In this paper a notion of descent direction for a vector function defined on a box is introduced. This concept is based on an appropriate convex combination of the “projected” gradients of the components of the objective functions. The proposed approach does not involve an “apriori”...

Investment in new large transportation infrastructure is capital-intensive and irreversible in nature. Private sector participation in infrastructure investment has gained popularity in recent times because of scarcity of resources at the public sector, and because of the ability of the private...

This paper presents a Pareto-optimization based zonal day-ahead reactive power market settlement model named as multi-zone DA-RPMS model. Three competing objective functions such as Total Payment Function (TPF) for reactive power support services from generators/synchronous condensers, Total...