A Multi-agent Simulation Model Considering the Bounded Rationality of Market Participants: An Example of GENCOs Participation in the Electricity Spot Market.
Zhanhua PanZhaoxia JingTianyao JiYuhui SongPublished in: MABS (2023)
Keyphrases
- simulation model
- electricity markets
- bounded rationality
- market participants
- multi agent
- power generation
- spot market
- software agents
- decision making
- rational agents
- market clearing
- bidding strategies
- multi agent systems
- intelligent agents
- cooperative
- mathematical model
- pricing strategies
- multiagent systems
- reinforcement learning
- garch model
- autonomous agents
- business models
- dynamic programming
- coalition formation
- expert systems