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Witt's firm points out in its report that United Illuminating, the other nonmunicipal utility operating in Connecticut, had a severe event level contingency in which 71 percent of its customers were assumed to go dark.
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Since in our framework, customers are assumed to be rational, they will avoid asking for more unneeded resources but they can collude with others to have the resources for less.
In that situation, market forces encourage bad behavior; at least in the absence of anti-discrimination and public accommodation laws, doing the right thing becomes expensive, and potentially fatal, to any business whose customers are assumed to be even slightly prejudiced.
Customers are assumed to be price and time sensitive.
Both the energy supplier and customers are assumed to be rational.
To take into account practical aspects, buffers of finite size for both two classes of customers are assumed in this paper.
This means that vehicle fleet and customers are assumed to be homogenous in our model.
Both energy supplier and customer are assumed to be rational.
We know that, on average, a customer is assumed to make five shopping visits a year.
A predefined percent of demand from each customer is assumed as returned products from the corresponding customer.
A predefined percent of demand from each customer is assumed as returned products, and a predefined value is determined as an average scrap fraction.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com