Scientific Price Management

Energy price risk management

The price of electricity is far more volatile than that of other commodities normally noted for extreme volatility. Demand and supply are balanced on a knife-edge because electric power cannot be economically stored, end user demand is largely weather dependent, and the reliability of the grid is paramount. The possibility of extreme price movements increases the risk of trading in electricity ...

Scientific Management of Science? Scientific Management of Science?

A framework is advanced for allocating research resources, based on the value of the information that proposed projects are expected to produce. As an organizing device, the framework uses integrated assessments, showing the relationships between the predictors of outcomes arising in important decisions (e.g., interest rates, mortality rates, crop yields, crime probabilities). Proposed projects...

Price Image in Retail Management

Scientific Management of Science?

A framework is advanced for allocating research resources, based on the value of the information that proposed projects are expected to produce. As an organizing device, the framework uses integrated assessments, showing the relationships between the predictors of outcomes arising in important decisions (e.g., interest rates, mortality rates, crop yields, crime probabilities). Proposed projects...

Capacity price decisions, a manufacturing yield management perspective

This paper focuses on formulating capacity-price trade off problem in Yield Management for manufactur-ing industry by drawing motivation from the remarkable success of Yield Management (YM) implementation in airlines. In the current practice, there is no alternative and procedure for the manufacturer, as well as cus-tomers to take advantage of using the unfulfilled capacity in discounted offers...