Game-theoretic Equilibrium Analysis Applications to Deregulated Electricity Markets

Download Game-theoretic Equilibrium Analysis Applications to Deregulated Electricity Markets PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 202 pages
Book Rating : 4.:/5 (262 download)

DOWNLOAD NOW!


Book Synopsis Game-theoretic Equilibrium Analysis Applications to Deregulated Electricity Markets by : Manho Joung

Download or read book Game-theoretic Equilibrium Analysis Applications to Deregulated Electricity Markets written by Manho Joung and published by . This book was released on 2008 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation examines game-theoretic equilibrium analysis applications to deregulated electricity markets. In particular, three specific applications are discussed: analyzing the competitive effects of ownership of financial transmission rights, developing a dynamic game model considering the ramp rate constraints of generators, and analyzing strategic behavior in electricity capacity markets. In the financial transmission right application, an investigation is made of how generators' ownership of financial transmission rights may influence the effects of the transmission lines on competition. In the second application, the ramp rate constraints of generators are explicitly modeled using a dynamic game framework, and the equilibrium is characterized as the Markov perfect equilibrium. Finally, the strategic behavior of market participants in electricity capacity markets is analyzed and it is shown that the market participants may exaggerate their available capacity in a Nash equilibrium. It is also shown that the more conservative the independent system operator's capacity procurement, the higher the risk of exaggerated capacity offers.

Game-Theoretic Methods in General Equilibrium Analysis

Download Game-Theoretic Methods in General Equilibrium Analysis PDF Online Free

Author :
Publisher : Springer Science & Business Media
ISBN 13 : 9401716560
Total Pages : 260 pages
Book Rating : 4.4/5 (17 download)

DOWNLOAD NOW!


Book Synopsis Game-Theoretic Methods in General Equilibrium Analysis by : J.F. Mertens

Download or read book Game-Theoretic Methods in General Equilibrium Analysis written by J.F. Mertens and published by Springer Science & Business Media. This book was released on 2013-04-18 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: JEAN-FRANQOIS MERTENS This book presents a systematic exposition of the use of game theoretic methods in general equilibrium analysis. Clearly the first such use was by Arrow and Debreu, with the "birth" of general equi librium theory itself, in using Nash's existence theorem (or a generalization) to prove the existence of a competitive equilibrium. But this use appeared possibly to be merely tech nical, borrowing some tools for proving a theorem. This book stresses the later contributions, were game theoretic concepts were used as such, to explain various aspects of the general equilibrium model. But clearly, each of those later approaches also provides per sea game theoretic proof of the existence of competitive equilibrium. Part A deals with the first such approach: the equality between the set of competitive equilibria of a perfectly competitive (i.e., every trader has negligible market power) economy and the core of the corresponding cooperative game.

Generalized Nash Equilibrium Problems, Bilevel Programming and MPEC

Download Generalized Nash Equilibrium Problems, Bilevel Programming and MPEC PDF Online Free

Author :
Publisher : Springer
ISBN 13 : 981104774X
Total Pages : 134 pages
Book Rating : 4.8/5 (11 download)

DOWNLOAD NOW!


Book Synopsis Generalized Nash Equilibrium Problems, Bilevel Programming and MPEC by : Didier Aussel

Download or read book Generalized Nash Equilibrium Problems, Bilevel Programming and MPEC written by Didier Aussel and published by Springer. This book was released on 2018-04-03 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book discusses three classes of problems: the generalized Nash equilibrium problems, the bilevel problems and the mathematical programming with equilibrium constraints (MPEC). These problems interact through their mathematical analysis as well as their applications. The primary aim of the book is to present the modern tool of variational analysis and optimization, which are used to analyze these three classes of problems. All contributing authors are respected academicians, scientists and researchers from around the globe. These contributions are based on the lectures delivered by experts at CIMPA School, held at the University of Delhi, India, from 25 November–6 December 2013, and peer-reviewed by international experts. The book contains five chapters. Chapter 1 deals with nonsmooth, nonconvex bilevel optimization problems whose feasible set is described by using the graph of the solution set mapping of a parametric optimization problem. Chapter 2 describes a constraint qualification to MPECs considered as an application of calmness concept of multifunctions and is used to derive M-stationarity conditions for MPEC. Chapter 3 discusses the first- and second-order optimality conditions derived for a special case of a bilevel optimization problem in which the constraint set of the lower level problem is described as a general compact convex set. Chapter 4 concentrates the results of the modelization and analysis of deregulated electricity markets with a focus on auctions and mechanism design. Chapter 5 focuses on optimization approaches called reflection methods for protein conformation determination within the framework of matrix completion. The last chapter (Chap. 6) deals with the single-valuedness of quasimonotone maps by using the concept of single-directionality with a special focus on the case of the normal operator of lower semi-continuous quasiconvex functions.

Market Operations in Electric Power Systems

Download Market Operations in Electric Power Systems PDF Online Free

Author :
Publisher : John Wiley & Sons
ISBN 13 : 0471443379
Total Pages : 564 pages
Book Rating : 4.4/5 (714 download)

DOWNLOAD NOW!


Book Synopsis Market Operations in Electric Power Systems by : Mohammad Shahidehpour

Download or read book Market Operations in Electric Power Systems written by Mohammad Shahidehpour and published by John Wiley & Sons. This book was released on 2002-04-11 with total page 564 pages. Available in PDF, EPUB and Kindle. Book excerpt: An essential overview of post-deregulation market operations inelectrical power systems Until recently the U.S. electricity industry was dominated byvertically integrated utilities. It is now evolving into adistributive and competitive market driven by market forces andincreased competition. With electricity amounting to a $200 billionper year market in the United States, the implications of thisrestructuring will naturally affect the rest of the world. Why is restructuring necessary? What are the components ofrestructuring? How is the new structure different from the oldmonopoly? How are the participants strategizing their options tomaximize their revenues? What are the market risks and how are theyevaluated? How are interchange transactions analyzed and approved?Starting with a background sketch of the industry, this hands-onreference provides insights into the new trends in power systemsoperation and control, and highlights advanced issues in thefield. Written for both technical and nontechnical professionals involvedin power engineering, finance, and marketing, this must-haveresource discusses: * Market structure and operation of electric power systems * Load and price forecasting and arbitrage * Price-based unit commitment and security constrained unitcommitment * Market power analysis and game theory applications * Ancillary services auction market design * Transmission pricing and congestion Using real-world case studies, this timely survey offers engineers,consultants, researchers, financial managers, university professorsand students, and other professionals in the industry acomprehensive review of electricity restructuring and how itsradical effects will shape the market.

Nash Equilibrium Problems in Power Markets and Product Design: Analysis and Algorithms

Download Nash Equilibrium Problems in Power Markets and Product Design: Analysis and Algorithms PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (774 download)

DOWNLOAD NOW!


Book Synopsis Nash Equilibrium Problems in Power Markets and Product Design: Analysis and Algorithms by : Aswin Kannan

Download or read book Nash Equilibrium Problems in Power Markets and Product Design: Analysis and Algorithms written by Aswin Kannan and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The focus of this research is on the analysis and computation of equilibria in noncooperative Cournot and Bertrand games. The application of focus for Cournot competition is power markets while that for Bertrand competition is product design. We consider Cournot-based models for strategic behavior in power markets while Bertrandbased models are employed for analyzing the behavior of price-based competition in product design. This thesis is partitioned into three parts. Of these, the rst two parts focus on power market applications while the third part focuses on product design. Motivated by the risk of capacity shortfall faced by market participants with uncertain generation assets, the rst part considers a game where agents are assumed to be risk-averse optimizers, using a conditional value-at-risk (CVaR) measure. The resulting game-theoretic problem is a two-period risk-based stochastic Nash game with shared strategy sets. In general, this stochastic game has nonsmooth objectives and standard existence and uniqueness results cannot be leveraged for this class of games, given the lack of compactness of strategy sets and the absence of strong monotonicity in the gradient map of the objectives. However, when the risk-measure is independent of competitive interactions, a subset of equilibria to the risk-averse game are shown to be characterized by a solvable monotone single-valued variational inequality. If the risk-measures are generalized to allow for strategic interactions, then the characterization is through a multi-valued variational inequality. Both this object and its single-valued counterpart, arising from the smoothed game, are shown to admit solutions. The equilibrium conditions of the game grow linearly in size with the the sample-space, network size and the number of participating rms. Consequently, direct schemes are inadvisable for most practical problems and instead, we present a distributed regularized primaldual and dual projection scheme where both primal and dual iterates are computed separately. Rate of convergence estimates are provided and error bounds are developed for inexact extensions of the dual scheme. Unlike projection schemes for deterministic problems, here the projection step requires the solution of a possibly massive stochastic program. By utilizing cutting plane methods, we ensure that the complexity of the projection scheme scales slowly with the size of the sample-space. Insights regarding market design and operation are obtained after testing the model on a 53-node electricity network. The second part extends this model by considering the grid operator to be a pro t maximizer. However the effect of risk is neglected in this model. The resulting problem is a quasi variational inequality. An analysis of the equivalent complementarity problem (CP) allows us to claim that the game does admit an equilibrium. By observing that the CP is monotone, we are in a position to employ a class of iterative regularization techniques namely the iterative Tikhonov and the iterative proximal algorithms. The algorithms are seen to scale well with the size of the problem. The model is employed for examining strategic behavior on a twelve node network and several economic insights are drawn. The third part of this thesis deals with Bertrand competition in a product design regime. With due consideration to the attribute dimension in addition to price competition, more specifically for design and consumer service industries, a game theoretic model is formulated. The logit model, in lieu of some of its tractable properties, is deployed to capture consumer preferences and thereby the demand. Subsequently the variational formulations corresponding to the game are analyzed for existence of solutions. The lack of convexity of objectives, analytical intractability of the variational formulations corresponding to the game state some drawbacks of the logit model. Several projection and interior point schemes are deployed for solving these classes of problems. Numerical results for smaller instances of these games are illustrated by means of a painkiller example. Suggestions on alternate revenue maximization models are presented.

Quantal Response Equilibrium

Download Quantal Response Equilibrium PDF Online Free

Author :
Publisher : Princeton University Press
ISBN 13 : 069112423X
Total Pages : 322 pages
Book Rating : 4.6/5 (911 download)

DOWNLOAD NOW!


Book Synopsis Quantal Response Equilibrium by : Jacob K. Goeree

Download or read book Quantal Response Equilibrium written by Jacob K. Goeree and published by Princeton University Press. This book was released on 2016-06-28 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quantal Response Equilibrium presents a stochastic theory of games that unites probabilistic choice models developed in psychology and statistics with the Nash equilibrium approach of classical game theory. Nash equilibrium assumes precise and perfect decision making in games, but human behavior is inherently stochastic and people realize that the behavior of others is not perfectly predictable. In contrast, QRE models choice behavior as probabilistic and extends classical game theory into a more realistic and useful framework with broad applications for economics, political science, management, and other social sciences. Quantal Response Equilibrium spans the range from basic theoretical foundations to examples of how the principles yield useful predictions and insights in strategic settings, including voting, bargaining, auctions, public goods provision, and more. The approach provides a natural framework for estimating the effects of behavioral factors like altruism, reciprocity, risk aversion, judgment fallacies, and impatience. New theoretical results push the frontiers of models that include heterogeneity, learning, and well-specified behavioral modifications of rational choice and rational expectations. The empirical relevance of the theory is enhanced by discussion of data from controlled laboratory experiments, along with a detailed users' guide for estimation techniques. Quantal Response Equilibrium makes pioneering game-theoretic methods and interdisciplinary applications available to a wide audience.

Dynamic Noncooperative Game Models for Deregulated Electricity Markets

Download Dynamic Noncooperative Game Models for Deregulated Electricity Markets PDF Online Free

Author :
Publisher : Nova Science Pub Incorporated
ISBN 13 : 9781607410782
Total Pages : 105 pages
Book Rating : 4.4/5 (17 download)

DOWNLOAD NOW!


Book Synopsis Dynamic Noncooperative Game Models for Deregulated Electricity Markets by : Jose Behar Cruz

Download or read book Dynamic Noncooperative Game Models for Deregulated Electricity Markets written by Jose Behar Cruz and published by Nova Science Pub Incorporated. This book was released on 2009 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: The deregulated electricity markets are expected to be perfectly competitive, yet they remain oligopolistic in which the market participants are able to exercise market power to "game" the markets. Game theory, by its nature, is considered as the appropriate framework to study the interactive behaviours of decision makers with conflict of interest. Substantial research has been devoted to study gaming behaviour in the deregulated electricity market using game theory. However, most of the modelling of the markets is static and this type of model leads to non-optimal results for long-term strategic planning due to the inherent dynamic nature of the market. This book formulates and describes the gaming behaviour in the deregulated electricity market from a dynamic point of view, considering long-term interests in a changing environment. It starts with a review of the current situation of deregulation and a brief review of near-term energy issues. The book includes the latest results on bidding dynamic strategies for such markets.

The Berge Equilibrium: A Game-Theoretic Framework for the Golden Rule of Ethics

Download The Berge Equilibrium: A Game-Theoretic Framework for the Golden Rule of Ethics PDF Online Free

Author :
Publisher : Springer Nature
ISBN 13 : 3030255468
Total Pages : 290 pages
Book Rating : 4.0/5 (32 download)

DOWNLOAD NOW!


Book Synopsis The Berge Equilibrium: A Game-Theoretic Framework for the Golden Rule of Ethics by : Mindia E. Salukvadze

Download or read book The Berge Equilibrium: A Game-Theoretic Framework for the Golden Rule of Ethics written by Mindia E. Salukvadze and published by Springer Nature. This book was released on 2020-02-18 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: The goal of this book is to elaborate on the main principles of the theory of the Berge equilibrium by answering the following two questions: What are the basic properties of the Berge equilibrium? Does the Berge equilibrium exist, and how can it be calculated? The Golden Rule of ethics, which appears in Christianity, Judaism, Islam, Buddhism, Confucianism and other world religions, states the following: “Behave towards others as you would like them to behave towards you." In any game, each party of conflict seeks to maximize some payoff. Therefore, for each player, the Golden Rule is implemented through the maximization of his/her payoff by all other players, which matches well with the concept of the Berge equilibrium. The approach presented here will be of particular interest to researchers (including undergraduates and graduates) and economists focused on decision-making under complex conflict conditions. The peaceful resolution of conflicts is the cornerstone of the approach: as a matter of fact, the Golden Rule precludes military clashes and violence. In turn, the new approach requires new methods; in particular, the existence problems are reduced to saddle point design for the Germeier convolution of payoff functions, with further transition to mixed strategies in accordance with the standard procedure employed by E. Borel, J. von Neumann, J. Nash, and their followers. Moreover, this new approach has proven to be efficient and fruitful with regard to a range of other important problems in mathematical game theory, which are considered in the Appendix.

Nash Strategies with Adaptation and Their Application in the Deregulated Electricity Market

Download Nash Strategies with Adaptation and Their Application in the Deregulated Electricity Market PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 166 pages
Book Rating : 4.:/5 (123 download)

DOWNLOAD NOW!


Book Synopsis Nash Strategies with Adaptation and Their Application in the Deregulated Electricity Market by : Xiaohuan Tan

Download or read book Nash Strategies with Adaptation and Their Application in the Deregulated Electricity Market written by Xiaohuan Tan and published by . This book was released on 2006 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The strategic bidding problems in the deregulated electricity market have been of keen interest to researchers and policy makers in recent decades. Given the conflicting nature of the problem, the theory of noncooperative games seems to be the right framework to investigate the problems. Although much efforts has been devoted to this topic, many issues remain unsolved, in which private information often keeps modelers from formulating and solving the games using available research results. Motivated by strategic bidding problems, this dissertation focuses on the adaptivity and sensitivity analysis of a class of nonzero-sum games with incomplete information. We first construct an infinite-horizon discrete-time linear quadratic N-person nonzero-sum game with complete information and perfect state information pattern, and then we consider the case with incomplete information. We first propose an adaptation mechanism for a player who lacks complete information of the game and prove convergence of the parameter estimates to the true values of the parameters under the conditions of persistent excitation. We then slightly modify the model to study the sensitivity of the costs of a game with respect to the embedded unknown parameter using multi-modeling method and we derive bounds for the cost deviation. Finally, we investigate the effect of market power by considering a market with lagged customer response to prices. These analyses are of fundamental importance if one wants to effectively apply game theory to strategic bidding problems.

Game Theoretic Analysis and Agent-based Simulation of Electricity Markets

Download Game Theoretic Analysis and Agent-based Simulation of Electricity Markets PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 92 pages
Book Rating : 4.:/5 (662 download)

DOWNLOAD NOW!


Book Synopsis Game Theoretic Analysis and Agent-based Simulation of Electricity Markets by : Teruo Ono (S.M.)

Download or read book Game Theoretic Analysis and Agent-based Simulation of Electricity Markets written by Teruo Ono (S.M.) and published by . This book was released on 2005 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: In power system analysis, uncertainties in the supplier side are often difficult to estimate and have a substantial impact on the result of the analysis. This thesis includes preliminary work to approach the difficulties. In the first part, a specific electricity auction mechanism based on a Japanese power market is investigated analytically from several game theoretic viewpoints. In the second part, electricity auctions are simulated using agent-based modeling.

Game Theory Application in Smart Energy Logistics and Economy

Download Game Theory Application in Smart Energy Logistics and Economy PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (115 download)

DOWNLOAD NOW!


Book Synopsis Game Theory Application in Smart Energy Logistics and Economy by : Baseem Khan

Download or read book Game Theory Application in Smart Energy Logistics and Economy written by Baseem Khan and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In many parts of the world, energy sectors are transformed from conventional to the smart deregulated market structures. In such smart deregulated market environment, cooperative game theory can play a vital role for analyzing various smart deregulated market problems. As an optimization tool, cooperative game theory is very useful in smart energy logistics and economy analysis problem. The economy associated with smart deregulated structure can be better optimized and allocated with the help of cooperative game theory. Initially, due to regulated structure, there is no cooperation between different entities of energy sector. But after new market structure, all the entities are free to take their own decisions as an independent entity. Transmission open access of energy logistics is also comes into the picture, as all the generators and demands have the same right to access the transmission system. In this market situation, multiple utilities are using the same energy logistic network. This situation can be formulated as a cooperative game in which generators and demands are represented by players. This chapter deals with energy logistic cost allocation problems for a smart deregulated energy market. It is cooperative in nature as all the agents are using the same energy logistic network.

Financial Transmission Rights

Download Financial Transmission Rights PDF Online Free

Author :
Publisher : Springer Science & Business Media
ISBN 13 : 1447147871
Total Pages : 442 pages
Book Rating : 4.4/5 (471 download)

DOWNLOAD NOW!


Book Synopsis Financial Transmission Rights by : Juan Rosellón

Download or read book Financial Transmission Rights written by Juan Rosellón and published by Springer Science & Business Media. This book was released on 2013-03-15 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whilst financial rights have appeared as a successful ingredient in North-American power markets, they have their shortcomings both theoretically and in practice. Financial Transmission Rights: Analysis, Experiences and Prospects present a systematic and comprehensive overview of financial transmission rights (FTRS). Following a general introduction to FTRs, including chapters to explain transmission pricing and the general properties of FTRS, experts in the field provide discussions on wide scope of topics. These include: Varying perspectives on FTRS: from electrical engineers to economists, Different mathematical formulations of FTRS Financial Hedging using FTRS, and Alternative solutions to FTRs The detail, expertise and range of content makes Financial Transmission Rights: Analysis, Experiences and Prospect an essential resource for electricity market specialists both at academic and professional levels. “This is THE BOOK we were all expecting to address all key ‘Financial Transmission Rights’ issues. It is comprehensive and reader friendly. You can pick at will in its menu: more or less theory, a bit of maths or none, empirical review of real cases or numerical simulations of many feasible options. Big names rally there to delight you like: Hogan , Oren, Perez-Arriaga, Smeers, Hobbs and... Rosellón. More than a must read: a light house, a map and a survival kit.” Jean – Michel Glachant, Director Florence School, Holder Loyola de Palacio Chair, Chief-editor Economics of Energy & Environmental Policy. "In the last two decades, economists have developed a better understanding of the impact of financial rights on risk management, market power and network expansion in electricity markets, while power systems have experimented with such rights. Striking a good balance between academics and practitioners, always at the frontier of the field, written by the best experts, this volume is essential reading for all those- power systems’ managers and users, regulators, students and researchers- who want to understand the new electricity environment and predict its evolution." Jean Tirole, Toulouse School of Economics and Institute for Industrial Economics (IDEI) Further comments inside.

Parallel and Distributed Computation: Numerical Methods

Download Parallel and Distributed Computation: Numerical Methods PDF Online Free

Author :
Publisher : Athena Scientific
ISBN 13 : 1886529159
Total Pages : 832 pages
Book Rating : 4.8/5 (865 download)

DOWNLOAD NOW!


Book Synopsis Parallel and Distributed Computation: Numerical Methods by : Dimitri Bertsekas

Download or read book Parallel and Distributed Computation: Numerical Methods written by Dimitri Bertsekas and published by Athena Scientific. This book was released on 2015-03-01 with total page 832 pages. Available in PDF, EPUB and Kindle. Book excerpt: This highly acclaimed work, first published by Prentice Hall in 1989, is a comprehensive and theoretically sound treatment of parallel and distributed numerical methods. It focuses on algorithms that are naturally suited for massive parallelization, and it explores the fundamental convergence, rate of convergence, communication, and synchronization issues associated with such algorithms. This is an extensive book, which aside from its focus on parallel and distributed algorithms, contains a wealth of material on a broad variety of computation and optimization topics. It is an excellent supplement to several of our other books, including Convex Optimization Algorithms (Athena Scientific, 2015), Nonlinear Programming (Athena Scientific, 1999), Dynamic Programming and Optimal Control (Athena Scientific, 2012), Neuro-Dynamic Programming (Athena Scientific, 1996), and Network Optimization (Athena Scientific, 1998). The on-line edition of the book contains a 95-page solutions manual.

Restructured Electric Power Systems

Download Restructured Electric Power Systems PDF Online Free

Author :
Publisher : John Wiley & Sons
ISBN 13 : 1118017072
Total Pages : 292 pages
Book Rating : 4.1/5 (18 download)

DOWNLOAD NOW!


Book Synopsis Restructured Electric Power Systems by : Xiao-Ping Zhang

Download or read book Restructured Electric Power Systems written by Xiao-Ping Zhang and published by John Wiley & Sons. This book was released on 2010-10-15 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: The latest practical applications of electricity market equilibrium models in analyzing electricity markets Electricity market deregulation is driving the power energy production from a monopolistic structure into a competitive market environment. The development of electricity markets has necessitated the need to analyze market behavior and power. Restructured Electric Power Systems reviews the latest developments in electricity market equilibrium models and discusses the application of such models in the practical analysis and assessment of electricity markets. Drawing upon the extensive involvement in the research and industrial development of the leading experts in the subject area, the book starts by explaining the current developments of electrical power systems towards smart grids and then relates the operation and control technologies to the aspects in electricity markets. It explores: The problems of electricity market behavior and market power Mathematical programs with equilibrium constraints (MPEC) and equilibrium problems with equilibrium constraints (EPEC) Tools and techniques for solving the electricity market equilibrium problems Various electricity market equilibrium models State-of-the-art techniques for computing the electricity market equilibrium problems The application of electricity market equilibrium models in assessing the economic benefits of transmission expansions for market environments, forward and spot markets, short-term power system security, and analysis of reactive power impact Also featured are computational resources to allow readers to develop algorithms on their own, as well as future research directions in modeling and computational techniques in electricity market analysis. Restructured Electric Power Systems is an invaluable reference for electrical engineers and power system economists from power utilities and for professors, postgraduate students, and undergraduate students in electrical power engineering, as well as those responsible for the design, engineering, research, and development of competitive electricity markets and electricity market policy.

Nash Equilibria in Power Markets and Product Design

Download Nash Equilibria in Power Markets and Product Design PDF Online Free

Author :
Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783659280757
Total Pages : 132 pages
Book Rating : 4.2/5 (87 download)

DOWNLOAD NOW!


Book Synopsis Nash Equilibria in Power Markets and Product Design by : Aswin Kannan

Download or read book Nash Equilibria in Power Markets and Product Design written by Aswin Kannan and published by LAP Lambert Academic Publishing. This book was released on 2012 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book considers in detail two primary applications of game theory. The former refers to a networked power market setting with the competition characterized by the quantities. The latter deals with a classic Bertrand marketing problem in product design. The electricity market setting is modelled from multiple standpoints, all accounting for uncertainty. Different settings where the central operator is profit maximizing and revenue neutral are studied. One of the influential contributions of this work is the modelling and addressing of generators' shortfall risk. Variational tools are used for analysis and computation of equilibria. Rigorous mathematical analysis leads to strong existence statements on the games' solutions. Convergent decomposition based first order algorithms are proposed. The algorithms are seen to scale very well on practical large networked settings like the Belgian grid. They also prove to be good alternatives to second order schemes. The Bertrand competition is however seen to be less tractable analytically. Existence statements are made under some mild assumptions. The equivalent complementarity problems are solved and useful insights are studied.

Dynamic Games: Theory and Applications

Download Dynamic Games: Theory and Applications PDF Online Free

Author :
Publisher : Springer Science & Business Media
ISBN 13 : 9780387246017
Total Pages : 296 pages
Book Rating : 4.2/5 (46 download)

DOWNLOAD NOW!


Book Synopsis Dynamic Games: Theory and Applications by : Alain Haurie

Download or read book Dynamic Games: Theory and Applications written by Alain Haurie and published by Springer Science & Business Media. This book was released on 2005-05-06 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dynamic games continue to attract strong interest from researchers interested in modelling competitive as well as conflict situations exhibiting an intertemporel aspect. Applications of dynamic games have proven to be a suitable methodology to study the behaviour of players (decision-makers) and to predict the outcome of such situations in many areas including engineering, economics, management science, military, biology and political science. Dynamic Games: Theory and Applications collects thirteen articles written by established researchers. It is an excellent reference for researchers and graduate students covering a wide range of emerging and revisited problems in both cooperative and non-cooperative games in different areas of applications, especially in economics and management science.

Game Theoretic Formulations and Solution Methods for Microeconomic Market Models

Download Game Theoretic Formulations and Solution Methods for Microeconomic Market Models PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (932 download)

DOWNLOAD NOW!


Book Synopsis Game Theoretic Formulations and Solution Methods for Microeconomic Market Models by :

Download or read book Game Theoretic Formulations and Solution Methods for Microeconomic Market Models written by and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: