We set up a game-theoretic model for a market where the presale method (to sell a property before its completion) can be used together with construction loans and mortgages as a developer's financing tools for project developments. This model captures the interactions and dynamics among four...

Performance and economical efficiency of the combined cooling, heating and power (CCHP) system mainly depend on the system structure, operation strategy and choice of facility capacity. This paper proposes a structural configuration of the CCHP system with hybrid chillers, consisting of a...

Performance of the combined cooling, heating and power (CCHP) systems depends on the system structure, power flow strategy and the choice of facility capacity. This paper presents a matrix modeling approach to optimize the CCHP system. Modeled in a matrix form, the CCHP system can be viewed as...

A multivariable control strategy is needed to ensure high efficiency and load-following capability in the operation of waste heat recovery power plants. In this paper, a generalized predictive controller is proposed for a waste heat recovery process operating on an organic Rankine cycle. The...

The combined cooling, heating and power (CCHP) system – a typical representative of the decentralized energy system – has been increasingly attracting attention in academia and industries in recent years, thanks to its distinctive advantages of high system and economic efficiency, and less...

In this paper, a linear active disturbance rejection controller is proposed for a waste heat recovery system using an organic Rankine cycle process, whose model is obtained by applying the system identification technique. The disturbances imposed on the waste heat recovery system are estimated...

We designed a platform with a betting mechanism for eliciting costly, dispersed information of different quality. Our objective is to elicit both dispersed information and the precision of the information so as to efficiently weight dispersed information to produce reliable forecasts. After...

We designed a platform with a betting mechanism for eliciting costly, dispersed information of different quality. Our objective is to elicit both dispersed information and the precision of the information so as to efficiently weight dispersed information to produce reliable forecasts. After...

This study explores the impacts a presale contract has on a developer’s pricing and production decisions in a game-theoretical framework. In an environment where developers have full capital market access, we find that both developers and buyers are indifferent between a presale and a...