Risk-Averse Two-Stage Stochastic Program with Distributional Ambiguity

2018 ◽  
Vol 66 (5) ◽  
pp. 1390-1405 ◽  
Author(s):  
Ruiwei Jiang ◽  
Yongpei Guan
Keyword(s):  
Stochastic Program ◽  
Risk Averse ◽  
Two Stage

Risk-Averse Energy Trading in Multienergy Microgrids: A Two-Stage Stochastic Game Approach

2017 ◽  
Vol 13 (5) ◽  
pp. 2620-2630 ◽  
Author(s):  
Chaojie Li ◽  
Yan Xu ◽  
Xinghuo Yu ◽  
Caspar Ryan ◽  
Tingwen Huang
Keyword(s):  
Stochastic Game ◽  
Risk Averse ◽  
Two Stage ◽  
Energy Trading

scholarly journals Risk-Averse Suppliers’ Optimal Pricing Strategies in a Two-Stage Supply Chain

2013 ◽  
Vol 2013 ◽  
pp. 1-11 ◽  
Author(s):  
Rui Shen ◽  
Zhiqing Meng ◽  
Xinsheng Xu ◽  
Min Jiang
Keyword(s):  
Supply Chain ◽  
Loss Function ◽  
Wholesale Price ◽  
Competitive Environment ◽  
Optimal Pricing ◽  
Risk Averse ◽  
Pricing Strategies ◽  
Two Stage ◽  
Future Loss

Risk-averse suppliers’ optimal pricing strategies in two-stage supply chains under competitive environment are discussed. The suppliers in this paper focus more on losses as compared to profits, and they care their long-term relationship with their customers. We introduce for the suppliers a loss function, which covers both current loss and future loss. The optimal wholesale price is solved under situations of risk neutral, risk averse, and a combination of minimizing loss and controlling risk, respectively. Besides, some properties of and relations among these optimal wholesale prices are given as well. A numerical example is given to illustrate the performance of the proposed method.

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