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Press Releases |
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4/1/2005 Press Release |
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4/1/2005
Power System Professionals from Ten Countries Attend Training on ADICA’s Electricity Market Complex Adaptive System Software
Power System Professionals from Ten Countries Attend Training on ADICA’s Electricity Market Complex Adaptive System Software
ADICA’s Electricity Market Complex Adaptive System (EMCAS) software 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.
In May 2005, power system professionals from ten (10) countries attended a two-week training course on the use of EMCAS organized at Argonne National Laboratory. During the course participants developed:
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1. An understanding of how to use EMCAS to test the impact of different market rules and bidding strategies on emerging market behavior; and
2. The ability to begin analysis of their own country’s market development.
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About ADICA
ADICA Consulting combines industry knowledge, distinguished professionals, and cutting-edge strategic analysis software to provide consulting services to Government Agencies and Energy Companies worldwide. Headquartered in Oak Brook, Illinois, ADICA provides Robust, Accurate, and Relevant insights with advanced analytics created by Argonne National Laboratory.
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Bruce Hamilton, President
Phone: +1 (630) 705-3060
Fax: +1 (630) 705-3061
Email:
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Web: www.adica.com |
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© 2008 ADICA® Consulting, LLC., All Rights Reserved.
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