In this study a framework for the real‐time trading of budgeted emission rights between a fleet of participating vehicles is presented. The trading problem is formulated as a utility maximisation or as a utility fairness problem, which can be solved in real time either in a centralised or in a distributed manner. In both cases, the authors illustrate the basic issues that arise when such a framework is realised in practice, and they show the efficacy of the approaches by providing several simulation examples and a realistic case study.
A framework for real‐time emissions trading in large‐scale vehicle fleets
IET Intelligent Transport Systems ; 9 , 3 ; 275-284
2015-04-01
10 pages
Article (Journal)
Electronic Resource
English
utility maximisation , large‐scale vehicle fleets , participating vehicle fleet , budgeted emission rights , hybrid electric vehicles , real‐time trading , air pollution , environmental economics , utility theory , real‐time emission trading , utility fairness problem , optimisation , plug‐in hybrid electric vehicles
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Elsevier | 2021
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