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A robust mathematical framework for managing simultaneous feasibility condition in financial transmission rights auction

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Title A robust mathematical framework for managing simultaneous feasibility condition in financial transmission rights auction
 
Creator SARKAR, V
KHAPARDE, SA
 
Subject commerce
load flow
mathematical analysis
power transmission economics
 
Description Objective of this paper is to suggest a robust and easy-to-implement mathematical framework for dealing with simultaneous feasibility condition in financial transmission rights (FTRs) auction. The framework suggested is robust in the sense that it provides a purely analytical basis for clearing option and obligation FTRs simultaneously. Formulation has been shown for a DC power flow based model. In order to get rid of the over-burden of a huge number of constraints that result in the basic formulation, we have developed a simple and elegant idea which is entitled as directional breaking. Application of directional breaking drastically reduces the number of constraints and, thus, renders the formulation to ease the computations.
 
Publisher IEEE
 
Date 2008-12-10T09:33:18Z
2011-11-28T09:12:37Z
2011-12-15T09:58:10Z
2008-12-10T09:33:18Z
2011-11-28T09:12:37Z
2011-12-15T09:58:10Z
2006
 
Type Article
 
Identifier Proceedings of the IEEE Power Engineering Society General Meeting, Montreal, Canada, 18-22 June 2006, 1-6
1-4244-0493-2
10.1109/PES.2006.1709067
http://hdl.handle.net/10054/259
http://dspace.library.iitb.ac.in/xmlui/handle/10054/259
 
Language en