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In this paper we propose a semi-Markov modulated model of interest rates. We assume that the switching process is a semi-Markov process with finite state space E and the modulated process is a diffusive process. We derive recursive…

Pricing of Securities · Quantitative Finance 2012-10-12 Guglielmo D'Amico , Raimondo Manca , Giovanni Salvi

Based on the Langevin equation it has been proposed to obtain power curves for wind turbines from high frequency data of wind speed measurements u(t) and power output P (t). The two parts of the Langevin approach, power curve and drift…

Data Analysis, Statistics and Probability · Physics 2015-11-09 Tanja A. Mücke , Matthias Wächter , Patrick Milan , Joachim Peinke

This work presents an investigation on different methods for the calculation of the angle of attack and the underlying induced velocity on wind turbine blades using data obtained from three-dimensional Computational Fluid Dynamics (CFD).…

Wind power generation exhibits a strong temporal variability, which is crucial for system integration in highly renewable power systems. Different methods exist to simulate wind power generation but they often cannot represent the crucial…

Data Analysis, Statistics and Probability · Physics 2018-04-04 Juliane Weber , Christopher Zachow , Dirk Witthaut

The offshore wind energy is increasingly becoming an attractive source of energy due to having lower environmental impact. Effective operation and maintenance that ensures the maximum availability of the energy generation process using…

Artificial Intelligence · Computer Science 2022-11-28 Sohag Kabir , Koorosh Aslansefat , Prosanta Gope , Felician Campean , Yiannis Papadopoulos

Modelling all possible life cycles of a company in a highly competitive economic environment gives a significant advantage to the owner in his business investment activities. This article proposes and analyses a dynamic model of a company's…

General Finance · Quantitative Finance 2019-04-23 O. A. Malafeyev , I. I. Pavlov

This study aims to leverage the relationship between fluid dynamic loading and resulting structural deformation to infer the incident flow speed from measurements of time-dependent structure kinematics. Wind tunnel studies are performed on…

Fluid Dynamics · Physics 2021-03-19 Jennifer L. Cardona , Katherine L. Bouman , John O. Dabiri

Edge Computing enables low-latency processing for real-time applications but introduces challenges in power management due to the distributed nature of edge devices and their limited energy resources. This paper proposes a stochastic…

Distributed, Parallel, and Cluster Computing · Computer Science 2025-11-07 Fabio Diniz Rossi

One of the main tasks in the study of financial and economic processes is forecasting and analysis of the dynamics of these processes. Within this task lie important research questions including how to determine the qualitative properties…

Chaotic Dynamics · Physics 2021-02-03 Tatyana A. Alexeeva , William A. Barnett , Nikolay V. Kuznetsov , Timur N. Mokaev

We study the statistics of the horizontal component of atmospheric boundary layer wind speed. Motivated by its non-stationarity, we investigate which parameters remain constant or can be regarded as being piece-wise constant and explain how…

Data Analysis, Statistics and Probability · Physics 2008-11-21 T. Laubrich , F. Ghasemi , J. Peinke , H. Kantz

A new branch based on Markov processes is developing in the recent literature of financial time series modeling. In this paper, an Indexed Markov Chain has been used to model high frequency price returns of quoted firms. The peculiarity of…

Statistical Finance · Quantitative Finance 2018-02-06 Guglielmo D'Amico , Ada Lika , Filippo Petroni

An extended theoretical approach is proposed to predict the average power of wind turbines in a large finite-size wind farm. The approach is based on the two-scale momentum theory proposed recently for the modelling of ideal very large wind…

Fluid Dynamics · Physics 2018-10-12 Takafumi Nishino

Accurate prediction of wind speed and power is vital for enhancing the efficiency of wind energy systems. Numerous solutions have been implemented to date, demonstrating their potential to improve forecasting. Among these, deep learning is…

Machine Learning · Computer Science 2024-01-17 Mulomba Mukendi Christian , Yun Seon Kim , Hyebong Choi , Jaeyoung Lee , SongHee You

The flow speed-up generated by windbreaks can be used to increase the power production of wind turbines. However, due to the increased drag imposed by the windbreaks, their use in large wind turbine arrays has been questioned. We use large…

Fluid Dynamics · Physics 2021-08-04 Luoqin Liu , Richard J. A. M. Stevens

Fast and accurate hourly forecasts of wind speed and power are crucial in quantifying and planning the energy budget in the electric grid. Modeling wind at a high resolution brings forth considerable challenges given its turbulent and…

Applications · Statistics 2021-12-09 Huang Huang , Stefano Castruccio , Marc G. Genton

Forecasting a particular variable can depend upon temporal or spatial scale. Temporal variations that indicate variations with time, reflect the stochasticity present in the variable. Spatial variation usually are dominant in climatology…

Signal Processing · Electrical Eng. & Systems 2020-09-07 Harsh S. Dhiman , Dipankar Deb

We propose a statistical approach to tornadoes modeling for predicting and simulating occurrences of tornadoes and accumulated cost distributions over a time interval. This is achieved by modeling the tornadoes intensity, measured with the…

Atmospheric and Oceanic Physics · Physics 2015-03-18 Chiara Corini , Guglielmo D'Amico , Filippo Petroni , Flavio Prattico , Raimondo Manca

On the basis of the author's earlier results, a new source function for a numerical wind-wave model optimized by the criterion of accuracy and speed of calculation is substantiated. The proposed source function includes (a) an optimized…

Atmospheric and Oceanic Physics · Physics 2010-06-30 Vladislav Polnikov

This case study presents an analysis and quantification of the impact of the lack of co-optimization of energy and reserve in the presence of high penetration of wind energy. The methodology is developed in a companion paper, Part I. Two…

General Finance · Quantitative Finance 2021-07-21 Yves Smeers , Sebastian Martin , Jose A. Aguado

Uncertainty analysis in the form of probabilistic forecasting can significantly improve decision making processes in the smart power grid for better integrating renewable energy sources such as wind. Whereas point forecasting provides a…

Machine Learning · Statistics 2017-10-05 Kostas Hatalis , Alberto J. Lamadrid , Katya Scheinberg , Shalinee Kishore