Review for "A systematical analysis on the dynamic pricing strategies and optimization methods for energy trading in smart grids"

Energy ◽  
2017 ◽  
Vol 126 ◽  
pp. 132-143 ◽  
Author(s):  
Dipti Srinivasan ◽  
Sanjana Rajgarhia ◽  
Bharat Menon Radhakrishnan ◽  
Anurag Sharma ◽  
H.P. Khincha

Algorithms ◽  
2018 ◽  
Vol 11 (11) ◽  
pp. 186
Author(s):  
Tao Li ◽  
Yan Chen ◽  
Taoying Li

The problem of pricing distribution services is challenging due to the loss in value of product during its distribution process. Four logistics service pricing strategies are constructed in this study, including fixed pricing model, fixed pricing model with time constraints, dynamic pricing model, and dynamic pricing model with time constraints in combination with factors, such as the distribution time, customer satisfaction, optimal pricing, etc. By analyzing the relationship between optimal pricing and key parameters (such as the value of the decay index, the satisfaction of consumers, dispatch time, and the storage cost of the commodity), it is found that the larger the value of the attenuation coefficient, the easier the perishable goods become spoilage, which leads to lower distribution prices and impacts consumer satisfaction. Moreover, the analysis of the average profit of the logistics service providers in these four pricing models shows that the average profit in the dynamic pricing model with time constraints is better. Finally, a numerical experiment is given to support the findings.


Sign in / Sign up

Export Citation Format

Share Document