Business Commons^™

A Stochastic Control Model For Electricity Producers, Charles William Beer

Theses and Dissertations

Modern electricity pricing models include a strong reversion to a long run mean and a

number of non-local operators to encapsulate the discontinuous price behavior observed in

such markets. However, incorporating non-local processes into a stochastic control problem

presents significant analytical challenges. The motivation for this work is to solve the problem

of optimal control of the burn rate for a coal-powered electricity plant. We first construct a

pricing model that is a good general representative of the class of models currently used for

electricity pricing as well as a model for the supply of fuel to the plant. Under …

Adapting Financial Technology Standards To Blockchain Platforms, Gabriel Bello

Theses and Dissertations

Traditional payment systems have standards designed to keep transaction data secure, but blockchain systems are not in scope for such security standards. We compare the Payment Application Data Security Standard’s (PA-DSS) applicability towards transaction-supported blockchain platforms to test the standard’s applicability. By highlighting the differences in implementation on traditional and decentralized transaction platforms, we critique and adapt the standards to fit the decentralized model. In two case studies, we analyze the QTUM and Ethereum blockchain platforms’ industry compliance, as their payment platforms support transactions equivalent to that of applications governed by the PA-DSS. We determine QTUM’s and Ethereum’s capabilities to …