In this paper a new approach for transmission pricing is presented. The main idea is voltage angle allocation, i.e. determining the contribution of each contract on the voltage angle of each bus. DC power flow is used to compute a primary solution for angle decomposition. To consider the impacts of system non-linearity on angle decomposition, the primary solution is corrected in different itera...

in today's competitive world, maintaining competitive power of industries is the requirement of remaining in the competition. in the case of small industries, it also needs to think about strategies of making the industries more competitive in order to survive and have successful activity in competition. in many countries, one of the methods that have gained successful experience in increa...

Pricing is one of the major aspects of decision making in supply chain. In the previous works mostly a centralized environment is considered indicating the retailers cannot independently apply their decisions on the pricing strategy. Although in a two-echelon decentralized environment it may be possible that supply chain contributors have encountered with different market power situations which...

On typical medium voltage feeder, Load side management means power energy consumption controlling at connected loads. Each load has various amount of reaction to essential parameters variation that collection of these reactions is mentioned feeder behavior to each parameter variation. Temperature, humidity, and energy pricing variation or major event happening and power utility announcing to th...

This paper studies congestion management based on congestion pricing as may be done by an Independent System Operator. Four main concepts are discussed: congestion pricing can lead to the same solution as an Optimal Power Flow, pricing need not have cost information available, good estimates of nonlinear cost coefficients are necessary, and pricing for congestion management is separable from pr...

This paper presents a location-inventory-pricing model for designing the distribution network of a supply chain with price-sensitive demands and inventory-capacity constraints. The supply chain has market power and uses markup pricing. An efficient Lagrangian relaxation algorithm is proposed to solve the model. Our numerical study shows that by moderately increasing the number of possible value...

In a de-regulated open access environment, reactive power is one of the ancillary services which must be provided by an Independent System Operator (ISO). In this paper, a new algorithm is proposed in which reactive power resources are initially so tuned that optimum security in terms of voltage profile and voltage stability are achieved while at the same time, the system losses are minimized. ...

We study utility indifference pricing of claim streams with intertemporal consumption and power (CRRA) utilities. We derive explicit formulas for the derivatives of the utility indifference price with respect to claims and wealth. The simple structure of these formulas is a reflection of surprising operator identities for the derivatives of the optimal consumption stream. For example, the parti...

With the aid of Taylor-based approximations, this paper presents results for pricing insurance contracts by using indifference pricing under general utility functions. We discuss the connection between the resulting “theoretical” indifference prices and the pricing rule-of-thumb that practitioners use: Best Estimate plus a “Market Value Margin”. Furthermore, we compare our approximations with k...