Practical applications of multi-agent systems in electric power systems

The transformation of energy networks from passive to active systems requires the embedding of intelligence within the network. One suitable approach to integrating distributed intelligent systems is multi-agent systems technology, where components of functionality run as autonomous agents capable of interaction through messaging. This provides loose coupling between components that can benefit the complex systems envisioned for the smart grid. This paper reviews the key milestones of demonstrated agent systems in the power industry and considers which aspects of agent design must still be addressed for widespread application of agent technology to occur

The challenge of complexity for cognitive systems

Complex cognition addresses research on (a) high-level cognitive processes – mainly problem solving, reasoning, and decision making – and their interaction with more basic processes such as perception, learning, motivation and emotion and (b) cognitive processes which take place in a complex, typically dynamic, environment. Our focus is on AI systems and cognitive models dealing with complexity and on psychological findings which can inspire or challenge cognitive systems research. In this overview we first motivate why we have to go beyond models for rather simple cognitive processes and reductionist experiments. Afterwards, we give a characterization of complexity from our perspective. We introduce the triad of cognitive science methods – analytical, empirical, and engineering methods – which in our opinion have all to be utilized to tackle complex cognition. Afterwards we highlight three aspects of complex cognition – complex problem solving, dynamic decision making, and learning of concepts, skills and strategies. We conclude with some reflections about and challenges for future research

mt5se: An Open Source Framework for Building Autonomous Traders

Autonomous trading robots have been studied in artificial intelligence area for quite some time. Many AI techniques have been tested for building autonomous agents able to trade financial assets. These initiatives include traditional neural networks, fuzzy logic, reinforcement learning but also more recent approaches like deep neural networks and deep reinforcement learning. Many developers claim to be successful in creating robots with great performance when simulating execution with historical price series, so called backtesting. However, when these robots are used in real markets frequently they present poor performance in terms of risks and return. In this paper, we propose an open source framework, called mt5se, that helps the development, backtesting, live testing and real operation of autonomous traders. We built and tested several traders using mt5se. The results indicate that it may help the development of better traders. Furthermore, we discuss the simple architecture that is used in many studies and propose an alternative multiagent architecture. Such architecture separates two main concerns for portfolio manager (PM) : price prediction and capital allocation. More than achieve a high accuracy, a PM should increase profits when it is right and reduce loss when it is wrong. Furthermore, price prediction is highly dependent of asset's nature and history, while capital allocation is dependent only on analyst's prediction performance and assets' correlation. Finally, we discuss some promising technologies in the area.Comment: This paper replaces an old version of the framework, called mt5b3, which is now deprecate

Toward digital twins for sawmill production planning and control : benefits, opportunities and challenges

Sawmills are key elements of the forest product industry supply chain, and they play important economic, social, and environmental roles. Sawmill production planning and control are, however, challenging owing to severalfactors, including, but not limited to, the heterogeneity of the raw material. The emerging concept of digital twins introduced in the context of Industry 4.0 has generated high interest and has been studied in a variety of domains, including production planning and control. In this paper, we investigate the benefits digital twins would bring to the sawmill industry via a literature review on the wider subject of sawmill production planning and control. Opportunities facilitating their implementation, as well as ongoing challenges from both academic and industrial perspectives, are also studied

A deep tech architecture for intelligent IoT systems

[EN]The increase in the number of connected devices on the Internet of Things (IoT), interactions and the amount of data raises a number of issues. Two major problems are limitations in terms of network latency and bandwidth. While cloud-based infrastructures give us access to scalable, on-demand storage and processing services that can scale to the requirements of the Internet of Things (IoT), these centralized resources can create unacceptable delays and performance problems for devices that have latency-sensitive applications, such as health monitoring and emergency response applications. This article has been created for the PhD thesis that aims to create a deep tech architecture for intelligent IoT systems