nygaard

    Statistics for Finance develops students’ professional skills in statistics with applications in finance. Developed from the authors’ courses at the Technical University of Denmark and Lund University, the text bridges the gap between classical, rigorous treatments of financial mathematics...

  11. Statistics for Finance

    DEFF Research Database (Denmark)

    Lindström, Erik; Madsen, Henrik; Nielsen, Jan Nygaard

    Statistics for Finance develops students’ professional skills in statistics with applications in finance. Developed from the authors’ courses at the Technical University of Denmark and Lund University, the text bridges the gap between classical, rigorous treatments of financial mathematics...

  12. Preliminary study of waterfowl habitat development potentials as related to inundated waterfowl habitat by the proposed Rampart Canyon Dam Project, Alaska

    Data.gov (United States)

    US Fish and Wildlife Service, Department of the Interior — This report is a preliminary study of waterfowl habitat development potentials as related to inundated waterfowl habitat by the proposed Rampart Canyon dam project...

  13. A Limited Recourse Financing Model for BOT Projects Based on CAPM%基于CAPM的BOT项目“有限追索权”融资决策模型

    Institute of Scientific and Technical Information of China (English)

    吴孝灵; 周晶; 王冀宁; 洪巍

    2012-01-01

    为研究BOT项目有限追索权融资中贷款资金与股本资金在贷方和项目公司之间合理分配问题(即BOT最优融资结构),本文考虑项目公司和贷方根据CAPM方法进行投资决策,通过分析它们投资策略在利益上的冲突关系而建立一个BOT融资模型,并且用博弈论方法研究模型最优解的存在性及其性质.研究结果不仅为项目公司和贷方提供了对BOT项目融资决策的理论方法,而且为政府对BOT项目的管理提供了重要的理论工具.%BOT (Build-Operate-Transfer) has become a major project-financing schema since the 1980a. Investors of BOT projects generally include the right-interest investor (project company), who invests in the project by the equity, and the debt investor (creditor) , who invests in the project by the credit. However, the limited or none recourse financing under the BOT scheme can lead to investor's demand for different capital structures, which refer to the proportion between the debt capital and equity.The more debt or less equity in the capital structure is always beneficial to the right-interest investor because it can generate a higher return for successful projects, or lower loss for failure projects. In contrast, the lower debt is always beneficial to the debtor if the more debt can potential cause higher risk loss for failure projects. Therefore, how to determine a proper capital structure for the BOT project is the key to the success in the financing implementation.In this paper, a dynamic game model between the creditor and the project company is proposed under the implementation of limited recourse financing for the BOT project. The model is mainly based on the consideration that the creditor and the project company make investment in the project according to CAPM (Capital Asset Price Model), and the analysis of investment strategies. BOT project's optimal capital structure on the debt-equity allocation is studied from the game theory.Firstly, a

  14. 城市轨道交通项目政府融资模式风险分析%Risk Analysis of Government Financing Patterns in Urban Rail Transit Project

    Institute of Scientific and Technical Information of China (English)

    石志伟

    2013-01-01

    In recent years,urban rail transit are built in many big cities in China.As the city public infrastructure,urban rail transit has some characteristics:funds invested large,long construction period,high operating cost,low project investment return,long investment recovery period,greater the potential risk.Therefore,it is difficult to attract businesses to participate in the investment and construction,so the government is mainly responsible for raising capital financing of city rail transit project.This paper introduces the financing channel of government financing mode,puts forward corresponding measures to prevent risks based on the recognition of government financing risk factors.%近年来,我国很多大城市都正在兴建城市轨道交通,城市轨道交通项目作为城市的公益性基础设施,资金投入量巨大,建设周期长、运营成本高,项目自身投资回报率低,投资回收期长,潜在风险较大,因此,很难吸引企业参与投资建设,政府是城市轨道交通项目资金融资筹措的主要承担者.本文介绍了政府融资模式的筹资渠道,在对政府融资风险因素识别的基础上,提出了相应的风险防范措施.

  15. Win-win finance

    Energy Technology Data Exchange (ETDEWEB)

    Panayotou, T.

    1997-07-01

    Sustainable development is grossly underfinanced. It will continue to be so, because the world is relying on conventional means to finance an unconventional idea. Official development assistance fell from 60 billion dollars in 1992 to 55 billion dollars in 1995 (in constant 1994 prices). The public sector in developing countries is underinvesting in environmental sustainability because of severe budget constraints, public sector deficits and more pressing expenditure needs. So is the private sector because, under prevailing institutional arrangements, it cannot recover costs and earn a decent rate of return from providing public goods. Other means of mobilising resources must be found. Such measures may include: phasing out subsidies, demand-scale management, better capture of resource vents, improved definition and security of property rights, and environmentally based taxation. Coal and petroleum based projects are frequently effectively subsidised. For sustainability energy efficiency measures should be subsidised, and energy consumption taxed. Increased use of economic instruments should be encouraged. 2 photos.

  16. Essays in household finance

    NARCIS (Netherlands)

    Djordjevic, Ljubica

    2015-01-01

    Household finance is a young and vibrant research field that continuously attracts public attention. There may be very few matters that people care so much about as their personal finance. Recent rise of academic interest in household finance is to a great extent due to households’ more active role

  17. SME Finance in Africa

    OpenAIRE

    Beck, T.; Cull, R

    2014-01-01

    This paper uses cross-country firm-level surveys to gauge access to financial services and the importance of financing constraints for African enterprises. The paper compares access to finance in Africa and other developing regions of the world, within Africa across countries, and across different groups of firms. It relates firms' access to finance to firm and banking system characteristi...

  18. Water Finance Forum-Texas

    Science.gov (United States)

    Regional Finance Forum: Financing Resilient and Sustainable Water Infrastructure, held in Addison, Texas, September 10-11, 2015.Co-sponsored by EPA's Water Infrastructure and Resiliency Finance Center and the Environmental Finance Center Network.

  19. 基于Netlogo平台的PROT项目融资管理仿真模型研究%Research on Simulation Model of PROT Project Financing Based on Netlogo

    Institute of Scientific and Technical Information of China (English)

    王艳伟; 黄宜

    2016-01-01

    PROT project financing is a complex and dynamic process.It is difficult to use the conventional meth-od to describe it vividly and clearly.The internal mechanism of PROT project cannot be explored.This paper at-tempts to use the netlogo simulation tool and means of system entropy to dynamically simulate,and to establish PROT project financing management simulation model based on netlogo.The simulation model can describe the change of the system entropy and the income status of the interests real-time dynamically,so as to promote the PROT project financing completed scientific and reasonable successfully.%PROT项目融资管理过程是一个复杂的、动态的多方博弈的过程,很难通过常规的研究方法全面而形象的将其清晰描述,也无法深入探究PROT项目管理的内在机理。本文尝试利用netl-ogo仿真工具,借助系统熵进行动态仿真模拟,建立基于netlogo的PROT项目融资管理仿真模型。通过该仿真模型能够实时动态的描述系统熵的变化以及各利益主体的收益状况,从而促进PROT项目科学合理的顺利完成。

  20. Fort Hood Solar Total Energy Project. Volume II. Preliminary design. Part 1. System criteria and design description. Final report

    Energy Technology Data Exchange (ETDEWEB)

    None,

    1979-01-01

    This volume documents the preliminary design developed for the Solar Total Energy System to be installed at Fort Hood, Texas. Current system, subsystem, and component designs are described and additional studies which support selection among significant design alternatives are presented. Overall system requirements which form the system design basis are presented. These include program objectives; performance and output load requirements; industrial, statutory, and regulatory standards; and site interface requirements. Material in this section will continue to be issued separately in the Systems Requirements Document and maintained current through revision throughout future phases of the project. Overall system design and detailed subsystem design descriptions are provided. Consideration of operation and maintenance is reflected in discussion of each subsystem design as well as in an integrated overall discussion. Included are the solar collector subsystem; the thermal storage subsystem, the power conversion sybsystem (including electrical generation and distribution); the heating/cooling and domestic hot water subsystems; overall instrumentation and control; and the STES building and physical plant. The design of several subsystems has progressed beyond the preliminary stage; descriptions for such subsystems are therefore provided in more detail than others to provide complete documentation of the work performed. In some cases, preliminary design parameters require specific verificaton in the definitive design phase and are identified in the text. Subsystem descriptions will continue to be issued and revised separately to maintain accuracy during future phases of the project. (WHK)

  1. Preliminary mapping of surficial geology of Midway Valley Yucca Mountain Project, Nye County, Nevada; Yucca Mountain Site Characterization Project

    Energy Technology Data Exchange (ETDEWEB)

    Wesling, J.R.; Bullard, T.F.; Swan, F.H.; Perman, R.C.; Angell, M.M. [Geomatrix Consultants, Inc., San Francisco, CA (United States); Gibson, J.D. [Sandia National Labs., Albuquerque, NM (United States)

    1992-04-01

    The tectonics program for the proposed high-level nuclear waste repository at Yucca Mountain in southwestern Nevada must evaluate the potential for surface faulting beneath the prospective surface facilities. To help meet this goal, Quaternary surficial mapping studies and photolineament analyses were conducted to provide data for evaluating the location, recency, and style of faulting with Midway Valley at the eastern base of Yucca Mountain, the preferred location of these surface facilities. This interim report presents the preliminary results of this work.

  2. Financing renewable energy: Obstacles and solutions

    Energy Technology Data Exchange (ETDEWEB)

    Brown, M.H.

    1994-06-01

    The majority of renewable energy technology projects now being developed use long term project financing to raise capital. The financial community scrutinizes renewables more closely than some conventionally fueled electric generation facilities because it perceives renewables as risky and expensive. Renewables pay for this perceived risk through higher interest charges and other more restrictive loan covenants. Risks that are not eliminated in the power sales agreement or through some other means generally result in higher project costs during financing. In part, this situation is a product of the private placement market and project finance process in which renewable energy facilities must function. The project finance process attracts banks and institutional lenders as well as equity investors (often pension funds) who do not want to place their capital at great risk. Energy project finance exists on the basis of a secure revenue stream and a thorough understanding of electric generation technology. Renewables, like all energy projects, operating in uncertain regulatory environments are often difficult to finance. In the uncertain regulatory environment in which renewables now operate, investors and lenders are nervous about challenges to existing contracts between independent power producers and utilities. Challenges to existing contracts could foretell challenges to contracts in the future. Investors and lenders now look to state regulatory environments as an indicator of project risk. Renewable energy technology evolves quickly. Yet, often the information about technological evolution is not available to those who invest in the energy projects. Or, those who have invested in new renewable energy technology in the past have lost money and are nervous about doing so in the future - even though technology may have improved. Inadequate or unfavorable information is a barrier to the development of renewables.

  3. Knowledge and practice review in water sector financing

    CSIR Research Space (South Africa)

    Godfrey, M

    2009-05-01

    Full Text Available There is global acknowledgement that the financing of water projects is not easy. Preparation of water sector projects is understood to take long and still when they are finally financed, cost-recovery is comparatively difficult. The challenges...

  4. New Financing Schemes of Public Infrastructure

    OpenAIRE

    Ignacio de la Riva

    2017-01-01

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

  5. Strategy Analyses of An Application of Franchise Project Financing in the Field of Railway%特许权项目融资在铁路领域应用的策略分析

    Institute of Scientific and Technical Information of China (English)

    饶为富; 梁宁

    2009-01-01

    以铁路和谐发展为研究对象,指出铁路融资要解决资金结构问题,认为公私合作项目融资是目前我国铁路建设理论上的最佳制度化融资方案,为非公资本投资铁路提供决策理论参考,并为铁路和谐发展实现融资目标提供思想借鉴.采用了抽象、归纳与类比方法,对公私合作项目融资进行了实证分析,提出在现有约束条件基础上,通过放宽市场准人限制,引入竞争,建立合资铁路特许权经营制度,以政府为主导,以私人部门出资30%~40%计算.可以为铁路和谐发展节约国家投资0.6~0.8万亿元.这一结构性融资制度对我国铁路发展具有战略意义.%Based on the harmonious development of the railway,the paper concludes that the key problem of capital structure must be resolved in railway financing, and suggests the optimum structural solution theoretically to the railroading of the national railways, and provides ideaistic reference to decision-making of the private capitals investing the railway and to the solutions to financing in the course of the harmonious development of railway. By positively analyzing to the PPP project financing,the methods of abstracting,summing up and analogy are adopted to put forward to practise the government-oriented PPP project financing by broadening the restrictions of market entrance on the bases of the current restrictions, introducing competition, setting up franchise business system of J-V railways. It can curtail public investment around 600~800 billion RMB for the development of railway harmonious development according to the private partner investing 30%~40% scale. This structural financing policy will produce strategic significance for the harmonious development of our national railway.

  6. Modelo de contrato EPC - Engineering, Procuremenet and Construction - como instrumento de redução de riscos e custos em Project Finance de geração de energia Hidrelétrica no Brasil

    OpenAIRE

    Ribeiro Filho, Valfredo de Assis

    2008-01-01

    O atual Modelo Institucional do Setor Elétrico, devido aos critérios para outorga das concessões e autorizações, tem incentivado a implantação de projetos de geração de energia através de project finances, mediante negociação de contratos de construção na modalidade EPC (Engineering, Procurement and Construction) Turnkey Lump Sum (contrato de empreitada global com preço e prazo determinados). Um Contrato EPC incompleto ou mal elaborado aumenta a exposição do empreendedor ao risco de aumento d...

  7. Contemporary state and possibilities of improvement of local infrastructures for leisure-time physical activity from the aspect of national policy, planning, building, financing and management - the Impala project, part ii.

    Directory of Open Access Journals (Sweden)

    Filip Neuls

    2013-01-01

    Full Text Available BACKGROUND: The second part of the IMPALA project was based on a wide discussion dealing with the problem of improving the local infrastructure for leisure time physical activity (LTPA from practical and specific points of view that were represented by invited participants from all Czech regions. One of the results of the IMPALA project was the finding from some experts that physical environment mostly in adults contribute to an increase of physical activity. AIM: The main aim of this part of the IMPALA project is to present specifically discussed problems from the area of national policy, planning, building, financing and management of the infrastructure for LTPA. METHODS: A discussion was held during a national workshop that was organized in June 2010 at the Faculty of Physical Culture, Palacký University in Olomouc and had a strictly structured programme that was announced and prepared by the main project coordinator. A discussion took place firstly in small groups according to each section (planning, building, financing, and management toward the assessment of a contemporary state and later on proposals whether some improvements exist. RESULTS: The biggest problem connected with planning is the non-existence of external as well as an internal evaluation of a planning process. In the building area the main problem is the accessibility of infrastructures in small villages; social-spatial aspects are not taken into account and building is also influenced by land ownership. Financing of local infrastructures for LTPA is very diverse, from public sources to private and also in different business models. Existing financial models are secured by law contracts and taken into account by operating costs. Focusing on management of infrastructures differs according to the owner, to financial sources, and to the type of infrastructure. Overemphasizing of top sport means higher allocation of finance mostly into sport infrastructures that are not or

  8. Price increase and credit crunch: a double punishment for the financing of energy projects. Review of the Ifri Energy Breakfast Roundtable, 25 November 2008 in Brussels; Hausse des prix et baisse des credits: double peine pour le financement de l'energie - Compte-rendu du 'Ifri Energy Breakfast Roundtable' du 25 Novembre 2008 a Bruxelles

    Energy Technology Data Exchange (ETDEWEB)

    Schulke, Ch.

    2009-07-01

    The roundtable starts by giving an overview of the consequences of the sharp decrease of the oil price and the credit crunch for the financing of energy projects. Some analysts say that under-investment will be the main result and they hence predict a major supply crunch in some year's time. Others are more optimistic and point to the compensation and mitigating effects of the current situation, e.g. demand destruction and substitution. So a major question for the future is the extent of demand destruction that has happened: will this demand come back once the economic crisis is over? Furthermore, as developing costs decrease, will lower cost pressure allow some important projects to go forward? Finally, will the low oil revenue have an influence on producer countries stance on foreign investment by International Oil Companies? A discussion with the audience follows the presentations

  9. Ningbo Rail Transit Investment and Financing Mode of Ningbo Rail Transit Project with Some Suggestions%宁波轨道交通投融资思考与建议

    Institute of Scientific and Technical Information of China (English)

    林轶琼

    2015-01-01

    Rail transit projects take up large amount of construction funds, bring a heavy burden to the government. The financing source for Ningbo rail transit project is traditional pattern of "government + bank". This pattern cannot change the situation of too narrow financing channel for rail transit project, and the government still has to bear heavy pressure form project investment, rail operation and debt paying. However, Public-private partnership (PPP) mode has already been applied to rail transit projects and has left over good experience. PPP mode lets social capitals undertake the task of construction and operation for profitable parts of public projects, which takes advantage of social capitals’more professional at company management and risk taking,so that the government can return to the initial role of market supervision and social service.%轨道交通项目需要占用大量建设资金,给政府带来沉重的财政负担。宁波的轨道交通项目资金来源为传统的“政府+银行”模式。该模式无法改变宁波轨道交通投融资渠道狭窄的局面,政府依然承载投资、经营及还债的沉重压力。公私合作的PPP模式在轨道交通上已有良好的实践经验,该模式通过让社会资本承担轨道交通项目可营利部分的建设与运营,发挥了社会资本擅长经营、擅长承担风险的优势,让政府回到市场监督与社会服务的最初角色。

  10. SINGLE-SHELL TANK INTEGRITY PROJECT ANALYSIS OF RECORD-PRELIMINARY MODELING PLAN FOR THERMAL AND OPERATING LOADS

    Energy Technology Data Exchange (ETDEWEB)

    RAST RS; RINKER MW; BAPANAALLI SK; DEIBLER JE; GUZMAN-LEONG CE; JOHNSON KI; KARRI NK; PILLI SP; SANBORN SE

    2010-10-22

    This document is a Phase I deliverable for the Single-Shell Tank Analysis of Record effort. This document is not the Analysis of Record. The intent of this document is to guide the Phase II detailed modeling effort. Preliminary finite element models for each of the tank types were developed and different case studies were performed on one or more of these tank types. Case studies evaluated include thermal loading, waste level variation, the sensitivity of boundary effects (soil radial extent), excavation slope or run to rise ratio, soil stratigraphic (property and layer thickness) variation at different farm locations, and concrete material property variation and their degradation under thermal loads. The preliminary analysis document reviews and preliminary modeling analysis results are reported herein. In addition, this report provides recommendations for the next phase of the SST AOR project, SST detailed modeling. Efforts and results discussed in this report do not include seismic modeling as seismic modeling is covered by a separate report. The combined results of both static and seismic models are required to complete this effort. The SST AOR project supports the US Department of Energy's (DOE) Office of River Protection (ORP) mission for obtaining a better understanding of the structural integrity of Hanford's SSTs. The 149 SSTs, with six different geometries, have experienced a range of operating histories which would require a large number of unique analyses to fully characterize their individual structural integrity. Preliminary modeling evaluations were conducted to determine the number of analyses required for adequate bounding of each of the SST tank types in the Detailed Modeling Phase of the SST AOR Project. The preliminary modeling was conducted in conjunction with the Evaluation Criteria report, Johnson et al. (2010). Reviews of existing documents were conducted at the initial stage of preliminary modeling. These reviews guided the topics

  11. A First Preliminary Look: Are Corridor Charging Stations Used to Extend the Range of Electric Vehicles in The EV Project?

    Energy Technology Data Exchange (ETDEWEB)

    John Smart

    2013-01-01

    A preliminary analysis of data from The EV Project was performed to begin answering the question: are corridor charging stations used to extend the range of electric vehicles? Data analyzed were collected from Blink brand electric vehicle supply equipment (EVSE) units based in California, Washington, and Oregon. Analysis was performed on data logged between October 1, 2012 and January 1, 2013. It should be noted that as additional AC Level 2 EVSE and DC fast chargers are deployed, and as drivers become more familiar with the use of public charging infrastructure, future analysis may have dissimilar conclusions.

  12. 77 FR 2289 - FFP Project 33, LLC and Northland Power Mississippi River LLC; Notice Announcing Preliminary...

    Science.gov (United States)

    2012-01-17

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission FFP Project 33, LLC and Northland Power Mississippi River LLC; Notice... filed by FFP Project 33, LLC for Project No. 12924- 002, and Northland Power Mississippi River LLC...

  13. 77 FR 2290 - FFP Project 18, LLC, Northland Power Mississippi River LLC; Notice Announcing Preliminary Permit...

    Science.gov (United States)

    2012-01-17

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission FFP Project 18, LLC, Northland Power Mississippi River LLC; Notice..., in St. James Parish, Louisiana. The applications were filed by FFP Project 18, LLC for Project...

  14. 77 FR 2288 - FFP Project 7, LLC and Northland Power Mississippi River LLC; Notice Announcing Preliminary...

    Science.gov (United States)

    2012-01-17

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission FFP Project 7, LLC and Northland Power Mississippi River LLC; Notice... by FFP Project 7, LLC for Project No. 12851-002, and Northland Power Mississippi River LLC...

  15. 77 FR 2287 - FFP Project 40, LLC and Northland Power Mississippi River LLC; Notice Announcing Preliminary...

    Science.gov (United States)

    2012-01-17

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission FFP Project 40, LLC and Northland Power Mississippi River LLC; Notice... applications were filed by FFP Project 40, LLC for Project No. 12929-002, and Northland Power Mississippi...

  16. FINANCING OF INTERNATIONAL TRANSACTIONS

    Directory of Open Access Journals (Sweden)

    RADU NICOLAE BĂLUNĂ

    2013-02-01

    Full Text Available Financing (funding is essentially the purchase of funds necessary for a business. This can be done from internal sources (company’s own funds or external (borrowed funds. The high value of goods traded in international trade makes revenues generated from internal resources not sufficient to settle the value of the goods. Thus, it is frequent to resort to borrowed funds. In International Business Transactions, external financing is done both by classical techniques of credit (credit supplier and buyer credit and modern techniques of financing (factoring, forfeiting, leasing all trade tailored. In terms of the length of financing, accounting funding is short-term (1-12 months and long-term financing (over a year. In principle, export and import operations prevailing short-term financing techniques, while international investment and industrial cooperation actions are specific long-term funding

  17. Optimisation of small-scale hydropower using quality assurance methods - Preliminary project; Vorprojekt: Optimierung von Kleinwasserkraftwerken durch Qualitaetssicherung. Programm Kleinwasserkraftwerke

    Energy Technology Data Exchange (ETDEWEB)

    Hofer, S.; Staubli, T.

    2006-11-15

    This comprehensive final report for the Swiss Federal Office of Energy (SFOE) presents the results of a preliminary project that examined how quality assurance methods can be used in the optimisation of small-scale hydropower projects. The aim of the project, to use existing know-how, experience and synergies, is examined. Discrepancies in quality and their effects on production prices were determined in interviews. The paper describes best-practice guidelines for the quality assurance of small-scale hydro schemes. A flow chart describes the various steps that have to be taken in the project and realisation work. Information collected from planners and from interviews made with them are presented along with further information obtained from literature. The results of interviews concerning planning work, putting to tender and the construction stages of these hydro schemes are presented and commented on. Similarly, the operational phase of such power plant is also examined, including questions on operation and guarantees. The aims of the follow-up main project - the definition of a tool and guidelines for ensuring quality - are briefly reviewed.

  18. 医疗设备融资租赁项目流程及风险防范探讨%Medical equipment financing lease project process and risk prevention

    Institute of Scientific and Technical Information of China (English)

    刘岩; 何伟

    2012-01-01

    Objective: Financing lease of medical equipment has the feature of flexible and easy application, less one time investment of funds, etc. It can quickly update the medical equipments to enhance the competitiveness of the hospital. Methods: Through the study of the literatures and investigation, this paper is aimed to introduce the basic concept and comparative advantage of the financing lease, comparing with the government loads and bank advances. Results: The article also expatiates the project process of the two typical financing lease models, the direct lease model and the sale-lease back model. Four decision- making analysis theories of leasing project are proposed, including the NPV theory, analogy estimation theory, comparing the present value of the cost theory and the expert judgments theory. Conclusion: The paper provides the risk prevention techniques during the financing project.%目的:医疗设备融资租赁具有操作灵活简便、资金一次性投入少等特点,能快速更新医院设备,提升医院竞争力。方法:通过文献分析和调查,介绍医疗设备融资租赁的含义,并与银行融资、政府贷款融资作比较,以及在融资项目中医院应采取的风险防范措施。结果:重点介绍直接租赁和售后回租,两种典型租赁模式的项目执行流程;并提出融资租赁项目决策分析的4种理论即净现值理论、类比估算理论、成本现值比较理论和专家判断理论。结论:医疗机构若利用融资租赁来购入先进的医疗设备,需要对融资租赁的项目流程有基本的了解,科学决策,审慎签订租赁合同。

  19. Digitally Financed Energy

    OpenAIRE

    Waldron, Daniel; Faz, Xavier

    2016-01-01

    The expansion of digital finance systems in the developing world has altered this financial context and enabled new business models that rely on small, regular payments. In the off-grid energy sector a group of solar companies, primarily in East Africa and South Asia, are leveraging digital finance to offer pay-as-you-go (PAYG) energy. This brief explains how digital finance is enabling PA...

  20. 创新军民融合项目投融资管理的分析%Analysis of Innovative Investment and Financing Management for Civil-military Integration Project

    Institute of Scientific and Technical Information of China (English)

    尤玉莲; 王哲

    2016-01-01

    财力资源是军民融合的物质基础,新形势下军民融合项目投融资需要统筹政策规划和经费分配、拓展经费渠道、建立针对性的管理方法。着眼新形势下推动军民融合深度发展,军地各级部门要协调计划和市场的作用、科学划定财力保障责任、创新管理模式,搭建起军民融合项目投融资的顶层制度框架,发挥好财政的统筹财力配置的作用,遵循经济规律做好对军民融合投融资的监管。%Financial resource is the material basis of civil-military integration. Under the new situation civil-military integration project investment and financing needs to ordinate policy planning and budget allocation, expand the channels of funds, and establish corresponding management methods. Under the new situation, in order to promote in-depth development of civil-military integration, various civil and military departments need to coordinate the role of plans and market, define financial guarantee responsibility scientifically, innovate management mode, set up the top civil-military integration project investment and financing system framework, play well the role of finance a whole financial resources configuration, follow the economic law regulation of investment and monitor well civil-military integration.

  1. Stakeholder Choices in Adaptation and Public Finance Planning for Coastal Hazard Mitigation in a Changing World: Highlights from Case Studies in Santos, Brazil, Broward County, FL, US and Selsey, UK (The METROPOLE Project)

    Science.gov (United States)

    Muller-Karger, F. E.; Merrill, S.; Pelling, M.; Marengo, J. A.; Reynolds, C. J.; Langbehn, K.; Paterson, S.; Nunes, L. H.; Kartez, J.; Lockman, J. T.

    2016-12-01

    Better integration of the human dimensions (values, beliefs, cultural identity, place, risk perceptions, communications, decision making) with scientific, technical, and economic data is required to advance effective municipal planning for adaptation to changes that can be expected to occur based on a changing climate. The international METROPOLE project offers practical insights and a path forward for coastal communities around the world with results from applied research carried out by social scientists, natural scientists, and practitioners working in coastal municipalities in Brazil, the United Kingdom, and the United States. Decision makers were interviewed to assess the Adaptive Capacity of their communities, and stakeholders were engaged in workshops to discuss the risks due to projected sea level rise (SLR) in terms of impacts and costs to property. The team investigated the social, cultural, and governance factors that shape decision making. Municipal leaders and local experts selected the SLR scenarios and adaptation options to be modelled using COAST, a state-of-the-art tool. The visualizations and risk maps integrated scientific and local economic data, and illustrated the potential impacts on 10,000 properties in each study area. Stakeholders voted on parameters to determine the cost-benefit ratio of potential adaptation options. Stakeholder priorities for local adaption planning, agreement with the need for increased fees/taxes, and acceptability of possible public finance mechanisms were evaluated with pre- and post-workshop surveys. The research identified similar patterns of adaptation "priorities" and new insight into how stakeholders consider public finance mechanisms for local action, in the context of "fiscal benefits and burdens." The research suggests implications for small towns, land-use policy changes, implementing adaptation options which deliver short and long-term benefits, and, for state and local governments to develop finance policy

  2. 高校后勤BOT融资模式的风险模糊综合评价%Fuzzy Comprehensive Assessment of Finance Risks in College Logistic BOT Project

    Institute of Scientific and Technical Information of China (English)

    王付海

    2012-01-01

    As our college logistics socialization process accelerateing,the BOT financing model is widely applied.Through the literature reading and case collection,the main finance risks existed in college logistic BOT project is summarized,as well as the origin of risks and their possible consequences.And then the method of fuzzy comprehensive assessment is applied to evaluate the main risks in the case of a university swimming pool.The result of quantitative analysis provides beneficial references for the risk management of college logistic BOT project.%随着我国高校后勤社会化进程的加快,BOT融资模式得到了广泛应用。文章通过文献阅读和案例收集归纳总结了高校后勤BOT项目存在的主要风险,以及各种风险的来源和可能产生的后果。在此基础上,以某高校的游泳馆为研究对象,引入模糊综合评价方法对该项目的主要风险进行评估,量化的分析结果可为高校后勤BOT项目中的风险管理提供有益参考。

  3. Advice presented on behalf of the commission of national defence and army, about the 2005 finances law project (no. 1800). Tome 2, defense, nuclear deterrence; Avis presente au nom de la commission de la defense nationale et de forces armees, sur le projet de loi de finances pour 2005 (no. 1800). Tome 2, defense, dissuasion nucleaire

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2004-10-01

    Nuclear deterrence still represents an important part of French military budgets. However, its relative share is progressively reducing with the progress of the big programs implemented for its modernization. The 2005 finances law project rules out any risk of threat on these programs. This report presents, first, the schedule of the renewal of the strategic oceanic fleet (the M51 missile and the new generation of submarines) and the strategic air forces. Then, it comments the programs in progress at the direction of military applications of the atomic energy commission (CEA): a significant part of funds devoted to nuclear deterrence, the evolution of the simulation program, the delicate question of the financing of the dismantling of fissile material production facilities. Finally, it stresses of the research effort to sustain in order to stand the evolution of threats and to warrant the perenniality of deterrence: nuclear proliferation remains worrying and technologies linked with deterrence are changing rapidly, the need of a constant research effort in order to keep the competences up. (J.S.)

  4. Projected effects of proposed chloride-control projects on shallow ground water; preliminary results for the Wichita River basin, Texas

    Science.gov (United States)

    Garza, Sergio

    1983-01-01

    The U.S. Army Corps of Engineers' plan to control the natural chloride pollution in the Wichita River basin includes the construction of Truscott Brine Lake on a tributary of the North Wichita River. In connection with the proposed brine lake, the U.S. Geological Survey was requested to: (1) Define the existing ground-water conditions in the shallow fresh-water system of the project area; and (2) project the post-construction effects of the proposed lake on the fresh-water aquifer, especially in relation to hydraulic-head changes but also with respect to possible changes in the chemical quality of the ground water.

  5. Solar thermal financing guidebook

    Energy Technology Data Exchange (ETDEWEB)

    Williams, T.A.; Cole, R.J.; Brown, D.R.; Dirks, J.A.; Edelhertz, H.; Holmlund, I.; Malhotra, S.; Smith, S.A.; Sommers, P.; Willke, T.L.

    1983-05-01

    This guidebook contains information on alternative financing methods that could be used to develop solar thermal systems. The financing arrangements discussed include several lease alternatives, joint venture financing, R and D partnerships, industrial revenue bonds, and ordinary sales. In many situations, alternative financing arrangements can significantly enhance the economic attractiveness of solar thermal investments by providing a means to efficiently allocate elements of risk, return on investment, required capital investment, and tax benefits. A net present value approach is an appropriate method that can be used to investigate the economic attractiveness of alternative financing methods. Although other methods are applicable, the net present value approach has advantages of accounting for the time value of money, yielding a single valued solution to the financial analysis, focusing attention on the opportunity cost of capital, and being a commonly understood concept that is relatively simple to apply. A personal computer model for quickly assessing the present value of investments in solar thermal plants with alternative financing methods is presented in this guidebook. General types of financing arrangements that may be desirable for an individual can be chosen based on an assessment of his goals in investing in solar thermal systems and knowledge of the individual's tax situation. Once general financing arrangements have been selected, a screening analysis can quickly determine if the solar investment is worthy of detailed study.

  6. When Art & Finance Collide

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    Fine art and big finance are proving a profitable combination in China but questions of authenticity need to be addressed CHINA’S art market is on fire.As sales and prices break records,a new force has appeared in the market - organized art finance in the form of art trust funds and artwork exchanges.

  7. POST BEHAVIORAL FINANCE ADOLESCENCE

    Directory of Open Access Journals (Sweden)

    ADRIAN MITROI

    2016-12-01

    Full Text Available The study of behavioral finance combines the investigation and expertise from research and practice into smart portfolios of individual investors’ portfolios. Understanding cognitive errors and misleading emotions drive investors to their long-term goals of financial prosperity and capital preservation. 10 years ago, Behavioral Finance was still considered an incipient, adolescent science. First Nobel Prize in Economics awarded to the study of Behavioral Economics in 2002 established the field as a new, respected study of economics. 2013 Nobel Prize was awarded to three economists, one of them considered the one of the founders of the Behavioral Finance. As such, by now we are entering the coming of age of behavioral finance. It is now recognized as a science of understanding investors behaviors and their biased patterns. It applies quantitative finance and provides practical models grounded on robust understanding of investors behavior toward financial risk. Financial Personality influences investment decisions. Behavioral portfolio construction methods combine classic finance with rigorously quantified psychological metrics and improves models for financial advice to enhance investors chances in reaching their lifetime financial goals. Behavioral finance helps understanding psychological profile dissimilarities of individuals and how these differences manifest in investment decision process. This new science has become now a must topic in modern finance.

  8. Caring finance practices

    NARCIS (Netherlands)

    I.P. van Staveren (Irene)

    2013-01-01

    textabstractThe 2008 financial crisis has demonstrated the failure of both utilitarian and deontological ethics in finance. Alternatives do not need to be created from nothing, because the crisis itself has stimulated the emergence of ethically sound finance practices from within the sector. This ar

  9. Public Library Finance.

    Science.gov (United States)

    Mason, Marilyn Gell

    This study reviews trends in public library finance; examines recent political, economic, and technological changes; and assesses the impact of these changes on public library services. A history of the public library in America is presented, as well as an analysis of the principles of economics and public finance which reveals that current…

  10. Caring finance practices

    NARCIS (Netherlands)

    I.P. van Staveren (Irene)

    2013-01-01

    textabstractThe 2008 financial crisis has demonstrated the failure of both utilitarian and deontological ethics in finance. Alternatives do not need to be created from nothing, because the crisis itself has stimulated the emergence of ethically sound finance practices from within the sector. This

  11. Public Education Finances, 2006

    Science.gov (United States)

    US Census Bureau, 2008

    2008-01-01

    The United States Census Bureau conducts an Annual Survey of Government Finances as authorized by law under Title 13, United States Code, Section 182. The 2006 survey, similar to other annual surveys and censuses of governments conducted for many years, covers the entire range of government finance activities--revenue, expenditure, debt, and…

  12. Public Education Finances, 2008

    Science.gov (United States)

    US Census Bureau, 2010

    2010-01-01

    The United States Census Bureau conducts an Annual Survey of Government Finances as authorized by law under Title 13, United States Code, Section 182. The 2008 survey, similar to other annual surveys and censuses of governments conducted for many years, covers the entire range of government finance activities--revenue, expenditure, debt, and…

  13. Public Education Finances, 2007

    Science.gov (United States)

    US Census Bureau, 2009

    2009-01-01

    Every five years, the U.S. Census Bureau conducts a Census of Government Finance, as authorized by law under Title 13, U.S. Code, Section 182. The 2007 Census, similar to annual surveys and censuses of governments conducted for many years, covers the entire range of government finance activities--revenue, expenditure, debt, and assets (cash and…

  14. Public Education Finances, 2003

    Science.gov (United States)

    US Department of Commerce, 2005

    2005-01-01

    The United States Census Bureau conducts an Annual Survey of Government Finances as authorized by law under Title 13, United States Code, Section 182. The 2003 survey, similar to other annual surveys and censuses of governments conducted for many years, covers the entire range of government finance activities--revenue, expenditure, debt, and…

  15. Public Education Finances, 2005

    Science.gov (United States)

    US Census Bureau, 2007

    2007-01-01

    The United States Census Bureau conducts an Annual Survey of Government Finances as authorized by law under Title 13, United States Code, Section 182. The 2005 survey, similar to other annual surveys and censuses of governments conducted for many years, covers the entire range of government finance activities--revenue, expenditure, debt, and…

  16. Modeling and assessing international climate financing

    Science.gov (United States)

    Wu, Jing; Tang, Lichun; Mohamed, Rayman; Zhu, Qianting; Wang, Zheng

    2016-06-01

    Climate financing is a key issue in current negotiations on climate protection. This study establishes a climate financing model based on a mechanism in which donor countries set up funds for climate financing and recipient countries use the funds exclusively for carbon emission reduction. The burden-sharing principles are based on GDP, historical emissions, and consumptionbased emissions. Using this model, we develop and analyze a series of scenario simulations, including a financing program negotiated at the Cancun Climate Change Conference (2010) and several subsequent programs. Results show that sustained climate financing can help to combat global climate change. However, the Cancun Agreements are projected to result in a reduction of only 0.01°C in global warming by 2100 compared to the scenario without climate financing. Longer-term climate financing programs should be established to achieve more significant benefits. Our model and simulations also show that climate financing has economic benefits for developing countries. Developed countries will suffer a slight GDP loss in the early stages of climate financing, but the longterm economic growth and the eventual benefits of climate mitigation will compensate for this slight loss. Different burden-sharing principles have very similar effects on global temperature change and economic growth of recipient countries, but they do result in differences in GDP changes for Japan and the FSU. The GDP-based principle results in a larger share of financial burden for Japan, while the historical emissions-based principle results in a larger share of financial burden for the FSU. A larger burden share leads to a greater GDP loss.

  17. Preliminary Water Assessment Reports of The Test Basins of The Watch Project

    NARCIS (Netherlands)

    Ludwig, F.; Candel, M.; Carrera, J.; Fendekova, M.; Haddeland, I.; Horacek, S.; Jodar, J.; Koutroulis, A.; Navorro, V.; Tsanis, I.

    2008-01-01

    This report presents the initial plans of the case studies how they link to rest of the Watch project and on which water resources they will focus. This report will function as the basis for further discussions on how to improve the integration of the case studies within the project and to develop a

  18. Instruments for competing claims on natural resources : preliminary assessment of KB 2011 projects

    NARCIS (Netherlands)

    Silvis, H.J.; Bodegom, van A.J.

    2011-01-01

    This report results from the project ‘Competing Claims on Natural Resources (overkoepelend instrumentarium)’ in the KB programme of 2011. In short the terms of reference of this report are as follows: Give an overview of instruments developed in other KB projects relevant for the analysis of Competi

  19. The CERI INSET Project: A Description and a Preliminary Evaluation of International Co-development Work.

    Science.gov (United States)

    Henderson, Euan S.

    1982-01-01

    Between 1975 and 1980, the Organization for European Cooperation and Development's Centre for Educational Research and Innovation engaged in a project to enable member countries to share innovative approaches to inservice teacher education. Several aspects of the inservice education for teachers (INSET) project are discussed. (CJ)

  20. Q-Sync Motors in Commercial Refrigeration. Preliminary Test Results and Projected Benefits

    Energy Technology Data Exchange (ETDEWEB)

    Fricke, Brian A. [Oak Ridge National Lab. (ORNL), Oak Ridge, TN (United States); Becker, Bryan R. [Oak Ridge National Lab. (ORNL), Oak Ridge, TN (United States)

    2015-09-01

    This report provides background information on various fractional-horsepower electric motor technologies, summarizes initial data from a DOE-sponsored Q-Sync motor demonstration project, and extrapolates that data to project the potential economic and environmental benefits resulting from upgrading the current installed base of 9–12 W evaporator fan motors to Q-Sync motors.

  1. Programs of financing of foreign trade ebrr and their implementation in Ukraine

    OpenAIRE

    Kovtonyuk, O.

    2009-01-01

    In the article justified the importance of IMF and Worldbank Group in the financing of international trade, and carried out the analysis of international trade projects financing, which have been implemented in Ukraine.

  2. Debt Financing: Academia's Funding Alternative.

    Science.gov (United States)

    Baum, Rudy M.

    1981-01-01

    Discusses debt financing as a way to help universities alleviate the problems of obsolete scientific equipment and facilities for research. Reviews several forms of tax-exempt financing and takes note of some of the advantages of debt financing. (CS)

  3. Water Finance Forum - New Jersey

    Science.gov (United States)

    Presentations and materials from the Regional Finance Forum, Financing Resilient and Sustainable Water Infrastructure, held in Iselin, New Jersey, on December 2, 2015. The forum was co-sponsored by EPA's Water Infrastructure and Resiliency Finance Center,

  4. Drift design methodology and preliminary application for the Yucca Mountain Site Characterization Project; Yucca Mountain Site Characterization Project

    Energy Technology Data Exchange (ETDEWEB)

    Hardy, M.P. [Agapito (J.F.T.) and Associates, Inc., Grand Junction, CO (United States); Bauer, S.J. [Sandia National Labs., Albuquerque, NM (United States)

    1991-12-01

    Excavation stability in an underground nuclear waste repository is required during construction, emplacement, retrieval (if required), and closure phases to ensure worker health and safety, and to prevent development of potential pathways for radionuclide migration in the post-closure period. Stable excavations are developed by appropriate excavation procedures, design of the room shape, design and installation of rock support reinforcement systems, and implementation of appropriate monitoring and maintenance programs. In addition to the loads imposed by the in situ stress field, the repository drifts will be impacted by thermal loads developed after waste emplacement and, periodically, by seismic loads from naturally occurring earthquakes and underground nuclear events. A priori evaluation of stability is required for design of the ground support system, to confirm that the thermal loads are reasonable, and to support the license application process. In this report, a design methodology for assessing drift stability is presented. This is based on site conditions, together with empirical and analytical methods. Analytical numerical methods are emphasized at this time because empirical data are unavailable for excavations in welded tuff either at elevated temperatures or under seismic loads. The analytical methodology incorporates analysis of rock masses that are systematically jointed, randomly jointed, and sparsely jointed. In situ thermal and seismic loads are considered. Methods of evaluating the analytical results and estimating ground support requirements for all the full range of expected ground conditions are outlines. The results of a preliminary application of the methodology using the limited available data are presented. 26 figs., 55 tabs.

  5. Frictional sliding in layered rock model: Preliminary experiments. Yucca Mountain Site Characterization Project

    Energy Technology Data Exchange (ETDEWEB)

    Perry, K.E. Jr.; Buescher, B.J.; Anderson, D.; Epstein, J.S. [Idaho National Engineering Lab., Idaho Falls, ID (United States)

    1995-09-01

    An important aspect of determining the suitability of Yucca Mountain as a possible nuclear waste repository requires understanding the mechanical behavior of jointed rock-masses. To this end we have studied the frictional sliding between simulated rock joints in the laboratory using the technique of phase shifting moire interferometry. The models were made from stacks of Lexan plates and contained a central hole to induce slip between the plates when the models were loaded in compression. These preliminary results confirm the feasibility of the approach and show a clear evolution of slip as function of load.

  6. Heat recovery and seed recovery development project: preliminary design report (PDR)

    Energy Technology Data Exchange (ETDEWEB)

    Arkett, A. H.; Alexander, K. C.; Bolek, A. D.; Blackman, B. K.; Kurrle, P. E.; Tram, S. V.; Warren, A. M.; Ziobrowski, A. J.

    1981-06-01

    The preliminary design and performance characteristics are described of the 20 MWt heat recovery and seed recovery (HRSR) system to be fabricated, installed, and evaluated to provide a technological basis for the design of commercial size HRSR systems for coal-fired open-cycle MHD power plants. The system description and heat and material balances, equipment description and functional requirements, controls, interfacing systems, and operation and maintenance are detailed. Appendices include: (1) recommended environmental requirements for compliance with federal and state of Tennessee regulations, (2) channel and diffuser simulator, (3) equipment arrangement drawings, and (4) channel and diffuser simulator barrel drawings. (WHK)

  7. 城市轨道交通工程公私合作融资项目风险分析与管理%Risk Analysis and Management on PPP Project of Urban Mass Transit Financing Mode

    Institute of Scientific and Technical Information of China (English)

    盛雪艳; 王建波

    2011-01-01

    公私合作(PPP)模式有效解决了政府部门在轨道交通建设方面资金不足的问题,但因其组织结构复杂、时间跨度长、牵扯面广而使潜在风险巨大.对PPP项目融资过程中的风险进行了分析,对其如何分担、管理进行了阐述.通过分析风险管理的概念、过程和框架,以及相应的风险防范与管理对策,为PPP模式在城市轨道交通中的应用提供有益的帮助.%PPP is a new project co-operation model, an effective solution to the government departments which ofter racer of insufficient funds in mass transit construction. However, because of the complexity, long time-span and wide range of the organizational structure, the potential risks are great. Therefore, the study on PPP model risks in project financing as well as their distribution and management is extremely important. This article analyzes the risks involved in project finance, then explaines how to share and manage the risks. By analyzing the concept of risk management, processe and framework, the corresponding prevention and management measures, this paper provides a useful reference for the application of PPP model in urban rail transit.

  8. 78 FR 43870 - Hydrogen Energy California's Integrated Gasification Combined Cycle Project; Preliminary Staff...

    Science.gov (United States)

    2013-07-22

    ... petroleum coke (petcoke) into a synthesis gas (syngas). The facility would gasify the fuel blend to produce... referred to as a poly-generation (or polygen) plant. The project could generate urea, ammonia, and...

  9. Private Housing or Alternative Financing?

    Science.gov (United States)

    Bruno, Nick

    1999-01-01

    Explores the history of privatizing university housing and some current financing options, including use of developer and private foundations. Examples of successful alternative financing methods are highlighted. (GR)

  10. Instruments for competing claims on natural resources : preliminary assessment of KB 2011 projects

    OpenAIRE

    2011-01-01

    This report results from the project ‘Competing Claims on Natural Resources (overkoepelend instrumentarium)’ in the KB programme of 2011. In short the terms of reference of this report are as follows: Give an overview of instruments developed in other KB projects relevant for the analysis of Competing Claims on Natural Resources. Questions include: What are feasible instruments? What are their advantages and disadvantages? What can or should be applied in specific cases? Is there a need to va...

  11. Preliminary publications book 2 from project on mineral resources, metallogenesis, and tectonics of northeast Asia

    Science.gov (United States)

    Nokleberg, Warren J.; Miller, Robert J.; Naumova, Vera V.; Khanchuk, Alexander I.; Parfenov, Leonid M.; Kuzmin, Mikhail I.; Bounaeva, Tatiana M.; Obolenskiy, Alexander A.; Rodionov, Sergey M.; Seminskiy, Zhan V.; Diggles, Michael F.

    2003-01-01

    This is the Web version of a CD-ROM publication. This report consists of summary major compilations and syntheses accomplished in the six-year project through April 2003 for the study on the Mineral Resources, Metallogenesis, and Tectonics of Northeast Asia (Eastern and Southern Siberia, Mongolia, Northeastern China, South Korea, and Japan). The major scientific goals and benefits of the project are to: (1) provide a comprehensive international data base on the mineral resources of the region that is the first, extensive knowledge available in English; (2) provide major new interpretations of the origin and crustal evolution of mineralizing systems and their host rocks, thereby enabling enhanced, broad-scale tectonic reconstructions and interpretations; and (3) promote trade and scientific and technical exchanges between the North America and Northeast Asia. Data from the project are providing sound scientific data and interpretations for commercial firms, governmental agencies, universities, and individuals that are developing new ventures and studies in the project area, and for land-use planning studies that deal with both mineral potential issues. Northeast Asia has vast potential for known and undiscovered mineral deposits; however, little information existed in English in the West until publication of products from this project. Consequently, data and interpretations from the project are providing basic knowledge for major scientific, commercial, national, and international endeavors by other interested individuals and groups.

  12. TRANSPORTATION BOT SCHEMES FOR PUBLIC AND PRIVATE SECTOR FINANCING SCENARIO ANALYSIS

    Directory of Open Access Journals (Sweden)

    Chien-Hung WEI

    2002-01-01

    Full Text Available Transportation Build-Operate-Transfer financing projects have larger payment risks and failure possibilities than other financing projects, and these factors are essential to financing scenarios. The changes of financing scenarios not only affect private sectors' financing process but the conflict between private sectors and banks. This study broadly reviews relevant factors affecting BOT financing strategies, interviews relevant experts and then uses scenario analysis to design a questionnaire to find out the most important factors affecting BOT financing. The findings of this study are four major factors affecting public and private financing scenarios. In this paper, we also propose some suggestions as possible complements to public and private sector financing strategies.

  13. Novel methods in computational finance

    CERN Document Server

    Günther, Michael; Maten, E

    2017-01-01

    This book discusses the state-of-the-art and open problems in computational finance. It presents a collection of research outcomes and reviews of the work from the STRIKE project, an FP7 Marie Curie Initial Training Network (ITN) project in which academic partners trained early-stage researchers in close cooperation with a broader range of associated partners, including from the private sector. The aim of the project was to arrive at a deeper understanding of complex (mostly nonlinear) financial models and to develop effective and robust numerical schemes for solving linear and nonlinear problems arising from the mathematical theory of pricing financial derivatives and related financial products. This was accomplished by means of financial modelling, mathematical analysis and numerical simulations, optimal control techniques and validation of models. In recent years the computational complexity of mathematical models employed in financial mathematics has witnessed tremendous growth. Advanced numerical techni...

  14. Decision Making in Entrepreneurial Finance: A Behavioral Perspective

    OpenAIRE

    Yazdipour, Rassoul

    2009-01-01

    Central questions in entrepreneurship and entrepreneurial finance are briefly discussed and case is made for the need for applying the behavioral finance theories and models to better understand the decision making dynamics that is involved at each stage of the entrepreneurial process. By dissecting a venture's total risk into a "Resident Risk" component and a "Behavioral Risk" component, attempt is made in this writing to introduce a preliminary risk model for evaluating key retrepreneurial ...

  15. 基于PPP融资模式的公路工程项目风险识别研究%A Study on Identification of the Risk Factors of Highway Projects with PPP(Public-Private Partnership)Financing Mode

    Institute of Scientific and Technical Information of China (English)

    曹聪

    2013-01-01

      公路工程项目实施周期长、施工技术要求高、受环境影响较大,加之PPP融资结构复杂、涉及主体较多,加大了风险管理的难度。文章运用定性与定量分析相结合的方法,通过两个维度五个步骤构建了风险识别系统,强调对关键风险因素的识别,以期对PPP融资模式下公路工程项目的风险识别提供借鉴。%Highway projects are characterized with long implementation circle,high techniques and prone to be affected by environment. The PPP financing model is very complex with varied subjects and thus risky in management. This paper, with the method of integrating qualitative and quantitative analysis, builds the risk identification system from two dimensions and five steps. It emphases the identification of key risk factors. So it can shed light on the PPP financing mode of highway projects’ risk identification.

  16. Essays in Household Finance

    DEFF Research Database (Denmark)

    Hanspal, Tobin

    This Ph.D. thesis, entitled Essays in Household Finance, analyzes the determinants and implications of investment biases, personal experiences in financial markets, and financing disruptions on households, individual investors, and entrepreneurs and small business owners. The first essay...... on risk taking is the potential bias resulting from inertia and inattention, which has been shown to be endemic in household finance. If individuals are inert or inattentive, it is difficult to establish whether changes in risk taking are caused by personal experiences or whether the change in risk taking...

  17. Essays in Household Finance

    DEFF Research Database (Denmark)

    Hanspal, Tobin

    This Ph.D. thesis, entitled Essays in Household Finance, analyzes the determinants and implications of investment biases, personal experiences in financial markets, and financing disruptions on households, individual investors, and entrepreneurs and small business owners. The first essay...... on risk taking is the potential bias resulting from inertia and inattention, which has been shown to be endemic in household finance. If individuals are inert or inattentive, it is difficult to establish whether changes in risk taking are caused by personal experiences or whether the change in risk taking...

  18. Financing Opportunities for Renewable Energy Development in Alaska

    Energy Technology Data Exchange (ETDEWEB)

    Ardani, K.; Hillman, D.; Busche, S.

    2013-04-01

    This technical report provides an overview of existing and potential financing structures for renewable energy project development in Alaska with a focus on four primary sources of project funding: government financed or supported (the most commonly used structure in Alaska today), developer equity capital, commercial debt, and third-party tax-equity investment. While privately funded options currently have limited application in Alaska, their implementation is theoretically possible based on successful execution in similar circumstances elsewhere. This report concludes that while tax status is a key consideration in determining appropriate financing structure, there are opportunities for both taxable and tax-exempt entities to participate in renewable energy project development.

  19. Persuading Investors: Emphasizing Communication in a Finance Simulation

    Science.gov (United States)

    Yest, Michael T.; Grant, Kelly A.

    2013-01-01

    This paper introduces a unique project to faculty seeking an interdisciplinary activity that exposes students to the necessary art of persuasive communication in the field of finance. Specifically, we have designed a multi-stage simulation in which undergraduate business students apply both finance and communication skills, specifically…

  20. Financing Technical and Vocational Education: Modalities and Experiences.

    Science.gov (United States)

    German Foundation for International Development (DSE), Bonn (Germany).

    The two papers in this document explain various options and modalities for UNEVOC (International Project on Technical and Vocational Education) Member States' financing of their individual systems of technical and vocational education and disseminating experiences in this area. "Financing Vocational Education and Training in Developing…

  1. PFI Financing Mode for Water Resources Project%水利项目进行PFI融资模式的探讨

    Institute of Scientific and Technical Information of China (English)

    陈放

    2007-01-01

    为了解决水利建设中的资金需求问题,引入了PFI(Private Finance Initiative)融资模式.分析了我国现行水利项目融资的基本模式和存在问题,阐述了PFI融资模式的基本原理,论证了我国水利建设项目进行PFI模式融资的可行性.其结果表明,随着我国法律法规的完善和PFI人才的培养推进,利用PFI模式融资可以更好地促进我国私人资本参与水利项目的建设.

  2. 海上风电项目的ABS融资模式探讨%ABS Financing Model Discussed offshore Wind Power Projects

    Institute of Scientific and Technical Information of China (English)

    刘树青; 周园园

    2014-01-01

    通过系统研究中国海上风电产业的现状和问题,提出海上风电产业ABS融资模式;然后分析了此模式的运行流程及其优、劣势,为解决风电企业融资难的问题提出了一种新的途径。%This paper first systematic study of the current situation and problems of China's offshore wind power industry, put forward offshore wind power industry ABS financing model;then analyzes this pattern running processes and their advantages and disadvantages, presents a new way to solve the wind power business fnancing problem.

  3. Access to finance from different finance provider types

    NARCIS (Netherlands)

    Wulandari, Eliana; Meuwissen, Miranda P.M.; Karmana, Maman H.; Oude Lansink, Alfons G.J.M.

    2017-01-01

    Analysing farmer knowledge of the requirements of finance providers can provide valuable insights to policy makers about ways to improve farmers’ access to finance. This study compares farmer knowledge of the requirements to obtain finance with the actual requirements set by different finance

  4. The Geoengineering Model Intercomparison Project Phase 6 (GeoMIP6: simulation design and preliminary results

    Directory of Open Access Journals (Sweden)

    B. Kravitz

    2015-06-01

    simulations, and has been expanded to address several further important topics, including key uncertainties in extreme events, the use of geoengineering as part of a portfolio of responses to climate change, and the relatively new idea of cirrus cloud thinning to allow more longwave radiation to escape to space. We discuss experiment designs, as well as the rationale for those designs, showing preliminary results from individual models when available. We also introduce a new feature, called the GeoMIP Testbed, which provides a platform for simulations that will be performed with a few models and subsequently assessed to determine whether the proposed experiment designs will be adopted as core (Tier 1 GeoMIP experiments. This is meant to encourage various stakeholders to propose new targeted experiments that address their key open science questions, with the goal of making GeoMIP more relevant to a broader set of communities.

  5. SINGLE-SHELL TANK INTEGRITY PROJECT ANALYSIS OF RECORD-PRELIMINARY MODELING PLAN FOR THERMAL AND OPERATING LOADS

    Energy Technology Data Exchange (ETDEWEB)

    RAST RS; RINKER MW; BAPANAALLI SK; DEIBLER JE; GUZMAN-LEONG CE; JOHNSON KI; KARRI NK; PILLI SP; SANBORN SE

    2010-10-22

    This document is a Phase I deliverable for the Single-Shell Tank Analysis of Record effort. This document is not the Analysis of Record. The intent of this document is to guide the Phase II detailed modeling effort. Preliminary finite element models for each of the tank types were developed and different case studies were performed on one or more of these tank types. Case studies evaluated include thermal loading, waste level variation, the sensitivity of boundary effects (soil radial extent), excavation slope or run to rise ratio, soil stratigraphic (property and layer thickness) variation at different farm locations, and concrete material property variation and their degradation under thermal loads. The preliminary analysis document reviews and preliminary modeling analysis results are reported herein. In addition, this report provides recommendations for the next phase of the SST AOR project, SST detailed modeling. Efforts and results discussed in this report do not include seismic modeling as seismic modeling is covered by a separate report. The combined results of both static and seismic models are required to complete this effort. The SST AOR project supports the US Department of Energy's (DOE) Office of River Protection (ORP) mission for obtaining a better understanding of the structural integrity of Hanford's SSTs. The 149 SSTs, with six different geometries, have experienced a range of operating histories which would require a large number of unique analyses to fully characterize their individual structural integrity. Preliminary modeling evaluations were conducted to determine the number of analyses required for adequate bounding of each of the SST tank types in the Detailed Modeling Phase of the SST AOR Project. The preliminary modeling was conducted in conjunction with the Evaluation Criteria report, Johnson et al. (2010). Reviews of existing documents were conducted at the initial stage of preliminary modeling. These reviews guided the topics

  6. Interacting agents in finance

    NARCIS (Netherlands)

    C. Hommes

    2008-01-01

    Interacting agents in finance represent a behavioural, agent-based approach in which financial markets are viewed as complex adaptive systems consisting of many boundedly rational agents interacting through simple heterogeneous investment strategies, constantly adapting their behaviour in response t

  7. PUBLIC FINANCE FUNCTIONS

    Directory of Open Access Journals (Sweden)

    VEZURE OANA SABINA

    2011-09-01

    Full Text Available The emergence of public finances is due to objective causes needs and determined their main function being to obtain the financial resources it needs for the State to exercise its powers and on the way to intervene in the economy and society general. Public finances are necessary, subjectively and objectively, as it contributes to accomplishing the tasks and functions of the state, which could not be realized without financial leverage. Public finances are inextricably linked to the existence of the state, and public sector's role in the economy. Thus, they express "social relations, economic arising in the establishment and use of public funds between the state, on the one hand, and members of society on the other hand, to meet the needs of general interest of society" [1]. Thus, the role of public finance is to meet the needs of general interest or collective needs.

  8. Interacting agents in finance

    NARCIS (Netherlands)

    Hommes, C.; Durlauf, S.N.; Blume, L.E.

    2008-01-01

    Interacting agents in finance represent a behavioural, agent-based approach in which financial markets are viewed as complex adaptive systems consisting of many boundedly rational agents interacting through simple heterogeneous investment strategies, constantly adapting their behaviour in response

  9. Clean Energy Finance Tool

    Science.gov (United States)

    This tool is for state and local governments interested in developing a financing program to support energy efficiency and clean energy improvements for large numbers of buildings within their jurisdiction.

  10. Financing Professional Sports Facilities

    OpenAIRE

    Baade, Robert A.; Victor A. Matheson

    2011-01-01

    This paper examines public financing of professional sports facilities with a focus on both early and recent developments in taxpayer subsidization of spectator sports. The paper explores both the magnitude and the sources of public funding for professional sports facilities.

  11. Financing Sustainable Development

    DEFF Research Database (Denmark)

    Fejerskov, Adam Moe; Funder, Mikkel; Engberg-Pedersen, Lars

    In the fall of 2015, world leaders adopted the most ambitious global development agenda in history. Meeting the aspiring targets of the Sustainable Development Goals will require financing far beyond traditional aid. At the same time, aid itself is under major pressure as European governments cut...... aid budgets or divert them to meet refugee and migration issues. In this context of massive global ambition and concurrent uncertainty on the future of aid, other actors and sources of development financing seem ever more critical, such as the private sector, private foundations and the BRICS....... But what are in fact the interests and modes of operation of such actors in the context of development financing, and to what extent do they align with the aims of the SDGs? And how do national governments of developing countries themselves perceive and approach these new sources of financing?...

  12. Financing Public Service Broadcasting

    DEFF Research Database (Denmark)

    Berg, Christian Edelvold; Lund, Anker Brink

    2012-01-01

    Broadcasting (PSB) financing regimes in Europe, concluding that Denmark, Finland, Iceland, Norway, and Sweden may still be considered conventional, licence fee PSB countries, but with some interesting differences in relation to competitive and market oriented alternatives of resource provision...

  13. A Short-Term Evaluation of Project DARE (Drug Abuse Resistance Education): Preliminary Indications of Effectiveness.

    Science.gov (United States)

    DeJong, William

    1987-01-01

    Assessed impact of Project DARE (Drug Abuse Resistance Education) on knowledge, attitudes, and self-reported behavior of seventh graders who received DARE curriculum in sixth grade. Compared to controls, DARE students reported significantly lower use of alcohol, cigarettes, and other drugs. Findings were especially strong for boys. (Author/NB)

  14. Preliminary evaluation of a prototype welfare monitoring system for sows and piglets (Welfare Quality (R) project)

    NARCIS (Netherlands)

    Scott, K.; Binnendijk, G.P.; Edwards, S.A.; Gu, J.H.; Wijhe-Kiezebrink, van M.C.; Vermeer, H.M.

    2009-01-01

    The Welfare Quality(R) project aims to develop a European on-form welfare assessment standard for pigs, amongst other species. A prototype monitoring system was developed for sows and piglets using predominantly animal-based measures of behaviour, health and physiology to assess welfare. The

  15. 77 FR 2287 - FFP Project 17, LLC and Northland Power Mississippi River LLC; Notice Announcing Preliminary...

    Science.gov (United States)

    2012-01-17

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission FFP Project 17, LLC and Northland Power Mississippi River LLC; Notice..., near the town of North Vacherie, in St. James Parish, Louisiana. The applications were filed by...

  16. 77 FR 2289 - FFP Project 41, LLC, Northland Power Mississippi River LLC; Notice Announcing Preliminary Permit...

    Science.gov (United States)

    2012-01-17

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission FFP Project 41, LLC, Northland Power Mississippi River LLC; Notice..., in Tunica County, Mississippi, and Lee County, Arkansas. The applications were filed by FFP...

  17. 77 FR 2288 - FFP Project 10, LLC, Northland Power Mississippi River LLC; Notice Announcing Preliminary Permit...

    Science.gov (United States)

    2012-01-17

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission FFP Project 10, LLC, Northland Power Mississippi River LLC; Notice..., near the town of Avondale, in Jefferson Parish, Louisiana. The applications were filed by FFP...

  18. 77 FR 2287 - FFP Project 32, LLC and Northland Power Mississippi River LLC; Notice Announcing Preliminary...

    Science.gov (United States)

    2012-01-17

    ... From the Federal Register Online via the Government Publishing Office ] DEPARTMENT OF ENERGY Federal Energy Regulatory Commission FFP Project 32, LLC and Northland Power Mississippi River LLC; Notice..., in Tensas Parish, Louisiana, and Jefferson County Mississippi. The applications were filed by...

  19. 77 FR 2288 - FFP Project 21, LLC and Northland Power Mississippi River LLC; Notice Announcing Preliminary...

    Science.gov (United States)

    2012-01-17

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission FFP Project 21, LLC and Northland Power Mississippi River LLC; Notice..., near the town of Donaldsonville, in Ascension Parish, Louisiana. The applications were filed by...

  20. 77 FR 2287 - FFP Project 6, LLC and Northland Power Mississippi River LLC; Notice Announcing Preliminary...

    Science.gov (United States)

    2012-01-17

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission FFP Project 6, LLC and Northland Power Mississippi River LLC; Notice..., near the town of New Orleans, in Orleans Parish, Louisiana. The applications were filed by FFP...

  1. 77 FR 2289 - FFP Project 39, LLC and Northland Power Mississippi River LLC; Notice Announcing Preliminary...

    Science.gov (United States)

    2012-01-17

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission FFP Project 39, LLC and Northland Power Mississippi River LLC; Notice..., in Bolivar County, Mississippi, and Desha County, Arkansas. The applications were filed by...

  2. 77 FR 2290 - FFP Project 30, LLC and Northland Power Mississippi River LLC; Notice Announcing Preliminary...

    Science.gov (United States)

    2012-01-17

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission FFP Project 30, LLC and Northland Power Mississippi River LLC; Notice..., in West Feliciana and Pointe Coupee Parishes, Louisiana. The applications were filed by FFP...

  3. Preliminary evaluation of a prototype welfare monitoring system for sows and piglets (Welfare Quality (R) project)

    NARCIS (Netherlands)

    Scott, K.; Binnendijk, G.P.; Edwards, S.A.; Gu, J.H.; Wijhe-Kiezebrink, van M.C.; Vermeer, H.M.

    2009-01-01

    The Welfare Quality(R) project aims to develop a European on-form welfare assessment standard for pigs, amongst other species. A prototype monitoring system was developed for sows and piglets using predominantly animal-based measures of behaviour, health and physiology to assess welfare. The prototy

  4. The Financing of Innovation : Learning and Stopping

    NARCIS (Netherlands)

    Bergemann, D.; Hege, U.

    2001-01-01

    This paper considers the financing of a research project under uncertainty about the time of completion and the probability of eventual success.The uncertainty about future success gradually diminishes with the arrival of additional funding.The entrepreneur controls the funds and can divert them.We

  5. CERN opens finances up for review

    CERN Multimedia

    2001-01-01

    CERN will appoint an external review board to assess future financing needs through to 2012 for both the LHC and the lab as a whole. The action has been prompted by the funding crisis resulting from the cost overruns of the LHC project (1/2 page).

  6. Preliminary project of s Thomson scattering system for the ETE tokamak; Projeto preliminar de um sistema de espalhamento Thomson para o Tokamak ETE

    Energy Technology Data Exchange (ETDEWEB)

    Berni, Luiz Angelo

    1997-12-31

    This report presents the preliminary project of the injection and laser light block system for the Thomson (ET) scattering diagnostic to be implanted at the ETE spheric tokamak of the Instituto Nacional de Pesquisas Espaciais (INPE/LAP). Also, a scanning system for the optics of scattered light 4 refs., 26 figs.

  7. Private sector finance for adaptation

    NARCIS (Netherlands)

    Atteridge, A.; Pauw, W.P.; Terpstra, P.; Bedini, F.; Bosi, L; Costella, C.

    2016-01-01

    An emphasis on private finance has emerged in climate finance discussions, particularly in the context of international climate change negotiations. This is partly because the overall volume of finance needed to support adaptation in developing countries is beyond what many expect public finance to

  8. Exploring Higher Education Financing Options

    Science.gov (United States)

    Nkrumah-Young, Kofi K.; Powell, Philip

    2011-01-01

    Higher education can be financed privately, financed by governments, or shared. Given that the benefits of education accrue to the individual and the state, many governments opt for shared financing. This article examines the underpinnings of different options for financing higher education and develops a model to compare conditions to choices and…

  9. Private sector finance for adaptation

    NARCIS (Netherlands)

    Atteridge, A.; Pauw, W.P.; Terpstra, P.; Bedini, F.; Bosi, L; Costella, C.

    2016-01-01

    An emphasis on private finance has emerged in climate finance discussions, particularly in the context of international climate change negotiations. This is partly because the overall volume of finance needed to support adaptation in developing countries is beyond what many expect public finance to

  10. Economic and Risk Analyses for SMEs Internationalization Projects. A Preliminary Insight on the Rationale of Business Consulting Firms

    Directory of Open Access Journals (Sweden)

    Elena - Madalina VĂTĂMĂNESCU

    2014-06-01

    Full Text Available The present study is meant to be a first step towards the investigation of two current issues: the organization’s demand for highly professional services and the business consulting firms’ response as a challenge for the ethic imperatives. The main question raised is whether the national business consulting firms are liable to provide the economic and risk analyses required by the ambitious internationalization projects of small and medium enterprises (SMEs, and if not, what should be the firms’ ethical approach. In this respect, preliminary conclusions were made after testing the deliverables of several business consulting firms which were contracted to elaborate intricate economic and risk analyses of an internationalization project developed by a medium enterprise. The proven level of expertise of the contracted firms did not confirm their claims and assurances that they were fit for the job. This is why the rationale of today’s business consulting firms should be taken into account for further consideration while the exigency for increased savvy should become a priority.

  11. Preliminary evaluation of specific absorbed fraction (SAF) in ICRP reference phantom conversion project

    Energy Technology Data Exchange (ETDEWEB)

    Thang, Nguyen Tat; Yeom, Yeon Soo; Han, Min Cheol; Jun, Wang Zhao; Kim, Han Sung; Kim, Seong Hoon; Kim, Chan Hyeong [Hanyang University, Seoul (Korea, Republic of)

    2014-11-15

    The ICRP reference phantoms, due to their low voxel resolutions, provide incorrect dose values for weakly penetrating radiations. To overcome the limitations, we are now converting the ICRPvoxel phantoms to polygonal surface models in order to develop the polygonal surface version of the ICRP reference phantoms. The ultimate goal of the conversion project is to develop a set of polygonal surface ICRP phantoms which provide correct dose values for weakly penetrating radiations while providing identical dose values with those of the ICRP reference phantoms for highly penetrating radiations. It was confirmed that indeed the current ICRP male polygonal phantom showed generally good agreement with the ICRP male voxel phantom following the objective of the ICRP phantom conversion project. However, relatively large discrepancies were found in the colon doses at 0.03 MeV. We believe that the discrepancies could be sufficiently reduced by adjusting the colon polygonal model to be more similar to the voxel model in the further study.

  12. Risk Assessment and Countermeasure on BOT Project Financing%BOT项目融资风险评估及对策研究——以一级公路隧道为例

    Institute of Scientific and Technical Information of China (English)

    彭程; 王松江

    2011-01-01

    BOT融资模式由于其投资额度大、参与方较多、利益关系复杂存在很大的风险,如果在项目进行过程中没有深入的分析风险因素,进行风险处置可能会导致项目失败。文章以GJ至DT一级公路隧道项目为例,运用霍尔三维模型理论和AHP法对项目风险进行定量评估和对策分析,为BOT项目风险管理模式提供了参考依据。%BOT financing model relates to huge risks due to large amount of investment, many relevant parties and interest relations. If without analysis of risk factors and risk disposal may lead to project failure. Paper takes GJ to DT Class A highway tunnel project as example. It uses the AHP method and the Hall three dimension structures to assess risk factors and countermeasures. The paper provides reference for BOT project risk management mode.

  13. Projection-reflection ultrasound images using PE-CMOS sensor: a preliminary bone fracture study

    Science.gov (United States)

    Lo, Shih-Chung B.; Liu, Chu-Chuan; Freedman, Matthew T.; Mun, Seong-Ki; Kula, John; Lasser, Marvin E.; Lasser, Bob; Wang, Yue Joseph

    2008-03-01

    In this study, we investigated the characteristics of the ultrasound reflective image obtained by a CMOS sensor array coated with piezoelectric material (PE-CMOS). The laboratory projection-reflection ultrasound prototype consists of five major components: an unfocused ultrasound transducer, an acoustic beam splitter, an acoustic compound lens, a PE-CMOS ultrasound sensing array (Model I400, Imperium Inc. Silver Spring, MD), and a readout circuit system. The prototype can image strong reflective materials such as bone and metal. We found this projection-reflection ultrasound prototype is able to reveal hairline bone fractures with and without intact skin and tissue. When compared, the image generated from a conventional B-scan ultrasound on the same bone fracture is less observable. When it is observable with the B-scan system, the fracture or crack on the surface only show one single spot of echo due to its scan geometry. The corresponding image produced from the projection-reflection ultrasound system shows a bright blooming strip on the image clearly indicating the fracture on the surface of the solid material. Speckles of the bone structure are also observed in the new ultrasound prototype. A theoretical analysis is provided to link the signals as well as speckles detected in both systems.

  14. Kelly Hot Spring Geothermal Project: Kelly Hot Spring Agricultural Center preliminary design. Final technical report

    Energy Technology Data Exchange (ETDEWEB)

    Longyear, A.B. (ed.)

    1980-08-01

    A Phase 1 Preliminary Design, Construction Planning and Economic Analysis has been conducted for the Kelly Hot Spring Agricultural Center in Modoc County, California. The core activity is a 1360 breeding sow, swine raising complex that utilizes direct heat energy from the Kelly Hot Spring geothermal resource. The swine is to be a totally confined operation for producing premium pork in controlled-environment facilities. The complex contains a feed mill, swine raising buildings and a complete waste management facility that produces methane gas to be delivered to a utility company for the production of electricity. The complex produces 6.7 million pounds of live pork (29,353 animals) shipped to slaughter per year; 105,000 cu. ft. of scrubbed methane per day; and fertilizer. Total effluent is less than 200 gpm of agricultural quality-water with full odor control. The methane production rate made possible with geothermal direct heat is equivalent to at least 400 kw continuous. Sale of the methane on a co-generation basis is being discussed with the utility company. The use of geothermal direct heat energy in the complex displaces nearly 350,000 gallons of fuel oil per year. Generation of the biogas displaces an additional 300,000 gallons of fuel oil per year.

  15. Physical Activity in Solid Organ Transplant Recipients: Preliminary Results of the Italian Project

    Directory of Open Access Journals (Sweden)

    Giovanni Mosconi

    2014-07-01

    Full Text Available Background/Aims: The role of physical activity in transplanted patients is often underestimated. We discuss the Italian National Transplant Centre experience, which started in 2008 studying transplanted patients involved in sports activities. The study was then developed through a model of cooperation between surgeons, sports physicians and exercise specialists. Methods: A multicentre study was realized in 120 transplanted patients of which 60 treated with supervised physical activity (three sessions/week of aerobic and strengthening exercises and 60 controls. We present the results of the first 26 patients (16 males, 10 females; 47.8±10.0 years; 21 kidney, 5 liver transplanted; time from transplant 2.3±1.4 years who completed 12 months of supervised physical activity. Results: Data showed an increase of peak aerobic power (t=4.535; PConclusion: These preliminary results confirm the positive effects of supervised physical exercise. It can be considered as an input to promote other detailed exercise protocols.

  16. Budget Scoring: An Impediment to Alternative Financing

    Science.gov (United States)

    2007-09-06

    partnership between the customer and an energy service company ( ESCO ). The ESCO conducts a comprehensive energy audit and identifies improvements that...will save energy at the facility. In consultation with the agency customer, the ESCO designs and constructs a project that meets the agency’s needs...and arranges financing to pay for it. The ESCO guarantees savings sufficient to pay for the project over the term of the contract. After the

  17. New Financing Schemes of Public Infrastructure

    Directory of Open Access Journals (Sweden)

    Ignacio de la Riva

    2017-01-01

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

  18. Empirical Study on Risk Eva luation of Financing for Rural Drinking Water Safety Project Based on PPP Mode%基于 PPP 模式的农村饮水安全工程融资风险评价实证研究

    Institute of Scientific and Technical Information of China (English)

    李彩云; 厉伟

    2016-01-01

    Based on the risk allocation path of PPP mode , this study built a set of multidimensional project financing risk e-valuation system, and comprehensively evaluated the financing risk of rural drinking water safety project in a province of eastern China by using D-S theory.The research result indicated that the constructed PPP-mode-based financing risk evaluation system for rural drinking water safety project had strong scientificity.In addition, aiming at the“ financing risk point”, all participators of the project ought to reinforce communication, carry out a strict management, and realize the goal of mutual benefit and win-win.%基于PPP模式风险分配路径,构建了一套多维度工程融资风险评价体系,并结合我国东部某省农村饮水安全工程建设实例,运用 D-S理论予以综合评价。研究表明:基于PPP模式构建的农村饮水安全工程融资风险评价体系科学性较强,而针对“融资风险点”,项目参与方应加强沟通、严格管理,实现互利共赢。

  19. Statistics on the distribution of contracts and purchase orders by country for the LHC Project based on payments and outstanding commitments for the period 1 January 1995 to 31 March 2000 (including adjudications by the Finance Committee up to March 2000).

    CERN Document Server

    2000-01-01

    Statistics on the distribution of contracts and purchase orders by country for the LHC Project based on payments and outstanding commitments for the period 1 January 1995 to 31 March 2000 (including adjudications by the Finance Committee up to March 2000).

  20. Preliminary geophysical, geohazard, and geomorphic mapping of the Alpine Fault Deep Fault Drilling Project (DFDP), Gaunt Creek, New Zealand

    Science.gov (United States)

    de Pascale, G. P.; Davies, T.; Nobes, D. C.; Quigley, M.; Sutherland, R.; Toy, V. G.; Norris, R. J.; Langridge, R. M.; Stahl, T.; Klahn, A.; Townend, J.

    2010-12-01

    In central South Island, the dextral-reverse Alpine Fault Zone (AFZ) forms the major plate boundary structure between the Pacific and Australian plates. The AFZ is thought to fail in large earthquakes (~ Mw 7-8) approximately every 200 to 400 years, to have last ruptured in 1717 and is associated with high rates of strain release and exhumation. The AFZ is the target of a multidisciplinary proposal called the Deep Fault Drilling Project or DFDP which proposes to drill, retrieve core, and test subsurface conditions of the AFZ from a shallow, Vegetation colonization (reflecting recent flooding) and presence of boulders and landslide debris were used to select sites. Over 600 m of ground penetrating radar (GPR) transects using a 50 MHz antenna, and 400 m of electrical resistivity data, were collected along the Late-Holocene alluvial fans to map subsurface stratigraphy. Preliminary GPR results show fluvial stratigraphy, bedrock contacts and faults in bedrock and sediments between 0 and 25 m below ground surface at Gaunt Creek. Electrical resistivity data imaged to 10 m. Geomorphic mapping (including fault trace mapping, terrace mapping, and surficial geological mapping) was integrated with geophysical data, LiDAR, and previous research at the site to determine optimum sites for DFDP drilling in early 2011. Ages of faulted deposits, and thus of fault offsets, will be obtained by radiocarbon dating, dendrochronology and/or OSL ages to better characterise recent earthquakes at Gaunt Creek. Though preliminary, this research is significant because it provides critical input parameters to the DFDP, helps define the most recent dynamics of the fault, and possibly refine slip-rates and recurrence estimates of the AFZ.

  1. "Preliminary Evaluation of Climate Change impact in the Codegua's River Irrigation Improvement Project"

    Science.gov (United States)

    Ricchetti, Franco; Vargas, Ximena

    2017-04-01

    The aim of this study is to quantify the impact of Climate Change in one of the projected dams for farming activities in Codegua's catchment, near to Santiago, Chile. This reservoir is one of the twenty that will be built by the Hydraulics Infrastructure Management Department of Chile in the next years. The design is based on the concept of "Irrigation Security", defined as the quotient between the number of years where is possible to deliver the crop demand and the total of years. It must be greater than 85% to approve the project. The evaluation of Climate Change is based in two scenarios: RCP 4.5 and RCP 8.5. The forecast hydroclimatology is based in General Circulation Model MPI-ESM, from Max Planck Institute, Germany. The evaluation considers two future periods: a near future (2020-2055) and a further future (2065-2100). First, statistical downscaling of precipitation and temperature time series are made and then the yearly inflow to the dam is estimated by a simple rainfall-runoff relation, the future evapotranspiration is estimated by Penman-Monteith method and with an empirical mathematical relation, based in Blaney and Criddle method. For this reason, the analysis included additional scenarios to incorporate the uncertainty in the evapotranspiration estimation as well as on tributary volumes from the basin to the dam, for each Climate Change scenarios. Climate Change in the zone of study indicates that precipitations will be lower than the present and the temperature will increase. For example, the results predict that precipitation in the best scenario, for near future, will go down 15% and temperature will increase in 0.6 (°C). For the further future in the worst scenarios, model predicts that precipitation will go down around 30% and temperature will increase 2.5 (°C). This coupled effects modify in a great way the water supply and demand in the zone of study. With the new hydrology forecast for the future, the "Irrigation Security" is recalculated in

  2. Isospin mixing of isospin-projected Slater determinants: formalism and preliminary applications

    CERN Document Server

    Rafalski, M; Dobaczewski, J

    2008-01-01

    We report on the development of a new theoretical tool that allows for isospin projection of Slater determinants and we present its first applications. In particular, we determine the isospin mixing in ground states of N=Z nuclei and discuss its dependence on the size of the harmonic-oscillator basis used in the calculations. We also discuss the unphysical contribution to the isospin mixing caused by the spurious isospin-symmetry breaking inherent to the mean-field approach. We show that these contributions may be as large as 30% of the value of the isospin-mixing parameter.

  3. Vulnerability Assessments and Resilience Planning at Federal Facilities. Preliminary Synthesis of Project

    Energy Technology Data Exchange (ETDEWEB)

    Moss, R. H. [Pacific Northwest National Lab. (PNNL)/Univ. of Maryland, College Park, MD (United States). Joint Global Change Research Inst.; Blohm, A. J. [Univ. of Maryland, College Park, MD (United States); Delgado, A. [Pacific Northwest National Lab. (PNNL)/Univ. of Maryland, College Park, MD (United States). Joint Global Change Research Inst.; Henriques, J. J. [James Madison Univ., Harrisonburg, VA (United States); Malone, E L. [Pacific Northwest National Lab. (PNNL)/Univ. of Maryland, College Park, MD (United States). Joint Global Change Research Inst.

    2015-08-15

    U.S. government agencies are now directed to assess the vulnerability of their operations and facilities to climate change and to develop adaptation plans to increase their resilience. Specific guidance on methods is still evolving based on the many different available frameworks. Agencies have been experimenting with these frameworks and approaches. This technical paper synthesizes lessons and insights from a series of research case studies conducted by the investigators at facilities of the U.S. Department of Energy and the Department of Defense. The purpose of the paper is to solicit comments and feedback from interested program managers and analysts before final conclusions are published. The paper describes the characteristics of a systematic process for prioritizing needs for adaptation planning at individual facilities and examines requirements and methods needed. It then suggests a framework of steps for vulnerability assessments at Federal facilities and elaborates on three sets of methods required for assessments, regardless of the detailed framework used. In a concluding section, the paper suggests a roadmap to further develop methods to support agencies in preparing for climate change. The case studies point to several preliminary conclusions; (1) Vulnerability assessments are needed to translate potential changes in climate exposure to estimates of impacts and evaluation of their significance for operations and mission attainment, in other words into information that is related to and useful in ongoing planning, management, and decision-making processes; (2) To increase the relevance and utility of vulnerability assessments to site personnel, the assessment process needs to emphasize the characteristics of the site infrastructure, not just climate change; (3) A multi-tiered framework that includes screening, vulnerability assessments at the most vulnerable installations, and adaptation design will efficiently target high-risk sites and infrastructure

  4. Financing your strategic plan: finding the right tool for the right job.

    Science.gov (United States)

    Becker, Aaron; Kennedy, Steven W; Mandy, Dan P; Pavarini, Peter A

    2013-01-01

    Financing options available through the private sector and government agencies can fund facility renovations or new construction. To upgrade IT, hospital leaders have three major financing options: purchase, use cloud-based services for a fee, or lease. Hospital leaders may finance physician integration like other capital projects, but there are risks to diverting dollars from buildings.

  5. Projecting the self into the future in individuals with schizophrenia: a preliminary cross-sectional study.

    Science.gov (United States)

    Raffard, Stéphane; Bortolon, Catherine; D'Argembeau, Arnaud; Gardes, Jeanne; Gely-Nargeot, Marie-Christine; Capdevielle, Delphine; Van der Linden, Martial

    2016-07-01

    The ability to project oneself into the future contributes to development and maintenance of a coherent sense of identity. If recent research has revealed that schizophrenia is associated with difficulties envisioning the future, little is known about patients' future self-representations. In this study, 27 participants with schizophrenia and 26 healthy controls were asked to simulate mental representations of plausible and highly significant future events (self-defining future projections, SDFPs) that they anticipate to happen in their personal future. Main results showed that schizophrenia patients had difficulties in reflecting on the broader meaning and implications of imagined future events. In addition, and contrary to our hypothesis, a large majority of SDFPs in schizophrenia patients were positive events, including achievements, relationship, and leisure contents. Interestingly, patients and controls did not differ on the perceived probability that these events will occur in the future. Our results suggest that schizophrenia patients have an exaggerated positive perception of their future selves. Together, these findings lend support to the idea that past and future self-defining representations have both similar and distinct characteristics in schizophrenia.

  6. The economics of infrastructure finance: Public-private partnerships versus public provision

    OpenAIRE

    Engel, Eduardo M. R. A.; Fischer, Ronald D.; Galetovic, Alexander

    2010-01-01

    We examine the economics of infrastructure finance, focusing on public provision and Public-Private Partnerships (PPPs). We show that project finance is appropriate for PPP projects, because there are few economies of scope and because assets are project specific. Furthermore, we suggest that the higher cost of finance of PPPs is not an argument in favour of public provision, since it appears to reflect the combination of deficient contract design and the cost-cutting incentives embedded in P...

  7. The economics of infrastructure finance: Public-private partnerships versus public provision

    OpenAIRE

    Eduardo M.R.A. Engel; Ronald D. Fischer; Galetovic, Alexander

    2010-01-01

    We examine the economics of infrastructure finance, focusing on public provision and Public-Private Partnerships (PPPs). We show that project finance is appropriate for PPP projects, because there are few economies of scope and because assets are project specific. Furthermore, we suggest that the higher cost of finance of PPPs is not an argument in favour of public provision, since it appears to reflect the combination of deficient contract design and the cost-cutting incentives embedded in P...

  8. Preliminary results from the ESA STSE project on SST diurnal variability, its regional extent and implications in atmospheric modelling (SSTDV:R.EX.–IM.A.M.)

    DEFF Research Database (Denmark)

    Karagali, Ioanna; Hasager, Charlotte Bay; Høyer, Jacob L.

    2013-01-01

    This study presents some preliminary results of the ESA Support To Science Element (STSE) funded project on the Diurnal Variability of the Sea Surface Temperature, regarding its Regional Extend and Implications in Atmospheric Modelling (SSTDV:R.EX.–IM.A.M.). Comparisons of SEVIRI SST with AATSR......, the 1-dimensional General Ocean Turbulence Model (GOTM) is applied. Preliminary results show that the initial temperature and salinity profiles may give a warmer start-up in the model while the light extinction scheme is a controlling factor for the amplitude and vertical extend of the daily signal....

  9. The Moon Zoo citizen science project: Preliminary results for the Apollo 17 landing site

    CERN Document Server

    Bugiolacchi, Roberto; Tar, Paul; Thacker, Neil; Crawford, Ian A; Joy, Katherine H; Grindrod, Peter M; Lintott, Chris

    2016-01-01

    Moon Zoo is a citizen science project that utilises internet crowd-sourcing techniques. Moon Zoo users are asked to review high spatial resolution images from the Lunar Reconnaissance Orbiter Camera (LROC), onboard NASAs LRO spacecraft, and perform characterisation such as measuring impact crater sizes and identify morphological features of interest. The tasks are designed to address issues in lunar science and to aid future exploration of the Moon. We have tested various methodologies and parameters therein to interrogate and reduce the Moon Zoo crater location and size dataset against a validated expert survey. We chose the Apollo 17 region as a test area since it offers a broad range of cratered terrains, including secondary-rich areas, older maria, and uplands. The assessment involved parallel testing in three key areas: (1) filtering of data to remove problematic mark-ups; (2) clustering methods of multiple notations per crater; and (3) derivation of alternative crater degradation indices, based on the s...

  10. High Temperature Gas-Cooled Reactor Projected Markets and Preliminary Economics

    Energy Technology Data Exchange (ETDEWEB)

    Larry Demick

    2011-08-01

    This paper summarizes the potential market for process heat produced by a high temperature gas-cooled reactor (HTGR), the environmental benefits reduced CO2 emissions will have on these markets, and the typical economics of projects using these applications. It gives examples of HTGR technological applications to industrial processes in the typical co-generation supply of process heat and electricity, the conversion of coal to transportation fuels and chemical process feedstock, and the production of ammonia as a feedstock for the production of ammonia derivatives, including fertilizer. It also demonstrates how uncertainties in capital costs and financial factors affect the economics of HTGR technology by analyzing the use of HTGR technology in the application of HTGR and high temperature steam electrolysis processes to produce hydrogen.

  11. Small scale observation of magnetopause motion: preliminary results of the INTERBALL project

    Directory of Open Access Journals (Sweden)

    J. Safrankova

    Full Text Available Two satellites of the INTERBALL project were launched on 3 August 1995. The main goals of the present paper are (1 to give a brief information about the VDP plasma device onboard the INTERBALL-1 satellite, (2 to present the Faradays cup data taken in different magnetospheric regions and (3 to expose first results of the two satellite measurements of the magnetopause motion. The presented data illustrate magnetopause crossings as seen by two satellites when separated by about ~ 1000 km. This separation combined with the Faraday's cup time resolution allows to estimate the velocity of the magnetopause and to reconstruct a possible structure of the boundary. Simultaneous measurement of the magnetic field supports the interpretation of the observed ion fluxes as a signature of the wavy motion of the boundary.

  12. The Moon Zoo citizen science project: Preliminary results for the Apollo 17 landing site

    Science.gov (United States)

    Bugiolacchi, Roberto; Bamford, Steven; Tar, Paul; Thacker, Neil; Crawford, Ian A.; Joy, Katherine H.; Grindrod, Peter M.; Lintott, Chris

    2016-06-01

    Moon Zoo is a citizen science project that utilises internet crowd-sourcing techniques. Moon Zoo users are asked to review high spatial resolution images from the Lunar Reconnaissance Orbiter Camera (LROC), onboard NASA's LRO spacecraft, and perform characterisation such as measuring impact crater sizes and identify morphological 'features of interest'. The tasks are designed to address issues in lunar science and to aid future exploration of the Moon. We have tested various methodologies and parameters therein to interrogate and reduce the Moon Zoo crater location and size dataset against a validated expert survey. We chose the Apollo 17 region as a test area since it offers a broad range of cratered terrains, including secondary-rich areas, older maria, and uplands. The assessment involved parallel testing in three key areas: (1) filtering of data to remove problematic mark-ups; (2) clustering methods of multiple notations per crater; and (3) derivation of alternative crater degradation indices, based on the statistical variability of multiple notations and the smoothness of local image structures. We compared different combinations of methods and parameters and assessed correlations between resulting crater summaries and the expert census. We derived the optimal data reduction steps and settings of the existing Moon Zoo crater data to agree with the expert census. Further, the regolith depth and crater degradation states derived from the data are also found to be in broad agreement with other estimates for the Apollo 17 region. Our study supports the validity of this citizen science project but also recommends improvements in key elements of the data acquisition planning and production.

  13. Preliminary experience with dynamic MR projection angiography in the evaluation of cervicocranial steno-occlusive disease

    Energy Technology Data Exchange (ETDEWEB)

    Wetzel, S.G.; Haselhorst, R.; Bilecen, D.; Radue, E.W. [Section of Neuroradiology, Kantonsspital Basel (Switzerland); Lyrer, P.A. [Dept. of Neurology, Kantonsspital Basel (Switzerland); Seifritz, E. [Psychiatric University Hospital Basel (Switzerland); Bongartz, G. [Inst. for Diagnostic Radiology, Kantonsspital Basel (Switzerland); Scheffler, K. [Department of Diagnostic Radiology, University of Freiburg, Freiburg (Germany)

    2001-02-01

    The application of a contrast-enhanced, two-dimensional MR technique, which provides dynamic projection angiograms at a subsecond temporal frame rate for depiction of the cervical and intracranial arteries, was evaluated in three healthy volunteers and seven patients with various cervicocranial steno-occlusive diseases. Intra-arterial digital subtraction angiography (DSA) served as standard of reference for findings in the patients. Magnetic resonance projection angiography (MRPA) was performed on a standard 1.5-T clinical MR imaging system at intravenous injection of a single dose of contrast agent (0.1 mmol/kg GdDTPA-BMA). Sixty consecutive images of the cerebral circulation were acquired at a temporal frame rate of 900 ms per image in the coronal plane. The collateral flow and the perfusion of the compromised vessel territory were readily assessed by MPRA in patients with occlusion of the internal cerebral artery (ICA) or middle cerebral artery (MCA). The leptomeningeal collateralisation of these patients was displayed in a dynamic fashion. Furthermore, quantitative perfusion measurement provided a difference between both MCA territories in the time to peak ({delta}DTTP) of the contrast bolus of 1.12 {+-} 0.28 s in five patients with severe stenosis or occlusion of the ICA (healthy volunteers 0.19 {+-} 0.05 s). However, important pathological findings, such as the evaluation of carotid artery stenoses and the intracranial collateral flow pattern in patients with severe carotid stenoses, were not sufficiently assessable as compared with DSA. We conclude that the possibility of obtaining simultaneously information about morphology and perfusion dynamics of the cervicocranial vessels is unique in MPRA as compared with other MR techniques. However, in the applied form, the technique is not a reliable tool for the complete evaluation of the cervicocranial vessels in patients with steno-occlusive disease. (orig.)

  14. 高速铁路项目政府投融资主导型发展模式必要性分析%Necessity of Government-Oriented Investment and Financing for High Speed Railway Projects

    Institute of Scientific and Technical Information of China (English)

    姜洋

    2015-01-01

    High speed railway construction is known as a significant strategy of the 21st century. However, the problems are also serious, such as tight budget, poor profitability at the initial stage of operation, and investment and financial difficulties caused by rising debt ratio. In the case of high speed railway construction, it is necessary to stick to the development pattern of government-oriented investment and financing. The Chinese government should understand its responsibility in investment and financing and absorb other investors. In doing so, the funding stability and the successful construction of high speed railway, a tremendous project correlates to public welfare and social benefit, could be safeguarded.%高速铁路的建设被认为是21世纪的一项重大战略,而高铁建设的资金紧张,同时营运初期盈利能力较差、负债率上升而导致投融资困难等问题不容忽视。我国在高速铁路项目建设上,应坚持政府投融资为主导的发展模式是十分必要的,明确政府投融资的责任,吸收扩大其他多元投融资主体,才能保证高铁建设资金的稳定,同时保障高速铁路这一庞大又具有公益性和社会性的公共基础设施项目得以顺利建设。

  15. The Finance Curse

    DEFF Research Database (Denmark)

    Christensen, John; Shaxson, Nick; Wigan, Duncan

    2016-01-01

    The Global Financial Crisis placed the utility of financial services in question. The crash, great recession, wealth transfers from public to private, austerity and growing inequality cast doubt on the idea that finance is a boon to the host economy. This article systematizes these doubts...... to highlight the perils of an oversized financial sector. States failing to harness natural resources for development led to the concept of the Resource Curse. In many countries, resource dependence generated slower growth, crowding out, reduced economic diversity, lost entrepreneurialism, unemployment......, economic instability, inequality, conflict, rent-seeking and corruption. The Finance Curse produces similar effects, often for similar reasons. Beyond a point, a growing financial sector can do more harm than good. Unlike the Resource Curse, these harms transcend borders. The concept of a Finance Curse...

  16. Empirical Research on Success Factors of Internet Crowdfunding Project Financing%网络众筹项目融资成功率影响因素的实证研究

    Institute of Scientific and Technical Information of China (English)

    徐子尧; 罗杰

    2016-01-01

    With the development of internet technology, the internet has become a part of modern banking financial sector that cannot be ignored. Internet crowdfunding as one of the typical financial product is a new way of invest-ment and financing in recent years. This paper selects six large-scale crowdfunding platforms and analyzes the fac-tors that influence the success of crowdfunding. The study argues that the project platform, planning, promotion level and region would have an impact on the success of projects. Based on empirical study, the paper provides some policy suggestions, hoping to promote the development of China's internet crowdfunding.%网络众筹作为互联网金融的典型产物之一,是近几年产生并发展的一种新型投融资模式。论文选取中国当前规模较大的六个众筹平台数据,比较分析影响网络众筹项目成功的因素,研究发现,项目所处平台、项目的规划、推广程度以及项目所处地区均会对项目成功产生影响。基于实证研究结论,论文提出了相应的政策建议。

  17. Rethinking SMEs’ Financing Predicament

    Institute of Scientific and Technical Information of China (English)

    2009-01-01

    A waveofsharpcriticism has been aimed atthebanks concerning the difficulties for China’ss mallandmedium-sized enterprises(SMEs)in acquiring financing,whilethe Central Government began to strongly urge banks to provide loans for SMEs.Shouldall SMEs be financed while the bankst ake theblame?Is there anyother viable way to pull SMEs outof the financial predicament?Qiu Haiping,a professor with the School of Economics at Renmin University of China,recentlye xamined the issue and offered insights in the Guangming Daily.Edited excerpts follow

  18. Preliminary Conceptual Design Report for the FACET-II Project at SLAC National Accelerator Laboratory

    Energy Technology Data Exchange (ETDEWEB)

    Hogan, Mark [SLAC National Accelerator Lab., Menlo Park, CA (United States)

    2016-04-22

    Plasma wakefield acceleration has the potential to dramatically shrink the size and cost of particle accelerators. Research at the SLAC National Accelerator Laboratory has demonstrated that plasmas can provide 1,000 times the acceleration in a given distance compared with current technologies. Developing revolutionary and more efficient acceleration techniques that allow for an affordable high-energy collider is the focus of FACET, a National User Facility at SLAC. The existing FACET National User Facility uses part of SLAC’s two-mile-long linear accelerator to generate high-density beams of electrons and positrons. FACET-II is a new test facility to develop advanced acceleration and coherent radiation techniques with high-energy electron and positron beams. It is the only facility in the world with high energy positron beams. FACET-II provides a major upgrade over current FACET capabilities and the breadth of the potential research program makes it truly unique. It will synergistically pursue accelerator science that is vital to the future of both advanced acceleration techniques for High Energy Physics, ultra-high brightness beams for Basic Energy Science, and novel radiation sources for a wide variety of applications. The design parameters for FACET-II are set by the requirements of the plasma wakefield experimental program. To drive the plasma wakefield requires a high peak current, in excess of 10kA. To reach this peak current, the electron and positron design bunch size is 10μ by 10μ transversely with a bunch length of 10μ. This is more than 200 times better than what has been achieved at the existing FACET. The beam energy is 10 GeV, set by the Linac length available and the repetition rate is up to 30 Hz. The FACET-II project is scheduled to be constructed in three major stages. Components of the project discussed in detail include the following: electron injector, bunch compressors and linac, the positron system, the Sector 20 sailboat and W chicanes

  19. [Modular project of the Picture Archiving and Communication System (PACS). Preliminary operational experience. I].

    Science.gov (United States)

    Dalla Palma, L; Ukovich, W; Stacul, F; Cuttin Zernich, R; Carbi, N; Giribona, P

    1990-01-01

    Since september 1988 a PAC System (Comm View by AT & T and Philips) has been operating in the Radiology Department of the University Hospital, Trieste. A research project is presently in progress aiming at providing factual evidence for the evaluation of this kind of systems as far as operational, technical, clinical and economic aspects are concerned. The general approach to this research consists in implementing and monitoring a PACS in a stepwise way, starting with a small system connected to some digital modalities only, in order to test the feasibility and effectiveness of the system within a Radiology Department, and to test the possibility of matching the PACS to the Radiological System. The present paper describes in detail the present configuration of this entry-level system and its technical features. The planned development (october 1989) is also depicted. Further developments devise at managing in an integrated way all the radiological images of the four hospitals of Trieste. At present, the PACS is currently used to manage and store on optical disks all the images acquired from the connected modalities plus the related reports, and to perform the reporting sessions for CT examinations (brain and abdomen). The present research effort is devoted to two main areas: clinical evaluation and operational analysis. The object of the operational analysis was the assessment of the impact of PACS on the operations of a Radiology Department. The general approach followed for this research consists in analysing the procedures as they are performed in the conventional way (manual operations), and comparing them to the way they are, or could be, performed using a PACS System (automatic operations). This stage of the project is divided into three phases, concerning respectively the analysis of the organization and operations before PACS, the analysis of the impact of PACS in its initial configuration and the forecast of the influence of PACS in its future setting. A

  20. Tools to Make Online Students and Community Partners in a Service Learning Project More "AT-EASE"--Evidence from a Finance Class

    Science.gov (United States)

    Butchey, Deanne

    2014-01-01

    The impact of service learning as a pedagogy to ensure efficient and effective experiential learning is well recognized, but in business schools, there is a perception that a steep learning curve exists for the students, faculty, and community. We use a tool to motivate and build competence in participants of a service learning project undertaken…

  1. A thematic review of the literature on research and development (R&D) project portfolio valuation and selection models: A Finance perspective

    DEFF Research Database (Denmark)

    Mohammad, Ali Naef

    contributions, the paper identifies the main key for comparison of the existing models used to evaluate R&D project portfolios. All the main selection models are reviewed, criticized compared. Findings – The paper provides a comprehensive assessment of the literature findings on R&D selection and evaluation...

  2. Preliminary Assessment of JERS-1 SAR to Discriminating Boreal Landscape Features for the Boreal Forest Mapping Project

    Science.gov (United States)

    McDonald, Kyle; Williams, Cynthia; Podest, Erika; Chapman, Bruce

    1999-01-01

    This paper presents an overview of the JERS-1 North American Boreal Forest Mapping Project and a preliminary assessment of JERS-1 SAR imagery for application to discriminating features applicable to boreal landscape processes. The present focus of the JERS-1 North American Boreal Forest Mapping Project is the production of continental scale wintertime and summertime SAR mosaics of the North American boreal forest for distribution to the science community. As part of this effort, JERS-1 imagery has been collected over much of Alaska and Canada during the 1997-98 winter and 1998 summer seasons. To complete the mosaics, these data will be augmented with data collected during previous years. These data will be made available to the scientific community via CD ROM containing these and similar data sets compiled from companion studies of Asia and Europe. Regional landscape classification with SAR is important for the baseline information it will provide about distribution of woodlands, positions of treeline, current forest biomass, distribution of wetlands, and extent of major rivercourses. As well as setting the stage for longer term change detection, comparisons across several years provides additional baseline information about short-term landscape change. Rapid changes, including those driven by fire, permafrost heat balance, flooding, and insect outbreaks can dominate boreal systems. We examine JERS-1 imagery covering selected sites in Alaska and Canada to assess quality and applicability to such relevant ecological and hydrological issues. The data are generally of high quality and illustrate many potential applications. A texture-based classification scheme is applied to selected regions to assess the applicability of these data for distinguishing distribution of such landcover types as wetland, tundra, woodland and forested landscapes.

  3. S/sup 3/ Financial Projection Model: preliminary user's manual and system overview

    Energy Technology Data Exchange (ETDEWEB)

    Masso, J. F.

    1976-11-30

    The S/sup 3/ Financial Projection Model is an effort undertaken to construct a pipeline economic model in order to satisfy the requirements of the US ERDA program: Energy Study of Pipeline Transportation System. A brief outline of this process is described in Appendix A, Background on the S/sup 3/ Development of a Pipeline Economic Model. A general overview of the model is presented first to indicate the rationale underlying the model and to show the linkages between the various submodels. An understanding of the basic accounting definitions and self-evident relationships between line items in the general financial accounting reports is a prerequisite for the effective application of the model. Particular attention has been paid in this system description to defining the methods of calculations utilized by the model and to describing the optional capital investment planning techniques that may be exercised with the model. The mathematical relationships underlying various planning techniques are defined and the methods for applying these techniques are discussed with illustrations and sample input data specifications. Decision tables are used to show complex decision rules applied within the model to determine the logical flow of a particular computational routine. The complete set of source data and model options are described along with the procedures for input data preparation and actual program operation.

  4. Advanced Mixed Waste Treatment Project melter system preliminary design technical review meeting

    Energy Technology Data Exchange (ETDEWEB)

    Eddy, T.L.; Raivo, B.D.; Soelberg, N.R.; Wiersholm, O.

    1995-02-01

    The Idaho National Engineering Laboratory Advanced Mixed Waste Treatment Project sponsored a plasma are melter technical design review meeting to evaluate high-temperature melter system configurations for processing heterogeneous alpha-contaminated low-level radioactive waste (ALLW). Thermal processing experts representing Department of Energy contractors, the Environmental Protection Agency, and private sector companies participated in the review. The participants discussed issues and evaluated alternative configurations for three areas of the melter system design: plasma torch melters and graphite arc melters, offgas treatment options, and overall system configuration considerations. The Technical Advisory Committee for the review concluded that graphite arc melters are preferred over plasma torch melters for processing ALLW. Initiating involvement of stakeholders was considered essential at this stage of the design. For the offgas treatment system, the advisory committee raised the question whether to a use wet-dry or a dry-wet system. The committee recommended that the waste stream characterization, feed preparation, and the control system are essential design tasks for the high-temperature melter treatment system. The participants strongly recommended that a complete melter treatment system be assembled to conduct tests with nonradioactive surrogate waste material. A nonradioactive test bed would allow for inexpensive design and operational changes prior to assembling a system for radioactive waste treatment operations.

  5. Preliminary report on the Northern California Power Agency's Notice of Intention to seek certification for NCPA Geothermal Project No. 2

    Energy Technology Data Exchange (ETDEWEB)

    1978-01-01

    This preliminary report on the Northern California Power Agency (NCPA) geothermal power plant proposal has been prepared pursuant to California Public Resources Code Sections 25510, 25512, and 25540. It presents the preliminary Findings of fact and Conclusions adopted by the Commission Committee assigned to conduct proceedings on the Notice. In addition, the report contains a description of the proposed project, a summary of the proceedings to date, and local, state, and Federal government agency comments on the proposal. Finally, the report presents the Committee's view of those issues that require further consideration in future proceedings on the Notice. Pursuant to Public Resources Code Sections 25512 and 25540, the report presents preliminary Findings and Conclusions on: (1) conformity to the forecast of statewide and service area electric power demands; (2) the degree to which the proposed site and facility conform with applicable local, regional, state and Federal standards, ordinances, and laws; and (3) the safety and reliability of the facility.

  6. Does Education Plus Action Lead to Leadership on Climate? Preliminary Results from the ACE Leadership Development Longitudinal Survey Project

    Science.gov (United States)

    Anderson, R. K.; Qusba, L.; Lappe, M.; Flora, J. A.

    2014-12-01

    Through education and leadership development, Alliance for Climate Education (ACE) is building a generation of confident and capable youth driving climate solutions now throughout their lives. In 2011-12, a random sample of 2,800 high school students across the country was surveyed before and after seeing the ACE Assembly on climate science and solutions. The survey showed that the ACE Assembly resulted in a 27% increase in climate science knowledge scores, with 59% of students increasing their intentions to take action on climate and a doubling of the number of students talking to parents and peers about climate change. Students were also compared to the Global Warming's Six Americas classification of Americans' views on climate. Following the ACE Assembly, 60% of students were alarmed or concerned about climate change. Building off these results, in 2014 ACE began to assess the results of its leadership development program that follows the ACE Assembly. The goal of this survey project is to measure ACE's long-term impact on students' college and career pathways, civic engagement and climate action. Preliminary results show that a majority of students in ACE's leadership development program are alarmed about global warming and are having conversations about global warming. A majority of these students also feel confident in their ability to lead a climate-related campaign in their school and community. These students will continue to be surveyed through 2015.

  7. The Adaptation Finance Gap Update - with insights from the INDCs

    DEFF Research Database (Denmark)

    Olhoff, Anne; Bee, Skylar; Puig, Daniel

    In 2014 the United Nations Environment Programme (UNEP) published its first global Adaptation Gap Report (AGR 2014) (UNEP, 2014), which put forward a preliminary framework for assessing adaptation gaps along with an initial assessment in three selected areas: finance, technology and knowledge...... will be published in the spring of 2016. This update is intended as an input to discussions at the 21st session of the Conference of the Parties (COP 21) to the United Nations Framework Convention on Climate Change (UNFCCC). It brings together key findings on adaptation costs and finance from AGR 2014...... and preliminary findings from the 2016 assessment. Furthermore, it draws on insights concerning adaptation costs and related finance needs, as stated in the adaptation components in the Intended Nationally Determined Contributions (INDCs) – the post-2020 climate actions that countries intend to undertake...

  8. The ICDP Snake River Geothermal Drilling Project: preliminary overview of borehole geophysics

    Science.gov (United States)

    Schmitt, Douglas R.; Liberty, Lee M.; Kessler, James E.; Kuck, Jochem; Kofman, Randolph; Bishop, Ross; Shervais, John W.; Evans, James P.; Champion, Duane E.

    2012-01-01

    Hotspot: The Snake River Geothermal Drilling Project was undertaken to better understand the geothermal systems in three locations across the Snake River Plain with varying geological and hydrological structure. An extensive series of standard and specialized geophysical logs were obtained in each of the wells. Hydrogen-index neutron and γ-γ density logs employing active sources were deployed through the drill string, and although not fully calibrated for such a situation do provide semi-quantitative information related to the ‘stratigraphy’ of the basalt flows and on the existence of alteration minerals. Electrical resistivity logs highlight the existence of some fracture and mineralized zones. Magnetic susceptibility together with the vector magnetic field measurements display substantial variations that, in combination with laboratory measurements, may provide a tool for tracking magnetic field reversals along the borehole. Full waveform sonic logs highlight the variations in compressional and shear velocity along the borehole. These, together with the high resolution borehole seismic measurements display changes with depth that are not yet understood. The borehole seismic measurements indicate that seismic arrivals are obtained at depth in the formations and that strong seismic reflections are produced at lithological contacts seen in the corresponding core logging. Finally, oriented ultrasonic borehole televiewer images were obtained over most of the wells and these correlate well with the nearly 6 km of core obtained. This good image log to core correlations, particularly with regards to drilling induced breakouts and tensile borehole and core fractures will allow for confident estimates of stress directions and or placing constraints on stress magnitudes. Such correlations will be used to orient in core orientation giving information useful in hydrological assessments, paleomagnetic dating, and structural volcanology.

  9. Patient Perceptions of Participating in the RSNA Image Share Project: a Preliminary Study.

    Science.gov (United States)

    Hiremath, Atheeth; Awan, Omer; Mendelson, David; Siegel, Eliot L

    2016-04-01

    The purpose of this study was to gauge patient perceptions of the RSNA Image Share Project (ISP), a pilot program that provides patients access to their imaging studies online via secure Personal Health Record (PHR) accounts. Two separate Institutional Review Board exempted surveys were distributed to patients depending on whether they decided to enroll or opt out of enrollment in the ISP. For patients that enrolled, a survey gauged baseline computer usage, perceptions of online access to images through the ISP, effect of patient access to images on patient-physician relationships, and interest in alternative use of images. The other survey documented the age and reasons for declining participation for those that opted out of enrolling in the ISP. Out of 564 patients, 470 enrolled in the ISP (83 % participation rate) and 456 of these 470 individuals completed the survey for a survey participation rate of 97 %. Patients who enrolled overwhelmingly perceived access to online images as beneficial and felt it bolstered their patient-physician relationship. Out of 564 patients, 94 declined enrollment in the ISP and all 94 individuals completed the survey for a survey participation rate of 100 %. Patients who declined to participate in the ISP cited unreliable access to Internet and existing availability of non-web-based intra-network images to their physicians. Patients who participated in the ISP found having a measure of control over their images to be beneficial and felt that patient-physician relationships could be negatively affected by challenges related to image accessibility.

  10. The Interactive Virtual Earth Science Teaching (InVEST) project: preliminary results

    Science.gov (United States)

    Gallus, W.; Cervato, C.; Parham, T.; Larsen, M.; Cruz-Neira, C.; Boudreaux, H.

    2009-04-01

    The InVEST (Interactive Virtual Earth Science Teaching) project has as its goal the development of state-of-the-art virtual reality geoscience tools that can be used to correct student misunderstandings about some geoscience phenomena. One tool, originally developed several years ago, the virtual tornadic thunderstorm, was recently modified based on feedback from instructors given the opportunity to use the tool. The modified virtual storm will be demonstrated during the presentation. In addition, a virtual volcano application is currently under development. To steer the development of this application, a Volcanic Concept Survey was recently administered to over 600 students at six U.S. institutions with the goal of identifying areas of greatest misconception relating to volcanoes. Both mean and median scores on the instrument were exceptionally low, indicating that students generally possessed minimal understanding of volcanic systems. High scores were restricted to the simplest aspects of volcanism (terminology, basic volcano shape) while questions requiring higher thinking and deeper conceptual connections (analysis of patterns, eruptive controls, and hazards) saw much lower scores. Categorical analysis of response types revealed the extent of specific misconceptions, the most predominant of which demonstrated a failure to link tectonics to a global volcanic pattern. Eruptive catalysts and controls also appear poorly understood, as are volcanic impacts on the environment and human endeavors. The survey also included demographic information which has been analyzed. Analysis of student sources of knowledge found that over 41% of students said that they had acquired most of their understanding about volcanoes from non-traditional sources such as the popular media and Hollywood films. Application of a multiple linear regression model and an expanded model suggests that these students were much less likely to receive high scores on questions relating to understanding

  11. Relocation of hypocenters from DOMERAPI and BMKG networks: a preliminary result from DOMERAPI project

    Science.gov (United States)

    Ramdhan, Mohamad; Widiyantoro, Sri; Nugraha, Andri Dian; Métaxian, Jean-Philippe; Saepuloh, Asep; Kristyawan, Said; Sembiring, Andry Syaly; Santoso, Agus Budi; Laurin, Antoine; Fahmi, Ahmad Ali

    2017-04-01

    Merapi volcano located in central Java, Indonesia, is one of the most active stratovolcanoes in the world. Many Earth scientists have conducted studies on this volcano using various methods. The geological features around Merapi are very attractive to be investigated because they have been formed by a complex tectonic process and volcanic activities since tens of millions of years ago. The southern mountain range, Kendeng basin and Opak active fault located around the study area resulted from these processes. DOMERAPI project was conducted to understand deep magma sources of the Merapi volcano comprehensively. The DOMERAPI network was running from October 2013 to mid-April 2015 by deploying 46 broad-band seismometers around the volcano. Several steps, i.e., earthquake event identification, arrival time picking of P and S waves, hypocenter determination and hypocenter relocation, were carried out in this study. We used Geiger's method (Geiger 1912) for hypocenter determination and double-difference method for hypocenter relocation. The relocation result will be used to carry out seismic tomographic imaging of structures beneath the Merapi volcano and its surroundings. For the hypocenter determination, the DOMERAPI data were processed simultaneously with those from the Agency for Meteorology, Climatology and Geophysics (BMKG) seismic network in order to minimize the azimuthal gap. We found that the majority of earthquakes occurred outside the DOMERAPI network. There are 464 and 399 earthquakes obtained before and after hypocenter relocation, respectively. The hypocenter relocation result successfully detects some tectonic features, such as a nearly vertical cluster of events indicating a subduction-related backthrust to the south of central Java and a cluster of events to the east of Opak fault suggesting that the fault has an eastward dip.

  12. Proceedings, U.S. Army Corps of Engineers Seminar on Water Project Financing Held at Fort Belvoir, Virginia on 16-17 May 1984.

    Science.gov (United States)

    1984-10-01

    LIST I Rifle and Pistol Trap and Skeet Multiple Use Hand Court Areas Softball Complex Golf Course Equestrian Area Food and Boat Rental, Train Audubon...Nature Area Model Flying/Boating RV Campground Archery Military Museum - nonprofit Handicapped Trail - Miller supporting Small Water Slide Portable Food ...addition on a cost-reimbursable basis as the Federal Engiener . At a project where Federal power is authorized, traditionally we would design and construct

  13. Finance Law Reviews

    Science.gov (United States)

    Journal of Education Finance, 1975

    1975-01-01

    Reviews recent state and federal court decisions dealing with issues relevant to educational finance. Within the broad area of elementary-secondary education, specific cases involve allocation of federal school aid, fees charged by public schools for textbooks and instructional materials, property acquisition and school construction, and…

  14. Campaign Finance: Reporter Guide

    Science.gov (United States)

    Wieder, Ben

    2014-01-01

    Campaign finance might seem like the exclusive province of political reporters, but there are many good reasons why authors should be paying attention--both in races for education positions and in other key races at the local, state, and federal levels with implications for education. Basic math is a necessary skill and familiarity with a…

  15. Nuclear Physicists in Finance

    Science.gov (United States)

    Mattoni, Carlo

    2017-01-01

    The financial services industry presents an interesting alternative career path for nuclear physicists. Careers in finance typically offer intellectual challenge, a fast pace, high caliber colleagues, merit-based compensation with substantial upside, and an opportunity to deploy skills learned as a physicist. Physicists are employed at a wide range of financial institutions on both the ``buy side'' (hedge fund managers, private equity managers, mutual fund managers, etc.) and the ``sell side'' (investment banks and brokerages). Historically, physicists in finance were primarily ``quants'' tasked with applying stochastic calculus to determine the price of financial derivatives. With the maturation of the field of derivative pricing, physicists in finance today find work in a variety of roles ranging from quantification and management of risk to investment analysis to development of sophisticated software used to price, trade, and risk manage securities. Only a small subset of today's finance careers for physicists require the use of advanced math and practically none provide an opportunity to tinker with an apparatus, yet most nevertheless draw on important skills honed during the training of a nuclear physicist. Intellectually rigorous critical thinking, sophisticated problem solving, an attention to minute detail and an ability to create and test hypotheses based on incomplete information are key to both disciplines.

  16. Does Library Use Affect Student Attainment? A Preliminary Report on the Library Impact Data Project

    Directory of Open Access Journals (Sweden)

    Graham Stone

    2011-10-01

    . This paper will report on the initial findings of the project and whether the measurable targets have been achieved: Sufficient data are successfully captured from all partners; Statistical significance is proved for all data; The hypothesis is either wholly or partly proved for each data type and partner.

  17. Preliminary analysis of downhole logging data from ICDP Lake Junin drilling Project, Peru

    Science.gov (United States)

    Pierdominici, Simona; Kück, Jochem; Rodbell, Donald T.; Abbott, Mark B.

    2016-04-01

    The International Continental Drilling Programm (ICDP) has supported a scientific drilling campaign in Peru during the summer season 2015. The Lake Junin Drilling Project mainly aims at obtaining high-resolution paleoclimate records from lacustrine sediments to reconstruct the history of the continental records covering the glacial-interglacial cycles. Lake Junín is located at 4000 m a.s.l. in the tropical Andes of Peru, and is characterized by a thick (> 125 m) sediment package deposited at a high rate (0.2 to 1.0 mm yr-1). Lake Junín is one of the few lakes in the tropical Andes that predates the maximum extent of glaciation and is in a geomorphic position to record the waxing and waning of glaciers in nearby cordillera, hence making the lake a key site for the investigation of the Quaternary climate evolution in the inner-tropics of the Southern Hemisphere. Continous coring was performed at three sites in overall 11 boreholes on the lake with at least two overlapping boreholes per site to avoid core gaps. The depth of the boreholes varied between approx. 30 m and 110 m depending on the drill site. The core bit had a bit size of 122.6 mm and yielded a core diameter of 85 mm. Upon completion of coring operations downhole geophysical logging was performed in five of the 11 boreholes (1A, 1C, 1D, 2A and 3B) by the Operational Support Group of ICDP. The main objective was to record in-situ the physical properties of the lacustrine sediments of Lake Junin. Downhole logs provide a powerful tool to fill in information at intervals with core gaps and as depth reference for depth matching of the discontinous cores. Furthermore it will be used for the lithological reconstruction and interpretation. The OSG downhole logging comprised total and spectrum gamma ray, magnetic susceptibility, borehole geometry, temperature, and sonic P-wave velocity. Unstable and collapsing borehole walls made it neccessary to carry out logging in several sections instead of in one run. The

  18. From Finance Capitalism to Financialization

    DEFF Research Database (Denmark)

    Hansen, Per H.

    2014-01-01

    In this article I interpret 150 years of financial history with a focus on shifts in the role of finance in society. I argue that over time the role of finance has shifted twice from that of servant to that of master of society, and that this process has been driven by sense making through narrat...... narratives that legitimized and shaped these changes. When finance became a master rent seeking, cultural capture and out-of control financial innovation resulted in financial and social instability. Finance as a master was the characteristic of finance capitalism from around 1900......–1931 and of financialization from around 1980 to today. Finance capitalism and financialization were enabled by a dominant narrative that legitimized the power of finance. The shifts in the role of finance happened when crises undermined the meaning of the existing narrative and created for a new narrative able to make sense...

  19. 谈建筑安装工程前期策划%Discussion on the preliminary planning of construction and installation project

    Institute of Scientific and Technical Information of China (English)

    李芳

    2014-01-01

    主要从建筑安装承包方的角度,阐述了在建筑安装工程项目实施全过程中进行前期策划的重要性和必要性,对策划的方法与重点内容进行了详细的说明,促使建筑安装工程前期策划更为科学合理。%Mainly from the angle of construction installation contractor, this paper elaborated the importance and necessity of preliminary plan-ning in construction and installation engineering project implementation process, explained in detail the planning methods and important con-tents, promoted the preliminary planning more scientific and reasonable of construction and installation project.

  20. The Challenge of Islamic Finance

    OpenAIRE

    Sheng, Andrew; Singh, Ajit

    2012-01-01

    From its humble beginnings in the 1990s, Islamic finance has become a trillion US dollar industry. The market consensus is that Islamic finance has a bright future due to favourable demographics and rising incomes in the Muslim community. Moreover, despite voices sceptical of an accommodation between Islamic and global finance, leading global banks are buying Islamic bonds and forming subsidiaries specially to conduct Islamic finance business. Special laws have been passed in non-Muslim fi...

  1. TAXATION AND FINANCE CONSTRAINED FIRMS

    OpenAIRE

    Iris Claus

    2006-01-01

    This paper develops an open economy model to assess the long-run effects of taxation where firms are finance constrained. Finance constraints arise because of imperfect information between borrowers and lenders. Only borowers (firms) can costlessly observe actual returns from production. Imperfect information and finance constraints magnify the effects of taxation. A reduction (rise) in income taxation increases (lowers) firms' internal funds and their ability to assess external finance to ex...

  2. The Italian bat roost project: a preliminary inventory of sites and conservation perspectives

    Directory of Open Access Journals (Sweden)

    Gruppo Italiano di Ricerca sui Chirotter GIRC

    2005-01-01

    Full Text Available Abstract The Italian bat roost project, launched by the Italian Chiroptera Research Group (GIRC, aims to develop a constantly updated national database of bat roosts. Short-term objectives are to inventory roosts and identify the most important ones from a conservation perspective, in order to set priorities for management actions. Published records and field data from 1990 onwards are filed. To date, the database contains 1243 records from 750 roosts, covering 352 10x10 km UTM grid-cells. Among roosts, 167 were used for hibernation (S roosts, 244 for breeding (R roosts and 431 as either temporary roosts or for unknown needs, not verified or not considered in the survey (X roosts. Roosting sites occurred in buildings (45.1%, caves (35.3%, artificial underground sites (10.3%, trees (5.5%, bridges (2.1%, bat boxes (1.3% and rocky cliffs (0.4%. At least 29 species were found, and the number of roosts per species ranged between 1 and 261. S and/or R roosts fulfilling certain combinations of number of species and individuals or having at least 50 individuals of species cited in Annex II of the 92/43/EEC Directive (excluding Miniopterus schreibersii, adding Myotis punicus were classified as sites of special conservation interest. When meeting at least one such conditions, type X roosts that were not classified as either S or R, were considered potential sites of special conservation interest, for which further data collection is recommended. In all, 97 roosts of special conservation interest were identified: 30 S roosts, 60 R roosts and 7 roosts selected for both hibernation and breeding. 20 X roosts were identified as potential sites of special conservation interest. For at least 93.7% of roosts, factors potentially harming the bats were documented, particularly people access to the roost, and renovation of buildings used as a roost. In almost two thirds of such cases it was judged that conservation was not ensured

  3. Information,Informal finance,and SME financing

    Institute of Scientific and Technical Information of China (English)

    LIN Justin Yifu; SUN Xifang

    2006-01-01

    Informal finance exists extensively and has been playing an important role in small-and medium-sized enterprise (SME) financing in developing economies,This paper tries to rationalize the extensiveness of informal finance.SME financing suffers more serious information asymmetry to the extent that most SMEs are more opaque and can only provide less collateral.Informal lenders have an advantage over formal financial institutions in collecting "soft information" about SME borrowers.This paper establishes a model including formal and informal lenders and high-and low-risk borrowers with or without sufficient collateral and shows that the credit market in which informal finance is eliminated will allocate funds in some inefficient way,and the efficiency of allocating credit funds can be improved once informal finance is allowed to coexist with formal finance.

  4. Preliminary Planning and Process Control of Railway Engineering Project%浅谈铁路工程项目前期策划及过程控制

    Institute of Scientific and Technical Information of China (English)

    刘佰川

    2016-01-01

    在铁路项目建设的整个周期,如何能保持或达到策划测算的经济目标,如何实施项目全过程控制,使项目施工全过程在预定的轨道上运行,项目的前期策划及过程控制就显得尤为重要。%In the whole cycle of railway construction projects, how to maintain or achieve the economic targets and implement the project whole process control to make the whole process of the project construction in the scheduled track running, the preliminary planning and process control of the project are particularly important.

  5. Project Icarus: Preliminary Thoughts on the Selection of Probes and Instruments for an Icarus-style Interstellar Mission

    Science.gov (United States)

    Crawford, Ian A.

    2016-06-01

    In this paper we outline the range of probes and scientific instruments that will be required in order for Icarus to fulfill its scientific mission of exploring a nearby star, its attendant planetary system, and the intervening interstellar medium. Based on this preliminary analysis, we estimate that the minimum total Icarus scientific payload mass (i.e. the mass of probes and instruments which must be decelerated to rest in the target system to enable a meaningful programme of scientific investigation) will be in the region of 100 tonnes. Of this, approximately 10 tonnes would be allocated for cruise-phase science instruments, and about 35 tonnes (i.e. the average of estimated lower and upper limits of 28 and 41 tonnes) would be contributed by the intra-system science payload itself (i.e. the dry mass of the stellar and planetary probes and their instruments). The remaining ~55 tonnes is allocated for the sub-probe intra-system propulsion requirements (crudely estimated from current Solar System missions; detailed modelling of sub-probe propulsion systems will be needed to refine this figure). The overall mass contributed by the science payload to the total that must be decelerated from the interstellar cruise velocity will be considerably more than 100 tonnes, however, as allowance must be made for the payload structural and infrastructural elements required to support, deploy, and communicate with the science probes and instruments. Based on the earlier Daedalus study, we estimate another factor of two to allow for these components. Pending the outcome of more detailed studies, it therefore appears that an overall science-related payload mass of ~200 tonnes will be required. This paper is a submission of the Project Icarus Study Group.

  6. Airborne pollutant concentrations and health risks in selected Apulia region (IT) areas: preliminary results from the Jonico-Salentino project

    Science.gov (United States)

    Buccolieri, Riccardo; Genga, Alessandra; De Donno, Antonella; Siciliano, Tiziana; Siciliano, Maria; Serio, Francesca; Grassi, Tiziana; Rispoli, Gennaro; Cavaiola, Mattia; Lionello, Piero

    2017-04-01

    The Jonico-Salentino project (PJS) is a multidisciplinary study funded by Apulia Region (Det. N. 188_RU - 10/11/2015) aiming to assess health risk of people living in the cities of Lecce, Brindisi and Taranto. Citizens are exposed to emissions from industrial sources, biomass burning, vehicular, naval and air traffic, as well as from natural radioactive sources (radon). In this context, this work presents some preliminary results obtained by the Unit of University of Salento (Lecce) during an experimental campaign carried out in the study areas. The campaign is devoted to (i) sample particulate matter (PM), (ii) measure micro-meteorological variables and (iii) evaluate exposure levels of residents to main pollutants. Specifically, PM is sampled using a low volume sampler, while meteorological variables (wind speed components and direction temperature, relative humidity, precipitation and global solar radiation) are measured by advanced instrumentation such as ultrasonic anemometers which allows for the estimation of turbulence fluxes. The early effects of exposure to air pollutants is evaluated by the frequency of micronucleus (a biomarker of DNA damage) in exfoliated buccal cells collected using a soft-bristled toothbrush from oral mucosa of primary school children enrolled in the study. PM concentration data collected during the campaign are characterised from a chemical and morphological point of view; the analysis of different groups of particles allows identifying different natural and anthropogenic emission sources. This is done in conjunction to the investigation of the influence of local meteorology to elucidate the contribution of specific types of sources on final concentration levels. Finally, all data are used to assess the health risk of people living in the study areas as consequence of exposure to airborne pollutants.

  7. Reports on research work in the field of the safety of nuclear facilities financed by the Federal Minister of the Interior. Period under report: 1st October - 31th December 1980 (17th quarterly report on SR-projects)

    Energy Technology Data Exchange (ETDEWEB)

    1981-01-01

    The BMI (Home Office) finances the performance of studies, expert's reports and other investigations in the field of the safety of nuclear facilities. The results of these studies (CSR-projects) are meant to contribute to the elucidation of still open questions concerning the atomic licensing procedure. The GRS, who are charged by the BMI, give regular information on the state-of-affairs of such investigations. This is done quarterly resp., annually by editing progrss reports within the report series GRS-F. These reports serve to inform the authorities of the Bund and Laender afflicted as well as the reactor safety commission. Each progress report presents a compilation of individual reports arranged according to subject fields. These are written by the contractors themselves in a standardized form as a documentation of the progress of their work and edited by the supervisory board of the GRS (GRS-FB) within the framework of the general information on progress within the investigations on the safety of nuclear facilities. The individual reports are marked in the order of their arrangement with successive numbers. Each report contains, among other things, data on the objective targets, the work performed, the results gained and the continuation of work planned.

  8. Fuzzy logic for business, finance, and management

    CERN Document Server

    Bojadziev, George

    1997-01-01

    This is an interdisciplinary book for knowledge workers in business, finance, management, and socio-economic sciences. It provides a guide to and techniques for forecasting, decision making, conclusions, and evaluations in an environment involving uncertainty, vagueness, and impression. Traditional modeling techniques do not capture the nature of complex systems especially when humans are involved. Fuzzy logic provides effective tools for dealing with such systems. Emphasis is on applications presented in case studies including Time Forecasting for Project Management, New Product Pricing, Clie

  9. Financing investments in renewable energy: The role of policy design and restructuring

    Energy Technology Data Exchange (ETDEWEB)

    Wiser, R.; Pickle, S. [Lawrence Berkeley National Lab., CA (United States). Environmental Energy Technologies Div.

    1997-03-01

    The costs of electric power projects utilizing renewable energy technologies are highly sensitive to financing terms. Consequently, as the electricity industry is restructured and new renewables policies are created, it is important for policymakers to consider the impacts of renewables policy design on project financing. This report describes the power plant financing process and provides insights to policymakers on the important nexus between renewables policy design and finance. A cash-flow model is used to estimate the impact of various financing variables on renewable energy costs. Past and current renewable energy policies are then evaluated to demonstrate the influence of policy design on the financing process and on financing costs. The possible impacts of electricity restructuring on power plant financing are discussed and key design issues are identified for three specific renewable energy programs being considered in the restructuring process: (1) surcharge-funded policies; (2) renewables portfolio standards; and (3) green marketing programs. Finally, several policies that are intended to directly reduce financing costs and barriers are analyzed. The authors find that one of the key reasons that renewables policies are not more effective is that project development and financing processes are frequently ignored or misunderstood when designing and implementing renewable energy incentives. A policy that is carefully designed can reduce renewable energy costs dramatically by providing revenue certainty that will, in turn, reduce financing risk premiums.

  10. Probabilistic tsunami hazard assessment for the coasts of Italy: preliminary results in the frame of the RITMARE Project

    Science.gov (United States)

    Armigliato, Alberto; Tinti, Stefano; Pagnoni, Gianluca; Zaniboni, Filippo; Bressan, Lidia

    2013-04-01

    The five-year project called RITMARE ("La Ricerca ITaliana per il MARE") is a very ambitious national research and innovation program focussed on all aspects relevant to marine and coastal research, technology and management, with emphasis on networking and international cooperation. The program objectives fit into the overall European Commission vision documents and strategic programs and cover five major themes, one of which deals with technologies for the sustainable management of the coastal areas. The theme is further articulated in work-packages and specific actions, including the systematic and quantitative tsunami hazard assessment for the whole Italian coastlines. The University of Bologna takes part in the project RITMARE, being a member of the University Consortium Conisma, that is a direct partner in the project. We present here some preliminary results obtained by the Tsunami Research Team of the University of Bologna (TRT-UNIBO) by applying a modified version of a hybrid statistical-deterministic approach to the southern Tyrrhenian, Ionian and Adriatic coasts. A widely adopted approach formulates the problem of the tsunami hazard assessment in terms of the probability of occurrence of tsunamigenic earthquakes, which is appropriate in basins where the number of known historical tsunamis is too scarce to be used in reliable statistical analyses, and where the largest part of tsunamis have tectonic origin. The TRT-UNIBO approach starts by building a single homogeneous earthquake catalogue covering the whole national territory, as well as the adjacent areas that are believed to have the potential to produce tsunamis with relevant far-field effects along the Italian coasts. A proper statistical analysis of the catalogue allows retrieving the earthquake occurrence rate at a regional scale as well as in a set of cells in which the studied geographical domain is divided into. The final result of the statistical analysis is the computation for each cell of the

  11. Statistics for Finance

    DEFF Research Database (Denmark)

    Lindström, Erik; Madsen, Henrik; Nielsen, Jan Nygaard

    Statistics for Finance develops students’ professional skills in statistics with applications in finance. Developed from the authors’ courses at the Technical University of Denmark and Lund University, the text bridges the gap between classical, rigorous treatments of financial mathematics...... that rarely connect concepts to data and books on econometrics and time series analysis that do not cover specific problems related to option valuation. The book discusses applications of financial derivatives pertaining to risk assessment and elimination. The authors cover various statistical......, identify interest rate models, value bonds, estimate parameters, and much more. This textbook will help students understand and manage empirical research in financial engineering. It includes examples of how the statistical tools can be used to improve value-at-risk calculations and other issues...

  12. Statistics for Finance

    DEFF Research Database (Denmark)

    Lindström, Erik; Madsen, Henrik; Nielsen, Jan Nygaard

    that rarely connect concepts to data and books on econometrics and time series analysis that do not cover specific problems related to option valuation. The book discusses applications of financial derivatives pertaining to risk assessment and elimination. The authors cover various statistical......, identify interest rate models, value bonds, estimate parameters, and much more. This textbook will help students understand and manage empirical research in financial engineering. It includes examples of how the statistical tools can be used to improve value-at-risk calculations and other issues......Statistics for Finance develops students’ professional skills in statistics with applications in finance. Developed from the authors’ courses at the Technical University of Denmark and Lund University, the text bridges the gap between classical, rigorous treatments of financial mathematics...

  13. Finance and Economic Development

    Directory of Open Access Journals (Sweden)

    Ugo Panizza

    2012-03-01

    Full Text Available Published by Palgrave MacmillanThis chapter reviews the literature on finance and economic development. It starts with a description of the roles of finance, a definition of financial efficiency, and a discussion of whether countries may have financial sectors that are ‘too large’ compared to the size of the domestic economy. Next, the author describes several indicators of financial development and reviews the literature on the relationship between financial development and economic growth. In the literature review, he discusses in detail some recent evidence indicating that the marginal contribution of financial development to gross domestic product (GDP growth becomes negative when credit to the private sector reaches 110 per cent of GDP. The chapter concludes with some policy conclusions targeted to developing countries.

  14. When Art & Finance Collide

    Institute of Scientific and Technical Information of China (English)

    Yu Lintao

    2011-01-01

    CHINA'S art market is on fire.As sales and prices break records,a new force has appeared in the market-organized art finance in the form of art trust funds and artwork exchanges.It was reported that the anonymous winner of the bid for the Song Dynasty calligraphy work Dizhuming by Huang Tingjian (1045-1105).which was sold for a staggering 436.

  15. Green building financing

    OpenAIRE

    Brunko, Pavlo

    2016-01-01

    The article is devoted to the problem of green buildings financing. It is noted that bank lending can be a major source of funds for construction. However, current trends in the economy of Ukraine shows that credit, especially lending to construction, is in poor condition. Accordingly, there is a need to explore the possibility of additional measures that can be applied to bringing financial resources into the construction.The author brings evidence in favor of feasibility of raising funds fo...

  16. Preliminary draft industrial siting administration permit application: Socioeconomic factors technical report. Final technical report, November 1980-May 1982. [Proposed WyCoalGas project in Converse County, Wyoming

    Energy Technology Data Exchange (ETDEWEB)

    1982-01-01

    Under the with-project scenario, WyCoalGas is projected to make a difference in the long-range future of Converse County. Because of the size of the proposed construction and operations work forces, the projected changes in employment, income, labor force, and population will alter Converse County's economic role in the region. Specifically, as growth occurs, Converse County will begin to satisfy a larger portion of its own higher-ordered demands, those that are currently being satisfied by the economy of Casper. Business-serving and household-serving activities, currently absent, will find the larger income and population base forecast to occur with the WyCoalGas project desirable. Converse County's economy will begin to mature, moving away from strict dependence on extractive industries to a more sophisticated structure that could eventually appeal to national, and certainly, regional markets. The technical demand of the WyCoalGas plant will mean a significant influx of varying occupations and skills. The creation of basic manufacturing, advanced trade and service sectors, and concomitant finance and transportation firms will make Converse County more economically autonomous. The county will also begin to serve market center functions for the smaller counties of eastern Wyoming that currently rely on Casper, Cheyenne or other distant market centers. The projected conditions expected to exist in the absence of the WyCoalGas project, the socioeconomic conditions that would accompany the project, and the differences between the two scenarios are considered. The analysis is keyed to the linkages between Converse County and Natrona County.

  17. Tools for computational finance

    CERN Document Server

    Seydel, Rüdiger U

    2017-01-01

    Computational and numerical methods are used in a number of ways across the field of finance. It is the aim of this book to explain how such methods work in financial engineering. By concentrating on the field of option pricing, a core task of financial engineering and risk analysis, this book explores a wide range of computational tools in a coherent and focused manner and will be of use to anyone working in computational finance. Starting with an introductory chapter that presents the financial and stochastic background, the book goes on to detail computational methods using both stochastic and deterministic approaches. Now in its sixth edition, Tools for Computational Finance has been significantly revised and contains:    Several new parts such as a section on extended applications of tree methods, including multidimensional trees, trinomial trees, and the handling of dividends; Additional material in the field of generating normal variates with acceptance-rejection methods, and on Monte Carlo methods...

  18. Scaling up climate finance for sustainable infrastructure in developing cities

    Energy Technology Data Exchange (ETDEWEB)

    Li, Jun

    2010-09-15

    This article investigates the role of carbon finance and seeks to establish a policy framework that allows reorientation of upfront investment in urban infrastructure for facilitating transition towards low-carbon development trajectory in developing cities. It draws on an in-depth exploration of different climate finance mechanisms and their applicability in the context of fast urbanization. We suggest an integrated approach should be adopted to aggregate city-based multiple individual GHG mitigation projects dealing with buildings and transport efficiency. The sectoral approach and NAMAs-based financing schemes be included in post-Kyoto regime for shifting the current trajectories in fast growing developing cities.

  19. Some of the unanswered questions in finance

    Directory of Open Access Journals (Sweden)

    Đurić Dragana M.

    2006-01-01

    Full Text Available A very dynamic development of finance in the last 50 years is inter alia probably due to experiments and innovations in this field. Previously theoretical base could not explain and predict movements especially in volatile times. "The new finance" appeared 50 years ago (portfolio theory CAPM, the efficient market theory, M&M theorem and made substantial progress in understanding movements in globalized and internationalized financial markets. However, many questions remain open. The author tries to put emphasis on some of these questions, perfectly aware that these are not the only ones. Unresolved questions are related to company's aims, project's risks, degree of portfolio optimization, importance of liquidity, dividend policy, as well as factors that determine M&A. As the "new finance" is not able to predict and explain volatile movements, a question that should be posed is whether it is appropriate to add some non-economic factors as the behaviorist theory suggests. Although the behaviorist theory is an important part of "new finance", it is unfortunately the only theory able to explain movements in volatile times. In conclusion, many questions still remain unanswered and wait for appropriate theoretical explanations.

  20. Optimization of finances into regional energy

    Directory of Open Access Journals (Sweden)

    Alexey Yuryevich Domnikov

    2014-06-01

    Full Text Available The development of modern Russian energy collides with the need for major investments in the modernization and renewal of generation and transmission capacity. In terms of attracting sufficient financial resources and find ways to increase, energy sector profitability and investment attractiveness of particular importance is the problem of investment financing optimizing aimed at minimizing the cost of financing while maintaining financial stability of the power companies and the goals and objectives of Russian energy system long-term development. The article discusses the problem of investment projects financing in power generation from the point of view of the need to achieve optimal investment budget. Presents the author’s approach to the investment financing optimization of power generation company that will achieve the minimum cost of resources involved, taking into account the impact of the funding structure for the power generating company financial sustainability. The developed model is applied to the problem of investment budget optimizing, for example, regional power generating company. The results can improve the efficiency of investment in energy, sustainable and competitive development of regional energy systems.

  1. Coherent energy and environmental system analysis. A strategic research project financed by The Danish Council for Strategic Research Programme Commission on Sustainable Energy and Environment

    Energy Technology Data Exchange (ETDEWEB)

    Lund, H. (ed.); Hvelplund, F.; Vad Mathiesen, B. (and others)

    2011-11-15

    The main focus of this project has been A) to further develop and integrate existing tools and methodologies of environmental life cycle assessment and energy system and market analysis into coherent energy and environmental analysis tools. B) to apply such integrated tools and methodologies to the analysis of future sustainable energy systems with an emphasis on: 1) how to integrate the transport sector including considerations of limitations in biomass resources; 2) how to develop future power systems suitable for the integration of distributed renewable energy sources; and 3) how to develop efficient public regulation in an international market environment. It is found that the transition from the present energy system dominated by fossil fuels to a system dominated by renewable energy sources requires significant changes in existing policies on both supply and demand sides. In order to succeed, such change requires the system based on renewables to be supported by strong and efficient energy conservation. In Denmark, wind power and biomass are expected to be the two dominant resources in the short and medium term perspectives. In order to ease the pressure on wind and biomass resources, energy conservation becomes essential and so does the inclusion of contributions from additional sources such as solar and geothermal energy. The change requires infrastructure where intermittent renewable energy sources can be managed in such a way that energy is available at the right time and in the right amount for the consumers. A main challenge for the transition planning is to obtain an efficient coordination between investments in the electricity, transportation, and heat sectors. The policy instruments include new systems of taxes, subsidies, tariffs, and other economic conditions in order to obtain an optimal effect. One main problem is to assure an energy-efficient use of low-temperature sources from CHP, waste incineration, industrial surplus heat and geothermal

  2. Using corporate finance to engineer an organizational turnaround.

    Science.gov (United States)

    Sussman, Jason H; Dziesinski, Ray R

    2002-11-01

    Georgia's Southern Regional Medical Center used a proven corporate finance approach to dramatically improve its financial position and integrate its strategic and financial planning. Managers throughout the organization were educated about principles of corporate finance. Reliable cash-flow projections were used to create a multiyear glide path to financial stability. Initiatives were tied to specific time frames and quantifiable financial goals and underwent a standardized review process.

  3. Micro-financing of renewable energy systems

    Energy Technology Data Exchange (ETDEWEB)

    Bunse, Maike; Wallbaum, Holger [triple innova (Germany); Dienst, Carmen [Wuppertal Inst. for Climate, Environment, Energy (Germany)

    2007-07-01

    While improved energy services have many quality of life benefits like lighting or television, the productive use of electricity can also help to reduce poverty, leading to increased profitability and productivity for micro, small and medium enterprises, and small industries. The remoteness of rural locations usually makes it difficult to expand electricity supply through a centralised grid system. Therefore people living in off-grid regions often rely on expensive fossil fuels like diesel and kerosene. People in remote areas often do not have the financial background to afford the initial costs for renewable energy applications. Micro-financing of renewable energy systems is a possible answer to provide financial services and support productive activities in a sustainable manner for low-income people. There are various types of microfinance institutions (MFIs), ranging from local cooperatives, NGOs, credit unions, private commercial banks and non-bank financial institutions as well as parts of state-owned banks.To underline the benefits of micro financing renewable energy systems, good practice projects of local microfinance activities are presented. These projects have been identified in the course of WISIONS, an initiative of the Wuppertal Inst. for Climate, Environment and Energy with support of ProEvolution, a Swiss-based foundation. The two different approaches of the project support on one side the realisation of new project ideas (SEPS - Sustainable Energy Project Support) and on the other spread successful examples (PREP - Promotion of Resource Efficiency Projects). Through the PREP field of action, good practices in energy and resource efficiency are spread worldwide through the Internet and brochures. In the 5th PREP-brochure of WISIONS on 'Microfinance and Renewable Energy' five good-practice examples are shown that link this promising financing system with modern and sustainable renewable energy technologies.

  4. Reducing Financing Costs for Federal ESPCs

    Energy Technology Data Exchange (ETDEWEB)

    Hughes, P.J.

    2005-01-28

    This report documents the recommendations of a working group commissioned by the Federal Energy Management Program (FEMP) in 2002 to identify ways to reduce financing costs in federal energy savings performance contract (ESPC) projects. The working group is part of continuing efforts launched by FEMP since the award of the Department of Energy's (DOE's) Super ESPCs in 1998 and 1999 to ensure that practical, flexible, and cost-effective alternative financing for energy-efficiency improvements is available to all federal agencies. During FY 2002-2004, the working group pursued extensive fact finding, consulted with government and private-sector finance experts, and analyzed data from federal and local government ESPC programs. The working group observed that both competition and transparency were lacking in federal ESPCs. The working group also found that the government often falls short of full compliance with certain provisions of the final rule that codifies the federal ESPC authority into regulation (10 CFR 436), which speak to due diligence in determining fair and reasonable pricing. Based on these findings, the working group formulated their short-term recommendations of actions that agencies can take immediately to reduce ESPC financing costs. The working group recommended requiring competitive solicitation of offers from prospective financiers of ESPC projects, standardization of processes to keep the playing field level and reduce energy service companies (ESCOs) project development costs, and assuring transparency by specifying that the government will see and review all bids. The reforms are intended to enable the government to determine quickly and reliably whether the portion of price related to financing is fair and reasonable and to provide auditable records of the transaction. The working group's recommendations were incorporated into modifications to the Super ESPCs and requirements to be included in the Super ESPC delivery order

  5. Relationship finance, market finance and endogenous business cycles

    OpenAIRE

    Deidda, Luca Gabriele; Fattouh, Bassam

    2010-01-01

    This paper develops an overlapping generation model with asymmetric information in the credit market such that the interplay between relationship finance supplied by investors who monitor investment decisions ex-ante and market finance supplied by investors who relay on public information can be the source of endogenous business fluctuations. Monitoring helps reducing the inefficiency caused by moral hazard. However, the incentives of entrepreneurs to demand relationship finance to induce mon...

  6. GPP Webinar: Solar Utilization in Higher Education Networking & Information Sharing Group: Financing Issues Discussion

    Science.gov (United States)

    This presentation from a Solar Utilization in Higher Education Networking and Information webinar covers financing and project economics issues related to solar project development in the higher education sector.

  7. Analysis on Predominance of Flexibility-term in the Financing of BOT Project%弹性特许期在BOT项目特许融资中的优势分析

    Institute of Scientific and Technical Information of China (English)

    贾革续; 王丽娜

    2011-01-01

    目前,在基础设施投资随经济增长不断增加的情况下,BOT模式在基础设施建设中被广泛应用.然而,特许期作为BOT项目特许权合同的关键要素之一,一直是学术界和实践界关注的热点.本文通过查阅国内外该领域文献及案例,以固定特许期原理为媒介,分析其应用中的不足——中标者不一定是有能力的项目公司以及易发生频繁的合同谈判.进而在总收入净额和维护成本纯二维出价的基础上提出一种以最低收入现值、最低收入净现值为原理的新的特许经营机制——弹性特许期.相比于固定特许期,这种新机制在选择有能力的项目公司和消除风险等方面起到积极的改善作用.为我国基础设施特许融资项目提供了借鉴意义.%At present, BOT project is widely applied to infrastructure construction in the process of increased investment with the economic growing.As a key factor of concession contract in BOT project, concession term has been the focus both in academic and practice.This paper is analyzed the application of deficiencies, which it is not necessary that successful bidder is the company competent or having frequent contract negotiations, in the basis of fixed concession term theory through literature review.A new franchising mechanism named Flexibility-term is then proposed, which is based on bidimensional bids for total net revenue and maintenance cost in the principle of the least-present-value-of-revenue and the least-present-value-ofnet-revenue.Compared with fixed-term concessions, this new mechanism plays a positive role in promoting the selection of competent concessionaires and eliminating the risk, and thus provides a guidance for the financing of infrastructure projects in China.

  8. 77 FR 9231 - Lock+ Hydro Friends Fund XXVIII; FFP Project 59, LLC; Notice Announcing Preliminary Permit Drawing

    Science.gov (United States)

    2012-02-16

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Lock+ Hydro Friends Fund XXVIII; FFP Project 59, LLC; Notice Announcing... Project No. 14188-000 and FFP Project 59, LLC for Project No. 14200-000. \\1\\ Under the Commission's...

  9. 77 FR 9232 - Lock+ Hydro Friends Fund XXXIV; FFP Project 58, LLC; Notice Announcing Preliminary Permit Drawing

    Science.gov (United States)

    2012-02-16

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Lock+ Hydro Friends Fund XXXIV; FFP Project 58, LLC; Notice Announcing... Project No. 14187-000 and FFP Project 58, LLC for Project No. 14199-000. \\1\\ Under the Commission's...

  10. 77 FR 9230 - Lock+ Hydro Friends Fund XLVII; FFP Project 52, LLC; Notice Announcing Preliminary Permit Drawing

    Science.gov (United States)

    2012-02-16

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Lock+ Hydro Friends Fund XLVII; FFP Project 52, LLC; Notice Announcing... Project No. 14178-000, and FFP Project 52, LLC for Project No. 14190-000. \\1\\ Under the Commission's...

  11. F# for quantitative finance

    CERN Document Server

    Astborg, Johan

    2013-01-01

    To develop your confidence in F#, this tutorial will first introduce you to simpler tasks such as curve fitting. You will then advance to more complex tasks such as implementing algorithms for trading semi-automation in a practical scenario-based format.If you are a data analyst or a practitioner in quantitative finance, economics, or mathematics and wish to learn how to use F# as a functional programming language, this book is for you. You should have a basic conceptual understanding of financial concepts and models. Elementary knowledge of the .NET framework would also be helpful.

  12. Surveying the Alentejo continental shelf for minerals and Quaternary environmental changes: preliminary results of the MINEPLAT project survey

    Science.gov (United States)

    Noiva, João; Ribeiro, Carlos; Terrinha, Pedro; Brito, Pedro; Neres, Marta

    2017-04-01

    assessment of good quality sand deposits between approximately 30m and 50m below sea level aims at minimizing this problem that affects the economy of littoral of Alentejo. The MINEPLAT project (Assessment of the mineral resources potential in the continental shelf of Alentejo and of the environmental conditions caused by the tectonic uplift in the Pliocene-Quaternary) aims at assessing the existence of mineral deposits off the Alentejo. The MINEPLAT-1 geophysical survey acquired very high resolution multi-channel reflection seismics, swath bathymetry, backscatter and magnetic data in a test area. The preliminary results show: previously unknown NNW-SSE aligned magnetic anomalies, possibly corresponding to buried Late Cretaceous alkaline rocks; faults affecting recent sediments; well defined patches of sediments associated to morphologic traps. Future work will involve ground-truthing to characterize the shallow deposits. Acknowledgement: This work was funded by Alentejo 2020 contract ALT20-03-0145-FEDER-000013

  13. Survey of finance companies, 2000

    OpenAIRE

    Karen E. Dynan; Kathleen W. Johnson; Samuel M. Slowinski

    2002-01-01

    Against a backdrop of robust economic activity, the finance company sector expanded briskly over the second half of the 1990s. The value of receivables held by finance companies in the United States rose nearly 50 percent, or about 11 percent a year, between 1996 and 2000. Business lending remained finance companies' major line of activity; the importance to the sector of consumer lending and leasing declined slightly, and the importance of real estate lending rose a bit. These and other find...

  14. SOURCES OF FINANCING INDUSTRIAL COMPLEX ENTERPRISES

    Directory of Open Access Journals (Sweden)

    Anzhela Zakhitovna Namitulina

    2016-01-01

    Full Text Available Subject article is relevant because It is devoted to description of sources of financing of defense enterprises and peculiarities of selection of sources of financing enterprises of the military-industrial complex. In the first part of the article provides an overview of the financial resources and types of funding organizations and enterprises. Description of modern methods of creating a climate for innovation, supporting innovative ideas, and domestic entrepreneurship. The second part of the article describes the direction, the form of financing for companies, taking into account the peculiarities of the development and operation of defense enterprises. The first phase of the study was to identify the main sources of financing for companies in difficult socio-economic conditions of the potential customer of defense products. The second phase of the study was to determine the ranking factors the use of different sources of funding and its impact on the development of enterprises. The presented research topic is particularly relevant in connection with an increase in the role of sources of financing development of the industry for the growth of innovation activity of enterprises. The urgency of acquiring those aspects of economic relations that with the financing of new projects enterprises of the defense-industrial complex, the financing of the state defense order. In today's economic environment has the need to address financial security of the defense-industrial complex, to attract new sources of funding, development of bank lending in the defense sector and the participation of banks in the financing of projects of the enterprises of the military-industrial complex. The processes of market transformation of enterprises of the military-industrial complex (MIC have acquired a special significance in relation to defining the role of these enterprises in the country and providing security to the complexity of their adaptation to market

  15. Empirical techniques in finance

    CERN Document Server

    Bhar, Ramaprasad

    2005-01-01

    This book offers the opportunity to study and experience advanced empi- cal techniques in finance and in general financial economics. It is not only suitable for students with an interest in the field, it is also highly rec- mended for academic researchers as well as the researchers in the industry. The book focuses on the contemporary empirical techniques used in the analysis of financial markets and how these are implemented using actual market data. With an emphasis on Implementation, this book helps foc- ing on strategies for rigorously combing finance theory and modeling technology to extend extant considerations in the literature. The main aim of this book is to equip the readers with an array of tools and techniques that will allow them to explore financial market problems with a fresh perspective. In this sense it is not another volume in eco- metrics. Of course, the traditional econometric methods are still valid and important; the contents of this book will bring in other related modeling topics tha...

  16. Financing medical education.

    Science.gov (United States)

    Petersdorf, R G

    1991-02-01

    The cost of a medical education may dissuade qualified young people from entering the medical profession or may so load them with debt that they cannot pursue relatively low-paid careers in primary care or clinical investigation. Three aspects of this problem are examined: (1) the cost of medical school, (2) the magnitude of student indebtedness, and (3) the effects of this indebtedness on career choices. High tuition and fees require many students to assume sizable educational debts, some of which are so large that the trainees will be unable to repay them unless they enter highly remunerative specialties. Also, high levels of indebtedness may increase default levels once graduates feel the full impact of scheduled repayments. Several steps would help to alleviate this problem, but are unlikely to solve it. First, medical schools should lower tuition or at least declare a moratorium on increases. Second, limits should be imposed on the amount of total education debt a student is allowed to assume. Third, hospitals with extensive residency programs should assume some responsibility for helping trainees manage their finances. Fourth, the government should institute a loan forgiveness program that addresses the need for physician-investigators, primary care physicians, those willing to practice in underserved areas, and those from underrepresented minorities. And fifth, all institutions involved in medical training and its finance should work together to advise students on managing their debts.

  17. Innovations in Wind and Solar PV Financing

    Energy Technology Data Exchange (ETDEWEB)

    Cory, K.; Coughlin, J.; Jenkin, T.; Pater, J.; Swezey, B.

    2008-02-01

    There is growing national interest in renewable energy development based on the economic, environmental, and security benefits that these resources provide. Historically, greater development of our domestic renewable energy resources has faced a number of hurdles, primarily related to cost, regulation, and financing. With the recent sustained increase in the costs and associated volatility of fossil fuels, the economics of renewable energy technologies have become increasingly attractive to investors, both large and small. As a result, new entrants are investing in renewable energy and new business models are emerging. This study surveys some of the current issues related to wind and solar photovoltaic (PV) energy project financing in the electric power industry, and identifies both barriers to and opportunities for increased investment.

  18. Financing drug discovery for orphan diseases.

    Science.gov (United States)

    Fagnan, David E; Gromatzky, Austin A; Stein, Roger M; Fernandez, Jose-Maria; Lo, Andrew W

    2014-05-01

    Recently proposed 'megafund' financing methods for funding translational medicine and drug development require billions of dollars in capital per megafund to de-risk the drug discovery process enough to issue long-term bonds. Here, we demonstrate that the same financing methods can be applied to orphan drug development but, because of the unique nature of orphan diseases and therapeutics (lower development costs, faster FDA approval times, lower failure rates and lower correlation of failures among disease targets) the amount of capital needed to de-risk such portfolios is much lower in this field. Numerical simulations suggest that an orphan disease megafund of only US$575 million can yield double-digit expected rates of return with only 10-20 projects in the portfolio. Copyright © 2013 The Authors. Published by Elsevier Ltd.. All rights reserved.

  19. Preliminary performance assessment for the Waste Isolation Pilot Plant, December 1992. Volume 3, Model parameters: Sandia WIPP Project

    Energy Technology Data Exchange (ETDEWEB)

    1992-12-29

    This volume documents model parameters chosen as of July 1992 that were used by the Performance Assessment Department of Sandia National Laboratories in its 1992 preliminary performance assessment of the Waste Isolation Pilot Plant (WIPP). Ranges and distributions for about 300 modeling parameters in the current secondary data base are presented in tables for the geologic and engineered barriers, global materials (e.g., fluid properties), and agents that act upon the WIPP disposal system such as climate variability and human-intrusion boreholes. The 49 parameters sampled in the 1992 Preliminary Performance Assessment are given special emphasis with tables and graphics that provide insight and sources of data for each parameter.

  20. Financing strategies for lunar energy enterprises: The helium-3 initiative

    Science.gov (United States)

    Schmitt, Harrison H.

    1995-01-01

    Governments presently have little individual or collective interest in financing large scale lunar enterprises, either for science or potential resource utilization. For example, preliminary technical and economic considerations of the return of lunar helium-3 (3He) for terrestrial fusion power plants suggest positive economic and enviromental returns, however, no significant governmental activity has been focused on this or other space related energy options. General analysis of both short and long term returns on investment for a lunar helium-3 enterprise, including considerations of future launch costs, strongly suggests that private financing may be attracted to this endeavor. A privately organized ``catalytic financing'' approach to providing start-up capital for a lunar helium-3 enterprise appears to be worth consideration.

  1. Management Measures Analysis of Preliminary Work of Chaoyang Ring Highway Project%朝阳环城公路项目前期工作管理措施分析

    Institute of Scientific and Technical Information of China (English)

    张建勋

    2012-01-01

    根据朝阳环城公路项目建设的工作实践,总结了项目前期审批和征地拆迁工作。%According to work practice of Chaoyang ring highway project construction, preliminary approval and land requisition and demolishing of the project are summarized.

  2. Promoting Mentalizing in Pupils by Acting on Teachers: Preliminary Italian Evidence of the "Thought in Mind" Project

    National Research Council Canada - National Science Library

    Valle, Annalisa; Massaro, Davide; Castelli, Ilaria; Sangiuliano Intra, Francesca; Lombardi, Elisabetta; Bracaglia, Edoardo; Marchetti, Antonella

    2016-01-01

    .... The "Thought in Mind Project" (TiM Project) provides training targeted to adults-teachers or parents-to increase their mentalization and, consequently, to obtain mentalization improvement in children...

  3. THE RISKS OF FINANCING ENERGETIC PROJECTS

    OpenAIRE

    Isac Claudia; Rascolean Ilie

    2009-01-01

    Working the electric energy system involves many risks that are assumed by the electric energy companies, investors, supplier and customers, as a consequence of interdependence between micro and macroeconomics issues. Main risks that can make an impact on electric energy refer to the following aspects: supplying security, services quality, developing new technologies, electric equipments running,public health and environment.

  4. Project finance - what next for Asia?

    Energy Technology Data Exchange (ETDEWEB)

    Sharp, T.

    2001-04-01

    Essential foreign direct investment (FDI) in the Asian power sector has plummeted to 10% of the 1997 figure, and most of that seems to be flowing to China. The article discusses the reasons for this decline and looks at possibilities for investment in building new power plants or IPPs in countries such as Malaysia, Thailand, Singapore and India. 3 photos.

  5. Development trends of the venture capital financing institution: spaciotemporal profile

    Directory of Open Access Journals (Sweden)

    T. I. Volkova

    2010-09-01

    Full Text Available The article describes the results of the research of development and performance features of the venture capital financing institution in leading countries as well as in Russia and in its regions. A number of main trends in venture financing in accordance with the level of innovation process` development abroad and in our country are emphasized, first of all by stages of support of scientific and technological developments and projects. Positive trends and contradictions in development of venture capital financing institution in Russia and its regions are revealed. Main directions of activation of venture financing process are systematized in accordance with the requirements of the Concept of long-term social-economic development of the Russian Federation till 2020 and the Strategy of social-economic development of the Sverdlovsk region until 2020.

  6. 建设工程项目工程造价前期控制%Preliminary Control of the Project Cost of Construction Engineering

    Institute of Scientific and Technical Information of China (English)

    昝文枭

    2016-01-01

    The engineering cost is the cost in the process of project construction. Engineering construction mainly includes investment decision-making stage, design stage, construction project contract stage and construction project implementation stage. The atages before the project implementation are considered to be the early stage of the project. In the cost control of the project investment, people often only pay attention to the construction stage, but neglecte the preliminary control, it causes serious mistakes in cost management. So this paper analyzes the cost control of project decision-making and design stages to provide the reference for relevant personnel in the project cost.%工程造价是工程项目建设过程中的全部费用.工程建设主要包括投资决策阶段、设计阶段、建设项目发包阶段和建设实施阶段,工程实施之前均视为工程项目的前期阶段.在工程造价的投资控制中,人们往往只注重于施工阶段,却忽视了前期控制,造成造价管理上的重大失误.所以本文就针对项目决策和设计阶段造价控制予以分析,为有关人员在工程造价中提供借鉴.

  7. 77 FR 9232 - Lock+ Hydro Friends Fund XXXV; FFP Project 57, LLC; Notice Announcing Preliminary Permit Drawing

    Science.gov (United States)

    2012-02-16

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Lock+ Hydro Friends Fund XXXV; FFP Project 57, LLC; Notice Announcing... and FFP Project 57, LLC for Project No. 14197-000. \\1\\ Under the Commission's Rules of Practice...

  8. 77 FR 10740 - Riverbank Hydro No. 22, LLC; FFP Project 93, LLC; Notice Announcing Preliminary Permit Drawing

    Science.gov (United States)

    2012-02-23

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Riverbank Hydro No. 22, LLC; FFP Project 93, LLC; Notice Announcing... applications were filed by Riverbank Hydro No. 22, LLC for Project No. 14269-000, and FFP Project 93, LLC...

  9. 77 FR 9231 - Lock+ Hydro Friends Fund XL; FFP Project 56, LLC; Notice Announcing Preliminary Permit Drawing

    Science.gov (United States)

    2012-02-16

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Lock+ Hydro Friends Fund XL; FFP Project 56, LLC; Notice Announcing.... 14189-000 and FFP Project 56, LLC for Project No. 14198-000. \\1\\ Under the Commission's Rules...

  10. 77 FR 9231 - Lock+ Hydro Friends Fund IV; FFP Project 55, LLC; Notice Announcing Preliminary Permit Drawing

    Science.gov (United States)

    2012-02-16

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Lock+ Hydro Friends Fund IV; FFP Project 55, LLC; Notice Announcing... No. 14185-000 and FFP Project 55, LLC for Project No. 14196-000. \\1\\ Under the Commission's Rules...

  11. 77 FR 9915 - Lock+ Hydro Friends Fund XLIV; FFP Project 51, LLC; Notice Announcing Preliminary Permit Drawing

    Science.gov (United States)

    2012-02-21

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Lock+ Hydro Friends Fund XLIV; FFP Project 51, LLC; Notice Announcing... and FFP Project 51, LLC for Project No. 14194-000. \\1\\ Under the Commission's Rules of Practice...

  12. 77 FR 10739 - SV Hydro, LLC, Coffeeville, LLC, FFP Project 99, LLC; Notice Announcing Preliminary Permit Drawing

    Science.gov (United States)

    2012-02-23

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission SV Hydro, LLC, Coffeeville, LLC, FFP Project 99, LLC; Notice Announcing... FFP Project 99, LLC for Project No. 14301-000.\\2\\ \\1\\ Under the Commission's Rules of Practice...

  13. 77 FR 9230 - Lock+ Hydro Friends Fund XLIII; FFP Project 53, LLC; Notice Announcing Preliminary Permit Drawing

    Science.gov (United States)

    2012-02-16

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Lock+ Hydro Friends Fund XLIII; FFP Project 53, LLC; Notice Announcing.... 14181-000, and FFP Project 53, LLC for Project No. 14195-000. \\1\\ Under the Commission's Rules...

  14. 77 FR 12281 - Lock+ Hydro Friends Fund IV; FFP Project 55, LLC; Notice Announcing Preliminary Permit Drawing

    Science.gov (United States)

    2012-02-29

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Lock+ Hydro Friends Fund IV; FFP Project 55, LLC; Notice Announcing.... 14185-000 and FFP Project 55, LLC for Project No. 14196-000. \\1\\ Under the Commission's Rules...

  15. 77 FR 9230 - Lock+ Hydro Friends Fund XLV; FFP Project 2, LLC; Notice Announcing Preliminary Permit Drawing

    Science.gov (United States)

    2012-02-16

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Lock+ Hydro Friends Fund XLV; FFP Project 2, LLC; Notice Announcing... and FFP Project 2, LLC for Project No. 14193-000. \\1\\ Under the Commission's Rules of Practice...

  16. 77 FR 9232 - Lock+ Hydro Friends Fund XXXVIII; FFP Project 1, LLC; Notice Announcing Preliminary Permit Drawing

    Science.gov (United States)

    2012-02-16

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Lock+ Hydro Friends Fund XXXVIII; FFP Project 1, LLC; Notice Announcing...-000 and FFP Project 1, LLC for Project No. 14191-000. \\1\\ Under the Commission's Rules of Practice...

  17. Renewable Energy Finance Tracking Initiative (REFTI) Solar Trend Analysis

    Energy Technology Data Exchange (ETDEWEB)

    Hubbell, R.; Lowder, T.; Mendelsohn, M.; Cory, K.

    2012-09-01

    This report is a summary of the finance trends for small-scale solar photovoltaic (PV) projects (PV <1 MW), large-scale PV projects (PV greater than or equal to 1 MW), and concentrated solar power projects as reported in the National Renewable Energy Laboratory's Renewable Energy Finance Tracking Initiative (REFTI). The report presents REFTI data during the five quarterly periods from the fourth quarter of 2009 to the first half of 2011. The REFTI project relies exclusively on the voluntary participation of industry stakeholders for its data; therefore, it does not offer a comprehensive view of the technologies it tracks. Despite this limitation, REFTI is the only publicly available resource for renewable energy project financial terms. REFTI analysis offers usable inputs into the project economic evaluations of developers and investors, as well as the policy assessments of public utility commissions and others in the renewable energy industry.

  18. Methane Hydrate and Gas In The Continental Margin of West Svalbard - Preliminary Results of The Hydratech Project

    Science.gov (United States)

    Westbrook, G. K.; Hydratech Consortium

    In July 2001, two sites in the continental margin west of Svalbard were the subject of seismic investigation as part of the EC-FP5-EESD project HYDRATECH - Tech- niques for the Quantification of Methane Hydrate in European Continental Margins. The northern of the two sites, is underlain by a bottom-simulating reflector (BSR), be- lieved to mark the downward transition from sediment containing hydrate to sediment containing free gas [Posewang &Mienert, Geo-Marine Letters, 19, 150-156, 1999]. At the southern site, bright spots, associated with a decrease in seismic velocity, occur above active mud diapirs that intrude a local basin near the foot of the continental margin. At each site, an array of 20 four-component OBS at 400-m spacing was de- ployed at the centre of a grid of seismic lines shot with 200-m line spacing and a 20-m shot spacing. The seismic source comprised two 0.65-litre sleeve guns, and single- channel reflection profiles were recorded along each shot line. At the northern site, a BSR is seen in most of the reflection profiles, at a depth of about 250 ms below the sea bed. It has opposite polarity to the seabed reflector, and obliquely cuts across the reflectors related to bedding, which show increased amplitude and lower frequency content beneath the BSR. Some of these reflectors show a change in polarity where they cross the BSR. Generally, the BSR is a reflector that exists independently of the other reflectors, at the scale of the seismic resolution of the profiles, although in parts of the profiles the hydrate/gas transition is only evident from the change in amplitude of the bedding reflectors. A preliminary inversion of the travel-time data recorded by one OBS from one shot line shows that P-wave velocity increases steadily with depth to 1800 m/s at the BSR, at a depth of 205 m, beneath which the velocity decreases rapidly to about 1460 m/s. This zone of low velocity, about 50-m thick, beneath the BSR is interpreted to be caused by the

  19. The Possibilities of Strategic Finance

    Science.gov (United States)

    Chaffee, Ellen

    2010-01-01

    Strategic finance is aligning financial decisions--regarding revenues, creating and maintaining institutional assets, and using those assets--with the institution's mission and strategic plan. The concept known as "strategic finance" increasingly is being seen as a useful perspective for helping boards and presidents develop a sustainable…

  20. Mastering R for quantitative finance

    CERN Document Server

    Berlinger, Edina; Badics, Milán; Banai, Ádám; Daróczi, Gergely; Dömötör, Barbara; Gabler, Gergely; Havran, Dániel; Juhász, Péter; Margitai, István; Márkus, Balázs; Medvegyev, Péter; Molnár, Julia; Szucs, Balázs Árpád; Tuza, Ágnes; Vadász, Tamás; Váradi, Kata; Vidovics-Dancs, Ágnes

    2015-01-01

    This book is intended for those who want to learn how to use R's capabilities to build models in quantitative finance at a more advanced level. If you wish to perfectly take up the rhythm of the chapters, you need to be at an intermediate level in quantitative finance and you also need to have a reasonable knowledge of R.

  1. The Possibilities of Strategic Finance

    Science.gov (United States)

    Chaffee, Ellen

    2010-01-01

    Strategic finance is aligning financial decisions--regarding revenues, creating and maintaining institutional assets, and using those assets--with the institution's mission and strategic plan. The concept known as "strategic finance" increasingly is being seen as a useful perspective for helping boards and presidents develop a sustainable…

  2. Personal Finance: An Interdisciplinary Profession

    Science.gov (United States)

    Schuchardt, Jane; Bagwell, Dorothy C; Bailey, William C.; DeVaney, Sharon A.; Grable, John E.; Leech, Irene E.; Lown, Jean M.; Sharpe, Deanna L.; Xiao, Jing J.

    2007-01-01

    This commentary recommends that financial counseling and planning research, education, and practice be framed as an interdisciplinary profession called personal finance. Authors summarize the history of the profession and key theories providing the conceptual foundation. In order for the emerging profession of personal finance to achieve…

  3. Family control and financing decisions

    NARCIS (Netherlands)

    Croci, Ettore; Doukas, John A.; Gonenc, Halit

    2011-01-01

    This study uses a comprehensive European dataset to investigate the role of family control in corporate financing decisions during the period 1998-2008. We find that family firms have a preference for debt financing, a non-control-diluting security, and are more reluctant than non-family firms to ra

  4. Fair Finance: gaat dat samen?

    NARCIS (Netherlands)

    Boersma, Margreet

    2014-01-01

    Op 13 februari jl. organiseerden studievereniging HSE Faktor, het Instituut FEM en Oikocredit (een bedrijf dat microkredieten verstrekt aan arme mensen in ontwikkelingslanden) het Fair Finance Symposium. Margreet Boersma gaf een lezing over haar kijk op een betere (financiële) wereld, mede gericht o

  5. 浅谈水电项目前期工作管理%The Management of Preliminary Work of Hydropower Project

    Institute of Scientific and Technical Information of China (English)

    李俊华

    2013-01-01

      水电项目前期工作对工程的实施起着基础性作用,必须在设计论证、移民安置、合同管理方面扎实做好工作才能为主体工程的顺利建设打下坚实基础。%The preliminary work of hydropower project plays a fundamental role on the implementation of the project. It must be done well in the following aspects: the design argument, resettlement of inhabitant, the contract management etc., so as to lay a solid foundation for the smooth construction of the main work.

  6. Does literacy improve finance?

    Science.gov (United States)

    Poon, Martha; Olen, Helaine

    2015-04-01

    When economists ask questions about basic financial principles, most ordinary people answer incorrectly. Economic experts call this condition "financial illiteracy," which suggests that poor financial outcomes are due to a personal deficit of reading-related skills. The analogy to reading is compelling because it suggests that we can teach our way out of population-wide financial failure. In this comment, we explain why the idea of literacy appeals to policy makers in the advanced industrial nations. But we also show that the narrow skill set laid out by economists does not satisfy the politically inclusive definition of literacy that literacy studies fought for. We identify several channels through which people engage with ideas about finance and demonstrate that not all forms of literacy will lead people to the educational content prescribed by academic economists. We argue that truly financial literate people can defy the demands of financial theory and financial institutions.

  7. Romanian SMEs Financing Options:

    Directory of Open Access Journals (Sweden)

    Ioan E. Nistor

    2013-11-01

    Full Text Available One of the most pressing problems faced by micro, small and medium sized enterprises (henceforth SMEs in Europe is the access to sufficient funds to sustain their long term growth. Romanian SMEs make no exception. In this context the present paper focuses on analyzing the extent to which external funding sources have contributed to the value added created by the Romanian SMEs between 2007 and 2011.The investigation’s results indicate the existence of a causal link between some forms of external financing (namely bank loans, leasing, factoring, guarantee products and European funds and the value added created by the Romanian micro, small and medium sized enterprises in the aforementioned period.

  8. Applied quantitative finance

    CERN Document Server

    Chen, Cathy; Overbeck, Ludger

    2017-01-01

    This volume provides practical solutions and introduces recent theoretical developments in risk management, pricing of credit derivatives, quantification of volatility and copula modeling. This third edition is devoted to modern risk analysis based on quantitative methods and textual analytics to meet the current challenges in banking and finance. It includes 14 new contributions and presents a comprehensive, state-of-the-art treatment of cutting-edge methods and topics, such as collateralized debt obligations, the high-frequency analysis of market liquidity, and realized volatility. The book is divided into three parts: Part 1 revisits important market risk issues, while Part 2 introduces novel concepts in credit risk and its management along with updated quantitative methods. The third part discusses the dynamics of risk management and includes risk analysis of energy markets and for cryptocurrencies. Digital assets, such as blockchain-based currencies, have become popular b ut are theoretically challenging...

  9. Statistics and finance an introduction

    CERN Document Server

    Ruppert, David

    2004-01-01

    This textbook emphasizes the applications of statistics and probability to finance. Students are assumed to have had a prior course in statistics, but no background in finance or economics. The basics of probability and statistics are reviewed and more advanced topics in statistics, such as regression, ARMA and GARCH models, the bootstrap, and nonparametric regression using splines, are introduced as needed. The book covers the classical methods of finance such as portfolio theory, CAPM, and the Black-Scholes formula, and it introduces the somewhat newer area of behavioral finance. Applications and use of MATLAB and SAS software are stressed. The book will serve as a text in courses aimed at advanced undergraduates and masters students in statistics, engineering, and applied mathematics as well as quantitatively oriented MBA students. Those in the finance industry wishing to know more statistics could also use it for self-study. David Ruppert is the Andrew Schultz, Jr. Professor of Engineering, School of Oper...

  10. Small-scale hydro power in the Anniviers Valley. Project Ayer-Nava. Variants and preliminary project; Forces Motrices de la Gougra SA. Mini-hydraulique en Anniviers. Projet Ayer-Nava. Etude de variantes et avant-projet

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2008-04-15

    This report for the Swiss Federal Office of Energy (SFOE) reports on the preliminary project for a small hydropower plant near Ayer, a village in the Anniviers Valley (Swiss Alps). Water from the Nava, a steep mountain river, should be lead into a hydraulic scheme for power generation. A hydraulic head of 400 to 550 m is available, depending on the variant considered. The corresponding expected mechanical power is 0.9 to 1.1 MW. For the most promising variant a preliminary project is described (peak electric power: 0.91 MW, annual electrical energy production: 3.1 GWh). The local geology and hydrogeology are presented. The water collection points, conduits and the power station are described. Technical details on water quantities and energy production are presented. Financial aspects including construction and operating costs are presented and the economic viability of the project is discussed. Environmental aspects are reviewed. Further steps to be taken in the realisation of this hydropower installation are listed.

  11. 浅论稳步推进水利工程移民安置前期工作%On Steady Promotion of Water Conservancy Project Immigrant Preliminary Resettlement Work

    Institute of Scientific and Technical Information of China (English)

    杨在华

    2013-01-01

      The preliminary work of resettlement is an important part of water conservancy project preliminary work , and it is related to the smooth project establishment , approval and construction of water conservancy project .It is also related to long-term stability of reservoir area and the resettlement area .The paper analyzes and describes the preliminary work of settlement in water conservancy project , thereby steadily promoting resettlement preliminary work of water conservancy project, and improving the quality of preliminary work .%  移民安置前期工作是水利工程前期工作的重要组成部分,事关水利工程顺利立项、审批、建设,以及库区和移民安置区的长治久安。本文对水利工程移民安置前期工作进行了分析阐述,以利稳步推进水利工程移民安置前期工作,提高前期工作质量。

  12. BOT项目融资模式在农业基础设施建设中的应用%Application of BOT Project Financing Mode in Construction of Agricultural Infrastructure

    Institute of Scientific and Technical Information of China (English)

    杨建斌

    2011-01-01

    目前,BOT融资模式仍为我国农业基础设施建设融资的重要方式.在借鉴国内外有关专家与学者研究成果的基础上,对BOT融资模式下农业基础设施建设的相关问题进行了探讨.%At present, BOT financing mode is still is an important way to do financing for construction of agricultural infrastructure in China. On the basis of reviewing research results that obtained from experts and scholars in China and abroad, the issues that related to construction of agricultural infrastructure under BOT financing mode were discussed.

  13. Financing Infrastructure: A Spectrum of Country Approaches

    OpenAIRE

    Sophia Chong; Emily Poole

    2013-01-01

    Over recent decades, there has been a shift away from public infrastructure financing towards private infrastructure financing, particularly in advanced economies. In this article, infrastructure financing in four countries – China, India, Australia and the United Kingdom – is examined to illustrate the different approaches taken by governments to finance infrastructure and encourage private financing. In all four countries, public financing of infrastructure remains significant, ranging from...

  14. International experience with urban infrastructure development financing

    Directory of Open Access Journals (Sweden)

    Andrii Buriachenko

    2014-02-01

    Full Text Available The paper substantiates the need for scientific studying the state of local infrastructure financing as well as efficient management of the existing infrastructure facilities. It is noted that under the influence of such factors as globalization, urbanization and information revolution the value of the city and role thereof in society are increasing. Based on analysis of the budget and demographic indices it has been proven that Kyiv, as the capital, occupies a unique place in the economic life of Ukraine, while being the country's financial and investment centre. It has been asserted that the critical level of the city's key infrastructure deterioration indicates lack of adequate municipal management in this field. The paper also asserts a high level of monopolization regarding housing and communal services, whereas also provides substantiation of the need for developing new competitive financing mechanisms to be applied. Existence of significant disparities between development of the city and construction of the essential transport infrastructure has been demonstrated with the said fact being due to incompliance of the borrowed finances with real investment needs. Given the international experience, the methods of upgrading the existing city infrastructure as well as sources of financial support for the new infrastructure projects have been suggested

  15. Financing of terrorism : risks for Australia

    National Research Council Canada - National Science Library

    SMITH, Russell G; McCusker, Rob; Walters, Julie

    2010-01-01

    Global financing of terrorism - activities of transnational, organised groups - financing of terrorism through the use of illegally obtained funds and the diversion of funds intended for legitimate...

  16. Financing of terrorism : risks for Australia

    National Research Council Canada - National Science Library

    SMITH, Russell G; McCusker, Rob; Walters, Julie

    2010-01-01

    ... activities - financing of terrorism within Australia - regulatory framework in Australia - evidence of financing of terrorism in Australia - conclusion that Australia is at some risk of terrorist...

  17. Plugging the Energy Efficiency Gap with Climate Finance

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2012-07-01

    The role of International Financial Institutions (IFIs) and the Green Climate Fund to realise the potential of energy efficiency in developing countries. This report examines the current role of climate finance in funding EE projects and the potential to channel funds to relevant EE projects in developing countries under the new Green Climate Fund (GCF). The objectives of the report are to examine: 1) the share of climate finance currently being channelled to energy efficiency measures, and 2) how the design of climate finance can better facilitate energy efficiency projects. Improving energy efficiency (EE) can deliver a range of benefits such as improved air quality, enhanced economic competitiveness and, at the national scale, a higher degree of energy security. Significant improvements in energy efficiency in developing countries could provide greater opportunity for economic growth while also providing broader access to energy and related services even from limited energy resources. However, several barriers limit the scaling-up of funding of EE projects in developing countries (some are common also to developed countries). The report focuses primarily on public climate finance flows from 'north' to 'south', probing the current use of funds from multi-lateral development banks (MDBs), bi-lateral financial institutions (BFIs) and carbon markets for energy efficiency projects and the design of the future climate financial mechanisms such as the Green Climate Fund to encourage energy efficiency improvements in developing countries.

  18. Alternative financing sources. ECRI. Emergency Care Research Institute.

    Science.gov (United States)

    1987-01-01

    A number of new capital sources have been developed and used by health care institutions unable to finance high-tech projects with equity or conventional tax-exempt debt instruments; these include REITs, MLPs, per-use rentals, venture capital, and banks as brokers. However, there are no magic capital acquisition solutions. Institutions with good credit will continue to find a number of doors open to them; poorer credit risks will have fewer options, and those available will carry greater risk, allow for less provider control over projects, and limit potential return on investment to some extent. It is essential to examine carefully the drawbacks inherent in each type of alternative financing source. Venture capital in particular requires specific analysis because of the wide variety of possible arrangements that exist. If you cannot find either traditional or alternative sources of funding for a proposed project, you should reexamine the project and its underlying utilization projections and reimbursement assumptions.

  19. Public Internal Performance Contracting - Managing and financing energy-efficiency measures in public administrations

    Energy Technology Data Exchange (ETDEWEB)

    Irrek, Wolfgang; Thomas, Stefan [Wuppertal Inst. for Climate, Environment, Energy (Germany); Attali, Sophie [International Consulting on Energy, L' Ile Saint-Denis (France); Benke, Georg [The Austrian Energy Agency, Vienna (Austria); Borg, Nils [Borg, Co AB, Stockholm (Sweden); Figorski, Arkadiusz; Filipowicz, Mariusz [Akademia Gorniczo-Hutnicza, Cracow (Poland); Labanca, Nicola; Pindar, Andrew [Politecnico di Milano (Italy); Ochoa, Amalia [ICLEI Europe, Freiburg (Germany)

    2005-07-01

    Public Internal Performance Contracting (PICO) is a type of in-house 'third-party' financing or energy performance contracting scheme. In theory, once triggered, PICO provides a 'perpetual motion' finance mechanism for public authorities by which energy efficiency savings fund new investments in an upward virtuous cycle. One unit of the public authority, e.g. the technical department, delivers the financial and technical energy efficiency service to another unit of the same public administration. Remuneration takes place through cross payments between these units, according savings made in energy costs. The initial investments require 'seed funds' to kick start the process, after which the cross payments provide sufficient means to fund further measures. How can the PICO mechanism be initiated in times of tight public budgets? What difficulties are faced during the implementation process and how can these be overcome? What kind of energy-efficiency measures is PICO best suited to? And what role can national and European policy play to facilitate implementation? These are the key questions that the EU-funded PICOLight project aimed to tackle. This was done through testing and disseminating the PICO schemes, first used in Germany, in six European countries, developing these further and making the necessary adaptations. PICO schemes were piloted in seven public administrations with the technical focus on energy-efficient lighting retrofits. The experiences gathered in these pilot projects should help to introduce PICO schemes on a larger scale in public administrations in Europe. The paper presents the preliminary results from these pilot projects.

  20. The IAHR project CCHE-Climate Change impact on the Hydrological cycle, water management and Engineering: an overview and preliminary results

    Science.gov (United States)

    Ranzi, Roberto; Kojiri, T.; Mynett, A.; Barontini, S.; van de Giesen, N.; Kolokytha, E.; Ngo, L. A.; Oreamuno, R.; Renard, B.; Sighomnou, D.; Vizina, A.

    2010-05-01

    IAHR, the International Association for Hydro-Environment Engineering and Research launched a research Project called Climate Change impact on the Hydrological cycle, water management and Engineering (IAHR CCHE Project). It was motivated by the fact that, although it is now well accepted that, in the light of the recent IPCC reports the vast majority of members of the scientific community are convinced that the climate is changing or at least will experience a significant fluctuation already during the current century, it is perceived that some hydrologists, water experts and hydraulic engineers are not yet ready to incorporate climate change scenarios in their designs for such projects as: - flood protection and river training, - dam rehabilitation, - water resources management under water scarcity and changes in the hydrological regimes. The objective of the project is to encourage a close co-operation between the scientific and engineering communities in taking appropriate and timely action in response to the impact of climate change on the hydrological regime and on water resource projects. The project aims at reporting on (a) the current state of knowledge as regards the impact of projected climate change on the hydrological regime in different regions of the world, where these regions are defined not just in geographic terms but also on the basis of their level of economic and water resources development; (b) the extent to which these impacts are recognized and taken into account by national water authorities, engineering organizations and other regulating bodies in setting their standard practices and procedures for the planning, design and operation of water works. These adaptation measures will include both "hard" responses, such as the construction or enlargement of engineering structures, and "soft" responses, such as changes in legislation or the operating rules of existing structures. An overview of the project and preliminary results extracted from of