Stochastic Optimization in Energy Systems: With Practical Implementations in GAMS

Author:   Steffen Rebennack ,  Josef Kallrath
Publisher:   Springer Fachmedien Wiesbaden
Edition:   2017 ed.
ISBN:  

9783834816078


Pages:   300
Publication Date:   07 September 2017
Format:   Hardback
Availability:   Not yet available   Availability explained
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Stochastic Optimization in Energy Systems: With Practical Implementations in GAMS


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Overview

This book provides an overview on stochastic optimization and its application in the Energy Industry. Special focus is given on hydro-thermal scheduling and, more generally, storage systems. The book begins by illuminating several approaches to deal with uncertainties (e.g., robust optimization, chance-constraints, stochastic optimization) and discusses their relations, advantages and disadvantages. Special focus is given on GAMS coded examples and the usage of the GAMS software. The book is very suitable for courses in business schools, system engineering, applied mathematics, operations research and energy producing industry.

Full Product Details

Author:   Steffen Rebennack ,  Josef Kallrath
Publisher:   Springer Fachmedien Wiesbaden
Imprint:   Vieweg+Teubner Verlag
Edition:   2017 ed.
ISBN:  

9783834816078


ISBN 10:   3834816078
Pages:   300
Publication Date:   07 September 2017
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Not yet available   Availability explained
This item is yet to be released. You can pre-order this item and we will dispatch it to you upon its release.

Table of Contents

Introduction: Examples in the energy industry - Deterministic vs. stochastic optimization - General Concepts: Structure of Uncertainty - Value of the Stochastic Solution (VSS) - Value of Perfect Information - Robust Optimization - Chance Constrained Programming - Modeling Approaches towards Uncertainty: Scenario Tree - Markov-Chains - Markov-Processes - Monte Carlo Sampling - Electricity Production: Centrally Dispatched Models - Deregulated electricity markets - Expansion Problems - Electricity Network: Operation - Expansion - Financial Markets - Natural Gas: LNG, LCG, LPG Transportation Problems - Pipeline Optimization - Gas Generation

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Author Information

Dr. Steffen Rebennack is Assistant Professor for Operations Research at the Colorado School of Mines in the Division of Economics & Business. Prof. Dr. Josef Kallrath works at a world leading chemical company in Germany. He is professor at the University of Gainesville, Florida, and leader of the Real World Optimization Working Group of the German Operations Research Society.

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