An optimization problem in deregulated electricity markets solved with the nonsmooth maximum principle

DOI10.1080/00207160701864483zbMath1155.91441OpenAlexW2132705050MaRDI QIDQ3603599

L. Bayón, M. M. Ruiz, José María Grau, P. M. Suárez

Publication date: 18 February 2009

Published in: International Journal of Computer Mathematics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1080/00207160701864483

zbMATH Keywords

maximum principlenonsmooth analysiscontrol problemelectricity marketscyclic coordinate descent

Mathematics Subject Classification ID

Nonsmooth analysis (49J52) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74)

Related Items

Influence of forecasting electricity prices in the optimization of complex hydrothermal systems ⋮ Optimization of a pumped-storage fixed-head hydroplant: the bang-singular-bang solution ⋮ A hydrothermal problem with non-smooth Lagrangian ⋮ An algorithm for bang–bang control of fixed-head hydroplants

Uses Software

• Mathematica

Cites Work

• New developments on equivalent thermal in hydrothermal optimization: an algorithm of approximation
• Nonsmooth optimization of hydrothermal problems
• New developments in the application of Pontryagin's Principle for the hydrothermal optimization
• Optimization and nonsmooth analysis
• Analysis of a Numerical Dynamic Programming Algorithm Applied to Economic Models
• Optimal control
• Error bounds for a numerical solution for dynamic economic models