|
Press Releases |
|
|
|
9/1/2003 Press Release |
|
|
|
9/1/2003
ADICA to serve as international distributor of Argonne’s Electricity Market Complex Adaptive Systems (EMCAS) software
ADICA to serve as international distributor of Argonne’s Electricity Market Complex Adaptive Systems (EMCAS) software
As one of the country's leading research groups in the field of Complex Adaptive Systems Simulation (CASS), researchers at Argonne National Laboratory are building simulations of complex systems from the bottom up to create a closer match with the real world. The CASS programming approach allows researchers to examine the emerging behavior and interactions of individual agents within a larger system, which is a change in perspective from traditional modeling approaches designed to solve equations based on long-run average behavior.
Argonne’s Electricity Market Complex Adaptive System (EMCAS) software is a revolutionary power market analysis tool. Although traditional optimization and simulation tools provide useful insights into electricity system operations, they are limited in their ability to reflect the diversity of agents participating in electricity markets, each with unique business strategies, risk preferences, and decision processes. Agent-based modeling techniques in EMCAS make it possible to represent power markets with multiple agents, each with their own objectives and decision rules. EMCAS agents also learn from their previous experiences and change their behavior when future opportunities arise. With EMCAS, generation companies can assess how hard market rules can be pushed to maximize corporate utility, while regulators use the model to investigate whether system conditions and market rules would enable a company to exercise market power to drive up prices.
During a visit to Argonne, U.S. Department of Energy Office of Science Director Ray Orbach described Argonne's CASS program to President George W. Bush and House Speaker Dennis Hastert.
In August 2003, Argonne authorized ADICA Consulting to serve as a distributor of the EMCAS software. ADICA and Argonne are in discussions with utilities and regulatory bodies from North America, Australia, Europe, Latin America, and Southeast Asia concerning potential EMCAS applications.
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.
| For more information, please contact: |
 |
Bruce Hamilton, President
Phone: +1 (630) 571-2480
Fax: +1 (630) 571-2481
Email:
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Web: www.adica.com |
|
|
© 2008 ADICA® Consulting, LLC., All Rights Reserved.
|
