Real-time pricing leading to optimal operation under distributed decision makings

Kenji Hirata, João P. Hespanha, Kenko Uchida

    研究成果: Conference contribution

    19 被引用数 (Scopus)


    This paper investigates the optimal regulation problem with the steady-state constraints under distributed decision makings, where each agent is allowed to determine its own optimal set-point according to an individual profit. On the other hand, the utility, which corresponds to an individual public commission, tries to realize a socially optimal solution that fulfills steady-state constraints. In order to align the individual decision making of each agent with the socially optimal solution, the utility is allowed to provide additional price, which corresponds to tax or subsidy for the agent. This paper proposes a real-time pricing strategy of the utility. The proposed pricing strategy is heuristic, but we show that the resulting closed-loop system is stable, if the step size parameter in the real-time pricing strategy is sufficiently small, and realizes tracking to the socially optimal solution.

    ホスト出版物のタイトルProceedings of the American Control Conference
    出版社Institute of Electrical and Electronics Engineers Inc.
    出版ステータスPublished - 2014
    イベント2014 American Control Conference, ACC 2014 - Portland, OR
    継続期間: 2014 6月 42014 6月 6


    Other2014 American Control Conference, ACC 2014
    CityPortland, OR

    ASJC Scopus subject areas

    • 電子工学および電気工学


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