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Economic dispatch problem (EDP) is an important optimization problem in modern power system. When involved with valve-point loading effect, this problem becomes a complex non-convex and non-linear optimization problem. In this case, many researchers adopt evolutionary algorithms to solve it. An equality constraint, the power balance constraint, exists in this problem. This constraint leads some common...
Online reputation has been proved to build trust and decrease uncertainty by prior studies with survey, panel, and experiment data. Aiming to directly measure reputation value, we adopted famous Becker-DeGroot-Marschack (BDM) auction procedure in economics to elicit subject's true willingness to pay (WTP) for product in a three-stage behavior experiment. The image of five-crown and five-heart, neither...
Electricity market development (EMD) emerges to be a current concern following a shift of paradigm from EMD design with focuses upon energy as the key commodity to a need to deliver a sustainable low-carbon generation future. The feasible options of EMD are set to illustrate the interaction of the policy instruments, the market regulation and the sustainable investment environment. The economic benefits...
Based on the 80/20 rule in enterprise business management application, the paper points out application defects of the 80/20 rule. The managers not only need analyze problems of the enterprise in terms of the 80/20 rule, but also should form the habit of thinking in terms of the 80/20 rule to be good at dealing with enterprise business management affairs.
This study uses data from Taiwan listed companies to research the relationship between family ownership, institution ownership and firm value of family corporations. This article finds that family ownership level have non-linear influence on institution ownership. On the other hand, family ownership increases because of the rise of institution ownership. Family ownership has non-linear influence on...
The economics theory of network effects takes a very important role in the economics field with the revolution of ICT (Information Communication Technology). It focuses on the unique characteristics of ICT products differing from other products, the influence of network effects on the market structure, the firms' behaviors and performance of the ICT industry. In the ICT industry, the competition of...
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