Application service providers are trying their best to enhance existing customers’ loyalty because of the prosperous and competitive market. Customers switch suppliers based on economic evaluation. Other suppliers easily imitate the competitive edge derived from price and cost factors. From social exchange theory and relationship management, psychological factors are important for industrial cu...

This research makes two contributions: (i) to price analytically put option and extension premium embedded in a borrower-extendible commitment, and (ii) to compute the dfairT capital charge that corresponds to the commitment dtrueT credit risk. In doing so, the procedure replaces the BIS accountingbased concepts of credit-conversion factor, principal-risk factor, and initial term to maturity of...

As part of the day-ahead market clearing process, MISO solves one of the most challenging Security Constrained Unit Commitment (SCUC) models. With the footprint expansion and increased financial activities, the day-ahead market unit commitment may encounter performance challenges from time to time. This paper reviews MISO’s day-ahead market clearing process and identifies the factors contributi...

The Unit Commitment problem (UC) is a complex mixed-integer nonlinear programming problem, so the main challenge faced by many researchers obtaining optimal solution. Therefore, this dissertation proposes new methodology combining multi-dimensional firefly algorithm with local search called LS-MFA and utilizes it to solve UC problem. In addition, adaptive adjustment, tolerance mechanism, pit-ju...

The reorganization of electricity industry in Spain has finished a new step with the start-up of the Derivatives Market. Nowadays, all electricity transactions in Spain and Portugal are managed jointly through the MIBEL by the Day-Ahead Market Operator and the Derivatives Market Operator. This new framework requires important changes in the short-term optimization strategies of the Generation C...