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Optimizing Opponents Selection in Bilateral Contracts Negotiation with Particle Swarm
handle: 10400.22/17128
This paper proposes a model based on particle swarm optimization to aid electricity markets players in the selection of the best player(s) to trade with, to maximize their bilateral contracts outcome. This approach is integrated in a Decision Support System (DSS) for the pre-negotiation of bilateral contracts, which provides a missing feature in the state-of-art, the possible opponents analysis. The DSS determines the best action of all the actions that the supported player can take, by applying a game theory approach. However, the analysis of all actions can easily become very time-consuming in large negotiation scenarios. The proposed approach aims to provide the DSS with an alternative method with the capability of reducing the execution time while keeping the results quality as much as possible. Both approaches are tested in a realistic case study where the supported player could take almost half a million different actions. The results show that the proposed methodology is able to provide optimal and near-optimal solutions with an huge execution time reduction.
- University of Salamanca Spain
- International Student Exchange Programs United States
- International Student Exchange Programs United States
- Polytechnic Institute of Porto Portugal
Particle Swarm Optimization, Bilateral contracts, Electricity Markets, Decision Support System, Game theory, Automated negotiation
Particle Swarm Optimization, Bilateral contracts, Electricity Markets, Decision Support System, Game theory, Automated negotiation
citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).3 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Average influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Average visibility views 7 download downloads 19 - 7views19downloads
Data source Views Downloads ZENODO 3 3 Repositório Científico do Instituto Politécnico do Porto 4 16


