Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

Results found: 1

first rewind previous Page / 1 next fast forward last

Search results

Search:
in the keywords:  wholesale power market
help Sort By:

help Limit search:
first rewind previous Page / 1 next fast forward last
1
Content available remote

GENERATORS’ STRATEGIC BEHAVIOUR RESERCH BASED ON THE AGENT APPROACH TO THE POWER MARKET MODELING

100%
Grigoryeva A., Lisin E.
Czech Journal of Social Sciences, Business and Economics
|
2012
|
vol. 1
|
issue 1
75-82
EN
This paper is devoted to the modeling of power markets and the generators’ strategic behavior, and to the application of market power strategies, in particular.The generator’s market power is its ability to influence the price of the offer and sale conditions in the power market without a reaction from competitors. The human factor leads to irrational features in the decision-making. That fact does not allow us to describe the behavior of market agents in the form of the optimization problem. So agent-based modeling of the complex economic systems is being actively developed now.
first rewind previous Page / 1 next fast forward last
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.