Key research themes
1. How can accurate forecasting and flexible supply chain design reduce the costs of demand unpredictability?
This research theme addresses the challenge of meeting demand in industries with volatile or uncertain demand patterns, emphasizing the integration of forecasting accuracy with supply chain flexibility and planning to minimize costs from stockouts and markdowns.
2. What optimization strategies can improve demand contract management to balance cost and capacity risks under uncertain peak demands?
This theme investigates mathematical and operational approaches to optimize contracted demand levels in contexts such as electric utilities, focusing on minimizing economic losses from mismatches between contracted and actual peak usage, including complexities introduced by intermittent renewable generation.
3. How do demand side management (DSM) and advanced pricing mechanisms influence energy consumption and contribute to peak demand reduction?
This research domain focuses on strategies for managing end-user demand through economic and behavioral interventions such as individualized pricing, real-time pricing, and demand response programs, aiming to optimize electricity consumption profiles and integrate renewable energies while mitigating rebound effects and grid stresses.