Search results
Results from the WOW.Com Content Network
In a free-market regime, the aim is rather to maximize energy production profits, i.e., the difference between revenues (due to selling energy) and costs (due to producing it). If the GenCo is a price maker, i.e., it has sufficient size to influence market prices, it may in principle perform strategic bidding [12] in order to improve its ...
An aerosol-generating procedure (AGP) is a medical or health-care procedure that a public health agency such as the World Health Organization or the United States Centers for Disease Control and Prevention (CDC) has designated as creating an increased risk of transmission of an aerosol borne contagious disease, [1] such as COVID-19.
The economic lot scheduling problem (ELSP) is a problem in operations management and inventory theory that has been studied by many researchers for more than 50 years. The term was first used in 1958 by professor Jack D. Rogers of Berkeley, [1] who extended the economic order quantity model to the case where there are several products to be produced on the same machine, so that one must decide ...
In an electric power system, automatic generation control (AGC) is a system for adjusting the power output of multiple generators at different power plants, in response to changes in the load. Since a power grid requires that generation and load closely balance moment by moment, frequent adjustments to the output of generators are necessary.
Both aspects of this activity are intertwined (voltage change in an alternating current (AC) network is effected through production or absorption of reactive power), so within this article the term voltage control will be primarily used to designate this essentially single activity, as suggested by Kirby & Hirst (1997). [1]
The flow control into the tank would be cascaded off the level control. A further example is shown. If a control valve were used to hold level in a tank, the level controller would compare the equivalent reading of a level sensor to the level setpoint and determine whether more or less valve opening was necessary to keep the level constant.
The emerging area of Project Production Management (PPM), based on viewing project activities as a production system, adopts the same notion of production control to take steps to regulate the behavior of a production system where in this case the production system is a capital project, rather than a physical facility or a physically dispersed ...
An individual production system is usually analyzed in the literature referring to a single business; therefore it is usually improper to include in a given production system the operations necessary to process goods that are obtained by purchasing or the operations carried by the customer on the sold products, the reason being simply that ...