Pricing and Inventory Control Strategy for a Periodic-Review Energy Buy-Back System
文献类型：期刊论文
| 作者 | Zhang Jihong1; Chen Hongqiao2; Ding Xiaosong1,3; Li Xian1 |
| 刊名 | JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY
 |
| 出版日期 | 2016-08-01 |
| 卷号 | 29期号:4页码:1018-1033 |
| 关键词 | Additive demand function energy buy-back program joint pricing and inventory control Veinott's conditions |
| ISSN号 | 1009-6124 |
| DOI | 10.1007/s11424-016-4101-0 |
| 英文摘要 | Along with the rapid development of economics and enhancement of industrialization, the power demand keeps rising and frequently creates mismatch between demand and supply in electricity. This provides miscellaneous energy buy-back programs with great opportunities. Such programs, when activated, offer certain amount of financial compensations to participants for reducing their energy consumption during peak time. They aim at encouraging participants to shift their electricity usage from peak to non-peak time, and thereby release the demand pressure during peak time. This paper considers a periodic-review joint pricing and inventory decision model under an energy buy-back program over finite planning horizons, in which the compensation levels, setup cost and additive random demand function are incorporated. The objective is to maximize a manufacturer's expected total profit. By using Veinott's conditions, it is shown that the manufacturer's optimal decision is a state dependent (s, S, P) policy under a peak market condition, or partly an (s, S, A, P) policy under the normal market condition. |
| 资助项目 | Young Faculty Research Fund of Beijing Foreign Studies University[2015JT005] ; YETP[YETP0851] ; National Natural Science Foundation of China[71371032] ; Key Project of Beijing Foreign Studies University Research Programs[2011XG003] ; Humanities and Social Science Research Project of Ministry of Education[13YJA630125] ; Fundamental Research Funds for the Central Universities |
| WOS研究方向 | Mathematics |
| 语种 | 英语 |
| WOS记录号 | WOS:000384985600009 |
| 出版者 | SPRINGER HEIDELBERG |
| 源URL | [http://ir.amss.ac.cn/handle/2S8OKBNM/23996]  |
| 专题 | 中国科学院数学与系统科学研究院 |
| 通讯作者 | Ding Xiaosong |
| 作者单位 | 1.Beijing Foreign Studies Univ, Int Business Sch, Beijing 100089, Peoples R China 2.Chinese Acad Sci, Acad Math & Syst Sci, Inst Appl Math, Beijing 100190, Peoples R China 3.Stockholm Univ, DECIDE Res Grp, Dept Comp & Syst Sci, Forum 100, SE-16440 Kista, Sweden |
| 推荐引用方式 GB/T 7714 | Zhang Jihong,Chen Hongqiao,Ding Xiaosong,et al. Pricing and Inventory Control Strategy for a Periodic-Review Energy Buy-Back System[J]. JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY,2016,29(4):1018-1033. |
| APA | Zhang Jihong,Chen Hongqiao,Ding Xiaosong,&Li Xian.(2016).Pricing and Inventory Control Strategy for a Periodic-Review Energy Buy-Back System.JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY,29(4),1018-1033. |
| MLA | Zhang Jihong,et al."Pricing and Inventory Control Strategy for a Periodic-Review Energy Buy-Back System".JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY 29.4(2016):1018-1033. |
入库方式： OAI收割
来源：数学与系统科学研究院
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