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We show that, in a resource allocation problem, the ex ante aggregate utility of players with cumulative-prospect-theoretic preferences can be increased over deterministic allocations by implementing lotteries. We formulate an optimization…
In this paper we introduce a continuous time multi stage stochastic optimization for scheduling generating units, their commitment, reserve capacities and their continuous time generation profiles in the day-ahead wholesale electricity…
In this paper, we propose a model predictive control based operation strategy that allows for power exchange between interconnected microgrids. Particularly, the approach ensures that each microgrid benefits from power exchange with others.…
Hosting diverse large language model workloads in a unified resource pool through co-location is cost-effective. For example, long-running chat services generally follow diurnal traffic patterns, which inspire co-location of batch jobs to…
This paper studies a duopoly investment model with uncertainty. There are two alternative irreversible investments. The first firm to invest gets a monopoly benefit for a specified period of time. The second firm to invest gets information…
Aggregators of distributed energy resources are increasingly encouraged to participate in wholesale market bidding. However, the delivery of the power they are awarded can result in over-voltage or congestion issues within the distribution…
The problem of multi-area interchange scheduling in the presence of stochastic generation and load is considered. A new interchange scheduling technique based on a two-stage stochastic minimization of overall expected operating cost is…
Decentralized air traffic management systems offer a scalable alternative to centralized control, but often assume high levels of cooperation. In practice, such assumptions frequently break down since airspace sectors operate independently…
In modern distributed systems, efficient resource allocation is a vital aspect to maintain scalability, reduce operational costs, and ensure fast execution even across heterogeneous workloads. Predictive models for resource usage are…
In dynamic urban logistics, the stochastic emergence of time-sensitive tasks poses a significant optimality challenge for heterogeneous AAVs logistics task allocation. To address this problem, a reinforcement learning enhanced overlapping…
Mobile edge computing (MEC) networks are one of the key technologies for ultra-reliability and low-latency communications. The computing resource allocation solution needs to be carefully designed to guarantee the computing resource…
This paper studies an energy storage (ES) sharing model which is cooperatively invested by multiple buildings for harnessing on-site renewable utilization and grid price arbitrage. To maximize the economic benefits, we jointly consider the…
The increasing renewable penetration introduces significant uncertainty in power system operations. At the same time, the existing transmission grid is often already congested, and urgently needed reinforcements are frequently delayed due…
Timely resource allocation in edge-assisted vehicular networks is essential for compute-intensive services such as autonomous driving and navigation. However, vehicle mobility leads to spatio-temporal unpredictability of resource demands,…
In this paper we design an incentive mechanism for heterogeneous Delay Tolerant Networks (DTNs). The proposed mechanism tackles a core problem of such systems: how to induce coordination of DTN relays in order to achieve a target…
A new, fair relay selection scheme is proposed for a dual-hop decode-and-forward network with randomly-distributed relays. Most of the reported works in the literature achieve fairness at the expense of degrading the outage probability…
We propose a game-theoretic framework that incorporates both incomplete information and general ambiguity attitudes on factors external to all players. Our starting point is players' preferences on payoff-distribution vectors, essentially…
We develop a stochastic game-theoretic model for intraday dispatch of grid-scale battery energy storage systems (BESSs). We assume that each BESS operator competitively manages her state-of-charge to maximize energy arbitrage revenues,…
High shares of variable renewable energy necessitate substantial energy storage capacity. However, it remains unclear how to design a market that, on the one hand, ensures a stable and sufficient income for storage firms, and, on the other…
This paper proposes a two-step framework for techno-economic analysis of a demand-side flexibility service in distribution networks. Step one applies optimization-based modelling to propose a generic problem formulation which determines the…