Pricing terms

From a Sraffian perspective, however, the gross multiplier and price system do not require any mention of labour values. The parameters of the system are defined in physical and money price terms. However, using... 

In this chapter we present a discussion on convertible bonds, which have become popular hybrid financial instruments. Convertible bonds are financial instmments that give the bondholders the right, without imposing an obligation, to convert the bond into underlying security, usually common stocks, under conditions illustrate in the indenture at the time of issue. The hybrid characteristic defines the traditional valuation approach as the sum of two components the option-free bond and an embedded option (call option). The option element makes the valuation not easy, above all in pricing term sheets with specific contract clauses as the inclusion of soft calls, put options and reset features. The chapter shows practical examples of valuation in which financial advisors and investment banks adopts in different contexts. 

Of particular interest is auction Additive Discrete (AD), which is designed for the special-case of preferential independence. Auction AD employs a compact price space, with linear-additive prices on attribute levels and an additional non-linear price term that applies to the bids from all suppliers. Experimental results for a simulated environment demonstrate that this price space provides a significant reduction in information revelation over an auction in which the price space maintains explicit prices on bundles of attribute levels. 

The market trades seven base metals including lead, and there are four opportunities to trade each day. Daily prices are quoted at the end of each morning trade as representative of the contracts made. Both a cash and three month forward delivery price are quoted. The three month price may be above the cash price (termed a Contango ) or below the cash price (termed a Backwardation ). 

When electricity is bought from centralized power generation companies, the price tends to be more stable than fuel costs, since power generation companies tend to negotiate long-term contracts for fuel supply. 

The high C/H ratio for heavy fuels and their high levels of contaminants such as sulfur, water, and sediment, tend to reduce their NHV which can reach as low as 40,000 kJ/kg by comparison to the 42,500 kJ/kg for a conventional home-heating oil. This characteristic is not found in the specifications, but it is a main factor in price negotiations for fuels in terms of cost per ton. Therefore it is subject to frequent verification. 

In the definition phase options are narrowed down and a preferred solution is proposed. The project becomes better defined in terms of what should be built and how it should be operated, and an assessment of how the project may be affected by changes beyond the control of the company (for example the oil price) should be made. Normally a clear statement should be prepared, describing why the option is preferred and what project specifications must be met, to be used as a basis for further work. 

Although smaller timesteps would eventually allow the RK-4 method to produce more accurate results, the method must pay a large price in terms of function evaluations. Qualitatively similar results can be expected from other popular nonsymplectic schemes. 

Adipic acid is a very large volume organic chemical. Worldwide production in 1986 reached 1.6 x 10 t (3.5 x 10 lb) (158) and in 1989 was estimated at more than 1.9 x 10 t (Table 7). It is one of the top fifty (159) chemicals produced in the United States in terms of volume, with 1989 production estimated at 745,000 t (160). Growth rate in demand in the United States for the period 1988—1993 is estimated at 2.5% per year based on 1987—1989 (160). Table 7 provides individual capacities for U.S. manufacturers. Western European capacity is essentially equivalent to that in the United States at 800,000 t/yr. Demand is highly cycHc (161), reflecting the automotive and housing markets especially. Prices usually foUow the variabiUty in cmde oil prices. Adipic acid for nylon takes about 60% of U.S. cyclohexane production the remainder goes to caprolactam for nylon-6, export, and miscellaneous uses (162). In 1989 about 88% of U.S. adipic acid production was used in nylon-6,6 (77% fiber and 11% resin), 3% in polyurethanes, 2.5% in plasticizers, 2.7% miscellaneous, and 4.5% exported (160). 

There are large concentrations of proven reserves ia specific areas of the globe such as the Middle East, North America, and the Confederation of Independent States. Thus the future of natural gas, worldwide, is dependent on the flow of natural gas across international boundaries on a long-term basis. This future is also dependent on the maintenance of an economic balance between the price of oil and the price of natural gas. 

T. J. Woods, The Eong-Term Trends in U.S. Gas Supply and Prices 1992 Edition of the GRJ Faseline Projection of U.S. Energy Supply and Demand to 2010,... 

Aliphatic Isocyanates. Aflphatic diisocyanates have traditionally commanded a premium price because the aflphatic amine precursors ate mote expensive than aromatic diamines. They ate most commonly used in appHcafions which support the added cost or where the long-term performance of aromatic isocyanates is unacceptable. Monofuncfional aflphatic isocyanates, such as methyl and -butyl isocyanate, ate used as intermediates in the production of carbamate-based and urea-based insecticides and fungicides (see Fungicides, agricultural Insectcontroltechnology). 

Total world production of manganese ores in 1992 was about 6.7 x 10 metric tons manganese content, down from 9.3 x 10 in 1989. Table 13 shows the price of a kilogram of manganese in terms of constant U.S. 1987 doUars, ie, adjusted for inflation. 

Zinc arc spraying is an inexpensive process in terms of equipment and raw materials. Only 55—110 g/m is required for a standard 0.05—0.10 mm Zn thickness. It is more labor intensive, however. Grit blasting is a slow process, at a rate of 4.5 m /h. AppHcation of an adhesive paint layer is much quicker, 24 m /h, although the painted part must be baked or allowed to air dry. Arc sprayed 2inc is appHed at a rate of 9—36 m /h to maintain the plastic temperature below 65°C. The actual price of the product depends on part complexity, number of parts, and part size. A typical price in 1994 was in the range of 10—32/m. ... 

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