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Optimal Monitoring And Mitigation Of Systemic Risk In Lending Networks, Zhang Li
Optimal Monitoring And Mitigation Of Systemic Risk In Lending Networks, Zhang Li
Open Access Dissertations
This thesis proposes optimal policies to manage systemic risk in financial networks. Given a one-period borrower-lender network in which all debts are due at the same time and have the same seniority, we address the problem of allocating a fixed amount of cash among the nodes to minimize the weighted sum of unpaid liabilities. Assuming all the loan amounts and cash flows are fixed and that there are no bankruptcy costs, we show that this problem is equivalent to a linear program. We develop a duality-based distributed algorithm to solve it which is useful for applications where it is desirable …
A Methodology For Cooperation Between Electric Utilities And Consumers For Microgrid Utilization Based On A Systems Engineering Approach, Franklin E. Pacheco Chiguano
A Methodology For Cooperation Between Electric Utilities And Consumers For Microgrid Utilization Based On A Systems Engineering Approach, Franklin E. Pacheco Chiguano
Open Access Theses
In recent years, the energy market has experienced important challenges in its structure and requirements of its actors, such as the necessity for more reliable electric service, energy efficiency, environmental care practices, and the incorporation of decentralized power generation based on distributed energy resources (DER). Given this context, microgrids offer several advantages to the grid and its actors. However, few microgrid projects have been implemented, and the participation of electric utilities is lower than the expected. Hence, this research explores how electric utility - customer interactions can accommodate mutual benefits for both parties through the proposal of a Microgrid Reference …