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• W1972523164 abstract "A smart grid is a modernized electrical grid that uses information about the behaviors of suppliers and consumers in an automated fashion to improve the efficiency, reliability, economics, and sustainability of the production and distribution of electricity. In the operation of a smart grid, demand side management (DSM) plays an important role in allowing customers to make informed decisions regarding their energy consumption. In addition, it helps energy providers reduce peak load demand and reshapes the load profile. In this paper, we propose a new DSM scheduling scheme that makes use of the day-ahead pricing strategy. Based on the Rubinstein–Stahl bargaining model, our pricing strategy allows consumers to make informed decisions regarding their power consumption, while reducing the peak-to-average ratio. With a simulation study, it is demonstrated that the proposed scheme can increase the sustainability of a smart grid and reduce overall operational costs." @default.
• W1972523164 created "2016-06-24" @default.
• W1972523164 creator A5051057011 @default.
• W1972523164 creator A5051719686 @default.
• W1972523164 date "2015-02-01" @default.
• W1972523164 modified "2023-09-25" @default.
• W1972523164 title "Bargaining-Based Smart Grid Pricing Model for Demand Side Management Scheduling" @default.
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• W1972523164 doi "https://doi.org/10.4218/etrij.15.0114.0007" @default.
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