Demand response (DR) has many beneficiaries in the electricity market. There are independent players who are interested in DR, which include: transmission system owners, distributors, retailers, and aggregators. In this paper DR is introduced as a tradable commodity that can be exchanged between DR buyers and sellers in a pool-based market which is called demand response exchange (DRX). DRX ope...

Artificial Intelligence models (AI) which computerize human reasoning has found a challenging test bed for various paradigms in many areas including financial time series prediction. Extensive researches have resulted in numerous financial applications using AI models. Since stock investment is a major investment activity, Lack of accurate information and comprehensive knowledge would result in...

capital structure puzzle is a challenging issue in corporate finance. different researchers attempt to identify ways to determine optimized capital structure which minimizes firm’s cost of capital and maximizes its value, by proposing variety of theories. in line with forming new theories and introducing determinant variables, the absence of comprehensive research which simultaneously tests exi...

in recent years, the existing competitions between investment companies have been increased largely by entering private investors in capital market. large and powerful companies try to achieve the goals predicted to increase the competition capacity. to analyze the efficiency of investment companies, parametric and non-parametric methods are used. in this research, based on the dissociation pow...

nowadays, congestion management is one of the major tasks accomplished by system operators to warrant the operation of transmission system within operating limits. this has resulted in unanticipated congestion interfaces in regional transmission systems. the system is, however, unable to evolve at a rate which is required to meet the quickly changing demand of competitive markets. to make the m...

We present an algorithm producing a dynamic non-self-financing hedging strategy in an incomplete market corresponding to investor-relevant risk criterion. The optimization is a twostage process that first determines market calibrated model parameters that correspond to the market price of the option being hedged. In the second stage, an optimal set of model parameters is chosen from the market ...