Decision-making of online channels under three power structures

Online Decision Making under Stochastic Constraints

This paper proposes a novel algorithm for solving discrete online learning problems under stochastic constraints, where the leaner aims to maximize the cumulative reward given that some additional constraints on the sequence of decisions need to be satisfied on average. We propose Lagrangian exponentially weighted average (LEWA) algorithm, which is a primal-dual variant of the well known expone...

Three Essays on Decision Making under Uncertainty in Electric Power Systems

This thesis consists of three essays, discussing three different but connected problems on decision making under uncertainty in electric power systems. The first essay uses a system model to examine how various factors affect the market price of electricity, and decomposes the price to quantitatively evaluate the contributions of individual factors as well as their interactions. Sensitivity ana...

Role Taking Under Financial Risk Decision Making

This paper explores people’s behavior when they are facing financial risks. Through the setting of an economics experiment, people’s willingness to bear financial risks and their tendency to impose risks on others are investigated. The experiment result shows that most people are risk-neutral or risk-averse when making decision under financial environment, and their tendency to impose risks on ...

Optimal Decision-Making under Uncertainty - Application to Power Transmission Investments

Investment could be defined as the act of incurring immediate costs with the expectation of future returns. An investment project, as every asset has a value. Thus, for successfully investing in and managing these assets is crucial not only recognizing what the value is but also the sources of this value (Damodaran, 2002). Most investment decisions share three important characteristics in diffe...

Decision making under uncertainty