Publicado

2013-01-01

Modeling of Organizated Regulated Market (MOR) from Decision Theory and Microeconomic Concepts

Palabras clave:

Dynamic Auction Model, Descending Clock Auction, Electric Energy Regulation, Colombian Electric Energy Market (es)

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Autores/as

  • Henry Camilo Torres Valderrama Universidad Nacional
Descendant Clock Auction is a dynamic procurement auction implemented at several energy markets. Some authors have approached to model this kind of auction, but their models have not included the bidder adaptation along the auction.
This paper presents an algorithm based on decision theory and microeconomic theory to simulate the bidders behavior along the auction. The bidders model use portfolio concepts and historical information about their preferences in Energy Market. The model was applied to evaluate the Colombia’s Organized Market (MOR). MOR is a Descending Clock Auction to trade long term energy contracts. Specifically, demand curve and round size were varied to evaluate their impact over auction outputs. The main conclusion of this work was that this model is helpful to understand the bidders’ adaptation process in this kind of auction 

Cómo citar

APA

Torres Valderrama, H. C. (2013). Modeling of Organizated Regulated Market (MOR) from Decision Theory and Microeconomic Concepts. Simposio Internacional sobre la Calidad de la Energía Eléctrica - SICEL, 7. https://revistas.unal.edu.co/index.php/SICEL/article/view/38923

ACM

[1]
Torres Valderrama, H.C. 2013. Modeling of Organizated Regulated Market (MOR) from Decision Theory and Microeconomic Concepts. Simposio Internacional sobre la Calidad de la Energía Eléctrica - SICEL. 7, (ene. 2013).

ACS

(1)
Torres Valderrama, H. C. Modeling of Organizated Regulated Market (MOR) from Decision Theory and Microeconomic Concepts. SICEL 2013, 7.

ABNT

TORRES VALDERRAMA, H. C. Modeling of Organizated Regulated Market (MOR) from Decision Theory and Microeconomic Concepts. Simposio Internacional sobre la Calidad de la Energía Eléctrica - SICEL, [S. l.], v. 7, 2013. Disponível em: https://revistas.unal.edu.co/index.php/SICEL/article/view/38923. Acesso em: 14 feb. 2025.

Chicago

Torres Valderrama, Henry Camilo. 2013. «Modeling of Organizated Regulated Market (MOR) from Decision Theory and Microeconomic Concepts». Simposio Internacional Sobre La Calidad De La Energía Eléctrica - SICEL 7 (enero). https://revistas.unal.edu.co/index.php/SICEL/article/view/38923.

Harvard

Torres Valderrama, H. C. (2013) «Modeling of Organizated Regulated Market (MOR) from Decision Theory and Microeconomic Concepts», Simposio Internacional sobre la Calidad de la Energía Eléctrica - SICEL, 7. Disponible en: https://revistas.unal.edu.co/index.php/SICEL/article/view/38923 (Accedido: 14 febrero 2025).

IEEE

[1]
H. C. Torres Valderrama, «Modeling of Organizated Regulated Market (MOR) from Decision Theory and Microeconomic Concepts», SICEL, vol. 7, ene. 2013.

MLA

Torres Valderrama, H. C. «Modeling of Organizated Regulated Market (MOR) from Decision Theory and Microeconomic Concepts». Simposio Internacional sobre la Calidad de la Energía Eléctrica - SICEL, vol. 7, enero de 2013, https://revistas.unal.edu.co/index.php/SICEL/article/view/38923.

Turabian

Torres Valderrama, Henry Camilo. «Modeling of Organizated Regulated Market (MOR) from Decision Theory and Microeconomic Concepts». Simposio Internacional sobre la Calidad de la Energía Eléctrica - SICEL 7 (enero 1, 2013). Accedido febrero 14, 2025. https://revistas.unal.edu.co/index.php/SICEL/article/view/38923.

Vancouver

1.
Torres Valderrama HC. Modeling of Organizated Regulated Market (MOR) from Decision Theory and Microeconomic Concepts. SICEL [Internet]. 1 de enero de 2013 [citado 14 de febrero de 2025];7. Disponible en: https://revistas.unal.edu.co/index.php/SICEL/article/view/38923

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