Patent application number | Description | Published |
20110071882 | METHOD AND SYSTEM FOR INTERMEDIATE TO LONG-TERM FORECASTING OF ELECTRIC PRICES AND ENERGY DEMAND FOR INTEGRATED SUPPLY-SIDE ENERGY PLANNING - A method of price forecasting in an electrical energy supply network and/or load (energy demand) forecasting of a given consumer of electrical energy, in the context of an electrical energy supply network that is adapted to supply electrical energy to a number consumers connected to the network. The method includes developing a multi-regime, regime switching stochastic model for determining day ahead/spot market energy prices using at least one historical profile and subjective opinion from at least one expert; and the multiple regimes correspond to a number of combinations of physical factors. A regime is identifiable by at least three factors. The method thus facilitates identifying the optimal mix of energy hedge and exposure to day ahead/spot market prices for deriving economic benefits in overall energy expenditure. | 03-24-2011 |
20110178833 | DEVELOPING AN OPTIMAL LONG TERM ELECTRICITY GENERATION CAPACITY RESOURCE PLAN UNDER A CARBON DIOXIDE REGULATORY REGIME - There are provided a method and system for optimizing of a long-term electricity resource plan. The system obtains a capital costs component value including capital costs for emission abatement retrofits at an existing power plant and a new power plant over a period of time. The system obtains a fuel costs component value including the sum of fuel utilization of all generating units in the existing power plant and new power plant over the period of time. The system obtains an emission costs component value including emission allowance costs and emission violation costs in the period of time. The system adds the capital costs component value, the fuel costs component value and the emission costs component value to compute a net present value that meets emission constraints. | 07-21-2011 |
20130013376 | METHOD AND SYSTEM FOR INTERMEDIATE TO LONG-TERM FORECASTING OF ELECTRIC PRICES AND ENERGY DEMAND FOR INTEGRATED SUPPLY-SIDE ENERGY PLANNING - A method of price forecasting in an electrical energy supply network and/or load (energy demand) forecasting of a given consumer of electrical energy, in the context of an electrical energy supply network that is adapted to supply electrical energy to a number consumers connected to the network. The method includes developing a multi-regime, regime switching stochastic model for determining day ahead/spot market energy prices using at least one historical profile and subjective opinion from at least one expert; and the multiple regimes correspond to a number of combinations of physical factors. A regime is identifiable by at least three factors. The method thus facilitates identifying the optimal mix of energy hedge and exposure to day ahead/spot market prices for deriving economic benefits in overall energy expenditure. | 01-10-2013 |
20150019458 | MULTISTAGE OPTIMIZATION OF ASSET HEALTH VERSUS COSTS TO MEET OPERATION TARGETS - A method for determining an optimal multi-stage asset management policy includes providing a plurality of decision epochs and a number of admissible asset health levels for each decision epoch, providing a portfolio of assets over the admissible asset health levels in an initial decision epoch, providing a plurality of state transition probabilities between states of an underlying asset health dynamics process for the decision epochs, where each state corresponds to a percentage of assets that has a given health level in a given decision epoch, providing an action set to which admissible actions of the state transition probabilities belong, where an action changes a state transition probability, and determining cost functions of the admissible actions on a per-asset basis, where operational targets impose constraints on probabilities that the asset health of the portfolio of assets, in one or more decision epochs, is within a specified range. | 01-15-2015 |
Patent application number | Description | Published |
20080208658 | METHOD AND SYSTEM FOR ESTIMATING SUPPLY IMPACT ON A FIRM UNDER A GLOBAL CRISIS - The availability of relevant business resources, or supply, during a global crisis or disruption are estimated by using a forecast of a baseline supply of human resources and various forms of infrastructure and raw materials for a firm as input. That forecast is corrected to account for the impact of a crisis or other disruption, and a corrected forecast as output is provided. The corrected forecast reflects changes in the availability of business resources due to the crisis or disruption, dependencies between resources, as well as any mitigating effects resulting from the implementation of mitigation policies. | 08-28-2008 |
20080235151 | METHOD AND SYSTEM FOR RISK-HEDGING IN PROJECT MANAGEMENT - A computer program product stored on machine readable media including machine readable instructions for selecting a project portfolio from available projects, the instructions for implementing a method include inputting an investment cost and a return for each available project and user-specified constraints; creating a formulation, the formulation comprising the investment cost and the return for each available project, the constraints and variables, the variables comprising for each available project a threshold probability of success and a selection decision; solving the formulation to select the project portfolio and to determine the threshold probability of success for each available project; and outputting the project portfolio and the threshold probability of success for each available project. | 09-25-2008 |
20090182598 | METHOD AND SYSTEM FOR PLANNING OF SERVICES WORKFORCE STAFFING USING HIRING, CONTRACTING AND CROSS-TRAINING - A method and system for workforce planning in one aspect provide an optimization model that produce, based on the availability profile and the demand profile of skill types, a workforce plan recommending a combination of actions. The combination of actions may include hiring, contracting and cross-training. The optimization model considers constraints such as minimum residence time that a resource unit needs to spend in a skill-type that it gets cross-trained into or hired into, minimum acceptable contracting duration for a contracted skill type, first order and higher orders of cross-training for a skill type, with lead-time for training, one or more system rules associated with transfer sequences, or targets on service levels and resource utilization, or combinations thereof in determining the workforce plan. | 07-16-2009 |
20090271230 | METHOD AND SYSTEM FOR SOLVING STOCHASTIC LINEAR PROGRAMS WITH CONDITIONAL VALUE AT RISK CONSTRAINTS - An apparatus including a calculator to determine an optimal solution to a stochastic linear programming problem or a stochastic mixed-ineteger linear programming problem with conditional value at risk constraints (CVaRs). The optimal solution is determined by generating a sequence of solutions that converge to the optimal solution. | 10-29-2009 |
20090281956 | METHOD AND SYSTEM FOR ENTERPRISE PORTFOLIO OPTIMIZATION - A portfolio generating system includes a portfolio optimizing unit configured to generate an optimized portfolio. | 11-12-2009 |
20100088138 | METHOD AND SYSTEM FOR INTEGRATED SHORT-TERM ACTIVITY RESOURCE STAFFING LEVELS AND LONG-TERM RESOURCE ACTION PLANNING FOR A PORTFOLIO OF SERVICES PROJECTS - An integrated method for achieving short-term activity resource staffing levels and long-term resource action planning for a portfolio of services projects is presented. The method establishes the short-term resource-staffing level for each project activity in a portfolio of services projects, subject to short-term resource availability in each skill type and substitutability among skill types. It further establishes the long-term resource-staffing level and long-term resource action planning using combination of a plurality of resource actions that include hiring, contracting, and cross-training of skill types. | 04-08-2010 |
20100131329 | METHOD AND SYSTEM FOR SMART METER PROGRAM DEPLOYMENT - A method, system and article of manufacture are disclosed for modeling a plan for deployment of smart meters in a plurality of locations that are attached to a grid operated by an energy provider that supplies energy to said locations, wherein the smart meters are used to measure the energy supplied by the energy provider to said locations. The method comprises the steps of using a market diffusion model to create a time-varying user adoption profile, including estimating the time lagged benefits realized from deployment of the smart meters; and estimating a response in the demand for said energy due to adoption of the smart meters. A program is used to capture the time-lagged benefits and a given set of constrains for a chosen planning time horizon to develop a meter deployment plan across the various locations and over that planning horizon. | 05-27-2010 |
Patent application number | Description | Published |
20110270647 | METHOD AND SYSTEM FOR ESTIMATING RISK IN THE FINANCIAL METRICS OF A BUSINESS CASE - The system and method of the present disclosure allow the user to enumerate a set of risk factors for each financial metric time-profile projection, and respond to a set of questions that is linear in the number of risk factors. In one embodiment, the risk elicitation on each risk factor uses user input of likelihood of risk and impact and/or severity. On each of the risk factors for any given nominal, financial projection estimate, the inputs are systematically converted into a net impact distribution for that nominal, financial estimate. | 11-03-2011 |
20110276514 | EVALUATING THE QUALITY AND RISK-ROBUSTNESS OF AN ENERGY GENERATION CAPACITY RESOURCE PLAN UNDER INHERENT UNCERTAINTIES IN ENERGY MARKETS AND CARBON REGULATORY REGIME - The present invention includes a computing system for evaluating a quality and risk-robustness of a utility company's capacity resource plan (CRP). The computing system computes a net present value of a total cost distribution of the CRP. The computing system calculates a standardized risk measure defined over the net present value. The computing system computes a resource plan that minimizes the standardized risk measure. Then, the computing system compares the standardized risk measure and the resource plan. | 11-10-2011 |
20120185406 | FAST AND ACCURATE METHOD FOR ESTIMATING PORTFOLIO CVaR RISK - A method, system and computer program product for measuring a risk of an asset portfolio. The system estimates a β-level CVaR (Conditional Value-at-Risk) of the asset portfolio by modeling interdependencies between assets in the asset portfolio. The modeling is based on Gaussian copula model. | 07-19-2012 |
20120311549 | NON-INTRUSIVELY ADAPTING EXISTING PORTFOLIO OPTIMIZER FOR VALUATED DEPENDENCIES - Adapting an existing portfolio optimizer to support one or more valuated dependencies without modifying the existing portfolio optimizer, may include translating one or more original elements and associated dependencies in a portfolio to be optimized based on said one or more valuated dependencies; invoking the existing portfolio optimizer with the translated one or more original elements and associated dependencies; and translating optimization results, if said optimization results contain translated one or more original elements, into a solution characterized in terms of said one or more original elements. | 12-06-2012 |
20130325763 | PREDICTING LIKELIHOOD OF ON-TIME PRODUCT DELIVERY, DIAGNOSING ISSUES THAT THREATEN DELIVERY, AND EXPLORATION OF LIKELY OUTCOME OF DIFFERENT SOLUTIONS - A task effort estimator may determine a probability distribution of an estimated effort needed to complete unfinished tasks in a project based on one or more of a set of completed tasks belonging to a project and attributes associated with the completed tasks belonging to the project, a set of completed tasks not belonging to the project and attributes associated with the completed tasks not belonging to the project, or the combination of both. A project completion predictor may determine a probability distribution of completion time for the project based on the probability distribution of an estimated effort needed to complete the unfinished tasks in the project, and one or more resource and scheduling constraints associated with the project. | 12-05-2013 |