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A relaxation strategy with fuzzy constraints for supplier selection in a power market

Conference Paper


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Abstract


  • A power market is a special kind of e-markets. In a power

    market, all trading processes are related to three parties: buyers, suppli-

    ers and brokers. A broker acts as middlemen between buyers and sup-

    pliers in a trading process. In a power market, how to select a potential

    supplier for a buyer through a broker based on the buyer's requirements

    is a challenging research problem. This paper proposes relaxation strat-

    egy with fuzzy constraints for supplier selection. The strategy includes

    three components, i.e., a supplier selection, a fuzzy constraint relaxation,

    and a decision making. The major contributions of this paper are that

    (1) the trading process between buyers and suppliers through brokers is

    modeled by using fuzzy constraints through the consideration of multiple

    attributes of the buyer's requirements as well as potential power suppli-

    ers; and (2) a buyer can utilize a relaxation with fuzzy constraints to

    change its requirements in dicult situations when a broker cannot nd

    any supplier to satisfy a buyer's requirements. Experimental results show

    that our approach is successfully applied in a simulated power market.

Publication Date


  • 2013

Citation


  • Le, D., Zhang, M. & Ren, F. (2013). A relaxation strategy with fuzzy constraints for supplier selection in a power market. In T. Ito, M. Zhang & X. Tang (Eds.), The International Workshop on Smart Simulation and Modelling for Complex Systems (SSMCS 2013) (pp. 62-73). China: IJCAI.

Scopus Eid


  • 2-s2.0-84958752102

Ro Full-text Url


  • http://ro.uow.edu.au/cgi/viewcontent.cgi?article=3425&context=eispapers

Ro Metadata Url


  • http://ro.uow.edu.au/eispapers/2416

Has Global Citation Frequency


Start Page


  • 62

End Page


  • 73

Place Of Publication


  • China

Abstract


  • A power market is a special kind of e-markets. In a power

    market, all trading processes are related to three parties: buyers, suppli-

    ers and brokers. A broker acts as middlemen between buyers and sup-

    pliers in a trading process. In a power market, how to select a potential

    supplier for a buyer through a broker based on the buyer's requirements

    is a challenging research problem. This paper proposes relaxation strat-

    egy with fuzzy constraints for supplier selection. The strategy includes

    three components, i.e., a supplier selection, a fuzzy constraint relaxation,

    and a decision making. The major contributions of this paper are that

    (1) the trading process between buyers and suppliers through brokers is

    modeled by using fuzzy constraints through the consideration of multiple

    attributes of the buyer's requirements as well as potential power suppli-

    ers; and (2) a buyer can utilize a relaxation with fuzzy constraints to

    change its requirements in dicult situations when a broker cannot nd

    any supplier to satisfy a buyer's requirements. Experimental results show

    that our approach is successfully applied in a simulated power market.

Publication Date


  • 2013

Citation


  • Le, D., Zhang, M. & Ren, F. (2013). A relaxation strategy with fuzzy constraints for supplier selection in a power market. In T. Ito, M. Zhang & X. Tang (Eds.), The International Workshop on Smart Simulation and Modelling for Complex Systems (SSMCS 2013) (pp. 62-73). China: IJCAI.

Scopus Eid


  • 2-s2.0-84958752102

Ro Full-text Url


  • http://ro.uow.edu.au/cgi/viewcontent.cgi?article=3425&context=eispapers

Ro Metadata Url


  • http://ro.uow.edu.au/eispapers/2416

Has Global Citation Frequency


Start Page


  • 62

End Page


  • 73

Place Of Publication


  • China