Najafi, M.; Ehsan, M.; Fotuhi-Firuzabad, M.; Akhavein, A.; … - In: Energy 35 (2010) 9, pp. 3883-3890
An algorithm for determining optimal reserve capacity in a power market is presented in this paper. Optimization process in the proposed algorithm is based on the cost-benefit trade off. Market clearance is executed with consideration of uncertainties of power system components in an aggregated...