STOCHASTIC MARKET-CLEARING OF JOINT ENERGY AND RESERVES AUCTIONS

DOI10.1142/S0217595910002879zbMATH Open1203.90193OpenAlexW2044675296MaRDI QIDQ3069760FDOQ3069760

Authors Jamshid Aghaei, Heidar Ali Shayanfar, N. Amjady 

Publication date 19 January 2011

Published in Asia-Pacific Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1142/s0217595910002879

zbMATH Keywords

stochastic optimizationmarket clearingreserve requirementslost opportunity cost

Mathematics Subject Classification ID

Applications of mathematical programming (90C90) Case-oriented studies in operations research (90B90) Mixed integer programming (90C11)

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Cites work

• CORRELATIONS IN STOCHASTIC PROGRAMMING: A CASE FROM STOCHASTIC SERVICE NETWORK DESIGN
• Cost-benefit analysis and MILP for optimal reserve capacity determination in power system
• FINANCIAL RATIO ANALYSIS OF THE ELECTRIC POWER INDUSTRY
• Oligopoly models for market price of electricity under demand uncertainty and unit reliability
• Optimal capacity allocation in multi-auction electricity markets under uncertainty
• Stochastic programming for optimizing bidding strategies of a Nordic hydropower producer

Cited in

(10)

• A new approach for reserve market clearing and cost allocating in a pool model
• A market-based approach for enabling inter-area reserve exchange
• A Stochastic Electricity Market Clearing Formulation with Consistent Pricing Properties
• An integrated market for electricity and natural gas systems with stochastic power producers
• Co-optimization of energy and ancillary service markets
• Optimal procurement of flexibility services within electricity distribution networks
• An auction approach for cost and schedule management of IT outsourcing project
• A robust optimization approach to energy and reserve dispatch in electricity markets
• Multistage stochastic power generation scheduling co-optimizing energy and ancillary services
• A proposed model for co-optimization of energy and reserve in competitive electricity markets

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