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Event-triggered control and self-triggered control are an important control strategy in networked control systems. Event-triggered control is a control method that determines transmissions of the control input and the measured signal depending on measurement information. Self-triggered control is a control method that the control input and the (non-uniform) sampling interval are computed simultaneously...
Real-time pricing is one of the key strategies in demand response. In this paper, a new theoretical framework for real-time pricing is proposed based on a switched Markov chain model. First, a switched Markov chain model is introduced, and the behavior of air-conditioners is modeled as an example. Next, the pricing problem is formulated as the optimal control problem, and its solution method is proposed...
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