A game of clustered electricity generators

Download

index.pdf

Date

2009

Author

Günaydın, Alper

Metadata

Show full item record

Item Usage Stats

114
views

46
downloads

Turkish Electricity Market is modeled as a non-cooperative game with complete information in order to simulate the behavior of market participants and analyze their possible strategies. Player strategies are represented with multipliers in a discrete strategy set. Different market scenarios are tested through different game settings. As the novelty of this thesis, similar market participants are clustered and treated as single players in order to apply game theory in an efficient way. Generators are clustered using Agglomerative Hierarchical Clustering and Square Sum of Deviations is used as the proximity measure. The game is constructed with three players that reflect the main characteristics of the market participants. Clusters and game scenarios are constructed using the real market data of the Turkish Electricity Market at four different time points in 2008 and results are compared. Clustering results reflect the actual installed capacity distribution based on the main companies and fuel types in Turkish Electricity Market. According to four games of clustered electricity generators, when there is not enough competition in the market, dominant player is advised to submit bids with lower price for energy surplus cases and offers with higher price for energy deficit cases. However, when there is competition in the market, players are advised to submit offers with lower price in order to take a share of the limited demand for up-regulation.

Subject Keywords

Industrial engineering.

URI

http://etd.lib.metu.edu.tr/upload/12610623/index.pdf
https://hdl.handle.net/11511/18652

Collections

Graduate School of Natural and Applied Sciences, Thesis

Suggestions

OpenMETU
Core

Application of strategic planning methodology to Republic of Turkey Ministry of Finance Özahçı, Erhan; Şen, Tayyar; Department of Industrial Engineering (2007) In this study, it is aimed to determine and implement a process based strategic planning methodology for Turkish Ministry of Finance. Proposed methodology has been implemented in Ministry of Finance by a TÜBİTAK supported strategic management project in collaboration with Ministry of Finance Strategy Development Unit (MoF_SDU), TÜSSİDE and a private Consultancy Company. This project was a direct consequence of reforms on Public Financial Management and stipulated by the Laws No. 5018 and 5436 which have bee...
R&D project performance evaluation with multiple and interdependent criteria Tohumcu, Zeynep; Karasakal, Esra; Department of Industrial Engineering (2007) In this study, an Analytic Network Process (ANP) and Data Envelopment Analysis (DEA) based approach was developed in order to measure the performance of customer-based Research and Development projects being executed in TÜB TAKSAGE, Defense Research and Development Institute, under the Scientific and Technological Research Council of Turkey. In order to evaluate project performance, many criteria, containing various subcriteria were determined. In order to handle the interdependencies among the criteria and...
An integrated inventory control and vehicle routing problem Solyalı, Oğuz; Süral, Haldun; Department of Industrial Engineering (2005) In this study, we consider a logistics system, in which a single supplier delivers a product to multiple retailers over a finite time horizon. Supplier decides on the amount to order in each period and services retailers facing deterministic dynamic demand via a fleet of vehicles having limited capacity. Each retailer has specific minimum and maximum levels of inventory in an order-up-to level inventory policy setting. The problem is to simultaneously determine the quantity of product to order to the suppli...
Analysis of a two-echelon multi-item inventory system with postponement Eryılmaz, Hande; Meral, Fatma Sedef; Department of Industrial Engineering (2010) Increased product proliferation and global competition are forcing companies within the supply chain to adopt new strategies. Postponement is an effective strategy that allows companies to be agile and cost effective in dealing with the dynamics of global supply chains. Postponement centres around delaying activities in the supply chain until real information about the market is available, which reduces the complexity and uncertainty of dealing with a proliferation of products. A two-echelon divergent suppl...
An evaluation of the reinsepction decision policies for software code inspections Nalbant, Serkan; Köksal, Gülser; Department of Industrial Engineering (2005) This study evaluates a number of software reinspection decision policies for software code inspections with the aim of revealing their effects regarding cost, schedule and quality related objectives of a software project. Software inspection is an effective defect removal technique for software projects. After the initial inspection, a reinspection may be performed for decreasing the number of remaining defects further. Although, various reinspection decision methods are proposed in the literature, no study...

Citation Formats

A. Günaydın, “A game of clustered electricity generators,” M.S. - Master of Science, Middle East Technical University, 2009.