Abstract
This book focuses on the design of efficient & dynamic methods to allocate divisible resources under various auction mechanisms, discussing their applications in power & microgrid systems and the V2G & EV charging coordination problems in smart grids. It describes the design of dynamic methods for single-sided and double-sided auction games and presents a number of simulation cases verifying the performances of the proposed algorithms in terms of efficiency, convergence and computational complexity. Further, it explores the performances of certain auction mechanisms in a hierarchical structure and with large-scale agents, as well as the auction mechanisms for the efficient allocation of multi-type resources. Lastly, it generalizes the main and demonstrates their application in smart grids. This book is a valuable resource for researchers, engineers, and graduate students in the fields of optimization, game theory, auction mechanisms and smart grids interested in designing dynamic auction mechanisms to implement optimal allocation of divisible resources, especially electricity and other types of energy in smart grids.
Original language | English |
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Title of host publication | Efficient Auction Games: Theories, Algorithms and Applications in Smart Grids & Electric Vehicle Charging |
Publisher | Springer Singapore |
Pages | 1-254 |
Number of pages | 254 |
ISBN (Electronic) | 9789811526398 |
ISBN (Print) | 9789811526381 |
DOIs | |
Publication status | Published - 1 Jan 2020 |
Keywords
- Auction games
- Auction mechanism
- Computational complexity
- Divisible resource allocation
- Dynamic implementation of ne
- EV charging coordination
- Electric vehicles (EV)
- Incentive compatibility
- Large-scale systems
- Market clearing price auction
- Microgrid systems
- Multitype resources
- Nash equilibrium (NE)
- Progressive second price auction mechanism
- Smart grids
- Vehicle to grid (VG)