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Abstract: Stochastic simulations require large amounts of time to generate enough trajectories to attain statistical significance and estimate desired performance indices with satisfactory accuracy.

Abstract: Smart grids are evolving as the next generation power systems that transform the traditional ways of functioning of present electrical grids. Advanced metering infrastructure (AMI) is one of ...

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Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...