The regulatory schemes currently used for reliability improvement have weaknesses in the provision of quality services based on the customers’ perspective. These schemes consider the average of the service as a criterion to incentivize or penalize the distribution system operators (DSOs). On the other hand, most DSOs do not differentiate electricity services at the customer level, due to the st...

the main logic behind the demand for life insurance is to hedge against the labor income uncertainty due to premature death of a wage earner. in other words, life insurance is the device by which this labor income uncertainty is handled. for insurers, the uncertainty arises from the lack of knowledge about the age of death of the wage earner. this paper attempts to derive life insurance demand ...

In the last decade, theory of constraint application in project management lead to make a new approach for project scheduling and control as a critical chain. In this paper, a multi-objective optimization model for multi-project scheduling on critical chain is investigated. The objectives include time, cost and quality. In order to solve the problem, a Simulated Annealing algorithm is developed...

Almost all of electric utility companies are planning to improve their management automation system, in order to meet the changing requirements of new liberalized energy market and to benefit from the innovations in information and communication technology (ICT or IT). Architectural design of the utility management automation (UMA) systems for their IT-enabling requires proper selection of ...

In this paper, we adopt supreme-utilities among fuzzy level (decision) vectors to propose a power allocation rule, its efficient extension and normalization in the framework of multicriteria fuzzy transferable-utility (TU) games. We also provide several axiomatic results to present the rationality for these rules. Based on different viewpoints, we introduce different formulations and dynamic re...