Open Access
Power Load Management as a Computational Market
Fredrik Ygge,Hans Akkermans +1 more
- Vol. 97, Iss: 05, pp 393-400
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TLDR
In this article, the authors present a decentralized approach to power load management by modeling direct load management as a computational market and demonstrate that their approach is very efficient with a superlinear rate of convergence to equilibrium and an excellent scalability.Abstract:
Power load management enables energy utilities to reduce peak loads and thereby save money. Due to the large number of different loads, power load management is a complicated optimization problem. We present a new decentralized approach to this problem by modeling direct load management as a computational market. Our simulation results demonstrate that our approach is very efficient with a superlinear rate of convergence to equilibrium and an excellent scalability, requiring few iterations even when the number of agents is in the order of one thousand. Aframework for analysis of this and similar problems is given which shows how nonlinear optimization and numerical mathematics can be exploited to characterize, compare, and tailor problem-solving strategies in market-oriented programming.read more
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References
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Practical Methods of Optimization
TL;DR: The aim of this book is to provide a Discussion of Constrained Optimization and its Applications to Linear Programming and Other Optimization Problems.
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The knowledge level
TL;DR: A theory of the nature of knowledge is proposed, namely, that there is another computer system level immediately above the symbol (or program) level and knowledge itself is the processing medium at this level and the principle of rationality plays a central role.
Journal ArticleDOI
The knowledge level
TL;DR: In this article, a theory of the nature of knowledge and representation is proposed, namely that there is another computer system level immediately above the symbol (or program) level, and the principle of rationality plays a central role.
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