Sharif Digital Repository

Credit risk is one important type of various types of financial risks that banks and financial institutions are exposed to it. Therefore credit risk management for banks and other financial institutions that finance corporations and individuals, has special importance. To make decision about financing clients of the bank and managing credit risk, it is essential to measure credit risk of these clients. In recent decades there are many efforts to measure credit risk and therefore various models have been created for assessing it. In this research, we study the effects of Macroeconomic, firm specific and latent variables on clients default risk, in the context of reduced-form models. The... 

In recent years, the area of research on micro flying robots has been developed due to the development in micro manufacturing technologies. Due to extra advantages of these flying robots, they are implemented in military and civilian missions such as identifying, espionage, aerial relays, traffic surveillance, rescue, aid, etc. Ability to fly in specified areas, without human injuries, low manufacturing and energy costs, easy and fast implementation, Easy Maintenance, etc, which are some advantages of these robots. We can control these robots manually by remote controllers (RC) or by Auto guidance systems. On the other hand, these robots are used in research laboratories for testing new... 

Today we live in an era of continuous technology improvement which results in huge changes in different areas of diverse industries. Among the most recent systems for monitoring and quality control which benefits from high speed, are machine vision systems. The output of these systems, are digital images that can be used for monitoring instead of the original products. Unfortunately due to the computational complexity of data extracted from the digital images, traditional methods lose their efficiency. Therefore, in this thesis, a method is proposed to design a model for the monitoring and control of image-based processes, which uses classification methods, that are capable of classifying... 

One of the biggest problems in improving the performance of submersible propellers is the acoustic standard in conventional propellers. Recently, new solutions in propellers geometry have been used to reduce non-cavitation noise. Designing CRP licenses is one of these methods. This research includes numerical analysis. Numerical analysis in this research solves RANS equations of flow and extraction of hydrodynamic parameters and impeller noise in Ansys software. The results of numerical hydrodynamic solution are validated by laboratory results.DTMB 4119 three-blade propeller is used for hydrodynamic and hydroacoustic validation. The solution of Lighthill equations by FW-H method is... 

Since 1980s the electricity market has been gradually evolving from a monopoly market into a liberalized one for encouraging competition and improving efficiency. This brings the opportunity for generation companies (Gencos) to make more profits while embracing more risks of not being dispatched. Therefore, it has become a core interest for the Gencos to develop optimal bidding strategies to maximize the profits and minimize the risks while participating in such a competitive market. Error of determining day-ahead electricity price is one of the sources of the risk. Energy price has a high impact on bidding strategy optimization process. So it should be determined with low error which is not... 

The process of deregulation that has involved electricity many markets has introduced several new interesting research topics in power system area. This thesis addresses one of the most fascinating issues among them: the study of distributed generation both renewable and conventional integration in distribution networks. From the distribution network operator (DNO)'s point of view, it is of interest to develop a comprehensive methodology which considers various distributed generation technologies as an option for supplying the demand in distribution networks. In this thesis, the planning problem has been multi-objectively modeled. This will help the planner in decision making while knowing... 

Losses are unavoidable in any parts of power systems, from generation to receiving nodes and occur in transmission and distribution networks. However, the main loss component is produced in distribution networks. Energy losses in distribution networks are about 70% of technological transport energy losses.
Energy losses in distribution networks are an important indicator for the planning and operation of the system. A fast, reliable and accurate energy loss calculation method is required for optimal operation of the distribution networks.
Energy loss depends on network's operating conditions. Loads values and loads factors are time variables; therefore, methods based on probability... 

Restructuring and privatization in power system such as any industry leads to better market operation and more social welfare. Since two decade the power system in many countries have changed from monopoly to free market. In a restructured network the technical and economical aspects should be considered together. Ancillary services are needed for any power system to be operated in an optimal and secure manner. Reactive power and voltage regulation is one of the most important ancillary services in the network. this service should be supplied by its providers through a competitive market and system operator determines the optimal dispatch among different bids. The cost of purchasing reactive... 

This thesis addresses the problem of dynamic security assessment in power sys-tems with an emphasis on its application in restructured power systems and issues arising in its applications. The new electric utility environment has an immedi-ate consequence of emphasis on reliability and secure operation of power systems. This requires faster and more precise methods to assess the dynamic aspect of se-curity. On the other hand, this issue is becoming challenging when the determined dispatch might not be accommodated due to violation of the limits.This thesis addresses the problem of dynamic security assessment in power sys-tems with an emphasis on its application in restructured power systems... 

CHP (Combined Heat and Power) generates electricity and thermal energy simultaneously from input fuel. Since it has high energy efficiency and low installation time, it is an appropriate approach in energy management of residential complexes. In this project, stochastic programming based on Monte Carlo approach is used to handle uncertainties in the optimal sizing of CHP for residential complexes. Availability of CHP, boiler and AC bus as well as the electrical and thermal load forecast errors are considered as stochastic variables. Minimizing system total cost considering the probability of each scenario obtained from the scenario reduction algorithm is the objective function. The system... 

Uncertain fuel prices and also global climate changes are accompanied by some state initiatives such as renewable portfolio standards (RPS). This has caused a fast growth in the amount of renewable energy installed worldwide especially wind energy over last decades. However, the intrinsic characteristics of wind farms output power, i.e. intermittency and volatility of wind speed along with being non-dispatchable in output generation of wind turbine raises many new technical and financial challenges for power system operators and planners. Up to these issues, large level of wind power penetration causes a growing concern in wind energy curtailment issue which the wind farm’s operator may be... 

Electricity retailers are one of the power market entities which act as an intermediary between the producers in the wholesale market and the consumers in the retail side. The main task of a retailer in the power market is to set contract with the consumers to supply their electricity during a pre-specified time period and to participate in the wholesale market to supply the electricity needed by its costomers. Retailer’s contract with its customers may be a simple contract with a fixed pre-determined energy price or include some more complicated feathures such as involvement of a percent of green energy or variable price and demand response contracts. Moreover, retailer can supply its... 

Recent years of capitalism bold role and the competitive environment of variant fields of our life, sparking the idea which considers the electricity (one of the most crucial human requirement) as a commodity of a competitive market to be traded between confident subscribers by easy access. Therefore, by converting the exclusive structure of electricity supply system to a competitive one, some new roles are created to fulfill the electricity generation, transmission and distribution processes. Retail is one of the new roles, defined as a power system restructuring development helper by support of electricity trading, which can be involved in different transactions according to the market...