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12 pages, 429 KiB  
Review
The Power of Numerical Indicators in Predicting Bankruptcy: A Systematic Review
by Dimitrios Billios, Dimitra Seretidou and Antonios Stavropoulos
J. Risk Financial Manag. 2024, 17(10), 433; https://doi.org/10.3390/jrfm17100433 (registering DOI) - 28 Sep 2024
Abstract
This paper systematically reviews the behavior of numerical indicators in predicting future bankruptcy of companies through statistical analysis models. Following the PRISMA standard, ten primary studies were included in the review. The obtained results underline (1) the ability of numerical indicators, through simple [...] Read more.
This paper systematically reviews the behavior of numerical indicators in predicting future bankruptcy of companies through statistical analysis models. Following the PRISMA standard, ten primary studies were included in the review. The obtained results underline (1) the ability of numerical indicators, through simple statistical analysis models, to forecast the bankruptcy of businesses and companies and (2) the reliability of cash flows in predicting financial distress through statistical analysis, and (3) models are built with indicators from a specific economy; it is impossible to consider them stable and unchanging, as changes in a country’s economic conditions can potentially impact their predictive accuracy. Full article
(This article belongs to the Section Business and Entrepreneurship)
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17 pages, 11505 KiB  
Article
Retrieval and Comparison of Multi-Satellite Polar Ozone Data from the EMI Series Instruments
by Kaili Wu, Ziqiang Xu, Yuhan Luo, Qidi Li, Kai Yu and Fuqi Si
Remote Sens. 2024, 16(19), 3619; https://doi.org/10.3390/rs16193619 (registering DOI) - 28 Sep 2024
Viewed by 46
Abstract
The Environmental Trace Gases Monitoring Instrument (EMI) series are second-generation Chinese spectrometers on board the GaoFen-5 (GF-5) and DaQi-1 (DQ-1) satellites. In this study, a comparative analysis of EMI series data was conducted to determine the daily trend of ozone concentration changes owing [...] Read more.
The Environmental Trace Gases Monitoring Instrument (EMI) series are second-generation Chinese spectrometers on board the GaoFen-5 (GF-5) and DaQi-1 (DQ-1) satellites. In this study, a comparative analysis of EMI series data was conducted to determine the daily trend of ozone concentration changes owing to different transit times and to improve the overall quality and reliability of EMI series datasets. The daily EMI total ozone column (TOC) obtained using the Differential Optical Absorption Spectroscopy (DOAS) method were compared to vertical column density (VCD) gathered by the TROPOspheric Monitoring Instrument (TROPOMI). The results from October to November 2023 indicated a fine correlation (R = 0.98) between the daily EMI series data and a fine correlation (R ≥ 0.95) and spatial distribution closely resembling that of the TROPOMI TOCs. Furthermore, the EMI series data fusion results were highly correlated with TROPOMI TOCs (R = 0.99). Since the EMI series instruments had two different overpass times and the volume of available data at same pixel was increased by approximately three-fold, the temporal and spatial resolution was improved a lot. The results indicated that, compared to a single sensor, the EMI series DOAS TOCs generated more accurate and stable global TOC results and also enabled looking at the changes in the intraday TOCs. These outcomes highlight the potential of the EMI instruments for reliably monitoring the ozone variations in polar regions. Full article
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15 pages, 3159 KiB  
Article
The Performance of Partial Least Squares Methods in Virtual Nanosensor Array—Multiple Metal Ions Sensing Based on Multispectral Fluorescence of Quantum Dots
by Klaudia Głowacz, Mikołaj Cieślak and Patrycja Ciosek-Skibińska
Materials 2024, 17(19), 4766; https://doi.org/10.3390/ma17194766 (registering DOI) - 28 Sep 2024
Viewed by 63
Abstract
The design of chemical sensors and probes is usually based on selective receptors for individual analytes, however, many analytical tasks are dedicated to multi-analyte sensing or recognizing properties of the sample related to more than one analyte. While it is possible to simultaneously [...] Read more.
The design of chemical sensors and probes is usually based on selective receptors for individual analytes, however, many analytical tasks are dedicated to multi-analyte sensing or recognizing properties of the sample related to more than one analyte. While it is possible to simultaneously use multiple sensors/receptors in such cases, multi-responsive probes could be an attractive alternative. In this work, we use thiomalic acid-capped CdTe quantum dots as a multiple-response receptor for the detection and quantification of six heavy metal cations: Ag(I), Cd(II), Co(II), Cu(II), Ni(II), and Pb(II) at micromolar concentration levels. Multiplexing is realized via multispectral fluorescence (so-called virtual sensor array). For such a sensing strategy, the effective decoding of the excitation–emission spectrum is essential. Herein, we show how various parameters of chemometric analysis by the Partial Least Squares method, such as preprocessing type and data structure, influence the performance of discrimination and quantification of the heavy metals. The established models are characterized by respective performance metrics (accuracy, sensitivity, precision, specificity/RMSE, a, b, R2) determined for both train and test sets in replicates, to obtain reliable and repeatable results. Full article
(This article belongs to the Section Materials Chemistry)
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22 pages, 5749 KiB  
Article
DCW-YOLO: An Improved Method for Surface Damage Detection of Wind Turbine Blades
by Li Zou, Anqi Chen, Chunzi Li, Xinhua Yang and Yibo Sun
Appl. Sci. 2024, 14(19), 8763; https://doi.org/10.3390/app14198763 (registering DOI) - 28 Sep 2024
Viewed by 103
Abstract
Wind turbine blades (WTBs) are prone to damage from their working environment, including surface peeling and cracks. Early and effective detection of surface defects on WTBs can avoid complex and costly repairs and serious safety hazards. Traditional object detection methods have disadvantages of [...] Read more.
Wind turbine blades (WTBs) are prone to damage from their working environment, including surface peeling and cracks. Early and effective detection of surface defects on WTBs can avoid complex and costly repairs and serious safety hazards. Traditional object detection methods have disadvantages of insufficient detection capabilities, extended model inference times, low recognition accuracy for small objects, and elongated strip defects within WTB datasets. In light of these challenges, a novel model named DCW-YOLO for surface damage detection of WTBs is proposed in this research, which leverages image data collected by unmanned aerial vehicles (UAVs) and the YOLOv8 algorithm for image analysis. Firstly, Dynamic Separable Convolution (DSConv) is introduced into the C2f module of YOLOv8, allowing the model to more effectively focus on the geometric structural details associated with damage on WTBs. Secondly, the upsampling method is replaced with the content-aware reassembly of features (CARAFE), which significantly minimizes the degradation of image characteristics throughout the upsampling process and boosts the network’s ability to extract features. Finally, the loss function is substituted with the WIoU (Wise-IoU) strategy. This strategy allows for a more accurate regression of the target bounding boxes and helps to improve the reliability in the localization of WTBs damages, especially for low-quality examples. This model demonstrates a notable superiority in surface damage detection of WTBs compared to the original YOLOv8n and has achieved a substantial improvement in the [email protected] metric, rising from 91.4% to 93.8%. Furthermore, in the more rigorous [email protected]–0.95 metric, it has also seen an increase from 68.9% to 71.2%. Full article
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29 pages, 9757 KiB  
Article
Real-Time Co-Simulation Implementation for Voltage and Frequency Regulation in Standalone AC Microgrid with Communication Network Performance Analysis across Traffic Variations
by Ola Ali and Osama A. Mohammed
Energies 2024, 17(19), 4872; https://doi.org/10.3390/en17194872 (registering DOI) - 28 Sep 2024
Viewed by 97
Abstract
Effective communication networks are crucial for ensuring reliable and stable operation and control in smart microgrids (MGs). This paper proposes a comprehensive analysis of the interdependence between power and communication networks in the real-time control of a standalone AC microgrid to address this [...] Read more.
Effective communication networks are crucial for ensuring reliable and stable operation and control in smart microgrids (MGs). This paper proposes a comprehensive analysis of the interdependence between power and communication networks in the real-time control of a standalone AC microgrid to address this vital need. Thus, the role of communication network design is emphasized in facilitating an effective centralized secondary control to regulate the voltage and frequency of an MG. Consequently, voltage and frequency deviations from the droop-based primary control should be eliminated. This study employs a real-time co-simulation testbed setup that integrates OPAL-RT and network simulator (ns-3), supporting a rigorous evaluation of the interplay between the communication networks and control within the MG. Experiments have been conducted to demonstrate the effectiveness of the designed communication infrastructure in seamlessly enabling real-time data exchange among the primary and secondary control layers. Testing scenarios have been implemented, encompassing low-traffic patterns with minimal load variations and high traffic characterized by more frequent and severe load changes. The experimental results highlight the significant impact of traffic variations on communication network performance. Despite the increase in traffic, the effectiveness and reliability of the designed communication network have been validated, underscoring the vital role of communication in ensuring the resilient and stable operation of cyber–physical standalone AC microgrids. Full article
(This article belongs to the Special Issue Advances in Renewable Energy Power Forecasting and Integration)
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11 pages, 294 KiB  
Article
Psychometric Properties of the PLAYself in a Cohort of Secondary School Student-Athletes
by Monica R. Lininger and Hayley J. Root
Int. J. Environ. Res. Public Health 2024, 21(10), 1294; https://doi.org/10.3390/ijerph21101294 (registering DOI) - 28 Sep 2024
Viewed by 154
Abstract
Background: Physical literacy is the motivation, confidence, physical competence, knowledge, and understanding, enabling individuals to value and take responsibility for engagement in physical activities for life. While tools exist to measure physical literacy in most populations, the psychometric properties of the Physical Literacy [...] Read more.
Background: Physical literacy is the motivation, confidence, physical competence, knowledge, and understanding, enabling individuals to value and take responsibility for engagement in physical activities for life. While tools exist to measure physical literacy in most populations, the psychometric properties of the Physical Literacy Assessment for Youth (PLAY) tool in an older adolescent age group are currently unknown. The purpose of this work was to determine the psychometric properties of the PLAY tool, specifically the PLAYself, in an older adolescent age group (~14–18 years). Methods: One hundred and fifty-one secondary school in-season student-athletes completed the PLAYself, with construct validity assessed using an Exploratory Factor Analysis (EFA). Results: Results from the EFA yielded a 7-factor model across the three subsections (environment, physical literacy self-description, relative rankings of literacies) of the PLAYself, all with acceptable levels of internal consistency. Conclusions: The PLAYself produced acceptable estimates for construct validity and reliability, making it a useful tool for measuring physical literacy in secondary school student-athletes. Full article
25 pages, 1757 KiB  
Article
The Forecasting Model of the Impact of Shopping Centres in Urban Areas on the Generation of Traffic Demand
by Miladin Rakić, Vuk Bogdanović, Nemanja Garunović, Milja Simeunović, Željko Stević and Dunja Radović Stojčić
Appl. Sci. 2024, 14(19), 8759; https://doi.org/10.3390/app14198759 (registering DOI) - 28 Sep 2024
Viewed by 179
Abstract
The increase in traffic caused by new development affects the change in traffic conditions on the surrounding roads, and shopping centres are significant traffic generators. The development of local travel generation rates and their characteristics for individual land uses from the aspect of [...] Read more.
The increase in traffic caused by new development affects the change in traffic conditions on the surrounding roads, and shopping centres are significant traffic generators. The development of local travel generation rates and their characteristics for individual land uses from the aspect of traffic demand is a reliable way to plan traffic in order to come up with preventive solutions to traffic problems, that is, prevention of possible negative consequences on traffic conditions in the street network occurring due to the construction of shopping centres. One of the main aims of this paper is to develop a model for objective assessment of the generated traffic demand for significant changes in land use, such as the construction of shopping centres in medium-sized towns. All these would be steps in the right direction for the promotion of reliable traffic planning and adoption of TIA for every new development before a decision regarding the change in land purpose has been made. This kind of process still has not been established systematically in either Bosnia and Herzegovina and the Republic of Serbia, or in surrounding countries. This paper focuses on the formulation of a model for determining the volume of traffic generated by shopping centres in medium-sized towns in two countries of the Southeast Europe region. The survey was conducted in eight different locations (cities) where there are shopping centres with common facilities. The analysis showed that the number of visitors and vehicles attracted by the shopping centre zone can be determined by a model based on a linear regression analysis. The analysis included exploring several different factors of trip generation in shopping centres, including the relationship between trip generation and combinations of several independent variables. The verification of the model was conducted in real conditions of the traffic flow generated by a shopping centre which was not the analysis subject when forming the forecasting model. In this way, the validity of the proposed model is credibly assessed. The developed model can be applied in the procedures of planning the construction of shopping centres in medium-sized cities in the Republic of Serbia and Bosnia and Herzegovina, and wider, in the region of Southeast Europe, in order to estimate the volume of generated traffic demand, that is, its impact on the conditions of traffic on the surrounding traffic network. Full article
(This article belongs to the Special Issue Traffic Emergency: Forecasting, Control and Planning)
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17 pages, 568 KiB  
Article
Mitigating Multicollinearity in Regression: A Study on Improved Ridge Estimators
by Nadeem Akhtar, Muteb Faraj Alharthi and Muhammad Shakir Khan
Mathematics 2024, 12(19), 3027; https://doi.org/10.3390/math12193027 - 27 Sep 2024
Viewed by 241
Abstract
Multicollinearity, a critical issue in regression analysis that can severely compromise the stability and accuracy of parameter estimates, arises when two or more variables exhibit correlation with each other. This paper solves this problem by introducing six new, improved two-parameter ridge estimators (ITPRE): [...] Read more.
Multicollinearity, a critical issue in regression analysis that can severely compromise the stability and accuracy of parameter estimates, arises when two or more variables exhibit correlation with each other. This paper solves this problem by introducing six new, improved two-parameter ridge estimators (ITPRE): NATPR1, NATPR2, NATPR3, NATPR4, NATPR5, and NATPR6. These ITPRE are designed to remove multicollinearity and improve the accuracy of estimates. A comprehensive Monte Carlo simulation analysis using the mean squared error (MSE) criterion demonstrates that all proposed estimators effectively mitigate the effects of multicollinearity. Among these, the NATPR2 estimator consistently achieves the lowest estimated MSE, outperforming existing ridge estimators in the literature. Application of these estimators to a real-world dataset further validates their effectiveness in addressing multicollinearity, underscoring their robustness and practical relevance in improving the reliability of regression models. Full article
(This article belongs to the Special Issue Application of Regression Models, Analysis and Bayesian Statistics)
14 pages, 640 KiB  
Article
The Uprise of Human Leishmaniasis in Tuscany, Central Italy: Clinical and Epidemiological Data from a Multicenter Study
by Anna Barbiero, Michele Spinicci, Andrea Aiello, Martina Maruotto, Roberta Maria Antonello, Giuseppe Formica, Matteo Piccica, Patrizia Isola, Eva Maria Parisio, Maria Nardone, Silvia Valentini, Valentina Mangano, Tamara Brunelli, Loria Bianchi, Filippo Bartalesi, Cecilia Costa, Margherita Sambo, Mario Tumbarello, Spartaco Sani, Silvia Fabiani, Barbara Rossetti, Cesira Nencioni, Alessandro Lanari, Donatella Aquilini, Giulia Montorzi, Elisabetta Venturini, Luisa Galli, Giada Rinninella, Marco Falcone, Federica Ceriegi, Francesco Amadori, Antonella Vincenti, Pierluigi Blanc, Iacopo Vellere, Danilo Tacconi, Sauro Luchi, Sara Moneta, Daniela Massi, Michela Brogi, Fabio Voller, Fabrizio Gemmi, Gian Maria Rossolini, Maria Grazia Cusi, Fabrizio Bruschi, Alessandro Bartoloni and Lorenzo Zammarchiadd Show full author list remove Hide full author list
Microorganisms 2024, 12(10), 1963; https://doi.org/10.3390/microorganisms12101963 - 27 Sep 2024
Viewed by 249
Abstract
Human leishmaniasis is facing important epidemiological changes in Southern Europe, driven by increased urbanization, climate changes, emerging of new animal reservoirs, shifts in human behavior and a growing population of immunocompromised and elderly individuals. In this evolving epidemiological landscape, we analyzed the clinical [...] Read more.
Human leishmaniasis is facing important epidemiological changes in Southern Europe, driven by increased urbanization, climate changes, emerging of new animal reservoirs, shifts in human behavior and a growing population of immunocompromised and elderly individuals. In this evolving epidemiological landscape, we analyzed the clinical and epidemiological characteristics of human leishmaniasis in the Tuscany region of Central Italy. Through a multicentric retrospective analysis, we collected clinical and demographic data about all cases of leishmaniasis recorded between 2018 and 2023. We observed 176 cases of human leishmaniasis, with 128 (72.7%) visceral leishmaniasis (VL) and 47 (26.7%) cutaneous leishmaniasis (CL). Among these, 92.2% of VL and 85.1% of CL cases were autochthonous. The cumulative incidence of autochthonous human leishmaniasis was 0.22 cases per 100,000 inhabitants in 2018, but reached 1.81/100,000 in 2023. We identified three main areas of transmission: around the city of Florence (North-East Tuscany), around Grosseto city (South-West Tuscany) and Elba Island. Our findings confirm that the epidemiology of leishmaniasis is undergoing significant changes in Central Italy. Awareness towards this emerging health threat and surveillance strategies need to be improved in order to reliably assess the disease’s burden. Further research is needed in a “One-Health” perspective, to clarify the epidemiological dynamics at the environmental, reservoir, vector and human levels. The role of climate change and specific climatic factors affecting the epidemiological patterns of human leishmaniasis should be assessed. Further knowledge in these fields would promote targeted control and prevention strategies at regional and national levels. Full article
(This article belongs to the Special Issue Human Infectious Diseases)
22 pages, 597 KiB  
Review
Current Status of Research on Fault Diagnosis Using Machine Learning for Gear Transmission Systems
by Xuezhong Fu, Yuanxin Fang, Yingqiang Xu, Haijun Xu, Guo Ma and Nanjiang Peng
Machines 2024, 12(10), 679; https://doi.org/10.3390/machines12100679 - 27 Sep 2024
Viewed by 148
Abstract
Gear transmission system fault diagnosis is crucial for the reliability and safety of industrial machinery. The combination of mathematical signal processing methods with deep learning technology has become a research hotspot in fault diagnosis. Firstly, the development and status of gear transmission system [...] Read more.
Gear transmission system fault diagnosis is crucial for the reliability and safety of industrial machinery. The combination of mathematical signal processing methods with deep learning technology has become a research hotspot in fault diagnosis. Firstly, the development and status of gear transmission system fault diagnosis are outlined in detail. Secondly, the relevant research results on gear transmission system fault diagnosis are summarized from the perspectives of time-domain, frequency domain, and time-frequency-domain analysis. Thirdly, the relevant research progress in shallow learning and deep learning in the field of fault diagnosis is explained. Finally, future research directions for gear transmission system fault diagnosis are summarized and anticipated in terms of the sparsity of signal analysis results, separation of adjacent feature components, extraction of weak signals, identification of composite faults, multi-factor combinations in fault diagnosis, and multi-source data fusion technology. Full article
(This article belongs to the Section Machines Testing and Maintenance)
19 pages, 10280 KiB  
Article
Multiscale Analysis of Impact-Resistance in Self-Healing Poly(Ethylene-co-Methacrylic Acid) (EMAA) Plain Woven Composites
by Zhenzhen Zhang, Ying Tie, Congjie Fan, Zhihao Yin and Cheng Li
Polymers 2024, 16(19), 2740; https://doi.org/10.3390/polym16192740 - 27 Sep 2024
Viewed by 186
Abstract
A study combining multiscale numerical simulation and low-velocity impact (LVI) experiments was performed to explore the comprehensive effects on the impact-resistance of EMAA filaments incorporated as thermoplastic healing agents into a plain woven composite. A multiscale micro–meso–macro modeling framework was established, sequentially propagating [...] Read more.
A study combining multiscale numerical simulation and low-velocity impact (LVI) experiments was performed to explore the comprehensive effects on the impact-resistance of EMAA filaments incorporated as thermoplastic healing agents into a plain woven composite. A multiscale micro–meso–macro modeling framework was established, sequentially propagating mechanical performance parameters among micro–meso–macro models. The equivalent mechanical parameters of the carbon fiber bundles were predicted based on the microscopic model. The mesoscopic representative volume element (RVE) model was crafted by extracting the actual architecture of the monolayer EMAA filaments encompassing the plain woven composite. Subsequently, the fiber and matrix of the mesoscopic model were transformed into a monolayer-equivalent cross-panel model containing monolayers aligned at 0° and 90° by local homogenization, which was extended into a macroscopic equivalent model to study the impact-resistance behavior. The predicted force–time curves, energy–time curves, and damage profile align closely with experimental measurements, confirming the reliability of the proposed multiscale modeling approach. The multiscale analysis reveals that the EMAA stitching network can effectively improve the impact-resistance of plain woven composite laminates. Furthermore, there exist positive correlations between EMAA content and both impact-resistance and self-healing efficiency, achieving a self-healing efficiency of up to 98.28%. Full article
(This article belongs to the Section Smart and Functional Polymers)
30 pages, 720 KiB  
Review
Applications of Blockchain and Smart Contracts to Address Challenges of Cooperative, Connected, and Automated Mobility
by Christos Kontos, Theodor Panagiotakopoulos and Achilles Kameas
Sensors 2024, 24(19), 6273; https://doi.org/10.3390/s24196273 - 27 Sep 2024
Viewed by 163
Abstract
Population growth and environmental burden have turned the efforts of cities globally toward smarter and greener mobility. Cooperative and Connected Automated Mobility (CCAM) serves as a concept with the power and potential to help achieve these goals building on technological fields like Internet [...] Read more.
Population growth and environmental burden have turned the efforts of cities globally toward smarter and greener mobility. Cooperative and Connected Automated Mobility (CCAM) serves as a concept with the power and potential to help achieve these goals building on technological fields like Internet of Things, computer vision, and distributed computing. However, its implementation is hindered by various challenges covering technical parameters such as performance and reliability in tandem with other issues, such as safety, accountability, and trust. To overcome these issues, new distributed and decentralized approaches like blockchain and smart contracts are needed. This paper identifies a comprehensive inventory of CCAM challenges including technical, social, and ethical challenges. It then describes the most prominent methodologies using blockchain and smart contracts to address them. A comparative analysis of the findings follows, to draw useful conclusions and discuss future directions in CCAM and relevant blockchain applications. The paper contributes to intelligent transportation systems’ research by offering an integrated view of the difficulties in substantiating CCAM and providing insights on the most popular blockchain and smart contract technologies that tackle them. Full article
(This article belongs to the Section Internet of Things)
15 pages, 861 KiB  
Article
Probabilistic Air Traffic Complexity Analysis Considering Prediction Uncertainties in Traffic Scenarios
by Kristina Samardžić, Petar Andraši, Tomislav Radišić and Doris Novak
Aerospace 2024, 11(10), 798; https://doi.org/10.3390/aerospace11100798 - 27 Sep 2024
Viewed by 212
Abstract
This article presents a methodology for analyzing probabilistic air traffic complexity by integrating prediction uncertainties in convective weather scenarios. With the Performance Review Unit (PRU) model as a base, this method modifies the original framework by incorporating a weather-related complexity indicator. The approach [...] Read more.
This article presents a methodology for analyzing probabilistic air traffic complexity by integrating prediction uncertainties in convective weather scenarios. With the Performance Review Unit (PRU) model as a base, this method modifies the original framework by incorporating a weather-related complexity indicator. The approach was tested in Austrian airspace using ensemble weather forecasts and historical flight plan data. The results demonstrated that a probabilistic model effectively assesses traffic complexity and captures trends in complexity over time, providing greater reliability in high-complexity sectors. Validation revealed a strong alignment between simulator complexity values and probabilistic complexity, especially in sectors characterized by dense data distributions. In contrast, sectors with more elongated distributions tended to overestimate complexity. Quantitative analysis indicated that the error between the probabilistic mean complexity and the simulator complexity values ranged from 12% to 23%, with higher errors in sectors with lower complexity. This validation confirmed the model’s ability to predict complexity trends, thereby assisting flow manager positions (FMPs) in traffic flow and airspace management. Overall, this study demonstrated that probabilistic complexity assessment provides a deeper understanding of traffic behaviour, facilitating more effective air traffic flow management in uncertain and dynamic conditions. Full article
(This article belongs to the Section Air Traffic and Transportation)
21 pages, 1074 KiB  
Article
Asking Price for the Assessment of a Fruit Orchard: Some Evidence Using the Remote Segments Approach
by Giuseppe Cucuzza, Marika Cerro and Laura Giuffrida
Economies 2024, 12(10), 264; https://doi.org/10.3390/economies12100264 - 27 Sep 2024
Viewed by 225
Abstract
When missing reliable comparables, estimating inappropriately is a high risk in the use of both market-oriented and income approach methods. Therefore, it is useful to identify effective alternatives in accordance with the estimation method to arrive at the estimated value in the absence [...] Read more.
When missing reliable comparables, estimating inappropriately is a high risk in the use of both market-oriented and income approach methods. Therefore, it is useful to identify effective alternatives in accordance with the estimation method to arrive at the estimated value in the absence of comparables. This paper examines the use of the asking price for estimating the market value of a fruit tree orchard, missing comparable data of similar assets. The analysis was conducted by considering two different scenarios. In the first, asking prices from the same segment of the land to be estimated were used in two market-oriented appraisal methods: the General Appraisal System (GAS) and the Nearest Neighbors Appraisal Technique (NNAT). In both these approaches, market prices were replaced with detected asking prices. The second scenario was based on the use of the Remote Segments Approach (RSA). The comparison was conducted between the market segment of the fruit orchard to be valued and other comparison market segments, consisting of three other species of fruit trees, grown in the same area where the fruit orchard to be estimated is located. The results showed that in the first scenario, the estimated value appeared to be unreliable and excessively high compared to actual market conditions. Using the segment comparison method, which applies asking prices for the purpose of determining the capitalization rate, produced more reliable results. The appraisal also appeared more objective, transparent, and consistent with valuation standards. In the presence of similar limiting conditions, RSA can be an effective support to the activity of the appraiser in the valuation process of agricultural land. Full article
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17 pages, 798 KiB  
Article
Enhancing the Energy Performance of a Gas Turbine: Component of a High-Efficiency Cogeneration Plant
by Roxana Grigore, Aneta Hazi, Ioan Viorel Banu, Sorin Eugen Popa and Sorin Gabriel Vernica
Energies 2024, 17(19), 4860; https://doi.org/10.3390/en17194860 - 27 Sep 2024
Viewed by 154
Abstract
Cogeneration is widely recognized as one of the most efficient methods of electricity generation, with gas turbine-based systems playing a critical role in ensuring reliability, sustainability, and consistent power output. This paper presents an energy efficiency analysis of a 14 MW high-efficiency cogeneration [...] Read more.
Cogeneration is widely recognized as one of the most efficient methods of electricity generation, with gas turbine-based systems playing a critical role in ensuring reliability, sustainability, and consistent power output. This paper presents an energy efficiency analysis of a 14 MW high-efficiency cogeneration unit, featuring a modernized gas turbine as its core component. Since gas turbines often operate under varying loads due to fluctuating demand, this study examines their performance at 100%, 75%, and 50% load levels. It is observed that the efficiency of the gas turbine declines as the load decreases, primarily due to losses resulting from deviations from the design flow conditions. A detailed energy balance, Sankey diagram, and a comparative analysis of performance metrics against the manufacturer’s guarantees are provided for each load scenario. The results indicate that net thermal efficiency decreases by 10.7% at 75% load and by 30.6% at 50% load compared to nominal performance at full load. The performance at full load closely aligns with the values guaranteed by the gas turbine supplier. The gross electrical power output is 1.33% higher than the guaranteed value, and the thermodynamic circuit’s efficiency is 0.49% higher under real conditions. This study represents the initial phase of transitioning the turbine to operate on a fuel blend of natural gas and up to 20% hydrogen, with the goal of reducing CO2 emissions. As a novel contribution, this paper provides a systematized method for calculating and monitoring the in-service performance of gas turbines. The mathematical model is implemented using the Mathcad Prime 8.0 software, which proves to be beneficial for both operators and researchers. Full article
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