A model-based online mechanism with pre-commitment and its application to electric vehicle charging


Stein, Sebastian, Gerding, Enrico, Robu, Valentin and Jennings, Nick (2012) A model-based online mechanism with pre-commitment and its application to electric vehicle charging At Proceedings of the 11th International Conference on Autonomous Agents and Multi-Agent Systems (AAMAS 2012)), Spain. 04 - 08 Jun 2012. , pp. 669-676.

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Description/Abstract

We introduce a novel online mechanism that schedules the allocation of an expiring and continuously-produced resource to self-interested agents with private preferences. A key application of our mechanism is the charging of pure electric vehicles, where owners arrive dynamically over time, and each owner requires a minimum amount of charge by its departure to complete its next trip. To truthfully elicit the agents' preferences in this setting, we introduce the new concept of pre-commitment: Whenever an agent is selected, our mechanism pre-commits to charging the vehicle by its reported departure time, but maintains flexibility about when the charging takes place and at what rate. Furthermore, to make effective allocation decisions we use a model-based approach by modifying Consensus, a well-known online optimisation algorithm. We show that our pre-commitment mechanism with modified Consensus incentivises truthful reporting. Furthermore, through simulations based on real-world data, we show empirically that the average utility achieved by our mechanism is 93% or more of the offline optimal.

Item Type: Conference or Workshop Item (Paper)
Venue - Dates: Proceedings of the 11th International Conference on Autonomous Agents and Multi-Agent Systems (AAMAS 2012)), Spain, 2012-06-04 - 2012-06-08
Keywords: electric vehicles, mechanism design, pricing
Subjects: T Technology > TK Electrical engineering. Electronics Nuclear engineering
T Technology > TL Motor vehicles. Aeronautics. Astronautics
Organisations: Agents, Interactions & Complexity
ePrint ID: 273082
Date :
Date Event
June 2012Published
Date Deposited: 02 Jan 2012 10:53
Last Modified: 23 Feb 2017 08:15
Projects:
HUMAN-AGENT COLLECTIVES: FROM FOUNDATIONS TO APPLICATIONS [ORCHID]
Funded by: EPSRC (EP/I011587/1)
Led by: Nick Jennings
1 January 2011 to 31 December 2015
Further Information:Google Scholar
URI: http://eprints.soton.ac.uk/id/eprint/273082

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