{"id":"https://openalex.org/W4385897186","doi":"https://doi.org/10.1007/s44196-023-00309-3","title":"Forecasting the Spot Market Electricity Price with a Long Short-Term Memory Model Architecture in a Disruptive Economic and Geopolitical Context","display_name":"Forecasting the Spot Market Electricity Price with a Long Short-Term Memory Model Architecture in a Disruptive Economic and Geopolitical Context","publication_year":2023,"publication_date":"2023-08-09","ids":{"openalex":"https://openalex.org/W4385897186","doi":"https://doi.org/10.1007/s44196-023-00309-3"},"language":"en","primary_location":{"id":"doi:10.1007/s44196-023-00309-3","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s44196-023-00309-3","pdf_url":"https://link.springer.com/content/pdf/10.1007/s44196-023-00309-3.pdf","source":{"id":"https://openalex.org/S190680769","display_name":"International Journal of Computational Intelligence Systems","issn_l":"1875-6883","issn":["1875-6883","1875-6891"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Computational Intelligence Systems","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://link.springer.com/content/pdf/10.1007/s44196-023-00309-3.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5072430260","display_name":"Adela B\u00e2r\u00e3","orcid":"https://orcid.org/0000-0002-0961-352X"},"institutions":[{"id":"https://openalex.org/I33800924","display_name":"Academia Oamenilor de \u0218tiin\u021b\u0103 din Rom\u00e2nia","ror":"https://ror.org/04ybnj478","country_code":"RO","type":"facility","lineage":["https://openalex.org/I33800924"]}],"countries":["RO"],"is_corresponding":false,"raw_author_name":"Adela B\u00e2ra","raw_affiliation_strings":["Academy of Romanian Scientists, Ilfov 3, 050044, Bucharest, Romania"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Academy of Romanian Scientists, Ilfov 3, 050044, Bucharest, Romania","institution_ids":["https://openalex.org/I33800924"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5035700125","display_name":"Simona\u2010Vasilica Oprea","orcid":"https://orcid.org/0000-0002-9005-5181"},"institutions":[{"id":"https://openalex.org/I88491126","display_name":"Bucharest University of Economic Studies","ror":"https://ror.org/04yvncj21","country_code":"RO","type":"education","lineage":["https://openalex.org/I88491126"]}],"countries":["RO"],"is_corresponding":true,"raw_author_name":"Simona-Vasilica Oprea","raw_affiliation_strings":["Department of Economic Informatics and Cybernetics, Bucharest University of Economic Studies, 6 Pia\u0163a Roman\u0103, Bucharest, Romania"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economic Informatics and Cybernetics, Bucharest University of Economic Studies, 6 Pia\u0163a Roman\u0103, Bucharest, Romania","institution_ids":["https://openalex.org/I88491126"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5016624625","display_name":"Alexandru-Costin B\u0103roiu","orcid":"https://orcid.org/0000-0001-9500-7552"},"institutions":[{"id":"https://openalex.org/I33800924","display_name":"Academia Oamenilor de \u0218tiin\u021b\u0103 din Rom\u00e2nia","ror":"https://ror.org/04ybnj478","country_code":"RO","type":"facility","lineage":["https://openalex.org/I33800924"]}],"countries":["RO"],"is_corresponding":false,"raw_author_name":"Alexandru-Costin B\u0103roiu","raw_affiliation_strings":["Academy of Romanian Scientists, Ilfov 3, 050044, Bucharest, Romania"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Academy of Romanian Scientists, Ilfov 3, 050044, Bucharest, Romania","institution_ids":["https://openalex.org/I33800924"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5035700125"],"corresponding_institution_ids":["https://openalex.org/I88491126"],"apc_list":{"value":1390,"currency":"GBP","value_usd":1704},"apc_paid":{"value":1390,"currency":"GBP","value_usd":1704},"fwci":0.6121,"has_fulltext":true,"cited_by_count":5,"citation_normalized_percentile":{"value":0.67320896,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":90,"max":98},"biblio":{"volume":"16","issue":"1","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11052","display_name":"Energy Load and Power Forecasting","score":0.9998999834060669,"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/T11052","display_name":"Energy Load and Power Forecasting","score":0.9998999834060669,"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/T11059","display_name":"Market Dynamics and Volatility","score":0.9961000084877014,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"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/T10424","display_name":"Electric Power System Optimization","score":0.9854999780654907,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.6536221504211426},{"id":"https://openalex.org/keywords/electricity-market","display_name":"Electricity market","score":0.5515767931938171},{"id":"https://openalex.org/keywords/hyperparameter","display_name":"Hyperparameter","score":0.5177782773971558},{"id":"https://openalex.org/keywords/artificial-intelligence","display_name":"Artificial intelligence","score":0.5025389194488525},{"id":"https://openalex.org/keywords/electricity","display_name":"Electricity","score":0.48339810967445374},{"id":"https://openalex.org/keywords/machine-learning","display_name":"Machine learning","score":0.4621053636074066},{"id":"https://openalex.org/keywords/context","display_name":"Context (archaeology)","score":0.4126933515071869},{"id":"https://openalex.org/keywords/operations-research","display_name":"Operations research","score":0.34690096974372864},{"id":"https://openalex.org/keywords/economy","display_name":"Economy","score":0.32739442586898804},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.2141072154045105},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.1420704424381256},{"id":"https://openalex.org/keywords/geography","display_name":"Geography","score":0.10049805045127869}],"concepts":[{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.6536221504211426},{"id":"https://openalex.org/C146733006","wikidata":"https://www.wikidata.org/wiki/Q676081","display_name":"Electricity market","level":3,"score":0.5515767931938171},{"id":"https://openalex.org/C8642999","wikidata":"https://www.wikidata.org/wiki/Q4171168","display_name":"Hyperparameter","level":2,"score":0.5177782773971558},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.5025389194488525},{"id":"https://openalex.org/C206658404","wikidata":"https://www.wikidata.org/wiki/Q12725","display_name":"Electricity","level":2,"score":0.48339810967445374},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.4621053636074066},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.4126933515071869},{"id":"https://openalex.org/C42475967","wikidata":"https://www.wikidata.org/wiki/Q194292","display_name":"Operations research","level":1,"score":0.34690096974372864},{"id":"https://openalex.org/C136264566","wikidata":"https://www.wikidata.org/wiki/Q159810","display_name":"Economy","level":1,"score":0.32739442586898804},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2141072154045105},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.1420704424381256},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.10049805045127869},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C119599485","wikidata":"https://www.wikidata.org/wiki/Q43035","display_name":"Electrical engineering","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1007/s44196-023-00309-3","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s44196-023-00309-3","pdf_url":"https://link.springer.com/content/pdf/10.1007/s44196-023-00309-3.pdf","source":{"id":"https://openalex.org/S190680769","display_name":"International Journal of Computational Intelligence Systems","issn_l":"1875-6883","issn":["1875-6883","1875-6891"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Computational Intelligence Systems","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:8c11c79e506f43f88e530153f5619ce9","is_oa":true,"landing_page_url":"https://doaj.org/article/8c11c79e506f43f88e530153f5619ce9","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"International Journal of Computational Intelligence Systems, Vol 16, Iss 1, Pp 1-22 (2023)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1007/s44196-023-00309-3","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s44196-023-00309-3","pdf_url":"https://link.springer.com/content/pdf/10.1007/s44196-023-00309-3.pdf","source":{"id":"https://openalex.org/S190680769","display_name":"International Journal of Computational Intelligence Systems","issn_l":"1875-6883","issn":["1875-6883","1875-6891"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Computational Intelligence Systems","raw_type":"journal-article"},"sustainable_development_goals":[],"awards":[{"id":"https://openalex.org/G4580765747","display_name":null,"funder_award_id":"PCE35","funder_id":"https://openalex.org/F4320323983","funder_display_name":"Unitatea Executiva pentru Finantarea Invatamantului Superior, a Cercetarii, Dezvoltarii si Inovarii"}],"funders":[{"id":"https://openalex.org/F4320323983","display_name":"Unitatea Executiva pentru Finantarea Invatamantului Superior, a Cercetarii, Dezvoltarii si Inovarii","ror":"https://ror.org/01q7jq182"},{"id":"https://openalex.org/F4320330607","display_name":"Academia Oamenilor de \u0218tiin\u021b\u0103 din Rom\u00e2nia","ror":"https://ror.org/04ybnj478"}],"has_content":{"grobid_xml":false,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4385897186.pdf"},"referenced_works_count":56,"referenced_works":["https://openalex.org/W1982074721","https://openalex.org/W2064675550","https://openalex.org/W2105624819","https://openalex.org/W2295598076","https://openalex.org/W2511296364","https://openalex.org/W2609794113","https://openalex.org/W2802586787","https://openalex.org/W2899816880","https://openalex.org/W2905238323","https://openalex.org/W2907228515","https://openalex.org/W2922207751","https://openalex.org/W2932960505","https://openalex.org/W2936599571","https://openalex.org/W2941926021","https://openalex.org/W2955168531","https://openalex.org/W2958060654","https://openalex.org/W2984455290","https://openalex.org/W3000538773","https://openalex.org/W3001479960","https://openalex.org/W3035338169","https://openalex.org/W3040694753","https://openalex.org/W3047269314","https://openalex.org/W3047713741","https://openalex.org/W3049310425","https://openalex.org/W3114878118","https://openalex.org/W3114950604","https://openalex.org/W3121701357","https://openalex.org/W3129424940","https://openalex.org/W3129684859","https://openalex.org/W3130445189","https://openalex.org/W3135553079","https://openalex.org/W3136021864","https://openalex.org/W3147988795","https://openalex.org/W3158083032","https://openalex.org/W3174714560","https://openalex.org/W3181506921","https://openalex.org/W3183760922","https://openalex.org/W3196450404","https://openalex.org/W3196516259","https://openalex.org/W3206351020","https://openalex.org/W3208746979","https://openalex.org/W4200129409","https://openalex.org/W4200187566","https://openalex.org/W4205878352","https://openalex.org/W4214936883","https://openalex.org/W4226385950","https://openalex.org/W4226427243","https://openalex.org/W4229443704","https://openalex.org/W4280552144","https://openalex.org/W4283801614","https://openalex.org/W4285187458","https://openalex.org/W4287446936","https://openalex.org/W4294891488","https://openalex.org/W4296005784","https://openalex.org/W4311687053","https://openalex.org/W4312854820"],"related_works":["https://openalex.org/W3005545942","https://openalex.org/W2356680598","https://openalex.org/W2966111772","https://openalex.org/W2385067961","https://openalex.org/W2299915012","https://openalex.org/W2383586764","https://openalex.org/W4327773935","https://openalex.org/W2014767125","https://openalex.org/W2305061769","https://openalex.org/W2477218593"],"abstract_inverted_index":{"Abstract":[0],"In":[1],"this":[2,57,121],"paper,":[3,58],"we":[4,59,93],"perform":[5],"a":[6,13,126,151,164,169],"short-run":[7],"Electricity":[8],"Price":[9],"Forecast":[10],"(EPF)":[11],"with":[12,38,109,150],"Recurrent":[14],"Neural":[15],"Network":[16],"(RNN),":[17],"namely":[18,46],"Long":[19],"Short-Term":[20],"Memory":[21],"(LSTM),":[22],"using":[23,163],"an":[24,139],"algorithm":[25,140,157],"that":[26,80,129],"selects":[27],"the":[28,32,41,62,67,70,77,96,101,110,113,143,159,181],"variables":[29,162],"and":[30,65,69,137,167,177],"optimizes":[31],"hyperparameters.":[33],"The":[34,118,155],"results":[35],"are":[36],"compared":[37,75],"one":[39,99],"of":[40,100,112,120,171],"standout":[42],"machine":[43],"learning":[44,178],"algorithms,":[45],"eXtreme":[47],"Gradient":[48],"Boosting":[49],"(XGB).":[50],"Apart":[51],"from":[52,131],"other":[53],"EPF":[54,97,183],"solutions,":[55],"in":[56,72,124],"focus":[60],"on":[61,95],"interval":[63],"before":[64],"after":[66],"pandemic":[68],"conflict":[71],"Ukraine.":[73],"Furthermore,":[74],"to":[76,134,141,148],"previous":[78],"papers":[79],"mainly":[81],"approached":[82],"German,":[83],"Austrian,":[84],"Australian,":[85],"Spanish,":[86],"Nordic":[87],"electricity":[88,116],"Day":[89],"Ahead":[90],"Markets":[91],"(DAM),":[92],"emphasize":[94],"for":[98],"East-European":[102],"countries\u2014Romania":[103],"whose":[104],"market":[105],"rules":[106,111],"closely":[107],"align":[108],"European":[114],"Union":[115],"DAM.":[117],"contribution":[119],"study":[122],"consists":[123],"creating":[125],"data":[127],"set":[128],"spans":[130],"January":[132],"2019":[133],"August":[135],"2022":[136],"providing":[138],"identify":[142],"best":[144,182],"stacked":[145],"LSTM":[146],"architecture":[147],"cope":[149],"challenging":[152],"short-term":[153],"EPF.":[154],"proposed":[156],"identifies":[158],"most":[160],"relevant":[161],"correlation":[165],"threshold":[166],"performs":[168],"combination":[170],"three":[172],"parameters\u2014hidden":[173],"layer":[174],"size,":[175],"dropout":[176],"rate":[179],"generating":[180],"results.":[184]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":1}],"updated_date":"2026-06-13T06:13:01.061226","created_date":"2025-10-10T00:00:00"}
