A novel method of colour texture analysis based on anisotropic diffusion for industrial applications is proposed and the performance analysis of colour texture descriptors is examined. The objective of the study is to explore different colour spaces for their suitability in automatic...

This paper focuses on the time series’ decomposition and economic representation of its constituent parts. Wavelet transforms are used for adaptive analysis of local behaviour of heterogeneous agents. Unlike fully revealing equilibrium of homogeneous beliefs, in the environment with...

In this paper we identify the origins of stop-and-go (or slow-and-go) driving and measure microscopic features of their propagations by analyzing vehicle trajectories via Wavelet Transform. Based on 53 oscillation cases analyzed, we find that oscillations can be originated by either...

In this paper, we explore the impact of investor time-horizon on an optimal downside hedged energy portfolio. Previous studies have shown that minimum-variance hedging effectiveness improves for longer horizons using variance as the performance metric. This paper investigates whether this result...

Wind power parallel operation is an effective way to realize the large scale use of wind power, but the fluctuations of power output from wind power units may have great influence on power quality, hence a new method of power smoothing and capacity optimized allocation based on hybrid energy...