In this paper we analyse the equilibrium structure for a particular type of electricity market. We consider a market with two generators offering electricity into a pool. Generators are centrally dispatched, with cheapest offers used first. The pool price is determined as the highest-priced...

This paper investigates the optimal bidding strategy (supply function) for a generator offering power into a wholesale electricity market. The model has three characteristics: the uncertainties facing the generator are described by a single probability function, namely the market distribution...

In electricity wholesale markets, generators often sign long term contracts with purchasers of power in order to hedge risks. In this paper, we consider a market where demand is uncertain, but can be represented as a function of price together with a random shock. Each generator offers a smooth...

In this paper, we consider the optimal policy for a generator offering power into a wholesale electricity market operating under a pool arrangement. Anderson and Philpott [Math. Oper. Res., 27 (2002), pp. 82--100] recently discussed necessary conditions for an optimal offer curve when there is...

Since the implementation of the open-door policy in China, many Hong Kong-based manufacturers' production lines have moved to China to take advantage of the lower production cost, lower wages, and lower rental costs, and thus, the finished products must be transported from China to Hong Kong. It...

The landmark paper by Hirose et al. (Hirose, K., Kadowaki, S., Tanabe, M., Takeshima, H., Iino, M., Science 284:1527–1530, 1999) presented experimental investigations to show that not only can calcium upregulate IP3, but that it can also have an inhibitory effect on IP3. In this paper, we...

The coefficient of variation (CV) of a population is defined as the ratio of the population standard deviation to the population mean. It is regarded as a measure of stability or uncertainty, and can indicate the relative dispersion of data in the population to the population mean. CV is a...

The problem of simultaneous inference and multiple comparison for comparing means of k(≥3) populations has been long studied in the statistics literature and is widely available in statistics literature. However to-date, the problem of multiple comparison of regression models has not found its...

In this study multi-fidelity surrogate modelling for combining data sets of wind tunnel experiments and computations is examined, dealing with different types of errors. Co- kriging regression is constructed with the low-fidelity sample data of the computations and the high-fidelity data of the...

Tremendous growth in the credit industry has spurred the need for Credit Scoring and Its Applications, the only book that details the mathematical models that help creditors make intelligent credit risk decisions.Creditors of all types make risk decisions every day, often haphazardly. This book...