SELECTION OF ENERGY SOURCE AND EVOLUTIONARY STABLE STRATEGIES FOR POWER PLANTS UNDER FINANCIAL INTERVENTION OF GOVERNMENT

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HAFEZALKOTOB ASHKAN; MAHMOUDI REZA

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Journal Paper

Paper Information

Journal: JOURNAL OF INDUSTRIAL ENGINEERING INTERNATIONAL Year:2017 | Volume:13 | Issue:3 Page(s): 357-367

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Information Journal Paper

Title

SELECTION OF ENERGY SOURCE AND EVOLUTIONARY STABLE STRATEGIES FOR POWER PLANTS UNDER FINANCIAL INTERVENTION OF GOVERNMENT

Author(s)

HAFEZALKOTOB ASHKAN | MAHMOUDI REZA | Issue Writer Certificate

Keywords

EVOLUTIONARY GAME THEORY

GREEN ELECTRICITY

POWER PLANT

GOVERNMENT INTERVENTION

ENERGY SOURCE SELECTION

Abstract

Currently, many socially responsible governments adopt economic incentives and deterrents to manage environmental impacts of electricity suppliers. Considering the Stackelberg leadership of the government, the government’s role in the competition of POWER PLANTs in an electricity market is investigated. A one-population evolutionary game model of POWER PLANTs is developed to study how their production strategy depends on tariffs levied by the government. We establish that a unique evolutionary stable strategy (ESS) for the population exists.Numerical examples demonstrate that revenue maximization and environment protection policies of the government significantly affect the production ESS of competitive POWER PLANTs. The results reveal that the government can introduce a green energy source as an ESS of the competitive POWER PLANTs by imposing appropriate tariffs.

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APA: Copy

HAFEZALKOTOB, ASHKAN, & MAHMOUDI, REZA. (2017). SELECTION OF ENERGY SOURCE AND EVOLUTIONARY STABLE STRATEGIES FOR POWER PLANTS UNDER FINANCIAL INTERVENTION OF GOVERNMENT. JOURNAL OF INDUSTRIAL ENGINEERING INTERNATIONAL, 13(3), 357-367. SID. https://sid.ir/paper/310112/en

Vancouver: Copy

HAFEZALKOTOB ASHKAN, MAHMOUDI REZA. SELECTION OF ENERGY SOURCE AND EVOLUTIONARY STABLE STRATEGIES FOR POWER PLANTS UNDER FINANCIAL INTERVENTION OF GOVERNMENT. JOURNAL OF INDUSTRIAL ENGINEERING INTERNATIONAL[Internet]. 2017;13(3):357-367. Available from: https://sid.ir/paper/310112/en

IEEE: Copy

ASHKAN HAFEZALKOTOB, and REZA MAHMOUDI, “SELECTION OF ENERGY SOURCE AND EVOLUTIONARY STABLE STRATEGIES FOR POWER PLANTS UNDER FINANCIAL INTERVENTION OF GOVERNMENT,” JOURNAL OF INDUSTRIAL ENGINEERING INTERNATIONAL, vol. 13, no. 3, pp. 357–367, 2017, [Online]. Available: https://sid.ir/paper/310112/en

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