To make full use of the flexible charging and discharging capabilities of the growing number of electric vehicles (EVs), a bidding strategy for EV aggregators to participate in a day-ahead electricity energy market is proposed in this work. The proposed bidding strategy is able to reduce the operating cost of the EV aggregators and to handle the uncertainties of day-ahead market prices properly...

In this paper we consider a procurement multi-attribute English auction with a deadline. This protocol can be used for agents who try to reach an agreement on an item or issue, which is characterized by several quality attributes in addition to the price. The protocol allows the specification of a deadline since in many real world situations it is essential to conclude a negotiation among agent...

As a matter of course, power market uncertainties escalation is by product of power industry restructure on one hand and the unrivalled penetration of renewable energies on the other. Generally, the decision making process in such an uncertain environment faces with different risks. In addition, the performance of real power markets is very close to oligopoly markets, in which, some market play...

We present a fast and effective bidding strategy for the Trading Agent Competition in Supply Chain Management (TAC SCM). In TAC SCM, manufacturers compete to procure computer parts from suppliers, and then sell assembled computers to customers in reverse auctions. To address the bidding problem, an agent decides how many computers to sell and at what prices to sell them. We propose a greedy sol...

The increasing use of auctions as a selling mechanism has led to a growing interest in the subject. Thus both auction theory and experimental examinations of these theories are being developed. A recent method used for carrying out examinations on auctions has been the design of computational simulations. The aim of this article is to develop a genetic algorithm to find automatically a bidder o...

This paper presents a stochastic mixed-integer linear programming approach for solving the selfscheduling problem of a price-taker thermal and wind power producer taking part in a pool-based electricity market. Uncertainty on electricity price and wind power is considered through a set of scenarios. Thermal units are modelled by variable costs, start-up costs and technical operating constraints...

The generalized second-pri ce (G SP) mech anism is th e mo st wid ely-used au ction format in sponsored search markets . However , figuring ou t how to bi d on GSP auctions presents major theoretical and computational challenges due to the complex nature of the auction format and the infinite nu mber o f equ ilibria. Ou r stud y cha racterizes vario us eq uilibrium bidding behaviors in GSP auct...

Wind Power Producers (WPPs) seek to maximize profit and minimize the imbalance costs when bidding into the day-ahead market, but uncertainties in the hourly available wind and forecasting errors make the bidding risky. This paper assumes that hourly wind power output given by the forecast follows a normal distribution, and proposes three different bidding strategies, i.e., the expected profit-m...

Auction fever is a multifaceted phenomenon that is frequently observed in both traditional and Internet auctions. In order to gain a better understanding of its causes, we develop a conceptual framework to analyze emotions in auctions, which is based on an exhaustive literature review. The framework integrates rational calculus with emotional aspects and suggests that emotional processing is tr...