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Bid definition method for electricity markets based on an adaptive multiagent system

dc.contributor.authorPinto, Tiago
dc.contributor.authorVale, Zita
dc.contributor.authorRodrigues, Fátima
dc.contributor.authorMorais, H.
dc.contributor.authorPraça, Isabel
dc.date.accessioned2013-05-09T15:37:42Z
dc.date.available2013-05-09T15:37:42Z
dc.date.issued2011
dc.date.updated2013-04-12T17:03:53Z
dc.description.abstractElectricity markets are complex environments with very particular characteristics. MASCEM is a market simulator developed to allow deep studies of the interactions between the players that take part in the electricity market negotiations. This paper presents a new proposal for the definition of MASCEM players’ strategies to negotiate in the market. The proposed methodology is multiagent based, using reinforcement learning algorithms to provide players with the capabilities to perceive the changes in the environment, while adapting their bids formulation according to their needs, using a set of different techniques that are at their disposal. Each agent has the knowledge about a different method for defining a strategy for playing in the market, the main agent chooses the best among all those, and provides it to the market player that requests, to be used in the market. This paper also presents a methodology to manage the efficiency/effectiveness balance of this method, to guarantee that the degradation of the simulator processing times takes the correct measure.por
dc.identifier.doi10.1007/978-3-642-19875-5_39pt_PT
dc.identifier.isbn978-3-642-19874-8
dc.identifier.isbn978-3-642-19875-5
dc.identifier.issn1867-5662
dc.identifier.urihttp://hdl.handle.net/10400.22/1532
dc.language.isoengpor
dc.publisherSpringer Berlin Heidelbergpor
dc.relation.ispartofseriesAdvances in Intelligent and Soft Computing; Vol. 88
dc.relation.publisherversionhttp://link.springer.com/chapter/10.1007%2F978-3-642-19875-5_39
dc.subjectBid definition methodpor
dc.subjectElectricity marketspor
dc.subjectAdaptive multiagent systempor
dc.titleBid definition method for electricity markets based on an adaptive multiagent systempor
dc.typebook part
dspace.entity.typePublication
oaire.citation.titleAdvances on Practical Applications of Agents and Multiagent Systems - 9th International Conference on Practical Applications of Agents and Multiagent Systemspor
oaire.citation.volumeVol. 88
person.familyNamePinto
person.familyNameVale
person.familyNamePraça
person.givenNameTiago
person.givenNameZita
person.givenNameIsabel
person.identifierR-000-T7J
person.identifier632184
person.identifier299522
person.identifier.ciencia-id2414-9B03-C4BB
person.identifier.ciencia-id721B-B0EB-7141
person.identifier.ciencia-idC710-4218-1BFF
person.identifier.orcid0000-0001-8248-080X
person.identifier.orcid0000-0002-4560-9544
person.identifier.orcid0000-0002-2519-9859
person.identifier.ridT-2245-2018
person.identifier.ridA-5824-2012
person.identifier.ridK-8430-2014
person.identifier.scopus-author-id35219107600
person.identifier.scopus-author-id7004115775
person.identifier.scopus-author-id22734900800
rcaap.rightsclosedAccesspor
rcaap.typebookPartpor
relation.isAuthorOfPublication8d58ddc0-1023-47c0-a005-129d412ce98d
relation.isAuthorOfPublicationff1df02d-0c0f-4db1-bf7d-78863a99420b
relation.isAuthorOfPublicationee4ecacd-c6c6-41e8-bca1-21a60ff05f50
relation.isAuthorOfPublication.latestForDiscovery8d58ddc0-1023-47c0-a005-129d412ce98d

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