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Capacity Allocation and Pricing for Take-or-Pay Reservation Contracts

Mehdi Sharifyazdi (Institutionen för matematiska vetenskaper, matematik) ; H. Davarzani
Operations Research Proceedings 2012 (0721-5924). p. 395-400. (2014)
[Konferensbidrag, refereegranskat]

This paper uses a bi-level optimization model to formulate a specific type of capacity reservation contracts, namely take-or-pay contracts, where a buyer reserves a portion of a supplier’s capacity before demand is realized with discounted price. At first, we formulate the lower-level problem and solve a non-linear optimization model where a buyer decides on the amount of capacity to be reserved given the discounted and normal unit capacity price, demand probability distribution and maximum available capacity. Afterwards, we construct the upper-level model where there are a supplier and multiple buyers and the supplier must choose the discounted price and maximum available capacity for each of the buyers. Enforced by the behaviour of the model, we create a bi-level real-valued genetic algorithm to find good solutions for the model.



Denna post skapades 2014-10-27. Senast ändrad 2014-11-26.
CPL Pubid: 204877

 

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Institutioner (Chalmers)

Institutionen för matematiska vetenskaper, matematik (2005-2016)

Ämnesområden

Matematik
Civilrätt

Chalmers infrastruktur