An interactive fuzzy bidding strategy based on stochastic bilevel programming under uncertain electricity markets
Wan Zhongping · Engineering Journal of Wuhan University · 2006
Under uncertain electricity spot market,a stochastic bilevel programming model is set up based on the problem that the power seller chooses an appropriate contract price and capacity and the power buyer chooses optimal contract capacity and spot-market capacity to maximize their profits.And an interactive fuzzy decision making method is proposed to obtain optimal bidding strategy.Finally,the numerical example illustrates the bilevel programming model and the proposed algorithm.