Online Dynamic Pricing for Electric Vehicle Charging Stations with Reservations

Fuente: arXiv
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Autori principali: Mrkos, Jan, Komenda, Antonín, Fiedler, David, Vokřínek, Jiří
Natura: Preprint
Pubblicazione: 2024
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author Mrkos, Jan
Komenda, Antonín
Fiedler, David
Vokřínek, Jiří
author_facet Mrkos, Jan
Komenda, Antonín
Fiedler, David
Vokřínek, Jiří
contents This paper introduces a novel model for online dynamic pricing of electric vehicle charging services that integrates reservation, parking, and charging into a comprehensive bundle priced as a whole. Our approach focuses on the individual high-demand, fast-charging location, employing a Poisson process as a model of charging reservation arrivals, and develops an online dynamic pricing strategy optimized through a Markov Decision Process (MDP). A key contribution is the novel analysis of discretization error introduced when incorporating the continuous-time Poisson process into the discrete MDP framework. The MDP model's feasibility is demonstrated with a heuristic dynamic pricing method based on Monte-Carlo tree search, offering a viable path for real-world applications.
format Preprint
id arxiv_https___arxiv_org_abs_2410_05538
institution arXiv
publishDate 2024
record_format arxiv
spellingShingle Online Dynamic Pricing for Electric Vehicle Charging Stations with Reservations
Mrkos, Jan
Komenda, Antonín
Fiedler, David
Vokřínek, Jiří
Multiagent Systems
Artificial Intelligence
This paper introduces a novel model for online dynamic pricing of electric vehicle charging services that integrates reservation, parking, and charging into a comprehensive bundle priced as a whole. Our approach focuses on the individual high-demand, fast-charging location, employing a Poisson process as a model of charging reservation arrivals, and develops an online dynamic pricing strategy optimized through a Markov Decision Process (MDP). A key contribution is the novel analysis of discretization error introduced when incorporating the continuous-time Poisson process into the discrete MDP framework. The MDP model's feasibility is demonstrated with a heuristic dynamic pricing method based on Monte-Carlo tree search, offering a viable path for real-world applications.
title Online Dynamic Pricing for Electric Vehicle Charging Stations with Reservations
topic Multiagent Systems
Artificial Intelligence
url https://arxiv.org/abs/2410.05538