We consider a firm that procures and distributes a commodity from spot and forward markets under randomly fluctuating prices; the commodity is distributed downstream to a set of nonhomogeneous retailers to satisfy random demand. We formulate a model that allows one to compute approximate, but...

Estimating and managing electricity distribution losses are the core business competencies of DSOs (distribution system operators). Since electricity demand is a major driver of network losses, it is essential for DSOs to have an accurate estimate of the electricity infeed in their network. In...

This paper addresses the problem of managing flexible production capacity in a make-to-order (MTO) manufacturing environment. We present a multi-period capacity management model where we distinguish between process flexibility (the ability to produce multiple products on multiple production...