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Simulation of expected value method in project risk management in two different construction projects
(Indian Institute of Management Ahmedabad, 2016-03)
In this paper, we discuss the application of the expected value method of risk management. In the expected value method, there are two possible state of activity - as planned and risky. In a risky state, an activity will ...
Electricity consumption scheduling with energy storage, home-based renewable energy production and a customized dynamic pricing scheme
(Indian Institute of Management Ahmedabad, 2016)
In this paper we propose a scheduling model for electrical appliances in a dynamic pricing environment. Initially we have given a vector of price points for the next twenty four hours. We have developed an optimization ...
Optimization of customized pricing with multiple overlapping competing bids
(Indian Institute of Management Ahmedabad, 2016)
In this paper, we consider the case of project procurement where there is a single buyer and multiple sellers who are bidding. We consider one seller having one or more competitors. We formulate the pricing problem from ...
An expanded database structure for a class of multiperiod, stochastic mathematical programming models for process industries
(IIM Ahmedabad, 2013-12-05)
We introduce a multiple scenario, multiple period, optimization-based decision support system (DSS) for strategic planning in a process industry. The DSS is based on a two stage stochastic linear program (SLP) with recourse ...
A dynamic pricing approach on electricity prices in Indian context
(IIM Ahmedabad, 2013-12-07)
In this paper, we study the mechanism of dynamic pricing of electricity and its opportunities in the Indian context. We compare the economic efficiency of dynamic pricing vis-à-vis the traditional flat tariff of electricity. ...
Study of retail electricity consumers’ response and perception regarding electricity consumption
(Indian Institute of Management Ahmedabad, 2018)
The price of retail electricity is restricted by regulations and have not increased at a same pace with the ever-growing demand of electricity. However, there exists a considerable amount of consumer surplus that can be ...