Browsing by Keywords "Monte Carlo simulation"
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Benefits of forecasting and energy storage in isolated grids with large wind penetration – The case of Sao Vicente
(Elsevier, 2017)For electric grids that rely primarily on liquid fuel based power generation for energy provision, e.g. one or more diesel gensets, measures to allow a larger fraction of intermittent sources can pay-off since the displaced ... -
A Monte Carlo study of Maxwell’s demon coupled to finite quantum heat baths
(Bilkent University, 2020-08)When Maxwell’s demon was introduced, it raised the question: Is there a way to decrease an isolated system’s entropy, even though it was forbidden by the second law of thermodynamics. Then, a new idea which considered ... -
Multi-criteria analysis using latent class cluster ranking: An investigation into corporate resiliency
(Elsevier, 2014)In this paper, we introduce a multi-stage multiple criteria latent class model within a Bayesian framework that can be used to evaluate and rank-order objects based on multiple performance criteria. The latent variable ... -
Statistical arbitrage in jump-diffusion models with compound poisson processes
(Springer Nature, 2021-02-26)We prove the existence of statistical arbitrage opportunities for jump-diffusion models of stock prices when the jump-size distribution is assumed to have finite moments. We show that to obtain statistical arbitrage, the ...
