Open AccessA framework for real‐time emissions trading in large‐scale vehicle fleets
Author(s) -
Häusler Florian,
Faizrahnemoon Mahsa,
Crisostomi Emanuele,
Schlote Arieh,
Radusch Ilja,
Shorten Robert
Publication year - 2015
Publication title -
iet intelligent transport systems
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.579
H-Index - 45
eISSN - 1751-9578
pISSN - 1751-956X
DOI - 10.1049/iet-its.2013.0153
Subject(s) - scale (ratio) , computer science , operations research , mathematical optimization , engineering , mathematics , quantum mechanics , physics
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.