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In this paper, a pricing mechanism is proposed for the electricity supply chain, which is consisting of one generation company (GC), multiple consumers, and competing utility companies (UCs). The UC participates in electricity supply chain management by a revenue sharing contract (RSC). In the electricity supply chain, the electricity real-time balance has an important role in the stable operation of the power system. Therefore, we introduce the demand response into the electricity supply chain to match supply with demand under forecast errors. Hence, we formulate a noncooperative game to characterize the interactions among the multiple competing UCs, which set the retail prices to maximize their profits. Besides, the UCs select their preferred contractual terms offered by the GC to maximize its profits and coordinate the electricity supply chain simultaneously. The existence and uniqueness of the Nash equilibrium (NE) are examined, and an iterative algorithm is developed to obtain the NE. Furthermore, we analyze the RSC that can coordinate the electricity supply chain and align the NE with the cooperative optimum under the RSC. Finally, numerical results demonstrate the superiority of the proposed model and the influence of market demand disruptions on the profits of the UCs, GC, and supply chain.
This article was published in the following journal.
Name: IEEE transactions on cybernetics
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Pilot study to assess the feasibility and initial efficacy of therapist-as-consultant, game-based CI therapy. Pre/post study design. Participant received a target of 30 hours game-based mo...
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Pricing statements presented by more than one party for the purpose of securing a contract.
A voluntary contract between two or more doctors who may or may not share responsibility for the care of patients, with proportional sharing of profits and losses.
A voluntary contract between two or more dentists who may or may not share responsibility for the care of patients, with proportional sharing of profits and losses.
Provisions of an insurance policy that require the insured to pay some portion of covered expenses. Several forms of sharing are in use, e.g., deductibles, coinsurance, and copayments. Cost sharing does not refer to or include amounts paid in premiums for the coverage. (From Dictionary of Health Services Management, 2d ed)
Theoretical construct used in applied mathematics to analyze certain situations in which there is an interplay between parties that may have similar, opposed, or mixed interests. In a typical game, decision-making "players," who each have their own goals, try to gain advantage over the other parties by anticipating each other's decisions; the game is finally resolved as a consequence of the players' decisions.
The Top 100 Pharmaceutical Companies
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