A valuation of the environmental performance of vehicles: an analysis and comparison of two methodologies

The European Clean Vehicle Directive was introduced in 2009 to create an obligation on public authorities to take into account the impact of energy consumption, carbon dioxide (CO₂) emissions and pollutant emissions into their purchasing decisions for road transport vehicles. This should stimulate the market for clean and energy-efficient vehicles and improve transport's impact on environment, climate change and energy use. Therefore the so-called ‘Operational Lifetime Cost’ of a vehicle is calculated, divided into the cost for energy consumption, CO₂ and pollutant (nitrous oxide, particulate matter, non-methane hydrocarbons) emissions. In Belgium, a different methodology has been developed to calculate the environmental impact of a vehicle, called ‘Ecoscore’, based on a well-to-wheel approach. More pollutants are included compared to the Clean Vehicle methodology, but also indirect emissions are taken into account. In this paper, both methodologies are compared and used to analyze the environmental performance of passenger cars with different fuel types and from different vehicle segments. Similar rankings between both methodologies are obtained; however, the large impact of energy use (and CO₂ emissions) in the Clean Vehicle methodology disadvantages compressed natural gas cars, as well as diesel cars equipped with particulate filters, compared to the Ecoscore methodology.     

Bi-phasic Simulation of Metal Injection Moulding： Constitutive Determinations

IntroductionMetalinjectionmolding (MIM )isexpectedtobeveryefficienttoproducesmalland 3Dcomplicatedpartsinlargeseries .Thistechnologycombinesthewell knownpolymerinjectionmouldingandpowdermetallurgytechnology .AnMIM processincludesfourmainstages[1,2 ] :them…     

Towards improved port capacity investment decisions under uncertainty: a real options approach

ABSTRACT

Port activity plays an important role in facilitating international trade. Sufficient capacity is indispensable for a port to attract flows to a region and retain them. The capacity decision is the result of a trade-off between investment and waiting costs. Traditional methods to value expansion projects do not deal adequately with managerial flexibility in the face of uncertainty from different sources in the complex port environment. In this paper, real options (RO) models are identified as an alternative method to making project valuations and investment decisions, as they attribute the correct value to managerial flexibility under uncertainty. In order to be able to build and use such RO models for port capacity investment decisions, the sources and implications of uncertainty in the port and the different RO model specifications need to be understood. To this end, both the literature about uncertainty in the port context and the literature about real options models are reviewed in order to provide researchers who want to build their own decision-making models, with the necessary knowledge of both fields. The review makes clear that the complex interactions in and competition between the logistics chains and their actors coming together in ports have significant impacts on port capacity. Uncertainty is also caused by uncertain international trade flows and changes in legislation following new technologies and environmental impacts. An analysis of the components of some general RO models shows how the options of flexible output, investment size and timing are valued by RO models in a setting with demand uncertainty. Moreover, the review presents researchers with insights in how to deal with cooperative and competitive interactions in the chain, time to build, cyclical markets and legislation changes. It also shows how to value the expansion and the phased investment options. The new insights resulting from this review are subsequently combined in a framework that serves as a guideline to build RO models for port capacity investments. Finally, an exemplifying application of the framework is used to build an actual port capacity investment decision model.     

氧化铝陶瓷粉末固相烧结过程模拟

用膨胀计测量了氧化铝粉末注射成形的烧结过程中试件的单轴收缩率和收缩速率,基于试验数据,设计了相应的参数标定算法,用于确定烧结模型中的单轴粘度和烧结应力,以氧化铝人工髋关节植体为例,将该模型和参数引入到有限元软件Abaqus中实现数值模拟,以预测试件在烧结过程中的收缩和变形,结果表明,用标定的参数的模拟结果与试验结果基本吻合。     

Two- or three-layered box-models versus fine 3D models for coastal ecological modelling? A comparative study in the English Channel (Western Europe)

The general trend in ecosystem modelling is to improve the spatial resolution by shifting from rough box-models to fine 3D models. Despite the continuous speeding-up of computing, 3D models involving numerous state variables may remain intractable, especially for parameter calibration, when processes with long half-life periods (i.e, from years to decades) are introduced, such as the behaviour of organic matter in sediment and population dynamics of benthic species. In these cases, a first approach can be provided by fast-running box-models, if they take into account the most crucial hydrodynamic properties of the system. In a macrotidal shelf sea such as the English Channel, the long-term horizontal transport can be summarized by the tidal residual circulation, and the vertical stratification can be sketched by a two- or three-layered integral model.This paper compares the results obtained in the English Channel area by the same biogeochemical equations of pelagic primary production, coupled to 1) a two-layered box-model 2) a three-layered box-model (i.e., with an intermediate cline layer between surface and bottom ones) and 3) a fine-gridded 3D model. Comparison is focused firstly on thermal stratification and summer dinoflagellate blooms in the north-western Channel and secondly on the haline stratification and the sequence of blooms obtained in the eutrophicated Seine river plume. Comparison shows that box-models act as low-pass filters which reproduce correctly the weekly mean time-course, but greatly reduce the variance locally observed in a tide-oscillating plume region. As far as global characteristics are concerned, such as the annual primary production, or the percentage of variation in annual production after reducing the nutrient loadings, the box and 3D models gave very similar results. This conclusion reinforces the usefulness of using box-models as a first approach in long-term processes, for which a long transient phase is expected before reaching the annual periodic solution.     

The economics of airport noise: How to manage markets for noise licenses

This paper discusses various issues in the implementation of a local market for aircraft noise licenses to solve the noise externalities harming the residents located near airports. The design of such markets is affected by aircraft heterogeneity, wind contingencies, peak times, runways capacity constraints, hub strategies, and airport planning is discussed.     

Expansion in cargo handling: geographical and functional issues

Intense co-operation as well as severe competition are two characteristics of the current sea-port cargo-handling sector. This paper contributes to remedying the lack of understanding of the effects that such strategies may have on operating conditions in the sector. It analyses the geographical strategies pursued by the major operators up to 2006, as well as the functional directions in which co-operation is sought. It appears that most domestic ventures for the majority of container-handling operators are non-co-operative ones, except for PSA and HPH. Abroad, all of the cargo-handling operators except DPA/CSXWT have more co-operative than non-co-operative ventures. As to nationality of acquired subsidiaries, it is observed that most co-operative ventures have two nationalities involved. In terms of functional direction of operations, the major container-handling companies, except APM Terminals, start up most of their co-operative ventures with non-cargo-handling partners. Furthermore, it can be observed that HPH, APM Terminals, P&O Ports and DPA/CSXWT have started up, acquired or merged with more limited companies in cargo-handling than in non-cargo-handling activities. Most of the non-horizontal partners in cargo-handling ventures appear to be industrial or investment companies. PSA's, Eurogate's and DPA's non-cargo-handling ventures predominantly are in logistics. Combining geography and functional direction graphically shows that the major operators have had very diverging strategies. The two extremes are Eurogate, with a network which is solely focused on Europe, and P&O Ports, covering all continents.     

It's all about economics!

Due to the capital-intensive nature of the modern shipping industry, loan finance plays a major role in vessel-acquisition cost. In this paper, J. B. Yolland discusses government-guaranteed finance, ancillary and commercial new building finance and finance for second-hand tonnage. He also examines a new source of funding found in the Euro-market.     

How to turn an innovative concept into a success? An application to seaport-related innovation

The main objective of this paper is ‘to assess the conditions, including policy support, under which innovative concepts have a high chance of getting adopted and being successful’. The work will start from the state-of-the-art with the following goals targeted. Firstly, to identify the paths that new innovative concepts usually follow, what key determinants are, which actors are involved, and what policy has been doing and can do. As part of this, a typology of variables is established, which will be the basis for the identification of successful adoption paths. Illustrations are provided of the performance of different innovative concepts in the seaport sector. A further goal is to propose policy recommendations, identify best practices, barriers to implementation and transferability of innovative concepts and processes. Finally, the research establishes developments needed in assessment methods and a methodological framework if innovative concepts are introduced.