Price area congestion management for an interconnected system with loop flows

In this paper, restructuring of monopolistic power systems is inevitable in this day and age to cope up with the radical growth of power demand. In developed countries restructuring is already in place while developing countries are getting accustomed to it. Above and beyond the benefits to customers in terms of economy and quality, there are several challenges prevailing particularly in transmission while exercising deregulation. The foremost challenging task of Independent System Operator (ISO) is managing the transmission line congestion in a deregulated power system. In most of the congestion management techniques, only the economic aspects are considered. The minimum voltage derivation for electronic industries and acceptable voltage derivation for high power applications are considered with suitable weighting factors in the objective function.

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Industry 4.0 initiatives in EU countries: experience for Ukraine

Socio-Economic Problems of the Modern Period of Ukraine ◽

10.36818/2071-4653-2020-4-9 ◽

2020 ◽

pp. 65-70

Author(s):

Nataliya Ryvak ◽

Anna Kernytska

Keyword(s):

Industry 4.0 ◽

Business Models ◽

Industrial Revolution ◽

Successful Implementation ◽

Industrial Complex ◽

Interconnected System ◽

Industrial Transformation ◽

Eu Countries ◽

European Experience ◽

High Level

In this paper, digital technologies development was analyzed as the basis for the so-called “fourth industrial revolution” with the potential for the qualitative transformation of the Ukrainian economy based on EU countries’ experience. Industry 4.0 is a new control chain over the entire chain of creating value throughout the product lifecycle. When developing an economic policy, it is important to pay attention to Industry 4.0. It increases productivity, produces new, better, and individualized products, and implements new business models based on “undermining” innovations. A comparative analysis of national initiatives I4.0 with their characteristics according to the main dimensions, including funding, focus, direction, was conducted. Particular attention was paid to considering deterrents to the successful implementation and enforcement of the I4.0 initiative in European countries. The factors of successful implementation of I4.0 initiatives in the EU countries were analyzed. Drawing on the analysis of the European experience of digital transformations in industry and national economies in general, the necessity of critical focus of such transformations in Ukraine was highlighted, and the need for state support of industrial transformation was substantiated. The emphasis was placed on the cooperation development between stakeholders within the implementation of Industry 4.0 – it is necessary to create national and regional 4.0 platforms, following the example of EU countries, which would bring together government institutions, businesses, and academics. The successful positioning of the Ukrainian modern industrial complex on the world markets depends on the high level of the interconnected system providing factors that characterize its development process. Considering the influence of a list of inhibiting factors on implementing the country’s industry accelerated development, a set of measures needed to transform Ukraine’s industry based on European experience was substantiated.

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