A fuzzy long-term investment planning model for a GenCo in a hybrid electricity market considering climate change impacts

Sivrikaya, Berna Tektas; Çebi, Ferhan; Turan, Hasan Hüseyin; Kasap, Nihat; Delen, Dursun

doi:10.1007/s10796-016-9707-1

Cited by 9 publications

(4 citation statements)

References 47 publications

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“…In previous studies, the perception of the hybrid power market is mainly concentrated on two categories: one is a mixture of trading patterns, and the other is a mixture of electricity energy species. In the former category, most researchers studied a power market with bilateral power pool transactions (Kumar and Sekhar, 2013; Kim, 2017; Sivrikaya et al , 2017; Kumar et al , 2018), but the others argued that the hybrid electricity market should include multilateral power pool transactions, and all trading contracts could be processed in this market (Kargarian et al , 2012). Different from the trading patterns concepts, some scholars pointed out the hybrid power market should contain the different kinds of electricity energy sources.…”

Section: Literature Reviewmentioning

confidence: 99%

Contract coordination optimization of a multi-power supplier-single dominant grid supply chain in hybrid electricity market

Zhu

Kong

Xie

et al. 2019

IMDS

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Purpose In the hybrid electricity market, renewable energy power generator faces the uncertainty of power market demand and the randomness of the renewable energy generation output. In order to improve the grid-connected quantity of green power, the purpose of this paper is to design the pricing mechanism for renewable energy power generator with revenue-sharing contract in a two-stage “multi-single” electricity supply chain which contains a single dominant power retailer and two kinds of power suppliers providing different power energy species. Design/methodology/approach Considering the dual uncertainties of renewable energy power output and power market demand, the authors design the full-cooperative contract decision-making model, wholesale price contract decision-making model and revenue-sharing contract decision-making model to compare and optimize grid-connected pricing in order to maximize profit of different parties in power supply chain. Then, this paper performs a numerical simulation, discusses the existence of the equilibrium analytical solutions to satisfy the supply chain coordination conditions and analyzes the optimal contract parameters’ variation characteristics and their interaction relationship. Findings The authors find that the expected profits of the parties in the hybrid power supply chain are concave about their decision variables in each decision-making mode. The revenue-sharing contract can realize the Pareto improvement for all parties’ interest of the supply chain, and promote the grid-connected quantity of green power effectively. The grid-connected price will reduce with the increase of revenue-sharing ratio, and this impact will be greater on the renewable energy power. The greater the competition intensity in power supply side, the smaller the revenue-sharing ratio from power purchaser. And for the same rangeability of competition intensity, the revenue-sharing ratio reduction of thermal power is less than that of the green power. The more the government subsidizing green power supplier, the smaller the retailer sharing revenue to it. Practical implications Facing with the dual uncertainties of green power output and market demand and the competition of thermal power in hybrid electricity market, this study can provide a path to solve the problem of renewable energy power grid-connecting. The results can help green power become competitive in hybrid power market under loose regulations. And this paper suggests that the government subsidy policy should be more tactical in order to implement a revenue-sharing contract of the power supply chain. Originality/value This paper studies the renewable energy electricity grid-connected pricing under the uncertainty of power supply and market demand, and compares different contract decision-making strategies in order to achieve the power supply chain coordination. The paper also analyzes the competition between thermal power and renewable energy power in hybrid electricity market.

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Section: Literature Reviewmentioning

confidence: 99%

Contract coordination optimization of a multi-power supplier-single dominant grid supply chain in hybrid electricity market

Zhu

Kong

Xie

et al. 2019

IMDS

View full text Add to dashboard Cite

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“…In 2022, many European countries such as France, Germany, Spain and the UK experienced historic high temperatures and heat waves; Pakistan suffered multiple rounds of heavy rainfall and flooding; African countries such as Kenya, Somalia and Ethiopia faced their worst drought in a decade. In addition, these global warming and global climate change problems severely impact operational decisions in various areas, including power supply (Sivrikaya et al, 2017), venture capital (Benedetti et al, 2021), transportation (Pamucar et al, 2022), etc. Furthermore, they are exposing business management to a variety of risks (Blanco, 2021) and affecting society and market patterns (Chen et al, 2019a(Chen et al, , 2019b.…”

Section: Introductionmentioning

confidence: 99%

The impact of public climate change concern on sustainable product consumption: a case study of new energy vehicles in China

Han,

Mo,

Liu

et al. 2023

Ann Oper Res

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With global climate change problems becoming increasingly serious, sustainable consumption has become an inevitable trend. In this paper, we take the Chinese new energy vehicle market as an example and research the relationship between the public climate change concern and sustainable product consumption behaviour, while considering the time decay effect of public concern. We collect authoritative secondary data on climate change Baidu search index and the monthly sales of new energy vehicle brands and use panel data to test the hypotheses empirically. The result shows that there is a significant positive effect of public climate change concern on new energy vehicle consumption behaviour. This effect is also present when the time decay effect is considered. The result shows that public new energy vehicle concern has a significant negative effect on new energy vehicle consumption behaviour. The findings provide theoretical support for government policymakers and corporate managers to promote the adoption and diffusion of sustainable products.

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“…Get the favor of employers. At present, there is a big gap and contradiction between the employability of college students and the recruitment conditions of employers [5]. On the one hand, college students cannot find suitable jobs.…”

Section: Introductionmentioning

confidence: 99%

Evaluation Model of Employment and Entrepreneurship of University Students Based on Classification Algorithm

2022

Mathematical Problems in Engineering

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As a new data analysis tool, data mining has developed rapidly. Various types of data sets can be used as data mining objects. Faced with more and more data sources and larger amounts of data today, data mining can effectively obtain valuable information from them and can enable people to better predict possible data information in the future, thereby improving work efficiency. Pheromone update uses a combination of global update and local update. The improved algorithm can balance the relationship between ants’ exploration and development in the process of searching rules. The government’s macroentrepreneurial policy has an important impact on college students’ entrepreneurship. Whether the entrepreneurship can obtain government financial support, whether the entrepreneurial process is simple and easy to do, etc., all affect the enthusiasm of college students to start a business and the success of the business. As an important place for college students to live and study, colleges and universities play a vital role in the growth and future development of college students. Major colleges and universities should improve entrepreneurship education, provide materials and manpower such as teaching materials and teachers, and improve the entrepreneurial quality of college students. In addition, colleges and universities should actively establish and improve the entrepreneurial practice platform for college students to help students gain entrepreneurial experience from practice. As the backbone of the social economy, enterprises should play an appropriate role in college students’ entrepreneurship. On the one hand, they should actively provide entrepreneurial funds, and they should be willing to give college students experience guidance. Only with the joint efforts of the government, universities, and enterprises, can it be possible to establish a practical and effective support system for undergraduate entrepreneurship, promote undergraduate entrepreneurship, and increase the success rate of undergraduate entrepreneurship.

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A fuzzy long-term investment planning model for a GenCo in a hybrid electricity market considering climate change impacts

Cited by 9 publications

References 47 publications

Contract coordination optimization of a multi-power supplier-single dominant grid supply chain in hybrid electricity market

Contract coordination optimization of a multi-power supplier-single dominant grid supply chain in hybrid electricity market

The impact of public climate change concern on sustainable product consumption: a case study of new energy vehicles in China

Evaluation Model of Employment and Entrepreneurship of University Students Based on Classification Algorithm

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