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In this study, an improved cascaded neural network is utilized to determine a Marketing Clearing Price (MCP) for energy in the wholesale market Russian. Research on MCP prediction has attracted lot of attention recent years. This study recommends unique approach based customized back propagation algorithm retraining, testing, and testing pricing over many months. research contributed developmen...

Many critical goods and services in modern-day economies are produced and distributed through complex institutional arrangements. Agent-based computational economics (ACE) modeling tools are capable of handling this degree of complexity. In concrete support of this claim, this study presents an ACE test bed designed to permit the exploratory study of restructured U.S. wholesale power markets wi...

-The design of wholesale electricity markets through deregulation has focused almost exclusively on the development of competitive supply (generation). The demand side of the market has been virtually ignored. Mostly, this is due to the assumption that electricity demand is almost completely inelastic. As a result, deregulated wholesale markets universally fail to pass price signals down to the...

We study the effects of credit risk in a supply chain where one retailer deals with competing risky suppliers who may default during their production lead-times. The suppliers, who compete for business with the retailer by establishing wholesale prices, are leaders in a Stackelberg game with the retailer. The retailer, facing uncertain future demand, chooses order quantities while weighing the ...

I study U.S. gasoline prices following Hurricane Rita to show that short-lived geographical differences in the severity of wholesale gasoline price spikes are associated with long-lasting geographical differences in retail prices. In most U.S. cities, wholesale prices spiked significantly for roughly two weeks following the hurricane. However, in cities where this spike was particularly large, ...

Producers in a perfectly competitive industry compete to obtain shelf space at the retail level. Barring contract observability problems, slotting allowances are observed in equilibrium. Producers charge a high wholesale price, but give back their profits via up-front payments to retailers. However, if the individual supplier retailer wholesale price terms are unobservable by competitors, then ...

This paper argues that many determinants of generic oligopoly market outcomes can be studied in bidbased wholesale electricity markets under much weaker assumptions than in other oligopoly industries because of their rich data, regulatory history, and clearly specified market rules. These methods are compared to those used in existing studies of oligopolistic industries where the best data avai...

This study investigates optimal decisions in a low-carbon supply chain consisting of manufacturer and leading retailer considering the green investment fairness preferences member firms. Four Stackelberg game decision models are constructed, which engage separately when has does not have preferences. The impacts on comparatively analysed. results show that firms regardless presence or absence t...

With the development of commodity market, corporate social responsibility (CSR) has become a topic widespread concern for both enterprises and society. Cause-related marketing (CRM), as an effective tool to fulfill their responsibility, is rapidly being applied all stages supply chain. However, there no conclusive evidence on implementation strategy CRM chain members. In this paper, we study de...