WorldWideScience

Sample records for unit pricing system

  1. Environmental activism and dynamics of unit-based pricing systems

    Energy Technology Data Exchange (ETDEWEB)

    Dijkgraaf, Elbert [SEOR-ECRi and Erasmus School of Economics, Erasmus University Rotterdam, Room H 7-25, P.O. Box 1738, 3000 DR Rotterdam (Netherlands); Gradus, Raymond [Vrije Universiteit Amsterdam and ECRi, De Boelelaan 1105, Room 1E-66, 1081 HV Amsterdam (Netherlands)

    2009-01-15

    It is well-known that unit-based pricing systems have a significant effect on the quantity of collected waste. Part of this effect may, however, result from a selection bias or environmental activism effect. Based on a pooled cross-section for the Netherlands for 1998-2005 we show that despite the correction for environmental activism the effect of the weight and bag unit-based pricing system on the quantity of waste is sizeable. Moreover, this environmental activism effect is decreasing over time, so that the most environmental friendly municipalities implement unit-based pricing systems at first. In addition, we show that the volume effects of the different unit-based pricing systems are rather stable over time. Although we find some evidence for a learning effect, nearly no evidence is found for an awareness erosion effect. This means at least that the effect of unit-based pricing does not decrease over time, which is reassuring from an environmental point of view. Pricing waste helps. (author)

  2. Efficiency Effects of Unit-based Pricing Systems and Institutional Choices of Waste Collection

    NARCIS (Netherlands)

    E. Dijkgraaf (Elbert); R.H.J.M. Gradus (Raymond)

    2014-01-01

    markdownabstract__Abstract__ Much attention has been paid to the influence of the institutional form of waste collection on costs. We extend this literature in three directions by including the unit-based pricing system. First, we show that unit-based pricing systems are more important from a

  3. Characteristics of Low-Priced Solar Photovoltaic Systems in the United States

    Energy Technology Data Exchange (ETDEWEB)

    Nemet, Gregory F. [Univ. of Wisconsin, Madison, WI (United States); O' Shaughnessy, Eric [National Renewable Energy Lab. (NREL), Golden, CO (United States); Wiser, Ryan H. [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Darghouth, Naim [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Barbose, Galen [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Gillingham, Ken [Yale Univ., New Haven, CT (United States); Rai, Varun [Univ. of Texas, Austin, TX (United States)

    2016-01-01

    Despite impressive recent cost reductions, there is wide dispersion in the prices of installed solar photovoltaic (PV) systems. We identify the most important factors that make a system likely to be low priced (LP). Our sample consists of detailed characteristics for 42,611 small-scale (< 15 kW) PV systems installed in 15 U.S. states during 2013. Using four definitions of LP systems, we compare LP and non-LP systems and find statistically significant differences in nearly all factors explored, including competition, installer scale, markets, demographics, ownership, policy, and system components. Logit and probit model results robustly indicate that LP systems are associated with markets with few active installers; experienced installers; customer ownership; large systems; retrofits; and thin-film, low-efficiency, and Chinese modules. We also find significant differences across states, with LP systems much more likely to occur in some than in others. Our focus on the left tail of the price distribution provides implications for policy that are distinct from recent studies of mean prices. While those studies find that PV subsidies increase mean prices, we find that subsidies also generate LP systems. PV subsidies appear to simultaneously shift and broaden the price distribution. Much of this broadening occurs in a particular location, northern California, which is worthy of further investigation with new data.

  4. Agricultural Water Pricing: United States

    OpenAIRE

    2010-01-01

    In summary, irrigation costs and prices are rising in most regions of the United States, due to a combination of increasing scarcity, changes in public preferences regarding water allocation among competing uses, increasing budget scrutiny in the national and state legislatures, rising energy prices, and increasing awareness of climate change and the potential implications for rainfall and the availability of surface water resources. These issues likely will continue encouraging public offici...

  5. Residential, Commercial, and Utility-Scale Photovoltaic (PV) System Prices in the United States: Current Drivers and Cost-Reduction Opportunities

    Energy Technology Data Exchange (ETDEWEB)

    Goodrich, A.; James, T.; Woodhouse, M.

    2012-02-01

    The price of photovoltaic (PV) systems in the United States (i.e., the cost to the system owner) has dropped precipitously in recent years, led by substantial reductions in global PV module prices. However, system cost reductions are not necessarily realized or realized in a timely manner by many customers. Many reasons exist for the apparent disconnects between installation costs, component prices, and system prices; most notable is the impact of fair market value considerations on system prices. To guide policy and research and development strategy decisions, it is necessary to develop a granular perspective on the factors that underlie PV system prices and to eliminate subjective pricing parameters. This report's analysis of the overnight capital costs (cash purchase) paid for PV systems attempts to establish an objective methodology that most closely approximates the book value of PV system assets.

  6. Price Regulations in a Multi-unit Uniform Price Auction

    DEFF Research Database (Denmark)

    Boom, Anette

    not exceed the price cap whereas a selective bid cap for only the larger firms, does not guarantee this outcome. A sufficiently high bid floor always destroys pure strategy equilibria with equilibrium prices above the marginal costs, no matter whether the floor applies to all or only to relatively small......Inspired by recent regulations in the New York ICAP market we examine the effect of different price regulations on a multi-unit uniform price auction. We investigate a bid cap and a bid foor. Given suffciently high total capacities general bid caps always ensure that the market price does...

  7. Price Regulations in a Multi-unit Uniform Price Auction

    DEFF Research Database (Denmark)

    Boom, Anette

    Inspired by recent regulations in the New York ICAP market we examine the effect of different price regulations on a multi-unit uniform price auction. We investigate a bid cap and a bid foor. Given suffciently high total capacities general bid caps always ensure that the market price does...... not exceed the price cap whereas a selective bid cap for only the larger firms, does not guarantee this outcome. A sufficiently high bid floor always destroys pure strategy equilibria with equilibrium prices above the marginal costs, no matter whether the floor applies to all or only to relatively small...

  8. Tracking the Sun IX: The Installed Price of Residential and Non-Residential Photovoltaic Systems in the United States

    Energy Technology Data Exchange (ETDEWEB)

    Barbose, Galen [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States). Energy Technologies Area; Darghouth, Naïm [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States). Energy Technologies Area; Millstein, Dev [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Cates, Sarah [Exeter Associates, Columbia, MD (United States); DiSanti, Nicholas [Exeter Associates, Columbia, MD (United States); Widiss, Rebecca [Exeter Associates, Columbia, MD (United States)

    2016-08-16

    Now in its ninth edition, Lawrence Berkeley National Laboratory (LBNL)’s Tracking the Sun report series is dedicated to summarizing trends in the installed price of grid-connected solar photovoltaic (PV) systems in the United States. The present report focuses on residential and non-residential systems installed through year-end 2015, with preliminary trends for the first half of 2016. An accompanying LBNL report, Utility-Scale Solar, addresses trends in the utility-scale sector. This year’s report incorporates a number of important changes and enhancements from prior editions. Among those changes, LBNL has made available a public data file containing all non-confidential project-level data underlying the analysis in this report. Installed pricing trends presented within this report derive primarily from project-level data reported to state agencies and utilities that administer PV incentive programs, solar renewable energy credit (SREC) registration systems, or interconnection processes. Refer to the text box to the right for several key notes about these data. In total, data were collected and cleaned for more than 820,000 individual PV systems, representing 85% of U.S. residential and non-residential PV systems installed cumulatively through 2015 and 82% of systems installed in 2015. The analysis in this report is based on a subset of this sample, consisting of roughly 450,000 systems with available installed price data.

  9. Tracking the Sun VIII. The Installed Price of Residential and Non-Residential Photovoltaic Systems in the United States

    Energy Technology Data Exchange (ETDEWEB)

    Barbose, Galen L. [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Darghouth, Naïm R. [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Millstein, Dev [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Spears, Mike [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Wiser, Ryan H. [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Buckley, Michael [Exeter Associates, Columbia, MD (United States); Widiss, Rebecca [Exeter Associates, Columbia, MD (United States); Grue, Nick [National Renewable Energy Lab. (NREL), Golden, CO (United States)

    2015-08-01

    Now in its eighth edition, Lawrence Berkeley National Laboratory (LBNL)’s Tracking the Sun report series is dedicated to summarizing trends in the installed price of grid-connected solar photovoltaic (PV) systems in the United States. The present report focuses on residential and nonresidential systems installed through year-end 2014, with preliminary trends for the first half of 2015. As noted in the text box below, this year’s report incorporates a number of important changes and enhancements. Among those changes, this year's report focuses solely on residential and nonresidential PV systems; data on utility-scale PV are reported in LBNL’s companion Utility-Scale Solar report series. Installed pricing trends presented within this report derive primarily from project-level data reported to state agencies and utilities that administer PV incentive programs, solar renewable energy credit (SREC) registration systems, or interconnection processes. In total, data were collected for roughly 400,000 individual PV systems, representing 81% of all U.S. residential and non-residential PV capacity installed through 2014 and 62% of capacity installed in 2014, though a smaller subset of this data were used in analysis.

  10. State energy-price system: 1981 update

    Energy Technology Data Exchange (ETDEWEB)

    Fang, J.M.; Imhoff, K.L.; Hood, L.J.

    1983-08-01

    This report updates the State Energy Price Data System (STEPS) to include state-level energy prices by fuel and by end-use sectors for 1981. Both physical unit prices and Btu prices are presented. Basic documentation of the data base remains generally the same as in the original report: State Energy Price System; Volume 1: Overview and Technical Documentation (DOE/NBB-0029 Volume 1 of 2, November 1982). The present report documents only the changes in procedures necessitated by the update to 1981 and the corrections to the basic documentation.

  11. Breakeven Prices for Photovoltaics on Supermarkets in the United States

    Energy Technology Data Exchange (ETDEWEB)

    Ong, S.; Clark, N.; Denholm, P.; Margolis, R.

    2013-03-01

    The photovoltaic (PV) breakeven price is the PV system price at which the cost of PV-generated electricity equals the cost of electricity purchased from the grid. This point is also called 'grid parity' and can be expressed as dollars per watt ($/W) of installed PV system capacity. Achieving the PV breakeven price depends on many factors, including the solar resource, local electricity prices, customer load profile, PV incentives, and financing. In the United States, where these factors vary substantially across regions, breakeven prices vary substantially across regions as well. In this study, we estimate current and future breakeven prices for PV systems installed on supermarkets in the United States. We also evaluate key drivers of current and future commercial PV breakeven prices by region. The results suggest that breakeven prices for PV systems installed on supermarkets vary significantly across the United States. Non-technical factors -- including electricity rates, rate structures, incentives, and the availability of system financing -- drive break-even prices more than technical factors like solar resource or system orientation. In 2020 (where we assume higher electricity prices and lower PV incentives), under base-case assumptions, we estimate that about 17% of supermarkets will be in utility territories where breakeven conditions exist at a PV system price of $3/W; this increases to 79% at $1.25/W (the DOE SunShot Initiative's commercial PV price target for 2020). These percentages increase to 26% and 91%, respectively, when rate structures favorable to PV are used.

  12. Unit Price Scaling Trends for Chemical Products

    Energy Technology Data Exchange (ETDEWEB)

    Qi, Wei [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Sathre, Roger [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Morrow, III, William R. [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Shehabi, Arman [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)

    2015-08-01

    To facilitate early-stage life-cycle techno-economic modeling of emerging technologies, here we identify scaling relations between unit price and sales quantity for a variety of chemical products of three categories - metal salts, organic compounds, and solvents. We collect price quotations for lab-scale and bulk purchases of chemicals from both U.S. and Chinese suppliers. We apply a log-log linear regression model to estimate the price discount effect. Using the median discount factor of each category, one can infer bulk prices of products for which only lab-scale prices are available. We conduct out-of-sample tests showing that most of the price proxies deviate from their actual reference prices by a factor less than ten. We also apply the bootstrap method to determine if a sample median discount factor should be accepted for price approximation. We find that appropriate discount factors for metal salts and for solvents are both -0.56, while that for organic compounds is -0.67 and is less representative due to greater extent of product heterogeneity within this category.

  13. State Energy Price System: 1982 update

    Energy Technology Data Exchange (ETDEWEB)

    Imhoff, K.L.; Fang, J.M.

    1984-10-01

    The State Energy Price System (STEPS) contains estimates of energy prices for ten major fuels (electricity, natural gas, metallurgical coal, steam coal, distillate, motor gasoline, diesel, kerosene/jet fuel, residual fuel, and liquefied petroleum gas), by major end-use sectors (residential, commercial, industrial, transportation, and electric utility), and by state through 1982. Both physical unit prices and prices per million Btu are included in STEPS. Major changes in STEPS data base for 1981 and 1982 are described. The most significant changes in procedures for the updates occur in the residential sector distillate series and the residential sector kerosene series. All physical unit and Btu prices are shown with three significant digits instead of with four significant digits as shown in the original documentation. Details of these and other changes are contained in this report, along with the updated data files. 31 references, 65 tables.

  14. Assessing Unit-Price Related Remifentanil Choice in Rhesus Monkeys

    Science.gov (United States)

    Galuska, Chad M.; Winger, Gail; Woods, James H.; Hursh, Steven R.

    2006-01-01

    Given a commodity available at different prices, a unit-price account of choice predicts preference for the cheaper alternative. This experiment determined if rhesus monkeys preferred remifentanil (an ultra-short-acting [mu]-opioid agonist) delivered at a lower unit price over a higher-priced remifentanil alternative (Phases 1 and 3). Choice…

  15. Unit Pricing and Alternatives: Developing an Individualized Shopping Strategy.

    Science.gov (United States)

    Cude, Brenda; Walker, Rosemary

    1985-01-01

    This article offers a new perspective on the teaching of unit pricing in consumer economics classes by identifying ways to teach the costs as well as the benefits of unit pricing and realistic guidelines for suggesting situations in which it is most appropriate. Alternatives to unit pricing will also be explored. (CT)

  16. 75 FR 13345 - Pricing for Certain United States Mint Products

    Science.gov (United States)

    2010-03-19

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF THE TREASURY United States Mint Pricing for Certain United States Mint Products AGENCY: United States Mint, Department of the Treasury. ACTION: Notice. SUMMARY: The United States Mint is announcing the price of...

  17. Sticky continuous processes have consistent price systems

    DEFF Research Database (Denmark)

    Bender, Christian; Pakkanen, Mikko; Sayit, Hasanjan

    Under proportional transaction costs, a price process is said to have a consistent price system, if there is a semimartingale with an equivalent martingale measure that evolves within the bid-ask spread. We show that a continuous, multi-asset price process has a consistent price system, under arb...

  18. Bid Regulations in a Multi-unit Uniform Price Auction

    DEFF Research Database (Denmark)

    Boom, Anette

    for larger rms does not guarantee market prices below that cap. A suffciently high bid floor only for smaller firms destroys some or all pure strategy equilibria despite their prices being above the bid floor. With a general bid floor this happens only with considerably higher bid floors.......This paper examines the effect of bid regulations on the range of potential equilibrium prices in a multi-unit uniform price auction with heterogenous bidders. General bid caps destroy equilibria with prices above the bid cap and create new equilibria with prices way below the cap. A cap only...

  19. Use of Local Dynamic Electricity Prices for Indirect Control of DER Power Units

    DEFF Research Database (Denmark)

    Nørgård, Per Bromand; Isleifsson, Fridrik Rafn

    2013-01-01

    The regulation capability that may be provided by the individual small-scale distributed energy resources (DER power units) may be insignificant. However, the aggregated response from a large number of DER power units can be significant and thereby provide valuable system services to the power...... wind power, solar power, flexible load and electrical storage. The local power price generation is based on the actual Nord Pool DK2 Spot prices on hourly basis as the quasi-stationary global electricity price, and the local SYSLAB's power exchange with the national grid as basis for the dynamic price...... electricity prices for indirect control of active power. The local, dynamic electricity prices are realised as dynamic adjustments of the quasi-stationary global power price. The aims of the dynamic price adjustments are to prevent overloading of the grid, to reduce the grid power losses and to regulate...

  20. Two tier pricing system recommendation and summary

    Energy Technology Data Exchange (ETDEWEB)

    None

    1974-06-01

    In both the U.S. and the world today the most critical price system problem is the spectacular crude price set by the OPEC monopoly. In the U.S. this $10.00 plus price currently sets the price of 60% of our crude petroleum input. Therefore, the most powerful method available to reduce U.S. crude input price inflation is to reduce the OPEC monopoly price by at least $2 or 20%. At this price, it would supposedly approximate the long run cost of such energy. The situation is reviewed and recommendations and a summary are provided.

  1. Metal prices in the United States through 2010

    Science.gov (United States)

    ,

    2013-01-01

    This report, which updates and revises the U.S. Geological Survey (USGS) (1999) publication, “Metal Prices in the United States Through 1998,” presents an extended price history for a wide range of metals available in a single document. Such information can be useful for the analysis of mineral commodity issues, as well as for other purposes. The chapter for each mineral commodity includes a graph of annual current and constant dollar prices for 1970 through 2010, where available; a list of significant events that affected prices; a brief discussion of the metal and its history; and one or more tables that list current dollar prices. In some cases, the metal prices presented herein are for some alternative form of an element or, instead of a price, a value, such as the value for an import as appraised by the U.S. Customs Service. Also included are the prices for steel, steel scrap, and iron ore—steel because of its importance to the elements used to alloy with it, and steel scrap and iron ore because of their use in steelmaking. A few minor metals, such as calcium, potassium, sodium, strontium, and thorium, for which price histories were insufficient, were excluded. The annual prices given may be averages for the year, yearend prices, or some other price as appropriate for a particular commodity. Certain trade journals have been the source of much of this price information—American Metal Market, ICIS Chemical Business, Engineering and Mining Journal, Industrial Minerals, Metal Bulletin, Mining Journal, Platts Metals Week, Roskill Information Services Ltd. commodity reports, and Ryan’s Notes. Price information also is available in minerals information publications of the USGS (1880–1925, 1996–present) and the U.S. Bureau of Mines (1926–95), such as Mineral Commodity Summaries, Mineral Facts and Problems, Mineral Industry Surveys, and Minerals Yearbook. In addition to prices themselves, these journals and publications contain information relevant to

  2. THE IMPACTS OF PRICING SCHEMES ON DECENTRALIZED ASSEMBLY SYSTEMS

    Institute of Scientific and Technical Information of China (English)

    Li JIANG

    2008-01-01

    We study an assembly system where one assembler produces a final product to satisfy the price sensitive and uncertain demands.One unit of final product needs inputs from n complementary components each provided from a distinct supplier.The assembler orders from the suppliers and their relationships are governed by price-only contracts.The assembler practices two alternative pricing schemes:a fixed pricing scheme by which she fixes a retail price in all market situations.and a responsive pricing scheme by which she adjusts retail prices after observing actual demand curves.We find that,when the assembler practices the two pricing schemes,the suppliers charge the same wholesale prices,channel profit is allocated among the firms according to the same proportions,and the relative performances of the system under decentralized decision makings with respect to those under centralized decision makings are the same.Furthermore,responsive pricing improves the assembler's absolute performance,and the gains pass over to the suppliers in terms of higher profits and to the customers in terms of enhanced product availability and lowered market price.

  3. Pricing unit-linked insurance with guaranteed benefit

    Science.gov (United States)

    Iqbal, M.; Novkaniza, F.; Novita, M.

    2017-07-01

    Unit-linked insurance is an investment-linked insurance, that is, the given benefit is the premium investment out-come. Recently, the most widely marketed insurance in the industry is unit-linked insurance with guaranteed benefit. With guaranteed benefit applied, the insurance benefits form is similar to the payoff form of European call option. Thereby, pricing European call option is involved in pricing unit-linked insurance with guaranteed benefit. The dynamics of investment outcome is assumed to follow stochastic interest rate. Hence, change of measure methods is used in pricing unit-linked insurance. The discount factor with stochastic interest rate needs to be modified as well to be zero coupon bond price. Eventually, the insurance premium is calculated by equivalence principle with guaranteed benefit and insurance period explicitly given.

  4. Smart self-scheduling of Gencos with thermal and energy storage units under price uncertainty

    OpenAIRE

    Soroudi, Alireza

    2013-01-01

    This paper provides a self-scheduling tool for price taker Gencos. This methodology is based on Robust Optimization (RO) to deal with the uncertainties of market price values in the day-ahead electricity pool market. The Genco is assumed to be the entity who decides about the operating schedules of its thermal units and Compressed Air Energy Storage units. The benefits of Genco brought by smart grid technology and energy storage systems are investigated in this work. The applicability of the ...

  5. State energy price system. Volume I: overview and technical documentation

    Energy Technology Data Exchange (ETDEWEB)

    Fang, J.M.; Nieves, L.A.; Sherman, K.L.; Hood, L.J.

    1982-06-01

    This study utilizes existing data sources and previous analyses of state-level energy prices to develop consistent state-level energy prices series by fuel type and by end-use sector. The fuels are electricity, natural gas, coal, distillate fuel oil, motor gasoline, diesel, kerosene, jet fuel, residual fuel, and liquefied petroleum gas. The end-use sectors are residential, commercial, industrial, transportation, and electric utility. Based upon an evaluation of existing data sources, recommendations were formulated on the feasible approaches for developing a consistent state energy price series. The data series were compiled based upon the approaches approved after a formal EIA review. Detailed documentation was provided, including annual updating procedures. Recommendations were formulated for future improvements in the collection of data or in data processing. Generally, the geographical coverage includes the 50 states and the District of Columbia. Information on state-level energy use was generally taken from the State Energy Data System (SEDS). Corresponding average US prices are also developed using volumes reported in SEDS. To the extent possible, the prices developed are quantity weighted average retail prices. Both a Btu price series and a physical unit price series are developed for each fuel. The period covered by the data series is 1970 through 1980 for most fuels, though prices for electricity and natural gas extend back to 1960. (PSB)

  6. What Factors Affect the Prices of Low-Priced U.S. Solar PV Systems?

    Energy Technology Data Exchange (ETDEWEB)

    OShaughnessy, Eric J [National Renewable Energy Laboratory (NREL), Golden, CO (United States); Nemet, Greg [University of Wisconsin-Madison; Wiser, Ryan [Lawrence Berkeley National Laboratory; Darghouth, Naim [Lawrence Berkeley National Laboratory; Barbose, Galen [Lawrence Berkeley National Laboratory; Gillingham, Ken [Lawrence Berkeley National Laboratory; Rai, Varun [Lawrence Berkeley National Laboratory

    2017-08-09

    The price of solar PV systems has declined rapidly, yet there are some much lower-priced systems than others. This study explores the factors that determine prices in these low-priced (LP) systems. Using a data set of 42,611 residential-scale PV systems installed in the U.S. in 2013, we use quantile regressions to estimate the importance of factors affecting the installed prices for LP systems (those at the 10th percentile) in comparison to median-priced systems. We find that the value of solar to consumers-a variable that accounts for subsidies, electric rates, and PV generation levels-is associated with lower prices for LP systems but higher prices for median priced systems. Conversely, systems installed in new home construction are associated with lower prices at the median but higher prices for LP. Other variables have larger price-reducing effects on LP than on median priced systems: systems installed in Arizona and Florida, as well as commercial and thin film systems. In contrast, the following have a smaller effect on prices for LP systems than median priced systems: tracking systems, self-installations, systems installed in Massachusetts, the system size, and installer experience. These results highlight the complex factors at play that lead to LP systems and shed light into how such LP systems can come about.

  7. What Factors Affect the Prices of Low-Priced U.S. Solar PV Systems?

    Energy Technology Data Exchange (ETDEWEB)

    Nemet, Gregory F.; O' Shaughnessy, Eric; Wiser, Ryan; Darghouth, Naïm R.; Barbose, Galen; Gillingham, Ken; Rai, Varun

    2017-09-06

    The price of solar PV systems has declined rapidly, yet there are some much lower-priced systems than others. This study explores the factors leading some systems to be so much lower priced than others. Using a data set of 42,611 residential-scale PV systems installed in the U.S. in 2013, we use quantile regressions to estimate the importance of factors affecting the installed prices for low-priced (LP) systems (those at the 10th percentile) in comparison to median-priced systems. We find that the value of solar to consumers–a variable that accounts for subsidies, electric rates, and PV generation levels–is associated with lower prices for LP systems but higher prices for median priced systems. Conversely, systems installed in new home construction are associated with lower prices at the median but higher prices for LP. Other variables have larger cost-reducing effects on LP than on median priced systems: systems installed in Arizona and Florida, as well as commercial and thin film systems. In contrast, the following have a smaller effect on prices for LP systems than median priced systems: tracking systems, self-installations, systems installed in Massachusetts, the system size, and installer experience. These results highlight the complex factors at play that lead to LP systems and shed light into how such LP systems can come about.

  8. Acceleration of option pricing technique on graphics processing units

    NARCIS (Netherlands)

    Zhang, B.; Oosterlee, C.W.

    2010-01-01

    The acceleration of an option pricing technique based on Fourier cosine expansions on the Graphics Processing Unit (GPU) is reported. European options, in particular with multiple strikes, and Bermudan options will be discussed. The influence of the number of terms in the Fourier cosine series expan

  9. Acceleration of option pricing technique on graphics processing units

    NARCIS (Netherlands)

    Zhang, B.; Oosterlee, C.W.

    2014-01-01

    The acceleration of an option pricing technique based on Fourier cosine expansions on the graphics processing unit (GPU) is reported. European options, in particular with multiple strikes, and Bermudan options will be discussed. The influence of the number of terms in the Fourier cosine series expan

  10. 美国土地发展权转让定价主体、模型、制度的演进及启示%Evolution and Inspiration of Pricing Subject,Pricing Model,Pricing System of Transferable Development Rights in the United States

    Institute of Scientific and Technical Information of China (English)

    徐莉萍; 张淑霞; 李姣

    2016-01-01

    This paper chronologically clarifies three aspects:the background of transferable development rights and pricing subject and pricing model under the US private free market;the formation of organizations of transferable development rights regulated by the government and the relevant system and the effect of the implementation of the system;pricing subject and pricing model under the coordinating role of government regulation and market mechanism,the influence of the system on pricing subject and pricing model as well as the re-influence of pricing subject and pricing model on the system. China 's cur-rent land expropriation compensation policy lacks the equivalent value of transferable development rights ,resulting in the con-figuration of land development presenting"the competition at the bottom". Accordingly,China should make full use of the ex-perience of the US transferable development rights and its pricing,and establish transferable development rights pricing mod-el and organization management system in the form of nonprofit organization with Chinese characteristics.%文章按时间顺序系统梳理了美国私人自由市场下土地发展权转让的产生背景及定价主体与模型,政府调控土地发展权转让的组织机构与相关制度的形成及制度的执行效果,政府调控与市场机制协调作用下土地发展权转让定价主体与模型、制度对定价主体与模型的影响及定价主体与模型对制度的再影响.中国目前推行的征地补偿政策缺失了土地发展权对价,导致土地开发配置呈现"底部竞争"势态,应充分借鉴美国土地发展权转让及其定价经验,建立适用中国特色的土地发展权转让定价模型,并以非营利组织形式确立中国特色的土地发展权组织管理制度.

  11. Short Term Price Forecasting in Electricity Market Considering the Effect of Wind Units\\\\\\' Generation

    Directory of Open Access Journals (Sweden)

    H. Taherian

    2014-05-01

    Full Text Available The price signal in a competitive electricity market has a major importance in all planning and commissioning activities. Also, the electricity price has a non-deterministic nature and is affected by various parameters in short and long terms. Active players in electricity market need accurate and effective price forecasting for risk management. With the increased use of renewable energies, especially wind energy, the electricity price is being affected by this new parameter, as the intermittent nature of wind generation has further complicated the process of instantaneous balancing of power system demand against power generation. In this paper, using the Nord Pool electricity market data, the effect of wind units' generation on price forecasting is studied. The main idea is based on presenting an intelligent model for forecasting the Market Clearing Price through the use of a multilayer perceptron neural network based on hybrid genetic model and Imperialist Competitive algorithm. This hybrid model has a better accuracy, compared to the conventional neural networks (based on gradient-based optimization algorithms, and has the ability of converging towards the absolute optimum. The results verify the high accuracy of this model in short term electricity price forecasting.

  12. On the existence of consistent price systems

    DEFF Research Database (Denmark)

    Bayraktar, Erhan; Pakkanen, Mikko S.; Sayit, Hasanjan

    2014-01-01

    We formulate a sufficient condition for the existence of a consistent price system (CPS), which is weaker than the conditional full support condition (CFS). We use the new condition to show the existence of CPSs for certain processes that fail to have the CFS property. In particular this condition...

  13. [Implementation of an internal transfer pricing system for anaesthesia services].

    Science.gov (United States)

    Raetzell, M; Reissmann, H; Steinfath, M; Schuster, M; Schmidt, C; Scholz, J; Bauer, M

    2004-12-01

    Internal transfer pricing system (ITPS) of anaesthesia services is established to guarantee a close connection of delivered service and the budget of the department of anaesthesia. In most cases a time-based system is used with the pricing unit being calculated as the quotient from the enumerator "costs" divided by the denominator "anaesthesia time in minutes". The implementation of a transfer pricing system requires the identification of all relevant costs caused by the department of anaesthesia and a cost centre structure is needed which allocates all costs correctly according to their cause. The regulations regarding cost calculations as defined by the German DRG System should be considered. To generate valid data not only the necessary technical infrastructure is needed, but also detailed training of the staff and plausibility checks are needed to ensure correct and complete data. Subsequent agreements with the hospital administration are necessary in order to adjust the system if extrinsic cost increases occur. This paper gives a step-by-step guidance for the successful implementation of an internal transfer pricing system based on anaesthesia time.

  14. Photovoltaic System Pricing Trends. Historical, Recent, and Near-Term Projections, 2015 Edition

    Energy Technology Data Exchange (ETDEWEB)

    Feldman, David [National Renewable Energy Lab. (NREL), Golden, CO (United States); Barbose, Galen [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Margolis, Robert [National Renewable Energy Lab. (NREL), Golden, CO (United States); Bolinger, Mark [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Chung, Donald [National Renewable Energy Lab. (NREL), Golden, CO (United States); Fu, Ran [National Renewable Energy Lab. (NREL), Golden, CO (United States); Seel, Joachim [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Davidson, Carolyn [National Renewable Energy Lab. (NREL), Golden, CO (United States); Darghouth, Naïm [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Wiser, Ryan [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)

    2015-08-25

    This presentation, based on research at Lawrence Berkeley National Laboratory and the National Renewable Energy Laboratory, provides a high-level overview of historical, recent, and projected near-term PV pricing trends in the United States focusing on the installed price of PV systems. It also attempts to provide clarity surrounding the wide variety of potentially conflicting data available about PV system prices. This PowerPoint is the fourth edition from this series.

  15. Photovoltaic System Pricing Trends: Historical, Recent, and Near-Term Projections. 2014 Edition (Presentation)

    Energy Technology Data Exchange (ETDEWEB)

    Feldman, D.; Barbose, G.; Margolis, R.; James, T.; Weaver, S.; Darghouth, N.; Fu, R.; Davidson, C.; Booth, S.; Wiser, R.

    2014-09-01

    This presentation, based on research at Lawrence Berkeley National Laboratory and the National Renewable Energy Laboratory, provides a high-level overview of historical, recent, and projected near-term PV pricing trends in the United States focusing on the installed price of PV systems. It also attempts to provide clarity surrounding the wide variety of potentially conflicting data available about PV system prices. This PowerPoint is the third edition from this series.

  16. 75 FR 13345 - Pricing for Certain 2010 United States Mint Products

    Science.gov (United States)

    2010-03-19

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF THE TREASURY United States Mint Pricing for Certain 2010 United States Mint Products AGENCY: United States Mint, Department of the Treasury. ACTION: Notice. SUMMARY: The United States Mint is announcing the price of...

  17. Reducing electricity consumption peaks with parametrised dynamic pricing strategies given maximal unit prices

    NARCIS (Netherlands)

    Höning, N.F.; La Poutré, J.A.; Lopes, F.; Vale, Z.; Sousa, J.; Coelho, H.

    2013-01-01

    Demand response is a crucial mechanism for flattening of peak loads. For its implementation, we not only require consumers who react to price changes, but also intelligent strategies to select prices. We propose a parametrised meta-strategy for dynamic pricing and identify suitable strategies for gi

  18. The Influence of Rapid Transit Systems on Condominium Prices in Bangkok : A Hedonic price model approach

    OpenAIRE

    Thamrongsrisook, Chuti

    2011-01-01

    Rapid transit systems often create city developments and raise the property values. Basically, residential property price is characterised by number of characteristics including the transportations attributes. Empirical studies have drawn impacts of transportation in different ways. This thesis studies the hedonic price model to better understand the influence of mass rapid transit systems on the prices of condominium in Bangkok. The research question is "How the accessibility of rapid transi...

  19. Cost savings of unit-based pricing of household waste; the case of the Netherlands

    NARCIS (Netherlands)

    E. Dijkgraaf (Elbert); R.H.J.M. Gradus (Raymond)

    2003-01-01

    textabstractUsing a panel data set for Dutch municipalities we estimate effects for weight-based, bag-based, frequency-based and volume-based pricing of household waste collection. Unit-based pricing shows to be effective in reducing solid and compostable and increasing recyclable waste. Pricing has

  20. Implications of Israeli Agricultural Water Price Sharing System to China

    Institute of Scientific and Technical Information of China (English)

    Yifan LI; Fusheng LIU

    2016-01-01

    This paper introduces Israeli agricultural water price sharing system. According to Israeli agricultural water cost composition,water price sharing by farmers as well as government subsidy and its forms,the financial subsidy-based agricultural water price system has been established on the basis of the farmers’ income in our country and reasonable water price sharing,thus to promote the development of water-saving agriculture in China.

  1. Price System for Water Supply and its Economic Impact Analysis

    Directory of Open Access Journals (Sweden)

    Jing Zhao

    2015-04-01

    Full Text Available In light of the actual economic circumstances and water price level, the CGE model to simulate the price policy for multiple water sources is modified and expanded. A water price reform plan is proposed to meet water-saving requirements and water resources allocation. The affected scale and scope for implementing the water price policy is evaluated on a quantitative basis. Research results indicate that a reasonable water price system in Tianjin in 2020 should be set up as follows: the comprehensive tap water price stands at 4$/m3, the tap water price for industrial, administrative and business service sectors is 2.4$/m3, and the tap water price for special industry and domestic use are 8.8$/m3 and 1.4$/m3 respectively. The adjusted water price will bring about tangible results to water resources allocation optimization and water conservation. Although most sectors are negatively affected to varying degrees after raising the water price, particularly the lodging and catering sectors, a 100% water price rising will produce only little impact on price index, and sectoral output and employment will not cause economic fluctuations or social instability. Water price adjustments, as long as it is reasonable, will be more positive than negative on the whole. Research outcomes will provide a scientific decision-making basis for formulating the local water price policy.

  2. The price of a drink: the potential of alcohol minimum unit pricing as a public health measure in the UK.

    Science.gov (United States)

    Rice, Peter; Drummond, Colin

    2012-09-01

    The UK has seen a dramatic increase in alcohol consumption and alcohol-related harm over the past 30 years. Alcohol taxation has long been considered a key method of controlling alcohol-related harm but a combination of factors has recently led to consideration of methods which affect the price of the cheapest alcohol as a means of improved targeting of alcohol control measures to curb the consumption of the heaviest drinkers. Although much of the evidence in favour of setting a minimum price of a unit of alcohol is based on complex econometric models rather than empirical data, all jurisdictions within the UK now intend to make selling alcohol below a set price illegal, which will provide a naturalistic experiment allowing assessment of the impact of minimum pricing.

  3. Effects of unit-based garbage pricing : A differences-in-differences approach

    NARCIS (Netherlands)

    Allers, Maarten A.; Hoeben, Corine

    Using a unique 10-year dataset of all 458 Dutch municipalities, we apply a differences-in-differences approach to estimate the effect of unit-based pricing on household waste quantities and recycling. Community-level studies of unit-based pricing typically do not include fixed effects at the local

  4. 77 FR 23283 - All Items Consumer Price Index for All Urban Consumers; United States City Average

    Science.gov (United States)

    2012-04-18

    ... of the Secretary All Items Consumer Price Index for All Urban Consumers; United States City Average... this notice in the Federal Register that the United States City Average All Items Consumer Price Index for All Urban Consumers (1967 = 100) increased 116.6 percent from its 1984 annual average of 311.1...

  5. 76 FR 31991 - All Items Consumer Price Index for All Urban Consumers; United States City Average

    Science.gov (United States)

    2011-06-02

    ... of the Secretary All Items Consumer Price Index for All Urban Consumers; United States City Average... this notice in the Federal Register that the United States City Average All Items Consumer Price Index for All Urban Consumers (1967 = 100) increased 110.0 percent from its 1984 annual average of 311.1...

  6. 78 FR 35054 - All Items Consumer Price Index for All Urban Consumers; United States City Average

    Science.gov (United States)

    2013-06-11

    ... of the Secretary All Items Consumer Price Index for All Urban Consumers; United States City Average... in the Federal Register that the United States City Average All Items Consumer Price Index for All Urban Consumers (1967=100) increased 121.1 percent from its 1984 annual average of 311.1 to its...

  7. 75 FR 22164 - All Items Consumer Price Index for All Urban Consumers; United States City Average

    Science.gov (United States)

    2010-04-27

    ... of the Secretary All Items Consumer Price Index for All Urban Consumers; United States City Average... this notice in the Federal Register that the United States City Average All Items Consumer Price Index for All Urban Consumers (1967=100) increased 106.6 percent from its 1984 annual average of 311.1...

  8. Hospital Prices Increase in California, Especially Among Hospitals in the Largest Multi-hospital Systems

    Directory of Open Access Journals (Sweden)

    Glenn A. Melnick PhD

    2016-06-01

    Full Text Available A surge in hospital consolidation is fueling formation of ever larger multi-hospital systems throughout the United States. This article examines hospital prices in California over time with a focus on hospitals in the largest multi-hospital systems. Our data show that hospital prices in California grew substantially (+76% per hospital admission across all hospitals and all services between 2004 and 2013 and that prices at hospitals that are members of the largest, multi-hospital systems grew substantially more (113% than prices paid to all other California hospitals (70%. Prices were similar in both groups at the start of the period (approximately $9200 per admission. By the end of the period, prices at hospitals in the largest systems exceeded prices at other California hospitals by almost $4000 per patient admission. Our study findings are potentially useful to policy makers across the country for several reasons. Our data measure actual prices for a large sample of hospitals over a long period of time in California. California experienced its wave of consolidation much earlier than the rest of the country and as such our findings may provide some insights into what may happen across the United States from hospital consolidation including growth of large, multi-hospital systems now forming in the rest of the rest of the country.

  9. Strategic Generation with Conjectured Transmission Price Responses in a Mixed Transmission Pricing System. Part 1. Formulation

    Energy Technology Data Exchange (ETDEWEB)

    Hobbs, B.F. [Department of Geography and Environmental Engineering, The Johns Hopkins University, Baltimore, MD (United States); Rijkers, F.A.M. [Office of Energy Regulation DTe, Den Haag (Netherlands)

    2004-05-01

    The conjectured supply function (CSF) model calculates an oligopolistic equilibrium among competing generating companies (GenCos), presuming that GenCos anticipate that rival firms will react to price increases by expanding their sales at an assumed rate. The CSF model is generalized here to include each generator's conjectures concerning how the price of transmission services (point-to-point service and constrained interfaces) will be affected by the amount of those services that the generator demands. This generalization reflects the market reality that large producers will anticipate that they can favorably affect transmission prices by their actions. The model simulates oligopolistic competition among generators while simultaneously representing a mixed transmission pricing system. This mixed system includes fixed transmission tariffs, congestion-based pricing of physical transmission constraints (represented as a linearized dc load flow), and auctions of interface capacity in a path-based pricing system. Pricing inefficiencies, such as export fees and no credit for counterflows, can be simulated. The model is formulated as a linear mixed complementarity problem, which enables very large market models to be solved. In the second paper of this two-paper series, the capabilities of the model are illustrated with an application to northwest Europe, where transmission pricing is based on such a mixture of approaches.

  10. Energy prices and substitution in United States manufacturing plants

    Science.gov (United States)

    Grim, Cheryl

    Persistent regional disparities in electricity prices, growth in wholesale power markets, and recent deregulation attempts have intensified interest in the performance of the U.S. electric power industry, while skyrocketing fuel prices have brought renewed interest in the effect of changes in prices of all energy types on the U.S. economy. This dissertation examines energy prices and substitution between energy types in U.S. manufacturing. I use a newly constructed database that includes information on purchased electricity and electricity expenditures for more than 48,000 plants per year and additional data on the utilities that supply electricity to study the distribution of electricity prices paid by U.S. manufacturing plants from 1963 to 2000. I find a large compression in the dispersion of electricity prices from 1963 to 1978 due primarily to a decrease in quantity discounts for large electricity purchasers. I also find that spatial dispersion in retail electricity prices among states, counties and utility service territories is large, rises over time for smaller purchasers, and does not diminish as wholesale power markets expand in the 1990s. In addition, I examine energy type consumption patterns, prices, and substitution in U.S. manufacturing plants. I develop a plant-level dataset for 1998 with data on consumption and expenditures on energy and non-energy production inputs, output, and other plant characteristics. I find energy type consumption patterns vary widely across manufacturing plants. Further, I find a large amount of dispersion across plants in the prices paid for electricity, oil, natural gas, and coal. These high levels of dispersion are accounted for by the plant's location, industry, and purchase quantity. Finally, I present estimates of own- and cross-price elasticities of demand for both the energy and non-energy production inputs.

  11. New algorithm for the unit commitment based on the system marginal price%基于边际电价的短期机组组合求解新方法

    Institute of Scientific and Technical Information of China (English)

    江健健; 夏清; 沈瑜; 康重庆; 许洪强; 张元鹏

    2001-01-01

    在制定电力市场中的电力交易计划时,由于系统边际电价(SMP)的引入,机组组合问题呈现出非解析的特点。论文建立了基于系统边际电价机组组合问题的数学模型,并结合电力市场的新特点,在分析Lagrangian分解与协调算法机理的基础上,提出了一种求解基于系统边际电价的机组组合问题的新方法。与传统Lagrangian方法相比,新算法很好地解决了传统方法求解基于SMP的机组组合问题时遇到的“振荡”以及“调整死区”等问题。实际应用表明:新算法具有很好的快速收敛性以及优化效果。%he concept of system marginal price (SMP) is introduced intopower generation planning. The objective function of the unit commitment is non-analytic. This paper presents the mathematical model of the unit commitment based on SMP with a new method for solving the unit commitment by analyzing the mechanism of the Lagrangian relaxation method and its coordinating process. The method overcomes the “calculated oscillation” and “dead-zone regulation” problems arising from the analysis of the unit commitment in a deregulated environment by traditional methods. The quick convergence and excellent optimizing ability of the new method are demonstrated by a practical application.

  12. Comparison of pharmaceutical pricing and reimbursement systems in Turkey and certain EU countries.

    Science.gov (United States)

    Atikeler, Enver Kagan; Özçelikay, Gulbin

    2016-01-01

    Recently, the need for health care services has increased gradually and the limitations in sources allocated for this area have been recognized. Moving from this fact, it has gained a supreme importance to determine what health programs or technologies will be given priority. According to Danzon (Reference pricing: theory and evidence, reference pricing and pharmaceutical policy: perspectives on economics and innovation, springer, New York, pp 86-126, 2001), arrangements towards controlling the expenses through price and profit controls, reimbursement methods and incentives have recently gained wide currency. This present study examines; along with the current situation in Turkey, pharmaceutical pricing methods, reimbursement methods and basic health indicators, within the scope of changing pharmaceutical policies, in Turkey, the EU countries which Turkey takes as reference and the United Kingdom, the implementations of which are of utmost importance for other countries. Upon the research conducted, it was detected that the pharmaceutical pricing in Turkey has been performed on the basis of the reference pricing system that takes Italy, Portugal, Spain, Greece and France as reference. The regulations regarding the reimbursement process are determined by SSI. For Turkey's case; pricing and reimbursement system has been changed numerous times and the discount rates has incrementally risen. In pricing, on the other hand, during this period companies faced with difficulties in economic terms because of the fact that price discount of high rates are implemented over the reference price and that the European currency of Euro is determined as 70% of previous year average Euro sales rate which is 2,1166 for the year 2016. Each country has specific regulations and pricing and reimbursement policies of medicines based on economic situation, reimbursement methods and market size. The aim of pricing and reimbursement systems are reaching more efficient and sustainable

  13. Does Pharmaceutical Pricing Transparency Matter? Examining Brazil's Public Procurement System.

    Science.gov (United States)

    Kohler, Jillian Clare; Mitsakakis, Nicholas; Saadat, Faridah; Byng, Danalyn; Martinez, Martha Gabriela

    2015-08-04

    We review procurement and pricing transparency practices for pharmaceutical products. We specifically focus on Brazil and examine its approach to increasing pricing transparency, with the aim of determining the level of effectiveness in lower prices using a tool (Banco de Preços em Saúde, BPS) that only reveals purchase prices as compared to other tools (in other countries) that establish a greater degree of price transparency. A general report of Preços em Saúde (BPS) and Sistema Integrado de Administração de Serviços Gerais (SIASG) pricing data was created for 25 drugs that met specific criteria. To explore the linear time trend of each of the drugs, separate regression models were fitted for each drug, resulting in a total of 19 models. Each model controlled for the state variable and the interaction between state and time, in order to accommodate expected heterogeneity in the data. Additionally, the models controlled for procurement quantities and the effect they have on the unit price. Secondary analysis using mixed effects models was also carried out to account for the impact that institutions and suppliers may have upon the unit price. Adjusting for these predictor variables (procurement quantities, supplier, purchasing institution) was important to determine the sole effect that time has had on unit prices. A total of 2 x 19 = 38 models were estimated to explore the overall effect of time on changes in unit price. All statistical analyses were performed using the R statistical software, while the linear mixed effects models were fitted using the lme4 R package. The findings from our analysis suggest that there is no pattern of consistent price decreases within the two Brazilian states during the five-year period for which the prices were analyzed. While the BPS does allow for an increase in transparency and information on drug purchase prices in Brazil, it has not shown to lead to consistent reductions in drug purchase prices for some of the most

  14. U.S. Residential Photovoltaic (PV) System Prices, Q4 2013 Benchmarks: Cash Purchase, Fair Market Value, and Prepaid Lease Transaction Prices

    Energy Technology Data Exchange (ETDEWEB)

    Davidson, C.; James, T. L.; Margolis, R.; Fu, R.; Feldman, D.

    2014-10-01

    The price of photovoltaic (PV) systems in the United States (i.e., the cost to the system owner) has dropped precipitously in recent years, led by substantial reductions in global PV module prices. This report provides a Q4 2013 update for residential PV systems, based on an objective methodology that closely approximates the book value of a PV system. Several cases are benchmarked to represent common variation in business models, labor rates, and module choice. We estimate a weighted-average cash purchase price of $3.29/W for modeled standard-efficiency, polycrystalline-silicon residential PV systems installed in the United States. This is a 46% decline from the 2013-dollar-adjusted price reported in the Q4 2010 benchmark report. In addition, this report frames the cash purchase price in the context of key price metrics relevant to the continually evolving landscape of third-party-owned PV systems by benchmarking the minimum sustainable lease price and the fair market value of residential PV systems.

  15. Comparison of United States and Canadian Glaucoma Medication Costs and Price Change from 2006 to 2013

    Directory of Open Access Journals (Sweden)

    Matthew B. Schlenker

    2015-01-01

    Full Text Available Objective. Compare glaucoma medication costs between the United States (USA and Canada. Methods. We modelled glaucoma brand name and generic medication annual costs in the USA and Canada based on October 2013 Costco prices and previously reported bottle overfill rates, drops per mL, and wastage adjustment. We also calculated real wholesale price changes from 2006 to 2013 based on the Average Wholesale Price (USA and the Ontario Drug Benefit Price (Canada. Results. US brand name medication costs were on average 4x more than Canadian medication costs (range: 1.9x–6.9x, averaging a cost difference of $859 annually. US generic costs were on average the same as Canadian costs, though variation exists. US brand name wholesale prices increased from 2006 to 2013 more than Canadian prices (US range: 29%–349%; Canadian range: 9%–16%. US generic wholesale prices increased modestly (US range: −23%–58%, and Canadian wholesale prices decreased (Canadian range: −38%–0%. Conclusions. US brand name glaucoma medications are more expensive than Canadian medications, though generic costs are similar (with some variation. The real prices of brand name medications increased more in the USA than in Canada. Generic price changes were more modest, with real prices actually decreasing in Canada.

  16. Power systems locational marginal pricing in deregulated markets

    Science.gov (United States)

    Wang, Hui-Fung Francis

    Since the beginning of the 1990s, the electricity business is transforming from a vertical integrating business to a competitive market operations. The generation, transmission, distribution subsystem of an electricity utility are operated independently as Genco (generation subsystem), Transco (transmission subsystem), and Distco (distribution subsystem). This trend promotes more economical inter- and intra regional transactions to be made by the participating companies and the users of electricity to achieve the intended objectives of deregulation. There are various types of electricity markets that are implemented in the North America in the past few years. However, transmission congestion management becomes a key issue in the electricity market design as more bilateral transactions are traded across long distances competing for scarce transmission resources. It directly alters the traditional concept of energy pricing and impacts the bottom line, revenue and cost of electricity, of both suppliers and buyers. In this research, transmission congestion problem in a deregulated market environment is elucidated by implementing by the Locational Marginal Pricing (LMP) method. With a comprehensive understanding of the LMP method, new mathematical tools will aid electric utilities in exploring new business opportunities are developed and presented in this dissertation. The dissertation focuses on the development of concept of (LMP) forecasting and its implication to the market participants in deregulated market. Specifically, we explore methods of developing fast LMP calculation techniques that are differ from existing LMPs. We also explore and document the usefulness of the proposed LMP in determining electricity pricing of a large scale power system. The developed mathematical tools use of well-known optimization techniques such as linear programming that are support by several flow charts. The fast and practical security constrained unit commitment methods are the

  17. A support system for predicting eBay end prices.

    NARCIS (Netherlands)

    D.P. van Heijst (Dennis); R. Potharst (Rob); M.C. van Wezel (Michiel)

    2006-01-01

    textabstractIn this report a support system for predicting end prices on eBay is proposed. The end price predictions are based on the item descriptions found in the item listings of eBay, and on some numerical item features. The system uses text mining and boosting algorithms from the field of mach

  18. Description of a Distance-Dependant Road Pricing System

    DEFF Research Database (Denmark)

    Jensen, Peder; Kildebogaard, Jan

    1999-01-01

    The report describes the functional requirements of a distance dependant road pricing system. In addition it presents an implementation of these requirements in the form of a demonstration model.......The report describes the functional requirements of a distance dependant road pricing system. In addition it presents an implementation of these requirements in the form of a demonstration model....

  19. Examining the short-run price elasticity of gasoline demand in the United States

    Science.gov (United States)

    Brannan, Michael James

    Estimating the consumer demand response to changes in the price of gasoline has important implications regarding fuel tax policies and environmental concerns. There are reasons to believe that the short-run price elasticity of gasoline demand fluctuates due to changing structural and behavioral factors. In this paper I estimate the short-run price elasticity of gasoline demand in two time periods, from 2001 to 2006 and from 2007 to 2010. This study utilizes data at both the national and state levels to produce estimates. The short-run price elasticities range from -0.034 to -0.047 during 2001 to 2006, compared to -0.058 to -0.077 in the 2007 to 2010 period. This paper also examines whether there are regional differences in the short-run price elasticity of gasoline demand in the United States. However, there appears to only be modest variation in price elasticity values across regions.

  20. 75 FR 10561 - Pricing for 2010 United States Mint America the Beautiful QuartersTM

    Science.gov (United States)

    2010-03-08

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF THE TREASURY United States Mint Pricing for 2010 United States Mint America the Beautiful Quarters\\TM\\ Two-Roll Set, etc. AGENCY: United States Mint, Department of the Treasury. ACTION: Notice. SUMMARY: The...

  1. 75 FR 10345 - Pricing for 2010 United States Mint America the Beautiful Quarters Proof Set, etc.

    Science.gov (United States)

    2010-03-05

    ... [Federal Register Volume 75, Number 43 (Friday, March 5, 2010)] [Notices] [Pages 10345-10346] [FR Doc No: 2010-4534] DEPARTMENT OF THE TREASURY United States Mint Pricing for 2010 United States Mint America the Beautiful Quarters Proof Set, etc. AGENCY: United States Mint, Department of the...

  2. Option pricing with COS method on Graphics Processing Units

    NARCIS (Netherlands)

    B. Zhang (Bo); C.W. Oosterlee (Cornelis)

    2009-01-01

    htmlabstractIn this paper, acceleration on the GPU for option pricing by the COS method is demonstrated. In particular, both European and Bermudan options will be discussed in detail. For Bermudan options, we consider both the Black-Scholes model and Levy processes of infinite activity. Moreover, th

  3. Option pricing with COS method on Graphics Processing Units

    NARCIS (Netherlands)

    Zhang, B.; Oosterlee, C.W.

    2009-01-01

    In this paper, acceleration on the GPU for option pricing by the COS method is demonstrated. In particular, both European and Bermudan options will be discussed in detail. For Bermudan options, we consider both the Black-Scholes model and Levy processes of infinite activity. Moreover, the influence

  4. Pricing strategy in a dual-channel and remanufacturing supply chain system

    Science.gov (United States)

    Jiang, Chengzhi; Xu, Feng; Sheng, Zhaohan

    2010-07-01

    This article addresses the pricing strategy problems in a supply chain system where the manufacturer sells original products and remanufactured products via indirect retailer channels and direct Internet channels. Due to the complexity of that system, agent technologies that provide a new way for analysing complex systems are used for modelling. Meanwhile, in order to reduce the computational load of searching procedure for optimal prices and profits, a learning search algorithm is designed and implemented within the multi-agent supply chain model. The simulation results show that the proposed model can find out optimal prices of original products and remanufactured products in both channels, which lead to optimal profits of the manufacturer and the retailer. It is also found that the optimal profits are increased by introducing direct channel and remanufacturing. Furthermore, the effect of customer preference, direct channel cost and remanufactured unit cost on optimal prices and profits are examined.

  5. Comparing Generic Drug Markets in Europe and the United States: Prices, Volumes, and Spending.

    Science.gov (United States)

    Wouters, Olivier J; Kanavos, Panos G; McKEE, Martin

    2017-09-01

    Policy Points: Our study indicates that there are opportunities for cost savings in generic drug markets in Europe and the United States. Regulators should make it easier for generic drugs to reach the market. Regulators and payers should apply measures to stimulate price competition among generic drugmakers and to increase generic drug use. To meaningfully evaluate policy options, it is important to analyze historical context and understand why similar initiatives failed previously. Rising drug prices are putting pressure on health care budgets. Policymakers are assessing how they can save money through generic drugs. We compared generic drug prices and market shares in 13 European countries, using data from 2013, to assess the amount of variation that exists between countries. To place these results in context, we reviewed evidence from recent studies on the prices and use of generics in Europe and the United States. We also surveyed peer-reviewed studies, gray literature, and books published since 2000 to (1) outline existing generic drug policies in European countries and the United States; (2) identify ways to increase generic drug use and to promote price competition among generic drug companies; and (3) explore barriers to implementing reform of generic drug policies, using a historical example from the United States as a case study. The prices and market shares of generics vary widely across Europe. For example, prices charged by manufacturers in Switzerland are, on average, more than 2.5 times those in Germany and more than 6 times those in the United Kingdom, based on the results of a commonly used price index. The proportion of prescriptions filled with generics ranges from 17% in Switzerland to 83% in the United Kingdom. By comparison, the United States has historically had low generic drug prices and high rates of generic drug use (84% in 2013), but has in recent years experienced sharp price increases for some off-patent products. There are policy

  6. Price-based Optimal Control of Electrical Power Systems

    Energy Technology Data Exchange (ETDEWEB)

    Jokic, A.

    2007-09-10

    The research presented in this thesis is motivated by the following issue of concern for the operation of future power systems: Future power systems will be characterized by significantly increased uncertainties at all time scales and, consequently, their behavior in time will be difficult to predict. In Chapter 2 we will present a novel explicit, dynamic, distributed feedback control scheme that utilizes nodal-prices for real-time optimal power balance and network congestion control. The term explicit means that the controller is not based on solving an optimization problem on-line. Instead, the nodal prices updates are based on simple, explicitly defined and easily comprehensible rules. We prove that the developed control scheme, which acts on the measurements from the current state of the system, always provide the correct nodal prices. In Chapter 3 we will develop a novel, robust, hybrid MPC control (model predictive controller) scheme for power balance control with hard constraints on line power flows and network frequency deviations. The developed MPC controller acts in parallel with the explicit controller from Chapter 2, and its task is to enforce the constraints during the transient periods following suddenly occurring power imbalances in the system. In Chapter 4 the concept of autonomous power networks will be presented as a concise formulation to deal with economic, technical and reliability issues in power systems with a large penetration of distributed generating units. With autonomous power networks as new market entities, we propose a novel operational structure of ancillary service markets. In Chapter 5 we will consider the problem of controlling a general linear time-invariant dynamical system to an economically optimal operating point, which is defined by a multiparametric constrained convex optimization problem related with the steady-state operation of the system. The parameters in the optimization problem are values of the exogenous inputs to

  7. Pricing Decision Support System for Generation Companies in Electricity Market

    Institute of Scientific and Technical Information of China (English)

    FangDebin; WangXianjia

    2005-01-01

    In order to meet the requirement of separating power plants from power network and that of the competition based power transaction in power market, the pricing decision support system for generation companies (GCPDSS) is built in electricity market. This paper introduces the conception of intelligent decision support system (IDSS) and puts emphasis on the systematical structural framework,work process, design principal, and fundamental function of GCPDSS. The system has the module to analyze the cost, to forecast the demand of power, to construct the pricing strategies, to manage the pricing risk, and to dispatch giving the pricing strategies.The case study illustrates that the friendly window-based user interface of the system enables the user to take full advantage of the capabilities of the system in order to make effective real-time decisions.

  8. Envy-Free Pricing with General Supply Constraints for Unit Demand Consumers

    Institute of Scientific and Technical Information of China (English)

    Sungjin Im; Pin-Yan Lu; Ya-Jun Wang

    2012-01-01

    The envy-free pricing problem can be stated as finding a pricing and allocation scheme in which each consumer is allocated a set of items that maximize his/her utility under the pricing.The goal is to maximize seller revenue.We study the problem with general supply constraints which are given as an independence system defined over the items.The constraints,for example,can be a number of linear constraints or matroids.This captures the situation where items do not pre-exist,but are produced in reflection of consumer valuation of the items under the limit of resources.This paper focuses on the case of unit-demand consumers.In the setting,there are n consumers and m items; each item may be produced in multiple copies.Each consumer i ∈ [n] has a valuation vij on item j in the set Si in which he/she is interested.He/she must be allocated (if any) an item which gives the maximum (non-negative) utility.Suppose we are given an α-approximation oracle for finding the maximum weight independent set for the given independence system (or a slightly stronger oracle); for a large number of natural and interesting supply constraints,constant approximation algorithms are available.We obtain the following results.1) O(α log n)-approximation for the general case.2) O(αk)-approximation when each consumer is interested in at most k distinct types of items.3) O(αf)-approximation when each type of item is interesting to at most f consumers.Note that the final two results were previously unknown even without the independence system constraint.

  9. 78 FR 35054 - All Items Consumer Price Index for All Urban Consumers United States City Average

    Science.gov (United States)

    2013-06-11

    ... of the Secretary All Items Consumer Price Index for All Urban Consumers United States City Average... Commission and publishes this notice in the Federal Register that the United States City Average All Items... average of 147.7 to its 2012 annual average of 687.761 and that it increased 29.7 percent from its...

  10. 77 FR 23282 - All Items Consumer Price Index for All Urban Consumers; United States City Average

    Science.gov (United States)

    2012-04-18

    ... of the Secretary All Items Consumer Price Index for All Urban Consumers; United States City Average... Election Commission and publishes this notice in the Federal Register that the United States City Average... 1974 annual average of 147.7 to its 2011 annual average of 673.818 and that it increased 27.0...

  11. 75 FR 22164 - All Items Consumer Price Index for All Urban Consumers United States City Average

    Science.gov (United States)

    2010-04-27

    ... of the Secretary All Items Consumer Price Index for All Urban Consumers United States City Average... Commission and publishes this notice in the Federal Register that the United States City Average All Items... average of 147.7 to its 2009 annual average of 642.658 and that it increased 21.2 percent from its...

  12. 76 FR 15047 - Pricing for 2010 United States Mint America the Beautiful Quarters Silver Proof SetTM

    Science.gov (United States)

    2011-03-18

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF THE TREASURY United States Mint Pricing for 2010 United States Mint America the Beautiful Quarters Silver Proof Set\\TM\\, etc. ACTION: Pricing for 2010 United States Mint America the Beautiful Quarters Silver Proof Set...

  13. Open access pricing methodology in economically adapted electric transmission systems

    Energy Technology Data Exchange (ETDEWEB)

    Rudnick, Hugh; Cura, Eliana; Palma, Rodrigo [Pontificia Univ. Catolica de Chile, Santiago (Chile). Dept. de Ingenieria Electrica

    1996-07-01

    Open access pricing methodologies are evaluated in a deregulated environment, as applied to an economically adapted electric transmission system over a ten year time horizon. A transmission planning methodology using a genetic algorithm is used to determine the adapted system and the required investment over the horizon. A production cost simulation algorithm is utilized to determine the operation of the hydroelectric system and the resultant short term marginal income. Different pricing methodologies to allocate the required supplement, as applied to the Chilean central interconnected electrical system, are evaluated: use of system, postage stamp and user benefit. The resultant payment allocations are assessed and their economic impact on participants is discussed. (author)

  14. Options for pricing ancillary services in a deregulated power system

    Science.gov (United States)

    Yamin, Hatim Yahya

    2001-07-01

    GENCOs in restructured systems are compensated for selling energy in the market. In a restructured market, a mechanism is required to entice participants in the market to provide ancillary services and to ensure adequate compensation that would guarantee its economic viability. The ISO controls the dispatch of generation, manages the reliability of the transmission grid, provides open access to the transmission, buys and provides ancillary services as required, coordinates day-ahead, hour-ahead schedules and performs real time balancing of load and generation, settles real time imbalances and ancillary services sales and purchases. The ISO, also, administers congestion management protocols for the transmission grid. Since the ISO does not own any generating units it must ensure that there is enough reserves for maintaining reliability according to FERC regulations, and sufficient unloaded generating capacity for balancing services in a real-time market. The ISO could meet these requirements by creating a competitive market for ancillary services, which are metered and remain unbundled to provide an accurate compensation for each supplier and cost to each consumer, In this study, we give an overview for restructuring and ancillary services in a restructured power marketplace. Also, we discuss the effect of GENCOs' actions in the competitive energy and ancillary service markets. In addition, we propose an auction market design for hedging ancillary service costs in California market. Furthermore, we show how to include the n-1 and voltage contingencies in security constrained unit commitment. Finally, we present two approaches for GENCOs' unit commitment in a restructured power market; one is based on game theory and the other is based on market price forecasting. In each of the two GENCOs' unit commitment approaches, we discuss the GENCOs' optimal bidding strategies in energy and ancillary service markets to maximize the GENCOs' profit.

  15. Application of Impulse Control in Smart Grid Price System

    Directory of Open Access Journals (Sweden)

    Peng Du

    2013-07-01

    Full Text Available With the development of smart grid, flexible and interactive electricity market will finally emerge. Making full use of price can encourage consumers to use electricity during a low load period and reduce peak load, thus to guarantee electricity market stability. Impulse control is applied to price system in this paper. It is found that giving impulse control to price system can make the system reach stable state well, which is based on the theory of impulsive differential system. The sufficient condition for stable system and the max upper bound of impulse interval are also provided. The proposed method is proved to be feasible and effective by theoretically analysis and numerical simulation.

  16. Exponential Stability of Stochastic Nonlinear Dynamical Price System with Delay

    Directory of Open Access Journals (Sweden)

    Wenli Zhu

    2013-01-01

    Full Text Available Based on Lyapunov stability theory, Itô formula, stochastic analysis, and matrix theory, we study the exponential stability of the stochastic nonlinear dynamical price system. Using Taylor's theorem, the stochastic nonlinear system with delay is reduced to an n-dimensional semilinear stochastic differential equation with delay. Some sufficient conditions of exponential stability and corollaries for such price system are established by virtue of Lyapunov function. The time delay upper limit is solved by using our theoretical results when the system is exponentially stable. Our theoretical results show that if the classical price Rayleigh equation is exponentially stable, so is its perturbed system with delay provided that both the time delay and the intensity of perturbations are small enough. Two examples are presented to illustrate our results.

  17. Nicotine reduction as an increase in the unit price of cigarettes: a behavioral economics approach.

    Science.gov (United States)

    Smith, Tracy T; Sved, Alan F; Hatsukami, Dorothy K; Donny, Eric C

    2014-11-01

    Urgent action is needed to reduce the harm caused by smoking. Product standards that reduce the addictiveness of cigarettes are now possible both in the U.S. and in countries party to the Framework Convention on Tobacco Control. Specifically, standards that required substantially reduced nicotine content in cigarettes could enable cessation in smokers and prevent future smoking among current non-smokers. Behavioral economics uses principles from the field of microeconomics to characterize how consumption of a reinforcer changes as a function of the unit price of that reinforcer (unit price=cost/reinforcer magnitude). A nicotine reduction policy might be considered an increase in the unit price of nicotine because smokers are paying more per unit of nicotine. This perspective allows principles from behavioral economics to be applied to nicotine reduction research questions, including how nicotine consumption, smoking behavior, use of other tobacco products, and use of other drugs of abuse are likely to be affected. This paper reviews the utility of this approach and evaluates the notion that a reduction in nicotine content is equivalent to a reduction in the reinforcement value of smoking-an assumption made by the unit price approach.

  18. Pricing Rate of Return Guarantees in Regular Premium Unit Linked Insurance

    NARCIS (Netherlands)

    Schrager, D.F.; Pelsser, A.

    2004-01-01

    We derive general pricing formulas for Rate of Return Guarantees in Regular Premium Unit Linked Insurance under stochastic interest rates. Our main contribution focusses on the effect of stochastic interest rates. First, we show the effect of stochastic interest rates can be interpreted as, what is

  19. 75 FR 4451 - Notification of United States Mint 2010 Commemorative Coin Pricing

    Science.gov (United States)

    2010-01-27

    ... of America Centennial Silver Dollar Programs. Public Laws 110-227 and 110-363 require the United States Mint to mint and issue American Veterans Disabled for Life and Boy Scouts of America Centennial.... The Boy Scouts of America Centennial Silver Dollar will be offered at an introductory price on March...

  20. Pricing Rate of Return Guarantees in Regular Premium Unit Linked Insurance

    NARCIS (Netherlands)

    Schrager, D.F.; Pelsser, A.

    2004-01-01

    We derive general pricing formulas for Rate of Return Guarantees in Regular Premium Unit Linked Insurance under stochastic interest rates. Our main contribution focusses on the effect of stochastic interest rates. First, we show the effect of stochastic interest rates can be interpreted as, what is

  1. Dynamic Inventory and Pricing Policy in a Periodic-Review Inventory System with Finite Ordering Capacity and Price Adjustment Cost

    OpenAIRE

    Baimei Yang; Chunyan Gao; Na Liu; Liang Xu

    2015-01-01

    We consider a dynamic inventory control and pricing optimization problem in a periodic-review inventory system with price adjustment cost. Each order occurs with a fixed ordering cost; the ordering quantity is capacitated. We consider a sequential decision problem, where the firm first chooses the ordering quantity and then the sale price to maximize the expected total discounted profit over the sale horizon. We show that the optimal inventory control is partially charac...

  2. Entropy, pricing and macroeconomics of pumped-storage systems

    Science.gov (United States)

    Karakatsanis, Georgios; Mamassis, Nikos; Koutsoyiannis, Demetris; Efstratiadis, Andreas

    2014-05-01

    We propose a pricing scheme for the enhancement of macroeconomic performance of pumped-storage systems, based on the statistical properties of both geophysical and economic variables. The main argument consists in the need of a context of economic values concerning the hub energy resource; defined as the resource that comprises the reference energy currency for all involved renewable energy sources (RES) and discounts all related uncertainty. In the case of pumped-storage systems the hub resource is the reservoir's water, as a benchmark for all connected intermittent RES. The uncertainty of all involved natural and economic processes is statistically quantifiable by entropy. It is the relation between the entropies of all involved RES that shapes the macroeconomic state of the integrated pumped-storage system. Consequently, there must be consideration on the entropy of wind, solar and precipitation patterns, as well as on the entropy of economic processes -such as demand preferences on either current energy use or storage for future availability. For pumped-storage macroeconomics, a price on the reservoir's capacity scarcity should also be imposed in order to shape a pricing field with upper and lower limits for the long-term stability of the pricing range and positive net energy benefits, which is the primary issue of the generalized deployment of pumped-storage technology. Keywords: Entropy, uncertainty, pricing, hub energy resource, RES, energy storage, capacity scarcity, macroeconomics

  3. U.S. Photovoltaic Prices and Cost Breakdowns. Q1 2015 Benchmarks for Residential, Commercial, and Utility-Scale Systems

    Energy Technology Data Exchange (ETDEWEB)

    Chung, Donald [National Renewable Energy Lab. (NREL), Golden, CO (United States); Davidson, Carolyn [National Renewable Energy Lab. (NREL), Golden, CO (United States); Fu, Ran [National Renewable Energy Lab. (NREL), Golden, CO (United States); Ardani, Kristen [National Renewable Energy Lab. (NREL), Golden, CO (United States); Margolis, Robert [National Renewable Energy Lab. (NREL), Golden, CO (United States)

    2015-09-01

    The price of photovoltaic (PV) systems in the United States (i.e., the cost to the system owner) has continued to decline across all major market sectors. This report provides a Q1 2015 update regarding the prices of residential, commercial, and utility scale PV systems, based on an objective methodology that closely approximates the book value of a PV system. Several cases are benchmarked to represent common variations in business models, labor rates, and system architecture choice. We estimate a weighted-average cash purchase price of $3.09/W for residential scale rooftop systems, $2.15/W for commercial scale rooftop systems, $1.77/W for utility scale systems with fixed mounting structures, and $1.91/W for utility scale systems using single-axis trackers. All systems are modeled assuming standard-efficiency, polycrystalline-silicon PV modules, and further assume installation within the United States.

  4. Distribution System Pricing with Distributed Energy Resources

    Energy Technology Data Exchange (ETDEWEB)

    Hledik, Ryan [The Brattle Group, Cambridge, MA (United States); Lazar, Jim [The Regulatory Assistance Project, Montpelier, VT (United States); Schwartz, Lisa [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)

    2017-08-16

    Technological changes in the electric utility industry bring tremendous opportunities and significant challenges. Customers are installing clean sources of on-site generation such as rooftop solar photovoltaic (PV) systems. At the same time, smart appliances and control systems that can communicate with the grid are entering the retail market. Among the opportunities these changes create are a cleaner and more diverse power system, the ability to improve system reliability and system resilience, and the potential for lower total costs. Challenges include integrating these new resources in a way that maintains system reliability, provides an equitable sharing of system costs, and avoids unbalanced impacts on different groups of customers, including those who install distributed energy resources (DERs) and low-income households who may be the least able to afford the transition.

  5. The Health and Social Security Act 1984 and the price of spectacles among corporate practices in the United Kingdom (1980-2007): a review.

    Science.gov (United States)

    Calver, Richard

    2010-03-01

    The Health and Social Security Act 1984 deregulated certain aspects of optometry in the United Kingdom, including advertising and the supply of spectacles, in the hope that greater competition would reduce spectacle prices. The effects of this legislation are tested by plotting the mean prices of private spectacles purchased from corporate optometric practices, from 1980 to 2007. Historical evidence is used to gauge the effect on prices of other factors such as National Health Service (NHS) payments, sight test fees and pressure exerted by consumer organisations. The high prices in 1980 reduced markedly throughout the rest of the 1980s, remained low for most of the 1990s and rose between 1999 and 2003, before falling. Changes in price were associated with changes to the system of NHS payments and variations in private sight test fees, but prices have generally been lower since the deregulation of dispensing than they were before. Although the price of private spectacles remains heavily influenced by other factors, the deregulation of opticians' services has benefited the public by maintaining lower prices, as intended by proponents of the legislation.

  6. The Impact of Global Cultural Differences on the Pricing Strategies in United States of America

    Directory of Open Access Journals (Sweden)

    Eston Kwach Odongo

    2012-02-01

    Full Text Available The purpose of the study was to examine the impact and the extent to which global Cultural differences affects a company’s pricing decisions, a study based on Da-Wood Trading in the United States of America. Data for this study was collected through observation during a three month internship at the company, and questionnaires were later administered to respondents. Personal interview was also used to gather data from one respondent. The findings were then presented in form of tables and graphs. The data collected indicates that there are globalization factors that play a role in determining prices for services offered. Exposure to crime comes out as the most prominent global political factor while literacy rates and global oil prices stand out as the most influential cultural and economic factors, respectively. However, factors like tariffs, religion, and currency fluctuations are seen to not have a significant impact on pricing decisions. The factors that are considered and highlighted in this study therefore are seen to vary in degree of importance and in how they influence pricing decisions.

  7. Information and Communications Systems for Control-by-Price of Distributed Energy Resources and Flexible Demand

    DEFF Research Database (Denmark)

    Nyeng, Preben; Østergaard, Jacob

    2011-01-01

    The control-by-price concept fits well with controlling small-scale generation, storage and demand. In this paper, we investigate the required information and communications systems that are needed to realize the control-by-price concept for such units. We first present a proposal for overall...... distributed energy resources and flexible demand as a regulating resource. Furthermore, the results illustrate and verify the applicability of the concept and the proposed infrastructure for controlling distributed energy resources and flexible demand....... infrastructure and subsystem design and secondly focus on the design and implementation of the end-user price-responsive controller, interfaces, and communications. The design and its applicability on existing devices is verified through laboratory tests with two cases: electric space heating thermostat control...

  8. Effect of privatization of the drug distribution system on drug prices in Malaysia.

    Science.gov (United States)

    Babar, Z D; Izham, M I M

    2009-08-01

    Previous studies on anti-infective and cardiovascular drugs have shown extraordinary price increases following privatization of the Malaysian drug distribution system. Therefore, it was felt that there was a need to undertake a full-scale study to evaluate the effect of privatization of the Malaysian drug distribution system on drug prices. To compare pre-privatization drug prices with post-privatization drug prices, and to compare the prices with international reference prices (IRPs). Five hundred and sixty-four drugs were listed in price lists for 1994, 1995-1996, 1997-2000 and 2001-2003. The 1994 data were taken as the pre-privatization prices, and all other lists were considered to be post-privatization prices. The pre-privatization prices (1994) were compared with those in 1995-1996. The prices in 1995-1996 were compared with those in 1997-2000, and the 1997-2000 prices were compared with those in 2001-2003. Furthermore, the 2001-2003 prices were compared with the median IRPs taken from Management Sciences for Health. The prices increased by 10.42% in 1995-1996, decreased by 3.37% in 1997-2000, and increased by 64.04% in 2001-2003. The increase in prices does not follow any pricing formula but is influenced by free market principles. The commonly used generic drugs showed enormously higher prices compared with the IRPs. Some of the prices increased several hundred-fold compared with the previous year, showing that no pricing formula has been followed. Increasing prices over the years may lead to higher expenditures and a hurdle to drug accessibility. A rational pricing structure is needed for transparent pricing, and government involvement and the formation of a medicine pricing policy seems vital.

  9. Analysis for Embedded Systems: Experiments with Priced Timed Automata

    DEFF Research Database (Denmark)

    Ovatman, Tolga; Brekling, Aske Wiid; Hansen, Michael Reichhardt

    2010-01-01

    Analysis of resource consumption of embedded systems is a major challenge in the industry since the number of components that can be included in a single chip keeps getting bigger. In this paper, we consider simple models of embedded systems and the automated analysis about timing and memory access...... priced timed automata and Uppaal Cora as a model checking tool in reasoning about resource consumption of embedded systems....

  10. Fair drug prices and the patent system.

    Science.gov (United States)

    Resnik, David B

    2004-06-01

    This paper uses John Rawls' theory of justice to defend the patent system against charges that it has an unfair effect on access to medications,from the perspective of national and international justice. The paper argues that the patent system is fair in a national context because it respects intellectual property rights and it benefits the least advantaged members of society by providing incentives for inventors, investors, and entrepreneurs. The paper also argues that the patent system is fair in an international context, provided that developed nations take steps to help disease-stricken countries secure internal justice. Fairness in a national or international context also requires that the patent system should include emergency exceptions to deal with short-term inequities.

  11. 78 FR 70414 - Pricing for the 2013 United States Mint Limited Edition Silver Proof SetTM

    Science.gov (United States)

    2013-11-25

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF THE TREASURY United States Mint Pricing for the 2013 United States Mint Limited Edition Silver Proof Set TM AGENCY: United States Mint, Department of the Treasury. ACTION: Notice. SUMMARY: The United States Mint...

  12. Variation in cash price of the generic medications most prescribed by dermatologists in pharmacies across the United States.

    Science.gov (United States)

    Alghanem, Noor; Abokwidir, Manal; Fleischer, Alan B; Feldman, Steven R; Alghanem, Ward

    2017-03-01

    The United States has the highest drug costs in the world. Consumers complain about large price differences at pharmacies on generic drugs. To evaluate variation in cash prices of generic medications most prescribed in dermatology across different drugstores and states in United States. The 11 generic drugs most prescribed by dermatologists according to National Ambulatory Medical Care Survey were assessed. By using Google, the most common used pharmacies in United States were listed, which are located at a random selection of six states. By calling the first available number of each pharmacy in the six states and asking about the generic cash price of the smallest stock size and the most prescribed type, the data were collected. Drug prices varied; the median cumulative price of the 11 medications was highest at Rite Aid ($1226) and lowest at Walmart ($795.34) with 35% difference. The prices at CVS differed by 20% across different states; however, the prices at Walmart, Rite Aid and Walgreens were consistent. New York has the highest and Iowa the lowest prices, especially at CVS, ($1160.79) versus ($931.32). There are varieties in the prices for the generic medications in different pharmacies and States.

  13. The Myriad United States Price Indexes and Inflation Measures: A Primer.

    Science.gov (United States)

    Stratford, Jean Slemmons; Stratford, Juri

    1993-01-01

    Describes various inflationary measures, price indexes, and price deflators. Highlights include Bureau of Labor Statistics price indexes, including the Consumer Price Index and the Producer Price Index; Bureau of Economic Analysis price deflators; the Cost of Living Index; and a comparison of measures of inflation. (27 references) (LRW)

  14. The effects of retail concentration on retail dairy product prices in the United States.

    Science.gov (United States)

    Hovhannisyan, V; Bozic, M

    2016-06-01

    This study provides an empirical investigation of the relationship between grocery retail concentration and retail dairy product prices in the United States. The analysis was performed based on a unique data set on store-level retail prices provided by the Information Resources Inc. Further, alternative measures of retail concentration were considered, which included revenue and store selling space-based Herfindahl-Hirschman Index that were computed based on a Nielsen TDLinx data set on store characteristics. Results from a reduced-form empirical framework estimated via panel data techniques indicated that grocery retail concentration had a positive statistically significant effect on retail dairy product prices in the analyzed locations during the analyzed period of time. Specifically, a 10% increase in concentration was found to lead to a 0.46% rise in retail dairy product prices. This central result was robust to the way in which retail concentration was measured and was consistent with broader empirical evidence in the literature on retail market power.

  15. APPLE PRICE AND PRODUCTION FORECASTS FOR MAINE AND THE UNITED STATES

    OpenAIRE

    Hayward, Russel A.; Criner, George K.; Skinner, Steven P.

    1984-01-01

    An econometric model of U.S. and Maine apple production and prices was estimated with ordinary least squares multiple regression. A Gauss-Seidel solution technique was used to examine the equation system goodness of fit and to forecast endogenous variable values. Results indicate that supply expansion in the U.S. and Maine will continue, but Maine's slower rate of increase will erode its market share. Apple prices for the U.S. and Maine are predicted to decline in real terms by the year 2000 ...

  16. Electricity pricing and the financial health of electric utilities in the United States. Final report

    Energy Technology Data Exchange (ETDEWEB)

    1984-08-01

    The electric utility industry in the United States is characterized by wide diversity in utility ownership, management, cost structure, and regulation. There are approxiately 240 investor-owned utilities in the US. There are more than 1900 government utilities in the US. There are more than 50 regulatory commissions which regulate retail prices to ultimate customers. This substantial diversity in regulatory policies, processes, and rules applied to utilities across the country as well as significant regional variations in costs results in a wide variation in electricity prices and financial health among utilities. Prices and financial conditions for the industry as a whole also have varied substantially over time. During the 1960s, utilities were financially healthy, and real electricity prices were falling. In the decade following the Arab oil embargo in 1973, however, the industry was characterized by poor financial health and rapidly rising prices, although the reasons for these conditions varied somewhat between the first part of the decade and the last few years (1980-82) of the decade. Improved economic conditions during 1983 have contributed to improved utility financial health. A continuation of these economic conditions would result in continued financial stability for most utilties. Some individual utilities - particularly those with large constuction programs and those facing substantial reductions in the demand for electricity - may continue to exhibit financial problems. Utilities that have attempted to complete large nuclear projects during the presence of sharply declining load growth face severe financial problems. Prospects for the future financial health of the industry depend critically on the future demand for electricity, requirements for new generating capacity and other utility investments, and resolution of several policy issues affecting utility ratemaking, operations, and financial accounting.

  17. The price of surgery: markup of operative procedures in the United States.

    Science.gov (United States)

    Gani, Faiz; Makary, Martin A; Pawlik, Timothy M

    2017-02-01

    Despite cost containment efforts, the price for surgery is not subject to any regulations. We sought to characterize and compare variability in pricing for commonly performed major surgical procedures across the United States. Medicare claims corresponding to eight major surgical procedures (aortic aneurysm repair, aortic valvuloplasty, carotid endartectomy, coronary artery bypass grafting, esophagectomy, pancreatectomy, liver resection, and colectomy) were identified using the Medicare Provider Utilization and Payment Data Physician and Other Supplier Public Use File for 2013. For each procedure, total charges, Medicare-allowable costs, and total payments were recorded. A procedure-specific markup ratio (MR; ratio of total charges to Medicare-allowable costs) was calculated and compared between procedures and across states. Variation in MR was compared using a coefficient of variation (CoV). Among all providers, the median MR was 3.5 (interquartile range: 3.1-4.0). MR was noted to vary by procedure; ranging from 3.0 following colectomy to 6.0 following carotid endartectomy (P < 0.001). MR also varied for the same procedure; varying the least after liver resection (CoV = 0.24), while coronary artery bypass grafting pricing demonstrated the greatest variation in MR (CoV = 0.53). Compared with the national average, MR varied by 36% between states ranging from 1.8 to 13.0. Variation in MR was also noted within the same state varying by 15% within the state of Arkansas (CoV = 0.15) compared with 51% within the state of Wisconsin (CoV = 0.51). Significant variation was noted for the price of surgery by procedure as well as between and within different geographical regions. Greater scrutiny and transparency in the price of surgery is required to promote cost containment. Copyright © 2016 Elsevier Inc. All rights reserved.

  18. Locational Marginal Pricing in the Campus Power System at the Power Distribution Level

    Energy Technology Data Exchange (ETDEWEB)

    Hao, Jun; Gu, Yi; Zhang, Yingchen; Zhang, Jun Jason; Gao, David Wenzhong

    2016-11-14

    In the development of smart grid at distribution level, the realization of real-time nodal pricing is one of the key challenges. The research work in this paper implements and studies the methodology of locational marginal pricing at distribution level based on a real-world distribution power system. The pricing mechanism utilizes optimal power flow to calculate the corresponding distributional nodal prices. Both Direct Current Optimal Power Flow and Alternate Current Optimal Power Flow are utilized to calculate and analyze the nodal prices. The University of Denver campus power grid is used as the power distribution system test bed to demonstrate the pricing methodology.

  19. Transfer Pricing

    DEFF Research Database (Denmark)

    Rohde, Carsten; Rossing, Christian Plesner

    trade internally as the units have to decide what prices should be paid for such inter-unit transfers. One important challenge is to uncover the consequences that different transfer prices have on the willingness in the organizational units to coordinate activities and trade internally. At the same time...

  20. The Questionable Economic Case for Value-Based Drug Pricing in Market Health Systems.

    Science.gov (United States)

    Pauly, Mark V

    2017-02-01

    This article investigates the economic theory and interpretation of the concept of "value-based pricing" for new breakthrough drugs with no close substitutes in a context (such as the United States) in which a drug firm with market power sells its product to various buyers. The interpretation is different from that in a country that evaluates medicines for a single public health insurance plan or a set of heavily regulated plans. It is shown that there will not ordinarily be a single value-based price but rather a schedule of prices with different volumes of buyers at each price. Hence, it is incorrect to term a particular price the value-based price, or to argue that the profit-maximizing monopoly price is too high relative to some hypothesized value-based price. When effectiveness of treatment or value of health is heterogeneous, the profit-maximizing price can be higher than that associated with assumed values of quality-adjusted life-years. If the firm sets a price higher than the value-based price for a set of potential buyers, the optimal strategy of the buyers is to decline to purchase that drug. The profit-maximizing price will come closer to a unique value-based price if demand is less heterogeneous. Copyright © 2017 International Society for Pharmacoeconomics and Outcomes Research (ISPOR). Published by Elsevier Inc. All rights reserved.

  1. Generation unit selection via capital asset pricing model for generation planning

    Energy Technology Data Exchange (ETDEWEB)

    Romy Cahyadi; K. Jo Min; Chung-Hsiao Wang; Nick Abi-Samra [College of Engineering, Ames, IA (USA)

    2003-11-01

    The USA's electric power industry is undergoing substantial regulatory and organizational changes. Such changes introduce substantial financial risk in generation planning. In order to incorporate the financial risk into the capital investment decision process of generation planning, this paper develops and analyses a generation unit selection process via the capital asset pricing model (CAPM). In particular, utilizing realistic data on gas-fired, coal-fired, and wind power generation units, the authors show which and how concrete steps can be taken for generation planning purposes. It is hoped that the generation unit selection process will help utilities in the area of effective and efficient generation planning when financial risks are considered. 20 refs., 14 tabs.

  2. Generation unit selection via capital asset pricing model for generation planning

    Energy Technology Data Exchange (ETDEWEB)

    Cahyadi, Romy; Jo Min, K. [College of Engineering, Ames, IA (United States); Chunghsiao Wang [LG and E Energy Corp., Louisville, KY (United States); Abi-Samra, Nick [Electric Power Research Inst., Palo Alto, CA (United States)

    2003-07-01

    The electric power industry in many parts of U.S.A. is undergoing substantial regulatory and organizational changes. Such changes introduce substantial financial risk in generation planning. In order to incorporate the financial risk into the capital investment decision process of generation planning, in this paper, we develop and analyse a generation unit selection process via the capital asset pricing model (CAPM). In particular, utilizing realistic data on gas-fired, coal-fired, and wind power generation units, we show which and how concrete steps can be taken for generation planning purposes. It is hoped that the generation unit selection process developed in this paper will help utilities in the area of effective and efficient generation planning when financial risks are considered. (Author)

  3. A Group Signature Based Electronic Toll Pricing System

    CERN Document Server

    Chen, Xihui; Mauw, Sjouke; Pang, Jun

    2011-01-01

    With the prevalence and development of GNSS technologies, location-based vehicle services (LBVS) have experienced a rapid growth in recent years. However, location is a sensitive and private piece of information, so the design and development of such services just take the clients' privacy concerns into account. In this paper, we propose a new electronic toll pricing system based on group signatures, which provides a strong guarantee for the clients' anonymity within groups. Our system achieves a balance between privacy and the communication overhead imposed upon the users.

  4. Determinants of the energy price system in the Federal Republic of Germany

    Energy Technology Data Exchange (ETDEWEB)

    Hennicke, P.

    1983-01-01

    The seven theses presented in this article are to illustrate some basic determinants of the West German energy price system systematically and - at present mainly - empirically. The theses are related to the following sub-aspects: - relation between the consumption structure of primary energy and the heat-price relations, - influence of energy imports on the domestic energy price level, - existence and dimensions of differential revenues, - reproaches of bulling made to the petroleum industry, - extent and development of the differentiation of energy prices, - influence of governmental interventions on the energy price level, - theoretical price fixing principles and actual tariff policy.

  5. PRICING AND ASSESSING UNIT-LINKED INSURANCE CONTRACTS WITH INVESTMENT GUARANTEES

    Directory of Open Access Journals (Sweden)

    Ciumas Cristina

    2014-07-01

    Full Text Available One of the most interesting life insurance products to have emerged in recent years in the Romanian insurance market has been the unit-linked contract. Unit-linked insurance products are life insurance policies with investment component. A unit-linked life insurance has two important components: protection and investment. The protection component refers to the insured sum in case of the occurrence of insured risks and the investment component refers to the policyholders’ account that represents the present value of the units from the chosen investment funds. Due to the financial instability caused by the Global Crisis and the amplification of market competitiveness, insurers from international markets have started to incorporate guarantees in unit-linked products. So a unit- linked life insurance policy with an asset value guarantee is an insurance policy whose benefit payable on death or at maturity consists of the greater of some guaranteed amount and the value of the units from the investment funds. One of the most challenging issues concerns the pricing of minimum death benefit and maturity benefit guarantees and the establishing of proper reserves for these guarantees. Insurers granting guarantees of this type must estimate the cost and include the cost in the premium. An important component of the activity carried out by the insurance companies is the investment of the premiums paid by policyholders in various types of assets, in order to obtain higher yields than those guaranteed by the insurance contracts, while providing the necessary liquidity for the payment of insurance claims in case of occurrence of the assumed risks. So the guaranteed benefits can be broadly matched or immunized with various types of financial assets, especially with fixed-interest instruments. According to Romanian legislation which regulates the unit-linked life insurance market, unit-linked life insurance contracts pass most of the investment risk to the

  6. Tracking the Sun V: An Historical Summary of the Installed Price of Photovoltaics in the United States from 1998 to 2011

    Energy Technology Data Exchange (ETDEWEB)

    Barbose, Galen [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Darghouth, Naim [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Wiser, Ryan [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)

    2012-11-01

    As the deployment of grid-connected solar photovoltaic (PV) systems has increased, so too has the desire to track the installed price of these systems over time and by location, customer type, and system characteristics. This report helps to fill this need by summarizing trends in the installed price of grid-connected PV systems in the United States from 1998 through 2011, with preliminary data for 2012. The analysis is based on project-level data for more than 150,000 individual residential, commercial, and utility-scale PV systems, totaling more than 3,000 megawatts (MW) and representing 76% of all grid-connected PV capacity installed in the United States through 2011. The report describes installed price trends for residential and commercial PV systems, and another set of trends for utility-scale PV. In all cases, installed prices are identified in terms of real 2011 dollars per installed watt (DC-STC), prior to receipt of any direct financial incentives or tax credits.

  7. Utility-Scale Solar 2014. An Empirical Analysis of Project Cost, Performance, and Pricing Trends in the United States

    Energy Technology Data Exchange (ETDEWEB)

    Bolinger, Mark [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Seel, Joachim [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)

    2015-09-01

    Other than the nine Solar Energy Generation Systems (“SEGS”) parabolic trough projects built in the 1980s, virtually no large-scale or “utility-scale” solar projects – defined here to include any groundmounted photovoltaic (“PV”), concentrating photovoltaic (“CPV”), or concentrating solar thermal power (“CSP”) project larger than 5 MWAC – existed in the United States prior to 2007. By 2012 – just five years later – utility-scale had become the largest sector of the overall PV market in the United States, a distinction that was repeated in both 2013 and 2014 and that is expected to continue for at least the next few years. Over this same short period, CSP also experienced a bit of a renaissance in the United States, with a number of large new parabolic trough and power tower systems – some including thermal storage – achieving commercial operation. With this critical mass of new utility-scale projects now online and in some cases having operated for a number of years (generating not only electricity, but also empirical data that can be mined), the rapidly growing utility-scale sector is ripe for analysis. This report, the third edition in an ongoing annual series, meets this need through in-depth, annually updated, data-driven analysis of not just installed project costs or prices – i.e., the traditional realm of solar economics analyses – but also operating costs, capacity factors, and power purchase agreement (“PPA”) prices from a large sample of utility-scale solar projects in the United States. Given its current dominance in the market, utility-scale PV also dominates much of this report, though data from CPV and CSP projects are presented where appropriate.

  8. A minimum price per unit of alcohol: A focus group study to investigate public opinion concerning UK government proposals to introduce new price controls to curb alcohol consumption

    Directory of Open Access Journals (Sweden)

    Lonsdale Adam J

    2012-11-01

    Full Text Available Abstract Background UK drinkers regularly consume alcohol in excess of guideline limits. One reason for this may be the high availability of low-cost alcoholic beverages. The introduction of a minimum price per unit of alcohol policy has been proposed as a means to reduce UK alcohol consumption. However, there is little in-depth research investigating public attitudes and beliefs regarding a minimum pricing policy. The aim of the present research was to investigate people’s attitudes and beliefs toward the introduction of a minimum price per unit of alcohol policy and their views on how the policy could be made acceptable to the general public. Methods Twenty-eight focus groups were conducted to gain in-depth data on attitudes, knowledge, and beliefs regarding the introduction of a minimum price per unit of alcohol policy. Participants (total N = 218 were asked to give their opinions about the policy, its possible outcomes, and how its introduction might be made more acceptable. Transcribed focus-group discussions were analysed for emergent themes using inductive thematic content analysis. Results Analysis indicated that participants’ objections to a minimum price had three main themes: (1 scepticism of minimum pricing as an effective means to reduce harmful alcohol consumption; (2 a dislike of the policy for a number of reasons (e.g., it was perceived to ‘punish’ the moderate drinker; and (3 concern that the policy might create or exacerbate existing social problems. There was a general perception that the policy was aimed at ‘problem’ and underage drinkers. Participants expressed some qualified support for the policy but stated that it would only work as part of a wider campaign including other educational elements. Conclusions There was little evidence to suggest that people would support the introduction of a minimum price per unit of alcohol policy. Scepticism about the effectiveness of the policy is likely to represent the most

  9. A United Method for Sensitivity Analysis of the Locational Marginal Price Based on the Optimal Power Flow

    Directory of Open Access Journals (Sweden)

    Liu Yang

    2014-01-01

    Full Text Available Locational marginal prices (LMPs are influenced by various factors in the electricity market; knowing the sensitivity information of LMPs is very important for both the purchase and the consumer. This paper presents a united method to compute the sensitivities of LMPs based on the optimal power flow (OPF. The Karush-Kuhn-Tucher (KKT system to solve LMPs can be transferred into an equation system by using an NCP function, and then by using the properties of the derivative of the semismooth NCP function, this paper provides a simultaneous obtention of the sensitivities of LMPs with respect to power demands, the cost of production, voltage boundary, and so forth. Numerical examples illustrate the concepts presented and the proposed methodology by a 6-bus electric energy system. Some relevant conclusions are drawn in the end.

  10. Study on Mechanism for Pricing of Chinese Crudes and Recommendations on Improvement of Pricing System

    Institute of Scientific and Technical Information of China (English)

    Zhang Jingfang

    2001-01-01

    @@ Crude oil is the most important basic energy in the world nowadays and is closely connected with the development of national economy, consolidation of national defense and the living standard of the people. Changes in crude price can have a decisive impact on a nation's political and economic situation. Hence the government of every country sticks great importance to control over crude oil resources and adjustment of crude price to assure the stabilization of its domestic crude oil market.

  11. Controlling Price-Responsive Heat Pumps for Overload Elimination in Distribution Systems

    DEFF Research Database (Denmark)

    Csetvei, Zsuzsa; Østergaard, Jacob; Nyeng, Preben

    2011-01-01

    This paper investigates the possibility of applying electric heat pumps with the control-by-price-concept in order to avoid overload in a local distribution system. The proposed control algorithm is based upon a centrally dispatched real-time market price, reflecting the state of a larger power...... system, and is extended with a local price control for overload elimination on the corresponding feeder. The paper presents the mathematical models of a two-node system with price-responsive heat pumps, the chosen methodology of the central price calculation, and the proposed local feedback control...

  12. Cost accounting to determine prices: how well do prices reflect costs in the German DRG-system?

    Science.gov (United States)

    Schreyögg, Jonas; Tiemann, Oliver; Busse, Reinhard

    2006-08-01

    Germany has recently introduced a system of Diagnosis Related Groups (DRGs) to engender more appropriate resource allocation. The following article describes the German DRG-system and the methodologies used to determine prices. It analyses the extent to which prices, or calculated cost weights, reflect the actual costs incurred by hospitals for their respective services. We reveal that a "compression" of DRG cost weights occurs, and that the data sample used to calculate cost weights is lacking in terms of its representativeness. Although cost data accuracy has improved over the last few years there are still a number of challenges that need to be addressed.

  13. The impact of reference-pricing systems in Europe: a literature review and case studies.

    Science.gov (United States)

    Dylst, Pieter; Vulto, Arnold; Simoens, Steven

    2011-12-01

    As healthcare budgets are continuously rising in Europe, governments implement a wide variety of policies to control them. Reference pricing is a popular tool for governments to contain pharmaceutical expenditures, as 22 European countries have implemented this system. This article evaluates the impact of reference-pricing systems on drug use, drug prices, drug expenditure and health outcomes. In addition, two case studies, one for statins and one for proton-pump inhibitors, were carried out. Reference pricing drives down prices of drugs subject to the system and the use of these drugs has increased. Reference pricing creates short-term savings but the long-term growth of drug expenditure has not been reduced by reference pricing. Health outcomes of patients were not negatively affected by the system.

  14. Use of system approaches for transmission open access pricing

    Energy Technology Data Exchange (ETDEWEB)

    Rudnick, H.; Soto, M.; Palma, R. [Pontificia University Catolica de Chile, Santiago (Chile)

    1999-02-01

    The Latin American deregulated markets have based their open access schemes on a concept that considers a multilateral use of the transmission system, with all agents contributing to the financing of a common network based on physical and economic usage, irrespective of commercial arrangements. The paper describes the concept and the existing schemes and contributes with the formulation of alternative numerical approaches for open access pricing, taking into account energy and capacity use of the system by the participant agents. Distribution factors based on DC power flows are the basic elements of the formulation, which is built based on different physical and economic considerations. The approaches are numerically evaluated in the Chilean main interconnected electrical system, with a comparison of the resultant impacts on generators and consumers. (author)

  15. Detailed Modelling of Thermal Units From a Price-Taker Perspective

    OpenAIRE

    Maenhoudt, Marijn; Deconinck, Geert

    2012-01-01

    Generation Companies (GenCos) acting as price-takers, schedule their plants according to market price forecasts. As these GenCos do not consider active market price setting as a strategy to increase profits, their performance solely relies on (1) price forecast accuracy and (2) the representation of a plant’s operational characteristics. This paper strives at constituting a reference work for thermal plant modelling from a price-taker’s perspective. Two main contributions can be distinguish...

  16. Potential benefits of minimum unit pricing for alcohol versus a ban on below cost selling in England 2014: modelling study.

    Science.gov (United States)

    Brennan, Alan; Meng, Yang; Holmes, John; Hill-McManus, Daniel; Meier, Petra S

    2014-09-30

    To evaluate the potential impact of two alcohol control policies under consideration in England: banning below cost selling of alcohol and minimum unit pricing. Modelling study using the Sheffield Alcohol Policy Model version 2.5. England 2014-15. Adults and young people aged 16 or more, including subgroups of moderate, hazardous, and harmful drinkers. Policy to ban below cost selling, which means that the selling price to consumers could not be lower than tax payable on the product, compared with policies of minimum unit pricing at £0.40 (€0.57; $0.75), 45 p, and 50 p per unit (7.9 g/10 mL) of pure alcohol. Changes in mean consumption in terms of units of alcohol, drinkers' expenditure, and reductions in deaths, illnesses, admissions to hospital, and quality adjusted life years. The proportion of the market affected is a key driver of impact, with just 0.7% of all units estimated to be sold below the duty plus value added tax threshold implied by a ban on below cost selling, compared with 23.2% of units for a 45 p minimum unit price. Below cost selling is estimated to reduce harmful drinkers' mean annual consumption by just 0.08%, around 3 units per year, compared with 3.7% or 137 units per year for a 45 p minimum unit price (an approximately 45 times greater effect). The ban on below cost selling has a small effect on population health-saving an estimated 14 deaths and 500 admissions to hospital per annum. In contrast, a 45 p minimum unit price is estimated to save 624 deaths and 23,700 hospital admissions. Most of the harm reductions (for example, 89% of estimated deaths saved per annum) are estimated to occur in the 5.3% of people who are harmful drinkers. The ban on below cost selling, implemented in the England in May 2014, is estimated to have small effects on consumption and health harm. The previously announced policy of a minimum unit price, if set at expected levels between 40 p and 50 p per unit, is estimated to have an approximately 40-50 times

  17. Price analysis of multiple sclerosis disease-modifying therapies marketed in the United States.

    Science.gov (United States)

    Bin Sawad, Aseel; Seoane-Vazquez, Enrique; Rodriguez-Monguio, Rosa; Turkistani, Fatema

    2016-11-01

    This study assessed trends in the average wholesale price (AWP) at the market entry of disease-modifying therapies (DMTs) approved by Food and Drug Administration (FDA) in the period 1987-2014. DMT regulatory information was derived from the FDA website. The AWPs per unit at market entry data were derived from the Red Book (Truven Health Analytics Inc.). The AWP history for each DMT was collected from its date of approval to 31 December 2014. The FDA approved label defined daily dose (DDD) for adult patients was obtained from FDA approved labels. The AWP per DDD and the AWP/DDD per year of therapy were computed. Descriptive statistics, Wilcoxon tests, t-test, and multiple linear regression were performed. The statistical significance level was set at 0.05. The FDA approved 12 multiple sclerosis (MS) DMTs, including five new drug applications (NDAs) and seven biologic license applications (BLAs) as of 31 December 2014. The FDA granted orphan designation to five DMTs. There was one DMT approved by the FDA in the 1980s, three in the 1990s, three in 2000s, and five in the period 2010-2014. The market entry inflation-adjusted AWP per DDD was $10.23 for the first DMT (mitoxantrone hydrochloride) that was approved in the 1980s. The median market entry inflation-adjusted AWP per DDD was $12.41 (interquartile range [IQR] = 4.51) for DMTs approved in the 1990s, $71.26 (IQR = 58.35) in the 2000s, and $172.56 (IQR = 84.97) in the period 2010-2014. The median AWP per DDD was statistically significantly different (p = 0.011) for orphan (median = $41.82, IQR = 56.077) compared to non-orphan drugs (median = $171.32, IQR = 199.29). Year of market entry was positively associated with DMT prices at US market entry (p = 0.01). The AWP per DDD for DMTs at market entry increased substantially over time. The increase in DMTs prices exceeded the general consumer price index.

  18. Characteristics of low-priced solar PV systems in the U.S.

    Energy Technology Data Exchange (ETDEWEB)

    Nemet, Gregory F.; O’Shaughnessy, Eric; Wiser, Ryan; Darghouth, Naïm; Barbose, Galen; Gillingham, Ken; Rai, Varun

    2017-02-01

    Despite impressive declines in average prices, there is wide dispersion in the prices of U.S. solar photovoltaic (PV) systems; prices span more than a factor of four. What are the characteristics of the systems with low-prices? Using detailed characteristics of 42,611 small-scale (<15 kW) PV systems installed in 15 U.S. states during 2013, we identify the most important factors that make a system likely to be low-priced (LP). Comparing LP and non-LP systems, we find statistically significant differences in nearly all characteristics for which we have data. Logit and probit model results robustly indicate that LP systems are associated with: markets with few active installers; experienced installers; customer ownership; large systems; retrofits; and thin-film, low-efficiency, and Chinese modules. We also find significant differences across states, with LP systems much more likely to occur in some states, such as Arizona, New Jersey, and New Mexico, and less likely in others, such as California. Our focus on the left tail of the price distribution provides implications for policy that are distinct from recent studies of mean prices. While those studies find that PV subsidies increase mean prices, we find that subsidies also generate LP systems. PV subsidies appear to simultaneously shift and broaden the price distribution. Much of this broadening occurs in a particular location, northern California.

  19. Transfer Prices Implication Upon Tax System. The Romanian Experience

    Directory of Open Access Journals (Sweden)

    Dumiter Florin

    2017-06-01

    Full Text Available Transfer prices are a top field in financial and legal scientific research and practical activity. Although this research field is still in the beginning, due to its complexity, as well as it’s inter-, multi- and transdisciplinarity, it can be noted that empirical studies, as well as practical researches in economic and legal matters, have intensified. Moreover, this field of transfer prices is in close connection with the area of international double taxation, which shows its international character. In this article we sought a holistic approach to the transfer price phenomenon, dealing with economic and legal technical aspects that we believed are important to emphasise. Without addressing the issue of transfer prices in an exhaustive manner, in this article we presented both the legal and the economic framework of transfer prices in Romania. The added value of this article lies in the approach to transfer prices, both legally and economically.

  20. Short-term differences in drug prices after implementation of the national essential medicines system: A case study in rural Jiangxi Province, China

    Directory of Open Access Journals (Sweden)

    Junyong Wang

    2015-01-01

    Conclusion: While the NEMS zero-markup policy significantly reduced retail prices at pilot health institutions, the centralized bidding system was insufficient to lower wholesale prices. A drug price management system should be constructed to control medicine prices and a long-term price information system is needed to monitor price changes.

  1. Building an Early Warning System for Crude Oil Price Using Neural Network

    Directory of Open Access Journals (Sweden)

    Wonho Song

    2010-12-01

    Full Text Available In this paper, a crisis index for the oil price shock is defined and a neural network model is specified for the prediction of the crisis index. This paper contributes to the literature in three ways. First, we build an early warning system for crude oil price. Although the oil price became one of the most important price index recently, no research efforts have been made to build an early warning system for crude oil price. Second, the neural network (NN model is used to construct the early warning sysIn this paper, a crisis index for the oil price shock is defined and a neural network model is specified for the prediction of the crisis index. This paper contributes to the literature in three ways. First, we build an early warning system for crude oil price. Although the oil price became one of the most important price index recently, no research efforts have been made to build an early warning system for crude oil price. Second, the neural network (NN model is used to construct the early warning system. Most early warning systems are built based on the signaling approach. In this paper, we show that the neural network models are more flexible and have greater potential as EWS than the signaling approach. Third, we allow the multi-level crisis index. Previous models allowed only a zero/one crisis index whereas our model permits as many levels as possible. With this new model, we try to answer whether the oil price collapse following the historical peak in 2008 was predictable. We compare the results from the NN model with those from the ordered probit (OP model, and show that the oil price crisis and the following crash were predictable by the NN model, but not by the OP model.

  2. Extension theorems for linear operators on $L_\\infty$ and application to price systems

    CERN Document Server

    Bion-Nadal, Jocelyne

    2011-01-01

    In an $L_\\infty$-framework, we present a few extension theorems for linear operators. We focus the attention on majorant preserving and sandwich preserving types of extensions. These results are then applied to the study of price systems derived by a reasonable restriction of the class of equivalent martingale measures applicable. First we consider equivalent martingale measures with bounds on densities and the corresponding prices bounded by linear minorant and majorant. Then we consider prices bounded by bid-ask dynamics. Finally we study price systems consistent with no-good-deal pricing measures for given bounds on the Sharpe ratio. Within this study we introduce the definition of dynamic no-good-deal pricing measure.

  3. Dynamic Pricing in Cloud Manufacturing Systems under Combined Effects of Consumer Structure, Negotiation, and Demand

    Directory of Open Access Journals (Sweden)

    Wei Peng

    2017-01-01

    Full Text Available In this study, we proposed a game-theory based framework to model the dynamic pricing process in the cloud manufacturing (CMfg system. We considered a service provider (SP, a broker agent (BA, and a dynamic service demander (SD population that is composed of price takers and bargainers in this study. The pricing processes under linear demand and constant elasticity demand were modeled, respectively. The combined effects of SD population structure, negotiation, and demand forms on the SP’s and the BA’s equilibrium prices and expected revenues were examined. We found that the SP’s optimal wholesale price, the BA’s optimal reservation price, and posted price all increase with the proportion of price takers under linear demand but decrease with it under constant elasticity demand. We also found that the BA’s optimal reservation price increases with bargainers’ power no matter under what kind of demand. Through analyzing the participants’ revenues, we showed that a dynamic SD population with a high ratio of price takers would benefit the SP and the BA.

  4. China’s Price System Jeopardizes its Grain Reserves

    Institute of Scientific and Technical Information of China (English)

    李宾

    2008-01-01

    2008 is a year of bumper harvest in summer grain across China. The failure of numerous state-owned grain depots to purchase grain in times of bumper harvest, however, directly threatens grain reserve security and state control over grain prices in the upcoming year. An important factor underpinning the difficulty of state grain depots to purchase grain is the unwillingness of farmers to sell grain due to the excess of the current market price over the government "protected price" aimed at preventing cheap grain from harming farmers. When grassroots grain depots find themselves in trouble, foreign capital stealthily moves in by taking advantage of this situation. To fulfill grain storage tasks and receive various state subsidies, some state-owned grain depots have no alternative but to surreptitiously raise the purchase price. By contrast, some not so courageous state-owned grain depots can only borrow money to finance the purchase of commodity grain at market prices and subsequently figure out a way to pay back such loans. Behind such distorted grain purchase behavior lies a rough and rugged history of grain price reform in China.

  5. Dual-Priced Modal Transition Systems with Time Durations

    DEFF Research Database (Denmark)

    Beneš, Nikola; Kretínsky, Jan; Larsen, Kim Guldstrand

    2012-01-01

    Modal transition systems are a well-established specification formalism for a high-level modelling of component-based software systems. We present a novel extension of the formalism called modal transition systems with durations where time durations are modelled as controllable or uncontrollable...... intervals. We further equip the model with two kinds of quantitative aspects: each action has its own running cost per time unit, and actions may require several hardware components of different costs. We ask the question, given a fixed budget for the hardware components, what is the implementation...

  6. Impacts of Contingency Reserve on Nodal Price and Nodal Reliability Risk in Deregulated Power Systems

    DEFF Research Database (Denmark)

    Zhao, Qian; Wang, Peng; Goel, Lalit

    2013-01-01

    The deregulation of power systems allows customers to participate in power market operation. In deregulated power systems, nodal price and nodal reliability are adopted to represent locational operation cost and reliability performance. Since contingency reserve (CR) plays an important role...... in reliable operation, the CR commitment should be considered in operational reliability analysis. In this paper, a CR model based on customer reliability requirements has been formulated and integrated into power market settlement. A two-step market clearing process has been proposed to determine generation...... and CR allocation. Customers' nodal unit commitment risk and nodal energy interruption have been evaluated through contingency analysis. Customers' reliability cost including reserve service cost and energy interruption cost have also been evaluated....

  7. Bank Systemic Risk-Taking and Loan Pricing : Evidence from Syndicated Loans

    NARCIS (Netherlands)

    Gong, D.

    2014-01-01

    In this paper we document evidence of systemic risk taking from syndicated loan pricing. Using U.S. syndicated loan data, we find that the borrower's idiosyncratic risk is positively priced whereas systematic risk is negatively related to loan spreads, controlling for firm, loan and bank specific va

  8. Modeling stock price dynamics by continuum percolation system and relevant complex systems analysis

    Science.gov (United States)

    Xiao, Di; Wang, Jun

    2012-10-01

    The continuum percolation system is developed to model a random stock price process in this work. Recent empirical research has demonstrated various statistical features of stock price changes, the financial model aiming at understanding price fluctuations needs to define a mechanism for the formation of the price, in an attempt to reproduce and explain this set of empirical facts. The continuum percolation model is usually referred to as a random coverage process or a Boolean model, the local interaction or influence among traders is constructed by the continuum percolation, and a cluster of continuum percolation is applied to define the cluster of traders sharing the same opinion about the market. We investigate and analyze the statistical behaviors of normalized returns of the price model by some analysis methods, including power-law tail distribution analysis, chaotic behavior analysis and Zipf analysis. Moreover, we consider the daily returns of Shanghai Stock Exchange Composite Index from January 1997 to July 2011, and the comparisons of return behaviors between the actual data and the simulation data are exhibited.

  9. COMPETING VISIONS FOR THE U.S. MONETARY SYSTEM, 1907-1913: THE QUEST FOR AN ELASTIC CURRENCY AND THE REJECTION OF FISHER'S COMPENSATED DOLLAR RULE FOR PRICE STABILITY

    OpenAIRE

    2003-01-01

    This paper surveys the banking reform debates in the United States among quantity theorists and their opponents in the years from the banking panic of 1907 through the publication of Irving Fisher's The Purchasing Power of Money (with Harry G. Brown) to the creation of the Federal Reserve System. These debates culminated in the rejection of Fisher's compensated dollar proposal (a price level rule varying the dollar price of gold to stabilize a price index) and the adoption of a very different...

  10. Optimal operation strategy of battery energy storage system to real-time electricity price in Denmark

    DEFF Research Database (Denmark)

    Hu, Weihao; Chen, Zhe; Bak-Jensen, Birgitte

    2010-01-01

    Since the hourly spot market price is available one day ahead, the price could be transferred to the consumers and they may have some motivations to install an energy storage system in order to save their energy costs. This paper presents an optimal operation strategy for a battery energy storage...... system (BESS) in relation to the real-time electricity price in order to achieve the maximum profits of the BESS. The western Danish power system, which is currently the grid area in the world that has the largest share of wind power in its generation profiles and may represent the future of electricity...

  11. Estimating the system price of redox flow batteries for grid storage

    Science.gov (United States)

    Ha, Seungbum; Gallagher, Kevin G.

    2015-11-01

    Low-cost energy storage systems are required to support extensive deployment of intermittent renewable energy on the electricity grid. Redox flow batteries have potential advantages to meet the stringent cost target for grid applications as compared to more traditional batteries based on an enclosed architecture. However, the manufacturing process and therefore potential high-volume production price of redox flow batteries is largely unquantified. We present a comprehensive assessment of a prospective production process for aqueous all vanadium flow battery and nonaqueous lithium polysulfide flow battery. The estimated investment and variable costs are translated to fixed expenses, profit, and warranty as a function of production volume. When compared to lithium-ion batteries, redox flow batteries are estimated to exhibit lower costs of manufacture, here calculated as the unit price less materials costs, owing to their simpler reactor (cell) design, lower required area, and thus simpler manufacturing process. Redox flow batteries are also projected to achieve the majority of manufacturing scale benefits at lower production volumes as compared to lithium-ion. However, this advantage is offset due to the dramatically lower present production volume of flow batteries compared to competitive technologies such as lithium-ion.

  12. Optimal Pricing and Ordering Policy for Two Echelon Varying Production Inventory System

    Directory of Open Access Journals (Sweden)

    Brojeswar Pal

    2014-01-01

    Full Text Available The paper proposes a two-stage supply chain model for price sensitive demand in imperfect production system while manufacturer and supplier are the members of the chain. The supplier screens the raw materials first and supplies good materials to the manufacturer at a constant rate. The production rate varies randomly within a finite interval. The inventory cycle of the manufacturer starts with shortages and production and it finishes with shortages again, in which shortages are partially backlogged. We consider a mixture of LIFO (last in, first out and FIFO (first in, first out dispatching policies to fill the backlogged demand. Thus, the objective of the proposed paper is to determine the optimal ordering lot-size and selling price of the manufacturer such that the per unit average integrated expected profit of the supply chain model is maximized. A numerical example is provided to analyze and illustrate the behavior and application of the model. Finally, sensitivity analysis of the key parameters are presented to test feasibility of the model.

  13. The impact of price and tobacco control policies on the demand for electronic nicotine delivery systems.

    Science.gov (United States)

    Huang, Jidong; Tauras, John; Chaloupka, Frank J

    2014-07-01

    While much is known about the demand for conventional cigarettes, little is known about the determinants of demand for electronic nicotine delivery systems (ENDS or e-cigarettes). The goal of this study is to estimate the own and cross-price elasticity of demand for e-cigarettes and to examine the impact of cigarette prices and smoke-free policies on e-cigarette sales. Quarterly e-cigarette prices and sales and conventional cigarette prices from 2009 to 2012 were constructed from commercial retail store scanner data from 52 U.S. markets, for food, drug and mass stores, and from 25 markets, for convenience stores. Fixed-effects models were used to estimate the own and cross-price elasticity of demand for e-cigarettes and associations between e-cigarette sales and cigarette prices and smoke-free policies. Estimated own price elasticities for disposable e-cigarettes centred around -1.2, while those for reusable e-cigarettes were approximately -1.9. Disposable e-cigarette sales were higher in markets where reusable e-cigarette prices were higher and where less of the population was covered by a comprehensive smoke-free policy. There were no consistent and statistically significant relationships between cigarette prices and e-cigarette sales. E-cigarette sales are very responsive to own price changes. Disposable e-cigarettes appear to be substitutes for reusable e-cigarettes. Policies increasing e-cigarette retail prices, such as limiting rebates, discounts and coupons and imposing a tax on e-cigarettes, could potentially lead to significant reductions in e-cigarette sales. Differential tax policies based on product type could lead to substitution between different types of e-cigarettes. Published by the BMJ Publishing Group Limited. For permission to use (where not already granted under a licence) please go to http://group.bmj.com/group/rights-licensing/permissions.

  14. Stock Prices and Exchange Rates in the EU and the United States: Evidence on their Mutual Interactions (in English)

    OpenAIRE

    Daniel Stavárek

    2005-01-01

    This paper investigates the nature of the causal relationships among stock prices and effective exchange rates in four old EU member countries (Austria, France, Germany, and the UK), four new EU member countries (Czech Republic, Hungary, Poland, and Slovakia), and in the United States. Both the long- and short-term causalities between these variables are explored using monthly data. The paper also endeavors to answer the question of whether the linkages between the analyzed economic variables...

  15. PRICE AND PRICING STRATEGIES

    OpenAIRE

    Titus SUCIU

    2013-01-01

    In individual companies, price is one significant factor in achieving marketing success. In many purchase situations, price can be of great importance to customers. Marketers must establish pricing strategies that are compatible with the rest of the marketing mix. Management should decide whether to charge the same price to all similar buyers of identical quantities of a product (a one-price strategy) or to set different prices (a flexible price strategy). Many organizations, especially retai...

  16. PRICE AND PRICING STRATEGIES

    OpenAIRE

    Titus SUCIU

    2013-01-01

    In individual companies, price is one significant factor in achieving marketing success. In many purchase situations, price can be of great importance to customers. Marketers must establish pricing strategies that are compatible with the rest of the marketing mix. Management should decide whether to charge the same price to all similar buyers of identical quantities of a product (a one-price strategy) or to set different prices (a flexible price strategy). Many organizations, especially retai...

  17. South Africa and United States stock prices and the Rand/Dollar exchange rate

    Directory of Open Access Journals (Sweden)

    Matthew Ocran

    2010-09-01

    Full Text Available This paper seeks to examine the dynamic causal relations between the two major financial assets, stock prices of the US and South Africa and the rand/US$ exchange rate. The study uses a mixed bag of time series approaches such as cointegration, Granger causality, impulse response functions and forecasting error variance decompositions.  The paper identifies a bi-directional causality from the Standard & Poor’s 500 stock price index to the rand/US$ exchange rate in the Granger sense. It was also found that the Standard & Poor’s stock price index accounts for a significant portion of the variations in the Johannesburg Stock Exchange’s All Share index. Thus, while causality in the Granger sense could not be established for the relationship between the price indices of the two stock exchanges it can argued that there is some relationship between them. The results of the study have implications for both business and Government.

  18. Menthol cigarette pricing at military and community retail outlets in the United States

    Directory of Open Access Journals (Sweden)

    Poston Walker SC

    2012-09-01

    Full Text Available Abstract Background Cigarette prices at military exchanges historically have been discounted. DoD Instruction 1330.9 has mandated that prices be within 5% of the price offered in the local community since 2001. Because minorities are highly represented in the military, we determined whether menthol cigarette prices, the leading choice of African Americans, were compliant with the instruction. Methods We collected, via telephone, menthol cigarette price data from 48 randomly selected US military installation exchanges and matched local area Walmarts. We collected prices after taxes to determine the cost to consumer. Newport was selected as the index brand for menthol cigarettes because it is the leading and second leading brand smoked by African Americans and by Hispanics, respectively and has the second overall highest market share in the US. Results Smokers purchasing menthols at exchanges would realize average savings of 22.78%. There were no significant differences in savings based on military service (F = 1.850, p = 0.152 or US Census Division (F = 1.226, p = 0.311: data not shown. In addition, not a single exchange price was compliant with the DoD instruction. Conclusions Newport menthol cigarettes at military exchanges cost substantially less than the nearest Walmart, with an average savings of 23%. Our findings demonstrate that menthol cigarettes are substantially discounted on military installations, in a manner similar to other cigarette prices, and that DoD Instruction 1330.09 is not enforced.

  19. Middle distillate price monitoring system. Interim validation report. [No. 2 heating oil

    Energy Technology Data Exchange (ETDEWEB)

    Hopelain, D.G.; Freedman, D.; Rice, T.H.; Veitch, J.G.; Finlay, A.

    1978-12-01

    The Middle Distillate Price Monitoring System collects data on prices and gross margins for No. 2 heating oil from a sample of refiners, resellers, and retailers. The data is used to evaluate the level of competition and the reasonableness of prices in the heating oil market. It is concluded that the data does not provide a basis for determining whether a market is competitive, and that there is serious doubt as to the accuracy of the information collected by the system. Some recommendations are given for improving the quality of the information. (DLC)

  20. A study on electricity export capability of the μCHP system with spot price

    DEFF Research Database (Denmark)

    You, Shi; Træholt, Chresten; Poulsen, Bjarne

    2009-01-01

    When a number of muCHP systems are aggregated as a virtual power plant (VPP), they will be able to participate in the electricity wholesale market with no discrimination compared to conventional large power plants. Hence, this paper investigates the electricity export capability of the muCHP syst...... technical parameters, the associated energy price during the trade, as well as the demand profile. Furthermore, the muCHP system running under fluctuating spot price is likely to gain more profit than that running under a fixed electricity export price....

  1. THE BENCHMARK LAND PRICE SYSTEM AND URBAN LAND USE EFFICIENCY IN CHINA

    Institute of Scientific and Technical Information of China (English)

    2001-01-01

    China began to introduce market principles and establish price mechanism to better manage land and improve land use efficiency in the late 1980s. Since then, land m.arkets begin to emerge. A benchmark land price system,providing guidelines for land use rights selling and transferring, was established in order to overcome lack of market data and experiences in land transaction. The benchmark prices of land use rights are determined by land use, land use density (floor-land ratio), land grades, land improvement, and tenant resettlement costs. This paper first conducts a formal analysis based on modern urban economic theory. The formal model provides a theoretical foundation in which the bench mark land price system is assessed and evaluated in terms of land use and urban development. The paper then concludes thatthe benchmark price system has two theoretical problens. One is associated with the fact that floor-land ratio plays an important role in land price determination whereas the theory suggests the other way around. That is, floor-land ratio depends on land prices. The other problem is that the benchmark land price system does not provide adequate room for the substitution between land and capital inputs. The substitution is a key in achieving land use efficiency in land markets and urban development process. It is concluded that the practice of the benchmark land price system is at odd with reforms that aim to introduce market principles and mechanism to guide resource uses. Therefore, it is recommended that further land policy reform should be taken.

  2. United Kingdom: Health System Review.

    Science.gov (United States)

    Cylus, Jonathan; Richardson, Erica; Findley, Lisa; Longley, Marcus; O'Neill, Ciaran; Steel, David

    2015-01-01

    This analysis of the United Kingdom health system reviews recent developments in organization and governance, health financing, health care provision, health reforms and health system performance. It provides an overview of how the national health services operate in the four nations that make up the United Kingdom, as responsibility for organizing health financing and services was devolved from 1997. With devolution, the health systems in the United Kingdom have diverged in the details of how services are organized and paid for, but all have maintained national health services which provide universal access to a comprehensive package of services that are mostly free at the point of use. These health services are predominantly financed from general taxation and 83.5% of total health expenditure in the United Kingdom came from public sources in 2013. Life expectancy has increased steadily across the United Kingdom, but health inequalities have proved stubbornly resistant to improvement, and the gap between the most deprived and the most privileged continues to widen, rather than close. The United Kingdom faces challenges going forward, including how to cope with the needs of an ageing population, how to manage populations with poor health behaviours and associated chronic conditions, how to meet patient expectations of access to the latest available medicines and technologies, and how to adapt a system that has limited resources to expand its workforce and infrastructural capacity so it can rise to these challenges.

  3. Enabling Fair Pricing on High Performance Computer Systems with Node Sharing

    Directory of Open Access Journals (Sweden)

    Alex D. Breslow

    2014-01-01

    Full Text Available Co-location, where multiple jobs share compute nodes in large-scale HPC systems, has been shown to increase aggregate throughput and energy efficiency by 10–20%. However, system operators disallow co-location due to fair-pricing concerns, i.e., a pricing mechanism that considers performance interference from co-running jobs. In the current pricing model, application execution time determines the price, which results in unfair prices paid by the minority of users whose jobs suffer from co-location. This paper presents POPPA, a runtime system that enables fair pricing by delivering precise online interference detection and facilitates the adoption of supercomputers with co-locations. POPPA leverages a novel shutter mechanism – a cyclic, fine-grained interference sampling mechanism to accurately deduce the interference between co-runners – to provide unbiased pricing of jobs that share nodes. POPPA is able to quantify inter-application interference within 4% mean absolute error on a variety of co-located benchmark and real scientific workloads.

  4. Price Discrimination and Consumer Surplus. Applications of Calculus to Economics Modules and Monographs in Undergraduate Mathematics and Its Applications Project. UMAP Unit 294.

    Science.gov (United States)

    Nevison, Christopher H.

    This unit considers the application of calculus in determining price discrimination and consumer surplus in a competitive market. Producer surplus and two-tier price discrimination are also developed in problems. It is noted that calculus cannot usually provide numerical answers for practical economic problems. The importance of calculus…

  5. Prices and Price Setting

    NARCIS (Netherlands)

    R.P. Faber (Riemer)

    2010-01-01

    textabstractThis thesis studies price data and tries to unravel the underlying economic processes of why firms have chosen these prices. It focuses on three aspects of price setting. First, it studies whether the existence of a suggested price has a coordinating effect on the prices of firms. Second

  6. ASSET ALLOCATION AND ASSET PRICING IN THE FACE OF SYSTEMIC RISK: A LITERATURE OVERVIEW AND ASSESSMENT

    OpenAIRE

    CHRISTOPH MEINERDING

    2012-01-01

    This paper provides a detailed overview of the current research linking systemic risk, financial crises and contagion effects among assets on the one hand with asset allocation and asset pricing theory on the other hand. Based on the ample literature about definitions, measurement and properties of systemic risk, we derive some elementary ingredients for models of financial contagion and assess the current state of knowledge about asset allocation and asset pricing with explicit focus on syst...

  7. Exporter Price Premia?

    DEFF Research Database (Denmark)

    Jäkel, Ina Charlotte; Sørensen, Allan

    -cut prediction on the sign of the exporter price premium. However, the model unambiguously predicts a negative exporter price premium in terms of quality-adjusted prices, i.e. prices per unit of quality. This prediction is broadly borne out in the Danish data: while the magnitude of the premium varies across...

  8. United Kingdom electric system privatization

    Energy Technology Data Exchange (ETDEWEB)

    Lolli, A. (Bologna Univ. (Italy))

    1992-03-01

    This paper reviews the mechanics and first results of deregulation in the electric power industry of the United Kingdom. Several aspects are dealt with, namely: 1983 Energy Act impacts on ownership and subsequent changes brought about by the 1989 Energy Act; the Act's stipulations with regard to share acquisition and distribution; the division of the patrimony of the Area Boards; natural monopolistic characteristics of power distribution; vertical integration in Scotland, target investment limits in Government and public participation; the 'golden share' concept to guarantee public participation; current 40% share ownership by the Government; 15% private ownership limit for individual investors; external control by Government of licensing and rate structure setting; the impacts of organizational changes on the overall cost benefits of deregulation; modified Governmental regulatory powers; measures to ensure competition and consumer protection; provisions regarding misbehaviour; second tier suppliers and reserve fuel supply obligations; deregulation impacts on nuclear power marketing; power pooling regulations; installation of new transmission lines; provisions encouraging the use of diverse energy sources; franchising; interconnection with national grid; regulation of technical operations; standby as it affects rate structure; and spot market pricing.

  9. Sourcing and pricing strategies for two retailers in a decentralized supply chain system under supply disruption

    Directory of Open Access Journals (Sweden)

    M.A. Azarmehr

    2012-01-01

    Full Text Available This paper presents the decentralized supply chain with two suppliers and two competing retailers. It also investigates the sourcing and pricing strategies of two retailers in a decentralized supply chain system under a supply disruption environment. These retailers face their individual stochastic demand markets; however, they compete with each other through a two-stage price and service operation. The interactive dynamics among retailers is characterized, including the existence and uniqueness of the Nash Equilibrium in service and price games demonstrated.

  10. Oil Prices, Credit Risks in Banking Systems, and Macro-Financial Linkages across GCC Oil Exporters

    Directory of Open Access Journals (Sweden)

    Saleh Alodayni

    2016-11-01

    Full Text Available This paper assesses the effect of the recent 2014–2015 oil price slump on the financial stability in the Gulf Cooperation Council (GCC region. The first objective of this paper is to assess how oil price shock propagates within the macroeconomy and how the macro shocks transmit to GCC banks’ balance sheets. This part of the paper implements a System Generalized Method of Moments (GMM and a Panel Fixed Effect Model to estimate the response of nonperforming loans (NPLs to its macroeconomic determinants. The second objective of this paper is to assess any negative feedback effects between the GCC banking systems and the economy. The paper, therefore, implements a Panel VAR model to explore the macro-financial linkages between GCC banking systems and the real economy. The results indicate that oil price, non-oil GDP, interest rate, stock prices, and housing prices are major determinants of NPLs across GCC banks and the overall financial stability in the region. Credit risk shock tends to propagate disturbances to non-oil GDP, credit growth, and stock prices across GCC economies. A higher level of NPLs restricts banks’ credit growth and can dampen economic growth in these economies. The results support the notion that disturbances in banking systems lead to unwanted economic consequences for the real sector.

  11. Indirect Load Control for Energy Storage Systems Using Incentive Pricing under Time-of-Use Tariff

    Directory of Open Access Journals (Sweden)

    Mu-Gu Jeong

    2016-07-01

    Full Text Available Indirect load control (ILC is a method by which the customer determines load reduction of electricity by using a price signal. One of the ILCs is a time-of-use (TOU tariff, which is the most commonly used time-varying retail pricing. Under the TOU tariff, the customer can reduce the energy cost through an energy storage system (ESS. However, because this tariff is fixed for several months, the ESS operation does not truly reflect the wholesale market price, which could widely fluctuate. To overcome this limitation, this paper proposes an incentive pricing method in which the load-serving entity (LSE gives the incentive pricing signal to the customers with ESSs. Because the ESS charging schedule is determined by the customer through ILC, a bilevel optimization problem that includes the customer optimization problem is utilized to determine the incentive pricing signal. Further, the bilevel optimization problem is reformulated into a one-level problem to be solved by an interior point method. In the proposed incentive scheme: (1 the social welfare increases and (2 the increased social welfare can be equitably divided between the LSE and the customer; and (3 the proposed incentive scheme leads the customer to voluntarily follow the pricing signal.

  12. Study on Hydraulic Engineering Cost Prediction by Unit Price Method%单价法预测水利工程造价的商榷

    Institute of Scientific and Technical Information of China (English)

    周峰; 岳春芳

    2011-01-01

    The infrastructure of water conservancy projects is one of the basic industries for the development of national economy. The hydraulic engineering is characterized by large scale,sophisticated technique, long duration,and big investment,which is a systematic and comprehensive work. The current method of cost prediction for water conservancy projects is the unit price method, which is still following the planned economy system. Although adjusted and improved several times, the unit price method still has many defects and the results are often inconsistent with the fact. The problems of calculating the hydraulic engineering cost in unit price predicting, such as labor budgeting and indirect expenditure, were analyzed and improving suggestions were proposed in this paper.%水利工程基本建设是我国国民经济发展的基础性产业之一,工程规模大,技术复杂,工期较长,投资很大,有很强的系统性和综合性.现行预测水利工程造价的单价法仍然沿用了计划经济体制时代模式,虽然经过了多次调整和改进,但还是存在诸多弊端,计算结果常常与实际偏差较大或与实际不符.现针对单价法预测水利工程造价中人工费、其他直接费、现场经费等计算中存在的问题进行分析,并提出了改进建议.

  13. Net Tuition and Net Price Trends in the United States: 2000-2009

    Science.gov (United States)

    Gillen, Andrew; Robe, Jonathan; Garrett, Daniel

    2011-01-01

    While the most visible measure of college costs is published tuition, because of financial aid, this "sticker price" does not necessarily reflect the costs that students and their families actually pay. To the extent that students and their families are concerned about what costs they will need to pay to cover tuition charges, the relevant measure…

  14. Advances in electric power and energy systems load and price forecasting

    CERN Document Server

    2017-01-01

    A comprehensive review of state-of-the-art approaches to power systems forecasting from the most respected names in the field, internationally. Advances in Electric Power and Energy Systems is the first book devoted exclusively to a subject of increasing urgency to power systems planning and operations. Written for practicing engineers, researchers, and post-grads concerned with power systems planning and forecasting, this book brings together contributions from many of the world’s foremost names in the field who address a range of critical issues, from forecasting power system load to power system pricing to post-storm service restoration times, river flow forecasting, and more. In a time of ever-increasing energy demands, mounting concerns over the environmental impacts of power generation, and the emergence of new, smart-grid technologies, electricity price forecasting has assumed a prominent role within both the academic and industrial ar nas. Short-run forecasting of electricity prices has become nece...

  15. A Distribution-class Locational Marginal Price (DLMP) Index for Enhanced Distribution Systems

    Science.gov (United States)

    Akinbode, Oluwaseyi Wemimo

    The smart grid initiative is the impetus behind changes that are expected to culminate into an enhanced distribution system with the communication and control infrastructure to support advanced distribution system applications and resources such as distributed generation, energy storage systems, and price responsive loads. This research proposes a distribution-class analog of the transmission LMP (DLMP) as an enabler of the advanced applications of the enhanced distribution system. The DLMP is envisioned as a control signal that can incentivize distribution system resources to behave optimally in a manner that benefits economic efficiency and system reliability and that can optimally couple the transmission and the distribution systems. The DLMP is calculated from a two-stage optimization problem; a transmission system OPF and a distribution system OPF. An iterative framework that ensures accurate representation of the distribution system's price sensitive resources for the transmission system problem and vice versa is developed and its convergence problem is discussed. As part of the DLMP calculation framework, a DCOPF formulation that endogenously captures the effect of real power losses is discussed. The formulation uses piecewise linear functions to approximate losses. This thesis explores, with theoretical proofs, the breakdown of the loss approximation technique when non-positive DLMPs/LMPs occur and discusses a mixed integer linear programming formulation that corrects the breakdown. The DLMP is numerically illustrated in traditional and enhanced distribution systems and its superiority to contemporary pricing mechanisms is demonstrated using price responsive loads. Results show that the impact of the inaccuracy of contemporary pricing schemes becomes significant as flexible resources increase. At high elasticity, aggregate load consumption deviated from the optimal consumption by up to about 45 percent when using a flat or time-of-use rate. Individual load

  16. The Work Unit Information System

    Science.gov (United States)

    1990-03-01

    detl- il 𔃻’ 1hiLS. dIxam.rnt. no.y be- used in conjuctien with tlie video, or !sep1aTate’ly. 114. SUBJECT TERMS 1%. NUMLItH Of 01 AuLAS 12, yi N~I) I T...6145, (202) 274-6817, (AV) 284-6817. 1I 10. WINS AND INPUT WRAP-UP The Army Material Command has implemented its own PC-based work unit input system...extrusion and composite materials . An example of a contract search would be: Find all work units that relate to contract F33615-84-K-2458. An example

  17. A Probabilistic Approach to Control of Complex Systems and Its Application to Real-Time Pricing

    Directory of Open Access Journals (Sweden)

    Koichi Kobayashi

    2014-01-01

    Full Text Available Control of complex systems is one of the fundamental problems in control theory. In this paper, a control method for complex systems modeled by a probabilistic Boolean network (PBN is studied. A PBN is widely used as a model of complex systems such as gene regulatory networks. For a PBN, the structural control problem is newly formulated. In this problem, a discrete probability distribution appeared in a PBN is controlled by the continuous-valued input. For this problem, an approximate solution method using a matrix-based representation for a PBN is proposed. Then, the problem is approximated by a linear programming problem. Furthermore, the proposed method is applied to design of real-time pricing systems of electricity. Electricity conservation is achieved by appropriately determining the electricity price over time. The effectiveness of the proposed method is presented by a numerical example on real-time pricing systems.

  18. Electro-mechanical power coupling system for PHEV with high price-performance ratio

    Institute of Scientific and Technical Information of China (English)

    Federmann Florian; Yue CHENG; Xin LI; Bo ZHANG; Jia-jia XIE; Yang YU

    2014-01-01

    The price-performance ratio of PHEV determines its market penetration.Besides en-gine and battery,the power coupling system including traction motor and automatic transmission is a key influence factor of system performance and costs.This article introduces an electro-me-chanical power coupling system for PHEV with high price-performance ratio,which integrates an electro-mechanical CVT and a flat traction motor.As an example,a PHEV system is configured to conform the vehicle dynamic specifications.

  19. Utility-Scale Solar 2016: An Empirical Analysis of Project Cost, Performance, and Pricing Trends in the United States

    Energy Technology Data Exchange (ETDEWEB)

    Bolinger, Mark; Seel, Joachim; LaCommare, Kristina Hamachi

    2017-09-19

    The utility-scale solar sector has led the overall U.S. solar market in terms of installed capacity since 2012. In 2016, the utility-scale sector installed more than 2.5 times as much new capacity as did the residential and commercial sectors combined, and is expected to maintain its dominant position for at least another five years. This report—the fifth edition in an ongoing annual series—provides data-driven analysis of the utility-scale solar project fleet in the United States. We analyze not just installed project prices, but also operating costs, capacity factors, and power purchase agreement ("PPA") prices from a large sample of utility-scale PV and CSP projects throughout the United States. Highlights from this year's edition include the following: Installation Trends: The use of solar tracking devices dominated 2016 installations, at nearly 80% of all new capacity. In a reflection of the ongoing geographic expansion of the market beyond California and the Southwest, the median long-term average insolation level at newly built project sites declined again in 2016. While new fixed-tilt projects are now seen predominantly in less-sunny regions, tracking projects are increasingly pushing into these same regions. The median inverter loading ratio has stabilized in 2016 at 1.3 for both tracking and fixed-tilt projects. Installed Prices: Median installed PV project prices within a sizable sample have fallen by two-thirds since the 2007-2009 period, to $2.2/WAC (or $1.7/WDC) for projects completed in 2016. The lowest 20th percentile of projects within our 2016 sample were priced at or below $2.0/WAC, with the lowest-priced projects around $1.5/WAC. Overall price dispersion across the entire sample and across geographic regions decreased significantly in 2016. Operation and Maintenance (“O&M”) Costs: What limited empirical O&M cost data are publicly available suggest that PV O&M costs were in the neighborhood of $18/kWAC-year, or $8/MWh, in 2016. These

  20. Perspectives on econometric modelling to inform policy: a UK qualitative case study of minimum unit pricing of alcohol.

    Science.gov (United States)

    Katikireddi, Srinivasa V; Bond, Lyndal; Hilton, Shona

    2014-06-01

    Novel policy interventions may lack evaluation-based evidence. Considerations to introduce minimum unit pricing (MUP) of alcohol in the UK were informed by econometric modelling (the 'Sheffield model'). We aim to investigate policy stakeholders' views of the utility of modelling studies for public health policy. In-depth qualitative interviews with 36 individuals involved in MUP policy debates (purposively sampled to include civil servants, politicians, academics, advocates and industry-related actors) were conducted and thematically analysed. Interviewees felt familiar with modelling studies and often displayed detailed understandings of the Sheffield model. Despite this, many were uneasy about the extent to which the Sheffield model could be relied on for informing policymaking and preferred traditional evaluations. A tension was identified between this preference for post hoc evaluations and a desire for evidence derived from local data, with modelling seen to offer high external validity. MUP critics expressed concern that the Sheffield model did not adequately capture the 'real life' world of the alcohol market, which was conceptualized as a complex and, to some extent, inherently unpredictable system. Communication of modelling results was considered intrinsically difficult but presenting an appropriate picture of the uncertainties inherent in modelling was viewed as desirable. There was general enthusiasm for increased use of econometric modelling to inform future policymaking but an appreciation that such evidence should only form one input into the process. Modelling studies are valued by policymakers as they provide contextually relevant evidence for novel policies, but tensions exist with views of traditional evaluation-based evidence. © The Author 2013. Published by Oxford University Press on behalf of the European Public Health Association.

  1. Linkages between Stock Prices and Exchange Rates in the EU and the United States

    OpenAIRE

    Daniel Stavarek

    2004-01-01

    This paper investigates the nature of the causal relationship between stock prices and effective exchange rates in four old EU-member countries (Austria, France, Germany, and the UK), four new EU-member countries (Czech Republic, Hungary, Poland, and Slovakia) and in the USA. Both the long-run and short run causalities between these variables are explored using monthly data. The paper also tries to answer the question whether the linkages between analyzed economic variables are of the similar...

  2. Activity-based costing for pathology examinations and comparison with the current pricing system in Turkey.

    Science.gov (United States)

    Ergün, Ferda A K; Ağirbaş, Ismail; Kuzu, Işınsu

    2013-01-01

    To demonstrate the real cost data of the pathology examinations by using the activity-based costing method and to contribute to the financial planning of the departments, health managers and also the social security institution. Forty-four examinations selected from the Healthcare Implementation Notification system list and performed at the Ankara University Faculty of Medicine Pathology Department during September 2010 were studied. The analysis and the real cost calculations were done according to the duration of the procedures. Calculated costs were compared with the Healthcare Implementation Notification system and Medicare price lists. The costs of the pathology tests listed within the same pricing levels in the Healthcare Implementation Notification system list showed great differences. The minimum and maximum costs in level 1, 2, 3, and 4 were 15,98-80,15 TL, 15,95-258,59 TL, 42,38- 236,87 TL, and 124,42-406,76 TL, respectively. Medicare price levels were more consistent with the real costs of the examinations compared to the Healthcare Implementation Notification system price list. The prices of the pathology examination listed at different levels in the Healthcare Implementation Notification system lists do not cover the real costs of the work done. The principal parameters of Activity-Based Costing system are more suitable for making the most realistic cost categorization. Although the prices could differ between countries, the Medicare system categories are more realistic than the Healthcare Implementation Notification system. The Healthcare Implementation Notification system list needs to be revised in order to reflect the real costs of the pathology examinations.

  3. Activity-Based Costing for Pathology Examinations and Comparison with the Current Pricing System in Turkey

    Directory of Open Access Journals (Sweden)

    Ferda AK ERGÜN

    2013-01-01

    Full Text Available Objective: To demonstrate the real cost data of the pathology examinations by using the activity-based costing method and to contribute to the financial planning of the departments, health managers and also the social security institution.Material and Method: Forty-four examinations selected from the Healthcare Implementation Notification system list and performed at the Ankara University Faculty of Medicine Pathology Department during September 2010 were studied. The analysis and the real cost calculations were done according to the duration of the procedures. Calculated costs were compared with the Healthcare Implementation Notification system and Medicare price lists.Results: The costs of the pathology tests listed within the same pricing levels in the Healthcare Implementation Notification system list showed great differences. The minimum and maximum costs in level 1, 2, 3, and 4 were 15,98-80,15 TL, 15,95-258,59 TL, 42,38- 236,87 TL, and 124,42-406,76 TL, respectively. Medicare price levels were more consistent with the real costs of the examinations compared to the Healthcare Implementation Notification system price list.Conclusion: The prices of the pathology examination listed at different levels in the Healthcare Implementation Notification system lists do not cover the real costs of the work done. The principal parameters of Activity-Based Costing system are more suitable for making the most realistic cost categorization. Although the prices could differ between countries, the Medicare system categories are more realistic than the Healthcare Implementation Notification system. The Healthcare Implementation Notification system list needs to be revised in order to reflect the real costs of the pathology examinations.

  4. Unit Performance Assessment System Development

    Science.gov (United States)

    1994-08-01

    Overview of the enhanced UPAS ...... . 57 xiv UNIT PERFORMANCE ASSESSMENT SYSTEM DEVELOPMENT Introduccion The networking of combat vehicle simulators...converting SIMNET terrain data from the UNIX format to a DOS format as part of their work on the development of Intelligent Semi-Automated Forces. The...and Social Sciences. (AD A226 956). LB&M Associates (1992). Phase I Small Business Innovative Research (SBIR) Program for Simulation Networkinc Training

  5. A Dynamic Pricing Reverse Auction-Based Resource Allocation Mechanism in Cloud Workflow Systems

    Directory of Open Access Journals (Sweden)

    Xuejun Li

    2016-01-01

    Full Text Available Market-oriented reverse auction is an efficient and cost-effective method for resource allocation in cloud workflow systems since it can dynamically allocate resources depending on the supply-demand relationship of the cloud market. However, during the auction the price of cloud resource is usually fixed, and the current resource allocation mechanisms cannot adapt to the changeable market properly which results in the low efficiency of resource utilization. To address such a problem, a dynamic pricing reverse auction-based resource allocation mechanism is proposed. During the auction, resource providers can change prices according to the trading situation so that our novel mechanism can increase the chances of making a deal and improve efficiency of resource utilization. In addition, resource providers can improve their competitiveness in the market by lowering prices, and thus users can obtain cheaper resources in shorter time which would decrease monetary cost and completion time for workflow execution. Experiments with different situations and problem sizes are conducted for dynamic pricing-based allocation mechanism (DPAM on resource utilization and the measurement of Time⁎Cost (TC. The results show that our DPAM can outperform its representative in resource utilization, monetary cost, and completion time and also obtain the optimal price reduction rates.

  6. Residential Photovoltaic Energy Systems in California: The Effect on Home Sales Prices

    Energy Technology Data Exchange (ETDEWEB)

    Hoen, Ben; Wiser, Ryan; Thayer, Mark; Cappers, Peter

    2012-04-15

    Relatively little research exists estimating the marginal impacts of photovoltaic (PV) energy systems on home sale prices. Using a large dataset of California homes that sold from 2000 through mid-2009, we find strong evidence, despite a variety of robustness checks, that existing homes with PV systems sold for a premium over comparable homes without PV systems, implying a near full return on investment. Premiums for new homes are found to be considerably lower than those for existing homes, implying, potentially, a tradeoff between price and sales velocity. The results have significant implications for homeowners, builders, appraisers, lenders, and policymakers.

  7. Day-Ahead Congestion Management in Distribution Systems through Household Demand Response and Distribution Congestion Prices

    DEFF Research Database (Denmark)

    Liu, Weijia; Wu, Qiuwei; Wen, Fushuan

    2014-01-01

    into balancing power might challenge the operation of electric distribution systems and cause congestions. This paper presents a distribution congestion price (DCP) based market mechanism to alleviate possible distribution system congestions. By employing the loca- tional marginal pricing (LMP) model......, the proposed DCPs are able to reflect the real congestion cost and further direct the schedule of the responses of electric demands. Based on the NordPool Spot market structure, the interactions between aggregators and the distribution system operator (DSO) are discussed, and the procedure for calculating DCPs...

  8. Optimal Offering and Operating Strategy for a Large Wind-Storage System as a Price Maker

    DEFF Research Database (Denmark)

    Ding, Huajie; Pinson, Pierre; Hu, Zechun

    2017-01-01

    Wind farms and energy storage systems are playing increasingly more important roles in power systems, which makes their offering non-negligible in some markets. From the perspective of wind farm-energy storage systems (WF-ESS), this paper proposes an integrated strategy of day-ahead offering...... and real-time operation policies to maximize their overall profit. As participants with large capacity in electricity markets can influence cleared prices by strategic offering, a large scaled WFESS is assumed to be a price maker in day-ahead markets. Correspondingly, the strategy considers influence...

  9. Drug Pricing Reforms

    DEFF Research Database (Denmark)

    Kaiser, Ulrich; Mendez, Susan J.; Rønde, Thomas

    2015-01-01

    Reference price systems for prescription drugs have found widespread use as cost containment tools. Under such regulatory regimes, patients co-pay a fraction of the difference between pharmacy retail price of the drug and a reference price. Reference prices are either externally (based on drug...... prices in other countries) or internally (based on domestic drug prices) determined. In a recent study, we analysed the effects of a change from external to internal reference pricing in Denmark in 2005, finding that the reform led to substantial reductions in prices, producer revenues, and expenditures...

  10. Building a Supplementary System for Successive Settlement of Reforming Energy Price

    Energy Technology Data Exchange (ETDEWEB)

    Cho, G.L. [Korea Energy Economics Institute, Euiwang (Korea)

    2001-11-01

    This study aims to examine whether there is particularly anything to be supplemented in order to successfully reform the price system, based on the assumption of maintaining the current proposal for price reforming. To achieve the target, we compare and evaluate the tax structure and proportion to the advanced taxation system through surveying on the taxation system of the advanced countries and investigate the measures for advancing the energy tax system. Through benchmarking USA, Japan, and European countries, we understand the contents about taxation system, revenue, and future tax reformation related to energy and draw an appropriated conclusion about energy taxation system. On the basis of these analyzed data about the advanced countries' taxation system, we objectively appraise the reforming proposal of our energy price system and examine what needs to be improved and supplemented. Accordingly, we deduce necessary measures for improvement and estimate the expected national economic effects in case of enforcing the improving measures actually. To estimate the economic effects, we also estimate the effects that the price reform impacts on increase and decrease of tax revenue and find an effective expenditure measures for increasing tax revenue. 36 refs., 26 figs., 111 tabs.

  11. Endogenous Price Bubbles in a Multi-Agent System of the Housing Market.

    Science.gov (United States)

    Kouwenberg, Roy; Zwinkels, Remco C J

    2015-01-01

    Economic history shows a large number of boom-bust cycles, with the U.S. real estate market as one of the latest examples. Classical economic models have not been able to provide a full explanation for this type of market dynamics. Therefore, we analyze home prices in the U.S. using an alternative approach, a multi-agent complex system. Instead of the classical assumptions of agent rationality and market efficiency, agents in the model are heterogeneous, adaptive, and boundedly rational. We estimate the multi-agent system with historical house prices for the U.S. market. The model fits the data well and a deterministic version of the model can endogenously produce boom-and-bust cycles on the basis of the estimated coefficients. This implies that trading between agents themselves can create major price swings in absence of fundamental news.

  12. Endogenous Price Bubbles in a Multi-Agent System of the Housing Market.

    Directory of Open Access Journals (Sweden)

    Roy Kouwenberg

    Full Text Available Economic history shows a large number of boom-bust cycles, with the U.S. real estate market as one of the latest examples. Classical economic models have not been able to provide a full explanation for this type of market dynamics. Therefore, we analyze home prices in the U.S. using an alternative approach, a multi-agent complex system. Instead of the classical assumptions of agent rationality and market efficiency, agents in the model are heterogeneous, adaptive, and boundedly rational. We estimate the multi-agent system with historical house prices for the U.S. market. The model fits the data well and a deterministic version of the model can endogenously produce boom-and-bust cycles on the basis of the estimated coefficients. This implies that trading between agents themselves can create major price swings in absence of fundamental news.

  13. Endogenous Price Bubbles in a Multi-Agent System of the Housing Market

    Science.gov (United States)

    2015-01-01

    Economic history shows a large number of boom-bust cycles, with the U.S. real estate market as one of the latest examples. Classical economic models have not been able to provide a full explanation for this type of market dynamics. Therefore, we analyze home prices in the U.S. using an alternative approach, a multi-agent complex system. Instead of the classical assumptions of agent rationality and market efficiency, agents in the model are heterogeneous, adaptive, and boundedly rational. We estimate the multi-agent system with historical house prices for the U.S. market. The model fits the data well and a deterministic version of the model can endogenously produce boom-and-bust cycles on the basis of the estimated coefficients. This implies that trading between agents themselves can create major price swings in absence of fundamental news. PMID:26107740

  14. The Impact of City-level Permitting Processes on Residential Photovoltaic Installation Prices and Development Times: An Empirical Analysis of Solar Systems in California Cities

    Energy Technology Data Exchange (ETDEWEB)

    Wiser, Ryan [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Dong, Changgui [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)

    2013-04-01

    Business process or “soft” costs account for well over 50% of the installed price of residential photovoltaic (PV) systems in the United States, so understanding these costs is crucial for identifying PV cost-reduction opportunities. Among these costs are those imposed by city-level permitting processes, which may add both expense and time to the PV development process. Building on previous research, this study evaluates the effect of city-level permitting processes on the installed price of residential PV systems and on the time required to develop and install those systems. The study uses a unique dataset from the U.S. Department of Energy’s Rooftop Solar Challenge Program, which includes city-level permitting process “scores,” plus data from the California Solar Initiative and the U.S. Census. Econometric methods are used to quantify the price and development-time effects of city-level permitting processes on more than 3,000 PV installations across 44 California cities in 2011. Results indicate that city-level permitting processes have a substantial and statistically significant effect on average installation prices and project development times. The results suggest that cities with the most favorable (i.e., highest-scoring) permitting practices can reduce average residential PV prices by $0.27–$0.77/W (4%–12% of median PV prices in California) compared with cities with the most onerous (i.e., lowest-scoring) permitting practices, depending on the regression model used. Though the empirical models for development times are less robust, results suggest that the most streamlined permitting practices may shorten development times by around 24 days on average (25% of the median development time). These findings illustrate the potential price and development-time benefits of streamlining local permitting procedures for PV systems.

  15. Retail marijuana purchases in designer and commercial markets in New York City: sales units, weights, and prices per gram.

    Science.gov (United States)

    Sifaneck, Stephen J; Ream, Geoffrey L; Johnson, Bruce D; Dunlap, Eloise

    2007-09-01

    This paper documents the bifurcation of the market for commercial marijuana from the market for designer marijuana in New York City. Commercial marijuana is usually grown outdoors, imported to NYC, and of average quality. By contrast, several varities of designer marijuana are usually grown indoors from specially bred strains and carefully handled for maximum quality. The mechanisms for marijuana sales include street/park sellers, delivery services, private sales, and storefronts. Retail sales units vary from 5 dollars to 50 dollars and more, but the actual weights and price per gram of retail marijuana purchases lacks scientific precision. Ethnographic staff recruited marijuana purchasers who used digital scales to weigh a purposive sample of 99 marijuana purchases. Results indicate clear differences in price per gram between the purchases of commercial (average 8.20 dollars/g) and designer (average 18.02 dollars/g) marijuana. Designer purchases are more likely to be made by whites, downtown (Lower East Side/Union Square area), via delivery services, and in units of 10 dollar bags, 50 dollar cubes, and eighth and quarter ounces. Commercial marijuana purchases are more likely to be made by blacks, uptown (Harlem), via street dealers, and in units of 5 dollar and 20 dollar bags. Imported commercial types Arizona and Chocolate were only found uptown, while designer brand names describing actual strains like Sour Diesel and White Widow were only found downtown. Findings indicate clear divisions between commercial and designer marijuana markets in New York City. The extent that these differences may be based upon different THC potencies is a matter for future research.

  16. Multi-unit price promotions and their impact on purchase decisions and sales

    NARCIS (Netherlands)

    Drechsler, Salome; Leeflang, Peter S. H.; Bijmolt, Tammo H. A.; Natter, Martin

    2017-01-01

    Purpose - The purpose of this paper is to compare the impact of different multi-unit promotions (MUPs) and a single-unit promotion (SUP) on store-level sales and consumer-level purchase probability and quantity decision. Design/methodology/approach - The paper combines two empirical studies. Study 1

  17. Dual-Priced Modal Transition Systems with Time Durations

    DEFF Research Database (Denmark)

    Beneš, Nikola; Kretínsky, Jan; Larsen, Kim Guldstrand;

    2012-01-01

    intervals. We further equip the model with two kinds of quantitative aspects: each action has its own running cost per time unit, and actions may require several hardware components of different costs. We ask the question, given a fixed budget for the hardware components, what is the implementation...... with the cheapest long-run average reward. We give an algorithm for computing such optimal implementations via a reduction to a new extension of mean payoff games with time durations and analyse the complexity of the algorithm....

  18. Money Price Relationship under the Currency Board System: The Case of Argentina

    OpenAIRE

    Selahattin TOGAY; Kose, Nezir

    2009-01-01

    In this study, the endogenous money hypothesis is examined for the Argentinean economy employing exogeneity tests by using monthly data for the time period 1991-2001 within the frame of money and price relationship in a Currency Board-like system. Empirical results support the hypothesis which suggests that money supply is endogenous.

  19. Impacts of Regional Electricity Prices and Building Type on the Economics of Commercial Photovoltaic Systems

    Energy Technology Data Exchange (ETDEWEB)

    Ong, S.; Campbell, C.; Clark, N.

    2012-12-01

    To identify the impacts of regional electricity prices and building type on the economics of solar photovoltaic (PV) systems, 207 rate structures across 77 locations and 16 commercial building types were evaluated. Results for expected solar value are reported for each location and building type. Aggregated results are also reported, showing general trends across various impact categories.

  20. Combined analysis of climate, technological and price changes on future arable farming systems in Europe

    NARCIS (Netherlands)

    Wolf, J.; Kanellopoulos, Argyris; Kros, J.; Webber, H.; Zhao, G.; Britz, W.; Reinds, G.J.; Ewert, F.; Vries, de W.

    2015-01-01

    In this study, we compare the relative importance of climate change to technological, management, price and policy changes on European arable farming systems. This required linking four models: the SIMPLACE crop growth modelling framework to calculate future yields under climate change for arable cr

  1. OpenTide China’s Pricing Decision-making Support System 2.0 for Digital Industry in China

    OpenAIRE

    Yeisun Lee; Wonsang Youn; Jongwook Lim; Yongsik Nam; Youngsik Kwak

    2010-01-01

    The purpose of this research is to develop a comprehensive pricing decision-making support system that marketers in digital industry can use to set price level and quantity for digital products including mobile phone, TV, computer, mp3 player and monitor. TheOpenTide China’s pricing Decision-making Support System (OTC’s PDSS) consists of the price response function for each product, the promotion response function, the cost function, mixture modeling, Kane’s regency modeling and Brian’s compe...

  2. OpenTide China’s Pricing Decision-making Support System 2.0 for Digital Industry in China

    Directory of Open Access Journals (Sweden)

    Yeisun Lee

    2010-03-01

    Full Text Available The purpose of this research is to develop a comprehensive pricing decision-making support system that marketers in digital industry can use to set price level and quantity for digital products including mobile phone, TV, computer, mp3 player and monitor. TheOpenTide China’s pricing Decision-making Support System (OTC’s PDSS consists of the price response function for each product, the promotion response function, the cost function, mixture modeling, Kane’s regency modeling and Brian’s competitive algorithm. Then we have applied the OTC’s PDSS to the digital industry and yielded the profit maximization price point, revenue maximization price point, and the predicted quantity level for each week for each product category.

  3. Strategic Transfer Pricing

    OpenAIRE

    Michael Alles; Srikant Datar

    1998-01-01

    Most research into cost systems has focused on their motivational implications. This paper takes a different approach, by developing a model where two oligopolistic firms strategically select their cost-based transfer prices. Duopoly models frequently assume that firms game on their choice of prices. Product prices, however, are ultimately based on the firms' transfer prices that communicate manufacturing costs to marketing departments. It is for this reason that transfer prices will have a s...

  4. Security region based real and reactive power pricing of power system

    Institute of Scientific and Technical Information of China (English)

    YU YiXin; WANG YanJun

    2008-01-01

    This paper develops a novel model and an algorithm of security region based real and reactive power pricing of power systems. In the proposed model, the reactive power production cost is represented as the opportunity cost. The static voltage stability region in the cut set power space (CVSR) and the practical dynamic secu-rity region (PDSR) in the injection power space are used to represent the con-straints of voltage stability and transient stability, so that the consideration of this kind of constraints in the optimization becomes very easy. In the proposed algo-rithm, a decoupled optimization and iteration method of active power production cost and reactive power production cost is suggested. According to the K-T opti-mality conditions, the prices of active power and reactive power, and the different components corresponding to the concerned security constraints are derived. The components of spot prices can reflect the influence of different node power injec-tions on each kind of security constraints, so that through the node price all of the participants in power market can be stimulated to take an active part in maintaining the system security. An illustrative example on the New England 10-generator 39-bus System is used to demonstrate the proposed method.

  5. Security region based real and reactive power pricing of power system

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    This paper develops a novel model and an algorithm of security region based real and reactive power pricing of power systems.In the proposed model,the reactive power production cost is represented as the opportunity cost.The static voltage stability region in the cut set power space(CVSR) and the practical dynamic security region(PDSR) in the injection power space are used to represent the constraints of voltage stability and transient stability,so that the consideration of this kind of constraints in the optimization becomes very easy.In the proposed algorithm,a decoupled optimization and iteration method of active power production cost and reactive power production cost is suggested.According to the K-T optimality conditions,the prices of active power and reactive power,and the different components corresponding to the concerned security constraints are derived.The components of spot prices can reflect the influence of different node power injections on each kind of security constraints,so that through the node price all of the participants in power market can be stimulated to take an active part in maintaining the system security.An illustrative example on the New England 10-genetator 39-bus System is used to demonstrate the proposed method.

  6. Effectiveness of unit-based pricing of waste in the Netherlands: applying a general equilibrium model.

    Science.gov (United States)

    van Beukering, Pieter J H; Bartelings, Heleen; Linderhof, Vincent G M; Oosterhuis, Frans H

    2009-11-01

    Differential and variable rates (DVR) in waste collection charging give a price incentive to households to reduce their waste and increase recycling. International empirical evidence confirms the effectiveness of DVR schemes, with limited unwanted side effects. In the Netherlands, currently some 20% of the population is charged at DVR. This is less than in several other countries. Taking into account differences between types of households and dwellings, this study analyses various scenarios for extended use of DVR in the Netherlands. The analysis shows that further penetration of DVR is a cost-effective instrument for waste reduction and more recycling. Moreover, DVR can itself be seen as a necessary condition for the successful implementation of other economic instruments, such as waste taxes. It is therefore recommended to stimulate municipalities to adopt DVR schemes in the Netherlands, accompanied by the provision of adequate facilities for waste separation by households. Before introducing DVR in 'very strongly urbanized' municipalities (i.e. the 12 largest cities in the Netherlands) a pilot experiment in one of them might be useful to test the behavioral response in this category.

  7. State energy price and expenditure report 1994

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-06-01

    The State Energy Price and Expenditure Report (SEPER) presents energy price and expenditure estimates individually for the 50 States and the District of Columbia and in aggregate for the United States. The price and expenditure estimates developed in the State Energy Price and Expenditure Data System (SEPEDS) are provided by energy source and economic sector and are published for the years 1970 through 1994. Consumption estimates used to calculate expenditures and the documentation for those estimates are taken from the State Energy Data Report 1994, Consumption Estimates (SEDR), published in October 1996. Expenditures are calculated by multiplying the price estimates by the consumption estimates, which are adjusted to remove process fuel; intermediate petroleum products; and other consumption that has no direct fuel costs, i.e., hydroelectric, geothermal, wind, solar, and photovoltaic energy sources. Documentation is included describing the development of price estimates, data sources, and calculation methods. 316 tabs.

  8. ACCOUNTING ASPECTS OF PRICING AND TRANSFER PRICING

    Directory of Open Access Journals (Sweden)

    TÜNDE VERES

    2011-01-01

    Full Text Available The pricing methods in practice need really complex view of the business situation and depend on the strategy and market position of a company. The structure of a price seems simple: cost plus margin. Both categories are special area in the management accounting. Information about the product costs, the allocation methodologies in cost accounting, the analyzing of revenue and different level of the margin needs information from accounting system. This paper analyzes the pricing methods from management accounting aspects to show out the role of the accounting system in the short term and long term pricing and transfer pricing decisions.

  9. Optimization of the pricing mechanism in the system of innovative development of investment-building complex

    Directory of Open Access Journals (Sweden)

    Sajfullina Farida Maratovna

    2011-09-01

    Full Text Available Currently, the existing system of pricing allows only describe costs in the production process, it is based on technological standards, which are not all perfect. In a basis of system must be the complex of interrelated normative-methodical and information-reference documents, allowing to determine the cost of construction at three main stages of the investment-construction process: at the stage of budget planning, design and implementation stages of construction and calculations for the executed works.

  10. Recent developments in marketing and pricing systems for agricultural export commodities in sub-Saharan Africa

    OpenAIRE

    Varangis, Panos; Takamasa AKIYAMA; Thigpen, Elton

    1990-01-01

    This paper documents the difficulties various countries in sub - Saharan Africa have had with marketing and pricing systems, and shows how these systems have been caused or exacerbated by government controls. It documents the steps several countries have taken toward relaxing those controls and allowing more participation by private enterprise. Some general conclusions are drawn about the kinds of changes in parastatal marketing organizations that most effectively improve their ability to mar...

  11. 3-Unit System Comprising Two Types of Units with First Come First Served Repair Pattern Except When Both Types of Units are Waiting for Repair

    Directory of Open Access Journals (Sweden)

    Amit Goyal

    2010-01-01

    Full Text Available Problem statement: In this study we investigated the probabilistic analysis of a three unit system working in a sugar Mill, wherein one unit is big and the other two units are small and identical, is examined. Upon failure of the big unit, both small units are made operative and failed unit is undertaken for repair immediately. Priority for operation is given to the big unit. Priority for repair is given to big unit if both types (i.e., big and small of units are in queue to get the repair done. System is able to work with full capacity only if big unit or both small units are in good condition. If only one small unit is operable, the system works at reduced capacity. The system under consideration goes to rest during the non-seasonal period. Approach: System was analyzed by making use of semi-Markov processes and regenerative point technique and various measures of the system effectiveness are obtained including the profit incurred to the system. Results: Graphs had been plotted to depict the behavior of the profit with respect to failure rate for different values of repair rate and with respect to revenue per unit up time for which system is working at full capacity for different values of cost for PM/CM. Conclusion: The profit increases with the decrease in the values of the failure rate and with the increase in the values of revenue per unit up time. It has lower (higher values on increasing the values of cost (repair rate. Cut-off points obtained for failure rate help decide about having the system with failure rate lesser than that the value at cut-off point. Also, the price of the product should be fixed in such a way so as to get the revenue greater than the value at cut-off point.

  12. Marketing CE approved off-the-shelf FC-operated power backup units for the telecom industry at competitive prices : a continuing success story

    Energy Technology Data Exchange (ETDEWEB)

    Mortensen, P. [Dantherm Power, Skive (Denmark)

    2009-07-01

    Dantherm Power receives a steady supply of fuel cell stacks packed on pallets at its factory in Denmark. Once unpacked, they go to an assembly line to be integrated into power modules designed for telecom- and IT network-base-stations around the world. The CE approved units are designed and tested to meet current telecom standards. Customers can purchase the off-the-shelf units at competitive prices. Dantherm Power has brought fuel-cell technology beyond the research and development stage. Since 2005, the company has sold backup units providing uninterruptible power supply (UPS) to the telecom industry on standard commercial terms. Their fuel cell-based-solutions have proven to be successful. The company began in 2003 as a research and development project within Dantherm Air Handling A/S. Development was driven by the idea that a UPS-system based on hydrogen and fuel-cell-technology may be better solution than traditional battery and diesel driven backup for many of the company's existing clients.

  13. Estimating the environmental and resource costs of leakage in water distribution systems: A shadow price approach.

    Science.gov (United States)

    Molinos-Senante, María; Mocholí-Arce, Manuel; Sala-Garrido, Ramon

    2016-10-15

    Water scarcity is one of the main problems faced by many regions in the XXIst century. In this context, the need to reduce leakages from water distribution systems has gained almost universal acceptance. The concept of sustainable economic level of leakage (SELL) has been proposed to internalize the environmental and resource costs within economic level of leakage calculations. However, because these costs are not set by the market, they have not often been calculated. In this paper, the directional-distance function was used to estimate the shadow price of leakages as a proxy of their environmental and resource costs. This is a pioneering approach to the economic valuation of leakage externalities. An empirical application was carried out for the main Chilean water companies. The estimated results indicated that for 2014, the average shadow price of leakages was approximately 32% of the price of the water delivered. Moreover, as a sensitivity analysis, the shadow prices of the leakages were calculated from the perspective of the water companies' managers and the regulator. The methodology and findings of this study are essential for supporting the decision process of reducing leakage, contributing to the improvement of economic, social and environmental efficiency and sustainability of urban water supplies.

  14. Pricing Strategy. Unit 10. Level 2. Instructor Guide. PACE: Program for Acquiring Competence in Entrepreneurship. Third Edition. Research & Development Series No. 302-10.

    Science.gov (United States)

    Ohio State Univ., Columbus. Center on Education and Training for Employment.

    This instructor guide for a unit on pricing strategy in the PACE (Program for Acquiring Competence in Entrepreneurship) curriculum includes the full text of the student module and lesson plans, instructional suggestions, and other teacher resources. The competencies that are incorporated into this module are at Level 2 of learning--planning for a…

  15. Pricing Strategy. Unit 10. Level 3. Instructor Guide. PACE: Program for Acquiring Competence in Entrepreneurship. Third Edition. Research & Development Series No. 303-10.

    Science.gov (United States)

    Ohio State Univ., Columbus. Center on Education and Training for Employment.

    This instructor guide for a unit on pricing strategy in the PACE (Program for Acquiring Competence in Entrepreneurship) curriculum includes the full text of the student module and lesson plans, instructional suggestions, and other teacher resources. The competencies that are incorporated into this module are at Level 3 of learning--starting and…

  16. Pricing Strategy. Unit 10. Level 1. Instructor Guide. PACE: Program for Acquiring Competence in Entrepreneurship. Third Edition. Research & Development Series No. 301-10.

    Science.gov (United States)

    Ohio State Univ., Columbus. Center on Education and Training for Employment.

    This instructor guide for a unit on pricing strategy in the PACE (Program for Acquiring Competence in Entrepreneurship) curriculum includes the full text of the student module and lesson plans, instructional suggestions, and other teacher resources. The competencies that are incorporated into this module are at Level 1 of learning--understanding…

  17. Complex Nonlinear Dynamic System of Oligopolies Price Game with Heterogeneous Players Under Noise

    Science.gov (United States)

    Liu, Feng; Li, Yaguang

    A nonlinear four oligopolies price game with heterogeneous players, that are boundedly rational and adaptive, is built using two different special demand costs. Based on the theory of complex discrete dynamical system, the stability and the existing equilibrium point are investigated. The complex dynamic behavior is presented via bifurcation diagrams, the Lyapunov exponents to show equilibrium state, bifurcation and chaos with the variation in parameters. As disturbance is ubiquitous in economic systems, this paper focuses on the analysis of delay feedback control method under noise circumstances. Stable dynamics is confirmed to depend mainly on the low price adjustment speed, and if all four players have limited opportunities to stabilize the market, the new adaptive player facing profits of scale are found to be higher than the incumbents of bounded rational.

  18. Pricing and Capacity Sizing for Systems with Shared Resources: Approximate Solutions and Scaling Relations

    OpenAIRE

    Constantinos Maglaras; Assaf Zeevi

    2003-01-01

    This paper considers pricing and capacity sizing decisions, in a single-class Markovian model motivated by communication and information services. The service provider is assumed to operate a finite set of processing resources that can besharedamong users; however, this shared mode of operation results in a service-rate degradation. Users, in turn, are sensitive to the delay implied by the potential degradation in service rate, and to the usage fee charged for accessing the system. We study t...

  19. Mapping of selected markets with Nodal pricing or similar systems. Australia, New Zealand and North American power markets

    Energy Technology Data Exchange (ETDEWEB)

    Mathiesen, Vivi (ed.)

    2011-07-01

    This report shows that the principals of nodal pricing can be implemented in different ways. A common denominator for markets with nodal pricing is a central market based nodal dispatch, where prices and flows are determined simultaneously close to real time. This stands apart from the European market design, which is based on a highly simplified version of the grid, and a physical point auction day ahead. Congestion management is handled by the TSO during the operational hour and not through the market as is the case in nodal pricing systems. Nodal pricing yields optimal dispatch and congestion management through the market, and as such an optimal utilisation of energy generation and network. However, whether this short term optimisation delivers the highest overall efficiency for the market in terms of competition in the wholesale and retail market, price discovery, possibilities for hedging, long term price signals etc. is difficult to determine. The markets investigated handle issues such as market power, risk management, investment signals and retail markets in very different ways. New Zealand and PJM are examples of markets with full nodal pricing, i.e. both generators and the demand side are exposed to nodal prices. The PJM market has more 'additional features' than the New Zealand market. Examples of these are separate capacity market to trigger investments in generation and generator price caps to deal with situations of market power. In addition PJM offers liquid and mature markets for risk management, such as aggregates of nodes where market participant can chose to be settled (rather than to be settled directly at the node). A general finding though, seems to be that risk management at peripheral nodes is challenging in nodal markets, particularly for independent retailers. In New Zealand generators and retailers were permitted to 'reintegrate' in order to cope with the nodal prices. The Australian market has central market based

  20. ANALYSIS OF REQUIREMENTS APPLICABLE TO THE PRICING SYSTEM IN THE CONSTRUCTION INDUSTRY

    Directory of Open Access Journals (Sweden)

    Lyapin Anton Valer'evich

    2012-10-01

    Full Text Available Formation of the pricing system and underlying investment and construction activities were analyzed by the authors in their research. It is noteworthy that the pricing system has a common basis with other human systems, as it incorporates such constituents as process, people, software, etc. Correct interaction between these elements ensures conformity between the anticipated and the practical performance of the system. The basis for the effective operation of the existing system and reduction of potential risks consists in early identification and analysis of requirements set by the user. Absent of implementation of an effective requirement management process, the pattern of the system development will look chaotic and unpredictable. In the process of the data analysis, the data set is converted into a set of the user requirements describing the anticipated behavior of the system in the course of its interaction with the operating environment. The requirements of users comprise an important constituent of the system design. They affect the entire development process from the beginning to the very end. In accordance with the principles of the system engineering, the authors have identified the key pricing system parameters; their implementation assures the appropriate functionality with a view to the formation of the contract price at various stages of the life-cycle of the investment project. Analysis of the above requirements makes it possible to convert them into a technical vision of the desired product that can demonstrate the required functionality. The methodology proposed by the authors contemplates decomposition of the levels of requirements; therefore, the authors employ a three-level model that describes the expected functionality of the system. The model includes an organizational level (basic processes, participants, information flows, a methodological level (method of calculating the cost of design, construction and operation

  1. Evaluation of power system security and development of transmission pricing method

    Science.gov (United States)

    Kim, Hyungchul

    The electric power utility industry is presently undergoing a change towards the deregulated environment. This has resulted in unbundling of generation, transmission and distribution services. The introduction of competition into unbundled electricity services may lead system operation closer to its security boundaries resulting in smaller operating safety margins. The competitive environment is expected to lead to lower price rates for customers and higher efficiency for power suppliers in the long run. Under this deregulated environment, security assessment and pricing of transmission services have become important issues in power systems. This dissertation provides new methods for power system security assessment and transmission pricing. In power system security assessment, the following issues are discussed (1) The description of probabilistic methods for power system security assessment; (2) The computation time of simulation methods; (3) on-line security assessment for operation. A probabilistic method using Monte-Carlo simulation is proposed for power system security assessment. This method takes into account dynamic and static effects corresponding to contingencies. Two different Kohonen networks, Self-Organizing Maps and Learning Vector Quantization, are employed to speed up the probabilistic method. The combination of Kohonen networks and Monte-Carlo simulation can reduce computation time in comparison with straight Monte-Carlo simulation. A technique for security assessment employing Bayes classifier is also proposed. This method can be useful for system operators to make security decisions during on-line power system operation. This dissertation also suggests an approach for allocating transmission transaction costs based on reliability benefits in transmission services. The proposed method shows the transmission transaction cost of reliability benefits when transmission line capacities are considered. The ratio between allocation by transmission line

  2. Generating units performances: power system requirements

    Energy Technology Data Exchange (ETDEWEB)

    Fourment, C.; Girard, N.; Lefebvre, H.

    1994-08-01

    The part of generating units within the power system is more than providing power and energy. Their performance are not only measured by their energy efficiency and availability. Namely, there is a strong interaction between the generating units and the power system. The units are essential components of the system: for a given load profile the frequency variation follows directly from the behaviour of the units and their ability to adapt their power output. In the same way, the voltage at the units terminals are the key points to which the voltage profile at each node of the network is linked through the active and especially the reactive power flows. Therefore, the customer will experience the frequency and voltage variations induced by the units behaviour. Moreover, in case of adverse conditions, if the units do not operate as well as expected or trip, a portion of the system, may be the whole system, may collapse. The limitation of the performance of a unit has two kinds of consequences. Firstly, it may result in an increased amount of not supplied energy or loss of load probability: for example if the primary reserve is not sufficient, a generator tripping may lead to an abnormal frequency deviation, and load may have to be shed to restore the balance. Secondly, the limitation of a unit performance results in an economic over-cost for the system: for instance, if not enough `cheap` units are able to load-following, other units with higher operating costs have to be started up. We would like to stress the interest for the operators and design teams of the units on the one hand, and the operators and design teams of the system on the other hand, of dialog and information exchange, in operation but also at the conception stage, in order to find a satisfactory compromise between the system requirements and the consequences for the generating units. (authors). 11 refs., 4 figs.

  3. Dynamic Pricing and Production Control of an Inventory System with Remanufacturing

    Directory of Open Access Journals (Sweden)

    Chunyan Gao

    2015-01-01

    Full Text Available We consider optimal pricing and manufacturing control of a continuous-review inventory system with remanufacturing. Customer demand and product return follow independent Poisson processes. Customer demand is filled by serviceable product, which can be either manufactured or remanufactured from the returned product. The lead times for both manufacturing and remanufacturing are exponentially distributed. The objective is to maximize the expected total discounted profit over an infinite planning horizon. We characterize the structural properties of the optimal policy through the optimality equation. Specifically, the optimal manufacturing policy is a base-stock policy with the base-stock level nonincreasing in the return inventory level. The optimal pricing policy is also a threshold policy, where the threshold level is nonincreasing in the return inventory level.

  4. El capital humano en el sistema de precios Human capital in the price system

    Directory of Open Access Journals (Sweden)

    Cuevas Homero

    1996-06-01

    Full Text Available Este ensayo explora algunas implicaciones fundamentales de la introducción del capital humano en un sistema de equilibrio general de precios de producción. En particular, las implicaciones sobre las determinación de los salarios, los agregados, la homogeneidad del modelo de trabajo, las proporciones capital trabajo, la tasa natural del beneficio y las fluctuaciones de los precios de equilibrio.This essay explores some fundamental implications of the introduction of human capital in a system of general equilibrium of prices of production. In particular, the implications concerning the determination of wages, the aggregates, the homogenei ty of labor, the capital-labor ratio, the natural rate of profit and the fluctuations of equilibrium prices.

  5. Systems analysis approach to the design of efficient water pricing policies under the EU water framework directive

    DEFF Research Database (Denmark)

    Riegels, Niels; Pulido-Velazquez, Manuel; Doulgeris, Charalampos

    2013-01-01

    to efficient management of groundwater and surface water given EU WFD ecological flow requirements. Under the first approach, all wholesale water users in a river basin face the same volumetric price for water. This water price does not vary in space or in time, and surface water and groundwater are priced......Economic theory suggests that water pricing can contribute to efficient management of water scarcity. The European Union (EU) Water Framework Directive (WFD) is a major legislative effort to introduce the use of economic instruments to encourage efficient water use and achieve environmental...... management objectives. However, the design and implementation of economic instruments for water management, including water pricing, has emerged as a challenging aspect of WFD implementation. This study demonstrates the use of a systems analysis approach to designing and comparing two economic approaches...

  6. Optimal Control of a Make-to-Stock System with Outsourced Production and Price-Sensitive Demand

    Directory of Open Access Journals (Sweden)

    Liuxin Chen

    2014-01-01

    and a choice of either high or low price, the system decides at any point in time whether to produce or even outsource for additional capacity as well as which price to sell the product at. We show in the paper that the optimal control policy is of dynamic threshold type: all decisions are based on the product inventory position which represents the state of the system; there is a state dependent base stock level to decide on production and a higher level on outsourcing; and there is a state dependent threshold which divides the choice of high and low prices.

  7. Representations of minimum unit pricing for alcohol in UK newspapers: a case study of a public health policy debate.

    Science.gov (United States)

    Patterson, Chris; Katikireddi, Srinivasa Vittal; Wood, Karen; Hilton, Shona

    2015-03-01

    Mass media influence public acceptability, and hence feasibility, of public health interventions. This study investigates newsprint constructions of the alcohol problem and minimum unit pricing (MUP). Quantitative content analysis of 901 articles about MUP published in 10 UK and Scottish newspapers between 2005 and 2012. MUP was a high-profile issue, particularly in Scottish publications. Reporting increased steadily between 2008 and 2012, matching the growing status of the debate. The alcohol problem was widely acknowledged, often associated with youths, and portrayed as driven by cheap alcohol, supermarkets and drinking culture. Over-consumption was presented as a threat to health and social order. Appraisals of MUP were neutral, with supportiveness increasing slightly over time. Arguments focused on health impacts more frequently than more emotive perspectives or business interests. Health charities and the NHS were cited slightly more frequently than alcohol industry representatives. Emphases on efficacy, evidence and experts are positive signs for evidence-based policymaking. The high profile of MUP, along with growing support within articles, could reflect growing appetite for action on the alcohol problem. Representations of the problem as structurally driven might engender support for legislative solutions, although cultural explanations remain common. © The Author 2014. Published by Oxford University Press on behalf of Faculty of Public Health.

  8. Development of an evolutionary fuzzy expert system for estimating future behavior of stock price

    Science.gov (United States)

    Mehmanpazir, Farhad; Asadi, Shahrokh

    2017-07-01

    The stock market has always been an attractive area for researchers since no method has been found yet to predict the stock price behavior precisely. Due to its high rate of uncertainty and volatility, it carries a higher risk than any other investment area, thus the stock price behavior is difficult to simulation. This paper presents a "data mining-based evolutionary fuzzy expert system" (DEFES) approach to estimate the behavior of stock price. This tool is developed in seven-stage architecture. Data mining is used in three stages to reduce the complexity of the whole data space. The first stage, noise filtering, is used to make our raw data clean and smooth. Variable selection is second stage; we use stepwise regression analysis to choose the key variables been considered in the model. In the third stage, K-means is used to divide the data into sub-populations to decrease the effects of noise and rebate complexity of the patterns. At next stage, extraction of Mamdani type fuzzy rule-based system will be carried out for each cluster by means of genetic algorithm and evolutionary strategy. In the fifth stage, we use binary genetic algorithm to rule filtering to remove the redundant rules in order to solve over learning phenomenon. In the sixth stage, we utilize the genetic tuning process to slightly adjust the shape of the membership functions. Last stage is the testing performance of tool and adjusts parameters. This is the first study on using an approximate fuzzy rule base system and evolutionary strategy with the ability of extracting the whole knowledge base of fuzzy expert system for stock price forecasting problems. The superiority and applicability of DEFES are shown for International Business Machines Corporation and compared the outcome with the results of the other methods. Results with MAPE metric and Wilcoxon signed ranks test indicate that DEFES provides more accuracy and outperforms all previous methods, so it can be considered as a superior tool for

  9. Development of an evolutionary fuzzy expert system for estimating future behavior of stock price

    Science.gov (United States)

    Mehmanpazir, Farhad; Asadi, Shahrokh

    2016-07-01

    The stock market has always been an attractive area for researchers since no method has been found yet to predict the stock price behavior precisely. Due to its high rate of uncertainty and volatility, it carries a higher risk than any other investment area, thus the stock price behavior is difficult to simulation. This paper presents a "data mining-based evolutionary fuzzy expert system" (DEFES) approach to estimate the behavior of stock price. This tool is developed in seven-stage architecture. Data mining is used in three stages to reduce the complexity of the whole data space. The first stage, noise filtering, is used to make our raw data clean and smooth. Variable selection is second stage; we use stepwise regression analysis to choose the key variables been considered in the model. In the third stage, K-means is used to divide the data into sub-populations to decrease the effects of noise and rebate complexity of the patterns. At next stage, extraction of Mamdani type fuzzy rule-based system will be carried out for each cluster by means of genetic algorithm and evolutionary strategy. In the fifth stage, we use binary genetic algorithm to rule filtering to remove the redundant rules in order to solve over learning phenomenon. In the sixth stage, we utilize the genetic tuning process to slightly adjust the shape of the membership functions. Last stage is the testing performance of tool and adjusts parameters. This is the first study on using an approximate fuzzy rule base system and evolutionary strategy with the ability of extracting the whole knowledge base of fuzzy expert system for stock price forecasting problems. The superiority and applicability of DEFES are shown for International Business Machines Corporation and compared the outcome with the results of the other methods. Results with MAPE metric and Wilcoxon signed ranks test indicate that DEFES provides more accuracy and outperforms all previous methods, so it can be considered as a superior tool for

  10. Price-Efficiency Relationship for Photovoltaic Systems on a Global Basis

    Directory of Open Access Journals (Sweden)

    Mehmet Sait Cengiz

    2015-01-01

    Full Text Available Solar energy is the most abundant, useful, efficient, and environmentally friendly source of renewable energy. In addition, in recent years, the capacity of photovoltaic electricity generation systems has increased exponentially throughout the world given an increase in the economic viability and reliability of photovoltaic systems. Moreover, many studies state that photovoltaic power systems will play a key role in electricity generation in the future. When first produced, photovoltaic systems had short lifetimes. Currently, through development, the technology lifecycle of photovoltaic systems has increased to 20–25 years. Studies showed that photovoltaic systems would be broadly used in the future, a conclusion reached by considering the rapidly decreasing cost of photovoltaic systems. Because price analysis is very important for energy marketing, in this study, a review of the cost potential factors on photovoltaic panels is realized and the expected cost potential of photovoltaic systems is examined considering numerous studies.

  11. An innovative price plan monitoring and advisory system: A case study of mobile telecom service in Thailand

    Directory of Open Access Journals (Sweden)

    Manarach Amornrattanapaichit

    2014-04-01

    Full Text Available An innovative price plan monitoring and advisory system simulates subscriber usage consumption for offering suitable price plan. The aim of this paper is to develop the decision support system by using Statistical Process Control (SPC to identify subscriber usage behavior and provide critical visibility into subscriber consumption to detect their inappropriate usage especially in exceeding usage. To explore subscriber usage behavior, a forecasting model and a regression is employed to identify related factors and predictive usage model. The innovative price plan monitoring and advisory system has been verified and validated with one of the largest telecommunication company in Thailand. Using decision support system with effective control chart and real subscriber behavior pattern help mobile network operator grow their revenues and profits by offering an appropriate price plan as well as improve subscriber experience with more flexible choice to meet their individual usage consumption needs.

  12. Utility-Scale Solar 2015: An Empirical Analysis of Project Cost, Performance, and Pricing Trends in the United States

    Energy Technology Data Exchange (ETDEWEB)

    Bolinger, Mark [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States). Environmental Energy Technologies Division; Seel, Joachim [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States). Environmental Energy Technologies Division

    2016-08-17

    The utility-scale solar sector—defined here to include any ground-mounted photovoltaic (“PV”), concentrating photovoltaic (“CPV”), or concentrating solar power (“CSP”) project that is larger than 5 MWAC in capacity—has led the overall U.S. solar market in terms of installed capacity since 2012. It is expected to maintain its market-leading position for at least another five years, driven in part by December 2015’s three-year extension of the 30% federal investment tax credit (“ITC”) through 2019 (coupled with a favorable switch to a “start construction” rather than a “placed in service” eligibility requirement, and a gradual phase down of the credit to 10% by 2022). In fact, in 2016 alone, the utility-scale sector is projected to install more than twice as much new capacity as it ever has previously in a single year. This unprecedented boom makes it difficult, yet more important than ever, to stay abreast of the latest utility-scale market developments and trends. This report—the fourth edition in an ongoing annual series—is intended to help meet this need, by providing in-depth, annually updated, data-driven analysis of the utility-scale solar project fleet in the United States. Drawing on empirical project-level data from a wide range of sources, this report analyzes not just installed project costs or prices—i.e., the traditional realm of most solar economic analyses—but also operating costs, capacity factors, and power purchase agreement (“PPA”) prices from a large sample of utility-scale solar projects throughout the United States. Given its current dominance in the market, utility-scale PV also dominates much of this report, though data from CPV and CSP projects are also presented where appropriate.

  13. Price control and macromarketing

    Directory of Open Access Journals (Sweden)

    Kancir Rade

    2003-01-01

    Full Text Available Price control at macro level is part of integral macro marketing strategic control system, or more precisely, part of social marketing mix control. Price impact is direct, if it is regarded in the context of needs satisfaction, and indirect, within the context of resource allocation. These two patterns of price impact define control mechanism structuring. Price control in sense of its direct impact at process of need satisfaction should comprise qualitative and quantitative level of needs satisfaction at a given price level and its structure, informational dimension of price and different disputable forms of corporate pricing policies. Control of price allocation function is based at objectives of macro marketing system management in the area of resource allocation and the role of price as allocator in contemporary market economies. Control process is founded, on one hand, at theoretical models of correlation between price and demand in different market structures, and on the other hand, at complex limits that price as allocator has, and which make whole control process even more complex because of reduction of the degree of determinism in functioning of contemporary economic systems. Control of price allocation function must be continuous and dynamic process if it is to provide for convergence with environmental changes and if it is to provide for placing control systems at micro marketing levels in the function of socially valid objectives.

  14. An Analysis of the Effects of Photovoltaic Energy Systems on Residential Selling Prices in California.

    Energy Technology Data Exchange (ETDEWEB)

    Cappers, Peter; Wiser, Ryan; Thayer, Mark; Hoen, Ben

    2011-04-12

    An increasing number of homes with existing photovoltaic (PV) energy systems have sold in the U.S., yet relatively little research exists that estimates the marginal impacts of those PV systems on the sales price. A clearer understanding of these effects might influence the decisions of homeowners, home buyers and PV home builders. This research analyzes a large dataset of California homes that sold from 2000 through mid-2009 with PV installed. Across a large number of hedonic and repeat sales model specifications and robustness tests, the analysis finds strong evidence that homes with PV systems sold for a premium over comparable homes without. The effects range, on average, from approximately $3.9 to $6.4 per installed watt (DC), with most models coalescing near $5.5/watt, which corresponds to a premium of approximately $17,000 for a 3,100 watt system. The research also shows that, as PV systems age, the premium enjoyed at the time of home sale decreases. Additionally, existing homes with PV systems are found to have commanded a larger sales price premium than new homes with similarly sized PV systems. Reasons for this discrepancy are suggested, yet further research is warranted in this area as well as a number of other areas that are highlighted.

  15. An Analysis of the Effects of Residential Photovoltaic Energy Systems on Home Sales Prices in California

    Energy Technology Data Exchange (ETDEWEB)

    Hoen, Ben; Cappers, Peter; Wiser, Ryan; Thayer, Mark

    2011-04-19

    An increasing number of homes in the U.S. have sold with photovoltaic (PV) energy systems installed at the time of sale, yet relatively little research exists that estimates the marginal impacts of those PV systems on home sale prices. A clearer understanding of these possible impacts might influence the decisions of homeowners considering the installation of a PV system, homebuyers considering the purchase of a home with PV already installed, and new home builders considering including PV as an optional or standard product on their homes. This research analyzes a large dataset of California homes that sold from 2000 through mid-2009 with PV installed. It finds strong evidence that homes with PV systems sold for a premium over comparable homes without PV systems during this time frame. Estimates for this premium expressed in dollars per watt of installed PV range, on average, from roughly $4 to $5.5/watt across a large number of hedonic and repeat sales model specifications and robustness tests. When expressed as a ratio of the sales price premium of PV to estimated annual energy cost savings associated with PV, an average ratio of 14:1 to 19:1 can be calculated; these results are consistent with those of the more-extensive existing literature on the impact of energy efficiency on sales prices. When the data are split among new and existing homes, however, PV system premiums are markedly affected. New homes with PV show premiums of $2.3-2.6/watt, while existing homes with PV show premiums of more than $6/watt. Reasons for this discrepancy are suggested, yet further research is warranted. A number of other areas where future research would be useful are also highlighted.

  16. Price Elasticity Estimates of Cigarette Demand in Vietnam

    OpenAIRE

    Eozenou, Patrick; Fishburn, Burke

    2001-01-01

    In this paper, we analyze a complete demand system to estimate the price elasticity for cigarette demand in Vietnam. Following Deaton (1990), we build a spatial panel using cross sectional household survey data. We consider a model of simultaneous choice of quantity and quality. This allows us to exploit unit values from cigarette consumption in order to disentangle quality choice from exogenous price variations. We then rely on spatial variations in prices and quantities demanded to estimate...

  17. Effects of time delay on stochastic resonance of the stock prices in financial system

    Energy Technology Data Exchange (ETDEWEB)

    Li, Jiang-Cheng [Department of Physics, Yunnan University, Kunming, 650091 (China); Li, Chun [Department of Computer Science, Puer Teachers' College, Puer 665000 (China); Mei, Dong-Cheng, E-mail: meidch@ynu.edu.cn [Department of Physics, Yunnan University, Kunming, 650091 (China)

    2014-06-13

    The effect of time delay on stochastic resonance of the stock prices in finance system was investigated. The time delay is introduced into the Heston model driven by the extrinsic and intrinsic periodic information for stock price. The signal power amplification (SPA) was calculated by numerical simulation. The results indicate that an optimal critical value of delay time maximally enhances the reverse-resonance in the behaviors of SPA as a function of long-run variance of volatility or cross correlation coefficient between noises for both cases of intrinsic and extrinsic periodic information. Moreover, in both cases, being a critical value in the delay time, when the delay time takes value below the critical value, reverse-resonance increases with the delay time increasing, however, when the delay time takes value above the critical value, the reverse-resonance decrease with the delay time increasing. - Highlights: • The effects of delay time on stochastic resonance of the stock prices was investigated. • There is an optimal critical value of delay time maximally enhances the reverse-resonance • The reverse-resonance increases with the delay time increasing as the delay time takes value below the critical value • The reverse-resonance decrease with the delay time increasing as the delay time takes value above the critical value.

  18. A Framework for Price Statistics

    OpenAIRE

    Kimberly D. Zieschang

    2000-01-01

    This paper describes the primary framework associating the four principal price indices in the system of economic statistics—the Producer Price Index (PPI), the Consumer Price Index (CPI), and the Export and Import Price Indices (XPI and MPI)—with the macroeconomic value aggregates they decompose into price and volume components. The paper begins by defining the basic algebra of price indices. It then discusses the definition of the value aggregates comprising the goods and services component...

  19. Price Based Local Power Distribution Management System (Local Power Distribution Manager) v1.0

    Energy Technology Data Exchange (ETDEWEB)

    2016-11-28

    A trans-active energy micro-grid controller is implemented in the VOLTTRON distributed control platform. The system uses the price of electricity as the mechanism for conducting transactions that are used to manage energy use and to balance supply and demand. In order to allow testing and analysis of the control system, the implementation is designed to run completely as a software simulation, while allowing the inclusion of selected hardware that physically manages power. Equipment to be integrated with the micro-grid controller must have an IP (Internet Protocol)-based network connection and a software "driver" must exist to translate data communications between the device and the controller.

  20. The Establishment,Calculation and Application of Benchmarking Housing Price System%基准房价体系的构建、测算及应用

    Institute of Scientific and Technical Information of China (English)

    李妍; 汪友结

    2013-01-01

    In order to improve the sufficiency of benchmarking housing price in housing market,we have developed the concept of benchmarking housing price from district to unit price and identified its connotation. As a result,we have established a multi-level benchmarking housing price system,unit to building to community to district. In this context,we have built a practical calculation model of benchmarking housing price by utilizing the mass appraisal and full coverage of statistical sampling techniques. Moreover, GIS technology is introduced to price calculation and to build the application platform. Therefore,this has provided a theoretical framework and practical experiences of benchmarking housing price system to other cities in China for further references.%  为有效改变当前我国房地产价格种类繁多但缺乏权威性基准价格的现状,在科学借鉴国内外先进实践经验的基础上,将“基准房价”概念从“片区价”升华至“一房一价”并明确界定其基本内涵,提出了“房屋基准价→楼栋基准价→楼盘基准价→片区基准价”的多层次基准房价体系;通过引入批量评估技术和全样本统计技术,构建真正意义上的基准房价测算模型--整体估价模型和全样本统计模型;深入探索并全面拓展基准房价体系的应用方法及应用领域,并运用 GIS 技术设计完成基准房价测算与应用平台,从而为我国各城市构建基准房价体系提供了可供借鉴的理论框架与实践参考。

  1. Ice Storage Air-Conditioning System Simulation with Dynamic Electricity Pricing: A Demand Response Study

    Directory of Open Access Journals (Sweden)

    Chi-Chun Lo

    2016-02-01

    Full Text Available This paper presents an optimal dispatch model of an ice storage air-conditioning system for participants to quickly and accurately perform energy saving and demand response, and to avoid the over contact with electricity price peak. The schedule planning for an ice storage air-conditioning system of demand response is mainly to transfer energy consumption from the peak load to the partial-peak or off-peak load. Least Squares Regression (LSR is used to obtain the polynomial function for the cooling capacity and the cost of power consumption with a real ice storage air-conditioning system. Based on the dynamic electricity pricing, the requirements of cooling loads, and all technical constraints, the dispatch model of the ice-storage air-conditioning system is formulated to minimize the operation cost. The Improved Ripple Bee Swarm Optimization (IRBSO algorithm is proposed to solve the dispatch model of the ice storage air-conditioning system in a daily schedule on summer. Simulation results indicate that reasonable solutions provide a practical and flexible framework allowing the demand response of ice storage air-conditioning systems to demonstrate the optimization of its energy savings and operational efficiency and offering greater energy efficiency.

  2. Optimality of cycle time and inventory decisions in a two echelon inventory system with exponential price dependent demand under credit period

    Science.gov (United States)

    Krugon, Seelam; Nagaraju, Dega

    2017-05-01

    This work describes and proposes an two echelon inventory system under supply chain, where the manufacturer offers credit period to the retailer with exponential price dependent demand. The model is framed as demand is expressed as exponential function of retailer’s unit selling price. Mathematical model is framed to demonstrate the optimality of cycle time, retailer replenishment quantity, number of shipments, and total relevant cost of the supply chain. The major objective of the paper is to provide trade credit concept from the manufacturer to the retailer with exponential price dependent demand. The retailer would like to delay the payments of the manufacturer. At the first stage retailer and manufacturer expressions are expressed with the functions of ordering cost, carrying cost, transportation cost. In second stage combining of the manufacturer and retailer expressions are expressed. A MATLAB program is written to derive the optimality of cycle time, retailer replenishment quantity, number of shipments, and total relevant cost of the supply chain. From the optimality criteria derived managerial insights can be made. From the research findings, it is evident that the total cost of the supply chain is decreased with the increase in credit period under exponential price dependent demand. To analyse the influence of the model parameters, parametric analysis is also done by taking with help of numerical example.

  3. ACCOUNTING ASPECTS OF PRICING AND TRANSFER PRICING

    OpenAIRE

    TÜNDE VERES

    2011-01-01

    The pricing methods in practice need really complex view of the business situation and depend on the strategy and market position of a company. The structure of a price seems simple: cost plus margin. Both categories are special area in the management accounting. Information about the product costs, the allocation methodologies in cost accounting, the analyzing of revenue and different level of the margin needs information from accounting system. This paper analyzes the pricing methods from m...

  4. Accounting Aspects of Pricing and Transfer Pricing

    OpenAIRE

    TÜNDE VERES

    2011-01-01

    The pricing methods in practice need really complex view of the business situation and depend on the strategy and market position of a company. The structure of a price seems simple: cost plus margin. Both categories are special area in the management accounting. Information about the product costs, the allocation methodologies in cost accounting, the analyzing of revenue and different level of the margin needs information from accounting system. This paper analyzes the pricing methods from m...

  5. Units of measure in clinical information systems.

    Science.gov (United States)

    Schadow, G; McDonald, C J; Suico, J G; Föhring, U; Tolxdorff, T

    1999-01-01

    The authors surveyed existing standard codes for units of measures, such as ISO 2955, ANSI X3.50, and Health Level 7's ISO+. Because these standards specify only the character representation of units, the authors developed a semantic model for units based on dimensional analysis. Through this model, conversion between units and calculations with dimensioned quantities become as simple as calculating with numbers. All atomic symbols for prefixes and units are defined in one small table. Huge permutated conversion tables are not required. This method is also simple enough to be widely implementable in today's information systems. To promote the application of the method the authors provide an open-source implementation of this method in JAVA. All existing code standards for units, however, are incomplete for practical use and require substantial changes to correct their many ambiguities. The authors therefore developed a code for units that is much more complete and free from ambiguities.

  6. Searching for Symbolic Value of Cattle: Tropical Livestock Units, Market Price, and Cultural Value of Maasai Livestock

    Directory of Open Access Journals (Sweden)

    Robert J. Quinlan

    2016-10-01

    Full Text Available We examine metabolic, market, and symbolic values of livestock relative to cultural “positioning” by gender, marriage, and household production among Maasai people in Simanjiro, Tanzania to assess local “proximate currencies” relevant for “cultural success.” Data from mixed methods ethnographic research include qualitative interviews since 2012, observation of 85 livestock market sales in 2013 and 2015, and 37 short key informant interviews in 2015. We examine fit between market values, Tropical Livestock Units (TLU, weight-based species exchange ratio, and perceived value from interviews for moran (unmarried men, muruo (married men, and tɔmɔnɔ́k (married women. Hedonic regression using livestock species, sex, maturity, and size accounted for 90% of the local market price of livestock. We compared the market-based exchange ratio between cattle and smallstock (sheep and goats to TLU and perceived values situating symbolic value of cattle in terms of Maasai household production schema. One TLU model accurately predicted market exchange ratios, while another predicted hypothetical exchanges, suggesting need for improved livestock wealth estimation for pastoralists. Ritual context, subsistence work, and cultural position influenced perceived values: Moran overvalued cattle by 100% of the local market value. Tɔmɔnɔ́k accurately perceived the market exchange ratio despite never directly engaging in livestock market transactions. Muruo perceived exchange ratios intermediate between moran and tɔmɔnɔ́k. We argue that these perceptions of value reflect distinct labor responsibilities of moran, muruo, and tɔmɔnɔ́k in livestock management, differential value of bridewealth, and control of meat and milk.Attention to value of different livestock species in cultural models of production may prove useful for development efforts.

  7. The vacuum impedance and unit systems

    CERN Document Server

    Kitano, M

    2006-01-01

    In electromagnetism, the vacuum impedance $Z_0$ is a universal constant, which is as important as the velocity of light $c$ in vacuum. Unfortunately, however, its significance does not seem to be appreciated so well and sometimes the presence itself is ignored. It is partly because in the Gaussian system of units, which has widely been used for long time, $Z_0$ is a dimensionless constant and of unit magnitude. In this paper, we clarify that $Z_0$ is a fundamental parameter in electromagnetism and plays major roles in the following scenes: reorganizing the structure of the electromagnetic formula in reference to the relativity; renormalizing the quantities toward natural unit systems starting from the SI unit system; and defining the magnitudes of electromagnetic units.

  8. Open Automated Demand Response Technologies for Dynamic Pricing and Smart Grid

    Energy Technology Data Exchange (ETDEWEB)

    Ghatikar, Girish; Mathieu, Johanna L.; Piette, Mary Ann; Kiliccote, Sila

    2010-06-02

    We present an Open Automated Demand Response Communications Specifications (OpenADR) data model capable of communicating real-time prices to electricity customers. We also show how the same data model could be used to for other types of dynamic pricing tariffs (including peak pricing tariffs, which are common throughout the United States). Customers participating in automated demand response programs with building control systems can respond to dynamic prices by using the actual prices as inputs to their control systems. Alternatively, prices can be mapped into"building operation modes," which can act as inputs to control systems. We present several different strategies customers could use to map prices to operation modes. Our results show that OpenADR can be used to communicate dynamic pricing within the Smart Grid and that OpenADR allows for interoperability with existing and future systems, technologies, and electricity markets.

  9. Do Photovoltaic Energy Systems Effect Residential Selling Prices? Results from a California Statewide Investigation.

    Energy Technology Data Exchange (ETDEWEB)

    Hoen, Ben; Cappers, Pete; Wiser, Ryan; Thayer, Mark

    2011-04-12

    An increasing number of homes in the U.S. have sold with photovoltaic (PV) energy systems installed at the time of sale, yet relatively little research exists that provides estimates of the marginal impacts of those PV systems on home sale prices. This research analyzes a large dataset of California homes that sold from 2000 through mid-2009 with PV installed. We find strong evidence that homes with PV systems sold for a premium over comparable homes without PV systems during this time frame. Estimates for this premium expressed in dollars per watt of installed PV range, from roughly $4 to $6.4/watt across the full dataset, to approximately $2.3/watt for new homes, to more than $6/watt for existing homes. A number of ideas for further research are suggested.

  10. Internet resource pricing models

    CERN Document Server

    Xu, Ke; He, Huan

    2013-01-01

    This brief guides the reader through three basic Internet resource pricing models using an Internet cost analysis. Addressing the evolution of service types, it presents several corresponding mechanisms which can ensure pricing implementation and resource allocation. The authors discuss utility optimization of network pricing methods in economics and underline two classes of pricing methods including system optimization and entities' strategic optimization. The brief closes with two examples of the newly proposed pricing strategy helping to solve the profit distribution problem brought by P2P

  11. The Impact of Energy Price Decline on China's Energy-Economy-Environment System Variables Using a CGE Model

    DEFF Research Database (Denmark)

    Guo, Zhengquan; Wang, Daojuan; Chen, Chong

    , crude oil and total energy, including the related downstream energy products. Demand for natural gas, thermal power and clean power will decline. CO2 emissions and the carbon emission intensity per unit of GDP will remarkably increase, and the need for energy-saving and emissions-reduction will be even...... of the coal price or of the coal and crude oil prices will lead to different degrees of impact on nominal and real macroeconomic variables. However, the real GDP will increase by a certain degree due to the decline of production costs....

  12. 2010 United States Automatic Identification System Database

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — The 2010 United States Automatic Identification System Database contains vessel traffic data for planning purposes within the U.S. coastal waters. The database is...

  13. 2014 United States Automatic Identification System Database

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — The 2014 United States Automatic Identification System Database contains vessel traffic data for planning purposes within the U.S. coastal waters. The database is...

  14. 2009 United States Automatic Identification System Database

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — The 2009 United States Automatic Identification System Database contains vessel traffic data for planning purposes within the U.S. coastal waters. The database is...

  15. 2011 United States Automatic Identification System Database

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — The 2011 United States Automatic Identification System Database contains vessel traffic data for planning purposes within the U.S. coastal waters. The database is...

  16. 2012 United States Automatic Identification System Database

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — The 2012 United States Automatic Identification System Database contains vessel traffic data for planning purposes within the U.S. coastal waters. The database is...

  17. Modeling the return and volatility of the Greek electricity marginal system price

    Energy Technology Data Exchange (ETDEWEB)

    Theodorou, Petros [Department of Economics, Athens University of Economics and Business, 76, Patission Street, 104 34 Athens (Greece); Karyampas, Dimitrios [School of Economics, Mathematics and Statistics, Birkbeck, University of London (United Kingdom)

    2008-07-15

    Traditional cost based optimization models (WASP) for expansion planning do not allow for mark-to-market valuation and cannot satisfy arbitrage free requirements. This work will fill this gap by developing and estimating models for mark-to-market valuation. Furthermore the present paper examines the return and volatility of the newly born Greek's electricity market's marginal system price. A detailed description of the market mechanism and regulation is used to describe how prices are determined in order to proceed with return and volatility modeling. Continuous time mean reverting and time varying mean reverting stochastic processes have been solved in discrete time processes and estimated econometrically along with ARMAX and GARCH models. It was found that GARCH model gave much better estimation and forecasting ability. Strong persistence in mean has been found giving suspicions of market inefficiency and strong incentives for arbitrage opportunities. Finally, the change in the regulatory framework has been controlled and found to have significant impact. (author)

  18. How volatilities nonlocal in time affect the price dynamics in complex financial systems.

    Science.gov (United States)

    Tan, Lei; Zheng, Bo; Chen, Jun-Jie; Jiang, Xiong-Fei

    2015-01-01

    What is the dominating mechanism of the price dynamics in financial systems is of great interest to scientists. The problem whether and how volatilities affect the price movement draws much attention. Although many efforts have been made, it remains challenging. Physicists usually apply the concepts and methods in statistical physics, such as temporal correlation functions, to study financial dynamics. However, the usual volatility-return correlation function, which is local in time, typically fluctuates around zero. Here we construct dynamic observables nonlocal in time to explore the volatility-return correlation, based on the empirical data of hundreds of individual stocks and 25 stock market indices in different countries. Strikingly, the correlation is discovered to be non-zero, with an amplitude of a few percent and a duration of over two weeks. This result provides compelling evidence that past volatilities nonlocal in time affect future returns. Further, we introduce an agent-based model with a novel mechanism, that is, the asymmetric trading preference in volatile and stable markets, to understand the microscopic origin of the volatility-return correlation nonlocal in time.

  19. How volatilities nonlocal in time affect the price dynamics in complex financial systems.

    Directory of Open Access Journals (Sweden)

    Lei Tan

    Full Text Available What is the dominating mechanism of the price dynamics in financial systems is of great interest to scientists. The problem whether and how volatilities affect the price movement draws much attention. Although many efforts have been made, it remains challenging. Physicists usually apply the concepts and methods in statistical physics, such as temporal correlation functions, to study financial dynamics. However, the usual volatility-return correlation function, which is local in time, typically fluctuates around zero. Here we construct dynamic observables nonlocal in time to explore the volatility-return correlation, based on the empirical data of hundreds of individual stocks and 25 stock market indices in different countries. Strikingly, the correlation is discovered to be non-zero, with an amplitude of a few percent and a duration of over two weeks. This result provides compelling evidence that past volatilities nonlocal in time affect future returns. Further, we introduce an agent-based model with a novel mechanism, that is, the asymmetric trading preference in volatile and stable markets, to understand the microscopic origin of the volatility-return correlation nonlocal in time.

  20. ADVANTAGES OF AN INFORMATION SYSTEM MONITORING AND STOCKS AGRICULTURAL PRICES. CASE STUDY – ROSIM

    Directory of Open Access Journals (Sweden)

    Elena COFAS

    2013-01-01

    Full Text Available Abstract agricultural policy in our country is based on information dispersed, especially because there is no centralized monitoring system, who to provide reliable information, while the agricultural and food market is experiencing a general feeling of instability - basically, it consists of channels and a dysfunctional organizational structure, based on communication systems do not operate in real time.. An integrated on-line monitoring of prices of agricultural products is of great interest due to the integration of computer technology (communications and agricultural sciences, based on specific concepts: client / server architecture, the integrated platform software, decision support, database distributed relational distance communication through the web, object oriented programming, mathematical modeling, interactivity etc..

  1. 公路工程变更中如何确定变更单价%How to determine alteration unit price in highway engineering change

    Institute of Scientific and Technical Information of China (English)

    贾勇

    2012-01-01

    Based on brief introduction on the definition and type of engineering change,according to many years' highway construction management experience,starting from the aspect of engineering management,the paper summarizes the alteration unit price determining principle of engineering change,and explores the pricing method of engineering change,which has provided guarantee for accurately and effectively controlling total engineering cost.%在简单介绍工程变更的定义和类型的基础上,根据多年的公路建设管理经验,从工程管理角度出发,归纳了工程变更单价确定的原则,探讨了工程变更的定价方法,为准确、有效地控制工程总造价提供了保障。

  2. Price Elasticity of Demand and Capacity-Restraint Transit Fare Strategy: A Case Study of Bangkok Mass Transit System

    Directory of Open Access Journals (Sweden)

    Ackchai Sirikijpanichkul

    2015-01-01

    Full Text Available Traffic congestion is a chronic problem of Bangkok. Similar to other metropolises, the city perpetually seeks for alternatives to road travel. Mass rapid transit seems to be the only way out that is expected to mitigate traffic congestion in the city. However, without common fare system, travelers need to pay an initial entrance fee every time they enter each transit system. This excess cost tapers the demand and affects the efficient use of the system. This research investigates the influence of fare price on transit use which is measured by price elasticity of demand and proposes the optimum fare price if the common fare is used. The analysis is based on the findings from the stated preference survey techniques. Finally, the conclusion on fare level that encourage more patronage, maintain service quality and operator revenue is addressed.

  3. Impact of sustained low oil prices on China's oil & gas industry system and coping strategies

    Directory of Open Access Journals (Sweden)

    Jianjun Chen

    2016-05-01

    Full Text Available The global sustained low oil prices have a significant impact on China's oil and gas industry system and the national energy security. This paper aims to find solutions in order to guarantee the smooth development of China's oil and gas industry system and its survival in such a severe environment. First, the origins of sustained low oil prices were analyzed. Then, based on those published data from IEA, government and some other authorities, this study focused on the development status, energy policies and the future developing trend of those main oil & gas producing countries. Investigations show that the low-price running is primarily contributed to the so-called oil and gas policies in the USA. It is predicted that national petroleum consumption will reach up to 6.0 × 108 t (oil & 3300 × 108 m3 (gas in 2020 and 6.8 × 108 t (oil & 5200 × 108 m3 (gas in 2030. For reducing the dependence on foreign oil and gas, the investment in the upstream of oil and gas industry should be maintained and scientific research should be intensified to ensure the smooth operation of the oil and gas production system. Considering China's national energy security strategy, the following suggestions were proposed herein. First, ensure that in China the yearly oil output reaches 2 × 108 t, while natural gas yield will be expected to be up to 2700 × 108 m3 in 2030, both of which should become the “bottom line” in the long term. Second, focus on the planning of upstream business with insistence on risk exploration investment, scientific and technological innovation and pilot area construction especially for low-permeability tight oil & gas, shale oil & gas reservoir development techniques. Third, encourage the in-depth reform and further growth especially in the three major state-owned oil & gas companies under adverse situations, and create more companies competent to offer overseas technical services by taking the opportunity of the

  4. Design and Realization of a Benchmark House Prices Releasing Information System Based on WebGIS%基于WebGIS的基准房价信息发布系统设计

    Institute of Scientific and Technical Information of China (English)

    程明华; 贾泽露; 徐汉明

    2013-01-01

    The benchmark house prices refers to market feature prices of real estate per unit area of the same type of land use and which take the parcellland as unit, the purpose of building the benchmark house prices is to disclose real estate price system comprehensively, timely and quantitatively and accurate. Benchmark house prices research can provide a reference basis for the government to formulate price of policy house, rent standard, land demolition compensation standard, real estate tax collection, etc., at the same time also can provide price guide to the real estate consumer for the common people. Given the significance of the benchmark house prices research, the author summarizes the concept, connotation, characteristics and related theory and technology status of its information release both at home and abroad, on the basis of it to design and implement a benchmark house prices information release system based on WebGIS technology, after commissioning, the user can quick and accurate query benchmark house prices in study area and its corresponding space information through the system.%基准房价是指以宗地为单位、同种用地类型的房地产单位面积的市场特征价格,构建基准房价的目的在于全面、及时、定量、准确地披露房地产价格体系。基准房价的研究可以为政府制定政策性住房售价、租金标准、征地拆迁补偿标准、房地产税费征收等提供参考依据,同时也可以为普通民众的房地产消费提供价格指导。鉴于基准房价研究的重要意义,在总结国内外基准房价概念、内涵、特点及其信息发布相关理论和技术现状的基础上,设计实现了一个基于WebGIS技术基准房价信息发布系统,经过试运行,用户可以通过该系统快速准确地查询研究区域内的基准房价及其相对应的空间信息。

  5. Convergence of metropolitan house prices in South Africa: a re-examination using efficient unit root tests

    CSIR Research Space (South Africa)

    Das, Sonali

    2010-01-01

    Full Text Available This paper analyzes whether the Law of One Price (LOOP) holds in the housing market of five metropolitan areas of South Africa, namely Cape Town, Durban, Greater Johannesburg, Port Elizabeth/Uitenhage and Pretoria. The authors test the existence...

  6. Comment on G.E. Mizon, Modelling relative price variability and aggregate inflation in the United Kingdom

    NARCIS (Netherlands)

    H.K. van Dijk (Herman)

    1991-01-01

    textabstractComments on an article on the modelling of relative price variability and aggregate inflation in Great Britain. Advantage of the general to specific modeling approach; Steps in the analysis of macroeconomic time series; Information on the PC-GIVE menu-driven program.

  7. A decision support system for crew planning in passenger transportation using a flexible branch-and-price algorithm

    NARCIS (Netherlands)

    R. Freling (Richard); R.M. Lentink (Ramon); A.P.M. Wagelmans (Albert)

    2001-01-01

    textabstractThis paper discusses a decision support system for airline and railway crew planning. The system is a state-of-the-art branch-and-price solver that is used for crew scheduling and crew rostering. We briefly discuss the mathematical background of the solver, of which most part is covered

  8. Stackelberg Network Pricing Games

    CERN Document Server

    Briest, Patrick; Krysta, Piotr

    2008-01-01

    We study a multi-player one-round game termed Stackelberg Network Pricing Game, in which a leader can set prices for a subset of $m$ priceable edges in a graph. The other edges have a fixed cost. Based on the leader's decision one or more followers optimize a polynomial-time solvable combinatorial minimization problem and choose a minimum cost solution satisfying their requirements based on the fixed costs and the leader's prices. The leader receives as revenue the total amount of prices paid by the followers for priceable edges in their solutions, and the problem is to find revenue maximizing prices. Our model extends several known pricing problems, including single-minded and unit-demand pricing, as well as Stackelberg pricing for certain follower problems like shortest path or minimum spanning tree. Our first main result is a tight analysis of a single-price algorithm for the single follower game, which provides a $(1+\\epsilon) \\log m$-approximation for any $\\epsilon >0$. This can be extended to provide a ...

  9. Accounting for the effects of power system controllers and stability on power dispatch and electricity market prices

    Science.gov (United States)

    Kodsi, Sameh K. M.

    Recently, the widespread use of power system controllers, such as PSS and FACTS controllers, has led to the analysis of their effect on the overall stability of power systems. Many studies have been conducted to allocate FACTS controllers so that they achieve optimal power flow conditions in the context of Optimal Power Flow (OPF) analysis. However, these studies usually do not examine the effect of these controllers on the voltage and angle stability of the entire system, considering that the types of these controllers and their control signals, such as reactive power, current, or voltage, have significant effect on the entire system stability. Due to the recent transition from government controlled to deregulated electricity markets, the relationship between power system controllers and electricity markets has added a new dimension, as the effect of these controllers on the overall power system stability has to be seen from an economic point of view. Studying the effect of adding and tuning these controllers on the pricing of electricity within the context of electricity markets is a significant and novel research area. Specifically, the link among stability, FACTS controllers and electricity pricing should be appropriately studied and modelled. Consequently, in this thesis, the focus is on proposing and describing of a novel OPF technique which includes a new stability constraint. This technique is compared with respect to existent OPF techniques, demonstrating that it provides an appropriate modelling of system controllers, and thus a better understanding of their effects on system stability and energy pricing. The proposed OPF technique offers a new methodology for pricing the dynamic services provided by the system's controllers. Moreover, the new OPF technique can be used to develop a novel tuning methodology for PSS and FACTS controllers to optimize power dispatch and price levels, as guaranteeing an adequate level of system security. All tests and

  10. Voith power transmission systems in diesel multiple units and railcars. A review on recent developments

    Energy Technology Data Exchange (ETDEWEB)

    Paetzold, W. [Voith Turbo GmbH und Co. KG, Heidenheim (Germany). Rail Div.

    1999-04-01

    Voith today offers complete transmission systems consisting of hydrodynamic and hydromechanical transmissions with integrated retarders, cardan shafts, final drives and cooling units. For DMUs with underfloor powerpacks, the hydrodynamic power transmission system currently is the pre-eminent drive system worldwide and meets the established standards for rail service, i.e. high availability, low operating costs and a reasonable purchasing price. In this article, the author describes Voith`s contribution to the further development of these transmission systems in several modern dieselhydraulic railcars and DMUs for regional and main-line operations. (orig.)

  11. How might the alcohol minimum unit pricing (MUP) impact upon local off-sales shops and the communities which they serve?

    Science.gov (United States)

    Forsyth, Alasdair J M; Ellaway, Anne; Davidson, Neil

    2014-01-01

    The aim of the study was to assess the likely impact of the Scottish Government's proposed alcohol minimum unit pricing (MUP) policy on community off-sales outlets (convenience stores or corner shops), and, in turn, on the local people who purchase drinks at such premises. This research adds to our knowledge by linking sales of alcohol products which will be affected by MUP (e.g. at the proposed 50 ppu) to the types of communities where these are the 'drinks-of-choice'. A survey of independent community off-sales operating within the city of Glasgow, Scotland (n = 271) returned 144 completed questionnaires enquiring about each shop's customer base, best-selling alcohol products and participating shopkeepers' views on MUP. Responses were measured against current alcohol product prices (i.e. whether potentially affected by MUP) and local levels of socio-economic deprivation. Participating shopkeepers were divided in their support for MUP, although more were in favour than against. Support for MUP tended to be rooted in business concerns. A majority reported having at least one best-selling alcohol product which will be affected by the proposed MUP policy at current prices, with the beverages that would be most affected (e.g. white cider) tending to be best-sellers at shops serving deprived communities. MUP is likely to impact most in socio-economically deprived communities. This is also where alcohol-related health and other inequalities are currently greatest.

  12. Price Discrimination

    OpenAIRE

    Armstrong, Mark

    2008-01-01

    This paper surveys recent economic research on price discrimination, both in monopoly and oligopoly markets. Topics include static and dynamic forms of price discrimination, and both final and input markets are considered. Potential antitrust aspects of price discrimination are highlighted throughout the paper. The paper argues that the informational requirements to make accurate policy are very great, and with most forms of price discrimination a laissez-faire policy may be the best availabl...

  13. Medium and Long Term Crude Oil Price Outlook: Economic research on shale oil and gas production behavior in the United States (Japanese)

    OpenAIRE

    2015-01-01

    It has been pointed out that the steep fall in crude oil prices after the latter half of 2014 has been strongly affected by both demand side factors such as the slowdown of world economic growth and supply side factors such as a massive increase in shale oil production in the United States and other structural factors. Shale oil and gas production is well known for its different aspects compared to conventional oil and gas production such as differences in oil and gas reserves, differences in...

  14. Evaluation of policy options to reform the EU Emissions Trading System. Effects on carbon price, emissions and the economy

    Energy Technology Data Exchange (ETDEWEB)

    Verdonk, M.; Brink, C.; Vollebergh, H.; Roelfsema, M.

    2013-04-15

    The EU Emissions Trading System (EU ETS) is a key instrument of EU climate policy, providing a clear reduction pathway for CO2 emissions. The current carbon price (of about 3 euros per tonne of CO2, April 2013) is much lower than previously expected (which was around 30 euros) and is likely to remain low for a long time. This fuels doubts about whether the ETS will remain a key policy instrument in the long term. Such doubts also increase investment uncertainty, which is likely to have a negative impact on further investments in low-carbon technologies needed for a low-carbon economy in 2050. In November 2012, the European Commission put forward six options for a more structural reform of the EU ETS. The proposed options vary from reducing the cap and expanding the ETS to include other sectors, to strengthening the ETS by measures directly affecting allowance prices. The Dutch Ministry of Infrastructure and the Environment (IenM) asked the PBL Netherlands Environmental Assessment Agency to assess the impact of these options. Four categories of options for reforming the ETS were evaluated: (1) reducing the supply of emission allowances; (2) expanding the ETS by including other sectors; (3) a minimum price for auctioned allowances; and (4) combining ETS with a carbon tax. Recently, the European Parliament voted against the European Commission's proposal to temporarily set aside emission allowances. In an earlier assessment of this proposal, PBL concluded that the impact of this backloading proposal on CO2 prices is likely to be limited, because the total amount of allowances up to 2020 would remain unchanged. All options analysed would reduce emissions and cause the emission price to increase. A minimum price on carbon, however, would provide the best opportunity to make the ETS more robust against unforeseen events, such as a further deterioration of the economy. Such a minimum price would result in more emission reductions if abatement proves to be cheaper

  15. Transfer Pricing

    DEFF Research Database (Denmark)

    Nielsen, Søren Bo

    2014-01-01

    Against a background of rather mixed evidence about transfer pricing practices in multinational enterprises (MNEs) and varying attitudes on the part of tax authorities, this paper explores how multiple aims in transfer pricing can be pursued across four different transfer pricing regimes. A MNE h...

  16. Deconstructing Solar Photovoltaic Pricing: The Role of Market Structure, Technology, and Policy

    Energy Technology Data Exchange (ETDEWEB)

    Gillingham, Kenneth [Yale Univ., New Haven, CT (United States); Deng, Hao [Yale Univ., New Haven, CT (United States); Wiser, Ryan [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Darghouth, Naim [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Nemet, Gregory [Univ. of Wisconsin, Madison, WI (United States); Barbose, Galen [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Rai, Varun [Univ. of Texas, Austin, TX (United States); Dong, C. G. [Univ. of Texas, Austin, TX (United States)

    2014-12-15

    Solar photovoltaic (PV) system prices in the United States display considerable heterogeneity both across geographic locations and within a given location. Such heterogeneity may arise due to state and federal policies, differences in market structure, and other factors that influence demand and costs. This paper examines the relative importance of such factors on equilibrium solar PV system prices in the United States using a detailed dataset of roughly 100,000 recent residential and small commercial installations. As expected, we find that PV system prices differ based on characteristics of the systems. More interestingly, we find evidence suggesting that search costs and imperfect competition affect solar PV pricing. Installer density substantially lowers prices, while regions with relatively generous financial incentives for solar PV are associated with higher prices.

  17. Unit 127 - Spatial Decision Support Systems

    OpenAIRE

    064, CC in GIScience; Malczewski, Jacek; Keller, C Peter

    2000-01-01

    This unit focuses on the concept of Spatial Decision Support Systems (SDSS). It covers the major characteristics of spatial decision problems; the decision-making process; a definition of SDSS; principles of SDSS; the dialog, data, model (DDM) paradigm; and technologies for developing SDSS.

  18. A Meta-analysis of the Price Elasticity of Gasoline Demand. A System of Equations Approach

    NARCIS (Netherlands)

    Brons, Martijn; Nijkamp, Peter; Pels, Eric; Rietveld, Piet

    2006-01-01

    Automobile gasoline demand can be expressed as a multiplicative function of fuel efficiency, mileage per car and car ownership. This implies a linear relationship between the price elasticity of total fuel demand and the price elasticities of fuel efficiency, mileage per car and car ownership. In th

  19. A Meta-analysis of the Price Elasticity of Gasoline Demand. A System of Equations Approach

    NARCIS (Netherlands)

    Brons, Martijn; Nijkamp, Peter; Pels, Eric; Rietveld, Piet

    2006-01-01

    Automobile gasoline demand can be expressed as a multiplicative function of fuel efficiency, mileage per car and car ownership. This implies a linear relationship between the price elasticity of total fuel demand and the price elasticities of fuel efficiency, mileage per car and car ownership. In th

  20. Interdependencies in the energy-bioenergy-food price systems: A cointegration analysis

    Energy Technology Data Exchange (ETDEWEB)

    Ciaian, Pavel; Kancs, d' Artis [European Commission (DG Joint Research Centre), Catholic University of Leuven (LICOS), and Economics and Econometrics Research Institute (EERI), B-1049 Brussels (Belgium)

    2011-01-15

    The present paper studies the interdependencies between the energy, bioenergy and food prices. We develop a vertically integrated multi-input, multi-output market model with two channels of price transmission: a direct biofuel channel and an indirect input channel. We test the theoretical hypothesis by applying time-series analytical mechanisms to nine major traded agricultural commodity prices, including corn, wheat, rice, sugar, soybeans, cotton, banana, sorghum and tea, along with one weighted average world crude oil price. The data consists of 783 weekly observations extending from January 1994 to December 2008. The empirical findings confirm the theoretical hypothesis that the prices for crude oil and agricultural commodities are interdependent including also commodities not directly used in bioenergy production: an increase in oil price by 1 $/barrel increases the agricultural commodity prices between 0.10 $/tonne and 1.80 $/tonne. Contrary to the theoretical predictions, the indirect input channel of price transmission is found to be small and statistically insignificant. (author)

  1. Optimal core acquisition and pricing strategies for hybrid manufacturing and remanufacturing systems

    NARCIS (Netherlands)

    Caner Bulmus, Serra; Zhu, Stuart X.; Teunter, Ruud H.

    2014-01-01

    In this study, we combine two aspects of remanufacturing, namely product acquisition management and marketing (pricing) of the remanufactured products. We consider an original equipment manufacturer (OEM) who decides on the acquisition prices offered for returns from different quality types and on s

  2. Optimal core acquisition and pricing strategies for hybrid manufacturing and remanufacturing systems

    NARCIS (Netherlands)

    Caner Bulmus, Serra; Zhu, Stuart X.; Teunter, Ruud H.

    2014-01-01

    In this study, we combine two aspects of remanufacturing, namely product acquisition management and marketing (pricing) of the remanufactured products. We consider an original equipment manufacturer (OEM) who decides on the acquisition prices offered for returns from different quality types and on s

  3. A Meta-analysis of the Price Elasticity of Gasoline Demand. A System of Equations Approach

    NARCIS (Netherlands)

    Brons, Martijn; Nijkamp, Peter; Pels, Eric; Rietveld, Piet

    2006-01-01

    Automobile gasoline demand can be expressed as a multiplicative function of fuel efficiency, mileage per car and car ownership. This implies a linear relationship between the price elasticity of total fuel demand and the price elasticities of fuel efficiency, mileage per car and car ownership. In

  4. Study on Comparison of Bidding and Pricing Behavior Distinction between Estimate Methods

    Science.gov (United States)

    Morimoto, Emi; Namerikawa, Susumu

    The most characteristic trend on bidding and pricing behavior distinction in recent years is the increasing number of bidders just above the criteria for low-price bidding investigations. The contractor's markup is the difference between the bidding price and the execution price. Therefore, the contractor's markup is the difference between criteria for low-price bidding investigations price and the execution price in the public works bid in Japan. Virtually, bidder's strategies and behavior have been controlled by public engineer's budgets. Estimation and bid are inseparably linked in the Japanese public works procurement system. The trial of the unit price-type estimation method begins in 2004. On another front, accumulated estimation method is one of the general methods in public works. So, there are two types of standard estimation methods in Japan. In this study, we did a statistical analysis on the bid information of civil engineering works for the Ministry of Land, Infrastructure, and Transportation in 2008. It presents several issues that bidding and pricing behavior is related to an estimation method (several estimation methods) for public works bid in Japan. The two types of standard estimation methods produce different results that number of bidders (decide on bid-no bid strategy) and distribution of bid price (decide on mark-up strategy).The comparison on the distribution of bid prices showed that the percentage of the bid concentrated on the criteria for low-price bidding investigations have had a tendency to get higher in the large-sized public works by the unit price-type estimation method, comparing with the accumulated estimation method. On one hand, the number of bidders who bids for public works estimated unit-price tends to increase significantly Public works estimated unit-price is likely to have been one of the factors for the construction companies to decide if they participate in the biddings.

  5. Effects of the uncertainty of energy price and water availability forecasts on the operation of Alpine hydropower reservoir systems

    Science.gov (United States)

    Anghileri, D.; Castelletti, A.; Burlando, P.

    2016-12-01

    European energy markets have experienced dramatic changes in the last years because of the massive introduction of Variable Renewable Sources (VRSs), such as wind and solar power sources, in the generation portfolios in many countries. VRSs i) are intermittent, i.e., their production is highly variable and only partially predictable, ii) are characterized by no correlation between production and demand, iii) have negligible costs of production, and iv) have been largely subsidized. These features result in lower energy prices, but, at the same time, in increased price volatility, and in network stability issues, which pose a threat to traditional power sources because of smaller incomes and higher maintenance costs associated to a more flexible operation of power systems. Storage hydropower systems play an important role in compensating production peaks, both in term of excess and shortage of energy. Traditionally, most of the research effort in hydropower reservoir operation has focused on modeling and forecasting reservoir inflow as well as designing reservoir operation accordingly. Nowadays, price variability may be the largest source of uncertainty in the context of hydropower systems, especially when considering medium-to-large reservoirs, whose storage can easily buffer small inflow fluctuations. In this work, we compare the effects of uncertain inflow and energy price forecasts on hydropower production and profitability. By adding noise to historic inflow and price trajectories, we build a set of synthetic forecasts corresponding to different levels of predictability and assess their impact on reservoir operating policies and performances. The study is conducted on different hydropower systems, including storage systems and pumped-storage systems, with different characteristics, e.g., different inflow-capacity ratios. The analysis focuses on Alpine hydropower systems where the hydrological regime ranges from purely ice and snow-melt dominated to mixed snow

  6. Pricing and reimbursement experiences and insights in the European Union and the United States: Lessons learned to approach adaptive payer pathways.

    Science.gov (United States)

    Faulkner, S D; Lee, M; Qin, D; Morrell, L; Xoxi, E; Sammarco, A; Cammarata, S; Russo, P; Pani, L; Barker, R

    2016-12-01

    Earlier patient access to beneficial therapeutics that addresses unmet need is one of the main requirements of innovation in global healthcare systems already burdened by unsustainable budgets. "Adaptive pathways" encompass earlier cross-stakeholder engagement, regulatory tools, and iterative evidence generation through the life cycle of the medicinal product. A key enabler of earlier patient access is through more flexible and adaptive payer approaches to pricing and reimbursement that reflect the emerging evidence generated. © 2016 American Society for Clinical Pharmacology and Therapeutics.

  7. Possibility of controlling nonregulated prices in the electricity market by means of varying the parameters of a power system

    Science.gov (United States)

    Vaskovskaya, T. A.

    2014-12-01

    This paper offers a new approach to the analysis of price signals from the wholesale electricity and capacity market that is based on the analysis of the influence exerted by input data used in the problem of optimization of the power system operating conditions, namely: parameters of a power grid and power-receiving equipment that might vary under the effect of control devices. It is shown that it would be possible to control nonregulated prices for electricity in the wholesale electricity market by varying the parameters of control devices and energy-receiving equipment. An increase in the effectiveness of power transmission and the cost-effective use of fuel-and-energy resources (energy saving) can become an additional effect of controlling the nonregulated prices.

  8. Residential on site solar heating systems: a project evaluation using the capital asset pricing model

    Energy Technology Data Exchange (ETDEWEB)

    Schutz, S.R.

    1978-12-01

    An energy source ready for immediate use on a commercial scale is solar energy in the form of On Site Solar Heating (OSSH) systems. These systems collect solar energy with rooftop panels, store excess energy in water storage tanks and can, in certain circumstances, provide 100% of the space heating and hot water required by the occupants of the residential or commercial structure on which the system is located. Such systems would take advantage of a free and inexhaustible energy source--sunlight. The principal drawback of such systems is the high initial capital cost. The solution would normally be a carefully worked out corporate financing plan. However, at the moment it is individual homeowners and not corporations who are attempting to finance these systems. As a result, the terms of finance are excessively stringent and constitute the main obstacle to the large scale market penetration of OSSH. This study analyzes the feasibility of OSSH as a private utility investment. Such systems would be installed and owned by private utilities and would displace other investment projects, principally electric generating plants. The return on OSSH is calculated on the basis of the cost to the consumer of the equivalent amount of electrical energy that is displaced by the OSSH system. The hurdle rate for investment in OSSH is calculated using the Sharpe--Lintner Capital Asset Pricing Model. The results of this study indicate that OSSH is a low risk investment having an appropriate hurdle rate of 7.9%. At this rate, OSSH investment appears marginally acceptable in northern California and unambiguously acceptable in southern California. The results also suggest that utility investment in OSSH should lead to a higher degree of financial leverage for utility companies without a concurrent deterioration in the risk class of utility equity.

  9. Impact of optimal load response to real-time electricity price on power system constraints in Denmark

    DEFF Research Database (Denmark)

    Hu, Weihao; Chen, Zhe; Bak-Jensen, Birgitte

    2010-01-01

    and may represent the future of electricity markets in some ways, is chosen as the studied power system in this paper. A distribution system where wind power capacity is 126% of maximum loads is chosen as the study case. This paper presents a nonlinear load optimization method to real-time power price...... for demand side management in order to save the energy costs as much as possible. Simulation results show that the optimal load response to a real-time electricity price has some good impacts on power system constraints in a distribution system with high wind power penetrations....... for demand side management generates different load profiles and may have some impacts on power system constraints, such as voltage limits and capacity limits. The western Danish power system, which is currently the grid area in the world that has the largest share of wind power in its generation profiles...

  10. FORMATION OF EXPENSES AND CALCULATION OF COST PRICE LIVESTOCK PRODUCTS IN MANAGEMENT ACCOUNTING SYSTEM

    Directory of Open Access Journals (Sweden)

    Azieva Z. I.

    2016-09-01

    Full Text Available In order to effectively manage the organization senior managers need information on the performance of the centers of responsibility and profitability of major products. Therefore, the leadership task is to select a cost accounting system, which would provide the information needed to assess economic performance and management of the various departments. In the article, we consider the concept of methods of calculation of the cost price of livestock products by a direct-costing system, its feature, rationality and also shortcomings and dignity in current economic conditions. Based on the theoretical literature of national scientists on the overhead allocation methods, the authors developed the stages of distribution of indirect expenses between the objects of calculation. Based on the data of "Nezamaevskoe" we specify the composition and structure of costs in dairy farming that improve analytic accounting, and on this basis the validity of management decisions; a classification of costs underlying the modeling of accounting management. The authors proposed a method of accounting of variable and fixed costs in accounting and reflected in the accounting system of marginal income, as well as recommendations to improve the organization of management accounting costs

  11. Intelligent monitoring system for intensive care units.

    Science.gov (United States)

    Nouira, Kaouther; Trabelsi, Abdelwahed

    2012-08-01

    We address in the present paper a medical monitoring system designed as a multi-agent based approach. Our system includes mainly numerous agents that act as correlated multi-agent sub-systems at the three layers of the whole monitoring infrastructure, to avoid non informative alarms and send effective alarms at time. The intelligence in the proposed monitoring system is provided by the use of time series technology. In fact, the capability of continuous learning of time series from the physiological variables allows the design of a system that monitors patients in real-time. Such system is a contrast to the classical threshold-based monitoring system actually present in the Intensive Care Units (ICUs) which causes a huge number of irrelevant alarms.

  12. Bulk energy storage increases United States electricity system emissions.

    Science.gov (United States)

    Hittinger, Eric S; Azevedo, Inês M L

    2015-03-03

    Bulk energy storage is generally considered an important contributor for the transition toward a more flexible and sustainable electricity system. Although economically valuable, storage is not fundamentally a "green" technology, leading to reductions in emissions. We model the economic and emissions effects of bulk energy storage providing an energy arbitrage service. We calculate the profits under two scenarios (perfect and imperfect information about future electricity prices), and estimate the effect of bulk storage on net emissions of CO2, SO2, and NOx for 20 eGRID subregions in the United States. We find that net system CO2 emissions resulting from storage operation are nontrivial when compared to the emissions from electricity generation, ranging from 104 to 407 kg/MWh of delivered energy depending on location, storage operation mode, and assumptions regarding carbon intensity. Net NOx emissions range from -0.16 (i.e., producing net savings) to 0.49 kg/MWh, and are generally small when compared to average generation-related emissions. Net SO2 emissions from storage operation range from -0.01 to 1.7 kg/MWh, depending on location and storage operation mode.

  13. Research on the Level of the Artiifcial Unit Price of the Budget of the Rural Land Renovation Project%关于农村土地整治项目预算人工单价水平研究

    Institute of Scientific and Technical Information of China (English)

    陈多多; 卫学众

    2015-01-01

    随着农村土地整治事业的快速发展,农村土地整治项目已深入我国农村的各个角落,项目施工需要的农民工也越来越多,市场人工单价的快速增长与预算人工单价的相对稳定之间的矛盾越来越突出,本文从专业的角度对市场人工单价和预算人工单价进行全面的比较分析,并通过实证分析和与其它类似行业预算人工单价进行对比,得出现行的土地整治项目预算人工单价水平基本符合目前的社会经济发展水平,并对社会普遍反映的预算人工单价偏低的原因进行说明。%With the rapid development of rural land remediation business, rural land remediation projects has penetrated every corner of our countryside, project construction needs of migrant workers is also increasing, the conlfict between rapid growth of market aitiifcial unite price and relative stable aitificial budget unit price has become increasingly prominent. From the prospective of profession, the article comparative analysis the market artificial unit price and artificial budget uniti price, and empirical analysis and comparison with other similar industries' budget artiifcial unit price, obtaining the current land remediation project budget artificial unit price level in line with the current socio-economic development, and the reasons for the low artiifcial budget unit price relfected by the general society has been described.

  14. Paying for express checkout: competition and price discrimination in multi-server queuing systems.

    Directory of Open Access Journals (Sweden)

    Cary Deck

    Full Text Available We model competition between two firms selling identical goods to customers who arrive in the market stochastically. Shoppers choose where to purchase based upon both price and the time cost associated with waiting for service. One seller provides two separate queues, each with its own server, while the other seller has a single queue and server. We explore the market impact of the multi-server seller engaging in waiting cost-based-price discrimination by charging a premium for express checkout. Specifically, we analyze this situation computationally and through the use of controlled laboratory experiments. We find that this form of price discrimination is harmful to sellers and beneficial to consumers. When the two-queue seller offers express checkout for impatient customers, the single queue seller focuses on the patient shoppers thereby driving down prices and profits while increasing consumer surplus.

  15. Paying for express checkout: competition and price discrimination in multi-server queuing systems.

    Science.gov (United States)

    Deck, Cary; Kimbrough, Erik O; Mongrain, Steeve

    2014-01-01

    We model competition between two firms selling identical goods to customers who arrive in the market stochastically. Shoppers choose where to purchase based upon both price and the time cost associated with waiting for service. One seller provides two separate queues, each with its own server, while the other seller has a single queue and server. We explore the market impact of the multi-server seller engaging in waiting cost-based-price discrimination by charging a premium for express checkout. Specifically, we analyze this situation computationally and through the use of controlled laboratory experiments. We find that this form of price discrimination is harmful to sellers and beneficial to consumers. When the two-queue seller offers express checkout for impatient customers, the single queue seller focuses on the patient shoppers thereby driving down prices and profits while increasing consumer surplus.

  16. Leader-follower Game in VMI System with Limited Production Capacity Considering Wholesale and Retail Prices

    OpenAIRE

    Yu, Yugang; Liang, Liming; Huang, George

    2006-01-01

    textabstractVMI (Vendor Managed Inventory) is a widely used cooperative inventory policy in supply chains in which each enterprise has its autonomy in pricing. This paper discusses a leader-follower Stackelberg game in a VMI supply chain where the manufacturer, as a leader, produces a single product with a limited production capacity and delivers it at a wholesale price to multiple different retailers, as the followers, who then sell the product in dispersed and independent markets at retail ...

  17. Comparison of pharmaceutical pricing and reimbursement systems in Turkey and certain EU countries

    OpenAIRE

    Atikeler, Enver Kagan; Özçelikay, Gulbin

    2016-01-01

    Recently, the need for health care services has increased gradually and the limitations in sources allocated for this area have been recognized. Moving from this fact, it has gained a supreme importance to determine what health programs or technologies will be given priority. According to Danzon (Reference pricing: theory and evidence, reference pricing and pharmaceutical policy: perspectives on economics and innovation, springer, New York, pp 86–126, 2001), arrangements towards controlling t...

  18. Innovation and application on incentive system of coal mine selling price under falling price market circumstances%跌价市场环境下煤炭售价激励机制的创新与应用

    Institute of Scientific and Technical Information of China (English)

    郑丽红

    2015-01-01

    通过分析目前煤炭企业产品售价激励机制普遍存在的问题,对跌价市场环境下大型煤炭企业售价激励机制创新问题进行了研究和探讨,并以开滦集团公司售价激励机制创新为例,提出了“市场代表化、对标定奖罚”的煤炭产品售价激励机制的构建及应注意的问题。%According to analysis ubiquitous problems of current incentive system of coal mine selling price,the author studied and discussed innovation problems in incentive system of coal mine selling price under falling price market circumstances,at meanwhile,took incentive system innovation of selling price in Kailuan Group Co.,Ltd.as an example,provided building an selling price incentive system of coal products called "marketing representing & benchmarking reward and punishment" and also provided some problems that need to be paid attention.

  19. Implications for alcohol minimum unit pricing advocacy: what can we learn for public health from UK newsprint coverage of key claim-makers in the policy debate?

    Science.gov (United States)

    Hilton, Shona; Wood, Karen; Patterson, Chris; Katikireddi, Srinivasa Vittal

    2014-02-01

    On May 24th 2012, Scotland passed the Alcohol (Minimum Pricing) Bill. Minimum unit pricing (MUP) is an intervention that raises the price of the cheapest alcohol to reduce alcohol consumption and related harms. There is a growing literature on industry's influence in policymaking and media representations of policies, but relatively little about frames used by key claim-makers in the public MUP policy debate. This study elucidates the dynamic interplay between key claim-makers to identify lessons for policy advocacy in the media in the UK and internationally. Content analysis was conducted on 262 articles from seven UK and three Scottish national newspapers between 1st May 2011 and 31st May 2012, retrieved from electronic databases. Advocates' and critics' constructions of the alcohol problem and MUP were examined. Advocates depicted the problem as primarily driven by cheap alcohol and marketing, while critics' constructions focused on youth binge drinkers and dependent drinkers. Advocates justified support by citing the intervention's targeted design, but critics denounced the policy as illegal, likely to encourage illicit trade, unsupported by evidence and likely to be ineffective, while harming the responsible majority, low-income consumers and businesses. Critics' arguments were consistent over time, and single statements often encompassed multiple rationales. This study presents advocates with several important lessons for promoting policies in the media. Firstly, it may be useful to shift focus away from young binge drinkers and heavy drinkers, towards population-level over-consumption. Secondly, advocates might focus on presenting the policy as part of a wider package of alcohol policies. Thirdly, emphasis on the success of recent public health policies could help portray the UK and Scotland as world leaders in tackling culturally embedded health and social problems through policy; highlighting past successes when presenting future policies may be a valuable

  20. Thinking strategically about electricity pricing

    Energy Technology Data Exchange (ETDEWEB)

    Toulson, D. (Barakat and Chamberlin, Inc., Oakland, CA (United States))

    1992-12-01

    This report describes an approach by which utilities can view pricing from a strategic, market-oriented perspective. It begins by reviewing pricing practices found in private industry and develops a framework for utility rate design that incorporates both customer value and cost of service. A market intelligence system for gathering data relevant to pricing decisions is also briefly outlined.

  1. China’s Pricing Prowess

    Institute of Scientific and Technical Information of China (English)

    2009-01-01

    China adheres to a more flexible oil pricing mechanismBy ordering a hefty 9-percent price increase in gasoline and diesel, China is lending credibility to its pledges of a more market-oriented pricing system. The decision, announced by the National Development and Reform Commission

  2. Food Price Volatility and Decadal Climate Variability

    Science.gov (United States)

    Brown, M. E.

    2013-12-01

    The agriculture system is under pressure to increase production every year as global population expands and more people move from a diet mostly made up of grains, to one with more meat, dairy and processed foods. Weather shocks and large changes in international commodity prices in the last decade have increased pressure on local food prices. This paper will review several studies that link climate variability as measured with satellite remote sensing to food price dynamics in 36 developing countries where local monthly food price data is available. The focus of the research is to understand how weather and climate, as measured by variations in the growing season using satellite remote sensing, has affected agricultural production, food prices and access to food in agricultural societies. Economies are vulnerable to extreme weather at multiple levels. Subsistence small holders who hold livestock and consume much of the food they produce are vulnerable to food production variability. The broader society, however, is also vulnerable to extreme weather because of the secondary effects on market functioning, resource availability, and large-scale impacts on employment in trading, trucking and wage labor that are caused by weather-related shocks. Food price variability captures many of these broad impacts and can be used to diagnose weather-related vulnerability across multiple sectors. The paper will trace these connections using market-level data and analysis. The context of the analysis is the humanitarian aid community, using the guidance of the USAID Famine Early Warning Systems Network and the United Nation's World Food Program in their response to food security crises. These organizations have worked over the past three decades to provide baseline information on food production through satellite remote sensing data and agricultural yield models, as well as assessments of food access through a food price database. Econometric models and spatial analysis are used

  3. United Kingdom (Wales): Health system review.

    Science.gov (United States)

    Longley, Marcus; Riley, Neil; Davies, Paul; Hernandez-Quevedo, Cristina

    2012-01-01

    Wales is situated to the west of England, with a population of approximately 3 million (5% of the total for the United Kingdom), and a land mass of just over 20 000 km2. For several decades, Wales had a health system largely administered through the United Kingdom Governments Welsh Office, but responsibility for most aspects of health policy was devolved to Wales in a process beginning in 1999. Since then, differences between the policy approach and framework in England and Wales have widened. The internal market introduced in the United Kingdom National Health Service (NHS) has been abandoned in Wales, and seven local health boards (LHBs; supported by three specialist NHS trusts) now plan and provide all health services for their resident populations. Wales currently has more than 120 hospitals as part of an overall estate valued at 2.3 billion pounds. Total spending on health services increased in the first decade of the 21st century, but Wales now faces a period of financial retrenchment greater than in other parts of the United Kingdom as a result of the Welsh Governments decision not to afford the same degree of protection to health spending as that granted elsewhere. The health system in Wales continues to face some structural weaknesses that have proved resistant to reform for some time. However, there has been substantial improvement in service quality and outcomes since the end of the 1990s, in large part facilitated by substantial real growth in health spending. Life expectancy has continued to increase, but health inequalities have proved stubbornly resistant to improvement.

  4. Developing a consumer pricing strategy.

    Science.gov (United States)

    Sturm, Arthur; Tiedemann, Frank

    2013-05-01

    Healthcare providers can learn a variety of pricing lessons from the retail market: For providers, wholesale pricing--"the price to play"--alone is not enough. Once a hospital or health system chooses a market position, the provider creates an expectation that must be met-consistently. Consumer loyalty is fluid, and the price of care or service is not always the motivator for choosing one organization over another; intangibles such as location and level of customer service also drive purchasing decisions.

  5. Transition from monopoly pricing to competitive pricing

    Energy Technology Data Exchange (ETDEWEB)

    Perera, L. [Eastern Energy Ltd., Melbourne, VIC (Australia)

    1995-12-31

    The Victorian Government has embarked on a program to restructure the State electricity supply industry, that will be the precursor to reform throughout the whole of Australia. The Government is depending on competition to drive efficiency improvements to both generation and distribution businesses. Retail pricing will be the key determinant to a future assessment of the success or failure of these reforms. The paper examines electricity pricing before and after the restructuring from the viewpoint of a practitioner at the cutting edge of the reform process. Economic rationale is put forward why the Value Proposition will replace the Cost Recovery basis previously used in electricity pricing. It is concluded that limitations of interstate links will temper intestate competition unless innovative solution can be found. The current method of setting market prices based on a `Pool System` is only efficient if the generators bid their marginal price on a regular basis. In essence the pool replaces the `merit order` previously used to load generators and is basically a scheduling mechanism. Serious consideration needs to be given to the question whether this mechanism should be also setting the price of electricity. (author). 5 tabs.

  6. Computational unit for non-contact photonic system

    Science.gov (United States)

    Kochetov, Alexander V.; Skrylev, Pavel A.

    2005-06-01

    Requirements to the unified computational unit for non-contact photonic system have been formulated. Estimation of central processing unit performance and required memory size are calculated. Specialized microcontroller optimal to use as central processing unit has been selected. Memory chip types are determinated for system. The computational unit consists of central processing unit based on selected microcontroller, NVRAM memory, receiving circuit, SDRAM memory, control and power circuits. It functions, as performing unit that calculates required parameters ofrail track.

  7. Graphics Processing Units for HEP trigger systems

    Science.gov (United States)

    Ammendola, R.; Bauce, M.; Biagioni, A.; Chiozzi, S.; Cotta Ramusino, A.; Fantechi, R.; Fiorini, M.; Giagu, S.; Gianoli, A.; Lamanna, G.; Lonardo, A.; Messina, A.; Neri, I.; Paolucci, P. S.; Piandani, R.; Pontisso, L.; Rescigno, M.; Simula, F.; Sozzi, M.; Vicini, P.

    2016-07-01

    General-purpose computing on GPUs (Graphics Processing Units) is emerging as a new paradigm in several fields of science, although so far applications have been tailored to the specific strengths of such devices as accelerator in offline computation. With the steady reduction of GPU latencies, and the increase in link and memory throughput, the use of such devices for real-time applications in high-energy physics data acquisition and trigger systems is becoming ripe. We will discuss the use of online parallel computing on GPU for synchronous low level trigger, focusing on CERN NA62 experiment trigger system. The use of GPU in higher level trigger system is also briefly considered.

  8. Graphics Processing Units for HEP trigger systems

    Energy Technology Data Exchange (ETDEWEB)

    Ammendola, R. [INFN Sezione di Roma “Tor Vergata”, Via della Ricerca Scientifica 1, 00133 Roma (Italy); Bauce, M. [INFN Sezione di Roma “La Sapienza”, P.le A. Moro 2, 00185 Roma (Italy); University of Rome “La Sapienza”, P.lee A.Moro 2, 00185 Roma (Italy); Biagioni, A. [INFN Sezione di Roma “La Sapienza”, P.le A. Moro 2, 00185 Roma (Italy); Chiozzi, S.; Cotta Ramusino, A. [INFN Sezione di Ferrara, Via Saragat 1, 44122 Ferrara (Italy); University of Ferrara, Via Saragat 1, 44122 Ferrara (Italy); Fantechi, R. [INFN Sezione di Pisa, Largo B. Pontecorvo 3, 56127 Pisa (Italy); CERN, Geneve (Switzerland); Fiorini, M. [INFN Sezione di Ferrara, Via Saragat 1, 44122 Ferrara (Italy); University of Ferrara, Via Saragat 1, 44122 Ferrara (Italy); Giagu, S. [INFN Sezione di Roma “La Sapienza”, P.le A. Moro 2, 00185 Roma (Italy); University of Rome “La Sapienza”, P.lee A.Moro 2, 00185 Roma (Italy); Gianoli, A. [INFN Sezione di Ferrara, Via Saragat 1, 44122 Ferrara (Italy); University of Ferrara, Via Saragat 1, 44122 Ferrara (Italy); Lamanna, G., E-mail: gianluca.lamanna@cern.ch [INFN Sezione di Pisa, Largo B. Pontecorvo 3, 56127 Pisa (Italy); INFN Laboratori Nazionali di Frascati, Via Enrico Fermi 40, 00044 Frascati (Roma) (Italy); Lonardo, A. [INFN Sezione di Roma “La Sapienza”, P.le A. Moro 2, 00185 Roma (Italy); Messina, A. [INFN Sezione di Roma “La Sapienza”, P.le A. Moro 2, 00185 Roma (Italy); University of Rome “La Sapienza”, P.lee A.Moro 2, 00185 Roma (Italy); and others

    2016-07-11

    General-purpose computing on GPUs (Graphics Processing Units) is emerging as a new paradigm in several fields of science, although so far applications have been tailored to the specific strengths of such devices as accelerator in offline computation. With the steady reduction of GPU latencies, and the increase in link and memory throughput, the use of such devices for real-time applications in high-energy physics data acquisition and trigger systems is becoming ripe. We will discuss the use of online parallel computing on GPU for synchronous low level trigger, focusing on CERN NA62 experiment trigger system. The use of GPU in higher level trigger system is also briefly considered.

  9. New Local, National and Regional Cereal Price Indices for Improved Identification of Food Insecurity

    Science.gov (United States)

    Brown, Molly E.; Tondel, Fabien; Thorne, Jennifer A.; Essam, Timothy; Mann, Bristol F.; Stabler, Blake; Eilerts, Gary

    2011-01-01

    Large price increases over a short time period can be indicative of a deteriorating food security situation. Food price indices developed by the United Nations Food and Agriculture Organization (FAO) are used to monitor food price trends at a global level, but largely reflect supply and demand conditions in export markets. However, reporting by the United States Agency for International Development (USAID)'s Famine Early Warning Systems Network (FEWS NET) indicates that staple cereal prices in many markets of the developing world, especially in surplus-producing areas, often have a delayed and variable response to international export market price trends. Here we present new price indices compiled for improved food security monitoring and assessment, and specifically for monitoring conditions of food access across diverse food insecure regions. We found that cereal price indices constructed using market prices within a food insecure region showed significant differences from the international cereals price, and had a variable price dispersion across markets within each marketshed. Using satellite-derived remote sensing information that estimates local production and the FAO Cereals Index as predictors, we were able to forecast movements of the local or national price indices in the remote, arid and semi-arid countries of the 38 countries examined. This work supports the need for improved decision-making about targeted aid and humanitarian relief, by providing earlier early warning of food security crises.

  10. Pricing Options.

    Science.gov (United States)

    Tenopir, Carol

    1998-01-01

    Presents results of a recent survey of over 100 public and academic libraries about pricing options from online companies. Most options fall into three categories: pay-as-you-go, fixed-rate, and user-based. Results are discussed separately for public and academic libraries and for consortial discounts. Trends in pricing options preferred by…

  11. Local house prices and mental health.

    Science.gov (United States)

    Joshi, Nayan Krishna

    2016-03-01

    This paper examines the impact of local (county-level) house prices on individual self-reported mental health using individual level data from the United States Behavioral Risk Factor Surveillance System between 2005 and 2011. Exploiting a fixed-effects model that relies on within-county variations, relative to the corresponding changes in other counties, I find that while individuals are likely to experience worse self-reported mental health when local house prices decline, this association is most pronounced for individuals who are least likely to be homeowners. This finding is not consistent with a prediction from a pure wealth mechanism but rather with the hypothesis that house prices act as an economic barometer. I also demonstrate that the association between self-reported mental health and local house prices is not driven by unemployment or foreclosure. The primary result-that lower local house prices have adverse impact on self-reported mental health of homeowners and renters-is consistent with studies using data from the United Kingdom.

  12. Impact of European pharmaceutical price regulation on generic price competition: a review.

    Science.gov (United States)

    Puig-Junoy, Jaume

    2010-01-01

    Although economic theory indicates that it should not be necessary to intervene in the generic drug market through price regulation, most EU countries intervene in this market, both by regulating the maximum sale price of generics (price cap) and by setting the maximum reimbursement rate, especially by means of reference pricing systems. We analyse current knowledge of the impact of direct price-cap regulation of generic drugs and the implementation of systems regulating the reimbursement rate, particularly through reference pricing and similar tools, on dynamic price competition between generic competitors in Europe. A literature search was carried out in the EconLit and PubMed databases, and on Google Scholar. The search included papers published in English or Spanish between January 2000 and July 2009. Inclusion criteria included that studies had to present empirical results of a quantitative nature for EU countries of the impact of price capping and/or regulation of the reimbursement rate (reference pricing or similar systems) on price dynamics, corresponding to pharmacy sales, in the generic drug market. The available evidence indicates that price-cap regulation leads to a levelling off of generic prices at a higher level than would occur in the absence of this regulation. Reference pricing systems cause an obvious and almost compulsory reduction in the consumer price of all pharmaceuticals subject to this system, to a varying degree in different countries and periods, the reduction being greater for originator-branded drugs than for generics. In several countries with a reference pricing system, it was observed that generics with a consumer price lower than the reference price do not undergo price reductions until the reference price is reduced, even when there are other lower-priced generics on the market (absence of price competition below the reference price). Beyond the price reduction forced by the price-cap and/or reference pricing regulation itself

  13. Joint pricing and resource allocation for OFDMA-based cognitive radio systems

    KAUST Repository

    Ben Ghorbel, Mahdi

    2011-04-01

    Cognitive users can share spectrum with primary users under constraints on the interference that results. We present a new pricing strategy for sharing the primary users\\' available subchannels with cognitive users by optimizing the secondary and primary users\\' utilities while meeting the primary users\\' interference constraints. The primary users aim to maximize their revenues by sharing their subchannels with secondary users while ensuring that they achieve a minimum target capacity. On the other hand, the secondary users aim to maximize their capacity under three different constraints: consumed power, a given budget for sharing subchannels, and tolerable interference caused to the primary users. We introduce a sequential procedure based on a distributed algorithm to determine the resource allocation, interference thresholds and prices that satisfy the requirements of both parties in the network. Simulations show that the users face a tradeoff between capacity, power, and price. © 2011 IEEE.

  14. Modeling the Effect of Oil Price on Global Fertilizer Prices

    NARCIS (Netherlands)

    P-Y. Chen (Ping-Yu); C-L. Chang (Chia-Lin); C-C. Chen (Chi-Chung); M.J. McAleer (Michael)

    2010-01-01

    textabstractThe main purpose of this paper is to evaluate the effect of crude oil price on global fertilizer prices in both the mean and volatility. The endogenous structural breakpoint unit root test, the autoregressive distributed lag (ARDL) model, and alternative volatility models, including the

  15. Vested Interests in Addiction Research and Policy The challenge corporate lobbying poses to reducing society’s alcohol problems: insights from UK evidence on minimum unit pricing

    Science.gov (United States)

    McCambridge, Jim; Hawkins, Benjamin; Holden, Chris

    2014-01-01

    Background There has been insufficient research attention to alcohol industry methods of influencing public policies. With the exception of the tobacco industry, there have been few studies of the impact of corporate lobbying on public health policymaking more broadly. Methods We summarize here findings from documentary analyses and interview studies in an integrative review of corporate efforts to influence UK policy on minimum unit pricing (MUP) of alcohol 2007–10. Results Alcohol producers and retailers adopted a long-term, relationship-building approach to policy influence, in which personal contacts with key policymakers were established and nurtured, including when they were not in government. The alcohol industry was successful in achieving access to UK policymakers at the highest levels of government and at all stages of the policy process. Within the United Kingdom, political devolution and the formation for the first time of a Scottish National Party (SNP) government disrupted the existing long-term strategy of alcohol industry actors and created the conditions for evidence-based policy innovations such as MUP. Conclusions Comparisons between policy communities within the United Kingdom and elsewhere are useful to the understanding of how different policy environments are amenable to influence through lobbying. Greater transparency in how policy is made is likely to lead to more effective alcohol and other public policies globally by constraining the influence of vested interests. PMID:24261642

  16. The Calculation of Weighted Price Elasticity of Tax: Turkey (1998-2013

    Directory of Open Access Journals (Sweden)

    Engin YILMAZ

    2015-06-01

    Full Text Available In this study, the assumption of “the weighted price elasticity of tax is a unit in the developing countries” suggested in the first studies which examine the impacts of the inflation on tax revenues, will be reevaluated for Turkey in the period of 1998-2013. We use Turkish tax and price index data for calculating the weighted price elasticity of tax. Via the method of dynamic ordinary least squares (DOLS, the long run weighted price elasticity of tax system is guessed. The importance of this study is the fact that this is first study intended to the calculation of the weighted price elasticity of tax for Turkey. In this sense, it will be instructive study for the reconsideration of the assumption of “the weighted price elasticity of tax is a unit in the developing countries”.

  17. Electromagnetic driving units for complex microrobotic systems

    Science.gov (United States)

    Michel, Frank; Ehrfeld, Wolfgang; Berg, Udo; Degen, Reinhard; Schmitz, Felix

    1998-10-01

    Electromagnetic actuators play an important role in macroscopic robotic systems. In combination with motion transformers, like reducing gear units, angular gears or spindle-screw drives, electromagnetic motors in large product lines ensure the rotational or linear motion of robot driving units and grippers while electromagnets drive valves or part conveyors. In this paper micro actuators and miniaturized motion transformers are introduced which allow a similar development in microrobotics. An electromagnetic motor and a planetary gear box, both with a diameter of 1.9 mm, are already commercially available from the cooperation partner of IMM, the company Dr. Fritz Faulhaber GmbH in Schonaich, Germany. In addition, a motor with a diameter of 2.4 mm is in development. The motors successfully drive an angular gear and a belt drive. A linear stage with a motion range of 7 mm and an overall size as small as 5 X 3.5 X 24 mm3 has been realized involving the motor, a stationary spur gear with zero backlash and a spindle-screw drive. By the use of these commercially available elements complex microrobots can be built up cost-efficiently and rapidly. Furthermore, a batch process has been developed to produce the coils of micro actuator arrays using lithographic techniques with SU-8 resin. In applying these components, the modular construction of complex microrobotic systems becomes feasible.

  18. Export channel pricing management for integrated solutions

    OpenAIRE

    Roine, Henna; Sainio, Liisa-Maija; Saarenketo, Sami

    2012-01-01

    This article studies systems integrators' export channel pricing management for integrated solutions. We find support from our empirical case study for the notion that a systems integrator's export channel pricing strategy is multidimensional and dependent on international pricing environment and partner characteristics and that export partnerships have unique implications on a systems integrator's pricing process. The results show that giving up pricing control in export channel context may ...

  19. Export channel pricing management for integrated solutions

    OpenAIRE

    Roine, Henna; Sainio, Liisa-Maija; Saarenketo, Sami

    2012-01-01

    This article studies systems integrators' export channel pricing management for integrated solutions. We find support from our empirical case study for the notion that a systems integrator's export channel pricing strategy is multidimensional and dependent on international pricing environment and partner characteristics and that export partnerships have unique implications on a systems integrator's pricing process. The results show that giving up pricing control in export channel context may ...

  20. United Kingdom (Northern Ireland): Health system review.

    Science.gov (United States)

    O'Neill, Ciaran; McGregor, Pat; Merkur, Sherry

    2012-01-01

    The political context within which Northern Irelands integrated health and social care system operates has changed since the establishment of a devolved administration (the Northern Ireland Assembly, set up in 1998 but suspended between 2002 and 2007). A locally elected Health Minister now leads the publicly financed system and has considerable power to set policy and, in principle, to determine the operation of other health and social care bodies. The system underwent major reform following the passing of the Health and Social Care (Reform) Act (Northern Ireland) in 2009. The reform maintained the quasi purchaser provider split already in place but reduced the number and increased the size of many of the bodies involved in purchasing (known locally as commissioning) and delivering services. Government policy has generally placed greater emphasis on consultation and cooperation among health and social care bodies (including the department, commissioners and care providers) than on competition. The small size of the population (1.8 million) and Northern Irelands geographical isolation from the rest of the United Kingdom provide a rationale for eschewing a more competitive model. Without competition, effective control over the system requires information and transparency to ensure provider challenge, and a body outside the system to hold it to account. The restoration of the locally elected Assembly in 2007 has created such a body, but it remains to be seen how effectively it will exercise accountability.

  1. Organic Chemicals Remain High Prices

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    @@ Phenol In early April 2007, China's phenol price remained bullish, and with the restart of phenol/acetone units in Sinopec Beijing Yanhua Petrochemical being ahead of schedule, there were few trading actions in the market, and the price of phenol dropped considerably afterwards.

  2. Leader-follower Game in VMI System with Limited Production Capacity Considering Wholesale and Retail Prices

    NARCIS (Netherlands)

    Y. Yu (Yugang); L. Liang (Liming); G.Q. Huang (George)

    2006-01-01

    textabstractVMI (Vendor Managed Inventory) is a widely used cooperative inventory policy in supply chains in which each enterprise has its autonomy in pricing. This paper discusses a leader-follower Stackelberg game in a VMI supply chain where the manufacturer, as a leader, produces a single product

  3. Leader-follower Game in VMI System with Limited Production Capacity Considering Wholesale and Retail Prices

    NARCIS (Netherlands)

    Y. Yu (Yugang); L. Liang (Liming); G.Q. Huang (George)

    2006-01-01

    textabstractVMI (Vendor Managed Inventory) is a widely used cooperative inventory policy in supply chains in which each enterprise has its autonomy in pricing. This paper discusses a leader-follower Stackelberg game in a VMI supply chain where the manufacturer, as a leader, produces a single product

  4. Application of Pricing Strategy in the Management of Recreational Fishery

    OpenAIRE

    Zhang, Chen; Han, Xingyong

    2009-01-01

    This paper analyzes the feasibility of carrying out various pricing strategies in recreational fishery management. It also introduces the four common pricing means, which are time (season) differential pricing, customer differential pricing, quantity discount and two-part tariff system. The effects of pricing strategy of recreational fishery on social welfare are studied taking time (season) differential pricing as an example.

  5. Price increase

    CERN Multimedia

    2006-01-01

    Please take note that after five years of stable prices at Restaurant No 1 a price increase will come into force on 1st January 2006. This increase has been agreed after discussions between the CSR (Comité de Surveillance des Restaurants) and the catering company Novae and will reflect the inflation rate of the last few years. In addition, a new children's menu will be introduced, as well as 'Max Havelaar' fair-trade coffee at a price of 1.70 CHF.

  6. Price increase

    CERN Multimedia

    2005-01-01

    Please take note that after five years of stable prices at Restaurant No 1 a price increase will come into force on 1st January 2006. This increase has been agreed after discussions between the CSR (Comité de Surveillance des Restaurants) and the catering company Novae and will reflect the inflation rate of the last few years. In addition, a new children's menu will be introduced as well as 'Max Havelaar' fair-trade coffee at a price of 1.70 CHF.

  7. 76 FR 53533 - Notification of New Pricing Methodology

    Science.gov (United States)

    2011-08-26

    ... United States Mint Notification of New Pricing Methodology ACTION: Notice. SUMMARY: The United States Mint is implementing a new pricing methodology for its commemorative gold coins to mitigate the effect that fluctuating gold commodity costs has on the pricing of these products. The new pricing methodology...

  8. Beyond cost-effectiveness, analysis. Value-based pricing and result-oriented financing as a pathway to sustainability for the national health system in Spain

    National Research Council Canada - National Science Library

    Alvaro Hidalgo-Vega

    2017-01-01

    Beyond cost-effectiveness, analysis. Value-based pricing and result-oriented financing as a pathway to sustainability for the national health system in SpainThe editorial addresses the current use of economic evaluation...

  9. Liquid chromatography detection unit, system, and method

    Energy Technology Data Exchange (ETDEWEB)

    Derenzo, Stephen E.; Moses, William W.

    2015-10-27

    An embodiment of a liquid chromatography detection unit includes a fluid channel and a radiation detector. The radiation detector is operable to image a distribution of a radiolabeled compound as the distribution travels along the fluid channel. An embodiment of a liquid chromatography system includes an injector, a separation column, and a radiation detector. The injector is operable to inject a sample that includes a radiolabeled compound into a solvent stream. The position sensitive radiation detector is operable to image a distribution of the radiolabeled compound as the distribution travels along a fluid channel. An embodiment of a method of liquid chromatography includes injecting a sample that comprises radiolabeled compounds into a solvent. The radiolabeled compounds are then separated. A position sensitive radiation detector is employed to image distributions of the radiolabeled compounds as the radiolabeled compounds travel along a fluid channel.

  10. Liquid chromatography detection unit, system, and method

    Science.gov (United States)

    Derenzo, Stephen E.; Moses, William W.

    2015-10-27

    An embodiment of a liquid chromatography detection unit includes a fluid channel and a radiation detector. The radiation detector is operable to image a distribution of a radiolabeled compound as the distribution travels along the fluid channel. An embodiment of a liquid chromatography system includes an injector, a separation column, and a radiation detector. The injector is operable to inject a sample that includes a radiolabeled compound into a solvent stream. The position sensitive radiation detector is operable to image a distribution of the radiolabeled compound as the distribution travels along a fluid channel. An embodiment of a method of liquid chromatography includes injecting a sample that comprises radiolabeled compounds into a solvent. The radiolabeled compounds are then separated. A position sensitive radiation detector is employed to image distributions of the radiolabeled compounds as the radiolabeled compounds travel along a fluid channel.

  11. Utility-Scale Solar 2013: An empirical analysis of project cost, performance, and pricing trends in the United States

    Energy Technology Data Exchange (ETDEWEB)

    Bolinger, Mark [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Weaver, Samantha [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)

    2014-09-17

    Other than the SEGS I-IX parabolic trough projects built in the 1980s, virtually no large-scale or "utility-scale" solar projects-defined here to include any ground-mounted photovoltaic ("PV"), concentrating photovoltaic ("CPV"), or concentrating solar power ("CSP" or solar thermal) project larger than 5 MWAC-existed in the United States prior to 2007.

  12. Health System Reform in the United States

    Directory of Open Access Journals (Sweden)

    John E McDonough

    2014-01-01

    Full Text Available In 2010, the United States adopted its first-ever comprehensive set of health system reforms in the Affordable Care Act (ACA. Implementation of the law, though politically contentious and controversial, has now reached a stage where reversal of most elements of the law is no longer feasible. The controversial portions of the law that expand affordable health insurance coverage to most U.S. citizens and legal residents do not offer any important lessons for the global community. The portions of the law seeking to improve the quality, effectiveness, and efficiency of medical care as delivered in the U.S., hold lessons for the global community as all nations struggle to gain greater value from the societal resources they invest in medical care for their peoples. Health reform is an ongoing process of planning, legislating, implementing, and evaluating system changes. The U.S. set of delivery system reforms has much for reformers around the globe to assess and consider.

  13. Biomass Production System (BPS) Plant Growth Unit

    Science.gov (United States)

    Morrow, R. C.; Crabb, T. M.

    The Biomass Production System (BPS) was developed under the Small Business Innovative Research (SBIR) program to meet science, biotechnology and commercial plant growth needs in the Space Station era. The BPS is equivalent in size to a double middeck locker, but uses it's own custom enclosure with a slide out structure to which internal components mount. The BPS contains four internal growth chambers, each with a growing volume of more than 4 liters. Each of the growth chambers has active nutrient delivery, and independent control of temperature, humidity, lighting, and CO2 set-points. Temperature control is achieved using a thermoelectric heat exchanger system. Humidity control is achieved using a heat exchanger with a porous interface which can both humidify and dehumidify. The control software utilizes fuzzy logic for nonlinear, coupled temperature and humidity control. The fluorescent lighting system can be dimmed to provide a range of light levels. CO2 levels are controlled by injecting pure CO2 to the system based on input from an infrared gas analyzer. The unit currently does not scrub CO2, but has been designed to accept scrubber cartridges. In addition to providing environmental control, a number of features are included to facilitate science. The BPS chambers are sealed to allow CO2 and water vapor exchange measurements. The plant chambers can be removed to allow manipulation or sampling of specimens, and each chamber has gas/fluid sample ports. A video camera is provided for each chamber, and frame-grabs and complete environmental data for all science and hardware system sensors are stored on an internal hard drive. Data files can also be transferred to 3.5-inch disks using the front panel disk drive

  14. Changing policy framing as a deliberate strategy for public health advocacy: a qualitative policy case study of minimum unit pricing of alcohol.

    Science.gov (United States)

    Katikireddi, Srinivasa Vittal; Bond, Lyndal; Hilton, Shona

    2014-06-01

    Scotland is the first country in the world to pass legislation introducing a minimum unit price (MUP) for alcohol in an attempt to reduce consumption and associated harms by increasing the price of the cheapest alcohol. We investigated the competing ways in which policy stakeholders presented the debate. We then established whether a change in framing helped explain the policy's emergence. We conducted a detailed policy case study through analysis of evidence submitted to the Scottish parliament, and in-depth, one-to-one interviews (n = 36) with politicians, civil servants, advocates, researchers, and industry representatives. Public- and voluntary-sector stakeholders tended to support MUP, while industry representatives were more divided. Two markedly different ways of presenting alcohol as a policy problem were evident. Critics of MUP (all of whom were related to industry) emphasized social disorder issues, particularly among young people, and hence argued for targeted approaches. In contrast, advocates for MUP (with the exception of those in industry) focused on alcohol as a health issue arising from overconsumption at a population level, thus suggesting that population-based interventions were necessary. Industry stakeholders favoring MUP adopted a hybrid framing, maintaining several aspects of the critical framing. Our interview data showed that public health advocates worked hard to redefine the policy issue by deliberately presenting a consistent alternative framing. Framing alcohol policy as a broad, multisectoral, public health issue that requires a whole-population approach has been crucial to enabling policymakers to seriously consider MUP, and public health advocates intentionally presented alcohol policy in this way. This reframing helped prioritize public health considerations in the policy debate and represents a deliberate strategy for consideration by those advocating for policy change around the world and in other public health areas. © 2014

  15. 48 CFR 215.402 - Pricing policy.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 3 2010-10-01 2010-10-01 false Pricing policy. 215.402... OF DEFENSE CONTRACTING METHODS AND CONTRACT TYPES CONTRACTING BY NEGOTIATION Contract Pricing 215.402 Pricing policy. Follow the procedures at PGI 215.402 when conducting cost or price analysis,...

  16. 48 CFR 15.402 - Pricing policy.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 1 2010-10-01 2010-10-01 false Pricing policy. 15.402... AND CONTRACT TYPES CONTRACTING BY NEGOTIATION Contract Pricing 15.402 Pricing policy. Contracting... certified cost or pricing data when required by 15.403-4, along with data other than certified cost...

  17. 48 CFR 1615.402 - Pricing policy.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 6 2010-10-01 2010-10-01 true Pricing policy. 1615.402... Contract Pricing 1615.402 Pricing policy. Pricing of FEHB contracts is governed by 5 U.S.C. 8902(i), 5 U.S... for which the FEHB Program premiums for the contract term will be less than the threshold at FAR 15...

  18. Research on Comprehensive Unit Price Determination for Engineering Modification under Similar Condition%类似条件下工程变更项目综合单价确定研究

    Institute of Scientific and Technical Information of China (English)

    黄佳祯; 陶学明

    2013-01-01

    Engineering modification will occur inevitably during the engineering construction period. According to the effective confirmation on the cost of engineering modification, the key is to analyze the composition of comprehensive unit price, and the type profile as well accurately. In order to work out the issues about comprehensive unit price, this article conducted a study on the confirmation progress of comprehensive unit price of the modified project on basis of the definition under similar conditions, which put forward the method to confirm comprehensive unit price of those modified projects with changeable material.%工程施工期间工程变更的发生具有不可回避的特点,对于工程变更价款的有效确定,关键在于准确分析变更项目综合单价的组成以及所属类型。为了解决类似条件下变更项目综合单价的确定问题,文章从界定类似条件下变更项目综合单价的定价适用内容出发,对变更项目综合单价的确定过程展开研究,最终提出材料改变情况下变更工程综合单价的确定方法。

  19. Acquisition Pricing and Inventory Decisions on Dual-Source Spare-Part System with Final Production and Remanufacturing

    Directory of Open Access Journals (Sweden)

    Yancong Zhou

    2016-01-01

    Full Text Available The life spans of durable goods are longer than their warranty periods. To satisfy the service demand of spare parts and keep the market competition advantage, enterprises have to maintain the longer inventory planning of spare parts. However, how to obtain a valid number of spare parts is difficult for those enterprises. In this paper, we consider a spare-part inventory problem, where the inventory can be replenished by two ways including the final production order and the remanufacturing way. Especially for the remanufacturing way, we consider the acquisition management problem of used products concerning an acquisition pricing decision. In a multiperiod setting, we formulate the problem into a dynamic optimization problem, where the system decisions include the final production order and acquisition price of used products at each period. By stochastic dynamic programming, we obtain the optimal policy of the acquisition pricing at each period and give the optimal policy structure of the optimization problem at the first period. Then, a recursion algorithm is designed to calculate the optimal decisions and the critical points in the policy. Finally, the numerical analyses show the effects of demand information and customer’s sensitive degree on the related decisions and the optimal cost.

  20. Charge scheduling of an energy storage system under time-of-use pricing and a demand charge.

    Science.gov (United States)

    Yoon, Yourim; Kim, Yong-Hyuk

    2014-01-01

    A real-coded genetic algorithm is used to schedule the charging of an energy storage system (ESS), operated in tandem with renewable power by an electricity consumer who is subject to time-of-use pricing and a demand charge. Simulations based on load and generation profiles of typical residential customers show that an ESS scheduled by our algorithm can reduce electricity costs by approximately 17%, compared to a system without an ESS and by 8% compared to a scheduling algorithm based on net power.

  1. Offering strategy of a price-maker energy storage system in day-ahead and balancing markets

    DEFF Research Database (Denmark)

    Vespermann, Niklas Peter René Erich; Delikaraoglou, Stefanos; Pinson, Pierre

    2017-01-01

    Energy storage systems (ESS) are considered as a promising solution to improve power system flexibility and facilitate the integration of renewables in electricity markets. This paper investigates the impact of strategic offering by an ESS operator in the day-ahead and balancing market....... The offering strategy of a price-maker ESS operator is formulated as a bilevel model, where the upper-level problem represents the profit maximization of the ESS operator and the lower-level problem simulates the market-clearing outcome. This methodological framework can be used either to assess market...

  2. Army Contracting Officials Could Have Purchased Husky Mounted Detection System Spare Parts at Lower Prices (Redacted)

    Science.gov (United States)

    2016-03-31

    1500 March 31, 2016 MEMORANDUM FOR AUDITOR GENERAL , DEPARTMENT OF THE ARMY SUBJECT: Army Contracting Officials Could Have Purchased Husky Mounted... Report No. DODIG-2015-153, “Defense Logistics Agency Aviation Generally Purchased Sole-Source Spare Parts From the General Electric Company at Fair...DoD Office of Inspector General Spare-Parts Pricing Audits: Additional Guidance is Needed,” March 31, 2015 Report No. DODIG-2015-053, “Naval Supply

  3. Plane Ticket Price Dispersion in the Online Selling System in Poland

    Directory of Open Access Journals (Sweden)

    Tomasz Stanisław Szopiński

    2014-06-01

    Full Text Available Many authors have studied the influence exerted by tourism on the economy. Today, Information and Communication Technologies (ICT are an important factor influencing competitiveness in the tourism sector and consumers’ decision-making concerning tourism purchases. Along with the expansion of the European Union, the revolution in passenger air transportation has spread over new member states in Central and Eastern Europe, including Poland. The authors of this study analyzed ticket prices on Internet websites that aggregate offers from different carriers and on the websites managed by the carriers themselves, specifically studying offers for the most popular flight connections from F. Chopin airport in Warsaw to London, Frankfurt, Munich, and Paris. For each connection, the study examined flights operated by the Polish carrier, i.e., LOT Polish Airlines, and by a carrier originating from a destination country. The analysis of the particular coefficients illustrating the price dispersion for each flight operated by a foreign carrier in comparison to the offer from LOT Polish Airlines points to the conclusion that the tickets offered by the latter were marked by a much narrower price dispersion in contrast to the connections offered by foreign carriers on the same route.

  4. 75 FR 14257 - Pricing for Bronze Medals

    Science.gov (United States)

    2010-03-24

    ... United States Mint Pricing for Bronze Medals AGENCY: United States Mint, Department of the Treasury. ACTION: Notice. SUMMARY: The United States Mint is announcing the price of the 1\\5/16\\- inch bronze medals, 1\\1/2\\-inch bronze medals and three-inch bronze medals. Beginning March 25, 2010, the...

  5. Note on the natural system of units

    Indian Academy of Sciences (India)

    Luis J Boya; Cristian Rivera; E C G Sudarshan

    2009-12-01

    We propose to substitute Newton’s constant N for another constant 2, as if the gravitational force would fall off with the 1/ law, instead of the 1/2; so we describe a system of natural units with 2 , and ħ. We adjust the value of 2 so that the fundamental length = Pl is still the Planck’s length and so N = × 2. We argue for this system as (1) it would express longitude, time and mass without square roots; (2) 2 is in principle disentangled from gravitation, as in (2 + 1) dimensions there is no field outside the sources. So 2 would be truly universal; (3) modern physics is not necessarily tied up to (3 + 1)-dim. scenarios and (4) extended objects with = 2 (membranes) play an important role both in M-theory and in F-theory, which distinguishes three (2, 1) dimensions. As an alternative we consider also the clash between gravitation and quantum theory ; the suggestion is that non-commutative geometry [, ] = 2 would cure some infinities and improve black hole evaporation. Then the new length shall determine, among other things, the gravitational constant N.

  6. Regulation of Pharmaceutical Prices

    DEFF Research Database (Denmark)

    Kaiser, Ulrich; Méndez, Susan J.; Rønde, Thomas;

    drugs, generics, and parallel imports with health care expenditures and producer revenues decreasing and co-payments increasing most for branded drugs. The reform also induced consumers to substitute from branded drugs – for which they have strong preferences – to generics and parallel imports......Reference prices constitute a main determinant of patient health care reimbursement in many countries. We study the effects of a change from an "external" (based on a basket of prices in other countries) to an "internal" (based on comparable domestic products) reference price system. We find...... that while our estimated consumer compensating variation is small, the reform led to substantial reductions in list and reference prices as well as co-payments, and to sizeable decreases in overall producer revenues, health care expenditures, and co-payments. These effects differ markedly between branded...

  7. Regulation of Pharmaceutical Prices

    DEFF Research Database (Denmark)

    Kaiser, Ulrich; Méndez, Susan J.; Rønde, Thomas;

    2014-01-01

    drugs, generics, and parallel imports with health care expenditures and producer revenues decreasing and co-payments increasing most for branded drugs. The reform also induced consumers to substitute from branded drugs – for which they have strong preferences – to generics and parallel imports......Reference prices constitute a main determinant of patient health care reimbursement in many countries. We study the effects of a change from an "external" (based on a basket of prices in other countries) to an "internal" (based on comparable domestic products) reference price system. We find...... that while our estimated consumer compensating variation is small, the reform led to substantial reductions in list and reference prices as well as co-payments, and to sizeable decreases in overall producer revenues, health care expenditures, and co-payments. These effects differ markedly between branded...

  8. Fair pricing, and pricing paradoxes

    Directory of Open Access Journals (Sweden)

    Barbara Swart

    2016-05-01

    Full Text Available The St Petersburg Paradox revolves round the determination of a fair price for playing the St Petersburg Game. According to the original formulation, the price for the game is infinite, and, therefore, paradoxical. Although the St Petersburg Paradox can be seen as concerning merely a game, Paul Samuelson (1977 calls it a “fascinating chapter in the history of ideas”, a chapter that gave rise to a considerable number of papers over more than 200 years involving fields such as probability theory and economics. In a paper in this journal, Vivian (2013 undertook a numerical investigation of the St Petersburg Game. In this paper, the central issue of the paradox is identified as that of fair (risk-neutral pricing, which is fundamental in economics and finance and involves important concepts such as no arbitrage, discounting, and risk-neutral measures. The model for the St Petersburg Game as set out in this paper is new and analytical and resolves the so-called pricing paradox by applying a discounting procedure. In this framework, it is shown that there is in fact no infinite price paradox, and simple formulas for obtaining a finite price for the game are also provided.

  9. Variations in the relationship between fuel price and bus ridership among U.S. transit systems[Includes the CSCE forum on professional practice and career development : 1. international engineering mechanics and materials specialty conference : 1. international/3. coastal, estuarine and offshore engineering specialty conference : 2. international/8. construction specialty conference

    Energy Technology Data Exchange (ETDEWEB)

    Haire, A.R.; Machemehl, R.B. [Texas Univ., Austin, TX (United States). Dept. of Civil Architectural, and Environmental Engineering

    2009-07-01

    This study examined several characteristics of bus transit systems to explore potential relationships regarding how system characteristics may affect travelers' choice to use public transportation. A clear relationship exists between bus ridership and fuel price, although many other factors contribute to ridership growth and fluctuation. The external factors include 6 broad categories (1) population characteristics and changes, (2) economic conditions, (3) cost and availability of alternative modes of transport including toll pricing, parking pricing, taxi fares, automobile costs and availability of commuter benefits programs by employers, (4) land use development patterns and policies, (5) travel conditions, and (6) public funding initiatives. These supplementary factors vary and many lend themselves to service quality measurement. Perceived service quality is an important contributor to public transportation ridership. The study explored community and bus system characteristics associated with perceived service quality and how these characteristics relate to correlation coefficients between fuel price and ridership, using an unconventional trivariate comparison method. Seasonally-adjusted correlation coefficients between ridership and fuel price for 340 bus systems across the United States were plotted against route density, operating speed, peak-hour service frequency, average travel speed, and average total travel time. The study showed that cost-conscious travelers using transit systems in the United States appear willing to compromise on aspects normally linked to convenience in order to use public transit and minimize their fuel expenditures. 10 refs., 1 tab., 6 figs.

  10. Dynamics and impacts of fine-scale climate change: greenhouse forcing, heat-waves, and corn price volatility in the United States

    Science.gov (United States)

    Diffenbaugh, N. S.; Ashfaq, M.; Hertel, T. W.; Scherer, M.; Verma, M.

    2012-12-01

    We explore the use of climate impacts as a probe for understanding the dynamics governing the response of the climate system to changes in radiative forcing. As a case study, we focus on the volatility of corn prices in the U.S. Recent price spikes have raised concern that climate change could increase food insecurity by reducing grain yields in the coming decades. However, commodity price volatility is also influenced by other factors, which may either exacerbate or buffer the effects of climate change. Here we show that US corn price volatility exhibits higher sensitivity to near-term climate change than to energy policy influences or agriculture-energy market integration, and that the presence of a biofuels mandate enhances the sensitivity to climate change by more than 50%. The climate change impact is driven primarily by intensification of severe hot conditions in the primary corn-growing region of the US, which causes US corn price volatility to increase sharply in response to global warming projected to occur over the next three decades. Given this sensitivity to severe heat, we next explore the dynamics shaping the projected near-term intensification of severe heat over the US in our high-resolution ensemble climate model experiment. We find that the intensification of hot extremes is associated not only with increased downward long-wave radiation from increasing greenhouse gases, but also with a shift towards more anticyclonic atmospheric circulation during the warm season, along with warm season drying over much of the US. We find that the coupling between surface temperature change and surface moisture change is robust across a suite of global climate model experiments. Given these projected changes in climate dynamics associated with near-term intensification of severe hot events, we next explore the transient response of summer climate in the US to increasing greenhouse forcing through the end of the 21st century. We find that the central US exhibits

  11. Elements improvement of system approach of new trademark for promotion according to the dependence product «price-quality»

    Directory of Open Access Journals (Sweden)

    V.O. Onyskiv

    2011-03-01

    Full Text Available The basic elements of competitiveness such as quality and price of a new product on market are explored and highlighted. The main principle which is used by commercial enterprises as marketing approach to promote a new trademark depending on price-quality has been grounded. Nine price sub-strategies that manufacturers use to achieve their marketing goals on the market have been considered. An effective pricing strategy for the new product depending on price-quality has been created. There are some methods of prices policy for new products depending on the level of their quality.

  12. Strategic pricing: hitting the mark with pricing strategies. Part 1.

    Science.gov (United States)

    Porn, L; Manning, M

    1988-01-01

    Efforts by government and business to reduce healthcare expenditures by fostering competition and reducing utilization have combined to redefine the basic economic structure of the healthcare delivery system. Increased competition among providers has prompted an increased awareness of strategic pricing as a means of achieving institutional goals and objectives. In this article, the first in a three-part series on strategic pricing, the authors examine some of the key theoretical considerations related to pricing strategies for healthcare providers. Future articles will examine practical applications as they relate to package pricing, discounting, per diem systems, and capitation arrangements.

  13. Import price elasticities: reconsidering the evidence

    OpenAIRE

    Hélène Erkel-Rousse; Daniel Mirza

    2002-01-01

    Recent economic geography and trade empirical studies based on monopolistic competition suggest high levels of trade price elasticities (between 3 and 11). However, price elasticity estimations in trade equations using unit values as price proxies usually lead to lower values of around unity. We show that those inconclusive results may be due to some misspecification in these equations as well as measurement errors in prices. When suitable instrumental variables are used, within a panel of in...

  14. Import price elasticities: reconsidering the evidence

    OpenAIRE

    Hélène Erkel-Rousse; Daniel Mirza

    2002-01-01

    Recent economic geography and trade empirical studies based on monopolistic competition suggest high levels of trade price elasticities (between 3 and 11). However, price elasticity estimations in trade equations using unit values as price proxies usually lead to lower values of around unity. We show that those inconclusive results may be due to some misspecification in these equations as well as measurement errors in prices. When suitable instrumental variables are used, within a panel of in...

  15. Hedonic Price Indices for Ground Vehicles

    Science.gov (United States)

    2015-05-01

    portion of price change that is unexplainable by other means. In previous work with aircraft, Harmon et al. (2014) found that cost progress curves...same time, we noticed that year-over-year price growth for most vehicle systems seemed higher than could be accounted for by simple inflation...quality growth terms attribute some of the observed price growth to that, leaving less unexplained price growth to be accounted for by the price index

  16. The Development of Software Pricing Schemata and Its Application to Software Industry in Korea

    Directory of Open Access Journals (Sweden)

    Youngsik Kwak

    2010-03-01

    Full Text Available The purpose of this this research is to suggest comprehensive pricing schemata that software developers can use in the integrated state of software uses. To do so, we have reviewed the pricing criteria that the current fields of business administration treat andoffered the basis of pricing systems. Then we have applied the prices of software products in Korea to the systems and earned abundant price payment units. As for the research works of software pricing at the present, however, it seems that they are mainly focused on the uses and functions of some specific software rather than on general variables that affect the software pricing policies of PC and Client/Server environment. There have been many researches on individual consumption features such as on the case of upgrade, on the case of outsourcing like ASP, on the case of pricing package items, or on the case of ERP software.[1-5] In other words, there have been few researches on the schemata of pricing that software developers can use. This paper aims to suggest a comprehensive pricing schemata that software developers, sellers, and distributers can use regardless of the state of software uses. To do so, first, itreviews the criteria of pricing that are frequently discussed in the current fields of economics and management and thereby establishes the basis that leads to a pricing schemata. Then the prices of software in Korea will be applied to the schemata, which will eventually make it possible to produce the complete pricing schemata unique in Korea.

  17. 物业服务价格指数体系构建探讨%Study on the construction of property services price index system

    Institute of Scientific and Technical Information of China (English)

    汪伸; 陈德豪

    2015-01-01

    在目前物业服务市场中,价格问题是最为关键的问题,行业急需通过构建完善的物业服务价格指数体系,以科学的物业服务价格指数指导各类物业服务项目的价格调节。本文分析了构建物业服务价格指数体系的背景,阐述了构建物业服务价格指数体系的出发点、目标、原则和主要内容,最后提出构建物业服务价格指数体系和发布价格指数的一些相关事项。旨在促进物业服务行业更为健康规范地发展。%Nowadays, in the property services market, the price problem is the key problem. The industry needs to construct a perfect price index system and calculate scientiifc price indexes to guide the regulation of property services price. This article analyses the background of the construction of property services price index system, points out the starting point, object and principles of the construction of property services, explores the main content of the construction of property services price index system and puts forwards some related matters when we construct property services price index system and release property services price index to promote the development of property services industry.

  18. Evaluation of electromagnetic interference environment of the instrumentation and control systems in nuclear power units

    Energy Technology Data Exchange (ETDEWEB)

    Min, Moon-Gi; Lee, Jae-Ki; Ji, Yeong-Haw; Jo, Sung-Han [Korea Hydro & Nuclear Power Co., Ltd., 1312-70 Yuesong-daero, Yuseong-Gu, Daejeon 305-343 (Korea, Republic of); Kim, Hee-Je, E-mail: heeje@pusan.ac.kr [Pusan National University, 2, Busandaehak-ro 63beon-gil, Geumjeong-gu, Busan 609-735 (Korea, Republic of)

    2015-04-15

    Highlights: • We surveyed the electromagnetic emissions at the location of I&C systems. • We assessed the electromagnetic levels on reactor types from thirteen nuclear plants. • We evaluated the margin between plant emission limits and the highest composite levels. • We presented the formula of radiated susceptibility test levels to non-safety-related I&C systems. - Abstract: The electromagnetic interference (EMI) generated from sources in power units can interfere with digital Instrument and Control (I&C) systems. When EMI is emitted with conducted and radiated noise, it interferes with the signals of the I&C systems. Since the digital I&C systems are efficient and competitively priced, the analogue I&C systems have been upgraded and replaced with digital I&C systems, but these systems have less EMI immunity. When safety-related I&C systems are installed in the units, the verification of equipment EMI should not be done in site-specific tests but in test facilities. There are needs to do the overall site-specific EMI assessment of I&C systems depending on the reactor types from thirteen operating units. This study evaluated the margin between plant emission limits and the highest composite plant emissions of the EMI. When the non-safety-related I&C equipment or systems are placed in the units, there are no individual test levels of the radiated electrical field. If need be, the level should comply with the test levels of the radiated electrical field on the safety-related I&C systems. This paper presents the test levels of radiated electrical fields to non-safety-related I&C equipment or systems.

  19. Units of measurement past, present and future international system of units

    CERN Document Server

    Gupta, S V

    2010-01-01

    It is for the first time that the subject of quantities and their respective units is dealt this much in detail a glimpse of units of measurements of base quantities of length, time, mass and volume is given for ancient India three and four dimensional systems of measurement units are critically examined establishment of the fact that only four base units are needed to describe a system of units the basics to arrive at the unit of a derived quantity are explained basic, derived and dimensionless quantities including quantity calculus are introduced life history of scientists concerned with measurements units are presented to be inspiring to working metrologists and students. The International System of Units including, Metre Convention Treaty and its various organs including International National of Weights and Measure are described. The realisation of base units is given in detail. Classes of derived units within the SI, units permitted for time to come, units outside SI but used in special fields of measur...

  20. Use of Multicriteria Valuation of Spatial Units in a System of Mass Real Estate Valuation

    Directory of Open Access Journals (Sweden)

    Miroslav Kuburić

    2012-05-01

    Full Text Available A model of mass valuation at the national level must be functional, practically applicable, consistent and adaptable to actual conditions and real estate market trends. A consideration of the influence of location on real estate value in a spatial unit, and a description of spatial units with a sufficient number of attributes to determine a connection between the value of these attributes and the average price of real estate in a spatial unit, are important tasks in modelling a system of mass real estate valuation. This paper, based on a test implementation of mass real estate valuation for an area covering a number of municipalities in the Republic of Serbia, offers conclusions on the suitability of the use of a mass valuation method grounded in the principles of logical aggregation and case based reasoning. The values of location characteristics, or factors of spatial unit valuation, were determined in spatial analyses employing GIS, according to an established system of multicriteria valuation. This approach ensures that a model-defined value is not stored as offline data, but that each time such data is needed, it can be determined following the proposed methodology, based on actual, updated data from the databases of official spatial data registries. Prior to this, it is necessary to meet all the required prerequisites, which include the distributed databases of official real estate data registries and other factors needed in the mass valuation procedure. Keywords: real estate valuation; spatial units; multicriteria analysis

  1. How did policy actors use mass media to influence the Scottish alcohol minimum unit pricing debate? Comparative analysis of newspapers, evidence submissions and interviews.

    Science.gov (United States)

    Katikireddi, Srinivasa Vittal; Hilton, Shona

    2015-04-01

    Aims: To explore how policy actors attempted to deliberately frame public debate around alcohol minimum unit pricing (MUP) in the UK by comparing and contrasting their constructions of the policy in public (newspapers), semi-public (evidence submissions) and private (interviews). Methods: Content analysis was conducted on articles published in ten national newspapers between 1 January 2005 and 30 June 2012. Newsprint data were contrasted with alcohol policy documents, evidence submissions to the Scottish Parliament's Health and Sport Committee and 36 confidential interviews with policy stakeholders (academics, advocates, industry representatives, politicians and civil servants). Findings: A range of policy actors exerted influence both directly (through Parliamentary institutions and political representatives) and indirectly through the mass media. Policy actors were acutely aware of mass media's importance in shaping public opinion and used it tactically to influence policy. They often framed messages in subtly different ways, depending on target audiences. In general, newspapers presented the policy debate in a "balanced" way, but this arguably over-represented hostile perspective and suggested greater disagreement around the evidence base than is the case. Conclusions: The roles of policy actors vary between public and policy spheres, and how messages are communicated in policy debates depends on perceived strategic advantage.

  2. From monopoly price to an economically appropriate renumeration. A competition law and energy industry law analysis for the determination of the purchase price in the competition for power distribution systems; Vom Monopolpreis zur wirtschaftlich angemessenen Verguetung. Eine wettbewerbs- und energiewirtschaftsrechtliche Analyse zur Kaufpreisermittlung im Wettbewerb um Energieverteilnetze

    Energy Technology Data Exchange (ETDEWEB)

    Sachse, Anna Birka Leona

    2013-06-01

    The central question of the competition for power distribution systems is: monopoly price or economically reasonable compensation. The author of the contribution under consideration determines the limits arising from the legally induced system of competition for the grids for the amount of purchase price. The contribution also examines what is meant by a commercially reasonable remuneration in this context. The central question of a proper evaluation method for determining the price of a grid is to be answered.

  3. Unit Replacement System Analysis I (URSA I).

    Science.gov (United States)

    1982-01-01

    action creates a void in CONUS of one unit. A new unit is formed in CONUS to fill this void . The forming of a new unit is 3-5 -,.. - ..-- o. . CAA-SR-82...compares the observed average regimental strengths with the respective authorizations. Note the E-1 to E-4 and E-5 overfill and the E-6 to E-8 underfill ...When the data is adjusted to compensate for grade substitution flexibility (see Figure 6-26), the E-6 to E-8 underfill is corrected, but the

  4. Cross-border electricity market effects due to price caps in an emission trading system: An agent-based approach

    NARCIS (Netherlands)

    Richstein, J.C.; Chappin, E.J.L.; De Vries, L.J.

    2014-01-01

    The recent low CO2 prices in the European Union Emission Trading Scheme (EU ETS) have triggered a discussion whether the EU ETS needs to be adjusted. We study the effects of CO2 price floors and a price ceiling on the dynamic investment pathway of two interlinked electricity markets (loosely based o

  5. Cross-border electricity market effects due to price caps in an emission trading system: An agent-based approach

    NARCIS (Netherlands)

    Richstein, J.C.; Chappin, E.J.L.; De Vries, L.J.

    2014-01-01

    The recent low CO2 prices in the European Union Emission Trading Scheme (EU ETS) have triggered a discussion whether the EU ETS needs to be adjusted. We study the effects of CO2 price floors and a price ceiling on the dynamic investment pathway of two interlinked electricity markets (loosely based

  6. Production Functions for Water Delivery Systems: Analysis and Estimation Using Dual Cost Function and Implicit Price Specifications

    Science.gov (United States)

    Teeples, Ronald; Glyer, David

    1987-05-01

    Both policy and technical analysis of water delivery systems have been based on cost functions that are inconsistent with or are incomplete representations of the neoclassical production functions of economics. We present a full-featured production function model of water delivery which can be estimated from a multiproduct, dual cost function. The model features implicit prices for own-water inputs and is implemented as a jointly estimated system of input share equations and a translog cost function. Likelihood ratio tests are performed showing that a minimally constrained, full-featured production function is a necessary specification of the water delivery operations in our sample. This, plus the model's highly efficient and economically correct parameter estimates, confirms the usefulness of a production function approach to modeling the economic activities of water delivery systems.

  7. Cost based reactive power participation for voltage control in multi units based isolated hybrid power system

    Directory of Open Access Journals (Sweden)

    Nitin Kumar Saxena

    2016-12-01

    Full Text Available Multi units of wind and diesel based generators in isolated hybrid power system have technical and operational advantages over single units system. They require dynamic reactive power compensation for fast recovery of voltage under load and input changes. In developing countries like India, investors’ prime concern is to provide continuous electricity at low rate while quality degradation can be permitted within pre defined acceptable range. The use of static compensator along with dynamic compensator may give cost effective reactive power participation for system. This paper presented pricing of reactive power compensation under steady state and transient conditions of system with fixed capacitor and STATCOM. The main contributions of the paper are; (i evaluating reactive power balance equation for generalized multi units of wind and diesel based isolated hybrid power system, (ii reactive power compensation using fixed capacitor and STATCOM in presence of composite load model, (ii fast recovery of voltage response using genetic algorithm based tuning of STATCOM controller, (iii evaluation of reactive power compensation cost for steady and dynamic conditions due to probabilistic change in load and/or input demand and (iv comparison of results with existing reference compensation method.

  8. The metre-kilogram-second system of electrical units

    CERN Document Server

    Sas, R K

    1947-01-01

    Introduction ; electrostatic units, electromagnetic units, and practical units ; magnetic intensity and flux density ; rationalization ; tribulations of the student ; metres and kilograms in general and in mechanics ; pulse and aperture ; magnetostatics ; steady currents ; electrostatics ; resistance ; electromagnetic induction ; determination of Eo. capacity formulae ; field ; electrons and moving charges ; quantum theory ; memory assisted by the M.K.S. system ; short account of M.K.S. units ; list of formulae

  9. 42 CFR 447.505 - Determination of best price.

    Science.gov (United States)

    2010-10-01

    ... best price. (a) Best price means, with respect to a single source drug or innovator multiple source... 42 Public Health 4 2010-10-01 2010-10-01 false Determination of best price. 447.505 Section 447...), the lowest price available from the manufacturer during the rebate period to any entity in the United...

  10. 76 FR 417 - 2011 Numismatic Products Pricing

    Science.gov (United States)

    2011-01-04

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF THE TREASURY United States Mint 2011 Numismatic Products Pricing ACTION: Notice. SUMMARY: The United States Mint is announcing the prices of its 2011 numismatic products. Pursuant to the authority that 31 U.S.C....

  11. On precautious problems in fixed unit price contract at construction enterprises%施工企业在固定单价合同适用方面应注意的问题

    Institute of Scientific and Technical Information of China (English)

    霍明华

    2015-01-01

    The paper interprets the definition of the fixed unit price contract,introduces its features reference and applied scopes,illustrates its operation and requirements by combining with its significance in practice,and points out respective measures for some problems in the fixed unit price contract.%解释了固定单价合同的定义,对固定单价合同的特点、依据及适用范围作了介绍,结合固定单价合同的使用意义,阐述了固定单价合同的操作和要求,并针对固定单价合同容易出现的问题提出了应对措施。

  12. New functional units for coke machine automatic control system

    Energy Technology Data Exchange (ETDEWEB)

    Parfenov, G.I.; Bannikov, L.S.; Vakarenko, I.M.; Grishin, S.P.

    1983-01-01

    A new device used in the control systems of coking plants is discussed. The system is capable of operating in fully automatic, semi-automatic, or manual modes. Examples of the usage of the unit include the stopping of coke machines within limits of +/- 200 mm. It is concluded that the use of the units reduce manufacture, adjustment, and service costs.

  13. CONCEPTUAL BASES OF THE ENERGY EFFICIENT SYSTEM OF MANAGEMENT OF COMBINED UNITS OF WASTEWATER TREATMENT

    Directory of Open Access Journals (Sweden)

    V. N. Shtepa

    2016-01-01

    Full Text Available A critical analysis of the shortcomings of the existing water purification systems is conducted. In order to ensure environmental safety and energy savings it is proposed to use the combined units, including physical, chemical, physical-and-chemical and biological methods. The attention is driven to the fact that the most effective way to maintain current water purification is an adaptive control system. The shortcomings of the management of water treatment units were revealed and it was proposed to produce their synthesis based on the mathematical apparatus of artificial intelligence systems. Taking into account the requirements of the environmental safety and the need in the energy savings, the energy efficiency criteria of combined system functioning has been developed. At an industrial plant (slaughterhouse wastewater treatment the compliance of the production conditions of the criterion has been undertaken that confirmed the criterion relevance and usefulness as applied to the synthesis of energy-efficient control systems. A synthetic control system combined the water treatment plants. Having based on the preliminary research and analysis of the current work in the subject area the architecture of a control system of combined water treatment units that use intelligent technology was developed. The key functional of the unit – information-analytical subsystem of the formation control actions including: multilayer perceptrons self-organization Kohonen network, fuzzy cognitive map. The basic difference between the developed design and its analogues is the ability to adjust the settings of equipment adaptively on the basis of processing sensor data, information on the price of consumables, volley discharges of pollutants, a sudden change in the flow and other force majeure. Adjustment of the parameters of the control system is carried out with the use of experimental and analytical data stored in the knowledge base of technological

  14. Price as indicator for quality?

    DEFF Research Database (Denmark)

    Nielsen, Jørgen Ulff-Møller; Hansen, Jørgen Drud

    This paper examines the relation between price differences and quality differences in an oligopoly model with intra-industry trade, where goods are horizontally as well as vertically differentiated. The analysis demonstrates that the ratio of prices is not linked to the ratio of qualities in any...... simple way. The paper therefore questions the procedure of using unit value differences between exported and imported goods as criteria for disentangling intra-industry trade in a vertical and a horizontal part....

  15. 48 CFR 1815.403 - Obtaining cost or pricing data.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 6 2010-10-01 2010-10-01 true Obtaining cost or pricing... ADMINISTRATION CONTRACTING METHODS AND CONTRACT TYPES CONTRACTING BY NEGOTIATION Contract Pricing 1815.403 Obtaining cost or pricing data....

  16. 48 CFR 15.407 - Special cost or pricing areas.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 1 2010-10-01 2010-10-01 false Special cost or pricing... CONTRACTING METHODS AND CONTRACT TYPES CONTRACTING BY NEGOTIATION Contract Pricing 15.407 Special cost or pricing areas....

  17. 48 CFR 1815.407 - Special cost or pricing areas.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 6 2010-10-01 2010-10-01 true Special cost or pricing... ADMINISTRATION CONTRACTING METHODS AND CONTRACT TYPES CONTRACTING BY NEGOTIATION Contract Pricing 1815.407 Special cost or pricing areas....

  18. 48 CFR 1315.407 - Special cost or pricing areas.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 5 2010-10-01 2010-10-01 false Special cost or pricing... CONTRACTING METHODS AND CONTRACT TYPES CONTRACTING BY NEGOTIATION Contract Pricing 1315.407 Special cost or pricing areas....

  19. [Pharmaceutical reference pricing in Germany: definition of therapeutic groups, price setting through regression procedure and effects].

    Science.gov (United States)

    Stargardt, T; Schreyögg, J; Busse, R

    2005-07-01

    The German reference pricing system defines a reimbursement threshold for groups of pharmaceuticals. Pharmaceuticals are grouped according to certain criteria by the Federal Joint Committee. To make different active ingredients comparable, so called reference values are defined. Subsequently, the federal association of sickness funds sets reference prices using a regression procedure. However, the impact of the reference price system is limited. On the one hand there is a strong incentive for pharmaceutical companies to decrease prices to the reference price. On the other hand there is no incentive for further price reductions. Additionally, only one part of the pharmaceutical market is affected by reference pricing. Therefore the instrument has only managed to lower pharmaceutical expenditure in the short run. For sustainable long-term cost containment the use of other regulatory instruments is necessary. Nevertheless, compared to other instruments of price-regulation, reference pricing seems to be a good alternative to control pharmaceutical prices, since rationing is kept as little as possible.

  20. Carbon pricing in the EU

    NARCIS (Netherlands)

    Brink, Corjan; Vollebergh, Herman R.J.; Werf, van der Edwin

    2016-01-01

    This paper studies various options to support allowance prices in the EU Emissions Trading System (ETS), such as adjusting the cap, an auction reserve price, and fixed and variable carbon taxes in addition to the EU ETS. We use a dynamic computable general equilibrium model that explicitly allows

  1. Carbon pricing in the EU

    NARCIS (Netherlands)

    Brink, Corjan; Vollebergh, Herman R.J.; Werf, van der Edwin

    2016-01-01

    This paper studies various options to support allowance prices in the EU Emissions Trading System (ETS), such as adjusting the cap, an auction reserve price, and fixed and variable carbon taxes in addition to the EU ETS. We use a dynamic computable general equilibrium model that explicitly allows

  2. Road pricing with complications

    DEFF Research Database (Denmark)

    Fosgerau, Mogens; Van Dender, Kurt

    2013-01-01

    , and a highly stylised model of congestion is used. The simple analysis also ignores that real pricing schemes are only rough approximations to ideal systems and that inefficiencies in related markets potentially affect the case for congestion charges. The canonical model tends to understate the marginal...

  3. Pricing and Inventory Control Strategy for a Periodic-Review Energy Buy-Back System

    Institute of Scientific and Technical Information of China (English)

    ZHANG Jihong; CHEN Hongqiao; DING Xiaosong; LI Xian

    2016-01-01

    Along with the rapid development of economics and enhancement of industrialization,the power demand keeps rising and frequently creates mismatch between demand and supply in electricity.This provides miscellaneous energy buy-back programs with great opportunities.Such programs,when activated,offer certain amount of financial compensations to participants for reducing their energy consumption during peak time.They aim at encouraging participants to shift their electricity usage from peak to non-peak time,and thereby release the demand pressure during peak time.This paper considers a periodic-review joint pricing and inventory decision model under an energy buy-back program over finite planning horizons,in which the compensation levels,setup cost and additive random demand function are incorporated.The objective is to maximize a manufacturer's expected total profit.By using Veinott's conditions,it is shown that the manufacturer's optimal decision is a state dependent (s,S,P) policy under a peak market condition,or partly an (s,S,A,P) policy under the normal market condition.

  4. Beyond cost-effectiveness, analysis. Value-based pricing and result-oriented financing as a pathway to sustainability for the national health system in Spain

    Directory of Open Access Journals (Sweden)

    Alvaro Hidalgo-Vega

    2017-01-01

    Full Text Available Beyond cost-effectiveness, analysis. Value-based pricing and result-oriented financing as a pathway to sustainability for the national health system in SpainThe editorial addresses the current use of economic evaluation in the assessment and potential funding and reimbursement of health technologies. Cost-effectiveness ratio and the acceptability thresholds are analyzed, pointing out the limitations that the current approach has for capturing the value of new technologies. A potential shift from National Health Systems to value-based prices is discussed, with a focus on health economics outcomes where multi-criteria analyses can be a complementary tool to traditional cost-effectiveness approaches.

  5. Discriminant analyses of stock prices by using multifractality of time series generated via multi-agent systems and interpolation based on wavelet transforms

    Science.gov (United States)

    Tokinaga, Shozo; Ikeda, Yoshikazu

    In investments, it is not easy to identify traders'behavior from stock prices, and agent systems may help us. This paper deals with discriminant analyses of stock prices using multifractality of time series generated via multi-agent systems and interpolation based on Wavelet Transforms. We assume five types of agents where a part of agents prefer forecast equations or production rules. Then, it is shown that the time series of artificial stock price reveals as a multifractal time series whose features are defined by the Hausedorff dimension D(h). As a result, we see the relationship between the reliability (reproducibility) of multifractality and D(h) under sufficient number of time series data. However, generally we need sufficient samples to estimate D(h), then we use interpolations of multifractal times series based on the Wavelet Transform.

  6. The Systemic, Long-run Relation among Gasoline Demand, Gasoline Price, Income, and Vehicle Ownership in OECD Countries: Evidence from Panel Cointegration and Causality Modeling

    OpenAIRE

    Liddle, Brantley

    2012-01-01

    This paper analyzes gasoline consumption per capita, income (GDP per capita), gasoline price, and car ownership per capita for a panel of OECD countries by employing panel unit root and cointegration testing, panel Dynamic and Fully Modified OLS estimations, and panel Granger-causality tests. The four variables are determined to be panel I(1) and cointegrated. Estimated long-run and short-run income elasticities are smaller than what typically had been found previously. Lastly, gasoline consu...

  7. INTELLIGENT SYSTEM TO EVALUATE THE NEIGHBORHOOD UNIT CRITERIA

    Directory of Open Access Journals (Sweden)

    Suha A. Abdulrahman

    2013-05-01

    Full Text Available The modern idea of town planning is to plan it under the hierarchic design of service centers levels begin from neighborhood unit level to residential district. It's done by using indicator numbers and areas, that the urban designer returned to them in the planning .this research aims to recognize the neighborhood units slandered by using the intelligent programs system to evaluated three plans of neighborhood unit designed by the researchers to make them in the right design . 

  8. Effect of oil price on Nigeria’s food price volatility

    Directory of Open Access Journals (Sweden)

    Ijeoma C. Nwoko

    2016-12-01

    Full Text Available This study examines the effect of oil price on the volatility of food price in Nigeria. It specifically considers the long-run, short-run, and causal relationship between these variables. Annual data on oil price and individual prices of maize, rice, sorghum, soya beans, and wheat spanning from 2000 to 2013 were used. The price volatility for each crop was obtained using Generalized Autoregressive Conditional Heteroskedascity (GARCH (1, 1 model. Our measure of oil price is the Refiner acquisition cost of imported crude oil. The Augmented Dickey–Fuller and Phillip–Perron unit root tests show that all the variables are integrated of order one, I (1. Therefore, we use the Johansen co-integration test to examine the long-run relationship. Our results show that there is no long-run relationship between oil price and any of the individual food price volatility. Thus, we implement a VAR instead of a VECM to investigate the short-run relationship. The VAR model result revealed a positive and significant short-run relationship between oil price and each of the selected food price volatility with exception of that of rice and wheat price volatility. These results were further confirmed by the impulse response functions. The Granger causality test result indicates a unidirectional causality from oil price to maize, soya bean, and sorghum price volatilities but does not show such relationship for rice and wheat price volatilities. We draw some policy implications of these findings.

  9. Prices for Tobacco and Nontobacco Products in Pharmacies Versus Other Stores: Results From Retail Marketing Surveillance in California and in the United States.

    Science.gov (United States)

    Henriksen, Lisa; Schleicher, Nina C; Barker, Dianne C; Liu, Yawen; Chaloupka, Frank J

    2016-10-01

    To examine disparities in the price of tobacco and nontobacco products in pharmacies compared with other types of stores. We recorded the prices of Marlboro, Newport, the cheapest cigarettes, and bottled water in a random sample of licensed tobacco retailers (n = 579) in California in 2014. We collected comparable data from retailers (n = 2603) in school enrollment zones for representative samples of US 8th, 10th, and 12th graders in 2012. Ordinary least squares regressions modeled pretax prices as a function of store type and neighborhood demographics. In both studies, the cheapest cigarettes cost significantly less in pharmacies than other stores; the average estimated difference was $0.47 to $1.19 less in California. We observed similar patterns for premium-brand cigarettes. Conversely, bottled water cost significantly more in pharmacies than elsewhere. Newport cost less in areas with higher proportions of African Americans; other cigarette prices were related to neighborhood income and age. Neighborhood demographics were not related to water prices. Compared with other stores, pharmacies charged customers less for cigarettes and more for bottled water. State and local policies to promote tobacco-free pharmacies would eliminate an important source of discounted cigarettes.

  10. A Comparative Study of Activity-Based Costing vs. Current Pricing System for Pathology Examinations at Okmeydani Training and Research Hospital, Turkey.

    Science.gov (United States)

    Yarikkaya, Enver; Özekinci, Selver; Sargan, Aytül; Durmuş, Şenay Erdoğan; Yildiz, Fetin Rüştü

    2017-01-01

    To provide real cost data for pathology examinations by using activity-based costing method, in order to provide means to departments, health administrators and the social security institution to achieve improvements in financial planning, quality and cost control. The cost of the histopathological examinations, which were accepted by the Department of Pathology at Okmeydanı Training and Research Hospital during August 2014, was calculated using the activity-based costing method. The costs were compared with the amounts specified in the Healthcare Implementation Notification Tariff and the conventional volume-based costing. Most pathology examinations listed within a given band in the Healthcare Implementation Notification Tariff show variations in unit costs. The study found that the costs of 77.4% of the examinations were higher than the prices listed in the Healthcare Implementation Notification Tariff. The pathology examination tariffs specified in the Healthcare Implementation Notification do not reflect the real costs of the examinations. The costs that are calculated using the activity-based costing system may vary according to the service types and levels of health care institutions. However, the main parameters of the method used in the study reflect the necessity of a more accurate banding of pathology examinations. The banding specified by the Healthcare Implementation Notification Tariff needs to be revised to reflect the real costs in Turkey.

  11. ACCOUNTING SYSTEM OF THE MARKET OF UNIT INVESTMENT FUNDS

    Directory of Open Access Journals (Sweden)

    Olga A. Zhdanova

    2013-01-01

    Full Text Available Functions and interrelations of depositary, specialized depositary and registrar operating in the market of unit investment funds are presented and studied in the article. The conclusion is drawn on possibility of introduction of concept of accounting system in the market of unit investment funds.

  12. Foreign Students and Scholars and the United States Tax System.

    Science.gov (United States)

    Williams, David, II.

    1994-01-01

    During the 1992-93 school year more than 425,000 foreign students were studying in the United States. In addition, hundreds of foreign nationals were in the United States as visiting research scholars, lecturers, and professors. Offers a guide to help foreign nationals comply with the tax system while affording them the least possible tax…

  13. Wind Energy Conversion Systems. A Unit of Instruction.

    Science.gov (United States)

    Greenwald, Martin

    The number of secondary schools, colleges, and universities offering courses in wind energy machine construction, repair, and installation, continues to increase. It is the purpose of this unit to include the study of wind energy conversion systems (WECS) as an integral part of related vocational and technical curriculum materials. The unit's…

  14. Pricing according to the comprehensive system of information management factors (for example, the ETH “The University Book”

    Directory of Open Access Journals (Sweden)

    N.V. Gaydabrus

    2011-10-01

    Full Text Available The article deals with the establishment of reasonable pricing, taking into account external factors affecting it. Taking for example Trade & Publishing House University Book this approach developed by the price of a new children's English-Russian dictionary, which they plan to release.

  15. Lessons from game theory about healthcare system price inflation: evidence from a community-level case study.

    Science.gov (United States)

    Agee, Mark D; Gates, Zane

    2013-02-01

    Game theory is useful for identifying conditions under which individual stakeholders in a collective action problem interact in ways that are more cooperative and in the best interest of the collective. The literature applying game theory to healthcare markets predicts that when providers set prices for services autonomously and in a noncooperative fashion, the market will be susceptible to ongoing price inflation. We compare the traditional fee-for-service pricing framework with an alternative framework involving modified doctor, hospital and insurer pricing and incentive strategies. While the fee-for-service framework generally allows providers to set prices autonomously, the alternative framework constrains providers to interact more cooperatively. We use community-level provider and insurer data to compare provider and insurer costs and patient wellness under the traditional and modified pricing frameworks. The alternative pricing framework assumes (i) providers agree to manage all outpatient claims; (ii) the insurer agrees to manage all inpatient clams; and (iii) insurance premiums are tied to patients' healthy behaviours. Consistent with game theory predictions, the more cooperative alternative pricing framework benefits all parties by producing substantially lower administrative costs along with higher profit margins for the providers and the insurer. With insurance premiums tied to consumers' risk-reducing behaviours, the cost of insurance likewise decreases for both the consumer and the insurer.

  16. Construction And Application Of Thermal Power Plant Coal-Fired Unit Price Analysis Model%火力发电厂燃煤单价分析模型的构建与应用

    Institute of Scientific and Technical Information of China (English)

    徐旭; 王树政; 方良兵

    2015-01-01

    The article introduces the background, model innovation of analysis coal-fired unit price analysis model construction. It also introduces model construction method and contented model application casesdetail. It finally proposes economic benefits after the model is applied. Through establishment of model embedded into EXCEL table, we can quantitatively analyze the whole the process of coal-fired price from entering the factory to burning in the furnace, it reveals the standard coal unit price change trend and its cause, which help guide the business management practice and provide effective reference for administrators decision-making.%简单介绍了燃煤单价分析模型构建的背景,模型的创新点,详细介绍了模型的构建方法和内容及模型应用的实例,最后给出了模型应用后的经济效益。通过建立模型嵌入到EXCEL表格中,文表并茂进行定量分析,可以实现对燃煤价格从入厂到入炉的全过程分析,揭示标煤单价变化的态势及其成因,有助于指导经营管理实践,为管理者制订决策提供有效的参考。

  17. A Generation Pricing Method with Capacity Bidding

    Institute of Scientific and Technical Information of China (English)

    2001-01-01

    Due to historic reasons China encounters some special difficulties in ESI (electricity system industry) restructuring. An easy and simple electricity value equivalent (es-EVE) method for day-ahead pool purchase pricing of China is therefore presented in this paper. The es-EVE method is different from two-part and one-part tariffs. It is more like the UK's method in form, but revised for China with some new concepts and procedure. The main contributions of it include: (1) Find two kinds of eigenvalue, namely EVEs, in an optimization model, (2) Define new concepts of virtual units and feasible region, (3) Twice merit orderings are employed successively to find marginal price. They are simple maximum and minimum comparison procedures and so on. The special economic significance of the method for China is discussed, and some suggestion for ESI restructuring based on es-EVE method are provided. A case study is offered at the end of the paper.

  18. The Precious Sortie: The United States Air Force at the Intersection of Rising Energy Prices, an Aging Fleet, a Struggling Recapitalization Effort, and Stressed Defense Budgets

    Science.gov (United States)

    2009-03-01

    Respondents should be aware that notwithstanding any other provision of law , no person shall be subject to a penalty for failing to comply with a collection...them at their own peril. 26 NOTES 1 Gayle Putrich and Vago Muridan, "Rising Oil Prices Change USAF Ops," DefenseNews, July 14, 200S, http...accessed July 30, 200S). 4 Vago Muridan, "Oil Prices Reshape How the Air Force Flies," AirForceTimes, July 14, 200S,_ http://www.airforcetimes.com

  19. National Wilderness Preservation System of the United States - Direct Download

    Data.gov (United States)

    U.S. Geological Survey, Department of the Interior — This map layer consists of National Wilderness Preservation System areas of 640 acres or more, in the United States, Puerto Rico, and the U.S. Virgin Islands. The...

  20. Reliability analysis of two unit parallel repairable industrial system

    Directory of Open Access Journals (Sweden)

    Mohit Kumar Kakkar

    2015-09-01

    Full Text Available The aim of this work is to present a reliability and profit analysis of a two-dissimilar parallel unit system under the assumption that operative unit cannot fail after post repair inspection and replacement and there is only one repair facility. Failure and repair times of each unit are assumed to be uncorrelated. Using regenerative point technique various reliability characteristics are obtained which are useful to system designers and industrial managers. Graphical behaviors of mean time to system failure (MTSF and profit function have also been studied. In this paper, some important measures of reliability characteristics of a two non-identical unit standby system model with repair, inspection and post repair are obtained using regenerative point technique.

  1. Pricing and Application of Electric Storage

    Science.gov (United States)

    Zhao, Jialin

    Electric storage provides a vehicle to store power for future use. It contributes to the grids in multiple aspects. For instance, electric storage is a more effective approach to provide electricity ancillary services than conventional methods. Additionally, electric storage, especially fast-responding units, allows owners to implement high-frequency power transactions in settings such as the 5-min real-time trading market. Such high-frequency power trades were limited in the past. However, as technology advances, the power markets have evolved. For instance, the California Independent System Operator now supports the 5-min real-time trading and the hourly day-ahead ancillary services bidding. Existing valuation models of electric storage were not designed to accommodate these recent market developments. To fill this gap, I focus on the fast-responding grid-level electric storage that provides both the real-time trading and the day-ahead ancillary services bidding. To evaluate such an asset, I propose a Monte Carlo Simulation-based valuation model. The foundation of my model is simulations of power prices. This study develops a new simulation model of electric prices. It is worth noting that, unlike existing models, my proposed simulation model captures the dependency of the real-time markets on the day-ahead markets. Upon such simulations, this study investigates the pricing and the application of electric storage at a 5-min granularity. Essentially, my model is a Dynamic Programming system with both endogenous variables (i.e., the State-of-Charge of electric storage) and exogenous variables (i.e., power prices). My first numerical example is the valuation of a fictitious 4MWh battery. Similarly, my second example evaluates the application of two units of 2MWh batteries. By comparing these two experiments, I investigate the issues related to battery configurations, such as the impacts of splitting storage capability on the valuation of electric storage.

  2. Forward and Spot Prices in Multi-Settlement Wholesale Electricity Markets

    Science.gov (United States)

    Larrieu, Jeremy

    In organized wholesale electricity markets, power is sold competitively in a multi-unit multi-settlement single-price auction comprised of a forward and a spot market. This dissertation attempts to understand the structure of the forward premium in these markets, and to identify the factors that may lead forward and spot prices to converge or diverge. These markets are unique in that the forward demand is price-sensitive, while spot residual demand is perfectly inelastic and must be met in full, a crucial design feature the literature often glosses over. An important contribution of this dissertation is the explicit modeling of each market separately in order to understand how generation and load choose to act in each one, and the consequences of these actions on equilibrium prices and quantities given that firms maximize joint profits over both markets. In the first essay, I construct a two-settlement model of electricity prices in which firms that own asymmetric capacity-constrained units facing convex costs compete to meet demand from consumers, first in quantities, then in prices. I show that the forward premium depends on the costliness of spot production relative to firms' ability to exercise market power by setting quantities in the forward market. In the second essay, I test the model from the first essay with unit-level capacity and marginal cost data from the California Independent System Operator (CAISO). I show that the model closely replicates observed price formation in the CAISO. In the third essay, I estimate a time series model of the CAISO forward premium in order to measure the impact that virtual bidding has had on forward and spot price convergence in California between April 2009 and March 2014. I find virtual bidding to have caused forward and spot prices to diverge due to the large number of market participants looking to hedge against - or speculate on - the occurrence of infrequent but large spot price spikes by placing virtual demand bids.

  3. 当今世界两种图书价格制度比较研究%A Contrastive Study of Two Book Price Systems in Modern World

    Institute of Scientific and Technical Information of China (English)

    吴赟

    2013-01-01

    Which book price system is to choose is mainly decided by the national condition and the actual needs of publishing markets .Generally speaking, the countries implementing free book price system mostly take the values of market economy and the Neo-liberalism economic policy as the theory basis and logical start-ing point, and these countries regard the publishing industry as the ordinary economical industry to encourage the free competition among the publishing markets;While countries persisting in the fixed book price system mostly carry out the ideas of “Culture Exceptionalism” and emphasize the cultural characteristics of the pub-lishing industry, and implement many protection policies for the cultural industries such as publishing .The fixed price system of China’s publishing industry has become a nominal fixed price system , but China’s cur-rent macroeconomic environment and the publishing market environment has decided that China should still persist in the fixed book price (the price limitation) system and carry on the full refinement and consummation to this system.%  选择何种图书价格制度,主要由各国国情和出版市场发展的实际需要决定。整体而言,实施图书自由价格制度的国家,大多以市场经济价值观和新自由主义(Neo-liberalism)的经济政策为理论依据和逻辑出发点,将出版业视同一般的经济产业,鼓励出版市场自由竞争;而坚持图书固定价格制度的国家,多奉行“文化例外论”理念,强调出版业的文化特性,对出版等文化行业实行较多的保护政策。中国出版业的固定价格体系业已成为一种名义上的固定价格体系,但中国现阶段的宏观经济环境与出版产业市场环境,决定了中国仍需坚持图书固定价格(限价)制度,并对这一制度进行全方位的细化、完善。

  4. The market future of automated price parsing systems for the electric power

    Directory of Open Access Journals (Sweden)

    Elena Zhuravleva

    2013-03-01

    Full Text Available Application of automated control systems allows providing better control on energy resources consumption, improving accountability, optimizing costs of energy resources. There is a need for the automated system which unifies all competing service providers of electric power and creates the monitoring environment of services on the basis of parsing. In such integrated system data collection is carried out in a uniform electronic platform (environment based on the indicator “electric power service price”.

  5. Cancer Drugs: An International Comparison of Postlicensing Price Inflation.

    Science.gov (United States)

    Savage, Philip; Mahmoud, Sarah; Patel, Yogin; Kantarjian, Hagop

    2017-06-01

    The cost of cancer drugs forms a rising proportion of health care budgets worldwide. A number of studies have examined international comparisons of initial cost, but there is little work on postlicensing price increases. To examine this, we compared cancer drug prices at initial sale and subsequent price inflation in the United States and United Kingdom and also reviewed relevant price control mechanisms. The 10 top-selling cancer drugs were selected, and their prices at initial launch and in 2015 were compared. Standard nondiscounted prices were obtained from the relevant annual copies of the RED BOOK and the British National Formulary. At initial marketing, prices were on average 42% higher in the United States than in the United Kingdom. After licensing in the United States, all 10 drugs had price rises averaging an overall annual 8.8% (range, 1.4% to 24.1%) increase. In comparison, in the United Kingdom, six drugs had unchanged prices, two had decreased prices, and two had modest price increases. The overall annual increase in the United Kingdom was 0.24%. Cancer drug prices are rising substantially, both at their initial marketing price and, in the United States, at postlicensing prices. In the United Kingdom, the Pharmaceutical Price Regulation Scheme, an agreement between the government and the pharmaceutical industry, controls health care costs while allowing a return on investment and funds for research. The increasing costs of cancer drugs are approaching the limits of sustainability, and a similar government-industry agreement may allow stability for both health care provision and the pharmaceutical industry in the United States.

  6. Universality of Tail Exponents of Price Changes?

    Science.gov (United States)

    Huang, Luwen; Farmer, Doyne

    2007-03-01

    We study the tail exponents of the distribution of logarithmic price changes in financial markets, and investigate the conjecture that they are universal with an exponent near three. Using data from the London Stock Exchange, we construct the empirical distributions of price returns on several different time scales and study their variation as a function of parameters such as trading volume and tick size (the minimal unit of price variation).

  7. State energy price and expenditure report 1992

    Energy Technology Data Exchange (ETDEWEB)

    1994-12-01

    The State Energy Price and Expenditure Report (SEPER) presents energy price and expenditure estimates individually for the 50 States and the District of Columbia and in aggregate for the United States. The price and expenditure estimates are provided by energy source and economic sector and are published for the years 1970, 1980, and 1985 through 1992. Data for all years, 1970 through 1992, are available on personal computer diskettes.

  8. Impact of Fluctuating Energy Prices on the Operation Strategy of a Trigeneration System

    Directory of Open Access Journals (Sweden)

    Dražen Balić

    2015-09-01

    The optimization method is based on two criteria – energy and economic criterion, which were applied hierarchically. Therefore, two optimal operation strategies are introduced. A mixed integer non-linear programming model provides energy and cost savings up to 32% and 28% respectively in comparison with conventional system. In addition, optimal capacity of trigeneration system is explored.

  9. Internet Resource Pricing Models, Mechanisms, and Methods

    CERN Document Server

    He, Huan; Liu, Ying

    2011-01-01

    With the fast development of video and voice network applications, CDN (Content Distribution Networks) and P2P (Peer-to-Peer) content distribution technologies have gradually matured. How to effectively use Internet resources thus has attracted more and more attentions. For the study of resource pricing, a whole pricing strategy containing pricing models, mechanisms and methods covers all the related topics. We first introduce three basic Internet resource pricing models through an Internet cost analysis. Then, with the evolution of service types, we introduce several corresponding mechanisms which can ensure pricing implementation and resource allocation. On network resource pricing methods, we discuss the utility optimization in economics, and emphasize two classes of pricing methods (including system optimization and entities' strategic optimizations). Finally, we conclude the paper and forecast the research direction on pricing strategy which is applicable to novel service situation in the near future.

  10. Weapons Systems, United States Army 1997.

    Science.gov (United States)

    1997-01-01

    in a tactical environment. The M1070 trac - tor has front- and rear-axle steering, a central tire inflation system, and cab space for six personnel to...Cavalry Regiments-Squadrons, Field Artillery Battalions A3-based BFIST planned (XM7A1) France: AMX-10 PAC-90, AMX VTT /LT; Russia: BMP PRP-3, BMP PRP-4...Sensor-Heavy, Armored Transport and Treatment Vehicle (planned) China: Type 85 ACV, WZ-506, Type 90 CV; France: AMX-10PC, AMX VTT /PC; Germany: Tpzl

  11. [Health system reform in the United Kingdom].

    Science.gov (United States)

    Matsuda, Shinya

    2013-12-01

    How to control the increasing health expenditures is a common problem in the developed countries. The main causes of this increase are ageing of the society and medical innovation. The UK government has introduced a market oriented health reform in order to balance the increasing expenditures and the quality of care. For example, they have introduced the GP Fundholding, Private Financial Initiative (PFI) for construction of public hospital, and personal budget system (a patient owns a budget for buying health services in the deregulated market). However, there is little evidence indicating the effectiveness of these programs. On the other hand, it is important to strengthen the labor policy in order to maintain the social security system. For example, programs for increasing the employment rate and those for increasing productivity work sharing are such policies. From this viewpoint, the EU countries have introduced a series of active employment policies, i.e., job training for unemployed persons and work sharing. Furthermore, as other authors report in other articles of this volume, the government of the UK has introduced the Fit for Work (FFW) program that intends to medically support workers.

  12. 48 CFR 46.707 - Pricing aspects of fixed-price incentive contract warranties.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 1 2010-10-01 2010-10-01 false Pricing aspects of fixed-price incentive contract warranties. 46.707 Section 46.707 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION CONTRACT MANAGEMENT QUALITY ASSURANCE Warranties 46.707 Pricing aspects...

  13. Exploring Psychological Systems with the 'Method of Units'

    Directory of Open Access Journals (Sweden)

    B.I. Bespalov

    2015-08-01

    Full Text Available The paper considers the units of psychological systems proposed in the works of the founders of activity theory (L.S. Vygotsky, A.N. Leontiev, S.L. Rubinstein and others from the perspective of a fuzzy logic model of the unity of opposite sides of the units developed by the author. A clear distinction is drawn between the concepts of 'unit', 'basic unit' and 'cell' of a psychological system. The paper also reviews some goals, outcomes and means of exploring psychological systems with the 'method of units'. This method is aimed at finding components in a system that have significant features in common with this system, features which can turn into each other through the 'moments of their equality' or unity. Describing such transitions (for example, of conscious actions into unconscious operations helps to reveal the mechanisms of the corresponding psychological processes. The paper draws a comparison between the 'chunks of information' in cognitive psychology and the 'units of psychological interaction' in activity theory

  14. The Weird Vegetable Price

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    The Chinese Government faces the task of stabilizing vegetable prices to avoid steep increases and dips Fluctuations of vegetable prices in China have recently caused near panic in the domestic market.Purchase prices for farm produce are decreasing dramatically

  15. Retrospective Evaluation of Appliance Price Trends

    Energy Technology Data Exchange (ETDEWEB)

    Dale, Larry; Antinori, Camille; McNeil, Michael; McMahon, James E.; Fujita, K. Sydny

    2008-07-20

    Real prices of major appliances (refrigerators, dishwashers, heating and cooling equipment) have been falling since the late 1970s despite increases in appliance efficiency and other quality variables. This paper demonstrates that historic increases in efficiency over time, including those resulting from minimum efficiency standards, incur smaller price increases than were expected by Department of Energy (DOE) forecasts made in conjunction with standards. This effect can be explained by technological innovation, which lowers the cost of efficiency, and by market changes contributing to lower markups and economies of scale in production of higher efficiency units. We reach four principal conclusions about appliance trends and retail price setting: 1. For the past several decades, the retail price of appliances has been steadily falling while efficiency has been increasing. 2. Past retail price predictions made by DOE analyses of efficiency standards, assuming constant prices over time, have tended to overestimate retail prices. 3. The average incremental price to increase appliance efficiency has declined over time. DOE technical support documents have typically overestimated this incremental price and retail prices. 4. Changes in retail markups and economies of scale in production of more efficient appliances may have contributed to declines in prices of efficient appliances.

  16. Transition in the waiting-time distribution of price-change events in a global socioeconomic system

    Science.gov (United States)

    Zhao, Guannan; McDonald, Mark; Fenn, Dan; Williams, Stacy; Johnson, Nicholas; Johnson, Neil F.

    2013-12-01

    The goal of developing a firmer theoretical understanding of inhomogeneous temporal processes-in particular, the waiting times in some collective dynamical system-is attracting significant interest among physicists. Quantifying the deviations between the waiting-time distribution and the distribution generated by a random process may help unravel the feedback mechanisms that drive the underlying dynamics. We analyze the waiting-time distributions of high-frequency foreign exchange data for the best executable bid-ask prices across all major currencies. We find that the lognormal distribution yields a good overall fit for the waiting-time distribution between currency rate changes if both short and long waiting times are included. If we restrict our study to long waiting times, each currency pair’s distribution is consistent with a power-law tail with exponent near to 3.5. However, for short waiting times, the overall distribution resembles one generated by an archetypal complex systems model in which boundedly rational agents compete for limited resources. Our findings suggest that a gradual transition arises in trading behavior between a fast regime in which traders act in a boundedly rational way and a slower one in which traders’ decisions are driven by generic feedback mechanisms across multiple timescales and hence produce similar power-law tails irrespective of currency type.

  17. An Inventory Model with Price and Quality Dependent Demand Where Some Items Produced Are Defective

    Directory of Open Access Journals (Sweden)

    Tapan Kumar Datta

    2013-01-01

    Full Text Available This paper analyzes an inventory system for joint determination of product quality and selling price where a fraction of items produced are defective. It is assumed that only a fraction of defective items can be repaired/reworked. The demand rate depends upon both the quality and the selling price of the product. The production rate, unit price, and carrying cost depend upon the quality of the items produced. Quality index is used to determine the quality of the product. An algorithm is provided to solve the model with given values of model parameters. Sensitivity analysis has also been performed.

  18. Controlling Electricity Consumption by Forecasting its Response to Varying Prices

    DEFF Research Database (Denmark)

    Corradi, Olivier; Ochsenfeld, Henning Peter; Madsen, Henrik

    2013-01-01

    electricity consumption using a one-way price signal. Estimation of the price-response is based on data measurable at grid level, removing the need to install sensors and communication devices between each individual consumer and the price-generating entity. An application for price-responsive heating systems......In a real-time electricity pricing context where consumers are sensitive to varying prices, having the ability to anticipate their response to a price change is valuable. This paper proposes models for the dynamics of such price-response, and shows how these dynamics can be used to control...

  19. 7 CFR 1000.50 - Class prices, component prices, and advanced pricing factors.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 9 2010-01-01 2009-01-01 true Class prices, component prices, and advanced pricing... advanced pricing factors. Class prices per hundredweight of milk containing 3.5 percent butterfat, component prices, and advanced pricing factors shall be as follows. The prices and pricing factors...

  20. 48 CFR 570.110 - Cost or pricing data and information other than cost or pricing data.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 4 2010-10-01 2010-10-01 false Cost or pricing data and information other than cost or pricing data. 570.110 Section 570.110 Federal Acquisition Regulations System... PROPERTY General 570.110 Cost or pricing data and information other than cost or pricing data. (a)...

  1. Regulation of pharmaceutical prices: evidence from a reference price reform in Denmark.

    Science.gov (United States)

    Kaiser, Ulrich; Mendez, Susan J; Rønde, Thomas; Ullrich, Hannes

    2014-07-01

    Reference price systems for prescription drugs constitute widely adopted cost containment tools. Under these regimes, patients co-pay a fraction of the difference between a drug's pharmacy retail price and a reference price that is set by the government. Reference prices are either externally (based on drug prices in other countries) or internally (based on domestic drug prices) determined. We study the effects of a change from external to internal reference pricing in Denmark in 2005. We find that the reform led to substantial reductions in retail prices, reference prices and patient co-payments as well as to sizable decreases in overall producer revenues and health care expenditures. The reform induced consumers to substitute away from branded drugs for which we estimate strong preferences. The increase in consumer welfare due to the reform therefore depends on whether or not we take perceived quality differences into account in its calculation. Copyright © 2014 Elsevier B.V. All rights reserved.

  2. Pricing and Trust

    DEFF Research Database (Denmark)

    Huck, Steffen; Ruchala, Gabriele K.; Tyran, Jean-Robert

    We experimentally examine the effects of flexible and fixed prices in markets for experience goods in which demand is driven by trust. With flexible prices, we observe low prices and high quality in competitive (oligopolistic) markets, and high prices coupled with low quality in non-competitive...... (monopolistic) markets. We then introduce a regulated intermediate price above the oligopoly price and below the monopoly price. The effect in monopolies is more or less in line with standard intuition. As price falls volume increases and so does quality, such that overall efficiency is raised by 50%. However...

  3. A technique for unit commitment with energy storage system

    Energy Technology Data Exchange (ETDEWEB)

    Senjyu, Tomonobu; Miyagi, Tsukasa; Ahmed Yousuf, Saber; Urasaki, Naomitsu [Faculty of Engineering, University of the Ryukyus, 1 Senbaru, Nishihara-cho Nakagami, Okinawa 903-0213 (Japan); Funabashi, Toshihisa [Meidensha Corporation, Riverside Building 36-2, Nihonbashi, Hokozakicho, Chuo-ku, Tokyo 103-8515 (Japan)

    2007-01-15

    This paper introduces the scheduling method for thermal and energy storage system (ESS) unit commitment. The ESS is incorporated to achieve peak load-levelling and reduce the total cost. The thermal scheduling is implemented by the extended priority list (EPL) method. The EPL method consists of two steps, in the first step we get rapidly some initial unit commitment schedules by the priority list (PL) method. In this step, operational constraints are disregarded. In the second step, unit schedules are modified using the problem specific heuristics to fulfill operational constraints and to reduce the total cost. To calculate efficiently, heuristics are only applied to solutions which can be expected improvement. The ramp constraints for thermal unit are considered at the last of EPL method. The ESS scheduling is carried out based on the thermal unit schedule obtained by the EPL method. Several numerical examples demonstrate the effectiveness of the proposed method. (author)

  4. 39 CFR 551.6 - Pricing.

    Science.gov (United States)

    2010-07-01

    ... 39 Postal Service 1 2010-07-01 2010-07-01 false Pricing. 551.6 Section 551.6 Postal Service UNITED STATES POSTAL SERVICE POSTAGE PROGRAMS SEMIPOSTAL STAMP PROGRAM § 551.6 Pricing. (a) The Semipostal Authorization Act, as amended by Public Law 107-67, section 652, 115 Stat. 514 (2001), prescribes that the...

  5. Dynamic pricing by scalable energy management systems Field experiences and simulation results using PowerMatcher

    NARCIS (Netherlands)

    Kok, J.K.; Roossien, B.; MacDougall, P.; Pruissen, O. van; Venekamp, G.; Kamphuis, R.; Laarakkers, J.; Warmer, C.

    2012-01-01

    Response of demand, distributed generation and electricity storage (e.g. vehicle to grid) will be crucial for power systems management in the future smart electricity grid. In this paper, we describe a smart grid technology that integrates demand and supply flexibility in the operation of the electr

  6. Price Development of Photovoltaic Modules, Inverters and Systems in the Netherlands

    NARCIS (Netherlands)

    Sark, W.G.J.H.M. van; Muizebelt, P.; Cace, J.; Vries, A. de; Rijk, P. de

    2014-01-01

    Since 2010 the Dutch photovoltaic (PV) market has been growing fast, with around doubling of installed capacity in 2011 and 2012. Four quarterly inventories have been made in 2012 for modules, inverters, and systems that are presently available for purchase in the Netherlands. We have found that the

  7. Price development of photovoltaic modules, inverters, and systems in the Netherlands in 2012

    NARCIS (Netherlands)

    Van Sark, Wilfried G J H M|info:eu-repo/dai/nl/074628526; Muizebelt, Peter; Cace, Jadranka; de Vries, Arthur; de Rijk, Peer

    2014-01-01

    Since 2010 the Dutch photovoltaic (PV) market has been growing fast, with around doubling of installed capacity in 2011 and 2012. Four quarterly inventories have been made in 2012 for modules, inverters, and systems that are presently available for purchase in the Netherlands. We have found that the

  8. Dynamic pricing by scalable energy management systems Field experiences and simulation results using PowerMatcher

    NARCIS (Netherlands)

    Kok, J.K.; Roossien, B.; MacDougall, P.; Pruissen, O. van; Venekamp, G.; Kamphuis, R.; Laarakkers, J.; Warmer, C.

    2012-01-01

    Response of demand, distributed generation and electricity storage (e.g. vehicle to grid) will be crucial for power systems management in the future smart electricity grid. In this paper, we describe a smart grid technology that integrates demand and supply flexibility in the operation of the electr

  9. APPLICATION OF MODIFIED POWER FLOW TRACING METHOD FOR REACTIVE POWER PRICING IN PRACTICAL UTILITY SYSTEM

    Directory of Open Access Journals (Sweden)

    M. SUSITHRA

    2017-01-01

    Full Text Available Competitive trend towards restructuring and unbundling of transmission services has resulted in the need to discover the impact of a particular generator to load. This paper initially presents the analysis of three different reactive power valuation methods namely, Modified Ybus , Virtual flow approach and modified power flow tracing to compute the reactive power output from a particular generator to particular load. Among these methods, the modified power flow electricity tracing method is identified as the best method to trace the reactive power contribution from various reactive power sources to loads, transmission line, etc. Also this proposed method breakdown the total reactive power loss in a transmission line into components to be allocated to individual loads. Secondly, based on this Method a novel allocation method for reactive power service for practical system is proposed. Hence, this method can be useful in providing additional insight into power system operation and can be used to modify existing tariffs of charging for reactive power transmission loss and reactive power transmission services. Simulation and comparison results are shown by taking WSCC 9 and IEEE 30 bus system as test system.

  10. Optimal Operation of Combined Heat and Power System Based on Forecasted Energy Prices in Real-Time Markets

    Directory of Open Access Journals (Sweden)

    Chenghong Gu

    2015-12-01

    Full Text Available This paper develops a discrete operation optimization model for combined heat and powers (CHPs in deregulated energy markets to maximize owners’ profits, where energy price forecasting is included. First, a single input and multi-output (SIMO model for typical CHPs is established, considering the varying ratio between heat and electricity outputs at different loading levels. Then, the energy prices are forecasted with a gray forecasting model and revised in real-time based on the actual prices by using the least squares method. At last, a discrete optimization model and corresponding dynamic programming algorithm are developed to design the optimal operation strategies for CHPs in real-time. Based on the forecasted prices, the potential operating strategy which may produce the maximum profits is pre-developed. Dynamic modification is then conducted to adjust the pre-developed operating strategy after the actual prices are known. The proposed method is implemented on a 1 MW CHP on a typical day. Results show the optimized profits comply well with those derived from real-time prices after considering dynamic modification process.

  11. Economics of conservation systems research in the Southeastern United States

    Science.gov (United States)

    The use of conservation systems in crop production is not a new concept in the southeastern United States. In 1978, researchers from across the Southeast met in Griffin, Georgia for the first annual Southern Conservation Agricultural Systems Conference. Four of the ten presentations specifically men...

  12. Various scoring systems for predicting mortality in Intensive Care Unit

    African Journals Online (AJOL)

    2015-12-07

    Dec 7, 2015 ... characteristic (ROC) curve was used to determine a cut‑off value for mortality and .... present study aimed to compare the third generation scoring systems .... Doganay Z. Scoring systems for intensive care unit. In: Şahinoğlu ...

  13. Space vehicle field unit and ground station system

    Energy Technology Data Exchange (ETDEWEB)

    Judd, Stephen; Dallmann, Nicholas; Delapp, Jerry; Proicou, Michael; Seitz, Daniel; Michel, John; Enemark, Donald

    2017-09-19

    A field unit and ground station may use commercial off-the-shelf (COTS) components and share a common architecture, where differences in functionality are governed by software. The field units and ground stations may be easy to deploy, relatively inexpensive, and be relatively easy to operate. A novel file system may be used where datagrams of a file may be stored across multiple drives and/or devices. The datagrams may be received out of order and reassembled at the receiving device.

  14. Space vehicle field unit and ground station system

    Science.gov (United States)

    Judd, Stephen; Dallmann, Nicholas; Delapp, Jerry; Proicou, Michael; Seitz, Daniel; Michel, John; Enemark, Donald

    2016-10-25

    A field unit and ground station may use commercial off-the-shelf (COTS) components and share a common architecture, where differences in functionality are governed by software. The field units and ground stations may be easy to deploy, relatively inexpensive, and be relatively easy to operate. A novel file system may be used where datagrams of a file may be stored across multiple drives and/or devices. The datagrams may be received out of order and reassembled at the receiving device.

  15. Quick setup of unit test for accelerator controls system

    Energy Technology Data Exchange (ETDEWEB)

    Fu, W.; D' Ottavio, T.; Gassner, D.; Nemesure, S.; Morris, J.

    2011-03-28

    Testing a single hardware unit of an accelerator control system often requires the setup of a program with graphical user interface. Developing a dedicated application for a specific hardware unit test could be time consuming and the application may become obsolete after the unit tests. This paper documents a methodology for quick design and setup of an interface focused on performing unit tests of accelerator equipment with minimum programming work. The method has three components. The first is a generic accelerator device object (ADO) manager which can be used to setup, store, and log testing controls parameters for any unit testing system. The second involves the design of a TAPE (Tool for Automated Procedure Execution) sequence file that specifies and implements all te testing and control logic. The sting third is the design of a PET (parameter editing tool) page that provides the unit tester with all the necessary control parameters required for testing. This approach has been used for testing the horizontal plane of the Stochastic Cooling Motion Control System at RHIC.

  16. The Association of Gasoline Prices With Hospital Utilization and Costs for Motorcycle and Nonmotorcycle Motor Vehicle Injuries in the United States.

    Science.gov (United States)

    Zhu, He; Wilson, Fernando A; Stimpson, Jim P; Araz, Ozgur M; Kim, Jungyoon; Chen, Baojiang; Wu, Li-Tzy

    2016-09-01

    This study examined the association between gasoline prices and hospitalizations for motorcycle and nonmotorcycle motor vehicle crash (MVC) injuries. Data on inpatient hospitalizations were obtained from the 2001 to 2010 Nationwide Inpatient Sample. Panel feasible generalized least squares models were used to estimate the effects of monthly inflation-adjusted gasoline prices on hospitalization rates for MVC injuries and to predict the impact of increasing gasoline taxes. On the basis of the available data, a $1.00 increase in the gasoline tax was associated with an estimated 8348 fewer annual hospitalizations for nonmotorcycle MVC injuries, and reduced hospital costs by $143 million. However, the increase in the gasoline tax was also associated with an estimated 3574 more annual hospitalizations for motorcycle crash injuries, and extended hospital costs by $73 million. This analysis of some existing data suggest that the increased utilization and costs of hospitalization from motorcycle crash injuries associated with an increase in the price of gasoline are likely to substantially offset reductions in nonmotorcycle MVC injuries. A policy decision to increase the gasoline tax could improve traffic safety if the increased tax is paired with public health interventions to improve motorcycle safety.

  17. From tariffs to prices

    Energy Technology Data Exchange (ETDEWEB)

    Baena, D. Eduardo Martin [Endesa, Principe de Vergara 187, Madrid (Spain)

    1998-07-01

    It looks like that all over the World things are changing. Many countries, Spain among them, where electricity regulations were usual, are changing their regulatory mainframe. Since January 1, 1998, electricity production is a deregulated activity in Spain. There has to be open market competition. Prices that are very important for the time coming, have to cover the production cost plus some profits in order to maintain the company profitability. This cultural change applies to all our production facilities, including nuclear power plants. Taking into account this new situation and the nuclear competitiveness, it is important for all of us to understand this issue. As it is well known, nuclear energy is capital intensive, that means it has to compete as base load units due to their low operating costs and their large capital ones. For that reason it is important to reduce as much as possible the operating and maintenance cost as well as the fuel one, which will allow nuclear plants to compete in marginal costs with others units. Nuclear energy, in Spain, is not going to fix the pool price but it has to recover some depreciation through it, the remaining being recovered by the recognition of an important part of the stranded cost. (author)

  18. Ongoing Space Nuclear Systems Development in the United States

    Energy Technology Data Exchange (ETDEWEB)

    S. Bragg-Sitton; J. Werner; S. Johnson; Michael G. Houts; Donald T. Palac; Lee S. Mason; David I. Poston; A. Lou Qualls

    2011-10-01

    Reliable, long-life power systems are required for ambitious space exploration missions. Nuclear power and propulsion options can enable a bold, new set of missions and introduce propulsion capabilities to achieve access to science destinations that are not possible with more conventional systems. Space nuclear power options can be divided into three main categories: radioisotope power for heating or low power applications; fission power systems for non-terrestrial surface application or for spacecraft power; and fission power systems for electric propulsion or direct thermal propulsion. Each of these areas has been investigated in the United States since the 1950s, achieving various stages of development. While some nuclear systems have achieved flight deployment, others continue to be researched today. This paper will provide a brief overview of historical space nuclear programs in the U.S. and will provide a summary of the ongoing space nuclear systems research, development, and deployment in the United States.

  19. Coordinated Oil Price Readjustment Plan

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    In March this year, the National Development and Reform Commission issued an oil price readjustment plan, including the establishment of a subsidy system for disadvantaged sections of the community and public service sectors, a price linkage mechanism for related industries, and a fiscal adjustment mechanism for oil enterprises. The recipients of the subsidies mainly include farmers, fishermen and fishing firms, state-owned forestry enterprises and urban public transportation firms.

  20. The vacuum system for technological unit development and design

    Science.gov (United States)

    Zhukeshov, A. M.; Gabdullina, A. T.; Amrenova, A. U.; Giniyatova, Sh G.; Kaibar, A.; Sundetov, A.; Fermakhan, K.

    2015-11-01

    The paper shows results of development of plasma technological unit on the basis of accelerator of vacuum arc and automated system. During the previous years, the authors investigated the operation of pulsed plasma accelerator and developed unique technologies for hardening of materials. Principles of plasma formation in pulsed plasma accelerator were put into basis of the developed unit. Operation of the pulsed arc accelerator was investigated at different parameters of the charge. The developed vacuum system is designed for production of hi-tech plasma units in high technologies in fields of nanomaterials, mechanical and power engineering and production with high added value. Unlike integrated solutions, the system is a module one to allow its low cost, high reliability and simple maintenance. The problems of use of robots are discussed to modernize the technological process.

  1. 48 CFR 52.216-5 - Price Redetermination-Prospective.

    Science.gov (United States)

    2010-10-01

    ... exceed any ceiling price included in the contract. (b) Definition. Costs, as used in this clause, means... 48 Federal Acquisition Regulations System 2 2010-10-01 2010-10-01 false Price Redetermination....216-5 Price Redetermination—Prospective. As prescribed in 16.205-4, insert the following clause: Price...

  2. Modeling the Volatility in Global Fertilizer Prices

    NARCIS (Netherlands)

    P-Y. Chen (Ping-Yu); C-L. Chang (Chia-Lin); C-C. Chen (Chi-Chung); M.J. McAleer (Michael)

    2010-01-01

    textabstractThe main purpose of this paper is to estimate the volatility in global fertilizer prices. The endogenous structural breakpoint unit root test and alternative volatility models, including the generalized autoregressive conditional heteroskedasticity (GARCH) model, Exponential GARCH (EGARC

  3. Essays on pricing electricity and electricity derivatives in deregulated markets

    Science.gov (United States)

    Popova, Julia

    2008-10-01

    This dissertation is composed of four essays on the behavior of wholesale electricity prices and their derivatives. The first essay provides an empirical model that takes into account the spatial features of a transmission network on the electricity market. The spatial structure of the transmission grid plays a key role in determining electricity prices, but it has not been incorporated into previous empirical models. The econometric model in this essay incorporates a simple representation of the transmission system into a spatial panel data model of electricity prices, and also accounts for the effect of dynamic transmission system constraints on electricity market integration. Empirical results using PJM data confirm the existence of spatial patterns in electricity prices and show that spatial correlation diminishes as transmission lines become more congested. The second essay develops and empirically tests a model of the influence of natural gas storage inventories on the electricity forward premium. I link a model of the effect of gas storage constraints on the higher moments of the distribution of electricity prices to a model of the effect of those moments on the forward premium. Empirical results using PJM data support the model's predictions that gas storage inventories sharply reduce the electricity forward premium when demand for electricity is high and space-heating demand for gas is low. The third essay examines the efficiency of PJM electricity markets. A market is efficient if prices reflect all relevant information, so that prices follow a random walk. The hypothesis of random walk is examined using empirical tests, including the Portmanteau, Augmented Dickey-Fuller, KPSS, and multiple variance ratio tests. The results are mixed though evidence of some level of market efficiency is found. The last essay investigates the possibility that previous researchers have drawn spurious conclusions based on classical unit root tests incorrectly applied to

  4. Electronic Unit Pump Diesel Engine Control Unit Design for Integrated Powertrain System

    Institute of Scientific and Technical Information of China (English)

    LIU Bo-lan; ZHAO Chang-lu; ZHANG Fu-jun; HUANG Ying

    2005-01-01

    The performance of the electronic unit pump (EUP) diesel engine is studied, it will be used in the integrated powertrain and its multi parameters are controllable. Both the theoretical analysis and experiment research are taken. A control unit for the fuel quantity and timing in crankshaft domain is designed on this basis and the engine experiment test has been done. For the constant speed camshaft driving EUP system, the fuel quantity will increase as the supply angle goes up and injection timing has no effect. The control precision can reach 1°CA. The full injection timing MAP and engine peak performance curves are made successfully.

  5. Dynamic pricing research of information system operation and maintenance services%信息系统运维服务的动态定价研究

    Institute of Scientific and Technical Information of China (English)

    徐颖; 葛世伦; 王念新

    2014-01-01

    信息系统运维服务的外包合同定价是现今运维服务业讨论的热点问题之一。文中以信息系统运维服务中的例行操作运维服务为对象,从信息系统运维服务供应商的角度出发,研究利润最大化情况下的信息系统运维服务的最优价格。首先,从信息系统运维服务供应商的角度,全面分析了信息系统运维服务的类型和特点,以及影响定价方法选择的因素,将企业分成4种类型;然后,利用两阶段动态定价模型和固定价格的定价方法,得到两阶段信息系统运维服务供应商利润最大化下的最优价格和4种类型的企业客户购买信息系统运维服务行为的临界点;最后,分析了企业的购买周期和信息系统复杂度对信息系统运维服务的价格和利润的影响。%The outsourcing contract pricing of information systems operation and maintenance services is one of the hot issues discussed in today′s operation and maintenance services area.Taking as the research subject rou-tine operation and maintenance services of information systems operation and maintenance,we study the informa-tion system operation and maintenance services best price in the case of profit maximization from the perspective of information system operation and maintenance services provider.First of all, from the information system ma-intenance services providers′point of view, we analyze the types and characteristics of information system mainte-nance services, and the factors that affecting the selection of pricing methods,enterprises being divided into four types.Secondly, we use two-stage dynamic pricing model and the pricing of fixed-price, getting the two stages in-formation system operation services suppliers′optimum price when profit is maximized and the behavior critical point of four types of enterprise customer purchasing information system operation and maintenance service.Last-ly, we analyze the impact of the

  6. Pricing and Trust

    DEFF Research Database (Denmark)

    Huck, Steffen; Ruchala, Gabriele K.; Tyran, Jean-Robert

    We experimentally examine the effects of flexible and fixed prices in markets for experience goods in which demand is driven by trust. With flexible prices, we observe low prices and high quality in competitive (oligopolistic) markets, and high prices coupled with low quality in non...

  7. Is an inefficient transmission market better than none at all? On zonal and nodal pricing in electricity systems

    Energy Technology Data Exchange (ETDEWEB)

    Bertsch, Joachim

    2015-09-15

    In this paper, the trade-off between inefficient transmission forward markets (in nodal pricing regimes) and the inefficiency induced by hiding transmission constraints from the market (in zonal pricing regimes) is analyzed. First, a simple two node model formalizing the general trade-off is developed. Then, comparative statics are performed with a stochastic equilibrium model including more nodes, loop flows and an energy and transmission forward market. Inefficiency in the transmission forward market is introduced via a bid-ask-spread and risk aversion of market participants. The welfare impacts for a broad range of supply, demand, grid and inefficiency parameters are analyzed numerically. For efficient spot and forward markets, the results of the literature of nodal pricing being the efficient benchmark are confirmed. With inefficient transmission forward markets, however, zonal pricing proves advantageous in situations with little congestion and low costs. The results imply that the trade-off between the pricing regimes should be considered carefully when defining the geographical scope of bidding zones.

  8. An Adaptive Multivariable Control System for Hydroelectric Generating Units

    Directory of Open Access Journals (Sweden)

    Gunne J. Hegglid

    1983-04-01

    Full Text Available This paper describes an adaptive multivariable control system for hydroelectric generating units. The system is based on a detailed mathematical model of the synchronous generator, the water turbine, the exiter system and turbine control servo. The models of the water penstock and the connected power system are static. These assumptions are not considered crucial. The system uses a Kalman filter for optimal estimation of the state variables and the parameters of the electric grid equivalent. The multivariable control law is computed from a Riccatti equation and is made adaptive to the generators running condition by means of a least square technique.

  9. Improving and optimising road pricing in Copenhagen

    DEFF Research Database (Denmark)

    Nielsen, Otto Anker; Larsen, Marie Karen

    2008-01-01

    though quite a number of proposed charging systems have been examined only a few pricing strategies have been investigated. This paper deals with the optimisation of different designs for a road pricing system in the Greater Copenhagen area with respect to temporal and spatial differentiation......The question whether to introduce toll rings or road pricing in Copenhagen has been discussed intensively during the last 10 years. The main results of previous analyses are that none of the systems would make a positive contribution at present, when considered from a socio-economic view. Even...... of the pricing levels. A detailed transport model was used to describe the demand effects. The model was based on data from a real test of road pricing on 500 car drivers. The paper compares the price systems with regard to traffic effects and generalised costs for users and society. It is shown how important...

  10. Influences of Price Table Management System on Cost Accounting%价表管理对成本核算的影响

    Institute of Scientific and Technical Information of China (English)

    薛运友

    2013-01-01

    The application and settings of Price Table Management System(PTMS)are closely linked to the medical cost accounting of departments.To classify medical fees in the Price Table Management System properly is a reliable source of economic information for medical cost accounting,and could also realize automatic data collect and statistic between the Price Table Management System and cost accounting system,to ensure the accuracy and scientific of cost accounting data,and improve hospital hygiene economy automation and scientific management level.%价表管理系统的应用设置与科室医疗成本核算联系密切,正确设置医疗收费项目进入价表管理系统后的归类,为医疗成本核算提供着可靠的经济信息来源,实现价表管理与成本核算系统间数据的自动归集和统计,确保成本核算数据的准确性和科学性,提高医院卫生经济自动化、科学化的管理水平.

  11. Oil Price Fluctuations and Industry Stock Return

    OpenAIRE

    Reza Tahmoorespour; Marjan Rezvani; Meysam Safari; Elias Randjbarand

    2015-01-01

    This study investigates the impact of oil price variation on 14 industries in six markets, including Canada, China, France, India, the United Kingdom, and the United States. Panel weekly data were collected from June 1998 to December 2011. The results indicate that price fluctuations primarily affect the Oil and Gas as well as the Mining industries and have the least influence on the Food and Beverage industry. Furthermore, in three out of six of these countries (Canada, France, and the U.K.)...

  12. 77 FR 840 - Pricing for 2012 Products Featuring $1 Coins

    Science.gov (United States)

    2012-01-06

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF THE TREASURY United States Mint Pricing for 2012 Products Featuring $1 Coins AGENCY: United States Mint, Department of the Treasury. ACTION: Notice. SUMMARY: The United States Mint is announcing 2012 pricing for...

  13. 建设工程综合工日人工单价的合理性探讨%The Rationality of the Artificial Unit Price in Comprehensive Man-Days in the Construction Project

    Institute of Scientific and Technical Information of China (English)

    杨智慧; 王文华

    2014-01-01

    Guangdong province construction engineering quota of labor cost accounts for the proportion of the total cost for 15 ~20%, profit margins of 18%of the labor .In recent years , with the construction labor costs continue to rise , artificial cost account-ing for the proportion of the total cost is rising .Based on the quota of labor cost and labor comprehensive unit price , artificial con-sumption quota and the actual consumption quota , construction project quota of labor will be analyzed by three aspects , thus, it is concluded that the current comprehensive man-days released artificial unit price reasonable conclusion .%广东省建筑工程定额人工费占总造价的比例为15%~20%,利润率为人工费的18%。近几年随着建设工程人工成本不断上涨,人工费占总造价的比例也在不断上升。该文从定额人工费与劳务综合单价、定额人工消耗量与实际人工消耗量和建设工程定额人工费的组成3个方面进行分析论证,从而得出现行公布的综合工日人工单价具有合理性的结论。

  14. The Pricing of Payments

    OpenAIRE

    Krueger, Malte

    2009-01-01

    The pricing of payments has received increasing attention of regulators. In many cases, regulators are concerned that consumers do not face cost based prices. They argue that without cost based prices consumers will make inefficient choices. In this paper, it is argued that both, economics of scale and the particular laws governing pricing in two-sided markets provide a case against cost based pricing.

  15. An unit commitment model for hydrothermal systems; Um modelo de unit commitment para sistemas hidrotermicos

    Energy Technology Data Exchange (ETDEWEB)

    Franca, Thiago de Paula; Luciano, Edson Jose Rezende; Nepomuceno, Leonardo [Universidade Estadual Paulista (UNESP), Bauru, SP (Brazil). Dept. de Engenharia Eletrica], Emails: ra611191@feb.unesp.br, edson.joserl@uol.com.br, leo@feb.unesp.br

    2009-07-01

    A model of Unit Commitment to hydrothermal systems that includes the costs of start/stop of generators is proposed. These costs has been neglected in a good part of the programming models for operation of hydrothermal systems (pre-dispatch). The impact of the representation of costs in total production costs is evaluated. The proposed model is solved by a hybrid methodology, which involves the use of genetic algorithms (to solve the entire part of the problem) and sequential quadratic programming methods. This methodology is applied to the solution of an IEEE test system. The results emphasize the importance of representation of the start/stop in the generation schedule.

  16. Albania Residential Prices

    Directory of Open Access Journals (Sweden)

    Luciana Koprencka

    2016-04-01

    Full Text Available The real estate market is complex and influenced by too many factors. Real Estate market in Albania has experienced a boom after the 1990. We have inherited from the communist system a very poor market of housing. The number of dwellings in 1990 in Albania was 219 dwellings per 1000 inhabitants and the useful floor space was 5 m² per person, but in Bulgaria number of dwellings per 1,000 people varies 465 and in Romania average useful floor space per person was 37 sq. The data used in this study are derived from the database of the World Bank, the Institute of Statistics, reports of Bank of Albania also from information provided individually on the ground and different sources. In this study is analyzed the relationship that exists between economic growth, remittances and the price of dwellings in Albania. The dependent variable is the average price of housing in major cities of Albania. Independent variables in the model are GDP per capita and the remittances. The Econometric model is a Linear Regress equation and the period are the years from 1998 to 2013. The model used is the statistical program EViews 6.0. Unfortunately the information let the desired, so we do not have an official detailed information on prices of Albanian real estate market. In Albania few researchers have been studying real estate market in Albania.

  17. Defects in the medical system and distortion in drug pricing%医疗体制弊端与药品定价扭曲

    Institute of Scientific and Technical Information of China (English)

    朱恒鹏

    2008-01-01

    Through an analysis of China's healthcare system and the regulatory model of pharmaceutical pricing,the paper concludes that the prime cause of pharmaceutical pricing inflation is the twodirectional monopoly of public healthcare institutions on pharmaceutical retailing.The low cost of medical services means that public hospitals can legitimately use the sale of pharmaceuticals to subsidize the provision of services.Moreover,the policy of controlling the rate of return gives public hospitals a further incentive to buy and sell high-cost pharmaceuticals.In addition,the policy of indepondeut pricing together with the laxity of the system for approving new drugs allows the makers of pharmaceutical products to charge higher prices and facilitates publichospitals'sale of high-priced drugs.All of these problems result from inappropriate government controls.Therefore,the basic strategy for solving the problem of inflated pharmaceutical prices should be to lessen government controls on healthcare,open up retail sales of prescription medicines,and reform the public healthcare system andmedical insurance reimbursement,breaking the monopoly of public hospitals.%通过对中国医疗体制和药价管制模式的分析, 我们发现公立医疗机构在药品零售环节上的双向垄断地位是导致药价虚高的根本原因,医疗服务价格低估导致的"以药补医"机制赋予了医疗机构抬高药价的合法权力,而收益率管制政策进一步诱导医院进销高价药品.此外,单独定价政策加之宽松的新药审批制度为药厂提高药价、医院购销高价药提供了便利.所有这些问题的出现根源于政府管制措施的失当.因此,解决药价虚高的根本措施是减少政府管制,放开处方药零售权,改革公费医疗和医疗保险报销制度,打破公立医院垄断.

  18. Pricing hospital care: Global budgets and marginal pricing strategies.

    Science.gov (United States)

    Sutherland, Jason M

    2015-08-01

    The Canadian province of British Columbia (BC) is adding financial incentives to increase the volume of surgeries provided by hospitals using a marginal pricing approach. The objective of this study is to calculate marginal costs of surgeries based on assumptions regarding hospitals' availability of labor and equipment. This study is based on observational clinical, administrative and financial data generated by hospitals. Hospital inpatient and outpatient discharge summaries from the province are linked with detailed activity-based costing information, stratified by assigned case mix categorizations. To reflect a range of operating constraints governing hospitals' ability to increase their volume of surgeries, a number of scenarios are proposed. Under these scenarios, estimated marginal costs are calculated and compared to prices being offered as incentives to hospitals. Existing data can be used to support alternative strategies for pricing hospital care. Prices for inpatient surgeries do not generate positive margins under a range of operating scenarios. Hip and knee surgeries generate surpluses for hospitals even under the most costly labor conditions and are expected to generate additional volume. In health systems that wish to fine-tune financial incentives, setting prices that create incentives for additional volume should reflect knowledge of hospitals' underlying cost structures. Possible implications of mis-pricing include no response to the incentives or uneven increases in supply. Copyright © 2015 The Authors. Published by Elsevier Ireland Ltd.. All rights reserved.

  19. Eurodish-Continuous Operation, System Improvement and Reference Units

    Energy Technology Data Exchange (ETDEWEB)

    Keck, T.; Schiel, W.; Heller, P.; Reinalter, W.; Gineste, J. M.; Ferriere, A.; Flamant, G.

    2006-07-01

    The 10 kWel Dish/Stirling system EuroDish was enhanced. Newly developed and improved components like the ceramic cavity insulation and the control system are described as well as a novel assembly method for the concentrator and a number of improvements and new features of the control software. Country Reference Units were built in Spain, France and Germany and are continuously operated. Operation experiences and performance data are presented. (Author)

  20. Price strategy and pricing strategy: terms and content identification

    OpenAIRE

    Panasenko Tetyana

    2015-01-01

    The article is devoted to the terminology and content identification of seemingly identical concepts "price strategy" and "pricing strategy". The article contains evidence that the price strategy determines the direction, principles and procedure of implementing the company price policy and pricing strategy creates a set of rules and practical methods of price formation in accordance with the pricing strategy of the company.

  1. Sensor concentrator unit for the Continuous Automated Vault Inventory System

    Energy Technology Data Exchange (ETDEWEB)

    Nodine, R.N.; Lenarduzzi, R.

    1997-06-01

    The purpose of this document is to describe the use and operation of the sensor concentrator in the Continuous Automated Vault Inventory System (CAVIS). The CAVIS electronically verifies the presence of items of stored special nuclear material (SNM). US Department of Energy orders require that stored SNM be inventoried periodically to provide assurance that the material is secure. Currently this inventory is a highly manual activity, requiring personnel to enter the storage vaults. Using a CAVIS allows the frequency of physical inventories to be significantly reduced, resulting in substantial cost savings, increased security, and improved safety. The electronic inventory of stored SNM requires two different types of sensors for each item. The two sensors measure different parameters of the item, usually weight and gamma rays. A CAVIS is constructed using four basic system components: sensors, sensor concentrators, a data collection unit, and a database/user interface unit. One sensor concentrator supports the inventory of up to 20 items (40 sensors) and continuously takes readings from the item sensors. On request the sensor concentrator outputs the most recent sensor readings to the data collection unit. The information transfer takes place over a RS485 communications link. The data collection unit supports from 1 to 120 sensor concentrators (1 to 2,400 items) and is referred to as the Sensor Polling and Configuration System (SPCS). The SPCS is connected by a secure Transmission Control Protocol/Internet Protocol (TCP/IP) network to the database/user interface unit, which is referred to as the Graphical Facility Information Center (GraFIC). A CAVIS containing more than 2,400 items is supported by connecting additional SPCS units to the GraFIC.

  2. Sensor concentrator unit for the Continuous Automated Vault Inventory System

    Energy Technology Data Exchange (ETDEWEB)

    Nodine, R.N.; Lenarduzzi, R.

    1997-06-01

    The purpose of this document is to describe the use and operation of the sensor concentrator in the Continuous Automated Vault Inventory System (CAVIS). The CAVIS electronically verifies the presence of items of stored special nuclear material (SNM). US Department of Energy orders require that stored SNM be inventoried periodically to provide assurance that the material is secure. Currently this inventory is a highly manual activity, requiring personnel to enter the storage vaults. Using a CAVIS allows the frequency of physical inventories to be significantly reduced, resulting in substantial cost savings, increased security, and improved safety. The electronic inventory of stored SNM requires two different types of sensors for each item. The two sensors measure different parameters of the item, usually weight and gamma rays. A CAVIS is constructed using four basic system components: sensors, sensor concentrators, a data collection unit, and a database/user interface unit. One sensor concentrator supports the inventory of up to 20 items (40 sensors) and continuously takes readings from the item sensors. On request the sensor concentrator outputs the most recent sensor readings to the data collection unit. The information transfer takes place over a RS485 communications link. The data collection unit supports from 1 to 120 sensor concentrators (1 to 2,400 items) and is referred to as the Sensor Polling and Configuration System (SPCS). The SPCS is connected by a secure Transmission Control Protocol/Internet Protocol (TCP/IP) network to the database/user interface unit, which is referred to as the Graphical Facility Information Center (GraFIC). A CAVIS containing more than 2,400 items is supported by connecting additional SPCS units to the GraFIC.

  3. Portable suction unit failure in a rural EMS system.

    Science.gov (United States)

    Risavi, Brian L; Sabotchick, K J; Heile, Christopher J

    2013-08-01

    Portable suction units used by EMS personnel are utilized infrequently and often are powered by batteries. Lack of use and inspection often results in failure of the device when it is needed. The purpose of this study was to examine the incidence of portable suction unit failure in a rural EMS system and to identify the reasons for failures. A convenience sample was obtained through both random inspections by the staff of a regional EMS council and data from twice monthly checks reported by respective EMS agencies following a standard protocol for each unit. A standard protocol was used, including checking the vacuum level on each suction unit and inspecting the tubing, canister, and battery. Each inspector assessed whether the unit was capable of achieving 300 mmHg of suction within four seconds. Also, the unit was inspected for any signs of misalignment or dry rot of the gasket, kinking of suction hose, damage to the suction canister, weak/dead battery, or defective pump. Findings were recorded. Over a two-year period, 9,631 suction unit inspections were completed. There were 233 failures (2.4%) noted. The majority (126, 54.1%) were due to battery failure. Seventy-three units failed due to other reasons (not recorded, switch failure, battery not seated). Ten inspections failed due to incorrect assembly. Nineteen inspections failed due to defects with the suction canister. Five inspections failed due to kinked/disconnected suction tubing. Only a relatively small percentage of inspections of suction units revealed failures (4.6% Advanced Life Support, 8.6% Basic Life Support) using the above-stated criteria. However, given the importance of airway management and potential complications associated with airway compromise, including aspiration pneumonia, hypoxia, and hemodynamic instability, this is of concern relative to the morbidity and mortality that could be related to airway failure. Due to the relative infrequency of use and the nature of portable suction units

  4. Wine Pricing Inefficiencies among Major Online Wine Sellers

    OpenAIRE

    Ron Christner; Daniel Arango

    2014-01-01

    The purpose of this paper is to compare, analyze and evaluate the relative competitiveness of wine pricing across major online wine retailers as it relates to the Law of One Price. The design utilized is to measure and evaluate the reasons for the differences, between the per bottle prices, of recent internet wine offerings by major internet wine retailers against the average United States prices found on winesearcher.com, a very comprehensive and constantly updated shopbot listing of wine pr...

  5. Systems analysis approach to the design of efficient water pricing policies under the EU water framework directive

    DEFF Research Database (Denmark)

    Riegels, Niels; Pulido-Velazquez, Manuel; Doulgeris, Charalampos

    2013-01-01

    -value crops and from small urban/domestic locations to larger locations. Because growers of low-value crops will suffer the most from water price increases, the use of energy costs to control groundwater use offers the advantage of reducing this burden. © 2013 American Society of Civil Engineers....

  6. Estimating exergy prices for energy carriers in heating systems: Country analyses of exergy substitution with capital expenditures

    NARCIS (Netherlands)

    Muller, A.; Kranzl, L.; Tuominen, P.; Boelman, E.; Molinari, M.; Entrop, A.G.

    2011-01-01

    Exergy represents the ability of an energy carrier to perform work and can be seen as a core indicator for measuring its quality. In this article we postulate that energy prices reflect the exergy content of the underlying energy carrier and that capital expenditures can substitute for exergy to som

  7. Contingency-Constrained Unit Commitmentin Meshed Isolated Power Systems

    DEFF Research Database (Denmark)

    Sokoler, Leo Emil; Vinter, Peter; Bærentsen, Runi

    2015-01-01

    is kept above a predefined limit in the event of a contingency. The minimum frequency constraints are formulated using novel sufficient conditions that take into account the system inertia and the dynamics of the power generators. The proposed sufficient conditions are attractive from both a computational......This paper presents a mixed-integer linear optimization problem for unit commitment and economic dispatch of power generators in a meshed isolated power system. The optimization problem is referred to as the optimal reserve planning problem (ORPP). The ORPP guarantees that the system frequency...... and a modelling point of view. We compare the ORPP to a unit commitment problem that only considers the stationary behavior of the frequency. Simulations based on a Faroe Islands case study show that, without being overly conservative, potential blackouts and power outages can be avoided using the ORPP...

  8. Units Based on Constants: The Redefinition of the International System of Units

    Science.gov (United States)

    Stenger, J.; Ullrich, J. H.

    2016-03-01

    Recent decisions of the General Conference on Weights and Measures of the Metre Convention have opened the door to a fundamental change of the International System of Units, the SI, in 2018. The revised SI will be based on fixing the numerical values of seven defining constants corresponding to the seven traditional base units. This will bring about basic modifications in the definition of the kilogram, the ampere, the kelvin, and the mole and will have consequences for units derived from them. In contrast, the second, the meter, and the candela will not be affected. This paper describes the motivation and rationale behind this endeavor, introduces the new definitions, and reviews the requirements for the redefinitions as well as the status of the experiments that are currently being carried out to fulfill them. Benefits and a wide-reaching impact for the realization and dissemination of the units are anticipated because innovative technologies with ever-increasing accuracy will emerge, enabling the direct realization over widespread measurement ranges without the definitions themselves having to be changed.

  9. Modelling the Effects of Oil Prices on Global Fertilizer Prices and Volatility

    NARCIS (Netherlands)

    Chen, P.Y. Chen, P.Y. (Chen, P.Y.); C-L. Chang (Chia-Lin); M.J. McAleer (Michael)

    2013-01-01

    textabstractThe main purpose of this paper is to evaluate the effect of crude oil price on global fertilizer prices in both the mean and volatility. The endogenous structural breakpoint unit root test, ARDL model, and alternative volatility models, including GARCH, EGARCH, and GJR models, are used t

  10. Evolutions in both co-payment and generic market share for common medication in the Belgian reference pricing system.

    Science.gov (United States)

    Fraeyman, Jessica; Verbelen, Moira; Hens, Niel; Van Hal, Guido; De Loof, Hans; Beutels, Philippe

    2013-10-01

    shifted to an emphasis on larger packages. As maximum co-payment levels decreased over time, they overruled the reference pricing system in Belgium. The changes in co-payment share over time also significantly affected sales volume, but whether physicians or patients are the decisive actors on the demand side of pharmaceutical consumption remains unclear.

  11. Loss Allocation in a Distribution System with Distributed Generation Units

    DEFF Research Database (Denmark)

    Lund, Torsten; Nielsen, Arne Hejde; Sørensen, Poul Ejnar

    2007-01-01

    In Denmark, a large part of the electricity is produced by wind turbines and combined heat and power plants (CHPs). Most of them are connected to the network through distribution systems. This paper presents a new algorithm for allocation of the losses in a distribution system with distributed...... generation. The algorithm is based on a reduced impedance matrix of the network and current injections from loads and production units. With the algorithm, the effect of the covariance between production and consumption can be evaluated. To verify the theoretical results, a model of the distribution system...

  12. Privacy Enhanced Fraud Resistant Road Pricing

    NARCIS (Netherlands)

    Hoepman, J.H.; Huitema, G.B.

    2010-01-01

    A naive implementation of a road pricing system will collect an enormous amount of personal location data. In this paper we present a sophisticated system that is privacy friendly, i.e. where the invoices contain aggregated pricing information and where only the driver has insight into all the under

  13. 48 CFR 970.1504 - Contract pricing.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 5 2010-10-01 2010-10-01 false Contract pricing. 970.1504 Section 970.1504 Federal Acquisition Regulations System DEPARTMENT OF ENERGY AGENCY SUPPLEMENTARY REGULATIONS DOE MANAGEMENT AND OPERATING CONTRACTS Contracting by Negotiation 970.1504 Contract pricing....

  14. 48 CFR 3.103 - Independent pricing.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 1 2010-10-01 2010-10-01 false Independent pricing. 3.103 Section 3.103 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION GENERAL IMPROPER BUSINESS PRACTICES AND PERSONAL CONFLICTS OF INTEREST Safeguards 3.103 Independent pricing....

  15. Economic MPC for a linear stochastic system of energy units

    DEFF Research Database (Denmark)

    Jørgensen, John Bagterp; Sokoler, Leo Emil; Standardi, Laura

    2016-01-01

    in addition to stochastic power producers such as wind turbines and solar power plants. Control of such large scale systems requires new control algorithms. In this paper, we formulate the control of such a system as an Economic Model Predictive Control (MPC) problem. When the power producers and controllable......This paper summarizes comprehensively the work in four recent PhD theses from the Technical University of Denmark related to Economic MPC of future power systems. Future power systems will consist of a large number of decentralized power producers and a large number of controllable power consumers...... power consumers have linear dynamics, the Economic MPC may be expressed as a linear program. We provide linear models for a number of energy units in an energy system, formulate an Economic MPC for coordination of such a system. We indicate how advances in computational MPC makes the solutions...

  16. Research on Electricity Pricing Mechanism of NaS Battery Based Energy Storage System%钠硫电池储能系统的电价机制研究

    Institute of Scientific and Technical Information of China (English)

    孙波; 廖强强; 陆宇东; 周国定; 陈飞杰; 葛红花

    2014-01-01

    A cost-benefit analysis model of NaS battery based energy storage system was established to study the electricity pricing mechanism during load shifting of power grid. The energy storage pricing strategies under three electricity pricing mechanisms, namely the capacity pricing mechanism, the energy pricing mechanism and the two-part electricity pricing mechanism, were discussed. Research results show that the energy pricing mechanism and the two-part electricity pricing mechanism are more suitable for the NaS battery based energy storage system than the energy pricing mechanism. Along with the reduction of specific energy construction cost for NaS battery based energy storage system from 3 000 RMB/kWh to 1 000 RMB/kWh, the discharge price of NaS battery based energy storage system, which is set by the energy pricing mechanism and the two-part electricity pricing mechanism, could be controlled to about 1 RMB/kWh, thus it may possess the elementary capability to compete with the Shanghai industrial and commercial electricity price in peak periods.%采用成本收益模型研究了钠硫电池储能系统在电网削峰填谷作用中的电价机制。从单一容量电价、单一电度电价、两部制电价3种电价机制讨论了固定投资回报期下的储能电价策略。研究结果表明,对于能量型的钠硫电池储能系统,采用单一容量电价机制来制定储能电价不太合适,而采用单一电度电价和两部制电价机制则更为合适。随着钠硫电池储能系统单位能量建设成本从3000元/kW·h降至1000元/kW·h,采用单一电度电价和两部制电价机制制定的放电电价可控制在1元/kW·h左右,初步具备了与上海工商业高峰时段电度电价竞争的优势。

  17. Joint Maintenance Policies for a Stored System with Two Units

    Institute of Scientific and Technical Information of China (English)

    XIE Jun; WANG Hong-wei

    2009-01-01

    Failure of a stored system can only be detected after inspection and its reliability can be resumed by replacement of failed components. A maintenance policy of combining periodic inspection and preventive replacement is proposed to improve its availability. To coordinate component replacement and spare provision, an ordering policy of (0,1) is considered jointly. Thus, the joint maintenance policy contains inspection, replacement and spare provision. A programming model based on the joint maintenance policy is established, whose objective function is average expected cost, containing maintenance cost and inventory cost, and the constraint is system availability. Applying renewal theorem, the performance indexes are deduced under the condition that the stored system obeys the common life distribution. Numerical examples are given for a stored system with two different units, where unit 1 probability degrades with time and unit 2 probability degrades at each test. The effect of reliability parameters on the policies is discussed. The results indicate that the joint policy is very close to the independent policy.

  18. Pricing and reimbursement of orphan drugs: the need for more transparency.

    Science.gov (United States)

    Simoens, Steven

    2011-06-17

    Pricing and reimbursement of orphan drugs are an issue of high priority for policy makers, legislators, health care professionals, industry leaders, academics and patients. This study aims to conduct a literature review to provide insight into the drivers of orphan drug pricing and reimbursement. Although orphan drug pricing follows the same economic logic as drug pricing in general, the monopolistic power of orphan drugs results in high prices: a) orphan drugs benefit from a period of marketing exclusivity; b) few alternative health technologies are available; c) third-party payers and patients have limited negotiating power; d) manufacturers attempt to maximise orphan drug prices within the constraints of domestic pricing and reimbursement policies; and e) substantial R&D costs need to be recouped from a small number of patients. Although these conditions apply to some orphan drugs, they do not apply to all orphan drugs. Indeed, the small number of patients treated with an orphan drug and the limited economic viability of orphan drugs can be questioned in a number of cases. Additionally, manufacturers have an incentive to game the system by artificially creating monopolistic market conditions. Given their high price for an often modest effectiveness, orphan drugs are unlikely to provide value for money. However, additional criteria are used to inform reimbursement decisions in some countries. These criteria may include: the seriousness of the disease; the availability of other therapies to treat the disease; and the cost to the patient if the medicine is not reimbursed. Therefore, the maximum cost per unit of outcome that a health care payer is willing to pay for a drug could be set higher for orphan drugs to which society attaches a high social value. There is a need for a transparent and evidence-based approach towards orphan drug pricing and reimbursement. Such an approach should be targeted at demonstrating the relative effectiveness, cost-effectiveness and

  19. Pricing and reimbursement of orphan drugs: the need for more transparency

    Directory of Open Access Journals (Sweden)

    Simoens Steven

    2011-06-01

    Full Text Available Abstract Pricing and reimbursement of orphan drugs are an issue of high priority for policy makers, legislators, health care professionals, industry leaders, academics and patients. This study aims to conduct a literature review to provide insight into the drivers of orphan drug pricing and reimbursement. Although orphan drug pricing follows the same economic logic as drug pricing in general, the monopolistic power of orphan drugs results in high prices: a orphan drugs benefit from a period of marketing exclusivity; b few alternative health technologies are available; c third-party payers and patients have limited negotiating power; d manufacturers attempt to maximise orphan drug prices within the constraints of domestic pricing and reimbursement policies; and e substantial R&D costs need to be recouped from a small number of patients. Although these conditions apply to some orphan drugs, they do not apply to all orphan drugs. Indeed, the small number of patients treated with an orphan drug and the limited economic viability of orphan drugs can be questioned in a number of cases. Additionally, manufacturers have an incentive to game the system by artificially creating monopolistic market conditions. Given their high price for an often modest effectiveness, orphan drugs are unlikely to provide value for money. However, additional criteria are used to inform reimbursement decisions in some countries. These criteria may include: the seriousness of the disease; the availability of other therapies to treat the disease; and the cost to the patient if the medicine is not reimbursed. Therefore, the maximum cost per unit of outcome that a health care payer is willing to pay for a drug could be set higher for orphan drugs to which society attaches a high social value. There is a need for a transparent and evidence-based approach towards orphan drug pricing and reimbursement. Such an approach should be targeted at demonstrating the relative effectiveness

  20. 48 CFR 215.470 - Estimated data prices.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 3 2010-10-01 2010-10-01 false Estimated data prices. 215.470 Section 215.470 Federal Acquisition Regulations System DEFENSE ACQUISITION REGULATIONS SYSTEM....470 Estimated data prices. (a) DoD requires estimates of the prices of data in order to evaluate...

  1. Phasor Measurement Units in the Eastern Danish power system

    DEFF Research Database (Denmark)

    Nielsen, Arne Hejde; Pedersen, Knud Ole Helgesen; Jørgensen, Preben;

    2006-01-01

    Technology. After power system events data can be extracted and analyzed offline. The purpose of the project is to do research within various utilizations of PMU data. On 8 January 2005 a severe storm passed Denmark, and wind speeds were so high, that wind turbines disconnected from the transmission grid......In the Eastern Danish transmission system four Phasor Measurement Units (PMU’s) are installed at 400 kV and 132 kV voltage level. The PMU’s continuously record voltage and current phasors each 20 ms. Data are stored locally on the PMU’s and are also transferred to a database at Centre for Electric...... because of their self protection. Nysted offshore wind farm was among the wind power units that disconnected from the grid, and PMU data from that event are analyzed. The case illustrates the close relation between voltages, power flows and voltage phase angles over a wide area. The voltage phase angle...

  2. Control of noise - systems for compact HVAC units

    DEFF Research Database (Denmark)

    Pedersen, Steffen; Møller, Henrik

    2012-01-01

    This paper discusses noise control systems for implementation in compact HVAC units. The control of low-frequency noise presents different problems than at higher frequencies. This is mainly related to the long wavelength, which means that passive solutions require a significant volume of space......, often not available in compact HVAC units. Active control can provide attenuation over a significant frequency range, including low frequencies, while requiring a more limited space. While the concept of active noise control is simple, a number of limitations in the acoustical, electrical and control...... systems affect the performance of implementations. The source pressure and the impedance of a centrifugal fan were measured, and a number of configurations for noise control were investigated. The performance of a simple analogue feedback control was tested in a physical prototype. An adaptive digital...

  3. 基于回收价格的再制造系统策略研究%Strategies for a remanufacturing system based on recovery price

    Institute of Scientific and Technical Information of China (English)

    杨爱峰; 王晓

    2011-01-01

    文章考虑了基于回收价格的再制造逆向物流系统,将传统的库存模型和回收定价问题相结合,利用回收价格控制回收率,实现回收品的再制造;建立了2个数学模型,模型1假设制造商在一个周期内只启动1次新产品的生产和回收品的再制造,模型2是模型1的推广,假设制造商在一个周期内将多次启动新产品的生产和回收品的再制造;为了实现成本的最小化,利用搜索算法和优化理论决策最优的生产策略和回收价格.%This paper studies a remanufacturing system of reverse logistics based on recovery price. It takes into account the traditional inventory model and recovery pricing problem, and assumes that the manufacturer will take advantage of recovery prices to control recovery rate and remanufacture the recovery items. Two mathematic models are built in the paper. It is supposed in Model One that the manufacturer operates once for the production and remanufacture within a period. Model Two generalizes Model One and assumes several times for the production and remanufacture within a period. By using the search algorithm and optimization theory, the optimal operation strategies and recovery prices are obtained to minimize the total cost.

  4. Effectiveness of the United States Marine Corps Tiered Evaluation System

    Science.gov (United States)

    2015-03-01

    effectiveness. 14. SUBJECT TERl’\\IS Tiered Evaluation System, First Tenn Alignment Program, Quality, Retention 15. NUMBER OF PAGES 17. SECURITY...Crider Approved by: Jeremy A. Arkes Thesis Advisor Chad W. Seagren Co-Advisor William Gates Dean, Graduate School of Business...Lastly, first- tenn Marine re-enlistees must possess a high school diploma or altemate credential (Headquatiers, United States Marine C01ps, 2010

  5. Composite Bipolar Plate for Unitized Fuel Cell/Electrolyzer Systems

    Science.gov (United States)

    Mittelsteadt, Cortney K.; Braff, William

    2009-01-01

    In a substantial improvement over present alkaline systems, an advanced hybrid bipolar plate for a unitized fuel cell/electrolyzer has been developed. This design, which operates on pure feed streams (H2/O2 and water, respectively) consists of a porous metallic foil filled with a polymer that has very high water transport properties. Combined with a second metallic plate, the pore-filled metallic plates form a bipolar plate with an empty cavity in the center.

  6. Airline Price Discrimination

    OpenAIRE

    Stacey, Brian

    2015-01-01

    Price discrimination enjoys a long history in the airline industry. Borenstein (1989) discusses price discrimination through frequent flyer programs from 1985 as related to the Piedmont-US Air merger, price discrimination strategies have grown in size and scope since then. From Saturday stay over requirements to varying costs based on time of purchase, the airline industry is uniquely situated to enjoy the fruits of price discrimination.

  7. Administration system of new drugs' prices of Japan and the inspiration to China%日本创新药品价格管理及对我国的启示

    Institute of Scientific and Technical Information of China (English)

    李磊

    2013-01-01

    Japan prices new drugs according to a certain process applying the methods of cost calculation, comparison of drugs with similar effects, and referring to foreign average price and specification adjustment. And the new drugs' prices have to be adjusted at regular intervals according to market situation. Japan also regulates the prices of over-patent drugs and generic drugs. Japan's new drug pricing administration system takes the degree of innovation into consideration, respects the market price, and prices generic drugs based on the new drugs' prices. Japan's drug pricing model can serve as a reference to China and contribute to the price administration and new drug development in China.%日本按照规定的定价程序,运用成本计算、同类药效比较、参考外国平均价格调整和规格间调整等方法对创新药品进行定价.同时,定期对新药的价格根据市场调查情况进行调整,并对过专利保护期创新药品和仿制药的价格做出规定.日本创新药品的价格管理充分体现了药品的创新程度,尊重市场价格情况,将创新药品的价格作为仿制药定价的基础,对我国具有启示和借鉴作用,有助于完善我国创新药品的价格管理及发展.

  8. Regulation of Pharmaceutical Prices

    DEFF Research Database (Denmark)

    Kaiser, Ulrich; Mendez, Susan J.; Rønde, Thomas

    the joint eects of this reform on prices and quantities. Prices decreased more than 26 percent due to the reform, which reduced patient and government expenditures by 3.0 percent and 5.6 percent, respectively, and producer revenues by 5.0 percent. The prices of expensive products decreased more than...

  9. Valuation Struggles over Pricing

    DEFF Research Database (Denmark)

    Pallesen, Trine

    2016-01-01

    public goods into play, all the while prompting a translation of these values into a single price. Following the struggles over the pricing of wind power in the early 2000s, the study illustrates that rather than a pollution of the market sphere by that of politics, a politics of pricing can be observed...

  10. Dutch house price fundamentals

    NARCIS (Netherlands)

    Haffner, M.E.A.; de Vries, P.

    2009-01-01

    This paper discusses house price developments in the Netherlands, specifically focussing on the question whether current house prices in the Dutch owner-occupied market are likely to decrease. We analyse three aspects of the question based on a literature review: (1) whether there is a house price b

  11. Dutch house price fundamentals

    NARCIS (Netherlands)

    Haffner, M.E.A.; de Vries, P.

    2009-01-01

    This paper discusses house price developments in the Netherlands, specifically focussing on the question whether current house prices in the Dutch owner-occupied market are likely to decrease. We analyse three aspects of the question based on a literature review: (1) whether there is a house price

  12. Deal with price raise

    Institute of Scientific and Technical Information of China (English)

    2004-01-01

    The price raise in natural resources is inevitable. At present, building ceramic industry is facing the pressure brought by price raise in raw material. Marketing directors still hesitate whether the price of ceramic tiles should be raised. The crisis brought by social environment made the employees care-laden.

  13. Advanced Transport Operating System (ATOPS) control display unit software description

    Science.gov (United States)

    Slominski, Christopher J.; Parks, Mark A.; Debure, Kelly R.; Heaphy, William J.

    1992-01-01

    The software created for the Control Display Units (CDUs), used for the Advanced Transport Operating Systems (ATOPS) project, on the Transport Systems Research Vehicle (TSRV) is described. Module descriptions are presented in a standardized format which contains module purpose, calling sequence, a detailed description, and global references. The global reference section includes subroutines, functions, and common variables referenced by a particular module. The CDUs, one for the pilot and one for the copilot, are used for flight management purposes. Operations performed with the CDU affects the aircraft's guidance, navigation, and display software.

  14. PRICE ON THE ORGANIC FOOD MARKET

    Directory of Open Access Journals (Sweden)

    GEORGE ATANASOAIE

    2012-12-01

    Full Text Available The main objective of this paper is to present prices on PAE market (PAE- organic foods market. Prices are analyzed in terms of importance and the main factors that contribute to their establishment (quality of products, distribution channels, certification and eco-labeling system, customer segments and market development stage. This paper is based on the investigation of secondary sources, of specialized literature related to PAE consumers. The paper shows that are used three strategic options of prices: prices with high rigidity located in a low or high level and fluctuating prices, characterized by variations on short periods of time. Price is a very important barrier to market development but this importance can be mitigated through appropriate communication policies with the market, which are essential especially for markets in early stages of development.

  15. THE PRICE ON THE ORGANIC PRODUCT MARKET

    Directory of Open Access Journals (Sweden)

    ATĂNĂSOAIE GEORGE SEBASTIAN

    2013-08-01

    Full Text Available The main objective of this paper is to present prices on PAE market (PAE- organic foods market. Prices areanalyzed in terms of importance and the main factors that contribute to their establishment (quality of products,distribution channels, certification and eco-labeling system, customer segments and market development stage.The paper shows that are used three strategic options of prices: prices with high rigidity located in a low or highlevel and fluctuating prices, characterized by variations on short periods of time. Price is a very importantbarrier to market development but this importance can be mitigated through appropriate communicationpolicies with the market, which are essential especially for markets in early stages of development

  16. Transfer pricing principles in VAT Law

    DEFF Research Database (Denmark)

    Jensen, Dennis Ramsdahl

    2011-01-01

    The main part of the article is devoted to a critical analysis of the optional transfer pricing provisions in the EC VAT Directive in the light of the principle of fiscal neutrality. As an integrated part of this analysis, the VAT transfer pricing regime is considered in the light of the well-kno......-known principles for transfer pricing in the area of income tax law, as set out in Art. 9 of the OECD Model Tax Convention. The last part of the article contains a brief discussion of to which extent it is desirable to harmonize the two tax systems´ transfer pricing rules.......The main part of the article is devoted to a critical analysis of the optional transfer pricing provisions in the EC VAT Directive in the light of the principle of fiscal neutrality. As an integrated part of this analysis, the VAT transfer pricing regime is considered in the light of the well...

  17. An Energy Saving System for a Beam Pumping Unit

    Directory of Open Access Journals (Sweden)

    Hongqiang Lv

    2016-05-01

    Full Text Available Beam pumping units are widely used in the oil production industry, but the energy efficiency of this artificial lift machinery is generally low, especially for the low-production well and high-production well in the later stage. There are a number of ways for energy savings in pumping units, with the periodic adjustment of stroke speed and rectification of balance deviation being two important methods. In the paper, an energy saving system for a beam pumping unit (ESS-BPU based on the Internet of Things (IoT was proposed. A total of four types of sensors, including load sensor, angle sensor, voltage sensor, and current sensor, were used to detect the operating conditions of the pumping unit. Data from these sensors was fed into a controller installed in an oilfield to adjust the stroke speed automatically and estimate the degree of balance in real-time. Additionally, remote supervision could be fulfilled using a browser on a computer or smartphone. Furthermore, the data from a practical application was recorded and analyzed, and it can be seen that ESS-BPU is helpful in reducing energy loss caused by unnecessarily high stroke speed and a poor degree of balance.

  18. An Energy Saving System for a Beam Pumping Unit.

    Science.gov (United States)

    Lv, Hongqiang; Liu, Jun; Han, Jiuqiang; Jiang, An

    2016-05-13

    Beam pumping units are widely used in the oil production industry, but the energy efficiency of this artificial lift machinery is generally low, especially for the low-production well and high-production well in the later stage. There are a number of ways for energy savings in pumping units, with the periodic adjustment of stroke speed and rectification of balance deviation being two important methods. In the paper, an energy saving system for a beam pumping unit (ESS-BPU) based on the Internet of Things (IoT) was proposed. A total of four types of sensors, including load sensor, angle sensor, voltage sensor, and current sensor, were used to detect the operating conditions of the pumping unit. Data from these sensors was fed into a controller installed in an oilfield to adjust the stroke speed automatically and estimate the degree of balance in real-time. Additionally, remote supervision could be fulfilled using a browser on a computer or smartphone. Furthermore, the data from a practical application was recorded and analyzed, and it can be seen that ESS-BPU is helpful in reducing energy loss caused by unnecessarily high stroke speed and a poor degree of balance.

  19. Transfer pricing principles in VAT Law

    DEFF Research Database (Denmark)

    Jensen, Dennis Ramsdahl

    2011-01-01

    The main part of the article is devoted to a critical analysis of the optional transfer pricing provisions in the EC VAT Directive in the light of the principle of fiscal neutrality. As an integrated part of this analysis, the VAT transfer pricing regime is considered in the light of the well......-known principles for transfer pricing in the area of income tax law, as set out in Art. 9 of the OECD Model Tax Convention. The last part of the article contains a brief discussion of to which extent it is desirable to harmonize the two tax systems´ transfer pricing rules....

  20. Estimated Effects of Different Alcohol Taxation and Price Policies on Health Inequalities: A Mathematical Modelling Study.

    Science.gov (United States)

    Meier, Petra S; Holmes, John; Angus, Colin; Ally, Abdallah K; Meng, Yang; Brennan, Alan

    2016-02-01

    While evidence that alcohol pricing policies reduce alcohol-related health harm is robust, and alcohol taxation increases are a WHO "best buy" intervention, there is a lack of research comparing the scale and distribution across society of health impacts arising from alternative tax and price policy options. The aim of this study is to test whether four common alcohol taxation and pricing strategies differ in their impact on health inequalities. An econometric epidemiological model was built with England 2014/2015 as the setting. Four pricing strategies implemented on top of the current tax were equalised to give the same 4.3% population-wide reduction in total alcohol-related mortality: current tax increase, a 13.4% all-product duty increase under the current UK system; a value-based tax, a 4.0% ad valorem tax based on product price; a strength-based tax, a volumetric tax of £0.22 per UK alcohol unit (= 8 g of ethanol); and minimum unit pricing, a minimum price threshold of £0.50 per unit, below which alcohol cannot be sold. Model inputs were calculated by combining data from representative household surveys on alcohol purchasing and consumption, administrative and healthcare data on 43 alcohol-attributable diseases, and published price elasticities and relative risk functions. Outcomes were annual per capita consumption, consumer spending, and alcohol-related deaths. Uncertainty was assessed via partial probabilistic sensitivity analysis (PSA) and scenario analysis. The pricing strategies differ as to how effects are distributed across the population, and, from a public health perspective, heavy drinkers in routine/manual occupations are a key group as they are at greatest risk of health harm from their drinking. Strength-based taxation and minimum unit pricing would have greater effects on mortality among drinkers in routine/manual occupations (particularly for heavy drinkers, where the estimated policy effects on mortality rates are as follows: current tax

  1. A normative price for energy from an electricity generation system: An Owner-dependent Methodology for Energy Generation (system) Assessment (OMEGA). Volume 2: Derivation of system energy price equations

    Science.gov (United States)

    Chamberlain, R. G.; Mcmaster, K. M.

    1981-01-01

    The methodology presented is a derivation of the utility owned solar electric systems model. The net present value of the system is determined by consideration of all financial benefits and costs including a specified return on investment. Life cycle costs, life cycle revenues, and residual system values are obtained. Break-even values of system parameters are estimated by setting the net present value to zero.

  2. 48 CFR 52.216-3 - Economic Price Adjustment-Semistandard Supplies.

    Science.gov (United States)

    2010-10-01

    ... for which it has an established price. The term established price means a price that (1) is an... 48 Federal Acquisition Regulations System 2 2010-10-01 2010-10-01 false Economic Price Adjustment... Clauses 52.216-3 Economic Price Adjustment—Semistandard Supplies. As prescribed in 16.203-4(b), insert the...

  3. 48 CFR 52.216-2 - Economic Price Adjustment-Standard Supplies.

    Science.gov (United States)

    2010-10-01

    ... term established price means a price that (1) is an established catalog or market price for a... 48 Federal Acquisition Regulations System 2 2010-10-01 2010-10-01 false Economic Price Adjustment... Clauses 52.216-2 Economic Price Adjustment—Standard Supplies. As prescribed in 16.203-4(a), insert the...

  4. Value-based pricing

    Directory of Open Access Journals (Sweden)

    Netseva-Porcheva Tatyana

    2010-01-01

    Full Text Available The main aim of the paper is to present the value-based pricing. Therefore, the comparison between two approaches of pricing is made - cost-based pricing and value-based pricing. The 'Price sensitively meter' is presented. The other topic of the paper is the perceived value - meaning of the perceived value, the components of perceived value, the determination of perceived value and the increasing of perceived value. In addition, the best company strategies in matrix 'value-cost' are outlined. .

  5. Dutch house price fundamentals

    OpenAIRE

    Haffner, M.E.A.; De Vries, P.

    2009-01-01

    This paper discusses house price developments in the Netherlands, specifically focussing on the question whether current house prices in the Dutch owner-occupied market are likely to decrease. We analyse three aspects of the question based on a literature review: (1) whether there is a house price bubble ready to burst; (2) whether house prices will decline in response to the credit crisis that started in 2007; and (3) whether it is likely that house prices will decrease as a result of reform...

  6. HEAT STORAGE SYSTEM WITH PHASE CHANGE MATERIALS IN COGENERATION UNITS: STUDY OF PRELIMINARY MODEL

    Directory of Open Access Journals (Sweden)

    Claudio Caprara

    2008-12-01

    Full Text Available The continuous increase in the mechanization of farm activities, the rise in fuel prices and the environmental aspects concerning gas emissions are the main driving forces behind efforts toward more effective use of renewable energy sources and cogeneration systems even in agricultural and cattle farms. Nevertheless these systems are still not very suitable for this purpose because of their little flexibility in following the changing energy demand as opposed to the extremely various farm load curves, both in daytime and during the year. In heat recovery systems, the available thermal energy supply is always linked to power production, thus it does not usually coincide in time with the heat demand. Hence some form of thermal energy storage (TES is necessary in order to reach the most effective utilization of the energy source. This study deals with the modelling of a packed bed latent heat TES unit, integrating a cogeneration system made up of a reciprocating engine. The TES unit contains phase change materials (PCMs filled in spherical capsules, which are packed in an insulated cylindrical storage tank. Water is used as heat transfer fluid (HTF to transfer heat from the tank to the final uses, and exhausts from the engine are used as thermal source. PCMs are considered especially for their large heat storage capacity and their isothermal behaviour during the phase change processes. Despite their high energy storage density, most of them have an unacceptably low thermal conductivity, hence PCMs encapsulation technique is adopted in order to improve heat transfer. The special modular configuration of heat exchange tubes and the possibility of changing water flow through them allow to obtain the right amount of thermal energy from the tank, according to the hourly demand of the day. The model permits to choose the electrical load of the engine, the dimensions of the tank and the spheres, thickness and diameter of heat exchanger and the nature of

  7. Managing risks of market price uncertainty for a microgrid operation

    Science.gov (United States)

    Raghavan, Sriram

    After deregulation of electricity in the United States, the day-ahead and real-time markets allow load serving entities and generation companies to bid and purchase/sell energy under the supervision of the independent system operator (ISO). The electricity market prices are inherently uncertain, and can be highly volatile. The main objective of this thesis is to hedge against the risk from the uncertainty of the market prices when purchasing/selling energy from/to the market. The energy manager can also schedule distributed generators (DGs) and storage of the microgrid to meet the demand, in addition to energy transactions from the market. The risk measure used in this work is the variance of the uncertain market purchase/sale cost/revenue, assuming the price following a Gaussian distribution. Using Markowitz optimization, the risk is minimized to find the optimal mix of purchase from the markets. The problem is formulated as a mixed integer quadratic program. The microgrid at Illinois Institute of Technology (IIT) in Chicago, IL was used as a case study. The result of this work reveals the tradeoff faced by the microgrid energy manager between minimizing the risk and minimizing the mean of the total operating cost (TOC) of the microgrid. With this information, the microgrid energy manager can make decisions in the day-ahead and real-time markets according to their risk aversion preference. The assumption of market prices following Gaussian distribution is also verified to be reasonable for the purpose of hedging against their risks. This is done by comparing the result of the proposed formulation with that obtained from the sample market prices randomly generated using the distribution of actual historic market price data.

  8. Phasor Measurement Units in the Eastern Danish power system

    DEFF Research Database (Denmark)

    Nielsen, Arne Hejde; Pedersen, Knud Ole Helgesen; Jørgensen, Preben

    2006-01-01

    In the Eastern Danish transmission system four Phasor Measurement Units (PMU’s) are installed at 400 kV and 132 kV voltage level. The PMU’s continuously record voltage and current phasors each 20 ms. Data are stored locally on the PMU’s and are also transferred to a database at Centre for Electric...... because of their self protection. Nysted offshore wind farm was among the wind power units that disconnected from the grid, and PMU data from that event are analyzed. The case illustrates the close relation between voltages, power flows and voltage phase angles over a wide area. The voltage phase angle...... measurements complements the traditional voltage and power flow measurements....

  9. PRICING STRATEGIES – ASPECTS, TYPES AND CHARACTERISTICS

    Directory of Open Access Journals (Sweden)

    Căruntu Roxana Corina

    2011-09-01

    Full Text Available Companies that want to maximize their profits must decide on several elements that influence this aspect. An important role is pricing the product or service offered by the company. In determining the best price for the product, management must take into account several factors such as cost / unit, market characteristics where the product is intended to be placed, consumer needs. Those that make this type of decisions often use price strategies which help enter a particular market. Economists state that there are many types of strategies out of which I will present those strategies that are based on marginal cost, incremental costs, break even and mark-up.

  10. Dissecting Two Approaches to Energy Prices

    Directory of Open Access Journals (Sweden)

    Julius N. Esunge

    2011-01-01

    Full Text Available Problem statement: This research tested the viability of Geometric Brownian Motion as a stochastic model of oil prices. Approach: Using autoregressions and unit root tests, we determined that oil prices tend not to exhibit the Markov Property and thus GBM may be a problematic model. Results: Instead, oil prices seem to be mean reverting over the long run, possibly following an Ornstein-Uhlenbeck process. Conclusion/Recommendations: To determine whether or not OPEC was the cause of mean reversion, we repeated the tests after controlling for quotas, only to find the same results did not apply over the short run.

  11. Simulation of Holstein and Jersey profitability by varying milk price payment system Simulação da rentabilidade de rebanhos Holandês e Jersey variando o sistema de pagamento pela qualidade do leite

    Directory of Open Access Journals (Sweden)

    Daniel de Noronha Figueiredo Vieira da Cunha

    2010-04-01

    Full Text Available The objective of the study was to compare through simulation Holstein and Jersey breed herds, considering the farm size, zootechnical and economic indexes and profitability of the activity, by using different systems of bonus payment for milk price based in percentage of fat and protein in the milk. The comparisons were made, initially, disregarding the bonus payment for milk price based on the increase in the fat and protein percentage in milk. After that, the profitability of the activity was compared considering bonus payment for milk price of the Jersey breed herd, for each unit increment in fat and protein percentage in milk above those obtained with the Holstein breed herd. Finally, the profitability of the activity was compared by using the bonus payment for milk price based on quality of that used by company A systems. When there was no bonus payment for milk price based in the percentage of fat and protein in the milk, the profit obtained with the Holstein breed was higher because of the lower production costs. In order to make the activity more profitable with the Jersey breed, a bonus payment of 5% for milk price would be needed for each percentage unit of fat above the percentage of that obtained with the Holstein breed, or a bonus payment of 10% in the milk price for each percentage unit of protein above the percentage obtained with the Holstein breed. By using the bonus payment system proposed by Gimenes and Ponchio, the annual profit with the Jersey breed was higher than the profit obtained with the Holstein breed. However, with the application of the bonus payment system used by company A, the Holstein breed became more profitable than the Jersey breed.Objetivou-se com este estudo comparar, por meio de simulação, de rebanhos das raças Holandês e Jersey em um sistema de produção de leite em confinamento, considerando o tamanho do rebanho, os índices zootécnicos e econômicos e a lucratividade da empresa, mediante a utiliza

  12. Calculating proper transfer prices

    Energy Technology Data Exchange (ETDEWEB)

    Dorkey, F.C. (Meliora Research Associates, Rochester, NY (United States)); Jarrell, G.A. (Univ. of Rochester, NY (United States))

    1991-01-01

    This article deals with developing a proper transfer pricing method. Decentralization is as American as baseball. While managers laud the widespread benefits of both decentralization and baseball, they often greet the term transfer price policy with a yawn. Since transfer prices are as critical to the success of decentralized firms as good pitchers are to baseball teams, this is quite a mistake on the part of our managers. A transfer price is the price charged to one division for a product or service that another division produced or provided. In many, perhaps most, decentralized organizations, the transfer pricing policies actually used are grossly inefficient and sacrifice the potential advantages of decentralization. Experience shows that far too many companies have transfer pricing policies that cost them significantly in foregone growth and profits.

  13. The Analysis and Research on Xinjing Cotton Target Price System Reform%新疆棉花目标价格制度改革分析研究

    Institute of Scientific and Technical Information of China (English)

    秦中春

    2016-01-01

    引入农产品目标价格制度是深化国家农业支持保护制度改革的一个重要方向。通过对2014—2015年新疆棉花目标价格制度改革试点情况的研究分析发现,目前新疆棉花目标价格制度改革试点已取得显著成效,在某种程度上已超出预期,这为完善农产品价格形成机制和创新农业补贴机制积累了宝贵经验。在改革试点中,较为有效的做法是,坚持注重顶层设计与“摸着石头过河”相结合;坚持加强组织领导与加强技术支撑相结合;坚持统一标准补贴与适当兼顾特殊相结合;坚持搞好制度设计与建立强有力工作队伍相结合。深化目标价格制度改革面临的主要问题有,对新制度性质和内容的政策解读有不足,制度隐含内容太多;完全取消临时收储制度有缺陷,隐含棉花市场周转失灵风险;没有对个人和单位补贴设置最高限额,补贴申报者无缴费;农业数据建设管理不完善,制度内容和形式的法制化程度不够。针对上述问题,建议提高对目标价格制度的认识,加强政策科学宣传引导;进一步完善目标价格制度,向全国推广目标价格制度;探索保留和改造临时收储制度,建构“三位一体”制度;深入推进财政行政配套改革,加快建设全国农业大数据系统。%Agricultural product target price system is an important direction of deepening the agricultural support protection system reform in China. Though the analysis and research on Xinjing cotton target price system pilot reforms from 2014 to 2015,we found that the Xinjiang cotton price target system reform has achieved remarkable achievement,and to some extent,it is more than expected,it has accumulated a great valuable experience on agricultural price forming mechanism and innovation agricultural subsidies mechanism. In the pilot reforms, the more effective measures is to adhere to pay attention to

  14. 30 CFR 203.78 - Do I keep relief approved by MMS under §§ 203.60-203.77 for my lease, unit or project if prices...

    Science.gov (United States)

    2010-07-01

    ... base oil price threshold set under paragraph (a) is $28.00 per barrel, and the daily closing NYMEX light sweet crude oil prices for the previous calendar year exceeds $28.00 per barrel, as adjusted in... daily closing NYMEX light sweet crude oil prices for the previous calendar year exceeds $3.50...

  15. Price learning during grocery shopping

    DEFF Research Database (Denmark)

    Jensen, Birger Boutrup

    of what consumers learn about prices during grocery shopping. Three measures of price knowledge corresponding to different levels of price information processing were applied. Results indicate that price learning does take place and that episodic price knowledge after store exit is far more widespread...... than expected. Consequently, a new view of how consumer price knowledge evolves during grocery shopping is presented....

  16. Drug Pricing Evolution in Hepatitis C.

    Directory of Open Access Journals (Sweden)

    Nathalie Vernaz

    Full Text Available We aimed to determine the association between the stepwise increase in the sustained viral response (SVR and Swiss and United States (US market prices of drug regimens for treatment-naive, genotype 1 chronic hepatitis C virus (HCV infection in the last 25 years. We identified the following five steps in the development of HCV treatment regimens: 1 interferon (IFN-α monotherapy in the early '90s, 2 IFN-α in combination with ribavirin (RBV, 3 pegylated (peg IFN-α in combination with RBV, 4 the first direct acting antivirals (DAAs (telaprevir and boceprevir in combination with pegIFN-α and RBV, and 5 newer DAA-based regimens, such as sofosbuvir (which is or is not combined with ledipasvir and fixed-dose combination of ritonavir-boosted paritaprevir and ombitasvir in combination with dasabuvir.We performed a linear regression and mean cost analysis to test for an association between SVRs and HCV regimen prices. We conducted a sensitivity analysis using US prices at the time of US drug licensing. We selected randomized clinical trials of drugs approved for use in Switzerland from 1997 to July 2015 including treatment-naïve patients with HCV genotype 1 infection.We identified a statistically significant positive relationship between the proportion of patients achieving SVRs and the costs of HCV regimens in Switzerland (with a bivariate ordinary least square regression yielding an R2 measure of 0.96 and the US (R2 = 0.95. The incremental cost per additional percentage of SVR was 597.14 USD in Switzerland and 1,063.81 USD in the US.The pricing of drugs for HCV regimens follows a value-based model, which has a stable ratio of costs per achieved SVR over 25 years. Health care systems are struggling with the high resource use of these new agents despite their obvious long-term advantages for the overall health of the population. Therefore, the pharmaceutical industry, health care payers and other stakeholders are challenged with finding new drug

  17. 48 CFR 538.272 - MAS price reductions.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 4 2010-10-01 2010-10-01 false MAS price reductions. 538.272 Section 538.272 Federal Acquisition Regulations System GENERAL SERVICES ADMINISTRATION SPECIAL... Schedules 538.272 MAS price reductions. (a) Section 552.238-75, Price Reductions, requires the contractor to...

  18. 48 CFR 15.403 - Obtaining certified cost or pricing data.

    Science.gov (United States)

    2010-10-01

    ... or pricing data. 15.403 Section 15.403 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION CONTRACTING METHODS AND CONTRACT TYPES CONTRACTING BY NEGOTIATION Contract Pricing 15.403 Obtaining certified cost or pricing data....

  19. Outpatient Provider Concentration and Commercial Colonoscopy Prices

    Directory of Open Access Journals (Sweden)

    Alexis Pozen PhD

    2015-04-01

    Full Text Available The objective was to evaluate the magnitude of various contributors to outpatient commercial colonoscopy prices, including market- and provider-level factors, especially market share. We used adjudicated fee-for-service facility claims from a large commercial insurer for colonoscopies occurring in hospital outpatient department or ambulatory surgery center from October 2005 to December 2012. Claims were matched to provider- and market-level data. Linear fixed effects regressions of negotiated colonoscopy price were run on provider, system, and market characteristics. Markets were defined as counties. There were 178 433 claims from 169 providers (104 systems. The mean system market share was 76% (SD = 0.34 and the mean real (deflated price was US$1363 (SD = 374, ranging from US$169 to US$2748. For every percentage point increase in a system or individual facility’s bed share, relative price increased by 2 to 4 percentage points; this result was stable across a number of specifications. Market population and price were also consistently positively related, though this relation was small in magnitude. No other factor explained price as strongly as market share. Price variation for colonoscopy was driven primarily by market share, of particular concern as the number of mergers increases in wake of the recession and the Affordable Care Act. Whether variation is justified by better quality care requires further research to determine whether quality is subsumed in prices.

  20. Book Discounts and Cost-Plus Pricing

    Science.gov (United States)

    Andresen, David C.

    1974-01-01

    The adoption of cost-plus pricing by a major book jobber may have profound effects on the discounts that libraries receive. The article explains the pricing system and presents a set of graphs for libraries to use to determine its effects. (Author)