Optimal Power Allocation Under Communication Network Externalities

@article{Kallitsis2012OptimalPA,
  title={Optimal Power Allocation Under Communication Network Externalities},
  author={Michael G. Kallitsis and George Michailidis and Michael Devetsikiotis},
  journal={IEEE Transactions on Smart Grid},
  year={2012},
  volume={3},
  pages={162-173}
}
Efficient resource allocation is an important problem that aims for a “greener” and more environmentally friendly electric power grid. The smart behavior of the newly emerged grid, combined with two-way communication between users and the operator allows for actions like measurement, monitoring, prediction, and control signaling so as to maximize social welfare. We introduce a framework for optimal resource allocation in smart grids that also considers the uncertainty in message signaling. This… CONTINUE READING

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