Mechanism Design for Energy Scheduling: an Introduction
Speaker
Abstract
| Moving towards sustainable energy, the production of electricity becomes more and more dependent upon the weather. Users planning energy-consuming activities have individual objectives that are not necessarily in line with the estimated production. As a society we are interested in a pricing scheme for energy with an equilibrium for energy consumption and production that optimizes the social welfare. The design of such a scheme is an example of mechanism design, a branch of game theory. |
| The main part of this talk consists of an introduction into mechanism design with a focus on the issues that play a role in the context of scheduling the use of energy, such as the dynamic setting and the sometimes computationally hard scheduling problems. Towards the end I'll also give two examples of my current work in this direction. In particular, I'll illustrate how to negotiate a deal with one out of many providers, and I'll present some first results on the problem of online scheduling in a context where future prices are unknown. |
| Mathijs M. de Weerdt is an Assistant Professor within the Algorithmics Group of the TU Delft, Faculty of Engineering, Mathematics and Computer Science (EWI), Department of Software Technology, and Scientific Staff Member with the theme group on Computational Intelligence and Multi-agent Games of the national research institute for Mathematics and Computer Science. |
| Contact information: |
| Dr. Wolf Ketter |
