Never again be lost in a sea of numbers when you're doing your accounting. This quick accounting study guides includes essential information of the different types of cost accounting and the classification of cost. Perfect for students just learning accounting and professional accountants needing refresher courses, this is a guide you need to have.
`Electric energy must be treated as a commodity which can be bought, sold, and traded, taking into account its time- and space-varying values and costs.` Spot Pricing of Electricity, Schweppe et al, 1988. Computational Auction Mechanisms for Restructured Power Industry Operation outlines the application of auction methods for all aspects of power system operation, primarily for a competitive environment. A complete description of the industry structure as well as the various markets now being formed is given. A thorough introduction to auction basics is included to explain how auctions have grown in other industries. Auction methods are compared to classical techniques for power system analysis, operations, and planning. The traditional applications of economic dispatch, optimal power flow and unit commitment are compared to auction mechanisms. Algorithms for auctions using linearized power flow equations, DC power flow equations, and AC power flow equations are included. The bundling of supportive services, known as ancillary services within the United States, is discussed. Extensions to the basic auction algorithms for inclusion of supportive services as well as algorithms for scheduling and bidding on generation for GENCOs or independent power producers are presented. Algorithms for scheduling and contracting with customers are also presented for energy service companies. An introduction to the various commodity and financial market products includes the use of futures and options for GENCOs. The material is useful for students performing research on the new business environment based on competition. Regulators will find information on initial methods of designing and evaluating market systems, and power exchange and financial analysts will find information on the interdependence of markets and power system-based techniques for risk management. This information compares the new business environment solutions with old business environment solutions. Computational Auction Mechanisms for Restructured Power Industry Operation provides a first introduction to how electricity will be traded as a commodity in the future.
Product proliferation has become a common phenomenon. Most companies now offer hundreds, if not thousands, of stock keeping units (SKUs) in order to compete in the market place. Companies with expanding product and service varieties face with problems of obtaining accurate demand forecasts, controlling production and inventory costs, and providing high quality and good delivery performance for the customers. Marketing managers often advocate widening product lines for increasing revenue and market share. However, the breadth of product line can also decrease the efficiency of manufacturing processes and distribution systems. Thus firms must weigh the benefits of product variety against its cost in order to determine the optimal level of product variety to offer to their customers. Academics and practitioners are interested in several fundamental questions about product variety. For instance, why do companies extend their product lines? Do consumers care about product variety? Will a brand with more variety enjoy higher market share? How should product variety be measured? How can a company exploit its product and process design to deliver a higher level of product variety quickly and cheaply? What should the level of product variety be and what should the price of each of the product variants be? What kind of 'challenges would a company face in offering a high level of product variety and how can these obstacles be overcome? The solutions to these questions span multiple functions and disciplines.
Whether you are an engineer facing decisions in product design, an instructor or student engaged in course work, or a researcher exploring new options and opportunities, you can turn to Decision Making in Engineering Design for: Foundations and fundamentals of making decisions in product design; Clear examples of effective application of Decision-Based Design; State-of-the-art theory and practice in Decision-Based Design; Thoughtful insights on validation, uncertainty, preferences, distributed design, demand modeling, and other issues; End-of-chapter exercise problems to facilitate learning. With this advanced text, you become current with research results on DBD developed since the inception of The Open Workshop on Decision-Based Design, a project funded by the National Science Foundation.
This book constitutes the refereed proceedings of the 8th International Symposium on Integrated Uncertainty in Knowledge Modelling and Decision Making, IUKM 2020, held in Phuket, Thailand, in November 2020.* The 35 full papers presented were carefully reviewed and selected from 55 submissions. The papers deal with all aspects of uncertainty modelling and management and are organized in topical sections on uncertainty management and decision support; machine learning; machine learning applications; econometric applications; and statistical methods. * The conference was held virtually due to the COVID-19 pandemic.
This book provides a global perspective on the various issues that the industry has to face as well as to provide some key global strategies that can help coping with those global challenges, such as collaboration, strategic value chain planning, and interdependency analyses. It presents literature reviews, strategic research orientations, assessment of some current key issues, and state-of-the-art methodologies.
Many organizations find supply chain management an essential prerequisite to building a sustainable competitive edge for their services or products. While interest in SCM is enormous, lack of theoretical frameworks and real world applications often characterizes research in the field, and effective management of the supply chain remains elusive. Supply Chain Sustainability and Raw Material Management: Concepts and Processes is a comprehensive and up-to-date resource for operations researchers, management scientists, industrial engineers, and other business practitioners and specialists looking for systemic and advanced discussions of supply chain management. By presenting qualitative concepts, quantitative models, and case studies, this book is a coherent guide to creating long-term and sustainable performance for organizations who want to compete in the global market.
Scheduling, planning and packing are ubiquitous problems that can be found in a wide range of real-world settings. These problems transpire in a large variety of forms, and have enormous socio-economic impact. For many years, significant work has been devoted to automating the processes of scheduling, planning and packing using different kinds of methods. However, poor scaling and the lack of flexibility of many of the conventional methods coupled with the fact that most of the real-world problems across the application areas of scheduling, planning and packing nowadays tend to be of large scale, dynamic and full of complex dependencies have made it necessary to tackle them in unconventional ways. This volume, "Natural Intelligence for Scheduling, Planning and Packing Problems", is a collection of numerous natural intelligence based approaches for solving various kinds of scheduling, planning and packing problems. It comprises 12 chapters which present many methods that draw inspiration from nature, such as evolutionary algorithms, neural-fuzzy system, particle swarm algorithms, ant colony optimisation, extremal optimisation, raindrop optimisation, and so on. Problems addressed by these chapters include freight transportation, job shop scheduling, flowshop scheduling, electrical load forecasting, vehicle routing, two-dimensional strip packing, network configuration and forest planning, among others. Along with solving these problems, the contributing authors present a lively discussion of the various aspects of the nature-inspired algorithms utilised, providing very useful and important new insights into the research areas.
