BibTeX:

@article{IJIRSTV3I2070,
     title={Fixed Cost Allocation and Coordination of Participants in Pool Market},
     author={Bhuvnesh Kaushik and Loveleen Kaur},
     journal={International Journal for Innovative Research in Science & Technology},
     volume={3},
     number={2},
     pages={238--244},
     year={},
     url={http://www.ijirst.org/articles/IJIRSTV3I2070.pdf},
     publisher={IJIRST (International Journal for Innovative Research in Science & Technology)},
}

The work proposes allocation of fixed cost inside a pool market by implementing Shapley approach of cooperative game in two folds - 1) locational charge as per usage made and 2) remaining charge. Meanwhile the required characteristic function for Shapley has been constructed by proposing a new method - MVA utility factor method. All attained solutions mostly lie in the core of the game, hence fairest, acceptable and equitable allocations are found. Authors also promoted MVA utility factor method to implement solely on the large systems where it is not easy to apply Shapley approach. Correlation coefficients have been deduced to show nearness of MVA utility factor method towards Shapley approach. Illustrations have been made for IEEE 6 bus system and IEEE 14 bus system as pool market.

MVA Utility Factors, Cooperative Game, Shapley Value, Characteristic Value, Remaining Charges, Correlation Coefficient