Improving the game theoretic analysis of electricity auctions applied in medium markets.

Journal of Computational Science（2016）

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摘要

•A new algorithm is proposed to improve the game theoretic analysis of electricity auctions.•A new method is proposed to solve PCM and BCM auction mechanisms.•A new method is proposed to solve multi-player matrix games.•The proposed algorithm is very fast and accurate.

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关键词

Bid cost minimization (BCM),Payment cost minimization (PCM),Nash equilibrium,Matrix game,Array programming

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