This book provides a framework for analyzing and forecasting a variety of mineral and energy markets and related industries. Such modeling activity has been at the forefront of the economic and engineering professions for some time, having received a major stimulus fC?llowing the first oil price shock in 1973. Since that time, other shocks have affected these markets and industries, causing disequilibrium economic adjustments which are difficult to analyze and to predict. Moreover, geopolitics remains an important factor which can destabilize crude oil markets and associated refining industries. Mineral and energy modeling, consequently, has become a major interest of energy-related corporations, mining and drilling companies, metal manufacturers, public utilities, investment banks,. national government agencies and international organizations. This book hopes to advance mineral and energy modeling as follows: (1) The modeling process is presented sequentially by leading the model builder from model specification, estimation, simulation, and validation to practical model applications, including explaining history, analyzing policy, and market and price forecasting; (2) New developments in modeling approaches are presented which encompass econometric market and industry models, spatial equilibrium and programming models, optimal resource depletion models, input-output models, economic sector models, and macro oriented energy interaction models (including computable general equilibrium); (3) The verification and application of the models is considered not only individually but also in relation to the performance of alternative modeling approaches; and (4) The modeling framework includes a perspective on new directions, so that the present model building advice will extend into the future.

A Simple Model of Electric Power Network . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 Power flow equations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 Social welfare action . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 A Market Mechanism . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 An efficient trading rule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 Competitive equilibrium and social optimum . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 A Dynamic Trading Process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 An Illustrative Example . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 Alternative Implementation Plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59 Conclusions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59 Appendix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 References . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 Endnotes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 Chapter 5: The Berlin Mandate: The Design ofCost-Effictive Mitigation Strategies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68 The Models . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69 Future Emissions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 The Costs of Alternative Commitments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73 Some Final Comments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 Endnotes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 82 Chapter 6: Some Implications of Improved CO] Emissions Control Technology in The Context of Global Climate Change . . . . . . . . . . . . . . . . . . . . 85 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 The CET A-R Model . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86 Economic system . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86 Climate system . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87 Uncertain losses from temperature rise . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87 Technology Assumptions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88 Implications of Loss Probability and Technology Assumptions . . . . . . . . . . . . . . . . . . . 89 Improved Technology and the Value of Infonnation About Damage . . . . . . . . . . . 94 Value of Information about Technology and Benefits of Improved Technology . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 Sununary and Conclusions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97 References . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97 Endnotes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98 Chapter 7: Determining an Optimal Afforestation Policy: A Cost-Benefit Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99 Introduction - Motivation and afforestation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99 Afforesting and halting deforestation: domestic verses global solutions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . l 01 Research Objectives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . l 02 Integrated assessment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102 Time horizon and discounting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 103 Carbon sequestration time path . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . l 03 vi Interactions with other markets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 104 Structural Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . l 04 Traditional timberland module . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106 Afforestation module . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106 Timber market module . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . l 08 Sequestration calculations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 109 bjective function . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 109 Regionalization and Model Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 Southern submodel data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 111 Pacific submodel data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

The Economic and Business Consequences of the EMU A Challenge for Governments, Financial Institutions and Firms Hubert Ooghe Conference Chairman, Vlerick Leuven Gent Management School alld Ghent University EMU finally got under way on 1 st January 1999. Since then 11 European countries share a common currency, the Euro, and pursue a common monetary policy managed by the European Central Bank (ECB). After forty years of economic integration, Euroland has the wherewithal with which to enter the 21 st century. However monetary union has implications for nearly all areas of economic activity and decision-making. Throughout the academic world researchers are fully occupied with the theoretical analysis of the impact of the Euro and the effects of incorporating the new operational framework into their economic models. Businesses and government departments are concerned primarily with the practical implementation of the single currency. For all those who playa part in the economy, it is a question of making the most of the macro and micro economic opportunities offered by the Euro and minimising any threats. On 17th and 18th March 2000, after the EMU and Euro were in operation for one year, an international conference was held in Ghent (Belgium) on the economic consequences of the introduction of the EMU and the Euro for governments, financial institutions and firms.

John W. Maxwell and Jiirgen von Hagen Kelley School of Business, Indiana University; ZEI, University of Bonn, Indiana University, and CEPR Prior to the 1970's, economic studies of the natural environment were chiefly concerned with the optimal extraction of natural resources such as oil, coal, and timber. This focus reflected the commonly held belief that the natural environmental was sufficient to sustain the world's population in relative comfort (at least in developed nations) and was "there for the taking." By the late 1960's, however, the spectacular levels of economic growth that had taken place since the Second World War began to exact a visible toll on the natural environment. This visibility prompted growing concern for the environment among activists, government officials, academics and the pUblic. This concern has followed a general upward, though cyclic, trend to the present day. Remarkable events during this trend include the issuing of the Brundtland report, and the world environmental summits help in Rio and Kyoto. Concern for the natural environment has impacted the discipline of economics, resulting in the birth of the field of environmental economics that has recently eclipsed in popularity its parent field of natural resource economics.

One of the first books to analyze business and financial aspects of sustainable transport and fuels systems and provides novel insights for researchers, managers, and politicians who work in energy and sustainability related areas.

This concise survey describes the requirements on materials operating in high-temperature environments and the processes that increase the temperature capability of metals, ceramics, and composites. The major part deals with the applicable materials and their specific properties, with one entire chapter devoted to coatings. Written for engineering and science students, researchers, and managers in industry.

Markets, Pricing, and Deregulation of Utilities examines the effects of deregulation on the energy and telecommunications industries in an economic environment that has changed dramatically since deregulation was first introduced in those industries several years ago. The contributors to this book discuss the aspects of deregulation that appear to be succeeding and those that seem to be failing. Within that framework, they offer insight as to the possible next stages of regulatory restructuring and reform. The contents of this book provide a strong theoretical base leading to a better understanding of markets, pricing, and deregulation by utility managers, regulators, and economists.

This book is a collection of chapters concerning the use of biomass for the sustainable production of energy and chemicals-an important goal that will help decrease the production of greenhouse gases to help mitigate global warming, provide energy security in the face of dwindling petroleum reserves, improve balance of payment problems and spur local economic development. Clearly there are ways to save energy that need to be encouraged more. These include more use of energy sources such as, among others, manure in anaerobic digesters, waste wood in forests as fuel or feedstock for cellulosic ethanol, and conservation reserve program (CRP) land crops that are presently unused in the US. The use of biofuels is not new; Rudolf Diesel used peanut oil as fuel in the ?rst engines he developed (Chap. 8), and ethanol was used in the early 1900s in the US as automobile fuel [Songstad et al. (2009) Historical perspective of biofuels: learning from the past to rediscover the future. In Vitro Cell Dev Biol Plant 45:189-192). Brazil now produces enough sugar cane ethanol to make up about 50% of its transportation fuel needs (Chap. 4). The next big thing will be cellulosic ethanol. At present, there is also the use of Miscanthus x giganteous as fuel for power plants in the UK (Chap. 2), bagasse (sugar cane waste) to power sugar cane mills (Chap. 4), and waste wood and sawdust to power sawmills (Chap. 7).

This is awide-ranging and persuasive book written by an undisputed expert. Beginning with a broad history of the Universe, Earth, Life, and Man, it considers the origins and rise of science and technology, before moving on to discuss the present state of the world and its/our possible futures." Humans on Earth" then addresses the main challenges for social and economic development in the 21st century in the context of global change. It presents a detailed but non-technical analysis of questions relating to climate change, our dependence on fossil fuels, deforestation, loss of biodiversity, desertification, and air, water, soil, and ocean pollution, as well as problems related to overpopulation, poverty, social and economic inequalities, and conflict potential. The three main, but largely mutually exclusive, discourses on human development and the environment are described and discussed. The main emphasis is on the risks and uncertainties of the short-term future the next 50 to 100 years with regard to environmental degradation and the sustainability of our growth paradigm.

..". a sweeping, thoughtful view of the role of humans in shaping our modern world."
Paul Epstein, Center for Health and the Global Environment, Harvard Medical School"

Adiabatic logic is a potential successor for static CMOS circuit design when it comes to ultra-low-power energy consumption. Future development like the evolutionary shrinking of the minimum feature size as well as revolutionary novel transistor concepts will change the gate level savings gained by adiabatic logic. In addition, the impact of worsening degradation effects has to be considered in the design of adiabatic circuits. The impact of the technology trends on the figures of merit of adiabatic logic, energy saving potential and optimum operating frequency, are investigated, as well as degradation related issues. Adiabatic logic benefits from future devices, is not susceptible to Hot Carrier Injection, and shows less impact of Bias Temperature Instability than static CMOS circuits. Major interest also lies on the efficient generation of the applied power-clock signal. This oscillating power supply can be used to save energy in short idle times by disconnecting circuits. An efficient way to generate the power-clock is by means of the synchronous 2N2P LC oscillator, which is also robust with respect to pattern-induced capacitive variations. An easy to implement but powerful power-clock gating supplement is proposed by gating the synchronization signals. Diverse implementations to shut down the system are presented and rated for their applicability and other aspects like energy reduction capability and data retention. Advantageous usage of adiabatic logic requires compact and efficient arithmetic structures. A broad variety of adder structures and a Coordinate Rotation Digital Computer are compared and rated according to energy consumption and area usage, and the resulting energy saving potential against static CMOS proves the ultra-low-power capability of adiabatic logic. In the end, a new circuit topology has to compete with static CMOS also in productivity. On a 130nm test chip, a large scale test vehicle containing an FIR filter was implemented in adiabatic logic, utilizing a standard, library-based design flow, fabricated, measured and compared to simulations of a static CMOS counterpart, with measured saving factors compliant to the values gained by simulation. This leads to the conclusion that adiabatic logic is ready for productive design due to compatibility not only to CMOS technology, but also to electronic design automation (EDA) tools developed for static CMOS system design.

The series Advances in Industrial Control aims to report and encourage technology transfer in control engineering. The rapid development of control technology impacts all areas of the control discipline. New theory, new controllers, actuators, sensors, new industrial processes, computer methods, new applications, new philosophies ... , new challenges. Much of this development work resides in industrial reports, feasibility study papers and the reports of advanced collaborative projects. The series offers an opportunity for researchers to present an extended exposition of such new work in all aspects of industrial control for wider and rapid dissemination. In Europe, and soon in the United States, power system deregulation is becoming widespread. This involves the privatisation of former public power utilities and the creation of power markets. The United Kingdom has recently undergone this transformation and the countries of the European Union are being encouraged to follow this deregulation policy. This volume Advanced Load Dispatch for Power Systems and its companion volume Control of Modem Integrated Power Systems both by Professor E. Mariani and Professor S.S. Murthy are therefore very timely additions to the power system literature and to the Advances in Industrial Control series.

This book discusses the history of thermal heat generators and focuses on the potential for these processes using micro-electrical mechanical systems (MEMS) technology for this application. The main focus is on the capture of waste thermal energy for example from industrial processes, transport systems or the human body to generate useable electrical power. A wide range of technologies is discussed, including external combustion heat cycles at MEMS ( Brayton, Stirling and Rankine), Thermoacoustic, Shape Memory Alloys (SMAs), Multiferroics, Thermionics, Pyroelectric, Seebeck, Alkali Metal Thermal, Hydride Heat Engine, Johnson Thermo Electrochemical Converters, and the Johnson Electric Heat Pipe.

Minimizing Energy Consumption, Energy Poverty and Global and Local Climate Change in the Built Environment: Innovating to Zero analyzes three major issues of the built environment, including the political, economic and technical contexts, the impacts of global and local climate change, and the technical and social characteristics of energy poverty. In addition, the book addresses the causes and reasons for the magnitude and characteristics of the built environment's energy consumption. Users will find a fresh view of energy consumption in the built environment, especially in relation to energy poverty and climate change from the ZERO energy world perspective.

Margot P. C. Weijnen, Zofia Lukszo and Geert Deconinck Abstract The infrastructures for electric power and information and telecommunication services are critical enablers for all economic activity. Both of these infrastructure systems evolved over time as networks-of-networks in an institutionally fr- mented landscape. In understanding and steering the emergent behaviour of these infrastructure systems both their physical network complexity and their social n- work complexity pose a formidable challenge. On top of the socio-technical c- plexity of the electricity infrastructure and the information and telecommunication infrastructure as such, the two infrastructure systems show unprecedented mutual interdependency. Unravelling this multi-level interdependency and identifying strategies to curb the new risks and vulnerabilities it implies for the reliability of electric power services is the goal of this book. It clearly shows that technical so- tions alone will not suffice to ensure the future reliability and security of electricity infrastructure operations. Keywords Cybersecurity * infrastructure vulnerability * infrastructure depend- cies * power systems 1. 1 Infrastructures Are Critical Infrastructures are the backbone of the economy and society. Especially the network bound infrastructures operated by public utilities and network industries provide essential services that are enabling for almost every economic and social activity. M. P. C. Weijnen (*) and Z. Lukszo Technology Policy and Management, Delft University of Technology, P. O. Box 5015, 2600 GA Delft, The Netherlands e-mail: M. P. C. Weijnen@tudelft. nl; Z. Lukszo@tudelft. nl G. Deconinck K. U.

Thermodiffusion in Multicomponent Mixtures presents the computational approaches that are employed in the study of thermodiffusion in various types of mixtures, namely, hydrocarbons, polymers, water-alcohol, molten metals, and so forth. We present a detailed formalism of these methods that are based on non-equilibrium thermodynamics or algebraic correlations or principles of the artificial neural network. The book will serve as single complete reference to understand the theoretical derivations of thermodiffusion models and its application to different types of multi-component mixtures. An exhaustive discussion of these is used to give a complete perspective of the principles and the key factors that govern the thermodiffusion process.

Nataliya Esakova performs an analysis of the interdependencies and the nature of cooperation between energy producing, consuming and transit countries focusing on the gas sector. For the analysis the theoretical framework of the interdependence theory by Robert O. Keohane and Joseph S. Nye and the international regime theory are applied to the recent developments within the gas relationship between the European Union and Russia in the last decade. The objective of the analysis is to determine, whether a fundamental regime change in terms of international regime theory is taking place, and, if so, which regime change explanation model in terms of interdependence theory is likely to apply.

This book contains selected papers prepared for the NATO Advanced Study Institute on "Unsteady Combustion", which was held in Praia da Granja, Portugal, 6-17 September 1993. Approximately 100 delegates from 14 countries attended. The Institute was the most recent in a series beginning with "Instrumentation for Combustion and Flow in Engines", held in Vimeiro, Portugal 1987 and followed by "Combusting Flow Diagnostics" conducted in Montechoro, Portugal in 1990. Together, these three Institutes have covered a wide range of experimental and theoretical topics arising in the research and development of combustion systems with particular emphasis on gas-turbine combustors and internal combustion engines. The emphasis has evolved roughly from instrumentation and experimental techniques to the mixture of experiment, theory and computational work covered in the present volume. As the title of this book implies, the chief aim of this Institute was to provide a broad sampling of problems arising with time-dependent behaviour in combustors. In fact, of course, that intention encompasses practically all possibilities, for "steady" combustion hardly exists if one looks sufficiently closely at the processes in a combustion chamber. The point really is that, apart from the excellent paper by Bahr (Chapter 10) discussing the technology of combustors for aircraft gas turbines, little attention is directed to matters of steady performance. The volume is divided into three parts devoted to the subjects of combustion-induced oscillations; combustion in internal combustion engines; and experimental techniques and modelling.

The Telecommunications Act of 1996 envisioned a competitive free-for-all in the U.S. telecommunications industry with removal of barriers to entry in local telecommunications markets and the lifting of the artificial restrictions that kept the Regional Bell Operating Companies (RBOCs) out of the interLATA long-distance market. After close to 5 years, only one RBOC has been granted permission (controversially) to enter the interLATA market, and local competition has yet to provide most consumers with meaningful choices. In addition, the wave of mergers across the industry has raised the specter of putting the former Bell System back together again. Policymakers now openly question whether the Act can deliver what it promised. Three principal themes are developed in this book. First, there has been a coordination failure between Congress and the FCC in translating the principles embodied in the Act into practice. The authors provide evidence for this by analyzing stock market reactions to legislative and regulatory actions. This coordination failure was largely predictable, given the ambiguity in the Act, as well as conflicting jurisdictions between the FCC and the states. Second, the Act calls for wholesale prices to be `based on cost.' Regulators adopted a costing standard (TELRIC) that provides a means to subsidize competitive entry in local telephone service markets. The ready adoption of the TELRIC standard by regulators is shown to be tied to the third theme: price cap regulation provides regulators with `insurance' against the adverse effects of competition in local telephone markets. Statistical analysis reveals that regulators in price cap states set uniformly lower unbundled network element prices (lower barriers to entry) in comparison with regulators in rate-of-return and earnings sharing states. The result is a triumph of regulatory processes over market processes - the antithesis of the purpose of the Act.

Mineral deposits are non-renewable; they do not grow in the ground. Sustainable use of finite mineral wealth requires that revenues from mineral extraction be invested in renewable wealth, education and infrastructure, machines and other production equipment, or in financial assets. Different countries, states and provinces have done so with a varying degree of success. Investing for Sustainability: The Management of Mineral Wealth highlights mineral rents investment funds in Norway, Alaska and Alberta, all of which derive considerable revenues from the production of petroleum bound to diminish over time. The book examines the institutional and political framework in which these funds are embedded and how successfully they have been used for making non-renewable petroleum wealth permanent. Investing for Sustainability: The Management of Mineral Wealth begins with a discussion of the elusive concept of sustainability. New technology and substitution has made a resource like peat obsolete long before it became exhausted physically. Jevons' famous book "The Coal Question" is discussed at some length as a case of unwarranted concern about the depletion of resources. The book also highlights other cases which strike a less happy note. Nauru, one of the smallest sovereign states in the world, has for decades lived off phosphate resources that are now running out. Nauru attempted to make its phosphate wealth permanent through investment funds but failed. Despite its success with its Permanent Fund, less of the oil wealth of Alaska has been made permanent than would appear warranted, and the same is true of Alberta and Norway. Judging from the experiences of the three funds, and the current political debate in Norway, Investing for Sustainability: The Management of Mineral Wealth suggests that it is essential that the citizenry at large benefit directly from mineral rents investment funds if they are to succeed.

Progressive reductions in vehicle emission requirements have forced the automotive industry to invest in research and development of alternative control strategies. Continual control action exerted by a dedicated electronic control unit ensures that best performance in terms of pollutant emissions and power density is married with driveability and diagnostics. Gasoline direct injection (GDI) engine technology is a way to attain these goals. This brief describes the functioning of a GDI engine equipped with a common rail (CR) system, and the devices necessary to run test-bench experiments in detail. The text should prove instructive to researchers in engine control and students are recommended to this brief as their first approach to this technology. Later chapters of the brief relate an innovative strategy designed to assist with the engine management system; injection pressure regulation for fuel pressure stabilization in the CR fuel line is proposed and validated by experiment. The resulting control scheme is composed of a feedback integral action and a static model-based feed-forward action, the gains of which are scheduled as a function of fundamental plant parameters. The tuning of closed-loop performance is supported by an analysis of the phase-margin and the sensitivity function. Experimental results confirm the effectiveness of the control algorithm in regulating the mean-value rail pressure independently from engine working conditions (engine speed and time of injection) with limited design effort.

Owing to efforts and legislative action - initiated above all by the government of the United States - to use cleaner fuels and thus make a contribution towards a better environment, public attention is back again on using methanol in carbu rettor and diesel engines. Most prominent among the raw materials from which methanol can be produced is coal, whose deposits and resources are many times larger than those of liquid and gaseous hydrocarbons. This book deals with the production of methanol from coal. It describes both the individual steps that are required for this process and the essential ancillary units and offsites associated with the process itself . . It is not meant to inform the reader about the intricate details of the processes, which can much better be taken from the specialized literature that deals exclusively and in detail with them or from the well-known standard engineering books. Rather, this book is to give the reader an impression how manifold a field this is, how many process variations and combinations the designer of such plants has to consider in order to arrive at an optimum design in each particular case. Apart from the production of chemical-grade methanol, the book deals briefly also with fuel methanol production, i. e. with the production of alcohol mixes. One of the many possible routes from coal to methanol is illustrated by a process flow diagram, and a material and energy balance is compiled for this typical example."

An analysis and exploration into the impact of Japan's 2011 nuclear crisis. Investigation of the disaster will pose questions regarding why Daiichi was constructed in an earthquake-prone zone and was still operating despite problems that had been plaguing the reactors since 1989 such as cracks in infrastructure and leaks in radioactivity.

For old and new studies in decision making and risk analysis, this book should stand at tlle watershed. Studies of conflict resolution and public policy will surely now have to take account of the model investigation provided by the IIASA team, and many things will not be the same again. This is a report of inquiries into the siting of liquefied energy gas (LEG) facilities in the Federal Republic of Germany, the Netherlands, the United Kingdom, and the United States. The risks of transporting this highly combustible stuff, and the economic benefits of being able to bring a natural energy source from one side of the globe to the other, holding it, and piping it out as needed, make LEG a model case for studying the public response to dangerous technology. The dangers of LEG are differ ent from those of nuclear power, for instance, where the response too often becomes entangled with the fear of nuclear war. The dangers of LEG include unco trollable explosions, rather than insidious contami nation. But the degree of dangerousness is very much of the same order as that of nuclear power, and is at least as difficult to assess. In four different countries the constitutional procedures involved in obtaining approval of nuclear or LEG facilities are on record. The four case histories here are a model for comparative study of conflict resolu tion. The period over which the negotiations developed is much the same."

Software Diversity is one of the fault-tolerance means to achieve dependable systems. In this volume, some experimental systems as well as real-life applications of software diversity are presented. The history, the current state-of-the-art and future perspectives are given. Although this technique is used quite successfully in industrial applications, further research is necessary to solve some open questions. We hope to report on new results and applications in another volume of this series within some years. Acknowledgements The idea of the workshop was put forward by the chairpersons of IFIP WG lOA, J. -c. Laprie, J. F. Meyer and Y. Tohma, in January 1986, and the edi tor of this volume was asked to organize the workshop. This volume was edited with the assistance of the editors of the series, A. AviZienis, H. Kopetz and J. -C. Laprie, who also had the function of reviewers. Karlsruhe, October 1987 U. Voges, Editor Table of Contents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 1. Introduction U. Voges 2. Railway Applications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 ERICSSON Safety System for Railway Control . . . . . . . . . . . . . . . . . . 11 G. Hagelin 3. Nuclear Applications . . . . . . . . . . . . . . . . . . . . . . 23 Use of Diversity in Experimental Reactor Safety Systems . 29 U. Voges The PODS Diversity Experiment . 51 P. G. Bishop 4. Flight Applications . . . . . . . . . . . . . . . . . . . . . . . . . 85 AIRBUS and ATR System Architecture and Specification. . 95 P. Traverse 5. University Research . . . . . . . . . . . . . . . . . . . 105 Tolerating Software Design Faults in a Command and Control System . . . . . . . . . . . . . . . . . . . . . . 109 T. Anderson, P. A. Barrett, D. N. Halliwell, M. R. Moulding DEDIX 87 - A Supervisory System for Design Diversity Experiments at UCLA . . . . . . . . . . . . . . . . . ."

This book lies at the intersection of natural sciences, economics, and water en- neering and is in line with the long tradition of environmental economics at the University of Heidelberg. In the 1970s, the Neo-Austrian Capital Theory was developed using the fundamental laws of thermodynamics as a common language between the natural and social sciences. Niemes (1981) integrated the dynamic and irreversibility characteristics of the natural environment into the Neo-Austrian c- ital theory. Faber et al. (1983, 1987, 1995) then extended this interdisciplinary approach further to create a comprehensive, dynamic, environmental resource model. Over the last 3 decades, the theoretical foundations of environmental economics have been modi ed and there have been an impressive variety of applications. This book aims to reduce the gaps between economic theory, natural sciences, and engineering practice. One of the reasons these gaps exist is because economic assumptions are used to construct dynamic environmental and resource models, which are not consistent with the fundamental laws of the natural sciences. Another reason for the gap might be the distance between academic theory and real world situations. Based on an extended thermodynamic approach, the authors explain which economic assumptions are acceptable for constructing a dynamic model that is consistent with the natural sciences. In particular, the special role of water in the production and reproduction activities will be considered as an integral component.