A Stackelberg-Cournot model to harmonize participants' interests in a smart grid
DC Field | Value | Language |
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dc.contributor.author | Seok, Hyesung | - |
dc.contributor.author | Kim, Sang-Phil | - |
dc.date.accessioned | 2024-01-03T07:00:14Z | - |
dc.date.available | 2024-01-03T07:00:14Z | - |
dc.date.issued | 2024-01 | - |
dc.identifier.issn | 0360-8352 | - |
dc.identifier.issn | 1879-0550 | - |
dc.identifier.uri | https://scholarworks.bwise.kr/hongik/handle/2020.sw.hongik/32417 | - |
dc.description.abstract | A “smart grid” refers to an advanced and modernized electrical grid system that incorporates various digital technologies, communication networks, and automation. In a smart grid, each subscriber's energy consumption is monitored and updated by their smart meter, and cost-effective energy consumption scheduling is determined by two-way communication with other participants. In general, the interests among participants are naturally conflicted, and therefore the game-theoretic approach is frequently used to solve the problem. However, most previous studies focused on the game between a service provider and subscribers or game among service providers or subscribers. In this study, we propose an extended model consisting of two sub-games: 1) the Stackelberg game between a service provider (a leader) and subscribers (followers), and 2) the Cournot game among subscribers. Our model conducts an innovative energy consumption scheduling (ECS), especially harmonizing all participants’ aspects. It draws a unique Nash Equilibrium and achieves a more balanced and cost-effective demand management in the smart grid. Compared to the non-scheduling, our model reduces the subscriber's cost and its standard deviation, on average, 20.5 % and 12.7 %, respectively. Also, the peak-to-average ratio (PAR) of energy consumption, the ratio between the highest energy consumption and the average energy consumption within a certain time frame, is decreased, on average, 24.3 %. © 2023 Elsevier Ltd | - |
dc.language | 영어 | - |
dc.language.iso | ENG | - |
dc.publisher | Elsevier Ltd | - |
dc.title | A Stackelberg-Cournot model to harmonize participants' interests in a smart grid | - |
dc.type | Article | - |
dc.publisher.location | 영국 | - |
dc.identifier.doi | 10.1016/j.cie.2023.109772 | - |
dc.identifier.scopusid | 2-s2.0-85179129780 | - |
dc.identifier.wosid | 001135380200001 | - |
dc.identifier.bibliographicCitation | Computers and Industrial Engineering, v.187 | - |
dc.citation.title | Computers and Industrial Engineering | - |
dc.citation.volume | 187 | - |
dc.type.docType | Article | - |
dc.description.isOpenAccess | N | - |
dc.description.journalRegisteredClass | scopus | - |
dc.relation.journalResearchArea | Computer Science | - |
dc.relation.journalResearchArea | Engineering | - |
dc.relation.journalWebOfScienceCategory | Computer Science, Interdisciplinary Applications | - |
dc.relation.journalWebOfScienceCategory | Engineering, Industrial | - |
dc.subject.keywordPlus | DEMAND-SIDE MANAGEMENT | - |
dc.subject.keywordPlus | ENERGY-CONSUMPTION | - |
dc.subject.keywordPlus | TECHNOLOGIES | - |
dc.subject.keywordAuthor | Cost-effectiveness | - |
dc.subject.keywordAuthor | Demand management | - |
dc.subject.keywordAuthor | Distributed decision making | - |
dc.subject.keywordAuthor | Fairness | - |
dc.subject.keywordAuthor | Nash Equilibrium | - |
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