Probability Distributions.- Linear Models for Regression.- Linear Models for Classification.- Neural Networks.- Kernel Methods.- Sparse Kernel Machines.- Graphical Models.- Mixture Models and EM.- Approximate Inference.- Sampling Methods.- Continuous Latent Variables.- Sequential Data.- Combining Models.

Pattern Recognition and Machine Learning

Introduction to stochastic programming

Annual Energy Outlook

In this chapter, you will see how the simplex method simplifies when it is applied to a class of optimization problems that are known as “network flow models.” You will also see that if a network flow model has “integer-valued data,” the simplex method finds an optimal solution that is integer-valued.

Flows in Networks

Historically, centrally computed algorithms have been the primary means of power system optimization and control. With increasing penetrations of distributed energy resources requiring optimization and control of power systems with many controllable devices, distributed algorithms have been the subject of significant research interest. This paper surveys the literature of distributed algorithms with applications to optimization and control of power systems. In particular, this paper reviews distributed algorithms for offline solution of optimal power flow (OPF) problems as well as online algorithms for real-time solution of OPF, optimal frequency control, optimal voltage control, and optimal wide-area control problems.

https://ieeexplore.ieee.org/ielaam/5165411/8075182/7990560-aam.pdf

A Survey of Distributed Optimization and Control Algorithms for Electric Power Systems

Over the past half-century, Optimal Power Flow (OPF) has become one of the most important and widely studied nonlinear optimization problems. In general, OPF seeks to optimize the operation of electric power generation, transmission, and distribution networks subject to system constraints and control limits. Within this framework, however, there is an extremely wide variety of OPF formulations and solution methods. Moreover, the nature of OPF continues to evolve due to modern electricity markets and renewable resource integration. In this two-part survey, we survey both the classical and recent OPF literature in order to provide a sound context for the state of the art in OPF formulation and solution methods. The survey contributes a comprehensive discussion of specific optimization techniques that have been applied to OPF, with an emphasis on the advantages, disadvantages, and computational characteristics of each. Part I of the survey (this article) provides an introduction and surveys the deterministic optimization methods that have been applied to OPF. Part II of the survey examines the recent trend towards stochastic, or non-deterministic, search techniques and hybrid methods for OPF.

Optimal power flow: a bibliographic survey I

Over the past half-century, Optimal Power Flow (OPF) has become one of the most important and widely studied nonlinear optimization problems. In general, OPF seeks to optimize the operation of electric power generation, transmission, and distribution networks subject to system constraints and control limits. Within this framework, however, there is an extremely wide variety of OPF formulations and solution methods. Moreover, the nature of OPF continues to evolve due to modern electricity markets and renewable resource integration. In this two-part survey, we survey both the classical and recent OPF literature in order to provide a sound context for the state of the art in OPF formulation and solution methods. The survey contributes a comprehensive discussion of specific optimization techniques that have been applied to OPF, with an emphasis on the advantages, disadvantages, and computational characteristics of each. Part I of the survey provides an introduction and surveys the deterministic optimization methods that have been applied to OPF. Part II of the survey (this article) examines the recent trend towards stochastic, or non-deterministic, search techniques and hybrid methods for OPF.

Optimal power flow: A bibliographic survey II non-deterministic and hybrid methods

The set of optimization problems in electric power systems engineering known collectively as Optimal Power Flow (OPF) is one of the most practically important and well-researched subfields of const...

An introduction to optimal power flow: Theory, formulation, and examples

In a competitive environment with bid-based markets, power generation companies desire to develop bidding strategies that maximize their revenue In this paper we ask: What approaches and methodologies have been used to model the bidding problem for hydro-electric producers? We present the problem's developments over time and, through reviewing different variants of the problem, progressively build to the case in which the agent is a price-maker hydro-electric producer In each variant of the bidding problem, we examine how the approaches used to solve it may or may not be applicable to other variants Last, for the price-maker hydro-electric producer's bidding problem, we recognize the most recent developments and illuminate a path for future efforts

Optimal Bidding Strategies for Hydro-Electric Producers: A Literature Survey

Nested Benders decomposition is a widely used and accepted solution methodology for multi-stage stochastic linear programming problems. Motivated by large-scale applications in the context of hydro-thermal scheduling, in 1991, Pereira and Pinto introduced a sampling-based variant of the Benders decomposition method, known as stochastic dual dynamic programming (SDDP). In this paper, we embed the SDDP algorithm into the scenario tree framework, essentially combining the nested Benders decomposition method on trees with the sampling procedure of SDDP. This allows for the incorporation of different types of uncertainties in multi-stage stochastic optimization while still maintaining an efficient solution algorithm. We provide an illustration of the applicability of our method towards a least-cost hydro-thermal scheduling problem by examining an illustrative example combining both fuel cost with inflow uncertainty and by studying the Panama power system incorporating both electricity demand and inflow uncertainties.

Steffen Rebennack

Papers

Optimal power flow: a bibliographic survey I

Optimal power flow: A bibliographic survey II non-deterministic and hybrid methods

An introduction to optimal power flow: Theory, formulation, and examples

Optimal Bidding Strategies for Hydro-Electric Producers: A Literature Survey

Combining sampling-based and scenario-based nested Benders decomposition methods: application to stochastic dual dynamic programming