{"id":"https://openalex.org/W4200087435","doi":"https://doi.org/10.1109/isgteurope52324.2021.9639936","title":"Prosumer Centric Flexibility Market with Geometric Brownian Motion Pricing Method","display_name":"Prosumer Centric Flexibility Market with Geometric Brownian Motion Pricing Method","publication_year":2021,"publication_date":"2021-10-18","ids":{"openalex":"https://openalex.org/W4200087435","doi":"https://doi.org/10.1109/isgteurope52324.2021.9639936"},"language":"en","primary_location":{"id":"doi:10.1109/isgteurope52324.2021.9639936","is_oa":false,"landing_page_url":"https://doi.org/10.1109/isgteurope52324.2021.9639936","pdf_url":null,"source":{"id":"https://openalex.org/S4363605480","display_name":"2021 IEEE PES Innovative Smart Grid Technologies Europe (ISGT Europe)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"conference"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2021 IEEE PES Innovative Smart Grid Technologies Europe (ISGT Europe)","raw_type":"proceedings-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5081827954","display_name":"Ying\u2010Jie Wang","orcid":"https://orcid.org/0000-0001-9091-6423"},"institutions":[{"id":"https://openalex.org/I99464096","display_name":"KU Leuven","ror":"https://ror.org/05f950310","country_code":"BE","type":"education","lineage":["https://openalex.org/I99464096"]}],"countries":["BE"],"is_corresponding":true,"raw_author_name":"Yingjie Wang","raw_affiliation_strings":["KU Leuven - ESAT - EnergyVille,Department of Electrical Engineering,Leuven,Belgium"],"affiliations":[{"raw_affiliation_string":"KU Leuven - ESAT - EnergyVille,Department of Electrical Engineering,Leuven,Belgium","institution_ids":["https://openalex.org/I99464096"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5017565535","display_name":"Fairouz Zobiri","orcid":"https://orcid.org/0000-0002-1898-1308"},"institutions":[{"id":"https://openalex.org/I99464096","display_name":"KU Leuven","ror":"https://ror.org/05f950310","country_code":"BE","type":"education","lineage":["https://openalex.org/I99464096"]}],"countries":["BE"],"is_corresponding":false,"raw_author_name":"Fairouz Zobiri","raw_affiliation_strings":["KU Leuven - ESAT - EnergyVille,Department of Electrical Engineering,Leuven,Belgium"],"affiliations":[{"raw_affiliation_string":"KU Leuven - ESAT - EnergyVille,Department of Electrical Engineering,Leuven,Belgium","institution_ids":["https://openalex.org/I99464096"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5024462942","display_name":"Geert Deconinck","orcid":"https://orcid.org/0000-0002-2225-3987"},"institutions":[{"id":"https://openalex.org/I99464096","display_name":"KU Leuven","ror":"https://ror.org/05f950310","country_code":"BE","type":"education","lineage":["https://openalex.org/I99464096"]}],"countries":["BE"],"is_corresponding":false,"raw_author_name":"Geert Deconinck","raw_affiliation_strings":["KU Leuven - ESAT - EnergyVille,Department of Electrical Engineering,Leuven,Belgium"],"affiliations":[{"raw_affiliation_string":"KU Leuven - ESAT - EnergyVille,Department of Electrical Engineering,Leuven,Belgium","institution_ids":["https://openalex.org/I99464096"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5081827954"],"corresponding_institution_ids":["https://openalex.org/I99464096"],"apc_list":null,"apc_paid":null,"fwci":2.1637,"has_fulltext":false,"cited_by_count":5,"citation_normalized_percentile":{"value":0.87774809,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":90,"max":97},"biblio":{"volume":null,"issue":null,"first_page":"1","last_page":"6"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10603","display_name":"Smart Grid Energy Management","score":0.9998999834060669,"subfield":{"id":"https://openalex.org/subfields/2208","display_name":"Electrical and Electronic Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},"topics":[{"id":"https://openalex.org/T10603","display_name":"Smart Grid Energy Management","score":0.9998999834060669,"subfield":{"id":"https://openalex.org/subfields/2208","display_name":"Electrical and Electronic Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T12238","display_name":"Green IT and Sustainability","score":0.9937000274658203,"subfield":{"id":"https://openalex.org/subfields/2208","display_name":"Electrical and Electronic Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T11954","display_name":"Energy Efficiency and Management","score":0.9861999750137329,"subfield":{"id":"https://openalex.org/subfields/2105","display_name":"Renewable Energy, Sustainability and the Environment"},"field":{"id":"https://openalex.org/fields/21","display_name":"Energy"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/prosumer","display_name":"Prosumer","score":0.8817745447158813},{"id":"https://openalex.org/keywords/flexibility","display_name":"Flexibility (engineering)","score":0.7255080938339233},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.552967369556427},{"id":"https://openalex.org/keywords/geometric-brownian-motion","display_name":"Geometric Brownian motion","score":0.4893290400505066},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.4057159125804901},{"id":"https://openalex.org/keywords/renewable-energy","display_name":"Renewable energy","score":0.39664384722709656},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.3092508316040039},{"id":"https://openalex.org/keywords/service","display_name":"Service (business)","score":0.30923449993133545},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.2410128116607666},{"id":"https://openalex.org/keywords/marketing","display_name":"Marketing","score":0.16970133781433105},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.13352778553962708},{"id":"https://openalex.org/keywords/diffusion-process","display_name":"Diffusion process","score":0.12225320935249329},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.10328671336174011}],"concepts":[{"id":"https://openalex.org/C2779939747","wikidata":"https://www.wikidata.org/wiki/Q1145220","display_name":"Prosumer","level":3,"score":0.8817745447158813},{"id":"https://openalex.org/C2780598303","wikidata":"https://www.wikidata.org/wiki/Q65921492","display_name":"Flexibility (engineering)","level":2,"score":0.7255080938339233},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.552967369556427},{"id":"https://openalex.org/C101615488","wikidata":"https://www.wikidata.org/wiki/Q1503307","display_name":"Geometric Brownian motion","level":4,"score":0.4893290400505066},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.4057159125804901},{"id":"https://openalex.org/C188573790","wikidata":"https://www.wikidata.org/wiki/Q12705","display_name":"Renewable energy","level":2,"score":0.39664384722709656},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3092508316040039},{"id":"https://openalex.org/C2780378061","wikidata":"https://www.wikidata.org/wiki/Q25351891","display_name":"Service (business)","level":2,"score":0.30923449993133545},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.2410128116607666},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.16970133781433105},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.13352778553962708},{"id":"https://openalex.org/C68710425","wikidata":"https://www.wikidata.org/wiki/Q5275442","display_name":"Diffusion process","level":3,"score":0.12225320935249329},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.10328671336174011},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.0},{"id":"https://openalex.org/C119599485","wikidata":"https://www.wikidata.org/wiki/Q43035","display_name":"Electrical engineering","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/isgteurope52324.2021.9639936","is_oa":false,"landing_page_url":"https://doi.org/10.1109/isgteurope52324.2021.9639936","pdf_url":null,"source":{"id":"https://openalex.org/S4363605480","display_name":"2021 IEEE PES Innovative Smart Grid Technologies Europe (ISGT Europe)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"conference"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2021 IEEE PES Innovative Smart Grid Technologies Europe (ISGT Europe)","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Affordable and clean energy","id":"https://metadata.un.org/sdg/7","score":0.8600000143051147}],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":27,"referenced_works":["https://openalex.org/W226605842","https://openalex.org/W1017661876","https://openalex.org/W1608603248","https://openalex.org/W1990820733","https://openalex.org/W2002062097","https://openalex.org/W2027869286","https://openalex.org/W2045704034","https://openalex.org/W2141676027","https://openalex.org/W2313187266","https://openalex.org/W2318227797","https://openalex.org/W2337204591","https://openalex.org/W2484370020","https://openalex.org/W2732345575","https://openalex.org/W2734510213","https://openalex.org/W2738437190","https://openalex.org/W2794741274","https://openalex.org/W2795555835","https://openalex.org/W2802251730","https://openalex.org/W2802421195","https://openalex.org/W2886852419","https://openalex.org/W2889496494","https://openalex.org/W2897612123","https://openalex.org/W2903981815","https://openalex.org/W2904483795","https://openalex.org/W2962776985","https://openalex.org/W3172901040","https://openalex.org/W4242559281"],"related_works":["https://openalex.org/W3183573877","https://openalex.org/W4287990301","https://openalex.org/W3000381361","https://openalex.org/W2504673889","https://openalex.org/W2573279507","https://openalex.org/W2889743787","https://openalex.org/W3209512929","https://openalex.org/W2979968121","https://openalex.org/W2050972256","https://openalex.org/W3211036366"],"abstract_inverted_index":{"As":[0],"the":[1,10,15,22,48,64,80,84,92,97,110,123,153,163],"distributed":[2],"renewable":[3],"energy":[4],"and":[5,119],"smart":[6],"meters":[7],"develop":[8],"rapidly,":[9],"value":[11,98],"of":[12,25,99,136,159],"flexibility":[13,49,76,100,116,155],"from":[14,140],"prosumers'":[16,127],"end":[17],"gets":[18],"more":[19],"attention.":[20],"However,":[21],"heterogeneous":[23],"nature":[24],"flexible":[26],"household":[27,137],"devices":[28],"is":[29,44,88,142,157],"often":[30,52],"overlooked.":[31],"Neither":[32],"their":[33,38],"unique":[34],"physical":[35],"feature":[36],"nor":[37],"impact":[39],"on":[40,79],"users'":[41],"comfort":[42,128],"level":[43,129],"investigated.":[45],"Besides":[46],"that,":[47],"providers":[50],"are":[51],"treated":[53],"as":[54,101,130,144],"price":[55,93],"takers.":[56],"They":[57],"do":[58],"not":[59],"show":[60,151],"market":[61,124,156,168],"power":[62],"during":[63],"pricing":[65],"period.":[66],"In":[67],"this":[68],"paper,":[69],"we":[70],"propose":[71],"a":[72,102,105,145,172],"prosumer-centric":[73],"competitive":[74],"day-ahead":[75],"market.":[77],"Based":[78],"Monte":[81],"Carlo":[82],"method,":[83],"Geometric":[85],"Brownian":[86],"Motion":[87],"used":[89,143],"to":[90,95,122],"simulate":[91],"path":[94],"determine":[96],"commodity.":[103],"With":[104],"naïve":[106],"seasonal":[107],"neural":[108],"network,":[109],"Home":[111],"Energy":[112],"Management":[113],"System":[114],"generates":[115],"bids":[117],"locally":[118],"submits":[120],"them":[121],"while":[125],"considering":[126],"an":[131],"important":[132],"constraint.":[133],"A":[134],"series":[135],"consumption":[138],"profiles":[139],"Germany":[141],"study":[146],"case.":[147],"The":[148,167],"simulation":[149],"results":[150],"that":[152],"proposed":[154],"capable":[158],"providing":[160],"service":[161],"for":[162,175],"distribution":[164],"system":[165],"operator.":[166],"can":[169],"also":[170],"provide":[171],"financial":[173],"benefit":[174],"prosumers.":[176]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":4}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}