Since distribution sector is inherent into high amount of failures, distribution companies (DISCOs) are responsible of attaining an acceptable value for the reliability indices and otherwise they will face up to compl...Since distribution sector is inherent into high amount of failures, distribution companies (DISCOs) are responsible of attaining an acceptable value for the reliability indices and otherwise they will face up to complaints. So they are usually obligated by regulators to invest on reliability improvement of network. But this investment on reliability is usually from the DISCO’s viewpoint and is also irrespective of customer satisfaction level. In other words, customers are not at the same level of sensitivity to interruptions but DISCO improves the reliability of network without considering the differences in importance degree of loads and their level of reliability requirement. On the other hand DISCOs attempt to reduce their investment costs as much as possible. This paper introduces a novel approach in the field of joint switch placement that can reduce the switch cost from the perspective of asset management policies. To this end, two switch placement plannings in different types of strategies are performed to compare their results. Firstly as witch placement is performed based on reducing the total energy not supplied (ENS) of the system. Then by revising the strategy, a fuzzy switch placement is performed from the DISCO’s point of view which just considers the total ENS of load points most sensitive to interruptions known as important or critical loads. Furthermore, by meeting the related constraints, the reliability of low sensitive customers is disregarded. This is a load importance based planning which can result in switch cost reduction relative to the amount achieved in previous strategy and implies the management of risks associated with reliability and respective constraint. Fuzzy method and new switching mechanism in fuzzy environment of network are implemented to modeling and controlling the risks associated to ENS of critical loads and also the ENS of system.展开更多
In order to characterizc large fluctuations of the financial markets and optimize financial portfolio, a new dynamic asset control strategy was proposed in this work. Firstly, a random process item with variable jump ...In order to characterizc large fluctuations of the financial markets and optimize financial portfolio, a new dynamic asset control strategy was proposed in this work. Firstly, a random process item with variable jump intensity was introduced to the existing discrete microstructure model to denote large price fluctuations. The nonparametric method of LEE was used for detecting jumps. Further, the extended Kalman filter and the maximum likelihood method were applied to discrete microstructure modeling and the estimation of two market potential variables： market excess demand and liquidity. At last, based on the estimated variables, an assets allocation strategy using evolutionary algorithm was designed to control the weight of each asset dynamically. Case studies on IBM Stock show that jumps with variable intensity are detected successfully, and the assets allocation strategy may effectively keep the total assets growth or prevent assets loss at the stochastic financial market.展开更多
The development of the socialist market economy demands the furtherintensification of the reform of the management operating system (MOS)of the state-owned assets, the strengthening of the efficiency in the man-agemen...The development of the socialist market economy demands the furtherintensification of the reform of the management operating system (MOS)of the state-owned assets, the strengthening of the efficiency in the man-agement of state-owned assets,and the improvement of the operating bene-展开更多
With the acceleration of economic globalization and financial liberalization,factors of asset prices such as stock,bond and real estate and so on become important economic variables that affect inflation. After a brie...With the acceleration of economic globalization and financial liberalization,factors of asset prices such as stock,bond and real estate and so on become important economic variables that affect inflation. After a brief review of the latest literature,this paper analyzes the specific conduction mechanism from different aspects of consumption,investment,credit and exchange rate channels in which asset prices affect inflation. Then,this paper analyzes the monthly data from January,2002 to December,2013 with the PLS method(partial least squares regression method)and discusses whether a structural change has taken place in the inflation mechanism during this period. Finally,policy recommendations are provided.展开更多
文摘Since distribution sector is inherent into high amount of failures, distribution companies (DISCOs) are responsible of attaining an acceptable value for the reliability indices and otherwise they will face up to complaints. So they are usually obligated by regulators to invest on reliability improvement of network. But this investment on reliability is usually from the DISCO’s viewpoint and is also irrespective of customer satisfaction level. In other words, customers are not at the same level of sensitivity to interruptions but DISCO improves the reliability of network without considering the differences in importance degree of loads and their level of reliability requirement. On the other hand DISCOs attempt to reduce their investment costs as much as possible. This paper introduces a novel approach in the field of joint switch placement that can reduce the switch cost from the perspective of asset management policies. To this end, two switch placement plannings in different types of strategies are performed to compare their results. Firstly as witch placement is performed based on reducing the total energy not supplied (ENS) of the system. Then by revising the strategy, a fuzzy switch placement is performed from the DISCO’s point of view which just considers the total ENS of load points most sensitive to interruptions known as important or critical loads. Furthermore, by meeting the related constraints, the reliability of low sensitive customers is disregarded. This is a load importance based planning which can result in switch cost reduction relative to the amount achieved in previous strategy and implies the management of risks associated with reliability and respective constraint. Fuzzy method and new switching mechanism in fuzzy environment of network are implemented to modeling and controlling the risks associated to ENS of critical loads and also the ENS of system.
基金Projects(71271215,71221061) supported by the National Natural Science Foundation of ChinaProject(2011DFA10440) supported by the International Science&Technology Cooperation Program of ChinaProject(CX2012B067) supported by Hunan Provincial Innovation Foundation for Postgraduate,China
文摘In order to characterizc large fluctuations of the financial markets and optimize financial portfolio, a new dynamic asset control strategy was proposed in this work. Firstly, a random process item with variable jump intensity was introduced to the existing discrete microstructure model to denote large price fluctuations. The nonparametric method of LEE was used for detecting jumps. Further, the extended Kalman filter and the maximum likelihood method were applied to discrete microstructure modeling and the estimation of two market potential variables： market excess demand and liquidity. At last, based on the estimated variables, an assets allocation strategy using evolutionary algorithm was designed to control the weight of each asset dynamically. Case studies on IBM Stock show that jumps with variable intensity are detected successfully, and the assets allocation strategy may effectively keep the total assets growth or prevent assets loss at the stochastic financial market.
文摘The development of the socialist market economy demands the furtherintensification of the reform of the management operating system (MOS)of the state-owned assets, the strengthening of the efficiency in the man-agement of state-owned assets,and the improvement of the operating bene-
文摘With the acceleration of economic globalization and financial liberalization,factors of asset prices such as stock,bond and real estate and so on become important economic variables that affect inflation. After a brief review of the latest literature,this paper analyzes the specific conduction mechanism from different aspects of consumption,investment,credit and exchange rate channels in which asset prices affect inflation. Then,this paper analyzes the monthly data from January,2002 to December,2013 with the PLS method(partial least squares regression method)and discusses whether a structural change has taken place in the inflation mechanism during this period. Finally,policy recommendations are provided.
