Non-Smooth Dynamics in Energy Market Models: A Complex Approximation from System Dynamics and Dynamical Systems Approach

This paper reports a general model that describes the supply and demand of electricity in a national market based on the system dynamics (SD) approach. From the resulting SD model, it derives piecewise smooth (non-smooth) differential equations from the nonlinear functions and feedback cycles of the...

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Autores:

Tipo de recurso:

Fecha de publicación:

2020

Institución:

Universidad de Medellín

Repositorio:

Repositorio UDEM

Idioma:

eng

OAI Identifier:

oai:repository.udem.edu.co:11407/5985

Acceso en línea:

http://hdl.handle.net/11407/5985

Palabra clave:

Complexity
dynamic systems
energy markets
energy policy
Fillipov systems
modeling
non-smooth dynamic
power markets
simulations
system dynamics
Differential equations
Dynamical systems
Nonlinear equations
Power markets
System theory
Dynamical systems approach
Energy market modeling
Equilibrium point
Investment decisions
Non-smooth dynamics
Non-smooth vector fields
Nonlinear functions
Supply and demand
Investments

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License

http://purl.org/coar/access_right/c_16ec