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More and more companies go abroad to response to China's policy “the Belt and Road”. However, many companies suffer from great loss when they go out so that estimate risks factors in overseas project is very important. The interactions between the complex factors can be structured in a model that can help one to make a rational judgment. The EPC Contract risk model developed in this study is based...
In this paper, using the principal-agent theory, on the basis of the alliance income distribution influencing factors analysis, establish the income distribution model. Describe the assumptions of the model, and the focus is the chief and the leaguer enterprise correlation coefficient evaluation and selection were determined discussion. And thus information symmetry and information asymmetry operating...
We design an optimal contract between a demand response aggregator (DRA) and a customer for incentive-based demand response. We consider a setting in which the customer is asked to reduce her consumption by the DRA and she is compensated for this reduction. However, since the DRA must supply the customer with as much power as she desires, a strategic customer can temporarily increase her base load...
Public-private Partnership (PPP) is widely used to provide public infrastructure and services around the world. Chinese central government has also promoted this model since 2013 and it is estimated that there would be more and more PPP projects to be implemented in China. The foreign experiences that renegotiation has been more and more with PPP projects development. However, few studies have been...
During a process of energy transaction in electricity market, in order to ensure electrical safety and prevent excessively quick growth of electricity price, the concept of contract for difference (CfD) is introduced. Considering the electricity characteristics of large consumers, this paper is in the views of both generators and large consumers which sign CfDs with Grid Corporation respectively,...
The present work aims to analyze UK's and Brazil's wholesale electricity trading models. UK's model, also known as New Electricity Trading Arrangements (NETA), can be considered a reference for the present day electricity markets. Recently UK has implemented a market reform that, while maintaining UK's market structure, introduced several strong regulatory economic signals in order to foster new investments,...
Portugal has opened its' retail electricity market for new entrants, while removing the burdens for competition among the supplier and customers' switching between the electricity suppliers. The ultimate objective of this liberalization practice is to sharpen competition in the retail segment of the electricity market. In this paper, we assess the success of the liberalization process in the retail...
The aim of this paper is to introduce methods of solution regarding current issues of electricity markets integration in Europe. The focus is pointed on bidding zones overview and bidding zones reconfiguration process in general, meantime the situation in central Europe will be analysed more deeply. Bidding zone can be defined as an area without internal business congestion. It means that transaction...
During the summer of 2015 the transmission system operator in Poland was forced to introduce limitations on electricity consumption to important industrial and commercial customers. In absence of sufficient generation reserve in power system this paper undertakes an analysis of the implementation of demand response program based on critical peak pricing for residential customers in a research of the...
The Asymmetric information among different entities can contribute to the imbalance between supply and demand in agricultural supply chain. Negotiation is an effective method to address information symmetry. Many researchers can be found in the literature on agent-based negotiation in industrial supply chain, but very few in agricultural supply chain, primarily because of the interior instability...
Pay-how-you-drive (PHYD), which has already been recognized as the most promising differentiated commercial vehicle insurance product in usage based insurance (UBI), can objectively analyze the risk level of each insured vehicle by analyzing its driving style from raw data collected by on-board diagnosis (OBD) module set up on it. Finding certain kinds of driving styles, or risk modes from raw data...
Maintenance activities, both corrective and preventive, are initially conducted by maintenance department in each company. Currently, some companies implement outsourcing strategies in performing maintenance activities. Outsourcing is the delegation of business functions in total or partial to other companies in conjunction with the administrative and operational activities. One of the advantages...
Understanding consumers' expectations of fair data collection and usage (CEFD) in an online environment is critical in a time when the analysis of customer data is increasingly important for companies. Drawing on the psychological contract and justice theory, this study developed a holistic picture of customer expectations by applying a two-stage research design. In stage 1, in-depth interviews with...
The growth in popularity of Agile methods plus a dissatisfaction of Government agencies with traditional software development methods have stimulated the adoption of Agile Methods. The action research approach was used in this work to assess the implementation of a process for the Management of Agile Development Demands - whose original acronym in Portuguese is 'GeDDAS' - for a software factory in...
Variable annuities are long-term investment vehicles that have grown rapidly in popularity recently. One major feature of variable annuities is that they contain guarantees. The guarantees embedded in variable annuities are complex and the values of the guarantees cannot be obtained from closed-form formulas. Insurance companies rely heavily on Monte Carlo simulation to calculate the fair market values...
This present paper focuses on the mitigation of uncertainty-driven cost increases specific to the sourcing of transportation services, impacted by spot price volatility, uncertainty of demand and unreliability of carriers. We investigate the value of a specific mitigation strategy, namely the possibility to contract an alternative carrier (AC), which would take care of extra/emergency shipments, at...
Automatic Procurement process is currently a vital field for research, as it is one of the basic business processes that has been applied in different fields such as construction, computer, and others. Definitely all stages in the procurement process can be more efficient when applied electronically. While different researches have focused on the automatic submission for the offers, however, in this...
Information technology (IT) offshoring grows rapidly along with the availability of large number of highly capable IT vendors in developing countries. To be able to play a significant role in the global IT market through offshore IT outsurcing, it is necessary that vendors are capable in building a good relationship with their clients. In this study, we examine the critical processes for developing...
Cloud computing services are accessible from anywhere and used worldwide. There is plenty of information about concepts, architecture and models to deploy cloud systems. On the other hand, there is a lack of standardized information about utilization, contracts, and main performance metrics demanded by cloud services. Those data are usually private, non-structured and even customers commonly do not...
Generating the power necessary to run our future cities is one of the major concerns for scientists and policy makers alike. The increasing global energy demands with simultaneously decreasing fossil energy sources will drastically affect future energy prices. Strategies are already being implemented to develop solutions for the generation and efficient usage of energy at different levels. Involving...
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