Electricity spot prices in the emerging power markets are volatile, a consequence of the
unique physical attributes of electricity production and distribution. Uncontrolled exposure to …

We present and apply a methodology for valuing electricity derivatives by constructing
replicating portfolios from electricity futures and the risk-free asset. Futures-based replication is …

ARCH and GARCH models are widely used to model financial market volatilities in risk
management applications. Considering a GARCH model with heavy-tailed innovations, we …

We describe a stochastic dynamic programming approach for “real option”-based valuation
of electricity generation capacity incorporating operational constraints and start-up costs. …

We develop a stylized model to investigate the impact of financial options on reducing carbon
permit price volatility under a cap-and-trade system. The existence of an option market …

A copper-catalyzed C-3 functionalization of imidazo[1,2-a]pyridines with 3-indoleacetic acids
through an aerobic oxidative decarboxylative process has been developed. The protocol …

In this paper, we study the performance of a sourcing mechanism gaining popularity in
industrial procurement environments; a tournament. Under a tournament, a buyer initially …

We provide two new closed-form approximation methods for pricing spread options on a
basket of risky assets: the extended Kirk approximation and the second-order boundary …

This paper proposes a novel nonparametric approach for the modeling and analysis of
electricity price curves by applying the manifold learning methodology-locally linear embedding (…

In the restructured electric power utility industry, reducing the risk exposure of profit to the
highly volatile electricity wholesale price and the fluctuating demand of end users is essential …