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Green Environment: Decision-Making and Power Utility Optimization towards Smart-Grid Options

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DOI: 10.4236/sgre.2010.11005    5,210 Downloads   9,434 Views   Citations
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ABSTRACT

Decision-making toward prudent energy conservation is a primary issue in the power utility management while con-ceiving green environment. Presented in this paper are relevant considerations and prudent ways of decision-making thereof. Examples are furnished to illustrate the underlying considerations and are discussed using practical examples. Specifically green ambient is considered and the underlying payoff resulting from each combination of strategies adopted (or courses of action taken) by the technology-option participants is evaluated. Game-theoretic pursuits are followed.

Conflicts of Interest

The authors declare no conflicts of interest.

Cite this paper

D. DeGroff, "Green Environment: Decision-Making and Power Utility Optimization towards Smart-Grid Options," Smart Grid and Renewable Energy, Vol. 1 No. 1, 2010, pp. 32-39. doi: 10.4236/sgre.2010.11005.

References

[1] “Smart Grid: Enabler of the New Energy Economy,” Elec- tricity Advisory Committee, December 2008. http://www.oe.energy.gov/eac.htm
[2] D. Tuite, “For Power Design Opportunities, Try The Smart Grid,” Electronic Design, Vol. 58, January 2010.
[3] J. L. Riggs, Engineering Economics, McGraw-hill Book Company, New York, 1977.

  
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