We present an integrated approach to pricing and scheduling for services that are differentiated in terms of throughput, delay and loss specifications. The key building block to the model are quality value curves that specify a user's value of higher quality levels. From the analysis emerges a...

Cascading failures are one of the main reasons for blackouts in electric power transmission grids. The economic cost of such failures is in the order of tens of billion dollars annually. The loading level of power system is a key aspect to determine the amount of the damage caused by cascading...