Engineering Interrelated Electricity Markets: An Agent-Based Computational Approach (Contributions To Management Science)
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Engineering Interrelated Electricity Markets: An Agent-Based Computational Approach (Contributions To Management Science)

by Anke Weidlich (Author),
Physica-Verlag HD (Publisher)
Product Specifications
Book Description
Due to the characteristics of electricity, power markets rank among the most complex markets operated at present. The requirements of an environmentally sustainable, economically efficient, and secure energy supply have resulted in the emergence of several interrelated markets that have to be carefully engineered in order to ensure efficient market outcomes. This book presents an agent-based simulation model that facilitates electricity market research. Simulation outcomes from this model are validated against price data from German power markets. The results significantly contribute to existing research in agent-based simulation and electricity market modeling, and provide insights into the impact of the market structure and market design on electricity prices. The book addresses
Book Specifications
ISBN-13 9783790820676
Language English
Binding Hard Bound
Publisher Physica-Verlag HD
Publishing Date 2008-12-01
Product Edition 1st Edition