Publications [#292947] of Rafael Dix-Carneiro

Journal Articles

1. Barroso, LA; Carneiro, RD; Granville, S; Pereira, MV; Fampa, MHC, Nash equilibrium in strategic bidding: A binary expansion approach, IEEE Transactions on Power Systems, vol. 21 no. 2 (May, 2006), pp. 629-638, Institute of Electrical and Electronics Engineers (IEEE), ISSN 0885-8950 [doi]
   (last updated on 2024/04/24)

   Abstract:
   This paper presents a mixed integer linear programming solution approach for the equilibrium problem with equilibrium constraints (EPEC) problem of finding the Nash equilibrium (NE) in strategic bidding in short-term electricity markets. A binary expansion (BE) scheme is used to transform the nonlinear, nonconvex, NE problem into a mixed integer linear problem (MILP), which can be solved by commercially available computational systems. The BE scheme can be applicable to Cournot, Bertrand, or joint price/quantity bidding models. The approach is illustrated in case studies with configurations derived from the 95-GW Brazilian system, including unit-commitment decisions to the price-maker agents. © 2006 IEEE.