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in the restructured environment of electricity market, firstly the generating companies and the customers are looking for maximizing their profit and secondly independent system operator is looking for the stability of the power network and maximizing social welfare. in this paper, a one way auction in the electricity market for the generator companies is considered in both perfect and imperfec...

We consider a multi-agent framework for distributed optimization where each agent has access to local smooth strongly convex function, and the collective goal is achieve consensus on parameters that minimize sum of agents' functions. propose an algorithm wherein operates asynchronously independently other agents. When functions are strongly-convex with Lipschitz-continuous gradients, we show it...