uncertainty in the financial market will be driven by underlying brownian motions, while the assets are assumed to be general stochastic processes adapted to the filtration of the brownian motions. the goal of this study is to calculate the accumulated wealth in order to optimize the expected terminal value using a suitable utility function. this thesis introduced the lim-wong’s benchmark fun...

In a daily power market, price and load forecasting is the most important signal for the market participants. In this paper, an accurate feed-forward neural network model with a genetic optimization levenberg-marquardt back propagation (LMBP) training algorithm is employed for short-term nodal congestion price forecasting in different zones of a large-scale power market. The use of genetic algo...

In restructured power systems, generation companies should offer a power - price curve to the market operator to participate the auction. The proposed bidding curve has a considerable impact on the unit profit, especially in pay as bid markets. The optimal bidding curve depends on the final market clearing price which is uncertain in the stage of bidding. This paper proposes a novel approach f...

Following the rise of the fuels that power plants consume in the deregulated market, an increase in the electricity prices would be expected. This article tries to study the effects of power plants’ fuel prices adjustment on the amount of increase in electricity prices in the market. The components of the deregulated power market were modeled in the systems dynamics method with the aim of findi...

Policy makers need to be acquainted with market competition statue. it would ease the decision making and restructuring of market. The aim of this study is to measure the competition of the wholesale electricity market and then investigate the impact of market power on wholesale electricity price during 2013 to 2017. The Result shows that market share of P.U.s in the wholesale electricity marke...

This paper aims to determine the optimum price of electricity during restructuring process. We maximized social welfare function subject to market equilibrium, maximum production capacity of each group of power plants, maximum demand of each consumer type and the potential of electricity export and import. The model was run using 2007 monthly and annual data by means of GAMS optimization softwa...

Policy makers need to be acquainted with market competition statue. it would ease the decision making and restructuring of market. The aim of this study is to measure the competition of the wholesale electricity market and then investigate the impact of market power on wholesale electricity price during 2013 to 2017. The Result shows that market share of P.U.s in the wholesale electricity marke...