A mathematical modeling technique with network flows for social welfare maximization in deregulated electricity markets
نویسندگان
چکیده
منابع مشابه
An Individual Welfare Maximization Algorithm For Electricity Markets
-An algorithm that allows a market participant to maximize its individual welfare in electricity spot markets is presented. The use of the algorithm in determining market equilibrium points, called Nash equilibria, is demonstrated. The start of the algorithm is a spot market model that uses the optimal power flow (OPF), with a full representation of the transmission system and inclusion of cons...
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ii RED-BORDERED FORM iii ABSTRACT This dissertation presents a new algorithm that allows a market participant to maximize its individual welfare in the electricity spot market. The use of such an algorithm in determining market equilibrium points, called Nash equilibria, is also demonstrated. The start of the algorithm is a spot market model that uses the optimal power flow (OPF), with a full r...
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ژورنال
عنوان ژورنال: Operations Research Perspectives
سال: 2016
ISSN: 2214-7160
DOI: 10.1016/j.orp.2016.09.003