Strategic bidding under uncertainty: a binary expansion approach

By Mario V. F. Pereira, S. Granville, M. Fampa, Rafael Dix, Luiz Augusto N. Barroso. IEEE Transactions on Power Systems, 2005

242 citations recorded by the source corpus.

Subfields: Electrical and Electronic Engineering

View Paper: https://www.semanticscholar.org/paper/e3ea3eda3071036de6ccc46ef5f791305b255095

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In Electrical and Electronic Engineering

Citations in the corpus

Risk-Constrained Bidding Strategy With Stochastic Unit Commitment (2007, methodology): “while, models in [13]–[15] were risk-neutral in the sense that the objective was to maximize expected payoffs.”
Optimal Bidding Strategies for Hydro-Electric Producers: A Literature Survey (2014, background): “The problem is formulated as a bi-level optimization problem and then transformed into a single nonlinear programming problem [20]–[22].”
Generation Capacity Expansion in Liberalized Electricity Markets: A Stochastic MPEC Approach (2011, methodology): “As for the bilinear terms in the objective function, we apply a binary expansion to the variable price , see [23]:”
Nash equilibrium in strategic bidding: a binary expansion approach (2006, methodology): “Consequently, we can use the KKT complementarity conditions as shown in [13], and both variables and simplex multipliers of the ED can be written simultaneously, as shown in the following:”
Electricity Producer Offering Strategies in Day-Ahead Energy Market With Step-Wise Offers (2007, methodology): “Relation (32) is then transformed into the following equivalent linear constraints [8]:”
Multimarket optimal bidding for a power producer (2005, background): “Within an electricity market framework, [9] models in detail the day-ahead market but not other markets, and [10] focuses on hydrodominated systems.”
A Three-Level Static MILP Model for Generation and Transmission Expansion Planning (2013, methodology): “The proposed three-level model is simplified to a one-level formulation, using Fortuny-Amat reformulation [16] and binary expansion discretization [17] in order to convexify it.”
Pool Strategy of a Producer With Endogenous Formation of Locational Marginal Prices (2009, background): “Reference [11] presents a binary expansion solution approach for the problem of strategic offering under uncertainty in shortterm electricity markets.”
A bilevel model for electricity retailers' participation in a demand response market environment (2013, unknown): “For example, Pereira et al. (2005) make use of binary expansion on one of the variables involved in the bilinear term, while a piecewise linear approximation is employed in Vespucci et al. (2013).”