Publication detail

Modelling the Electricity Markets using Mathematical Game Theory

HRUBÝ, M. TOUFAR, J.

Original Title

Modelling the Electricity Markets using Mathematical Game Theory

Type

article in a collection out of WoS and Scopus

Language

English

Original Abstract

This paper brings an overview of our latest work on modelling andsimulation of czech market with electricity and ancillary services(AS). Describedmodel has been implemented as a certain simulation module called MODPROincluded in our very large model product called MAES. We employ wellknown mathematical game theory to model probable behavior ofelectricity manufactures on this market. Saying behavior we mean theirdecisions in price competetion.

Keywords

game theory, electricity markets, modelling

Authors

HRUBÝ, M.; TOUFAR, J.

RIV year

2006

Released

31. 3. 2006

Publisher

ACTA Press

Location

Calgery

ISBN

1021-8181

Periodical

Proceedings of the 15th IASTED International Conference on Applied Simulation and Modelling

Year of study

522

Number

1

State

Canada

Pages from

352

Pages to

357

Pages count

8

BibTex

@inproceedings{BUT22239,
  author="Martin {Hrubý} and Jan {Toufar}",
  title="Modelling the Electricity Markets using Mathematical Game Theory",
  booktitle="Proceedings of the 15th IASTED International Conference on APPLIED SIMULATION AND MODELLING",
  year="2006",
  journal="Proceedings of the 15th IASTED International Conference on Applied Simulation and Modelling",
  volume="522",
  number="1",
  pages="352--357",
  publisher="ACTA Press",
  address="Calgery",
  issn="1021-8181"
}