Stochastic Power Generation Unit Commitment in Electricity Markets: A Novel Formulation and a Comparison of Solution Methods

DOI10.1287/OPRE.1080.0593zbMATH Open1181.91233OpenAlexW2149307604MaRDI QIDQ5188982FDOQ5188982

Authors: Santiago Cerisola, Álvaro Baíllo, José M. Fernández-López, Andres Ramos, Ralf Gollmer 

Publication date: 6 March 2010

Published in: Operations Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1287/opre.1080.0593

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Mathematics Subject Classification ID

Economic models of real-world systems (e.g., electricity markets, etc.) (91B74) Stochastic programming (90C15)

Cited In (33)

• Short-term electricity procurement: a rolling horizon stochastic programming approach
• Integrated Stochastic Optimal Self-Scheduling for Two-Settlement Electricity Markets
• Strong formulations for multistage stochastic self-scheduling unit commitment
• Large-scale unit commitment under uncertainty: an updated literature survey
• Electric power infrastructure planning under uncertainty: stochastic dual dynamic integer programming (SDDiP) and parallelization scheme
• Comments on: ``A comparative study of time aggregation techniques in relation to power capacity-expansion modeling
• A Stochastic Electricity Market Clearing Formulation with Consistent Pricing Properties
• A Benders decomposition approach for solving the offshore wind farm installation planning at the North Sea
• Impact of heat storage capacity on CHP unit commitment under power price uncertainties
• A comparison of four approaches from stochastic programming for large-scale unit-commitment
• Scenario-dominance to multi-stage stochastic lot-sizing and knapsack problems
• A cross-decomposition scheme with integrated primal-dual multi-cuts for two-stage stochastic programming investment planning problems
• Cutting planes for the multistage stochastic unit commitment problem
• Solving electric market quadratic problems by branch and fix coordination methods
• The unit commitment model with concave emissions costs: a hybrid Benders' decomposition with nonconvex master problems
• Stochastic dual dynamic integer programming
• Unit commitment in power generation -- a basic model and some extensions
• Deterministic electric power infrastructure planning: mixed-integer programming model and nested decomposition algorithm
• Planning the production of a fleet of domestic combined heat and power generators
• A Benders decomposition method for solving stochastic complementarity problems with an application in energy
• Dynamic convexification within nested Benders decomposition using Lagrangian relaxation: an application to the strategic bidding problem
• A decision support system for generation planning and operation in electricity markets
• Asynchronous Lagrangian scenario decomposition
• Large-scale unit commitment under uncertainty
• Stochastic dual dynamic programming applied to nonconvex hydrothermal models
• A generation operation planning model in deregulated electricity markets based on the complementarity problem
• A unit commitment-based fuzzy bilevel electricity trading model under load uncertainty
• Multistage stochastic power generation scheduling co-optimizing energy and ancillary services
• A decomposition approach to the two-stage stochastic unit commitment problem
• The Benders dual decomposition method
• On the multiplicity of solutions in generation capacity investment models with incomplete markets: a risk-averse stochastic equilibrium approach
• Two-stage network constrained robust unit commitment problem
• Weekly self-scheduling, forward contracting, and pool involvement for an electricity producer. An adaptive robust optimization approach

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