COST funding allows European scientists establish international links, communicate their work to colleagues and promote international research cooperation. COST731 was established to study the propagation of uncertainty from hydro-meteorological observations through meteorolgical and...

Although there is a plentiful literature on the use of evolutionary methodologies for the trading of financial assets, little attention has been paid to potential use of these methods for efficient trade execution. Trade execution is concerned with the actual mechanics of buying or selling the...

Risk aversion is a key element of utility maximizing hedge strategies; however, it has typically been assigned an arbitrary value in the literature. This paper instead applies a GARCH-in-Mean (GARCH-M) model to estimate a time-varying measure of risk aversion that is based on the observed risk...

Trade execution is concerned with the actual mechanics of buying or selling the desired amount of a financial instrument of interest. A practical problem in trade execution is how to trade a large order as efficiently as possible. A trade execution strategy is designed for this task to minimize...

A significant problem in the area of stock selection is that of identifying the factors that affect a security’s return. While modern portfolio theory suggests a linear multi-factor model in the form of Arbitrage Pricing Theory it does not suggest the identity, or even the number, of risk...

The ability to identify the behavior of people in a home is at the core of Smart Home functionality. Such environments are equipped with sensors that unobtrusively capture information about the occupants. Reasoning mechanisms transform the technical, frequently noisy data of sensors into...

As wind power penetration grows, the amount of reserve needed on the system also grows, due to the increases in the uncertainty of wind power, which grows larger as forecast horizon increases. By scheduling the system more often the amount of extra reserve to be carried to cater for wind...

Electricity markets are currently evolving to accommodate large scale penetration of wind generation. In this research, potential changes to the classification and role of windgenerators in the Single Electricity Market (SEM), the market for Northern Ireland and the Republic of Ireland, are...

Ranked preference data arise when a set of judges rank, in order of their preference, a set of objects. Such data arise in preferential voting systems and market research surveys. Covariate data associated with the judges are also often recorded. Such covariate data should be used in conjunction...

In the analysis of time series of blackouts a powerlaw dependency of blackout size with respect to frequency hasbeen observed. It has been hypothesized that this behaviour is theresult of the power system operating near critical points. Modelshave been created in order to analyze this type of...