{"id":"https://openalex.org/W2898108869","doi":"https://doi.org/10.1109/tsg.2018.2878024","title":"Optimal Bidding Strategy of Transactive Agents in Local Energy Markets","display_name":"Optimal Bidding Strategy of Transactive Agents in Local Energy Markets","publication_year":2018,"publication_date":"2018-10-25","ids":{"openalex":"https://openalex.org/W2898108869","doi":"https://doi.org/10.1109/tsg.2018.2878024","mag":"2898108869"},"language":"en","primary_location":{"id":"doi:10.1109/tsg.2018.2878024","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tsg.2018.2878024","pdf_url":null,"source":{"id":"https://openalex.org/S59604973","display_name":"IEEE Transactions on Smart Grid","issn_l":"1949-3053","issn":["1949-3053","1949-3061"],"is_oa":false,"is_in_doaj":false,"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 Transactions on Smart Grid","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5078906666","display_name":"Rahim Ghorani","orcid":"https://orcid.org/0000-0003-4110-0959"},"institutions":[{"id":"https://openalex.org/I133529467","display_name":"Sharif University of Technology","ror":"https://ror.org/024c2fq17","country_code":"IR","type":"education","lineage":["https://openalex.org/I133529467"]}],"countries":["IR"],"is_corresponding":false,"raw_author_name":"Rahim Ghorani","raw_affiliation_strings":["Center of Excellence in Power System Management and Control, Sharif University of Technology, Tehran, Iran"],"raw_orcid":"https://orcid.org/0000-0003-4110-0959","affiliations":[{"raw_affiliation_string":"Center of Excellence in Power System Management and Control, Sharif University of Technology, Tehran, Iran","institution_ids":["https://openalex.org/I133529467"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5038158100","display_name":"Mahmud Fotuhi\u2010Firuzabad","orcid":"https://orcid.org/0000-0002-5507-9938"},"institutions":[{"id":"https://openalex.org/I133529467","display_name":"Sharif University of Technology","ror":"https://ror.org/024c2fq17","country_code":"IR","type":"education","lineage":["https://openalex.org/I133529467"]}],"countries":["IR"],"is_corresponding":false,"raw_author_name":"Mahmud Fotuhi-Firuzabad","raw_affiliation_strings":["Center of Excellence in Power System Management and Control, Sharif University of Technology, Tehran, Iran"],"raw_orcid":"https://orcid.org/0000-0002-5507-9938","affiliations":[{"raw_affiliation_string":"Center of Excellence in Power System Management and Control, Sharif University of Technology, Tehran, Iran","institution_ids":["https://openalex.org/I133529467"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5005646619","display_name":"Moein Moeini\u2010Aghtaie","orcid":"https://orcid.org/0000-0002-7656-6807"},"institutions":[{"id":"https://openalex.org/I133529467","display_name":"Sharif University of Technology","ror":"https://ror.org/024c2fq17","country_code":"IR","type":"education","lineage":["https://openalex.org/I133529467"]}],"countries":["IR"],"is_corresponding":false,"raw_author_name":"Moein Moeini-Aghtaie","raw_affiliation_strings":["Department of Energy Engineering, Sharif University of Technology, Tehran, Iran"],"raw_orcid":"https://orcid.org/0000-0002-7656-6807","affiliations":[{"raw_affiliation_string":"Department of Energy Engineering, Sharif University of Technology, Tehran, Iran","institution_ids":["https://openalex.org/I133529467"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I133529467"],"apc_list":null,"apc_paid":null,"fwci":3.4046,"has_fulltext":false,"cited_by_count":74,"citation_normalized_percentile":{"value":0.93098186,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":97,"max":100},"biblio":{"volume":"10","issue":"5","first_page":"5152","last_page":"5162"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10603","display_name":"Smart Grid Energy Management","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/T10603","display_name":"Smart Grid Energy Management","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/T10424","display_name":"Electric Power System Optimization","score":0.9955999851226807,"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/T10768","display_name":"Electric Vehicles and Infrastructure","score":0.9829999804496765,"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/bidding","display_name":"Bidding","score":0.9039533138275146},{"id":"https://openalex.org/keywords/transactive-memory","display_name":"Transactive memory","score":0.6542611718177795},{"id":"https://openalex.org/keywords/context","display_name":"Context (archaeology)","score":0.5500711798667908},{"id":"https://openalex.org/keywords/profit","display_name":"Profit (economics)","score":0.5378754138946533},{"id":"https://openalex.org/keywords/electricity-market","display_name":"Electricity market","score":0.48612380027770996},{"id":"https://openalex.org/keywords/risk-management","display_name":"Risk management","score":0.4600531756877899},{"id":"https://openalex.org/keywords/electricity","display_name":"Electricity","score":0.45952755212783813},{"id":"https://openalex.org/keywords/energy-market","display_name":"Energy market","score":0.45695945620536804},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.44972917437553406},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.4397442936897278},{"id":"https://openalex.org/keywords/risk-analysis","display_name":"Risk analysis (engineering)","score":0.4354400932788849},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.413012832403183},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.3331366181373596},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.24000632762908936},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.12530314922332764},{"id":"https://openalex.org/keywords/knowledge-management","display_name":"Knowledge management","score":0.0957486629486084},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.09259548783302307}],"concepts":[{"id":"https://openalex.org/C9233905","wikidata":"https://www.wikidata.org/wiki/Q3276328","display_name":"Bidding","level":2,"score":0.9039533138275146},{"id":"https://openalex.org/C166729404","wikidata":"https://www.wikidata.org/wiki/Q7833742","display_name":"Transactive memory","level":2,"score":0.6542611718177795},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.5500711798667908},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.5378754138946533},{"id":"https://openalex.org/C146733006","wikidata":"https://www.wikidata.org/wiki/Q676081","display_name":"Electricity market","level":3,"score":0.48612380027770996},{"id":"https://openalex.org/C32896092","wikidata":"https://www.wikidata.org/wiki/Q189447","display_name":"Risk management","level":2,"score":0.4600531756877899},{"id":"https://openalex.org/C206658404","wikidata":"https://www.wikidata.org/wiki/Q12725","display_name":"Electricity","level":2,"score":0.45952755212783813},{"id":"https://openalex.org/C2776849302","wikidata":"https://www.wikidata.org/wiki/Q1239166","display_name":"Energy market","level":3,"score":0.45695945620536804},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.44972917437553406},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4397442936897278},{"id":"https://openalex.org/C112930515","wikidata":"https://www.wikidata.org/wiki/Q4389547","display_name":"Risk analysis (engineering)","level":1,"score":0.4354400932788849},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.413012832403183},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.3331366181373596},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.24000632762908936},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.12530314922332764},{"id":"https://openalex.org/C56739046","wikidata":"https://www.wikidata.org/wiki/Q192060","display_name":"Knowledge management","level":1,"score":0.0957486629486084},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.09259548783302307},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"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/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/tsg.2018.2878024","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tsg.2018.2878024","pdf_url":null,"source":{"id":"https://openalex.org/S59604973","display_name":"IEEE Transactions on Smart Grid","issn_l":"1949-3053","issn":["1949-3053","1949-3061"],"is_oa":false,"is_in_doaj":false,"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 Transactions on Smart Grid","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Affordable and clean energy","id":"https://metadata.un.org/sdg/7","score":0.8399999737739563}],"awards":[],"funders":[{"id":"https://openalex.org/F4320322243","display_name":"Iran National Science Foundation","ror":"https://ror.org/03sr1ma14"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":23,"referenced_works":["https://openalex.org/W1989635371","https://openalex.org/W2038786991","https://openalex.org/W2054127922","https://openalex.org/W2089758604","https://openalex.org/W2094377705","https://openalex.org/W2099726381","https://openalex.org/W2114682204","https://openalex.org/W2138182242","https://openalex.org/W2200830626","https://openalex.org/W2212134762","https://openalex.org/W2314176811","https://openalex.org/W2323926927","https://openalex.org/W2336552434","https://openalex.org/W2340465577","https://openalex.org/W2343206381","https://openalex.org/W2345069591","https://openalex.org/W2496362907","https://openalex.org/W2526991249","https://openalex.org/W2594531422","https://openalex.org/W2750066711","https://openalex.org/W2786215208","https://openalex.org/W2791344939","https://openalex.org/W4231893760"],"related_works":["https://openalex.org/W3186957214","https://openalex.org/W1513002606","https://openalex.org/W3117163868","https://openalex.org/W3211064698","https://openalex.org/W2558002628","https://openalex.org/W2148114067","https://openalex.org/W2894208143","https://openalex.org/W1878036271","https://openalex.org/W2476616965","https://openalex.org/W2567412833"],"abstract_inverted_index":{"Expanding":[0],"the":[1,5,29,37,76,109,144],"electricity":[2],"market":[3,77,149],"into":[4,81],"retail":[6],"domain":[7],"calls":[8],"for":[9,50,114,126,132,147,163],"inexpensive":[10],"mass-produced":[11],"smart":[12,55],"devices":[13],"that":[14],"enable":[15,16],"small":[17],"customers":[18,20],"to":[19,21,36,75,156],"participate":[22],"in":[23,58,159],"local":[24,59,164],"energy":[25,30,60,74],"transactions":[26],"by":[27],"managing":[28],"production/consumption":[31],"and":[32,70,85,97,112,123,139,142],"submitting":[33],"buy/sell":[34],"bids":[35],"market.":[38],"In":[39,102],"this":[40,42,64,103,105],"context,":[41,104],"paper":[43],"presents":[44,143],"a":[45,116,134],"mathematically":[46],"proven":[47],"practical":[48,160],"approach":[49,146],"bidding":[51,93,117,130],"of":[52,67,95],"an":[53,89,128],"autonomous":[54],"transactive":[56],"agent":[57],"markets.":[61,165],"To":[62],"reach":[63],"goal,":[65],"behaviors":[66],"both":[68],"risk-neutral":[69,96,135],"risk-averse":[71,98,137],"agents":[72,99],"selling":[73],"are":[78,100],"modeled":[79],"taking":[80],"account":[82],"expected":[83],"profit":[84],"risk":[86],"criteria.":[87],"Subsequently,":[88],"optimal":[90,129],"multi-step":[91],"quantity-price":[92],"strategies":[94],"extracted.":[101],"paper:":[106],"1)":[107],"introduces":[108],"effective":[110,158],"metrics":[111],"criteria":[113],"evaluating":[115],"strategy;":[118],"2)":[119],"provides":[120],"all":[121],"theorems":[122],"lemmas":[124],"required":[125],"reaching":[127],"strategy":[131],"either":[133],"or":[136],"agent;":[138],"3)":[140],"evaluates":[141],"developed":[145,152],"different":[148],"environments.":[150],"The":[151],"methodology":[153],"is":[154],"shown":[155],"be":[157],"applications":[161],"especially":[162]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":4},{"year":2024,"cited_by_count":10},{"year":2023,"cited_by_count":10},{"year":2022,"cited_by_count":22},{"year":2021,"cited_by_count":16},{"year":2020,"cited_by_count":6},{"year":2019,"cited_by_count":4}],"updated_date":"2026-06-26T08:34:08.712188","created_date":"2025-10-10T00:00:00"}