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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
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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

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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