The static nature of the noncooperative power control game model in optical networks makes it difficult to study and design an appropriate pricing scheme. In this paper, we derive a first-order best response dynamics from the game-theoretical model and formulate a general multi-input and multi-output (MIMO) state-space model. We use classical linear system theory to explain the controllability ...

In a de-regulated open access environment, reactive power is one of the ancillary services which must be provided by an Independent System Operator (ISO). In this paper, a new algorithm is proposed in which reactive power resources are initially so tuned that optimum security in terms of voltage profile and voltage stability are achieved while at the same time, the system losses are minimized. ...

This paper develops an eigenfunction expansion approach to pricing options on scalar diffusion processes. All derivative securities are unbundled into portfolios of primitive securities termed eigensecurities. Eigensecurities are eigenvectors of the pricing operator (present value operator). Pricing is then immediate by the linearity property of the pricing operator and the eigenvector property...

It has long been agreed upon by the practitioners and researchers in the field of electric power market operations that both pricing and demand must play much more proactive roles in better balancing demands across the hours of the day. A balanced system will mitigate demand and price spikes and thereby reduce the need for expensive reserve generation capacity as well. Balanced demand will also...

Creating successful competitive electric power markets requires transmission pricing reform. Due to the physics of power transmission networks, efficient transmission prices must incorporate two types of loop flow externalities, and must be determined jointly with efficient power (nodal) prices. Prior proposed market schemes all involve an approximation to the efficient prices. I propose a real...

Plug-in Hybrid Electric Vehicles (PHEVs) are the vehicles that depend on energy from power grid. When such vehicles are deployed in large scale, there will be great demand for energy in peakhours. There will be different levels of usage based on time. Towards this end, optimizing the supplydemand and also pricing for PHEVs is very challenging problem to be addressed. Recently there was a soluti...

---------------------------------------------------------------------***--------------------------------------------------------------------Abstract In restructured electricity markets, an effective transmission pricing method is required to address transmission issues and to generate correct economic signals to reduce the generation cost. It is necessary to develop an appropriate pricing schem...

For the Small and Medium-Sized Manufacturers who are in the weak position in dual-channel marketing, they are often faced with channel price conflict. Therefore, it is necessary for the Small and Medium-Sized Manufacturers to formulate effective pricing strategies. This paper modeled pricing strategies for two scenarios, which involved the manufacturer and retailer make decisions individually a...

Pay What You Want (PWYW) and Name Your Own Price (NYOP) are customer-driven pricing mechanisms that give customers (some) pricing power and that have been used in service industries with high fixed costs to price discriminate without setting a reference price. This paper describes buyer and seller data in a series of induced-value laboratory experiments that compare PWYW and NYOP in monopoly an...