Flexible Demand Resource Pricing Scheme: A Stochastic Benefit-Sharing Approach

Bundle pricing of inventories with stochastic demand

We consider a retailer selling a fixed inventory of two perishable products over a finite horizon. The products are sold individually or as part of a bundle. The customers arrive following a Poisson Process and each customer makes a purchasing decision based on her reservation prices of individual products: she either buys one of the individual products, buys the bundle or leaves without a purc...

A Cost/Benefit Model for Dynamic Resource Sharing

The use of multicomputer clusters composed of cheap workstations connected by high-speed networks is common in modern high-performance computing. However, operating system research in such environments has lagged. Our research aims at enhancing the functionality of the operating system by providing management functions that allow dynamic resource sharing and performance prediction in a clustere...

Dynamic Stochastic Capacity Pricing for Resource Allocation

Fuse Control for Demand Side Management: A Stochastic Pricing Analysis

We consider a novel paradigm for demand side management that is based on the so called fuse control concept. We assume that an aggregator communicates with a household only at the meter, imposing a fuse limit, i.e. a restriction on the total consumption level within a given time frame. Consumers are then responsible to adjust the set-points of the individual household devices accordingly to mee...

Stochastic Comparison for Resource Sharing Models