Welfare-maximizing transmission capacity expansion under uncertainty and imperfect competition

S. Wogrin*, D. Tejada-Arango, A. Downward, A. B. Philpott

*Korrespondierende/r Autor/-in für diese Arbeit

Publikation: Beitrag in einer FachzeitschriftArtikelBegutachtung

Abstract

We apply the JuDGE optimization package to a multistage stochastic leader-follower model that determines a transmission capacity expansion plan to maximize expected social welfare of consumers and producers who act as Cournot oligopolists in each time period. The problem is formulated as a large-scale mixed integer programme and applied to a 5-bus instance over scenario trees of varying size. The computational effort required by JuDGE is compared with solving the deterministic equivalent mixed integer programme using a state-of-the-art integer programming package. This article is part of the theme issue 'The mathematics of energy systems'.

Originalspracheenglisch
Aufsatznummer20190436
FachzeitschriftPhilosophical Transactions of the Royal Society A: Mathematical, Physical and Engineering Sciences
Jahrgang379
Ausgabenummer2202
DOIs
PublikationsstatusVeröffentlicht - 26 Juli 2021

ASJC Scopus subject areas

  • Mathematik (insg.)
  • Ingenieurwesen (insg.)
  • Physik und Astronomie (insg.)

Fingerprint

Untersuchen Sie die Forschungsthemen von „Welfare-maximizing transmission capacity expansion under uncertainty and imperfect competition“. Zusammen bilden sie einen einzigartigen Fingerprint.

Dieses zitieren