Given that the integration of renewable energy generation systems may have the potential to satisfy the electrical requirements of remote areas, this paper consists of a feasibility study with the focus on integrating renewable generation into the energy system of Popova Island. It adopts an...

Purpose: The purpose of this study is to investigate how ambiguity faced by the risk-neutral manager affects the firm’s optimal level of safety stock. Design/methodology/approach: This study adopts the traditional model of Arrow et al. (1951) and employ a manager who has multiple prior beliefs...

This paper studies the adequate size of equity premium over different investment horizons based on spatial dominance. We find that the puzzle with respect to the size of equity premium disappears as investment horizons get longer in terms of the spatial dominance; therefore, the adequate size of...

A novel hybrid evolutionary algorithm is developed based on the particle swarm optimization (PSO) and genetic algorithms (GAs). The PSO phase involves the enhancement of worst solutions by using the global-local best inertia weight and acceleration coefficients to increase the efficiency. In the...

The method of extracting offshore wind field from SAR satellite images for offshore wind resource assessment shows some discrepancies in the calculated wind speed depending on which of the CMOD algorithms is used. This paper compared different algorithms, such as CMOD_IFR2, CMOD4, CMOD5, in...

In this study, extreme wind speeds were estimated from the Korea wind map in order to ensure the structural safety of wind turbines. Fifteen major wind farm sites in Korea were selected as target locations for the study. The daily and monthly maximum wind speeds for a three-year span...