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ABSTRACT:
SUBMITTER: Mijatovic A
PROVIDER: S-EPMC5514363 | biostudies-literature | 2017 Aug
REPOSITORIES: biostudies-literature
Mijatović Aleksandar A Moriarty John J Vogrinc Jure J
Philosophical transactions. Series A, Mathematical, physical, and engineering sciences 20170801 2100
Demand side response (DSR) provides a flexible approach to managing constrained power network assets. This is valuable if future asset utilization is uncertain. However there may be uncertainty over the process of procurement of DSR from customers. In this context we combine probabilistic modelling, simulation and optimization to identify economically optimal procurement policies from heterogeneous customers local to the asset, under chance constraints on the adequacy of the procured DSR. Mathem ...[more]