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A market-based control approach is presented for the control of power flow within an electric ship. The proposed control method consists of an artificial market in which various actors (a consumer and firms) behave according to microeconomic principles. Each piece of equipment within the engineering plant will behave as a firm, attempting to maximize its profit. The commanding officer will behave...
This paper proposes a DC optimal power flow (DCOPF) with losses formulation for optimizing the allocation and operation of energy storage systems (ESSs) in renewable energy integrated power grids with transmission constraints. This so-called lossy DCOPF (ℓ-DCOPF) represents an effort to bridge the gap between the full OPF, which accurately represents the complete physics of the system but suffers...
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