Retailer Risk-Based Trading Decision Making Model Under Price Responsive Demand

被引：0

作者：

Chawda, Sandeep ^{[1
]}

Mathuria, Parul ^{[2
]}

Bhakar, Rohit ^{[1
]}

Sreekumar, Sreenu ^{[1
]}

Prakash, Vivek ^{[1
]}

Teotia, Falti ^{[1
]}

机构：

[1] Malaviya Natl Inst Technol Jaipur, Jaipur, Rajasthan, India

[2] Indian Inst Technol Kanpur, Kanpur, Uttar Pradesh, India

来源：

2017 6TH INTERNATIONAL CONFERENCE ON COMPUTER APPLICATIONS IN ELECTRICAL ENGINEERING - RECENT ADVANCES (CERA) | 2017年

关键词：

Profit; Price elasticity; Retailer; Selling Price; Uncertainty; ELECTRICITY;

D O I：

暂无

中图分类号：

TP39 [计算机的应用];

学科分类号：

081203 ; 0835 ;

摘要：

This work addresses the problem of an electricity retailer who manages two sides of trading; optimal procurement of electricity from wholesale market to minimize the procurement cost and optimal selling price calculation considering a price responsive demand, to maximize revenue. On the procurement side, retailer faces uncertainty of pool electricity price and at sell side, it sets selling price based on the elasticity of its consumer demand. The work contributes by highlighting the impact of demand behavior on a retailer's decision making for different price elasticity and providing informed decision support under pool price uncertainty to address different risk-averse nature of retailers.

引用

页码：169 / 174

页数：6

共 50 条

[21] A novel risk-based decision-making paradigm
Morgado, Pedro
Marques, Fernanda
Silva, Miguel B.
Sousa, Nuno
Cerqueira, Joao J.
FRONTIERS IN BEHAVIORAL NEUROSCIENCE, 2014, 8
[22] Prefrontal Cortical Contribution to Risk-Based Decision Making
St Onge, Jennifer R.
Floresco, Stan B.
CEREBRAL CORTEX, 2010, 20 (08) : 1816 - 1828
[23] Promotion of technical harmonisation on risk-based decision making
Kirchsteiger, C
Cojazzi, G
PSAM 5: PROBABILISTIC SAFETY ASSESSMENT AND MANAGEMENT, VOLS 1-4, 2000, (34): : 1497 - 1504
[24] Dopaminergic modulation of effort and risk-based decision making
Ghods-Sharifi, Sarvin
St. Onge, Jennifer R.
Floresco, Stan B.
NEUROPSYCHOPHARMACOLOGY, 2006, 31 : S207 - S207
[25] RISK-BASED INTEGRITY DECISION MAKING FOR LATERAL PIPING
Kulhawy, Amanda
Nemeth, Alex
Sommer, Garry
Hassanien, Sherif
PROCEEDINGS OF THE 12TH INTERNATIONAL PIPELINE CONFERENCE, 2018, VOL 1, 2018,
[26] USE OF PROGNOSTICS IN RISK-BASED DECISION MAKING FOR BGAs UNDER SHOCK AND VIBRATION LOADS
Lall, Pradeep
Lowe, Ryan
Goebel, Kai
2010 12TH IEEE INTERSOCIETY CONFERENCE ON THERMAL AND THERMOMECHANICAL PHENOMENA IN ELECTRONIC SYSTEMS, 2010,
[27] Implementing risk-based trading
Gibbens, Nigel
VETERINARY RECORD, 2013, 173 (22) : 557 - +
[28] A Multiobjective Decision-Making Model for Risk-Based Maintenance Scheduling of Railway Earthworks
Stipanovic, Irina
Bukhsh, Zaharah Allah
Reale, Cormac
Gavin, Kenneth
APPLIED SCIENCES-BASEL, 2021, 11 (03): : 1 - 18
[29] A New Risk-Based Fuzzy Cognitive Model and Its Application to Decision-Making
Seiti, Hamidreza
Hafezalkotob, Ashkan
COGNITIVE COMPUTATION, 2020, 12 (01) : 309 - 326
[30] Risk-based decision-making support model for offshore dynamic positioning operations
Hogenboom, Sandra
Vinnem, Jan Erik
Utne, Ingrid B.
Kongsvik, Trond
SAFETY SCIENCE, 2021, 140

← 1 2 3 4 5 →