Evaluation of this approach using a state-of-the-art commercial solver with stochastic EV rental requests under different confidence levels and time-varying electricity prices demonstrates significant benefits of the integrated mechanism design, including a reduction in charging costs and battery capacity degradation compared to the prevailing business-as-usual (BAU) approach and state of the art Laxity-based charging (LC) approach.
Abstract
This study introduces a unified control mechanism for integrated charging and service allocation of Mobility-on-Demand Electric Vehicles (MoD-EVs) operating under a flexible A-to-B rental model. The charging operation of MoD-EVs is influenced by stochastic customer rental requests and time-varying electricity prices. The framework captures the nonlinear battery dynamics and optimizes the charging operations against dynamic electricity prices and to meet stochastic customer demand while prioritizing battery health and cost efficiency. To address the computational challenges posed by the nonlinear battery dynamics, the framework employs a piece-wise linear model integrated into a multi-objective, chance-constrained mixed-integer linear programming (MILP) Model Predictive Control (MPC) formulation. A mixed logical switching mechanism is utilized to determine optimal charging sequences. Furthermore, a distributed approach is implemented to ensure computational scalability compared to centralized alternatives. Evaluation of this approach using a state-of-the-art commercial solver with stochastic EV rental requests under different confidence levels and time-varying electricity prices demonstrates significant benefits of the integrated mechanism design, including a reduction in charging costs and battery capacity degradation compared to the prevailing business-as-usual (BAU) approach and state of the art Laxity-based charging (LC) approach.
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