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Note On Fuel Consumption In Ocean Container Shipping: Bounds On Fuel Usage, Manwo Ng
Note On Fuel Consumption In Ocean Container Shipping: Bounds On Fuel Usage, Manwo Ng
Information Technology & Decision Sciences Faculty Publications
This paper contributes to the literature by deriving upper and lower bounds on the fuel consumption in container shipping. The bounds are derived from sailing distances, port times, and the possible arrival times at ports/ the berth windows negotiated between the ocean carrier and the port operators. Crucially, the derived bounds can be used in conjunction with any of the common fuel consumption functions proposed in the literature. This latter is especially important since currently there is no consensus on a specific functional form for the fuel consumption function. The behavior of the bounds will be illustrated with numerical examples.
Renewable Energy Stocks' Performance And Climate Risk: An Empirical Analysis, Lingyu Li, Xianrong Zheng, Shuxi Wang
Renewable Energy Stocks' Performance And Climate Risk: An Empirical Analysis, Lingyu Li, Xianrong Zheng, Shuxi Wang
Information Technology & Decision Sciences Faculty Publications
This article studies the relationship between renewable energy stocks’ performance and climate risk. It shows that publicly held renewable energy stocks underperform as a reaction to climate policy information releases, modeled by feed-in tariff (FIT) legislation announcements. The study examined stock price behaviors 2 days before and 30 days after FIT policy announcements. The stock sample used in the study has 3702 firm-day combinations, which included 180 cleantech firms and 32 events from 2007 to 2017. Based on the residual analysis of the sample’s abnormal return, it indicated that the FIT announcements are associated with significant declines in returns. The …