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See detailÉconométrie du droit de la concurrence, un essai de conceptualisation
Fegatilli, Ermano ULg; Petit, Nicolas ULg

in Revue Internationale de Droit Economique (2009), I

The present paper reviews in a plain language and with only limited statistical formalization, the virtues of econometrics in the field of competition law. Following a brief introduction to the origins of ... [more ▼]

The present paper reviews in a plain language and with only limited statistical formalization, the virtues of econometrics in the field of competition law. Following a brief introduction to the origins of econometrics, we explain first that econometrics provides assistance to decision-making in a variety of fields (merger control, abuse of dominance, etc.). Second, we show that econometrics also constitute a decision-reading instrument, which may assist competition agencies, courts, firms and their counsels in understanding the content of the law. The econometric models discussed in the paper are illustrated by examples coming from well-known legal cases. Our conclusion is that in light of the novel sophisticated issues arising in antitrust enforcement (damages estimation, etc.), the nascent "econometrics of competition law" exhibit promising features. [less ▲]

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See detailEconométrie I
Lejeune, Bernard ULg

Learning material (2011)

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See detailLa economia social y cooperativa en la revista del Ciriec, Anales de economia publica y cooperativa
Fecher-Bourgeois, Fabienne ULg; Lévesque, Benoit

in Revista Cooperativismo & Desarrollo (2012), 20(100), 24-56

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See detailEconomic analysis of Stainless Steel- Reinforced Concrete members designed for a Fire Resistance of 2 hours
Gernay, Thomas ULg; Franssen, Jean-Marc ULg

Report (2011)

While Stainless steel is used primarily for its corrosion resistance, there is a growing interest in other properties, such as mechanical, high temperature resistance, aesthetics and others. The ... [more ▼]

While Stainless steel is used primarily for its corrosion resistance, there is a growing interest in other properties, such as mechanical, high temperature resistance, aesthetics and others. The properties at high temperatures (400 – 650°C ) of stainless steels are known and put to use in a number of applications such as steam turbines and equipment for the chemical industry. Some research on the fire resistance of stainless steels has been carried out for welded I beams and for concrete-filled tubes, with positive results. However, there are no published results on the behavior of concrete reinforced with stainless steel rebar. In a preliminary research program conducted by the University of Liege for ISSF, a preliminary assessment of the performance of stainless steel reinforced concrete has been carried out, using computer simulation methods. This preliminary study has shown that stainless steel reinforced concrete members can behave better than carbon steel reinforced concrete members in fire situation. However, an economic analysis is still needed to determine whether stainless steel reinforcement can be interesting for practical applications. This report is divided in two parts. The first part presents the assumptions and the results of the numerical simulations performed by University of Liege. The numerical simulations aim to design stainless and carbon steel -reinforced concrete members satisfying to a fire resistance of 2 hours (Standard fire conditions). The two structural members considered in this study are a reinforced concrete beam and a composite slab (with the so-called « membrane » behavior). The numerical simulations are performed with the SAFIR 20011.a.3 software developed in University of Liege. The second part presents the assumptions and the results of the economic analysis of the structural members designed in the first part. The stainless and carbon steel –reinforced solutions for a fire resistance of 2 hours are compared on an economic basis. [less ▲]

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See detailEconomic and Economical Statistical Design of Hotelling’s T2 Control Chart with Two-State Adaptive Sample Size
Faraz, Alireza ULg; Saniga, Erwin; kazemzadeh, R. B.

in Journal of Statistical Computation & Simulation (2010), 80(12), 12991316

The Hotelling’s T 2 control chart, a direct analogue of the univariate Shewhart ¯X chart, is perhaps the most commonly used tool in industry for simultaneous monitoring of several quality characteristics ... [more ▼]

The Hotelling’s T 2 control chart, a direct analogue of the univariate Shewhart ¯X chart, is perhaps the most commonly used tool in industry for simultaneous monitoring of several quality characteristics. Recent studies have shown that using variable sampling size (VSS) schemes results in charts with more statistical power when detecting small to moderate shifts in the process mean vector. In this paper, we build a cost model of a VSS T 2 control chart for the economic and economic statistical design using the general model of Lorenzen and Vance [The economic design of control charts: A unified approach, Technometrics 28 (1986), pp. 3–11].We optimize this model using a genetic algorithm approach.We also study the effects of the costs and operating parameters on theVSS T 2 parameters, and show, through an example, the advantage of economic design over statistical design forVSS T 2 charts, and measure the economic advantage of VSS sampling versus fixed sample size sampling. [less ▲]

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See detailThe economic and environmental feasibility of biogas buses in Liege
Mostert, Martine ULg; Limbourg, Sabine ULg

in 2013 BIVEC-GIBET Transport Research Days - Proceedings (2013, May 30)

Everyday, many students at the University of Liège have to drive to the Sart-Tilman village to attend their courses. These journeys are responsible for the emission of harmful particles which have ... [more ▼]

Everyday, many students at the University of Liège have to drive to the Sart-Tilman village to attend their courses. These journeys are responsible for the emission of harmful particles which have negative impacts on climate and human health. This paper analyzes the economic and environmental feasibility of using biogas buses for public transport in Liège. The idea of implementing biogas buses is based on the proposed recycling of organic waste by the company INTRADEL, which manages and treats waste in the region. The economic and environmental advantages and drawbacks of biogas buses are developed and compared with those of the current diesel bus fleet. The main conclusion of this study is that, while internalizing external costs due to pollution, the use of biogas buses becomes an attractive option compared with classical diesel buses. Nevertheless, it requires investment and might lead to resistance to change. However, it remains a good solution for the reduction of CO2 emissions. [less ▲]

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See detailEconomic and environmental impacts of several retrofit options for residential buildings
Gendebien, Samuel ULg

Master's dissertation (2011)

Nowadays, important efforts are deployed to reduce our actual residential building consumption which represents about 40% (25% for the residential sector and 15% for the non-residential sector) of the ... [more ▼]

Nowadays, important efforts are deployed to reduce our actual residential building consumption which represents about 40% (25% for the residential sector and 15% for the non-residential sector) of the total energy consumption in Europe. The aim of this paper is to evaluate the environmental and economical impact of several retrofit options for residential buildings. Our study focuses on the Walloon Region of Belgium. A “bottom-up” methodology is applied: this methodology focuses first on a micro-analysis. Results from this micro-analysis are then used and extended to a macro-analysis. The presented methodology does not permit to determine with precision the global consumption of residential buildings in the Walloon Region. However, the latter methodology allows pointing out some economical and environmental trends related to the different investigated retrofit options. The first part of this end-of-study work offers an overview of the Walloon building stock by presenting statistic data on the Walloon residential houses. From these latter statistic data, it is possible to divide the Walloon building stock by means of arborescence. Each type of building is characterized by constructive data (mean area, Uwall, Uwindow…) and by heating production system efficiency. Thanks to these data, it is possible to determine the gas and electrical annual consumption for each type of residential building by means of a computer program that simulates residential building. The latter computer program is also used to determine the annual energy consumption of envelope retrofitted houses. Retrofit options related to heat and/or cool production are also investigated. A macro-point of view study is carried out in order to determine the potential of energy saving of each investigated options. An environmental comparison between the several envisaged retrofit options is realized in terms of CO2 emission, final and primary annual energy consumption for each type of building. An economical study is carried out in order to determine the profitability of each investigated options for citizens. The work also proposes a reflection about the actual incentive policies. [less ▲]

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See detailEconomic and financial crisis and pooling of military resources
Dumoulin, André ULg

in Europe Diplomatie and Defence (2010), (326), 2

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See detailEconomic and Production Consequences of Liver Fluke Disease in Double-Muscled Fattening Cattle
Genicot, Bruno; Mouligneau, Frédéric; Lekeux, Pierre ULg

in Zentralblatt für Veterinarmedizin. Reihe B = Journal of Veterinary Medicine. Series B (1991), 38(3), 203-208

The frequency of liver fluke disease in fattening units was determined by the analysis of random faeces samples issued from 1,513 Belgian White Blue bulls aged from 5 to 7 months and weighing from 200 to ... [more ▼]

The frequency of liver fluke disease in fattening units was determined by the analysis of random faeces samples issued from 1,513 Belgian White Blue bulls aged from 5 to 7 months and weighing from 200 to 300 kg. 12.5% of the investigated bulls were positive for liver fluke disease. These bulls were spread over 56.5% of the investigated fattening units. Furthermore the infestation rate varied from 0 to 33.3% inside the fattening units. In order to assess the economic consequences of bovine fascioliasis in double-muscled cattle and the beneficial effects of a treatment against such a disease, a trial including 30 Belgian White Blue bulls, weighing 365 +/- 9 kg and aged from 10 to 12 months, was conducted in a selected fattening unit. On the basis of faecal examinations, the 30 animals were subdivided in negative (group A; n = 10) and positive animals (n = 20) for fascioliasis, the latter being either treated with nitroxinil (group B; n = 10) or not (group C; n = 10) on day 0 of this trial which was conducted during 75 days. The daily body gains in group C (1.661 +/- 0.140 kg) were significantly lower than those in group A (1.975 +/- 0.120 kg). On the other hand there was no significant difference between the daily body gains registered in group B (1.960 +/- 0.085 kg) and A. The estimated financial loss, due to flukes and accounted on a 75 day-period, averaged 2,748 Belgian Francs per bull in group C.(ABSTRACT TRUNCATED AT 250 WORDS) [less ▲]

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See detailEconomic and Production Repercussions of Deworming by Pulse Release Device and Oral Suspension in Grazing Double-Muscled Fattening Cattle
Genicot, Bruno; Mouligneau, Frédéric; Lekeux, Pierre ULg

in Zentralblatt für Veterinarmedizin. Reihe B = Journal of Veterinary Medicine. Series B (1991), 38(3), 238-240

In this field trial, the repercussions of 2 administration forms of oxfendazole, namely a single administration of a front-loaded device (group 1; n = 18) and a repeated administration of a 90.6 per cent ... [more ▼]

In this field trial, the repercussions of 2 administration forms of oxfendazole, namely a single administration of a front-loaded device (group 1; n = 18) and a repeated administration of a 90.6 per cent oral suspension (group 2; n = 18), were compared in first season-grazing double-muscled fattening bulls. The comparison was based on the production performances, the mean worm egg counts and the product- and labour-costs. The daily body gains determined on the whole trial period, i.e. 1.312 +/- 0.055 kg and 1.270 +/- 0.056 kg for groups 1 and 2 respectively, and mean worm egg counts per gram (on days 0 and 130:200.0 +/- 44.3 and 94.4 +/- 27.4 for group 1; 366.7 +/- 98.4 and 100.0 +/- 33.6 for group 2) did not differ significantly between the two groups. However, the total costs were lower with a front-loaded device (1,021 Belgian Francs) than with oral suspension (1,248 Belgian Francs per bull). [less ▲]

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See detailThe Economic and Statistical Designs of Control charts for Censored and Non-Normal Data
Faraz, Alireza ULg; Heuchenne, Cédric ULg; Davis, Darwin, Edward et al

Scientific conference (2011, December)

In this research, we are dealing with constructing the statistical design (SD) and economic statistical design (ESD) of Shewhart and CUSUM control charts for reliability data which are right censored ... [more ▼]

In this research, we are dealing with constructing the statistical design (SD) and economic statistical design (ESD) of Shewhart and CUSUM control charts for reliability data which are right censored. This is the case which happens more frequently in the field. [less ▲]

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See detailEconomic evaluation of an osteoporosis screening campaign: using FRAX as a prescreening tool
Hiligsmann, Mickaël ULg; Ben Sedrine, Wafa ULg; Bruyère, Olivier ULg et al

in Osteoporosis International (2014), 25(2), 38-39

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See detailEconomic evaluation of chronic hepatitis C treatment by interferon-ribavirin combination therapy in Belgium
Delwaide, Jean ULg

in Acta Gastro-Enterologica Belgica (2002), 65(4), 233-236

With present treatments for chronic hepatitis C by the combination of interferon alpha and ribavirin, it is possible to obtain a sustained viral response in a large number of patients. This viral response ... [more ▼]

With present treatments for chronic hepatitis C by the combination of interferon alpha and ribavirin, it is possible to obtain a sustained viral response in a large number of patients. This viral response is associated with long-term disappearance of the C virus, improvement of histology, improvement in quality of life and, most than likely, a reduction in the risk of premature death or infection-linked complications. This therapy is, however, expensive and the number of potentially treatable patients is high in view of the relatively high prevalence of the disease in the population. An economic evaluation is thus indispensable in order, on the one hand, to assess the cost-effectiveness ratio of the treatment (i.e. the extra cost to be paid for obtaining the greater effectiveness provided by the therapeutic combination in comparison with absence of treatment or treatment by interferon alone), and, on the other hand, to estimate practically the global cost of treatment for Belgium (i.e. the annual expense for society according to the number of patients treated per year). [less ▲]

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See detailEconomic evaluation of OSIRIS® (osteoporosis index of risk), a prescreening tool for prediction of osteoporosis risk, using decision trees and Markov models
Combescure, C.; Daures, J. P.; Chevallier, T. et al

in Osteoporosis International (2003, November), 14(Suppl. 7), 88

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See detailAn Economic Evaluation of Quantitative Ultrasonometry as Pre-Screening Test for the Identification of Patients with Osteoporosis
Hiligsmann, Mickaël ULg; Ethgen, Olivier ULg; Bruyère, Olivier ULg et al

in Disease Management & Health Outcomes (2008), 16(6), 429-438

Background: Screening for osteoporosis has been recommended to identify patients at high risk of fracture in order to provide preventative treatment. Given the limited availability of dual-energy x-ray ... [more ▼]

Background: Screening for osteoporosis has been recommended to identify patients at high risk of fracture in order to provide preventative treatment. Given the limited availability of dual-energy x-ray absorptiometry (DXA) and health resources, quantitative ultrasonometry (QUS) has emerged as an attractive tool for the mass screening scenario. The objective of this study was to evaluate whether a screening strategy using QUS as a pre-screening tool for bone densitometry would be cost effective and, if so, at what cut-off thresholds. Methods: Decision analytic models were used to compare the cost effectiveness and cost utility of several screening strategies: DXA measurement alone and pre-screening strategies that use different QUS index cut-off thresholds. For each strategy, and for hypothetical cohorts of women, we estimated the number of DXA scans required, the number of osteoporotic patients detected and missed, the total screening cost, and the incremental cost per patient detected. A validated Markov microsimulation model with a lifetime horizon and from a healthcare perspective was also computed in order to estimate the cost per quality-adjusted life-year (QALY) gained of the alternative screening strategies combined with 5 years of alendronate therapy for women who have osteoporosis (T-score -2.5 or less). Results: The DXA strategy had the highest cost and the highest number of patients with osteoporosis detected. Pre-screening strategies using QUS reduced the number of DXA scans per patient with osteoporosis detected and the total screening cost but they also missed patients with osteoporosis as the QUS index decreased. Pre-screening strategies using QUS T-scores of 0.0, -0.5, -2.0, and -2.5 were dominated by extended dominance, as their incremental cost-effectiveness ratios (ICERs) and incremental cost-utility ratios (ICURs) were higher than that of the next more effective alternative. The cost-effectiveness and cost-utility frontiers included no screening, pre-screening using QUS T-scores of -1.0 and -1.5, and DXA measurement alone. Conclusion: These results suggest that QUS may be useful as a pre-screening tool for bone densitometry given the limited availability of DXA and health resources, and that the QUS index T-scores of -1.0 and -1.5 are the most appropriate index. [less ▲]

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See detailAn economic evaluation of strontium ranelate for the treatment of male osteoporosis
Hiligsmann, Mickaël ULg; Ben Sedrine, Wafa ULg; Bruyère, Olivier ULg et al

in Osteoporosis International (2012, March), 23(Suppl. 2), 305-306

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See detailEconomic feasibility study of a small scale Organic Rankine Cycle system in waste heat recovery applications
Tchanche, Bertrand; Quoilin, Sylvain ULg; Declaye, Sébastien ULg et al

(2010, August)

The Organic Rankine Cycle (ORC) appears progressively as a promising solution to recover waste heat energy from thermal processes for electricity generation. A prototype of small-scale ORC has been built ... [more ▼]

The Organic Rankine Cycle (ORC) appears progressively as a promising solution to recover waste heat energy from thermal processes for electricity generation. A prototype of small-scale ORC has been built and successfully tested at the University of Liège. It uses R-245fa and R-123 as working fluid, and an oil-free scroll compressor adapted to run in expander mode. Thermodynamic model of the system was derived and validated for performance prediction. The validated thermodynamic model is used to optimize the operation of the small ORC in waste heat recovery application (ORC-WHR). For exhaust gases at 180 ºC and a mass flow rate of 0.21 kg/s, a maximum net power output of 2 kWe is obtained for an evaporator pressure of 11.84 bar. The cycle thermal efficiency is 8.23 and the recuperation efficiency, 66.32%. Based on the aforementioned conditions, the economic assessment of small scale ORC-WHR was carried out using economic criteria such as levelized electricity cost (LEC), Net present value (NPV) and depreciated payback period (DPP). For a 2kWe ORC-WHR, the specific installed cost is 5775 €/kW with a LEC of 13.27 c€/kWh while for a 50 kWe, the specific installed cost is about 3034 €/kW and the LEC, 7c€/kWh. For an electricity unit price of 20 c€/kWh, the payback period of a 2 kWe system is 6 years while it is 2.5 years for a 50 kWe system. It is concluded from the study that recovering the waste heat by way of ORCs is technically and economically feasible. As recycled energy, waste heat has the same advantages as renewable energy and should benefit from the same legislative conditions (Feed-in-Laws). [less ▲]

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See detailEconomic Geography
Merenne-Schoumaker, Bernadette ULg; Vlassenbroeck, Walter

in Bulletin de la Société Belge d'Etudes Géographiques = Tijdschrift van de Belgische Vereniging voor Aardrijkskundige Studies (1995), 1995(2), 101-106

Identification and classification of 180 publications published in economic themes of geography in Belgium from 1984 to 1995

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See detailEconomic growth and exchange rate uncertainty
Tharakan, Joseph ULg

in Applied Economics (1999)

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