Publications related to Foundations of Economic Analysis

On enforcing the necessary conditions of optimality under plant-model mismatch - What to measure and what to adapt?

Industrial processes are run with the aim of maximizing economic profit while simultaneously meeting process-critical constraints. To this end, model-based optimization can be performed to ensure optimal plant operations. Usually, inevitable model inaccura ...

EPFL2018

An Econometric Model of the Regulating Power Price for Interconnected Power Systems: The Case of the Nord Pool Market

Mario Paolone, Fabrizio Sossan, Mokhtar Bozorg

Transmission System Operators (TSOs) deploy frequency control reserves and regulating power to maintain the load-generation balance in real-time operation of power systems. In the Nordic countries, the TSOs buy regulating power from the Nord Pool regulatin ...

IEEE2018

An Econometric Model of the Regulating Power Price for Interconnected Power Systems: the case of the Nord Pool Market

Mario Paolone, Fabrizio Sossan, Mokhtar Bozorg

Transmission System Operators (TSOs) deploy frequency control reserves and regulating power to maintain the load-generation balance in real-time operation of power systems. In the Nordic countries, the TSOs buy regulating power from the Nord Pool regulatin ...

IEEE2018

Financial Stability and the Macroeconomy

Corinne Dubois

The financial crisis of 2007-2009 drew attention to the essential role of banks for the macroeconomy and to the importance of having a resilient financial sector. A vulnerability in the financial sector spills over to the real economy and can drive it into ...

EPFL2018

Asset Pricing When 'This Time Is Different'

Pierre Collin Dufresne

Recent evidence suggests that younger people update beliefs in response to aggregate shocks more than older people. We embed this generational learning bias in an equilibrium model in which agents have recursive preferences and are uncertain about exogenou ...

Oxford Univ Press Inc2017

An integrated approach to design site specific distributed electrical hubs combining optimization, multi-criterion assessment and decision making

Jean-Louis Scartezzini, Dasaraden Mauree, Amarasinghage Tharindu Dasun Perera, Vahid Moussavi Nik

An integrated approach is presented in this study to design electrical hubs combining optimization, multi-criterion assessment and decision making. Levelized Energy Cost (LEC), Initial Capital Cost (ICC), Grid Integration Level (GI), Levelized CO2 emission ...

Elsevier2017

A Distributed Algorithm for Partitioned Robust Submodular Maximization

Volkan Cevher, Jonathan Mark Scarlett, Ilija Bogunovic, Slobodan Mitrovic

Abstract—In this paper, we consider the problem of maximizing a monotone submodular function subject to a cardinality constraint, with two added twists: The computation is distributed across a number of machines, and we require the solution to be robust ag ...

2017

Robust Submodular Maximization: A Non-Uniform Partitioning Approach

Volkan Cevher, Jonathan Mark Scarlett, Ilija Bogunovic, Slobodan Mitrovic

We study the problem of maximizing a monotone submodular function subject to a cardinality constraint

k

, with the added twist that a number of items

\tau

from the returned set may be removed. We focus on the worst-case setting considered in Orlin et al ...

2017

Supply Chain Management in Process Industries: Empirical Investigations for Commodity Markets

Philipp Urs Moser

Process industries (PI) have thrived in recent decades, but structural changes in the markets are currently putting both growth and profitability at risk. In a period of tumbling prices, supply chain management (SCM) is increasingly viewed as an essential ...

EPFL2016

Performance and economic optimization of an organic rankine cycle for a gasoline hybrid pneumatic powertrain

François Maréchal, Zlatina Kirilova Dimitrova

This article presents an innovative concept for alternative hybridization, without electrical devices. The concept is studied on a C-Segment vehicle with targeted prices between 27,000 and 34,000 euros. Short term hybrid pneumatic energy storage and a wast ...

Elsevier2015

Foundations of Economic Analysis

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On enforcing the necessary conditions of optimality under plant-model mismatch - What to measure and what to adapt?

An Econometric Model of the Regulating Power Price for Interconnected Power Systems: The Case of the Nord Pool Market

An Econometric Model of the Regulating Power Price for Interconnected Power Systems: the case of the Nord Pool Market

Financial Stability and the Macroeconomy

Asset Pricing When 'This Time Is Different'

An integrated approach to design site specific distributed electrical hubs combining optimization, multi-criterion assessment and decision making

A Distributed Algorithm for Partitioned Robust Submodular Maximization

Robust Submodular Maximization: A Non-Uniform Partitioning Approach

Supply Chain Management in Process Industries: Empirical Investigations for Commodity Markets

Performance and economic optimization of an organic rankine cycle for a gasoline hybrid pneumatic powertrain

On enforcing the necessary conditions of optimality under plant-model mismatch - What to measure and what to adapt?

Financial Stability and the Macroeconomy

Asset Pricing When 'This Time Is Different'

An Econometric Model of the Regulating Power Price for Interconnected Power Systems: the case of the Nord Pool Market

An Econometric Model of the Regulating Power Price for Interconnected Power Systems: The Case of the Nord Pool Market

An integrated approach to design site specific distributed electrical hubs combining optimization, multi-criterion assessment and decision making

A Distributed Algorithm for Partitioned Robust Submodular Maximization

Supply Chain Management in Process Industries: Empirical Investigations for Commodity Markets

Robust Submodular Maximization: A Non-Uniform Partitioning Approach

Performance and economic optimization of an organic rankine cycle for a gasoline hybrid pneumatic powertrain