Optimal information transmission in organizations: search and congestion

Optimal Search for Product Information

C often need to search for product information before making purchase decisions. We consider a tractable (continuous-time) model of gradual learning, in which consumers incur search costs to learn further product information, and update their expected utility of the product at each search occasion. We characterize the optimal stopping rules for either purchase, or no purchase, as a function of ...

Optimal network topologies for local search with congestion

The problem of searchability in decentralized complex networks is of great importance in computer science, economy, and sociology. We present a formalism that is able to cope simultaneously with the problem of search and the congestion effects that arise when parallel searches are performed, and we obtain expressions for the average search cost both in the presence and the absence of congestion...

transmission congestion management and pricing in electricity power markets

in trading electrical energy in deregulated power systems, violation of operation constraints such as transmission lines flow limits is possible. these conditions have been called “congestion”. one of the most important responsibility of independent system operator (iso) is congestion management in a manner that all the system equipments be operated in their nominal ranges. in this paper, usi...

Transmission Capacity Reservations and Transmission Congestion Contracts

On Transmission Congestion and Pricing

| We provide a tutorial review, by example, of how to calculate optimal bus prices and congestion costs for a simple power system, using the \DC" loaddow approximation. It is also shown how to calculate the marginal eeect of changing the impedance of a transmission on total system costs, and how this can be used for transmission planning purposes. The role of long-term contracts for hedging and...