Dear colleagues, friends, and professors,
As we know, we have very strong analytical approaches to control theory. Any dynamic decision-making process that its variables change in time could be characterized by state-space and/or state-action representations. However, we see very few control viewpoints for solving electricity market problems. I would like to invite you to share your thoughts about the opportunities, and limitations of such a viewpoint.
Thank you and kind regards,
Reza.
I have a few (older) contributions in the area, that might be of interest, e.g.,
Article Sufficient Poisson jump-diffusion market models revisited
Article A stochastic delay financial model
Article The Föllmer-Schweizer-Barlow model
and would be interested to see an (alternative) approach based on control theory - to complement & improve the above papers.
Dear Mohammad Reza Salehizadeh,
I suggest you to see links and attached files on topic.
http://pierrepinson.com/docs/Thesis_giabardo_zugno.pdf
https://www.amazon.com/Electricity-Markets-Theories-Applications-Engineering-ebook/dp/B0758Y242M
https://www.springer.com/gp/book/9780817642037
Best regards
When we need to do market analysis, the primary factor that comes into picture is the cost function, now the cost function is dynamic in nature and as such can be extrapolated but the assumptions made would be very much changed which makes it a problem with highly sensitive market values.
I have a few (older) contributions in the area, that might be of interest, e.g.,
Article Sufficient Poisson jump-diffusion market models revisited
Article A stochastic delay financial model
Article The Föllmer-Schweizer-Barlow model
and would be interested to see an (alternative) approach based on control theory - to complement & improve the above papers.
- Badges
- Science topic
- Similar topics
- Engineering
- Control Theory