• Title/Summary/Keyword: Trading Agent Competition

Search Result 3, Processing Time 0.017 seconds

Estimating Optimized Bidding Price in Virtual Electricity Wholesale Market (가상 전력 도매 시장의 최적 경매 가격 예측)

  • Shin, Su-Jin;Lee, SeHoon;Kwon, Yun-Jung;Cha, Jae-Gang;Moon, Il-Chul
    • Journal of Korean Institute of Industrial Engineers
    • /
    • v.39 no.6
    • /
    • pp.562-576
    • /
    • 2013
  • Power TAC (Power Trading Agent Competition) is an agent-based simulation for competitions between electricity brokering agents on the smart grid. To win the competition, agents obtain electricity from the electricity wholesale market among the power plants. In this operation, a key to success is balancing the demand of the customer and the supply from the plants because any imbalance results in a significant penalty to the brokering agent. Given the bidding on the wholesale market requires the price and the quantity on the electricity, this paper proposes four different price estimation strategies: exponentially moving average, linear regression, fuzzy logic, and support vector regression. Our evaluations with the competition simulation show which strategy is better than which, and which strategy wins in the free-for-all situations. This result is a crucial component in designing an electricity brokering agent in both Power TAC and the real world.

Development of Automated Trading Agent in Real-Time Supply Chain Environment (실시간 공급사슬 환경하에서의 거래자동화 에이전트 개발)

  • Park, Young-Jae
    • Journal of the Korea Academia-Industrial cooperation Society
    • /
    • v.11 no.11
    • /
    • pp.4282-4290
    • /
    • 2010
  • Recently, business environment is spreading from singular business to supply-chain problem. SCM(Supply Chain Management) is changing from closed and static to opened and dynamic environment, so these environment changes of SCM require to enterprise different approach than past. As supply chain is becoming opened and dynamic, a claim is being naming that converse of real-time the get reaction from to recognizing the level of supply chain problem, grope of alternative plan to solving this problem and choosing optimum alternative plan raise the enterprise competitive. But until present, the research to deal with these changes of SCM is on insufficient situation. Thus in this paper proposes the agent system by a way of realizing dynamic supply chain. The agent is going to accomplish the management activities in real-time depends on environment and given condition and designed for solving problems development and maintenance. Also, algorithms performance of the agent is tested on TAC SCM environment. Agents in TAC SCM are simulations of small manufacturers, who must compete with each other for both supplies and customers, and manage inventories and production facilities.

Development of a SOA-based Distributed Collaborative Agent in RTE Environments (RTE 환경에서의 SOA 기반 협업적 분산 에이전트 개발)

  • Choi, Hyung-Rim;Kim, Hyun-Soo;Hong, Soon-Goo;Park, Young-Jae;Cho, Min-Je;Choi, Sung-Wook;Park, Chang-Hyun;Kang, Si-Hyeob;An, Bung-Sun
    • The Journal of Information Systems
    • /
    • v.19 no.1
    • /
    • pp.79-96
    • /
    • 2010
  • The organizations in the competitive business environment are under pressure of handling internal management processes as well as external supply chain issues. In addition, the paradigm of supply chain management (SCM) has been shifted from static to dynamic problems. For the efficient SCM, organizations should be a RTE (Real Time Enterprises) that views entire supply chains as a single entity. In this paper, the agent system that makes RTE and dynamic supply chains possible is developed. Then, the developed agent system is verified in the TAC SCM(Trading Agent Competition Supply Chain Management) experimental environment and a dashboard is also developed for monitoring management activities of supply chains. The contributions of this paper are as followings. First, unlike the previous agent systems, the suggested agent system in this paper provides autonomy and scalability using SOA. Second, this suggested model for dynamic environment can be applied for the development of software supporting a SCM.