While effective competition can force service providers to seek economically efficient methods to reduce costs, the deregulated electricity supply industry still allows some generators to exercise market power at particular locations, thereby preventing the deregulated power market to be perfectly competitive. In this paper, we investigate the interdependence of pricing mechanisms and strategy ...

This paper analyzes Markovian equilibria in a model of strategic lending where (i) agents cannot commit to long term contracts, (ii) contracts are incomplete, and (iii) incumbent lenders can coordinate their actions. The structure of the credit market keeps changing over time endogenously along every equilibium path. After a sequence of bad shocks the borrower in a competitive market accumulate...

We consider the online parallel machine scheduling problem of minimizing the makespan under eligibility constraints that restrict each job to be processed only on one of its eligible machines. The greedy approach known as AW is known to be optimal for this problem when the number of machines, m, is a power of 2, i.e. m = 2k. However, in other cases, the gap between the best known competitive ra...

The carpet industry is one of the most rapidly growing traditional industries in India. This is a handicraft and cottage industry that provides jobs right at doorstep of more than 100,000 workers, belonging to economically backward class of society. In the global carpet scenerio, the market share of Indian carpets is expanding rapidly. Jaipur and its adjacent districts are the major manufacturi...

This paper develops a framework of analysis of the emerging organisational network topology of the new knowledge-driven economy in order to identify critical success factors in the process of innovation. The central argument of the paper is that innovation constitutes the foundation of the competitiveness and value-creation capabilities of economic organisations. However, innovation is not some...

In this research, a bidding problem for wind-power plant participating in day-ahead power market with uncertain correlated prices is studied. A new robust optimization approach considering correlation among uncertainty on the hourly developed. This results solutions lower level of over-conservatism. For purpose polyhedral set introduced. To consider clearing and value produced by wind producer ...

The present context of the electric industry, characterized by competitive markets, privatization, and regulatory of technical requirements forces the power utilities to optimize their asset management practices and develop the requisite decision plans techno-economically. Practically approaching, this paper devises a new support tool based on a multiattribute decision making (MADM) framework i...