U.S. food prices rose 4% in 2007 and are expected to gain 3.5% to 4.5% in 2008. Higher farm commodity prices and energy costs are the leading factors behind higher food prices. Farm commodity prices have surged because (1) demand for corn for ethanol is competing with food and feed for acreage; (2) global food grain and oilseed supplies are low due to poor harvests; (3) the weak dollar has incr...

Distillation columns are complex processes for modeling and controlling. These columns are significant parts of most chemical industries for separation of components. Control of this process is essential for achieving certain purity for products with a minimum cost. However, nonlinearities, multivariable interaction, non-stationary behavior and severity of disturbances inside the column made th...

One of the most controversial concerns among researchers is expansion green bond markets, so as to reduce environmental pollution. The present study estimates factors that help drive global such energy prices, gold and stocks. has applied Quantile Autoregressive Lagged Approach (QARDL) Granger Causality test estimate causal relationship variables for January 2010 June 2021. QARDL findings revea...

This paper proposes a novel hybrid Monte Carlo simulation-genetic approach (MCS-GA) for optimal operation of a distribution network considering renewable energy generation systems (REGSs) and battery energy storage systems (BESSs). The aim of this paper is to design an optimal charging /discharging scheduling of BESSs so that the total daily profit of distribution company (Disco) can be maximiz...

In Beijing, China, the rational consumption of energy is affected by the insufficient linkage mechanism of the energy pricing system, the unreasonable price ratio and other issues. This paper combines the characteristics of Beijing’s energy market, putting forward the society-economy equilibrium indicator R maximization taking into consideration the mitigation cost to determine a reasonable pri...

This paper presents an oil price cartel model. The aggregate reaction functions for non-cartel producers and for substitute suppliers are included. The former group acts as a price-taker, while the latter expects oil prices in production of its non-oil energy resources. This expectation about prices affects a cartel’s oil demand and, thus, gives intertemporal price elasticities It turns out tha...

The present work aims to quantitatively measure the relationships between price of energy commodities, coal, gas natural, fuel oil, carbon prices and wholesale electricity in Iberian Electricity Market, using 2018 daily data. To examine this relationship, we considered both techniques, Markov-Switching Dynamic Regression Autoregressive Regression, proposed two equations with coal as dependent v...

a r t i c l e i n f o Using a multi-sector equilibrium model of the Saudi energy system that handles administered prices in a mixed-complementarity formulation, we present results from a set of policy scenarios that lower oil consumption in the country. Some of these scenarios are the solutions to Mathematical Programs subject to Equilibrium Constraints (MPECs) that maximize the net economic ga...

In this article we examine the effects of energy prices on groundwater extraction using an econometric model of a farmer’s irrigation water pumping decision that accounts for both the intensive and extensive margins. Our results show that energy prices have an effect on both the intensive and extensive margins. Increasing energy prices would affect crop selection decisions, crop acreage allocat...