Abstract
The general corporate model used for GENCOs and for ESCOs is shown in Figure 5.1. The concepts of engineering microeconomics is to model the corporation as a mathematical model of input and output for a generic system. The input is always income from sales of products or services along with the raw material used to make the products. The output is the products consumed by the customers. The assets to be managed in this process include the manufacturing equipment, the maintenance equipment, labor, financial contracts, client contracts, and administrative expenses such as sales and management. This is a rather restrictive model but sufficient for the purposes of this work.
It will only take a few weeks to code the simulator…Allocation, subject to reality, is not the ’fun’ part.
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© 1999 Springer Science+Business Media New York
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Sheblé, G.B. (1999). General Operations Planning. In: Computational Auction Mechanisms for Restructured Power Industry Operation. The Springer International Series in Engineering and Computer Science. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-5157-7_5
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DOI: https://doi.org/10.1007/978-1-4615-5157-7_5
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