A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Optimal pricing of public utility service when consumers and producers are spatially diffuse
Abstract The demand for public utility services varies temporally as well as spatially. The analysis of the problem of meeting these spatial and temporal variations in system load with optimum plant capacity within the framework of a price determination structure is the objective of this paper. By relying on a mathematical programming model with the objective of maximizing social welfare, the general principles of optimal pricing are derived. No simple cost-based solution proves possible. Price is not set equal to marginal operating cost. Rather the price changes according to the cost and demand conditions.
Optimal pricing of public utility service when consumers and producers are spatially diffuse
Abstract The demand for public utility services varies temporally as well as spatially. The analysis of the problem of meeting these spatial and temporal variations in system load with optimum plant capacity within the framework of a price determination structure is the objective of this paper. By relying on a mathematical programming model with the objective of maximizing social welfare, the general principles of optimal pricing are derived. No simple cost-based solution proves possible. Price is not set equal to marginal operating cost. Rather the price changes according to the cost and demand conditions.
Optimal pricing of public utility service when consumers and producers are spatially diffuse
Uri, Noel D. (author)
1977
Article (Journal)
English
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