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Aluminum production relies on the smelting process which consumes huge amounts of electrical energy. One possible solution to reduce the fossil fuel consumption by aluminum production is the integration of wind power. Based on this background, this paper studies an isolated power system for aluminum smelting production with a high penetration of wind power. A dynamic model of the aluminum smelter...
It is extremely important for airlines to study the flexible seat inventory control issues to prevent flight revenue from spoiled due to inaccurate prediction of air passenger demand. This paper provided a novel capacity control method based on real option and showed how airlines may be considered as the holder of callable tickets. In a fully competitive market, a partial differential equation model...
Enterprise Resource Planning (ERP) projects have often been found to be costly, complex, and risky to implement in enterprises. Therefore, understanding ERP implementation risks can help reduce the failure of ERP projects. The aim of this study was to explore two questions: (1) Do the six risk dimensions (planning & control, requirement, organization environment, user, team, and project complex)...
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