Computer-Assisted Interactive Learning for Teaching Transmission Pricing Methodologies

Georgilakis, Pavlos S.; Orfanos, G. A.; Hatziargyriou, Nikos D.

doi:10.1109/tpwrs.2013.2295197

Cited by 23 publications

(12 citation statements)

References 32 publications

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“…Laboratory education on power systems is usually performed with simulation software [7] or less frequently with dedicated hardware setups [15,16,20,22]. On the other hand, laboratory education on power electronics and electric machines is typically performed with hands-on exercises using physical models or real hardware, as the focus is on the component level.…”

Section: Real-time Simulation For Laboratory Educationmentioning

confidence: 99%

Education and Training Needs, Methods, and Tools

Kotsampopoulos

Jensen

Babazadeh

et al. 2020

European Guide to Power System Testing

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Section: Real-time Simulation For Laboratory Educationmentioning

confidence: 99%

Education and Training Needs, Methods, and Tools

Kotsampopoulos

Jensen

Babazadeh

et al. 2020

European Guide to Power System Testing

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“…Here, the perception of the service for the end-users is remarkably different if the price is increased (reduced). In practice, endusers are satisfied with the service if both quality and price paid are considered as acceptable [26].…”

Section: End-usermentioning

confidence: 99%

Tax optimization in an agent-based model of real-time spectrum secondary market

et al. 2016

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The wireless communication industry is an essential sector boosting economic progress worldwide. The structure of the legacy wireless communication market, characterised by static licensing schemes, is moving towards real-time secondary spectrum markets. While the technological body of spectrum trading has been discussed in detail, from an economic perspectives there are still a lot of gaps in understanding how these transactions affect the economy of future communication standards. A challenging aspect of the real-time spectrum market deployment is the implementation of the appropriate tax system that impacts the market structure. With regards to this, we aim to build an agentbased model of the real-time secondary spectrum market in which various taxes including value-added tax, corporate tax, consumption tax and fixed tax, are employed. The relations between selected tax type rates and the hypothetical revenue of the national regulator is established using Laffer curves. The results of the analysis confirm the existence of a tax distortion, i.e. a system deviation from the efficient system functioning affected by the tax introduction. To mea-B Peter Drotár sure the complexity of the tax strategies and the emergent tax distortion, an original approach based on Euclidean metrics defined over a vector space of the system performance indicators was proposed. This approach was later applied in parallel with the traditional Harberger's triangle methodology. We found that the constrained optimisation with the tax distortion restrictions provide satisfactory results regarding the stability of the tax distortion measure. Therefore, we propose the application of the most effective corporate tax optimisation complemented by selected additional tax types.

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“…A number of exercises, involving a range of tools and approaches, that facilitate the teaching of pricing have been described in the business education literature in efforts to bridge the chasm between theory and practice in the classroom. In the field of engineering, Georgilakis, Orfanos, and Hatziargyriou (2014) propose an interactive learning approach using specially designed computer simulation software to teach transmission pricing techniques in utilities pricing that enables students to grasp the complexities and interrelationships surrounding power system economics. In managerial accounting, Tippett and Wright (2006) outline a hands-on approach the teaching of optimal transfer pricing, using small groups to collaboratively work through numerical examples under the supervision of the instructor.…”

Section: The Need For Experiential Learningmentioning

confidence: 99%

Operation Valuation

Mills

Treen

2016

Journal of Marketing Education

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Although marketing education has seen a dramatic shift toward hands-on, experiential learning in recent years, the teaching of pricing has fallen behind complementary elements of the marketing mix in pedagogical execution. Although the teaching of pricing has shifted focus from economic-based models to value-based pricing in theory, available pedagogical tools for teaching value-based pricing are scarce. This article proposes and outlines an experiential class assignment that engages students in a real-world, applied, market exchange environment. While avoiding the inherent risks of using actual money for transactions, this assignment enables students to explore the consumer motivations and perceptions of value central to value-based pricing.

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Computer-Assisted Interactive Learning for Teaching Transmission Pricing Methodologies

Cited by 23 publications

References 32 publications

Education and Training Needs, Methods, and Tools

Education and Training Needs, Methods, and Tools

Tax optimization in an agent-based model of real-time spectrum secondary market

Operation Valuation

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