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Smart meter, the core part of smart grid system, is becoming an active field of research for its immense potential in efficient power distribution and load management. It is expected to have potential applications in Bangladesh as well. Efforts are already underway from distribution companies to introduce intelligence in the meter system. This paper proposes several smart meter assisted economic energy...
In this paper we study a deterministic inventory model with shortages, where only a fraction of the unmet demand is backlogged, and the inventory manager offers a discount on it. Conditions of permissible delay in payments are also taken into account. Numerical examples are cited to illustrate the model.
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