A profit maximization model for a power producer in a pool-based energy market with cost recovery mechanism

2011 ◽  
Author(s):  
Costas Baslis ◽  
Pandelis Biskas ◽  
Anastasios Bakirtzis
Keyword(s):  
Profit Maximization ◽  
Cost Recovery ◽  
Energy Market ◽  
Recovery Mechanism

scholarly journals Research on European capacity cost recovery mechanism and its experience to China’s power market construction

2021 ◽  
Vol 769 (4) ◽  
pp. 042106
Author(s):  
Yuhui Xing ◽  
Maolin Zhang ◽  
Xiangrui Liu ◽  
Qinggui Chen ◽  
Chunfeng Mu ◽  
...  
Keyword(s):  
Power Market ◽  
Cost Recovery ◽  
Recovery Mechanism ◽  
Capacity Cost ◽  
Market Construction

scholarly journals Profit maximization algorithms for utility companies in an oligopolistic energy market with dynamic prices and intelligent users

AIMS Energy ◽  
2016 ◽  
Vol 4 (1) ◽  
pp. 119-135
Author(s):  
Tiansong Cui ◽  
◽  
Yanzhi Wang ◽  
Shahin Nazarian ◽  
Massoud Pedram
Keyword(s):  
Profit Maximization ◽  
Energy Market ◽  
Utility Companies ◽  
Maximization Algorithms

A Linear Programming Model for Product Mix Profit Maximization in A Small Medium Enterprise Company

2020 ◽  
Vol 6 (1) ◽  
Author(s):  
S Mohd Baki ◽  
Jack Kie Cheng
Keyword(s):  
Linear Programming ◽  
Production Planning ◽  
Business Performance ◽  
Programming Model ◽  
Profit Maximization ◽  
Optimal Level ◽  
Linear Programming Model ◽  
Product Mix ◽  
Small Medium Enterprises ◽  
Medium Enterprises

Production planning is often challenging for small medium enterprises (SMEs) company. Most of the SMEs are having difficulty in determining the optimal level of the production output which can affect their business performance. Product mix optimization is one of the main key for production planning. Many company have used linear programming model in determining the optimal combination of various products that need to be produced in order to maximize profit. Thus, this study aims for profit maximization of a SME company in Malaysia by using linear programming model. The purposes of this study are to identify the current process in the production line and to formulate a linear programming model that would suggest a viable product mix to ensure optimum profitability for the company. ABC Sdn Bhd is selected as a case study company for product mix profit maximization study. Some conclusive observations have been drawn and recommendations have been suggested. This study will provide the company and other companies, particularly in Malaysia, an exposure of linear programming method in making decisions to determine the maximum profit for different product mix.

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