EMK:Formulae and Functions

Formulae can be entered as substitutes for specific values into most fields in EMarket to control the derivation of variable values at run time. A formula can contain any combination of:

• Constants
• Variables
• Operators
• Entities and Traits
• Functions

Constants

Constants can be:

• Numbers: Integers or Reals (e.g. 1, 2.5, -3), they can also be entered in scientific notation e.g. '3E+10'.
• Strings: Written inside double quotes e.g. "A Node"
• Dates: Must be enclosed in single quotes e.g '1/3/2004' or '14 April 2005'

Warning: The format for entering dates should compatible with the computer's local date (locality) setting

Variables

Variables can be regarded as user-defined Entity.Traits which can be defined in the Volatility Matrix or the Schedule. Previously defined variables can be used in formulae.

Note: EMarket provides a 'system' variable the user need not define: 'DateTime' which is of type 'Date' and gives the current simulation date as the model runs.

Operators

Operators are all pre-defined in EMarket. Their purpose is to separate a formula into parts that are then combined to give a single value.

The following operators are shown in descending order of precedence.

Operator	Meaning	Example	Parameter Type	Return Type
\	Integer Division	3\2 = 1	Real; Int	Int
%	Modulus	7%5 = 2	Real; Int	Int
/	Division	3/2 = 1.5	Real; Int	Real
*	Multiplication	5*4.2 = 21	Real; Int	Real
-	Subtraction	7-3.2 = 3.8	Real; Int	Real
+	Addition	3.5+1.5 = 5	Real; Int	Real

Arithmetic Functions

The following table lists EMarket's Arithmetic functions:

Function	Purpose	Parameters	Return Type	Example	Result
Sqrt	Square root of a number	Number, Integer or Real	Real	Sqrt(546.94)	23.387
Abs	Absolute value of a number	Number, Integer or Real	Real	Abs(-19.1)	19.1
Int	Integer portion of a number	Number, Integer or Real	Integer	Int(45.786)	45
Sum	Total value of numbers in an array	Value Array (Exclude Value), Integer or Real	Real	Sum(Node.Price)
Max	Maximum value of numbers in an array, optionally excluding values with value over an exclude value	Value Array (Exclude Value), Integer or Real	Real	Max(Generator.Generation)
Min	Minimum value of numbers in an array	Value Array (Exclude Value), Integer or Real	Real	Min(Generator.Generation)
StdDev	Standard deviation of numbers in an array	Value Array (Exclude Value), Integer or Real	Real	StdDev(Generator.Generation)
Avg	Average value of numbers in an array	Value Array (Exclude Value), Integer or Real	Real	Avg(Generator.Generation)
WgtAvg	Average of numbers in an array, weighted by numbers in another array	Value Array (Weights Array), Integer or Real	Real	WgtAvg(Generator.Generation,Generator.Cost)
Choke	Returns a collared value (i.e. the value of the referenced variable is returned if it falls within the specified range otherwise the relevant minimum or maximum value is returned)	Number, Integer or Real	Real	Choke(500,200,Generator.Generation)