The active management of electricity demand, also referred to as demand side management
(DSM), has been recognized as an effective approach to improving power grid performance
and consumer benefits. Being large electricity consumers, the power-intensive process
industries play a key role in DSM. In particular, enterprise-wide optimization (EWO) for
industrial DSM has emerged as a major area of interest for both researchers and
practitioners. In this work, we introduce the reader to the fundamentals of power system …

In the light of increasing volatility in electricity price and availability, demand side
management (DSM), which refers to the active management of electricity consumption, has
become crucial for the economic performance of power-intensive industries. Due to its time-
sensitive nature, DSM is a challenge for industrial plants; however, it can also be an
opportunity if sufficient process flexibility is available, which can be leveraged to take
advantage of financial incentives provided by various electricity markets. The goal of this …