scholarly journals An Evaluation of the Use of Simulated Annealing to Optimize Thinning Rates for Single Even-Aged Stands

2015 ◽  
Vol 2015 ◽  
pp. 1-15 ◽  
Author(s):  
Kai Moriguchi ◽  
Tatsuhito Ueki ◽  
Masashi Saito

We evaluated the potential of simulated annealing as a reliable method for optimizing thinning rates for single even-aged stands. Four types of yield models were used as benchmark models to examine the algorithm’s versatility. Thinning rate, which was constrained to 0–50% every 5 years at stand ages of 10–45 years, was optimized to maximize the net present value for one fixed rotation term (50 years). The best parameters for the simulated annealing were chosen from 113patterns, using the mean of the net present value from 39 runs to ensure the best performance. We compared the solutions with those from coarse full enumeration to evaluate the method’s reliability and with 39 runs of random search to evaluate its efficiency. In contrast to random search, the best run of simulated annealing for each of the four yield models resulted in a better solution than coarse full enumeration. However, variations in the objective function for two yield models obtained with simulated annealing were significantly larger than those of random search. In conclusion, simulated annealing with optimized parameters is more efficient for optimizing thinning rates than random search. However, it is necessary to execute multiple runs to obtain reliable solutions.

2020 ◽  
Vol 143 (2) ◽  
Author(s):  
Mokhtar Ghodbane ◽  
Evangelos Bellos ◽  
Zafar Said ◽  
Boussad Boumeddane ◽  
Abderrahmane Khechekhouche ◽  
...  

Abstract The objective of this paper is the investigation of the annual performance of a solar power plant with linear Fresnel reflectors in the El-Oued region at Algeria. The solar collectors produce water steam that feeds a turbine to produce electricity. The System Advisor Model (sam) tool is used for simulation. The mean net daily electricity production rate from 8:30 am to 5:30 pm is 48 MWe, and the respective annual production is 210,336 MWh/year. The mean daily optical efficiency of the solar field was close to 52%, while the mean thermal efficiency was about 39%. The net daily cycle efficiency is found to be 24%. The net capital cost of the examined system is $393 million, and the developer net present value is $47 million; the investor net present value is $15 million, the entire period of capital recovery is 11 years, and the levelized cost of electricity is 0.0382 $/kWh. The solar power plant leads to the yearly avoidance of 420,672 tons carbon dioxide emissions (operational cost savings of $6.1 million). Based on the obtained results, linear Fresnel reflectors can be used to achieve satisfying, energetic, financial, and environmental performance that can lead to sustainability.


2020 ◽  
Author(s):  
Bernard Dusseault ◽  
Philippe Pasquier

<p>The design by optimization of hybrid ground-coupled heat pump (Hy-GCHP) systems is a complex process that involves dozens of parameters, some of which cannot be known with absolute certainty. Therefore, designers face the possibility of under or oversizing Hy-GCHP systems as a result of those uncertainties. Of course, both situations are undesirable, either raising upfront costs or operating costs. The most common way designers try to evaluate their impacts and prepare the designs against unforeseen conditions is to use sensitivity analyses, an operation that can only be done after the sizing.</p><p>Traditional stochastic methods, like Markov chain Monte Carlo, can handle uncertainties during the sizing, but come at a high computational price paid for in millions of simulations. Considering that individual simulation of Hy-GCHP system operation during 10 or 20 years can range between seconds and minutes, millions of simulations are therefore not a realistic approach for design under uncertainty. Alternative stochastic design methodologies are exploited in other fields with great success that do not require nearly as many simulations. This is the case for the conditional-value-at-risk (CVaR) in the financial sector and for the net present value-at-risk (NPVaR) in civil engineering. Both financial indicators are used as objective functions in their respective fields to consider uncertainties. To do that, they involve distributions of uncertain parameters but only focus on the tail of distributions. This results in quicker optimizations but also in more conservative designs. This way, they remain profitable even when faced with extremely unfavorable conditions.</p><p>In this work, we adapt the NPVaR to make the sizing of Hy-GCHP systems under uncertainties viable. The mixed-integer non-linear optimization algorithm used jointly with the NPVaR, the Hy-GCHP simulation algorithm and the g-function assessment methods used are presented broadly, all of which are validated in this work or in referenced publications. The way in which the NPVaR is implemented is discussed, more specifically how computation time can be further reduced using a clever implementation without sacrificing its conservative property. The implications of using the NPVaR over a deterministic algorithm are investigated during a case study that revolves around the design of an Hy-GCHP system in the heating-dominated environment of Montreal (Canada). Our results show that over 1000 experiments, a design sized using the NPVaR has an average return on investment of 126,829 $ with a standard deviation of 18,499 $ while a design sized with a deterministic objective function yields 137,548 $ on average with a standard deviation of 33,150 $. Furthermore, the worst returns in both cases are respectively 35,229 $ and -32,151 $. This shows that, although slightly less profitable on average, the NPVaR is a better objective function when the concern is about avoiding losses rather than making a huge profit.</p><p>In that regard, since HVAC is usually considered a commodity rather than an investment, we believe that a more financially stable and predictable objective function is a welcome addition in the toolbox of engineers and professionals alike that deal with the design of expensive systems such as Hy-GCHP.</p>


2007 ◽  
Vol 37 (11) ◽  
pp. 2188-2200 ◽  
Author(s):  
Tero Heinonen ◽  
Timo Pukkala

This study presents an optimization method based on cellular automaton (CA) for solving spatial forest planning problems. The CA maximizes stand-level and neighbourhood objectives locally, i.e., separately for different stands or raster cells. Global objectives are dealt with by adding a global part to the objective function and gradually increasing its weight until the global targets are met to a required degree. The method was tested in an area that consisted of 2500 (50 × 50) hexagons 1 ha in size. The CA was used with both parallel and sequential state-updating rules. The method was compared with linear programming (LP) in four nonspatial forest planning problems where net present value (NPV) was maximized subject to harvest constraints. The CA solutions were within 99.6% of the LP solutions in three problems and 97.9% in the fourth problem. The CA was compared with simulated annealing (SA) in three spatial problems where a multiobjective utility function was maximized subject to periodical harvest and ending volume constraints. The nonspatial goal was the NPV and the spatial goals were old forest and cutting area aggregation as well as dispersion of regeneration cuttings. The CA produced higher objective function values than SA in all problems. Especially, the spatial objective variables were better in the CA solutions, whereas differences in NPV were small. There were no major differences in the performance of the parallel and sequential cell state-updating modes of the CA.


2008 ◽  
Vol 37 (2) ◽  
pp. 188-203 ◽  
Author(s):  
Elizabeth R. Leuer ◽  
Jeffrey Hyde ◽  
Tom L. Richard

A stochastic capital budget was used to analyze the effect of net metering policies and carbon credits on profitability of anaerobic digesters on dairy farms in Pennsylvania. We analyzed three different farm sizes—500, 1, 000, and 2,000 cows—and considered the addition of a solids separator to the project. Results indicate that net metering policies and carbon credits increase the expected net present value (NPV) of digesters. Moreover, the addition of a solids separator further increases the mean NPV of the venture. In general, the technology is profitable only for very large farms (1, 000+ cows) that use the separated solids as bedding material.


Forests ◽  
2018 ◽  
Vol 9 (12) ◽  
pp. 750 ◽  
Author(s):  
Anssi Ahtikoski ◽  
Jouni Siipilehto ◽  
Hannu Salminen ◽  
Mika Lehtonen ◽  
Jari Hynynen

This study presents an attempt to discover the effect of sample size on the financial outcome derived by stand-level optimization with individual tree modeling. The initial stand structure was altered to reflect sparse, average, and dense Scots pine (Pinus sylvestris L.) stands. The stands had varying numbers of stems but identical weighted median diameters and stand basal areas. The hypothetical Weibull diameter distributions were solved according to the parameter recovery method. The trees were systematically sampled with respect to the tree basal area corresponding to sample sizes of 10, 20, or 40 trees. We optimized the stand management with varying numbers of sample trees and with varying stand structures and compared the optimal solutions with respect to the objective function value (maximum net present value) and underlying management schedule. The results for the pine stands in southern and central Finland indicated that the variations in the objective function value relating to sample size were minor (<2.6%) in the sparse and average stand densities but exceeded 3% in the dense stands. Generally, the stand density is not always known, and thus, we may need to generalize the average density for all cases in question. This assumption, however, resulted in overestimations with respect to the optimal rotation period and financial performance in this study. The overestimations in the net present value decreased along with the increasing sample size, from 22% to 14% in the sample sizes of 10 and 40 trees, respectively.


1994 ◽  
Vol 5 (3) ◽  
pp. 195-205 ◽  
Author(s):  
Chris Hope

This paper investigates the costs and benefits of a modest nuclear power programme in the European Union to combat the threat of global warming. The nuclear programme is found to bring a double benefit. The first and more obvious benefit is that the economic impacts of global warming are reduced. The second benefit is counter-intuitive; most people would expect it to be a cost. It comes from the stimulus to the economy from the construction of the nuclear plant, which, with the recycling of carbon tax revenues, offsets its construction and operating costs, and may even cause consumers' expenditure to rise. Calculations in this paper show that over the period to 2100 the mean net present value of the first benefit is 6 billion European Currency Units (ECU; 1 ECU is about $1), while the second benefit has a mean net present value of 158 billion ECU. However both benefits, particularly the second, are still very uncertain, to the extent that even their sign is not yet definitely established.


2021 ◽  
Vol 168 (3-4) ◽  
Author(s):  
R. Warren ◽  
C. Hope ◽  
D. E. H. J. Gernaat ◽  
D. P. Van Vuuren ◽  
K. Jenkins

AbstractWe quantify global and regional aggregate damages from global warming of 1.5 to 4 °C above pre-industrial levels using a well-established integrated assessment model, PAGE09. We find mean global aggregate damages in 2100 of 0.29% of GDP if global warming is limited to about 1.5 °C (90% confidence interval 0.09–0.60%) and 0.40% for 2 °C (range 0.12–0.91%). These are, respectively, 92% and 89% lower than mean losses of 3.67% of GDP (range 0.64–10.77%) associated with global warming of 4 °C. The net present value of global aggregate damages for the 2008–2200 period is estimated at $48.7 trillion for ~ 1.5 °C global warming (range $13–108 trillion) and $60.7 trillion for 2 °C (range $15–140 trillion). These are, respectively, 92% and 90% lower than the mean NPV of $591.7 trillion of GDP for 4 °C warming (range $70–1920 trillion). This leads to a mean social cost of CO2 emitted in 2020 of ~ $150 for 4 °C warming as compared to $30 at ~ 1.5 °C warming. The benefits of limiting warming to 1.5 °C rather than 2 °C might be underestimated since PAGE09 is not recalibrated to reflect the recent understanding of the full range of risks at 1.5 °C warming.


2016 ◽  
Vol 12 (2) ◽  
pp. 113
Author(s):  
Wahdah Wahdah ◽  
Emmy Sri Mahreda ◽  
Emmy Lilimantik

This research aimed to (1) analyze the market opportunity of the giant featherback crackers processing business in Barito Kuala Regency; (2) analyze the profit of the giant featherback crackers processing business in Barito Kuala Regency; and (3) analyze the investment feasibility of the giant featherback crackers processing business in Barito Kuala Regency.     This research was carried out in Bahalayung and Lapasan Villages, Bakumpai District, Barito Kuala Regency, South Kalimantan, with the objects of the giant featherback crackers processors. The data that was collected was the data that directly originated from results of observation in the location of the research, and the other supporting data was related to the object of the research. Results of the research showed that the demand of the giant featherback crackers in Barito Kuala Regency was about 36 ton per the year, with the mean supply of the giant featherback crackers was about 6 ton per the year, so that the giant featherback crackers processing business still owned the market opportunity as many as 30 tons per the year. The giant featherback crackers processing business could give the profit about Rp.6,893,000 - Rp.12,930,000 per the year or about Rp.19,147 - Rp.21,550 per kg with the production about 360 - 600 kg.  The giant featherback crackers processing business in Barito Kuala Regency was profitable and feasible to be carried on, considering the Net Present Value was positive and the Net BCR that more than one, as well as the business was still beneficial was limited by the interest did not reach 137% with the period of the return of investment till 0.71 years (faster than the project period during five years).


2017 ◽  
Vol 2 (1) ◽  
pp. 21-30
Author(s):  
Muhammad Jamil ◽  
Januari Frizki Bella

Adapun tujuan dari Penelitian ini adalah untuk mengetahui kelayakan usaha industri pengolahan kecap Aneka Guna apabila dilihat dari segi kelayakan finansial. Penelitian ini menggunakan metode studi kasus. Lokasi penelitian yaitu di Kota Langsa dengan pertimbangan bahwa lokasi tersebut merupakan daerah yang terdapat industri pengolahan kecap asin dan mudah di jangkau oleh penulis. Waktu penelitian dilaksanakan pada Bulan Juni - Oktober 2014. Tenaga kerja yang digunakan berjumlah 27 orang, 20 tenaga kerja pria dan 7 orang tenaga kerja wanita. Jumlah penggunaan tenaga kerja selama 5 tahun sebesar 3759 HKP. Total biaya produksi yang dikeluarkan oleh pengusaha dalam usaha pembuatan kecap didaerah penelitian selama 5 tahun adalah Rp. 2.076.988.000,-. Pendapatan kotor yang diperoleh pengusaha sebesar Rp. 8.199.690.000,- dan pendapan bersih yang diperoleh sebesar Rp. 6.122.702.000,-                 Kota Langsa hanya memiliki 1 pengusaha pengolahan kecap asin dan dijadikan sebagai pengusaha sampel yaitu usaha industri pengolahan kecap asin Aneka Guna. Hasil perhitungan di peroleh Net Present Value (NPV) sebesar Rp. 263.281.290 (lebih besar dari nol), sedangkan Internal Rate of Return (IRR) sebesar 84% lebih besar dari tingkat bunga yang berlaku (D.F. = 18%), sedangkan Net B/C Ratio sebesar 3,27 (lebih dari pada 1) dan Pay Back Priod (PBP) 1 Tahun 6 Bulan (lebih kecil dari umur ekonomis).  


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