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We present an algorithm to solve capacity extension problems that frequently occur in energy system optimization models. Such models describe a system where certain components can be installed to reduce future costs and achieve carbon reduction goals; however, the choice of these components...
Persistent link: https://www.econbiz.de/10014501525
We develop a stochastic optimization model for scheduling a hybrid solar-battery storage system. Solar power in excess of the promise can be used to charge the battery, while power short of the promise is met by discharging the battery. We ensure reliable operations by using a joint chance...
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We develop an optimization model to provide a fair allocation of multiple resources to multiple users. All resources might not be suitable to all users. We develop a notion of fairness, and then provide a general class of functions achieving it. Next, we develop more restricted notions of...
Persistent link: https://www.econbiz.de/10014503468
We introduce a novel chance-constrained stochastic unit commitment model to address uncertainty in renewables’ production in operations of power systems. For most thermal generators, underlying technical constraints that are universally treated as “hard” by deterministic unit commitment...
Persistent link: https://www.econbiz.de/10014504107
We extend and improve recent results given by Singh and Watson on using classical bounds on the union of sets in a chance-constrained optimization problem. Specifically, we revisit the so-called Dawson and Sankoff bound that provided one of the best approximations of a chance constraint in the...
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