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In many cases, redundant systems are beset by both independent and dependent failures. Ignoring dependent variables in MTBF evaluation of redundant systems hastens the occurrence of failure, causing it to take place before the expected time, hence decreasing safety and creating irreversible...
Persistent link: https://www.econbiz.de/10011995837
Europe's power system is still marked by a distinct national component, and despite some regions with strongly integrated power systems, electricity supply today still has a largely national basis. Policies to decarbonise the power sector may fundamentally alter this situation, because power...
Persistent link: https://www.econbiz.de/10011307297
Electricity from renewable sources often cannot be generated when and where it is needed. To deal with these temporal and spatial discrepancies, one frequently proposed approach is to expand storage capacities and transmission grids. It is often argued that the two technologies substitute each...
Persistent link: https://www.econbiz.de/10012152452
We extend the WITCH model to consider the possibility to produce and trade electricity generated by large scale concentrated solar power plants in highly productive areas that are connected to the demand centres through High Voltage Direct Current (HVDC) cables. We find that it becomes optimal...
Persistent link: https://www.econbiz.de/10010279621
robustness, resilience, vulnerability, disruption mitigation or delay management. We survey related streams of literature and put … integrated problem settings incorporating robustness and disturbances can play a major role in future planning and operations. …
Persistent link: https://www.econbiz.de/10015193280
chain resilience on SMEs' performance in Saudi Arabia based on three dimensions of resilience, namely agility, robustness …/sales performances. Supply chain robustness demonstrated a significant positive relationship with SMEs' production performance but not … expounding knowledge on aspects such as agility, flexibility, and robustness. The study enhances our understanding of the role of …
Persistent link: https://www.econbiz.de/10015194798
About sixty years ago, Hans Albert criticized economists for their "model platonism", a methodological attitude that immunizes theoretical models against empirical criticism. Since then, economics has taken an empirical turn; yet, model platonism lingers on. The root of the problem is...
Persistent link: https://www.econbiz.de/10015198007
The deep reinforcement learning (DRL) community has published remarkable results on complex strategic planning problems, most famously in virtual scenarios for board and video games. However, the application to real-world scenarios such as production scheduling (PS) problems remains a challenge...
Persistent link: https://www.econbiz.de/10015209744
properties of markets without transaction costs, namely strategyproofness, efficiency, and robustness to misspecified beliefs and …
Persistent link: https://www.econbiz.de/10013441509
's robustness to sustain detrimental conditions. We find that for short-lived investments, optimal robustness decreases if the …
Persistent link: https://www.econbiz.de/10013475329