This paper is concerned with finding first-best tolls in static transportation networks with day-to-day variation in network capacity, as accounted for by changes in the volume-delay function. The key question in addressing this problem is that of information, namely, which agents have access to what information when making decisions. In this work, travelers are assumed to be either fully infor...

Reliable location routing problem considers a location problem and a vehicle routing problem in order to select the optimal location of facilities and at the same time the optimal routes for vehicles considering the unexpected failure for facilities in which, all facilities may fail with a probability. In this paper, a bi-objective mathematical model has been developed to minimize the total cos...

We study the impact of yield uncertainty (supply side) and self-interested consumers (demand side) on the inefficiency in the influenza vaccine supply chain. Previous economic studies, focusing on demand side, find that the equilibrium demand is always less than the socially optimal demand since self-interested individuals do not internalize the social benefit of protecting others via reduced i...

This paper evaluates the role of configurator software in agile supply chains that are characterized by a relatively high degree of uncertainty both in the market and in production processes. Product configuration software is successfully used to manage demand uncertainty. The objective of this research is to assess the feasibility of configuration software to manage also supply uncertainty and...

The European seed business of Syngenta relies on its supply chain to supply seed products to the different European markets, which led to more than 1.2 billion USD revenues in 2013. The seed supply chain is, however, exposed to a high level of uncertainty – from the demand side as well as from the supply side. Determining optimal production volumes in a highly volatile environment and more than...

We discuss a stochastic-programming-based method for scheduling electric power generation subject to uncertainty. Such uncertainty may arise from either imperfect forecasting or moment-to-moment fluctuations, and on either the supply or the demand side. The method gives a system of locational marginal prices which reflect the uncertainty, and these may be used in a market settlement scheme in w...

Uncertainty is an inherent factor throughout the whole supply chain (SC) channel within production, distribution, transportation, and market sales. In traditional manufacturing processes, stochastic capacity, random yield, and uncertain transportation delay are regarded as the main causes of supply uncertainty. Market fluctuations, brought on by ever-changing customer preferences and competitiv...

A supply chain is characterized by uncertain demands (demand-side uncertainty) and uncertainties associated with the performances of the production facilities (supply-side uncertainty). In this paper, a method is proposed to plan production in a supply chain with a multi-echelon supply process with unreliable production facilities working in markets with uncertain demand. In such a system it is...

The integration of intermittent resources of power generation, such as wind and solar, will lead to unprecedented energy price fluctuations and increasing price uncertainty. Besides improving forecasting, electricity retailers can meet this challenge by partly adopting the demand side of the electricity markets to the fluctuating supply side. The necessary communication infrastructure for this ...