Dynamic coordinated maintenance of wind-farms with risk-averse agents under CVaR criterion. (December 2022)

• Record Type: Journal Article
• Authors: Ramirez, Stefanny; Bauso, Dario
• Is Part Of: Automatica. Volume 146(2022)
• Publication Date: 2022-12
• Subjects: Coordination game -- Inventory control -- TU coalitional games -- Uncertain dynamics; Automatic control -- Periodicals; Automation -- Periodicals; 629.805
• DOI: 10.1016/j.automatica.2022.110568
• Languages: English
• ISSNs: 0005-1098

Abstract

Abstract: We study a coordinated maintenance problem for multi-turbine offshore wind-farms. The deterioration of the turbines follows a Poisson process and the optimal order quantity for a single wind-farm, as well as for a coalition of wind-farms, is obtained using the analogy with the risk-averse newsvendor model considering the conditional value at risk (CVaR) criterion. We apply the theory of robust dynamic coalitional games to design a stable allocation mechanism that distributes the cost of the coalition among all the participants in a fair and stable way.