Title :
Wind power & transportation - a bridge to energy security: Part I - The model
Author_Institution :
Energy Center, Purdue Univ., West Lafayette, IN
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;
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
DOI :
10.1109/EIT.2008.4554286
