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| Field | Value |
| Title | A robust mathematical framework for managing simultaneous feasibility condition in financial transmission rights auction |
| Names |
SARKAR, V
KHAPARDE, SA |
| Date Issued | 2006 (iso8601) |
| Abstract | 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. |
| Genre | Article |
| Topic | Commerce |
| Identifier | Proceedings of the IEEE Power Engineering Society General Meeting, Montreal, Canada, 18-22 June 2006, 1-6 |