Soft open points (SOPs) are power electronic devices installed to replace normally open
points in active electrical distribution systems. SOPs can provide active/reactive power flow …

A strong heat-power coupling limitation, uncontrollable renewable energy, and the grid's
limited adjustment capacity deteriorate the operational performance and increase the …

This is a substantial revision of the previous edition with added new material. The
presentation of Chapter 6 is updated. In particular the Interchangeability Principle for risk …

The topic of this book is multistage stochastic optimization. Multistage reflects the fact that an
optimal decision is an entire strategy or policy, which is executed during subsequent instants …

In this paper, we discuss the evaluation of quality/suitability of scenario-generation methods
for a given stochastic programming model. We formulate minimal requirements that should …

This book is the first in the market to treat single-and multi-period risk measures (risk
functionals) in a thorough, comprehensive manner. It combines the treatment of properties of …

An important issue for solving multistage stochastic programs consists in the approximate
representation of the (multivariate) stochastic input process in the form of a scenario tree. In …

To make informed decisions in futures markets of electric energy, stochastic programming
models are commonly used. Such models treat stochastic processes via a set of scenarios …

Stochastic programming involves large-scale optimization with exponentially many
scenarios. This paper proposes an optimization-based scenario reduction approach to …

An inventory management problem is addressed for a make-to-order supply chain that has
inventory holding and/or manufacturing locations at each node. The lead times between …