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

Sebastian Stein, Enrico Gerding, Valentin Robu, Nicholas R. Jennings

Research output: Contribution to conferencePaperScientificpeer-review

58 Citations (Scopus)

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.

Original languageEnglish
Pages568-575
Number of pages8
Publication statusPublished - 1 Jan 2012
Externally publishedYes
Event11th International Conference on Autonomous Agents and Multiagent Systems 2012: Innovative Applications Track, AAMAS 2012 - Valencia, Spain
Duration: 4 Jun 20128 Jun 2012

Conference

Conference11th International Conference on Autonomous Agents and Multiagent Systems 2012: Innovative Applications Track, AAMAS 2012
CountrySpain
CityValencia
Period4/06/128/06/12

Keywords

  • Electric vehicles
  • Mechanism design
  • Pricing

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