Integration and management of the flexibility of Demand Side Resources (DSR) in today’s energy systems plays a significant role in building up a sustainable society. However, the challenges of understanding, predicat...Integration and management of the flexibility of Demand Side Resources (DSR) in today’s energy systems plays a significant role in building up a sustainable society. However, the challenges of understanding, predicating and handling the uncertainties associated this subject to a great extent hamper its development. In this paper, an analytical framework based on a multi-portfolio setup in presence of a deregulated power market is proposed to address such challenges by adopting the thinking in modern portfolio theory (MPT). A Numerical example that targets on analyzing the risk and return for various flexibility pricing strategies are presented to illustrate some features of the framework.展开更多
A“Market” based framework for multiple AUVs team is introduced in this paper.It is a distributed meta-level task allocation framwork. The formulation and the basic concepts of the “Market” such as “goods” and “...A“Market” based framework for multiple AUVs team is introduced in this paper.It is a distributed meta-level task allocation framwork. The formulation and the basic concepts of the “Market” such as “goods” and “price” are discussed first, then the basic algorithm of the “auction”. The loosely coupled v-MDTSP tasks are considered as an example of the task allocation mission. A multiple AUV team controller and a detailed algorithm are developed for such applications. The simulation results show that the controller has the advantages such as robustness and low complexity and it can achieve better optimization results than the classical central controller (such as GA) in some tasks. And the comparison of two different local solvers also implies that we should get the reasonable task allocation even not using the high quality algorithm, which can considerably decrease the cooperation computation.展开更多
In the era of big data,there is an urgent need to establish data trading markets for effectively releasing the tremendous value of the drastically explosive data.Data security and data pricing,however,are still widely...In the era of big data,there is an urgent need to establish data trading markets for effectively releasing the tremendous value of the drastically explosive data.Data security and data pricing,however,are still widely regarded as major challenges in this respect,which motivate this research on the novel multi-blockchain based framework for data trading markets and their associated pricing mechanisms.In this context,data recording and trading are conducted separately within two separate blockchains:the data blockchain(DChain) and the value blockchain(VChain).This enables the establishment of two-layer data trading markets to manage initial data trading in the primary market and subsequent data resales in the secondary market.Moreover,pricing mechanisms are then proposed to protect these markets against strategic trading behaviors and balance the payoffs of both suppliers and users.Specifically,in regular data trading on VChain-S2D,two auction models are employed according to the demand scale,for dealing with users’ strategic bidding.The incentive-compatible Vickrey-Clarke-Groves(VCG)model is deployed to the low-demand trading scenario,while the nearly incentive-compatible monopolistic price(MP) model is utilized for the high-demand trading scenario.With temporary data trading on VChain-D2S,a reverse auction mechanism namely two-stage obscure selection(TSOS) is designed to regulate both suppliers’ quoting and users’ valuation strategies.Furthermore,experiments are carried out to demonstrate the strength of this research in enhancing data security and trading efficiency.展开更多
The carbon market auction mechanism is an important policy tool for carbon pricing and a key mechanism that supports carbon emission neutralization,especially for China.A few systematic studies exist on China’s carbo...The carbon market auction mechanism is an important policy tool for carbon pricing and a key mechanism that supports carbon emission neutralization,especially for China.A few systematic studies exist on China’s carbon market auction mechanism.This article focuses on the five auction mechanisms in Chinese pilot emission trading schemes(ETS),reviews the structures and bidding situation of the five-pilot auction mechanism,extracts the similarities,and analyzes their different features,such as auction mode,bidding scale,participants,pricing mode,auction frequency,and so on.This study conducts an in-depth analysis of the carbon allowance auction mechanism in the Guangdong pilot ETS of China,including its development and the evolution of the key elements,its operational effects,and related disputes.Finally,this study puts forward the trend forecast and suggestions for the Chinese allowance auction mechanism,such as the time window of launching national allowance auctions,the most likely auction mode,carbon pricing,and bidding revenue management.Carbon pricing by auction is the most powerful policy tool for addressing carbon emissions reduction and implementing the Glasgow Climate Pact.展开更多
The art market,following the example of financial markets,is divided into a primary market,where works are traded directly from artists,and a secondary market that is mainly the auction market.COVID-19 and galloping i...The art market,following the example of financial markets,is divided into a primary market,where works are traded directly from artists,and a secondary market that is mainly the auction market.COVID-19 and galloping inflation have influenced the creation of a bull market in artwork.The high incomes of some buyers and inflation have influenced the emergence of the so-called“glittery”art market.Works by neglected artists have“very much taken on a life of their own”:fantasy art,works by young poster artists,casting“nightmares”-have been selling well for more than a year.People terrified of inflation are putting their money“in works of art”.The auction market dominates the primary market because anonymity makes it easier to enter the art market.The gallery market does not guarantee this anonymity.Very often,the auction market for works of art is used for money laundering.The purpose of this paper is to show that auction mechanisms are a good tool for the efficient allocation of goods and money in an era of galloping inflation,including non-standard objects such as works of art.These mechanisms,due to the information asymmetry,often lead to the generation of all kinds of pathologies and the increasing incidence of the phenomenon known as the winner’s curse.展开更多
Chinese"red"art,which refer to artworks depicting revolutionary subjects,have seen excellent performance in the auction market since the beginning of this year.In particular,the celebration of the60th annive...Chinese"red"art,which refer to artworks depicting revolutionary subjects,have seen excellent performance in the auction market since the beginning of this year.In particular,the celebration of the60th anniversary of the People’s Republic of China gave a new push to its price rise.展开更多
With development of integrated energy systems and energy markets,transactive energy has received increasing attention from society and academia,and realization of energy distribution and integrated demand response thr...With development of integrated energy systems and energy markets,transactive energy has received increasing attention from society and academia,and realization of energy distribution and integrated demand response through market transactions has become a current research hotspot.Research on optimized operation of a distributed energy station as a regional energy supply center is of great significance for improving flexibility and reliability of the system.Based on retail-side energy trading market,this study first establishes a framework of combined electric and heating energy markets and analyses a double auction market mechanism model of interconnected distributed energy stations.This study establishes a mechanism model of energy market participants,and establishes the electric heating combined market-clearing model to maximize global surplus considering multi-energy storage.Finally,in the case study,a typical user energy consumption scenario in winter is selected,showing market-clearing results and demand response effects on a typical day.Impact of transmission line constraints,energy supply equipment capacity,and other factors on clearing results and global surplus are compared and analyzed,verifying the effects of the proposed method on improving global surplus,enhancing interests of market participants and realizing coordination and optimal allocation of both supply and demand resources through energy complementarity between regions.展开更多
文摘Integration and management of the flexibility of Demand Side Resources (DSR) in today’s energy systems plays a significant role in building up a sustainable society. However, the challenges of understanding, predicating and handling the uncertainties associated this subject to a great extent hamper its development. In this paper, an analytical framework based on a multi-portfolio setup in presence of a deregulated power market is proposed to address such challenges by adopting the thinking in modern portfolio theory (MPT). A Numerical example that targets on analyzing the risk and return for various flexibility pricing strategies are presented to illustrate some features of the framework.
文摘A“Market” based framework for multiple AUVs team is introduced in this paper.It is a distributed meta-level task allocation framwork. The formulation and the basic concepts of the “Market” such as “goods” and “price” are discussed first, then the basic algorithm of the “auction”. The loosely coupled v-MDTSP tasks are considered as an example of the task allocation mission. A multiple AUV team controller and a detailed algorithm are developed for such applications. The simulation results show that the controller has the advantages such as robustness and low complexity and it can achieve better optimization results than the classical central controller (such as GA) in some tasks. And the comparison of two different local solvers also implies that we should get the reasonable task allocation even not using the high quality algorithm, which can considerably decrease the cooperation computation.
基金partially supported by the Science and Technology Development Fund,Macao SAR (0050/2020/A1)the National Natural Science Foundation of China (62103411, 72171230)。
文摘In the era of big data,there is an urgent need to establish data trading markets for effectively releasing the tremendous value of the drastically explosive data.Data security and data pricing,however,are still widely regarded as major challenges in this respect,which motivate this research on the novel multi-blockchain based framework for data trading markets and their associated pricing mechanisms.In this context,data recording and trading are conducted separately within two separate blockchains:the data blockchain(DChain) and the value blockchain(VChain).This enables the establishment of two-layer data trading markets to manage initial data trading in the primary market and subsequent data resales in the secondary market.Moreover,pricing mechanisms are then proposed to protect these markets against strategic trading behaviors and balance the payoffs of both suppliers and users.Specifically,in regular data trading on VChain-S2D,two auction models are employed according to the demand scale,for dealing with users’ strategic bidding.The incentive-compatible Vickrey-Clarke-Groves(VCG)model is deployed to the low-demand trading scenario,while the nearly incentive-compatible monopolistic price(MP) model is utilized for the high-demand trading scenario.With temporary data trading on VChain-D2S,a reverse auction mechanism namely two-stage obscure selection(TSOS) is designed to regulate both suppliers’ quoting and users’ valuation strategies.Furthermore,experiments are carried out to demonstrate the strength of this research in enhancing data security and trading efficiency.
基金supported by Shenzhen Philosophy and Social Sciences Planning in 2021[Grant No.SZ2021A006]the Basic Theoretical Research in the 13th Five Year Plan of Guangdong Philosophy and Social Sciences in 2020[Grant No.GD20 YDXZGL09]and the Characteristic Innovation Projects of Guangdong Universities in China[Grant No.2021WTSCX035].
文摘The carbon market auction mechanism is an important policy tool for carbon pricing and a key mechanism that supports carbon emission neutralization,especially for China.A few systematic studies exist on China’s carbon market auction mechanism.This article focuses on the five auction mechanisms in Chinese pilot emission trading schemes(ETS),reviews the structures and bidding situation of the five-pilot auction mechanism,extracts the similarities,and analyzes their different features,such as auction mode,bidding scale,participants,pricing mode,auction frequency,and so on.This study conducts an in-depth analysis of the carbon allowance auction mechanism in the Guangdong pilot ETS of China,including its development and the evolution of the key elements,its operational effects,and related disputes.Finally,this study puts forward the trend forecast and suggestions for the Chinese allowance auction mechanism,such as the time window of launching national allowance auctions,the most likely auction mode,carbon pricing,and bidding revenue management.Carbon pricing by auction is the most powerful policy tool for addressing carbon emissions reduction and implementing the Glasgow Climate Pact.
文摘The art market,following the example of financial markets,is divided into a primary market,where works are traded directly from artists,and a secondary market that is mainly the auction market.COVID-19 and galloping inflation have influenced the creation of a bull market in artwork.The high incomes of some buyers and inflation have influenced the emergence of the so-called“glittery”art market.Works by neglected artists have“very much taken on a life of their own”:fantasy art,works by young poster artists,casting“nightmares”-have been selling well for more than a year.People terrified of inflation are putting their money“in works of art”.The auction market dominates the primary market because anonymity makes it easier to enter the art market.The gallery market does not guarantee this anonymity.Very often,the auction market for works of art is used for money laundering.The purpose of this paper is to show that auction mechanisms are a good tool for the efficient allocation of goods and money in an era of galloping inflation,including non-standard objects such as works of art.These mechanisms,due to the information asymmetry,often lead to the generation of all kinds of pathologies and the increasing incidence of the phenomenon known as the winner’s curse.
文摘Chinese"red"art,which refer to artworks depicting revolutionary subjects,have seen excellent performance in the auction market since the beginning of this year.In particular,the celebration of the60th anniversary of the People’s Republic of China gave a new push to its price rise.
基金supported by National Key R&D Program of China(2018YFB0905000)Science and Technology Project of SGCC(SGTJDK00DWJS1800232)+2 种基金National Natural Science Foundation of China(51977141)Joint Research Fund of the National Science Fund of China(U1766210)conducted in cooperation of APPLIED ENERGY UNiLAB-DEM。
文摘With development of integrated energy systems and energy markets,transactive energy has received increasing attention from society and academia,and realization of energy distribution and integrated demand response through market transactions has become a current research hotspot.Research on optimized operation of a distributed energy station as a regional energy supply center is of great significance for improving flexibility and reliability of the system.Based on retail-side energy trading market,this study first establishes a framework of combined electric and heating energy markets and analyses a double auction market mechanism model of interconnected distributed energy stations.This study establishes a mechanism model of energy market participants,and establishes the electric heating combined market-clearing model to maximize global surplus considering multi-energy storage.Finally,in the case study,a typical user energy consumption scenario in winter is selected,showing market-clearing results and demand response effects on a typical day.Impact of transmission line constraints,energy supply equipment capacity,and other factors on clearing results and global surplus are compared and analyzed,verifying the effects of the proposed method on improving global surplus,enhancing interests of market participants and realizing coordination and optimal allocation of both supply and demand resources through energy complementarity between regions.