AbstractsLaw & Legal Studies
Integrating Consumer Flexibility in Smart Grid and Mobility Systems - An Online Optimization and Online Mechanism Design Approach
| Institution: | Universität Karlsruhe |
|---|---|
| Department: | |
| Year: | 2014 |
| Keywords: | Flexibility, Online Optimization and Online Mechanism Design, Smart Grid, Car-sharing, Fleet Electrification |
| Record ID: | 1105648 |
| Full text PDF: | http://digbib.ubka.uni-karlsruhe.de/volltexte/documents/3413327 |
Abstract
Consumer flexibility may provide an important lever to align supply and demand in service systems. However, harnessing dispersed flexibility endowments in the presence of self-interested agents requires appropriate incentive structures. This thesis quantifies the potential value of consumers' flexibility in smart grid and mobility systems. In order to include incentives, online optimization approaches are augmented with methods from online mechanism design.
