Title :
A survey of game theoretic approaches in smart grid
Author :
Fadlullah, Zubair Md ; Nozaki, Yousuke ; Takeuchi, Akira ; Kato, Nei
Author_Institution :
Grad. Sch. of Inf. Sci. (GSIS), Tohoku Univ., Sendai, Japan
Abstract :
The concept of smart grid to transform the age old power grid into a smart and intelligent electric power distribution system is, currently, a hot research topic. Smart grid offers the merging of electrical power engineering technologies with network communications. Game theory has featured as an interesting technique, adopted by many researchers, to establish effective smart grid communications. The use of game theory, to date, has offered solutions to various decision making problems, ranging from distributed load management to micro storage management in smart grid. Interestingly, different researchers have different objectives or problem scopes for adopting game theory in smart grid. Nevertheless, all the game theoretic approaches for making effective smart grid solutions have a common aspect, namely the Nash equilibrium, arriving at which may lead to an optimal solution to the relevant problem. In this paper, we survey a number of game theory-based applications to solve different problems in smart grid. This survey reveals that game theory can be apparently simple yet become an effective technique to facilitate intelligent decision making in smart grid frameworks.
Keywords :
data communication; decision making; game theory; power distribution; power system management; smart power grids; Nash equilibrium; distributed load management; electrical power engineering technologies; game theoretic approaches; intelligent decision making; intelligent electric power distribution system; micro storage management; network communications; power grid; smart grid communications; Electricity; Games; Nash equilibrium; Power generation; Pricing; Smart grids; Smart grid; game theory;
Conference_Titel :
Wireless Communications and Signal Processing (WCSP), 2011 International Conference on
Conference_Location :
Nanjing
Print_ISBN :
978-1-4577-1009-4
Electronic_ISBN :
978-1-4577-1008-7
DOI :
10.1109/WCSP.2011.6096962