The paper aims at identifying and assessing the revenues and costs incurred by various modernization and modernization-development strategies for a power plant in order to optimize the electric and thermal energy are produced and to conduct a sensitivity analysis of the main performance indicators.The Romanian energy system and the energy market have gone a long transition way, from the vertica...

• This counterintuitive finding reflects two key characteristics about energy markets: the worldwide increase in renewable energy sources whose output is intermittent and variable; and greater market liberalization, which has made the spot pricing of electricity more volatile. The intermittency of renewable energy sources requires backup generation, typically from generators using fossil fuels....

Two basic market designs are used for the trading of electricity in meshed electricity networks with transmission constraints. Analytical results show that, in two-node networks, a market design integrating transmission and energy markets reduces the ability of electricity generators to exercise market power, relative to a design with separated markets for transmission and energy designs. In mu...

The market clearing pricing (MCP) model is used to operate electricity, gas, and heating networks (EGHNs) with flexible energy hubs (EHs) in the day-ahead market. It's two-level optimization. Its higher level refers EHs' participation their profit maximization bound by operational of power sources, storage devices, responsive loads form EHs flexibility limit. In lower-level problem, MCP calcula...

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This study examines the relationship between above-market price (or overpricing), along with various housing attributes, and time on the market (TOM). The study covers nearly 4,000 transactions of marketed domestic units of different living tenures, flat sizes, price ranges, and other physical characteristics in the Hong Kong residential property market. The results show that factors such as th...

This paper examines the determinants of stock returns in a small open economy using an APT framework. The analysis is conducted for the Swiss stock market which has the particularity of including a large proportion of firms that are exposed to foreign economic conditions. Both a statistical and a macroeconomic implementation of the model are performed for the period 1986-2002 with monthly retur...

We describe a dynamic model of financial intermediation in which fundamental characteristics of the economy imply a unique equilibrium path of bank and financial market lending. Yet we also show that economies whose fundamental characteristics have converged may continue to have very different financial structures. Because setting up financial markets is costly in our model, economies that emph...

Indian organisations have transformed organisational learning to face multiple challenges posed by external market conditions, legal and regulatory considerations and internal factors. The way Indian organisations have developed their learning platforms and learning delivery has been instrumental in equipping a global workforce with the required knowledge and skills. This has, in turn, reduced ...