DocumentCode :
2118313
Title :
Monte Carlo computation of power generation production cost under unit commitment constraints
Author :
Valenzuela, J. ; Mazumdar, M.
Author_Institution :
Dept. of Ind. Eng., Pittsburgh Univ., PA, USA
Volume :
2
fYear :
2000
fDate :
2000
Firstpage :
927
Abstract :
A highly efficient Monte Carlo procedure for estimating the mean and variance of electric power production cost under unit commitment constraints is proposed. Such estimates are useful in making near-term operational decisions. The authors show that, for this purpose, it is essential to consider the stochastic processes associated with generation unit outages. When unit commitment constraints are taken into account in the production-costing model, a combined combinatorial and continuous optimization problem needs to be solved at each hour for each Monte Carlo run. This tends to make the computations quite long. They propose a method to reduce the required number of Monte Carlo runs by using a control variate technique on batches. They present the results for a small electric power generating system where they achieved a reduction of sample size by a factor of 10 for the variance and by a factor of 42 for the mean
Keywords :
Monte Carlo methods; combinatorial mathematics; costing; optimisation; power generation dispatch; power generation economics; power generation scheduling; stochastic processes; Monte Carlo computation; combinatorial continuous optimization problem; control variate technique; generation unit outages; near-term operational decisions; power generation production cost; production-costing model; stochastic processes; unit commitment constraints; Constraint optimization; Costing; Costs; Monte Carlo methods; Power generation; Power system modeling; Predictive models; Production systems; Steady-state; Stochastic processes;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Power Engineering Society Winter Meeting, 2000. IEEE
Print_ISBN :
0-7803-5935-6
Type :
conf
DOI :
10.1109/PESW.2000.850053
Filename :
850053
Link To Document :
بازگشت