Pricing and Inventory Control Strategy for a Periodic-Review Energy Buy-Back System

ZHANG Jihong; CHEN Hongqiao; DING Xiaosong; LI Xian

首页> 中文期刊> 《系统科学与复杂性：英文版》 >Pricing and Inventory Control Strategy for a Periodic-Review Energy Buy-Back System

Pricing and Inventory Control Strategy for a Periodic-Review Energy Buy-Back System

开具论文收录证明 >>

文献代查 >>

页面导航

摘要
著录项
相关主题

摘要

Along with the rapid development of economics and enhancement of industrialization,the power demand keeps rising and frequently creates mismatch between demand and supply in electricity.This provides miscellaneous energy buy-back programs with great opportunities.Such programs,when activated,offer certain amount of financial compensations to participants for reducing their energy consumption during peak time.They aim at encouraging participants to shift their electricity usage from peak to non-peak time,and thereby release the demand pressure during peak time.This paper considers a periodic-review joint pricing and inventory decision model under an energy buy-back program over finite planning horizons,in which the compensation levels,setup cost and additive random demand function are incorporated.The objective is to maximize a manufacturer's expected total profit.By using Veinott's conditions,it is shown that the manufacturer's optimal decision is a state dependent (s,S,P) policy under a peak market condition,or partly an (s,S,A,P) policy under the normal market condition.

著录项

来源
《系统科学与复杂性：英文版》 |2016年第4期|1018-1033|共16页
作者
ZHANG Jihong; CHEN Hongqiao; DING Xiaosong; LI Xian;
展开▼
作者单位

International Business School, Beijing Foreign Studies University, Beijing 100089, China;

Institute of Applied Mathematics, Academy of Mathematics and Systems Science, Chinese Academy of Sciences,Beijing 100190, China;

International Business School, Beijing Foreign Studies University, Beijing 100089, China;

DECIDE Research Group, Department of Computer and Systems Sciences, Stockholm University, Forum 100, SE-164 40 Kista,Sweden;

International Business School, Beijing Foreign Studies University, Beijing 100089, China;

展开▼
原文格式 PDF
正文语种 eng
中图分类
关键词

Pricing and Inventory Control Strategy for a Periodic-Review Energy Buy-Back System

摘要

著录项

相关主题

期刊订阅