Relevant bibliographies by topics / Marginal rate of resource substitution

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  1. Journal articles
  2. Dissertations / Theses
  3. Books
  4. Book chapters
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Academic literature on the topic 'Marginal rate of resource substitution'

Author: Grafiati
Published: 30 May 2022
Last updated: 31 July 2025

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Journal articles on the topic "Marginal rate of resource substitution"

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Chaiyamart, Pattaraphongpan, and William Gartner. "Marginal rate of substitution of multidimensional well-being for affected residents of the dam, Pak Mun Dam." International Journal of Research in Business and Social Science (2147- 4478) 10, no. 3 (2021): 438–49. http://dx.doi.org/10.20525/ijrbs.v10i3.1134.

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The marginal rate of substitution shows that negatively affected residents of Pak Mun Dam are willing to trade three units of economic well-being to gain one more unit of social well-being. Marginal rate of substitution (MRS) provides important information to the government regarding such trade-offs. Given the limited budget and resources, the optimal point of the combination of these dimensions of well-being should be determined in order to provide better strategy and policy to improve the conditions for residents affected by the dam’s construction. Structural Equation Model (SEM) was used to
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Chong, Zhang, Haoping Liu, Hyoung Jun Kim, Qian Wu, and Samuel Xie. "The Rationality of Addiction." Deakin Papers on International Business Economics 2, no. 2 (2009): 1–8. http://dx.doi.org/10.21153/dpibe2009vol2no2art192.

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This paper presents a discussion on the rationality of addiction using economic theories. Drug abuse is the dominant context for addict ion in this paper. However, it does not preclude a broader definition, encapsulating dependence on substances other than pharmacological agents; let it be nicotine , alcohol, coffee, chocolates or sex. The argument follows the progression in rationale from consumption to addiction to eventual remission. The economics of any behaviour, addiction-motivated or otherwise, distils down to the scarcity of means and our intuitions of opportunity costs involved in mak
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Grebennikov, Valery G. "Macroeconomic Modeling of the Relationship Between Price and Industry Proportions." Vestnik Tomskogo gosudarstvennogo universiteta. Ekonomika, no. 55 (2021): 10–26. http://dx.doi.org/10.17223/19988648/55/2.

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The article aims to examine one of the most interesting, in the authors’ opinion, applications of the two-sector model of social technology to identify the relationship between the trajectories of the relative price and the relative share of the product in the total output based on the concept of Pareto optimal, or “efficient”, trajectories of economic growth (i.e. trajectories, each point of which belongs to the surface of production opportunities). Within the framework of this concept, the ratio of prices of individual products corresponds to the marginal rates of these products’ substitutio
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Sun, Fan, Quan Li, and Weiqing Wang. "Frequency Regulation Reserve Allocation for Integrated Hydropower Plant and Energy Storage Systems via the Marginal Substitution." Electronics 14, no. 8 (2025): 1582. https://doi.org/10.3390/electronics14081582.

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With the increasing integration of large-scale renewable energy sources, the coordinated participation of hydropower and energy storage in frequency regulation has become a critical means of ensuring the safe and economical operation of power grids. This paper proposes an optimization method for the allocation of frequency regulation reserves between hydropower and energy storage based on marginal substitution rate (MRS) analysis. First, a frequency response model that captures the synergistic interaction between hydropower and energy storage is established, with the root mean square error (RM
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SANDHU, K. S., V. K. ARORA, RAMESH CHAND, B. S. SANDHU, and K. L. KHERA. "OPTIMIZING TIME DISTRIBUTION OF WATER SUPPLY AND FERTILIZER NITROGEN RATES IN RELATION TO TARGETED WHEAT YIELDS." Experimental Agriculture 36, no. 1 (2000): 115–25. http://dx.doi.org/10.1017/s0014479700361105.

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Long-term field experiments were conducted at six different sites (representing dryland and irrigated environments) with wheat (Triticum aestivum) on sandy loam soils to generate a database relating available water supply and fertilizer nitrogen (N) rate to grain yield. Step-wise multiple regression analysis showed that water supply and fertilizer N at more than 53 cm a−1 and 103 kg ha−1 a−1 were unproductive. A method, based on the principle of equi-marginal productivity of water in different periods of crop growth, has been used to estimate the optimum allocation of the variable amounts of w
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Zhang, Jingxiao, Fangyu Dong, Pablo Ballesteros-Pérez, Hui Li, and Martin Skitmore. "Current and Future Trends of Resource Misallocation in the Construction Industry: A Bibliometric Review with Grounded Theory." Buildings 12, no. 10 (2022): 1731. http://dx.doi.org/10.3390/buildings12101731.

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Resource misallocation (RM) refers to the existence of marginal output inequalities between different industries or companies in an economy. Prior studies of RM have mostly focused on effect analysis, construction industry structure upgrades, and organization management. However, these studies have been fragmented and unrelated. This paper analyzes the status quo, consequences, and emerging trends of RM research at the macroscopic level based on current problems and with the aim of exploring potential solutions. Drawing on grounded theory, a qualitative analysis using text-mining is used to an
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JUSTIN, JOHN STEPHEN RAKESH KUMAR S. MANJHI AND HIMANSHU PARMAR. "A Cobb-Douglas Analysis of Mining & Quarrying Sector in India." INDIAN JOURNAL OF COMMERCE 77, no. 3 (2024): 1–13. https://doi.org/10.5281/zenodo.14351090.

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This study investigates the production relationship within the Indian mining and quarrying sector using the Cobb-Douglas production function. The study aims to achieve three key objectives, including describing the production relationship, analysing returns to scale, and determining factor shares. The Indian mineral industry plays a vital role in the economy, with a significant increase in the mineral production index and total value in 2021-2022. The sector consists of metallic and nonmetallic minerals, driving industrial growth. The mining and quarrying sector contributed about 2.40% of Gros
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Afanasiev, Anton А., and Olga S. Ponomareva. "Russian macroeconomic production function in regard to infrastructure for 1990-2020." Market economy problems, no. 3 (2022): 16–28. http://dx.doi.org/10.33051/2500-2325-2022-3-16-28.

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In the period 1990-2020, the econometric methods were used to study the national economic production function of Russia, one of the arguments of which is the transport and communication infrastructure represented by the main funds of transport and communications. The results of the study indicate a continuing decline in the elasticity of Russia's GDP in transport and communication infrastructure in 2020 at a lower rate than in previous years. The dynamics of the marginal rate of technological substitution of production factors in 2009-2020 is researched. Among the main reasons for the decline
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Zadoia, Anatolii O., and Sergiy B. Kholod. "EXTENSIVE AND INTENSIVE REPRODUCTION: THE RATIO OF ECONOMIC GROWTH FACTORS." Vital cycle of the organizational culture of the trading enterprises 1, no. 14 (2021): 35–42. http://dx.doi.org/10.32342/2616-3853-2021-1-14-4.

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The article is devoted to the development of method for estimating the ratio of extensive and intensive factors of economic growth and its use to assess the situation in the Ukrainian economy. Extensive development, which is based on the quantitative growth of the factors of production used at certain stages, can provide the desired increase in GDP. However, from a historical perspective, their potential is limited. Therefore, the global trend is the strengthening of intensive factors, which are based on the growth of the impact of production factors, their constant improvement on the basis of
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Mark, Agyei-Sakyi. "Transition Pathways Towards 100% Sustainable Electricity Generation for America Using Demand and Supply-side Determinants." Annals of Environmental Science and Toxicology 8, no. 1 (2021): 074–76. https://doi.org/10.17352/aest.000082.

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In most countries, energy resources and electricity generation have become the engine of economic growth. This study analyses effective and sustainable energy transition pathways and supply and highlights the commitments of the 2015 Paris Agreement by the United States of America in combating the challenges of global warming. The transition pathways are designed to reduce greenhouse gas emissions and advance worldwide temperature to a 1.5 °C average. Again, justifiable transition pathways mostly include energy savings on the demand side, generation efficiency, and fossil fuel substitution by v
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Dissertations / Theses on the topic "Marginal rate of resource substitution"

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Янковий, В. О., та V. Yankovyi. "Оптимізація фондоозброєності на промислових підприємствах України". Diss., Одеський національний економічний університет, 2021. http://dspace.oneu.edu.ua/jspui/handle/123456789/12931.

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Дослідження присвячене вирішенню важливої наукової проблеми – аналізу та оптимізації фондоозброєності в промисловості. Розглянуто сутність, складові показника фондоозброєності, його двоїстий характер та місце в системі техніко-економічних параметрів промислового виробництва. Сформовано класифікацію чинників фондоозброєності, запропоновано систематизацію її внутрішніх факторів на основі індексних моделей. Розроблено поняття оптимальної фондоозброєності та методи її аналітичного та графічного визначення на базі двофакторних виробничих функцій, досліджено можливості розрахунку резервів росту ефек
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Books on the topic "Marginal rate of resource substitution"

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Flood, Robert P. Estimating the expected marginal rate of substitution: Exploiting idiosyncratic risk. National Bureau of Economic Research, 2004.

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Flood, Robert P. Estimating the expected marginal rate of substitution: Exploiting idiosyncratic risk. National Bureau of Economic Research, 2004.

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Scott, Louis O. Intertemporal asset pricing and the marginal rate of substitution: Empirical estimation and testing. College of Commerce and Business Administration,University of Illinois at Urbana-Champaign, 1986.

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Scott, Louis O. Intertemporal asset pricing and the marginal rate of substitution: Empirical estimation and testing. College of Commerce and Business Administration,University of Illinois at Urbana-Champaign, 1986.

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Scott, Louis O. Estimation of the marginal rate of substitution in the intertemporal capital asset pricing model. College of Commerce and Business Administration, University of Illinois at Urbana-Champaign, 1987.

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Jappelli, Tullio, and Luigi Pistaferri. The Age Profile of Consumption and Wealth. Oxford University Press, 2017. http://dx.doi.org/10.1093/acprof:oso/9780199383146.003.0002.

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The life-cycle model yields a number of important empirical predictions about consumption and saving behavior. First, the growth rate of consumption depends on the difference between the expected real interest rate and the rate of time preference and varies with the elasticity of intertemporal substitution. Second, individuals seek to smooth the marginal utility of consumption over time. Third, young consumers should be accumulating resources for retirement, and hence have an adequate level of wealth at retirement. Finally, the elderly should be decumulating resources. To test these prediction
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Back, Kerry E. Stochastic Discount Factors. Oxford University Press, 2017. http://dx.doi.org/10.1093/acprof:oso/9780190241148.003.0003.

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SDFs are defined. The first order condition for portfolio choice is interpreted as: an investor’s marginal rate of substitution is an SDF. There is a strictly positive SDF if and only if there are no arbitrage opportunities, and there is some SDF if and only if the law of one price holds. There is a unique SDF if and only if the market is complete. Orthogonal projections are defined. There is a unique SDF in the span of the assets, and it equals the projection of any SDF onto the span of the assets. The Hansen‐Jagannathan bounds are derived. Orthogonal projections are used to show how an inves
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Haq, Khadija, ed. Preparation of Pakistan’s Third Five Year Plan. Oxford University Press, 2018. http://dx.doi.org/10.1093/oso/9780199474684.003.0002.

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In the chapter, Haq lays out the key elements of the Third Five Year Plan (1965-70) and apprises the reader of the key analytical techniques and processes used for the choice of overall and sectoral growth rates, choice of strategy and resource mobilization; and sectoral priorities in the investment programmes. Much effort was put into identifying the practical limits of East Pakistan’s development, to fix export target, to fix marginal savings target, etc. After the completion of work on these policy variables, the stage was set for the final choice of the growth rate to be adopted and its im
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Book chapters on the topic "Marginal rate of resource substitution"

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Sato, Ryuzo, and Rama V. Ramachandran. "Holothetic Production Functions and Marginal Rate of Technical Substitution." In Symmetry and Economic Invariance: An Introduction. Springer US, 1998. http://dx.doi.org/10.1007/978-1-4615-5513-1_3.

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Sato, Ryuzo, and Rama V. Ramachandran. "Holothetic Production Functions and Marginal Rate of Technical Substitution." In Advances in Japanese Business and Economics. Springer Japan, 2013. http://dx.doi.org/10.1007/978-4-431-54430-2_3.

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"MARGINAL RATE OF TRANSFORMATION AND RATE OF SUBSTITUTION." In Environmental Assessment on Energy and Sustainability by Data Envelopment Analysis. John Wiley & Sons, Ltd, 2018. http://dx.doi.org/10.1002/9781118979259.ch22.

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Phelps, Charles E., and Darius N. Lakdawalla. "The Consequences of Permanent Disability." In Valuing Health. Oxford University PressNew York, 2024. http://dx.doi.org/10.1093/oso/9780197686287.003.0005.

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Abstract Controversially, standard cost-effectiveness analysis states that treating disabled people has less value than treating otherwise-similar nondisabled people—a clear and unmistakable bias. By introducing diminishing returns, the generalized risk-adjusted cost-effectiveness model reverses this finding, showing that proper valuation makes it more, not less, valuable to improve disabled people’s quality of life (QoL). This arises because willingness to pay (WTP) for health represents the marginal rate of substitution between consumption and health, and when permanently disabled people hav
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Phelps, Charles E., and Darius N. Lakdawalla. "Diminishing Returns . . . Everywhere." In Valuing Health. Oxford University PressNew York, 2024. http://dx.doi.org/10.1093/oso/9780197686287.003.0002.

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Abstract Standard cost-effectiveness analysis (CEA) states that people have constant returns to “health,” but the generalized risk-adjusted cost-effectiveness (GRACE) model introduces diminishing returns to health. This chapter first explores how the fundamental trade-off between consumption of market goods and services (“consumption”) and “health” arises, because all money spent on health care to improve health reduces consumption. It shows how the marginal rate of substitution between consumption and health is indeed the willingness to pay for health care and, fundamentally, how diminishing
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Phelps, Charles E., and Darius N. Lakdawalla. "The Total Value of Medical Interventions and the Trade-Off Between Quality of Life and Life Expectancy." In Valuing Health. Oxford University PressNew York, 2024. http://dx.doi.org/10.1093/oso/9780197686287.003.0004.

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Abstract Diminishing returns not only change ways to value health-related quality of life (QoL) gains but also change the proper way to combine QoL and life expectancy (LE) gains. With diminishing returns, people with lower QoL are more willing to trade gains in LE for gains in QoL than those with higher baseline QoL. This chapter introduces the total value of a medical intervention (TVMI), showing proper ways to combine QoL and LE gains using the marginal rate of substitution (MRS) between them and showing how the MRS changes with baseline QoL. Because the generalized risk-adjusted cost-effec
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Chikezie Ogbu, Cosmas. "Utilization and Conservation of Landrace Chickens of Nigeria: Physical and Performance Characteristics, Issues and Concerns." In Landraces - Traditional Variety and Natural Breed. IntechOpen, 2021. http://dx.doi.org/10.5772/intechopen.96580.

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The Nigerian indigenous chickens (NICs) are a critical component of the global animal genetic resources. They are distributed in rural areas, kept by the majority of the rural poor. They constitute different strains, or ecotypes local to tribes, regions, or ecological zones and are valued for their disease resistance, adaptation, and yield of valuable products and income on marginal inputs making them a low risk species. They are hence a unique and vital genetic resource and gene pool for present and long-term genetic improvement and human need for food and sustenance. The NIC is however; thre
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Koumaras, Harilaos, Charalampos Skianis, and Anastasios Kourtis. "Analysis and Modeling of H.264 Unconstrained VBR Video Traffic." In Innovations in Mobile Multimedia Communications and Applications. IGI Global, 2011. http://dx.doi.org/10.4018/978-1-60960-563-6.ch016.

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In future communication networks, video is expected to represent a large portion of the total traffic, given that especially variable bit rate (VBR) coded video streams, are becoming increasingly popular. Consequently, traffic modeling and characterization of such video services is essential for the efficient traffic control and resource management. Besides, providing an insight of video coding mechanisms, traffic models can be used as a tool for the allocation of network resources, the design of efficient networks for streaming services and the reassurance of specific QoS characteristics to t
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Conference papers on the topic "Marginal rate of resource substitution"

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Duthu, Ray C., and Thomas H. Bradley. "Evaluation of Increased Discretization of Real-Time Locational Marginal Prices on Customer-Optimized Distributed Generation." In ASME 2014 8th International Conference on Energy Sustainability collocated with the ASME 2014 12th International Conference on Fuel Cell Science, Engineering and Technology. American Society of Mechanical Engineers, 2014. http://dx.doi.org/10.1115/es2014-6617.

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This article presents an economic model for customer-owned and operated distributed generation facilities operated according to net metered, real-time pricing (RTP). Previous research has demonstrated that within traditional billing and rate structures customer-optimized distributed generation facilities create quantifiable losses for distribution and generation and transmission utilities. Using historical real-time pricing data available on the New England ISO website, a customer-optimized dispatch of distributed generation is constructed so that total consumer costs are minimized. The relati
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Maddulapalli, K., and S. Azarm. "Product Design Selection With Variability in Preferences for an Implicit Value Function." In ASME 2004 International Design Engineering Technical Conferences and Computers and Information in Engineering Conference. ASMEDC, 2004. http://dx.doi.org/10.1115/detc2004-57339.

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Many existing selection methods require that the Decision Maker (DM) state his/her preferences precisely. However, the DM may not have enough information about the needs of end users thus causing variability in the preferences. To address this problem, we present a method for selection that accounts for variability in the DM’s preferences. Our method is interactive and iterative and assumes only that the preferences of the DM reflect an implicit value function that is quasi-concave and non-decreasing with respect to attributes. Due to the variability, the DM states his/her preferences with a r
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Al Menhali, Helal, Ajay Kumar Samantray, Ahmed Alneaimi, et al. "Leveraging Strategic Lessons Learned from a Challenging Marginal Field Water Flood Development." In ADIPEC. SPE, 2023. http://dx.doi.org/10.2118/215977-ms.

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Abstract The case study relates to a marginal green field located in the shallow waters, offshore Abu Dhabi. The target reservoir consists of layered and heterogeneous Jurassic carbonates encountered at about 10,000ft subsea. The field is a four-way structural closure with about 26km2 area and 340ft structural relief, with a weak edge aquifer. The Development strategy was two-fold: 1. Early Production Scheme (EPS) with primary depletion, followed by Full Field Development (FFD) with water flood. Production commenced in March 2018 with natural depletion drive. As of March 2020, with just about
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Gamage, J. C. P. H., and E. R. K. Chandrathilaka. "Development of an optimum mix for paving blocks using waste steel slag and crushed tile waste as part replacement of aggregates." In Civil Engineering Research Symposium 2024. Department of Civil Engineering, University of Moratuwa, 2024. http://dx.doi.org/10.31705/cers.2024.31.

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In contemporary construction practices, paving blocks are essential for creating durable and aesthetically pleasing surfaces in urban and suburban areas, such as pedestrian walkways, driveways, and plazas. However, traditional paving blocks are often associated with considerable weight and high production costs, which can limit their widespread use and contribute to environmental degradation due to the extensive use of natural aggregates. This research aims to address these challenges by developing a lightweight and cost-effective mix design for eco-friendly paving blocks. The proposed design
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Parker, Marc A. "A Plan for Biomass Power Generation With Negative Carbon Emissions." In ASME 2021 Power Conference. American Society of Mechanical Engineers, 2021. http://dx.doi.org/10.1115/power2021-65822.

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Abstract Worldwide energy consumption is accelerating at an unprecedented rate while humanity comes to understand the effects of climate change. Renewable resources such as wind and solar supply more energy every year, but the overwhelming majority of energy consumed is still from fossil fuels. The transition to zero carbon emission sources is important, but carbon negative energy could also become necessary in ensuring a sustainable global environment and economy. The most technically and commercially viable carbon negative solution is biomass-fueled power generation with carbon capture and s
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Dure, Davis. "Avoiding Increased Trip Times and Other Operational Impacts When Implementing Positive Train Control." In 2010 Joint Rail Conference. ASMEDC, 2010. http://dx.doi.org/10.1115/jrc2010-36260.

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Implementing safety systems on railroads and transit systems to prevent collisions and the risks of excess speeds often come at the price of lengthened trip time, reduced capacity, or both. This paper will recommend a method for designing Positive Train Control (PTC) systems to avoid the degradation of operating speeds, trip times and line capacities which is a frequent by product of train-control systems. One of the more significant operational impacts of PTC is expected to be similar to the impacts of enforcing civil speed restrictions by cab signaling, which is that the safe-braking rate us
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Diyashev, I. R., and J. B. Spath. "Kaya Identity Guides Realistic Negative Emissions Goals and Sustainable Energy Strategies for Major European Nations." In SPE Europe Energy Conference and Exhibition. SPE, 2025. https://doi.org/10.2118/225635-ms.

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Abstract Objectives/Scope We outline a methodology for crafting a realistic energy transition scenario using existing and cost-effective negative emissions technologies. The social acceptance of the petroleum industry's benefits hinges on addressing the long-term greenhouse gas accumulation issue. We examine realistic solutions for achieving climate targets. Our secondary aim is educational. We are applying this methodology to teach student engineers at Texas A&M University, as well as practicing engineers, about negative emissions targets and realistic transition strategies. Methods, Proc
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Reports on the topic "Marginal rate of resource substitution"

1

Flood, Robert, and Andrew Rose. Estimating the Expected Marginal Rate of Substitution: Exploiting Idiosyncratic Risk. National Bureau of Economic Research, 2004. http://dx.doi.org/10.3386/w10805.

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