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Bid Cost Minimization versus Payment Cost Minimization in the ISO/RTO Markets
2007 IEEE Power Engineering Society General Meeting, 2007Summary form only given. In deregulated electricity markets, an auction mechanism is used to select supply bids for energy and ancillary services. Currently, most independent system operators in the US use an auction mechanism that minimizes total supply bid costs.
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Cost-Minimization of Amino Acid Usage
Journal of Molecular Evolution, 2003The negative correlation between the frequencies of usage of amino acids and their biosynthetic cost suggests that organisms minimize costs of protein biosynthesis. Empirical results support that: (1) free-living organisms (Archaea, Bacteria, and Eucaryota) minimize the usage of heavy amino acids more than intracellular organisms (viruses, chloroplasts,
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Reliability allocation through cost minimization
IEEE Transactions on Reliability, 2003This paper considers the allocation of reliability and redundancy to parallel-series systems, while minimizing the cost of the system. It is proven that under usual conditions satisfied by cost functions, a necessary condition for optimal reliability allocation of parallel-series systems is that the reliability of the redundant components of a given ...
Elegbede, A.O.Charles +3 more
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Concave cost minimization on networks
European Journal of Operational Research, 1979Abstract The paper deals with the problem of finding a minimum cost multicommodity flow on an uncapacitated network with concave link costs. Problems of this type are the optimal design of a network in the presence of scale economies and the telpack problem.
GALLO, GIORGIO ANGELO, C. Sodini
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PAYLOAD COST MINIMIZATION USING SEAT
INCOSE International Symposium, 1994AbstractThis paper discusses the application of a methodology to arrive at a minimum cost solution to a given set of systems requirements for any electro‐optical (E‐O) payload. The Systems Engineering Analysis Tool (SEAT) is a powerful tool for the parametric analysis and cost‐effective design of E‐0 payloads.
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Cost minimization and profit maximization
2021The production possibilities have been explored in the previous chapter.
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COST MINIMIZATION DURING SECOND SOURCING
Naval Engineers Journal, 1988ABSTRACTThis study attempts to develop strategies to minimize the negative cost impacts associated with selecting and awarding second source contracts. A number of factors are presented that may impact costs when second sources are used. Eight methods for determining sizes of prime and second source competitive award splits are reviewed.
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Efficiency in Deregulated Electricity Markets: Offer Cost Minimization vs. Payment Cost Minimization Auction [PDF]
This study of the wholesale electricity market compares the efficiency performance of the auction mechanism currently in place in U.S. markets with the performance of a proposed mechanism. The analysis highlights the importance of considering strategic behavior when comparing different institutional systems.
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This authoritative and comprehensive reference work provides a thorough account of the classical approach to economics. It contains almost two hundred informative short entries in an easily accessible dictionary format on all the significant areas of this school of thought.
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