Engineering Interrelated Electricity Markets An Agent-Based Computational Approach /

• Main Author: Weidlich, Anke. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic
• Language: English
• Published: Heidelberg : Physica-Verlag HD, 2009.
• Series: Contributions to Management Science,
• Subjects: Engineering.; Information systems.; Engineering economy.; Technology.; Energy Economics.; Operations Research/Decision Theory.; Information Systems Applications (incl.Internet).; Technology Management.
• Online Access: https://ezaccess.library.uitm.edu.my/login?url=http://dx.doi.org/10.1007/978-3-7908-2068-3

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 carefu...

Table of Contents:

• Motivation and Fundamentals: Introduction
• Wholesale Electricity and Emissions Trading
• Agend-Based Computational Economics. An Agent-Based Simulation Model for Interrelated Electricity Markets: Representation of Learning and Adaptation
• The Electricity Sector Simulation Model. Application, Evaluation and Discussion: Simulation scenarios and Results
• Conclusion and Outlook.