Long-run optimal pricing in electricity markets with non-convex costs.
Conleigh ByersGabriela HugPublished in: Eur. J. Oper. Res. (2023)
Keyphrases
- long run
- optimal pricing
- electricity markets
- expected cost
- inventory level
- optimal policy
- short run
- average cost
- infinite horizon
- software agents
- single item
- setup cost
- pricing model
- fixed cost
- queueing networks
- dynamic pricing
- holding cost
- state space
- customer demand
- lost sales
- single product
- markov decision processes
- planning horizon
- finite horizon
- control policy
- periodic review
- reinforcement learning
- decision problems
- pricing strategies
- dynamic programming
- special case