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We propose a bidding method for the participation of combined heat and power (CHP) units in the day-ahead electricity market. More specifically, we consider a district heating system where heat can be produced by CHP units or heat-only…

最优化与控制 · 数学 2022-03-17 Ignacio Blanco , Anders N. Andersen , Daniela Guericke , Henrik Madsen

In this paper a unifying energy-based approach is provided to the modeling and stability analysis of power systems coupled with market dynamics. We consider a standard model of the power network with a third-order model for the synchronous…

最优化与控制 · 数学 2016-07-28 Tjerk Stegink , Claudio De Persis , Arjan van der Schaft

Ride-hailing marketplaces like Uber and Lyft use dynamic pricing, often called surge, to balance the supply of available drivers with the demand for rides. We study driver-side payment mechanisms for such marketplaces, presenting the…

计算机科学与博弈论 · 计算机科学 2021-03-09 Nikhil Garg , Hamid Nazerzadeh

We study an online dynamic pricing problem where the potential demand at each time period $t=1,2,\ldots, T$ is stochastic and dependent on the price. However, a perishable inventory is imposed at the beginning of each time $t$, censoring…

机器学习 · 统计学 2026-01-26 Jianyu Xu , Yining Wang , Xi Chen , Yu-Xiang Wang

In this paper we investigate a dynamic pricing model for constant demand elasticity where customers have a probability distribution on the number of items they order. This is a generalization from standard models which restrict customers to…

最优化与控制 · 数学 2018-03-01 Nyles Breecher , Richard Stockbridge

This paper proposes a market mechanism for multi-interval electricity markets with generator and storage participants. Drawing ideas from supply function bidding, we introduce a novel bid structure for storage participation that allows…

最优化与控制 · 数学 2021-10-18 Rajni Kant Bansal , Pengcheng You , Dennice F. Gayme , Enrique Mallada

We propose a linear cutting-plane pricing algorithm tailored for large-scale electricity markets, addressing nonconvexities arising from the Alternating Current Optimal Power Flow equations. We benchmark our algorithm against a Direct…

最优化与控制 · 数学 2025-04-15 Matías Romero , Felipe Verástegui , Matías Villagra

Price-based demand response (DR) of heating, ventilating, and air-conditioning (HVAC) systems is a challenging task, requiring comprehensive models to represent the building thermal dynamics and game theoretic interactions among…

系统与控制 · 电气工程与系统科学 2020-12-15 Youngjin Kim

We study the pricing problem faced by a firm that sells a large number of products, described via a wide range of features, to customers that arrive over time. Customers independently make purchasing decisions according to a general choice…

机器学习 · 统计学 2018-01-03 Adel Javanmard , Hamid Nazerzadeh

Model predictive control is a powerful tool to generate complex motions for robots. However, it often requires solving non-convex problems online to produce rich behaviors, which is computationally expensive and not always practical in real…

机器人学 · 计算机科学 2022-09-21 Avadesh Meduri , Huaijiang Zhu , Armand Jordana , Ludovic Righetti

We study an online contextual dynamic pricing problem, where customers decide whether to purchase a product based on its features and price. We introduce a novel approach to modeling a customer's expected demand by incorporating…

机器学习 · 计算机科学 2023-12-27 Jianyu Xu , Yu-Xiang Wang

We propose a new method for controlling linear dynamical systems under adversarial disturbances and cost functions. Our algorithm achieves a running time that scales polylogarithmically with the inverse of the stability margin, improving…

系统与控制 · 电气工程与系统科学 2025-04-08 Anand Brahmbhatt , Gon Buzaglo , Sofiia Druchyna , Elad Hazan

This paper studies the procurement and pricing of inertial response using a frequency-constrained unit commitment formulation, which co-optimizes the provision of energy and inertia services while accounting for their complementary…

In this paper we propose a quadratic programming model that can be used for calculating the term structure of electricity prices while explicitly modeling startup costs of power plants. In contrast to other approaches presented in the…

证券定价 · 定量金融 2014-12-11 Miha Troha , Raphael Hauser

Dynamic pricing of goods in a competitive environment to maximize revenue is a natural objective and has been a subject of research over the years. In this paper, we focus on a class of markets exhibiting the substitutes property with…

机器学习 · 计算机科学 2017-09-18 Paresh Nakhe

Traffic congestion is a serious problem in urban areas. Dynamic congestion pricing is one of the useful schemes to eliminate traffic congestion in strategic scale. However, in the reality, an optimal dynamic congestion pricing is very…

系统与控制 · 电气工程与系统科学 2022-06-27 Kimihiro Sato , Toru Seo , Takashi Fuse

This paper proposes a fully distributed Demand-Side Management system for Smart Grid infrastructures, especially tailored to reduce the peak demand of residential users. In particular, we use a dynamic pricing strategy, where energy tariffs…

计算机科学与博弈论 · 计算机科学 2014-05-09 Antimo Barbato , Antonio Capone , Lin Chen , Fabio Martignon , Stefano Paris

Accurate prediction of electricity prices plays an essential role in the electricity market. To reflect the uncertainty of electricity prices, price intervals are predicted. This paper proposes a novel prediction interval construction…

机器学习 · 计算机科学 2025-01-15 Xin Lu

Maintaining the stability of renewable-dominant power systems requires the procurement of virtual inertia services from non-synchronous resources (e.g., batteries, wind turbines) in addition to inertia traditionally provided by synchronous…

系统与控制 · 电气工程与系统科学 2022-04-12 Zhirui Liang , Robert Mieth , Yury Dvorkin

In the evolving landscape of digital commerce, adaptive dynamic pricing strategies are essential for gaining a competitive edge. This paper introduces novel {\em doubly nonparametric random utility models} that eschew traditional parametric…

统计方法学 · 统计学 2024-06-11 Elynn Chen , Xi Chen , Lan Gao , Jiayu Li