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Effective and thorough credit-risk management is a key factor for lending institutions, as significant financial losses can arise from the borrowers' default. Consequently, machine learning methods can measure and analyze credit risk objectively when at the same time they face increasingly attention. This study analyzes default payment data from a credit cards' portfolio containing some 30,000 clients from Taiwan with twenty-three attributes and with no missing information. We compare prediction accuracy of seven classification methods used, i.e. KNN, Logistic Regression, Naïve Bayes, Decision Trees, Random Forest, SVC, and Linear SVC. The results indicate that only few out of most of the typical variables used can adequately analyze default characteristics in terms of lending decisions. The results provide effective feedback to credit evaluators, lending institutions and business analysts for in-depth analysis. Also, they mention to the importance of the precautionary borrowing techniques to be used to better understand credit-card borrowers' behavior, along with specific accounting, historical and demographical characteristics. [ABSTRACT FROM AUTHOR]

The decreased demand for new vehicles will put pressure on the economy of the Czech Republic, a country deeply integrated into global value chains, as part of global vehicle production. The aim of this research was to define an appropriate industrial policy for the Czech Republic that will ensure that the country maintains its competitive position in the global market. A constrained optimization model was built, based on input–output analysis, to determine the optimal value-added structure and the intersectoral structure of the Czech economy for the country to retain its exporting character. The optimization problem was solved by using a particle swarm optimization algorithm. The results suggest that the optimal industrial policy plan for the country is the structural transformation of production, mainly targeting the development of technologically advanced sectors of manufacturing (such as: chemicals and chemical products; basic pharmaceutical products; computer, electronic, and optical products; electrical equipment; and machinery and equipment). The suggested restructuring process increased the domestic value-added in gross exports as a share of total exports by 6.77%, creating optimal production capabilities for the economy. The Czech Republic appears to have the potential for the implementation of an industrial policy, avoiding the increasingly vulnerable motor-vehicle sector. [ABSTRACT FROM AUTHOR]

The problem of system input selection, dubbed in the literature as Type I Structure Identification problem, is addressed in this paper using an effective novel method. More specifically, the fuzzy curve technique, introduced by Lin and Cunningham (1995), is extended to an advantageous fuzzy surface technique; the latter is used for fast building a coarse model of the system from a subset of the initial candidate inputs. A simple genetic algorithm, enhanced with a local search operator, is used for finding an optimal subset of necessary and sufficient inputs by considering jointly more than one inputs. Extensive simulation results on both artificial data and real world data have demonstrated comparatively the advantages of the proposed method. [ABSTRACT FROM AUTHOR]

The decommissioning of synchronous generators, and their replacement by decoupled renewable power plants, has a significant impact on the transient stability performance of a power system. This paper concerns with an investigation of the degree of transient stability enhancement that can be achieved in power systems with high shares (e.g., around 75%) of wind generation. It is considered that the wind generators can work either under the principle of current control or under the principle of fast local voltage control. In both cases, a power–angle modulation (PAM) controller is superimposed on the current control loops of the grid side converters of the wind generators. The investigation of the degree of enhancement takes into account different approaches of the tuning of PAM. It considers a simple approach in the form of parametric sensitivity, and also a sophisticated approach in the form of a formal optimization problem. Besides, the paper gives insight on what is a suitable objective function of the optimization problem, which entails the best performance of PAM. The whole investigation is conducted based on a synthetic model of the Great Britain (GB) system [ABSTRACT FROM AUTHOR]

During the last few years, electric power systems have undergone a widespread shift from conventional fossil-based generation toward renewable energy-based generation. Variable speed wind generators utilizing full-scale power electronics converters are becoming the preferred technology among other types of renewable-based generation, due to the high flexibility to implement different control functions that can support the stabilization of electrical power systems. This paper presents a fundamental study on the enhancement of transient stability in electrical power systems with increasing high share (i.e., above 50%) of power electronic interfaced generation. The wind generator type IV is taken as a representative form of power electronic interfaced generation, and the goal is to investigate how to mitigate the magnitude of the first swing while enhancing the damping of rotor angle oscillations triggered by major electrical disturbances. To perform such mitigation, this paper proposes a power-angle modulation (PAM) controller to adjust the post-fault active power response of the wind generator type IV, after a large disturbance occurs in the system. Based on a small size system, the PAM concept is introduced. The study is performed upon time-domain simulations and analytical formulations of the power transfer equations. Additionally, the IEEE 9 BUS system and the test model of Great Britain's system are used to further investigate the performance of the PAM controller in a multi-machine context, as well as to perform a comparative assessment of the effect of different fault locations, and the necessary wind generators that should be equipped with PAM controllers. [ABSTRACT FROM AUTHOR]