DocumentCode
1966216
Title
Wind power & transportation - a bridge to energy security: Part I - The model
Author
Yu, Zuwei
Author_Institution
Energy Center, Purdue Univ., West Lafayette, IN
fYear
2008
fDate
18-20 May 2008
Firstpage
159
Lastpage
163
Abstract
A sustainable policy is proposed for solving the U.S. oil and energy problems. The main idea is speedy deployment of electric vehicles (EVs) that are fueled by wind power. To quantify the effectiveness of such a policy, we develop a leader-follower gaming model to simulate the price movements of the world oil markets, as described in Part I of the joint papers. It is a 2-level model where the market leaders in Level-1 play the Cournot-Nash games and the followers in Level-2 maximize individual profits.
Keywords
electric vehicles; game theory; pricing; sustainable development; wind power; Cournot-Nash games; electric vehicles; energy security; leader-follower gaming model; price movements; sustainable policy; transportation; wind power; world oil market; Bridges; Costs; Environmental factors; Petroleum; Power demand; Power systems; Sea measurements; Security; Transportation; Wind energy; EVs; Wind power; energy security; gaming; oil;
fLanguage
English
Publisher
ieee
Conference_Titel
Electro/Information Technology, 2008. EIT 2008. IEEE International Conference on
Conference_Location
Ames, IA
Print_ISBN
978-1-4244-2029-2
Electronic_ISBN
978-1-4244-2030-8
Type
conf
DOI
10.1109/EIT.2008.4554286
Filename
4554286
Link To Document