News Reporter-Staff News Editor at
Engineering Daily News Investigators discuss new findings in Engineering - Industrial Engineering. According to news reporting from
Ankara, Turkey, by NewsRx journalists, research stated, “This study presents a privacy-aware stochastic multiobjective optimization framework that considers the objectives of both consumers and utility companies (UCs) in a demand response (DR) scheme. This framework enables a fair optimization of all the objectives together, and can be used to observe their effects on one another.”
The news correspondents obtained a quote from the research from the
TOBB University of Economics and Technology, “Using this framework, we performed a comprehensive exploration of the relationships between the objectives of consumers and UCs. The uncertainty of photovoltaic energy sources is modeled by using a stochastic optimization approach. The objectives of the households include minimizing monetary cost and maximizing priv
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