Analysis of a duopoly supply chain and its application in electricity spot markets

doi:10.1007/s10479-005-6244-6

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	Analysis of a duopoly supply chain and its application in electricity spot markets
	Sethi, SP ; Yan, HM ; Zhang, HQ
	2005
发表期刊	ANNALS OF OPERATIONS RESEARCH
ISSN	0254-5330
卷号	135 期号:1 页码:239-259
摘要	This paper studies a supply chain consisting of two suppliers and one retailer in a spot market, where the retailer uses the newsvendor solution as its purchase policy, and suppliers compete for the retailers purchase. Since each suppliers bidding strategy affects the others profit, a game theory approach is used to identify optimal bidding strategies. We prove the existence and uniqueness of a Nash solution. It is also shown that the competition between the supplier leads to a lower market clearing price, and as a result, the retailer benefits from it. Finally, we demonstrate the applicability of the obtained results by deriving optimal bidding strategies for power generator plants in the deregulated California energy market.
关键词	demand allocation game theory information updates dynamic programming deregulated energy market
DOI	10.1007/s10479-005-6244-6
语种	英语
WOS研究方向	Operations Research & Management Science
WOS类目	Operations Research & Management Science
WOS记录号	WOS:000228973500013
出版者	SPRINGER
引用统计
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/1129
专题	应用数学研究所
通讯作者	Sethi, SP
作者单位	1.Univ Texas, Sch Management, Richardson, TX 75083 USA 2.Chinese Univ Hong Kong, Dept Syst Engn & Engn Management, Shatin, Hong Kong, Peoples R China 3.Acad Sinica, Inst Appl Math, Beijing 100080, Peoples R China
推荐引用方式 GB/T 7714	Sethi, SP,Yan, HM,Zhang, HQ. Analysis of a duopoly supply chain and its application in electricity spot markets[J]. ANNALS OF OPERATIONS RESEARCH,2005,135(1):239-259.
APA	Sethi, SP,Yan, HM,&Zhang, HQ.(2005).Analysis of a duopoly supply chain and its application in electricity spot markets.ANNALS OF OPERATIONS RESEARCH,135(1),239-259.
MLA	Sethi, SP,et al."Analysis of a duopoly supply chain and its application in electricity spot markets".ANNALS OF OPERATIONS RESEARCH 135.1(2005):239-259.