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Operations Research, Systems Engineering and Industrial Engineering Commons

Open Access. Powered by Scholars. Published by Universities.®

1998

Economics

Articles 1 - 2 of 2

Full-Text Articles in Operations Research, Systems Engineering and Industrial Engineering

Service Identification And Allocation In Market-Based Power System Operation , Jian Fu Jan 1998

Service Identification And Allocation In Market-Based Power System Operation , Jian Fu

Retrospective Theses and Dissertations

In the market-based power system operation environment, ancillary services and other interconnected services are necessary to to maintain the secure and reliable operation of the transmission system. Service identification and allocation, together with congestion management, become important functions in the day- ahead scheduling of the independent system operator (ISO);In this dissertation, a general framework for service identification and congestion management was proposed. Based on a set of market model assumptions and the anticipated behaviors of the market participants, the individual profits of the market participants were analyzed. An overall profit maximization was proposed as the desired objective function. Because ...


Profiting From Competition: Financial Tools For Electric Generation Companies , Charles William Richter Jr. Jan 1998

Profiting From Competition: Financial Tools For Electric Generation Companies , Charles William Richter Jr.

Retrospective Theses and Dissertations

Regulations governing the operation of electric power systems in North America and many other areas of the world are undergoing major changes designed to promote competition. This process of change is often referred to as deregulation. Participants in deregulated electricity systems may find that their profits will greatly benefit from the implementation of successful bidding strategies. While the goal of the regulators may be to create rules which balance reliable power system operation with maximization of the total benefit to society, the goal of generation companies is to maximize their profit, i.e., return to their shareholders. The majority of ...