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Math Daily News
2020 DEC 18 (NewsRx) -- By a News Reporter-Staff News Editor at Math Daily News -- A new study on Engineering is now available. According to news reporting originating from Xinyu, People’s Republic of China, by NewsRx correspondents, research stated, “Residential power scheduling for demand response in a smart grid is a complex task. The traditional methods aim to minimize consumption costs and maximize consumption payoffs.”
Financial support for this research came from National Natural Science Foundation of China.
Our news editors obtained a quote from the research from Xinyu University, “In this paper, a power scheduling algorithm based on cost efficiency for smart homes is proposed to improve consumers’ consumption efficiency and satisfaction. In this proposed method, a definition of cost efficiency for residential power scheduling is introduced. Consumers’ consumption costs are modelled based on electricity payments and users’ discomfort. A pair of parameters for a trade-off between users’ discomfort and their electricity payment is designed to model cost efficiency based on the consumer’s preference. A power scheduling algorithm based on cost efficiency is developed by adopting a fractional programming approach. Four consumption models are analysed and discussed. The results show that this proposed method can effectively improve consumers’ consumption efficiency and satisfaction while saving costs.”