Strategic Bidding Issues in Power System: An Empirical State-ofthe-Art Developments
Journal Title: IOSR Journal of Dental and Medical Sciences (IOSR-JDMS) - Year 2017, Vol 17, Issue 2
Abstract
Strategic bidding issues in electricity markets are extensively investigated in power systems, often by modeling multifaceted bi-level optimization issues, which are hard enough to resolve. The conventional approach for resolving such issues is to redesign them as MILPs. Anyhow, the computational time of such MILP modelings rises considerably, once there is an increase in the size of network. In addition, scheduling horizon also rises, and randomness is taken into account. This survey intends to review various topics to solve strategic bidding issues. Accordingly, the algorithmic classification for the surveyed papers was analyzed and portrayed. In addition, the performance measures and the maximum performance achievements are also analyzed and demonstrated in this survey.
Authors and Affiliations
Naresh Kumar Yadav
Keywords
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