Standard

Bid Strategy under Price Uncertainty. / Oboskalov, Vladislav; Panikovskaya, Tatyana.
014 55TH INTERNATIONAL SCIENTIFIC CONFERENCE ON POWER AND ELECTRICAL ENGINEERING OF RIGA TECHNICAL UNIVERSITY (RTUCON). NEW YORK: Institute of Electrical and Electronics Engineers Inc., 2014. стр. 251-254.

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Harvard

Oboskalov, V & Panikovskaya, T 2014, Bid Strategy under Price Uncertainty. в 014 55TH INTERNATIONAL SCIENTIFIC CONFERENCE ON POWER AND ELECTRICAL ENGINEERING OF RIGA TECHNICAL UNIVERSITY (RTUCON). Institute of Electrical and Electronics Engineers Inc., NEW YORK, стр. 251-254.

APA

Oboskalov, V., & Panikovskaya, T. (2014). Bid Strategy under Price Uncertainty. в 014 55TH INTERNATIONAL SCIENTIFIC CONFERENCE ON POWER AND ELECTRICAL ENGINEERING OF RIGA TECHNICAL UNIVERSITY (RTUCON) (стр. 251-254). Institute of Electrical and Electronics Engineers Inc..

Vancouver

Oboskalov V, Panikovskaya T. Bid Strategy under Price Uncertainty. в 014 55TH INTERNATIONAL SCIENTIFIC CONFERENCE ON POWER AND ELECTRICAL ENGINEERING OF RIGA TECHNICAL UNIVERSITY (RTUCON). NEW YORK: Institute of Electrical and Electronics Engineers Inc. 2014. стр. 251-254

Author

Oboskalov, Vladislav ; Panikovskaya, Tatyana. / Bid Strategy under Price Uncertainty. 014 55TH INTERNATIONAL SCIENTIFIC CONFERENCE ON POWER AND ELECTRICAL ENGINEERING OF RIGA TECHNICAL UNIVERSITY (RTUCON). NEW YORK : Institute of Electrical and Electronics Engineers Inc., 2014. стр. 251-254

BibTeX

@inproceedings{93bd6d088e97465cb329df54fa591646,
title = "Bid Strategy under Price Uncertainty",
abstract = "The paper presents an algorithm for electricity market participant to obtain optimal bid under price uncertainty. The model is based on the known probability density functions of forecast prices. The problem is to estimate the parameters of blocks - values of power and their corresponding prices. The objective function is an expected value of profit for selling energy. The stochastic market clearing prices only affects the objective function, and particularly, the term corresponding to revenues. The parameters of blocks are interconnected by probability function. To determine required values the recurrent optimization procedure is developed. The criterion of procedure interruption is the required number of stairs in bidding function.",
author = "Vladislav Oboskalov and Tatyana Panikovskaya",
year = "2014",
language = "English",
isbn = "978-1-4799-7462-7",
pages = "251--254",
booktitle = "014 55TH INTERNATIONAL SCIENTIFIC CONFERENCE ON POWER AND ELECTRICAL ENGINEERING OF RIGA TECHNICAL UNIVERSITY (RTUCON)",
publisher = "Institute of Electrical and Electronics Engineers Inc.",
address = "United States",

}

RIS

TY - GEN

T1 - Bid Strategy under Price Uncertainty

AU - Oboskalov, Vladislav

AU - Panikovskaya, Tatyana

PY - 2014

Y1 - 2014

N2 - The paper presents an algorithm for electricity market participant to obtain optimal bid under price uncertainty. The model is based on the known probability density functions of forecast prices. The problem is to estimate the parameters of blocks - values of power and their corresponding prices. The objective function is an expected value of profit for selling energy. The stochastic market clearing prices only affects the objective function, and particularly, the term corresponding to revenues. The parameters of blocks are interconnected by probability function. To determine required values the recurrent optimization procedure is developed. The criterion of procedure interruption is the required number of stairs in bidding function.

AB - The paper presents an algorithm for electricity market participant to obtain optimal bid under price uncertainty. The model is based on the known probability density functions of forecast prices. The problem is to estimate the parameters of blocks - values of power and their corresponding prices. The objective function is an expected value of profit for selling energy. The stochastic market clearing prices only affects the objective function, and particularly, the term corresponding to revenues. The parameters of blocks are interconnected by probability function. To determine required values the recurrent optimization procedure is developed. The criterion of procedure interruption is the required number of stairs in bidding function.

UR - https://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=tsmetrics&SrcApp=tsm_test&DestApp=WOS_CPL&DestLinkType=FullRecord&KeyUT=000927961700051

M3 - Conference contribution

SN - 978-1-4799-7462-7

SP - 251

EP - 254

BT - 014 55TH INTERNATIONAL SCIENTIFIC CONFERENCE ON POWER AND ELECTRICAL ENGINEERING OF RIGA TECHNICAL UNIVERSITY (RTUCON)

PB - Institute of Electrical and Electronics Engineers Inc.

CY - NEW YORK

ER -

ID: 35448764