The following contribution aims at explaining BNetzA’s role in energy infrastructure regulation and planning/permitting of high-voltage electricity nationwide and cross-border transmission lines. It shows the interpl...The following contribution aims at explaining BNetzA’s role in energy infrastructure regulation and planning/permitting of high-voltage electricity nationwide and cross-border transmission lines. It shows the interplay of the two main regulatory instruments and the planning/permitting task as well as more generally the changing role of the regulator in the era of energy transition. The article is based on two presentations on the topic, one at the VIIth WFER in Mexico in March 2018 and one at a conference on “The Governance of Maintenance and Investment in Infrastructures” of the University of Paris-Dauphine in April 2018.展开更多
The Burst Time Plan(BTP) generation is the key for resource allocation in Broadband Satellite Multimedia(BSM) system.The main purpose of this paper is to minimize the system response time to users' request caused ...The Burst Time Plan(BTP) generation is the key for resource allocation in Broadband Satellite Multimedia(BSM) system.The main purpose of this paper is to minimize the system response time to users' request caused by BTP generation as well as maintain the Quality of Service(QoS) and improve the channel utilization efficiency.Traditionally the BTP is generated periodically in order to simplify the implementation of the resource allocation algorithm.Based on the analysis we find that Periodical BTP Generation(P-BTPG) method cannot guarantee the delay performance,channel utilization efficiency and QoS simultaneously,especially when the capacity requests arrived randomly.The Optimized BTP Generation(O-BTPG) method is given based on the optimal scheduling period and scheduling latency without considering the signaling overhead.Finally,a novel Asynchronous BTP Generation(A-BTPG) method is proposed which is invoked according to users' requests.A BSM system application scenario is simulated.Simulation results show that A-BTPG is a trade-off between the performance and signaling overhead which can improve the system performance insensitive to the traffic pattern.This method can be used in the ATM onboard switching satellite system and further more can be expended to Digital Video Broadcasting-Return Channel Satellite(DVB-RCS) system or IP onboard routing BSM system in the future.展开更多
This paper studies a defined contribution(DC)pension fund investment problem with return of premiums clauses in a stochastic interest rate and stochastic volatility environment.In practice,most of pension plans were s...This paper studies a defined contribution(DC)pension fund investment problem with return of premiums clauses in a stochastic interest rate and stochastic volatility environment.In practice,most of pension plans were subject to the return of premiums clauses to protect the rights of pension members who died before retirement.In the mathematical modeling,we assume that a part of pension members could withdraw their premiums if they died before retirement and surviving members could equally share the difference between accumulated contributions and returned premiums.We suppose that the financial market consists of a risk-free asset,a stock,and a zero-coupon bond.The interest rate is driven by a stochastic affine interest rate model and the stock price follows the Heston’s stochastic volatility model with stochastic interest rates.Different fund managers have different risk preferences,and the hyperbolic absolute risk aversion(HARA)utility function is a general one including a power utility,an exponential utility,and a logarithm utility as special cases.We are concerned with an optimal portfolio to maximize the expected utility of terminal wealth by choosing the HARA utility function in the analysis.By using the principle of dynamic programming and Legendre transform-dual theory,we obtain explicit solutions of optimal strategies.Some special cases are also derived in detail.Finally,a numerical simulation is provided to illustrate our results.展开更多
文摘The following contribution aims at explaining BNetzA’s role in energy infrastructure regulation and planning/permitting of high-voltage electricity nationwide and cross-border transmission lines. It shows the interplay of the two main regulatory instruments and the planning/permitting task as well as more generally the changing role of the regulator in the era of energy transition. The article is based on two presentations on the topic, one at the VIIth WFER in Mexico in March 2018 and one at a conference on “The Governance of Maintenance and Investment in Infrastructures” of the University of Paris-Dauphine in April 2018.
基金Supported by the National Natural Science Foundation ofChina (No. 60972061,60972062,and 61032004)the Na-tional High Technology Research and Development Program of China ("863" Program) (No. 2008AA12A204,2008AA12Z307)+1 种基金Natural Science Foundation of Jiangsu Province (BK2009060)the"Triple Three" High Level Talent Development Plan of Jiangsu Province
文摘The Burst Time Plan(BTP) generation is the key for resource allocation in Broadband Satellite Multimedia(BSM) system.The main purpose of this paper is to minimize the system response time to users' request caused by BTP generation as well as maintain the Quality of Service(QoS) and improve the channel utilization efficiency.Traditionally the BTP is generated periodically in order to simplify the implementation of the resource allocation algorithm.Based on the analysis we find that Periodical BTP Generation(P-BTPG) method cannot guarantee the delay performance,channel utilization efficiency and QoS simultaneously,especially when the capacity requests arrived randomly.The Optimized BTP Generation(O-BTPG) method is given based on the optimal scheduling period and scheduling latency without considering the signaling overhead.Finally,a novel Asynchronous BTP Generation(A-BTPG) method is proposed which is invoked according to users' requests.A BSM system application scenario is simulated.Simulation results show that A-BTPG is a trade-off between the performance and signaling overhead which can improve the system performance insensitive to the traffic pattern.This method can be used in the ATM onboard switching satellite system and further more can be expended to Digital Video Broadcasting-Return Channel Satellite(DVB-RCS) system or IP onboard routing BSM system in the future.
基金supported by the National Social Science Foundation of China (No.21FJYB042)。
文摘This paper studies a defined contribution(DC)pension fund investment problem with return of premiums clauses in a stochastic interest rate and stochastic volatility environment.In practice,most of pension plans were subject to the return of premiums clauses to protect the rights of pension members who died before retirement.In the mathematical modeling,we assume that a part of pension members could withdraw their premiums if they died before retirement and surviving members could equally share the difference between accumulated contributions and returned premiums.We suppose that the financial market consists of a risk-free asset,a stock,and a zero-coupon bond.The interest rate is driven by a stochastic affine interest rate model and the stock price follows the Heston’s stochastic volatility model with stochastic interest rates.Different fund managers have different risk preferences,and the hyperbolic absolute risk aversion(HARA)utility function is a general one including a power utility,an exponential utility,and a logarithm utility as special cases.We are concerned with an optimal portfolio to maximize the expected utility of terminal wealth by choosing the HARA utility function in the analysis.By using the principle of dynamic programming and Legendre transform-dual theory,we obtain explicit solutions of optimal strategies.Some special cases are also derived in detail.Finally,a numerical simulation is provided to illustrate our results.
