Optimal price-threshold control for battery operation with aging phenomenon: a quasiconvex optimization approach
Sign Up to like & getrecommendations! Published in 2017 at "Annals of Operations Research"
DOI: 10.1007/s10479-017-2505-4
Abstract: This paper is concerned with grid-level battery storage operations, taking battery aging into consideration. Battery operations under price uncertainty are modeled as a Markov Decision Process with expected cumulated discounted rewards. The structure of the… read more here.
Keywords: quasiconvex; price; battery; threshold control ... See more keywords
Managing retrial queueing systems with boundedly rational customers
Sign Up to like & getrecommendations! Published in 2022 at "Journal of the Operational Research Society"
DOI: 10.1080/01605682.2022.2053305
Abstract: Abstract Bounded rationality includes potential cognitive deficits that limit human rational behaviour. In this paper, we allow for estimation errors of their utility and consider bounded rationality in queueing models with retrials. Upon arrival, customers… read more here.
Keywords: bounded rationality; optimal price; revenue; rationality ... See more keywords