Exact(1)
The contribution of this article is a comprehensive up-to-date discussion of the key design parameters and functioning of all three short-term markets, and their impact on the demand for and supply of flexibility.
Similar(7)
At high voltage levels under responsibility of the system operator, trading mechanisms like contracts for ancillary services and balancing markets provide opportunities for economic efficient supply of system flexibility services.
The findings add to the understanding of the ways in which the two sources of supply network flexibility (vendor and sourcing) interact in practice and provide evidence of the ways in which companies can strike balances between these sources, as well as the effects that can be achieved and some of the trade-offs involved.
The notion of supply chain flexibility attempts to characterize the ability of a supply chain to perform satisfactorily in the face of uncertainty.
One example of such an extension is the contemporary concept of supply chain flexibility (SCF).
We found that the multi-agent system increases the level of flexibility in the supply chain and enables supply chain members to become more responsive.
This chapter discusses three dimensions of flexibility for supply chain design: volume flexibility, mix flexibility, and new product flexibility.
We develop a novel measure of the prosumers' willingness to co-create flexibility, and solicit their preferences for power supply contracts with varying levels of flexibility to derive implied discomfort costs.
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