Proceedings of the KIEE Conference (대한전기학회:학술대회논문집)
- 2001.11b
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- Pages.60-62
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- 2001
Bidding Strategy Determination by Defining Strategy Vector
전략벡터정의를 통한 입찰전략수립
- Kang, Dong-Joo (KERI) ;
- Moon, Young-Hwan (KERI) ;
- Oh, Tae-Kyoo (KERI) ;
- Kim, Bal-Ho (Hong-ik University)
- Published : 2001.11.16
Abstract
This paper shows the optimal bidding strategy determination method using Nash equilibrium concept by defining bidding strategy vector. This vector is 2-dimension vector whose components are generation amount and generation cost. Thereby we are able to make all possible strategies and their's payoff table. And then we erase dominated strategies one by one so that we obtain Nash equilibrium, the optimal bidding strategy of generation bidding game.
Keywords