Ketter, Ketter, W.; Collins, Collins, J.; Reddy, Reddy, P. - Erasmus Research Institute of Management (ERIM), … - 2011
simulation that models a “liberalized” retail electrical energy market, where competing business entities or “brokers” offer … energy services to customers through tariff contracts, and must then serve those customers by trading in a wholesale market …. Brokers are challenged to maximize their profits by buying and selling energy in the wholesale and retail markets, subject to …