20th Conference of the International Federation of Operational Research Societies - IFORS 2014, Barcelona (Spain). 13-18 July 2014
Summary:
Energy companies support their decision-making process with detailed market models. Decisions include budget elaboration, assets management or contracts exercise. Depending on the level of detail, a simulation may take from minutes to hours to be solved. Due to last years electricity and gas markets integration, companies have found new business opportunities in joint operations. A single integrated market model may become intractable or require excessive simplification. An iterative method for coupling two large market models is proposed. Robust profit-maximizing decisions are achieved.
Publication date: 2014-07-13.
Citation:
P. Dueñas, An iterative method for coupling computationally heavy profit-maximizing electricity and gas market models, 20th Conference of the International Federation of Operational Research Societies - IFORS 2014, Barcelona (Spain). 13-18 July 2014.
