Cart (Loading....) | Create Account
Close category search window

A new game-theoretic approach to maintenance scheduling problems in competitive electricity markets

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

2 Author(s)
Jin-Ho Kim ; Sch. of Electr. Eng., Seoul Nat. Univ., South Korea ; Jong-Keun Park

A new approach to unit maintenance scheduling (UMS) problems in competitive electricity markets is presented in this paper. The objectives of this study are to develop a new framework for UMS in competitive markets, to analyze a strategic behavior of profit maximizing generating companies (Gencos) in an UMS game, and to discuss equilibriums of the game from the standpoint of whole generation market. We have applied game theory to formulate the UMS problem as a dynamic noncooperative game. The players are profit maximizing privatized Gencos and the payoffs of each player have been defined as the profits from energy markets. All the players have been encouraged to maximize their profits, competing with each other. Strategic behaviors of individual Genco and corresponding Nash equilibrium of the UMS game were analyzed using a numerical example for two-player game. The results indicate that unit maintenance schedules are one of the major strategic behaviors whereby Gencos maximize their profits in a competitive market environment and that it should be dealt with more elaborately in viewpoints of privatized Gencos as well as whole market.

Published in:

Power Engineering Society Summer Meeting, 2002 IEEE  (Volume:3 )

Date of Conference:

25-25 July 2002

Need Help?

IEEE Advancing Technology for Humanity About IEEE Xplore | Contact | Help | Terms of Use | Nondiscrimination Policy | Site Map | Privacy & Opting Out of Cookies

A not-for-profit organization, IEEE is the world's largest professional association for the advancement of technology.
© Copyright 2014 IEEE - All rights reserved. Use of this web site signifies your agreement to the terms and conditions.