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The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated … the growing literature on models used to study demand, consumer baseline (CBL) and demand response in the electricity … market. After characterizing the general demand models, it reviews consumer baseline based on which further study the demand …
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DSM (demand-side management) merits increased attention by power system modelers. Numerical models should incorporate … benefits of demand-side management are inevitable. Building on a model formulation put forward by Göransson et al. (2014), it …
Persistent link: https://www.econbiz.de/10011345684
In this paper we use panel data from a survey conducted on 30 Swiss utilities to estimate the impact of demand …-side management (DSM) activities on residential electricity demand using DSM spending and an energy efficiency score. Using the … statistically significant effect on reducing the demand for residential electricity. …
Persistent link: https://www.econbiz.de/10011753311
The multiple-choice nested knapsack problem (MCKP) is a generalization of the ordinary knapsack problem, where the set of items is partitioned into classes. The binary choice of selecting an item is replaced by taking exactly one item out of each class of items. Due to the fact that the MCKP is...
Persistent link: https://www.econbiz.de/10011558832
The generalized assignment problem (GAP) examines the maximum profit assignment of jobs to processors such that each job is assigned to precisely one processor subject to capacity restrictions on the processors. Due to the fact that the GAP is an NP-hard integer program dual prices are not...
Persistent link: https://www.econbiz.de/10011558833
demand. The optimal tariff is a flat rate if marginal cost of production is low compared to a consumer's degree of loss … aversion and if there is enough variation in the consumer's demand. Moreover, if consumers differ with respect to the degree of …
Persistent link: https://www.econbiz.de/10010333718
We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility … depends on the consumers' rational price expectations from the recent past. By implication, demand responses are more elastic …
Persistent link: https://www.econbiz.de/10010398564
We use a unique hand collected data set of 6,258 auctions from the online football manager game Hattrick to study determinants and effects of reserve prices. We find that chosen reserve prices exhibit both very sophisticated and suboptimal behavior by the sellers. On the one hand, reserve prices...
Persistent link: https://www.econbiz.de/10010333824