In this last phase, we will optimize prices on charging menu, i.e, "Immediate Charging" and "Flexible/Eco Charging" using the data collected in Phase II. The optimization program minimizes costs while managing overstay. This will be done dynamically, i.e, each day, hour and vehicle arrival.
To get an understanding of how this will work, let's consider the example of 5 different cars with 2 of them opting for the Immediate charge versus the rest opting for Flexible charging. Immediate charging has an uncontrolled charging cost, since it depends upon the time of the day, whether it is peak hours or not. In contrast, the 3 EVs which chose "Flexible/Eco" charging, will have their charging optimized to avoid power peaks, while delivering the requested charge by their departure time.
As new EVs arrive, or when users need to change their input parameters, our algorithm will adapt to the circumstances to ensure that all the EVs are charged and the system's power limit doesn't overload.