{"id":"https://openalex.org/W3163071972","doi":"https://doi.org/10.1109/access.2021.3078288","title":"Strategic Bidding in the Presence of Renewable Sources for Optimizing the Profit of the Power Suppliers","display_name":"Strategic Bidding in the Presence of Renewable Sources for Optimizing the Profit of the Power Suppliers","publication_year":2021,"publication_date":"2021-01-01","ids":{"openalex":"https://openalex.org/W3163071972","doi":"https://doi.org/10.1109/access.2021.3078288","mag":"3163071972"},"language":"en","primary_location":{"id":"doi:10.1109/access.2021.3078288","is_oa":true,"landing_page_url":"https://doi.org/10.1109/access.2021.3078288","pdf_url":null,"source":{"id":"https://openalex.org/S2485537415","display_name":"IEEE Access","issn_l":"2169-3536","issn":["2169-3536"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Access","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://doi.org/10.1109/access.2021.3078288","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5103165603","display_name":"Satyendra Singh","orcid":"https://orcid.org/0000-0002-3860-2627"},"institutions":[{"id":"https://openalex.org/I3133421068","display_name":"Bhartiya Skill Development University","ror":"https://ror.org/0093rkw25","country_code":"IN","type":"education","lineage":["https://openalex.org/I3133421068"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Satyendra Singh","raw_affiliation_strings":["School of Electrical Skills, Bhartiya Skill Development University, Jaipur, India"],"raw_orcid":"https://orcid.org/0000-0002-3860-2627","affiliations":[{"raw_affiliation_string":"School of Electrical Skills, Bhartiya Skill Development University, Jaipur, India","institution_ids":["https://openalex.org/I3133421068"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5087616820","display_name":"Manoj Fozdar","orcid":null},"institutions":[{"id":"https://openalex.org/I83205935","display_name":"Malaviya National Institute of Technology Jaipur","ror":"https://ror.org/0077k1j32","country_code":"IN","type":"education","lineage":["https://openalex.org/I83205935"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Manoj Fozdar","raw_affiliation_strings":["Malaviya National Institute of Technology, Jaipur, India"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Malaviya National Institute of Technology, Jaipur, India","institution_ids":["https://openalex.org/I83205935"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5066926449","display_name":"Abdulaziz Almutairi","orcid":"https://orcid.org/0000-0003-2374-9754"},"institutions":[{"id":"https://openalex.org/I195631090","display_name":"Majmaah University","ror":"https://ror.org/01mcrnj60","country_code":"SA","type":"education","lineage":["https://openalex.org/I195631090"]}],"countries":["SA"],"is_corresponding":false,"raw_author_name":"Abdulaziz Almutairi","raw_affiliation_strings":["College of Engineering, Majmaah University, Al Majma\u2019ah, Saudi Arabia","College of Engineering, Majmaah University, Al Majma'ah, Saudi Arabia"],"raw_orcid":"https://orcid.org/0000-0003-2374-9754","affiliations":[{"raw_affiliation_string":"College of Engineering, Majmaah University, Al Majma\u2019ah, Saudi Arabia","institution_ids":["https://openalex.org/I195631090"]},{"raw_affiliation_string":"College of Engineering, Majmaah University, Al Majma'ah, Saudi Arabia","institution_ids":["https://openalex.org/I195631090"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5021512863","display_name":"Saeed Alyami","orcid":"https://orcid.org/0000-0003-0647-6993"},"institutions":[{"id":"https://openalex.org/I195631090","display_name":"Majmaah University","ror":"https://ror.org/01mcrnj60","country_code":"SA","type":"education","lineage":["https://openalex.org/I195631090"]}],"countries":["SA"],"is_corresponding":false,"raw_author_name":"Saeed Alyami","raw_affiliation_strings":["College of Engineering, Majmaah University, Al Majma\u2019ah, Saudi Arabia","College of Engineering, Majmaah University, Al Majma'ah, Saudi Arabia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"College of Engineering, Majmaah University, Al Majma\u2019ah, Saudi Arabia","institution_ids":["https://openalex.org/I195631090"]},{"raw_affiliation_string":"College of Engineering, Majmaah University, Al Majma'ah, Saudi Arabia","institution_ids":["https://openalex.org/I195631090"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5026567808","display_name":"Hasmat Malik","orcid":"https://orcid.org/0000-0002-0085-9734"},"institutions":[{"id":"https://openalex.org/I4210167254","display_name":"Singapore-MIT Alliance for Research and Technology","ror":"https://ror.org/05yb3w112","country_code":"SG","type":"education","lineage":["https://openalex.org/I4210167254"]}],"countries":["SG"],"is_corresponding":false,"raw_author_name":"Hasmat Malik","raw_affiliation_strings":["Berkeley Education Alliance for Research in Singapore (BEARS), CREATE Tower, NUS Campus, Singapore"],"raw_orcid":"https://orcid.org/0000-0002-0085-9734","affiliations":[{"raw_affiliation_string":"Berkeley Education Alliance for Research in Singapore (BEARS), CREATE Tower, NUS Campus, Singapore","institution_ids":["https://openalex.org/I4210167254"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":5,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":1850,"currency":"USD","value_usd":1850},"apc_paid":{"value":1850,"currency":"USD","value_usd":1850},"fwci":1.2204,"has_fulltext":false,"cited_by_count":14,"citation_normalized_percentile":{"value":0.78585512,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":90,"max":98},"biblio":{"volume":"9","issue":null,"first_page":"70221","last_page":"70232"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10424","display_name":"Electric Power System Optimization","score":0.9998000264167786,"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":0.9998000264167786,"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/T11052","display_name":"Energy Load and Power Forecasting","score":0.9990000128746033,"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/T10603","display_name":"Smart Grid Energy Management","score":0.9983999729156494,"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/renewable-energy","display_name":"Renewable energy","score":0.6576747894287109},{"id":"https://openalex.org/keywords/bidding","display_name":"Bidding","score":0.5839313268661499},{"id":"https://openalex.org/keywords/wind-power","display_name":"Wind power","score":0.541698157787323},{"id":"https://openalex.org/keywords/environmental-economics","display_name":"Environmental economics","score":0.5381660461425781},{"id":"https://openalex.org/keywords/electricity","display_name":"Electricity","score":0.5108630061149597},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.5046941041946411},{"id":"https://openalex.org/keywords/electricity-market","display_name":"Electricity market","score":0.4434952139854431},{"id":"https://openalex.org/keywords/electric-power-system","display_name":"Electric power system","score":0.4196091890335083},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.273190975189209},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.25566744804382324},{"id":"https://openalex.org/keywords/power","display_name":"Power (physics)","score":0.12277749180793762},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.11906087398529053}],"concepts":[{"id":"https://openalex.org/C188573790","wikidata":"https://www.wikidata.org/wiki/Q12705","display_name":"Renewable energy","level":2,"score":0.6576747894287109},{"id":"https://openalex.org/C9233905","wikidata":"https://www.wikidata.org/wiki/Q3276328","display_name":"Bidding","level":2,"score":0.5839313268661499},{"id":"https://openalex.org/C78600449","wikidata":"https://www.wikidata.org/wiki/Q43302","display_name":"Wind power","level":2,"score":0.541698157787323},{"id":"https://openalex.org/C134560507","wikidata":"https://www.wikidata.org/wiki/Q753291","display_name":"Environmental economics","level":1,"score":0.5381660461425781},{"id":"https://openalex.org/C206658404","wikidata":"https://www.wikidata.org/wiki/Q12725","display_name":"Electricity","level":2,"score":0.5108630061149597},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.5046941041946411},{"id":"https://openalex.org/C146733006","wikidata":"https://www.wikidata.org/wiki/Q676081","display_name":"Electricity market","level":3,"score":0.4434952139854431},{"id":"https://openalex.org/C89227174","wikidata":"https://www.wikidata.org/wiki/Q2388981","display_name":"Electric power system","level":3,"score":0.4196091890335083},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.273190975189209},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.25566744804382324},{"id":"https://openalex.org/C163258240","wikidata":"https://www.wikidata.org/wiki/Q25342","display_name":"Power (physics)","level":2,"score":0.12277749180793762},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.11906087398529053},{"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/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1109/access.2021.3078288","is_oa":true,"landing_page_url":"https://doi.org/10.1109/access.2021.3078288","pdf_url":null,"source":{"id":"https://openalex.org/S2485537415","display_name":"IEEE Access","issn_l":"2169-3536","issn":["2169-3536"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Access","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:bc18b20b0fd74425b5ec9f6d6de95d72","is_oa":true,"landing_page_url":"https://doaj.org/article/bc18b20b0fd74425b5ec9f6d6de95d72","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":"IEEE Access, Vol 9, Pp 70221-70232 (2021)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1109/access.2021.3078288","is_oa":true,"landing_page_url":"https://doi.org/10.1109/access.2021.3078288","pdf_url":null,"source":{"id":"https://openalex.org/S2485537415","display_name":"IEEE Access","issn_l":"2169-3536","issn":["2169-3536"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Access","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.75,"id":"https://metadata.un.org/sdg/7","display_name":"Affordable and clean energy"}],"awards":[{"id":"https://openalex.org/G7258939211","display_name":null,"funder_award_id":"R-2021-96","funder_id":"https://openalex.org/F4320324553","funder_display_name":"Majmaah University"}],"funders":[{"id":"https://openalex.org/F4320324553","display_name":"Majmaah University","ror":"https://ror.org/01mcrnj60"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":40,"referenced_works":["https://openalex.org/W208371877","https://openalex.org/W1906933964","https://openalex.org/W1964513958","https://openalex.org/W1973571346","https://openalex.org/W2004339550","https://openalex.org/W2007541915","https://openalex.org/W2017033124","https://openalex.org/W2023578493","https://openalex.org/W2030890020","https://openalex.org/W2032758818","https://openalex.org/W2051743363","https://openalex.org/W2053447047","https://openalex.org/W2054471355","https://openalex.org/W2070602286","https://openalex.org/W2072955302","https://openalex.org/W2078322260","https://openalex.org/W2091555812","https://openalex.org/W2102900229","https://openalex.org/W2110554198","https://openalex.org/W2111873562","https://openalex.org/W2115468430","https://openalex.org/W2142400092","https://openalex.org/W2146637472","https://openalex.org/W2153168378","https://openalex.org/W2159883961","https://openalex.org/W2322739682","https://openalex.org/W2419231748","https://openalex.org/W2496362907","https://openalex.org/W2561678070","https://openalex.org/W2621404021","https://openalex.org/W2723747290","https://openalex.org/W2737067074","https://openalex.org/W2771002068","https://openalex.org/W2796642134","https://openalex.org/W2894509672","https://openalex.org/W2897116489","https://openalex.org/W2910713102","https://openalex.org/W2920990308","https://openalex.org/W2974238679","https://openalex.org/W6746493837"],"related_works":["https://openalex.org/W3117163868","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"],"abstract_inverted_index":{"The":[0,208],"fast":[1],"globalization":[2],"of":[3,21,54,58,77,94,103,112,118,135,145,161,167,173,210,216,224,226],"renewable":[4,146,193,227],"energy-based":[5],"technologies":[6],"has":[7,16,180,199],"enabled":[8],"its":[9,29],"wide":[10],"speared":[11],"utilization":[12],"as":[13],"well.":[14],"This":[15,178],"shaped":[17],"a":[18,74,153],"new":[19],"prospect":[20],"operation":[22],"in":[23,39,50,164,221],"the":[24,40,51,59,63,67,70,90,100,110,113,136,143,159,165,171,185,204,211,214,217,222],"modern":[25],"electricity":[26,42,162],"system.":[27],"But,":[28],"dependency":[30],"on":[31],"environmental":[32],"factors":[33],"leads":[34],"to":[35,61,80,98,141,157],"an":[36,131],"uncertain":[37],"scenario":[38,95],"day-ahead":[41],"market.":[43],"During":[44],"this":[45,149,197],"period,":[46],"compromises":[47],"are":[48,125,139],"made":[49],"genuine":[52],"process":[53],"expenditure":[55],"and":[56,106,115,123,133,170,175,191,196],"resources":[57],"producers":[60,163],"offset":[62],"capacity":[64],"that":[65],"decreases":[66],"profits":[68],"for":[69,92],"producers.":[71],"In":[72],"general,":[73],"significant":[75],"variety":[76],"scenarios":[78,124],"need":[79,91],"be":[81],"taken":[82],"into":[83],"account":[84],"when":[85],"describing":[86],"uncertainty,":[87],"thereby":[88],"necessitating":[89],"techniques":[93],"reduction.":[96],"Therefore,":[97],"manage":[99],"intractable":[101],"effects":[102],"solar":[104,174],"radiation":[105],"wind":[107,176],"speed":[108],"instability,":[109],"function":[111,138],"Beta":[114],"Weibull":[116],"distribution":[117],"probability":[119],"is":[120,151],"implemented,":[121],"respectively,":[122],"minimized":[126],"using":[127,203],"forward-reduction":[128],"algorithms.":[129],"Besides,":[130],"underestimation":[132],"overestimation":[134],"cost":[137],"used":[140],"calculate":[142],"deviation":[144],"influence.":[147],"Thus,":[148],"paper":[150],"suggesting":[152],"valuable":[154],"bidding":[155],"strategy":[156,220],"maximize":[158],"remuneration":[160],"presence":[166,223],"rival":[168],"competitors":[169],"instability":[172],"energy.":[177,228],"problem":[179,198],"been":[181,200],"prepared":[182],"by":[183,202],"taking":[184],"benchmark":[186],"IEEE":[187],"30-bus":[188],"network":[189],"with":[190],"without":[192],"energy":[194],"sources,":[195],"solved":[201],"Gravitational":[205],"Search":[206],"Algorithm.":[207],"observations":[209],"outcome":[212],"demonstrate":[213],"appropriateness":[215],"projected":[218],"bid":[219],"volatility":[225]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":5},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":4}],"updated_date":"2026-06-11T09:08:48.828518","created_date":"2025-10-10T00:00:00"}
