We study the effect of size-based regulation on an economic system. A multiple-trait model of self-organized criticality is used to simulate the economic system. The major difference of this work from previous studies is that firm's fitness is not characterized by a single number but by M...

The use of forecast information for cascade hydropower stations is one of the effective ways to increase the electricity generation reliability and economic benefit. However, the uncertainty of forecast is high when the forecast horizon is long. It is a common practice for hydropower stations to...

This paper deals with the energy management of a photovoltaic based power station. This power station includes storage units with batteries for long-term energy supply and ultracapacitors for fast dynamic power regulation. According to the availability of the primary source, the level of the...