Search results for "Profit"
showing 10 items of 406 documents
Revisiting the Profitability of Market Timing with Moving Averages
2016
In a recent empirical study by Glabadanidis ("Market Timing With Moving Averages" (2015), International Review of Finance, Volume 15, Number 13, Pages 387-425; the paper is also available on the SSRN and has been downloaded more than 7,500 times) the author reports striking evidence of extraordinary good performance of the moving average trading strategy. In this paper we demonstrate that "too good to be true" reported performance of the moving average strategy is due to simulating the trading with look-ahead bias. We perform the simulations without look-ahead bias and report the true performance of the moving average strategy. We find that at best the performance of the moving average stra…
Resultado económico y de empleo en las organizaciones sociales de origen familiar
2018
La Unión Europea ha apostado por el modelo de empresa social como una herramienta para corregir los desequilibrios socioeconómicos en los países miembros. En el contexto de la economía española, las organizaciones familiares destacan debido a su fuerte presencia y apoyo. El objetivo de este trabajo es estudiar la relación entre el rendimiento económico y el nivel de empleo, como indicador de impacto social, en las organizaciones aragonesas de origen familiar, así como las diferencias en esta interacción cuando la forma lucrativa o no lucrativa de la estructura formada por la unidad familiar se introduce como variable moderadora. Para ello, se obtuvo una muestra de 2.931 empresas y 117 funda…
Socijalna ekonomija u Europskoj uniji
2012
Ova sažeta studija, koju je za Europski ekonomski i socijalni odbor (EESC) pripremio Međunarodni centar za istraživanje i informacije o javnoj, socijalnoj i zadružnoj ekonomiji (CIRIEC), usredotočena je primarno na dva aspekta socijalne ekonomije: pojmovno-konceptualna pitanja i usporednu analizu stanja i trendova socijalne ekonomije u EU i zemljama članicama. Značajan prostor u izvještaju posvećen je povijesnom razvoju koncepta, teorijskim pristupima, nacionalnim određenjima i komponentama socijalne ekonomije. U drugom dijelu izvještaja analiziraju se statistički pokazatelji o socijalnoj ekonomiji u zemljama EU-a i posebno se argumentira društvena korisnost socijalne ekonomije. Na kraju se…
A comprehensive tool for efficient design and operation of polygeneration-based energy μgrids serving a cluster of buildings. Part II: Analysis of th…
2013
Abstract The potential of polygeneration systems, in terms of profitability, energy saving and pollutant emissions reduction, highly depends on several factors such as plant efficiency, local normative and tariff conditions and reference technologies adopted to compare the results. In Part I of this paper a reliable tool was described, capable of optimizing the lay-out, design and operation of an integrated polygeneration system serving a cluster of buildings with their heat, cooling and power demand; the tool represents an excellent instrument to perform sensitivity analyses, thus enabling the analyst to formulate general design criteria and predict the effects of any change in the boundar…
Industrial Microreactor Process Development up to Production
2008
This chapter is about industrial applications of microprocess technology. Industry is not very active in publishing not only because of confidentiality reasons but also because of the absence of direct need for a corresponding profile. Thus, one cannot expect that the ongoing developments can be shown with a similar degree of completeness, clarity and detailedness, as this is possible for reviewing scientific contributions from academy with a wealth of peer-reviewed papers. Especially, the information of major interest of what has been transferred to production and how do the companies make profit with the new technology is usually kept secret. Thus, it has to be accepted that some informat…
Review of the energy and economic parameters involved in the effectiveness of grid-connected PV systems installed in multi-storey buildings
2014
Abstract The assessment of PV energy in an urban context is extremely complex because many factors have to be considered. Moreover, when the purpose is calculating the realistic amount of the electricity demand of a city that can be covered by the photovoltaic generation, it is necessary to estimate the number of photovoltaic systems whose installation is economically advantageous. Such a topic requires an economic analysis, which is affected by the number of energy and economic parameters involved and the values assigned to them to perform calculations. Some parameters are perfectly known and unvarying, like the paid incentives. Adversely, some parameters, like the efficiency degradation o…
Developments Around the Activity-Based Costing Method: A State-of-the Art Literature Review
2007
This paper analyzes the management accounting applications which try to improve the Activity-based Costing method. In the first part, we describe them using the Strategic Management Accounting stream. Then, we present the main features of these applications. In the second part, we examine in detail two of these features: The widening of the analysis perimeter and the relevant level of details to analyze the costs. Finally, we analyze several proposals: Customer-driven ABC, Inter-organizational Cost Management, Resource Consumption Accounting and Time-driven ABC.
A comprehensive tool for efficient design and operation of polygeneration-based energy μgrids serving a cluster of buildings. Part I: Description of …
2013
Polygeneration systems with thermal energy storage represent promising solutions to achieve energy saving and emissions reduction in the civil sector. The definition of customer-oriented design and operation strategies represents a most challenging task, in order to maximize the profitability and make the investment attractive. A large potential is often recognized for the installation of centralized plants serving a cluster of buildings located over a small area; in such cases the design problem becomes extremely complex and the analyst needs reliable instruments to identify the optimal solution. This paper in two parts presents a scientific tool for the optimization of design and operatio…
Market-oriented analysis for active distribution systems
2009
Distribution networks are today the place where demand and offer are physically located and meet. Offer comes from Generation companies, through distributed generation, while demand is usually represented by simple users. Distribution company both buy and sell energy so they implement both sides. The EU promotes the free market and the renewable energy sources (RES) supported by the distributed generation technology. The technical-economical scenario in which distributed generation is thus growing is complex and comprises a large number of stakeholders. The authors, on the basis of previous studies want to analyse the problem of identifying sets of stakeholders sharing the common interest o…
Post Feed-in Scheme Photovoltaic System Feasibility Evaluation in Italy: Sicilian Case Studies
2014
: Thanks to national energy policies, over recent years the Italian photovoltaic (PV) sector has undergone an extraordinary growth, also affecting the primary sector. In this context, Mediterranean greenhouses are well-adapted to photovoltaic systems because they represent one of the most energy-intensive sectors in agriculture. The Italian feed-in scheme ended at the beginning of 2013, making it necessary to investigate the feasibility of photovoltaic systems devoid of any electricity production-related incentives. In this paper, production cost and profitability analyses of photovoltaic electricity have been conducted, considering Mediterranean solar greenhouses in which, thanks to net me…