Optimal price-threshold control for battery operation with aging phenomenon: a quasiconvex optimization approach
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DOI: 10.1007/s10479-017-2505-4
Abstract: This paper is concerned with grid-level battery storage operations, taking battery aging into consideration. Battery operations under price uncertainty are modeled as a Markov Decision Process with expected cumulated discounted rewards. The structure of the… read more here.
Keywords: quasiconvex; price; battery; threshold control ... See more keywords