This paper reports a grid computing approach to parallel-process a neural network time-series model for forecasting electricity market prices. The grid computing of the neural network model not only processes several times faster than a single iterative process but also provides chances of improving forecasting accuracy. A grid-computing environment implemented in a university computing laboratory improves utilization rate of otherwise underused computing resources. Results of numerical tests using the real market data by more than twenty grid-connected PCs are presented.
|Number of pages||5|
|Publication status||Published - 2009|
- Electricity market
- Grid computing
- Neural networks
ASJC Scopus subject areas
- Control and Systems Engineering