Computation of extremal-nash equilibria in a wholesale power market using a single-stage MILP
2012 (English)In: IEEE Transactions on Power Systems, ISSN 0885-8950, Vol. 27, no 3, 1706-1707 p.Article in journal (Refereed) Published
This letter proposes a new approach to the computation of extremal-Nash equilibria in a wholesale power market with transmission constraints. The approach uses linearization techniques to formulate the extremal-Nash equilibrium problem as a single-stage mixed-integer linear programming problem which can be solved with standard software. Through the introduced concept of extremal-Nash equilibria, the derived structure can efficiently locate all Nash equilibria of the game. We show that this approach offers significant performance improvements over existing approaches to computing Nash equilibria.
Place, publisher, year, edition, pages
2012. Vol. 27, no 3, 1706-1707 p.
Extremal-Nash equilibria, mixed-integer linear programming (MILP), terms-market power
Electrical Engineering, Electronic Engineering, Information Engineering
IdentifiersURN: urn:nbn:se:kth:diva-101308DOI: 10.1109/TPWRS.2012.2187120ISI: 000309996500060ScopusID: 2-s2.0-84864280937OAI: oai:DiVA.org:kth-101308DiVA: diva2:547137
QC 201208272012-08-272012-08-272013-04-16Bibliographically approved