The LCOE is defined as the energy price ($ per unit of energy output) for which the Net Present Value of the investment is zero.


 Alexander O’Connor’
 4 years ago
 Views:
Transcription
1 Poject Decision Metics: Levelized Cost of Enegy (LCOE) Let s etun to ou wind powe and natual gas powe plant example fom ealie in this lesson. Suppose that both powe plants wee selling electicity into the same deegulated geneation maket and both had the same expected opeational life. Which plant would be moe pofitable? Since both plants would be facing the same maket pice fo the electicity that they sell, the moe pofitable plant would be the one that had the lowe aveage cost pe Megawatthou of electicity ove its entie lifetime. he Levelized Cost of Enegy (LCOE) can be used to help evaluate poblems like this one, and is one of the most commonly used metics fo assessing the financial viability of enegy pojects. It is used paticulaly often in situations like the one we just discussed compaing the lifetime costs of diffeent technologies fo electic powe geneation. he LCOE can, howeve, be applied to othe enegy pojects as well (like oil and gas wells, o efineies). he LCOE is defined as the enegy pice ($ pe unit of enegy output) fo which the Net Pesent Value of the investment is zeo. he LCOE is thus the aveage evenue pe unit of enegy output (so this would be $/MWh fo a powe plant, o $/bael fo an oil well, fo example) ove a poject s lifetime such that the plant beaks even. he LCOE is sometimes called the Unit echnical Cost (UC). It epesents the lifetime aveage cost of enegy fo a specific poject. We will now get into the mathematics of calculating the LCOE. We will fist pesent the most geneic LCOE fomula, and then we will discuss some simplifications of the fomula. LCOE is defined as the solution to the equation: t0 C t M t (1 ) t t0 LCOE (1 ) t LCOE, (1 ) t t0 whee C t epesents all capital costs incued in yea t (these may be zeo except duing the fist few yeas of the poject); M t epesents all opeational costs incued in yea t, and epesents the total output of the poject in yea t. he tem C t + M t epesents the annual costs of the poject (which may include payments on capital, fuel, labo, land leases and so foth). he tem epesents the annual enegy output of the plant. Note that if all capital costs ae incued in yea zeo, then the tem C t factos out of the LCOE equation. In this case you will sometimes see the capital cost tem efeed to as otal Installed Cost (IC) o Ovenight Cost (OC). In this case we wite the LCOE equation as:
2 t0 M t (1 ) t IC t0 LCOE (1 ) t LCOE t0 (1 ) t In some othe contexts (fo those of you taking AE 878 though the RESS pogam, fo example), you may see the discount ate efeed to as the Weighted Aveage Cost of Capital (WACC). We will devote an entie lesson late in the tem to the elationship between the discount ate and the WACC (sneak peview: if the entity making the poject investment is a fopofit entity, then the discount ate and WACC should be the same thing), and methods fo calculating what the WACC should be. We can thus solve fo LCOE as: LCOE t0 t0 C t M t (1 ) t (1 ) t. hee ae a couple of ways to make this calculation easie. Often times when evaluating pospective enegy pojects we make two assumptions: Fist, annual output of the poject is constant in each yea. Second, the vaiable cost of poduction pe unit of output is constant each yea. In this case, the Q and M tems fom the LCOE equation ae the same in each yea, and we can wite the LCOE as the sum of two tems: 1. Levelized Fixed Cost (LFC), which calculates the aveage payment equied to amotize o pay off capital costs ove yeas. 2. Levelized Vaiable Cost (LVC), which calculates the aveage payment equied to cove peunit opeational costs. If the vaiable cost of poduction (this would include fuel, labo and any vaiable opeations/maintenance costs) don t change, then the LVC is just equal to this total vaiable cost pe unit of output. Refeencing the LCOE equations above, LVC would just be equal to M Q. (he LVC may also just be given in the poblem statement, as in the examples below.) Calculating LFC is a little bit moe complicated. Assume that the poject involves a discount ate ; the life of the poject is yeas; and the capital costs ae paid in one lump sum IC at the beginning of the poject. LFC solves the equation: IC t1 LFC Q, (1 ) t
3 which we can ewite as: LFC t1 IC 1 (1 ) t Q. Using some mathematics of finite sums (if you ae eally cuious, Wikipedia has a detailed aticle on the geometic seies, which descibes the denominato of the LFC equation since is less than one see we 1 (1 ) can ewite the deominato as. hus, LFC IC 1 (1 ) Q IC 1 (1 ) Q and finally, we have ou expession fo LCOE: LCOE LFC LVC IC 1 (1 ) Q LVC. Along these same lines, anothe (less messy) way to wite the LCOE when output and vaiable costs ae constant ove time uses the fixed chage ate (FCR). he FCR is just the faction of the otal Installed Cost (IC) that must be set aside each yea to etie capital costs (which includes inteest on debt, etun on equity and so foth we ll discuss these in moe detail in futue lessons). hus, IC FCR is the annuity payment (the sum of pincipal plus inteest payments, like you would have with a home motgage o a college loan) needed to pay off the investment s capital cost. he FCR is calculated as: FCR ( 1) 1. (You may see o have seen the FCR equation witten with the WACC athe than the discount ate. Remembe that fo ou puposes, thee is eally no diffeence between the two.) Using the fixed chage ate, the LCOE can be witten as:
4 LCOE IC Q FCR M Q. IC In this simple vesion of the LCOE equation, note that the fist tem Q FCR is just the Levelized Fixed Cost (LFC) and the second tem (M/Q) is just the Levelized Vaiable Cost (LVC). Hee is an example: Suppose that a powe plant costs $10 billion to build and has an expected life of 30 yeas. he vaiable cost of poducing one MWh of electicity is $20. It will opeate 24 hous a day, 360 days a yea at a capacity of 1000 MW. (Note: to get output, multiply capacity and hous of opeation ove the plant s life). What is the levelized cost of enegy if the inteest ate is 5%? Hee is the answe: Fist, we calculate the total amount of electicity poduced annually: (360 days pe yea) (24 hous pe day) 1000 MW=8.64 million MWh pe yea. his is Q in ou LCOE fomula. LVC is equal to $20 pe MWh. So, we calculate LCOE as: IC LCOE 1 (1 ) Q LVC $10bil 0.05 LCOE 8.64mil (1 0.05) $75.29 / MWh $20 / MWh $95.29MWh. As an execise fo youself, calculate the LCOE fo the natual gas powe plant and the wind powe plant that we laid out ealie in this lesson. As a eminde, the wind plant has a capital cost of $1.2 million and a vaiable cost of $5/MWh. he natual gas plant has a capital cost of $600,000 and a vaiable cost of $50/MWh. Each plant poduces 2,628 MWh pe yea. Assume a 10% annual discount ate and a 20yea life fo each poject. You should find that the wind plant has LCOE = $58.63/MWh and the gas plant has LCOE = $76.82 pe MWh. he LCOE can be used to compae enegy pojects to pevailing maket pices. If the maket pice is highe than the LCOE, then the magin pe unit of output is positive (Maket pice LCOE is geate than zeo) and the poject should be pofitable. If the maket pice is lowe than the LCOE, then the poject will have negative magins and will not be pofitable. hee ae some pitfalls to using LCOE in this way to evaluate vaiable enewables like wind and sola, since the LCOE is often compaed to the aveage electicity pice. If you think about it, this compaison is biased against sola and biased towads wind because sola is moe likely to be poducing electicity duing the
5 daytime (when pices ae high) and wind is moe likely to be poducing electicity duing the nighttime (when pices ae usually low). A moe consistent appoach, which is just as elevant fo fossilfied powe plants as fo enewables, would be to compae the LCOE to the aveage pice when you would expect the powe plant to be geneating electicity.
Chapter 3 Savings, Present Value and Ricardian Equivalence
Chapte 3 Savings, Pesent Value and Ricadian Equivalence Chapte Oveview In the pevious chapte we studied the decision of households to supply hous to the labo maket. This decision was a static decision,
More informationFI3300 Corporate Finance
Leaning Objectives FI00 Copoate Finance Sping Semeste 2010 D. Isabel Tkatch Assistant Pofesso of Finance Calculate the PV and FV in multipeiod multicf timevalueofmoney poblems: Geneal case Pepetuity
More informationContinuous Compounding and Annualization
Continuous Compounding and Annualization Philip A. Viton Januay 11, 2006 Contents 1 Intoduction 1 2 Continuous Compounding 2 3 Pesent Value with Continuous Compounding 4 4 Annualization 5 5 A Special Poblem
More informationFinancing Terms in the EOQ Model
Financing Tems in the EOQ Model Habone W. Stuat, J. Columbia Business School New Yok, NY 1007 hws7@columbia.edu August 6, 004 1 Intoduction This note discusses two tems that ae often omitted fom the standad
More informationCONCEPT OF TIME AND VALUE OFMONEY. Simple and Compound interest
CONCEPT OF TIME AND VALUE OFMONEY Simple and Compound inteest What is the futue value of shs 10,000 invested today to ean an inteest of 12% pe annum inteest payable fo 10 yeas and is compounded; a. Annually
More informationINITIAL MARGIN CALCULATION ON DERIVATIVE MARKETS OPTION VALUATION FORMULAS
INITIAL MARGIN CALCULATION ON DERIVATIVE MARKETS OPTION VALUATION FORMULAS Vesion:.0 Date: June 0 Disclaime This document is solely intended as infomation fo cleaing membes and othes who ae inteested in
More informationHow Much Should a Firm Borrow. Effect of tax shields. Capital Structure Theory. Capital Structure & Corporate Taxes
How Much Should a Fim Boow Chapte 19 Capital Stuctue & Copoate Taxes Financial Risk  Risk to shaeholdes esulting fom the use of debt. Financial Leveage  Incease in the vaiability of shaeholde etuns that
More informationEquity compensation plans New Income Statement impact on guidance Earnings Per Share Questions and answers
Investos/Analysts Confeence: Accounting Wokshop Agenda Equity compensation plans New Income Statement impact on guidance Eanings Pe Shae Questions and answes IAC03 / a / 1 1 Equity compensation plans The
More informationest using the formula I = Prt, where I is the interest earned, P is the principal, r is the interest rate, and t is the time in years.
9.2 Inteest Objectives 1. Undestand the simple inteest fomula. 2. Use the compound inteest fomula to find futue value. 3. Solve the compound inteest fomula fo diffeent unknowns, such as the pesent value,
More informationPersonal Saving Rate (S Households /Y) SAVING AND INVESTMENT. Federal Surplus or Deficit () Total Private Saving Rate (S Private /Y) 12/18/2009
1 Pesonal Saving Rate (S Households /Y) 2 SAVING AND INVESTMENT 16.0 14.0 12.0 10.0 80 8.0 6.0 4.0 2.0 0.02.04.0 1959 1961 1967 1969 1975 1977 1983 1985 1991 1993 1999 2001 2007 2009 Pivate Saving Rate
More informationAMB111F Financial Maths Notes
AMB111F Financial Maths Notes Compound Inteest and Depeciation Compound Inteest: Inteest computed on the cuent amount that inceases at egula intevals. Simple inteest: Inteest computed on the oiginal fixed
More informationCHAPTER 10 Aggregate Demand I
CHAPTR 10 Aggegate Demand I Questions fo Review 1. The Keynesian coss tells us that fiscal policy has a multiplied effect on income. The eason is that accoding to the consumption function, highe income
More information9.5 Amortization. Objectives
9.5 Aotization Objectives 1. Calculate the payent to pay off an aotized loan. 2. Constuct an aotization schedule. 3. Find the pesent value of an annuity. 4. Calculate the unpaid balance on a loan. Congatulations!
More informationSkills Needed for Success in Calculus 1
Skills Needed fo Success in Calculus Thee is much appehension fom students taking Calculus. It seems that fo man people, "Calculus" is snonmous with "difficult." Howeve, an teache of Calculus will tell
More informationProblem Set # 9 Solutions
Poblem Set # 9 Solutions Chapte 12 #2 a. The invention of the new highspeed chip inceases investment demand, which shifts the cuve out. That is, at evey inteest ate, fims want to invest moe. The incease
More informationVector Calculus: Are you ready? Vectors in 2D and 3D Space: Review
Vecto Calculus: Ae you eady? Vectos in D and 3D Space: Review Pupose: Make cetain that you can define, and use in context, vecto tems, concepts and fomulas listed below: Section 7.7. find the vecto defined
More informationSymmetric polynomials and partitions Eugene Mukhin
Symmetic polynomials and patitions Eugene Mukhin. Symmetic polynomials.. Definition. We will conside polynomials in n vaiables x,..., x n and use the shotcut p(x) instead of p(x,..., x n ). A pemutation
More information2 r2 θ = r2 t. (3.59) The equal area law is the statement that the term in parentheses,
3.4. KEPLER S LAWS 145 3.4 Keple s laws You ae familia with the idea that one can solve some mechanics poblems using only consevation of enegy and (linea) momentum. Thus, some of what we see as objects
More informationSemipartial (Part) and Partial Correlation
Semipatial (Pat) and Patial Coelation his discussion boows heavily fom Applied Multiple egession/coelation Analysis fo the Behavioal Sciences, by Jacob and Paticia Cohen (975 edition; thee is also an updated
More informationIlona V. Tregub, ScD., Professor
Investment Potfolio Fomation fo the Pension Fund of Russia Ilona V. egub, ScD., Pofesso Mathematical Modeling of Economic Pocesses Depatment he Financial Univesity unde the Govenment of the Russian Fedeation
More informationValuation of Floating Rate Bonds 1
Valuation of Floating Rate onds 1 Joge uz Lopez us 316: Deivative Secuities his note explains how to value plain vanilla floating ate bonds. he pupose of this note is to link the concepts that you leaned
More informationBasic Financial Mathematics
Financial Engineeing and Computations Basic Financial Mathematics Dai, TianShy Outline Time Value of Money Annuities Amotization Yields Bonds Time Value of Money PV + n = FV (1 + FV: futue value = PV
More informationYIELD TO MATURITY ACCRUED INTEREST QUOTED PRICE INVOICE PRICE
YIELD TO MATURITY ACCRUED INTEREST QUOTED PRICE INVOICE PRICE Septembe 1999 Quoted Rate Teasuy Bills [Called Banke's Discount Rate] d = [ P 1  P 1 P 0 ] * 360 [ N ] d = Bankes discount yield P 1 = face
More informationCONCEPTUAL FRAMEWORK FOR DEVELOPING AND VERIFICATION OF ATTRIBUTION MODELS. ARITHMETIC ATTRIBUTION MODELS
CONCEPUAL FAMEOK FO DEVELOPING AND VEIFICAION OF AIBUION MODELS. AIHMEIC AIBUION MODELS Yui K. Shestopaloff, is Diecto of eseach & Deelopment at SegmentSoft Inc. He is a Docto of Sciences and has a Ph.D.
More informationQuestions for Review. By buying bonds This period you save s, next period you get s(1+r)
MACROECONOMICS 2006 Week 5 Semina Questions Questions fo Review 1. How do consumes save in the twopeiod model? By buying bonds This peiod you save s, next peiod you get s() 2. What is the slope of a consume
More informationGESTÃO FINANCEIRA II PROBLEM SET 1  SOLUTIONS
GESTÃO FINANCEIRA II PROBLEM SET 1  SOLUTIONS (FROM BERK AND DEMARZO S CORPORATE FINANCE ) LICENCIATURA UNDERGRADUATE COURSE 1 ST SEMESTER 20102011 Chapte 1 The Copoation 113. What is the diffeence
More informationElectricity transmission network optimization model of supply and demand the case in Taiwan electricity transmission system
Electicity tansmission netwok optimization model of supply and demand the case in Taiwan electicity tansmission system MiaoSheng Chen a ChienLiang Wang b,c, ShengChuan Wang d,e a Taichung Banch Gaduate
More informationQuantity Formula Meaning of variables. 5 C 1 32 F 5 degrees Fahrenheit, 1 bh A 5 area, b 5 base, h 5 height. P 5 2l 1 2w
1.4 Rewite Fomulas and Equations Befoe You solved equations. Now You will ewite and evaluate fomulas and equations. Why? So you can apply geometic fomulas, as in Ex. 36. Key Vocabulay fomula solve fo a
More informationConverting knowledge Into Practice
Conveting knowledge Into Pactice Boke Nightmae srs Tend Ride By Vladimi Ribakov Ceato of Pips Caie 20 of June 2010 2 0 1 0 C o p y i g h t s V l a d i m i R i b a k o v 1 Disclaime and Risk Wanings Tading
More informationVoltage ( = Electric Potential )
V1 Voltage ( = Electic Potential ) An electic chage altes the space aound it. Thoughout the space aound evey chage is a vecto thing called the electic field. Also filling the space aound evey chage is
More informationEpisode 401: Newton s law of universal gravitation
Episode 401: Newton s law of univesal gavitation This episode intoduces Newton s law of univesal gavitation fo point masses, and fo spheical masses, and gets students pactising calculations of the foce
More informationSpirotechnics! September 7, 2011. Amanda Zeringue, Michael Spannuth and Amanda Zeringue Dierential Geometry Project
Spiotechnics! Septembe 7, 2011 Amanda Zeingue, Michael Spannuth and Amanda Zeingue Dieential Geomety Poject 1 The Beginning The geneal consensus of ou goup began with one thought: Spiogaphs ae awesome.
More informationExam #1 Review Answers
xam #1 Review Answes 1. Given the following pobability distibution, calculate the expected etun, vaiance and standad deviation fo Secuity J. State Pob (R) 1 0.2 10% 2 0.6 15 3 0.2 20 xpected etun = 0.2*10%
More informationThe Role of Gravity in Orbital Motion
! The Role of Gavity in Obital Motion Pat of: Inquiy Science with Datmouth Developed by: Chistophe Caoll, Depatment of Physics & Astonomy, Datmouth College Adapted fom: How Gavity Affects Obits (Ohio State
More informationSolutions to Problems: Chapter 7
Solution to Poblem: Chapte 7 P71. P72. P73. P74. Authoized and available hae LG 2; Baic a. Maximum hae available fo ale Authoized hae 2,000,000 Le: Shae outtanding 1,400,000 Available hae 600,000 b.
More informationDefinitions and terminology
I love the Case & Fai textbook but it is out of date with how monetay policy woks today. Please use this handout to supplement the chapte on monetay policy. The textbook assumes that the Fedeal Reseve
More informationPhysics HSC Course Stage 6. Space. Part 1: Earth s gravitational field
Physics HSC Couse Stage 6 Space Pat 1: Eath s gavitational field Contents Intoduction... Weight... 4 The value of g... 7 Measuing g...8 Vaiations in g...11 Calculating g and W...13 You weight on othe
More information4a 4ab b 4 2 4 2 5 5 16 40 25. 5.6 10 6 (count number of places from first nonzero digit to
. Simplify: 0 4 ( 8) 0 64 ( 8) 0 ( 8) = (Ode of opeations fom left to ight: Paenthesis, Exponents, Multiplication, Division, Addition Subtaction). Simplify: (a 4) + (a ) (a+) = a 4 + a 0 a = a 7. Evaluate
More informationControlling the Money Supply: Bond Purchases in the Open Market
Money Supply By the Bank of Canada and Inteest Rate Detemination Open Opeations and Monetay Tansmission Mechanism The Cental Bank conducts monetay policy Bank of Canada is Canada's cental bank supevises
More informationFirstmark Credit Union Commercial Loan Department
Fistmak Cedit Union Commecial Loan Depatment Thank you fo consideing Fistmak Cedit Union as a tusted souce to meet the needs of you business. Fistmak Cedit Union offes a wide aay of business loans and
More informationDefine What Type of Trader Are you?
Define What Type of Tade Ae you? Boke Nightmae srs Tend Ride By Vladimi Ribakov Ceato of Pips Caie 20 of June 2010 1 Disclaime and Risk Wanings Tading any financial maket involves isk. The content of this
More informationDefinitions. Optimization of online direct marketing efforts. Test 1: Two Email campaigns. Raw Results. Xavier Drèze André Bonfrer. Lucid.
Definitions Optimization of online diect maketing effots Xavie Dèze Andé Bonfe Lucid Easily undestood; intelligible. Mentally sound; sane o ational. Tanslucent o tanspaent. Limpid Chaacteized by tanspaent
More informationQuestions & Answers Chapter 10 Software Reliability Prediction, Allocation and Demonstration Testing
M13914 Questions & Answes Chapte 10 Softwae Reliability Pediction, Allocation and Demonstation Testing 1. Homewok: How to deive the fomula of failue ate estimate. λ = χ α,+ t When the failue times follow
More informationFXA 2008. Candidates should be able to : Describe how a mass creates a gravitational field in the space around it.
Candidates should be able to : Descibe how a mass ceates a gavitational field in the space aound it. Define gavitational field stength as foce pe unit mass. Define and use the peiod of an object descibing
More informationTrading Volume and Serial Correlation in Stock Returns in Pakistan. Abstract
Tading Volume and Seial Coelation in Stock Retuns in Pakistan Khalid Mustafa Assistant Pofesso Depatment of Economics, Univesity of Kaachi email: khalidku@yahoo.com and Mohammed Nishat Pofesso and Chaiman,
More informationEpdf Sulf petroleum, Eflecti and Eeflecti
ANALYSIS OF GLOBAL WARMING MITIGATION BY WHITE REFLECTING SURFACES Fedeico Rossi, Andea Nicolini Univesity of Peugia, CIRIAF Via G.Duanti 67 0615 Peugia, Italy T: +9075585846; F: +90755848470; E: fossi@unipg.it
More informationCoordinate Systems L. M. Kalnins, March 2009
Coodinate Sstems L. M. Kalnins, Mach 2009 Pupose of a Coodinate Sstem The pupose of a coodinate sstem is to uniquel detemine the position of an object o data point in space. B space we ma liteall mean
More informationDeflection of Electrons by Electric and Magnetic Fields
Physics 233 Expeiment 42 Deflection of Electons by Electic and Magnetic Fields Refeences Loain, P. and D.R. Coson, Electomagnetism, Pinciples and Applications, 2nd ed., W.H. Feeman, 199. Intoduction An
More informationLoyalty Rewards and Gift Card Programs: Basic Actuarial Estimation Techniques
Loyalty Rewads and Gift Cad Pogams: Basic Actuaial Estimation Techniques Tim A. Gault, ACAS, MAAA, Len Llaguno, FCAS, MAAA and Matin Ménad, FCAS, MAAA Abstact In this pape we establish an actuaial famewok
More informationDisplacement, Velocity And Acceleration
Displacement, Velocity And Acceleation Vectos and Scalas Position Vectos Displacement Speed and Velocity Acceleation Complete Motion Diagams Outline Scala vs. Vecto Scalas vs. vectos Scala : a eal numbe,
More informationIgnorance is not bliss when it comes to knowing credit score
NET GAIN Scoing points fo you financial futue AS SEEN IN USA TODAY SEPTEMBER 28, 2004 Ignoance is not bliss when it comes to knowing cedit scoe By Sanda Block USA TODAY Fom Alabama comes eassuing news
More informationThe Supply of Loanable Funds: A Comment on the Misconception and Its Implications
JOURNL OF ECONOMICS ND FINNCE EDUCTION Volume 7 Numbe 2 Winte 2008 39 The Supply of Loanable Funds: Comment on the Misconception and Its Implications. Wahhab Khandke and mena Khandke* STRCT Recently FieldsHat
More informationA Capacitated Commodity Trading Model with Market Power
A Capacitated Commodity Tading Model with Maket Powe Victo MatínezdeAlbéniz Josep Maia Vendell Simón IESE Business School, Univesity of Navaa, Av. Peason 1, 08034 Bacelona, Spain VAlbeniz@iese.edu JMVendell@iese.edu
More informationVoltage ( = Electric Potential )
V1 of 9 Voltage ( = lectic Potential ) An electic chage altes the space aound it. Thoughout the space aound evey chage is a vecto thing called the electic field. Also filling the space aound evey chage
More informationSTUDENT RESPONSE TO ANNUITY FORMULA DERIVATION
Page 1 STUDENT RESPONSE TO ANNUITY FORMULA DERIVATION C. Alan Blaylock, Hendeson State Univesity ABSTRACT This pape pesents an intuitive appoach to deiving annuity fomulas fo classoom use and attempts
More informationThings to Remember. r Complete all of the sections on the Retirement Benefit Options form that apply to your request.
Retiement Benefit 1 Things to Remembe Complete all of the sections on the Retiement Benefit fom that apply to you equest. If this is an initial equest, and not a change in a cuent distibution, emembe to
More informationON THE (Q, R) POLICY IN PRODUCTIONINVENTORY SYSTEMS
ON THE R POLICY IN PRODUCTIONINVENTORY SYSTEMS Saifallah Benjaafa and JoonSeok Kim Depatment of Mechanical Engineeing Univesity of Minnesota Minneapolis MN 55455 Abstact We conside a poductioninventoy
More informationDatabase Management Systems
Contents Database Management Systems (COP 5725) D. Makus Schneide Depatment of Compute & Infomation Science & Engineeing (CISE) Database Systems Reseach & Development Cente Couse Syllabus 1 Sping 2012
More informationAN IMPLEMENTATION OF BINARY AND FLOATING POINT CHROMOSOME REPRESENTATION IN GENETIC ALGORITHM
AN IMPLEMENTATION OF BINARY AND FLOATING POINT CHROMOSOME REPRESENTATION IN GENETIC ALGORITHM Main Golub Faculty of Electical Engineeing and Computing, Univesity of Zageb Depatment of Electonics, Micoelectonics,
More informationChannel selection in ecommerce age: A strategic analysis of coop advertising models
Jounal of Industial Engineeing and Management JIEM, 013 6(1):89103 Online ISSN: 0130953 Pint ISSN: 013843 http://dx.doi.og/10.396/jiem.664 Channel selection in ecommece age: A stategic analysis of
More informationVISCOSITY OF BIODIESEL FUELS
VISCOSITY OF BIODIESEL FUELS One of the key assumptions fo ideal gases is that the motion of a given paticle is independent of any othe paticles in the system. With this assumption in place, one can use
More informationAn Analysis of Manufacturer Benefits under Vendor Managed Systems
An Analysis of Manufactue Benefits unde Vendo Managed Systems Seçil Savaşaneil Depatment of Industial Engineeing, Middle East Technical Univesity, 06531, Ankaa, TURKEY secil@ie.metu.edu.t Nesim Ekip 1
More informationEffect of Unemployment Insurance Tax On Wages and Employment: A Partial Equilibrium Analysis
Effect of Unemployment nuance Tax On Wage and Employment: atial Equilibium nalyi Deegha Raj dhikai, Oklahoma Employment Secuity Commiion ynn Gay, Oklahoma Employment Secuity Commiion Jackie Bun, Texa &
More informationChapter 11: Aggregate Demand II, Applying the ISLM Model Th LM t
Equilibium in the  model The cuve epesents equilibium in the goods maket. Chapte :, Applying the  Model Th t C ( T) I( ) G The cuve epesents money maket equilibium. M L(, ) The intesection detemines
More informationPhysics 235 Chapter 5. Chapter 5 Gravitation
Chapte 5 Gavitation In this Chapte we will eview the popeties of the gavitational foce. The gavitational foce has been discussed in geat detail in you intoductoy physics couses, and we will pimaily focus
More informationUNIT CIRCLE TRIGONOMETRY
UNIT CIRCLE TRIGONOMETRY The Unit Cicle is the cicle centeed at the oigin with adius unit (hence, the unit cicle. The equation of this cicle is + =. A diagam of the unit cicle is shown below: + =   
More informationThe Predictive Power of Dividend Yields for Stock Returns: Risk Pricing or Mispricing?
The Pedictive Powe of Dividend Yields fo Stock Retuns: Risk Picing o Mispicing? Glenn Boyle Depatment of Economics and Finance Univesity of Cantebuy Yanhui Li Depatment of Economics and Finance Univesity
More informationMechanics 1: Motion in a Central Force Field
Mechanics : Motion in a Cental Foce Field We now stud the popeties of a paticle of (constant) ass oving in a paticula tpe of foce field, a cental foce field. Cental foces ae ve ipotant in phsics and engineeing.
More informationThe future challenges of Healthcare
The futue challenges of Healthcae D. Eich Hunzike CFO F. Hoffmann La Roche Ltd. JPMogan Healthcae Confeence San Fancisco, Januay 12, 2005 This pesentation contains cetain fowadlooking statements. These
More informationThe force between electric charges. Comparing gravity and the interaction between charges. Coulomb s Law. Forces between two charges
The foce between electic chages Coulomb s Law Two chaged objects, of chage q and Q, sepaated by a distance, exet a foce on one anothe. The magnitude of this foce is given by: kqq Coulomb s Law: F whee
More informationGauss Law. Physics 231 Lecture 21
Gauss Law Physics 31 Lectue 1 lectic Field Lines The numbe of field lines, also known as lines of foce, ae elated to stength of the electic field Moe appopiately it is the numbe of field lines cossing
More informationChapter 30: Magnetic Fields Due to Currents
d Chapte 3: Magnetic Field Due to Cuent A moving electic chage ceate a magnetic field. One of the moe pactical way of geneating a lage magnetic field (.11 T) i to ue a lage cuent flowing though a wie.
More informationDetermining solar characteristics using planetary data
Detemining sola chaacteistics using planetay data Intoduction The Sun is a G type main sequence sta at the cente of the Sola System aound which the planets, including ou Eath, obit. In this inestigation
More informationLecture 16: Color and Intensity. and he made him a coat of many colours. Genesis 37:3
Lectue 16: Colo and Intensity and he made him a coat of many colous. Genesis 37:3 1. Intoduction To display a pictue using Compute Gaphics, we need to compute the colo and intensity of the light at each
More information1240 ev nm 2.5 ev. (4) r 2 or mv 2 = ke2
Chapte 5 Example The helium atom has 2 electonic enegy levels: E 3p = 23.1 ev and E 2s = 20.6 ev whee the gound state is E = 0. If an electon makes a tansition fom 3p to 2s, what is the wavelength of the
More informationSoftware Engineering and Development
I T H E A 67 Softwae Engineeing and Development SOFTWARE DEVELOPMENT PROCESS DYNAMICS MODELING AS STATE MACHINE Leonid Lyubchyk, Vasyl Soloshchuk Abstact: Softwae development pocess modeling is gaining
More informationINVESTIGATION OF FLOW INSIDE AN AXIALFLOW PUMP OF GV IMP TYPE
1 INVESTIGATION OF FLOW INSIDE AN AXIALFLOW PUMP OF GV IMP TYPE ANATOLIY A. YEVTUSHENKO 1, ALEXEY N. KOCHEVSKY 1, NATALYA A. FEDOTOVA 1, ALEXANDER Y. SCHELYAEV 2, VLADIMIR N. KONSHIN 2 1 Depatment of
More informationFinancial Planning and Riskreturn profiles
Financial Planning and Risketun pofiles Stefan Gaf, Alexande Kling und Jochen Russ Pepint Seies: 201016 Fakultät fü Mathematik und Witschaftswissenschaften UNIERSITÄT ULM Financial Planning and Risketun
More informationFigure 2. So it is very likely that the Babylonians attributed 60 units to each side of the hexagon. Its resulting perimeter would then be 360!
1. What ae angles? Last time, we looked at how the Geeks intepeted measument of lengths. Howeve, as fascinated as they wee with geomety, thee was a shape that was much moe enticing than any othe : the
More informationThe Binomial Distribution
The Binomial Distibution A. It would be vey tedious if, evey time we had a slightly diffeent poblem, we had to detemine the pobability distibutions fom scatch. Luckily, thee ae enough similaities between
More informationSUGGESTED SOLUTIONS. 21404 Strategic Financial Management. CA Professional (Strategic Level II) Examination June 2014
SUGGESTED SOLUTIONS 21404 Stategic Financial Management CA Pofessional (Stategic Level II) Examination June 2014 THE INSTITUTE OF CHARTERED ACCOUNTANTS OF SRI LANKA All Rights Reseved Answe No. 01 (a)
More informationContingent capital with repeated interconversion between debt and equity
Contingent capital with epeated inteconvesion between debt and equity Zhaojun Yang 1, Zhiming Zhao School of Finance and Statistics, Hunan Univesity, Changsha 410079, China Abstact We develop a new type
More informationGravitation. AP Physics C
Gavitation AP Physics C Newton s Law of Gavitation What causes YOU to be pulled down? THE EARTH.o moe specifically the EARTH S MASS. Anything that has MASS has a gavitational pull towads it. F α Mm g What
More informationNBER WORKING PAPER SERIES FISCAL ZONING AND SALES TAXES: DO HIGHER SALES TAXES LEAD TO MORE RETAILING AND LESS MANUFACTURING?
NBER WORKING PAPER SERIES FISCAL ZONING AND SALES TAXES: DO HIGHER SALES TAXES LEAD TO MORE RETAILING AND LESS MANUFACTURING? Daia Bunes David Neumak Michelle J. White Woking Pape 16932 http://www.nbe.og/papes/w16932
More informationCommon and Fundamental Factors in Stock Returns of Canadian Oil and Gas Companies
2004s62 Common and Fundamental Factos in Stock Retuns of Canadian Oil and Gas Companies M. Matin Boye, idie Filion Séie Scientifique Scientific Seies Montéal écembe 2004 2004 M. Matin Boye, idie Filion.
More informationFinancial Derivatives for Computer Network Capacity Markets with QualityofService Guarantees
Financial Deivatives fo Compute Netwok Capacity Makets with QualityofSevice Guaantees Pette Pettesson pp@kth.se Febuay 2003 SICS Technical Repot T2003:03 Keywods Netwoking and Intenet Achitectue. Abstact
More informationSaving and Investing for Early Retirement: A Theoretical Analysis
Saving and Investing fo Ealy Retiement: A Theoetical Analysis Emmanuel Fahi MIT Stavos Panageas Whaton Fist Vesion: Mach, 23 This Vesion: Januay, 25 E. Fahi: MIT Depatment of Economics, 5 Memoial Dive,
More informationThe impact of migration on the provision. of UK public services (SRG.10.039.4) Final Report. December 2011
The impact of migation on the povision of UK public sevices (SRG.10.039.4) Final Repot Decembe 2011 The obustness The obustness of the analysis of the is analysis the esponsibility is the esponsibility
More informationPatent renewals and R&D incentives
RAND Jounal of Economics Vol. 30, No., Summe 999 pp. 97 3 Patent enewals and R&D incentives Fancesca Conelli* and Mak Schankeman** In a model with moal hazad and asymmetic infomation, we show that it can
More informationCarterPenrose diagrams and black holes
CatePenose diagams and black holes Ewa Felinska The basic intoduction to the method of building Penose diagams has been pesented, stating with obtaining a Penose diagam fom Minkowski space. An example
More informationThe PersonalTax Advantages of Equity
The PesonalTax Advantages of Equity Richad C. Geen and Buton Hollifield Gaduate School of Industial Administation Canegie Mellon Univesity Decembe 23, 999 Discussions with Piee Collin Dufesne, Bob Dammon,
More informationInstructions to help you complete your enrollment form for HPHC's Medicare Supplemental Plan
Instuctions to help you complete you enollment fom fo HPHC's Medicae Supplemental Plan Thank you fo applying fo membeship to HPHC s Medicae Supplement plan. Pio to submitting you enollment fom fo pocessing,
More informationSELFINDUCTANCE AND INDUCTORS
MISN0144 SELFINDUCTANCE AND INDUCTORS SELFINDUCTANCE AND INDUCTORS by Pete Signell Michigan State Univesity 1. Intoduction.............................................. 1 A 2. SelfInductance L.........................................
More informationAn Epidemic Model of Mobile Phone Virus
An Epidemic Model of Mobile Phone Vius Hui Zheng, Dong Li, Zhuo Gao 3 Netwok Reseach Cente, Tsinghua Univesity, P. R. China zh@tsinghua.edu.cn School of Compute Science and Technology, Huazhong Univesity
More informationData Center Demand Response: Avoiding the Coincident Peak via Workload Shifting and Local Generation
(213) 1 28 Data Cente Demand Response: Avoiding the Coincident Peak via Wokload Shifting and Local Geneation Zhenhua Liu 1, Adam Wieman 1, Yuan Chen 2, Benjamin Razon 1, Niangjun Chen 1 1 Califonia Institute
More informationComparing Availability of Various Rack Power Redundancy Configurations
Compaing Availability of Vaious Rack Powe Redundancy Configuations By Victo Avela White Pape #48 Executive Summay Tansfe switches and dualpath powe distibution to IT equipment ae used to enhance the availability
More informationComparing Availability of Various Rack Power Redundancy Configurations
Compaing Availability of Vaious Rack Powe Redundancy Configuations White Pape 48 Revision by Victo Avela > Executive summay Tansfe switches and dualpath powe distibution to IT equipment ae used to enhance
More informationCHAPTER 5 GRAVITATIONAL FIELD AND POTENTIAL
CHATER 5 GRAVITATIONAL FIELD AND OTENTIAL 5. Intoduction. This chapte deals with the calculation of gavitational fields and potentials in the vicinity of vaious shapes and sizes of massive bodies. The
More informationA r. (Can you see that this just gives the formula we had above?)
241 (SJP, Phys 1120) lectic flux, and Gauss' law Finding the lectic field due to a bunch of chages is KY! Once you know, you know the foce on any chage you put down  you can pedict (o contol) motion
More informationIntertemporal Macroeconomics
Intetempoal Macoeconomics Genot Doppelhofe* May 2009 Fothcoming in J. McCombie and N. Allington (eds.), Cambidge Essays in Applied Economics, Cambidge UP This chapte eviews models of intetempoal choice
More information