Pricing and Inventory Control Strategy for a Periodic-Review Energy Buy-Back System 材料.docx

J?Syst?Sci?Complex?(2016)?29:?1018–1033Pricing?and?Inventory?Control?Strategy?for?aPeriodic-Review?Energy?Buy-Back?System?ZHANG?Jihong?·?CHEN?Hongqiao?·?DING?Xiaosong?·?LI?XianDOI:?10.1007/s11424-016-4101-0Received:?23?April?2014?/?Revised:?20?March?2015c?The?Editorial?O?ce?of?JSSC??Springer-Verlag?Berlin?Heidelberg?2016AbstractAlong?with?the?rapid?development?of?economics?and?enhancement?of?industrialization,?thepower?demand?keeps?rising?and?frequently?creates?mismatch?between?demand?and?supply?in?electricity.This?provides?miscellaneous?energy?buy-back?programs?with?great?opportunities.?Such?programs,?whenactivated,?o?er?certain?amount?of??nancial?compensations?to?participants?for?reducing?their?energyconsumption?during?peak?time.?They?aim?at?encouraging?participants?to?shift?their?electricity?usagefrom?peak?to?non-peak?time,?and?thereby?release?the?demand?pressure?during?peak?time.?This?paperconsiders?a?periodic-review?joint?pricing?and?inventory?decision?model?under?an?energy?buy-back?pro-gram?over??nite?planning?horizons,?in?which?the?compensation?levels,?setup?cost?and?additive?randomdemand?function?are?incorporated.?The?objective?is?to?maximize?a?manufacturer’s?expected?total?pro?t.By?using?Veinott’s?conditions,?it?is?shown?that?the?manufacturer’s?optimal?decision?is?a?state?dependent(s,?S,?P?)?policy?under?a?peak?market?condition,?or?partly?an?(s,?S,?A,?P?)?policy?under?the?normal?marketcondition.KeywordsAdditive?demand?function,?energy?buy-back?program,?joint?pricing?and?inventory?control,Veinott’s?conditions.ZHANG?JihongInternational?Business?School,?Beijing?Foreign?Studies?University,?Beijing?100089,?China.CHEN?HongqiaoInstitute?of?Applied?Mathematics,?Academy?of?Mathematics?and?Systems?Science,?Chinese?Academy?of?Sciences,Beijing?100190,?China.DING?Xiaosong?(Corresponding?author)International?Business?School,?Beijing?Foreign?Studies?University,?Beijing?100089,?China;?DECIDE?ResearchGroup,?Department?of?Computer?and?Systems?Sciences,?Stockholm?University,?