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• W2169188423 abstract "In this paper we give an overview of the Electricity Market Complex Adaptive System (EMCAS) model. EMCAS uses the agent-based modeling and simula- tion (ABMS) technique to model the market participants in electricity markets as different agents with different strategies, risk preferences, and objectives. The complex operations of an electricity market can be simulated across several time horizons from day-ahead scheduling to long- term expansion planning. The methodology used in the model is discussed and a central European case is utilized to illustrate how EMCAS can be used to analyze a power system's operation under various assumptions. The results show the effectiveness of the model, and how the ABMS approach allows the testing of different market conditions." @default.
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• W2169188423 date "2009-04-01" @default.
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• W2169188423 title "MULTI-AGENT SYSTEM FOR SHORT AND LONG-TERM POWER MARKET SIMULATIONS" @default.
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