Developing an Algorithm to Consider Mutliple Demand Response Objectives

Due to technological improvement and changing environment, energy grids face various challenges, which, for example, deal with integrating new appliances such as electric vehicles and photovoltaic. Managing such grids has become increasingly important for research and practice, since, for example, grid reliability and cost benefits are endangered. Demand response (DR) is one possibility to contribute to this crucial task by shifting and managing energy loads in particular. Realizing DR thereby can address multiple objectives (such as cost savings, peak load reduction and flattening the load profile) to obtain various goals. However, current research lacks algorithms that address multiple DR objectives sufficiently. This paper aims to design a multi-objective DR optimization algorithm and to purpose a solution strategy. We therefore first investigate the research field and existing solutions, and then design an algorithm suitable for taking multiple objectives into account. The algorithm has a predictable runtime and guarantees termination

A Formal Basis for Business Model Evaluation with Linguistic Summaries:(Work-in-progress paper)

Given its essential role in understanding, explaining and structuring digital innovation, we see the increased prevalence of the business model concept as a unit of analysis in IS research. In contemporary, fast-paced markets, business models are volatile in nature and should be continuously innovated to accommodate new customer needs and technology developments. Business model innovation can be considered as an iterative process to guide business models from ideation towards implementation, in which the proper evaluation of business model prototypes is essential. For this evaluation, we need normative guidance, tools and rules to understand the relative performance of a new business model design. In the early design phases, this implies dealing with high levels of uncertainty. A few techniques and methods have been proposed for this purpose, but these lack the formal basis required for systematical application and development of automated evaluation tools. As a novel approach, we have earlier proposed the application of linguistic summarization to support early-phase, soft-quantitative business model evaluation. In this paper, we focus on a structural formalization of this approach as the basis for the development of well-defined user guidelines and automated evaluation tools. In doing so, we bridge the existing gap between qualitative and quantitative business model evaluation. We demonstrate the formalization by means of a running case inspired by a real-world project in the highly dynamic urban mobility domain