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  • Grauers, Anders, 1966- (författare)
  • Synchronous generator and frequency converter in wind turbine applications : system design and efficiency
  • 1994
  • Licentiatavhandling (övrigt vetenskapligt)abstract
    • This report deals with an electrical system for variable-speed wind power plants. It consists of a synchronous generator, a diode rectifier and a thyristor inverter. The aim is to discuss the system design and control, to model the losses and to compare the average efficiency of this variable-speed system with the average efficiency of a constant-speed and a two-speed system. Only the steady state operation of the system is discussed. Losses in the system are modelled, and the loss model is verified for a 50 kVA generator. The proposed simple loss model is found to be accurate enough to be used for the torque control of a wind turbine generator system. The most efficient generator rating is discussed, and it is shown how the voltage control of the generator can be used to maximize the generator and converter efficiency. The average efficiency of the system is calculated. It depends on the median wind speed of the turbine site. It is found that a variable-speed system, consisting of a generator and a converter, can have an average efficiency almost as high as a constant-speed or a two-speed system. Three different control strategies and their effect on the system efficiency are investigated.
  • Gustavsson, Thomas, 1951- (författare)
  • No Arbitrage Pricing and the Term Structure of Interest Rates
  • 1992
  • Licentiatavhandling (övrigt vetenskapligt)abstract
    • This dissertation provides an introduction to the concept of no arbitrage pricing and probability measures. In complete markets prices are arbitrage-free if and only if there exists an equivalent probability measure under which all asset prices are martingales. This is only a slight generalization of the classical fair game hypothesis. The most important limitation of this approach is the requirement of free and public information. Also in order to apply the martingale representation theorem we have to limit our attention to stochastic processes that are generated by Wiener or Poisson processes. While this excludes branching it does include diusion processes with stochastic variances.The result is a non-linear arbitrage pricing theory for nancial assets in general and for bonds in particular. Discounting of future cash ows is performed with zero coupon bonds as well as with short term interest rates (roll-over). In the presence of bonds discounting is an ambiguous operation unless an explicit intertemporal numeraire is dened. However, with the proper denitions we can dispense with the traditional expectations hypothesis about the term structure of interest rates. Arbitrage-free bond prices can be found simply from the fact that these are assets with a nite life and a xed redemption value. 
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