An approach to sustainable electric power allocation using a multi-round multi-unit combinatorial auction

Authors:
Naoki Fukuta;Takayuki Ito
Affiliations:
Shizuoka University, Hamamatsu, Shizuoka, Japan;Nagoya Institute of Technology, Gokiso-cho, Nagoya, Japan, Tokyo University, Bunkyo-ku, Tokyo, Japan
Venue:
PRIMA'11 Proceedings of the 14th international conference on Agent Based Simulation for a Sustainable Society and Multi-agent Smart Computing
Year:
2011

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Abstract

In this paper, we present a preliminary idea about applying multi-unit combinatorial auctions to an electric power allocation problem when it includes sustainable power sources and it considers guaranteeing stable continuous use of the supplied power. Multi-unit combinatorial auction is a combinatorial auction that has some items that can be seen as indistinguishable. Theoretically, such mechanisms could be applied for dynamic electricity auctions. We try to illustrate how such a mechanism can be applied to the actual electric power allocation problem when we consider the situation that there are sustainable electric power sources and guaranteeing stable continuous use of them. An approximation mechanism has been applied for a large-scale auction problem to overcome its computational intractability.