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This paper studies a multi-period demand response management problem in the smart grid where multiple utility companies compete among themselves. The user-utility interactions are modeled by a noncooperative game of a Stackelberg type where the interactions among the utility companies are captured through a Nash equilibrium. It is shown that this game has a unique Stackelberg equilibrium at which...
Traditional training offered by universities in the area of logistics usually involves a set of techniques that are applied specifically within the different topics that make up this science, which has resulted in a set of decisions and activities that optimize results in different areas, but they ignore the operation of the system as a whole. The use of simulators games and other fun tools that emphasize...
The ICT (information communication technology) has dramatically changed business environment in South Korea. For example, Samsung Electronics and Hyundai Motor Company have become globally competitive companies with the help of advanced business intelligence and management culture. The purpose of this paper is to conceive effective ICT service which used in production and marketing in Korean big companies...
Currently, the electricity demand is exponentially increasing due to the population growth. Therefore, the demand side management (DSM) is becoming unavoidable especially with the increasing use of renewable energy sources. One of the most known tactics of DSM is the use pricing strategies to threaten users to schedule their loads by controlling their own appliances. In this paper, a new model of...
Users often fail to find the right keywords to precisely describe their queries in the information seeking process. Techniques such as user intention predictions and personalized recommendations are designed to help the users figure out how to formalize their queries. In this work, we aim to help users identify their search targets using a new approach called Interactive User Intention Understanding...
Based on two facts, one is bilateral free trade agreements with investment provisions are becoming more and more popular, the other one is government can't obtain specific information of profit status about domestic enterprises on overseas because of incomplete information, this paper establishes an free trade agreement network formation game model where bilateral free trade agreements imply unrestricted...
In smart grid, demand response is a viable approach to motivate users towards shifting the demand during the peak load periods. Each user can also benefit by reducing its total cost. In most of the existing studies, the demand response program is modeled as a one-shot game among myopic users, who aim to minimize their cost in one period of time. In this paper, we show that the Nash equilibrium (NE)...
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...
Hackathons bring developers, artists and designers together around a shared challenge: ideate, plan and create an application in a highly constrained time frame. A way to socialize, solve problems, and strengthen soft and hard skills, hackathons have grown tremendously in popularity in the last half decade. Despite this growth, it has been noted that females do not participate in hackathons with the...
The problem of limited resource extraction by two firms often occurs in practice. Both firms try to maximize their income. This issue has been thoroughly investigated in [2]. The difficulty lies in the fact that the model uses a system of differential equations, which do not have analytic solution. In this paper, an attempt was made to improve the model in order to the obtained systems with analytic...
Models of multicomponent dynamics of competitive single-sector economy development are formalized and studied. The first model is completely deterministic and describes economy under conditions of perfect competition. It is supposed that companies plan their product output due to Cournot game strategy. In two other models external parameters are stochastic. Different approaches to formalization of...
In this paper, we will report our first experiences of engineering applications developed in a research project named Fast Wow Effects Boosting SME Business. The ultimate goal in this project is to focus on digitalization, namely, on digital transformation of value creation. In addition, digitalization opens new possibilities to cut the costs. Our approach is to create so called Wow effects for SME...
Modeling and predicting the exercise of market power is an important problem for modern electricity markets. A change in the generation mix and an evolvement of bidding procedures give ascent to a variety of new types of strategic behavior involving elaborate strategies with unconventional strategic variables. In this paper we show how it is important to consider all parameters of the bid to perform...
As novel forms of crowdsourcing emerge on the market, we emphasize that the important aspect of location-dependency is more complex than assumed and, thus, suggest a typology along two dimensions of locality: the first dimension refers to whether or not the crowdsourcees interact while being collocated or dispersed, the second dimension refers to the locality of the crowdsourcees in relation to the...
In the nowadays highly unstable manufacturing market, companies are faced, on a daily basis, with important strategic decisions, such as “does the company has the necessary capacity to accept a high volume order?” or “what measures need to be implemented if the product demand increases x% a year?”. Decision-makers, i.e. company's managers, rely on their experience and insights supported by classical...
This paper presents a prototype for a risk project management game template (PrimaGate). The template was developed in order to offer instructors and learners a flexible tool to build or adapt project risk management games that could be included as part of the curriculum to teach project management. The core focus of the design was to create a learning environment that facilitates the involvement...
This study employed Path Analysis to investigate the relations among Website Quality, Brand Awareness, Perceive Product Quality and Purchase intention from consumer point of view. Data were collected from 200 Indonesian website users which focus on video games online store. A significance and positive influence exists for each variable of website quality, brand awareness, perceive quality and purchase...
Due to the proliferation of plug-in hybrid electric vehicles (PHEVs), the peak load in the power grid is expected to increase in future. The peak load can be reduced by implementing appropriate load scheduling schemes using advanced metering infrastructure (AMI) and smart chargers. In this paper, we formulate the charging problem of PHEVs as a potential game to jointly optimize the cost of the utility...
Many previous researches have analyzed the Business Ecosystem that is consisted by the platforms and complementary products. Besides, the technological aspects of the business ecosystem were relatively not analyzed. Based on this recognition, we examined the relationship between complementary products providers' technological adoption and evolution of the business ecosystem. We focused on the ecosystem...
Based on previous studies, the different forms of Collection and Delivery Point (CDP)currently used by B2C e-commerce business are divided into five types in this paper, i.e., the convenience store chain mode, intelligent box mode, “scattered little stores” mode(similar with “Collect+” mode), self-run store mode and express service point mode, this paper then introduce the process of consumer going...
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