Dynamic Game Analysis of Coal Electricity Market Involving Multi-Interests
Joint Authors
Tan, Zhongfu
Xiaobao, Yu
Kangting, Chen
Puyu, He
Source
Mathematical Problems in Engineering
Issue
Vol. 2016, Issue 2016 (31 Dec. 2016), pp.1-9, 9 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2016-08-29
Country of Publication
Egypt
No. of Pages
9
Main Subjects
Abstract EN
The coal consumption of China reached 2.75 billion tons of standard coal in 2013, which accounted for 67.5% of total energy consumption and more than 50% of global coal consumption.
Therefore, the impact of coal price is huge on coal market and even energy market in China.
As a large consumer of coal, thermal power enterprise has a strong sensitivity to coal price.
In order to balance the rising cost of enterprises due to coal price, we need to analyze the interests of multiple stakeholders.
Firstly, this paper combined the Nash equilibrium and cobweb model and proposed the characteristics in different cobweb model.
Then, for coal, power, and energy companies, the dynamic game analysis model is constructed.
This model gives a game analysis in four scenarios and quantifies the decision of each stakeholder in different coal prices.
Finally, the impact figure of different coal prices on each stakeholder has been drawn.
The impacts of different coal or thermal power prices on different markets have been put forward, so relevant policy recommendations have been proposed combined with the cobweb model.
American Psychological Association (APA)
Xiaobao, Yu& Tan, Zhongfu& Kangting, Chen& Puyu, He. 2016. Dynamic Game Analysis of Coal Electricity Market Involving Multi-Interests. Mathematical Problems in Engineering،Vol. 2016, no. 2016, pp.1-9.
https://search.emarefa.net/detail/BIM-1112584
Modern Language Association (MLA)
Xiaobao, Yu…[et al.]. Dynamic Game Analysis of Coal Electricity Market Involving Multi-Interests. Mathematical Problems in Engineering No. 2016 (2016), pp.1-9.
https://search.emarefa.net/detail/BIM-1112584
American Medical Association (AMA)
Xiaobao, Yu& Tan, Zhongfu& Kangting, Chen& Puyu, He. Dynamic Game Analysis of Coal Electricity Market Involving Multi-Interests. Mathematical Problems in Engineering. 2016. Vol. 2016, no. 2016, pp.1-9.
https://search.emarefa.net/detail/BIM-1112584
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1112584