Search Results (32)

Shared energy storage provides a promising solution for the operation of microgrid clusters. This paper explores a hybrid electric–hydrogen shared energy storage model within microgrid clusters, aiming for clean energy generation and economical energy supply despite renewable energy’s unpredictability and complex stakeholder interactions. First, the proposed method features a shared energy storage operator that hosts electric storage and power-to-gas, enabling multi-microgrids energy sharing. To address market dynamics, a hybrid game theory approach using Nash bargaining and Stackelberg games is employed to manage interactions among the shared energy storage operator, microgrid operators, and internal end-users, while accounting for their differing interests. Second, to address uncertainty in renewable energy output, a distributionally robust optimization model is implemented with conditional value at risk, focusing on risk in extreme scenarios. The Adaptive Alternating Direction Method of Multipliers algorithm and Karush–Kuhn–Tucker conditions are used to solve the optimal decision scheme for each entity. Finally, a case study is used to verify the model’s effectiveness. Simulation results show that hybrid electric–hydrogen energy sharing improves resource utilization, leading to significant revenue increases for microgrids and higher profitability for shared energy storage operator. The game-theory-based approach ensures equitable revenue distribution and a 9.86% increase in coalition revenue. It provides a flexible approach to balance economic efficiency and system robustness by allowing decision-makers to adjust risk preference parameters and use historical sample data for informed decision-making. Full article

With the widespread adoption of electric vehicles, commercial charging stations (CCS) have grown rapidly as a core component of charging infrastructure. Due to the concentrated and high-power charging load characteristics of CCS, a ‘peak on peak’ phenomenon can occur in the power distribution network. Demand response (DR) serves as an important and flexible regulation tool for power systems, offering a new approach to addressing this issue. However, when CCS participates in DR, it faces a dual dilemma between operational revenue and user satisfaction. To address this, this paper proposes a bi-level, multi-objective framework that co-optimizes station profit and nonlinear user satisfaction. An asymmetric sigmoid mapping is used to capture threshold effects and diminishing marginal utility. Uncertainty in users’ charging behaviors is evaluated using a Monte Carlo scenario simulation together with chance constraints enforced at a 0.95 confidence level. The model is solved using the fast non-dominated sorting genetic algorithm, NSGA-II, and the compromise optimal solution is identified via the entropy-weighted Technique for Order Preference by Similarity to an Ideal Solution (TOPSIS). Case studies show robust peak shaving with a 6.6 percent reduction in the daily maximum load, high satisfaction with a mean of around 0.96, and higher revenue with an improvement of about 12.4 percent over the baseline. Full article

Exemplified by EcoStruxure from Schneider and CASICloud, production-capacity-sharing platforms typically operate as two-sided platforms. These platforms contribute to carbon emission reductions while generating revenue through uniform membership fees, fixed service charges, or commission fees applied to one or both sides of the platform. As B2B platforms, however, they must determine whether to offer online payment options to participants on both sides of the market. We employ the theory of two-sided markets and the method of comparative analysis, developing a two-sided market model to investigate: (1) the platform’s optimal payment method selection strategies and (2) how same-side network externalities and user online search costs affect platform performance. We examine two payment modes: M mode (offline payments only) and F mode (combined offline/online payments). The F mode comprises two sub-modes—FF (two-sided users choose to pay offline) and FN (two-sided users choose to pay online)—determined by users’ payment preferences on each side. We conduct pairwise comparisons of the platform’s membership fee, fixed service fee, and online service level between: (i) FF and M modes and (ii) FN and M modes. Our results indicate that the optimal payment method selection varies across market conditions, with each mode demonstrating superior performance under specific market characteristics. The FF mode consistently yields higher profits compared to the M mode. When suppliers’ expected revenues fall below a certain threshold, the FN mode outperforms the M mode in terms of profit generation. Conversely, the M mode becomes preferable above this threshold. Furthermore, the effects of same-side network externalities and search costs vary significantly across different payment modes. Under the M mode and the FF₁ mode, the effects of the same-side network externality on the platform’s membership fee are associated with two-sided users’ online search costs, which are more monotonous. Under the FN₁ and FN₂ modes, both the same-side network externality and two-sided users’ online search costs impact the platform’s optimal strategies monotonously, but they are not always the same in these two modes. Full article

Equipment failure is the leading cause of industrial operational disruption, with unplanned downtime accounting for up to 11% of manufacturing revenue, highlighting the need for effective proactive maintenance strategies, such as protective sensors that can detect potential failures in critical equipment before a functional failure occurs. However, sensors are also subject to hidden failures themselves, requiring periodic failure-finding inspections. This study proposes a novel integrated multimethodological approach combining discrete event simulation, Monte Carlo, optimization, risk analysis, and multicriteria decision analysis methods to determine the optimal inspection period for protective sensors subject to hidden failures. Unlike traditional single-objective models, this approach evaluates alternative inspection periods based on their risk-informed overall values, considering multiple conflicting key performance indicators, such as maintenance costs and equipment availability. The optimal inspection period is then selected considering uncertainties and the intertemporal, intra-criterion, and inter-criteria preferences of the organization. The approach is demonstrated through a case study at the leading Portuguese electric utility, replacing previous empirical inspection standards that did not consider economic costs and uncertainties, supported by an open, transparent, auditable, and user-friendly decision support system implemented in Microsoft Excel using only built-in functions and modeled based on the principles of probability management. The results identified an optimal inspection period of 90 h, representing a risk-informed compromise distinct from the 120 h interval suggested by cost minimization alone, highlighting the importance of integrating organizational preferences into the decision process. A sensitivity analysis confirmed the robustness of this solution, maintaining validity even as the organizational weight for equipment availability ranged between 35% and 82%. The case study shows that the proposed approach enables the identification of inspection intervals that lead to quantitatively better maintenance cost and availability outcomes compared to empirical inspection standards. Full article

This study presents a data-driven framework for optimizing parking space allocation and pricing in large commercial complexes, addressing persistent spatial imbalances in occupancy between high- and low-demand zones. A mixed Logit (ML) model with interaction terms is estimated from stated preference survey data to capture heterogeneous user preferences across trip purposes. A dual clustering algorithm is then applied to generate spatially coherent pricing zones, integrating geometric, functional, and occupancy-based attributes. Two differential pricing strategies are formulated: an administered model with regulatory price bounds and a market-based model without such constraints. Both pricing models are solved using an improved multi-objective Particle Swarm Optimization–Grey Wolf Optimizer (PSO–GWO) algorithm that jointly optimizes spatial zoning and zone–time pricing schedules. Using data from the Kingmo Complex in Nanjing, China, the results show that both strategies significantly reduce spatio-temporal occupancy variance and improve utilization balance. The administered strategy reduces variance by up to 67% on weekdays, with only a 1% increase in revenue, making it suitable for contexts prioritizing regulatory compliance and price stability. In contrast, the market-based strategy reduces variance by over 40% while generating substantially higher revenue, particularly during periods of high and uneven demand. The proposed framework demonstrates the potential of integrating behavioral modeling, spatial clustering, and multi-objective optimization to improve parking efficiency. The findings provide practical guidance for operators and policymakers seeking to implement adaptive pricing strategies in large-scale parking facilities. Full article

As digital media companies pursue sustainable revenue, AI-based strategies like personalized advertising and dynamic paywalls have become prevalent. These monetization models involve different forms of consumer data collection, raising distinct privacy concerns. This study investigates how digital news users perceive privacy trade-offs between these two AI-driven models. Based on Communication Privacy Management Theory and Privacy Calculus Theory, we conducted a survey of 336 Korean news consumers. Findings indicate that perceived control and risk significantly affect users’ willingness to disclose data. Moreover, users with different privacy orientations prefer different monetization models. Those favoring dynamic paywalls tend to be more privacy-sensitive and show a higher willingness to pay for personalized, ad-free content. While personalization benefits are broadly acknowledged, the effectiveness of privacy control mechanisms remains limited. These insights highlight the importance of ethical, user-centered AI monetization strategies in journalism and contribute to theoretical discussions around algorithmic personalization and digital news consumption. Full article

In the context of the digital economy, big data cooperative assets serve as a critical pathway for enterprises to achieve sustainable development by enabling both immediate economic returns and long-term environmental and social value creation. How is sustainable development achieved through big data cooperative assets? This study examines how Chinese listed companies from 2000 to 2023 drive value realization across different time dimensions—including immediate economic value and sustainable value—by aligning with user revenue preferences (short-term profit orientation vs. long-term sustainability orientation) to leverage big data cooperative assets. Using patented indicators to measure innovation value and management-oriented indicators to identify types of return preferences, the study found the following: Firms aligned with short-term revenue preferences primarily enhance immediate economic value through operational data linkages, whereas those aligned with long-term sustainability preferences achieve sustained environmental and social value creation through strategic data insight mechanisms. Furthermore, heterogeneity analysis across industries reveals that construction firms tend to prioritize long-term sustainable value via data mechanisms, relatively deemphasizing short-term optimizations. This research not only elucidates the mechanisms through which big data drives sustainable development from a temporal preference perspective but also provides strategic insights for enterprises across different industries to balance short-term revenue and long-term sustainability goals. It holds significant theoretical and practical implications for the transformation toward sustainable business models. Full article

In the realm of recommender systems, the prediction of diverse customer preferences has emerged as a compelling research challenge, particularly for multi-state business organizations operating across various geographical regions. Collaborative filtering, a widely utilized recommendation technique, has demonstrated its efficacy in sectors such as e-commerce, tourism, hotel management, and entertainment-based customer services. In the item-based collaborative filtering approach, users’ evaluations of purchased items are considered uniformly, without assigning weight to the participatory data sources and users’ ratings. This approach results in the ‘relevance problem’ when assessing the generated recommendations. In such scenarios, filtering collaborative patterns based on regional and local characteristics, while emphasizing the significance of branches and user ratings, could enhance the accuracy of recommendations. This paper introduces a turnover-based weighting model utilizing a big data processing framework to mine multi-level collaborative filtering patterns. The proposed weighting model assigns weights to participatory data sources based on the turnover cost of the branches, where turnover refers to the revenue generated through total business transactions conducted by the branch. Furthermore, the proposed big data framework eliminates the forced integration of branch data into a centralized repository and avoids the complexities associated with data movement. To validate the proposed work, experimental studies were conducted using a benchmarking dataset, namely the ‘Movie Lens Dataset’. The proposed approach uncovers multi-level collaborative pattern bases, including global, sub-global, and local levels, with improved predicted ratings compared with results generated by traditional recommender systems. The findings of the proposed approach would be highly beneficial to the strategic management of an interstate business organization, enabling them to leverage regional implications from user preferences. Full article

With the continuous advancement of the Internet and information technologies, the capacity for development and integration of vehicle and cargo resources has been significantly enhanced, driving the rapid emergence of vehicle–cargo matching platforms. Serving as critical intermediaries between vehicle owners and cargo owners, vehicle–cargo matching platforms effectively address key challenges in traditional logistics, such as low matching efficiency and information asymmetry. As a result, they significantly improve the intelligence and precision of logistics resource allocation. However, at the current stage, vehicle–cargo matching platforms rarely promote freight pooling services, leading to resource underutilization. Due to the freight pooling matching problem involving the combination and allocation of multiple vehicle owners and cargo owners, which is highly complex, few scholars have conducted research on such issues. The lack of coordinated optimization in matching models may result in inefficiencies, and the limited consideration of individual user preferences can lead to low user satisfaction. Therefore, this paper focuses on the freight pooling matching problem in vehicle–cargo matching platforms. To improve matching efficiency and fully consider user preferences, the theory of stable matching is introduced into the freight pooling matching problem. It defines the concepts of combination preferences and group stability based on combination preferences, establishes a group stable matching model for the freight pooling business of vehicle–cargo matching platforms, and verifies the stability of the model through theoretical proof. Since this model is a mixed-integer linear programming model with relatively few decision variables but a large number of constraints, this paper introduces the cutting-plane algorithm. Based on the characteristics of the problem, the algorithm is improved by removing ineffective constraints and only using key constraints, significantly reducing computational complexity, optimizing the solving process, and greatly improving the model’s solution efficiency. This approach aligns well with the characteristics of the vehicle–cargo freight-pooling matching model. The research results indicate that the group stable matching model significantly improves platform revenue, vehicle owners’ profits, and cargo owners’ satisfaction across various supply and demand scenarios. Additionally, the cutting-plane algorithm reduces computation time by 97% and decreases the number of constraints during the solving process by 99%. The stable matching theory and solution algorithm proposed in this paper can provide users with precise matching schemes, significantly improving matching efficiency, user satisfaction, platform revenue and platform competitiveness. It demonstrates high innovation and practical application value. Full article

Urban traffic management faces significant challenges in balancing parking supply with user demand. This study introduces a novel parking demand model that integrates simulation-based pricing with elasticity functions derived from revealed preference data, segmented across predefined user categories, such as short-term visitors (e.g., shoppers) and monthly subscribers (e.g., commuters). Unlike previous models, this approach does not rely on survey-based inputs and explicitly accounts for both natural and chaotic demand behaviors, thereby improving forecasting accuracy under oversaturated conditions. The model supports sustainable parking management by optimizing space availability, while simultaneously increasing occupancy and enhancing revenue generation. Full article

As an essential component of China’s comprehensive transportation network, freeways play an irreplaceable role in promoting regional economic integration, improving logistics efficiency, and serving public travel. However, the development of freeways faces challenges such as the underutilization of road resources, significant financial pressure for construction and maintenance, and imbalanced revenue and expenditure leading to heavy debt burdens, which severely impact the sustainable development of freeways. Optimizing freeway toll rates is an effective measure to alleviate these issues, playing a crucial role in enhancing the operational efficiency of the road network and increasing the revenue of freeway operating enterprises. Existing studies have focused on finding the optimal toll rates for freeways based on bi-level programming models, neglecting the dynamic relationships among individual travel behavior preferences, toll rates, travel demand, and toll revenue. Grounded in bounded rationality theory, the research employs microscopic traffic simulation technology to analyze the dynamic relationships among freeway toll rates, travel demand, and toll revenue. The results confirm that travel demand decreases as toll rates increase, while toll revenue exhibits asymmetric “synchronization” and “asynchronization” phases, peaking at CYN 58.9 thousand (USD 8246) when the toll rate reaches CYN 0.45/km (USD 0.06/km). Additionally, users’ rationality levels significantly affect the stabilization time of toll revenue, and the speed difference between freeways and parallel roads demonstrates a threshold effect on travel demand and revenue. These findings provide theoretical and technical support for optimizing freeway toll strategies, enhancing operational efficiency, and promoting sustainable transportation development. Full article

To enhance the utilization of emerging energy sources, the application of battery energy storage systems (BESSs) was increasingly explored by investors. However, the immature development of BESS technologies introduced supply–demand imbalances, complicating the establishment of standardized cost analysis frameworks for potential investments. To address this challenge, a hybrid optimization model for a user-side BESS was developed to maximize total net returns over the system’s entire life cycle. The model accounted for factors such as energy storage arbitrage revenue, government tariff subsidies, reductions in electricity transmission fees, delays in grid upgrades, and overall life cycle costs. Conditional value-at-risk (CVaR) was employed as a risk assessment metric to provide investment allocation recommendations across various risk scenarios. An example analysis was conducted to allocate and evaluate the net returns of different battery types. The results demonstrated that the model identified optimal investment strategies aligned with investors’ risk preferences, enabling informed decision-making that balanced returns with operational stability. This approach enhanced the resilience and economic viability of user-side energy storage configurations. Full article

With the progress in renewable energy and smart grid technologies, electricity users are evolving into prosumers, capable of both consuming and generating electricity through distributed photovoltaic (DPV) systems. Concurrently, the liberalization of the electricity retail market has prompted retailers to design customized electricity packages based on users’ needs and preferences, aiming to enhance service quality, efficiency, and user retention. However, previous studies have not fully addressed the multidimensional characteristics and electricity consumption behaviors that influence package selection. This paper initially dissects user characteristics across three key dimensions: electricity demand preferences, price sensitivity, and risk tolerance. Therefore, leveraging utility functions and autonomous choice behavior models, we propose two innovative electricity purchase and sale combination packages: a fluctuating pricing package and a discount-based pricing package. Furthermore, we introduce the Self-Adaptive Weight and Reverse Learning Particle Swarm Optimization (SAW&RL-PSO) algorithm to address the complexities of these choices. Simulation results indicate that the methodologies presented significantly enhance user benefits and retailer revenues while also effectively managing electricity usage fluctuations and the challenges of integrating large-scale DPV systems into the electrical grid. Full article

Road congestion in Amman City has been increasing yearly, due to the increase in private car ownership and traffic volumes. This study aims to (a) evaluate the toll road’s effects on society and the economy in Amman, Jordan, through a survey questionnaire using statistical software (SPSS), (b) assess the impact of the toll road on reducing congestion and delays using micro-simulation (VISUM), (c) identify the optimal toll price for a selected road using VISUM and (d) validate the simulated models with the optimal revenue. Traffic, geometric, and cost data about the toll technique of two sections on the Airport Highway (from the Ministry of Foreign Affairs to the Madaba Interchange; and from the Madaba Interchange to the Queen Alia International Airport (QAIA) Interchange) were used for simulation purposes. The toll road (across seven different scenarios at different prices) was evaluated for optimal revenue. The survey questionnaire was made based on all scenarios, including the AM peak hour. The operation cost for the toll road was determined based on the Greater Amman Municipality (GAM). The best scenario was determined based on the value of revenue (JOD). The results indicate that higher acceptance is achieved when applying road pricing during the AM peak hour and that users prefer the charging method based on travelled distance (54.02%). Additionally, the total cost of the manual toll collection (MTC) method is 126,935 JOD. Road pricing can reduce traffic delay (or speed up traffic flow) by 4.61 min in the southbound direction and by 9.52 min in the northbound direction. The optimal toll value is 0.25 JOD (34.08%), with revenues of 1089.6 JOD for 2024 and 1122.6 JOD for 2025. Eventually, applying road pricing on the airport road is shown to be effective and economically feasible only when using the manual method. Full article

This study explores the obstacles to electric vehicle (EV) adoption in Indonesia, focusing on technological, environmental, economic, and regulatory factors. Despite government initiatives, such as the Presidential Regulation 55 of 2019, intended to encourage the adoption of EVs and mitigate air pollution, the EV market share in Indonesia remains low, at 1.47%. The main challenges include inadequate charging infrastructure, limited public revenue, and financial constraints. This research highlights the need for improved government policies, incentives for producers, and increased public awareness to encourage EV adoption. Factors influencing consumer decisions include operational costs, environmental concerns, and the availability of charging stations. Key findings suggest that electric motorcycle users have a lower understanding of technology than electric car users, with particular attention to initial costs, maintenance costs, and the accessibility of charging infrastructure. This study recommends that manufacturers and policymakers consider the different preferences of electric car and motorcycle users in their EV adoption promotion strategies. The study seeks to elucidate the determinants affecting EV adoption in Indonesia and propose potential solutions to accelerate the transition to electric mobility. Full article