After many years of exploitation,onshore oil and gas resources are about to enter a recession period.Oil and gas will mainly come from oceans in the future.Generally speaking,the exploration and production(E&P)cos...After many years of exploitation,onshore oil and gas resources are about to enter a recession period.Oil and gas will mainly come from oceans in the future.Generally speaking,the exploration and production(E&P)cost of oil from offshore is much higher than that of oil from onshore,so it is more sensitive to oil price.However,in recent years,oil price has been hovering at a low level for a long time,almost close to or even lower than the E&P cost of oil,which directly affects the development of oilfields.Besides the influence of oil price,some oilfields present the characteristics of marginal reserve scale,short peak production period and output rapidly declining.There leads to short economic life period and makes the economic benefit close to or lower than oilfield’s hurdle rate,which increases the difficulty of offshore oilfield development.As an important part of oilfield development,Floating Production Storage and Offloading unit,its investment mode and rent mode directly affect overall oilfield’s rate of return and the economic life.This paper chooses lease mode as the research object based on the analysis of investment mode,and further puts forward rent mode related with oil price through the analysis of traditional rent mode,and illustrates the advantages and disadvantages of various rent modes and their applicability so that the lessor chooses the right mode to achieve Win-Win with Oil Company and promotes the development of oilfields under low oil price.展开更多
The rapid growth of the Chinese economy has fueled the expansion of power grids.Power transformers are key equipment in power grid projects,and their price changes have a significant impact on cost control.However,the...The rapid growth of the Chinese economy has fueled the expansion of power grids.Power transformers are key equipment in power grid projects,and their price changes have a significant impact on cost control.However,the prices of power transformer materials manifest as nonsmooth and nonlinear sequences.Hence,estimating the acquisition costs of power grid projects is difficult,hindering the normal operation of power engineering construction.To more accurately predict the price of power transformer materials,this study proposes a method based on complementary ensemble empirical mode decomposition(CEEMD)and gated recurrent unit(GRU)network.First,the CEEMD decomposed the price series into multiple intrinsic mode functions(IMFs).Multiple IMFs were clustered to obtain several aggregated sequences based on the sample entropy of each IMF.Then,an empirical wavelet transform(EWT)was applied to the aggregation sequence with a large sample entropy,and the multiple subsequences obtained from the decomposition were predicted by the GRU model.The GRU model was used to directly predict the aggregation sequences with a small sample entropy.In this study,we used authentic historical pricing data for power transformer materials to validate the proposed approach.The empirical findings demonstrated the efficacy of our method across both datasets,with mean absolute percentage errors(MAPEs)of less than 1%and 3%.This approach holds a significant reference value for future research in the field of power transformer material price prediction.展开更多
Empirical mode decomposition (EMD) and BP_AdaBoost neural network are used in this paper to model the oil price. Based on the benefits of these two methods, we predict the oil price by using them. To a certain extent,...Empirical mode decomposition (EMD) and BP_AdaBoost neural network are used in this paper to model the oil price. Based on the benefits of these two methods, we predict the oil price by using them. To a certain extent, it effectively improves the accuracy of short-term price forecasting. Forecast results of this model are compared with the results of the ARIMA model, BP neural network and EMD-BP combined model. The experimental result shows that the root mean square error (RMSE), mean absolute error (MAE), mean absolute percentage error (MAPE) and Theil inequality (U) of EMD and BP_AdaBoost model are lower than other models, and the combined model has better prediction accuracy.展开更多
● Power tariffreform has made many important and substantialprogresses in respect ofmarketization● The benchmark tariff is a revolutionary progress made in China's power tariff reform● Coal-electricity price li...● Power tariffreform has made many important and substantialprogresses in respect ofmarketization● The benchmark tariff is a revolutionary progress made in China's power tariff reform● Coal-electricity price linkage is a transitional approach which needs further improvement● The principle of T&D pricing is "cost plus profit," but it can also be based on pro rata control● China's electricity market should choose the mode of bilateral contracting combined withcentralized market● The direction of the power tariff reform is that electricity price shall be controlled mainly by the re-lationship between supply and demand in the展开更多
Right after the spring festival,six batches of experts were appointed by China National Textile and Apparel Council respectively to conduct field- depth investigations in terms of textile trades and operations through...Right after the spring festival,six batches of experts were appointed by China National Textile and Apparel Council respectively to conduct field- depth investigations in terms of textile trades and operations throughout the country.Indeed,the energy shortage this year,coupled with anti-dumping, appreciation of the renminbi,rising labor cost,raw materials prices as well as policy adjustments on export tax rebate and textile factories are posing harsher pressures on the whole industry,especially the export-oriented enterprises or the ones with OEM as their main product mode,so the price of things "made in China" are less competitive in international market, however,every way out comes from the forge of hard and bitter struggle, and at present,more and more enterprises realize that they have to get rid of low-level production,update their capability to enhance value of product and seek new spirit sustains, such as innovation to enhance their product展开更多
In this paper,the author first summarizes China’s price operation situation and characteristics since the 1990s,and thenanalyzes inflation shaping factors and types.Based on that,the author raises six inflation early...In this paper,the author first summarizes China’s price operation situation and characteristics since the 1990s,and thenanalyzes inflation shaping factors and types.Based on that,the author raises six inflation early-warning indexes andfully dissects influencing factors of the overall price trend and inflation risks during the 12th Five-year Plan period.Afterthat,the author explains some aspects of price fluctuation that warrants attention during the 12th Five-year Plan period.Finally,the author puts forward policies and suggestions for stabilizing the overall price during the transformation of theeconomic development mode based on our actual situation.展开更多
Electricity prices have complex features,such as high frequency,multiple seasonality,and nonlinearity.These factors will make the prediction of electricity prices difficult.However,accurate electricity price predictio...Electricity prices have complex features,such as high frequency,multiple seasonality,and nonlinearity.These factors will make the prediction of electricity prices difficult.However,accurate electricity price prediction is important for energy producers and consumers to develop bidding strategies.To improve the accuracy of prediction by using each algorithms’advantages,this paper proposes a hybrid model that uses the Empirical Mode Decomposition(EMD),Autoregressive Integrated Moving Average(ARIMA),and Temporal Convolutional Network(TCN).EMD is used to decompose the electricity prices into low and high frequency components.Low frequency components are forecasted by the ARIMA model and the high frequency series are predicted by the TCN model.Experimental results using the realistic electricity price data from Pennsylvania-New Jersey-Maryland(PJM)electricity markets show that the proposed method has a higher prediction accuracy than other single methods and hybrid methods.展开更多
文摘After many years of exploitation,onshore oil and gas resources are about to enter a recession period.Oil and gas will mainly come from oceans in the future.Generally speaking,the exploration and production(E&P)cost of oil from offshore is much higher than that of oil from onshore,so it is more sensitive to oil price.However,in recent years,oil price has been hovering at a low level for a long time,almost close to or even lower than the E&P cost of oil,which directly affects the development of oilfields.Besides the influence of oil price,some oilfields present the characteristics of marginal reserve scale,short peak production period and output rapidly declining.There leads to short economic life period and makes the economic benefit close to or lower than oilfield’s hurdle rate,which increases the difficulty of offshore oilfield development.As an important part of oilfield development,Floating Production Storage and Offloading unit,its investment mode and rent mode directly affect overall oilfield’s rate of return and the economic life.This paper chooses lease mode as the research object based on the analysis of investment mode,and further puts forward rent mode related with oil price through the analysis of traditional rent mode,and illustrates the advantages and disadvantages of various rent modes and their applicability so that the lessor chooses the right mode to achieve Win-Win with Oil Company and promotes the development of oilfields under low oil price.
基金supported by China Southern Power Grid Science and Technology Innovation Research Project(000000KK52220052).
文摘The rapid growth of the Chinese economy has fueled the expansion of power grids.Power transformers are key equipment in power grid projects,and their price changes have a significant impact on cost control.However,the prices of power transformer materials manifest as nonsmooth and nonlinear sequences.Hence,estimating the acquisition costs of power grid projects is difficult,hindering the normal operation of power engineering construction.To more accurately predict the price of power transformer materials,this study proposes a method based on complementary ensemble empirical mode decomposition(CEEMD)and gated recurrent unit(GRU)network.First,the CEEMD decomposed the price series into multiple intrinsic mode functions(IMFs).Multiple IMFs were clustered to obtain several aggregated sequences based on the sample entropy of each IMF.Then,an empirical wavelet transform(EWT)was applied to the aggregation sequence with a large sample entropy,and the multiple subsequences obtained from the decomposition were predicted by the GRU model.The GRU model was used to directly predict the aggregation sequences with a small sample entropy.In this study,we used authentic historical pricing data for power transformer materials to validate the proposed approach.The empirical findings demonstrated the efficacy of our method across both datasets,with mean absolute percentage errors(MAPEs)of less than 1%and 3%.This approach holds a significant reference value for future research in the field of power transformer material price prediction.
文摘Empirical mode decomposition (EMD) and BP_AdaBoost neural network are used in this paper to model the oil price. Based on the benefits of these two methods, we predict the oil price by using them. To a certain extent, it effectively improves the accuracy of short-term price forecasting. Forecast results of this model are compared with the results of the ARIMA model, BP neural network and EMD-BP combined model. The experimental result shows that the root mean square error (RMSE), mean absolute error (MAE), mean absolute percentage error (MAPE) and Theil inequality (U) of EMD and BP_AdaBoost model are lower than other models, and the combined model has better prediction accuracy.
文摘● Power tariffreform has made many important and substantialprogresses in respect ofmarketization● The benchmark tariff is a revolutionary progress made in China's power tariff reform● Coal-electricity price linkage is a transitional approach which needs further improvement● The principle of T&D pricing is "cost plus profit," but it can also be based on pro rata control● China's electricity market should choose the mode of bilateral contracting combined withcentralized market● The direction of the power tariff reform is that electricity price shall be controlled mainly by the re-lationship between supply and demand in the
文摘Right after the spring festival,six batches of experts were appointed by China National Textile and Apparel Council respectively to conduct field- depth investigations in terms of textile trades and operations throughout the country.Indeed,the energy shortage this year,coupled with anti-dumping, appreciation of the renminbi,rising labor cost,raw materials prices as well as policy adjustments on export tax rebate and textile factories are posing harsher pressures on the whole industry,especially the export-oriented enterprises or the ones with OEM as their main product mode,so the price of things "made in China" are less competitive in international market, however,every way out comes from the forge of hard and bitter struggle, and at present,more and more enterprises realize that they have to get rid of low-level production,update their capability to enhance value of product and seek new spirit sustains, such as innovation to enhance their product
文摘In this paper,the author first summarizes China’s price operation situation and characteristics since the 1990s,and thenanalyzes inflation shaping factors and types.Based on that,the author raises six inflation early-warning indexes andfully dissects influencing factors of the overall price trend and inflation risks during the 12th Five-year Plan period.Afterthat,the author explains some aspects of price fluctuation that warrants attention during the 12th Five-year Plan period.Finally,the author puts forward policies and suggestions for stabilizing the overall price during the transformation of theeconomic development mode based on our actual situation.
基金supported by the Sichuan Science and Technology Program under Grant 2020JDJQ0037 and 2020YFG0312.
文摘Electricity prices have complex features,such as high frequency,multiple seasonality,and nonlinearity.These factors will make the prediction of electricity prices difficult.However,accurate electricity price prediction is important for energy producers and consumers to develop bidding strategies.To improve the accuracy of prediction by using each algorithms’advantages,this paper proposes a hybrid model that uses the Empirical Mode Decomposition(EMD),Autoregressive Integrated Moving Average(ARIMA),and Temporal Convolutional Network(TCN).EMD is used to decompose the electricity prices into low and high frequency components.Low frequency components are forecasted by the ARIMA model and the high frequency series are predicted by the TCN model.Experimental results using the realistic electricity price data from Pennsylvania-New Jersey-Maryland(PJM)electricity markets show that the proposed method has a higher prediction accuracy than other single methods and hybrid methods.