WorldWideScience

Sample records for volume discount solar

  1. Intention to Purchase Products under Volume Discount Scheme: A Conceptual Model and Research Propositions

    Directory of Open Access Journals (Sweden)

    Mohammad Iranmanesh

    2014-12-01

    Full Text Available Many standard brands sell products under the volume discount scheme (VDS as more and more consumers are fond of purchasing products under this scheme. Despite volume discount being commonly practiced, there is a dearth of research, both conceptual and empirical, focusing on purchase characteristics factors and consumer internal evaluation concerning the purchase of products under VDS. To attempt to fill this void, this article develops a conceptual model on VDS with the intention of delineating the influence of the purchase characteristics factors on the consumer intention to purchase products under VDS and provides an explanation of their effects through consumer internal evaluation. Finally, the authors discuss the managerial implications of their research and offer guidelines for future empirical research.

  2. Discounting Behavior

    DEFF Research Database (Denmark)

    Andersen, Steffen; Harrison, Glenn W.; Lau, Morten

    2014-01-01

    We re-evaluate the theory, experimental design and econometrics behind claims that individuals exhibit non-constant discounting behavior. Theory points to the importance of controlling for the non-linearity of the utility function of individuals, since the discount rate is defined over time......-dated utility flows and not flows of money. It also points to a menagerie of functional forms to characterize different types of non-constant discounting behavior. The implied experimental design calls for individuals to undertake several tasks to allow us to identify these models, and to several treatments...

  3. Volume morphology of printable solar cells

    Directory of Open Access Journals (Sweden)

    Joachim Loos

    2010-10-01

    Full Text Available Printable polymer or hybrid solar cells (PSCs have the potential to become one of the leading technologies of the 21st century in conversion of sunlight to electrical energy. Because of their ease of processing from solution fast and low cost mass production of devices is possible in a roll-to-roll printing fashion. The performance of such printed devices, in turn, is determined to a large extent by the three-dimensional organization of the photoactive layer, i.e. layer where light is absorbed and converted into free electrical charges, and its contacts with the charge collecting electrodes. In this review I briefly introduce our current understanding of morphology-performance relationships in PSCs with specific focus on electron tomography as analytical tool providing volume information with nanometer resolution.

  4. Discounting in Time

    DEFF Research Database (Denmark)

    Fahrenberg, Uli; Larsen, Kim Guldstrand

    2009-01-01

    This paper deals with the issue of discounting in weighted timed transition systems. Discounting provides a way to model optimal-cost problems for infinite runs and has applications in optimal scheduling and other areas. We show that when postulating a certain natural additivity property for the ......This paper deals with the issue of discounting in weighted timed transition systems. Discounting provides a way to model optimal-cost problems for infinite runs and has applications in optimal scheduling and other areas. We show that when postulating a certain natural additivity property...... for the discounted weights of runs, there is essentially only one possible way to introduce a discounting semantics. Our proof relies on the fact that a certain functional equation essentially only has one solution, for which we provide an elementary proof....

  5. Discounted Duration Calculus

    DEFF Research Database (Denmark)

    Ody, Heinrich; Fränzle, Martin; Hansen, Michael Reichhardt

    2016-01-01

    To formally reason about the temporal quality of systems discounting was introduced to CTL and LTL. However, these logic are discrete and they cannot express duration properties. In this work we introduce discounting for a variant of Duration Calculus. We prove decidability of model checking...... for a useful fragment of discounted Duration Calculus formulas on timed automata under mild assumptions. Further, we provide an extensive example to show the usefulness of the fragment....

  6. Passive solar design handbook. Volume 3: Passive solar design analysis

    Science.gov (United States)

    Jones, R. W.; Bascomb, J. D.; Kosiewicz, C. E.; Lazarus, G. S.; McFarland, R. D.; Wray, W. O.

    1982-07-01

    Simple analytical methods concerning the design of passive solar heating systems are presented with an emphasis on the average annual heating energy consumption. Key terminology and methods are reviewed. The solar load ratio (SLR) is defined, and its relationship to analysis methods is reviewed. The annual calculation, or Load Collector Ratio (LCR) method, is outlined. Sensitivity data are discussed. Information is presented on balancing conservation and passive solar strategies in building design. Detailed analysis data are presented for direct gain and sunspace systems, and details of the systems are described. Key design parameters are discussed in terms of their impact on annual heating performance of the building. These are the sensitivity data. The SLR correlations for the respective system types are described. The monthly calculation, or SLR method, based on the SLR correlations, is reviewed. Performance data are given for 9 direct gain systems and 15 water wall and 42 Trombe wall systems.

  7. Passive solar design handbook. Volume III. Passive solar design analysis

    Energy Technology Data Exchange (ETDEWEB)

    Jones, R.W.; Balcomb, J.D.; Kosiewicz, C.E.; Lazarus, G.S.; McFarland, R.D.; Wray, W.O.

    1982-07-01

    Simple analytical methods concerning the design of passive solar heating systems are presented with an emphasis on the average annual heating energy consumption. Key terminology and methods are reviewed. The solar load ratio (SLR) is defined, and its relationship to analysis methods is reviewed. The annual calculation, or Load Collector Ratio (LCR) method, is outlined. Sensitivity data are discussed. Information is presented on balancing conservation and passive solar strategies in building design. Detailed analysis data are presented for direct gain and sunspace systems, and details of the systems are described. Key design parameters are discussed in terms of their impact on annual heating performance of the building. These are the sensitivity data. The SLR correlations for the respective system types are described. The monthly calculation, or SLR method, based on the SLR correlations, is reviewed. Performance data are given for 9 direct gain systems and 15 water wall and 42 Trombe wall systems. (LEW)

  8. The arithmetic of discounting.

    Science.gov (United States)

    Killeen, Peter R

    2015-01-01

    Most current models of delay discounting multiply the nominal value of a good whose receipt is delayed, by a discount factor that is some function of that delay. This article reviews the logic of a theory that discounts the utility of delayed goods by adding the utility of the good to the disutility of the delay. In limiting cases it approaches other familiar models, such as hyperbolic discounting. In nonlimit cases it makes different predictions, generally requiring, inter alia, a magnitude effect when the value of goods is varied. A different theory is proposed for conditioning experiments. In it utility is computed as the average reinforcing strength of the stimuli that signal the delay. Both theories are extended to experiments in which degree of preference is measured, rather than adjustment to iso-utility values. © Society for the Experimental Analysis of Behavior.

  9. Hyperbolically Discounted Temporal Difference Learning

    OpenAIRE

    Alexander, William H.; Brown, Joshua W.

    2010-01-01

    Hyperbolic discounting of future outcomes is widely observed to underlie choice behavior in animals. Additionally, recent studies (Kobayashi & Schultz, 2008) have reported that hyperbolic discounting is observed even in neural systems underlying choice. However, the most prevalent models of temporal discounting, such as temporal difference learning, assume that future outcomes are discounted exponentially. Exponential discounting has been preferred largely because it is able to be expressed r...

  10. Skylab Experiments, Volume I, Physical Science, Solar Astronomy.

    Science.gov (United States)

    National Aeronautics and Space Administration, Washington, DC.

    Up-to-date knowledge about Skylab experiments is presented for the purpose of informing high school teachers about scientific research performed in orbit and enabling them to broaden their scope of material selection. The first volume is concerned with the solar astronomy program. The related fields are physics, electronics, biology, chemistry,…

  11. Discounting, beyond Utilitarianism

    National Research Council Canada - National Science Library

    Fleurbaey, Marc; Zuber, Stéphane

    2015-01-01

    .... The class is more flexible than discounted utilitarianism in terms of population ethics and it disentangles risk aversion and inequality aversion. The authors show that these social objectives imply interesting modifications of the Ramsey formula, and shed new light on Weitzman's "dismal theorem".

  12. Network Effects Versus Strategic Discounting

    DEFF Research Database (Denmark)

    Zucchini, Leon; Claussen, Jörg; Trüg, Moritiz

    . Alternatively, research on strategic discounting suggests small operators use on-net discounts to advertise with low on-net prices. We test the relative strength of these effects using data on tariff setting in German mobile telecommunications between 2001 and 2009. We find that large operators are more likely......Mobile telecommunication operators routinely charge subscribers lower prices for calls on their own network than for calls to other networks (on-net discounts). Studies on tariff-mediated network effects suggest this is due to large operators using on-net discounts to damage smaller rivals...... to offer tariffs with on-net discounts but there is no consistently significant difference in the magnitude of discounts. Our results suggest that tariff-mediated network effects are the main cause of on-net discounts....

  13. Newsboy model of seasonal commodity sales under volume discount%量折扣下季节性商品销售的newsboy模型

    Institute of Scientific and Technical Information of China (English)

    吴艳; 杨志林

    2013-01-01

    文章研究了二次订购、二次销售的季节性需求商品的销售问题.假设第1阶段的商品需求是依赖其价格的随机变量,且其订购成本采用全单位批量折扣;第2阶段供应商给销售商提供临时性价格折扣,销售商也进行降价销售,并通过广告活动来增加需求,且假设此时的需求是同时依赖销售价格和广告费用的随机变量.通过对此模型的分析,给出了模型的最优解.%The problem of second ordering and sales production which are seasonally demanded is studied.It is assumed that the demand for commodities in the first stage relies on the random variable of the price and the ordering cost adopts all-unit quantity discounts.In the second stage,suppliers will provide temporary price discount for retailers,while sellers also sell at a reduced price and enlarge the demand by advertising,which is under the assumption that the demand relies on the random variable of both the sales price and the expenses of advertisement.The optimal solution to the variety of variables is found by analyzing this model.

  14. Skylab experiments. Volume 1: Physical science, solar astronomy

    Science.gov (United States)

    1973-01-01

    The basic subject of this volume is the solar astronomy program conducted on Skylab. In addition to descriptions of the individual experiments and the principles involved in their performance, a brief description is included of the sun and the energy characteristics associated with each zone. Wherever possible, related classroom activities have been identified and discussed in some detail. It will be apparent that the relationships rest not only in the field of solar astronomy, but also in the following subjects: (1) physics - optics, electromagnetic spectrum, atomic structure, etc.; (2) chemistry - emission spectra, kinetic theory, X-ray absorption, etc.; (3) biology - radiation and dependence on the sun; (4) electronics - cathode ray tubes, detectors, photomultipliers, etc.; (5) photography; (6) astronomy; and (7) industrial arts.

  15. Shopping in discount stores

    DEFF Research Database (Denmark)

    Zielke, Stephan

    2014-01-01

    This paper analyzes the impact of price-related attributions, emotions and value perception on the intention to shop at grocery discounters in an integrated framework. Moderating effects of price consciousness are also analyzed. The results show that the proposed model explains almost three quart...... effect, followed by the efficiency of the business model attribution. The unfairness to stakeholders and the tricks in price communication attribution mostly influence the shopping intention for less price-conscious customers.......This paper analyzes the impact of price-related attributions, emotions and value perception on the intention to shop at grocery discounters in an integrated framework. Moderating effects of price consciousness are also analyzed. The results show that the proposed model explains almost three...

  16. High-Volume Production of Lightweight Multijunction Solar Cells

    Science.gov (United States)

    Youtsey, Christopher

    2015-01-01

    MicroLink Devices, Inc., has transitioned its 6-inch epitaxial lift-off (ELO) solar cell fabrication process into a manufacturing platform capable of sustaining large-volume production. This Phase II project improves the ELO process by reducing cycle time and increasing the yield of large-area devices. In addition, all critical device fabrication processes have transitioned to 6-inch production tool sets designed for volume production. An emphasis on automated cassette-to-cassette and batch processes minimizes operator dependence and cell performance variability. MicroLink Devices established a pilot production line capable of at least 1,500 6-inch wafers per month at greater than 80 percent yield. The company also increased the yield and manufacturability of the 6-inch reclaim process, which is crucial to reducing the cost of the cells.

  17. Analysis of the California solar resource. Volume 3. Appendices

    Energy Technology Data Exchange (ETDEWEB)

    Berdahl, P.; Grether, D.; Martin, M.; Wahlig, M.

    1978-11-01

    The following appendices are included: summaries of conferences with solar data users; solar data user questionnaire and sample formats; evaluation of the solar data user questionnaire; remarks stimulated by the solar data user questionnaire; effects of solar data accuracy on the performance and economics of solar energy systems; summary of solar data measurements; reports of site visits to solar data measurement stations; data correction factors; the regionalization of California for solar monitoring; participants at the Solar Data Management Conference, 19 November 1976; and rehabilitation techniques for daily solar radiation data. (MHR)

  18. MODELLING OF ONLINE GROUP DISCOUNTS

    Directory of Open Access Journals (Sweden)

    Karlo Kotarac

    2013-02-01

    Full Text Available Web pages for group discounts have become very popular in the past few years. In this paper we concentrate on the group discounts for the service industry in which a quality of the service plays an important role in retaining customers which in return affects business profitability. We present a model of the group discount offer from a merchant’s point view. A merchant decides about the size of the discount offered, having in mind quality of the service offered which is affected by the number of customers who use the service. Finally, we derive the first order optimality conditions.

  19. Time discounting and time consistency

    NARCIS (Netherlands)

    Dimitri, N.; Eijck, D.J.N. van

    2012-01-01

    Time discounting is the phenomenon that a desired result in the future is perceived as less valuable than the same result now. Economic theories can take this psychological fact into account in several ways. In the economic literature the most widely used type of additive time discounting is

  20. Power and reduced temporal discounting.

    Science.gov (United States)

    Joshi, Priyanka D; Fast, Nathanael J

    2013-04-01

    Decision makers generally feel disconnected from their future selves, an experience that leads them to prefer smaller immediate gains to larger future gains. This pervasive tendency is known as temporal discounting, and researchers across disciplines are interested in understanding how to overcome it. Following recent advances in the power literature, we suggest that the experience of power enhances one's connection with the future self, which in turn results in reduced temporal discounting. In Study 1, we found that participants assigned to high-power roles were less likely than participants assigned to low-power roles to display temporal discounting. In Studies 2 and 3, priming power reduced temporal discounting in monetary and nonmonetary tasks, and, further, connection with the future self mediated the relation between power and reduced discounting. In Study 4, experiencing a general sense of power in the workplace predicted actual lifetime savings. These results have important implications for future research.

  1. Proceedings of solar energy storage options. Volume I. An intensive workshop on thermal energy storage for solar heating and cooling

    Energy Technology Data Exchange (ETDEWEB)

    None

    1979-01-01

    Separate abstracts were prepared for the 28 papers presented. Panel chairmen's summaries are included; the complete panel reports will be published in Volume II of the Solar Energy Storage Options Workshop proceedings. (WHK)

  2. Solar/hydrogen systems technologies. Volume II (Part 1 of 2). Solar/hydrogen systems assessment. Final report

    Energy Technology Data Exchange (ETDEWEB)

    Escher, W. J.D.; Foster, R. W.; Tison, R. R.; Hanson, J. A.

    1980-06-02

    Volume II of the Solar/Hydrogen Systems Assessment contract report (2 volumes) is basically a technological source book. Relying heavily on expert contributions, it comprehensively reviews constituent technologies from which can be assembled a wide range of specific solar/hydrogen systems. Covered here are both direct and indirect solar energy conversion technologies; respectively, those that utilize solar radiant energy input directly and immediately, and those that absorb energy from a physical intermediary, previously energized by the sun. Solar-operated hydrogen energy production technologies are also covered in the report. The single most prominent of these is water electrolysis. Utilization of solar-produced hydrogen is outside the scope of the volume. However, the important hydrogen delivery step is treated under the delivery sub-steps of hydrogen transmission, distribution and storage. An exemplary use of the presented information is in the synthesis and analysis of those solar/hydrogen system candidates documented in the report's Volume I. Morever, it is intended that broad use be made of this technology information in the implementation of future solar/hydrogen systems. Such systems, configured on either a distributed or a central-plant basis, or both, may well be of major significance in effecting an ultimate transition to renewable energy systems.

  3. Solar/hydrogen systems technologies. Volume II (Part 2 of 2). Solar/hydrogen systems assessment. Final report

    Energy Technology Data Exchange (ETDEWEB)

    Escher, W. J.D.; Foster, R. W.; Tison, R. R.; Hanson, J. A.

    1980-06-02

    Volume II of the Solar/Hydrogen Systems Assessment contract report (2 volumes) is basically a technological source book. Relying heavily on expert contributions, it comprehensively reviews constituent technologies from which can be assembled a wide range of specific solar/hydrogen systems. Covered here are both direct and indirect solar energy conversion technologies; respectively, those that utilize solar radiant energy input directly and immediately, and those that absorb energy from a physical intermediary, previously energized by the sun. Solar-operated hydrogen energy production technologies are also covered in the report. The single most prominent of these is water electrolysis. Utilization of solar-produced hydrogen is outside the scope of the volume. However, the important hydrogen delivery step is treated under the delivery sub-steps of hydrogen transmission, distribution and storage. An exemplary use of the presented information is in the synthesis and analysis of those solar/hydrogen system candidates documented in the report's Volume I. Moreover, it is intended that broad use be made of this technology information in the implementation of future solar/hydrogen systems. Such systems, configured on either a distributed or a central-plant basis, or both, may well be a major significance in effecting an ultimate transition to renewable energy systems.

  4. Cumulative Ocean Volume Estimates of the Solar System

    Science.gov (United States)

    Frank, E. A.; Mojzsis, S. J.

    2010-12-01

    Although there has been much consideration for habitability in silicate planets and icy bodies, this information has never been quantitatively gathered into a single approximation encompassing our solar system from star to cometary halo. Here we present an estimate for the total habitable volume of the solar system by constraining our definition of habitable environments to those to which terrestrial microbial extremophiles could theoretically be transplanted and yet survive. The documented terrestrial extremophile inventory stretches environmental constraints for habitable temperature and pH space of T ~ -15oC to 121oC and pH ~ 0 to 13.5, salinities >35% NaCl, and gamma radiation doses of 10,000 to 11,000 grays [1]. Pressure is likely not a limiting factor to life [2]. We applied these criteria in our analysis of the geophysical habitable potential of the icy satellites and small icy bodies. Given the broad spectrum of environmental tolerance, we are optimistic that our pessimistic estimates are conservative. Beyond the reaches of our inner solar system's conventional habitable zone (Earth, Mars and perhaps Venus) is Ceres, a dwarf planet in the habitable zone that could possess a significant liquid water ocean if that water contains anti-freezing species [3]. Yet further out, Europa is a small icy satellite that has generated much excitement for astrobiological potential due to its putative subsurface liquid water ocean. It is widely promulgated that the icy moons Enceladus, Triton, Callisto, Ganymede, and Titan likewise have also sustained liquid water oceans. If oceans in Europa, Enceladus, and Triton have direct contact with a rocky mantle hot enough to melt, hydrothermal vents could provide an energy source for chemotrophic organisms. Although oceans in the remaining icy satellites may be wedged between two layers of ice, their potential for life cannot be precluded. Relative to the Jovian style of icy satellites, trans-neptunian objects (TNOs) - icy bodies

  5. How Many Impulsivities? A Discounting Perspective

    Science.gov (United States)

    Green, Leonard; Myerson, Joel

    2013-01-01

    People discount the value of delayed and uncertain outcomes, and how steeply individuals discount is thought to reflect how impulsive they are. From this perspective, steep discounting of delayed outcomes (which fails to maximize long-term welfare) and shallow discounting of probabilistic outcomes (which fails to adequately take risk into account)…

  6. Conversion system overview assessment. Volume 1: solar thermoelectrics

    Energy Technology Data Exchange (ETDEWEB)

    Jayadev, T. S.; Henderson, J.; Finegold, J.; Benson, D.

    1979-08-01

    An assessment of thermoelectrics for solar energy conversion is given. There is significant potential for solar thermoelectrics in solar technologies where collector costs are low; e.g., Ocean Thermal Energy Conversion (OTEC) and solar ponds. Reports of two studies by manufacturers assessing the cost of thermoelectric generators in large scale production are included in the appendix and several new concepts thermoelectric systems are presented. (WHK)

  7. SOLTECH 92 proceedings: Solar Process Heat Program. Volume 1

    Energy Technology Data Exchange (ETDEWEB)

    1992-03-01

    This document is a limited Proceedings, documenting the presentations given at the symposia conducted by the US Department of Energy`s (DOE) Solar Industrial Program and Solar Thermal Electrical Program at SOLTECH92. The SOLTECH92 national solar energy conference was held in Albuquerque, New Mexico during the period February 17--20, 1992. The National Renewable Energy Laboratory manages the Solar Industrial Program; Sandia National Laboratories (Albuquerque) manages the Solar Thermal Electric Program. The symposia sessions were as follows: (1) Solar Industrial Program and Solar Thermal Electric Program Overviews, (2) Solar Process Heat Applications, (3) Solar Decontamination of Water and Soil; (4) Solar Building Technologies, (5) Solar Thermal Electric Systems, (6) PV Applications and Technologies. For each presentation given in these symposia, these Proceedings provide a one- to two-page abstract and copies of the viewgraphs and/or 35mm slides utilized by the speaker. Some speakers provided additional materials in the interest of completeness. The materials presented in this document were not subjected to a peer review process.

  8. Progress in passive solar energy systems. Volume 8. Part 1

    Energy Technology Data Exchange (ETDEWEB)

    Hayes, J.; Andrejko, D.A.

    1983-01-01

    This book presents the papers given at a conference sponsored by the US DOE, the Solar Energy Research Institute, SolarVision, Inc., and the Southern California Solar Energy Society. The topics considered at the conference included sizing solar energy systems for agricultural applications, a farm scale ethanol production plant, the EEC wind energy RandD program, the passive solar performance assessment of an earth-sheltered house, the ARCO 1 MW photovoltaic power plant, the performance of a dendritic web photovoltaic module, second generation point focused concentrators, linear fresnel lens concentrating photovoltaic collectors, photovoltaic conversion efficiency, amorphous silicon thin film solar cells, a photovoltaic system for a shopping center, photovoltaic power generation for the utility industry, spectral solar radiation, and the analysis of insolation data.

  9. Atmospheric Renewable Energy Research, Volume 3: Solar-Power Microgrids and Atmospheric Influences

    Science.gov (United States)

    2016-09-01

    maximum ambient ( panel ) temperature of 25 °C. The solar photovoltaic (PV) panel would be mounted on a pole, and for maximum solar energy input, would...designers often use averaged azimuth and elevation angles for the panel orientation. This choice presumes the power system design is not constrained by...ARL-TR-7797 ● SEP 2016 US Army Research Laboratory Atmospheric Renewable Energy Research, Volume 3: Solar -Power Microgrids and

  10. Solar energy research and development: program balance. Annex, Volume II

    Energy Technology Data Exchange (ETDEWEB)

    None

    1978-02-01

    Each of the seven solar energy technologies that have been assessed in the study are treated: photovoltaic devices, solar thermal power systems, wind energy systems, solar heating and cooling systems, agricultural and industrial heat processes, biomass conversion technologies, and ocean thermal energy conversion systems. A brief technical overview of storage for solar electric technologies is presented and some principles concerning how different levels of success on electrical storage can affect the commercial viability of solar electric options are discussed. A description is given of the solar penetration model that was developed and applied as an analytical tool in the study. This computer model has served the primary purpose of evaluating the competiveness of the solar energy systems in the markets in which they are expected to compete relative to that of the alternative energy sources. This is done under a variety of energy supply, demand, and price conditions. The seven sections treating the solar energy technologies contain discussions on each of six subject areas: description of the technology; economic projections; the potential contribution of the technology in different marketplaces; environmental considerations; international potential; and the present and possible future emphases within the RD and D program. The priority item for each of the technology sections has been the documentation of the economic projections.

  11. Tuition Discounting for Revenue Management

    Science.gov (United States)

    Hillman, Nicholas W.

    2012-01-01

    Over the past decade, institutionally-funded financial aid (or "tuition discounts") have been the fastest-growing item within most public four-year college and university operating budgets. One explanation for this trend is due to the changing structure of public colleges' revenue streams, as tuition and fees have replaced state appropriations as…

  12. Optimal supplier choice with discounting

    NARCIS (Netherlands)

    Goldengorin, B.; Keane, J.; Kuzmenko, V.; Tso, M. K-S

    2011-01-01

    This paper investigates a model for pricing the demand for a set of goods when suppliers operate discount schedules based on total business value. We formulate the buyers's decision problem as a mixed binary integer program, which is a generalization of the capacitated facility location problem (CFL

  13. Time Discounting and Time Consistency

    NARCIS (Netherlands)

    N. Dimitri; D.J.N. van Eijck (Jan)

    2011-01-01

    htmlabstractTime discounting is the phenomenon that a desired result in the future is perceived as less valuable than the same result now. Economic theories can take this psychological fact into account in several ways. In the economic literature the most widely used type of additive time discountin

  14. Tuition Discounting for Revenue Management

    Science.gov (United States)

    Hillman, Nicholas W.

    2012-01-01

    Over the past decade, institutionally-funded financial aid (or "tuition discounts") have been the fastest-growing item within most public four-year college and university operating budgets. One explanation for this trend is due to the changing structure of public colleges' revenue streams, as tuition and fees have replaced state appropriations as…

  15. Delay Discounting and Social Policy Issues

    Science.gov (United States)

    Weatherly, Jeffrey N.; Plumm, Karyn M.; Derenne, Adam

    2011-01-01

    The present study used a delay discounting framework to study decisions about six social policy issues and one monetary outcome. For outcomes that nearly all participants discounted, social policies were discounted significantly more than money. A similar result was observed when analyzing all outcomes using data only from participants who…

  16. Delay Discounting and Social Policy Issues

    Science.gov (United States)

    Weatherly, Jeffrey N.; Plumm, Karyn M.; Derenne, Adam

    2011-01-01

    The present study used a delay discounting framework to study decisions about six social policy issues and one monetary outcome. For outcomes that nearly all participants discounted, social policies were discounted significantly more than money. A similar result was observed when analyzing all outcomes using data only from participants who…

  17. Discounting in intergenerational investment appraisal - Survey results

    Directory of Open Access Journals (Sweden)

    Monika Foltyn-Zarychta

    2014-04-01

    Full Text Available Appraising projects with intergenerational effects is a complex task, incorporating the issue of bringing future impacts to present value. This is usually achieved by applying the discount factor. However, the choice of discount rate to intergenerational context faces multiple technical and moral problems. The paper analyses a theoretical rationale behind the concept of intergenerational discount rate and preliminary assessment of intergenerational discount rate level in Poland based on survey done in 2012 among Finance & Insurance Faculty students at University of Economics in Katowice showing the decline in the value of discount rates with time.

  18. Compendium of Practical Astronomy. Volume 2: Earth and Solar System.

    Science.gov (United States)

    Augensen, H. J.; Heintz, W. D.; Roth, Günter D.

    The Compendium of Practical Astronomy is a revised and enlarged English version of the fourth edition of G. Roth's handbook for stargazers. In three volumes 28 carefully edited articles aimed especially at amateur astronomers and students and teachers of astronomy in high schools and colleges cover the length and breadth of practical astronomy. Volume 1 contains information on modern instrumentation and reduction techniques, including spherical astronomy, error estimations, telescope mountings, astrophotography, and more. Volume 2 covers the planetary system, with contributions on artificial satellites, comets, the polar aurorae, and the effects of the atmosphere on observational data. Volume 3 is devoted to stellar objects, variable stars and binary stars in particular. An introduction to the astronomical literature and a comprehensive chapter on astronomy education and instructional aids make the Compedium a useful complement to any college library.

  19. Solar technology assessment project. Volume 3: Active space heating and hot water supply with solar energy

    Science.gov (United States)

    Karaki, S.; Loef, G. O. G.

    1981-04-01

    Several types of solar water heaters are described and assessed. These include thermosiphon water heaters and pump circulation water heaters. Auxiliary water heating is briefly discussed, and new and retrofit systems are compared. Liquid-based space heating systems and solar air heaters are described and assessed, auxiliary space heating are discussed, and new and retrofit solar space heating systems are compared. The status of flat plate collectors, evacuated tube collectors, and thermal storage systems is examined. Systems improvements, reliability, durability and maintenance are discussed. The economic assessment of space and water heating systems includes a comparison of new systems costs with conventional fuels, and sales history and projections. The variety of participants in the solar industry and users of solar heat is discussed, and various incentives and barriers to solar heating are examined. Several policy implications are discussed, and specific government actions are recommended.

  20. Solar Central Receiver Prototype Heliostat. Volume I. Final technical report

    Energy Technology Data Exchange (ETDEWEB)

    None

    1979-06-01

    The objective of this project was to support the Solar Central Receiver Power Plant research, development and demonstration effort by: (1) Establishment of a heliostat design, with associated manufacturing, assembly, installation and maintenance approaches, that, in quantity production will yield significant reductions in capital and operating costs over an assumed 30 year plant lifetime as compared with existing designs; and (2) Identification of needs for near term and future research and development in heliostat concept, materials, manufacture, installation, maintenance, and other areas, where successful accomplishment and application would offer significant payoffs in the further reduction of the cost of electrical energy from solar central receiver power plants. The prototype heliostat design is presented in detail; and manufacturing, installation, and maintenance procedures described. (WHK)

  1. Solar/hydrogen systems for the 1985 to 2000 time frame. Volume I. Solar/hydrogen systems assessment. Final report

    Energy Technology Data Exchange (ETDEWEB)

    Foster, R. W.; Tison, R. R.; Escher, W. J.D.; Hanson, J. A.

    1980-06-01

    The findings of a study of opportunities for commercialization of systems capable of producing hydrogen from solar energy are presented in two volumes. A compendium of monographs by specialists in the fields of solar energy conversion technologies, hydrogen production technologies and related technology descriptions from the general literature comprise Volume II. This data base was used to support an evaluation and selection process that identified four candidate solar/hydrogen systems best suited to commercialization within the next two decades. Volume I first reviews the background of the work and the methods used. Then an evaluation of the hydrogen product costs that might be achieved by the four selected candidate systems (photovoltaic/water electrolysis, thermal-heat engine/water electrolysis, wind energy/water electrolysis, small hydrogen/water electrolysis) is compared with the pricing structure and practices of the commodity gas market. Subsequently, product cost and market price match is noted to exist in the small user sector of the hydrogen marketplace. Barriers to and historical time lags in, commercialization of new technologies are then reviewed. Finally, recommendations for development and demonstration programs designed to accelerate the commercialization of the candidate systems are presented.

  2. Heat pipe central solar receiver. Volume I. Final technical report

    Energy Technology Data Exchange (ETDEWEB)

    Bienert, W. B.; Wolf, D. A.

    1979-04-01

    The objective of this project was the conceptual design of a Central Solar Receiver Gas Turbine Plant which utilizes a high temperature heat pipe receiver. Technical and economic feasibility of such a plant was to be determined and preliminary overall cost estimates obtained. The second objective was the development of the necessary heat pipe technology to meet the requirements of this receiver. A heat pipe receiver is ideally suited for heating gases to high temperatures. The heat pipes are essentially loss free thermal diffusers which accept a high solar flux and transform it to a lower flux which is compatible with heat transferred to gases. The high flux capability reduces receiver heating surface, thereby reducing receiver heat losses. An open recuperative air cycle with a turbine inlet temperature of 816/sup 0/C (1500/sup 0/F) was chosen as the baseline design. This results in peak metal temperatures of about 870/sup 0/C (1600/sup 0/F). The receiver consists of nine modular panels which form the semicircular backwall of a cavity. Gas enters the panels at the bottom and exits from the top. Each panel carries 637 liquid metal heat pipes which are mounted at right angle to the gas flow. The evaporators of the heat pipes protrude from the flux absorbing front surface of the panels, and the finned condensors traverse the gas stream. Capital cost estimates were made for a 10 MW(e) pilot plant. The total projected costs, in mid-1978 dollars, range from $1,947 to $2,002 per electrical kilowatt. On the same basis, the cost of a water/steam solar plant is approximately 50% higher.

  3. Broadband behavior of transmission volume holographic optical elements for solar concentration.

    Science.gov (United States)

    Bañares-Palacios, Paula; Álvarez-Álvarez, Samuel; Marín-Sáez, Julia; Collados, María-Victoria; Chemisana, Daniel; Atencia, Jesús

    2015-06-01

    A ray tracing algorithm is developed to analyze the energy performance of transmission and phase volume holographic lenses that operate with broadband illumination. The agreement between the experimental data and the theoretical treatment has been tested. The model has been applied to analyze the optimum recording geometry for solar concentration applications.

  4. Renewable Resources: a national catalog of model projects. Volume 4. Western Solar Utilization Network Region

    Energy Technology Data Exchange (ETDEWEB)

    None

    1980-07-01

    This compilation of diverse conservation and renewable energy projects across the United States was prepared through the enthusiastic participation of solar and alternate energy groups from every state and region. Compiled and edited by the Center for Renewable Resources, these projects reflect many levels of innovation and technical expertise. In many cases, a critique analysis is presented of how projects performed and of the institutional conditions associated with their success or failure. Some 2000 projects are included in this compilation; most have worked, some have not. Information about all is presented to aid learning from these experiences. The four volumes in this set are arranged in state sections by geographic region, coinciding with the four Regional Solar Energy Centers. The table of contents is organized by project category so that maximum cross-referencing may be obtained. This volume includes information on the Western Solar Utilization Network Region. (WHK)

  5. Renewable Resources: a national catalog of model projects. Volume 1. Northeast Solar Energy Center Region

    Energy Technology Data Exchange (ETDEWEB)

    None

    1980-07-01

    This compilation of diverse conservation and renewable energy projects across the United States was prepared through the enthusiastic participation of solar and alternate energy groups from every state and region. Compiled and edited by the Center for Renewable Resources, these projects reflect many levels of innovation and technical expertise. In many cases, a critique analysis is presented of how projects performed and of the institutional conditions associated with their success or failure. Some 2000 projects are included in this compilation; most have worked, some have not. Information about all is presented to aid learning from these experiences. The four volumes in this set are arranged in state sections by geographic region, coinciding with the four Regional Solar Energy Centers. The table of contents is organized by project category so that maximum cross-referencing may be obtained. This volume includes information on the Northeast Solar Energy Center Region. (WHK).

  6. Renewable Resources: a national catalog of model projects. Volume 3. Southern Solar Energy Center Region

    Energy Technology Data Exchange (ETDEWEB)

    None

    1980-07-01

    This compilation of diverse conservation and renewable energy projects across the United States was prepared through the enthusiastic participation of solar and alternate energy groups from every state and region. Compiled and edited by the Center for Renewable Resources, these projects reflect many levels of innovation and technical expertise. In many cases, a critique analysis is presented of how projects performed and of the institutional conditions associated with their success or failure. Some 2000 projects are included in this compilation; most have worked, some have not. Information about all is presented to aid learning from these experiences. The four volumes in this set are arranged in state sections by geographic region, coinciding with the four Regional Solar Energy Centers. The table of contents is organized by project category so that maximum cross-referencing may be obtained. This volume includes information on the Southern Solar Energy Center Region. (WHK)

  7. The discount window : time for reform?

    OpenAIRE

    Craig S. Hakkio; Gordon H. Sellon

    2000-01-01

    For many years, the Federal Reserve's discount window has played an important role in monetary policy. Discount window borrowing helps individual depository institutions manage their reserve accounts in the presence of unexpected deposit and payments flows. Improved reserve management, in turn, helps stabilize the overnight federal funds market by reducing the volatility of short-term interest rates. Moreover, announced changes in the Federal Reserve's discount rate have often signaled import...

  8. Solar central receiver prototype heliostat. Volume III. Cost estimates

    Energy Technology Data Exchange (ETDEWEB)

    None

    1978-06-01

    The Boeing heliostat design can be produced and installed for a Capital Cost of $42 per square meter at high commercial plant quantities and rates. This is 14% less than the DOE cost target. Even at a low commercial plant production rate of 25,000 heliostats per year the Capital Cost of $48 per square meter is 2% less than the cost goal established by the DOE. Projected capital costs and 30 year maintenance costs for three scenarios of production and installation are presented: (1) commercial rate production of 25,000, 250,000, and 1,000,000 heliostats per year; (2) a one-time only production quantity of 2500 heliostats; and (3) commercial rate production of 25,000 heliostats per year with each plant (25,000 heliostats) installed at widely dispersed sites throughout the Southwestern United States. These three scenarios for solar plant locations and the manufacturing/installation processes are fully described, and detailed cost breakdowns for the three scenarios are provided.

  9. A Solar Radiation Parameterization for Atmospheric Studies. Volume 15

    Science.gov (United States)

    Chou, Ming-Dah; Suarez, Max J. (Editor)

    1999-01-01

    The solar radiation parameterization (CLIRAD-SW) developed at the Goddard Climate and Radiation Branch for application to atmospheric models are described. It includes the absorption by water vapor, O3, O2, CO2, clouds, and aerosols and the scattering by clouds, aerosols, and gases. Depending upon the nature of absorption, different approaches are applied to different absorbers. In the ultraviolet and visible regions, the spectrum is divided into 8 bands, and single O3 absorption coefficient and Rayleigh scattering coefficient are used for each band. In the infrared, the spectrum is divided into 3 bands, and the k-distribution method is applied for water vapor absorption. The flux reduction due to O2 is derived from a simple function, while the flux reduction due to CO2 is derived from precomputed tables. Cloud single-scattering properties are parameterized, separately for liquid drops and ice, as functions of water amount and effective particle size. A maximum-random approximation is adopted for the overlapping of clouds at different heights. Fluxes are computed using the Delta-Eddington approximation.

  10. Solar Central Receiver Hybrid Power Systems sodium-cooled receiver concept. Final report. Volume III. Appendices

    Energy Technology Data Exchange (ETDEWEB)

    None

    1980-01-01

    The overall, long term objective of the Solar Central Receiver Hybrid Power System is to identify, characterize, and ultimately demonstrate the viability and cost effectiveness of solar/fossil, steam Rankine cycle, hybrid power systems that: (1) consist of a combined solar central receiver energy source and a nonsolar energy source at a single, common site, (2) may operate in the base, intermediate, and peaking capacity modes, (3) produce the rated output independent of variations in solar insolation, (4) provide a significant savings (50% or more) in fuel consumpton, and (5) produce power at the minimum possible cost in mills/kWh. It is essential that these hybrid concepts be technically feasible and economically competitive with other systems in the near to mid-term time period (1985-1990) on a commercial scale. The program objective for Phase I is to identify and conceptually characterize solar/fossil steam Rankine cycle, commercial-scale, power plant systems that are economically viable and technically feasible. This volume contains appendices to the conceptual design and systems analysis studies gien in Volume II, Books 1 and 2. (WHK)

  11. New Approaches to Defense Inflation and Discounting

    Science.gov (United States)

    2013-01-01

    the artisan loaf to the store brand, buying less bread and more rice, or even switching from the local grocery chain to a discount store. Notably, the...Guzman, “Theory and Practice in the Choice of Social Discount Rate for Cost-Benefit Analysis: A Survey,” Manila, Philippines: Asian Development Bank

  12. Essays on Discounting Behavior and Gambling Behavior

    DEFF Research Database (Denmark)

    Jessen, Lasse J.

    This thesis consists of three independent chapters on the elicitation of individual discount rates and on the estimation of gambling prevalence in Denmark. The first chapter, “Discount Rate Sensitivity to Background Consumption and Consumption Smoothing,” studies the sensitivity of individual dis...

  13. Tuition Discounting to Optimize Enrollment and Revenue

    Science.gov (United States)

    Parrott, Sarah A.

    2008-01-01

    As the borders between higher education systems continue to erode and competition for qualified students increases, many institutions are exploring variable pricing options, known in the USA as "tuition discounting." The goal of tuition discounting is to use institutional funds to attract and retain desired students while maximizing net…

  14. Pigeons' Discounting of Probabilistic and Delayed Reinforcers

    Science.gov (United States)

    Green, Leonard; Myerson, Joel; Calvert, Amanda L.

    2010-01-01

    Pigeons' discounting of probabilistic and delayed food reinforcers was studied using adjusting-amount procedures. In the probability discounting conditions, pigeons chose between an adjusting number of food pellets contingent on a single key peck and a larger, fixed number of pellets contingent on completion of a variable-ratio schedule. In the…

  15. Essays on Discounting Behavior and Gambling Behavior

    DEFF Research Database (Denmark)

    Jessen, Lasse J.

    This thesis consists of three independent chapters on the elicitation of individual discount rates and on the estimation of gambling prevalence in Denmark. The first chapter, “Discount Rate Sensitivity to Background Consumption and Consumption Smoothing,” studies the sensitivity of individual dis...

  16. Solar central receiver prototype heliostat CDRL item B. d. Final technical report, Volume 2

    Energy Technology Data Exchange (ETDEWEB)

    Easton, C. R.

    1978-08-01

    This is volume II of a two volume report which presents the results of a study to define a low-cost approach to the production, installation, and operation of heliostats for central receiver solar thermal power plants. Performance and cost analyses are presented, and critical R and D areas are identified. Also, computer printed work sheets are included for heliostat investment, maintenance equipment investment, initial spares investment, and first years operations and maintenance for 2,500, 25,000, 250,000, and 1,000,000 units per year production. (WHK)

  17. Characterization of volume holographic optical elements recorded in Bayfol HX photopolymer for solar photovoltaic applications.

    Science.gov (United States)

    Marín-Sáez, Julia; Atencia, Jesús; Chemisana, Daniel; Collados, María-Victoria

    2016-03-21

    Volume Holographic Optical Elements (HOEs) present interesting characteristics for photovoltaic applications as they can select spectrum for concentrating the target bandwidth and avoiding non-desired wavelengths, which can cause the decrease of the performance on the cell, for instance by overheating it. Volume HOEs have been recorded on Bayfol HX photopolymer to test the suitability of this material for solar concentrating photovoltaic systems. The HOEs were recorded at 532 nm and provided a dynamic range, reaching close to 100% efficiency at 800 nm. The diffracted spectrum had a FWHM of 230 nm when illuminating at Bragg angle. These characteristics prove HOEs recorded on Bayfol HX photopolymer are suitable for concentrating solar light onto photovoltaic cells sensitive to that wavelength range.

  18. The Effect of the Volume Flow rate on the Efficiency of a Solar Collector

    DEFF Research Database (Denmark)

    Fan, Jianhua; Shah, Louise Jivan; Furbo, Simon

    rates. Theoretically, a simplified model of the solar collector panel is built by means of the CFD (Computational Fluid Dynamics) code Fluent, where the geometry of the collector panel except the casing is fully modeled. Both lateral and longitudinal heat conduction in the absorber fins, the heat...... transfer from the absorber to the solar collector fluid and the heat loss from the absorber are considered. Flow and temperature distribution in the collector panel are investigated with buoyancy effect. Measurements are carried out with the solar collector panel. Collector efficiencies are measured......The flow distribution inside a collector panel with an area of 12.5 m² and with 16 parallel connected horizontal fins and the effect of the flow nonuniformity on the risk of boiling and on the collector efficiency have been theoretically and experimentally investigated for different volume flow...

  19. Preliminary design of the Carrisa Plains solar central receiver power plant. Volume II. Plant specifications

    Energy Technology Data Exchange (ETDEWEB)

    Price, R. E.

    1983-12-31

    The specifications and design criteria for all plant systems and subsystems used in developing the preliminary design of Carrisa Plains 30-MWe Solar Plant are contained in this volume. The specifications have been organized according to plant systems and levels. The levels are arranged in tiers. Starting at the top tier and proceeding down, the specification levels are the plant, system, subsystem, components, and fabrication. A tab number, listed in the index, has been assigned each document to facilitate document location.

  20. S/EV 92 (Solar and Electric Vehicles): Proceedings. Volume 1

    Energy Technology Data Exchange (ETDEWEB)

    1992-12-01

    Volume I of these proceedings presents current research on solar and electric powered vehicles. Both fundamental and advanced concepts concerning electric vehicles are presented. The use of photovoltaic cells in electric vehicles and in a broader sense as a means of power generation are discussed. Information on electric powered fleets and races is included. And policy and regulations, especially pertaining to air quality and air pollution abatement are presented.

  1. Commercial applications of solar total energy systems. Volume 4. Appendices. Final report. [Solar Total Energy System Evaluation Program (STESEP) code

    Energy Technology Data Exchange (ETDEWEB)

    Boobar, M.G.; McFarland, B.L.; Nalbandian, S.J.; Willcox, W.W.; French, E.P.; Smith, K.E.

    1978-07-01

    A methodology has been developed by Atomics International under contract to the Department of Energy to define the applicability of solar total energy systems (STES) to the commercial sector (e.g., retail stores, shopping centers, offices, etc.) in the United States. Candidate STES concepts were selected to provide on-site power generation capability, as well as thermal energy for both heating and cooling applications. Each concept was evaluated on the basis of its cost effectiveness (i.e., as compared to other concepts) and its ability to ultimately penetrate and capture a significant segment of this market, thereby resulting in a saving of fossil fuel resources. This volume contains the appendices. Topics include deterministic insolation model computer code; building energy usage data; computer simulation programs for building energy demand analysis; model buildings for STES evaluation; Solar Total Energy System Evaluation Program (STESEP) computer code; transient simulation of STES concept; solar data tape analysis; program listings and sample output for use with TRNSYS; transient simulation, and financial parameters sensitivities. (WHK)

  2. Survey of time preference, delay discounting models

    Directory of Open Access Journals (Sweden)

    John R. Doyle

    2013-03-01

    Full Text Available The paper surveys over twenty models of delay discounting (also known as temporal discounting, time preference, time discounting, that psychologists and economists have put forward to explain the way people actually trade off time and money. Using little more than the basic algebra of powers and logarithms, I show how the models are derived, what assumptions they are based upon, and how different models relate to each other. Rather than concentrate only on discount functions themselves, I show how discount functions may be manipulated to isolate rate parameters for each model. This approach, consistently applied, helps focus attention on the three main components in any discounting model: subjectively perceived money; subjectively perceived time; and how these elements are combined. We group models by the number of parameters that have to be estimated, which means our exposition follows a trajectory of increasing complexity to the models. However, as the story unfolds it becomes clear that most models fall into a smaller number of families. We also show how new models may be constructed by combining elements of different models. The surveyed models are: Exponential; Hyperbolic; Arithmetic; Hyperboloid (Green and Myerson, Rachlin; Loewenstein and Prelec Generalized Hyperboloid; quasi-Hyperbolic (also known as beta-delta discounting; Benhabib et al's fixed cost; Benhabib et al's Exponential / Hyperbolic / quasi-Hyperbolic; Read's discounting fractions; Roelofsma's exponential time; Scholten and Read's discounting-by-intervals (DBI; Ebert and Prelec's constant sensitivity (CS; Bleichrodt et al.'s constant absolute decreasing impatience (CADI; Bleichrodt et al.'s constant relative decreasing impatience (CRDI; Green, Myerson, and Macaux's hyperboloid over intervals models; Killeen's additive utility; size-sensitive additive utility; Yi, Landes, and Bickel's memory trace models; McClure et al.'s two exponentials; and Scholten and Read's trade

  3. Discounting Behaviour and the Magnitude Effect

    DEFF Research Database (Denmark)

    Andersen, Steffen; Harrison, Glenn W.; Lau, Morten Igel

    2013-01-01

    We evaluate the claim that individuals exhibit a magnitude effect in their discounting behaviour, where higher discount rates are inferred from choices made with lower principals, all else being equal. If the magnitude effect is quantitatively significant, it is not appropriate to use one discount...... rate that is independent of the scale of the project for cost–benefit analysis and capital budgeting. Using data from a field experiment in Denmark, we find statistically significant evidence of a magnitude effect that is much smaller than is claimed. This evidence surfaces only if one controls...

  4. Do Declining Discount Rates lead to Time Inconsistent Economic Advice?

    DEFF Research Database (Denmark)

    Hansen, Anders Chr.

    2006-01-01

    This paper addresses the risk of time inconsistency in economic appraisals related to the use of hyperbolic discounting (declining discount rates) instead of exponential discounting (constant discount rate). Many economists are uneasy about the prospects of potential time inconsistency. The paper...

  5. Delay, Probability, and Social Discounting in a Public Goods Game

    Science.gov (United States)

    Jones, Bryan A.; Rachlin, Howard

    2009-01-01

    A human social discount function measures the value to a person of a reward to another person at a given social distance. Just as delay discounting is a hyperbolic function of delay, and probability discounting is a hyperbolic function of odds-against, social discounting is a hyperbolic function of social distance. Experiment 1 obtained individual…

  6. 7 CFR 1786.153 - Discounted present value.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 12 2010-01-01 2010-01-01 false Discounted present value. 1786.153 Section 1786.153... Discounted Prepayments on RUS Electric Loans § 1786.153 Discounted present value. (a) The discounted present value shall be calculated by summing the present values of all remaining payments on all Qualified...

  7. 7 CFR 1786.53 - Discounted present value.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 12 2010-01-01 2010-01-01 false Discounted present value. 1786.53 Section 1786.53... Special Discounted Prepayments on RUS Direct/Insured Loans § 1786.53 Discounted present value. The Discounted Present Value shall be calculated five business days before prepayment is made by summing...

  8. Time management problems and discounted utility.

    Science.gov (United States)

    König, Cornelius J; Kleinmann, Martin

    2007-05-01

    The lens of behavioral decision theory offers a new perspective for research on time management. The basic idea of this approach is that people discount future consequences of their time management decisions, meaning that they work on tasks with smaller but sooner outcomes rather than on tasks with larger but later outcomes. The authors performed 2 experimental studies to test whether people are sensitive to differences in the discounted utility of time management decisions. In Experiment 1, they used vignettes of typical time management situations; Experiment 2 was a laboratory simulation (an in-basket task that was part of a training assessment). Participants in both studies were German students. As expected, manipulating the discounted utility of options resulted in different time management decisions. In Experiment 1, reactions to time management situations were judged as less likely if the reactions had lower discounted utilities. In Experiment 2, people spent less time on an interruption.

  9. WHEN ONE MIGHT EXPECT NEGATIVE DISCOUNT RATE?

    Directory of Open Access Journals (Sweden)

    Marcin Palenik

    2012-12-01

    Full Text Available Both in economics and psychology, positive discount rate is usually assumed as an axiom. However, there are circumstances which may lead to negative discount rate. This article presents such a phenomenon. Moreover, author presents particular cases of theories and models which imply preference of receiving lower income in later period of time, rather than higher income in earlier period of time (“less later than more earlier”. The described models are as follows: Life Cycle Hypothesis together with Self Control Theory, Construal Level Theory, Model of Patience Formation and Loewenstein’s Anticipation Model. Authors conclude that there is a need of empirical research verifying implications of these models concerning negative discount rate. Authors believe that the problem of negative discount rate deserves more attention, taking into account that in developed countries interest rates are close to zero and it still does not discourage customers from putting money aside.

  10. ACCOUNTING TREATMENT FOR COMMERCIAL DISCOUNTS ON GOODS PURCHASED FOR RESALE

    Directory of Open Access Journals (Sweden)

    HOLT GHEORGHE

    2016-04-01

    Full Text Available In the specialized literature there are two major categories of discounts applied between business partners: trade discounts and financial discounts. In terms of accounting, the method of calculation of interest is commercial and financial cuts, especially the tax treatment of them. Trade discounts are applied prior to financial services, and both types of discounts are calculated on the net earlier. Discounts are calculated after applying discounts and special an issue is to know the level of rebates, which are determined periodically based on the turnover.

  11. TD Waterhouse discount brokerage: a competitive strategy

    OpenAIRE

    Dangerfield, Catherine

    2007-01-01

    This paper provides a strategic analysis of TD Waterhouse (TDW), the discount brokerage provider within TD Bank Financial Group (TDBFG). Discount brokerage in Canada is an increasingly lucrative industry and contributes significantly to the bottom lines of every major financial institution in the country. It is also a rapidly changing and intensely price-competitive industry in which an explicit, educated business strategy is of the utmost importance. TDW currently employs a somewhat ambiguou...

  12. Sleep deprivation alters effort discounting but not delay discounting of monetary rewards.

    Science.gov (United States)

    Libedinsky, Camilo; Massar, Stijn A A; Ling, Aiqing; Chee, Weiyan; Huettel, Scott A; Chee, Michael W L

    2013-06-01

    To determine whether sleep deprivation would affect the discounting of delayed rewards, of rewards entailing the expense of effort, or both. We measured rates of two types of reward discounting under conditions of rested wakefulness (RW) and sleep deprivation (SD). Delay discounting was defined as the willingness to accept smaller monetary rewards sooner rather than larger monetary rewards later. Effort discounting was defined as the willingness to accept smaller rewards that require less effort to obtain (e.g., typing a small number of letter strings backward) over larger but more effortful rewards (e.g., typing more letter strings to receive the reward). The first two experiments used a crossover design in which one session was conducted after a normal night of sleep (RW), and the other after a night without sleep (SD). The first experiment evaluated only temporal discounting whereas the second evaluated temporal and effort discounting. In the second experiment, the discounting tasks were repeatedly administered prior to the state comparisons to minimize the effects of order and/or repeated testing. In a third experiment, participants were studied only once in a between-subject evaluation of discounting across states. The study took place in a research laboratory. Seventy-seven healthy young adult participants: 20 in Experiment 1, 27 in Experiment 2, and 30 in Experiment 3. N/A. Sleep deprivation elicited increased effort discounting but did not affect delay discounting. The dissociable effects of sleep deprivation on two forms of discounting behavior suggest that they may have differing underlying neural mechanisms.

  13. Discounting of Reward Sequences: a Test of Competing Formal Models of Hyperbolic Discounting

    Directory of Open Access Journals (Sweden)

    Noah eZarr

    2014-03-01

    Full Text Available Humans are known to discount future rewards hyperbolically in time. Nevertheless, a formal recursive model of hyperbolic discounting has been elusive until recently, with the introduction of the hyperbolically discounted temporal difference (HDTD model. Prior to that, models of learning (especially reinforcement learning have relied on exponential discounting, which generally provides poorer fits to behavioral data. Recently, it has been shown that hyperbolic discounting can also be approximated by a summed distribution of exponentially discounted values, instantiated in the µAgents model. The HDTD model and the µAgents model differ in one key respect, namely how they treat sequences of rewards. The µAgents model is a particular implementation of a parallel discounting model, which values sequences based on the summed value of the individual rewards whereas the HDTD model contains a nonlinear interaction. To discriminate among these models, we ascertained how subjects discounted a sequence of three rewards, and then we tested how well each candidate model fit the subject data. The results show that the parallel model generally provides a better fit to the human data.

  14. Feasibility evaluation solar heated textile process water. Volume II. Appendices. Final report

    Energy Technology Data Exchange (ETDEWEB)

    Hester, J. C.; Beard, J. N.; Robinson, G. F.; Harnett, R. M.

    1977-02-01

    The general objectives of this study are to determine the technical and economic feasibility of the use of solar energy for heating waters in the textile industry and to develop a plan for efforts beyond this feasibility study phase. Specific objectives include (1) determine the industry requirements for heated process water, (2) assess particular schemes and their economic impact, (3) study the total cost environment for solar water heating in this industry, and (4) recommend future experiments. This volume contains the appendices: (A) fiber distribution and end use data; (B) computer model description for textile plant energy balances; (C) computer model description to generate local solar potential; (D) computer model description for system synthesis and analysis; (E) computer model to determine pressure drop, flow distribution and plumbing components; (F) area requirement plots for various use rates, temperature levels, seasons, orientations and collector types for textile operations; (G) computer model description of economic variables for COSMO1 and COSMO2; (H) rate of return plots for various textile applications and energy cost scenerios; and (I) data base for efficiency curves for six collector types. (WHK)

  15. The Discounting Confusion: An Ecological Economics Perspective

    Directory of Open Access Journals (Sweden)

    Frank G. Müller

    2013-06-01

    Full Text Available Factors impacting on the discounting process are mirrored in every aspect of human activities, be it the philosophical, the aesthetic, the religious through to the environmental and scientific experiences. In short, discounting is a controversial concept, and yet, the economic profession seems to ignore that issues related to “long-term” discounting are complex, multifaceted, and far from settled. The environmental community in particular has expressed reservations about discounting, because this process —an inherently myopic one— embodies a built-in bias against the future generations.It will be argued here that the danger to ecological sustainability is of a specific nature, namely,it relates to the lack of substitutability between human-made capital and natural capital. If this assumption is accepted, then it follows that using a discount rate is an inadequate instrumentfor achieving sustainability. Thus, it will be argued that the implementation of the precautionary principle, e.g., in form of “safe minimum standards” of ecosystem protection, provides a successful approach for achieving sustainability.

  16. Explicit information reduces discounting behavior in monkeys

    Directory of Open Access Journals (Sweden)

    John ePearson

    2010-12-01

    Full Text Available Animals are notoriously impulsive in common laboratory experiments, preferring smaller, sooner rewards to larger, delayed rewards even when this reduces average reward rates. By contrast, the same animals often engage in natural behaviors that require extreme patience, such as food caching, stalking prey, and traveling long distances to high quality food sites. One possible explanation for this discrepancy is that standard laboratory delay discounting tasks artificially inflate impulsivity by subverting animals’ common learning strategies. To test this idea, we examined choices made by rhesus macaques in two variants of a standard delay discounting task. In the conventional variant, post-reward delays were uncued and adjusted to render total trial length constant; in the second, all delays were cued explicitly. We found that measured discounting was significantly reduced in the cued task, with discount rates well below those reported in studies using the standard uncued design. When monkeys had complete information, their decisions were more consistent with a strategy of reward rate maximization. These results indicate that monkeys, and perhaps other animals, are more patient than is normally assumed, and that laboratory measures of delay discounting may overstate impulsivity.

  17. Discounting in Games across Time Scales

    Directory of Open Access Journals (Sweden)

    Krishnendu Chatterjee

    2010-06-01

    Full Text Available We introduce two-level discounted games played by two players on a perfect-information stochastic game graph. The upper level game is a discounted game and the lower level game is an undiscounted reachability game. Two-level games model hierarchical and sequential decision making under uncertainty across different time scales. We show the existence of pure memoryless optimal strategies for both players and an ordered field property for such games. We show that if there is only one player (Markov decision processes, then the values can be computed in polynomial time. It follows that whether the value of a player is equal to a given rational constant in two-level discounted games can be decided in NP intersected coNP. We also give an alternate strategy improvement algorithm to compute the value.

  18. Discounting in Games across Time Scales

    CERN Document Server

    Chatterjee, Krishnendu; 10.4204/EPTCS.25.6

    2010-01-01

    We introduce two-level discounted games played by two players on a perfect-information stochastic game graph. The upper level game is a discounted game and the lower level game is an undiscounted reachability game. Two-level games model hierarchical and sequential decision making under uncertainty across different time scales. We show the existence of pure memoryless optimal strategies for both players and an ordered field property for such games. We show that if there is only one player (Markov decision processes), then the values can be computed in polynomial time. It follows that whether the value of a player is equal to a given rational constant in two-level discounted games can be decided in NP intersected coNP. We also give an alternate strategy improvement algorithm to compute the value.

  19. Multiple Objective Fuzzy Sourcing Problem with Multiple Items in Discount Environments

    Directory of Open Access Journals (Sweden)

    Feyzan Arikan

    2015-01-01

    Full Text Available The selection of proper supply sources plays a vital role to maintain companies’ competitiveness. In this study a multiple criteria fuzzy sourcing problem with multiple items in discount environment is considered as a multiple objective mixed integer linear programming problem. Fuzzy parameters are demand level and/or aspiration levels of objectives. Three objective functions are minimization of the total production and ordering costs, the total number of rejected units, and the total number of late delivered units, respectively. The model is developed for the all-units discount scheme. For the incremental discount and volume discount environment, modification requirements of the model are mentioned. The previously proposed interactive fuzzy approach combined with three fuzzy mathematical models is employed to obtain most satisfactory solution which is also a nondominated one. This study provides a realistic mathematical model and promising solution strategy to multiple item-single period sourcing problem in discount environment. Consideration of fuzziness makes the obtained nondominated solution implementable for the real cases.

  20. 10% discount at Novae restaurants for students

    CERN Multimedia

    2016-01-01

    A 10% discount will be granted for students dining in restaurants 1 and 2 (on the Meyrin site) during the summer from 15 June 2016 to 15 September 2016.   A special badge will be issued by the respective secretariats if the student fulfils the following criteria:  Is under 25 years old; Is in possession of a student card issued by a University or college; Has a CERN contract > 1 month (Users, Summer Students, Trainees, etc). This badge and the CERN access card will have to be shown at the Novae restaurants in order to benefit from this discount.

  1. Discount method for programming language evaluation

    DEFF Research Database (Denmark)

    Kurtev, Svetomir; Christensen, Tommy Aagaard; Thomsen, Bent

    2016-01-01

    internal language design evaluation methods and large scale surveys and quantitative evaluation methods. The method is designed to be applicable even before a compiler or IDE is developed for a new language. To test the method, a usability evaluation experiment was carried out on the Quorum programming......This paper presents work in progress on developing a Discount Method for Programming Language Evaluation inspired by the Discount Usability Evaluation method (Benyon 2010) and the Instant Data Analysis method (Kjeldskov et al. 2004). The method is intended to bridge the gap between small scale...

  2. Solar technology assessment project. Volume 11: The solar industry in the United States: Its status and prospects, 1981

    Science.gov (United States)

    Clark, J. A.

    1981-04-01

    The energy production goals for the solar industry, and the industry's present status are described. Manufacturing and sales of low and medium temperature solar collectors from 1974 to 2000 are analyzed, and the HUD/DOE solar demonstration programs' relative merits are discussed. Certain characteristics of the conventional water heating industry are briefly described

  3. Delay discounting and utility for money or weight loss.

    Science.gov (United States)

    Sze, Y Y; Slaven, E M; Bickel, W K; Epstein, L H

    2017-03-01

    Obesity is related to a bias towards smaller immediate over larger delayed rewards. This bias is typically examined by studying single commodity discounting. However, weight loss often involves choices among multiple commodities. To our knowledge, no research has examined delay discounting of delayed weight loss compared with other commodities. We examined single commodity discounting of money and cross commodity discounting of money and weight loss in a sample of 84 adults with obesity or overweight statuses interested in weight loss. The exchange rate between money and weight loss was calculated, and participants completed two delay discounting tasks: money now versus money later and money now versus weight loss later. Participants discounted weight loss more than money (p commodity discounting, and greater discounting of weight loss across all participants provide insight on important challenges for weight control.

  4. Solar Pilot Plant, Phase I. Preliminary design report. Volume III. Collector subsystem. CDRL item 2

    Energy Technology Data Exchange (ETDEWEB)

    None

    1977-05-01

    The Honeywell collector subsystem features a low-profile, multifaceted heliostat designed to provide high reflectivity and accurate angular and spatial positioning of the redirected solar energy under all conditions of wind load and mirror attitude within the design operational envelope. The heliostats are arranged in a circular field around a cavity receiver on a tower halfway south of the field center. A calibration array mounted on the receiver tower provides capability to measure individual heliostat beam location and energy periodically. This information and weather data from the collector field are transmitted to a computerized control subsystem that addresses the individual heliostat to correct pointing errors and determine when the mirrors need cleaning. This volume contains a detailed subsystem design description, a presentation of the design process, and the results of the SRE heliostat test program.

  5. Climate policy under sustainable discounted utilitarianism

    Energy Technology Data Exchange (ETDEWEB)

    Dietz, Simon [London School of Economics and Political Science (LSE) (United Kingdom); Asheim, Geir B. [Oslo Univ. (Norway). Dept. of Economics

    2011-08-15

    Empirical evaluation of policies to mitigate climate change has been largely confined to the application of discounted utilitarianism (DU). DU is controversial, both due to the conditions through which it is justified and due to its consequences for climate policies, where the discounting of future utility gains from present abatement efforts makes it harder for such measures to justify their present costs. In this paper, we propose sustainable discounted utilitarianism (SDU) as an alternative principle for evaluation of climate policy. Unlike undiscounted utilitarianism, which always assigns zero relative weight to present utility, SDU is an axiomatically based criterion, which departs from DU by assigning zero weight to present utility if and only if the present is better off than the future. Using the DICE integrated assessment model to run risk analysis, we show that it is possible for the future to be worse off than the present along a 'business as usual' development path. Consequently SDU and DU differ, and willingness to pay for emissions reductions is (sometimes significantly) higher under SDU than under DU. Under SDU, stringent schedules of emissions reductions increase social welfare, even for a relatively high utility discount rate. (orig.)

  6. A New Outlet for Discount Shopping

    Institute of Scientific and Technical Information of China (English)

    S.E.CONGDON-MARTIN

    2004-01-01

    Shanghai Outlet Mall's flaming yellow and orange signage, featuring the word ‘outlet' in two-meter tall capital letters, shrieks, “I'm here!” A sprawling warehouse of discount clothes sold from regular stores and makeshift cubicles, Shanghai Outlet is the pioneer for outlet malls in the city, and one of the first in the country.

  7. Discounting Models for Outcomes over Continuous Time

    DEFF Research Database (Denmark)

    Harvey, Charles M.; Østerdal, Lars Peter

    Events that occur over a period of time can be described either as sequences of outcomes at discrete times or as functions of outcomes in an interval of time. This paper presents discounting models for events of the latter type. Conditions on preferences are shown to be satisfied if and only if t...

  8. Win-Win Strategies at Discount Stores

    NARCIS (Netherlands)

    B. Deleersnyder (Barbara); M.G. Dekimpe (Marnik); J-B.E.M. Steenkamp (Jan-Benedict); O. Koll

    2005-01-01

    textabstractAn important development that contributes to store brands’ growing success in the grocery market is the increasing number of discount stores that sell predominantly own, private-label, brands. To fight private labels, manufacturers of national brands feel increasingly compelled to develo

  9. 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)

  10. Discount Functions for Fitting Individual Data

    NARCIS (Netherlands)

    H. Bleichrodt (Han); K.I.M. Rohde (Kirsten); P.P. Wakker (Peter)

    2007-01-01

    textabstractThe commonly used hyperbolic and quasi-hyperbolic discount functions imply decreasing impatience, which is the prevailing empirical phenomenon in intertemporal choice, in particular for aggregate behavior. At the individual level there is much variation, however, and there will always be

  11. Skiba points for small discount rates

    NARCIS (Netherlands)

    F.O.O. Wagener

    2006-01-01

    The present article uses perturbation techniques to approximate the value function of an economic minimization problem for small values of the discount rate. This can be used to obtain the approximate location of the Skiba states in the problem; these are states for which there are two distinct opti

  12. Discounts at the Carlson Wagonlit travel agency

    CERN Multimedia

    2008-01-01

    The Carlson Wagonlit travel agency is offering exceptional discounts of up to 40% for bookings with M-Travel before 29 February 2008 and Helvetic Tours before 30 March 2008. For terms and conditions and further information please contact the CERN Carlson Wagonlit Travel office, Main Building (500), Tel. 72763.

  13. Discounting of Delayed Rewards Is Not Hyperbolic

    Science.gov (United States)

    Luhmann, Christian C.

    2013-01-01

    Delay discounting refers to decision-makers' tendency to value immediately available goods more than identical goods available only after some delay. In violation of standard economic theory, decision-makers frequently exhibit dynamic inconsistency; their preferences change simply due to the passage of time. The standard explanation for this…

  14. Discounting medical malpractice claim reserves for self-insured hospitals.

    Science.gov (United States)

    Frese, Richard; Kitchen, Patrick

    2011-01-01

    The hospital CFO often works with the hospital's actuary and external auditor to calculate the reserves recorded in financial statements. Hospital management, usually the CFO, needs to decide the discount rate that is most appropriate. A formal policy addressing the rationale for discounting and the rationale for selecting the discount rate can be helpful to the CFO, actuary, and external auditor.

  15. Discounting health effects in pharmacoeconomic evaluations : Current controversies

    NARCIS (Netherlands)

    Bos, JM; Postma, MJ; Annemans, L

    2005-01-01

    Currently, much debate still surrounds the discounting of health effects: Most general consensus statements have argued for the same discount rate for health and money; however, this practice has been questioned by several authors. The choice of discount rate can have varying effects on intervention

  16. 7 CFR 1786.98 - Discounted present value.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 12 2010-01-01 2010-01-01 false Discounted present value. 1786.98 Section 1786.98... Discounted present value. (a) The Discounted Present Value shall be calculated by RUS before prepayment is made by summing the present values of all remaining payments on all outstanding notes according to...

  17. Renewable Resources: a national catalog of model projects. Volume 2. Mid-American Solar Energy Complex Region

    Energy Technology Data Exchange (ETDEWEB)

    None

    1980-07-01

    This compilation of diverse conservation and renewable energy projects across the United States was prepared through the enthusiastic participation of solar and alternate energy groups from every state and region. Compiled and edited by the Center for Renewable Resources, these projects reflect many levels of innovation and technical expertise. In many cases, a critique analysis is presented of how projects performed and of the institutional conditions associated with their success or failure. Some 2000 projects are included in this compilation; most have worked, some have not. Information about all is presented to aid learning from these experiences. The four volumes in this set are arranged in state sections by geographic region, coinciding with the four Regional Solar Energy Centers. The table of contents is organized by project category so that maximum cross-referencing may be obtained. This volume includes information on the Mid-American Solar Energy Complex Region. (WHK)

  18. Probabilistic Discounting of Hypothetical Monetary Gains: University Students Differ in How They Discount "Won" and "Owed" Money

    Science.gov (United States)

    Weatherly, Jeffrey N.; Derenne, Adam

    2013-01-01

    The present study tested whether participants would discount "won" money differently than they would "owed" money in a probability-discounting task. Participants discounted $1000 or $100,000 that they had won in a sweepstakes or that was owed to them using the multiple-choice (Experiment 1) or fill-in-the-blank (Experiment 2) method of collecting…

  19. Probabilistic Discounting of Hypothetical Monetary Gains: University Students Differ in How They Discount "Won" and "Owed" Money

    Science.gov (United States)

    Weatherly, Jeffrey N.; Derenne, Adam

    2013-01-01

    The present study tested whether participants would discount "won" money differently than they would "owed" money in a probability-discounting task. Participants discounted $1000 or $100,000 that they had won in a sweepstakes or that was owed to them using the multiple-choice (Experiment 1) or fill-in-the-blank (Experiment 2) method of collecting…

  20. Approximating a Behavioural Pseudometric without Discount for Probabilistic Systems

    CERN Document Server

    van Breugel, Franck; Worrell, James

    2008-01-01

    Desharnais, Gupta, Jagadeesan and Panangaden introduced a family of behavioural pseudometrics for probabilistic transition systems. These pseudometrics are a quantitative analogue of probabilistic bisimilarity. Distance zero captures probabilistic bisimilarity. Each pseudometric has a discount factor, a real number in the interval (0, 1]. The smaller the discount factor, the more the future is discounted. If the discount factor is one, then the future is not discounted at all. Desharnais et al. showed that the behavioural distances can be calculated up to any desired degree of accuracy if the discount factor is smaller than one. In this paper, we show that the distances can also be approximated if the future is not discounted. A key ingredient of our algorithm is Tarski's decision procedure for the first order theory over real closed fields. By exploiting the Kantorovich-Rubinstein duality theorem we can restrict to the existential fragment for which more efficient decision procedures exist.

  1. Time discounting for primary rewards.

    Science.gov (United States)

    McClure, Samuel M; Ericson, Keith M; Laibson, David I; Loewenstein, George; Cohen, Jonathan D

    2007-05-23

    Previous research, involving monetary rewards, found that limbic reward-related areas show greater activity when an intertemporal choice includes an immediate reward than when the options include only delayed rewards. In contrast, the lateral prefrontal and parietal cortex (areas commonly associated with deliberative cognitive processes, including future planning) respond to intertemporal choices in general but do not exhibit sensitivity to immediacy (McClure et al., 2004). The current experiments extend these findings to primary rewards (fruit juice or water) and time delays of minutes instead of weeks. Thirsty subjects choose between small volumes of drinks delivered at precise times during the experiment (e.g., 2 ml now vs 3 ml in 5 min). Consistent with previous findings, limbic activation was greater for choices between an immediate reward and a delayed reward than for choices between two delayed rewards, whereas the lateral prefrontal cortex and posterior parietal cortex responded similarly whether choices were between an immediate and a delayed reward or between two delayed rewards. Moreover, relative activation of the two sets of brain regions predicts actual choice behavior. A second experiment finds that when the delivery of all rewards is offset by 10 min (so that the earliest available juice reward in any choice is 10 min), no differential activity is observed in limbic reward-related areas for choices involving the earliest versus only more delayed rewards. We discuss implications of this finding for differences between primary and secondary rewards.

  2. Is there time discounting for risk premium?

    Science.gov (United States)

    Shavit, Tal; Rosenboim, Mosi

    2015-03-01

    Individuals with a higher subjective discount rate concentrate more on the present and delay is more significant for them. However, when a risky asset is delayed, not only is the outcome delayed but also the risk. In this paper, we suggest a new, two-stage experimental method with real monetary incentives that allows us to distinguish between the effect of the risk and the effect of the time when pricing a risky asset. We show that when individuals have greater preference for the present, their risk aversion for a risky asset realized in the future decreases. We argue that the effect of the risk for future asset is lower for individuals with higher time preference because they discount not only the outcome but also the risks. © Society for the Experimental Analysis of Behavior.

  3. Synchronisation of customers’ orders using discounts

    DEFF Research Database (Denmark)

    Buhayenko, Viktoryia; van Eikenhorst, Erik

    2016-01-01

    is able to give his customers the incentive to change their order patterns in a way that minimizes his total cost. With the new order schemes, all parties are at least as well off as before. A mono-objective reformulation for this conflicting bi-objective problem is proposed and a mixed-integer based...... the supplier's profit a modification of the heuristic which differs in the discount approximation used is developed....

  4. Accounting and Tax Issues Concerning Commercial Discounts

    Directory of Open Access Journals (Sweden)

    Sava Raluca

    2015-12-01

    Full Text Available Commercial discounts accounting presents a particular importance because, on the one hand, of their widely spread on a large scale in the commercial activity and on the second hand, due to the influence of the accounting and reporting method over the value added tax. The paper theoretically addresses commercial reductions and also their reflection in the accounting according with the latest regulations in force.

  5. Solar central receiver hybrid power system, Phase I. Volume 3. Appendices. Final technical report, October 1978-August 1979

    Energy Technology Data Exchange (ETDEWEB)

    None

    1979-09-01

    A design study for a central receiver/fossil fuel hybrid power system using molten salts for heat transfer and heat storage is presented. This volume contains the appendices: (A) parametric salt piping data; (B) sample heat exchanger calculations; (C) salt chemistry and salt/materials compatibility evaluation; (D) heliostat field coordinates; (E) data lists; (F) STEAEC program input data; (G) hybrid receiver design drawings; (H) hybrid receiver absorber tube thermal math model; (I) piping stress analysis; (J) 100-MWe 18-hour storage solar central receiver hybrid power system capital cost worksheets; and (K) 500-MWe 18-hour solar central receiver hybrid power system cost breakdown. (WHK)

  6. Economic Feasibility and Market Readiness of Solar Technologies. Draft Final Report. Volume I.

    Energy Technology Data Exchange (ETDEWEB)

    Flaim, Silvio J.; Buchanan, Deborah L.; Christmas, Susan; Fellhauer, Cheryl; Glenn, Barbara; Ketels, Peter A.; Levary, Arnon; Mourning, Pete; Steggerda, Paul; Trivedi, Harit; Witholder, Robert E.

    1978-09-01

    Systems descriptions, costs, technical and market readiness assessments are reported for ten solar technologies: solar heating and cooling of buildings (SHACOB), passive, agricultural and industrial process heat (A/IPH), biomass, ocean thermal (OTEC), wind (WECS), solar thermal electric, photovoltaics, satellite power station (SPS), and solar total energy systems (STES). Study objectives, scope, and methods. are presented. of Joint Task The cost and market analyses portion 5213/6103 will be used to make commercialization assessments in the conclusions of. the final report.

  7. Solar Pilot Plant, Phase I. Preliminary design report. Volume II. System description and system analysis. CDRL item 2

    Energy Technology Data Exchange (ETDEWEB)

    None

    1977-05-01

    Honeywell conducted a parametric analysis of the 10-MW(e) solar pilot plant requirements and expected performance and established an optimum system design. The main analytical simulation tools were the optical (ray trace) and the dynamic simulation models. These are described in detail in Books 2 and 3 of this volume under separate cover. In making design decisions, available performance and cost data were used to provide a design reflecting the overall requirements and economics of a commercial-scale plant. This volume contains a description of this analysis/design process and resultant system/subsystem design and performance.

  8. Advanced thermal-energy-storage concept-definition study for solar Brayton power plants. Final technical report, Volume I

    Energy Technology Data Exchange (ETDEWEB)

    1976-01-01

    The detailed results are presented of a technical and economic assessment of phase change and thermochemical energy storage systems in a solar power plant employing a high temperature Brayton cycle thermal engine with helium as the heat transport fluid. The assessment included an examination of the storage system operation, efficiency, power plant interaction, design, materials, safety, maintenance, environmental impact, system life, and economics. These considerations are implemented in the conceptual design of three baseline storage systems and their components for use in a solar power plant module of 50 megawatt electrical power output. Rationale is provided to support the configuration, operation and material choices. A preliminary assessment of the technology development and experimental test program requirements are also included. The report is contained in four separate volumes. This volume is the technical report.

  9. The discount phenomenon at the beginning of the new millennium

    OpenAIRE

    Ducháčová, Lenka

    2010-01-01

    This bachelor's thesis aims to research into the consumer behaviour with respect to sales and discounts. The theoretical part provides the definition of consumer behaviour and forms of sales and discounts, focusing on the phrase "for FREE". The next part takes a look "under the bonnet" of low prices in retail chains and introduces Czech retail chains and their recent development along with the continuously increasing offer of special sales and discounts on the Czech market. One chapter deals ...

  10. On the Choice of the Discount Rate and the Role of Financial Variables and Physical Parameters in Estimating the Levelized Cost of Energy

    Directory of Open Access Journals (Sweden)

    Sergei Manzhos

    2013-07-01

    Full Text Available The levelized cost of energy (LCOE approach has become popular, especially in the field of renewable energy. We argue that when assessing levelized cost of energy, different rates should be used for borrowing and discount rates. We further argue that the risk-free rate should be used for discounting when assessing and comparing the cost of energy across different producers and technologies. Recent analyses used the same rate for borrowing and discounting, which leads to underestimation of the cost for risky borrowers and to distorted sensitivities of the cost to financial and non-financial factors. Specifically, it is shown that they may lead to gross underestimation of the importance of solar-to-electricity conversion efficiency when applied to photovoltaics. The importance of device efficiency is re-established under the treatment of the discount rate proposed here.

  11. Quantity Discount Scheme in Supply Chain under Asymmetric Information

    Institute of Scientific and Technical Information of China (English)

    LI Ji-bin; PENG Zuo-he

    2007-01-01

    Quantity discount scheme plays an important role in supply chain management. The different quantity discount schemes under symmetric (full) information and asymmetric information, are analyzed by using principal-agent and optimal control theory. As a result, the research reveals that the optimal quantity discount solution under symmetric information is a special case of that under asymmetric information. At the same price, the critical value of quantity discount under asymmetric information is much lower than that under asymmetric information. Therefore, this leads to less cost for retailers and smaller profit for their supplier.

  12. The effects of the framing of time on delay discounting.

    Science.gov (United States)

    DeHart, William Brady; Odum, Amy L

    2015-01-01

    We examined the effects of the framing of time on delay discounting. Delay discounting is the process by which delayed outcomes are devalued as a function of time. Time in a titrating delay discounting task is often framed in calendar units (e.g., as 1 week, 1 month, etc.). When time is framed as a specific date, delayed outcomes are discounted less compared to the calendar format. Other forms of framing time; however, have not been explored. All participants completed a titrating calendar unit delay-discounting task for money. Participants were also assigned to one of two delay discounting tasks: time as dates (e.g., June 1st, 2015) or time in units of days (e.g., 5000 days), using the same delay distribution as the calendar delay-discounting task. Time framed as dates resulted in less discounting compared to the calendar method, whereas time framed as days resulted in greater discounting compared to the calendar method. The hyperboloid model fit best compared to the hyperbola and exponential models. How time is framed may alter how participants attend to the delays as well as how the delayed outcome is valued. Altering how time is framed may serve to improve adherence to goals with delayed outcomes.

  13. Agency Costs and the Size Discount: Evidence from Acquisitions

    Directory of Open Access Journals (Sweden)

    David Ofenberg

    2010-12-01

    Full Text Available Many scholars have found a negative relationship between a firm’s size and its value, as measured by Tobin’s q. This result is called the size discount. There are hypotheses about why the size discount exists, but none have been rigorously empirically tested. This paper argues that the size discount is created by the inability of shareholders to minimize agency costs in larger companies. Statistical tests suggest that the size discount only appears in large firms with managers that impose excessive agency costs upon their shareholders. Empiricists who use Tobin’s q to proxy for growth opportunities may need a different proxy.

  14. SOLERAS - Solar Controlled Environment Agriculture Project. Final report, Volume 4. Saudi Engineering Solar Energy Applications System Design Study

    Energy Technology Data Exchange (ETDEWEB)

    1985-01-01

    Literature summarizing a study on the Saudi Arabian solar controlled environment agriculture system is presented. Specifications and performance requirements for the system components are revealed. Detailed performance and cost analyses are used to determine the optimum design. A preliminary design of an engineering field test is included. Some weather data are provided for Riyadh, Saudi Arabia. (BCS)

  15. Syntax for calculation of discounting indices from the monetary choice questionnaire and probability discounting questionnaire.

    Science.gov (United States)

    Gray, Joshua C; Amlung, Michael T; Palmer, Abraham A; MacKillop, James

    2016-09-01

    The 27-item Monetary Choice Questionnaire (MCQ; Kirby, Petry, & Bickel, 1999) and 30-item Probability Discounting Questionnaire (PDQ; Madden, Petry, & Johnson, 2009) are widely used, validated measures of preferences for immediate versus delayed rewards and guaranteed versus risky rewards, respectively. The MCQ measures delayed discounting by asking individuals to choose between rewards available immediately and larger rewards available after a delay. The PDQ measures probability discounting by asking individuals to choose between guaranteed rewards and a chance at winning larger rewards. Numerous studies have implicated these measures in addiction and other health behaviors. Unlike typical self-report measures, the MCQ and PDQ generate inferred hyperbolic temporal and probability discounting functions by comparing choice preferences to arrays of functions to which the individual items are preconfigured. This article provides R and SPSS syntax for processing the MCQ and PDQ. Specifically, for the MCQ, the syntax generates k values, consistency of the inferred k, and immediate choice ratios; for the PDQ, the syntax generates h indices, consistency of the inferred h, and risky choice ratios. The syntax is intended to increase the accessibility of these measures, expedite the data processing, and reduce risk for error.

  16. Discount factors for public sector investment projects using the sum of discounted consumption flows -- estimates for the United Kingdom

    OpenAIRE

    E Kula

    1984-01-01

    In this article a model to estimate a discount factor matrix is derived for discount rates between 1% and 15% for the United Kingdom on the basis of a public-sector project evaluation method known as the sum of discounted consumption flows. These factors can readily be used by project analysts working on United Kingdom projects, especially those in which costs and benefits extend over many years.

  17. Evaluation of solar radiation measurement systems: EPRI/NREL final test report. Volume 1

    Energy Technology Data Exchange (ETDEWEB)

    Stoffel, T; Riordan, C; Bigger, J

    1992-11-01

    Measured solar radiation resource data are needed by electric utilities to evaluate the potential of renewable energy options like photovoltaics in their service territory. In this final test report, we document a cooperative project of the Electric Power Research Institute (EPRI) and the National Renewable Energy Laboratory (NREL) to compare available measurement system options for performing solar radiation resource assessments. We present the detailed results of a 6-month field comparison of thermopile-based pyranometer and pyrheliometer solar irradiance measurement systems with two different implementations of the rotating shadowband radiometer (RSR) concept installed at NREL`s Solar Radiation Research Laboratory (SRRL) in Golden, Colorado.

  18. Rates of delay and probability discounting of northern plains American Indians discounting Indian and majority culture-specific outcomes.

    Science.gov (United States)

    Weatherly, Jeffrey N; McDonald, J Douglas; Derenne, Adam

    2013-01-01

    Discounting occurs when the value of an outcome changes because its delivery is delayed or uncertain. Discounting provides insight into how individuals make decisions, with rates of discounting being related to a number of behavioral disorders. In this study, 39 American Indians (AIs), 29 female, were recruited from the psychology department participant pool at a university in the Northern Plains to complete an acculturation inventory and delay- and probability-discounting tasks related to money, health care, and education reform. Results from ANOVAs showed that participants did not differentially discount the delayed outcomes, but discounted the probabilistic monetary outcomes to a greater extent than probabilistic outcomes involving education reform, suggesting that participants were more risk averse with the monetary, than the education, outcomes. Differences in discounting were not observed as a function of whether the outcome would occur on or off a tribal reservation. Results from regression analyses showed that participants' affiliation with the majority culture was also related to how they discounted probabilistic monetary outcomes. The present study represents the first attempt to measure probability discounting in AI participants and is the first to show differences in this type of decision making. The results, therefore, represent a step forward in understanding when risk-averse versus risk-prone decisions (i.e., a small but certain outcome vs. a better but uncertain outcome) may be made, and how those decisions are related to acculturation in AIs.

  19. Electricity from photovoltaic solar cells: Flat-Plate Solar Array Project final report. Volume V: Process development

    OpenAIRE

    Gallagher, B.; P. Alexander; D.Burger

    1986-01-01

    The Flat-Plate Solar Array (FSA) Project, funded by the U.S. Government and managed by the Jet Propulsion Laboratory, was formed in 1975 to develop the module/array technology needed to attain widespread terrestrial use of photovoltaics by 1985. To accomplish this, the FSA Project established and managed an Industry, University, and Federal Government Team to perform the needed research and development. The goal of the Process Development Area, as part of the FSA Project, was to develop ...

  20. Intergenerational transfers and the social discount rate

    Energy Technology Data Exchange (ETDEWEB)

    Howarth, R.B.; Norgaard, R.B.

    1992-08-01

    This paper investigates the relationship between intergenerational asset transfers and the choice of the discount rate for use in cost-benefit analysis in a model of a competitive overlapping generations economy constrained by a socially managed exhaustible resource. Provided that there are no distortions in capital markets and that all agents hold perfect foresight, cost-benefit techniques will result in a Pareto efficient resource allocation if the discount rate is set equal to the market rate of interest. But since the path of the interest rate depends on the level of intergenerational transfers, cost-benefit techniques do not ensure a socially desirable distribution of welfare between generations; a social optimum will result only if intergenerational transfers are properly chosen and enforced. Decentralized private altruism may result in intergenerational transfers that both present and future individuals would agree are too small if members of the present generation attach positive weight to the general welfare of future generations, not simply their personal descendants. In a world where intergenerational transfers are non-optimal, second-best policy-making may imply a constrained optimum that is inefficient. Together, these findings suggest that cost-benefit analysis is at best a partial criterion to policy formulation that should be used only in conjunction with ethical principles that define the proper distribution of welfare between present and future generations.

  1. Fort Hood Solar Total Energy Project. Volume III. Engineering drawings. Final report

    Energy Technology Data Exchange (ETDEWEB)

    None,

    1979-01-01

    Engineering drawings are presented for the Solar Total Energy System at Fort Hood, Texas. Drawings are given for the solar collector subsystem, power conversion subsystem, instrumentation and control subsystem, thermal storage subsystem, site preparation, thermal storage area piping and equipment layout, heating/cooling and domestic hot water subsystem, STES building and facility, and electrical distribution. (WHK)

  2. High-Performance Home Technologies: Solar Thermal & Photovoltaic Systems; Volume 6 Building America Best Practices Series

    Energy Technology Data Exchange (ETDEWEB)

    None

    2007-06-01

    The sixth volume of the Building America Best Practices Series presents information that is useful throughout the U.S. for enhancing the energy efficiency practices in the specific climate zones that are presented in each of the volumes.

  3. 26 CFR 1.846-1 - Application of discount factors.

    Science.gov (United States)

    2010-04-01

    ...) International business. For any accident year, unpaid losses which are attributable to international business... unpaid losses attributable to each accident year of each line of business shown on the annual statement... of a line of business, that series of discount factors must be applied to discount the unpaid...

  4. Zero discounting can compensate future generations for climate damage

    NARCIS (Netherlands)

    M.D. Davidson

    2014-01-01

    In cost-benefit analysis of climate policy there are two main approaches to discounting, each with implications conflicting with our moral intuitions. Thus, discounted utilitarianism implies that we hardly need to protect future generations against climate change, while classical utilitarianism impl

  5. Internet Addiction and Delay Discounting in College Students

    Science.gov (United States)

    Saville, Bryan K.; Gisbert, Amanda; Kopp, Jason; Telesco, Carolyn

    2010-01-01

    To examine the relation between Internet addiction and delay discounting, we gave 276 college students a survey designed to measure Internet addiction and a paper-based delay-discounting task. In our larger sample, we identified 14 students who met the criteria for Internet addiction; we also identified 14 matched controls who were similar to the…

  6. Zero discounting can compensate future generations for climate damage

    NARCIS (Netherlands)

    Davidson, M.D.

    2014-01-01

    In cost-benefit analysis of climate policy there are two main approaches to discounting, each with implications conflicting with our moral intuitions. Thus, discounted utilitarianism implies that we hardly need to protect future generations against climate change, while classical utilitarianism

  7. Discounts and their Effects - Economic and Legal Approach

    Directory of Open Access Journals (Sweden)

    Funta Rastislav

    2015-02-01

    Full Text Available The present article discusses the economic and legal effects of single-product loyalty discounts. It is clear that arguments concerning the “pro-competitive” effects of such discounts must be judged with skepticism. This applies in particular to the assumed effects of loyalty discounts resulting from double profit surcharges or falling average costs, as well as in the context of price discrimination. I argue that many of the alleged effects could also be achieved with discount forms where the risk of restrictive effects on competition should be lower. Also, the assumed anti-competitive effects of loyalty discounts must be better justified economically. This article suggests using a form-based approach for the assessment of discount schemes. However, this should not amount to a restrictive assessment of certain discount schemes. For the development of such a form-based approach, it is necessary to review the theories about pro-competitive and anti-competitive effects. Therefore, this article attempts to identify which positive effects are more likely to be achieved by means of which discount forms and under which circumstances.

  8. Internet Addiction and Delay Discounting in College Students

    Science.gov (United States)

    Saville, Bryan K.; Gisbert, Amanda; Kopp, Jason; Telesco, Carolyn

    2010-01-01

    To examine the relation between Internet addiction and delay discounting, we gave 276 college students a survey designed to measure Internet addiction and a paper-based delay-discounting task. In our larger sample, we identified 14 students who met the criteria for Internet addiction; we also identified 14 matched controls who were similar to the…

  9. Valuing the Future: Should Educational Benefits Be Discounted?

    Science.gov (United States)

    Gilead, Tal

    2015-01-01

    The practice of assigning a lesser value to benefits the further they are into the future, or, in economic terms, discounting, has long played a significant role in shaping public policy. Recently, due to the growing influence of economic modes of thinking on the educational realm, the concept of discounting is also starting to have an influence…

  10. The Students Decision Making in Solving Discount Problem

    Science.gov (United States)

    Abdillah; Nusantara, Toto; Subanji; Susanto, Hery; Abadyo

    2016-01-01

    This research is reviewing students' process of decision making intuitively, analytically, and interactively. The research done by using discount problem which specially created to explore student's intuition, analytically, and interactively. In solving discount problems, researcher exploring student's decision in determining their attitude which…

  11. Where do we stand on discounts? - A Danish perspective

    DEFF Research Database (Denmark)

    Bergqvist, Christian

    The dominant undertaking’s ability to award discounts and other loyalty inducing considerations are subject to much ambiguity and many unsettled issues. Despite discounts being a commercial requirement, even for the dominant undertaking, it’s difficult to draw up clear principles, and while the a...

  12. 47 CFR 54.509 - Adjustments to the discount matrix.

    Science.gov (United States)

    2010-10-01

    ... 47 Telecommunication 3 2010-10-01 2010-10-01 false Adjustments to the discount matrix. 54.509... discount matrix. (a) Estimating future spending requests. When submitting their requests for specific... matrices, the Administrator shall consult with the Commission to establish the best way to distribute...

  13. Discounting in economic evaluations : Stepping forward towards optimal decision rules

    NARCIS (Netherlands)

    Gravelle, Hugh; Brouwer, Werner; Niessen, Louis; Postma, Maarten; Rutten, Frans

    2007-01-01

    The National Institute for Clinical Excellence has recently changed its guidelines on discounting costs and effects in economic evaluations. In common with most other regulatory bodies it now requires that health effects should be discounted at the same rate as costs. We show that the guideline lead

  14. Discounting and environmental quality: When should dual rates be used?

    NARCIS (Netherlands)

    Weikard, H.P.; Zhu, X.

    2005-01-01

    Triggered by concerns about impacts of long-run climatic change the use of dual-rate discounting to evaluate projects and policies has been suggested. Environmental goods should be discounted at a lower rate than conventional consumption goods. We consider the appropriate use of dual-rate discountin

  15. Development of a solar desiccant dehumidifier. Volume 1. Summary. Volume 2. Detailed technical information. Technical progress report

    Energy Technology Data Exchange (ETDEWEB)

    Gunderson, M.E.; Hwang, K.C.; Railing, S.M.

    1978-03-31

    Research and development work aimed at the development of a solar desiccant dehumidifier is described in detail. The system features a rotary bed of granular silica gel and a rotary regenerator. The dehumidifier can be used for air conditioning through adiabatic saturation of the process airstream. Detailed technical information is presented in the appendices: (A) management, (B) review of the literature: state-of-the-art survey and SERI meeting, (C) review of the literature: adsorbent survey, (D) design requirements and evaluation criteria, (E) design requirements and evaluation criteria, single-family house model, (F) design requirements and evaluation criteria, economic model, (G) design requirements and evaluation criteria: conventional system models for comparison, (H) candidate cooling subsystems, (I) subsystem computer model, (J) subsystem performance map, and (K) subsystem preliminary design. (WHK)

  16. Data catalog series for space science and applications flight missions. Volume 5A: Descriptions of astronomy, astrophysics, and solar physics spacecraft and investigations. Volume 5B: Descriptions of data sets from astronomy, astrophysics, and solar physics spacecraft and investigations

    Science.gov (United States)

    Kim, Sang J. (Editor)

    1988-01-01

    The main purpose of the data catalog series is to provide descriptive references to data generated by space science flight missions. The data sets described include all of the actual holdings of the Space Science Data Center (NSSDC), all data sets for which direct contact information is available, and some data collections held and serviced by foreign investigators, NASA and other U.S. government agencies. This volume contains narrative descriptions of data sets of astronomy, astrophysics, solar physics spacecraft and investigations. The following spacecraft series are included: Mariner, Pioneer, Pioneer Venus, Venera, Viking, Voyager, and Helios. Separate indexes to the planetary and interplanetary missions are also provided.

  17. Solar/hydrogen systems assessment. Volume 1: Solar/hydrogen systems for the 1985 - 2000 time frame

    Science.gov (United States)

    Foster, R. W.; Tison, R. R.; Escher, W. J. D.; Hanson, J. A.

    1980-01-01

    Opportunities for commercialization of systems capable of producing hydrogen from solar energy were studied. The hydrogen product costs that might be achieved by the four selected candidate systems was compared with the pricing structure and practices of the commodity gas market. Subsequently, product cost and market price match was noted to exist in the small user sector of the hydrogen marketplace. Barriers to and historical time lags in, commercialization of new technologies are reviewed. Recommendations for development and demonstration programs designed to accelerate the commercialization of the candidate systems are presented.

  18. Value of the future: Discounting in random environments

    Science.gov (United States)

    Farmer, J. Doyne; Geanakoplos, John; Masoliver, Jaume; Montero, Miquel; Perelló, Josep

    2015-05-01

    We analyze how to value future costs and benefits when they must be discounted relative to the present. We introduce the subject for the nonspecialist and take into account the randomness of the economic evolution by studying the discount function of three widely used processes for the dynamics of interest rates: Ornstein-Uhlenbeck, Feller, and log-normal. Besides obtaining exact expressions for the discount function and simple asymptotic approximations, we show that historical average interest rates overestimate long-run discount rates and that this effect can be large. In other words, long-run discount rates should be substantially less than the average rate observed in the past, otherwise any cost-benefit calculation would be biased in favor of the present and against interventions that may protect the future.

  19. Supermarket Analysis Based On Product Discount and Statistics

    Directory of Open Access Journals (Sweden)

    Komal Kumawat

    2014-03-01

    Full Text Available E-commerce has been growing rapidly. Its domain can provide all the right ingredients for successful data mining and it is a significant domain of data mining. E commerce refers to buying and selling of products or services over electronic systems such as internet. Various e commerce systems give discount on product and allow user to buy product online. The basic idea used here is to predict the product sale based on discount applied to the product. Our analysis concentrates on how customer behaves when discount is allotted to him. We have developed a model which finds the customer behaviour when discount is applied to the product. This paper elaborates upon how a different technique like session, click stream is used to collect user data online based on discount applied to the product and how statistics is applied to data set to see the variation in the data.

  20. Parabolic discounting of monetary rewards by physical effort.

    Science.gov (United States)

    Hartmann, Matthias N; Hager, Oliver M; Tobler, Philippe N; Kaiser, Stefan

    2013-11-01

    When humans and other animals make decisions in their natural environments prospective rewards have to be weighed against costs. It is well established that increasing costs lead to devaluation or discounting of reward. While our knowledge about discount functions for time and probability costs is quite advanced, little is known about how physical effort discounts reward. In the present study we compared three different models in a binary choice task in which human participants had to squeeze a handgrip to earn monetary rewards: a linear, a hyperbolic, and a parabolic model. On the group as well as the individual level, the concave parabolic model explained most variance of the choice data, thus contrasting with the typical hyperbolic discounting of reward value by delay. Research on effort discounting is not only important to basic science but also holds the potential to quantify aberrant motivational states in neuropsychiatric disorders.

  1. Low concentration ratio solar array for low Earth orbit multi-100kW application. Volume 2: Drawings

    Science.gov (United States)

    Nalbandian, S. J.; French, E. P.

    1982-01-01

    A preliminary design effort directed toward a low concentration ratio photovoltaic array system based on 1984 technology and capable of delivering multi-hundred kilowatts (300 kW to 100 kW range) in low Earth orbit. The array system consists of two or more array modules each capable of delivering between 113 kW to 175 kW using silicon solar cells or gallium arsenide solar cells, respectively. The array module deployed area is 1320 square meters and consists of 4356 pyramidal concentrator elements. The module, when stowed in the Space Shuttle's payload bay, has a stowage volume of a cube with 3.24 meters on a side. The concentrator elements are sized for a geometric concentration ratio (GCR) of six with an aperture area of 0.5 meters x 0.5 meters. Drawings for the preliminary design configuration and for the test hardware that was fabricated for design evaluation and test are provided.

  2. Application analysis of solar total energy systems to the residential sector. Volume II, energy requirements. Final report

    Energy Technology Data Exchange (ETDEWEB)

    1979-07-01

    This project analyzed the application of solar total energy systems to appropriate segments of the residential sector and determined their market penetration potential. This volume covers the work done on energy requirements definition and includes the following: (1) identification of the single-family and multi-family market segments; (2) regionalization of the United States; (3) electrical and thermal load requirements, including time-dependent profiles; (4) effect of conservation measures on energy requirements; and (5) verification of simulated load data with real data.

  3. WORK COMPETENCES AT WESTERN BANK DISCOUNT

    Directory of Open Access Journals (Sweden)

    Haidee Coste

    2017-03-01

    Full Text Available The research aimed to identify the generic work competences in the staff of the Vice Presidency of Compensation and Development of the Western Bank Discount. Authors were consulted such as Alles (2008, Tobon (2006 and Hay Group (2004, among others. The research is descriptive, non-experimental, transactional and field design. The population consisted of twelve (12 subjects belonging to the vice presidency. It was applied a questionnaire of thirty (30 items, validated by the trial of three (3 experts, with 0.92 reliability by Cronbach alpha coefficient.  It is concluded the employees of the vice presidency have a high level of the generic work competences customer focus, teamwork, effective communication, innovation, emotional intelligence and making decisions. It is strength for the institution, because staff with those competences contributes doing the best for the development of the institution.

  4. Deriving time discounting correction factors for TTO tariffs.

    Science.gov (United States)

    Attema, Arthur E; Brouwer, Werner B F

    2014-04-01

    The Time Trade-off (TTO) method is a popular method for valuing health state utilities and is frequently used in economic evaluations. However, this method produces utilities that are distorted by several biases. One important bias entails the failure to incorporate time discounting. This paper aims to measure time discounting for health outcomes in a sample representative for the general population. In particular, we estimate TTO scores alongside time discounting in order to derive a set of correction factors that can be employed to correct raw TTO scores for the downward bias caused by time discounting. We find substantial positive correction factors, which are increasing with the severity of the health state. Furthermore, higher discounting is found when using more severe health states in the discounting elicitation task. More research is needed to further develop discount rate elicitation procedures and test their validity, especially in general public samples. Moreover, future research should investigate the correction of TTO values for other biases as well, such as loss aversion, and to develop a criterion to test the external validity of TTO scores.

  5. Energy storage and power conditioning aspects of photovoltaic solar power systems. Volume I. First quarterly report

    Energy Technology Data Exchange (ETDEWEB)

    1975-10-01

    Solar energy may be utilized as thermal energy or converted into electricity by solar cells. ERDA's National Photovoltaic Conversion Program is concerned with this latter approach and is currently sponsoring industrial programs for photovoltaic systems and devices. In one such program, Spectrolab, Inc., is charged with performing conceptual design and analysis of three photovoltaic solar power systems. The sizes of these three systems will cover the requirements of residential, commercial and electric utility central station applications. In addition to a solar cell array, photovoltaic power systems must also include an energy storage system to enable operation during periods of low insolation and a power conditioning system to control the dc power from the array and convert it into an ac waveshape compatible with existing electrical equipment. The Scientific Development Operation of Bechtel Corporation is participating in the Spectrolab program by compiling and studying data on the energy storage and power conditioning aspects of all three photovoltaic solar power systems and by the conceptual design of the system for electric utility central station applications. The results of the energy storage and power conditioning study effort are presented in this report. (W.D.M.)

  6. Solar Heating And Cooling (SHAC) simulation programs: Assessment and evaluation. Volume 1: Summary report

    Science.gov (United States)

    Merriam, R. L.

    1981-05-01

    Solar heating and cooling system simulation programs available to use by electric utilities was evaluated. A comprehensive reference manual describing the characteristics of computer programs and manual methods was developed. An analysis of the intended capabilities of 11 programs is carried out. The programs are described and ranked by application. Four programs (AXCESS, DEROB, EMPSS, TRNSYS) for three building types (residential, light commercial, and heavy commercial) and three heating and cooling system classes (conventional, active solar, passive solar are tested. The results are compared and related to the program analytical bases. The user experience encountered during the program testing is highlighted and the user related factors for the four programs are compared. The applicability of the 11 programs to utilities is explored. DOE

  7. Characterization of solar thermal concepts for electricity generation: Volume 1, Analyses and evaluation

    Energy Technology Data Exchange (ETDEWEB)

    Williams, T.A.; Dirks, J.A.; Brown, D.R.; Drost, M.K.; Antoniac, Z.A.; Ross, B.A.

    1987-03-01

    This study is aimed at providing a relative comparison of the thermodynamic and economic performance in electric applications of several concepts that have been studied and developed in the DOE solar thermal program. Since the completion of earlier systems comparison studies in the late 1970's, there have been a number of years of progress in solar thermal technology. This progress has included development of new solar components, improvements in component and system design detail, construction of working systems, and collection of operating data on the systems. This study provides an updating of the expected performance and cost of the major components and the overall system energy cost for the concepts evaluated. The projections in this study are for the late 1990's time frame, based on the capabilities of the technologies that could be expected to be achieved with further technology development.

  8. Building America Best Practices Series, Volume 6: High-Performance Home Technologies: Solar Thermal & Photovoltaic Systems

    Energy Technology Data Exchange (ETDEWEB)

    Baechler, Michael C.; Gilbride, Theresa L.; Ruiz, Kathleen A.; Steward, Heidi E.; Love, Pat M.

    2007-06-04

    This guide is was written by PNNL for the US Department of Energy's Building America program to provide information for residential production builders interested in building near zero energy homes. The guide provides indepth descriptions of various roof-top photovoltaic power generating systems for homes. The guide also provides extensive information on various designs of solar thermal water heating systems for homes. The guide also provides construction company owners and managers with an understanding of how solar technologies can be added to their homes in a way that is cost effective, practical, and marketable. Twelve case studies provide examples of production builders across the United States who are building energy-efficient homes with photovoltaic or solar water heating systems.

  9. Solar neutrino detection in a large volume double-phase liquid argon experiment

    CERN Document Server

    Franco, D; Agnes, P; Agostino, L; Bottino, B; Davini, S; De Cecco, S; Fan, A; Fiorillo, G; Galbiati, C; Goretti, A M; Hungerford, E V; Ianni, Al; Ianni, An; Jollet, C; Marini, L; Martoff, C J; Meregaglia, A; Pagani, L; Pallavicini, M; Pantic, E; Pocar, A; Renshaw, A L; Rossi, B; Rossi, N; Suvorov, Y; Testera, G; Tonazzo, A; Wang, H; Zavatarelli, S

    2015-01-01

    The direct search for dark matter WIMP particles through their interaction with nuclei at the "neutrino floor" sensitivity, where neutrino-induced coherent scattering on nuclei starts contributing to the background, requires detectors capable of collecting exposures of the order of 1~ktonne yr free of background resulting from beta and gamma decays and cosmogenic and radiogenic neutrons. The same constraints are required for precision measurements of solar neutrinos elastically scattering on electrons. Two-phase liquid argon time projection chambers (LAr TPCs) are prime candidates for the ambitious program to explore the nature of dark matter. The large target, high scintillation light yield and good spatial resolution in all three cartesian directions concurrently allows a high precision measurement of solar neutrino fluxes. We studied the cosmogenic and radiogenic backgrounds affecting solar neutrino detection in a 300 tonne (100 tonne fiducial) LAr TPC operating at LNGS depth (3,800 meters of water equival...

  10. Feasibility evaluation: solar heated textile process water. Volume I. Program results. Final report

    Energy Technology Data Exchange (ETDEWEB)

    Hester, J. C.; Beard, J. N.; Robinson, G. F.; Harnett, R. M.

    1977-02-01

    A feasibility study was conducted to evaluate the technical and economic constraints associated with the use of solar heating to produce process water for the textile industry. The study developed energy-use data based upon actual plant processes to (1) determine current water needs for the industry by temperature level, and (2) to assess the probable future impact of conservation schemes upon possible solar concepts. A realistic weather and solar-flux-environment definition was made based upon analysis of actual weather data for the southeast Piedmont region, where most of the textile-finishing plants are located. Collector-area requirements to meet textile water demands of varying amounts and temperatures were generated, using assembled test data for six collector types ranging from simple flat-plate areas to tracking-concentrator configurations. Energy-collection densities for various types of collectors operating in a representative Southeast environment and producing process water of varying temperatures were generated. Using the assembled test data and performance predictions for various collector types and for various textile-process water-temperature levels, an after-taxes, rate-of-return economic analysis was performed, envisioning possible future energy-price scenarios, to determine allowable installed-collector costs per square foot. These ROR calculations indicate the cost levels at which collector configurations would provide incentive to industry to heat by solar processes as opposed to fossil fuels. Additionally, studies were conducted to determine the effects of possible Federal inducements to solar conversion in the form of investment-tax-credit changes. Lastly, the effect upon economic viability of solar concepts due to the establishment of a leasing industry was evaluated.

  11. Technology assessment of solar energy systems. Scenario development and methodology. Volume II

    Energy Technology Data Exchange (ETDEWEB)

    Schiffman, Y.M.

    1981-07-01

    Included are a general overview of the Technology Assessment of Solar Energy systems (TASE) project and a description of the study approach, the development of the TASE scenarios, energy and environmental assumptions, and assumptions and forecasts of the FOSSIL2 National Energy Model upon which the TASE scenarios were based. The Strategic Environmental Assessment System (SEAS) model was used to generate the analytical data base for TASE. Improvements made to SEAS to allow it to model solar and biomass energy technologies are also described.

  12. SOLERAS - Solar Controlled Environment Agriculture Project. Final report, Volume 1. Project summary

    Energy Technology Data Exchange (ETDEWEB)

    1985-12-30

    A summary of the Solar Controlled Environment Agriculture Project is presented. The design of the greenhouses include transparent double pane glass roof with channels for fluid between the panes, inner pane tinted and double pane extruded acrylic aluminized mylar shade and diffuser. Solar energy technologies provide power for water desalination, for pumping irrigation water, and for cooling and heating the controlled environment space so that crops can grow in arid lands. The project is a joint effort between the United States and Saudi Arabia. (BCS)

  13. The Effect of the Volume Flow rate on the Efficiency of a Solar Collector

    DEFF Research Database (Denmark)

    Fan, Jianhua; Shah, Louise Jivan; Furbo, Simon

    rates. Theoretically, a simplified model of the solar collector panel is built by means of the CFD (Computational Fluid Dynamics) code Fluent, where the geometry of the collector panel except the casing is fully modeled. Both lateral and longitudinal heat conduction in the absorber fins, the heat...

  14. Solar Collector With Image-Forming Mirror Cavity to Irradiate Small Central Volume

    Science.gov (United States)

    Buchele, Don; Castle, Charles; Bonoetti, Joseph A.

    2001-01-01

    A unique solar thermal chamber has been designed and fabricated to produce the maximum concentration of solar energy and higher temperature possible. Its primary purpose was for solar plasma propulsion experiments and related material specimen testing above 3000 K. The design not only maximized solar concentration, but also, minimized infrared heat loss. This paper provides the underlying theory and operation of the chamber and initial optical correlation to the actual fabricated hardware. The chamber is placed at the focal point of an existing primary concentrator with a 2.74 m (9 ft) focal length. A quartz lens focuses a small sun image at the inlet hole of the mirrored cavity. The lens focuses two image planes at prescribed positions; the sun at the cavity's entrance hole and the primary concentrator at the junction plane of two surfaces that form the cavity chamber. The back half is an ellipsoid reflector that produces a 1.27 cm diameter final sun image. The image is "suspended in space," 7.1 cm away from the nearest cavity surface, to minimize thermal and contaminate damage to the mirror surfaces. A hemisphere mirror makes up the front chamber and has its center of curvature at the target image, where rays leaving the target are reflected back upon themselves, minimizing radiation losses.

  15. Combined cycle solar central receiver hybrid power system study. Final technical report. Volume II

    Energy Technology Data Exchange (ETDEWEB)

    None

    1979-11-01

    This study develops the conceptual design for a commercial-scale (nominal 100 MWe) central receiver solar/fossil fuel hybrid power system with combined cycle energy conversion. A near-term, metallic heat pipe receiver and an advanced ceramic tube receiver hybrid system are defined through parametric and market potential analyses. Comparative evaluations of the cost of power generation, the fuel displacement potential, and the technological readiness of these two systems indicate that the near-term hybrid system has better potential for commercialization by 1990. Based on the assessment of the conceptual design, major cost and performance improvements are projected for the near-term system. Constraints preventing wide-spread use were not identified. Energy storage is not required for this system and analyses show no economic advantages with energy storage provisions. It is concluded that the solar hybrid system is a cost effective alternative to conventional gas turbines and combined cycle generating plants, and has potential for intermediate-load market penetration at 15% annual fuel escalation rate. Due to their flexibility, simple solar/nonsolar interfacing, and short startup cycles, these hybrid plants have significant operating advantages. Utility company comments suggest that hybrid power systems will precede stand-alone solar plants.

  16. Workshop proceedings: Photovoltaic conversion of solar energy for terrestrial applications. Volume 2: Invited papers

    Science.gov (United States)

    1973-01-01

    A photovoltaic device development plan is reported that considers technological as well as economical aspects of single crystal silicon, polycrystal silicon, cadmium sulfide/copper sulfide thin films, as well as other materials and devices for solar cell energy conversion systems.

  17. Solar Heating and Cooling of Buildings (Phase O). Volume 1: Executive Summary.

    Science.gov (United States)

    TRW Systems Group, Redondo Beach, CA.

    The purpose of this study was to establish the technical and economic feasibility of using solar energy for the heating and cooling of buildings. Five selected building types in 14 selected cities were used to determine loads for space heating, space cooling and dehumidification, and domestic service hot water heating. Relying on existing and…

  18. Solar neutrino detection in a large volume double-phase liquid argon experiment

    Science.gov (United States)

    Franco, D.; Giganti, C.; Agnes, P.; Agostino, L.; Bottino, B.; Canci, N.; Davini, S.; De Cecco, S.; Fan, A.; Fiorillo, G.; Galbiati, C.; Goretti, A. M.; Hungerford, E. V.; Ianni, Al.; Ianni, An.; Jollet, C.; Marini, L.; Martoff, C. J.; Meregaglia, A.; Pagani, L.; Pallavicini, M.; Pantic, E.; Pocar, A.; Razeti, M.; Renshaw, A. L.; Rossi, B.; Rossi, N.; Suvorov, Y.; Testera, G.; Tonazzo, A.; Wang, H.; Zavatarelli, S.

    2016-08-01

    Precision measurements of solar neutrinos emitted by specific nuclear reaction chains in the Sun are of great interest for developing an improved understanding of star formation and evolution. Given the expected neutrino fluxes and known detection reactions, such measurements require detectors capable of collecting neutrino-electron scattering data in exposures on the order of 1 ktonne-yr, with good energy resolution and extremely low background. Two-phase liquid argon time projection chambers (LAr TPCs) are under development for direct Dark Matter WIMP searches, which possess very large sensitive mass, high scintillation light yield, good energy resolution, and good spatial resolution in all three cartesian directions. While enabling Dark Matter searches with sensitivity extending to the ``neutrino floor'' (given by the rate of nuclear recoil events from solar neutrino coherent scattering), such detectors could also enable precision measurements of solar neutrino fluxes using the neutrino-electron elastic scattering events. Modeling results are presented for the cosmogenic and radiogenic backgrounds affecting solar neutrino detection in a 300 tonne (100 tonne fiducial) LAr TPC operating at LNGS depth (3,800 meters of water equivalent). The results show that such a detector could measure the CNO neutrino rate with ~15% precision, and significantly improve the precision of the 7Be and pep neutrino rates compared to the currently available results from the Borexino organic liquid scintillator detector.

  19. 48 CFR 952.251-70 - Contractor employee travel discounts.

    Science.gov (United States)

    2010-10-01

    ... Federal Contractor employee travelers by AMTRAK, hotels, motels, or car rental companies, when use of such... employees. (d) Hotels/motels. Many lodging providers extend their discount rates for Federal employees...

  20. INFLUENCE OF DISCOUNT PRICE ANNOUNCEMENTS ON CONSUMER’S BEHAVIOR

    Directory of Open Access Journals (Sweden)

    Giuliana Isabella

    2012-10-01

    Full Text Available The theoretical framework that underpins this research study is based on the Prospect Theory formulated by Kahneman and Tversky, and Thaler´s Mental Accounting Theory. The research aims to evaluate the consumers’ behavior when different patterns of discount are offered (in percentage and absolute value and for larger and smaller discounts. Two experiments were conducted to explore these patterns of behavior and the results that were obtained supported the view that the framing effect was a common occurrence. The patterns of choice of individuals in a sample were found to be different due to changes in the ways discounts were offered. This can be explained by the various ways of presenting discount rates that had an impact on the influence of purchase intentions, recommendations and quality perception.

  1. Texting Dependence, iPod Dependence, and Delay Discounting.

    Science.gov (United States)

    Ferraro, F Richard; Weatherly, Jeffrey N

    2016-01-01

    We gave 127 undergraduates questionnaires about their iPod and texting dependence and 2 hypothetical delay discounting scenarios related to free downloaded songs and free texting for life. Using regression analyses we found that when iPod dependence was the dependent variable, Text2-excessive use, Text4-psychological and behavioral symptoms, iPod2-excessive use, and iPod3-relationship disruption were significant predictors of discounting. When texting dependence was the dependent variable, Text4-psychological and behavioral symptoms and iPod3-relationship disruption were significant predictors of discounting. These are the first data to show that delay discounting relates to certain aspects of social media, namely iPod and texting dependence. These data also show that across these 2 dependencies, both psychological and behavioral symptoms and relationship disruptions are affected.

  2. Review of assessment methods discount rate in investment analysis

    Directory of Open Access Journals (Sweden)

    Yamaletdinova Guzel Hamidullovna

    2011-08-01

    Full Text Available The article examines the current methods of calculating discount rate in investment analysis and business valuation, as well as analyzes the key problems using various techniques in terms of the Russian economy.

  3. Cooperation under Incomplete Information on the Discount Factors

    CERN Document Server

    Maor, C

    2010-01-01

    In the repeated Prisoner's Dilemma, when every player has a different discount factor, the grim-trigger strategy is an equilibrium if and only if the discount factor of each player is higher than some threshold. What happens if the players have incomplete information regarding the discount factors? In this work we look at repeated games in which each player has incomplete information regarding the other player's discount factor, and ask when a pair of grim-trigger strategies is an equilibrium. We provide necessary and sufficient conditions for such strategies to be an equilibrium. We characterize the states of the world in which the strategies are not triggered, i.e., the players cooperate, in such equilibria (or $\\epsilon$-equilibria), and ask whether these "cooperation events" are close to those in the complete information case, when the information is "almost" complete, in several senses.

  4. Do natural landscapes reduce future discounting in humans?

    Science.gov (United States)

    van der Wal, Arianne J; Schade, Hannah M; Krabbendam, Lydia; van Vugt, Mark

    2013-12-22

    An important barrier to enduring behavioural change is the human tendency to discount the future. Drawing on evolutionary theories of life history and biophilia, this study investigates whether exposure to natural versus urban landscapes affects people's temporal discount rates. The results of three studies, two laboratory experiments and a field study reveal that individual discount rates are systematically lower after people have been exposed to scenes of natural environments as opposed to urban environments. Further, this effect is owing to people placing more value on the future after nature exposure. The finding that nature exposure reduces future discounting-as opposed to exposure to urban environments-conveys important implications for a range of personal and collective outcomes including healthy lifestyles, sustainable resource use and population growth.

  5. Personal relative deprivation, delay discounting, and gambling.

    Science.gov (United States)

    Callan, Mitchell J; Shead, N Will; Olson, James M

    2011-11-01

    Several lines of research have provided evidence for a relation between personal relative deprivation and gambling. Despite this knowledge, little is known about possible psychological mechanisms through which personal relative deprivation exerts its influence on gambling. The authors of this research sought to examine one such mechanism: the desire for immediate rewards. Using complementary approaches to studying psychological mechanisms, they tested in four studies the general hypothesis that personal relative deprivation translates into gambling urges and behavior in part via increased desires for immediate, even if smaller, rewards. Study 1 showed that an experimental manipulation of personal relative deprivation increased participants' preferences for smaller-sooner over larger-later rewards during a delay-discounting task. Studies 2 and 3 showed that a decreased willingness to delay gratification led to increased gambling behavior. Study 4 showed that preferences for smaller-sooner over larger-later rewards statistically mediated the relation between self-reported personal relative deprivation and gambling urges among a community sample of gamblers. The implications and potential applications of these findings are discussed.

  6. Bundling Revisited: Substitute Products and Inter-Firm Discounts

    OpenAIRE

    Armstrong, Mark

    2011-01-01

    This paper extends the standard model of bundling to allow products to be substitutes and for products to be supplied by separate sellers. Whether integrated or separate, firms have an incentive to introduce bundling discounts when demand for the bundle is elastic relative to demand for stand-alone products. When products are partial substitutes, this typically gives an integrated firm a greater incentive to offer a bundle discount (relative to the standard model with additive preferences), w...

  7. Effect of orbitofrontal cortex lesions on temporal discounting in rats

    OpenAIRE

    Jo, Suhyun; Kim, Ko-Un; Lee, Daeyeol; Jung, Min Whan

    2013-01-01

    Although choices of both humans and animals are more strongly influenced by immediate than delayed rewards, methodological limitations have made it difficult to estimate the precise form of temporal discounting in animals. In the present study, we sought to characterize temporal discounting in rats and to test the role of the orbitofrontal cortex (OFC) in this process. Rats were trained in a novel intertemporal choice task in which the sequence of delay durations was randomized across trials....

  8. Mission analysis of photovoltaic solar energy systems. Final report. Volume I. Summary

    Energy Technology Data Exchange (ETDEWEB)

    1975-12-01

    A summary report of a study program whose principal objective was to develop methods for the technical and economic evaluation of potential missions (applications) for photovoltaic solar energy conversion in the southwestern United States in the 1980 to 2000 period is presented. A secondary objective was to apply the methodology, when developed, to the evaluation of a number of illustrative examples of candidate missions in order to obtain at least a preliminary indication of the competitive position of the photovoltaic technology in the future energy economy of the Southwest. Because of their large potential significance, most of the effort in the study was devoted to two main classes of missions: on-site applications (in which the photovoltaic system serves an electric load point that is colocated with the system) and central station power plant applications. A smaller amount of attention was given to the electrolytic production of hydrogen with electric power generated by the photovoltaic conversion of solar energy. (WHK)

  9. Solar Central Receiver Prototype Heliostat. Volume II. Phase II planning (preliminary)

    Energy Technology Data Exchange (ETDEWEB)

    None

    1978-06-01

    A currently planned DOE program will develop and construct a 10 MW/sub e/ Pilot Plant to demonstrate the feasibility and operational characteristics of Solar Central Receiver Power Generation. The field of heliostats is a major element of the Solar Central Receiver Power Generation system. The primary objective of the program described is to establish and verify the manufacturability, performance, durability, and maintenance requirements of the commercial plant heliostat design. End products of the 16 month effort include: (1) design, fabrication, and test of heliostats; (2) preliminary designs of manufacturing, assembly, installation, and maintenance processes for quantity production; (3) detailed design of critical tooling or other special equipment for such processes; (4) refined cost estimates for heliostats and maintenance; and (5) an updated commercial plant heliostat preliminary design. The program management and control system is discussed. (WHK)

  10. Solar Collector Thermal Power System. Volume 3. Basic Study and Experimental Evaluation of Thermal Train Components

    Science.gov (United States)

    1974-11-01

    the long- lifetime compatibility of sodium and high nickel- chrome alloys (such as Inconel 600) for the thermal train subsystem, an experimental effo...close wound Nichrome V Inconel sheathed resistance heaters were vacuum furnace brazed to the evaporator sections at 1850°F using 82 Au - 18 1. ASTM B...260-BAU-4). Four Inconel sheathed chromel-alumel thermocouples were attached by resistance spot welded Inconel tabs to 40 TABLE VII SOLAR COLLECTOR

  11. Fabric inlet stratifiers for solar tanks with different volume flow rates

    DEFF Research Database (Denmark)

    Andersen, Elsa; Furbo, Simon

    2006-01-01

    in the centre of a glass tank (400 x 400 x 900 mm). The forced volume flow rate is in the range of 6 – 10 l/min, and water enters the stratification pipe from the bottom of the tank. The thermal behaviour of the stratification pipes is investigated for different realistic operation conditions...

  12. Magnetic helicity estimations in models and observations of the solar magnetic field. Part I: Finite volume methods

    CERN Document Server

    Valori, Gherardo; Anfinogentov, Sergey; Chen, Feng; Georgoulis, Manolis K; Guo, Yang; Liu, Yang; Moraitis, Kostas; Thalmann, Julia K; Yang, Shangbin

    2016-01-01

    Magnetic helicity is a conserved quantity of ideal magneto-hydrodynamics characterized by an inverse turbulent cascade. Accordingly, it is often invoked as one of the basic physical quantities driving the generation and structuring of magnetic fields in a variety of astrophysical and laboratory plasmas. We provide here the first systematic comparison of six existing methods for the estimation of the helicity of magnetic fields known in a finite volume. All such methods are reviewed, benchmarked, and compared with each other, and specifically tested for accuracy and sensitivity to errors. To that purpose, we consider four groups of numerical tests, ranging from solutions of the three-dimensional, force-free equilibrium, to magneto-hydrodynamical numerical simulations. Almost all methods are found to produce the same value of magnetic helicity within few percent in all tests. In the more solar-relevant and realistic of the tests employed here, the simulation of an eruptive flux rope, the spread in the computed ...

  13. Time discounting and pain anticipation. Experimental evidence

    Directory of Open Access Journals (Sweden)

    Brañas Garza, Pablo

    2012-03-01

    Full Text Available This paper deals with pain anticipation experienced before medical procedures. our experimental results show that individuals with lower time discount factors are more prone to suffer pain in advance. We provide a framework to rationalize the connection between pain anticipation and impatience. in this set up, more impatient subjects, who only value very near events, mainly take into account the present negative effects of medical procedures (the costs, whereas more patient individuals have a net positive valuation of medical events, given that they are able to value both the cost incurred now and all the benefits to be accrued in the future.

    Este artículo trata de la anticipación del dolor experimentada antes de los procedimientos médicos. nuestros resultados experimentales muestran que los individuos con factor de descuento temporal más bajo son más proclives a sufrir dolor por adelantado. el artículo proporciona un marco en el que racionalizar la relación existente entre impaciencia y anticipación del dolor. en este marco, los sujetos más impacientes, que evalúan sólo los eventos muy próximos en el tiempo, focalizan su atención principalmente en los efectos negativos de los procedimientos médicos (sólo los costes, mientras que los individuos más pacientes tienen una valoración neta positiva de los actos médicos puesto que valoran tanto el coste en el que se incurre en el presente como los beneficios que se obtendrán en el futuro.

  14. Estimation of social discount rate for Lithuania

    Directory of Open Access Journals (Sweden)

    Vilma Kazlauskiene

    2016-09-01

    Full Text Available Purpose of the article: The paper seeks to analyse the problematics of estimation of the social discount rate (SDR. The SDR is the critical parameter of cost-benefit analysis, which allows calculating the present value of cost and the benefit of public sector investment projects. Incorrect choice of the SDR can lead to the realisation of ineffective public project or conversely, cost-effective project will be rejected. The relevance of this problem analysis is determined by discussions and different viewpoints of scientists on the choice of the most appropriate approach to determine the SDR and absence of methodically based the SDR on the national level of Lithuania. Methodology/methods: The research is performed by the scientific and methodical literature analysis, systematization, time series and regression analysis. Scientific aim: The aim of the article is to calculate the SDR based on the statistical data of Lithuania. Findings: The analysis of methods of SDR determination, as well as the researches performed by foreign researchers, allows stating that the social rate of time preference (SRTP approach is the most appropriate. The SDR, calculated by the SRTP approach, reflects the main purpose of public investment projects, i.e. to enhance social benefit for society, the best. The analyses of SDR determination practice of the foreign countries shows that the SDR level should not be universal for all states. Each country should calculate the SDR based on its own data and apply it for the assessment of public projects. Conclusions: The calculated SDR for Lithuania using the SRTP approach varies between 3.5 % and 4.3 %. Although it is lower than 5 % that is offered by European Commission, this rate is based on the statistical data of Lithuania and should be used for the assessment of the national public projects. Application of the reasonable SDR let get the more accurate and reliable cost-benefit analysis of the public projects.

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

    Energy Technology Data Exchange (ETDEWEB)

    None,

    1979-01-01

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

  16. High-Volume Production of Lightweight, Multi-Junction Solar Cells Using 6-inch GaAs Project

    Data.gov (United States)

    National Aeronautics and Space Administration — Very large solar arrays to power future solar electric propulsion systems will require a new generation of solar cells that are not only high efficiency, but also...

  17. Magnetic Helicity Estimations in Models and Observations of the Solar Magnetic Field. Part I: Finite Volume Methods

    Science.gov (United States)

    Valori, Gherardo; Pariat, Etienne; Anfinogentov, Sergey; Chen, Feng; Georgoulis, Manolis K.; Guo, Yang; Liu, Yang; Moraitis, Kostas; Thalmann, Julia K.; Yang, Shangbin

    2016-11-01

    Magnetic helicity is a conserved quantity of ideal magneto-hydrodynamics characterized by an inverse turbulent cascade. Accordingly, it is often invoked as one of the basic physical quantities driving the generation and structuring of magnetic fields in a variety of astrophysical and laboratory plasmas. We provide here the first systematic comparison of six existing methods for the estimation of the helicity of magnetic fields known in a finite volume. All such methods are reviewed, benchmarked, and compared with each other, and specifically tested for accuracy and sensitivity to errors. To that purpose, we consider four groups of numerical tests, ranging from solutions of the three-dimensional, force-free equilibrium, to magneto-hydrodynamical numerical simulations. Almost all methods are found to produce the same value of magnetic helicity within few percent in all tests. In the more solar-relevant and realistic of the tests employed here, the simulation of an eruptive flux rope, the spread in the computed values obtained by all but one method is only 3 %, indicating the reliability and mutual consistency of such methods in appropriate parameter ranges. However, methods show differences in the sensitivity to numerical resolution and to errors in the solenoidal property of the input fields. In addition to finite volume methods, we also briefly discuss a method that estimates helicity from the field lines' twist, and one that exploits the field's value at one boundary and a coronal minimal connectivity instead of a pre-defined three-dimensional magnetic-field solution.

  18. Institutional applications of solar total-energy systems. Draft final report. Volume 2. Appendixes

    Energy Technology Data Exchange (ETDEWEB)

    None

    1978-07-01

    The appendices present the analytical basis for the analysis of solar total energy (STE) systems. A regional-climate model and a building-load requirements model are developed, along with fuel-price scenarios. Life-cycle costs are compared for conventional-utility, total energy, and STE systems. Thermal STE system design trade-offs are performed and thermal STE system performance is determined. The sensitivity of STE competitiveness to fuel prices is examined. The selection of the photovoltaic array is briefly discussed. The institutional-sector decision processes are analyzed. Hypothetical regional back-up rates and electrical-energy costs are calculated. The algorithms and equations used in operating the market model are given, and a general methodology is developed for projecting the size of the market for STE systems and applied to each of 8 institutional subsectors. (LEW)

  19. Solar thermal technology development: Estimated market size and energy cost savings. Volume 1: Executive summary

    Science.gov (United States)

    Gates, W. R.

    1983-01-01

    Estimated future energy cost savings associated with the development of cost-competitive solar thermal technologies (STT) are discussed. Analysis is restricted to STT in electric applications for 16 high-insolation/high-energy-price states. The fuel price scenarios and three 1990 STT system costs are considered, reflecting uncertainty over future fuel prices and STT cost projections. STT R&D is found to be unacceptably risky for private industry in the absence of federal support. Energy cost savings were projected to range from $0 to $10 billion (1990 values in 1981 dollars), dependng on the system cost and fuel price scenario. Normal R&D investment risks are accentuated because the Organization of Petroleum Exporting Countries (OPEC) cartel can artificially manipulate oil prices and undercut growth of alternative energy sources. Federal participation in STT R&D to help capture the potential benefits of developing cost-competitive STT was found to be in the national interest.

  20. SOLERAS - Solar Controlled Environment Agriculture Project. Final report, Volume 5. Science Applications, Incorporated system requirements definition

    Energy Technology Data Exchange (ETDEWEB)

    1985-01-01

    This report sets forth the system requirements for a Solar Controlled-Environment Agriculture System (SCEAS) Project. In the report a conceptual baseline system description for an engineering test facility is given. This baseline system employs a fluid roof/roof filter in combination with a large storage tank and a ground water heat exchanger in order to provide cooling and heating as needed. Desalination is accomplished by pretreatment followed by reverse osmosis. Energy is provided by means of photovoltaics and wind machines in conjunction with storage batteries. Site and climatic data needed in the design process are given. System performance specifications and integrated system design criteria are set forth. Detailed subsystem design criteria are presented and appropriate references documented.

  1. Solar thermal technology development: Estimated market size and energy cost savings. Volume 1: Executive summary

    Science.gov (United States)

    Gates, W. R.

    1983-02-01

    Estimated future energy cost savings associated with the development of cost-competitive solar thermal technologies (STT) are discussed. Analysis is restricted to STT in electric applications for 16 high-insolation/high-energy-price states. The fuel price scenarios and three 1990 STT system costs are considered, reflecting uncertainty over future fuel prices and STT cost projections. STT R&D is found to be unacceptably risky for private industry in the absence of federal support. Energy cost savings were projected to range from $0 to $10 billion (1990 values in 1981 dollars), dependng on the system cost and fuel price scenario. Normal R&D investment risks are accentuated because the Organization of Petroleum Exporting Countries (OPEC) cartel can artificially manipulate oil prices and undercut growth of alternative energy sources. Federal participation in STT R&D to help capture the potential benefits of developing cost-competitive STT was found to be in the national interest.

  2. Solar-collector-materials exposure to the IPH site environment. Volume 1. Final report

    Energy Technology Data Exchange (ETDEWEB)

    Morris, V.L.

    1982-01-01

    In-situ environmental exposure tests were conducted at nine proposed intermediate-temperature Industrial Process Heat (IPH) sites. Three types of reflector materials were evaluated for survivability at the nine sites: second-surface silvered glass, aluminized acrylic FEK-244 film on aluminumsubstrate and Alzak (electropolished aluminum) on aluminium substrate. Black chrome absorber material and low-iron float glass were evaluated for thermal, photochemical, and environmental degradation. The reflector specimens were monitored for decreases in specular and hemispherical reflectance due to soil buildup. The absorber material was evaluated for changes in solar absorptivity and emissivity, and the float glass was monitored for changes in transmissivity. Surface and subsurface defects on all materials were examined microscopically and, where deemed of note, were documented photographically.

  3. Time discounting and time preference in animals: A critical review.

    Science.gov (United States)

    Hayden, Benjamin Y

    2016-02-01

    Animals are an important model for studies of impulsivity and self-control. Many studies have made use of the intertemporal choice task, which pits small rewards available sooner against larger rewards available later (typically several seconds), repeated over many trials. Preference for the sooner reward is often taken to indicate impulsivity and/or a failure of self-control. This review shows that very little evidence supports this assumption; on the contrary, ostensible discounting behavior may reflect a boundedly rational but not necessarily impulsive reward-maximizing strategy. Specifically, animals may discount weakly, or even adopt a long-term rate-maximizing strategy, but fail to fully incorporate postreward delays into their choices. This failure may reflect learning biases. Consequently, tasks that measure animal discounting may greatly overestimate the true discounting and may be confounded by processes unrelated to time preferences. If so, animals may be much more patient than is widely believed; human and animal intertemporal choices may reflect unrelated mental operations; and the shared hyperbolic shape of the human and animal discount curves, which is used to justify cross-species comparisons, may be coincidental. The discussion concludes with a consideration of alternative ways to measure self-control in animals.

  4. Delay discounting and future-directed thinking in anhedonic individuals.

    Science.gov (United States)

    Lempert, Karolina M; Pizzagalli, Diego A

    2010-09-01

    Anhedonia (lack of reactivity to pleasurable stimuli) and a negatively skewed view of the future are important components of depression that could affect economic decisions in depressed individuals. Delay discounting paradigms might be useful for probing putative affective and cognitive underpinnings of such decisions. As a first step to evaluate whether difficulties experiencing pleasure might affect delay discounting, 36 undergraduate students with varying levels of anhedonia performed a delay discounting task in which they made choices between a small immediate and larger future monetary reward. Increasing levels of anhedonia (Snaith-Hamilton Pleasure Scale) were negatively associated with delay discounting rate, indicating that anhedonic individuals tended to choose the larger, albeit delayed reward. These correlations remained after controlling for variables previously linked to delay discounting (working memory capacity and impulsivity) and pessimistic future-directed thinking. The current findings provide preliminary evidence indicating that anhedonic individuals make less myopic decisions about their future, possibly due to their decreased responsiveness to immediate rewards. (c) 2010 Elsevier Ltd. All rights reserved.

  5. Description, prescription and the choice of discount rates

    Energy Technology Data Exchange (ETDEWEB)

    Baum, Seth D. [Rock Ethics Institute, Pennsylvania State University, 201 Willard Building, University Park, PA 16802 (United States); Department of Geography, Pennsylvania State University, 302 Walker Building, University Park, PA 16802 (United States)

    2009-11-15

    The choice of discount rates is a key issue in the analysis of long-term societal issues, in particular environmental issues such as climate change. Approaches to choosing discount rates are generally placed into two categories: the descriptive approach and the prescriptive approach. The descriptive approach is often justified on grounds that it uses a description of how society discounts instead of having analysts impose their own discounting views on society. This paper analyzes the common forms of the descriptive and prescriptive approaches and finds that, in contrast with customary thinking, both forms are equally descriptive and prescriptive. The prescriptions concern who has standing (i.e. who is included) in society, how the views of these individuals are measured, and how the measurements are aggregated. Such prescriptions are necessary to choose from among the many possible descriptions of how society discounts. The descriptions are the measurements made given a choice of measurement technique. Thus, the labels 'descriptive approach' and 'prescriptive approach' are deeply misleading, as analysts cannot avoid imposing their own views on society. (author)

  6. Evaluation of line focus solar central power systems. Volume I. Executive summary

    Energy Technology Data Exchange (ETDEWEB)

    1980-03-15

    An evaluation was completed to ascertain the applicability of line focus technologies to electrical power applications and to compare their performance and cost potential with point focus central receiver power systems. It was concluded that although the high temperature line focus (SRI) and fixed mirror line focus (GA) concepts duplicate the heat source characteristics and power conversion technology of the central receiver concepts these configurations do not offer a sufficient improvement in cost to warrant full scale development. The systems are, however, less complex than their point focus counterpart and should the central receiver system development falter they provide reasonable technology alternatives. This volume is an executive summary. (WHK)

  7. Comparative ranking of 0. 1 to 10 MW(e) solar thermal electric power systems. Volume I. Summary of results. Final report

    Energy Technology Data Exchange (ETDEWEB)

    Thornton, J.P.; Brown, K.C.; Finegold, J.G.; Gresham, J.B.; Herlevich, F.A.; Kowalik, J.S.; Kriz, T.A.

    1980-08-01

    This report is part of a two-volume set summarizing the results of a comparative ranking of generic solar thermal concepts designed specifically for electric power generation. The original objective of the study was to project the mid-1990 cost and performance of selected generic solar thermal electric power systems for utility applications and to rank these systems by criteria that reflect their future commercial acceptance. This study considered plants with rated capacities of 1 to 10 MW(e), operating over a range of capacity factors from the no-storage case to 0.7 and above. Later, the study was extended to include systems with capacities from 0.1 to 1 MW(e), a range that is attractive to industrial and other non-utility applications. This volume summarizes the results for the full range of capacities from 0.1 to 10 MW(e). Volume II presents data on performance and cost and ranking methodology.

  8. Analysis of the economic potential of solar thermal energy to provide industrial process heat. Final report, Volume I. [In-depth analysis of 78 industries

    Energy Technology Data Exchange (ETDEWEB)

    None

    1977-02-07

    The process heat data base assembled as the result of this survey includes specific process applications from 78 four-digit Standard Industrial Classification (SIC) groups. These applications account for the consumption of 9.81 quadrillion Btu in 1974, about 59 percent of the 16.6 quadrillion Btu estimated to have been used for all process heat in 1974. About 7/sup 1///sub 2/ percent of industrial process heat is used below 212/sup 0/F (100/sup 0/C), and 28 percent below 550/sup 0/F (288/sup 0/C). In this study, the quantitative assessment of the potential of solar thermal energy systems to provide industrial process heat indicates that solar energy has a maximum potential to provide 0.6 quadrillion Btu per year in 1985, and 7.3 quadrillion Btu per year in 2000, in economic competition with the projected costs of conventional fossil fuels for applications having a maximum required temperature of 550/sup 0/ (288/sup 0/C). A wide variety of collector types were compared for performance and cost characteristics. Performance calculations were carried out for a baseline solar system providing hot water in representative cities in six geographical regions within the U.S. Specific industries that should have significant potential for solar process heat for a variety of reasons include food, textiles, chemicals, and primary metals. Lumber and wood products, and paper and allied products also appear to have significant potential. However, good potential applications for solar process heat can be found across the board throughout industry. Finally, an assessment of nontechnical issues that may influence the use of solar process heat in industry showed that the most important issues are the establishment of solar rights, standardization and certification for solar components and systems, and resolution of certain labor-related issues. (Volume 1 of 3 volumes.)

  9. Where do we stand on discounts? - A Danish perspective

    DEFF Research Database (Denmark)

    Bergqvist, Christian

    The dominant undertaking’s ability to award discounts and other loyalty inducing considerations are subject to much ambiguity and many unsettled issues. Despite discounts being a commercial requirement, even for the dominant undertaking, it’s difficult to draw up clear principles, and while...... the approach to non-dominant undertaking’s restriction of competition has been fundamentally recast over the last 20 years, the appraisal of single company behaviour remains more formal and rigid. However, there have recently been indications that some of the same leniency might have been extended to discounts...... and single company behaviour. Consequently, an attempt shall be made to provide some guidelines under EU and Danish practice’red. Danish companies would normally be governed by both and the later has been aligned to the former, thus providing general guidance on EU practice....

  10. Mission analysis of photovoltaic solar energy conversion. Volume I. Executive summary

    Energy Technology Data Exchange (ETDEWEB)

    Leonard, S.L.; Rattin, E.J.; Siegel, B.

    1977-03-01

    An investigation of terrestrial applications for the photovoltaic conversion of solar energy is summarized. The specific objectives of the study were: (a) to survey and evaluate near-term (1976--1985) civilian photovoltaic applications in the United States; (b) to evaluate the most promising major missions for the mid-term period (1986--2000) and to determine the conditions under which photovoltaic technology can compete in those applications at array prices consistent with ERDA goals; (c) to address critical external issues and identify the sensitivity of photovoltaic system technical requirements to such factors; and (d) to quantify the societal costs of alternative energy sources and identify equalizing incentives. The study was divided into six separate but interrelated tasks: Task 1, Analysis of Near-Term Applications; Task 2, Analysis of Major Mid-Term Missions; Task 3, Review and Updating of the ERDA Technology Implementation Plan; Task 4, Critical External Issues; Task 5, The Impact of Incentives; and Task 6, The Societal Costs of Conventional Power Generation. The emphasis of the study was on the first two of these tasks, the other four serving to provide supplementary information.

  11. 26 CFR 1.466-1 - Method of accounting for the redemption cost of qualified discount coupons.

    Science.gov (United States)

    2010-04-01

    ... the coupon. (2) Definitions—(i) Discount coupon. A discount coupon is a sales promotion device used to... than a reduction in the sales price of one of the issuer's products. The discount may be stated...

  12. Dynamic optimization approach for integrated supplier selection and tracking control of single product inventory system with product discount

    Science.gov (United States)

    Sutrisno; Widowati; Heru Tjahjana, R.

    2017-01-01

    In this paper, we propose a mathematical model in the form of dynamic/multi-stage optimization to solve an integrated supplier selection problem and tracking control problem of single product inventory system with product discount. The product discount will be stated as a piece-wise linear function. We use dynamic programming to solve this proposed optimization to determine the optimal supplier and the optimal product volume that will be purchased from the optimal supplier for each time period so that the inventory level tracks a reference trajectory given by decision maker with minimal total cost. We give a numerical experiment to evaluate the proposed model. From the result, the optimal supplier was determined for each time period and the inventory level follows the given reference well.

  13. Evaluation of line focus solar central power systems. Volume II. Systems evaluation

    Energy Technology Data Exchange (ETDEWEB)

    1980-03-15

    An evaluation was completed to ascertain the applicability of line focus technologies to electrical power applications and to compare their performance and cost potential with point focus central receiver power systems. It was concluded that although the high temperature line focus (SRI) and fixed mirror line focus (GA) concepts duplicate the heat source characteristics and power conversion technology of the central receiver concepts these configurations do not offer a sufficient improvement in cost to warrant full scale development. The systems are, however, less complex than their point focus counterpart and should the central receiver system development falter they provide reasonable technology alternatives. The parabolic trough concept (BDM) was found to provide a low temperature technology alternative to the central receiver concept with promising performance and cost potential. Its continued development is recommended, with special emphasis on lower temperature (< 700/sup 0/F) applications. Finally, a variety of new promising line focus power system configurations were identified for a range of utility and industrial applications and recommendations were made on their implementation. This volume contains the detailed report. (WHK)

  14. Relationship between cooperation in an iterated prisoner's dilemma game and the discounting of hypothetical outcomes.

    Science.gov (United States)

    Yi, Richard; Johnson, Matthew W; Bickel, Warren K

    2005-08-01

    A number of authors have proposed that preference for a larger, delayed reward in delay discounting is similar to cooperation in a repeated prisoner's dilemma game versus tit-for-tat. This proposal was examined by correlating delay-discounting (Experiment 1) and probability-discounting (Experiment 2) rates for hypothetical monetary gains and losses with performance in a repeated prisoner's dilemma game. Correlations between rate of delay discounting (discounting parameters and area under the curve) and proportion of cooperation in the repeated prisoner's dilemma game versus tit-for-tat were significant across three magnitudes, and correlations were generally higher with discounting for losses than with that for gains. As was expected, correlations between rate of delay discounting and performance versus a random strategy in the prisoner's dilemma game were not significant. Correlations between rate of probability-discounting and cooperation rate in a repeated prisoner's dilemma game versus neither a tit-for-tat nor a random strategy were significant.

  15. Delay discounting as a function of intrinsic/extrinsic religiousness, religious fundamentalism, and regular church attendance.

    Science.gov (United States)

    Weatherly, Jeffrey N; Plumm, Karyn M

    2012-01-01

    Delay discounting occurs when the subjective value of an outcome decreases because its delivery is delayed. Previous research has suggested that the rate at which some, but not all, outcomes are discounted varies as a function of regular church attendance. In the present study, 509 participants completed measures of intrinsic religiousness, extrinsic religiousness, religious fundamentalism, and whether they regularly attended church services. They then completed a delay-discounting task involving five outcomes. Although religiousness was not a significant predictor of discounting for all outcomes, participants scoring high in intrinsic religiousness tended to display less delay discounting than participants scoring low. Likewise, participants scoring high in religious fundamentalism tended to display more delay discounting than participants scoring low. These results partially replicate previous ones in showing that the process of discounting may vary as a function of religiousness. The results also provide some direction for those interested in altering how individuals discount.

  16. On the Joint Analysis of the Total Discounted Payments to Policyholders and Shareholders: Dividend Barrier Strategy

    National Research Council Canada - National Science Library

    Eric C K Cheung; Haibo Liu; Jae-Kyung Woo

    2015-01-01

      In the compound Poisson insurance risk model under a dividend barrier strategy, this paper aims to analyze jointly the aggregate discounted claim amounts until ruin and the total discounted dividends...

  17. Left Atrial Volume Index and Prediction of Events in Acute Coronary Syndrome: Solar Registry

    Directory of Open Access Journals (Sweden)

    Jose Alves Secundo Junior

    2014-10-01

    Full Text Available Background: According to some international studies, patients with acute coronary syndrome (ACS and increased left atrial volume index (LAVI have worse long-term prognosis. However, national Brazilian studies confirming this prediction are still lacking. Objective: To evaluate LAVI as a predictor of major cardiovascular events (MCE in patients with ACS during a 365-day follow-up. Methods: Prospective cohort of 171 patients diagnosed with ACS whose LAVI was calculated within 48 hours after hospital admission. According to LAVI, two groups were categorized: normal LAVI (≤ 32 mL/m2 and increased LAVI (> 32 mL/m2. Both groups were compared regarding clinical and echocardiographic characteristics, in- and out-of-hospital outcomes, and occurrence of ECM in up to 365 days. Results: Increased LAVI was observed in 78 patients (45%, and was associated with older age, higher body mass index, hypertension, history of myocardial infarction and previous angioplasty, and lower creatinine clearance and ejection fraction. During hospitalization, acute pulmonary edema was more frequent in patients with increased LAVI (14.1% vs. 4.3%, p = 0.024. After discharge, the occurrence of combined outcome for MCE was higher (p = 0.001 in the group with increased LAVI (26% as compared to the normal LAVI group (7% [RR (95% CI = 3.46 (1.54-7.73 vs. 0.80 (0.69-0.92]. After Cox regression, increased LAVI increased the probability of MCE (HR = 3.08, 95% CI = 1.28-7.40, p = 0.012. Conclusion: Increased LAVI is an important predictor of MCE in a one-year follow-up.

  18. Left Atrial Volume Index and Prediction of Events in Acute Coronary Syndrome: Solar Registry

    Science.gov (United States)

    Secundo Junior, Jose Alves; Santos, Marcos Antonio Almeida; Faro, Gustavo Baptista de Almeida; Soares, Camile Bittencourt; Silva, Allyson Matos Porto; Secundo, Paulo Fernando Carvalho; Teixeira, Clarissa Karine Cardoso; Oliveira, Joselina Luzia Menezes; Barreto Filho, Jose Augusto Soares; Sousa, Antônio Carlos Sobral

    2014-01-01

    Background According to some international studies, patients with acute coronary syndrome (ACS) and increased left atrial volume index (LAVI) have worse long-term prognosis. However, national Brazilian studies confirming this prediction are still lacking. Objective To evaluate LAVI as a predictor of major cardiovascular events (MCE) in patients with ACS during a 365-day follow-up. Methods Prospective cohort of 171 patients diagnosed with ACS whose LAVI was calculated within 48 hours after hospital admission. According to LAVI, two groups were categorized: normal LAVI (≤ 32 mL/m2) and increased LAVI (> 32 mL/m2). Both groups were compared regarding clinical and echocardiographic characteristics, in- and out-of-hospital outcomes, and occurrence of ECM in up to 365 days. Results Increased LAVI was observed in 78 patients (45%), and was associated with older age, higher body mass index, hypertension, history of myocardial infarction and previous angioplasty, and lower creatinine clearance and ejection fraction. During hospitalization, acute pulmonary edema was more frequent in patients with increased LAVI (14.1% vs. 4.3%, p = 0.024). After discharge, the occurrence of combined outcome for MCE was higher (p = 0.001) in the group with increased LAVI (26%) as compared to the normal LAVI group (7%) [RR (95% CI) = 3.46 (1.54-7.73) vs. 0.80 (0.69-0.92)]. After Cox regression, increased LAVI increased the probability of MCE (HR = 3.08, 95% CI = 1.28-7.40, p = 0.012). Conclusion Increased LAVI is an important predictor of MCE in a one-year follow-up. PMID:25119895

  19. Solar Central Receiver Hybrid Power Systems sodium-cooled receiver concept. Final report. Volume II, Book 2. Conceptual design, Sections 5 and 6

    Energy Technology Data Exchange (ETDEWEB)

    None

    1980-01-01

    The overall, long-term objective of the Solar Central Receiver Hybrid Power System program is to identify, characterize, and ultimately demonstrate the viability and cost effectiveness of solar/fossil, steam Rankine cycle, hybrid power systems that: (1) consist of a combined solar central receiver energy source and a nonsolar energy source at a single, common site, (2) may operate in the base, intermediate, and peaking capacity modes, (3) produce the rated output independent of variations in solar insolation, (4) provide a significant savings (50% or more) in fuel consumption, and (5) produce power at the minimum possible cost in mills/kWh. It is essential that these hybrid concepts be technically feasible and economically competitive with other systems in the near to mid-term time period (1985-1990) on a commercial scale. The program objective for Phase I is to identify and conceptually characterize solar/fossil steam Rankine cycle, commercial-scale, power plant systems that are economically viable and technically feasible. This volume contains the detailed conceptual design and cost/performance estimates and an assessment of the commercial scale solar central receiver hybrid power system. (WHK)

  20. Optimal harvesting of fish stocks under a time-varying discount rate

    OpenAIRE

    Duncan, Stephen; Hepburn, Cameron; Papachristodoulou, Antonis

    2010-01-01

    Abstract Optimal control theory has been extensively used to determine the optimal harvesting policy for renewable resources such as fish stocks. In such optimizations, it is common to maximise the discounted utility of harvesting over time, employing a constant time discount rate. However, evidence from human and animal behaviour suggests that we have evolved to employ discount rates which fall over time, often referred to as ?hyperbolic discounting?. This increases the weight on ...

  1. Quantity discount contracts for supply chain coordination under asymmetric information and disruptions

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    The quantity discount contracts are investigated for a one-supplier-one-retailer supply chain with asymmetric information when the retailer's cost is disrupted. While the retailer's cost structure is asymmetric information, two all-unit quantity discount contract models, fixed expected-profit percentage discount(FEPD) and fixed wholesale-pricing percentage discount(FWPD) under asymmetric information are proposed in a regular scenario. When the retailer's cost distribution fluctuates due to disruptions, the ...

  2. Special discount to the members of the Staff Association

    CERN Document Server

    Association du personnel

    2012-01-01

    FNAC 5% discount on gifts card available in four Swiss shops without any restriction. Gifts card on sale to the Staff Association Secretariat. TPG 50 CHF discount on annual subscriptions. Subscription « tout Genève » for adult: 650 CHF; for junior: 400 CHF. On sale to the Staff Association Secretariat. Théâtre de Carouge Discount of 5.-CHF for all shows (30.– CHF instead of 35.-CHF) and on season tickets « first performance » ( 132.– CHF instead 162.– CHF) and also on « classical » ( 150.– CHF instead of 180.– CHF) upon presentation of your Staff Association membership card before payment. Aquaparc Discounted prices on admission of whole day. Children from 5 to 15 years: 30.-CHF instead of 39.-CHF; Adults from 16 years: 36.-CHF instead of 49.-CHF. Tickets on sale to the Staff Association Secretariat. Go Sport 15% off on all purchases in the whole shop upon present...

  3. MODERN INDICATORS DERIVED FROM VALUE CREATION AND DISCOUNTED

    Directory of Open Access Journals (Sweden)

    Cican Simona

    2013-07-01

    In this article, we will present the connection between discounted cash flow methods and the indicators derived from value creation, based on the business finance theory, which says that firm value will increase if projects with positive net present value are accepted, while it will be destroyed if projects with negative net present value are accepted.

  4. Deriving the Dividend Discount Model in the Intermediate Microeconomics Class

    Science.gov (United States)

    Norman, Stephen; Schlaudraff, Jonathan; White, Karianne; Wills, Douglas

    2013-01-01

    In this article, the authors show that the dividend discount model can be derived using the basic intertemporal consumption model that is introduced in a typical intermediate microeconomics course. This result will be of use to instructors who teach microeconomics to finance students in that it demonstrates the value of utility maximization in…

  5. College Students Discount Money "Won" More than Money "Owed"

    Science.gov (United States)

    Weatherly, Jeffrey N.; Derenne, Adam; Terrell, Heather K.

    2010-01-01

    Evidence in the research literature indicates people may treat "won" money differently than they would their own money. The present study had a sample of 648 college students complete a delay-discounting task that involved the hypothetical monetary amounts of $1,000 or $100,000. Participants were asked repeatedly what amount they would…

  6. Tuition Discounting: The Impact of Institutionally Funded Financial Aid.

    Science.gov (United States)

    Hubbell, Loren Loomis

    This report presents a model and an approach that institutions of higher education can use to analyze and project the impact of endogenous and exogenous factors on both net and gross tuition in the context of the increasing practice of tuition discounting. It is noted that two key questions drive this effort: (1) what influence does gross tuition…

  7. Gender differences in delay-discounting under mild food restriction

    NARCIS (Netherlands)

    Koot, S.; van den Bos, R.; Adriani, W.; Laviola, G.

    2009-01-01

    Abstract: Impulsivity, a core symptomof attention-deficit hyperactivity disorder (ADHD), is tested in animal models by delay-discounting tasks. So far, mainly male subjects have been used in this paradigm at severe levels of food restriction. Here we studied the impulsive behaviour of CD-1 adult mal

  8. Children's Use of the Discounting Principle: A Perceptual Approach.

    Science.gov (United States)

    Kassin, Saul M.; And Others

    1980-01-01

    Subjects watched animated films depicting the simultaneous movements of two triangles toward a goal. One triangle was pushed by an external object while the other triangle was not. Initially, only college students understood the discounting principle. Kindergarten children, second graders, and fourth graders did not. Revision of the film produced…

  9. 7 CFR 17.6 - Discounts, fees, commissions and payments.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 1 2010-01-01 2010-01-01 false Discounts, fees, commissions and payments. 17.6 Section 17.6 Agriculture Office of the Secretary of Agriculture SALES OF AGRICULTURAL COMMODITIES MADE... commissions earned on U.S. and non-U.S.-flag bookings by all parties arranging vessel fixtures shall...

  10. Effects of delay and probability combinations on discounting in humans.

    Science.gov (United States)

    Cox, David J; Dallery, Jesse

    2016-10-01

    To determine discount rates, researchers typically adjust the amount of an immediate or certain option relative to a delayed or uncertain option. Because this adjusting amount method can be relatively time consuming, researchers have developed more efficient procedures. One such procedure is a 5-trial adjusting delay procedure, which measures the delay at which an amount of money loses half of its value (e.g., $1000 is valued at $500 with a 10-year delay to its receipt). Experiment 1 (n=212) used 5-trial adjusting delay or probability tasks to measure delay discounting of losses, probabilistic gains, and probabilistic losses. Experiment 2 (n=98) assessed combined probabilistic and delayed alternatives. In both experiments, we compared results from 5-trial adjusting delay or probability tasks to traditional adjusting amount procedures. Results suggest both procedures produced similar rates of probability and delay discounting in six out of seven comparisons. A magnitude effect consistent with previous research was observed for probabilistic gains and losses, but not for delayed losses. Results also suggest that delay and probability interact to determine the value of money. Five-trial methods may allow researchers to assess discounting more efficiently as well as study more complex choice scenarios. Copyright © 2016 Elsevier B.V. All rights reserved.

  11. College Students Discount Money "Won" More than Money "Owed"

    Science.gov (United States)

    Weatherly, Jeffrey N.; Derenne, Adam; Terrell, Heather K.

    2010-01-01

    Evidence in the research literature indicates people may treat "won" money differently than they would their own money. The present study had a sample of 648 college students complete a delay-discounting task that involved the hypothetical monetary amounts of $1,000 or $100,000. Participants were asked repeatedly what amount they would accept…

  12. Reviewing and piloting methods for decreasing discount rates; someone, somewhere in time.

    NARCIS (Netherlands)

    Parouty, Mehraj B Y; Krooshof, Daan G M; Westra, Tjalke A; Pechlivanoglou, Petros; Postma, Maarten J

    2013-01-01

    There has been substantial debate on the need for decreasing discounting for monetary and health gains in economic evaluations. Next to the discussion on differential discounting, a way to identify the need for such discounting strategies is through eliciting the time preferences for monetary and he

  13. Discounting in the evaluation of the cost-effectiveness of a vaccination programme: A critical review.

    Science.gov (United States)

    Jit, Mark; Mibei, Walter

    2015-07-31

    Discounting future costs and health benefits usually has a large effect on results of cost-effectiveness evaluations of vaccination because of delays between the initial expenditure in the programme and the health benefits from averting disease. Most guidelines currently recommend discounting both costs and health effects at a positive, constant, common rate back to a common point in time. A review of 84 published economic evaluations of vaccines found that most of them apply these recommendations. However, both technical and normative arguments have been presented for discounting health at a different rate to consumption (differential discounting), discounting at a rate that changes over time (non-constant discounting), discounting intra-generational and inter-generational effects at a different rate (two-stage discounting), and discounting the health gains from an intervention to a different discount year from the time of intervention (delayed discounting). These considerations are particularly acute for vaccines, because their effects can occur in a different generation from the one paying for them, and because the time of vaccination, of infection aversion, and of disease aversion usually differ. Using differential, two-stage or delayed discounting in model-based cost-effectiveness evaluations of vaccination raises technical challenges, but mechanisms have been proposed to overcome them.

  14. Manufacturing cost analysis of a parabolic dish concentrator (General Electric design) for solar thermal electric power systems in selected production volumes

    Science.gov (United States)

    1981-01-01

    The manufacturing cost of a General Electric 12 meter diameter concentrator was estimated. This parabolic dish concentrator for solar thermal system was costed in annual production volumes of 100 - 1,000 - 5,000 - 10,000 - 50,000 100,000 - 400,000 and 1,000,000 units. Presented for each volume are the costs of direct labor, material, burden, tooling, capital equipment and buildings. Also presented is the direct labor personnel and factory space requirements. All costs are based on early 1981 economics.

  15. Final proceedings of the second solar heating and cooling commercial demonstration program contractors' review. Volume 1. Summary and analysis

    Energy Technology Data Exchange (ETDEWEB)

    1979-07-01

    The Second Solar Heating and Cooling Commercial Demonstration Program Contractors' Review was attended by over 300 representatives from demonstration projects, the Department of Energy (DOE), other Federal agencies, and Government contractors. This volume presents a thorough study of the 140 project papers printed in the three-volume proceedings. A comprehensive table describing the 140 sites is included. This table presents a description of the sites not only in terms of equipment and performance, but also those regarding their problems, successes, and other experiences. The panel discussions on demonstration projects, the National Solar Data Program and the Commercial Demonstration Program are summarized and analyzed. The results of a special survey of Commercial Demonstration Program contractors are presented. Finally, the results of a polling of Review participants on the effectiveness of the meeting are detailed. (WHK)

  16. Does 'better' discounting lead to 'worse' outcomes in long-run decisions? The dilemma of hyperbolic discounting

    Energy Technology Data Exchange (ETDEWEB)

    Winkler, Ralph [School of Politics, International Relations and the Environment, Keele University, Keele, Staffordshire, ST5 5BG (United Kingdom)

    2006-06-01

    The shortcomings of conventional discounting, especially in the context of long-run environmental problems, have been extensively discussed in the literature. Recently, hyperbolic discounting, i. e. discounting at declining instead of constant discount rates, has attracted a lot of interest among both scientists and politicians. Although there are compelling arguments for employing hyperbolic discounting, there are also pitfalls, which have to be pointed out. In this paper I show that the problem of time-inconsistency, an inherent characteristics of hyperbolic discounting, leads to a potential clash between economic efficiency and intergenerational equity. As an example, I refer to the weak progress in the controlling of greenhouse gas emissions under the Kyoto protocol. As the problem of time-inconsistency cannot be solved on economic grounds alone, there is a need for an intergenerational moral commitment. (author)

  17. Line-focus solar central power system, Phase I. Final report, 29 September 1978 to 30 April 1980. Volume III. Appendices

    Energy Technology Data Exchange (ETDEWEB)

    Slemmons, A J

    1980-04-01

    The conceptual design, parametric analysis, cost and performance analysis, and commercial assessment of a 100-MWe line-focus solar central receiver power plant are reported. This volume contains the appendices: (a) methods of determination of molten salt heat-transfer coefficients and tube-wall temperatures, (b) inputs for STEAEC programs, (c) description of system analysis computer program, (d) receiver analysis program, and (e) heliostat production plan and design methodology. (WHK)

  18. Solar Central Receiver Hybrid Power Systems sodium-cooled receiver concept. Final report. Volume II, Book 1. Conceptual design, Sections 1 through 4

    Energy Technology Data Exchange (ETDEWEB)

    None

    1980-01-01

    The overall, long-term objective of the Solar Central Receiver Hybrid Power System program is to identify, characterize, and ultimately demonstrate the viability and cost effectiveness of solar/fossil, steam Rankine cycle, hybrid power systems that: (1) consist of a combined solar central receiver energy source and a nonsolar energy source at a single, common site, (2) may operate in the base, intermediate, and peaking capacity modes, (3) produce the rated output independent of variations in solar insolation, (4) provide a significant savings (50% or more) in fuel consumption, and (5) produce power at the minimum possible cost in mills/kWh. It is essential that these hybrid concepts be technically feasible and economically competitive with other systems in the near to mid-term time period (1985-1990) on a commercial scale. The program objective for Phase I is to identify and conceptually characterize solar/fossil steam Rankine cycle, commercial-scale, power plant systems that are economically viable and technically feasible. This volume presents in detail the market analysis, parametric analysis, and the selection process for the preferred system. (WHK)

  19. Application analysis of solar total energy systems to the residential sector. Volume III, conceptual design. Final report

    Energy Technology Data Exchange (ETDEWEB)

    1979-07-01

    The objective of the work described in this volume was to conceptualize suitable designs for solar total energy systems for the following residential market segments: single-family detached homes, single-family attached units (townhouses), low-rise apartments, and high-rise apartments. Conceptual designs for the total energy systems are based on parabolic trough collectors in conjunction with a 100 kWe organic Rankine cycle heat engine or a flat-plate, water-cooled photovoltaic array. The ORC-based systems are designed to operate as either independent (stand alone) systems that burn fossil fuel for backup electricity or as systems that purchase electricity from a utility grid for electrical backup. The ORC designs are classified as (1) a high temperature system designed to operate at 600/sup 0/F and (2) a low temperature system designed to operate at 300/sup 0/F. The 600/sup 0/F ORC system that purchases grid electricity as backup utilizes the thermal tracking principle and the 300/sup 0/F ORC system tracks the combined thermal and electrical loads. Reject heat from the condenser supplies thermal energy for heating and cooling. All of the ORC systems utilize fossil fuel boilers to supply backup thermal energy to both the primary (electrical generating) cycle and the secondary (thermal) cycle. Space heating is supplied by a central hot water (hydronic) system and a central absorption chiller supplies the space cooling loads. A central hot water system supplies domestic hot water. The photovoltaic system uses a central electrical vapor compression air conditioning system for space cooling, with space heating and domestic hot water provided by reject heat from the water-cooled array. All of the systems incorporate low temperature thermal storage (based on water as the storage medium) and lead--acid battery storage for electricity; in addition, the 600/sup 0/F ORC system uses a therminol-rock high temperature storage for the primary cycle. (WHK)

  20. Exchanging the liquidity hypothesis: Delay discounting of money and self-relevant non-money rewards.

    Science.gov (United States)

    Stuppy-Sullivan, Allison M; Tormohlen, Kayla N; Yi, Richard

    2016-01-01

    Evidence that primary rewards (e.g., food and drugs of abuse) are discounted more than money is frequently attributed to money's high degree of liquidity, or exchangeability for many commodities. The present study provides some evidence against this liquidity hypothesis by contrasting delay discounting of monetary rewards (liquid) and non-monetary commodities (non-liquid) that are self-relevant and utility-matched. Ninety-seven (97) undergraduate students initially completed a conventional binary-choice delay discounting of money task. Participants returned one week later and completed a self-relevant commodity delay discounting task. Both conventional hypothesis testing and more-conservative tests of statistical equivalence revealed correspondence in rate of delay discounting of money and self-relevant commodities, and in one magnitude condition, less discounting for the latter. The present results indicate that liquidity of money cannot fully account for the lower rate of delay discounting compared to non-money rewards.

  1. Humans can adopt optimal discounting strategy under real-time constraints.

    Directory of Open Access Journals (Sweden)

    N Schweighofer

    2006-11-01

    Full Text Available Critical to our many daily choices between larger delayed rewards, and smaller more immediate rewards, are the shape and the steepness of the function that discounts rewards with time. Although research in artificial intelligence favors exponential discounting in uncertain environments, studies with humans and animals have consistently shown hyperbolic discounting. We investigated how humans perform in a reward decision task with temporal constraints, in which each choice affects the time remaining for later trials, and in which the delays vary at each trial. We demonstrated that most of our subjects adopted exponential discounting in this experiment. Further, we confirmed analytically that exponential discounting, with a decay rate comparable to that used by our subjects, maximized the total reward gain in our task. Our results suggest that the particular shape and steepness of temporal discounting is determined by the task that the subject is facing, and question the notion of hyperbolic reward discounting as a universal principle.

  2. Phase 1 of the First Solar Small Power System Experiment (experimental System No. 1). Volume 2: Appendix A - D

    Science.gov (United States)

    Clark, T. B. (Editor)

    1979-01-01

    Recommended conceptual designs for the baseline solar concentrator and electrical subsystems are defined, and trade offs that were evaluated to arrive at the baseline systems are presented. In addition, the developmental history of the Stirling engine is reviewed, the U4 configuration is described, and a Stirling engine heat pipe system is evaluated for solar application where sodium vapor is used as the heat source. An organic Rankine cycle engine is also evaluated for solar small power system application.

  3. Solar energy conversion systems engineering and economic analysis radiative energy input/thermal electric output computation. Volume III

    Energy Technology Data Exchange (ETDEWEB)

    Russo, G.

    1982-09-01

    The direct energy flux analytical model, an analysis of the results, and a brief description of a non-steady state model of a thermal solar energy conversion system implemented on a code, SIRR2, as well as the coupling of CIRR2 which computes global solar flux on a collector and SIRR2 are presented. It is shown how the CIRR2 and, mainly, the SIRR2 codes may be used for a proper design of a solar collector system. (LEW)

  4. Genetic algorithm for network cost minimization using threshold based discounting

    Directory of Open Access Journals (Sweden)

    Hrvoje Podnar

    2003-01-01

    Full Text Available We present a genetic algorithm for heuristically solving a cost minimization problem applied to communication networks with threshold based discounting. The network model assumes that every two nodes can communicate and offers incentives to combine flow from different sources. Namely, there is a prescribed threshold on every link, and if the total flow on a link is greater than the threshold, the cost of this flow is discounted by a factor α. A heuristic algorithm based on genetic strategy is developed and applied to a benchmark set of problems. The results are compared with former branch and bound results using the CPLEX® solver. For larger data instances we were able to obtain improved solutions using less CPU time, confirming the effectiveness of our heuristic approach.

  5. Production inventory policy under a discounted cash flow

    Directory of Open Access Journals (Sweden)

    Su Chao-Ton

    2005-01-01

    Full Text Available This paper presents an extended production inventory model in which the production rate at any instant depends on the demand and the inventory level. The effects of the time value of money are incorporated into the model. The demand rate is a linear function of time for the scheduling period. The proposed model can assist managers in economically controlling production systems under the condition of considering a discounted cash flow. A simple algorithm computing the optimal production-scheduling period is developed. Several particular cases of the model are briefly discussed. Through numerical example, sensitive analyses are carried out to examine the effect of the parameters. Results show that the discount rate parameter and the inventory holding cost have a significant impact on the proposed model.

  6. The Discount Rate for Defense Decisionmaking: Some New Considerations,

    Science.gov (United States)

    1978-11-01

    Bradford, "Constraints on Government Investment Opportunities and the Choice of the Discount Rate," American Economic Review , Vol. 65, December 1975...Lind, "Uncertainty and the Evaluation of Public Investment Decisions," American Economic Review , Vol. 60, June 1970, pp. 364-378. Arrow, K. .., and...Robert C. Lind, "Uncertainty and the Evaluation of Public Investment Decisions: Reply," American Economic Review , Vol. 62, March 1972, pp. 171-172

  7. Credibility Discounting in the Theory of Approximate Reasoning

    OpenAIRE

    Yager, Ronald R.

    2013-01-01

    We are concerned with the problem of introducing credibility type information into reasoning systems. The concept of credibility allows us to discount information provided by agents. An important characteristic of this kind of procedure is that a complete lack of credibility rather than resulting in the negation of the information provided results in the nullification of the information provided. We suggest a representational scheme for credibility qualification in the theory of approximate r...

  8. some notes on discount factor restrictions for dynamic optimization problems

    OpenAIRE

    Gerhard Sorger

    2008-01-01

    We consider dynamic optimization problems on one-dimensional state spaces. Un- der standard smoothness and convexity assumptions, the optimal solutions are characterized by an optimal policy function h mapping the state space into itself. There exists an extensive literature on the relation between the size of the discount factor of the dynamic optimization problem on the one hand and the properties of the dynamical system xt+1 = h(xt) on the other hand. The purpose of this paper is to survey...

  9. Three residual income valuation methods and discounted cash flow valuation

    OpenAIRE

    Fernandez, Pablo

    2003-01-01

    In this paper we show that the three residual Income models for equity valuation always yield the same value as the Discounted Cash Flow Valuation models. We use three residual income measures: Economic Profit, Economic Value Added (EVA) and Cash Value Added. We also show that economic profit and EVA are different, although Copeland, Koller and Murrin (2000, page 55) say that economic profit is a synonym of EVA. Specifically, we first show that the present value of the Economic Profit discoun...

  10. Positive temporal dependence of the biological clock implies hyperbolic discounting

    Directory of Open Access Journals (Sweden)

    Debajyoti eRay

    2011-01-01

    Full Text Available Temporal preferences of animals and humans often exhibit inconsistencies, whereby an earlier, smaller reward may be preferred when it occurs immediately but not when it is delayed. Such choices reflect hyperbolic discounting of future rewards, rather than the exponential discounting required for temporal consistency. Simultaneously, however, evidence has emerged that suggests that animals and humans have an internal representation of time that often differs from the calendar time used in detection of temporal inconsistencies. Here, we prove that temporal inconsistencies emerge if fixed durations in calendar time are experienced as positively related (positive quadrant dependent. Hence, what are time-consistent choices within the time framework of the decision maker appear as time-inconsistent to an outsider who analyzes choices in calendar time. As the biological clock becomes more variable, the fit of the hyperbolic discounting model improves. A recent alternative explanation for temporal choice inconsistencies builds on persistent under-estimation of the length of distant time intervals. By increasing the expected speed of our stochastic biological clock for time farther into the future, we can emulate this explanation. Ours is therefore an encompassing theoretical framework that predicts context-dependent degrees of intertemporal choice inconsistencies, to the extent that context can generate changes in autocorrelation, variability, and expected speed of the biological clock. Our finding should lead to novel experiments that will clarify the role of time perception in impulsivity, with critical implications for, among others, our understanding of aging, drug abuse and pathological gambling.

  11. Hoarders Only Discount Consumables and Are More Patient for Money.

    Science.gov (United States)

    Vickers, Brian D; Preston, Stephanie D; Gonzalez, Richard; Angott, Andrea M

    2016-01-01

    Individuals with hoarding disorder (HD) excessively acquire and retain goods while also exhibiting characteristics of impulsivity and addiction. However, HD individuals do not always perform impulsively in experiments, they do not appear interested in money, and they exhibit many features of risk-aversion and future-planning. To examine impulsivity in HD, we compared validated community participants high and low in hoarding tendencies on questionnaire measures of hoarding and impulsivity as well as a standard experimental measure of impulsivity (intertemporal discounting) that was modified to compare decisions about money, pens, and snacks. Common discounting effects were replicated. Compared to the low hoarding group, the high hoarding group was more impatient for consumables (pens and snacks) but they were more patient for money. This increased patience for money in high hoarding individuals is in contrast to all other studies on discounting in disordered populations, but consistent with the phenomenology of HD. HD does not appear to be driven by a fundamental inability to wait, but rather a specific, potent desire for consumable rewards.

  12. Workshop proceedings: Photovoltaic conversion of solar energy for terrestrial applications. Volume 1: Working group and panel reports

    Science.gov (United States)

    1973-01-01

    Technological aspects of solar energy conversion by photovoltaic cells are considered. The advantage of the single crystal silicon solar cell approach is developed through comparisons with polycrystalline silicon, cadmium sulfide/copper sulfide thin film cells, and other materials and devices.

  13. Steeper delay and probability discounting of potentially real versus hypothetical cigarettes (but not money) among smokers.

    Science.gov (United States)

    Green, Ryan M; Lawyer, Steven R

    2014-10-01

    There is a strong relationship between drug use and the tendency to discount the value of outcomes as a function of their delay and probability. Most discounting researchers use hypothetical monetary outcomes to establish discounting patterns among human subjects, who tend to discount the value of hypothetical money and real money similarily. However, no research to date has examined whether hypothetical non-monetary outcomes are discounted similarly to real non-monetary outcomes. In this study, smokers were assigned randomly to complete delay and probability discounting tasks for money and cigarettes that were either potentially real (n=33) or hypothetical (n=31). Consistent with previous research, smokers discounted the value of hypothetical and potentially real money similarly. However, smokers evidenced steeper rates of discounting for potentially real cigarettes in both delay and probability discounting. These findings suggest domain-specific discounting patterns in which potentially real and hypothetical outcomes may be synonymous in the context of monetary outcomes, but not in the context of non-monetary outcomes. Copyright © 2014 Elsevier B.V. All rights reserved.

  14. Unique prediction of cannabis use severity and behaviors by delay discounting and behavioral economic demand.

    Science.gov (United States)

    Strickland, Justin C; Lile, Joshua A; Stoops, William W

    2017-07-01

    Few studies have simultaneously evaluated delay discounting and behavioral economic demand to determine their unique contribution to drug use. A recent study in cannabis users found that monetary delay discounting uniquely predicted cannabis dependence symptoms, whereas cannabis demand uniquely predicted use frequency. This study sought to replicate and extend this research by evaluating delay discounting and behavioral economic demand measures for multiple commodities and including a use quantity measure. Amazon.com's Mechanical Turk was used to sample individuals reporting recent cannabis use (n=64) and controls (n=72). Participants completed measures of monetary delay discounting as well as alcohol and cannabis delay discounting and demand. Cannabis users and controls did not differ on monetary delay discounting or alcohol delay discounting and demand. Among cannabis users, regression analyses indicated that cannabis delay discounting uniquely predicted use severity, whereas cannabis demand uniquely predicted use frequency and quantity. These effects remained significant after controlling for other delay discounting and demand measures. This research replicates previous outcomes relating delay discounting and demand with cannabis use and extends them by accounting for the contribution of multiple commodities. This research also demonstrates the ability of online crowdsourcing methods to complement traditional human laboratory techniques. Copyright © 2017 Elsevier B.V. All rights reserved.

  15. Spatial discounting of food and social rewards in guppies (Poecilia reticulata

    Directory of Open Access Journals (Sweden)

    Nelly eMühlhoff

    2011-04-01

    Full Text Available In temporal discounting, animals trade off the time to obtain a reward against the quality of a reward, choosing between a smaller reward available sooner versus a larger reward available later. Similar discounting can apply over space, when animals choose between smaller and closer versus larger and more distant rewards. Most studies of temporal and spatial discounting in nonhuman animals use food as the reward, and it is not established whether animals trade off other preferred stimuli in similar ways. Here, we offered female guppies (Poecilia reticulata a spatial discounting task in which we measured preferences for a larger reward as the distance to it increased relative to a closer but smaller reward. We tested whether the fish discounted reward types differently by offering subjects either food items or same-sex conspecifics as rewards. Before beginning the discounting tasks, we conducted validation tests to ensure that subjects equally valued the food and social stimuli in the quantities provided. In the discounting task, subjects switched their preferences from the larger to the smaller reward as the distance to the larger reward increased (spatial discounting, but the pattern and magnitude of discounting did not differ across the two reward types. These findings indicate that guppies show similar patterns of discounting food and social rewards in a spatial task. In an analysis of travel times, however, the fish swam faster to food rewards than to shoaling partners. This difference in travel times implies that fish temporally discounted social rewards less steeply than food rewards. Thus, reward type influences temporal discounting, suggesting a dissociation between temporal and spatial discounting. Our results illustrate how animals adjust choices and travel times depending on both the type of cost (time, distance and benefits (food, social partners.

  16. Comparative ranking of 0. 1-10 MW/sub e/ solar thermal electric power systems. Volume II. Supporting data. Final report

    Energy Technology Data Exchange (ETDEWEB)

    Thornton, J.P.; Brown, K.C.; Finegold, J.G.; Gresham, J.B.; Herlevich, F.A.; Kriz, T.A.

    1980-07-01

    This report is part of a two-volume set summarizing the results of a comparative ranking of generic solar thermal concepts designed specifically for electric power generation. The original objective of the study was to project the mid-1990 cost and performance of selected generic solar thermal electric power systems for utility applications and to rank these systems by criteria that reflect their future commercial acceptance. This study considered plants with rated capacities of 1-10 MW/sub e/, operating over a range of capacity factors from the no-storage case to 0.7 and above. Later, the study was extended to include systems with capacities from 0.1 to 1 MW/sub e/, a range that is attractive to industrial and other nonutility applications. Volume I summarizes the results for the full range of capacities from 0.1 to 1.0 MW/sub e/. Volume II presents data on the performance and cost and ranking methodology.

  17. High-Volume Production of Lightweight, Multi-Junction Solar Cells Using 6-inch GaAs Project

    Data.gov (United States)

    National Aeronautics and Space Administration — In the proposed Phase II program, we will transition MicroLink's 6-inch epitaxial lift-off (ELO) solar cell fabrication process into a manufacturing platform capable...

  18. Preliminary design of the Carrisa Plains solar central receiver power plant. Volume III, Book 2. Design drawings

    Energy Technology Data Exchange (ETDEWEB)

    1983-12-31

    The design of the 30 MWe central receiver solar power plant to be located at Carrisa Plains, San Luis Obispo County, California, is summarized. The plant uses a vertical flat-panel (billboard) solar receiver located at the top of a tower to collect solar energy redirected by approximately 1900 heliostats located to the north of the tower. The solar energy is used to heat liquid sodium pumped from ground level from 610 to 1050/sup 0/F. The power conversion system is a non-reheat system, cost-effective at this size level, and designed for high-efficiency performance in an application requiring daily startup. Successful completion of this project will lead to power generation starting in 1986. This report consists of design drawings for this plant.

  19. Fort Hood Solar Total Energy Project. Volume II. Preliminary design. Part 2. System performance and supporting studies. Final report

    Energy Technology Data Exchange (ETDEWEB)

    None,

    1979-01-01

    The preliminary design developed for the Solar Total Energy System to be installed at Fort Hood, Texas, is presented. System performance analysis and evaluation are described. Feedback of completed performance analyses on current system design and operating philosophy is discussed. The basic computer simulation techniques and assumptions are described and the resulting energy displacement analysis is presented. Supporting technical studies are presented. These include health and safety and reliability assessments; solar collector component evaluation; weather analysis; and a review of selected trade studies which address significant design alternatives. Additional supporting studies which are generally specific to the installation site are reported. These include solar availability analysis; energy load measurements; environmental impact assessment; life cycle cost and economic analysis; heat transfer fluid testing; meteorological/solar station planning; and information dissemination. (WHK)

  20. THE LEVELS OF VALUE IN BUSINESS VALUATION. THE DISCOUNT FOR LACK OF MARKETABILITY

    Directory of Open Access Journals (Sweden)

    Szatmary Miclea Camelia

    2012-12-01

    Full Text Available This paper approaches the subject of levels of value used in business valuation and adjustments (discounts and prime that enable professional business valuers to relate these in order to determine the value of a business or ownerships interests in a business. Marketability and control over business decision have a profound impact on the value of an ownership interest. Valuators, regularly, reduce the value of an investment interest if it lacks a ready market. In this paper, I highlight the difference between the marketability and liquidity and, the differences between the the discount for lack of marketability and discount for lack of control. A discount for lack of marketability is closely associated with, but, conceptually, distinct from, the discount for lack of control. I present the characteristics of discount for lack of marketability and the rational of applying it in valuation of minority and majority interest.

  1. Solar High-energy Astrophysical Plasmas Explorer (SHAPE). Volume 1: Proposed concept, statement of work and cost plan

    Science.gov (United States)

    Dennis, Brian R.; Martin, Franklin D.; Prince, T.; Lin, R.; Bruner, M.; Culhane, L.; Ramaty, R.; Doschek, G.; Emslie, G.; Lingenfelter, R.

    1986-01-01

    The concept of the Solar High-Energy Astrophysical Plasmas Explorer (SHAPE) is studied. The primary goal is to understand the impulsive release of energy, efficient acceleration of particles to high energies, and rapid transport of energy. Solar flare studies are the centerpieces of the investigation because in flares these high energy processes can be studied in unmatched detail at most wavelenth regions of the electromagnetic spectrum as well as in energetic charged particles and neutrons.

  2. Conceptual design of the Truscott brine lake solar-pond system, volume 1: Utility-independent scenario

    Science.gov (United States)

    1981-06-01

    A conceptual design was performed for a series of solar pond systems to provide pumping power for chloride control in the Red River Basin. In the chloride control project, briny waters are diverted so as not to pollute portable water. The diverted brine is stored in a dammed natural basin where, with the aid of natural evaporation, the brine is concentrated to the salinities required for the solar ponds. The brine is transferred to the ponds and injected at the proper levels to establish the gradients and storage layers. The solar ponds are to be located within the Truscott, Texas brine impoundment lake. Heat will be extracted from the ponds and used to drive organic Rankine-cycle turbine generators. The electricity produced will serve the pumping needs of the chloride control project, pump brine from the natural source to the evaporation ponds, pump concentrated brine from the evaporation ponds to the solar ponds, maintain the solar ponds, and supply all system parasitic loads. It was found that five solar ponds with eight organic Rankine-cycle turbine-generators would serve both the average and peaking power requirements of the pumping stations in the Truscott area as they come on-line.

  3. Regional applicability and potential of salt-gradient solar ponds in the United States. Volume 2: Detailed report

    Science.gov (United States)

    Lin, E. I. H.

    1982-01-01

    A comprehensive assessment of the regional applicability and potential of salt-gradient solar ponds in the United States is provided. The assessment is focused on the general characteristics of twelve defined geographic regions. Natural resources essential to solar ponds are surveyed. Meteorological and hydrogeological conditions affecting pond performance are examined. Potentially favorable pond sites are identified. Regional thermal and electrical energy output from solar ponds is calculated. Selected pond design cases are studied. Five major potential market sectors are evaluated in terms of technical and energy-consumption characteristics, and solar-pond applicability and potential. Relevant pond system data and financial factors are analyzed. Solar-pond energy costs are compared with conventional energy costs. The assessment concludes that, excepting Alaska, ponds are applicable in all regions for at least two market sectors. Total solar pond energy supply potential in the five market sectors examined is estimated to be 8.94 quads/yr by the year 2000, approximately 7.2% of the projected total national energy demand.

  4. To Groupon or Not to Groupon: The Profitability of Deep Discounts

    OpenAIRE

    Benjamin Edelman; Sonia Jaffe; Scott Duke Kominers

    2010-01-01

    We examine the profitability and implications of online discount vouchers, a relatively new marketing tool that offers consumers large discounts when they prepay for participating firms' goods and services. Within a model of repeat experience good purchase, we examine two mechanisms by which a discount voucher service can benefit affiliated firms: price discrimination and advertising. For vouchers to provide successful price discrimination, the valuations of consumers who have access to vouch...

  5. Delay discounting of food by rhesus monkeys: Cocaine and food choice in isomorphic and allomorphic situations.

    Science.gov (United States)

    Huskinson, Sally L; Woolverton, William L; Green, Leonard; Myerson, Joel; Freeman, Kevin B

    2015-06-01

    Research on delay discounting has focused largely on nondrug reinforcers in an isomorphic context in which choice is between alternatives that involve the same type of reinforcer. Less often, delay discounting has been studied with drug reinforcers in a more ecologically valid allomorphic context where choice is between alternatives involving different types of reinforcers. The present experiment is the first to examine discounting of drug and nondrug reinforcers in both isomorphic and allomorphic situations using a theoretical model (i.e., the hyperbolic discounting function) that allows for comparisons of discounting rates between reinforcer types and amounts. The goal of the current experiment was to examine discounting of a delayed, nondrug reinforcer (food) by male rhesus monkeys when the immediate alternative was either food (isomorphic situation) or cocaine (allomorphic situation). In addition, we sought to determine whether there was a magnitude effect with delayed food in the allomorphic situation. Choice of immediate food and immediate cocaine increased with amount and dose, respectively. Choice functions for immediate food and cocaine generally shifted leftward as delay increased. Compared to isomorphic situations in which food was the immediate alternative, delayed food was discounted more steeply in allomorphic situations where cocaine was the immediate alternative. Notably, discounting was not affected by the magnitude of the delayed reinforcer. These data indicate that how steeply a delayed nondrug reinforcer is discounted may depend more on the qualitative characteristics of the immediate reinforcer and less on the magnitude of the delayed one. (c) 2015 APA, all rights reserved).

  6. Does temporal discounting explain unhealthy behavior? A systematic review and reinforcement learning perspective

    Science.gov (United States)

    Story, Giles W.; Vlaev, Ivo; Seymour, Ben; Darzi, Ara; Dolan, Raymond J.

    2014-01-01

    The tendency to make unhealthy choices is hypothesized to be related to an individual's temporal discount rate, the theoretical rate at which they devalue delayed rewards. Furthermore, a particular form of temporal discounting, hyperbolic discounting, has been proposed to explain why unhealthy behavior can occur despite healthy intentions. We examine these two hypotheses in turn. We first systematically review studies which investigate whether discount rates can predict unhealthy behavior. These studies reveal that high discount rates for money (and in some instances food or drug rewards) are associated with several unhealthy behaviors and markers of health status, establishing discounting as a promising predictive measure. We secondly examine whether intention-incongruent unhealthy actions are consistent with hyperbolic discounting. We conclude that intention-incongruent actions are often triggered by environmental cues or changes in motivational state, whose effects are not parameterized by hyperbolic discounting. We propose a framework for understanding these state-based effects in terms of the interplay of two distinct reinforcement learning mechanisms: a “model-based” (or goal-directed) system and a “model-free” (or habitual) system. Under this framework, while discounting of delayed health may contribute to the initiation of unhealthy behavior, with repetition, many unhealthy behaviors become habitual; if health goals then change, habitual behavior can still arise in response to environmental cues. We propose that the burgeoning development of computational models of these processes will permit further identification of health decision-making phenotypes. PMID:24659960

  7. OPPORTUNITY COSTS OF REWARD DELAYS AND THE DISCOUNTING OF HYPOTHETICAL MONEY AND CIGARETTES

    Science.gov (United States)

    Johnson, Patrick S.; Herrmann, Evan S.; Johnson, Matthew W.

    2015-01-01

    Humans are reported to discount delayed rewards at lower rates than nonhumans. However, nonhumans are studied in tasks that restrict reinforcement during delays, whereas humans are typically studied in tasks that do not restrict reinforcement during delays. In nonhuman tasks, the opportunity cost of restricted reinforcement during delays may increase delay discounting rates. The present within-subjects study used online crowdsourcing (Amazon Mechanical Turk, or MTurk) to assess the discounting of hypothetical delayed money (and cigarettes in smokers) under four hypothetical framing conditions differing in the availability of reinforcement during delays. At one extreme, participants were free to leave their computer without returning, and engage in any behavior during reward delays (modeling typical human tasks). At the opposite extreme, participants were required to stay at their computer and engage in little other behavior during reward delays (modeling typical nonhuman tasks). Discounting rates increased as an orderly function of opportunity cost. Results also indicated predominantly hyperbolic discounting, the “magnitude effect,” steeper discounting of cigarettes than money, and positive correlations between discounting rates of these commodities. This is the first study to test the effects of opportunity costs on discounting, and suggests that procedural differences may partially account for observed species differences in discounting. PMID:25388973

  8. Characterization of solar cells for space applications. Volume 11: Electrical characteristics of 2 ohm-cm, 228 micron wraparound solar cells as a function of intensity, temperature, and irradiation. [for solar electric propulsion

    Science.gov (United States)

    Anspaugh, B. E.; Beckert, D. M.; Downing, R. G.; Weiss, R. S.

    1980-01-01

    Parametric characterization data on Spectrolab 2 by 4 cm, 2 ohm/cm, 228 micron thick wraparound cell, a candidate for the Solar Electric Propulsion Mission, are presented. These data consist of the electrical characteristics of the solar cell under a wide range of temperature and illumination intensity combinations of the type encountered in space applications.

  9. Personality influences temporal discounting preferences: behavioral and brain evidence.

    Science.gov (United States)

    Manning, Joshua; Hedden, Trey; Wickens, Nina; Whitfield-Gabrieli, Susan; Prelec, Drazen; Gabrieli, John D E

    2014-09-01

    Personality traits are stable predictors of many life outcomes that are associated with important decisions that involve tradeoffs over time. Therefore, a fundamental question is how tradeoffs over time vary from person to person in relation to stable personality traits. We investigated the influence of personality, as measured by the Five-Factor Model, on time preferences and on neural activity engaged by intertemporal choice. During functional magnetic resonance imaging (fMRI), participants made choices between smaller-sooner and larger-later monetary rewards. For each participant, we estimated a constant-sensitivity discount function that dissociates impatience (devaluation of future consequences) from time sensitivity (consistency with rational, exponential discounting). Overall, higher neuroticism was associated with a relatively greater preference for immediate rewards and higher conscientiousness with a relatively greater preference for delayed rewards. Specifically, higher conscientiousness correlated positively with lower short-term impatience and more exponential time preferences, whereas higher neuroticism (lower emotional stability) correlated positively with higher short-term impatience and less exponential time preferences. Cognitive-control and reward brain regions were more activated when higher conscientiousness participants selected a smaller-sooner reward and, conversely, when higher neuroticism participants selected a larger-later reward. The greater activations that occurred when choosing rewards that contradicted personality predispositions may reflect the greater recruitment of mental resources needed to override those predispositions. These findings reveal that stable personality traits fundamentally influence how rewards are chosen over time. Copyright © 2014 Elsevier Inc. All rights reserved.

  10. Commercial Discount Rate Estimation for Efficiency Standards Analysis

    Energy Technology Data Exchange (ETDEWEB)

    Fujita, K. Sydny [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)

    2016-04-13

    Underlying each of the Department of Energy's (DOE's) federal appliance and equipment standards are a set of complex analyses of the projected costs and benefits of regulation. Any new or amended standard must be designed to achieve significant additional energy conservation, provided that it is technologically feasible and economically justified (42 U.S.C. 6295(o)(2)(A)). A proposed standard is considered economically justified when its benefits exceed its burdens, as represented by the projected net present value of costs and benefits. DOE performs multiple analyses to evaluate the balance of costs and benefits of commercial appliance and equipment e efficiency standards, at the national and individual building or business level, each framed to capture different nuances of the complex impact of standards on the commercial end user population. The Life-Cycle Cost (LCC) analysis models the combined impact of appliance first cost and operating cost changes on a representative commercial building sample in order to identify the fraction of customers achieving LCC savings or incurring net cost at the considered efficiency levels.1 Thus, the choice of commercial discount rate value(s) used to calculate the present value of energy cost savings within the Life-Cycle Cost model implicitly plays a key role in estimating the economic impact of potential standard levels.2 This report is intended to provide a more in-depth discussion of the commercial discount rate estimation process than can be readily included in standard rulemaking Technical Support Documents (TSDs).

  11. Age and educational track influence adolescent discounting of delayed rewards

    Directory of Open Access Journals (Sweden)

    Nikki Christina Lee

    2013-12-01

    Full Text Available This study examined age-related changes in a specific aspect of adolescent decision-making, namely the preference for future versus immediate outcomes. A sample of 622 Dutch adolescents aged 12 -17 years completed a temporal discounting task. Participants were asked to choose between a delayed reward of €50 or an immediate reward of lower value. The delay interval was varied in three blocks (1 week, 1 month, 6 months. Results showed that preferences for large delayed rewards over smaller immediate rewards increased with age: late adolescents made more long-term decisions than early adolescents. This change was related to educational track. In the lower educational track, an age-related decrease in discounting was found for all three delay intervals. In the higher educational track this decrease only occurred for the six month delay interval. However, across all delay intervals enrolment in a higher level educational track was associated with an increased preference for long-term rewards. These results suggest that late adolescents are less susceptible to the competing presence of an immediate reward when making long-term decisions, a skill which becomes increasingly important as they transition into adulthood.

  12. Preliminary design of the Carrisa Plains solar central receiver power plant. Volume III, Book 1. Design description

    Energy Technology Data Exchange (ETDEWEB)

    1983-12-31

    The design of the 30 MWe central receiver solar power plant to be located at Carrisa Plains, San Luis Obispo County, California, is summarized. The plant uses a vertical flat-panel (billboard solar receiver located at the top of a tower to collect solar energy redirected by approximately 1900 heliostats located to the north of the tower. The solar energy is used to heat liquid sodium pumped from ground level from 610 to 1050/sup 0/F. The power conversion system is a non-reheat system, cost-effective at this size level, and designed for high-efficiency performance in an application requiring daily startup. Successful completion of this project will lead to power generation starting in 1986. This report discusses in detail the design of the collector system, heat transport system, thermal storage subsystem, heat transport loop, steam generation subsystem, electrical, instrumentation, and control systems, power conversion system, master control system, and balance of plant. The performance, facility cost estimate and economic analysis, and development plan are also discussed.

  13. Design Calculation Procedure for Passive Solar Houses at Navy Installations in Regions with Cold Climate. Volume I.

    Science.gov (United States)

    1981-10-01

    media store sensible heat by undergoing an increase in temperature. Phase-change materials, on the other hand, make use of latent heat of fusion to store... MIllon Btu 89 WORKSHEET C T CALCULATION OF SOLAR HEATNG CONTRIBUTION Mechanism: TroA6e. vAme, Wt(o.aol(olqo)(O.7O) 4 Net Effective Collector Area

  14. Device Architecture Simplification of Laser Pattering in High-Volume Crystalline Silicon Solar Cell Fabrication using Intensive Computation for Design and Optimization

    Energy Technology Data Exchange (ETDEWEB)

    Grupp Mueller, Guenther [SolarWorld Industries America, Hillsboro, OR (United States); Herfurth, Hans [Fraunhofer Center for Laser Technology (FhCLT), Plymouth, MI (United States); Dunham, Scott [Univ. of Washington, Seattle, WA (United States); Xu, Baomin [PARC (Palo Alto Research Center), Palo Alto, CA (United States)

    2013-11-15

    Prices of Si based solar modules have been continuously declining in recent years. Goodrich is pointing out that a significant portion of these cost reductions have come about due to ‘economies of scale’ benefits, but there is a point of diminishing returns when trying to lower cost by simply expanding production capacity. Developing innovative high volume production technologies resulting in an increase of conversion efficiency without adding significant production cost will be necessary to continue the projected cost reductions. The Foundational Program to Advance Cell Efficiency (FPACE) is seeking to achieve this by closing the PV efficiency gap between theoretical achievable maximum conversion efficiency - 29% for c-Si - and the current typical production - 18.5% for a typical full area back contact c-Si Solar cell – while targeting a module cost of $0.50/Watt . The research conducted by SolarWorldUSA and it’s partners within the FPACE framework focused on the development of a Hybrid metal-wrap-through (MWT) and laser-ablated PERC solar cell design employing a extrusion metallization scheme to achieve >20% efficient devices. The project team was able to simulate, develop and demonstrate the technologies necessary to build p-type MWT PERC cells with extruded front contacts. Conversion efficiencies approaching 20% were demonstrated and a path for further efficiency improvements identified. A detailed cost of ownership calculation for such a device was based on a NREL cost model and is predicting a $/Watt cost below 85 cents on a 180 micron substrate.

  15. Delay and probability discounting of sexual and monetary outcomes in individuals with cocaine use disorders and matched controls.

    Science.gov (United States)

    Johnson, Matthew W; Johnson, Patrick S; Herrmann, Evan S; Sweeney, Mary M

    2015-01-01

    Individuals with cocaine use disorders are disproportionately affected by HIV/AIDS, partly due to higher rates of unprotected sex. Recent research suggests delay discounting of condom use is a factor in sexual HIV risk. Delay discounting is a behavioral economic concept describing how delaying an event reduces that event's value or impact on behavior. Probability discounting is a related concept describing how the uncertainty of an event decreases its impact on behavior. Individuals with cocaine use disorders (n = 23) and matched non-cocaine-using controls (n = 24) were compared in decision-making tasks involving hypothetical outcomes: delay discounting of condom-protected sex (Sexual Delay Discounting Task), delay discounting of money, the effect of sexually transmitted infection (STI) risk on likelihood of condom use (Sexual Probability Discounting Task), and probability discounting of money. The Cocaine group discounted delayed condom-protected sex (i.e., were more likely to have unprotected sex vs. wait for a condom) significantly more than controls in two of four Sexual Delay Discounting Task partner conditions. The Cocaine group also discounted delayed money (i.e., preferred smaller immediate amounts over larger delayed amounts) significantly more than controls. In the Sexual Probability Discounting Task, both groups showed sensitivity to STI risk, however the groups did not differ. The Cocaine group did not consistently discount probabilistic money more or less than controls. Steeper discounting of delayed, but not probabilistic, sexual outcomes may contribute to greater rates of sexual HIV risk among individuals with cocaine use disorders. Probability discounting of sexual outcomes may contribute to risk of unprotected sex in both groups. Correlations showed sexual and monetary results were unrelated, for both delay and probability discounting. The results highlight the importance of studying specific behavioral processes (e.g., delay and probability

  16. 76 FR 73674 - Change in Discount Rate for Water Resources Planning

    Science.gov (United States)

    2011-11-29

    ... Bureau of Reclamation Change in Discount Rate for Water Resources Planning AGENCY: Bureau of Reclamation, Interior. ACTION: Notice of change. SUMMARY: The Water Resources Planning Act of 1965 and the Water... resources planning. The discount rate for Federal water resources planning for fiscal year 2012 is 4 percent...

  17. 78 FR 16706 - Change in Discount Rate for Water Resources Planning

    Science.gov (United States)

    2013-03-18

    ... Bureau of Reclamation Change in Discount Rate for Water Resources Planning AGENCY: Bureau of Reclamation, Interior. ACTION: Notice of change. SUMMARY: The Water Resources Planning Act of 1965 and the Water... resources planning. The discount rate for Federal water resources planning for fiscal year 2013 is 3.75...

  18. 75 FR 8106 - Change in Discount Rate for Water Resources Planning

    Science.gov (United States)

    2010-02-23

    ... Bureau of Reclamation Change in Discount Rate for Water Resources Planning AGENCY: Bureau of Reclamation, Interior. ACTION: Notice of change. SUMMARY: The Water Resources Planning Act of 1965 and the Water... resources planning. The discount rate for Federal water resources planning for fiscal year 2010 is 4.375...

  19. 75 FR 82066 - Change in Discount Rate for Water Resources Planning

    Science.gov (United States)

    2010-12-29

    ... Resources Planning AGENCY: Bureau of Reclamation, Interior. ACTION: Notice of change. SUMMARY: The Water Resources Planning Act of 1965 and the Water Resources Development Act of 1974 require an annual determination of a discount rate for Federal water resources planning. The discount rate for Federal water...

  20. 78 FR 67393 - Change in Discount Rate for Water Resources Planning

    Science.gov (United States)

    2013-11-12

    ... Bureau of Reclamation Change in Discount Rate for Water Resources Planning AGENCY: Bureau of Reclamation, Interior. ACTION: Notice of change. SUMMARY: The Water Resources Planning Act of 1965 and the Water... resources planning. The discount rate for Federal water resources planning for fiscal year 2014 is 3.50...

  1. Determining a Relationship between Higher Education Financial Position and Tuition Discount Rates

    Science.gov (United States)

    Browning, Julianna

    2013-01-01

    Institutions have increased the practice of tuition discounting, that is, the strategic use of price discrimination. During the past 30 years, both the average percent discount given to students and the proportion of students receiving tuition breaks have increased. As this practice has increased, there are financial determinants and implications…

  2. Temporal Discounting Predicts Student Responsiveness to Exchange Delays in a Classroom Token System

    Science.gov (United States)

    Reed, Derek D.; Martens, Brian K.

    2011-01-01

    Typical assessments of temporal discounting involve presenting choices between hypothetical monetary outcomes. Participants choose between smaller immediate rewards and larger delayed rewards to determine how the passage of time affects the subjective value of reinforcement. Few studies, however, have compared such discounting to actual…

  3. Long-term impacts of mega-projects: the discount rate

    NARCIS (Netherlands)

    Koopmans, C.; Rietveld, P.; Priemus, H.; van Wee, B.

    2013-01-01

    In social cost-benefit analysis (SCBA), discount rates are used to convert costs and benefits that occur at different points in time, to present values that can be added and subtracted. Especially if important costs and benefits occur in the long term (more than say 30 years), the discount rate may

  4. Future Rice Is Discounted Less Steeply than Future Money in Thailand

    Science.gov (United States)

    Takahashi, Masaharu; Masataka, Nobuo; Malaivijitnond, Suchinda; Wongsiri, Siriwat

    2008-01-01

    There is evidence that people discount food more steeply than money, suggesting that primary or consumable reinforcers lose value quickly, whereas conditioned or nonconsumable reinforcers lose value slowly. In the present study, discounting rates of baht (unstable currency) and rice (preservable food) were compared during a period of unstable…

  5. 78 FR 6140 - Discount Rates for Cost-Effectiveness Analysis of Federal Programs

    Science.gov (United States)

    2013-01-29

    ... updated annually when the interest rate and inflation assumptions used to prepare the Budget of the United... Real Discount Rates. A forecast of real interest rates from which the inflation premium has been... are to be used for discounting constant-dollar flows, as is often required in...

  6. Stochastic Discount Factor Approach to International Risk-Sharing:A Robustness Check of the Bilateral Setting

    NARCIS (Netherlands)

    Hadzi-Vaskov, M.; Kool, C.J.M.

    2007-01-01

    This paper presents a robustness check of the stochastic discount factor approach to international (bilateral) risk-sharing given in Brandt, Cochrane, and Santa-Clara (2006). We demonstrate two main inherent limitations of the bilateral SDF approach to international risk-sharing. First, the discount

  7. Changing Delay Discounting in the Light of the Competing Neurobehavioral Decision Systems Theory: A Review

    Science.gov (United States)

    Koffarnus, Mikhail N.; Jarmolowicz, David P.; Mueller, E. Terry; Bickel, Warren K.

    2013-01-01

    Excessively devaluing delayed reinforcers co-occurs with a wide variety of clinical conditions such as drug dependence, obesity, and excessive gambling. If excessive delay discounting is a trans-disease process that underlies the choice behavior leading to these and other negative health conditions, efforts to change an individual's discount rate…

  8. Deciding under doubt: a theory of risk aversion, time discounting preferences, and educational decision-making

    NARCIS (Netherlands)

    R. Breen; H.G. van de Werfhorst; M.M. Jaeger

    2014-01-01

    We develop a rational choice model of educational decision-making in which the utility of educational choices depends on students’ risk aversion and their time discounting preferences. We argue for the role of risk aversion and time discounting preferences in the choice of different tracks in second

  9. Can't wait to lose weight? Characterizing temporal discounting parameters for weight-loss.

    Science.gov (United States)

    Lim, Seung-Lark; Bruce, Amanda S

    2015-02-01

    Obesity is often related to steeper temporal discounting, that is, higher decision impulsivity for immediate rewards over delayed rewards. However, previous studies have measured temporal discounting parameters through monetary rewards. The aim of this study was to develop a temporal discounting measure based on weight-loss rewards, which may help to understand decision-making mechanisms more closely related to body weight regulation. After having their heights and weights measured, healthy young adults completed the Monetary Choice Questionnaire (MCQ), and an adapted version of the MCQ, with weight-loss as a reward. Participants also completed self-reports that measure obesity-related cognitive variables. For 42 participants who expressed a desire to lose weight, weight-loss rewards were discounted over time and had a positive correlation with temporal discounting for monetary rewards. Higher temporal discounting for weight loss rewards (i.e., preference for immediate weight loss) showed correlations with beliefs that obesity is under obese persons' control and largely due to lack of willpower, while temporal discounting parameters for monetary rewards did not. Taken together, our weight loss temporal discounting measure demonstrated both convergent and divergent validity, which can be utilized for future obesity research and interventions.

  10. The meanings of discounts in contemporary art markets: the case of India

    NARCIS (Netherlands)

    Komarova, N.

    2015-01-01

    Although discounts in art markets are commonplace, the phenomenon remains largely unresearched. This paper looks at how art market actors understand the functions of discounts, focusing on ‘suppliers’ of the market and drawing on qualitative interviews with artists and art dealers from New Delhi and

  11. 77 FR 68886 - Rate for Use in Federal Debt Collection and Discount and Rebate Evaluation

    Science.gov (United States)

    2012-11-16

    ... this rate by agencies as a comparison point in evaluating the cost-effectiveness of a cash discount. In... with Federal Cash Management systems and is based on investment rates set for purposes of Public Law 95... Fiscal Service Rate for Use in Federal Debt Collection and Discount and Rebate Evaluation...

  12. Intact Reward Learning but Elevated Delay Discounting in Parkinson's Disease Patients With Impulsive-Compulsive Spectrum Behaviors

    National Research Council Canada - National Science Library

    Housden, Charlotte R; O'Sullivan, Sean S; Joyce, Eileen M; Lees, Andrew J; Roiser, Jonathan P

    2010-01-01

    ... impulsively discount future rewards. To test these hypotheses, we investigated whether 36 medicated PD patients with and without ICBs differed from controls on measures of stimulus-reinforcement learning and delay discounting...

  13. The relationship between temporal discounting and the prisoner's dilemma game in intranasal abusers of prescription opioids.

    Science.gov (United States)

    Yi, Richard; Buchhalter, August R; Gatchalian, Kirstin M; Bickel, Warren K

    2007-02-23

    Previous research on college students has found that cooperation in iterated prisoner's dilemma game is correlated with preference for delayed rewards in studies of temporal discounting. The present study attempted to replicate this finding in a drug-dependent population. Thirty-one individuals who intranasally abuse prescription opioids participated in temporal discounting and iterated prisoner's dilemma game procedures during intake for a treatment study. Rate of temporal discounting was determined for each participant at two hypothetical reward magnitudes, as well as proportion of cooperation in a 60-trial iterated prisoner's dilemma game versus a tit-for-tat strategy. Cooperation in the prisoner's dilemma game and temporal discounting rates were significantly correlated in the predicted direction: individuals who preferred delayed rewards in the temporal discounting task were more likely to cooperate in the prisoner's dilemma game.

  14. 150 kWe solar-powered deep well irrigation facility. Volume II. Main report. Final report

    Energy Technology Data Exchange (ETDEWEB)

    1977-08-30

    The screening, selection, and detailed optimized design of a 150 kW solar-powered irrigation facility for construction on a farm in Arizona are described. The heliostat/central receiver collector system was selected, and a steam Rankine cycle power system using molten salt heat transfer fluid was chosen. Systems analyses and detailed designs of the subsystems are presented. Cost estimates are included, and the Phase II program plan is detailed. (WHK)

  15. Social Discounting of Large Dams with Climate Change Uncertainty

    Directory of Open Access Journals (Sweden)

    Marc Jeuland

    2010-06-01

    This paper reviews the recent discounting controversy and examines its implications for the appraisal of an illustrative hydropower project in Ethiopia. The analysis uses an integrated hydro-economic model that accounts for how the dam’s transboundary impacts vary with climate change. The real value of the dam is found to be highly sensitive to assumptions about future economic growth. The argument for investment is weakest under conditions of robust global economic growth, particularly if these coincide with unfavourable hydrological or development factors related to the project. If however long-term growth is reduced, the value of the dam tends to increase. There may also be distributional or local arguments favouring investment, if growth in the investment region lags behind that of the rest of the globe. In such circumstances, a large dam can be seen as a form of insurance that protects future vulnerable generations against the possibility of macroeconomic instability or climate shocks.

  16. A Job with a Future? Delay Discounting, Magnitude Effects, and Domain Independence of Utility for Career Decisions.

    Science.gov (United States)

    Schoenfelder, Thomas E.; Hantula, Donald A.

    2003-01-01

    Seniors (n=20) assessed two job offers with differences in domain (salary/tasks), delay (career-long earnings), and magnitude (initial salary offer). Contrary to discounted utility theory, choices reflected nonconstant discount rates for future salary/tasks (delay effect), lower discount rates for salary/preferred tasks (magnitude effect), and a…

  17. Testing the Reliability of Delay Discounting of Ten Commodities Using the Fill-in-the-Blank Method

    Science.gov (United States)

    Weatherly, Jeffrey N.; Derenne, Adam; Terrell, Heather K.

    2011-01-01

    Several measures of delay discounting have been shown to be reliable over periods of up to 3 months. In the present study, 115 participants completed a fill-in-the-blank (FITB) delay-discounting task on sets of 5 different commodities, 12 weeks apart. Results showed that discounting rates were not well described by a hyperbolic function but were…

  18. Proceedings of the second US Department of Energy environmental control symposium. Volume 2. Nuclear energy, conservation, and solar energy

    Energy Technology Data Exchange (ETDEWEB)

    None

    1980-06-01

    These proceedings document the presentations given at the Second Environmental Control Symposium. Symposium presentations highlighted environmental control activities which span the entire DOE. Volume II contains papers relating to: environmental control aspects of nuclear energy use and development; nuclear waste management; renewable energy sources; transportation and building conservation (fuel economy, gasohol, building standards, and industry); and geothermal energy, power transmission, and energy storage. (DMC)

  19. Temperature dependence of pin solar cell parameters with intrinsic layers made of pm-Si:H and low crystalline volume fraction {mu}c-Si:H

    Energy Technology Data Exchange (ETDEWEB)

    Hamadeh, H. [AECS, Physics Department, P.O. Box 6091, Damascus (Syria)

    2010-07-15

    A comparison of the temperature dependence of the IV characteristics parameters of hydrogenated silicon pin solar cells with intrinsic layers made of polymorphous silicon (pm-Si:H) and of {mu}c-Si:H with low crystalline volume fraction has been performed. When using pm-Si:H, higher efficiency and higher filling factors are achieved over a wide temperature range. Diode quality factors of both types of cells show similar temperature dependence. Recombination processes over the whole intrinsic layer dominates the forward current. A change of the cell parameters under illumination is also observed. The transport mechanism of both cells is similar in the temperature range that is important for most applications. Due to its optical and transport properties, pm-Si:H poses a very interesting alternative to {mu}c-Si:H and a-Si:H in the temperature range of normal terrestrial applications. (author)

  20. Effects of nano anatase-rutile TiO2 volume fraction with natural dye containing anthocyanin on the dye sensitized solar cell performance

    Science.gov (United States)

    Agustini, S.; Wahyuono, R. A.; Sawitri, D.; Risanti, D. D.

    2013-09-01

    Since its first development, efforts to improve efficiency of Dye Sensitized Solar Cell (DSSC) are continuously carried out, either through selection of dye materials, the type of semiconductor, counter electrode design or the sandwiched structure. It is widely known that anatase and rutile are phases of TiO2 that often being used for fabrication of DSSC. Rutile is thermodynamically more stable phase having band-gap suitable for absorption of sunlight spectrum. On the other hand, anatase has higher electrical conductivity, capability to adsorp dye as well as higher electron diffusion coefficient than those of rutile. Present research uses mangosteen pericarp and Rhoeo spathacea extracted in ethanol as natural dye containing anthocyanin. These dyes were characterized by using UV-Vis and FTIR, showing that the absorption maxima peaks obtained at 389 nm and 413 nm, for mangosteen and Rhoeo spathacea, respectively. The nano TiO2 was prepared by means of co-precipitation method. The particle size were 9-11 nm and 54.5 nm for anatase and rutile, respectively, according to Scherrer's equation. DSSCs were fabricated in various volume fractions of anatase and rutile TiO2. The fabricated DSSCs were tested under 17 mW/cm2 of solar irradiation. The current-voltage (I-V) characteristic of DSSCs employing 75%: 25% volume fraction of anatase and rutile TiO2 have outstanding result than others. The highest conversion efficiencies of 0.037% and 0.013% are obtained for DSSC employing natural dye extract from mangosteen pericarp and Rhoeo spathacea, respectively.

  1. Low concentration ratio solar array for low Earth orbit multi-100 kW application. Volume 1: Design, analysis and development tests

    Science.gov (United States)

    1983-01-01

    A preliminary design effort directed toward a low concentration ratio photovoltaic array system capable of delivering multihundred kilowatts (300 kW to 1000 kW range) in low earth orbit is described. The array system consists of two or more array modules each capable of delivering between 113 kW to 175 kW using silicon solar cells or gallium arsenide solar cells, respectively. The array module deployed area is 1320 square meters and consists of 4356 pyramidal concentrator elements. The module, when stowed in the Space Shuttle's payload bay, has a stowage volume of a cube with 3.24 meters on a side. The concentrator elements are sized for a geometric concentration ratio (GCR) of six with an aperture area of .25 sq. m. The structural analysis and design trades leading to the baseline design are discussed. It describes the configuration, as well as optical, thermal and electrical performance analyses that support the design and overall performance estimates for the array are described.

  2. Solar central receiver hybrid power system, Phase I. Volume 2. Conceptual design. Final technical report, October 1978-August 1979

    Energy Technology Data Exchange (ETDEWEB)

    None

    1979-09-01

    The objectives of this study were to develop a hybrid power system design that (1) produces minimum cost electric power, (2) minimizes the capital investment and operating cost, (3) permits capacity displacement, (4) and achieves utility acceptance for market penetration. We have met the first three of these objectives and therefore believe that the fourth, utility acceptance, will become a reality. These objectives have been met by utilizing the Martin Marietta concept that combines the alternate central receiver power system design and a high-temperature salt primary heat transfer fluid and thermal storage media system with a fossil-fired nonsolar energy source. Task 1 reviewed the requirements definition document and comments and recommendations were provided to DOE/San Francisco. Task 2 consisted of a market analysis to evaluate the potential market of solar hybrid power plants. Twenty-two utilities were selected within nine regions of the country. Both written and verbal correspondence was used to assess solar hybrid power plants with respect to the utilities' future requirements and plans. The parametric analysis of Task 3 evaluated a wide range of subsystem configurations and sizes. These analyses included subsystems from the solar standalone alternate central receiver power system using high-temperature molten salt and from fossil fuel nonsolar subsystems. Task 4, selection of the preferred commerical system configuration, utilized the parametric analyses developed in Task 3 to select system and subsystem configurations for the commercial plant design. Task 5 developed a conceptual design of the selected commercial plant configuration and assessed the related cost and performance. Task 6 assessed the economics and performance of the selected configuration as well as future potential improvements or limitations of the hybrid power plants.

  3. Preliminary design of the Carrisa Plains solar central receiver power plant. Volume III, Book 3. Appendices. Part 2

    Energy Technology Data Exchange (ETDEWEB)

    Lee, S. K.

    1983-12-31

    The auxiliary heat transport systems of the Carrisa Plains Solar Power Plant (CPSPP) comprise facilities which are used to support plant operation and provide plant safety and maintenance. The facilities are the sodium purification system, argon cover gas system, sodium receiving and filling system, sodium-water reaction product receiving system, and safety and maintenance equipment. The functions of the facilities of the auxiliary system are described. Design requirements are established based on plant operating parameters. Descriptions are given on the system which will be adequate to perform the function and satisfy the requirements. Valve and equipment lists are included in the appendix.

  4. The effect of natural scenes on temporal and probability discounting

    Directory of Open Access Journals (Sweden)

    2015-09-01

    Results: There was no significant difference in delay discounting between groups F(1,172 = .613, p = .607. Males discounted significantly less than females on temporal and probability discounting tasks F(1,300 = 6.795, p = .010; F(1,300 = 9.941, p = .002, respectively. Older individuals delay discount significantly less than younger individuals F(3,300 = 11.826, p < .001. Older individuals had significantly higher positive affect than younger individuals F(3,300 = 7.956, p < .001. Conclusions: The discounting functions obtained were consistent with previous studies. The results for age and gender on discounting contributes to discussion of these matters: While lower levels of impulsivity in older adults is perhaps to be expected, the gender effect obtained here is less easily explained. Contrary to Berry et al. (2014 we found no evidence for any effect of viewing natural scenes on discounting, regardless of their aesthetic properties. While this discrepancy could relate to the differences in methodology employed, it would suggest that the claims for an effect of natural scenes on impulsivity should be treated with caution.

  5. Future Discounting in Congo Basin Hunter-Gatherers Declines with Socio-Economic Transitions.

    Directory of Open Access Journals (Sweden)

    Gul Deniz Salali

    Full Text Available Humans have a tendency to discount the future; that is we value small, short-term rewards over larger, long-term rewards. The degree of future discounting, however, changes in response to socio-ecological factors. Here, we study Mbendjele BaYaka hunter-gatherers of northern Congo and their farmer neighbours to investigate adaptations in inter-temporal preferences in humans. We argue that in immediate-return systems, where food storage is absent and egalitarianism is enforced through levelling mechanisms, future discounting is an adaptive strategy to prevent wealth accumulation and the emergence of hierarchies. This ensures food sharing and allows for survival in unpredictable environments where there is risk of an energy shortfall. On the other hand, when food storage is made possible by the emergence of agriculture or as seen in some delayed-return hunter-gatherer populations, wealth accumulation, hierarchies and lower discount rates become the adaptive strategy. Therefore, individuals in immediate-return, egalitarian societies will discount the future more than those in non-egalitarian, delayed-return societies. Consistent with the predictions we found that market integration and socio-economic transitions decrease the future discounting in Mbendjele hunter-gatherers. Our measures of socio-economic differences marked this transition in hunter-gatherers living in a logging town. The degree of future-discounting was the same between more market-integrated hunter-gatherers and their farmer neighbours.

  6. Episodic future thinking reduces delay discounting and energy intake in children.

    Science.gov (United States)

    Daniel, Tinuke Oluyomi; Said, Michele; Stanton, Christina M; Epstein, Leonard H

    2015-08-01

    Discounting of larger future rewards in favor of smaller immediate rewards is known as delay discounting. High delay discounting or a bias towards immediate gratification impedes self-regulation and is associated with maladaptive eating behaviors. Children in general show greater delay discounting than adults. Obese children in particular, have greater difficulty delaying gratification for edible rewards. Episodic future thinking (EFT) which is mental self-projection to pre-experience future events reduces delay discounting and reduces energy intake in overweight/obese adults. However, these EFT effects have not been examined in children. We evaluated the effects of EFT versus control episodic recent thinking (ERT) on delay discounting and ad libitum energy intake while thinking about episodic cues in 42 overweight/obese 9 to 14year olds. Results showed that EFT led to less delay discounting and lowered energy intake, and EFT had the greatest effect on reducing energy intake in children with a higher desire to restrict food intake. This suggests that EFT may be useful in pediatric obesity treatment programs to help children regulate energy intake. Copyright © 2015 Elsevier Ltd. All rights reserved.

  7. Harnessing the uncertainty monster: Putting quantitative constraints on the intergenerational social discount rate

    Science.gov (United States)

    Lewandowsky, Stephan; Freeman, Mark C.; Mann, Michael E.

    2017-09-01

    There is broad consensus among economists that unmitigated climate change will ultimately have adverse global economic consequences, that the costs of inaction will likely outweigh the cost of taking action, and that social planners should therefore put a price on carbon. However, there is considerable debate and uncertainty about the appropriate value of the social discount rate, that is the extent to which future damages should be discounted relative to mitigation costs incurred now. We briefly review the ethical issues surrounding the social discount rate and then report a simulation experiment that constrains the value of the discount rate by considering 4 sources of uncertainty and ambiguity: Scientific uncertainty about the extent of future warming, social uncertainty about future population and future economic development, political uncertainty about future mitigation trajectories, and ethical ambiguity about how much the welfare of future generations should be valued today. We compute a certainty-equivalent declining discount rate that accommodates all those sources of uncertainty and ambiguity. The forward (instantaneous) discount rate converges to a value near 0% by century's end and the spot (horizon) discount rate drops below 2% by 2100 and drops below previous estimates by 2070.

  8. Trading Later Rewards for Current Pleasure: Pornography Consumption and Delay Discounting.

    Science.gov (United States)

    Negash, Sesen; Sheppard, Nicole Van Ness; Lambert, Nathaniel M; Fincham, Frank D

    2016-01-01

    Internet pornography is a multi-billion-dollar industry that has grown increasingly accessible. Delay discounting involves devaluing larger, later rewards in favor of smaller, more immediate rewards. The constant novelty and primacy of sexual stimuli as particularly strong natural rewards make Internet pornography a unique activator of the brain's reward system, thereby having implications for decision-making processes. Based on theoretical studies of evolutionary psychology and neuroeconomics, two studies tested the hypothesis that consuming Internet pornography would relate to higher rates of delay discounting. Study 1 used a longitudinal design. Participants completed a pornography use questionnaire and a delay discounting task at Time 1 and then again four weeks later. Participants reporting higher initial pornography use demonstrated a higher delay discounting rate at Time 2, controlling for initial delay discounting. Study 2 tested for causality with an experimental design. Participants were randomly assigned to abstain from either their favorite food or pornography for three weeks. Participants who abstained from pornography use demonstrated lower delay discounting than participants who abstained from their favorite food. The finding suggests that Internet pornography is a sexual reward that contributes to delay discounting differently than other natural rewards. Theoretical and clinical implications of these studies are highlighted.

  9. Solar thermal technology development: Estimated market size and energy cost savings. Volume 2: Assumptions, methodology and results

    Science.gov (United States)

    Gates, W. R.

    1983-01-01

    Estimated future energy cost savings associated with the development of cost-competitive solar thermal technologies (STT) are discussed. Analysis is restricted to STT in electric applications for 16 high-insolation/high-energy-price states. Three fuel price scenarios and three 1990 STT system costs are considered, reflecting uncertainty over future fuel prices and STT cost projections. Solar thermal technology research and development (R&D) is found to be unacceptably risky for private industry in the absence of federal support. Energy cost savings were projected to range from $0 to $10 billion (1990 values in 1981 dollars), depending on the system cost and fuel price scenario. Normal R&D investment risks are accentuated because the Organization of Petroleum Exporting Countries (OPEC) cartel can artificially manipulate oil prices and undercut growth of alternative energy sources. Federal participation in STT R&D to help capture the potential benefits of developing cost-competitive STT was found to be in the national interest. Analysis is also provided regarding two federal incentives currently in use: The Federal Business Energy Tax Credit and direct R&D funding.

  10. Solar thermal technology development: Estimated market size and energy cost savings. Volume 2: Assumptions, methodology and results

    Science.gov (United States)

    Gates, W. R.

    1983-02-01

    Estimated future energy cost savings associated with the development of cost-competitive solar thermal technologies (STT) are discussed. Analysis is restricted to STT in electric applications for 16 high-insolation/high-energy-price states. Three fuel price scenarios and three 1990 STT system costs are considered, reflecting uncertainty over future fuel prices and STT cost projections. Solar thermal technology research and development (R&D) is found to be unacceptably risky for private industry in the absence of federal support. Energy cost savings were projected to range from $0 to $10 billion (1990 values in 1981 dollars), depending on the system cost and fuel price scenario. Normal R&D investment risks are accentuated because the Organization of Petroleum Exporting Countries (OPEC) cartel can artificially manipulate oil prices and undercut growth of alternative energy sources. Federal participation in STT R&D to help capture the potential benefits of developing cost-competitive STT was found to be in the national interest. Analysis is also provided regarding two federal incentives currently in use: The Federal Business Energy Tax Credit and direct R&D funding.

  11. Fabrikasi Dye Sensitized Solar Cell (DSSC Berdasarkan Fraksi Volume TiO2 Anatase-Rutile dengan Garcinia mangostana dan Rhoeo Spathacea sebagai Dye Fotosensitizer

    Directory of Open Access Journals (Sweden)

    Sustia Agustini

    2013-09-01

    Full Text Available Sejak pertama kali dikembangkan, usaha untuk meningkatkan efisiensi Dye Sensitized Solar Cell (DSSC terus dilakukan. Mulai dari pemilihan bahan pewarna, jenis semikonduktor yang digunakan, desain counter elektroda, struktur sandwich atau yang lainnya. Anatase dan rutile adalah fase dari TiO2 yang sering digunakan untuk fabrikasi DSSC. Penelitian ini menggunakan kulit manggis dan Rhoeo spathacea yang diekstrak menggunakan ethanol sebagai pewarna alami yang mengandung antosianin. Pewarna tersebut dikarakterisasi menggunakan UV-Vis dan FTIR, dan menunjukkan absorpsi pada panjang gelombang 392 nm untuk kulit manggis dan 413 nm untuk Rhoeo spathacea. TiO2 disintesis menggunakan metode co-precipitation. Ukuran partikel yang dihasilkan adalah 11 nm untuk anatase and 54,5 nm untuk rutile dengan menggunakan persamaan Scherrer. DSSC difabrikasi dengan variasi fraksi volume TiO2 anatase dan rutile. DSSC diuji dibawah cahaya matahari dengan daya sebesar 17 mW/cm2. Kurva arus-tegangan (I-V DSSC yang dihasilkan fraksi volume 75%:25% memperlihatkan hasil terbaik dibanding yang lain. Efisiensi tertinggi adalah 0.037% dan 0.013% dihasilkan oleh DSSC dengan pewarna alami dari kulit manggis dan Rhoeo spathacea.

  12. Adolescents' performance on delay and probability discounting tasks: contributions of age, intelligence, executive functioning, and self-reported externalizing behavior.

    Science.gov (United States)

    Olson, Elizabeth A; Hooper, Catalina J; Collins, Paul; Luciana, Monica

    2007-11-01

    Healthy adolescents, ages 9-23, completed delay and probability discounting tasks and measures of verbal and nonverbal intelligence, executive functioning, and self-reported internalizing and externalizing behavior. Delay but not probability discounting decreased with age. Delay discounting was also associated with verbal intelligence and Go-NoGo and Iowa Gambling Task performance. Probability discounting was associated only with externalizing behavior. Findings conform to an accumulation of evidence that while delay and probability discounting may have some overlapping components, they also reflect some fundamentally different processes in this age group.

  13. Coordinated Lot-sizing and Dynamic Prizing under a Supplier All-units Quantity Discount

    Directory of Open Access Journals (Sweden)

    Sandra Transchel

    2008-05-01

    Full Text Available We consider an economic order quantity model where the supplier offers an all-units quantity discount and a price sensitive customer demand. We compare a decentralized decision framework where selling price and replenishment policy are determined independently to simultaneous decision making. Constant and dynamic pricing are distinguished. We derive structural properties and develop algorithms that determine the optimal pricing and replenishment policy and show how quantity discounts not only influence the purchasing strategy but also the pricing policy. A sensitivity analysis indicates the impact of the fixed-holding cost ratio, the discount policy, and the customers' price sensitivity on the optimal decisions.

  14. An interaction of a NR3C1 polymorphism and antenatal solar activity impacts both hippocampus volume and neuroticism in adulthood

    Directory of Open Access Journals (Sweden)

    Christian eMontag

    2013-06-01

    Full Text Available The investigation of the interaction of genes and environment in the context of mental health and personality yields important new insights for a better understanding of human nature. Both antenatal and postnatal environmental factors have been considered as potential modulators of genetic activity. Antenatally, especially smoking or alcohol drinking habits of the mother dramatically influence the health of the child during pregnancy and even later on in life. In the present study we would like to introduce a more 'distant' factor that is not under the control of the becoming mother but that nevertheless plays a potential role for the health of the unborn child later on in adulthood. Here, we retrospectively investigate the influence of sunspot activity (while the child is still in the uterus of the becoming mother on brain structure (with a focus on hippocampus and amygdala volume and personality in adulthood. We observe an interaction of a genetic variant (rs41423247 of the glucocorticoid receptor gene (NR3C1 and sunspot activity in the first trimester after conception on both hippocampal volume and the personality trait neuroticism in adulthood in N = 254 participants. The NR3C1 gene is the focus of interest, because of its influence on the hypothalamic-pituitary-adrenal axis and negative emotionality. Carriers of the CC variant of rs41423247 grown in the womb under the influence of high sun radiation (high sunspot activity show both the highest hippocampal gray matter volume in the left hemisphere and lowest neuroticism scores. The present findings should encourage researchers in psychology and psychiatry to include also environmental influences such as solar activity besides genetics to better understand the etiogenesis of psychiatric disorders.

  15. Mixed strategies for energy conservation and alternative energy utilization (solar) in buildings. Final report. Volume III. Appendixes. [10 appendices

    Energy Technology Data Exchange (ETDEWEB)

    None

    1977-06-01

    This appendix summarizes building characteristics used to determine heating and cooling loads for each of the five building types in each of the four regions. For the selected five buildings, the following data are attached: new and existing construction characteristics; new and existing construction thermal resistance; floor plan and elevation; people load schedule; lighting load schedule; appliance load schedule; ventilation schedule; and hot water use schedule. For the five building types (single family, apartment buildings, commercial buildings, office buildings, and schools), data are compiled in 10 appendices. These are Building Characteristics; Alternate Energy Sources and Energy Conservation Techniques Description, Costs, Fuel Price Scenarios; Life Cycle Cost Model; Simulation Models; Solar Heating/Cooling System; Condensed Weather; Single and Multi-Family Dwelling Characteristics and Energy Conservation Techniques; Mixed Strategies for Energy Conservation and Alternative Energy Utilization in Buildings. An extensive bibliography is given in the final appendix. (MCW)

  16. High Volume Manufacturing of Silicon-Film Solar Cells and Modules; Final Subcontract Report, 26 February 2003 - 30 September 2003

    Energy Technology Data Exchange (ETDEWEB)

    Rand, J. A.; Culik, J. S.

    2005-10-01

    The objective of the PV Manufacturing R&D subcontract was to continue to improve AstroPower's technology for manufacturing Silicon-Film* wafers, solar cells, and modules to reduce costs, and increase production yield, throughput, and capacity. As part of the effort, new technology such as the continuous back metallization screen-printing system and the laser scribing system were developed and implemented. Existing processes, such as the silicon nitride antireflection coating system and the fire-through process were optimized. Improvements were made to the statistical process control (SPC) systems of the major manufacturing processes: feedstock preparation, wafer growth, surface etch, diffusion, and the antireflection coating process. These process improvements and improved process control have led to an increase of 5% relative power, and nearly 15% relative improvement in mechanical and visual yield.

  17. Preliminary design of the Carrisa Plains solar central receiver power plant. Volume III, Book 3. Appendices, Part 1

    Energy Technology Data Exchange (ETDEWEB)

    Mouradian, E. M.

    1983-12-31

    Thermal analyses for the preliminary design phase of the Receiver of the Carrizo Plains Solar Power Plant are presented. The sodium reference operating conditions (T/sub in/ = 610/sup 0/F, T/sub out/ = 1050/sup 0/F) have been considered. Included are: Nominal flux distribution on receiver panal, Energy input to tubes, Axial temperature distribution; sodium and tubes, Sodium flow distribution, Sodium pressure drop, orifice calculations, Temperature distribution in tube cut (R-0), Backface structure, and Nonuniform sodium outlet temperature. Transient conditions and panel front face heat losses are not considered. These are to be addressed in a subsequent design phase. Also to be considered later are the design conditions as variations from the nominal reference (operating) condition. An addendum, designated Appendix C, has been included describing panel heat losses, panel temperature distribution, and tube-manifold joint thermal model.

  18. High temporal discounters overvalue immediate rewards rather than undervalue future rewards: an event-related brain potential study.

    Science.gov (United States)

    Cherniawsky, Avital S; Holroyd, Clay B

    2013-03-01

    Impulsivity is characterized in part by heightened sensitivity to immediate relative to future rewards. Although previous research has suggested that "high discounters" in intertemporal choice tasks tend to prefer immediate over future rewards because they devalue the latter, it remains possible that they instead overvalue immediate rewards. To investigate this question, we recorded the reward positivity, a component of the event-related brain potential (ERP) associated with reward processing, with participants engaged in a task in which they received both immediate and future rewards and nonrewards. The participants also completed a temporal discounting task without ERP recording. We found that immediate but not future rewards elicited the reward positivity. High discounters also produced larger reward positivities to immediate rewards than did low discounters, indicating that high discounters relatively overvalued immediate rewards. These findings suggest that high discounters may be more motivated than low discounters to work for monetary rewards, irrespective of the time of arrival of the incentives.

  19. An analysis of the influence of discount sales promotion in consumer buying intent and the moderating effects of attractiveness

    Directory of Open Access Journals (Sweden)

    Fernando de Oliveira Santini

    2015-12-01

    Full Text Available ABSTRACT The purpose of this paper is to analyze the influence of discount sales promotion in the purchase intention and the moderating effects of attractiveness in the relationship between intention to purchase a discounted product and the impulsiveness, hedonic perception and financial risk. Thus, an experiment involving 613 students was conducted. The hypotheses predicted that a product with discount promotion would relate positively with impulsivity, as well as with a hedonic perception about the good offered, and negatively with the perception of financial risk associated with the product offered with discount. A positive moderation was expected of the perceived attractiveness of the announced discount promotion on the intentions of behaviors. The results confirmed the hypothesis, indicating positive effects of impulsivity and hedonic perception by purchasing the discounted products, in addition to the negative link between the intention of purchasing discounted products and the perception of a financial risk. The moderating effects were not confirmed. Final considerations conclude the work.

  20. Delay and Probability Discounting as Candidate Markers for Dementia: An Initial Investigation

    Science.gov (United States)

    Lindbergh, Cutter A.; Puente, Antonio N.; Gray, Joshua C.; Mackillop, James; Miller, L. Stephen

    2014-01-01

    The present study investigated delay discounting and probability discounting—behavioral economic indices of impulsivity and risk proneness, respectively—in 39 healthy older adults and 25 older adults with mild cognitive impairment (MCI). Relative to the healthy group, it was hypothesized that older adults with MCI would display greater levels of impulsivity, risk proneness, and response inconsistency. The MCI group was found to display a unique delay discounting profile characterized by increasing impulsivity with decreasing reward magnitude, such that cognitively impaired older adults were significantly more impulsive than healthy controls at the small reward magnitude. The two groups exhibited similar levels of probability discounting, though older adults with MCI were significantly less consistent in their risk preferences. The present findings shed light onto decision-making in pre-dementia disease stages and suggest that discounting performance holds potential to complement early diagnostic instruments, likely due to pathophysiological processes in relevant brain regions. PMID:25236720

  1. Study Discounts Myth of 'Patient Zero' in U.S. AIDS Crisis

    Science.gov (United States)

    ... Study Discounts Myth of 'Patient Zero' in U.S. AIDS Crisis Genetic analysis of 40-year-old blood ... in North America of the virus that causes AIDS. One myth already debunked by the research: That ...

  2. Intergenerational Justice: How Reasonable Man Discounts Climate Damage

    Directory of Open Access Journals (Sweden)

    Marc D. Davidson

    2012-01-01

    Full Text Available Moral philosophers and economists have evaluated the intergenerational problem of climate change by applying the whole gamut of theories on distributive justice. In this article, however, it is argued that intergenerational justice cannot imply the application of moral ideal theories to future generations. The formal principle of equality simply requires us to treat like cases as like. If intergenerational justice is to have any meaning, it would require future generations to receive the same treatment under the law and the same treatment from the authorities, as far as cases are like. In the context of climate change, the reasonable man standard from tort law is of particular relevance. There is no justification to handle pollution across generational boundaries according to norms which differ from the (international laws for handling pollution across national borders. It is argued that this implies, for example, that a zero social rate of time preference should be used in cost-benefit analysis of climate policy: climate damage experienced by future generations should be discounted neither for their higher expected wealth, nor purely for their being remote.

  3. Escaping the repugnant conclusion: rank-discounted utilitarianism with variable population

    OpenAIRE

    Asheim, Geir Bjarne; Zuber, Stéphane

    2014-01-01

    We contribute to population ethics by proposing and axiomatizing rank-discounted critical-level generalized utilitarianism (RDCLU). Population ethics is needed for evaluation of policies, e.g., concerning climate change, where population size depends on the chosen policy. We show that critical-level generalized utilitarianism and (a version of) critical-level leximin are the limits of RDCLU for extreme values of the rank utility discount factor. Moreover, we establish how RDCLU avoids serious...

  4. Association of cognition with temporal discounting in community based older persons

    Directory of Open Access Journals (Sweden)

    Boyle Patricia A

    2012-08-01

    Full Text Available Abstract Background The objective of this study was to test the hypothesis that cognitive function is negatively associated with temporal discounting in old age. Methods Participants were 388 community-dwelling older persons without dementia from the Rush Memory and Aging Project, an ongoing longitudinal epidemiologic study of aging in the Chicago metropolitan area. Temporal discounting was measured using standard questions in which participants were asked to choose between an immediate, smaller payment and a delayed, larger one. Cognition was measured using a detailed battery including 19 tests. The association between cognition and temporal discounting was examined via mixed models adjusted for age, sex, education, income, and the number of chronic medical conditions. Results Descriptive data revealed a consistent pattern whereby older persons with lower cognitive function were more likely to discount greater but delayed rewards compared to those with higher cognitive function. Further, in a mixed effect model adjusted for age, sex, education, income, and chronic medical conditions, global cognitive function was negatively associated with temporal discounting (estimate = −0.45, SE = 0.18, p = 0.015, such that a person with lower cognition exhibited greater discounting. Finally, in subsequent models examining domain specific associations, perceptual speed and visuospatial abilities were associated with temporal discounting, but episodic memory, semantic memory and working memory were not. Conclusion Among older persons without dementia, a lower level of cognitive function is associated with greater temporal discounting. These findings have implications regarding the ability of older persons to make decisions that involve delayed rewards but maximize well-being.

  5. Optimal harvesting of fish stocks under a time-varying discount rate.

    Science.gov (United States)

    Duncan, Stephen; Hepburn, Cameron; Papachristodoulou, Antonis

    2011-01-21

    Optimal control theory has been extensively used to determine the optimal harvesting policy for renewable resources such as fish stocks. In such optimisations, it is common to maximise the discounted utility of harvesting over time, employing a constant time discount rate. However, evidence from human and animal behaviour suggests that we have evolved to employ discount rates which fall over time, often referred to as "hyperbolic discounting". This increases the weight on benefits in the distant future, which may appear to provide greater protection of resources for future generations, but also creates challenges of time-inconsistent plans. This paper examines harvesting plans when the discount rate declines over time. With a declining discount rate, the planner reduces stock levels in the early stages (when the discount rate is high) and intends to compensate by allowing the stock level to recover later (when the discount rate will be lower). Such a plan may be feasible and optimal, provided that the planner remains committed throughout. However, in practice there is a danger that such plans will be re-optimized and adjusted in the future. It is shown that repeatedly restarting the optimization can drive the stock level down to the point where the optimal policy is to harvest the stock to extinction. In short, a key contribution of this paper is to identify the surprising severity of the consequences flowing from incorporating a rather trivial, and widely prevalent, "non-rational" aspect of human behaviour into renewable resource management models. These ideas are related to the collapse of the Peruvian anchovy fishery in the 1970's. Copyright © 2010 Elsevier Ltd. All rights reserved.

  6. Understanding the Impact of Online Reviews on Customer Choice: A Probability Discounting Approach

    OpenAIRE

    Fagerstrøm, A; Ghinea, G; Sydnes, L

    2016-01-01

    This study uses the concept of probability discounting to understand the impact of online customer reviews on consumer choice. Probability discounting describes how the subjective value of an outcome alters when its delivery shifts from certain to uncertain. An experimental study with 29 participants was conducted. Participants were run through an online shopping scenario where they had to choose whether to buy a product from a Web shop with customer reviews on reliability or from a Web shop ...

  7. Discounted cash flow valuation methods: Examples of perpetuities, constant growth and general case

    OpenAIRE

    Fernandez, Pablo

    2005-01-01

    This paper explores the discounted cash flow valuation methods. We start the paper with the simplest case: no-growth, perpetual-life companies. Then we will study the continuous growth case and, finally, the general case. The different concepts of cash flow used in company valuation are defined: equity cash flow (ECF), free cash flow (FCF), and capital cash flow (CCF). Then the appropriate discount rate is determined for each cash flow, depending on the valuation method used. Our starting poi...

  8. Discounted cash flow valuation methods: Examples of perpetuities, constant growth and general case

    OpenAIRE

    Fernandez, Pablo

    2005-01-01

    This paper explores the discounted cash flow valuation methods. We start the paper with the simplest case: no-growth, perpetual-life companies. Then we will study the continuous growth case and, finally, the general case. The different concepts of cash flow used in company valuation are defined: equity cash flow (ECF), free cash flow (FCF), and capital cash flow (CCF). Then the appropriate discount rate is determined for each cash flow, depending on the valuation method used. Our starting poi...

  9. The absence of numbers to express the amount may affect delay discounting with humans.

    Science.gov (United States)

    Reyes-Huerta, Hugo E; Dos Santos, Cristiano V

    2016-09-01

    Human delay discounting is usually studied with experimental protocols that use symbols to express delay and amount. In order to further understand discounting, we evaluated whether the absence of numbers to represent reward amounts affects discount rate in general, and whether the magnitude effect is generalized to nonsymbolic situations in particular. In Experiment 1, human participants were exposed to a delay-discounting task in which rewards were presented using dots to represent monetary rewards (nonsymbolic); under this condition the magnitude effect did not occur. Nevertheless, the magnitude effect was observed when equivalent reward amounts were presented using numbers (symbolic). Moreover, in estimation tasks, magnitude increments produced underestimation of large amounts. In Experiment 2, participants were exposed only to the nonsymbolic discounting task and were required to estimate reward amounts in each trial. Consistent with Experiment 1, the absence of numbers representing reward amounts produced similar discount rates of small and large rewards. These results suggest that value of nonsymbolic rewards is a nonlinear function of amount and that value attribution depends on perceived difference between the immediate and the delayed nonsymbolic rewards.

  10. Individual differences in delay discounting under acute stress: the role of trait perceived stress

    Directory of Open Access Journals (Sweden)

    Karolina M. Lempert

    2012-07-01

    Full Text Available Delay discounting refers to the reduction of the value of a future reward as the delay to that reward increases. The rate at which individuals discount future rewards varies as a function of both individual and contextual differences, and high delay discounting rates have been linked with problematic behaviors, including drug abuse and gambling. The current study investigated the effects of acute anticipatory stress on delay discounting, while considering two important factors: individual perceptions of stress and whether the stressful situation is future-focused or present-focused. Half of the participants experienced acute stress by anticipating giving a videotaped speech. This stress was either future-oriented (speech about future job or present-oriented (speech about physical appearance. They then performed a delay discounting task, in which they chose between smaller, immediate rewards and larger, delayed rewards. Their scores on the Perceived Stress Scale were also collected. The way in which one appraises a stressful situation interacts with acute stress to influence choices; under stressful conditions, delay discounting rate was highest in individuals with low perceived stress and lowest for individuals with high perceived stress. This result might be related to individual variation in reward responsiveness under stress. Furthermore, the time orientation of the task interacted with its stressfulness to affect the individual’s propensity to choose immediate rewards. These findings add to our understanding of the intermediary factors between stress and decision making.

  11. Solar prominences

    CERN Document Server

    Engvold, Oddbjørn

    2015-01-01

    This volume presents the latest research results on solar prominences, including new developments on e.g. chirality, fine structure, magnetism, diagnostic tools and relevant solar plasma physics. In 1875 solar prominences, as seen out of the solar limb, were described by P.A. Secchi in his book Le Soleil as "gigantic pink or peach-flower coloured flames". The development of spectroscopy, coronagraphy and polarimetry brought tremendous observational advances in the twentieth century. The authors present and discuss exciting new challenges (resulting from observations made by space and ground-based telescopes in the 1990s and the first decade of the 21st century) concerning the diagnostics of prominences, their formation, their life time and their eruption along with their impact in the heliosphere (including the Earth). The book starts with a general introduction of the prominence “object” with some historical background on observations and instrumentation. In the next chapter, the various forms of promine...

  12. Application analysis of solar total energy systems to the residential sector. Volume IV, market penetration. Final report

    Energy Technology Data Exchange (ETDEWEB)

    1979-07-01

    This volume first describes the residential consumption of energy in each of the 11 STES regions by fuel type and end-use category. The current and projected costs and availability of fossil fuels and electricity for the STES regions are reported. Projections are made concerning residential building construction and the potential market for residential STES. The effects of STES ownership options, institutional constraints, and possible government actions on market penetration potential were considered. Capital costs for two types of STES were determined, those based on organic Rankine cycle (ORC) heat engines and those based on flat plate, water-cooled photovoltaic arrays. Both types of systems utilized parabolic trough collectors. The capital cost differential between conventional and STE systems was calculated on an incremental cost per dwelling unit for comparison with projected fuel savings in the market penetration analysis. The market penetration analysis was planned in two phases, a preliminary analysis of each of the geographical regions for each of the STE systems considered; and a final, more precise analysis of those regions and systems showing promise of significant market penetration. However, the preliminary analysis revealed no geographical regions in which any of the STES considered promised to be competitive with conventional energy systems using utility services at the prices projected for future energy supplies in the residential market. Because no promising situations were found, the analysis was directed toward an examination of the parameters involved in an effort to identify those factors which make a residential STES less attractive than similar systems in the commercial and industrial areas. Results are reported. (WHK)

  13. Characterization of solar cells for space applications. Volume 7: Electrical characteristics of Spectrolab HEWAC BSF, textured, 10 ohm-cm, 225 micron solar cells as a function of intensity and temperature

    Science.gov (United States)

    Anspaugh, B. E.; Beckert, D. M.; Downing, R. G.; Miyahira, T. F.; Weiss, R. S.

    1979-01-01

    Electrical characteristics of Spectrolab HEWAC BSF, textured, 10 ohm cm, 225 micron solar cells are presented in graphical and tabular format as a function of solar illumination intensity and temperature.

  14. Characterization of solar cells for space applications. Volume 12: Electrical characteristics of Solarex BSF, 2-ohm-cm, 50-micron solar cells (1978 pilot line) as a function of intensity, temperature, and irradiation

    Science.gov (United States)

    Anspaugh, B. E.; Beckert, D. M.; Downing, R. G.; Miyahira, T. F.; Weiss, R. S.

    1980-01-01

    Electrical characteristics of Solarex back-surface-field, 2-ohm-cm, 50-micron N/P silicon solar cells are presented in graphical and tabular format as a function of solar illumination intensity, temperature, and irradiation.

  15. Performance and economics of residential solar space heating

    Energy Technology Data Exchange (ETDEWEB)

    Zehr, F.J.; Vineyard, T.A.; Barnes, R.W.; O' Neal, D.L.

    1982-11-01

    The performance and economics of residential solar space heating were studied for various locations in the contiguous United States. Common types of active and passive solar heating systems were analyzed with respect to an average-size, single-family house designed to meet or exceed the thermal requirements of the Department of Housing and Urban Development Minimum Property Standards (HUD-MPS). The solar systems were evaluated in seventeen cities to provide a broad range of climatic conditions. Active systems evaluated consist of air and liquid flat plate collectors with single- and double-glazing; passive systems include Trombe wall, water wall, direct gain, and sunspace systems. The active system solar heating performance was computed using the University of Wisconsin's F-CHART computer program. The Los Alamos Scientific Laboratory's Solar Load Ratio (SLR) method was employed to compute solar heating performance for the passive systems. Heating costs were computed with gas, oil, and electricity as backups and as conventional heating system fuels. Simple payback period, discounted payback period, and twenty year life cycle cost were computed for each system type, collector or glazing area, fuel, and city. The life cycle cost calculation for each system combination was made using a 2% discount rate and the Department of Energy's (DOE) suggested fuel escalation values. In addition, alternative life cycle costs were determined assuming federal and state income tax credits, financing charges, various discount rates, low and high cost extreme systems, and high fuel prices.

  16. Reliability of the Discounting Inventory: An extension into substance-use population

    Directory of Open Access Journals (Sweden)

    Malesza Marta

    2017-06-01

    Full Text Available Recent research introduced the Discounting Inventory that allows the measurement of individual differences in the delay, probabilistic, effort, and social discounting rates. The goal of this investigation was to determine several aspects of the reliability of the Discounting Inventory using the responses of 385 participants (200 non-smokers and 185 current-smokers. Two types of reliability are of interest. Internal consistency and test-retest stability. A secondary aim was to extend such reliability measures beyond the non-clinical participant. The current study aimed to measure the reliability of the DI in a nicotine-dependent individuals and non-nicotine-dependent individuals. It is concluded that the internal consistency of the DI is excellent, and that the test-retest reliability results suggest that items intended to measure three types of discounting were likely testing trait, rather than state, factors, regardless of whether “non-smokers” were included in, or excluded from, the analyses (probabilistic discounting scale scores being the exception. With these cautions in mind, however, the psychometric properties of the DI appear to be very good.

  17. A behavioral economic analysis of texting while driving: Delay discounting processes.

    Science.gov (United States)

    Hayashi, Yusuke; Miller, Kimberly; Foreman, Anne M; Wirth, Oliver

    2016-12-01

    The purpose of the present study was to examine an impulsive decision-making process underlying texting while driving from a behavioral economic perspective. A sample of 108 college students completed a novel discounting task that presented participants with a hypothetical scenario in which, after receiving a text message while driving, they rated the likelihood of replying to a text message immediately versus waiting to reply for a specific period of time. Participants also completed a delay discounting task in which they made repeated hypothetical choices between obtaining a larger amount of money available after a delay and an equal or lesser amount of money available immediately. The results show that the duration of the delay is a critical variable that strongly determines whether participants choose to wait to reply to a text message, and that the decrease in the likelihood of waiting as a function of delay is best described by a hyperbolic delay discounting function. The results also show that participants who self-reported higher frequency of texting while driving discounted the opportunity to reply to a text message at greater rates, whereas there was no relation between the rates of discounting of hypothetical monetary rewards and the frequency of texting while driving. The results support the conclusion that texting while driving is fundamentally an impulsive choice.

  18. Rats value time differently on equivalent foraging and delay-discounting tasks.

    Science.gov (United States)

    Carter, Evan C; Redish, A David

    2016-09-01

    All organisms have to consider consequences that vary through time. Theories explaining how animals handle intertemporal choice include delay-discounting models, in which the value of future rewards is discounted by the delay until receipt, and foraging models, which predict that decision-makers maximize rate of reward. We measured the behavior of rats on a 2-option delay-discounting task and a stay/go foraging task that were equivalent for rate of reward and physical demand. Despite the highly shared features of the tasks, rats were willing to wait much longer on the foraging task than on the delay-discounting task. Moreover, choice performance by rats was less optimal in terms of total reward received on the foraging task compared to the delay-discounting task. We applied a suite of intertemporal choice models to the data but found that we needed a novel model incorporating interactions of decision-making systems to successfully explain behavior. Our findings (a) highlight the importance of factors that historically have been seen as irrelevant and (b) indicate the inadequacy of current general theories of intertemporal choice. (PsycINFO Database Record

  19. An alternative approach to calculating Area-Under-the-Curve (AUC) in delay discounting research.

    Science.gov (United States)

    Borges, Allison M; Kuang, Jinyi; Milhorn, Hannah; Yi, Richard

    2016-09-01

    Applied to delay discounting data, Area-Under-the-Curve (AUC) provides an atheoretical index of the rate of delay discounting. The conventional method of calculating AUC, by summing the areas of the trapezoids formed by successive delay-indifference point pairings, does not account for the fact that most delay discounting tasks scale delay pseudoexponentially, that is, time intervals between delays typically get larger as delays get longer. This results in a disproportionate contribution of indifference points at long delays to the total AUC, with minimal contribution from indifference points at short delays. We propose two modifications that correct for this imbalance via a base-10 logarithmic transformation and an ordinal scaling transformation of delays. These newly proposed indices of discounting, AUClog d and AUCor d, address the limitation of AUC while preserving a primary strength (remaining atheoretical). Re-examination of previously published data provides empirical support for both AUClog d and AUCor d . Thus, we believe theoretical and empirical arguments favor these methods as the preferred atheoretical indices of delay discounting.

  20. Economic rate of discount and estimating cost benefit of viral immunisation programmes.

    Science.gov (United States)

    West, R R

    1999-01-01

    Many individual and societal decisions over purchase (or investment) involve consideration of timing, in that either the price may be paid now and the benefit enjoyed some time in the future or the converse the benefit enjoyed now and the price paid later. Since most individuals generally prefer the present to the future, economic theory has conventionally discounted future costs or benefits to estimate 'net present values'. The rationale for this is principally based on future uncertainty. In recent years, economists have turned their attention to valuing health as an economic 'good'. Observations of individual behaviour would imply that individuals discount future health, as other potential benefits, mostly because there is some uncertainty about their futures. Although economic theory is strongly predicated on the 'sovereignty of the individual', it does not necessarily follow that society discounts the future as do individuals, since for society the future is not so uncertain. Society's endorsement of many public health and preventive medicine objectives, which seek health gains in the future (rather than the present), imply that society's rate of discount may be appreciably lower than that of individuals. In immunisation, arguably one of the most effective of preventive measures, there is the additional benefit to others attributable to herd immunity. This paper argues that the future health gains for society arising from immunisation should not be underestimated by application of inappropriate discounting.

  1. Exploratory study on the effect of discount pricing strategies for new product introduction

    Science.gov (United States)

    Mat Zaib, Nurul Afiqah; Bazin, Nor Erne Nazira; Mustaffa, Noorfa Haszlinna

    2013-04-01

    Rapid introduction of new product into the market has resulted in growing competition between retailers. Nowadays, retailers compete with one another in order to increase revenue and to maintain their position in the marketplace. This situation has forced the retailers to enhance their strategic management as well as creating competitive advantages. Generally, this situation can be observed in highly demanded product such as fashion goods and high technology electronic devices (smart phone, notebook). The consequence from the intense competition and new product introduction is difficulties in retailers pricing management. Retailers are now facing with complexity in making decisions on suitable pricing strategies and discount level for new product in association with the product life cycle. Thus, this research aims to investigate the suitable discount pricing strategies that can be integrated in every phase of product life cycle. This paper presents relationships between the discount pricing and the stages in the product life cycle in the form of conceptual diagram and mathematical expression. A system dynamic approach is used for developing the conceptual diagram and formulating the mathematical expression for the discount pricing strategies to visualize the relationship between discount pricing and product life cycle.

  2. Temporal discounting of rewards in patients with bipolar disorder and schizophrenia.

    Science.gov (United States)

    Ahn, Woo-Young; Rass, Olga; Fridberg, Daniel J; Bishara, Anthony J; Forsyth, Jennifer K; Breier, Alan; Busemeyer, Jerome R; Hetrick, William P; Bolbecker, Amanda R; O'Donnell, Brian F

    2011-11-01

    Patients with bipolar disorder (BD) and schizophrenia (SZ) often show decision-making deficits in everyday circumstances. A failure to appropriately weigh immediate versus future consequences of choices may contribute to these deficits. We used the delay discounting task in individuals with BD or SZ to investigate their temporal decision making. Twenty-two individuals with BD, 21 individuals with SZ, and 30 healthy individuals completed the delay discounting task along with neuropsychological measures of working memory and cognitive function. Both BD and SZ groups discounted delayed rewards more steeply than did the healthy group even after controlling for current substance use, age, gender, and employment. Hierarchical multiple regression analyses showed that discounting rate was associated with both diagnostic group and working memory or intelligence scores. In each group, working memory or intelligence scores negatively correlated with discounting rate. The results suggest that (a) both BD and SZ groups value smaller, immediate rewards more than larger, delayed rewards compared with the healthy group and (b) working memory or intelligence is related to temporal decision making in individuals with BD or SZ as well as in healthy individuals.

  3. An Inventory Model with Finite Replenishment Rate, Trade Credit Policy and Price-Discount Offer

    Directory of Open Access Journals (Sweden)

    Biswajit Sarkar

    2013-01-01

    Full Text Available When some suppliers offer trade credit periods and price discounts to retailers in order to increase the demand of their products, retailers have to face different types of discount offers and credits within which they have to take a decision which is the best offer for them to make more profit. The retailers try to buy perfect-quality items at a reasonable price, and also they try to invest returns obtained by selling those items in such a manner that their business is not hampered. In this point of view, we consider an economic order quantity (EOQ model for various types of time-dependent demand when delay in payment and price discount are permitted by suppliers to retailers. The models of various demand patterns are discussed analytically. Some numerical examples and graphical representations are considered to illustrate the model.

  4. Discounted continuous-time constrained Markov decision processes in Polish spaces

    CERN Document Server

    Guo, Xianping; 10.1214/10-AAP749

    2012-01-01

    This paper is devoted to studying constrained continuous-time Markov decision processes (MDPs) in the class of randomized policies depending on state histories. The transition rates may be unbounded, the reward and costs are admitted to be unbounded from above and from below, and the state and action spaces are Polish spaces. The optimality criterion to be maximized is the expected discounted rewards, and the constraints can be imposed on the expected discounted costs. First, we give conditions for the nonexplosion of underlying processes and the finiteness of the expected discounted rewards/costs. Second, using a technique of occupation measures, we prove that the constrained optimality of continuous-time MDPs can be transformed to an equivalent (optimality) problem over a class of probability measures. Based on the equivalent problem and a so-called $\\bar{w}$-weak convergence of probability measures developed in this paper, we show the existence of a constrained optimal policy. Third, by providing a linear ...

  5. Models of Temporal Discounting 1937-2000: An Interdisciplinary Exchange between Economics and Psychology.

    Science.gov (United States)

    Grüne-Yanoff, Till

    2015-12-01

    Today's models of temporal discounting are the result of multiple interdisciplinary exchanges between psychology and economics. Although these exchanges did not result in an integrated discipline, they had important effects on all disciplines involved. The paper describes these exchanges from the 1930s onwards, focusing on two episodes in particular: an attempted synthesis by psychiatrist George Ainslie and others in the 1970s; and the attempted application of this new discounting model by a generation of economists and psychologists in the 1980s, which ultimately ended in the diversity of measurements disappointment. I draw four main conclusions. First, multiple notions of temporal discounting must be conceptually distinguished. Second, behavioral economics is not an integration or unification of psychology and economics. Third, the analysis identifies some central disciplinary markers that distinguish modeling strategies in economics and psychology. Finally, it offers a case of interdisciplinary success that does not fit the currently dominant account of interdisciplinarity as integration.

  6. A discount ordering strategy in two-level supply chain: A case study of textile industry

    Directory of Open Access Journals (Sweden)

    Laleh Tashakori

    2012-10-01

    Full Text Available Supplier selection, inventory management and optimal lot sizing has been one of the most important issues in many industries especially in production planning issues associated with texture industry. The proposed model of this paper first introduces an algorithm to choose the best supplier and it determines the optimal lot size using discount strategy. The proposed model of this paper considers different influencing factors such as location, quality of materials, cost, and mutual trust for supplier selection, determines their relative importance weights and then a discounting method is used to determine the ordering lot-size. The preliminary results indicate that the proposed model of this paper can be implemented in texture industry, very efficiently since the ordering discount policy is not sensitive to changes on inventory holding and setup expenditures.

  7. Introducing Upfront Money Can Decrease Discounting in Intertemporal Choices with Losses.

    Science.gov (United States)

    Jiang, Cheng-Ming; Sun, Hong-Yue; Zheng, Sheng-Hua; Wang, Liang-Jun; Qin, Yu

    2016-01-01

    People generally tend to advance gains and postpone losses in intertemporal choice. Jiang et al. (2014) recently showed that adding upfront losses or gains to both smaller and sooner (SS) and larger and later (LL) rewards can decrease people's discounting. To account for this decrease, they proposed the salience hypothesis, which states that introducing upfront losses or gains makes the money dimension more salient than not, thus increasing people's preference for LL rewards. Considering that decreasing the discounting of delayed losses is imperative and that most previous studies have focused on intertemporal choices with gains, in the current paper we conducted two experiments and used hypothetical money outcomes to examine whether the effect of upfront money could be extended to intertemporal choices with losses. The results showed that when both SS and LL intertemporal losses were combined with an upfront loss or gain, people's discounting rate decreased and the preference for the SS option increased. This finding further supports the salience account.

  8. Delay Discounting as an Index of Sustainable Behavior: Devaluation of Future Air Quality and Implications for Public Health.

    Science.gov (United States)

    Berry, Meredith S; Nickerson, Norma P; Odum, Amy L

    2017-09-01

    Poor air quality and resulting annual deaths represent significant public health concerns. Recently, rapid delay discounting (the devaluation of future outcomes) of air quality has been considered a potential barrier for engaging in long term, sustainable behaviors that might help to reduce emissions (e.g., reducing private car use, societal support for clean air initiatives). Delay discounting has been shown to be predictive of real world behavior outside of laboratory settings, and therefore may offer an important framework beyond traditional variables thought to measure sustainable behavior such as importance of an environmental issue, or environmental attitudes/values, although more research is needed in this area. We examined relations between discounting of air quality, respiratory health, and monetary gains and losses. We also examined, relations between discounting and self-reported importance of air quality and respiratory health, and nature relatedness. Results showed rapid delay discounting of all outcomes across the time frames assessed, and significant positive correlations between delay discounting of air quality, respiratory health, and monetary outcomes. Steeper discounting of monetary outcomes relative to air quality and respiratory health outcomes was observed in the context of gains; however, no differences in discounting were observed across losses of monetary, air quality, and respiratory health. Replicating the sign effect, monetary outcomes were discounted more steeply than monetary losses. Importance of air quality, respiratory health and nature relatedness were significantly and positively correlated with one another, but not with degree of delay discounting of any outcome, demonstrating the need for more comprehensive measures that predict pro-environmental behaviors that might benefit individuals and public health over time. These results add to our understanding of decision-making, and demonstrate alarming rates of delay discounting of

  9. Tobacco demand, delay discounting, and smoking topography among smokers with and without psychopathology.

    Science.gov (United States)

    Farris, Samantha G; Aston, Elizabeth R; Abrantes, Ana M; Zvolensky, Michael J

    2017-10-01

    Tobacco demand (i.e., relative value attributed to a given reinforcer) and delay discounting (i.e., relative preference for smaller immediate rewards over larger delayed rewards) are two behavioral economic processes that are linked to the progression of problematic substance use. These processes have not been studied among those with psychopathology, a vulnerable group of smokers. The current study examined differences in tobacco demand and delay discounting, and their association with smoking topography among smokers with (n=43) and without (n=64) past-year psychopathology. Adult daily smokers (n=107,Mage=43.5; SD=9.7) participated in a study on "smoking behavior." Past-year psychological disorders were assessed via a clinician-administered diagnostic assessment. All subjects participated in an ad libitum smoking trial and then completed an assessment of delay discounting (Monetary Choice Questionnaire) and tobacco demand (Cigarette Purchase Task) approximately 45-60min post-smoking. Smokers with psychopathology, compared to those without, had significantly higher demand intensity and maximum expenditure on tobacco (Omax), but did not differ on other demand indices or delay discounting. Smokers with psychopathology had shorter average inter-puff intervals and shorter time to cigarette completion than smokers without psychopathology. Tobacco demand and delay discounting measures were significantly intercorrelated among smokers with psychopathology, but not those without. Both behavioral economic measures were associated with specific aspects of smoking topography in smokers with psychopathology. The association between tobacco demand and delay discounting is evident among smokers with psychopathology and both measures were most consistently related to smoking behavior. Copyright © 2017 Elsevier B.V. All rights reserved.

  10. Delay discounting and impulsivity traits in young and older gambling disorder patients.

    Science.gov (United States)

    Steward, Trevor; Mestre-Bach, Gemma; Fernández-Aranda, Fernando; Granero, Roser; Perales, José C; Navas, Juan Francisco; Soriano-Mas, Carles; Baño, Marta; Fernández-Formoso, Jose A; Martín-Romera, Virginia; Menchón, José M; Jiménez-Murcia, Susana

    2017-08-01

    Impulsivity is understood to be a multidimensional construct involving aspects such as impulsive choice and impulsive traits. Delay discounting, the tendency to place greater value in immediate rewards over larger, long-term rewards, has been associated with maladaptive choices in gambling disorder (GD). Delay discounting is known to evolve with age; though no study to date has evaluated the interactions between impulsivity, GD severity and age in treatment-seeking patients. We aimed to examine whether associations between delay discounting and impulsivity traits differed between younger and older-aged GD patients. Secondly, we sought to untangle the mediating role of impulsivity in determining gambling behavior in these two age groups. GD patients (N=335) were evaluated using the UPPS-P Impulsive Behavior Scale and a delay discounting task. Structural Equation Modeling (SEM) was used to explore associations between impulsivity measures and gambling severity in young (18-30years) and old (31-70) GD patients. No differences in delay discounting were found between young and old GD patients. Significant correlations between delay discounting and urgency levels (the tendency to act rashly under emotional states) were identified only in the young GD group. Path analyses also revealed both positive and negative urgency to be a mediator of GD severity levels in young GD patients. Significant associations between impulsive choice and positive urgency are only present in young gamblers, suggesting that positive urgency influence choice behavior to a greater degree at younger ages. Implications for targeted interventions are discussed. Copyright © 2017 Elsevier Ltd. All rights reserved.

  11. Effect of discounting on estimation of benefits determined by hepatitis C treatment

    Institute of Scientific and Technical Information of China (English)

    Andrea Messori; Valeria Fadda; Dario Maratea; Sabrina Trippoli

    2012-01-01

    The combination of either boceprevir or telaprevir with ribavirin and interferon (triple therapy) has been shown to be more effective than ribavirin+interferon (dual therapy) for the treatment of genotype 1 hepatitis C.Since the benefit of these treatments takes place after years,simulation models are needed to predict long-term outcomes.In simulation models,the choice of different values of yearly discount rates (e.g.,6%,3.5%,2%,1.5% or 0%) influences the results,but no studies have specifically addressed this issue.We examined this point by determining the long-term benefits under different conditions on the basis of standard modelling and using quality-adjusted life years (QALYs) to quantify the benefits.In our base case scenario,we compared the long-term benefit between patients given a treatment with a 40% sustained virologic response (SVR) (dual therapy) and patients given a treatment with a 70% SVR (triple therapy),and we then examined how these specific yearly discount rates influenced the incremental benefit.The gain between a 70% SVR and a 40% SVR decreased from 0.45 QALYs with a 0% discount rate to 0.22 QALYs with a 6%discount rate (ratio between the two values =2.04).Testing the other discounting assumptions confirmed that the discount rate has a marked impact on the magnitude of the model-estimated incremental benefit.In conclusion,the results of our analysis can be helpful to better interpret cost-effectiveness studies evaluating new treatment for hepatitis C.

  12. Towards The Resolution Of The Solar Neutrino Problem

    CERN Document Server

    Friedland, A

    2000-01-01

    A number of experiments have accumulated over the years a large amount of solar neutrino data. The data indicate that the observed solar neutrino flux is significantly smaller than expected and, furthermore, that the electron neutrino survival probability is energy dependent. This “solar neutrino problem” is best solved by assuming that the electron neutrino oscillates into another neutrino species. Even though one can classify the solar neutrino deficit as strong evidence for neutrino oscillations, it is not yet considered a definitive proof. Traditional objections are that the evidence for solar neutrino oscillations relies on a combination of hard, different experiments, and that the Standard Solar Model (SSM) might not be accurate enough to precisely predict the fluxes of different solar neutrino components. Even though it seems unlikely that modifications to the SSM alone can explain the current solar neutrino data, one still cannot completely discount the possibility that a combinati...

  13. Discounting and per diem arrangements lock in patient referrals. Part 2.

    Science.gov (United States)

    Porn, L; Manning, M

    1988-02-01

    Discounting and per diem arrangements are the most popular payment methods used by hospitals today because they are relatively simple methods. A properly negotiated discount or per diem contract can provide a hospital with the opportunity to lock in patient referrals from the many healthcare providers in its local markets. This article is the second in a three-part series on the strategic pricing of healthcare services. The final article discusses the intricacies of capitation arrangements, an increasingly popular payment method for healthcare services.

  14. Reinforcement learning for discounted values often loses the goal in the application to animal learning.

    Science.gov (United States)

    Yamaguchi, Yoshiya; Sakai, Yutaka

    2012-11-01

    The impulsive preference of an animal for an immediate reward implies that it might subjectively discount the value of potential future outcomes. A theoretical framework to maximize the discounted subjective value has been established in the reinforcement learning theory. The framework has been successfully applied in engineering. However, this study identified a limitation when applied to animal behavior, where in some cases, there is no learning goal. Here a possible learning framework was proposed that is well-posed in any cases and that is consistent with the impulsive preference.

  15. Cash flow and discount rate risk in up and down markets: What is actually priced?

    OpenAIRE

    Botshekan, M.; Kraeussl, R.G.W.; Lucas, A

    2010-01-01

    This discussion paper resulted in a publication in the 'Journal of Financial and Quantitative Analysis', 2012, 47(6), 1279-1301. We test whether asymmetric preferences for losses versus gains as in Ang, Chen, and Xing (2006) also affect the pricing of cash flow versus discount rate news as in Campbell and Vuolteenaho (2004). We construct a new four-fold beta decomposition, distinguishing cash flow and discount rate betas in up and down markets. Using CRSP data over 1963--2008, we find that th...

  16. Fisica solare

    CERN Document Server

    Degl’Innocenti, Egidio Landi

    2008-01-01

    Il volume è un'introduzione alla Fisica Solare che si propone lo scopo di illustrare alla persona che intende avvicinarsi a questa disciplina (studenti, dottori di ricerca, ricercatori) i meccanismi fisici che stanno alla base della complessa fenomenologia osservata sulla stella a noi più vicina. Il volume non ha la pretesa di essere esauriente (basta pensare che la fisica solare spazia su un gran numero di discipline, quali la Fisica Nucleare, la Termodinamica, L'Elettrodinamica, la Fisica Atomica e Molecolare, la Spettoscopia in tutte le bande dello spettro elettromagnetico, la Magnetoidrodinamica, la Fisica del Plasma, lo sviluppo di nuova strumentazione, l'Ottica, ecc.). Piuttosto, sono stati scelti un numero di argomenti di rilevanza fondamentale nello studio presente del Sole (soprattutto nei riguardi delle osservazioni da terra con grandi telescopi) e su tali argomenti si è cercato di dare una panoramica generale, inclusiva dell'evoluzione storica, senza scendere in soverchi dettagli. Siccome la Fis...

  17. Grid-connected distributed solar power systems

    Science.gov (United States)

    Moyle, R.; Chernoff, H.; Schweizer, T.

    This paper discusses some important, though often ignored, technical and economic issues of distributed solar power systems: protection of the utility system and nonsolar customers requires suitable interfaced equipment. Purchase criteria must mirror reality; most analyses use life-cycle costing with low discount rates - most buyers use short payback periods. Distributing, installing, and marketing small, distributed solar systems is more costly than most analyses estimate. Results show that certain local conditions and uncommon purchase considerations can combine to make small, distributed solar power attractive, but lower interconnect costs (per kW), lower marketing and product distribution costs, and more favorable purchase criteria make large, centralized solar energy more attractive. Specifically, the value of dispersed solar systems to investors and utilities can be higher than $2000/kw. However, typical residential owners place a value of well under $1000 on the installed system.

  18. Solar Neutrinos

    Science.gov (United States)

    Davis, R. Jr.; Harmer, D. S.

    1964-12-01

    The prospect of studying the solar energy generation process directly by observing the solar neutrino radiation has been discussed for many years. The main difficulty with this approach is that the sun emits predominantly low energy neutrinos, and detectors for observing low fluxes of low energy neutrinos have not been developed. However, experimental techniques have been developed for observing neutrinos, and one can foresee that in the near future these techniques will be improved sufficiently in sensitivity to observe solar neutrinos. At the present several experiments are being designed and hopefully will be operating in the next year or so. We will discuss an experiment based upon a neutrino capture reaction that is the inverse of the electron-capture radioactive decay of argon-37. The method depends upon exposing a large volume of a chlorine compound, removing the radioactive argon-37 and observing the characteristic decay in a small low-level counter.

  19. A Tutorial on the Use of Excel 2010 and Excel for Mac 2011 for Conducting Delay-Discounting Analyses

    Science.gov (United States)

    Reed, Derek D.; Kaplan, Brent A.; Brewer, Adam T.

    2012-01-01

    In recent years, researchers and practitioners in the behavioral sciences have profited from a growing literature on delay discounting. The purpose of this article is to provide readers with a brief tutorial on how to use Microsoft Office Excel 2010 and Excel for Mac 2011 to analyze discounting data to yield parameters for both the hyperbolic…

  20. 26 CFR 1.6049-7T - Market discount fraction reported with other financial information with respect to REMICs and...

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 13 2010-04-01 2010-04-01 false Market discount fraction reported with other financial information with respect to REMICs and collateralized debt obligations (temporary). 1.6049-7T... TAX (CONTINUED) INCOME TAXES Information Returns § 1.6049-7T Market discount fraction reported...

  1. 12 CFR 614.4130 - Funding and discount relationships between Farm Credit Banks or agricultural credit banks and OFIs.

    Science.gov (United States)

    2010-01-01

    ... CREDIT ADMINISTRATION FARM CREDIT SYSTEM LOAN POLICIES AND OPERATIONS Bank/Association Lending... direct loan or discounts, shall be consistent with the Farm Credit Bank's or agricultural credit bank's... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Funding and discount relationships between...

  2. Discounting of money and sex: effects of commodity and temporal position in stimulant-dependent men and women.

    Science.gov (United States)

    Jarmolowicz, David P; Landes, Reid D; Christensen, Darren R; Jones, Bryan A; Jackson, Lisa; Yi, Richard; Bickel, Warren K

    2014-11-01

    Research on delay discounting has contributed to the understanding of numerous addiction-related phenomena. For example, studies have shown that substance dependent individuals discount their addictive substances (e.g., cocaine) more rapidly than they do other commodities (e.g., money). Recent research has shown that substance dependent individuals discount delayed sex more rapidly than delayed money, and their discounting rates for delayed sex were higher than those of non-addicted individuals. The particular reason that delay discounting rates for sex are higher than those for money, however, are unclear. Do individuals discount delayed sex rapidly because immediate sex is particularly appealing or because delayed sex does not retain its value? Moreover, do the same factors influence men and women's choices? The current study examined delay discounting in four conditions (money now versus money later; sex now versus sex later; money now, versus sex later; sex now versus money later) in cocaine dependent men and women. The procedures used isolated the role of the immediate versus delayed commodity. For men, the higher rates of delay discounting for sex were because delayed sex did not retain its value, whereas both the immediate and delayed commodity influenced the female participants' decisions. Copyright © 2014 Elsevier Ltd. All rights reserved.

  3. Delay Discounting Rates Are Temporally Stable in an Equivalent Present Value Procedure Using Theoretical and Area under the Curve Analyses

    Science.gov (United States)

    Harrison, Justin; McKay, Ryan

    2012-01-01

    Temporal discounting rates have become a popular dependent variable in social science research. While choice procedures are commonly employed to measure discounting rates, equivalent present value (EPV) procedures may be more sensitive to experimental manipulation. However, their use has been impeded by the absence of test-retest reliability data.…

  4. 78 FR 65430 - Notice of Rate To Be Used for Federal Debt Collection, and Discount and Rebate Evaluation

    Science.gov (United States)

    2013-10-31

    ...-effectiveness of a cash discount. In addition, this rate is to be used in determining when agencies should pay...: The rate reflects the current value of funds to the Treasury for use in connection with Federal Cash... Fiscal Service Notice of Rate To Be Used for Federal Debt Collection, and Discount and Rebate...

  5. Strategy iteration is strongly polynomial for 2-player turn-based stochastic games with a constant discount factor

    DEFF Research Database (Denmark)

    Hansen, Thomas Dueholm; Miltersen, Peter Bro; Zwick, Uri

    2011-01-01

    Ye showed recently that the simplex method with Dantzig pivoting rule, as well as Howard's policy iteration algorithm, solve discounted Markov decision processes (MDPs), with a constant discount factor, in strongly polynomial time. More precisely, Ye showed that both algorithms terminate after at......-sum rewards. This provides the first strongly polynomial algorithm for solving these games, resolving a long standing open problem....... iterations. Second, and more importantly, we show that the same bound applies to the number of iterations performed by the strategy iteration (or strategy improvement) algorithm, a generalization of Howard's policy iteration algorithm used for solving 2-player turn-based stochastic games with discounted zero......Ye showed recently that the simplex method with Dantzig pivoting rule, as well as Howard's policy iteration algorithm, solve discounted Markov decision processes (MDPs), with a constant discount factor, in strongly polynomial time. More precisely, Ye showed that both algorithms terminate after...

  6. Effects of episodic future thinking on discounting: Personalized age-progressed pictures improve risky long-term health decisions.

    Science.gov (United States)

    Kaplan, Brent A; Reed, Derek D; Jarmolowicz, David P

    2016-03-01

    Many everyday choices are associated with both delayed and probabilistic outcomes. The temporal attention hypothesis suggests that individuals' decision making can be improved by focusing attention on temporally distal events and implies that environmental manipulations that bring temporally distal outcomes into focus may alter an individual's degree of discounting. One such manipulation, episodic future thinking, has shown to lower discount rates; however, several questions remain about the applicability of episodic future thinking to domains other than delay discounting. The present experiments examine the effects of a modified episodic-future-thinking procedure in which participants viewed age-progressed computer-generated images of themselves and answered questions related to their future, on probability discounting in the context of both a delayed health gain and loss. Results indicate that modified episodic future thinking effectively altered individuals' degree of discounting in the predicted directions and demonstrate the applicability of episodic future thinking to decision making of socially significant outcomes.

  7. Extent of Drug Coverage across Generic Drug Discount Programs offered by Community Pharmacies: A look at five Chronic Conditions

    Directory of Open Access Journals (Sweden)

    Harshali K. Patel, MS

    2012-01-01

    Full Text Available Background: Chronic conditions are expensive to treat because of the ongoing prescription cost burden. Generic drug discount programs (GDDPs that offer generics at discounted price may prove beneficial to reduce pharmacy costs for the same.Objective: The objective of this study was to assess the extent to which GDDPs provide drug coverage for five common chronic conditions.Methods: A content analyses of preexisting information was conducted. Extent of coverage based on top 200 generic drugs prescribed during 2008 for the treatment of chronic conditions such as hypertension, mental disorders, arthritis, pulmonary/respiratory conditions, and diabetes were identified. Commonly prescribed medications for these diseases were identified using published peer reviewed clinical guidelines. List of drugs covered under a GDDP for stores, Wal-Mart, Walgreens, CVS, Kroger, HEB, Target, and Randalls were obtained and compared to assess drug coverage by retail dollar sales and sales volume. Descriptive statistics and frequency/percentage of coverage were reported using SAS 9.2.Results: GDDPs covered the highest number of drugs for hypertension (21-27 across different GDDPs and the least (3-5 across different GDDPs for pulmonary/respiratory conditions. Arthritis (5-11, mental disorders (6-11 and diabetes (5-7 had similar coverage. When compared to the top 200 drugs by retail dollars spent during 2008, hypertension (68%-87% and diabetes (63%-88% had the highest coverage followed by respiratory conditions (30%-50%, arthritis (22%-48%, and mental disorders (21%-38%. Similar result was obtained when GDDP coverage was compared with the top 200 generic drugs by sales volume, where diabetes (63-88% and hypertension (57%-74% had the highest coverage and mental disorders remained the lowest (23%-37%.Conclusion/Implications: Drug coverage in GDDPs varied by pharmacies across the five common chronic conditions evaluated which may limit accessibility of these programs for

  8. Temporal Discounting Is Associated with an Increased Risk of Mortality among Community-Based Older Persons without Dementia.

    Directory of Open Access Journals (Sweden)

    Patricia A Boyle

    Full Text Available Temporal discounting is an important determinant of many health and financial outcomes, but we are not aware of studies that have examined the association of temporal discounting with mortality.Participants were 406 older persons without dementia from the Rush Memory and Aging Project, a longitudinal cohort study of aging. Temporal discounting was measured using standard preference elicitation questions. Individual discount rates were estimated using a well-established hyperbolic function and used to predict the risk of mortality during up to 5 years of follow-up.The mean estimate of discounting was 0.45 (SD = 0.33, range: 0.08-0.90, with higher scores indicating a greater propensity to prefer smaller immediate rewards over larger but delayed ones. During up to 5 years of follow-up (mean = 3.6 years, 62 (15% of 406 persons died. In a proportional hazards model adjusted for age, sex, and education, temporal discounting was associated with an increased risk of mortality (HR = 1.103, 95% CI 1.024, 1.190, p = 0.010. Thus, a person with the highest discount rate (score = 0.90 was about twice more likely to die over the study period compared to a person with the lowest discount rate (score = 0.08. Further, the association of discounting with mortality persisted after adjustment for the level of global cognitive function, the burden of vascular risk factors and diseases, and an indicator of psychological well being (i.e., purpose in life.Temporal discounting is associated with an increased risk of mortality in old age after accounting for global cognitive function and indicators of physical and mental health.

  9. Ordering Cost Reduction in Inventory Model with Defective Items and Backorder Price Discount

    Directory of Open Access Journals (Sweden)

    Karuppuchamy Annadurai

    2014-01-01

    Full Text Available In the real market, as unsatisfied demands occur, the longer the length of lead time is, the smaller the proportion of backorder would be. In order to make up for the inconvenience and even the losses of royal and patient customers, the supplier may offer a backorder price discount to secure orders during the shortage period. Also, ordering policies determined by conventional inventory models may be inappropriate for the situation in which an arrival lot contains some defective items. To compensate for the inconvenience of backordering and to secure orders, the supplier may offer a price discount on the stockout item. The purpose of this study is to explore a coordinated inventory model including defective arrivals by allowing the backorder price discount and ordering cost as decision variables. There are two inventory models proposed in this paper, one with normally distributed demand and another with distribution free demand. A computer code using the software Matlab 7.0 is developed to find the optimal solution and present numerical examples to illustrate the models. The results in the numerical examples indicate that the savings of the total cost are realized through ordering cost reduction and backorder price discount.

  10. Consequences for welfare and pension buffers of alternative methods of discounting future pensions

    NARCIS (Netherlands)

    A. Bucciol; R.M.W.J. Beetsma

    2011-01-01

    We explore the implications of alternative methods of discounting future pension outlays for the valuation of funded pension liabilities. Measured liabilities affect the asset-liability ratio of pension funds and, thereby, their policies. Our framework for analysis is an applied many-generation OLG

  11. 26 CFR 1.132-3T - Qualified employee discount-1985 through 1988 (temporary).

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 2 2010-04-01 2010-04-01 false Qualified employee discount-1985 through 1988 (temporary). 1.132-3T Section 1.132-3T Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY....132-3T Qualified employee discount—1985 through 1988 (temporary). (a) In general—(1) Definition....

  12. The methodology of modern macroeconomics and the descriptive approach to discounting: a thougt experiment

    NARCIS (Netherlands)

    K. Vermeylen

    2013-01-01

    Critics of modern macroeconomics often raise concerns about unwarranted welfare conclusions and data mining. This paper illustrates these concerns with a thought experiment, based on the debate in environmental economics about the appropriate discount rate in climate change analyses: I set up an eco

  13. Victims' time discounting 2.5 years after the Wenchuan earthquake: an ERP study.

    Directory of Open Access Journals (Sweden)

    Jin-Zhen Li

    Full Text Available BACKGROUND: Time discounting refers to the fact that the subjective value of a reward decreases as the delay until its occurrence increases. The present study investigated how time discounting has been affected in survivors of the magnitude-8.0 Wenchuan earthquake that occurred in China in 2008. METHODOLOGY: Nineteen earthquake survivors and 22 controls, all school teachers, participated in the study. Event-related brain potentials (ERPs for time discounting tasks involving gains and losses were acquired in both the victims and controls. FINDINGS: The behavioral data replicated our previous findings that delayed gains were discounted more steeply after a disaster. ERP results revealed that the P200 and P300 amplitudes were increased in earthquake survivors. There was a significant group (earthquake vs. non-earthquake × task (gain vs. loss interaction for the N300 amplitude, with a marginally significantly reduced N300 for gain tasks in the experimental group, which may suggest a deficiency in inhibitory control for gains among victims. CONCLUSIONS: The results suggest that post-disaster decisions might involve more emotional (System 1 and less rational thinking (System 2 in terms of a dual-process model of decision making. The implications for post-disaster intervention and management are also discussed.

  14. On the distribution of discounted loss reserves using generalized linear models

    NARCIS (Netherlands)

    Hoedemakers, T.; Beirlant, J.; Goovaerts, M.J.; Dhaene, J.

    2005-01-01

    Renshaw and Verrall [11] specified the generalized linear model (GLM) underlying the chain-ladder technique and suggested some other GLMs which might be useful in claims reserving. The purpose of this paper is to construct bounds for the discounted loss reserve within the framework of GLMs. Exact

  15. Determining Optimal Discount Policies for a Supplier in B2B Relationships

    DEFF Research Database (Denmark)

    Buhayenko, Viktoryia; van Eikenhorst, Erik

    This research studies which discounts a supplier needs to offer to give incentive to his customers to change their order patterns in a way that minimizes the supplier's total cost. Savings for the supplier arise from reduction of set up and inventory cost. Customers also profit from this since...

  16. Using Proactivity, Time Discounting, and the Theory of Planned Behavior to Identify Predictors of Retirement Planning

    Science.gov (United States)

    Griffin, Barbara; Loe, David; Hesketh, Beryl

    2012-01-01

    This study developed and tested a model to identify the predictors of retirement planning based on an extension of the theory of planned behavior ([TPB], Ajzen, 1991) that included individual differences in proactivity and time discounting. The results showed that personal attitudes, sense of control, social influence, and stable traits have a…

  17. Delay discounting, risk-taking, and rejection sensitivity among individuals with Internet and Video Gaming Disorders

    Science.gov (United States)

    Weinstein, Aviv; Abu, Hodaya Ben; Timor, Ayelet; Mama, Yaniv

    2016-01-01

    Background and aims There is a previous evidence for impulsivity in individuals with Internet and Video Gaming Disorders. The aim of this study was to examine whether Internet and video game addictions are associated with experiential delay discounting, risk-taking, and sensitivity to social rejection using computerized tasks and questionnaires. Methods Twenty participants (mean age 24, SD = 1.55) with high score on the Problematic Online Gaming Questionnaire (POGQ) were compared with 20 participants (mean age 24.8, SD = 1.34) with low score on the POGQ. They performed on computerized Balloon Analog Risk Task and Experiential Delay discounting Task (EDT), and filled in the sensitivity to social rejection questionnaire. Results Participants with high POGQ scores had lower measures of delay discounting, higher measures of risk-taking, and higher measures of sensitivity to social rejection compared with participants with low POGQ scores. Discussion The results of this study support the previous evidence of risk-taking and provide new evidence for difficulties in delay discounting and sensitivity to social rejection among those who score high on Internet and video games. Conclusions The results suggest that Internet- and video game-addicted individuals seek immediate gratification and cannot wait for later reward. Furthermore, these individuals spend time in the virtual world, where they feel safe, and avoid social interactions presumably due to fears of social rejection. PMID:27958761

  18. The Nev MassConsumption Consumers Want More——at a Discount

    Institute of Scientific and Technical Information of China (English)

    2012-01-01

    Before the financial crisis hit, consumers used to enjoy shopping for discount bargains at mass merchants like Target and Walmart all across the country. Consistently low prices meant consumers did not even feel like they were splurging on everything from apparel to gardening supplies.

  19. The Effects of Reduced Cigarette Smoking on Discounting Future Rewards: An Initial Evaluation

    Science.gov (United States)

    Yi, Richard; Johnson, Matthew W.; Giordano, Louis A.; Landes, Reid D.; Badger, Gary J.; Bickel, Warren K.

    2008-01-01

    To determine whether reduction of smoking via contingency management in dependent smokers would decrease the discounting of delayed reinforcers compared with smokers who did not reduce their smoking, moderate to heavy cigarette smokers were randomly assigned to one of two conditions: a contingency management condition and a control condition. In…

  20. Wait for It: Delay-Discounting and Academic Performance among an Irish Adolescent Sample

    Science.gov (United States)

    Freeney, Yseult; O'Connell, Michael

    2010-01-01

    Beyond cognitive ability and family background, are there other significant determinants of educational attainment? From research in psychology, economics, education and criminology, one powerful influence is the ability to delay gratification, operationalised in this paper as "delay-discounting". It is intuitively plausible that the ability to…

  1. Food reinforcement and delay discounting in zBMI-discordant siblings

    Science.gov (United States)

    The interaction of food reinforcement and the inability to delay gratification are related to adult energy intake and obesity. This study was designed to test the association of sibling pair differences in relative reinforcing efficacy of food and delay discounting on sibling pair differences in zBM...

  2. Delay discounting task in pigs reveals response strategies related to dopamine metabolite.

    Science.gov (United States)

    Melotti, Luca; Thomsen, Liat Romme; Toscano, Michael J; Mendl, Michael; Held, Suzanne

    2013-08-15

    We developed a novel delay discounting task to investigate outcome impulsivity in pigs. As impulsivity can affect aggression, and might also relate to proactive and reactive coping styles, eight proactive (HR) and eight reactive (LR) pigs identified in a manual restraint test ("Backtest", after Bolhuis et al., 2003) were weaned and mixed in four pens of four unfamiliar pigs, so that each pen had two HR and two LR pigs, and aggression was scored in the 9h after mixing. In the delay discounting task, each pig chose between two levers, one always delivering a small immediate reward, the other a large delayed reward with daily increasing delays, impulsive individuals being the ones discounting the value of the large reward quicker. Two novel strategies emerged: some pigs gradually switched their preference towards the small reward ('Switchers') as predicted, but others persistently preferred the large reward until they stopped making choices ('Omitters'). Outcome impulsivity itself was unrelated to these strategies, to urinary serotonin metabolite (5-HIAA) or dopamine metabolite (HVA) levels, aggression at weaning, or coping style. However, HVA was relatively higher in Omitters than Switchers, and positively correlated with behavioural measures of indecisiveness and frustration during choosing. The delay discounting task thus revealed two response strategies that seemed to be related to the activity of the dopamine system and might indicate a difference in execution, rather than outcome, impulsivity.

  3. Decreased frontal, striatal and cerebellar activation in adults with ADHD during an adaptive delay discounting task.

    Science.gov (United States)

    Ortiz, Nick; Parsons, Aisling; Whelan, Robert; Brennan, Katie; Agan, Maria L F; O'Connell, Redmond; Bramham, Jessica; Garavan, Hugh

    2015-01-01

    An important characteristic of childhood attention-deficit/hyperactivity disorder (ADHD) is a bias towards small immediate versus larger delayed rewards, but it is not known if this symptom is also a feature of adult ADHD. A delay-discounting task was administered to participants with adult ADHD and a comparison group in conjunction with functional magnetic resonance imaging. Participants responded to a series of questions that required judgments between small sums of money available immediately and larger sums obtained after a temporal delay. Question parameters were adjusted by an adaptive algorithm designed to converge on each participant's discounting indifference point, an individual set point at which there is equal valuation of both choices. In all participants, robust task activation was observed in regions previously identified in functional imaging studies of delay discounting. However, adults with ADHD showed less task activation in a number of regions including the dorsolateral prefrontal cortex, superior frontal gyrus, anterior cingulate, caudate nucleus and declive of the cerebellum. Additionally, the degree to which a participant discounted delayed rewards was inversely related to task activation in the cerebellum. The results suggest that the bias towards immediate rewards in childhood ADHD may not persist behaviorally, but instead present in adulthood as alterations in frontostriatal and frontocerebellar networks.

  4. 31 CFR 356.21 - How are awards at the high yield or discount rate calculated?

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 2 2010-07-01 2010-07-01 false How are awards at the high yield or discount rate calculated? 356.21 Section 356.21 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) FISCAL SERVICE, DEPARTMENT OF THE TREASURY BUREAU OF THE PUBLIC DEBT SALE...

  5. Using Proactivity, Time Discounting, and the Theory of Planned Behavior to Identify Predictors of Retirement Planning

    Science.gov (United States)

    Griffin, Barbara; Loe, David; Hesketh, Beryl

    2012-01-01

    This study developed and tested a model to identify the predictors of retirement planning based on an extension of the theory of planned behavior ([TPB], Ajzen, 1991) that included individual differences in proactivity and time discounting. The results showed that personal attitudes, sense of control, social influence, and stable traits have a…

  6. The Effects of Inflation and Interest Rates on Delay Discounting in Human Behavior

    Science.gov (United States)

    Kawashima, Kentaro

    2006-01-01

    Interest and inflation rates may be major determinants of delay discounting, but these variables have not been controlled in past experiments because they depend on macroeconomic conditions. This study uses a computer game-like task to investigate the effects of inflation rates on people's subjective valuation of delayed rewards. During the task,…

  7. On Discounting of Health Gains from Human Papillomavirus Vaccination : Effects of Different Approaches

    NARCIS (Netherlands)

    Westra, Tjalke A.; Parouty, Mehraj; Brouwer, Werner B.; Beutels, Philippe H.; Rogoza, Raina M.; Rozenbaum, Mark H.; Daemen, Toos; Wilschut, Jan C.; Boersma, Cornelis; Postma, Maarten J.

    2012-01-01

    Objectives: Discounting has long been a matter of controversy in the field of health economic evaluations. How to weigh future health effects has resulted in ongoing discussions. These discussions are imminently relevant for health care interventions with current costs but future benefits. Different

  8. Delay Discounting of Video Game Players: Comparison of Time Duration Among Gamers.

    Science.gov (United States)

    Buono, Frank D; Sprong, Matthew E; Lloyd, Daniel P; Cutter, Christopher J; Printz, Destiny M B; Sullivan, Ryan M; Moore, Brent A

    2017-02-01

    Video game addiction or Internet game disorder, as proposed by the DSM-5 (Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition), has similar criterion characteristics to other impulse control disorders. There is limited research examining video game addiction within a behavioral economic framework using delay discounting. The current study evaluated delay-discounting patterns of money and video game play by usual weekly hours of video game play. A total of 104 participants were split into 1 of 3 groups of video game players (low, medium, and high) and were asked to complete a monetary and video game discounting procedure through an online survey. Results showed significant differences between groups within both the monetary (p = 0.003) and video game discounting procedures (p = 0.004). Additionally, a positive linear relationship was noted between the groups across both procedures. The results of the current article reinforce previous findings that more hours of video game use are associated with greater impulsivity and provide implications for future research.

  9. PENGEMBANGAN MODEL PERSEDIAAN DENGAN MEMPERTIMBANGKAN WAKTU KADALUARSA BAHAN DAN FAKTOR INCREMENTAL DISCOUNT

    Directory of Open Access Journals (Sweden)

    Hari Prasetyo

    2005-12-01

    Full Text Available Penelitian ini bertujuan untuk menghasilkan model persediaan yang mempertimbangkan waktu kadaluarsa bahan dan faktor incremental discount untuk mendapatkan biaya total (total cost persediaan yang minimum. Model persediaan Economic Order Quantity (EOQ Single Item digunakan sebagai dasar pengembangan model. Algoritma pencarian solusi model dibuat untuk mendapatkan solusi dari model. Selain itu pada bagian akhir diberikan studi kasus implementasi model di PT. XYZ.

  10. Retailer’s optimal ordering policies with cash discount and progressive payment scheme derived algebraically

    Directory of Open Access Journals (Sweden)

    Alok kumar

    2011-10-01

    Full Text Available This study presents optimal ordering policies for retailer when supplier offers cash discount and two progressive payment schemes for paying of purchasing cost. If the retailer pays the outstanding amount before or at first trade credit period M, the supplier provides r_1cash discount and does not charge any interest. If the retailer pays after M but before or at the second trade period N offered by the supplier, the supplier provides r_2 cash discount and charges interest on unpaid balance at the rate 〖Ic〗_1 . If retailer pays the balance after N, (N>M then the supplier does not provide any cash discount but charges interest on unpaid balance at the rate 〖Ic〗_2. The primary objective of this paper is to minimize the total cost of inventory system. This paper develops an algebraic approach to determine the optimal cycle time, optimal order quantity and optimal relevant cost. Numerical example are also presented to illustrate the result of propose model and solution procedure developed.

  11. A comparison of delay discounting among substance users with and without suicide attempt history.

    Science.gov (United States)

    Liu, Richard T; Vassileva, Jasmin; Gonzalez, Raul; Martin, Eileen M

    2012-12-01

    Although substance use disorders are associated with overall increased suicide risk, there is considerable variability in suicide risk among substance-dependent individuals (SDIs). Impairment in impulse control is common among SDIs, and it may contribute to vulnerability to suicidal behavior. The present study examined the relation between one specific aspect of impulsivity-delay discounting-and suicide attempt history in a sample of SDIs. An interaction was observed between suicide attempt history and discounting rates across delayed reward size. Specifically, SDIs with no history of attempted suicide, devalued small relative to large delayed rewards. In contrast, SDIs with a history of suicide attempts appeared comparatively indifferent to delayed reward size, discounting both small and large delayed rewards at essentially identical rates. These findings provide evidence that, despite the view that SDIs are characterized by marked difficulties in impulsivity, significant variability exists within this group in delay-discounting tendencies. Furthermore, these differences provide preliminary evidence that specific aspects of impulsivity may help to identify those most at risk for suicidal behavior in this population. The potential implications of our findings for suicide prevention efforts are discussed.

  12. The Communication Department in a State of Perpetual Crisis: Discount Store University?

    Science.gov (United States)

    Ritchie, David

    2000-01-01

    Explores the implications of the "discount store" metaphor as it is commonly used and understood. Argues that "K-Mart U" would emphasize a predictable level of quality and convenience, and recognize and honor that few students are as dedicated to the life of the intellect as professors, and design course requirements and assignments to assure…

  13. 26 CFR 1.803-6 - Amortization of premium and accrual of discount.

    Science.gov (United States)

    2010-04-01

    ... (CONTINUED) INCOME TAX (CONTINUED) INCOME TAXES Life Insurance Companies § 1.803-6 Amortization of premium... company. A life insurance company which adjusts amortization of premium or accrual of discount with... 26 Internal Revenue 8 2010-04-01 2010-04-01 false Amortization of premium and accrual of...

  14. 17 CFR 256.226 - Unamortized discount on long-term debt-debit.

    Science.gov (United States)

    2010-04-01

    ... COMMISSION (CONTINUED) UNIFORM SYSTEM OF ACCOUNTS FOR MUTUAL SERVICE COMPANIES AND SUBSIDIARY SERVICE COMPANIES, PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 6. Long-Term Debt § 256.226 Unamortized discount on.... The amortization shall be on a monthly basis, with the amounts thereof charged to account...

  15. 18 CFR 367.4280 - Account 428, Amortization of debt discount and expense.

    Science.gov (United States)

    2010-04-01

    ..., Amortization of debt discount and expense. 367.4280 Section 367.4280 Conservation of Power and Water Resources... COMPANY ACT OF 2005, FEDERAL POWER ACT AND NATURAL GAS ACT UNIFORM SYSTEM OF ACCOUNTS FOR CENTRALIZED SERVICE COMPANIES SUBJECT TO THE PROVISIONS OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 2005,...

  16. 26 CFR 1.822-3 - Amortization of premium and accrual of discount.

    Science.gov (United States)

    2010-04-01

    ... held by a mutual insurance company subject to the tax imposed by section 821. Such amortization and... 26 Internal Revenue 8 2010-04-01 2010-04-01 false Amortization of premium and accrual of discount... (CONTINUED) INCOME TAX (CONTINUED) INCOME TAXES Mutual Insurance Companies (other Than Life and...

  17. Children's Use of the Discounting Principle in Their Perceptions of Exertion.

    Science.gov (United States)

    Kassin, Saul M.; Gibbons, Frederick X.

    1981-01-01

    The authors conducted a developmental test of the discounting principle (that the role of a given cause in producing effects is reduced if other plausible causes are also present) by showing an animated film to kindergarten and second-grade children. Results conflicted with previous research findings. (Author/DB)

  18. The Relationship of Institutional Tuition Discounts with Enrollment at Private, Not-for-Profit Institutions

    Science.gov (United States)

    Lassila, Nathan E.

    2010-01-01

    Empirical studies exploring the impact of student aid on postsecondary enrollment often stop short of the specific examination of institutional tuition discounting. This research uses separate empirical ordinary least squares (OLS) regression models to examine three questions using public choice theory, positing that enrollment decisions may be…

  19. Gambling, Delay, and Probability Discounting in Adults With and Without ADHD.

    Science.gov (United States)

    Dai, Zhijie; Harrow, Sarah-Eve; Song, Xianwen; Rucklidge, Julia J; Grace, Randolph C

    2016-11-01

    We investigated the relationship between impulsivity, as measured by delay and probability discounting, and gambling-related cognitions and behavior in adults with and without ADHD. Adults who met Diagnostic and Statistical Manual of Mental Disorders (4th ed.; DSM-IV) diagnostic criteria for ADHD (n = 31) and controls (n = 29) were recruited from the community. All completed an interview that included an assessment of psychiatric disorders, gambling questionnaires, and simulated gambling, delay, and probability discounting tasks. The ADHD group was more likely to meet the criteria for problem gambling and was more impulsive than controls based on a composite discounting measure. ADHD symptoms were correlated with gambling-related cognitions and behavior. Probability, but not delay discounting, explained significant variance in gambling-related measures after controlling for ADHD symptoms. Results confirm an association between adult ADHD and gambling, and suggest that the facets of impulsivity related to risk proneness may be an independent risk factor for problem gambling in this population. © The Author(s) 2013.

  20. Determining Optimal Discount Policies for a Supplier in B2B Relationships

    DEFF Research Database (Denmark)

    Buhayenko, Viktoryia; van Eikenhorst, Erik

    the total discount offered is greater than their total cost increase. This research assumes zero or low price elasticity of the demand, thus lower prices do not result in greater total demand, they only affect when orders will be placed. A heuristic solution is given by separating the problem into when...

  1. Academic motivation mediates the influence of temporal discounting on academic achievement during adolescence

    NARCIS (Netherlands)

    Lee, Nikki; Krabbendam, Lydia; Dekker, Sanne; Boschloo, Annemarie; De Groot, Renate; Jolles, Jelle

    2012-01-01

    Lee, N. C., Krabbendam, L., Dekker, S. J., Boschloo, A. M., De Groot, R. H. M., & Jolles, J. (2012). Academic motivation mediates the influence of temporal discounting on academic achievement during adolescence. Trends in Neuroscience and Education, 1(1), 43-48.

  2. Estimation of Discount Rates in Latin America: Empirical Evidence and Challenges

    Directory of Open Access Journals (Sweden)

    Darcy Fuenzalida

    2010-06-01

    Full Text Available This paper compares the main proposals that have been made in order to estimate discount rates in emerging markets. Seven methods are used to estimate the cost of equity capital in the case of global well-diversified investors; two methods are used to estimate it in the case of imperfectly diversified local institutional investors; and one method is used to estimate the required return in the case of non-diversified entrepreneurs. Using the first nine methods, one estimates the costs of equity for all economic sectors in six Latin American emerging markets. Consistently with studies applied to other regions, a great deal of disparity is observed between the discount rates obtained across the different models, which implies that no model is better than the others. Likewise, the paper shows that Latin American markets are in a process of becoming more integrated with the world market because discount rates have decreased consistently during the first five-year period of the XXI Century. Finally, one identifies several challenges that have to be tackled to estimate discount rates and valuate investment opportunities in emerging markets.

  3. A Seasoned Instructor's New Look at Fixed-Income Securities: An Exercise Using Discounted Bonds

    Science.gov (United States)

    Secrest, Thomas W.

    2012-01-01

    Having returned to teaching the basics of pricing fixed-income securities after several years, the author recalls the difficulty students have in understanding the total return provided by fixed-income securities that are purchased at either a discount or premium from face value. This teaching note attempts to clarify the concept by suggesting…

  4. Practical implications of differential discounting in cost-effectiveness analyses with varying numbers of cohorts

    NARCIS (Netherlands)

    O'Mahony, J.F.; de Kok, I.M.; van Rosmalen, Joost; Habbema, J.D.; Brouwer, Werner; van Ballegooijen, Marjolein

    2011-01-01

    OBJECTIVE: To call attention to the influence of the number of birth-cohorts used in cost-effectiveness analysis (CEA) models on incremental cost-effectiveness ratios (ICERs) under differential discounting. METHODS: The consequences of increasing the number of birth-cohorts are demonstrated using a

  5. Societal discounting of health effects in cost-effectiveness analyses: The influence of life expectancy

    NARCIS (Netherlands)

    S. Polinder (Suzanne); W.J. Meerding (Willem Jan); N.J.A. van Exel (Job); W.B.F. Brouwer (Werner)

    2005-01-01

    textabstractBackground: Increasing life expectancy and decreasing marginal valuation of additional QALYs over time may serve as a basis for discounting future health effects from a societal perspective. Therefore, we tested the hypothesis that societal time preference for health is related to percei

  6. Cognitive decline is associated with risk aversion and temporal discounting in older adults without dementia.

    Directory of Open Access Journals (Sweden)

    Bryan D James

    Full Text Available Risk aversion and temporal discounting are preferences that are strongly linked to sub-optimal financial and health decision making ability. Prior studies have shown they differ by age and cognitive ability, but it remains unclear whether differences are due to age-related cognitive decline or lower cognitive abilities over the life span. We tested the hypothesis that cognitive decline is associated with higher risk aversion and temporal discounting in 455 older persons without dementia from the Memory and Aging Project, a longitudinal cohort study of aging in Chicago. All underwent repeated annual cognitive evaluations using a detailed battery including 19 tests. Risk aversion was measured using standard behavioral economics questions: participants were asked to choose between a certain monetary payment versus a gamble in which they could gain more or nothing; potential gamble gains varied across questions. Temporal discounting: participants were asked to choose between an immediate, smaller payment and a delayed, larger one; two sets of questions addressed small and large stakes based on payment amount. Regression analyses were used to examine whether prior rate of cognitive decline predicted level of risk aversion and temporal discounting, controlling for age, sex, and education. Over an average of 5.5 (SD=2.9 years, cognition declined at an average of 0.016 units per year (SD=0.03. More rapid cognitive decline predicted higher levels of risk aversion (p=0.002 and temporal discounting (small stakes: p=0.01, high stakes: p=0.006. Further, associations between cognitive decline and risk aversion (p=0.015 and large stakes temporal discounting (p=0.026 persisted in analyses restricted to persons without any cognitive impairment (i.e., no dementia or mild cognitive impairment; the association of cognitive decline and small stakes temporal discounting was no longer statistically significant (p=0.078. These findings are consistent with the

  7. Solar Pilot Plant, Phase I. Preliminary design report. Volume II, Book 2. Central receiver optical model users manual. CDRL item 2. [HELIAKI code

    Energy Technology Data Exchange (ETDEWEB)

    None

    1977-05-01

    HELIAKI is a FORTRAN computer program which simulates the optical/thermal performance of a central receiver solar thermal power plant for the dynamic conversion of solar-generated heat to electricity. The solar power plant which this program simulates consists of a field of individual sun tracking mirror units, or heliostats, redirecting sunlight into a cavity, called the receiver, mounted atop a tower. The program calculates the power retained by that cavity receiver at any point in time or the energy into the receiver over a year's time using a Monte Carlo ray trace technique to solve the multiple integral equations. An artist's concept of this plant is shown.

  8. Normative price for a manufactured product: the SAMICS methodology. Volume II. Analysis. JPL publication 78-98. [Solar Array Manufacturing Industry Costing Standards

    Energy Technology Data Exchange (ETDEWEB)

    Chamberlain, R.G.

    1979-01-15

    The Solar Array Manufacturing Industry Costing Standards (SAMICS) provide standard formats, data, assumptions, and procedures for determining the price a hypothetical solar array manufacturer would have to be able to obtain in the market to realize a specified after-tax rate of return on equity for a specified level of production. This document presents the methodology and its theoretical background. It is contended that the model is sufficiently general to be used in any production-line manufacturing environment. Implementation of this methodology by the Solar Array Manufacturing Industry Simulation computer program (SAMIS III, Release 1) is discussed.

  9. Effects of NMDA receptor antagonists on probability discounting depend on the order of probability presentation.

    Science.gov (United States)

    Yates, Justin R; Breitenstein, Kerry A; Gunkel, Benjamin T; Hughes, Mallory N; Johnson, Anthony B; Rogers, Katherine K; Shape, Sara M

    Risky decision making can be measured using a probability-discounting procedure, in which animals choose between a small, certain reinforcer and a large, uncertain reinforcer. Recent evidence has identified glutamate as a mediator of risky decision making, as blocking the N-methyl-d-aspartate (NMDA) receptor with MK-801 increases preference for a large, uncertain reinforcer. Because the order in which probabilities associated with the large reinforcer can modulate the effects of drugs on choice, the current study determined if NMDA receptor ligands alter probability discounting using ascending and descending schedules. Sixteen rats were trained in a probability-discounting procedure in which the odds against obtaining the large reinforcer increased (n=8) or decreased (n=8) across blocks of trials. Following behavioral training, rats received treatments of the NMDA receptor ligands MK-801 (uncompetitive antagonist; 0, 0.003, 0.01, or 0.03mg/kg), ketamine (uncompetitive antagonist; 0, 1.0, 5.0, or 10.0mg/kg), and ifenprodil (NR2B-selective non-competitive antagonist; 0, 1.0, 3.0, or 10.0mg/kg). Results showed discounting was steeper (indicating increased risk aversion) for rats on an ascending schedule relative to rats on the descending schedule. Furthermore, the effects of MK-801, ketamine, and ifenprodil on discounting were dependent on the schedule used. Specifically, the highest dose of each drug decreased risk taking in rats in the descending schedule, but only MK-801 (0.03mg/kg) increased risk taking in rats on an ascending schedule. These results show that probability presentation order modulates the effects of NMDA receptor ligands on risky decision making. Copyright © 2016 Elsevier Inc. All rights reserved.

  10. Shallow discounting of delayed cocaine by male rhesus monkeys when immediate food is the choice alternative.

    Science.gov (United States)

    Huskinson, Sally L; Myerson, Joel; Green, Leonard; Rowlett, James K; Woolverton, William L; Freeman, Kevin B

    2016-12-01

    Huskinson et al. (2015) recently examined delay discounting in monkeys choosing between an immediate drug (cocaine) reinforcer and a delayed nondrug (food) reinforcer. The present experiment examined the reverse situation: choice between immediate nondrug (food) and delayed drug (cocaine) reinforcers. Whereas the former choice situation exemplifies drug abuse from a delay-discounting perspective, our interest in the latter choice situation is derived from the observation that drug abusers, who characteristically are associated with impulsive choice, typically must devote considerable time to procuring drugs, often at the expense of immediate nondrug alternatives. Accordingly, we analyzed 3 male rhesus monkeys' choices between immediate food and delayed cocaine (0.1 and 0.2 mg/kg/injection) using a hyperbolic model that allowed us to compare discounting rates between qualitatively different reinforcers. Choice of immediate food increased with food amount, and choice functions generally shifted leftward as delay to cocaine increased, indicating a decrease in the subjective value of cocaine. Compared with our previous delay-discounting experiment with immediate cocaine versus delayed food, both doses of delayed cocaine were discounted at a shallow rate. The present results demonstrate that rhesus monkeys will tolerate relatively long delays in an immediate-food versus delayed-drug situation, suggesting that in intertemporal choices between cocaine and food, the subjective value of cocaine is less affected by the delay until reinforcement than is the subjective value of delayed food. More generally, the present findings suggest that although drug abusers may choose impulsively when immediate drug reinforcement is available, they exercise self-control in the acquisition of a highly preferred, delayed drug reinforcer. (PsycINFO Database Record (c) 2016 APA, all rights reserved).

  11. Characterization of solar cells for space applications. Volume 6: Electrical characteristics of Spectrolab BSF, BSR, textured, 10 ohm-cm, 50 micron advanced OAST solar cells as a function of intensity, temperature, and irradiation

    Science.gov (United States)

    Anspaugh, B. E.; Downing, R. G.; Miyahira, T. F.; Weiss, R. S.

    1979-01-01

    Electrical parametric data are presented on BSF, BSR, textured 10 ohm cm, 50 micron advanced OAST cells in graphical and tabular form as functions of solar illumination intensity, temperature, and 1 MeV electron fluence.

  12. Solar Pilot Plant, Phase I: preliminary design report. Volume VII. Pilot plant cost, commercial plant cost and performance. CDRL item 2

    Energy Technology Data Exchange (ETDEWEB)

    None

    1977-06-01

    Cost estimates are presented for the Solar Pilot Plant by cost breakdown structure element, with a commitment schedule and an expenditure schedule. Cost estimates are given for a Commercial Plant, including several point costs for plants with various solar multiples and storage times. Specific questions (ERDA) pertaining to commercial plant design and performance data are addressed. The cost estimates are supplemented by two books of vendor and subcontractor cost data.

  13. The design, construction, and monitoring of photovoltaic power system and solar thermal system on the Georgia Institute of Technology Aquatic Center. Volume 1

    Energy Technology Data Exchange (ETDEWEB)

    Long, R.C.

    1996-12-31

    This is a report on the feasibility study, design, and construction of a PV and solar thermal system for the Georgia Tech Aquatic Center. The topics of the report include a discussion of site selection and system selection, funding, design alternatives, PV module selection, final design, and project costs. Included are appendices describing the solar thermal system, the SAC entrance canopy PV mockup, and the PV feasibility study.

  14. SOLERAS: Solar Energy Water Desalination Project. Exxon Research and Engineering. Volume 3: Appendices pilot plan and design details and subsystem direct cost support

    Science.gov (United States)

    Details of the design of a water desalination solar pilot plant in Yanbu, Saudi Arabia are presented. The major subsystems of the plant are defined, including solar energy collection and simulation, energy storage, energy delivery, reverse osmosis/multiple effect distillation, water storage, waste disposal, backup power generators, controls and instrumentation data acquisition, facilities and enclosures, and computers. A list of the plant equipment and a set of process flow diagrams are provided. A cost analysis of the pilot plant is included.

  15. White matter integrity predicts delay discounting behavior in 9- to 23-year-olds: a diffusion tensor imaging study.

    Science.gov (United States)

    Olson, Elizabeth A; Collins, Paul F; Hooper, Catalina J; Muetzel, Ryan; Lim, Kelvin O; Luciana, Monica

    2009-07-01

    Healthy participants (n = 79), ages 9-23, completed a delay discounting task assessing the extent to which the value of a monetary reward declines as the delay to its receipt increases. Diffusion tensor imaging (DTI) was used to evaluate how individual differences in delay discounting relate to variation in fractional anisotropy (FA) and mean diffusivity (MD) within whole-brain white matter using voxel-based regressions. Given that rapid prefrontal lobe development is occurring during this age range and that functional imaging studies have implicated the prefrontal cortex in discounting behavior, we hypothesized that differences in FA and MD would be associated with alterations in the discounting rate. The analyses revealed a number of clusters where less impulsive performance on the delay discounting task was associated with higher FA and lower MD. The clusters were located primarily in bilateral frontal and temporal lobes and were localized within white matter tracts, including portions of the inferior and superior longitudinal fasciculi, anterior thalamic radiation, uncinate fasciculus, inferior fronto-occipital fasciculus, corticospinal tract, and splenium of the corpus callosum. FA increased and MD decreased with age in the majority of these regions. Some, but not all, of the discounting/DTI associations remained significant after controlling for age. Findings are discussed in terms of both developmental and age-independent effects of white matter organization on discounting behavior.

  16. A comparison between Tsallis’s statistics-based and generalized quasi-hyperbolic discount models in humans

    Science.gov (United States)

    Takahashi, Taiki

    2008-01-01

    Intertemporal choice has drawn attention in econophysics and neuroeconomics. Both impulsivity and inconsistency in intertemporal choice can be parametrized with a Tsallis’s statistics-based q-exponential discount model. Although a recent neuroeconomic study has proposed a dual-self discounting model (a generalized quasi-hyperbolic discounting), no study to date has examined the relationship between the q-exponential and quasi-hyperbolic models. We empirically estimated the inconsistency parameter 1-q in the q-exponential discount function and the parameter of an internal conflict between dual selves in intertemporal choice by humans. We observed that (i) the inconsistency parameter in the q-exponential model is positively related to a conflict between selves within a subject and (ii) q-exponential discounting better fits group data, while quasi-hyperbolic discounting better fits individual data. Our results indicate that (i) inconsistent intertemporal decision-makers may experience strong internal conflict during intertemporal choice behavior, and (ii) the q-exponential and the quasi-hyperbolic discount models should respectively be utilized for group and individual data. The usefulness of the q-exponential and the quasi-hyperbolic in studies of addiction and economic behavior is discussed.

  17. Increased Delay Discounting on a Novel Real-Time Task among Girls, but not Boys, with ADHD

    Science.gov (United States)

    Rosch, Keri S.; Mostofsky, Stewart H.

    2016-01-01

    The aim of this study was to examine delay discounting in girls and boys with ADHD-Combined type (ADHD-C) relative to typically developing (TD) children on two tasks that differ in the extent to which the rewards and delays were experienced by participants. Children ages 8–12 years with ADHD-C (n = 65; 19 girls) and TD controls (n = 55; 15 girls) completed two delay discounting tasks involving a series of choices between smaller, immediate and larger, delayed rewards. The classic delay discounting task involved choices about money at delays of 1–90 days and only some of the outcomes were actually experienced by the participants. The novel real-time discounting task involved choices about an immediately consumable reward (playing a preferred game) at delays of 25–100 s, all of which were actually experienced by participants. Participants also provided subjective ratings of how much they liked playing the game and waiting to play. Girls with ADHD-C displayed greater delay discounting compared to boys with ADHD-C and TD girls and boys on the real-time discounting task. Diagnostic group differences were not evident on the classic discounting task. In addition, children with ADHD-C reported wanting to play the game more and liking waiting to play the game less than TD children. This novel demonstration of greater delay discounting among girls with ADHD-C on a discounting task in which the rewards are immediately consumable and the delays are experienced in real-time informs our understanding of sex differences and motivational processes in children with ADHD. PMID:26549118

  18. Design and assessment of solar PV plant for girls hostel (GARGI of MNIT University, Jaipur city: A case study

    Directory of Open Access Journals (Sweden)

    Rahul Khatri

    2016-11-01

    Full Text Available In this paper designing and assessment of a solar PV plant for meeting the energy demand of girl’s hostel at MNIT University Jaipur city was analyzed. A solar PV plant was designed with its financial and environmental assessment considering recent market prices. All the aspects related to a solar PV plant were considered for financial feasibility of PV plant near this location. The different financial parameters which affect the financial feasibility of PV plant were considered i.e. discount rate, effective discount rate, rate of escalation of electricity cost, salvage value of the plant etc. The environmental aspect related with the energy generated with PV plant i.e. reduction in carbon emission and carbon credits earned was also considered. Result obtained with the assessment of the proposed plant with different discount rate and current rate of inflation shows that the max IRR 6.85% and NPV of $1,430,834 was obtained with a discount rate of 8% and an inflation rate of 7.23% when no land cost considered and if land cost was considered the maximum IRR was 1.96% and NPV of $630,833. Minimum discounted payback of the plant will be 13.4 years if inflation was considered.

  19. Conceptual design of solar central-receiver hybrid power system: sodium-cooled-receiver concept. Volume I of II. Conceptual design

    Energy Technology Data Exchange (ETDEWEB)

    1979-01-01

    A market analysis is reported consisting of estimates of overall market size derived from projections of electric power growth, examination of utility plans, and projections of potential regulatory action. Market share is projected by comparisons of the levelized costs of busbar power produced by hybrid coal solar units with costs of other electric power producers such as coal only, nuclear and solar only units. Parametric analyses of the major subsystems, consisting of the collector, receiver, storage, non-solar, electric power generation, and master control subsystems were conducted over a wide range of independent parameters in order to define subsystem operation and interfaces for use in the preferred system selection studies. The selection of the system, subsystems, and components of the 0.8 and 1.4 solar multiple sodium-cooled hybrid central receiver configurations were done. Technically feasible alternatives were compared on an economic basis. Detailed conceptual designs of the selected system concepts for the 0.8 and 1.4 solar multiple plants are presented. Cost estimates are also presented for both plants based on the conceptual designs. (LEW)

  20. Automatic solar lamp intensity control system

    Science.gov (United States)

    Leverone, H.; Mandell, N.

    1968-01-01

    System that substitutes solar cells directly in the path of the radiation incident on the test volume and uses a dc bridge-null system was developed. The solar cell is affixed to a heat sink mounted on each of three arms for each solar lamp. Control of the radiation from the solar lamps is automatic.

  1. Energy-saving impacts of DOE's conservation and solar programs. (An ORNL/MITRE study performed in 1980). Volume 2: Historical trends, details of sectoral analysis, and appendixes

    Science.gov (United States)

    Barnes, R. W.; Blue, J. L.; Boyd, D. M.; Corum, K. R.; Gerstein, R.; Greene, D. L.; Hamvlin, D. M.; Hirst, E.; Hoffman, H.; Kamp, G.

    1981-05-01

    Energy and oil impacts were estimated under a common set of assumptions concerning rising energy prices and economic growth. Historical trends in U.S. energy consumption, buildings and community systems, industry, transportation, solar, energy storage systems, and Energy Management Partnership Act are titles of sections presented. Information presented in the appendices includes: existing energy legislation; research, development, and demonstration projects included in the OIP program analysis; regionalization of transportation sector inputs; national solar legislation; and the Energy Management Partnership Act and related acts.

  2. Skylab experiments. Volume 5: Astronomy and space physics. [Skylab observations of galactic radiation, solar energy, and interplanetary composition for high school level education

    Science.gov (United States)

    1973-01-01

    The astronomy and space physics investigations conducted in the Skylab program include over 20 experiments in four categories to explore space phenomena that cannot be observed from earth. The categories of space research are as follows: (1) phenomena within the solar system, such as the effect of solar energy on Earth's atmosphere, the composition of interplanetary space, the possibility of an inner planet, and the X-ray radiation from Jupiter, (2) analysis of energetic particles such as cosmic rays and neutrons in the near-earth space, (3) stellar and galactic astronomy, and (4) self-induced environment surrounding the Skylab spacecraft.

  3. Irrigation market for solar thermal parabolic dish systems

    Science.gov (United States)

    Habib-Agahi, H.; Jones, S. C.

    1981-01-01

    The potential size of the onfarm-pumped irrigation market for solar thermal parabolic dish systems in seven high-insolation states is estimated. The study is restricted to the displacement of three specific fuels: gasoline, diesel and natural gas. The model was developed to estimate the optimal number of parabolic dish modules per farm based on the minimum cost mix of conventional and solar thermal energy required to meet irrigation needs. The study concludes that the potential market size for onfarm-pumped irrigation applications ranges from 101,000 modules when a 14 percent real discount rate is assumed to 220,000 modules when the real discount rate drops to 8 percent. Arizona, Kansas, Nebraska, New Mexico and Texas account for 98 percent of the total demand for this application, with the natural gas replacement market accounting for the largest segment (71 percent) of the total market.

  4. Discounts on fruit and vegetables combined with a space management intervention increased sales in supermarkets

    DEFF Research Database (Denmark)

    Toft, U; Winkler, L L; Mikkelsen, B E

    2017-01-01

    management intervention to promote F&V sales was performed in two large discount supermarkets on Bornholm in Denmark for 3 months (September-November 2012). In addition, a 20% discount on F&V was introduced for 3 months in one of the supermarkets ('space + price'). The effect was evaluated using sales data...... the price intervention period, the index number for sales of fresh vegetables increased by 22.2% (P=0.001) in the 'space + price' intervention supermarket compared with the control supermarkets. Furthermore, the index number for the sale of organic fresh fruit and vegetables increased by 12.1% (P=0...... were found. CONCLUSIONS: In conclusion, a 20% price reduction on F&V significantly increased sales of F&V. The effect was most pronounced on vegetables and no negative/unhealthy substitution effects were found.European Journal of Clinical Nutrition advance online publication, 1 February 2017; doi:10...

  5. Retailer’s optimal ordering policies for EOQ model with imperfective items under a temporary discount

    Directory of Open Access Journals (Sweden)

    Lin Wen Feng

    2016-01-01

    Full Text Available In this article, we study inventory models to determine the optimal special order and maximum saving cost of imperfective items when the supplier offers a temporary discount. The received items are not all perfect and the defectives can be screened out by the end of 100% screening process. Three models are considered according to the special order occurs at regular replenishment time, non-regular replenishment time, and screening time of economic order quantity cycle. Each model has two sub-cases to be discussed. In temporary discount problems, in general, there are integer operators in objective functions. We suggest theorems to find the closed-form solutions to these kinds of problems. Furthermore, numerical examples and sensitivity analysis are given to illustrate the results of the proposed properties and theorems.

  6. Model Persediaan Multi Item dengan Mempertimbangkan Faktor Kedaluwarsa dan Faktor All Unit Discount

    Directory of Open Access Journals (Sweden)

    Taufik Limansyah

    2011-01-01

    Full Text Available This paper deals with determination of ordering policy for perishable goods, namely joint order policy or individual order policy. Expiration date is an important factor to be considered in the inventory system, especially in chemical or food industry. The problem becomes more complicated when the company has more goods with different expired dates. Another factor that has an influence to the inventory system is the supplier discount factor. A company can get benefit from this factor in order to reduce a total cost of inventory. In this paper, performance’s criteria used for the selected policy is ordering policy that minimize the total cost of inventory by considering the expiration date and all unit discount.

  7. FUNDAMENTAL ANALYSIS AND DISCOUNTED FREE CASH FLOW VALUATION OF STOCKS AT MACEDONIAN STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    Nadica Ivanovska

    2014-06-01

    Full Text Available We examine the valuation performance of Discounted Free Cash Flow Model (DFCF at the Macedonian Stock Exchange (MSE in order to determine if this model offer significant level of accuracy and relevancy for stock values determination. We find that stock values calculated with DCF model are very close to average market prices which suggests that market prices oscillate near their fundamental values. We can conclude that DFCF models are useful tools for the companies’ enterprise values calculation on long term. The analysis of our results derived from stock valuation with DFCF model as well as comparison with average market stock prices suggest that discounted cash flow model is relatively reliable valuation tool that have to be used for stocks analyses at MSE.

  8. APPLICATION OF DIVIDEND DISCOUNT MODEL VALUATION AT MACEDONIAN STOCK-EXCHANGE

    Directory of Open Access Journals (Sweden)

    Zoran Ivanovski

    2015-06-01

    Full Text Available Dividend discount model (DDM is the simplest model for valuing equities in finance. Many analysts belived that DDM is outmoded, but much of the intuition that drives Discounted Cash Flow (DCF valuation is embedded in the DDM model. There are also specific companies stocks where the DDM model remains a useful tool for estimating value. The basic task of these research is to examine if DDM models offer relevant and safe valuation of long-term securities at Macedonian Stock Exchange (MSE through the process of empirical valuation of random chosen stocks. This research helped us to identify problems in use of DDM valuation models at MSE, to determine causes for differences between the intrinsic values and the stock market prices and to determine basic parameters for implementation of valuation on Macedonian financial market. We find that DDM models are usefull only as additional tool beside relative and DCF stocks valuation at MSE.

  9. The intertemporal choice behaviour: Classical and alternative delay discounting models and control techniques

    Directory of Open Access Journals (Sweden)

    Aldo G. S. Ventre

    2012-11-01

    Full Text Available Hyperbolic discounting refers to the tendency for people to increasingly choose a smaller-sooner reward over a larger-later reward as the delay occurs sooner rather than later in time. When offered a larger reward in exchange for waiting a set amount of time, people act less impulsively (i.e., choose to wait as the rewards happen further in the future. Put another way, people avoid waiting more as the wait nears the present time.

  10. Multiple Objective Fuzzy Sourcing Problem with Multiple Items in Discount Environments

    OpenAIRE

    Feyzan Arikan

    2015-01-01

    The selection of proper supply sources plays a vital role to maintain companies’ competitiveness. In this study a multiple criteria fuzzy sourcing problem with multiple items in discount environment is considered as a multiple objective mixed integer linear programming problem. Fuzzy parameters are demand level and/or aspiration levels of objectives. Three objective functions are minimization of the total production and ordering costs, the total number of rejected units, and the total number ...

  11. Marketing cigarettes when all else is unavailable: evidence of discounting in price-sensitive neighbourhoods.

    Science.gov (United States)

    Burton, Suzan; Williams, Kelly; Fry, Rae; Chapman, Kathy; Soulos, Greg; Tang, Anita; Walsberger, Scott; Egger, Sam

    2014-05-01

    Since price is both a key determinant of smoking and one of the few remaining marketing strategies available in countries without point-of-sale tobacco display, this study examines cigarette price variations in the Australian market and assesses whether those variations are consistent with price being used to increase or maintain smoking among price-sensitive groups. An audit of 1739 tobacco retailers was used to collect variations in the price of the best-selling Australian cigarette brand, as well as record retailer compliance with tobacco retailing legislation. We examined variation in pricing across outlet type, demographic variations (socioeconomic level, % in the area under 18 and % born in Australia), remoteness and retailer compliance with tobacco retailing legislation. Multipacks were offered by 27.8% of retailers, with the average pack price in a twin pack $1.32 (or 7.3%) cheaper than a single pack. Prices were significantly lower in some outlet types, in lower socioeconomic postcodes and in those with a higher percentage of people under 18. In contrast with other consumer goods, prices were lower (although not significantly so) outside major cities. The provision of substantial multi-pack discounts and lower prices in postcodes with a higher proportion of price-sensitive smokers (young people and those from lower socioeconomic groups) is consistent with targeted discounts being used as a tobacco marketing strategy. The results support policy interventions to counter selective discounts and to require disclosure of trade-based discounts. 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.

  12. A comparison of delay discounting among substance users with and without suicide attempt history

    OpenAIRE

    Liu, Richard T.; Vassileva, Jasmin; Gonzalez, Raul; Martin, Eileen M.

    2012-01-01

    Although substance use disorders are associated with overall increased suicide risk, there is considerable variability in suicide risk among substance dependent individuals (SDIs). Impairment in impulse control is common among SDIs and may contribute to vulnerability to suicidal behavior. The present study examined the relation between one specific aspect of impulsivity, delay discounting, and suicide attempt history in a sample of SDIs. An interaction was observed between suicide attempt his...

  13. ChargeOut! : discounted cash flow compared with traditional machine-rate analysis

    Science.gov (United States)

    Ted Bilek

    2008-01-01

    ChargeOut!, a discounted cash-flow methodology in spreadsheet format for analyzing machine costs, is compared with traditional machine-rate methodologies. Four machine-rate models are compared and a common data set representative of logging skidders’ costs is used to illustrate the differences between ChargeOut! and the machine-rate methods. The study found that the...

  14. Native, discount, or premium brand cigarettes: what types of cigarettes are Canadian youth currently smoking?

    Science.gov (United States)

    Elton-Marshall, Tara; Leatherdale, Scott T; Burkhalter, Robin

    2013-02-01

    The objective of the study was to determine the brand distribution of premium, discount, and native cigarette brands and to identify the factors associated with smoking these brands among a nationally representative sample of Canadian youth smokers. Data from 3,137 current smokers in Grades 9-12 participating in the 2008-2009 Youth Smoking Survey (YSS) were used to examine the prevalence and factors associated with different cigarette brand preferences. The most prevalent brand of cigarette smoked was premium cigarettes (44.7%), followed by discount cigarettes (33.7%), and to be native cigarettes (7.3%). There was significant variability in brand preference by province with the majority of youth in Atlantic Canada and Quebec smoking a discount brand of cigarettes and higher prevalence rates of native cigarette use in Ontario and Quebec. Respondents were more likely to smoke discount cigarettes if they were female, daily smokers, or if they only had $1-20 a week in spending money. Respondents were more likely to smoke native cigarettes if they were Aboriginal, heavier smokers, or if they reported having no weekly spending money. A significant proportion of students from Grade 9 to 12 in Canada smoke cigarettes that are more affordable than premium brands and it appears that the market share for these more affordable cigarette options has increased in recent years. Given that the price of cigarettes is an important determinant in youth smoking behavior, it is critical to develop and continue to enforce tobacco control strategies designed to eliminate access to cheaper sources of cigarettes among youth populations.

  15. Societal Discounting of Health Effects in Cost-Effectiveness Analyses: The Influence of Life Expectancy

    OpenAIRE

    Suzanne Polinder; Willem Jan Meerding; Job van Exel; Werner Brouwer

    2005-01-01

    Background: Increasing life expectancy and decreasing marginal valuation of additional QALYs over time may serve as a basis for discounting future health effects from a societal perspective. Therefore, we tested the hypothesis that societal time preference for health is related to perceived future life expectancy. Methods: A sample of 223 people from the general population prioritised healthcare programmes with differential timing of health benefits and costs from a societal perspective. Furt...

  16. Integrated supply chain inventory model with quality improvement involving controllable lead time and backorder price discount

    Directory of Open Access Journals (Sweden)

    Prashant Jindal

    2016-06-01

    Full Text Available For the past four decades the integrated vendor and buyer supply chain inventory model has been an interesting topic, but quality improvement of defective items in the integrated inventory model with backorder price discount involving controllable lead time has been rarely discussed. The aim of this paper is to minimize the total related cost in the continuous review model by considering the order quantity, reorder point, lead time, process quality, backorder price discount and number of shipment as decision variables. Moreover, we assume that an investment function is used to improve the process quality. The lead time demand follows a normal distribution. In addition, the buyer offers backorder price discount to motivate the customers for possible backorders. There are some defective items in the arrival lot, so its treatment is also taken in account in this paper. We develop an iterative procedure for finding the optimal values of decision variables and numerical example is presented to illustrate the solution procedure. Additionally, sensitivity analysis with respect to major parameters is also carried out.

  17. METHODS OF CALCULATING DISCOUNT AND CAPITALIZATION RATES TO VALUATING REAL ESTATE IN ACCORDANCE WITH MARKETS CONDITIONS

    Directory of Open Access Journals (Sweden)

    L. Chubuk

    2013-09-01

    Full Text Available The existent methods of determination of the discount and capitalization rates for the valuation of the profitable real estate are analyzed from point of their prevalence, advantages and lacks of application. The alternative methods for setting the discount rates are selected (Galasyuk’s method. There are resulted recommendations in relation to approaching calculated size of the discount and capitalization rates to the real market information. In particular, expansion of the use of actually attained level of the expected return on the invested capital is offered. The actual values of capitalization rates on the office, commercial, ware-house real estate market in the capital of Ukraine are examined for period from 2008 to 2013, which evidence of considerable changeability of investment return indexes. There is confirmed the necessity of increasing the size of corrections in supply price to the level 18-20% for calculation of the capitalization rates after the method of market extraction. There is also propagates the account of additional market factors at the construction of recapitalization rates after the Invud’s method: annual growth (decline of leasing rates that are obtained from the profit real estate object; annual growth (decline of cost of the real property object; a percent of diminishing of cost of the real estate object in result of all kinds of depreciation (when residual value differ from a zero.

  18. Steep delay discounting and addictive behavior: a meta-analysis of continuous associations.

    Science.gov (United States)

    Amlung, Michael; Vedelago, Lana; Acker, John; Balodis, Iris; MacKillop, James

    2017-01-01

    To synthesize continuous associations between delayed reward discounting (DRD) and both addiction severity and quantity-frequency (QF); to examine moderators of these relationships; and to investigate publication bias. Meta-analysis of published studies examining continuous associations between DRD and addictive behaviors. Published, peer-reviewed studies on addictive behaviors (alcohol, tobacco, cannabis, stimulants, opiates and gambling) were identified via PubMed, MEDLINE and PsycInfo. Studies were restricted to DRD measures of monetary gains. Random-effects meta-analysis was conducted using Pearson's r as the effect size. Publication bias was evaluated using fail-safe N, Begg-Mazumdar and Egger's tests, meta-regression of publication year and effect size and imputation of missing studies. The primary meta-analysis revealed a small magnitude effect size that was highly significant (r = 0.14, P addictive behavior (P = 0.30) or DRD assessment (P = 0.90). Indices of publication bias suggested a modest impact of unpublished findings. Delayed reward discounting is associated robustly with continuous measures of addiction severity and quantity-frequency. This relation is generally robust across type of addictive behavior and delayed reward discounting assessment modality. © 2016 Society for the Study of Addiction.

  19. Social discounting involves modulation of neural value signals by temporoparietal junction.

    Science.gov (United States)

    Strombach, Tina; Weber, Bernd; Hangebrauk, Zsofia; Kenning, Peter; Karipidis, Iliana I; Tobler, Philippe N; Kalenscher, Tobias

    2015-02-03

    Most people are generous, but not toward everyone alike: generosity usually declines with social distance between individuals, a phenomenon called social discounting. Despite the pervasiveness of social discounting, social distance between actors has been surprisingly neglected in economic theory and neuroscientific research. We used functional magnetic resonance imaging (fMRI) to study the neural basis of this process to understand the neural underpinnings of social decision making. Participants chose between selfish and generous alternatives, yielding either a large reward for the participant alone, or smaller rewards for the participant and another individual at a particular social distance. We found that generous choices engaged the temporoparietal junction (TPJ). In particular, the TPJ activity was scaled to the social-distance-dependent conflict between selfish and generous motives during prosocial choice, consistent with ideas that the TPJ promotes generosity by facilitating overcoming egoism bias. Based on functional coupling data, we propose and provide evidence for a biologically plausible neural model according to which the TPJ supports social discounting by modulating basic neural value signals in the ventromedial prefrontal cortex to incorporate social-distance-dependent other-regarding preferences into an otherwise exclusively own-reward value representation.

  20. Discounting in agro-industrial complex. A methodological proposal for risk premium

    Directory of Open Access Journals (Sweden)

    Inmaculada Marques-Perez

    2017-04-01

    Full Text Available The estimation of the discount rate is decisive for a reliable economic valuation. The discount rate has to be adjusted for the risks related to the company, the sector which the company has its market, and the risks related to the investment project. We present a proposal to incorporate the risk premium to the discount rate. The novelty of the methodology is that difference risk groups according to activity as a factor to adjust the cost of capital to companies. The study applies the methodology to the Agro-Industrial Complex (AIC in Spain. The AIC is formed by industries that add value to farming production. This sector’s economic success demands financial management techniques that assess risk. The conventional method responds neither to the heterogeneity of the economic activities that make up the AIC, nor to differentiating risk by groups. The proposed methodology distinguishes activity groups in accordance with the NACE (National Code of Economic Activities and uses net profitability variability to distinguish the risk in each group. Our results demonstrate the various levels of risk per group. The results show that among all the groups that form the AIC there are wide differences between levels of risk; thus, the risk neutral groups present risk levels on the order of 150 times lower than the groups extreme risk levels.

  1. PENGARUH PERENCANAAN PEMBELIAN BAHAN BAKU DENGAN MODEL EOQ UNTUK MULTIITEM DENGAN ALL UNIT DISCOUNT

    Directory of Open Access Journals (Sweden)

    Much. Djunaidi

    2005-12-01

    Full Text Available Perusahaan kebanyakan, pada kenyataannya didapati memesan secara simultan pada satu supplier dari pada memesan per item. Salah satu dari perusahaan tersebut adalah PT. Sari Warna Asli IV Karanganyar. Pemesanan yang terdiri dari beberapa item sekaligus dikenal dengan joint replenishment order. Pada dasarnya sistem ini mempunyai prinsip bahwa biaya marginal dari menambah suatu pesanan item kedalam pesanan item-item lain yang sudah ada lebih murah daripada mengirim dalam lot yang lebih kecil beberapa kali. Dalam kasus persediaan di perusahaan ini supplier memberikan discount berdasar pada jumlah atau nilai item yang dibeli. Model dasar EOQ tidak membahas adanya permintaan multi-item dan adanya potongan harga yang diberikan oleh supplier. Jadi pada penelitian ini akan dikembangkan model persediaan dengan mempertimbangkan permintaan multi-item dengan unit discount. Sehingga didapatkan total biaya persediaan yang minimal. Untuk mendapatkan model matematis EOQ multi-item dengan all unit discount didapat dengan cara menurunkan ongkos total terhadap periode antar pemesanan (t dan menyamakannya dengan nol untuk mendapatkan jarak pemesanan optimal (t*dan ukuran pemesanan optimal yang menyebabkan ongkos total menjadi minimum. Pada penerapan model di PT. Sari Warna Asli IV, diperoleh hasil bahwa periode pesan dilakukan setiap 0,0146 (4 hari dengan kuantitas pesan optimal Q1*(Cotton 100% = 315.864 yard/pesan, Q2*(Polyester 100% = 298.864  yard/pesan dan Q3*(Tetron= 290.976 yard/pesan. Maka akan diperoleh biaya total persediaan yang minimum sebesar Rp. 174.457.515.100.

  2. Interrelationships between marijuana demand and discounting of delayed rewards: Convergence in behavioral economic methods.

    Science.gov (United States)

    Aston, Elizabeth R; Metrik, Jane; Amlung, Michael; Kahler, Christopher W; MacKillop, James

    2016-12-01

    Distinct behavioral economic domains, including high perceived drug value (demand) and delay discounting (DD), have been implicated in the initiation of drug use and the progression to dependence. However, it is unclear whether frequent marijuana users conform to a "reinforcer pathology" addiction model wherein marijuana demand and DD jointly increase risk for problematic marijuana use and cannabis dependence (CD). Participants (n=88, 34% female, 14% cannabis dependent) completed a marijuana purchase task at baseline. A delay discounting task was completed following placebo marijuana cigarette (0% THC) administration during a separate experimental session. Marijuana demand and DD were quantified using area under the curve (AUC). In multiple regression models, demand uniquely predicted frequency of marijuana use while DD did not. In contrast, DD uniquely predicted CD symptom count while demand did not. There were no significant interactions between demand and DD in either model. These findings suggest that frequent marijuana users exhibit key constituents of the reinforcer pathology model: high marijuana demand and steep discounting of delayed rewards. However, demand and DD appear to be independent rather than synergistic risk factors for elevated marijuana use and risk for progression to CD. Findings also provide support for using AUC as a singular marijuana demand metric, particularly when also examining other behavioral economic constructs that apply similar statistical approaches, such as DD, to support analytic methodological convergence. Copyright © 2016 Elsevier Ireland Ltd. All rights reserved.

  3. Social discounting involves modulation of neural value signals by temporoparietal junction

    Science.gov (United States)

    Strombach, Tina; Weber, Bernd; Hangebrauk, Zsofia; Kenning, Peter; Karipidis, Iliana I.; Tobler, Philippe N.; Kalenscher, Tobias

    2015-01-01

    Most people are generous, but not toward everyone alike: generosity usually declines with social distance between individuals, a phenomenon called social discounting. Despite the pervasiveness of social discounting, social distance between actors has been surprisingly neglected in economic theory and neuroscientific research. We used functional magnetic resonance imaging (fMRI) to study the neural basis of this process to understand the neural underpinnings of social decision making. Participants chose between selfish and generous alternatives, yielding either a large reward for the participant alone, or smaller rewards for the participant and another individual at a particular social distance. We found that generous choices engaged the temporoparietal junction (TPJ). In particular, the TPJ activity was scaled to the social-distance–dependent conflict between selfish and generous motives during prosocial choice, consistent with ideas that the TPJ promotes generosity by facilitating overcoming egoism bias. Based on functional coupling data, we propose and provide evidence for a biologically plausible neural model according to which the TPJ supports social discounting by modulating basic neural value signals in the ventromedial prefrontal cortex to incorporate social-distance–dependent other-regarding preferences into an otherwise exclusively own-reward value representation. PMID:25605887

  4. Solar Indices - Solar Corona

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Collection includes a variety of indices related to solar activity contributed by a number of national and private solar observatories located worldwide. This...

  5. Solar Indices - Solar Flares

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Collection includes a variety of indices related to solar activity contributed by a number of national and private solar observatories located worldwide. This...

  6. Solar Indices - Solar Irradiance

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Collection includes a variety of indices related to solar activity contributed by a number of national and private solar observatories located worldwide. This...

  7. Solar Indices - Solar Ultraviolet

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Collection includes a variety of indices related to solar activity contributed by a number of national and private solar observatories located worldwide. This...

  8. Solar production of industrial process steam ranging in temperature from 300/sup 0/F to 550/sup 0/F (Phase I). Volume 2. Appendices. Final report

    Energy Technology Data Exchange (ETDEWEB)

    1979-06-30

    This volume contains the following appendices: (1) equipment requisitions, (2) instrument list, (3) mechanical subcontract requisition, (4) electrical subcontract requisition, (5) site preparation and subcontract requisition, (6) building subcontract requisition, and (7) job specifications. (MOW)

  9. SeaWiFS Postlaunch Technical Report Series. Volume 5; The SeaWiFS Solar Radiation-Based Calibration and the Transfer-to-Orbit Experiment

    Science.gov (United States)

    Hooker, Stanford B. (Editor); Firestone, Elaine R. (Editor); Barnes, Robert A.; Eplee, Robert E., Jr.; Biggar, Stuart F.; Thome, Kurtis J.; Zalewski, Edward F.; Slater, Philip N.; Holmes, Alan W.

    1999-01-01

    The solar radiation-based calibration (SRBC) of the Sea-viewing Wide Field-of-view Sensor (SeaWiFS) was performed on 1 November 1993. Measurements were made outdoors in the courtyard of the instrument manufacturer. SeaWiFS viewed the solar irradiance reflected from the sensor's diffuser in the same manner as viewed on orbit. The calibration included measurements using a solar radiometer designed to determine the transmittances of principal atmospheric constituents. The primary uncertainties in the outdoor measurements are the transmission of the atmosphere and the reflectance of the diffuser. Their combined uncertainty is about 5 or 6%. The SRBC also requires knowledge of the extraterrestrial solar spectrum. Four solar models are used. When averaged over the responses of the SeaWiFS bands, the irradiance models agree at the 3.6% level, with the greatest difference for SeaWiFS band 8. The calibration coefficients from the SRBC are lower than those from the laboratory calibration of the instrument in 1997. For a representative solar model, the ratios of the SRBC coefficients to laboratory values average 0.962 with a standard deviation of 0.012. The greatest relative difference is 0.946 for band 8. These values are within the estimated uncertainties of the calibration measurements. For the transfer-to-orbit experiment, the measurements in the manufacturer's courtyard are used to predict the digital counts from the instrument on its first day on orbit (August 1, 1997). This experiment requires an estimate of the relative change in the diffuser response for the period between the launch of the instrument and its first solar measurements on orbit (September 9, 1997). In relative terms, the counts from the instrument on its first day on orbit averaged 1.3% higher than predicted, with a standard deviation of 1.2% and a greatest difference of 2.4% or band 7. The estimated uncertainty for the transfer-to-orbit experiment is about 3 or 4%.

  10. Food and beverage price discounts to improve health in remote Aboriginal communities: mixed method evaluation of a natural experiment.

    Science.gov (United States)

    Ferguson, Megan; O'Dea, Kerin; Holden, Stacey; Miles, Eddie; Brimblecombe, Julie

    2017-02-01

    Retrospectively evaluate food price discounts in remote Aboriginal community stores. Four price discount strategies of 10% were designed in 2010, aiming to influence grocery, fruit, vegetables and diet soft-drink sales. This natural experiment across a group of stores was evaluated using an explanatory, sequential mixed method design through analysis of store point-of-sale, document, observation and interview data. The outcome was measured by change in: 1) percentage of grocery sales to total food and beverage; 2) fruit and vegetable sales; and 3) diet soft-drink sales. Qualitative data enabled the interpretation of outcomes through understanding perceived success and benefits, and enablers and barriers to implementation. Eighteen community stores and 54 informants participated. While targeted price discounts were considered important to improving health, no discernible effect was evident, due to inadequate design and communication of discount promotion, and probably inadequate magnitude of discount. Strategy impact on food and beverage sales was limited by promotion and magnitude of discount. Implication for Public Health: This study demonstrates key factors and commitment required to design, communicate, implement and monitor strategies to improve health in this challenging remote retail context. Evaluation of natural experiments can contribute evidence to policy-making. © 2016 The Authors.

  11. Delay discounting and the use of mindful attention versus distraction in the treatment of drug addiction: a conceptual review.

    Science.gov (United States)

    Ashe, Melinda L; Newman, Michelle G; Wilson, Stephen J

    2015-01-01

    In recent decades, researchers have integrated measurements of delay discounting, how the subjective valuation of a reward changes as a function of time, into their study of addiction. Research has begun to explore the idea that delay discounting may serve as both a marker for the effectiveness of existing treatments for addiction and a potential target for novel intervention strategies. As this work is in its infancy, many potentially significant connections between the construct of delay discounting and the treatment of addiction have yet to be explored. Here, we present a conceptual review highlighting novel points of intersection between delay discounting and two approaches to treating addiction that have become increasingly popular in recent years: those that focus on the development of mindfulness skills and those that emphasize the use of distraction techniques. Viewing these two techniques through the lens of delay discounting is particularly intriguing because of the very different way that they address the experience of drug cravings in the present moment (nonjudgmentally attending to vs. shifting attention away from subjective cravings, respectively). We propose that these opposing strategies for dealing with cravings may interact with delay discounting in ways that have important implications for treatment effectiveness. © Society for the Experimental Analysis of Behavior.

  12. Irrigation market for solar-thermal parabolic-dish systems

    Energy Technology Data Exchange (ETDEWEB)

    Habib-agahi, H.; Jones, S.C.

    1981-09-01

    The potential size of the onfarm-pumped irrigation market for solar thermal parabolic dish systems in seven high-insolation states is estimated. The study is restricted to the displacement of three specific fuels: gasoline, diesel and natural gas. A model was developed to estimate the optimal number of parabolic dish modules per farm based on the minimum cost mix of conventional and solar thermal energy required to meet irrigation needs. Results indicate that the near-term market for such systems depends not only on the type of crop and method of irrigation, but also on the optimal utilization of each added module, which in turn depends on the price of conventional fuel, real discount rate, marginal cost of the solar thermal power system, local insolation level and parabolic dish system efficiency. The study concludes that the potential market size for onfarm-pumped irrigation applications ranges from 101,000 modules when a 14% real discount rate is assumed to 220,000 modules when the real discount rate drops to 8%. Arizona, Kansas, Nebraska, New Mexico and Texas account for 98% of the total demand for this application, with the natural gas replacement market accounting for the largest segment (71%) of the total market.

  13. Results of reference pricing and reimbursement discount rate schemes of Turkey

    Directory of Open Access Journals (Sweden)

    Guvenc Kockaya

    2013-06-01

    Full Text Available OBJECTIVES: General Directorate of Pharmaceuticals and Pharmacy (IEGM is responsible for setting all prices for human medicinal products. The reference pricing system is used for setting these prices. Reference countries are reviewed annually and may be subject to certain alterations. There were 5 reference countries in 2009: Spain, Italy, Germany, France and Greece. The aim of this study is to show the distribution of reference countries which were used for reference pricing.METHODS: The price list of pharmaceuticals which was published by IEGM on 15.04.2011 was used for analysis. Distribution of reference countries and prices were evaluated.RESULTS: Prices of 6,251 generic and 3,703 original products were set according to the price list. 5,283 of generics and 3,306 of originals were in the positive list for reimbursement. Reference pricing was used for 2,352 generics and 2,281 originals. Prices of the remaining were set outside of reference pricing. 32 different countries were used for reference pricing. Italy was the most popular country for reference pricing. Even if it was not a reference country, Germany was used in some of the pharmaceuticals. The average reimbursement discount rate and price were 24.43% and 249 TL, respectively. There were no colerations between price and reimbursement discount rate, or reference country and reimbursement rate.CONCLUSION: It has been shown that Italy has the highest impact on the pricing of all pharmaceuticals in Turkey. Even if it was not a reference country, Germany showed to affect pharmaceuticals more than other countries which were also not used for reference pricing. Even if reimbursement discount rates are stated by the Social Security Institution (SGK, there are different discount rates for pharmaceuticals. The analysis stated that there were correlation between price, country and discount rates. This analysis is first for the literature. Further analysis is necessary in the light of price

  14. Solar Variability and Planetary Climates

    CERN Document Server

    Calisesi, Y; Gray, L; Langen, J; Lockwood, M

    2007-01-01

    Variations in solar activity, as revealed by variations in the number of sunspots, have been observed since ancient times. To what extent changes in the solar output may affect planetary climates, though, remains today more than ever a subject of controversy. In 2000, the SSSI volume on Solar Variability and Climate reviewed the to-date understanding of the physics of solar variability and of the associated climate response. The present volume on Solar Variability and Planetary Climates provides an overview of recent advances in this field, with particular focus at the Earth's middle and lower atmosphere. The book structure mirrors that of the ISSI workshop held in Bern in June 2005, the collection of invited workshop contributions and of complementary introductory papers synthesizing the current understanding in key research areas such as middle atmospheric processes, stratosphere-troposphere dynamical coupling, tropospheric aerosols chemistry, solar storm influences, solar variability physics, and terrestri...

  15. Compact Solar Combisystem for an Apartment Building

    National Research Council Canada - National Science Library

    Bolonina, Alona; Rochas, Claudio; Kibure, Inese; Rosa, Marika; Blumberga, Dagnija

    2010-01-01

    ... _________________________________________________________________________________ Volume 4 29 Compact Solar Combisystem for an Apartment Building Alona Bolonina, Institute of Energy Systems and Environment, Riga Technical University, Claudio...

  16. Assessment of generic solar thermal systems for large power applications. Volume II. Analysis of thermal energy production costs for systems from 50 to 600 MWt

    Energy Technology Data Exchange (ETDEWEB)

    Bird, S.P.; Apley, W.J.; Barnhart, J.S.; Brown, D.R.; Drost, M.K.; Fort, J.A.; Garrett-Price, B.A.; Williams, T.A.

    1981-06-01

    A comparative analysis of solar thermal concepts that are potentially suitable for development as large process heat systems (50 to 600 MWt) was performed. The concepts considered can be classified into three categories based on the type of solar tracking used by the collector: (1) two-axis tracking, in which concentrators track the sun's motion in both azimuth and altitude; (2) one-axis tracking, in which concentrators track changes in either azimuth or altitude; and (3) non-tracking, in which the concentrators are fixed. Seven generic types of collectors were considered. Conceptual designs developed for the seven systems were based on common assumptions of available technology in the 1990 to 2000 time frame. Costs were estimated on the basis of identical assumptions, ground rules, methodologies, and unit costs of materials and labor applied uniformly to all of the concepts.

  17. Towards a social discount rate for the economic evaluation of health technologies in Germany: an exploratory analysis.

    Science.gov (United States)

    Schad, Mareike; John, Jürgen

    2012-04-01

    Over the last decades, methods for the economic evaluation of health care technologies were increasingly used to inform reimbursement decisions. For a short time, the German Statutory Health Insurance makes use of these methods to support reimbursement decisions on patented drugs. In this context, the discounting procedure emerges as a critical component of these methods, as discount rates can strongly affect the resulting incremental cost-effectiveness ratios. The aim of this paper is to identify the appropriate value of a social discount rate to be used by the German Statutory Health Insurance for the economic evaluation of health technologies. On theoretical grounds, we build on the widespread view of contemporary economists that the social rate of time preference (SRTP) is the adequate social discount rate. For quantifying the SRTP, we first apply the market behaviour approach, which assumes that the SRTP is reflected in observable market interest rates. As a second approach, we derive the SRTP from optimal growth theory by using the Ramsey equation. A major part of the paper is devoted to specify the parameters of this equation. Depending on various assumptions, our empirical findings result in the range of 1.75-4.2% for the SRTP. A reasonable base case discount rate for Germany, thus, would be about 3%. Furthermore, we deal with the much debated question whether a common discount rate for costs and health benefits or a lower rate for health should be applied in health economic evaluations. In the German social health insurance system, no exogenously fixed budget constraint does exist. When evaluating a new health technology, the health care decision maker is obliged to conduct an economic evaluation in order to examine whether there is an economically appropriate relation between the value of the health gains and the additional costs which are given by the value of the consumption losses due to the additional health care expenditures. Therefore, a discount

  18. Development of smart solar tanks

    DEFF Research Database (Denmark)

    Furbo, Simon; Andersen, Elsa

    1999-01-01

    The aim of the project is to develop smart solar tanks. A smart solar tank is a tank in which the domestic water can bee heated both by solar collectors and by an auxiliary energy supply system. The auxiliary energy supply system heats up the hot-water tank from the top and the water volume heated...... by the auxiliary energy supply system is fitted to the hot water consumption and consumption pattern. In periods with a large hot-water demand the volume is large, in periods with a small hot-water demand the volume is small. Based on measurements and calculations the advantage of smart SDHW systems is visualised....

  19. EVALUATION OF OPPORTUNITIES OF SOLAR ENERGETICS ON THE BASIS OF ACCURATE GROUND-BASED MEASUREMENTS OF SOLAR RADIATION

    Directory of Open Access Journals (Sweden)

    Aculinin A.

    2008-04-01

    Full Text Available Expected quantity of a solar energy received by solar panel is estimated on the basis of accurate measurements of solar radiation in Kishinev. Optimal orientation of solar panels and apparent volume of the electric power generated by solar panels are determined.

  20. Solar building

    OpenAIRE

    Zhang, Luxin

    2014-01-01

    In my thesis I describe the utilization of solar energy and solar energy with building integration. In introduction it is also mentioned how the solar building works, trying to make more people understand and accept the solar building. The thesis introduces different types of solar heat collectors. I compared the difference two operation modes of solar water heating system and created examples of solar water system selection. I also introduced other solar building applications. It is conv...

  1. Hot executive function following moderate-to-late preterm birth: altered delay discounting at 4 years of age.

    Science.gov (United States)

    Hodel, Amanda S; Brumbaugh, Jane E; Morris, Alyssa R; Thomas, Kathleen M

    2016-03-01

    Interest in monitoring long-term neurodevelopmental outcomes of children born moderate-to-late preterm (32-36 weeks gestation) is increasing. Moderate-to-late preterm birth has a negative impact on academic achievement, which may relate to differential development of executive function (EF). Prior studies reporting deficits in EF in preterm children have almost exclusively assessed EF in affectively neutral contexts in high-risk preterm children (birth remains uninvestigated, despite evidence that preterm children show differential development of neural circuitry subserving hot EF, including reduced orbitofrontal cortex volume. The present study is the first to examine whether low-risk, healthy children born moderate-to-late preterm exhibit impairments in the development of hot EF. Preterm children at age 4.5 years were less likely to choose larger, delayed rewards across all levels of reward magnitude on a delay discounting task using tangible rewards, but performed more similarly to their full-term peers on a delay aversion task involving abstract rewards and on measures of cool EF. The relationship between gestational age at birth and selection of delayed rewards extended across the entire gestational age range of the sample (32-42 weeks), and remained significant after controlling for intelligence and processing speed. Results imply that there is not a finite cut-off point at which children are spared from potential long-term neurodevelopmental effects of PT birth. Further investigation of reward processing and hot EF in individuals with a history of PT birth is warranted given the susceptibility of prefrontal cortex development to early environmental variations.

  2. Space transfer concepts and analysis for exploration missions. Implementation plan and element description document (draft final). Volume 4: Solar electric propulsion vehicle

    Science.gov (United States)

    1991-03-01

    This document presents the solar electric propulsion (SEP) concept design developed as part of the Space Transfer Concepts and Analysis for Exploration Missions (STCAEM) study. The evolution of the SEP concept is described along with the requirements, guidelines and assumptions for the design. Operating modes and options are defined and a systems description of the vehicle is presented. Artificial gravity configuration options and space and ground support systems are discussed. Finally, an implementation plan is presented which addresses technology needs, schedules, facilities, and costs.

  3. Effect of impurities and processing on silicon solar cells. Volume 1: Characterization methods for impurities in silicon and impurity effects data base

    Science.gov (United States)

    Hopkins, R. H.; Davis, J. R.; Rohatgi, A.; Campbell, R. B.; Blais, P. D.; Rai-Choudhury, P.; Stapleton, R. E.; Mollenkopf, H. C.; Mccormick, J. R.

    1980-01-01

    Two major topics are treated: methods to measure and evaluate impurity effects in silicon and comprehensive tabulations of data derived during the study. Discussions of deep level spectroscopy, detailed dark I-V measurements, recombination lifetime determination, scanned laser photo-response, conventional solar cell I-V techniques, and descriptions of silicon chemical analysis are presented and discussed. The tabulated data include lists of impurity segregation coefficients, ingot impurity analyses and estimated concentrations, typical deep level impurity spectra, photoconductive and open circuit decay lifetimes for individual metal-doped ingots, and a complete tabulation of the cell I-V characteristics of nearly 200 ingots.

  4. Applying nonlinear MODM model to supply chain management with quantity discount policy under complex fuzzy environment

    Directory of Open Access Journals (Sweden)

    Zhe Zhang

    2014-06-01

    Full Text Available Purpose: The aim of this paper is to deal with the supply chain management (SCM with quantity discount policy under the complex fuzzy environment, which is characterized as the bi-fuzzy variables. By taking into account the strategy and the process of decision making, a bi-fuzzy nonlinear multiple objective decision making (MODM model is presented to solve the proposed problem.Design/methodology/approach: The bi-fuzzy variables in the MODM model are transformed into the trapezoidal fuzzy variables by the DMs's degree of optimism ?1 and ?2, which are de-fuzzified by the expected value index subsequently. For solving the complex nonlinear model, a multi-objective adaptive particle swarm optimization algorithm (MO-APSO is designed as the solution method.Findings: The proposed model and algorithm are applied to a typical example of SCM problem to illustrate the effectiveness. Based on the sensitivity analysis of the results, the bi-fuzzy nonlinear MODM SCM model is proved to be sensitive to the possibility level ?1.Practical implications: The study focuses on the SCM under complex fuzzy environment in SCM, which has a great practical significance. Therefore, the bi-fuzzy MODM model and MO-APSO can be further applied in SCM problem with quantity discount policy.Originality/value: The bi-fuzzy variable is employed in the nonlinear MODM model of SCM to characterize the hybrid uncertain environment, and this work is original. In addition, the hybrid crisp approach is proposed to transferred to model to an equivalent crisp one by the DMs's degree of optimism and the expected value index. Since the MODM model consider the bi-fuzzy environment and quantity discount policy, so this paper has a great practical significance.

  5. Discounts on fruit and vegetables combined with a space management intervention increased sales in supermarkets.

    Science.gov (United States)

    Toft, U; Winkler, L L; Mikkelsen, B E; Bloch, P; Glümer, C

    2017-04-01

    To examine the effects of two interventions on consumer purchases of fruits and vegetables (F&V) on the Danish island of Bornholm: a 20% discount on F&V combined with improved shelf-space allocation, and improved shelf-space allocation alone. A space management intervention to promote F&V sales was performed in two large discount supermarkets on Bornholm in Denmark for 3 months (September-November 2012). In addition, a 20% discount on F&V was introduced for 3 months in one of the supermarkets ('space + price'). The effect was evaluated using sales data from the two intervention supermarkets and three control supermarkets from the same supermarket chain but in Odsherred, Denmark (control area). Both the effect on sales of fresh F&V and potential unhealthy substitution effects were evaluated using multi-level regression analyses. During the price intervention period, the index number for sales of fresh vegetables increased by 22.2% (P=0.001) in the 'space + price' intervention supermarket compared with the control supermarkets. Furthermore, the index number for the sale of organic fresh fruit and vegetables increased by 12.1% (P=0.04) and the sale of the total amount of fruit and vegetables (fresh, frozen, dried and canned) increased by 15.3% (P=0.01) compared with the control supermarkets. In the 'space only' intervention supermarket no significant increase in the sale of fruit and vegetables was found. No unhealthy substitution effects were found. In conclusion, a 20% price reduction on F&V significantly increased sales of F&V. The effect was most pronounced on vegetables and no negative/unhealthy substitution effects were found.

  6. Anxious Individuals Are Impulsive Decision-Makers in the Delay Discounting Task: An ERP Study.

    Science.gov (United States)

    Xia, Lisheng; Gu, Ruolei; Zhang, Dandan; Luo, Yuejia

    2017-01-01

    Impulsivity, which is linked to a wide range of psychiatric disorders, is often characterized by a preference for immediate but smaller rewards over delayed but larger rewards. However, debate exists on the relationship between anxiety and impulsivity. Here we use event-related potential (ERP) components as biomarkers in the temporal discounting task to examine the effect of anxiety on inter-temporal decision-making. Our behavioral results indicated that the high trait anxiety (HTA) group made significantly more immediate choices than the low trait anxiety (LTA) group. Compared with the LTA group, shorter response time was associated with immediate rewards in the HTA group. Furthermore, previous studies have demonstrated three ERP components that are associated with impulsivity and/or delay discounting. First, the N1 is an early sensory component involved in selective attention and attention processing for goal-directed actions. Second, the reward positivity (RewP) reflects reward-related dopaminergic activity and encodes reward values. Third, the P3 is regarded as a measure of motivational significance in the decision-making literature. Accordingly, this study found in the immediate-option-evoked ERPs that the HTA group had a larger N1 than the LTA group did. For the delayed-option-evoked ERPs, the HTA group had larger N1 and RewP for the immediate choice than the LTA group did, while the LTA group had a larger P3 for the delayed choice than the HTA group did. These results support the notion that anxiety individuals are impulsive decision-makers in the Delay Discounting Task.

  7. Cognitive Control Modulates Effects of Episodic Simulation on Delay Discounting in Aging

    Science.gov (United States)

    Sasse, Laura K.; Peters, Jan; Brassen, Stefanie

    2017-01-01

    Enhancing prospective thinking by tagging the future with specific episodic events has been shown to reduce delay discounting in young age (“tag-effect”). So far, it is unclear whether such beneficial effect extends to old adulthood. Since the general ability of future thinking and cognitive control are crucial modulators of temporal discounting in young age, potential age-related decline in these functions might impact on the effect. We focused on this issue by combining functional magnetic resonance imaging (fMRI) with an established intertemporal choice task including episodic “tags” in healthy older participants. Future thinking ability was assessed using autobiographical interviews for future event simulations and a visual search task was applied to assess participants’ cognitive control ability. In contrast to previous data in young adults, the group of older participants did not benefit from tagging the future with episodic events. Older participants’ cognitive control function was directly associated with discounting rates in the episodic conditions: the less the older adults were able to focus their attention the less they benefited from the inclusion of episodic events. Consistent with this, imaging results revealed that: (a) subjective value (SV) signals in the hippocampus and the anterior cingulate cortex (ACC) as well as; (b) hippocampal-striatal coupling during the episodic condition were positively related to participants’ control capacity. Our findings highlight the critical role of executive functioning for the simultaneous integration of episodic information with future value computation in aging. Boosting delay gratification by including episodic tags might hence be limited in older individuals with pronounced decline in distraction control. PMID:28352226

  8. The role of prospection in steep temporal reward discounting in gambling addiction

    Directory of Open Access Journals (Sweden)

    Antonius eWiehler

    2015-08-01

    Full Text Available Addiction and pathological gambling (PG have been consistently associated with high impulsivity and a steep devaluation of delayed rewards, a process that is known as temporal discounting (TD. Recent studies indicated that enhanced episodic future thinking (EFT results in less impulsive TD in healthy controls (HC. In a separate line of research, it has been suggested that non-linearities in time perception might contribute to reward devaluation during inter-temporal choice. Therefore, in addition to deficits in valuation processes and executive control, impairments in EFT and non-linearities in time perception have been hypothesized to contribute to steep TD in addiction. In this study, we explore such a potential association of impairments in EFT and time perception with steep TD in PG.We investigated 20 PGs and 20 matched HCs. TD was assessed via a standard computerized binary choice task. We measured EFT using a variation of the Autobiographical Memory Interview by Levine et al. (1. Time perception was assessed with a novel task, utilizing a non-linear rating procedure via circle-size adjustments.Groups did not differ in baseline EFT. In both groups, a power law accounted time perception best, and the degree of non-linearity in time perception correlated with discounting across groups. A multiple regression analysis across all predictors and covariates revealed that only group status (PG/HC and depression were significantly associated with discounting behavior such that PG increased TD and depression attenuated TD.Our findings speak against the idea that steep TD in PG is due to a skewed perception of time or impairments in EFT, at least under the present task conditions. The lack of overall group differences in EFT does not rule out the possibility of more complex interactions of EFT and decision-making. These interactions might be diminished in pathological gambling or addiction more generally, when other task configurations are used.

  9. Cueing the personal future to reduce discounting in intertemporal choice: Is episodic prospection necessary?

    Science.gov (United States)

    Kwan, Donna; Craver, Carl F; Green, Leonard; Myerson, Joel; Gao, Fuqiang; Black, Sandra E; Rosenbaum, R Shayna

    2015-04-01

    How does the ability to imagine detailed future experiences (i.e., episodic prospection) contribute to choices between immediate and delayed rewards? Individuals with amnesia do not show abnormally steep discounting in intertemporal choice, suggesting that neither medial temporal lobe (MTL) integrity nor episodic prospection is required for the valuation of future rewards (Kwan et al. (), Hippocampus, 22:1215-1219; Kwan et al. (2013), J Exp Psychol, 142:1355-1369 2013). However, hippocampally mediated episodic prospection in healthy adults reduces the discounting of future rewards (Peters and Büchel (2010), Neuron, 66:138-148; Benoit et al. (2011), J Neurosci, 31:6771-6779), raising the possibility that MTL damage causes more subtle impairments to this form of decision-making than noted in previous patient studies. Intertemporal choice appears normal in amnesic populations, yet they may be unable to use episodic prospection to adaptively modulate the value assigned to future rewards. To investigate how the extended hippocampal system, including the hippocampus and related MTL structures, contributes to the valuation of future rewards, we compared the performance of six amnesic cases with impaired episodic prospection to that of 20 control participants on two versions of an intertemporal choice task: a standard discounting task, and a cued version in which cues prompted them to imagine specific personal future events temporally contiguous with the receipt of delayed rewards. Amnesic individuals' intertemporal choices in the standard condition were indistinguishable from those of controls, replicating previous findings. Surprisingly, performance of the amnesic cases in the cued condition indicates that amnesia does not preclude flexible modulation of choices in response to future event cues, even in the absence of episodic prospection. Cueing the personal future to modulate decisions appears to constitute a less demanding or a qualitatively different (e.g., personal

  10. Anxious Individuals Are Impulsive Decision-Makers in the Delay Discounting Task: An ERP Study

    Science.gov (United States)

    Xia, Lisheng; Gu, Ruolei; Zhang, Dandan; Luo, Yuejia

    2017-01-01

    Impulsivity, which is linked to a wide range of psychiatric disorders, is often characterized by a preference for immediate but smaller rewards over delayed but larger rewards. However, debate exists on the relationship between anxiety and impulsivity. Here we use event-related potential (ERP) components as biomarkers in the temporal discounting task to examine the effect of anxiety on inter-temporal decision-making. Our behavioral results indicated that the high trait anxiety (HTA) group made significantly more immediate choices than the low trait anxiety (LTA) group. Compared with the LTA group, shorter response time was associated with immediate rewards in the HTA group. Furthermore, previous studies have demonstrated three ERP components that are associated with impulsivity and/or delay discounting. First, the N1 is an early sensory component involved in selective attention and attention processing for goal-directed actions. Second, the reward positivity (RewP) reflects reward-related dopaminergic activity and encodes reward values. Third, the P3 is regarded as a measure of motivational significance in the decision-making literature. Accordingly, this study found in the immediate-option-evoked ERPs that the HTA group had a larger N1 than the LTA group did. For the delayed-option-evoked ERPs, the HTA group had larger N1 and RewP for the immediate choice than the LTA group did, while the LTA group had a larger P3 for the delayed choice than the HTA group did. These results support the notion that anxiety individuals are impulsive decision-makers in the Delay Discounting Task. PMID:28174528

  11. Decoupling crystalline volume fraction and V{sub OC} in microcrystalline silicon pin solar cells by using a {mu}c-Si:F:H intrinsic layer

    Energy Technology Data Exchange (ETDEWEB)

    Zhang, Q.; Johnson, E.V.; Djeridane, Y.; Abramov, A.; Roca i Cabarrocas, P. [LPICM-CNRS, Ecole Polytechnique, Palaiseau (France)

    2008-08-15

    Microcrystalline silicon thin film pin solar cells with a highly crystallized intrinsic {mu}c-Si:F:H absorber were prepared by RF-plasma enhanced chemical vapour deposition using SiF{sub 4} as the gas precursor. The cells were produced with a vacuum break between the doped layer and intrinsic layer depositions, and the effect of different subsequent interface treatment processes was studied. The use of an intrinsic {mu}c-Si:H p/i buffer layer before the first air break increased the short circuit current density from 22.3 mA/cm{sup 2} to 24.7 mA/cm{sup 2}. However, the use of a hydrogen-plasma treatment after both air breaks without an interface buffer layer improved both the open circuit voltage and the fill factor. Although the material used for the absorber layer showed a very high crystalline fraction and thus an increased spectral response at long wavelengths, an open-circuit voltage (V{sub OC}) of 0.523 V was nevertheless observed. Such a value of V{sub OC} is higher than is typically obtained in devices that employ a highly crystallized absorber as reported in the literature (see abstract figure). Using a hydrogen-plasma treatment, a single junction {mu}c-Si:F:H pin solar cell with an efficiency of 8.3% was achieved. (copyright 2008 WILEY-VCH Verlag GmbH and Co. KGaA, Weinheim) (orig.)

  12. On the Expected Discounted Penalty Function in a Delayed-claims Risk Model

    Institute of Scientific and Technical Information of China (English)

    Hui MENG; Guo-jing WANG

    2012-01-01

    In this paper,we consider a risk model in which each main claim may induce a delayed claim,called a by-claim.We assume that the time for the occurrence of a by-claim is random.We investigate the expected discounted penalty function,and derive the defective renewal equation satisfied by it.We obtain some explicit results when the main claim and the by-claim are both exponentially distributed,respectively.We also present some numerical illustrations.

  13. Discounted Cash Flow and Modern Asset Pricing Methods - Project Selection and Policy Implications

    Energy Technology Data Exchange (ETDEWEB)

    Emhjellen, Magne; Alaouze, Chris M.

    2002-07-01

    We examine the differences in the net present values (NPV's) of North Sea oil projects obtained using the Weighted Average Cost of Capital (WACC) and a Modern Asset Pricing (MAP) method which involves the separate discounting of project cash flow components. NPV differences of more than $1 Om were found for some oil projects. Thus, the choice of valuation method will affect the development decisions of oil companies. The results of the MAP method are very sensitive to the choice of parameter values for the stochastic process used to model oil prices. Further research is recommended before the MAP method is used as the sole valuation model. (author)

  14. Determination of growth rates as an input of the stock discount valuation models

    Directory of Open Access Journals (Sweden)

    Momčilović Mirela

    2013-01-01

    Full Text Available When determining the value of the stocks with different stock discount valuation models, one of the important inputs is expected growth rate of dividends, earnings, cash flows and other relevant parameters of the company. Growth rate can be determined by three basic ways, and those are: on the basis of extrapolation of historical data, on the basis of professional assessment of the analytics who follow business of the company and on the basis of fundamental indicators of the company. Aim of this paper is to depict theoretical basis and practical application of stated methods for growth rate determination, and to indicate their advantages, or deficiencies.

  15. \\alpha-Discounting Multi-Criteria Decision Making (\\alpha-D MCDM)

    CERN Document Server

    Smarandache, Florentin

    2010-01-01

    In this paper we introduce a new method called \\alpha-Discounting Multi-Criteria Decision Making (\\alpha-D MCDM), which is an aletrnative and extension of Saaty's Analytical Hierarchy Process (AHP). It works for any set of preferences that can be transformed into a system of homogeneous linear equations. A degree of consistency (and implicitly a degree of inconsistency) of a decision-making problem are defined. \\alpha-D MCDM is then generalized to a set of preferences that can be transformed into a system of linear and/or non-linear equations and/or inequalities. Many consistent, weak inconsistent, and strong inconsistent examples are given.

  16. Discounted Cash Flow and Modern Asset Pricing Methods - Project Selection and Policy Implications

    Energy Technology Data Exchange (ETDEWEB)

    Emhjellen, Magne; Alaouze, Chris M.

    2002-07-01

    We examine the differences in the net present values (NPV's) of North Sea oil projects obtained using the Weighted Average Cost of Capital (WACC) and a Modern Asset Pricing (MAP) method which involves the separate discounting of project cash flow components. NPV differences of more than $1 Om were found for some oil projects. Thus, the choice of valuation method will affect the development decisions of oil companies. The results of the MAP method are very sensitive to the choice of parameter values for the stochastic process used to model oil prices. Further research is recommended before the MAP method is used as the sole valuation model. (author)

  17. Central Receiver Solar Thermal Power System, Phase 1. CDRL Item 2. Pilot Plant preliminary design report. Volume III, Book 1. Collector subsystem

    Energy Technology Data Exchange (ETDEWEB)

    Hallet, Jr., R. W.; Gervais, R. L.

    1977-10-01

    The central receiver system consists of a field of heliostats, a central receiver, a thermal storage unit, an electrical power generation system, and balance of plant. This volume discusses the collector field geometry, requirements and configuration. The development of the collector system and subsystems are discussed and the selection rationale outlined. System safety and availability are covered. Finally, the plans for collector portion of the central receiver system are reviewed.

  18. Phase 1 of the First Solar Small Power System Experiment (experimental System No. 1). Volume 1: Technical Studies for Solar Point-focusing, Distributed Collector System, with Energy Conversion at the Collector, Category C

    Science.gov (United States)

    Clark, T. B. (Editor)

    1979-01-01

    The technical and economic feasibility of a solar electric power plant for a small community is evaluated and specific system designs for development and demonstration are selected. All systems investigated are defined as point focusing, distributed receiver concepts, with energy conversion at the collector. The preferred system is comprised of multiple parabolic dish concentrators employing Stirling cycle engines for power conversion. The engine, AC generator, cavity receiver, and integral sodium pool boiler/heat transport system are combined in a single package and mounted at the focus of each concentrator. The output of each concentrator is collected by a conventional electrical distribution system which permits grid-connected or stand-alone operation, depending on the storage system selected.

  19. Phase 1 of the First Small Power System Experiment (engineering Experiment No. 1). Volume 3: Experimental System Descriptions. [development and testing of a solar thermal power plant

    Science.gov (United States)

    Holl, R. J.

    1979-01-01

    The design and development of a modular solar thermal power system for application in the 1 to 10 MWe range is described. The system consists of five subsystems: the collector, power conversion, energy transport, energy storage, and the plant control subsystem. The collector subsystem consists of concentrator, receiver, and tower assemblies. The energy transport subsystem uses a mixture of salts with a low melting temperature to transport thermal energy. A steam generator drives a steam Rankine cycle turbine which drives an electrical generator to produce electricity. Thermal and stress analysis tests are performed on each subsystem in order to determine the operational reliability, the minimum risk of failure, and the maintenance and repair characteristics.

  20. A solution procedure for mixed-integer nonlinear programming formulation of supply chain planning with quantity discounts under demand uncertainty

    Science.gov (United States)

    Yin, Sisi; Nishi, Tatsushi

    2014-11-01

    Quantity discount policy is decision-making for trade-off prices between suppliers and manufacturers while production is changeable due to demand fluctuations in a real market. In this paper, quantity discount models which consider selection of contract suppliers, production quantity and inventory simultaneously are addressed. The supply chain planning problem with quantity discounts under demand uncertainty is formulated as a mixed-integer nonlinear programming problem (MINLP) with integral terms. We apply an outer-approximation method to solve MINLP problems. In order to improve the efficiency of the proposed method, the problem is reformulated as a stochastic model replacing the integral terms by using a normalisation technique. We present numerical examples to demonstrate the efficiency of the proposed method.

  1. Strategy Iteration Is Strongly Polynomial for 2-Player Turn-Based Stochastic Games with a Constant Discount Factor

    DEFF Research Database (Denmark)

    Hansen, Thomas Dueholm; Miltersen, Peter Bro; Zwick, Uri

    2013-01-01

    -based stochastic games with discounted zero-sum rewards. This provides the first strongly polynomial algorithm for solving these games, solving a long standing open problem. Combined with other recent results, this provides a complete characterization of the complexity the standard strategy iteration algorithm......Ye [2011] showed recently that the simplex method with Dantzig’s pivoting rule, as well as Howard’s policy iteration algorithm, solve discounted Markov decision processes (MDPs), with a constant discount factor, in strongly polynomial time. More precisely, Ye showed that both algorithms terminate...... terminates after at most O(m1−γ log n1−γ) iterations. Second, and more importantly, we show that the same bound applies to the number of iterations performed by the strategy iteration (or strategy improvement) algorithm, a generalization of Howard’s policy iteration algorithm used for solving 2-player turn...

  2. Impaired executive control and reward circuit in Internet gaming addicts under a delay discounting task: independent component analysis.

    Science.gov (United States)

    Wang, Yifan; Wu, Lingdan; Zhou, Hongli; Lin, Xiao; Zhang, Yifen; Du, Xiaoxia; Dong, Guangheng

    2017-04-01

    This study utilized independent component analysis to explore the abnormal functional connectivity (FC) in male participants with Internet gaming disorder (IGD). Functional magnetic resonance imaging and behavioral data were collected from 21 healthy controls (HC) and 18 IGD patients when they were performing a delay discounting task. Behavioral results revealed that the IGD patients showed higher delay discounting rates than HC. Two networks were found to be associated with IGD: (1) the executive control network containing the anterior cingulate cortex and the medial and superior frontal gyrus, and (2) the basal ganglia network containing the lentiform nucleus. Comparing to HC, IGD exhibited stronger FC when selecting small and now options. In addition, the delay discounting rates were positively correlated with the modulation of the two networks and the reaction time. The results suggested that the IGD patients have enhanced sensitivity to reward and decreased ability to control their impulsivity effectively, which leads to myopic decision making.

  3. The nature of impulsivity: visual exposure to natural environments decreases impulsive decision-making in a delay discounting task.

    Science.gov (United States)

    Berry, Meredith S; Sweeney, Mary M; Morath, Justice; Odum, Amy L; Jordan, Kerry E

    2014-01-01

    The benefits of visual exposure to natural environments for human well-being in areas of stress reduction, mood improvement, and attention restoration are well documented, but the effects of natural environments on impulsive decision-making remain unknown. Impulsive decision-making in delay discounting offers generality, predictive validity, and insight into decision-making related to unhealthy behaviors. The present experiment evaluated differences in such decision-making in humans experiencing visual exposure to one of the following conditions: natural (e.g., mountains), built (e.g., buildings), or control (e.g., triangles) using a delay discounting task that required participants to choose between immediate and delayed hypothetical monetary outcomes. Participants viewed the images before and during the delay discounting task. Participants were less impulsive in the condition providing visual exposure to natural scenes compared to built and geometric scenes. Results suggest that exposure to natural environments results in decreased impulsive decision-making relative to built environments.

  4. Analysis of Time of Day Fare Discounts on Urban Mass Transit Travel Behavior, Crowding, and Waiting Time

    Directory of Open Access Journals (Sweden)

    Xiao Guo

    2014-01-01

    Full Text Available Every morning, commuters select the regularly dispatched urban mass transit for traveling from a residential area to a workplace. This paper aims to find an optimal discount fare and time intervals on morning peak hour. As a direct and flexible traffic economic instrument, fares can influence commuters’ behavior. Therefore, fare discount has been proposed to regulate traffic flow in different time. Two models have been analyzed to describe it with schedule delay because of the travel demand size. The first objective function is constructed on pressure equalization when the travel demand is small. The other objective function is to minimize total waiting time when the travel demand is large. In the end, numerical examples based on an artificial network are performed to characterize fare discount models.

  5. Delay Discounting Mediates Parent-Adolescent Relationship Quality and Risky Sexual Behavior for Low Self-Control Adolescents

    Science.gov (United States)

    Kahn, Rachel E.; Holmes, Christopher; Farley, Julee P.; Kim-Spoon, Jungmeen

    2015-01-01

    Parent-adolescent relationship quality and delay discounting may play important roles in adolescents’ sexual decision making processes, and levels of self-control during adolescence could act as a buffer within these factors. This longitudinal study included 219 adolescent (55% male; mean age = 12.66 years at Wave 1; mean age = 15.10 years at Wave 2) and primary caregiver dyads. Structural equation modeling was utilized to determine whether delay discounting mediated the association between parent-adolescent relationship quality and adolescents’ risky sexual behavior and how this mediated association may differ between those with high versus low self-control. The results revealed parent-adolescent relationship quality plays a role in the development of risky sexual behavior indirectly through levels of delay discounting, but only for adolescents with low self-control. These findings could inform sex education policies and health prevention programs that address adolescent risky sexual behavior. PMID:26202153

  6. Impulsive social influence increases impulsive choices on a temporal discounting task in young adults.

    Directory of Open Access Journals (Sweden)

    Jodi M Gilman

    Full Text Available Adolescents and young adults who affiliate with friends who engage in impulsive behavior are more likely to engage in impulsive behaviors themselves, and those who associate with prosocial (i.e. more prudent, future oriented peers are more likely to engage in prosocial behavior. However, it is difficult to disentangle the contribution of peer influence vs. peer selection (i.e., whether individuals choose friends with similar traits when interpreting social behaviors. In this study, we combined a novel social manipulation with a well-validated delay discounting task assessing impulsive behavior to create a social influence delay discounting task, in which participants were exposed to both impulsive (smaller, sooner or SS payment and non-impulsive (larger, later or LL payment choices from their peers. Young adults in this sample, n = 51, aged 18-25 had a higher rate of SS choices after exposure to impulsive peer influence than after exposure to non-impulsive peer influence. Interestingly, in highly susceptible individuals, the rate of non-impulsive choices did not increase after exposure to non-impulsive influence. There was a positive correlation between self-reported suggestibility and degree of peer influence on SS choices. These results suggest that, in young adults, SS choices appear to be influenced by the choices of same-aged peers, especially for individuals who are highly susceptible to influence.

  7. The complexity of interior point methods for solving discounted turn-based stochastic games

    DEFF Research Database (Denmark)

    Hansen, Thomas Dueholm; Ibsen-Jensen, Rasmus

    2013-01-01

    We study the problem of solving discounted, two player, turn based, stochastic games (2TBSGs). Jurdziński and Savani showed that in the case of deterministic games the problem can be reduced to solving P-matrix linear complementarity problems (LCPs). We show that the same reduction also works...... for general 2TBSGs. This implies that a number of interior point methods can be used to solve 2TBSGs. We consider two such algorithms: the unified interior point method of Kojima, Megiddo, Noma, and Yoshise, and the interior point potential reduction algorithm of Kojima, Megiddo, and Ye. The algorithms run...... states and discount factor γ we get κ=Θ(n(1−γ)2) , −δ=Θ(n√1−γ) , and 1/θ=Θ(n(1−γ)2) in the worst case. The lower bounds for κ, − δ, and 1/θ are all obtained using the same family of deterministic games....

  8. Saving for the future self: neural measures of future self-continuity predict temporal discounting.

    Science.gov (United States)

    Ersner-Hershfield, Hal; Wimmer, G Elliott; Knutson, Brian

    2009-03-01

    Despite increases in the human life span, people have not increased their rate of saving. In a phenomenon known as 'temporal discounting', people value immediate gains over future gains. According to a future self-continuity hypothesis, individuals perceive and treat the future self differently from the present self, and so might fail to save for their future. Neuroimaging offers a novel means of testing this hypothesis, since previous research indicates that self- vs other-judgments elicit activation in the rostral anterior cingulate (rACC). Using event-related functional magnetic resonance imaging, we predicted and found not only individual differences in rACC activation while rating the current vs future self, but also that individual differences in current vs future self activation predicted temporal discounting assessed behaviorally a week after scanning. In addition to supporting the future self-continuity hypothesis, these findings hold implications for significant financial decisions, such as choosing whether to save for the future or spend in the present.

  9. Interindividual variability in functional connectivity as long-term correlate of temporal discounting.

    Directory of Open Access Journals (Sweden)

    Cinzia Calluso

    Full Text Available During intertemporal choice (IT future outcomes are usually devaluated as a function of the delay, a phenomenon known as temporal discounting (TD. Based on task-evoked activity, previous neuroimaging studies have described several networks associated with TD. However, given its relevance for several disorders, a critical challenge is to define a specific neural marker able to predict TD independently of task execution. To this aim, we used resting-state functional connectivity MRI (fcMRI and measured TD during economic choices several months apart in 25 human subjects. We further explored the relationship between TD, impulsivity and decision uncertainty by collecting standard questionnaires on individual trait/state differences. Our findings indicate that fcMRI within and between critical nodes of task-evoked neural networks associated with TD correlates with discounting behavior measured a long time afterwards, independently of impulsivity. Importantly, the nodes form an intrinsic circuit that might support all the mechanisms underlying TD, from the representation of subjective value to choice selection through modulatory effects of cognitive control and episodic prospection.

  10. Delayed discounting and hedonic hunger in the prediction of lab-based eating behavior.

    Science.gov (United States)

    Ely, Alice V; Howard, Janna; Lowe, Michael R

    2015-12-01

    Research suggests that characteristics identified in obese individuals, such as impulsive decision-making and hedonic hunger, may exist in nonobese populations. This study examined the independent and interactive effects of impulsive decision-making (measured via delay discounting, DD) and hedonic hunger (assessed with the Power of Food Scale, PFS) on food intake. Female participants (N=78) ate a self-determined amount of plain oatmeal, completed self-report measures and the delay discounting task, and participated in a sham taste test of palatable sweet and salty foods. Unexpectedly, PFS and DD scores interacted to predict consumption of the total amount of food consumed, and of oatmeal alone, but not of snack food alone. High-PFS participants consumed more when also high in DD, while low-PFS participants showed the opposite pattern of consumption. The findings identify variables that may increase propensity toward overconsumption and potential weight gain; future research is necessary to evaluate the utility of these constructs to predict increases in BMI over time.

  11. Central receiver solar thermal power system. Phase 1. CDRL item 2; Pilot Plant preliminary design report. Volume II. System decription and system analysis

    Energy Technology Data Exchange (ETDEWEB)

    Hallet, Jr., R. W.; Gervais, R. L.

    1977-10-01

    An active system analysis and integration effort has been maintained. These activities have included the transformation of initial program requirements into a preliminary system design, the evolution of subsystem requirements which lay the foundation for subsystem design and test activity, and the overseeing of the final preliminary design effort to ensure that the subsystems are operationally compatible and capable of producing electricity at the lowest possible cost per unit of energy. Volume II of the Preliminary Design Report presents the results of the overall system effort that went on during this contract. The effort is assumed to include not only the total system definition and design but also all subsystem interactions.

  12. Episodic Future Thinking about the Ideal Self Induces Lower Discounting, Leading to a Decreased Tendency toward Cheating

    Science.gov (United States)

    Wu, Wen-Hsiung; Cheng, Wen; Chiou, Wen-Bin

    2017-01-01

    Delay discounting refers to a pervasive tendency toward preferring smaller immediate gains over larger future gains. Recent empirical research has shown that episodic future thinking (EFT; i.e., projecting oneself into the future to pre-experience forthcoming events) can reduce the tendency toward discounting. A common tenet of psychological theories of crime is that delinquency results from focusing on short-term gains while failing to consider adequately the longer-term consequences of delinquent behavior. We investigated whether an EFT intervention involving the ideal self could induce lower discounting rates and, as a consequence, reduced delinquency. The results showed that, compared with control participants, participants engaging in EFT, that is, envisaging life events that would be experienced by their ideal selves, exhibited a lower discounting rate in a monetary choice task (Experiments 1 and 2), as well as a decreased tendency to make delinquent choices in imaginary scenarios (Experiment 1) and cheat in a matrix task (Experiment 2). The discounting tendency mediated the relationship between engaging in EFT pertaining to the ideal self and the tendency toward morally questionable behavior (Experiments 1 and 2). The findings of the two experiments indicate that engagement in EFT with a focus on the ideal self is sufficient to induce lower discounting rates, by promoting consideration of distant costs and thus increasing resistance to delinquent involvement and cheating (given the temptation of the immediate benefits that may accrue from such behavior). The current research constitutes an innovative approach to delinquency prevention and the promotion of morality. PMID:28303111

  13. Domain-General and Domain-Specific Aspects of Temporal Discounting in Children with ADHD and Autism Spectrum Disorders (ASD): A Proof of Concept Study

    Science.gov (United States)

    Demurie, Ellen; Roeyers, Herbert; Baeyens, Dieter; Sonuga-Barke, Edmund

    2013-01-01

    It has been shown that delayed consumable rewards are discounted to a higher degree than money, which has been referred to as the "domain effect". Until now the effects of reward type on temporal discounting (TD) have mainly been studied in adults. Although there is evidence that children with attention-deficit/hyperactivity disorder (ADHD) tend…

  14. Domain-General and Domain-Specific Aspects of Temporal Discounting in Children with ADHD and Autism Spectrum Disorders (ASD): A Proof of Concept Study

    Science.gov (United States)

    Demurie, Ellen; Roeyers, Herbert; Baeyens, Dieter; Sonuga-Barke, Edmund

    2013-01-01

    It has been shown that delayed consumable rewards are discounted to a higher degree than money, which has been referred to as the "domain effect". Until now the effects of reward type on temporal discounting (TD) have mainly been studied in adults. Although there is evidence that children with attention-deficit/hyperactivity disorder (ADHD) tend…

  15. 26 CFR 1.1232-3A - Inclusion as interest of original issue discount on certain obligations issued after May 27, 1969.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 11 2010-04-01 2010-04-01 true Inclusion as interest of original issue discount... Special Rules for Determining Capital Gains and Losses § 1.1232-3A Inclusion as interest of original issue discount on certain obligations issued after May 27, 1969. (a) Ratable inclusion as interest—(1) General...

  16. The Surprisingly Low Motivational Power of Future Rewards: Comparing Conventional Money-Based Measures of Discounting with Motivation-Based Measures

    Science.gov (United States)

    Ebert, Jane E. J.

    2010-01-01

    Temporal discount rates are often poor predictors of behaviors that we expect will be motivated by the future. The current research suggests this may be because conventional discounting measures are poor measures of the motivational value of future rewards. In six studies, I develop motivation-based measures of the present value (PV) of future…

  17. Solar Pilot Plant, Phase I. Preliminary design report. Volume VI. Electrical power generation; master control subsystems; balance of plant CDRL item 2

    Energy Technology Data Exchange (ETDEWEB)

    None

    1977-05-01

    The Honeywell electrical power generation subsystem centers on a General Electric dual admission, triple extraction turbine generator sized to the output requirements of the Pilot Plant. The turbine receives steam from the receiver subsystem and/or the thermal storage subsystem and supplies those subsystems with feedwater. The turbine condensor is wet cooled. The plant control system consists of a coordinated digital master and subsystem digital/analog controls. The remainder of the plant, work spaces, maintenance areas, roads, and reception area are laid out to provide maximum convenience compatible with utility and safety. Most of the activities are housed in a complex around the base of the receiver tower. This volume contains a description of the relationship of the electrical power generation subsystem to the rest of the plant, the design methodology and evolution, the interface integration and control, and the operation and maintenance procedures.

  18. Solar System Update

    CERN Document Server

    Blondel, Philippe

    2006-01-01

    This book, the first in a series of forthcoming volumes, consists of topical and timely reviews of a number of carefully selected topics in solar systemn science. Contributions, in form of up-to-date reviews, are mainly aimed at professional astronomers and planetary scientists wishing to inform themselves about progress in fields closely related to their own field of expertise.

  19. Solar Features - Solar Flares

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — A solar flare is a short-lived sudden increase in the intensity of radiation emitted in the neighborhood of sunspots. For many years it was best monitored in the...

  20. Solar storms; Tormentas solares

    Energy Technology Data Exchange (ETDEWEB)

    Collaboration: Pereira Cuesta, S.; Pereira Pagan, B.

    2016-08-01

    Solar storms begin with an explosion, or solar flare, on the surface of the sun. The X-rays and extreme ultraviolet radiation from the flare reach the Earths orbit minutes later-travelling at light speed. The ionization of upper layers of our atmosphere could cause radio blackouts and satellite navigation errors (GPS). Soon after, a wave of energetic particles, electrons and protons accelerated by the explosion crosses the orbit of the Earth, and can cause real and significant damage. (Author)

  1. Key Senator Scrutinizes Pharmacy 340B Selling Practices: Federal Office in Charge of Drug Discounts Begins to Feel the Heat.

    Science.gov (United States)

    Barlas, Stephen

    2013-07-01

    Upselling takes place when a safety-net hospital increases its profits by selling discounted drugs to privately insured patients at full price. Senator Charles Grassley is on the case to increase transparency and to curtail the misuse of 340B purchases.

  2. Cost-Effectiveness of Childcare Discounts on Parent Participation in Preventive Parent Training in Low-Income Communities

    Science.gov (United States)

    Gross, Deborah; Johnson, Tricia; Ridge, Alison; Garvey, Christine; Julion, Wrenetha; Treysman, Anne Brusius; Breitenstein, Susan; Fogg, Louis

    2011-01-01

    We tested the cost-effectiveness of giving low-income parents childcare discounts contingent on their participation in the Chicago Parent Program, a 12-session preventive parent training (PT) program offered at their child's daycare center. Eight centers were matched and randomized to an experimental condition in which parents received a discount…

  3. Battling for the household's category buck : Can economy private labels defend supermakets against the hard-discounter threat?

    NARCIS (Netherlands)

    Vroegrijk, M.J.J.; Gijsbrechts, Els; Campo, K.

    Traditional grocery retailers often use price-based strategies to defend against hard-discounters (HDs). One increasingly-popular approach is the introduction of an economy private label (EPL), which provides similar or even larger price advantages over national brands than HD products. However, the

  4. Individual Determinants in Delay Discounting%延迟折扣的个体影响因素

    Institute of Scientific and Technical Information of China (English)

    佟月华; 韩颖; 逄宇

    2012-01-01

    Delay discounting refers to the tendency to discount the subjective value of future rewards as a function of the delay receiving them. Researchers explored individual determinants which affect delay discounting, including demographic variables such as age, gender, education and income, and personality trait, emotion, and cognitive factors. Future research should focus on characteristics of delay discounting in childhood, interaction between personality and emotion, and interaction between individual and environmental factors.%延迟折扣是指未来奖赏当前的主观价值随着时间的延长而减少的心理现象.研究者从年龄、性别、受教育程度与收入等人口学变量以及人格特质、情绪和认知方面人手,对延迟折扣的个体影响因素进行了探讨.未来的研究应关注学前和学龄儿童延迟折扣特点、人格与情绪等的交互作用以及个体因素与环境因素的交互作用等问题.

  5. Effects of Gainsharing Provisions on the Selection of a Discount Rate for a Defined Benefit Pension Plan

    Directory of Open Access Journals (Sweden)

    Robert J. Rietz

    2017-06-01

    Full Text Available This paper examines the effect of gainsharing provisions on the selection of a discount rate for a defined benefit pension plan. The paper uses a traditional actuarial approach of discounting liabilities using the expected return of the associated pension fund. A stochastic Excel model was developed to simulate the effect of varying investment returns on a pension fund with four asset classes. Lognormal distributions were fitted to historical returns of two of the asset classes; large company stocks and long-term government bonds. A third lognormal distribution was designed to represent the investment returns of alternative investments, such as real estate and private equity. The fourth asset class represented short term cash investments and that return was held constant. The following variables were analyzed to determine their relative impact of gainsharing on the selection of a discount rate: hurdle rate, percentage of gainsharing, actuarial asset method smoothing period, and variations in asset allocation. A 50% gainsharing feature can reduce the discount rate for a defined benefit pension plan from 0.5% to more than 2.5%, depending on the gainsharing design and asset allocation.

  6. ChargeOut! : determining machine and capital equipment charge-out rates using discounted cash-flow analysis

    Science.gov (United States)

    E.M. (Ted) Bilek

    2007-01-01

    The model ChargeOut! was developed to determine charge-out rates or rates of return for machines and capital equipment. This paper introduces a costing methodology and applies it to a piece of capital equipment. Although designed for the forest industry, the methodology is readily transferable to other sectors. Based on discounted cash-flow analysis, ChargeOut!...

  7. Delay discounting and frontostriatal fiber tracts: a combined DTI and MTR study on impulsive choices in healthy young adults.

    Science.gov (United States)

    Peper, Jiska S; Mandl, René C W; Braams, Barbara R; de Water, Erik; Heijboer, Annemieke C; Koolschijn, P Cédric M P; Crone, Eveline A

    2013-07-01

    Delay discounting, a measure of impulsive choice, has been associated with decreased control of the prefrontal cortex over striatum responses. The anatomical connectivity between both brain regions in delaying gratification remains unknown. Here, we investigate whether the quality of frontostriatal (FS) white matter tracts can predict individual differences in delay-discounting behavior. We use tract-based diffusion tensor imaging and magnetization transfer imaging to measure the microstructural properties of FS fiber tracts in 40 healthy young adults (from 18 to 25 years). We additionally explored whether internal sex hormone levels affect the integrity of FS tracts, based on the hypothesis that sex hormones modulate axonal density within prefrontal dopaminergic circuits. We calculated fractional anisotropy (FA), mean diffusivity (MD), longitudinal diffusivity, radial diffusivity (RD), and magnetization transfer ratio (MTR), a putative measure of myelination, for the FS tract. Results showed that lower integrity within the FS tract (higher MD and RD and lower FA), predicts faster discounting in both sexes. MTR was unrelated to delay-discounting performance. In addition, testosterone levels in males were associated with a lower integrity (higher RD) within the FS tract. Our study provides support for the hypothesis that enhanced structural integrity of white matter fiber bundles between prefrontal and striatal brain areas is associated with better impulse control.

  8. The Impact Discounts and the Price-Quality Effect Have on the Choice of an Institution of Higher Education.

    Science.gov (United States)

    Quigley, Charles J., Jr.; Bingham, Frank G., Jr.; Notarantonio, Elaine M.; Murray, Keith

    1999-01-01

    A survey of 303 potential college students and their parents found that high price and low price institutions are evaluated higher on quality attributes than are moderately priced institutions. Further, discounts (such as financial aid) were found to have little effect on the attendance decision. Implications for the pricing strategies used by…

  9. Sexual discounting among high-risk youth ages 18-24: implications for sexual and substance use risk behaviors.

    Science.gov (United States)

    Dariotis, Jacinda K; Johnson, Matthew W

    2015-02-01

    Youth under 25 show substantial sexual and substance use risk behaviors. One factor associated with risk behaviors is delay discounting, the devaluation of delayed outcomes. This study determined if delay discounting for sexual outcomes is related to sexual risk and substance use among 18-24 year olds. Females (70) and males (56) completed the Sexual Discounting Task, which assessed their likelihood of having unprotected immediate sex versus waiting for sex with a condom, at various delays, with 4 hypothetical sexual partners selected from photographs: the person they most wanted to have sex with, least wanted to have sex with, judged most likely to have a sexually transmitted infection (STI), and judged least likely to have an STI. They also completed instruments assessing HIV knowledge, sexual behaviors, substance use, risk attitudes, inhibition, impulsivity, and sensation-seeking. Condom use likelihood generally decreased with increasing delay. Preference for immediate, unprotected sex was greater for partners whom participants most (vs. least) wanted to have sex with and judged least (vs. most) likely to have an STI. Preference for immediate, unprotected sex in the "most want to have sex with" and "least likely to have an STI" conditions was related to greater lifetime risky sexual partners, lifetime number of unique substances used, disregard of social approval/danger, disinhibition, and sensation/excitement-seeking. Males showed greater likelihood of unprotected sex than females when condom use was undelayed, but delay similarly affected condom use between sexes. Delay discounting should be considered in strategies to minimize youth risk behavior.

  10. Statistical equivalence and test-retest reliability of delay and probability discounting using real and hypothetical rewards.

    Science.gov (United States)

    Matusiewicz, Alexis K; Carter, Anne E; Landes, Reid D; Yi, Richard

    2013-11-01

    Delay discounting (DD) and probability discounting (PD) refer to the reduction in the subjective value of outcomes as a function of delay and uncertainty, respectively. Elevated measures of discounting are associated with a variety of maladaptive behaviors, and confidence in the validity of these measures is imperative. The present research examined (1) the statistical equivalence of discounting measures when rewards were hypothetical or real, and (2) their 1-week reliability. While previous research has partially explored these issues using the low threshold of nonsignificant difference, the present study fully addressed this issue using the more-compelling threshold of statistical equivalence. DD and PD measures were collected from 28 healthy adults using real and hypothetical $50 rewards during each of two experimental sessions, one week apart. Analyses using area-under-the-curve measures revealed a general pattern of statistical equivalence, indicating equivalence of real/hypothetical conditions as well as 1-week reliability. Exceptions are identified and discussed. Copyright © 2013 Elsevier B.V. All rights reserved.

  11. 47 CFR 54.520 - Children's Internet Protection Act certifications required from recipients of discounts under the...

    Science.gov (United States)

    2010-10-01

    ... 47 Telecommunication 3 2010-10-01 2010-10-01 false Children's Internet Protection Act... Libraries § 54.520 Children's Internet Protection Act certifications required from recipients of discounts... “technology protection measure” as used in this section, are defined in the Children's Internet Protection...

  12. Price discounts significantly enhance fruit and vegetable purchases when combined with nutrition education : a randomized controlled supermarket trial

    NARCIS (Netherlands)

    Waterlander, Wilma E.; de Boer, Michiel R.; Schuit, Albertine J.; Seidell, Jacob C.; Steenhuis, Ingrid H. M.

    2013-01-01

    Background: Reducing fruit and vegetable (F&V) prices is a frequently considered policy to improve dietary habits in the context of health promotion. However, evidence on the effectiveness of this intervention is limited. Objective: The objective was to examine the effects of a 50% price discount on

  13. Battling for the household's category buck : Can economy private labels defend supermakets against the hard-discounter threat?

    NARCIS (Netherlands)

    Vroegrijk, M.J.J.; Gijsbrechts, Els; Campo, K.

    2016-01-01

    Traditional grocery retailers often use price-based strategies to defend against hard-discounters (HDs). One increasingly-popular approach is the introduction of an economy private label (EPL), which provides similar or even larger price advantages over national brands than HD products. However, the

  14. What weight should be assigned to future environmental impacts? A probabilistic cost benefit analysis using recent advances on discounting.

    Science.gov (United States)

    Almansa, Carmen; Martínez-Paz, José M

    2011-03-01

    Cost-benefit analysis is a standard methodological platform for public investment evaluation. In high environmental impact projects, with a long-term effect on future generations, the choice of discount rate and time horizon is of particular relevance, because it can lead to very different profitability assessments. This paper describes some recent approaches to environmental discounting and applies them, together with a number of classical procedures, to the economic evaluation of a plant for the desalination of irrigation return water from intensive farming, aimed at halting the degradation of an area of great ecological value, the Mar Menor, in South Eastern Spain. A Monte Carlo procedure is used in four CBA approaches and three time horizons to carry out a probabilistic sensitivity analysis designed to integrate the views of an international panel of experts in environmental discounting with the uncertainty affecting the market price of the project's main output, i.e., irrigation water for a water-deprived area. The results show which discounting scenarios most accurately estimate the socio-environmental profitability of the project while also considering the risk associated with these two key parameters. The analysis also provides some methodological findings regarding ways of assessing financial and environmental profitability in decisions concerning public investment in the environment.

  15. You save money when you buy in bulk: does volume-based pricing cause people to buy more beer?

    Science.gov (United States)

    Bray, Jeremy W; Loomis, Brett R; Engelen, Mark

    2009-05-01

    This paper uses supermarket scanner data to estimate brand- and packaging-specific own- and cross-price elasticities for beer. We find that brand- and packaging-specific beer sales are highly price elastic. Cross-price elasticity estimates suggest that individuals are more likely to buy a higher-volume package of the same brand of beer than they are to switch brands. Policy simulations suggest that regulation of volume-based price discounts is potentially more effective than a tax increase at reducing beer consumption. Our results suggest that volume-based price discounting induces people to buy larger-volume packages of beer and may lead to an increased overall beer consumption. (c) 2008 John Wiley & Sons, Ltd.

  16. Affect as Information in Persuasion: A Model of Affect Identification and Discounting

    Science.gov (United States)

    Albarracín, Dolores; Kumkale, G. Tarcan

    2016-01-01

    Three studies examined the implications of a model of affect as information in persuasion. According to this model, extraneous affect may have an influence when message recipients exert moderate amounts of thought, because they identify their affective reactions as potential criteria but fail to discount them as irrelevant. However, message recipients may not use affect as information when they deem affect irrelevant or when they do not identify their affective reactions at all. Consistent with this curvilinear prediction, recipients of a message that either favored or opposed comprehensive exams used affect as a basis for attitudes in situations that elicited moderate thought. Affect, however, had no influence on attitudes in conditions that elicited either large or small amounts of thought. PMID:12635909

  17. Valuation of imaging centers: alternative methods and detailed description of the discounted cash flow approach.

    Science.gov (United States)

    Russell, Philip J

    2007-01-01

    Medical imaging centers are an increasingly integral part of the medical services landscape in America. There are many instances in which owners and potential buyers of these enterprises want to ascertain the value of the businesses. There is an industry of professionals who provide expert valuation services for many types of businesses using various recognized alternative methods, some of which are more appropriate than others when valuing an imaging center. The federal government has prescribed parameters for all valuations if they lead to transactions in which fair market value is mandated, and it also expects transactions to adhere to more generalized laws relating to entities that provide services to Medicare patients. Radiologists who own, or who are contemplating ownership of, imaging center operations need to understand the principles of valuation, specifically the factors that are involved in a discounted cash flow determination of fair market value.

  18. Optimal batch production strategies under continuous price decrease and time discounting

    Directory of Open Access Journals (Sweden)

    Mandal S.

    2007-01-01

    Full Text Available Single price discount in unit cost for bulk purchasing is quite common in reality as well as in inventory literature. However, in today's high-tech industries such as personal computers and mobile industries, continuous decrease in unit cost is a regular phenomenon. In the present paper, an attempt has been made to investigate the effects of continuous price decrease and time-value of money on optimal decisions for inventoried goods having time-dependent demand and production rates. The proposed models are developed over a finite time horizon considering both shortages and without shortages in inventory. Numerical examples are taken to illustrate the developed models and to examine the sensitivity of model parameters.

  19. Letting go of the present: mind-wandering is associated with reduced delay discounting.

    Science.gov (United States)

    Smallwood, Jonathan; Ruby, Florence J M; Singer, Tania

    2013-03-01

    The capacity to self-generate mental content that is unrelated to the current environment is a fundamental characteristic of the mind, and the current experiment explored how this experience is related to the decisions that people make in daily life. We examined how task-unrelated thought (TUT) varies with the length of time participants are willing to wait for an economic reward, as measured using an inter-temporal discounting task. When participants performed a task requiring minimal attention, the greater the amount of time spent engaged in TUT the longer the individual was prepared to wait for an economic reward. These data indicate that self-generated thought engages processes associated with the successful management of long-term goals. Although immersion in the here and now is undeniably advantageous, under appropriate conditions the capacity to let go of the present and consider more pertinent personal goals may have its own rewards. Copyright © 2012 Elsevier Inc. All rights reserved.

  20. An EPQ model under cash discount and permissible delay in payments derived without derivatives

    Directory of Open Access Journals (Sweden)

    Huang Yung-Fu

    2007-01-01

    Full Text Available The main purpose of this paper is to investigate the case where the retailer’s unit selling price and the purchasing price per unit are not necessarily equal within the economic production quantity (EPQ framework under cash discount and permissible delay in payments. We establish the retailer’s inventory system as a cost minimization problem to determine the retailer’s optimal inventory cycle time, optimal order quantity and optimal payment time. This paper provides an algebraic approach to determine the optimal cycle time, optimal order quantity and optimal payment time. This approach provides one theorem to efficiently determine the optimal solution. Some previously published results of other researchers are deduced as special cases. Finally, numerical examples are given to illustrate the result and the managerial insights are also obtained.