31–40 of 51 posts
// Albert Einstein said: "If you can't explain it to a six year old, you don't understand it yourself." I like to think this is true about explaining things to my parents - Isn't this a quote by Richard Feynman?
> ... it is a well-known type of problem, called a multiple integer program (MIP) Is this meant to be "mixed integer program"? Nice read. I find this especially interesting as I'm familiar with everything you've talked about here except only in Australia (AEMO). What you've written is like a parallel universe to what I know - very similar, but distinctly different.
Demand management as a virtual generator is interesting too. Supermarkets and shopping centres have huge HVAC which can bid in and out to consume surplus power into water chilling or heating and use it for its thermal qualities later.
I know close to nothing about economics and was a bit confused by this statement: "The line sloping downwards represents demand. As quantity increases (bottom axis), the price people are willing to pay also decreases." This makes it sound like there is an "available demand quantity" that is the independent variable and a "price" that is the dependent variable. But it seems a lot more intuitive to say "demand increase…
Not sure why you're getting downvoted for asking a question, but hopefully this page helps: https://en.wikipedia.org/wiki/Economic_graph
> ... it is a well-known type of problem, called a multiple integer program (MIP) Is this meant to be "mixed integer program"? Nice read. I find this especially interesting as I'm familiar with everything you've talked about here except only in Australia (AEMO). What you've written is like a parallel universe to what I know - very similar, but distinctly different.
// Albert Einstein said: "If you can't explain it to a six year old, you don't understand it yourself." I like to think this is true about explaining things to my parents - Isn't this a quote by Richard Feynman?
I think that is probably a "folk quote", the attribution to Feynman is also inaccurate AFAIK. He said something similar though: > Feynman was a truly great teacher. He prided himself on being able to devise ways to explain even the most profound ideas to beginning students. Once, I said to him, “Dick, explain to me, so that I can understand it, why spin one-half particles obey Fermi-Dirac statistics.” Sizing up his a…
I know close to nothing about economics and was a bit confused by this statement: "The line sloping downwards represents demand. As quantity increases (bottom axis), the price people are willing to pay also decreases." This makes it sound like there is an "available demand quantity" that is the independent variable and a "price" that is the dependent variable. But it seems a lot more intuitive to say "demand increase…
Super interesting read. I ended up getting curious as to who he worked for, checked out his LinkedIn and it turns out he works for Citadel.. I swear I've heard of that company somewhere? ;)
Care to share where?
In About the Author section at the bottom, it should at least mention his name.