In this study, we focus on the market clearing problem of Turkish day-ahead electricity market. We propose a mathematical model by extending the variety of bid types for different price regions. The commercial solvers may ...

In this study, a renewal-reward process with a discrete interference of chance is constructed and considered. Under weak conditions, the ergodicity of the process X(t) is proved and exact formulas for the ergodic distribution ...

In estimation problems in renewal function, when the distribution is not known, nonparametric estimators of renewal function are used. Frees (1986a, Warranty analysis and renewal function estimation, Naval Res. Logist. ...

In this study, a semi - Markovian inventory model of type (s, S) is considered and the model is expressed by a modification of a renewal - reward process (X(t)) with an asymmetric triangular distributed interference of ...

We study simultaneous transportation procurement auctions from a truckload carrier's perspective. We formulate a stochastic bid price optimization model aimed at maximizing the carrier's expected profit. The model accounts ...

A key enabler for the smart grid is the fine-grained monitoring of power utilization. Although such a mechanism is helpful in the optimization of the whole electricity generation, distribution, and consumption cycle, it ...

A Wireless Sensor Network (WSN) is composed of tiny autonomous sensors with limited battery power. WSNs are employed to observe specific fields of interest. In this paper, we study the energy efficient and reliable network ...

We consider a flow shop type manufacturing cell consisting of m machines and a material handling robot producing multiple parts. The robot transfers the parts between the machines and loads/unloads the machines. We consider ...

We study the delivery of mobile medical services and in particular, the optimization of the joint stop location selection and routing of the mobile vehicles over a repetitive schedule consisting of multiple days. Considering ...

Bidders in day-ahead electricity markets want to sell/buy electricity when their bids generate positive surplus and not to take an action when the reverse holds. However, non-convexities in these markets cause conflicts ...