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DOE OSTI · 1055842

Large-scale Stochastic Optimization for Unit Commitment and Economic Dispatch

Yao, Y.·Meyers, C.·Smith, S.·Edmunds, T.
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Abstract

Our FY 2012 LDRD research on stochastic optimization with its application in power grid planning and operations has advanced the state-of-the-art of this area in the following aspects: (1) Deploying stochastic unit commitment on large real-world applications, (2) Stochastic optimization coupled with real-time production cost simulation (interleaved), and (3) Real-time stochastic optimization with rolling-horizon look-ahead. In conjunction, a number of computational experiments have been performed to evaluate the capability of the latest stochastic optimization software and explore opportunities for future research. In what follows, we discuss each of these contribution areas, including the results of our computational experiments and their implications on the scalability and solvability of large-scale stochastic optimization models.

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24 POWER TRANSMISSION AND DISTRIBUTION29 ENERGY PLANNING, POLICY, AND ECONOMY97 MATHEMATICS AND COMPUTING

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Yao, Y., Meyers, C., Smith, S., Edmunds, T.. 2012-11-08. Large-scale Stochastic Optimization for Unit Commitment and Economic Dispatch. https://doi.org/10.2172/1055842

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