Life-Cycle Cost Analysis of a Solar Energy Based Hybrid Power System

The importance of life-cycle cost analysis of an integrated solar power system is explained in this paper. To analyze the energy power and cash flow computations, there exist many commercial types of energy audit softwares like Emat, Optimizer, Homer, Energy gauge, Treat and so on. Among the aforementioned audit softwares, homer software is selected since it consists of several built-in options to perform audit studies. Homer software basically utilizes the concept of finding the total net present cost to represent the life-cycle cost of the total system. This software is vividly used for obtaining the optimized energy audit solutions to integrate several equipments embedding into a single workable system

Life-cycle cost analysis task summary

The DSN life cycle cost (LCC) analysis methodology was completed. The LCC analysis methodology goals and objectives are summarized, as well as the issues covered by the methodology, its expected use, and its long range implications

Life cycle analysis of road construction and use

Both the construction and use of roads have a range of environmental impacts; therefore, it is important to assess the sources of their burdens to adopt correct mitigation policies. Life cycle analysis (LCA) is a useful method to obtain demonstrable, accurate and non-misleading information for decision-making experts. The study presents a "cradle to gate with options" LCA of a provincial road during 60 year-service life. Input data derive from the bill of quantity of the project and their impacts have been evaluated according to the European standard EN 15804. The study considers the impacts of the construction and maintenance stages, lighting, and use of the vehicles on the built road. The results obtained from a SimaPro model highlight that the almost half of impacts took place during the construction stage rather than the use stage. Therefore, the adoption of environmentally friendly road planning procedures, the use of low-impact procedures in the production of materials, and the use of secondary raw materials could have the largest potential for reducing environmental impacts

Life Cycle Analysis of the panela agroindustry: Intensification for its development

The research made it possible to identify sensitive environmental factors generated in all the operations carried out in an intensified panela agroindustry for the purposes of diversification, productivity, quality and safety. Results of the Environmental Impact Assessment (EIA), according to the Life Cycle Analysis (LCA) methodology show that in all impact categories, the industrial stage of the production of honey, panela and sugar, cause greater environmental impact, being the two latter the most representative. However, according to the Ecuadorian environmental legislation, the impacts of the panela agroindustry are considered to be moderate and cataloged type II, therefore it does not require intensive corrective practices. However, it requires preventive actions aimed to mitigate impacts, considering that it is a subsector of the sugar cane industry that is present as production units throughout the country, where there are favorable conditions for the cultivation of sugar cane

Lyfe-cycle effects on household expenditures: A latent-variable approach

Using data from the Spanish household budget survey, we investigate life- cycle effects on several product expenditures. A latent-variable model approach is adopted to evaluate the impact of income on expenditures, controlling for the number of members in the family. Two latent factors underlying repeated measures of monetary and non-monetary income are used as explanatory variables in the expenditure regression equations, thus avoiding possible bias associated to the measurement error in income. The proposed methodology also takes care of the case in which product expenditures exhibit a pattern of infrequent purchases. Multiple-group analysis is used to assess the variation of key parameters of the model across various household life-cycle typologies. The analysis discloses significant life-cycle effects on the mean levels of expenditures; it also detects significant life-cycle effects on the way expenditures are affected by income and family size. Asymptotic robust methods are used to account for possible non-normality of the data.Structural equations, multi-group analysis, life cycle effects, product expenditures

A prediction model of the depth-of-discharge effect on the cycle life of a storage cell

Cycle life requirements are very high for batteries used in aerospace applications in low Earth orbit. The data base required to establish confidence in a particular cell design is thus both extensive and expensive. Reliable accelerated cycle life testing and performance decay modeling represent attractive alternatives to real-time tests of cycle life. In light of certain long-term cycle life test results, this paper examines a very simple performance decay model developed earlier. Application of that model to available data demonstrates a rigid relationship between a battery's expected cycle life and the depth of discharge of cycling. Further, modeling analysis of the data suggests that a significantly improved cycle life can be obtained with advanced components, materials, and designs; and that cycle life can be reliably predicted from the results of accelerated testing

Life-Cycle Models and Cross-Country Analysis of Saving

This paper develops a rational expectations life-cycle model designed as a framework for the cross-country analysis of (private) saving decisions. It is shown that a broad range of life-cycle models that have been used in the literature to study aggregate time series on consumption and saving fail to deliver plausible predictions for the purpose of analyzing saving decisions across countries as they imply that the level of saving has a constant mean and that the long-run saving rate may tend to zero. Introducing a utility specification that ties the long-run evolution of consumers' aspired consumption paths to that of aggregate labor income, an analytically tractable life-cycle model is proposed that has plausible long-run properties, including the implication that the net asset-labor income ratio, the saving rate, and the consumption-labor income ratio have meaningful long-run distributions. The moments of the long-run saving rate are shown to depend in a precise way on various characteristics of consumers' preferences, the real rate of interest, the growth rate and volatility of labor income, the government consumption-labor income ratio, and the government debt-labor income ratio. Employing a data set on saving rates and asset holdings across OECD economies and using techniques for the estimation of dynamic heterogeneous panels, the paper will also adduce empirical evidence assessing the model's ability to explain differences in the saving patterns across these economies.

Prices over the Product Life Cycle: An Empirical Analysis

This paper explores the extent to which goods follow systematic pricing patterns over their life cycle. The theoretical literature, and anecdotal evidence, suggests that new products are often introduced at high prices which decline as the good ages while, older goods exit the market at a discount. We outline and apply a smoothing-spline approach to the estimation of life cycle pricing effects using data on two different types of goods; supermarket products (beer, canned soup and cereals) and high-tech goods (desktop and laptop computers, and personal digital assistants). We interpret these results within a simple conceptual framework and find evidence for the existence of significant life cycle pricing effects. This implies that hedonic pricing functions which exclude age are misspecified. Furthermore, in order to eliminate bias price index samples must be constructed carefully. Using a simulation we show that the bias introduced by the traditional match-model method may be non-trivial.Product life cycle; Hedonic regression; Price index; Spline smoothing

The business cycle and the life cycle

The paper documents how cyclical fluctuations in market work vary over the life cycle and then assesses the predictions of a life-cycle version of the growth model for those observations. The analysis yields a simple but striking finding. The main discrepancy between the model and that data lies in the inability of the model to account for fluctuations in hours for individuals in the first half of their life cycle. The predictions for those in the latter half of the life cycle are quite close to the data.Business cycles ; Hours of labor

Evaluation of Researchers: A Life Cycle Analysis of German Academic Economists

In this paper we ague that any meaningful bibliometric evaluation of researchers needs to take into account that research productivity follows distinct life cycles. Using an encompassing data set portraying the research behavior of German academic economists, we first show that research productivity crucially depends on career age and vintage. Based on the identified effects, we develop a simple formula that shows how a researcher’s performance compares to that of his or her peers. This kind of information may serve as an input for performance-related remuneration and track-record based allocation of research grants. We then go on to investigate the persistence of individual productivity. The Persistence issue is of special importance in the academic labor market because of the irrevocable nature of tenure. Finally, we show how life cycle considerations can be used in evaluations of university departments in order to render the resulting rankings insensitive to the age structure of the evaluated faculties.research productivity, performance evaluation, life cycles, rankings