Scopus İndeksli Yayınlar Koleksiyonu
Permanent URI for this collectionhttps://hdl.handle.net/20.500.12573/395
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Article Citation - WoS: 3Citation - Scopus: 9Probabilistic Assessment of Wind Power Plant Energy Potential Through a Copula-Deep Learning Approach in Decision Trees(Cell Press, 2024-04) Sahin, Kubra Nur; Sutcu, MuhammedIn the face of environmental degradation and diminished energy resources, there is an urgent need for clean, affordable, and sustainable energy solutions, which highlights the importance of wind energy. In the global transition to renewable energy sources, wind power has emerged as a key player that is in line with the Paris Agreement, the Net Zero Target by 2050, and the UN 2030 Goals, especially SDG-7. It is critical to consider the variable and intermittent nature of wind to efficiently harness wind energy and evaluate its potential. Nonetheless, since wind energy is inherently variable and intermittent, a comprehensive assessment of a prospective site's wind power generation potential is required. This analysis is crucial for stakeholders and policymakers to make well-informed decisions because it helps them assess financial risks and choose the best locations for wind power plant installations. In this study, we introduce a framework based on Copula-Deep Learning within the context of decision trees. The main objective is to enhance the assessment of the wind power potential of a site by exploiting the intricate and non-linear dependencies among meteorological variables through the fusion of copulas and deep learning techniques. An empirical study was carried out using wind power plant data from Turkey. This dataset includes hourly power output measurements as well as comprehensive meteorological data for 2021. The results show that acknowledging and addressing the non-independence of variables through innovative frameworks like the Copula-LSTM based decision tree approach can significantly improve the accuracy and reliability of wind power plant potential assessment and analysis in other real-world data scenarios. The implications of this research extend beyond wind energy to inform decision-making processes critical for a sustainable energy future.Article Citation - WoS: 3Citation - Scopus: 3Disutility Entropy in Multi-Attribute Utility Analysis(Pergamon-Elsevier Science Ltd, 2022-07) Sutcu, MuhammedIn this paper, we present an alternative formulation of utility entropy called disutility entropy. Previous entropy measurements in the literature use utility density function in maximum entropy formulations. Also, in most of the cases, the sign of the cross derivative of utility functions makes it impossible to apply utility entropy for more than one attribute cases. To simplify entropy measurement and relieve some burden of this task, in this paper, we present how to use multiattribute utility functions in utility entropy formulation. We show the applicability of our proposed approach and how to apply the disutility entropy approach with given constraints to singleattribute, bi-attribute, and multiattribute utility functions. Therefore, the usefulness and feasibility of the proposed method in multiattribute utility theory field is improved. We finally discuss and interpret the application of maximum disutility entropy through several examples to illustrate the new proposed approach.Article Citation - WoS: 4Citation - Scopus: 6A Variant SDDP Approach for Periodic-Review Approximately Optimal Pricing of a Slow-Moving a Item in a Duopoly Under Price Protection With End-Of Return and Retail Fixed Markdown Policy(Pergamon-Elsevier Science Ltd, 2023-02) Yildiz, Baris; Sutcu, MuhammedIn this paper, we examine a selling environment where a manufacturer-controlled retailer and an independent retailer sell a slow-moving A item. The manufacturer offers the independent retailer a price protection contract stipulating that the manufacturer reimburses the independent retailer in case of a reduction in the wholesale price. The price set by the independent retailer is assumed to be determined by Retail Fixed Markdown (RFM) policy. The manufacturer also offers the independent retailer a special discount rate for the replenishment orders and the retailers are assumed to follow (R, S) inventory replenishment policy. The manufacturer adopts a periodic-review pricing strategy and the mean demand observed by each retailer in a given period depends on the prices. We also take the customers choosing no-purchase option into account. We employ multinomial logit (MNL) models to forecast customers' preferences based on retail prices. The retailers' market shares are esti-mated by customized choice probability functions. We propose stochastic programming models to determine the manufacturer's pricing strategy. Then, we propose a variant Stochastic Dual Dynamic Programming (SDDP) algorithm to determine the manufacturer's approximately optimal pricing strategy by getting around three curses of dimensionality. Then, we move on to the observations on the impact of four critically important contractual parameters on the price, the market shares and the expected total net profits and finally discuss some possible approaches for the selection of the best compromise values of those contractual parameters.