The Effect of Price-Dependent Demand on the Sustainable Electrical Energy Supply Chain
In order to identify the optimal structure of an electricity power network under the main assumption of a price dependent demand of electrical energy, we presented an optimization model that aims at analyzing the effect of price-dependent demand on the sustainable electrical supply chain system (SES...
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| Format: | Article |
| Language: | English |
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MDPI AG
2018-06-01
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| Series: | Energies |
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| Online Access: | http://www.mdpi.com/1996-1073/11/7/1645 |
| _version_ | 1811297619183403008 |
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| author | Ivan Darma Wangsa Tao Ming Yang Hui Ming Wee |
| author_facet | Ivan Darma Wangsa Tao Ming Yang Hui Ming Wee |
| author_sort | Ivan Darma Wangsa |
| collection | DOAJ |
| description | In order to identify the optimal structure of an electricity power network under the main assumption of a price dependent demand of electrical energy, we presented an optimization model that aims at analyzing the effect of price-dependent demand on the sustainable electrical supply chain system (SESCS). The system included a power generation system, transmission and distribution substations, and many customers. The electrical energy was generated and transmitted through multiple substations to our customers, and the demand for electricity by the customers is dependent on the price of electricity. In the study, we considered the transmission and the distribution costs which depend on the capacities of power generation, transmission rates and distances between stations. We utilized the inventory theory to develop our model and proposed a procedure to derive an optimal solution for this problem. Finally, numerical examples and sensitivity analysis are provided to illustrate our study and consolidate managerial insights. |
| first_indexed | 2024-04-13T06:07:03Z |
| format | Article |
| id | doaj.art-6e28c1a771e34f9583479619e4906734 |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-04-13T06:07:03Z |
| publishDate | 2018-06-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-6e28c1a771e34f9583479619e49067342022-12-22T02:59:12ZengMDPI AGEnergies1996-10732018-06-01117164510.3390/en11071645en11071645The Effect of Price-Dependent Demand on the Sustainable Electrical Energy Supply ChainIvan Darma Wangsa0Tao Ming Yang1Hui Ming Wee2Department of Industrial and Systems Engineering, Chung Yuan Christian University, Taoyuan 32023, TaiwanDepartment of Industrial and Systems Engineering, Chung Yuan Christian University, Taoyuan 32023, TaiwanDepartment of Industrial and Systems Engineering, Chung Yuan Christian University, Taoyuan 32023, TaiwanIn order to identify the optimal structure of an electricity power network under the main assumption of a price dependent demand of electrical energy, we presented an optimization model that aims at analyzing the effect of price-dependent demand on the sustainable electrical supply chain system (SESCS). The system included a power generation system, transmission and distribution substations, and many customers. The electrical energy was generated and transmitted through multiple substations to our customers, and the demand for electricity by the customers is dependent on the price of electricity. In the study, we considered the transmission and the distribution costs which depend on the capacities of power generation, transmission rates and distances between stations. We utilized the inventory theory to develop our model and proposed a procedure to derive an optimal solution for this problem. Finally, numerical examples and sensitivity analysis are provided to illustrate our study and consolidate managerial insights.http://www.mdpi.com/1996-1073/11/7/1645sustainable electrical energy supply chaininventory theorytransmission and distribution costsprice-dependent demand |
| spellingShingle | Ivan Darma Wangsa Tao Ming Yang Hui Ming Wee The Effect of Price-Dependent Demand on the Sustainable Electrical Energy Supply Chain Energies sustainable electrical energy supply chain inventory theory transmission and distribution costs price-dependent demand |
| title | The Effect of Price-Dependent Demand on the Sustainable Electrical Energy Supply Chain |
| title_full | The Effect of Price-Dependent Demand on the Sustainable Electrical Energy Supply Chain |
| title_fullStr | The Effect of Price-Dependent Demand on the Sustainable Electrical Energy Supply Chain |
| title_full_unstemmed | The Effect of Price-Dependent Demand on the Sustainable Electrical Energy Supply Chain |
| title_short | The Effect of Price-Dependent Demand on the Sustainable Electrical Energy Supply Chain |
| title_sort | effect of price dependent demand on the sustainable electrical energy supply chain |
| topic | sustainable electrical energy supply chain inventory theory transmission and distribution costs price-dependent demand |
| url | http://www.mdpi.com/1996-1073/11/7/1645 |
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