Title :
Implementing an auction market for regulation service using software agents
Author :
Srinivasan, Ramanujam ; Rerkpreedapong, Dulpichet ; Kankanahalli, Srinivas ; Feliachi, Ali
Author_Institution :
Lane Dept. of Comput. Sci. & Electr. Eng., West Virginia Univ., Morgantown, WV, USA
Abstract :
Software agent based systems have long been used in the design and implementation of complex systems. This paper discusses a framework for the regulation service auction market for investigating the behaviors of software agents representing the various participants including the auction coordinator (ISO). The main emphasis is to consider the profit maximizing bidding strategies employed by the power suppliers to gain from the competitive market setup. The Java Multi-Agent Development Kit (Madkit) is used for the auction simulations and Java Native Interface (JNI) methods are employed to invoke Matlab computations. Finally, two examples are shown for procurement of regulation service involving five suppliers over a twenty-four hour auction period.
Keywords :
Java; multi-agent systems; power markets; power system analysis computing; software agents; Java Multi-Agent Development Kit; Java Native Interface; Matlab computations; auction coordinator; auction market; competitive market setup; electric power industry; power suppliers; profit maximizing bidding strategies; regulation service; software agents; Computational modeling; ISO; Java; Maintenance; Power markets; Power supplies; Power system reliability; Power system stability; Real time systems; Software agents;
Conference_Titel :
System Theory, 2003. Proceedings of the 35th Southeastern Symposium on
Print_ISBN :
0-7803-7697-8
DOI :
10.1109/SSST.2003.1194530