A secure and high-quality operation of power grids requires frequency to be managed to keep it stable around a reference value. The deviation of the frequency from this reference value is caused by the imbalance between the active power produced and consumed. In the Smart Grid paradigm, the balance can be achieved by adjusting the demand to the production constraints, instead of the other way r...

Dynamic Pricing with Limited Demand Information

This study estimates the aggregate import demand function for Nigeria for the period of 1980 2010. Cointegration approach was implemented. While the error correction term in the estimated VEC model was evaluated for long run causal relationship, the short term coefficients were gauged for short term causal relationship between the explained and the explanatory variables. Results indicate: (i) t...

We consider a general class of network revenue management problems, where mean demand at each point in time is determined by a vector of prices, and the objective is to dynamically adjust these prices so as to maximize expected revenues over a finite sales horizon. A salient feature of our problem is that the decision maker can only observe realized demand over time but does not know the underl...

To reduce the continuously increasing energy consumption in the household sector, including residential and private transport sectors, it is important to design a proper policy scheme to regulate household energy demand. However, determining how to evaluate the collective effect of multiple countermeasures in one policy scheme on household energy related behavior is very challenging; furthermor...

the aim of this study was to represent effective componentsin demand chain which help organizations attain high performance levelsthrough identification of these components and determining theirdegree of importance. the following questions were major ideas of thisstudy: what are the most effective components in demand chain? andhow are they effective on organizational performance? to this end,m...

Most demand management approaches with nonmandatory policies assume full users’ cooperation, which may not be the case given users’ beliefs, needs and preferences. In this paper we propose a mechanism for demand management including incentives both with and without money. The mechanism is validated by means of simulation, modeling the consumers as a finite multiagent system which evolves until ...

This quotation appears at the beginning of the Policy Recommendations section of the Organization for Economic Cooperation and Development's recent jobs study (OECD, 1994). However, of the fifty-nine separate recommendations only three concern macroeconomic policies, and but 10 percent of the background analysis is concerned with macroeconomic issues. The three specific macroeconomic recommenda...