İstatistik Bilim Dalı Yayın Koleksiyonu
Permanent URI for this collectionhttps://hdl.handle.net/20.500.12416/4382
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Browsing İstatistik Bilim Dalı Yayın Koleksiyonu by Author "Endüstri Mühendisliği"
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Conference Object Citation - WoS: 9Electricity Price Modelling for Turkey(Springer-verlag Berlin, 2012) Yildirim, Miray Hanim; Yıldırım, Miray Hanım; Ozmen, Ayse; Bayrak, Ozlem Turker; Weber, Gerhard Wilhelm; 56416; Endüstri MühendisliğiThis paper presents customized models to predict next-day's electricity price in short-term periods for Turkey's electricity market. Turkey's electricity market is evolving from a centralized approach to a competitive market. Fluctuations in the electricity consumption show that there are three periods; day, peak, and night. The approach proposed here is based on robust and continuous optimization techniques, which ensures achieving the optimum electricity price to minimize error in periodic price prediction. Commonly, next-day's electricity prices are forecasted by using time series models, specifically dynamic regression model. Therefore electricity price prediction performance was compared with dynamic regression. Numerical results show that CMARS and RCMARS predicts the prices with 30% less error compared to dynamic regression.Conference Object Citation - Scopus: 1Survey and evaluation on modelling of next-day electricity prices(Springer New York LLC, 2014) Yıldırım, M.H.; Yıldırım, Miray Hanım; Bayrak, Ö.T.; Weber, G.-W.; 56416; Endüstri Mühendisliği