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| 1 | Bi-level optimization based two-stage market clearing model considering guaranteed accommodation of renewable energy generation显示文摘The existing electricity market mechanisms designed to promote the consumption of renewable energy generation complicate network participation in market transactions owing to an unfair market competition environment,where the low cost renewable energy generation is not reflected in the high bidding price of high cost conventional energy generation.This study addresses this issue by proposing a bi-level optimization based two-stage market clearing model that considers the bidding strategies of market players,and guarantees the accommodation of renewable energy generation.The first stage implements a dual-market clearing mechanism that includes a unified market for trading the power generations of both renewable energy and conventional energy units,and a subsidy market reserved exclusively for conventional generation units.A re-adjustment clearing mechanism is then proposed in the second stage to accommodate the power generation of remaining renewable energy units after first stage energy allocations.Each stage of the proposed model is further described as a bi-level market equilibrium problem and is solved using a co-evolutionary algorithm.Finally,numerical results involving an improved IEEE 39-bus system dem-onstrate that the proposed two-stage model meets the basic requirements of incentive compatibility and individual rationality.It can facilitate the rational allocation of resources,promote the economical operation of electric power grids,and enhance social welfare. | Qianya He Zhenjia Lin Haoyong Chen Xinyun Dai Yirui Li Xin Zeng | 2022 | Protection and Control of Modern Power Systems2022，7，1： | 2 |
| 2 | Diagnosing the environmental impacts of typical fatliquors in leather manufacture from life cycle assessment perspective显示文摘The environmental impacts of typical fatliquors were diagnosed by the life cycle assessment of industrial production and use(post-tanning)processes.Life cycle impact assessment and sensitivity analysis showed that fatliquor and fatliquoring operation were the major contributors to the environmental impacts of post-tanning because a large amount of fatliquors was consumed during fatliquoring operation.The environmental impacts of fatliquors decreased in the following order:chlorinated paraffin(CP)>sulfonated rape oil(SNR)>sulfated rape oil(SR)>phosphated rape oil(PR)>oxidized-sulfited rape oil(OSR).Sulfuric acid,fuming sulfuric acid,and chlorine used for fatliquor modification gave the main contribution to most impact categories for SR,SNR,and CP production,whereas rape oil contributed the most for PR and OSR production.OSR use process reduced the primary energy demand,abiotic depletion potential,and global warming potential by 38.5%,56.0%,and 48.5%,respectively,compared with CP use process.These results suggested that biomass-derived fatliquors,especially oxidized-sulfited and phosphate modified fatiliquors,helped reduce the environmental burdens in leather manufacturing. | Yue Yu Qingyong Sun Yunhang Zeng Yirui Lin Ya-nan Wang Bi Shi | 2022 | Journal of Leather Science and Engineering2022，4，1： | 0 |
| 3 | The impact of bond rating downgrades on common stock prices in China显示文摘In this paper,we examine how bond rating downgrades affect common stock prices in China by using the data of all the bond rating downgrades in China during the period from 1 January 2008 to 30 May 2016.To provide empirical evidence for the theory in Goh and Ederington(1993),we classify the samples according to the downgrade reasons and the bonds’time to maturity and examine the abnormal returns of each group in different windows.The empirical results show that the downgrades due to deteriorating financial prospects have a negative effect on stock prices and that this effect lags behind.The downgrades due to leverage changes have no significant effect on stock prices.Meanwhile,the variation in the decrease in stock prices due to rating downgrades of bonds that will mature within three years is significantly larger than that of those which will mature after more than three years. | Bo Huang Lin He Shanshan Xiong Yirui Zhang | 2018 | Economic and Political Studies2018，6，2： | 0 |
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