|
|
|
|
|
| Kumarappan, Subbu; Ivanic, Rasto. |
| When the lignocellulosic biofuels industry reaches maturity and many types of biomass sources become economically viable, management of multiple feedstock supplies – that vary in their yields, density (tons per unit area), harvest window, storage and seasonal costs, storage losses, transport distance to the production plant – will become increasingly important for the success of individual enterprises. The manager’s feedstock procurement problem is modeled as a multi-period sequence problem to account for dynamic management over time. The case is illustrated with a hypothetical 53 million annual US gallon cellulosic ethanol plant located in south west Kansas that requires approximately 700,000 metric dry tons of biomass. The problem is framed over 40... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Cellulosic ethanol; Feedstock; Switchgrass; Miscanthus; Corn stover; Optimization; Biofuels; Biomass; Energy; Renewable; Agribusiness. |
| Ano: 2009 |
URL: http://purl.umn.edu/49407 |
| |
|
| |
|
| |
|
|
| Kumarappan, Subbu; Gustafson, Cole R.. |
| Crude oil price speculation during 2000s could have increased installed capacity in corn ethanol plants beyond what was warranted by the market factors. We use Muth’s commodity pricing model and Flood and Garber’s tests to test for speculative investment in US corn ethanol industry. The ethanol price expectations are derived using a system of supply-demand-inventory describing US ethanol markets under rational expectations (perfect foresight). These price expectations can help differentiate the installed capacity into two: capacity supported by the market fundamentals and the probable capacity that is installed based on speculation. Econometric estimation procedures and functional form approximations are discussed. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Ethanol; Speculation; Commodity prices; Investment; Agricultural Finance; Financial Economics; Q14; Q41; D8; L71. |
| Ano: 2010 |
URL: http://purl.umn.edu/61418 |
| |
|
| |
|
|
|
