Long-Term Service Agreement in Power Systems

被引：0

作者：

Kouvelis P. ^{[1
]}

Matsuo H. ^{[2
]}

Xiao Y. ^{[3
]}

Yuan Q. ^{[4
]}

机构：

[1] Olin Business School, Washington University, St. Louis

[2] Institute for International Strategy, Tokyo International University

[3] Carson College of Business, Washington State University

[4] School of Management, Zhejiang University

来源：

Foundations and Trends in Technology, Information and Operations Management | 2023年 / 16卷 / 3-4期

关键词：

Production control;

D O I：

10.1561/0200000106-7

中图分类号：

学科分类号：

摘要：

We study a long-term service agreement (LTSA) in a power system between an Original Equipment Manufacturer (OEM) of a conventional power generator and a utility firm. The OEM offers the LTSA to the utility firm which specifies the service fee and the maintenance interval. The utility firm dynamically chooses among different resources (conventional, renewable, or emergency) to meet energy demand. Different from traditional supply chain contracts, an LTSA contracts on a generator's long-term production schedule (i.e., usage time and the number of starts). We characterize that the conventional generator's optimal operating mode (i.e., on or off) follows a two-threshold policy, which shows a hysteresis phenomenon, and capture the OEM's tradeoff between the service margin and the usage of the conventional generator in the LTSA design. © 2023 P. Kouvelis et al.

引用

页码：288 / 303

页数：15

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