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arXiv · 2410.05538

Online Dynamic Pricing for Electric Vehicle Charging Stations with Reservations

Jan Mrkos·Antonín Komenda·David Fiedler·Jiří Vokřínek
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Abstract

This paper introduces a novel model for online dynamic pricing of electric vehicle charging services that integrates reservation, parking, and charging into a comprehensive bundle priced as a whole. Our approach focuses on the individual high-demand, fast-charging location, employing a Poisson process as a model of charging reservation arrivals, and develops an online dynamic pricing strategy optimized through a Markov Decision Process (MDP). A key contribution is the novel analysis of discretization error introduced when incorporating the continuous-time Poisson process into the discrete MDP framework. The MDP model's feasibility is demonstrated with a heuristic dynamic pricing method based on Monte-Carlo tree search, offering a viable path for real-world applications.

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Jan Mrkos, Antonín Komenda, David Fiedler, Jiří Vokřínek. 2024-10-07. Online Dynamic Pricing for Electric Vehicle Charging Stations with Reservations. https://arxiv.org/abs/2410.05538

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