Uncertainty Quantification in a Model Electric Energy Bidding Problem : a Multi-criteria Decision Making Approach

@inproceedings{Cheong2005UncertaintyQI,
  title={Uncertainty Quantification in a Model Electric Energy Bidding Problem : a Multi-criteria Decision Making Approach},
  author={M.-P. Cheong and G. B. Shebl{\'e} and Daniel Berleant and JianSheng Zhang and George Kahrimanis},
  year={2005}
}
This paper explores a wide range of different decision criteria for the bidding problem when severe uncertainty about inputs requires expressing them as bounded families of distributions. A GENCO maximizes its expected returns given its own risk profile and its perception of market risks. This can be formulated as a multicriteria optimization problem. The… CONTINUE READING