2015
DOI: 10.1109/tii.2015.2431219
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A Cooperative Demand Response Scheme Using Punishment Mechanism and Application to Industrial Refrigerated Warehouses

Abstract: This paper proposes a cooperative demand response scheme for load management in smart grid. The cooperative demand response scheme is formulated as a constrained optimization problem that generates a Pareto-optimal response strategy profile for consumers. Comparing with the noncooperative response strategy (i.e., Nash equilibrium) obtained from the oneshot demand management game, the Pareto-optimal response strategy reduces the electricity costs to the consumers. We further develop an incentive-compatible trig… Show more

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Cited by 91 publications
(40 citation statements)
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References 46 publications
(74 reference statements)
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“…Renewable energy generation Stochastic optimization Handling date uncertainties of renewable energy [10][11][12] Robust optimization [14][15][16][17] Wind power forecasting Linear methods Increasing the accuracy of prediction model [19,20] Nonlinear methods [24][25][26][27] Microgrid management Ordinary decision theory Optimizing energy-scheduling strategies [28][29][30] Noncooperative games [33][34][35][36] Cooperative games [37][38][39][40] and robust optimization [9]. On the one hand, stochastic optimization provides an effective framework to optimize statistical objective functions while the uncertain numerical data are assumed to follow a proverbial probability distribution.…”
Section: Application Scenarios Solution Methods Optimization Goals LImentioning
confidence: 99%
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“…Renewable energy generation Stochastic optimization Handling date uncertainties of renewable energy [10][11][12] Robust optimization [14][15][16][17] Wind power forecasting Linear methods Increasing the accuracy of prediction model [19,20] Nonlinear methods [24][25][26][27] Microgrid management Ordinary decision theory Optimizing energy-scheduling strategies [28][29][30] Noncooperative games [33][34][35][36] Cooperative games [37][38][39][40] and robust optimization [9]. On the one hand, stochastic optimization provides an effective framework to optimize statistical objective functions while the uncertain numerical data are assumed to follow a proverbial probability distribution.…”
Section: Application Scenarios Solution Methods Optimization Goals LImentioning
confidence: 99%
“…For microgrid energy management schemes based on cooperative games, the authors proposed a cooperative demand response scheme for reducing the electricity bills of users in Ref. [37]. In Ref.…”
Section: Application Scenarios Solution Methods Optimization Goals LImentioning
confidence: 99%
“…RE UC NCG SG [3,4] √ × × × [5][6][7] × √ × × [8][9][10][11][12][13][14] × × √ × [15][16][17][18][19][20][21] × × × √…”
Section: Indexesmentioning
confidence: 99%
“…In scenario A, there is no competition among the price-taking consumers, i.e., the consumers' energy consumption cannot affect the price announced by the energy provider. In scenario B, the interactions among the price-anticipating consumers are formulated into a non-cooperative game, i.e., the consumers' energy consumption can change the price announced by the energy provider [9]. …”
Section: Problem Formulationmentioning
confidence: 99%
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