Biogeography Based Optimization (BBO) algorithm is a population-based algorithm based on biogeography concept, which uses the idea of the migration strategy of animals or other spices for solving optimization problems. Biogeography Based Optimization algorithm has a simple procedure to find the optimal solution for the non-smooth and non-convex problems through the steps of migration and mutati...

Although many countries prefer deregulated power markets as a means of containing costs, monopoly may still exist. In this study, an agent-based bidding simulation framework is proposed to detect whether there will be in the market. A security-constrained unit commitment (SCUC) conducted clear Using characteristics that agent can fully explore certain environment and Q-learning algorithm, each ...

In this second portion of a two-part analysis of a computational approach to scalable stochastic unit commitment, we transition our focus from approximating accurate stochastic process models of load to solving the resulting stochastic optimization models in tractable run-times. Our solution technique is based on Rockafellar and Wets’ progressive hedging algorithm, a scenario-based decompositio...

T paper studies the impact of strategic customer behavior on supply chain performance. We start with a newsvendor seller facing forward-looking customers. The seller initially charges a regular price but may salvage the leftover inventory at a lower salvage price after random demand is realized. Customers anticipate future sales and choose purchase timing to maximize their expected surplus. We ...

In order to support both traditional short transaction and long cooperative transactions, we propose a novel timestamp ordering approach. With this timestamp ordering method, short transactions can be processed in the traditional way, as if there are no cooperative transactions, therefore not be blocked by long transactions; cooperative transactions will not be aborted when there is a conflict ...

This paper discusses the influence of time inconsistency problem on technology-leading firms' choice between in-house production and technology transfer. Because of incredibility of innovator's commitment of not exporting after licensing, she may not be able to extract rent from licensing as much as when she could commit credibly. Facing this distortion, she chooses in-house production when the...

Data Envelopment Analysis (DEA) is an appropriate tool for estimating various types of efficiency including Cost Efficiency (CE). Identifying and identifying inefficiency resources plays an important role in analyzing unit performance in order to plan for improving the status of Decision Making Units (DMUs). Now , if information on the inputs and outputs and pricing information of the evaluated...

In this chapter, we study the optimal commitment of generation units in a decentralized market from the perspective of an individual market participant. We start by comparing the theoretic economic efficiencies of centralized and decentralized unit commitment (UC). We prove that under certain circumstances and in contrast to current teaching, centralized UC can lead to overall higher social wel...