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

conference paper

Language

English

Original Abstract

This paper brings an overview of our latest work on modelling and simulation of czech market with electricity and ancillary services (AS). Described model has been implemented as a certain simulation module called MODPRO included in our very large model product called MAES. We employ well known mathematical game theory to model probable behavior of electricity manufactures on this market. Saying behavior we mean their decisions 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"
}