@misc{Kacprzyk_Janusz_(1947–_)_An_2006, author={Kacprzyk, Janusz (1947– )}, copyright={Creative Commons Attribution BY 4.0 license}, address={Warszawa}, journal={Raport Badawczy = Research Report}, howpublished={online}, year={2006}, publisher={Instytut Badań Systemowych. Polska Akademia Nauk}, publisher={Systems Research Institute. Polish Academy of Sciences}, language={eng}, abstract={This paper discusses the use of context based fuzzy optimization approach to maximize profit in the context of joint quantity-price bidding in today’s deregulated electricity market. The proposed method is innovative because it utilizes sets of empirical (market) data that reflect functional dependence between the input and output variables. The paper describes the structure of the fuzzy system and its components: the context variables, the input membership function and the output membership function, as well as the use of aggregation operators in aggregating the context variables. The paper also presents a numerical example to demonstrate the application of the proposed method and compare the result with analytical solution.}, title={An Empirical Fuzzy Model for Maximizing Profit in Electricity Spot Market}, type={Text}, URL={http://www.rcin.org.pl/Content/101665/PDF/RB-2006-16.pdf}, keywords={Operator agregacji, Aggregating operators, Deregulated electricity market, Fuzzy optimization, Strategic bidding, Deregulacja rynku energii elektrycznej}, }