With the large-scale production of plug-in electric vehicles (PEVs), a new entity, the PEV fleet aggregator manages charging and discharging processes of the vehicles. The main objective of an individual aggregator in interaction with electricity markets is maximizing its profit. In this paper, the performance of this aggregator in day-ahead and real-time electricity markets, considering (a) cu...

This paper addresses the problem of allocating resources in a divisionalized firm. The firm consists of II distinct divisions. Inputs have to be allocated across the divisions and the profit function of each division may in general depend on the whole allocation of inputs. The manager of the firm does not know the divisional profit functions and yet would like to allocate resources in a profit-...

In this paper we discuss a locational model with a pro t maximizing objective The model can be illustrated by the following situation There is a set of potential customers in a given region A rm enters the market and wants to sell a certain product to this set of customers The location and demand of each potential cus tomer are assumed to be known In order to maximize its total pro t the rm has...

Service providers face the ever-increasing problem of meeting customer expectations while maximizing profits. This optimal balance is very important for delivering better service quality to users and keeping costs under control through efficient resource allocation. In this paper we suggest optimal strategies for managing system trustworthiness in two different contexts. In the first one the pr...

Using empirical market data from brand rivalry in a retail ground-coffee market, we model each idiosyncratic brand’s pricing behavior using the restriction that marketing strategies depend only on profit-relevant state variables, and use the genetic algorithm to search for coevolved equilibria, where each profit-maximizing brand manager is a stimulus-response automaton, responding to past price...