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The Power Engineering Chapter is pleased to organize the
following 2 seminars:-
Seminar 1
Recurrent Neural Network based
Hybrid model for Price prediction in Deregulated Electricity Market
Date: 11 Nov
2008
Time: 6-6:45 pm
Venue: EA 02-11 in NUS
Presenter: Mr Vishal Sharma, Research Scholar, ECE dept, NUS
Abstract:
The deregulation of electricity market has changed the underlying structure of
the market and heightened the risk associated with electricity transactions
among buyers and sellers.
The competitive bidding-based determination of electricity prices, and their
distinctive features, like non-storability lead to extreme volatility in the
market. Electricity price is dependent on various extrinsic and intrinsic
factors. Extreme variations in time series data representing electricity price
are observed, with intermittent spikes. These factors render
the prediction of price in electricity market an extremely
important and challenging task. With the application of electricity price
prediction in mind, various nonlinear models were experimented for accurate
modeling of price time series in this work. Recurrent Neural Networks (RNN)-based
models have shown good results when applied to prediction of dynamic time series
due to their ability to handle dynamic data. However, electricity price time
series exhibits unique characteristics due to its chaotic nature, and it was
observed that many previous approaches were not very successful in accurately
predicting electricity price. In this presentation, we demonstrate the
development of a hybrid model which employs a synergistic combination RNN to
handle the dynamic data, and excitable dynamics of the coupled model to obtain
better and utile results on deregulated markets.
Biography:
Mr.
Vishal Sharma received his degree of Bachelors of Technology (Hons) from IIT,
Kharagpur, India in 2006. Subsequently he started pursuing his PhD degree at the
department of Electrical & Computer Engineering in NUS. His current research
interests include Neural Networks and their application in financial time series
forecasting.
Seminar 2
Navigating through the Personal
Financial Maze (Special focus on being financially prepared for the recession)
Date: 11 Nov 2008
Time: 7-8:30 pm (light refreshments will be served from 6:30 pm)
Venue: EA 02-11 in NUS
Presenter: Mr Mark Liu, Senior Branch Manager of Professional Investment
Advisory Services (PIAS)
Topics to be covered:
· Technical Recession, Recession, and The Great Depression!!!
· What is their impact on you?
· Why is this recession deemed to be more severe?
· For people who are cash-strapped, what should they do?
· For people who are cash-rich, what should they do?
·
How to set your yearly retirement
milestone targets?
·
How do Successful Investors
navigate their way to Financial Freedom?
Biography:
Mr Mark Liu pursued his career in the Financial Advisory industry since Year
2002. He is currently the Senior Branch Manager of Professional Investment
Advisory Services (PIAS), one of the most established Independent Financial
Advisory companies licensed by the Monetary Authority of Singapore. He heads
Financial Apex, a branch in PIAS, which comprises of a strong team of
professional Financial Advisors.
With keen interest in organizational dynamics, Mr
Liu is fervently involved as Guest Speaker for corporate seminars that aim to
raise the employees’ financial awareness or to spearhead the implementation of
Human Resources welfare programme. Many Human Resource Managers have leveraged
on Mr Liu’s experience and have engaged him to address their employees during
corporate seminars.
Mr Liu held 8 years of managerial position in both
local and foreign banks where he gained a wealth of experience in Bond Trading
and Treasury products. He assumed the role as Head of Financial Institutions
Department and was appointed as a member of Bank BNI’s Credit Approval Committee
for multi-million transactions. In the course of his banking career, Mr Liu was
responsible for a portfolio consisting of primarily international banks. He
provided solutions to these corporate clients through Treasury Products, Cash
Management, Custodial Services, Lending and Trade Services, to maximize their
revenue and economic profits. Mr Liu also arranged and participated in a number
of international corporate syndicated capital facilities.
During his career with Standard Chartered Bank
(Institutional Banking Division), he was awarded the “Thinking Out of the Box”
Award in recognition for his creativity and leadership. Mr Liu graduated from
National University of Singapore (School of Business Administration).
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