In capacity expansion studies of power generation systems, the uncertainty in the prices of the primary energy resources is a major concern. The approach presented in this paper accounts for this uncertainty by mapping the probability distribution of the installed capacity for any given...

In this paper we discuss the use of modern data mining (DM) methods to design risk-based insurance premiums for motor vehicles. Our objective is to predict the likelihood and expected value of future claims for each insured based on a myriad of attributes available in the database on the...

In contrast to traditional methods which impose capacity costs on peak customers only, it is shown that, depending upon the design criterion employed in planning for the capacity expansion of the power system, off-peak marginal cost prices should also be imputed with some marginal capacity...