An original look from a microeconomic perspective for power system optimization and its application to electricity markets Presents a new and systematic viewpoint for power system optimization inspired by microeconomics and game theory A timely and important advanced reference with the fast growth of smart grids Professor Chen is a pioneer of applying experimental economics to the electricity market trading mechanism, and this work brings together the latest research A companion website is available Edit

The Industrial Electronics Handbook, Second Edition, Industrial Communications Systems combines traditional and newer, more specialized knowledge that helps industrial electronics engineers develop practical solutions for the design and implementation of high-power applications. Embracing the broad technological scope of the field, this collection explores fundamental areas, including analog and digital circuits, electronics, electromagnetic machines, signal processing, and industrial control and communications systems. It also facilitates the use of intelligent systems—such as neural networks, fuzzy systems, and evolutionary methods—in terms of a hierarchical structure that makes factory control and supervision more efficient by addressing the needs of all production components. Enhancing its value, this fully updated collection presents research and global trends as published in the IEEE Transactions on Industrial Electronics Journal, one of the largest and most respected publications in the field. Modern communication systems in factories use many different—and increasingly sophisticated—systems to send and receive information. Industrial Communication Systems spans the full gamut of concepts that engineers require to maintain a well-designed, reliable communications system that can ensure successful operation of any production process. Delving into the subject, this volume covers: Technical principles Application-specific areas Technologies Internet programming Outlook, including trends and expected challenges Other volumes in the set: Fundamentals of Industrial Electronics Power Electronics and Motor Drives Control and Mechatronics Intelligent Systems