A framework for cost-benefit assessment of alternative sediment management strategies in Dez hydropower reservoir: A probabilistic approach

2019 ◽  
Vol 14 (4) ◽  
pp. 783-801
Author(s):  
Hamid Khakzad
Keyword(s):  
Cash Flow ◽  
Management Strategies ◽  
Probabilistic Approach ◽  
Cost Benefit ◽  
Cash Flows ◽  
Sediment Management ◽  
Economic Feasibility ◽  
Discounted Cash Flow ◽  
The Cost ◽  
Hydropower Reservoir

Abstract A new theoretical approach to assessing the economic feasibility of sediment management strategies is proposed by incorporating probability distribution directly into the analysis. This would allow the life of Dez hydropower, for instance, to be prolonged definitely. The discount rate is also examined as a fundamental means of reflecting risk in discounted cash flow evaluations. Eight options for sediment management in Dez reservoir are assessed and future reservoir storage volumes estimated for the period 2018 to 2068. As a second step, discounted cash flow (DCF) with gamma discounting rate is used to evaluate present values for future cash flows for each option. The results indicate that these models, which offer an efficient approach, can be used to assess the cost-benefit feasibility of sediment management strategies. Guidelines are given for applying this approach to other projects.

scholarly journals Financial optimisation of the scheduling for the multi-stage project

2017 ◽  
Vol 65 (6) ◽  
pp. 899-908
Author(s):  
M. Klimek ◽  
P. Łebkowski
Keyword(s):  
Simulated Annealing ◽  
Cash Flow ◽  
Project Scheduling ◽  
Simulated Annealing Algorithm ◽  
Cash Flows ◽  
Standard Test ◽  
Resource Constrained ◽  
Discounted Cash Flow ◽  
Multi Stage ◽  
Annealing Algorithm

AbstractThe paper analyses the problem of discounted cash flow maximising for the resource-constrained project scheduling from the project contractor’s perspective. Financial optimisation for the multi-stage project is considered. Cash outflows are the contactor’s expenses related to activity execution. Cash inflows are the client’s payments for the completed milestones. To solve the problem, the procedure of backward scheduling taking into account contractual milestones is proposed. The effectiveness of this procedure, as used to generate solutions for the simulated annealing algorithm, is verified with use of standard test instances with additionally defined cash flows and contractual milestones.

Dead Hand Proxy Puts and Hedge Fund Activism

2018 ◽  
Vol 54 (4) ◽  
pp. 1615-1642
Author(s):  
Sean J. Griffith ◽  
Natalia Reisel
Keyword(s):  
Cash Flow ◽  
Hedge Fund ◽  
Cost Benefit ◽  
Free Cash Flow ◽  
Cross Sectional ◽  
Flow Problems ◽  
Banking Relationships ◽  
Hedge Fund Activism ◽  
The Cost ◽  
Sectional Analysis

We investigate the Dead Hand Proxy Put, a contractual innovation in corporate debt agreements that may impact hedge fund activism. We find the provision principally in loans, not bonds, and provide evidence linking the adoption of the provision to hedge fund activism. Furthermore, controlling for endogeneity, we find that the provision significantly reduces the cost of loans. Bondholder wealth also increases. Moreover, cross-sectional analysis of share returns reveals that the provision is positively associated with repeat banking relationships and negatively associated with free cash flow problems, suggesting a cost-benefit tradeoff.

scholarly journals Life Cycle Cost of Solar Biomass Hybrid Dryer Systems for Cashew Drying of Nuts in India

2015 ◽  
Vol 15 (1) ◽  
pp. 22-33 ◽  
Author(s):  
Saravanan Dhanushkodi ◽  
Vincent H. Wilson ◽  
Kumarasamy Sudhakar
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Life Cycle Cost ◽  
Renewable Energy Sources ◽  
Cost Benefit ◽  
High Energy ◽  
Economic Feasibility ◽  
Small Scale ◽  
Cashew Nut ◽  
The Cost

Abstract Cashew nut farming in India is mostly carried out in small and marginal holdings. Energy consumption in the small scale cashew nut processing industry is very high and is mainly due to the high energy consumption of the drying process. The drying operation provides a lot of scope for energy saving and substitutions of other renewable energy sources. Renewable energy-based drying systems with loading capacity of 40 kg were proposed for application in small scale cashew nut processing industries. The main objective of this work is to perform economic feasibility of substituting solar, biomass and hybrid dryer in place of conventional steam drying for cashew drying. Four economic indicators were used to assess the feasibility of three renewable based drying technologies. The payback time was 1.58 yr. for solar, 1.32 for biomass and 1.99 for the hybrid drying system, whereas as the cost-benefit estimates were 5.23 for solar, 4.15 for biomass and 3.32 for the hybrid system. It was found that it is of paramount importance to develop solar biomass hybrid dryer for small scale processing industries.

scholarly journals Economic Feasibility of Iodine Agronomic Biofortification: A Projective Analysis with Ugandan Vegetable Farmers

2021 ◽  
Vol 13 (19) ◽  
pp. 10608
Author(s):  
Solomon Olum ◽  
Xavier Gellynck ◽  
Joshua Wesana ◽  
Walter Odongo ◽  
Nathaline Onek Aparo ◽  
...  
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Economic Feasibility ◽  
Benefit Analysis ◽  
Production Practice ◽  
Vulnerable Consumers ◽  
The Cost ◽  
Benefit Cost ◽  
Managerial Capabilities ◽  
Agronomic Biofortification

Cost–benefit analysis of (iodine) biofortification at farm level is limited in the literature. This study aimed to analyze the economic feasibility of applying iodine-rich fertilizers (agronomic biofortification) to cabbage and cowpea in Northern Uganda. Data on costs and revenues were obtained from a survey of 100 farmers, and benefits that would accrue from using iodine fertilizers were elicited using consumers’ willingness to pay (WTP) for the iodine-biofortified vegetables. The cost–benefit analysis demonstrated iodine agronomic biofortification as a highly profitable effort, generating average benefit–cost ratios (BCRs) of 3.13 and 5.69 for cabbage and cowpea production, respectively, higher than the conventional production practice. However, the projective analysis showed substantive variations of economic gains from iodine biofortification among farmers, possibly due to differences in farming practices and managerial capabilities. For instance, only 74% of cabbage farmers would produce at a BCR above 1 if they were to apply iodine fertilizer. Furthermore, a sensitivity analysis to estimate the effect of subsidizing the cost of iodine fertilizer showed that a higher proportion of farmers would benefit from iodine biofortification. Therefore, as biofortification is considered a health policy intervention targeting the poor and vulnerable, farmers could be supported through fertilizer subsidies to lower the production cost of iodine-biofortified foods and to avoid passing on the price burden to vulnerable consumers.

scholarly journals ESTUDO DE VIABILIDADE ECONÔMICO-FINANCEIRA DA RECICLAGEM DE CONSTITUINTES DE RESÍDUOS DE CONSTRUÇÃO E DEMOLIÇÃO

2020 ◽  
Vol 15 (2) ◽  
pp. 179-191
Author(s):  
Felippe Martins Damaceno ◽  
Francieli Helena Bernardi ◽  
Victor Hugo Stormovski Cesar
Keyword(s):  
Net Present Value ◽  
Cost Benefit ◽  
Cash Flows ◽  
Environmental Benefits ◽  
Construction And Demolition Waste ◽  
Demolition Waste ◽  
Cost Benefit Ratio ◽  
The Cost ◽  
Financial Profitability ◽  
Recycled Material

RESUMO:  O objetivo deste trabalho consistiu em avaliar a viabilidade econômico-financeira de empreendimentos de construção e demolição realizarem a reciclagem de fragmentos de concreto e cerâmica. Para tal, foram projetados quatro cenários econômicos considerando construtoras responsáveis pela geração de diferentes quantidades de resíduos de construção e demolição (RCD’s), nos quais foi orçada uma britadeira móvel para a reciclagem do material. Os custos relacionados à aquisição, operação e manutenção da britadeira, foram confrontados em fluxos de caixa, com as receitas provenientes do uso ou venda do material reciclado na forma de brita n° 0, bem como da economia com caçambas de entulhos. Posteriormente, a rentabilidade dos projetos foi avaliada mediante o fator de recuperação do capital, o valor presente líquido e a taxa interna de retorno. Quanto maior a produção de RCD’s, maior também é a relação custo-benefício da aquisição da britadeira e, em função da maior quantidade de brita n° 0 reciclada (passível de ser utilizada na produção de contrapiso ou comercializada) e da maior economia com caçamba de entulhos, maiores são as receitas adquiridas, menor é o período de retorno do capital investido e maior é a rentabilidade financeira dos cenários projetados. A reciclagem de RCD’s além de proporcionar benefícios ambientais, pode ser um investimento financeiramente atrativo. ABSTRACT: The objective of this work was to evaluate the economic and financial feasibility of construction and demolition projects to carry out the recycling of concrete and ceramic fragments. For this, four economic scenarios were designed considering constructors responsible for the generation of different amounts of construction and demolition waste (RCD's), in which a mobile squeegee was used to recycle the material. The costs related to the acquisition, operation and maintenance of the crushing machine were compared to cash flows, with revenues from the use or sale of recycled material in the form of gravel No. 0, as well as the economy with litter bins. Subsequently, the profitability of the projects was evaluated by the capital recovery factor, the net present value and the internal rate of return. The higher the production of RCD’s, the greater the cost-benefit ratio of the purchase of the crushing machine and, due to the greater quantity of recycled crushed stone (which can be used in the production of sub-floor or commercialized) and the largest economy with a bucket of debris, the higher are the revenues acquired, the lower the return period of invested capital and the greater the financial profitability of the projected scenarios. Recycling RCD’s in addition to providing environmental benefits can be a financially attractive investment.

Welfare considerations in future selection and management strategies

1995 ◽  
Vol 19 ◽  
pp. 87-93 ◽  
Author(s):  
A. J. F. Webster
Keyword(s):  
New Technologies ◽  
Cost Benefit Analysis ◽  
Management Strategies ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Genetic Progress ◽  
Grass Silage ◽  
Welfare Implications ◽  
Physiological Demands ◽  
The Cost

AbstractThis paper considers the welfare implications of breeding, feeding and managing dairy cows for increased productivity. The physiological demands of lactation for the high genetic merit dairy cow are exceptional, less in their intensity and more in their duration. Most welfare problems can be attributed less to productivity per se than to systems of feeding, milking and management that are unsuitable to the genotype of the high yielding cow. These include the inadequacies of wet grass silage as a staple food and the abnormal restriction of cows to twice-daily milking. It is also necessary to consider welfare problems that may arise from the application of new technologies to increase milk yield or to increase the rate of genetic progress. These may be related to the process itself or to its consequences. It is proposed that the commercial exploitation of these new technologies should be controlled by legislation similar to that for the protection of animals used for scientific purposes which applies a cost-benefit analysis to determine whether the cost to the animal can be justified in terms of any potential benefit to society.

Aurora Textile Company

2017 ◽  
pp. 1-14
Author(s):  
Kenneth M. Eades ◽  
Lucas Doe
Keyword(s):  
Cash Flow ◽  
Financial Distress ◽  
Textile Industry ◽  
Capital Investment ◽  
Investment Decision ◽  
Flow Analysis ◽  
Cash Flows ◽  
List Type ◽  
Discounted Cash Flow ◽  
Cost Information

This case asks the student to decide whether Aurora Textile Company can create value by upgrading its spinning machine to produce higher-quality yarn that sells for a higher margin. Cost information allows the student to produce cash-flow projections for both the existing spinning machine and the new machine. The cash flows have many different cost components, including depreciation, the number of days of cotton inventory, and the liability costs associated with returns from retailers. The cost of capital is specified in order to simplify the analysis. The analysis has added complexity, however, owing to the troubled financial condition of both the company and the U.S. textile industry, which is in decline as manufacturers migrate to Asia to benefit from lower manufacturing costs. This begs the question whether management should invest in a declining business or harvest the company by paying out all profits as a dividend to the owners. The case is suitable for students just beginning to learn finance principles, but is also rich enough to use with experienced students and executives. The primary learning points are as follows: The basics of incremental-cash-flow analysis: identifying the cash flows relevant to a capital-investment decision The construction of a side-by-side discounted-cash-flow analysis for a replacement decision How to adapt the NPV decision rule to a troubled or dying industry The effect of financial distress on the NPV calculation The importance of sensitivity analysis to a capital-investment decision

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