Overall price optimization strategy in the deregulated electricity market is one of the most important challenges for the participants, In this paper, we used Contingency Analysis Module of NEPLAN Software, a strategy of pricing to market participants is depicted.Each of power plants according to their size and share of the Contingency Analysis should be considered in the price of its hour. In ...

The operational aspects of power systems pose some of the most challenging problems encountered in the restructuring of electric power industry. This paper focuses on Congestion Management within an Optimal Power Flow (OPF) framework in the deregulated electricity market scenario. The conventional OPF problem is modified to create a mechanism that enables the market players to compete and trade...

W investigate how dynamic resource substitution in service systems impacts capacity requirements and responsiveness. Inspired by the contrasting network strategies of FedEx and United Parcel Service (UPS), we study when two service classes (e.g., express or regular) should be served by dedicated resources (e.g., air or ground) or by an integrated network (e.g., air also serves regular). Using c...

This paper proposes a new method for transmission loss allocation. The share of each bus in the transmission line losses is determined using transmission line loss equations with respect to bus-injected currents. Then, it is applied to the total network transmission lines. In the proposed method, comparing with other methods, a solution to remove the negative loss allocation has been introd...

We consider the forward investment problem in market models where stock prices are continuous semimartingales adapted to a Brownian filtration. construct broad class of performance processes with initial conditions power mixture type, $u(x) = \int_{\mathbb{I}} \frac{x^{1-\gamma}}{1-\gamma }\nu(\mathrm{d} \gamma)$. proceed define and fully characterize two-power constant risk aversion coefficien...

This paper compares three market structures in a dynamic dealer-mediated market with asymmetric information about an asset’s value. The compared market structures are (i) the continuous protocol of Glosten and Milgrom (1985), where a just-arrived trader trades immediately at a bid or an ask price publicly posted by the dealer, (ii) the periodic auction, wherein trades are cleared in batches, pu...