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A stochastic value estimation tool for electric vehicle charging points

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  • Poyrazoglu, Gokturk
  • Coban, Elvin

Abstract

A stochastic value estimation tool serves as a planning tool with embedded modules for electrical and financial valuation of electric vehicle charging points. The tool is developed in stochastic nature for selected service and technology options. The tool is also valuable as a research tool to create a data set for a possible charging station with details of vehicle brands, state-of-charge at the arrival, charge duration, and waiting time. A case study for one of the biggest shopping malls in Istanbul, Turkey, where welcomes 350–400 electric vehicles per day is analyzed. The results are discussed on performance metrics such as the average waiting time in the queue, utilization of the station and each socket, profit, customer satisfaction, energy, and power consumption.

Suggested Citation

  • Poyrazoglu, Gokturk & Coban, Elvin, 2021. "A stochastic value estimation tool for electric vehicle charging points," Energy, Elsevier, vol. 227(C).
    • Handle: RePEc:eee:energy:v:227:y:2021:i:c:s0360544221005843
    DOI: 10.1016/j.energy.2021.120335
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    References listed on IDEAS

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    1. Shen, Zuo-Jun Max & Feng, Bo & Mao, Chao & Ran, Lun, 2019. "Optimization models for electric vehicle service operations: A literature review," Transportation Research Part B: Methodological, Elsevier, vol. 128(C), pages 462-477.
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    4. Bruno Canizes & João Soares & Angelo Costa & Tiago Pinto & Fernando Lezama & Paulo Novais & Zita Vale, 2019. "Electric Vehicles’ User Charging Behaviour Simulator for a Smart City," Energies, MDPI, vol. 12(8), pages 1-20, April.
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    Cited by:

    1. Solvi Hoen, Fredrik & Díez-Gutiérrez, María & Babri, Sahar & Hess, Stephane & Tørset, Trude, 2023. "Charging electric vehicles on long trips and the willingness to pay to reduce waiting for charging. Stated preference survey in Norway," Transportation Research Part A: Policy and Practice, Elsevier, vol. 175(C).
    2. Kakillioglu, Emre Anıl & Yıldız Aktaş, Melike & Fescioglu-Unver, Nilgun, 2022. "Self-controlling resource management model for electric vehicle fast charging stations with priority service," Energy, Elsevier, vol. 239(PC).

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