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A diffusion-model-based supply-side offer agent

delete2006-11-01
delete1
PRE
AI
H
HyungSeon Oh *
R
Robert J. Thomas
DOI：10.1109/TPWRS.2006.881156delete
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Abstract

Abstract

En 中文
Worldwide energy markets have been on a path toward deregulation for several decades. These markets have proven to be difficult to design and run because of their repetitive nature and the externalities provided by reliable grid operation. In a deregulated market environment, our experiments suggest that market participants will pursue their own profit-maximizing objective rather than use an objective that reflects social benefit. Multiagent simulation is useful for gaining insights into market participant behavior under various rules. In this way, market rules can be tested for efficacy and efficiency. In this paper, an agent based on a double-layer diffusion model developed elsewhere [1] is tested and its effectiveness reported.
Keywords:
agent
auction
degree of speculation
diffusion
maximum offer price
nonlinear dynamics
numerical optimization

Journal

IEEE Transactions on Power Systems cover
IEEE Transactions on Power Systems
IF:
7.2
Papers:
1.1W
Citations:
5.0W

Organization

No organization information available