Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Transmission System Augmentation Based on the Concepts of Quantity Withheld and Monopoly Rent for Reducing Market Power
Swinburne University of Technology, Australia.
2010 (English)In: IEEE Transactions on Power Systems, ISSN 0885-8950, E-ISSN 1558-0679, ISSN 0885-8950, Vol. 25, no 1, 167-180 p.Article in journal (Refereed) Published
Abstract [en]

This paper proposes two mathematical structures for considering the market power effect of transmission capacity in transmission augmentation assessment. These mathematical structures use the concepts of monopoly rent and quantity withheld in economics for market power modeling in the assessment process of transmission augmentation. The simultaneous-move and sequential-move games in applied mathematics are used to model the interactions of the transmission network service provider, generating companies, and the market management company in the proposed mathematical structures. The solution concept of Nash equilibria is reformulated as an optimization problem, and the multiple Nash equilibria is tackled through an introduced concept termed worst Nash equilibrium. A numerical solution is developed to solve the proposed mathematical structures. The numerical solution is an island parallel genetic algorithm nested in a standard genetic algorithm. The six-bus Garver's example system and the IEEE 14-bus test system are modified and studied. The results prove the strong mechanism of the developed structures for modeling the market power effect of transmission capacity in the assessment of transmission augmentation.

Place, publisher, year, edition, pages
2010. Vol. 25, no 1, 167-180 p.
Keyword [en]
Game theory, Market power, Nash equilibria, Transmission system augmentation, Applied mathematics, Assessment process, Generating companies, Island parallel genetic algorithms, Mathematical structure, Nash Equilibrium, Numerical solution, Optimization problems, Solution concepts, Standard genetic algorithm, Test systems, Transmission capacities, Transmission networks, Transmission systems, Ad hoc networks, Commerce, Competition, Electric power transmission, Numerical analysis, Telecommunication networks, Transmissions
National Category
Electrical Engineering, Electronic Engineering, Information Engineering
Identifiers
URN: urn:nbn:se:kth:diva-79303DOI: 10.1109/TPWRS.2009.2036823ISI: 000273930800019Scopus ID: 2-s2.0-76649144781OAI: oai:DiVA.org:kth-79303DiVA: diva2:495345
Note

QC 20120217

Available from: 2012-02-08 Created: 2012-02-08 Last updated: 2017-12-07Bibliographically approved

Open Access in DiVA

No full text

Other links

Publisher's full textScopus

Search in DiVA

By author/editor
Hesamzadeh, Mohammad
In the same journal
IEEE Transactions on Power Systems
Electrical Engineering, Electronic Engineering, Information Engineering

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 32 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf