Hostname: page-component-5c6d5d7d68-wtssw Total loading time: 0 Render date: 2024-08-08T10:51:19.388Z Has data issue: false hasContentIssue false
  • English
  • Français

Priority Ordering in Interruptible Electric Power Service with Irreversible Early Notification

Published online by Cambridge University Press:  27 July 2009

Todd Strauss  and
Shmuel Oren
Todd Strauss
Affiliation:
School of Organization and Management, Yale University, New Haven, Connecticut 06520
Shmuel Oren
Affiliation:
Department of Industrial Engineering and Operations Research, University of California, Berkeley, California 94720
Get access Rights & Permissions [Opens in a new window]

Abstract

A multi-period model of interruptible electric power service that includes early notification may be described as a stochastic control problem: whom to notify when. When customer interruption losses are multiplicative or submodular, an optimal priority ordering exists, allowing for a simple notification policy.

Type
Research Article
Information
Probability in the Engineering and Informational Sciences , Volume 8 , Issue 2 , April 1994 , pp. 287 - 290
Copyright
Copyright © Cambridge University Press 1994

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

1.Strauss, T. & Oren, S. (1993). Priority pricing of interruptible electric service with an early notification option. The Energy Journal 14(2): 175–196.CrossRefGoogle Scholar
2.Wilson, R. (1993). Nonlinear pricing. New York: Oxford University Press.CrossRefGoogle Scholar