Secure Distributed Dynamic State Estimation in Wide-Area Smart Grids

Smart grid is a large complex network with a myriad of vulnerabilities, usually operated in adversarial settings and regulated based on estimated system states. In this study, we propose a novel highly secure distributed dynamic state estimation mechanism for wide-area (multi-area) smart grids, composed of geographically separated subregions, each supervised by a local control center. We firstly propose a distributed state estimator assuming regular system operation, that achieves near-optimal performance based on the local Kalman filters and with the exchange of necessary information between local centers. To enhance the security, we further propose to (i) protect the network database and the network communication channels against attacks and data manipulations via a blockchain (BC)-based system design, where the BC operates on the peer-to-peer network of local centers, (ii) locally detect the measurement anomalies in real-time to eliminate their effects on the state estimation process, and (iii) detect misbehaving (hacked/faulty) local centers in real-time via a distributed trust management scheme over the network. We provide theoretical guarantees regarding the false alarm rates of the proposed detection schemes, where the false alarms can be easily controlled. Numerical studies illustrate that the proposed mechanism offers reliable state estimation under regular system operation, timely and accurate detection of anomalies, and good state recovery performance in case of anomalies

A multifactor consumption based asset pricing model of the UK stock market: The US stock market as a wealth reference

Here a multifactor model of UK stock returns is developed, replacing the conventional consumption habit reference by a relation that depends on US wealth. Two step Instrumental Variables and Generalized Method of Moments estimators are applied to reduce the impact of weak instruments. The standard errors are corrected for the generated regressor problem and the model is found to explain UK excess returns by UK consumption growth and expected US excess returns. Hence, controlling for nomina l effects by subtracting a risk free rate and conditioning on real US excess returns provides a coherent explanation of the equity premium puzzle

An alternative solution to the model structure selection problem

An alternative solution to the model structure selection problem is introduced by conducting a forward search through the many possible candidate model terms initially and then performing an exhaustive all subset model selection on the resulting model. An example is included to demonstrate that this approach leads to dynamically valid nonlinear model

Control by model error estimation

Modern control theory relies upon the fidelity of the mathematical model of the system. Truncated modes, external disturbances, and parameter errors in linear system models are corrected by augmenting to the original system of equations an 'error system' which is designed to approximate the effects of such model errors. A Chebyshev error system is developed for application to the Large Space Telescope (LST)

Flexible structure control laboratory development and technology demonstration

An experimental structure is described which was constructed to demonstrate and validate recent emerging technologies in the active control and identification of large flexible space structures. The configuration consists of a large, 20 foot diameter antenna-like flexible structure in the horizontal plane with a gimballed central hub, a flexible feed-boom assembly hanging from the hub, and 12 flexible ribs radiating outward. Fourteen electrodynamic force actuators mounted to the hub and to the individual ribs provide the means to excite the structure and exert control forces. Thirty permanently mounted sensors, including optical encoders and analog induction devices provide measurements of structural response at widely distributed points. An experimental remote optical sensor provides sixteen additional sensing channels. A computer samples the sensors, computes the control updates and sends commands to the actuators in real time, while simultaneously displaying selected outputs on a graphics terminal and saving them in memory. Several control experiments were conducted thus far and are documented. These include implementation of distributed parameter system control, model reference adaptive control, and static shape control. These experiments have demonstrated the successful implementation of state-of-the-art control approaches using actual hardware

Some Current Issues in the Statistical Analysis of Spillovers

Spillover phenomena are usually statistically estimated on the basis of regional and temporal panel data. In this paper we review and investigate exploratory and confirmatory statistical panel data techniques. We illustrate the methods by calculations in the stetting of the well known Research and Development Spillover study by Coe and Helpman (1995). It will be demonstrated that alternative estimation techniques that are well compatible with the data can lead to opposite conclusions.Panel data; fixed effects; random coefficients; DOLS; R&D spillover