We incorporate large losses risks into the DeM arzo et al.(2012) model of dynamic agency and the q theory of investment.The large losses risks induce losses costs and losses arising from agency conflicts during the la...We incorporate large losses risks into the DeM arzo et al.(2012) model of dynamic agency and the q theory of investment.The large losses risks induce losses costs and losses arising from agency conflicts during the large losses prevention process.Both of them reduce firm’s value,distort investment policy and generate a deeper wedge between the marginal and average q.In addition,we study the implementation of the contract to enhance the practical utility of our model.The agent optimally manages the firm’s cash flow and treats the cash reservation and credit line as the firm’s financial slack,and hedges the productivity shocks and large losses shocks via futures and insurance contracts,respectively.展开更多
This paper presents a fuzzy logic based three phase four wire four-leg shunt active power filter to suppress harmonic currents. Modified instantaneous p-q theory is adopted for calculating the compensating current. Fu...This paper presents a fuzzy logic based three phase four wire four-leg shunt active power filter to suppress harmonic currents. Modified instantaneous p-q theory is adopted for calculating the compensating current. Fuzzy-adaptive hysteresis band technique is applied for the current control to derive the switching signals for the voltage source inverter. A fuzzy logic controller is developed to control the voltage of the DC capacitor. Computer simulations are carried out on a sample power system to demonstrate the suitability of the proposed control strategy, for harmonic reduction under three different conditions namely, ideal, unbalance, unbalance and distorted source voltage conditions. The proposed control strategy is found to be effective to reduce the harmonics and compensate reactive power and neutral current and balance load currents under ideal and non-ideal source voltage conditions.展开更多
基金Supported by the National Natural Science Foundation of China(11571310 and 71371168)
文摘We incorporate large losses risks into the DeM arzo et al.(2012) model of dynamic agency and the q theory of investment.The large losses risks induce losses costs and losses arising from agency conflicts during the large losses prevention process.Both of them reduce firm’s value,distort investment policy and generate a deeper wedge between the marginal and average q.In addition,we study the implementation of the contract to enhance the practical utility of our model.The agent optimally manages the firm’s cash flow and treats the cash reservation and credit line as the firm’s financial slack,and hedges the productivity shocks and large losses shocks via futures and insurance contracts,respectively.
文摘This paper presents a fuzzy logic based three phase four wire four-leg shunt active power filter to suppress harmonic currents. Modified instantaneous p-q theory is adopted for calculating the compensating current. Fuzzy-adaptive hysteresis band technique is applied for the current control to derive the switching signals for the voltage source inverter. A fuzzy logic controller is developed to control the voltage of the DC capacitor. Computer simulations are carried out on a sample power system to demonstrate the suitability of the proposed control strategy, for harmonic reduction under three different conditions namely, ideal, unbalance, unbalance and distorted source voltage conditions. The proposed control strategy is found to be effective to reduce the harmonics and compensate reactive power and neutral current and balance load currents under ideal and non-ideal source voltage conditions.
