Multi-criteria Decision Making for Smart Grid Design and Operation

The book is dedicated to the implementation of different multi-criteria decision-making techniques for various problems concerning planning and operation of the smart grid from the Society 5.0 perspective. It consists of a practical explanation of several multi-criteria approaches and examples of their application to real problems. In this book, the choice of the optimal smart grid strategy in planning and operation is made. Various areas of smart grid problems are analyzed, from the smart grid project efficiency assessment to the electric vehicle charging schedule optimization. The comparison of alternatives is made using different techniques taking into account the presence of multiple criteria of both qualitative and quantitative nature, different performance indicators, and the uncertain environment of the smart grid.

The book outlines in clear terms how the electricity grid can be modernized in such a way that it monitors, protects, and automatically optimizes the operation of its interconnected elements, taking into account different stakeholders and criteria and society in general. The book covers various smart grid aspects—from the distributed generator through the medium-voltage network and distribution system, to energy storage installations and to end-use consumers and their thermostats, electric vehicles, appliances, and other household devices. The book serves as a practical guide for researchers, energy and utility professionals, power system planners, regulators, policymakers, and others in the field.