Sensitivity to Calibrated Parameters

A common approach to estimation of dynamic economic models is to calibrate a sub-set of model parameters and keep them fixed when estimating the remaining parameters. Calibrated parameters likely affect conclusions based on the model but estimation time often makes a systematic investigation of the sensitivity to calibrated parameters infeasible. I propose a simple and computationally low-cost measure of the sensitivity of parameters and other objects of interest to the calibrated parameters. In the main empirical application, I revisit the analysis of life-cycle savings motives in Gourinchas and Parker (2002) and show that some estimates are sensitive to calibrations.

A New Project for a Much More Diverse Moroccan Strategic Version: The Generalization of Solar Water Heater

This paper presents a strategical project for the new version of the Moroccan energy policy. It highlights the technology of solar water heaters (SWH), studying energy, economic and environmental gains of SWH generalization to satisfy the total resident need proposing a new strategic version diversified in terms of adopted technologies (more than green electricity). A detailed analysis of thermal performances and economic profitability of direct thermosyphon solar water heaters (TSWH) for residential requirements in Morocco. The optimum design parameters were defined and investigated using the dynamic TRNSYS simulation program. The optimum system was simulated under the six climatic conditions of Morocco in order to assess the related performances in terms of the collector efficiency and solar fraction. The major finding of this work is that large-scale integration of TSWH into Moroccan residences could provide up to 70% of thermal energy loads. An economic study was also developed to predict the life-cycle savings generated by the generalization of this technology in Morocco for all residential building’s categories. Approximately 1250 million USD as national saving on the total energy bill can be achieved. The environmental effects were also assessed to achieve the aims of this work and to evaluate the CO2 emissions avoided due to this environmentally friendly solution.

Economic Analysis and Performance of PV Plants: An Application in Kurdistan Region of Iraq

In this study, photovoltaic (PV) technology development over the years is reviewed. The use of PV power plants to solve inadequate power supply in Kurdistan is also analysed. PV power application is one of the most developed renewable energy applications but still not commercialized in somw countries. In this paper, three different locations will be evaluated in Kurdistan for PV plant installation. The research will investigate the best location for PV plant installation in Kurdistan, check the viability of the proposed plants and compare the performance of a fixed and a double axis tracking system. A 10 MW PV plant is developed and simulated based on economic terms. The results from the analysis shows that the simple payback period for a 10 MW PV plant in all the locations considered is between 6.8 and 7.2 years. Also, the installation with two-axis tracking system gave the lowest simple payback period (6.8 years). The PV plant is viable considering other economic indicators like; IRR, NPV, annual life cycle savings and BCR. The yearly savings of the system for one of the locations considered is US$1,573,327 with a dual axis tracking system. ©2019. CBIORE-IJRED. All rights reserved