Coordinating Fuel Inventory and Electric Power Generation Under Uncertainty Export

@misc{citeulike:788685, abstract = {We discuss the problem of hedging between the natural gas and electric power markets. Based on multiple forecasts for natural gas prices, natural gas demand, and electricity prices, a stochastic optimization model advises a decision maker on when to buy or sell natural gas and when to transform gas into electricity. For relatively small models, branch-and-bound solves the problem to optimality. Larger models are solved using Benders decomposition and Lagrangian relaxation. We apply our approach ...}, author = {Takriti, Samer and Supatgiat, Chonawee and Wu, Lilian S. Y.}, citeulike-article-id = {788685}, citeulike-linkout-0 = {http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.28.6608}, keywords = {benders-decomposition, branch-and-bound, energy, lagrangian-relaxation, new, stochastic-programming, unit-commitment}, posted-at = {2006-08-07 12:59:05}, priority = {3}, title = {Coordinating Fuel Inventory and Electric Power Generation Under Uncertainty}, url = {http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.28.6608} }

TY - GEN ID - citeulike:788685 L3 - citeulike-article-id:788685 N2 - We discuss the problem of hedging between the natural gas and electric power markets. Based on multiple forecasts for natural gas prices, natural gas demand, and electricity prices, a stochastic optimization model advises a decision maker on when to buy or sell natural gas and when to transform gas into electricity. For relatively small models, branch-and-bound solves the problem to optimality. Larger models are solved using Benders decomposition and Lagrangian relaxation. We apply our approach ... TI - Coordinating Fuel Inventory and Electric Power Generation Under Uncertainty KW - benders-decomposition KW - branch-and-bound KW - energy KW - lagrangian-relaxation KW - new KW - stochastic-programming KW - unit-commitment AU - Takriti, Samer AU - Supatgiat, Chonawee AU - Wu, Lilian UR - http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.28.6608 ER -