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Evaluating IT Services Price Benchmarks under Uncertainty

Robert J. Kauffman, Ryan Sougstad
2010 2010 43rd Hawaii International Conference on System Sciences  
We find that IT services price transparency is valuable where there is uncertainty about the price drift of IT services.  ...  We provide managerial recommendations based on our model for IT service price benchmarks.  ...  First, we present a model of benchmark valuation and optimal timing under IT service price uncertainty.  ... 
doi:10.1109/hicss.2010.189 dblp:conf/hicss/KauffmanS10 fatcat:bxdny2am5vbxxhrttiwnl7fdpe

Benchmarking Flexible Electric Loads Scheduling Algorithms under Market Price Uncertainty [article]

Koos van der Linden, Natalia Romero, Mathijs M. de Weerdt
2020 arXiv   pre-print
The benchmarking tool is used to test seven planning algorithms measuring their performance under uncertain market conditions.  ...  It includes a simulation environment that captures the evolution of look--ahead information, which enables comparing online planning and scheduling algorithms.  ...  Acknowledgments The work presented in this paper is funded by the Netherlands Organization for Scientific Research (NWO), as part of the Uncertainty Reduction in Smart Energy Systems program (URSES)  ... 
arXiv:2002.01246v1 fatcat:istma7t4xjhbne4id3pc4ev524

Benchmarking Flexible Electric Loads Scheduling Algorithms

Koos van der Linden, Natalia Romero, Mathijs M. de Weerdt
2021 Energies  
The benchmarking framework can be used for different objectives and under diverse conditions faced by electricity production stakeholders interested in flexibility scheduling algorithms.  ...  This paper includes two case studies measuring the performances of these algorithms under uncertain market conditions.  ...  All authors discussed the ideas for the benchmarking method under uncertainty and the results, and approved the publication.  ... 
doi:10.3390/en14051269 fatcat:zo3wlx2dqbg3boonl3qhduk5gi

Optimal price-based control of heterogeneous thermostatically controlled loads under uncertainty using LSTM networks and genetic algorithms

Taha Abdelhalim Nakabi, Pekka Toivanen
2019 F1000Research  
In this paper, we consider the problem of thermostatically controlled load (TCL) control through dynamic electricity prices, under partial observability of the environment and uncertainty of the control  ...  We use the aggregated information to predict the response of the TCL cluster to a pricing policy.  ...  (b) Hourly revenues and profits under optimized prices and benchmark prices. (c) Hourly total electricity consumption under optimized prices and benchmark prices.  ... 
doi:10.12688/f1000research.20421.1 fatcat:q67xsko5xrc3hfqiczqgwne2gi

Reference models and incentive regulation of electricity distribution networks: An evaluation of Sweden's Network Performance Assessment Model (NPAM)

Tooraj Jamasb, Michael Pollitt
2008 Energy Policy  
R Re ef fe er re en nc ce e M Mo od de el ls s a an nd d I In nc ce en nt ti iv ve e R Re eg gu ul la at ti io on n o of f E El le ec ct tr ri ic ci it ty y D Di is st tr ri ib bu ut ti io on n N Ne et  ...  A number of countries have used incentive regulation models based on efficiency benchmarking of the electricity network utilities.  ...  Stability of the regulatory framework and consultations reduces uncertainty. Uncertainty may also be reduced through selecting appropriate length of price control reviews.  ... 
doi:10.1016/j.enpol.2008.01.034 fatcat:ktx3khmccnayvgjyq2eyhjmyyq

Price discrimination in service industries

Anja Lambrecht, Katja Seim, Naufel Vilcassim, Amar Cheema, Yuxin Chen, Gregory S. Crawford, Kartik Hosanagar, Raghuram Iyengar, Oded Koenigsberg, Robin Lee, Eugenio J. Miravete, Ozge Sahin
2012 Marketing letters  
Across industries, firms now offer access to virtually identical services under different pricing structures.  ...  Third, we suggest further exploring consumer learning under complex pricing structures. Fourth, we find it increasingly necessary to explore optimal nonlinear price schedule in a competitive setting.  ...  The benchmark (heterogeneity) approach Framework Research analyzing price discrimination in service industries is typically based on a common set of benchmark assumptions.  ... 
doi:10.1007/s11002-012-9187-0 fatcat:dav4v5qpsngbrpo7nixhh7ox74

EFFECTIVENESS OF THE MANAGEMENT OF PRICE RISK METHODOLOGIES FOR THE CORN MARKET BASED ON TRADING SIGNALS

W. Rossouw, J. Young
2013 Risk Governance and Control: Financial Markets & Institutions  
Corn production is scattered geographically over various continents, but most of it is grown in the United States.  ...  The benchmark price for the purposes of this study was the average price offered by the market over the contract lifetime, and as such, the efficient market hypothesis was successfully contested.  ...  At that moment, the market is deemed too high since it is running out of buyers and is therefore about to fall under its own weight.  ... 
doi:10.22495/rgcv3i1art1 fatcat:xljsdh6rljbehnb6ehrpvvknuy

Costs, revenue, service attributes and competition in shipping

Kevin Cullinane, Theo Notteboom, Ricardo Sanchez, Gordon Wilmsmeier
2012 Maritime Economics & Logistics  
Most poignantly, however, by applying such a model under diverse scenarios of service mix, transport corridor and cost structure, the cross-price elasticity of demand in the presence of carbon pricing  ...  The performance of the slot allocation model is evaluated on the basis of simulation results for a series of scenarios under different demand assumptions.  ... 
doi:10.1057/mel.2012.7 fatcat:2r7bspxojjdwdp7w6g7icg5jzu

RISKS TO THE RETURNS TO MEDICAL INNOVATION: THE CASE OF MYRIAD GENETICS

Jeffrey Clemens, Stan Veuger
2016 Contemporary economic policy  
Subsequently, the Center for Medicare and Medicaid Services (CMS) re-evaluated the reimbursements it pays for the services at issue in the Supreme Court's ruling.  ...  Myriad's exposure to the realization of these events reflected the concentration of its revenue streams among the affected services.  ...  Following the Supreme Court's decision, the Center for Medicare and Medicaid Services (CMS) re-evaluated its reimbursements for the affected services.  ... 
doi:10.1111/coep.12189 fatcat:pkchwmdxqzc6tc6nnz2a2kboji

An Agent Trading on Behalf of V2G Drivers in a Day-ahead Price Market

Ibrahem A. Almansour, Enrico H. Gerding, Gary Wills
2017 Proceedings of the 3rd International Conference on Vehicle Technology and Intelligent Transport Systems  
We developed an agent to trade on behalf of V2G users to maximize their profits in a day-ahead price market.  ...  Consumers nowadays can produce power and consume a portion of it locally, and then could offer the rest of the power to the grid.  ...  Moreover, to evaluate the performance of our solution, we compared it with that achieved by using a benchmark strategy algorithm.  ... 
doi:10.5220/0006156201350141 dblp:conf/vehits/AlmansourGW17 fatcat:swzeva6hybg5xckrm2ba2vlshy

Optimal Operation and Bidding Strategy of a Virtual Power Plant Integrated with Energy Storage Systems and Elasticity Demand Response

Wen-Jun Tang, Hong-Tzer Yang
2019 IEEE Access  
The proposed method is evaluated using an illustrative system and the practical Taiwan power (Taipower) system with diverse uncertainty levels.  ...  The potential uncertainties caused by renewable energy sources and the demand response are considered in a robust optimization model.  ...  The reason is that the uncertainty consideration is not the sole difference between proposed method and Benchmark 1, but it is the key difference laying between proposed method and Benchmark 2.  ... 
doi:10.1109/access.2019.2922700 fatcat:taa4tfpmgjhcla7zydlfczftou

Intervention mechanism of healthcare service goods based on social welfare maximization in China

Hao Li, Jinlin Li, Jingrong Zhu, Raymond Akawire Aborigo
2019 PLoS ONE  
The intervention mechanism is helpful to facilitate the adoption of the healthcare service goods.  ...  In this paper, we aim to establish a mathematical model to design a maximizing social welfare intervention mechanism of healthcare service goods in China.  ...  First, given the fuzziness and uncertainty of evaluation indicators in Table 1 , we establish a variable fuzzy set model to get the willingness price, which can help customers buy a healthcare service  ... 
doi:10.1371/journal.pone.0214655 pmid:30925169 pmcid:PMC6440633 fatcat:bpn4yjlfpjhe3ksvdk45utd5km

The Pricing Performance of Market Advisory Services in Corn and Soybeans Over 1995-2003

Scott H. Irwin, Darrel L. Good, João G. Martines-Filho, Lewis A. Hagedorn
2005 Social Science Research Network  
The results discussed in the previous paragraph suggest there is some uncertainty about specification of the most appropriate market benchmark for corn and soybean performance evaluations.  ...  Under rationality, it is still possible for the variation of farmer benchmark prices to be smaller than for market benchmarks if farmers employ market-timing strategies that successfully reduce price variation  ...  , unfilled circle = 20-month market benchmark, and solid square = USDA average price received farmer benchmark.  ... 
doi:10.2139/ssrn.695224 fatcat:qzc5ayykjvbtbmdwxrz2ykbqwy

1998 Pricing Performance of Market Advisory Services for Corn and Soybeans

Darrel L. Good, Scott H. Irwin, Thomas E. Jackson, Mark A. Jirik
2000 Social Science Research Network  
In addition, the net advisory prices presented in this report may differ substantially from those computed by an advisory service or another subscriber due to differences in simulation assumptions, particularly  ...  with respect to the geographic location of production, cash and forward contract prices, expected and actual yields, storage charges and government programs.  ...  The results discussed in the previous paragraph suggest there is some uncertainty about specification of the most appropriate market benchmark for corn and soybean performance evaluations.  ... 
doi:10.2139/ssrn.244501 fatcat:uwedaoz6kjfllpoxxemaeogayq

Interval Optimization to Schedule a Multi-Energy System with Data-Driven PV Uncertainty Representation

Mahtab Kaffash, Glenn Ceusters, Geert Deconinck
2021 Energies  
Starting from a day-ahead PV point forecast, a non-parametric probabilistic forecast method is proposed to build the predicted interval and represent the uncertainty of PV generation.  ...  Moreover, the results of interval optimization show that the uncertainty of the PV system not only has an influence on the electrical part of the MES, but also causes a shift in the behavior of the thermal  ...  (a) State of energy for the EES under 30% uncertainty; (b) State of energy for the TES under 30% uncertainty.  ... 
doi:10.3390/en14102739 fatcat:ghop2d5bdbbqvowtilv5j4yqki
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