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On engineering game theory with its application in power systems
S.Mei,W.Wei,F.Liu
0
(Department of Electrical Engineering and Applied Electronics Technology, Tsinghua University, Beijing 100084, China)
摘要:
Due to its capability of solving decision-making problems involving multiple entities and objectives, as well as complex action sequences, game theory has been a basic mathematical tool of economists, politicians, and sociologists for decades. It helps them understand how strategic interactions impact rational decisions of individual players in competitive and uncertain environment, if each player aims to get the best payoff. This situation is ubiquitous in engineering practices. This paper streamlines the foundations of engineering game theory, which uses concepts, theories and methodologies to guide the resolution of engineering design, operation, and control problems in a more canonical and systematic way. An overview of its application in smart grid technologies and power systems related topics is presented, and intriguing research directions are also envisioned.
关键词:  Decision making, engineering game theory, power system, smart grid technology
DOI:
基金项目:This work was supported by National Natural Science Foundation of China (No. 51621065).
On engineering game theory with its application in power systems
S. Mei,W. Wei,F. Liu
(1.Department of Electrical Engineering and Applied Electronics Technology, Tsinghua University, Beijing 100084, China; 2.State Key Laboratory of Control and Simulation of Power Systems and Generation Equipments, Tsinghua University, Beijing 100084, China)
Abstract:
Due to its capability of solving decision-making problems involving multiple entities and objectives, as well as complex action sequences, game theory has been a basic mathematical tool of economists, politicians, and sociologists for decades. It helps them understand how strategic interactions impact rational decisions of individual players in competitive and uncertain environment, if each player aims to get the best payoff. This situation is ubiquitous in engineering practices. This paper streamlines the foundations of engineering game theory, which uses concepts, theories and methodologies to guide the resolution of engineering design, operation, and control problems in a more canonical and systematic way. An overview of its application in smart grid technologies and power systems related topics is presented, and intriguing research directions are also envisioned.
Key words:  Decision making, engineering game theory, power system, smart grid technology