Sludge and transaction costs

Shahab, Sina; Lades, Leonhard K.

doi:10.1017/bpp.2021.12

Cited by 38 publications

(34 citation statements)

References 79 publications

(118 reference statements)

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“…The capital cost model can be divided into four main parts: (a) turbine system cost, (b) network connection cost, (c) civil work cost, and (d) other costs, including engineering permits, consultancy, transactions, and monitoring systems [46,[58][59][60][61][62].…”

Section: Capital Cost Model and Its Correction Factormentioning

confidence: 99%

Intelligent Optimized Wind Turbine Cost Analysis for Different Wind Sites in Jordan

Al-Quraan

Al-Mhairat

2022

Sustainability

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Choosing the right wind site and estimating the extracted energy of the wind turbines are essential to successfully establishing a wind farm in a specific wind site. In this paper, a method for estimating the extracted energy of the wind farms using several mathematical models is proposed. The estimating method, which was based on five wind turbines, Q1, Q2, Q3, Q4, and Q5 and three wind distribution models, gamma, Weibull, and Rayleigh, was used to suggest suitable specifications of a wind turbine for a specific wind site and maximize the extracted energy of the proposed wind farm. An optimization problem, developed for this purpose, was solved using the whale optimization algorithm (WOA). The suggested method was tested using several potential wind sites in Jordan. The proposed wind farms at these sites achieved the maximum extracted energy, maximum capacity factor (CF), and minimum levelized cost of energy (LCoE) based on the solution of the developed optimization problem. The developed model with Q3 and the Rayleigh distribution function was validated with real measurement data from several wind farms in Jordan. Error analysis showed that the difference between the measured and estimated energy was less than 20%. The study validated the provided model, which can now be utilized routinely for the assessment of wind energy potential at a specific wind site.

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Section: Capital Cost Model and Its Correction Factormentioning

confidence: 99%

Intelligent Optimized Wind Turbine Cost Analysis for Different Wind Sites in Jordan

Al-Quraan

Al-Mhairat

2022

Sustainability

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“…It should be noted that costs other than these cost factors are also incurred in a supply chain operation. This paper assumes that the other transaction costs are insignificant, and they are thus not included in the contract decision process (see [39,40] for literature on transaction costs in more detail). We now explain how we can build a contract to secure an appropriate level of capacity.…”

Section: Basic Model Of the Supply Contractmentioning

confidence: 99%

A Capacity Cost-Sharing Contract for a Two-Stage Supply Chain with a Risk-Averse Supplier under a Bargaining Power

Koo

2022

Sustainability

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This study considers a two-stage supply chain (SC) consisting of a single supplier and a manufacturer. When the manufacturer introduces a new product to the market, both the manufacturer and supplier should install production capacity in advance. Since capacity building often takes a long time, the demand is uncertain at the time of capacity decision making. The supplier often makes a conservative decision on capacity building to avoid possible capital risks due to excess capacity, which leads to the so-called double marginalization problem. Various risk-sharing supply contracts have recently been studied in academia to overcome the double marginalization problem. However, most existing studies ignore the bargaining power of each SC member and capacity investment. This study aims to fill the research gap by including capacity investment and bargaining power in the supply contract process. A capacity cost-sharing (CCS) contract is introduced in which the manufacturer shares the supplier’s capacity investment risk. We investigate how to set the contract parameters in the CCS contract to coordinate the supply chain. It is found that the wholesale price and manufacturer’s CCS ratio are negatively proportional to each other, and the manufacturer’s expected profit increases as the CCS ratio (wholesale price) increases (decreases) in the coordinated CCS contract. We show that there exists a CCS contract leading to a coordinated supply chain for a specific range of bargaining power. We also present a new CCS contract for a supply chain with a risk-averse supplier. A numerical illustration is provided to clarify how the contract parameters are determined and to examine the effect of the contract parameters on SC performance. Managerial implications and possible future work are discussed.

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“…Shahab et al (2018a) concluded that gaining a better understanding of the size of transaction costs in planning policy instruments and their distribution among parties involved can help planners to design and implement such instruments in a more effective, efficient, and equitable manner. Reducing transaction costs of planning processes and policies is important because high transaction costs, on the one hand, can have considerable impact on the efficiency and equity of any policy and, on the other hand, they may discourage people from participating in a policy, thereby reducing the efficacy of the policy itself (Shahab and Lades 2021).…”

Section: Transaction-cost Studies In Planning Literaturementioning

confidence: 99%

Transaction Costs in Planning Literature: A Systematic Review

Shahab

2021

Journal of Planning Literature

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“Transaction costs,” as a well-established theory in New Institutional Economics, has been used to explain and analyze various planning matters for about 30 years since its introduction to planning literature. However, there is no study on how planning-related studies have utilized the theory. This paper conducts a systematic review that aims to develop a better understanding of how transaction-cost theory is used in planning literature. The review shows that while potential contributions and implications of transaction costs have been conceptually discussed in planning literature, the empirical studies have remained limited, particularly concerning the magnitude of such costs in planning systems.

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Sludge and transaction costs

Cited by 38 publications

References 79 publications

Intelligent Optimized Wind Turbine Cost Analysis for Different Wind Sites in Jordan

Intelligent Optimized Wind Turbine Cost Analysis for Different Wind Sites in Jordan

A Capacity Cost-Sharing Contract for a Two-Stage Supply Chain with a Risk-Averse Supplier under a Bargaining Power

Transaction Costs in Planning Literature: A Systematic Review

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