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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. ...