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For the purpose, we develop a multi-objective optimization model for robust microgrid planning, on the basis of an economic robustness measure, i.e. the worst-case cost among possible scenarios, to reduce the variability among scenario costs caused by uncertainties.
In places like Silicon Valley the quest for newer and better stuff results in technology patents, a clear measure of economic robustness.
Fittingly, even as the sequestration's hammer is poised to come down, The Wall Street Journal reports that the market for luxury goods is booming.The newspaper characterizes this as evidence of the economic robustness, connecting "The economy has bounced back from recession" to "As a result, wealthy Americans are spending freely on expensive clothing, accessories, jewelry and beauty products".
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Different economic and robustness requirements can be met by implementing various congestion management strategies by the DSO.
Also, in this iterative process of Fine-Tuning, it is usual to use different (generally conflicting/opposed) criteria that take into account the sensitivities that always appear in every project, such as economic, security, robustness, performance, for example.
The economic efficiency and robustness of the proposed congestion management strategy is demonstrated by an actual 0.4 kV distribution system in Denmark.
Four configurations of membrane-based toluene recovery process are investigated to quantitatively compare economic, environmental and robustness performance of each configuration.
Robust economic control chart designs incorporating robustness with regard to the uncertainty in the cost and process parameters, reported in the literature, fall into two broad categories.
The less confident the Fed is about the robustness of economic recovery at home, the greater is its interest in minimising external headwinds.
But White House officials also know that Mr. Obama's success will turn far more on the robustness of economic recovery than on how they talk about it.
Assessment robustness of economic and financial; and.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com