Search results for " return"
showing 10 items of 166 documents
A financial feasibility study of an aquaponic system in a Mediterranean urban context
2019
Abstract Aquaponics is largely recognized as a solution for sustainable food production as it follows a biomimetic natural system and the circular economy principles, allowing large food productivity on nonagricultural land, and at the same time strongly reducing inputs and waste. In this study, we collected technical, economic and production data from a pilot aquaponic plant producing lettuce (Lactuca sativa) and Nile tilapia (Oreochromis niloticus) realized in an urban context in Sicily (Southern Italy), very suitable area for aquaponic production in relation to the Mediterranean climate. Through the determination of Net return and Break Even Point, analysing on one side the items which c…
Assessing Methane Emission and Economic Viability of Energy Exploitation in a Typical Sicilian Municipal Solid Waste Landfill
2018
Sanitary landfills for municipal solid waste (MSW) represent one of the major anthropogenic source of GHGs emissions and are directly responsible of the climate changes we are facing nowadays. Indeed, the biodegradable organic matter of MSW undergoes anaerobic digestion producing the landfill gas (LFG), whose main components are CH4 and CO2. Therefore, biomethane energy exploitation in MSW landfills will reduce GHGs emission positively affecting the global warming. The aim of the present study was to assess the methane production in a Sicilian landfill by comparing the results from field measurements of methane emission and the estimates achieved by applying different mathematical models. A…
Low male return rate due to clutch enlargements in the pied flycatcher (Ficedula hypoleuca)
1997
Abstract:Increased investment in reproduction during current breeding event may entail future fitness costs. Even though a wide array of both theoretical and empirical work has been devoted to solve the problem of optimal reproductive rate, evidence for costs of reproduction has been equivocal. In the present study we examined the survival of pied flycatcher parents after a clutch size manipulation where we altered clutch size with one or two eggs. We monitored return rates and dispersal of parents during subsequent years after manipulation. An artificial increase in reproductive effort caused lowered return rates of males. Results on breeding dispersal did not support the explanation that …
Weak effects of geolocators on small birds: A meta-analysis controlled for phylogeny and publication bias
2020
Abstract Currently, the deployment of tracking devices is one of the most frequently used approaches to study movement ecology of birds. Recent miniaturization of light‐level geolocators enabled studying small bird species whose migratory patterns were widely unknown. However, geolocators may reduce vital rates in tagged birds and may bias obtained movement data. There is a need for a thorough assessment of the potential tag effects on small birds, as previous meta‐analyses did not evaluate unpublished data and impact of multiple life‐history traits, focused mainly on large species and the number of published studies tagging small birds has increased substantially. We quantitatively reviewe…
Economic feasibility of stationary electrochemical storages for electric bill management applications: The Italian scenario
2016
Battery energy storage systems (BESSs) are expected to become a fundamental element of the electricity infrastructure, thanks to their ability to decouple generation and demand over time. BESSs can also be used to store electricity during low-price hours, when the demand is low, and to meet the demand during peak hours, thus leading to savings for the consumer. This work focuses on the economic viability of BESS from the point of view of the electricity customer. The analysis refers to a lithium-ion (Li-ion), an advanced lead-acid, a zinc-based, a sodium-sulphur (NaS) and a flow battery. The total investment and replacement costs are estimated in order to calculate the cumulated cash flow, …
Forecasting portfolio returns using weighted fuzzy time series methods
2016
We propose using weighted fuzzy time series (FTS) methods to forecast the future performance of returns on portfolios. We model the uncertain parameters of the fuzzy portfolio selection models using a possibilistic interval-valued mean approach, and approximate the uncertain future return on a given portfolio by means of a trapezoidal fuzzy number. Introducing some modifications into the classical models of fuzzy time series, based on weighted operators, enables us to generate trapezoidal numbers as forecasts of the future performance of the portfolio returns. This fuzzy forecast makes it possible to approximate both the expected return and the risk of the investment through the value and a…
Grading investment diversification options in presence of non-historical financial information
2021
Modern portfolio theory deals with the problem of selecting a portfolio of financial assets such that the expected return is maximized for a given level of risk. The forecast of the expected individual assets’ returns and risk is usually based on their historical returns. In this work, we consider a situation in which the investor has non-historical additional information that is used for the forecast of the expected returns. This implies that there is no obvious statistical risk measure any more, and it poses the problem of selecting an adequate set of diversification constraints to mitigate the risk of the selected portfolio without losing the value of the non-statistical information owne…
Renewable energies, business models and local growth
2018
Abstract Energy is one of the driving factors of the world economy: energy consumption is closely linked to quality of life and environmental impact. Reducing the use of fossil fuels, curtailing greenhouse gas emissions, and cutting energy dependence from traditional energy producing countries are the cornerstones of European policies for safe, competitive, sustainable, and renewable energy. In addition, the pressing need to provide new and diversified opportunities for supplementary income for the agricultural sector has fueled the desire to engage rural areas in this process. Biogas, derived from the anaerobic digestion of biomass, is one of the renewable energy sources that has been very…
Fuzzy Portfolio Selection Models for Dealing with Investor’s Preferences
2017
This chapter provides an overview of the authors’ previous work about dealing with investor’s preferences in the portfolio selection problem. We propose a fuzzy model for dealing with the vagueness of investor preferences on the expected return and the assumed risk, and then we consider several modifications to include additional constraints and goals.
The Impact of Lbos on Investment Policies and Operations of Acquired French Firms
2002
This paper evaluates the extent that French LBO targets’ investment policy and operations can account for their overperformance discrepancy. Our empirical study has been carried out on 132 French LBOs between 1989 and 1994. The results show that the abnormal plunge in economic return cannot be explained by overinvestments or by inefficient working capital management. Nevertheless, abnormal increases in wages, supplies and/or sales price reductions appear to be prominent.