Dynamic adjustment model of performance guarantee quota based on optimization decision of medium/long-term transactions of power selling companies
The existing mode of the fixed performance guarantee quota, which is susceptible to subjective determination, results in a lack of objectivity in the cost calculations of power selling companies, and has an impact on the calculation of their trading profits. Thus, it negatively impacts the stability...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2023-09-01
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| Series: | Energy Reports |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2352484723004481 |
| _version_ | 1797692018480119808 |
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| author | Jingbin Wu Ke Meng |
| author_facet | Jingbin Wu Ke Meng |
| author_sort | Jingbin Wu |
| collection | DOAJ |
| description | The existing mode of the fixed performance guarantee quota, which is susceptible to subjective determination, results in a lack of objectivity in the cost calculations of power selling companies, and has an impact on the calculation of their trading profits. Thus, it negatively impacts the stability of power market transactions as well as the operating enthusiasm of power selling company. Therefore, a dynamic adjustment strategy for performance guarantee quota is proposed, taking into account assessment criteria for the economic benefit of power selling companies, such as the degree of credit overdraft, the level of market share impact and national policies. Based on the fuzzy analytic hierarchy process (FAHP), the proposed dynamic adjustment model of the performance guarantee quota of power selling companies is established. To maximize the profit of power selling companies, the optimization decision of multiple types of transactions based on the proposed dynamic adjustment model of performance guarantee quota is carried out, such as decision-making of the medium/long-term transactions. Based on numerical simulations in MATLAB, the dynamic adjustment range of the performance guarantee quota is given. The suitability and effectiveness of the adjusted performance guarantee quota are verified by comparing and analyzing the differences, in the cost of power selling company in multiple scenarios. |
| first_indexed | 2024-03-12T02:22:32Z |
| format | Article |
| id | doaj.art-d4f96e972ed34b45a6f27f07c92f0e13 |
| institution | Directory Open Access Journal |
| issn | 2352-4847 |
| language | English |
| last_indexed | 2024-03-12T02:22:32Z |
| publishDate | 2023-09-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Energy Reports |
| spelling | doaj.art-d4f96e972ed34b45a6f27f07c92f0e132023-09-06T04:51:41ZengElsevierEnergy Reports2352-48472023-09-019145154Dynamic adjustment model of performance guarantee quota based on optimization decision of medium/long-term transactions of power selling companiesJingbin Wu0Ke Meng1Colleges of Economics and Management, Changsha University of Science and Technology, Colleges of Electrical and Information Engineering, Changsha University of Science and Technology, Changsha 410114, ChinaCorresponding author.; Colleges of Economics and Management, Changsha University of Science and Technology, Colleges of Electrical and Information Engineering, Changsha University of Science and Technology, Changsha 410114, ChinaThe existing mode of the fixed performance guarantee quota, which is susceptible to subjective determination, results in a lack of objectivity in the cost calculations of power selling companies, and has an impact on the calculation of their trading profits. Thus, it negatively impacts the stability of power market transactions as well as the operating enthusiasm of power selling company. Therefore, a dynamic adjustment strategy for performance guarantee quota is proposed, taking into account assessment criteria for the economic benefit of power selling companies, such as the degree of credit overdraft, the level of market share impact and national policies. Based on the fuzzy analytic hierarchy process (FAHP), the proposed dynamic adjustment model of the performance guarantee quota of power selling companies is established. To maximize the profit of power selling companies, the optimization decision of multiple types of transactions based on the proposed dynamic adjustment model of performance guarantee quota is carried out, such as decision-making of the medium/long-term transactions. Based on numerical simulations in MATLAB, the dynamic adjustment range of the performance guarantee quota is given. The suitability and effectiveness of the adjusted performance guarantee quota are verified by comparing and analyzing the differences, in the cost of power selling company in multiple scenarios.http://www.sciencedirect.com/science/article/pii/S2352484723004481Power selling companyFAHPDynamic adjustment model of performance guarantee quotaMedium/long-term transaction decision-making |
| spellingShingle | Jingbin Wu Ke Meng Dynamic adjustment model of performance guarantee quota based on optimization decision of medium/long-term transactions of power selling companies Energy Reports Power selling company FAHP Dynamic adjustment model of performance guarantee quota Medium/long-term transaction decision-making |
| title | Dynamic adjustment model of performance guarantee quota based on optimization decision of medium/long-term transactions of power selling companies |
| title_full | Dynamic adjustment model of performance guarantee quota based on optimization decision of medium/long-term transactions of power selling companies |
| title_fullStr | Dynamic adjustment model of performance guarantee quota based on optimization decision of medium/long-term transactions of power selling companies |
| title_full_unstemmed | Dynamic adjustment model of performance guarantee quota based on optimization decision of medium/long-term transactions of power selling companies |
| title_short | Dynamic adjustment model of performance guarantee quota based on optimization decision of medium/long-term transactions of power selling companies |
| title_sort | dynamic adjustment model of performance guarantee quota based on optimization decision of medium long term transactions of power selling companies |
| topic | Power selling company FAHP Dynamic adjustment model of performance guarantee quota Medium/long-term transaction decision-making |
| url | http://www.sciencedirect.com/science/article/pii/S2352484723004481 |
| work_keys_str_mv | AT jingbinwu dynamicadjustmentmodelofperformanceguaranteequotabasedonoptimizationdecisionofmediumlongtermtransactionsofpowersellingcompanies AT kemeng dynamicadjustmentmodelofperformanceguaranteequotabasedonoptimizationdecisionofmediumlongtermtransactionsofpowersellingcompanies |