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Proceedings of the 39th Annual Hawaii International Conference on System Sciences (HICSS'06) Track 10
Kauai, Hawaii
January 04-January 07
ISBN: 0-7695-2507-5
HyungSeon Oh, Cornell University
Robert J. Thomas, Cornell University
Problems such as price volatility have been observed in electric power markets. Demand-side participation is often offered as a potential solution by promising to increase market efficiency when hockey-stick type offer curves are present. However, individual end-consumer will surely value electricity differently, which makes demand-side participation as a group and at a bus difficult. In this paper demand is categorized into two groups: one that highly values reliability and the other that does not. The two types are modeled separately and a new optimal bidding function is developed and tested based on this model.
Citation:
HyungSeon Oh, Robert J. Thomas, "An Agent-Based Optimal Bidding Function," hicss, vol. 10, pp.242c, Proceedings of the 39th Annual Hawaii International Conference on System Sciences (HICSS'06) Track 10, 2006
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