This review presents a comprehensive techno-economic and life-cycle assessment of sustainable aviation fuel(SAF)production from biomass.The critical need for transitioning towards environmentally sustainable alternati...This review presents a comprehensive techno-economic and life-cycle assessment of sustainable aviation fuel(SAF)production from biomass.The critical need for transitioning towards environmentally sustainable alternatives for liquid fuel and aviation industry is first discussed.Key insights encompass the evolutionary progression of biofuel production from first-generation to second-generation biofuels,with a focus on utilizing non-food sources like woody biomass for enhanced sustainability.Available data from the literature on techno-economic assessments of various SAF production pathways are analyzed including production costs,conversion efficiency,and scalability.Moreover,results of lifecycle assessments associated with different SAF production pathways are presented,providing essential insights for decision-making processes.The challenges of scaling up woody biomass-based SAF production are discussed based on the assessment results,and recommendations are proposed to steer stakeholders towards a greener and more sustainable trajectory for aviation operations.展开更多
Covalent organic frameworks(COFs)are promising materials for converting solar energy into green hydrogen.However,limited charge separation and transport in COFs impede their application in the photocatalytic hydrogen ...Covalent organic frameworks(COFs)are promising materials for converting solar energy into green hydrogen.However,limited charge separation and transport in COFs impede their application in the photocatalytic hydrogen evolution reaction(HER).In this study,the intrinsically tunable internal bond electric field(IBEF)at the imine bonds of COFs was manipulated to cooperate with the internal molecular electric field(IMEF)induced by the donor-acceptor(D-A)structure for an efficient HER.The aligned orientation of IBEF and IMEF resulted in a remarkable H_(2) evolution rate of 57.3 mmol·g^(-1)·h^(-1)on TNCA,which was approximately 520 times higher than that of TCNA(0.11 mmol·g^(-1)·h^(-1))with the opposing electric field orientation.The superposition of the dual electric fields enables the IBEF to function as an accelerating field for electron transfer,kinetically facilitat-ing the migration of photogenerated electrons from D to A.Furthermore,theoretical calculations indicate that the inhomogeneous charge distribution at the C and N atoms in TNCA not only pro-vides a strong driving force for carrier transfer but also effectively hinders the return of free elec-trons to the valence band,improving the utilization of photoelectrons.This strategy of fabricating dual electric fields in COFs offers a novel approach to designing photocatalysts for clean energy synthesis.展开更多
The concept of the e-marketplace is introduced.Considering a supply chain with a single manufacturer who sells a single item in an e-marketplace,an analytical model for the use of the e-marketplace in a supply chain i...The concept of the e-marketplace is introduced.Considering a supply chain with a single manufacturer who sells a single item in an e-marketplace,an analytical model for the use of the e-marketplace in a supply chain is provided.Assuming the market demand is stochastic and price-dependent,the conditions under which the manufacturer and the e-marketplace owner share the market in equilibrium is developed.The existence and uniqueness of the optimal selling price,quantity and transaction percentage are proved.An integrated supply chain is put forward,and then the efficiency of supply chain coordination is studied by comparing the integrated supply chain with the decentralized supply chain.To gain further insights on the theoretical models,extensive simulations are then carried out.展开更多
[Obective] This study amied to evaluate the direct usage value of Liangzi Lake, like plants and animal resources and water storage value. [Method] It was measured through the market value method. The physical environm...[Obective] This study amied to evaluate the direct usage value of Liangzi Lake, like plants and animal resources and water storage value. [Method] It was measured through the market value method. The physical environment was introduced and the productivity of the lake was investigated both through the literature materials and the investigations. The market value method was clarified in this paper as well as its operation process and the application fields. [Result] Based on the introduction of the current situation in Liangzi Lake, the direct usage value was estimated as 1.32 billion Yuan/year. Plant resources value was 318 million Yuan/year; animal resources value was 675 million Yuan/year; and water storage value was 325 million Yuan/year for the three parts. [Conclusion] This paper will attract more attention to the emphasis of the reasonable development of nature sources.展开更多
In the first half of 2005. the import of erude oil increased 4% up of the same period, but the net import of petroleum products including crude oil, oil products, liquefied petroleum gas (LPG) and others declined 7%...In the first half of 2005. the import of erude oil increased 4% up of the same period, but the net import of petroleum products including crude oil, oil products, liquefied petroleum gas (LPG) and others declined 7% of the same period last year. As the oil price in international market continuously climbs up and creates new records,展开更多
Based on a new semi empirical analytical method, namely equivalent doping transformation, the breakdown voltage and the peak field of the epitaxial diffused punch through junction have been obtained. The basic prin...Based on a new semi empirical analytical method, namely equivalent doping transformation, the breakdown voltage and the peak field of the epitaxial diffused punch through junction have been obtained. The basic principle of this method is introduced and a set of breakdown voltage and peak field plots are provided for the optimum design of the low voltage power devices. It shows that the analytical results coincide with the previous numerical simulation well.展开更多
With the reform of agriculture, family farms have become hot spots in the reform of agricultural management system. Taking Rudong County of Jiangsu Province for an example, the land transfer performance of family farm...With the reform of agriculture, family farms have become hot spots in the reform of agricultural management system. Taking Rudong County of Jiangsu Province for an example, the land transfer performance of family farms was evalu- ated using the first hand data from field investigation by building an index system for comprehensive performance evaluation of family farm land transfer covering three dimensions of economy, society and ecology. The results show that land transfer in family farm mode has realized the scale management of land, enhanced the agri- cultural level of science and technology, effectively promoted the structural adjust- ment of agriculture and income increase of farmers, advanced the development of eco-agriculture, and achieved good economic and social performances. However, in the development process of family farms, inputs of agro-chemicals, fertilizers and other agro-products have brought about the eco-environmental problems, which are still worth noting.展开更多
Human pressure on mountain resources poses certain threats to their natural and man-made environment. Although there are many parameters involved, one of the driving forces behind this situation is the emphasis given ...Human pressure on mountain resources poses certain threats to their natural and man-made environment. Although there are many parameters involved, one of the driving forces behind this situation is the emphasis given so far only to the market value of mountain goods and services, ignoring the true social and environmental costs of using mountain resources. Towards this direction, the use of non-market valuation techniques could prove to be beneficial. Bearing in mind the above remarks, the paper presents an application of the Contingent Valuation Method, which aims at estimating the monetary value of a mountain settlement’s vernacular architecture, namely Metsovo. For this purpose, the survey focuses on Metsovo visitors’ willingness to pay a single annual voluntary contribution to an institution that would be founded in order to undertake all necessary actions required to preserve the town’s traditional character. The results are very promising and indicate that vernacular architecture holds a significant economic value that could justify the implementation of appropriate policies towards the protection of vernacular settlements in mountain areas.展开更多
Wetlands play an important ecological role and provide many functions for people, yet wetlands are cur- rently decreasing and deteriorating. The ability to calculate an economic value for the loss of wetlands is becom...Wetlands play an important ecological role and provide many functions for people, yet wetlands are cur- rently decreasing and deteriorating. The ability to calculate an economic value for the loss of wetlands is becoming in- creasingly important for policy makers. In this study, remote sensing, field investigations, department visits, and other methods were used to survey wetland types, assess wetland area changes, and calculate wetland economic value. Mar- ket value loss and ecological ftmction value loss, caused by reduction of wetland area and environmental pollution were calculated using commonly accepted methods of market valuation, ecological valuation, environmental protection investment cost analysis, and outcome parameters. According to market value loss and ecological function value loss, preliminarily fund allocation for wetland and ecological compensation was calculated. This will provide an important reference for future Yellow River Delta eco-compensation studies.展开更多
Yam, Dioscorea esculenta which is a high value commodity is a threatened species in Ghana, due to several factors including neglect on the part of science, technology, research and development. Different doses of radi...Yam, Dioscorea esculenta which is a high value commodity is a threatened species in Ghana, due to several factors including neglect on the part of science, technology, research and development. Different doses of radiation were use to improve the size and market value of D. esculenta to promote it effective use and enhance effective conservation. We observed through repeated experiments that irradiation of yam planting material at 40 Gy gave the best results producing a M1 generation with a decreased number of tubers but with an increased tuber size per vine. Some yam characteristics are valued more than others, and prices vary across species, time, and market sites. Tuber weight exhibits an increasing marginal value and price per kilogram increases above an optimum size; therefore, yam producers and dealers derive additional reward from extra-large tubers. We conclude that, to effectively access and benefit from urban markets, producers should focus on the improved size and conical shaped-tubers, which are easy to process and meet the aesthetic qualities preferred by urban consumers. The implications for research on improved variety development to reduce poverty and for crop and resource management practices are drawn.展开更多
Shale gas is a practical resource with great potential that could be economically explored and developed in the near future. It has been commercially developed in North America and other places. Featuring a vast distr...Shale gas is a practical resource with great potential that could be economically explored and developed in the near future. It has been commercially developed in North America and other places. Featuring a vast distribution, a low abundance,unfavorable reservoir conditions, ultra-low permeability and a fast production decline, shale gas is more difficult to develop than conventional natural gas, as it needs advanced drilling and completion technology to develop. During the early stage of shale gas exploration and development, the United States offered enterprises necessary incentives such as tax reductions and exemptions and subsidies to achieve sustainable shale gas development and encourage technological progresses. By comparing the state of China's shale gas development with that of the US' in terms of geological conditions, production technology,market price, tax relief, subsidy periods and amount, this paper intends to put forward related suggestions for the effective development of shale gas according to the current status of development.展开更多
Using VAR-DCC-GARCH model,the literature on commodity price was extended by exploring the co-movement between Chinese nonferrous metal prices and global nonferrous metal prices represented by the nonferrous metal pric...Using VAR-DCC-GARCH model,the literature on commodity price was extended by exploring the co-movement between Chinese nonferrous metal prices and global nonferrous metal prices represented by the nonferrous metal prices from London Metal Exchange(LME).The results show that LME nonferrous metals prices still have a greater impact on Chinese nonferrous metals prices.However,the impact of Chinese nonferrous metals prices on LME nonferrous metals prices is still weak except for lead price.The co-movement of nonferrous metal prices between LME and China presents hysteretic nature,and it lasts for 7-8trading days.Furthermore,the co-movement between LME nonferrous metals prices and Chinese nonferrous metals prices has the characteristics of time-varying,and the correlation of lead prices between LME and China is the more stable than all other nonferrous metals prices.展开更多
One of most challenging problems from applying the Black-Scholes model to financial derivatives, is reconciling the deviation between the expected and observed values. This study derives an extension of the Black-Scho...One of most challenging problems from applying the Black-Scholes model to financial derivatives, is reconciling the deviation between the expected and observed values. This study derives an extension of the Black-Scholes model and recovers the real drift of binary call options from their market prices. For space-dependent real drift, we obtain stable linearization and an integral equation. We also find that using market prices of options with different strike prices enables us to identify the term structure of the real drift. Results demonstrate that our new approach can confirm the existence of arbitrage opportunities in a binary option transaction.展开更多
There are three primary methodologies employed to determine real estate value in the appraisal industry: the cost approach, the sales approach and the income approach. The definition of market value is defined as: ...There are three primary methodologies employed to determine real estate value in the appraisal industry: the cost approach, the sales approach and the income approach. The definition of market value is defined as: "a type of value, stated as an opinion that includes a set of assumptions concerning the market". Unfortunately, untrained and unlicensed appraisers provided opinions using primarily the sales approach or market data approach and virtually ignored the other two methodologies. The ensuing game of "Can You Top This" resulted in creating an out-of-control real estate market driven by unregulated fiduciaries as appraisers.展开更多
The hedonic price model is widely applied to study the urban housing market because of the heterogeneity of housing products. Literature indicated that the hedonic price theory mainly includes two parts: Lancaster’s ...The hedonic price model is widely applied to study the urban housing market because of the heterogeneity of housing products. Literature indicated that the hedonic price theory mainly includes two parts: Lancaster’s partiality theory and Rosen’s characteristic market equilibrium analysis. This paper chose 18 characteristics as independent variables and set up a linear hedonic price model for Hangzhou City. The model was tested with 2473 housing samples and field survey data of 290 housing commu-nities. This research found that 14 out of 18 characteristics had significant influence on housing price. They were classified into 5 groups according to their impact degree.展开更多
文摘This review presents a comprehensive techno-economic and life-cycle assessment of sustainable aviation fuel(SAF)production from biomass.The critical need for transitioning towards environmentally sustainable alternatives for liquid fuel and aviation industry is first discussed.Key insights encompass the evolutionary progression of biofuel production from first-generation to second-generation biofuels,with a focus on utilizing non-food sources like woody biomass for enhanced sustainability.Available data from the literature on techno-economic assessments of various SAF production pathways are analyzed including production costs,conversion efficiency,and scalability.Moreover,results of lifecycle assessments associated with different SAF production pathways are presented,providing essential insights for decision-making processes.The challenges of scaling up woody biomass-based SAF production are discussed based on the assessment results,and recommendations are proposed to steer stakeholders towards a greener and more sustainable trajectory for aviation operations.
文摘Covalent organic frameworks(COFs)are promising materials for converting solar energy into green hydrogen.However,limited charge separation and transport in COFs impede their application in the photocatalytic hydrogen evolution reaction(HER).In this study,the intrinsically tunable internal bond electric field(IBEF)at the imine bonds of COFs was manipulated to cooperate with the internal molecular electric field(IMEF)induced by the donor-acceptor(D-A)structure for an efficient HER.The aligned orientation of IBEF and IMEF resulted in a remarkable H_(2) evolution rate of 57.3 mmol·g^(-1)·h^(-1)on TNCA,which was approximately 520 times higher than that of TCNA(0.11 mmol·g^(-1)·h^(-1))with the opposing electric field orientation.The superposition of the dual electric fields enables the IBEF to function as an accelerating field for electron transfer,kinetically facilitat-ing the migration of photogenerated electrons from D to A.Furthermore,theoretical calculations indicate that the inhomogeneous charge distribution at the C and N atoms in TNCA not only pro-vides a strong driving force for carrier transfer but also effectively hinders the return of free elec-trons to the valence band,improving the utilization of photoelectrons.This strategy of fabricating dual electric fields in COFs offers a novel approach to designing photocatalysts for clean energy synthesis.
基金The National Key Technology R&D Program of China during the11th Five-Year Plan Period(No.2006BAH02A06)the Program Project of Humanity and Social Science of Ministry of Education in China(No.06JA630012)
文摘The concept of the e-marketplace is introduced.Considering a supply chain with a single manufacturer who sells a single item in an e-marketplace,an analytical model for the use of the e-marketplace in a supply chain is provided.Assuming the market demand is stochastic and price-dependent,the conditions under which the manufacturer and the e-marketplace owner share the market in equilibrium is developed.The existence and uniqueness of the optimal selling price,quantity and transaction percentage are proved.An integrated supply chain is put forward,and then the efficiency of supply chain coordination is studied by comparing the integrated supply chain with the decentralized supply chain.To gain further insights on the theoretical models,extensive simulations are then carried out.
文摘[Obective] This study amied to evaluate the direct usage value of Liangzi Lake, like plants and animal resources and water storage value. [Method] It was measured through the market value method. The physical environment was introduced and the productivity of the lake was investigated both through the literature materials and the investigations. The market value method was clarified in this paper as well as its operation process and the application fields. [Result] Based on the introduction of the current situation in Liangzi Lake, the direct usage value was estimated as 1.32 billion Yuan/year. Plant resources value was 318 million Yuan/year; animal resources value was 675 million Yuan/year; and water storage value was 325 million Yuan/year for the three parts. [Conclusion] This paper will attract more attention to the emphasis of the reasonable development of nature sources.
文摘In the first half of 2005. the import of erude oil increased 4% up of the same period, but the net import of petroleum products including crude oil, oil products, liquefied petroleum gas (LPG) and others declined 7% of the same period last year. As the oil price in international market continuously climbs up and creates new records,
文摘Based on a new semi empirical analytical method, namely equivalent doping transformation, the breakdown voltage and the peak field of the epitaxial diffused punch through junction have been obtained. The basic principle of this method is introduced and a set of breakdown voltage and peak field plots are provided for the optimum design of the low voltage power devices. It shows that the analytical results coincide with the previous numerical simulation well.
文摘With the reform of agriculture, family farms have become hot spots in the reform of agricultural management system. Taking Rudong County of Jiangsu Province for an example, the land transfer performance of family farms was evalu- ated using the first hand data from field investigation by building an index system for comprehensive performance evaluation of family farm land transfer covering three dimensions of economy, society and ecology. The results show that land transfer in family farm mode has realized the scale management of land, enhanced the agri- cultural level of science and technology, effectively promoted the structural adjust- ment of agriculture and income increase of farmers, advanced the development of eco-agriculture, and achieved good economic and social performances. However, in the development process of family farms, inputs of agro-chemicals, fertilizers and other agro-products have brought about the eco-environmental problems, which are still worth noting.
文摘Human pressure on mountain resources poses certain threats to their natural and man-made environment. Although there are many parameters involved, one of the driving forces behind this situation is the emphasis given so far only to the market value of mountain goods and services, ignoring the true social and environmental costs of using mountain resources. Towards this direction, the use of non-market valuation techniques could prove to be beneficial. Bearing in mind the above remarks, the paper presents an application of the Contingent Valuation Method, which aims at estimating the monetary value of a mountain settlement’s vernacular architecture, namely Metsovo. For this purpose, the survey focuses on Metsovo visitors’ willingness to pay a single annual voluntary contribution to an institution that would be founded in order to undertake all necessary actions required to preserve the town’s traditional character. The results are very promising and indicate that vernacular architecture holds a significant economic value that could justify the implementation of appropriate policies towards the protection of vernacular settlements in mountain areas.
基金Under the auspices of Scientific and Technological Projects of Shandong Province (No. 2006GG2206019, 2007 GG30006002)National Natural Science Foundation of China (No.40901065)
文摘Wetlands play an important ecological role and provide many functions for people, yet wetlands are cur- rently decreasing and deteriorating. The ability to calculate an economic value for the loss of wetlands is becoming in- creasingly important for policy makers. In this study, remote sensing, field investigations, department visits, and other methods were used to survey wetland types, assess wetland area changes, and calculate wetland economic value. Mar- ket value loss and ecological ftmction value loss, caused by reduction of wetland area and environmental pollution were calculated using commonly accepted methods of market valuation, ecological valuation, environmental protection investment cost analysis, and outcome parameters. According to market value loss and ecological function value loss, preliminarily fund allocation for wetland and ecological compensation was calculated. This will provide an important reference for future Yellow River Delta eco-compensation studies.
文摘Yam, Dioscorea esculenta which is a high value commodity is a threatened species in Ghana, due to several factors including neglect on the part of science, technology, research and development. Different doses of radiation were use to improve the size and market value of D. esculenta to promote it effective use and enhance effective conservation. We observed through repeated experiments that irradiation of yam planting material at 40 Gy gave the best results producing a M1 generation with a decreased number of tubers but with an increased tuber size per vine. Some yam characteristics are valued more than others, and prices vary across species, time, and market sites. Tuber weight exhibits an increasing marginal value and price per kilogram increases above an optimum size; therefore, yam producers and dealers derive additional reward from extra-large tubers. We conclude that, to effectively access and benefit from urban markets, producers should focus on the improved size and conical shaped-tubers, which are easy to process and meet the aesthetic qualities preferred by urban consumers. The implications for research on improved variety development to reduce poverty and for crop and resource management practices are drawn.
文摘Shale gas is a practical resource with great potential that could be economically explored and developed in the near future. It has been commercially developed in North America and other places. Featuring a vast distribution, a low abundance,unfavorable reservoir conditions, ultra-low permeability and a fast production decline, shale gas is more difficult to develop than conventional natural gas, as it needs advanced drilling and completion technology to develop. During the early stage of shale gas exploration and development, the United States offered enterprises necessary incentives such as tax reductions and exemptions and subsidies to achieve sustainable shale gas development and encourage technological progresses. By comparing the state of China's shale gas development with that of the US' in terms of geological conditions, production technology,market price, tax relief, subsidy periods and amount, this paper intends to put forward related suggestions for the effective development of shale gas according to the current status of development.
基金Project(71073177)supported by the National Natural Science Foundation of ChinaProject(12JJ4077)supported by the Natural Science Foundation of Hunan Province of ChinaProject(2012zzts002)supported by the Fundamental Research Funds of Central South University,China
文摘Using VAR-DCC-GARCH model,the literature on commodity price was extended by exploring the co-movement between Chinese nonferrous metal prices and global nonferrous metal prices represented by the nonferrous metal prices from London Metal Exchange(LME).The results show that LME nonferrous metals prices still have a greater impact on Chinese nonferrous metals prices.However,the impact of Chinese nonferrous metals prices on LME nonferrous metals prices is still weak except for lead price.The co-movement of nonferrous metal prices between LME and China presents hysteretic nature,and it lasts for 7-8trading days.Furthermore,the co-movement between LME nonferrous metals prices and Chinese nonferrous metals prices has the characteristics of time-varying,and the correlation of lead prices between LME and China is the more stable than all other nonferrous metals prices.
文摘One of most challenging problems from applying the Black-Scholes model to financial derivatives, is reconciling the deviation between the expected and observed values. This study derives an extension of the Black-Scholes model and recovers the real drift of binary call options from their market prices. For space-dependent real drift, we obtain stable linearization and an integral equation. We also find that using market prices of options with different strike prices enables us to identify the term structure of the real drift. Results demonstrate that our new approach can confirm the existence of arbitrage opportunities in a binary option transaction.
文摘There are three primary methodologies employed to determine real estate value in the appraisal industry: the cost approach, the sales approach and the income approach. The definition of market value is defined as: "a type of value, stated as an opinion that includes a set of assumptions concerning the market". Unfortunately, untrained and unlicensed appraisers provided opinions using primarily the sales approach or market data approach and virtually ignored the other two methodologies. The ensuing game of "Can You Top This" resulted in creating an out-of-control real estate market driven by unregulated fiduciaries as appraisers.
基金Project supported by the National Social Science Foundation of China (No. 05CJY017), the Philosophy and Social Science Founda-tion of Zhejiang Province, China (No. N04GL06), and ShuguangProject (2004) of Zhejiang University, China
文摘The hedonic price model is widely applied to study the urban housing market because of the heterogeneity of housing products. Literature indicated that the hedonic price theory mainly includes two parts: Lancaster’s partiality theory and Rosen’s characteristic market equilibrium analysis. This paper chose 18 characteristics as independent variables and set up a linear hedonic price model for Hangzhou City. The model was tested with 2473 housing samples and field survey data of 290 housing commu-nities. This research found that 14 out of 18 characteristics had significant influence on housing price. They were classified into 5 groups according to their impact degree.