Sustainable microgrid design considering blockchain technology for real-time price-based demand response programs

Tsao, Yu‐Chung; Thanh, Vo-Van; Wu, Qiuwei

doi:10.1016/j.ijepes.2020.106418

Cited by 59 publications

(29 citation statements)

References 44 publications

(59 reference statements)

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“…Another driver is the need to transfer logistics infrastructure facilities (logistics centers, etc.) in distribution channels to the "demand response" mode [37]. An important driver of the transformation of distribution logistics management priorities is the tendency to translate classical transaction operations into the digital dimension [38].…”

Section: Discussionmentioning

confidence: 99%

Transformation of Distribution Logistics Management in the Digitalization of the Economy

Parfenov

Шамина

Niu

et al. 2021

Journal of Open Innovation: Technology, Market, and Complexity

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A problem predicted by experts with the onset of the COVID-19 pandemic is that many markets, in particular, the restaurant market, the tourism market, and the entertainment market, will face long-term stagnation in the near future due to outflow of financial resources. On the other hand, even though the standards of social interactions have changed, the basic needs of modern society for nourishing and varied food, entertainment and experiences cannot disappear as a result of a pandemic. The goal of our study consisted of gaining insights into the new hybrid practices of logistics and customer services that business needs to master in the new environment, combining offline and online activities. We have found that success in the market is achieved by organizations that regularly generate new entrepreneurial, scientific and technical ideas and consolidate their own and attracted resources to create, develop and launch new products, services and technologies on the market. Employing analytical methods, we have characterized the drivers of the transformation of distribution logistics management in the context of the digitalization of the economy, concluding that this process primarily affects the management of distribution channels. The features of transformation in the management of international distribution channels are studied. The requirements for logistics management in this functional area of management are defined.

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Section: Discussionmentioning

confidence: 99%

Transformation of Distribution Logistics Management in the Digitalization of the Economy

Parfenov

Шамина

Niu

et al. 2021

Journal of Open Innovation: Technology, Market, and Complexity

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“…The constraints related to dynamic pricing are defined in (12) to (13). The offered price (π) should be between no value (zero) and market clearing price (MCP) at time t.…”

Section: Problem Formulationmentioning

confidence: 99%

“…The buying offer π Grid+ t,e will be between zero and the system selling price (SSP) as shown in Equation (12) where π Grid− t will be between zero and the system purchase price (SBP) as shown in Equation (13).…”

Section: Problem Formulationmentioning

confidence: 99%

“…Participating in DR programs and using the advantages such as buying power from H-MGs in off-peak (cheap periods) and selling power back in peak time (expensive periods) can have a positive effect on H-MGs' energy management. Many strategies in the DR program were provided to support the consumers by maximizing the profit amounts that are earned from their participation with the generated power [12].…”

Section: Introductionmentioning

confidence: 99%

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Home-Microgrid Energy Management Strategy Considering EV’s Participation in DR

et al. 2021

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Electric vehicles (EVs) have a lot of potential to play an essential role in the smart power grid. EVs not only can reduce the amount of emission yielded from fossil fuels but also can be considered as an energy storage system (ES) and a backup system. EVs could support the demand response (DR) strategy that is considered as utmost importance to shift electricity demand in peak hours. This article aims to assess the impact of the presence of EV on DR strategy in a home-microgrid (H-MG). In order to reach the optimal set point, our energy management system (EMS) has been merged with differential evolution (DE) method. The results were auspicious and showed that the proposed method could decrease market clearing price (MCP) by 26% and increase the performance of DR by 17%.

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“…A study in Tsao et al (2021) addresses the real time-based demand response programs by leveraging blockchain technology to provide. A multi-objective mixed integer-linear programming model with three sustainable objectives (economy, environment, and society) is proposed.…”

Section: Structure and Components Of Dcngmentioning

confidence: 99%

Review of Control Strategies for DC Nano-Grid

2021

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As an emerging energy management technology, the DC nano-grid coordinates renewable energy sources output through demand-side management which would provide more options and flexibility for the dispatch of smart buildings and communities with high reliability and efficiency. In this context, this article has analyzed the structure and components of the DC nano-grid. The role and components in DC nano-grid are reviewed in this article. Then the crucial control technologies for the DC nano-grid in recent years are investigated from two aspects: local control and coordinated control, which contains control schemes such as voltage/current control technology, power-sharing technology and cooperative control technology. Different control strategies at various levels are compared and their application scenarios, advantages and disadvantages are also analyzed. The current research progress and challenges are summarized at the end of this article.

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Sustainable microgrid design considering blockchain technology for real-time price-based demand response programs

Cited by 59 publications

References 44 publications

Transformation of Distribution Logistics Management in the Digitalization of the Economy

Transformation of Distribution Logistics Management in the Digitalization of the Economy

Home-Microgrid Energy Management Strategy Considering EV’s Participation in DR

Review of Control Strategies for DC Nano-Grid

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