The proliferation of non-scheduled generation from renewable electrical energy sources such concentrated solar power (CSP) presents a need for enabling scheduled generation by incorporating energy storage; either via directly coupled Thermal Energy Storage (TES) or Electrical Storage Systems...

In the econometric analysis of labor market transitions, the data generating process is often specified as a continuous-time semi-Markovian process with a finite state space. With typically short panel data, analysts have long been concerned with the initial conditions problem -- a complication...

Group buying events, in which the unit price for a good or service declines with higher number of customer sign ups, are increasingly becoming popular for retailing goods and services, especially in emerging markets. This paper theoretically and empirically studies consumer equilibrium, pricing,...

Purpose: Medical resources scheduling affects the medical institution’s operation cost, customer satisfaction and medical service quality. Therefore, a lean arrangement of medical resources order and shipment is quite necessary and important. In this paper, we propose two optimal models for...

Purpose: The model proposed in this paper addresses a dynamic optimization model for allocating medical resources in epidemic controlling. Design/methodology/approach: In this work, a three-level and dynamic linear programming model for allocating medical resources based on epidemic diffusion...

Decentralized insurance can be used to describe risk sharing mechanisms under which participants trade risks among each other as opposed to passing risks mostly to an insurer in traditional centralized insurance. There are a wide range of decentralized practices in all kinds of forms developed...