Thats a unique idea.You should consider the following idea to enhance your idea so that it would impact uniquely: Wide-area control helps in suppression of interarea oscillations in electric por systems, but potentially requires a substantial investment into the communication network needed to exchange state information. To provide companies with incentives to subsidize the wide-area communication links, a fair cost-allocation method based on the theory of cooperative network-formation games (NFG) is developed. The Nash Bargaining Solution (NBS) is utilized to fairly allocate the communication cost to the companies, which act as game-players. First, the wide-area control problem is formulated using the state-feedback-based LQR minimization approach, and the social communication cost is computed using a sparsity-promoting algorithm. Second, the disagreement point, which determines the maximum cost each area is willing to pay, is computed. This selfish cost is proportional to the energy an area saves by utilizing wide-area feedback and is derived from the Nash Equilibria (NEs) of two noncooperative NFGs, with and without wide-area feedback, respectively. Finally, the social cost is divided optimally among the companies, with all players benefiting from cooperation. The proposed cost allocation is illustrated for the Australian 50-bus por system example.
['Feier Lian', 'Alexandra Duel-Hallen', 'Aranya Chakrabortty']
I am writing a research paper on a idea Ensuring economic fairness in wide-area control for power systems via game theory
[{"from": "human", "value": "I am writing a research paper on a idea Ensuring economic fairness in wide-area control for power systems via game theory"}, {"from": "gpt", "value": "Thats a unique idea.You should consider the following idea to enhance your idea so that it would impact uniquely: Wide-area control helps in suppression of interarea oscillations in electric por systems, but potentially requires a substantial investment into the communication network needed to exchange state information. To provide companies with incentives to subsidize the wide-area communication links, a fair cost-allocation method based on the theory of cooperative network-formation games (NFG) is developed. The Nash Bargaining Solution (NBS) is utilized to fairly allocate the communication cost to the companies, which act as game-players. First, the wide-area control problem is formulated using the state-feedback-based LQR minimization approach, and the social communication cost is computed using a sparsity-promoting algorithm. Second, the disagreement point, which determines the maximum cost each area is willing to pay, is computed. This selfish cost is proportional to the energy an area saves by utilizing wide-area feedback and is derived from the Nash Equilibria (NEs) of two noncooperative NFGs, with and without wide-area feedback, respectively. Finally, the social cost is divided optimally among the companies, with all players benefiting from cooperation. The proposed cost allocation is illustrated for the Australian 50-bus por system example."}]