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Advisor(s)
Abstract(s)
The key motivation for this research is the perception that within a near future the electricity market will be composed of individuals that may simultaneously undertake the roles of consumers, producers and traders of electricity. Those individuals are economically motivated “prosumer” (producer-consumer) agents that not only consume, but can also produce, store and trade electricity. Therefore, as the prosumer agents follow their economically motivated goals (e.g., aiming for profit) they will also experience different forms of power (e.g., market power) and their social relations (e.g., dependencies) will mutually influence their decisionmaking processes. This paper describes the most relevant aspects of a simulation tool that provides (human and virtual) prosumer agents na
interactive and real-time game-like environment where they can explore (long-term and short-term) strategic behaviour and experience the effects of power and social influence in their decisionmaking processes. The work on the quantitative description of power and influence concepts, is described and details are provided throughout an illustrative example.
Description
Keywords
Electricity Market Economic Interactive Simulation Multi-agent Systems Coalition Decision-Making Power Influence
Citation
TRIGO, Paulo; SOUSA, Jorge; MARQUES, Paulo - Multi-agent simulation of electricity markets economically-motivated decision-making. International Journal of Computer Science and Electronics Engineering. ISSN 2320–4028. Vol. 1, N.º 2 (2013), pp. 228-233.
Publisher
International Journal of Computer Sciense and Electronics Engineering