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Energy companies need efficient procedures to perform market calibration of stochastic models for commodities. If the Black framework is chosen for option pricing, the bottleneck of the market calibration is the computation of the variance…

Pricing of Securities · Quantitative Finance 2021-01-14 Emanuele Fabbiani , Andrea Marziali , Giuseppe De Nicolao

This paper studies the problem of stochastic dynamic pricing and energy management policy for electric vehicle (EV) charging service providers. In the presence of renewable energy integration and energy storage system, EV charging service…

Signal Processing · Electrical Eng. & Systems 2018-01-09 Chao Luo , Yih-Fang Huang , Vijay Gupta

Future wireless networks will be characterized by heterogeneous traffic requirements. Such requirements can be low-latency or minimum-throughput. Therefore, the network has to adjust to different needs. Usually, users with low-latency…

Networking and Internet Architecture · Computer Science 2020-11-10 Emmanouil Fountoulakis , Nikolaos Pappas , Anthony Ephremides

In this paper, we address a key issue of designing architectures and algorithms which generate optimal demand response in a decentralized manner for a smart-grid consisting of several stochastic renewables and dynamic loads. By optimal…

Systems and Control · Computer Science 2021-04-27 Rahul Singh , Ke Ma , Anupam Thatte , P. R. Kumar , Le Xie

Incentivizing flexible consumption of end-users is key to maximizing the value of local exchanges within Renewable Energy Communities. If centralized coordination for flexible resources planning raises concerns regarding data privacy and…

Systems and Control · Electrical Eng. & Systems 2026-01-12 Thomas Stegen , Julien Allard , Noé Diffels , François Vallée , Mevludin Glavic , Zacharie De Grève , Bertrand Cornélusse

This paper proposes an optimal management strategy for a Renewable Energy Community defined according to the Italian legislation. The specific case study is composed by a set of houses equipped with smart appliances, that share a PV plant.…

Systems and Control · Electrical Eng. & Systems 2023-08-14 Francesco Conte , Federico Silvestro , Andrea Vinci , Anna Rita Di Fazio

A robust power scheduling algorithm is proposed to schedule power flow between the main electricity grid and a microgird with solar energy generation and battery energy storage subject to uncertainty in solar energy production. To avoid…

Systems and Control · Computer Science 2019-02-22 Amir Valibeygi , Abdulelah H. Habib , Raymond A. de Callafon

Efficient allocation of finite resources is a crucial problem in a wide variety of on-demand smart city applications. Service requests often appear randomly over time and space with varying intensity. Resource provisioning decisions need to…

Systems and Control · Electrical Eng. & Systems 2024-12-20 Muhammad Junaid Farooq , Quanyan Zhu

In this paper, we consider delay minimization for interference networks with renewable energy source, where the transmission power of a node comes from both the conventional utility power (AC power) and the renewable energy source. We…

Information Theory · Computer Science 2015-06-04 Huang Huang , Vincent K. N. Lau

Reliable operation in power systems is becoming more difficult as the penetration of random renewable resources increases. In particular, operators face the risk of not scheduling enough traditional generators in the times when renewable…

Optimization and Control · Mathematics 2013-05-28 Junjie Qin , Baosen Zhang , Ram Rajagopal

We consider the problem of designing an expected-revenue maximizing mechanism for allocating multiple non-perishable goods of $k$ varieties to flexible consumers over $T$ time steps. In our model, a random number of goods of each variety…

Computer Science and Game Theory · Computer Science 2020-07-08 Shiva Navabi , Ashutosh Nayyar

A point-to-point wireless communication system in which the transmitter is equipped with an energy harvesting device and a rechargeable battery, is studied. Both the energy and the data arrivals at the transmitter are modeled as Markov…

Machine Learning · Computer Science 2013-05-31 Pol Blasco , Deniz Gündüz , Mischa Dohler

In the Smart Grid with Renewable Energy Resources (RERs), the Residential Units (RUs) with Distributed Energy Resources (DERs) are considered to be both power consumers and suppliers. Specifically, RUs with excessive renewable generations…

Cryptography and Security · Computer Science 2018-10-26 Zhitao Guan , Jing Li , Liehuang Zhu , Zijian Zhang , Xiaojiang Du , Mohsen Guizani

To decarbonize the economy, many governments have set targets for the use of renewable energy sources. These are often formulated as relative shares of electricity demand or supply. Implementing respective constraints in energy models is a…

General Economics · Economics 2024-11-05 Martin Kittel , Wolf-Peter Schill

The co-optimization of behind-the-meter distributed energy resources is considered for prosumers under the net energy metering tariff. The distributed energy resources considered include renewable generations, flexible demands, and battery…

Systems and Control · Electrical Eng. & Systems 2024-07-11 Ahmed S. Alahmed , Lang Tong , Qing Zhao

Bringing fairness to energy resource allocation remains a challenge, due to the complexity of system structures and economic interdependencies among users and system operators' decision-making. The rise of distributed energy resources has…

Computer Science and Game Theory · Computer Science 2024-03-26 Jiayi Li , Matthew Motoki , Baosen Zhang

A renewal system divides the slotted timeline into back to back time periods called renewal frames. At the beginning of each frame, it chooses a policy from a set of options for that frame. The policy determines the duration of the frame,…

Optimization and Control · Mathematics 2021-02-02 Xiaohan Wei

In this paper, we introduce an approach for application-aware resource block scheduling of elastic and inelastic adaptive real-time traffic in fourth generation Long Term Evolution (LTE) systems. The users are assigned to resource blocks. A…

Networking and Internet Architecture · Computer Science 2014-05-30 Tugba Erpek , Ahmed Abdelhadi , T. Charles Clancy

We consider a mechanism design problem for energy procurement, when there is one buyer and one seller, and the buyer is the mechanism designer. The seller can generate energy from conventional (deterministic) and renewable (random) plants,…

Optimization and Control · Mathematics 2014-01-23 Hamidreza Tavafoghi , Demosthenis Teneketzis

Recent increase in energy prices has led researchers to find better ways for capacity provisioning in data centers to reduce energy wastage due to the variation in workload. This paper explores the opportunity for cost saving utilizing the…

Networking and Internet Architecture · Computer Science 2015-03-19 Muhammad Abdullah Adnan , Ryo Sugihara , Yan Ma , Rajesh Gupta