Energy consumption: Habits determine demand

Electricity Demand and Energy Consumption Management System

This project describes the electricity demand and energy consumption management system and its application to Southern Peru smelter. It is composed of an hourly demand-forecasting module and of a simulation component for a plant electrical system. The first module was done using dynamic neural networks with backpropagation training algorithm; it is used to predict the electric power demanded ev...

economic optimization and energy consumption in tray dryers

دراین پروژه به بررسی مدل سازی خشک کردن مواد غذایی با استفاده از هوای خشک در خشک کن آزمایشگاهی نوع سینی دار پرداخته شده است. برای آنالیز انتقال رطوبت در طی خشک شدن به طریق جابجایی، یک مدل لایه نازک برای انتقال رطوبت، مبتنی بر معادله نفوذ فیک در نظر گفته شده است که شامل انتقال همزمان جرم و انرژی بین فاز جامد و گاز می باشد. پروفایل دما و رطوبت برای سه نوع ماده غذایی شامل سیب زمینی، سیب و موز در طی...

Solving Consumption Models with Habits

Rational habits in residential electricity demand

Dynamic partial adjustment models of residential electricity demand account for the fact that households may not adjust electricity consumption immediately in response to changes in prices, income, and other relevant factors, because of behavioral habits or adjustment costs for the capital stock of appliances. However, forward-looking behavior is generally neglected. Expectations about future p...

Non-addictive habits: optimal consumption-portfolio policies

We formulate a model of preferences with non-addictive habits, where consumption is required to be non-negative at all times, but is allowed to fall below a “standard of living” index that aggregates past consumption. In this context we study the consumption-portfolio choice problem taking account of the non-negativity constraint on consumption, and provide a constructive proof for the existenc...