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EMCAS |
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| Electricity Market Complex Adaptive Systems (EMCAS) |
| EMCAS is designed to meet the growing need for advanced modeling approaches that simulate how electricity markets evolve over time and how participants in these markets react to the changing physical, economic, financial, and regulatory environments in which they operate. Unlike conventional (time series, regression, and least-cost optimization) models for electric system analysis, the innovative EMCAS software utilizes agent-based modeling (ABM) techniques to represent power markets with multiple and diverse participants, each with its own unique set of business and bidding strategies, and risk preferences. EMCAS provides valuable insights for generation, transmission, and distribution planning and addresses a wide range of strategic issues of interest to electricity market participants and stakeholders. |
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