Publication Details

Modelling the Electricity Markets using Mathematical Game Theory

HRUBÝ Martin and TOUFAR Jan. Modelling the Electricity Markets using Mathematical Game Theory. In: Proceedings of the 15th IASTED International Conference on APPLIED SIMULATION AND MODELLING. Calgery: ACTA Press, 2006, pp. 352-357. ISSN 1021-8181.
Czech title
Modelování trhu s elektřinou prostředky matematické teorie her
Type
conference paper
Language
english
Authors
Hrubý Martin, Ing., Ph.D. (DITS FIT BUT)
Toufar Jan (EGU)
Keywords

game theory, electricity markets, modelling

Abstract

This paper brings an overview of our latest work on modelling and simulation of czech market with electricity and ancillary services (AS). Described model has been implemented as a certain simulation module called MODPRO included in our very large model product called MAES. We employ well known mathematical game theory to model probable behavior of electricity manufactures on this market. Saying behavior we mean their decisions in price competetion.

Annotation

This paper brings an overview of our latest work on modelling and simulation of czech market with electricity and ancillary services (AS). Described model has been implemented as a certain simulation module called MODPRO included in our very large model product called MAES. We employ well known mathematical game theory to model probable behavior of electricity manufactures on this market. Saying behavior we mean their decisions in price competition.

Published
2006
Pages
352-357
Journal
Proceedings of the 15th IASTED International Conference on Applied Simulation and Modelling, vol. 522, no. 1, ISSN 1021-8181
Proceedings
Proceedings of the 15th IASTED International Conference on APPLIED SIMULATION AND MODELLING
Conference
The 15th IASTED International Conference on APPLIED SIMULATION AND MODELLING, Rhodes, Greece, GR
Publisher
ACTA Press
Place
Calgery, CA
BibTeX 
@INPROCEEDINGS{FITPUB8021,
   author = "Martin Hrub\'{y} and Jan Toufar",
   title = "Modelling the Electricity Markets using Mathematical Game Theory",
   pages = "352--357",
   booktitle = "Proceedings of the 15th IASTED International Conference on APPLIED SIMULATION AND MODELLING",
   journal = "Proceedings of the 15th IASTED International Conference on Applied Simulation and Modelling",
   volume = 522,
   number = 1,
   year = 2006,
   location = "Calgery, CA",
   publisher = "ACTA Press",
   ISSN = "1021-8181",
   language = "english",
   url = "https://www.fit.vut.cz/research/publication/8021"
}
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