In network investments, much of the real options value may reside “in” identifying the proper configuration to develop, in terms of the timing and sizing of its deployment. A longer-term perspective, with a treatment of uncertainty that moves beyond simply increasing deterministic specifications, has the potential to improve the design of networked infrastructures, such as power transmission ne...

This paper studies the issue of uncertainty in the ambulance location problem to cover the maximum number of demand points in a city. The work is based on the double standard model (DSM), a popular coverage model where two radii are considered to cover a percentage of the demand points twice. Uncertainty is introduced in the expected travel time between an ambulance and a demand point, before c...

Addressing demand uncertainty is a research focus in supply chain management in recent years. In this paper, a new postponement strategy is applied. Postponement has been appreciated recently, especially in the manufacturing period of realizing mass customization. It has also been much used to respond to the demand uncertainty and usually considered in the planning period. However, the decision...

This article studies the design of contracts involving a single retailer and multiple competing manufacturers who supply substitutable products. We consider retail context in which with are negotiated relatively infrequently signed before demand environment is known, prices determined when known. develop Stackelberg model to study retailer's product selection pricing decisions manufacturers' co...

Smart energy management and control systems can improve the efficient use of electricity maintain balance between supply demand. This paper proposes modeling a decentralized system (EMS) to reduce operation costs under renewable generation load uncertainties. There are three stages proposed strategy. First, this applies an autoregressive moving average (ARMA) model for forecasting PV wind gener...

15. Supplementary Notes Supported by general revenues from the State of Texas. 16. Abstract Since transportation infrastructure projects have a lifetime of many decades, project developers must consider not only the current demand for the project but also the future demand. Future demand is of course uncertain and should be treated as such during project design. Previous research for Southwest ...