Physical Sciences and Mathematics Commons^™

Logistics Planning: Putting Math To Work In A Business Setting, Michael C. Hannan

Senior Projects Spring 2023

The optimization of business procedures benefits all aspects of the product. Maximizing efficiency can lead to more profits for the business, cheaper products for the consumer, and less fuel consumption for the environment. Tracing the history of optimization, we can see that people have always strived for the most efficient way to allocate scarce resources. However, the field of optimization did not blossom until innovations in mathematics allowed us to solve a majority of real world problems. The discovery of linear and nonlinear programming in the 1940s allowed us to optimize problems that were unsolvable before. This paper introduces how …

Peer-To-Peer Energy Trading In Smart Residential Environment With User Behavioral Modeling, Ashutosh Timilsina

Theses and Dissertations--Computer Science

Electric power systems are transforming from a centralized unidirectional market to a decentralized open market. With this shift, the end-users have the possibility to actively participate in local energy exchanges, with or without the involvement of the main grid. Rapidly reducing prices for Renewable Energy Technologies (RETs), supported by their ease of installation and operation, with the facilitation of Electric Vehicles (EV) and Smart Grid (SG) technologies to make bidirectional flow of energy possible, has contributed to this changing landscape in the distribution side of the traditional power grid.

Trading energy among users in a decentralized fashion has been referred …