Adaptive bidding in single sided auctions under uncertainty: an agent-based approach in market engineering
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منابع مشابه
Optimal Bidding Strategies of GENCOs in Day-Ahead Energy and Spinning Reserve Markets Based on Hybrid GA-Heuristic Optimization Algorithm
In an electricity market, every generation company (GENCO) attempts to maximize profit according to other participants bidding behaviors and power systems operating conditions. The goal of this study is to examine the optimal bidding strategy problem for GENCOs in energy and spinning reserve markets based on a hybrid GA-heuristic optimization algorithm. The heuristic optimization algorithm used...
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The development of the internet has led to a renaissance of traditional auction mechanisms in electronic form. Electronic auctions are used in manifold ways, e.g. in procurement processes as well as in the C2C area. The design of electronic auctions is important since the microstructural rules affect the auctions’ outcome. Market Engineering is a structured approach to develop and study electro...
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