The generator’s competition strategy has become a pressing research field since the opening of power market. In real market situation Generators have to deal with capacity allocation among different markets (i.e. day-ahead spot market, contract market and ancillary service market) and competition strategy optimization simultaneously. However these two interrelated problems have been studied sep...

Cloud computing has penetrated the Information Technology industry deep enough to influence major companies to adopt it into their mainstream business. A strong thrust on the use of virtualization technology to realize Infrastructure-as-a-Service (IaaS) has led enterprises to leverage subscription-oriented computing capabilities of public Clouds for hosting their application services. In parall...

We analyze endogenous capacity formation in a large frictional market with perfectly divisible goods. Each seller posts a price and decides on a capacity. The buyers base their decision on which seller to visit on both characteristics. In this setting we determine the conditions for the existence and uniqueness of a symmetric equilibrium. When capacity is unobservable there exists a continuum o...

Capacity reservation contracts and spot markets are two alternative purchasing practices. We focus on the cost-effective management of the combined use of these two procurement sources. Due to the variability of the spot market prices and demand uncertainty, the flexibility of combined sourcing can be advantageous. Spot market purchasing is a benefit in case of low spot market prices or insuffi...