Copper marketing with forward and futures contracts: state-owned and private Chilean firms during the 1990s

The use of futures in copper marketing became common during the 1990s, but little attention has been put on the reasons for it and its relationship with other elements of marketing such as forward sales and premiums. This study focuses on these issues and the benefit of futures relative to annual forward contracts. It argues futures complement annual forward contracts to secure the average market price rather than to maximize revenue. The paper analyzes empirical evidence for the six largest Chilean copper producers. This sample reflects well the entire Chilean industry during the 1990s. The analysis shows that forward sales became more volatile and futures seem to be the instrument to avoid income fluctuation at the end of the marketing process. However, the benefits of futures compared to forward sales are very modest. In the last section we suggest a better marketing instrument to maximize revenue may be premiums.     

Thanks but no thanks: A new policy to reduce land conflict

Land conflicts in developing countries are costly both directly and through increased land degradation. An important policy goal is to create respect for borders. This often involves mandatory, expensive interventions. We propose a new policy design, which in theory promotes neighborly relations at low cost. A salient feature is the option to by-pass regulation through consensus. The key idea combines the insight that social preferences transform social dilemmas into coordination problems with the logic of forward induction. As a first, low-cost pass at empirical evaluation, we conduct an experiment among farmers in the Ethiopian highlands, a region exhibiting features typical of countries where borders are often disputed.     

Sea salt bittern-driven forward osmosis for nutrient recovery from black water: A dual waste-to-resource innovation via the osmotic membrane process

• A dual “waste-to-resource” application of FO was proposed. • Performance of sea salt bittern as an economic FO draw solution was evaluated. • High quality struvite recovery from black water using FO was demonstrated. • Feed pH is a key factor to control the form of recovered phosphorous. A dual “waste-to-resource” innovation in nutrient enrichment and recovery from domestic black water using a sea salt bittern (SSB)-driven forward osmosis (FO) process is proposed and demonstrated. The performance of SSB as a “waste-to-resource” draw solution for FO was first evaluated. A synthetic SSB-driven FO provided a water flux of 25.67±3.36 L/m²⋅h, which was 1.5‒1.7 times compared with synthetic seawater, 1 M NaCl, and 1 M MgCl₂. Slightly compromised performance regarding reverse solute selectivity was observed. In compensation, the enhanced reverse diffusion of Mg²⁺ suggested superior potential in terms of recovering nutrients in the form of struvite precipitation. The nutrient enrichment was performed using both the pre-filtered influent and effluent of a domestic septic tank. Over 80% of phosphate-P recovery was achieved from both low- and high-strength black water at a feed volume reduction up to 80%‒90%. With an elevated feed pH (~9), approximately 60%‒85% enriched phosphate-P was able to be recovered in the form of precipitated stuvite. Whereas the enrichment performance of total Kjeldahl nitrogen (TKN) largely differed depending on the strength of black water. Improved concentration factor (i.e., 3-folds) and retention (>60%) of TKN was obtained in the high-nutrient-strength black water at a feed volume reduction of 80%, in comparison with a weak TKN enrichment observed in low-strength black water. The results suggested a good potential for nutrient recovery based on this dual “waste-to-resource” FO system with proper management of membrane cleaning.     

Forward collision warning system impact

Abstract

Objective: The objective of this research is to use historical crash data to evaluate the potential benefits of both high- and low-speed automatic emergency braking (AEB) with forward collision warning (FCW) systems.

Methods: Crash data from the NHTSA’s NASS–General Estimates System (GES) and Fatality Analysis Reporting System (FARS) databases were categorized to classify crashes by the speed environment, as well as to identify cases where FCW systems would be applicable.

Results: Though only about 19% of reported crashes occur in environments with speeds greater than 45?mph, approximately 32% of all serious or fatal crashes occur in environments with speeds greater than 45?mph. The percentage of crashes where FCW systems would be relevant has remained remarkably constant, varying between about 21 and 26% from 2002 to 2015. In 2-vehicle fatal crashes where one rear-ends the other, the fatality rates are actually higher in the struck vehicle (33%) than the striking vehicle (26%). The disparity is even greater when considering size–class differences, such as when a light truck rear-ends a passenger car (15 vs. 42% fatality rates, respectively).

Conclusions: NHTSA and the Insurance Institute for Highway Safety (IIHS) proposed the Automatic Emergency Braking Initiative in 2015, which is intended to make AEB (also called crash-imminent braking) with FCW systems standard on nearly all new cars by September 2022. Twenty automakers representing 99% of the U.S. auto market voluntarily committed to the initiative. Though the commitment to safety is laudable, the AEB component of the agreement only covers low-speed AEB systems, with the test requirements set to 24?mph or optionally as low as 12?mph. The test requirements for the FCW component of the agreement include 2 tests that begin at 45?mph. Only 21% of relevant serious injury or fatal accidents occur in environments at speeds under 24?mph, whereas about 22% of serious or fatal crashes occur in environments with speeds greater than 45?mph. This means that the AEB with FCW systems as agreed upon will cover only 21% of serious or fatal crashes and will not cover 22% of serious or fatal crashes. Because these systems are protective not only for the occupants of the vehicle where they are installed but also other vehicles on the roads, the data indicate that these systems should be a standard feature on all cars for high-speed as well as low-speed environments for the greatest social benefit.     

应用UBET模拟环形件金属流动及毛坯尺寸优化

利用上限单元法(UBET)数值模拟了自行车飞轮外壳的成形过程.优化出模锻自行车飞轮外壳的圆环毛坯尺寸.研究了环形件金属的流动规律和过程.并且用实验验证优化出的毛坯尺寸.试验结果与优化结果基本吻合.     

Performance of a stratified sand filter in removal of chemical oxygen demand, total suspended solids and ammonia nitrogen from high-strength wastewaters

A stratified sand filter column, operated in recirculation mode and treating synthetic effluent resembling high-strength dairy wastewaters was studied over a 342-d duration. The aim of this paper was to examine the organic, total suspended solids (TSS) and nutrient removal rates of the sand filter, operated in recirculation mode, under incrementally increasing hydraulic and organic loading rates and to propose a field filter-sizing criterion. Best performance was obtained at a system hydraulic loading rate of 10 L m(-2) d(-1); a higher system hydraulic loading rate (of 13.4 L m(-2) d(-1)) caused surface ponding. The system hydraulic loading rate of 10 L m(-2) d(-1) gave a filter chemical oxygen demand (COD), TSS, and total kjeldahl nitrogen (TKN) loading rate of 14, 3.7, and 2.1 g m(-2) d(-1), respectively, and produced consistent COD and TSS removals of greater than 99%, and an effluent NO(3)-N concentration of 42 mg L(-1) (accounting for an 86% reduction in total nitrogen (Tot-N)). As the proportional surface area requirement for the sand filter described in this study is less than the recommended surface area requirement of a free-water surface (FWS) wetland treating an effluent of similar quality, it could provide an economic and sustainable alternative to conventional wetland treatment.     

Forward osmosis coupled with lime-soda ash softening for volume minimization of reverse osmosis concentrate and CaCO3 recovery: A case study on the coal chemical industry

• Forward osmosis (FO) coupled with chemical softening for CCI ROC minimization • Effective removal of scale precursor ions by lime-soda ash softening • Enhanced water recovery from 54% to 86% by mitigation of FO membrane scaling • High-purity CaCO₃ was recovered from the softening sludge • Membrane cleaning efficiency of 88.5% was obtained by EDTA for softened ROC Reverse osmosis (RO) is frequently used for water reclamation from treated wastewater or desalination plants. The RO concentrate (ROC) produced from the coal chemical industry (CCI) generally contains refractory organic pollutants and extremely high-concentration inorganic salts with a dissolved solids content of more than 20 g/L contributed by inorganic ions, such as Na⁺, Ca²⁺, Mg²⁺, Cl⁻, and SO₄²⁻. To address this issue, in this study, we focused on coupling forward osmosis (FO) with chemical softening (FO-CS) for the volume minimization of CCI ROC and the recovery of valuable resources in the form of CaCO₃. In the case of the real raw CCI ROC, softening treatment by lime-soda ash was shown to effectively remove Ca²⁺/Ba²⁺ (>98.5%) and Mg²⁺/Sr²⁺/Si (>80%), as well as significantly mitigate membrane scaling during FO. The softened ROC and raw ROC corresponded to a maximum water recovery of 86% and 54%, respectively. During cyclic FO tests (4 × 10 h), a 27% decline in the water flux was observed for raw ROC, whereas only 4% was observed for softened ROC. The cleaning efficiency using EDTA was also found to be considerably higher for softened ROC (88.5%) than that for raw ROC (49.0%). In addition, CaCO₃ (92.2% purity) was recovered from the softening sludge with an average yield of 5.6 kg/m³ treated ROC. This study provides a proof-of-concept demonstration of the FO-CS coupling process for ROC volume minimization and valuable resources recovery, which makes the treatment of CCI ROC more efficient and more economical.     

Simultaneously recovering electricity and water from wastewater by osmotic microbial fuel cells: Performance and membrane fouling

Since the concept of the osmotic microbial fuel cell (OsMFC) was introduced in 2011, it has attracted growing interests for its potential applications in wastewater treatment and energy recovery. However, forward osmosis (FO) membrane fouling resulting in a severe water flux decline remains a main obstacle. Until now, the fouling mechanisms of FO membrane especially the development of biofouling layer in the OsMFC are not yet clear. Here, the fouling behavior of FO membrane in OsMFCs was systematically investigated. The results indicated that a thick fouling layer including biofouling and inorganic fouling was existed on the FO membrane surface. Compared to the inorganic fouling, the biofouling played a more important role in the development of the fouling layer. Further analyses by the confocal laser scanning microscopy (CLSM) implied that the growth of biofouling layer on the FO membrane surface in the OsMFC could be divided into three stages. Initially, microorganisms associated with ß-D-glucopyranose polysaccharides were deposited on the FO membrane surface. After that, the microorganisms grew into a biofilm caused a quick decrease of water flux. Subsequently, some of microorganisms were dead due to lack of nutrient source, in the meantime, polysaccharide and proteins in the biofouling layer were decomposed as nutrient source, thus leading to a slow development of the biofouling layer. Moreover, the microorganisms played a significant role in the formation and development of the biofouling layer, and further studies are needed to mitigate the deposition of microorganisms on FO membrane surfaces in OsMFCs.

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The mining industry in the European Union: Analysis of inter-industry linkages using input–output analysis

Input–output modelling is a useful tool in policy analysis and economic planning. This methodology is used to detect the inter-industry linkages known as forward and backward linkages. Examination of these measures provides one mechanism for identifying “key” or “leading” sectors. The main objective of this paper is to measure the linkages of the mining and quarrying industry in the European Union (EU) and to determine if any of the industry subsectors can be considered key sectors. The paper shows that three subsectors can be considered key sectors: the mining of coal and lignite and extraction of peat in Germany; mining of metal ores in Sweden; and other mining and quarrying in Austria, Denmark and Spain. These sectors are more stimulated by overall industry growth than other sectors and have greater impacts in terms of investment expenditures on the national economy than other sectors. The values of the forward and backward linkages show that the mining and quarrying is an industry that would be stimulated by an increase in a regional economy's production more than other sectors, while an increase in the mining and quarrying industry's output would not stimulate this regional economy more than an increase in other sectors.     

Fatty acid fouling of forward osmosis membrane: Effects of pH, calcium, membrane orientation, initial permeate flux and foulant composition

Octanoic acid (OA) was selected to represent fatty acids in effluent organic matter (EOM). The effects of feed solution (FS) properties, membrane orientation and initial permeate flux on OA fouling in forward osmosis (FO) were investigated. The undissociated OA formed a cake layer quickly and caused the water flux to decline significantly in the initial 0.5 hr at unadjusted pH 3.56; while the fully dissociated OA behaved as an anionic surfactant and promoted the water permeation at an elevated pH of 9.00. Moreover, except at the initial stage, the sudden decline of water flux (meaning the occurrence of severe membrane fouling) occurred in two conditions: 1. 0.5 mmol/L Ca^2 +, active layer facing draw solution (AL-DS) and 1.5 mol/L NaCl (DS); 2. No Ca^2 +, active layer-facing FS (AL-FS) and 4 mol/L NaCl (DS). This demonstrated that cake layer compaction or pore blocking occurred only when enough foulants were absorbed into the membrane surface, and the water permeation was high enough to compact the deposit inside the porous substrate. Furthermore, bovine serum albumin (BSA) was selected as a co-foulant. The water flux of both co-foulants was between the fluxes obtained separately for the two foulants at pH 3.56, and larger than the two values at pH 9.00. This manifested that, at pH 3.56, BSA alleviated the effect of the cake layer caused by OA, and OA enhanced BSA fouling simultaneously; while at pH 9.00, the mutual effects of OA and BSA eased the membrane fouling.