Layout Optimization Methods for Offshore Wind Farms Using Gaussian Processes

Surrogate modeling is a family of engineering techniques that attracts great interest today and can be applied in many challenging fields. A big advantage of it is that surrogate models (models based on these techniques) offer reliable results by being computationally cheaper than other candidate models. The savings in computational time is...

Operational strategies for HVDC transmission in smart grids: the security versus markets dilemma

Over the last decades, the European transmission system has made many profound changes in the network and has focused on three main concepts: i) flexibility, ii) integration, and iii) sustainability to increase the technological innovations, and to improve the market design. The currently used method<br/>by transmission system operators (TSOs)...

Hardware Acceleration of Monte-Carlo Integration in Finance

This thesis describes FPGA-accelerated Monte-Carlo integration using adaptive stratified sampling. Monte-Carlo integration can be used to determine the value of integrals that have no closed form solution. In this work, the FPGA-accelerated design is used to determine the price of different types of financial options. The considered options are...