Study of strategic behavior impact in the spot market on capacity expansion using a linearised EPEC

Efraim Centeno; Sonja Wogrin; Julián Barquín

Study of strategic behavior impact in the spot market on capacity expansion using a linearised EPEC

Efraim Centeno, Sonja Wogrin, Julián Barquín

Publikation: Konferenzbeitrag › Abstract › Begutachtung

Abstract

Capacity expansion decisions are represented using a bilevel approach (EPEC). In the upper level the competing generation companies maximize their individual profits, while the lower level represents the spot markets using a conjectured price-response approach. This model is linearised and solved to show the solution variation with respect to the level of competence in the spot market and that the market equilibrium can have multiple solutions with investments level that vary significantly.

Originalsprache	englisch
Publikationsstatus	Veröffentlicht - 2012
Extern publiziert	Ja
Veranstaltung	INFORMS 2012 Annual Meeting - Phoenix, USA / Vereinigte Staaten Dauer: 14 Okt. 2012 → 17 Okt. 2012

Konferenz

Konferenz	INFORMS 2012 Annual Meeting
Land/Gebiet	USA / Vereinigte Staaten
Ort	Phoenix
Zeitraum	14/10/12 → 17/10/12

Dieses zitieren

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abstract = "Capacity expansion decisions are represented using a bilevel approach (EPEC). In the upper level the competing generation companies maximize their individual profits, while the lower level represents the spot markets using a conjectured price-response approach. This model is linearised and solved to show the solution variation with respect to the level of competence in the spot market and that the market equilibrium can have multiple solutions with investments level that vary significantly.",

author = "Efraim Centeno and Sonja Wogrin and Juli{\'a}n Barqu{\'i}n",

year = "2012",

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TY - CONF

T1 - Study of strategic behavior impact in the spot market on capacity expansion using a linearised EPEC

AU - Centeno, Efraim

AU - Wogrin, Sonja

AU - Barquín, Julián

PY - 2012

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N2 - Capacity expansion decisions are represented using a bilevel approach (EPEC). In the upper level the competing generation companies maximize their individual profits, while the lower level represents the spot markets using a conjectured price-response approach. This model is linearised and solved to show the solution variation with respect to the level of competence in the spot market and that the market equilibrium can have multiple solutions with investments level that vary significantly.

AB - Capacity expansion decisions are represented using a bilevel approach (EPEC). In the upper level the competing generation companies maximize their individual profits, while the lower level represents the spot markets using a conjectured price-response approach. This model is linearised and solved to show the solution variation with respect to the level of competence in the spot market and that the market equilibrium can have multiple solutions with investments level that vary significantly.

M3 - Abstract

T2 - INFORMS 2012 Annual Meeting

Y2 - 14 October 2012 through 17 October 2012

ER -