{"id":"https://openalex.org/W2556833011","doi":"https://doi.org/10.1109/tsg.2017.2700458","title":"Risk-Sensitive Learning and Pricing for Demand Response","display_name":"Risk-Sensitive Learning and Pricing for Demand Response","publication_year":2017,"publication_date":"2017-05-02","ids":{"openalex":"https://openalex.org/W2556833011","doi":"https://doi.org/10.1109/tsg.2017.2700458","mag":"2556833011"},"language":"en","primary_location":{"id":"doi:10.1109/tsg.2017.2700458","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tsg.2017.2700458","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":"preprint","indexed_in":["arxiv","crossref","datacite"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://arxiv.org/pdf/1611.07098","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5071727493","display_name":"Kia Khezeli","orcid":"https://orcid.org/0000-0002-1982-9391"},"institutions":[{"id":"https://openalex.org/I205783295","display_name":"Cornell University","ror":"https://ror.org/05bnh6r87","country_code":"US","type":"education","lineage":["https://openalex.org/I205783295"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Kia Khezeli","raw_affiliation_strings":["School of Electrical and Computer Engineering, Cornell University, Ithaca, NY, USA","School of Electrical and Computer Engineering Cornell University Ithaca, NY USA"],"affiliations":[{"raw_affiliation_string":"School of Electrical and Computer Engineering, Cornell University, Ithaca, NY, USA","institution_ids":["https://openalex.org/I205783295"]},{"raw_affiliation_string":"School of Electrical and Computer Engineering Cornell University Ithaca, NY USA","institution_ids":["https://openalex.org/I205783295"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5071680590","display_name":"Eilyan Bitar","orcid":"https://orcid.org/0000-0002-5659-5969"},"institutions":[{"id":"https://openalex.org/I205783295","display_name":"Cornell University","ror":"https://ror.org/05bnh6r87","country_code":"US","type":"education","lineage":["https://openalex.org/I205783295"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Eilyan Bitar","raw_affiliation_strings":["School of Electrical and Computer Engineering, Cornell University, Ithaca, NY, USA","School of Electrical and Computer Engineering Cornell University Ithaca, NY USA"],"affiliations":[{"raw_affiliation_string":"School of Electrical and Computer Engineering, Cornell University, Ithaca, NY, USA","institution_ids":["https://openalex.org/I205783295"]},{"raw_affiliation_string":"School of Electrical and Computer Engineering Cornell University Ithaca, NY USA","institution_ids":["https://openalex.org/I205783295"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5071727493"],"corresponding_institution_ids":["https://openalex.org/I205783295"],"apc_list":null,"apc_paid":null,"fwci":0.2921,"has_fulltext":false,"cited_by_count":3,"citation_normalized_percentile":{"value":0.57337299,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":94},"biblio":{"volume":"9","issue":"6","first_page":"6000","last_page":"6007"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10603","display_name":"Smart Grid Energy Management","score":0.9962000250816345,"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":0.9962000250816345,"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/T12101","display_name":"Advanced Bandit Algorithms Research","score":0.968500018119812,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10424","display_name":"Electric Power System Optimization","score":0.9539999961853027,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.636446475982666},{"id":"https://openalex.org/keywords/demand-response","display_name":"Demand response","score":0.6009743809700012},{"id":"https://openalex.org/keywords/stochastic-game","display_name":"Stochastic game","score":0.5629791021347046},{"id":"https://openalex.org/keywords/demand-curve","display_name":"Demand curve","score":0.5463722944259644},{"id":"https://openalex.org/keywords/consumption","display_name":"Consumption (sociology)","score":0.5326687097549438},{"id":"https://openalex.org/keywords/unobservable","display_name":"Unobservable","score":0.5014755725860596},{"id":"https://openalex.org/keywords/order","display_name":"Order (exchange)","score":0.476762592792511},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.4574969410896301},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.45546823740005493},{"id":"https://openalex.org/keywords/electricity","display_name":"Electricity","score":0.3044775724411011}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.636446475982666},{"id":"https://openalex.org/C2779438525","wikidata":"https://www.wikidata.org/wiki/Q5255048","display_name":"Demand response","level":3,"score":0.6009743809700012},{"id":"https://openalex.org/C22171661","wikidata":"https://www.wikidata.org/wiki/Q1074380","display_name":"Stochastic game","level":2,"score":0.5629791021347046},{"id":"https://openalex.org/C176398731","wikidata":"https://www.wikidata.org/wiki/Q8981416","display_name":"Demand curve","level":2,"score":0.5463722944259644},{"id":"https://openalex.org/C30772137","wikidata":"https://www.wikidata.org/wiki/Q5164762","display_name":"Consumption (sociology)","level":2,"score":0.5326687097549438},{"id":"https://openalex.org/C2780695315","wikidata":"https://www.wikidata.org/wiki/Q3799040","display_name":"Unobservable","level":2,"score":0.5014755725860596},{"id":"https://openalex.org/C182306322","wikidata":"https://www.wikidata.org/wiki/Q1779371","display_name":"Order (exchange)","level":2,"score":0.476762592792511},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.4574969410896301},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.45546823740005493},{"id":"https://openalex.org/C206658404","wikidata":"https://www.wikidata.org/wiki/Q12725","display_name":"Electricity","level":2,"score":0.3044775724411011},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.0},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"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":5,"locations":[{"id":"doi:10.1109/tsg.2017.2700458","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tsg.2017.2700458","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"},{"id":"pmh:oai:arXiv.org:1611.07098","is_oa":true,"landing_page_url":"http://arxiv.org/abs/1611.07098","pdf_url":"https://arxiv.org/pdf/1611.07098","source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"text"},{"id":"mag:2556833011","is_oa":true,"landing_page_url":"https://arxiv.org/pdf/1611.07098.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"arXiv (Cornell University)","raw_type":null},{"id":"doi:10.48550/arxiv.1611.07098","is_oa":true,"landing_page_url":"https://doi.org/10.48550/arxiv.1611.07098","pdf_url":null,"source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":null,"raw_source_name":null,"raw_type":"article"},{"id":"doi:10.57702/6jpvp9y7","is_oa":true,"landing_page_url":"https://doi.org/10.57702/6jpvp9y7","pdf_url":null,"source":{"id":"https://openalex.org/S7407053387","display_name":"TIB Data Manager","issn_l":null,"issn":[],"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":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":null,"raw_source_name":null,"raw_type":"dataset"}],"best_oa_location":{"id":"pmh:oai:arXiv.org:1611.07098","is_oa":true,"landing_page_url":"http://arxiv.org/abs/1611.07098","pdf_url":"https://arxiv.org/pdf/1611.07098","source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"text"},"sustainable_development_goals":[{"score":0.6499999761581421,"display_name":"Affordable and clean energy","id":"https://metadata.un.org/sdg/7"}],"awards":[{"id":"https://openalex.org/G2600827254","display_name":null,"funder_award_id":"ECCS-1351621","funder_id":"https://openalex.org/F4320306076","funder_display_name":"National Science Foundation"},{"id":"https://openalex.org/G6786663224","display_name":null,"funder_award_id":"IIP-1632124","funder_id":"https://openalex.org/F4320306076","funder_display_name":"National Science Foundation"},{"id":"https://openalex.org/G8452398117","display_name":null,"funder_award_id":"CNS-1239178","funder_id":"https://openalex.org/F4320306076","funder_display_name":"National Science Foundation"}],"funders":[{"id":"https://openalex.org/F4320306076","display_name":"National Science Foundation","ror":"https://ror.org/021nxhr62"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":29,"referenced_works":["https://openalex.org/W1964494611","https://openalex.org/W1977951988","https://openalex.org/W1992692919","https://openalex.org/W2006728213","https://openalex.org/W2009397151","https://openalex.org/W2012160694","https://openalex.org/W2015555034","https://openalex.org/W2025533349","https://openalex.org/W2027335246","https://openalex.org/W2053051064","https://openalex.org/W2058626062","https://openalex.org/W2068060907","https://openalex.org/W2068703280","https://openalex.org/W2070943014","https://openalex.org/W2071205284","https://openalex.org/W2086120035","https://openalex.org/W2086472958","https://openalex.org/W2144007493","https://openalex.org/W2161509455","https://openalex.org/W2505509158","https://openalex.org/W2550393554","https://openalex.org/W2963599317","https://openalex.org/W2963666015","https://openalex.org/W3121669035","https://openalex.org/W3122984207","https://openalex.org/W3123482145","https://openalex.org/W6652348289","https://openalex.org/W6686899496","https://openalex.org/W6730574978"],"related_works":["https://openalex.org/W2563540526","https://openalex.org/W2983578070","https://openalex.org/W1597084931","https://openalex.org/W2140001998","https://openalex.org/W1927141173","https://openalex.org/W1015575485","https://openalex.org/W1527146184","https://openalex.org/W3123030724","https://openalex.org/W3137863096","https://openalex.org/W2161825044","https://openalex.org/W2242305619","https://openalex.org/W3122850307","https://openalex.org/W3108732015","https://openalex.org/W3036428737","https://openalex.org/W2069057659","https://openalex.org/W2340807402","https://openalex.org/W1592604885","https://openalex.org/W1980940178","https://openalex.org/W2186054041","https://openalex.org/W2612541213"],"abstract_inverted_index":{"We":[0],"consider":[1],"the":[2,42,50,67,70,74,77,84,88,92,119,128,131,135,182,187,202,207],"setting":[3],"in":[4,29,45,47,206],"which":[5,40,91,156],"an":[6,161,176],"electric":[7],"power":[8],"utility":[9,93,120],"seeks":[10],"to":[11,32,49,55,60,83,90,100,115,126,133,159,175,193,201],"curtail":[12],"its":[13,97,102,123,142],"peak":[14],"electricity":[15],"demand":[16,38,71,137,184],"by":[17],"offering":[18],"a":[19,24,107,153,195],"fixed":[20],"group":[21],"of":[22,69,76,110,197],"customers":[23],"uniform":[25],"price":[26],"for":[27],"reductions":[28],"consumption":[30,46],"relative":[31,174],"their":[33],"predetermined":[34],"baselines.":[35],"The":[36],"underlying":[37,183],"curve,":[39],"describes":[41],"aggregate":[43],"reduction":[44],"response":[48],"offered":[51,98],"price,":[52],"is":[53,157,169,191],"assumed":[54],"be":[56],"affine":[57],"and":[58,73,140],"subject":[59],"unobservable":[61],"random":[62,78],"shocks.":[63],"Assuming":[64],"that":[65,168,180,199],"both":[66],"parameters":[68],"curve":[72],"distribution":[75],"shocks":[79],"are":[80],"initially":[81],"unknown":[82,136],"utility,":[85],"we":[86,150],"investigate":[87],"extent":[89],"might":[94],"dynamically":[95],"adjust":[96],"prices":[99,198,205],"maximize":[101,141],"cumulative":[103],"risk-sensitive":[104],"payoff":[105,143,163],"over":[106,145,165],"finite":[108],"number":[109],"T":[111,166],"days.":[112],"In":[113,147],"order":[114],"do":[116],"so":[117],"effectively,":[118],"must":[121],"design":[122],"pricing":[124,154,178,189],"policy":[125,179,190],"balance":[127],"tradeoff":[129],"between":[130],"need":[132],"learn":[134],"model":[138],"(exploration)":[139],"(exploitation)":[144],"time.":[146],"this":[148],"paper,":[149],"propose":[151],"such":[152],"policy,":[155],"shown":[158,192],"exhibit":[160],"expected":[162],"loss":[164],"days":[167],"at":[170],"most":[171],"O(\u221aT":[172],"log(T)),":[173],"oracle":[177,203],"knows":[181],"model.":[185],"Moreover,":[186],"proposed":[188],"yield":[194],"sequence":[196],"converge":[200],"optimal":[204],"mean":[208],"square":[209],"sense.":[210]},"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2017,"cited_by_count":1}],"updated_date":"2026-04-09T08:11:56.329763","created_date":"2016-11-30T00:00:00"}
