Geraldine Ybañez’s Post

GERALDINE R. YBAÑEZ BSBA MM Article 1: "Identifying generalizable equilibrium pricing strategies for charging service providers in coupled power and transportation networks." This article explores different equilibrium pricing strategies for charging service providers in power and transportation networks. Pricing strategies play a crucial role in business as they measure the effectiveness and challenges of setting prices in the market. Transportation networks, including utility, pipeline, river, roadway, train, and pedestrian walkway networks, drive the economy by moving people and goods to different cities and countries. Stability of pricing strategies in charging service providers should be ethical and based on the charges agreement of both parties to maximise costs.   Government regulation and control are commonly applied to transportation networks, with the growth of distributed generation, storage, electric vehicles, and demand-side responses impacting the management and planning of transportation systems. The most popular pricing techniques in the service industry include cost-plus pricing, competitive pricing, value-based pricing, penetration pricing, and price skimming.   In transportation, two types of pricing strategies are used: penetration and skimming. Penetration pricing involves a relatively low initial price followed by a decreasing price over time, while skimming calls for a relatively high initial price and a greater decrease over time. Equilibrium in pricing strategies in transportation networks requires collaboration between experts and other groups to ensure supply and demand balance.   Transportation faces challenges such as increasing oil costs and carbon emissions, making electric vehicles (EVs) popular due to their independence from oil. However, there are operational issues to address, such as high infrastructure costs, shortages of charging stations, and battery usage. To maximise equilibrium, in-depth research is needed before setting prices for EVs. EVs also present challenges for the electrical system, such as potential power outages and unstable voltage, which could lead to system overload and eventual failure. Further grid infrastructure investment is required to mitigate these risks. Yujian Ye, Hongru Wang, Tianxiang Cui, Xiaoying Yang, Shaofu Yang, Min-Ling Zhang, Identifying generalizable equilibrium pricing strategies for charging service providers in coupled power and transportation networks, Advances in Applied Energy, Volume 12, 2023, 100151, ISSN 2666-7924, https://lnkd.in/dZ5YZY94.

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