In this paper, a stochastic two-stage model is offered for optimization of the day-ahead scheduling of the microgrid. System uncertainties including dispatchable distributed generation and energy storage contingencies are considered in the stochastic model. For handling uncertainties, Monte Carlo simulation is employed for generation several scenarios and then a reduction method is used to decr...

We show that the announcement of SCM applications have a positive impact on the market value of firms using event study methodology. When SCM applications are disaggregated according to whether they are standalone SCM applications, or part of an enterprise system (SCM-ES) implementation, we find that the latter carry a significant value enhancement, while the former do not present a significant...

Gender roles in agriculture can be quite specific, not only in view of particular labor inputs during the production cycle but also in terms of who farms and who trades certain crops. Using data collected over ten years in West Africa, this study looked at market-oriented urban vegetable production in West Africa and Ghana in particular. Gender disaggregated data on key issues such as access an...

We construct a simple model of monetary exchange where, as in Lagos and Wright (2003), trades take place in both centralized and decentralized markets. However, in constrast to Lagos and Wright, we allow for general preferences and introduce nonconvexities (indivisiblities) and sunspots. In the centralized market, agents can trade statecontingent commodities. We show that nonconvexities and sun...

This paper explores the effect of banking market structure on the market structure of industrial sectors. It asks whether concentration in the banking market promotes the formation of industries constituted by a few, large firms, or rather, whether it facilitates the continuous entry of new firms, thus maintaining unconcentrated market structures across industries. Theoretical arguments could b...

Considering Russia’s rich and vast oil resources, this country is one of the world’s greatest producers and exporters of this nonrenewable energy resource, and like other petrostates, receives a major part of its national income in this way. The dependence of Russia’s budget on oil has raised the significance of world oil price fluctuations for this country. Since 1970s, the global oil market h...

Storage devices can provide several grid services, however it is challenging to quantify the value of providing several services and to optimally allocate storage resources to maximize value. We develop a co-optimized Compressed Air Energy Storage (CAES) dispatch model to characterize the value of providing operating reserves in addition to energy arbitrage in several U.S. markets. We use the m...