Methodological Approach for the Study and Representation of Complex Behaviors on Electricity Markets
In the this paper, we show a methodological summary to simulate and understand the complex behavior of energy market models. The goal of this work is to propose the business approach of system dynamics, with the dynamical systems and its mathematical point of view. Additionally we present two ways t...
- Autores:
-
Valencia-Calvo, Johnny
Franco-Cardona, Carlos Jaime
Olivar-Tost, Gerard
Dyner, Isaac
- Tipo de recurso:
- Fecha de publicación:
- 2016
- Institución:
- Universidad EAFIT
- Repositorio:
- Repositorio EAFIT
- Idioma:
- spa
- OAI Identifier:
- oai:repository.eafit.edu.co:10784/11298
- Acceso en línea:
- http://publicaciones.eafit.edu.co/index.php/ingciencia/article/view/3355
http://hdl.handle.net/10784/11298
- Palabra clave:
- Complex behavior
system dynamics
Poincare maps
dynamical systems
energy markets
methodology
modeling and simulation
Complejidad
sistemas dinámicos
mapas de Poincaré
dinámica de sistemas
mercados energéticos
metodología
modelado y simulación
- Rights
- License
- Copyright (c) 2016 Ingeniería y Ciencia | ing.cienc.
Summary: | In the this paper, we show a methodological summary to simulate and understand the complex behavior of energy market models. The goal of this work is to propose the business approach of system dynamics, with the dynamical systems and its mathematical point of view. Additionally we present two ways to perform sensitivity analysis on models based on system dynamics. The first one is numerical sensitivity analysis, and the second one is using Poincaré maps. Finally, we conclude that there is complementarity between the mathematical framework and the business applications for the market. This will allow us to achieve greater exploitation for our models. |
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