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Article: A decentralized approach for optimal wholesale cross-border trade planning using multi-agent technology

TitleA decentralized approach for optimal wholesale cross-border trade planning using multi-agent technology
Authors
Wei, PYan, YNi, YYen, JWu, FF
KeywordsCross-border trade plan
Decentralized optimization
Multi-agent technology
Power market
Issue Date2001
PublisherI E E E. The Journal's web site is located at http://ieeexplore.ieee.org/xpl/RecentIssue.jsp?punumber=59
Citation
Ieee Transactions On Power Systems, 2001, v. 16 n. 4, p. 833-838 How to Cite?
DOI: http://dx.doi.org/10.1109/59.962434
AbstractOver the past decade, power industry has been undergoing deregulations to introduce competitions among market participants. Once centralized decision making must now adapt to the new market structure. The optimal cross-border electricity trade planning is an important issue in interconnected power systems under transmission open access. In this paper a decentralized approach is suggested to solve the problem using multi-agent technology. In the new approach rational market participants make decisions based on their own benefits, in the meantime the minimum production and transmission cost of the whole system can be reached without a central coordination except necessary information exchange through media like the Internet. A relevant lemma has been proven. The approach is implemented via a multi-agent system using Java programming language. Computer tests on a 5-area test system show that the suggested new approach is effective and promising.
Persistent Identifierhttp://hdl.handle.net/10722/42887
ISSN
0885-8950
2021 Impact Factor: 7.326
2020 SCImago Journal Rankings: 3.312
References
References in Scopus

 

DC FieldValueLanguage
dc.contributor.authorWei, Pen_HK
dc.contributor.authorYan, Yen_HK
dc.contributor.authorNi, Yen_HK
dc.contributor.authorYen, Jen_HK
dc.contributor.authorWu, FFen_HK
dc.date.accessioned2007-03-23T04:34:04Z-
dc.date.available2007-03-23T04:34:04Z-
dc.date.issued2001en_HK
dc.identifier.citationIeee Transactions On Power Systems, 2001, v. 16 n. 4, p. 833-838en_HK
dc.identifier.issn0885-8950en_HK
dc.identifier.urihttp://hdl.handle.net/10722/42887-
dc.description.abstractOver the past decade, power industry has been undergoing deregulations to introduce competitions among market participants. Once centralized decision making must now adapt to the new market structure. The optimal cross-border electricity trade planning is an important issue in interconnected power systems under transmission open access. In this paper a decentralized approach is suggested to solve the problem using multi-agent technology. In the new approach rational market participants make decisions based on their own benefits, in the meantime the minimum production and transmission cost of the whole system can be reached without a central coordination except necessary information exchange through media like the Internet. A relevant lemma has been proven. The approach is implemented via a multi-agent system using Java programming language. Computer tests on a 5-area test system show that the suggested new approach is effective and promising.en_HK
dc.format.extent223069 bytes-
dc.format.extent28160 bytes-
dc.format.extent2833 bytes-
dc.format.mimetypeapplication/pdf-
dc.format.mimetypeapplication/msword-
dc.format.mimetypetext/plain-
dc.languageengen_HK
dc.publisherI E E E. The Journal's web site is located at http://ieeexplore.ieee.org/xpl/RecentIssue.jsp?punumber=59en_HK
dc.relation.ispartofIEEE Transactions on Power Systemsen_HK
dc.rights©2001 IEEE. Personal use of this material is permitted. However, permission to reprint/republish this material for advertising or promotional purposes or for creating new collective works for resale or redistribution to servers or lists, or to reuse any copyrighted component of this work in other works must be obtained from the IEEE.-
dc.subjectCross-border trade planen_HK
dc.subjectDecentralized optimizationen_HK
dc.subjectMulti-agent technologyen_HK
dc.subjectPower marketen_HK
dc.titleA decentralized approach for optimal wholesale cross-border trade planning using multi-agent technologyen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0885-8950&volume=16&issue=4&spage=833&epage=838&date=2001&atitle=A+decentralized+approach+for+optimal+wholesale+cross-border+trade+planning+using+multi-agent+technologyen_HK
dc.identifier.emailNi, Y: yxni@eee.hku.hken_HK
dc.identifier.emailWu, FF: ffwu@eee.hku.hken_HK
dc.identifier.authorityNi, Y=rp00161en_HK
dc.identifier.authorityWu, FF=rp00194en_HK
dc.description.naturepublished_or_final_versionen_HK
dc.identifier.doi10.1109/59.962434en_HK
dc.identifier.scopuseid_2-s2.0-0035506178en_HK
dc.identifier.hkuros68916-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0035506178&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume16en_HK
dc.identifier.issue4en_HK
dc.identifier.spage833en_HK
dc.identifier.epage838en_HK
dc.publisher.placeUnited Statesen_HK
dc.identifier.scopusauthoridWei, P=35779387600en_HK
dc.identifier.scopusauthoridYan, Y=7404585931en_HK
dc.identifier.scopusauthoridNi, Y=7402910021en_HK
dc.identifier.scopusauthoridYen, J=7202000036en_HK
dc.identifier.scopusauthoridWu, FF=7403465107en_HK
dc.identifier.issnl0885-8950-

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