Exact and Heuristic Methods for Energy Pricing Problem
Résumé
The dynamics between a peak-minimizing and revenue-maximizing energy provider and its disutility-minimizing customers are analyzed in a bilevel setting in this paper. Customers' demand is delivered to a smart grid which acts as the follower and the provider decides on the prices as the leader. Different models that are based on the types of appliances that customers own are presented and solved by exact and heuristic methods that are developed.
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