We propose market timing strategies aiming to exploit the aggregate accruals’ return forecasting power. We examine several performance metrics of the aggregate accruals based market timing strategy such as excess portfolio return, Sharpe ratio, and Jensen’s alpha. We provide robust evidence that, relative to the passive investment strategy of buying and holding the stock market, the market timi...

The generator’s competition strategy has become a pressing research field since the opening of power market. In real market situation Generators have to deal with capacity allocation among different markets (i.e. day-ahead spot market, contract market and ancillary service market) and competition strategy optimization simultaneously. However these two interrelated problems have been studied sep...

introduction: this paper proposes an appropriate strategy for exporting hepatitis b vaccine, manufactured by pasteur institute of iran, to other countries. methods: eeffectiveness factors and their relative variables were found out by factor analysis method in spss software. results: we could identify 6 main factors which can extremely affect the export of this product. we evaluated manufacture...

With the formation of the competitive electricity markets in the world, optimization of bidding strategies has become one of the main discussions in studies related to market designing. Market design is challenged by multiple objectives that need to be satisfied. The solution of those multi-objective problems is searched often over the combined strategy space, and thus requires the simultaneous...

this paper represents a complete survey on generation companies’ (gencos’) optimal bidding strategy problem in restructured power markets. in this regard after an introduction to competitive electricity markets, concept of optimal bidding strategy is presented. considering large amount of works accomplished in this area a novel classification is implemented in order to categorize the existing d...

converted to a public company in 1897 under the chairmanship of Joseph Rowntree. It became one of the country's principal cocoa, chocolate, and confectionery manufacturers, part of a Quaker industrial triumvirate which also included the rival firms of Cadbury and Fry. The commitment of Joseph Rowntree and his son, Benjamin Seebohm, to fair employment and company weftare policies are well docume...

1 Abstract— In this paper, we design and develop a pricing model applicable to strategy proof pricing. To provide an economic stability towards its consumers. The economic model we use is Vickrey-Clarke-Groves (VCG). By this each service provider has to provide a true cost of its services in the cloud market. For the selection of suitable service for the consumer we adopt a dynamic programing ...