By Francisco Macia Perez
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There exist two types for such a situation. 1. Over-demand at α (Fig. 6) When producers are not able to supply enough energy to meet the demand of consumer agents, the demand exceeds the supply even at (just below of) α. At the next turn, the price becomes a little bit higher than α, then the demand becomes 0. Therefore vibration of price may appear. 26 Energy Management price demand curve supply curve ǩ ǩ 0 amount Fig. 6. Over-demand at α In this case, the supplied energy is shared among consumer agents and the shortage must be managed by other methods.
T. 4 Demand-Supply Curves It is know that one of necessary conditions for the convergence of the MOP is convexity of the production possibility set(Wellman, 1993). The characteristic function of energy conversion devices is important of the convexity. For example, when the function is given by Equation (10), the parameter b must hold that b < 1. A typical example of demand-supply curves in DEMSs is shown in Fig. 5. There exist two characteristics in DEMSs. price demand curve supply curve ǩ equilibrium price ǩ 0 amount Fig.