Matches in SemOpenAlex for { <https://semopenalex.org/work/W2550946479> ?p ?o ?g. }
- W2550946479 endingPage "3475" @default.
- W2550946479 startingPage "3465" @default.
- W2550946479 abstract "In this paper, we study the behavior of a day-ahead (DA) retail electrical energy market with price-based demand response from air conditioning (AC) loads through a hierarchical multiagent framework, employing a machine learning approach. At the top level of the hierarchy, a retailer agent buys energy from the DA wholesale market and sells it to the consumers. The goal of the retailer agent is to maximize its profit by setting the optimal retail prices, considering the response of the price-sensitive loads. Upon receiving the retail prices, at the lower level of the hierarchy, the AC agents employ a Q-learning algorithm to optimize their consumption patterns through modifying the temperature set-points of the devices, considering both consumption costs and users' comfort preferences. Since the retailer agent does not have direct access to the AC loads' underlying dynamics and decision process (i.e., incomplete information) the data privacy of the consumers becomes a source of uncertainty in the retailer's decision model. The retailer relies on techniques from the field of machine learning to develop a reliable model of the aggregate behavior of the price-sensitive loads to reduce the uncertainty of the decision-making process. Hence, a multiagent framework based on machine learning enables us to address issues such as interoperability and decision-making under incomplete information in a system that maintains the data privacy of the consumers. We will show that using the proposed model, all the agents are able to optimize their behavior simultaneously. Simulation results show that the proposed approach leads to a reduction in overall power consumption cost as the system converges to its equilibrium. This also coincides with maximization in the retailer's profit. We will also show that the same decision architecture can be used to reduce peak load to defer/avoid distribution system upgrades under high penetration of photo-voltaic power in the distribution feeder." @default.
- W2550946479 created "2016-11-30" @default.
- W2550946479 creator A5004312705 @default.
- W2550946479 creator A5028892770 @default.
- W2550946479 creator A5072522101 @default.
- W2550946479 creator A5077651961 @default.
- W2550946479 date "2018-07-01" @default.
- W2550946479 modified "2023-10-01" @default.
- W2550946479 title "Agent-Based Modeling of Retail Electrical Energy Markets With Demand Response" @default.
- W2550946479 cites W1970859914 @default.
- W2550946479 cites W1974230590 @default.
- W2550946479 cites W1989392426 @default.
- W2550946479 cites W2005266162 @default.
- W2550946479 cites W2006291708 @default.
- W2550946479 cites W2045174200 @default.
- W2550946479 cites W2048092763 @default.
- W2550946479 cites W2057315382 @default.
- W2550946479 cites W2070794060 @default.
- W2550946479 cites W2078926545 @default.
- W2550946479 cites W2090495398 @default.
- W2550946479 cites W2099579348 @default.
- W2550946479 cites W2111051539 @default.
- W2550946479 cites W2116672760 @default.
- W2550946479 cites W2120362060 @default.
- W2550946479 cites W2122032342 @default.
- W2550946479 cites W2131512356 @default.
- W2550946479 cites W2142631521 @default.
- W2550946479 cites W2145869059 @default.
- W2550946479 cites W2148910210 @default.
- W2550946479 cites W2165299997 @default.
- W2550946479 cites W2911546748 @default.
- W2550946479 cites W4300044162 @default.
- W2550946479 doi "https://doi.org/10.1109/tsg.2016.2631453" @default.
- W2550946479 hasPublicationYear "2018" @default.
- W2550946479 type Work @default.
- W2550946479 sameAs 2550946479 @default.
- W2550946479 citedByCount "82" @default.
- W2550946479 countsByYear W25509464792017 @default.
- W2550946479 countsByYear W25509464792018 @default.
- W2550946479 countsByYear W25509464792019 @default.
- W2550946479 countsByYear W25509464792020 @default.
- W2550946479 countsByYear W25509464792021 @default.
- W2550946479 countsByYear W25509464792022 @default.
- W2550946479 countsByYear W25509464792023 @default.
- W2550946479 crossrefType "journal-article" @default.
- W2550946479 hasAuthorship W2550946479A5004312705 @default.
- W2550946479 hasAuthorship W2550946479A5028892770 @default.
- W2550946479 hasAuthorship W2550946479A5072522101 @default.
- W2550946479 hasAuthorship W2550946479A5077651961 @default.
- W2550946479 hasBestOaLocation W25509464791 @default.
- W2550946479 hasConcept C111919701 @default.
- W2550946479 hasConcept C119599485 @default.
- W2550946479 hasConcept C119857082 @default.
- W2550946479 hasConcept C127413603 @default.
- W2550946479 hasConcept C154945302 @default.
- W2550946479 hasConcept C162324750 @default.
- W2550946479 hasConcept C175444787 @default.
- W2550946479 hasConcept C181622380 @default.
- W2550946479 hasConcept C206658404 @default.
- W2550946479 hasConcept C2779438525 @default.
- W2550946479 hasConcept C41008148 @default.
- W2550946479 hasConcept C41550386 @default.
- W2550946479 hasConcept C42475967 @default.
- W2550946479 hasConcept C59594135 @default.
- W2550946479 hasConcept C87345402 @default.
- W2550946479 hasConcept C98045186 @default.
- W2550946479 hasConceptScore W2550946479C111919701 @default.
- W2550946479 hasConceptScore W2550946479C119599485 @default.
- W2550946479 hasConceptScore W2550946479C119857082 @default.
- W2550946479 hasConceptScore W2550946479C127413603 @default.
- W2550946479 hasConceptScore W2550946479C154945302 @default.
- W2550946479 hasConceptScore W2550946479C162324750 @default.
- W2550946479 hasConceptScore W2550946479C175444787 @default.
- W2550946479 hasConceptScore W2550946479C181622380 @default.
- W2550946479 hasConceptScore W2550946479C206658404 @default.
- W2550946479 hasConceptScore W2550946479C2779438525 @default.
- W2550946479 hasConceptScore W2550946479C41008148 @default.
- W2550946479 hasConceptScore W2550946479C41550386 @default.
- W2550946479 hasConceptScore W2550946479C42475967 @default.
- W2550946479 hasConceptScore W2550946479C59594135 @default.
- W2550946479 hasConceptScore W2550946479C87345402 @default.
- W2550946479 hasConceptScore W2550946479C98045186 @default.
- W2550946479 hasFunder F4320337480 @default.
- W2550946479 hasIssue "4" @default.
- W2550946479 hasLocation W25509464791 @default.
- W2550946479 hasLocation W25509464792 @default.
- W2550946479 hasOpenAccess W2550946479 @default.
- W2550946479 hasPrimaryLocation W25509464791 @default.
- W2550946479 hasRelatedWork W1977376050 @default.
- W2550946479 hasRelatedWork W2122622224 @default.
- W2550946479 hasRelatedWork W2188884950 @default.
- W2550946479 hasRelatedWork W2350409497 @default.
- W2550946479 hasRelatedWork W2366258952 @default.
- W2550946479 hasRelatedWork W2366826461 @default.
- W2550946479 hasRelatedWork W237682960 @default.
- W2550946479 hasRelatedWork W3031503990 @default.
- W2550946479 hasRelatedWork W3117748606 @default.
- W2550946479 hasRelatedWork W3133656239 @default.