We propose nonparametric tests for the null hypothesis of time stochastic dominance. Time dominance makes a partial order different prospects over based on net present value criteria general utility and discount function classes. For example, can be used ranking investment strategies or environmental policies expected future benefits. consider an Lp-type test statistic derive its large sample d...

The IEEE 1588 precision time protocol (PTP) time-setting mode of operation can be used to dramatically improve the quality of time-based systems that rely on a physical layer syntonization source in addition to PTP. Based on the standardized PTP protocol and common network frequency distribution techniques, the PTP time-setting mode of operation is capable of distributing time over packet-based...

it is known that a stochastic dierential equation (sde) induces two probabilisticobjects, namely a diusion process and a stochastic ow. while the diusion process isdetermined by the innitesimal mean and variance given by the coecients of the sde,this is not the case for the stochastic ow induced by the sde. in order to characterize thestochastic ow uniquely the innitesimal covariance give...

in this paper, we present the numerical solution of ordinary dierential equations (or sdes), from each order especially second-order with time-varying and gaussian random coecients. we indicate a complete analysis for second-order equations in special case of scalar linear second-order equations (damped harmonic oscillators with additive or multi- plicative noises). making stochastic dierent...

We propose a stochastic model for the daily operation scheduling of a generation system including pumped storage hydro plants and wind power plants, where the uncertainty is represented by the hourly wind power production. In order to assess the value of the stochastic modeling, we discuss two case studies: in the former the scenario tree is built so as to include both low and high wind power p...