{"id":"https://openalex.org/W2143885447","doi":null,"title":"On Monte Carlo Simulation and Analysis of Electricity Markets","display_name":"On Monte Carlo Simulation and Analysis of Electricity Markets","publication_year":2004,"publication_date":"2004-01-01","ids":{"openalex":"https://openalex.org/W2143885447","mag":"2143885447"},"language":"en","primary_location":{"id":"pmh:oai:DiVA.org:kth-26","doi":null,"is_oa":true,"landing_page_url":"http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-26","pdf_url":null,"source":{"id":"https://openalex.org/S4306401559","display_name":"KTH Publication Database DiVA (KTH Royal Institute of Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I86987016","host_organization_name":"KTH Royal Institute of Technology","host_organization_lineage":["https://openalex.org/I86987016"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/doctoralThesis"},"volume":null,"type":"dissertation","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-26","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5086154390","display_name":"Mikael Amelin","orcid":"https://orcid.org/0000-0001-6000-9363","observed_orcids":["https://orcid.org/0000-0001-6000-9363"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Mikael Amelin","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-6000-9363","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5086154390"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":29,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10424","display_name":"Electric Power System Optimization","score":0.9804999828338623,"subfield":{"id":"https://openalex.org/subfields/2208","display_name":"Electrical and Electronic Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},"topics":[{"id":"https://openalex.org/T10424","display_name":"Electric Power System Optimization","score":0.9804999828338623,"subfield":{"id":"https://openalex.org/subfields/2208","display_name":"Electrical and Electronic Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.006399999838322401,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11941","display_name":"Power System Reliability and Maintenance","score":0.003000000026077032,"subfield":{"id":"https://openalex.org/subfields/2213","display_name":"Safety, Risk, Reliability and Quality"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/electricity-market","display_name":"electricity market","score":0.9810000061988831},{"id":"https://openalex.org/keywords/monte-carlo-simulation","display_name":"Monte Carlo simulation","score":0.9340000152587891},{"id":"https://openalex.org/keywords/variance-reduction","display_name":"variance reduction","score":0.8309999704360962},{"id":"https://openalex.org/keywords/electricity-market-modeling","display_name":"electricity market modeling","score":0.8849999904632568},{"id":"https://openalex.org/keywords/electricity-market-design","display_name":"electricity market design","score":0.6579999923706055},{"id":"https://openalex.org/keywords/investment-profitability","display_name":"investment profitability","score":0.628000020980835},{"id":"https://openalex.org/keywords/electricity-prices","display_name":"electricity prices","score":0.6740000247955322},{"id":"https://openalex.org/keywords/environmental-impact","display_name":"environmental impact","score":0.9139999747276306},{"id":"https://openalex.org/keywords/forecast-uncertainty","display_name":"forecast uncertainty","score":0.9850000143051147},{"id":"https://openalex.org/keywords/operating-costs","display_name":"operating costs","score":0.824999988079071},{"id":"https://openalex.org/keywords/reliability","display_name":"reliability","score":0.6039999723434448},{"id":"https://openalex.org/keywords/simulation-efficiency","display_name":"simulation efficiency","score":0.4659999907016754}],"concepts":[{"id":"https://openalex.org/C146733006","wikidata":"https://www.wikidata.org/wiki/Q676081","display_name":"Electricity market","level":3,"score":0.7459273934364319},{"id":"https://openalex.org/C19499675","wikidata":"https://www.wikidata.org/wiki/Q232207","display_name":"Monte Carlo method","level":2,"score":0.7021967172622681},{"id":"https://openalex.org/C206658404","wikidata":"https://www.wikidata.org/wiki/Q12725","display_name":"Electricity","level":2,"score":0.6832717061042786},{"id":"https://openalex.org/C196083921","wikidata":"https://www.wikidata.org/wiki/Q7915758","display_name":"Variance (accounting)","level":2,"score":0.5822878479957581},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.5191627740859985},{"id":"https://openalex.org/C2776639384","wikidata":"https://www.wikidata.org/wiki/Q840396","display_name":"Ideal (ethics)","level":2,"score":0.4753834009170532},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.4450565278530121},{"id":"https://openalex.org/C62644790","wikidata":"https://www.wikidata.org/wiki/Q3454689","display_name":"Variance reduction","level":3,"score":0.42154112458229065},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.4189053773880005},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3825887441635132},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.32016855478286743},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.1714652180671692},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.14329394698143005},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.09876364469528198},{"id":"https://openalex.org/C119599485","wikidata":"https://www.wikidata.org/wiki/Q43035","display_name":"Electrical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:DiVA.org:kth-26","doi":null,"is_oa":true,"landing_page_url":"http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-26","pdf_url":null,"source":{"id":"https://openalex.org/S4306401559","display_name":"KTH Publication Database DiVA (KTH Royal Institute of Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I86987016","host_organization_name":"KTH Royal Institute of Technology","host_organization_lineage":["https://openalex.org/I86987016"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/doctoralThesis"},{"id":"mag:2143885447","doi":null,"is_oa":false,"landing_page_url":"http://kth.diva-portal.org/smash/get/diva2:8243/FULLTEXT01","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":{"id":"pmh:oai:DiVA.org:kth-26","doi":null,"is_oa":true,"landing_page_url":"http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-26","pdf_url":null,"source":{"id":"https://openalex.org/S4306401559","display_name":"KTH Publication Database DiVA (KTH Royal Institute of Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I86987016","host_organization_name":"KTH Royal Institute of Technology","host_organization_lineage":["https://openalex.org/I86987016"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/doctoralThesis"},"sustainable_development_goals":[{"display_name":"Affordable and clean energy","score":0.75,"id":"https://metadata.un.org/sdg/7"},{"display_name":"Climate action","score":0.4399999976158142,"id":"https://metadata.un.org/sdg/13"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":82,"referenced_works":["https://openalex.org/W39785869","https://openalex.org/W186602825","https://openalex.org/W187725320","https://openalex.org/W1484862054","https://openalex.org/W1486460655","https://openalex.org/W1490355375","https://openalex.org/W1498003557","https://openalex.org/W1502876580","https://openalex.org/W1512340365","https://openalex.org/W1553608974","https://openalex.org/W1557987522","https://openalex.org/W1569990960","https://openalex.org/W1575779007","https://openalex.org/W1588448530","https://openalex.org/W1590902210","https://openalex.org/W1601541039","https://openalex.org/W1650569836","https://openalex.org/W1833195397","https://openalex.org/W1893030662","https://openalex.org/W1932921247","https://openalex.org/W1957711717","https://openalex.org/W1988261477","https://openalex.org/W1995914790","https://openalex.org/W2002040063","https://openalex.org/W2004263125","https://openalex.org/W2005513356","https://openalex.org/W2012638303","https://openalex.org/W2013298498","https://openalex.org/W2016600612","https://openalex.org/W2020745820","https://openalex.org/W2021892138","https://openalex.org/W2022778156","https://openalex.org/W2025406696","https://openalex.org/W2025430985","https://openalex.org/W2043579230","https://openalex.org/W2047531301","https://openalex.org/W2053670104","https://openalex.org/W2057205869","https://openalex.org/W2058394027","https://openalex.org/W2062796608","https://openalex.org/W2072991174","https://openalex.org/W2079421148","https://openalex.org/W2092495986","https://openalex.org/W2099732445","https://openalex.org/W2100047952","https://openalex.org/W2102639756","https://openalex.org/W2109007386","https://openalex.org/W2110554198","https://openalex.org/W2110626047","https://openalex.org/W2111346392","https://openalex.org/W2112379301","https://openalex.org/W2114854375","https://openalex.org/W2117783184","https://openalex.org/W2118064636","https://openalex.org/W2120834049","https://openalex.org/W2130481523","https://openalex.org/W2131649480","https://openalex.org/W2134801360","https://openalex.org/W2136343323","https://openalex.org/W2137017468","https://openalex.org/W2143742952","https://openalex.org/W2143984486","https://openalex.org/W2144744507","https://openalex.org/W2146029760","https://openalex.org/W2147632348","https://openalex.org/W2149780923","https://openalex.org/W2151358826","https://openalex.org/W2154042519","https://openalex.org/W2154106338","https://openalex.org/W2156265647","https://openalex.org/W2158577924","https://openalex.org/W2160356582","https://openalex.org/W2160805461","https://openalex.org/W2160882334","https://openalex.org/W2161852939","https://openalex.org/W2162306665","https://openalex.org/W2163318219","https://openalex.org/W2164874406","https://openalex.org/W2169448467","https://openalex.org/W2322091001","https://openalex.org/W2787523326","https://openalex.org/W3201818154"],"related_works":["https://openalex.org/W2042269038","https://openalex.org/W2136147415","https://openalex.org/W2892829173","https://openalex.org/W2804497469","https://openalex.org/W2295708386","https://openalex.org/W2096378716","https://openalex.org/W2791106273","https://openalex.org/W2276831903","https://openalex.org/W2349067852","https://openalex.org/W3149439747"],"abstract_inverted_index":{"This":[0],"dissertation":[1,208,320],"is":[2,82,96,108,118,132,148,265,297,322],"about":[3,193],"how":[4,152,181],"Monte":[5,90,211,349],"Carlo":[6,91,212,350],"simulation":[7,33,53,258,333,344],"can":[8,31,41,49,62,184,229,281,338],"be":[9,42,45,63,185,230,311],"used":[10],"to":[11,34,44,65,120,222,267,292],"analyse":[12],"electricity":[13,29,68,84,102,106,146,170,261,306,336],"markets.":[14,262],"There":[15],"are":[16,87,201,238,243,251,326],"a":[17,58,97,112,133,188,254,340],"wide":[18],"range":[19],"of":[20,52,77,99,115,135,143,168,175,206,219,248,259,334],"applications":[21,242],"for":[22,24,89,256,342],"simulation;":[23],"example,":[25],"players":[26],"in":[27,187,318],"the":[28,74,78,80,136,144,153,157,162,166,169,173,176,207,210,217,272,276,294,314,319,330],"market":[30,60,85,107,147,171,307],"use":[32],"decide":[35],"whether":[36],"or":[37,284],"not":[38,124],"an":[39,100,105],"investment":[40],"expected":[43,64],"profitable,":[46],"and":[47,122,129,172,198,240,271,328],"authorities":[48],"by":[50,150],"means":[51],"find":[54],"out":[55],"which":[56,83],"consequences":[57,161],"certain":[59],"design":[61],"have":[66,164],"on":[67,165],"prices,":[69],"environmental":[70,194],"impact,":[71,195],"etc.":[72],"In":[73],"first":[75],"part":[76,205],"dissertation,":[79],"focus":[81],"models":[86,308],"suitable":[88],"simulation.":[92],"The":[93,141,203,246,263],"starting":[94],"point":[95,114],"definition":[98,142],"ideal":[101,145,158],"market.":[103],"Such":[104],"partly":[109,130],"practical":[110],"from":[111,156,332],"mathematical":[113,189],"view":[116],"(it":[117],"simple":[119],"formulate":[121],"does":[123],"require":[125],"too":[126],"complex":[127,305],"calculations)":[128],"it":[131,321],"representation":[134],"best":[137],"possible":[138,241],"resource":[139],"utilisation.":[140],"followed":[149],"analysis":[151],"reality":[154],"differs":[155],"model,":[159],"what":[160],"differences":[163],"rules":[167],"strategies":[174],"players,":[177],"as":[178,180],"well":[179],"non-ideal":[182],"properties":[183],"included":[186],"model.":[190],"Particularly,":[191],"questions":[192],"forecast":[196],"uncertainty":[197],"grid":[199],"costs":[200],"studied.":[202],"second":[204],"treats":[209],"technique":[213],"itself.":[214],"To":[215],"reduce":[216],"number":[218],"samples":[220,290],"necessary":[221],"obtain":[223],"accurate":[224],"results,":[225],"variance":[226,235,278,301,352],"reduction":[227,236,279,302,353],"techniques":[228,237,280],"used.":[231],"Here,":[232],"six":[233],"different":[234],"studied":[239],"pointed":[244],"out.":[245],"conclusions":[247],"these":[249],"studies":[250],"turned":[252],"into":[253],"method":[255,264],"efficient":[257],"basic":[260,335],"applied":[266],"some":[268],"test":[269],"systems":[270],"results":[273,286,331],"show":[274],"that":[275,324,329],"chosen":[277],"produce":[282],"equal":[283],"better":[285],"using":[287,313],"99%":[288],"fewer":[289],"compared":[291],"when":[293],"same":[295,315],"system":[296],"simulated":[298,312],"without":[299],"any":[300],"technique.":[303],"More":[304],"cannot":[309],"directly":[310],"method.":[316],"However,":[317],"shown":[323],"there":[325],"parallels":[327],"markets":[337],"form":[339],"foundation":[341],"future":[343],"methods.":[345],"Keywords:":[346],"Electricity":[347],"market,":[348],"simulation,":[351],"techniques,":[354],"operation":[355],"cost,":[356],"reliability.":[357]},"counts_by_year":[{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":2},{"year":2018,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-09-26T08:19:03.415552","created_date":"2016-06-24T00:00:00"}
