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Risk-aware service level agreement modeling in smart grid
by
Mahabadi, Aminollah
, Besmi, Mohammad Reza
in
Agreements
/ Automation
/ Complexity
/ Computer Communication Networks
/ Computer Science
/ Consumers
/ Data Structures and Information Theory
/ Life cycle engineering
/ Multimedia Information Systems
/ Power consumption
/ Pricing
/ Quality of service
/ Resource management
/ Risk levels
/ Risk management
/ Smart grid
/ Special Purpose and Application-Based Systems
2021
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Risk-aware service level agreement modeling in smart grid
by
Mahabadi, Aminollah
, Besmi, Mohammad Reza
in
Agreements
/ Automation
/ Complexity
/ Computer Communication Networks
/ Computer Science
/ Consumers
/ Data Structures and Information Theory
/ Life cycle engineering
/ Multimedia Information Systems
/ Power consumption
/ Pricing
/ Quality of service
/ Resource management
/ Risk levels
/ Risk management
/ Smart grid
/ Special Purpose and Application-Based Systems
2021
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Do you wish to request the book?
Risk-aware service level agreement modeling in smart grid
by
Mahabadi, Aminollah
, Besmi, Mohammad Reza
in
Agreements
/ Automation
/ Complexity
/ Computer Communication Networks
/ Computer Science
/ Consumers
/ Data Structures and Information Theory
/ Life cycle engineering
/ Multimedia Information Systems
/ Power consumption
/ Pricing
/ Quality of service
/ Resource management
/ Risk levels
/ Risk management
/ Smart grid
/ Special Purpose and Application-Based Systems
2021
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Journal Article
Risk-aware service level agreement modeling in smart grid
2021
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Overview
As advanced Smart Grid environments grow from a simple grid towards a complex provider ecosystem, there is an uncertain challenge on those grid environments that need to manage a risk paradigm. We present an automated risk-aware service level agreements modeling to the grid provider for speed automated pricing and getting better performance to program as an agent-oriented platform. The key idea of our
novel approach
is proposing a
risk level agreements
contract and a
pricing model
to decrease the complexity of previous methods from an off-line
service level agreement
to an on-line
risk level agreement
for managing the risk lifecycle of contracts used to record the rights and obligations of the services and their consumers. Based on a risk level agreements contract the model optimizes resource management according to the business objective level of the provider with an online risk-aware rendezvous to define the penalty level of the cost model. The corresponding quality of service criteria is defined based on multi-class risk-aware service level agreements between Smart Grid providers and their power consumers which include the tail distributions of the per-class costs in addition to the more standard quality of service metrics such as throughput and mean delays. Our empirical experiments show the benefits of the proposed approach.
Publisher
Springer US,Springer Nature B.V
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