In this paper, I propose a dynamic programming approach with value function iteration to solve Bellman equations in discrete time using spatially adaptive sparse grids. In doing so, I focus on Bellman equations used in finance, specifically to model dynamic portfolio choice over the life cycle....

In Wireless Sensor Network one of the most significant and support technology is the Time Synchronization. The efficient Time synchronization is a well-known challenge for Wireless Sensor Network and at the same time it is a concept that has been attracting the research community since the last...

As they mature, mini grid sectors evolve from marginally viable competitive entrants to potential monopoly providers of essential services. In early stages, overly stringent regulation can choke the sector’s growth. In later stages, however, closer regulation is usually necessary to protect...

The sensor nodes in wireless sensor network are deployed to function in faraway locations. On the basis of network setup WSN can be: Flat, Hierarchical or cluster based network. The diverse benefits of cluster based networks are efficient utilization of energy, improved data communication,...

With the increasing penetration of electric-based system to enhance the urban lifestyle, the demand on the city grid is increasing. To compensate the increasing demand on the grid, electricity generation needs to raise. As most of the generations are fossil fuel based conventional power plants...

High demand for photovoltaic (PV), battery, and small-scale combined heat and power (CHP) technologies are driving a virtuous cycle of technological improvements and cost reductions in off grid electric systems that increasingly compete with the grid market. Using a case study in the Upper...

This chapter discusses the important role of the electric transmission and distribution grid in meeting deep decarbonization goals. The U.S. Deep Decarbonization Pathways Project reports state that meeting the 2050 target of reducing U.S. greenhouse gas emissions 80% below 1990 levels will...

In recent Electrical era, Smart Grid (SG) is rapidly evolving technology. SG consists of smart meter to provide two way communications from consumer to distributor and from distributor to the consumer. Because of this communication, smart meter need to transmit large amount of information. In...