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Abstract:
Since the information of the generation right trading market is not completely public, a trading individual need develop his advantageous bidding strategies in terms of limited information. This paper makes full use of cellular automata (CA) and directed networks to model dynamic bidding simulation for each which participates in the multivariate generation right trading market among wind farms and thermal units. Firstly, it analyzes the evaluation gains of each trading individual in historical periods and the risk gains of neighborhood individuals in the current period. Secondly, it put forwards transfer matrixes of historical bidding strategies and neighborhood bidding strategies and forms the organic combination of both, leading to a new round bidding strategy among trading individuals. Finally, bidding simulation results are evaluated through R/S analysis and its Hurst parameter. Further, bidding strategies and risk sensitivity are quantitatively analyzed based on an example. The results show that this proposed method can provide an effective and feasible bidding decision in the case of asymmetric information of generation right trading. © 2018, Editorial Board of Journal of Systems Engineering Society of China. All right reserved.
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System Engineering Theory and Practice
ISSN: 1000-6788
Year: 2018
Issue: 3
Volume: 38
Page: 794-806
Cited Count:
WoS CC Cited Count: 0
SCOPUS Cited Count: 1
ESI Highly Cited Papers on the List: 0 Unfold All
WanFang Cited Count:
Chinese Cited Count:
30 Days PV: 0
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