Publication Details

Modelling the Electricity Markets using Mathematical Game Theory

HRUBÝ, M.; TOUFAR, J. Modelling the Electricity Markets using Mathematical Game Theory. Proceedings of the 15th IASTED International Conference on APPLIED SIMULATION AND MODELLING. Proceedings of the 15th IASTED International Conference on Applied Simulation and Modelling. Calgery: ACTA Press, 2006. p. 352-357. ISSN: 1021-8181.

Czech title

Modelování trhu s elektřinou prostředky matematické teorie her

Type

conference paper

Language

English

Authors

Hrubý Martin, Ing., Ph.D. (DITS)
Toufar Jan

Keywords

game theory, electricity markets, modelling

Abstract

This paper brings an overview of our latest work on modelling andsimulation of czech market with electricity and ancillary services(AS). Describedmodel has been implemented as a certain simulation module called MODPROincluded in our very large model product called MAES. We employ wellknown mathematical game theory to model probable behavior ofelectricity manufactures on this market. Saying behavior we mean theirdecisions in price competetion.

Annotation

This paper brings an overview of our latest work on modelling and simulation of czech market with electricity and ancillary services (AS). Described model has been implemented as a certain simulation module called MODPRO included in our very large model product called MAES. We employ well known mathematical game theory to model probable behavior of electricity manufactures on this market. Saying behavior we mean their decisions in price competition.

Published

2006

Pages

352–357

Journal

Proceedings of the 15th IASTED International Conference on Applied Simulation and Modelling, vol. 522, no. 1, ISSN 1021-8181

Proceedings

Proceedings of the 15th IASTED International Conference on APPLIED SIMULATION AND MODELLING

Conference

The 15th IASTED International Conference on APPLIED SIMULATION AND MODELLING, Rhodes, Greece, GR

Publisher

ACTA Press

Place

Calgery

BibTeX

@inproceedings{BUT22239,
  author="Martin {Hrubý} and Jan {Toufar}",
  title="Modelling the Electricity Markets using Mathematical Game Theory",
  booktitle="Proceedings of the 15th IASTED International Conference on APPLIED SIMULATION AND MODELLING",
  year="2006",
  journal="Proceedings of the 15th IASTED International Conference on Applied Simulation and Modelling",
  volume="522",
  number="1",
  pages="352--357",
  publisher="ACTA Press",
  address="Calgery",
  issn="1021-8181"
}