Solving dynamic economic models that capture salient real-world heterogeneity and non-linearity requires the approximation of high-dimensional functions. As their dimensionality increases, compute time and storage requirements grow exponentially. Sparse grids alleviate this curse of...

This conceptual article seeks to integrate blockchain into current theory on the governance of inter-organizational exchanges within business networks. It is posited that a blockchain governance structure comprised of administrative, platform, and application level mechanisms represents a...

As climate change sharpens the focus on our electricity systems, there is widespread agreement that the institutions that govern our electric grid must change to realize a clean energy future in the timescale necessary. Scholars are actively debating how grid governance needs to change, but in...

This paper addresses the issue of optimal day-ahead scheduling of a plug-in electric vehicles (PEVs) aggregator that participates in the electricity market and offers an out-of-market balancing service to the local renewable power penetrated distribution system in a snow-prone area. The proposed...

A smart grid is an electrical grid which includes a variety of operation and energy measures including smart meters, smart appliances, renewable energy resources, and energy efficient resources. Electronic power conditioning and control of the production and distribution of electricity are...

This paper develops a bi-level optimization model for voluntary demand-side flexibility. The Distribution System Operator, in the Upper Level, maximizes welfare by investing in the network and setting the flexibility compensation. Consumers, in the Lower Level, can be prosumers and commercial...

The heterogeneous and decentralized nature of renewable energy sources is too much to handle for traditional and centralized IT grid infrastructure. Blockchain technology can address many of the associated challenges. This paper provides an overview of the state-of-the-art technology layers of...