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The renewable energy plays an important role in the modern power system. However, the power output from the renewable energy highly depends on the environments and therefore has uncertainty issue. In this paper, we propose a stochastic expected recourse model for the system with the renewable energy. The proposed model is applied to a case study and the effect of renewable energy on the power system...
Clustering analysis is a process of splitting a dataset into various groups of smaller datasets such that instances in a particular group are more similar to one another than instances from other groups. In this paper, we propose a novel boundary approach to perform a clustering analysis. Our algorithm starts from identifying two instances that have the largest distance within the dataset, called...
Entropy multi-hyperplane credit scoring model is a decision model that classifies applicants into payers or defaulters by optimizing the classification cost using multiple hyperplanes based on entropy order. In the first stage, the model uses a pair of hyperplanes composed of half of the attributes which are ordered increasingly by the entropy. The hyperplanes divide the applicants into 3 groups,...
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