## Information gap decision theory as a tool for strategic bidding in competitive electricity markets

- M.-P. Cheong, D. Berleant, G.B. Sheble
- 2004 International Conference on Probabilistic…
- 2004

@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} }

- Published 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

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