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Paper Information

Title: 

USE OF INTELLIGENT AGENTS IN ELECTRICITY MARKETS

Type: PAPER
Author(s): BAEI NASSER,PARSA MOGHADAM MOHSEN
 
 
 
Name of Seminar: INTERNATIONAL POWER SYSTEM CONFRENCE
Type of Seminar:  CONFERENCE
Sponsor:  SHERKATE TAVANIR
Date:  2004Volume 19
 
 
Abstract: 

IN COMPETITIVE MARKETS, HUMAN DECISION-MAKERS NEED ASSISTANCE TO DETERMINE POTENTIAL COALITIONS THAT THEY CAN BE PART OF. NOTE THAT SUCH COALITIONS ARE LEGAL PROVIDED MARKET POWER IS NOT MONOPOLIZED. WE PRESENT AN APPROACH FOR DESIGNING SPECIALIZED INTELLIGENT SOFTWARE AGENTS THAT PERFORM NEGOTIATIONS ON BEHALF OF THEIR HUMAN COUNTERPARTS, AND THEN SUGGEST MARKET STRATEGIES THAT THE HUMAN CAN ADOPT. OUR NEGOTIATION PROTOCOL IS DERIVED FROM COOPERATIVE GAME THEORY; HOWEVER, IT DIFFERS FROM THE GAME THEORY LITERATURE IN REQUIRING VIRTUALLY NO TRUSTWORTHY INFORMATION EXCHANGE BETWEEN THE POTENTIAL COALITION PARTNERS.

 
Keyword(s): INTELLIGENT AGENTS, ELECTRICITY MARKETS, INCOMPLETE INFORMATION GAMES, NEGOTIATION PROTOCOLS
 
 
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