I ncreasing production efficiency is becoming a major theme for producers in order to maintain or increase their economic return in an increasingly competitive global market. In the case of irrigated agriculture, producers must also address increasing public concern about water conservation, water quality, and environmental protection. Two irrigation management issues require attention in order...

Game theory is the study of mathematical models and cooperation between intelligent rational decision-makers. This paper provides a flexible model to calculate pay-off matrix based on several importance factors. This model is adapted by cooperative game and developed for some competitive advantages sections in pharmaceutical industry. An optimum solution is derived by considering Nash equilibri...

Today, in a competitive market, service organizations and producers have a great attention to optimization and customer satisfaction in order to become competitive. Service organization must reduce the number of arrival, waiting time and service time in the queue to increase the customer satisfaction. In this paper by the aim of queuing theory we analyze the optimal amount of increment in a rep...

competitiveness is considered as a key criterion for assessing the success of countries, industries and companies. world economic forum defines competitiveness as the set of institutions, policies and factors that determine the level of productivity. moreover, competitiveness can be defined as acquisition more market share, greater profitability and long-term stability and growth of these indic...

In this paper, a new reactive power market clearing (RPMC) mechanism for day-ahead competitive electricity market is developed based on multi-objective optimization approach. In proposed mechanism, three objective functions such as total payment function (TPF) for reactive power support from generators and synchronous condensers, total real transmission loss (TRTL) and voltage stability enhance...

This paper discusses the assessment and visualization of market power in bulk electricity markets, with the explicit consideration of transmission system constraints. In general, market power is the ability of a particular seller or group of sellers to maintain prices profitably above competitive levels for a significant period of time. When an entity has and exercises market power, it ceases t...

Typically, in competitive electricity markets, the vertically integrated utilities that were responsible for ensuring system reliability in their own service territories, or groups of territories, cease to exist. The burden falls to an independent system operator (ISO) to ensure that enough ancillary services (AS) are available for safe, stable, and reliable operation of the grid, typically den...

This paper presents an environmentally constrained economic dispatch algorithm in a hydrothermal system within the framework of a competitive and deregulated electricity market. The optimization problem of one firm in a competitive market is described, whose objective function can be defined as its profit maximization, and we consider that the thermal plants are constrained to technical and env...

A short-term electricity market coordinated by a system operator provides a foundation for a competitive electricity market. In this setting, transmission congestion contracts are equivalent to perfectly tradeable physical transmission rights. With such contracts to allocate transmission benefits, it would be possible to rely more on market forces, partly if not completely, to drive transmissio...