Fair Allocation of Energy and Power using Shapley Value to Reduce Deficit in Regions of Indian Grid

摘要

Objectives: The paper aims at reducing the power and energy deficit in various regions of India. Methods: A game theory based mathematical model performs the allocation called Shapley value, which does the fair allocation of power and energy in order to reduce the maximum deficit in a particular region. Findings: The simulation results confirm the distribution is fair enough in reducing the overall deficit percentage in all regions. Applications: The work can be integrated with the grid and further extensions to the next level are possible.