IDEAS home Printed from https://ideas.repec.org/h/spr/isochp/978-3-030-74644-5_7.html
   My bibliography  Save this book chapter

Utilization of Consumer Appliances in Smart Grid Services for Coordination with Renewable Energy Sources

In: Introduction to Internet of Things in Management Science and Operations Research

Author

Listed:
  • Miloš Radenković

    (Union University)

  • Zorica Bogdanović

    (University of Belgrade)

  • Snežana Popović

    (Union University)

  • Marijana Despotović-Zrakić

    (University of Belgrade)

  • Aleksandra Labus

    (University of Belgrade)

Abstract

The chapter presents an innovative model for increasing consumer participation in smart grid electricity markets. The goal of the research is twofold. Firstly, we aim to develop business models that offer a potential solution to the unpredictable output of solar and wind power plants. The model assumes consumers’ positive attitudes toward green energy and allows them to take an active role in lessening the unpredictability of renewables by offering their household devices in smart grid services. Secondly, we aim to design an IoT infrastructure for the realization of the proposed model based on smart plugs working within a blockchain environment. The software component is extended with a collaborative blockchain-based loyalty scheme with the goal of allowing further consumer incentives. The proposed model has been evaluated through a pilot study of consumer’ attitudes and expected acceptance of in the context of a smart grid in Serbia.

Suggested Citation

  • Miloš Radenković & Zorica Bogdanović & Snežana Popović & Marijana Despotović-Zrakić & Aleksandra Labus, 2021. "Utilization of Consumer Appliances in Smart Grid Services for Coordination with Renewable Energy Sources," International Series in Operations Research & Management Science, in: Fausto Pedro García Márquez & Benjamin Lev (ed.), Introduction to Internet of Things in Management Science and Operations Research, pages 147-167, Springer.
    • Handle: RePEc:spr:isochp:978-3-030-74644-5_7
    DOI: 10.1007/978-3-030-74644-5_7
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:isochp:978-3-030-74644-5_7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.