We study the problem of incentivizing reliable demand-response in modern electricity grids. Each agent is uncertain about her future ability to reduce demand and unreliable. Agents who choose to participate in a demand-response scheme may be paid when they respond and penalized otherwise. The goal is to reliably achieve a demand reduction target while selecting a minimal set of agents from thos...

With the increase in varieties products and increasing uncertainty about product demand, production preparation time is a significant factor addressing these issues. The trade-off between reduction of associated cost remains critical decision. this backdrop, study presents continuous review production-inventory model with variable time-dependent setup cost. demand during captured through min-ma...

This paper aims to interpret Demand-Side Management (DSM) activity and to point out its problems, adopting micro economics as an analytical tool. Two major findings follow. First, the cost-benefit analysis currently in use has the following problems: (i) inconsistency in cost comparison between utility costs on the supply-side and utility costs plus customer costs on the demand-side, (ii) incon...

The development of methods to determine the transferability of policies between countries has received limited attention in the energy policy field. Previous research has focussed on theoretical or less formal determinants of energy policy transferability, rather than providing practical analytical tools. The paper presents a practical framework for analysing the transferability of demand-side ...

Government, utility, and private subsidies for energy efficiency play a prominent role in current efforts to reduce greenhouse gas emissions, yet the effectiveness of this policy approach is in dispute. One opportunity for empirical analysis is provided by the past energy efficiency subsidies, called demand-side management programs, offered by electric utilities in North America over several de...

The supply side of our model consists in an endogenous growth model with monopolistic competition and product innovation. Together with the hierarchy of wants over the innovative goods, this setting enables us to study a mechanism that so far has been largely neglected in the literature: the role that inequality plays for the prices that innovators can charge and the corresponding quantities th...

Past breakthroughs in communication technology—the invention of the printing press and the telegraph—led to major economic upheavals. What are the implications of the more recent information and communication technologies (ICTs) for the developing world? Optimists believe that modern ICTs will allow developing countries to catch up with the developed world, while pessimists claim that the growi...

The increase in electricity demand has exerted pressure on distribution networks to provide efficient and reliable services. In addition to this, the deployment of Distributed energy resources (DERs) is increasing vastly. Thus, new strategies for congestion management are required to cope with these new changes. This paper, proposes an algorithm to optimize the total operational cost of Distrib...

Quantification of demand flexibility is key importance to decision makers at the planning level, when designing response programs and determining capacity requirements for new battery storage installations, and, operation assessing demand-side potential providing grid services. While different frameworks have been proposed quantification, literature still lacks a framework that considers uncert...