Forecast models and the nature of the decision process: The case of a Brazilian electricity distribution company

Homrich, M. C.; Dorion, Eric Charles Henri; Camargo, Maria Emí­lia; Olea, Pelayo Munhoz; Cruz, Marcia Rohr

doi:10.1109/icmit.2012.6225800

Cited by 2 publications

(2 citation statements)

References 3 publications

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“…The concern and position from the energy managers are to achieve a high degree of accuracy in their decision process. The research shows a greater determinant for the use of forecasting model in their decision process, which contributes to companies that improve a forecasting strategy as a process innovation and consider the possibility of reaching forecast results that are closer to reality, to create an edge in such competitive market [96]. The behavior and trends that arise in the complex equation of the decision process and by predictive models presuppose a permanent search for sustainability to offer a permanent quality service to the community.…”

Section: Entrepreneurship -Development Tendencies and Empirical Approachmentioning

confidence: 99%

Entrepreneurship and Sustainability as Key Elements for Innovation: A Brazilian Dilemma

Dorion¹,

Olea²,

Coallier³

et al. 2018

Entrepreneurship - Development Tendencies and Empirical Approach

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Considering the socio-economic reality of Brazil and from the relevance of the issues related to entrepreneurship and organizational innovation in the country, the importance of sustainability for the organizations could become a solution for the integration of entrepreneurship with innovation. The objective of this research is to highlight the relevance of sustainability for organizations as a way to trigger the integration of entrepreneurship toward innovation in the Brazilian context. Various exploratory and descriptive researches on the dynamics of entrepreneurship, innovation and sustainability in the main organizations of the Serra Gaúcha (RS), Brazil were carried out through the Multidisciplinary Research Group on Innovation and Competitiveness, in partnership with a research Nucleus on Innovation, Entrepreneurship and Sustainability. The main results indicate that the key sectors of this Brazilian regional economy present less "innovation intensity," which are mainly characterized by internal organizational activities of innovation, preventing them to become "regional systems of innovation," and which presupposes the lack of sustainability. Those limitations can be characterized as "innovation ghettos." In that logic, the researchers have also demonstrated the presence of "ghettos of sustainability, ghettos of innovation, and therefore, ghettos of sustainability

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Section: Entrepreneurship -Development Tendencies and Empirical Approachmentioning

confidence: 99%

Entrepreneurship and Sustainability as Key Elements for Innovation: A Brazilian Dilemma

Dorion¹,

Olea²,

Coallier³

et al. 2018

Entrepreneurship - Development Tendencies and Empirical Approach

View full text Add to dashboard Cite

show abstract

“…The role of the Distribution Companies (DisCos) becomes a key factor in this new structure, since they must predict and contract the amount of required energy to supply their consumer market 5 years in advance through bilateral contracts which, in the big picture, works as the main financier of the expansion of power generation and increases the reliability of the sector due to a better planning of the expansion of the generation. However, on the other hand, the DisCos are exposed to the risks associated with forecasting, long-term contracts and the penalties in cases of subcontracting (Homrich et al 2012;Alvarez 2007;Medina Macaira et al 2016;Jardini et al 2002).…”

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confidence: 99%

Aggregated Economic Analysis of the Brazilian Electricity Distribution Companies Using a Regulated Market Economic Model

Cortez

Bonatto

Arango

et al. 2020

J Control Autom Electr Syst

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While most of the research work in the field of electrical engineering was aroused by the scientific challenges to be overcome, it is fair to recognize that the practical importance of engineering hinges on its economic impact on the market, the whole society and the environment. Thus, nowadays economic modeling, analysis and optimization of the electricity market is of the utmost significance. This work presents an aggregated economic analysis of the Brazilian electricity distribution companies using an economic model of a regulated market. The fundamental agents (consumer, power utility, government, society) are represented in the TAROT-Optimized Tariff Model, which is applied to the majority of the distribution companies in Brazil, based on public real data available from ANEEL-the Brazilian electrical energy regulatory agency. This reveals the economic flows in the regulated market of each company and also presents their financial status in terms of over-investments or under-investments compared to optimal investments and positive, negative or zero economic value added of each company. Moreover, the model analysis shows the socioeconomic welfare added to society in face of different optimization objectives.

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Forecast models and the nature of the decision process: The case of a Brazilian electricity distribution company

Cited by 2 publications

References 3 publications

Entrepreneurship and Sustainability as Key Elements for Innovation: A Brazilian Dilemma

Entrepreneurship and Sustainability as Key Elements for Innovation: A Brazilian Dilemma

Aggregated Economic Analysis of the Brazilian Electricity Distribution Companies Using a Regulated Market Economic Model

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