Efficiency and Fairness Optimization in Energy Management

The paper proposes a solution to the problem of distributing electricity originating from various sources. In the proposed model, each source has a different cost of acquisition and is characterized by varying energy efficiency factors. Additionally, in the case of renewable sources, the costs of storing energy are taken into consideration as well. This work presents a fair and cost-efficient approach to distributing the demands of energy providers. A model has been developed and verified for the purpose of corroborating the process.