In this research, a model is established to represent a supply chain, which consists of one manufacturer and two retailers. The price-sensitive demand model is considered and the price game system is built according to the rule of bounded rationality as well as the entropy theory. With the increase of the price adjustment speed, the game system may go into chaos from the stable and periodic sta...

This paper describes progress in developing a property value module for a dynamic spatial microsimulation model called SVERIGE (System for Visualising Economic and Regional Influences Governing the Environment). It suggests using a hedonic price framework for estimating the value of residential property at different locations. The paper discusses the rationale for developing a property value mo...

As the plug-in hybrid electric vehicle (PHEV) is becoming a very significant component in residential loads, an accurate and valid model for the PHEV charging demand is the key for load forecast, demand respond, system planning and so forth. As a result, we propose a data driven queuing model for residential PHEV charging demand by performing data analytics on smart meter measurements. The data...

Imperfect information about product attributes inhibits efficiency in many choice settings, but can be overcome by providing simple, low-cost information. Using a field experiment, we test the effect of high-frequency information about residential electricity usage on the price elasticity of demand. Informed households are three standard deviations more responsive to temporary price increases, ...

This research provides a significant step towards understanding the relationship between house vintage and value. This study analyses residential sales transactions in New Zealand using hedonic pricing models and uncovers evidence that a home’s vintage is a commodity that commands price premiums or discounts. Vintage is found to have a nonlinear influence on sales price and this relationship di...

We introduce a modification of the standard Renormalization Group (RG) for quantum lattice systems which takes into account the effect of boundary conditions. By applying this method to a one-dimensional fermionic system, we obtain the ground state energy both in the free and interacting cases with much higher accuracy than obtained by standard RG prescription.

In most developing countries policies and frameworks that govern solid waste management strategies have often been directed at the waste management service providers and less attention is often given to the demand side of the problem. This paper reports a study regarding householders’ willingness to pay for improved residential solid waste management. The data for the study originated from a co...

(DOE) under Contract No. DE-AC02-05CH11231. For reviewing earlier versions of this work or providing valuable input, we would particularly like to thank Galen Barbose Abstract Business process or " soft " costs account for well over 50% of the installed price of residential photovoltaic (PV) systems in the United States, so understanding these costs is crucial for identifying PV cost-reduction ...