Bidding under price uncertainty in multi-unit pay-as-bid procurement auctions for power systems reserve.
Derk J. SwiderChristoph WeberPublished in: Eur. J. Oper. Res. (2007)
Keyphrases
- multi unit
- power system
- bidding strategies
- auction mechanisms
- combinatorial auctions
- auction protocol
- expected utility
- budget constraints
- trading agent competition
- trading agents
- sealed bid auctions
- false name bids
- power generation
- power grid
- electricity markets
- online auctions
- reverse auction
- winner determination
- resource allocation
- continuous double auctions
- multi attribute
- computational intelligence
- test bed
- decision theory
- empirical data
- electric power systems
- utility function
- machine learning
- mechanism design
- electronic commerce
- mathematical programming
- approximation algorithms
- business models
- supply chain management
- decision theoretic
- multi objective
- robust optimization