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Fuzzy Gaming Approach For GenCo's Bidding Problem

In this thesis, the decision-making problem of a GenCo¡¦s bids is formulated and solved by a fuzzy approach to strategic games. It is assumed that only supply-side bidding is considered in the spot market and a player hopes to determine his bids to maximize his own expected payoffs. By means of fuzzy membership functions and operations, a multi-criteria method is used to analyze the player¡¦s choices. Decision maker can decide what kind of strategy combination is optimal by using weight vector to represent his subjective attitude and moral features about the structure of multi-objectives. From this process, a decision can be made more easily, and the results are also close to reality which is not easily modeled by probabilistic method in the classical game theory. Numerical examples with a game of two GenCo¡¦s and a price-elastic demand are offered to illustrate the salient features of the proposed approach.

Identiferoai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0612101-112012
Date12 June 2001
CreatorsChen, Chi-Zong
ContributorsTa-Peng Taso, Ming-Tong Tsay, Shih-Chish Hsiy, Whei-Min Lin, Tze-Yee Ho
PublisherNSYSU
Source SetsNSYSU Electronic Thesis and Dissertation Archive
LanguageCholon
Detected LanguageEnglish
Typetext
Formatapplication/pdf
Sourcehttp://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0612101-112012
Rightswithheld, Copyright information available at source archive

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