{"id":"https://openalex.org/W2516199092","doi":"https://doi.org/10.1109/tsg.2016.2602870","title":"Generalized Minimax: A Self-Enforcing Pricing Scheme for Load Aggregators","display_name":"Generalized Minimax: A Self-Enforcing Pricing Scheme for Load Aggregators","publication_year":2016,"publication_date":"2016-08-25","ids":{"openalex":"https://openalex.org/W2516199092","doi":"https://doi.org/10.1109/tsg.2016.2602870","mag":"2516199092"},"language":"en","primary_location":{"id":"doi:10.1109/tsg.2016.2602870","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tsg.2016.2602870","pdf_url":null,"source":{"id":"https://openalex.org/S59604973","display_name":"IEEE Transactions on Smart Grid","issn_l":"1949-3053","issn":["1949-3053","1949-3061"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Transactions on Smart Grid","raw_type":"journal-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/A5031598728","display_name":"Kwami Senam Sedzro","orcid":"https://orcid.org/0000-0002-2107-8662"},"institutions":[{"id":"https://openalex.org/I186143895","display_name":"Lehigh University","ror":"https://ror.org/012afjb06","country_code":"US","type":"education","lineage":["https://openalex.org/I186143895"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Kwami Senam Sedzro","raw_affiliation_strings":["Department of Electrical and Computer Engineering, Lehigh University, Bethlehem, PA, USA"],"raw_orcid":"https://orcid.org/0000-0002-2107-8662","affiliations":[{"raw_affiliation_string":"Department of Electrical and Computer Engineering, Lehigh University, Bethlehem, PA, USA","institution_ids":["https://openalex.org/I186143895"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5080282461","display_name":"Alberto J. Lamadrid","orcid":"https://orcid.org/0000-0003-2539-9487"},"institutions":[{"id":"https://openalex.org/I186143895","display_name":"Lehigh University","ror":"https://ror.org/012afjb06","country_code":"US","type":"education","lineage":["https://openalex.org/I186143895"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Alberto J. Lamadrid","raw_affiliation_strings":["College of Business and Economics, Lehigh University, Bethlehem, PA, USA"],"raw_orcid":"https://orcid.org/0000-0003-2539-9487","affiliations":[{"raw_affiliation_string":"College of Business and Economics, Lehigh University, Bethlehem, PA, USA","institution_ids":["https://openalex.org/I186143895"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5046998111","display_name":"Mooi Choo Chuah","orcid":"https://orcid.org/0000-0002-0117-0621"},"institutions":[{"id":"https://openalex.org/I186143895","display_name":"Lehigh University","ror":"https://ror.org/012afjb06","country_code":"US","type":"education","lineage":["https://openalex.org/I186143895"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Mooi Choo Chuah","raw_affiliation_strings":["Department of Computer Science and Engineering, Lehigh University, Bethlehem, PA, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Computer Science and Engineering, Lehigh University, Bethlehem, PA, USA","institution_ids":["https://openalex.org/I186143895"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I186143895"],"apc_list":null,"apc_paid":null,"fwci":1.4256,"has_fulltext":false,"cited_by_count":14,"citation_normalized_percentile":{"value":0.83685989,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"9","issue":"3","first_page":"1953","last_page":"1963"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10603","display_name":"Smart Grid Energy Management","score":1.0,"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":1.0,"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/T10424","display_name":"Electric Power System Optimization","score":0.9972000122070312,"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":0.9930999875068665,"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/news-aggregator","display_name":"News aggregator","score":0.9261699914932251},{"id":"https://openalex.org/keywords/minimax","display_name":"Minimax","score":0.7406659126281738},{"id":"https://openalex.org/keywords/pooling","display_name":"Pooling","score":0.6873898506164551},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.5607635974884033},{"id":"https://openalex.org/keywords/demand-response","display_name":"Demand response","score":0.5606078505516052},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.5022439956665039},{"id":"https://openalex.org/keywords/energy-market","display_name":"Energy market","score":0.4661523103713989},{"id":"https://openalex.org/keywords/energy-consumption","display_name":"Energy consumption","score":0.4213165044784546},{"id":"https://openalex.org/keywords/sensitivity","display_name":"Sensitivity (control systems)","score":0.4200742244720459},{"id":"https://openalex.org/keywords/electricity","display_name":"Electricity","score":0.3724321126937866},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.2580134868621826},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.1421235203742981}],"concepts":[{"id":"https://openalex.org/C180505990","wikidata":"https://www.wikidata.org/wiki/Q498267","display_name":"News aggregator","level":2,"score":0.9261699914932251},{"id":"https://openalex.org/C149728462","wikidata":"https://www.wikidata.org/wiki/Q751319","display_name":"Minimax","level":2,"score":0.7406659126281738},{"id":"https://openalex.org/C70437156","wikidata":"https://www.wikidata.org/wiki/Q7228652","display_name":"Pooling","level":2,"score":0.6873898506164551},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.5607635974884033},{"id":"https://openalex.org/C2779438525","wikidata":"https://www.wikidata.org/wiki/Q5255048","display_name":"Demand response","level":3,"score":0.5606078505516052},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.5022439956665039},{"id":"https://openalex.org/C2776849302","wikidata":"https://www.wikidata.org/wiki/Q1239166","display_name":"Energy market","level":3,"score":0.4661523103713989},{"id":"https://openalex.org/C2780165032","wikidata":"https://www.wikidata.org/wiki/Q16869822","display_name":"Energy consumption","level":2,"score":0.4213165044784546},{"id":"https://openalex.org/C21200559","wikidata":"https://www.wikidata.org/wiki/Q7451068","display_name":"Sensitivity (control systems)","level":2,"score":0.4200742244720459},{"id":"https://openalex.org/C206658404","wikidata":"https://www.wikidata.org/wiki/Q12725","display_name":"Electricity","level":2,"score":0.3724321126937866},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.2580134868621826},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.1421235203742981},{"id":"https://openalex.org/C24326235","wikidata":"https://www.wikidata.org/wiki/Q126095","display_name":"Electronic engineering","level":1,"score":0.0},{"id":"https://openalex.org/C111919701","wikidata":"https://www.wikidata.org/wiki/Q9135","display_name":"Operating system","level":1,"score":0.0},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","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/tsg.2016.2602870","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tsg.2016.2602870","pdf_url":null,"source":{"id":"https://openalex.org/S59604973","display_name":"IEEE Transactions on Smart Grid","issn_l":"1949-3053","issn":["1949-3053","1949-3061"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Transactions on Smart Grid","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.8199999928474426,"id":"https://metadata.un.org/sdg/7","display_name":"Affordable and clean energy"}],"awards":[],"funders":[{"id":"https://openalex.org/F4320306084","display_name":"U.S. Department of Energy","ror":"https://ror.org/01bj3aw27"},{"id":"https://openalex.org/F4320322243","display_name":"Iran National Science Foundation","ror":"https://ror.org/03sr1ma14"},{"id":"https://openalex.org/F4320332180","display_name":"Defense Advanced Research Projects Agency","ror":"https://ror.org/02caytj08"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":49,"referenced_works":["https://openalex.org/W96664562","https://openalex.org/W1512237903","https://openalex.org/W1517870620","https://openalex.org/W1599074611","https://openalex.org/W1604040248","https://openalex.org/W1969596294","https://openalex.org/W1981592190","https://openalex.org/W1985930142","https://openalex.org/W1997001817","https://openalex.org/W1997898472","https://openalex.org/W2020809274","https://openalex.org/W2026301025","https://openalex.org/W2046673941","https://openalex.org/W2055755269","https://openalex.org/W2064321138","https://openalex.org/W2065686820","https://openalex.org/W2072230340","https://openalex.org/W2074376561","https://openalex.org/W2082437898","https://openalex.org/W2084502662","https://openalex.org/W2084648153","https://openalex.org/W2095205519","https://openalex.org/W2100564073","https://openalex.org/W2100872797","https://openalex.org/W2116191552","https://openalex.org/W2124659975","https://openalex.org/W2131512356","https://openalex.org/W2137630387","https://openalex.org/W2157870248","https://openalex.org/W2164466478","https://openalex.org/W2166063259","https://openalex.org/W2167339036","https://openalex.org/W2167374930","https://openalex.org/W2171632535","https://openalex.org/W2177041789","https://openalex.org/W2221057512","https://openalex.org/W2254218369","https://openalex.org/W2291648817","https://openalex.org/W2409099287","https://openalex.org/W3122240573","https://openalex.org/W3124486735","https://openalex.org/W3146844854","https://openalex.org/W4256439778","https://openalex.org/W6635920331","https://openalex.org/W6636219503","https://openalex.org/W6671103489","https://openalex.org/W6683926693","https://openalex.org/W6688696222","https://openalex.org/W6713858258"],"related_works":["https://openalex.org/W3046697705","https://openalex.org/W3093688972","https://openalex.org/W4226431440","https://openalex.org/W4214604859","https://openalex.org/W3012323502","https://openalex.org/W2784220452","https://openalex.org/W2906194504","https://openalex.org/W2782371480","https://openalex.org/W3005701630","https://openalex.org/W3120091246"],"abstract_inverted_index":{"This":[0],"paper":[1],"introduces":[2],"a":[3,50,57,150,189,200],"novel":[4],"electricity":[5],"retail":[6],"pricing":[7,186],"scheme":[8,41,177],"we":[9,194],"designate":[10],"generalized":[11],"minimax":[12],"(GenMinimax).":[13],"GenMinimax":[14],"is":[15,38,42],"characterized":[16],"by":[17,113],"three":[18],"rate":[19,37,106],"zones":[20,107],"with":[21,146,204],"the":[22,25,31,35,46,70,86,91,95,117,129,132,136,141,147,160,173],"narrowest":[23],"in":[24,69,120],"middle,":[26],"called":[27],"threshold":[28,47],"band,":[29],"constituting":[30],"attraction":[32],"zone":[33],"where":[34],"lowest":[36],"charged.":[39],"The":[40,76,109],"designed":[43],"so":[44],"that":[45,179,196],"band":[48],"envelops":[49],"negotiated":[51],"reference":[52],"consumption":[53],"profile.":[54],"We":[55,139,155,171],"consider":[56],"cooperative":[58],"group":[59,93,111],"of":[60,128,175,180],"customers":[61],"pooling":[62],"together":[63],"their":[64,124],"flexible":[65,118],"loads":[66,119],"and":[67,94,100,102,105,115,135,144,168,183,208,214,221,225,227],"participating":[68],"energy":[71,96,130,192],"market":[72],"via":[73],"an":[74,79],"aggregator.":[75],"aggregator":[77,148],"computes":[78],"optimal":[80],"daily":[81,88,125],"profile":[82,203],"taking":[83],"into":[84],"account":[85],"gross":[87],"demand":[89],"from":[90],"consumer":[92,110],"market's":[97],"expected":[98],"conditions":[99],"opportunities,":[101],"assigns":[103],"prices":[104],"accordingly.":[108],"reacts":[112],"deferring":[114],"curtailing":[116],"order":[121],"to":[122,178,219],"minimize":[123],"cost":[126],"consisting":[127],"bill,":[131],"utility":[133],"cost,":[134],"curtailment":[137],"reward.":[138],"model":[140],"consumers'":[142],"response":[143],"interaction":[145],"as":[149],"two-stage":[151],"sequential":[152],"optimization":[153],"problem.":[154],"perform":[156],"sensitivity":[157],"analysis":[158],"over":[159],"most":[161],"significant":[162],"parameter":[163],"combinations":[164],"through":[165],"two":[166],"scenarios":[167],"five":[169],"cases.":[170],"compare":[172],"performance":[174],"our":[176],"time-of-use":[181],"(TOU)":[182],"real":[184],"time":[185],"(RTP).":[187],"Using":[188],"40-home":[190],"aggregate":[191],"profile,":[193],"show":[195],"consumers":[197],"can":[198,216],"match":[199],"test":[201],"supply":[202],"5%":[205],"maximum":[206,223],"error":[207,211],"2%":[209],"average":[210,229],"while":[212],"TOU":[213],"RTP":[215],"lead,":[217],"respectively,":[218],"163%":[220],"97%":[222],"error,":[224],"37%":[226],"25%":[228],"error.":[230]},"counts_by_year":[{"year":2024,"cited_by_count":2},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":4},{"year":2018,"cited_by_count":3},{"year":2017,"cited_by_count":1}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}