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dc.contributor.authorEsmaeili Aliabadi, D.
dc.contributor.authorÇelebi, E.
dc.contributor.authorElhüseyni, M.
dc.contributor.authorŞahin, G.
dc.date.accessioned2023-10-19T15:05:40Z
dc.date.available2023-10-19T15:05:40Z
dc.date.issued2021
dc.identifier.isbn9780128200742
dc.identifier.urihttps://doi.org/10.1016/B978-0-12-820074-2.00017-4
dc.identifier.urihttps://hdl.handle.net/20.500.12469/4988
dc.description.abstractEnergy markets are intertwined and complex systems that influence and are affected by various sectors such as transportation, industry, and electric power. Solely focusing on the power sector without considering the up-and downstream of the supply chain may produce misleading results. For instance, the mixture of primary energy carriers and the procurement source affect the generation cost of electricity and consequently may alter the decisions of generation companies about future investments. Therefore researchers should carefully decide a reasonable trade-off between complexity and simplicity based on the determined level of detail and questions at hand. In this section, top-down and bottom-up modeling approaches are discussed, with their corresponding pros and cons, in the broader context of energy markets. Then, we focus on different modeling techniques in the established electricity markets. Finally, we demonstrate the unique modeling challenges that should be dealt with in emerging local electricity markets. © 2021 Elsevier Inc.en_US
dc.language.isoengen_US
dc.publisherElsevieren_US
dc.relation.ispartofLocal Electricity Marketsen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectBottom-up engineering approachen_US
dc.subjectEnergy marketsen_US
dc.subjectOptimization modelsen_US
dc.subjectSimulationen_US
dc.subjectTop-down macroeconomic approachen_US
dc.titleModeling, simulation, and decision supporten_US
dc.typebookParten_US
dc.identifier.startpage177en_US
dc.identifier.endpage197en_US
dc.departmentN/Aen_US
dc.identifier.doi10.1016/B978-0-12-820074-2.00017-4en_US
dc.identifier.scopus2-s2.0-85129086142en_US
dc.institutionauthorN/A
dc.relation.publicationcategoryKitap Bölümü - Uluslararasıen_US
dc.authorscopusid56880229600
dc.authorscopusid16241085100
dc.authorscopusid57204000958
dc.authorscopusid24341791200
dc.khas20231019-Scopusen_US


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