METHODS AND SYSTEMS FOR OPTIMAL PRICING AND CHARGING CONTROL OF A PLUG-IN ELECTRIC VEHICLE CHARGING STATION

Systems and methods for including overstay and human behavior in the pricing structure of a plug-in electric vehicle (PEV) charging station, in order to maximize operating revenue, and manage overstay duration. A mathematical framework with discrete choice models (DCM) is incorporated to operate a PEV charging station with an optimal pricing policy and charge control. The framework determines the probability of a PEV driver selecting various charging options, including overstay price. The pricing options are charging-flexibility, which allows a controller to manage charging costs over a parking duration, charging-asap, which charges the electric vehicle immediately and continuously until the vehicle departs, the battery is fully charged, or a desired level of charge has been reached, and leaving, which is an opportunity cost to the charging station.