A Dynamic Pricing Reverse Auction-Based Resource Allocation Mechanism in Cloud Workflow Systems

Directory of Open Access Journals (Sweden)

Xuejun Li

2016-01-01

Full Text Available Market-oriented reverse auction is an efficient and cost-effective method for resource allocation in cloud workflow systems since it can dynamically allocate resources depending on the supply-demand relationship of the cloud market. However, during the auction the price of cloud resource is usually fixed, and the current resource allocation mechanisms cannot adapt to the changeable market properly which results in the low efficiency of resource utilization. To address such a problem, a dynamic pricing reverse auction-based resource allocation mechanism is proposed. During the auction, resource providers can change prices according to the trading situation so that our novel mechanism can increase the chances of making a deal and improve efficiency of resource utilization. In addition, resource providers can improve their competitiveness in the market by lowering prices, and thus users can obtain cheaper resources in shorter time which would decrease monetary cost and completion time for workflow execution. Experiments with different situations and problem sizes are conducted for dynamic pricing-based allocation mechanism (DPAM on resource utilization and the measurement of Time⁎Cost (TC. The results show that our DPAM can outperform its representative in resource utilization, monetary cost, and completion time and also obtain the optimal price reduction rates.

Dynamic spectrum auction in wireless communication

CERN Document Server

Chen, Yanjiao

2015-01-01

This brief explores current research on dynamic spectrum auctions, focusing on fundamental auction theory, characteristics of the spectrum market, spectrum auction architecture and possible auction mechanisms. The brief explains how dynamic spectrum auctions, which enable new users to gain spectrum access and existing spectrum owners to obtain financial benefits, can greatly improve spectrum efficiency by resolving the artificial spectrum shortage. It examines why operators and users face significant challenges due to specialty of the spectrum market and the related requirements imposed on the auction mechanism design. Concise and up-to-date, Dynamic Spectrum Auction in Wireless Communication is designed for researchers and professionals in computer science or electrical engineering. Students studying networking will also find this brief a valuable resource.

Auctioning incentive contracts: an experimental study

NARCIS (Netherlands)

Onderstal, S.; van de Meerendonk, A.

2009-01-01

In this note, we experimentally examine the relative performance of price-only auctions and multi-attribute auctions. We do so in procurement settings where the buyer can give the winning bidder incentives to exert effort on non-price dimensions after the auction. Both auctions theoretically

The inherent inefficiency of simultaneously feasible financial transmission rights auctions

International Nuclear Information System (INIS)

Deng, Shi-Jie; Oren, Shmuel; Meliopoulos, A.P.

2010-01-01

Empirical evidence from the New York ISO shows that the clearing prices for point-to-point congestion revenue rights, also known as financial transmission rights (FTRs), resulting from centralized auctions conducted by Independent System Operators differ significantly and systematically from the realized congestion revenues that determine the accrued payoffs of these rights. The question addressed by this paper is whether such deviations are due to price discovery errors which will eventually vanish or due to inherent inefficiencies in the auction structure. We show that even with perfect foresight of average congestion rents the clearing prices for the FTRs depend on the bid quantity and therefore may not be priced correctly in the financial transmission right (FTR) auction. In particular, we prove that quantity limits on the FTR bids may cause the auction clearing prices to differ from the bid prices. This phenomenon which is inherent in the theoretical properties of the optimization algorithm used to clear the auction, is further illustrated through numerical simulations with test systems. We conclude that price discovery alone would not remedy the discrepancy between the auction prices and the realized values of the FTRs. Secondary markets or frequent reconfiguration auctions are necessary in order to achieve such convergence. (author)

A Hierarchical Auction-Based Mechanism for Real-Time Resource Allocation in Cloud Robotic Systems.

Science.gov (United States)

Wang, Lujia; Liu, Ming; Meng, Max Q-H

2017-02-01

Cloud computing enables users to share computing resources on-demand. The cloud computing framework cannot be directly mapped to cloud robotic systems with ad hoc networks since cloud robotic systems have additional constraints such as limited bandwidth and dynamic structure. However, most multirobotic applications with cooperative control adopt this decentralized approach to avoid a single point of failure. Robots need to continuously update intensive data to execute tasks in a coordinated manner, which implies real-time requirements. Thus, a resource allocation strategy is required, especially in such resource-constrained environments. This paper proposes a hierarchical auction-based mechanism, namely link quality matrix (LQM) auction, which is suitable for ad hoc networks by introducing a link quality indicator. The proposed algorithm produces a fast and robust method that is accurate and scalable. It reduces both global communication and unnecessary repeated computation. The proposed method is designed for firm real-time resource retrieval for physical multirobot systems. A joint surveillance scenario empirically validates the proposed mechanism by assessing several practical metrics. The results show that the proposed LQM auction outperforms state-of-the-art algorithms for resource allocation.

Discovering the game in auctions

NARCIS (Netherlands)

Kaisers, M.; Tuyls, K.P.; Thuijsman, F.; Parsons, S.; Nijholt, A.; Pantic, M.

2008-01-01

Auctions are pervasive in today’s society. They provide a variety of markets, ranging from consumer-toconsumer online auctions to government-to-business auctions for telecommunications spectrum licenses. Starting from a set of trading strategies, this article enables a strategic choice by

A novel inclusion of intermittent generation resources in long term energy auctions

International Nuclear Information System (INIS)

Marambio, Rodrigo; Rudnick, Hugh

2017-01-01

Long term energy auctions are positioning as a valuable tool in order to attract new investments into power systems, especially in Latin American countries where emergent economies characteristics and their correspondent risks are usually present. Even though the focus of these auctions is the long term, there are short term issues involved which actual auction designs fail to include, resulting in an energy allocation that is not necessarily optimal for the system, a condition which becomes more evident in the presence of intermittent renewable technologies. A novel mechanism is formulated to obtain the optimal allocation in long term energy auctions, considering short term generation profiles from both intermittent and conventional base load technologies, and also their risk aversions. The proposed mechanism is developed and simulations are made for some scenarios in the Chilean power market, with different levels of renewable penetration. Significant cost savings are achieved for the final consumers in relation to energy purchases, in comparison with a mechanism that follows the demand profile. As more renewable intermittent capacity enters the power system it is evident the need for changes in the energy auctions allocation mechanisms, including elements to exploit the synergies among participants in the short term. - Highlights: • Risk management consideration in technology neutral auctions allocation. • Allocation mechanism in technology neutral auctions with intermittent technologies. • Renewable and conventional technologies energy auction offer curves. • Increase bid prices in auctions as a consequence of solar technology support.

China's Land Market Auctions: Evidence of Corruption?

Science.gov (United States)

Cai, Hongbin; Henderson, J Vernon; Zhang, Qinghua

2013-01-01

This paper studies the urban land market in China in 2003-2007. In China, all urban land is owned by the state. Leasehold use rights for land for (re)development are sold by city governments and are a key source of city revenue. Leasehold sales are viewed as a major venue for corruption, prompting a number of reforms over the years. Reforms now require all leasehold rights be sold at public auction. There are two main types of auction: regular English auction and an unusual type which we call a "two stage auction". The latter type of auction seems more subject to corruption, and to side deals between potential bidders and the auctioneer. Absent corruption, theory suggests that two stage auctions would most likely maximize sales revenue for properties which are likely to have relatively few bidders, or are "cold", which would suggest negative selection on property unobservables into such auctions. However, if such auctions are more corruptible, that could involve positive selection as city officials divert hotter properties to a more corruptible auction form. The paper finds that, overall, sales prices are lower for two stage auctions, and there is strong evidence of positive selection. The price difference is explained primarily by the fact that two stage auctions typically have just one bidder, or no competition despite the vibrant land market in Chinese cities.

40 CFR 73.73 - Delegation of auctions and sales and termination of auctions and sales.

Science.gov (United States)

2010-07-01

... 40 Protection of Environment 16 2010-07-01 2010-07-01 false Delegation of auctions and sales and termination of auctions and sales. 73.73 Section 73.73 Protection of Environment ENVIRONMENTAL PROTECTION... Independent Power Producers Written Guarantee § 73.73 Delegation of auctions and sales and termination of...

Modelling of auctioning mechanism for solar photovoltaic capacity

Science.gov (United States)

Poullikkas, Andreas

2016-10-01

In this work, a modified optimisation model for the integration of renewable energy sources for power-generation (RES-E) technologies in power-generation systems on a unit commitment basis is developed. The purpose of the modified optimisation procedure is to account for RES-E capacity auctions for different solar photovoltaic (PV) capacity electricity prices. The optimisation model developed uses a genetic algorithm (GA) technique for the calculation of the required RES-E levy (or green tax) in the electricity bills. Also, the procedure enables the estimation of the level of the adequate (or eligible) feed-in-tariff to be offered to future RES-E systems, which do not participate in the capacity auctioning procedure. In order to demonstrate the applicability of the optimisation procedure developed the case of PV capacity auctioning for commercial systems is examined. The results indicated that the required green tax, in order to promote the use of RES-E technologies, which is charged to the electricity customers through their electricity bills, is reduced with the reduction in the final auctioning price. This has a significant effect related to the reduction of electricity bills.

Auction design for the allocation of carbon emission allowances: uniform or discriminatory price?

DEFF Research Database (Denmark)

Cong, Ronggang; wei, yi-ming

2010-01-01

Only four states used auction in Phase Ⅰ (2005-2007) of the European Union Emission Trading System, of which four used a uniform-price sealed auction format. Here we discuss whether the auction should adopt a uniform-price or discriminatory-price format using an agent-based carbon allowances...... auction model established for the purpose. The main conclusions are as follows: (1) when carbon allowances are relatively scarce, the government should use a discriminatory-price auction; when carbon allowances are relatively abundant, the government should use a uniform-price auction. (2) Uncertainty......) The uniform-price auction is relatively insensitive to market structure. However, a monopoly market is more likely to develop under the discriminatory-price auction format. The results of the model have some policy implications for designing carbon market mechanisms in the future....

Auctions with competing sellers and behavioral bidders

NARCIS (Netherlands)

Delnoij, J.M.J.

2016-01-01

With the rise of the Internet, the use of auctions has become increasingly prevalent. Nowadays, consumers can buy a myriad of goods by means of online auctions – cars, holidays, clothing, sports items, electronics and even lab equipment are auctioned on the Internet. Economists have studied auctions

Bidding strategies in Brazilian electricity auctions

International Nuclear Information System (INIS)

Azevedo, Erick M.; Correia, Paulo B.

2006-01-01

Double bilateral contract auctions for electric energy purchase and sale occur in Brazil. These auctions present incomplete information and possess some subjectivity in relation to the future scenario of the Brazilian electric system, inserted in the agent's bids. In this work, a model using Bayes' rule and the game theory is proposed to aid the agent in its bid definition. Through the existing relations between the Conditional probabilities of Bayes' Rule, the model transforms beliefs into information. In this way, the absence of information is supplied and the problem is transformed into a game with complete information. The present study has no worries in terms of transmission constraints, since they are not usually considered in the bilateral contract auctions in Brazil. At the end, Nash equilibrium (NE) can be found through the expected payoff matrix of each agent. (author)

Tree Based Decision Strategies and Auctions in Computational Multi-Agent Systems

Czech Academy of Sciences Publication Activity Database

Šlapák, M.; Neruda, Roman

2017-01-01

Roč. 38, č. 4 (2017), s. 335-342 ISSN 0257-4306 Institutional support: RVO:67985807 Keywords : auction systems * decision making * genetic programming * multi-agent system * task distribution Subject RIV: IN - Informatics, Computer Science OBOR OECD: Computer sciences, information science, bioinformathics (hardware development to be 2.2, social aspect to be 5.8) http://rev-inv-ope.univ-paris1.fr/fileadmin/rev-inv-ope/files/38417/38417-04.pdf

An Efficient Electronic English Auction System with a Secure On-Shelf Mechanism and Privacy Preserving

Directory of Open Access Journals (Sweden)

Hong Zhong

2016-01-01

Full Text Available With the rapid development of the Internet, electronic commerce has become more and more popular. As an important element of e-commerce, many Internet companies such as Yahoo! and eBay have launched electronic auction systems. However, like most electronic commerce products, safety is an important issue that should be addressed. Many researchers have proposed secure electronic auction mechanisms, but we found that some of them do not exhibit the property of unlinkability, which leads to the leakage of users’ privacy. Considering the importance of privacy preservation, we have designed a new auction mechanism. Through symmetrical key establishment in the registration phase, all messages transmitted over the Internet would be protected and, meanwhile, achieve the property of unlinkability. The security analysis and performance analysis show that our protocol fulfills more security properties and is more efficient for implementation compared with recent works.

Network capacity auctions: promise and problems

International Nuclear Information System (INIS)

Newbery, David M.

2003-01-01

Well-designed auctions work favorably for allocating idiosyncratic properties efficiently. Auctions are used to allocate entry capacity for United Kingdom gas and inter-connector capacity for electricity in several European Union countries and can work well for allocating existing capacity, though careful auction design is needed to mitigate potential market power. Using auction prices to guide investment decisions in networks is problematic if bidders fear that sub-optimal investment will be compensated by regulatory fiat, lowering future capacity values. (Author)

Bidding behavior in a symmetric Chinese auction

Directory of Open Access Journals (Sweden)

Mauricio Benegas

2015-01-01

Full Text Available This paper purposes a symmetric all-pay auction where the bidders compete neither for an object nor the object itself but for a lottery on receive. That lottery is determined endogenously through the bids. This auction is known as chance auction or more popularly as Chinese auction. The model considers the possibility that for some bidders the optimal strategy is to bid zero and to rely on luck. It showed that bidders become less aggressive when the lottery satisfies a variational condition. It was also shown that luck factor is decisive to determine if the expected payoff in Chinese auction is bigger or smaller than expected payoff in standard all-pay auction.

An ascending multi-item auction with financially constrained bidders

Directory of Open Access Journals (Sweden)

Gerard van der Laan

2016-12-01

Full Text Available Several heterogeneous items are to be sold to a group of potentially budget- constrained bidders. Every bidder has private knowledge of his own valuation of the items and his own budget. Due to budget constraints, bidders may not be able to pay up to their values and typically no Walrasian equilibrium exists. To deal with such markets, we propose the notion of 'equilibrium under allotment' and develop an ascending auction mechanism that always finds such an equilibrium assignment and a corresponding system of prices in finite time. The auction can be viewed as a novel generalization of the ascending auction of Demange et al. (1986 from settings without financial constraints to settings with financial constraints. We examine various strategic and efficiency properties of the auction and its outcome.

Multi-objective market clearing of joint energy and reserves auctions ensuring power system security

International Nuclear Information System (INIS)

Aghaei, J.; Shayanfar, H.; Amjady, N.

2009-01-01

A model and solution approach to day-ahead market clearing of joint energy and reserves auctions is proposed in this paper. The model represents the clearing system used by ISO in charge of both the market operation and system security. A Multiobjective Mathematical Programming (MMP) formulation is implemented for provision of ancillary services (Automatic Generation Control or AGC, Spinning, Non-spinning and operational reserves) as well as energy in simultaneous auctions by pool-based aggregated market scheme. System security is taken into account in the market clearing procedure as the extra objective functions of the optimization problem. So, in the MMP formulation of the market clearing process, the objective functions (generation cost and security indices) are optimized while meeting AC power flow constraints, system reserve requirements and lost opportunity cost (LOC) considerations. The model is applied to the IEEE 24-bus Reliability Test System (IEEE 24-bus RTS), and simulation studies are carried out to examine the effectiveness of the proposed method

7 CFR 1955.148 - Auction sales.

Science.gov (United States)

2010-01-01

... complexity of the sale. When the services of a professional auctioneer are advisable, the services will be... 7 Agriculture 14 2010-01-01 2009-01-01 true Auction sales. 1955.148 Section 1955.148 Agriculture... REGULATIONS (CONTINUED) PROPERTY MANAGEMENT Disposal of Inventory Property General § 1955.148 Auction sales...

Exploring Online Auction Behaviors and Motivations

Science.gov (United States)

Jeon, Sua; Crutsinger, Christy; Kim, Haejung

2008-01-01

The availability and convenience of the Internet, combined with the variety of products available at any given time, have contributed to the success of online auctions.This exploratory study examined online auction behaviors among college students in an attempt to identify underlying dimensions of auction motivations. Questionnaires completed by…

Agora Energiewende (2017). Future cost of onshore wind. Recent auction results, long-term outlook and implications for upcoming German auctions

Energy Technology Data Exchange (ETDEWEB)

Thomassen, Georg; Deutsch, Matthias

2017-04-15

The costs for electricity from renewable generation have been falling significantly in recent years, and record low bids at auctions around the world have grasped the attention of the public. Solar photovoltaics and offshore wind auctions, in particular, have attracted a lot of interest. The results for onshore wind, however, are just as impressive. The future cost development of onshore wind is of great relevance, since it is a key pillar of the energy system transformation in many parts of the world. However, the estimated long-term cost reductions vary significantly, as different studies value the cost drivers of wind differently. In Germany, the opaque and complex cost structure of onshore wind is the root of much controversy. International auction results with winning bids of less than half of the typical German pay rate left people questioning the costs of domestic wind power. However this discussion often fails to account adequately for differences in the quality of wind resources. In light of the upcoming, and first, German onshore wind auctions, we aim to contribute to the ongoing discussion by providing the necessary context for international auction results, a general outlook on the future cost of onshore wind, and by illustrating the existing potential and hindrances for cost reductions in the German market.

Agora Energiewende (2017). Future cost of onshore wind. Recent auction results, long-term outlook and implications for upcoming German auctions

International Nuclear Information System (INIS)

Thomassen, Georg; Deutsch, Matthias

2017-01-01

The costs for electricity from renewable generation have been falling significantly in recent years, and record low bids at auctions around the world have grasped the attention of the public. Solar photovoltaics and offshore wind auctions, in particular, have attracted a lot of interest. The results for onshore wind, however, are just as impressive. The future cost development of onshore wind is of great relevance, since it is a key pillar of the energy system transformation in many parts of the world. However, the estimated long-term cost reductions vary significantly, as different studies value the cost drivers of wind differently. In Germany, the opaque and complex cost structure of onshore wind is the root of much controversy. International auction results with winning bids of less than half of the typical German pay rate left people questioning the costs of domestic wind power. However this discussion often fails to account adequately for differences in the quality of wind resources. In light of the upcoming, and first, German onshore wind auctions, we aim to contribute to the ongoing discussion by providing the necessary context for international auction results, a general outlook on the future cost of onshore wind, and by illustrating the existing potential and hindrances for cost reductions in the German market.

Auction-based bandwidth allocation in the Internet

Science.gov (United States)

Wei, Jiaolong; Zhang, Chi

2002-07-01

It has been widely accepted that auctioning which is the pricing approach with minimal information requirement is a proper tool to manage scare network resources. Previous works focus on Vickrey auction which is incentive compatible in classic auction theory. In the beginning of this paper, the faults of the most representative auction-based mechanisms are discussed. And then a new method called uniform-price auction (UPA), which has the simplest auction rule is proposed and it's incentive compatibility in the network environment is also proved. Finally, the basic mode is extended to support applications which require minimum bandwidth guarantees for a given time period by introducing derivative market, and a market mechanism for network resource allocation which is predictable, riskless, and simple for end-users is completed.

Effects of Suboptimal Bidding in Combinatorial Auctions

Science.gov (United States)

Schneider, Stefan; Shabalin, Pasha; Bichler, Martin

Though the VCG auction assumes a central place in the mechanism design literature, there are a number of reasons for favoring iterative combinatorial auction designs. Several promising ascending auction formats have been developed throughout the past few years based on primal-dual and subgradient algorithms and linear programming theory. Prices are interpreted as a feasible dual solution and the provisional allocation is interpreted as a feasible primal solution. iBundle( 3) (Parkes and Ungar 2000), dVSV (de Vries et al. 2007) and the Ascending Proxy auction (Ausubel and Milgrom 2002) result in VCG payoffs when the coalitional value function satisfies the buyer submodularity condition and bidders bid straightforward, which is an expost Nash equilibrium in that case. iBEA and CreditDebit auctions (Mishra and Parkes 2007) do not even require the buyer submodularity condition and achieve the same properties for general valuations. In many situations, however, one cannot assume bidders to bid straightforward and it is not clear from the theory how these non-linear personalized price auctions (NLPPAs) perform in this case. Robustness of auctions with respect to different bidding behavior is therefore a critical issue for any application. We have conducted a large number of computational experiments to analyze the performance of NLPPA designs with respect to different bidding strategies and different valuation models. We compare the results of NLPPAs to those of the VCG auction and those of iterative combinatorial auctions with approximate linear prices, such as ALPS (Bichler et al. 2009) and the Combinatorial Clock auction (Porter et al. 2003).

China’s Land Market Auctions: Evidence of Corruption?

Science.gov (United States)

Cai, Hongbin; Henderson, J. Vernon; Zhang, Qinghua

2013-01-01

This paper studies the urban land market in China in 2003—2007. In China, all urban land is owned by the state. Leasehold use rights for land for (re)development are sold by city governments and are a key source of city revenue. Leasehold sales are viewed as a major venue for corruption, prompting a number of reforms over the years. Reforms now require all leasehold rights be sold at public auction. There are two main types of auction: regular English auction and an unusual type which we call a “two stage auction”. The latter type of auction seems more subject to corruption, and to side deals between potential bidders and the auctioneer. Absent corruption, theory suggests that two stage auctions would most likely maximize sales revenue for properties which are likely to have relatively few bidders, or are “cold”, which would suggest negative selection on property unobservables into such auctions. However, if such auctions are more corruptible, that could involve positive selection as city officials divert hotter properties to a more corruptible auction form. The paper finds that, overall, sales prices are lower for two stage auctions, and there is strong evidence of positive selection. The price difference is explained primarily by the fact that two stage auctions typically have just one bidder, or no competition despite the vibrant land market in Chinese cities. PMID:25506125

Advantaged Bidders in Franchise Auctions

OpenAIRE

van den Berg, V.A.C.

2012-01-01

Consider a government that auctions a franchise for, e.g., an airport, telecommunication network, or utility. Consider an 'incumbent bidder' that owns a complement or substitute. With an auction on the transfer (i.e. payment) to the government, the incumbent is advantaged.If the government regulates the market with an auction on the price asked to consumers, it depends who is advantaged. With complements, the incumbent is advantaged: it can set a lower price on the new franchise, as this inc...

77 FR 38803 - Mobility Fund Phase I Auction Updated Data For Auction 901

Science.gov (United States)

2012-06-29

... FEDERAL COMMUNICATIONS COMMISSION [AU Docket No. 12-25; DA 12-990] Mobility Fund Phase I Auction... files of census blocks eligible for the Mobility Fund Phase I support to be offered in Auction 901... 32092, May 31, 2012, the Bureaus described how they identified census blocks eligible for the Mobility...

Sequential bidding in day-ahead auctions for spot energy and power systems reserve

International Nuclear Information System (INIS)

Swider, Derk J.

2005-01-01

In this paper a novel approach for sequential bidding on day-ahead auction markets for spot energy and power systems reserve is presented. For the spot market a relatively simple method is considered as a competitive market is assumed. For the reserve market one bidder is assumed to behave strategically and the behavior of the competitors is summarized in a probability distribution of the market price. This results in a method for sequential bidding, where the bidding prices and capacities on the spot and reserve markets are calculated by maximizing a stochastic non-linear objective function of expected profit. With an exemplary application is shown that the trading sequence leads to increasing bidding capacities and prices in the reverse rank number of the markets. Hence, the consideration of a defined trading sequence greatly influences the mathematical representation of the optimal bidding behavior under price uncertainty in day-ahead auctions for spot energy and power systems reserve. (Author)

An Agent-Based Auction Protocol on Mobile Devices

Directory of Open Access Journals (Sweden)

Yu-Fang Chung

2014-01-01

Full Text Available This paper proposes an English auction protocol to preserve a secure, fair, and effective online auction environment, where the operations are integrated with mobile agent technology for bidders participating in online auctions. The protocol consists of four participants, namely, registration manager, agent house, auction house, and bidder.

Electricity market auction settings in a future Danish electricity system with a high penetration of renewable energy sources - A comparison of marginal pricing and pay-as-bid

International Nuclear Information System (INIS)

Nielsen, Steffen; Sorknaes, Peter; Ostergaard, Poul Alberg

2011-01-01

The long-term goal for Danish energy policy is to be free of fossil fuels through the increasing use of renewable energy sources (RES) including fluctuating renewable electricity (FRE). The Danish electricity market is part of the Nordic power exchange, which uses a Marginal Price auction system (MPS) for the day-ahead auctions. The market price is thus equal to the bidding price of the most expensive auction winning unit. In the MPS, the FRE bid at prices of or close to zero resulting in reduced market prices during hours of FRE production. In turn, this reduces the FRE sources' income from market sales. As more FRE is implemented, this effect will only become greater, thereby reducing the income for FRE producers. Other auction settings could potentially help to reduce this problem. One candidate is the pay-as-bid auction setting (PAB), where winning units are paid their own bidding price. This article investigates the two auction settings, to find whether a change of auction setting would provide a more suitable frame for large shares of FRE. This has been done with two energy system scenarios with different shares of FRE. From the analysis, it is found that MPS is generally better for the FRE sources. The result is, however, very sensitive to the base assumptions used for the calculations. -- Highlights: → In this study two different auction settings for the Danish electricity market are compared. → Two scenarios are used in the analyses, one representing the present system and one representing a future 100% renewable energy system. → We find that marginal price auction system is most suitable for supporting fluctuating renewable energy in both scenarios. → The results are very sensitive to the assumptions about bidding prices for each technology.

Experiences with auctions for renewable energy support

DEFF Research Database (Denmark)

Mora Alvarez, David Fernando; Islam, Marco; Soysal, Emilie Rosenlund

2017-01-01

Auctions is an increasingly popular instrument for introducing competitiveness in the support schemes for renewable energy, however, designing successful auctions appears to be a challenge. Policy makers seeking to introduce auctions are faced with a range of design choices, which may affect...

Auctions of capacity in network industries

International Nuclear Information System (INIS)

Stern, J.; Turvey, R.

2003-01-01

This paper provides an introduction to the key issues arising for auctions of network capacity including (i) the ability of auctions to handle long-run capacity expansion issues as well as short run capacity allocation; (ii) the definition of 'capacity' on networks; (iii) auction revenues and revenue reallocation to regulated network operators; and (iv) alternative market-based mechanisms to provide signals for capacity expansion. The paper covers some simple analytics before introducing various complications such as the use of auctions in complex networks. The paper discusses implications and provides a context within which to consider the other papers in this issue of Utilities Policy. (Author)

Implementing a Multi-Agent System in Python with an Auction-Based Agreement Approach

DEFF Research Database (Denmark)

Ettienne, Mikko Berggren; Vester, Steen; Villadsen, Jørgen

2012-01-01

We describe the solution used by the Python-DTU team in the Multi-Agent Programming Contest 2011, where the scenario was called Agents on Mars. We present our auction-based agreement algorithm and discuss our chosen strategy and our choice of technology used for implementing the system. Finally, we...

Essays on wholesale auctions in deregulated electricity markets

Science.gov (United States)

Baltaduonis, Rimvydas

2007-12-01

The early experience in the restructured electric power markets raised several issues, including price spikes, inefficiency, security, and the overall relationship of market clearing prices to generation costs. Unsatisfactory outcomes in these markets are thought to have resulted in part from strategic generator behaviors encouraged by inappropriate market design features. In this dissertation, I examine the performance of three auction mechanisms for wholesale power markets - Offer Cost Minimization auction, Payment Cost Minimization auction and Simple-Offer auction - when electricity suppliers act strategically. A Payment Cost Minimization auction has been proposed as an alternative to the traditional Offer Cost Minimization auction with the intention to solve the problem of inflated wholesale electricity prices. Efficiency concerns for this proposal were voiced due to insights predicated on the assumption of true production cost revelation. Using a game theoretic approach and an experimental method, I compare the two auctions, strictly controlling for the level of unilateral market power. A specific feature of these complex-offer auctions is that the sellers submit not only the quantities and the minimum prices that they are willing to sell at, but also the start-up fees, which are designed to reimburse the fixed start-up costs of the generation plants. I find that the complex structure of the offers leaves considerable room for strategic behavior, which consequently leads to anti-competitive and inefficient market outcomes. In the last chapter of my dissertation, I use laboratory experiments to contrast the performance of two complex-offer auctions against the performance of a simple-offer auction, in which the sellers have to recover all their generation costs - fixed and variable - through a uniform market-clearing price. I find that a simple-offer auction significantly reduces consumer prices and lowers price volatility. It mitigates anti-competitive effects

Rigging the lobbying process: An application of the all-pay-auction

NARCIS (Netherlands)

M.R. Baye (Michael); D. Kovenock (Dan); C.G. de Vries (Casper)

1993-01-01

textabstractIn a world where a politician can explicitly auction off a prize to the high bidder, the standard auction literature can be used to analyse political behavior. The justice system, however, precludes politicians from explicitly selling the prize to the highest bidder. Thus politicians

Auction-theoretic analyses of the first offshore wind energy auction in Germany

Science.gov (United States)

Kreiss, J.; Ehrhart, K.-M.; Hanke, A.-K.

2017-11-01

The first offshore wind energy auction in Germany led to a striking result. The average award price was 0.44 ct/kWh and even more interesting, 3 out of 4 awarded projects had a strike price of 0.0 ct/kWh. That implies that those projects will only receive the actual wholesale market price for electricity as revenue. Although there has been a strong decline in costs of offshore wind projects, such a result is still surprising. We analyzed this result auction-theoretically and showed how the auction design and the market environment can explain part of the outcome. However, another aspect of the explanation is the high risk that the awarded bidders take regarding the future development of both the project costs and the wholesale market price.

Reserve price: Lessons learned from Brazilian electricity procurement auctions

International Nuclear Information System (INIS)

Rego, Erik Eduardo

2013-01-01

Auctions have been used in several formats in the electric energy industry. In general, regulators may be uncomfortable initiating a reverse auction at a higher-than-expected final price, fearing that participants may sell their energy at an excess profitability. Nevertheless, evidence from electricity procurement auctions conducted in Brazil supports the findings that these types of auctions have the opposite effect. By attracting a larger number of agents, these auctions can trigger stronger competition and lead to lower settlement pricing. Accordingly, the Brazilian cases examined in this article present significant evidence to support this directional theory. In fact, there are some cases of electricity procurement auctions that show that inadequate auction reserve pricing leads to inefficient outcomes and may also cause the auction to fail. On the other hand, auctions with adequate price caps have led to lower final clearing prices, thus contributing to reasonable final energy pricing. - Highlights: • Outcomes from Brazilian electricity procurement auctions were analyzed. • Cases of success and frustration after adopting (in)adequate reserve prices. • Setting different price caps per source is inefficient. • Higher-than-normal price cap is more effective than fine-tuning reserve prices

Development of modified rational buyer auction for procurement of ancillary services utilizing participation matrix

International Nuclear Information System (INIS)

Jamalzadeh, R.; Ardehali, M.M.; Rashidinejad, M.

2008-01-01

The rational buyer auction is based on a simultaneous auction that is the redesigned auction mechanism for ancillary services by the California independent system operator (CAISO). The incentive for the rational buyer auction is CAISO's intent to adopt a common sense rule of substituting higher-quality lower-cost services for lower-quality higher-cost services, when it results in reduced total procurement cost. For the purposes of designing a desirable auction where the minimum cost for the objective function as well as prevention of price reversal are achieved, either the payment cost in marginal pricing auction must be lowered or price reversal in rational buyer auction must be avoided. The objectives of this study are (a) to develop a newly proposed 'modified rational buyer' auction that does not allow price reversal and (b) to propose and validate a solution procedure that is based on participation matrix and discrete programming. The validation of the proposed solution procedure is accomplished through examination of two case studies available in the literature. Based on the first case study data, it is shown that the newly developed modified rational buyer auction avoids price reversal occurrence, while the total payment of ISO is increased by 5.8%, as compared with rational buyer auction. Also in comparison with marginal pricing auction, the ISO payment is lowered by 38.8%, when the newly developed modified rational buyer auction is utilized. For future work, it is recommended that the application of the modified rational buyer auction to joint dispatch of energy and ancillary services is investigated

Internet Auction Sellers: Does Size Really Matter?

Science.gov (United States)

Halstead, Diane; Becherer, Richard C.

2003-01-01

Examines the Internet auction phenomenon as it relates to the marketing mix of online auction sellers. The data indicate that, while there is great diversity among businesses that utilize online auctions, distinct cost leadership and differentiation marketing strategies are both evident. These two approaches are further distinguished in terms of…

Premium Auctions and Risk Preferences

NARCIS (Netherlands)

Hu, A.; Offerman, T.J.S.; Zou, L.

2010-01-01

In a premium auction, the seller offers some "pay back", called premium, to the highest bidders. This paper investigates how the performance of such premium tactic is related to the participant's risk preferences. By developing an English premium auction model with symmetric interdependent values,

Brazilian experience in electricity auctions: Comparing outcomes from new and old energy auctions as well as the application of the hybrid Anglo-Dutch design

International Nuclear Information System (INIS)

Rego, Erik Eduardo; Parente, Virginia

2013-01-01

Since 2004, the Government of Brazil (GoB) has acted as an intermediary between distribution and generator companies in the energy procurement sector. The GoB procures energy from generator companies through auctions of long-term energy contracts. After an auction, the winning generator companies sign contracts directly with distribution companies. In particular, the GoB runs two different auctions: one for energy from existing power plants (i.e., old energy) and another for energy from power plants that have not yet been built (i.e., new energy). This paper describes these auctions and compares the outcomes from the old and new energy auctions from 2004 to 2010 using final auction prices. The Brazilian case is particularly interesting, not only because energy is predominantly supplied by hydropower plants but also because new energy auctions reach prices below those for old energy. Therefore, it is likely that it is not necessary to run the two different energy auctions. As a secondary objective, this article analyze whether the Anglo-Dutch hybrid auction model is a better design for electricity procurement in Brazil. - Highlights: ► We analyze the outcomes from the Brazilian old and new energy auctions. ► We evaluate the Anglo-Dutch auction design. ► Outcomes from both kind of auctions reveal that the prices are statistically similar. ► One kind of auction increase competition and minimize Eletrobras' market power

The US SO2 Auction and Environmental Regulation

DEFF Research Database (Denmark)

Svendsen, Gert Tinggaard; Christensen, J.L.

1999-01-01

The US Acid Rain Program (ARP) is now well-established. The ARP relies on tradable permits and includes an annual revenue-neutral SO2 auction. Has this auction been an important factor in establishing low transaction costs and a successful market? In answering this question, we first compare...... the price signals from the SO2 auction to those found in the market. Second, we try to explain empirical outcomes by analyzing strategic incentives and the number of buyers and sellers in the auction. The policy recommendation is that the non-discriminative SO2 auction is a very useful tool for kick...

Spite and Reciprocity in Auctions

Directory of Open Access Journals (Sweden)

Yoshikazu Ikeda

2011-09-01

Full Text Available The paper presents a complete information model of bidding in second price sealed-bid and ascending-bid (English auctions, in which potential buyers know the unit valuation of other bidders and may spitefully prefer that their rivals earn a lower surplus. Bidders with spiteful preferences should overbid in equilibrium when they know their rival has a higher value than their own, and bidders with a higher value underbid to reciprocate the spiteful overbidding of the lower value bidders. The model also predicts different bidding behavior in second price as compared to ascending-bid auctions. The paper also presents experimental evidence broadly consistent with the model. In the complete information environment, lower value bidders overbid more than higher value bidders, and they overbid more frequently in the second price auction than in the ascending price auction. Overall, the lower value bidder submits bids that exceed value about half the time. These patterns are not found in the incomplete information environment, consistent with the model.

Agent Based Trust Management Model Based on Weight Value Model for Online Auctions

OpenAIRE

Sathiyamoorthy, E.; Iyenger, N. Ch. Sriman Narayana; Ramachandran, V.

2010-01-01

This paper is aimed at the stipulations which arise in the traditional online auctions as a result of various anomalies in the reputation and trust calculation mechanism. We try to improve the scalability andefficiency of the online auctions by providing efficient trust management methodology considering several factors into consideration. A comparison between the performance of the auctions system with and without the agent methodology is done with good results.

Auctions API

Data.gov (United States)

General Services Administration — GSA Auctions offers Federal personal property assets ranging from common place items (such as office equipment and furniture) to more select products like scientific...

Control system of the inspection robots group applying auctions and multi-criteria analysis for task allocation

Science.gov (United States)

Panfil, Wawrzyniec; Moczulski, Wojciech

2017-10-01

In the paper presented is a control system of a mobile robots group intended for carrying out inspection missions. The main research problem was to define such a control system in order to facilitate a cooperation of the robots resulting in realization of the committed inspection tasks. Many of the well-known control systems use auctions for tasks allocation, where a subject of an auction is a task to be allocated. It seems that in the case of missions characterized by much larger number of tasks than number of robots it will be better if robots (instead of tasks) are subjects of auctions. The second identified problem concerns the one-sided robot-to-task fitness evaluation. Simultaneous assessment of the robot-to-task fitness and task attractiveness for robot should affect positively for the overall effectiveness of the multi-robot system performance. The elaborated system allows to assign tasks to robots using various methods for evaluation of fitness between robots and tasks, and using some tasks allocation methods. There is proposed the method for multi-criteria analysis, which is composed of two assessments, i.e. robot's concurrency position for task among other robots and task's attractiveness for robot among other tasks. Furthermore, there are proposed methods for tasks allocation applying the mentioned multi-criteria analysis method. The verification of both the elaborated system and the proposed tasks' allocation methods was carried out with the help of simulated experiments. The object under test was a group of inspection mobile robots being a virtual counterpart of the real mobile-robot group.

The US SO2 Auction

DEFF Research Database (Denmark)

Svendsen, Gert Tinggaard; Christensen, Jan Lien

1998-01-01

An annual discriminative and revenue-neutral auction is linked to the new Acid Rain Program which allows electric utilities all over the US to trade SO2 emission permits. This innovative SO2 auction distributes 2% of the permits in circulation and takes place at the Chicago Board of Trade. Early...

License Auctions with Royalty Contracts for (Winners and) Losers

OpenAIRE

Wolfstetter, Elmar; Giebe, Thomas

2007-01-01

This paper revisits the licensing of a non–drastic process innovation by an outside innovator to a Cournot oligopoly. We propose a new mechanism that combines a restrictive license auction with royalty licensing. This mechanism is more profitable than standard license auctions, auctioning royalty contracts, fixed–fee licensing, pure royalty licensing, and two-part tariffs. The key features are that royalty contracts are auctioned and that losers of the auction are granted the option to si...

Report on the behalf of the Foreign Affairs, Defence and Armed Forces Commission on: the bill project (accelerated procedure) authorizing the ratification of the joint procurement agreement for a designation by auction of common bid platforms, and the bill project (accelerated procedure) authorizing the ratification of the joint procurement agreement for a designation by auction of an auction monitor. Nr 171

International Nuclear Information System (INIS)

Boulaud, Didier

2011-01-01

This document first presents the currently operating greenhouse gas emission quota trading scheme and its evolution according to which quotas will be put up for auction. Then, it more precisely describes different aspects of this arrangement: general economy of the auction system, common auction platforms, auction monitor, and market procedures. Consequences on the French law are presented. The ratification procedure is discussed

Auctioning emission permits in a leader-follower setting

OpenAIRE

Alvarez, Francisco; André, Francisco J.

2015-01-01

We analise emission permit auctions under leader-follower competition when the leader bids strategically and the follower acts as price-taker both at the auction and the secondary market. We obtain linear equilibrium bidding strategies for both firms and a unique equilibrium of the auction, which is optimal ex-post for the leader. Under specific distributional assumptions we conclude that the auction always awards less permits to the leader than the cost-effective amount. Our central result i...

The Role of Signals in Online Auction Purchase Decisions

Directory of Open Access Journals (Sweden)

Cypryjański Jacek

2015-06-01

Full Text Available There is a growing interest in behavioural economics contradicting the empirical prediction of rational choice theory once applied to online auctions. The issue is of particular relevance due to the large use of online auctions and the anticipated growth in the future. Online auctions combine the conventional auction model with information technology. However, information asymmetry within such auctions causes risks and uncertainties that influence consumer purchase intentions. The research investigates online consumers’ behaviour. The Authors suggest that due to the high perceived risk of the online buying process consumers are prompted to use cues of seller’ reputation. In a series of six experiments conducted via the auction site Allegro.pl in Poland a number of signals from auction web pages has been manipulated to influence purchase intention. The results suggest that several signals can be used to stimulate online customers’ behaviour. The results of these experiments indicate that buyers are more susceptible to the influence of “visual” signals than signals that require greater involvement of the buyer (to read information. The conducted experiments contribute to a more comprehensive understanding of online auction users’ behaviour. And finally it provides some managerial implications to increase online auction effectiveness from the seller’s perspective.

Static vs Dynamic Auctions with Ambiguity Averse Bidders

NARCIS (Netherlands)

Carvalho, M.

2012-01-01

Abstract: This paper presents the outcome of a dynamic price-descending auction when the distribution of the private values is uncertain and bidders exhibit ambiguity aversion. In contrast to sealed-bid auctions, in open auctions the bidders get information about the other bidders' private values

Auctions for Renewable Support in Denmark:Instruments and lessons learnt

DEFF Research Database (Denmark)

Kitzing, Lena; Wendring, Paul; Wigan, Fabian

This report deals with all past and ongoing auctions for renewable support in Denmark. Since 2004, five single-item, technology-specific offshore wind auctions were held, with one more currently ongoing. One multi-item, multi-site nearshore wind auction is currently ongoing.......This report deals with all past and ongoing auctions for renewable support in Denmark. Since 2004, five single-item, technology-specific offshore wind auctions were held, with one more currently ongoing. One multi-item, multi-site nearshore wind auction is currently ongoing....

The US SO2 Auction: Analysis and Generalization

DEFF Research Database (Denmark)

Svendsen, Gert Tinggaard; Christensen, J.L.

1999-01-01

results showed that the auction generated a clearing price signal lower than the market price. Now the auction price seems to be determined by the outside market price. Still, in the important starting phase, a non-discriminative auction design would probably have generated better price signals since...

Making uncompetitive auctions competitive: a survey of experiments

NARCIS (Netherlands)

Offerman, T.; Onderstal, S.; Hinloopen, J.; Normann, H.-T.

2009-01-01

In the past 15 years, governments around the world have often used auctions to sell scarce licenses to operate in markets. In many of these auctions, the number of interested competitors is relatively small compared to the number of available licenses. Auction design is crucial in such uncompetitive

To be or not to be an auctioneer: Some thoughts on the legal nature of online eBay auctions and the protection of consumers

OpenAIRE

Riefa, C

2008-01-01

This paper discusses the legal classification of online “eBay” auctions. The discussion has key implications on the scope of consumer protection law as sale by auctions are, for example, excluded from the scope of the Consumer Protection (Distance Selling) Regulations 2000. The paper uncovers that online “eBay” auctions cannot always be considered as traditional auctions and that eBay, as an intermediary, is not to be considered as an auctioneer. This creates difficulties associated with a di...

An Auction Market for Journal Articles

NARCIS (Netherlands)

Prüfer, J.; Zetland, D.

2007-01-01

Economic articles are published very slowly. We believe this results from the poor incentives referees face. We recommend that an auction market replace the current, push system for submitting papers and demonstrate that our proposed market has a stable, Pareto-improving equilibrium. Besides the

An Auction Market for Journal Articles

NARCIS (Netherlands)

Prüfer, J.; Zetland, D.

2007-01-01

Economic articles are published very slowly. We believe this results mainly from the poor incentives referees face. We recommend that an auction market replace the current system for submitting papers and demonstrate a strict Pareto-improvement of equilibrium. Besides the benefits of speed, this

Multi-unit auctions with budget-constrained bidders

Science.gov (United States)

Ghosh, Gagan Pratap

In my dissertation, I investigate the effects of budget-constraints in multi-unit auctions. This is done in three parts. First, I analyze a case where all bidders have a common budget constraint. Precisely, I analyze an auction where two units of an object are sold at two simultaneous, sealed bid, first-price auctions, to bidders who have demand for both units. Bidders differ with respect to their valuations for the units. All bidders have an identical budget constraint which binds their ability to spend in the auction. I show that if valuation distribution is atom-less, then their does not exist any symmetric equilibrium in this auction game. In the second and third parts of my thesis, I analyze the sale of licenses for the right to drill for oil and natural gas in the Outer Continental Shelf (OCS) of the United States. These sales are conducted using simultaneous sealed-bid first-price auctions for multiple licenses, each representing a specific area (called a tract). Using aspects of observed bidding-behavior, I first make a prima facie case that bidders are budget-constrained in these auctions. In order to formalize this argument, I develop a simple extension of the standard model (where bidders differ in their valuations for the objects) by incorporating (random) budgets for the bidders. The auction-game then has a two-dimensional set of types for each player. I study the theoretical properties of this auction, assuming for simplicity that two units are being sold. I show that this game has an equilibrium in pure strategies that is symmetric with respect to the players and with respect to the units. The strategies are essentially pure in the sense that each bidder-type has a unique split (up to a permutation) of his budget between the two auctions. I then characterize the equilibrium in terms of the bid-distribution and iso-bid curves in the value-budget space. I derive various qualitative features of this equilibrium, among which are: (1) under mild

Green Auctions and Reduction of Information Rents in Payments for Environmental Services: An Experimental Investigation in Sunan County, Northwestern China

Science.gov (United States)

Deng, Xiaohong; Xu, Zhongmin

2015-01-01

Reducing information rents is an important task for government agencies wishing to purchase maximal environmental services with limited budgets. This paper reports on several green auction options for reducing information rents and improving the performance of the “Grain for Green” Payments for environmental services (PES) program implemented in northwestern China. In r experimental auctions and investigations, door-to-door interviews were conducted and bidding envelopes and survey questionnaires were used to determine the offers and the foregone profits of the participants. Three scenarios are analyzed in this paper: a uniform price auction, a discriminatory price auction, and an opportunity-cost system. The results show that compared to the uniform price auction system, the other auction systems can increase the cost-effectiveness of conservation contracting. Competitive bidding can reveal true opportunity costs and can reduce information rents extracted from the government by farmers using private information. The demographics and average bids of these auction types were also analyzed. “Perfect information” in the opportunity-cost offer system has the best performance but is very hard to implement in reality. The results of this research show that the auction is a valuable tool for purchasing conservation contracts in northwestern China, but that in the future, the performance of these auctions should be studied with relaxed model assumptions. PMID:25793263

Robust Multi-unit Auction Protocol against False-name Bids

Science.gov (United States)

Yokoo, Makoto; Sakurai, Yuko; Matsubara, Shigeo

This paper presents a new multi-unit auction protocol (IR protocol) that is robust against false-name bids. Internet auctions have become an integral part of Electronic Commerce and a promising field for applying agent and Artificial Intelligence technologies. Although the Internet provides an excellent infrastructure for executing auctions, the possibility of a new type of cheating called false-name bids has been pointed out. A false-name bid is a bid submitted under a fictitious name. A protocol called LDS has been developed for combinatorial auctions of multiple different items and has proven to be robust against false-name bids. Although we can modify the LDS protocol to handle multi-unit auctions, in which multiple units of an identical item are auctioned, the protocol is complicated and requires the auctioneer to carefully pre-determine the combination of bundles to obtain a high social surplus or revenue. For the auctioneer, our newly developed IR protocol is easier to use than the LDS, since the combination of bundles is automatically determined in a flexible manner according to the declared evaluation values of agents. The evaluation results show that the IR protocol can obtain a better social surplus than that obtained by the LDS protocol.

Electronic Reverse Auctions in the Federal Government

Science.gov (United States)

2007-12-01

notification e-mail to all vendors informing them that a solicitation was issued that matches their company profile. A notification will also be sent...auction design. According to Kambil and van Heck (2002) business-to-business ( B2B ) auctions should be conducted on the weekdays, with enough time...allowed for proper pricing and risk-assessment by the company . In contrast, sellers on eBay may decide to run their auctions for any length of time

7 CFR 29.36 - Auction market.

Science.gov (United States)

2010-01-01

... 7 Agriculture 2 2010-01-01 2010-01-01 false Auction market. 29.36 Section 29.36 Agriculture Regulations of the Department of Agriculture AGRICULTURAL MARKETING SERVICE (Standards, Inspections, Marketing... INSPECTION Regulations Definitions § 29.36 Auction market. A place to which tobacco is delivered by the...

Auctioned IPOs : The U.S. Evidence

NARCIS (Netherlands)

Degeorge, F.; Derrien, F.; Womack, K.L.

2009-01-01

Between 1999 and 2007, WR Hambrecht has completed 19 IPOs in the U.S. using an auction mechanism. We analyze investor behavior and mechanism performance in these auctioned IPOs using detailed bidding data. The existence of some bids posted at high prices suggests that some investors (mostly retail)

Auctions for coastal energy resources

Science.gov (United States)

Griffin, Robert M.

It is becoming increasingly common to allocate public resources to the private sector for the purpose of developing these resources. One of the earliest uses of auctions in the U.S. for allocating rights to public resources was in the offshore oil and gas industry. The U.S. Federal government, through the Department of Interior (DOI), has used auctions to allocate development rights to offshore oil and gas resources to the private sector since the 1950's. Since then many things have changed. Oil and gas markets have gone through boom and bust cycles, giant technological advances in extraction and assessment have taken place, and alternative energy based in the coastal zone is now in demand in markets as well. There has been an enormous amount of research into the drivers of bidder behavior in auctions and optimal auction design in the last 60 years as well. Throughout all of this, the DOI has continued to use basically the same exact auction design to allocate oil and gas leases. The U.S. offshore oil and gas resources sold by the Department of Interior have accounted for more than $65 billion in revenue since the program started. These offshore resources are an important source of government revenue and national wealth. Additionally, the expansion of the energy sector offshore has enormous potential for electricity generation in the U.S., estimated by the National Renewable Energy Laboratory as approaching 54 gigawatts by 2030 (U.S. Department of Energy, 2008). Taken together, the DOI controls access to a large part of the future of energy in the U.S. The research herein assesses the auction formats used to allocate both fossil fuels and renewable resources on the Outer Continental Shelf (OCS). The first manuscript looks at the current method used by the DOI to allocate oil and gas leases on the OCS, and is primarily interested in how bidders behave in this environment. Using latent class estimation techniques to separate distinct bidding behavior in a laboratory

Auctioning access to networks: evidence and expectations

International Nuclear Information System (INIS)

McDaniel, T.

2003-01-01

Under very strict assumptions the outcomes that make common auction designs theoretically attractive can be expected to emerge: goods will go to those who value them most and the allocation will maximize revenue for the auctioneer. In network industries such as electricity, gas, telecommunications, rail, and airlines where agents are of different sizes and incumbency these assumptions do not always apply for a number of reasons. For example, the auctioned product may be an intermediate good, bidders are not symmetric with respect to values and information, markets are mixed, and property rights are hard to define. We discuss why it is not straightforward to make theoretical predictions about expected outcomes for these industries and use the British gas industry to discuss the importance of competition and scarcity for auctions of network capacity. (Author)

31 CFR 356.4 - What are the book-entry systems in which auctioned Treasury securities may be issued?

Science.gov (United States)

2010-07-01

... in which auctioned Treasury securities may be issued? There are three book-entry securities systems... marketable Treasury securities. We maintain and transfer securities in these three book-entry systems at... inflation. Securities may be transferred from one system to the other, unless the securities are not...

Rationality, irrationality and escalating behavior in lowest unique bid auctions.

Science.gov (United States)

Radicchi, Filippo; Baronchelli, Andrea; Amaral, Luís A N

2012-01-01

Information technology has revolutionized the traditional structure of markets. The removal of geographical and time constraints has fostered the growth of online auction markets, which now include millions of economic agents worldwide and annual transaction volumes in the billions of dollars. Here, we analyze bid histories of a little studied type of online auctions--lowest unique bid auctions. Similarly to what has been reported for foraging animals searching for scarce food, we find that agents adopt Lévy flight search strategies in their exploration of "bid space". The Lévy regime, which is characterized by a power-law decaying probability distribution of step lengths, holds over nearly three orders of magnitude. We develop a quantitative model for lowest unique bid online auctions that reveals that agents use nearly optimal bidding strategies. However, agents participating in these auctions do not optimize their financial gain. Indeed, as long as there are many auction participants, a rational profit optimizing agent would choose not to participate in these auction markets.

Efficient Double Auction Mechanisms in the Energy Grid with Connected and Islanded Microgrids

Science.gov (United States)

Faqiry, Mohammad Nazif

The future energy grid is expected to operate in a decentralized fashion as a network of autonomous microgrids that are coordinated by a Distribution System Operator (DSO), which should allocate energy to them in an efficient manner. Each microgrid operating in either islanded or grid-connected mode may be considered to manage its own resources. This can take place through auctions with individual units of the microgrid as the agents. This research proposes efficient auction mechanisms for the energy grid, with is-landed and connected microgrids. The microgrid level auction is carried out by means of an intermediate agent called an aggregator. The individual consumer and producer units are modeled as selfish agents. With the microgrid in islanded mode, two aggregator-level auction classes are analyzed: (i) price-heterogeneous, and (ii) price homogeneous. Under the price heterogeneity paradigm, this research extends earlier work on the well-known, single-sided Kelly mechanism to double auctions. As in Kelly auctions, the proposed algorithm implements the bidding without using any agent level private infor-mation (i.e. generation capacity and utility functions). The proposed auction is shown to be an efficient mechanism that maximizes the social welfare, i.e. the sum of the utilities of all the agents. Furthermore, the research considers the situation where a subset of agents act as a coalition to redistribute the allocated energy and price using any other specific fairness criterion. The price homogeneous double auction algorithm proposed in this research ad-dresses the problem of price-anticipation, where each agent tries to influence the equilibri-um price of energy by placing strategic bids. As a result of this behavior, the auction's efficiency is lowered. This research proposes a novel approach that is implemented by the aggregator, called virtual bidding, where the efficiency can be asymptotically maximized, even in the presence of price anticipatory bidders

Uncertain Reasoning for Detection of Selling Stolen Goods in Online Auctions Using Contextual Information

Directory of Open Access Journals (Sweden)

Ladislav Beranek

2014-01-01

Full Text Available This work describes the design of a decision support system for detection of fraudulent behavior of selling stolen goods in online auctions. In this system, each seller is associated with a type of certification, namely “proper seller,” “suspect seller,” and “selling stolen goods.” The certification level is determined on the basis of a seller’s behaviors and especially on the basis of contextual information whose origin is outside online auctions portals. In this paper, we focus on representing knowledge about sellers in online auctions, the influence of additional information available from other Internet source, and reasoning on bidders’ trustworthiness under uncertainties using Dempster-Shafer theory of evidence. To demonstrate the practicability of our approach, we performed a case study using real auction data from Czech auction portal Aukro. The analysis results show that our approach can be used to detect selling stolen goods. By applying Dempster-Shafer theory to combine multiple sources of evidence for the detection of this fraudulent behavior, the proposed approach can reduce the number of false positive results in comparison to approaches using a single source of evidence.

Multi-Dimensional Customer Data Analysis in Online Auctions

Institute of Scientific and Technical Information of China (English)

LAO Guoling; XIONG Kuan; QIN Zheng

2007-01-01

In this paper, we designed a customer-centered data warehouse system with five subjects: listing, bidding, transaction,accounts, and customer contact based on the business process of online auction companies. For each subject, we analyzed its fact indexes and dimensions. Then take transaction subject as example,analyzed the data warehouse model in detail, and got the multi-dimensional analysis structure of transaction subject. At last, using data mining to do customer segmentation, we divided customers into four types: impulse customer, prudent customer, potential customer, and ordinary customer. By the result of multi-dimensional customer data analysis, online auction companies can do more target marketing and increase customer loyalty.

Intelligent Personalized Trading Agents that facilitate Real-time Decisionmaking for Auctioneers and Buyers in the Dutch Flower Auctions

NARCIS (Netherlands)

W. Ketter (Wolfgang); H.W.G.M. van Heck (Eric); R.A. Zuidwijk (Rob)

2010-01-01

textabstractIn this case the Dutch Flower Auctions (DFA) are discussed. The DFA are part of the supply network in which flowers are produced, stocked, and then sold through either mediation or auctioning. This case focuses on the buyers’ and auctioneers’ positions when flowers are traded through

An Investigation of Value Updating Bidders in Simultaneous Online Art Auctions

Directory of Open Access Journals (Sweden)

Mayukh Dass

2010-01-01

Full Text Available Simultaneous online auctions, in which the auction of all items being sold starts at the same time and ends at the same time, are becoming popular especially in selling items such as collectables and art pieces. In this paper, we analyze the characteristics of bidders (Reactors in simultaneous auctions who update their preauction value of an item in the presence of influencing bidders (Influencers. We represent an auction as a network of bidders where the nodes represent the bidders participating in the auction and the ties between them represent an Influencer-Reactor relationship. We further develop a random effects bilinear model that is capable of handling covariates of both bidder types at the same time and account for higher-order dependence among the bidders during the auction. Using the model and data from a Modern Indian Art auction, we find that Reactors tend to update their values on items that have high preauction estimates, bid on items created by high investment risk artists, bid selectively only on certain items, and are more active in the second half of the auction. Implications for the auction house managers are discussed.

Cryptographically Secure Multiparty Computation and Distributed Auctions Using Homomorphic Encryption

Directory of Open Access Journals (Sweden)

Anunay Kulshrestha

2017-12-01

Full Text Available We introduce a robust framework that allows for cryptographically secure multiparty computations, such as distributed private value auctions. The security is guaranteed by two-sided authentication of all network connections, homomorphically encrypted bids, and the publication of zero-knowledge proofs of every computation. This also allows a non-participant verifier to verify the result of any such computation using only the information broadcasted on the network by each individual bidder. Building on previous work on such systems, we design and implement an extensible framework that puts the described ideas to practice. Apart from the actual implementation of the framework, our biggest contribution is the level of protection we are able to guarantee from attacks described in previous work. In order to provide guidance to users of the library, we analyze the use of zero knowledge proofs in ensuring the correct behavior of each node in a computation. We also describe the usage of the library to perform a private-value distributed auction, as well as the other challenges in implementing the protocol, such as auction registration and certificate distribution. Finally, we provide performance statistics on our implementation of the auction.

Online Reverse Auctions for Procurement of Services

NARCIS (Netherlands)

U.L. Radkevitch (Uladzimir)

2008-01-01

textabstractOnline reverse auctions, in which a buyer seeks to select a supplier and suppliers compete for contracts by bidding online, revolutionized corporate procurement early this century. Shortly after they had been pioneered by General Electric, many companies rushed to adopt reverse auctions

Rationality, irrationality and escalating behavior in lowest unique bid auctions.

Directory of Open Access Journals (Sweden)

Filippo Radicchi

Full Text Available Information technology has revolutionized the traditional structure of markets. The removal of geographical and time constraints has fostered the growth of online auction markets, which now include millions of economic agents worldwide and annual transaction volumes in the billions of dollars. Here, we analyze bid histories of a little studied type of online auctions--lowest unique bid auctions. Similarly to what has been reported for foraging animals searching for scarce food, we find that agents adopt Lévy flight search strategies in their exploration of "bid space". The Lévy regime, which is characterized by a power-law decaying probability distribution of step lengths, holds over nearly three orders of magnitude. We develop a quantitative model for lowest unique bid online auctions that reveals that agents use nearly optimal bidding strategies. However, agents participating in these auctions do not optimize their financial gain. Indeed, as long as there are many auction participants, a rational profit optimizing agent would choose not to participate in these auction markets.

Rationality, Irrationality and Escalating Behavior in Lowest Unique Bid Auctions

Science.gov (United States)

Radicchi, Filippo; Baronchelli, Andrea; Amaral, Luís A. N.

2012-01-01

Information technology has revolutionized the traditional structure of markets. The removal of geographical and time constraints has fostered the growth of online auction markets, which now include millions of economic agents worldwide and annual transaction volumes in the billions of dollars. Here, we analyze bid histories of a little studied type of online auctions – lowest unique bid auctions. Similarly to what has been reported for foraging animals searching for scarce food, we find that agents adopt Lévy flight search strategies in their exploration of “bid space”. The Lévy regime, which is characterized by a power-law decaying probability distribution of step lengths, holds over nearly three orders of magnitude. We develop a quantitative model for lowest unique bid online auctions that reveals that agents use nearly optimal bidding strategies. However, agents participating in these auctions do not optimize their financial gain. Indeed, as long as there are many auction participants, a rational profit optimizing agent would choose not to participate in these auction markets. PMID:22279553

Online learning in repeated auctions

OpenAIRE

Weed, Jonathan; Perchet, Vianney; Rigollet, Philippe

2015-01-01

Motivated by online advertising auctions, we consider repeated Vickrey auctions where goods of unknown value are sold sequentially and bidders only learn (potentially noisy) information about a good's value once it is purchased. We adopt an online learning approach with bandit feedback to model this problem and derive bidding strategies for two models: stochastic and adversarial. In the stochastic model, the observed values of the goods are random variables centered around the true value of t...

Horizontal ichthyoplankton tow-net system with unobstructed net opening

Science.gov (United States)

Nester, Robert T.

1987-01-01

The larval fish sampler described here consists of a modified bridle, frame, and net system with an obstruction-free net opening and is small enough for use on boats 10 m or less in length. The tow net features a square net frame attached to a 0.5-m-diameter cylinder-on-cone plankton net with a bridle designed to eliminate all obstructions forward of the net opening, significantly reducing currents and vibrations in the water directly preceding the net. This system was effective in collecting larvae representing more than 25 species of fish at sampling depths ranging from surface to 10 m and could easily be used at greater depths.

Implementation of Auctions for Renewable Energy Support in Poland: a Case Study

DEFF Research Database (Denmark)

Kitzing, Lena; Wendring, Paul

This report deals with the planned implementation of auctions for Renewable Energy support in Poland from 2016 onwards. The report focuses on the implementation process and provides the necessary background information. Furthermore the planned auction design is described and discussed both from...... criteria, of appropriate auction formats and suitable design elements for RES auctions, as well as the analysis of past auction implementations....

Optimize-and-Dispatch Architecture for Expressive Ad Auctions

OpenAIRE

Parkes, David C.; Sandholm, Tuomas

2005-01-01

Ad auctions are generating massive amounts of revenue for online search engines such as Google. Yet, the level of expressiveness provided to participants in ad auctions could be significantly enhanced. An advantage of this could be improved competition and thus improved revenue to a seller of the right to advertise to a stream of search queries. In this paper, we outline the kinds of expressiveness that one might expect to be useful for ad auctions and introduce a high-level “optimize-and-...

77 FR 57085 - Mobility Fund Phase I Auction; Release of Files with Recalculated Road Miles for Auction 901...

Science.gov (United States)

2012-09-17

... FEDERAL COMMUNICATIONS COMMISSION [AU Docket No. 12-25; DA 12-1446] Mobility Fund Phase I Auction... Mobility Fund Phase I support to be offered in Auction 901, which is to be held on September 27, 2012, and..., 77 FR 32092, May 31, 2012, the Bureaus identified census blocks eligible for the Mobility Fund Phase...

Selling pictures: the illustrated auction catalogue

Directory of Open Access Journals (Sweden)

Elizabeth Pergam

2014-12-01

Full Text Available This essay is based upon a survey of reproductions in auction catalogues – from their first appearance in the early eighteenth century until their more consistent use in the second decade of the twentieth century. Examining the role of these illustrations sheds light on how auctions functioned; it was not just the works of art that were traded, but knowledge about those works of art became currency to be exchanged. In contrast to the high end engravings and photographs of luxury illustrated art books, reproductions in auction catalogues – publications produced as ephemeral marketing tools – were of noticeably lower quality. This study of the status of reproductions, therefore, investigates the evolving understanding of art knowledge, both aesthetic and economic, and the interdependence of the market and connoisseurship.

Keeping out Trojan horses: auctions and bankruptcy in the laboratory

NARCIS (Netherlands)

Onderstal, S.; van der Veen, A.

2011-01-01

If a government auctions the right to market a good, continuity is likely to be of significant importance. In a laboratory experiment, we compare the effects of bidders' limited liability in the first-price sealed-bid auction and the English auction in a common value setting. Our data strongly

Appropriate design of auctions for renewable energy support – Prequalifications and penalties

International Nuclear Information System (INIS)

Kreiss, Jan; Ehrhart, Karl-Martin; Haufe, Marie-Christin

2017-01-01

Auctions are a promising tool to accomplish renewable energy support (RES). However, they involve diverse risks for the auctioneer and the bidders. The major risk for the auctioneer – with respect to the expansion target and the acceptance of auctions for RES in general – is the risk of non-realization: awarded bidders do not realize their projects. The main reasons are bidders' uncertainties concerning their project costs. The auctioneer can reduce the non-realization risk by taking various measures. The most discussed and implemented measures are financial and physical prequalifications and penalties. An evaluation of these measures has relevant implications for an appropriate auctions design for RES. The non-realization option induces lower bids. A suitable combination of financial and physical prequalifications can reduce the non-realization risk significantly, however, involves sunk costs. Counterintuitively, first-price auction and second-price auction lead to different expected award prices and different realization probabilities. Penalties bear a high risk of inefficient auction outcomes. The appropriate parametrization and combination of the measures is challenging. Under consideration of all implications, we recommend high financial and adjusted physical prequalifications to achieve a sufficiently high realization rate while maintaining efficiency. - Highlights: • The non-realization risk is a major problem of auctions for RES. • Designated measures are financial and physical prequalifications and penalties. • Prequalifications and penalties have different effects on auction outcome. • The non-realization option violates the revenue equivalence theorem. • We recommend high financial and adjusted physical prequalifications.

On the efficiency of the first price auction

Czech Academy of Sciences Publication Activity Database

Hernando-Veciana, Á.; Michelucci, Fabio

2017-01-01

Roč. 156, July (2017), s. 159-161 ISSN 0165-1765 Institutional support: Progres-Q24 Keywords : efficiency * first price auction * english auction Subject RIV: AH - Economics OBOR OECD: Economic Theory Impact factor: 0.558, year: 2016

BSEA: A Blind Sealed-Bid E-Auction Scheme for E-Commerce Applications

Directory of Open Access Journals (Sweden)

Rohit Kumar Das

2016-12-01

Full Text Available Due to an increase in the number of internet users, electronic commerce has grown significantly during the last decade. Electronic auction (e-auction is one of the famous e-commerce applications. Even so, security and robustness of e-auction schemes still remain a challenge. Requirements like anonymity and privacy of the b i d value are under threat from the attackers. Any auction protocol must not leak the anonymity and the privacy of the b i d value of an honest Bidder. Keeping these requirements in mind, we have firstly proposed a controlled traceable blind signature scheme (CTBSS because e-auction schemes should be able to trace the Bidders. Using CTBSS, a blind sealed-bid electronic auction scheme is proposed (BSEA. We have incorporated the notion of blind signature to e-auction schemes. Moreover, both the schemes are based upon elliptic curve cryptography (ECC, which provides a similar level of security with a comparatively smaller key size than the discrete logarithm problem (DLP based e-auction protocols. The analysis shows that BSEA fulfills all the requirements of e-auction protocol, and the total computation overhead is lower than the existing schemes.

Approximating the Qualitative Vickrey Auction by a Negotiation Protocol

Science.gov (United States)

Hindriks, Koen V.; Tykhonov, Dmytro; de Weerdt, Mathijs

A result of Bulow and Klemperer has suggested that auctions may be a better tool to obtain an efficient outcome than negotiation. For example, some auction mechanisms can be shown to be efficient and strategy-proof. However, they generally also require that the preferences of at least one side of the auction are publicly known. However, sometimes it is very costly, impossible, or undesirable to publicly announce such preferences. It thus is interesting to find methods that do not impose this constraint but still approximate the outcome of the auction. In this paper we show that a multi-round multi-party negotiation protocol may be used to this end if the negotiating agents are capable of learning opponent preferences. The latter condition can be met by current state of the art negotiation technology. We show that this protocol approximates the theoretical outcome predicted by a so-called Qualitative Vickrey auction mechanism (even) on a complex multi-issue domain.

Effective Spend Management Through Electronic Reverse Auction Configurations

Directory of Open Access Journals (Sweden)

Mojmír Prídavok

2013-07-01

Full Text Available The purpose of the paper is to analyz wide range of possible auction strategies and configurations of eRA, with respect to the ever changing market conditions. Electronic reverse auction (eRA represents an electronic sourcing method of competitive bidding among a number of qualified suppliers. Theory assumes that eRA represents pure market environment with information perfectly distributed between both buyers and suppliers. Although initial eRA cost savings in B2B could be as high as 40%, without deeper knowledge of different auctions strategies and configurations, additional cost reductions are not possible. To identify crucial determinant, the statistical (correlation analysis on the data set of more than 18.000 auction items with different configuration parameters was conducted. Findings suggest that the more bidders are invited to the eRA, the better results could be expected. Additionally, the complexity of the eRA parameterization does not seem to influent the success of the eRA. These results can influence usage and SW development of eRA application in real environment. This research extends already realized studies in the field of electronic auctions for the B2B processes

Auction fever: exploring informational social influences on bidder choices.

Science.gov (United States)

Chen, Yi-Fen

2011-01-01

Previous investigations of herd behavior have identified the importance of informational social influences in consumer decision making. This research presents three studies examining herd behavior in online auctions. The three studies addressed the influence on bidder online choices of herd cues frequently found in online auctions, including bid number, feedback ratings, and number of questions and answers. This research also investigated the effect of different levels of herd cues on bidder online choices under high and low brand awareness in online auctions. The experimental results demonstrated that bidders use online herd cues when making decisions in online auctions. Additionally, different levels of herd cues influence bidder online choices in both high and low brand awareness product situations.

A theoretical analysis of procurement auctions for tertiary control in Germany

International Nuclear Information System (INIS)

Mueller, Gernot; Rammerstorfer, Margarethe

2008-01-01

As far as energy policy is concerned, the design of the regulatory framework for energy transmission and distribution is a key issue. Consequently, also the embodiment of balancing power markets drives mainly the effectiveness of political implications for the energy sector. Initially, tertiary control in Germany was solely offered by transmission system operators of the respective power control areas and their associated power plant. The recast of the Energy Industry Act of 2005 led in last consequence to a common procurement auction for the supply of tertiary control, which starts on December 1, 2006. Admittedly, the reform has fallen short of expectations so far, first concerning the intensification of market entry of tertiary control providers as well as the desired decline of the price level. Hence, this article examines the effects of the changeover on observable demand charges. In order to identify attributes of the common procurement auction for tertiary control hampering market entry of providers, giving stimuli to collusion and strategic behavior, reducing intensity of competition and encouraging an upswing of prices, we analyze the design under an auction theoretical approach and deduce empirically whether structural components of the auction design have to be touched up again

Need and design of short-term auctions in the EU gas markets

International Nuclear Information System (INIS)

Vazquez, Miguel; Hallack, Michelle

2013-01-01

In the EU, gas markets are based on socializing network flexibility services. However, shippers have different preferences on network flexibility, which are not reflected in current allocation models. We propose the introduction of auction mechanisms to allocate network services in the short run. The auction aims to represent simultaneously the diversity of players′ preferences and the trade-offs implied by network constraints. Two sealed-bid auctions are proposed: (a) an auction based on bids for gas, which allocates network services through the minimization of gas price differences; (b) an auction with explicit bids for line-pack, which allows shippers′ valuation of line-pack storage. - Highlights: • EU gas regulation faces serious difficulties in network resource allocation. • We propose two short-term auctions with implicit network allocation. • The difference between the two is the implicit or explicit allocation of line-pack. • The first auction considers line-pack as an instrument to arbitrage gas prices. • The second auction design considers line-pack as a tool to hedge volatility

Common Agency and Coordinated Bids in Sponsored Search Auctions

OpenAIRE

Maris Goldmanis; Antonio Penta; Francesco Decarolis

2012-01-01

As auctions are becoming the main mechanism for selling advertisement space on the web, marketing agencies specialized in bidding in online auctions are proliferating. We analyze theoretically how bidding delegation to a common marketing agency can undermine both revenues and efficiency of the generalized second price auction, the format used by Google and Microsoft-Yahoo!. Our characterization allows us to quantify the revenue losses relative to both the case of full competition and the case...

Experimental comparison of impact of auction format on carbon allowance market

DEFF Research Database (Denmark)

Cong, Ronggang; Wei, Yi-Ming

2012-01-01

auction and English clock auction) with heterogeneous bidders (coal power plants and gas power plants) from four perspectives (carbon price, auction efficiency, demand withholding and fluctuations in power supplies). Possibilities of collusion among bidders and impacts of allowance banking and penalty...

A uniform price auction with locational price adjustments for competitive electricity markets

International Nuclear Information System (INIS)

Ethier, R.; Mount, T.; Schulze, W.; Zimmerman, R.; Thomas, R.

1999-01-01

Competitive electricity markets which rely on centralized dispatch require a mechanism to solicit offers from competing generators. Ideally, such an auction mechanism, provides incentives to submit offers equal to the marginal cost of generation for each generator. Economic theory suggests that the Uniform Price auction is an appropriate institution. However, an efficient implementation of this auction in an electricity context requires that the offers used in the auction reflect the appropriate locational price adjustments for transmission losses and congestion. This paper describes a uniform price auction that incorporates locational price adjustments on a Web-based platform suitable for experimentation. Preliminary results show dramatically different price and revenue results when compared with a simple continuous Discriminative auction. (author)

Experiments with the auction algorithm for the shortest path problem

DEFF Research Database (Denmark)

Larsen, Jesper; Pedersen, Ib

1999-01-01

The auction approach for the shortest path problem (SPP) as introduced by Bertsekas is tested experimentally. Parallel algorithms using the auction approach are developed and tested. Both the sequential and parallel auction algorithms perform significantly worse than a state-of-the-art Dijkstra-l......-like reference algorithm. Experiments are run on a distributed-memory MIMD class Meiko parallel computer....

An assessment of the Danish-German cross-border auctions

International Nuclear Information System (INIS)

Kristiansen, Tarjei

2007-01-01

This paper presents an analysis of the auction prices at the cross-border auction between West Denmark and Germany and between East Denmark and Germany (the Kontek cable). Monthly and annual transmission capacities appear to be more highly valued than daily transmission capacity on average. The two cross-border auctions show different trends: the auctions between West Denmark and Germany exhibit a higher level of prices in the southbound direction, and between East Denmark and Germany, higher prices in the northbound direction. We find a relatively strong correspondence in the pricing of products over different time frames (daily, monthly and annual auctions) between West Denmark and Germany and a weak correspondence for the products between East Denmark and Germany. In the daily auctions, market players can decide whether to use their capacity after the clearing of the day-ahead market, while in the monthly and annual auctions they must decide whether to use their capacity prior to clearing. If they choose not to use their capacity, the use-it-or-lose-it principle applies. The capacity is then subsequently released to the daily market. Since the daily cross-border auctions are free of commitment, they should be valued as options. Likewise, in the monthly and annual auctions market players can choose not to nominate their capacity but as this must occur before the clearing of the day-ahead market, they will not know the directions of the power flows a priori. If they nominate the capacity they must use it; if the direction turns out to be ''wrong,'' it is then possible to purchase capacity in the opposite direction in the daily auctions. If market players can accurately predict the outcome of the spot markets day ahead, the value of monthly and annual capacity should more closely reflect the value of an option. Thus, one would expect the value of the monthly and annual capacity to be between the value of an option and an obligation. Although this suggests that the

Repo auction formats, bidders' behaviour and money market response in India

OpenAIRE

Singh, Bhupal; Dhal, Sarat C.

1998-01-01

The treasury securities repo-auction is an important instrument for central banks in managing liquidity and sending interest rate signal to the money market. In the Indian context, the repo-auctions have been used actively in the post-reform period. The present study illustrates the money market reaction to repo-auctions and points out whether such reaction is consistent with applied auction rules. The policy implications are analysed in the light of alternative rules pertaining to discrimina...

Auction development for the price-based electric power industry

Science.gov (United States)

Dekrajangpetch, Somgiat

The restructuring of the electric power industry is to move away from the cost-based monopolistic environment of the past to the priced-based competitive environment. As the electric power industry is restructuring in many places, there are still many problems that need to be solved. The work in this dissertation contributes to solve some of the electric power auction problems. The majority of this work is aimed to help develop good markets. A LaGrangian relaxation (LR) Centralized Daily Commitment Auction (CDCA) has been implemented. It has been shown that the solution might not be optimal nor fair to some generation companies (GENCOs) when identical or similar generating units participate in a LR CDCA based auction. Supporting information for bidding strategies on how to change unit data to enhance the chances of bid acceptance has been developed. The majority of this work is based on Single Period Commodity Auction (SPCA). Alternative structures for the SPCA are outlined. Whether the optimal solution is degenerated is investigated. Good pricing criteria are summarized and the pricing method following good pricing criteria is developed. Electricity is generally considered as a homogeneous product. When availability level is used as additional characteristic to distinct electricity, electricity can be considered a heterogeneous product. The procedure to trade electricity as a heterogeneous product is developed. The SPCA is formulated as a linear program. The basic IPLP algorithm has been extended so that sensitivity analysis can be performed as in the simplex method. Sensitivity analysis is used to determine market reach. Additionally, sensitivity analysis is used in combination with the investigation of historical auction results to provide raw data for power system expansion. Market power is a critical issue in electric power deregulation. Firms with market power have an advantage over other competitor firms in terms of market reach. Various approaches to

Simulating the Effectiveness of an Alternative Salary Auction Mechanism

National Research Council Canada - National Science Library

Tan, Pei Yin

2006-01-01

... the incentive of bidders to submit a truthful valuation of the jobs. An alternative auction mechanism that combined elements of both auction theory and matching was proposed to overcome these complications...

A Trustworthy Internet Auction Model with Verifiable Fairness.

Science.gov (United States)

Liao, Gen-Yih; Hwang, Jing-Jang

2001-01-01

Describes an Internet auction model achieving verifiable fairness, a requirement aimed at enhancing the trust of bidders in auctioneers. Analysis results demonstrate that the proposed model satisfies various requirements regarding fairness and privacy. Moreover, in the proposed model, the losing bids remain sealed. (Author/AEF)

Vickrey Auctions in Practice: From Nineteenth-Century Philately to Twenty-First-Century E-Commerce

OpenAIRE

David Lucking-Reiley

2000-01-01

William Vickrey (1961) proposed an auction mechanism in which bidders submit sealed bids, and the highest bidder wins the good in return for payment of the second-highest bid amount. For decades, economists have credited Vickrey with inventing this auction format, and have believed that the Vickrey auction is rarely used in practice. This paper presents evidence that Vickrey auctions have long been the predominant auction format for mail sales of collectible postage stamps. Stamp auctioneers ...

Towards Formal Analysis of Insider Threats for Auctions

DEFF Research Database (Denmark)

Kammueller, Florian; Kerber, Manfred; Probst, Christian W.

2016-01-01

is meaningful to prove correctness and scrutinize vulnerability to security and privacy attacks. Surveying the threats in auctions and insider collusions, we present an approach to model and analyze auction protocols for insider threats using the interactive theorem prover Isabelle. As a case study, we use...

Bidding Strategies in Agent-based Continuous Double Auctions

NARCIS (Netherlands)

H. Ma (Huiye); H.-F. Leung

2008-01-01

htmlabstractOnline auctions are a platform to trade goods on the Internet. In this context, negotiation capabilities for software agents in continuous double auctions (CDAs) are a central concern. Agents need to be able to prepare bids for and evaluate offers on behalf of the users they represent

Multidimensional procurement auctions with unknown weights

DEFF Research Database (Denmark)

Greve, Thomas

This paper studies the consequences of holding a procurement auction when the principal chooses not to show its preferences. My paper extends the procurement auction model of Che (1993) to a situation where both the principal and the agents have private information. Thus, unknown parameters of bo...... gives rise to an analysis of a principal that can not fully commit to the outcome induced by the scoring rule. Therefore, my result apply to contract theory and it’s problems with imperfect commitment....

Revenue comparisons for auctions when bidders have arbitrary types

Directory of Open Access Journals (Sweden)

Yeon-Koo Che

2006-03-01

Full Text Available This paper develops a methodology for characterizing expected revenue from auctions when bidders' types come from an arbitrary distribution. In particular, types may be multidimensional, and there may be mass points in the distribution. One application extends existing revenue equivalence results. Another application shows that first-price auctions yield higher expected revenue than second-price auctions when bidders are risk averse and face financial constraints. This revenue ranking extends to risk-averse bidders with general forms of non-expected utility preferences.

Auctions for renewable energy support - Taming the beast of competitive bidding

DEFF Research Database (Denmark)

Mora Alvarez, David Fernando; Kitzing, Lena; Soysal, Emilie Rosenlund

countries. These insights are based on theoretical and empirical analysis (energy auctions in 12 European countries and 8 non-European countries), the use of state of the art simulation models and experiments, and through cooperation cases with some Member States providing tailor-made policy support...... in the implementation of auctions. AURES contributed to a strong knowledge-sharing with workshops, webinars, bi- and multilateral meetings, an interactive website and dedicated auction tools (AURES cash flow model and AURES auction designer). This final report covers a discussion of major findings and insights...

Statistical Properties of Online Auctions

Science.gov (United States)

Namazi, Alireza; Schadschneider, Andreas

We characterize the statistical properties of a large number of online auctions run on eBay. Both stationary and dynamic properties, like distributions of prices, number of bids etc., as well as relations between these quantities are studied. The analysis of the data reveals surprisingly simple distributions and relations, typically of power-law form. Based on these findings we introduce a simple method to identify suspicious auctions that could be influenced by a form of fraud known as shill bidding. Furthermore the influence of bidding strategies is discussed. The results indicate that the observed behavior is related to a mixture of agents using a variety of strategies.

Revenue and efficiency in multi-unit uniform-price auctions

Czech Academy of Sciences Publication Activity Database

Břeský, Michal

-, č. 384 (2009), s. 1-39 ISSN 1211-3298 Institutional research plan: CEZ:MSM0021620846 Keywords : multi-unit auction * multiple-object auction * market efficiency * optimal selling mechanism Subject RIV: AH - Economics http://www.cerge-ei.cz/pdf/wp/Wp384.pdf

Multi-Attribute Vickrey Auctions when Utility Functions are Unknown

NARCIS (Netherlands)

Máhr, T.; De Weerdt, M.M.

2006-01-01

Multi-attribute auctions allow negotiations over multiple attributes besides price. For example in task allocation, service providers can define their service by means of multiple attributes, such as quality of service, deadlines, or delay penalties. Auction mechanisms assume that the players have

Auction game in electric power market place

International Nuclear Information System (INIS)

Kumar, J.; Sheble, G.

1996-01-01

The power industry in the US is presently an evolving changing business environment. While planning to meet future peak demand is still a concern, the efficient utilization of existing generation and transmission resources is fast becoming a primary interest. This interest suggests a move from cost-based market operations to price based market operations. Auction market structure is one of the various ways to perform price based operation. Such a market place would be very new and challenging to all players of the electric power industry. This paper describes an overview of the new business environment. The paper presents a detailed description of the auction game. The trading objectives in the bidding game are defined. The framework of auction process is described by defining the rules to play the game. Finally, strategies for market players are discussed

Team Organization Method Using Salary Auction Game for Sustainable Motivation

Directory of Open Access Journals (Sweden)

Sangkyun Kim

2015-10-01

Full Text Available In performing team-based projects in engineering class, students usually face many problems, such as free-riding, lack of responsibility, boredom, and insufficient initiative. This papers proposes a new method for performing team-based projects in engineering class—specifically, a gamified method for team organization using a salary auction game. On the description of the design and use of a salary auction game in engineering class, a case study conducted using a survey method is reported to validate the practical value of the proposed auction game. The salary auction game proposed in this paper demonstrates that a gamified team organization method in engineering class could be used as an effective tool to enhance motivation and to improve learning outcomes of engineering students.

The supply function equilibrium and its policy implications for wholesale electricity auctions

International Nuclear Information System (INIS)

Holmberg, Paer; Newbery, David

2010-01-01

The supply function equilibrium provides a game-theoretic model of strategic bidding in oligopolistic wholesale electricity auctions. This paper presents an intuitive account of current understanding and shows how welfare losses depend on the number of firms in the market and their asymmetry. Previous results and general recommendations for divisible-good/multi-unit auctions provides guidance on the design of the auction format, setting the reservation price, the rationing rule, and restrictions on the offer curves in wholesale electricity auctions. (author)

How to Organize Sequential Auctions : Results of a Natural Experiment by Christie's

NARCIS (Netherlands)

Ginsburgh, V.; van Ours, J.C.

2003-01-01

In empirical studies of sequential auctions of identical objects prices have been found to decline.We study auctions of ancient Chinese porcelain recovered from shipwrecks.In these auctions there are very long sequences of lots of identical objects.We find that the average price decline is smaller

6 essays about auctions: a theoretical and empirical analysis. Application to power markets

International Nuclear Information System (INIS)

Lamy, L.

2007-06-01

This thesis is devoted to a theoretical and empirical analysis of auction mechanisms. Motivated by allocation issues in network industries, in particular by the liberalization of the electricity sector, it focus on auctions with externalities (either allocative or informational) and on multi-objects auctions. After an introduction which provides a survey of the use and the analysis of auctions in power markets, six chapters make this thesis. The first one considers standard auctions in Milgrom-Weber's model with interdependent valuations when the seller can not commit not to participate in the auction. The second and third chapters study the combinatorial auction mechanism proposed by Ausubel and Milgrom. The first of these two studies proposes a modification of this format with a final discount stage and clarifies the theoretical status of those formats, in particular the conditions such that truthful reporting is a dominant strategy. Motivated by the robustness issues of the generalizations of the Ausubel-Milgrom and the Vickrey combinatorial auctions to environments with allocative externalities between joint-purchasers, the second one characterizes the buyer-sub-modularity condition in a general model with allocative identity-dependent externalities between purchasers. In a complete information setup, the fourth chapter analyses the optimal design problem when the commitment abilities of the principal are reduced, namely she can not commit to a simultaneous participation game. The fifth chapter is devoted to the structural analysis of the private value auction model for a single-unit when the econometrician can not observe bidders' identities. The asymmetric independent private value (IPV) model is identified. A multi-step kernel-based estimator is proposed and shown to be asymptotically optimal. Using auctions data for the anglo-french electric Interconnector, the last chapter analyses a multi-unit ascending auctions through reduced forms. (author)

Revenue and efficiency in multi-unit uniform-price auctions

Czech Academy of Sciences Publication Activity Database

Břeský, Michal

2013-01-01

Roč. 82, November (2013), s. 205-217 ISSN 0899-8256 R&D Projects: GA ČR(CZ) GAP402/11/1531 Institutional support: RVO:67985998 Keywords : multi-unit auction * multiple-object auction * market efficiency Subject RIV: AH - Economics Impact factor: 1.025, year: 2013

Competition in decentralized electricity markets: Three papers on electricity auctions

Science.gov (United States)

Harbord, David William Cameron

This thesis consists of three self-contained papers on the analysis of electricity auctions written over a period of twelve years. The first paper models price competition in a decentralized wholesale market for electricity as a first-price, sealed-bid, multi-unit auction. In both the pure and mixed-strategy equilibria of the model, above marginal cost pricing and inefficient despatch of generating units occur. An alternative regulatory pricing rule is considered and it is shown that offering to supply at marginal cost can be induced as a dominant strategy for all firms. The second paper analyses strategic interaction between long-term contracts and price competition in the British electricity wholesale market, and confirms that forward contracts will tend to put downward pressure on spot market prices. A 'strategic commitment' motive for selling forward contracts is also identified: a generator may commit itself to bidding lower prices into the spot market in order to ensure that it will be despatched with its full capacity. The third paper characterizes bidding behavior and market outcomes in uniform and discriminatory electricity auctions. Uniform auctions result in higher average prices than discriminatory auctions, but the ranking in terms of productive efficiency is ambiguous. The comparative effects of other market design features, such as the number of steps in suppliers' bid functions, the duration of bids and the elasticity of demand are analyzed. The paper also clarifies some methodological issues in the analysis of electricity auctions. In particular we show that analogies with continuous share auctions are misplaced so long as firms are restricted to a finite number of bids.

Budget constraints and optimization in sponsored search auctions

CERN Document Server

Yang, Yanwu

2013-01-01

The Intelligent Systems Series publishes reference works and handbooks in three core sub-topic areas: Intelligent Automation, Intelligent Transportation Systems, and Intelligent Computing. They include theoretical studies, design methods, and real-world implementations and applications. The series' readership is broad, but focuses on engineering, electronics, and computer science. Budget constraints and optimization in sponsored search auctions takes into account consideration of the entire life cycle of campaigns for researchers and developers working on search systems and ROI maximization

Bandwidth auction for SVC streaming in dynamic multi-overlay

Science.gov (United States)

Xiong, Yanting; Zou, Junni; Xiong, Hongkai

2010-07-01

In this paper, we study the optimal bandwidth allocation for scalable video coding (SVC) streaming in multiple overlays. We model the whole bandwidth request and distribution process as a set of decentralized auction games between the competing peers. For the upstream peer, a bandwidth allocation mechanism is introduced to maximize the aggregate revenue. For the downstream peer, a dynamic bidding strategy is proposed. It achieves maximum utility and efficient resource usage by collaborating with a content-aware layer dropping/adding strategy. Also, the convergence of the proposed auction games is theoretically proved. Experimental results show that the auction strategies can adapt to dynamic join of competing peers and video layers.

Empirical Analysis of Competition in Procurement Auctions

OpenAIRE

Tukiainen, Janne

2008-01-01

A vast amount of public services and goods are contracted through procurement auctions. Therefore it is very important to design these auctions in an optimal way. Typically, we are interested in two different objectives. The first objective is efficiency. Efficiency means that the contract is awarded to the bidder that values it the most, which in the procurement setting means the bidder that has the lowest cost of providing a service with a given quality. The second objective is to maximize ...

Strategic Bidding in Hybrid CPC/CPM Auctions

OpenAIRE

Yi Zhu; Kenneth C. Wilbur

2008-01-01

Websites increasingly allow advertisers to choose whether to bid for advertising on a per-impression or per-click basis. We present the first analysis of this new hybrid auction market. The conventional wisdom in this industry is that brand advertisers (e.g., Coca-Cola) will bid for impressions, while direct response advertisers (e.g., Amazon.com) will bid for clicks. We find that in an auction setting similar to that used by Facebook and Google, brand advertisers may have an incentive to bid...

Auction design for gas pipeline transportation capacity-The case of Nabucco and its open season

International Nuclear Information System (INIS)

Pickl, Matthias; Wirl, Franz

2011-01-01

As a response to the Russian dominance of the EU's natural gas supplies and the EU's increasing gas demands, major gas pipeline projects are currently under way to enhance the EU's energy supply security. Oftentimes to raise financing and to allocate gas transportation capacities, auctions are carried out to allow gas shippers to book transportation rights. In recent years, auctions have emerged as one of the most successful allocation mechanisms in the microeconomic theory. However, different auction designs can lead to different outcomes making the choice of auction design a decisive one, especially for divisible-good auctions. This paper seeks to give a formulation of an optimal auction design for gas pipeline transportation capacity. Specifically three different mechanisms are tested: (i) NPV allocation; (ii) pro rata allocation; and (iii) optimization. In addition, Nabucco is taken as a case study to empirically show results of such auction designs. Results show that a trade-off between revenue optimization and fair allocation can be observed: allocation per optimization is the favorable auction design when revenue maximization is more important than fair allocation. On the other hand, pro rata allocation is the auction design to be chosen when fairness of allocation is considered most central. - Research highlights: → Auction design for gas pipeline transportation capacity. → Empirical market-survey of Nabucco pipeline project auction as input data. → Testing of three different allocation mechanisms: (i) NPV allocation; (ii) pro rata allocation; and (iii) optimization. → Results show a trade-off between revenue optimization and fair allocation. → Allocation per optimization is the favorable auction design when revenue maximization is more important than fair allocation. → On the other hand, pro rata allocation is the auction design to be chosen when fairness of allocation is considered most central.

Auction Design for the Allocation of Emission Permits in the Presence of Market Power

International Nuclear Information System (INIS)

Sunnevaag, K.J.

2003-01-01

To the extent that emission permits have been allocated using market mechanisms, this has been done using a sealed-bid auction design, typically with discriminatory prices. However, several authors have recommended the ascending auction format. Basically, two 'competing' ascending auction designs have been suggested, the standard ascending auction (with clock or demand schedules), or an alternative ascending-clock implementation of Vickrey-pricing. The latter design was introduced as a response to problems of bid shading under the sealed-bid and the standard ascending auction format. The purpose of this paper is to investigate the allocation of permits under these two alternative mechanisms. The auction process and the resulting market outcome in the presence of oligopolistic competition are simulated. In this setting, it is not obvious that bid shading is the optimal strategy under the standard design, nor is it obvious that sincere bidding is the optimal strategy under the alternative ascending auction design. The alternative auction format makes it less costly to pursue a strategy to increase market shares through the acquisition of emission permits, thus increasing the competitor's costs, leading to overbidding as the optimal strategy

Quid Pro Quo in IPOs: Why Book-Building is Dominating Auctions

OpenAIRE

Degeorge, François; Derrien, Francois; Womack, Kent L

2004-01-01

The book-building procedure for selling initial public offerings to investors has captured significant market share from auction alternatives in recent years, despite significantly lower costs in both direct fees and initial underpricing when using the auction mechanism. This paper shows that in the French market, where the frequency of book-building and auctions was about equal in the 1990s, the ostensible advantages to the issuer using book-building were advertising-related quid pro quo ben...

A Pareto Optimal Auction Mechanism for Carbon Emission Rights

Directory of Open Access Journals (Sweden)

Mingxi Wang

2014-01-01

Full Text Available The carbon emission rights do not fit well into the framework of existing multi-item auction mechanisms because of their own unique features. This paper proposes a new auction mechanism which converges to a unique Pareto optimal equilibrium in a finite number of periods. In the proposed auction mechanism, the assignment outcome is Pareto efficient and the carbon emission rights’ resources are efficiently used. For commercial application and theoretical completeness, both discrete and continuous markets—represented by discrete and continuous bid prices, respectively—are examined, and the results show the existence of a Pareto optimal equilibrium under the constraint of individual rationality. With no ties, the Pareto optimal equilibrium can be further proven to be unique.

Implementation of Auctions for Renewable Energy Support in the Netherlands and Denmark: A cooperation case study

DEFF Research Database (Denmark)

Gephart, Malte; Kitzing, Lena; Tiedeman, Silvana

This report deals with the potential implementation of opened auctions for Renewable Energy support in the Netherlands from 2017 on. The report focuses on the implementation process and provides the necessary background information. Furthermore the planned auction design is described and discussed...... of success criteria, of appropriate auction formats and suitable design elements for RES auctions, as well as the analysis of past auction implementations....

Carbon allowance auction design of China's emissions trading scheme: A multi-agent-based approach

International Nuclear Information System (INIS)

Tang, Ling; Wu, Jiaqian; Yu, Lean; Bao, Qin

2017-01-01

In this paper, a multi-agent-based ETS simulation model is proposed for carbon allowance auction design in China. In the proposed model, two main agents, i.e., the government (the ETS implementer) and the firms in different sectors (the ETS targets), are considered. Under the ETS policy, all agents make various decisions individually according to their own goals, and interact with each other through three main markets: the commodity market, the primary carbon auction market and the secondary carbon trading market. Different popular auction designs are introduced into the ETS formulation to offer helpful insights into China's ETS design. (1) Generally, the ETS would lead to positive effects on China's carbon mitigation and energy structure improvement, but a negative impact on economy. (2) As for auction forms, the uniform-price design is relatively moderate, while the discriminative-price design is quite aggressive in both economic damage and emissions reduction. (3) As for carbon price, the uniform-price auction might generate a slightly higher market clearing price than the discriminative-price auction, and the prices under two auction rules fluctuate about RMB 40 per metric ton. (4) As for carbon cap, the total allowances in the carbon auction market should be carefully set to well balance economic growth and mitigation effect. - Highlights: • A multi-agent-based model is proposed for China's emissions trading scheme (ETS). • Two main economic agents are included: government and firms in different sectors. • Auction-based allocation for initial carbon allowances is especially investigated. • Economic and environmental impacts of different auction designs are analyzed. • Results confirm the validity of the model and give helpful insights into ETS design.

Franchise Bidding in the Water Industry- Auction Schemes and Investment Incentives

OpenAIRE

Urs Meister

2004-01-01

The periodical re-auction of a water monopoly concession causes the danger of underinvestment. If the life-time of specific assets such as water pipes exceeds the contract length and transferring the ownership of assets is difficult, the incumbent franchisee faces a hold-up problem. Using a simple auction model that considers the specifics of the piped water sector this paper shows that investment incentives may vary depending on the applied auction scheme. The model is designed as a two stag...

Elicited Bid Functions in a (a)Symmetric First-Price Auctions

NARCIS (Netherlands)

Pezanis-Christou, P.; Sadrieh, A.

2003-01-01

We report on a series of experiments that examine bidding behavior in first-price sealed bid auctions with symmetric and asymmetric bidders.To study the extent of strategic behavior, we use an experimental design that elicits bidders complete bid functions in each round (auction) of the

The large-scale solar feed-in tariff reverse auction in the Australian Capital Territory, Australia

International Nuclear Information System (INIS)

Buckman, Greg; Sibley, Jon; Bourne, Richard

2014-01-01

Feed-in tariffs (FiTs) offer renewable energy developers significant investor certainty but sometimes at the cost of being misaligned with generation costs. Reverse FiT auctions, where the FiT rights for a predetermined capacity are auctioned, can overcome this problem but can be plagued by non-delivery risks, particularly of competitively priced proposals. In 2012 and 2013 the Australian Capital Territory (ACT) Government in Australia conducted a FiT reverse auction for 40 MW of large-scale solar generating capacity, the first such auction undertaken in the country. The auction was highly competitive in relation to price and demonstrating low delivery risks. Proposal capital costs, particularly engineering, procurement and construction costs, as well as internal rates of return, were lower than expected. The auction process revealed limited land availability for large-scale solar developments in the ACT as well as a significant perceived sovereign risk issue. The auction process was designed to mitigate non-delivery risk by requiring proposals to be pre-qualified on the basis of delivery risk, before considering FiT pricing. The scheme is likely to be used by the ACT Government to support further large-scale renewable energy development as part of its greenhouse gas reduction strategy which is underpinned by a 90-per cent-by-2020 renewable energy target. - Highlights: • Evolution of the reverse auction process in the Australian Capital Territory. • Analysis of the outcomes of the first Australian feed-in tariff reverse auction. • Identification of the major drivers of the low FiT prices achieved in the auction. • Identification of major issues that emerged in the auction

Analysis of a yearly multi-round, multi-period, multi-product transmission rights auction

International Nuclear Information System (INIS)

Ziogos, N.P.; Bakirtzis, A.G.

2008-01-01

A yearly multi-round, multi-period, multi-product transmission rights (TR) auction issuing both point-to-point Financial Transmission Rights (FTRs) and Flow-Gate Rights (FGRs) is studied in this paper. In each round the TR market participants (buyers or sellers) submit their bid or offer prices based on past energy market performance. A Locational Marginal Pricing (LMP) based energy market is assumed. The TR market participants' bid or offer prices reflect their expectation of the average annual LMP differences between withdrawal and injections points for FTRs and of the transmission link capacity prices for FGRs. The TR auction is performed in four rounds; in each round 25% of the entire system capability is awarded. TRs that are awarded in one round are modeled as fixed injections in subsequent rounds. Market participants that have acquired TRs in one round can sell them in subsequent rounds. A market participant can submit bids or offers for on-peak, off-peak or 24-h TRs. A three-area, nine-bus test system with six TR market participants is used for the analysis of the TR auction. (author)

Multiagent model and mean field theory of complex auction dynamics

Science.gov (United States)

Chen, Qinghua; Huang, Zi-Gang; Wang, Yougui; Lai, Ying-Cheng

2015-09-01

Recent years have witnessed a growing interest in analyzing a variety of socio-economic phenomena using methods from statistical and nonlinear physics. We study a class of complex systems arising from economics, the lowest unique bid auction (LUBA) systems, which is a recently emerged class of online auction game systems. Through analyzing large, empirical data sets of LUBA, we identify a general feature of the bid price distribution: an inverted J-shaped function with exponential decay in the large bid price region. To account for the distribution, we propose a multi-agent model in which each agent bids stochastically in the field of winner’s attractiveness, and develop a theoretical framework to obtain analytic solutions of the model based on mean field analysis. The theory produces bid-price distributions that are in excellent agreement with those from the real data. Our model and theory capture the essential features of human behaviors in the competitive environment as exemplified by LUBA, and may provide significant quantitative insights into complex socio-economic phenomena.

Multiagent model and mean field theory of complex auction dynamics

International Nuclear Information System (INIS)

Chen, Qinghua; Wang, Yougui; Huang, Zi-Gang; Lai, Ying-Cheng

2015-01-01

Recent years have witnessed a growing interest in analyzing a variety of socio-economic phenomena using methods from statistical and nonlinear physics. We study a class of complex systems arising from economics, the lowest unique bid auction (LUBA) systems, which is a recently emerged class of online auction game systems. Through analyzing large, empirical data sets of LUBA, we identify a general feature of the bid price distribution: an inverted J-shaped function with exponential decay in the large bid price region. To account for the distribution, we propose a multi-agent model in which each agent bids stochastically in the field of winner’s attractiveness, and develop a theoretical framework to obtain analytic solutions of the model based on mean field analysis. The theory produces bid-price distributions that are in excellent agreement with those from the real data. Our model and theory capture the essential features of human behaviors in the competitive environment as exemplified by LUBA, and may provide significant quantitative insights into complex socio-economic phenomena. (paper)

29 CFR 780.620 - Minimum wage for livestock auction work.

Science.gov (United States)

2010-07-01

... 29 Labor 3 2010-07-01 2010-07-01 false Minimum wage for livestock auction work. 780.620 Section 780.620 Labor Regulations Relating to Labor (Continued) WAGE AND HOUR DIVISION, DEPARTMENT OF LABOR... for Exemption § 780.620 Minimum wage for livestock auction work. The application of the exemption is...

Strategic Bidding in Multi-Unit Auctions with Capacity Constrained Bidders

DEFF Research Database (Denmark)

Schwenen, Sebastian

2015-01-01

This article employs a simple model to describe bidding behavior in multi-unit uniform price procurement auctions when firms are capacity constrained. Using data from the New York City procurement auctions for power generating capacity, I find that firms use simple bidding strategies to coordinate......'s capacities and its profits of undercutting increase....

AUCTION MECHANISMS FOR IMPLEMENTING TRADABLE NETWORK PERMIT MARKETS

Science.gov (United States)

Wada, Kentaro; Akamatsu, Takashi

This paper proposes a new auction mechanism for implementing the tradable network permit markets. Assuming that each user makes a trip from an origin to a destination along a path in a specific time period, we design an auction mechanism that enables each user to purchase a bundle of permits corresponding to a set of links in the user's preferred path. The objective of the proposed mechanism is to achieve a socially optimal state with minimal revelation of users' private information. In order to achieve this, the mechanism employs an evolutionary approach that has an auction phase and a path capacity adjustment phase, which are repeated on a day-to-day basis. We prove that the proposed mechanism has the following desirable properties: (1) truthful bidding is the dominant strategy for each user and (2) the proposed mechanism converges to an approximate socially optimal state in the sense that the achieved value of the social surplus reaches its maximum value when the number of users is large.

Design and Promotion Strategy of Marketing Platform of Aquatic Auction based on Internet

Science.gov (United States)

Peng, Jianliang

For the online trade and promotion of aquatic products and related materials through the network between supply and demand, the design content and effective promotional strategies of aquatic auctions online marketing platform is proposed in this paper. Design elements involve the location of customer service, the basic function of the platform including the purchase of general orders, online auctions, information dissemination, and recommendation of fine products, human services, and payment preferences. Based on network and mobile e-commerce transaction support, the auction platform makes the transaction of aquatic products well in advance. The results are important practical value for the design and application of online marketing platform of aquatic auction.

On Revenue-Optimal Dynamic Auctions for Bidders with Interdependent Values

Science.gov (United States)

Constantin, Florin; Parkes, David C.

In a dynamic market, being able to update one's value based on information available to other bidders currently in the market can be critical to having profitable transactions. This is nicely captured by the model of interdependent values (IDV): a bidder's value can explicitly depend on the private information of other bidders. In this paper we present preliminary results about the revenue properties of dynamic auctions for IDV bidders. We adopt a computational approach to design single-item revenue-optimal dynamic auctions with known arrivals and departures but (private) signals that arrive online. In leveraging a characterization of truthful auctions, we present a mixed-integer programming formulation of the design problem. Although a discretization is imposed on bidder signals the solution is a mechanism applicable to continuous signals. The formulation size grows exponentially in the dependence of bidders' values on other bidders' signals. We highlight general properties of revenue-optimal dynamic auctions in a simple parametrized example and study the sensitivity of prices and revenue to model parameters.

Convergent Double Auction Mechanism for a Prosumers’ Decentralized Smart Grid

Directory of Open Access Journals (Sweden)

Tadahiro Taniguchi

2015-10-01

Full Text Available In this paper, we propose a novel automated double auction mechanism called convergent linear function submission-based double-auction (CLFS-DA for a prosumers’ decentralized smart grid. The target decentralized smart grid is a regional electricity network that consists of many prosumers that have a battery and a renewable energy-based generator, such as photovoltaic cells. In the proposed double-auction mechanism, each intelligent software agent representing each prosumer submits linear demand and supply functions to an automated regional electricity market where they are registered. It is proven that the CLFS-DA mechanism is guaranteed to obtain one of the global optimal price profiles in addition to it achieving an exact balance between demand and supply, even through the learning period. The proof of convergence is provided on the basis of the theory of LFS-DA, which gives a clear bridge between a function submission-based double auction and a dual decomposition (DD-based real-time pricing procedure. The performance of the proposed mechanism is demonstrated numerically through a simulation experiment.

A Sealed-Bid Two-Attribute Yardstick AuctionWithout Prior Scoring

DEFF Research Database (Denmark)

Leth Hougaard, Jens; Nielsen, Kurt; Papakonstantinou, Athanasios

2016-01-01

that following this type of equilibrium behavior often leads to winner’s curse. The simulations show that in auctions with more than 12 participants the chance of facing winner’s curse is around 95%. Truthful reporting, on the other hand, does not constitute a Nash equilibrium but it is ex post individually......We analyze a two-attribute single item procurement auction that uses yardstick competition to settle prices. The auction simplifies the procurement process by reducing the principal’s articulation of preferences to simply choosing the most preferred offer as if it was a market with posted prices...... rational. Using a simulation study we demonstrate that truthful bidding may indeed represent some kind of focal point....

A Centralized Auction Mechanism for the Disability and Survivors Insurance in Chile

Science.gov (United States)

Reyes H., Gonzalo

As part of the pension reform recently approved in Chile, the government introduced a centralized auction mechanism to provide the Disability and Survivors (D&S) Insurance that covers recent contributors among the more than 8 million participants in the mandatory private pension system. This paper is intended as a case study presenting the main distortions found in the decentralized operation of the system that led to this reform and the challenges faced when designing a competitive auction mechanism to be implemented jointly by the Pension Fund Managers (AFP). In a typical bilateral contract the AFP retained much of the risk and the Insurance Company acted in practice as a reinsurer. The process to hire this contract was not competitive and colligated companies ended up providing the service. Several distortions affected competition in the market through incentives to cream-skim members by AFPs (since they bear most of the risk) or efforts to block disability claims. Since the price of this insurance is hidden in the fees charged by AFPs for the administration of individual accounts and pension funds there was lack of price transparency. Since new AFPs have no history of members’ disability and mortality profile the insurance contract acted as a barrier to entry in the market of AFP services, especially when D&S insurance costs reached 50% of total costs. Cross-subsidies between members of the same AFP, inefficient risk pooling (due to pooling occurring at the AFP rather than at the system level) and regulatory arbitrage, since AFPs provided insurance not being regulated as an insurance company, were also present. A centralized auction mechanism solves these market failures, but also gives raise to new challenges, such as how to design a competitive auction that attracts participation and deters collusion. Design features that were incorporated in the regulation to tackle these issues, such as dividing coverage into predefined percentage blocks, are presented

A Classroom Auction with Externalities: Applied to Mergers and Acquisitions

Science.gov (United States)

Meister, J. Patrick; Anderson, Kyle J.

2007-01-01

The authors describe an in-class exercise in which students participate in an auction to buy US Airways. The exercise is based on events of late 1995, in which neither United nor American Airlines decided to bid for US Airways. Two teams of students participate in an English auction. Students learn that the equilibrium of the sequential game is…

Opening and Closing Price Efficiency: Do Financial Markets need the Call Auction?

OpenAIRE

Ibikunle, Gbenga

2015-01-01

We model 73.62 million London Stock Exchange (LSE) trades and show that the LSE’s high rate of failure to open at the opening auction only relates to low volume stocks. Low volume stock traders avoid trading until the open; this seems connected to their evading the informed trading-dominated opening auction. For the largest volume stocks, the opening auction provides highly efficient opening prices, while the lower volume stocks attain similar levels of price efficiency only after the start o...

Pure equilibrium strategies in multi-unit auctions with private value bidders

Czech Academy of Sciences Publication Activity Database

Břeský, Michal

-, č. 376 (2008), s. 1-44 ISSN 1211-3298 Institutional research plan: CEZ:MSM0021620846 Keywords : multiple-unit auction * existence of equilibrium in discontinuous games * pay-your- bid and uniform-price auctions Subject RIV: AH - Economics http://www.cerge-ei.cz/pdf/wp/Wp376.pdf

PolicyNet Publication System

Data.gov (United States)

Social Security Administration — The PolicyNet Publication System project will merge the Oracle-based Policy Repository (POMS) and the SQL-Server CAMP system (MSOM) into a new system with an Oracle...

Combinatorial auctions for electronic business

Indian Academy of Sciences (India)

R. Narasimhan (Krishtel eMaging) 1461 1996 Oct 15 13:05:22

(6) Information feedback: An auction protocol may be a direct mechanism or an .... transparency of allocation decisions arise in resolving these ties. .... bidding, however more recently, combinatorial bids are allowed [50] making ...... Also, truth revelation and other game theoretic considerations are not taken into account.

Sets in Excess Demand in Ascending Auctions with Unit-Demand Bidders

NARCIS (Netherlands)

Andersson, T.D.; Andersson, C.; Talman, A.J.J.

2010-01-01

This paper analyzes the problem of selling a number of indivisible items to a set of unitdemand bidders. An ascending auction mechanism called the Excess Demand Ascending Auction (EDAA) is defined. The main results demonstrate that EDAA terminates in a finite number of iterations and that the exact

Application for Single Price Auction Model (SPA) in AC Network

Science.gov (United States)

Wachi, Tsunehisa; Fukutome, Suguru; Chen, Luonan; Makino, Yoshinori; Koshimizu, Gentarou

This paper aims to develop a single price auction model with AC transmission network, based on the principle of maximizing social surplus of electricity market. Specifically, we first formulate the auction market as a nonlinear optimization problem, which has almost the same form as the conventional optimal power flow problem, and then propose an algorithm to derive both market clearing price and trade volume of each player even for the case of market-splitting. As indicated in the paper, the proposed approach can be used not only for the price evaluation of auction or bidding market but also for analysis of bidding strategy, congestion effect and other constraints or factors. Several numerical examples are used to demonstrate effectiveness of our method.

Competitive bidding for health insurance contracts: lessons from the online HMO auctions.

Science.gov (United States)

Gupta, Alok; Parente, Stephen T; Sanyal, Pallab

2012-12-01

Healthcare is an important social and economic component of modern society, and the effective use of information technology in this industry is critical to its success. As health insurance premiums continue to rise, competitive bidding may be useful in generating stronger price competition and lower premium costs for employers and possibly, government agencies. In this paper, we assess an endeavor by several Fortune 500 companies to reduce healthcare procurement costs for their employees by having HMOs compete in open electronic auctions. Although the auctions were successful in generating significant cost savings for the companies in the first year, i.e., 1999, they failed to replicate the success and were eventually discontinued after two more years. Over the past decade since the failed auction experiment, effective utilization of information technologies have led to significant advances in the design of complex electronic markets. Using this knowledge, and data from the auctions, we point out several shortcomings of the auction design that, we believe, led to the discontinuation of the market after three years. Based on our analysis, we propose several actionable recommendations that policy makers can use to design a sustainable electronic market for procuring health insurance.

Former Auctioneer Finds Voice After Aphasia

Science.gov (United States)

... Aphasia Follow us Former Auctioneer Finds Voice After Aphasia Speech impairment changed his life One unremarkable September ... 10 Tips for Communicating with Someone who has Aphasia Talk to them in a quiet, calm, relaxed ...

Identification of shareholder ethics and responsibilities in online reverse auctions for construction projects.

Science.gov (United States)

Hatipkarasulu, Yilmaz; Gill, James H

2004-04-01

The increasing number of companies providing internet services and auction tools helped popularize the online reverse auction trend for purchasing commodities and services in the last decade. As a result, a number of owners, both public and private, accepted the online reverse auctions as the bidding technique for their construction projects. Owners, while trying to minimize their costs for construction projects, are also required to address their ethical responsibilities to the shareholders. In the case of online reverse auctions for construction projects, the ethical issues involved in the bidding technique directly reflects on the owner's ethical and social responsibilities to their shareholders. The goal of this paper is to identify the shareholder ethics and responsibilities in online reverse auctions for construction projects by analyzing the ethical issues for the parties involved in the process. The identification of the ethical issues and responsibilities requires clear definition and understanding of professional ethics and the roles of the involved parties. In this paper, first, the concept of professional ethics and social responsibility is described in a general form. To illustrate the ethical issues and responsibilities, a sample case of bidding for a construction project using online reverse auction techniques is presented in which the shareholders were actively involved in questioning the ethical issues. The issues involved in the bidding process and their reflection on the shareholder responsibilities are described and analyzed for each stage of the process. A brief discussion of the overall process is also included to address the general ethical issues involved in online reverse auctions.

Do auctions and forced divestitures increase competition? Evidence for retail gasoline markets

NARCIS (Netherlands)

Soetevent, A.R.; Haan, M.A.; Heijnen, P.

2008-01-01

Where markets are insufficiently competitive, governments can intervene by auctioning licenses to operate or by forcing divestitures. The Dutch government has done exactly that, organizing auctions to redistribute tenancy rights for highway gasoline stations and forcing the divestiture of outlets of

77 FR 9655 - Mobility Fund Phase I Auction Updated List of Potentially Eligible Census Blocks

Science.gov (United States)

2012-02-17

... FEDERAL COMMUNICATIONS COMMISSION [AU Docket No. 12-25; DA 12-187] Mobility Fund Phase I Auction.... DATES: Pursuant to the Auction 901 (Mobility Fund Phase I) Comment Public Notice, 77 FR 7152, February... 9, 2012. ADDRESSES: Pursuant to the Auction 901 (Mobility Fund Phase I) Comment Public Notice, 77 FR...

Potential benefits of selling by auction the CIP 6 energy

International Nuclear Information System (INIS)

Campidoglio, C.

2000-01-01

This paper analyses the potential benefits of selling by auction the CIP 6 energy. This would both reduce the supply shortage and the prices on the eligible market, increase competition on the contract-for-difference market, indicate a clear price to which regulated energy charges could be indexed, thus extending the auction benefits to the franchise market to avoid the reintroduction of cross-subsidies [it

Reciprocity in Online Markets: Empirical Studies of Auction and Barter Markets

Science.gov (United States)

Ye, Shun

2013-01-01

My dissertation seeks to understand how reciprocity affects transaction outcomes and mechanism design in online markets. The first essay examines negative reciprocity illustrated as feedback-revoking behavior in the eBay auction market, focusing on its impact and implications for reputation system design. I utilize the biggest policy change of…

Anatomy of the Rise and Fall of a Price-Fixing Conspiracy: Auctions at Sotheby's and Christie's

OpenAIRE

Ashenfelter, Orley C; Graddy, Kathryn

2004-01-01

The Sotheby's/Christie's price-fixing scandal that ended in the public trial of Alfred Taubman provides a unique window on a number of key economic and antitrust policy issues related to the use of the auction system. The trial provided detailed evidence as to how the price fixing worked, and the economic conditions under which it was started and began to fall apart. The outcome of the case also provides evidence on the novel auction process used to choose the lead counsel for the civil settl...

Auctionable fixed transmission rights for congestion management

Science.gov (United States)

Alomoush, Muwaffaq Irsheid

the transaction by the ISO, take a decision to expand the existing system, or retain the original structure of the system. Also, the thesis investigates the impact of wheeling transactions on congestion management, where we present a generalized mathematical model for the Fixed Transmission Right (FTR) auction. The auction guarantees FTR availability to all participants on a non-discriminatory basis, in which system users are permitted to buy, sell and trade FTRs through an auction. When FTRs are utilized with LMPs, they increase the efficient use of the transmission system and let a transmission customer gain advantageous features such as acquiring a mechanism to offset the extra cost due to congestion charges, providing financial and operational certainty and making system users pay for the actual use of the congested paths. The thesis also highlighted FTR trading in secondary markets to self-arrange access across different paths, create long-term transmission rights and provide more commercial certainty.

Do auctions and forced divestitures increase competition? Evidence for retail gasoline markets

NARCIS (Netherlands)

Soetevent, A.R.; Haan, M.A.; Heijnen, P.

2014-01-01

To foster competition, governments can intervene by auctioning licenses to operate, or by imposing divestitures. The Dutch government has done exactly that, organizing auctions to redistribute tenancy rights for highway gasoline stations and imposing divestitures of such stations on the four major

Understanding overbidding: using the neural circuitry of reward to design economic auctions.

Science.gov (United States)

Delgado, Mauricio R; Schotter, Andrew; Ozbay, Erkut Y; Phelps, Elizabeth A

2008-09-26

We take advantage of our knowledge of the neural circuitry of reward to investigate a puzzling economic phenomenon: Why do people overbid in auctions? Using functional magnetic resonance imaging (fMRI), we observed that the social competition inherent in an auction results in a more pronounced blood oxygen level-dependent (BOLD) response to loss in the striatum, with greater overbidding correlated with the magnitude of this response. Leveraging these neuroimaging results, we design a behavioral experiment that demonstrates that framing an experimental auction to emphasize loss increases overbidding. These results highlight a role for the contemplation of loss in understanding the tendency to bid "too high." Current economic theories suggest overbidding may result from either "joy of winning" or risk aversion. By combining neuroeconomic and behavioral economic techniques, we find that another factor, namely loss contemplation in a social context, may mediate overbidding in auctions.

Least-Present-Value-of-Revenue Auctions and Highway Franchising

OpenAIRE

Eduardo M.R.A. Engel; Ronald D. Fischer; Alexander Galetovic

1998-01-01

In recent years several countries have started massive highway franchising programs auctioned to private firms. In these auctions, the regulator typically sets the franchise term and firms bid on tolls, or, alternatively, the regulator sets tolls and the winner is the firm that asks for the shortest franchise term. In this paper we argue that many of the problems that highway franchises have encountered are due to the fact that the franchise term cannot adjust to demand realizations. We propo...

Efficiency Intra-Cluster Device-to-Device Relay Selection for Multicast Services Based on Combinatorial Auction

Directory of Open Access Journals (Sweden)

Yong Zhang

2015-12-01

Full Text Available In Long Term Evolution-Advanced (LTE-A networks, Device-to-device (D2D communications can be utilized to enhance the performance of multicast services by leveraging D2D relays to serve nodes with worse channel conditions within a cluster. For traditional D2D relay schemes, D2D links with poor channel condition may be the bottleneck of system sum data rate. In this paper, to optimize the throughput of D2D communications, we introduce an iterative combinatorial auction algorithm for efficient D2D relay selection. In combinatorial auctions, the User Equipments (UEs that fails to correctly receive multicast data from eNodeB (eNB are viewed as bidders that compete for D2D relays, while the eNB is treated as the auctioneer. We also give properties of convergency and low-complexity and present numerical simulations to verify the efficiency of the proposed algorithm.

Combining auctions and performance-based payments in a forest enrichment field trial in Western Kenya.

Science.gov (United States)

Khalumba, Mercelyne; Wünscher, Tobias; Wunder, Sven; Büdenbender, Mirjam; Holm-Müller, Karin

2014-06-01

Cost-effectiveness is an important aspect in the assessment of payments for environmental services (PES) initiatives. In participatory field trials with communities in Western Kenya, we combined procurement auctions for forest enrichment contracts with performance-based payments and compared the outcomes with a baseline scenario currently used by the Kenyan Forest Service. Procurement auctions were the most cost-effective. The competitive nature of the auction reduced contracting expenses (provision costs), and the result-oriented payments provided additional incentives to care for the planted seedlings, resulting in their improved survival rates (service quantity). These gains clearly exceeded increases in transaction costs associated with conducting an auction. The number of income-poor auction participants and winners was disproportionately high and local institutional buy-in was remarkably strong. Our participatory approach may, however, require adaptations when conducted at a larger scale. Although the number of contracts we monitored was limited and prohibited the use of statistical tests, our study is one of the first to reveal the benefits of using auctions for PES in developing countries. © 2014 Society for Conservation Biology.

A robust internet-based auction to procure electricity forwards

International Nuclear Information System (INIS)

Woo, C.K.; Lloyd, D.; Borden, M.; Warrington, R.; Baskette, C.

2004-01-01

Securing forward contracts to manage procurement-cost risk is an intuitively appealing and economically reasonable strategy for a load-serving local distribution company (LDC) in today's volatile electricity marketplace. However, knowing what to buy does not guarantee least-cost implementation. The forward-contract price quoted by a prospective seller may not be the 'best deal' that an LDC could have obtained, especially when the forward contract desired by the LDC is not actively traded. This paper reports the results from five internet-based auctions for electricity forward contracts with non-firm delivery and varying hourly quantities held monthly by a Florida municipal utility (MU) from September 2002 to January 2003. The results confirm that a multi-round auction design is robust in realizing competitive price offers made by credit-worthy sellers, time-efficient contracting, and consistent cost savings to the MU. Thus, the Anglo-Dutch auction described herein is a reasonable substitute for generation ownership by an LDC. (author)

What’s a Cricketer’s Worth? Predicting Bid Prices for Indian Premier League Auctions

Directory of Open Access Journals (Sweden)

Siddhartha K. RASTOGI

2017-04-01

Full Text Available Indian Premier League is a twenty-over format cricket tournament of teams representing different Indian cities. Beginning 2008, it is established now as a grand annual affair. The team franchises are auctioned on long term basis, whereas cricketers are auctioned every season under certain conditions. Despite such wealth of information, studies on IPL auctions are rare barring four cited models. The present paper studies the results of year 2011 English-style auction of cricketers and recalibrates the old yet most accurate model by Rastogi and Deodhar (2009. Both models use ordinary least square method of regression albeit with different variable. The old models lack predictive power, whereas the recalibrated model presented displays better predictive capability as compared to earlier models. It also succeeds in reducing overall predictability gap and stands significantly parsimonious vis-à-vis previous models. Further, the final model presented is applied on 2013 and 2014 auction data to show superior results.

The use of importance and performance analysis (IPA) to evaluate effectiveness of the forward auction market agro commodities: A case study

Science.gov (United States)

Wulansari, Dwi Ratna; Sutopo, Wahyudi; Hisjam, Muh.

2018-02-01

The empowering auction market for commodities in East Java Province is one of five auction market revitalization programs conducted by the Republic of Indonesia c.q. Ministry of Trading started in 2014. One of the districts in East Java Province, namely Magetan District utilizes the commodity auction market to improve the competitiveness of their agricultural industry by shortening the supply chain. The Magetan District needs to evaluate their support for farmers or farmer groups to participate in the forward auction market (FAM). Implementation of the FAM commodities is divided into three main processes, namely pre-auction, auction, and post-auction. The auction market is organized to shorten the trading chain. Implementation of the FAM requires good planning, among Seller (namely Farmer or Farmer Group), organizer of Auction (namely Commodity Auction Company), Buyer, and Local Government (namely the farmer facilitator). This article is aimed to develop the instrument of a Performance Measurement Model Using Important and Performance Analysis (IPA) for Improving the FAM Effectiveness of Agro Commodity from Magetan District with Supply Chain Management approach. IPA is implemented at pre-auction, auction, and post-auction. The IPA model results in the diagram to decide the strategies in improving the FAM effectiveness, and then it can encourage farmers to improve welfare and realize the competitiveness of the auctioneer.

Auction pricing of network access for North American railways

DEFF Research Database (Denmark)

Harrod, Steven

2013-01-01

The question of pricing train paths for "open access" railway networks in North America is discussed. An auction process is suggested as necessary to maintain transparency in the contracting process. Multiple random samples of auction pricing for a single track railway line demonstrate...... that the infrastructure entity will receive approximately 15.6% less than the true value of the contracted train paths. This loss of revenue threatens the objective of reducing government subsidy for the railway network. (C) 2012 Elsevier Ltd. All rights reserved....

Pricing strategies, the strength of bidding intentions, and online auction performance: a cross-cultural study.

Science.gov (United States)

Peng, Yu-Shu; Jan, Lih-Tsyr

2009-10-01

Over the past decade, electronic markets based on the Internet, particularly online auctions, have become popular venues for conducting business. Previous studies often focused on the construction of the best bidding model, while few studies have tried to integrate multiple pricing strategies to predict the probability of closing an auction and the price premium. This study constructs a mediated model to examine the relationship among pricing strategies, the strength of bidding intentions, and online auction performance. The sample consists of 1,055 auctions of iPod MP3 players from eBay Web sites in Hong Kong, Singapore, Belgium, and France. Empirical results show that the pricing strategies directly influence both the probability of closing an auction and the level of price premium. The pricing strategies also indirectly influence the price premium through the mediating effect of the strength of bidding intentions.

Point Climat no. 25 'Auction revenues in EU ETS Phase 3: a new public resource'

International Nuclear Information System (INIS)

Chevaleyre, Guillaume; Berghmans, Nicolas

2013-01-01

Among the publications of CDC Climat Research, 'Climate Briefs' presents, in a few pages, hot topics in climate change policy. This issue addresses the following points: As from 1 January 2013, auctions will become the main mode for distributing CO 2 allowances within the EU ETS. By 2020, almost one billion EUAs will be sold every year and generate income for Member States. Although sales of Phase 3 allowances have begun, uncertainty still surrounds the total amount of allowances to be auctioned. In particular, benchmark free allocations, the potential review of the auction timetable and the exemption of international flights from the EU ETS will impact the final amounts auctioned and the EUA price. These factors will affect the final auction revenues of each Member States differently. Government authorities will need to take account of the variability of this new financial resource

7 CFR 46.25 - Auction sales.

Science.gov (United States)

2010-01-01

... 7 Agriculture 2 2010-01-01 2010-01-01 false Auction sales. 46.25 Section 46.25 Agriculture Regulations of the Department of Agriculture AGRICULTURAL MARKETING SERVICE (Standards, Inspections, Marketing Practices), DEPARTMENT OF AGRICULTURE MARKETING OF PERISHABLE AGRICULTURAL COMMODITIES REGULATIONS (OTHER...

Analysis of a monthly auction for financial transmission rights and flow-gate rights

International Nuclear Information System (INIS)

Biskas, P.N.; Ziogos, N.P.; Bakirtzis, A.G.

2007-01-01

A monthly transmission rights (TR) auction issuing both point-to-point financial transmission rights (FTRs) and flow-gate rights (FGRs) is studied in this paper. Initially, a locational marginal pricing (LMP) based energy market is presented, in which the linear security constrained optimal power flow (SCOPF) problem is solved for each hour of system operation, determining the nodal prices, the transmission link capacity prices and the transmission congestion charges (TCCs) that should be collected by the ISO in case of congestion. A monthly auction is conducted in the TR market issuing FTR obligations, FTR options and FGRs to market players, building a link between all types of transmission rights under the same market structure. Combining the advantages of financial and physical rights, the market efficiency can be enhanced by offering a variety of choices for risk management to market players. The monthly TR auction is tested on several case studies using the IEEE three-area RTS96 and useful conclusions are drawn concerning the utility of the various types of transmission rights as compared to one another, in terms of the reimbursement they provide to their holders. (author)

Recommendations on the role of auctions in a new renewable energy directive

DEFF Research Database (Denmark)

Kitzing, Lena; Islam, Marco; Soysal, Emilie Rosenlund

During the work in the AURES project, we have found evidence that auctions can be a suitable instrument for allocating support under budget and volume limitations and can achieve significant short-term efficiency gains, but it has not been proven that auctions in general are better suited to supp...

NET system integration

International Nuclear Information System (INIS)

Farfaletti-Casali, F.; Mitchell, N.; Salpietro, E.; Buzzi, U.; Gritzmann, P.

1985-01-01

The NET system integration procedure is the process by which the requirements of the various Tokamak machine design areas are brought together to form a compatible machine layout. Each design area produces requirements which generally allow components to be built at minimum cost and operate with minimum technical risk, and the final machine assembly should be achieved with minimum departure from these optimum designs. This is carried out in NET by allowing flexibility in the maintenance and access methods to the machine internal components which must be regularly replaced by remote handling, in segmentation of these internal components and in the number of toroidal field coils

From Walras’ auctioneer to continuous time double auctions: a general dynamic theory of supply and demand

Science.gov (United States)

Donier, J.; Bouchaud, J.-P.

2016-12-01

In standard Walrasian auctions, the price of a good is defined as the point where the supply and demand curves intersect. Since both curves are generically regular, the response to small perturbations is linearly small. However, a crucial ingredient is absent of the theory, namely transactions themselves. What happens after they occur? To answer the question, we develop a dynamic theory for supply and demand based on agents with heterogeneous beliefs. When the inter-auction time is infinitely long, the Walrasian mechanism is recovered. When transactions are allowed to happen in continuous time, a peculiar property emerges: close to the price, supply and demand vanish quadratically, which we empirically confirm on the Bitcoin. This explains why price impact in financial markets is universally observed to behave as the square root of the excess volume. The consequences are important, as they imply that the very fact of clearing the market makes prices hypersensitive to small fluctuations.

Retailers and consumers in sequential auctions of collectibles

DEFF Research Database (Denmark)

Vincent Lyk-Jensen, Stéphanie; Chanel, Olivier

2007-01-01

We analyse an independent private-value model, where heterogeneous bidders compete for objects sold in sequential second-price auctions. In this heterogeneous game, bidders may have differently distributed valuations, and some have multi-unit demand with decreasing marginal values (retailers......); others have a specific single-unit demand (consumers). By examining equilibrium bidding strategies and price sequences, we show that the presence of consumers leads to more aggressive bidding from the retailers on average and heterogeneous bidders is a plausible explanation of the price decline effect....... The study of the expected revenue of the seller confirms the interest of auctioneers in inviting different types of bidders...

Market power in cap-and-trade auctions: A Monte Carlo approach

International Nuclear Information System (INIS)

Dormady, Noah C.

2013-01-01

Recent greenhouse gas auctions have resulted in base level prices while remaining significantly concentrated. How do dominant firms receive such a large share of emissions allowances without bidding up the market price? This paper provides a Monte Carlo simulation analysis based on a contemporary regional greenhouse gas market in the United States. It introduces a C# simulation software environment, Oligopsony 1.0 that simulates uniform-price emissions auctions in repeated iterations. The results of these simulations indicate that there can be significant non-linearities between profit and market power as exercised through strategic demand reduction. This analysis finds the optimum point of strategic demand reduction that enables firms to exploit these non-linearities. The use of auctions to distribute tradeable pollution rights to firms in heavily concentrated markets can have significant unintended consequences, as it can exacerbate the problems of market power that exist within those markets. -- Highlights: •The theory of market power behavior in emissions auctions is furthered. •Monte Carlo simulation environment Oligopsony 1.0 is introduced. •Simulations provide analysis of optimum bids to exercise market power. •Significant non-linearities exist between profit and the exercise of market power

Mechanism design of reverse auction on concession period and generalized quality for PPP projects

Institute of Scientific and Technical Information of China (English)

Xianjia WANG; Shiwei WU

2017-01-01

Reverse auctions of PPP projects usually require the bid to specify several characteristics of quality and the concession period to be fulfilled.This paper sets up a summary function of generalized quality,which contributes to reducing the dimensions of information.Thus,the multidimensional reverse auction model of a PPP project can be replaced by a two-dimensional direct mechanism based on the concession period and the generalized quality.Based on the theory of the revelation principle,the feasibility conditions,equilibrium solution and generalized quality requirements of such a mechanism,considering the influence of a variable investment structure are described.Moreover,two feasible multidimensional reverse auctions for implementing such a direct mechanism:Adjusting the scoring function and establishing a special reverse auction rule are built.The analysis shows that in these types of reverse auctions,optimal allocation can be achieved,the social benefit under the incomplete information will be maximized,and the private sector with the highest integrated management level wins the bid.In such a direct mechanism,the investment and financial pressure of the public sector can be reduced.

The institutionalization of treasury note and bond auctions, 1970-75

OpenAIRE

Kenneth D. Garbade

2004-01-01

The substitution of auctions for fixed-price offerings was expected to lower the U.S. Treasury's cost of financing the federal debt. Despite this and other potential benefits, the Treasury failed in both 1935 and 1963 in its attempts to introduce regular auction sales of coupon-bearing securities. This article examines the Treasury's third and successful attempt between 1970 and 1975. The author identifies three likely reasons why the Treasury succeeded in the early 1970s: it closely imitated...

Non-existence of Equilibria in Simultaneous Auctions with a Common Budget-Constraint

DEFF Research Database (Denmark)

Ghosh, Gagan

2015-01-01

I analyze an auction environment where two units of an object are sold at two simultaneous, sealed-bid, first-price auctions to bidders who have a one-dimensional type space, where a type represents the value a bidder places on each of the two units. All bidders have an identical budget constrain...

Improving Fraudster Detection in Online Auctions by Using Neighbor-Driven Attributes

Directory of Open Access Journals (Sweden)

Jun-Lin Lin

2015-12-01

Full Text Available Online auction websites use a simple reputation system to help their users to evaluate the trustworthiness of sellers and buyers. However, to improve their reputation in the reputation system, fraudulent users can easily deceive the reputation system by creating fake transactions. This inflated-reputation fraud poses a major problem for online auction websites because it can lead legitimate users into scams. Numerous approaches have been proposed in the literature to address this problem, most of which involve using social network analysis (SNA to derive critical features (e.g., k-core, center weight, and neighbor diversity for distinguishing fraudsters from legitimate users. This paper discusses the limitations of these SNA features and proposes a class of SNA features referred to as neighbor-driven attributes (NDAs. The NDAs of users are calculated from the features of their neighbors. Because fraudsters require collusive neighbors to provide them with positive ratings in the reputation system, using NDAs can be helpful for detecting fraudsters. Although the idea of NDAs is not entirely new, experimental results on a real-world dataset showed that using NDAs improves classification accuracy compared with state-of-the-art methods that use the k-core, center weight, and neighbor diversity.

Multiparty Quantum English Auction Scheme Using Single Photons as Message Carrier

Science.gov (United States)

Liu, Ge; Zhang, Jian-Zhong; Xie, Shu-Cui

2018-03-01

In this paper, a secure and economic multiparty english auction protocol using the single photons as message carrier of bids is proposed. In order to achieve unconditional security, fairness, undeniability and so on, we adopt the decoy photon checking technique and quantum encryption algorithm. Analysis result shows that our protocol satisfies all the characteristics of traditional english auction, meanwhile, it can resist malicious attacks.

A simplified multiattribute procurement auction with postponed scoring by a double revelation mechanism

DEFF Research Database (Denmark)

Hougaard, Jens Leth; Nielsen, Kurt

of linear scoring functions, consistent with the principal’s choice given linear preferences. The resulting scoring functions are used to score the original bids. While the highest score wins the second highest score settle the compensation. If the auction results in more than one highest scoring bid......, the Principal ends the auction by selecting the most preferred. The auction provides almost ideal incentives for bidders to reveal prices less than or equal to true cost. In general bidding below true cost involves a risk of getting a oss, nevertheless it may also both increase the chance of winning and result...

Second best efficiency and the English auction

Czech Academy of Sciences Publication Activity Database

Hernando-Veciana, Á.; Michelucci, Fabio

2011-01-01

Roč. 73, č. 2 (2011), s. 496-506 ISSN 0899-8256 Institutional research plan: CEZ:AV0Z70850503 Keywords : auctions * efficiency * mechanism design Subject RIV: AH - Economics Impact factor: 0.829, year: 2011

Privacy-Enhancing Auctions Using Rational Cryptography

DEFF Research Database (Denmark)

Miltersen, Peter Bro; Nielsen, Jesper Buus; Triandopoulos, Nikolaos

2009-01-01

show how to use rational cryptography to approximately implement any given ex interim individually strictly rational equilibrium of such an auction without a trusted mediator through a cryptographic protocol that uses only point-to-point authenticated channels between the players. By “ex interim...

The Pollution Effect: Optimizing Keyword Auctions by Favoring Relevant Advertising

OpenAIRE

Linden, Greg; Meek, Christopher; Chickering, Max

2011-01-01

Most search engines sell slots to place advertisements on the search results page through keyword auctions. Advertisers offer bids for how much they are willing to pay when someone enters a search query, sees the search results, and then clicks on one of their ads. Search engines typically order the advertisements for a query by a combination of the bids and expected clickthrough rates for each advertisement. In this paper, we extend a model of Yahoo's and Google's advertising auctions to inc...

Application of Coloured Petri Nets in System Development

DEFF Research Database (Denmark)

Kristensen, Lars Michael; Jørgensen, Jens Bæk; Jensen, Kurt

2004-01-01

Coloured Petri Nets (CP-nets or CPNs) and their supporting computer tools have been used in a wide range of application areas such as communication protocols, software designs, and embedded systems. The practical application of CP-nets has also covered many phases of system development ranging fr...

Combinatorial Auctions without Money

Science.gov (United States)

2014-05-01

istence of thresholds (a.k.a., critical prices) (for every set). The result in Theorem 3.4 relates to the characterization of truthful CAs with money and no...with money and no verification, each bidder optimizes her valu- ation minus the critical price over all her demanded sets; in the setting without money...auctions. ICALP, pp. 90-101, 2010. [2] P. Briest, P. Krysta, and B. Vöcking. Approximation techniques for utilitarian mechanism design. STOC, pp. 39-48

A False-name-Proof Double Auction Protocol for Arbitrary Evaluation Values

Science.gov (United States)

Sakurai, Yuko; Yokoo, Makoto

We develop a new false-name-proof double auction protocol called the Generalized Threshold Price Double auction (GTPD) protocol. False-name-proofness generalizes strategy-proofness by incorporating the possibility of false-name bids, e.g., bids submitted using multiple e-mail addresses. An existing protocol called TPD protocol is false-name-proof but can handle only the cases where marginal utilities of each agent always decrease, while our new GTPD protocol can handle arbitrary evaluation values. When marginal utilities can increase, some bids cannot be divided into a single unit (e.g., an all-or-nothing bid). Due to the existence of such indivisible bids, meeting supply/demand becomes difficult. Furthermore, a seller/buyer can submit a false-name-bid by pretending to be a potential buyer/seller to manipulate allocations and payments. In the GTPD protocol, the auctioneer is required to absorb the supply-demand imbalance up to a given upper-bound. Also, the GTPD incorporate a new false-name-proof one-sided auction protocol that is guaranteed to sell/buy a certain number of units. Simulation results show that when the threshold price is set appropriately, this protocol can obtain a good social surplus, and the number of absorbed units is much smaller than the given upper-bound.

Comparison of auctions and alternative policy options for RES-E support

DEFF Research Database (Denmark)

Kitzing, Lena; Islam, Marco; Fitch-Roy, Oscar

2016-01-01

benefits of RES, there may be valid reasons for policy makers not to employ auctions, since under particular circumstances it may be desirable not to control quantities but the price. As such, they raise the question whether pure support cost minimisation should be the only goal when implementing......This report concludes the work carried out in the course of Task 6.2 of the AURES project. It is its aim to compare auctions with alternative policy instruments and in particular, to examine under which circumstances auctions may be superior and inferior to achieve intended policy targets....... For that purpose, we identify a number of potential drivers that might affect an instrument’s effectiveness, its efficiency and further success criteria. Among this list of relevant drivers, the basis for our analysis is the factor risk, where our core focus is on risk for policy makers. Assuming a world...

Show me the goods: The warranting effect of user-generated photographs in online auctions

NARCIS (Netherlands)

Johnson, B.K.; Vang, M.H.; van der Heide, B.

2015-01-01

Consumers using online auction websites face the challenge of appraising products at a distance. Sellers and buyers in online auctions navigate this challenge by displaying and evaluating various cues, a critical one being use of photographs. Warranting theory predicts that cues less subject to

27 CFR 31.63 - Agents, auctioneers, brokers, etc., acting on behalf of others.

Science.gov (United States)

2010-04-01

..., brokers, etc., acting on behalf of others. 31.63 Section 31.63 Alcohol, Tobacco Products and Firearms... Exemptions and Exceptions Persons Who Are Not Dealers in Liquors Or Beer § 31.63 Agents, auctioneers, brokers... auction on behalf of others; (b) Agents or brokers who solicit orders for liquors in the name of a...

Hiding information in open auctions with jump bids

Czech Academy of Sciences Publication Activity Database

Ettinger, D.; Michelucci, Fabio

2016-01-01

Roč. 126, č. 594 (2016), s. 1484-1502 ISSN 0013-0133 Institutional support: RVO:67985998 Keywords : hiding information * open auctions * jump bids Subject RIV: AH - Economics Impact factor: 2.608, year: 2016

A New Hybrid Algorithm to Solve Winner Determination Problem in Multiunit Double Internet Auction

Directory of Open Access Journals (Sweden)

Mourad Ykhlef

2015-01-01

Full Text Available Solving winner determination problem in multiunit double auction has become an important E-business task. The main issue in double auction is to improve the reward in order to match the ideal prices and quantity and make the best profit for sellers and buyers according to their bids and predefined quantities. There are many algorithms introduced for solving winner in multiunit double auction. Conventional algorithms can find the optimal solution but they take a long time, particularly when they are applied to large dataset. Nowadays, some evolutionary algorithms, such as particle swarm optimization and genetic algorithm, were proposed and have been applied. In order to improve the speed of evolutionary algorithms convergence, we will propose a new kind of hybrid evolutionary algorithm that combines genetic algorithm (GA with particle swarm optimization (PSO to solve winner determination problem in multiunit double auction; we will refer to this algorithm as AUC-GAPSO.

Net energy analysis of different electricity generation systems

International Nuclear Information System (INIS)

1994-07-01

This document is a report on the net energy analysis of nuclear power and other electricity generation systems. The main objectives of this document are: To provide a comprehensive review of the state of knowledge on net energy analysis of nuclear and other energy systems for electricity generation; to address traditional questions such as whether nuclear power is a net energy producer or not. In addition, the work in progress on a renewed application of the net energy analysis method to environmental issues is also discussed. It is expected that this work could contribute to the overall comparative assessment of different energy systems which is an ongoing activity at the IAEA. 167 refs, 9 figs, 5 tabs

Hiding information in open auctions with jump bids

Czech Academy of Sciences Publication Activity Database

Ettinger, D.; Michelucci, Fabio

2016-01-01

Roč. 126, č. 594 (2016), s. 1484-1502 ISSN 0013-0133 Institutional support: PRVOUK-P23 Keywords : hiding information * open auctions * jump bids Subject RIV: AH - Economics Impact factor: 2.608, year: 2016

77 FR 15369 - Mobility Fund Phase I Auction GIS Data of Potentially Eligible Census Blocks

Science.gov (United States)

2012-03-15

... GIS Data of Potentially Eligible Census Blocks AGENCY: Federal Communications Commission. ACTION... Bureaus (the ``Bureaus'') announce the availability of geographic information system (GIS) data for the...). SUPPLEMENTARY INFORMATION: This is a summary of the Mobility Fund Phase I Auction GIS Data for Potentially...

Sellers' hedging incentives at EPA's emission trading auction

International Nuclear Information System (INIS)

Dijkstra, B.R.; Haan, M

1999-01-01

Cason (1993) argued that the auction the EPA (Environmental Protection Agency in the USA) used in order to start the market for sulfur allowances, is not efficient. The set-up of the auction gives both buyers and sellers an incentive to understate their valuation of an allowance. In this paper, we show that the sellers' incentives are even more perverse than Cason suggested. In particular, we show that sellers have an incentive to set their ask price equal to zero, while simultaneously hedging their bets by submitting a positive bid. It is not possible to derive the Nash equilibrium for this set-up. If such an equilibrium exists, sellers either set only a positive ask price, or an ask price equal to zero, and a positive bid as well. 14 refs

An auction game model for pool-based electricity markets

International Nuclear Information System (INIS)

Gan, Deqiang; Wang, Jianquan; Bourcier, Donald V.

2005-01-01

A single-period auction game model for analyzing strategic behavior in pool-based electricity markets is introduced in the paper. We study the Nash equilibrium in a pure strategy sense of such games. First an equilibrium existence lemma is proved. Equilibrium characterization under tight capacity constraints is provided. Then it is demonstrated that an auction game does not possess a pure strategy Nash equilibrium under a wide range of market conditions. The paper provides a characterization of equilibrium under weak capacity constraints. We apply the introduced results to analyze market power indices presented in our earlier work and in related reports. Applications to actual market analysis, as well as limitations of the introduced model are provided. (author)

29 CFR 516.13 - Livestock auction employees exempt from overtime pay requirements under section 13(b)(13) of the...

Science.gov (United States)

2010-07-01

... 29 Labor 3 2010-07-01 2010-07-01 false Livestock auction employees exempt from overtime pay....13 Livestock auction employees exempt from overtime pay requirements under section 13(b)(13) of the... employee is employed both in agriculture and in connection with livestock auction operations: (a) The total...

System Dynamics and Feedforward Control for Tether-Net Space Robot System

Directory of Open Access Journals (Sweden)

Guang Zhai

2009-06-01

Full Text Available A new concept using flexible tether-net system to capture space debris is presented in this paper. With a mass point assumption the tether-net system dynamic model is established in orbital frame by applying Lagrange Equations. In order to investigate the net in-plane trajectories during after cast, the non-control R-bar and V-bar captures are simulated with ignoring the out-of-plane libration, the effect of in-plane libration on the trajectories of the capture net is demonstrated by simulation results. With an effort to damp the in-plane libration, the control scheme based on tether tension is investigated firstly, after that an integrated control scheme is proposed by introduced the thrusters into the system, the nonlinear close-loop dynamics is linearised by feedforward strategy, the simulation results show that feedforward controllor is effective for in-plane libration damping and enable the capture net to track an expected trajectory.

Sealed bid auctions with ambiguity: an experimental study

Czech Academy of Sciences Publication Activity Database

Chen, Y.; Katuščák, Peter; Ozdenoren, E.

-, č. 269 (2005), s. 1-75 ISSN 1211-3298 Institutional research plan: CEZ:AV0Z70850503 Keywords : sealed bid auctions * ambiguity * experiment Subject RIV: AH - Economics http://www.cerge-ei.cz/pdf/wp/Wp269.pdf

Modeling of Biometric Identification System Using the Colored Petri Nets

Science.gov (United States)

Petrosyan, G. R.; Ter-Vardanyan, L. A.; Gaboutchian, A. V.

2015-05-01

In this paper we present a model of biometric identification system transformed into Petri Nets. Petri Nets, as a graphical and mathematical tool, provide a uniform environment for modelling, formal analysis, and design of discrete event systems. The main objective of this paper is to introduce the fundamental concepts of Petri Nets to the researchers and practitioners, both from identification systems, who are involved in the work in the areas of modelling and analysis of biometric identification types of systems, as well as those who may potentially be involved in these areas. In addition, the paper introduces high-level Petri Nets, as Colored Petri Nets (CPN). In this paper the model of Colored Petri Net describes the identification process much simpler.

Mechanism Design for Multi-slot Ads Auction in Sponsored Search Markets

Science.gov (United States)

Deng, Xiaotie; Sun, Yang; Yin, Ming; Zhou, Yunhong

In this paper, we study pricing models for multi-slot advertisements, where advertisers can bid to place links to their sales webpages at one or multiple slots on a webpage, called the multi-slot AD auction problem. We develop and analyze several important mechanisms, including the VCG mechanism for multi-slot ads auction, the optimal social welfare solution, as well as two weighted GSP-like protocols (mixed and hybrid). Furthermore, we consider that forward-looking Nash equilibrium and prove its existence in the weighted GSP-like pricing protocols.

Mediators as the Walrasian Auctioneers of Exchange Theory

OpenAIRE

Dickenson, David

2003-01-01

This article opens up mediation to systematic economic analysis by considering mediators as analogous to the Walrasian auctioneers of exchange theory. By altering trade-off rates among bargaining issues, mediators facilitate a process leading towards Pareto efficient voluntary settlements.

Automatic Prompt System in the Process of Mapping plWordNet on Princeton WordNet

Directory of Open Access Journals (Sweden)

Paweł Kędzia

2015-06-01

Full Text Available Automatic Prompt System in the Process of Mapping plWordNet on Princeton WordNet The paper offers a critical evaluation of the power and usefulness of an automatic prompt system based on the extended Relaxation Labelling algorithm in the process of (manual mapping plWordNet on Princeton WordNet. To this end the results of manual mapping – that is inter-lingual relations between plWN and PWN synsets – are juxtaposed with the automatic prompts that were generated for the source language synsets to be mapped. We check the number and type of inter-lingual relations introduced on the basis of automatic prompts and the distance of the respective prompt synsets from the actual target language synsets.

Insider patent holder licensing in an oligopoly market with different cost structures: Fixed-fee, royalty, and auction

OpenAIRE

Ming-Chung Chang

2010-01-01

The issue of the optimal licensing contract in firms having different cost structures is studied when the innovator is a producing patent holder who has three alternative licensing strategies, namely, the fixed-fee, royalty rate, and auction strategies. We conclude that the auction licensing strategy is not the best strategy when the innovator is a producing patent holder. This finding differs from that of Kabiraj (2004) where the auction licensing method is the optimal licensing strategy whe...

The Role Of Product Quality Information, Market State Information And Transaction Costs In Electronic Auctions

NARCIS (Netherlands)

O.R. Koppius (Otto); H.W.G.M. van Heck (Eric)

2002-01-01

textabstractElectronic auctions have rapidly increased in popularity, but the consequences of switching to an electronic auction are unclear. In part this is because multiple changes occur at the same time so one can only observe the combined effect of these changes and not the effect of each

Three essays on corruption and auctions

OpenAIRE

PAPIOTI, Katerina Chara

2014-01-01

Defence date: 1 December 2014 Examining Board: Professor Massimo Morelli, Bocconi University, Supervisor; Professor Andrea Mattozzi, EUI; Professor Marco Celentani, Universidad Carlos III; Professor Matthias Dahm, University of Nottingham. This thesis contributes to the understanding of corruption and auctions. It consists of three chapters focusing on diverse aspects of these two general topics as well as their combinations, from an applied microeconomic theory perspective: (i) the eff...

Balloon popping with applications to ascending auctions

NARCIS (Netherlands)

N.S. Immorlica (Nicole Simone); A. Karlin; M. Mahdian (Mohammad); K. Talwar; A. Sinclair

2007-01-01

textabstractWe study the power of ascending auctions in a scenario in which a seller is selling a collection of identical items to anonymous unit-demand bidders. We show that even with full knowledge of the set of bidders' private valuations for the items, if the bidders are ex-ante identical, no

Price effects of sovereign debt auctions in the Euro-zone: the role of the crisis

NARCIS (Netherlands)

Beetsma, R.; de Jong, F.; Giuliodori, M.; Widijanto, D.

2013-01-01

Exploring the period since the inception of the euro, we show that secondary-market yields on Italian public debt increase in anticipation of auctions of new issues and decrease after the auction, while no or a smaller such effect is present for German public debt. However, these yield movements on

Sealed bid auctions with ambiguity: theory and experiments

Czech Academy of Sciences Publication Activity Database

Chen, Y.; Katuščák, Peter; Ozdenoren, E.

2007-01-01

Roč. 136, č. 1 (2007), s. 513-535 ISSN 0022-0531 R&D Projects: GA MŠk LC542 Institutional research plan: CEZ:MSM0021620846 Keywords : sealed bid auctions * ambiguity * experiment Subject RIV: AH - Economics Impact factor: 1.353, year: 2007

Double-sided auction mechanism design in electricity based on maximizing social welfare

International Nuclear Information System (INIS)

Zou Xiaoyan

2009-01-01

An efficient electricity double-sided auction mechanism should control market power and enhance the social welfare of the electricity market. Based on this goal, the paper designs a new double-sided auction mechanism. In the new mechanism, the social welfare contribution of each participant plays a pivotal role, because this contribution is the critical factor in market clearing, payment settling, and transaction matching rules. In particular, each winner of the auction can gain transfer payments according to his contribution to social welfare in the electricity market, and this gives the mechanism the ability to control the market power of some participants. At the same time, this mechanism ensures that the market organizer balances his budget. We then conduct a theoretical and empirical analysis based on the Spanish electricity market. Both of the results show that compared to the uniform-pricing mechanism, the new mechanism can reduce market power of participants and enhance the social welfare of the electricity market.

Understanding Financial Market States Using an Artificial Double Auction Market.

Science.gov (United States)

Yim, Kyubin; Oh, Gabjin; Kim, Seunghwan

2016-01-01

The ultimate value of theories describing the fundamental mechanisms behind asset prices in financial systems is reflected in the capacity of such theories to understand these systems. Although the models that explain the various states of financial markets offer substantial evidence from the fields of finance, mathematics, and even physics, previous theories that attempt to address the complexities of financial markets in full have been inadequate. We propose an artificial double auction market as an agent-based model to study the origin of complex states in financial markets by characterizing important parameters with an investment strategy that can cover the dynamics of the financial market. The investment strategies of chartist traders in response to new market information should reduce market stability based on the price fluctuations of risky assets. However, fundamentalist traders strategically submit orders based on fundamental value and, thereby stabilize the market. We construct a continuous double auction market and find that the market is controlled by the proportion of chartists, Pc. We show that mimicking the real state of financial markets, which emerges in real financial systems, is given within the range Pc = 0.40 to Pc = 0.85; however, we show that mimicking the efficient market hypothesis state can be generated with values less than Pc = 0.40. In particular, we observe that mimicking a market collapse state is created with values greater than Pc = 0.85, at which point a liquidity shortage occurs, and the phase transition behavior is described at Pc = 0.85.

Understanding Financial Market States Using an Artificial Double Auction Market.

Directory of Open Access Journals (Sweden)

Kyubin Yim

Full Text Available The ultimate value of theories describing the fundamental mechanisms behind asset prices in financial systems is reflected in the capacity of such theories to understand these systems. Although the models that explain the various states of financial markets offer substantial evidence from the fields of finance, mathematics, and even physics, previous theories that attempt to address the complexities of financial markets in full have been inadequate. We propose an artificial double auction market as an agent-based model to study the origin of complex states in financial markets by characterizing important parameters with an investment strategy that can cover the dynamics of the financial market. The investment strategies of chartist traders in response to new market information should reduce market stability based on the price fluctuations of risky assets. However, fundamentalist traders strategically submit orders based on fundamental value and, thereby stabilize the market. We construct a continuous double auction market and find that the market is controlled by the proportion of chartists, Pc. We show that mimicking the real state of financial markets, which emerges in real financial systems, is given within the range Pc = 0.40 to Pc = 0.85; however, we show that mimicking the efficient market hypothesis state can be generated with values less than Pc = 0.40. In particular, we observe that mimicking a market collapse state is created with values greater than Pc = 0.85, at which point a liquidity shortage occurs, and the phase transition behavior is described at Pc = 0.85.

Online Reverse Auctions: A Pricing Tool for Government Contracting

National Research Council Canada - National Science Library

Roll, Bruce

2000-01-01

Reverse Auctions (RA) are the next gene ration of procurement application software designed to link acquisition reform and common DoD procurement business processes with commercial best practices and advances in electronic commerce...

78 FR 65982 - Auction of H Block Licenses in the 1915-1920 MHz and 1995-2000 MHz Bands Rescheduled for January...

Science.gov (United States)

2013-11-04

... Filing Requirements, Reserve Price, Minimum Opening Bids, Upfront Payments, and Other Procedures for... procedures, reserve price, and minimum opening bids for the upcoming auction of H Block licenses (Auction 96... applicants with the procedures and other requirements for participation in the auction. [[Page 65983

Bounded Rationality at Large: Technological Standards in Airwaves Auctions

NARCIS (Netherlands)

Bruggeman, J.P.; Visser, Hendrik Jan; Visser, H.J.; van Rossum, Wouter

2003-01-01

In industries characterized by several technological standards, each with positive network externalities, competition is different from industries with technologically "loosely coupled" organizations. We therefore expected that in airwaves auctions for mobile telephony in the U.S., network

Long-term contract auctions and market power in regulated power industries

International Nuclear Information System (INIS)

Soledad Arellano, M.; Serra, Pablo

2010-01-01

A number of countries with oligopolistic power industries have used marginal cost pricing to set the price of energy for small customers. This course of action, however, does not necessarily ensure an efficient outcome when competition is imperfect. The purpose of this paper is to study how the auction of long-term contracts could reduce market power. We do so in a two-firm, two-technology, linear-cost, static model where demand is summarized by a price inelastic load curve. In this context we show that the larger the proportion of total demand auctioned in advance, the lower are both the contract and the average spot price of energy.

Tendances Carbone no. 73 'Reforming the EU ETS, Act I: pushing back the allowance auction timetable'

International Nuclear Information System (INIS)

Alberola, Emilie

2012-01-01

Among the publications of CDC Climat Research, 'Tendances Carbone' bulletin specifically studies the developments of the European market for CO 2 allowances. This issue addresses the following points: On July 25 2012, the European Commission presented its first reform to re-calibrate the supply of allowances in EU ETS, via two proposals aimed at amending the ETS Directive and reviewing the auction regulations, in order to alter the auctioning timetable during the period between 2013 and 2020, with no legal risk. The aim is to withdraw a certain amount of the allowances auctioned in 2013, 2014 and 2015, in order to reintroduce that amount after 2018

Efficient and secure comparison for on-line auctions

NARCIS (Netherlands)

Damgard, Ivan; Geisler, M.; Kroigaard, M.; Pieprzyk, J.; Ghodosi, H.; Dawson, E.

2007-01-01

We propose a protocol for secure comparison of integers based on homomorphic encryption. We also propose a homomorphic encryption scheme that can be used in our protocol and makes it more efficient than previous solutions. Our protocol is well-suited for application in on-line auctions, both with

Sealed-Bid Auction of Dutch Mussels : Statistical Analysis

NARCIS (Netherlands)

Kleijnen, J.P.C.; van Schaik, F.D.J.

2007-01-01

This article presents an econometric analysis of the many data on the sealed-bid auction that sells mussels in Yerseke town, the Netherlands. The goals of this analy- sis are obtaining insight into the important factors that determine the price of these mussels, and quantifying the performance of an

Sealed-bid auction of Netherlands mussels: statistical analysis

NARCIS (Netherlands)

Kleijnen, J.P.C.; van Schaik, F.D.J.

2011-01-01

This article presents an econometric analysis of the many data on the sealed-bid auction that sells mussels in Yerseke town, the Netherlands. The goals of this analysis are obtaining insight into the important factors that determine the price of these mussels, and quantifying the performance of an

Hipster Racism and Sexism in Charity Date Auctions: Individualism, Privilege Blindness and Irony in the Academy

Science.gov (United States)

Current, Cheris Brewer; Tillotson, Emily

2018-01-01

This paper follows one small, Christian university's five-year experience with student charity date auctions. The contemporary re-emergence of date auctions represents a backlash against gender and racial progress. Student leaders believe that in a post-racial and post-sexist society, race and gender are decontextualised neutral elements of…

Statistical mechanics of budget-constrained auctions

OpenAIRE

Altarelli, F.; Braunstein, A.; Realpe-Gomez, J.; Zecchina, R.

2009-01-01

Finding the optimal assignment in budget-constrained auctions is a combinatorial optimization problem with many important applications, a notable example being the sale of advertisement space by search engines (in this context the problem is often referred to as the off-line AdWords problem). Based on the cavity method of statistical mechanics, we introduce a message passing algorithm that is capable of solving efficiently random instances of the problem extracted from a natural distribution,...

A lesson from Argentina: Setting transmission tolls in a competitive auction is much better than regulating them

Energy Technology Data Exchange (ETDEWEB)

Galetovic, Alexander [Facultad de Ciencias Economicas y Empresariales, Av. San Carlos de Apoquindo 2200, Santiago (Chile); Inostroza, Juan Ricardo [AES Gener S.A., Sanchez Fontecilla 310, piso 3, Santiago (Chile)

2008-07-15

There are at least two procedures for setting the tolls paid by power line users. One consists of regulating them in a standard process. The other, which is used in Argentina, involves auctioning the lines to the lowest toll. In this paper we show that an auction yields higher expected social welfare if n {>=} 2 bid. Expected social welfare is even higher if, as in Argentina, those who benefit from the line can also bid and build. Moreover, when the social welfare is utilitarian, an auction beats regulation even when the regulator can perfectly audit costs ex post. We describe and examine the auction of the fourth Comahue transmission line in Argentina. Assuming that the regulator's information about costs is similar to the information held by the industry, the model suggests that had tolls been regulated, they would have been at least 61% higher. (author)

Improving the secrecy rate by turning foes to allies: An auction scheme

Science.gov (United States)

Ma, Ya-Yan; Wang, Bao-Yun

2015-09-01

Security against eavesdroppers is a critical issue in cognitive radio networks (CRNs). In this paper, a scenario consisting of one primary pair and multiple secondary pairs is considered. The secondary transmitters (STs) work in half-duplex mode and they are potential eavesdroppers on the primary transmission unless they are allowed to simultaneously transmit with the primary transmitter (PT). A modified second-price sealed-bid auction scheme is employed to model the interaction between the PT and STs. With the proposed auction scheme, the hostile relationship between the PT and STs is transformed into a cooperative relationship. An iterative algorithm based on the max-min criteria is proposed to find the optimal bidding power of the STs for an access chance in the presence of multiple eavesdroppers. Numerical results show that the proposed auction scheme not only improves the PT’s security but also increases the access opportunities of the STs. Project supported by the National Natural Science Foundation of China (Grant Nos. 61271232 and 61372126) and the University Postgraduate Research and Innovation Project in Jiangsu Province, China (Grant No. CXZZ12-0472).

Multi-attribute Reverse Auction Design Based on Fuzzy Data Envelopment Analysis Approach

Directory of Open Access Journals (Sweden)

Deyan Chen

2017-08-01

Full Text Available Multi-attribute reverse auction is widely used for the procurements of enterprises or governments. To overcome the difficulty of identifying bidding attribute weight and score function of the buyer, the multi-round auction and bidding models with multiple winners are established based on fuzzy data envelopment analysis. The winner determination model of the buyer considers the integrated input-output efficiency of k winners. The bidding strategy of seller is divided into two parts: the first one estimates the weight of the ideal supplier that is thought to be the buyer’s preference; the second one is to calculate the weight of the test supplier which reflects the change trend of current weights and the seller’s weakness. The final predicted weight is the weighted sum of both. On the basis of known weight, the test supplier can improve his efficiency to increase the winning chance in the next round auction. Our models comprise crisp numbers and fuzzy numbers. Finally, a numerical example verifies the validity of the proposed models.

Lessons from the Electricity Auctions in Brazil

International Nuclear Information System (INIS)

Dutra, Joisa; Menezes, Flavio

2005-01-01

The first lesson to emerge from the recent auctions falls within a category that might be described as 'higher costs of reforms in developing economies.' These range from bidders' fears of future government-imposed price caps to technical issues, such as the potential loss of efficiency resulting from bidders' lack of knowledge about ceiling prices, reference supply, and the demand reduction mechanism

Innovations in Defense Acquisition Auctions: Lessons Learned and Alternative Mechanism Designs

National Research Council Canada - National Science Library

Coughlan, Peter; Gates, William; Lamping, Jennifer

2008-01-01

.... In general, reverse auctions have been limited to procurement actions involving relatively standard price-driven commercial products-products typically purchased through traditional competitive markets...

Electronic Reverse Auctions: Integrating an E-Sourcing Tool into a Sales and Purchasing Cross-Course Negotiation Project

Science.gov (United States)

Williams, Jacqueline A.; Dobie, Kathryn

2011-01-01

Electronic reverse auctions are increasingly being used by firms to improve firm financial and operational performance. The described teaching innovation serves as a model for introducing electronic reverse auctions as a central element in a comprehensive negotiation exercise involving sales management and purchasing management students. Results…

76 FR 76174 - Request for Information on the State of the Offshore Renewable Energy Industry-Auction Format...

Science.gov (United States)

2011-12-06

... ``Multiple Factor Auctions,'' in which non- financial considerations are taken into account at the outset. If... tends to award leases to developers with good financial backing. Because the winning bidders would need... variations of the package auction format merit consideration for leasing packages of lots for offshore...

Modeling generation expansion in the context of a security of supply mechanism based on long-term auctions. Application to the Colombian case

International Nuclear Information System (INIS)

Rodilla, P.; Batlle, C.; Salazar, J.; Sanchez, J.J.

2011-01-01

In an attempt to provide electricity generation investors with appropriate economic incentives so as to maintain quality of supply at socially optimal levels, a growing number of electricity market regulators have opted for implementing a security of supply mechanism based on long-term auctions. In this context, the ability to analyze long-term investment dynamics is a key issue not only for market agents, but also for regulators. This paper describes a model developed to serve this purpose. A general system-dynamics-inspired methodology has been designed to be able to simulate these long-term auction mechanisms in the formats presently in place. A full-scale simulation based on the Colombian system was conducted to illustrate model capabilities. (author)

Modeling generation expansion in the context of a security of supply mechanism based on long-term auctions. Application to the Colombian case

Energy Technology Data Exchange (ETDEWEB)

Rodilla, P.; Batlle, C. [Institute for Research in Technology, University Pontificia Comillas, Sta. Cruz de Marcenado 26, 28015 Madrid (Spain); Salazar, J. [Empresas Publicas de Medellin, Carrera 58 No. 42-125 Edificio Inteligente, Medellin (Colombia); Sanchez, J.J. [Secretaria de Estado de Cambio Climatico, Ministerio de Medio Ambiente, Rural y Marino. Plaza San Juan de la Cruz, 28071 Madrid (Spain)

2011-01-15

In an attempt to provide electricity generation investors with appropriate economic incentives so as to maintain quality of supply at socially optimal levels, a growing number of electricity market regulators have opted for implementing a security of supply mechanism based on long-term auctions. In this context, the ability to analyze long-term investment dynamics is a key issue not only for market agents, but also for regulators. This paper describes a model developed to serve this purpose. A general system-dynamics-inspired methodology has been designed to be able to simulate these long-term auction mechanisms in the formats presently in place. A full-scale simulation based on the Colombian system was conducted to illustrate model capabilities. (author)

Report on the behalf of the Foreign Affairs Commission on: the bill adopted by the Senate and authorizing the ratification of the joint procurement agreement for a designation by auction of common bid platforms, and the bill adopted by the Senate authorizing the ratification of the joint procurement agreement for a designation by auction of an auction control. Nr 4092 and Nr 4093

International Nuclear Information System (INIS)

Guillet, Jean-Jacques

2011-01-01

This report presents the carbon quota system as an alternative to a system based on carbon taxing. It discusses the dismissal of carbon taxing and the implementation of a system based on quotas. It outlines how useful but fragile this system is, describes the three allocation stages, and presents the auction system. Then, it discusses the objectives of both agreements, comments the case of States which do not participate to the common platform

Security analysis with improved design of post-confirmation mechanism for quantum sealed-bid auction with single photons

Science.gov (United States)

Zhang, Ke-Jia; Kwek, Leong-Chuan; Ma, Chun-Guang; Zhang, Long; Sun, Hong-Wei

2018-02-01

Quantum sealed-bid auction (QSA) has been widely studied in quantum cryptography. For a successful auction, post-confirmation is regarded as an important mechanism to make every bidder verify the identity of the winner after the auctioneer has announced the result. However, since the auctioneer may be dishonest and collude with malicious bidders in practice, some potential loopholes could exist. In this paper, we point out two types of collusion attacks for a particular post-confirmation technique with EPR pairs. And it is not difficult to see that there exists no unconditionally secure post-confirmation mechanism in the existing QSA model, if the dishonest participants have the ability to control multiparticle entanglement. In the view of this, we note that some secure implementation could exist if the participants are supposed to be semi-quantum, i.e., they can only control single photons. Finally, two potential methods to design post-confirmation mechanism are presented in this restricted scenario.

Set-Asides and Subsidies in Auctions

OpenAIRE

Susan Athey; Dominic Coey; Jonathan Levin

2011-01-01

Set-asides and subsidies are used extensively in government procurement and natural resource sales. We analyze these policies in an empirical model of U.S. Forest Service timber auctions. The model fits the data well both within the sample of unrestricted sales where we estimate the model, and when we predict (out of sample) bidder entry and prices for small business set-asides. Our estimates suggest that restricting entry to small businesses substantially reduces efficiency and revenue, alth...

M&E-NetPay: A Micropayment System for Mobile and Electronic Commerce

Directory of Open Access Journals (Sweden)

Xiaodi Huang

2016-08-01

Full Text Available As an increasing number of people purchase goods and services online, micropayment systems are becoming particularly important for mobile and electronic commerce. We have designed and developed such a system called M&E-NetPay (Mobile and Electronic NetPay. With open interoperability and mobility, M&E-NetPay uses web services to connect brokers and vendors, providing secure, flexible and reliable credit services over the Internet. In particular, M&E-NetPay makes use of a secure, inexpensive and debit-based off-line protocol that allows vendors to interact only with customers, after validating coins. The design of the architecture and protocol of M&E-NetPay are presented, together with the implementation of its prototype in ringtone and wallpaper sites. To validate our system, we have conducted its evaluations on performance, usability and heuristics. Furthermore, we compare our system to the CORBA-based (Common Object Request Broker Architecture off-line micro-payment systems. The results have demonstrated that M&E-NetPay outperforms the .NET-based M&E-NetPay system in terms of performance and user satisfaction.

Design of sustainable food chains: Measuring consumers' willingness-to-pay through the performance of experimental auctions

DEFF Research Database (Denmark)

Costa, Ana I.A.

Today's EU animal production systems face a major challenge. On one hand, they must deal with society's demand for production strategies that are safer, more environmental-friendly and ensure better animal welfare. On the other hand, they have to address food suppliers' aspirations for economic....... Moreover, the ability to quantify consumers' willingness-to-pay for new, ethically-improved foods is vital for the economic sustainability of the animal production sector, as well as for the generation of addedvalue products. This abstract presents the outcome of a pilot study of Dutch consumers...... conducted previously3,4. The type of auction employed was the second-price, sealed bid auction. The results obtained give some indication that Dutch consumers' might be willing to pay more for ethical benefits, namely those perceived to be associated with safety. Nevertheless, our findings also indicate...

Lower costs as a result of auctioning of emission rights

International Nuclear Information System (INIS)

De Bruyn, S.; Davidson, M.; Korteland, M.

2008-01-01

According to economic theory auctioning of emission allowances is not more efficient than free allocation. Free allocation of emission allowances in Europe involves product subsidy, thus removing the incentive for emission reduction. [mk] [nl

Comparisons of auction mechanisms in a multiple unit setting: A consideration for restructuring electric power markets

Science.gov (United States)

Bernard, John Charles

The objective of this study was to compare the performance of five single sided auctions that could be used in restructured electric power markets across different market sizes in a multiple unit setting. Auction selection would profoundly influence an industry over $200 billion in size in the United States, and the consequences of implementing an inappropriate mechanism would be great. Experimental methods were selected to analyze the auctions. Two rounds of experiments were conducted, the first testing the sealed offer last accepted offer (LAO) and first rejected offer (FRO), and the clock English (ENG) and sealed offer English (SOE) in markets of sizes two and six. The FRO, SOE, and ENG used the same pricing rule. Second round testing was on the LAO, FRO, and the nonuniform price multiple unit Vickrey (MUV) in markets of sizes two, four, and six. Experiments lasted 23 and 75 periods for rounds 1 and 2 respectively. Analysis of variance and contrast analysis were used to examine the data. The four performance measures used were price, efficiency, profits per unit, and supply revelation. Five basic principles were also assessed: no sales at losses, all low cost capacity should be offered and sold, no high cost capacity should sell, and the market should clear. It was expected group size and auction type would affect performance. For all performance measures, group size was a significant variable, with smaller groups showing poorer performance. Auction type was significant only for the efficiency performance measure, where clock auctions outperformed the others. Clock auctions also proved superior for the first four principles. The FRO performed poorly in almost all situations, and should not be a preferred mechanism in any market. The ENG was highly efficient, but expensive for the buyer. The SOE appeared superior to the FRO and ENG. The clock improves efficiency over the FRO while less information kept prices under the ENG. The MUV was superior in revealing costs

75 FR 56533 - Wireless Telecommunications Bureau Postpones Auction of 218-219 MHz Service and Phase II 220 MHz...

Science.gov (United States)

2010-09-16

... FEDERAL COMMUNICATIONS COMMISSION [AU Docket No. 10-107; DA 10-1630] Wireless Telecommunications... Auction 89. FOR FURTHER INFORMATION CONTACT: Wireless Telecommunications Bureau, Auctions and Spectrum... by the Chief, Wireless Telecommunications Bureau pursuant to authority delegated by 47 CFR 0.131...

Analysis on trust influencing factors and trust model from multiple perspectives of online Auction

Science.gov (United States)

Yu, Wang

2017-10-01

Current reputation models lack the research on online auction trading completely so they cannot entirely reflect the reputation status of users and may cause problems on operability. To evaluate the user trust in online auction correctly, a trust computing model based on multiple influencing factors is established. It aims at overcoming the efficiency of current trust computing methods and the limitations of traditional theoretical trust models. The improved model comprehensively considers the trust degree evaluation factors of three types of participants according to different participation modes of online auctioneers, to improve the accuracy, effectiveness and robustness of the trust degree. The experiments test the efficiency and the performance of our model under different scale of malicious user, under environment like eBay and Sporas model. The experimental results analysis show the model proposed in this paper makes up the deficiency of existing model and it also has better feasibility.

Application of auctions as a pricing mechanism for the interchange of electric power

International Nuclear Information System (INIS)

Post, D.L.; Coppinger, S.S.; Sheble, G.B.

1995-01-01

The expected move to a market-based electric power industry will significantly change electric utility operations. These changes will fundamentally alter the pricing of electric power. How this pricing will be accomplished is a key issue. Traditionally, embedded cost based methods have been used. Recently, spot-pricing has received attention as a possible approach in a market-based electric power environment. Another market-based approach is the use of auctions. This paper will present the application of a sequential sealed-bid and sealed-offer auction to the pricing of electric power by using linear programming

Internet application: production-technical information system MoNET

International Nuclear Information System (INIS)

Tomiga, J.

2004-01-01

MoNET is the production-technical information system supporting engineering, operational and maintenance processes of distribution network administrator. It utilizes the model of distribution network that is situated in the geo-space relational database. The geo-space database represents an information base of operational-technical processes. It contains elements and equipment s of the distribution network, failures, operational events, maintenance records, but also, parcels, reference planimetry, e.g. and other subjects for which is relevant the positional datum - geo-space information. MoNET is typically exploited in the fields: - evidence of the subjects and equipment of network, technical documentation; - property administration; - planning of network development, support of designing and construction; - technical calculation; - breakdown controller centre; - maintenance management. MoNET can be implemented as the desktop application, however its first benefit is derived from its usage as the intranet application MoNET WEB for the whole enterprise or organisation. This version enables an unrestricted number of end-users to enter this system. The end-users don't need any special software to enter the data of MoNet WEB application, the pre-installed Internet Explorer will do. (author)

Bidding behaviour in multi-unit auctions – an experimental investigation

Czech Academy of Sciences Publication Activity Database

Engelmann, Dirk; Grimm, V.

2009-01-01

Roč. 119, č. 537 (2009), s. 855-882 ISSN 0013-0133 Institutional research plan: CEZ:AV0Z70850503 Keywords : multi-unit auctions * bidding behavior * laboratory experiments Subject RIV: AH - Economics Impact factor: 1.902, year: 2009

Reputation mechanism: From resolution for truthful online auctions to the model of optimal one-gambler problem

Energy Technology Data Exchange (ETDEWEB)

Bradonjic, Milan [Los Alamos National Laboratory

2009-01-01

In this paper we study reputation mechanisms, and show how the notion of reputation can help us in building truthful online auction mechanisms. From the mechanism design prospective, we derive the conditions on and design a truthful online auction mechanism. Moreover, in the case when some agents may lay or cannot have the real knowledge about the other agents reputations, we derive the resolution of the auction, such that the mechanism is truthful. Consequently, we move forward to the optimal one-gambler/one-seller problem, and explain how that problem is refinement of the previously discussed online auction design in the presence of reputation mechanism. In the setting of the optimal one-gambler problem, we naturally rise and solve the specific question: What is an agent's optimal strategy, in order to maximize his revenue? We would like to stress that our analysis goes beyond the scope, which game theory usually discusses under the notion of reputation. We model one-player games, by introducing a new parameter (reputation), which helps us in predicting the agent's behavior, in real-world situations, such as, behavior of a gambler, real-estate dealer, etc.

Fault Diagnosis System of Wind Turbine Generator Based on Petri Net

Science.gov (United States)

Zhang, Han

Petri net is an important tool for discrete event dynamic systems modeling and analysis. And it has great ability to handle concurrent phenomena and non-deterministic phenomena. Currently Petri nets used in wind turbine fault diagnosis have not participated in the actual system. This article will combine the existing fuzzy Petri net algorithms; build wind turbine control system simulation based on Siemens S7-1200 PLC, while making matlab gui interface for migration of the system to different platforms.

Efficient Nash Equilibrium Resource Allocation Based on Game Theory Mechanism in Cloud Computing by Using Auction.

Science.gov (United States)

Nezarat, Amin; Dastghaibifard, G H

2015-01-01

One of the most complex issues in the cloud computing environment is the problem of resource allocation so that, on one hand, the cloud provider expects the most profitability and, on the other hand, users also expect to have the best resources at their disposal considering the budget constraints and time. In most previous work conducted, heuristic and evolutionary approaches have been used to solve this problem. Nevertheless, since the nature of this environment is based on economic methods, using such methods can decrease response time and reducing the complexity of the problem. In this paper, an auction-based method is proposed which determines the auction winner by applying game theory mechanism and holding a repetitive game with incomplete information in a non-cooperative environment. In this method, users calculate suitable price bid with their objective function during several round and repetitions and send it to the auctioneer; and the auctioneer chooses the winning player based the suggested utility function. In the proposed method, the end point of the game is the Nash equilibrium point where players are no longer inclined to alter their bid for that resource and the final bid also satisfies the auctioneer's utility function. To prove the response space convexity, the Lagrange method is used and the proposed model is simulated in the cloudsim and the results are compared with previous work. At the end, it is concluded that this method converges to a response in a shorter time, provides the lowest service level agreement violations and the most utility to the provider.

EXPLORING THE CHOICE BEHAVIOR ON THE RETAILING DELIVERY PROVIDER FOR ONLINE AUCTION CONSUMERS

OpenAIRE

Wei-Shang Fan; Cheng-Min Feng; Yu-Kai Huang; Hsin-Ping Lin

2012-01-01

The development of e-commerce is an efficient business model that enables new relationships between consumers and suppliers. In particular, the online auction market is growing between 50% and 60% and, obviously, becoming a noticeable market. However, how to deliver goods to customers has become one of the challenges for sellers. In Taiwan, convenience stores have integrated e-commerce with the logistics system of convenience stores to a new retail delivery model: “Online shopping in an elect...

77 FR 11115 - Mobility Fund Phase I Auction Limited Extension of Deadlines for Comments and Reply Comments on...

Science.gov (United States)

2012-02-24

... FEDERAL COMMUNICATIONS COMMISSION [AU Docket No. 12-25; DA 12-236] Mobility Fund Phase I Auction... the Mobility Fund Phase I Auction Limited Extension of Comment Deadlines Public Notice (Public Notice... respect to the potential eligibility of specific census blocks for Mobility Fund Phase I support by March...

49 CFR 599.402 - Requirements and limitations for salvage auctions that are consigned trade-in vehicles under the...

Science.gov (United States)

2010-10-01

... that are consigned trade-in vehicles under the CARS program. 599.402 Section 599.402 Transportation... SAVE ACT PROGRAM Disposal of Trade-in Vehicle § 599.402 Requirements and limitations for salvage auctions that are consigned trade-in vehicles under the CARS program. (a) The salvage auction must: (1...

78 FR 21355 - Tribal Mobility Fund Phase I Auction Scheduled for October 24, 2013; Comment Sought on...

Science.gov (United States)

2013-04-10

... unit is the basic unit that will be used to determine the winners in Auction 902 and to measure... Bureaus will measure coverage based on population rather than road miles. Under the auction design options...: EV-DO, EV-DO Rev A, UMTS/HSPA, HSPA+, WiMAX, and LTE. If the Mosaik data did not show such coverage...

Learning by investing: evidence from a naturally occurring auction

Czech Academy of Sciences Publication Activity Database

Hanousek, Jan; Kočenda, Evžen

2011-01-01

Roč. 19, č. 1 (2011), s. 125-149 ISSN 0967-0750 R&D Projects: GA ČR GA402/09/1595; GA MŠk LC542 Institutional research plan: CEZ:MSM0021620846 Keywords : learning * naturally occurring auction * stock market Subject RIV: AH - Economics Impact factor: 0.679, year: 2011

Factors affecting the auction price of Veldram performance tested ...

African Journals Online (AJOL)

The popularity of these auctions for performance tested rams (89.4 % of rams sold) indicate that Veld tested rams were sought after by buyers. The sale price of 296 Veld tested Dorper rams sold between 1994 and 2001, covering seven different tests, were compared with their measured and observed performances.

On the economics of PURPA auctions. [Contracts between utilities and electricity producers in the USA

Energy Technology Data Exchange (ETDEWEB)

Bolle, Friedel (Energiewirtschaftliches Inst. an der Univ. zu Koeln (Germany))

1991-04-01

It is shown that, under certain conditions, Public Utility Regulatory Policies Act (PURPA) auctions in the USA theoretically lead to efficient contracts between utilities and producers of electricity. In contrast to normal auctions bidders compete with (potentially non-linear) revenue functions and with non-price attributes. In practice, there are tremendous difficulties in the evaluation of bids which result from the long duration of contracts and from the necessity to evaluate risks and non-price attributes. (author).

78 FR 68839 - Tribal Mobility Fund Phase I Auction Rescheduled for February 25, 2014; Notice of Changes to...

Science.gov (United States)

2013-11-15

... FEDERAL COMMUNICATIONS COMMISSION [AU Docket No. 13-53; DA 13-2057] Tribal Mobility Fund Phase I Auction Rescheduled for February 25, 2014; Notice of Changes to Auction 902 Schedule Following Resumption... up to $50 million in one-time Tribal Mobility Fund Phase I support, will be conducted on February 25...

Comparison of Group-Buying Online Auction and Posted Pricing Mechanism in an Uncertain Market

Institute of Scientific and Technical Information of China (English)

CHEN Jian; LIU Yunhui; SONG Xiping

2004-01-01

Demand uncertainty is a key factor for the seller's decision making, especially in the e-business environment, for the website to sell products through the online auction. In this paper, two kinds of demand uncertainties are considered: the consumer regime uncertainty and the inherent randomness of the market environment. Then, how to use a novel business model and group-buying auction (GBA) is analyzed in such a market environment. Based on the comparison of the GBA and the posted price mechanism, some conditions that favor the GBA are provided.

Intelligent Continuous Double Auction method For Service Allocation in Cloud Computing

Directory of Open Access Journals (Sweden)

Nima Farajian

2013-10-01

Full Text Available Market-oriented approach is an effective method for resource management because of its regulation of supply and demand and is suitable for cloud environment where the computing resources, either software or hardware, are virtualized and allocated as services from providers to users. In this paper a continuous double auction method for efficient cloud service allocation is presented in which i enables consumers to order various resources (services for workflows and coallocation, ii consumers and providers make bid and request prices based on deadline and workload time and in addition providers can tradeoff between utilization time and price of bids, iii auctioneers can intelligently find optimum matching by sharing and merging resources which result more trades. Experimental results show that proposed method is efficient in terms of successful allocation rate and resource utilization.

The influence of an online auction's product price and e-retailer reputation on consumers' perception, attitude, and behavioral intention.

Science.gov (United States)

Wu, Wann-Yih; Huang, Po-Ching; Fu, Chen-Su

2011-06-01

Online auctions combine the conventional auction model with information technology. However, information asymmetry within such auctions causes risks and uncertainties that influence consumer purchase intentions. In this study, a 2 (product price: high vs. low) × 2 (e-retailer reputation: high vs. low) experimental design was used to understand whether the product price and e-retailer reputation will influence consumers' perceived risk, attitude toward the website and purchase intention. The results of this study indicate that perceived risk negatively influences consumer attitude toward the website and online purchase intention, while consumer attitude toward the website positively influences purchase intention. Moreover, involvement moderates the influence of product price and e-retailer reputation only on social risk but does not have a significant effect on consumer attitude toward the website. This study contributes to a more comprehensive understanding of online auction users' behavior. Finally, the managerial implications, limitations and future research directions are also provided. © 2011 The Authors. Scandinavian Journal of Psychology © 2011 The Scandinavian Psychological Associations.

RadNet (Environmental Radiation Ambient Monitoring System)

Data.gov (United States)

U.S. Environmental Protection Agency — RadNet, formerly Environmental Radiation Ambient Monitoring System (ERAMS), is a national network of monitoring stations that regularly collect air, precipitation,...

Probabilistic properties of the continuous double auction

Czech Academy of Sciences Publication Activity Database

Šmíd, Martin

2012-01-01

Roč. 48, č. 1 (2012), s. 50-82 ISSN 0023-5954 R&D Projects: GA ČR GAP402/10/1610; GA ČR GAP402/10/0956; GA ČR(CZ) GA402/06/1417 Institutional research plan: CEZ:AV0Z10750506 Keywords : continuous double auction * limit order market * distribution Subject RIV: BB - Applied Statistics, Operational Research Impact factor: 0.619, year: 2012 http://library.utia.cas.cz/separaty/2012/E/smid-0372702.pdf

A new quantum sealed-bid auction protocol with secret order in post-confirmation

Science.gov (United States)

Wang, Jing-Tao; Chen, Xiu-Bo; Xu, Gang; Meng, Xiang-Hua; Yang, Yi-Xian

2015-10-01

A new security protocol for quantum sealed-bid auction is proposed to resist the collusion attack from some malicious bidders. The most significant feature of this protocol is that bidders prepare their particles with secret order in post-confirmation for encoding bids. In addition, a new theorem and its proof are given based on the theory of combinatorial mathematics, which can be used as evaluation criteria for the collusion attack. It is shown that the new protocol is immune to the collusion attack and meets the demand for a secure auction. Compared with those previous protocols, the security, efficiency and availability of the proposed protocol are largely improved.

Capacity Allocation and Revenue Sharing in Airline Alliances: A Combinatorial Auction-Based Modeling

Directory of Open Access Journals (Sweden)

Ying-jing Gu

2017-01-01

Full Text Available This paper attempts to establish a framework to help airline alliances effectively allocate their seat capacity with the purpose of maximizing alliances’ revenue. By assuming the airline alliance as the auctioneer and seat capacity in an itinerary as lots, the combinatorial auction model is constructed to optimize the allocation of the seat, and the revenue sharing method is established to share revenue between partners by Vickrey-Clarke-Groves (VCG mechanism. The result of the numerical study shows that the seat capacity allocation is effective even without information exchanging completely and the twofold revenue shares method shows more excitation for the airlines.

Auctioneers vs. commissaires-priseurs: The carnival mirror of profession regulation in the international art market

Directory of Open Access Journals (Sweden)

Elisabetta Lazzaro

2013-06-01

Full Text Available This paper is a comparative analysis of the recent evolution of the French and the Anglo-Saxon profession regulations of auctioneers in terms of entry barriers and exercise of the profession. Firstly, following Stephen and Love's (1999 framework of the regulation of legal profession, we highlight the differences between regulations focussing on different levels (entry restrictions, advertising, fees, fee contracts, and organisational form. We show that French commissaire-priseurs and Anglo-Saxon auctioneers are bounded to quite opposed rules, relating to both the level of regulation (licensing against registration or certification and the scope of this regulation. Secondly, we try to assess the success of these regulations in terms of economic efficiency by comparing the international markets shares of French and Anglo-Saxon auctioneers. We further highlight how a weak regulation can disturb prices mechanisms and, in some cases, favour speculation. The discussion of some emblematic scandals highlights distortions provoked by a strong, as well as a weak regulation

The implications of free allocation versus auctioning of EU ETS allowances for the power sector in the Netherlands

International Nuclear Information System (INIS)

Sijm, J.P.M.; Hers, J.S.; Lise, W.

2008-12-01

The main objective of the present study is to analyse the implications of shifting from free allocation to auctioning of EU ETS allowances (EUAs) for the power sector in the Netherlands. In order to achieve this objective, this study has used three methodological approaches, including theoretical, empirical and model analyses of the impact of free allocations versus auctioning of EUAs on the power sector, notably in the Netherlands. In addition, as Combined Heat and Power (CHP) plays a major role in the electricity sector of the Netherlands, the present study also pays some particular attention to the implications of shifting from free allocation to EUA auctioning for the CHP sector in the Netherlands

9 CFR 2.76 - Records: Operators of auction sales and brokers.

Science.gov (United States)

2010-01-01

..., DEPARTMENT OF AGRICULTURE ANIMAL WELFARE REGULATIONS Records § 2.76 Records: Operators of auction sales and... breed or type of animal; (ii) The sex of the animal; and (iii) The date of birth or approximate age; and...

Systems principles of planning the net cost of oil and gas extraction

Energy Technology Data Exchange (ETDEWEB)

Ryazanova, N I

1979-01-01

The automated system of calculation of ASPC ''oil extraction'' is developed in order to improve the existing system of planning of the oil extracting sector. The most complete expression of the systems construction of the plan is found in the section ''net cost and profit.'' Unity of the production process advances definite requirements for construction of the plan for net cost of oil and gas extraction as the model of this unified process. According to these requirements, the plan for net cost must be developed on the basis of interrelationship of the indicators of the plan for net cost within the section and with indicators of other sections of the plan, methodological unity and continuity of the methods of planning net cost by elements of outlays, articles of calculation and technical-economic factors, methodological continuity of regimes and stages of planning, as well as based on methodological continuity of the control levels. The listed requirements are principles for systems planning of the net cost of oil and gas extraction. These principles guarantee improvement in planning of net cost of oil and gas extraction according to the requirements made for the national economic planning.

Higher-moment measurements of net-kaon, net-charge and net-proton multiplicity distributions at STAR

International Nuclear Information System (INIS)

Sarkar, Amal

2014-01-01

In this paper, we report the measurements of the various moments, such as mean, standard deviation (σ), skewness (S) and kurtosis (κ) of the net-kaon, net-charge and net-proton multiplicity distributions at mid-rapidity in Au + Au collisions from √(s NN )=7.7 to 200 GeV with the STAR experiment at RHIC. This work has been done with the aim to locate the critical point on the QCD phase diagram. These moments and their products are related to the thermodynamic susceptibilities of conserved quantities such as net baryon number, net charge, and net strangeness as well as to the correlation length of the system which diverges in an ideal infinite thermodynamic system at the critical point. For a finite system, existing for a finite time, a non-monotonic behavior of these variables would indicate the presence of the critical point. Furthermore, we also present the moment products Sσ, κσ 2 of net-kaon, net-charge and net-proton multiplicity distributions as a function of collision centrality and energy. The energy and the centrality dependence of higher moments and their products have been compared with different models

Making Marketing Principles Tangible: Online Auctions as Living Case Studies

Science.gov (United States)

Wood, Charles M.; Suter, Tracy A.

2004-01-01

This article presents an effective course supplement for Principles of Marketing classes. An experiential project involving online auctions is offered to instructors seeking to create a more participatory student environment and an interactive teaching style. A number of learning points are illustrated that allow instructors to use an auction…

An Efficient Multi-Item Dynamic Auction with Budget Constrained Bidders

NARCIS (Netherlands)

Talman, A.J.J.; Yang, Z.F.

2011-01-01

An auctioneer wishes to sell several heterogeneous indivisible items to a group of potential bidders. Each bidder has valuations over the items but faces a budget constraint and may therefore not be able to pay up to his valuations. In such markets, a competitive equilibrium typically fails to

6 essays about auctions: a theoretical and empirical analysis. Application to power markets; 6 Essais sur les encheres: approches theorique et empirique. Application aux marches de l'electricite

Energy Technology Data Exchange (ETDEWEB)

Lamy, L

2007-06-15

This thesis is devoted to a theoretical and empirical analysis of auction mechanisms. Motivated by allocation issues in network industries, in particular by the liberalization of the electricity sector, it focus on auctions with externalities (either allocative or informational) and on multi-objects auctions. After an introduction which provides a survey of the use and the analysis of auctions in power markets, six chapters make this thesis. The first one considers standard auctions in Milgrom-Weber's model with interdependent valuations when the seller can not commit not to participate in the auction. The second and third chapters study the combinatorial auction mechanism proposed by Ausubel and Milgrom. The first of these two studies proposes a modification of this format with a final discount stage and clarifies the theoretical status of those formats, in particular the conditions such that truthful reporting is a dominant strategy. Motivated by the robustness issues of the generalizations of the Ausubel-Milgrom and the Vickrey combinatorial auctions to environments with allocative externalities between joint-purchasers, the second one characterizes the buyer-sub-modularity condition in a general model with allocative identity-dependent externalities between purchasers. In a complete information setup, the fourth chapter analyses the optimal design problem when the commitment abilities of the principal are reduced, namely she can not commit to a simultaneous participation game. The fifth chapter is devoted to the structural analysis of the private value auction model for a single-unit when the econometrician can not observe bidders' identities. The asymmetric independent private value (IPV) model is identified. A multi-step kernel-based estimator is proposed and shown to be asymptotically optimal. Using auctions data for the anglo-french electric Interconnector, the last chapter analyses a multi-unit ascending auctions through reduced forms. (author)

Encouraging information sharing to boost the name-your-own-price auction

Science.gov (United States)

Chen, Yahong; Li, Jinlin; Huang, He; Ran, Lun; Hu, Yusheng

2017-08-01

During a name-your-own-price (NYOP) auction, buyers can learn a lot of knowledge from their socially connected peers. Such social learning process makes them become more active to attend the auction and also helps them make decisions on what price to submit. Combining an information diffusion model and a belief decision model, we explore three effects of bidders' information sharing on the buyers' behaviors and the seller profit. The results indicate that information sharing significantly increases the NYOP popularity and the seller profit. When enlarging the quality or quantity of information sharing, or increasing the spreading efficiency of the network topology, the number of attenders and the seller profit are increased significantly. However, the spread of information may make bidders be more likely to bid higher and consequently lose surplus. In addition, the different but interdependent influence of the successful information and failure information are discussed in this work.

Using Priced Options to Solve the Exposure Problem in Sequential Auctions

Science.gov (United States)

Mous, Lonneke; Robu, Valentin; La Poutré, Han

This paper studies the benefits of using priced options for solving the exposure problem that bidders with valuation synergies face when participating in multiple, sequential auctions. We consider a model in which complementary-valued items are auctioned sequentially by different sellers, who have the choice of either selling their good directly or through a priced option, after fixing its exercise price. We analyze this model from a decision-theoretic perspective and we show, for a setting where the competition is formed by local bidders, that using options can increase the expected profit for both buyers and sellers. Furthermore, we derive the equations that provide minimum and maximum bounds between which a synergy buyer's bids should fall in order for both sides to have an incentive to use the options mechanism. Next, we perform an experimental analysis of a market in which multiple synergy bidders are active simultaneously.

The value of information in explicit cross-border capacity auction regimes in electricity markets

International Nuclear Information System (INIS)

Richter, Jan; Viehmann, Johannes

2014-01-01

We study two electricity markets connected by a fixed amount of cross-border capacity. The total amount of capacity is known to all electricity traders and allocated via an auction. The capacity allocated to each bidder in the auction remains private information. We assume that traders are faced with a demand function reflecting the relationship between electricity transmitted between the markets and the spot price difference. Therefore, traders act like Bayesian–Cournot oligopolists in exercising their transmission rights when presented with incomplete information about the competitors’ capacities. Our analysis breaks down the welfare effect into three different components: Cournot behavior, capacity constraints, and incomplete information. We find that social welfare increases with the level of information with which traders are endowed. - Highlights: • We regard the utilization of explicitly auctioned cross-border capacities in electricity markets as a Bayesian Cournot game. • We analyze social welfare and find three forces diminishing it, (1) firms play a cournot game, (2) the presence of capacity constraints, (3) incomplete information. • We derive information regimes from “real world” examples and analyze their effect on social welfare

Accurate Complex Systems Design: Integrating Serious Games with Petri Nets

Directory of Open Access Journals (Sweden)

Kirsten Sinclair

2016-03-01

Full Text Available Difficulty understanding the large number of interactions involved in complex systems makes their successful engineering a problem. Petri Nets are one graphical modelling technique used to describe and check proposed designs of complex systems thoroughly. While automatic analysis capabilities of Petri Nets are useful, their visual form is less so, particularly for communicating the design they represent. In engineering projects, this can lead to a gap in communications between people with different areas of expertise, negatively impacting achieving accurate designs.In contrast, although capable of representing a variety of real and imaginary objects effectively, behaviour of serious games can only be analysed manually through interactive simulation. This paper examines combining the complementary strengths of Petri Nets and serious games. The novel contribution of this work is a serious game prototype of a complex system design that has been checked thoroughly. Underpinned by Petri Net analysis, the serious game can be used as a high-level interface to communicate and refine the design.Improvement of a complex system design is demonstrated by applying the integration to a proof-of-concept case study.   

Essays on empirical analysis of multi-unit auctions: Impacts of financial transmission rights on the restructured electricity industry

Science.gov (United States)

Zang, Hailing

This dissertation uses recently developed empirical methodologies for the study of multi-unit auctions to test the impacts of Financial Transmission Rights (FTRs) on the competitiveness of restructured electricity markets. FTRs are a special type of financial option that hedge against volatility in the cost of transporting electricity over the grid. Policy makers seek to use the prices of FTRs as market signals to incentivize efficient investment and utilization of transmission capacity. However, prices will not send the correct signals if market participants strategically use FTRs. This dissertation uses data from the Texas electricity market to test whether the prices of FTRs are efficient to achieve such goals. The auctions studied are multi-unit, uniform-price, sealed-bid auctions. The first part of the dissertation studies the auctions on the spot market of the wholesale electricity industry. I derive structural empirical models to test theoretical predictions as to whether bidders fully internalize the effect of FTRs on profits into their bidding decisions. I find that bidders are learning as to how to optimally bid above marginal cost for their inframarginal capacities. The bidders also learn to bid to include FTRs into their profit maximization problem during the course of the first year. But starting from the second year, they deviated from optimal bidding that includes FTRs in the profit maximization problems. Counterfactual analysis show that the primary effect of FTRs on market outcomes is changing the level of prices rather than production efficiency. Finally, I find that in most months, the current allocations of FTRs are statistically equivalent to the optimal allocations. The second part of the dissertation studies the bidding behavior in the FTR auctions. I find that FTRs' strategic impact on the FTR purchasing behavior is significant for large bidders---firms exercising market power in the FTR auctions. Second, trader forecasts future FTR credit

System and method for determining the net output torque from a waste heat recovery system

Science.gov (United States)

Tricaud, Christophe; Ernst, Timothy C.; Zigan, James A.

2016-12-13

The disclosure provides a waste heat recovery system with a system and method for calculation of the net output torque from the waste heat recovery system. The calculation uses inputs from existing pressure and speed sensors to create a virtual pump torque sensor and a virtual expander torque sensor, and uses these sensors to provide an accurate net torque output from the WHR system.

GOLD NETTING TO STRENGTHEN FINANCIAL SYSTEM STABILITY

Directory of Open Access Journals (Sweden)

Ahamed Kameel Mydin Meera

2017-08-01

Full Text Available Economic and financial crises seem to occur with increased frequency. Indeed now most countries, including several advanced economies like the US, Europe and Japan, are in serious economic recession. Employment and business opportunities have been much dampened. Inflation seems to be soaring globally and nations are witnessing widening gaps in income and wealth distribution. Many of these advanced economies are also facing shrinking population sizes that translate into aging problems and labor shortages. On top of those, there are environmental issues, including global warming. All these, in turn, have caused regional and global political conflicts and turmoil. The Arab Spring and the sovereign debt problems faced by some European countries like Greece are examples of this. Sustainability of economics and environment is thus of paramount concern of today. This paper considers those problems and suggests Interest-free Gold-based Electronic Netting System (IGENS as an effective way of injecting liquidity into the economy, practically free, that can spur business and employment while bringing about structural stability, inflation checked with both economic and environmental sustainability. Netting or muqassah is a transaction allowed in shari’ah and is practiced worldwide in different forms. Examples include the highly successful WIR Bank of Switzerland, various Local Exchange Trading Schemes (LETS and Bilateral and Multilateral Payment Arrangements between central banks.   Keywords:  Global crisis, Payment system, Gold, Netting, Muqassah, Liquidity, Sustainability, Financial system stability JEL Classification: E40, E42, E51

Fast And Flexible Modelling Of Real-Time Systems With Rtcp-Nets

Directory of Open Access Journals (Sweden)

Marcin Szpyrka

2004-01-01

Full Text Available A large number of formalisms has been proposed for real-time systems modelling. However, formal methods are not widely used in industrial software development. Such a situation could be treated as a result of a lack of suitable tools for fast designing of a model, its analysis and modification. RTCP-nets have been defined to facilitate fast modelling of embedded systems incorporating rule-based systems. Computer tools that are being developed for RTCP-nets, use a template mechanism to allow users to design models and manipulate its properties fast and effectively. Both theoretical and practical aspects of RTCP-nets are presented in the paper.

Fast and Flexible Modelling of Real-Time Systems with RTCP-Nets

Directory of Open Access Journals (Sweden)

Marcin Szpyrka

2004-01-01

Full Text Available A large number of formalisms has been proposed for real-time systems modelling. However, formal methods are not widely used in industrial software development. Such a situation could be treated as a result of a lack of suitable tools for fast designing of a model, its analysis and modification. RTCP-nets have been defined to facilitate fast modelling of embedded systems incorporating rule-based systems. Computer tools that are being developed for RTCP-nets, use a template mechanism to allow users to design models and manipulate its properties fast and effectively. Both theoretical and practical aspects of RTCP-nets are presented in the paper.

Missing money and missing markets: Reliability, capacity auctions and interconnectors

International Nuclear Information System (INIS)

Newbery, David

2016-01-01

In the energy trilemma of reliability, sustainability and affordability, politicians treat reliability as over-riding. The EU assumes the energy-only Target Electricity Model will deliver reliability but the UK argues that a capacity remuneration mechanism is needed. This paper argues that capacity auctions tend to over-procure capacity, exacerbating the missing money problem they were designed to address. The bias is further exacerbated by failing to address some of the missing market problems also neglected in the debate. It examines the case for, criticisms of, and outcome of the first GB capacity auction and problems of trading between different capacity markets. - Highlights: •Energy-only markets can work if they avoid missing money and missing market problems. •Policy makers over-estimate the cost of so-called “loss of load events”. •Policy makers tend to over-procure capacity, exacerbating the missing money problem. •Rectifying missing market problems simplifies trade between different capacity markets. •Addressing missing market problems makes under-procurement cheaper than over-procurement.

Report of the work group on modalities of selling and putting up for auction CO2 emission permits in France. Elements related to phase 3

International Nuclear Information System (INIS)

2009-01-01

The first part of this report shows that, despite recurring critics on the current emission permit price, the European market kept on maturing and proved its ability to reflect the evolution of fundamentals into prices. The second part shows that recent foreign experiences in putting up for auction CO 2 emission permits revealed convergencies as far as auction formats are concerned. The third part shows that the economic theory and these empirical experimental results support the idea of uniform auctions with a unique price accompanied with a reserved price. It discusses the evolution perspectives of these sales by auction, outlines that access to auctions should be opened to all industrial and financial actors, and the importance of the modalities of control and regulation of the emission permit market. It finally outlines and discusses the role France could play in the building up of a European platform and in the promotion of strictly harmonised rules

New - Nucleus - NucNet. The ENS triple communication system

Energy Technology Data Exchange (ETDEWEB)

Feuz, Peter [ENS and NucNet (Belgium); Holt, Peter [Nuclear Europe Worldscan and Nucleus (Belgium)

1993-07-01

The ENS triple communication system was built up as a step-by-step response to practical needs. In fact the triple communication system has the fourth issue, namely WINFO. Nuclear Europe was started in 1981 with three pilot issues. Now, Nuclear Europe Worldscan has become an integrator, between over 20 000 members of ENS Member Societies, from the Atlantic to the Urals and beyond; an integrator between Europe and the rest-of-the world nuclear community; between industry and science and engineering; between the bosses and the staff; and finally, an integrator between the nuclear community and those outsiders who take an interest in nuclear issues. Nucleus started in 1987, selected by the ENS Steering Committee for as the most worthwhile for transferring messages from nuclear community to the politicians and opinion-leaders, i.e. to non-technical outsiders. It is a briefing sheet for people who work with key policy principles, politicians and journalists. It is designed and written for people having no time to read. The keys to each two-page Nucleus are headlines. Nucleus appears in English, French, Croatian, Russian, Dutch, Hungarian, Romanian and Finnish. When the need grew really urgent for Europe, the ENS Information Committee proposed a feasibility study, which the European nuclear community entrusted to ENS in 1989. NucNet was launched in January 1991 - first as a European, and later as a truly worldwide, communications system. NucNet is the worldwide network which circulates nuclear news and information that the public should be informed of, written in a language that the public can easily understand. NucNet is highly appreciated, for instance, by NPP managers because they are informed about incidents faster than by any other means. But, NucNet is not merely an incident reporting system. (As a general rule, the network only reports on incidents in nuclear plants if they are rated at level 2 or above on the IAEA's International Nuclear Event Scale). The more

New - Nucleus - NucNet. The ENS triple communication system

International Nuclear Information System (INIS)

Feuz, Peter; Holt, Peter

1993-01-01

The ENS triple communication system was built up as a step-by-step response to practical needs. In fact the triple communication system has the fourth issue, namely WINFO. Nuclear Europe was started in 1981 with three pilot issues. Now, Nuclear Europe Worldscan has become an integrator, between over 20 000 members of ENS Member Societies, from the Atlantic to the Urals and beyond; an integrator between Europe and the rest-of-the world nuclear community; between industry and science and engineering; between the bosses and the staff; and finally, an integrator between the nuclear community and those outsiders who take an interest in nuclear issues. Nucleus started in 1987, selected by the ENS Steering Committee for as the most worthwhile for transferring messages from nuclear community to the politicians and opinion-leaders, i.e. to non-technical outsiders. It is a briefing sheet for people who work with key policy principles, politicians and journalists. It is designed and written for people having no time to read. The keys to each two-page Nucleus are headlines. Nucleus appears in English, French, Croatian, Russian, Dutch, Hungarian, Romanian and Finnish. When the need grew really urgent for Europe, the ENS Information Committee proposed a feasibility study, which the European nuclear community entrusted to ENS in 1989. NucNet was launched in January 1991 - first as a European, and later as a truly worldwide, communications system. NucNet is the worldwide network which circulates nuclear news and information that the public should be informed of, written in a language that the public can easily understand. NucNet is highly appreciated, for instance, by NPP managers because they are informed about incidents faster than by any other means. But, NucNet is not merely an incident reporting system. (As a general rule, the network only reports on incidents in nuclear plants if they are rated at level 2 or above on the IAEA's International Nuclear Event Scale). The more

Investing EU ETS auction revenues into energy savings

Energy Technology Data Exchange (ETDEWEB)

Sijm, J.P.M.; Boonekamp, P.G.M. [ECN Policy Studies, Petten (Netherlands); Summerton, P.; Pollitt, H.; Billington, S. [Cambridge Econometrics CE, Cambridge (United Kingdom)

2013-05-15

The overall objective of this study is to analyse the effects of using EU ETS auction revenues to stimulate investments in energy savings in three key target sectors, i.e. Households, Tertiary and Industry (including both ETS and non-ETS industrial installations). The scenarios used refer basically to the situation before the recent agreement on the Energy Efficiency Directive (EED) and include (a mixture of) different policy options to enhance energy savings in the target sectors, in particular (1) reducing the ETS cap, (2) introducing an Energy Efficiency Obligation (EEO) for energy suppliers or distributors, and/or (3) using ETS auction revenues to support additional (private) investments in raising energy efficiency. In order to meet this objective a variety of different policy scenarios have been defined and analysed by means of the 'Energy-Environment-Economy Model for Europe (E3ME)'. The study presents and discusses a large variety of scenario modelling results by the year 2020 at the EU27 level. These results refer to, among others, energy savings, GHG emissions, the ETS carbon price, household electricity bills and to changes in some macro- or socio-economic outcomes such as GDP, inflation, employment or international trade. Finally, the study discusses some policy findings and implications, including options to enhance the effectiveness of some EE policies, in particular those having a potential adverse effect on the ETS carbon price.

CVM-X: Calibrating contingent values with experimental auction markets

International Nuclear Information System (INIS)

Fox, J.A.; Shogren, J.F.; Hayes, D.J.; Kliebenstein, J.B.

1998-01-01

We design and implement a method, CVM-X, to calibrate hypothetical survey values using experimental auction markets. We test the procedure using consumer willingness-to-pay for irradiated/nonirradiated meat. Our results show that calibration factors for those who favor the irradiation process (0.67-0.69) are less severe than for those with an initial dislike of the process (0.55-0.59), suggesting that calibration may be commodity specific

Complexity and Tractability Islands for Combinatorial Auctions on Discrete Intervals with Gaps

NARCIS (Netherlands)

Döcker, J.; Dorn, B.; Endriss, U.; Krüger, D.; Kaminka, G.A.; Fox, M.; Bouquet, P.; Hüllermeyer, E.; Dignum, V.; Dignum, F.; van Harmelen, F.

2016-01-01

Combinatorial auctions are mechanisms for allocating bundles of goods to agents who each have preferences over these goods. Finding an economically efficient allocation, the so-called winner determination problem, is computationally intractable in the general case, which is why it is important to

Using Experimental Auctions to Examine Demand for E-Cigarettes.

Science.gov (United States)

O'Connor, Richard; Rousu, Matthew C; Bansal-Travers, Maansi; Vogl, Lisa; Corrigan, Jay R

2017-06-01

E-cigarettes are the latest in a line of potentially reduced exposure products that have garnered interest among smokers. In this paper, we use experimental auctions to estimate smokers' demand for e-cigarettes and to assess the impact of advertisements on willingness to pay. These are actual auctions, with winners and losers, which means hypothetical biases often seen in surveys are minimized. We find smokers have positive demand for e-cigarettes, and that the print advertisements used in our study had greater effectiveness than video ads (b = 2.00, p e-cigarettes. Demand was greater for reusable versus disposable e-cigarettes. In multivariate models, demand for e-cigarettes was higher among non-white participants and among smokers willing to pay more for cigarettes. Our findings suggest that cigarette smokers are interested in e-cigarettes as alternatives to traditional products, particularly for reusable forms, and that this demand can be influenced by messaging/advertising. Given these reduced harm products are appealing, if smokers are able to switch completely to e-cigarettes, there is a good chance for accrual of significant harm reduction. © The Author 2016. Published by Oxford University Press on behalf of the Society for Research on Nicotine and Tobacco. All rights reserved. For permissions, please e-mail: journals.permissions@oup.com.

Statistical mechanics of budget-constrained auctions

International Nuclear Information System (INIS)

Altarelli, F; Braunstein, A; Realpe-Gomez, J; Zecchina, R

2009-01-01

Finding the optimal assignment in budget-constrained auctions is a combinatorial optimization problem with many important applications, a notable example being in the sale of advertisement space by search engines (in this context the problem is often referred to as the off-line AdWords problem). On the basis of the cavity method of statistical mechanics, we introduce a message-passing algorithm that is capable of solving efficiently random instances of the problem extracted from a natural distribution, and we derive from its properties the phase diagram of the problem. As the control parameter (average value of the budgets) is varied, we find two phase transitions delimiting a region in which long-range correlations arise

Statistical mechanics of budget-constrained auctions

Science.gov (United States)

Altarelli, F.; Braunstein, A.; Realpe-Gomez, J.; Zecchina, R.

2009-07-01

Finding the optimal assignment in budget-constrained auctions is a combinatorial optimization problem with many important applications, a notable example being in the sale of advertisement space by search engines (in this context the problem is often referred to as the off-line AdWords problem). On the basis of the cavity method of statistical mechanics, we introduce a message-passing algorithm that is capable of solving efficiently random instances of the problem extracted from a natural distribution, and we derive from its properties the phase diagram of the problem. As the control parameter (average value of the budgets) is varied, we find two phase transitions delimiting a region in which long-range correlations arise.

Modelling of Biometric Identification System with Given Parameters Using Colored Petri Nets

Science.gov (United States)

Petrosyan, G.; Ter-Vardanyan, L.; Gaboutchian, A.

2017-05-01

Biometric identification systems use given parameters and function on the basis of Colored Petri Nets as a modelling language developed for systems in which communication, synchronization and distributed resources play an important role. Colored Petri Nets combine the strengths of Classical Petri Nets with the power of a high-level programming language. Coloured Petri Nets have both, formal intuitive and graphical presentations. Graphical CPN model consists of a set of interacting modules which include a network of places, transitions and arcs. Mathematical representation has a well-defined syntax and semantics, as well as defines system behavioural properties. One of the best known features used in biometric is the human finger print pattern. During the last decade other human features have become of interest, such as iris-based or face recognition. The objective of this paper is to introduce the fundamental concepts of Petri Nets in relation to tooth shape analysis. Biometric identification systems functioning has two phases: data enrollment phase and identification phase. During the data enrollment phase images of teeth are added to database. This record contains enrollment data as a noisy version of the biometrical data corresponding to the individual. During the identification phase an unknown individual is observed again and is compared to the enrollment data in the database and then system estimates the individual. The purpose of modeling biometric identification system by means of Petri Nets is to reveal the following aspects of the functioning model: the efficiency of the model, behavior of the model, mistakes and accidents in the model, feasibility of the model simplification or substitution of its separate components for more effective components without interfering system functioning. The results of biometric identification system modeling and evaluating are presented and discussed.

31 CFR 356.20 - How does the Treasury determine auction awards?

Science.gov (United States)

2010-07-01

... yields or discount rates through successively higher yields or discount rates, up to the amount required... discount rate as described below. If the amount of noncompetitive bids would absorb most or all of the... the yield or discount rate for the securities we are auctioning. (2) Accepting bids at the high yield...

Petri Nets

Indian Academy of Sciences (India)

In a computer system, for example, typical discrete events ... This project brought out a series of influential reports on Petri net theory in the mid and late ... Technology became a leading centre for Petri net research and from then on, Petri nets ...

DMFS: A Data Migration File System for NetBSD

Science.gov (United States)

Studenmund, William

2000-01-01

I have recently developed DMFS, a Data Migration File System, for NetBSD. This file system provides kernel support for the data migration system being developed by my research group at NASA/Ames. The file system utilizes an underlying file store to provide the file backing, and coordinates user and system access to the files. It stores its internal metadata in a flat file, which resides on a separate file system. This paper will first describe our data migration system to provide a context for DMFS, then it will describe DMFS. It also will describe the changes to NetBSD needed to make DMFS work. Then it will give an overview of the file archival and restoration procedures, and describe how some typical user actions are modified by DMFS. Lastly, the paper will present simple performance measurements which indicate that there is little performance loss due to the use of the DMFS layer.

Net-energy analysis of nuclear and wind power systems

International Nuclear Information System (INIS)

Tyner, G.T. Sr.

1985-01-01

The following question is addressed: can nuclear power and wind power (a form of solar energy) systems yield enough energy to replicate themselves out of their own energy and leave a residual of net energy in order to provide society with its needs and wants. Evidence is provided showing that there is a proportionality between the real monetary cost and energy inputs. The life-cycle, economic cost of the energy-transformation entity is the basis for calculating the amount of energy needed, as inputs, to sustain energy transformation. This study is unique as follows: others were based on preliminary cost and performance estimates. This study takes advantage of updated cost and performance data. Second, most prior studies did not include the energy cost of labor, government, and financial services, transmission and distribution, and overhead in arriving at energy inputs. This study includes all economic costs as a basis for calculating energy-input estimates. Both static (single-entity analysis) and dynamic (total systems over time) analyses were done and the procedures are shown in detail. It was found that the net-energy yield will be very small and most likely negative. System costs must be substantially lowered or efficiencies materially improved before these systems can become sources of enough net energy to drive the United States economic system at even the present level of economic output

Geographic Information Systems-Transportation ISTEA management systems server-net prototype pooled fund study: Phase B summary

Energy Technology Data Exchange (ETDEWEB)

Espinoza, J. Jr.; Dean, C.D.; Armstrong, H.M. [and others

1997-06-01

The Geographic Information System-Transportation (GIS-T) ISTEA Management Systems Server Net Prototype Pooled Fund Study represents the first national cooperative effort in the transportation industry to address the management and monitoring systems as well as the statewide and metropolitan transportation planning requirements of the Intermodal Surface Transportation Efficiency Act of 1991 (ISTEA). The Study was initiated in November 1993 through the Alliance for Transportation Research and under the leadership of the New Mexico State Highway and Transportation Department. Sandia National Laboratories, an Alliance partner, and Geographic Paradigm Computing. Inc. provided technical leadership for the project. In 1992, the Alliance for Transportation Research, the New Mexico State Highway and Transportation Department, Sandia National Laboratories, and Geographic Paradigm Computing, Inc., proposed a comprehensive research agenda for GIS-T. That program outlined a national effort to synthesize new transportation policy initiatives (e.g., management systems and Intelligent Transportation Systems) with the GIS-T server net ideas contained in the NCHRP project {open_quotes}Adaptation of GIS to Transportation{close_quotes}. After much consultation with state, federal, and private interests, a project proposal based on this agenda was prepared and resulted in this Study. The general objective of the Study was to develop GIS-T server net prototypes supporting the ISTEA requirements for transportation planning and management and monitoring systems. This objective can be further qualified to: (1) Create integrated information system architectures and design requirements encompassing transportation planning activities and data. (2) Encourage the development of functional GIS-T server net prototypes. (3) Demonstrate multiple information systems implemented in a server net environment.

A DAQ system for CAMAC controller CC/NET using DAQ-Middleware

International Nuclear Information System (INIS)

Inoue, E; Yasu, Y; Nakayoshi, K; Sendai, H

2010-01-01

DAQ-Middleware is a framework for the DAQ system which is based on RT-Middleware (Robot Technology Middleware) and dedicated to making DAQ systems. DAQ-Middleware has come into use as a one of the DAQ system framework for the next generation Particle Physics experiment at KEK in recent years. DAQ-Middleware comprises DAQ-Components with all necessary basic functions of the DAQ and is easily extensible. So, using DAQ-Middleware, you are able to construct easily your own DAQ system by combining these components. As an example, we have developed a DAQ system for a CC/NET [1] using DAQ-Middleware by the addition of GUI part and CAMAC readout part. The CC/NET, the CAMAC controller was developed to accomplish high speed read-out of CAMAC data. The basic design concept of CC/NET is to realize data taking through networks. So, it is consistent with the DAQ-Middleware concept. We show how it is convenient to use DAQ-Middleware.

Circular Orbit Target Capture Using Space Tether-Net System

Directory of Open Access Journals (Sweden)

Guang Zhai

2013-01-01

Full Text Available The space tether-net system for on-orbit capture is proposed in this paper. In order to research the dynamic behaviors during system deployment, both free and nonfree deployment dynamics in circular orbit are developed; the system motion with respect to Local Vertical and Local Horizontal frame is also researched with analysis and simulation. The results show that in the case of free deployment, the capture net follows curve trajectories due to the relative orbit dynamic perturbation, and the initial deployment velocities are planned by state transformation equations for static and floating target captures; in the case of non-free deployment, the system undergoes an altitude libration along the Local Vertical, and the analytical solutions that describe the attitude libration are obtained by using variable separation and integration. Finally, the dynamics of postdeployment system is also proved marginally stable if the critical initial conditions are satisfied.

See Art History in a New Light: Have an Art Auction

Science.gov (United States)

Benter, Doris J.

2008-01-01

At Portledge School in Locust Valley, New York, ninth graders in their upper school study art history for one semester. The visual arts department has created a vigorous new syllabus culminating in an hour-long mock art auction. The department selects several art movements (e.g., Post-Impressionism, Cubism, Abstract Expressionism, Social Realism,…

Small-vessel Survey and Auction Sampling to Estimate Growth and Maturity of Eteline Snappers

Data.gov (United States)

National Oceanic and Atmospheric Administration, Department of Commerce — Small-vessel Survey and Auction Sampling to Estimate Growth and Maturity of Eteline Snappers and Improve Data-Limited Stock Assessments. This biosampling project...

The impact of product information and trials on demand for smokeless tobacco and cigarettes: evidence from experimental auctions.

Science.gov (United States)

Rousu, Matthew C; O'Connor, Richard J; Thrasher, James F; June, Kristie M; Bansal-Travers, Maansi; Pitcavage, James

2014-03-01

Epidemiological and toxicological evidence suggests lower risk of smokeless tobacco (ST) products compared to cigarettes. Less is known, however, about consumer perceptions and use of novel forms of ST, including snus and dissolvable tobacco. In this study, we conducted in-person experimental auctions in Buffalo, NY, Columbia, SC, and Selinsgrove, PA with 571 smokers to test the impact of information and product trials on smokers' preferences. Auctions were conducted between November 2010-November 2011. We found no evidence of an impact of product trials on demand in our auctions. Anti-ST information increased demand for cigarettes when presented alone, but when presented with pro-ST information it decreased demand for cigarettes. It did not decrease demand for ST products. Anti-smoking information increased demand for ST products, but did not affect cigarette demand. These findings suggest that credible and effective communications about tobacco harm reduction should reinforce the negative effects of smoking. Copyright © 2013 Elsevier Inc. All rights reserved.

An Auction-Based Spectrum Leasing Mechanism for Mobile Macro-Femtocell Networks of IoT.

Science.gov (United States)

Chen, Xin; Xing, Lei; Qiu, Tie; Li, Zhuo

2017-02-16

The Internet of Things (IoT) is a vision of the upcoming society. It can provide pervasive communication between two or more entities using 4G-LTE (Long Term Evolution) communication technology. In 4G-LTE networks, there are two important problems: helping manage the spectrum demands of IoT devices and achieving much more revenue with the limited resource. This paper proposes a pricing framework to investigate the spectrum leasing in mobile heterogeneous networks with single macrocell and multiple femtocells. We modeled the leasing procedure between the macrocell service provider (MSP) and femtocell holders (FHs) as an auction to motivate the MSP to lease its spectrum resource. All FHs act as the bidders, and the monopolist MSP acts as the auctioneer. In the auction, FHs submit their bids to rent the spectrum resource so that they can make a profit by selling it to their subscribers. The MSP determines the spectrum leasing amount and chooses the winning FHs by solving the dynamic programming-based 0-1 knapsack problem. In our proposed framework, we focus on the spectrum pricing strategy and revenue maximization of the MSP. The simulation results show that the proposed scheme provides effective motivation for the MSP to lease the spectrum to FHs, and both the MSP and FHs can benefit from spectrum leasing.

An Auction-Based Spectrum Leasing Mechanism for Mobile Macro-Femtocell Networks of IoT

Directory of Open Access Journals (Sweden)

Xin Chen

2017-02-01

Full Text Available The Internet of Things (IoT is a vision of the upcoming society. It can provide pervasive communication between two or more entities using 4G-LTE (Long Term Evolution communication technology. In 4G-LTE networks, there are two important problems: helping manage the spectrum demands of IoT devices and achieving much more revenue with the limited resource. This paper proposes a pricing framework to investigate the spectrum leasing in mobile heterogeneous networks with single macrocell and multiple femtocells. We modeled the leasing procedure between the macrocell service provider (MSP and femtocell holders (FHs as an auction to motivate the MSP to lease its spectrum resource. All FHs act as the bidders, and the monopolist MSP acts as the auctioneer. In the auction, FHs submit their bids to rent the spectrum resource so that they can make a profit by selling it to their subscribers. The MSP determines the spectrum leasing amount and chooses the winning FHs by solving the dynamic programming-based 0–1 knapsack problem. In our proposed framework, we focus on the spectrum pricing strategy and revenue maximization of the MSP. The simulation results show that the proposed scheme provides effective motivation for the MSP to lease the spectrum to FHs, and both the MSP and FHs can benefit from spectrum leasing.

Evaluation of PersianCAT Agent's Accepting Policy in Continuous Double Auction, Participant in CAT 2007 Competition

Science.gov (United States)

Honari, Sina; Fos-Hati, Amin; Ebadi, Mojtaba; Gomrokchi, Maziar

As there is a growing tendency towards online auctions, online Multi Agent Systems for economic activities like stock exchanges is more in demand. CAT (CATallactics) competition has produced a great opportunity for researchers since 2007 to put their theories into practice in a real-time economic-based competition, combining traders and brokers. As one of participants, we evaluated our new accepting policy by putting it to challenge. In this paper we give a general overview of one of our policies in the market.

Diagnostic system based on condition turbogenerator Petri nets

International Nuclear Information System (INIS)

Kachur, S.A.; Shakhova, N.V.

2016-01-01

A stochastic model of the automated monitoring systems and process control turbine generator based on Petri nets, allowing to detect local changes in the state of the stator windings of turbogenerator, is presented in the paper [ru

Design of River System Deadlock Avoidance Supervisor by Using Petri Net

Directory of Open Access Journals (Sweden)

Danko Kezić

2010-05-01

Full Text Available Advanced function of the computer-based river traffic management system should automatically predict and prevent possible conflict and deadlock states between vessels by using adequate control policy (supervisor. This paper proposes a formal method for calculating maximally permissive deadlock prevention supervisor. To model the river system, the authors use a class of Petri net suitable for describing multiple re-entrant flowlines with disjoint sets of resources, jobs and control places, and matrix-based formal method to analyze the system. By using matrix algebra, the structural characteristics of the Petri net (circular waits, P-invariants, critical siphons and subsystem, key resource have been analyzed and the steps for supervisor design proposed. The first and the second level deadlocks can be avoided by maintaining the number of tokens in the critical subsystems and ensuring that the key resource would not be the last available resource in the system. The derived supervisor has been verified by a computer simulation using MATLAB environment. KEYWORDS: traffic management system, deadlock avoidance, discrete event system, Petri net

Development of Network Interface Cards for TRIDAQ systems with the NaNet framework

International Nuclear Information System (INIS)

Ammendola, R.; Biagioni, A.; Cretaro, P.; Frezza, O.; Cicero, F. Lo; Lonardo, A.; Martinelli, M.; Paolucci, P.S.; Pastorelli, E.; Simula, F.; Valente, P.; Vicini, P.; Lorenzo, S. Di; Piandani, R.; Pontisso, L.; Sozzi, M.; Fiorini, M.; Neri, I.; Lamanna, G.; Rossetti, D.

2017-01-01

NaNet is a framework for the development of FPGA-based PCI Express (PCIe) Network Interface Cards (NICs) with real-time data transport architecture that can be effectively employed in TRIDAQ systems. Key features of the architecture are the flexibility in the configuration of the number and kind of the I/O channels, the hardware offloading of the network protocol stack, the stream processing capability, and the zero-copy CPU and GPU Remote Direct Memory Access (RDMA). Three NIC designs have been developed with the NaNet framework: NaNet-1 and NaNet-10 for the CERN NA62 low level trigger and NaNet 3 for the KM3NeT-IT underwater neutrino telescope DAQ system. We will focus our description on the NaNet-10 design, as it is the most complete of the three in terms of capabilities and integrated IPs of the framework.

Efficient and Secure Comparison for On-Line Auctions

DEFF Research Database (Denmark)

Damgård, Ivan Bjerre; Krøigaard, Mikkel; Geisler, Martin Joakim

2007-01-01

We propose a protocol for secure comparison of integers based on homomorphic encryption. We also propose a homomorphic encryption scheme that can be used in our protocol and makes it more efficient than previous solutions. Our protocol is well-suited for application in on-line auctions, both...... with respect to functionality and performance. It minimizes the amount of information bidders need to send, and for comparison of 16 bit numbers with security based on 1024 bit RSA (executed by two parties), our implementation takes 0.28 seconds including all computation and communication. Using precomputation...

A formulation of combinatorial auction via reverse convex programming

Directory of Open Access Journals (Sweden)

Henry Schellhorn

2005-01-01

of this problem, where orders are aggregated and integrality constraints are relaxed. It was proved that this problem could be solved efficiently in two steps by calculating two fixed points, first the fixed point of a contraction mapping, and then of a set-valued function. In this paper, we generalize the problem to incorporate constraints on maximum price changes between two auction rounds. This generalized problem cannot be solved by the aforementioned methods and necessitates reverse convex programming techniques.

Implicit price of mussel characteristics in the auction market

DEFF Research Database (Denmark)

Nguyen, Thong Tien

2012-01-01

This study explores desired and undesired characteristics of mussels in wholesale market by applying hedonic price analysis. Transaction data in auction market in Yerseke, the Netherlands, was used to estimate linear and semi-log price models. Meat content and size count, which are measured...... of raw mussels are significant discounting factors on the price. The study also investigates the impact of farming locations and seasons on the price and the price trend during the period of 2002–2009....

Varying the number of bidders in the first-price sealed-bid auction: experimental evidence for the one-shot game

OpenAIRE

Tibor Neugebauer; Sascha F llbrunn

2013-01-01

The paper reports experimental data on the behavior in the first-price sealed-bid auction for a varying number of bidders when values and bids are private information. This feedback-free design is proposed for the experimental test of the one-shot game situation. We consider both within-subject and betweensubjects variations. In line with the qualitative risk neutral Nash equilibrium prediction, the data show that bids increase in the number of bidders. However, in auctions involving a small ...

Tritium systems concepts for the next European torus (NET)

International Nuclear Information System (INIS)

Sood, S.K.; Bagli, K.S.; Busigin, A.; Kveton, O.K.; Dombra, A.H.; Miller, A.I.

1986-09-01

The study deals with the design of the various tritium processing facilities that will be required for the Next European Torus (NET) design. The reference data for the design of the NET Tritium Systems was provided by the NET team. Significant achievements of this study were: (a) Identification of new ways of handling some problems for example: 1) Recovery of tritium from the helium purge of the lithium-ceramic blanket using a novel Adsoprtion and Catalytic Exchange Process, 2) A new way of combining fuel component separation and coolant water detritiation using cryogenic distillation, 3) The use of parasitic refrigeration for the cryogenic isotope separation, 4) Tritium extraction from effluent gas streams at their respective sources, 5) Attempt to eliminate the need for Air Cleanup Systems. (b) Identification of uncertainties, for example: composition of plasma exhaust, required helium purge rate of Li-Pb for tritium recovery, uncertainty in requirements for decontaminating blanket sectors, etc. (c) Review of ways to limit tritium permeation into steam by swamping with hydrogen and to provide quantitative estimates for this permeation

Auction dynamics: A volume constrained MBO scheme

Science.gov (United States)

Jacobs, Matt; Merkurjev, Ekaterina; Esedoǧlu, Selim

2018-02-01

We show how auction algorithms, originally developed for the assignment problem, can be utilized in Merriman, Bence, and Osher's threshold dynamics scheme to simulate multi-phase motion by mean curvature in the presence of equality and inequality volume constraints on the individual phases. The resulting algorithms are highly efficient and robust, and can be used in simulations ranging from minimal partition problems in Euclidean space to semi-supervised machine learning via clustering on graphs. In the case of the latter application, numerous experimental results on benchmark machine learning datasets show that our approach exceeds the performance of current state-of-the-art methods, while requiring a fraction of the computation time.

Coloured Petri Nets

DEFF Research Database (Denmark)

Jensen, Kurt

1987-01-01

The author describes a Petri net model, called coloured Petri nets (CP-nets), by means of which it is possible to describe large systems without having to cope with unnecessary details. The author introduces CP-nets and provide a first impression of their modeling power and the suitability...

Market clearing of joint energy and reserves auctions using augmented payment minimization

International Nuclear Information System (INIS)

Amjady, N.; Aghaei, J.; Shayanfar, H.A.

2009-01-01

This paper presents the market clearing of joint energy and reserves auctions and its mathematical formulation, focusing on a possible implementation of the Payment Cost Minimization (PCM). It also discusses another key point in debate: whether market clearing algorithm should minimize offer costs or payment costs? An aggregated simultaneous market clearing approach is proposed for provision of ancillary services as well as energy, which is in the form of Mixed Integer Nonlinear Programming (MINLP) formulation. In the MINLP formulation of the market clearing process, the objective function (Payment cost or offer cost) are optimized while meeting AC power flow constraints, system reserve requirements and lost opportunity cost (LOC) considerations. The model is applied to the IEEE 24-bus Reliability Test System (IEEE 24-bus RTS), and simulation studies are carried out to examine the effectiveness of each objective function. (author)

HYPERION NET - a distributed measurement system for monitoring background ionizing radiation

International Nuclear Information System (INIS)

Saponjic, Dj.; Zigic, A.; Arandjelovic, V.

2003-01-01

The distributed measurement system - HYPERION NET, based on the concept of FieldBus technology, has been developed, implemented, and tested as a pilot project, the first WEB enabled on-line networked ionizing radiation monitoring and measurement system. The Net has layered the structure, tree topology, and is based on the Internet infrastructure and TCP/IP communication protocol. The Net's core element is an intelligent GM transmitter, based on GM tube, used for measuring the absorbed dose in air, in the range of 0.087 to 720 μGy/h. The transmitter makes use of an advanced count rate measurement algorithm capable of suppressing the statistical fluctuations of the measured quantity, which significantly improves its measurement performance mailing it suitable for environmental radiation measurements. (author)

Price computation in electricity auctions with complex rules: An analysis of investment signals

International Nuclear Information System (INIS)

Vazquez, Carlos; Hallack, Michelle; Vazquez, Miguel

2017-01-01

This paper discusses the problem of defining marginal costs when integer variables are present, in the context of short-term power auctions. Most of the proposals for price computation existing in the literature are concerned with short-term competitive equilibrium (generators should not be willing to change the dispatch assigned to them by the auctioneer), which implies operational-cost recovery for all of the generators accepted in the auction. However, this is in general not enough to choose between the different pricing schemes. We propose to include an additional criterion in order to discriminate among different pricing schemes: prices have to be also signals for generation expansion. Using this condition, we arrive to a single solution to the problem of defining prices, where they are computed as the shadow prices of the balance equations in a linear version of the unit commitment problem. Importantly, not every linearization of the unit commitment is valid; we develop the conditions for this linear model to provide adequate investment signals. Compared to other proposals in the literature, our results provide a strong motivation for the pricing scheme and a simple method for price computation. - Highlights: • Pricing proposals in power markets often deal with just accounting-cost recovery. • Including opportunity costs is an additional property required for efficient pricing. • We develop a framework to analyze the pricing proposals found in the literature. • We propose a pricing mechanism to include the costs of short-run integer decisions. • As it includes short-run opportunity costs, it provides efficient long-term signals.

Control of Discrete-Event Systems Automata and Petri Net Perspectives

CERN Document Server

Silva, Manuel; Schuppen, Jan

2013-01-01

Control of Discrete-event Systems provides a survey of the most important topics in the discrete-event systems theory with particular focus on finite-state automata, Petri nets and max-plus algebra. Coverage ranges from introductory material on the basic notions and definitions of discrete-event systems to more recent results. Special attention is given to results on supervisory control, state estimation and fault diagnosis of both centralized and distributed/decentralized systems developed in the framework of the Distributed Supervisory Control of Large Plants (DISC) project. Later parts of the text are devoted to the study of congested systems though fluidization, an over approximation allowing a much more efficient study of observation and control problems of timed Petri nets. Finally, the max-plus algebraic approach to the analysis and control of choice-free systems is also considered. Control of Discrete-event Systems provides an introduction to discrete-event systems for readers that are not familiar wi...

Clean air, clear market. Making emissions trading work: The role of a computer-assisted auction

International Nuclear Information System (INIS)

Bartels, C.W.; Marron, D.B.; Lipsky, M.I.

1993-01-01

Creating a new commodity presents the chance to develop new markets in which to trade it. In many cases, existing markets can be adapted easily; in other cases it proves worthwhile to develop new forms that reflect special characteristics of the commodity and those who trade it. In the case of the sulfur dioxide (SO 2 ) emission allowances created by the Clean Air Act Amendments of 1990, a number of standard market forms already have been adopted. While these will prove useful for handling some transactions, a new Market Clearing Auction (MCA) offers buyers and sellers a centralized marketplace for trading SO 2 emission allowances. The MCA, which was developed by the brokerage firm Cantor Fitzgerald, is a computer-assisted open-quotes smartclose quotes auction designed to replicate the outcome of an efficient market in emission allowances, and accepts bids and offers for any possible combination of allowances. Orders can be submitted for streams of allowances. Orders can be submitted for streams of allowances covering more than one year. The auction then determines the combination of bids and offers that maximizes the gains from trades in the market, and establishes uniform market clearing prices for each allowance issue (1995, 1996, and so on). Once executed, trades are settled on a cash-forward basis; that is, allowances are delivered and payments are made at future dates

Horticultural auctions in The Netherlands: A transition from 'price discovery' institution to 'marketing' institution

NARCIS (Netherlands)

Meulenberg, M.T.G.

1989-01-01

This paper depicts the evolution of Dutch auctions during the past hundred years from a "price discovery" institution to a "marketing" institution, focusing on price discovery. A conceptual framework is proposed to assess the suitablility of marketing management by agricultural marketing

Reachability analysis of real-time systems using time Petri nets.

Science.gov (United States)

Wang, J; Deng, Y; Xu, G

2000-01-01

Time Petri nets (TPNs) are a popular Petri net model for specification and verification of real-time systems. A fundamental and most widely applied method for analyzing Petri nets is reachability analysis. The existing technique for reachability analysis of TPNs, however, is not suitable for timing property verification because one cannot derive end-to-end delay in task execution, an important issue for time-critical systems, from the reachability tree constructed using the technique. In this paper, we present a new reachability based analysis technique for TPNs for timing property analysis and verification that effectively addresses the problem. Our technique is based on a concept called clock-stamped state class (CS-class). With the reachability tree generated based on CS-classes, we can directly compute the end-to-end time delay in task execution. Moreover, a CS-class can be uniquely mapped to a traditional state class based on which the conventional reachability tree is constructed. Therefore, our CS-class-based analysis technique is more general than the existing technique. We show how to apply this technique to timing property verification of the TPN model of a command and control (C2) system.

Energy system analysis of a pilot net-zero exergy district

International Nuclear Information System (INIS)

Kılkış, Şiir

2014-01-01

Highlights: • Östra Sala backe is analyzed as a pilot district for the net-zero exergy target. • An analysis tool is developed for proposing an energy system for Östra Sala backe. • A total of 8 different measures are included and integrated in the energy system. • The exergy produced on-site is 49.7 GW h, the annual exergy consumed is 54.3 GW h. • The average value of the level of exergy match in the supply and demand is 0.84. - Abstract: The Rational Exergy Management Model (REMM) provides an analytical model to curb primary energy spending and CO 2 emissions by means of considering the level of match between the grade/quality of energy resources (exergy) on the supply and demand sides. This model is useful for developing forward-looking concepts with an energy systems perspective. One concept is net-zero exergy districts, which produce as much energy at the same grade or quality as consumed on an annual basis. This paper analyzes the district of Östra Sala backe in Uppsala Municipality in Sweden as a pilot, near net-zero exergy district. The district is planned to host 20,000 people at the end of four phases. The measures that are considered include an extension of the combined heat and power based district heating and cooling network, heat pumps driven on renewable energy, district heating driven white goods, smart home automation, efficient lighting, and bioelectricity driven public transport. A REMM Analysis Tool for net-zero exergy districts is developed and used to analyze 5 scenarios based on a Net-Zero Exergy District Option Index. According to the results, a pilot concept for the first phase of the project is proposed. This integrates a mix of 8 measures considering an annual electricity load of 46.0 GW h e and annual thermal load of 67.0 GW h t . The exergy that is produced on-site with renewable energy sources is 49.7 GW h and the annual exergy consumed is 54.3 GW h. The average value of the level of match between the demand and supply of

[Design and implementation of medical instrument standard information retrieval system based on APS.NET].

Science.gov (United States)

Yu, Kaijun

2010-07-01

This paper Analys the design goals of Medical Instrumentation standard information retrieval system. Based on the B /S structure,we established a medical instrumentation standard retrieval system with ASP.NET C # programming language, IIS f Web server, SQL Server 2000 database, in the. NET environment. The paper also Introduces the system structure, retrieval system modules, system development environment and detailed design of the system.

Design Implications of Real-Time Feedback in Continuous Combinatorial Auctions: An Experimental Investigation

Science.gov (United States)

Sanyal, Pallab

2009-01-01

Information Technology (IT) has spawned the growth of novel and innovative market mechanisms (such as online auctions) and associated businesses (such as eBay and Priceline) that were not feasible without the capabilities and reach of these modern information technologies. Previous studies on designing trading mechanisms for online markets…

Equilibrium Selection with Risk Dominance in a Multiple-unit Unit Uniform Price Auction

DEFF Research Database (Denmark)

Boom, Anette

This paper uses an adapted version of the linear tracing procedure, suggested by Harsanyi and Selten (1988), in order to discriminate between two types of multiple Nash equilibria. Equilibria of the same type are pay-off equivalent in the analysed multiple-unit unit price auction where two seller...

Teaching Undergraduate Money and Banking: T-Bill Auctions and Stock Market Models

Science.gov (United States)

Saros, Daniel E.

2009-01-01

The author offers innovative approaches to 3 topics that are typically only briefly mentioned (if at all) in money and banking courses. The first topic is a Treasury bill auction experiment in which students have an opportunity to participate directly. The results from a class of 14 money and banking students are used to explain how an instructor…

New control system: net communications on VAX

International Nuclear Information System (INIS)

David, L.; Maugeais, C.

1992-01-01

The control system is made of five different types of processors: a server (VAX 3800), stations (VS4000) as setting interfaces for operators, CAMAC VANTAGE controllers, VME controllers and industrial programmable automates. These automates are treated with the IMAGIN supervision software and with the OSI communication protocol. All the processors are of the VAX family and use DECNET communication protocol on ETHERNET net. (A.B.). 3 figs

The Brazilian experience of incentive of renewable sources expansion by means of electric power auctions; A experiencia brasileira de incentivo a expansao das fontes renovaveis por meio de leiloes de energia eletrica

Energy Technology Data Exchange (ETDEWEB)

Viana, Alexandre Guedes [Camara de Comercializacao de Energia Eletrica (CCEE), Sao Paulo, SP (Brazil); Parente, Virginia [Universidade de Sao Paulo (USP), SP (Brazil)

2010-07-01

The aim of this paper is to present the Brazilian experience to encourage renewable sources of power generation through the auctions into the Regulated Environment of Contracting. These auctions are subdivided into auctions of existing plants, new plants, alternative sources and structural plants. In this process we observe the structure of the mechanism for contracting new projects of renewable sources without neglecting the low tariffs issues. Thus, the auctions of electricity in Brazil is an alternative to be considered in an attempt to group market mechanisms, low tariffs and incentives to renewable sources of generation. (author)

A Petri Net-Based Software Process Model for Developing Process-Oriented Information Systems

Science.gov (United States)

Li, Yu; Oberweis, Andreas

Aiming at increasing flexibility, efficiency, effectiveness, and transparency of information processing and resource deployment in organizations to ensure customer satisfaction and high quality of products and services, process-oriented information systems (POIS) represent a promising realization form of computerized business information systems. Due to the complexity of POIS, explicit and specialized software process models are required to guide POIS development. In this chapter we characterize POIS with an architecture framework and present a Petri net-based software process model tailored for POIS development with consideration of organizational roles. As integrated parts of the software process model, we also introduce XML nets, a variant of high-level Petri nets as basic methodology for business processes modeling, and an XML net-based software toolset providing comprehensive functionalities for POIS development.

The equivalency between logic Petri workflow nets and workflow nets.

Science.gov (United States)

Wang, Jing; Yu, ShuXia; Du, YuYue

2015-01-01

Logic Petri nets (LPNs) can describe and analyze batch processing functions and passing value indeterminacy in cooperative systems. Logic Petri workflow nets (LPWNs) are proposed based on LPNs in this paper. Process mining is regarded as an important bridge between modeling and analysis of data mining and business process. Workflow nets (WF-nets) are the extension to Petri nets (PNs), and have successfully been used to process mining. Some shortcomings cannot be avoided in process mining, such as duplicate tasks, invisible tasks, and the noise of logs. The online shop in electronic commerce in this paper is modeled to prove the equivalence between LPWNs and WF-nets, and advantages of LPWNs are presented.

The Equivalency between Logic Petri Workflow Nets and Workflow Nets

Science.gov (United States)

Wang, Jing; Yu, ShuXia; Du, YuYue

2015-01-01

Logic Petri nets (LPNs) can describe and analyze batch processing functions and passing value indeterminacy in cooperative systems. Logic Petri workflow nets (LPWNs) are proposed based on LPNs in this paper. Process mining is regarded as an important bridge between modeling and analysis of data mining and business process. Workflow nets (WF-nets) are the extension to Petri nets (PNs), and have successfully been used to process mining. Some shortcomings cannot be avoided in process mining, such as duplicate tasks, invisible tasks, and the noise of logs. The online shop in electronic commerce in this paper is modeled to prove the equivalence between LPWNs and WF-nets, and advantages of LPWNs are presented. PMID:25821845

Evolving impact of the auction houses in Turkish contemporary art market

OpenAIRE

Kaya, Güldehen

2017-01-01

There are vital institutions serving theproduction, distrubution and consumption of the contemporary art works andconstituting the value of art. One of those institutions, an Auction House, asbeing solely a commercial entity, directly affects the perception of the artvalue via pricing. However, market value is not necessarily a fair andsufficient indicator and does not necessarily correspond to the artist’s careerpath. According to the artists, the perception of value attributed by thatprice ...

Coloured Petri Nets and CPN Tools for Modelling and Validation of Concurrent Systems

DEFF Research Database (Denmark)

Jensen, Kurt; Kristensen, Lars Michael; Wells, Lisa Marie

2007-01-01

Coloured Petri Nets (CPNs) is a language for the modeling and validation og systems in which concurrency, communication, and synchronisation play a major role. Coloured Petri Nets is a descrete-event modeling language combining Petri Nets with the funcitonal programming language Standard ML. Petr...... with user-defined Standard ML functions. A license for CPN Tools can be obtained free of charge, also for commercial use....

Coloured Petri Nets

DEFF Research Database (Denmark)

Jensen, Kurt

1991-01-01

This paper describes how Coloured Petri Nets (CP-nets) have been developed — from being a promising theoretical model to being a full-fledged language for the design, specification, simulation, validation and implementation of large software systems (and other systems in which human beings and...

Experiments and simulation of a net closing mechanism for tether-net capture of space debris

Science.gov (United States)

Sharf, Inna; Thomsen, Benjamin; Botta, Eleonora M.; Misra, Arun K.

2017-10-01

This research addresses the design and testing of a debris containment system for use in a tether-net approach to space debris removal. The tether-net active debris removal involves the ejection of a net from a spacecraft by applying impulses to masses on the net, subsequent expansion of the net, the envelopment and capture of the debris target, and the de-orbiting of the debris via a tether to the chaser spacecraft. To ensure a debris removal mission's success, it is important that the debris be successfully captured and then, secured within the net. To this end, we present a concept for a net closing mechanism, which we believe will permit consistently successful debris capture via a simple and unobtrusive design. This net closing system functions by extending the main tether connecting the chaser spacecraft and the net vertex to the perimeter and around the perimeter of the net, allowing the tether to actuate closure of the net in a manner similar to a cinch cord. A particular embodiment of the design in a laboratory test-bed is described: the test-bed itself is comprised of a scaled-down tether-net, a supporting frame and a mock-up debris. Experiments conducted with the facility demonstrate the practicality of the net closing system. A model of the net closure concept has been integrated into the previously developed dynamics simulator of the chaser/tether-net/debris system. Simulations under tether tensioning conditions demonstrate the effectiveness of the closure concept for debris containment, in the gravity-free environment of space, for a realistic debris target. The on-ground experimental test-bed is also used to showcase its utility for validating the dynamics simulation of the net deployment, and a full-scale automated setup would make possible a range of validation studies of other aspects of a tether-net debris capture mission.

Threat driven modeling framework using petri nets for e-learning system.

Science.gov (United States)

Khamparia, Aditya; Pandey, Babita

2016-01-01

Vulnerabilities at various levels are main cause of security risks in e-learning system. This paper presents a modified threat driven modeling framework, to identify the threats after risk assessment which requires mitigation and how to mitigate those threats. To model those threat mitigations aspects oriented stochastic petri nets are used. This paper included security metrics based on vulnerabilities present in e-learning system. The Common Vulnerability Scoring System designed to provide a normalized method for rating vulnerabilities which will be used as basis in metric definitions and calculations. A case study has been also proposed which shows the need and feasibility of using aspect oriented stochastic petri net models for threat modeling which improves reliability, consistency and robustness of the e-learning system.

A multi-attribute yardstick auction without prior scoring

DEFF Research Database (Denmark)

Hougaard, Jens Leth; Nielsen, Kurt; Papakonstantinou, Athanasios

by reducing the principal’s articulation of his preferences to simply choosing the most preferred oer as if it was a market with posted prices. Although truthful reporting does not constitute a Nash equilibrium, we demonstrate by simulations that truth-telling may indeed be some kind of focal point....... By focusing on the initial winner in case everyone tells the truth, we show that even if the other bidders are allowed to misreport by as much as 20% of their true cost, the initial winner remains the winner in 80% of all simulated auctions in the case of 3 competing bidders. Furthermore, as it takes...

Benford’s Law and Naturally Occurring Prices in Certain ebaY Auctions

OpenAIRE

David E. Giles

2005-01-01

We show that certain the winning bids for certain ebaY auctions obey Benford’s Law. One implication of this is that it is unlikely that these bids are subject to collusion among bidders, or “shilling” on the part of sellers. Parenthetically, we also show that numbers from the naturally occurring Fibonacci and Lucas sequences also obey Benford’s Law.

Dynamics of risk management tools and auctions in the second phase of the Brazilian Electricity Market reform

International Nuclear Information System (INIS)

De Souza, Fabio Cavaliere; Legey, Luiz Fernando Loureiro

2010-01-01

In 2004, the reform of the Brazilian Electricity Market underwent a thorough revision. One of its causes was the electricity rationing that began in June 2001 and lasted until February 2002. Among other measures, the 2004 revision devised new mechanisms intended to reduce risks associated to contracts settled in electricity auctions and those related to investments in new generation plants. As 4 years have passed since the onset of the reform's revision, sufficiently enough data are now available for an analysis of the post-revision dynamics of the Brazilian Electricity Market. This is the purpose of the present paper. We focus on the dynamics of the different types of electricity auctions and on the so-called Mechanism for Compensation of Surpluses and Deficits, both created in the wake of the 2004 revision. The ultimate goal is to understand the behavior of the agents involved in auctions - notably buyers and sellers of electricity - and propose remedial actions to eliminate existing loopholes in the present regulatory framework. To achieve this goal, four steps were necessary. Firstly, a data base to support the analysis was built. Then, the main drivers of the dynamics of the risk management tools were identified. Finally, consequences of the implemented changes were discussed and corrections for observed pitfalls proposed. (author)

Existence and computation of equilibria of first-price auctions with integral valuations and bids

DEFF Research Database (Denmark)

Escamocher, Guillaume; Miltersen, Peter Bro; Santillan, Rocio

2009-01-01

We consider existence and computation of symmetric Pure Strategy Nash Equilibrium (PSNE) in single-item, sealed-bid, first-price auctions with integral valuations and bids. For the most general case, we show that existence of PSNE is NP-hard. Then, we present algorithmic results for the case...

NetWeaver for EMDS user guide (version 1.1): a knowledge base development system.

Science.gov (United States)

Keith M. Reynolds

1999-01-01

The guide describes use of the NetWeaver knowledge base development system. Knowledge representation in NetWeaver is based on object-oriented fuzzy-logic networks that offer several significant advantages over the more traditional rulebased representation. Compared to rule-based knowledge bases, NetWeaver knowledge bases are easier to build, test, and maintain because...

A cooperative power trading system based on satisfaction space technology

International Nuclear Information System (INIS)

Matsumoto, K.; Maruo, T.; Mori, N.

2006-01-01

This paper proposed a new power trading system model designed to ensure customer cooperation with power suppliers. Designed as an Internet application, the cooperative power trading system modelled power markets using a satisfaction space technology A network model of electric power trading systems was developed to create a communication network system that consisted of suppliers, customers, and auctioneers. When demand exceeded supply, the auctioneer in the trading system requested power reductions from customers. Rewards were paid to maintain the degree of satisfaction of the customers. The supplier's evaluation function was defined as a function of market price and power supply. A power reducing method was developed using a combinatorial optimization technique. Suppliers and customers submitted bids for initial power trading quantities, while the auctioneer decided a market price based on bidding values. After receiving the market price, suppliers and customers submitted a second set of bids for expected power trading quantities. A power reduction plan was then developed by the auctioneer to balance the amount of power supply and demand. The system can be applied to customers whose evaluation functions cannot be estimated beforehand, as the auctioneer was able to choose the most efficient power reduction point selected by consumers using a maximum steep slope method. Simulations conducted to validate the trading system demonstrated that the system is capable of choosing efficient energy reduction plans. 6 refs., 4 tabs., 3 figs

Solar Irradiance & On Grid Solar Power Systems with Net Metering in Pakistan

Directory of Open Access Journals (Sweden)

Haleema Qamar

2016-06-01

Full Text Available This paper presents a case study of solar irradiance and scope of on-grid solar power systems with net-metering in Pakistan. Detailed analysis of solar irradiance in Pakistan is being carried out by developing the dedicated solar excel sheets. The need of on grid solar power systems for the present energy crisis in developing countries like Pakistan is also discussed. It also presents the inclination of many countries especially USA and Europe towards it. Identification of barriers for implementing on grid net metered solar power systems in Pakistan along with solutions of these barriers is carried out.

GROUP-BUYING ONLINE AUCTION AND OPTIMAL INVENTORY POLICY IN UNCERTAIN MARKET

Institute of Scientific and Technical Information of China (English)

Jian CHEN; Yunhui LIU; Xiping SONG

2004-01-01

In this paper we consider a group-buying online auction (GBA) model for a monopolistic manufacturer selling novel products in the uncertain market. Firstly, we introduce the bidder's dominant strategy, after which we optimize the GBA price curve and the production volume together.Finally, we compare the GBA with the traditional posted pricing mechanism and find that the GBA is highly probable to be advantageous over the posted pricing mechanism in some appropriate market environments.

Dynamics of System of Systems and Applications to Net Zero Energy Facilities

Science.gov (United States)

2017-10-05

collections and applied it in a variety of ways to energy - related problems. 1. REPORT DATE (DD-MM-YYYY) 4. TITLE AND SUBTITLE 13. SUPPLEMENTARY...UU UU 05-10-2017 1-Oct-2011 30-Sep-2016 Dynamics of System of Systems and Applications to Net Zero Energy Facilities The views, opinions and/or...Research Triangle Park, NC 27709-2211 Koopman operator analysis, Energy systems REPORT DOCUMENTATION PAGE 11. SPONSOR/MONITOR’S REPORT NUMBER(S) 10

Translating Colored Control Flow Nets into Readable Java via Annotated Java Workflow Nets

DEFF Research Database (Denmark)

Lassen, Kristian Bisgaard; Tjell, Simon

2007-01-01

In this paper, we present a method for developing Java applications from Colored Control Flow Nets (CCFNs), which is a special kind of Colored Petri Nets (CPNs) that we introduce. CCFN makes an explicit distinction between the representation of: The system, the environment of the system, and the ......In this paper, we present a method for developing Java applications from Colored Control Flow Nets (CCFNs), which is a special kind of Colored Petri Nets (CPNs) that we introduce. CCFN makes an explicit distinction between the representation of: The system, the environment of the system......, and the interface between the system and the environment. Our translation maps CCFNs into Anno- tated Java Workflow Nets (AJWNs) as an intermediate step, and these AJWNs are finally mapped to Java. CCFN is intended to enforce the modeler to describe the system in an imperative manner which makes the subsequent...... translation to Java easier to define. The translation to Java preserves data dependencies and control-flow aspects of the source CCFN. This paper contributes to the model-driven software development paradigm, by showing how to model a system, environment, and their interface, as a CCFN and presenting a fully...

77 FR 69933 - Expanding the Economic and Innovation Opportunities of Spectrum Through Incentive Auctions

Science.gov (United States)

2012-11-21

... (MVPDs) so that MVPDs can make the necessary changes to their channel lineups. The NPRM adopts the... design elements: (1) Bid collection procedures that determine how bids in the auction are gathered, (2) assignment procedures that determine which bids are accepted, and (3) pricing procedures that determine what...

Bid Regulations in a Multi-unit Uniform Price Auction

DEFF Research Database (Denmark)

Boom, Anette

for larger rms does not guarantee market prices below that cap. A suffciently high bid floor only for smaller firms destroys some or all pure strategy equilibria despite their prices being above the bid floor. With a general bid floor this happens only with considerably higher bid floors.......This paper examines the effect of bid regulations on the range of potential equilibrium prices in a multi-unit uniform price auction with heterogenous bidders. General bid caps destroy equilibria with prices above the bid cap and create new equilibria with prices way below the cap. A cap only...

Price Regulations in a Multi-unit Uniform Price Auction

DEFF Research Database (Denmark)

Boom, Anette

not exceed the price cap whereas a selective bid cap for only the larger firms, does not guarantee this outcome. A sufficiently high bid floor always destroys pure strategy equilibria with equilibrium prices above the marginal costs, no matter whether the floor applies to all or only to relatively small......Inspired by recent regulations in the New York ICAP market we examine the effect of different price regulations on a multi-unit uniform price auction. We investigate a bid cap and a bid foor. Given suffciently high total capacities general bid caps always ensure that the market price does...

Price Regulations in a Multi-unit Uniform Price Auction

DEFF Research Database (Denmark)

Boom, Anette

Inspired by recent regulations in the New York ICAP market we examine the effect of different price regulations on a multi-unit uniform price auction. We investigate a bid cap and a bid foor. Given suffciently high total capacities general bid caps always ensure that the market price does...... not exceed the price cap whereas a selective bid cap for only the larger firms, does not guarantee this outcome. A sufficiently high bid floor always destroys pure strategy equilibria with equilibrium prices above the marginal costs, no matter whether the floor applies to all or only to relatively small...

Geographic information systems - transportation ISTEA management systems server net prototype pooled fund study : phase B - summary

Science.gov (United States)

1997-06-01

The Geographic Information System-Transportation (GIS-T) ISTEA Management Systems Server Net Prototype Pooled Fund Study represents the first national cooperative effort in the transportation industry to address the management and monitoring systems ...

Research and realization of info-net security controlling system

Science.gov (United States)

Xu, Tao; Zhang, Wei; Li, Xuhong; Wang, Xia; Pan, Wenwen

2017-03-01

The thesis introduces some relative concepts about Network Cybernetics, and we design and realize a new info-net security controlling system based on Network Cybernetics. The system can control the endpoints, safely save files, encrypt communication, supervise actions of users and show security conditions, in order to realize full-scale security management. At last, we simulate the functions of the system. The results show, the system can ensure the controllability of users and devices, and supervise them real-time. The system can maximize the security of the network and users.

Distinguishing Environment and System in Coloured Petri Net Models of Reactive Systems

DEFF Research Database (Denmark)

Tjell, Simon

2007-01-01

This paper introduces and formally defines the environment-and-system-partitioned property for behavioral models of reactive systems expressed in the formal modeling language Coloured Petri Net. The purpose of the formalization is to make it possible to automatically validate any CPN model...... with respect to this property based on structural analysis. A model has the environment-and-system-partitioned property if it is based on a clear division between environment and system. This division is important in many model-driven approaches to software development such as model-based testing and automated...

Modeling and Simulation of Multi-scale Environmental Systems with Generalized Hybrid Petri Nets

Directory of Open Access Journals (Sweden)

Mostafa eHerajy

2015-07-01

Full Text Available Predicting and studying the dynamics and properties of environmental systems necessitates the construction and simulation of mathematical models entailing different levels of complexities. Such type of computational experiments often require the combination of discrete and continuous variables as well as processes operating at different time scales. Furthermore, the iterative steps of constructing and analyzing environmental models might involve researchers with different background. Hybrid Petri nets may contribute in overcoming such challenges as they facilitate the implementation of systems integrating discrete and continuous dynamics. Additionally, the visual depiction of model components will inevitably help to bridge the gap between scientists with distinct expertise working on the same problem. Thus, modeling environmental systems with hybrid Petri nets enables the construction of complex processes while keeping the models comprehensible for researchers working on the same project with significantly divergent education path. In this paper we propose the utilization of a special class of hybrid Petri nets, Generalized Hybrid Petri Nets (GHPN, to model and simulate environmental systems exposing processes interacting at different time-scales. GHPN integrate stochastic and deterministic semantics as well as other types of special basic events. Moreover, a case study is presented to illustrate the use of GHPN in constructing and simulating multi-timescale environmental scenarios.

Adaptive Sniping for Volatile and Stable Continuous Double Auction Markets

Science.gov (United States)

Toft, I. E.; Bagnall, A. J.

This paper introduces a new adaptive sniping agent for the Continuous Double Auction. We begin by analysing the performance of the well known Kaplan sniper in two extremes of market conditions. We generate volatile and stable market conditions using the well known Zero Intelligence-Constrained agent and a new zero-intelligence agent Small Increment (SI). ZI-C agents submit random but profitable bids/offers and cause high volatility in prices and individual trader performance. Our new zero-intelligence agent, SI, makes small random adjustments to the outstanding bid/offer and hence is more cautious than ZI-C. We present results for SI in self-play and then analyse Kaplan in volatile and stable markets. We demonstrate that the non-adaptive Kaplan sniper can be configured to suit either market conditions, but no single configuration is performs well across both market types. We believe that in a dynamic auction environment where current or future market conditions cannot be predicted a viable sniping strategy should adapt its behaviour to suit prevailing market conditions. To this end, we propose the Adaptive Sniper (AS) agent for the CDA. AS traders classify sniping opportunities using a statistical model of market activity and adjust their classification thresholds using a Widrow-Hoff adapted search. Our AS agent requires little configuration, and outperforms the original Kaplan sniper in volatile and stable markets, and in a mixed trader type scenario that includes adaptive strategies from the literature.

Game Coloured Petri Nets

DEFF Research Database (Denmark)

Westergaard, Michael

2006-01-01

This paper introduces the notion of game coloured Petri nets. This allows the modeler to explicitly model what parts of the model comprise the modeled system and what parts are the environment of the modeled system. We give the formal definition of game coloured Petri nets, a means of reachability...... analysis of this net class, and an application of game coloured Petri nets to automatically generate easy-to-understand visualizations of the model by exploiting the knowledge that some parts of the model are not interesting from a visualization perspective (i.e. they are part of the environment...

Time Extensions of Petri Nets for Modelling and Verification of Hard Real-Time Systems

Directory of Open Access Journals (Sweden)

Tomasz Szmuc

2002-01-01

Full Text Available The main aim ofthe paper is a presentation of time extensions of Petri nets appropriate for modelling and analysis of hard real-time systems. It is assumed, that the extensions must provide a model of time flow an ability to force a transition to fire within a stated timing constraint (the so-called the strong firing rule, and timing constraints represented by intervals. The presented survey includes extensions of classical Place/Transition Petri nets, as well as the ones applied to high-level Petri nets. An expressiveness of each time extension is illustrated using simple hard real-time system. The paper includes also a brief description of analysis and veryication methods related to the extensions, and a survey of software tools supporting modelling and analysis ofthe considered Petri nets.

77 FR 59431 - Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing of Advance...

Science.gov (United States)

2012-09-27

... with what would be expected given the strong negative correlation that exists between changes in... a price for the entire auction portfolio, and may be either positive or negative. (Negative bids imply an auction portfolio that has a negative net asset value and indicate how much the Corporation...

Simulating the hydrodynamic response of a floater–net system in current and waves

DEFF Research Database (Denmark)

Chen, Hao; Christensen, Erik Damgaard

2018-01-01

We present a novel numerical model for simulating current and wave interaction with a floater–net system. The main contribution of the paper is the integration of the floater motion and the fluid–structure interaction analysis of the net structure in the same modelling framework via the computati...

System of failures diagnosis for energy transmission systems, using Petri nets

International Nuclear Information System (INIS)

Zapata, German; Grisales, John Faber; Gomez, Juan Camilo; Quintero Henao, Luis Fernando

2005-01-01

An expert system of second generation was used integrating the inverse Petri nets (RPN) and the systems based on rules (rule-based system) for the accomplishment of a program in Visual Basic that helps in the obtaining of an opportune and fast analysis of transmission of energy at the time of happening a fault in anymore of its components (line or bus). The program is proven in a portion of system IEEE -118 standard bus test system, in which two extracted cases of literature are developed and are the obtained results. Finally tests realized with the method developed in the laboratory of machines of the national university of Colombia, Medellin campus, simulating a system of transmission with two lines and two buses

A Petri Net Definition of a System Description Language

DEFF Research Database (Denmark)

Jensen, Kurt; Kyng, Morten; Madsen, Ole Lehrmann

1979-01-01

This paper introduces a language for the description of systems with concurrency, and presents a formal definition of its semantics. The language is based on Delta and the semantic model is an extension of Petri nets with a data part and with expressions attached to transitions and to places....

INMARSAT-C SafetyNET

Science.gov (United States)

Tsunamis 406 EPIRB's National Weather Service Marine Forecasts INMARSAT-C SafetyNET Marine Forecast Offices greater danger near shore or any shallow waters? NATIONAL WEATHER SERVICE PRODUCTS VIA INMARSAT-C SafetyNET Inmarsat-C SafetyNET is an internationally adopted, automated satellite system for promulgating

Modeling of system reliability Petri nets with aging tokens

International Nuclear Information System (INIS)

Volovoi, V.

2004-01-01

The paper addresses the dynamic modeling of degrading and repairable complex systems. Emphasis is placed on the convenience of modeling for the end user, with special attention being paid to the modeling part of a problem, which is considered to be decoupled from the choice of solution algorithms. Depending on the nature of the problem, these solution algorithms can include discrete event simulation or numerical solution of the differential equations that govern underlying stochastic processes. Such modularity allows a focus on the needs of system reliability modeling and tailoring of the modeling formalism accordingly. To this end, several salient features are chosen from the multitude of existing extensions of Petri nets, and a new concept of aging tokens (tokens with memory) is introduced. The resulting framework provides for flexible and transparent graphical modeling with excellent representational power that is particularly suited for system reliability modeling with non-exponentially distributed firing times. The new framework is compared with existing Petri-net approaches and other system reliability modeling techniques such as reliability block diagrams and fault trees. The relative differences are emphasized and illustrated with several examples, including modeling of load sharing, imperfect repair of pooled items, multiphase missions, and damage-tolerant maintenance. Finally, a simple implementation of the framework using discrete event simulation is described

Decision-Oriented Project Ranking for Asset Management System: Rail Net Denmark

DEFF Research Database (Denmark)

Salling, Kim Bang; Moshøj, Claus Rehfeld; Timm, Henrik

2007-01-01

is to apply a modified project ranking methodology: Asset Management System Priority Module (AMS-PM), which is a practical tool for assessing and ranking various project proposals in a straightforward manner. The methodology is set-out by a multi-criteria approach where weights are applied ultimately...... resulting in priority indices for the state-of-repair data. This paper is disposed as follows; firstly, a description of the Asset Management system is set-up including an overview of the state-of-repair data and the case study. Secondly, is the AMS-PM software model implemented through an exploratory case......The Danish rail net operator, Rail Net Denmark, has through the past years built up an Asset Management system, containing a certain percentile of all the company’s assets. This paper contains an elaborate overview on how to strengthen the system seen from a decision-support perspective. The focus...

Relative willingness to pay and surplus comparison mechanism in experimental auctions

OpenAIRE

COMBRIS Pierre; SEABRA PINTO Alexandra; GIRAUD HERAUD Eric

2015-01-01

We study the relative willingness-to-pay (WTP) of consumers according to the diversity of supply in a market and we show how the presence of substitutes for a given product leads to question the incentive mechanisms commonly used in experimental auctions. We propose a Surplus Comparison Mechanism (SCM) in order to yield WTP estimates which better take into account the choice set available to consumers. After showing the efficiency of this mechanism we test the SCM in a laboratory experiment, ...

Efficiency of financial transmission rights markets in centrally coordinated periodic auctions

International Nuclear Information System (INIS)

Adamson, Seabron; Noe, Thomas; Parker, Geoffrey

2010-01-01

Electricity market design in the United States is increasingly dominated by locational marginal pricing (LMP) of energy and transmission. LMP markets are typically coupled with periodic auctions of financial transmission rights (FTRs) to hedge transmission price risks. While LMP designs offer considerable advantages, forward price discovery in these markets requires participants to form efficient expectations on spot congestion price differences. In this paper, we examine trends in the efficiency of one of the early LMP markets, the New York Independent System Operator (NYISO), analyzing a panel data set of over 9000 contracts over a six-year period beginning September 2000. We show that NYISO FTR markets were inefficient in their early years, but that market participants learned to predict forward prices and thus efficiency improved for FTRs not solely within the New York City/Long Island sub-region. FTRs within this sub-region, which has a number of special characteristics, remain relatively inefficient. (author)

Reliability modelling of repairable systems using Petri nets and fuzzy Lambda-Tau methodology

International Nuclear Information System (INIS)

Knezevic, J.; Odoom, E.R.

2001-01-01

A methodology is developed which uses Petri nets instead of the fault tree methodology and solves for reliability indices utilising fuzzy Lambda-Tau method. Fuzzy set theory is used for representing the failure rate and repair time instead of the classical (crisp) set theory because fuzzy numbers allow expert opinions, linguistic variables, operating conditions, uncertainty and imprecision in reliability information to be incorporated into the system model. Petri nets are used because unlike the fault tree methodology, the use of Petri nets allows efficient simultaneous generation of minimal cut and path sets

Auction based spectrum management of cognitive radio networks

DEFF Research Database (Denmark)

Chang, H. B.; Chen, K.-C.; Prasad, Ramjee

2009-01-01

(PS-MSs), and we therefore construct a cognitive radio network (CRN) consisting of a PRN with multiple CR-MSs. We propose a spectrum management policy framework such that CR-MSs can compete in utilization of the PRN spectrum bands available to opportunistic transmission of CR-MSs by Vickrey auction...... to the PRN, the overall spectrum utilization, the profit of the service provider, the spectrum access opportunity of the CR-MSs are increased to achieve cowin situation for every party in cognitive radio networks.......Cognitive radio (CR) technology is considered as an effective solution to enhance overall spectrum efficiency, especially primary radio network (PRN) typically having relatively low spectrum utilization. However, to realize CR concept, it is essential to provide enough incentives to PRN and extra...

77 FR 25522 - Self-Regulatory Organizations; Fixed Income Clearing Corporation; Order Approving Proposed Rule...

Science.gov (United States)

2012-04-30

... trades with final money calculations on the night of Auction Date, after the Treasury auction results... end of day netting process. However, when Interactive Messaging was implemented in 2000, this... efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). \\9\\ 17 CFR 200.30-3(a)(12). For the...

Understanding Net Zero Energy Buildings

DEFF Research Database (Denmark)

Salom, Jaume; Widén, Joakim; Candanedo, José

2011-01-01

Although several alternative definitions exist, a Net-Zero Energy Building (Net ZEB) can be succinctly described as a grid-connected building that generates as much energy as it uses over a year. The “net-zero” balance is attained by applying energy conservation and efficiency measures...... and by incorporating renewable energy systems. While based on annual balances, a complete description of a Net ZEB requires examining the system at smaller time-scales. This assessment should address: (a) the relationship between power generation and building loads and (b) the resulting interaction with the power grid...

Model-Based Testing of a Reactive System with Coloured Petri Nets

DEFF Research Database (Denmark)

Tjell, Simon

2006-01-01

In this paper, a reactive and nondeterministic system is tested. This is doneby applying a generic model that has been specified as a configurable Coloured PetriNet. In this way, model-based testing is possible for a wide class of reactive system atthe level of discrete events. Concurrently...

Petri Nets

Indian Academy of Sciences (India)

GENERAL I ARTICLE ... In Part 1 of this two-part article, we have seen im- ..... mable logic controller and VLSI arrays, office automation systems, workflow management systems, ... complex discrete event and real-time systems; and Petri nets.

Price effects of sovereign debt auctions in the euro-zone: the role of the crisis

NARCIS (Netherlands)

Beetsma, R.; Giuliodori, M.; de Jong, F.; Widijanto, D.

2016-01-01

We show that new public debt issues cause an auction cycle for Italian secondary-market debt, but not for German debt. The cycle is mainly observed for the crisis period since mid-2007 and is larger when the crisis, as measured by yield volatility and CDS spreads of primary dealers, is more intense.

Price effects of sovereign debt auctions in the Euro-zone : The role of the crisis

NARCIS (Netherlands)

Beetsma, R.M.W.J.; Giuliodori, M.; de Jong, F.C.J.M.; Widijanto, D.

We show that new public debt issues cause an auction cycle for Italian secondary-market debt, but not for German debt. The cycle is mainly observed for the crisis period since mid-2007 and is larger when the crisis, as measured by yield volatility and CDS spreads of primary dealers, is more intense.

NetCDF based data archiving system applied to ITER Fast Plant System Control prototype

International Nuclear Information System (INIS)

Castro, R.; Vega, J.; Ruiz, M.; De Arcas, G.; Barrera, E.; López, J.M.; Sanz, D.; Gonçalves, B.; Santos, B.; Utzel, N.; Makijarvi, P.

2012-01-01

Highlights: ► Implementation of a data archiving solution for a Fast Plant System Controller (FPSC) for ITER CODAC. ► Data archiving solution based on scientific NetCDF-4 file format and Lustre storage clustering. ► EPICS control based solution. ► Tests results and detailed analysis of using NetCDF-4 and clustering technologies on fast acquisition data archiving. - Abstract: EURATOM/CIEMAT and Technical University of Madrid (UPM) have been involved in the development of a FPSC (Fast Plant System Control) prototype for ITER, based on PXIe (PCI eXtensions for Instrumentation). One of the main focuses of this project has been data acquisition and all the related issues, including scientific data archiving. Additionally, a new data archiving solution has been developed to demonstrate the obtainable performances and possible bottlenecks of scientific data archiving in Fast Plant System Control. The presented system implements a fault tolerant architecture over a GEthernet network where FPSC data are reliably archived on remote, while remaining accessible to be redistributed, within the duration of a pulse. The storing service is supported by a clustering solution to guaranty scalability, so that FPSC management and configuration may be simplified, and a unique view of all archived data provided. All the involved components have been integrated under EPICS (Experimental Physics and Industrial Control System), implementing in each case the necessary extensions, state machines and configuration process variables. The prototyped solution is based on the NetCDF-4 (Network Common Data Format) file format in order to incorporate important features, such as scientific data models support, huge size files management, platform independent codification, or single-writer/multiple-readers concurrency. In this contribution, a complete description of the above mentioned solution is presented, together with the most relevant results of the tests performed, while focusing in the

Liquidity Shocks, Market Maker Turnover, and Bidding Behavior in Treasury Auctions

DEFF Research Database (Denmark)

Gonzalez-Eiras, Martin; Rudiger, Jesper

2017-01-01

aggressively. They also bid more aggressively for existing securities that are reissued when the regulation tightens the requirements for secondary market participation. Consistent with regulations which imply that auctioned securities are not a prime source of liquidity, we find that banks which face...... liquidity needs bid less aggressively for them. A novel implication of our results is that in institutional settings that feature turnover of market makers, bidding behavior should be modeled in a dynamic setting. We introduce a dynamic model and show that static estimates over-predict true valuations when...

Assessment of the Electrification of the Road Transport Sector on Net System Emissions

Science.gov (United States)

Miller, James

As worldwide environmental consciousness grows, electric vehicles (EVs) are becoming more common and despite the incredible potential for emissions reduction, the net emissions of the power system supply side plus the transportation system are dependent on the generation matrix. Current EV charging patterns tend to correspond directly with the peak consumption hours and have the potential to increase demand sharply allowing for only a small penetration of Electric Vehicles. Using the National Household Travel Survey (NHTS) data a model is created for vehicle travel patterns using trip chaining. Charging schemes are modeled to include uncontrolled residential, uncontrolled residential/industrial charging, optimized charging and optimized charging with vehicle to grid discharging. A charging profile is then determined based upon the assumption that electric vehicles would directly replace a percentage of standard petroleum-fueled vehicles in a known system. Using the generation profile for the specified region, a unit commitment model is created to establish not only the generation dispatch, but also the net CO2 profile for variable EV penetrations and charging profiles. This model is then used to assess the impact of the electrification of the road transport sector on the system net emissions.

Auction approaches of long-term contracts to ensure generation investment in electricity markets: Lessons from the Brazilian and Chilean experiences

International Nuclear Information System (INIS)

Moreno, R.; Barroso, L.A.; Rudnick, H.; Mocarquer, S.; Bezerra, B.

2010-01-01

The implementation of auctions of long-term electricity contracts is arising as an alternative to ensure generation investment and therefore achieve a reliable electricity supply. The aim is to reconcile generation adequacy with efficient energy purchase, correct risk allocation among investors and consumers, and the politico-economic environment of the country. In this paper, a generic proposal for a long-term electricity contracts approach is made, including practical design concepts for implementation. This proposal is empirically derived from the auctions implemented in Brazil and Chile during the last 6 years. The study is focused on practices and lessons which are especially useful for regulators and policy makers that want to facilitate the financing of new desirable power plants in risky environments and also efficiently allocate supply contracts among investors at competitive prices. Although this mechanism is generally seen as a significant improvement in market regulation, there are questions and concerns on auction performance that require careful design and which are identified in this paper. In addition, the experiences and proposal described can serve to derive further mechanisms in order to promote the entrance of particular generation technologies, e.g. renewables, in the developed world and therefore achieve a clean electricity supply.

Aspects regarding at 13C isotope separation column control using Petri nets system

International Nuclear Information System (INIS)

Boca, M L; Ciortea, M E

2015-01-01

This paper is intended to show that Petri nets can be also applicable in the chemical industry. It used linear programming, modeling underlying Petri nets, especially discrete event systems for isotopic separation, the purpose of considering and control events in real-time through graphical representations. In this paper it is simulate the control of 13 C Isotope Separation column using Petri nets. The major problem with 13 C comes from the difficulty of obtaining it and raising its natural fraction. Carbon isotopes can be obtained using many methods, one of them being the cryogenic distillation of carbon monoxide. Some few aspects regarding operating conditions and the construction of such cryogenic plants are known today, and even less information are available as far as the separation process modeling and control are concerned. In fact, the efficient control of the carbon monoxide distillation process represents a necessity for large-scale 13 C production. Referring to a classic distillation process, some models for carbon isotope separation have been proposed, some based on mass, component and energy balance equations, some on the nonlinear wave theory or the Cohen equations. For modeling the system it was used Petri nets because in this case it is deal with discrete event systems. In use of the non-timed and with auxiliary times Petri model, the transport stream was divided into sections and these sections will be analyzed successively. Because of the complexity of the system and the large amount of calculations required it was not possible to analyze the system as a unitary whole. A first attempt to model the system as a unitary whole led to the blocking of the model during simulation, because of the large processing times. (paper)

Reliability Analysis of Core Protection Calculator System by Combining Petri Net and Fault Tree

International Nuclear Information System (INIS)

Kim, Hyejin; Kim, Jonghyun

2013-01-01

This paper proposes an approach to analyzing the reliability of digital systems by combining Petri net (PN) and Fault tree. The Petri net allows modeling event dependencies and interaction, to represent the time sequence, and to model assumptions for dynamic events. The Petri net model can be straightforwardly transformed to fault tree using the gate. Then, the FT can be integrated into the existing PSA. This paper applies the approach to the reliability analysis of Core Protection Calculator System (CPCS). Digital technology is replacing the analog instrumentation and control (I and C) systems in both new and upgraded nuclear power plants. As digital systems are introduced to nuclear power plants, issues related with reliability analyses of these digital systems are being raised. One of these issues is that static fault tree (FT) and event tree (ET) approach cannot properly account for dynamic interactions in the digital systems, such as multiple top events, logic loops and time delay. Many methods have been proposed to solve the problems, but there is no single method that is universally accepted for the application to the current generation probabilistic safety analysis (PSA)

Reliability Analysis of Core Protection Calculator System by Combining Petri Net and Fault Tree

Energy Technology Data Exchange (ETDEWEB)

Kim, Hyejin; Kim, Jonghyun [KEPCO International Nuclear Graduate School, Ulsan (Korea, Republic of)

2013-10-15

This paper proposes an approach to analyzing the reliability of digital systems by combining Petri net (PN) and Fault tree. The Petri net allows modeling event dependencies and interaction, to represent the time sequence, and to model assumptions for dynamic events. The Petri net model can be straightforwardly transformed to fault tree using the gate. Then, the FT can be integrated into the existing PSA. This paper applies the approach to the reliability analysis of Core Protection Calculator System (CPCS). Digital technology is replacing the analog instrumentation and control (I and C) systems in both new and upgraded nuclear power plants. As digital systems are introduced to nuclear power plants, issues related with reliability analyses of these digital systems are being raised. One of these issues is that static fault tree (FT) and event tree (ET) approach cannot properly account for dynamic interactions in the digital systems, such as multiple top events, logic loops and time delay. Many methods have been proposed to solve the problems, but there is no single method that is universally accepted for the application to the current generation probabilistic safety analysis (PSA)

Programming NET Web Services

CERN Document Server

Ferrara, Alex

2007-01-01

Web services are poised to become a key technology for a wide range of Internet-enabled applications, spanning everything from straight B2B systems to mobile devices and proprietary in-house software. While there are several tools and platforms that can be used for building web services, developers are finding a powerful tool in Microsoft's .NET Framework and Visual Studio .NET. Designed from scratch to support the development of web services, the .NET Framework simplifies the process--programmers find that tasks that took an hour using the SOAP Toolkit take just minutes. Programming .NET

Overpower transient in the first wall cooling system of NET/ITER

International Nuclear Information System (INIS)

Komen, E.M.J.; Koning, H.

1993-09-01

The overpower transient from a plasma power excursion. The overpower transient considered in this report results from a postulated linear increase of the plasma power from the nominal generated power to four times this nominal power in 30 s. The Next European Torus (NET) design or the International Thermonuclear Experimental Reactor (ITER) design will be cooled by a number of separate cooling systems. The most important cooling systems are: The first wall cooling system, the blanket cooling system, the divertor cooling system, and the shield cooling system. In this report, the thermal-hydraulic analysis of the above-mentioned overpower transient will be presented for the first wall cooling system of NET/ITER. During overpower transients, the fusion power will increase to less than four times the nominal power. For this reason, the overpower transient considered in this report is the worst case scenario. The analysis of the thermal-hydraulic system behaviour during the considered overpower transient has been performed for a coolant temperature of 333 K (60 C) in the first wall inlet manifolds and 433 K (160 C) in the first wall outlet manifolds. The analysis has been performed using the thermal-hydraulic system analysis code RELAP5/MOD3. In the analysis, special attention has been paid to the transient thermal-hydraulic behaviour of the cooling system and the temperature development in the first wall. (orig.)

NetView technical research

Science.gov (United States)

1993-01-01

This is the Final Technical Report for the NetView Technical Research task. This report is prepared in accordance with Contract Data Requirements List (CDRL) item A002. NetView assistance was provided and details are presented under the following headings: NetView Management Systems (NMS) project tasks; WBAFB IBM 3090; WPAFB AMDAHL; WPAFB IBM 3084; Hill AFB; McClellan AFB AMDAHL; McClellan AFB IBM 3090; and Warner-Robins AFB.

Biological Petri Nets

CERN Document Server

Wingender, E

2011-01-01

It was suggested some years ago that Petri nets might be well suited to modeling metabolic networks, overcoming some of the limitations encountered by the use of systems employing ODEs (ordinary differential equations). Much work has been done since then which confirms this and demonstrates the usefulness of this concept for systems biology. Petri net technology is not only intuitively understood by scientists trained in the life sciences, it also has a robust mathematical foundation and provides the required degree of flexibility. As a result it appears to be a very promising approach to mode

76 FR 21350 - Auction of 700 MHz Band Licenses Scheduled for July 19, 2011; Notice and Filing Requirements...

Science.gov (United States)

2011-04-15

... notices pertaining to this auction. ii. Prohibited Communications and Compliance With Antitrust Laws To... result in enforcement action. h. Antitrust Laws 24. Applicants are also reminded that, regardless of compliance with the Commission's rules, they remain subject to the antitrust laws, which are designed to...

Estimating the impact of various menu labeling formats on parents' demand for fast-food kids' meals for their children: An experimental auction.

Science.gov (United States)

Hobin, Erin; Lillico, Heather; Zuo, Fei; Sacco, Jocelyn; Rosella, Laura; Hammond, David

2016-10-01

This study experimentally tested whether parents' demand for fast-food kids' meals for their children is influenced by various menu labeling formats disclosing calorie and sodium information. The study also examined the effect of various menu labeling formats on parents' ability to identify fast-food kids' meals with higher calorie and sodium content. Online surveys were conducted among parents of children aged 3-12. Parents were randomized to view 1 of 5 menu conditions: 1) No Nutrition Information; 2) Calories-Only; 3) Calories + Contextual Statement (CS); 4) Calories, Sodium, + CS; and, 5) Calorie and Sodium in Traffic Lights + CS. Using an established experimental auction study design, parents viewed replicated McDonald's menus according to their assigned condition and were asked to bid on 4 Happy Meals. A randomly selected price was chosen; bids equal to or above this price "won" the auction, and bids less than this price "lost" the auction. After the auction, participants were asked to identify the Happy Meal with the highest calories and sodium content. Adjusting for multiple comparisons and covariates, the Calories, Sodium, + CS menu had a mean attributed value across all 4 Happy Meals which was 8% lower (-$0.31) than the Calories + CS menu (p < 0.05). Significantly more parents in the 4 menu conditions providing calories were able to correctly identify the Happy Meal with the highest calories (p < 0.0001) and significantly more parents in the 2 conditions providing sodium information were able to correctly identify the Happy Meal with the highest sodium content (p < 0.0001). Menus disclosing both calories and sodium information may reduce demand for fast-food kids' meals and better support parents in making more informed and healthier food choices for their children. Copyright © 2016. Published by Elsevier Ltd.

76 FR 78645 - Auction of FM Broadcast Construction Permits Scheduled for March 27, 2012; Notice and Filing...

Science.gov (United States)

2011-12-19

... in media of mass communications, may cause diminishment or loss of the bidding credit, and must be... the New Entrant Bidding Credit will be unavailable in Auction 93. 55. A medium of mass communications... and non-reserved channels, are included among media of mass communications as defined in 47 CFR 73...

Initial CAD investigations for NET

International Nuclear Information System (INIS)

Katz, F.; Leinemann, K.; Ludwig, A.; Marek, U.; Olbrich, W.; Schlechtendahl, E.G.

1985-11-01

This report summarizes the work done under contract no. 164/84-7/FU-D-/NET between the Commission of the European Communities and KfK during the period from June 1, 1984, through May 31, 1985. The following topics are covered in this report: Initial modelling of NET version NET2A, CAD system extension for remote handling studies, analysis of the CAD information structure, work related to the transfer of CAD information between KfK and the NET team. (orig.) [de

Increased light-use efficiency sustains net primary productivity of shaded coffee plants in agroforestry system.

Science.gov (United States)

Charbonnier, Fabien; Roupsard, Olivier; le Maire, Guerric; Guillemot, Joannès; Casanoves, Fernando; Lacointe, André; Vaast, Philippe; Allinne, Clémentine; Audebert, Louise; Cambou, Aurélie; Clément-Vidal, Anne; Defrenet, Elsa; Duursma, Remko A; Jarri, Laura; Jourdan, Christophe; Khac, Emmanuelle; Leandro, Patricia; Medlyn, Belinda E; Saint-André, Laurent; Thaler, Philippe; Van Den Meersche, Karel; Barquero Aguilar, Alejandra; Lehner, Peter; Dreyer, Erwin

2017-08-01

In agroforestry systems, shade trees strongly affect the physiology of the undergrown crop. However, a major paradigm is that the reduction in absorbed photosynthetically active radiation is, to a certain extent, compensated by an increase in light-use efficiency, thereby reducing the difference in net primary productivity between shaded and non-shaded plants. Due to the large spatial heterogeneity in agroforestry systems and the lack of appropriate tools, the combined effects of such variables have seldom been analysed, even though they may help understand physiological processes underlying yield dynamics. In this study, we monitored net primary productivity, during two years, on scales ranging from individual coffee plants to the entire plot. Absorbed radiation was mapped with a 3D model (MAESPA). Light-use efficiency and net assimilation rate were derived for each coffee plant individually. We found that although irradiance was reduced by 60% below crowns of shade trees, coffee light-use efficiency increased by 50%, leaving net primary productivity fairly stable across all shade levels. Variability of aboveground net primary productivity of coffee plants was caused primarily by the age of the plants and by intraspecific competition among them (drivers usually overlooked in the agroforestry literature) rather than by the presence of shade trees. © 2017 John Wiley & Sons Ltd.

78 FR 24404 - Auction of Lower and Upper Paging Band Licenses Scheduled for July 16, 2013; Notice of Filing...

Science.gov (United States)

2013-04-25

... impermissible subject matters because they may convey pricing information and bidding strategies. Compliance... communicating with each other about bids, bidding strategies, or settlements unless such applicants have... strategy. In some instances, this prohibition extends to communications regarding the post-auction market...

High-level Petri Nets

DEFF Research Database (Denmark)

various journals and collections. As a result, much of this knowledge is not readily available to people who may be interested in using high-level nets. Within the Petri net community this problem has been discussed many times, and as an outcome this book has been compiled. The book contains reprints...... of some of the most important papers on the application and theory of high-level Petri nets. In this way it makes the relevant literature more available. It is our hope that the book will be a useful source of information and that, e.g., it can be used in the organization of Petri net courses. To make......High-level Petri nets are now widely used in both theoretical analysis and practical modelling of concurrent systems. The main reason for the success of this class of net models is that they make it possible to obtain much more succinct and manageable descriptions than can be obtained by means...

Legally separated joint ownership of bidder and auctioneer: illustrated by the partial deregulation of the EU electricity markets

Czech Academy of Sciences Publication Activity Database

van Koten, Silvester

-, č. 346 (2007), s. 1-47 ISSN 1211-3298 R&D Projects: GA MŠk LC542 Institutional research plan: CEZ:AV0Z70850503 Keywords : asymmetric auctions * bid ding behavior * electricity markets Subject RIV: AH - Economics http://www.cerge-ei.cz/pdf/wp/Wp346.pdf

77 FR 33097 - Application To Participate in an Auction for Mobility Fund Phase I Support and Application for...

Science.gov (United States)

2012-06-05

... America Fund & Intercarrier Compensation Reform Order (Order), FCC 11-161 and a Bureau Order, DA 12-147...-147] Application To Participate in an Auction for Mobility Fund Phase I Support and Application for Mobility Fund Phase I Support AGENCY: Federal Communications Commission. ACTION: Final rule; announcement...

75 FR 38545 - Notice of Realty Action: Competitive Auction of Public Lands in White Pine County, NV

Science.gov (United States)

2010-07-02

... DEPARTMENT OF THE INTERIOR Bureau of Land Management [LLNVL01000 L14300000.EU0000 241A; N-86667; 10-08807; MO 4500012445; TAS: 14X5232] Notice of Realty Action: Competitive Auction of Public Lands..., cashier's check, certified check or U.S. postal money order, or any combination thereof, and made payable...

Challenges in managing freshwater fishery resource through Lebak Lebung Auction approach: a case study in Pangkalan Lampam District Ogan Komering Ilir Regency

Science.gov (United States)

Muslimin, B.; Suadi

2018-03-01

Responsible management of fishery resources has been a tradition of Ogan Komering Ilir (OKI) of South Sumatera for generations. It was recorded that since 1630 the Dutch Government had made auction policy for managing water territory in OKI Regency as an effort to preserve nature and to avoid the conflict of inland water ownership. Currently, the community-based management model has been adopted by local governments into formal regulations, known as Regional Regulation on Auction of Flood Water Swamp and Rivers (Lelang Lebak Lebung dan Sungai or L3S). This paper describes the success factors and the threats for the failure of the L3S management model in OKI Regency, based on a case study in Pangkalan Lampam District. The study showed that the management mechanism through the L3S system had been well instituted and become a well-established management practice. The management model is in line with the principle of co-management and the approach has become critical success factor in L3S management. However, ecological, economic and social aspects influence the sustainability of such fishery management model. Besides, L3S management model faces limited data and information related to fish stocks, which result in difficulties in determining the total allowable catch.

NET in-vessel vehicle system

International Nuclear Information System (INIS)

Jones, H.

1991-02-01

The CFFTP/Spar In-vessel Vehicle System concept for in-vessel remote maintenance of the NET/ITER machine is described. It comprises a curved deployable boom, a vehicle which can travel on the boom and an end effector or work unit mounted on the vehicle. The stowed boom, vehicle, and work unit are inserted via the equatorial access port of the torus. Following insertion the boom is deployed and locked in place. The vehicle may then travel along the boom to transport the work unit to any desired location. A novel feature of the concept is the deployable boom. When fully deployed, it closely resembles a conventional curved truss structure in configuration and characteristics. However, the joints of the truss structure are hinged so that it can fold into a compact package, of less than 20% of deployed volume for storage, transportation and insertion into the torus. A full-scale 2-metre long section of this boom was produced for demonstration purposes. As part of the concept definition the work unit for divertor handling was studied to demonstrate that large payloads could be manipulated within the confines of the torus using the in-vessel vehicle system. Principal advantages of the IVVS are its high load capacity and rigidity, low weight and stowed volume, simplicity of control and operation, and its relatively high speed of transportation

Development of space simulation / net-laboratory system

Science.gov (United States)

Usui, H.; Matsumoto, H.; Ogino, T.; Fujimoto, M.; Omura, Y.; Okada, M.; Ueda, H. O.; Murata, T.; Kamide, Y.; Shinagawa, H.; Watanabe, S.; Machida, S.; Hada, T.

A research project for the development of space simulation / net-laboratory system was approved by Japan Science and Technology Corporation (JST) in the category of Research and Development for Applying Advanced Computational Science and Technology(ACT-JST) in 2000. This research project, which continues for three years, is a collaboration with an astrophysical simulation group as well as other space simulation groups which use MHD and hybrid models. In this project, we develop a proto type of unique simulation system which enables us to perform simulation runs by providing or selecting plasma parameters through Web-based interface on the internet. We are also developing an on-line database system for space simulation from which we will be able to search and extract various information such as simulation method and program, manuals, and typical simulation results in graphic or ascii format. This unique system will help the simulation beginners to start simulation study without much difficulty or effort, and contribute to the promotion of simulation studies in the STP field. In this presentation, we will report the overview and the current status of the project.

75 FR 8703 - Auction of Lower and Upper Paging Bands Licenses Scheduled for May 25, 2010; Notice and Filing...

Science.gov (United States)

2010-02-25

... of such geographic area licensees to use certain portions of the electromagnetic spectrum or provide... of the electromagnetic spectrum or provide service to certain areas in their geographic license areas...: Wireless Telecommunications Bureau, Auctions and Spectrum Access Division: For legal questions: Scott...

Coloured Petri Nets

DEFF Research Database (Denmark)

Jensen, Kurt; Kristensen, Lars Michael

Coloured Petri Nets (CPN) is a graphical language for modelling and validating concurrent and distributed systems, and other systems in which concurrency plays a major role. The development of such systems is particularly challenging because of inherent intricacies like possible nondeterminism an...

Media visibility on the formation of female celebrity: Catarina, a virgin for auction

Directory of Open Access Journals (Sweden)

Lígia Campos de Cerqueira Lana

2013-09-01

Full Text Available This article analyzes the role of media visibility in the rise of CatherineMigliorini’s celebrity, famous after putting her virginity up for auction oninternet. The history of the case and its main events, texts written by experts, images and statements of Catarina are investigated from the perspective of women’s visibility transformations. Although media critique, the celebrity Catarina displayed expected abilities of women in media visibility, as the possession of a sexy, young and assertive body, able to be used as capital.

78 FR 25465 - Notice of Realty Action: Modified Competitive Auction of Public Lands in Lincoln County, NV

Science.gov (United States)

2013-05-01

... DEPARTMENT OF THE INTERIOR Bureau of Land Management [LLNVL01000. L158480000.EU0000 241A; N-86674; 12-08807; MO 4500046714; TAS: 14X5232] Notice of Realty Action: Modified Competitive Auction of..., certified check or U.S. postal money order, or any combination thereof, and made payable in U.S. dollars to...

Potential benefits of selling by auction the CIP 6 energy; Effetti della vendita tramite asta dell'energia CIP 6

Energy Technology Data Exchange (ETDEWEB)

Campidoglio, C. [Istituto per la Ricerca Sociale, Milan (Italy). Osservatorio Energia

2000-12-01

This paper analyses the potential benefits of selling by auction the CIP 6 energy. This would both reduce the supply shortage and the prices on the eligible market, increase competition on the contract-for-difference market, indicate a clear price to which regulated energy charges could be indexed, thus extending the auction benefits to the franchise market to avoid the reintroduction of cross-subsidies. [Italian] L'articolo analizza i possibili benefici della vendita tramita asta dell'energia CIP 6. In particolare, l'asta ridurrebbe la scarsita' d'offerta e quindi i pressi sul mercato libero, aumenterebbe la concorrenza nel mercato dei contratti per differenza, fornirebbe un prezzo chiaro a cui indicizzare il prezzo dell'energia in tariffa, estendendo i benefici dell'asta sul mercato vincolato ed evitando la reintroduzione di sussidi incrociati.

Effects of Net Metering on the Use of Small-Scale Wind Systems in the United States

Energy Technology Data Exchange (ETDEWEB)

Forsyth, T. L.; Pedden, M.; Gagliano, T.

2002-11-01

Factors such as technological advancements, steadily decreasing costs, consumer demand, and state and federal policies are combining to make wind energy the world's fastest growing energy source. State and federal policies are facilitating the growth of the domestic, large-scale wind power market; however, small-scale wind projects (those with a capacity of less than 100 kilowatts[kW]) still face challenges in many states. Net metering, also referred to as net billing, is one particular policy that states are implementing to encourage the use of small renewable energy systems. Net metering allows individual, grid-tied customers who generate electricity using a small renewable energy system to receive credit from their utility for any excess power they generate beyond what they consume. Under most state rules, residential, commercial, and industrial customers are eligible for net metering; however, some states restrict eligibility to particular customer classes. This paper illustrates how net metering programs in certain states vary considerably in terms of how customers are credited for excess power they generate; the type and size of eligible technologies and whether the utility; the state, or some other entity administers the program. This paper focuses on10 particular states where net metering policies are in place. It analyzes how the different versions of these programs affect the use of small-scale wind technologies and whether some versions are more favorable to this technology than others. The choice of citizens in some states to net meter with photovoltaics is also examined.

Electric energy auctions in Brazil and its effect on emissions of greenhouse gases by the electric sector; Leiloes de energia eletrica no Brasil e sua influencia nas emissoes de gases de efeito estufa pelo setor eletrico

Energy Technology Data Exchange (ETDEWEB)

Alpire, Ricardo; Pereira, Osvaldo Livio Soliano [Universidade Salvador (UNIFACS), BA (Brazil)

2010-07-01

The result of the auctions of electricity, after the new regulatory framework in 2004, has shown the increased participation of fossil sources of thermal generation, contributing to increased emission of greenhouse gases by the Brazilian Electricity Sector. This article aims to analyze the correlation between growth in electric generation sector and rising greenhouse gases, especially through the study of the winning projects of electric power auctions conducted with the advent of the New Institutional Model of the Power Sector from 2004, comparing with the existing policies and prospects of the next auction of the electric sector. (author)

Natural gas ballast requirement to allow participation of thermal plants in the new energy auctions: analysis and proposals; Requisito de lastro de gas natural para viabilizar a participacao de termeletricas nos leiloes de energia nova: analise e propostas

Energy Technology Data Exchange (ETDEWEB)

Avila, Pedro Luis de; Bezerra, Bernardo Vieira; Barroso, Luiz Augusto Nobrega; Pereira, Mario Veiga; Rosenblatt, Jose [PSR, Rio de Janeiro, RJ (Brazil)

2012-07-01

Since the first New Energy Auction (LEN), held in December 2005, there has been a continuous process of improving the auction rules and mechanism. For the specific case of gas-fired plants, a significant change was observed between the LEN A-3/2011 and LEN A-5/2011, and refers to the need of natural gas ballast for candidate projects in the auction. This rule was introduced by ANP Resolution No. 52, which establishes that the gas supply agreements must be backed up by proven reserves (analogous to the requirement in the power sector contracts of physical guarantee backup), and Ordinance MME No. 21/2008, which deals with power plants qualification for the new energy auctions. The latter was amended by MME Ordinance No. 514, which requires proven natural gas reserves to support the GSA of all candidate projects in a LEN. In other words, the gas supplier now has to prove that there are sufficient gas reserves to meet requirements of all candidate project in an auction, regardless of the plausibility of their engagement in the auction. In this context, the present study discusses these issues and has as main contributions: (I) a review of current regulations on contract ballast in the Brazilian natural gas sector, (II) a proposal to conciliate the need of fuel supply contract ballast to the dynamics of the natural gas sector, and (III) a proposal to conciliate the need for fuel contract ballast to the contracting process of the thermoelectric power in the new energy auctions. These contributions aim at a better integration between the sectors of natural gas and electricity in Brazil, leading to a more efficient use of resources and infrastructure development. (author)

Measuring Dutch consumers' willingness-to-pay for ethically-improved foods and supply chains through the performance of experimental auctions

DEFF Research Database (Denmark)

Costa, Ana I.A.

for ethical benefits to be introduced in fish production, namely for those perceived to be associated with food safety. Nevertheless, these findings also point out that consumers' may not always value the ethical attributes they consider relevant in a consistent manner, especially if these seem to contradict......This paper presents the outcome of a pilot study on Dutch consumers' willingness-to-pay for fresh fish originating from production systems with different levels of ethical attributes, as estimated through the performance of experimental auctions. Fifteen Dutch citizens living in Noord......-Holland and being regular consumers of fresh fish were selected to participate in this study. Two experimental sessions were held in December 2003. Information regarding the subjects, their knowledge about fish production systems and the perceived relevance of different ethical attributes was collected prior...

12 CFR 617.7620 - What should the System institution do when it decides to sell acquired agricultural real estate...

Science.gov (United States)

2010-01-01

... decides to sell acquired agricultural real estate at a public auction? 617.7620 Section 617.7620 Banks and... What should the System institution do when it decides to sell acquired agricultural real estate at a public auction? System institutions electing to sell or lease acquired agricultural real estate or a...

Emergence of Cooperative Long-Term Market Loyalty in Double Auction Markets.

Science.gov (United States)

Alorić, Aleksandra; Sollich, Peter; McBurney, Peter; Galla, Tobias

2016-01-01

Loyal buyer-seller relationships can arise by design, e.g. when a seller tailors a product to a specific market niche to accomplish the best possible returns, and buyers respond to the dedicated efforts the seller makes to meet their needs. We ask whether it is possible, instead, for loyalty to arise spontaneously, and in particular as a consequence of repeated interaction and co-adaptation among the agents in a market. We devise a stylized model of double auction markets and adaptive traders that incorporates these features. Traders choose where to trade (which market) and how to trade (to buy or to sell) based on their previous experience. We find that when the typical scale of market returns (or, at fixed scale of returns, the intensity of choice) become higher than some threshold, the preferred state of the system is segregated: both buyers and sellers are segmented into subgroups that are persistently loyal to one market over another. We characterize the segregated state analytically in the limit of large markets: it is stabilized by some agents acting cooperatively to enable trade, and provides higher rewards than its unsegregated counterpart both for individual traders and the population as a whole.

Impact of fuel-dependent electricity retail charges on the value of net-metered PV applications in vertically integrated systems

International Nuclear Information System (INIS)

Nikolaidis, Alexandros I.; Milidonis, Andreas; Charalambous, Charalambos A.

2015-01-01

Retail electricity charges inevitably influence the financial rationale of using net-metered photovoltaic (PV) applications since their structure as well as their level may vary significantly over the life-cycle of a customer-sited PV generation system. This subsequently introduces a further uncertainty for a ratepayer considering a net-metered PV investment. To thoroughly comprehend this uncertainty, the paper employs a top-down approach – in vertically integrated environments – to model the volatility of partially hedged electricity charges and its subsequent impact on the value of bill savings from net-metered PV systems. Besides the utility's pricing strategy and rate structures, particular emphasis is given in modeling the fossil fuel mix component that introduces a significant source of uncertainty on electricity charges and thus on the value of bill savings of net-metered, customer-sited, PV applications. - Highlights: • A top-down approach of developing traditional electricity charges is provided. • The combined effect of pricing strategies, rate structures and fuels is examined. • Fossil fuel prices can substantially affect the net metering compensation. • A financial risk assessment for net-metered PV systems is performed

76 FR 1158 - Auction of 700 MHz Band Licenses Scheduled for July 19, 2011; Comment Sought on Competitive...

Science.gov (United States)

2011-01-07

... geographic area for which the applicant plans to bid, and also to familiarize itself with the Commission's... licenses in any of the same or overlapping geographic areas as that applicant. 12. After the close of... should explain their reasoning. iii. Bidding Rounds 14. Auction 92 will consist of sequential bidding...

Towards Self-Managed Executable Petri Nets

DEFF Research Database (Denmark)

Hansen, Klaus Marius; Zhang, Weishan; Ingstrup, Mads

2008-01-01

An issue in self-managed systems is that different abstractions and programming models are used on different architectural layers, leading to systems that are harder to build and understand. To alleviate this, we introduce a self-management approach which combines high-level Petri nets...... with the capability of distributed communication among nets. Organized in a three-layer goal management, change management, and component control architecture this allows for self-management in distributed systems. We validate the approach through the Flamenco/CPN middleware that allows for self-management of service......-oriented pervasive computing systems through the runtime interpretation of colored Petri nets. The current work focuses on the change management and component control layers....

CPN Tools-Assisted Simulation and Verification of Nested Petri Nets

Directory of Open Access Journals (Sweden)

L. W. Dworza´nski

2012-01-01

Full Text Available Nested Petri nets (NP-nets are an extension of Petri net formalism within the “netswithin-nets” approach, when tokens in a marking are Petri nets, which have an autonomous behavior and are synchronized with the system net. The formalism of NP-nets allows modeling multi-level multi-agent systems with dynamic structure in a natural way. Currently, there is no tool for supporting NP-nets simulation and analysis. The paper proposes the translation of NP-nets into Colored Petri nets and the use of CPN Tools as a virtual machine for NP-nets modeling, simulation and automatic verification.

RESTful NET

CERN Document Server

Flanders, Jon

2008-01-01

RESTful .NET is the first book that teaches Windows developers to build RESTful web services using the latest Microsoft tools. Written by Windows Communication Foundation (WFC) expert Jon Flanders, this hands-on tutorial demonstrates how you can use WCF and other components of the .NET 3.5 Framework to build, deploy and use REST-based web services in a variety of application scenarios. RESTful architecture offers a simpler approach to building web services than SOAP, SOA, and the cumbersome WS- stack. And WCF has proven to be a flexible technology for building distributed systems not necessa

BioNet Digital Communications Framework

Science.gov (United States)

Gifford, Kevin; Kuzminsky, Sebastian; Williams, Shea

2010-01-01

BioNet v2 is a peer-to-peer middleware that enables digital communication devices to talk to each other. It provides a software development framework, standardized application, network-transparent device integration services, a flexible messaging model, and network communications for distributed applications. BioNet is an implementation of the Constellation Program Command, Control, Communications and Information (C3I) Interoperability specification, given in CxP 70022-01. The system architecture provides the necessary infrastructure for the integration of heterogeneous wired and wireless sensing and control devices into a unified data system with a standardized application interface, providing plug-and-play operation for hardware and software systems. BioNet v2 features a naming schema for mobility and coarse-grained localization information, data normalization within a network-transparent device driver framework, enabling of network communications to non-IP devices, and fine-grained application control of data subscription band width usage. BioNet directly integrates Disruption Tolerant Networking (DTN) as a communications technology, enabling networked communications with assets that are only intermittently connected including orbiting relay satellites and planetary rover vehicles.

CREATION OF AN EDUCATIONAL OPERATING SYSTEM : Using the C# and .NET Framework

OpenAIRE

Galakhov, Daniil

2017-01-01

The purpose of this study was to conduct a research on Operating System fundamentals and apply the knowledge gained to a real environment by creating Educational Operating System. The outcome of this project may also serve as a starting point of the Information Technology studies for beginner students. As a secondary objective, this project intended to demonstrate the power of .NET Framework and C# Programming Language in a limited execution environment. Programming and Operating Systems ...

Software hazard analysis for nuclear digital protection system by Colored Petri Net

International Nuclear Information System (INIS)

Bai, Tao; Chen, Wei-Hua; Liu, Zhen; Gao, Feng

2017-01-01

Highlights: •A dynamic hazard analysis method is proposed for the safety-critical software. •The mechanism relies on Colored Petri Net. •Complex interactions between software and hardware are captured properly. •Common failure mode in software are identified effectively. -- Abstract: The software safety of a nuclear digital protection system is critical for the safety of nuclear power plants as any software defect may result in severe damage. In order to ensure the safety and reliability of safety-critical digital system products and their applications, software hazard analysis is required to be performed during the lifecycle of software development. The dynamic software hazard modeling and analysis method based on Colored Petri Net is proposed and applied to the safety-critical control software of the nuclear digital protection system in this paper. The analysis results show that the proposed method can explain the complex interactions between software and hardware and identify the potential common cause failure in software properly and effectively. Moreover, the method can find the dominant software induced hazard to safety control actions, which aids in increasing software quality.

Discrete, continuous, and hybrid petri nets

CERN Document Server

David, René

2004-01-01

Petri nets do not designate a single modeling formalism. In fact, newcomers to the field confess sometimes to be a little puzzled by the diversity of formalisms that are recognized under this "umbrella". Disregarding some extensions to the theoretical modeling capabilities, and looking at the level of abstraction of the formalisms, Condition/Event, Elementary, Place/Transition, Predicate/Transition, Colored, Object Oriented... net systems are frequently encountered in the literature. On the other side, provided with appropriate interpretative extensions, Controled Net Systems, Marking Diagrams (the Petri net generalization of State Diagrams), or the many-many variants in which time can be explicitly incorporated -Time(d), Deterministic, (Generalized) Stochastic, Fuzzy...- are defined. This represents another way to define practical formalisms that can be obtained by the "cro- product" of the two mentioned dimensions. Thus Petri nets constitute a modeling paradigm, understandable in a broad sense as "the total...

Dynamics and design of space nets for orbital capture

CERN Document Server

Yang, Leping; Zhen, Ming; Liu, Haitao

2017-01-01

This book covers the topics of theoretical principles, dynamics model and algorithm, mission analysis, system design and experimental studies of space nets system, aiming to provide an initial framework in this field and serve as a ready reference for those interested. Space nets system represents a forefront field in future development of aerospace technologies. However, it involves new challenges and problems such as nonlinear and distorted nets structure, complex rigid flexible coupling dynamics, orbital transfer of space flexible composite and dynamics control. Currently, no comprehensive books on space nets dynamics and design are available, so potential readers can get to know the working mechanism, dynamics elements, and mission design of the space nets system from a Chinese perspective.

WE-NET substask 3. Conceptual design of total system (Safety measures and evaluation techniques); 1998 nendo suiso riyo kokusai clean energy system gijutsu (WE-NET). 3. Zentai system gainen sekkei anzen taisaku hyoka gijutsu

Energy Technology Data Exchange (ETDEWEB)

NONE

1999-03-01

Under the hydrogen-utilizing international clean energy system technology project WE-NET (World Energy NET Work) in fiscal 1998, researches and studies were conducted to clearly define safety designs and to improve on accident-and-safety analyses. In relation with system safety design, investigations continued into Japanese and foreign manuals and regulations about the handling of hydrogen and its peripherals, and safe design guidelines (draft) were compiled. Anomalies and accidents supposed to be typical of each of the systems concerned were investigated. As for accident-and-safety analyses, incorporation of a turbulence model was studied in relation to models representing the leak, evaporation, and diffusion of liquid hydrogen, and improvement was achieved when the scope of evaluation was enlarged concerning the hydrogen detonation model. The integration of the two models was discussed for the due evaluation of a series of processes of liquid hydrogen leak, evaporation, diffusion, and detonation. Calculation was performed for two assumed accidents, and the results were found to justify the integration of the two models. (NEDO)

Calculating systems-scale energy efficiency and net energy returns: A bottom-up matrix-based approach

International Nuclear Information System (INIS)

Brandt, Adam R.; Dale, Michael; Barnhart, Charles J.

2013-01-01

In this paper we expand the work of Brandt and Dale (2011) on ERRs (energy return ratios) such as EROI (energy return on investment). This paper describes a “bottom-up” mathematical formulation which uses matrix-based computations adapted from the LCA (life cycle assessment) literature. The framework allows multiple energy pathways and flexible inclusion of non-energy sectors. This framework is then used to define a variety of ERRs that measure the amount of energy supplied by an energy extraction and processing pathway compared to the amount of energy consumed in producing the energy. ERRs that were previously defined in the literature are cast in our framework for calculation and comparison. For illustration, our framework is applied to include oil production and processing and generation of electricity from PV (photovoltaic) systems. Results show that ERR values will decline as system boundaries expand to include more processes. NERs (net energy return ratios) tend to be lower than GERs (gross energy return ratios). External energy return ratios (such as net external energy return, or NEER (net external energy ratio)) tend to be higher than their equivalent total energy return ratios. - Highlights: • An improved bottom-up mathematical method for computing net energy return metrics is developed. • Our methodology allows arbitrary numbers of interacting processes acting as an energy system. • Our methodology allows much more specific and rigorous definition of energy return ratios such as EROI or NER

Choosing between Auctions and Negotiations in Online B2B Markets for IT Services: The Effect of Prior Relationships and Performance

NARCIS (Netherlands)

U.L. Radkevitch (Uladzimir); H.W.G.M. van Heck (Eric); O.R. Koppius (Otto)

2008-01-01

textabstractThe choice of contract allocation mechanism in procurement affects such aspects of transactions as information exchange between buyer and supplier, supplier competition, pricing and, eventually, performance. In this study we investigate the buyer’s choice between reverse auctions and

Varying the number of bidders in the first-price sealed-bid auction: experimental evidence for the one-shot game

NARCIS (Netherlands)

Füllbrunn, S.C.; Neugebauer, T.

2013-01-01

The paper reports experimental data on the behavior in the first-price sealed-bid auction for a varying number of bidders when values and bids are private information. This feedback-free design is proposed for the experimental test of the one-shot game situation. We consider both within-subjects and

Net Gain

International Development Research Centre (IDRC) Digital Library (Canada)

Describing the effect of tax incentives for import, production, and sale of nets and insecticides; and ..... So far, China is the only country where a system for the routine treatment of ...... 1993), and the trials in Ecuador and Peru (Kroeger et al.

A Timed Colored Petri Net Simulation-Based Self-Adaptive Collaboration Method for Production-Logistics Systems

Directory of Open Access Journals (Sweden)

Zhengang Guo

2017-03-01

Full Text Available Complex and customized manufacturing requires a high level of collaboration between production and logistics in a flexible production system. With the widespread use of Internet of Things technology in manufacturing, a great amount of real-time and multi-source manufacturing data and logistics data is created, that can be used to perform production-logistics collaboration. To solve the aforementioned problems, this paper proposes a timed colored Petri net simulation-based self-adaptive collaboration method for Internet of Things-enabled production-logistics systems. The method combines the schedule of token sequences in the timed colored Petri net with real-time status of key production and logistics equipment. The key equipment is made ‘smart’ to actively publish or request logistics tasks. An integrated framework based on a cloud service platform is introduced to provide the basis for self-adaptive collaboration of production-logistics systems. A simulation experiment is conducted by using colored Petri nets (CPN Tools to validate the performance and applicability of the proposed method. Computational experiments demonstrate that the proposed method outperforms the event-driven method in terms of reductions of waiting time, makespan, and electricity consumption. This proposed method is also applicable to other manufacturing systems to implement production-logistics collaboration.

A Brief Introduction to Coloured Petri Nets

DEFF Research Database (Denmark)

Jensen, Kurt

1997-01-01

Coloured Petri Nets (CP-nets or CPN) is a graphical oriented language for design, specification, simulation and verification of systems. It is in particular well- suited for systems in which communication, synchronisation and resource sharing are important. Typical examples of application areas a...

A Novel Electricity Transaction Mode of Microgrids Based on Blockchain and Continuous Double Auction

Directory of Open Access Journals (Sweden)

Jian Wang

2017-11-01

Full Text Available The installed capacity of distributed generation (DG based on renewable energy sources has increased continuously in power systems, and its market-oriented transaction is imperative. However, traditional transaction management based on centralized organizations has many disadvantages, such as high operation cost, low transparency, and potential risk of transaction data modification. Therefore, a decentralized electricity transaction mode for microgrids is proposed in this study based on blockchain and continuous double auction (CDA mechanism. A buyer and seller initially complete the transaction matching in the CDA market. In view of the frequent price fluctuation in the CDA market, an adaptive aggressiveness strategy is used to adjust the quotation timely according to market changes. DG and consumer exchange digital certificate of power and expenditure on the blockchain system and the interests of consumers are then guaranteed by multi-signature when DG cannot generate power due to failure or other reasons. The digital certification of electricity assets is replaced by the sequence number with specific tags in the transaction script, and the size of digital certification can be adjusted according to transaction energy quantity. Finally, the feasibility of market mechanism through specific microgrid case and settlement process is also provided.

Putting Petri nets to work in Industry

NARCIS (Netherlands)

Aalst, van der W.M.P.

1994-01-01

Petri nets exist for over 30 years. Especially in the last decade Petri nets have been put into practive extensively. Thanks to several useful extensions and the availability of computer tools, Petri nets have become a mature tool for modelling and analysing industrial systems. This paper describes

Neural-net based unstable machine identification using individual energy functions. [Transient disturbances in power systems

Energy Technology Data Exchange (ETDEWEB)

Djukanovic, M [Institut Nikola Tesla, Belgrade (Yugoslavia); Sobajic, D J; Pao, Yohhan [Case Western Reserve Univ., Cleveland, OH (United States)

1991-10-01

The identification of the mode of instability plays an essential role in generating principal energy boundary hypersurfaces. We present a new method for unstable machine identification based on the use of supervised learning neural-net technology, and the adaptive pattern recognition concept. It is shown that using individual energy functions as pattern features, appropriately trained neural-nets can retrieve the reliable characterization of the transient process including critical clearing time parameter, mode of instability and energy margins. Generalization capabilities of the neural-net processing allow for these assessments to be made independently of load levels. The results obtained from computer simulations are presented using the New England power system, as an example. (author).

78 FR 44150 - Atlantic Wind Lease Sale 1 (ATLW1) Commercial Leasing for Wind Power on the Outer Continental...

Science.gov (United States)

2013-07-23

... user login information and instructions for accessing the Auction Manual and Alternative Bidding Form... importance of which was highlighted by comments received in response to the Auction Format Information... Auction Auction System Technical Supplement and Auction Manual BOEM has created an Auction System...

Bidding behavior when one bidder and the auctioneer are vertically integrated: implications for the partial deregulation of EU electricity markets

Czech Academy of Sciences Publication Activity Database

van Koten, Silvester

-, č. 313 (2006), s. 1-35 ISSN 1211-3298 R&D Projects: GA MŠk LC542 Institutional research plan: CEZ:AV0Z70850503 Keywords : asymmetric auctions * bidding behavior * electricity markets Subject RIV: AH - Economics http://www.cerge-ei.cz/pdf/wp/Wp313.pdf

A Robust Open Ascending-price Multi-unit Auction Protocol against False-name Bids

Science.gov (United States)

Iwasaki, Atsushi; Yokoo, Makoto; Terada, Kenji

This paper develops a new ascending-price multi-unit auction protocol that has following characteristics: (i) it has an open format, (ii) sincere bidding is an equilibrium strategy even if the marginal utilities of each agent can increase and agents can submit false-name bids. False-name bids are bids submitted under fictitious names such as multiple e-mail addresses, which can be done easily in the Internet. This is the first protocol that has these two characteristics. We show that our new protocol outperforms an existing protocol, which satisfies (ii), with respect to the social surplus and the seller's revenue.

78 FR 50086 - Notice of Competitive Auction for Solar Energy Development on Public Lands in the State of Colorado

Science.gov (United States)

2013-08-16

... Competitive Auction for Solar Energy Development on Public Lands in the State of Colorado AGENCY: Bureau of...) application and a plan of development for solar energy projects on approximately 3,705 acres of public land in... designated Solar Energy Zones (SEZ): Los Mogotes East SEZ and De Tilla Gulch SEZ. Applications for solar...

Structures and scan strategies of software net models

International Nuclear Information System (INIS)

Puhr-Westerheide, P.; Sandbaek, H.

1984-01-01

The present paper deals with some aspects of plant control and monitoring systems as used in nuclear power plants. These aspects concern executable net models to run on computers. A short survey on the nets' environment and on some net scan strategies is given. Among the strategies are the 'topologically ordered scan' and the 'signal propagation scan'. A combined method 'topologically ordered signal propagation (TOSIP) scan' will be outlined as well as a net model data structure that allows the definition of subsystems for the use of clear structuration and dischargement to distributed systems. (author)

Auction-Based Resource Allocation for Cooperative Video Transmission Protocols over Wireless Networks

Directory of Open Access Journals (Sweden)

Zhu Han

2009-01-01

Full Text Available Cooperative transmission has been proposed as a novel transmission strategy that takes advantage of broadcast nature of wireless networks, forms virtual MIMO system, and provides diversity gains. In this paper, wireless video transmission protocols are proposed, in which the spectrum resources are first allocated for the source side to broadcast video packets to the relay and destination, and then for the relay side to transmit side information generated from the received packets. The proposed protocols are optimized to minimize the end-to-end expected distortion via choosing bandwidth/power allocation, configuration of side information, subject to bandwidth and power constraints. For multiuser cases, most of current resource allocation approaches cannot be naturally extended and applied to the networks with relay nodes for video transmission. This paper extends the share auction approach into the cooperative video communication scenarios and provides a near-optimal solution for resource allocation. Experimental results have demonstrated that the proposed approach has significant advantage of up to 4 dB gain in single user case and 1.3 dB gain in multiuser case over the reference systems in terms of peak-to-signal-noise ratio. In addition, it reduces the formidable computational complexity of the optimal solution to linear complexity with performance degradation of less than 0.3 dB.

Net energy gain from DT fusion

International Nuclear Information System (INIS)

Buende, R.

1985-01-01

The net energy which can be gained from an energy raw material by means of a certain conversion system is deduced as the figure-of-merit which adequately characterizes the net energy balance of utilizing an energy source. This potential net energy gain is determined for DT fusion power plants. It is represented as a function of the degree of exploitation of the energy raw material lithium ore and is compared with the net energy which can be gained with LW and FBR power plants by exploiting uranium ore. The comparison clearly demonstrates the net energetic advantage of DT fusion. A sensitivity study shows that this holds even if the energy expenditure for constructing and operating is drastically increased

Emergence of Cooperative Long-Term Market Loyalty in Double Auction Markets

Science.gov (United States)

Alorić, Aleksandra; Sollich, Peter; McBurney, Peter; Galla, Tobias

2016-01-01

Loyal buyer-seller relationships can arise by design, e.g. when a seller tailors a product to a specific market niche to accomplish the best possible returns, and buyers respond to the dedicated efforts the seller makes to meet their needs. We ask whether it is possible, instead, for loyalty to arise spontaneously, and in particular as a consequence of repeated interaction and co-adaptation among the agents in a market. We devise a stylized model of double auction markets and adaptive traders that incorporates these features. Traders choose where to trade (which market) and how to trade (to buy or to sell) based on their previous experience. We find that when the typical scale of market returns (or, at fixed scale of returns, the intensity of choice) become higher than some threshold, the preferred state of the system is segregated: both buyers and sellers are segmented into subgroups that are persistently loyal to one market over another. We characterize the segregated state analytically in the limit of large markets: it is stabilized by some agents acting cooperatively to enable trade, and provides higher rewards than its unsegregated counterpart both for individual traders and the population as a whole. PMID:27120473

Strategies for Aligning Physicians to System Redesign Goals at Eight Safety-Net Systems.

Science.gov (United States)

Zallman, Leah; Bearse, Adriana; Neal, Natasha; VanDeusen Lukas, Carol; Hacker, Karen

2014-12-01

Facing recent economic and regulatory pressures, safety-net systems (SNSs) are redesigning their organizations to improve care delivery, remain financially viable, and maintain competitive positions. Aligning physicians with redesign goals is a priority, particularly as many SNSs shift toward patient-centered, population health-focused models. No previous work has examined efforts to align physicians to safety net redesign efforts. This qualitative study, conducted at eight SNSs, examined challenges faced in a changing health care environment, as well as strategies and resources to address them. Strategies clustered in two categories: physician role definition and organizational infrastructure. Physician role definition strategies were (1) changing payment and employment arrangements, (2) changing clinical roles, (3) increasing physician involvement in quality improvement, and (4) strengthening physician leadership in clinical and quality roles. Organizational infrastructure strategies were (1) ensuring medical center leadership support and integration, (2) utilizing data to drive physician behavior, and (3) addressing competing allegiances with academia. All sites reported multifaceted approaches but differed in specific strategies employed, facilitators noted, and challenges encountered. The findings highlight the need to implement multiple strategies to align physicians in redesign efforts. They suggest that all health systems, whether SNSs or not, can capitalize on qualities of physicians and existing infrastructural and leadership elements to achieve physician alignment. However, they must contend with and address challenges of competing allegiance (for example, academic, physician organization, hospital), as well as resistance to changing clinical roles and payment structures.

New control system: net communications on VAX; Nouveau systeme de controle: communications reseau sur VAX

Energy Technology Data Exchange (ETDEWEB)

David, L; Maugeais, C

1993-12-31

The control system is made of five different types of processors: a server (VAX 3800), stations (VS4000) as setting interfaces for operators, CAMAC VANTAGE controllers, VME controllers and industrial programmable automates. These automates are treated with the IMAGIN supervision software and with the OSI communication protocol. All the processors are of the VAX family and use DECNET communication protocol on ETHERNET net. (A.B.). 3 figs.

Supplier bidding strategy based on non-cooperative game theory concepts in single auction power pools

International Nuclear Information System (INIS)

Kang, Dong-Joo; Kim, Balho H.; Hur, Don

2007-01-01

In single auction power pools, only generators bid several energy price segments depending on the amount of energy supply, at individual generating companies' (GENCO) own discretion, for every trading interval. Then all selected bidders are paid a uniform Market Clearing Price (MCP). In this paper, it is realized that each GENCO has the complete information on its own payoff as well as the other parties' payoffs, corresponding to each potential combination of choices of strategies by all the players. Specifically, all the suppliers attempt to estimate the others' bids using the concept of Nash equilibrium in the general sense of profit maximization. Under some simplified assumptions, this problem can be modeled as a simultaneous-move game confronted by the bidders. Here, the system demand forecast by competitive sellers is captured for the purpose of constructing the optimal bidding strategy. Finally, a numerical example is presented demonstrating the effectiveness of the proposed solution scheme. (author)

QED representation for the net of causal loops

Science.gov (United States)

Ciolli, Fabio; Ruzzi, Giuseppe; Vasselli, Ezio

2015-06-01

The present work tackles the existence of local gauge symmetries in the setting of Algebraic Quantum Field Theory (AQFT). The net of causal loops, previously introduced by the authors, is a model independent construction of a covariant net of local C*-algebras on any 4-dimensional globally hyperbolic space-time, aimed to capture structural properties of any reasonable quantum gauge theory. Representations of this net can be described by causal and covariant connection systems, and local gauge transformations arise as maps between equivalent connection systems. The present paper completes these abstract results, realizing QED as a representation of the net of causal loops in Minkowski space-time. More precisely, we map the quantum electromagnetic field Fμν, not free in general, into a representation of the net of causal loops and show that the corresponding connection system and the local gauge transformations find a counterpart in terms of Fμν.

Formal Specification and Verification of Real-Time Multi-Agent Systems using Timed-Arc Petri Nets

Directory of Open Access Journals (Sweden)

QASIM, A.

2015-08-01

Full Text Available In this study we have formally specified and verified the actions of communicating real-time software agents (RTAgents. Software agents are expected to work autonomously and deal with unfamiliar situations astutely. Achieving cent percent test cases coverage for these agents has always been a problem due to limited resources. Also a high degree of dependability and predictability is expected from real-time software agents. In this research we have used Timed-Arc Petri Net's for formal specification and verification. Formal specification of e-agents has been done in the past using Linear Temporal Logic (LTL but we believe that Timed-Arc Petri Net's being more visually expressive provides a richer framework for such formalism. A case study of Stock Market System (SMS based on Real Time Multi Agent System framework (RTMAS using Timed-Arc Petri Net's is taken to illustrate the proposed modeling approach. The model was verified used AF, AG, EG, and EF fragments of Timed Computational Tree Logic (TCTL via translations to timed automata.

Cost-volume-profit and net present value analysis of health information systems.

Science.gov (United States)

McLean, R A

1998-08-01

The adoption of any information system should be justified by an economic analysis demonstrating that its projected benefits outweigh its projected costs. Analysis differ, however, on which methods to employ for such a justification. Accountants prefer cost-volume-profit analysis, and economists prefer net present value analysis. The article explains the strengths and weaknesses of each method and shows how they can be used together so that well-informed investments in information systems can be made.

A knowledge-base verification of NPP expert systems using extended Petri nets

International Nuclear Information System (INIS)

Kwon, Il Won; Seong, Poong Hyun

1995-01-01

The verification phase of knowledge base is an important part for developing reliable expert systems, especially in nuclear industry. Although several strategies or tools have been developed to perform potential error checking, they often neglect the reliability of verification methods. Because a Petri net provides a uniform mathematical formalization of knowledge base, it has been employed for knowledge base verification. In this work, we devise and suggest an automated tool, called COKEP (Checker Of Knowledge base using Extended Petri net), for detecting incorrectness, inconsistency, and incompleteness in a knowledge base. The scope of the verification problem is expanded to chained errors, unlike previous studies that assumed error incidence to be limited to rule pairs only. In addition, we consider certainty factor in checking, because most of knowledge bases have certainty factors

Strategic Generation with Conjectured Transmission Price Responses in a Mixed Transmission Pricing System. Part 2. Application

International Nuclear Information System (INIS)

Wals, A.F.; Hobbs, B.F.; Rijkers, F.A.M.

2004-05-01

The conjectured transmission price response model presented in the first of this two-paper series considers the expectations of oligopolistic generators regarding how demands for transmission services affect the prices of those services. Here, the model is applied to northwest Europe, simulating a mixed transmission pricing system including export fees, a path-based auction system for between-country interfaces, and implicit congestion-based pricing of internal country constraints. The path-based system does not give credit for counterflows when calculating export capability. The application shows that this no-netting policy can exacerbate the economic inefficiencies caused by oligopolistic pricing by generators. The application also illustrates the effects of different generator conjectures regarding rival supply responses and transmission prices. If generators anticipate that their increased demand for transmission services will increase transmission prices, then competitive intensity diminishes and energy prices rise. In the example here, the effect of this anticipation is to double the price increase that results from oligopolistic (Cournot) competition among generators

The Interplay of Virtual Communities: A Multiple Case Study of E-Retailers in Yahoo E-Auctions

Directory of Open Access Journals (Sweden)

Julia Zhi-Xian Zhao

2012-06-01

Full Text Available This study investigated how businesses operate e-shops in a transaction-oriented virtual community. This research employed a multiple case study approach by observing three cases of e-retailers, as being new e-commerce initiates, operating their businesses on the Yahoo! e-auction website. The results showed that e-shops displaying amusing stories can attract site visitors and “spick and span” e-shop design format can be helpful for converting visitors into buyers.

A Comparison between the Swedish 3G Beauty Contest and the UK 3G Auction

OpenAIRE

Welin, Erik

2006-01-01

This thesis compares the two different version of public franchise bidding for awarding 3G licenses used in Sweden and the UK, respectively a beauty contest and an auction. The fact is that the Swedish beauty contest has failed to tackle many of the problems discussed in connection with public franchise bidding in an effective way. Sweden has first of all had problems with enforcing the ambitious coverage criteria. The UK has on the other hand succeeded in tackling the problems and raised gov...

Expert system for the optimisation of melt extruded net structures

CSIR Research Space (South Africa)

Rawal, A

2005-01-01

Full Text Available Net structures were produced by replacing the static die (spinneret) with two concentric dies (consisting of slots) rotating in opposite directions in a melt extrusion process. A series of net structures and filaments were produced from a square die...

Coloured Petri Nets

CERN Document Server

Jensen, Kurt

2009-01-01

Coloured Petri Nets (CPN) is a graphical language for modelling and validating concurrent and distributed systems, and other systems in which concurrency plays a major role. This book introduces the constructs of the CPN modelling language and presents the related analysis methods. It provides a comprehensive road map for the practical use of CPN.

The Uniframe .Net Web Service Discovery Service

National Research Council Canada - National Science Library

Berbeco, Robert W

2003-01-01

Microsoft .NET allows the creation of distributed systems in a seamless manner Within NET small, discrete applications, referred to as Web services, are utilized to connect to each other or larger applications...

Conceptual design of an electron cyclotron wave system for NET/ITER

International Nuclear Information System (INIS)

Kasparek, W.; Kumric, H.; Mueller, G.A.; Pretterebner, J.; Schueller, P.G.; Wagner, D.

1991-07-01

Electron Cyclotron waves (ECWs) provide a scheme for electron heating, which, owing to the strong localization of the resonant interaction with the plasma, allows an efficient tailoring of the power deposition profile. In the proposed ITER reference scenario for current drive and heating, ECWs are considered to assist plasma formation, pre-heating, local current profile control near the q=2 surface and possibly for baking the first wall tiles. For these functions, a total power of 20 MW, CW, at a frequency around 120 GHz is needed. A higher frequency system (140 GHz, 20 MW, CW), is also considered to heat the plasma centre and provide burn control. The same system at increased power could be used for plasma heating to ignition. For NET, due to the higher magnetic field, the frequencies needed for the tasks mentioned above are approximately 140 GHz and 160 GHz, respectively. ECWs are also envisaged for bulk heating of the NET plasma. Here, frequencies of about 160 GHz are necessary. A detailed study for the 120 GHz/20 MW ITER reference system has been performed. Scaling rules as well as additional antenna designs for higher frequency systems have been developed. The design principle was to offer a high degree of flexibility for the wide range of envisaged uses of the ECWs. The ECW system should satisfy the physics requirements, advanced requirements of reliability and availability, and must be compatible with the nuclear environment (which requires radiation resistance as well as remote maintenance of at least the antenna part). Therefore, it has been tried to place the most critical components as far away from the machine as possible. To improve the availability, the installation of 15% spare tubes and transmission systems is proposed. (orig.)

Closing the Health Care Gap in Communities: A Safety Net System Approach.

Science.gov (United States)

Gabow, Patricia A

2016-10-01

The goal of U.S. health care should be good health for every American. This daunting goal will require closing the health care gap in communities with a particular focus on the most vulnerable populations and the safety net institutions that disproportionately serve these communities. This Commentary describes Denver Health's (DH's) two-pronged approach to achieving this goal: (1) creating an integrated system that focuses on the needs of vulnerable populations, and (2) creating an approach for financial viability, quality of care, and employee engagement. The implementation and outcomes of this approach at DH are described to provide a replicable model. An integrated delivery system serving vulnerable populations should go beyond the traditional components found in most integrated health systems and include components such as mental health services, school-based clinics, and correctional health care, which address the unique and important needs of, and points of access for, vulnerable populations. In addition, the demands that a safety net system experiences from an open-door policy on access and revenue require a disciplined approach to cost, quality of care, and employee engagement. For this, DH chose Lean, which focuses on reducing waste to respect the patients and employees within its health system, as well as all citizens. DH's Lean effort produced almost $195 million of financial benefit, impressive clinical outcomes, and high employee engagement. If this two-pronged approach were widely adopted, health systems across the United States would improve their chances of giving better care at costs they can afford for every person in society.

PhantomNet: Exploring Optimal Multicellular Multiple Antenna Systems

Directory of Open Access Journals (Sweden)

Foschini Gerard J

2004-01-01

Full Text Available We present a network framework for evaluating the theoretical performance limits of wireless data communication. We address the problem of providing the best possible service to new users joining the system without affecting existing users. Since, interference-wise, new users are required to be invisible to existing users, the network is dubbed PhantomNet. The novelty is the generality obtained in this context. Namely, we can deal with multiple users, multiple antennas, and multiple cells on both the uplink and the downlink. The solution for the uplink is effectively the same as for a single cell system since all the base stations (BSs simply amount to one composite BS with centralized processing. The optimum strategy, following directly from known results, is successive decoding (SD, where the new user is decoded before the existing users so that the new users' signal can be subtracted out to meet its invisibility requirement. Only the BS needs to modify its decoding scheme in the handling of new users, since existing users continue to transmit their data exactly as they did before the new arrivals. The downlink, even with the BSs operating as one composite BS, is more problematic. With multiple antennas at each BS site, the optimal coding scheme and the capacity region for this channel are unsolved problems. SD and dirty paper (DP are two schemes previously reported to achieve capacity in special cases. For PhantomNet, we show that DP coding at the BS is equal to or better than SD. The new user is encoded before the existing users so that the interference caused by his signal to existing users is known to the transmitter. Thus the BS modifies its encoding scheme to accommodate new users so that existing users continue to operate as before: they achieve the same rates as before and they decode their signal in precisely the same way as before. The solutions for the uplink and the downlink are particularly interesting in the way they exhibit a

'PSA-SPN' - A Parameter Sensitivity Analysis Method Using Stochastic Petri Nets: Application to a Production Line System

International Nuclear Information System (INIS)

Labadi, Karim; Saggadi, Samira; Amodeo, Lionel

2009-01-01

The dynamic behavior of a discrete event dynamic system can be significantly affected for some uncertain changes in its decision parameters. So, parameter sensitivity analysis would be a useful way in studying the effects of these changes on the system performance. In the past, the sensitivity analysis approaches are frequently based on simulation models. In recent years, formal methods based on stochastic process including Markov process are proposed in the literature. In this paper, we are interested in the parameter sensitivity analysis of discrete event dynamic systems by using stochastic Petri nets models as a tool for modelling and performance evaluation. A sensitivity analysis approach based on stochastic Petri nets, called PSA-SPN method, will be proposed with an application to a production line system.

International Clean Energy System Using Hydrogen Conversion (WE-NET). subtask 2. Research study on promotion of international cooperation; Suiso riyo kokusai clean energy system gijutsu (WE-NET). subtask 2. Kokusai kyoryoku suishin no tame no chosa kento

Energy Technology Data Exchange (ETDEWEB)

NONE

1997-03-01

This paper describes the research result on promotion of international cooperation in the WE-NET project in fiscal 1996. The WE-NET project aims at development of the total system for hydrogen production, transport, storage and utilization, and construction of the earth-friendly innovative global clean energy network integrating elemental technologies. Since the standpoint is different between latent resource supplying countries and technology supplying countries, the WE-NET project should be constantly promoted under international understanding and cooperation. The committee distributed the annual summary report prepared by NEDO to overseas organizations, and made positive PR activities in the 11th World Conference and others. The committee made the evaluation on the improvement effect of air pollution by introducing a hydrogen vehicle in combination with Stanford University, and preparation of PR video tapes for hydrogen energy. Preliminary arrangement of Internet home pages, establishment of a long-term vision for international cooperation, and proposal toward the practical WE-NET are also made. 9 figs., 13 tabs.

NaNet: a low-latency NIC enabling GPU-based, real-time low level trigger systems

International Nuclear Information System (INIS)

Ammendola, Roberto; Biagioni, Andrea; Frezza, Ottorino; Cicero, Francesca Lo; Lonardo, Alessandro; Paolucci, Pier Stanislao; Rossetti, Davide; Simula, Francesco; Tosoratto, Laura; Vicini, Piero; Fantechi, Riccardo; Lamanna, Gianluca; Pantaleo, Felice; Piandani, Roberto; Sozzi, Marco; Pontisso, Luca

2014-01-01

We implemented the NaNet FPGA-based PCIe Gen2 GbE/APElink NIC, featuring GPUDirect RDMA capabilities and UDP protocol management offloading. NaNet is able to receive a UDP input data stream from its GbE interface and redirect it, without any intermediate buffering or CPU intervention, to the memory of a Fermi/Kepler GPU hosted on the same PCIe bus, provided that the two devices share the same upstream root complex. Synthetic benchmarks for latency and bandwidth are presented. We describe how NaNet can be employed in the prototype of the GPU-based RICH low-level trigger processor of the NA62 CERN experiment, to implement the data link between the TEL62 readout boards and the low level trigger processor. Results for the throughput and latency of the integrated system are presented and discussed.

NaNet: a low-latency NIC enabling GPU-based, real-time low level trigger systems

Energy Technology Data Exchange (ETDEWEB)

Ammendola, Roberto [INFN, Rome – Tor Vergata (Italy); Biagioni, Andrea; Frezza, Ottorino; Cicero, Francesca Lo; Lonardo, Alessandro; Paolucci, Pier Stanislao; Rossetti, Davide; Simula, Francesco; Tosoratto, Laura; Vicini, Piero [INFN, Rome – Sapienza (Italy); Fantechi, Riccardo [CERN, Geneve (Switzerland); Lamanna, Gianluca; Pantaleo, Felice; Piandani, Roberto; Sozzi, Marco [INFN, Pisa (Italy); Pontisso, Luca [University, Rome (Italy)

2014-06-11

We implemented the NaNet FPGA-based PCIe Gen2 GbE/APElink NIC, featuring GPUDirect RDMA capabilities and UDP protocol management offloading. NaNet is able to receive a UDP input data stream from its GbE interface and redirect it, without any intermediate buffering or CPU intervention, to the memory of a Fermi/Kepler GPU hosted on the same PCIe bus, provided that the two devices share the same upstream root complex. Synthetic benchmarks for latency and bandwidth are presented. We describe how NaNet can be employed in the prototype of the GPU-based RICH low-level trigger processor of the NA62 CERN experiment, to implement the data link between the TEL62 readout boards and the low level trigger processor. Results for the throughput and latency of the integrated system are presented and discussed.

NaNet:a low-latency NIC enabling GPU-based, real-time low level trigger systems

CERN Document Server

INSPIRE-00646837; Biagioni, Andrea; Fantechi, Riccardo; Frezza, Ottorino; Lamanna, Gianluca; Lo Cicero, Francesca; Lonardo, Alessandro; Paolucci, Pier Stanislao; Pantaleo, Felice; Piandani, Roberto; Pontisso, Luca; Rossetti, Davide; Simula, Francesco; Sozzi, Marco; Tosoratto, Laura; Vicini, Piero

2014-01-01

We implemented the NaNet FPGA-based PCI2 Gen2 GbE/APElink NIC, featuring GPUDirect RDMA capabilities and UDP protocol management offloading. NaNet is able to receive a UDP input data stream from its GbE interface and redirect it, without any intermediate buffering or CPU intervention, to the memory of a Fermi/Kepler GPU hosted on the same PCIe bus, provided that the two devices share the same upstream root complex. Synthetic benchmarks for latency and bandwidth are presented. We describe how NaNet can be employed in the prototype of the GPU-based RICH low-level trigger processor of the NA62 CERN experiment, to implement the data link between the TEL62 readout boards and the low level trigger processor. Results for the throughput and latency of the integrated system are presented and discussed.

78 FR 45524 - Auction of H Block Licenses in the 1915-1920 MHz and 1995-2000 MHz Bands; Comment Sought on...

Science.gov (United States)

2013-07-29

... prospective transmitter sites located in, or near, the geographic area for which it plans to bid; confirm the... geographic areas as that applicant. 26. After the close of bidding, bidders' license selections, upfront... reasoning. B. Auction Structure i. Bidding Rounds 28. Under the Bureau's proposal to use an SMR format...

The Wasteland Auction Policy in Northwest China: Solving Environmental Degradation and Rural Poverty? / Rural Development in Transitional China: A Special Issue

NARCIS (Netherlands)

Ho, P.P.S.

2003-01-01

In order to relieve rural poverty and solve the problem of soil and water erosion on marginal land, various provinces and regions throughout China proclaimed a new policy in the late 1980s and early 1990s. This 'Four Wastelands Auction Policy' attempts to boost the development of land of low

RadNet Air Data From Sacramento, CA

Science.gov (United States)

This page presents radiation air monitoring and air filter analysis data for Sacramento, CA from EPA's RadNet system. RadNet is a nationwide network of monitoring stations that measure radiation in air, drinking water and precipitation.

RadNet Air Data From Honolulu, HI

Science.gov (United States)

This page presents radiation air monitoring and air filter analysis data for Honolulu, HI from EPA's RadNet system. RadNet is a nationwide network of monitoring stations that measure radiation in air, drinking water and precipitation.

RadNet Air Data From Houston, TX

Science.gov (United States)

This page presents radiation air monitoring and air filter analysis data for Houston, TX from EPA's RadNet system. RadNet is a nationwide network of monitoring stations that measure radiation in air, drinking water and precipitation.

RadNet Air Data From Austin, TX

Science.gov (United States)

This page presents radiation air monitoring and air filter analysis data for Austin, TX from EPA's RadNet system. RadNet is a nationwide network of monitoring stations that measure radiation in air, drinking water and precipitation.