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Stability of the Stochastic Model for Power Markets with Interval Parameters
Joint Authors
Lu, Zhanhui
Li, Gengyin
Ji, Mengfan
Wang, Weijuan
Source
Mathematical Problems in Engineering
Issue
Vol. 2016, Issue 2016 (31 Dec. 2016), pp.1-10, 10 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2016-11-28
Country of Publication
Egypt
No. of Pages
10
Main Subjects
Abstract EN
Pertaining to the random nature of demand sides and the range of demand elasticity with suppliers and consumers, a stochastic model for power markets with interval parameters is described to illustrate uncertain external disturbances, which is a generalization of the Alvarado dynamic model, stochastic model, and interval model.
The interval stochastic stability criteria of the provided model are investigated by the theory of economics, interval dynamical system, and the theory stability of stochastic differential equations.
The conclusions indicate that the demand elasticity stable interval can be calculated and the random excitation intensity does not impact the system stability.
Some numerical examples are given to show the applicability and validity of the obtained results from a statistical perspective.
American Psychological Association (APA)
Lu, Zhanhui& Ji, Mengfan& Wang, Weijuan& Li, Gengyin. 2016. Stability of the Stochastic Model for Power Markets with Interval Parameters. Mathematical Problems in Engineering،Vol. 2016, no. 2016, pp.1-10.
https://search.emarefa.net/detail/BIM-1112432
Modern Language Association (MLA)
Lu, Zhanhui…[et al.]. Stability of the Stochastic Model for Power Markets with Interval Parameters. Mathematical Problems in Engineering No. 2016 (2016), pp.1-10.
https://search.emarefa.net/detail/BIM-1112432
American Medical Association (AMA)
Lu, Zhanhui& Ji, Mengfan& Wang, Weijuan& Li, Gengyin. Stability of the Stochastic Model for Power Markets with Interval Parameters. Mathematical Problems in Engineering. 2016. Vol. 2016, no. 2016, pp.1-10.
https://search.emarefa.net/detail/BIM-1112432
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1112432