Study of power market simulation based on distributed multi-agent system

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Commonly used power market simulation systems can only simulate the small-scale market with a simple result and do not consider the market participators as those who have the adaptive learning mechanism. By modeling the market participators as Agents, we approached a MAS-based distributed simulation system on JADE platform, which has the ability to simulate complex, large-scale markets with different strategies on different Agents. The Q-Learning and some other methods are introduced into the bidding strategy of the system. The system performance and convergence of Q-Learning strategy are evaluated by designed instances. As a result, the distributed system performance is better than the centralized system in many respects and Q-Learning strategy always leading to a high profit.

Original languageEnglish
Title of host publicationProceedings of the 7th World Congress on Intelligent Control and Automation, WCICA'08
Pages8018-8023
Number of pages6
DOIs
StatePublished - 2008
Event7th World Congress on Intelligent Control and Automation, WCICA'08 - Chongqing, China
Duration: 25 Jun 200827 Jun 2008

Publication series

NameProceedings of the World Congress on Intelligent Control and Automation (WCICA)

Conference

Conference7th World Congress on Intelligent Control and Automation, WCICA'08
Country/TerritoryChina
CityChongqing
Period25/06/0827/06/08

Keywords

  • Distributed
  • Multi-agent system
  • Power market simulation
  • Q-learning

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