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Computer Science > Computer Science and Game Theory

Title: Balancing Fairness and Efficiency in Energy Resource Allocations

Abstract: Bringing fairness to energy resource allocation remains a challenge, due to the complexity of system structures and economic interdependencies among users and system operators' decision-making. The rise of distributed energy resources has introduced more diverse heterogeneous user groups, surpassing the capabilities of traditional efficiency-oriented allocation schemes. Without explicitly bringing fairness to user-system interaction, this disparity often leads to disproportionate payments for certain user groups due to their utility formats or group sizes.
Our paper addresses this challenge by formalizing the problem of fair energy resource allocation and introducing the framework for aggregators. This framework enables optimal fairness-efficiency trade-offs by selecting appropriate objectives in a principled way. By jointly optimizing over the total resources to allocate and individual allocations, our approach reveals optimized allocation schemes that lie on the Pareto front, balancing fairness and efficiency in resource allocation strategies.
Subjects: Computer Science and Game Theory (cs.GT); Multiagent Systems (cs.MA); Systems and Control (eess.SY)
Cite as: arXiv:2403.15616 [cs.GT]
  (or arXiv:2403.15616v1 [cs.GT] for this version)

Submission history

From: Jiayi Li [view email]
[v1] Fri, 22 Mar 2024 21:06:48 GMT (609kb,D)

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