Lecture

Bidding Strategies: Game Theory & Market Power

In course

Mollit nostrud dolore fugiat eiusmod mollit. Fugiat cillum consequat pariatur sit et non veniam nisi ut magna eiusmod enim labore ea. Culpa duis dolor commodo tempor est eiusmod anim pariatur elit. Irure laborum occaecat dolor pariatur veniam enim cillum excepteur in consequat. Veniam occaecat sunt laboris id culpa cillum incididunt.

Description

This lecture introduces bidding strategies in power systems, focusing on Game Theory (GT) and its variations. It covers the optimization method for solving decision problems, strategic bidding to maximize profit, and methods like Nash equilibrium. It also discusses system security requirements, ancillary services, and market power phenomena in power systems.

Instructor

Pariatur dolore do sunt nisi. Officia voluptate aliquip adipisicing dolor ut ea eiusmod. Ad excepteur consequat ullamco magna ad ea eu pariatur consectetur ad id et. Adipisicing in fugiat elit ut voluptate. Irure tempor fugiat deserunt ut.

Official source

https://mediaspace.epfl.ch/media/0_5aeb79ph

About this result

This page is automatically generated and may contain information that is not correct, complete, up-to-date, or relevant to your search query. The same applies to every other page on this website. Please make sure to verify the information with EPFL's official sources.

Ontological neighbourhood

Economics

Macroeconomics: Competition, Markets

Microeconomics: Game theory, Supply and demand

Industrial and production engineering

Industrial processes: Machine tool

Environmental science

Environmental policy: Topics in environmental policy

Related lectures (115)

Graph Chatbot

Chat with Graph Search

Ask any question about EPFL courses, lectures, exercises, research, news, etc. or try the example questions below.

DISCLAIMER: The Graph Chatbot is not programmed to provide explicit or categorical answers to your questions. Rather, it transforms your questions into API requests that are distributed across the various IT services officially administered by EPFL. Its purpose is solely to collect and recommend relevant references to content that you can explore to help you answer your questions.