branch and fix coordination

Solving Electric Market Quadratic Problems by Branch and Fix Coordination Methods

Publication TypeProceedings Article
Year of Publication2013
AuthorsF. -Javier Heredia; Cristina Corchero; Eugenio Mijangos
Conference Name25th IFIP TC 7 Conference, CSMO 2011
Series TitleIFIP Advances in Information and Communication Technology
Conference Start Date12/09/2011
PublisherSpringer Berlin Heidelberg
Conference LocationBerlin
ISSN Number1868-4238
ISBN Number978-3-642-36062-6
Key WordsLiberalized Electricity Market; Optimal Bid Stochastic Programming; Quadratic Branch-and-Fix Coordination; research; paper; DPI2008-02153
AbstractThe electric market regulation in Spain (MIBEL) establishes the rules for bilateral and futures contracts in the day-ahead optimal bid problem. Our model allows a price-taker generation company to decide the unit commitment of the thermal units, the economic dispatch of the bilateral and futures contracts between the thermal units and the optimal sale bids for the thermal units observing the MIBEL regulation. The uncertainty of the spot prices is represented through scenario sets. We solve this model on the framework of the Branch and Fix Coordination metodology as a quadratic two-stage stochastic problem. In order to gain computational efficiency, we use scenario clusters and propose to use perspective cuts. Numerical results are reported.
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25th IFIP TC7 Conference on System Modeling and Optimization

 The International Federation for Information Processing Technical Committee 7 - System Modeling and Optimization - arranges in a cycle of two years highly regarded conferences to several topics of Applied Optimization such as  Optimal Control of Ordinary and Partial Differential Equations, Modeling and Simulation, Nonlinear, Discrete, and Stochastic Optimization and Industrial Applications. This year the conference was celebrated in the Berlin Institute of Technology, and I participated with a contributed talk entitled "Solving electric market quadratic problems by Branch and Fix Coordination methods "
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