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At least 37 records · Page 2

Optimal Financing Decision in a Contract Food Supply Chain with Capital Constraint

To solve the financing problem of the food producers, we consider a two‐echelon contract food supply chain composed of a family farm with capital constraints and a food processing enterprise. With no capital constraints as the benchmark model, we analyze optimal decisions of the family farm and the food processing enterprise in the case of bank financing with bank participation only and bank financing with “government, bank, and insurance” coparticipation. Then, we discuss how the risk of yield uncertainty influences the optimal decisions and profits of the family farm and the food processing enterprise under different financing situation. Meanwhile, the reason why the government subsidizes agriculture is explored, and the policy of minimum purchase price of the food is initiated when the market price is too low. Finally, the numerical examples and sensitivity analysis are presented. The results show that the bank financing with “government, bank, and insurance” coparticipation improves the welfare of supply chain members more obviously than the bank financing with bank participation only; when the rice price is too low, the policy of minimum purchase price of food is initiated, which increases the revenue and the growing enthusiasm of the family farm; the profits of the family farm and the food processing enterprise will decrease as the risk of yield uncertainty increases in the case of bank financing, and the risk of yield uncertainty will be reduced for the family farm when bank financing with “government, bank, and insurance” coparticipation.

Luo, Ying (ORCID:0000000158101443)↗

State Policies on Access to Vaccination Services for Low-Income Adults

Importance State vaccination benefits coverage and access for adult Medicaid beneficiaries vary substantially. Multiple studies have documented lower vaccination uptake in publicly insured adults compared with privately insured adults. Objective To evaluate adult Medicaid beneficiaries’ access to adult immunization services through review of vaccination benefits coverage in Medicaid programs across the 50 states and the District of Columbia. Design, Setting, and Participants A public domain document review with supplemental semistructured telephone survey was conducted between June 1, 2018, and June 14, 2019, to evaluate vaccination services benefits in fee-for-service and managed care organization arrangements for adult Medicaid beneficiaries in the 50 states and the District of Columbia (total, 51 Medicaid programs). Exposures Document review of benefits coverage for adult immunization services and supplemental survey with validation of document review findings. Main Outcomes and Measures Benefits coverage for adult Medicaid beneficiaries and reimbursement amounts for vaccine purchase and administration. Results Public domain document review was completed for all 51 jurisdictions. Among these, 44 Medicaid programs (86%) validated document review findings and completed the survey. Only 22 Medicaid programs (43%) covered all 13 Advisory Committee on Immunization Practices–recommended adult immunizations under both fee-for-service and managed care organization arrangements. Most fee-for-service arrangements (37 of 49) reimbursed health care professionals using any of the 4 approved vaccine administration codes; however, 8 of 49 programs did not separately reimburse for vaccine administration to adult Medicaid beneficiaries. Depending on administration route, median reimbursement for adult vaccine administration ranged from $\$9.81$ to $\$13.98$ per dose. Median per-dose reimbursement for adult vaccine purchase was highest for 9-valent human papillomavirus vaccine ($\$204.87$) and lowest for Haemophilus influenzae type b vaccine ($\$18.09$). Median reimbursement was below the private sector price for 7 of the 13 included vaccines. Conclusions and Relevance Even in programs with complete vaccination benefits coverage, reimbursement amounts to health care professionals for vaccine purchase and administration may not fully cover vaccination provision costs. Reimbursement amounts below costs may reduce incentives for health care professionals to vaccinate low-income adults and thereby limit Medicaid adult beneficiary access to vaccination.

60 APPLIED LIFE SCIENCES↗

Inappropriate antibiotic access practices at the community level in Eastern Ethiopia

Access to antibiotic medications is critical to achieving the Sustainable Development Goal for good health and well-being. However, non-prescribed and informal sources are implicated as the most common causes of inappropriate antibiotic access practices, resulting in untargeted therapy, which leads to antibiotic resistance. Hence, knowing antibiotic access practices at the community level is essential to target misuse sources. In this study, 2256 household representatives were surveyed between July and September 2023 to examine their antibiotic access practices. Of 1245 household members who received antibiotics, 45.6% did so inappropriately. Non-prescribed antibiotic access was more common among urban residents and individuals not enrolled in health insurance schemes. This means of antibiotic access was also more common among individuals concerned about distance, drug availability, and healthcare convenience at public facilities. In addition, women and rural individuals were more likely to get antibiotics from unauthorized sources. Unrestricted antibiotic dispensing practices in urban areas enabled their non-prescribed access, while unlicensed providers prevailed with this access practice in rural areas. In this regard, personal behaviors and healthcare-related gaps such as the lack of health insurance, inconvenience, and drug unavailability have led community members to seek antibiotics from unofficial and non-prescribed sources. Targeting the identified behavioral and institutional factors can enhance antibiotic access through prescriptions, hence reducing antibiotic resistance.

60 APPLIED LIFE SCIENCES↗

Climate change and federal aid disbursements after Hurricane Harvey: an extreme event attribution analysis

The role climate change plays in increasing the burden placed on governments and insurers to pay for recovery has not been extensively explored and is the focus of this study. This study examines the impacts of climate change attributed flooding on federal disaster aid disbursement in Harris County, Texas following Hurricane Harvey in 2017. Our approach uses flood models to estimate the amount of flood damages attributable and not attributable to climate change under two climate change attribution scenarios from peer reviewed studies: 20% and 38% increases in rainfall associated with the hurricane due to climate change. These estimates are combined with census tract-level disbursement data for FEMA’s National Flood Insurance Program (NFIP) and the Individual Assistance (IA) part of the Individuals and Households Program. We employ spatial lag regression models with direct and spatial spillover effects to analyze the relationship between a tract’s flood damages—both attributed and not attributed to climate change—and federal disaster aid. We find that both types of flood damage shape federal aid disbursements, but that climate change attributed damages tend to have larger effect sizes (elasticities) especially for IA. Specifically, for a 1% increase in additional climate change attributed damages per household in a census tract (under the 20% scenario), expected NFIP levels in that census tract are 0.26% higher and IA levels are 0.3% higher. Implications center on federal funding in an era of climate change.

FEMA↗

Restoring Homes After Wildfires, Interviews with Practitioners about Common Cleanup Approaches and Knowledge Gaps

This document summarizes the key themes from our interviews with 10 remediation companies regarding common approaches used to remove odor and contaminants from homes impacted by fire and smoke damage Remediation companies are in agreement that thorough cleaning is the first step. Cleaning and removing contaminants from homes impacted by wildfires may be sufficient to eliminate smoke odor, which is the most important step when it comes to reducing exposure to any residues that may pose health risks to residents. Remediation companies differ in their approaches to addressing odors, such as using ozone generators, hydroxyl generators, chlorine dioxide treatment, thermal fogging and applying sealants. Their opinions of what works and why differs. There is little consensus on efficacy, safety, or application protocols. For example, some view ozone very favorably, while others would prefer using other methods. The influence of insurance companies in their coverage for some methods but not others also impact the decision about the approaches used. Remediation companies differ in their view on laboratory testing for contaminants, which may be partly influenced by insurance companies as well.

99 GENERAL AND MISCELLANEOUS↗

TRAILS Output Files

Overview This data repository contains ZIP files that store compressed versions of the output of running the WaterPaths utility planning and management tool in the DU Re-Evaluation mode (to download the tool, please see this GitHub repository). The tool was used to simulate the six-utility North Carolina Research Triangle problem. Details on the contents of each ZIP file can be seen below. Data details Temporal range: Weekly data for 2,344 weeks from 2015 to 2060 (45 years). Spatial range: Six water utilities in the North Carolina Research Triangle region (0: Chapel Hil/OWASA, 1: Durham, 2: Cary, 3: Raleigh, 4: Pittsboro, and 5: Chatham) File types: CSV and OUT Different solutions available The solution numbers correspond to the different pathway strategies (henceforth referred to as "solutions") discussed in paper's main and supporting text (abstract and link to the paper here). They are as follows: Sol92: The Durham-focused pathway strategy Sol132: The Raleigh-focused pathway strategy Sol140: The regionally-robust pathway strategy Objectives files These files can be accessed by unzipping solXX_objectives_pathways.zip that contains 1,000 Objectives_RDMXX_solsXX_to_XX.csv files. Each CSV file will consist of a row representing all the objective values for that specific solution, while every six columns represents the reliability, restriction frequency, infrastructure net present value ($ mil), peak financial cost, worst-case cost, and unit cost ($ per MG; in that order) for each of the six utilities. There will be 1,000 such files, denoting the performance of the six utilities across the 1,000 deeply uncertain states of the world (DU SOWs). Pathway files These files can be accessed by unzipping solXX_objectives_pathways.zip that contains 1,000 Pathways_sXX_RDMXX.out file. Each OUT corresponds to the set of infrastructure being triggered in a specific DU SOW, and each file will have the name file will consist of four tab-delimited columns that are described as follows: Realization: The realization in which an infrastructure options being triggered utility: The utility currently triggering infrastructure week: The week in which a specific infrastructure option is being triggered infra.: The infrastructure option being triggered If the OUT file contains only the header line, no infrastructure was triggered for that specific DU SOW. Policies files These files can be obtained by unzipping Policies.zip. Each of the 1,000 CSV files within the unzipped folder will contain weekly water use restriction policies for all 1,000 hydroclimatic realizations within a specific DU SOW. The column structure is as follows: 0rest_m: restriction multiplier for utility 0 (values between 0 and 1) 1rest_m: restriction multiplier for utility 1 (values between 0 and 1) 2rest_m: restriction multiplier for utility 2 (values between 0 and 1) 3rest_m: restriction multiplier for utility 3 (values between 0 and 1) 4rest_m: restriction multiplier for utility 4 (values between 0 and 1) 5rest_m: restriction multiplier for utility 5 (values between 0 and 1) 0transf: transfer volume for utility 0 (in MGD) 1transf: transfer volume for utility 1 (in MGD) 2transf: transfer volume for utility 2 (in MGD) 3transf: transfer volume for utility 3 (in MGD) 4transf: transfer volume for utility 4 (in MGD) 5transf: transfer volume for utility 5 (in MGD) Water Sources files These files can be obtained by unzipping WaterSources_subset.zip. Each of the 100 CSV files within the unzipped folder will contain weekly state variables at each water source for all 1,000 hydroclimatic realizations within a specific DU SOW. The column structure is as follows: Xvolume: available water volume from source X (in MGD) Xs_area: surface area of source X (in ACF) Xdemand: demand drawn from a water source from source X (in MGD) Xup_spill: upstream spillage from source X (in MGD) Xww_inflow: wastewater inflow from source X (in MGD) Xcatch_inflow: upstream catchment inflow to source X (in MGD) Xevap: evaporation multiplier for source X (values between 0 and 1) Xds_spill: downstream spillage from source X (in MGD) X_Y_alloc_cap: the allocated capacity from source X to utility Y (values between 0 and 1) X_Y_alloc_dem: the allocated demand from source X to utility Y (values between 0 and 1) Xtrmt_alloc_Y: the allocated treatment capacity from source X to utility Y (values between 0 and 1) Utilities files These files can be obtained by unzipping Utilities_subset.zip. Each of the 100 CSV files within the unzipped folder will contain weekly state variables at each utility for all 1,000 hydroclimatic realizations within a specific DU SOW. The column structure is as follows: Xst_vol: total available storage volume of utility X (in MG) Xcapacity: total storage capacity of utility X (in MG) Xnet_inf: : net inflow for all storage infrastructure for utility X (in MGD) Xst_rof: short term ROF for utility X (values between 0 and 1) Xst_stor_rof: short-term storage ROF for utility X (values between 0 and 1) Xst_trmt_rof: short-term treatment ROF for utility X (values between 0 and 1) Xlt_rof: long-term ROF for utility X (values between 0 and 1) Xlt_stor_rof: long-term storage ROF for utility X (values between 0 and 1) Xlt_trmt_rof: long-term treatment ROF for utility X (values between 0 and 1) Xrest_demand: restricted demand for utility X (in MGD) Xunrest_demand: unrestricted demand for utility X (in MGD) Xunfulf_demand: unfulfilled demand for utility X (in MGD) Xwastewater: wastewater return for utility X (in MGD) Xtreat_capacity: total treatment capacity for utility X (in MG) Xcont_fund: reserve (contingency) fund balance for utility X Xins_pout: insurance payout for utility X (% annual volumetric revenue) Xins_price: insurance price for utility X (% annual volumetric revenue) Xinfra_npv: infrastructure net present value for utility ($mil) Xst_vol: total available storage volume of utility X (in MG) Xdebt_serv: debt service for utility X (usually once per year if the infrastructure is triggered; % annual volumetric revenue) Xstor_vol: total stored volume (in MGD) Xobs_ann_dem: observed annual demand for utility X (in MGD) Xproj_dem: projected annual demand for utility X (in MGD) Xpv_debt_serv: present value of debt service payments for utility X (% annual volumetric revenue) Xgross_rev: gross revenue for utility X ($mil) Acknowledgment IM3 is a multi-institutional effort led by Pacific Northwest National Laboratory and supported by the U.S. Department of Energy's Office of Science as part of research in MultiSector Dynamics, Earth and Environmental Systems Modeling Program.

Artificial Intelligence↗

Expanding the Field of Climate Finance

Over the past twenty-one years, the Financial Innovations Roundtable (FIR), located at the Carsey School of Public Policy at the University of New Hampshire, has worked to address problems related to access to capital for low- and moderate-income consumers and communities. Since 2014, the event has been co-hosted by the Federal Reserve Board. The FIR works with a range of financial institutions, government agencies, foundations, and trade associations to access their expertise for problem-solving discussions. The 2020 FIR focused on the expanding field of climate finance and was co-hosted by the Federal Reserve Bank of San Francisco and The Climate Safe Lending Network. The event was originally slated to be in-person in San Francisco in May 2020 but was postponed due to the pandemic and shifted to an online event hosted November 16‒17, 2020. A significant amount has happened in 2020 on climate finance, racial justice, the economy, and COVID-19. The shocks and stresses of climate change are creating risks in low- and moderate-income communities as well as in the financial sector broadly. The 2020 FIR offered an opportunity to discuss the challenges and opportunities banks and Community Development Financial Institutions (CDFIs) face as they address these risks and how these institutions can help increase individual, institutional, and community-wide resilience. The program explored new and modified products that address climate risk in communities and how those products can be scaled. Conversations focused around: • The progress that has been made in the climate finance field and the challenges that lie ahead for financial institutions’ climate impact and climate-related risk. • Promising opportunities to decarbonize investments and finance low-carbon technology and infrastructure. • How lenders, insurers, housing organizations, and the public sector can work together to reduce housing instability due to climate-related factors and increase the climate-resilience of homes and neighborhoods. • Solutions to help communities address a wide range of related issues, including home weatherization and disaster preparation, home insurance loss, and climate gentrification and displacement. • Discussing lessons learned from other sectors such as renewable energy in order to design both people-based and place-based finance solutions that promote racial and economic inclusion. 1 • The need for all financial institutions to acknowledge that climate risks and racial inequity are systemic risks affecting their bottom line. • The role that bank regulators can play in promoting collaboration across the financial sector and in leading by example with regard to climate finance. • Mapping out concrete action-item initiatives including policy and industry pathways to climate safe lending as well as building a financing platform to provide clean energy to low-income communities. • More broadly, in order to systemically address climate risks, we will need to work together as a range of stakeholders across sectors and collaborate on shared goals and projects.

14 SOLAR ENERGY↗

Hypofractionated Radiation Therapy for Breast Cancer: Financial Risk and Expenditures in the United States, 2008 to 2017

Rising cancer care expenditures and technological advancement of shorter radiation therapy regimens have drawn significant attention to the use of hypofractionated radiation therapy in clinical care. We examine the costs of hypofractionated whole breast irradiation (HF-WBI) compared with conventional whole breast irradiation (CF-WBI) in the United States and investigate the influences of patient characteristics and commercial insurance on HF-WBI use.

62 RADIOLOGY AND NUCLEAR MEDICINE↗

The distributional impact of FEMA’s community rating system

Community Rating System (CRS) incentivizes investments in risk reduction above NFIP standards using discounts on insurance premiums. These discounts are cross-subsidized by increasing premiums in non-CRS communities. We examine the distribution of these subsidies and find that redistribution does occur, but the gains and losses are not economically large with 95% of households gaining or losing no more than 0.3% of household income. We also examine their relationship with other community characteristics and find that the strongest predictor of premium reductions is the underlying flood risk level within the community. Thus, CRS appears to reduce the cost of living in the riskier communities.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Field Accelerated Stress Testing (FAST): Forecasting Plant-specific Failure Modes and Degradation Rates

Photovoltaic plant owners and insurance companies would like to be prepared for the forthcoming material warranty claims (material defects) and power warranty claims (degradation rate). To address the needs of these stakeholders, this presentation aims to introduce a new conceptual approach to perform accelerated testing right at the field of interest and it is called field accelerated stress testing (FAST). The primary goal of this presentation is to present a conceptual approach to forecast the field specific failure modes and degradation rates in advance by a factor of 2 to 5, right at the plant site using a few spare modules available at the plant location itself.

14 SOLAR ENERGY↗

Supercell precipitation contribution to the United States hydroclimate

Abstract This research seeks to understand simulated supercell precipitation characteristics across the conterminous United States (CONUS) using high‐resolution, convection‐permitting, dynamically downscaled simulations for three 15‐year epochs. Epochs include a historical end‐of‐20th‐century period (1990–2005) and two end‐of‐21st‐century (2085–2100) scenarios for intermediate and pessimistic greenhouse gas concentration trajectories. Simulated updraft helicity, which measures the corkscrew flow within a storm's updraft, is used as a proxy for supercells. An algorithm tracks and catalogues updraft helicity swaths that, when buffered, are used to acquire simulated precipitation from supercells. The historical epoch provides a baseline climatology of supercell precipitation for a contemporary climate, which is then compared against the two future epochs to assess how supercell precipitation may change during the 21st century. Despite their relatively small size, supercells provide critical precipitation to the Wheat and Corn Belts, large expanses of CONUS pasture and rangeland, regional aquifers and several large river basins. Many areas in the central CONUS receive upwards of 3%–6% of their annual and 5%–8% of their warm‐season precipitation from these storms. Results suggest that precipitation contribution from supercells will decrease in the future across most of the High Plains and Central and Northern Great Plains with robust increases likely across the south‐central and Southeast regions. Supercell precipitation rates are expected to increase for large portions of the CONUS by the end‐of‐the‐21st‐century, suggesting a growing threat for flash floods from these storms as they become more efficient precipitation producers. This research provides an initial perspective on the magnitude of supercell precipitation and potential changes to this important hydrologic input to assist water‐sensitive industries, private and public insurance markets, agriculture entities, as well as inform plans to mitigate and build resilience to rapid environmental and societal change.

Meteorology & Atmospheric Sciences↗

Energy use of residential safety, security, and health devices

Miscellaneous electrical loads (MELs) are responsible for a significant fraction of energy consumption in buildings. This paper addresses one category of MELs: Safety, Security, and Health Devices (SSHDs). Common SSHDs include: electrical life safety equipment, smoke alarms, radon mitigation fans, and home oxygen concentrators. The installation or use of these devices is dictated by building codes, health providers, insurance companies, and other entities—none of which would ordinarily consider energy efficiency a priority. For this project, the most important residential devices were explored in terms of their governing regulations, functions, technologies, and energy use. The power consumption of 41 life safety SSHDs were measured. Individual power consumption of life safety devices is very small but many are typically required in every home. Devices performing the same functions have wide ranges in power use. Opportunities for reducing SSHD energy use were investigated, the results are summarized, and recommendations are made for further actions that could be taken to reduce SSHD energy use. Finally, SSHDs identified in this paper are responsible for at least one percent of current U.S. residential electricity consumption, but that number will climb steadily as existing buildings are upgraded and new types of SSHDs appear.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

Localized energy burden, concentrated disadvantage, and the feminization of energy poverty

Energy burden directly influences households' health and safety. Amid a growing literature on energy, poverty and gender remains relatively understudied. We evaluate socioeconomic, geographic, and health factors as multidimensions of concentrated disadvantage that magnify energy burden in the United States over time. We show that the energy burden is more pronounced in disadvantaged counties with larger elderly, impoverished, disabled people, and racialized populations where people do not have health insurance. Neighborhoods with households headed by women of color (especially Black women) are more likely to face a high energy burden, which worsened during the COVID-19 pandemic. Although energy costs are often regarded as an individual responsibility, these findings illustrate the feminization of energy poverty and indicate the need for an intersectional and interdisciplinary framework in devising energy policy directed to households with the most severe energy burden.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Potential Benefits in Remapping the Special Flood Hazard Area: Evidence from the U.S. Housing Market

A typical U.S. homebuyer's understanding of whether a property faces flood risk is based on whether the property is located inside the National Flood Insurance Program's (NFIP) Special Flood Hazard Area (SFHA). The SFHA boundary, however, may bias homebuyers’ perceptions of flood risk relative to unobserved true risk because the SFHA is an incomplete, and sometimes inaccurate, representation of flood hazards. Using a national dataset of property transactions, flood hazard data from the First Street Foundation, state-level measures of flood disclosure laws, and a spatially restricted triple-difference design, we distinguish capitalization effects of policy-driven (SFHA) versus quasi-objective (First Street) indicators of flood hazard. We identify these effects by assessing thousands of local spatial interactions between property SFHA designations, measures of quasi-objective flood hazard, and being in a state that mandates flood history disclosures. Being inside the SFHA generates a risk discount, but the signal is muted relative to underlying hazard exposure. Further, the SFHA signal can result in inefficient discounts for properties erroneously mapped in the SFHA. Disclosure requirements about flood history accentuate price effects for hazardous properties and result in more adequate risk internalization. In the absence of disclosures, however, we find either no or a weak risk signal for houses outside the SFHA that face flood hazard. Our results highlight potential benefits of updating SFHA boundaries to include all houses that may experience flooding, and argue in favor of requiring flood-related disclosures from sellers to improve the market's ability to internalize flood risk.

54 ENVIRONMENTAL SCIENCES↗

Factors influencing recent trends in retail electricity prices in the United States

This study analyzes the primary drivers of recent state-level trends in U.S. retail electricity prices. We summarize pricing trends, explore descriptive relationships, and employ regression models to quantify the influence of various factors. Although the recent national rise in retail prices has largely tracked inflation, state-level trends vary widely. We identify a number of factors that explain trends in subsets of states. States with the greatest price increases typically exhibited shrinking customer loads—partially linked to growth in net metered behind-the-meter solar—and had renewables portfolio standards (RPS) in concert with relatively costly incremental renewable energy supplies. By contrast, recent utility-scale wind and solar deployment that occurred outside RPS programs (but that benefited from tax incentives) had no discernible impact on increased retail prices. Hurricanes, storms and wildfires also contributed to sizable price increases in some states, most notably in California, where wildfire risk mitigation and liability insurance were major cost drivers. Fluctuations in natural gas prices—particularly following the onset of the Ukraine-Russia war—further contributed to sharp price increases through 2022–2023 in many states, with moderation in 2024. The relative influence of these factors varies across states and over time, and relationships may change in the future. Nonetheless, the findings underscore the diverse set of price determinants and highlight the need for continued research to inform effective policy and ensure customer affordability.

Customer load↗

Explaining the trends and variability in the United States tornado records using climate teleconnections and shifts in observational practices

The annual frequency of tornadoes during 1950–2018 across the major tornado-impacted states were examined and modeled using anthropogenic and large-scale climate covariates in a hierarchical Bayesian inference framework. Anthropogenic factors include increases in population density and better detection systems since the mid-1990s. Large-scale climate variables include El Niño Southern Oscillation (ENSO), Southern Oscillation Index (SOI), North Atlantic Oscillation (NAO), Pacific Decadal Oscillation (PDO), Arctic Oscillation (AO), and Atlantic Multi-decadal Oscillation (AMO). The model provides a robust way of estimating the response coefficients by considering pooling of information across groups of states that belong to Tornado Alley, Dixie Alley, and Other States, thereby reducing their uncertainty. The influence of the anthropogenic factors and the large-scale climate variables are modeled in a nested framework to unravel secular trend from cyclical variability. Population density explains the long-term trend in Dixie Alley. The step-increase induced due to the installation of the Doppler Radar systems explains the long-term trend in Tornado Alley. NAO and the interplay between NAO and ENSO explained the interannual to multi-decadal variability in Tornado Alley. PDO and AMO are also contributing to this multi-time scale variability. SOI and AO explain the cyclical variability in Dixie Alley. This improved understanding of the variability and trends in tornadoes should be of immense value to public planners, businesses, and insurance-based risk management agencies.

54 ENVIRONMENTAL SCIENCES↗