A bidding strategy for virtual power plants with the intraday demand response exchange market using the stochastic programming

HT Nguyen, LB Le, Z Wang - IEEE Transactions on Industry …, 2018 - ieeexplore.ieee.org
This paper presents a mathematical model for the energy bidding problem of a virtual power
plant (VPP) that participates in the regular electricity market and the intraday demand …

Stochastic batch dispersion model to optimize traceability and enhance transparency using Blockchain

M Maity, A Tolooie, AK Sinha, MK Tiwari - Computers & Industrial …, 2021 - Elsevier
The absence of food traceability has led to severe problems like a product recall, consumer
dissatisfaction, and contamination insecurities in the past. We consider a five-level supply …

Improving the performance of the stochastic dual dynamic programming algorithm using Chebyshev centers

F Beltrán, EC Finardi, GM Fredo… - Optimization and …, 2020 - Springer
In hydro predominant systems, the long-term hydrothermal scheduling problem (LTHS) is
formulated as a multistage stochastic programming model. A classical optimization …

Optimal hydropower maintenance scheduling in liberalized markets

A Helseth, M Fodstad, B Mo - IEEE Transactions on Power …, 2018 - ieeexplore.ieee.org
Maintenance scheduling is an important and complex task in hydropower systems. In a
liberalized market, the generation company will schedule maintenance periods to maximize …

The parametric cost function approximation: A new approach for multistage stochastic programming

WB Powell, S Ghadimi - arXiv preprint arXiv:2201.00258, 2022 - arxiv.org
The most common approaches for solving multistage stochastic programming problems in
the research literature have been to either use value functions (" dynamic programming") or …

Application of scenario tree reduction via quadratic process to medium-term hydrothermal scheduling problem

F Beltran, W De Oliveira… - IEEE Transactions on …, 2017 - ieeexplore.ieee.org
In systems with hydraulic predominance, the medium-term hydrothermal scheduling
problem (MTHS) is usually modeled as a stochastic programming model where the objective …

Two-stage and multi-stage decompositions for the medium-term hydrothermal scheduling problem: A computational comparison of solution techniques

F Beltrán, EC Finardi, W de Oliveira - … Journal of Electrical Power & Energy …, 2021 - Elsevier
In hydro-based power systems, the Generation Scheduling (GS) problem is usually divided
into a series of coupled models aiming to obtain an optimal operating policy over a multi …

Efficient implementation of sampling stochastic dynamic programming algorithm for multireservoir management in the hydropower sector

P Côté, R Arsenault - Journal of Water Resources Planning and …, 2019 - ascelibrary.org
Despite decades of operational use, stochastic dynamic programming (SDP) is still a
popular method for solving hydropower management optimization problems. From an …

SSDP model with inflow clustering for hydropower system operation

X Wu, S Yin, C Cheng, Z Chen, H Su - Water Resources Management, 2023 - Springer
Sampling stochastic dynamic programming (SSDP), which considers the uncertainty of
streamflow, is a popular and useful method for solving release decisions of reservoirs. It is …

Fast near-optimal heuristic for the short-term hydro-generation planning problem

A Marchand, M Gendreau, M Blais… - IEEE Transactions on …, 2017 - ieeexplore.ieee.org
Short-term hydro-generation planning can be efficiently modeled as a mixed integer linear
program (MILP). Depending on the size of the system and the time horizon, the resulting …