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Content available
Book part
Publication date: 4 September 2023

Stephen E. Spear and Warren Young

Abstract

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Overlapping Generations: Methods, Models and Morphology
Type: Book
ISBN: 978-1-83753-052-6

Article
Publication date: 11 August 2020

Chandra Shekher Purohit, Saibal Manna, Geetha Mani and Albert Alexander Stonier

This paper aims to deal with application of artificial intelligence for solving real time control complication adhered with the controlled operation of a buck power converter…

Abstract

Purpose

This paper aims to deal with application of artificial intelligence for solving real time control complication adhered with the controlled operation of a buck power converter. This type of converter finds application for power conversion at various levels for the direct current-direct current power industry to step down the input voltage.

Design/methodology/approach

Use of ANN-RL (Artificial Neural Networks- Reinforcement Learning)-based control algorithm to control buck power converter shows robustness against parameter and load variation. Because of non-linearity instigated by element used for switching, control of this converter becomes an arduous control predicament. All the classical control techniques are based on an approximate linear model of the step down converter and these techniques fail to handle actual non-linearity.

Findings

In this paper, a reinforcement learning-based algorithm has been used to handle and control buck power converter output voltage, without approximating the model of converter. The non-linearity instigated in converter is subjected to state of switch. Model of buck power converter is defined as a multi-step decision problem so that it can be solved using mathematical model of Markov decision process (MDP) and, in turn, reinforcement learning can be implemented. As MDP model is available for a discrete state system so model of converter has to be discretized and then value iteration is applied and output is analyzed. Load regulation and integral time absolute error analysis is done to show efficacy of this technique.

Originality/value

To mitigate the effect of discretization function approximation using neural network is applied. MATrix LABoratory has been used for implementation and result indicates an improvement in the overall response.

Content available
Book part
Publication date: 9 February 2004

Abstract

Details

Economic Complexity
Type: Book
ISBN: 978-0-44451-433-2

Article
Publication date: 2 November 2015

R. Le Goff Latimier, B. Multon and H. Ben Ahmed

To foster the grid integration of both electric vehicles (EV) and renewable generators, the purpose of this paper is to investigate the possible synergies between these players so…

Abstract

Purpose

To foster the grid integration of both electric vehicles (EV) and renewable generators, the purpose of this paper is to investigate the possible synergies between these players so as to jointly improve the production predictability while ensuring a green mobility. It is here achieved by the mean of a grid commitment over the overall power produced by a collaborative system which here gathers a photovoltaic (PV) plant with an EV fleet. The scope of the present contribution is to investigate the conditions to make the most of such an association, mainly regarding to the management strategies and optimal sizing, taking into account forecast errors on PV production.

Design/methodology/approach

To evaluate the collaboration added value, several concerns are aggregated into a primary energy criterion: the commitment compliance, the power spillage, the vehicle charging, the user mobility and the battery aging. Variations of these costs are computed over a range of EV fleet size. Moreover, the influence of the charging strategy is specifically investigated throughout the comparison of three managements: a simple rule of thumb, a perfect knowledge deterministic case and a charging strategy computed by stochastic dynamic programming. The latter is based on an original modeling of the production forecast error. This methodology is carried out to assess the collaboration added value for two operators’ points of view: a virtual power plant (VPP) and a balance responsible party (BRP).

Findings

From the perspective of a BRP, the added value of PV-EV collaboration for the energy system has been evidenced in any situation even when the charging strategy is very simple. On the other hand, for the case of a VPP operator, the coupling between the optimal sizing and the management strategy is highlighted.

Originality/value

A co-optimization of the sizing and the management of a PV-EV collaborative system is introduced and the influence of the management strategy on the collaboration added value has been investigated. This gave rise to the presentation and implementation of an original modeling tool of the PV production forecast error. Finally, to widen the scope of application, two different business models have been tackled and compared.

Details

COMPEL: The International Journal for Computation and Mathematics in Electrical and Electronic Engineering, vol. 34 no. 6
Type: Research Article
ISSN: 0332-1649

Keywords

Article
Publication date: 18 May 2010

Guangling “Dave” Liu, Rangan Gupta and Eric Schaling

This paper aims to develops an estimable hybrid model that combines the micro‐founded DSGE model with the flexibility of the atheoretical VAR model.

1084

Abstract

Purpose

This paper aims to develops an estimable hybrid model that combines the micro‐founded DSGE model with the flexibility of the atheoretical VAR model.

Design/methodology/approach

The model is estimated via the maximum likelihood technique based on quarterly data on real gross national product (GNP), consumption, investment and hours worked, for the South African economy, over the period of 1970:1 to 2000:4. Based on a recursive estimation using the Kalman filter algorithm, the out‐of‐sample forecasts from the hybrid model are then compared with the forecasts generated from the Classical and Bayesian variants of the VAR for the period 2001:1‐2005:4.

Findings

The results indicate that, in general, the estimated hybrid‐DSGE model outperforms the classical VAR, but not the Bayesian VARs in terms of out‐of‐sample forecasting performances.

Research limitations/implications

The model lacks nominal shocks and needs to be extended into a small open economy framework.

Practical implications

The paper was able to show that, even though the DSGE model is outperformed by the BVAR, a microfounded theoretical DSGE model has a future in forecasting the South African economy.

Originality/value

To the best of the authors' knowledge, this is the first attempt to use an estimable DSGE model to forecast the South African economy.

Details

Journal of Economic Studies, vol. 37 no. 2
Type: Research Article
ISSN: 0144-3585

Keywords

Abstract

Details

The Theory of Monetary Aggregation
Type: Book
ISBN: 978-0-44450-119-6

Article
Publication date: 9 January 2017

Elena Shakina, Angel Barajas, Petr Parshakov and Aleksei Chadov

This study explores company strategies for intangibles. The authors investigate whether it is reasonable for companies to intensify intangibles when the current strategy is not…

Abstract

Purpose

This study explores company strategies for intangibles. The authors investigate whether it is reasonable for companies to intensify intangibles when the current strategy is not intangible-intensive. The purpose of this paper is to elaborate a theoretical model to describe the strategic decision making in companies.

Design/methodology/approach

The authors use the Bellman-equation framework to find the conditions under which a change in strategy for intangibles is reasonable.

Findings

The results determine the parameters of returns on intangibles in different strategies, the optimal intangible stock and the influence of external economic shocks. The findings of the study demonstrate that many requirements have to be met to make intangible-intensive strategy beneficial for a company. Moreover negative shocks of crises force a company to postpone a new strategy on intangibles.

Practical implications

This research provides an insight into strategic behavior of companies under uncertainty. The theoretical findings demonstrate under which conditions companies should decide to switch to a strategy more intangible-intensive. This model can be used to empirically test parameters of different investment strategies of companies using structural estimation techniques.

Originality/value

This work contributes to the theory of managerial economics giving closed form solutions for the dynamic optimization of company behavior. The findings also show how this behavior might change when economic crises are faced or expected.

Details

Journal of Economic Studies, vol. 44 no. 1
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 10 August 2012

Rajneesh Kumar and Tarun Kansal

The purpose of this paper is to study the wave propagation in thermoelastic diffusive medium.

Abstract

Purpose

The purpose of this paper is to study the wave propagation in thermoelastic diffusive medium.

Design/methodology/approach

The present paper deals with the numerical study of wave propagation in coupled thermoelastic diffusive medium by using DQ method together with fourth‐order Runge‐Kutta method.

Findings

The paper finds solutions of displacements, temperature change and concentration.

Research limitations/implications

The paper can be sued to solve non‐linear partial differential equations.

Originality/value

The solutions of displacements, temperature change and concentration are illustrated graphically. Numerical examples show that the method yields very good results.

Details

Multidiscipline Modeling in Materials and Structures, vol. 8 no. 2
Type: Research Article
ISSN: 1573-6105

Keywords

Content available

Abstract

Details

Kybernetes, vol. 41 no. 7/8
Type: Research Article
ISSN: 0368-492X

Abstract

Details

The Theory of Monetary Aggregation
Type: Book
ISBN: 978-0-44450-119-6

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