Academic Journal
Stochastic programming approaches for an energy-aware lot-sizing and sequencing problem with incentive.
| Τίτλος: | Stochastic programming approaches for an energy-aware lot-sizing and sequencing problem with incentive. |
|---|---|
| Συγγραφείς: | Perraudat, Antoine, Dauzère-Pérès, Stéphane, Mason, Scott Jennings |
| Πηγή: | International Journal of Production Research; Oct2022, Vol. 60 Issue 19, p5746-5768, 23p, 3 Diagrams, 11 Charts, 4 Graphs |
| Θεματικοί όροι: | Industrial management, Electric power consumption, Energy management, Stochastic programming, Electric utilities, Electricity pricing |
| Περίληψη: | Motivated by real challenges on energy management faced by industrial firms, we propose a novel way to reduce production costs by including the pricing of electricity in a multi-product lot-sizing problem. In incentive-based programs, when electric utilities face power consumption peaks, they request electricity-consuming firms to curtail their electric load, rewarding the industrial firms with incentives if they comply with the curtailment requests. Otherwise, industrial firms must pay financial penalties for an excessive electricity consumption. A two-stage stochastic formulation is presented to cover the case where a manufacturer wants to satisfy any curtailment request. A chance-constrained formulation is also proposed, and its relevance in practice is discussed. Finally, computational studies are conducted to compare mathematical models and highlight critical parameters and show potential savings when subscribing incentive-based programs. We show that the setup cost ratio, the capacity utilisation rate, the number of products and the timing of curtailment requests are critical parameters for manufacturers. [ABSTRACT FROM AUTHOR] |
| Copyright of International Journal of Production Research is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) | |
| Βάση Δεδομένων: | Complementary Index |
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| Items | – Name: Title Label: Title Group: Ti Data: Stochastic programming approaches for an energy-aware lot-sizing and sequencing problem with incentive. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Perraudat%2C+Antoine%22">Perraudat, Antoine</searchLink><br /><searchLink fieldCode="AR" term="%22Dauzère-Pérès%2C+Stéphane%22">Dauzère-Pérès, Stéphane</searchLink><br /><searchLink fieldCode="AR" term="%22Mason%2C+Scott+Jennings%22">Mason, Scott Jennings</searchLink> – Name: TitleSource Label: Source Group: Src Data: International Journal of Production Research; Oct2022, Vol. 60 Issue 19, p5746-5768, 23p, 3 Diagrams, 11 Charts, 4 Graphs – Name: Subject Label: Subject Terms Group: Su Data: <searchLink fieldCode="DE" term="%22Industrial+management%22">Industrial management</searchLink><br /><searchLink fieldCode="DE" term="%22Electric+power+consumption%22">Electric power consumption</searchLink><br /><searchLink fieldCode="DE" term="%22Energy+management%22">Energy management</searchLink><br /><searchLink fieldCode="DE" term="%22Stochastic+programming%22">Stochastic programming</searchLink><br /><searchLink fieldCode="DE" term="%22Electric+utilities%22">Electric utilities</searchLink><br /><searchLink fieldCode="DE" term="%22Electricity+pricing%22">Electricity pricing</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: Motivated by real challenges on energy management faced by industrial firms, we propose a novel way to reduce production costs by including the pricing of electricity in a multi-product lot-sizing problem. In incentive-based programs, when electric utilities face power consumption peaks, they request electricity-consuming firms to curtail their electric load, rewarding the industrial firms with incentives if they comply with the curtailment requests. Otherwise, industrial firms must pay financial penalties for an excessive electricity consumption. A two-stage stochastic formulation is presented to cover the case where a manufacturer wants to satisfy any curtailment request. A chance-constrained formulation is also proposed, and its relevance in practice is discussed. Finally, computational studies are conducted to compare mathematical models and highlight critical parameters and show potential savings when subscribing incentive-based programs. We show that the setup cost ratio, the capacity utilisation rate, the number of products and the timing of curtailment requests are critical parameters for manufacturers. [ABSTRACT FROM AUTHOR] – Name: Abstract Label: Group: Ab Data: <i>Copyright of International Journal of Production Research is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.) |
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| RecordInfo | BibRecord: BibEntity: Identifiers: – Type: doi Value: 10.1080/00207543.2021.1969048 Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 23 StartPage: 5746 Subjects: – SubjectFull: Industrial management Type: general – SubjectFull: Electric power consumption Type: general – SubjectFull: Energy management Type: general – SubjectFull: Stochastic programming Type: general – SubjectFull: Electric utilities Type: general – SubjectFull: Electricity pricing Type: general Titles: – TitleFull: Stochastic programming approaches for an energy-aware lot-sizing and sequencing problem with incentive. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Perraudat, Antoine – PersonEntity: Name: NameFull: Dauzère-Pérès, Stéphane – PersonEntity: Name: NameFull: Mason, Scott Jennings IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 10 Text: Oct2022 Type: published Y: 2022 Identifiers: – Type: issn-print Value: 00207543 Numbering: – Type: volume Value: 60 – Type: issue Value: 19 Titles: – TitleFull: International Journal of Production Research Type: main |
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