scholarly journals The economic impacts of woodchip storage optimization: Reducing material and energy loss during transportation and storage

2021 ◽  
Vol 97 (3) ◽  
pp. 263-265
Author(s):  
Torben Jensen
Keyword(s):  
Supply Chain ◽  
Energy Loss ◽  
Cost Benefit Analysis ◽  
Economic Impacts ◽  
Cost Benefit ◽  
National Standards ◽  
Solid Biofuels ◽  
Potential Benefits ◽  
And Storage ◽  
Economic Considerations

The use of woody biomass for domestic bioenergy provides many benefits and opportunities, but also presents a challenge regarding the supply chain required for maintaining the high quality feedstock for sustained bioenergy production. This article focuses on one aspect of that supply chain – woodchip storage. To encourage the establishment of a bioenergy market and to help ensure a safe and stable fuel source, Suzanne Wetzel and Christopher Helmeste from the Canadian Forest Service, Canadian Wood Fibre Centre (CFS/CWFC) and collaborators contributed their scientific expertise to the development of a solid biofuels guide based on existing national standards from the Canadian Standard Association’s (CSA). This paper explores the potential economic impacts for bioenergy producers of implementing the CSA guidelines. These impacts include reducing material and energy loss during transportation and storage. Potential benefits were determined by cost-benefit analysis. The results of this economic impact study have significant potential implications for bioenergy producers, including the integration of economic considerations in the development of policies for biomass feedstock optimization for the Canadian bioenergy industry.

Economic Impact Assessment

2018 ◽  
Author(s):  
Donald Getz
Keyword(s):  
Impact Assessment ◽  
Economic Impact ◽  
Computable General Equilibrium ◽  
Cost Benefit Analysis ◽  
Economic Impacts ◽  
Cost Benefit ◽  
Equity Issues ◽  
Cge Modelling ◽  
Economic Impact Assessment ◽  
Event Tourism

Concepts for understanding economic impacts, and valid methods of assessment are well developed. In fact, there is so much information available that this is the largest chapter in the book – not the most important. A thorough and accessible reference on the subject is the book Tourism Economics and Policy by Dwyer, Forsyth and Dwyer (2010) as it contains a full chapter on events. Event Tourism (Getz, 2013) also covers economic impact assessment in detail. There have been well-documented problems with economic impact assessments for tourism and events (Matheson, 2002; Matheson and Baade, 2003; Crompton and McKay, 2004; Tyrell & Ismail, 2005; Crompton, 2006; Davies et al., 2013), pertaining to both how they are done and the purposes they serve. Dwyer and Jago (2014, p.130) identified three main types of criticisms associated with the assessment of the economic impacts of events, commencing with the exaggeration of benefits owing to either deliberate manipulation or faulty methods. Attention has often focused on the use of Input-Output tables to formulate ‘multipliers’, a practice which leads to exaggerated benefits, with a number of scholars preferring Computable General Equilibrium (CGE) modelling. Most fundamental is the frequent failure to consider all costs and benefits, leading to calls for more comprehensive cost-benefit analysis (CBA). Most economic IAs have utilized only a narrow range of metrics, but even more unfortunate is the continued reliance on multipliers and econometric models, as these ‘black-box’ approaches tend to exaggerate imputed benefits while ignoring costs and equity issues. This is certainly not in keeping with principles of social responsibility and sustainability.

OP44 Robot-Assisted Surgery: Joint HTA To Inform Australian Policy And Funding

2019 ◽  
Vol 35 (S1) ◽  
pp. 10-10
Author(s):  
Paul Fennessy ◽  
Vanessa Clements ◽  
Olivia Hibbitt
Keyword(s):  
Da Vinci ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
National Standards ◽  
Robot Assisted ◽  
Economic Implications ◽  
Stakeholder Consultation ◽  
Patient Reported ◽  
Robot Assisted Surgery

IntroductionRobot-Assisted Surgery (RAS) has been available in Australia since 2003. There are 50 da Vinci RAS systems in Australia (18 in NSW and 12 in Victoria) with most in the private hospital sector. In Australia the capital cost of a da Vinci RAS system is up to AUD 4 million (USD 2.8 million), which excludes annual maintenance fees of AUD 250,000 (USD 175,000) and consumable costs of AUD 3,500 (USD 2,450) for each procedure.MethodsThe NSW Ministry of Health and Victorian Department of Health and Human Services commissioned a health technology assessment (HTA) to explore the benefits, risks and economic implications of surgical robotics, which involved a review of the peer reviewed literature, a cost benefit analysis of public sector patients who received RAS and broad stakeholder consultation to document current perspectives on RAS applications.ResultsRAS is as safe and effective as other surgical modalities when performed by sufficiently skilled surgeons, although evidence generally comes from small studies with limited follow-up time and few studies report long term mortality, morbidity or patient-reported outcomes. Comparative benefits of RAS are uncertain as most studies conclude little or no difference in procedure related or functional outcomes. While RAS reduces length of stay, which offers patient and health system benefits, this is insufficient to fully offset high capital and consumable costs currently charged to Australian providers. Government and clinical stakeholders identified that establishing an RAS service requires consideration of important factors, including: i) Governance is critical; ii) Higher case volumes may improve financial viability; and iii) a need for state-wide/national standards for surgeon training and credentialing.ConclusionsRAS is as safe and effective as other modalities when performed by skilled surgeons. However, uncertainty remains around long-term outcomes and clinical and cost effectiveness. An accredited training program, monitoring and evaluation will be critical to ensure outcomes data inform ongoing evidence assessment and government policy and investment.

Economic Analysis of Quality Innovation in Design and Manufacturing

1993 ◽  
Author(s):  
Hubert Vasseur ◽  
Thomas R. Kurfess ◽  
Jonathan Cagan
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Competitive Environment ◽  
Benefit Analysis ◽  
Industrial Output ◽  
Profit Margins ◽  
Design And Manufacturing ◽  
Potential Benefits ◽  
Corporate Profits

Abstract Due to several possible production modes, an industrial output may have different quality levels. Production processes and quality assurance plans are chosen and adjusted, generally as a lagged reaction to customers’ input and competitors’ strategy. Different techniques based on cost benefit analysis have existed to assess beforehand the overall benefits to society of such decisions; however, these techniques do not necessarily provide any insight as to the resulting influence on corporate profits. This paper reviews different perspectives on industrial quality and adopts a formalism in which social and corporate optimum can be compared from an engineering standpoint. The potential benefits for a manufacturer to improve the quality of its products are studied under several market conditions. The incentive is the strongest in a competitive environment where the benefits of quality innovation are twofold: quality innovation increases consumers’ demand and allows the manufacturer to keep more substantial profit margins.

Cost-Benefit and Cost-Effectiveness Analyses of Magnetic Resonance Imaging

1985 ◽  
Vol 1 (3) ◽  
pp. 537-550 ◽  
Author(s):  
Kathleen N. Gillespie ◽  
Anne Elixhauser ◽  
Dean M. Reker ◽  
James W. Fletcher ◽  
Fredric D. Wolinsky
Keyword(s):  
Cost Effectiveness ◽  
Magnetic Resonance ◽  
New Technologies ◽  
Cost Benefit Analysis ◽  
Fundamental Problem ◽  
New Technology ◽  
Cost Benefit ◽  
Scarce Resources ◽  
Medical Benefits ◽  
Potential Benefits

Any new technology that promises significant costs as well as potential benefits generates considerable interest. Such innovations bring into bold relief the fundamental problem of achieving maximal medical benefits while efficiently and equitably allocating scarce resources (II). Two tools that decision makers can use to assess the benefits and costs of implementing new technologies are cost- benefit analysis (CBA) and cost-effectiveness analysis (CEA). One technology that seems especially appropriate for the application of CBA and CEA is nuclear magnetic resonance (NMR) imaging.

scholarly journals Analisis Pemanfaatan RFID terhadap Efisiensi Biaya dalam Global Supply Chain Management

2018 ◽  
Vol 7 (1) ◽  
pp. 47
Author(s):  
Yustina Tritularsih
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Calculation Model ◽  
Chain Process ◽  
Rfid Technology ◽  
Analysis Model ◽  
Chain Management ◽  
A Company

<p class="yiv2767954440ydp91c392edmsonormal"><em><span>Supply Chain Management (SCM) has been assumed to play an important role in the company's performance and has attracted academician’s attention to research seriously in these recent years. A number of literatures reveal the research of supply chain management developmenth that has implemented RFID technology. Generally, the method is implemented by combining and informing the journal about cost-benefit analysis model in a company that applies RFID tag technology integratedly from production line, delivery up to management of retailer part. Currently, all links from the entire supply chain need to integrate those different parts and have better controls to get better returns. This integration must offer the ability for the company to have a thorough and transparent insight into its supply chain activities. Intelligent supply chains that are primarily supported by RFID technology can meet these integration needs. By using RFID, a company can benefit from several advantages. One of them is cost reduction and time efficiency. This paper attempts to recommend a model to estimate the benefits of implementing RFID in companies that have an integrated supply chain process. The proposed model is used to find out the value of depreciation and RFID price tag that can provide maximum benefit from RFID implementation. Examples of case studies provide a better understanding of calculation model </span></em></p>

scholarly journals A new blockchain system design to improve the supply chain of engineering, procurement and construction (EPC) companies – a case study in the oil and gas sector

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Rashid Amiri Ara ◽  
Klara Paardenkooper ◽  
Ron van Duin
Keyword(s):  
Supply Chain ◽  
System Design ◽  
Oil And Gas ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Field Analysis ◽  
Content Type ◽  
Implementation Processes ◽  
External Expert

Purpose This paper aims to propose a new blockchain system design to improve engineering, procurement and construction (EPC) companies’ supply chain for constructing oil and gas infrastructure, by mitigating cost and time inefficiencies. Design/methodology/approach A case study analyses the supply chain of a sample EPC company. First, a literature review is conducted to explore the subject in academic literature. Second, information flows are mapped using responsible, accountable, consulted and informed analysis and cross-functional process mapping. Third, inefficiencies are identified. Fourth, the root causes of the inefficiencies are pinpointed using fishbone and five-times-why analysis. Fifth, a comparison is made between the linear and the blockchain information system via force-field analysis. Sixth, a specific blockchain system design is identified based on three external expert interviews. Finally, the new system is designed and a cost-benefit analysis is conducted. Findings Major cost and time inefficiencies in oil and gas infrastructure developments are caused by a poor information flow in the supply chain. The new blockchain system design is a feasible solution, reducing cost inefficiencies by 12.4% and operation lead-times by 36.5%. Research limitations/implications The confidentiality of the sample EPC company’s information represents a limitation. Originality/value The research introduces a new blockchain system design, reducing cost and time inefficiencies in the project-development supply chain, including implementation processes.

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