Showing 1 - 10 of 82
This paper investigates the optimal bidding strategy (supply function) for a generator offering power into a wholesale electricity market. The model has three characteristics: the uncertainties facing the generator are described by a single probability function, namely the market distribution...
Persistent link: https://www.econbiz.de/10009458057
In this paper, we consider the optimal policy for a generator offering power into a wholesale electricity market operating under a pool arrangement. Anderson and Philpott [Math. Oper. Res., 27 (2002), pp. 82--100] recently discussed necessary conditions for an optimal offer curve when there is...
Persistent link: https://www.econbiz.de/10009458060
Persistent link: https://www.econbiz.de/10007277103
In this paper we investigate the optimal supply function for a generator who sells electricity into a wholesale electricity spot market and whose profit function is not smooth. In previous work in this area, the generator’s profit function has usually been assumed to be continuously...
Persistent link: https://www.econbiz.de/10010847799
Conditional value at risk (CVaR) has been widely used as a risk measure in finance. When the confidence level of CVaR is set close to 1, the CVaR risk measure approximates the extreme (worst scenario) risk measure. In this paper, we present a quantitative analysis of the relationship between the...
Persistent link: https://www.econbiz.de/10010857373
In this paper we investigate the optimal supply function for a generator who sells electricity into a wholesale electricity spot market and whose profit function is not smooth. In previous work in this area, the generator’s profit function has usually been assumed to be continuously...
Persistent link: https://www.econbiz.de/10010950204
This paper discusses the way that different operational characteristics including existing capacity, scale economies, and production policy have an important influence on the capacity outcomes when firms compete in the market place. We formulate a game-theoretical model where each firm has an...
Persistent link: https://www.econbiz.de/10011097740
Persistent link: https://www.econbiz.de/10011161945
Persistent link: https://www.econbiz.de/10010104464
Persistent link: https://www.econbiz.de/10010056096