KIEE International Transactions on Power Engineering

The Korean Institute of Electrical Engineers (대한전기학회)
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Bidding Strategy Determination by Defining Strategic Vector

  • Kang, Dong-Joo (Electricity Market Technology Research Group, ETRL, KERI) ;
  • Kim, Balho H. (Dept. of Electrical and Electronic Engineering, Hongik University) ;
  • Chung, Koo-Hyung (Dept. of Electrical and Electronic Engineering, Hongik University) ;
  • Moon, Young-Hwan (Electricity Market Technology Research Group, ETRL, KERI)
  • Published : 2003.01.01
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Abstract

This paper presents a schematic process based on the method of eliminating dominated strategies to obtain the optimal bidding strategy Pursuing the Nash equilibrium Point. The Proposed approach is demonstrated for a bidding game in a generation competitive market with 2-dimensional bidding strategy vectors constituting a price-quantity strategy curve.

Keywords

References

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