Campos Fernández, Francisco Alberto Villar Collado, José Barquín Gil, Julián 2016-01-15T11:28:02Z 2016-01-15T11:28:02Z 2005-01-17 http://hdl.handle.net/11531/5676 Capítulos en libros It is known that Cournot game theory has been one of the theoretical approaches more used to model electricity market behavior. Nevertheless, this approach is highly influenced by the residual demand curves of the market agents, which are usually not precisely known. This imperfect information has normally been studied with Probability Theory, but Possibility Theory might sometimes be more helpful in modeling, not only uncertainty, but also imprecision and vagueness. In this paper, two dual approaches are proposed to compute a robust Cournot equilibrium, when the residual demand uncertainty is modeled with possibility distributions. Additionally, it is shown that these two approaches can be combined into a bi-criteria programming model, which can be solved with an iterative algorithm. Some interesting results for a real-size electricity system show the robustness of the proposed methodology. It is known that Cournot game theory has been one of the theoretical approaches more used to model electricity market behavior. Nevertheless, this approach is highly influenced by the residual demand curves of the market agents, which are usually not precisely known. This imperfect information has normally been studied with Probability Theory, but Possibility Theory might sometimes be more helpful in modeling, not only uncertainty, but also imprecision and vagueness. In this paper, two dual approaches are proposed to compute a robust Cournot equilibrium, when the residual demand uncertainty is modeled with possibility distributions. Additionally, it is shown that these two approaches can be combined into a bi-criteria programming model, which can be solved with an iterative algorithm. Some interesting results for a real-size electricity system show the robustness of the proposed methodology. application/pdf en-GB Sin editorial (Ames, Estados Unidos de América) Libro: 8th International Conference on Probability Methods Applied to Power Systems - PMAPS 2004, Página inicial: 409-414, Página final: Instituto de Investigación Tecnológica (IIT) Application of possibility theory to robust Cournot equilibrium in electricity market info:eu-repo/semantics/bookPart info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/restrictedAccess Electricity market, Cournot game theory, Possibility Theory, Fuzzy programming, Chance constraints Electricity market, Cournot game theory, Possibility Theory, Fuzzy programming, Chance constraints