Substitutability - PowerPoint PPT Presentation


Joint NEPOOL Markets and Reliability Committees Meeting December 6-8, 2022, Westborough, MA

A meeting discussing Resource Capacity Accreditation in the Forward Capacity Market, focusing on improving accreditation processes to support a reliable transition to clean energy. The presentation outlines the proposed improvements for FCA 19, emphasizing the accreditation of resources based on the

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Understanding the Law of Equi-Marginal Utility in Economics

Law of Equi-Marginal Utility, propounded by Hermann Heinrich Gossen, explains how consumers distribute their income among different goods to maximize satisfaction. It involves equalizing the marginal utility per unit of money spent across various goods. The law is based on the assumptions of rationa

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Understanding Specification Strength and Substitutability

Specifications in software development play a crucial role in determining the strength of requirements and the ability to substitute implementations. This content discusses how stronger specifications imply weaker ones, the importance of satisfaction in specifications, and the application of the Lis

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