In this paper, we apply evolutionary games to non-cooperative power control in wireless networks. Specifically, we focus our study in a power control in W-CDMA and WIMAX wireless systems. We study competitive power control within a large population of mobiles that interfere with each other through many local interactions. Each local interaction involves a random number of mobiles. An utility fu...

We develop a general framework for pricing electricity in order to optimally manage the electricity load of societal infrastructures that interact with power systems through their price-responsive electricity load. In such infrastructure systems, electricity is not the sole resource needed to serve users’ needs. Examples include cloud computing infrastructure or electric transportation networks...

It is a critical time to upgrade technology and increase value added with manufacturing skills developing and management strategies that will highly satisfy the customers need in the precision machinery global market. In recent years, the supply side, each precision machinery manufacturers in each country are facing the pressures of price reducing from the demand side voices that pushes the hig...

The goals of transmission pricing are brieey reviewed and discussed. We focus on the goals of short-term operational ee-ciency and of long-term incentives for investment in transmission capital equipment, and on the potential connict between these goals. We ignore the issues of allocation of xed costs and stranded investment. Some of the counter-intuitive aspects of optimal short-term pricing (...

This paper develops and parameterizes an overarching analytical framework to estimate the welfare effects of energy efficiency standards applied to automobiles and electricity-using durables. We also compare standards with sectoral and economywide pricing policies. The model captures a wide range of externalities and preexisting energy policies, and it allows for possible “misperceptions”—marke...

In this article, we propose a jump diffusion framework to price the power exchange options. We model dynamics of assets using Hawkes with common factors describe correlated risk and clustering asset jumps. In proposed model, jumps, reflecting systematic idiosyncratic risk, are modeled by self-exciting process exponential decay. A pricing formula for valuation option...