Modeling Dynamic Procurement Auctions of Standardized Supply Contracts in Electricity Markets including Bidders Adaptation

Descendant Clock Auctions have been increasingly used in power markets. Traditional approaches are focused on discovering the bidders’ best response but neglecting the bidders’ adaptation. This paper presents an algorithm based on decision theory to estimate the bidders’ behavior along the auction....

Full description

Autores:
Torres-Valderrama, Henry Camilo
Gallego-Vega, Luis Eduardo
Tipo de recurso:
Article of journal
Fecha de publicación:
2015
Institución:
Universidad Nacional de Colombia
Repositorio:
Universidad Nacional de Colombia
Idioma:
spa
OAI Identifier:
oai:repositorio.unal.edu.co:unal/60695
Acceso en línea:
https://repositorio.unal.edu.co/handle/unal/60695
http://bdigital.unal.edu.co/59027/
Palabra clave:
62 Ingeniería y operaciones afines / Engineering
Dynamic Auction Model
Descending Clock Auction
Electric Energy Regulation
Colombian Electric Energy Market
Rights
openAccess
License
Atribución-NoComercial 4.0 Internacional