Technical Note—Optimal Inventory Policy in the Presence of a Long-Term Supplier and a Spot Market

2013 ◽  
Vol 61 (1) ◽  
pp. 88-97 ◽  
Author(s):  
Youhua (Frank) Chen ◽  
Weili Xue ◽  
Jian Yang
2016 ◽  
Vol 13 (13) ◽  
pp. 3915-3930 ◽  
Author(s):  
Tae Kyung Yoon ◽  
Hyojin Jin ◽  
Neung-Hwan Oh ◽  
Ji-Hyung Park

Abstract. High-frequency continuous measurements of the partial pressure of CO2 (pCO2) are crucial for constraining the spatiotemporal dynamics of CO2 emissions from inland water systems. However, direct measurements of pCO2 are scarce, and no systematic comparisons have been conducted on the suitability of the widely used measurement systems for continuous underway or long-term deployment in various field conditions. We compared spray- and marble-type equilibrators and a membrane-enclosed CO2 sensor to assess their suitability for continuous long-term or underway pCO2 measurements in an urbanized river system in Korea. Both equilibrators had a shorter response time compared with the membrane-enclosed sensor, and could capture large spatial variations of pCO2 during a transect study along a highly urbanized river reach. The membrane-enclosed sensor based on passive equilibration provided comparable underway measurements along the river sections where pCO2 varied within the sensor detection range. When deployed in a eutrophic river site, the membrane-enclosed sensor was able to detect large diel variations in pCO2. However, biofouling on the membrane could reduce the accuracy of the measurement during long deployments exceeding several days. The overall results suggest that the fast response of the equilibrator systems facilitates capturing large spatial variations in pCO2 during short underway measurements. However, the attendant technical challenges of these systems, such as clogging and desiccant maintenance, have to be addressed carefully to enable their long-term deployment. The membrane-enclosed sensor would be suitable as an alternative tool for long-term continuous measurements if membrane biofouling could be overcome by appropriate antifouling measures such as copper mesh coverings.


Omega ◽  
2015 ◽  
Vol 52 ◽  
pp. 42-52 ◽  
Author(s):  
Jinpeng Xu ◽  
Gengzhong Feng ◽  
Wei Jiang ◽  
Shouyang Wang
Keyword(s):  

2018 ◽  
Author(s):  
Arno Hartmann ◽  
Marc Luetscher ◽  
Ralf Wachter ◽  
Philipp Holz ◽  
Elisabeth Eiche ◽  
...  

Abstract. Automated water sampling devices adapted to field operation have proven highly useful for environmental research as well as in the public and private sector, where natural or artificial waters need to be tested regularly for compliance with environmental and health regulations. Such autosamplers are already available on the market in slightly differing versions, but none of these devices are capable of sealing the collected samples to prevent sample alteration by contamination, evaporation or gas exchange. In many sampling cases, however, this feature is essential, for instance for studying the hydrological cycle based on isotopes in rainwater, or for monitoring waters contaminated with toxic gases or other volatile compounds detrimental to biota and human health. Therefore, we have developed a new mobile autosampler, which injects water samples directly into airtight vials, thus preventing any sample alteration. Further advantages include low production costs, compact dimensions and low weight allowing for easy transport, a wide range of selectable sampling intervals as well as a low power consumption, which make it suitable for long-term applications even in remote areas and harsh (outdoor) conditions due to its heavy-duty water-proof casing. In this paper, we demonstrate (1) the sampler's mechanical functioning, (2) the long-term stability of the collected samples with regard to evaporation and gas exchange and (3) the potential of our device in a wide variety of applications drawing on laboratory and field experiments in different karst caves, which represent one of the most challenging sampling environments.


2021 ◽  
Author(s):  
Raphaëlle Ortiz ◽  
Anamaría Núñez ◽  
Corinne Cathala ◽  
Ana R. Rios ◽  
Mauro Nalesso

This technical note is an update to the previous "Water in the Time of Drought: Lessons from Five Droughts Around the World", published in 2018. It explores drought situations and policies in Spain (including the Canary Islands), Chile, Mexico, the dry corridor between Honduras, Guatemala, and El Salvador, Brazil, and South Africa. Each of these countries has recently dealt with droughts and/or developed long-term solutions to manage them. HydroBID, a tool developed by the IDB, will be presented through relevant case studies. After defining drought experiences and institutional frameworks in each country, the brief will explore the successes and challenges of national drought and water management policies. Best practices and lessons learned will be extracted from each case study to help policymakers better prepare for droughts.


2021 ◽  
Vol 61 (2) ◽  
pp. 412
Author(s):  
Sindre Knutsson

Increasing spreads between spot liquefied natural gas (LNG) and oil-indexed contracts have resulted in the world’s top three LNG buyers paying a cost premium of $33 billion in 2019 and 23 billion in 2020. The top three buyers are Japan, China and South Korea, which had a combined 151Mt of long-term LNG contracts indexed to oil in 2020. This cost premium shows what top Asian buyers are currently paying for the security of LNG supply through long-term oil-indexed contracts. However, it also shows the potential reward Asian buyers have if they manage to develop a liquid LNG pricing hub in Asia to which they can index their contracts. Japanese buyers’ efforts of increasing flexibility in contracts, both through take-or-pay agreements and destination flexibility and aims of growing the spot market, will increasingly support the liquidity of the LNG market. However, there will be resistance from the other side of the table, for where someone is paying a premium, or making a loss, someone is making money. 2020 was another year of plenty for LNG producers selling oil-indexed volumes to Asian markets. Australia is the largest seller of LNG to Japan, China and South Korea with over 60Mt of long-term LNG contracts indexed to oil in 2020. Australia has benefited from having their contracts indexed to oil, but what’s next? In this paper, Rystad Energy will discuss the future market for Australian LNG exports including development in LNG demand, contract trends and price spreads.


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