As globalisation and international sourcing prevail, constructing an optimal combination of diverse suppliers has become of great importance for meeting measurable objectives, such as on-time delivery, cost efficiency and risk mitigation. This paper presents a method for solving a sealed-bid,...

The present scenario of global economy, the competition is not between individual organisations but between competing supply chains to optimise revenue and reduce the operating cost of supply chain. The areas of Revenue Management and Supply Chain Management represent two fundamental pillars for...

This paper investigates the optimization of the performance of a solar powered Stirling engine based on finite-time thermodynamics. Heat transference in the heat exchangers between a concentrating solar collector and the Stirling engine is studied. The irreversibility of a Stirling engine is...

Transportation electrification has become an important issue in recent decades and the large scale deployment of electric vehicles (EVs) has yet to be achieved. The smart coordination of EV demand addresses an improvement in the flexibility of power systems and reduces the costs of power system...

Reconfiguration, by exchanging the functional links between the elements of the system, represents one of the most important measures which can improve the operational performance of a distribution system. The authors propose an original method, aiming at achieving such optimization through the...

For achieving the European renewable electricity targets, a significant contribution is foreseen to come from offshore wind energy. Considering the large scale of the future planned offshore wind farms and the increasing distances to shore, grid integration through a transnational DC network is...

The present scenario of global economy, the competition is not between individual organisations but between competing supply chains to optimise revenue and reduce the operating cost of supply chain. The areas of Revenue Management and Supply Chain Management represent two fundamental pillars for...