modeling languages
Multistage stochastic bid model for a wind-thermal power producer
Thu, 12/30/2021 - 13:20 — admin| Publication Type | Tesis de Grau i Màster // BSc and MSc Thesis |
| Year of Publication | 2021 |
| Authors | Ignasi Mañé Bosch |
| Director | F-Javier Heredia |
| Tipus de tesi | MSc Thesis |
| Titulació | Master in Statistics and Operations Reseafrch |
| Centre | Facultat de matemàtiques i Estadística |
| Data defensa | 18/10/2021 |
| Nota // mark | 9.5 |
| Key Words | teaching; electricity markets; multistage stochastic programming |
| Abstract | For many political and economic reasons, over the last decades, electricity markets in developed countries have been liberalised. Markets regulated by governments in which prices were set by the competent authority are now the exception. In this new setting, electricity agents, both consumers and producers, compete to maximise their pro tability in a series of auctions designed to efficiently match supply and demand. Many energy producers manage together wind and thermal generation units to meet their contractual obligations such as bilateral contracts, as well as bid on the electric market to sell their production capacity. This master thesis explore different multi-stage stochastic programming models for generation companies to nd optimal bid functions in electric spot markets. The explored models not only capture the uncertainty of electric prices of different markets and financial products, but also couples together wind and thermal generation units, offering producers that combine both technologies a more suitable approach to nd their best possible bidding strategy among the space of possible actions. |
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Multistage Scenario Trees Generation for Renewable Energy Systems Optimization
Mon, 11/30/2020 - 19:17 — admin| Publication Type | Thesis |
| Year of Publication | 2020 |
| Authors | Marlyn Dayana Cuadrado Guevara |
| Academic Department | Dept. of Statistics and Operations Research. Prof. F.-Javier Heredia, advisor. |
| Number of Pages | 194 |
| University | Universitat Politècnica de Catalunya-BarcelonaTech |
| City | Barcelona |
| Degree | PhD Thesis |
| Key Words | research; Battery energy storage systems; Electricity markets; Ancillary services market; Wind power generation; Virtual power plants; Multistage Stochastic programming; phd thesis |
| Abstract | The presence of renewables in energy systems optimization have generated a high level of uncertainty in the data, which has led to a need for applying stochastic optimization to modelling problems with this characteristic. The method followed in this thesis is Multistage Stochastic Programming (MSP). Central to MSP is the idea of representing uncertainty (which, in this case, is modelled with a stochastic process) using scenario trees. In this thesis, we developed a methodology that starts with available historical data; generates a set of scenarios for each random variable of the MSP model; defines individual scenarios that are used to build the initial stochastic process (as a fan or an initial scenario tree); and builds the final scenario trees that are the approximation of the stochastic process. |
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New paper published in International Journal of Production Research.
Tue, 07/21/2020 - 16:46 — admin
The paper entitled Optimal Postponement in Supply Chain Network Design Under Uncertainty: An Application for Additive Manufacturing (preprint ) has been published in the International Journal of Production Research. This paper is the result of projects Strategical Models in Supply Chain Design, and Digitalizing Supply Chain Strategy with 3D Printing a successful collaboration between GNOM with Accenture Technology Labs (Silicon Valley), Accenture Analytics Innovation Center (Barcelona) and the Fundació CIM-UPC. This study This study presents a new two-stage stochastic programming decision model for assessing how to introduce some new manufacturing technology into any generic supply and distribution chain. It additionally determines the optimal degree of postponement, as represented by the so-called customer order decoupling point (CODP), while assuming uncertainty in demand for multiple products. Finally, it presents and analyses a case study for introducing additive manufacturing technologies.
On optimal participation in the electricity markets of wind power plants with battery energy storage systems
Tue, 05/15/2018 - 16:25 — admin| Publication Type | Journal Article |
| Year of Publication | 2018 |
| Authors | F.-Javier Heredia; Marlyn D. Cuadrado; Cristina Corchero |
| Journal Title | Computers and Operations Research |
| Volume | 96 |
| Pages | 316-329 |
| Journal Date | 08/2018 |
| Publisher | Elsevier |
| ISSN Number | 0305-0548 |
| Key Words | research; Battery energy storage systems; Electricity markets; Ancillary services market; Wind power generation; Virtual power plants; Stochastic programming; paper |
| Abstract | The recent cost reduction and technological advances in medium- to large-scale battery energy storage systems (BESS) makes these devices a true alternative for wind producers operating in electricity markets. Associating a wind power farm with a BESS (the so-called virtual power plant (VPP)) provides utilities with a tool that converts uncertain wind power production into a dispatchable technology that can operate not only in spot and adjustment markets (day-ahead and intraday markets) but also in ancillary services markets that, up to now, were forbidden to non-dispatchable technologies. What is more, recent studies have shown capital cost investment in BESS can be recovered only by means of such a VPP participating in the ancillary services markets. We present in this study a multi-stage stochastic programming model to find the optimal operation of a VPP in the day-ahead, intraday and secondary reserve markets while taking into account uncertainty in wind power generation and clearing prices (day-ahead, secondary reserve, intraday markets and system imbalances). A case study with real data from the Iberian electricity market is presented. |
| URL | Click Here |
| DOI | 10.1016/j.cor.2018.03.004 |
| Preprint | http://hdl.handle.net/2117/118479 |
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A Study on Feasibility of the Distributed Battery Energy Storage Systems in Spanish Retail Electricity Market
Tue, 09/27/2016 - 09:19 — admin| Publication Type | Tesis de Grau i Màster // BSc and MSc Thesis |
| Year of Publication | 2016 |
| Authors | Maksims Sisovs |
| Director | F.-Javier Heredia |
| Tipus de tesi | MSc Thesis |
| Titulació | "KIC InnoEnergy" Master of Science in Smart Electrical Networks and Systems |
| Centre | Escola Tècnica Superior d'Enginyeria Industrial de Barcelona (ETSEIB) |
| Data defensa | 16/09/2016 |
| Nota // mark | 10 MH (A+ with honours) |
| Key Words | teaching; BEES; battery energy storage systems; electrical vehicle; smart meters; retail energy market; MSc Thesis |
| Abstract | The main focus of this master thesis project is to evaluate the economic, technical and regulatory feasibility of distributed battery energy storage systems (BESS) and the potential opportunity of electricity companies to increase their pro ts through advanced operation in energy services, such as electric energy time-shift, ancillary or electric vehicle incentives in Spanish electricity market. To assess the feasibility, an optimization tool has been developed. This tool simulates energy trading between diff erent market participants with particular features extracted from data analysis and literature. Load consumption pro les had been developed from smart meter real data by applying several data mining techniques. This part had been guided by external collaborating entity Minsait. Electricity market analysis includes the overview of its functionality principles and regulatory side regarding storage adaptation and speci fic service applicability. Market historical prices were used for further electricity trading simulation. A brief technical insight explains current storage situation and tells about high-potential technologies in emerging markets. Benchmark analysis covers several products of battery manufacturers with relevant technical and price information. Spanish electricity market showed low adaptability to distributed BESS solutions: energy arbitrage incomes have resulted being insuficient. Ancillary services, despite promising economic gures, are to a large extent prohibited to be provided by distributed storage. Electric vehicle incentives, though, resulted being of a high interest due to absence of direct investment. |
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On the optimal participation in electricity markets of wind power plants with battery energy storage systems
Mon, 07/18/2016 - 18:43 — admin| Publication Type | Conference Paper |
| Year of Publication | 2016 |
| Authors | F.-Javier Heredia; Cristina Corchero; Marlyn D. Cuadrado |
| Conference Name | 28th European Conference on Operational Research |
| Series Title | Conference Handbook |
| Pagination | 322 |
| Conference Date | 3-6/07/2016 |
| Conference Location | Poznan, Poland |
| Type of Work | contributed presentation. |
| Key Words | research; VPP; wind generation; battery energy storage system; stochastic programming; electricity market; optimal bid |
| Abstract | The recent cost reduction and technologic advances in medium to large scale Battery Energy Storage Systems (BESS) makes these devices a real choice alternative for wind producers operating in electricity markets. The association of a wind power farm with a BESS (the so called Virtual Power Plant VPP) provides utilities with a tool to turn the uncertainty wind power production into a dispatchable technology enabled to operate not only in the spot and adjustment markets (day-ahead and intraday markets) but also in ancillary services markets that, up to now, was forbidden to non-dispatchable technologies. Even more, recent studies have shown that the capital cost investment in BESS can only be recovered through the participation of such a VPP in the ancillary services markets. We present in this study a stochastic programming model to find the optimal participation of a VPP to the day-ahead market and secondary reserve markets (the most relevant ancillary service market) where the uncertainty in wind power generation and markets prices (day-ahead ancillary services) has been considered. A case study with real data from the Iberian Electricity Market is presented. |
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A multi-objective approach to infrastructure planning in the early stages of EV introduction
Fri, 07/17/2015 - 13:15 — admin| Publication Type | Conference Paper |
| Year of Publication | 2015 |
| Authors | Cristina Corchero; Andina Brown; Oriol Serch; Miguel Cruz; F.-Javier Heredia |
| Conference Name | 27th European Conference on Operational Research |
| Conference Date | 12-15/07/2015 |
| Conference Location | Glasgow, UK. |
| Type of Work | invited |
| Key Words | research; multi objective optimization; electrical vehicle, charging point location |
| Abstract | The aim of this study is to address the problem of locating fast charging stations for electric vehicles in the early stages of infrastructure implementation. Despite existence of successful trials and pilot projects, there are barriers preventing the successful development of a private EV market in its present state; investors are reluctant to invest in infrastructure due to the relatively small number of EV users, and conversely consumers are hesitant about purchasing EVs due high prices and a lack of charging infrastructure. It has been identified that introducing fast charging stations can aid this process, in particular by easing users’ concerns about running out of charge before reaching their destination. This study approaches the problem from the perspective of a central planner wishing to install fast charging stations. A multi-objective approach is used to simultaneously consider two conflicting objectives in the optimisation problem: (1) to minimise the distance that potential consumers would need to deviate from their normal journeys in order to reach their nearest fast charging station and (2) to minimise the set up costs associated with the installation of the stations. A mathematical model is formulated and implemented to obtain results for the case study of Barcelona. The optimal solutions are found and used to depict the Pareto front, offering insight into the nature of the trade-offs between the objectives and aiding the decision making process. |
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Optimal Energy Management for a Residential Microgrid Including a Vehicle-to-Grid System
Sun, 07/20/2014 - 18:34 — admin| Publication Type | Journal Article |
| Year of Publication | 2014 |
| Authors | Lucia Igualada; Cristina Corchero; Miguel Cruz; F-.Javier Heredia |
| Journal Title | IEEE Transactions on Smart Grid |
| Volume | 5 |
| Issue | 4 |
| Pages | 2163-2172 |
| Journal Date | 07/2014 |
| Publisher | IEEE |
| ISSN Number | 1949-3053 |
| Key Words | research; paper; smart grids; vehicle- to-grid (V2G); renewable generation; microgrids; smartgrids; modeling |
| Abstract | An optimization model is proposed to manage a residential microgrid including a charging spot with a vehicle-to-grid system and renewable energy sources. In order to achieve a realistic and convenient management, we take into account: (1) the household load split into three different profiles depending on the characteristics of the elements considered; (2) a realistic approach to owner behavior by introducing the novel concept of range anxiety; (3) the vehicle battery management considering the mobility profile of the owner and (4) different domestic renewable energy sources. We consider the microgrid operated in grid-connected mode. The model is executed one-day-ahead and generates a schedule for all components of the microgrid. The results obtained show daily costs in the range of 2.82 to 3.33 ; the proximity of these values to the actual energy costs for Spanish households validate the modeling. The experimental results of applying the designed managing strategies show daily costs savings of nearly 10%. |
| URL | Click Here |
| DOI | 10.1109/TSG.2014.2318836 |
| Preprint | http://hdl.handle.net/2117/20642 |
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Forecasting and optimization of wind generation in energy markets
Sat, 07/19/2014 - 11:53 — admin| Publication Type | Funded research projects |
| Year of Publication | 2014 |
| Authors | F.- Javier Heredia; Ma. Pilar Muñoz; Josep Anton Sánchez; Maria Dolores Márquez; Eugenio Mijangos |
| Type of participation | Principal Investigator (IP) |
| Duration | 01/2014-12/2016 |
| Call | PROGRAMA ESTATAL DE INVESTIGACIÓN, DESARROLLO E INNOVACIÓN ORIENTADA A LOS RETOS DE LA SOCIEDAD |
| Funding organization | Ministry of Economy and Competitivity, Government of Spain |
| Partners | Universitat Politècnica de Catalunya; Universitat Autònoma de Barcelona (Catalonia) Euskal Herriko Unibersitatea (Basc Country) Universidad Pontificia de Comillas (Madrid) Universidade Paulista Júlia de Mesquita Filho (Brasil) North Carolina State University (USA) Electrical Utilities: Iberdrola, Gas Natural - Fenosa. Research centers: Catalonia Institute for Energy Research. |
| Full time researchers | 4,5 |
| Budget | 49.000€ |
| Project code | MTM2013-48462-C2-1-R |
| Key Words | research; MTM2013-48462; forecasting, optimization, wind generation, energy markets; mineco; competitive; public; project; energy |
| Abstract | The coordinated project " Forecasting and Optimization of Wind Generation in Energy Markets" ( FOWGEM) aims at aplying a global approach to the problem of the optimal integration of the wind-enery generation of a generation company in the wholesale electricity market through the combination of statistical forecasting models, mathematical programming models for electricity markets and optimization algorithms. In the framework of the Spanish Strategy for Science and Technology and Innovation 2013-2020 this project contributes fundamentally to challenge 3, " safe, sustainable and clean energy ." Indeed, the forecasting and optimization models and procedures that will be developed in this project, are the necessary mechanisms to allow the competitive and safe integration of wind-energy generation in the multiple-markets based wholesale national energy production system. The FOWGEM project adopts an original and global approach to this problem that combines advanced methodologies in the area of statistics, mathematical modeling of energy markets and theoretical and computatitonal optimization that were developed in several previous projects of the Plan Nacional by the groups of the Universidad Politècnica de Catalunya and the Universidad Pontificia de Comillas . The main objecives of the project are:
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A multi-objective approach to infrastructure planning in the early stages of EV introduction
Fri, 07/18/2014 - 22:44 — admin| Publication Type | Tesis de Grau i Màster // BSc and MSc Thesis |
| Year of Publication | 2014 |
| Authors | Andina Rosalia Brown |
| Director | F.-Javier Heredia; Cristina Corchero |
| Tipus de tesi | MSc Thesis |
| Titulació | Master in Statistics and Operations Research |
| Centre | Faculty of Mathematics and Statistics |
| Data defensa | 27/01/2014 |
| Nota // mark | 9.0 |
| Key Words | Multi-objective Optimisation; Facility Location; Electric Vehicle; Fast Charging Stations; MSc Thesis |
| Abstract | This study approaches the problem from the perspective of a central planner wishing to install fast charging stations. A multi-objective approach is used to simultaneously consider two conflicting objectives in the optimisation problem. The first objective is to minimise the distance that potential consumers would need to deviate from their normal journeys in order to reach their nearest fast charging station, and thus minimise the associated inconvenience. The second objective is to minimise the set up costs associated with the installation of the stations, which differ according to the number of facilities installed and their location. These objectives are normalised using a function transformation and then combined into a single objective function. A mathematical model is formulated and implemented using GAMS to obtain results for the case study of Barcelona, building on the existing literature. Using the weighted sums method, multiple Pareto optimal solutions are found by solving for different relative weights combinations applied to the two objectives. These solutions are used to depict the Pareto front, offering insight into the nature of the trade-offs between the objectives and aiding the decision making process. This study develops the existing methodology used for the EV infrastructure problem, and shows how the application of a multi-objective formulation can offer useful insight to decision makers, particularly when preferences are unclear a priori. |
| DOI / handle | http://hdl.handle.net/2099.1/20851 |
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New publications
- Multistage stochastic bid model for a wind-thermal power producer
- Multistage Scenario Trees Generation for Electricity Markets Optimization
- Multistage Scenario Trees Generation for Renewable Energy Systems Optimization
- Optimització de Reserves de Cable en Bobina (ORCaB)
- Modelos de optimización matemática en la gestión de centros comerciales (MOMGeCC)