Investment focused strategies in electricity markets using the ITEM-game simulator

This paper presents a methodology to establish investment and trading strategies of a power generation company. These strategies are integrated in the ITEM-Game simulator in order to test their results when played against defined strategies used by other players. The developed strategies are focused on investment decisions, although trading strategies are also implemented to obtain base case results. Two cases are studied considering three players with the same trading strategy. In case 1, all players also have the same investment strategy driven by a market target share. In case 2, player 1 has an improved investment strategy with a target share twice of the target of players 2 and 3. Results put in evidence the influence of the CO2 and fuel prices in the company investment decision. It is also observed the influence of the budget constraint which might prevent the player to take the desired investment decision.

Multi-agent simulation of bilateral contracting in competitive electricity markets

Traditional vertically integrated power utilities around the world have evolved from monopoly structures to open markets that promote competition among suppliers and provide consumers with a choice of services. Market forces drive the price of electricity and reduce the net cost through increased competition. Electricity can be traded in both organized markets or using forward bilateral contracts. This article focuses on bilateral contracts and describes some important features of an agent-based system for bilateral trading in competitive markets. Special attention is devoted to the negotiation process, demand response in bilateral contracting, and risk management. The article also presents a case study on forward bilateral contracting: a retailer agent and a customer agent negotiate a 24h-rate tariff. © 2014 IEEE.

Análise bilateral do timing de ativação dos músculos transverso abdominal/oblíquo interno durante o movimento rápido de flexão de cada membro superior – dominante e não-dominante

Introdução: Por mais de uma década assumiu-se que o transverso abdominal/oblíquo interno (TrA/OI) se comportava como um ventre muscular único, pré-ativando-se bilateralmente de forma simultânea para aumentar a stiffness da coluna lombar, conferindo-lhe estabilidade segmentar durante o movimento de um dos membros superiores. À luz dos estudos atuais sabe-se que tal mecanismo não ocorre, uma vez que o TrA/OI apresenta uma ativação por mecanismo de feedforward predominantemente contralateral ao membro superior movido. Apesar de morfologicamente o TrA/OI do lado não-dominante ser mais hipertrofiado do que o do lado dominante, nada se sabe acerca da influência da dominância nos timings ativação do TrA/OI. Objectivos: Confirmar se o TrA/OI tem um timing de ativação assimétrico durante o movimento rápido de flexão do membro superior (MRMS). Pretende-se ainda avaliar se o timing de ativação do TrA/OI é influenciado pela dominância de lateralidade manual. Métodos: Efectuou-se um estudo observacional descritivo, transversal e duplamente cego com 32 atletas de futebol voluntários com membro superior direito dominante, colocando-os apenas num grupo. Procedeu-se à recolha do sinal eletromiográfico de forma a avaliar os timings de ativação do TrA/OI bilateralmente aquando dos movimentos rápidos de flexão de ambos os membros superiores, à vez. Todos os dados foram tratados estatisticamente com o programa SPSS, versão 20.0 para Mac OS, com um grau de significância de 0,05. Resultados: Verificaram-se diferenças nos timings de ativação dos TrA/OI direito e esquerdo durante os MRMS direito e esquerdo (Teste ANOVA medidas repetidas: F=291,087; p<0,001). O timing de ativação do TrA/OI direito – 29,15(13,15)ms – foi superior ao esquerdo – 4,71(17,32)ms – durante MRMS direito (Teste Post Hoc Bonferroni: p<0,001). O timing de ativação do TrA/OI esquerdo – 31,98(12,50)ms – foi superior ao direito – 12,20(17,40)ms – durante MRMS esquerdo (p<0,001). O timing de ativação do TrA/IO direito aquando do MRMS direito foi superior ao observado durante MRMS esquerdo (p<0,001). O contrário sucedeu em relação ao timing ativação do TrA/IO esquerdo (p<0,001). O timing de ativação do TrA/IO esquerdo no MRMS direito foi inferior ao do TrA/IO direito aquando do movimento com o membro esquerdo (p<0,001). O TrA/IO direito possuiu um timing de ativação no MRMS direito inferior ao do TrA/IO esquerdo aquando do movimento com o membro esquerdo (p<0,001). Conclusão: Através deste estudo pôde-se concluir que o TrA/OI contralateral ao MRMS apresenta um timing de ativação inferior ao ipsilateral e ainda que durante o MRMS dominante o TrA/OI esquerdo e direito apresentam um timing de ativação inferior ao ocorrido durante o MRMS não-dominante.

Isolation of Leishmania sp. from aqueous humor of a patient with cutaneous disseminated leishmaniasis and bilateral iridocyclitis (preliminary report)

The Authors report an uncommon case of leishmaniasis with disseminated cutaneous lesions, systemic manifestations and ocular involvement, the latter being characterized by bilateral nongranulomatous iridocyclitis. The severity of the oph-thalmologic lesions and its unresponsiveness to therapy (in spite of satisfactory regression of both systemic and cutaneous manifestations) lead to a needle aspiration of the anterior eye chamber, content. From this material Leishmania sp was isolated. To our knowledge this is the first time that Leishmania has been shown into the ocular globe.

Comércio bilateral Portugal - Brasil

Dissertação apresentada ao Instituto Superior de Contabilidade e Administração do Porto para obtenção do Grau de Mestre em Empreendedorismo e Internacionalização Orientadora: Professora Doutora Celsa Maria de Carvalho Machado

Particle Swarm Optimization of Electricity Market Negotiating Players Portfolio

Energy systems worldwide are complex and challenging environments. Multi-agent based simulation platforms are increasing at a high rate, as they show to be a good option to study many issues related to these systems, as well as the involved players at act in this domain. In this scope the authors’ research group has developed a multi-agent system: MASCEM (Multi- Agent System for Competitive Electricity Markets), which performs realistic simulations of the electricity markets. MASCEM is integrated with ALBidS (Adaptive Learning Strategic Bidding System) that works as a decision support system for market players. The ALBidS system allows MASCEM market negotiating players to take the best possible advantages from each market context. However, it is still necessary to adequately optimize the players’ portfolio investment. For this purpose, this paper proposes a market portfolio optimization method, based on particle swarm optimization, which provides the best investment profile for a market player, considering different market opportunities (bilateral negotiation, market sessions, and operation in different markets) and the negotiation context such as the peak and off-peak periods of the day, the type of day (business day, weekend, holiday, etc.) and most important, the renewable based distributed generation forecast. The proposed approach is tested and validated using real electricity markets data from the Iberian operator – MIBEL.

Multi-agent Simulation of Bilateral Contracting in Competitive Electricity Markets

Traditional vertically integrated power utilities around the world have evolved from monopoly structures to open markets that promote competition among suppliers and provide consumers with a choice of services. Market forces drive the price of electricity and reduce the net cost through increased competition. Electricity can be traded in both organized markets or using forward bilateral contracts. This article focuses on bilateral contracts and describes some important features of an agent-based system for bilateral trading in competitive markets. Special attention is devoted to the negotiation process, demand response in bilateral contracting, and risk management. The article also presents a case study on forward bilateral contracting: a retailer agent and a customer agent negotiate a 24h-rate tariff.

Does a Tougher Competition Policy Reduce or Promote Investment?

The question of how interventions from the Competition Authority (CA) affect investment is not a straightforward one: a tougher competition policy might, by reducing the ability to exert market power, either stimulate firms to invest more to counter the restrictions on their actions, or make firms invest less because of the reduced ability to have a return on investment. This tension is illustrated using two models. In one model investment is own-cost-reducing whereas in the other investment is anti-competitive. Anti-competitive investments are defined as investments that increase competitors’ costs. In both models the optimal level of investment is reduced with a tougher competition policy. Furthermore, while in the case of an anti-competitive investment a tougher authority necessarily leads to lower prices, in the case of a cost- reducing investment the opposite may happen when the impact of the investment on cost is sufficiently high. Results for total welfare are ambiguous in the cost- reducing investment model, whereas in the anti-competitive investment model welfare unambiguously increases due to a tougher competition polic

Does corruption inhibit foreign direct investment?

Globalization creates new opportunities for firms to invest abroad and many economies are making active efforts to attract Foreign Direct Investment (FDI) in order to promote economic growth. Decisions to invest abroad depend on a complex set of factors, but the least corrupt countries may attract more foreign direct investment because they provide a more favorable climate for investors. In this paper we investigate the impact of corruption on FDI inflows in 73 countries, over the period 1998-2008. Our results suggest that countries where corruption is lower, the FDI inflows are greater, and so controlling corruption may be an important strategy for increase FDI inflows.

Necrose Estriatal Bilateral Aguda Infantil

E descrito o caso cliníco de uma criança de nove anos com um quadro de tetraparésia e encefalopatia aguda após doença infecciosa. A ressonância magnética craneo-encefálica foi compatível com necrose bilateral e simétrica dos núcleos da base, o que associado a evolução clínica nos levou ao diagnóstico de necrose estriatal bilateral aguda infantil.

Unilateral Versus Bilateral Prostatic Arterial Embolization for Lower Urinary Tract Symptoms in Patients with Prostate Enlargement

PURPOSE: This study was designed to compare baseline data and clinical outcome between patients with prostate enlargement/benign prostatic hyperplasia (PE/BPH) who underwent unilateral and bilateral prostatic arterial embolization (PAE) for the relief of lower urinary tract symptoms (LUTS). METHODS: This single-center, ambispective cohort study compared 122 consecutive patients (mean age 66.7 years) with unilateral versus bilateral PAE from March 2009 to December 2011. Selective PAE was performed with 100- and 200-μm nonspherical polyvinyl alcohol (PVA) particles by a unilateral femoral approach. RESULTS: Bilateral PAE was performed in 103 (84.4 %) patients (group A). The remaining 19 (15.6 %) patients underwent unilateral PAE (group B). Mean follow-up time was 6.7 months in group A and 7.3 months in group B. Mean prostate volume, PSA, International prostate symptom score/quality of life (IPSS/QoL) and post-void residual volume (PVR) reduction, and peak flow rate (Qmax) improvement were 19.4 mL, 1.68 ng/mL, 11.8/2.0 points, 32.9 mL, and 3.9 mL/s in group A and 11.5 mL, 1.98 ng/mL, 8.9/1.4 points, 53.8 mL, and 4.58 mL/s in group B. Poor clinical outcome was observed in 24.3 % of patients from group A and 47.4 % from group B (p = 0.04). CONCLUSIONS: PAE is a safe and effective technique that can induce 48 % improvement in the IPSS score and a prostate volume reduction of 19 %, with good clinical outcome in up to 75 % of treated patients. Bilateral PAE seems to lead to better clinical results; however, up to 50 % of patients after unilateral PAE may have a good clinical outcome.

DOUBLE-BLIND STUDY WITH TOPICAL ISOCONAZOLE AND TERBINAFINE FOR THE TREATMENT OF ONE PATIENT WITH BILATERAL Tinea nigra plantaris AND SUGGESTIONS FOR NEW DIFFERENTIAL DIAGNOSIS

The authors report a case of bilateral Tinea nigra plantaris treated through a double-blind study with the topical antifungal agents Isoconazole and Terbinafine. The objective of the study was to clinically compare the efficacy of these two topical antifungal agents on days 10, 20 and 30 of the treatment. No significant clinical differences were found, as all the plantar lesions regressed completely by the end of the treatment. Our conclusion was that in the case reported, the topical antifungal agents Isoconazole and Terbinafine demonstrated identical efficacy as a clinical cure. We also suggest the inclusion of injuries caused by arthropods of the Diplopoda Class in the differential diagnosis of Tinea nigra plantaris, due to the persistent acral hyperpigmentation.

Fratura Proximal do Fémur Bilateral. Incidência e Fatores de Risco de Fratura Contralateral

Nos doentes com fratura osteoporótica da extremidade proximal do fémur, pouco é conhecido sobre a incidência e fatores de risco de fratura contralateral da extremidade proximal do fémur. O objetivo deste trabalho foi, através de um estudo retrospetivo determinar a incidência e os fatores de risco para fratura bilateral da extremidade proximal do fémur não contemporânea. Foram analisados os processos de 1911 doentes com fratura da extremidade proximal do fémur entre 2003 e 2009. Os dados recolhidos sobre as fraturas, tratamentos e comorbilidades foram trabalhados estatisticamente. Um total de 64 doentes (3,24%) teve fratura bilateral da extremidade proximal do fémur, com uma média de idades acima dos 80 anos. Determinou-se que existe uma relação direta entre o tipo da primeira e segunda fratura (intracapsular vs extraapsular), e que 70% das segundas fraturas ocorrem nos primeiros três anos após fratura. Das comorbilidades verificou-se que a doença de Parkinson, Hipertensão Arterial, doença Cardíaca, Anemia e alterações da Visão representam um risco acrescido para fratura contralateral da extremidade proximal do fémur. Propomos um follow-up mais rigoroso nos primeiros três anos após a primeira fratura e estabelecidas melhores formas de prevenção de fraturas e otimização das comorbilidades nos doentes com fatores de risco.

Non-Progressive Leukoencephalopathy with Bilateral Temporal Cysts

We report two cases of a peculiar leukoencephalopathy with temporal cysts. Both patients have a non-progressive neurological disorder with mental retardation, microcephaly and sensorineural deafness although clinical differences between them may reflect a different aetiology. The metabolic disorders with white matter involvement and the recently described leukoencephalopathies (Van Der Knaap disease, 'vanishing white matter disease') were excluded based on clinical, biologic and imaging findings. Cytomegalovirus infection is a likely possibility in the first case although the magnetic resonance imaging picture is only partially similar to previously reported cases. Our patients are strikingly similar to the patients reported by Deonna et al. and Olivier et al. We discuss the clinical and imaging findings in our patients and the differential diagnosis considering the known disorders of the white matter in childhood.