In this paper, we have continued doing a research project which had done previously. Three types of power plants include an Organic Rankine Cycle (ORC), a Dual-Fluid-Hybrid (DFH) and a single-fluid hybrid-fueled (HYB); were re-modeled. After model validation, thermodynamic studies and exergy analysis were extended for the defined cases using the first and second laws of thermodynamics. Then the...

In many industrial processes the vibrations play a vital role regarding the safety, machine life, economy of supply, load & hence overall power system. Hence a real time monitoring of machine vibrations is an important constraint. There are many options for real time vibration monitoring and FFT is most advanced option. But for a cost effective & portable monitoring of different types of machin...

This paper reports an experiment conducted to assess the effects of alterations in production conditions and product durability on market power in Bertrand-Edgeworth duopolies. Experiment results indicate that advance production increases market power in the sense that mean transaction prices increase relative to static Nash equilibrium predictions for a baseline market. In a similar way, a sim...

In order to simplify power-gating requirements in ultra-low-power architectures, design strategies for lowpower non-volatile flip-flops are sought, for which the utilization of spintronic devices offers a promising option. In this paper, we introduce a D F/F that utilizes a 5-terminal spintronic device for non-volatile state-holding in an intrinsically selfcomplementing fashion. This self-compl...

We investigate a new basic model for asset pricing, the hyperbolic model, which allows an almost perfect statistical t of stock return data. After a brief introduction into the theory supported by an appendix we use also secondary market data to compare the hyperbolic model to the classical Black-Scholes model. We study implicit volatilities, the smile e ect and the pricing performance. Exploit...

Risk-neutral (RN) and real-world (RW) densities are derived from option prices and risk assumptions, and are compared with densities obtained from historical time series. Two parametric methods that adjust from RN to RW densities are investigated, firstly a CRRA risk aversion transformation and secondly a statistical calibration. Both risk transformations are estimated using likelihood techniqu...

We analyze investments in gas fired power plants under stochastic electricity and gas prices. A simple but realistic two-factor model is used for price processes, enabling analysis of the value of operating flexibility, the opportunity to abandon the capital equipment, as well as finding thresholds for energy prices for which it is optimal to enter into the investment. Our case study, using rea...

We propose a Fundamental Theorem of Asset Pricing and a Super-Replication Theorem in a modelindependent framework. We prove these theorems in the setting of finite, discrete time and a market consisting of a risky asset S as well as options written on this risky asset. As a technical condition, we assume the existence of a traded option with a super-linearly growing payoff-function, e.g., a pow...