This paper proposes an economic dispatch strategy for the electricity system with one generation company, multiple utility companies and multiple consumers, which participate in demand response to keep the electricity real-time balance. In the wholesale markets, multiple utility companies will commonly select a reliable agent to negotiate with the generation company on the wholesale price. It i...

Analyses were conducted to develop and test the efficacy of beef carcass cutability prediction equations. Data from 1,602 calf-fed steer carcasses (Germplasm Utilization Project; GPU) were used to develop the equations and an additional 1,160 calf-fed steer carcasses (Germplasm Evaluation Project; GPE) were used to validate the equations. In both experimental groups, USDA yield grade ranged fro...

We study a supply chain consisting of an upstream supplier who invests in innovation, which increases the value of products to end users, and downstream manufacturers who sell to end users. We analyze the supplier’s optimal innovation decision and show that the supplier’s optimal innovation level is higher with the wholesale price contract than with bilateral bargaining. Moreover, with the whol...

This paper explores the relationship between the structure of the market for the reÞning and distribution of gasoline and the wholesale price of unbranded gasoline sold to independent gasoline retailers. Theoretically, the effect of an increase in vertical integration is ambiguous because opposing forces act to increase and decrease wholesale prices. We empirically examine the effects of vertic...

The COVID-19 pandemic resulted in the establishment of several restrictions Japan that caused an external shock to food supply chain. This study investigates onion price changes resulting from Tokyo wholesale/retail market by using anomaly analysis, asymmetric transmission, and event study. It was found wholesale experienced a significant fall between April 2020 May recovered after state emerge...

The present study was focused on supply chain analysis of fresh guava in order to evaluate existing marketing supply chains (SC1: Producer - Consumer, SC2: Producer - Retailer - Consumer, SC3: Producer - Commission agent - Retailer - Consumer, SC4: Producer - Commission agent - Wholesaler - Retailer - Consumer) for two variety (allahabad safeda and apple guava) of guava. The gross marketing pri...

We study supply chain contracting with investment in demand forecasting under downstream competition. Supporting some recent industry observations, we show that under common pricing schemes, such as wholesale price or two-part tariff, downstream firms overinvest in demand forecasting. Analyzing the bounds and determinants of overinvestment, we demonstrate that the wholesale price and two-part t...

Transmission expansions can increase the extent of competition faced by wholesale electricity suppliers with the ability to exercise unilateral market power. This can cause them to submit offer curves closer to their marginal cost curves, which sets market-clearing prices closer to competitive benchmark price levels. These lower wholesale market-clearing prices are the competitiveness benefit c...