Effective design of the reward-penalty schemes to reach the highest persuasiveness in selecting investment strategies by electric distribution utilities

摘要

This paper aims to propose a new approach in designing Reward-Penalty Schemes (RPS), which so far have been used as the preferred tool in Service Quality Regulation (SQR). For the purpose of explaining the method, various types of RPS are divided into three categories. The concepts of these RPS categories, used in this paper, are inspired by intrinsic behavior of organisms as will be described in detail.