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Study of strategic behavior impact in the spot market on capacity expansion using a linearised EPEC

E. Centeno, S. Wogrin, J. Barquín

INFORMS Anual Meeting - INFORMS 2012, Phoenix (Estados Unidos de América). 14-17 octubre 2012


Resumen:

Capacity expansion decisions are represented using a bilevel approach (EPEC). In the upper level the competing generation companies maximize their individual profits, while the lower level represents the spot markets using a conjectured price-response approach. This model is linearised and solved to show the solution variation with respect to the level of competence in the spot market and that the market equilibrium can have multiple solutions with investments level that vary significantly.


Fecha de publicación: 14-oct-2012


Cita:
E. Centeno, S. Wogrin, J. Barquín, "Study of strategic behavior impact in the spot market on capacity expansion using a linearised EPEC", presentado en INFORMS Anual Meeting - INFORMS 2012, Phoenix, Estados Unidos de América, 14-17 octubre 2012

    Líneas de investigación:
  • *Análisis de Estrategia a Largo Plazo
    Grupos de investigación:
  • Instituto de Investigación Tecnológica (IIT)

IIT-12-187A

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