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Local energy production and distributed energy storage facilities will take a leading position in the future smart grid along with the challenge of sustainability. To cope with this, smart grid simulation platforms are needed to analyze the problems of two-way data and energy flow. The Power Trading Agent Competition (Power TAC) provides an open source, smart grid simulation platform to enable various...
A two-stage game between genuine part maker and counterfeiter in automotive part market is analyzed based on manufacturing cost and part quality. At the first stage, the genuine manufacturer determine the total demand in the market by choosing the supply quantity of whole automobiles; At the second stage, genuine part maker and counterfeiter choose their respective optimum prices given a known total...
Since 1994, electromechanical products have been the most export products in China. With the sustainable and quick export growth of the electromechanical products, trade protective measures on electromechanical products in the international market are becoming more and more intensive. Based on the new situation, the paper used the cost-benefit method of economics to analyze the influence of trade...
It is thought that high interest rate should be carried out by small credit institutions to meet the demand of local farmers and maintain sustainable development. This paper analyses the interest rate elasticity of demand about small credit in the rural area in Guizhou. The result reveals that farmers are sensitive to the interest rate and the high interest rate is not possibly accepted by them. The...
Just in time (abbreviate JIT) purchasing is an important approach to shorten the response time of supply chain efficiently and implement the agile operation of supply chain. The ideal JIT purchasing is such delivery which happened until the demand occurred for the supply of a small number and many time, requiring a high level of quality availability, and avoiding unnecessary wastage of the test. From...
The skyrocketing of the oil price aroused the attention to the supply-demand relationship of the world oil market. Aiming at the incomplete information between suppliers and consumers, this paper studied the production strategy of the suppliers and the judgment of the consumers of the oil market with a signaling game model to deduce the sufficient and essential conditions of the three kinds of market...
A major objective of supply chain management is to improve the performance of the whole supply chain. In a two-echelon supply chain of seasonal products controlled by a pure wholesale price contract, double marginalization can not be avoided. A wholesale price discount contract is introduced to improve the performance of the supply chain. By adjusting the contract parameters, the supplier can coordinate...
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