Search results for "Direct control"
showing 2 items of 2 documents
Teletraffic Engineering for Direct Load Control in Smart Grids
2018
International audience; The traditional paradigm for power grid operation is to continuously adapt energy production to demand. This paradigm is challenged by the increasing penetration of renewable sources, that are more variable and less predictable. An alternative approach is the direct load control of some inherently flexible electric loads to shape the demand. Direct control of deferrable loads presents analogies with flow admission control in telecommunication networks: a request for network resources (bandwidth or energy) can be delayed on the basis of the current network status in order to guarantee some performance metrics. In this paper we go beyond such an analogy, showing that u…
The choice of master international franchising – A modified transaction cost model
2022
Abstract This study develops and tests a novel transaction cost model of master international franchising. Based on data from international franchise firms headquartered in six countries, we show that master international franchising is the franchisor’s preferred governance mode under the following conditions: large bilateral franchisor’s and franchisees’ transaction-specific investments, high institutional uncertainty and high behavioral uncertainty. Our model extends the literature by presenting a modified transaction cost model of master international franchising that investigates the bonding effect of bilateral transaction-specific investments and environmental uncertainty as determinan…