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A stabilized model and an efficient solution method for the yearly optimal power management

Vincent Guigues(vguigues***at***puc-rio.br)

Abstract: We propose a stabilized model for the electricity generation management problem on a yearly scale. We also introduce an original and efficient solution method in a particular case. Our model is compared to other management methods and offers the best average cost while preserving a reasonable standard deviation of the cost over a set of testing scenarios.

Keywords: Uncertain linear programs; Stochastic programming; Dynamic programming; Electricity generation management

Category 1: Applications -- OR and Management Sciences

Citation: Optimization Methods and Software, 26 (1), 2011, 67-88

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Entry Submitted: 02/24/2011
Entry Accepted: 02/26/2011
Entry Last Modified: 02/24/2011

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