Frontiers in Operations Research for Overcoming Barriers to Vehicle Electrification

Download or read book Frontiers in Operations Research for Overcoming Barriers to Vehicle Electrification written by Mahyar Movahed Nejad and published by . This book was released on 2015 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: We proposed an offline optimal mechanism for scheduling and pricing of electric vehicle charging considering incentives of both EV owners and utility companies. In the offline setting, information about future supply and demand is known to the scheduler. By considering uncertainty about future demand, we then designed a family of online mechanisms for real-time scheduling of EV charging. A fundamental problem with significant economic implications is how to price the charging units at different times under dynamic demand. We propose novel bidding based mechanisms for online scheduling and pricing of electric vehicle charging. The proposed preemption-aware charging mechanisms consider incentives of both EV drivers and grid operators. We also prove incentive-compatibility of the mechanisms, that is, truthful reporting is a dominant strategy for self-interested EV drivers. The proposed mechanisms demonstrate the benefits of electric grid load management, revenue maximization, and quick response, key attributes when providing online charging services.