Robust Optimization-Based Generation Self-Scheduling under Uncertain Price
Joint Authors
Yang, Hongming
Luo, Xiao
Tong, Xiaojiao
Chung, Chi-yung
Source
Mathematical Problems in Engineering
Issue
Vol. 2011, Issue 2011 (31 Dec. 2011), pp.1-17, 17 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2011-03-23
Country of Publication
Egypt
No. of Pages
17
Main Subjects
Abstract EN
This paper considers generation self-scheduling in electricity markets under uncertain price.
Based on the robust optimization (denoted as RO) methodology, a new self-scheduling model, which has a complicated max-min optimization structure, is set up.
By using optimal dual theory, the proposed model is reformulated to an ordinary quadratic and quadratic cone programming problems in the cases of box and ellipsoidal uncertainty, respectively.
IEEE 30-bus system is used to test the new model.
Some comparisons with other methods are done, and the sensitivity with respect to the uncertain set is analyzed.
Comparing with the existed uncertain self-scheduling approaches, the new method has twofold characteristics.
First, it does not need a prediction of distribution of random variables and just requires an estimated value and the uncertain set of power price.
Second, the counterpart of RO corresponding to the self-scheduling is a simple quadratic or quadratic cone programming.
This indicates that the reformulated problem can be solved by many ordinary optimization algorithms.
American Psychological Association (APA)
Luo, Xiao& Chung, Chi-yung& Yang, Hongming& Tong, Xiaojiao. 2011. Robust Optimization-Based Generation Self-Scheduling under Uncertain Price. Mathematical Problems in Engineering،Vol. 2011, no. 2011, pp.1-17.
https://search.emarefa.net/detail/BIM-476356
Modern Language Association (MLA)
Luo, Xiao…[et al.]. Robust Optimization-Based Generation Self-Scheduling under Uncertain Price. Mathematical Problems in Engineering No. 2011 (2011), pp.1-17.
https://search.emarefa.net/detail/BIM-476356
American Medical Association (AMA)
Luo, Xiao& Chung, Chi-yung& Yang, Hongming& Tong, Xiaojiao. Robust Optimization-Based Generation Self-Scheduling under Uncertain Price. Mathematical Problems in Engineering. 2011. Vol. 2011, no. 2011, pp.1-17.
https://search.emarefa.net/detail/BIM-476356
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-476356