• 제목/요약/키워드: bidding price

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Using Neural Networks to Forecast Price in Competitive Power Markets

  • Sedaghati, Alireza
    • 제어로봇시스템학회:학술대회논문집
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    • 제어로봇시스템학회 2005년도 ICCAS
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    • pp.271-274
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    • 2005
  • Under competitive power markets, various long-term and short-term contracts based on spot price are used by producers and consumers. So an accurate forecasting for spot price allow market participants to develop bidding strategies in order to maximize their benefit. Artificial Neural Network is a powerful method in forecasting problem. In this paper we used Radial Basis Function(RBF) network to forecast spot price. To learn ANN, in addition to price history, we used some other effective inputs such as load level, fuel price, generation and transmission facilities situation. Results indicate that this forecasting method is accurate and useful.

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온라인 경매에서 인지된 가격공정성을 매개로 한 입찰경쟁 강도 영향요인에 관한 연구 (An Investigation into Factors Influencing Competition Intensity in the Online Auction: A Mediating Role of Perceived Price Fairness)

  • 박상철;김종욱
    • Asia pacific journal of information systems
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    • 제17권1호
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    • pp.95-121
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    • 2007
  • There are recently several studies of online auctions which have focused on exploring a bidder's bidding behavior in IS area. Those studies, however, have been limited to account for bidders' bidding behavior in the view of TAM and trust, not considering perceived price fairness and competition intensity. Although this view point seems reasonable in the online auction sites, few previous studies employing this perspective are found in the relevant literatures. Based on it, this study developed a comprehensive model based on trust and TAM in terms of perceived price fairness to explain competition intensity in the online auction sites. This study collected 269 survey responses from online bidders who have prior experiences with online auction sites. The survey data are used to empirically verify 11 research hypothesis by using LISREL. The results indicate that trust in websites, trust in sellers and perceived usefulness have significant impacts on perceived price fairness. Finally, perceived price fairness is strongly related to competition intensity in the online auction. This study ends with theoretical and managerial implications, as well as limitations and future research.

A Study on Performance Analyses of Korea's Bidding and Contract Systems for Public Construction Projects

  • Beak, Seung-Ho;Kang, Tai-Kyung;Park, Wonyoung;Lee, Yoo-Sub
    • Journal of Construction Engineering and Project Management
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    • 제5권3호
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    • pp.18-28
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    • 2015
  • Bidding and contract systems are used for public construction projects to select contractors following fair competition principles and to execute national budgets effectively. Many challenges have arisen due to a lack of transparency and fairness and because bidding practices have been luck-based. Few comprehensive or comparative analyses have been conducted on the performance and limitations of bidding and contract systems, and empirical analyses designed to improve policies on and the practice of such systems are lacking. This study empirically analyzed current bidding and contract systems to seek ways of improving them. The study proposes several alternatives to resolve the problems with and irrationalities of the current system: 1) improving bidding and selection systems by changing them from a luck-based price competition into a technical merit- and value-based competition; 2) improving the assessment criteria to meet the current market level of bid and winning prices; 3) adjusting contractual responsibilities and sharing structures to meet the current trend; and 4) strengthening the competitiveness and expanding the social responsibility-based procurement systems of construction companies.

MoCAAS: Auction Agent System Using a Collaborative Mobile Agent in Electronic Commerce

  • Lee, Kwang-Yong;Yoon, Jung-Sup;Jo, Geun-Sik
    • 한국지능정보시스템학회:학술대회논문집
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    • 한국지능정보시스템학회 2001년도 The Pacific Aisan Confrence On Intelligent Systems 2001
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    • pp.83-88
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    • 2001
  • To get the items that a buyer wants in Internet auction. he must search for the items through several auction sites. When the bidding starts, he(the buyer) needs to connect to these auction sites frequently so that he can monitor the bid stats and re-bid. A reserve-price auction reduces the number of connections, but this limits the user's bidding strategy. Another problem is equity between the buyer and the seller. Both the buyer and the seller should profit together within proper limits. In this paper, we propose an auction agent system using a collaborative mobile agent and a brokering mechanism called MoCAAS (Mobile Collaborative Auction Agent System), which mediates between the buyer and the seller and executes bidding asynchronously and autonomously. This reduces connection costs. offers more intelligent bidding and solves the equity problem.

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Modeling of an Electricity Market Including Operating Reserve and Analysis of Supplier's Bidding Strategies

  • Shin Jae-Hong;Lee Kwang-Ho
    • KIEE International Transactions on Power Engineering
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    • 제5A권4호
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    • pp.396-402
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    • 2005
  • In an electricity market with imperfect competition, participants devise bidding plans and transaction strategies to maximize their own profits. The market price and the quantity are concerned with the operation reserve as well as the bidding system and demand curves in an electricity market. This paper presents a market model combined by an energy market and an operating reserve market. The competition of the generation producers in the combined market is formulated as a gaming of selecting bid parameters such as intersections and slopes in bid functions. The Nash Equilibrium (NE) is analyzed by using bi-level optimization; maximization of Social Welfare (SW) and maximization of the producers' profits.

건설공사 입 ${\cdot}$ 낙찰제도의 문제점 및 개선방안;대한주택공사의 발주공사를 중심으로 (The Problem Analysis and Improvement Plans to the Bidding System of Construction Works)

  • 정진팔;박문선;김용수
    • 한국건설관리학회:학술대회논문집
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    • 한국건설관리학회 2007년도 정기학술발표대회 논문집
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    • pp.704-709
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    • 2007
  • 본 연구는 공동주택 공사를 전문적으로 발주하는 대한주택공사가 가지고 있는 입 ${\cdot}$ 낙찰제도의 문제점 및 개선방안을 제시하고자 실시하였다. 이를 위하여 전자조달시스템을 이용해 2001년부터 2005년 10월 까지 대한주택공사의 입 ${\cdot}$ 낙찰 현황 자료를 조사하였다. 위와 같은 과정을 통해 조사한 내용을 공종별 발주추이와 낙찰률, 최저가 낙찰제와 등급별 대상공사 실태 별로 각각 분류하여 분석을 실시하였다. 상기와 같은 목적과 방법에 따라 진행된 본 연구의 결과를 요약하면 다음과 같다: 1) 통계자료를 통하여 대한주택공사에서 발주한 공사의 현황을 분석한 결과 낙찰률의 하락과 특정등급에 발주물량이 편중되어 있는 것으로 분석되었다. 2) 입 ${\cdot}$ 낙찰제도의 문제점 및 대한주택공사와 용역을 제공하는 업체를 위한 효과적인 개선방안을 제시하자면 다음과 같다. 첫째, 적격심사제도와 최저가 심사제의 보완이 필요하다. 둘째, 낙찰률과 발주물량을 조정하여야 한다. 셋째, PQ제도의개선 및 공종별 유자격자 명부제로의 전환이 필요하다.

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캐나다 오일, 가스 산업 최신 동향 분석 (The Recent Trend on Oil and Gas Industry in Canada)

  • 서형준;문상호;권순일
    • 한국가스학회지
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    • 제21권2호
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    • pp.10-19
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    • 2017
  • 본 연구에서는 캐나다 오일, 가스 사업의 현황과 특성들을 분석하고 이를 기반으로 오일, 가스 개발 및 생산을 위한 광권, 광구 투자의 개략적인 가이드라인을 제시하였다. 캐나다 서부 퇴적분지는 11개 정도의 주요 지층으로 구분되는데 이중 몬트니, 카디움, 바이킹, 바켄 지층을 중심으로 개발이 진행되고 있다. 하지만 2014년 이후 지속된 저유가로 캐나다 내 시추는 2016년 1분기 기준 총 1,917공이 수행되어, 2014년 1분기의 5,724공, 2015년 1분기의 3,365공에 비하여 각각 67%, 43% 감소하였다. 또한, 저유가의 영향으로 오일, 가스 광구 거래 가격은 매장량 및 생산량 기준 평균 2011년 최고치 대비 34~47% 감소하였고, 개발을 위한 앨버타주 광권의 입찰금액, 입찰면적, 단위 면적당 입찰 가격은 2011년 최고치 대비 평균 81~97% 감소하였다. 이런 이유로 국내 기업의 캐나다 석유사업 진출이 매우 유리한 상황이고, 특히 대규모 투자가 요구되는 광구 매입에 비하여 소규모 투자로 오일, 가스 사업 진출이 가능하고 광구가격 대비 하락폭이 매우 큰 광권 확보가 가능한 최적 시기로 판단된다.

PBP(Price Based Pool) 발전경쟁시장에서의 최적입찰전략수립 (Optimal Bidding Strategy of Competitive Generators under Price Based Pool)

  • 강동주;문영환;오태규;김발호
    • 대한전기학회:학술대회논문집
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    • 대한전기학회 2001년도 추계학술대회 논문집 전력기술부문
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    • pp.57-59
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    • 2001
  • The restructuring of power industry is still going on all over the world for last several decades. Many kinds of restructuring model has been studied, proposed, and applied. Among those models, power pool is more popular than others. This paper assumes the power pool market structure having competitive generation sector and a new method is presented to build bidding strategy in that market. The utilities participating in the market have the perfect information on their cost and price functions, but they don't know the strategy to be chosen by others. To define one's strategy as a vector, we make utility's cost/price function into discrete step function. An utility knows only his own strategy, so he estimates the other's strategy using stochastic methods. For considering these conditions, we introduce the Bayesian rules and noncooperative game theory concepts. Also additional assumptions are included for simplification of solving process. Each utility builds the strategy to maximize his own expected profit function using noncooperative Bayesian game. A numerical example is given in case study to show essential features of this approach.

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인터넷 경매를 위한 멀티 에이전트 시스템의 설계 및 구현 (Design and Implement of Multi-agent System for Internet Auction)

  • 김은영;김태석;김광휘
    • 한국컴퓨터산업학회논문지
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    • 제2권3호
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    • pp.321-328
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    • 2001
  • 현존하는 인터넷 경매시스템은 경매하고자하는 상품을 게시하고 그 상품에 대해 경매 입찰자들이 입찰을 제시함으로 해서 최종적으로 경매 시간 내에 가장 높은 입찰가를 제시하는 경매 입찰자에게 거래가 낙찰되는 형식이 사용되고 있다. 하지만 인터페이스 부분에 있어서 사용자의 편의성을 고려하지 않을 뿐만 아니라 경매 참여자에게 지속적인 입찰제시와 확인 등의 여러 가지의 사용자 행위를 요구하므로 전자상거래의 고객 편의를 위한 자동 일괄 처리를 만족시키지 못하고 있다. 본 논문에서는 데이터베이스에 저장되어 있는 경매 상품에 대한 입찰 히스토리와 경매시간, 경매방법, 낙찰가격 등을 계산하여 해당 상품에 대해 판매자가 어느 시기에 얼마의 초기 가격으로 경매를 시작하면 최대한의 마진을 남길 수 있는지에 대해 정보를 메일로 푸쉬해 주는 멀티 에이전트 시스템을 제안한다.

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Development of an Integrated Power Market Simulator for the Korean Electricity Market

  • Hur Jin;Kang Dong-Joo;Moon Young-Hwan
    • KIEE International Transactions on Power Engineering
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    • 제5A권4호
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    • pp.416-424
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    • 2005
  • At present, the Korean electricity industry is undergoing restructuring and the Cost Based-generation Pool (CBP) market is being operated in preparation of a Two Way Bidding Pool (TWBP) market. In deregulated electricity industries, an integrated power market simulator is one of the tools that can be used by market participants and market operators analyzing market behaviors and studying market structures and market codes. In this regard, it is very important to develop an electricity market simulator that reflects market code providing a market operation mechanism. This paper presents the development of an integrated market simulator, called the Power Exchange Simulator (PEXSIM), which is designed to imitate the Korean electricity market considering the various features of the market operating mechanism such as uniform price and constrained on/off payment. The PEXSIM is developed in VB.NET and composed of five modules whose titles are M-SIM, P-SIM, O-SIM, T-SIM and G-SIM interfacing the Access database program. To verify the features and the performance of the PEXSIM, a small Two Way bidding market with a 12-bus system and a One Way bidding market for generator competition will be presented for the electricity market simulations using PEXSIM.