For economic benefit of wind power generation, the equivalent conversion relationships and models between the different “quality” energy are studied deeply in the conversion processes of wind energy. Considering the effect of load demand characteristics and energy supply price on the wind energy utilization mode comprehensively, the multi-objective trans-utilization optimization model of wind e...

This paper proposes a methodology for practical siting and sizing of Hybrid energy systems (HESs) consist of: wind turbine (WT), photovoltaic (PV) and combined heat and power (CHP) units. In this method, the interaction of Plug-in Electric Vehicles (PIEVs) in the electric distribution system is considered. Electric Vehicle are seen to have some negative impacts on electric distribution system p...

Restructuring in the power industry is followed by splitting different parts and creating a competition between purchasing and selling sections. As a consequence, through an active participation in the energy market, the service provider companies and large consumers create a context for overcoming the problems resulted from lack of demand side participation in the market. The most prominent ch...

We consider the residential energy storage management system with integrated renewable generation, with the availability of bidirectional energy flow from and to the grid thorough buying and selling. We propose a real-time bidirectional energy control algorithm, aiming to minimize the net system cost, due to energy buying and selling and battery deterioration and inefficiency from storage activ...

I n this article, we study the newsvendor problem with endogenous setting of price and quoted lead-time. This problem can be observed in situations where a firm orders semi-finished product prior to the selling season and customizes the product in response to customer orders during the selling season. The total demand during the selling season and the lead-time required for customization are un...

T paper defines a unique type of product or service offering, termed probabilistic goods, and analyzes a novel selling strategy, termed probabilistic selling (PS). A probabilistic good is not a concrete product or service but an offer involving a probability of getting any one of a set of multiple distinct items. Under the probabilistic selling strategy, a multi-item seller creates probabilisti...

CONTEXT Many countries have a shortage of kidneys available for transplantation. Paying people to donate kidneys is often proposed or justified as a way to benefit recipients by increasing the supply of organs and to benefit donors by improving their economic status. However, whether individuals who sell their kidneys actually benefit from the sale is controversial. OBJECTIVE To determine the...

The purpose of this research is to determine the effect short-selling restrictions on corporate innovation investments China's publicly traded energy businesses. According external governance theory, it predicted that deregulation short selling serves as a monitoring role for businesses' investments, which are particularly vulnerable efficiency issues. Between 2010 and 2018, multiple linear reg...

Smart grids enhance power grids by integrating electronic equipment, communication systems and computational tools. In a smart grid, consumers can insert energy into the power grid. We propose a new energy management system (called RLbEMS) that autonomously defines a policy for selling or storing energy surplus in smart homes. This policy is achieved through Batch Reinforcement Learning with hi...