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Keyword: Bidding strategy
Evaluation of the Effects of Bidding Strategy with Customized Pricing on the Individual Prosumer in a Local Energy Market
Peer-to-peer (P2P) energy trading is a mechanism that allows people to share locally the energy they have generated from distributed renewable resources (DER), to generate profit form the unused resources and to reduce the cost for electricity for the household and in the community itself. This calls for the design of new energy markets, accompanied…
Read More Multi-attribute Reverse Auction Design Based on Fuzzy Data Envelopment Analysis Approach
Multi-attribute reverse auction is widely used for the procurements of enterprises or governments. To overcome the difficulty of identifying bidding attribute weight and score function of the buyer, the multi-round auction and bidding models with multiple winners are established based on fuzzy data envelopment analysis. The winner determination model of the buyer considers the integrated…
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