A Bi-Level Approach for Determining Optimal Dynamic Retail Electricity Pricing of Large Industrial Customers
Sign Up to like & getrecommendations! Published in 2019 at "IEEE Transactions on Smart Grid"
DOI: 10.1109/tsg.2018.2794329
Abstract: In this paper, a bi-level optimization model is proposed for determining the optimal dynamic retail electricity price, which balances the monetary benefits between utility companies and large industrial customers. That is, the utility company at… read more here.
Keywords: dynamic retail; large industrial; level; industrial customers ... See more keywords
A stochastic newsvendor game with dynamic retail prices
Sign Up to like & getrecommendations! Published in 2017 at "Journal of Industrial and Management Optimization"
DOI: 10.3934/jimo.2017072
Abstract: We extend stochastic newsvendor games with information lag by including dynamic retail prices, and we characterize their equilibria. We show that the equilibrium wholesale price is a nonincreasing function of the demand, while the retailer's… read more here.
Keywords: newsvendor game; retail prices; output; dynamic retail ... See more keywords