This paper describes a methodology for transmission expansion planning (TEP) within a deregulated electricity market. Two objective functions including investment cost (IC) and congestion cost (CC) are considered. The proposed model forms a bi-level optimization problem in which upper level problem represents an independent system operator (ISO) making its decisions on investment while in the l...

The major challenge for the tomato farmers is getting a fair price at the market price given that there are many actors involved in the tomato value chain. Given this situation, this project's goal was to improve communication pathways in dissemination of agricultural market information in tomato value chains in Iringa and Dodoma Regions in Tanzania. The specific objectives were to: identify an...

Options contracts can provide trading partners with enhanced flexibility to respond to uncertain market conditions and allow for superior capacity planning thanks to early information on future demand. We develop an analytical framework to value options on capacity for production of non-storable goods or dated services. The market set-up is as follows: During the contract market, period 0, the ...

REZA, SAJJID. Reducing Migration-induced Misses in an Over-Subscribed Multiprocessor System. (Under the direction of Prof. Gregory T. Byrd.) In a large multiprocessor server platform, using multicore chips, the scheduler often migrates a scheduling entity, i.e. a thread or process or virtual machine, in order to achieve better load balancing or ensure fairness among competing scheduling entitie...

introduction water quality trading (wqt) is an economically incentive-based strategy that focuses on finding the optimal discharge permit market for surface water quality management. the amounts of traded discharge permits determine the interactions of emission sources in the market. pollutantsthat are able to provide extra permits can satisfy the demands of other participants for credits. find...

it can be argued that fuel and energy sector plays a crucial part in the countries' development and improvement of people's living standards, constituting a pillar of economic development for nations. electricity is considered as an infrastructure for economic, social and cultural development in a way that the growth in electric power is evaluated as an indicator for measuring the gro...

Lack of transmission capacity hampers the integration of the European electricity market, and thereby precludes reaping the full benefits of competition. We investigate the extent to which transmission grid expansion promotes competition, efficiency and welfare. This work proposes a three-stage model for grid investment: a benevolent planner decides on network upgrades, considering welfare bene...

Generation Expansion Planning (GEP) has been a significant issue for not only the regulator but also the market participants. The generators should adapt strategies at stage of long-term capacity adjustment and stage of operation for pursuing improvement of their profit. The regulator should anticipate market failure and give incentives to capacity investment. In the competitive Electricity mar...

This paper explores firms’ incentives to engage in capacity preemption using a continuous-time real options game. Two ex ante identical firms can choose capacity and investment timing regarding the entry into a new industry whose demand grows until an unknown maturity date, after which it declines until it disappears. Previous literature usually predicts that the Stackelberg leader, whether end...