Real options valuation for South African nuclear waste management using a fuzzy mathematical approach
- Authors: Montsho, Obakeng Johannes
- Date: 2013 , 2013-06-06
- Subjects: Fuzzy mathematics , Real options (Finance) , Fuzzy sets , Business mathematics , Radioactive waste disposal -- South Africa
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: vital:5398 , http://hdl.handle.net/10962/d1003051 , Fuzzy mathematics , Real options (Finance) , Fuzzy sets , Business mathematics , Radioactive waste disposal -- South Africa
- Description: The feasibility of capital projects in an uncertain world can be determined in several ways. One of these methods is real options valuation which arose from financial option valuation theory. On the other hand fuzzy set theory was developed as a mathematical framework to capture uncertainty in project management. The valuation of real options using fuzzy numbers represents an important refinement to determining capital projects' feasibility using the real options approach. The aim of this study is to determine whether the deferral of the decommissioning time (by a decade) of an electricity-generating nuclear plant in South Africa increases decommissioning costs. Using the fuzzy binomial approach, decommissioning costs increase when decommissioning is postponed by a decade whereas use of the fuzzy Black-Scholes approach yields the opposite result. A python code was developed to assist in the computation of fuzzy binomial trees required in our study and the results of the program are incorporated in this thesis. , KMBT_363 , Adobe Acrobat 9.54 Paper Capture Plug-in
- Full Text:
- Date Issued: 2013
- Authors: Montsho, Obakeng Johannes
- Date: 2013 , 2013-06-06
- Subjects: Fuzzy mathematics , Real options (Finance) , Fuzzy sets , Business mathematics , Radioactive waste disposal -- South Africa
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: vital:5398 , http://hdl.handle.net/10962/d1003051 , Fuzzy mathematics , Real options (Finance) , Fuzzy sets , Business mathematics , Radioactive waste disposal -- South Africa
- Description: The feasibility of capital projects in an uncertain world can be determined in several ways. One of these methods is real options valuation which arose from financial option valuation theory. On the other hand fuzzy set theory was developed as a mathematical framework to capture uncertainty in project management. The valuation of real options using fuzzy numbers represents an important refinement to determining capital projects' feasibility using the real options approach. The aim of this study is to determine whether the deferral of the decommissioning time (by a decade) of an electricity-generating nuclear plant in South Africa increases decommissioning costs. Using the fuzzy binomial approach, decommissioning costs increase when decommissioning is postponed by a decade whereas use of the fuzzy Black-Scholes approach yields the opposite result. A python code was developed to assist in the computation of fuzzy binomial trees required in our study and the results of the program are incorporated in this thesis. , KMBT_363 , Adobe Acrobat 9.54 Paper Capture Plug-in
- Full Text:
- Date Issued: 2013
Investigating call control using MGCP in conjuction with SIP and H.323
- Authors: Jacobs, Ashley
- Date: 2005 , 2005-03-14
- Subjects: Communication -- Technological innovations , Digital telephone systems , Computer networks , Computer network protocols , Internet telephony
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: vital:4631 , http://hdl.handle.net/10962/d1006516 , Communication -- Technological innovations , Digital telephone systems , Computer networks , Computer network protocols , Internet telephony
- Description: Telephony used to mean using a telephone to call another telephone on the Public Switched Telephone Network (PSTN), and data networks were used purely to allow computers to communicate. However, with the advent of the Internet, telephony services have been extended to run on data networks. Telephone calls within the IP network are known as Voice over IP. These calls are carried by a number of protocols, with the most popular ones currently being Session Initiation Protocol (SIP) and H.323. Calls can be made from the IP network to the PSTN and vice versa through the use of a gateway. The gateway translates the packets from the IP network to circuits on the PSTN and vice versa to facilitate calls between the two networks. Gateways have evolved and are now split into two entities using the master/slave architecture. The master is an intelligent Media Gateway Controller (MGC) that handles the call control and signalling. The slave is a "dumb" Media Gateway (MG) that handles the translation of the media. The current gateway control protocols in use are Megaco/H.248, MGCP and Skinny. These protocols have proved themselves on the edge of the network. Furthermore, since they communicate with the call signalling VoIP protocols as well as the PSTN, they have to be the lingua franca between the two networks. Within the VoIP network, the numbers of call signalling protocols make it difficult to communicate with each other and to create services. This research investigates the use of Gateway Control Protocols as the lowest common denominator between the call signalling protocols SIP and H.323. More specifically, it uses MGCP to investigate service creation. It also considers the use of MGCP as a protocol translator between SIP and H.323. A service was created using MGCP to allow H.323 endpoints to send Short Message Service (SMS) messages. This service was then extended with minimal effort to SIP endpoints. This service investigated MGCP’s ability to handle call control from the H.323 and SIP endpoints. An MGC was then successfully used to perform as a protocol translator between SIP and H.323.
- Full Text:
- Date Issued: 2005
- Authors: Jacobs, Ashley
- Date: 2005 , 2005-03-14
- Subjects: Communication -- Technological innovations , Digital telephone systems , Computer networks , Computer network protocols , Internet telephony
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: vital:4631 , http://hdl.handle.net/10962/d1006516 , Communication -- Technological innovations , Digital telephone systems , Computer networks , Computer network protocols , Internet telephony
- Description: Telephony used to mean using a telephone to call another telephone on the Public Switched Telephone Network (PSTN), and data networks were used purely to allow computers to communicate. However, with the advent of the Internet, telephony services have been extended to run on data networks. Telephone calls within the IP network are known as Voice over IP. These calls are carried by a number of protocols, with the most popular ones currently being Session Initiation Protocol (SIP) and H.323. Calls can be made from the IP network to the PSTN and vice versa through the use of a gateway. The gateway translates the packets from the IP network to circuits on the PSTN and vice versa to facilitate calls between the two networks. Gateways have evolved and are now split into two entities using the master/slave architecture. The master is an intelligent Media Gateway Controller (MGC) that handles the call control and signalling. The slave is a "dumb" Media Gateway (MG) that handles the translation of the media. The current gateway control protocols in use are Megaco/H.248, MGCP and Skinny. These protocols have proved themselves on the edge of the network. Furthermore, since they communicate with the call signalling VoIP protocols as well as the PSTN, they have to be the lingua franca between the two networks. Within the VoIP network, the numbers of call signalling protocols make it difficult to communicate with each other and to create services. This research investigates the use of Gateway Control Protocols as the lowest common denominator between the call signalling protocols SIP and H.323. More specifically, it uses MGCP to investigate service creation. It also considers the use of MGCP as a protocol translator between SIP and H.323. A service was created using MGCP to allow H.323 endpoints to send Short Message Service (SMS) messages. This service was then extended with minimal effort to SIP endpoints. This service investigated MGCP’s ability to handle call control from the H.323 and SIP endpoints. An MGC was then successfully used to perform as a protocol translator between SIP and H.323.
- Full Text:
- Date Issued: 2005
The hydrolysis of primary sewage sludge under biosulphidogenic conditions
- Molwantwa, Jennifer Balatedi
- Authors: Molwantwa, Jennifer Balatedi
- Date: 2003
- Subjects: Sewage sludge , Hydrolysis , Sewage -- Purification -- Activated sludge process
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: vital:3961 , http://hdl.handle.net/10962/d1004020 , Sewage sludge , Hydrolysis , Sewage -- Purification -- Activated sludge process
- Description: The potential for using readily available and cost-effective complex carbon sources such as primary sewage sludge for a range of environmental remediation processes, including biological sulphate reduction, biological nutrient removal and the bioremediation of acid mine drainage, has been constrained by the slow rate of solubilization and low yield of soluble products, which drive the above mentioned processes. Previous work conducted by the Environmental Biotechnology Group at Rhodes University indicated that the degradation of primary sewage sludge was enhanced under sulphate reducing conditions. This was proven in both laboratory and pilot-scale (Reciprocating Sludge Bed Reactor) systems, where the particulate matter accumulated in the sludge bed and the molecules in smaller flocs were rapidly solubilized. The current study was aimed at investigating in more detail the factors that govern the enhanced hydrolysis under sulphate reducing conditions, and to develop a descriptive model to explain the underlying mechanism involved. The solubilization of primary sewage sludge under sulphate reducing conditions was conducted in controlled flask studies and previously reported findings of enhanced hydrolysis were confirmed. The maximum percentage solubilization obtained in this study was 31% and 63% for the methanogenic and sulphidogenic systems respectively, and this was achieved over a period of 10 days. A rate of reducing sugar production and complex molecule breakdown of 51 mg. L⁻¹.hr⁻¹ and 167 mg.L⁻¹.hr⁻¹ was observed for the methanogenic and sulphidogenic systems respectively. The flask studies revealed that during hydrolysis of primary sewage sludge under sulphidogenic conditions there was enhanced production of soluble products, specifically carbohydrates (reducing sugars) and volatile fatty acids, compared to methanogenic conditions. The rate at which these products were utilized was also found to be more rapid under sulphidogenic as compared to methanogenic conditions. A study of the distribution of volatile fatty acids indicated that acetate was utilized preferentially in the methanogenic system, and that propionate, butyrate and valerate accumulated with time. The converse was found to occur in the sulphidogenic system. The descriptive model developed from the results of this study was based on the fact that a consortium of bacteria, composed of hydrolytic, acidogenic and acetogenic species, carries out the solubilization of complex carbon sources. Furthermore, it is essential that equilibrium between product formation and utilization is maintained, and that accumulation of soluble end products impacts negatively on the rate of the hydrolysis step. It is therefore proposed that the relatively poor utilization of VFA and reducing sugars in the methanogenic system activates a negative feedback inhibition on the hydrolytic and/ or acidogenic step. This inhibition is reduced in the sulphidogenic system where the utilization of end products is higher.
- Full Text:
- Date Issued: 2003
- Authors: Molwantwa, Jennifer Balatedi
- Date: 2003
- Subjects: Sewage sludge , Hydrolysis , Sewage -- Purification -- Activated sludge process
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: vital:3961 , http://hdl.handle.net/10962/d1004020 , Sewage sludge , Hydrolysis , Sewage -- Purification -- Activated sludge process
- Description: The potential for using readily available and cost-effective complex carbon sources such as primary sewage sludge for a range of environmental remediation processes, including biological sulphate reduction, biological nutrient removal and the bioremediation of acid mine drainage, has been constrained by the slow rate of solubilization and low yield of soluble products, which drive the above mentioned processes. Previous work conducted by the Environmental Biotechnology Group at Rhodes University indicated that the degradation of primary sewage sludge was enhanced under sulphate reducing conditions. This was proven in both laboratory and pilot-scale (Reciprocating Sludge Bed Reactor) systems, where the particulate matter accumulated in the sludge bed and the molecules in smaller flocs were rapidly solubilized. The current study was aimed at investigating in more detail the factors that govern the enhanced hydrolysis under sulphate reducing conditions, and to develop a descriptive model to explain the underlying mechanism involved. The solubilization of primary sewage sludge under sulphate reducing conditions was conducted in controlled flask studies and previously reported findings of enhanced hydrolysis were confirmed. The maximum percentage solubilization obtained in this study was 31% and 63% for the methanogenic and sulphidogenic systems respectively, and this was achieved over a period of 10 days. A rate of reducing sugar production and complex molecule breakdown of 51 mg. L⁻¹.hr⁻¹ and 167 mg.L⁻¹.hr⁻¹ was observed for the methanogenic and sulphidogenic systems respectively. The flask studies revealed that during hydrolysis of primary sewage sludge under sulphidogenic conditions there was enhanced production of soluble products, specifically carbohydrates (reducing sugars) and volatile fatty acids, compared to methanogenic conditions. The rate at which these products were utilized was also found to be more rapid under sulphidogenic as compared to methanogenic conditions. A study of the distribution of volatile fatty acids indicated that acetate was utilized preferentially in the methanogenic system, and that propionate, butyrate and valerate accumulated with time. The converse was found to occur in the sulphidogenic system. The descriptive model developed from the results of this study was based on the fact that a consortium of bacteria, composed of hydrolytic, acidogenic and acetogenic species, carries out the solubilization of complex carbon sources. Furthermore, it is essential that equilibrium between product formation and utilization is maintained, and that accumulation of soluble end products impacts negatively on the rate of the hydrolysis step. It is therefore proposed that the relatively poor utilization of VFA and reducing sugars in the methanogenic system activates a negative feedback inhibition on the hydrolytic and/ or acidogenic step. This inhibition is reduced in the sulphidogenic system where the utilization of end products is higher.
- Full Text:
- Date Issued: 2003
Anaesthesia in abalone, Haliotis midae
- Authors: White, Hermien Ilse
- Date: 1996
- Subjects: Abalones , Animal anesthesia
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: vital:5216 , http://hdl.handle.net/10962/d1005059 , Abalones , Animal anesthesia
- Description: The principle aim of this study was to isolate a chemical for the "safe anaesthesia" of abalone under commercial farming conditions. "Safe anaesthesia" implied that the anaesthetic had no immediate detrimental or long term sublethal effect on the abalone, that it was safe for the farmer, the consumer and the environment. Four chemicals, magnesium sulphate (MgS0₄), ethylenediamine tetra-acetic acid (EDTA), 2-phenoxyethanol and procaine hydrochloride were shown to effectively inhibit the in vitro contraction of isolated tarsal muscle of Haliotis midae. This identified them as potential anaesthetics for abalone. Since abalone, like any other aquaculture species, would be subject to frequent size-sorting during the grow-out period, size related dosage tables were developed for the four chemicals at a temperature of 18⁰C. Dosage tables were also developed for benzocaine and carbon dioxide (C0₂), Three size classes (5-15, 20-50 and 60-90 mm shell length (SL)) of abalone were considered. Only three of the six chemicals, viz. MgS0₄, 2-phenoxyethanol and CO₂, met the criteria of an effective abalone anaesthetic in that they effected rapid and mortality-free anaesthesia. The other three chemicals caused mortalities and were considered to be unsuitable for commercial scale anaesthesia. Temperature related dosage tables were then developed for MgS0₄ and CO₂, MgS0₄ concentrations and CO₂ flow rates for effective anaesthesia in abalone were found to be inversely related to temperature. The three size classes of H. midae were intermittently exposed to MgS0₄ and 2-phenoxyethanol anaesthesia for an eight month period to determine the effect of the anaesthetics on growth rate. Because of an increased resistance to the efficacy of 2-phenoxyethanol and high monthly mortalities it was concluded that this chemical was unsafe and unsuitable for commercial use. MgS0₄, on the other hand, had no effect on growth of abalone and no significant effect on the rate of mortality. MgS0₄ also had no measurable effect on H. midae muscle ultrastructure and, by implication had no effect on flesh texture. The use of MgS0₄ as an anaesthetic would, therefore, not affect marketability. Moreover, no magnesium residues were found in H. midae muscle tissue after short term or intermittent long term exposure to MgS0₄ anaesthesia. It was found that the three size classes of H. midae used in this study could be safely exposed to the recommended MgS0₄ concentrations for up to 40 minutes without any mortalities. This is more than adequate for routine farming procedures. Medium size abalone (20-50 mm SL) were also safely exposed to 14 g.100 ml⁻¹ MgS0₄ for up to 6 hours without any mortalities. The results have shown that MgS0₄ was undoubtedly the best chemical that was evaluated for anaesthesia of H. midae in this study. It fulfils the requirements set forth by the U.S.A. Food and Drug Administration (FDA) in that it is safe for the abalone, the farmer, the consumer and the environment.
- Full Text:
- Date Issued: 1996
- Authors: White, Hermien Ilse
- Date: 1996
- Subjects: Abalones , Animal anesthesia
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: vital:5216 , http://hdl.handle.net/10962/d1005059 , Abalones , Animal anesthesia
- Description: The principle aim of this study was to isolate a chemical for the "safe anaesthesia" of abalone under commercial farming conditions. "Safe anaesthesia" implied that the anaesthetic had no immediate detrimental or long term sublethal effect on the abalone, that it was safe for the farmer, the consumer and the environment. Four chemicals, magnesium sulphate (MgS0₄), ethylenediamine tetra-acetic acid (EDTA), 2-phenoxyethanol and procaine hydrochloride were shown to effectively inhibit the in vitro contraction of isolated tarsal muscle of Haliotis midae. This identified them as potential anaesthetics for abalone. Since abalone, like any other aquaculture species, would be subject to frequent size-sorting during the grow-out period, size related dosage tables were developed for the four chemicals at a temperature of 18⁰C. Dosage tables were also developed for benzocaine and carbon dioxide (C0₂), Three size classes (5-15, 20-50 and 60-90 mm shell length (SL)) of abalone were considered. Only three of the six chemicals, viz. MgS0₄, 2-phenoxyethanol and CO₂, met the criteria of an effective abalone anaesthetic in that they effected rapid and mortality-free anaesthesia. The other three chemicals caused mortalities and were considered to be unsuitable for commercial scale anaesthesia. Temperature related dosage tables were then developed for MgS0₄ and CO₂, MgS0₄ concentrations and CO₂ flow rates for effective anaesthesia in abalone were found to be inversely related to temperature. The three size classes of H. midae were intermittently exposed to MgS0₄ and 2-phenoxyethanol anaesthesia for an eight month period to determine the effect of the anaesthetics on growth rate. Because of an increased resistance to the efficacy of 2-phenoxyethanol and high monthly mortalities it was concluded that this chemical was unsafe and unsuitable for commercial use. MgS0₄, on the other hand, had no effect on growth of abalone and no significant effect on the rate of mortality. MgS0₄ also had no measurable effect on H. midae muscle ultrastructure and, by implication had no effect on flesh texture. The use of MgS0₄ as an anaesthetic would, therefore, not affect marketability. Moreover, no magnesium residues were found in H. midae muscle tissue after short term or intermittent long term exposure to MgS0₄ anaesthesia. It was found that the three size classes of H. midae used in this study could be safely exposed to the recommended MgS0₄ concentrations for up to 40 minutes without any mortalities. This is more than adequate for routine farming procedures. Medium size abalone (20-50 mm SL) were also safely exposed to 14 g.100 ml⁻¹ MgS0₄ for up to 6 hours without any mortalities. The results have shown that MgS0₄ was undoubtedly the best chemical that was evaluated for anaesthesia of H. midae in this study. It fulfils the requirements set forth by the U.S.A. Food and Drug Administration (FDA) in that it is safe for the abalone, the farmer, the consumer and the environment.
- Full Text:
- Date Issued: 1996
Chemical and spectroscopic studies of chromone derivatives
- Ramaite, Ipfani David Isaiah
- Authors: Ramaite, Ipfani David Isaiah
- Date: 1993 , 2012-11-16
- Subjects: Heterocyclic compounds -- Derivatives -- Research , Benzopyrans -- Research , Coumarins -- Research
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: vital:4422 , http://hdl.handle.net/10962/d1006888 , Heterocyclic compounds -- Derivatives -- Research , Benzopyrans -- Research , Coumarins -- Research
- Description: A number of biologically active chromones occur in plants (eg. Khellin) and research in this field has eventually led to the discovery of chromoglycic acid, which is widely used as a sodium salt in asthma therapy. Since biological activity may be related to acidity, a range of chromone-2-carboxylic acids have been prepared via Claisen acylation of substituted o- hydroxyacetophenones and their acid dissociation constants determined potentiometrically to explore substituent effects. From this study it has been found that introduction of certain groups does have a marked effect on acidity. A variety of acrylamide derivatives have been prepared via the dimethylamine-mediated ring opening of chromone-2-carboxamides which, in turn, were prepared from the chromone-2- carboxylic acids via the corresponding acid chlorides. Variable temperature NMR spectroscopy was employed to examine the effect of substituents on the rotational barriers and it has been found that for the acrylamides examined, ring substituents have little effect on the rotational barriers. A combination of low resolution, high resolution and meta-stable peak analysis has been used to study mass fragmentation patterns for a series of acrylamide derivatives. The proposed fragmentation pathways for selected peaks have been found to be common to all the spectra examined when differences in the atomic masses of substituents were taken into account.
- Full Text:
- Date Issued: 1993
- Authors: Ramaite, Ipfani David Isaiah
- Date: 1993 , 2012-11-16
- Subjects: Heterocyclic compounds -- Derivatives -- Research , Benzopyrans -- Research , Coumarins -- Research
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: vital:4422 , http://hdl.handle.net/10962/d1006888 , Heterocyclic compounds -- Derivatives -- Research , Benzopyrans -- Research , Coumarins -- Research
- Description: A number of biologically active chromones occur in plants (eg. Khellin) and research in this field has eventually led to the discovery of chromoglycic acid, which is widely used as a sodium salt in asthma therapy. Since biological activity may be related to acidity, a range of chromone-2-carboxylic acids have been prepared via Claisen acylation of substituted o- hydroxyacetophenones and their acid dissociation constants determined potentiometrically to explore substituent effects. From this study it has been found that introduction of certain groups does have a marked effect on acidity. A variety of acrylamide derivatives have been prepared via the dimethylamine-mediated ring opening of chromone-2-carboxamides which, in turn, were prepared from the chromone-2- carboxylic acids via the corresponding acid chlorides. Variable temperature NMR spectroscopy was employed to examine the effect of substituents on the rotational barriers and it has been found that for the acrylamides examined, ring substituents have little effect on the rotational barriers. A combination of low resolution, high resolution and meta-stable peak analysis has been used to study mass fragmentation patterns for a series of acrylamide derivatives. The proposed fragmentation pathways for selected peaks have been found to be common to all the spectra examined when differences in the atomic masses of substituents were taken into account.
- Full Text:
- Date Issued: 1993
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