Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/20325
Title: Analyzing oligopolistic electricity market using coevolutionary computation
Authors: Chen, H
Wong, KP
Nguyen, DHM
Chung, CY
Keywords: Coevolutionary computation (CCEM)
Cournot oligopoly
Market simulation
Pareto improvement
Issue Date: 2006
Publisher: Institute of Electrical and Electronics Engineers
Source: IEEE transactions on power systems, 2006, v. 21, no. 1, p. 143-152 How to cite?
Journal: IEEE transactions on power systems 
Abstract: This paper presents a new unified framework of electricity market analysis based on coevolutionary computation (CCEM) for both the one-shot and the repeated games of oligopolistic electricity markets. The standard Cournot model and the new Pareto improvement model are used. The linear and constant elasticity demand functions are considered. Case study shows that CCEM is highly efficient and can handle the nonlinear market models that are difficult to be handled by conventional methods. The framework presented in this paper can help to overcome the difficulties of demand function specification encountered by the Cournot models. CCEM is found to be an effective and powerful approach for electricity market analysis.
URI: http://hdl.handle.net/10397/20325
ISSN: 0885-8950
EISSN: 1558-0679
DOI: 10.1109/TPWRS.2005.862005
Appears in Collections:Journal/Magazine Article

Access
View full-text via PolyU eLinks SFX Query
Show full item record

SCOPUSTM   
Citations

60
Last Week
0
Last month
0
Citations as of Aug 11, 2017

WEB OF SCIENCETM
Citations

45
Last Week
0
Last month
1
Citations as of Aug 14, 2017

Page view(s)

42
Last Week
2
Last month
Checked on Aug 13, 2017

Google ScholarTM

Check

Altmetric



Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.