Green Environment: Decision-Making and Power Utility Optimization towards Smart-Grid Options
Author(s)
Dolores DeGroff*
Affiliation(s)
Department of Civil, Environmental and Geomatics Engineering Florida Atlantic University, Boca Raton, USA.
Department of Civil, Environmental and Geomatics Engineering Florida Atlantic University, Boca Raton, USA.
ABSTRACT
Decision-making toward prudent energy conservation is a primary issue in the power utility management while con-ceiving green environment. Presented in this paper are relevant considerations and prudent ways of decision-making thereof. Examples are furnished to illustrate the underlying considerations and are discussed using practical examples. Specifically green ambient is considered and the underlying payoff resulting from each combination of strategies adopted (or courses of action taken) by the technology-option participants is evaluated. Game-theoretic pursuits are followed.
Decision-making toward prudent energy conservation is a primary issue in the power utility management while con-ceiving green environment. Presented in this paper are relevant considerations and prudent ways of decision-making thereof. Examples are furnished to illustrate the underlying considerations and are discussed using practical examples. Specifically green ambient is considered and the underlying payoff resulting from each combination of strategies adopted (or courses of action taken) by the technology-option participants is evaluated. Game-theoretic pursuits are followed.
Cite this paper
nullD. DeGroff, "Green Environment: Decision-Making and Power Utility Optimization towards Smart-Grid Options," Smart Grid and Renewable Energy, Vol. 1 No. 1, 2010, pp. 32-39. doi: 10.4236/sgre.2010.11005.
nullD. DeGroff, "Green Environment: Decision-Making and Power Utility Optimization towards Smart-Grid Options," Smart Grid and Renewable Energy, Vol. 1 No. 1, 2010, pp. 32-39. doi: 10.4236/sgre.2010.11005.
References
[1] “Smart Grid: Enabler of the New Energy Economy,” Elec- tricity Advisory Committee, December 2008. http://www.oe.energy.gov/eac.htm [2] D. Tuite, “For Power Design Opportunities, Try The Smart Grid,” Electronic Design, Vol. 58, January 2010. [3] J. L. Riggs, Engineering Economics, McGraw-hill Book Company, New York, 1977.
[1] “Smart Grid: Enabler of the New Energy Economy,” Elec- tricity Advisory Committee, December 2008. http://www.oe.energy.gov/eac.htm [2] D. Tuite, “For Power Design Opportunities, Try The Smart Grid,” Electronic Design, Vol. 58, January 2010. [3] J. L. Riggs, Engineering Economics, McGraw-hill Book Company, New York, 1977.