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http://hdl.handle.net/11531/5726
Título : | Expansion Planning in Electricity Markets. Two different approaches Proceedings |
Autor : | Ventosa Rodríguez, Mariano Denis Corrales, Rafael Redondo, C. |
Fecha de publicación : | 24-jun-2002 |
Editorial : | Sin editorial (Sevilla, España) |
Resumen : | This paper presents two different approaches to model expansion planning in electricity markets under imperfect competitive conditions. Both approaches ocnsider a market in which firms compete in quantity as in the Nash-Cournot game. However, the two models differ from each other in how earch firm makes its expansion-planning decisions. In the first model, the key assumption that permits its formulation as a Mixed Linead Complementarity Problem (LCP) is that firms not only decide their output in a Cournot manner but also their new generating capacity. In contrast, in the second model, there is a leader firm that anticipates the reaction of the follower firms as in the Stackelberg game. The latter model is formulated as a Mathematical Program with Equilibriun Constraints (MPE), wherein the leader firm decides its optimal new capacity subject to a set of market equilibrium constraints. Both models have been implemented in GAMS. A simple example is also presented to illustrate their comparison and application. |
Descripción : | Capítulos en libros |
URI : | http://hdl.handle.net/11531/5726 |
Aparece en las colecciones: | Artículos |
Ficheros en este ítem:
Fichero | Descripción | Tamaño | Formato | |
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IIT-02-068A.pdf | 305,56 kB | Adobe PDF | Visualizar/Abrir Request a copy |
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