In this article, an extensive study of the no-arbitrage fee for Guaranteed Minimum Withdrawal Benefit (GMWB) variable annuity riders is carried out. The value of the GMWB guarantee increases substantially when taking into account the separation of mutual fund fees and the fees earmarked for...

This paper proposes a new method to find the capacity of a future wind farm regarding several limits of the grid system: voltage stability limits, thermal limits, voltage limits, load tap changing limitation and generator power output limitation. The method combines the optimization method and a...

Increasing levels of wind energy in modern electrical power system is initiating a need for accurate analysis and estimation of transient stability of wind turbine generation systems. This paper investigates the transient behaviors and possible direct methods for transient stability evaluation...

This paper investigates the possible site matching of the direct-drive wind turbine concepts based on the electromagnetic design optimization of permanent magnet (PM) generator systems. Firstly, the analytical models of a three-phase radial-flux PM generator with a back-to-back power converter...

We report a new approach to measuring the dielectric behavior of thin films by means of differential interdigitated electrode (IDE) cells coupled with a dual-channel impedance measurement setup. The differential IDE cell consists of two identical IDE’s on a common substrate. With one IDE...

Spin-dependent electron transport in a periodically stubbed quantum wire in the presence of Rashba spin-orbit interaction (SOI) is studied via the nonequilibrium Green’s function (GF) method combined with the Landauer-Büttiker formalism. By comparing with a straight Rashba quantum wire, the...

Under the majority voting rule, a system of universally available vouchers (UV) is politically less feasible than a system of selective vouchers (SV) confined to families with incomes equal to or less than median voter income. After the introduction of UV, public expenditure on education will...

This paper develops an efficiency-wage model of steady-state equilibrium with labor-augmenting technical progress, and uses the model to explore the long-run relationship between unemployment and growth. The rate of productivity growth is either specified exogenously or determined endogenously...