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Use of renewable energy sources for electricity generation is gaining prominence due to the increasing importance of sustainable development. Many of the electricity producers using renewable energy resources have very small generating capacities and it is a challenge to integrate them with the grid. Smart grids can play an important role in facilitating integration of these small distributed electricity...
Green or sustainable procurement is critical to any supply chain in the modern era. In this paper, we address the issue of selection of suppliers in order to ensure that the procurement process in a manufacturing or service supply chain selects suppliers so as to minimize carbon emissions. The specific problem we address pertains to that of an orchestrator or a procurement planner who wishes to put...
Auction based mechanisms have become popular in industrial procurement settings. These mechanisms minimize the cost of procurement and at the same time achieve desirable properties such as truthful bidding by the suppliers. In this paper, we investigate the design of truthful procurement auctions taking into account an additional important issue namely carbon emissions. In particular, we focus on...
Reduction of carbon emissions is of paramount importance in the context of global warming. Countries and global companies are now engaged in understanding systematic ways of achieving well defined emission targets. In fact, carbon credits have become significant and strategic instruments of finance for countries and global companies. In this paper, we formulate and suggest a solution to the carbon...
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