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Following the logic of the example of Buffa and Miller, after several weeks of producing at the classical rate, the producer will receive the information of the demand drop. As the drop was 10%, during the delay of the information's circulation the producer had a surplus of 11% per day, accumulated since day 1.
A clothes dryer using a demand response switch to reduce peak demand Daily load diagram; Blue shows real load usage and green shows ideal load.. Demand response is a change in the power consumption of an electric utility customer to better match the demand for power with the supply. [1]
Open Automated Demand Response (OpenADR) is a research and standards development effort for energy management led by North American research labs and companies. The typical use is to send information and signals to cause electrical power-using devices to be turned off during periods of high demand.
Demand response: Any reactive or preventative method to reduce, flatten or shift demand. Historically, demand response programs have focused on peak reduction to defer the high cost of constructing generation capacity. However, demand response programs are now being looked to assist with changing the net load shape as well, load minus solar and ...
In United States pharmaceutical regulatory practice, a Complete Response Letter (CRL), or more rarely, a 314.110 letter, is a regulatory action by the Food and Drug Administration in response to a New Drug Application, Amended New Drug Application or Biologics License Application, indicating that the application will not be approved in its present form. [1]
In the U.S., demand deposits only refer to funds held in checking accounts (or cheque offering accounts) other than NOW accounts; however, in a 1970s and 1980s response to the 1933 promulgation of Regulation Q in the U.S., demand deposits in some cases came to allow easier access to funds from other types of accounts (e.g. savings accounts and ...
For example, when there is excess supply in the labor market—that is, unemployment—consumer-laborers will be constrained in their disposable income and hence will demand a smaller quantity of goods at any given price. This diminished goods demand resulting from a constraint in another market is known as the effective demand for goods.
The U.S. central banking system, the Federal Reserve, in partnership with central banks around the world, took several steps to address the subprime mortgage crisis.. Federal Reserve Chairman Ben Bernanke stated in early 2008: "Broadly, the Federal Reserve’s response has followed two tracks: efforts to support market liquidity and functioning and the pursuit of our macroeconomic objectives ...