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4 articles for “auction”
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A Model of Bidding in Rotating Saving Credit Associations
Abstract: The paper analyzes bidding behavior in discount bidding Roscas under the assumption of risk neutrality. Roscas are group based revolving financial schemes. In discount bidding Roscas, individuals bid for a lumpsum. We find that bids submitted by members in equilibrium are increasing in the returns or opportunities for investment. Further, members submit lower bids when credit is available outside Rosca at expensive rates. A bidding Rosca is efficient as an …
Published in Journal of Production Research & Management · Vol. 7, Issue 1, 2017 · pp. 11–15 Read article
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Using Emission Taxes as Policy Instruments for Clean Coal Technologies in Indian Coal-fired Power Plants
Abstract: AbstractRising electrification needs have led to increased coal combustion, which in turn has made India, the second highest sulphur dioxide and third highest carbon dioxide emitter. The twin task of providing electricity to 300 million citizens while meeting stringent climate change mitigation needs is a major challenge to India. Thus, a strategy for joint energy-economy growth has to be worked out. Coal-fired power plants account for around half of the …
Published in Journal of Energy, Environment & Carbon Credits · Vol. 10, Issue 1, 2020 · pp. 1–7 Read article
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A Disaggregated Optimization Approach for Competitive Procurement of Energy and Operating Reserve
Abstract: In restructured environment, Ancillary Services (AS) plays a vital role, as they are required for reliable and secure operation of the power system. Operating Reserve (OR), as one of the main AS, is a capability of a power system to prevent any unexpected imbalances caused by generation, transmission or equipment outage has been considered in this work. The approach is based on disaggregated clearing of energy and OR, which can …
Published in Journal of Power Electronics and Power Systems · Vol. 6, Issue 3, 2016 · pp. 33–41 Read article
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An Optimal Bidding Strategy for Social Welfare Maximization of Microgrid
Abstract: Competition in power markets implies benefit to the generators as well as customer. The uncertain nature of bids and behavior of renewables makes the bidding strategy more complex. The power market comprises of Generation companies (GENCOS), Transmission companies (TRANSCOs) and Distribution companies (DISCOs) which actively participate in the auction process. In this paper, a new bidding strategy for a microgrid in day-ahead market is proposed for social welfare maximization considering …
Published in Journal Of Network security · Vol. 8, Issue 1, 2020 · pp. 11–21 Read article