The informationally simple approach to incentive regulation applies mechanisms that translate the regulator's objective function into the firm's profit-maximizing objective. These mechanisms come in two forms, one based on subsidies/taxes,the other based on constraints/ price caps. In spite of a...

The informationally simple approach to incentive regulation applies mechanisms that translate the regulator’s objective function into the firm’s profit-maximizing objective. These mechanisms come in two forms, one based on subsidies/taxes,the other based on constraints/ price caps. In spite...

In this paper a multi-level system design (MLS) algorithm is presented and utilized for a wind turbine system analysis. The MLS guides the decision making process for designing a complex system where many alternatives and many mutually competing objectives and disciplines need to be considered...

During system development, large-scale, complex energy systems require multi-disciplinary efforts to achieve system quality, cost, and performance goals. As systems become larger and more complex, the number of possible system configurations and technologies, which meet the designer’s...