This paper presents a novel approach for evaluating impacts of price-sensitive loads on electricity price and market power. To accomplish this aim an analytical method along with agent-based computational economics are used. At first, Nash equilibrium is achieved by computational approach of Q-learning then based on the optimal bidding strategies of GenCos, which are figured out by Q-learning, ...

The main purpose of this study was to determine the factors affecting the export of flowers in Iran. After data collection using by the index of Revealed Comparative Advantage (RCA), the condition of business of flowers in Iran was compared with a number of countries exporting the product. According to the results of study, the small elasticity of the exportation price in the function of export...

Manufactures often rely on different types of long term contracts with established suppliers to procure goods often involving delivery lead times; however, the emergence of online B2B markets provides an additional procurement flexibility. Manufacturers can interact directly with the market either through spot transactions or claims contingent on commodity prices. In particular, we explore the ...

During production process, we may experience with some imperfect things disregarding every single precautionary measures. The are each of two dismissed promptly at the season or reworked and sold as great ones customers given plenty discount to keep up generosity organization. This article considers about this practical circumstances includes price-sensitive demand. As propels, have defective i...

Yujie Xiao 1, Shuai Yang 2, Lianmin Zhang 3,* and Yong-Hong Kuo 4 1 Jiangsu Key Laboratory of Modern Logistics, School of Marketing and Logistic Management, Nanjing University of Finance and Economics, Nanjing 210046, China; [email protected] 2 School of Economics and Management, Changshu Institute of Technology, Changshu 215500, China; [email protected] 3 School of Management and Engineer...

background and objectives: pharmaceutical expenditures are responsible for a major part of health systems’ cost. according to the who’s statistics, iran is the first among the 20 countries in the world in terms of drug consumption. the first step in controlling consumption of a particular good is to identify factor inducing the relevant demands. hence, this study aimed to identify the pattern a...

We study a joint inventory and pricing problem in a single-stage system with a positive lead time. We consider both additive and multiplicative demand forms. This problem is, in general, intractable due to its computational complexity. We develop a simple heuristic that resolves this issue. The heuristic involves a myopic pricing policy that generates each period’s price as a function of the in...

We study a joint inventory and pricing problem in a single-stage system with a positive lead time. We consider both additive and multiplicative demand forms. This problem is, in general, intractable due to its computational complexity. We develop a simple heuristic that resolves this issue. The heuristic involves a myopic pricing policy that generates each period’s price as a function of the in...