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Conference paper information

An iterative method for coupling computationally heavy profit-maximizing electricity and gas market models

P. Dueñas

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.


    Research topics:
  • *Medium-Term Tactical Planning