pricingandinventorycontrolstrategyforaperiodicreviewenergybuybacksystem

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	pricingandinventorycontrolstrategyforaperiodicreviewenergybuybacksystem
	Zhang Jihong 1; Chen Hongqiao 2; Ding Xiaosong 1; Li Xian 1
	2016-01-01
发表期刊	journalofsystemsscienceandcomplexity
ISSN	1009-6124
卷号	29 期号:4 页码:1018
摘要	Along with the rapid development of economics and enhancement of industrialization, the power demand keeps rising and frequently creates mismatch between demand and supply in electricity. This provides miscellaneous energy buy-back programs with great opportunities. Such programs, when activated, offer certain amount of financial compensations to participants for reducing their energy consumption during peak time. They aim at encouraging participants to shift their electricity usage from peak to non-peak time, and thereby release the demand pressure during peak time. This paper considers a periodic-review joint pricing and inventory decision model under an energy buy-back program over finite planning horizons, in which the compensation levels, setup cost and additive random demand function are incorporated. The objective is to maximize a manufacturer's expected total profit. By using Veinott's conditions, it is shown that the manufacturer's optimal decision is a state dependent (s, S, P) policy under a peak market condition, or partly an (s, S, A, P) policy under the normal market condition.
语种	英语
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/45366
专题	中国科学院数学与系统科学研究院
作者单位	1.北京外国语大学 2.中国科学院数学与系统科学研究院
推荐引用方式 GB/T 7714	Zhang Jihong,Chen Hongqiao,Ding Xiaosong,et al. pricingandinventorycontrolstrategyforaperiodicreviewenergybuybacksystem[J]. journalofsystemsscienceandcomplexity,2016,29(4):1018.
APA	Zhang Jihong,Chen Hongqiao,Ding Xiaosong,&Li Xian.(2016).pricingandinventorycontrolstrategyforaperiodicreviewenergybuybacksystem.journalofsystemsscienceandcomplexity,29(4),1018.
MLA	Zhang Jihong,et al."pricingandinventorycontrolstrategyforaperiodicreviewenergybuybacksystem".journalofsystemsscienceandcomplexity 29.4(2016):1018.