WorldWideScience

Sample records for technology investment strategies

  1. Information Technology Investment Strategy Planning: Balance Scorecard Approach

    Directory of Open Access Journals (Sweden)

    Henny Hendarti

    2011-05-01

    Full Text Available Purpose of this research are to prepare the IT investment strategy using Balanced Scorecard approach in the company where the appropriate planning of this IT investment strategy can maximize the competitive benefit in the company, and it also to recommended a strategy of IT investment that can be implemented and measure the rate of return from the IT investment in the company. Research Method used book studies, field studies, and analysis system. Book studies from the books and journal. Field studies done by observation, interview, and questioner, and analysis system done by analyzed the ongoing system in the company. The result from this analysis is a recommendation in investment IT such as sales module, payment module, and report module. Then for the conclusion, this information technology investment planning can be develop to another investment implementation such authorized website of the company and using PDA (Personal Digital AssistantIndex Terms - Planning, Information Technology, Investment, Balance Scorecard

  2. NASA ESTO Lidar Technologies Investment Strategy: 2016 Decadal Update

    Science.gov (United States)

    Valinia, Azita; Komar, George J.; Tratt, David M.; Lotshaw, William T.; Gaab, Kevin M.

    2017-01-01

    The NASA Earth Science Technology Office (ESTO) recently updated its investment strategy in the area of lidar technologies as it pertains to NASA's Earth Science measurement goals in the next decade. The last ESTO lidar strategy was documented in 2006. The current (2016) report assesses the state-of-the-art in lidar technologies a decade later. Lidar technology maturation in the past decade has been evaluated, and the ESTO investment strategy is updated and laid out in this report according to current NASA Earth science measurement needs and new emerging technologies.

  3. COMPETITIVE INVESTMENT STRATEGIES IN ADOPTION OF NEW TECHNOLOGY WITH A FURTHER NEW TECHNOLOGY ANTICIPATED

    Institute of Scientific and Technical Information of China (English)

    Xianghua LIU; Chulin LI

    2003-01-01

    In dynamic uncertain environments, the investment timing of the firm about adopting the existing new technology is influenced by the rival's actions and technological progress. This paper employs option games approach to present a simplified duopoly continuous time model of technology adoption.In the model, the irreversible investment in adoption of the existing new technology is in strategic competitive circumstances and facing the threat of a further new technology after the competition setting is established. The purpose of the paper is to examine the effect of technological displacement on firms' strategic investment. The results show that rapid displacement of the technology encourages the leader's investment and discourages the follower's investment. Comparing with the optimal timing without the expectation of a further new technology, the firm hastens to invest when no firm has invested; however, once one firm has invested first, the firm will delay its investment. Using mixed strategy analysis, competitive investment strategies with sequential exercise and simultaneous exercise are derived.

  4. COMPETITIVE INVESTMENT STRATEGIES IN NEW TECHNOLOGY ADOPTION WITH A FURTHER NEW TECHNOLOGY ANTICIPATED

    Institute of Scientific and Technical Information of China (English)

    Baojian YIN; Shigeng HU

    2007-01-01

    This paper studies a general dynamic duopoly in which two firms compete in the adoption of current technology with a further new technology anticipated. Three kinds of equilibria may occur in technology adoption, namely the preemptive, sequential, and simultaneous equilibrium, depending on the level of operating costs and the first-move advantage. It shows that the faster technological innovation encourages the leader to invest earlier, while induces the follower to invest later. Furthermore,like the investment costs, with the increase of the operating costs, the follower tends to invest later,while the leader tends to invest earlier. However, the investment thresholds are more sensitive to the change of the operating costs than that of the investment costs.

  5. Science and Technology Investment Strategy for Squadron Level Training

    Science.gov (United States)

    1993-05-01

    34 Maintainers felt that some of the globally imposed training requirements, such as block training, were entirely inappropriate or overtrained . They also...system risk. He must answer the question of 442 whether or not the new technology could cause loss of life, personnel injury , mission failure, or

  6. Optimal Strategies for Low Carbon Supply Chain with Strategic Customer Behavior and Green Technology Investment

    Directory of Open Access Journals (Sweden)

    Wen Jiang

    2016-01-01

    Full Text Available Climate change is mainly caused by excessive emissions of carbon dioxide and other greenhouse gases. In order to reduce carbon emissions, cap and trade policy is implemented by governments in many countries, which has significant impacts on the decisions of companies at all levels of the low carbon supply chain. This paper investigates the decision-making and coordination of a low carbon supply chain consisting of a low carbon manufacturer who produces one product and is allowed to invest in green technology to reduce carbon emissions in production and a retailer who faces stochastic demands formed by homogeneous strategic customers. We investigate the optimal production, pricing, carbon trading, and green technology investment strategies of the low carbon supply chain in centralized (including Rational Expected Equilibrium scenario and quantity commitment scenario and decentralized settings. It is demonstrated that quantity commitment strategy can improve the profit of the low carbon supply chain with strategic customer behavior. We also show that the performance of decentralized supply chain is lower than that of quantity commitment scenario. We prove that the low carbon supply chain cannot be coordinated by revenue sharing contract but by revenue sharing-cost sharing contract.

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

    Science.gov (United States)

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

    1993-01-01

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

  8. Investment Strategy of Emission-Reduction Technology in a Supply Chain

    Directory of Open Access Journals (Sweden)

    Gao Xiang Lou

    2015-08-01

    Full Text Available Greenhouse gas emissions have serious impacts on the natural environment. Therefore, the restrictions imposed on carbon emission force enterprises to take carbon emission into consideration when making production decisions. In this paper, in the context of allowing emission trading and investment of emission reduction technology, models were presented for a two-stage supply chain to analyze the optimal investment and pricing decisions. The results indicate that manufacturer’s endurance capacity of reduction difficulty is higher in the cooperation model than in the Stackelberg game model, and that perfect coordination of supply chains can be realized by a revenue sharing contract. From the perspective of a consumer, low-carbon products mean higher price, so that subsidies or tax exemptions should be provided to keep low prices. Meanwhile, the government can promote investment in emission-reduction technologies and achieve its emission reduction targets by controlling emission trading price, strengthening emission reduction publicity and providing technology investment subsidies.

  9. Inflation Protected Investment Strategies

    Directory of Open Access Journals (Sweden)

    Mirco Mahlstedt

    2016-03-01

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

  10. Investigating the Total Cost of Technology in Schools: Tools and Strategies for Managing Technology Investments. Best Practices for Alberta School Jurisdictions.

    Science.gov (United States)

    Redhead, Pat

    This document describes total cost of ownership (TCO) as a useful tool in the effective planning of technology use in schools. TCO is an analysis of all the costs of computer technology in a school in comparison with the value derived from the current investment. It also includes an assessment of strategies that can be implemented to reduce costs.…

  11. Innovation investment area: Technology summary

    Energy Technology Data Exchange (ETDEWEB)

    1994-03-01

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

  12. Investment in Green Technologies

    Science.gov (United States)

    Das Gupta, Supratim

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

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

    Directory of Open Access Journals (Sweden)

    Zhabynets Olga Yo.

    2014-02-01

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

  14. A framework for social investment strategies

    DEFF Research Database (Denmark)

    Kvist, Jon

    2015-01-01

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

  15. Optimal investment in learning-curve technologies

    NARCIS (Netherlands)

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

    2012-01-01

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

  16. The return on investment for information technology.

    Science.gov (United States)

    Bergeron, B P; Bergeron, R A

    1998-01-01

    Investment in information technology accounts for an increasingly large component of the cost of modern health care. In most businesses, a quantitative return on investment analysis forms the basis for decisions regarding technology investment. As a whole, the medical community lags behind in the quantitative analysis of the benefits of information technology. However, economic pressures are forcing health care organizations to step back and understand the implications of technology investments and how they can best be applied to create a more productive staff and, in the end, better patient care.

  17. Optimal Deterministic Investment Strategies for Insurers

    Directory of Open Access Journals (Sweden)

    Ulrich Rieder

    2013-11-01

    Full Text Available We consider an insurance company whose risk reserve is given by a Brownian motion with drift and which is able to invest the money into a Black–Scholes financial market. As optimization criteria, we treat mean-variance problems, problems with other risk measures, exponential utility and the probability of ruin. Following recent research, we assume that investment strategies have to be deterministic. This leads to deterministic control problems, which are quite easy to solve. Moreover, it turns out that there are some interesting links between the optimal investment strategies of these problems. Finally, we also show that this approach works in the Lévy process framework.

  18. Investments in technology subject to uncertainty. Analysis and policy

    DEFF Research Database (Denmark)

    Pedersen, Jørgen Lindgaard

    1997-01-01

    Investments in technology are today of such a magnitude that it matters. In the paper there are three important questions. First on the question in which sense technological uncertainty can be said to be a problem. Second on strategies for diminishing technological uncertainties. Three on policy...

  19. Investments in technology subject to uncertainty. Analysis and policy

    DEFF Research Database (Denmark)

    Pedersen, Jørgen Lindgaard

    1997-01-01

    Investments in technology are today of such a magnitude that it matters. In the paper there are three important questions. First on the question in which sense technological uncertainty can be said to be a problem. Second on strategies for diminishing technological uncertainties. Three on policy...

  20. Precommitted Investment Strategy versus Time-Consistent Investment Strategy for a Dual Risk Model

    Directory of Open Access Journals (Sweden)

    Lidong Zhang

    2014-01-01

    Full Text Available We are concerned with optimal investment strategy for a dual risk model. We assume that the company can invest into a risk-free asset and a risky asset. Short-selling and borrowing money are allowed. Due to lack of iterated-expectation property, the Bellman Optimization Principle does not hold. Thus we investigate the precommitted strategy and time-consistent strategy, respectively. We take three steps to derive the precommitted investment strategy. Furthermore, the time-consistent investment strategy is also obtained by solving the extended Hamilton-Jacobi-Bellman equations. We compare the precommitted strategy with time-consistent strategy and find that these different strategies have different advantages: the former can make value function maximized at the original time t=0 and the latter strategy is time-consistent for the whole time horizon. Finally, numerical analysis is presented for our results.

  1. Transnational Corporations Adjust Investment Strategy in China

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    @@ After becoming one of the main countries absorbing foreign direct-investment, China is no longer a sole manufacturing base in transnational corporations' eyes, but a big market which they must pay high attention on and use. Transnational corporations have adjusted their investment strategy in china accordingly. Professor Xi Guoming, Director of Nankai University Transnational Research Center, issued his many years' following research result in a international forum during this period.

  2. Transnational Corporations Adjust Investment Strategy in China

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

      After becoming one of the main countries absorbing foreign direct-investment, China is no longer a sole manufacturing base in transnational corporations' eyes, but a big market which they must pay high attention on and use. Transnational corporations have adjusted their investment strategy in china accordingly. Professor Xi Guoming, Director of Nankai University Transnational Research Center, issued his many years' following research result in a international forum during this period.……

  3. Optimal Investment Strategy to Minimize Occupation Time

    CERN Document Server

    Bayraktar, Erhan

    2008-01-01

    We find the optimal investment strategy to minimize the expected time that an individual's wealth stays below zero, the so-called {\\it occupation time}. The individual consumes at a constant rate and invests in a Black-Scholes financial market consisting of one riskless and one risky asset, with the risky asset's price process following a geometric Brownian motion. We also consider an extension of this problem by penalizing the occupation time for the degree to which wealth is negative.

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

    Institute of Scientific and Technical Information of China (English)

    XUN Minghui

    2007-01-01

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

  5. Information Technology Investments in Research Libraries.

    Science.gov (United States)

    Rosenblatt, Susan

    1999-01-01

    Examines investments that will ensure that library information technology (IT) meets future academic needs. Looks back on the introduction of IT to research libraries. Assesses outcomes of IT investments in terms of cost and service benefits, and then focuses on developing new service models. (AEF)

  6. Optimal Investment Strategy for Risky Assets

    OpenAIRE

    Sergei Maslov; Yi-Cheng Zhang

    1998-01-01

    We design an optimal strategy for investment in a portfolio of assets subject to a multiplicative Brownian motion. The strategy provides the maximal typical long-term growth rate of investor's capital. We determine the optimal fraction of capital that an investor should keep in risky assets as well as weights of different assets in an optimal portfolio. In this approach both average return and volatility of an asset are relevant indicators determining its optimal weight. Our results are parti...

  7. A Diversified Investment Strategy Using Autonomous Agents

    Science.gov (United States)

    Barbosa, Rui Pedro; Belo, Orlando

    In a previously published article, we presented an architecture for implementing agents with the ability to trade autonomously in the Forex market. At the core of this architecture is an ensemble of classification and regression models that is used to predict the direction of the price of a currency pair. In this paper, we will describe a diversified investment strategy consisting of five agents which were implemented using that architecture. By simulating trades with 18 months of out-of-sample data, we will demonstrate that data mining models can produce profitable predictions, and that the trading risk can be diminished through investment diversification.

  8. Optimum investment strategy in the power industry mathematical models

    CERN Document Server

    Bartnik, Ryszard; Hnydiuk-Stefan, Anna

    2016-01-01

    This book presents an innovative methodology for identifying optimum investment strategies in the power industry. To do so, it examines results including, among others, the impact of oxy-fuel technology on CO2 emissions prices, and the specific cost of electricity production. The technical and economic analysis presented here extend the available knowledge in the field of investment optimization in energy engineering, while also enabling investors to make decisions involving its application. Individual chapters explore the potential impacts of different factors like environmental charges on costs connected with investments in the power sector, as well as discussing the available technologies for heat and power generation. The book offers a valuable resource for researchers, market analysts, decision makers, power engineers and students alike.

  9. Investments in energy technological change under uncertainty

    Science.gov (United States)

    Shittu, Ekundayo

    2009-12-01

    This dissertation addresses the crucial problem of how environmental policy uncertainty influences investments in energy technological change. The rising level of carbon emissions due to increasing global energy consumption calls for policy shift. In order to stem the negative consequences on the climate, policymakers are concerned with carving an optimal regulation that will encourage technology investments. However, decision makers are facing uncertainties surrounding future environmental policy. The first part considers the treatment of technological change in theoretical models. This part has two purposes: (1) to show--through illustrative examples--that technological change can lead to quite different, and surprising, impacts on the marginal costs of pollution abatement. We demonstrate an intriguing and uncommon result that technological change can increase the marginal costs of pollution abatement over some range of abatement; (2) to show the impact, on policy, of this uncommon observation. We find that under the assumption of technical change that can increase the marginal cost of pollution abatement over some range, the ranking of policy instruments is affected. The second part builds on the first by considering the impact of uncertainty in the carbon tax on investments in a portfolio of technologies. We determine the response of energy R&D investments as the carbon tax increases both in terms of overall and technology-specific investments. We determine the impact of risk in the carbon tax on the portfolio. We find that the response of the optimal investment in a portfolio of technologies to an increasing carbon tax depends on the relative costs of the programs and the elasticity of substitution between fossil and non-fossil energy inputs. In the third part, we zoom-in on the portfolio model above to consider how uncertainty in the magnitude and timing of a carbon tax influences investments. Under a two-stage continuous-time optimal control model, we

  10. FUNDS INVESTMENT STRATEGIES ON CAPITAL MARKETS FROM EASTERN EUROPE

    Directory of Open Access Journals (Sweden)

    REGEP HORAŢIU DAN

    2015-04-01

    Full Text Available The purpose of this paper is the understanding of how to establish investment strategies of investment funds depending on the area, sector of investment, and time horizon, and the management involvement in investment decisions making. There have been considered funds from Trustnet, investing in Eastern Europe. For each investment fund, the sector and also a set of indicators to measure performance and risks have been analyzed: dynamics, beta, alpha, Sharpe ratio, info ratio and R-Squared.

  11. Investing in Information Technology Pays Big Dividends.

    Science.gov (United States)

    Laurillard, Diana

    1999-01-01

    A college or university's investment in information technology (IT) makes possible more effective teaching methods using both traditional and IT-based techniques, as well as making both student learning and faculty use of time more productive. A possible plan for making the transition from traditional to mixed teaching methods is presented. (MSE)

  12. Marshall Space Flight Center Technology Investments Overview

    Science.gov (United States)

    Tinker, Mike

    2014-01-01

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

  13. 32 CFR 21.680 - Technology investment agreements.

    Science.gov (United States)

    2010-07-01

    ... 32 National Defense 1 2010-07-01 2010-07-01 false Technology investment agreements. 21.680 Section... AGREEMENT REGULATIONS DoD GRANTS AND AGREEMENTS-GENERAL MATTERS Definitions § 21.680 Technology investment... of the nation's technology and industrial base. Technology investment agreements include one kind...

  14. The Brazilian investment in science and technology

    Directory of Open Access Journals (Sweden)

    Pinheiro-Machado R.

    2001-01-01

    Full Text Available An analysis of Brazilian federal expenditures in science and technology is presented is this study. The 1990-1999 data were compiled from records provided by two federal agencies (MCT and CNPq responsible for managing most of the national budget related to these activities. The results indicate that the federal investments in Brazilian science and technology stagnated during the last decade (US$ 2.32 billion in 1990, US$ 2.39 billion in 1996, and US$ 2.36 billion in 1999. In contrast, a great increase in private investments in research was acknowledged both by industry and by the government during the same period, from US$ 2.12 to US$ 4.64 billion. However, this investment did not result in an increase in invention patents granted to residents (492 in 1990 and only 232 in 1997 or in a reduction of patent costs. Despite this unfavorable scenario, the number of graduate programs in the country has increased two-fold in the last decade and the contribution of Brazilians to the database of the Institute for Scientific Information has increased 4.7-fold from 1990 (2,725 scientific publications to 2000 (12,686 scientific publications. Unstable federal resources for science, together with the poor returns of private resources in terms of developing new technologies, may jeopardize the future of Brazilian technological development.

  15. NASA's Spaceliner Investment Area Technology Activities

    Science.gov (United States)

    Hueter, Uwe; Lyles, Garry M. (Technical Monitor)

    2001-01-01

    NASA's has established long term goals for access-to-space. The third generation launch systems are to be fully reusable and operational around 2025. The goals for the third generation launch system are to significantly reduce cost and improve safety over current conditions. The Advanced Space Transportation Program Office (ASTP) at the NASA's Marshall Space Flight Center in Huntsville, AL has the agency lead to develop space transportation technologies. Within ASTP, under the Spaceliner Investment Area, third generation technologies are being pursued in the areas of propulsion, airframes, integrated vehicle health management (IVHM), avionics, power, operations, and range. The ASTP program will mature these technologies through both ground and flight system testing. The Spaceliner Investment Area plans to mature vehicle technologies to reduce the implementation risks for future commercially developed reusable launch vehicles (RLV). The plan is to substantially increase the design and operating margins of the third generation RLV (the Space Shuttle is the first generation) by incorporating advanced technologies in propulsion, materials, structures, thermal protection systems, avionics, and power. Advancements in design tools and better characterization of the operational environment will allow improvements in design margins. Improvements in operational efficiencies will be provided through use of advanced integrated health management, operations, and range technologies. The increase in margins will allow components to operate well below their design points resulting in improved component operating life, reliability, and safety which in turn reduces both maintenance and refurbishment costs. These technologies have the potential of enabling horizontal takeoff by reducing the takeoff weight and achieving the goal of airline-like operation. These factors in conjunction with increased flight rates from an expanding market will result in significant improvements in safety

  16. Why Invest in Economic & Technological Development Zones?

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    In order to attract foreign direct investment, China has established 52 Statelevel Economic & technological Investment Zones (ETDZs). ETDZs lay emphasis on capital-intensive, technology-intensive, hi-tech and production export enterprises. The investment scale of every project in the zones is twice that of the rest of the country. A large number of investment projects are large projects with investment capital over US$IO million,

  17. 10 CFR 603.1340 - Technology investment agreement.

    Science.gov (United States)

    2010-01-01

    ... 10 Energy 4 2010-01-01 2010-01-01 false Technology investment agreement. 603.1340 Section 603.1340 Energy DEPARTMENT OF ENERGY (CONTINUED) ASSISTANCE REGULATIONS TECHNOLOGY INVESTMENT AGREEMENTS Definitions of Terms Used in this Part § 603.1340 Technology investment agreement. A TIA is a special type...

  18. 32 CFR 37.1375 - Technology investment agreements.

    Science.gov (United States)

    2010-07-01

    ... 32 National Defense 1 2010-07-01 2010-07-01 false Technology investment agreements. 37.1375... AGREEMENT REGULATIONS TECHNOLOGY INVESTMENT AGREEMENTS Definitions of Terms Used in This Part § 37.1375 Technology investment agreements. A special class of assistance instruments used to increase involvement...

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

    Science.gov (United States)

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

  20. Quantitative investment strategies and portfolio management

    NARCIS (Netherlands)

    Guo, J.

    2012-01-01

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

  1. Quantitative investment strategies and portfolio management

    NARCIS (Netherlands)

    Guo, J.

    2012-01-01

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

  2. NASA's Spaceliner 100 Investment Area Technology Activities

    Science.gov (United States)

    Hueter, Uwe; Lyles, Garry M. (Technical Monitor)

    2001-01-01

    NASA's has established long term goals for access-to-space. The third generation launch systems are to be fully reusable and operational around 2025. The goals for the third generation launch system are to reduce cost by a factor of 100 and improve safety by a factor of 10,000 over current conditions. The Advanced Space Transportation Program Office (ASTP) at the NASA's Marshall Space Flight Center in Huntsville, AL has the agency lead to develop space transportation technologies. Within ASTP, under the Spaceliner100 Investment Area, third generation technologies are being pursued in the areas of propulsion, airframes, integrated vehicle health management (IVHM), launch systems, and operations and range. The ASTP program will mature these technologies through ground system testing. Flight testing where required, will be advocated on a case by case basis.

  3. The investment strategy of commercial banks on the financial markets

    Directory of Open Access Journals (Sweden)

    Ercegovac Dajana

    2012-01-01

    Full Text Available In contemporary market conditions classical deposit-loan strategy is not enough anymore in order to ensure survival of the commercial banks on the financial market and to reach profit that is high enough. Besides the loan placements strategy, it is necessary to adopt an adequate investment strategy which will contribute to the profitability, liquidity and safety of gross asset portfolio. Commercial banks, unlike investment banks, invest smaller part of their resources into securities of diverse maturity on financial markets. However, with the harsh competition of banks and other non-banking institutions, significance of investment portfolio grows as an alternative that ensures additional sources of revenue, assures liquidity, diversification of placements and decreases risk exposure. Banks have at their disposal vast range of investment strategies that can be combined depending on their investment objectives and risk aversion, such as passive and active strategy, strategy of ladder, weights strategy etc. Therefore, the aim of this paper is to present the significance of investment portfolio in commercial banks and the basic management strategies of investment portfolio that can be used by commercial banks.

  4. Carbon capture and storage-Investment strategies for the future?

    Energy Technology Data Exchange (ETDEWEB)

    Rammerstorfer, Margarethe, E-mail: margarethe.rammerstorfer@wu-wien.ac.at [Institute for Corporate Finance, Vienna University of Economics and Business, Administration, Heiligenstaedter Strasse 46-48, A - 1190 Vienna (Austria); ENRAG GmbH - Energy Research and Advisory Group, Getreidemarkt 9, A - 1060 Vienna (Austria); Eisl, Roland [ENRAG GmbH - Energy Research and Advisory Group, Getreidemarkt 9, A - 1060 Vienna (Austria)

    2011-11-15

    The following article deals with real options modeling for investing into carbon capture and storage technologies. Herein, we derive two separate models. The first model incorporates a constant convenience yield and dividend for the investment project. In the second model, the convenience yield is allowed to follow a mean reverting process which seems to be more realistic, but also increases the model's complexity. Both frameworks are to be solved numerically. Therefore, we calibrate our model with respect to empirical data and provide insights into the models' sensitivity toward the chosen parameter values. We found that given the recently observable prices for carbon dioxide, an investment into C O2-storage facilities is not profitable. - Highlights: > Real options modeling for investing into carbon capture and storage technologies. > Given the recently observable prices for carbon dioxide, an investment into CO{sub 2}-storage facilities is not profitable. > Investment decision is mainly affected by risk free rate and volatility.

  5. Technology transfers, foreign investment and productivity spillovers

    DEFF Research Database (Denmark)

    Newman, Carol; Rand, John; Talbot, Theodore Purdendu

    2015-01-01

    This paper explores the relationship between foreign direct investment (FDI) and the productivity of host country domestic firms. We rely on a specially designed survey of over 4000 manufacturing firms in Vietnam, and separate out productivity gains along the supply chain (obtained through direct...... transfers of knowledge/technology between linked firms) from productivity effects through indirect FDI spillovers. In addition to identifying indirect vertical productivity spillovers from FDI, our results show that there are productivity gains associated with direct linkages between foreign......-owned and domestic firms along the supply chain not captured by commonly used measures of spillovers. This includes evidence of productivity gains through forward linkages for domestic firms which receive inputs from foreign-owned firms....

  6. Trade, Foreign Direct Investment, and International Technology Transfer: A Survey

    National Research Council Canada - National Science Library

    Kamal Saggi

    2002-01-01

    ...? Using these questions as motivation, this article surveys the recent trade literature on international technology transfer, paying particular attention to the role of foreign direct investment...

  7. Output-based allocation and investment in clean technologies

    Energy Technology Data Exchange (ETDEWEB)

    Rosendahl, Knut Einar; Storroesten, Halvor Briseid

    2011-07-01

    Allocation of emission allowances may affect firms' incentives to invest in clean technologies. In this paper we show that so-called output-based allocation tends to stimulate such investments as long as individual firms do not assume the regulator to tighten the allocation rule as a consequence of their investments. The explanation is that output-based allocation creates an implicit subsidy to the firms' output, which increases production, leads to a higher price of allowances, and thus increases the incentives to invest in clean technologies. On the other hand, if the firms expect the regulator to tighten the allocation rule after observing their clean technology investment, the firms' incentives to invest are moderated. If strong, this last effect may outweigh the enhanced investment incentives induced by increased output and higher allowance price. (Author)

  8. Resources, Technology, and Strategy

    DEFF Research Database (Denmark)

    Resources, Technology and Strategy brings together contributors from Europe, North America and Asia to consider the strategic relationship between technology and other resources, such as production capabilities, marketing prowess, finance and organisational culture. Throughout the book...

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

    Directory of Open Access Journals (Sweden)

    I. V. Cheryomushkina

    2015-01-01

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

  10. Long-Run Savings and Investment Strategy Optimization

    Directory of Open Access Journals (Sweden)

    Russell Gerrard

    2014-01-01

    Full Text Available We focus on automatic strategies to optimize life cycle savings and investment. Classical optimal savings theory establishes that, given the level of risk aversion, a saver would keep the same relative amount invested in risky assets at any given time. We show that, when optimizing lifecycle investment, performance and risk assessment have to take into account the investor’s risk aversion and the maximum amount the investor could lose, simultaneously. When risk aversion and maximum possible loss are considered jointly, an optimal savings strategy is obtained, which follows from constant rather than relative absolute risk aversion. This result is fundamental to prove that if risk aversion and the maximum possible loss are both high, then holding a constant amount invested in the risky asset is optimal for a standard lifetime saving/pension process and outperforms some other simple strategies. Performance comparisons are based on downside risk-adjusted equivalence that is used in our illustration.

  11. Corporate Strategies in Global Investment Business

    Directory of Open Access Journals (Sweden)

    Tetiana Frolova

    2012-02-01

    Full Text Available The article deals with topical issues of the development of corporate strategies for businesses. We proposed the classification and defined the ways to implement corporate strategies. We also analysed the current trends in the development of global corporate strategies mainly implemented through mergers and acquisitions.

  12. ESSENCE AND ROLE OF THE INVESTMENT STRATEGY WITH REGARD TO REALIZATION OF ENTERPRISE’S INVESTMENT ACTIVITY

    OpenAIRE

    Angela SESTACOVSCAIA

    2013-01-01

    The article presented is dedicated to the problem of investment strategy within the framework of an economic entity. Numerous specialized references have been examined in this regard. Different visions of investment strategy concept within the framework of an enterprise and their importance in the course of enterprise’s long-term development have been analyzed. As a result of this study, factors of influence on investment strategy elaboration have been systemized; principles of investment str...

  13. Financial options methodology for analyzing investments in new technology

    Science.gov (United States)

    Wenning, B. D.

    1995-01-01

    The evaluation of investments in longer term research and development in emerging technologies, because of the nature of such subjects, must address inherent uncertainties. Most notably, future cash flow forecasts include substantial uncertainties. Conventional present value methodology, when applied to emerging technologies severely penalizes cash flow forecasts, and strategic investment opportunities are at risk of being neglected. Use of options evaluation methodology adapted from the financial arena has been introduced as having applicability in such technology evaluations. Indeed, characteristics of superconducting magnetic energy storage technology suggest that it is a candidate for the use of options methodology when investment decisions are being contemplated.

  14. Financial options methodology for analyzing investments in new technology

    Energy Technology Data Exchange (ETDEWEB)

    Wenning, B.D. [Texas Utilities Services, Inc., Dallas, TX (United States)

    1994-12-31

    The evaluation of investments in longer term research and development in emerging technologies, because of the nature of such subjects, must address inherent uncertainties. Most notably, future cash flow forecasts include substantial uncertainties. Conventional present value methodology, when applied to emerging technologies severely penalizes cash flow forecasts, and strategic investment opportunities are at risk of being neglected. Use of options valuation methodology adapted from the financial arena has been introduced as having applicability in such technology evaluations. Indeed, characteristics of superconducting magnetic energy storage technology suggest that it is a candidate for the use of options methodology when investment decisions are being contemplated.

  15. The Heterogeneous Investment Horizon and Dynamic Strategies for Asset Allocation

    Science.gov (United States)

    Xiong, Heping; Xu, Yiheng; Xiao, Yi

    This paper discusses the influence of the portfolio rebalancing strategy on the efficiency of long-term investment portfolios under the assumption of independent stationary distribution of returns. By comparing the efficient sets of the stochastic rebalancing strategy, the simple rebalancing strategy and the buy-and-hold strategy with specific data examples, we find that the stochastic rebalancing strategy is optimal, while the simple rebalancing strategy is of the lowest efficiency. In addition, the simple rebalancing strategy lowers the efficiency of the portfolio instead of improving it.

  16. Financing investment in environmentally sound technologies: Foreign direct investment versus foreign debt finance

    Energy Technology Data Exchange (ETDEWEB)

    Anyangah, Joshua Okeyo [Department of Economics, University of Lethbridge, 4401 University Drive, Lethbridge Alberta (Canada)

    2010-08-15

    This paper develops a screening model to examine the relationship between alternative sources of private capital and investment in environmentally sound technologies (ESTs). In the model, a polluter (agent) must secure investment funds from the international financial markets in order to upgrade its production and abatement technology. The requisite capital can be obtained via either market loans (debt finance) or foreign direct investment (FDI). Under debt finance, the foreign financier supplies only capital and the relationship between the two parties is more 'arms-length'. By contrast, under FDI, the investor delivers both capital and managerial skills. We use the model to derive the implications of debt finance for optimal investment decisions and compare them to those obtained under FDI. Investment incentives are more pronounced under debt finance. (author)

  17. Empirical analysis of investment strategies for institutional investors

    NARCIS (Netherlands)

    Swinkels, L.A.P.

    2003-01-01

    This thesis consists of three parts that examine several topics concerning institutional asset management. In Part I, investment strategies based on stock returns in previous months known as momentum strategies are investigated in more detail. More specifically, the driving forces behind these strat

  18. Empirical analysis of investment strategies for institutional investors

    NARCIS (Netherlands)

    Swinkels, L.A.P.

    2003-01-01

    This thesis consists of three parts that examine several topics concerning institutional asset management. In Part I, investment strategies based on stock returns in previous months known as momentum strategies are investigated in more detail. More specifically, the driving forces behind these

  19. Exploring the evolution of investment pattern on advanced manufacturing technology

    DEFF Research Database (Denmark)

    Yang, Cheng; Matthiesen, Rikke Vestergaard; Johansen, John

    2014-01-01

    This paper explores the evolution of investment pattern on advanced manufacturing technology in a manner that builds on a longitudinal perspective. Based on the data of investments in AMTs from 567 manufacturing companies this paper develops a longitudinal taxonomy defined by the evolution...

  20. The Long Conversation Maximizing Business Value from Information Technology Investment

    CERN Document Server

    Lorenzo, Oswaldo; González, Gastón; Ramdani, Boumediene

    2011-01-01

    For many years companies have been investing in enterprise systems and IT initiatives but they are now struggling to achieve the desired results. It takes a long time to make the best of your enterprise systems so businesses must stop looking for the next technology 'silver bullet' and instead maximize the value of existing IT investments.

  1. The Structure of Adjustment Costs in Information Technology Investment

    OpenAIRE

    Hyunbae Chun; Sung-Bae Mun

    2005-01-01

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

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

    Science.gov (United States)

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

  3. Investment appraisal of technology innovations on dairy farm electricity consumption.

    Science.gov (United States)

    Upton, J; Murphy, M; De Boer, I J M; Groot Koerkamp, P W G; Berentsen, P B M; Shalloo, L

    2015-02-01

    The aim of this study was to conduct an investment appraisal for milk-cooling, water-heating, and milk-harvesting technologies on a range of farm sizes in 2 different electricity-pricing environments. This was achieved by using a model for electricity consumption on dairy farms. The model simulated the effect of 6 technology investment scenarios on the electricity consumption and electricity costs of the 3 largest electricity-consuming systems within the dairy farm (i.e., milk-cooling, water-heating, and milking machine systems). The technology investment scenarios were direct expansion milk-cooling, ice bank milk-cooling, milk precooling, solar water-heating, and variable speed drive vacuum pump-milking systems. A dairy farm profitability calculator was combined with the electricity consumption model to assess the effect of each investment scenario on the total discounted net income over a 10-yr period subsequent to the investment taking place. Included in the calculation were the initial investments, which were depreciated to zero over the 10-yr period. The return on additional investment for 5 investment scenarios compared with a base scenario was computed as the investment appraisal metric. The results of this study showed that the highest return on investment figures were realized by using a direct expansion milk-cooling system with precooling of milk to 15°C with water before milk entry to the storage tank, heating water with an electrical water-heating system, and using standard vacuum pump control on the milking system. Return on investment figures did not exceed the suggested hurdle rate of 10% for any of the ice bank scenarios, making the ice bank system reliant on a grant aid framework to reduce the initial capital investment and improve the return on investment. The solar water-heating and variable speed drive vacuum pump scenarios failed to produce positive return on investment figures on any of the 3 farm sizes considered on either the day and night

  4. 预期更新技术出现时新技术采用中经营成本对投资策略的影响%IMPACT OF OPERATING COSTS ON INVESTMENT STRATEGIES IN NEW TECHNOLOGY ADOPTION WITH A FURTHER NEW TECHNOLOGY ANTICIPATED

    Institute of Scientific and Technical Information of China (English)

    殷宝健; 胡适耕; 雷冬霞

    2006-01-01

    The adoption of new technologies often represents acrucial component of firms' investment decisions.This paper studies a dynamic duopoly model in which two firms compete in adoption of current technology with afurther new technology anticipated.Here it is assumed that the operating costs are not zero which has more explanatory power of the real world.There exist three kinds of equilibria that may occur in adoption of current technology,which mainly depends on the level of operating costs and the first-move advantage.It shows that the faster technological substitution or innovation encourages the leader to invest earlier while induces the follower to invest later.Furthermore,like the investment costs,with the increase of operating costs the follower tends to invest later while the leader tends to invest earlier,the investment thresholds are more sensitive to the change of operating costs than that of investment costs.

  5. Output Dynamics, Technology, and Public Investment

    NARCIS (Netherlands)

    Duarte Bom, P.R.; Heijdra, B.J.; Ligthart, J.E.

    2010-01-01

    The paper studies the dynamic output effects of public infrastructure investment in a small open economy. We develop an overlapping generations model that includes a production externality of public capital and a wealth effect on labor supply. Public capital enters the firm's production function und

  6. ALTERNATIVE DIRECTIONS OF CHOOSING THE INVESTMENT STRATEGIES

    Directory of Open Access Journals (Sweden)

    Vaduva Cecilia

    2011-06-01

    Full Text Available Strategic choosing refers to making decisions (selecting the strategic option related to the future of the enterprise and the ways it respond to the action of certain pressure and influence factors identified by analysis and strategic diagnosis. The clear definition of the enterprise objectives is very important from the viewpoint of the business types where it is involved and of the connections existent between them (by means of the SBU mix. But, the successful development of the strategies should consider the fact that they cannot be built only on the existent financial resources, but also on the development of these resources.

  7. Choosing a Strategy for Return-on-Investment Justification.

    Science.gov (United States)

    Foshay, Wellesley R.

    1998-01-01

    Examines the concept of human capital, including how it is linked to strategic analysis and how it relates to four alternative models for return-on-investment (ROI). Discusses how to choose the best model for ROI justification of training or other human performance technology (HPT) interventions. (AEF)

  8. Technology Planning Strategies

    Science.gov (United States)

    Decker, Kathy

    2004-01-01

    Effective planning strategies drive achievement of an overall technology goal to increase access to electronic information in real time in order to increase efficiency, productivity, and communication across campus. Planning relies on providing access, 'Anytime Anywhere' to student information, calendar, email, course management tools, and the…

  9. Strategic Technology Investment Analysis: An Integrated System Approach

    Science.gov (United States)

    Adumitroaie, V.; Weisbin, C. R.

    2010-01-01

    Complex technology investment decisions within NASA are increasingly difficult to make such that the end results are satisfying the technical objectives and all the organizational constraints. Due to a restricted science budget environment and numerous required technology developments, the investment decisions need to take into account not only the functional impact on the program goals, but also development uncertainties and cost variations along with maintaining a healthy workforce. This paper describes an approach for optimizing and qualifying technology investment portfolios from the perspective of an integrated system model. The methodology encompasses multi-attribute decision theory elements and sensitivity analysis. The evaluation of the degree of robustness of the recommended portfolio provides the decision-maker with an array of viable selection alternatives, which take into account input uncertainties and possibly satisfy nontechnical constraints. The methodology is presented in the context of assessing capability development portfolios for NASA technology programs.

  10. Investment and emission control under technology and pollution externalities

    Energy Technology Data Exchange (ETDEWEB)

    Heal, Geoffrey [Graduate School of Business, Columbia University, 616 Uris Hall, New York, NY 10027 (United States); Tarui, Nori [Department of Economics, University of Hawaii at Manoa, 2424 Maile Way, Honolulu, HI 96822 (United States)

    2010-01-15

    This paper studies incentives to develop advanced pollution abatement technology when technology may spillover across agents and pollution abatement is a public good. We are motivated by a variety of pollution control issues where solutions require the development and implementation of new pollution abatement technologies. We show that at the Nash equilibrium of a simultaneous-move game with R and D investment and emission abatement, whether the free rider effect prevails and under-investment and excess emissions occur depends on the degree of technology spillovers and the effect of R and D on the marginal abatement costs. There are cases in which, contrary to conventional wisdom, Nash equilibrium investments in emissions reductions exceed the first-best case. (author)

  11. Strategic Technology Investment Analysis: An Integrated System Approach

    Science.gov (United States)

    Adumitroaie, V.; Weisbin, C. R.

    2010-01-01

    Complex technology investment decisions within NASA are increasingly difficult to make such that the end results are satisfying the technical objectives and all the organizational constraints. Due to a restricted science budget environment and numerous required technology developments, the investment decisions need to take into account not only the functional impact on the program goals, but also development uncertainties and cost variations along with maintaining a healthy workforce. This paper describes an approach for optimizing and qualifying technology investment portfolios from the perspective of an integrated system model. The methodology encompasses multi-attribute decision theory elements and sensitivity analysis. The evaluation of the degree of robustness of the recommended portfolio provides the decision-maker with an array of viable selection alternatives, which take into account input uncertainties and possibly satisfy nontechnical constraints. The methodology is presented in the context of assessing capability development portfolios for NASA technology programs.

  12. Making smart investments in health information technology: core principles.

    Science.gov (United States)

    Halamka, John D

    2009-01-01

    Over the past five years, thousands of public- and private-sector employees, many volunteering their time, have worked to advance the cause of interoperable, certified, secure electronic health records. As new federal funds become available, should we invest right away or wait for technology and policy perfection? Do we leverage the accomplishments of existing national organizations, or do we start from scratch? The time to invest is now, building on the organizations we already have. To ensure wise investment, I suggest guiding principles assembled from the input of hundreds of providers, patients, payers, vendors, government employees, and standards-development organizations.

  13. Investment Preference and Strategies of Foreign Institutional Investors Across Different Industries in Taiwan

    OpenAIRE

    Mei-Ling Chen; Fu-Lai Lin; Mei-Chin Hung; Kai-Li Wang

    2009-01-01

    This paper investigates the investment preference of foreign institutional investors across different industries in Taiwanese stock market. By employing the idea of Fama and French (1992) three-factor model with investment strategy, the investment preference is a function of beta value, company size, book-market ratio and investment strategy. Our empirical results find that foreign institutional investors in all five industries adopt momentum strategies in their investment preference. Next, i...

  14. Evaluating Alternative Strategies for Investments in Freshwater Conservation

    Science.gov (United States)

    Cheruvelil, K. S.; Kramer, D. B.; Zhang, T.; Ligmann-Zielinska, A.; Soranno, P.; Bremigan, M. T.

    2012-12-01

    Efforts towards systematic conservation planning for freshwaters have progressed far less than similar efforts in the terrestrial and marine environments. Although there are differences in the coupled human and natural systems that distinguish freshwater, terrestrial, and marine environments, many of the tools that have been used in terrestrial and marine systems can also be used for conservation planning for freshwater resources. In this paper, we used one such tool, return on investment (ROI), to identify optimal conservation portfolios. Our overarching research question is: how do different strategies for evaluating ROI benefits influence the resulting portfolio and the outcome of interest - in our case, water quality? Specifically, we examined investments to convert farmed agricultural land to fallow land to improve water quality in 55 inland lakes in southwestern Michigan. We simulated investments and compared the ROIs for the following strategies: 1) economic; 2) ecological; 3) environmental policy and 4) agricultural policy. We also tested the well-established assumption that riparian lands, those abutting and within 30 m of freshwater shorelines, have the greatest potential to influence water quality. We found that 1) investments in freshwater resources through the conservation of riparian land are more effective than the conservation of randomly selected parcels of similar land area in the catchment; 2) the costs and benefits of riparian land conservation vary considerably among lakes; 3) the choice of investment strategies results in very different conservation portfolios; 4) the resulting conservation portfolios have very different distributional and policy implications. These analyses and results provide a foundation on which to improve systematic conservation planning for freshwaters.

  15. Managing Investment in Teaching and Learning Technologies

    Science.gov (United States)

    Coen, Michael; Nicol, David

    2007-01-01

    Information and communications technologies are radically changing the way that teaching and learning activities are organised and delivered within higher education (HE) institutions. A wide range of technologies is being deployed in quite complex and interactive ways, including virtual learning environments (VLEs), mobile communication…

  16. Investment Strategy Based on Aviation Accidents: Are there abnormal returns?

    Directory of Open Access Journals (Sweden)

    Marcos Rosa Costa

    2013-06-01

    Full Text Available This article investigates whether an investment strategy based on aviation accidents can generate abnormal returns. We performed an event study considering all the aviation accidents with more than 10 fatalities in the period from 1998 to 2009 and the stock market performance of the respective airlines and aircraft manufacturers in the days after the event. The tests performed were based on the model of Campbell, Lo & MacKinlay (1997 for definition of abnormal returns, by means of linear regression between the firms’ stock returns and the return of a market portfolio used as a benchmark. This enabled projecting the expected future returns of the airlines and aircraft makers, for comparison with the observed returns after each event. The result obtained suggests that an investment strategy based on aviation accidents is feasible because abnormal returns can be obtained in the period immediately following an aviation disaster.

  17. IT Investment Allocation and Organizational Performance: A Study of Information Technology Investment Portfolios in Federal Government Agencies

    Science.gov (United States)

    Whitehead, Ennis Jim C., III

    2011-01-01

    This study examined Federal Government Information Technology (IT) portfolio investments for twenty-seven Federal Government agencies, as provided annually to the Office of Management and Budget (OMB) in their Agency IT Investment Portfolio Reports (Exhibit 53), and divided Federal agency IT investments into four categories: Innovation,…

  18. Seven Benchmarks for Information Technology Investment.

    Science.gov (United States)

    Smallen, David; Leach, Karen

    2002-01-01

    Offers benchmarks to help campuses evaluate their efforts in supplying information technology (IT) services. The first three help understand the IT budget, the next three provide insight into staffing levels and emphases, and the seventh relates to the pervasiveness of institutional infrastructure. (EV)

  19. 7 CFR 1948.82 - Plan and State Investment Strategy approval procedure.

    Science.gov (United States)

    2010-01-01

    ... the State Investment Strategy for Energy Impacted Areas. (c) Appropriate growth management and/or... 7 Agriculture 13 2010-01-01 2009-01-01 true Plan and State Investment Strategy approval procedure... Impacted Area Development Assistance Program § 1948.82 Plan and State Investment Strategy approval...

  20. Investment appraisal of technology innovations on dairy farm electricity consumption

    NARCIS (Netherlands)

    Upton, J.; Murphy, M.; Boer, de I.J.M.; Groot Koerkamp, P.W.G.; Berentsen, P.B.M.; Shalloo, L.

    2015-01-01

    The aim of this study was to conduct an investment appraisal for milk-cooling, water-heating, and milk-harvesting technologies on a range of farm sizes in 2 different electricity-pricing environments. This was achieved by using a model for electricity consumption on dairy farms. The model simulated

  1. Investment appraisal of technology innovations on dairy farm electricity consumption

    NARCIS (Netherlands)

    Upton, J.; Murphy, M.; Boer, de I.J.M.; Groot Koerkamp, P.W.G.; Berentsen, P.B.M.; Shalloo, L.

    2015-01-01

    The aim of this study was to conduct an investment appraisal for milk-cooling, water-heating, and milk-harvesting technologies on a range of farm sizes in 2 different electricity-pricing environments. This was achieved by using a model for electricity consumption on dairy farms. The model simulated

  2. EFFICIENCY OF THE INVESTMENT STRATEGY OF THE INSURANCE COMPANIES IN UKRAINE

    Directory of Open Access Journals (Sweden)

    R. Pikus

    2015-04-01

    Full Text Available The article explores the theoretical basis for the formation of an effective investment strategy of the insurance company. It was determined that, depending on the insurer’s conduct and risk factor and yield of funds, investment strategy can be aggressive, moderate and conservative. The main factors that characterize conservative, aggressive and moderately conservative investment strategy are defined. The characteristic of the structure of the investment portfolio of domestic insurance companies is determined. There are insurance companies which conduct an aggressive, conservative and moderately conservative investment strategy. In the article defined the main directions of investments of insurance companies in Ukraine which include bank deposits, government securities and shares. Determined that majority of insurance companies in the insurance market of Ukraine followed a conservative investment strategy which is the least risky. It is noted that in view of difficult economic situation in Ukraine, insurance companies need to develop an effective investment strategy to ensure their ability to pay.

  3. Digital management technology and its application to investment casting enterprises

    Directory of Open Access Journals (Sweden)

    Xiao-yuan Ji

    2016-09-01

    Full Text Available With the advent of Industry 4.0, more and more investment casting enterprises are implementing production manufacturing systems, especially in the last two years. This paper summarizes three new common requirements of the digital management aspect in precision casting enterprises, and puts forward three corresponding techniques. They are: the production process tracking card technology based on the main-sub card mode; the workshop site production process processing technology based on the barcode; and the equipment data integration technology. Then, this paper discusses in detail the principle, application and effect of these technologies; to provide the reference for enterprises to move towards digital casting and intelligent casting.

  4. Evaluation of Representative Smart Grid Investment Project Technologies: Demand Response

    Energy Technology Data Exchange (ETDEWEB)

    Fuller, Jason C.; Prakash Kumar, Nirupama; Bonebrake, Christopher A.

    2012-02-14

    This document is one of a series of reports estimating the benefits of deploying technologies similar to those implemented on the Smart Grid Investment Grant (SGIG) projects. Four technical reports cover the various types of technologies deployed in the SGIG projects, distribution automation, demand response, energy storage, and renewables integration. A fifth report in the series examines the benefits of deploying these technologies on a national level. This technical report examines the impacts of a limited number of demand response technologies and implementations deployed in the SGIG projects.

  5. Some aspects of technology transfer and direct foreign investment

    Energy Technology Data Exchange (ETDEWEB)

    Findlay, R.

    1978-05-01

    A model showing technology transfer to developing countries links questions of appropriations with the socio-economic reasons for technological change. The rate at which foreign capital is used is found to be directly related to after-tax profits. If the developing country raises taxes on foreign capital, the effect is to increase the proportion of domestic capital needed and to widen the technological gap between the two countries. The analysis also shows a higher gain from new techniques with increased demand volume and suggests large developing countries with similar capital to invest are more likely to generate intermediate technologies. 8 references.

  6. A Research on Investment Casting Technology of Ti Alloys

    Institute of Scientific and Technical Information of China (English)

    2000-01-01

    In this research, the materials and the compositions of the surface slurries were chosen by considering the characteristics of Ti investment casting. The effects of solid-liquid ratios on the properties of the slurry and the effects of baking temperatures on the flexural strength have also been investigated. Flawless shells having smooth inner surface were manufactured with proper technology. Ti and its alloys were melted and poured by water-cooled Cu crucible vacuum induction furnace. The qualities of the investment castings made accordingly were studied and analyzed.

  7. PORTFOLIO INSURANCE INVESTMENT STRATEGIES: A RISK-MANAGEMENT TOOL

    Directory of Open Access Journals (Sweden)

    Elma Agic-Sabeta

    2017-06-01

    Full Text Available Unsystemic risks in financial markets may be reduced through diversification. Systemic risks relate to the overall economy, cannot be influenced by a single company, and require special attention. Empirical research on return distributions in the long-term shows that investing under the assumption of normal distribution of returns may be dangerous. The main objectives of this article are to describe portfolio insurance strategies and investigate their advantages and disadvantages. Furthermore, their use in financial markets in both developed and emerging markets is explored, with special consideration placed on southeast European markets. Theoretical models are reviewed, including recent research articles in the field. The results are analyzed, summarized, and presented in the form of tables and graphs. The main finding of the article is identification of strategies that could be used in southeast Europe. It concludes that implementation of portfolio insurance strategies by asset managers may reduce financial risks in southeast European markets if implementation is done professionally and, simultaneously, it is monitored during the entire investment horizon.

  8. FOREIGN DIRECT INVESTMENT AND TECHNOLOGICAL INNOVATION IN DEVELOPING COUNTRIES

    Directory of Open Access Journals (Sweden)

    Kamilia Loukil

    2016-09-01

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

  9. Medical implants by using RP and investment casting technologies

    Directory of Open Access Journals (Sweden)

    Milan Horacek

    2011-02-01

    Full Text Available The paper deals with the production technology of knee joint replacement by using rapid prototyping technology. The aim of the work is to outline the manufacturing technology intended for prototype production with the use of rapid prototyping and investment casting technology for use in orthopaedics and the surgery of knee joint replacement. The research results should make an effective contribution in the attempts to minimize the invasive surgical procedure, shorten the production of knee joint replacement as well as reduce the cost. At present, the research is focused on the preparation of STL data from CT (Computed Tomography and verification of the production technology of prototypes made using available RP technology and its evaluation.

  10. Theoretic-methodological approaches to determine the content and classification of innovation-investment development strategies

    Directory of Open Access Journals (Sweden)

    Gerashenkova Tatyana

    2016-01-01

    Full Text Available The article states the necessity to form an innovation-investment strategy of enterprise development, offers an approach to its classification, determines the place of this strategy in a corporatewide strategy, gives the methodology of formation and the realization form of the innovation-investment development strategy.

  11. Recent Investments by NASA's National Force Measurement Technology Capability

    Science.gov (United States)

    Commo, Sean A.; Ponder, Jonathan D.

    2016-01-01

    The National Force Measurement Technology Capability (NFMTC) is a nationwide partnership established in 2008 and sponsored by NASA's Aeronautics Evaluation and Test Capabilities (AETC) project to maintain and further develop force measurement capabilities. The NFMTC focuses on force measurement in wind tunnels and provides operational support in addition to conducting balance research. Based on force measurement capability challenges, strategic investments into research tasks are designed to meet the experimental requirements of current and future aerospace research programs and projects. This paper highlights recent and force measurement investments into several areas including recapitalizing the strain-gage balance inventory, developing balance best practices, improving calibration and facility capabilities, and researching potential technologies to advance balance capabilities.

  12. RISK DIVERSIFICATION STRATEGY OF INVESTMENT ACTIVITIES OF BUSINESS ENTITIES IN UKRAINE

    Directory of Open Access Journals (Sweden)

    A. Stepanova

    2014-09-01

    Full Text Available The questions of investment risks minimization in activities of the entity Ukraine are revealed. The system of measures and counter prediction of investment risk is proposed. A strategy to minimize them through the use of diversification based on the appropriate investment strategy and monitoring the implementation of managerial financial decisions in order to provide a comparison of effectiveness of business operations of the entity with the appropriate level of investment risk is describe.

  13. Designing a Forex Trading and Equity Investment Strategy for the New-State Capital Hedge Fund

    OpenAIRE

    Malik, Rizvan

    2008-01-01

    Construct the investment strategy for the New-State Capital Hedge Fund. Identify profit making opportunities in Foreign Exchange (Forex) & Equities using both conventional and non-conventional indicators. The author is to articulate and document his current knowledge in the chosen area in order to stimuate ideas in creating potential investment strategies. Justify knowledge with actual results in a genuine live investment. Critique and evluate the effectiveness of the proposed investment ...

  14. Technology Investment Agendas to Expand Human Space Futures

    Science.gov (United States)

    Sherwood, Brent

    2012-01-01

    The paper develops four alternative core-technology advancement specifications, one for each of the four strategic goal options for government investment in human space flight. Already discussed in the literature, these are: Explore Mars; Settle the Moon; accelerate commercial development of Space Passenger Travel; and enable industrial scale-up of Space Solar Power for Earth. In the case of the Explore Mars goal, the paper starts with the contemporary NASA accounting of ?55 Mars-enabling technologies. The analysis decomposes that technology agenda into technologies applicable only to the Explore Mars goal, versus those applicable more broadly to the other three options. Salient technology needs of all four options are then elaborated to a comparable level of detail. The comparison differentiates how technologies or major developments that may seem the same at the level of budget lines or headlines (e.g., heavy-lift Earth launch) would in fact diverge widely if developed in the service of one or another of the HSF goals. The paper concludes that the explicit choice of human space flight goal matters greatly; an expensive portfolio of challenging technologies would not only enable a particular option, it would foreclose the others. Technologies essential to enable human exploration of Mars cannot prepare interchangeably for alternative futures; they would not allow us to choose later to Settle the Moon, unleash robust growth of Space Passenger Travel industries, or help the transition to a post-petroleum future with Space Solar Power for Earth. The paper concludes that a decades-long decision in the U.S.--whether made consciously or by default--to focus technology investment toward achieving human exploration of Mars someday would effectively preclude the alternative goals in our lifetime.

  15. Improving America's health care system by investing in information technology.

    Science.gov (United States)

    Coye, Molly Joel; Bernstein, William S

    2003-01-01

    Large-scale investment in health care information technology (IT) infrastructure will not take place without leadership by the federal government. But how the federal government supports the financing of health care IT is critical. Health care IT development has multiple aspects, but it is fundamentally a problem of community infrastructure development. A policy approach that has had consistent success in financing our country's essential physical infrastructure in transportation and environmental protection will be well suited to fostering health care IT infrastructure as well. We propose the creation of a health care IT revolving loan fund program to invest public dollars in health care IT infrastructure projects through community-level nonprofit lending agencies.

  16. Technological Strategies and National Purpose

    Science.gov (United States)

    Gilpin, Robert

    1970-01-01

    Discusses the international and domestic implications of technological growth. Defines three basic national strategies: a broad front approach, scientific and technological specialization and importation. Analyzes the strategies followed by form countries - France, the United States, Sweden, and Japan- to illustrate the alternatives and the…

  17. Technological Strategies and National Purpose

    Science.gov (United States)

    Gilpin, Robert

    1970-01-01

    Discusses the international and domestic implications of technological growth. Defines three basic national strategies: a broad front approach, scientific and technological specialization and importation. Analyzes the strategies followed by form countries - France, the United States, Sweden, and Japan- to illustrate the alternatives and the…

  18. MOBILE 5G TECHNOLOGY ADOPTION INVESTMENT TIMING DECISION MAKERS CLUSTERING AND WILLINGNESS TO INVEST UNDER VOLATILE DEMAND CHANGES

    Directory of Open Access Journals (Sweden)

    Saulius Adamauskas

    2016-09-01

    Full Text Available Enterprises need to identify the optimal timing for technological change in order to increase competitiveness and increase the value of the company in an uncertain demanding environment. Investment decisions for adopting new technologies are costly and sometimes risky because technological investments are irreversible. To simulate the process, comprehensive technological adoption regarding investment timing was used in a management decision support model. The constructed model is structured as follows: 1 historical demand paths analysis; 2 application of statistical data validity tests; 3 the forecast of market parameters regarding data arrays using the geometric Brownian motion method, based on Monte Carlo simulation; 4 determination of technological life cycle using a Hodrick–Prescott filter; 5 technological adoption time-window determination; and 6 calculation of company net present values (NPV based on change in free cash-flow. The model for mature 5G mobile markets, created and empirical tested, was performed in relation to 18 largest Europe mobile service providers, as potential decision makers operating across 33 countries. Results confirmed that selection of the technological investment time depends on companies’ strategic financial decisions and financial state. The performed simulations revealed the consequence of 5G technology investment for investor roles, clustered according to financial data within a 5-year period (2010–2014. The analyzed companies were assigned to roles of pioneers-innovators, pragmatics, followers, or laggards. Finally, it is assumed and argued that financial parameters indicate the willingness to adopt new technologies in a global technologically changing environment.

  19. Influence Diagram Use With Respect to Technology Planning and Investment

    Science.gov (United States)

    Levack, Daniel J. H.; DeHoff, Bryan; Rhodes, Russel E.

    2009-01-01

    Influence diagrams are relatively simple, but powerful, tools for assessing the impact of choices or resource allocations on goals or requirements. They are very general and can be used on a wide range of problems. They can be used for any problem that has defined goals, a set of factors that influence the goals or the other factors, and a set of inputs. Influence diagrams show the relationship among a set of results and the attributes that influence them and the inputs that influence the attributes. If the results are goals or requirements of a program, then the influence diagram can be used to examine how the requirements are affected by changes to technology investment. This paper uses an example to show how to construct and interpret influence diagrams, how to assign weights to the inputs and attributes, how to assign weights to the transfer functions (influences), and how to calculate the resulting influences of the inputs on the results. A study is also presented as an example of how using influence diagrams can help in technology planning and investment. The Space Propulsion Synergy Team (SPST) used this technique to examine the impact of R&D spending on the Life Cycle Cost (LCC) of a space transportation system. The question addressed was the effect on the recurring and the non-recurring portions of LCC of the proportion of R&D resources spent to impact technology objectives versus the proportion spent to impact operational dependability objectives. The goals, attributes, and the inputs were established. All of the linkages (influences) were determined. The weighting of each of the attributes and each of the linkages was determined. Finally the inputs were varied and the impacts on the LCC determined and are presented. The paper discusses how each of these was accomplished both for credibility and as an example for future studies using influence diagrams for technology planning and investment planning.

  20. Investments

    CERN Document Server

    Bodie, Zvi

    2013-01-01

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

  1. Federal investment in health information technology: how to motivate it?

    Science.gov (United States)

    Bower, Anthony G

    2005-01-01

    Health care market failures include inefficient standard making, problems with coordination among local providers to optimize care, and inability to measure quality accurately, inexpensively, or reliably. Study of other industries suggests policy directions for health information technology and the magnitude of gains from improving market functioning, which are very large. A perspective drawn from U.S. industrial history--in particular railroads and the interstate highway system--suggests an investment level roughly consistent with recent estimates drawn from the medical literature. The benefits of quick action probably outweigh the benefits of delaying and choosing the perfect funding mechanism.

  2. Technology transfers, foreign investment and productivity spillovers: evidence from Vietnam

    DEFF Research Database (Denmark)

    Newman, Carol; Rand, John; Talbot, Theodore Purdendu

    This paper provides new evidence on the relationship between foreign direct investment (FDI) and the productivity of domestic firms. Using a specially designed survey on a sample of over 7,500 manufacturing firms in Vietnam we uncover some of the mechanisms that explain productivity spillovers from....... Productivity externalities from upstream sectors are associated with joint venture foreign investors while downstream sectors experience direct technology transfers from upstream wholly foreign owned investors. Spillovers from FDI through backward linkages are also detected but only when competition from...

  3. Transportation Energy Futures Series: Vehicle Technology Deployment Pathways: An Examination of Timing and Investment Constraints

    Energy Technology Data Exchange (ETDEWEB)

    Plotkin, S.; Stephens, T.; McManus, W.

    2013-03-01

    Scenarios of new vehicle technology deployment serve various purposes; some will seek to establish plausibility. This report proposes two reality checks for scenarios: (1) implications of manufacturing constraints on timing of vehicle deployment and (2) investment decisions required to bring new vehicle technologies to market. An estimated timeline of 12 to more than 22 years from initial market introduction to saturation is supported by historical examples and based on the product development process. Researchers also consider the series of investment decisions to develop and build the vehicles and their associated fueling infrastructure. A proposed decision tree analysis structure could be used to systematically examine investors' decisions and the potential outcomes, including consideration of cash flow and return on investment. This method requires data or assumptions about capital cost, variable cost, revenue, timing, and probability of success/failure, and would result in a detailed consideration of the value proposition of large investments and long lead times. This is one of a series of reports produced as a result of the Transportation Energy Futures (TEF) project, a Department of Energy-sponsored multi-agency effort to pinpoint underexplored strategies for abating GHGs and reducing petroleum dependence related to transportation.

  4. Transportation Energy Futures Series. Vehicle Technology Deployment Pathways. An Examination of Timing and Investment Constraints

    Energy Technology Data Exchange (ETDEWEB)

    Plotkin, Steve [Argonne National Lab. (ANL), Argonne, IL (United States); Stephens, Thomas [Argonne National Lab. (ANL), Argonne, IL (United States); McManus, Walter [Oakland Univ., Rochester, MI (United States)

    2013-03-01

    Scenarios of new vehicle technology deployment serve various purposes; some will seek to establish plausibility. This report proposes two reality checks for scenarios: (1) implications of manufacturing constraints on timing of vehicle deployment and (2) investment decisions required to bring new vehicle technologies to market. An estimated timeline of 12 to more than 22 years from initial market introduction to saturation is supported by historical examples and based on the product development process. Researchers also consider the series of investment decisions to develop and build the vehicles and their associated fueling infrastructure. A proposed decision tree analysis structure could be used to systematically examine investors' decisions and the potential outcomes, including consideration of cash flow and return on investment. This method requires data or assumptions about capital cost, variable cost, revenue, timing, and probability of success/failure, and would result in a detailed consideration of the value proposition of large investments and long lead times. This is one of a series of reports produced as a result of the Transportation Energy Futures (TEF) project, a Department of Energy-sponsored multi-agency effort to pinpoint underexplored strategies for abating GHGs and reducing petroleum dependence related to transportation.

  5. Investment strategy for flexible capacity considering demand-side disruption risk

    Science.gov (United States)

    Meng, Cuicui; Ji, Jianhua; Li, Xinjun

    2016-04-01

    This article considers a firm selling two product families and confronting demand-side disruption risk. The firm has the option to invest in dedicated capacities and flexible capacity. To study the optimal investment strategy, we model the firm's decision as a two-stage stochastic programming problem, in which deviation risk is restricted within a certain level. Our analysis provides the necessary and sufficient conditions for the optimal strategy and the threshold policy for the flexible capacity investment. The results in the context of deviation risk constraint are compared with results derived outside of the context of deviation risk constraint. Furthermore, a numerical example is given to depict the optimal investment strategy.

  6. Liquidity, Technological Opportunities, and the Stage Distribution of Venture Capital Investments

    Science.gov (United States)

    Lahr, Henry; Mina, Andrea

    2014-01-01

    This paper explores the determinants of the stage distribution of European venture capital investments from 1990 to 2011. Consistent with liquidity risk theory, we find that the likelihood of investing in earlier stages increases relative to all private equity investments during liquidity crisis years. While liquidity is the main driver of acquisition investments and, to some extent, of expansion financings, technological opportunities are overall the main driver of early and late stage venture capital investments. In contrast to the dotcom crash, the recent financial crisis negatively affected the relative likelihood of expansion investments, but not of early and late stage investments. PMID:26166906

  7. Liquidity, Technological Opportunities, and the Stage Distribution of Venture Capital Investments.

    Science.gov (United States)

    Lahr, Henry; Mina, Andrea

    2014-06-01

    This paper explores the determinants of the stage distribution of European venture capital investments from 1990 to 2011. Consistent with liquidity risk theory, we find that the likelihood of investing in earlier stages increases relative to all private equity investments during liquidity crisis years. While liquidity is the main driver of acquisition investments and, to some extent, of expansion financings, technological opportunities are overall the main driver of early and late stage venture capital investments. In contrast to the dotcom crash, the recent financial crisis negatively affected the relative likelihood of expansion investments, but not of early and late stage investments.

  8. HOSPITAL MANAGERS' NEED FOR INFORMATION ON HEALTH TECHNOLOGY INVESTMENTS

    DEFF Research Database (Denmark)

    Ølholm, Anne Mette; Kidholm, Kristian; Birk-Olsen, Mette

    2015-01-01

    OBJECTIVES: There is growing interest in implementing hospital-based health technology assessment (HB-HTA) as a tool to facilitate decision making based on a systematic and multidisciplinary assessment of evidence. However, the decision-making process, including the informational needs of hospital...... decision makers, is not well described. The objective was to review empirical studies analysing the information that hospital decision makers need when deciding about health technology (HT) investments. METHODS: A systematic review of empirical studies published in English or Danish from 2000 to 2012...... was carried out. The literature was assessed by two reviewers working independently. The identified informational needs were assessed with regard to their agreement with the nine domains of EUnetHTA's Core Model. RESULTS: A total of 2,689 articles were identified and assessed. The review process resulted...

  9. Role of Tax Instruments in Investment and Innovation Strategy of Development of Ukraine

    Directory of Open Access Journals (Sweden)

    Demchyshak Nazar B.

    2014-02-01

    Full Text Available The article speaks about problems of formation of the investment and innovation potential in Ukraine. It identifies priority of development and introduction of the investment and innovation strategy for the national economy. It studies the role of state stimulation of the investment and innovation activity using direct and indirect methods. It considers foreign experience of tax stimulation of innovation activity. It analyses application of different tax preferences by different foreign states. It shows positive and negative sides of preferential taxation under conditions of financial instability of Ukrainian economy. In order to identify the level of investment activity the article analyses dynamics of change of the investment attractiveness index and shows problem aspects of attraction of foreign investments into the national economy. It identifies priorities of formation of efficient investment and innovation strategy of development of economy on the basis of a common system approach.

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

    OpenAIRE

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

    2009-01-01

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

  11. Technological and regulatory aspects of quality management during the life cycle of investment and construction projects

    OpenAIRE

    Kropyvko Serhii Maksymovych

    2016-01-01

    The division of the life cycle of investment and construction projects in four phases, based on their technological features, is proposed in the article. Regulatory aspects of quality management during each phase of the life cycle of investment and construction projects are analyzed. The model of quality management during the phases of the life cycle of investment and construction project is developed.

  12. HOSPITAL MANAGERS' NEED FOR INFORMATION ON HEALTH TECHNOLOGY INVESTMENTS.

    Science.gov (United States)

    Ølholm, Anne Mette; Kidholm, Kristian; Birk-Olsen, Mette; Christensen, Janne Buck

    2015-01-01

    There is growing interest in implementing hospital-based health technology assessment (HB-HTA) as a tool to facilitate decision making based on a systematic and multidisciplinary assessment of evidence. However, the decision-making process, including the informational needs of hospital decision makers, is not well described. The objective was to review empirical studies analysing the information that hospital decision makers need when deciding about health technology (HT) investments. A systematic review of empirical studies published in English or Danish from 2000 to 2012 was carried out. The literature was assessed by two reviewers working independently. The identified informational needs were assessed with regard to their agreement with the nine domains of EUnetHTA's Core Model. A total of 2,689 articles were identified and assessed. The review process resulted in 14 relevant studies containing 74 types of information that hospital decision makers found relevant. In addition to information covered by the Core Model, other types of information dealing with political and strategic aspects were identified. The most frequently mentioned types of information in the literature related to clinical, economic and political/strategic aspects. Legal, social, and ethical aspects were seldom considered most important. Hospital decision makers are able to describe their information needs when deciding on HT investments. The different types of information were not of equal importance to hospital decision makers, however, and full agreement between EUnetHTA's Core Model and the hospital decision-makers' informational needs was not observed. They also need information on political and strategic aspects not covered by the Core Model.

  13. Evaluation of the implementation of investment strategies of sovereign wealth funds in Russia and Norway

    Directory of Open Access Journals (Sweden)

    Elyakova Isabella

    2014-05-01

    Full Text Available This paper is devoted to assessing the impact of macroeconomic conditions on the choice of investment strategies and the results of sovereign funds in Russia and Norway . We consider the comparative analysis of realized investment strategies of sovereign wealth funds of foreign countries , and on the basis of SWOT analysis strategy sovereign funds of Norway and Russia plans need to develop effective mechanisms to increase the use and the National Welfare Fund of Russia.

  14. Making Technology Investments Profitable ROI Road Map from Business Case to Value Realization

    CERN Document Server

    Keen, Jack M

    2011-01-01

    A guide to getting the crucial business case right?every time Showing professionals how to calculate the value of typical budgeting and funding requests quickly and easily, Making Technology Investments Profitable, Second Edition applies the "Value Realization" process, using proven strategies that maximize the business payoff from IT projects. Filled with case studies, this innovative book enables managers to confidently quantify, in a matter of minutes, the true business value of funding a desired project.New edition explains how to proactively manage the conversion of a business case's valu

  15. A Technical Note on Australian Default Superannuation Investment Strategies

    Directory of Open Access Journals (Sweden)

    Loretta Iskra

    2012-06-01

    Full Text Available Superannuation has become more complex over time. Individual investors are inclined to seek the ‘path of least resistance’ and invest in default investment funds which are typically concentrated in high risk assets. Understanding how these funds will meet the individual needs of members relative to their changing circumstances can provide peace of mind and confidence in the market. Given the value of superannuation as an investment in terms of the economy, it is paramount than an appropriate mechanism be in place for default fund investors. This paper will clarify the existing position relative to default fund investment options and outline future research which will provide the impetus for change in terms ofgovernment policy, the financial planning profession and for industry superannuation funds.

  16. Port Investment Strategies under Uncertainty: The Case of a Southeast Asian Multipurpose Port1

    Directory of Open Access Journals (Sweden)

    Ioannis N. Lagoudis

    2014-12-01

    The methodology has been applied on the expansion evaluation of warehousing facilities in a multipurpose port. For the evaluation of the alternatives, the expected net present value (ENPV is based on earnings before interest, tax, depreciation and amortization (EBITDA. Results show that the investment strategy for a new 4-level warehouse with a flexible option was the optimal choice when compared with strategies of similar scale. However, depending on the emphasis placed on the various investment metrics the optimal investment strategy seems to be closer to a non-flexible 5-level warehouse.

  17. Identifying the trends in wound-healing patents for successful investment strategies.

    Science.gov (United States)

    Gwak, Jae Ha; Sohn, So Young

    2017-01-01

    Recently, the need for rapid wound-healing has significantly increased because of the increasing number of patients who are diagnosed with diabetes and obesity. These conditions have contributed to a surge in the number of patients with chronic wounds worldwide. Furthermore, many cost-effective wound-healing technologies have been developed in order to keep up with the increased demand. In this paper, we performed a quantitative study of the trends associated with wound-healing technologies using patent data. We analyzed the trends considering four different groups of patent applicants: firms, universities, research institutes, and individuals using a structural topic model. In addition, we analyzed the knowledge flow between patent applicants using citation analysis, and confirmed the role of applicants in the knowledge-flow network using k-means clustering. As a result, the primary wound-healing technology patents applied for by the four groups varied considerably, and we classified the roles of patent applicants were found in the knowledge-flow network. Our results showed the organizations that are leading each area of wound-healing technology. Furthermore, from the results, we identified specific institutions that are efficient for spreading knowledge related to wound-healing technology based on the patents. This information can contribute to the planning of investment strategies and technology policies related to wound-healing.

  18. R&D Strategy of High Technology Industry

    Institute of Scientific and Technical Information of China (English)

    Wang Yan

    2003-01-01

    In a symmetrical static game model, this paper is mainly concerned with the research and development (R&D) strategy of the High Technology (HT) industry and the society's optimal R&D level given the investment revenue. We obtain different investment decision with different amount of firms engaging in the R&D and each firm's expected profit respectively. When the risk (the probability each firm succeed) is not random, it's socially desirable to have more firm engaging in R&D if and only if the relationship among the invest cost, the probability and the prize satisfies some condition, that is, Eπ, (n) ≥Eπ, (n- 1 ) I≤a( 1 -a)n-1V. When the R&D cost I is certain, more prizes or higher probability will make more firms engage in the R&D and higher prize makes it's socially desirable to have more firm invest in R&D.

  19. Measuring information technology investment among Canadian academic health sciences centres.

    Science.gov (United States)

    Pederson, Lorraine; Leonard, Kevin

    2005-01-01

    Many recent studies have attempted to accurately measure the expenditure by hospitals in the area of new information technology (IT), for example see Leonard 1998 and Pink et al. 2001. This is usually done as an exercise to compare the healthcare sector with other industries that have had much more success in implementing and leveraging their IT investment (Willcocks 1992; Chan 2000). It is normally hoped that such investigation would help explain some of the differences among the various industries and provide insight into where (and how much) future IT spending should occur in healthcare (Leonard 2004). Herein, we present the results from a study of eight Canadian academic health sciences centres that contributed data in order to analyze the amount of information technology spending in their organizations. Specifically, we focus on one specific indicator: the IT spend ratio. This ratio is defined as the percentage of total IT net costs to total hospital net operating costs, and aims to provide a "relative (or percentage) measure of spending" so as to make the comparisons meaningful. One such comparison shows that hospitals spend only 55% of the amount the financial services sector spends.

  20. Research on energy strategy and Chinese energy investment in the middle east

    Science.gov (United States)

    Huang, Yiling

    2017-08-01

    The Middle East is a key node of “One Belt and One Road strategy”. Energy investment is an important part of Chinese investment in the Middle East. The political turmoil in the Middle East has brought the political risks to Chinese investors. In the future, with the globalization of Chinese resource distribution and the expansion of Chinese outward investment, it is significant for China to ensure its energy security. Based on the analysis of the situation of Chinese energy strategy in the Middle East, this paper tries to put forward some suggestion about Chinese energy investment in the Middle East in order to protect Chinese energy security effectively.

  1. Dr. Alyce SU on China Overseas Investment Strategy

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    @@ Brazil Brazil Investment Background Brazil's National Bank for Economic and Social Development (BNDES) (similar role to China Development Bank) is Brazil's leading long term loan provider to Brazilian domestic enterprises. BNDES's subsidiary BNDESPar holds shares of Brazil's listed and unlisted companies. Since 2010, BNDES and BNDESPar have been restructuring investment portfolio by selling shares in Fibria and 2.4% of Banco de Brasil for cash for making future loans. It's 5.3% shares in VALE is widely expected to be the next liquidity event.

  2. Investment Strategies Optimization based on a SAX-GA Methodology

    CERN Document Server

    Canelas, António M L; Horta, Nuno C G

    2013-01-01

    This book presents a new computational finance approach combining a Symbolic Aggregate approXimation (SAX) technique with an optimization kernel based on genetic algorithms (GA). While the SAX representation is used to describe the financial time series, the evolutionary optimization kernel is used in order to identify the most relevant patterns and generate investment rules. The proposed approach considers several different chromosomes structures in order to achieve better results on the trading platform The methodology presented in this book has great potential on investment markets.

  3. 32 CFR 37.110 - What type of instruments are technology investment agreements (TIAs)?

    Science.gov (United States)

    2010-07-01

    ... 32 National Defense 1 2010-07-01 2010-07-01 false What type of instruments are technology investment agreements (TIAs)? 37.110 Section 37.110 National Defense Department of Defense OFFICE OF THE SECRETARY OF DEFENSE DoD GRANT AND AGREEMENT REGULATIONS TECHNOLOGY INVESTMENT AGREEMENTS General §...

  4. Barriers to investments in energy saving technologies. Case study for the industry

    NARCIS (Netherlands)

    Masselink, Dirk Jan

    2007-01-01

    To realise future energy saving targets, the government needs to increase energy reduction rates. One option to increase energy savings is found in removing barriers to investments in cost-effective energy saving technologies. Many technologies save energ

  5. Momentum Investment Strategy : (An Empirical Study of the Canadian Stock Market and the Swedish Stock Market)

    OpenAIRE

    Ludvigsson, Anita

    2008-01-01

    Abstract Market efficiency is a highly debated topic within the academic research field of finance. Several studies have presented that the return on stocks may be predictable by employing the momentum investment strategy, which contradicts the Efficient Market Hypothesis in exchange market. There is extensive international evidence, on an academic level that the momentum investment strategy yields positive abnormal returns when short-term periods are considered. This paper examines the profi...

  6. The CEV Model and Its Application in a Study of Optimal Investment Strategy

    Directory of Open Access Journals (Sweden)

    Aiyin Wang

    2014-01-01

    Full Text Available The constant elasticity of variance (CEV model is used to describe the price of the risky asset. Maximizing the expected utility relating to the Hamilton-Jacobi-Bellman (HJB equation which describes the optimal investment strategies, we obtain a partial differential equation. Applying the Legendre transform, we transform the equation into a dual problem and obtain an approximation solution and an optimal investment strategies for the exponential utility function.

  7. Pedagogical Strategies for Incorporating Behavioral Finance Concepts in Investment Courses

    Science.gov (United States)

    Adams, Michael; Mullins, Terry; Thornton, Barry

    2007-01-01

    The traditional approach to teaching a course in investments is predicated upon the efficient market hypothesis, modern portfolio theory, and the assumption that decision-makers are rational, wealth optimizing entities. Recent developments in the arena of behavioral finance (BF) have raised questions about this approach. Although the idea of…

  8. Pedagogical Strategies for Incorporating Behavioral Finance Concepts in Investment Courses

    Science.gov (United States)

    Adams, Michael; Mullins, Terry; Thornton, Barry

    2007-01-01

    The traditional approach to teaching a course in investments is predicated upon the efficient market hypothesis, modern portfolio theory, and the assumption that decision-makers are rational, wealth optimizing entities. Recent developments in the arena of behavioral finance (BF) have raised questions about this approach. Although the idea of…

  9. Strategies of the oil-and-gas TNC on the global investment market

    Directory of Open Access Journals (Sweden)

    Oleh Shvydkyi

    2011-10-01

    Full Text Available There were studied theoretical and practical aspects of the formation and efficient implementation of corporate investment strategies in the global business environment. There was made an analysis of transnational factor of the global economy establishment and revealed the nature of the global investment market, its subject identification as well as structural and functional segmentation, determined progressive and regressive properties. There has been made the identification of the update investment strategies of oil-and-gas TNC in the paradigm of the global management.

  10. Venture capital and private equity investment strategies in selected European countries

    Directory of Open Access Journals (Sweden)

    Krzysztof Dziekoński

    2016-09-01

    Full Text Available Private equity and venture capital (PE/VC funding is the provision of equity capital by financial investors to non-quoted companies with high growth potential. It has a particular emphasis on entrepreneurial activities rather than on mature businesses. PE/VC investors differ on several dimensions including: investment targets, screening evaluation methods, governance mechanisms, and objectives. The paper is a conti nuati on of the discussion that concerns investment strategies of PE/VC funds. While studying the PE/VC market it is important to analyze the origin and structure of capital. The authors assumed that different types of investors have different investment strategies. Our research is an attempt to answer the following research question: whether the investor type, on the European PE/VC market, has an impact on the selection of industries. The paper presents results of statistical analysis of venture capital and private equity funds investment strategies in selected countries.

  11. Technological and regulatory aspects of quality management during the life cycle of investment and construction projects

    Directory of Open Access Journals (Sweden)

    Kropyvko Serhii Maksymovych

    2016-12-01

    Full Text Available The division of the life cycle of investment and construction projects in four phases, based on their technological features, is proposed in the article. Regulatory aspects of quality management during each phase of the life cycle of investment and construction projects are analyzed. The model of quality management during the phases of the life cycle of investment and construction project is developed.

  12. Strategy Diversity Stabilizes Mutualism through Investment Cycles, Phase Polymorphism, and Spatial Bubbles

    Science.gov (United States)

    Boza, Gergely; Kun, Ádám; Scheuring, István; Dieckmann, Ulf

    2012-01-01

    There is continuing interest in understanding factors that facilitate the evolution and stability of cooperation within and between species. Such interactions will often involve plasticity in investment behavior, in response to the interacting partner's investments. Our aim here is to investigate the evolution and stability of reciprocal investment behavior in interspecific interactions, a key phenomenon strongly supported by experimental observations. In particular, we present a comprehensive analysis of a continuous reciprocal investment game between mutualists, both in well-mixed and spatially structured populations, and we demonstrate a series of novel mechanisms for maintaining interspecific mutualism. We demonstrate that mutualistic partners invariably follow investment cycles, during which mutualism first increases, before both partners eventually reduce their investments to zero, so that these cycles always conclude with full defection. We show that the key mechanism for stabilizing mutualism is phase polymorphism along the investment cycle. Although mutualistic partners perpetually change their strategies, the community-level distribution of investment levels becomes stationary. In spatially structured populations, the maintenance of polymorphism is further facilitated by dynamic mosaic structures, in which mutualistic partners form expanding and collapsing spatial bubbles or clusters. Additionally, we reveal strategy-diversity thresholds, both for well-mixed and spatially structured mutualistic communities, and discuss factors for meeting these thresholds, and thus maintaining mutualism. Our results demonstrate that interspecific mutualism, when considered as plastic investment behavior, can be unstable, and, in agreement with empirical observations, may involve a polymorphism of investment levels, varying both in space and in time. Identifying the mechanisms maintaining such polymorphism, and hence mutualism in natural communities, provides a significant

  13. Environmental assessment and investment strategies of provincial industrial sector in China — Analysis based on DEA model

    Energy Technology Data Exchange (ETDEWEB)

    Wang, Juan, E-mail: wangjuan_tju@163.com [College of Management and Economics, Tianjin University, Tianjin 300072 (China); Zhao, Tao [College of Management and Economics, Tianjin University, Tianjin 300072 (China); Zhang, Xiaohu [College of Civil Aviation, Nanjing University of Aeronautics and Astronautics, Nanjing, Jiangsu, 210016 (China)

    2016-09-15

    As an energy-intensive industry, the industrial sector consumes 70% of energy consumption and causes serious environmental pollution in China. Also, the government emphasized the promotion of R&D investment in the industrial sector in China's National Plan on Climate Change (2014–2020). It is meaningful and contributes to assessing energy and environmental performance, as well as R&D and industrial pollution control (IPC) investment strategies of China's industrial sector. A non-radial DEA model, as with natural and managerial disposability, was adopted to evaluate this from provincial and regional perspectives during the 2008–2012 period. Energy and environmental performance was evaluated by unified efficiency under natural disposability (UEN), unified efficiency under managerial disposability (UEM), and unified efficiency under natural and managerial disposability (UENM). The empirical results indicated that Shandong and Hainan were efficient under natural and managerial disposability, while other provinces had the potential to improve their energy and environmental performance. The number of provinces that was fit for investments of R&D and IPC increased from 2008 to 2010, then decreased in 2011 and 2012. In spite of this, many provincial industrial sectors should make efforts to reduce pollution by investment on technology. Tianjin, Heilongjiang, Jiangxi and Henan were especially the best investment objects because investments of R&D and IPC turned to be effective for them during the whole study period. Moreover, western China had the highest average UENM, followed by eastern China and central China. Eastern China and central China were rewarding to expand investments. Coal consumption was the main factor to negatively affect unified efficiency whereas the increase in economic development level was primarily responsible for the improvement of unified efficiency. According to the results, differentiated suggestions to further improve energy and

  14. Modelling General System Investment Strategy in Major Industrial and Financial Corporations

    Directory of Open Access Journals (Sweden)

    Slushaienko Nataliia V.

    2013-11-01

    Full Text Available The goal of the article is the study of new qualitative approaches to development of investment strategies in major financial and industrial corporations. The article uses the games theory and methods of system analysis for modelling these processes. It considers strategies that would result in the maximal general system effect, which is the main task of the target co-ordination. The main difficulty of modelling the investment activity in major financial and production groups lies in the necessity to take into account interconnection between individual participants of the investment process and co-ordination of their interests and actions. The proposed approaches to analysis and selection of investment projects inside a major financial and industrial group facilitates making a co-ordination decision on distribution of investment resources of the general system fund and funds of individual system subdivisions. In the result of the study the article offers to use specific models of co-ordination of investment activity. These models would allow taking into consideration interaction of elements and co-ordination of interests and impact of each decision made on the state of the system. The article identifies a number of comparison criteria in the process of modelling the tasks of assessment and selection of investment projects in major financial and industrial groups. It calculates global priorities of all projects and identifies best alternatives. The proposed models could be used for assessment of interaction of elements when developing the general system investment strategy. The prospect of further studies could be identification of next approaches of optimisation of selection of the investment programme in major financial and industrial corporations.

  15. Outward Foreign Direct Investment from Emerging Economies and National Development Strategies

    DEFF Research Database (Denmark)

    Gammeltoft, Peter; Kokko, Ari

    2013-01-01

    Foreign direct investment (FDI) is an integral part of national development strategy throughout the developing world. However, while traditionally strategies have focused on the role of inward flows only, today, outward FDI is used on a larger scale and more deliberately to access markets...

  16. Optimal Investment Strategies for DC Pension with Stochastic Salary under the Affine Interest Rate Model

    Directory of Open Access Journals (Sweden)

    Chubing Zhang

    2013-01-01

    Full Text Available We study the optimal investment strategies of DC pension, with the stochastic interest rate (including the CIR model and the Vasicek model and stochastic salary. In our model, the plan member is allowed to invest in a risk-free asset, a zero-coupon bond, and a single risky asset. By applying the Hamilton-Jacobi-Bellman equation, Legendre transform, and dual theory, we find the explicit solutions for the CRRA and CARA utility functions, respectively.

  17. Optimal investment policy and dividend payment strategy in an insurance company

    OpenAIRE

    Pablo Azcue; Nora Muler

    2010-01-01

    We consider in this paper the optimal dividend problem for an insurance company whose uncontrolled reserve process evolves as a classical Cram\\'{e}r--Lundberg process. The firm has the option of investing part of the surplus in a Black--Scholes financial market. The objective is to find a strategy consisting of both investment and dividend payment policies which maximizes the cumulative expected discounted dividend pay-outs until the time of bankruptcy. We show that the optimal value function...

  18. An integrated model for part-operation allocation and investments in CNC technology

    NARCIS (Netherlands)

    Bokhorst, J.A.C.; Slomp, J.; Suresh, N.

    2002-01-01

    This study addresses the issue of investment appraisal of new technology, specifically computer numerical control (CNC) machine tools in conjunction with optimal allocation of parts and operations on CNC machines as the investments take place. Part-operation allocation is the allocation of parts and

  19. Information Technology Investment: Agencies Can Improve Performance, Reduce Costs, and Minimize Risks.

    Science.gov (United States)

    2007-11-02

    strengthened management of three fundamental assets: personnel, knowledge and information, and capital property/fixed assets. Investments in information ... technology (IT) can have a dramatic impact on all three of these assets. However, an IT project’s impact comes from how the investment is selected, designed

  20. An integrated model for part-operation allocation and investments in CNC technology

    NARCIS (Netherlands)

    Bokhorst, J.A.C.; Slomp, J.; Suresh, N.

    2002-01-01

    This study addresses the issue of investment appraisal of new technology, specifically computer numerical control (CNC) machine tools in conjunction with optimal allocation of parts and operations on CNC machines as the investments take place. Part-operation allocation is the allocation of parts and

  1. DEFENSE SCIENCE AND TECHNOLOGY Adopting Best Practices Can Improve Innovation Investments and Management

    Science.gov (United States)

    2017-06-01

    approach to organizing and executing their technology development activities by grouping them into two portfolios: incremental and disruptive, as shown in...for product development . Disruptive R&D is often sponsored by a corporate research organization , which makes project investment decisions... development investments. To develop these plans, companies solicit ideas and information from people across the organization to determine the

  2. Pro-sustainability choices and child deaths averted: from project experience to investment strategy.

    Science.gov (United States)

    Sarriot, Eric G; Swedberg, Eric A; Ricca, James G

    2011-05-01

    The pursuit of the Millennium Development Goals and advancing the 'global health agenda' demand the achievement of health impact at scale through efficient investments. We have previously offered that sustainability-a necessary condition for successful expansion of programmes-can be addressed in practical terms. Based on benchmarks from actual child survival projects, we assess the expected impact of translating pro-sustainability choices into investment strategies. We review the experience of Save the Children US in Guinea in terms of investment, approach to sustainability and impact. It offers three benchmarks for impact: Entry project (21 lives saved of children under age five per US$100 000), Expansion project (37 LS/US$100k), and Continuation project (100 LS/US$100k). Extrapolating this experience, we model the impact of a traditional investment scenario against a pro-sustainability scenario and compare the deaths averted per dollar spent over five project cycles. The impact per dollar spent on a pro-sustainability strategy is 3.4 times that of a traditional one over the long run (range from 2.2 to 5.7 times in a sensitivity analysis). This large efficiency differential between two investment approaches offers a testable hypothesis for large-scale/long-term studies. The 'bang for the buck' of health programmes could be greatly increased by following a pro-sustainability investment strategy.

  3. Influence of elements of “technological revolution” on efficiency of the investment and construction sphere

    Directory of Open Access Journals (Sweden)

    Murashova Olga

    2017-01-01

    Full Text Available The article describes a new view on the investment and construction area taking into consideration the influence of information technologies and innovations. The author has pointed out the basic aspects, which could allow making a break-through in management effectiveness, if being implemented in companies’ business or in investment and construction projects. The article presents the definition of the investment and construction cycle as an integrator of innovation solutions. The paper contains the conclusion about the obvious sector development using active implementation of information modeling of the investment and construction project facilities.

  4. Optimal Investment-Consumption Strategy under Inflation in a Markovian Regime-Switching Market

    Directory of Open Access Journals (Sweden)

    Huiling Wu

    2016-01-01

    Full Text Available This paper studies an investment-consumption problem under inflation. The consumption price level, the prices of the available assets, and the coefficient of the power utility are assumed to be sensitive to the states of underlying economy modulated by a continuous-time Markovian chain. The definition of admissible strategies and the verification theory corresponding to this stochastic control problem are presented. The analytical expression of the optimal investment strategy is derived. The existence, boundedness, and feasibility of the optimal consumption are proven. Finally, we analyze in detail by mathematical and numerical analysis how the risk aversion, the correlation coefficient between the inflation and the stock price, the inflation parameters, and the coefficient of utility affect the optimal investment and consumption strategy.

  5. Selection of the Bank Investment Strategy on the Basis of the Hierarchy Analysis Method

    Directory of Open Access Journals (Sweden)

    Zhytar Maksym O.

    2014-02-01

    Full Text Available The goal of the article lies in identification of a methodical approach to selection of the investment strategy of banks on the basis of factors of its formation with the use of the hierarchy analysis method. Factors of formation of the bank’s investment strategy were identified in the result of the study. The article demonstrates that selection of the investment strategy of the bank could be efficiently realised on the basis of the hierarchy analysis method, which is the most popular under conditions of a multi-criteria assessment of the search for optimal solution of the set task. The article offers a hierarchical structure of decision making, which could be a basis of selection of the bank’s investment strategy with consideration of the institutional flexibility. The prospect of further study in this direction is development of an optimisation model of the bank’s investment portfolio with consideration of not only institutional, but also market flexibility of decision making.

  6. Analysis on Dynamic Decision-Making Model of the Enterprise Technological Innovation Investment under Uncertain Environment

    Directory of Open Access Journals (Sweden)

    Yong Long

    2012-01-01

    Full Text Available Under the environment of fuzzy factors including the return of market, performance of product, and the demanding level of market, we use the method of dynamic programming and establish the model of investment decision, in technology innovation project of enterprise, based on the dynamic programming. Analysis of the influence caused by the changes of fuzzy uncertainty factors to technological innovation project investment of enterprise.

  7. THE GERMAN DIRECT INVESTMENTS IN INNOVATIVE AND TECHNOLOGICAL DEVELOPMENT OF THE RUSSIAN ECONOMY

    Directory of Open Access Journals (Sweden)

    Карина Юрьевна Ашикарьян

    2013-05-01

    Full Text Available In the conditions of globalization and economy modernization the special attention is paid to cooperation of the countries in the sphere of innovations and high technologies which is reached at the expense of a transfer of knowledge and technologies. One of priority instruments of innovative and technological cooperation today are direct foreign investments. Germany occupies one of leading provisions among the developed countries of the world and possesses high scientific and technical potential. The importance is got by direct investments of Germany, as main supplier of the real direct investments bringing new technologies and knowledge in economy of Russia. Thus, the German direct investments are the most important source of advanced technologies and the methods of management promoting modernization of the Russian economy and transition to an innovative way of development. Direct German investments accelerate process of integration of the Russian economy  in the world economy, improve use of various advantages of the international labor cooperation and its division, promote involvement in being formed European economic space.The article describes a role of the German direct investments in innovative and technological development of  the Russian economy.DOI: http://dx.doi.org/10.12731/2218-7405-2013-4-19

  8. Quantifying a Financially Sustainable Strategy of Public Transport: Private Capital Investment Considering Passenger Value

    Directory of Open Access Journals (Sweden)

    Yunqiang Xue

    2017-02-01

    Full Text Available Releaving traffic congestion by developing public transport as an alternative mode of travel is a common practice all over the world. However, the increasing public transport subsidies have created a financial burden for governments. Encouragingly, private capital supplies an opportunity for public transport in sustainable finance. Previous research mainly focuses on qualitative analysis and money-for-value (MFV analysis. In this paper, a new investment model is proposed based on the concept ‘passenger value’, and a bi-level programming model (BLPM is constructed as a quantitative analysis tool. The upper target of BLPM is the total surplus (including the value of time (VOT of passengers of the public transport system and the upper constraint is the ticket price. The lower target of BLPM is passenger’s surplus, the lower constraints are service capability and the lowest return rate of the private sector. The public transport of Jinan City, China is taken as a case to quantify the impacts of private capital investment in public transport. Results show that the proposed investment model considering passenger value is superior to the traditional one, and effective private capital investment could increase the total societal benefit of the transportation system. The proposed investment strategy satisfies economic viability and is a financially sustainability strategy. Additionally, travelers should be encouraged to use public transport through improving the service quality and passenger returns. Only in this way can the success rate of the private sector investment in public transport be improved efficiently.

  9. Application of MACD and RVI indicators as functions of investment strategy optimization on the financial market

    Directory of Open Access Journals (Sweden)

    Srdjan Redzepagic

    2009-06-01

    Full Text Available The determination of trends and prediction of stock prices is one of the main tasks of the MACD (Moving Average Convergence Divergence and the RVI (Relative Volatility Index indicators of the technical analysis. The research covers the sample representing stocks which are continually traded on the financial market of the Republic of Serbia. Subject of this research is to determine the possibility of MACD and RVI indicators application in investment decision making processes on the financial market of the Republic of Serbia. The main goal of the research is to identify the most profitable parameters of the MACD and RVI indicators as functions of investment strategy optimization on the financial market. The main hypothesis of the research is that the application of the MACD and RVI indicators of technical analysis significantly contributes to investment strategy optimization on the financial market. The applied methodology during the research includes analyses, synthesis and statistical/ mathematical methods with special focus on the method of moving averages. Research results indicate significant possibilities in application of MACD and RVI indicators of technical analysis as functions of making optimum decisions on investment. According to the obtained results it is concluded that the application of the optimized MACD and RVI indicators of technical analysis in decision making process on investing on the financial market significantly contributes maximization of profitability on investments.

  10. Technology Expenditures: A Policy Analysis in a Selected School and Return on Investment

    Science.gov (United States)

    Ferguson, Timothy Brian

    2012-01-01

    The process of retooling schools to prepare students for the Twenty-First Century requires that schools invest in technology resources and ongoing professional development for teachers to support the transformation of teaching and learning practices through technology integration. Technology resources are still considered to be educational…

  11. Factors that influence business strategies of direct foreign investments in emerging countries

    Directory of Open Access Journals (Sweden)

    Cláudia Wirz Leite Sá

    2008-09-01

    Full Text Available The purpose in this article is to propose an analytical model of the factors that influence business strategies of direct foreign investment in emerging markets. To this end, a literature review was conducted to identify the factors considered relevant to business investment in developing economies. The analytical model was developed on the basis of this review. This model includes external factors (driving mechanisms and internal factors (leveraging mechanisms. Two dimensions of external factors were identified: macroenvironmental (localization advantages and micro environmental (internalization advantages. The third dimension, internal factors, is composed of characteristics of the investing firms themselves (proprietary advantages. This model can be applied to the analysis of industries as a whole or to specific industrial segments, in terms of their attractiveness to foreign direct investment.

  12. Applying the Theory of the Firm to Examine a Technology Startup at the Investment Stage

    Directory of Open Access Journals (Sweden)

    Michael Ayukawa

    2012-05-01

    Full Text Available The investment stage of a new technology firm is when resources, opportunities, investors, and early customers first converge. Currently, technology entrepreneurs make many expensive mistakes. They invest in assets and develop capabilities that prove to have limited value. They take too long to discover and validate the product-market fit for their firms during the investment stage and run out of time and money. Understanding how theory can help entrepreneurs make decisions during the investment stage is important to accelerate new-firm formation and growth as well as to reduce the uncertainty of founders and stakeholders of technology firms. This article introduces a model developed to examine deal making during the investment stage of a new technology firm. It is an extension of a model of lateral firm scope proposed by Oliver Hart and Bengt Holmstrom. The extensions come from considering a technology firm as being both a deal-making entity and a pool of resources during the investment stage. A deal is the result of a decision the entrepreneur and others make to coordinate (i.e., work together to achieve a common objective. Benefits from a deal include cash profits for the firm and private benefits for the entrepreneur. This extended model is then applied to examine the author’s firm which is still in the investment stage. Application of the extended model to a real-life situation generated two important insights: i when private benefits include learning from experimentation, the number of deals increases and ii at the start of the investment stage, private benefits drive deal-making, whereas at the end of the investment stage, cash profits derived from asset ownership drive deal-making.

  13. Investment in Open Innovation Service Providers: NASA's Innovative Strategy for Solving Space Exploration Challenges

    Science.gov (United States)

    Fogarty, Jennifer A.; Rando, Cynthia; Baumann, David; Richard, Elizabeth; Davis, Jeffrey

    2010-01-01

    In an effort to expand routes for open communication and create additional opportunities for public involvement with NASA, Open Innovation Service Provider (OISP) methodologies have been incorporated as a tool in NASA's problem solving strategy. NASA engaged the services of two OISP providers, InnoCentive and Yet2.com, to test this novel approach and its feasibility in solving NASA s space flight challenges. The OISPs were chosen based on multiple factors including: network size and knowledge area span, established process, methodology, experience base, and cost. InnoCentive and Yet2.com each met the desired criteria; however each company s approach to Open Innovation is distinctly different. InnoCentive focuses on posting individual challenges to an established web-based network of approximately 200,000 solvers; viable solutions are sought and granted a financial award if found. Based on a specific technological need, Yet2.com acts as a talent scout providing a broad external network of experts as potential collaborators to NASA. A relationship can be established with these contacts to develop technologies and/or maintained as an established network of future collaborators. The results from the first phase of the pilot study have shown great promise for long term efficacy of utilizing the OISP methodologies. Solution proposals have been received for the challenges posted on InnoCentive and are currently under review for final disposition. In addition, Yet2.com has identified new external partners for NASA and we are in the process of understanding and acting upon these new opportunities. Compared to NASA's traditional routes for external problem solving, the OISP methodologies offered NASA a substantial savings in terms of time and resources invested. In addition, these strategies will help NASA extend beyond its current borders to build an ever expanding network of experts and global solvers.

  14. Investment in Open Innovation Service Providers: NASA's Innovative Strategy for Solving Space Exploration Challenges

    Science.gov (United States)

    Fogarty, Jennifer A.; Rando, Cynthia; Baumann, David; Richard, Elizabeth; Davis, Jeffrey

    2010-01-01

    In an effort to expand routes for open communication and create additional opportunities for public involvement with NASA, Open Innovation Service Provider (OISP) methodologies have been incorporated as a tool in NASA's problem solving strategy. NASA engaged the services of two OISP providers, InnoCentive and Yet2.com, to test this novel approach and its feasibility in solving NASA s space flight challenges. The OISPs were chosen based on multiple factors including: network size and knowledge area span, established process, methodology, experience base, and cost. InnoCentive and Yet2.com each met the desired criteria; however each company s approach to Open Innovation is distinctly different. InnoCentive focuses on posting individual challenges to an established web-based network of approximately 200,000 solvers; viable solutions are sought and granted a financial award if found. Based on a specific technological need, Yet2.com acts as a talent scout providing a broad external network of experts as potential collaborators to NASA. A relationship can be established with these contacts to develop technologies and/or maintained as an established network of future collaborators. The results from the first phase of the pilot study have shown great promise for long term efficacy of utilizing the OISP methodologies. Solution proposals have been received for the challenges posted on InnoCentive and are currently under review for final disposition. In addition, Yet2.com has identified new external partners for NASA and we are in the process of understanding and acting upon these new opportunities. Compared to NASA's traditional routes for external problem solving, the OISP methodologies offered NASA a substantial savings in terms of time and resources invested. In addition, these strategies will help NASA extend beyond its current borders to build an ever expanding network of experts and global solvers.

  15. A boom in energy technology innovation despite decades of stagnant investment

    Energy Technology Data Exchange (ETDEWEB)

    Bettencourt, Luis M [Los Alamos National Laboratory; Trancik, Jessika A [SANTA FE INSTITUTE; Kaur, Jasleen [INDIANA UNIV

    2009-01-01

    Rates of patenting in energy technologies in the United States stagnated during a period of low federal investment in the sector from the mid-1980's through 2000. To analyze the current state of the field, we built a new comprehensive database of energy patents in the USA and worldwide aggregated by nation and technology. We show that innovation in energy technologies, as measured by numbers of new patents, has grown dramatically over the last decade both for renewable and fossil fuel-based technologies, but that traditional investment -government and private support for research and development (R&D) -has not risen commensurately. We also show that while venture capital investment in the sector has increased significantly in the last few years it lags the observed uptick in patenting. We find increasing patenting rates in nations worldwide but also differences in regional priorities, as well as a marked divergence in innovation rates across technologies. Renewable energy technologies - especially solar and wind - currently show the fastest rates of innovation, while patenting levels in nuclear fission have remained low despite relatively high levels of sustained investment. While this sharp increase of innovative activity bodes well for change in the energy sector, the future of emerging technologies may hinge on sustained investment in R&D and favorable incentives for market entry.

  16. A Sales Execution Strategy Guide for Technology Startups

    Directory of Open Access Journals (Sweden)

    Ian Gilbert

    2011-10-01

    Full Text Available The majority of startups fail to consider sales execution as part of their overall strategy. This article demonstrates how a sales execution strategy can help a company take a product or service to market more efficiently and effectively by focusing on the customers that are key to generating revenue. Combined with techniques for recruiting effectively and measuring sales outcomes, a sales execution strategy helps technology startups exceed growth aspirations and potentially reduce or even eliminate the requirement for external investment. In this article, we first describe the focus of assistance currently given to startups and the reasons why sales execution strategies are often overlooked. Next, we outline recommendations for developing, implementing, and supporting a sales execution strategy. Finally, we summarize the key points presented in the article.

  17. Technology transfers, foreign investment and productivity spillovers: evidence from Vietnam

    DEFF Research Database (Denmark)

    Newman, Carol; Rand, John; Talbot, Theodore Purdendu

    FDI through vertical linkages along the supply chain. Our results suggest that domestic firms experience more productivity spillovers through forward linkages from foreign-input suppliers to domestic input users than through backward linkages from foreign customers to domestic producers of inputs......This paper provides new evidence on the relationship between foreign direct investment (FDI) and the productivity of domestic firms. Using a specially designed survey on a sample of over 7,500 manufacturing firms in Vietnam we uncover some of the mechanisms that explain productivity spillovers from...

  18. Evaluation of Representative Smart Grid Investment Grant Project Technologies: Thermal Energy Storage

    Energy Technology Data Exchange (ETDEWEB)

    Tuffner, Francis K.; Bonebrake, Christopher A.

    2012-02-14

    This document is one of a series of reports estimating the benefits of deploying technologies similar to those implemented on the Smart Grid Investment Grant (SGIG) projects. Four technical reports cover the various types of technologies deployed in the SGIG projects, distribution automation, demand response, energy storage, and renewables integration. A fifth report in the series examines the benefits of deploying these technologies on a national level. This technical report examines the impacts of energy storage technologies deployed in the SGIG projects.

  19. Returns on investments in energy-saving technologies under energy price uncertainty in Dutch greenhouse horticulture

    NARCIS (Netherlands)

    Diederen, P.J.M.; Tongeren, van F.W.; Veen, van der H.B.

    2003-01-01

    Conventional net present value calculations evaluating the profitability of investments in energy-saving technologies in Dutch horticultural outlays predict a much higher rate of adoption of these technologies than is actually observed. This paper tries to explain this gap by applying a real options

  20. Assessing the Economic and National Security Benefits from Publicly Funded Technology Investments: An IDA Round Table.

    Science.gov (United States)

    1995-09-01

    Narin, Francis; Olivastro, Dominic and Stevens, Kimberly A. " Bibliometrics / Theory , Practice, and Problems," Evaluation Review, vol. 18, no. 1...Partnerships (MEP) Program 46 Advanced Technology Program (ATP) 49 Technology Impact Measurement Issues 53 Session Three: Metrics For Multiple Policy...providing orderly information on the likely impact of proposed investments, based upon historical observation and experience. Metrics are also an

  1. Strategy development for anticipating and handling a disruptive technology.

    Science.gov (United States)

    Chan, Stephen

    2006-10-01

    The profession of radiology has greatly benefited from the introduction of new imaging technologies throughout its history. Therefore, it would seem reasonable for radiologists to believe that the emergence of a new imaging technology can generally be foreseen with sufficient advance notice to allow the appropriate levels of time, effort, and money to be devoted toward incorporating it into radiology practice. However, in his seminal work, Christiansen characterized a new form of technologic innovation, known as "disruptive technology," whose emergence often heralds the replacement of market leaders in an industry by competitors who are quicker in adopting and deploying the new technology. This article briefly describes the phenomenon of disruptive technology and addresses the challenges that organizations face in dealing with disruptive technology. The article raises 4 questions about the future of radiology: (1) Are health care and radiology vulnerable to disruptive technology? (2) What kinds of change may be in store for the radiology profession? (3) Can the radiology profession prepare itself to recognize and respond to a disruptive innovation among a group of new imaging technologies? and (4) How should a radiology organization decide whether to invest significant resources in a potentially disruptive technology? This article addresses these questions by reviewing key insights from leading "gurus" in the fields of competitive strategy and technology management and applying them to radiology. This illustrates how and why (despite past successes) the radiology profession may still have a blind spot in recognizing and handling disruptive technologies.

  2. Wave energy technology. Strategy for research, development and demonstration 2012; Boelgekraftteknologi. Strategi for forskning, udvikling og demonstration 2012

    Energy Technology Data Exchange (ETDEWEB)

    Nielsen, K.; Krogh, J.; Kofoed, J.P. [Aalborg Univ., Aalborg (Denmark); Jensen, N.E.H. [Energinet.dk, Fredericia (Denmark); Friis-Madsen, E. [Boelgekraftforeningen, Hurup (Denmark); Mikkelsen, B.V. [Hanstholm Havneforum (Denmark); Jensen, A. [DanWEC, Thisted (Denmark)

    2012-06-15

    The vision for Danish development of wave energy technology is that Danish industrial and commercial firms gain skills for marketing of competitive wave energy technologies in both the Danish and the international market. Utilization of wave power is a prerequisite for that there in the future can be built offshore energy parks at greater sea depths. The development of wave energy technology should from 2030 at the latest provide the opportunity for cost-effective, sustainable electricity from offshore energy parks in Denmark. This strategy contains a detailed development plan and overview of the investment required to achieve the expected technological development. The objective to produce 1500 GWh / year at a reduced price of 0.10 DKK / kWh compared to pure offshore wind power will require a public investment of approx. 1.5 billion DKK over the next 20 years. This investment will, at the reduced electricity production cost alone, be paid back in 10 years. (LN)

  3. DEA-BASED INVESTMENT STRATEGY AND ITS APPLICATION IN THE CROATIAN STOCK MARKET

    Directory of Open Access Journals (Sweden)

    Margareta Gardijan

    2012-12-01

    Full Text Available This paper describes the DEA-based investment strategy for constructing of a stock portfolio in the Croatian stock market. The relative efficiency of the DMUs, which are in this case the selected stocks from Zagreb Stock Exchange, is obtained from the output oriented CCR and BCC models. The set of inputs consists of risk measures, namely return variance, Value at Risk (VaR and beta coefficient $(\\beta$, while monthly return represents an output. Following the „efficiency scores“, obtained from the models, we construct a portfolio of DEA-efficient stocks (DEA-portfolio. This portfolio can be modified over time according to changes of the DMU's efficiency scores. By comparing the returns of the EA-portfolio and the market return during the given time period, the applicability of the investment strategy based on a DEA methodology, as a strategy for achieving superior returns, is estimated.

  4. A System Model of Increasing the Investment Potential of Technologically Unrelated Sectors

    Directory of Open Access Journals (Sweden)

    Melnyk Alexander G.

    2016-02-01

    Full Text Available The article presents a theoretical substantiation and the progress of practical application of the method for evaluating lagged effects of increasing the investment potential of interaction between industries in meso-level innovation systems on the example of the high-tech sector of Ukraine. The interaction data are considered in terms of their formation in such technologically unrelated sectors as the industrial sector and sector of education and sciences. It has been determined that the analytical basis to form the models of increasing the investment potential in innovation systems of meso-level should be presented by a comprehensive integrated assessment of all sectors involved in the reproduction process including technologically unrelated sectors of highly structured innovative systems. There has been proposed a system model of increasing the investment potential of the high-tech sector taking into account the optimization and synergy effects for system decisions concerning technologically unrelated sectors in economic systems of innovation type of reproduction.

  5. R&D Strategy of High Technology Industry

    Institute of Scientific and Technical Information of China (English)

    LuJia-hua; WangYan

    2003-01-01

    In a symmetrical static game model, this paper is mainly concerned with the research and development (R&D) strategy of the High Technology (HT) industry and the society' s optimal R&D level given the investment revenue. We obtain different investment decision with different amount of firms engaging in the R&D and each firm's expected profit respectively. When the risk (the probability each firm succeed) is not random, it's socially desirable to have more firm engaging in R&D if and only if the relationship among the invest cost, the probability and the prize satisfies some condition, that is, Eπs, (n)≥Eπs, (n- 1) Ⅰ≤α(1-α)π-1 V. When the R&D cost Ⅰ is certain, more prizes or higher probability will make more firms engage in the R&D and higher prize makes it's socially desirable to have more firm invest in R&D.

  6. Assessing the capital efficiency of healthcare information technologies investments: an econometric perspective.

    Science.gov (United States)

    Meyer, Rodolphe; Degoulet, Patrice

    2008-01-01

    To examine the different methods that can be used in the quantification of the added value of information technologies (IT) in the health care sector. This quantification represents a major issue for decision-makers and health care professionals when they have to plan an IT investment. Articles were chosen via Medline, internet and the University of Geneva bibliographic portal. Some of the papers were obtained directly from their authors. We examine the most current methods used to evaluate IT return on investment (ROI) in the general business and in the health care sector, drawing attention on methods traditionally used in macroeconomic studies that could reveal themselves disruptive for IT ROI impact evaluation in hospitals. Financial and accounting methods can provide interesting data on a specific IT project but are usually incomplete for revealing the global IT investment influence. Econometric methods tend to demonstrate the positive impact of health care IT (HIT) on hospital production and productivity. Hospitals having higher levels of IT investment tend to deliver a higher level of clinical quality and show improved hospital cost performances. Information technologies are so intermingled with people and processes that the identification of specific IT benefit remains questionable. Using macroeconomic tools could be the best way to analyze and compute IT ROI in health care. Econometric tools take into account all types investments (inputs) and all the returns (outputs) enabling the precise measurement of IT investments impact, breakeven points, and possible threshold levels, thus providing helpful intelligence to reach the higher levels of IT governance in hospitals.

  7. Investments in information systems and technology in the healthcare: Project management mediation

    Directory of Open Access Journals (Sweden)

    Jorge Gomes

    2017-03-01

    Full Text Available Healthcare organisations must improve their business practices and internal procedures in order to answer the increasing demand of health professionals and the general public for more and better information. Hospitals invest massively in information systems and technology (IS/IT in the hope that these investments will improve healthcare and meet patients’ demands. The main objective of our research is to study how organisational maturity, enhanced by investments in IS/IT, project management and best practices, leads to successful projects in public healthcare organisations. The rational of our model is that organisational maturity has a positive effect on IS/IT project success, and that this success is also positively enhanced by the use of project management practices. We emphasise that this combination of approaches can increase the effectiveness of projects. Furthermore, it can also improve the confidence that the results of investments will meet stakeholders’ expectations.

  8. Investing in Computer Technology: Criteria and Procedures for System Selection.

    Science.gov (United States)

    Hofstetter, Fred T.

    The criteria used by the University of Delaware in selecting the PLATO computer-based educational system are discussed in this document. Consideration was given to support for instructional strategies, requirements of the student learning station, features for instructors and authors of instructional materials, general operational characteristics,…

  9. Fostering Entrepreneurial Investment Decision in Medical Technology Ventures in a Changing Business Environment

    Directory of Open Access Journals (Sweden)

    Sonja Bettina Keppler

    2015-02-01

    Full Text Available This paper presents the results obtained from a survey among public and private venture capitalists from countries which attract a large amount of venture capital investment: Germany, Switzerland, Austria and Israel. The objective is to investigate venture capitalists’ investment criteria for medical technology ventures in the start-up or expansion phase. Since existing research evaluated venture capitalists’ general investment criteria, the aim of this study is to provide specific results on entrepreneurial investment decisions for the medical technology sector, which constantly attracted a significant share of European venture capital. The research used semi-structured interviews with 39 venture capitalists and experts. The results show that venture capitalists prefer to invest in companies which develop products for treating and diagnosing diseases showing a high prevalence and large market volumes, such as cardiovascular, metabolic and neurological diseases, and orthopaedic disorders. The study confirms that venture capitalists use a number of industry-specific criteria highly relevant in a changing business environment. These include a high medical need for the product, availability of clinical data, stage of European Conformity approval, high probability of receiving reimbursement from health insurances, medical key opinion leaders supporting technology, management’s regulatory experience and their communication ability with doctors and key opinion leaders.

  10. DEA-BASED INVESTMENT STRATEGY AND ITS APPLICATION IN THE CROATIAN STOCK MARKET

    OpenAIRE

    Margareta Gardijan; Vedran Kojić

    2012-01-01

    This paper describes the DEA-based investment strategy for constructing of a stock portfolio in the Croatian stock market. The relative efficiency of the DMUs, which are in this case the selected stocks from Zagreb Stock Exchange, is obtained from the output oriented CCR and BCC models. The set of inputs consists of risk measures, namely return variance, Value at Risk (VaR) and beta coefficient $(\\beta)$, while monthly return represents an output. Following the „efficiency scores“, obtained f...

  11. Network analysis to detect common strategies in Italian foreign direct investment

    Science.gov (United States)

    De Masi, G.; Giovannetti, G.; Ricchiuti, G.

    2013-03-01

    In this paper we reconstruct and discuss the network of Italian firms investing abroad, exploiting information from complex network analysis. This method, detecting the key nodes of the system (both in terms of firms and countries of destination), allows us to single out the linkages among firms without ex-ante priors. Moreover, through the examination of affiliates’ economic activity, it allows us to highlight different internationalization strategies of “leaders” in different manufacturing sectors.

  12. INTERNATIONALIZATION STRATEGIES OF THE BRAZILIAN MEAT AGRIBUSINESS SECTOR: EXPORTS OR DIRECT INVESTMENT ABROAD?

    Directory of Open Access Journals (Sweden)

    Eva Stal

    2010-11-01

    Full Text Available The article analyzes the internationalization strategies of the four largest Brazilian companies in the meat (beef, pork and poultry agribusiness sector, by considering the comparative and competitive advantages of the country and the companies. JBS, Marfrig, Sadia and Perdigão were studied, of which the last two merged in May 2009, forming Brasil Foods. The authors looked into what led these companies to start investing  abroad directly, as from 2005, as a complement to their exports, the preferred strategy for placing products in foreign markets. The research method used was the multiple case study, drawing on primary data (interviews, corporate annual reports, financial statements, press releases and shareholder information and secondary data (theses, dissertations, academic articles, reports in newspapers and business journals, using bibliographic and documentary research. Everything was analyzed in the light of international business and strategy theories. The results show that exports still predominate and that investing directly abroad was, in principle, a reactive strategy to sanitary barriers against Brazilian products. However, the acquisition of companies in restriction-free countries has increased as part of a forward-looking strategy for gaining access to new markets and strengthening brands. Key-words: Agribusiness. Internationalization. Strategy

  13. Aerospace Technology Curriculum Guide. Invest in Success. Vo. Ed. #260.

    Science.gov (United States)

    Idaho State Dept. of Education, Boise. Div. of Vocational Education.

    This document contains standards for an articulated secondary and postsecondary curriculum in aerospace technology. The curriculum standards can be used to ensure that vocational programs meet the needs of local business and industry. The first part of the document contains a task list and student performance standards for the aerospace technology…

  14. Department of Energy Recovery Act Investment in Biomass Technologies

    Energy Technology Data Exchange (ETDEWEB)

    None

    2010-11-01

    The American Recovery and Reinvestment Act of 2009 (Recovery Act) provided more than $36 billion to the Department of Energy (DOE) to accelerate work on existing projects, undertake new and transformative research, and deploy clean energy technologies across the nation. Of this funding, $1029 million is supporting innovative work to advance biomass research, development, demonstration, and deployment.

  15. Influence of regulatory uncertainty on capacity investments – Are investments in new technologies a risk mitigation measure?

    OpenAIRE

    Schwark, Bastian

    2009-01-01

    Understanding the investment decisions of power companies is vital for a regulator as particularly deficient investments in generation capacity could jeopardize the market in the long run. Considering potential risks that could hamper investments, the paper focuses on regulatory uncertainty and firms’ behavior to mitigate risk. The question of how uncertainty influences investment decisions has been explained by a number of researchers. In the specific case of regulatory uncertainty it is ag...

  16. Addressing Future Technology Challenges Through Innovation and Investment

    Science.gov (United States)

    2012-03-01

    thank my loving wife and children for their undying support during my fellowship and career to this point.   1   Chapter 1   Addressing...Future Technology Challenges: Innovate or Die!   I thoroughly disapprove of duels . If a man should challenge me, I would take him kindly and...forgivingly by the hand and lead him to a quiet place and kill him. - Mark Twain Duels are foolish. Mark Twain’s approach to conflict resolution is

  17. Investment appraisal of automatic milking and conventional milking technologies in a pasture-based dairy system.

    Science.gov (United States)

    Shortall, J; Shalloo, L; Foley, C; Sleator, R D; O'Brien, B

    2016-09-01

    The successful integration of automatic milking (AM) systems and grazing has resulted in AM becoming a feasible alternative to conventional milking (CM) in pasture-based systems. The objective of this study was to identify the profitability of AM in a pasture-based system, relative to CM herringbone parlors with 2 different levels of automation, across 2 farm sizes, over a 10-yr period following initial investment. The scenarios which were evaluated were (1) a medium farm milking 70 cows twice daily, with 1 AM unit, a 12-unit CM medium-specification (MS) parlor and a 12-unit CM high-specification (HS) parlor, and (2) a large farm milking 140 cows twice daily with 2 AM units, a 20-unit CM MS parlor and a 20-unit CM HS parlor. A stochastic whole-farm budgetary simulation model combined capital investment costs and annual labor and maintenance costs for each investment scenario, with each scenario evaluated using multiple financial metrics, such as annual net profit, annual net cash flow, total discounted net profitability, total discounted net cash flow, and return on investment. The capital required for each investment was financed from borrowings at an interest rate of 5% and repaid over 10-yr, whereas milking equipment and building infrastructure were depreciated over 10 and 20 yr, respectively. A supporting labor audit (conducted on both AM and CM farms) showed a 36% reduction in labor demand associated with AM. However, despite this reduction in labor, MS CM technologies consistently achieved greater profitability, irrespective of farm size. The AM system achieved intermediate profitability at medium farm size; it was 0.5% less profitable than HS technology at the large farm size. The difference in profitability was greatest in the years after the initial investment. This study indicated that although milking with AM was less profitable than MS technologies, it was competitive when compared with a CM parlor of similar technology.

  18. 77 FR 5865 - American Unity Investments, Inc., China Display Technologies, Inc., China Wind Energy, Inc., Fuda...

    Science.gov (United States)

    2012-02-06

    ... From the Federal Register Online via the Government Publishing Office ] SECURITIES AND EXCHANGE COMMISSION American Unity Investments, Inc., China Display Technologies, Inc., China Wind Energy, Inc., Fuda... current and accurate information concerning the securities of China Wind Energy, Inc. because it has...

  19. Dynamic programming to determine optimum investments in information technology on dairy farms

    NARCIS (Netherlands)

    Asseldonk, van M.A.P.M.; Huirne, R.B.M.; Dijkhuizen, A.A.; Beulens, A.J.M.

    1999-01-01

    The feasibility of integrating the information about a number of information technology (IT) applications on dairy farms is gaining interest because of the potential to improve economic results. In this study optimal investment patterns involving five IT applications are evaluated: (1) automated con

  20. Correlationally Assessing the Relationship of Information Technology Investments in Electronic Medical Records to Business Value

    Science.gov (United States)

    Richardson, Daniel J.

    2009-01-01

    The lag in information exchange and assimilation adoption experienced by modern primary care physicians in the conduct of evidence based medicine may be affecting health care system productivity and patient quality of care. Further, interest in whether or not information technology (IT) investments show an increase in business value has increased…

  1. Correlationally Assessing the Relationship of Information Technology Investments in Electronic Medical Records to Business Value

    Science.gov (United States)

    Richardson, Daniel J.

    2009-01-01

    The lag in information exchange and assimilation adoption experienced by modern primary care physicians in the conduct of evidence based medicine may be affecting health care system productivity and patient quality of care. Further, interest in whether or not information technology (IT) investments show an increase in business value has increased…

  2. Investigations of Properties of Wax Mixtures Used in the Investment Casting Technology – New Investigation Methods

    Directory of Open Access Journals (Sweden)

    J. Zych

    2012-09-01

    Full Text Available The results of testing of the selected group of wax mixtures used in the investment casting technology, are presented in the paper. Themeasurements of the kinetics of the mixtures shrinkage and changes of viscous-plastic properties as a temperature function wereperformed. The temperature influence on bending strength of wax mixtures was determined.

  3. A research proposal for investigating the effect of foreign direct investments on technology transfer in the Arabian Gulf (GCC)

    Science.gov (United States)

    Tahat, Kaher; Whelan, Susan

    2015-02-01

    In terms of hosting countries perspectives, Foreign Direct Investments (FDI) could have a positive effect on its developing economy, by transferring, both: resources of finance in addition to the international technology (ITT) (Choi, 1997). Multinational companies (MNC) are engaging in the transferring of the new technology, internally as well as licensing older one; they create "Spillover" (Knowledge) for facilitating the transfer of ITT in line with geographical location, period of investment, and the type of industry. Furthermore, the effect of these spillovers depends on the level of transferring this knowledge based on FDI attraction policies of the host country (Huang, 2009). Considering the Arabian Gulf council countries (GCC) as "FDI- rich hosting countries", who are not seeking for financial resources, i.e., they already have a huge financial capacity for funding their different projects, even though FDI has been powerfully presented in GCC . They saw noticeable increases in FDI inflows beginning in 2002, (www.unctad.org.fdistatistics). Therefore by assumption, FDI inflows to GCC could positively affect their economic growth through transferring the advanced technology, in order to build up their level of technology (productivity growth) as well as their economic diversification strategy. If so how this Knowledge could be diffused and measured in order to maximize its benefit and enhancing the productivity growth, and what is the current status of (GCC).

  4. Measuring the strategic value of information technology investments

    Energy Technology Data Exchange (ETDEWEB)

    Conrad, K.W. [Boeing Computer Services Co., Richland, WA (United States)

    1994-08-01

    Value is often perceived differently by the proponents of new information technologies and those who allocate resources and define priorities. Such differences often become a roadblock to meeting true business needs. Project justifications regularly rely on calculated cost savings, which rarely measure the full benefit of new technologies. In fact, if cost savings provide a complete picture, then the organization is probably just automating routine clerical operations and has abandoned efforts that would provide significant strategic value. Strategic value is not limited to financial calculations, but includes quality, time and risk criteria. This paper describes approaches for measuring strategic value that can provide organizations with proven techniques to improve performance, reengineer processes, benchmark performance against other suppliers, identify outsourcing opportunities, or defend themselves from pressures to outsource. Many organizations respond to tightening budgets by cutting overhead. These measurement approaches can demonstrate how overhead is critical to organizational effectiveness and how cost savings can be found, instead, by measurably improving performance throughout the organization. Finally, the paper describes efforts underway within the Department of Energy and at the Hanford Site to implement the approaches described in this paper.

  5. Investment and technology upgrade of milk powder producers: A comparative study of Chinese and Dutch firms

    OpenAIRE

    Zhou, Peng; Li, Dai

    2016-01-01

    The purpose of this paper is to analyse the feasibility of investing in a new milk powder factory, based on a case study of leading domestic producers in China and Netherlands. A key issue is the cost of the project, but a high cost does not mean it is not economically feasible, nor does a low cost guarantee the investment. Instead, systematic indicators should be used to associate the cost with profitability, returns to assets and corporate strategy. Limitations: It is worth noting that the ...

  6. When should irrigators invest in more water-efficient technologies as an adaptation to climate change?

    Science.gov (United States)

    Malek, K.; Adam, J. C.; Stockle, C.; Brady, M.; Yoder, J.

    2015-12-01

    The western US is expected to experience more frequent droughts with higher magnitudes and persistence due to the climate change, with potentially large impacts on agricultural productivity and the economy. Irrigated farmers have many options for minimizing drought impacts including changing crops, engaging in water markets, and switching irrigation technologies. Switching to more efficient irrigation technologies, which increase water availability in the crop root zone through reduction of irrigation losses, receives significant attention because of the promise of maintaining current production with less. However, more efficient irrigation systems are almost always more capital-intensive adaptation strategy particularly compared to changing crops or trading water. A farmer's decision to switch will depend on how much money they project to save from reducing drought damages. The objective of this study is to explore when (and under what climate change scenarios) it makes sense economically for farmers to invest in a new irrigation system. This study was performed over the Yakima River Basin (YRB) in Washington State, although the tools and information gained from this study are transferable to other watersheds in the western US. We used VIC-CropSyst, a large-scale grid-based modeling framework that simulates hydrological processes while mechanistically capturing crop water use, growth and development. The water flows simulated by VIC-CropSyst were used to run the RiverWare river system and water management model (YAK-RW), which simulates river processes and calculates regional water availability for agricultural use each day (i.e., the prorationing ratio). An automated computational platform has been developed and programed to perform the economic analysis for each grid cell, crop types and future climate projections separately, which allows us to explore whether or not implementing a new irrigation system is economically viable. Results of this study indicate that

  7. Review of NASA In-Space Propulsion Technology Program Inflatable Decelerator Investments

    Science.gov (United States)

    Richardson, E. H.; Mnk, M. M.; James, B. F.; Moon, S. A.

    2005-01-01

    The NASA In-Space Propulsion Technology (ISPT) Program is managed by the NASA Headquarters Science Mission Directorate and is implemented by the Marshall Space Flight Center in Huntsville, Alabama. The ISPT objective is to fund development of promising in-space propulsion technologies that can decrease flight times, decrease cost, or increase delivered payload mass for future science missions. Before ISPT will invest in a technology, the Technology Readiness Level (TRL) of the concept must be estimated to be at TRL 3. A TRL 3 signifies that the technical community agrees that the feasibility of the concept has been proven through experiment or analysis. One of the highest priority technology investments for ISPT is Aerocapture. The aerocapture maneuver uses a planetary atmosphere to reduce or alter the speed of a vehicle allowing for quick, propellantless (or using very little propellant) orbit capture. The atmosphere is used as a brake, transferring the energy associated with the vehicle's high speed into thermal energy. The ISPT Aerocapture Technology Area (ATA) is currently investing in the development of advanced lightweight ablative thermal protection systems, high temperature composite structures, and heat-flux sensors for rigid aeroshells. The heritage of rigid aeroshells extends back to the Apollo era and this technology will most likely be used by the first generation aerocapture vehicle. As a second generation aerocapture technology, ISPT is investing in three inflatable aerodynamic decelerator concepts for planetary aerocapture. They are: trailing ballute (balloon-parachute), attached afterbody ballute, and an inflatable aeroshell. ISPT also leverages the NASA Small Business Innovative Research Program for additional inflatable decelerator technology development. In mid-2004 ISPT requested an independent review of the three inflatable decelerator technologies funded directly by ISPT to validate the TRL and to identify technology maturation concerns. An

  8. Joint venture capital investment for clean technologies and their problems in developing countries.

    Science.gov (United States)

    Doelle, H W

    1996-09-01

    All technological developments are aimed at improving the quality of life of a community of people. Biotechnology is a technology which allows the exploitation of microorganisms, plants and animal cells to take place within an economic framework. Developing countries are looking for programmes achieving sustainable, economical growth conducive to a higher per capita income of the community. Any joint venture which promises social advances and economic benefits will have to be rural-based. This presentation discusses the need for a change in fermentation industry attitudes to allow joint venture capital investment in clean technologies together with the problems developing countries face for the implementation of such technologies.

  9. Investment Strategy in a Closed Loop Supply Chain: The Case of a Market with Competition between Two Retailers

    Directory of Open Access Journals (Sweden)

    Sungwook Yoon

    2017-09-01

    Full Text Available To survive in the ceaseless cycle of competition, businesses have developed strategies to become sustainable. These strategies include reusing products, which can lead not only to the creation of economic benefits but also to improvements in a corporation’s social and environmental responsibility. Product reuse can also increase the profit earned on new products by compensating customers who bring in old products to buy new ones, as the ensuing remanufacturing process allows for the reuse of materials and thus drives down costs. As businesses have come to recognize these values, the marketing competition to retrieve used products from customers has intensified. This research focuses on identifying effective compensation strategies to determine the appropriate advertising investment and trade-in value in a market where two homogeneous retailers compete. Retailers advertise to secure more customers to trade in their used products and to generate more trade-in sales than competitors do. A retailer’s results may vary according to its competitor’s investment strategy, which makes it useful to employ information on past competitor investment patterns to plan future investment strategies. However, as competitors using one another’s information may intensify the competition, better investment results could be obtained by ignoring competitor investment information. Therefore, this study suggests four competition strategies that determine the advertisement costs and trade-in allowance spent by retailers and discusses the difference in the profits obtained by the retailers under each of the four strategies.

  10. Upper Bounds for Ruin Probabilities under Stochastic Interest Rate and Optimal Investment Strategies

    Institute of Scientific and Technical Information of China (English)

    Jin Zhu LI; Rong WU

    2012-01-01

    In this paper,we study the upper bounds for ruin probabilities of an insurance company which invests its wealth in a stock and a bond.We assume that the interest rate of the bond is stochastic and it is described by a Cox-Ingersoll-Ross (CIR) model.For the stock price process,we consider both the case of constant volatility (driven by an O-U process) and the case of stochastic volatility (driven by a CIR model).In each case,under certain conditions,we obtain the minimal upper bound for ruin probability as well as the corresponding optimal investment strategy by a pure probabilistic method.

  11. Cognitive strategies regulate fictive, but not reward prediction error signals in a sequential investment task.

    Science.gov (United States)

    Gu, Xiaosi; Kirk, Ulrich; Lohrenz, Terry M; Montague, P Read

    2014-08-01

    Computational models of reward processing suggest that foregone or fictive outcomes serve as important information sources for learning and augment those generated by experienced rewards (e.g. reward prediction errors). An outstanding question is how these learning signals interact with top-down cognitive influences, such as cognitive reappraisal strategies. Using a sequential investment task and functional magnetic resonance imaging, we show that the reappraisal strategy selectively attenuates the influence of fictive, but not reward prediction error signals on investment behavior; such behavioral effect is accompanied by changes in neural activity and connectivity in the anterior insular cortex, a brain region thought to integrate subjective feelings with high-order cognition. Furthermore, individuals differ in the extent to which their behaviors are driven by fictive errors versus reward prediction errors, and the reappraisal strategy interacts with such individual differences; a finding also accompanied by distinct underlying neural mechanisms. These findings suggest that the variable interaction of cognitive strategies with two important classes of computational learning signals (fictive, reward prediction error) represent one contributing substrate for the variable capacity of individuals to control their behavior based on foregone rewards. These findings also expose important possibilities for understanding the lack of control in addiction based on possibly foregone rewarding outcomes.

  12. Leaders, laggards and technology seeking strategies

    NARCIS (Netherlands)

    Smeets, Roger; Bosker, E. M.

    2011-01-01

    We analyze the conditions determining optimal technology seeking strategies for leader and laggard firms. We extend existing theories by differentiating leaders and laggards in terms of absorptive capacity and intra-firm technology transfer skills, next to productivity levels. In addition, both Fore

  13. Solving Constrained Consumption-Investment Problems by Simulation of Artificial Market Strategies

    DEFF Research Database (Denmark)

    Bick, Björn; Kraft, Holger; Munk, Claus

    2013-01-01

    Utility-maximizing consumption and investment strategies in closed form are unknown for realistic settings involving portfolio constraints, incomplete markets, and potentially a high number of state variables. Standard numerical methods are hard to implement in such cases. We propose a numerical...... procedure that combines the abstract idea of artificial, unconstrained complete markets, well-known closed-form solutions in affine or quadratic return models, straightforward Monte Carlo simulation, and a standard iterative optimization routine. Our method provides an upper bound on the wealth......-equivalent loss compared to the unknown optimal strategy, and it facilitates our understanding of the economic forces at play by building on closed-form expressions for the strategies considered. We illustrate and test our method on the life-cycle problem of an individual who receives unspanned labor income...

  14. Divergent investment strategies of Acacia myrmecophytes and the coexistence of mutualists and exploiters.

    Science.gov (United States)

    Heil, Martin; González-Teuber, Marcia; Clement, Lars W; Kautz, Stefanie; Verhaagh, Manfred; Bueno, Juan Carlos Silva

    2009-10-27

    Ant-plant interactions represent a diversity of strategies, from exploitative to mutualistic, and how these strategies evolve is poorly understood. Here, we link physiological, ecological, and phylogenetic approaches to study the evolution and coexistence of strategies in the Acacia-Pseudomyrmex system. Host plant species represented 2 different strategies. High-reward hosts produced significantly more extrafloral nectar (EFN), food bodies, and nesting space than low-reward hosts, even when being inhabited by the same species of ant mutualist. High-reward hosts were more effectively defended against herbivores and exploited to a lower extent by nondefending ants than low-reward hosts. At the phenotypic level, secretion of EFN and ant activity were positively correlated and a mutualistic ant species induced nectar secretion, whereas a nondefending exploiter did not. All of these mechanisms contribute to the stable association of high-reward hosts with defending ant species. However, exploiter ants are less dependent on the host-derived rewards and can colonize considerable proportions of the low-reward hosts. Mapping these strategies onto phylogenetic trees demonstrated that the low-reward hosts represent the derived clade within a monophyletic group of obligate ant plants and that the observed exploiter ant species evolved their strategy without having a mutualistic ancestor. We conclude that both types of host strategies coexist because of variable net outcomes of different investment-payoff regimes and that the effects of exploiters on the outcome of mutualisms can, thus, increase the diversity within the taxa involved.

  15. Evaluation of Representative Smart Grid Investment Grant Project Technologies: Distributed Generation

    Energy Technology Data Exchange (ETDEWEB)

    Singh, Ruchi; Vyakaranam, Bharat GNVSR

    2012-02-14

    This document is one of a series of reports estimating the benefits of deploying technologies similar to those implemented on the Smart Grid Investment Grant (SGIG) projects. Four technical reports cover the various types of technologies deployed in the SGIG projects, distribution automation, demand response, energy storage, and renewables integration. A fifth report in the series examines the benefits of deploying these technologies on a national level. This technical report examines the impacts of addition of renewable resources- solar and wind in the distribution system as deployed in the SGIG projects.

  16. General strategy for development of fuel cell technology in Denmark; Overordnet strategi for udvikling af braendselscelleteknologi i Danmark

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2003-07-01

    This strategy memo on fuel cell technology R and D is prepared by the Danish Energy Authority, Elkraft System and Eltra. The objective of the strategy process is to ensure that publicly funded research is efficient and coordinated with commercial development efforts, and, furthermore, in line with societal objectives for energy related R and D. The first strategy phase focused on establishing an updated overview of Danish R and D regarding fuel cells and evaluation of the perspectives for future use. In the second phase the strategy for fuel cell technology presented in this memo was prepared. The strategy is general and includes two tracks, 'Solid Oxide Fuel Cells' (SOFC) and 'Proton Exchange Membrane Fuel Cells' (PEMFC). A general strategy for publicly funded fuel cell projects should contribute to establish overview and targeting throughout the programme in order to ensure the best possible coordination and efficient use of R and D investments. (BA)

  17. Equilibrium Time-Consistent Strategy for Corporate International Investment Problem with Mean-Variance Criterion

    Directory of Open Access Journals (Sweden)

    Jun Long

    2016-01-01

    Full Text Available We analyze a continuous-time model for corporate international investment problem (CIIP with mean-variance criterion. Based on Nash subgame perfect equilibrium theory, we define an infinitesimal operator and directly derive an extended Hamilton-Jacobi-Bellman (HJB equation. Besides, we also obtain the equilibrium time-consistent strategy for CIIP. In addition, we discuss two cases of risk aversion coefficient; one is constant and the other is state dependent. Finally, the simulation results are given to illustrate our conclusions and the influence of some parameters on the optimal solution.

  18. Decision Analysis Methods Used to Make Appropriate Investments in Human Exploration Capabilities and Technologies

    Science.gov (United States)

    Williams-Byrd, Julie; Arney, Dale C.; Hay, Jason; Reeves, John D.; Craig, Douglas

    2016-01-01

    NASA is transforming human spaceflight. The Agency is shifting from an exploration-based program with human activities in low Earth orbit (LEO) and targeted robotic missions in deep space to a more sustainable and integrated pioneering approach. Through pioneering, NASA seeks to address national goals to develop the capacity for people to work, learn, operate, live, and thrive safely beyond Earth for extended periods of time. However, pioneering space involves daunting technical challenges of transportation, maintaining health, and enabling crew productivity for long durations in remote, hostile, and alien environments. Prudent investments in capability and technology developments, based on mission need, are critical for enabling a campaign of human exploration missions. There are a wide variety of capabilities and technologies that could enable these missions, so it is a major challenge for NASA's Human Exploration and Operations Mission Directorate (HEOMD) to make knowledgeable portfolio decisions. It is critical for this pioneering initiative that these investment decisions are informed with a prioritization process that is robust and defensible. It is NASA's role to invest in targeted technologies and capabilities that would enable exploration missions even though specific requirements have not been identified. To inform these investments decisions, NASA's HEOMD has supported a variety of analysis activities that prioritize capabilities and technologies. These activities are often based on input from subject matter experts within the NASA community who understand the technical challenges of enabling human exploration missions. This paper will review a variety of processes and methods that NASA has used to prioritize and rank capabilities and technologies applicable to human space exploration. The paper will show the similarities in the various processes and showcase instances were customer specified priorities force modifications to the process. Specifically

  19. Calculation of Investments for the Distribution of GPON Technology in the village of Bishtazhin through database

    Directory of Open Access Journals (Sweden)

    MSc. Jusuf Qarkaxhija

    2013-12-01

    Full Text Available According to daily reports, the income from internet services is getting lower each year. Landline phone services are running at a loss,  whereas mobile phone services are getting too mainstream and the only bright spot holding together cable operators (ISP  in positive balance is the income from broadband services (Fast internet, IPTV. Broadband technology is a term that defines multiple methods of information distribution through internet at great speed. Some of the broadband technologies are: optic fiber, coaxial cable, DSL, Wireless, mobile broadband, and satellite connection.  The ultimate goal of any broadband service provider is being able to provide voice, data and the video through a single network, called triple play service. The Internet distribution remains an important issue in Kosovo and particularly in rural zones. Considering the immense development of the technologies and different alternatives that we can face, the goal of this paper is to emphasize the necessity of a forecasting of such investment and to give an experience in this aspect. Because of the fact that in this investment are involved many factors related to population, geographical factors, several technologies and the fact that these factors are in continuously change, the best way is, to store all the data in a database and to use this database for different results. This database helps us to substitute the previous manual calculations with an automatic procedure of calculations. This way of work will improve the work style, having now all the tools to take the right decision about an Internet investment considering all the aspects of this investment.

  20. News and Views: Perspectives on Graphene and Other 2D Materials Research and Technology Investments

    OpenAIRE

    Dresselhaus, Mildred; Ribeiro Soares, Jenaina

    2013-01-01

    With the actual experimental realization of graphene samples, it became possible not only to exploit the special physical properties of graphene but also to exploit its technological applications. As the field developed, the discovery of other 2D materials occurred and this opened up access to a plethora of combinations of a large variety of electrical, optical, mechanical, and chemical properties. Now there are large investments being made around the world to develop the graphene research ar...

  1. Evaluating the impact of investments in information technology on structural inertia in health organizations.

    Science.gov (United States)

    Bewley, Lee W

    2010-01-01

    Structural inertia is the overall capacity of an organization to adapt within a market environment. This paper reviews the impact of healthcare investments in information management/information technology (IM/IT) on the strategic management concept of structural inertia. Research indicates that healthcare executives should consider the relative state of structural inertia for their firms and match them with potential IM/IT solutions. Additionally, organizations should favorably consider IM/IT solutions that are comparatively less complex.

  2. How does the design of international environmental agreements affect investment in environmentally friendly technologies?

    OpenAIRE

    Bayramoglu, Basak

    2007-01-01

    URL des Documents de travail : http://centredeconomiesorbonne.univ-paris1.fr/documents-de-travail/; Documents de travail du Centre d'Economie de la Sorbonne 2007.30 - ISSN : 1955-611X; This paper studies the link between the design of international environmental agreements and the incentives for the private sector to invest in cleaner technologies. More specifically, it compares the performance, in the Pareto sense, of two types of agreement: an agreement on a uniform standard with transfers ...

  3. Free electron lasers for 13nm EUV lithography: RF design strategies to minimise investment and operational costs

    Science.gov (United States)

    Keens, Simon; Rossa, Bernhard; Frei, Marcel

    2016-03-01

    As the semiconductor industry proceeds to develop ever better sources of extreme ultraviolet (EUV) light for photolithography applications, two distinct technologies have come to prominence: Tin-plasma and free electron laser (FEL) sources. Tin plasma sources have been in development within the industry for many years, and have been widely reported. Meanwhile, FELs represent the most promising alternative to create high power EUV frequencies and, while tin-plasma source development has been ongoing, such lasers have been continuously developed by academic institutions for use in fundamental research programmes in conjunction with universities and national scientific institutions. This paper follows developments in the field of academic FELs, and presents information regarding novel technologies, specifically in the area of RF design strategy, that may be incorporated into future industrial FEL systems for EUV lithography in order to minimize the necessary investment and operational costs. It goes on to try to assess the cost-benefit of an alternate RF design strategy, based upon previous studies.

  4. Volatility measurement with directional change in Chinese stock market: Statistical property and investment strategy

    Science.gov (United States)

    Ma, Junjun; Xiong, Xiong; He, Feng; Zhang, Wei

    2017-04-01

    The stock price fluctuation is studied in this paper with intrinsic time perspective. The event, directional change (DC) or overshoot, are considered as time scale of price time series. With this directional change law, its corresponding statistical properties and parameter estimation is tested in Chinese stock market. Furthermore, a directional change trading strategy is proposed for invest in the market portfolio in Chinese stock market, and both in-sample and out-of-sample performance are compared among the different method of model parameter estimation. We conclude that DC method can capture important fluctuations in Chinese stock market and gain profit due to the statistical property that average upturn overshoot size is bigger than average downturn directional change size. The optimal parameter of DC method is not fixed and we obtained 1.8% annual excess return with this DC-based trading strategy.

  5. From the NSF: The National Science Foundation’s Investments in Broadening Participation in Science, Technology, Engineering, and Mathematics Education through Research and Capacity Building

    OpenAIRE

    2016-01-01

    The National Science Foundation (NSF) has a long history of investment in broadening participation (BP) in science, technology, engineering, and mathematics (STEM) education. A review of past NSF BP efforts provides insights into how the portfolio of programs and activities has evolved and the broad array of innovative strategies that has been used to increase the participation of groups underrepresented in STEM, including women, minorities, and persons with disabilities. While many are famil...

  6. Investment strategies used as spectroscopy of financial markets reveal new stylized facts.

    Directory of Open Access Journals (Sweden)

    Wei-Xing Zhou

    Full Text Available We propose a new set of stylized facts quantifying the structure of financial markets. The key idea is to study the combined structure of both investment strategies and prices in order to open a qualitatively new level of understanding of financial and economic markets. We study the detailed order flow on the Shenzhen Stock Exchange of China for the whole year of 2003. This enormous dataset allows us to compare (i a closed national market (A-shares with an international market (B-shares, (ii individuals and institutions, and (iii real traders to random strategies with respect to timing that share otherwise all other characteristics. We find in general that more trading results in smaller net return due to trading frictions, with the exception that the net return is independent of the trading frequency for A-share individual traders. We unveiled quantitative power laws with non-trivial exponents, that quantify the deterioration of performance with frequency and with holding period of the strategies used by traders. Random strategies are found to perform much better than real ones, both for winners and losers. Surprising large arbitrage opportunities exist, especially when using zero-intelligence strategies. This is a diagnostic of possible inefficiencies of these financial markets.

  7. Investment Strategies Used as Spectroscopy of Financial Markets Reveal New Stylized Facts

    Science.gov (United States)

    Zhou, Wei-Xing; Mu, Guo-Hua; Chen, Wei; Sornette, Didier

    2011-01-01

    We propose a new set of stylized facts quantifying the structure of financial markets. The key idea is to study the combined structure of both investment strategies and prices in order to open a qualitatively new level of understanding of financial and economic markets. We study the detailed order flow on the Shenzhen Stock Exchange of China for the whole year of 2003. This enormous dataset allows us to compare (i) a closed national market (A-shares) with an international market (B-shares), (ii) individuals and institutions, and (iii) real traders to random strategies with respect to timing that share otherwise all other characteristics. We find in general that more trading results in smaller net return due to trading frictions, with the exception that the net return is independent of the trading frequency for A-share individual traders. We unveiled quantitative power laws with non-trivial exponents, that quantify the deterioration of performance with frequency and with holding period of the strategies used by traders. Random strategies are found to perform much better than real ones, both for winners and losers. Surprising large arbitrage opportunities exist, especially when using zero-intelligence strategies. This is a diagnostic of possible inefficiencies of these financial markets. PMID:21935403

  8. Investment strategies used as spectroscopy of financial markets reveal new stylized facts.

    Science.gov (United States)

    Zhou, Wei-Xing; Mu, Guo-Hua; Chen, Wei; Sornette, Didier

    2011-01-01

    We propose a new set of stylized facts quantifying the structure of financial markets. The key idea is to study the combined structure of both investment strategies and prices in order to open a qualitatively new level of understanding of financial and economic markets. We study the detailed order flow on the Shenzhen Stock Exchange of China for the whole year of 2003. This enormous dataset allows us to compare (i) a closed national market (A-shares) with an international market (B-shares), (ii) individuals and institutions, and (iii) real traders to random strategies with respect to timing that share otherwise all other characteristics. We find in general that more trading results in smaller net return due to trading frictions, with the exception that the net return is independent of the trading frequency for A-share individual traders. We unveiled quantitative power laws with non-trivial exponents, that quantify the deterioration of performance with frequency and with holding period of the strategies used by traders. Random strategies are found to perform much better than real ones, both for winners and losers. Surprising large arbitrage opportunities exist, especially when using zero-intelligence strategies. This is a diagnostic of possible inefficiencies of these financial markets.

  9. The Mediating Effect of Innovation on the Relationship between Information Technology Investments and Firm Performance: An Empirical Study

    Science.gov (United States)

    Karanja, Erastus

    2011-01-01

    The last couple of decades has witnessed a plethora of research studies addressing the cause-and-effect relationship between Information Technology (IT) investments and performance at the firm level. These studies elicited mixed results between IT investments and performance which led to various points of view from IT Scholars and Practitioners.…

  10. Competitive strategies in adult beech and spruce: space-related foliar carbon investment versus carbon gain.

    Science.gov (United States)

    Reiter, I M; Häberle, K-H; Nunn, A J; Heerdt, C; Reitmayer, H; Grote, R; Matyssek, R

    2005-12-01

    In Central Europe, Fagus sylvatica and Picea abies represent contrasting extremes in foliage type, crown structure and length of growing season. In order to examine the competitive strategies of these two co-occurring species, we tested the following hypotheses: (1) the space occupied by the foliage of sun branches is characterized by greater foliar mass investment compared to shade branches, (2) the carbon (C) gain per unit of occupied space is greater in sun than in shade branches, and (3) annual C and water costs of the foliage for sustaining the occupied space are low, wherever C gain per unit of occupied space is low. These were investigated in a mature forest in Southern Germany. The examination was based on the annual assessment of space-related resource investments and gains of the foliage. The foliated space around branches was regarded as the relevant volume with respect to aboveground resource availability. Occupied crown space per standing foliage mass was higher in shade compared to sun branches of beech, whereas no difference existed in crown volume per foliage mass between sun and shade branches of spruce (hypothesis 1 accepted for beech but rejected for spruce). However, beech occupied more space per foliage mass than spruce. The C gain per occupied crown volume was greater in sun than in shade branches (hypothesis 2 accepted) but did not differ between species. The amount of occupied space per respiratory and transpiratory costs did not differ between species or between sun and shade branches. In beech and spruce, the proportion of foliage investment in the annual C balance of sun and shade branches remained rather stable, whereas respiratory costs distinctly increased in shade foliage. Hence, shade branches were costly structures to occupy space, achieving only low and even negative C balances (rejection of hypothesis 3), which conflicts with the claimed C autonomy of branches. Our findings suggest that competitiveness is determined by the

  11. News and Views: Perspectives on Graphene and Other 2D Materials Research and Technology Investments

    Science.gov (United States)

    Ribeiro-Soares, J.; Dresselhaus, M. S.

    2014-06-01

    With the actual experimental realization of graphene samples, it became possible not only to exploit the special physical properties of graphene but also to exploit its technological applications. As the field developed, the discovery of other 2D materials occurred and this opened up access to a plethora of combinations of a large variety of electrical, optical, mechanical, and chemical properties. Now there are large investments being made around the world to develop the graphene research area and to boost graphene use in technology. Here, we discuss current research and some future prospects for this area of layered nanomaterials.

  12. Advantage Management Strategy in Competition via Technological Race Perspective: Empirical Evidence from the Taiwanese Manufacturing Industry

    Directory of Open Access Journals (Sweden)

    Tsu-Yi Hung

    2014-01-01

    Full Text Available This study investigated the advantage management strategies of a firm regarding the technological race in the manufacturing sector. This is to reveal whether firms adopt a catch-up or leapfrogging strategy in the competition for innovation. The results show that competition is fierce in the Taiwanese manufacturing industry. Taiwanese manufacturing firms (mostly SMEs tend to adopt the “catch-up” strategy to keep up with their competitors in order to remain in the technological race. The result indicates that, under financial constraints, Taiwanese manufacturing firms attempt to invest in R&D to catch up with their rivals or to avoid being eliminated from the race.

  13. Advantage management strategy in competition via technological race perspective: empirical evidence from the Taiwanese manufacturing industry.

    Science.gov (United States)

    Hung, Tsu-Yi; Hsiao, Yu-Ju; Wu, Shih-Wei

    2014-01-01

    This study investigated the advantage management strategies of a firm regarding the technological race in the manufacturing sector. This is to reveal whether firms adopt a catch-up or leapfrogging strategy in the competition for innovation. The results show that competition is fierce in the Taiwanese manufacturing industry. Taiwanese manufacturing firms (mostly SMEs) tend to adopt the "catch-up" strategy to keep up with their competitors in order to remain in the technological race. The result indicates that, under financial constraints, Taiwanese manufacturing firms attempt to invest in R&D to catch up with their rivals or to avoid being eliminated from the race.

  14. Prioritizing Information Technology Investments: Assessing the Correlations among Technological Readiness, Information Technology Flexibility, and Information Technology Effectiveness

    Science.gov (United States)

    Walter, John T.

    2010-01-01

    Management's dilemma, when allocating financial resources towards the improvement of technological readiness and IT flexibility within their organizations, is to control financial risk and maximize IT effectiveness. Technological readiness is people's propensity to embrace and use technology. Its drivers are optimism, innovativeness, discomfort,…

  15. Strategies of offspring investment and dispersal in a spatially structured environment: a theoretical study using ants.

    Science.gov (United States)

    Cronin, Adam L; Loeuille, Nicolas; Monnin, Thibaud

    2016-02-05

    Offspring investment strategies vary markedly between and within taxa, and much of this variation is thought to stem from the trade-off between offspring size and number. While producing larger offspring can increase their competitive ability, this often comes at a cost to their colonization ability. This competition-colonization trade-off (CCTO) is thought to be an important mechanism supporting coexistence of alternative strategies in a wide range of taxa. However, the relative importance of an alternative and possibly synergistic mechanism-spatial structuring of the environment-remains the topic of some debate. In this study, we explore the influence of these mechanisms on metacommunity structure using an agent-based model built around variable life-history traits. Our model combines explicit resource competition and spatial dynamics, allowing us to tease-apart the influence of, and explore the interaction between, the CCTO and the spatial structure of the environment. We test our model using two reproductive strategies which represent extremes of the CCTO and are common in ants. Our simulations show that colonisers outperform competitors in environments subject to higher temporal and spatial heterogeneity and are favoured when agents mature late and invest heavily in reproduction, whereas competitors dominate in low-disturbance, high resource environments and when maintenance costs are low. Varying life-history parameters has a marked influence on coexistence conditions and yields evolutionary stable strategies for both modes of reproduction. Nonetheless, we show that these strategies can coexist over a wide range of life-history and environmental parameter values, and that coexistence can in most cases be explained by a CCTO. By explicitly considering space, we are also able to demonstrate the importance of the interaction between dispersal and landscape structure. The CCTO permits species employing different reproductive strategies to coexist over a wide

  16. Information Technology Project Portfolio and Strategy Alignment Assessment Based on Data Envelopment Analysis

    Directory of Open Access Journals (Sweden)

    Marisa Analía Sánchez

    2012-11-01

    Full Text Available Recent researches have shown that companies face considerable difficulties in assessing the strategy value contribution of Information Technology (IT investments. One of the major obstacles to achieving strategy alignment is that organizations find extremely difficult to link and quantify the IT investments benefits with strategic goals. The aim of this paper is to define an approach to assess portfolio-strategy alignment. To this end a formal specification of Kaplan and Norton Strategy Map is developed utilizing Unified Modeling Language (UML. The approach uses the Strategy Map as a framework for defining the portfolio value contribution and Data Envelopment Analysis (DEA is used as the methodology for measuring efficiency of project portfolios.DOI:10.5585/gep.v3i2.66

  17. Applying Internet-based Technologies to Teaching Corporate Finance and Investments

    Directory of Open Access Journals (Sweden)

    Zhuoming “Joe” Peng

    2006-01-01

    Full Text Available Finance faculty are increasingly encouraged to use internet-based technologies in teaching. This paper examines students’ perceptions of finance faculty who use internet-based technologies and the impact on their learning experiences in undergraduate introductory corporate finance, investments, and MBA investments courses. The results suggest that offering all course materials online may enhance students’ learning experiences, however, the technologies may be best thought of as teaching tools. A better methodology for a finance course delivery may be that of in-classroom interactions between an instructor and the students while all the pertinent course materials are available online throughout the semester. There is a statistically significant difference between MBA (Master of Business Administration students and undergraduate business students in terms of their desire to use the internet for learning finance. Consistent with previous research, results indicate that it may not be common practice among faculty to use internet-based technologies, and that assistant professors tend to use technologies in teaching more often than their higher-ranked colleagues do.

  18. STRATEGIC EXERCISE OF REAL OPTIONS:INVESTMENT DECISIONS IN TECHNOLOGICAL SYSTEMS

    Institute of Scientific and Technical Information of China (English)

    Kevin ZHU; John WEYANT

    2003-01-01

    Viewing investment projects in new technologies as real options, this paper studies the effects of endogenous competition and asymmetric information on the strategic exercise of real options. We first develop a multi-period, game-theoretic model and show how competition leads to early exercise and aggressive investment behaviors and how competition erodes option values. We then relax the typical full-information assumption found in the literature and allow information asymmetry to exist across firms. Our model shows, in contrast to the literature that payoff is independent of the ordering of exercise, that the sequential exercise of real options may generate both informational and payoff externalities. We also find some surprising but interesting results such as having more information is not necessarily better.

  19. Valuing hospital investment in information technology: does governance make a difference?

    Science.gov (United States)

    Parente, Stephen T; Van Horn, R Lawrence

    2006-01-01

    This article examines the investment of patient care information technology (IT) systems by a nationwide sample of U.S. short-term acute care hospitals and the resulting impact these systems have in the productivity of institutions from 1990-1998. Of particular interest is the extent to which for-profit and not-for-profit hospitals obtain different results from the adoption of lT systems. We find that the marginal effect of IT on for-profit hospital productivity is to reduce the number of days supplied, while in not-for-profit hospitals the marginal effect of IT is to increase the quantity of services supplied. This resulting effect is consistent with the differing objectives of not-for-profit and for-profit hospitals and demonstrates the positive marginal value of IT as a sustainable and prudent investment.

  20. Human Spaceflight Technology Needs - A Foundation for JSC's Technology Strategy

    Science.gov (United States)

    Stecklein, Jonette M.

    2013-01-01

    Human space exploration has always been heavily influenced by goals to achieve a specific mission on a specific schedule. This approach drove rapid technology development, the rapidity of which adds risks as well as provides a major driver for costs and cost uncertainty. The National Aeronautics and Space Administration (NASA) is now approaching the extension of human presence throughout the solar system by balancing a proactive yet less schedule-driven development of technology with opportunistic scheduling of missions as the needed technologies are realized. This approach should provide cost effective, low risk technology development that will enable efficient and effective manned spaceflight missions. As a first step, the NASA Human Spaceflight Architecture Team (HAT) has identified a suite of critical technologies needed to support future manned missions across a range of destinations, including in cis-lunar space, near earth asteroid visits, lunar exploration, Mars moons, and Mars exploration. The challenge now is to develop a strategy and plan for technology development that efficiently enables these missions over a reasonable time period, without increasing technology development costs unnecessarily due to schedule pressure, and subsequently mitigating development and mission risks. NASA's Johnson Space Center (JSC), as the nation s primary center for human exploration, is addressing this challenge through an innovative approach in allocating Internal Research and Development funding to projects. The HAT Technology Needs (TechNeeds) Database has been developed to correlate across critical technologies and the NASA Office of Chief Technologist Technology Area Breakdown Structure (TABS). The TechNeeds Database illuminates that many critical technologies may support a single technical capability gap, that many HAT technology needs may map to a single TABS technology discipline, and that a single HAT technology need may map to multiple TABS technology

  1. An Extended N-Player Network Game and Simulation of Four Investment Strategies on a Complex Innovation Network.

    Science.gov (United States)

    Zhou, Wen; Koptyug, Nikita; Ye, Shutao; Jia, Yifan; Lu, Xiaolong

    2016-01-01

    As computer science and complex network theory develop, non-cooperative games and their formation and application on complex networks have been important research topics. In the inter-firm innovation network, it is a typical game behavior for firms to invest in their alliance partners. Accounting for the possibility that firms can be resource constrained, this paper analyzes a coordination game using the Nash bargaining solution as allocation rules between firms in an inter-firm innovation network. We build an extended inter-firm n-player game based on nonidealized conditions, describe four investment strategies and simulate the strategies on an inter-firm innovation network in order to compare their performance. By analyzing the results of our experiments, we find that our proposed greedy strategy is the best-performing in most situations. We hope this study provides a theoretical insight into how firms make investment decisions.

  2. Can investments in health systems strategies lead to changes in immunization coverage?

    Science.gov (United States)

    Brenzel, Logan

    2014-04-01

    National immunization programs in developing countries have made major strides to immunize the world's children, increasing full coverage to 83% of children. However, the World Health Organization estimates that 22 million children less than five years of age are left unvaccinated, and coverage levels have been plateauing for nearly a decade. This paper describes the evidence on factors contributing to low vaccination uptake, and describes the connection between these factors and the documented strategies and interventions that can lead to changes in immunization outcomes. The author suggests that investments in these areas may contribute more effectively to immunization coverage and also have positive spill-over benefits for health systems. The paper concludes that while some good quality evidence exists of what works and may contribute to immunization outcomes, the quality of evidence needs to improve and major gaps need to be addressed.

  3. USING THE AHP METHODOLOGY TO EVALUATE STRATEGIC INVESTMENT ALTERNATIVES OF NEW PARADIGMS IN INFORMATION TECHNOLOGY

    Directory of Open Access Journals (Sweden)

    EMILIJA RISTOVA

    2012-02-01

    Full Text Available Enterprise adoption of a Product Life Cycle Management (PLM system is a multi-faceted process that can be simplified by choosing the right information technology (IT deployment model. Cloud computing has been described as a technological change brought about by the convergence of a number of new and existing technologies. The paper provides a review of the main developments in the AHP (Analytical Hierarchy Processmethodology as a tool for decision makers to be able to do more informed decisions regarding investments in new paradigms that IT offers. The AHP methodology is a multi-objective, multi criteria decision-making approach that employs a pair-wise comparison procedure to arrive at a scale of preferences among a set of alternatives. The selection process of the alternatives is not possible from the result of the financial analysis alone. Identification of the scalability and the risks assessment as criteria’s give us the comprehensiveness of the treated problem.

  4. The Baetylus Theorem-the central disconnect driving consumer behavior and investment returns in Wearable Technologies.

    Science.gov (United States)

    Levine, James A

    2016-08-01

    The Wearable Technology market may increase fivefold by the end of the decade. There is almost no academic investigation as to what drives the investment hypothesis in wearable technologies. This paper seeks to examine this issue from an evidence-based perspective. There is a fundamental disconnect in how consumers view wearable sensors and how companies market them; this is called The Baetylus Theorem where people believe (falsely) that by buying a wearable sensor they will receive health benefit; data suggest that this is not the case. This idea is grounded social constructs, psychological theories and marketing approaches. A marketing proposal that fails to recognize The Baetylus Theorem and how it can be integrated into a business offering has not optimized its competitive advantage. More importantly, consumers should not falsely believe that purchasing a wearable technology, improves health.

  5. The Baetylus Theorem—the central disconnect driving consumer behavior and investment returns in Wearable Technologies

    Science.gov (United States)

    Levine, James A.

    2016-01-01

    The Wearable Technology market may increase fivefold by the end of the decade. There is almost no academic investigation as to what drives the investment hypothesis in wearable technologies. This paper seeks to examine this issue from an evidence-based perspective. There is a fundamental disconnect in how consumers view wearable sensors and how companies market them; this is called The Baetylus Theorem where people believe (falsely) that by buying a wearable sensor they will receive health benefit; data suggest that this is not the case. This idea is grounded social constructs, psychological theories and marketing approaches. A marketing proposal that fails to recognize The Baetylus Theorem and how it can be integrated into a business offering has not optimized its competitive advantage. More importantly, consumers should not falsely believe that purchasing a wearable technology, improves health. PMID:27617162

  6. Investment appraisal for small CHP technology in biomass-fuel power plant

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1999-07-01

    The paper is essentially an investment appraisal for small CHP (combined heat and power) technology in biomass-fuel power plant and discusses and presents data on the combustion/steam cycle technologies to demonstrate the economic viability of CHP projects using established market costs for technology and employing energy crops as biomass fuel. The data is based on the UK, where electricity prices are low, but the overseas market (where prices are higher and there is potential for UK exports) is also discussed. The report aims to synthesise up-to-date technical and economic information on biomass-fuel CHP projects of small scale and focuses on technical and financial information on equipment, capital, construction and operating costs, and revenue streams.

  7. Guide for developing an information technology investment road map for population health management.

    Science.gov (United States)

    Hunt, Jacquelyn S; Gibson, Richard F; Whittington, John; Powell, Kitty; Wozney, Brad; Knudson, Susan

    2015-06-01

    Many health systems recovering from a massive investment in electronic health records are now faced with the prospect of maturing into accountable care organizations. This maturation includes the need to cooperate with new partners, involve substantially new data sources, require investment in additional information technology (IT) solutions, and become proficient in managing care from a new perspective. Adding to the confusion, there are hundreds of population health management (PHM) vendors with overlapping product functions. This article proposes an organized approach to investing in PHM IT. The steps include assessing the organization's business and clinical goals, establishing governance, agreeing on business requirements, evaluating the ability of current IT systems to meet those requirements, setting time lines and budgets, rationalizing current and future needs and capabilities, and installing the new systems in the context of a continuously learning organization. This article will help organizations chart their position on the population health readiness spectrum and enhance their chances for a successful transition from volume-based to value-based care.

  8. Does investment in leaf defenses drive changes in leaf economic strategy? A focus on whole-plant ontogeny.

    Science.gov (United States)

    Mason, Chase M; Donovan, Lisa A

    2015-04-01

    Leaf defenses have long been studied in the context of plant growth rate, resource availability, and optimal investment theory. Likewise, one of the central modern paradigms of plant ecophysiology, the leaf economics spectrum (LES), has been extensively studied in the context of these factors across ecological scales ranging from global species data sets to temporal shifts within individuals. Despite strong physiological links between LES strategy and leaf defenses in structure, function, and resource investment, the relationship between these trait classes has not been well explored. This study investigates the relationship between leaf defenses and LES strategy across whole-plant ontogeny in three diverse Helianthus species known to exhibit dramatic ontogenetic shifts in LES strategy, focusing primarily on physical and quantitative chemical defenses. Plants were grown under controlled environmental conditions and sampled for LES and defense traits at four ontogenetic stages. Defenses were found to shift strongly with ontogeny, and to correlate strongly with LES strategy. More advanced ontogenetic stages with more conservative LES strategy leaves had higher tannin activity and toughness in all species, and higher leaf dry matter content in two of three species. Modeling results in two species support the conclusion that changes in defenses drive changes in LES strategy through ontogeny, and in one species that changes in defenses and LES strategy are likely independently driven by ontogeny. Results of this study support the hypothesis that leaf-level allocation to defenses might be an important determinant of leaf economic traits, where high investment in defenses drives a conservative LES strategy.

  9. A case for Sandia investment in complex adaptive systems science and technology.

    Energy Technology Data Exchange (ETDEWEB)

    Colbaugh, Richard; Tsao, Jeffrey Yeenien; Johnson, Curtis Martin; Backus, George A.; Brown, Theresa Jean; Jones, Katherine A.

    2012-05-01

    This white paper makes a case for Sandia National Laboratories investments in complex adaptive systems science and technology (S&T) -- investments that could enable higher-value-added and more-robustly-engineered solutions to challenges of importance to Sandia's national security mission and to the nation. Complex adaptive systems are ubiquitous in Sandia's national security mission areas. We often ignore the adaptive complexity of these systems by narrowing our 'aperture of concern' to systems or subsystems with a limited range of function exposed to a limited range of environments over limited periods of time. But by widening our aperture of concern we could increase our impact considerably. To do so, the science and technology of complex adaptive systems must mature considerably. Despite an explosion of interest outside of Sandia, however, that science and technology is still in its youth. What has been missing is contact with real (rather than model) systems and real domain-area detail. With its center-of-gravity as an engineering laboratory, Sandia's has made considerable progress applying existing science and technology to real complex adaptive systems. It has focused much less, however, on advancing the science and technology itself. But its close contact with real systems and real domain-area detail represents a powerful strength with which to help complex adaptive systems science and technology mature. Sandia is thus both a prime beneficiary of, as well as potentially a prime contributor to, complex adaptive systems science and technology. Building a productive program in complex adaptive systems science and technology at Sandia will not be trivial, but a credible path can be envisioned: in the short run, continue to apply existing science and technology to real domain-area complex adaptive systems; in the medium run, jump-start the creation of new science and technology capability through Sandia's Laboratory Directed Research

  10. Technology Spillover and Licensing Strategy of Patentee

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    The optimal license proportions with and without technology spillover are analyzed with a game-theoretical approach when a patent-holding firm licensed non-drastic process innovation to his incumbent rivals by means of a first price sealed bid auction. The optimal strategy is obtained through solving the game by backward induction. It is found that the range of optimal license proportion is narrower when there is spillover compared to the no spillover case.

  11. GROWTH AND VENTURE CAPITAL INVESTMENT IN TECHNOLOGY-BASED SMALL FIRMS THE CASE OF HUNGARY

    Directory of Open Access Journals (Sweden)

    Becsky Nagy Patricia

    2014-07-01

    Full Text Available Venture capital backed enterprises represent a low proportion of companies, even of innovative ones. The research question was, whether these companies have an important role in innovation and economic growth in Hungary compared to other countries. In the first part of the article I present the theoretical background of technology-based small firms, highlighting the most important models and theories of the economic impact and the special development of innovative technology-oriented small firms. In the second part of the article I present the status of the most important indicators of innovation in connection with entrepreneurship, than I elaborate on the measures of start-ups, mainly the high-tech ones with high-growth potential. I describe the current position of venture capital industry, detailing the venture capital investments, with particular emphasis on classical venture capital investments that points out the number and the amount of venture capital investments financing early stage firms with high-growth potential. At the end I summarize the status of Hungarian technology-based small firms and their possibilities to get financial sources form venture capital investors, with regards to the status and the prospects of the JEREMIE program. In Hungary the number of internationally competitive firms, ready and willing to obtain venture capital, is much lower than in the US or Western European countries. Hungary could take advantage of its competitive edges in some special fields of innovation. The efficiency of information flow would reduce the information gap between the demand and the supply side of the venture capital market and more Hungarian firms could be internationally successful through venture capital financing. The recent years’ policy and special programs like JEREMIE generated more transactions, that helped to inform the entrepreneurs about venture capital and helped to co-invest public resources with private equity more

  12. Artificial intelligence and exponential technologies business models evolution and new investment opportunities

    CERN Document Server

    Corea, Francesco

    2017-01-01

    Artificial Intelligence is a huge breakthrough technology that is changing our world. It requires some degrees of technical skills to be developed and understood, so in this book we are going to first of all define AI and categorize it with a non-technical language. We will explain how we reached this phase and what historically happened to artificial intelligence in the last century. Recent advancements in machine learning, neuroscience, and artificial intelligence technology will be addressed, and new business models introduced for and by artificial intelligence research will be analyzed. Finally, we will describe the investment landscape, through the quite comprehensive study of almost 14,000 AI companies and we will discuss important features and characteristics of both AI investors as well as investments. This is the “Internet of Thinks” era. AI is revolutionizing the world we live in. It is augmenting the human experiences, and it targets to amplify human intelligence in a future not so distant from...

  13. The influence of ceramic fibre on thermal expansion of moulding materials for investment casting technology

    Directory of Open Access Journals (Sweden)

    Nadolski M.

    2009-04-01

    Full Text Available The results of dilatometric measurements presented in the paper are a supplement to the investigations concerning broadening thecomposition of ceramic slurry intended for investment casting technology with ceramic fibre matrix. An applying of fibre material and a change of rheologic characteristics of ceramic slurry have impelled to develop the method of applying the material to the pattern sets. The technology of multi-layer spraying has been found to be the most favourable method. Partial replacing of the grain silica materials with aluminosilicate materials in the fibrous form has affected the magnitude of dimensional changes taking place during the heating process. In order to determine the magnitude of these changes, there have been prepared slurries of various fibre fraction in the matrix and their thermal expansion has been examined within the temperature range of 273-1273 K

  14. Assessment of the possibility of utilisation of used ceramic moulds originated from the investment casting technology

    Directory of Open Access Journals (Sweden)

    M. Holtzer

    2009-04-01

    Full Text Available Review of wastes generated by investment casting technology and discussion on possibilities of disposal of the largest quantity waste from this technology - used ceramic mould is presented in the paper. Preliminary examinations of disintegration process of used ceramic mould conducted in various testing conditions were performed in the frame of presented research. Applied system of disintegration doesn’twarrant obtained material to be suitable for reuse in production of ceramic moulds. Investigations of the inter-phase boundary: ceramicmould-casting were performed to examine environmental harmfulness of used ceramic moulds. Additionally ecologic assessment of spentmoulds by means of it’s elution in the aspect of qualifying possibilities of it’s disposal were performed. Gained results qualify the waste from ceramic mould to storage in deposits for neutral wastes.

  15. Implementation strategies for incorporating new technologies into the dental practice.

    Science.gov (United States)

    Hakim, Foroud; Kachalia, Parag R

    2010-05-01

    Staying ahead of the technology curve is an ongoing challenge for all dentists. Ignoring advancements in technology and the related improvements in diagnostics and delivery of care, as well as the impact technology may have on productivity in practice, is simply not an option for the modern clinician who aims to maintain a successful contemporary practice. This article delivers some insight into the challenges that arise when upgrades in technology and the related acquisition investment are considered.

  16. Optimal technology choice and investment timing: A stochastic model of industrial cogeneration vs. heat-only production

    Energy Technology Data Exchange (ETDEWEB)

    Wickart, Marcel [Centre for Energy Policy and Economics (CEPE), Department of Management, Technology, and Economics, ETH Zurich, Zurichbergstrasse 18 (ZUE E), 8032 Zurich (Switzerland); Madlener, Reinhard [Centre for Energy Policy and Economics (CEPE), Department of Management, Technology, and Economics, ETH Zurich, Zurichbergstrasse 18 (ZUE E), 8032 Zurich (Switzerland) and DIW Berlin, Department of Information Society and Competition, Koenigin-Luise-Strasse 5, 14195 Berlin (Germany)]. E-mail: rmadlener@ethz.ch

    2007-07-15

    In this paper we develop an economic model that explains the decision-making problem under uncertainty of an industrial firm that wants to invest in a process technology. More specifically, the decision is between making an irreversible investment in a combined heat-and-power production (cogeneration) system, or to invest in a conventional heat-only generation system (steam boiler) and to purchase all electricity from the grid. In our model we include the main economic and technical variables of the investment decision process. We also account for the risk and uncertainty inherent in volatile energy prices that can greatly affect the valuation of the investment project. The dynamic stochastic model presented allows us to simultaneously determine the optimal technology choice and investment timing. We apply the theoretical model and illustrate our main findings with a numerical example that is based on realistic cost values for industrial oil- or gas-fired cogeneration and heat-only generation in Switzerland. We also briefly discuss expected effects of a CO{sub 2} tax on the investment decision.

  17. The evolution of different maternal investment strategies in two closely related desert vertebrates

    Science.gov (United States)

    Ennen, Joshua R.; Lovich, Jeffrey E.; Averill-Murray, Roy C.; Yackulic, Charles B.; Agha, Mickey; Loughran, Caleb; Tennant, Laura A.; Sinervo, Barry

    2017-01-01

    We compared egg size phenotypes and tested several predictions from the optimal egg size (OES) and bet-hedging theories in two North American desert-dwelling sister tortoise taxa, Gopherus agassizii and G. morafkai, that inhabit different climate spaces: relatively unpredictable and more predictable climate spaces, respectively. Observed patterns in both species differed from the predictions of OES in several ways. Mean egg size increased with maternal body size in both species. Mean egg size was inversely related to clutch order in G. agassizii, a strategy more consistent with the within-generation hypothesis arising out of bet-hedging theory or a constraint in egg investment due to resource availability, and contrary to theories of density dependence, which posit that increasing hatchling competition from later season clutches should drive selection for larger eggs. We provide empirical evidence that one species, G. agassizii, employs a bet-hedging strategy that is a combination of two different bet-hedging hypotheses. Additionally, we found some evidence for G. morafkai employing a conservative bet-hedging strategy. (e.g., lack of intra- and interclutch variation in egg size relative to body size). Our novel adaptive hypothesis suggests the possibility that natural selection favors smaller offspring in late-season clutches because they experience a more benign environment or less energetically challenging environmental conditions (i.e., winter) than early clutch progeny, that emerge under harsher and more energetically challenging environmental conditions (i.e., summer). We also discuss alternative hypotheses of sexually antagonistic selection, which arise from the trade-offs of son versus daughter production that might have different optima depending on clutch order and variation in temperature-dependent sex determination (TSD) among clutches. Resolution of these hypotheses will require long-term data on fitness of sons versus daughters as a function of

  18. 模糊环境下不对称企业的技术创新投资期权博弈分析%Option-Game Approach to Analyze Technology Innovation Investment With Cost Asymmetry Under the Fuzzy Environment

    Institute of Scientific and Technical Information of China (English)

    谭英双; 衡爱民; 龙勇; 吴宏伟; 江礼梅

    2011-01-01

    Basing on the asymmetric duopoly option-game model with investment cost asymmetry, this research discusses the present value of profit flows and the sunk investment costs for the trapezoidal fuzzy number, and Firms' technology innovation investment strategy is analyzed. It constructs followers, leaders of investment value and investment threshold of fuzzy expressions under the fuzzy environment to conduct numerical analysis. And it is concluded that there is still existing the best increasing investment strategy under fuzzy environment, with the development of the trapezoidal fuzzy number of the sunk cost of expected investment, the investment value of business declines, but the critical value for the investment ascends. This offers a kind of explanation to the investment strategies under the fuzzy environment.%本文在不对称双头垄断期权博弈模型基础上讨论了利润流现值和沉没投资成本为梯形模糊数的情形并进行了扩展,对企业技术创新投资策略进行了分析。构建了模糊环境下追随者、领导者的投资价值和投资临界值的模糊表达式并进行数值分析。分析表明模糊环境下仍存在最优投资策略,随着梯形模糊数的沉没投资成本期望值的增加,企业的投资价值下降而投资临界值上升。为模糊环境下投资决策提供了一种解释。

  19. Information technology strategy and alignment issues in health care organizations.

    Science.gov (United States)

    Iveroth, Einar; Fryk, Pontus; Rapp, Birger

    2013-01-01

    Information technology (IT) plays a key role in public health care management because it could improve quality, efficiency, and patient care. Researchers and practitioners repeatedly contend that a health care organization's information systems strategy should be aligned with its objectives and strategies, a notion commonly known as IT alignment. Actor-related IT alignment issues in health care institutions were explored in this study. More specifically, it explores the possibility of moving beyond the current IT alignment perspective and, in so doing, explores whether IT alignment-as currently conceptualized in the dominant body of research-is sufficient for attaining improved quality, efficiency, and patient care in health care organizations. The findings are based on a qualitative and longitudinal study of six health care organizations in the Stockholm metropolitan area. The empirical data were gathered over the 2005-2011 period from interviews, a focus group, observations, and archival material. The data suggest recurrent misalignments between IT strategy and organizational strategy and operations due to the failure to deconstruct the IT artifact and to the existence of various levels of IT maturity. A more complex picture of IT alignment in health care that goes beyond the current perspective is being offered by this study. It argues that the previously common way of handling IT as a single artifact and applying one IT strategy to the entire organizational system is obsolete. MANAGERIAL IMPLICATIONS: The article suggests that considerable benefits can be gained by assessing IT maturity and its impact on IT alignment. The article also shows that there are different kinds of IT in medical care that requires diverse decisions, investments, prioritizations, and implementation approaches.

  20. Understanding Information Technology Investment Decision-Making in the Context of Hotel Global Distribution Systems: a Multiple-Case Study

    OpenAIRE

    Connolly, Daniel J.

    1999-01-01

    UNDERSTANDING INFORMATION TECHNOLOGY INVESTMENT DECISION-MAKING IN THE CONTEXT OF HOTEL GLOBAL DISTRIBUTION SYSTEMS: A MULTIPLE-CASE STUDY by Daniel J. Connolly Dr. Michael D. Olsen, Chair Department of Hospitality and Tourism Management ABSTRACT This study investigates what three large, multinational hospitality companies do in practice when evaluating and making IT investment decisions. This study was launched in an attempt to 1) learn more about ...

  1. Cap-and-trade policy: The influence on investments in carbon dioxide reducing technologies in Indiana

    Science.gov (United States)

    Fahie, Monique

    With most of the energy produced in the state of Indiana coming from coal, the implementation of policy instruments such as cap-and-trade, which is included in the most recent climate bill, will have significant effects. This thesis provides an analysis of the effects that a cap-and-trade policy might have on the investment decisions for alternative technologies in the power plant sector in Indiana. Two economic models of representative coal-fired power plants, Gallagher (600MW) and Rockport (2600MW), are selected and used to evaluate the repowering decision of a plant for several technologies: integrated gasification combined cycle (IGCC), wind farm combined with natural gas combined cycle (NGCC) and supercritical pulverized coal (SCPC). The firm will make its decisions based on the net present value (NPV) of cost estimates for these CO2 reducing technologies, the cost of purchasing offsets and CO 2 allowances. This model is applied to a base case and three American Clean Energy and Security Act of 2009 cases derived from the Energy Information Administration (EIA, 2009b). A sensitivity analysis is done on the discount rate and capital costs. The results of the study indicate that a SCPC plant without carbon capture and storage (CCS) is the least costly compliance option for both plants under all of the cases while retrofitting the existing plant with CCS is the most expensive. Gallagher's three least expensive options across most scenarios were SCPC without CCS, the operation of the existing plant as is and investment in wind plus NGCC. Rockport's three least expensive compliance options across most scenarios were SCPC without CCS, the operation of the existing plant as is and IGCC without CCS. For both plants, when a 12% discount rate is utilized, NPV of costs are generally lower and the operation of the existing plant technology with the aid of allowances and offsets to be in compliance is the cheapest option. If capital costs were to decrease by 30%, a SCPC

  2. THE DECISION OF INVESTING IN INFORMATION AND COMMUNICATION TECHNOLOGY IN SMALL AND MEDIUM ENTERPRISES

    Directory of Open Access Journals (Sweden)

    Javier García DÍEZ

    2016-08-01

    Full Text Available A diagnostic tool on the decision of investing in Information and Communication Technology (ICT in small and medium enterprises (SME suggested in Judith Redoli et al. (2008, showed its usefulness helping to understand how an enterprise uses ICT and ‘‘how’’ and ‘‘when’’ a company should incorporate new technological elements. The model was applied successfully in the assessment of 500 SME; as a result a technology deployment project was given to each enterprise in which a priority project was also defined. This short paper presents the second part of that study: a second assessment was made to those SME oriented to detect whether the enterprises on which the analysis was conducted did achieve the deployment of the technologies identified within six months, and the relationship between this fact and the existence of an associated grant. On the other hand, in this research the correlation between the priority project established in the first assessment and the one that was finally completed was demonstrated.

  3. Potential Opportunities for Investment in Space Technologies in Latin-America: a Case for Mexico

    Science.gov (United States)

    Sanchez, G.

    2002-01-01

    Student, Master of Space Studies. International Space University. Strasbourg Central The objective of this paper is to analyze the possible commercial benefits that the global manufacturing space industry could obtain by investing in Latin-American countries. Spacecraft manufacturers have recently been complaining about small margins. They claim that customers demand technological advancement at the same time as they push for quick delivery and competitive prices. They also argue that operators (their main customers) do have great profits. Thus, manufacturers would like to raise the prices of their spacecraft (SpaceNews. January 7, 2002. P.17). This may sound logical, but it would be interesting to analyze if the industry could find alternative ways of saving money while remaining competitive. Mexico is a good example of a Latin-American country that has received foreign investment for establishing manufacturing and assembly plants for different industries. This has been mainly due to two special characteristics of the Mexican manufacturing workforce: low labor costs and qualified, reliable human resources. As a result, Mexican manufacturing industry has acquired a solid reputation worldwide. A similar story can be told about other industries such as electronics, computer assembly, clothes, etc. It is probably worth to make an analogy with a labor-demanding industry that already has experience in the Mexican market: the car industry has found a formula to keep manufacturing costs low while maintaining production and quality levels. Mexico currently manufactures and assembles cars for European, Japanese and American companies for the international market. If the same success story could be repeated for the spacecraft manufacturing industry, the benefits would be enormous. Manufacturers could consider relocating their plants to Mexico to manufacture and test parts or entire spacecraft. This would help reduce the cost of human labor, especially because of the long

  4. Educational Cognitive Technologies as Human Adaptation Strategies

    Directory of Open Access Journals (Sweden)

    Marja Nesterova

    2017-07-01

    Full Text Available Modernity is characterized by profound changes in all spheres of human life caused by the global transformations on macro and micro levels of social reality. These changes allow us to speak about the present as the era of civilizational transition in the mode of uncertainty. Therefore, this situation demands qualitative transformations of human adaptive strategies and educational technologies accordingly. The dominant role in the dynamics of pedagogics and andragogy’s landscape belongs to transformative learning. The transformative learning theory is considered as the relevant approach to education of the individual, which is able to become an autonomous communicative actor of the social complexity. The article considers the cognitive technologies of social cohesion development and perspectives of their implementation in the educational dimension. In addition to implementing the principles of inclusion, equity in education, an important factor for improving social cohesion, stability and unity of society is the development of cognitive educational technologies. The key factors and foundations for the cognitive educational technologies are transversal competencies. They create the conditions for civil, public dialogue, non-violent type of communication. These “21st century skills” are extremely important for better human adaptation. One of the aspects and roots of social adaptation is social cohesion. Mutual determinations and connections between social cohesion development and transversal competences have been shown. The perspective direction of further researches is to find a methodological base for the further development of cognitive education technologies and platform for realization of innovative services for educational programs. New educational paradigm offers the concept of human adaptation as cognitive effectiveness and how to reach it through educational technologies. The article includes topics of creative thinking, teambuilding

  5. Investments on a Rugged Landscape: The Effect of Investor Population, Network Structure, and Complexity on Technological Change

    DEFF Research Database (Denmark)

    Hain, Daniel; Mas Tur, Elena

    in a specific technological domain. We compare which investor network structures lead to the high rates of technological change and diversity on a given technology landscape. Results from a Monte Carlo simulation indicate networked investor population to outperform the case of isolated stand-alone investors......, in terms of investor benefits as well as achieved technological change. Yet, we also find evidence for the existence of a financial “valley of death” - a certain stage in the technology life-cycle where its characteristics discourage further investments, thereby making the technology likely to “die” due...

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

    Science.gov (United States)

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

    2016-12-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2006-10-15

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

  8. Valuation of clean energy investments: The case of the Zero Emission Coal (ZEC) technology

    Science.gov (United States)

    Yeboah, Frank Ernest

    Today, coal-fired power plants produce about 55% of the electrical energy output in the U.S. Demand for electricity is expected to grow in future. Coal can and will continue to play a substantial role in the future global energy supply, despite its high emission of greenhouse gases (e.g. CO2 etc.) and low thermal energy conversion efficiency of about 37%. This is due to the fact that, it is inexpensive and global reserves are abundant. Furthermore, cost competitive and environmentally acceptable energy alternatives are lacking. New technologies could also make coal-fired plants more efficient and environmentally benign. One such technology is the Zero Emission Carbon (ZEC) power plant, which is currently being proposed by the ZECA Corporation. How much will such a technology cost? How competitive will it be in the electric energy market when used as a technology for mitigating CO2 emission? If there were regulatory mechanisms, such as carbon tax to regulate CO2 emission, what would be the minimum carbon tax that should be imposed? How will changes in energy policy affect the implementation of the ZEC technology? How will the cost of the ZEC technology be affected, if a switch from coal (high emission-intensive fuel) to natural gas (low emission-intensive fuel) were to be made? This work introduces a model that can be used to analyze and assess the economic value of a ZEC investment using valuation techniques employed in the electric energy industry such as revenue requirement (e.g. cost-of-service). The study concludes that the cost of service for ZEC technology will be about 95/MWh at the current baseline scenario of using fuel cell as the power generation system and coal as the primary fuel, and hence will not be competitive in the energy markets. For the technology to be competitive, fuel cell capital cost should be as low as 500/kW with a lifetime of 20 years or more, the cost of capital should be around 10%, and a carbon tax of 30/t of CO2 should be in place

  9. High Return on Investments in Scientist-Educator Partnerships: Broader Impact Strategies That Endure and Propagate

    Science.gov (United States)

    Peach, C. L.; Franks, S. E.

    2004-12-01

    Tackling the broader impact section of a research proposal need not be a dilemma that "rears its ugly head" with each proposal deadline. By investing in partnerships with informal science education (ISE) organizations, researchers can establish a foundation for efficient, high quality, research-based educational outreach (EO) that can help them fulfill their broader impact obligations for years to come. Just as an interdisciplinary research project requires collaboration among scientists from a variety of disciplines, a research project with exemplary EO requires partnerships with those who specialize in science education. By engaging in such partnerships scientists gain access to professionals who have expertise in translating research topics into concept-centered programs, exhibits and online resources, and to the diverse student, teacher and public audience reached through ISE. By leveraging the intellectual and material resources of researchers and educators, these potentially long-lived relationships provide an efficient and effective means for achieving broader impact. Ultimately, the efficacy of this investment strategy depends on relieving the researcher of the time consuming burden of seeking out appropriate partners, initiating partnerships and conferring with science educators on potential projects. Recognizing this barrier to scientists' participation, the California Center for Ocean Sciences Education Excellence (CACOSEE) has adopted a unique approach - one in which CACOSEE serves primarily as a catalyst and facilitator of researchers EO activities rather than as an EO provider. We have apprised ourselves of the programs, interests and needs of a carefully selected group of ISE organizations and used this information as the basis for creating a spectrum of EO opportunities for researchers. These options are flexible, scalable and easily customized to fit the research interests, time constraints and budgetary limitations of any researcher. Through e

  10. Analysis prediction of Indonesian banks (BCA, BNI, MANDIRI) using adaptive neuro-fuzzy inference system (ANFIS) and investment strategies

    Science.gov (United States)

    Trianto, Andriantama Budi; Hadi, I. M.; Liong, The Houw; Purqon, Acep

    2015-09-01

    Indonesian economical development is growing well. It has effect for their invesment in Banks and the stock market. In this study, we perform prediction for the three blue chips of Indonesian bank i.e. BCA, BNI, and MANDIRI by using the method of Adaptive Neuro-Fuzzy Inference System (ANFIS) with Takagi-Sugeno rules and Generalized bell (Gbell) as the membership function. Our results show that ANFIS perform good prediction with RMSE for BCA of 27, BNI of 5.29, and MANDIRI of 13.41, respectively. Furthermore, we develop an active strategy to gain more benefit. We compare between passive strategy versus active strategy. Our results shows that for the passive strategy gains 13 million rupiah, while for the active strategy gains 47 million rupiah in one year. The active investment strategy significantly shows gaining multiple benefit than the passive one.

  11. Technology Marketing using PCA , SOM, and STP Strategy Modeling

    OpenAIRE

    Sunghae Jun

    2011-01-01

    Technology marketing is a total processing about identifying and meeting the technological needs of human society. Most technology results exist in intellectual properties like patents. In our research, we consider patent document as a technology. So patent data are analyzed by Principal Component Analysis (PCA) and Self Organizing Map (SOM) for STP(Segmentation, Targeting, and Positioning) strategy modeling. STP is a popular approach for developing marketing strategies. We use STP strategy m...

  12. The deformation of wax patterns and castings in investment casting technology

    Directory of Open Access Journals (Sweden)

    A. Herman

    2012-01-01

    Full Text Available The dimensional accuracy of the final casting of Inconel alloy 738 LC is affected by many aspects. One of them is the choice of method and time of cooling wax model for precision investment casting. The main objective was to study the initial deformation of the complex shape of the casting of the rotor blades. Various approaches have been tested for cooling wax pattern. When wax models are cooling on the air, without clamping in jig for cooling, deviations from the ideal shape of the casting are very noticeable (up to 8 mm and most are in extreme positions of the model. When blade is cooled in fixing jig in water environment, the resulting deviations compared with cooling in air are significantly larger, sometimes up to 10 mm. This itself does not mean that the final shape of the casting is dimensionally more accurate with usage of wax models, which have deviations from the ideal position smaller. Another deformation occurs when shell mould is produced around wax pattern and furthermore deformations emerge while casting of blade is cooling. This paper demonstrates first steps in describing complex process of deformations of Inconel alloy blades produced with investment casting technology by comparing results from thermal imagery, simulations in foundry simulation software ProCAST 2010 and measurements from CNC scanning system Carl Zeiss MC 850. Conclusions are so far not groundbreaking, but it seems deformations of wax pattern and deformations of castings do in some cases cancel each other by having opposite directions. Describing entirely whole process of deformations will help increase precision of blade castings so that models at the beginning and blades in the end are the same.

  13. Lyndon B. Johnson Space Center (JSC) proposed dual-use technology investment program in intelligent robots

    Science.gov (United States)

    Erikson, Jon D.

    1994-01-01

    This paper presents an overview of the proposed Lyndon B. Johnson Space Center (JSC) precompetitive, dual-use technology investment project in robotics. New robotic technology in advanced robots, which can recognize and respond to their environments and to spoken human supervision so as to perform a variety of combined mobility and manipulation tasks in various sectors, is an obejective of this work. In the U.S. economy, such robots offer the benefits of improved global competitiveness in a critical industrial sector; improved productivity by the end users of these robots; a growing robotics industry that produces jobs and profits; lower cost health care delivery with quality improvements; and, as these 'intelligent' robots become acceptable throughout society, an increase in the standard of living for everyone. In space, such robots will provide improved safety, reliability, and productivity as Space Station evolves, and will enable human space exploration (by human/robot teams). The proposed effort consists of partnerships between manufacturers, universities, and JSC to develop working production prototypes of these robots by leveraging current development by both sides. Currently targeted applications are in the manufacturing, health care, services, and construction sectors of the U.S. economy and in the inspection, servicing, maintenance, and repair aspects of space exploration. But the focus is on the generic software architecture and standardized interfaces for custom modules tailored for the various applications allowing end users to customize a robot as PC users customize PC's. Production prototypes would be completed in 5 years under this proposal.

  14. The behavioural aspect of green technology investments: A general positive model in the context of heterogeneous agents

    NARCIS (Netherlands)

    Knobloch, F.; Mercure, J.F.A.

    2016-01-01

    Studies report that firms do not invest in cost-effective green technologies. While economic barriers can explain parts of the gap, behavioural aspects cause further under-valuation. This could be partly due to systematic deviations of decision-making agents’ perceptions from normative benchmarks, a

  15. The Analysis on Strategies of Personal Investment in Shares%个股投资决策初探

    Institute of Scientific and Technical Information of China (English)

    王会芹

    2011-01-01

    随着我国经济的不断发展,人民生活水平的日益提高,个股投资理财已成为日益重要的问题,个股投资理财是针对风险进行个人资财的有效投资,以使财富保值、增值。本文通过对我国股市的研究,分析个人投资股票的策略与方法,探讨个人投资理财如何获取收益及风险的规避,希望对个人投资理财有所帮助。%With the rapid development of economy and the improvement of people's living standard, it is very important for people to have a personal investment in shares. Personal investment in shares has been an effective way to prevent all kinds of risks. At the same time, it can make your money keep its value, even increase value. By studying share market of our cnuntry and analyzing the strategies and ways of personal investment in shares ,we will explore the methods of getting profit as well as rules to prevent from certain risks in that field. I hope it will do some help when people invest and manage their money.

  16. THEORETICAL AND PRACTICAL CONSIDERATIONS REGARDING THE IMPORTANCE OF INVESTMENT IN TECHNOLOGY AND INFORMATION IN THE PROCESS OF ECONOMIC GROWTH

    Directory of Open Access Journals (Sweden)

    CEAUSESCU IONUT

    2013-02-01

    Full Text Available The main purpose of this study is to capture based on new theories of economic growth in the knowledge, based economic development, the importance of investing in information are as a new factor of production, we propose a different treatment of essential identifiable knowledge structures: technologies and information .. Meanwhile, the article aims to capture the role that information plays in this highly complex process of economic growth. I realized through this expose, a representation of specific investments in information behavior and reasoning phenomena sustainable development concepts.

  17. The value from investments in health information technology at the U.S. Department of Veterans Affairs.

    Science.gov (United States)

    Byrne, Colene M; Mercincavage, Lauren M; Pan, Eric C; Vincent, Adam G; Johnston, Douglas S; Middleton, Blackford

    2010-04-01

    We compare health information technology (IT) in the Department of Veterans Affairs (VA) to norms in the private sector, and we estimate the costs and benefits of selected VA health IT systems. The VA spent proportionately more on IT than the private health care sector spent, but it achieved higher levels of IT adoption and quality of care. The potential value of the VA's health IT investments is estimated at $3.09 billion in cumulative benefits net of investment costs. This study serves as a framework to inform efforts to measure and calculate the benefits of federal health IT stimulus programs.

  18. 谈煤矿建设项目投资控制的对策与建议%On strategies and suggestions for investment control of coal mine construction programs

    Institute of Scientific and Technical Information of China (English)

    段大文

    2012-01-01

    针对煤矿建设项目投资的特点,探讨了煤矿建设项目投资控制的对策,提出应遵循以设计阶段为重点的建设全过程投资控制、实施主动控制、技术与经济相结合进行投资控制三项原则,利用科学管理方法和先进管理手段,合理确定造价,有效控制投资,从而提高煤矿企业的投资效益。%According to the features of the investment for the coal mine construction programs, the paper explores the strategies for the investment control of the coal mine construction programs, points out the three principles for the investment control for the whole-process investment control, the aetive control implementation, and the combination between the technology and economy with the main points for the design stage, adopts the scientific management methods, advanced management measures to have the reasonable costs and control the investment effectively, and improve the investment benefits for the coal mine enterprises.

  19. DIFFICULTIES IN BUSINESS VALUATION ISSUE IN THE CONTEXT OF INVESTMENT STRATEGIES

    Directory of Open Access Journals (Sweden)

    CLAUDIU OPRESCU

    2015-10-01

    Full Text Available Value is the defining dimension of measurement in a market economy. People invest in the expectation that when they sell, the value of each investment will have grown by a sufficient amount above its cost to compensate them for the risk they took. This is true for all types of investments, be they bonds, derivatives, bank accounts, or company shares. Indeed, in a market economy, a company’s ability to create value for its shareholders and the amount of value it creates are the chief measures by which it is judged. Value is a particularly helpful measure of performance because it takes into account the long-term interests of all the stakeholders in a company, not just the shareholders.

  20. Evaluating the enhancement and improvement of China's technology and financial services platform innovation strategy.

    Science.gov (United States)

    Wu, Ching-Sung; Hu, Kuang-Hua; Chen, Fu-Hsiang

    2016-01-01

    The development of high-tech industry has been prosperous around the world in past decades, while technology and finance have already become the most significant issues in the information era. While high-tech firms are a major force behind a country's economic development, it requires a lot of money for the development process, as well as the financing difficulties for its potential problems, thus, how to evaluate and establish appropriate technology and financial services platforms innovation strategy has become one of the most critical and difficult issues. Moreover, how the chosen intertwined financial environment can be optimized in order that high-tech firms financing problems can be decided has seldom been addressed. Thus, this research aims to establish a technology and financial services platform innovation strategy improvement model, as based on the hybrid MADM model, which addresses the main causal factors and amended priorities in order to strengthen ongoing planning. A DEMATEL technique, as based on Analytic Network Process, as well as modified VIKOR, will be proposed for selecting and re-configuring the aspired technology and financial services platform. An empirical study, as based on China's technology and financial services platform innovation strategy, will be provided for verifying the effectiveness of this proposed methodology. Based on expert interviews, technology and financial services platforms innovation strategy improvement should be made in the following order: credit guarantee platform (C)_credit rating platform (B)_investment and finance platform (A).

  1. Sustainable Phosphorus Measures: Strategies and Technologies for Achieving Phosphorus Security

    Directory of Open Access Journals (Sweden)

    Stuart White

    2013-01-01

    Full Text Available Phosphorus underpins the world’s food systems by ensuring soil fertility, maximising crop yields, supporting farmer livelihoods and ultimately food security. Yet increasing concerns around long-term availability and accessibility of the world’s main source of phosphorus—phosphate rock, means there is a need to investigate sustainable measures to buffer the world’s food systems against the long and short-term impacts of global phosphorus scarcity. While the timeline of phosphorus scarcity is contested, there is consensus that more efficient use and recycling of phosphorus is required. While the agricultural sector will be crucial in achieving this, sustainable phosphorus measures in sectors upstream and downstream of agriculture from mine to fork will also need to be addressed. This paper presents a comprehensive classification of all potential phosphorus supply- and demand-side measures to meet long-term phosphorus needs for food production. Examples range from increasing efficiency in the agricultural and mining sector, to technologies for recovering phosphorus from urine and food waste. Such measures are often undertaken in isolation from one another rather than linked in an integrated strategy. This integrated approach will enable scientists and policy-makers to take a systematic approach when identifying potential sustainable phosphorus measures. If a systematic approach is not taken, there is a risk of inappropriate investment in research and implementation of technologies and that will not ultimately ensure sufficient access to phosphorus to produce food in the future. The paper concludes by introducing a framework to assess and compare sustainable phosphorus measures and to determine the least cost options in a given context.

  2. A Study on Hedge Funs as An Investment Strategy for Investors: A Qualitative Approach

    OpenAIRE

    Jadgev, Simran

    2006-01-01

    There has been a tremendous growth in the hedge fund industry in terms of size (number of hedge funds) and asset size (hedge fund capital) under their management. This alternative tool of investment that provides high returns at a low degree of risk for investors is still being explored and there are several parameters which affect the growth of this industry which are yet to be researched. This study is written with an aim to provide a deeper insight about hedge fund investing and the f...

  3. An exploratory investigation of barriers and enablers affecting investment in renewable companies and technologies in the UK.

    Science.gov (United States)

    Wells, Victoria; Greenwell, Felicity; Covey, Judith; Rosenthal, Harriet E S; Adcock, Mike; Gregory-Smith, Diana

    2013-02-06

    The last few years have seen considerable research expenditure on renewable fuel technologies. However, in many cases, the necessary sustained and long-term funding from the investment community has not been realized at a level needed to allow technologies to become reality. According to global consulting firm Deloitte's recent renewable energy report (http://www.deloitte.com/energypredictions2012), many renewable energy projects stalled or were not completed because of issues including the global economy, the state of government finances, difficulties in funding and regulatory uncertainty. This investigation concentrates on the funding aspect and explores the perceived barriers and enablers to renewable technologies within the investment and renewables community. Thematic analysis of 14 in-depth interviews with representatives from renewable energy producers, banks and investment companies identified key factors affecting the psychology of investor behaviour in renewables. Eight key issues are highlighted, including a range of barriers and enablers, the role of the government, balance between cost/risk, value/return on investment, investment time scales, personality/individual differences of investors and the level of innovation in the renewable technology. It was particularly notable that in the findings the role of the government was discussed more than other themes and generally in quite critical terms, highlighting the need to ensure consistency in government funding and policy and a greater understanding of how government decision-making happens. Specific findings such as these illustrate the value of crossing disciplinary boundaries and highlight potential further research. Behavioural science and economic psychology in particular have much to offer at the interface of other disciplines such as political science and financial economics.

  4. Case study: impact of technology investment on lead discovery at Bristol-Myers Squibb, 1998-2006.

    Science.gov (United States)

    Houston, John G; Banks, Martyn N; Binnie, Alastair; Brenner, Stephen; O'Connell, Jonathan; Petrillo, Edward W

    2008-01-01

    We review strategic approaches taken over an eight-year period at BMS to implement new high-throughput approaches to lead discovery. Investments in compound management infrastructure and chemistry library production capability allowed significant growth in the size, diversity and quality of the BMS compound collection. Screening platforms were upgraded with robust automated technology to support miniaturized assay formats, while workflows and information handling technologies were streamlined for improved performance. These technology changes drove the need for a supporting organization in which critical engineering, informatics and scientific skills were more strongly represented. Taken together, these investments led to significant improvements in speed and productivity as well a greater impact of screening campaigns on the initiation of new drug discovery programs.

  5. Minimizing investment cost for multi-period heat exchanger network retrofit by matching heat transfer areas with different strategies

    Institute of Scientific and Technical Information of China (English)

    Lixia Kang; Yongzhong Liu

    2015-01-01

    Multi-period heat exchanger network (HEN) retrofit is usually performed by targeting and matching heat trans-fer areas. In this paper, based on the reverse order matching method we proposed previously, three strategies of matching heat transfer areas are proposed to minimize the investment cost for the retrofit of HEN in multi-period, in which replacement of heat exchangers, addition of heat exchangers and addition of heat transfer areas are performed. We demonstrate the procedures through three scenarios, including maximum number of substituted heat exchangers after retrofit, minimum additional heat transfer areas in the retrofitted HEN, and minimum investment cost for retrofit. The strategies are extended to a single period HEN retrofit problem. The results of multi-period and single period HEN retrofit problems indicate the effectiveness of the strategies. More-over, these results are better than those reported in literature. The strategies are simple and easy to implement, which are of great benefit to large-scale HEN retrofit in practice.

  6. R & D STRATEGIC INVESTMENT IN AN ASYMMETRICAL CASE

    Institute of Scientific and Technical Information of China (English)

    Minggao XUE; Pu GONG

    2006-01-01

    This article analyzes R & D investment decisions in an asymmetrical case. The investment decisions share three important characteristics. First, the investment is completely irreversible. Second,there are two kinds of uncertainties over the future returns from the investment and over technology in R & D process, respectively. Third, there is strategic competition in the asymmetrical case. This article presents the optimal investment threshold values and the optimal investment rule of high-efficient firm (leader), and shows that the investment threshold values are reduced by competition of two firms.Finally, the mixed investment strategies for two firms, the probability that each firm separately exercises the option to invest, and the probability that two firms simultaneously exercise the option are given in the paper.

  7. A study on the effectiveness of investment strategy based on the concept of pivot points levels using Matthews criterion

    Directory of Open Access Journals (Sweden)

    Antoni Wiliński

    2013-04-01

    Full Text Available In this work, the possibility of assessing traditional investment strategy based on the pivot points for using with other than the commonly used criterion is examined. The authors attempted to apply the Matthews Correlation Coefficient (further reffered as MCC criterion based on a confusion matrix when assessing the strategy to include more factors than the traditional criteria (such as profit, profit vs. Risk, Sharpe ratio, Calmar ratio and to express these factors by one number. The criterion based on a confusion matrix is, in authors beliefs, unique in this application and gives a fairly valuable estimation of trading strategy. An example of several strategies tested on EURUSD 1h time series in selected intervals in the years 2012-2013 is considered. Among these strategies there is a simple strategy based on the concept of pivot points levels and more complex derivative strategies, based on the vector of optimized values of certain parameters. These strategies are evaluated using both traditional criteria and modification of MCC proposed by the authors.

  8. High technology in developing countries: Analysis of technology strategy, technology transfer, and success factors in the aircraft industry

    NARCIS (Netherlands)

    Steenhuis, Harm-Jan; Bruijn, de Erik J.

    2004-01-01

    Economical development is highly related to technological development. It is therefore not surprising that many of the industrially developing nations follow explicit strategies to increase their technological competence level. Industrially developing countries may even pursue a strategy of developi

  9. High technology in developing countries: Analysis of technology strategy, technology transfer, and success factors in the aircraft industry

    NARCIS (Netherlands)

    Steenhuis, H.J.; de Bruijn, E.J.

    2004-01-01

    Economical development is highly related to technological development. It is therefore not surprising that many of the industrially developing nations follow explicit strategies to increase their technological competence level. Industrially developing countries may even pursue a strategy of

  10. Technology Marketing using PCA , SOM, and STP Strategy Modeling

    Directory of Open Access Journals (Sweden)

    Sunghae Jun

    2011-01-01

    Full Text Available Technology marketing is a total processing about identifying and meeting the technological needs of human society. Most technology results exist in intellectual properties like patents. In our research, we consider patent document as a technology. So patent data are analyzed by Principal Component Analysis (PCA and Self Organizing Map (SOM for STP(Segmentation, Targeting, and Positioning strategy modeling. STP is a popular approach for developing marketing strategies. We use STP strategy modeling for technology marketing. Also PCA and SOM are used to analyze patent data in STP modeling. To verify improved performance of our study, we make experiments using patent data from USPTO.

  11. Employee Perception of the Impact of Information Technology Investment in Organisations: a survey of the hotel industry

    Directory of Open Access Journals (Sweden)

    Bruce Lo

    2000-05-01

    Full Text Available To improve their operational efficiency and to maintain their competitiveness in the market place many organisations continue to invest substantially in their Information Technology (IT capability. But how do the employees themselves view the impact and the value of IT investment? This paper considers this question in the context of the hospitality industry. More specifically, it investigates the different perception of hotel employees on the impact of organisational IT investment on (a IT usage by employees, (b employee satisfaction with the IT systems, (c changes in the level of employee performance, and (d organisational performance of the hotel. 945 hotel employees in Bali, Indonesia were surveyed to assess their perception of the organisational impact of IT. Factor analysis, analysis of variance and regression analysis were performed on the data to examine the' range of employee viewpoints. Results showed that there were significant differences among the employees' perception with respect to age, educational level, position in the hotel, and individual income. These findings suggest that even senior management may regard the investment in IT is worthwhile, there may be a divergence of opinion among the employees as to what are the real benefits of IT. In order to fully leverage the potential of their IT investment, managers should pay particular attention to shaping the views of the employees who ultimately determine whether the IT capabilities in an organisation are put to use.

  12. Environmental policy instruments in an international duopoly with feedback investment strategies

    NARCIS (Netherlands)

    Feenstra, T; Kort, PM; de Zeeuw, A

    2001-01-01

    This paper analyses the effects of the environmental policy instruments taxes and standards on the investment behaviour of firms in the context of an international duopoly. Two production factors are considered: the capital stock and a polluting input. The government of each country values high prof

  13. Econometric Analysis of Bulk Shipping: implications for investment strategies and financial decision-making

    NARCIS (Netherlands)

    S. Tsolakis

    2005-01-01

    textabstractThis thesis provides an econometric analysis of the bulk shipping markets and the implications for shipping investment and financial decision making. Chapter 1 sets the scene by providing a historic analysis of bulk shipping markets over the last 55 years. From this analysis, four shipp

  14. Econometric Analysis of Bulk Shipping: implications for investment strategies and financial decision-making

    NARCIS (Netherlands)

    S. Tsolakis

    2005-01-01

    textabstractThis thesis provides an econometric analysis of the bulk shipping markets and the implications for shipping investment and financial decision making. Chapter 1 sets the scene by providing a historic analysis of bulk shipping markets over the last 55 years. From this analysis, four

  15. Econometric Analysis of Bulk Shipping: implications for investment strategies and financial decision-making

    NARCIS (Netherlands)

    S. Tsolakis

    2005-01-01

    textabstractThis thesis provides an econometric analysis of the bulk shipping markets and the implications for shipping investment and financial decision making. Chapter 1 sets the scene by providing a historic analysis of bulk shipping markets over the last 55 years. From this analysis, four shipp

  16. Technology strategy for gas technologies; Technology Target Areas; TTA8 Gas Technology

    Energy Technology Data Exchange (ETDEWEB)

    2008-07-01

    TTA8 - Gas technologies points out the various routes Norway can follow to capitalise on the vast resources of natural gas that will be produced in the years to come by developing a strong technology and competence platform. A broad view is taken for the value creation having as basis the continued gas export from NCS to Europe, but also a strong focus on development of gas resources in other parts of the world. The latter can also be seen as part of international positioning for upstream resources and does also include involvements in projects, and export of technology and products. The TTA has structured the analysis into 3 main areas: Gas transport and processing (pipeline, LNG, other); Gas conversion to fuels, chemicals and materials; CO{sub 2} management. In this report, for each of these areas, scenarios based on a gap analysis are presented. One of the key goals has been to identify pacing and emerging technologies for the next 20 years. Based on this, technologies have been mapped according to importance for future competitiveness and technology ambitions. This also includes primary funding responsibilities (public and/or industry). The road map below reflects the key issues in the proposed strategy. The base level of the figure explains areas that will have to be pursued to maintain Norway's role as a key gas and gas technology provider. The second layer represents near term options and possibilities with a reasonable risk profile that could further enhance the Norwegian position given the resources and drive to further develop this industry. As the top layer we have selected some of our 'dreams', what we may achieve if a progressive approach is followed with a strongly innovation based policy. It is acknowledged by the TTA that Norway cannot be a leading technology player in all aspects of the gas value chain. For some technologies we should be an active player and developer, whilst for other technologies we should become a competent buyer

  17. Automated Information Management Technology (AIM-TECH): Considerations for a Technology Investment Strategy.

    Science.gov (United States)

    1985-05-01

    and Key Contact Points o Carnegie-Mellon University, Pittsburgh, PA/John McDermott, Mark Fox o Rutgers University, New Brunswick, NJ/C. Kulikowski, S...University, Pittsburgh, PA/ Mark Fox , J.B. Carbonell o Rutgers University, New Brunswick, NJ/Charles Schmidt 109 ’o~A~’ L .. ..~1l

  18. Joint Small Arms Technology Development Strategy for Joint Service Small Arms Science and Technology Investments

    Science.gov (United States)

    2016-01-26

    various control methodologies to compensate for movement and firing shock, impulsive motion signals, vibrations , and automated system drift. 5...Life 38 Corrosion Prevention and Control 14 Signature Reduction System that does Not Degrade Current Level of Weapon Performance 39 System...accuracy and controllability , effects of recoil on accuracy and controllability , effects of rate of fire on system accuracy, and reduction of operator

  19. THE UNCERTAINTY AND THE RISK – REORIENTATION FACTORS OF THE INVESTMENT STRATEGIES

    Directory of Open Access Journals (Sweden)

    Halmi Mirela Camelia

    2013-03-01

    Full Text Available The Foreign Direct Investment represents one of the ways to access a foreign market and to internationalize the activities. A company that decides to become international faces a number of risks that that have to be taken into account and analyzed. These risks are associated to the complete uncertainty regarding the business’ success that comprises many risks. The economic risk is linked mainly to the macroeconomic conditions of the host country like the real structure of the interest rate as well as to exchange rate’s movements and volatility. The role of the risk’s instability is important having in view the fact that a great part of the influxes of foreign direct investments are towards emerging economies. As a result, an interesting problem that is worth being studied is the combined effect of the uncertainty and the risk on the foreign direct investment’s quantity and direction.

  20. THE UNCERTAINTY AND THE RISK – REORIENTATION FACTORS OF THE INVESTMENT STRATEGIES

    OpenAIRE

    Halmi Mirela Camelia

    2013-01-01

    The Foreign Direct Investment represents one of the ways to access a foreign market and to internationalize the activities. A company that decides to become international faces a number of risks that that have to be taken into account and analyzed. These risks are associated to the complete uncertainty regarding the business’ success that comprises many risks. The economic risk is linked mainly to the macroeconomic conditions of the host country like the real structure of the interest rate as...

  1. Econometric Analysis of Bulk Shipping: implications for investment strategies and financial decision-making

    OpenAIRE

    Tsolakis, S.

    2005-01-01

    textabstractThis thesis provides an econometric analysis of the bulk shipping markets and the implications for shipping investment and financial decision making. Chapter 1 sets the scene by providing a historic analysis of bulk shipping markets over the last 55 years. From this analysis, four shipping markets (freight, newbuilding, second-hand and demolition) are distinguished as well as a fifth one (ship finance) that acts as a facilitator to the other four. Also, with the help of correlatio...

  2. The behavioural aspect of green technology investments: a general positive model in the context of heterogeneous agents

    OpenAIRE

    Knobloch, F.; Mercure, J.-F.

    2016-01-01

    This is the author accepted manuscript. It is currently under an indefinite embargo pending publication by Elsevier. Studies report that firms do not invest in cost-effective green technologies. While economic barriers can explain parts of the gap, behavioural aspects cause further under-valuation. This could be partly due to systematic deviations of decision-making agents’ perceptions from normative benchmarks, and partly due to their diversity. This paper combines available behavioural k...

  3. Strategies for Defining and Understanding Critical Technology Integration Terms

    Science.gov (United States)

    Fagehi, Ahmed Yahya

    2013-01-01

    Educational technology scholars believe that teachers should understand how to effectively integrate technology in their teaching. This study identified key terms related to integrating technology in education and investigated the effectiveness of three online instructional strategies (Text-only, Text plus Video, and Text plus Video plus Question)…

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

    Energy Technology Data Exchange (ETDEWEB)

    Lenhart, S

    2003-06-11

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

  5. Optimal Time-Consistent Investment Strategy for a DC Pension Plan with the Return of Premiums Clauses and Annuity Contracts

    Directory of Open Access Journals (Sweden)

    De-Lei Sheng

    2014-01-01

    Full Text Available Defined contribution and annuity contract are merged into one pension plan to study both accumulation phase and distribution phase, which results in such effects that both phases before and after retirement being “defined”. Under the Heston’s stochastic volatility model, this paper focuses on mean-variance insurers with the return of premiums clauses to study the optimal time-consistent investment strategy for the DC pension merged with an annuity contract. Both accumulation phase before retirement and distribution phase after retirement are studied. In the time-consistent framework, the extended Hamilton-Jacobi-Bellman equations associated with the optimization problem are established. Applying stochastic optimal control technique, the time-consistent explicit solutions of the optimal strategies and the efficient frontiers are obtained. In addition, numerical analysis illustrates our results and also deepens our knowledge or understanding of the research results.

  6. FAW Technology Strategies of Low-Carbon Passenger Car

    Institute of Scientific and Technical Information of China (English)

    Li Jun

    2012-01-01

    Author analyzed the global background of low-carbon technology around the world,a technology & economy analysis model called TOS was developed in the paper,author analyzed technology paths for low-carbon Car in China based on the current technologies available and technologies to he developed in China,3 possible paths are presented based on the analysis,author also explained the FAW BlueWay technology strategies for low carbon cars both for short mid and long term objectives.Author concludes the paper with illustration of powertrain lineup for FAW BlueWay Technologies.

  7. Work family-life balance and social investment strategies in Denmark

    DEFF Research Database (Denmark)

    Greve, Bent

    2014-01-01

    This article analyses and discusses the options and possibilities of combining work and family life in a universal welfare state, e. g. Denmark. Related to the ability to combine work and family life is the welfare states investment in affordable and high quality day care and a perspective...... on caring for elderly citizens. The theoretical underpinnings of universal welfare states is given and also the reason why it has been important to ensure and be able to combine work and family life. The article shows how Denmark, Sweden and Finland compare with countries from other and different types...

  8. Economic and Technological Role of Kuzbass Industry in the Implementation of National Energy Strategy of Russian Federation

    OpenAIRE

    Zhironkin, Sergey Aleksandrovich; Khoreshok, Aleksey Alekseevich; Tyulenev, M. A.; Barysheva, Galina Anzelmovna; Hellmer, M. C.

    2016-01-01

    This article describes the problems and prospects of development of coal mining in Kuzbass - the center of coal production in Siberia and Russia, in the framework of the major initiatives of the National Energy Strategy for the period until 2035. The structural character of the regional coal industry problems, caused by decline in investment activity, high level of fixed assets depreciation, slow development of deep coal processing and technological reduction of coal mining is shown.

  9. Economic and Technological Role of Kuzbass Industry in the Implementation of National Energy Strategy of Russian Federation

    Science.gov (United States)

    Zhironkin, S. A.; Khoreshok, A. A.; Tyulenev, M. A.; Barysheva, G. A.; Hellmer, M. C.

    2016-08-01

    This article describes the problems and prospects of development of coal mining in Kuzbass - the center of coal production in Siberia and Russia, in the framework of the major initiatives of the National Energy Strategy for the period until 2035. The structural character of the regional coal industry problems, caused by decline in investment activity, high level of fixed assets depreciation, slow development of deep coal processing and technological reduction of coal mining is shown.

  10. Impact of Investment in Information Technology on Financial Performance of Nigerian Banks: Is There a Productivity Paradox?

    Directory of Open Access Journals (Sweden)

    BILKISU KABIRU USMAN FAROUK

    2015-04-01

    Full Text Available This research investigates the impact of investment in Information Technology (IT on the financial performance of banks in Nigeria. The study covers post-Banking (2006-2010 consolidation period of 5 years. The population of the study comprises of all the 24 banks, and a random sampling of 10 banks was made. The study employs secondary data generated from annual reports and accounts of the banks, records maintained by the Nigerian Stock Exchange (NSE and Central Bank of Nigeria (CBN reports. The data obtained were analyzed using the panel data regression model where investment in IT (hardware, software and Automated Teller Machine [ATM], total earnings (TR and total cost (TC of the 10 sampled banks were used as the independent variables while financial performance is the dependent variable, proxied by return on assets (ROA, return on equity (ROE, net profit margin (NPM and earnings per share (EPS. Four hypotheses were developed and tested in line with the proxies to the dependent variables. The result from the panel regression revealed that there is a significant relationship between the independent variables and the dependent variables, but the test revealed that the impact of IT investment on the financial performance of Nigeria banks is significant for ROA, ROE and EPS at 5% significance level but not significant for NPM at 5% and 10% significance level. The effect of TR is positive and that of TC is negative on all the four financial performance measures, but the effect of IT investment on all the four financial performance variables is negative, which is not an expected sign. This means that an increase on IT spending leads to a decrease in the financial performance of Nigerian banks, that is to say heavy IT investment does not increase banks profitability, hence there is existence of IT productivity paradox in the Nigeria banking industry.

  11. Historical Analysis of Investment in Solar Energy Technologies (2000-2007)

    Energy Technology Data Exchange (ETDEWEB)

    Jennings, C. E.; Margolis, R. M.; Bartlett, J. E.

    2008-12-01

    The solar energy industry experienced unprecedented growth in the eight years from 2000 to 2007, with explosive growth occurring in the latter half of this period. From 2004 to 2007, global private sector investment in solar energy increased by almost twenty-fold, marking a dramatic increase in the short span of four years. This paper examines the timing, magnitude, focus and location of various forms of investment in the solar energy sector. It analyzes their trends to provide an understanding of the growth of the solar industry during the past eight years and to identify emerging themes in this rapidly evolving industry.

  12. The development strategy of financial and innovative technologies

    Directory of Open Access Journals (Sweden)

    R.V. Lavrov

    2013-09-01

    Full Text Available The aim of the article. The aim of the article is to define and to estimate the forming of expediency of the development strategy of financial and innovative technologies in the context of modern economic space realities.The results of the analysis. The growing importance of the financial sector in the contemporary economic space, as well as rapid changes in it, generates a need for financial innovative technologies. Development strategy of financial and innovative technologies is always associated with the current state of the financial system, its existent technical, technological and financial base. Therefore, the strategy of financial and innovative technologies will be considered the system of long-term goals and means of achieving them, implemented in the financial activity. Financial innovative technologies strategy includes two aspects: 1 management of the introduction of technical and technological innovations; 2the process of constant changes in the financial sector according to the environment change. Thus, theessence of the development strategy of financial innovative technologies is to target business entities (including banks to application new and more efficient technologies, services and organizational structures. In other words, to put the problem of profitability, flexibility and adaptability increasing in the financial market.The development expediency of the financial and innovative technologies is determined by such criteria: concordance with the amount of capital that can be directed to the financial activity; efficiency or concordance of the results and the real costs of achieving them; distinctness in terms of achieving the aim; the optimal combination of expected achievement the necessary profitability and possible risks and uncertainty in the future period; concordance of planned financial technologies with general economic conditions of the environment. Choosing the basic strategy of financial innovative technologies

  13. Technology strategy as macro-actor

    DEFF Research Database (Denmark)

    Tryggestad, Kjell

    2003-01-01

    outcomes.Three cases are presented, each of them with a particular bearing on how materials participate in the making of emerging strategic identities and outcomes:The first case account for strategies transforming plans into anti-plans. This is a case of how a strategic plan is betrayed (or rejected......The aim of this article is to inquire into the possible significance of materials in the production of emerging strategic outcomes. The article first sets out to discuss the different ways contemporary strategy research define the identity of strategic actors. It is argued that the various schools...... of strategy research, although different in important respects, operate with a common human centered assumption: Humanity is treated as given - the strategic actor or subject is assumed to be an individual human or a collective of humans.By adding the possible significance of materials and other non...

  14. Maximizing the return on investments in information technology by incorporating best practices.

    Science.gov (United States)

    Younger, Claude

    2004-01-01

    Most system administrators know what needs to be done to make their systems secure and manageable but these needs are tough to sell to upper management in a tight economy. However, system administrators using industry accepted best practices can calculate a return on investment for budgeting purposes, justifying expenses by comparing them with expected costs if such practices are not in place.

  15. Verification& Validation (V&V) Guidelines and Quantitative Reliability at Confidence (QRC): Basis for an Investment Strategy

    Energy Technology Data Exchange (ETDEWEB)

    Logan, R W; Nitta, C K

    2002-07-17

    This paper represents an attempt to summarize our thoughts regarding various methods and potential guidelines for Verification and Validation (V&V) and Uncertainty Quantification (UQ) that we have observed within the broader V&V community or generated ourselves. Our goals are to evaluate these various methods, to apply them to computational simulation analyses, and integrate them into methods for Quantitative Certification techniques for the nuclear stockpile. We describe the critical nature of high quality analyses with quantified V&V, and the essential role of V&V and UQ at specified Confidence levels in evaluating system certification status. Only after V&V has contributed to UQ at confidence can rational tradeoffs of various scenarios be made. UQ of performance and safety margins for various scenarios and issues are applied in assessments of Quantified Reliability at Confidence (QRC) and we summarize with a brief description of how these V&V generated QRC quantities fold into a Value-Engineering methodology for evaluating investment strategies. V&V contributes directly to the decision process for investment, through quantification of uncertainties at confidence for margin and reliability assessments. These contributions play an even greater role in a Comprehensive Test Ban Treaty (CTBT) environment than ever before, when reliance on simulation in the absence of the ability to perform nuclear testing is critical.

  16. Bioadsorption strategies with yeast molecular display technology.

    Science.gov (United States)

    Shibasaki, Seiji; Ueda, Mitsuyoshi

    2014-01-01

    Molecular display techniques using microbial cell surfaces have been widely developed in the past twenty years, and are useful tools as whole cell catalysts for various applications such as bioconversion, bioremediation, biosensing, and the screening system of protein libraries. Furthermore, different types of microbial cells among eukaryotic and prokaryotic strains have been investigated for their use in surface display technologies. Recently, several kinds of protein-displaying yeasts have been utilized as bioadsorbents in this platform technology. In particular, these trials have successfully expanded the possibility of applications to metal binding, affinity purification, and receptor-ligand interaction by using the yeast cell surface. In this mini review, we describe the general principles of molecular display technology using yeast cells and its applications, with a particular focus on bioadsorption.

  17. Using Technology-Nested Instructional Strategies to Enhance Student Learning

    Directory of Open Access Journals (Sweden)

    Angela Lumpkin, PhD

    2015-08-01

    Full Text Available Students today expect the use of technology in their classes, rather than have to listen to less-than-engaging lectures. College students are connected electronically and incessant technology consumers. As a result, they may prefer the infusion of technologies to help them learn and enjoy the process of learning, rather than having to listen exclusively to lectures. To investigate this, the authors solicited student perceptions to assess the importance of learning through technology-nested instructional strategies. Student perceptions give direction to and affirm the benefits of instructional strategies that increase student motivation to engage more actively in their learning. Based on quantitative and qualitative responses through action research in multiple courses, students perceive their learning as more engaging and enjoyable when technology-nested instructional strategies are infused into their classes.

  18. Equilibrium Investment Strategy for DC Pension Plan with Inflation and Stochastic Income under Heston’s SV Model

    Directory of Open Access Journals (Sweden)

    Jingyun Sun

    2016-01-01

    Full Text Available We consider a portfolio selection problem for a defined contribution (DC pension plan under the mean-variance criteria. We take into account the inflation risk and assume that the salary income process of the pension plan member is stochastic. Furthermore, the financial market consists of a risk-free asset, an inflation-linked bond, and a risky asset with Heston’s stochastic volatility (SV. Under the framework of game theory, we derive two extended Hamilton-Jacobi-Bellman (HJB equations systems and give the corresponding verification theorems in both the periods of accumulation and distribution of the DC pension plan. The explicit expressions of the equilibrium investment strategies, corresponding equilibrium value functions, and the efficient frontiers are also obtained. Finally, some numerical simulations and sensitivity analysis are presented to verify our theoretical results.

  19. Outward Foreign Direct Investment from BRIC countries: Comparing strategies of Brazilian, Russian, Indian and Chinese multinational companies

    Directory of Open Access Journals (Sweden)

    Wladimir Andreff

    2015-12-01

    Full Text Available An overall comparative study of outward foreign direct investment (OFDI from BRIC countries and strategies conducted by multinational companies (MNCs based in the BRICs is elaborated on with a same methodology for Brazil, Russia, India and China. The comparison pertains to the historical emergence of firms’ internationalisation, their booming expansion in the 2000s then their muddling through the current crisis, the specificities of OFDI from each home country, OFDI geographical distribution and industrial structure, econometric testing of the respective determinants of Brazilian, Russian, Indian and Chinese OFDI, and the role of home countries’ governments vis-à-vis home-based MNCs. Beyond some common characteristics, BRICs’ MNCs exhibit a number of major country-specific features.

  20. Organelle Structures: Bridging Strategy and Technological Processes

    Institute of Scientific and Technical Information of China (English)

    Rob; Dekkers

    2002-01-01

    The shifting requirements as imposed on operations ma nagement require adjusting and tailoring the organisational structure to meet ma rket demands. However, translating these requirements directly into hierarchical structure will not ensure the integration of processes across organisational un its and guarantee desirable performance. Therefore, management and management li terature wonders: · How should we connect processes to the external environment within a strategi c framework · Which organisationa...

  1. Does Your Department Have a Technology Innovation Strategy?

    Science.gov (United States)

    Felkey, Bill G; Fox, Brent I

    2016-11-01

    There are ways to facilitate the successful implementation of technological innovations. These are especially important in a time of rapid development of new tools to support safe and effective medication therapy. This installment addresses some of the key components of a successful technology innovation strategy.

  2. Residential Customer Enrollment in Time-based Rate and Enabling Technology Programs: Smart Grid Investment Grant Consumer Behavior Study Analysis

    Energy Technology Data Exchange (ETDEWEB)

    Todd, Annika [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Cappers, Peter [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Goldman, Charles [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)

    2013-05-01

    The U.S. Department of Energy’s (DOE’s) Smart Grid Investment Grant (SGIG) program is working with a subset of the 99 SGIG projects undertaking Consumer Behavior Studies (CBS), which examine the response of mass market consumers (i.e., residential and small commercial customers) to time-varying electricity prices (referred to herein as time-based rate programs) in conjunction with the deployment of advanced metering infrastructure (AMI) and associated technologies. The effort presents an opportunity to advance the electric industry’s understanding of consumer behavior.

  3. Exploring the internalization rationale for international investment: wholly owned subsidiary versus technology licensing in the worldwide chemical industry

    OpenAIRE

    Arora, Ashish; Fosfuri, Andrea

    1999-01-01

    Globalization has underlined the need for firms to exploit technological capabilities on a global scale. This study attempts to make a comprehensive investigation of various factors influencing the choice between wholly owned subsidiary and technology licensing as a strategy for expansion abroad. To underpin our main research questions, we rely on different theoretical contributions which have variously emphasized the importance of cultural distance, learning, nature of technology and competi...

  4. Information Technology, Environmental Innovations and Complementarity Strategies

    OpenAIRE

    2013-01-01

    The paper investigates the extent to which the adoption of Information and Communication Technology (ICT) by firms affects the likelihood of adopting environmental innovations (EI). We also test empirically whether various types of ICT adoption and other innovation practices (R&D, techno-organizational change) are complementary inputs with respect to the introduction of specific environmental innovations. The analysis is based on two different data sources, which offer various views on ICT an...

  5. Environmental Policy in an International Duopoly : An Analysis of Feedback Investment Strategies

    NARCIS (Netherlands)

    Feenstra, T.L.; Kort, P.M.; de Zeeuw, A.J.

    1997-01-01

    This paper discusses environmental policy instruments in a differential-game model of international trade with oligopolistic competition. Strategic interactions occur if firms use feedback strategies and therefore react on decisions of their competitor. Eventually this harms firm profits, because al

  6. Prices, Productivity, and Investment: Assessing Financial Strategies in Higher Education. ERIC Digest.

    Science.gov (United States)

    St. John, Edward P.

    This digest of a full report of the same title critically examines the cost controversy in higher education to better understand the types of financial strategies that can help resolve the crisis in college costs. A look at why these costs are so controversial finds that rapid rise in tuition, public debate about educational expenditures and real…

  7. Proactive environmental strategy in a supply chain context: the mediating role of investments

    NARCIS (Netherlands)

    Akin, M.; Bloemhof, J.M.; Raaij, van E.M.; Wynstra, F.

    2012-01-01

    There is a growing body of knowledge on the link between environmental management and supply chain management, but there is contradicting evidence on the impact of a proactive environmental strategy on environmental performance. Therefore, this paper investigates the impact of proactive environmenta

  8. The technology boundary: A strategy for bridging the gap

    OpenAIRE

    Falconer, L.

    2005-01-01

    The aim of this demonstration is to promote discussion regarding strategies that enable teachers to concentrate upon the pedagogy of e-learning design, rather than how to cope with technology. The domains of academia and technology have traditionally been separated by a technology boundary that teachers have felt they are required to cross. But, many teachers also understandably feel that do not have the time or inclination to make the journey. Most importantly, the crucial issue of developin...

  9. Resource efficiency potential of selected technologies, products and strategies.

    Science.gov (United States)

    Rohn, Holger; Pastewski, Nico; Lettenmeier, Michael; Wiesen, Klaus; Bienge, Katrin

    2014-03-01

    Despite rising prices for natural resources during the past 30 years, global consumption of natural resources is still growing. This leads to ecological, economical and social problems. So far, however, limited effort has been made to decrease the natural resource use of goods and services. While resource efficiency is already on the political agenda (EU and national resource strategies), there are still substantial knowledge gaps on the effectiveness of resource efficiency improvement strategies in different fields. In this context and within the project "Material Efficiency and Resource Conservation", the natural resource use of 22 technologies, products and strategies was calculated and their resource efficiency potential analysed. In a preliminary literature- and expert-based identification process, over 250 technologies, strategies, and products, which are regarded as resource efficient, were identified. Out of these, 22 subjects with high resource efficiency potential were selected. They cover a wide range of relevant technologies, products and strategies, such as energy supply and storage, Green IT, transportation, foodstuffs, agricultural engineering, design strategies, lightweight construction, as well as the concept "Using Instead of Owning". To assess the life-cycle-wide resource use of the selected subjects, the material footprint has been applied as a reliable indicator. In addition, sustainability criteria on a qualitative basis were considered. The results presented in this paper show significant resource efficiency potential for many technologies, products and strategies.

  10. Swedish hedge funds : An analysis of the Swedish hedge funds’ investment strategies and risks associated with hedge funds

    OpenAIRE

    Werner-Zankl, Simon; Samuelsson, Linda; Jonsson, Emma

    2007-01-01

    Background Out of the different fund categories hedge funds have had the highest development in Sweden since 1994. Swedish investors’ interest in hedge funds doubled from 2005 to 2006. Hedge funds are said to be an investment with a low risk and not being dependent upon business cycle movements. Historically there have been high initial investments, most often over 100 000 SEK, required to invest in hedge funds. This has started to shift towards lower initial investments. This is a reason why...

  11. Investment and Finance Strategy on Chinese Culture Industry%我国文化产业投融资问题及策略研究

    Institute of Scientific and Technical Information of China (English)

    詹浩勇; 刘明星

    2011-01-01

    It is very important to improve investment and finance strategy for sustainable development of Chinese culture industry. In terms of macro-investment, we should establish sound investment environment, define investment scope, improve investment structure, attach importance to emerging market, create investment unit, and cultivate new investment form. As to micro-finance, we also discuss some finance strategy, including internal and external financing, establishing platform of property rights exchange, developing related insurance as well as creating investment fund of culture industry.%文化产业资本运营对于促进文化产业快速健康发展具有重要意义。而当前我国文化产业投融资发展尚不完善。为此,从宏观投资支持的层面看,应营造良好投资环境,理清投资范围,优化投资结构,确立投资重点,塑造市场化投资主体,积极培育新的投资形式;从微观融资支持的角度看,应加强内部融资,扩展信贷融资,发挥资本市场直接融资功能,吸引社会资本,建立文化产权交易平台,培育文化产业保险市场,组建相关产业投资基金。

  12. Organizational Scope and Investment: Evidence from the Drug Development Strategies and Performance of Biopharmaceutical Firms

    OpenAIRE

    Ilan Guedj; David Scharfstein

    2004-01-01

    This paper compares the clinical trial strategies and performance of large, established ("mature") biopharmaceutical firms to those of smaller ("early stage") firms that have not yet successfully developed a drug. We study a sample of 235 cancer drug candidates that entered clinical trials during the period 1990-2002 and were sponsored by public firms. Early stage firms are more likely than mature firms to advance drug candidates from Phase I to Phase II clinical trials. However, early stage ...

  13. Property types diversification strategy of Malaysian real estate investment trust (M-REITs

    Directory of Open Access Journals (Sweden)

    Ping Tiong Chai

    2016-01-01

    Full Text Available The aim of this paper is to review the property types diversification strategy of Malaysian REITs. Previous study has found that Malaysian REITs received poor response form investors both local and international. Furthermore, the underperformance of Malaysian REITs was linked to the characteristics of REITs’ property types and REITs’ portfolio influenced its financial performance. The lack of local study on both of these determinants of influence on performance of Malaysian REITs is a research gap, which needs to be explored that can provide more insight of it. This study showed that the property types such as office space, commercial lot, industrial, hotel and specialized property type are the important determinants, which can influence the performance of REITs. The study comprised of REITs data from 2010 until 2014, and through Multiple Regression Analysis (MRA reveals there is little influence of property types diversification strategy toward Malaysian REITs’ performance. Nevertheless, by employ correlation analysis between each of the five property types with expected return and dividend yield, this study shows Malaysian REITs’ performance of dividend yield(DY has a positive correlation value with commercial lot property type and Malaysian REITs’ performance of expected return(ER have a highest positive correlation value with industrial property types. Also, this study suggests that property type diversification play a significant role in Malaysia REITs. Other determinants such as location of property, market capitalization and REITs’ quality of advisory style that might influence the diversification strategy and financial performance of Malaysian REITs.

  14. Credit Rating via Dynamic Slack-Based Measure And It´s Optimal Investment Strategy

    Directory of Open Access Journals (Sweden)

    A. Delavarkhalafi

    2015-01-01

    Full Text Available In this paper we check the credit rating of firms applied for a loan. In this regard we introduce a model, named Dynamic Slack-Based Measure (DSBM for measuring credit rating of applicant companies. Selection of financial ratios that represent the financial state of a company -in the best possible way- is one of the most challenging parts of any credit rating analysis. At first, ranking needs to identify the appropriate variables. Therefore we introduce five financial variables to provide a ranking. As noted above, we assess the performance of these firms. Then we introduce the dynamic model of SBM and theorems, also we discuss the overall structure of DSBM. Then we will present the implementation and the simulation model. After that, we propose a stochastic controlled dynamic system model to express the optimal strategy. Banks expect companies selected with DSBM model, act in accordance with this strategy. This stochastic dynamic system is originated from the balance sheets of firms applying for a loan. Finally we evaluate the performance of the system and strategy problem.

  15. Intellectual property and financing strategies for technology startups

    CERN Document Server

    Halt, Jr , Gerald B; Stiles, Amber R; Fesnak, Robert

    2017-01-01

    This book offers a comprehensive, easy to understand guide for startup entities and developing companies, providing insight on the various sources of funding that are available, how these funding sources are useful at each stage of a company’s development, and offers a comprehensive intellectual property strategy that parallels each stage of development. The IP strategies offered in this book take into consideration the goals that most startups and companies have at each stage of development, as well as the limitations that exist at each stage (i.e., limited available resources earmarked for intellectual property asset development), and provides solutions that startups and companies can implement to maximize their return on intellectual property investments. This book also includes a number of descriptive examples, case studies and scenarios to illustrate the topics discussed, and is intended for use by startups and companies across all industries. Readers will garner an appreciation for the value that inte...

  16. Optimal Cycle Time and Preservation Technology Investment for Deteriorating Items with Price-sensitive Stock-dependent Demand Under Inflation

    Science.gov (United States)

    Shah, Nita H.; Shah, Arpan D.

    2014-04-01

    The article analyzes economic order quantity for the retailer who has to handle imperfect quality of the product and the units are subject to deteriorate at a constant rate. To control deterioration of the units in inventory, the retailer has to deploy advanced preservation technology. Another challenge for the retailer is to have perfect quality product. This requires mandatory inspection during the production process. This model is developed with the condition of random fraction of defective items. It is assumed that after inspection, the screened defective items are sold at a discounted rate instantly. Demand is considered to be price-sensitive stock-dependent. The model is incorporating effect of inflation which is critical factor globally. The objective is to maximize profit of the retailer with respect to preservation technology investment, order quantity and cycle time. The numerical example is given to validate the proposed model. Sensitivity analysis is carried out to work out managerial issues.

  17. Determinants of farmers' tree planting investment decision as a degraded landscape management strategy in the central highlands of Ethiopia

    Directory of Open Access Journals (Sweden)

    B. Gessesse

    2015-11-01

    Full Text Available Land degradation due to lack of sustainable land management practices are one of the critical challenges in many developing countries including Ethiopia. This study explores the major determinants of farm level tree planting decision as a land management strategy in a typical framing and degraded landscape of the Modjo watershed, Ethiopia. The main data were generated from household surveys and analysed using descriptive statistics and binary logistic regression model. The model significantly predicted farmers' tree planting decision (Chi-square = 37.29, df = 15, P<0.001. Besides, the computed significant value of the model suggests that all the considered predictor variables jointly influenced the farmers' decision to plant trees as a land management strategy. In this regard, the finding of the study show that local land-users' willingness to adopt tree growing decision is a function of a wide range of biophysical, institutional, socioeconomic and household level factors, however, the likelihood of household size, productive labour force availability, the disparity of schooling age, level of perception of the process of deforestation and the current land tenure system have positively and significantly influence on tree growing investment decisions in the study watershed. Eventually, the processes of land use conversion and land degradation are serious which in turn have had adverse effects on agricultural productivity, local food security and poverty trap nexus. Hence, devising sustainable and integrated land management policy options and implementing them would enhance ecological restoration and livelihood sustainability in the study watershed.

  18. Understanding the differentiating impacts of the communication strategies of a high involvement service (investment advisory services) and a high involvement product (precious jewellery) on customer satisfaction and loyalty.

    OpenAIRE

    Gupta, Gauri

    2009-01-01

    While marketing literature has largely focused on high and low involvement purchases and the positive relationship between customer satisfaction and loyalty; the differentiating impacts of communication strategies for a high involvement service and a high involvement product on customer satisfaction and loyalty has received little academic attention. Consequently, this study examines the differentiating impacts of the communication strategies for investment advisory services and precious jewe...

  19. Strategies to overcome barriers for cleaner generation technologies in small developing power systems: Sri Lanka case study

    Energy Technology Data Exchange (ETDEWEB)

    Wijayatunga, P.D.C.; Siriwardena, K.; Fernando, W.J.L.S.; Shrestha, R.M.; Attalage, R.A.

    2006-06-15

    This paper presents the outcome of a study involved in identifying and ranking the barriers to the promotion of cleaner and energy efficient technologies and strategies to overcome these barriers in Sri Lanka. Barriers for renewable energy based systems such as wind and wood fuel fired plants (dendro thermal power) and cleaner technologies such as liquefied natural gas (LNG) fired combined cycle and IGCC (coal) were identified based on a survey. A direct assessment multi-criteria decision making method called Analytic Hierarchy Process (AHP) was used to rank the barriers. The most effective strategies are proposed to address the three major barriers for each of these technologies based on extensive discussions with all the stakeholders in the electricity industry. It was found that lack of financing instruments, high initial cost and lack of assurance of resource supply or availability are the main barriers for renewable technologies. As for cleaner fuel and technology options associated with conventional generation systems, the lack of a clear government policy, uncertainty of fuel supplies and their prices and the reliability of the technologies themselves are the major barriers. Strategies are identified to overcome the above barriers. Establishment of a proper feed in tariff, geographical diversification of installations and capacity building in commercial banks are suggested for wind power. Investment incentives, streamlining of wood production and research on site identification are proposed for wood fuel fired plants. Also the study suggests delayed implementation, combined planning with other sectors of the economy, incorporating environmental cost in planning and investment incentives as strategies for IGCC and LNG based technologies.

  20. Chalenges and opportunities brought by foreign direct investments in Brazil

    Directory of Open Access Journals (Sweden)

    Eveline Barbosa Silva Carvalho

    2008-01-01

    Full Text Available This paper analyzes the challenges and opportunities brought by foreign direct investment in general and in Brazil particularly. The study is based on literature review and statistical data show that foreign direct investments have important effects on the business environment of the host country as they bring productivity improvement, formal employment and income generation, increase on the export level, establishment of firms with high innovation standards and the capacity to improve the quality of national products, with some degree of technology diffusion, increases in the network of suppliers and possible buyers, and the introduction of new strategies of business management, logistics as well as other ways of modernizing industrial structures. It concludes that the major benefits from foreign direct investments are the change on local companies strategies. The study also shows that investments are concentrated on most developed areas and that there is no specific strategy for investment attraction to the less economically favored areas of Brazil.

  1. Bridge to a sustainable future: National environmental technology strategy

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1995-04-01

    For the past two years the Administration has sought the views of Congress, the states, communities, industry, academia, nongovernmental organizations, and interested citizens on ways to spur the development and use of a new generation of environmental technologies. This document represents the views of thousands of individuals who participated in events around the country to help craft a national environmental technology strategy that will put us on the path to sustainable development.

  2. Bridge to a sustainable future: National environmental technology strategy

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1995-04-01

    For the past two years the Administration has sought the views of Congress, the states, communities, industry, academia, nongovernmental organizations, and interested citizens on ways to spur the development and use of a new generation of environmental technologies. This document represents the views of thousands of individuals who participated in events around the country to help craft a national environmental technology strategy that will put us on the path to sustainable development.

  3. The missing technology: an international comparison of human capital investment in healthcare.

    Science.gov (United States)

    Frogner, Bianca K

    2010-01-01

    This article explores human capital investment to understand cross-sectional variation and differences in growth of health spending among the US, Australia and Canada. Using a human capital model developed by Mincer, the article examines how rate of return to schooling and years of schooling impact wage rate levels in healthcare. The model is extended to approximate the probable trajectory of healthcare wage rate growth and thus the impact on health spending. The results suggest that a higher rate of return to schooling and a more educated healthcare workforce in the US may contribute to higher healthcare wage rates and thus contribute to higher health spending levels than in Canada and Australia. The results also suggest that average healthcare wage rates are growing at the rate of potential GDP; healthcare wage rates are not driving the growth of health spending.

  4. Investing in lean to improve basic capabilities: A strategy for system supply?

    Directory of Open Access Journals (Sweden)

    Inga-Lill Carlsson

    2017-04-01

    Full Text Available Purpose: This paper describes the perceived effects of implementing lean production in a Swedish SME contract manufacturer. Especially focused are the effects on, and possible trade-offs between, cost-efficiency and flexibility. Design/methodology/approach: SME suppliers need basic capabilities of qualitative production performance which may then be stepping-stones to develop more system supplier capabilities for added customer value: leadership to manage systems and processes, SCM, communications and relations management. Development of stable production processes is seen as a way to reach stable basic performance, efficient and with higher resource utilization. Quality is a precursor to delivery performance as well as to cost reduction and flexibility. This is a longitudinal single case study of a SME supplier striving to become a system supplier. Two main sources of data collection are used: interviews and the main author’s presence as employee and business developer, participating in and following up the ongoing change process. Findings: Two specific findings appeared: (1 An initial effect was an important “eye-opener” for the balance between cost efficiency and flexibility in the organization. (2 Process orientation, as the basis of both lean and agile approaches, allows many improvements without any conflicts or trade-offs between these two goals. Stability in the production leads to increased controllability, initially resulting in both higher cost-efficiency and higher flexibility. As the organization develops however, strategic considerations relating to the chosen market strategy might occur: cost leadership or differentiation.    Research limitations/implications: These results reflect the experiences of one SME supplier and further studies are needed for generalizability. Originality/value: The study increases the understanding of how a SME may develop stable processes in its different supplier-customer contexts. The study

  5. The Risk Criteria for Discriminating Technology Innovation Investment Decision Errors of High-tech Enterprises%判别高新技术企业技术创新投资决策错误的风险准则

    Institute of Scientific and Technical Information of China (English)

    边云岗; 郭开仲

    2014-01-01

    The technological innovation of high-tech enterprises is a high-risk activity. High-risk means the probability of obtaining high risk gain or suffering large risk loss. Therefore, the correct decision on technological innovation investment is help-ful to maximize the investment income. Through an analysis of the law on technological innovation investment risk-benefit, it is found that an optimal degree of risk and a critical degree of risk exist in the technological innovation investment objectives. For rational decision makers, a risk tolerance interval including the optimal degree of risk should be determined, based on the enterprise's own risk tolerance and business strategy, as a the risk criteria for discriminating technology innovation investment decision errors, and an error function should be created to measure the degree of the investment decision error based on the error-eliminating theory in order to take appropriate remedial measures. Finally, a wrong decision example is analyzed to illustrate the risk criteria is scientific and rational.%高新技术企业的技术创新是一种高风险活动,高风险意味着面临获得高风险收益或遭受高风险损失的可能。因此,正确的技术创新投资决策有利于实现收益的最大化。通过对企业技术创新投资风险收益规律的分析发现,企业技术创新投资客观上存在最佳风险度和临界风险度,认为对于理性的技术创新投资决策者而言,应根据企业自身的风险承担能力和经营战略,确定包括最佳风险度在内的风险容忍区间,作为判别技术创新投资决策错误的风险准则,并通过消错理论中的错误函数度量投资决策错误的程度,以便采取相应的补救措施。最后通过错误投资决策的实例分析,说明了该风险准则的科学性和合理性。

  6. Determinants of farmers' tree-planting investment decisions as a degraded landscape management strategy in the central highlands of Ethiopia

    Science.gov (United States)

    Gessesse, Berhan; Bewket, Woldeamlak; Bräuning, Achim

    2016-04-01

    Land degradation due to lack of sustainable land management practices is one of the critical challenges in many developing countries including Ethiopia. This study explored the major determinants of farm-level tree-planting decisions as a land management strategy in a typical farming and degraded landscape of the Modjo watershed, Ethiopia. The main data were generated from household surveys and analysed using descriptive statistics and a binary logistic regression model. The model significantly predicted farmers' tree-planting decisions (χ2 = 37.29, df = 15, P labour force availability, the disparity of schooling age, level of perception of the process of deforestation and the current land tenure system had a critical influence on tree-growing investment decisions in the study watershed. Eventually, the processes of land-use conversion and land degradation were serious, which in turn have had adverse effects on agricultural productivity, local food security and poverty trap nexus. Hence, the study recommended that devising and implementing sustainable land management policy options would enhance ecological restoration and livelihood sustainability in the study watershed.

  7. Determinants of farmers' tree planting investment decision as a degraded landscape management strategy in the central highlands of Ethiopia

    Science.gov (United States)

    Gessesse, B.; Bewket, W.; Bräuning, A.

    2015-11-01

    Land degradation due to lack of sustainable land management practices are one of the critical challenges in many developing countries including Ethiopia. This study explores the major determinants of farm level tree planting decision as a land management strategy in a typical framing and degraded landscape of the Modjo watershed, Ethiopia. The main data were generated from household surveys and analysed using descriptive statistics and binary logistic regression model. The model significantly predicted farmers' tree planting decision (Chi-square = 37.29, df = 15, Plabour force availability, the disparity of schooling age, level of perception of the process of deforestation and the current land tenure system have positively and significantly influence on tree growing investment decisions in the study watershed. Eventually, the processes of land use conversion and land degradation are serious which in turn have had adverse effects on agricultural productivity, local food security and poverty trap nexus. Hence, devising sustainable and integrated land management policy options and implementing them would enhance ecological restoration and livelihood sustainability in the study watershed.

  8. FACTORS DETERMINING THE INVESTMENT ATTRACTIVENESS OF THE REGION

    Directory of Open Access Journals (Sweden)

    O. I. Avtsinov

    2014-01-01

    Full Text Available Summary.In the article we can see relevance of the research aimed at creating a favorable investment climate in the country and its regions, as a necessary condition for solving the problems of modernization of industrial production, the introduction of scientific and technological progress in all spheres of public life, the implementation of large-scale social and productive programs. In the study we justify the theoretical principles and reveal the essence of the relationship concepts: investment climate, investment attractiveness and investment activity. It is proved that the investment attractiveness should be considered as a sign of factorial and important component of the investment climate in the region, and investment activity as a sign score. In the study we can see a wide range of factors shaping favorable conditions for investment activities. The author focuses on the importance of non-traditional factors shaping the investment attractiveness of such as reducing the time to connect to power grid, information communication, improvement of tax reporting procedures, clarity of customs work, the introduction of regulations for obtaining permits for construction of facilities and reducing the number of required documents. This article analyzes of the indices and the key factors of investment attractiveness of the Voronezh region, which attract investment, exceeding the national average. The main ones are the development of new industrial parks with good transport, engineering, business infrastructure. Investors in the region have favorable conditions to carry on business on the prepared sites with painted communications, junctions, allowing them to reduce production costs, while correspondingly increasing the investment attractiveness of the area. Success of the attracting investment in the Voronezh region is largely due to the introduction standard of the executive bodies of state power, including 15 documents designed to make the

  9. Shared Investment by NIS and National Labs Develops Cutting-Edge Safeguards Technologies

    Energy Technology Data Exchange (ETDEWEB)

    Anheier, Norman C.; Williams, Laura S.

    2012-04-01

    This article, regarding a new technology for detecting undeclared enrichment at gas centrifuge enrichment plants, was written for the DOE/NNSA NA-24 Highlights, a newsletter intended for public release.

  10. Critical external factors behind hotels' investments in innovation and technology in emerging urban destinations

    OpenAIRE

    Pulido Fernández, Juan Ignacio; Sáez Cala, Antonia; Figueroa Domecq, Cristina

    2011-01-01

    The decision-making processes of tourism firms are being conditioned by the profound transformations taking place in both client demand and destination dynamics. This new scenario requires an increased level of information, innovation and technology if tourism firms are to remain competitive. In particular, information and communication technologies (ICTs) can provide competitive advantages by improving a firm’s knowledge of its own internal structures and of the milieu i...

  11. Six Strategies for Beating the Competition for Information Technology Workers.

    Science.gov (United States)

    Pernal, Michael

    1999-01-01

    Connecticut State University has achieved success in recruiting and retaining information technology (IT) workers through six strategies: modifying the administrative structure to make positions and salaries more attractive; grooming students for IT positions; promoting benefits of university employment; transferring state civil-service employees;…

  12. Literacy and Communication Technologies: Distance Education Strategies for Literacy Delivery

    Science.gov (United States)

    Aderinoye, Rashid

    2008-01-01

    This article examines the promotion of literacy through information and communication technologies (ICTs) and through various modes of distance learning. After a general discussion of these approaches, the article focuses on efforts towards reducing illiteracy in Nigeria through integrated strategies for literacy delivery and especially through…

  13. Simulación de Estrategias de Inversión para Pequeños Caficultores Colombianos Simulation of Investment Strategies for Small Coffee Farmers in Colombia

    Directory of Open Access Journals (Sweden)

    Felipe Abaunza Osorio

    2011-12-01

    Full Text Available El cultivo del café proporciona el sustento de más de medio millón de pequeños caficultores en Colombia. La volatilidad y las fluctuaciones del precio del café dificultan la toma decisiones de inversión afectando la calidad de vida. Los caficultores no cuentan con herramientas para el análisis de esquemas estratégicos, así como el análisis a largo plazo del impacto de estas estrategias sobre sus ingresos. En este trabajo se plantean diferentes esquemas estratégicos de inversión para los caficultores basados en las estrategias genéricas de Porter y en estrategias de diversificación. Para el análisis a largo plazo de algunas de las estrategias propuestas se usa un modelo de dinámica de sistemas, y se tienen en cuenta diferentes escenarios en cuanto a precios del café.Coffee farming is the main source of income for more than half a million peasants in Colombia. These small farmers are exposed to the high volatility of coffee price which causes fluctuations in their income and which is an obstacle for making good investment decisions. In addition, small farmers have no tools for formulating and evaluating investment strategies or for assessing the impact of such strategies in their income. We propose and discuss alternative investment strategies for small coffee farmers. These strategies are based on Porter's generic strategies and on diversification strategies. To evaluate the long-run effect of alternative investment plans in farmers' income, we build a system dynamics simulation model, and run it under several price scenarios.

  14. Agricultural Business Strategy: Theory and Methods for Cost-Effectiveness Investment Analysis in Agro-Energy Production

    Directory of Open Access Journals (Sweden)

    Sonia Prestamburgo

    2016-04-01

    Full Text Available Environmental change is currently considered a high-priority matter, both in the scientific community at large and at the institutional level of national and international governing bodies. Actually, an all-out effort seeks to investigate and advance viable solutions to deal with the global emergencies regarding to anthropic climate change; increasing demands for renewable sources of energy, technological innovation and energy-saving systems, ecological and environmental sustainability of natural resources and land. At the core of this worldwide endeavour an increasingly significant role seems destined to the agricultural sector and to agro-energy production systems for the potential benefits in terms of production costs. In fact, the interest in unconventional and low-impact energy sources mandates thorough investigation not only into the advantages, in terms of availability and affordability, but also into the impact on the environment and the quality of the landscape, as well as the aspects regarding the overall measures that need be adopted so as to enable the supply on the market. Given this scenario, the wide-ranging agro-energy question would be incomplete without extensive economic sustainability analyses, serving as operational decision-support tools to measure cost-effectiveness regarding investments in agro-energy production and its use.

  15. Patent Strategy at the Age of High Technology

    Science.gov (United States)

    Aoyama, Hirokazu

    This paper is a summary of the lecture which the author presented at the 5th Hokuriku Workshop for Study of Scientific and Technological Information Activities on the 17th of January in 1986. The author analyzed the present situation and made some suggestions on them ; (1) the role of patent system has shifted from introduction of foreign technologies to independent technological development at the age of high technology, (2) circumstances of rapidly increasing international patent war, particularly patent conflict between U.S. and Japan concerning U.S. ITC, (3) as the service of soft aspects of economy has been closed up, the new business has come to the fore front, and the move to consider technology as a good has been activated, (4) how patent specification should be written, the way of obtaining and protecting patent successfully, (5) basic pattern of patent strategy and what the strategy should be to respond to the enterprises level, (6) present situation of patent information service, effective use of patent maps and information strategy.

  16. Technology Licensing Strategy for Network Product in a Service Industry

    Directory of Open Access Journals (Sweden)

    Xianpei Hong

    2015-01-01

    Full Text Available Technology licensing has gained significant attention in literature and practice as a rapid and effective way to improve firm’s capability of technology innovation. In this paper, we investigate a duopolistic service provider competition market, where service providers develop and sell a kind of network product. In this setting, we analyze the innovating service provider’s four licensing strategies: no licensing, fixed fee licensing, royalty licensing, and two-part tariff licensing. The literature suggests that when the network products can be completely substituted, two-part tariff licensing is the optimal strategy of the innovating service provider. We find that when the network products cannot be completely substituted, two-part tariff licensing is not always optimal. The degree of the product differentiation, the intensity of the network effects, and the R&D cost of the potential licensee play a key role in determining the innovating service provider’s optimal licensing strategies.

  17. Investments in Fossil Energy Technology: How the Government's Fossil Energy R&D Program Has Made a Difference

    Science.gov (United States)

    1997-03-01

    America has the technological capacity to change its energy future. There is no reason, for example, why our nation must continue following a path of rising oil imports when billions of barrels of crude oil remain in domestic oil fields. There is no reason why we cannot continue to use our abundant supplies of high-value, low-cost coal when we have the scientific know-how to remove virtually all of its pollutants and reduce greenhouse gas emissions. There is no reason why we cannot turn increasingly to clean-burning natural gas and tap the huge supplies we know exist within our borders. We remain a nation rich in the fuels that have powered economic growth. Today 85 percent of the energy we use to heat our homes and businesses, generate our electricity, and fuel our vehicles comes from coal, petroleum and natural gas. As we move toward a new century, the contributions of these fuels will grow. By 2015, the United States is likely to require nearly 20 percent more energy than it uses today, and fossil fuels are projected to supply almost 88 percent of the energy Americans will consume. We have the scientific know-how to continue using our fossil fuel wealth without fear of environmental damage or skyrocketing costs. The key is technology - developing cutting edge concepts that are beyond the private sector's current capabilities. Some of the most important innovations in America's energy industry are the results of investments in the Federal government's fossil energy research and development programs. Today, our air and water are cleaner, our economy is stronger, and our industries are more competitive in the global market because these programs have produced results. This booklet summarizes many of these achievements. It is not a comprehensive list by any means. Still, it provides solid evidence that the taxpayers' investment in government fossil energy research has paid real and measurable dividends.

  18. Scaling up Corporate Social Investments in Education: Five Strategies That Work. Global Views. Policy Paper 2012-01

    Science.gov (United States)

    van Fleet, Justin W.

    2012-01-01

    Scaling up good corporate social investment practices in developing countries is crucial to realizing the "Education for All" and "Millennium Development Goals". Yet very few corporate social investments have the right mix of vision, financing, cross-sector engagement and leadership to come to scale. Globally, 67 million…

  19. CONDITIONS OF INVESTMENT DECISION-MAKING IN AREA OF RFID TECHNOLOGY

    Directory of Open Access Journals (Sweden)

    Marzena Jankowska-Mihułowicz

    2014-07-01

    Full Text Available The application of the electronic product code (EPC in an enterprise may turn out to be one of the choices in the future. The subject of this article is an analysis preceding decisive conditions in an investment process of its implementation. These reflections are preceded by the research in Polish enterprises, aiming at an estimation of the possibility of the RFID (Radio Frequency IDentification transponder commercialisation (market potential being consistent with the EPC requirements. Conducting such research in the future will lead to a decrease in the decision gap among managers within the scope of the possibility of implementing the innovative solution described, as well as the anticipated business results.  Methods of analysis and synthesis have been applied, within the theory of decision-making and telecommunications. An interdisciplinary approach to the issue in question constitutes the added value of this article.  The conclusion comprises a synthesis of the article contents—crucial decisive areas that require monitoring and simultaneous estimation (now and in the future regarding implementation of the electronic product code in an organization. In general, these areas are macro environment, competitive environment, strategic potential of an organization, and managers’ decisiveness.

  20. China’s Outward Foreign Direct Investment:The Role of Natural Resources and Technology

    Institute of Scientific and Technical Information of China (English)

    PAN; WANG; ZHIHONG; YU

    2014-01-01

    Using the data of China’s OFDI in more than 150 host countries or regions for the period of 1991-2009, in this paper we examine the underlying motivations and locational determinants of China’s OFDI, with a focus on the role of natural resources and technology. Our findings indicate that the host country’s natural resource abundance, interacted with its institutional quality, is a crucial determinant of China’s OFDI. There is strong evidence that in the recent period of 2003-2009, the host country’s overall natural resource abundance, oil abundance and metal abundance had a sizable positive effect on China’s OFDI. In particular, China’s OFDI was driven to resource-abundant countries with poor institutional quality and governance, and this pattern was strongest for oil but not metal resources. However, we find little evidence supporting the resourceseeking motivation in the pre-2003 period. Furthermore, we find strong evidence for the technology-exploiting motivation but not for the technology-seeking hypothesis. We show that, when the host is a lowincome country, China’s OFDI increases if the host country’s technology is more backward, indicating that Chinese investors might be taking advantage of their technology gap relative to the local firms.

  1. Influenza Vaccine: Federal Investments in Alternative Technologies and Challenges to Development and Licensure

    Science.gov (United States)

    2011-06-01

    late 1990s and early 2000s, detection of the H5N1 avian influenza (also known as “bird flu”) virus in animals raised concerns among experts that it or...of infection by, for example, the H5N1 avian influenza virus (also known as “bird flu”). Alternative technologies that can be used in producing...genes. Recombinant technology is currently used in U.S.-marketed vaccines against other diseases, such as hepatitis B and the human papillomavirus

  2. Foreign Direct Investment and Technology Spillovers:Evidence from China’s manufacturing industry

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    <正>FDI will cause technological advance in host industry by its spillover effects.The approaches of technology spillover include horizontal spillover and vertical spillover.Most scholars do research on the two kinds of spillover effects separately. Therefore,by using panel data and Malquist index of China’s manufactuting industry, this paper analyses the two spillover effects of FDI on China’s manufacturing industry in one frame in order to test scientifically the spillover effects of FDI on China’s manufacturing industry.

  3. Perspectives of energy technologies: scenarios and strategies at the 2050 vista; Perspectives des technologies de l'energie: scenarios et strategies a l'horizon 2050

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2008-07-01

    Every two years, the International Energy Agency (IEA) publishes the 'Energy Technology Perspectives' (ETP) report which analyses the foreseeable energy scenarios and strategies at the 2050 vista and stresses on the best available technologies. For the first time, the IEA describes in this study a scenario allowing to divide by two the CO{sub 2} emissions at the world scale, i.e. compatible with the 'factor 4' scenario of industrialized countries. The study estimates the R and D needs and the necessary additional investments to meet the different tendentious and voluntaristic scenarios proposed by the IEA. This 15. session of the cycle of energy-climate conferences aimed at presenting, from the ETP 2008 study, a thorough examination of the present day situation and perspectives of existing or future 'clean' energy technologies through the analysis of several scenarios. An examination of the interpretation of these scenarios at the France and European levels is made in order to define what should be the trends of public policies and international cooperation. This document gathers the transparencies of the two presentations given during this conference. The first presentation by Pieter Boot, Director of the Office of Sustainable Energy Policy and Technology of IEA, makes a synthesis of the ETP study and presents the recommendations of the agency. The second presentation by Olivier Appert, President of the French institute of petroleum (IFP), gives a counterpoint of the first presentation by considering the financing and acceptance aspects, in particular from the French point of view. Finally a debate with the audience completes the presentations. (J.S.)

  4. China's overseas strategies for oil and gas investment: implications for Brazil; A estrategia de investimentos externos da China no setor de petroleo e gas natural e suas implicacoes para o Brasil

    Energy Technology Data Exchange (ETDEWEB)

    Pinho, Alice Kinue Jomori de; Fonseca, Maria Mendes da; Silva, Roberta Salomao Moraes da [Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis (ANP), Rio de Janeiro, RJ (Brazil)

    2012-07-01

    The present work discuss Chinese strategies for making foreign investments in O and G sector, taking into account NOC's huge investment capability and increasing oil demand with sustains China's economic growth. Initially, the effect of China's economic growth rate on international oil market is addressed. The paper also details the relationship between Chinese NOCs and the Government, highlighting their aims and strategies, as well as the results of their results. Finally, this article evaluates how those strategies can affect Brazilian O and G upstream sector. Despite of concerns on Chinese government interference in NOCs management and decision processes, it is show that those State companies pursue much wider objectives, which transcend the mere search for energy security, such as asset diversification, access to new technologies and strengthening of their positions in global economic context. Doing so, those enterprises can become, in the long run, valuable partners of Brazilian PETROBRAS in E and P activities in pre-salt areas, building a win-win relationship not only for the companies involved but also for Brazil and China. (author)

  5. Indicators of responsible investing

    NARCIS (Netherlands)

    Scholtens, Bert

    2014-01-01

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

  6. Investment in Success

    Science.gov (United States)

    Weinstein, Margery

    2010-01-01

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

  7. Devise and design a technology strategy in power distribution industrial, Case study: great tehran electrical distribution company.

    Directory of Open Access Journals (Sweden)

    Ali Mighi

    2016-03-01

    Full Text Available Given the increasing importance of technology in organizational development, considered as one of the most important issues of strategic enterprise technology strategy actually. The increasing production and consumption of electric energy in the developing world and interconnected and expand interaction with other development of industrial, trade, agriculture activities, and services power industry development has become one of the pillars. Industry is an industry study in the field of power supply providing electricity services to consumers and applicants; to determine priorities for future investment, technology strategy is to develop their technological needs thereby determine the scope of its activities in the future. This study was conducted to answer the following questions: What are the industry's technological capabilities? Technologies required by industry to offer new services to their business in what condition? What are important development technologies of this industry? The models presented in this article were positioning school and then focus on these patterns according to industry characteristics studied, Hax and Majlof was considered as the base model and making changes in some of its parts, including technology risk assessment in addition to the capability and attractiveness, the final model was presented.

  8. 我国对非洲矿业投资的战略%The mining investment is key point of our country to the African investment strategy

    Institute of Scientific and Technical Information of China (English)

    张华

    2009-01-01

    In recent years, our country positively realized superiority supplementarily of China and Africa, expanded investment to the African, Chinese and Africa's friendly cooperation already penetrates into each level, each aspect, each domain. China and Africa multiplies gradually in the cooperation of resources development and the minerals trade, and has yielded the very big result. Mineral resource is extremely rich in Africa, and has the very strong complementarity with our country. Chinese and Africa are willing in the resources domain development mutual benefit win-win cooperation, seize the opportunity and communal development. One hand, Economy development of African first needs take raw material as a foundation; On the other hand, our country economy development also needs to solve a problem of bottleneck of the energy and the mineral resource, therefore, our country invests to Africa should place in with emphasis the mining industry and the processing industry.%近年来,我国积极实现中非优势互补,扩大对非投资,中国与非洲的友好合作已经深入到各个层次、各个方面、各个领域.中非在资源开发方面的合作与矿产品贸易的内容逐渐多元化,并取得了很大成果.非洲的矿产资源十分丰富,并且与我国具有很强的互补性.中非两国愿意在资源领域开展互利双赢的合作,把握机遇,共同发展.由于一方面,非洲经济的发展首先需要以原材料为基础;另一方面,我国经济的发展也需要解决能源及矿产资源的瓶颈问题,因此,我国对非洲投资的重点应该放在矿业及其加工业上.

  9. Combination of real options and game-theoretic approach in investment analysis

    Science.gov (United States)

    Arasteh, Abdollah

    2016-02-01

    Investments in technology create a large amount of capital investments by major companies. Assessing such investment projects is identified as critical to the efficient assignment of resources. Viewing investment projects as real options, this paper expands a method for assessing technology investment decisions in the linkage existence of uncertainty and competition. It combines the game-theoretic models of strategic market interactions with a real options approach. Several key characteristics underlie the model. First, our study shows how investment strategies rely on competitive interactions. Under the force of competition, firms hurry to exercise their options early. The resulting "hurry equilibrium" destroys the option value of waiting and involves violent investment behavior. Second, we get best investment policies and critical investment entrances. This suggests that integrating will be unavoidable in some information product markets. The model creates some new intuitions into the forces that shape market behavior as noticed in the information technology industry. It can be used to specify best investment policies for technology innovations and adoptions, multistage R&D, and investment projects in information technology.

  10. Energy technology perspectives: scenarios and strategies to 2050 [Russian version

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2006-07-01

    At their 2005 summit in Gleneagles, G8 leaders confronted questions of energy security and supply and lowering of CO{sub 2} emissions and decided to act with resolve and urgency. They called upon the International Energy Agency to provide advice on scenarios and strategies for a clean and secure energy future. Energy Technology Perspectives is a response to the G8 request. This work demonstrates how energy technologies can make a difference in a series of global scenarios to 2050. It reviews in detail the status and prospects of key energy technologies in electricity generation, buildings, industry and transport. It assesses ways the world can enhance energy security and contain growth in CO{sub 2} emissions by using a portfolio of current and emerging technologies. Major strategic elements of a successful portfolio are energy efficiency, CO{sub 2} capture and storage, renewables and nuclear power. 110 figs., 4 annexes.

  11. Energy technology perspectives - scenarios and strategies to 2050

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2006-11-03

    At their 2005 summit in Gleneagles, G8 leaders confronted questions of energy security and supply and lowering of CO{sub 2} emissions and decided to act with resolve and urgency. They called upon the International Energy Agency to provide advice on scenarios and strategies for a clean and secure energy future. Energy Technology Perspectives is a response to the G8 request. This work demonstrates how energy technologies can make a difference in a series of global scenarios to 2050. It reviews in detail the status and prospects of key energy technologies in electricity generation, buildings, industry and transport. It assesses ways the world can enhance energy security and contain growth in CO{sub 2} emissions by using a portfolio of current and emerging technologies. Major strategic elements of a successful portfolio are energy efficiency, CO{sub 2} capture and storage, renewables and nuclear power. 110 figs., 4 annexes.

  12. A Methodology for Assessing the Military Benefits of Science and Technology Investments

    Science.gov (United States)

    2008-09-01

    ratio (BCR) greater than 2 to 1. In the area of biology, intrinsic chemical markers (ICMs) provide a means for verifying that food is fully...1.7 million per year. Since the current wastage due to less than optimal quality is about 20%, the savings due to avoiding wastage is about $2.2...3) focusing commercial capabilities on Army needs, such as food preparation, packaging, and preservation technologies that enabled the development

  13. Achieving ’Appropriate’ Levels of Investment in Technological Change: What Have We Learned,

    Science.gov (United States)

    1977-11-01

    impact of various mechanisms the government might use to stimulate civilian R&D spending and the more rapid diffusion of technological innova - tion. The...Review of Economics and Business, Spring 1977, pp. 7-29; and Richard R.Nelson and Sidney G. Winter, "In Search of a Useful Theory of Innova - tion...that has characterized much of economists’ previous thinking about innova - tion--the distinction between resource allocation decisions involving

  14. Optimal Technology Investment and Operation in Zero-Net-Energy Buildings with Demand Response

    OpenAIRE

    Stadler, Michael

    2009-01-01

    The US Department of Energy has launched the Zero-Net-Energy (ZNE) Commercial Building Initiative (CBI) in order to develop commercial buildings that produce as much energy as they use. Its objective is to make these buildings marketable by 2025 such that they minimize their energy use through cutting-edge energy-efficient technologies and meet their remaining energy needs through on-site renewable energy generation. We examine how such buildings may be implemented within the context of a cos...

  15. Energy Technology Investments: Maximizing Efficiency Through a Maritime Energy Portfolio Interface and Decision Aid

    Science.gov (United States)

    2012-02-09

    Schneck is a certified Lean Six Sigma Black Belt and a graduate of the Georgia Institute of Technology with Highest Honors and a degree in Industrial...Portfolio Interface and Decision Aid Kathleen Schneck Herren Associates Senior Engineering Consultant Lean Six Sigma Black Belt Glen Sturtevant...Navy a tvos - FYI6 Fundl09 (V1) _n_ . ... _lv_ ... ___ l ~ I ~ I 2010 I 2Qll I 20u r\\Mdio,g ($1𔃻) Belt • (SM) -~1ilestones and Decision Points

  16. Heat savings and heat generation technologies: Modelling of residential investment behaviour with local health costs

    DEFF Research Database (Denmark)

    Zvingilaite, Erika; Klinge Jacobsen, Henrik

    2015-01-01

    their primary heating source with secondary heating e.g. a woodstove. This choice results in increased indoor air pollution with fine particles causing health effects. We integrate health cost due to use of woodstoves into household optimisation of heating expenditures. The results show that due...... for private consumers decrease by 66% when all have the option to shift to the technology with lowest variable costs. © 2014 Elsevier Ltd. All Rights reserved...

  17. Transferring federally-funded technologies: New strategies for success

    Energy Technology Data Exchange (ETDEWEB)

    Stenehjem, E.J.

    1993-02-01

    In almost every year of the post-war era, the federal government has spent more on research and development (R D) than has US industry. These expenditures have been divided largely among the nation's federal laboratories and universities and. contrary to widely held beliefs, devoted in greater measure to applied R D than basic research. As pointed out by Salvador, this federally-funded research has resulted in the development of market/application oriented'' technology that, for the most part, has failed to reach the commercial marketplace. This report discusses new strategies for a more success technology transfer.

  18. Transferring federally-funded technologies: New strategies for success

    Energy Technology Data Exchange (ETDEWEB)

    Stenehjem, E.J.

    1993-02-01

    In almost every year of the post-war era, the federal government has spent more on research and development (R&D) than has US industry. These expenditures have been divided largely among the nation`s federal laboratories and universities and. contrary to widely held beliefs, devoted in greater measure to applied R&D than basic research. As pointed out by Salvador, this federally-funded research has resulted in the development of ``market/application oriented`` technology that, for the most part, has failed to reach the commercial marketplace. This report discusses new strategies for a more success technology transfer.

  19. 32 CFR Appendix A to Part 37 - What Is the Civil-Military Integration Policy That Is the Basis for Technology Investment...

    Science.gov (United States)

    2010-07-01

    ... 32 National Defense 1 2010-07-01 2010-07-01 false What Is the Civil-Military Integration Policy That Is the Basis for Technology Investment Agreements? A Appendix A to Part 37 National Defense Department of Defense OFFICE OF THE SECRETARY OF DEFENSE DoD GRANT AND AGREEMENT REGULATIONS...

  20. Evolutionarily stable strategy of carbon and nitrogen investments in forest leaves and its application in vegetation dynamic modeling

    Science.gov (United States)

    Weng, E.; Farrior, C.; Dybzinski, R.; Pacala, S. W.

    2015-12-01

    Leaf mass per area (LMA) and leaf lifespan (LL) are two highly correlated plant traits that are key to plant physiological and ecological properties. Usually, low LMA means short LL, high nitrogen (N) content per unit mass, and fast turnover rates of nutrients; high LMA leads to long LL, low N content, and slow turnover rates. Deciduous trees with low LMA and short lifespan leaves have low carbon cost but high nitrogen demand; and evergreen trees, with high LMA and long lifespan leaves, have high carbon cost but low nitrogen demand. These relationships lead to: 1) evergreen trees have higher leaf area index than deciduous trees; 2) evergreen trees' carbon use efficiency is lower than the deciduous trees' because of their thick leaves and therefore high maintenance respiration; 3) the advantage of evergreens trees brought by their extra leaves over deciduous trees diminishes with increase N in ecosystem. These facts determine who will win when trees compete with each other in a N-limited ecosystem. In this study, we formulate a mathematical model according to the relationships between LMA, LL, leaf nitrogen, and leaf building and maintenance cost, where LMA is the fundamental variable determining the other three. We analyze the evolutionarily stable strategies (ESSs) of LMA with this mathematical model by examining the benefits of carbon and nitrogen investments to leaves in ecosystems with different N. The model shows the ESS converges to low LMA at high N and high LMA at low N. At intermediate N, there are two ESSs at low and high ends of LMA, respectively. The ESS also leads to low forest productivity by outcompeting the possible high productive strategies. We design a simulation scheme in an individual-based competition model (LM3-PPA) to simulate forest dynamics as results of the competition between deciduous and evergreen trees in three different biomes, which are temperate deciduous forest, deciduous-evergreen mixed forest, and boreal evergreen forest. The

  1. Heat savings and heat generation technologies: Modelling of residential investment behaviour with local health costs

    DEFF Research Database (Denmark)

    Zvingilaite, Erika; Klinge Jacobsen, Henrik

    2015-01-01

    their primary heating source with secondary heating e.g. a woodstove. This choice results in increased indoor air pollution with fine particles causing health effects. We integrate health cost due to use of woodstoves into household optimisation of heating expenditures. The results show that due...... heating comfort is minimised. The private solution may deviate from the socio-economical optimal solution and we suggest changes to policy to incentivise the individuals to make choices more in line with the socio-economic optimal mix of energy savings and technologies. The households can combine...

  2. From the NSF: The National Science Foundation’s Investments in Broadening Participation in Science, Technology, Engineering, and Mathematics Education through Research and Capacity Building

    Science.gov (United States)

    James, Sylvia M.; Singer, Susan R.

    2016-01-01

    The National Science Foundation (NSF) has a long history of investment in broadening participation (BP) in science, technology, engineering, and mathematics (STEM) education. A review of past NSF BP efforts provides insights into how the portfolio of programs and activities has evolved and the broad array of innovative strategies that has been used to increase the participation of groups underrepresented in STEM, including women, minorities, and persons with disabilities. While many are familiar with these long-standing programmatic efforts, BP is also a key component of NSF’s strategic plans, has been highlighted in National Science Board reports, and is the focus of ongoing outreach efforts. The majority of familiar BP programs, such as the Louis Stokes Alliances for Minority Participation (now 25 years old), are housed in the Directorate for Education and Human Resources. However, fellowship programs such as the Graduate Research Fellowships and Postdoctoral Research Fellowships under the Directorate for Biological Sciences (and parallel directorates in other STEM disciplines) are frequently used to address underrepresentation in STEM disciplines. The FY2016 and FY2017 budget requests incorporate funding for NSF INCLUDES, a new cross-agency BP initiative that will build on prior successes while addressing national BP challenges. NSF INCLUDES invites the use of innovative approaches for taking evidence-based best practices to scale, ushering in a new era in NSF BP advancement. PMID:27587853

  3. From the NSF: The National Science Foundation's Investments in Broadening Participation in Science, Technology, Engineering, and Mathematics Education through Research and Capacity Building.

    Science.gov (United States)

    James, Sylvia M; Singer, Susan R

    2016-01-01

    The National Science Foundation (NSF) has a long history of investment in broadening participation (BP) in science, technology, engineering, and mathematics (STEM) education. A review of past NSF BP efforts provides insights into how the portfolio of programs and activities has evolved and the broad array of innovative strategies that has been used to increase the participation of groups underrepresented in STEM, including women, minorities, and persons with disabilities. While many are familiar with these long-standing programmatic efforts, BP is also a key component of NSF's strategic plans, has been highlighted in National Science Board reports, and is the focus of ongoing outreach efforts. The majority of familiar BP programs, such as the Louis Stokes Alliances for Minority Participation (now 25 years old), are housed in the Directorate for Education and Human Resources. However, fellowship programs such as the Graduate Research Fellowships and Postdoctoral Research Fellowships under the Directorate for Biological Sciences (and parallel directorates in other STEM disciplines) are frequently used to address underrepresentation in STEM disciplines. The FY2016 and FY2017 budget requests incorporate funding for NSF INCLUDES, a new cross-agency BP initiative that will build on prior successes while addressing national BP challenges. NSF INCLUDES invites the use of innovative approaches for taking evidence-based best practices to scale, ushering in a new era in NSF BP advancement.

  4. HIMSS Venture+ Forum and HX360 Provide Industry View of Health Technology Innovation, Startup and Investment Activity; Advancing the New Model of Care.

    Science.gov (United States)

    Burde, Howard A; Scarfo, Richard

    2015-01-01

    Presented by HIMSS, the Venture+ Forum program and pitch competition provides a 360-degree view on health technology investing and today's top innovative companies. It features exciting 3-minute pitch presentations from emerging and growth-stage companies, investor panels and a networking reception. Recent Venture+ Forum winners include TowerView Health, Prima-Temp, ActuaiMeds and M3 Clinician. As an industry catalyst for health IT innovation and business-building resource for growing companies and emerging technology solutions, HIMSS has co-developed with A VIA, a new initiative that addresses how emerging technologies, health system business model changes and investment will transform the delivery of care. HX360 engages senior healthcare leaders, innovation teams, investors and entrepreneurs around the vision of transforming healthcare delivery by leveraging technology, process and structure.

  5. Determinants of Discretionary Investments

    Directory of Open Access Journals (Sweden)

    K. S. Sujit

    2016-03-01

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

  6. CH市利用外商投资的发展战略%Development Strategy by Using Foreign Investment in CH City

    Institute of Scientific and Technical Information of China (English)

    陈浩; 李童燕

    2011-01-01

    For utilizing foreign direct investment in CH city, there are strengths and weaknesses, opportunities and threats; but comparatively the advantages outweigh the disadvantages, opportunities outweigh the threat. So we should take SO strategy, namely the growth-type strategy. Based on Michael Porter Diamond Model, this paper tries to analyze the strengths of utilizing foreign direct investment in terms of factor endowments, demand, relevant and support industries and enterprise strategy, structure and competition, and comes to a conclusion about strategic choice of utilizing foreign direct investment for CH city.%CH市利用外商直接投资工作优势与劣势并存,机遇与威胁同在,但二者比较,优势大于劣势,机遇大于威胁,故采取SO战略即增长型战略.本文尝试以波特的菱形理论为基础,从要素禀赋、需求情况、相关和支持产业以及企业战略、结构和竞争等方面构建CH市利用外商直接的优势,得出关于CH市利用外商直接投资的战略选择.

  7. Part 2 -- current program integrating strategies and lubrication technology

    Energy Technology Data Exchange (ETDEWEB)

    Johnson, B.

    1996-12-01

    This paper is the second of two that describe the Predictive Maintenance Program for rotating machinery at the Palo Verde Nuclear Generating Station. The Predictive Maintenance program has been enhanced through organizational changes and improved interdisciplinary usage of technology. This paper will discuss current program strategies that have improved the interaction between the Vibration and Lube Oil programs. The {open_quotes}Lube Oil{close_quotes} view of the combined program along with case studies will then be presented.

  8. A Novel Marketing Strategy based on Information Technology

    Institute of Scientific and Technical Information of China (English)

    Zhang Xiao

    2012-01-01

    Marketing, electronic data interchange, internet data center, electric ordering system Abstract:Marketing is the process of performing market research, selling products and/or services to customers and promoting them via advertising to further enhance sales. It generates the strategy that underlies sales techniques, business communication, and business developments. Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications.

  9. 基于DEA模型的最优基金投资策略研究%Research on optimal fund investment strategy based on DEA model

    Institute of Scientific and Technical Information of China (English)

    虞芳; 鲍远娟; 陶超; 朱家明

    2016-01-01

    为慈善基金提出了最优投资策略,定义了投资回报率的度量,投资回报率分别由主成分分析以及数据包络分析模型测量得到,并根据投资回报率选择了10个最优投资的大学。根据马克维茨投资组合理论确定高校投资额,用目标院校近5年投资回报率的平均值和标准差构建了投资组合模型,资金分配的具体比例能唯一确定。根据规模报酬估计投资时间,帮助慈善基金实现利益最大化。%Proposes an optimal investment strategy for charity fund,which mainly includes three parts.First,define a measurement of rate on investment(ROI),the two factors in ROI are measured with principal component analysis (PCA)and data envelopment analysis(DEA)model,respectively.The ten optimal investment universities are selected according to ROI.Second,the investment volume of selected ten universities is determined by Markowitz portfolio theory.Construct the portfolio model with the mean and the standard deviation of ROI during recent 5 years. According to Markowitz portfolio model,the concrete proportion of fund allocation is determined uniquely.Finally, proposes a strategy of estimating the investment time duration based on scale reward to help maximize the fund benefit.

  10. Airline return-on-investment model for technology evaluation. [computer program to measure economic value of advanced technology applied to passenger aircraft

    Science.gov (United States)

    1974-01-01

    This report presents the derivation, description, and operating instructions for a computer program (TEKVAL) which measures the economic value of advanced technology features applied to long range commercial passenger aircraft. The program consists of three modules; and airplane sizing routine, a direct operating cost routine, and an airline return-on-investment routine. These modules are linked such that they may be operated sequentially or individually, with one routine generating the input for the next or with the option of externally specifying the input for either of the economic routines. A very simple airplane sizing technique was previously developed, based on the Brequet range equation. For this program, that sizing technique has been greatly expanded and combined with the formerly separate DOC and ROI programs to produce TEKVAL.

  11. Effects of climate uncertainties on welfare optimal investment streams into mitigation technologies

    Science.gov (United States)

    Held, H.; Kriegler, E.; Lessmann, K.; Lorenz, A.

    2009-04-01

    We discuss a stylised portfolio of climate change mitigation options and ask the following question: what is the intertemporally optimal mix of these options under the boundary condition of a climate guardrail and uncertainty about the temperature response to rising carbon dioxide concentrations? We impose a guardrail that requires the increase of global mean temperature T to be limited to 2K with at least a minimum probability P (e.g., P=0.75). The uncertainty about the temperature response is captured by a PDF for climate sensitivity and ocean heat uptake. For economic optimisation, we use an ensemble-version of the growth model MIND [1]. As a key results we show that robust climate protection paths will require aggressive mitigation measures [2]. In this context it is also possible to ask for the economic potential of reducing uncertainty in climate sensitivity [3] and ocean heat uptake [4] that is generically by orders of magnitude larger than the costs induced by the related research programmes. References [1] O. Edenhofer., N. Bauer, E. Kriegler: The Impact of Technological Change on Climate Protection and Welfare: Insights from the Model MIND. Ecological Economics, 54 (2-3): 277-292 (2005). [2] H. Held, E. Kriegler, K. Lessmann, O. Edenhofer, Efficient Climate Policies under Technology and Climate Uncertainty, Energy Economics, in press. [3] T. Schneider von Deimling, H. Held, A. Ganopolski, S. Rahmstorf, Climate sensitivity estimated from ensemble simulations of glacial climates, Climate Dynamics 27, 149-163, DOI 10.1007/s00382-006-0126-8 (2006). [4] A. Lorenz, Diploma Thesis, U Potsdam (2007).

  12. Impact Goals of Research and Development Technology on the Business Strategy of NTT's Fiber-to-the-Home Deployment

    Science.gov (United States)

    Kimura, Hideaki

    2013-03-01

    Huge investment is needed for introducing a fiber-to-the-home system, so research and development strategy is very important. Requirements for fiber-to-the-home systems have been increased because communication systems have been recognized as one of the lifelines along with water, electricity, and gas. Furthermore, low energy consumption and recyclable eco-friendliness are required for products. NTT has been challenged to reduce capital expenditure, reduce operational expenditure, and create new applications for expanding the number of fiber-to-the-home subscribers from the viewpoint of a technological approach, including access infrastructure, fiber, transmission, and wireless technologies. Due to continuous and strategic technological development, the number of NTT's fiber-to-the-home subscribers is now over 17 million.

  13. Optimal investment strategies under flexible return guarantee%灵活收益保证设定形式下的最优投资策略

    Institute of Scientific and Technical Information of China (English)

    王亦奇; 刘海龙; 刘富兵

    2011-01-01

    we consider optimal investment problem with a more flexible return guarantee which is widely used currently. Using martingale method, we derive the explicit solution under the stochastic interest rate environment. The result shows that the optimal investment strategies include three parts: one is the speculative portfolio strategy, another is the hedge strategy for stochastic interest rate, the other is the hedge strategy for return guarantee. Because the retum guarantee show great flexibility, which is equivalent to endow the fund manager with a option, both the objective function and the optimal solution incorporate a new option item,which enrich the existing investment portfolio theory further. Finally, we take numerical analysis to the dynamic behavior of optimal strategies.%研究了当前被广泛采用的收益保证下的最优投资策略问题.在HJM利率期限结构下,利用鞅方法得到了最优投资策略的解析解.最优投资策略的解包括三个部分:投机策略、利率对冲策略以及收益保证的对冲策略.这种收益保证设定形式给予了投资机构更为灵活的选择,相当于赋予了投资机构一个期权,所以在最优化问题中的目标函数与最优投资策略解中均出现了新的期权项,进一步丰富了现有的投资组合理论.最后对最优投资策略的动态行为进行了数值分析.

  14. Coupled Climate-Economy-Biosphere (CoCEB) model - Part 1: Abatement share and investment in low-carbon technologies

    Science.gov (United States)

    Ogutu, K. B. Z.; D'Andrea, F.; Ghil, M.; Nyandwi, C.; Manene, M. M.; Muthama, J. N.

    2015-04-01

    The Coupled Climate-Economy-Biosphere (CoCEB) model described herein takes an integrated assessment approach to simulating global change. By using an endogenous economic growth module with physical and human capital accumulation, this paper considers the sustainability of economic growth, as economic activity intensifies greenhouse gas emissions that in turn cause economic damage due to climate change. Different types of fossil fuels and different technologies produce different volumes of carbon dioxide in combustion. The shares of different fuels and their future evolution are not known. We assume that the dynamics of hydrocarbon-based energy share and their replacement with renewable energy sources in the global energy balance can be modeled into the 21st century by use of logistic functions. Various climate change mitigation policy measures are considered. While many integrated assessment models treat abatement costs merely as an unproductive loss of income, we consider abatement activities also as an investment in overall energy efficiency of the economy and decrease of overall carbon intensity of the energy system. The paper shows that these efforts help to reduce the volume of industrial carbon dioxide emissions, lower temperature deviations, and lead to positive effects in economic growth.

  15. Private investment in hospitals: a comparison of three healthcare systems and possible implications for real estate strategies.

    Science.gov (United States)

    van der Zwart, Johan; van der Voordt, Theo; Jonge, Hans de

    2010-01-01

    This article explores lessons to be learned from three different healthcare systems and the possible implications for the management of healthcare real estate, in particular in connection to the Dutch system. It discusses similarities and differences among the different systems, in search of possible consequences on cost, financing, and design innovation. To keep healthcare affordable in the future, the Dutch government is currently in the process of changing legislation to move from a centrally directed system to a so-called regulated market system. The deregulation of real estate investment that accompanies the new healthcare delivery system offers healthcare organizations new opportunities, but also more responsibility and greater risk in return on investment. Consequently, healthcare organizations must find new methods of financing. Private investment is one of the options. Three healthcare systems were analyzed on the basis of a literature review and document analysis, then schematized to show similarities and dissimilarities with regard to private investment in hospitals. Observations are based on a selection of recently published articles on private-sector financing and its implications for healthcare real estate decision making in the Netherlands, the United Kingdom, and Germany. The strengths and weaknesses of three healthcare systems with differing proportions of private and public investment in hospitals were explored. Research revealed a gap between intended effects and actual effects with regard to quality and cost. Costly private finance does not necessarily lead to "value for money." Transferring real estate decisions to private investors decreases the influence of the healthcare organization on future costs and quality. The three healthcare systems show substantial differences between public and private responsibilities. Less governmental involvement affords both opportunities and risks for hospitals. Private investment may lead to innovation

  16. Human spaceflight technology needs-a foundation for JSC's technology strategy

    Science.gov (United States)

    Stecklein, J. M.

    Human space exploration has always been heavily influenced by goals to achieve a specific mission on a specific schedule. This approach drove rapid technology development, the rapidity of which added risks and became a major driver for costs and cost uncertainty. The National Aeronautics and Space Administration (NASA) is now approaching the extension of human presence throughout the solar system by balancing a proactive yet less schedule-driven development of technology with opportunistic scheduling of missions as the needed technologies are realized. This approach should provide cost effective, low risk technology development that will enable efficient and effective manned spaceflight missions. As a first step, the NASA Human Spaceflight Architecture Team (HAT) has identified a suite of critical technologies needed to support future manned missions across a range of destinations, including in cis-lunar space, near earth asteroid visits, lunar exploration, Mars moons, and Mars exploration. The challenge now is to develop a strategy and plan for technology development that efficiently enables these missions over a reasonable time period, without increasing technology development costs unnecessarily due to schedule pressure, and subsequently mitigating development and mission risks. NASA's Johnson Space Center (JSC), as the nation's primary center for human exploration, is addressing this challenge through an innovative approach in allocating Internal Research and Development funding to projects. The HAT Technology Needs (Tech Needs) Database has been developed to correlate across critical technologies and the NASA Office of Chief Technologist Technology Area Breakdown Structure (TABS). The TechNeeds Database illuminates that many critical technologies may support a single technical capability gap, that many HAT technology needs may map to a single TABS technology discipline, and that a single HAT technology need may map to multiple TABS technology disciplines. Th

  17. 中国制造业企业跨国投资的战略选择分析%Choice Analysis of Chinese Manufacturing Industryenterprises’ Transnational Investment Strategy

    Institute of Scientific and Technical Information of China (English)

    唐春华; 陈紫棠; 吴爽

    2014-01-01

    作为国民经济的主体和支柱,中国制造业应深刻认识到“走出去”战略的重要性,而跨国投资就是推进企业“走出去”的重要手段。目前,中国制造业企业的跨国投资存在诸多问题,进行正确的战略选择意义重大。在对国际经济合作和国际投资相关基本理论解析的基础上,论述中国制造业企业跨国投资在主体战略选择,区位战略选择和投资方式战略选择三个方面的现状和不尽合理之处,同时建议通过培育企业的国际竞争力,加强法律政策的建立完善等宏微观措施,促进国内制造业企业更好的进行跨国投资。%Under the background of globalization,China’s economy is tightly linked with the world economy.As the main body and pillar of the national economy,manufacturing industry in China should be deeply aware of the importance of the strategy of“going out”.Meanwhile the transnational investment is a vital means of promoting enterprises“going out”.Our manufacturing enterprises’transnational investment has both the necessity and feasibility.But at present,there are many problems in our enterprises’multinational investment,developing the right strategy is of great significance.Based on the theoretical analysis which is related to international economic cooperation and international investment,this paper uses literature analysis and theoretical analysis to analyses the present situation and problems of the choice of subject strategy,location strategy and investment way.And this paper also gives the suggestions to promote domestic manufacturing enterprises to do better.

  18. Promotional Strategies Direct Marketing and Technological Innovations in Banking

    Directory of Open Access Journals (Sweden)

    Valeria Arina BALACEANU

    2011-12-01

    Full Text Available Modern advertising strategies involve the use of a bank's media and consumer incentives, so that banking institution, and thus offer products/services to cause favorable changes in mentality and their consumption habits, also important is the establishment an effective communication with employees, shareholders, competitors. Promotion strategies are essential to business success. Success is guaranteedif the message is sent to the right people at the right time. Promotion has a special place in the marketing mix because it is created by, developed and made known image of the institution, services and products. Technological innovations, but fierce competition and changing purchasing behavior of the beneficiaries of banking services and products banks have challenged management, directing their work towards introduction of modern technologies to promote banking products and services.Adapting to new technologies and innovations in the field needs is strategic for any financial institution aimed at both retail and corporate activity which leads to improved operative staff, by targeting the growing activities of guidance, coordination and advice to clients.

  19. Valuing the attributes of renewable energy investments

    Energy Technology Data Exchange (ETDEWEB)

    Bergmann, Ariel [Economics Department, University of Glasgow, Adam Smith Building, Glasgow G12 8RT (United Kingdom); Hanley, Nick; Wright, Robert [Economics Department, University of Stirling, Stirling FK9 4LA, Scotland (United Kingdom)

    2006-06-15

    Increasing the proportion of power derived from renewable energy sources is becoming an increasingly important part of many countries' strategies to achieve reductions in greenhouse gas emissions. However, renewable energy investments can often have external costs and benefits, which need to be taken into account if socially optimal investments are to be made. This paper attempts to estimate the magnitude of these external costs and benefits for the case of renewable technologies in Scotland, a country which has set particularly ambitious targets for expanding renewable energy. The external effects we consider are those on landscape quality, wildlife and air quality. We also consider the welfare implications of different investment strategies for employment and electricity prices. The methodology used to do this is the choice experiment technique. Renewable technologies considered include hydro, on-shore and off-shore wind power and biomass. Welfare changes for different combinations of impacts associated with different investment strategies are estimated. We also test for differences in preferences towards these impacts between urban and rural communities, and between high- and low-income households. (author)

  20. MicroRNA Detection: Current Technology and Research Strategies

    Science.gov (United States)

    Hunt, Eric A.; Broyles, David; Head, Trajen; Deo, Sapna K.

    2015-07-01

    The relatively new field of microRNA (miR) has experienced rapid growth in methodology associated with its detection and bioanalysis as well as with its role in -omics research, clinical diagnostics, and new therapeutic strategies. The breadth of this area of research and the seemingly exponential increase in number of publications on the subject can present scientists new to the field with a daunting amount of information to evaluate. This review aims to provide a collective overview of miR detection methods by relating conventional, established techniques [such as quantitative reverse transcription polymerase chain reaction (RT-qPCR), microarray, and Northern blotting (NB)] and relatively recent advancements [such as next-generation sequencing (NGS), highly sensitive biosensors, and computational prediction of microRNA/targets] to common miR research strategies. This should guide interested readers toward a more focused study of miR research and the surrounding technology.

  1. Literacy and Communication Technologies: Distance Education Strategies for Literacy Delivery

    Science.gov (United States)

    Aderinoye, Rashid

    2008-11-01

    This article examines the promotion of literacy through information and communication technologies (ICTs) and through various modes of distance learning. After a general discussion of these approaches, the article focuses on efforts towards reducing illiteracy in Nigeria through integrated strategies for literacy delivery and especially through distance learning. After highlighting the strengths and weaknesses of these measures, the author makes some suggestions on how to maximize their effectiveness in helping Nigeria to achieve the targets of the Education for All agenda and the Millennium Development Goals.

  2. 广州公共科技投入问题研究%Study on Problems of Guangzhou Investment in Public Science and Technology

    Institute of Scientific and Technical Information of China (English)

    郑霞

    2012-01-01

    近10年来,广州公共科技投入中出现的总量有限,投入结构不合理、转制机构过多、市属机构科研能力薄弱等问题日益明显.政府应在市场化进一步深化过程下,正确定位公共科技投入的政策,有效发挥公共科研机构组织的作用,克服市场化经济中的一些偏离现象,真正体现公共科技的作用.%In the newly ten years, Guangzhou ranks the first in Guangdong in public science and technology, yet it is just the average level of the whole country, far lower than some other big cities. It has the obvious problems such as lack of the overall investment, unfitness in investment structure, too many units transferred and relative weakness of Guangdong - oriented units. Based on the problems mentioned above, Guangzhou government, in the deepening of the market economy, should make correct policies of the investment in public science and technology, effectively moderate the function of public science and technology organizations and overcome some behaviour in market economy in order to show the real function of the public science and technology.

  3. Broadening opportunities for job seekers with disabilities: strategies to effectively provide assistive technology in One-Stop centers.

    Science.gov (United States)

    Timmons, Jaimie Ciulla; Boeltzig, Heike; Fesko, Sheila Lynch; Cohen, Allison; Hamner, Doris

    2007-01-01

    The Workforce Investment Act (WIA) of 1998 mandates that partners in the One-Stop Career Center (One-Stop) system be prepared to serve a diverse customer base, including job seekers with disabilities. For many such individuals, effective service delivery depends in part on the existence of appropriate and efficient assistive technology (AT) options. This article presents challenges experienced by One-Stop partners related to AT provision as well as strategies for providing effective AT support. Findings from case study research conducted in several One-Stops across the country revealed three strategies that have enhanced employment services and addressed barriers. These are (a) an accurate assessment of AT needs, (b) staff training and practice using the equipment, and (c) the ability to make the most of limited financial resources. Implications for the most efficient ways to provide AT options are discussed.

  4. Investing in Marine Scrubber under Uncertainty with Real Option Thinking

    DEFF Research Database (Denmark)

    Jiang, Liping; Hansen, Carsten Ørts

    works that examine the economic feasibility of scrubber retrofitting through the net present value rule, this paper applies the Real Option Analysis to find the optimal investment strategies. The proposed decision-making framework addresses the uncertainty and the value of deferral option embedded......Scrubber technology is one of the valid alternatives to comply with the tightening sulphur regulation. Due to the high uncertainty associated with the oil price and shipping market, making decision about whether and when to invest in marine scrubber is very difficult. In contrast to the previous...... in the scrubber investment. The multiple sources of investment uncertainties are explicitly analyzed and integrated in the modeling by using Rainbow option. The results demonstrate that the value of the scrubber investment has significantly increased for several cases by considering the deferral option...

  5. Adapting qualitative research strategies to technology savvy adolescents.

    Science.gov (United States)

    Mason, Deanna Marie; Ide, Bette

    2014-05-01

    To adapt research strategies involving adolescents in a grounded theory qualitative research study by conducting email rather than face-to-face interviews. Adolescent culture relies heavily on text-based communication and teens prefer interactions mediated through technology. Traditional qualitative research strategies need to be rethought when working with adolescents. Adapting interviewing strategies to electronic environments is timely and relevant for researching adolescents. Twenty three adolescents (aged 16-21) were interviewed by email. A letter of invitation was distributed. Potential participants emailed the researcher to convey interest in participating. If the inclusion criteria were met, email interviews were initiated. Participants controlled the interviews through their rate of response to interview questions. A grounded theory methodology was employed. Initial contact with participants reiterated confidentiality and the ability to withdraw from the study at any time. Interviews began with the collection of demographic information and a broad opening based on a semi-structured interview guide. All data were permissible, including text, photos, music, videos or outside media, for example YouTube. The participant was allowed to give direction to the interview after initial questions were posed. Email interviews continued until saturation was reached in the data. Participants were enthusiastic about email interviewing. Attrition did not occur. Email interviewing gave participants more control over the research, decreased power differentials between the adolescent and researcher, allowed the study to be adapted to cultural, linguistic and developmental needs, and maintained confidentiality. As participants said that email communication was slow and they preferred instant messaging, replication in faster-paced media is recommended. Repetition in face-to-face settings is warranted to evaluate how technology may have influenced the findings. Implications for

  6. 通胀环境下对冲基金最优投资策略%The optimal investment strategies of hedge funds under inflation

    Institute of Scientific and Technical Information of China (English)

    方和远; 费为银; 芮亚运

    2015-01-01

    研究了使对冲基金管理者和投资者收益最大化的对冲基金最优投资模型,考虑了通胀因素对其投资收益的影响。首先,定义投资者和管理者的价值函数,刻画基金管理者的最优投资问题。其次,通过随机分析和动态规划的方法得出管理者在考虑通胀情形下最优投资杠杆。最后,对结果进行数值分析,并解释其经济意义。%This paper studies a model of optimal investment strategy of hedge funds which maximizes both man-agers and investors'income.In the model,the influence of inflation was considered.After defining the value func-tion of manager and investor,the model characterizes the manager's optimal investment problem.Then,the opti-mal investment leverage under inflation is deduced through the stochastic calculus and the stochastic dynamic programming method.Finally,the results and its economic meaning are analysed.

  7. 政府投资项目跟踪审计策略探讨%Discussion on Follow-up Auditing Strategies for Government Invested Project

    Institute of Scientific and Technical Information of China (English)

    季陆

    2014-01-01

    To carry out follow-up auditing in government invested projects is helpful for legal and reasonable use of funds, and timely controlling of construction cost. It can also improve the investment benefit, promote the project management, and reduce the loss and waste. This paper first analyzes the necessity of strengthening the follow-up auditing of government invested project, and then carries on thorough discussion on the strategies for the follow-up auditing, which is of certain referential value.%院在政府投资项目中实施跟踪审计,有利于合法、合理使用资金,对建设成本进行及时控制,也能够提高投资效益,促进项目管理,减少损失浪费。本文首先分析了加强政府投资项目跟踪审计的必要性,其次,就政府投资项目跟踪审计策略进行了较为深入的探讨,具有一定的参考价值。

  8. Determining the directions of increasing the innovative potential of the region by developing innovative technologies and competences when preparing and implementing large investment projects

    Directory of Open Access Journals (Sweden)

    Timur V. Kramin

    2015-12-01

    Full Text Available Objective to determine the directions of increasing the innovative potential of a region through the development of innovative technologies and competences in the process of preparation and implementation of large investment projects in the Republic of Tatarstan. Methods methodology of project management institutional approach. Results it is proved that the main largescale directions of innovative potential development in the Republic of Tatarstan as a result of preparation and implementing of Universiade 2013 in Kazan are knowledge management information technologies risk management. It is shown that in the framework of the considered innovative areas a complete system was formed of competences of employees and managers in the fields of education trade hospitality and service. Scientific novelty the key directions were defined of increasing the innovative potential of a region through the development of innovative technologies and competences in the process of preparation and implementation of large investment projects by the example of the World Summer Student Games in Kazan in 2013. Practical significance on the basis of specific examples the authors illustrate the practiceoriented mechanism of innovative potential development of a region as a result of implementation of large investment projects. nbsp

  9. A paperless course on structural engineering programming: investing in educational technology in the times of the Greek financial recession

    Science.gov (United States)

    Sextos, Anastasios G.

    2014-01-01

    This paper presents the structure of an undergraduate course entitled 'programming techniques and the use of specialised software in structural engineering' which is offered to the fifth (final) year students of the Civil Engineering Department of Aristotle University Thessaloniki in Greece. The aim of this course is to demonstrate the use of new information technologies in the field of structural engineering and to teach modern programming and finite element simulation techniques that the students can in turn apply in both research and everyday design of structures. The course also focuses on the physical interpretation of structural engineering problems, in a way that the students become familiar with the concept of computational tools without losing perspective from the engineering problem studied. For this purpose, a wide variety of structural engineering problems are studied in class, involving structural statics, dynamics, earthquake engineering, design of reinforced concrete and steel structures as well as data and information management. The main novelty of the course is that it is taught and examined solely in the computer laboratory ensuring that each student can accomplish the prescribed 'hands-on' training on a dedicated computer, strictly on a 1:1 student over hardware ratio. Significant effort has also been put so that modern educational techniques and tools are utilised to offer the course in an essentially paperless mode. This involves electronic educational material, video tutorials, student information in real time and exams given and assessed electronically through an ad hoc developed, personalised, electronic system. The positive feedback received from the students reveals that the concept of a paperless course is not only applicable in real academic conditions but is also a promising approach that significantly increases student productivity and engagement. The question, however, is whether such an investment in educational technology is indeed

  10. Investment Avenues

    Science.gov (United States)

    Jain, Priyanka

    2012-11-01

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

  11. 嵌入收益保证股票挂钩票据的最优投资策略%Optimal Investment Strategies for Guaranteed Equity-linked Notes

    Institute of Scientific and Technical Information of China (English)

    王亦奇; 刘海龙; 徐维东

    2011-01-01

    本文从投资机构的视角出发,将发行嵌入收益保证的股票挂钩票据(GELN)的最优投资策略问题转换为收益保证下的最优投资策略问题进行研究.在随机利率框架下,利用随机最优控制的方法得到了最优投资策略的解.结论表明最优投资策略可以分为三部分:投机策略、利率对冲策略、收益保证对冲策略.由于在GELN产品的标准收益结构中设定了收益的上下限,这就相当于投资机构卖出了一个牛市价差期权给投资者,期权价值被反映在最优化问题的目标函数中,所以最优投资策略解中出现了新的期权参数项.%A competitive investment institution is capable of helping investors ensure maximization of their return on investment (ROI) in equity-linked notes. This study proposes an optimal investment strategy for guaranteed equity-linked notes fiom the perspective of investment institutions. The current literature studies optimal investment strategy based on the assumption of simple returns with low limits. However, this assumption is not sufficient to understand the investment strategy for guaranteed equity-linked notes.This paper adopts a class of standard profit structures of guaranteed equity-linked notes as a reference standard to derive both lower and upper return guarantees limits. A guarantee of ROI can further complicate the process of formulating an optimal investment strategy. This paper solves optimal investment problems associated with new forms of return guarantees by introducing the bull spreads option. The stochastic optimal control method is adopted to improve the existing investment portfolio theory.The result indicates that optimal investment strategies should include three parts: speculative portfolio strategy, hedge strategy for stochastic interest rates, and hedge strategy for a ROI guarantee. The investment portfolio can affect the option price of an asset,thereby affecting the first order derivative of option

  12. 常弹性方差模型下保险人的最优投资策略%Insurer's optimal investment strategy under constant elasticity of variance model

    Institute of Scientific and Technical Information of China (English)

    荣喜民; 范立鑫

    2012-01-01

    Research insurance funds investment based on constant elasticity of variance (CEV) model, consider a model which the risky asset is modeled by CEV model and the aggregate claims are modeled by a Brownian motion with drift. As employment of premium is different from ordinary, which means that the insurer should keep an eye on underwrite risk when he use insurance funds, assume that investment risk has a linear correlation with underwrite risk. According to stochastic control theory, derive the HJB equation related with insurance problem. This equation is non-linear partial differential equation, yet it is difficult to solve it, change primary problem to the dual problem by using Legendre transform. Through setting the parameter values, the optimal investment strategy for an insurer with CARA or CRRA utility function is presented and the relevant analysis is given, which provides important practical significance for an insurer to invest.%假设风险资产价格服从常弹性方差(CEV)模型,保险人面临的风险过程是带漂移的布朗运动.投资过程与承保风险过程完全相关.根据随机最优控制理论,建立保险基金投资问题的HJB方程.由于该方程是非线性偏微分方程,不易求解,因此采用Legendre变换将其转换成对偶问题进行研究.最后针对特定参数值分别得到以CARA和CRRA效用函数为目标的保险人的最优投资策略,这样的投资策略更符合金融市场的实际要求.

  13. RUSSIAN INDUSTRY INVESTMENT SITUATION

    Directory of Open Access Journals (Sweden)

    O. V. Pochukaeva

    2011-01-01

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

  14. Retrospective Benefit-Cost Evaluation of U.S. DOE Vehicle Combustion Engine R&D Investments: Impacts of a Cluster of Energy Technologies

    Energy Technology Data Exchange (ETDEWEB)

    Link, Albert N. [Univ. of North Carolina, Greensboro, NC (United States)

    2010-05-01

    Advanced Combustion Engine R&D (ACE R&D) is one of the subprograms within DOE's Vehicle Technologies Office. The ACE subprogram's R&D is conducted in cooperation with the DOE Combustion Research Facility (CRF). This report summarizes the findings from a retrospective study of the net benefits to society from investments by DOE (both EERE and cooperative CRF efforts) in laser diagnostic and optical engine technologies and combustion modeling for heavy-duty diesel engines.

  15. MIND THE GAP: ALIGNING INFORMATION TECHNOLOGY WITH THE BUSINESS STRATEGY

    Directory of Open Access Journals (Sweden)

    René Pellissier

    2012-01-01

    Full Text Available Business organizations engage in strategic planning sessions in order to become more compet itive in the chan ging markets, However, despite evidence to the contrary, they do not seem to realize the grow ing value of information and technology in achieving this. Rarely do business organizations reali ze the need for strategic IT planning, and more over , alignment of the busines s and IT strategies in one synergistic, cohesive whole . This paper explores the evolution of IT as competitive medium and as center for growth, innovation and radical change, The notion of IT centered organizations over and above IT as support or enabling function is discussed, It is maintained that organizations that do not deal with the above, that stay in flux or believe in incremental change , will not remain competitive and will be lost in the Information world.

  16. Implementing a learning technology strategy: top–down strategy meets bottom–up culture

    Directory of Open Access Journals (Sweden)

    Bernard Lisewski

    2004-12-01

    Full Text Available Using interview-based ‘insider case study' research, this paper outlines why the University of Salford has adopted a Learning Technologies Strategy and examines the factors which are likely to lead to its successful implementation. External reasons for the adoption focused on the need to: respond to ‘increased Higher Education (HE competition', meet student expectations of learning technology use, provide more flexibility and access to the curriculum, address the possible determining effect of technology and establish a Virtual Learning Environment (VLE presence in this ‘particular area of the HE landscape'. Internal drivers centred on the need to: continue a ‘bottom– up' e-learning pilot project initiative, particularly given that a VLE is a ‘complex tool' which requires effective strategic implementation, and promote the idea that learning technology will play an important role in determining the type of HE institution that the University of Salford wishes to become. Likely success factors highlighted the need to: create ‘time and space' for innovation, maintain effective communication and consultation at all levels of the organization, emphasize the operational aspects of the strategy, establish a variety of staff development processes and recognize the negotiatory processes involved in understanding the term ‘web presence' in local teaching cultures. Fundamentally, the paper argues that policy makers should acknowledge the correct ‘cultural configuration' of HE institutions when seeking to manage and achieve organizational change. Thus, it is not just a question of establishing ‘success factors' per se but also whether they are contextualized appropriately within a ‘correct' characterization of the organizational culture.

  17. A three pronged approach to community scale renewable energy: Education, incremental capital investment and smart grid technology

    Science.gov (United States)

    Demeo, Anna E.

    ; first hand exposure to technology, providing a sense of independence that strengthens communities, and developing a direct link between the energy people use and how that energy is created. Ultimately community scale renewable energy projects help bolster support for large-scale projects that are imperative to making real and lasting progress towards reducing emissions. Finally, technological advancements in renewable energy generation, energy storage and distribution systems, are imperative to replacing fossil fuels. The shift towards a higher penetration of renewable energy into the electric grid can be realized with the implementation of a more sophisticated smart grid, which uses dynamic demand response to alter demand to follow generation. Introduction of tidal power can serve to further stabilize the grid and reduce the amount of storage required. This work describes an interdisciplinary approach to addressing issues of energy, and thereby climate, through substantive efforts in three concentrations; energy literacy education, community driven renewable energy projects based on incremental capital investment and a smart, micro grid encompassing tidal power and other renewable energy source.

  18. Using Educational Technology as an Institutional Teaching and Learning Improvement Strategy?

    Science.gov (United States)

    Stoddart, Patrick

    2015-01-01

    Increasingly, educational technology is identified as crucial to addressing many scale issues around higher education learning and teaching. However, such projects are often run with the technical project goals achieved but the educational goals unrealised. Further, in an age of austerity, all investments must be closely scrutinised as to their…

  19. Oil spill problems and sustainable response strategies through new technologies.

    Science.gov (United States)

    Ivshina, Irena B; Kuyukina, Maria S; Krivoruchko, Anastasiya V; Elkin, Andrey A; Makarov, Sergey O; Cunningham, Colin J; Peshkur, Tatyana A; Atlas, Ronald M; Philp, James C

    2015-07-01

    Crude oil and petroleum products are widespread water and soil pollutants resulting from marine and terrestrial spillages. International statistics of oil spill sizes for all incidents indicate that the majority of oil spills are small (less than 7 tonnes). The major accidents that happen in the oil industry contribute only a small fraction of the total oil which enters the environment. However, the nature of accidental releases is that they highly pollute small areas and have the potential to devastate the biota locally. There are several routes by which oil can get back to humans from accidental spills, e.g. through accumulation in fish and shellfish, through consumption of contaminated groundwater. Although advances have been made in the prevention of accidents, this does not apply in all countries, and by the random nature of oil spill events, total prevention is not feasible. Therefore, considerable world-wide effort has gone into strategies for minimising accidental spills and the design of new remedial technologies. This paper summarizes new knowledge as well as research and technology gaps essential for developing appropriate decision-making tools in actual spill scenarios. Since oil exploration is being driven into deeper waters and more remote, fragile environments, the risk of future accidents becomes much higher. The innovative safety and accident prevention approaches summarized in this paper are currently important for a range of stakeholders, including the oil industry, the scientific community and the public. Ultimately an integrated approach to prevention and remediation that accelerates an early warning protocol in the event of a spill would get the most appropriate technology selected and implemented as early as possible - the first few hours after a spill are crucial to the outcome of the remedial effort. A particular focus is made on bioremediation as environmentally harmless, cost-effective and relatively inexpensive technology. Greater

  20. THE EVALUATION SYSTEM OF DESIGN SOLUTIONS FOR RESIDENTIAL PROPERTY ON THE PRE-INVESTMENT STAGE THROUGH NEURAL NETWORK TECHNOLOGY

    Directory of Open Access Journals (Sweden)

    G. D. Kostsikava

    2016-01-01

    Full Text Available Ever since the Soviet Union design solutions were evaluated according to different criteria and indicators. At the present stage of evaluation systems of design solutions stands systemengineering doctrine is allocated. It is complemented by the theory of efficiency and financial sustainability investment project in view of the general market concept. Also great attention is paid to the virtual object modeling. It is urgent to include the behavior prediction of an investment construction project model at each stage of its life cycle. The high cost of all phases of this life cycle makes it necessary to calculate the feasibility of the investment. Very urgent to do it as accurately as possible and before we start of design works on the stage of the investment plan evaluation. Belarus has legislated pre-investment stage of construction project development. To evaluate the design solution at this stage is necessary to develop an investment justification, a project management plan and a business plan. They will evaluate and will compare several options for future objects by the complex. This requires not only time, but considerable financial costs. In order to optimize the process to develop an evaluation system design solutions based on existing projects. It allows the customer (investor choose design solutions to build the object without developing of pre-design documentations for several options. This system it is advisable to try out the example of apartment house building with the assistance of the national fund of project documentation and objects-analogues data bank. The developed evaluation system of design solutions for residential real estate objects in the pre-investment stage is supposed to use the theory of neural networks and neyroprogramming. This system bases on the input parameters projects. The hidden layer neurons are trained to choose suitable projects of apartment houses with their classification. The projects will be classified

  1. Technology strategy for subsea processing and transport; Technology Target Areas; TTA6 - Subsea processing and transportation

    Energy Technology Data Exchange (ETDEWEB)

    2008-07-01

    OG21 (www.OG21.org) Norway's official technology strategy for the petroleum sector issued a revised strategy document in November 2005 (new strategy planned in 2009). In this document 'Subsea processing and transport' was identified as one of the eight new technology target areas (TTAs). The overall OG21 strategy document is on an aggregated level, and therefore the Board of OG21 decided that a sub-strategy for each TTA was needed. This document proposes the sub-strategy for the technology target area 'Subsea processing and transport' which covers the technology and competence necessary to effectively transport well stream to a platform or to onshore facilities. This includes multiphase flow modelling, flow assurance challenges to avoid problems with hydrates, asphaltenes and wax, subsea or downhole fluid conditioning including bulk water removal, and optionally complete water removal, and sand handling. It also covers technologies to increase recovery by pressure boosting from subsea pumping and/or subsea compression. Finally it covers technologies to facilitate subsea processing such as control systems and power supply. The vision of the Subsea processing and transport TTA is: Norway is to be the leading international knowledge- and technology cluster in subsea processing and transport: Sustain increased recovery and accelerated production on the NCS by applying subsea processing and efficient transport solutions; Enable >500 km gas/condensate multiphase well stream transport; Enable >200 km oil-dominated multiphase well stream transport; Enable well stream transport of complex fluids; Enable subsea separation, boosting compression, and water injection; Enable deepwater developments; Enable environmentally friendly and energy efficient field development. Increase the export of subsea processing and transport technology: Optimize technology from the NCS for application worldwide; Develop new technology that can meet the challenges found in

  2. Investment Invited

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

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

  3. 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....

  4. California Institute of Technology: Caltech Energy Conservation Investment Program. Green Revolving Funds in Action: Case Study Series

    Science.gov (United States)

    Caine, Rebecca

    2011-01-01

    The Caltech Energy Conservation Investment Program (CECIP) was initiated in 2009. It manages $8 million within an existing fund in the school's endowment, which had been created to finance capital projects. Any member of the Caltech community may submit a project proposal, and projects are considered for approval as long as they have at least a 15…

  5. Foreign direct investment and technology spillovers in low and middle-income countries : a comparative cross-sectoral analysis

    NARCIS (Netherlands)

    Jacob, J.; Sasso, S.

    2015-01-01

    In this paper we analyse the trends in Foreign Direct Investment (FDI) flows worldwide across sectors and across value-chain activities, with a particular focus on low- and middle-income countries in comparison with advanced countries. We begin by discussing the growing fragmentation of global produ

  6. [Columbia: strategy for the introduction of educational technology].

    Science.gov (United States)

    Jaramillo, C E

    1979-01-01

    Educational technology has in Colombia a recent history, and its importance is known only to limited circles; therefore this phenomenon has not been understood nor studied by large areas of the national opinion. The public is completely ignorant in this field and the government encourages this situation. The 1st step was made in 1948 by a priest who used the radio as a tool for the education of the citizens. This project faced several technical and scientific obstacles, such as the large volume of the radios, the rarity of electricity in rural areas, the cost of receiving sets and the lack of a technical service. However, the project developed; its actual name is ACPO and its broadcasting station is Radio Sutatenza. ACPO's main function is to provide the rural areas of Colombia with "education and culture"; to do this, ACPO has powerful resources such as: a broadcasting network which covers the whole country plus some neighbouring countries; one of South America's most modern presses; and powerful economic means. From its creation to this day, the education of the Colombian peasant has been the monopoly of ACPO. Television appeared in Colombia in 1954. It was imported with the prospect of using it in the field of education. Television is in the hands of the Organization of American States, which created multinational centres. The system is controlled from Florida, where the staff is trained. In 1969 the international audio-visual centre (Cavisat project) was created, whose base is in Colombia; its goal, a world-wide policy of education available to everyone. The strategy of the Colombian government is to open up education to any type of research, thus preparing the ground for the new imperialistic strategy: to create conditions in which educational technology becomes a need so that its level of development and the logic with which the system was conceived impose with their own strength the general decisions which become necessary in order to transform it into an

  7. Impact of Real-world Factors Influencing Investment Decisions on the Costs and Distribution of Climate Change Mitigation

    Science.gov (United States)

    Edmonds, J.; Iyer, G.; McJeon, H. C.; Leon, C.; Hultman, N.

    2015-12-01

    Strategies to mitigate dangerous anthropogenic climate change require a dramatic transformation of the energy system to reduce greenhouse gas emissions, that in turn requires large-scale investments. Investment decisions depend not only on investment capital availability but also on investment risks. A number of factors such as national policy environments, quality of public and private institutions, sector, firm and technology specific characteristics can affect investors' assessments of risks, leading to a wide variation in the business climate for investment. Such heterogeneity in investment risks can have important implications, as investors usually respond to risks by requiring higher returns for riskier projects; delaying or forgoing the investments; or preferring to invest in existing, familiar projects. We study the impact of variation in investment risks on regional patterns of emissions mitigation, the cost of emissions mitigation and patterns of technology deployment. We modify an integrated assessment model, widely used in global climate policy analyses (the Global Change Assessment Model) and incorporate decisions on investments based on risks along two dimensions. Along the first dimension, we vary perceived risks associated with particular technologies. To do so, we assign a higher cost of capital for investment in low-carbon technologies as these involve intrinsically higher levels of regulatory and market risk. The second dimension uses a proxy to vary investment risks across regions, based on an institutional quality metric published by the World Economic Forum. Explicit representation of investment risks has two major effects. First, it raises the cost of emissions mitigation relative to a world with uniform investment risks. Second, it shifts the pattern of emissions mitigation, with industrialized countries mitigating more, and developing countries mitigating less. Our results suggest that institutional reforms aimed at lowering investment

  8. Portfolios — a strategy for reform in information technology teaching

    African Journals Online (AJOL)

    Erna Kinsey

    teaching methodology for Information Technology (IT) students at the Vaal University of Technology ... The development and availability of skilled manpower in the Informa- ... The rapid advances in technology laid another challenge at the.

  9. On Imprecise Investment Recommendations

    Directory of Open Access Journals (Sweden)

    Piasecki Krzysztof

    2014-08-01

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

  10. A national strategy for the export of US geothermal technology

    Energy Technology Data Exchange (ETDEWEB)

    1989-03-01

    This document presents a proposal for an explicit US strategy to focus this still diffuse interest into a coordinated effort by the public and private sectors to increase exports of US geothermal goods and services over the next five to ten years. This document summarizes the background and need for an explicit US strategy, the factors influencing the development of this strategy, strategy options, and a recommended strategy.

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

    NARCIS (Netherlands)

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

    2009-01-01

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

  12. Technology and intellectual property strategy of a firm: A view through the commons theory lens

    Directory of Open Access Journals (Sweden)

    Mukundan Raghavan

    2013-12-01

    Full Text Available Strategy theory positions technology as a crucial resource of private value creation while commons theory provides governance structures pertinent to resource utilisation. The widening disconnect in the approach towards leveraging a resource and its governance increases the pressure on intellectual property that links strategy and commons. We discern in this work the existence of an implicit relationship between strategy and commons. Based on a multidisciplinary study of strategy, commons, and intellectual property theories, we propose patent pools in the form of semicommons as a strategic appropriation mechanism that balances technology strategy, IP strategy and commons in the pursuit of value creation.

  13. Creative Investment

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

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

  14. Investment Insight Opportunities Ahead

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

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

  15. The Analysis on Investment Strategy of Nickel Mineral Resources in Indonesia%印度尼西亚镍资源投资策略分析

    Institute of Scientific and Technical Information of China (English)

    林志峰; 杨建龙; 洪托

    2015-01-01

    Indonesia has rich nickel ore mineral resources and is one of the major importers of nickel mines for China.In recent years,the government of Indonesia has made great efforts in improving foreign investment environment.However,there still exits too much government intervention,ore export ban,poor infrastructure, strict environmental protection and other problems.Therefore,combining a variety of investment strategies, building joint venture smelters in local areas,building infrastructures,attaching great importance to the environ-mental protection,consulting the embassy of China in Indonesia and other concerned parties,hiring local staffs, increasing investment in exploration and development of nickel resources in Indonesia,accelerating the develop-ment of the internal international management talents,getting the help from the intermediary force and other measures -all these and more can reduce the investment risk of enterprise in Indonesia and ensure the smooth progress of enterprise investment.The feasibility analysis of the policy,law,economic and social benefits in In-donesia concludes that Indonesia is the better nickel resource investment area for Chinese enterprises.%印度尼西亚镍资源丰富,是我国镍矿原料的主要进口国之一。近年来,印度尼西亚政府在不断改善外商投资环境方面做出了很多努力,然而仍然存在着干预过多、原矿出口禁令、基础设施差、环保要求严格等问题。因此,采取多种投资策略相结合、在当地合资建设冶炼厂、进行一部分基础建设、重视环保工作、向驻印尼大使馆等有关人士进行咨询、聘用本土人员、加大镍矿资源勘探开发的投资力度、加快培育企业内部国际化经营管理人才以及借助中介力量等措施可以降低企业在印尼的投资风险、保证企业投资的顺利进行。针对印度尼西亚的政策、法律、经济和社会效益的可行性分析,得出印度尼西亚是

  16. 价格与技术不确定条件下的发电商碳捕获投资模型及分析%The Power Producer's Carbon Capture Investment Model and its Analysis under Price and Technology Uncertainties

    Institute of Scientific and Technical Information of China (English)

    张新华; 叶泽; 李薇

    2012-01-01

    In the 21st century, the emissions of greenhouse gases has brought serious threats to human being's living environment. This growing concern has made carbon emission reduction an important topic in the international community. Because the energy industry is the main producer of carbon dioxide ( CO2 ) , understanding its carbon emission reduction strategy is of prime importance in the sustainable movement. Carbon capture and storage (CCS) investment is a major research field about carbon emission in power producers. This research area contains many uncertainties, such as technology uncertainty, carbon trade price uncertainty and the equilibrium uncertainty of power transaction market. At present, most literatures model the carbon capturing investment as an irreversible investment problem based on the real option theory, and generally consider only one kind of uncertainty. This paper presents an oligopoly power producer's carbon capture investment model under CCS technology uncertainty and carbon trade price uncertainty, and investigates the impact of relevant parameters and policy-related investment subsidy on investment threshold based on the analysis and numerical simulation of the model. Recent literatures on carbon trade price in Europe show that CO2 trade price follows the Geometric Brownian motion. Based on the findings of these literatures, this paper assumes that CCS technology follows the Poisson process, presents an oligopoly power producer's CCS investment value function, and obtains two variables partial differential equations with Bellman equation and Ito's Lemma. By defining a new stochastic variable based on the ratio of carbon trade price to CCS investment triggered by CCS technology progress, we can obtain the analytic solutions of the investment value function. In addition, based on the value matching and smooth pasting conditions of the real option theory, we can obtain the oligopoly power producer's CCS investment threshold conditions; invest

  17. Developing a sustainable energy strategy for a water utility. Part II: A review of potential technologies and approaches.

    Science.gov (United States)

    Zakkour, P D; Gaterell, M R; Griffin, P; Gochin, R J; Lester, J N

    2002-10-01

    Environmental legislation is increasing the amounts of bought-in electricity required for sewage treatment, and generating larger volumes of sewage sludge to be treated and disposed of. Concurrently, concerns over global warming and food safety from sewage sludge recycling on agricultural land is augmenting the costs of conventional sewage and sludge treatment technologies and practices. This paper reviews some emerging technologies and practices that may assist in mitigating these problems in the future. In addition, a number of potential renewable energy technologies available to water companies are reviewed. Results suggest that through the take-up of new technologies, current and future water quality standards could be delivered in a more sustainable way. However, this series of papers also highlights that institutional and political conflicts may have inadvertently failed to recognise the wider effects of improving water quality and lessened the financial support necessary for their widespread take-up. It is also suggested that through the use of a Strategic Environmental Assessment (SEA) approach, stakeholders could gain a better understanding of the broader environmental effects of achieving certain water quality standards and develop policy and long-term investment strategies accordingly. However, to fulfill the information requirements of an SEA, an appropriate appraisal tool that considers many of these factors in unison is required, and a possible technique is suggested.

  18. Computer technology and computer programming research and strategies

    CERN Document Server

    Antonakos, James L

    2011-01-01

    Covering a broad range of new topics in computer technology and programming, this volume discusses encryption techniques, SQL generation, Web 2.0 technologies, and visual sensor networks. It also examines reconfigurable computing, video streaming, animation techniques, and more. Readers will learn about an educational tool and game to help students learn computer programming. The book also explores a new medical technology paradigm centered on wireless technology and cloud computing designed to overcome the problems of increasing health technology costs.

  19. Coupled Climate–Economy–Biosphere (CoCEB model – Part 2: Deforestation control and investment in carbon capture and storage technologies

    Directory of Open Access Journals (Sweden)

    K. B. Z. Ogutu

    2015-04-01

    Full Text Available This study uses the global climate–economy–biosphere (CoCEB model developed in Part 1 to investigate economic aspects of deforestation control and carbon sequestration in forests, as well as the efficiency of carbon capture and storage (CCS technologies as policy measures for climate change mitigation. We assume – as in Part 1 – that replacement of one technology with another occurs in terms of a logistic law, so that the same law also governs the dynamics of reduction in carbon dioxide emission using CCS technologies. In order to take into account the effect of deforestation control, a slightly more complex description of the carbon cycle than in Part 1 is needed. Consequently, we add a biomass equation into the CoCEB model and analyze the ensuing feedbacks and their effects on per capita gross domestic product (GDP growth. Integrating biomass into the CoCEB and applying deforestation control as well as CCS technologies has the following results: (i low investment in CCS contributes to reducing industrial carbon emissions and to increasing GDP, but further investment leads to a smaller reduction in emissions, as well as in the incremental GDP growth; and (ii enhanced deforestation control contributes to a reduction in both deforestation emissions and in atmospheric carbon dioxide concentration, thus reducing the impacts of climate change and contributing to a slight appreciation of GDP growth. This effect is however very small compared to that of low-carbon technologies or CCS. We also find that the result in (i is very sensitive to the formulation of CCS costs, while to the contrary, the results for deforestation control are less sensitive.

  20. Validity of Business Strategy as Driver in Technology Management – A Critical Discussion

    DEFF Research Database (Denmark)

    Tambo, Torben; Østergaard, Klaus

    2015-01-01

    Frameworks for technological development are increasingly requiring that technology must be developed in accordance with the corporate business strategy. It is an interesting tendency that technological development should reflect and interact with central change processes of the enterprise...... in connecting technological design tightly to the business strategy. The purpose of this paper is to advance a research agenda, where long-term orientation of technology is connected to the necessary tools for obtaining insight in assessing adequacy, reliability and quality of business strategy and evaluation....... This is however colliding with challenges in case of normative or prescriptive strategies: Such strategies can be erroneous, misrepresenting, unsubstantiated, short lived, and centrered narrowly in internal top-level management processes. This paper discusses advantages, disadvantages and alternatives...

  1. Energy Saving Melting andRevert Reduction Technology (E0SMARRT): Predicting Pattern Tooling and Casting Dimension for Investment Casting

    Energy Technology Data Exchange (ETDEWEB)

    Nick Cannell; Dr. Mark Samonds; Adi Sholapurwalla; Sam Scott

    2008-11-21

    The investment casting process is an expendable mold process where wax patterns of the part and rigging are molded, assembled, shelled and melted to produce a ceramic mold matching the shape of the component to be cast. Investment casting is an important manufacturing method for critical parts because of the ability to maintain dimensional shape and tolerances. However, these tolerances can be easily exceeded if the molding components do not maintain their individual shapes well. In the investment casting process there are several opportunities for the final casting shape to not maintain the intended size and shape, such as shrinkage of the wax in the injection tool, the modification of the shape during shell heating, and with the thermal shrink and distortion in the casting process. Studies have been completed to look at the casting and shell distortions through the process in earlier phases of this project. Dr. Adrian Sabau at Oak Ridge National Labs performed characterizations and validations of 17-4 PH stainless steel in primarily fused silica shell systems with good agreement between analysis results and experimental data. Further tasks provided material property measurements of wax and methodology for employing a viscoelastic definition of wax materials into software. The final set of tasks involved the implementation of the findings into the commercial casting analysis software ProCAST, owned and maintained by ESI Group. This included: o the transfer of the wax material property data from its raw form into separate temperature-dependent thermophysical and mechanical property datasets o adding this wax material property data into an easily viewable and modifiable user interface within the pre-processing application of the ProCAST suite, namely PreCAST o and validating the data and viscoelastic wax model with respect to experimental results

  2. LOCAL MEASUREMENTS OF THE IMPACT OF QUANTITATIVE AND QUALITATIVE CHARACTERISTICS OF INVESTMENT AND TECHNOLOGICAL DECISIONS ON THE ENVIRONMENT UNDER THE RISK-RELATED CONDITIONS OF MINING INDUSTRY

    Directory of Open Access Journals (Sweden)

    Valentin VELEV

    2010-09-01

    Full Text Available The impact of globalization in a worldwide scale is even more noticeable in the each country during period of world economic crisis due to the differences in the economic status, deformed by the crisis phenomena. In that case, the conflict between global tendencies and local manifestations in the regional aspect of economic phenomena is even more evidently noticeable as a direct reflection of the resource deficiency. The mineral resources are directly related to that process, not only as a first phase of the transformation of the raw material potential for each country, but also as a serious violator of the ecological equilibrium as a result of the applied technologies. Each country is enforced to resolve the various issues related to preserving the own resource potential as much as possible and to subordinate its investment and technological decisions to an integrated and in-depth utilization in compliance with the sustainable development of society

  3. Current State and Development Strategy of CNPC Engineering Technology Service

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    Challenges to CNPC engineering technology service Internal contraction and problems (1) Pricing mechanism for technology service. CNPC engineering technology companies have been under deficit for many years after restructuring, and eight subordinate companies lost 239 million RMB in 2008 and even 770 million RMB in 2009.

  4. Using Technology-Nested Instructional Strategies to Enhance Student Learning

    Science.gov (United States)

    Lumpkin, Angela; Achen, Rebecca M.; Dodd, Regan K.

    2015-01-01

    Students today expect the use of technology in their classes, rather than have to listen to less-than-engaging lectures. College students are connected electronically and incessant technology consumers. As a result, they may prefer the infusion of technologies to help them learn and enjoy the process of learning, rather than having to listen…

  5. Essays on marketing strategy in technology-intensive markets

    NARCIS (Netherlands)

    Stremersch, S.

    2001-01-01

    Marketing scholars have only recently started to explore the strategic marketing challenges faced by firms in technology-intensity (TI) markets. Still, technology is at the core of many contemporary markets and TI markets are unique because of their knowledge-intensity and technological turbulence.

  6. US–China Military Technological Competition and the Making of Chinese Weapons Development Strategies and Plans

    OpenAIRE

    CHEUNG, Tai Ming

    2017-01-01

    How do Chinese decision-makers and strategists view the United States todayas a military strategic competitor especially in light of the US Third Offset Strategy? This brief examines the nature, dynamics, and direction of intensifying US–China military strategic technology competition and how the Third Offset Strategy may influence implementation of Chinese strategies and plans for long-termdevelopment of its military technological and war-fighting capabilities.

  7. Sharing risk between payer and provider by leasing health technologies: an affordable and effective reimbursement strategy for innovative technologies?

    Science.gov (United States)

    Edlin, Richard; Hall, Peter; Wallner, Klemens; McCabe, Christopher

    2014-06-01

    The challenge of implementing high-cost innovative technologies in health care systems operating under significant budgetary pressure has led to a radical shift in the health technology reimbursement landscape. New reimbursement strategies attempt to reduce the risk of making the wrong decision, that is, paying for a technology that is not good value for the health care system, while promoting the adoption of innovative technologies into clinical practice. The remaining risk, however, is not shared between the manufacturer and the health care payer at the individual purchase level; it continues to be passed from the manufacturer to the payer at the time of purchase. In this article, we propose a health technology payment strategy-technology leasing reimbursement scheme-that allows the sharing of risk between the manufacturer and the payer: the replacing of up-front payments with a stream of payments spread over the expected duration of benefit from the technology, subject to the technology delivering the claimed health benefit. Using trastuzumab (Herceptin) in early breast cancer as an exemplar technology, we show how a technology leasing reimbursement scheme not only reduces the total budgetary impact of the innovative technology but also truly shares risk between the manufacturer and the health care system, while reducing the value of further research and thus promoting the rapid adoption of innovative technologies into clinical practice.

  8. A Low-Technology Strategy for Increasing Engagement of Students with Autism and Significant Learning Needs

    Science.gov (United States)

    Carnahan, Christi; Basham, James; Musti-Rao, Shobana

    2009-01-01

    Active engagement is critical to promote learning for students with autism. Although evidence-based strategies exist for promoting engagement for individual students with autism, there are few strategies designed for use with small groups. This study used an ABCAC design to assess the effects of a low-technology use strategy, namely interactive…

  9. A comparison of teaching strategies for integrating information technology into clinical nursing education.

    Science.gov (United States)

    Elfrink, V L; Davis, L S; Fitzwater, E; Castleman, J; Burley, J; Gorney-Moreno, M J; Sullivan, J; Nichols, B; Hall, D; Queen, K; Johnson, S; Martin, A

    2000-01-01

    As health care becomes more information-intensive and diverse, there is a need to integrate information technology (IT) into clinical education. Little is known, however, about how to design instructional strategies for integrating information technology into clinical nursing education. This article outlines the instructional strategies used by faculty in five nursing programs who taught students to use a point-of-care information technology system. The article also reports students' computer acceptance and summarizes IT clinical teaching recommendations.

  10. 广告效应分析与投入策略研究%Analysis of Advertising’s Effect and Investment Strategies

    Institute of Scientific and Technical Information of China (English)

    岳宇君

    2014-01-01

    Advertising plays an increasingly important role in market competition ,which has become an important part of many companies ’ development strategy . Advertising-information diffusion model , advertising-goodwill model and advertising-consumer model are established in this article .The article tries to systematically analyze the effects of advertising .It establishes corporate profit maximization model with market share as state variables and advertising costs as control variables , and analyzes advertising investment strategy with optimal control theory .%广告在市场竞争中扮演越来越重要的角色,已成为许多企业发展战略的重要组成部分。论文建立广告-信息扩散模型、广告-商誉模型和广告-消费者模型,试图系统分析广告的效应。以市场份额为状态变量、广告费用为控制变量,建立了企业利润最大化模型,并运用最优控制理论求解与分析广告的投入策略。

  11. 西部文化产业投融资创新策略%On Strategies for West China Investment Mechanism for Culture Business

    Institute of Scientific and Technical Information of China (English)

    秦智; 谢杰

    2013-01-01

      我国西部地区文化产业投融资存在着银行信贷融资较难、直接融资渠道不畅、金融创新支持不足、产业外资本难以聚集等瓶颈问题,影响了文化产业的规模化扩张。本文以广西为例,借鉴国内外成功经验,提出了加大政府支持力度、扩大银行信贷规模、发挥资本市场融资功能、发展金融创新融资模式、吸收产业外资本、完善中介服务体系等文化产业投融资创新的策略。%  There are many problems of cultural industry investment and financing in western region of China, such as bank credit financing is difficult, direct financing channel is impeded, financial innovation support is insufficiency, the outside capital of industry is difficult to gather and so on . This paper according to the present situation of China's money market and capital market, through the successful experience at home and abroad for reference, takes guangxi as an example, to propose the strategy of strengthening the government support, expanding the bank credit scale, giving full play to the capital market financing function, developping the financial innovation financing mode, absorbing outside capital of industry and perfecting the intermediary service system to construct culture industry investment and financing innovation mode .

  12. 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...

  13. Transition strategies for managing technological discontinuities: lessons from the history of the semiconductor industry

    NARCIS (Netherlands)

    Stoelhorst, J.W.

    2002-01-01

    This paper explores the nature of competition under conditions of technological change and asks how firms can manage technological discontinuities. By drawing on the literatures on strategic management and technology dynamics, it is proposed that firms should change the nature of their strategy as a

  14. A New Approach for Preventive/Corrective Control Strategy to Avoid Voltage Collapse Based on FACTS Devices Investment

    Science.gov (United States)

    El-Araby, E. E.; Yorino, Naoto; Sasaki, Hiroshi

    This paper proposes a new method of optimal FACTS devices allocation to be used in the preventive/corrective control (PCC) against voltage collapse. The new formulation takes into consideration the transition states that the power system may expose such as normal state and contingency states. For the severe contingencies that drive the system to voltage collapse, the corrective control is initiated by means of fast response of FACTS and load shedding to restore the system with small positive load margin, then the preventive control is carried out using all the fast and slow devices ensuring security margin and voltage feasibility. For this control strategy, FACTS allocation are determined based on the minimum cost for the installations and the operations.. The problem is formulated as a mixed integer nonlinear programming problem, which is solved using hybrid genetic algorithm/successive liner programming (GA/SLP) approach. The IEEE 57 bus system is tested to demonstrate the effectiveness of the proposed method.

  15. [Strategy and core technologies for the secondary development of Chinese patent medicine].

    Science.gov (United States)

    Zhagn, Bo-Li; Fan, Xiao-Hui; Liu, Yang; Qu, Hai-Bin; Zhang, Jun-Hua; Chegn, Yi-Yu

    2013-11-01

    Secondary development of Chinese Patent Medicine (CPM) is an effective and innovation-driven way for the leaping development of Chinese medicine industry with less investment and faster return. Aim to improving the efficacy, safety and batch-to-batch consistency of CPMs, the theory and methodology for the secondary development of CPMs, mode for cultivating superior CPM, approaches to reforming the pharmaceutical technology and the corresponding core technologies were proposed in this paper, which is summarized as 'One objective, Three analyses, Five definitudes and Seven improvements'.

  16. 基于网络DEA的科技创新型企业投资效率评价分析%The Evaluation and Analysis of Investment Efficiency of Scientific and Technological Innovation Oriented Enterprises Based on Network DEA

    Institute of Scientific and Technical Information of China (English)

    彭佑元; 王婷

    2016-01-01

    Investment efficiency is the key factor affecting the enterprise value . In the transformation process of dividing investment on the basis of sub-stage , we should establish investment efficiency model and indicator system as well as adopt two -stage network DEA to measure the improvement degree of the investment ratio and non -efficiency investment of Chinese listed technological innovators . The empirical results show that the investment efficiency of listed technological innovators at sub -stage is lower , and the investment redundancy in three areas of R&D expenditure , intangible assets and long -term investment is very obvious . But the investment efficiency of most list-ed companies at the two stages tends to become doubly efficient over time .%企业投资效率是影响企业价值的关键因素.本文在划分投资转化过程子阶段的基础上构建投资效率评价模型及指标体系 ,运用二阶段网络DEA方法测算我国创业板科技创新型上市公司2012~2014年投资效率值及非效率投资的改进程度.实证结果表明 ,科技创新型上市公司利润产生子阶段投资效率较低 ,并且研发支出、无形资产以及长期投资三方面的投资冗余现象明显 ,但是多数上市公司两个阶段的投资效率随着时间的推移逐渐趋向双重高效.

  17. NASA Astrophysics Technology Needs

    Science.gov (United States)

    Stahl, H. Philip

    2012-01-01

    July 2010, NASA Office of Chief Technologist (OCT) initiated an activity to create and maintain a NASA integrated roadmap for 15 key technology areas which recommend an overall technology investment strategy and prioritize NASA?s technology programs to meet NASA?s strategic goals. Science Instruments, Observatories and Sensor Systems(SIOSS) roadmap addresses technology needs to achieve NASA?s highest priority objectives -- not only for the Science Mission Directorate (SMD), but for all of NASA.

  18. News Note: National Strategy for Multi-wavelength Astronomy

    Science.gov (United States)

    2016-06-01

    The Department of Science and Technology (DST) has released the National Strategy for Multiwavelength Astronomy, which is intended to allow South Africa to take full advantage of its geographical advantages, and to maximise the return on investment made in astronomy.

  19. DevelOpment Strategy of CNPC Engineering Technology Service

    Institute of Scientific and Technical Information of China (English)

    Yang Qingli; Liu Bingyi; Zheng Yi; Zhu Jingping; Jiang Xinsheng

    2011-01-01

    An overview of CNPC engineering technology service As an important backup and guarantee for CNPC's oil and gas business, engineering technology service companies have focused on the goal of building an integrated international energy company, and launched new round of specialized restructuring and business integration since the end of 2007, in accordance with the principle of intensification, specialization, and integration.

  20. Towards a Resilient Strategy for Technology-Enhanced Learning

    Science.gov (United States)

    Hall, Richard

    2011-01-01

    Purpose: This paper sets out to argue that the strategic implementation of technology is implicated in a range of crises or socio-economic disruptions, like peak oil, climate change and the rising environmental costs of energy consumption. It aims to argue that institutional technological implementation is contested, complex and should not be…

  1. 二元风险模型下的保险公司最优投资策略%The Optimal Investment Strategy for Insurers with Bidimensional Risk Model

    Institute of Scientific and Technical Information of China (English)

    张明善; 姚珣; 赵武; 唐小我

    2011-01-01

    Risk control is an important topic for companies to minimize the negative impact of a global financial crisis on a company's financial performance. Buying insurance is a feasible way to transfer financial risks to a third party. Classical literature commonly manages risks using the ruin probability of insurers. However, many unresolved issues related to risk control remain. For instance, how can a firm estimate an insurer's ruin probability if its insurance company were also in the market for investment? How can a firm arrange investment strategies to minimize risks for the insurer? To address these two issues, this paper first discussed the general optimal investment strategy adopted by an insurance firm. Two dimensional insurance risk models with the stochastic perturbation were also explained. We then presented the exponential upper bound of ruin probability in these models. This paper discussed four parts relating to an insurer's investment. The first part was minimization of bankruptcy risk by having the parent corporation adopt a reasonable investment strategy if subsidiaries invest in different markets or different risk securities in the same market. The second part discussed investment issues that are embedded into two dimensional insurance risk models and are hardly resolved if two insurance subsidiaries adopt the constant investment strategy. The third part calculated the optimal proportion of the investment (→K)· by assuming that the constant investment strategy would be adopted and exponential upper bound for the ruin probability could be obtained with the martingale approach. The fourth part assumed that the sum of claim vector obeys Farlie - Gumbel - Morgensteru distribution with double variables. We also gave a specific example to verify the results. In conclusion, if two subsidiaries of an insurance corporation invest in the market with risks, they can effectively control the risk of insurance company by using the exponential upper bound of ruin

  2. Understanding technology use and constructivist strategies when addressing Saudi primary students' mathematics difficulties.

    OpenAIRE

    Alabdulaziz, M.; Higgins, S

    2017-01-01

    This paper will investigate the relationship between technology use and the use of constructivist strategies when addressing Saudi primary students' mathematics difficulties. Semi-structured interviews and observations were used for the purpose of this research, which were undertaken with three mathematics teachers from school A which used technology, and the other three from school B, which did not use technology. We found that technology can support constructivist approach when teaching and...

  3. Promotional Strategies Direct Marketing and Technological Innovations in Banking

    OpenAIRE

    Valeria Arina BALACEANU

    2011-01-01

    Modern advertising strategies involve the use of a bank's media and consumer incentives, so that banking institution, and thus offer products/services to cause favorable changes in mentality and their consumption habits, also important is the establishment an effective communication with employees, shareholders, competitors. Promotion strategies are essential to business success. Success is guaranteed if the message is sent to the right people at the right time. Promotion has a special place ...

  4. 基于互联网思维的九宫格宽带立体投资策略研究%Research on the Strategy of the Scratchable Latex Broadband Solid Investment Based on the Internet Thinking

    Institute of Scientific and Technical Information of China (English)

    朱芳姣

    2015-01-01

    市场宽带占有率低,市场空间巨大,如何更好、更高效率地投资、拓展市场变得愈发重要。基于此,提出了互联网思维的九宫格投资模型做策略研究。%Broadband market share was low, and the market space was huge. How to better and more efficiently invest and develop the market became important on . Then the scratchable latex investment model of Internet thinking was put forward for strategy research.

  5. Practice management companies. Creating sound information technology strategies.

    Science.gov (United States)

    Cross, M A

    1997-10-01

    Practice management companies are becoming more prominent players in the health care industry. To improve the performance of the group practices that they acquire, these companies are striving to use updated information technologies.

  6. Physics Learning Strategies with Multi-touch Technology

    Science.gov (United States)

    Potter, Mark; Ilie, C.; Schofield, D.

    2011-03-01

    Advancements in technology have opened doorways to build new teaching and learning methods. Through conjunctive use of these technologies and methods, a classroom can be enriched to stimulate and improve student learning. The purpose of our research is to ascertain whether or not multi-touch technology enhances students' abilities to better comprehend and retain the knowledge taught in physics. At their basis, students learn via visual, aural, reading/writing, and kinesthetic styles. Labs provide for all but the aural style, while lectures lack kinesthetic learning. Pedagogical research indicates that kinesthetic learning is a fundamental, powerful, and ubiquitous learning style. By using multi-touch technology in lecture, not only can we accommodate kinesthetic learners, but we can also enrich the experiences of visual learners. Ushering to this wider array of students will hopefully lead to an increase in meaningful learning.

  7. Technology roadmapping for strategy and innovation charting the route to success

    CERN Document Server

    Isenmann, Ralf; Phaal, Robert

    2013-01-01

    Technology roadmapping is a core method to help companies and other organisations gain orientation for future opportunities and changes. This book is a key resource for technology roadmapping – it provides expert knowledge in four areas: To frame/embed technology roadmapping To structure the process and tasks of technology roadmapping To implement technology roadmapping into corporate strategies To link technology roadmapping to further instruments of strategic planning and corporate foresight This comprehensive survey of technology roadmapping includes papers from leading European, American and Asian experts: It provides an overview of different methods of technology roadmapping and the interactions between them It familiarises readers with the most important sub-methods It embeds/links technology roadmapping to the overall framework of management research and business studies This book, the first of a series, is unique: it aims to become the leading compendium for technology roadmapping knowledge and prac...

  8. Technological innovation and developmental strategies for sustainable management of aquatic resources in developing countries.

    Science.gov (United States)

    Agboola, Julius Ibukun

    2014-12-01

    Sustainable use and allocation of aquatic resources including water resources require implementation of ecologically appropriate technologies, efficient and relevant to local needs. Despite the numerous international agreements and provisions on transfer of technology, this has not been successfully achieved in developing countries. While reviewing some challenges to technological innovations and developments (TID), this paper analyzes five TID strategic approaches centered on grassroots technology development and provision of localized capacity for sustainable aquatic resources management. Three case studies provide examples of successful implementation of these strategies. Success requires the provision of localized capacity to manage technology through knowledge empowerment in rural communities situated within a framework of clear national priorities for technology development.

  9. A Novel Method for Technology Forecasting and Developing R&D Strategy of Building Integrated Photovoltaic Technology Industry

    Directory of Open Access Journals (Sweden)

    Yu-Jing Chiu

    2012-01-01

    Full Text Available Because of global warming, renewable energy technologies have become more essential currently, with solar energy technology advancing worldwide. Therefore, interdisciplinary integration is an important trend, and building-integrated photovoltaic (BIPV is an emerging technology involving the photovoltaic and building fields. The purpose of this study is to understand the technology evolution of BIPV and to determine the R&D planning direction. This paper proposes a hybrid approach to explore the life cycle of BIPV technology and develop the R&D strategy of related industries. The proposed approach comprises the following submodules. First, patent analysis is employed to transform patent documents into structured data. Second, the logistic growth model is used to explore the life cycle of BIPV technology. Third, a patent matrix map analysis is used to develop the R&D strategy of the BIPV industry. Through the analysis by the logistic model, the BIPV technology is transformed from the emerging stage to the growth stage of a long-term life cycle. The other important result is created by the three-dimensional matrix for R&D strategies in this paper.

  10. 己内酰胺生产技术进展及项目投资分析%Caprolactam production technological prowess and project investment analysis

    Institute of Scientific and Technical Information of China (English)

    杨军; 冯美平

    2013-01-01

    The caprolactam production technologies were briefly introduced. The latest progress in caprolactam production technology was described in detail, including butadiene process, cyclohexene hydration, cyclohexanone oxime gas-phase Beckmann rearrangement, cyclohexanone oximation. The ammoximation process and hydroxylammonium phosphate ( HPO) process were compared and analyzed for caprolactam. It was pointed out that the ammoximation process had the characteristics of simple process, moderate conditions, low-level three wastes and low investment. The investment prospects of caprolactam projects were analyzed. It was put forward that SINOPEC should carefully conduct project evaluation in order to avoid risk while constructing a caprolactam project applying the cyclohexanone ammoximation process with the independent intellectual property or traditional cy-clohexane route.%简述了己内酰胺生产现状;详述了己内酰胺生产技术最新进展,包括丁二烯工艺、环己烯水合工艺、环己酮肟气相贝克曼重排新工艺、环己酮氨肟化工艺;对比剖析了己内酰胺氨肟化新工艺技术与HPO法技术,指出环己酮氨肟化新工艺具有流程简化,反应条件温和,三废少,投资少的特点;并对己内酰胺项目投资前景进行分析,提出中石化采用环己酮氨肟化法自主技术及环己烷法生产工艺路线新建己内酰胺项目并做好项目评估,规避项目风险.

  11. Investments in fossil energy technology: How the government's fossil energy R&D program has made a difference

    Energy Technology Data Exchange (ETDEWEB)

    None, None

    1997-03-01

    America has the technological capacity to change its energy future. There is no reason, for example, why our nation must continue following a path of rising oil imports when billions of barrels of crude oil remain in domestic oil fields. There is no reason why we cannot continue to use our abundant supplies of high-value, low-cost coal when we have the scientific know-how to remove virtually all of its pollutants and reduce greenhouse gas emissions. There is no reason why we cannot turn increasingly to clean-burning natural gas and tap the huge supplies we know exist within our borders. We remain a nation rich in the fuels that have powered economic growth. Today 85 percent of the energy we use to heat our homes and businesses, generate our electricity, and fuel our vehicles comes from coal, petroleum and natural gas. As we move toward a new century, the contributions of these fuels will grow. By 2015, the United States is likely to require nearly 20 percent more energy than it uses today, and fossil fuels are projected to supply almost 88 percent of the energy Americans will consume. We have the scientific know-how to continue using our fossil fuel wealth without fear of environmental damage or skyrocketing costs. The key is technology - developing cutting edge concepts that are beyond the private sector's current capabilities. Some of the most important innovations in America's energy industry are the results of investments in the Federal government's fossil energy research and development programs. Today, our air and water are cleaner, our economy is stronger, and our industries are more competitive in the global market because these programs have produced results. This booklet summarizes many of these achievements. It is not a comprehensive list by any means. Still, it provides solid evidence that the taxpayers' investment in government fossil energy research has paid real and measurable dividends.

  12. Investment Strategies for Margin Loans Under a Markov Chain Model%Markov模型下的融资融券投资策略研究

    Institute of Scientific and Technical Information of China (English)

    黄光辉; 鲍俊颖; 吉文超

    2013-01-01

    PRNC is proposed to measure risk of margin loans under the mark-to-market rules.And a recursive algorithm is proposed to calculate the value of PRNC under a Markov chain model.An active margin system is derived for margin loans,which is applied to 104 stocks listed in the SSE 180 index,where 500 loans for each stock are investigated.The average annual rates of returns are calculated for 80 different investment strategies,which are distributed from 19.57% to 40.06% in our empirical investigations.%在逐日盯市制度下,构造了度量收益风险的PRNC指标,并在Markov模型下构造了递归计算方法,得到一个动态交易系统.采用上证180指数成份股中的104只股票进行实证研究,每只股票构造了500次交易,并测算了80个不同投资策略下的年化收益率,发现最低为19.57%,最高为40.06%.

  13. Investment Banking

    OpenAIRE

    Oana Mihaela Vãsioiu

    2008-01-01

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

  14. ICT Investment and Productivity: A Provincial Perspective

    OpenAIRE

    Andrew Sharpe; Jean-François Arsenault

    2008-01-01

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

  15. Open standard building in South Africa: new concepts, strategies and technologies

    CSIR Research Space (South Africa)

    Van Wyk, Llewellyn V

    2008-03-01

    Full Text Available ” of the structures prohibited adaptation over time. This paper constructs a framework for developing, validating, and applying Open Standard Building in South Africa. The paper finds that Open Standard Building concepts, strategies and technologies can deliver...

  16. National Policies and strategies on science and technology for development.

    Science.gov (United States)

    Ayob, A

    1979-01-01

    Malaysia's economy continues to be dependent upon the primary producing sectors, based on the exploitation or use of her natural resources. At this Malaysia is the world's largest exporter of natural rubber, tin, tropical hardwoods and palm oil. There is still wide scope for developing new application of science and technology in the rubber industry, and the scope remains even wider in other agricultural sectors. In order to accelerate development in the traditional agricultural sector, that is, those related to food production, the Malaysian Agricultural Research and Development Institute (MARDI) was established in 1970 to undertake research in the development of crops other than rubber. Progress has been relatively slow in the development of agriculture. In forestry much work needs to be done in the application of science and technology to forest management, logging, timber utilization, silviculture and the related field of forest regeneration, tree breeding, forest protection and soil conservation. Further development of the mining sector calls for the application of new technology both in prospecting for new sources of minerals and in exploitation. Development of off-shore technology will become increasingly important. Although a major sector in resources development is energy, there is, as yet, no energy policy. Structural diversification is recognized as a basic need for the economic development of Malaysia. Malaysia will have a great demand for trained scientific and technological personnel.

  17. An analysis of the investment strategy based on the principles of behavioral finance%基于行为金融学原理的投资策略考察

    Institute of Scientific and Technical Information of China (English)

    王征

    2013-01-01

    行为金融学是对传统金融学理论的革命和对传统投资决策范式的修正。据此,应当把心理学和金融学问题结合起来,实现对投资行为的预测和改造,避免投资者对信息的过度反应或者反应不足的情况,从而找出适当的投资策略。%behavioral finance is the revolution for the traditional financial theory and correction for the traditional investment decision paradigm. Combing the psychology with finance problems to predicate and improve investment behavior, so the overreaction or under-reaction of investors for new information could be avoided, and the suitable investment strategy could be found out.

  18. Scaling up a learning technology strategy: supporting student/faculty teams in learner-centred design

    Directory of Open Access Journals (Sweden)

    Tom Carey

    1999-12-01

    Full Text Available The need for post-secondary institutions to think strategically about the application of learning technologies has been well documented. The strategy must plan to effect change in faculty approaches to teaching and learning, not just to 'add technology and stir'. An effective strategy will also address both content - the particular applications with the most leverage for institutional goals - and the process of obtaining commitment and moving forward (Daniel, 1996.

  19. Technology Strategy and Industrial Relations: Case Studies of Japanese Multinationals in the United States

    OpenAIRE

    1983-01-01

    Eight case studies of U.S. manufacturing subsidiaries of Japanese multinationals are analyzed in terms of variations in competitive strategies and industrial relations practices. Based on data collected in 1980 on-site visits, each firm is reviewed in light of the technology contributions coming from the Japanese parent and is categorized as having product-, process-, and/or management-centered technology strategies. The industrial relations practices are also grouped according to similaritie...

  20. 77 FR 67329 - Information Collection: Agricultural Foreign Investment Disclosure Act

    Science.gov (United States)

    2012-11-09

    ...; ] DEPARTMENT OF AGRICULTURE Farm Service Agency Information Collection: Agricultural Foreign Investment... ADDRESSES. FOR FURTHER INFORMATION CONTACT: Lesa A. Johnson, Agricultural Foreign Investment Disclosure Act... technological collection techniques or other forms of information technology. All comments received in...

  1. Analysis of Language Learning Strategies Used by Students of Traffic Technology

    Directory of Open Access Journals (Sweden)

    Violeta Jurkovič

    2005-06-01

    Full Text Available Language learning strategies play a vital role in the language acquisition process, and this includes the realm of ESP at the tertiary level of education. This contribution first defines the concept of language learning strategies and gives a historical background to language learning strategy research. The central section focuses on a comparative analysis of language learning strategies used by first year students of traffic technology at the Faculty of Maritime Studies and Transport in Portorož, University of Ljubljana. The analysis, based on Rebecca Oxford’s “Strategy Inventory for Language Learning”, aims to assess the students’ existing awareness of the process of language acquisition and the learning strategies that they use. Objectives of language teachers should include helping students to raise their awareness of language learning strategies and providing them with contexts for their development. Therefore, the concluding section contains sample ESP teaching materials and student instructions focusing on cognitive language learning strategies.

  2. Variation in lithic technological strategies among the Neanderthals of Gibraltar.

    Directory of Open Access Journals (Sweden)

    Ceri Shipton

    Full Text Available THE EVIDENCE FOR NEANDERTHAL LITHIC TECHNOLOGY IS REVIEWED AND SUMMARIZED FOR FOUR CAVES ON THE ROCK OF GIBRALTAR: Vanguard, Beefsteak, Ibex and Gorham's. Some of the observed patterns in technology are statistically tested including raw material selection, platform preparation, and the use of formal and expedient technological schemas. The main parameters of technological variation are examined through detailed analysis of the Gibraltar cores and comparison with samples from the classic Mousterian sites of Le Moustier and Tabun C. The Gibraltar Mousterian, including the youngest assemblage from Layer IV of Gorham's Cave, spans the typical Middle Palaeolithic range of variation from radial Levallois to unidirectional and multi-platform flaking schemas, with characteristic emphasis on the former. A diachronic pattern of change in the Gorham's Cave sequence is documented, with the younger assemblages utilising more localized raw material and less formal flaking procedures. We attribute this change to a reduction in residential mobility as the climate deteriorated during Marine Isotope Stage 3 and the Neanderthal population contracted into a refugium.

  3. Variation in lithic technological strategies among the Neanderthals of Gibraltar.

    Science.gov (United States)

    Shipton, Ceri; Clarkson, Christopher; Bernal, Marco Antonio; Boivin, Nicole; Finlayson, Clive; Finlayson, Geraldine; Fa, Darren; Pacheco, Francisco Giles; Petraglia, Michael

    2013-01-01

    THE EVIDENCE FOR NEANDERTHAL LITHIC TECHNOLOGY IS REVIEWED AND SUMMARIZED FOR FOUR CAVES ON THE ROCK OF GIBRALTAR: Vanguard, Beefsteak, Ibex and Gorham's. Some of the observed patterns in technology are statistically tested including raw material selection, platform preparation, and the use of formal and expedient technological schemas. The main parameters of technological variation are examined through detailed analysis of the Gibraltar cores and comparison with samples from the classic Mousterian sites of Le Moustier and Tabun C. The Gibraltar Mousterian, including the youngest assemblage from Layer IV of Gorham's Cave, spans the typical Middle Palaeolithic range of variation from radial Levallois to unidirectional and multi-platform flaking schemas, with characteristic emphasis on the former. A diachronic pattern of change in the Gorham's Cave sequence is documented, with the younger assemblages utilising more localized raw material and less formal flaking procedures. We attribute this change to a reduction in residential mobility as the climate deteriorated during Marine Isotope Stage 3 and the Neanderthal population contracted into a refugium.

  4. Learning to Teach with Technology: Strategies for Inservice Professional Development

    Science.gov (United States)

    Cole, Karen; Simkins, Michael; Penuel, William R.

    2002-01-01

    This article describes and reports evaluation results for five key elements of the Challenge 2000 Multimedia Project's inservice professional development program. The five elements are: (a) Technology Learning Coordinators (a mentoring system), (b) Minigrants (small local grants tied to a planning process for teachers), (c) Partnerships…

  5. Administrative Strategies for Successful Adoption of Computer Technology.

    Science.gov (United States)

    Aitken, Joan E.; Shedletsky, Leonard J.

    2001-01-01

    Suggests that offering online courses extends the reach of education to people who otherwise may be unable to complete courses. Gives administrators a perspective from the standpoint of professors who are not "techies," but have been involved in the infusion of technology. Proposes that administrators keep seven critical ideas before them while…

  6. Desktop Simulation: Towards a New Strategy for Arts Technology Education

    Science.gov (United States)

    Eidsheim, Nina Sun

    2009-01-01

    For arts departments in many institutions, technology education entails prohibitive equipment costs, maintenance requirements and administrative demands. There are also inherent pedagogical challenges: for example, recording studio classes where, due to space and time constraints, only a few students in what might be a large class can properly…

  7. A strategy for nontimber forest products research and technology transfer for southern United States

    Science.gov (United States)

    James L. Chamberlain

    2003-01-01

    In mid-2001, the Southern Research Station (SRS) and the Southern Regional Office (R8) of the U.S. Forest Service worked through a 3-day facilitated discussion to develop a strategy to guide research and technology transfer on non-timber forest products (NTFPs). In all, more than 14 specialists took part in developing the strategy, representing the Forest Service...

  8. The Effects of Computer-Assisted Feedback Strategies in Technology Education: A Comparison of Learning Outcomes

    Science.gov (United States)

    Adams, Ruifang Hope; Strickland, Jane

    2012-01-01

    This study investigated the effects of computer-assisted feedback strategies that have been utilized by university students in a technology education curriculum. Specifically, the study examined the effectiveness of the computer-assisted feedback strategy "Knowledge of Response feedback" (KOR), and the "Knowledge of Correct Responses feedback"…

  9. The University and Transformation towards Sustainability: The Strategy Used at Chalmers University of Technology

    Science.gov (United States)

    Holmberg, John; Lundqvist, Ulrika; Svanstrom, Magdalena; Arehag, Marie

    2012-01-01

    Purpose: The purpose of this paper is to present the strategy used for achieving change towards sustainability at Chalmers University of Technology (Chalmers). Examples of how this strategy has been used are described and discussed, and exemplified with different lines of activities in a project on Education for Sustainable Development, the ESD…

  10. Technological Factors, User Characteristics and Didactic Strategies in Educational Virtual Environments

    DEFF Research Database (Denmark)

    Natsis, Antonios; Vrellis, Ioannis; Papachristos, Nikiforos

    2012-01-01

    Technological factors, user characteristics and didactic strategies do not function consistently across Educational Virtual Environments. This study investigates the impact of viewing condition and didactic strategy on attention allocation, suspension of disbelief, spatial presence, and learning...... outcomes in an Educational Virtual Environment concerning ancient Greek pottery. Our results show that the viewing condition does not affect attention allocation, suspension of disbelief, and spatial presence. Learning outcomes are better in the monoscopic viewing condition. Didactic strategy has an impact...... Virtual Environments....

  11. Algorithmic trading technology and strategy research on financial markets

    OpenAIRE

    Barca Linares, Victor

    2017-01-01

    Due to the financial digitalization, the human intervention in many operations both functional and those aimed to make profit in the market are likely to be substituted by algorithms and automated processes. This thesis lay the foundations of algorithmic trading developing a framework to automate the whole process of trading financial assets. Also, it researches trading strategies and the real potential to make profit. The framework consists of separated functional modules to acquire ...

  12. Technological Innovation and Management Strategies for Higher Education in Africa: Harmonizing Reality and Idealism

    Science.gov (United States)

    Uys, Philip M.; Nleya, Paul; Molelu, G. B.

    2004-01-01

    This paper analyses and suggests possible technological innovation strategies in higher educational institutions in Africa. The paper describes management issues in the implementation of eLearning with particular reference to its usage in higher education abroad and in Africa, and also suggests appropriate approaches for technological innovation…

  13. Differentiated Instructional Strategies and Assistive Technology in Brazil: Are We Talking about the Same Subject?

    Science.gov (United States)

    Lourenco, Gerusa Ferreira; Goncalves, Adriana Garcia; Elias, Nassim Chamel

    2015-01-01

    The aim of this study was to present the association of educational strategies and differentiated instructions with assistive technology for special education students. The use of technology is an important ally for mediation among teachers, students and academic content. For special education students, there is a need to promote general…

  14. Human capital and the adoption of information and communications technologies: Evidence from investment climate survey of Pakistan

    OpenAIRE

    Mazhar MUGHAL; Diawara, Barassou

    2011-01-01

    This paper studies the impact of human capital on the adoption and diffusion of Information and Communications Technologies (ICT) in the Pakistani firms using the World Bank Enterprise Survey 2002-07. The paper considers various indicators of human capital and measures of ICT adoption and diffusion. On-the-job training, manager's level of qualification and production workers' level of education are found to positively determine the use of emails, website and other means of communication in a ...

  15. Applying Modern Portfolio Theory and the Capital Asset Pricing Model to DoD’s Information Technology Investments

    Science.gov (United States)

    2009-03-01

    performs poorly. According to Elder & Westra, companies like Walt Disney Co., AT&T and Sprint Corporation are some of the few companies who decided to... Expansion Option (platform technologies, acquisitions, open architecture)  Contraction Option (outsourcing, alliances)  Compound...TELCOM should consider one or more of the following real options: option to wait; option to execute; or expansion option. The option to wait would

  16. ROMANIAN INVESTMENT POLICY ANALYSIS

    Directory of Open Access Journals (Sweden)

    Hategan Anca

    2011-07-01

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

  17. Investing in Science and Technology to Meet Africa’s Maritime Security Challenges (Africa Security Brief, Number 10, February 2011)

    Science.gov (United States)

    2011-02-01

    collaborative “anchors” to sustain the effectiveness of maritime security efforts. H I G H L I G H T S N O . 1 0 / F E B R U A R Y 2 0 11 continue...endowed. —Nelson Mandela Report Documentation Page Form ApprovedOMB No. 0704-0188 Public reporting burden for the collection of information is estimated...for assess- ing the most cost- effective strategies for monitoring Africa’s waters for illegal activity. The engagement of African researchers in

  18. Study on international publicity and export strategy establishment of nuclear technology

    Energy Technology Data Exchange (ETDEWEB)

    Lee, Ji Bok; Choi, C.O.; Park, K. B.; Chang, M. H.; Kim, K. K.; Yang, M. S.; Jung, I. H.; Kim, K. P.; Wu, J. S.; Jang, C. I.; Han, B. O.; Sim, J. H.; Chung, M.; Chung, J.K

    1999-05-01

    The objective of this study is to devise a proper measure for international publicity and technology export strategy. Analysed and summaries in detail are other countries nuclear policy trend and the current technology development status of Korea Standard Nuclear Plant that we developed on our own technology, design and construction technology for research reactor, System-integrated Modular Advanced Reactor of which design is in progress, Direct use of Spent PWR Fuel in CANDU Reactors, and Radioisotopes. Based on that, the measures are proposed for the export industrialization of nuclear technology and establishment of the export basis. Also the international nuclear cooperation and publicity strategy are suggested to support the technology export basis. By surveying the world nuclear status, the direction for the international cooperation and publicity is settled and the specific publicity strategy is proposed for the cooperation with IAEA and multi-countries and the establishment of the nuclear technology export basis. As part of this project, the panel on major technologies such as Korea Standard Nuclear Plant, HANARO, and System-integrated Modular Advanced Reactor was displayed successfully at the IAEA meeting, which contribute much to the publicity of our nuclear technology to the international nuclear society. (author)

  19. THE DEVELOPMENT OF AN INTERNAL TECHNOLOGY STRATEGY ASSESSMENT FRAMEWORK WITHIN THE SERVICES SECTOR UTILISING TQM PRINCIPLES

    Directory of Open Access Journals (Sweden)

    E. Pieterse

    2012-01-01

    Full Text Available

    ENGLISH ABSTRACT: Technology is generally accepted as one of the key factors that influences society and business in an unmistakable manner. Current literature is not singular in its views and methods of technology strategy development, the interface between technology strategy and business strategy and how technology strategy is executed and assessed internally. This article proposes an internal technology strategy assessment framework for the services sector. The framework is developed by merging the disciplines and current models of technology management, business architecture, strategic performance measurement and total quality management. The model is presented in the text in flowchart form. The required data was gathered by means of case study protocol. Three case studies were conducted in the services sector and the tabulated results are presented.

    AFRIKAANSE OPSOMMING: Tegnologie word algemeen aanvaar as een van die mees deurslaggewende drywers wat besigheid en die samelewing onomkeerbaar verander. Verskillende opinies bestaan in die literatuur oor die metodes van tegnologiestrategie-ontwikkelling, die raakvlak tussen tegnologiestrategie en besigheidstrategie en hoe tegnologiestrategie uitgevoer en geassesseer moet word. Die artikel fokus op 'n interne tegnologiestrategie assesseringsmodel, spesifiek vir die dienstesektor. Die assesseringsmodel word ontwikkel deur die dissiplines en beskikbare modelle van tegnologiebestuur, besigheidsargitektuur, strategiese prestasiemeting en totale kwaliteitsbestuur te integreer. Die model word in die teks in die formaat van ‘n vloeidiagram aangebied. Die nodige data vir die model is ingesamel deur gebruik te maak van gevallestudieprotokol. Drie gevallestudies is uitgevoer en die getabuleerde resultate gelys in die teks.

  20. Investment in Renewable Energies in Argentina

    Directory of Open Access Journals (Sweden)

    Marina Recalde

    2017-05-01

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

  1. Firms’ Negative Perceptions on Patents, Technology Management Strategies, and Subsequent Performance

    Directory of Open Access Journals (Sweden)

    Eun Jin Han

    2017-03-01

    Full Text Available While patents do have many advantages, their disadvantages include requiring disclosure of technical information and imposing the burden of patenting and litigation costs. In this study, we investigate the relationship between a firm’s negative perception on patents, technology management strategies, and subsequent performance. For this purpose, we use a categorical canonical correlation analysis of the top 200, large, R&D-intensive firms in Korea. We find that negative perceptions such as burdensome transaction costs, non-patenting culture, and uncertainty of the outcome of patent litigation are associated with firms’ technology management strategies, such as purchase of licenses, and subsequent performance, such as an increase in the number of inventions from the cross-fertilization of different technologies. The results of this study are expected to contribute to a better understanding of firms’ negative attitudes toward the effects of patents, their subsequent technology management strategies, and resulting performance.

  2. Venture capital and private equity investment preferences in selected countries

    Directory of Open Access Journals (Sweden)

    Krzysztof Dziekoński

    2016-01-01

    Full Text Available Sources of capital to finance companies in the SME sector is one of the basic conditions for the functioning and development of enterprises, especially in the early phase of their development. Increasingly popular is the use of capital market instruments, Private Equity, Venture Capital, Business Angels or Mezzanine. Funding of this kind can finance risky investments in return for a higher expected rate of return on capital. Access to financial resources and the conditions under which entrepreneurs can use them can determine the introduction of new technology, new products and services, expand distribution channels, implement changes that may lead to the growth in competitiveness and above all, innovation, thus the growth of the company. The paper presents results of statistical analysis of the venture capital and private equity funds investment strategies in selected countries. As a result investment profiles are created.

  3. Load Reduction, Demand Response and Energy Efficient Technologies and Strategies

    Energy Technology Data Exchange (ETDEWEB)

    Boyd, Paul A.; Parker, Graham B.; Hatley, Darrel D.

    2008-11-19

    The Department of Energy’s (DOE’s) Pacific Northwest National Laboratory (PNNL) was tasked by the DOE Office of Electricity (OE) to recommend load reduction and grid integration strategies, and identify additional demand response (energy efficiency/conservation opportunities) and strategies at the Forest City Housing (FCH) redevelopment at Pearl Harbor and the Marine Corps Base Hawaii (MCBH) at Kaneohe Bay. The goal was to provide FCH staff a path forward to manage their electricity load and thus reduce costs at these FCH family housing developments. The initial focus of the work was at the MCBH given the MCBH has a demand-ratchet tariff, relatively high demand (~18 MW) and a commensurate high blended electricity rate (26 cents/kWh). The peak demand for MCBH occurs in July-August. And, on average, family housing at MCBH contributes ~36% to the MCBH total energy consumption. Thus, a significant load reduction in family housing can have a considerable impact on the overall site load. Based on a site visit to the MCBH and meetings with MCBH installation, FCH, and Hawaiian Electric Company (HECO) staff, recommended actions (including a "smart grid" recommendation) that can be undertaken by FCH to manage and reduce peak-demand in family housing are made. Recommendations are also made to reduce overall energy consumption, and thus reduce demand in FCH family housing.

  4. Suriname - politics, technology, and Third World energy strategy

    Energy Technology Data Exchange (ETDEWEB)

    Auty, R.M.

    Suriname illustrates how some developing countries responded to the oil price shocks by developing domestic energy sources as a substitute for imported oil. Suriname's effort to develop a capital-intensive hydrosmelter aluminum project ran into both technical and political problems despite its economic appeal. A combination of delays, inflation, and disappointing bauxite deposits raised the final cost estimation of the first stage from $460 to $740 million. A military coup slowed the project until the appeal of a green-technology option of small-scale rural development revived interest. The country's response to the 1973 oil shock still lacks coherence. 1 figure, 1 table.

  5. The Importance of Investment Decisions in Project Management

    Directory of Open Access Journals (Sweden)

    Cosmina Mădălina Pop

    2008-10-01

    Full Text Available The financing decision alongside with investment decision represents the core of financial management. The paper presents the main steps in realizing investment projects, the option criteria used in pre-investment analysis, the techniques of financing the investments project, but also the methods of evaluation applied in selecting the most suitable project, accordingly with company’s developlment strategy and policy.

  6. Spillovers from Foreign Direct Investment

    DEFF Research Database (Denmark)

    Meyer, Klaus E.; Sinani, Evis

    2005-01-01

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

  7. Hospital Capital Investment During the Great Recession.

    Science.gov (United States)

    Choi, Sung

    2017-01-01

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

  8. What drives successful implementation of pollution prevention and cleaner technology strategy? The role of innovative capability.

    Science.gov (United States)

    Bhupendra, Kumar Verma; Sangle, Shirish

    2015-05-15

    Firms that are dynamic and prepared to implement environmental strategies have a potential competitive advantage over their industry counterparts. Therefore, it is important to understand, what capabilities are required to implement proactive environmental strategies. The paper discusses the attributes of innovative capability required by firms in order to adopt pollution prevention and cleaner technology strategies. Empirical results show that process and behavioral innovativeness are required by firms to implement a pollution prevention strategy. In addition to process and behavioral innovativeness, firms need a top management with high risk-taking ability as well as market, product, and strategic innovativeness to implement a cleaner technology strategy. The paper proposes some important managerial implications on the basis of the above research findings. Copyright © 2015 Elsevier Ltd. All rights reserved.

  9. From STEM to STEAM: Strategies for Enhancing Engineering & Technology Education

    Directory of Open Access Journals (Sweden)

    Andy M. Connor

    2015-05-01

    Full Text Available This paper sets out to challenge the common pedagogies found in STEM (Science, Technology, Engineering and Mathematics education with a particular focus on engineering. The dominant engineering pedagogy remains “chalk and talk”; despite research evidence that demonstrates its ineffectiveness. Such pedagogical approaches do not embrace the possibilities provided by more student-centric approaches and more active learning. The paper argues that there is a potential confusion in engineering education around the role of active learning approaches, and that the adoption of these approaches may be limited as a result of this confusion, combined with a degree of disciplinary egocentrism. The paper presents examples of design, engineering and technology projects that demonstrate the effectiveness of adopting pedagogies and delivery methods more usually attributed to the liberal arts such as studio based learning. The paper concludes with some suggestions about how best to create a fertile environment from which inquiry based learning can emerge as well as a reflection on whether the only real limitation on cultivating such approaches is the disciplinary egocentrism of traditional engineering educators.

  10. China's Outward Direct and Portfolio Investments

    Institute of Scientific and Technical Information of China (English)

    Hung-Gay Fung; Qingfeng Wilson Liu; Erin H. C. Kao

    2007-01-01

    This paper analyzes developments and trends related to China's outward direct and financial investments by examining Chinese firms' overseas acquisitions, China's holdings of US Treasury securities, and the recently formally launched Qualified Domestic Institutional Investor programs. Strategies should be developed to reach optimal decisions for both direct and portfolio investments. We argue that China should have a longer-term view for both direct and portfolio investments, enabling China to become the leader in Asia while maintaining its sustainable growth objective. China should invest heavily in the development of the Asian bond market and the Asian Currency Fund when making both portfolio and direct investment decisions.

  11. STRATEGIES AND TECHNOLOGY FOR MANAGING HIGH-CARBON ASH

    Energy Technology Data Exchange (ETDEWEB)

    Robert Hurt; Eric Suuberg; John Veranth; Xu Chen

    2003-05-20

    The overall objective of the present project is to identify and assess strategies and solutions for the management of industry problems related to carbon in ash. Specific research issues to be addressed include: (1) the effect of parent fuel selection on ash properties and adsorptivity, including a first ever examination of the air entrainment behavior of ashes from alternative (non-coal) fuels; (2) the effect of various low-NOx firing modes on ash properties and adsorptivity; and (3) the kinetics and mechanism of ash ozonation. This data will provide scientific and engineering support of the ongoing process development activities. During this fourth project period we completed the characterization of ozone-treated carbon surfaces and wrote a comprehensive report on the mechanism through which ozone suppresses the adsorption of concrete surfactants.

  12. STRATEGIES AND TECHNOLOGY FOR MANAGING HIGH-CARBON ASH

    Energy Technology Data Exchange (ETDEWEB)

    Robert Hurt; Eric Suuberg; John Veranth; Xu Chen

    2002-09-10

    The overall objective of the present project is to identify and assess strategies and solutions for the management of industry problems related to carbon in ash. Specific research issues to be addressed include: (1) the effect of parent fuel selection on ash properties and adsorptivity, including a first ever examination of the air entrainment behavior of ashes from alternative (non-coal) fuels; (2) the effect of various low-NOx firing modes on ash properties and adsorptivity; and (3) the kinetics and mechanism of ash ozonation. This data will provide scientific and engineering support of the ongoing process development activities. During this fourth project period we completed the characterization of ozone-treated carbon surfaces and wrote a comprehensive report on the mechanism through which ozone suppresses the adsorption of concrete surfactants.

  13. Theoretical and applied aspects of the development of environmental investment in Ukraine

    Directory of Open Access Journals (Sweden)

    O.Yu. Chygryn

    2015-09-01

    financial components and quality parameters such as reputation of investors company, the pressure which accomplished by mass media, politics or public. Another possible motivation for carrying out of green investment could be the responsibility before planet and society. It is evident that environmental investments allow any company to reduce its environmental payments and improve its image in the market through the production of pure products environmentally and introduction of resource-saving technologies. It is worked out the advantages (effects of the system realization and usage with the view of substantiation of expediency of green investment, which considers economic, social, environmental and political benefits (effects. Conclusions and directions of further researches. Consequently for transition on the new level of any economic system development needs investment in the sphere of the environmental management and cost-effective use of resources. In that context Ukraine should distinctly define the priorities of the development and choose the strategies of the investment-driven development with the purpose of attraction green foreign investment for creation advantageous climate for domestic investors. The main prospects for future research in this area are in developing and improving the theoretical and practical approaches and mechanisms for implementation ecological investment in economic activity.

  14. A study on future nuclear reactor technology and development strategy

    Energy Technology Data Exchange (ETDEWEB)

    Kim, S. Y.; Kim, S. H.; Sohn, D. S.; Suk, S. D.; Zee, S. K.; Yang, M. H.; Kim, H. J.; Park, W. S

    2000-12-01

    Development of nuclear reactor and fuel cycle technology for future is essential to meet the current issues such as enhancement of nuclear power reactor safety, economically competitive with gas turbine power generation, less production of radioactive waste, proliferation resistant fuel cycle, and public acceptance in consideration of lack of energy resources in the nuclear countries worldwide as well as in Korea. This report deals with as follows, 1) Review the world energy demand and supply perspective and analyse nature of energy and sustainable development to set-up nuclear policy in Korea 2) Recaptitulate the current long term nuclear R and D activities 3) Review nuclear R and D activities and programs of USA, Japan, France, Russia, international organizations such as IAEA, OECD/NEA 4) Recommend development directions of nuclear reactors and fuels.

  15. The Strategy for Long-term Investment in Stocks Based on Intrinsic Value%基于内在价值理念的股票长期投资策略研究

    Institute of Scientific and Technical Information of China (English)

    胡倩倩; 李建新

    2013-01-01

    Based on the investment idea of intrinsic value , it discusses the strategy for long-term invest-ment in stocks by the method of stochastic process .The premise for a successful long-term investment is to choose a growing company .The concept of stock's reasonable valuation was defined to reflect the stock's intrinsic value .The key to long-term investment is to track the dynamic changes of the company's growth and the stock's reasonable valuation in real-time.In order to avoid market risks and to get profits steadily, it proposes and proves the strategy for stock purchase and dynamic stock ownership , based on the benchmark for stocks'reasonable valuation .%以内在价值的投资理念为基础,用随机过程的方法讨论了股票长期投资的策略问题。论证了股票长期投资成功的前提是选择具有良好成长性的公司。为了反映股票的内在价值,定义了股票的合理估值概念。论证了长期价值投资的关键是实时追踪公司成长性的动态变化和公司股票的合理估值。为避免市场风险,稳健获利,以股票的合理估值为基准,提出并论证了长期价值投资中的购股和动态持股策略。

  16. Autonomy Community of Interest (COI) Test and Evaluation, Verification and Validation (TEVV) Working Group: Technology Investment Strategy 2015-2018

    Science.gov (United States)

    2015-05-01

    Effectiveness of human-automation interaction, e.g. with respect to human workload and situational awareness  System performance relative to that of...successfully in Europe for over a decade to document safety for nuclear power plants, transportation systems, automotive systems, and avionics systems...related requirements.22 Several certification standards and guidelines in the defense, transportation (aviation, automotive , rail), and healthcare

  17. [The technological innovation strategy for quality control of Chinese medicine based on Big Data].

    Science.gov (United States)

    Li, Zhen-hao; Qian, Zhong-zhi; Cheng, Yi-yu

    2015-09-01

    The evolution of the quality control concepts of medical products within the global context and the development of the quality control technology of Chinese medicine are briefly described. Aimed at the bottlenecks in the regulation and quality control of Chinese medicine, using Big Data technology to address the significant challenges in Chinese medicine industry is proposed. For quality standard refinements and internationalization of Chinese medicine, a technological innovation strategy encompassing its methodology, and the R&D direction of the subsequent core technology are also presented.

  18. Policy Uncertainty, Investment and Commitment Periods

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-07-01

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

  19. STRATEGIES AND TECHNOLOGY FOR MANAGING HIGH-CARBON ASH

    Energy Technology Data Exchange (ETDEWEB)

    Robert Hurt; Eric Suuberg; John Veranth; Xu Chen; Indrek Kulaots

    2004-02-13

    The overall objective of the present project was to identify and assess strategies and solutions for the management of industry problems related to carbon in ash. Specific issues addressed included: (1) the effect of parent fuel selection on ash properties and adsorptivity, including a first ever examination of the air entrainment behavior of ashes from alternative (non-coal) fuels; (2) the effect of various low-NOx firing modes on ash properties and adsorptivity based on pilot-plant studies; and (3) the kinetics and mechanism of ash ozonation. This laboratory data has provided scientific and engineering support and underpinning for parallel process development activities. The development work on the ash ozonation process has now transitioned into a scale-up and commercialization project involving a multi-industry team and scheduled to begin in 2004. This report describes and documents the laboratory and pilot-scale work in the above three areas done at Brown University and the University of Utah during this three-year project.

  20. Social Investment in Times of Crisis

    DEFF Research Database (Denmark)

    Prandini, Riccardo; Orlandini, Matteo; Guerra, Alice

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