This article studies two types of flexibility used by firms to better respond to uncertain market conditions: resource flexibility and responsive pricing. We consider a situation in which a single flexible resource can be used to satisfy two distinct demand classes. While the resource capacity must be decided based on uncertain demand functions, the resource allocation as well as the pricing de...

This thesis presents the design, analysis, and validation of a hierarchical transactive control system that engages demand response resources to enhance the integration of renewable electricity generation resources. This control system joins energy, capacity and regulation markets together in a unified homeostatic and economically efficient electricity operation that increases total surplus whi...

This study develops a conceptual system optimization model of adoption of a new infrastructure technology with multiple resource sites and multiple demand sites. With the model, this paper analyzes how the adoption of a new infrastructure technology is influenced by heterogeneous distances between different resource-demand pairs, technological spillover among different resource-demand pairs, di...

A common approach to design genetic circuits is to compose gene expression cassettes together. While appealing, this modular approach is challenged by the fact that expression of each gene depends on the availability of transcriptional/translational resources, which is in turn determined by the presence of other genes in the circuit. This raises the question of how competition for resources by ...

An application’s quality of service (QoS) depends on resource availability; e.g., response time is worse on a slow machine. On the cloud, a virtualized application leases resources which are made available on demand. When its work load increases, the application must decide whether to reduce QoS or increase cost. Virtualized applications need to manage their acquisition of resources. In this pa...

The one-demand Hotelling model fails to explain the observed specialization of nonrenewable resources. We develop a model with multiple demands and resources to show that specialization of resources according to demand is driven by Ricardian comparative advantage while the order of resource use over time is determined by Ricardian absolute advantage. An abundant resource with absolute advantage...

Further improvements in demand response programs implementation are needed in order to take full advantage of this resource, namely for the participation in energy and reserve market products, requiring adequate aggregation and remuneration of small size resources. The present paper focuses on SPIDER, a demand response simulation that has been improved in order to simulate demand response, incl...

Cloud computing allow the users to efficiently and dynamically provision computing resource to meet their IT needs. Cloud Provider offers two subscription plan to the customer namely reservation and on-demand. The reservation plan is typically cheaper than on-demand plan. If the actual computing demand is known in advance reserving the resource would be straightforward. The challenge is how to ...