The possible existence of ‘economy of scale’ in manufacturing poor power quality (PQ) mitigation devices motivates customers to participate in a common mitigation solution. A custom power park (CPP) is an option where the CPP operator offers a set of custom solutions to a group of customers. Given that these custom solutions comprise one or many custom power devices, both CPP operators and the customers are expected to coordinate to obtain individual mitigation device ratings while maximizing the overall utility of customers. Here, CPP operators would calculate ratings of custom solutions and associated unit cost for the minimal total cost, while the customers are expected to select custom solutions to maximize their overall benefit. Furthermore, the customers utilize their willingness-to-pay function in this process and strictly participate in this arrangement if the utility received is more than their self-generated non-negative utility. Without the CPP operator, customers would
With the advent of highly automated semiconductor wafer production facilities, there is a pressing trend to broaden the scope of standard automation to incorporate improved decision capabilities with Combinatorial Optimization, Machine Intelligence, and Systems Analysis.
Voltage sag mitigation utilizing dynamic voltage restorers (DVRs) can be classified as a common-pool resource (CPR) good. However, the ability of DVRs in improving voltage sag performance of only downstream customers provides the ability to exclude the non-contributors selectively. Therefore, unlike traditional CPR goods, the DVR allocation problem can give rise to partial excludability. Here, the non-collocated customers have been divided into feasible clusters through suitable positioning of DVRs using the proposed graph-partitioning principle. In the absence of trustworthiness, especially with the participation of electricity supply companies, the participants may ask an external agent and share their willingness-to-pay information to design the optimal set of clusters. Alternatively, the customers, including electricity supply companies, can also share internal information as an open system. Strategies for sharing internal information to avoid free-riding are also discussed. The ut