In Part II of this two-part paper, we analyze the marginal prices derived in Part I of this two-part paper within a robust optimization framework. The load and generation are priced at Locational Marginal Price (LMP) while the uncertainty and generation reserve are priced at Uncertainty Marginal Price (UMP). The Financial Transmission Right (FTR) underfunding is demonstrated when there is trans...

The non-dispatchable nature of wind generation implies that system operation depends on wind power prediction programs that forecast wind farms production with high levels of uncertainty. This means that probabilistic power analysis tools become more and more necessary in systems with high wind penetration. Probabilistic load flow becomes especially difficult when wind generation is considered....

making capital and investment is the main driving forces of economic development. based on the investment sensitivity to the changes of some of macro-economic variables and risk and uncertainty, the present study evaluated the effective factors on investment in private sector in iran during 1980-2007. at first, the uncertainty variables of real informal exchange rate, nominal interest rate and ...

With the integration of wind power, photovoltaic, and other new energy into grid, growth carbon emissions has been effectively suppressed, which greatly contributes to realization “Carbon peak, Carbon neutral’’. However, randomness instability generation also affect stable operation power grid. At present, combination demand response system can give full play maximum potential energy. This is a...

Process simulations play an important role in guiding process understanding and development, without requiring costly manufacturing trials. For process design under uncertainty, a large number of simulations is needed for an accurate convergence of the moments of the output distributions, which renders such stochastic analysis computationally intensive. This paper discusses the application of a...

Thresholds for chromatic differences were measured in a simple visual search task in which the target differed from the distractors in chromaticity only. In Experiment 1, the spatial separation between stimulus elements was varied. Slopes of threshold versus set-size (2-16) for elements in close proximity were somewhat elevated, suggesting non-independence of the stimulus elements. In Experimen...