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The aggregators are intermediary players at the distribution system level. They manage the financial transactions of resources such as micro-turbines (MTs), photo-voltaic (PV) production systems, flexible demands (FDs), and must-run demands (MDs) in the en ...
Secrecy by design is examined as an approach to information-theoretic secrecy. The main idea behind this approach is to design an information processing system from the ground up to be perfectly secure with respect to an explicit secrecy constraint. The pr ...
We study the computations that Bayesian agents undertake when exchanging opinions over a network. The agents act repeatedly on their private information and take myopic actions that maximize their expected utility according to a fully rational posterior be ...
In this paper, we present a novel activity-based scheduling model that combines a continuous optimisation framework for temporal scheduling decisions (i.e. activity timings and durations) with traditional discrete choice models for non-temporal choice dime ...
In this paper, we present a novel activity-based scheduling model that combines a continuous optimisation framework for temporal scheduling decisions (i.e. activity timings and durations) with traditional discrete choice models for non-temporal choice dime ...
The use of cement and concrete, among the most widely used man-made materials, is under scrutiny. Owing to their large-scale use, production of cement and concrete results in substantial emission of greenhouse gases and places strain on the availability of ...
We use survey questions about spending in hypothetical scenarios to investigate features of propensities to consume that are useful for distinguishing between consumption theories. We find that (1) responses to unanticipated gains are vastly heterogeneous ...
When labour unions use first-best price discrimination, they can extract a wage above the marginal product of labour: employment is above the firm's own optimum - this is featherbedding or overmanning, and such rigidities can increase employment. While lab ...
In distributionally robust optimization the probability distribution of the uncertain problem parameters is itself uncertain, and a fictitious adversary, e.g., nature, chooses the worst distribution from within a known ambiguity set. A common shortcoming o ...
This paper investigates the stability of departure time choice within a population of commuters that need to pass through a bottleneck of constant capacity. It is shown that the corresponding utility function is monotonic if and only if the marginal utilit ...