Seven adaptive approaches to post-processing wind speed forecasts are discussed and compared. 48-hour forecasts are run at horizontal resolutions of 7 km and 3 km for a domain centred over Ireland. Forecast wind speeds over a two year period are compared to observed wind speeds at seven synoptic...

Power systems based on renewable energy sources (RES) are characterised by increasingly distributed, volatile and uncertain supply leading to growing requirements for flexibility. In this paper, we explore the role of demand response (DR) as a source of flexibility that is considered to become...

Power systems based on renewable energy sources (RES) are characterised by increasingly distributed, volatile and uncertain supply leading to growing requirements for flexibility. In this paper, we explore the role of demand response (DR) as a source of flexibility that is considered to become...

Although there is a plentiful literature on the use of evolutionary methodologies for the trading of financial assets, little attention has been paid to potential use of these methods for efficient trade execution. Trade execution is concerned with the actual mechanics of buying or selling the...

Risk aversion is a key element of utility maximizing hedge strategies; however, it has typically been assigned an arbitrary value in the literature. This paper instead applies a GARCH-in-Mean (GARCH-M) model to estimate a time-varying measure of risk aversion that is based on the observed risk...

Trade execution is concerned with the actual mechanics of buying or selling the desired amount of a financial instrument of interest. A practical problem in trade execution is how to trade a large order as efficiently as possible. A trade execution strategy is designed for this task to minimize...

A significant problem in the area of stock selection is that of identifying the factors that affect a security’s return. While modern portfolio theory suggests a linear multi-factor model in the form of Arbitrage Pricing Theory it does not suggest the identity, or even the number, of risk...

Quantifying uncertainty in flood forecasting is a difficult task, given the multiple and strongly nonlinearmodel components involved in such a system. Much effort has been and is being invested inthe quest of dealing with uncertain precipitation observations and forecasts and the propagation...

The ability to identify the behavior of people in a home is at the core of Smart Home functionality. Such environments are equipped with sensors that unobtrusively capture information about the occupants. Reasoning mechanisms transform the technical, frequently noisy data of sensors into...