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Investigators at Badji Mokhtar University Report Findings in Systems Science (Hierarchical Mean-field Type Control of Price Dynamics for Electricity In Smart Grid)


News Reporter-Staff News Editor at
NewsRx Science Daily Fresh data on Science - Systems Science are presented in a new report. According to news originating from Annaba,
Algeria, by NewsRx correspondents, research stated, “This paper solves a mean-field type hierarchical optimal control problem in electricity market. The authors consider n - 1 prosumers and one producer.”
Financial supporters for this research include Tamkeen under the
NYU Abu Dhabi Research Institute,
Air Force Office of Scientific Research (AFOSR).
Our news journalists obtained a quote from the research from
Badji Mokhtar University, “The ith prosumer, for 1 i n, is a leader of the (i - 1)th prosumer and is a follower of the (i + 1)th prosumer. The first player (agent) is the follower at the bottom whereas the nth is the leader at the top. The problem is described by a linear jump-diffusion system of conditional mean-field type, where the conditioning is with respect to ....

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