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At least 307 records · Page 17

Investigating Data Motion Power Trends to Enable Power-Efficient OpenSHMEM Implementations

As we continue to develop extreme-scale systems, it is becoming increasingly important to be mindful and more in control of power consumed by these systems. With high performance requirements being more constrained by power and data movement quickly becoming the critical concern for both power and performance, now is an opportune time for OpenSHMEM implementations to address the need for more power-efficient data movement. In order to enable power efficient OpenSHMEM implementations, we have formulated power trend studies that emphasize power consumption for one-sided communications and the disparities in power consumption across multiple implementations. In this paper, we present power trend analysis, generate targeted hypotheses for increasing power efficiency with OpenSHMEM, and discuss prospective research for power efficient OpenSHMEM implementations.

Mintz, Tiffany M↗

Surveillance and diagnostics of the beam mode vibrations of the Ringhals PWRs

Surveillance of core barrel vibrations has been performed in the Swedish Ringhals PWRs for several years. This surveillance is focused mainly on the pendular motion of the core barrel, which is known as the beam mode. The monitoring of the beam mode has suggested that its amplitude increases along the cycle and decreases after refuelling. In the last 5 years several measurements have been taken in order to understand this behaviour. Besides, a non-linear fitting procedure has been implemented in order to better distinguish the different components of vibration. By using this fitting procedure, two modes of vibration have been identified in the frequency range of the beam mode. Several results coming from the trend analysis performed during these years indicate that one of the modes is due to the core barrel motion itself and the other is due to the individual flow induced vibrations of the fuel elements. In this work, the latest results of this monitoring are presented. (authors)

21 SPECIFIC NUCLEAR REACTORS AND ASSOCIATED PLANTS↗

Cyber security using multi-threaded architecture data diode at the NBSR - 114

Ongoing upgrades for the control room of the National Bureau of Standards Reactor (NBSR) located at the National Institute of Standards and Technology (NIST) require the ability to collect sensor data from the secured reactor network and transfer to the outside network for trend analysis, while maintaining the security of the reactor network. To accomplish this, a data diode was created to provide a physical barrier that prevents any outside data from reaching the secured reactor network. The hardware of the data diode consists of two embedded computers, running Unix based operating systems, connected by three DB-9 serial cables. The serial cables have been modified so that only two wires, a ground and a transmission line, provide connection between the computers. The data diode relies on a multi-threaded architecture to collect and simultaneously transfer data over three serial connections. A software program, implemented in Java, has been written to request data from the digital recorders installed to monitor the NBSR process instrumentation and transfer that data across the serial connections. The data diode can collect over 1200 data points from multiple digital recorders each second. The collected data can then be stored in a relational database for later analysis. The source codes for the software are available open source on GitHub. (authors)

21 SPECIFIC NUCLEAR REACTORS AND ASSOCIATED PLANTS↗

Upper subcritical calculations based on correlated data - 14427

The American National Standards Institute and American Nuclear Society standard for Validation of Neutron Transport Methods for Nuclear Criticality Safety Calculations defines the upper subcritical limit (USL) as 'a limit on the calculated k-effective value established to ensure that conditions calculated to be subcritical will actually be subcritical'. Often, USL calculations are based on statistical techniques that infer information about a nuclear system of interest from a set of known/well-characterized similar systems. The work in this paper is part of an active area of research to investigate the way traditional trending analysis is used in the nuclear industry, and in particular, the research is assessing the impact of the underlying assumption that the experimental data being analyzed for USL calculations are statistically independent. In contrast, the multiple experiments typically used for USL calculations can be correlated because they are often performed at the same facilities using the same materials and measurement techniques. This paper addresses this issue by providing a set of statistical inference methods to calculate the bias and bias uncertainty based on the underlying assumption that the experimental data are correlated. Methods to quantify these correlations are the subject of a companion paper and will not be discussed here. The newly proposed USL methodology is based on the assumption that the integral experiments selected for use in the establishment of the USL are sufficiently applicable and that experimental correlations are known. Under the assumption of uncorrelated data, the new methods collapse directly to familiar USL equations currently used. We will demonstrate our proposed methods on real data and compare them to calculations of currently used methods such as USLSTATS and NUREG/CR-6698. Lastly, we will also demonstrate the effect experiment correlations can have on USL calculations. (authors)

42 ENGINEERING↗

Validation study for crediting chlorine in critically analyses for spent nuclear fuel disposition - 14428

Spent nuclear fuel (SNF) management practices in the United States rely on dry storage systems that include both canister- and cask-based systems. The United States Department of Energy Used Fuel Disposition Campaign is examining the feasibility of direct disposal of dual-purpose (storage and transportation) canisters (DPCs) in a geological repository. One of the major technical challenges for direct disposal is the ability to demonstrate the subcriticality of the DPCs loaded with SNF for the repository performance period (e.g., 10,000 years or more) as the DPCs may undergo degradation over time. Specifically, groundwater ingress into the DPC (i.e., flooding) could allow the system to achieve criticality in scenarios where the neutron absorber plates in the DPC basket have degraded. However, as was shown by Banerjee et al., some aqueous species in the groundwater provide noticeable reactivity reduction for these systems. For certain amounts of particular aqueous species (e.g., chlorine, lithium) in the groundwater, subcriticality can be demonstrated even for DPCs with complete degradation of the neutron absorber plates or a degraded fuel basket configuration. It has been demonstrated that chlorine is the leading impurity, as indicated by significant neutron absorption in the water that is available in reasonable quantities for the deep geological repository media under consideration. This paper presents the results of an investigation of the available integral experiments worldwide that could be used to validate DPC disposal criticality evaluations, including credit for chlorine. Due to the small number of applicable critical configurations, validation through traditional trending analysis was not possible. The bias in the eigenvalue of the application systems due only to the chlorine was calculated using TSURFER analysis and found to be on the order of 100 percent mille (1 pcm = 10-5 k{sub eff}). This study investigated the design of a series of critical configurations with varying amounts of chlorine to address validation gaps. Such integral experiments would support the crediting of the chlorine neutron-absorption properties in groundwater and the demonstration of subcriticality for DPCs in deep geologic repositories with sufficient chlorine availability. (authors)

11 NUCLEAR FUEL CYCLE AND FUEL MATERIALS↗

Bayesian Inference for Time Trends in Parameter Values: Case Study for the Ageing PSA Network of the European Commission

There is a nearly ubiquitous assumption in PSA that parameter values are at least piecewise-constant in time. As a result, Bayesian inference tends to incorporate many years of plant operation, over which there have been significant changes in plant operational and maintenance practices, plant management, etc. These changes can cause significant changes in parameter values over time; however, failure to perform Bayesian inference in the proper time-dependent framework can mask these changes. Failure to question the assumption of constant parameter values, and failure to perform Bayesian inference in the proper time-dependent framework were noted as important issues in NUREG/CR-6813, performed for the U. S. Nuclear Regulatory Commission’s Advisory Committee on Reactor Safeguards in 2003. That report noted that “industry lacks tools to perform time-trend analysis with Bayesian updating.” This paper describes an application of time-dependent Bayesian inference methods developed for the European Commission Ageing PSA Network. These methods utilize open-source software, implementing Markov chain Monte Carlo sampling. The paper also illustrates the development of a generic prior distribution, which incorporates multiple sources of generic data via weighting factors that address differences in key influences, such as vendor, component boundaries, conditions of the operating environment, etc.

99 GENERAL AND MISCELLANEOUS↗

Bayesian Inference for Time Trends in Parameter Values using Weighted Evidence Sets

There is a nearly ubiquitous assumption in PSA that parameter values are at least piecewise-constant in time. As a result, Bayesian inference tends to incorporate many years of plant operation, over which there have been significant changes in plant operational and maintenance practices, plant management, etc. These changes can cause significant changes in parameter values over time; however, failure to perform Bayesian inference in the proper time-dependent framework can mask these changes. Failure to question the assumption of constant parameter values, and failure to perform Bayesian inference in the proper time-dependent framework were noted as important issues in NUREG/CR-6813, performed for the U. S. Nuclear Regulatory Commission’s Advisory Committee on Reactor Safeguards in 2003. That report noted that “in-dustry lacks tools to perform time-trend analysis with Bayesian updating.” This paper describes an applica-tion of time-dependent Bayesian inference methods developed for the European Commission Ageing PSA Network. These methods utilize open-source software, implementing Markov chain Monte Carlo sampling. The paper also illustrates an approach to incorporating multiple sources of data via applicability weighting factors that address differences in key influences, such as vendor, component boundaries, conditions of the operating environment, etc.

99 GENERAL AND MISCELLANEOUS↗

A Monte Carlo Uncertainty Analysis of Ozone Trend Predictions in a Two Dimensional Model

We use Monte Carlo analysis to estimate the uncertainty in predictions of total O3 trends between 1979 and 1995 made by the Goddard Space Flight Center (GSFC) two-dimensional (2D) model of stratospheric photochemistry and dynamics. The uncertainty is caused by gas-phase chemical reaction rates, photolysis coefficients, and heterogeneous reaction parameters which are model inputs. The uncertainty represents a lower bound to the total model uncertainty assuming the input parameter uncertainties are characterized correctly. Each of the Monte Carlo runs was initialized in 1970 and integrated for 26 model years through the end of 1995. This was repeated 419 times using input parameter sets generated by Latin Hypercube Sampling. The standard deviation (a) of the Monte Carlo ensemble of total 03 trend predictions is used to quantify the model uncertainty. The 34% difference between the model trend in globally and annually averaged total O3 using nominal inputs and atmospheric trends calculated from Nimbus 7 and Meteor 3 total ozone mapping spectrometer (TOMS) version 7 data is less than the 46% calculated 1 (sigma), model uncertainty, so there is no significant difference between the modeled and observed trends. In the northern hemisphere midlatitude spring the modeled and observed total 03 trends differ by more than 1(sigma) but less than 2(sigma), which we refer to as marginal significance. We perform a multiple linear regression analysis of the runs which suggests that only a few of the model reactions contribute significantly to the variance in the model predictions. The lack of significance in these comparisons suggests that they are of questionable use as guides for continuing model development. Large model/measurement differences which are many multiples of the input parameter uncertainty are seen in the meridional gradients of the trend and the peak-to-peak variations in the trends over an annual cycle. These discrepancies unambiguously indicate model formulation problems and provide a measure of model performance which can be used in attempts to improve such models.

Considine, D. B.↗

Chlorophyll Variability in the Oligotrophic Gyres: Mechanisms, Seasonality and Trends

A 16-year (1998-2013) analysis of trends and seasonal patterns was conducted for the 5 subtropical ocean gyres using chlorophyll-a (Chl-a) retrievals from ocean color satellite data, sea surface temperature (SST) obtained from optimally interpolated Advanced Very High Resolution Radiometer (AVHRR) data, and sea-level anomaly (SLA) from Aviso multi-sensor altimetry data. Trend analysis was also performed on mixed-layer data derived from gridded temperature and salinity profiles (1998-2010) from the Simple Ocean Data Assimilation (SODA) model. The Chl-a monthly composites were constructed from the Sea-viewing Wide Field-of-view Sensor (SeaWiFS) and Moderate-resolution Imaging Spectroradiometer (MODIS) on Aqua using two different algorithms: the standard algorithm (STD) that has been in use since the start of the SeaWiFS mission in 1997, and a more recently developed Ocean Color Index (OCI) algorithm that is purported to provide improved accuracy in low chlorophyll waters such as the oligotrophic regions of the subtropical gyres. Trends were obtained for all gyres using both STD and OCI algorithms, which demonstrated generally consistent results. The North Pacific, Indian Ocean, North Atlantic and South Atlantic gyres showed significant downward trends in Chl-a, while the South Pacific gyre has a much weaker upward trend with no statistical significance. Time series of satellite-derived net primary production (NPP) showed downward trends for all the gyres, while all 5 gyres exhibited positive trends in SST and SLA. The seasonal variability of Chl-a in each gyre is tightly coupled to the variability in mixed layer depth (MLD) with peak values in winter in both hemispheres when vertical mixing is more vigorous, reaching depths approaching the nutricline (ZNO3, here defined as the depth of the 0.2 micron nitrate concentration). On a seasonal basis, Chl-a concentrations increase when the MLD approaches or is deeper than the nutricline depth, in agreement with the concept that vertical mixing is the major driving mechanism for phytoplankton photosynthesis in the interior of the gyres. In addition, MLD and SST seasonal changes are well correlated indicating that SST is a reasonable index of vertical mixing in the gyres. The combination of surface warming trends and biomass reduction over the 16-year period has the potential to reduce atmospheric CO2 uptake by the gyres and therefore influence the global carbon cycle.

Long-term trends↗

Trends in lignin modification: a comprehensive analysis of the effects of genetic manipulations/mutations on lignification and vascular integrity

A comprehensive assessment of lignin configuration in transgenic and mutant plants is long overdue. This review thus undertook the systematic analysis of trends manifested through genetic and mutational manipulations of the various steps associated with monolignol biosynthesis; this included consideration of the downstream effects on organized lignin assembly in the various cell types, on vascular function/integrity, and on plant growth and development. As previously noted for dirigent protein (homologs), distinct and sophisticated monolignol forming metabolic networks were operative in various cell types, tissues and organs, and form the cell-specific guaiacyl (G) and guaiacyl-syringyl (G-S) enriched lignin biopolymers, respectively. Regardless of cell type undergoing lignification, carbon allocation to the different monolignol pools is apparently determined by a combination of phenylalanine availability and cinnamate-4-hydroxylase/"p-coumarate-3-hydroxylase" (C4H/C3H) activities, as revealed by transcriptional and metabolic profiling. Downregulation of either phenylalanine ammonia lyase or cinnamate-4-hydroxylase thus predictably results in reduced lignin levels and impaired vascular integrity, as well as affecting related (phenylpropanoid-dependent) metabolism. Depletion of C3H activity also results in reduced lignin deposition, albeit with the latter being derived only from hydroxyphenyl (H) units, due to both the guaiacyl (G) and syringyl (S) pathways being blocked. Apparently the cells affected are unable to compensate for reduced G/S levels by increasing the amounts of H-components. The downstream metabolic networks for G-lignin enriched formation in both angiosperms and gymnosperms utilize specific cinnamoyl CoA O-methyltransferase (CCOMT), 4-coumarate:CoA ligase (4CL), cinnamoyl CoA reductase (CCR) and cinnamyl alcohol dehydrogenase (CAD) isoforms: however, these steps neither affect carbon allocation nor H/G designations, this being determined by C4H/C3H activities. Such enzymes thus fulfill subsidiary processing roles, with all (except CCOMT) apparently being bifunctional for both H and G substrates. Their severe downregulation does, however, predictably result in impaired monolignol biosynthesis, reduced lignin deposition/vascular integrity, (upstream) metabolite build-up and/or shunt pathway metabolism. There was no evidence for an alternative acid/ester O-methyltransferase (AEOMT) being involved in lignin biosynthesis.The G/S lignin pathway networks are operative in specific cell types in angiosperms and employ two additional biosynthetic steps to afford the corresponding S components, i.e. through introduction of an hydroxyl group at C-5 and its subsequent O-methylation. [These enzymes were originally classified as ferulate-5-hydroxylase (F5H) and caffeate O-methyltransferase (COMT), respectively.] As before, neither step has apparently any role in carbon allocation to the pathway; hence their individual downregulation/manipulation, respectively, gives either a G enriched lignin or formation of the well-known S-deficient bm3 "lignin" mutant, with cell walls of impaired vascular integrity. In the latter case, COMT downregulation/mutation apparently results in utilization of the isoelectronic 5-hydroxyconiferyl alcohol species albeit in an unsuccessful attempt to form G-S lignin proper. However, there is apparently no effect on overall G content, thereby indicating that deposition of both G and S moieties in the G/S lignin forming cells are kept spatially, and presumably temporally, fully separate. Downregulation/mutation of further downstream steps in the G/S network [i.e. utilizing 4CL, CCR and CAD isoforms] gives predictable effects in terms of their subsidiary processing roles: while severe downregulation of 4CL gave phenotypes with impaired vascular integrity due to reduced monolignol supply, there was no evidence in support of increased growth and/or enhanced cellulose biosynthesis. CCR and CAD downregulation/mutations also established that a depletion in monolignol supply reduced both lignin contents supply reduced both lignin contents and vascular integrity, with a concomitant shift towards (upstream) metabolite build-up and/or shunting.The extraordinary claims of involvement of surrogate monomers (2-methoxybenzaldehyde, feruloyl tyramine, vanillic acid, etc.) in lignification were fully disproven and put to rest, with the investigators themselves having largely retracted former claims. Furthermore analysis of the well-known bm1 mutation, a presumed CAD disrupted system, apparently revealed that both G and S lignin components were reduced. This seems to imply that there is no monolignol specific dehydrogenase, such as the recently described sinapyl alcohol dehydrogenase (SAD) for sinapyl alcohol formation. Nevertheless, different CAD isoforms of differing homology seem to be operative in different lignifying cell types, thereby giving the G-enriched and G/S-enriched lignin biopolymers, respectively. For the G-lignin forming network, however, the CAD isoform is apparently catalytically less efficient with all three monolignols than that additionally associated with the corresponding G/S lignin forming network(s), which can more efficiently use all three monolignols. However, since CAD does not determine either H, G, or S designation, it again serves in a subsidiary role-albeit using different isoforms for different cell wall developmental and cell wall type responses.The results from this analysis contrasts further with speculations of some early investigators, who had viewed lignin assembly as resulting from non-specific oxidative coupling of monolignols and subsequent random polymerization. At that time, though, the study of the complex biological (biochemical) process of lignin assembly had begun without any of the (bio)chemical tools to either address or answer the questions posed as to how its formation might actually occur. Today, by contrast, there is growing recognition of both sophisticated and differential control of monolignol biosynthetic networks in different cell types, which serve to underscore the fact that complexity of assembly need not be confused any further with random formation. Moreover, this analysis revealed another factor which continues to cloud interpretations of lignin downregulation/mutational analyses, namely the serious technical problems associated with all aspects of lignin characterization, whether for lignin quantification, isolation of lignin-enriched preparations and/or in determining monomeric compositions. For example, in the latter analyses, some 50-90% of the lignin components still cannot be detected using current methodologies, e.g. by thioacidolysis cleavage and nitrobenzene oxidative cleavage. This deficiency in lignin characterization thus represents one of the major hurdles remaining in delineating how lignin assembly (in distinct cell types) and their configuration actually occurs.

Review, Academic↗

WECC Wide-Area Oscillation Assessment and Trending Study Report

This project, Wide-area Oscillation Analysis and Trending Study, is sponsored by the Office of Electricity (OE) of the Department of Energy (DOE) who tasked Northwest National Laboratory (PNNL) to conduct this research. Staff of Federal Energy Regulatory Commission (FERC) have been involved in the project as observers and have provided advisory comments and suggestions. The primary objective of this study is to assess whether there are significant trends in the wide-area oscillatory behavior with respect to the significant generation-mix changes brought by the increased penetration of RES in the WECC system. The work performed in this project is considered to be complimentary to previous work by NERC/industry and covers the aspects that have not been studied or trended before. The trending analysis presented in this report can serve as reference for future grid planning and operation of the WECC system. In this report, how the changes in the generation mix can impact the frequency and damping ratio (DR) of WECC wide-area oscillation modes has been studied. Thorough data-based and model-based analyses have been carried out to analyze the current trends and then extended to evaluate the oscillation behaviors of the future WECC system.

24 POWER TRANSMISSION AND DISTRIBUTION↗

Time Series Analysis of Insar Data: Methods and Trends

Time series analysis of InSAR data has emerged as an important tool for monitoring and measuring the displacement of the Earth's surface. Changes in the Earth's surface can result from a wide range of phenomena such as earthquakes, volcanoes, landslides, variations in ground water levels, and changes in wetland water levels. Time series analysis is applied to interferometric phase measurements, which wrap around when the observed motion is larger than one-half of the radar wavelength. Thus, the spatio-temporal ''unwrapping" of phase observations is necessary to obtain physically meaningful results. Several different algorithms have been developed for time series analysis of InSAR data to solve for this ambiguity. These algorithms may employ different models for time series analysis, but they all generate a first-order deformation rate, which can be compared to each other. However, there is no single algorithm that can provide optimal results in all cases. Since time series analyses of InSAR data are used in a variety of applications with different characteristics, each algorithm possesses inherently unique strengths and weaknesses. In this review article, following a brief overview of InSAR technology, we discuss several algorithms developed for time series analysis of InSAR data using an example set of results for measuring subsidence rates in Mexico City.

InSAR↗

Statistical analysis of stratospheric temperature and ozone profile data for trends and model comparison

Work performed during the project period July 1, 1990 to June 30, 1992 on the statistical analysis of stratospheric temperature data, rawinsonde temperature data, and ozone profile data for the detection of trends is described. Our principal topics of research are trend analysis of NOAA stratospheric temperature data over the period 1978-1989; trend analysis of rawinsonde temperature data for the period 1964-1988; trend analysis of Umkehr ozone profile data for the period 1977-1991; and comparison of observed ozone and temperature trends in the lower stratosphere. Analysis of NOAA stratospheric temperature data indicates the existence of large negative trends at 0.4 mb level, with magnitudes increasing with latitudes away from the equator. Trend analysis of rawinsonde temperature data over 184 stations shows significant positive trends about 0.2 C per decade at surface to 500 mb range, decreasing to negative trends about -0.3 C at 100 to 50 mb range, and increasing slightly at 30 mb level. There is little evidence of seasonal variation in trends. Analysis of Umkehr ozone data for 12 northern hemispheric stations shows significant negative trends about -.5 percent per year in Umkehr layers 7-9 and layer 3, but somewhat less negative trends in layers 4-6. There is no pronounced seasonal variation in trends, especially in layers 4-9. A comparison was made of empirical temperature trends from rawinsonde data in the lower stratosphere with temperature changes determined from a one-dimensional radiative transfer calculation that prescribed a given ozone change over the altitude region, surface to 50 km, obtained from trend analysis of ozonsonde and Umkehr profile data. The empirical and calculated temperature trends are found in substantive agreement in profile shape and magnitude.

Tiao, G. C.↗

SI Engine Trends: A Historical Analysis with Future Projections

It is well known that spark ignited engine performance and efficiency is closely coupled to fuel octane number. The present work combines historical and recent trends in spark ignition engines to build a database of engine design, performance, and fuel octane requirements over the past 80 years. The database consists of engine compression ratio, required fuel octane number, peak mean effective pressure, specific output, and combined unadjusted fuel economy for passenger vehicles and light trucks. Recent trends in engine performance, efficiency, and fuel octane number requirement were used to develop correlations of fuel octane number utilization, performance, specific output. The results show that historically, engine compression ratio and specific output have been strongly coupled to fuel octane number. However, over the last 15 years the sales weighted averages of compression ratios, specific output, and fuel economy have increased, while the fuel octane number requirement has remained largely unchanged. Using the developed correlations, 10-year-out projections of engine performance, design, and fuel economy are estimated for various fuel octane numbers, both with and without turbocharging. The 10-year-out projection shows that only by keeping power neutral while using 105 RON fuel will allow the vehicle fleet to meet CAFE targets if only the engine is relied upon to decrease fuel consumption. If 98 RON fuel is used, a power neutral fleet will have to reduce vehicle weight by 5%.

Pawlowski, Alexander↗

Structural Trends and Vibrational Analysis of N,N,N′,N′−Tetramethylmalonamide Complexes Across the Lanthanide Series

Fundamental understanding of coordination chemistry across the lanthanide series is essential for explaining chemical behavior of rare-earth metals in complex liquid-liquid extraction processes, which in turn affects the distribution ratios and efficacy of separations as a whole. In this work, we explore the structural trends between the lanthanides and a neutral N,N,N',N'-tetramethylmalonamide (TMMA) ligand within four isolated families of solid-state compounds: Ln(trans-TMMA) 2 (NO 3 ) 3 Ln=La-Nd, Sm; Ln(cis-TMMA) 2 (NO 3 ) 3 Ln=Eu-Tb, Er; [Ln(TMMA) 3 (NO 3 ) 2 ][Ln(TMMA)(NO 3 ) 4 ] Ln=Dy-Tm; Ln(Κ 2 -TMMA)(iPrOH)(NO 3 ) 3 and Ln(Κ 1 -TMMA)(Κ 2 -TMMA)(NO 3 ) 3 Ln=Yb, Lu. Moving across the lanthanide series, we note the formation of both discrete charge-neutral complexes, as well as charged molecular anion-cation pairs, with variations in spatial ligand arrangement, coordination numbers, and ligand denticities. IR and Raman spectroscopy paired with DFT frequency calculations were used for an in-depth investigation of vibrational modes unique to each structural family. The collection of isolated model compounds was also discussed in the context of liquid-liquid separations based on reported distribution ratios from malonamide extraction.

37 INORGANIC, ORGANIC, PHYSICAL, AND ANALYTICAL CH↗

The retailed gasoline price in China: Time-series analysis and future trend projection

This study introduces a method to systematically project retailed gasoline prices in China and provides projection results. Based on oil taxation and pricing mechanisms in China, this study establishes the statistical relationship between the retailed gasoline prices in China and international crude oil prices using error correction models (ECM), time-series models. Detailed comparison among asymmetric ECM, threshold ECM, and threshold asymmetric ECM are provided. By adopting the ECMs, the study projects the retailed gasoline prices from 2019 to 2050 based on the international crude oil prices from the Annual Energy Outlook provided by the U.S. Energy Information Administration. The results show that the asymmetric responsiveness and the threshold effect exist under current Chinese oil pricing policy with a lag of one month or even shorter in gasoline price adjustment. Moreover, the analysis informs one that, in the short-run, the retailed gasoline prices in China are more sensitive to international crude oil price increases; while in the long-run, the retailed gasoline prices are more sensitive to international crude oil price decreases. Compared with the national average gasoline price in China of 6.04 CNY/Liter in 2017, the national average gasoline price in China is projected to be about 7.64 CNY/Liter (2017 dollar) by 2050.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗