Optimization of pumped hydro energy storage systems under uncertainty: A review
This paper provides an overview of the research dealing with optimization of pumped hydro
energy storage (PHES) systems under uncertainty. This overview can potentially stimulate …
energy storage (PHES) systems under uncertainty. This overview can potentially stimulate …
Electric power industry: Operational and public policy challenges and opportunities
The electric power industry is undergoing dramatic change driven by rapid technological
transformation, concern over climate change, and evolving market structures. As a result …
transformation, concern over climate change, and evolving market structures. As a result …
Deep neural networks algorithms for stochastic control problems on finite horizon: numerical applications
This paper presents several numerical applications of deep learning-based algorithms for
discrete-time stochastic control problems in finite time horizon that have been introduced in …
discrete-time stochastic control problems in finite time horizon that have been introduced in …
An approximate dynamic programming approach to benchmark practice-based heuristics for natural gas storage valuation
G Lai, F Margot, N Secomandi - Operations research, 2010 - pubsonline.informs.org
The valuation of the real option to store natural gas is a practically important problem that
entails dynamic optimization of inventory trading decisions with capacity constraints in the …
entails dynamic optimization of inventory trading decisions with capacity constraints in the …
Optimal hour-ahead bidding in the real-time electricity market with battery storage using approximate dynamic programming
There is growing interest in the use of grid-level storage to smooth variations in supply that
are likely to arise with an increased use of wind and solar energy. Energy arbitrage, the …
are likely to arise with an increased use of wind and solar energy. Energy arbitrage, the …
A survey of commodity markets and structural models for electricity prices
The goal of this survey is to review the major idiosyncrasies of the commodity markets and
the methods which have been proposed to handle them in spot and forward price models …
the methods which have been proposed to handle them in spot and forward price models …
National energy security: Financial determinants
TV Pimonenko, OV Liulov, YV Samusevych, YO Us - 2022 - essuir.sumdu.edu.ua
The snowballing economic growth has reached the level where the energy industry has a
crucial impact on the future pace of development. National energy security influences the …
crucial impact on the future pace of development. National energy security influences the …
Benchmarking a scalable approximate dynamic programming algorithm for stochastic control of grid-level energy storage
We present and benchmark an approximate dynamic programming algorithm that is capable
of designing near-optimal control policies for a portfolio of heterogenous storage devices in …
of designing near-optimal control policies for a portfolio of heterogenous storage devices in …
Optimal inventory policies when purchase price and demand are stochastic
P Berling, V Martínez-de-Albéniz - Operations research, 2011 - pubsonline.informs.org
In this paper we consider the problem of a firm that faces a stochastic (Poisson) demand and
must replenish from a market in which prices fluctuate, such as a commodity market. We …
must replenish from a market in which prices fluctuate, such as a commodity market. We …
Mean-conditional value-at-risk optimal energy storage operation in the presence of transaction costs
This paper addresses the formulation and solution of an optimal energy storage
management problem under risk consideration and transaction costs of trading energy with …
management problem under risk consideration and transaction costs of trading energy with …