Agent-based simulation model of electricity market with stochastic unit commitment Export

@inproceedings{citeulike:788534, abstract = {We propose an agent-based simulation model of electricity market incorporating the price-based unit commitment (price-based UC). In the proposed model, an agent owning a set of generating units solves the price-based UC and forms its next-day bidding strategy based on the optimal schedule obtained. The solution approach to the price-based UC is based on Lagrangian relaxation and dynamic programming. This approach gives the optimal schedule based on a forecasted price profile. The simulation results show that each agent can obtain an appropriate next-day bidding strategy by solving the price-based UC.}, author = {Watanabe, I. and Yamaguchi, N. and Shiina, T. and Kurihara, I.}, citeulike-article-id = {788534}, citeulike-linkout-0 = {http://ieeexplore.ieee.org/xpls/abs_all.jsp?arnumber=1378722}, journal = {Probabilistic Methods Applied to Power Systems, 2004 International Conference on}, keywords = {dynamic-programming, energy, helpful, lagrangianrelaxation, new, stochastic-unit-commitment, unit-commitment}, pages = {403--408}, posted-at = {2006-08-07 10:23:19}, priority = {5}, title = {Agent-based simulation model of electricity market with stochastic unit commitment}, url = {http://ieeexplore.ieee.org/xpls/abs_all.jsp?arnumber=1378722}, year = {2004} }

TY - CONF ID - citeulike:788534 L3 - citeulike-article-id:788534 N2 - We propose an agent-based simulation model of electricity market incorporating the price-based unit commitment (price-based UC). In the proposed model, an agent owning a set of generating units solves the price-based UC and forms its next-day bidding strategy based on the optimal schedule obtained. The solution approach to the price-based UC is based on Lagrangian relaxation and dynamic programming. This approach gives the optimal schedule based on a forecasted price profile. The simulation results show that each agent can obtain an appropriate next-day bidding strategy by solving the price-based UC. JF - Probabilistic Methods Applied to Power Systems, 2004 International Conference on EP - 408 TI - Agent-based simulation model of electricity market with stochastic unit commitment SP - 403 KW - dynamic-programming KW - energy KW - helpful KW - lagrangianrelaxation KW - new KW - stochastic-unit-commitment KW - unit-commitment AU - Watanabe, I AU - Yamaguchi, N AU - Shiina, T AU - Kurihara, I PY - 2004/// UR - http://ieeexplore.ieee.org/xpls/abs_all.jsp?arnumber=1378722 ER -