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This paper explores how to promote business model innovation through intraindustry search and extraindustry search with the assistance of fit dynamic capabilities (internal coordination capability and stakeholder engagement capability). Based on evolutional learning and business model literatures, six hypotheses are proposed and examined with data from 204 firms in China. The results show that intraindustry search has an inverted U-shaped effect on business model innovation, whereas extraindustry search has a positive effect. Internal coordination capability strengthens the effect of intraindustry search but weakens that of extraindustry search. Stakeholder engagement capability strengthens the effect of extraindustry search but weakens that of intraindustry search. Our findings enrich the business model literature by identifying different roles of intraindustry search and extraindustry search as the antecedents of business model innovation and their fitness with different types of dynamic capabilities. [ABSTRACT FROM AUTHOR]

Load model is one of the most important elements in power system simulation and control. Based on more than 20 years of practice using load characteristic recorders in the measurement-based load modeling, this paper proposes the Expectation Composite Load Model to predict unseen data. The methods for load bus classification and parameter identification are also provided. The generalization capability of the proposed load modeling is validated by the measured load dynamics and system dynamics during two three-phase short circuit tests of the NE power grid in China. In order to evaluate the measurement-based load model, the Probabilistic Collocation Method (PCM) is applied to quantitatively analyze uncertainties of the simulation responses raised by the parameters. [ABSTRACT FROM AUTHOR]

A load model is one of the most important elements in power system simulation and control. Recently, the constant impedance, constant current, and constant power load in combination with the induction motor load have been widely used as the composite load model, whose parameters are all identified from the field measurements in measurement-based load modeling practices so far. However, there is virtually no research conducted on whether all these parameters could really be identified. This paper investigates the possibility on reducing the number of composite load model parameters to be identified from field measurements. This paper first shows that direct application of the IEEE load motor parameters in the composite load model may be inadequate on describing the load dynamics over different operating status. Then the perturbation method is used to derive the trajectory sensitivities of the equivalent motor parameters, based on which the reduction on the identified parameters of the composite load model is presented. Two cases of measurement-based load modeling in North China and Northeast China are studied to illustrate the validity of the reduction method. It is shown that the reduction does not lose the model's capability on describing the load dynamics. The reduction on the number of identified parameters not only provides a possible way to solve the multi-valued load model problem based on the current practices on measurement-based load modeling, but it also facilitates building of the load model with more components included in it. Meanwhile, reducing the identified parameters reduces the identification time; thus, the proposed strategy significantly enhances the efficiency of the load modeling work. [ABSTRACT FROM AUTHOR]