General discussion : central bank communication and policy effectiveness

Greenspan, Alan ; Monetary policy ; Banks and banking, Central

NOC turbulence glider deployment report for the Liverpool Bay Coastal Observatory, June 2011 deployment

A summary of the NOC Liverpool turbulence glider deployment that occurred between Tuesday 28th June and Monday 4th July 2011 is provided in this document. The general objective of the deployment was to hold the glider on station at a nominal GPS location of 53o 48”N, -4o 00”W to provide a series of glider based turbulence probe and CTD data profiles. These profiles were initiated when the glider reached a nominal depth of 40 metres and continued until the glider approached the sea surface. The glider deployment site was selected to be away from the influence of fresh water influx into the Liverpool Bay and in a position that avoids scheduled shipping routes. The recorded glider data was compared with a seabed instrumentation frame that was deployed at the same nominal location. The instrumentation frame had a Seabird CTD and a 5 axis upward measuring ADCP with a vertical turbulence measurement capability installed. During the glider deployment cruise reference water samples and independent CTD measurements were collected for deployed instrumentation and glider sensor calibration purpose

Optimization of armored spherical tanks for storage on the lunar surface

A redundancy strategy for reducing micrometeroid armoring mass is investigated, with application to cryogenic reactant storage for a regenerative fuel cell (RFC) on the lunar surface. In that micrometeoroid environment, the cryogenic fuel must be protected from loss due to tank puncture. The tankage must have a sufficiently high probability of survival over the length of the mission so that the probability of system failure due to tank puncture is low compared to the other mission risk factors. Assuming that a single meteoroid penetration can cause a storage tank to lose its contents, two means are available to raise the probability of surviving micrometeoroid attack to the desired level. One can armor the tanks to a thickness sufficient to reduce probability of penetration of any tank to the desired level or add extra capacity in the form of spare tanks that results in survival of a given number out of the ensemble at the desired level. A combination of these strategies (armoring and redundancy) is investigated. The objective is to find the optimum combination which yields the lowest shielding mass per cubic meter of surviving fuel out of the original ensemble. The investigation found that, for the volumes of fuel associated with multikilowatt class cryo storage RFC's, and the armoring methodology and meteoroid models used, storage should be fragmented into small individual tanks. Larger installations (more fuel) pay less of a shielding penalty than small installations. For the same survival probability over the same time period, larger volumes will require less armoring mass per unit volume protected

Economic Analysis of Supplemental Deductible Coverage as Recommended in the USDA's 2007 Farm Bill Proposal

A primary change to crop insurance contained in the USDA's Farm Bill Proposal is Supplemental Deductible Coverage (SDC). SDC would allow farmers who purchase individual crop insurance coverage to purchase GRP in the amount of the individual policy deductible. GRP indemnities would be accelerated compared with the current GRP policy. Analysis indicates that SDC provides substantial benefits in terms of certainty equivalent gains. The largest benefits are realized by low risk farmers, compared to others in the county, and farmers whose yields are highly correlated with the county yield. Optimal individual policy coverage levels generally decrease when SDC is taken.

Software management tools: Lessons learned from use

Experience in inserting software project planning tools into more than 100 projects producing mission critical software are discussed. The problems the software project manager faces are listed along with methods and tools available to handle them. Experience is reported with the Project Manager's Workstation (PMW) and the SoftCost-R cost estimating package. Finally, the results of a survey, which looked at what could be done in the future to overcome the problems experienced and build a set of truly useful tools, are presented

An innovative approach for energy generation from waves

Sustainable energy generation is becoming increasingly important due to the expected limitations in current energy resources and to reduce pollution. Wave energy generation has seen significant development in recent years. This paper describes an innovative system for generating energy from wave power. A complete description of the system is presented including the general concept, configurations, mechanical design, electrical system, simulation techniques and expected power output of the system. The results from the hydraulic linear wave simulator, using a real wave profiles captured at a location in the UK using an ultrasound system, it was seen that a ±0.8 m wave at 10 s time period, produced a conditioned power output of approximately 22 kW at optimum load conditions for the tested 3-phase 44 kW permanent magnet generator type STK500. The results indicate that this new technology could provide an efficient and low cost method of generating electricity from waves