Green Environment: Decision-Making and Power Utility Optimization towards Smart-Grid Options

Abstract

Decision-making toward prudent energy conservation is a primary issue in the power utility management while con-ceiving green environment. Presented in this paper are relevant considerations and prudent ways of decision-making thereof. Examples are furnished to illustrate the underlying considerations and are discussed using practical examples. Specifically green ambient is considered and the underlying payoff resulting from each combination ofstrategies adopted (or courses of action taken) by the technology-option participants is evaluated. Game-theoretic pursuits are followed. Keywords: Green Building, Power Utility Conservation, Payoff-matrix, Game-theoretic Formulations