Investigation of Convex Hull Pricing at Midwest ISO
|
|
- Bennett Garrett
- 7 years ago
- Views:
Transcription
1 Invesigaion of Convex Hull Pricing a Midwes ISO Paul Gribik Prepared for HEPG Cambridge, MA Ocober 1, 2009 Opinions expressed are hose of he auhor and may no represen hose of Midwes ISO
2 MISO s Curren Pricing Mehod Midwes ISO marke srucure: Bid-based day-ahead marke using securiy consrained uni commimen and economic dispach (SCUC and SCED); Bid-based reliabiliy commimen process using SCUC o ensure ha sufficien capaciy will be on-line o mee forecas real-ime requiremens; Bid-based real-ime securiy consrained economic dispach. Locaional prices for day-ahead and real-ime selemens deermined d in SCED wih fixed commimen as se in SCUC. The price a a locaion is he marginal cos of meeing he energy requiremen (or ancillary service requiremen) in he SCED. Prices are produced by solving he dual of he SCED problem. 2
3 Basis for Curren Locaional Prices Assume fixed commimen. Microeconomics: The prices are marke clearing prices. Each generaor (load) would wan o produce (consume) as scheduled o maximize is profis. The prices are efficien prices. All generaors and loads would wan o follow he schedule, which maximizes socieal surplus. Game heory (marke games): Using he prices o allocae he socieal surplus o generaors, loads, and ransmission righs holders eliminaes incenives o leave he pool dispach. No subse of generaors and loads could improve is overall posiion by scheduling ouside he marke. The allocaion of socieal surplus using he prices is in he core of he marke game. 3
4 Effecs of Adding Commimen o he Mix Make commimen decisions par of he problem. Microeconomics: There usually are no marke clearing prices. Canno se prices which would incenivize profi maximizing generaors (loads) o produce (consume) a scheduled levels. Under MISO s curren pricing mehod, sar-up coss and no- load coss do no affec he marke prices.» MISO pays uplifs o ensure ha generaors are no paid less han heir bid coss for producion.» This is RSG in MISO. Game heory (marke games): There may no be prices ha can be used o allocae socieal surplus ha compleely eliminae any incenive for paries o self schedule. MISO worked wih LECG o develop a pricing approach o address hese and oher shorcomings. 4
5 Convex Hull Pricing Convex hull prices (CHPs) are calculaed by solving he dual of he SCUC problem raher han he SCED problem. Convex hull prices: Minimize he addiional paymens (uplifs) needed o incenivize profi maximizing generaors (loads) o produce (consume) a scheduled levels. Incorporae sar-up coss and no-load coss in he prices. Minimize incenives for paries o leave he pool commimen and dispach o self schedule when convex hull prices are used o allocae socieal surplus. Any addiional profi ha a coaliion could achieve by self-scheduling ouside he marke is bounded by he uplifs described above. Since finding rading parners wih whom o self-schedule is no wihou coss, his ends o reduce any incenive o schedule ouside he marke. 5
6 SCUC We can wrie a sylized version of SCUC: GenCos g LoadVal d min i i j j g, d i j subjec o e T g e Flow T T k T d LossSen d g OffSe max g d F k, Consrains on individual generaors i Consrains on individual demands k j 6
7 Dual for SCUC (CHP Problem) We can form a dual for he SCUC: OffSe F max k k k GenCosi gi LoadVal j d j i j min T T T T g, max d k Flowk, e g e d LossSen d g g d k subjec o Consrains on individual generaors i j Consrains on individual demands subjec o k 0 The convex hull prices are e LossSen k k Flow k 7
8 Solving for Convex Hull Prices The SCUC dual is a difficul problem: Is objecive funcion is non-differeniable; I is very large scale for he MISO s sysem: Around 5000 ransmission consrains; Around 1000 generaors; 24 coupled hours in day-ahead. MISO worked wih consulans o es several classes of soluion echniques: Subgradien descen mehods; Cuing plane mehods. Analyic Cener Cuing Plane appears o be mos promising. 8
9 Handling Transmission Consrains MISO s sysem has around 5000 ransmission consrains, however very few are binding in SCUC/SCED in any hour. Usually less han 10 ransmission consrains are binding in a given hour. To reduce he number of ransmission consrains in he CHP problem, we seleced binding and near binding ransmission i consrains in he SCUC/SCED soluion. 9
10 Example Problem Example problem from November Day-Ahead marke (energy only). Number of generaors: 1009 Number of ransmission consrains modeled: 18 Sudy period: 24 hours. Compuer used: 64 bi desk op, 2.33GHz, 4GB of RAM running Windows XP 64 bi. Performance summary: Number of ieraions: 191 Soluion ime: 223 seconds The sofware was for proof of concep. I was no opimized for speed. LPs solved using MATLAB. No performance enhancemen mehods such as ho-saring he LPs using soluion from previous ieraion were used. All indicaions are ha problem can be solved in pracice. 10
11 Dual Objecive Funcion Value by Ieraion 18,000,000 17,000,000 16,000,000 15,000,000 14,000,000 13,000,000 12,000,000 11,000,000 10,000,000 9,000,000 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000, ,000,
12 1.00E+00 Convergence of Dual Price Vecor 1.00E pimal Prices) / Norm m(opimal Prices) Norm(Prices - O 1.00E E E E
13 Comparison of Convex Hull Prices and Curren Prices Convex hull prices a reference node compared o curren prices a reference node: The average convex hull price a he reference node is $24.0/MWh compared o he average reference node price of $21.8/MWh using curren pricing srucure. The increase of $2.2/MWh reflecs he effecs of including sar-up and no-load coss in seing prices. 13
14 Why Include Near-Binding Consrains MISO may have o commi a generaor o manage a ransmission consrain. If he generaor is no commied, he flow may exceed he ransmission limi. Wih he generaor commied, he flow may be under he limi. Curren pricing mehod would se a shadow price of zero on he consrain since i is no binding in SCED. No price difference exiss beween nodes on eiher side of he consrain even hough h coss are incurred o manage he consrain. Convex hull pricing ses a non-zero shadow price on he consrain based on he need o commi a uni o manage he consrain. The consrain is financially binding and price differences exis beween nodes on differen sides of he consrain. This has been observed in example problems. 14
15 Curren Work MISO is working wih LECG o address inegraing g Day-Ahead and Real-Time markes. Handling of uplifs arising in he wo markes o ensure ha a paricipan is no paid wice for he same acion. Deermining which resources and coss o include when calculaing Real-Time CHPs. MISO is also working wih sofware vendors. Complee he incorporaion of ancillary services in he CHP sofware. Improve soluion algorihms. 15
16 Paul Gribik Conac Informaion Sr. Direcor, Marke Developmen and Analysis
Acceleration Lab Teacher s Guide
Acceleraion Lab Teacher s Guide Objecives:. Use graphs of disance vs. ime and velociy vs. ime o find acceleraion of a oy car.. Observe he relaionship beween he angle of an inclined plane and he acceleraion
More informationChapter 5. Aggregate Planning
Chaper 5 Aggregae Planning Supply Chain Planning Marix procuremen producion disribuion sales longerm Sraegic Nework Planning miderm shorerm Maerial Requiremens Planning Maser Planning Producion Planning
More informationForm measurement systems from Hommel-Etamic Geometrical tolerancing in practice DKD-K-02401. Precision is our business.
Form measuremen sysems from Hommel-Eamic Geomerical olerancing in pracice DKD-K-02401 Precision is our business. Drawing enries Tolerance frame 0.01 0.01 Daum leer Tolerance value in mm Symbol for he oleranced
More informationNikkei Stock Average Volatility Index Real-time Version Index Guidebook
Nikkei Sock Average Volailiy Index Real-ime Version Index Guidebook Nikkei Inc. Wih he modificaion of he mehodology of he Nikkei Sock Average Volailiy Index as Nikkei Inc. (Nikkei) sars calculaing and
More informationThe Application of Multi Shifts and Break Windows in Employees Scheduling
The Applicaion of Muli Shifs and Brea Windows in Employees Scheduling Evy Herowai Indusrial Engineering Deparmen, Universiy of Surabaya, Indonesia Absrac. One mehod for increasing company s performance
More informationAppendix D Flexibility Factor/Margin of Choice Desktop Research
Appendix D Flexibiliy Facor/Margin of Choice Deskop Research Cheshire Eas Council Cheshire Eas Employmen Land Review Conens D1 Flexibiliy Facor/Margin of Choice Deskop Research 2 Final Ocober 2012 \\GLOBAL.ARUP.COM\EUROPE\MANCHESTER\JOBS\200000\223489-00\4
More informationGUIDE GOVERNING SMI RISK CONTROL INDICES
GUIDE GOVERNING SMI RISK CONTROL IND ICES SIX Swiss Exchange Ld 04/2012 i C O N T E N T S 1. Index srucure... 1 1.1 Concep... 1 1.2 General principles... 1 1.3 Index Commission... 1 1.4 Review of index
More informationOutline. Role of Aggregate Planning. Role of Aggregate Planning. Logistics and Supply Chain Management. Aggregate Planning
Logisics and upply Chain Managemen Aggregae Planning 1 Ouline Role of aggregae planning in a supply chain The aggregae planning problem Aggregae planning sraegies mplemening aggregae planning in pracice
More informationPerformance Center Overview. Performance Center Overview 1
Performance Cener Overview Performance Cener Overview 1 ODJFS Performance Cener ce Cener New Performance Cener Model Performance Cener Projec Meeings Performance Cener Execuive Meeings Performance Cener
More informationAutomatic measurement and detection of GSM interferences
Auomaic measuremen and deecion of GSM inerferences Poor speech qualiy and dropped calls in GSM neworks may be caused by inerferences as a resul of high raffic load. The radio nework analyzers from Rohde
More informationDETERMINISTIC INVENTORY MODEL FOR ITEMS WITH TIME VARYING DEMAND, WEIBULL DISTRIBUTION DETERIORATION AND SHORTAGES KUN-SHAN WU
Yugoslav Journal of Operaions Research 2 (22), Number, 6-7 DEERMINISIC INVENORY MODEL FOR IEMS WIH IME VARYING DEMAND, WEIBULL DISRIBUION DEERIORAION AND SHORAGES KUN-SHAN WU Deparmen of Bussines Adminisraion
More information2.4 Network flows. Many direct and indirect applications telecommunication transportation (public, freight, railway, air, ) logistics
.4 Nework flow Problem involving he diribuion of a given produc (e.g., waer, ga, daa, ) from a e of producion locaion o a e of uer o a o opimize a given objecive funcion (e.g., amoun of produc, co,...).
More informationMorningstar Investor Return
Morningsar Invesor Reurn Morningsar Mehodology Paper Augus 31, 2010 2010 Morningsar, Inc. All righs reserved. The informaion in his documen is he propery of Morningsar, Inc. Reproducion or ranscripion
More informationEcodesign Requirements for Electric Motors Towards a System-Approach. Demonstrating the benefits of motor starters for fixed speed applications
Ecodesign Requiremens for Elecric Moors Towards a Sysem-Approach Demonsraing he benefis of moor sarers for fixed speed applicaions A message from he CAPIEL Presidens Philippe Sauer CAPIEL Presiden Karlheinz
More informationSHB Gas Oil. Index Rules v1.3 Version as of 1 January 2013
SHB Gas Oil Index Rules v1.3 Version as of 1 January 2013 1. Index Descripions The SHB Gasoil index (he Index ) measures he reurn from changes in he price of fuures conracs, which are rolled on a regular
More informationAP Calculus BC 2010 Scoring Guidelines
AP Calculus BC Scoring Guidelines The College Board The College Board is a no-for-profi membership associaion whose mission is o connec sudens o college success and opporuniy. Founded in, he College Board
More informationTask is a schedulable entity, i.e., a thread
Real-Time Scheduling Sysem Model Task is a schedulable eniy, i.e., a hread Time consrains of periodic ask T: - s: saring poin - e: processing ime of T - d: deadline of T - p: period of T Periodic ask T
More informationThe Grantor Retained Annuity Trust (GRAT)
WEALTH ADVISORY Esae Planning Sraegies for closely-held, family businesses The Granor Reained Annuiy Trus (GRAT) An efficien wealh ransfer sraegy, paricularly in a low ineres rae environmen Family business
More informationResearch on Inventory Sharing and Pricing Strategy of Multichannel Retailer with Channel Preference in Internet Environment
Vol. 7, No. 6 (04), pp. 365-374 hp://dx.doi.org/0.457/ijhi.04.7.6.3 Research on Invenory Sharing and Pricing Sraegy of Mulichannel Reailer wih Channel Preference in Inerne Environmen Hanzong Li College
More informationPROFIT TEST MODELLING IN LIFE ASSURANCE USING SPREADSHEETS PART ONE
Profi Tes Modelling in Life Assurance Using Spreadshees PROFIT TEST MODELLING IN LIFE ASSURANCE USING SPREADSHEETS PART ONE Erik Alm Peer Millingon 2004 Profi Tes Modelling in Life Assurance Using Spreadshees
More informationMarkit Excess Return Credit Indices Guide for price based indices
Marki Excess Reurn Credi Indices Guide for price based indices Sepember 2011 Marki Excess Reurn Credi Indices Guide for price based indices Conens Inroducion...3 Index Calculaion Mehodology...4 Semi-annual
More informationAP Calculus AB 2013 Scoring Guidelines
AP Calculus AB 1 Scoring Guidelines The College Board The College Board is a mission-driven no-for-profi organizaion ha connecs sudens o college success and opporuniy. Founded in 19, he College Board was
More informationCALCULATION OF OMX TALLINN
CALCULATION OF OMX TALLINN CALCULATION OF OMX TALLINN 1. OMX Tallinn index...3 2. Terms in use...3 3. Comuaion rules of OMX Tallinn...3 3.1. Oening, real-ime and closing value of he Index...3 3.2. Index
More informationUSE OF EDUCATION TECHNOLOGY IN ENGLISH CLASSES
USE OF EDUCATION TECHNOLOGY IN ENGLISH CLASSES Mehme Nuri GÖMLEKSİZ Absrac Using educaion echnology in classes helps eachers realize a beer and more effecive learning. In his sudy 150 English eachers were
More informationDouble Entry System of Accounting
CHAPTER 2 Double Enry Sysem of Accouning Sysem of Accouning \ The following are he main sysem of accouning for recording he business ransacions: (a) Cash Sysem of Accouning. (b) Mercanile or Accrual Sysem
More informationBehavior Analysis of a Biscuit Making Plant using Markov Regenerative Modeling
Behavior Analysis of a Biscui Making lan using Markov Regeneraive Modeling arvinder Singh & Aul oyal Deparmen of Mechanical Engineering, Lala Lajpa Rai Insiue of Engineering & Technology, Moga -, India
More informationESIGN Rendering Service
Markeing maerials on demand wihou phoo shoos or se-up Wih he ESIGN Rendering Service, we produce new, prinready markeing maerials for you in a cos-efficien and imely manner for he design of brochures,
More informationImproving Technical Trading Systems By Using A New MATLAB based Genetic Algorithm Procedure
4h WSEAS In. Conf. on NON-LINEAR ANALYSIS, NON-LINEAR SYSTEMS and CHAOS, Sofia, Bulgaria, Ocober 27-29, 2005 (pp29-34) Improving Technical Trading Sysems By Using A New MATLAB based Geneic Algorihm Procedure
More informationChapter 7. Response of First-Order RL and RC Circuits
Chaper 7. esponse of Firs-Order L and C Circuis 7.1. The Naural esponse of an L Circui 7.2. The Naural esponse of an C Circui 7.3. The ep esponse of L and C Circuis 7.4. A General oluion for ep and Naural
More informationDirec Manipulaion Inerface and EGN algorithms
A Direc Manipulaion Inerface for 3D Compuer Animaion Sco Sona Snibbe y Brown Universiy Deparmen of Compuer Science Providence, RI 02912, USA Absrac We presen a new se of inerface echniques for visualizing
More informationMolding. Injection. Design. GE Plastics. GE Engineering Thermoplastics DESIGN GUIDE
apple GE Plasics GE Engineering Thermoplasics DESIGN GUIDE Wall Thickness Paring Lines Ejecion Appearance Pars Ribs/Gusses Bosses Holes Depressions Radii, Filles and Corners Molding Design Injecion s for
More informationThe option pricing framework
Chaper 2 The opion pricing framework The opion markes based on swap raes or he LIBOR have become he larges fixed income markes, and caps (floors) and swapions are he mos imporan derivaives wihin hese markes.
More informationLEVENTE SZÁSZ An MRP-based integer programming model for capacity planning...3
LEVENTE SZÁSZ An MRP-based ineger programming model for capaciy planning...3 MELINDA ANTAL Reurn o schooling in Hungary before and afer he ransiion years...23 LEHEL GYÖRFY ANNAMÁRIA BENYOVSZKI ÁGNES NAGY
More informationTEMPORAL PATTERN IDENTIFICATION OF TIME SERIES DATA USING PATTERN WAVELETS AND GENETIC ALGORITHMS
TEMPORAL PATTERN IDENTIFICATION OF TIME SERIES DATA USING PATTERN WAVELETS AND GENETIC ALGORITHMS RICHARD J. POVINELLI AND XIN FENG Deparmen of Elecrical and Compuer Engineering Marquee Universiy, P.O.
More informationMarket Liquidity and the Impacts of the Computerized Trading System: Evidence from the Stock Exchange of Thailand
36 Invesmen Managemen and Financial Innovaions, 4/4 Marke Liquidiy and he Impacs of he Compuerized Trading Sysem: Evidence from he Sock Exchange of Thailand Sorasar Sukcharoensin 1, Pariyada Srisopisawa,
More informationRC (Resistor-Capacitor) Circuits. AP Physics C
(Resisor-Capacior Circuis AP Physics C Circui Iniial Condiions An circui is one where you have a capacior and resisor in he same circui. Suppose we have he following circui: Iniially, he capacior is UNCHARGED
More informationcooking trajectory boiling water B (t) microwave 0 2 4 6 8 101214161820 time t (mins)
Alligaor egg wih calculus We have a large alligaor egg jus ou of he fridge (1 ) which we need o hea o 9. Now here are wo accepable mehods for heaing alligaor eggs, one is o immerse hem in boiling waer
More informationAnalogue and Digital Signal Processing. First Term Third Year CS Engineering By Dr Mukhtiar Ali Unar
Analogue and Digial Signal Processing Firs Term Third Year CS Engineering By Dr Mukhiar Ali Unar Recommended Books Haykin S. and Van Veen B.; Signals and Sysems, John Wiley& Sons Inc. ISBN: 0-7-380-7 Ifeachor
More informationPrincipal components of stock market dynamics. Methodology and applications in brief (to be updated ) Andrei Bouzaev, bouzaev@ya.
Principal componens of sock marke dynamics Mehodology and applicaions in brief o be updaed Andrei Bouzaev, bouzaev@ya.ru Why principal componens are needed Objecives undersand he evidence of more han one
More informationDistributing Human Resources among Software Development Projects 1
Disribuing Human Resources among Sofware Developmen Proecs Macario Polo, María Dolores Maeos, Mario Piaini and rancisco Ruiz Summary This paper presens a mehod for esimaing he disribuion of human resources
More informationBALANCE OF PAYMENTS. First quarter 2008. Balance of payments
BALANCE OF PAYMENTS DATE: 2008-05-30 PUBLISHER: Balance of Paymens and Financial Markes (BFM) Lena Finn + 46 8 506 944 09, lena.finn@scb.se Camilla Bergeling +46 8 506 942 06, camilla.bergeling@scb.se
More informationCHARGE AND DISCHARGE OF A CAPACITOR
REFERENCES RC Circuis: Elecrical Insrumens: Mos Inroducory Physics exs (e.g. A. Halliday and Resnick, Physics ; M. Sernheim and J. Kane, General Physics.) This Laboraory Manual: Commonly Used Insrumens:
More information4. International Parity Conditions
4. Inernaional ariy ondiions 4.1 urchasing ower ariy he urchasing ower ariy ( heory is one of he early heories of exchange rae deerminaion. his heory is based on he concep ha he demand for a counry's currency
More informationIndividual Health Insurance April 30, 2008 Pages 167-170
Individual Healh Insurance April 30, 2008 Pages 167-170 We have received feedback ha his secion of he e is confusing because some of he defined noaion is inconsisen wih comparable life insurance reserve
More informationJournal Of Business & Economics Research September 2005 Volume 3, Number 9
Opion Pricing And Mone Carlo Simulaions George M. Jabbour, (Email: jabbour@gwu.edu), George Washingon Universiy Yi-Kang Liu, (yikang@gwu.edu), George Washingon Universiy ABSTRACT The advanage of Mone Carlo
More informationForecasting, Ordering and Stock- Holding for Erratic Demand
ISF 2002 23 rd o 26 h June 2002 Forecasing, Ordering and Sock- Holding for Erraic Demand Andrew Eaves Lancaser Universiy / Andalus Soluions Limied Inroducion Erraic and slow-moving demand Demand classificaion
More informationS&P 500 Dynamic VIX Futures Index Methodology
S&P 500 Dynamic VIX Fuures Index Mehodology April 2014 S&P Dow Jones Indices: Index Mehodology Table of Conens Inroducion 2 Highlighs 2 Family 2 Index Consrucion 3 Consiuens 3 Allocaions 3 Excess Reurn
More informationDifferential Equations. Solving for Impulse Response. Linear systems are often described using differential equations.
Differenial Equaions Linear sysems are ofen described using differenial equaions. For example: d 2 y d 2 + 5dy + 6y f() d where f() is he inpu o he sysem and y() is he oupu. We know how o solve for y given
More informationMonotonic, Inrush Current Limited Start-Up for Linear Regulators
Applicaion epor SLA156 March 2004 Monoonic, Inrush urren Limied Sar-Up for Linear egulaors Jeff Falin PMP Porable Producs ABSA he oupu volage of a linear regulaor ends o rise quickly afer i is enabled.
More informationStochastic Volatility Option Pricing ASAP
Cambridge-Kaiserslauern, Financial Mahemaics Workshop 2009 Fraunhofer ITWM, Kaiserslauern 05.05.2009 Sochasic Volailiy Opion Pricing ASAP Dr. Ulrich Nögel, Parner u.noegel@devne.de Disincive Financial
More informationDuration and Convexity ( ) 20 = Bond B has a maturity of 5 years and also has a required rate of return of 10%. Its price is $613.
Graduae School of Business Adminisraion Universiy of Virginia UVA-F-38 Duraion and Convexiy he price of a bond is a funcion of he promised paymens and he marke required rae of reurn. Since he promised
More informationRelationships between Stock Prices and Accounting Information: A Review of the Residual Income and Ohlson Models. Scott Pirie* and Malcolm Smith**
Relaionships beween Sock Prices and Accouning Informaion: A Review of he Residual Income and Ohlson Models Sco Pirie* and Malcolm Smih** * Inernaional Graduae School of Managemen, Universiy of Souh Ausralia
More informationSURVEYING THE RELATIONSHIP BETWEEN STOCK MARKET MAKER AND LIQUIDITY IN TEHRAN STOCK EXCHANGE COMPANIES
Inernaional Journal of Accouning Research Vol., No. 7, 4 SURVEYING THE RELATIONSHIP BETWEEN STOCK MARKET MAKER AND LIQUIDITY IN TEHRAN STOCK EXCHANGE COMPANIES Mohammad Ebrahimi Erdi, Dr. Azim Aslani,
More informationMethodology brief Introducing the J.P. Morgan Emerging Markets Bond Index Global (EMBI Global)
Mehodology brief Emerging Markes Bond Index The EMBI Global, which currenly includes 27 counries, has been creaed in response o invesor demand for a broader emerging markes deb benchmark The EMBI Global
More informationDistributed and Secure Computation of Convex Programs over a Network of Connected Processors
DCDIS CONFERENCE GUELPH, ONTARIO, CANADA, JULY 2005 1 Disribued and Secure Compuaion of Convex Programs over a Newor of Conneced Processors Michael J. Neely Universiy of Souhern California hp://www-rcf.usc.edu/
More informationChild Protective Services. A Guide To Investigative Procedures
Child Proecive Services A Guide To Invesigaive Procedures The purpose of his brochure is o help you undersand he Child Proecive Services (CPS) reporing and response process. Please conac your CPS worker
More informationOutline of Medicare Supplement Coverage
Underwrien by Serling Life Insurance Company Ouline of Medicare Supplemen Coverage Benefi Char of Medicare Supplemen Plans Sold wih Effecive Daes on or afer June 1, 2010 TX OC (09/11) Medicare Supplemen
More informationDistributed Echo Cancellation in Multimedia Conferencing System
Disribued Echo Cancellaion in Mulimedia Conferencing Sysem Balan Sinniah 1, Sureswaran Ramadass 2 1 KDU College Sdn.Bhd, A Paramoun Corporaion Company, 32, Jalan Anson, 10400 Penang, Malaysia. sbalan@kdupg.edu.my
More informationWATER MIST FIRE PROTECTION RELIABILITY ANALYSIS
WATER MIST FIRE PROTECTION RELIABILITY ANALYSIS Shuzhen Xu Research Risk and Reliabiliy Area FM Global Norwood, Massachuses 262, USA David Fuller Engineering Sandards FM Global Norwood, Massachuses 262,
More information9. Capacitor and Resistor Circuits
ElecronicsLab9.nb 1 9. Capacior and Resisor Circuis Inroducion hus far we have consider resisors in various combinaions wih a power supply or baery which provide a consan volage source or direc curren
More informationFeasibility of Quantum Genetic Algorithm in Optimizing Construction Scheduling
Feasibiliy of Quanum Geneic Algorihm in Opimizing Consrucion Scheduling Maser Thesis Baihui Song JUNE 2013 Commiee members: Prof.dr.ir. M.J.C.M. Herogh Dr. M. Blaauboer Dr. ir. H.K.M. van de Ruienbeek
More informationStrategic Optimization of a Transportation Distribution Network
Sraegic Opimizaion of a Transporaion Disribuion Nework K. John Sophabmixay, Sco J. Mason, Manuel D. Rossei Deparmen of Indusrial Engineering Universiy of Arkansas 4207 Bell Engineering Cener Fayeeville,
More informationPermutations and Combinations
Permuaions and Combinaions Combinaorics Copyrigh Sandards 006, Tes - ANSWERS Barry Mabillard. 0 www.mah0s.com 1. Deermine he middle erm in he expansion of ( a b) To ge he k-value for he middle erm, divide
More informationMeasuring macroeconomic volatility Applications to export revenue data, 1970-2005
FONDATION POUR LES ETUDES ET RERS LE DEVELOPPEMENT INTERNATIONAL Measuring macroeconomic volailiy Applicaions o expor revenue daa, 1970-005 by Joël Cariolle Policy brief no. 47 March 01 The FERDI is a
More informationWorking Paper No. 482. Net Intergenerational Transfers from an Increase in Social Security Benefits
Working Paper No. 482 Ne Inergeneraional Transfers from an Increase in Social Securiy Benefis By Li Gan Texas A&M and NBER Guan Gong Shanghai Universiy of Finance and Economics Michael Hurd RAND Corporaion
More informationAnswer, Key Homework 2 David McIntyre 45123 Mar 25, 2004 1
Answer, Key Homework 2 Daid McInyre 4123 Mar 2, 2004 1 This prin-ou should hae 1 quesions. Muliple-choice quesions may coninue on he ne column or page find all choices before making your selecion. The
More informationChapter 13. Network Flow III Applications. 13.1 Edge disjoint paths. 13.1.1 Edge-disjoint paths in a directed graphs
Chaper 13 Nework Flow III Applicaion CS 573: Algorihm, Fall 014 Ocober 9, 014 13.1 Edge dijoin pah 13.1.1 Edge-dijoin pah in a direced graph 13.1.1.1 Edge dijoin pah queiong: graph (dir/undir)., : verice.
More informationUsefulness of the Forward Curve in Forecasting Oil Prices
Usefulness of he Forward Curve in Forecasing Oil Prices Akira Yanagisawa Leader Energy Demand, Supply and Forecas Analysis Group The Energy Daa and Modelling Cener Summary When people analyse oil prices,
More informationSELF-EVALUATION FOR VIDEO TRACKING SYSTEMS
SELF-EVALUATION FOR VIDEO TRACKING SYSTEMS Hao Wu and Qinfen Zheng Cenre for Auomaion Research Dep. of Elecrical and Compuer Engineering Universiy of Maryland, College Park, MD-20742 {wh2003, qinfen}@cfar.umd.edu
More informationS&P GSCI Crude Oil Covered Call Index Methodology
S&P GSCI Crude Oil Covered Call Index Mehodology July 2014 S&P Dow Jones Indices: Index Mehodology Table of Conens Inroducion 3 Highlighs 3 The S&P GSCI Crude Oil Covered Call Index Mehodology 3 Definiions
More informationGenetic Algorithm Based Optimal Testing Effort Allocation Problem for Modular Software
BIJIT - BVICAM s Inernaional Journal of Informaion Technology Bharai Vidyapeeh s Insiue of Compuer Applicaions and Managemen (BVICAM, ew Delhi Geneic Algorihm Based Opimal Tesing Effor Allocaion Problem
More informationLEASING VERSUSBUYING
LEASNG VERSUSBUYNG Conribued by James D. Blum and LeRoy D. Brooks Assisan Professors of Business Adminisraion Deparmen of Business Adminisraion Universiy of Delaware Newark, Delaware The auhors discuss
More informationSingle-machine Scheduling with Periodic Maintenance and both Preemptive and. Non-preemptive jobs in Remanufacturing System 1
Absrac number: 05-0407 Single-machine Scheduling wih Periodic Mainenance and boh Preempive and Non-preempive jobs in Remanufacuring Sysem Liu Biyu hen Weida (School of Economics and Managemen Souheas Universiy
More informationAmazon.com, Inc. started in 1995 as an Internet
Vol. 36, No. 5, Sepember Ocober 2006, pp. 433 445 issn 0092-2102 eissn 1526-551X 06 3605 0433 informs doi 10.1287/ine.1060.0219 2006 INFORMS Improving Cusomer Service Operaions a Amazon.com Mahew F. Keblis
More informationAutomated Allocation of ESA Ground Station Network Services
Auomaed Allocaion of ESA Ground Saion Nework Services Sylvain Damiani (), Holger Dreihahn (), Jörg Noll (), Marc Niézee (), and Gian Paolo Calzolari () () VEGA, Aerospace Division Rober Bosch Sraße 7,
More informationFebruary 8, 2009. An Economic Framework of Demand Response in Restructured Electricity Markets. Hung-po Chao 1 ABSTRACT
February 8, 2009 An Economic Framework of Demand Response in Resrucured Elecriciy Markes Hung-po Chao 1 ABSTRACT This paper provides a unified economic framework for assessing he effeciveness of priceresponsive
More informationHedging with Forwards and Futures
Hedging wih orwards and uures Hedging in mos cases is sraighforward. You plan o buy 10,000 barrels of oil in six monhs and you wish o eliminae he price risk. If you ake he buy-side of a forward/fuures
More informationA Note on Using the Svensson procedure to estimate the risk free rate in corporate valuation
A Noe on Using he Svensson procedure o esimae he risk free rae in corporae valuaion By Sven Arnold, Alexander Lahmann and Bernhard Schwezler Ocober 2011 1. The risk free ineres rae in corporae valuaion
More informationLecture 2: Telegrapher Equations For Transmission Lines. Power Flow.
Whies, EE 481 Lecure 2 Page 1 of 13 Lecure 2: Telegraher Equaions For Transmission Lines. Power Flow. Microsri is one mehod for making elecrical connecions in a microwae circui. I is consruced wih a ground
More informationMSCI Index Calculation Methodology
Index Mehodology MSCI Index Calculaion Mehodology Index Calculaion Mehodology for he MSCI Equiy Indices Index Mehodology MSCI Index Calculaion Mehodology Conens Conens... 2 Inroducion... 5 MSCI Equiy Indices...
More informationAnalysis of Pricing and Efficiency Control Strategy between Internet Retailer and Conventional Retailer
Recen Advances in Business Managemen and Markeing Analysis of Pricing and Efficiency Conrol Sraegy beween Inerne Reailer and Convenional Reailer HYUG RAE CHO 1, SUG MOO BAE and JOG HU PARK 3 Deparmen of
More informationHeuristics for dimensioning large-scale MPLS networks
Heurisics for dimensioning large-scale MPLS newors Carlos Borges 1, Amaro de Sousa 1, Rui Valadas 1 Depar. of Elecronics and Telecommunicaions Universiy of Aveiro, Insiue of Telecommunicaions pole of Aveiro
More informationI. Basic Concepts (Ch. 1-4)
(Ch. 1-4) A. Real vs. Financial Asses (Ch 1.2) Real asses (buildings, machinery, ec.) appear on he asse side of he balance shee. Financial asses (bonds, socks) appear on boh sides of he balance shee. Creaing
More informationThe Greek financial crisis: growing imbalances and sovereign spreads. Heather D. Gibson, Stephan G. Hall and George S. Tavlas
The Greek financial crisis: growing imbalances and sovereign spreads Heaher D. Gibson, Sephan G. Hall and George S. Tavlas The enry The enry of Greece ino he Eurozone in 2001 produced a dividend in he
More informationOptimal Investment and Consumption Decision of Family with Life Insurance
Opimal Invesmen and Consumpion Decision of Family wih Life Insurance Minsuk Kwak 1 2 Yong Hyun Shin 3 U Jin Choi 4 6h World Congress of he Bachelier Finance Sociey Torono, Canada June 25, 2010 1 Speaker
More informationChapter 1.6 Financial Management
Chaper 1.6 Financial Managemen Par I: Objecive ype quesions and answers 1. Simple pay back period is equal o: a) Raio of Firs cos/ne yearly savings b) Raio of Annual gross cash flow/capial cos n c) = (1
More informationA Curriculum Module for AP Calculus BC Curriculum Module
Vecors: A Curriculum Module for AP Calculus BC 00 Curriculum Module The College Board The College Board is a no-for-profi membership associaion whose mission is o connec sudens o college success and opporuniy.
More informationCan Individual Investors Use Technical Trading Rules to Beat the Asian Markets?
Can Individual Invesors Use Technical Trading Rules o Bea he Asian Markes? INTRODUCTION In radiional ess of he weak-form of he Efficien Markes Hypohesis, price reurn differences are found o be insufficien
More informationTwo Essays on Corporate Income Taxes and Organizational Forms in the United States
Two Essays on Corporae Income Taxes and Organizaional Forms in he Unied Saes A Disseraion Presened o The Academic Faculy By Zhenhua Hu In Parial Fulfillmen Of he Requiremens for he Degree Docor of Philosophy
More informationImpact of the APF-Business Risk Management Programs on Ontario Agriculture. Larry Martin Al Mussell
Impac of he APF-Business Risk Managemen Programs on Onario Agriculure Larry Marin Al Mussell Augus 5, 2003 Forward This sudy was an ineresing experience. When Miniser Johns and he Onario Agriculural Commodiy
More informationTime-Expanded Sampling (TES) For Ensemble-based Data Assimilation Applied To Conventional And Satellite Observations
27 h WAF/23 rd NWP, 29 June 3 July 2015, Chicago IL. 1 Time-Expanded Sampling (TES) For Ensemble-based Daa Assimilaion Applied To Convenional And Saellie Observaions Allen Zhao 1, Qin Xu 2, Yi Jin 1, Jusin
More informationOwnership structure, liquidity, and trade informativeness
Journal of Finance and Accounancy ABSTRACT Ownership srucure, liquidiy, and rade informaiveness Dan Zhou California Sae Universiy a Bakersfield In his paper, we examine he relaionship beween ownership
More informationSystem Performance Improvement By Server Virtualization
Sysem Performance Improvemen By Server Virualizaion Hioshi Ueno, Tomohide Hasegawa, and Keiichi Yoshihama Absrac Wih he advance of semiconducor echnology, microprocessors become highly inegraed and herefore
More informationSpectrum-Aware Data Replication in Intermittently Connected Cognitive Radio Networks
Specrum-Aware Daa Replicaion in Inermienly Conneced Cogniive Radio Neworks Absrac The opening of under-uilized specrum creaes an opporuniy for unlicensed users o achieve subsanial performance improvemen
More informationOPERATION MANUAL. Indoor unit for air to water heat pump system and options EKHBRD011ABV1 EKHBRD014ABV1 EKHBRD016ABV1
OPERAION MANUAL Indoor uni for air o waer hea pump sysem and opions EKHBRD011ABV1 EKHBRD014ABV1 EKHBRD016ABV1 EKHBRD011ABY1 EKHBRD014ABY1 EKHBRD016ABY1 EKHBRD011ACV1 EKHBRD014ACV1 EKHBRD016ACV1 EKHBRD011ACY1
More information1 A B C D E F G H I J K L M N O P Q R S { U V W X Y Z 1 A B C D E F G H I J K L M N O P Q R S { U V W X Y Z
o ffix uden abel ere uden ame chool ame isric ame/ ender emale ale onh ay ear ae of irh an eb ar pr ay un ul ug ep c ov ec as ame irs ame lace he uden abel ere ae uden denifier chool se nly rined in he
More informationOptimal Growth for P&C Insurance Companies
Opimal Growh for P&C Insurance Companies by Luyang Fu AbSTRACT I is generally well esablished ha new business produces higher loss and expense raios and lower reenion raios han renewal business. Ironically,
More informationEcological Scheduling Decision Support System Based on RIA and Cloud Computing on the YaLong River Cascade Project
2012 4h Inernaional Conference on Signal Processing Sysems (ICSPS 2012) IPCSIT vol. 58 (2012) (2012) IACSIT Press, Singapore DOI: 10.7763/IPCSIT.2012.V58.31 Ecological Scheduling Decision Suppor Sysem
More informationA Load Balancing Method in Downlink LTE Network based on Load Vector Minimization
A Load Balancing Mehod in Downlink LTE Nework based on Load Vecor Minimizaion Fanqin Zhou, Lei Feng, Peng Yu, and Wenjing Li Sae Key Laboraory of Neworking and Swiching Technology, Beijing Universiy of
More informationStochastic Optimal Control Problem for Life Insurance
Sochasic Opimal Conrol Problem for Life Insurance s. Basukh 1, D. Nyamsuren 2 1 Deparmen of Economics and Economerics, Insiue of Finance and Economics, Ulaanbaaar, Mongolia 2 School of Mahemaics, Mongolian
More information