A GA based optimal generation scheduling strategy is developed to solve the profit maximization problem for GENCO in the day ahead market. It is a multi objective formulation that includes the forecasted demand, forecasted market clearing price, startup cost and profit functions, besides the generating limits and demand constraints. The proposed GA approach is investigated on three unit and ten...

This paper examines the nature and characteristics of the ownership relationship between objects in an object-oriented database. The ownership relationship is distinguished from the Part-Whole relationship since these two are often confused. Dimensions of the ownership relationship are detailed and described with clarifying examples from the financial securities markets. These dimensions are: 1...

This paper examines the nature and characteristics of the ownership relationship between objects in an object-oriented database. The ownership relationship is distinguished from the Part-Whole relationship since these two are often confused. Dimensions of the ownership relationship are detailed and described with clarifying examples from the nancial securities markets. These dimensions are: 1) ...

In Feder v. Martin Marietta Corp.' the Court of Appeals for the Second Circuit found Martin Marietta Corporation liable under Section 16(b) of the Securities and Exchange Act of 19342 for shortswing profits realized on the sale of stock of Sperry Rand Corporation, purchased while Martin Marietta's president was on the Sperry board of directors and sold after he resigned that directorship. Marti...

volume indicates. Index options give market participants the ability to participate in anticipated market movements without having to buy or sell a large number of securities, and they permit portfolio managers to limit downside risk. Given their prominence and functions, the pricing efficiency of these markets is of great importance to academics, practitioners , and regulators. Well-functionin...

An extensive literature has found that individuals favor investments that they are more familiar with and are geographically proximate. Familiarity bias implies that foreign investors may perceive lower expected payoff and/or higher risk for domestic firm’s asset payoffs. This paper explores how a firm issues different securities across borders in segmented international financial markets under...

In the restructured environment of electricity market, firstly the generating companies and the customers are looking for maximizing their profit and secondly independent system operator is looking for the stability of the power network and maximizing social welfare. In this paper, a one way auction in the electricity market for the generator companies is considered in both perfect and imperfec...