this paper focuses on multi-objective designing of multi-machine thyristor controlled series compensator (tcsc) using strength pareto evolutionary algorithm (spea). the tcsc parameters designing problem is converted to an optimization problem with the multi-objective function including the desired damping factor and the desired damping ratio of the power system modes, which is solved by a spea ...

Economics views work as merely providing purchasing power. Many economists agree that there is a great deal more to work, but they nonetheless feel comfortable with this narrow description, believing that important aspects of work that they have left out of consideration have no impact on the validity of their analytical conclusions and policy propositions. This paper argues that if economics i...

Right now employment of polices and tools to decrease the carbon emission through electricity generation from renewable resources is one of the most important problem in energy policy. Tradable Green Certificate (TGC) is an economics mechanism to support green power generation. Any country has the challenge to choose an appropriate policy and mechanism for design and implementation of TGC. The ...

The variable and uncertain nature of wind generation presents a new concern to power system operators. One of the biggest concerns associated with integrating a large amount of wind power into the grid is the ability to handle large ramps in wind power output. Large ramps can significantly influence system economics and reliability, on which power system operators place primary emphasis. The Wi...

If we want to evaluate a procedure for accomplishing a goal, we must start by identifying the goal we aim to achieve. I take it that the goal of economics, as a first approximation, is to evaluate arguments for and against the use of government coercive power to intervene in the market economy. In other words, it is to help determine the effects of using government power for all recommended act...