The joint uncertainties of wholesale price and end-user demand quantity often poses huge pricing challenges to energy retailers. However, the literature lacks analysis of such uncertainties’ impacts on retailer pricing behaviors and possible he...
This paper examines the issue cost-effective procurement of a commodity product when its spot (open) market prices are stochastic, contract prices are previously determined, and there are costs associated with adjusting (i.e., switching) the procurem...
Energy transactions in liberalized markets are subject to price and quantity uncertainty. This paper considers the spot price and energy generation to follow a bivariate semi-nonparametric distribution defined in terms of the Gram–Charlier expansion....
Virtual power plants (VPPs) enable the efficient participation of distributed renewable energy resources in electricity markets by aggregating them. However, the profitability of VPPs is challenged by market volatility and regulatory constraints, suc...
The increasing integration of distributed energy resources, renewable generation, and flexible loads has made Virtual Power Plant (VPP) market participation highly exposed to price volatility and operational uncertainty. This paper proposes Graph-X,...
Ex-ante appraisal of agricultural policy needs a transparent way to trace how sectoral interventions translate into production. We study the Polish CAP case and ask how much selected actions matter for livestock sectors. We assembled intervention-lev...
Since the subprime crisis, the U.S. has begun to adjust its international trade policies due to the worldwide economic slowdown, leaving its trading partners facing great uncertainty in trade policy. In this study, we developed a panel model to empir...
Market uncertainty has a significant impact on market performance. Previous studies have dedicated much effort towards investigations into market uncertainty related to information asymmetry and risk. However, they have neglected the uncertainty inhe...
With the deregulation of electricity market, generation companies must take part in strategic bidding by offering its bidding quantity and bidding price in a day-ahead electricity wholesale market to sell their electricity. This paper studies the str...
To coordinate the supply chain risk caused by demand uncertainty, this paper proposed a flexible return strategy under demand uncertainty, in which the retailer can choose return quantity independently by put option after the selling season, while th...
Uncertainty in demand and high online return rates tend to generate a large inventory backlog after a hot selling season. Some well-known companies such as Burberry and H&M choose to burn these backlogs, which is very unfavorable to the sustainab...
The electricity market in Brazil is basically organized under two parts: the regulated market, where energy is traded through auctions, and the free market, where market participants freely negotiate the price and quantity of electricity. Although re...
In this paper, we study the green credit financing equilibrium in a green supply chain (GSC) with government subsidy and supply uncertainty. The GSC system is composed of one manufacturer, two retailers, one bank, and the government. The manufacturer...
With the increasing awareness of environmental protection, firms pay much more attention to the recycling and remanufacturing of used products. This paper addresses the problem of the optimal pricing in recycling and remanufacturing in uncertain envi...
The faster growth of technology stipulates the rapid development of new products; with the spread of new technologies old ones are outdated and their market demand declines sharply. The combined impact of demand uncertainty and short life-cycles comp...
Different refund policies offered by e-commerce platforms provide diverse options for consumers and are crucial for enhancing after-sales service. This study constructs a refund and ordering decision model based on three typical refund policies: both...
This paper investigates a retailer-leading two-tier supply chain with a buyback contract under market demand uncertainty, where the retailer first announces a potential maximal order quantity and the supplier then provides a unit wholesale price to i...
Most large construction projects face the problem of cost overruns and failures to meet deadlines mainly due to changes in the cost of building materials. A lot of studies proved the high importance of the cost of building materials for the project b...
Due to the uncertainty of world economic development, market demands are stochastic and the supply quantities of suppliers in the supply chain are always flexible, so a mixed wholesale-option-contract (abbreviated as a mixed contract) is one of the g...
In this paper, we provide a welfare ranking for the equilibria of the supply function and quantity competitions in a differentiated product duopoly with demand uncertainty. We prove that the expected consumer surplus is always higher under the supply...
Barter exchange is a system of swapping goods or services for other goods or services in a moneyless and direct manner. Barter has become an effective model of a circular economy because it reduces the consumption impact. Bartering maximizes the util...
Core acquisition is essential to the success of the remanufacturing business. The value of sorting and grading cores into nominal-quality classes has been certified in industry and academia. In this paper, we investigate how many unsorted cores of un...
To address the issue of excessive pessimism caused by demand and supply uncertainties in the green hydrogen supply chain, this study develops a two-tier green hydrogen supply chain model comprising upstream hydrogen production stations and downstream...
With the complex and changeable environment, the demand and yield in the perishable products supply chain are usually uncertain. This paper studies a joint contract that combines revenue sharing with quantity discount to coordinate the supply chain u...
The fundamental modeling of energy systems through individual unit commitment decisions is crucial for energy system planning. However, current large-scale models are not capable of including uncertainties or even risk-averse behavior arising from fo...
With the rapid development of information technology and communication technology, several online recovery platforms have introduced offline channels to encourage customers to participate in product acquisition and improve profits. Motivated by this...
Demand uncertainty and supply imbalances pose persistent challenges for procurement decisions. In practice, firms often mitigate such mismatches through inventory swapping and spot market procurement. Motivated by this observation, this paper develop...
In today’s volatile supply chain environment, organizations require flexible and collaborative procurement strategies. Swap contracts, originally developed as financial instruments, have recently been adopted to address inventory imbalances&mda...
The selling price is one of the essential variables in decision making for fishers regarding the catching of a fishing resource. In the case of the Pacific Mexican lobster fishery, the price uncertainty at the beginning of the season translates into...
This research probes the potential of weather derivatives as tools for mitigating the variability of crop yields due to climatic uncertainties in China. Centered on Tongliao City in Inner Mongolia, the study exploits a long short-term memory (LSTM) n...
As economic fluctuations and market uncertainty intensify, supply chain members face enormous challenges. To explore the role of revenue-sharing contracts in supply chain members with different risk preferences, we study the risk-averse two-stage sup...
We refine a bottom-up, quantity-clearing framework of Bitcoin price formation that couples its fixed 21-million-coin cap with plausible demand growth and execution behavior. This approach relies on first-principles economic supply-and-demand dynamics...
Background: Manufacturing supply chains must increasingly coordinate cost, environmental impact, and service continuity under demand uncertainty and limited capacity. Methods: This study develops a stochastic mixed-integer linear programming framewor...
Building users are key participants in demand response (DR) markets, providing significant flexible resources. Due to uncertainty in market clearing prices, various risk-based decision models have been developed to describe their bidding behavior, ty...
Financial econometrics has expanded rapidly in recent decades, giving researchers many new tools for empirical analysis. Yet empirical findings often remain sensitive to modeling choices, sample construction, and specification decisions, suggesting t...
Cost estimation remains challenging under volatile market conditions and rapidly changing material prices. This study develops a BOQ-driven BIM-to-Python workflow for time-dependent construction unit-price forecasting by linking BIM-generated Bills o...
As the participation of photovoltaic–storage systems (PVSS) in the energy and frequency regulation ancillary service markets continues to increase, the market risks caused by photovoltaic output uncertainty will directly affect photovoltaic int...
This paper investigates information leakage and financing simultaneously in a supply chain (SC) consisting of one capital-constrained supplier and two retailers with private demand-forecast signals. The supplier invests in corporate social responsibi...
Based on two substitute products, we study the inventory and contract coordination strategy of a three-echelon supply chain, which consists of two suppliers, a manufacturer and a retailer, under supply disruption and stochastic demand. We investigate...
19 May 2020
Remanufacturing plays an important role in a circular economy, by shifting supply chains from linear to closed loop. However, the development of the remanufacturing industry faces many challenges. Consumers’ uncertainty about the quality of rem...
In the context of agriculture, we focus in this paper on a two-echelon supply chain consisting of a supplier facing weather-related yield uncertainty and a retailer facing market-linked demand uncertainty. We mainly investigated how the randomness of...
As the proportions of variable renewable sources (VRSs) such as solar and wind energy increase rapidly in the power system, their uncertainties inevitably undermine power supply reliability and increase the amount of operating reserve resources requi...
Even though organic farming is perceived worldwide as the most eco-friendly agricultural method, its significantly lower yield compared to conventional farming poses a major challenge in ensuring food security for the ever-increasing world population...
During the COVID-19 pandemic, uncertainty has increased in many areas of both business supply and demand, notably oil demand and pricing have become even more unpredictable than before. Thus, for companies that buy large quantities of oil, effective...
The design and reliability assurance of embedded systems is a complex issue, since they need to handle not only digital behavior but also physical quantities such as time, cost, and sometimes randomness. In addition, since many embedded systems, such...
Interval demand is becoming more common than ever before, since the variation bounds of uncertain demand are only required in practice, and they could be obtained through only a small amount of uncertain information. The goal of this paper is to anal...
A new robust scheduling method for pumping water in a water distribution system under the uncertainty of activating regulation reserves is proposed in this paper. During the operation of power systems, utilizing the energy equipment of the customer t...
29 April 2021
The rapid development of e-commerce technologies has encouraged collection centers to adopt online recycling channels in addition to their existing traditional (offline) recycling channels, such the idea of coexisting traditional and online recycling...
A future trend in agricultural development is to promote the green transformation of agriculture and realize the transformation from extensive consumption to environmentally friendly consumption. However, in the process of circulating green agricultu...
This study investigated optimal green operation and information leakage decisions in a green supply chain system. The system consists of one supplier, one leader retailer 1, one follower retailer 2, and the government. In this system, the government...
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