The reorganization of electricity industry in Spain has finished a new step with the start-up of the Derivatives Market. Nowadays, all electricity transactions in Spain and Portugal are managed jointly through the MIBEL by the Day-Ahead Market Operator and the Derivatives Market Operator. This new framework requires important changes in the short-term optimization strategies of the Generation C...

Two approaches for bidding in games are presented: knowledge-based approach and simulation-based approach. A general knowledge-based decision model for bidding in games with its strategy encoded in a Bayesian network was designed. A program for playing four-player tarok was implemented incorporating a specialised instance of the decision model and a simulation module for bidding. Both approache...

This article summarizes the bidding algorithms developed for the on-line Trading Agent Competition held in July, 2000 in Boston. At its heart, the article describes 12 of the 22 agent strategies in terms of (i) bidding strategy, (ii) allocation strategy, (iii) special approaches, and (iv) team motivations. The common and distinctive features of these agent strategies are highlighted. In additio...

The application of autonomous agents by the provisioning and usage of computational services is an attractive research field. Various methods and technologies in the area of artificial intelligence, statistics and economics are playing together to achieve i) autonomic service provisioning and usage of Grid services, to invent ii) competitive bidding strategies for widely used market mechanisms ...

Auctions are an area of great academic and commercial interest, from tiny auctions for toys on eBay to multi-billion-dollar auctions held by governments for resources or contracts. Although there has been significant research on auction theory, especially from the perspective of auction mechanisms, studies of autonomous bidding agents and their interactions are relatively few and recent. This p...

In this paper, we construct a decentralized clearing mechanism which endogenously and automatically provides claims resolution procedure. This can be used to clear network of obligations through blockchain. particular, investigate default contagion in smart contracts cleared so doing, provide an algorithm constructs the blockchain as guarantee payments verified miners earn fee. We, additionally...

In this study, an optimal bidding strategy for a wind energy portfolio manager (WEPM) including electricvehicle parking lots (EVPLs) that aims to maximize profits by trading in the day-ahead (DA) market and balancingmarket (BM) through bilateral contracts, taking into account line capacities risk management is proposed. Thementioned structure modeled mixed integer linear programming (MILP) fram...