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Modern smart grid systems exploit a two-way interaction paradigm between the utility and the electricity user and promote the role of prosumer, as a new user type, able to generate and sell energy, or consume energy. Within such a setting, the prosumers and their interactions with the microgrid system become of high significance for its efficient operation. In this article, to model the corresponding interactions, we introduce a labor economics-based framework by exploiting the principles of contract theory, that jointly achieves the satisfaction of the various interacting system entities, i.e., the microgrid operator (MGO) and the prosumers. The MGO offers personalized rewards to the sellers and buyers, to incentivize them to sell and purchase energy, respectively. To provide a stable and efficient operation point, while aiming at jointly satisfying the profit and requirements of the involved competing parties, optimal personalized contracts, i.e., rewards and amount of sold/purchased energy, are determined, by formulating and solving contract-theoretic optimization problems between the MGO and the sellers or buyers. The analysis is provided for both cases of complete and incomplete information availability regarding the prosumers’ types. Detailed numerical results are presented to demonstrate the operation characteristics of the proposed framework under diverse scenarios.
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Contract-Theoretic Resource Control in Wireless Powered Communication Public Safety Systems
Recent technological advances in the use of Unmanned Aerial Vehicles (UAVs) and Wireless Powered Communications (WPC) have enabled the energy efficient operation of the Public Safety Networks (PSN) during disaster scenarios. In this paper, an energy efficient information flow and energy harvesting framework capturing users' risk-aware characteristics is introduced based on the principles of Contract Theory. To better support the operational effectiveness of the proposed framework, users are clustered in rescue groups following a socio-physical-aware group formation mechanism, while rescue leaders for each group are selected. A reinforcement learning approach is applied to enable the optimal matching between the UAVs and the rescue leaders in a distributed and efficient manner. The proposed contract-theoretic framework models the UAVs-victims relation based on a labor market setting via offering rewards to the users (incentives) in order to compensate them for their invested labor (reporting information). Detailed numerical results demonstrate the benefits and superiority of the proposed framework under different settings.
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- Award ID(s):
- 1849739
- PAR ID:
- 10228433
- Date Published:
- Journal Name:
- 2020 IEEE Global Communications Conference
- Page Range / eLocation ID:
- 1 to 6
- Format(s):
- Medium: X
- Sponsoring Org:
- National Science Foundation
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- Free Publicly Accessible Full Text
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Accepted Manuscript1.0
- Conference Paper:
- https://doi.org/10.1109/GLOBECOM42002.2020.9348200
