Inter-utilities power-exchange coordination: a market-oriented approach

GeoComputation: A Coordination-Oriented Approach

Introduction During the past several years the research under the banner of “GeoComputation” has been developed in an open and diverse manner, with a wide range of techniques and application domains been addressed from various perspectives. While plurality and inclusiveness have been regarded as the strength of GeoComputation (Gahegan 2000), however, the diversity of expertise (which is usually...

Generation planning for electric power utilities under market uncertainties: a real options approach

The generation business in the U.S. is currently undergoing a transition from a regulated monopoly toward an uncertain, competitive market. Under the competitive market, the price of electric power as well as the corresponding revenue may be much less certain than before. These market uncertainties have increased the significance of two critical factors in generation planning. These factors are...

Compute Power Market: Towards a Market-Oriented Grid

The Compute Power Market (CPM) is a market-based resource management and job scheduling system for grid computing on Internet-wide computational resources, particularly low-end personal computing devices. It transforms the metacomputing environment into a computational market wherein one can solve problems by renting computational power, storage, and special services from idle resources (comput...

A Market Approach to Multirobot Coordination

The coordination of a large group of robots to solve a specified task is a difficult problem. Centralized approaches can be computationally intractable, brittle, and unresponsive to change. Distributed approaches are not as prone to these problems, but they can be highly sub-optimal. This work introduces a novel economic approach for coordinating robots based on the free market system. The free...

Coordination of Reactive Power Scheduling in a Multi-area Power System Operated by Independent Utilities