December 2004

54
R. Rajaraman. “Optimal Bidding Strategies in Electricity Markets”
Computational details
•Solve a nested backward dynamic programming problem
ØThis is best done by creating a number of intermediate “tables”
ØSee paper for details of examples
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•A model called “GenOptimizer” has been developed by Laurits R. Christensen Associates (www.LRCA.com)
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