An extended mean field game for storage in smart grids
From MaRDI portal
Publication:2302762
DOI10.1007/S10957-019-01619-3zbMATH Open1433.49060arXiv1710.08991OpenAlexW3000523922WikidataQ126314850 ScholiaQ126314850MaRDI QIDQ2302762FDOQ2302762
Authors: Clémence Alasseur, Imen Ben Taher, Anis Matoussi 
Publication date: 26 February 2020
Published in: Journal of Optimization Theory and Applications (Search for Journal in Brave)
Abstract: We consider a stylized model for a power network with distributed local power generation and storage. This system is modeled as network connection a large number of nodes, where each node is characterized by a local electricity consumption, has a local electricity production (e.g. photovoltaic panels), and manages a local storage device. Depending on its instantaneous consumption and production rates as well as its storage management decision, each node may either buy or sell electricity, impacting the electricity spot price. The objective at each node is to minimize energy and storage costs by optimally controlling the storage device. In a non-cooperative game setting, we are led to the analysis of a non-zero sum stochastic game with players where the interaction takes place through the spot price mechanism. For an infinite number of agents, our model corresponds to an Extended Mean-Field Game (EMFG). In a linear quadratic setting, we obtain and explicit solution to the EMFG, we show that it provides an approximate Nash-equilibrium for -player game, and we compare this solution to the optimal strategy of a central planner.
Full work available at URL: https://arxiv.org/abs/1710.08991
Recommendations
- Mean-field games and dynamic demand management in power grids
- Extended Mckean-Vlasov optimal stochastic control applied to smart grid management,
- An integral control formulation of mean field game based large scale coordination of loads in smart grids
- A Random-Supply Mean Field Game Price Model
- Price dynamics for electricity in smart grid via mean-field-type games
distributed generationmean field gamesNash equilibriumstochastic controlsmart gridoptimal storageextended mean field gamestochastic renewable generation
Differential games and control (49N70) Differential games (aspects of game theory) (91A23) Linear-quadratic optimal control problems (49N10) Variational principles of physics (49S05) (n)-person games, (n>2) (91A06) Stochastic games, stochastic differential games (91A15) Optimal stochastic control (93E20)
Cites Work
- Mean field games
- Large population stochastic dynamic games: closed-loop McKean-Vlasov systems and the Nash certainty equivalence principle
- Probabilistic analysis of mean-field games
- Control of McKean-Vlasov dynamics versus mean field games
- Large-Population Cost-Coupled LQG Problems With Nonuniform Agents: Individual-Mass Behavior and Decentralized $\varepsilon$-Nash Equilibria
- Mean field games and mean field type control theory
- Mean field games. I: The stationary case
- Mean field games. II: Finite horizon and optimal control
- Forward-backward stochastic differential equations and controlled McKean-Vlasov dynamics
- Mean field games with common noise
- Linear forward-backward stochastic differential equations
- On the interpretation of the master equation
- Linear quadratic mean field type control and mean field games with common noise, with application to production of an exhaustible resource
- Linear-quadratic-Gaussian mixed mean-field games with heterogeneous input constraints
- Mean field games of timing and models for bank runs
- Mean field game of controls and an application to trade crowding
Cited In (43)
- Mean field models to regulate carbon emissions in electricity production
- A Mean Field Game Approach to Equilibrium Pricing with Market Clearing Condition
- An integral control formulation of mean field game based large scale coordination of loads in smart grids
- Extended mean field control problem: a propagation of chaos result
- Title not available (Why is that?)
- Theoretical and practical foundations of large-scale agent-based micro-storage in the smart grid
- Entropic model predictive optimal transport over dynamical systems
- Price dynamics for electricity in smart grid via mean-field-type games
- Dynamic pricing of new products in competitive markets: a mean-field game approach
- Distributed optimization algorithms for game of power generation in smart grid
- Linear-quadratic mean field games of controls with non-monotone data
- A level-set approach to the control of state-constrained McKean-Vlasov equations: application to renewable energy storage and portfolio selection
- A Random-Supply Mean Field Game Price Model
- Schauder estimates for a class of potential mean field games of controls
- A price model with finitely many agents
- Extended Mckean-Vlasov optimal stochastic control applied to smart grid management,
- Machine learning architectures for price formation models
- On classical solutions to the mean field game system of controls
- Energy transition under scenario uncertainty: a mean-field game of stopping with common noise
- Linear-quadratic extended mean field games with common noises
- Equilibrium price formation with a major player and its mean field limit
- RBDSDEs with jumps and optional Barrier and mean field game with common noise
- Price formation and optimal trading in intraday electricity markets
- A mean field game price model with noise
- Nash equilibrium seeking in quadratic noncooperative games under two delayed information-sharing schemes
- Laplace principle for large population games with control interaction
- A Mckean-Vlasov approach to distributed electricity generation development
- Mean field games on prosumers
- Stochastic Games for the Smart Grid Energy Management With Prospect Prosumers
- Probabilistic Approach to Mean Field Games and Mean Field Type Control Problems with Multiple Populations
- A mean-field game approach to price formation
- Linear-quadratic zero-sum mean-field type games: optimality conditions and policy optimization
- The entry and exit game in the electricity markets: a mean-field game approach
- A mean field game model for renewable investment under long-term uncertainty and risk aversion
- Equilibrium pricing of securities in the co-presence of cooperative and non-cooperative populations
- Multi-resolution large population stochastic differential games and their application to demand response management in the smart grid
- Mean-field games and dynamic demand management in power grids
- Determining state space anomalies in mean field games
- Discrete-time mean field games with risk-averse agents
- Large population games with interactions through controls and common noise: convergence results and equivalence between open-loop and closed-loop controls
- A Lagrangian Approach for Aggregative Mean Field Games of Controls with Mixed and Final Constraints
- Strong Convergence to the Mean Field Limit of a Finite Agent Equilibrium
- Numerical analysis of an extended mean field game for harvesting common fishery resource
This page was built for publication: An extended mean field game for storage in smart grids
Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2302762)
