This paper studies the flexible-versus-dedicated technology choice and capacity investment decisions of a multi-product firm under demand uncertainty in the presence of budget constraints. The firm operates under a capital budget for financing the capacity investment, and an operating budget, which is uncertain in the capacity investment stage, for financing the production. We investigate how t...

Flexible butyl interconnection segments are synthetically incorporated into an electronically conductive poly(pyrene methacrylate) homopolymer and its copolymer. The insertion of butyl segment makes the pyrene polymer more flexible, and can better accommodate deformation. This new class of flexible and conductive polymers can be used as a polymer binder and adhesive to facilitate the electroche...

This article studies optimal investment in flexible manufacturing capacity as a function of product prices (margins), investment costs and multivariate demand uncertainty. We consider a two-product firm that has the option to invest in product-dedicated resources and/or in a flexible resource that can produce either product, but has to make its investment decision before demands are observed. T...

It has been widely recognized that different flexibility types (e.g. product or mix flexibility, volume flexibility, platform-based flexibility, etc.) are interrelated and that exploiting the linkages between flexibility types can aid decision-making. In particular, both product flexibility and volume flexibility are tools for coping with uncertain demand. In this paper, we explore the intertwi...

With the fast growth of wind power penetration, power systems need additional flexibility to cope with wind power ramping. Several electricity markets have established requirements for flexible ramping capacity (FRC) reserves. This paper addresses two crucial issues that have rarely been discussed in the literature: 1) how to characterize wind power ramping under different forecast values and 2...

This work demonstrates a simple route to develop mechanically flexible electrodes for Li-ion batteries (LIBs) that are usable as lightweight effective conducting networks for both cathodes and anodes. Removing electrochemically dead elements, such as binders, conducting agents and metallic current collectors, from the battery components will allow remarkable progress in this area. To investigat...

This paper proposes anovel auction-basedmechanismsnamed Decreasing Cancellation Fee Auction (DCFA) for task allocation in the environment where a service provider has finite capacities and consumers could withdraw their bids. We consider a new type of auction called the refundable auction, i. e. refund means that a consumer’s showing up is uncertain and he can get back partial of his payment if...